Economic Update: How Capitalism Distributes Power
ฝัง
- เผยแพร่เมื่อ 29 ก.ย. 2024
- [EU S14 E12]
This week’s Economic Update Professor Richard Wolff discusses the resurging child labor in US, colleges athlete vote to join unions, unionization sweeping not-for-profit charities (hospitals, museums, etc.) such as MassMoca in western Massachusetts. Major discussion of how capitalism concentrates power in mass media (including social media), in authoritarian internal structures of corporations, and via donations and other controls exercised over two major political parties and over politicians.
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![Understanding Marxism: Q&A with Richard D. Wolff [June 2019]](http://i.ytimg.com/vi/eU-AkeOyiOQ/mqdefault.jpg)
![Understanding Marxism: Q&A with Richard D. Wolff [June 2019]](/img/tr.png)
Many tks Prof.
Professor Wolff, sometimes i put your videos on loop because i enjoy hearing your voice so much, it reminds me of old-time radio (i wasn;t there, but i've heard such historical programs on TH-cam), where presenters were well spoken and erudite. Better times, if only in memory. Thank you for your videos, they are always full of wisdom, i just wish the world would listen and act upon it.
All the stuff we won't hear on NBC Nightly News.
nbc is corporate propaganda.
I am a 77 Olay from New Zealand I really enjoy your program. We have a real right swing govt here at present. We need someone like you Richard to let people to know there is other ways. In the mean time we will keep watching you and making the odd comment
Thank you Professor Wolff for a brilliant talk .You have encapsulated so many ideas here.
I always come away with a much clearer understanding of what is really going on in our world today . Thank you so much for bringing us together here .
Another enlightening & wonderful episode, thank you, Prof. Wolff for spreading your much needed knowledge on all these topics.
Very informative and very educative lecture by professor Wolff,appreciate sir.
Great as always! Thank you Porf Wolff, and your the team for your work!
Capitalism doesnt distribute power, power distributes capitalism. Power and domination is what determines economic outcomes in a competitive market. Also the history of conquest and imperialism and first movers advantage is what made the capitalist class so powerful. Power begets power.
Believe it or not, quite a bit of what you say was, and could be again, mitigated in favor of the working class with something called laws and regulations. It worked pretty well after WW2, but needed some adjustments. Basically, it's reasonable taxes on the wealthy (and reasonable investment incentives) and keeping banks well controlled. The primary adjustment would be adding 'For all'. Capitalism today has virtually no competitive markets and the bankers (whether public or private capital) put the screws to everybody they can.
Market capitalism is unsustainable on all levels. That’s the bottom line. We need system change.
But how? Try One Small Town Contributionism. If not, what else?
@@breft3416 That was an illusion, killed by fiat and the 300% inflation that
occurred between 1939 and 1970. ( according to government calculations )
That doubled in the 70's to 600% and in terms of "lawful money" which still exists
actual inflation now exceeds 5000%. ( see Constitution )
Sadly, people don't know the difference between "lawful money" and "legal tender",
nor what "income" is...and as it pertains to "income" what an "employee" is.
Then there rights vs privileges...and you no longer have the former having traded them for the latter,
without any clue about how this was done.
So while the "exploited victim" narrative is attractive because it absolves responsibility for
what exists, it is ignorance that brought you here and will keep you here until you
start asking the right questions, and you're not even close to even beginning to do that.
Powers are very relative term. But if we’re talking about social, economic, and political domination….Capitalism seeks to expand its range of exploitation, therefore it relies on its current conquest to spread itself further. Think about the influence the east India company had on the British Empire. Power existed before capitalism came to rise, and the influence of capitalism spread itself with the assistance of power it had conquered. So capitalism is a system replace the power structure of feudalism with itself within those societies, and those societies spread capitalist, influence, and conquest through imperialism.
capitalism absolutely realize on a state to give it rise and to ensure it doesn’t collapse on itself. But it is the economic engine that drives most of the world today.
@@sojourner4726 Do you recognize that monetary-market economics is structurally unsustainable? We need system change. That's the bottom line.
And social system change needs to come from the bottom-up, community level cooperation. If we aren't working on that, then what sort of future are we looking towards?
Information is Power!
Excellent discussion, thank you
Very nice...!!! Thanks for sharing.
