Richard Wolff On Trump's Defence Spending



Why does the World’s largest military need more funding when the people it’s supposed to protect are in tough spot? Economist Richard Wolff explains.

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An excerpt from the “Globalis Capitalism”, a monthly talk given by Richard Wolff.

Learn more: https://www.youtube.com/user/democracyatwrk

Full episode: https://www.youtube.com/watch?v=BdMCTlHl5RQ

Sources:

1. Trump proposes $54 billion defense spending hike
http://edition.cnn.com/2017/03/16/politics/donald-trump-defense-budget-blueprint/index.html
2.Trump’s budget boosts military spending, slashes programs for the poor
http://nypost.com/2017/05/23/trump-submits-taxpayer-first-budget-to-congress/
3. International Institute of Strategic Studies – The Military Balance 2016
4. Dwight D. Eisenhower – Chance for Peace
https://www.youtube.com/watch?v=nzNbfa1QyYg

Richard David Wolff is an American Marxian economist, well known for his work on Marxian economics, economic methodology, and class analysis. He is Professor of Economics Emeritus, University of Massachusetts, Amherst, and currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York. Wolff has also taught economics at Yale University, City University of New York, University of Utah, University of Paris I (Sorbonne), and The Brecht Forum in New York City.

In 1988 he co-founded the journal Rethinking Marxism. In 2010, Wolff published Capitalism Hits the Fan: The Global Economic Meltdown and What to Do About It, also released as a DVD. He released three new books in 2012: Occupy the Economy: Challenging Capitalism, with David Barsamian (San Francisco: City Lights Books), Contending Economic Theories: Neoclassical, Keynesian, and Marxian, with Stephen Resnick (Cambridge, MA, and London: MIT University Press), and Democracy at Work (Chicago: Haymarket Books).

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