Richard Wolff: The Economic, Political and Social Crisis of the United States
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- The Community Church of Boston: A Peace and Justice Congregation Since 1920
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Prof Richard Wolff spoke with Community Church of Boston on 4/4/21. Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and a Visiting Professor in the Graduate Program in International Affairs of the New School University, NYC. He is the founder of Democracy at Work and host of their nationally syndicated show Economic Update. His latest book is The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself, which is now also available as an eBook. It can be found along with his other books Understanding Socialism and Understanding Marxism at www.democracyatwork.info.
"Let me give you a few statistics, bear with me, I'm an economist... we do that sometimes." - Thank you Professor Wolff. 🙂
32:55
@@mab7175 On many occasion, Prof. Wolff does present solutions. On many occasions he simply presents his interpretation of the economic reality. Simply pointing out the sky is blue, trees are green and the temperature is rising - doesn't require "a solution". Also, humans need to accept that some situations do not have a "solution", especially situations that have been ignored, created, or are otherwise too far gone to do anything about - in any "rational way". Many of Prof. Wolff's "solutions" comes not from a concerted effort of a society, but from the chaos and misery - a solution is borne (Revolutions, Dark Ages, Wars, Atrocities). Prof. Wolff doesn't "call" for these things as a "solution", but rather as a historical truth seen throughout the ages.... a "solution" of a kind.
Wolff and others point out the solution(s) all the time - it's the "getting there" that's the problem...
@@mab7175 A stimulating read. Thanks for that. I don't fully agree - but I can fully appreciate your position. If we meet each other in the future dystopian hell hole forthcoming.. I shall share my bread ;-)
Thank you professor. Your clarity clears away the current fog of American discourse.
Professor keep up.u make sense for those
I lived in Vietnam during the two years of Covid. They are an amazing people living on so little and working so hard and are so happy. They putt putt about on their motorbikes and rub shoulders in heavy traffic, cheeky young women in ao dai skirts and motorcycle helmets and huge spectacles rub shoulders with scruffy males and run about working and shopping. I have photos of men carrying gigantic loads on their motorbikes through traffic. When they crash into each other, they help each other get up off the street and go their way. The Ho Chi Minh Stock Exchange, the Mc Donalds, Burger Kings and KFCs, the only real remnant of the west---they all have hammer and sickle flags hanging on their fronts, sometimes draped up and down the front of the building. I have photos, incredible photos of this strangely deeply religious culture, people standing outside churches listening to sermons at five am in the morning--syncretic churches that look like Buddhist temples, with a Buddhist drum inside and a huge last supper scene behind the pulpit.
I could find no priest here to baptize my grandchildren without a payola and a promise to raise them in Catholic school. This was impossible for me economically and their parents were indifferent.
Fr. Kim at the Vietnamese parish was happy to baptize them...so gracious. I'm still member there, but my husbands illness kept me close to home for years. Fr. Kim wrote me that "All things work together for good...even being unable to attend Mass.
I am impressed by their genuine faith in God's on the ground reality in the sacraments and in our everyday lives where almost anything can be sacrament if only we open our eyes.
Thank you for your comment....my parish people return to Vietnam a lot.
I can (and sometime, do) listen to Richard Wolff talk about this material for hours
@@mab7175 Hi, I think bringing the clarity of what is happening now is the first step for the change, I think he has clear that, what should come after is a revolution, a shift of the system. For that I believe are the people who has the solutions. Have a good day :)
@@mab7175 I see what you mean, in that case I think Richard Wolff put clear knowledge in a very digestible way, but there is no new magical formula from it. But I would be curious if you have good name authors that propose something tangible new :)
You explain very intelligent and fine for us,who have to understand our place in die society and who have to act
Professor Wolff, Thank you very much for the fair and impartial analysis for one to understand clearly. Dr.Jayanth Pathirana Attorney and the team from Lanka
"fair and impartial analysis" ------ ????????????????????????????
Not only are you a great teacher and lecturer, you are a humanitarian and believer in sharing the wealth. Your ideas will not go unheard.
You and Bernie should run for PRESIDENT and straighten out our Country ---- the clowns we have in Washington supposedly running our country ARE only thieves and scoundrels wanting to get RICH and FUCK !!!! We have to elect HONEST and ETHICAL people who want to run our country for the advantage of all AMERICANS!! TAX the RICH !!! NOW !!!! H
"Sharing wealth"? What if a man is lazy?
