"CEO of the Wells Fargo Bank Corporation, one Charles Scharf, told them the reason why the top ranks of bank executives in his company were not "diverse" [is] "a shortage of qualified minority candidates." Well, let's help Mr Scharf. The banks of America, particularly the big ones like Wells Fargo, have had affirmative action in place for 300 years. You know what it meant? White men got the jobs and other people didn't. And let's see what the white males that run Wells Fargo achieved in recent years: massive corruption."
Watch the full episode: https://www.youtube.com/watch?v=Ie6IY-GuXDI
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Learn more about Prof Wolff's NEW BOOK, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself," that came out mid-September, on our books page:
"Richard Wolff stands out for his brilliant exposition that, if capitalism appears unjust, it is because it is irrational, inefficient and wasteful of human and natural resources. The same ‘production lines’ that pump out untold wealth also produce industrial scale discontent and physical sickness. And yet, for most people it was hitherto impossible to imagine a world without capitalism. Covid-19 has put a dent into this corrosive certainty and, now, Prof Wolff’s new book turns this dent into a magnificent source of hope and insight.”
- YANIS VAROUFAKIS
Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
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