It is a profound shame and a sad statement that our society operates the way it does. It does not have to be this way. The socio-economic "caste system" that has evolved in America is a refutation of most of the principles we supposedly cherish, the values ensconced in our holy books and historic mythologies. To say one thing and then do the opposite is the height of depraved hypocrisy.
Yes, it always was a democracy in theory more than in fact. As Wolff has pointed out, we escaped the tyranny of medieval feudalism and Renaissance monarchy, only to degenerate into corporate oligarchy. Democracy worked in America --- to some extent --- as long as the country had a predominantly agricultural economy and corporations were small in scale. But with the rise of industrialization and the first wave of Robber Barons, it started to go downhill. Meanwhile, a series of Supreme Court decisions gave corporations the rights of human beings under Constitutional law (predominantly, the 14th Amendment). It's all described in Adam Winkler's book, WE THE CORPORATIONS.
😂🤣😂🤔😂 That anyone thinks America is either a Democracy or a Republic shows how ignorant and brainwashed y'all are. You live in a Capitalist Oligarchy. The same as all the other western 'Democracies'.
The constitution is just words some guy wrote and a bunch of rich people agreed on.
Bottom Line: You mean things aren't exactly looking "rosy"?
Interesting perspective...machinery and technology are the bearers of value in the workplace, these tools make money out of time. The machines have a social arrangement with live workers but the workers have no value arrangements with the owners of the machines.
The workers acquiesced their power to a ruling class. No one needs a ruling class. Take it back.
Good day can I get your opinion on investments in gold and silver. Thank you
get your hands on all the gold you can.
Buy low. Sell high.
When do adjuncts get to have a union? And the university non-academic staff get to be unionized? All of university life should be democratized.
Concentrates, not distributes
I love this!
They want you to work till you are 70 to receive your social security , Is this the reason why ? In Fact they want to send Grandma And Grandma in the street or send them back to work ?
No I think they want you to work till you die
Dear Professor,
I greatly respect your work. I love your 'Classes'. But I have stopped coming here because - radically, one can say, rigidly - I cannot accept that anyone should equate the discussion of CLASS with any other discussion. Maybe I'm wrong - I feel I'd be Betraying the Working Class: more and more betrayed every day! I study Zen. I study Gender Relations. I study Psychoanalysis. I like Lao Tse. I like Jung. I love Hanna Arendt... But CLASS discussions are not on the same level. They are Structural to the Human Race.
Wishing you the best of the best!
#judiascomPALESTINAS
So you're saying what? That all human systems are hierarchical and therefore involve class struggle? But if we go back to medieval Europe, the "struggle" was either nonexistent or impractical. The ideological paradigm called the "Great Chain of Being" meant that people born into a socioeconomic class had to stay in their place because God had ordained it. And since most medieval people were illiterate, they rarely could see beyond the paradigm that clerical authorities laid out for them. What changed with the Enlightenment was that populations no longer had to accept the "God-ordained" system, but could challenge it. Science and exploratory mercantilism revealed a world where people at least theoretically could "leverage" their circumstances and, through class struggle, move up the social hierarchy. Despite this, the ability to rise in the system was always more theoretical than actual, simply because most wealth and power remained at the top. All I'm saying is that in order to view human society in terms of "class," we first had to move to a historical period where class mobility was a *theoretical* possibility, even if the promise was only fitfully fulfilled. We can flatter ourselves with "mind over matter" reductionism, but as fatcats remake the world, the future looks more and more dystopian.
Good on the students for getting organised and unionising.there's hope in the young generations. They're learningfast about the capitalist system and how it works. And about the anti-communist lies that the ruling class pushes upon them. Partly this is thanks to the internet, partly it's due to the contradictions and inequality inherent to capitalism vecoming more and more obvious and difficult to obfuscate, and partly due to the rise of a multipolar geopolitical reality and global economy alojg with the decline of the hegemony of the US empire. All of this contributes to the younger generations being far more sceptical of the narrative that is lushed on them by the western ruling capitalist class and their lackeys in the political and the media spheres. As Marxists it's ourjob to offer them another, different and better kind of sociopolitical and economic system, before they can be channeled towards the far right and their illusionary "solutions" to the problems that they see in society. We must organise, educate and agitate!
😂 more like indoctrinate and destroy. Marxism is a failed ideology and socialist leaning economies are factually more unequal than capitalist leanings ones.