@@mab7175 GGGGGGGGGGGGGreat to hear from you. It might surprise you to know that I have invented an alternative economic model that challenges the capitalist economic system. It's called The Treatise of Teknomix and it will be published soon at Austin Macauley Pulblishers Ltd. I am offering this system like the Linus Operating System: free for anyone to tinker with and if possible construct the sytem that will carry us forward and address the inequality problem. I am sure my system will not make it to page 1, but it's a step in the right direction.
Thank you Community Church of Boston for presenting Dr. Richard Wolff! I've been listening to him for well over a dozen years.
Thank you, Martin!
@@CCBPeace
When I read the comments of people...
Many time I do NOT see them all.
Is not just here, but other Chanels too.
@@CCBPeace Fear, anger, and envy are antithetical to the Gospel of Christ. Have you considered presenting the teachings of Christ, or do plan to continue with Marx instead?
Absolute GOLD. This should be today's Bible.
This wisdom needs an ovation, and the highest accolades a country can offer to a citizen.
AMERICA IS MYSTERY BABYLON
You understand this is communism right? its not a dirty word Amerikanski!
@@AugustusOmega
No this is not communism. Hes saying stop the greedy corporation from fucking everyone over and paying the CEO 100 x a normal person's salary then not paying a cent tax on it.
Its destroying the US economy.
Can you see that?
Communist or no communist, the US economy is a lie.
And he wants to fix it, he doesn't hate his country, he hates the greed of the 1%
... so propose to rewrite the Holy Scriptures by adding Communism.
@@jaegertiger384
The first to coin “Let’s make America great again!” -
RONALD 6
WILSON 6
REAGAN 6
DONALD 6
JOHANN 6
TRUMPF 6
“THE NUMBER OF A MAN”
ONE AND THE SAME-SYMBOLIC OF CAPITALISM
AMERICA IS MYSTERY BABYLON
GORBACHEV (FIRST BEAST) IS ACTUALLY STILL ALIVE AND HAS BEEN PULLING PUTIN’S (SECOND BEAST) STRINGS ALL THESE YEARS! HENCE :
“HE WAS, IS NOT, YET IS”
“HIS DEADLY WOUND HAS HEALED”
(Are you old enough to remember the birthmark on “Gorby’s” head that looks like he was “killed through the head with a sword”?)
PUTIN WILL BURN AMERICA “WITH FIRE AND THE WHOLE WORLD WILL WAIL AND ASK WHO IS ABLE TO MAKE WAR WITH THE BEAST?” !
666 NOW BECOMES PUTIN’S NUMBER!
IT WILL BE COMMUNISM UNDER THE GUISE OF CAPITALISM!
JESUS WARNED OF THIS DECEPTION!
YOU MUST NEVER TAKE THIS MARK!!!
ANTICHRIST “WILL BE DESTROYED, BUT NOT BY MAN’S HAND, BUT BY THE BRIGHTNESS OF HIS COMING.”
REMEMBER-THE HARLOT “RODE” THIS BEAST!
(When Trump gets back in the White House, he will “CONFIRM” the Abraham “Peace” Accord he started in Isreal. Then he will proclaim himself God. ABOMINATION OF DESOLATION-then “sudden destruction”.)
“Watch therefore, and pray always that you may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man.”
Luke 21:36
You make some very valid truthful points. I’m glad it wasn’t heavily political, this as a whole falls on both political parties.
Both Parties are evil.
it falls on all americans, and if they don't get their act together and stand up to monopolists, then there's nothing a political party is going to do
@@davidlafleche1142
There is only one party, THE CORPORATE MASTER PARTY.
The inverted totalitarian corporate coup d’état is complete and the master corporate party won ! The coming overt fascist take over on the 8th of November will spark the 2nd US civil war!
@@thalesnemo2841 No, quite the opposite. All this chaos is meant to set up the Antichrist: By PEACE he shall destroy many.
This falls on capitalism and those who support it by voting in either party
I AM AN OLD MAN - I HAVE BEEN LISTENING TO YOUR PODCASTS FROM THE VERY BEGINNING - UNFORTUNATELY THE PEOPLE THAT MATTER - HAVE NOT …IT IS GREAT TO POSSESS WISDOM - VERY SAD TO SEE IT ALL GO TO WASTE,,,!!!
