Wolff Responds: Texas, Profits & Tragedy

In this Wolff Responds, Prof. Wolff draws parallels between the Enron scandal in California and the recent Texas energy disaster. When the profit motive drives decisions, only a select minority, the wealthy elite benefit. The results for the majority can be disastrous. This was true in California, and is now also true in Texas. Wolff argues that the cost of protecting the energy sources in Texas from the threat of severe weather conditions are a tiny fraction of what has now been lost. Wolff Responds is a@Democracy At Work production. We provide these videos free of ads. Please consider supporting our work. Visit our website or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at Learn more about Prof Wolff’s new book, “The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself “ available now at