Wolff normally always brings up feudalism and slavery in his critiques of capitalism. I wonder if he's dumb enough to believer there was no child labor under feudalism and slavery, and also dumb enough to believer there's no child labor under socialism???
There is no debate child labor has to stop. Life is about individuals making decisions. We throw people in jail for murder rape and incest. Child labor is just as bad. If you start a bissness do the work your own dam self. Don't make a toddler to the work for you that's sick.
I know, right? The Cubanese and the North Viet Cong are STILL using child labor in their cheese factories!
@@jackanderson719 We do? So why aren't all the people in government,
making all that possible, not in jail?
Professor Wolff schools Lex Fridman on economics and how he would run a business, or how he thinks business should work, or.....?????
( substitute AI for the "machine" and this is a repeat of today's attempt sans a few details )
The following was an excerpt from a three-hour interview with Lex where Wolff offers the following example of his understanding of all of the above and titled "Why Capitalism Fails."
An employer hires 100 employees as labor to produce "whatever", for $100 and then spends another $100 on the materials the production requires. From this, he receives $20 profit and repeats the process. He then purchases a machine that replaces 50% of his workforce...so he does.
Wolff disapproves of this as labor is always exploited ( except in the case of Mr and Mrs Smith who agree to sell their business to their employees ) and he suggests that all the employees should be retained at the same rate of pay, while only working half the hours. ( because labor is 100% responsible for what is being produced. ) This is similar to "other examples" he has offered in his attempt to sell the "democratically run workplace where the "employees" decide what to produce, when to produce, and how to produce as well as what to do with the profits."
Now this example is completely flawed and so detached from reality that it is impossible to take it seriously...except on this site. ( echo chamber )
So I leave it to YOU, to decide whether to attempt to defend this idea or see how many flaws you can find pointing out a singular one that as an "existing business" all that what to produce stuff has already been determined, as it would be for any "existing business".
Will those who have been "brilliantly educated" by the Professor respond with anything intelligently relevant or substantive? We shall see.
*For those with reading comprehension difficulties.
Your mission, if you decide to accept it, is to analyze the scenario presented by the Professor and to determine if it is a viable strategy. What are the prospects for its success? Does it provoke questions regarding the elements offered? It should be noted that while the example is suggestive of Wolff's co-op model of a democratic workplace in his alternative solution to firing the replaced workforce, the example itself is the standard, employer owner, employee worker that is the current capitalist structure.
Thirteen attempts...still waiting...
, falsify it... or question it. ) it is absolutely mystifying that NO ONE seems capable or willing to choose any of them.
The single relevant response raised the point that Wolff didn't anticipate the replacement of the machine, and while true, it does jump the gun in terms of many other things that should be of more immediate concern.
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@kaportza9805 Did you mean...the subject of an "unconstitutional, criminal, tyranny" is one that might
be taken more seriously???? Did you read my post on "censorship" here? I'm surprised that
it actually survived here, as it seems to have been immediately deleted, elsewhere.
Why have my responses to you here been blocked?
So, what do you imagine I have written here should be peer-reviewed, and by whom?
Given the primary subject, and the "threat" it actually poses, posting it to left/right "echo chambers is
determined by the number of comments ...the lower the better, as it is a matter of actually being read that
matters...not the "label" assigned to the site ( choir ) or its trolls. I am usually a designated troll regardless
of the label and this subject matter can be found, but ultimately there is a price attached to acquire the
"specifics"...which are usually complicated...I am more direct and do not charge for the information...
and since this is always a "proceed at your own risk" endeavor...challenging a criminal enterprise with
a monopoly on FORCE...understanding how it works is the best that can be hoped for. Choosing to act upon it
and the risks involved can only be an individual decision. ( and the system has been designed to limit this
to one of individual risk, in the sense that you can only reserve YOUR rights. ) Collective action is possible,
but would take far more work.)
As for what books you should read...I have no idea because you have not indicated what you are having problems with...
or actually disagreeing with...while challenging my "credibility" ...and that to satisfy this challenge, you
expect me to submit to credentialed authority.
Yet, counter -authorities already exist...as well as "facts"...( in so far as wolff is concerned here ) and the facts
speak for themselves. Hudson pretty much dismantles Wolff historically...and the "facts" regarding fiat and
its consequences speak for themselves. So, what specifically do you wish to see "counter authorities for"??????