Me too an old man what a waste more people does not follow Wolff advice.
This man is a bitter institutionalized charlatan.
Hey old man. There’s a button that allows you to unstick your caps lock.
With inflation running at a four-decade high, Recession is now the ‘most likely’ outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I been reading of investors making over 250 k profit in this current crashing market, and I need a brief on how to achieve similar profits.
You’re right! The current market might give opportunities to maximise profit, but in order to execute such effective transactions, you must be a skilled practitioner.
Get yourself a FA. Mine is really helplng my portfolio maintain an unwavering and a progressive growth this red season. I’ve had about $ 120 k in proflts since April.
Latham, There's a decline in my reserve. lost over 12 thousan d this week alone. Can you link me up with your hand ler?
@@yolandagriffin2030 The handler I use is “Dawn Marie Gatti,” she's verifiable, so you could just look her up.
Such a great tip, it was eas y to find your ha ndler. Did my due diligence on her before scheduling a ca ll with her. She seems proficient considering her ré sumé.
There's a very useful new word: sopoec (social, political, economic). It' a good word to use to emphasize that all the three are interdependent!
Prof.Wolff speaks about the "self management", the sistem which was in power from 1950 to 1990 in Yugoslavia.His description is cooperation.
Prof. Richard Wolff and others with like minds should form a political party and go in for Senate and House Positions in the November General Elections. We need to get rid of these wolves and thieves we have in the US Congress and White House
A pipe dream. Even if the likes of Professor Wolff were elected to Congress, it wouldn't change the policies of the permanent government in Washington.
Well, the DSA and the SA do run candidates you can vote for in many locations. They even get elected despite relentless dishonest attacks by the two ruling parties.
No way will any other political party can come into being. The oligarchs, the top entrepreneurs n the military industrial complex will not allow that to happen. The politicians of all shades are already in the pockets of the military industrial complex.
How could anyone get elected without campaign contributions?
@@gsthree9534 small dollar donations from people. In our system of bribery, it's better for the citizens to be the one bribing the politician than the corporation or well to do. We desperately need public financing of elections. Money is not speech, it's bribery.
Democracy at work places, that is the issue, that is the solution.
The worker just works there why should they have a say in the business. They didn’t put up any capital.
Things can be better in the US....
But Dr Wolf is right... it ain't going to happen through the current ruling establishment...
Overthrow
Well said. I haven’t heard one of your programs in a while. It came up, so I thought I’d tune in. Glad I did. You give people like me, the poor, voiceless, unnoticed, unimportant people of the USA a voice. I lived in China for 5 years. I have my options about the place, but I do think there is a fire there lacking in most people here. That being said, I still believe in many of the people of the USA, if not always the masses and the system. People like me have seen that “to no avail” sign so often that I don’t think about the American Dream because I never knew it. I’m 2/3 Native American by the way.
one o' the few genuinely honest economists willing to bring light into the darkness o' unchecked greed. i have long appreciated Mr. Wolff's ability to distill his wealth o' experience and insight into our predatory form o' capitalism so that pretty much anyone listening with an open mind can understand. he is one o' a shockingly small handful o' voices in our wilderness worth listening to. too bad too few are willing to hear what he has to say - especially in DC (probably because they benefit from the brand o' capitalism which has been permitted to flourish here in this country) !
You are reformist and I say that because you look like you believe you can reform capitalism It all becomes crony capitalism because all the money goes to the top and controls the government
I have àlways respect wisdom of R. Wolff even though I have moved West.
By pointing out zillions on going events of __our predatory form of current existence__ does it mean also to be antidote and answer to the problem???
Richard Wolff is a fraud. He pretends that threats of violence against people who don't get a license to cut hair is capitalism. He disrespects the audience by positing that we live in a capitalist system, when it's obvious to any dispassionate analysis that our system in America is just LESS SOCIALIST than others.
@@richardayala6915 little child you post some b******* and you don't post a citation you don't show proof you don't know anything about economics about capitalism or socialism and your typical capitalist sociopaths that's why you don't like Professor wolf
I get so much clarity whenever I listen to this man speak.
"so much clarity whenever I listen to this man" ---- said Red Riding Hood of the Wolf
Great lecture...says Hector Rodriguez school teacher for the past forty-two years.
...says Mao Zedong, also a school teacher for umpteen years.
Spot on brother.
