Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
@@harrisonmichael9636 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Sir Lucas S.Chamberlain last year at a startup funding event in Washington DC.
I've just retired recently and I must say I found this video informative and great to review. These psychological concepts are much more useful for individuals attempting to avoid mistakes than I realized when I was first introduced to them. This is probably why Warren Buffett talks so much about temperament being crucial to his investing success.
Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@lipglosskitten2610 The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
As a Communist, I took a rather perverse pleasure in visiting McCarthy's grave, standing upon it next to his headstone. Nice plot though, good view of the river.
@@Amadeus8484 I think the reanimation of McCarthyism by both sides of the aisle so they can hurl it at the guy across the aisle, will almost definitely sound like a pancake when it hits the floor. Plop. Then we can all take turns walking on it with our boots, stamping on that McCarthyite pancake forever.
@@Amadeus8484 Not sure what that's referencing in this context. I just know that for most regular humans on planet America, the political pageantry has decayed to a level of acting below third graders lying about masturbating.
Thank you Professor! I live in a blood red state where poor people defend the wealthy right wing tooth and nail, clueless that they are not of their interest. Prof Wolff is brilliant at trying to teach these people the truth in layman's terms.
Now we've got these rich bastards fighting to block the student debt cancellation. Can't have poor people actually lifted out of poverty! Got to keep austerity dialed up to the max. If you're not living paycheck to paycheck, they're not happy.
Reforms are created by capitalists and the wealthy. The wealth capitalists created results in reduced working hours and better working conditions. While the USSR and Nazis were killing people unless they worked.
@@freetrailer4poor The capitalist classes and the wealthy fully understand that most, if not all social reforms they create contain within them the seeds of their own class' destruction.
Today in US Citizenship Application form, they asked if I belong to any Communist Party as if something that is bad. So I youtube it and got to this channel. Thanks almighty God
@@kirstinstrand6292 Indeed. So it's time for all the youtube armchair experts get up and grow a pair of balls like the French and actually make change happen. Too much hot air in these exchanges, but none of you have the balls to take the initiative. How many of you have a podcast and sit in front of a camera? People like Jimmy Dore has started something important. If average middle class hard working Americans don't want to be raped by their own government and the lobby, perhaps it's time to wake up in the USA. It looks like the United States of Hypocrisy, and most just sit there......
@@shanedurcan2805 our experimental government was supposed to be of, for, and, by All the People. hard to believe when it was founded by the male people, of the christian people, for the white people. it's a long hard road back from that shit. but you're right - now, we have a better www.ay. (almost funny to watch the skert rich jackals still tryna use old school, mein kampf propaganda like i ain't got google) "they who have put out the Peoples' eyes, reproach them of their blindness" Bezos and the boys are some sickass bastards. their greed is pathological. how could you grab that much $ and watch your brothers and sisters suffer while the whole damn country, nay, the world goes down the toilet? oh, yea, they ain't got no friends now do they? anyway, they want us to get in the street so they can pick us off. uh, No. ain't gonna play your game. you gonna play ours. we know what you cherish. that's the thing about criminals - they're dumb. they think crime pays. and they just can't slide us off a fair deal. we humans require food, water, shelter, health, and a job that pays me a little more than just enough to get back to work tomorrow. it starts with health. if you don't have good health, you have nothing. and food is the first medicine. this spring, i think we should start with food boycotts. don't buy any of their nasty factory eggs for a month. bet you can find local good eggs if you need em. or get you a few layers. then, don't buy any nasty yellow chickens for a month. remember yummy pinkmeat yardbirds that you don't have to overspice. so plan ahead. start filling your freezers a little at a time over the next coupla months with birds, beef, and, bacon because those poor piggy factories and beef feedlots got to go. support your local producers or put in a little victory garden. even if you live in a small place, you can plant a pot with 'cherry 100' tomatoes or a bucket of potatoes. and can we please boycott sody pops for a month(forever)? you know you want to. you know that's why we're fat. that'll get their