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You really need to gather and collate your expansive thoughts into a published work, or better yet, a series of published works and hit the lecture circuit. You're wasting your talent and profound insight loitering in lightly trafficked TH-cam comment sections (really, who gives a flying 'F' what goes on in this space). You need heightened exposure and the opportunity to directly challenge your intellectual peers in the field of economics in wide-reaching public forums. Stop languishing here. Get working on that first volume.
Remember, though, precision and concision are the key to attracting an audience and *effectively communicating* your ideas. This may prove an insurmountable task, but please don't let that dissuade you.
@@scotteagles4864 There is nothing expansive involved here. It is simplicity itself
and designed to see if anyone in "this echo chamber" could actually focus on the
task at hand regardless of their opinions. As for "economics" it doesn't really have much to
offer, and why Hudson and Keen have abandoned the identifier as such.
Since the general public is largely ignorant regarding most things and seem to think
that if they whine loud enough they will be gifted with higher quality chains, albeit temporarily,
I have no great expectations of reaching anyone...on even the most basic level.
But thanks for the advice whatever its intention...Que sera, sera.
I find it odd that he endorses Union which compete against other unions for representation of workers within the capitalist system. He then proceeds the next step from unions are worker cooperative. In turn cooperatives would compete against each other for profits. Why not abolish the capitalist system by promoting anti competition rhetoric?
@@chriscourtney7369 Unions were the first target of the Sherman Anti-Trust Act...and under FDR
and the NLRB their power expanded exponentially, as they were able to shut down an entire
industry and all its suppliers. FDR began fiat 1934, then got the Supreme Court to abandon
the Constitution in 1938, in order to save the second parts of his "new deal", as the Court had rejected
much of what he tried in his first term. The union stuff was so bad, that it caused the political backlash
of Taft- Hartley, which was passed over a presidential veto in 1947 or 48.
But fiat and the resultant inflation were enough to destroy the industrial dominance of the U.S.
and a decline that began in 1950 raising production costs steadily year after year until the 8o's
when industry was no longer competitive and fled to foreign labor markets.
The inflation hasn't stopped, so the rentier F.I.RE sector where the most profit is realized is non-productive,
while the government has expanded at every level, as have public sector unions, and industries and
services reliant on government contracts, as well as people also dependent on government programs
to survive, all of which is also non-productive and represents the majority of our present economy.
Wolff has no grasp of any of this and he never will.
He has some strange idea that government is the solution, even though this is not true
anywhere in the world...and it is certainly not true here, and the difference in the U.S.
it is that it is flagrantly criminal...and clearly unconstitutional, since they didn't bother to use
the process required to change it...and it can be directly challenged by any citizen in
every court in the land, as soon as enough of them wake up and start acting on it.
Reading through the comments I found I no longer need,need to read this trolls comments to click thumbs down. 😀
Calling our politician-corporation political system a "protection racket" is hitting the nail on the head. Good description.
Too bad he doesn't really understand what it means...since it's not the people paying
protection that have the power...and yet he keeps stating that it is the corporations
paying it that do.
If there is anything consistent about Wolff, it is his constant self-contradictions...but as you are all
"exploited victims", this is the only thing that resonates, and in the process, you miss
everything else.
It's just a glorified mafia that looks "professional"... they're not much different.
😂🤣😂🤣😂 there nothing funnier than seeing someone displaying willful ignorance and thinking others don't see through it. 😂🤣😂🤣😂
Name one willful contradiction.
So who displays willful ug iran e?
I've been watching professor Richard for more than 10 years .And still learning from him.
Funny how he avoids the topic of the FED. He just talks about the demon “capitalism”.
@@raymondkey1952ask him about the FED. What is your question?
I went to the JFK presidential library and left wondering who really runs the place, because it was obvious it wasn't anybody sympathetic to JFK.
@geraldmantel4955 Well, it's run by the National Archives and Records Administration (NARA), so that should tell you all that you need to know. (IE., it's federal government propaganda)
And I'm sure it's the same (or worse) if you visit the FDR presidential library. On the other hand, if you go to the Ronald Reagan library.....
@@paulkesler1744 Good point, I'll bet you're right.