The same phenomenon as Socialist Russia happened to the early Christians in Rome; they had networks of worker cooperatives and were free of the Roman strong arm, so Rome quashed the cooperatives because they needed the workers to come back and work for the Roman system; the coops were a threat to the slave system.
@Katheryn Yes!! The insiders who are holding high offices in our country and the world over have many more tools in their arsenal that everyone else.
Most of these people are in the highest offices in the country and in each Industry.
We are not fighting a political system, or governments. We are trying to find out who is in charge that can create such chaos from their leadership and who control all the levers.
They control it all!
So no one really knows the truth about anything, anymore.
Karl Marx spoke and wrote about Market Capitalism.
We hv Finance Capitalism.
Superb talk
A Economic and political realist
😊🏴☠️
its always a great pleasure to hear your wisdom professor
It is always a great pleasure to listen to you, professor Wolf.
Knowledge, wisdom and this rare fine quality of explaining complicated issues with such an ease that even I understand :)
Thank you for yet another brilliant lecture on things that power hungry politicians love to exploit to the maximum in their favour, pretending they know what they are talking about, or what's worse, they really don't know what they are talking about and just chose to throw everything in one pot, divide people while fear mongearing, and basically practice 3rd grade bullying of anyone who does not agree with their 'falsehoods' - I'm talking about Canadian Conservative Harperites / an equivalent of American Trumpists.
While I can't find any Canadian scholars talk about those important issues online, I value your online presence even more.
THANK YOU! Warm greetings from Canada! 💚
The Trudeau regime is no better, even worse in many respects...Trump is a horror, I agree, but Trump wasn't doing his best to end this world in mushroom clouds like the leaders at the moment...Both sides suck equally, don't be divided....
MAGA 2024
@@glrywins lol, on my interface, under your 'MAGA 2024' comment there is a 'translate with Google' link, and when I press it, it translates your comment to "YOU 2024". So 'MAGA' is 'YOU' in some language? That's wild. 😆
👍
Thank you, Professor Wolff.
Whoa，full of wisdom, Professor.
Agree with all of this except a few points which I'll outline..The standard of living in America has not remained the same in some sort of fantasy stagnation, maybe for life long professors, but not for the average person, it's in decline, free fall....The wars in Iraq and Afghanistan were remarkable successes, they were never meant to be won, they were meant to last forever so a small group of people could pillage the treasury..And there is no solutions for the collapse of this civilization, it's inevitable, as well as the collapse of the stable climate, biosphere(food chain), environment, the living planet as we know it....
Overthrow
Thank you, for taking the time and sharing your knowledge
A few years ago, I believed that people could cooperate to benefit all. I no longer believe this, now that the people have lost their minds and all sense of right and wrong. So , this story will not have a happy ending as we destroy ourselves.
I have come to the same conclusion. Seems to be the faith of all empires. History repeats itself.
A good dose of truth about the reality of our situation for the most of the citizens of this "democratic" society called USA.
What a BRILLIANT Man! 👍
We need your voice to educate our people, the truth !!!
This is why we need more leaders like Rep Katie Porter (California) and her whiteboard method of questioning corporate decision makers.
she needs to run for president
53 yr. old white American. Born and raised in rural areas and lower middle class.
I have never listened to this man before.
I knew I was ignorant and nieeve in many areas but now I'm dumbfounded! It seems that most everything I think I know about the country and the world is a lie. Wow!
Looking back on most of the comments I've made here on TH-cam, it's starting to leave me feeling embarrassed and ashamed. Ignorant people like me, must amuse those who really know what's up. Lol! My bad....
I think I'll start reading more and commenting less. I have far more to learn that I do to share.
Thank you sir, for enlightening me. Shift...👍
Shannon I just read your comment and you should never be ashamed. You should be honored and proud of yourself that you now are starting to learn history. Also very important to learn is about our change in climate due to men's activities. I personally was really happy to read your comment. This is a great history lesson, Dr. Wolff is amazing!
Thank you for a great 😂 about 🇺🇸 debts trapped..I kept hearing on the news that 🇨🇳 created debts trapped via BRI projects..At least the BRI projects are helpful to those underdeveloped countries that none of the Westerners including NA wanted to lending helping hands..I would love for you, Mr. Wolff to take a deep dive into 🇺🇸 healthcare nightmares systems and hopefully you are not drowning in it like peoples who are drowning in healthcare bills..Best wishes to 🇺🇸..😊..
