Sanctions Creating Supply Chain Bottlenecks - Economic Update with Richard Wolff
- 2 years ago
While sanctions against Russia are intended to freeze them out of the world economy, Prof Wolff explains how the profit motive creates more layers of impact that affect us all.
"The demand in Canada is driving up the prices because people are so needful of replacing Russian material that the Canadians can raise the price for everyone, which means inflation for everyone. The sanction program is creating supply chain bottlenecks that are driving up inflation everywhere." - Richard Wolff
This is a clip from S12 E15 of Economic Update: "Ukraine & An Empire's Decline"
Watch the full episode on our YouTube channel at https://youtu.be/DTMLvTYlg20
You can also listen to this show on our website or as a podcast on your favorite podcast player.
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Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff!
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“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly
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"The demand in Canada is driving up the prices because people are so needful of replacing Russian material that the Canadians can raise the price for everyone, which means inflation for everyone. The sanction program is creating supply chain bottlenecks that are driving up inflation everywhere." - Richard Wolff
This is a clip from S12 E15 of Economic Update: "Ukraine & An Empire's Decline"
Watch the full episode on our YouTube channel at https://youtu.be/DTMLvTYlg20
You can also listen to this show on our website or as a podcast on your favorite podcast player.
______________________________________________________________________________________
We make it a point to provide the show free of ads. Please consider supporting our work.
Become an EU patron on Patreon: https://www.patreon.com/economicupdate
Become a monthly donor via our website: https://www.democracyatwork.info/donate
_______________________________________________________________________________________
Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff!
www.democracyatwork.info/books
“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly
http://www.lulu.com/spotlight/democracyatwork
_________________________________________________________________________________________
Want to help us translate and transcribe our videos?
Learn about joining our translation team: http://bit.ly/2J2uIHH
Jump right in: http://bit.ly/2J3bEZR
Follow us ONLINE:
Patreon: https://www.patreon.com/economicupdate
Websites: http://www.democracyatwork.info/economicupdate
http://www.rdwolff.com
DailyMotion: http://www.dailymotion.com/democracyatwrk
Facebook: http://www.facebook.com/RichardDWolff
http://www.facebook.com/DemocracyatWrk
Twitter: http://twitter.com/profwolff
http://twitter.com/democracyatwrk
Instagram: http://instagram.com/democracyatwrk
Subscribe to our podcast: http://economicupdate.libsyn.com
Shop our Store: http://bit.ly/2JkxIfy