@micro-organism-pv5gd Elvis didn't die, although Nixon did.
Have we slipped into full frontal fascism?
Union Strong✊🏼
Prof Wolff why don’t you dedicate a whole program on how money is created and the role of banks in demise of economy and rise in inequality?
Unlike Marx, he doesn't really know what "money" is...nor it's history, so he isn't going
to do that...and he neither reads these comments, nor answers questions posed here.
Why is that?
@@moji8405 Why is what?
Referring to QE and how they have created asset inflation, funded fuedal technocrats and rise of billionaires? th-cam.com/video/lbji8utP6dU/w-d-xo.html
So just encourage him to make his statement of it and then criticize it point by point. That would mean much more than a judgment in advance, and it would encourage a substantial exchange with others.@@jgalt308
James Galbraith: As time goes on, the quality of the government lies, as well as the quality of folks reaching high positions ---- declines.
the quality of the government's lies declines? good news if it means their criminality is more transparent.
Very hard to be a genuine people leader on the top under capitalism.
REPUBLICANS ARE MOST TO BLAME FOR CAPITALISM BUT NOW DEMOCRATS HAVE JOINED THE PARTY.
@@anneliu3816 Too bad there isn't any "capitalism" left...and the tyranny that now exists
doesn't care how blatant the lies are...since after a century of brainwashing none of you know
what any of the words mean anymore.
Thanks for another great "Update"-All we need do is watch the evening news to see what the Ruling Class has done today without our consent or approval,
and framed in most peculiar terms. elliptical explanations on MSM to say the least.
The 'news' our corporate overlords allow us to hear...
Young people should read Edward Bernays' "Propaganda"; General Smedley Butler's "War Is a Racket"; and George Orwell's "1984" for a primer in contemporary American life.
and Howard Zinn's "A People's History of the United States",
Not just American life
Oof
Dystopia
The corporate entities "own" the goverance of this "place /nation not a nation"
The US government was setup from the beginning to be for the rich not "we the people".
Best government money can buy!
One of the better editions of Democracy at Work, regarding capitalism and political power
What do Ancient Egypt & Modern Capitalism have in common?
A: They've both had their "pyramid" schemes ...
and slaves ...
True
@@fena1931 Wage slavery
@@williamblack4097 Really? You do know the difference between an agrarian economy and an industrial one?
You do know that "slavery" in the U.S. was largely a function of the agrarian economy, centered in
the South? Neither "industrial europe nor industrial U.S." had any need for slaves, and both ended the practice?
You do what the word "slavery" means??????
@@jgalt308OHH galty,, salty galty lol,, yeah I know the difference between an agrarian economy and an industrial one, do you want to tell me what moving thousands of tons of huge boulders and working on them IS other than heavy construction INDUSTRY? Yeah the ancient Egyptians were basically about as smart as cattle, working for enough grain to feed themselves and their families but they were people,, not just slaves... And your usual contention that slaves built the American economy but capitalism freed them, yes I do know what slavery is and wage slavery is only a little better than chattel slavery... Chattel slavery ended but the corporation wasn't done exploiting black people, and now we have insane cries for reparations when it isn't average white people holding black people back but the corporation holding ALL OF US BACK...
WHO do you think controls legal domestic policy in the united states, these idiot lawyers who infest Congress and Senate and the lackey judges on the corrupt supreme court, ALL OF THEM are involved in the destruction of societal peace and the rampant corruption and violence in American and other cities because of the idiocy of prohibition..... The de- industrialization that creates a lot of unemployed people, and in steps prohibition with the desire for illicit substances creating a huge black market so gangs can arm themselves and stake out their own territories and all this stupidity... ALL DESIGNED BY COINTELPRO,, the domestic CIA NSA program designed to keep black people and white people fighting into forever......
If minors are allowed or have to get jobs, they must pay taxes, therefore they must have every right to vote. No taxation without representation. They must also have the right to a union and a living wage same as adults. Fair enough Republicans?
You think the people who pay taxes are represented?
@@jgalt308 haha yeah that's a good one.
No but still younger people need the right to vote regardless. Younger people don’t have nearly enough rights tbh.
@@piku5637 What rights do you think you have? What is their source?
It's a fuzzy concept...and most haven't thought it through, nor
do they bother to seek any evidence to support what they claim or believe.