These media often frames the so called debt traps set up by China, while not mentioning underdeveloped countries have very few choices in terms of borrowing from the west. China offers better deals for them. They might be poor, but they are not fools.
I have few questions about decision making, when people are not educated quite enough to make the right decisions away from exploitation of humans and environment. How would the workers know that certain decisions they vote on are not beneficial to them until they actually experience the damaging effects?The change at what we teach in our communities must be at the very beginning of this proposed change.
And this video Professor wolf made an excellent reference to dialectical materialism
That is your answer teach children critical thinking get them in the habit
Teach the children that expensive energy costs are a good thing and that they should ride bicycles more.
@@NathansHVAC how do those boots taste? The reason energy is expensive is because the oligarchs want it so
@@NathansHVAC “ride bicycles more” isn’t a solution to our energy crisis, decades in the making. It will touch every aspect of life as all gets more expensive. Need for community and resilient systems outside of corporate system are going to be vital.
Very true. It would have to start by educating the masses. Main issue tho will be who gets to decide what's right. Let's face it even educated individuals do not agree. What will solve the issue of mob rule. If all choices are made by majority vote what is to stop the minority from refusing to participate? How would any buissness effectively function if a vote is needed to do anything? if you elect those who make decisions are we now not at representative governance yet again? Professor Wolf brings up very interesting points but does not talk about the downside to his chosen method. As with any system of governance there are many. Which is why you see so much variety in systems of governance. Each system has different strength and weakness. We as a nation need to decide once again which good and bad we want.
The Wolff of Wall Street. I propose giving all the power and money to Wolff to re-distribute to us equally. He has such an honest face.
On the one hand, I agree with your points and even with your suggestions for societal change. On the other hand, I don't see this changing and would appreciate advice that I could practically bring to bear in my own life, ways that I can survive during the decline of capitalism.
buy a rental property
It starts with fighting for ALL of Americans n their families, to succeed together!! We must stop looking at us as individuals to start! Then read his book "The sickness IS the system"...for steps to take in this direction...🤠🇺🇸
Check out Chris Martenson’s channel Peak Prosperity. He talks about how to build resiliency and community, parallel systems to the declining empire.
IMO it's a good lecture by Mr Wolff, but can't see e.g. how the social cost will be more fairly distributed across the board, at least in the US in the near term. In fact things will likely get worse becoz those who can wield power at the top e.g. large biz corps and the plutocrats will quicken their desire to grab more before the pie gets smaller? Sigh 🙏🙏
He says it over and over again: taxing companies & oligarchs at a much higher rate than current tax laws allow. Also, stopping the subsidizing of fossil fuel companies & bigAg would free up billions to help in social policy. Unfortunately, oligarchs here have decided that they are not responsible for positive social re-alignment. Many right wingers would love to defund the IRS, so that tells you what their focus is: more and more wealth
@@brendanbrown8704 also the biz corps have gotten the members of Congress & Senate in their pocket? 😜😜
excellent points. spot on.
Thank you professor Richard Wollf sir. I absolutely agree with you what you explained.so i learned a lot from you i appreciate so much.
Thank you for validating my gut intuitions.
Richard help change the way I thought about myself. Thank you sir for educating me. I needed it❤
Incredible video thank you so much
Thank you! Glad you enjoyed it!
Thank you Professor.
The definition of England is so to the point!! Perfect!! Even their so praised, in the past, political class is now in tatters.
I disagree about the voting however. we have a duopoly run by the electoral college. there is zero chance the elite have to worry about the popular vote. that's a fact.
Chess not checkers, the set up is obvious but welcomed in a sick mannor..
Why do you disagree? Prof. Wolff just said that the way out is NOT electoral reform.
Except Trump. They worry about Trump.
Thank you!
It's darn incredulous!! TY
It would be far better if we democratically decided what work/jobs we NEED to have done and then make it financially worthwhile for people to SHARE those jobs and work much less....no more working and doing anything FOR money...no more an infinite growth system on a finite planet. No more useless jobs...no more bullshit jobs. ..just all of us sharing the jobs we agree we need to have done.
Wonderful , thank you for sharing your great insight.
fascinating proposition Wolff: a democratic economic system.
