Economic Update

The Center Cannot Hold (encore)

This program begins by analyzing the political monopoly (aka, “The Center”) operated by the GOP and Dems in the US: its organization and dominance until the last few years. The monopoly deteriorates as both GOP and Dem coalitions suffer splits and cracks, opening opportunities for radical political shifts and perhaps new parties. The context of declining US capitalism facing mounting unsolved social problems adds to the winds of change, as do pressures to resort to repression. Wolff affirms that the center cannot hold.