Great as usual prof. Wolff!
The golden rule: thems with the gold, rule.
As a working musician in 1972 a good pay for a night playing at a bar was $100 today in 2024 pay for a night playing at the bar $100 or less because you have fun playing music so you don't need to make money tell that to my landlord
"An investigation by the United States Department of Labor’s Wage and Hour Division uncovered child labor violations across eight states, with over 100 employees - some as young as 13 years old - working 13-hour overnight shifts in meat processing facilities.
But is child labor is on the rise in America? Cases of child labor violations have fallen since the early 2000s. But from 2015 to 2022, the number of minors employed in violation of child labor laws rose by 283%, according to data from the US Department of Labor’s Wage and Hour Division."
"A series of investigative reports over the last few months has revealed that migrant children, mostly from Central America, are working in some of the most dangerous jobs in the U.S.
New York Times investigative journalist Hannah Dreier has interviewed more than 100 migrant children working in violation of child labor laws across 20 states."
This post is for the capitalists who claim that child labor in the USA amounts to paper routes...
Wait whaaaat. How would a company grow if it didn't incentivize production... Look if ur not getting the wage you deserve stand up for yourself and give your employer notice. Or if you dont know how to move up in your company ask! Most jobs offer some type of training for improvement in sales, customer service etc. Richard is describing the companies you dont want to work for lol
What‽ greed ain't good anymore?
It never was.
You forgot to mention Trudeau from Canada with the other Authoritarians.
We did not Give Power to the billionaires - they just grabbed it .
Something called cost benefit analysis and what is cost prohibitive. I didn't understand economics until I was introduced to the notion of the cost of all things....
Yes, but who's paying the costs versus who's getting the benefits? If it costs a CEO less to pollute the environment than to clean it up, he'll pollute the environment. To him, that's just an "externality" --- he'll be charitable enough to let the public suffer the consequences.
Great stuff Dr. Wolff !
"What do we see going on?" Fighting over scarce resources. Richard Heinberg explained this in his book, The Party's Over.
In order for "democracy" to work under capitalism, it has to be kept as limited as possible. We get to vote on political candidates, often put up and supported by capitalists. But the majority of decision that affect us in our daily lives are made directly by unelected owners. I believe it's called "bourgeois democracy" - fancy word for democracy controlled almost entirely by the rich. (BTW, "democracy" controlled by the State is no better.)
"For the bourgeoisie, freedom of the press meant freedom for the rich to publish and for the capitalists to control the newspapers, a practice which in all countries, including even the freest, produced a corrupt press." - Lenin in 1917
Arguments against basic workers rights of past truly eye-opening about modern insane arguments of rich exploitators
It is a conundrum isn't it. The powerful can and will always buy the vote of the people as people will sell their vote, often just for nice promises which never materialize. So when people cannot make up their own mind, does it really matter whether they have the right to vote? Is it surprising that people often don't like the outcome, and could not wait to change the person they put the crown on. That is the human condition. I do like democracy because there is the possibility of bargain. But we have to accept that it is messy.
Thank you for what you do. Your content is priceless 🔥 💪🏾 change MUST come 🔥 💯
Capitalism Distributes Power among Capitalists
Don't call them employers - call them : gift givers - Gift in German is : poison
Hello we didnt believe you guys until you start kearning economics the real economics and its impact on our life.
U said its started from 100 years buts in actually its continued from Ancient Era, its not new, as usal super analysis
Is it fair to say the the employers are ungrateful? I think so.
Highly enjoy the program professor! You are a major part of my economic formation🙏💪
Read about monetary creation at the FED. His ideals are dangerously incomplete. These types just want to use ignorant people as canon fodder. I don’t trust him. Not that he doesn’t make good “points”
Thomas Brenda Lee Melissa Williams Barbara
👏👏👏
Hello fellow distributers.
Allen Paul Johnson Matthew Miller Jason
Hello friends and prof.! Thank you from Brazil!
EVERYONE…
Male and Female Alike, White and Black in Positions of Authority and Power Should Be Held Accountable No Matter How Much Monetary Means They Accrue or Which Position They Hold. We Are Ever Evolving Spiritual Beings Having Human Experiences Though Perfect Within Our Imperfections Nonetheless, We All Fall Short. As We’re Meant to Do. Justice is a Universal Principle. Religion Has Nothing to Do With It.🗽
It is more like how capitalism distribute irresponsibility and unaccountability?