For some reason, people who never owned or developed business on their own risk, always assume that the business is turning profit. And good profit at that 😁 They've never weathered a storm, never went bankrupt, and always overestimated their contribution. They always know better than the owners, managers, their seniors, how the business should be run 🤣
Our government has chosen to enrich corporations that produce military weapons and intelligence gathering. It’s a choice! These corporations keep our leaders in office by funding their campaigns. The government could choose to do the right thing and invest in infrastructure, manufacturing, transportation and education but would lose the dollars (essentially bribes) they are getting.
13:52 "A society in the downside of Empire is a very different place from the society on the upswing towards its Empire peak."
Would like a guide book by Mr Wolff to help support the efforts of those of us who want to begin to turn it around for the common good, this country and the planet!
He does have a few.
Thank you very much. I learned a lot.
Richard wolf to finish my economic studies!!!!!!Thank you for your work!!
What if America’s superior medical system was the cause of the extra Covid deaths here? (Misused ventilators)
So yeah, this discussion is based on overly assumptive premises.
The government keeps bailing out the banks each month! However, the people are never bailed out because the government does not care about the people.
“The way to cure poverty is not through inflation, “share the wealth” schemes, and socialism, but by precisely the opposite policies- by the adoption of a system of private property, free trade, free markets, and free enterprise”…Henry Hazlitt.
@Chris Wen There is no ultimate goal or value other than life to which a person can pledge his allegiance, because there is no fundamental alternative other than existence or non-existence with which a person is faced. Life or death is it: A person either strives for self-preservation or courts self-elimination. In order to live, he has to pursue values; in order to die, he does not.
In China’s Tiananmen Square and in Guangzhou during the 60s and 70s were four large portraits of Marx, Hegel, Lenin, and Mao.
He loses all credibility when he refers to COVID.
WHY?
But Britain has managed to built an new economic system based on a series of banks where huge amount of moneys are stored to escape taxes in the countries where they should be payed and also where drug and crime money too ! Trillions of dollars !
$20 trillion to be precise. That is $300k of money management per UK citizen. A true service economy.
W I S D O M
W I S D U M B
We in the socialist Yugoslavia had this enterprise democracy. However, there was no responsibility because the communist party CEO's knew that the government would pump in money whenever needed. In the end, it all falls apart. If you have a system where the government CANNOT and WILL NOT help the enterprise in trouble, then it might work.
Until a dollar measures "utility" our economy will not be green. A dollar spent on coal-generated electricity is NOT equal to a dollar spent on renewable energy.
Hope Americans are taking notice there ending is coming.
China birth rate is 1.1. Can't run the world without babies.
I agree with Colin Broadbelt
Theyre not crashing Sir but shinking not only USA but Indonesia too... Truth.. Truth...keep moving forward with small economic Sir
when it comes to investing, we want our money to grow with the highest rates of return, and the lowest risk possible. While there are no shortcuts to getting rich, but there are smart ways to go about it
many of us don't know where to invest our money so we invest it on wrong place and to the wrong people
Talking about been successful. I know I am blessed if not I wouldn't have met someone as spectacular as ma'am Alexander Valentina
Yes I'm a living testimony of ma'am Alexander Valentina
she had really made name for herself
+14243
Isn't it ironic? The military weapons mfg are always profiting and yet a lot they produce is intended to self-destruct, explode etc.. You would think it wouldn't be a good investment. Au contraire, not in the US
When it comes to investing, diversifying into sectors based on their projected growth is Key. There’s no shortcut to getting rich, but there are smart ways to attain 500K $ returns; *get more information below*
Interesting, could you possibly share more hints or ideas. What are the sectors you engage in?.
@@theodorerossi7998 I engage in different kinds of prolific lnvestments- launchpad IDOs, ¢rypto, stock, NFTs, and multifamily real estates through proper planning and management of a widely known financial consultant, and so far the experience has been the best for my finances
How can we persuade the owners to let workers get into the Boards ?
Like the 3-point shot worsened basketball, well before that., credit worsened the American financial system.
Just because credit gives many upwards of $500,000 for homes, $85,000 for 2 or more vehicles and $15,000 for furniture and appliances.., doesn't mean employment or business(es) can afford the many to not forfeit them in non-payments of said credit loans.
What about the Flint water crises? It's been going on for years,and the former gop governor ,Rick Snyder got the charges dropped.
