The American Nightmare (Bill Moyers Interview of Richard Wolff)

Moyers: The American dream has become a nightmare for the poor.

(Note: if the video linked above gets deleted, you may search the Internet for the title: “Economist Richard Wolff on Capitalism Run Wild” and “Moyers & Company”)

The American dream has become a nightmare for the poor. I couldn’t have said it better. In this interview by Bill Moyers, Richard Wolff gives a good account of FDR’s rescue of the American dream and economy. The New Deal also rescued the American robber barons who, however, were divided into two groups, one side accepting the rescue measures, and the other side hating them. Those who hated being ousted from their god-king thrones have by now undone almost all the positive outcomes of FDR’s New Deal; and only lately are we, the people, waking up to this sad reality and rising up in anger. Let’s hope our anger will serve to take our country back from today’s robber billionaires, rather than to fall into the trap of demagogues (as back in Nazi Germany). 

In America, things usually have to become very bad before we revolt and change things for the better. My hope, and the reason for me to run this blog and write my book, is that we will manage to aim higher this time when we make change, high enough to remove the source of the ever-returning corruption: the mentality and property arrangements which put all economic decision making power into the hands of a self-serving few and relegate the rest of us to the status of serfs.


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