No, that would be the government...or haven't you been paying attention.
Excelente programa, professor. Apenas, como brasileira, devo dizer que Bolsonaro (a quem eu espero chegar a ver no cárcere) não deve nada a “Mister Trump” , como a quem o professor polidamente se refere. De outra parte, eu gostaria de viver para ver ao menos o pluripartidarismo aqui nos EUA. Já ajudaria um pouco.
Thank you Professor Wolff.
Thank you professor Wolff.
Prof. Wolff: Interesting show, I too question the powers that run our somodel. ciety. Your show is needed to be able to think, talk over things. It seems to me though that the scale of modern institutions is more our problem: Capitalism is only a piece, along with Chinese, Russians, Latin America, etc. systems of organization.
Employer and employee sounds so equalish
Comments for the algorithm
I really like the theme music.
Excellent work, Prof. Wolff! I appreciate the exploration of museums--I love them, and we need the workers who run them to be paid fairly.
You heard it here, folks.
💗🍃🙏
Could you do an update on europe? Maybe even the netherlands? I live there and am really curious about what you think its going. Cause i feel like its slipping badly. But i am no economy professor.
Very well said.
I really enjoyed this episode. Thanks for sharing Dr Wolff. Solidarity forever ✊
Thanks!
Bingo.
Test
🙏❤️🌎🌿🕊🎵🎶🎶
The athletes unionizing should get compensated in terms of paid housing and food on campus, tuition credits and stipends for career advancing seminars and events, rather than cash, as only a small percentage of all student athletes go on to be professional athletes. This won’t be a big bite percentage of student body wise for schools.
Спасибо за Ваши труды!
You know that's the sad thing about the human being and that goes for everybody all over the world you have to suffer enough everyone has to suffer together to push something through
Thank you prof
Thank you very much ❣️Greetings from CH🙏🕊️
Brilliant analysis as usual I have learned so much about class analysis from your lectures Dr Wolff
Shorpy - old photographs site dedicated to boy - greaser of mine rails.
What about the one trillion debt of USA federal government every 100 days from incoming taxes ?.
Hey leaf ya freakin mook lol,, let's talk about going to the bank to get a loan for a business......
Why do that? Why not save the money?
@@chuckleaf8027 I have enough money because I work,, however I want to start various businesses, using local people and diversified talents to cut into established supply chains for things like food and basic industrial commodities for small production business.... The problem with this from an established capitalistic viewpoint is that the profitt is initially realized in improving the community and established cooperative or socialist economic networks that can spread out and eventually encompass everything...... The problem with this is, that the bank wouldn't get their loan back since the object of the network of business I'm describing would eventually take the capitalist system down from below,, in other words all the profits would go into improving the business and none would go back to the bank..... And I don't think a bank would want to get in on a deal like that......
@@chuckleaf8027 I have enough money because I work,, however I want to start various businesses, using local people and diversified talents to cut into established supply chains for things like food and basic industrial commodities for small production business.... The problem with this from an established capitalistic viewpoint is that the profitt is initially realized in improving the community and established cooperative or socialist economic networks that can spread out and eventually encompass everything...... The problem with this is, that the bank wouldn't get their loan back since the object of the network of business I'm describing would eventually take the capitalist system down from below,, in other words all the profits would go into improving the business and none would go back to the bank..... And I don't think a bank would want to get in on a deal like that......
I see. So you're saying a bank won't loan money if it's pointless for them? That they would value the "profit"...ie better communities etc etc.. less than what they'd value the loaned money? I think you, and most other socialists, (gypsies, anarchists, pickpockets and addicts..).. think there's some way of improving man in general.. that if people would just do the right thing, like vote for commies...then the cloudy sky would open up...doves would fly...and Utopia would be upon us all..and we would all have a coke together and sing about joy, harmony and love.. (should I have said Pepsi??/)@@micnorton9487
Banks don't lend money for business start-ups...that would entail RISK...Michael Hudson
has explained this many times.
Thanks for this update. Capitalism is as capitalism does.
Good news about the young students waking up to their need to unite and unionize.
It's called in house outsourcing?
...grande Prof. Wolff!!!...
Government distribute’s power!
😮
Love the CEO analogy.