Thank you for taking the time to educate 🙏
Great speech. You make a lot of good points. What would you say to a person like me who doesn't want much and doesn't really want to have to cooperate with many people around them? I do not want bad for my fellow humans. But I also do not wish to participate with most of my fellow humans. The main reason for this is humans are flawed. And I do not wish to participate with others who are flawed.
👍💐
Limited view point.
The government sets the rule to play by not the board of directors. Such as government said high income over 1 million can not be deducted as business expense. So they in pay stock bonuses .
Jeff Besos created the most efficient company.
Corporations influence government.
10:15. Mr Wolff you know the answer to that question! The Soviets represented by Joseph Stalin refused to join the IMF and sign the Brent Woods agreement basically giving the Dollar world supremamcy as a world reserve currency.
It is ver thinkable and it should be put to the people..
I really hope the people are listening to you this time Professor Wolff, maybe they had to suffer a bit more to listen. They are now suffering acutely, they have to listen to you and they should realise that you are their saviour. The people have to dare to think and talk about these issues.
For publicly traded companies it should be democratic
It should be called the Gross Domestic Destruction of the Earth though.
Excellent program
So true. The second largest economy in the world is doing exactly the same. Like your narrative. Thank you.
It's scary how many undocumented people are coming across borders. with all the bad things happening in certain cities it's hard to see it not getting worse as times get tougher. What I see coming is marshall law and then we will wish we were anywhere else but where we are but I don't see how it can be avoided .it's like they want us to go through this with all the devided retoric out there.i hope I am wrong
Can you talk some more about government bonds? Is that how governments borrow from eachother?
Richard the economic, the political social crisis in the USA has been since the 80's . The only bountiful and great Days were in the 70's . Those days you could get a home for 11 thousand dollars or the highest was thirteen. Where in hell you can get those numbers now. I don't see a way of getting a promising future in the way. You and I know so is everyone else that this won't happen again. So Richard sit thigh and enjoy the ride so it's everyone else.
How about mandatory accounting/finance in the schools? That could have been done since Sputnik. It may be too late now.
Tell us the statistics on the annual depreciation of automobiles.
I love prof wolff
The only thing I don't understand is why you do not state WHAT happened in Iraq, Afghanistan, etc. to keep groups like Al Quida going. Its all done by and for the U.S. Its important for the general public to know these facts.
God bless you 🙏
Thanks Prof
this is what we call positive energy in Chinese
What Richard is missing is that the person who actually described this was the economist Joseph Schumpeter. His main idea was a concept of creative destruction. Meaning that as every new idea came to the forefront as a creative emergence, it also brought with it the destruction and dissolution of other former creations. Meaning that everything was being created and being destroyed, growing and being plowed under, simultaneously. So depending on where you're standing you see a new emerging technology, or you watch your business and your industry dissolve. Because this is the basic nature of energy and the universe. The rising and the falling, the creation and the destroying, the end and the outcome of the up and the down, are fundamental aspects of the flow of energy of which all matter and phenomena are based on.
I believe Richard was referring to Hegels 'Thesis Antithesis Synthesis dialectic'
@@olugbengajaiyesimi113 He was referring to Hegel. However I believe what he was really trying to address was a dynamic that had been better described by Schumpeter. The deep criticism that most snobbish socialists and Marxist have about capitalism is its destructive and corruptive power. What is missing from this analysis is the fact that, because of this destructive capitalism, the quality of life of every human being on the planet has been and continues to be elevated year after year. I don't believe that anyone who analyzes modern society and economics and international Dynamics talking about marks is ever going to get my positive attention. I went to UC Berkeley and every other class I was in one of the professors had us read about marks and I feel somewhat confident in my knowledge and understanding of marks both as a social theorist and as a pseudoeconomist.
Impressive point of view
I had to say something on the subject of advertising dominance of the U.S. I agree that the U.S. formerly held dominance in media distribution, however, today it seems to be a lost cause. Most U.S. media can not reach the vast majority of the worlds population, because quite simply, most of us can not afford to purchase the media. Long gone are the days of VHS, when you could record anything that streamed on television. Today we see a wholly different distribution chain, dominated by irresponsible tech companies, that force ( and i mean force ) licensing onto every intellectual property. This was not the case 40 years, or even 30 years ago. Today the popular ( government controlled ) media, does not reach almost 6 billion people around the world. Because of absolute greed, they hurt U.S. interests in the form of building friendly relationships globally.