attention! and this healthcare situation is already in triple overtime, doncha think? every unhoused person i know (9 of my friends), is because of health problems. if you fall ill or have an injury, you lose your job, you're done for. tying healthcare to a job is a dirty trick. we already have a medicaid/medicare system. we have healthcaredotgov and all they gotta do is send a card to anyone who requests one. then maybe they can manage to fix the supply side. ya know, like all the other shithole countries do. then the insurance corp(ses) can go pound sand. the thing to remember about healthcare is that there will never be enough money for everyone to have all they want, but we can help everyone with what they need. what would it be like if healthcare providers got to practice medicine instead of insurance. when someone needs help, you give it to them period. so everyone that can should go make a M4A sign, put on your yellow vest and go hang out around all medical centers (if you can find one open) all across the country all day everyday until they do it. if you're in a wheelchair or one of those wheeled beds, roll out! take your crutches, canes, and iv poles. do it in shifts. if you're a healthy youngun, take your phone and go hold a sign for your mama or uncle for a few hours a week, could you please? this should be an easy and huge Victory for us. we need it now. when we get good food and healthcare, we will have the energy and confidence to begin to tackle the big problems we face. i'm sick of hating my sisters and brothers. i'm sick of killing and bombing innocents in my name. i want to be proud to pitch in my taxes to make a good world where children on the other side of our beautiful blue orb aren't scared of blue skies. i'm sick of watching the weather change and i want polar bears in my world and whales in the oceans. everyone's life is precious because we are all threads of the warp and weave of the fabric of this Life on Mother Earth. Peace
WOW!! For me this episode is THE most powerful one I've seen so far. That says a lot because I pretty much set my calendar for Mondays when Dr Wolff brings this fantastic program to TH-cam. THANK YOU DR WOLFF!!! YOU ARE MOST DEFINITELY A HERO!! 👏👏👏👏👏❤❤❤❤❤
I love this guy, I get so pissed off listening to him call it the way it is, I have to go to the gym to work out. Righteous Indignation! Thank you Dr. Wolff, for motivating me to be a better person, you’re deserve a Medal of Honor in Economics. Sanders Wolff 2020!
There is nothing natural about economics, it is entirely a human construct. Economics = Ideology. It may be worth while keeping that in mind as you learn.
@@jeffsingleton88: ??? Assuming your post was correctly directed; 1) It's a 100% straw man, I did not say nor imply anything about Marxism and 2) do tell us about the part of economics that is not a human construct
Well said by Mr. WOLFF. The S and L rip off of 600 billion tax dollars in the 1980s by bank crooks like Keating of Lincoln savings is a good example gov and big money corruption. This big money corruption also corrupts labor unions to the detriment of workers.
I have a 1946 edition of Compton's Encyclopedia printed during the wartime Soviet alliance. With its positive articles compared with the damnation that came later, it's a valuable artifact part of showing how propaganda can be turned first in one direction, and with the Cold War, in another.
Me too. I'm trying to figure out how to wake up out of this military-grade, social engineering, multi-decade long, propaganda induced, history-cherry-picked, stupor, that has obviously been effective at many levels, in suppressing the basic narrative of the US citizens' common good. And so many US citizens go around speaking as if propaganda only exists in other places... sigh.
Build Public Transportation. So many American cities, their suburbs, surrounding region and whole states have little to no public transportation infrastructure. People are left to total automotive dependency. Maybe a little gentrified downtown gets a lightrail a few miles long - wtf does that do for anything? They need a whole statewide transit authority. Building regional and interurban rail networks, commuter rail in a cities suburbia, metro rail if necessary but if not that's okay (I say this because it makes people very hysterical for some reason), and trams/streetcars which is what lightrail basically is in and around city centres and surrounding urban areas (if you don't need metros a commuter network and a tram/streetcar network working together in tandem is a very good substitute in medium to low density cities). Construction and manufacturing jobs. Alternative to driving. Reducing oil consumption and CO2 emissions. Saving people money with convenient, frequent, and cheap transit.
in northern areas streetcars/trams are a BAD idea: i recall many times streetcars would jump their rails due to snow and ice build-up. s'okay, this can be worked around - electric trams are wheeled buses taking power from the buried lines or overhead lines. very capable. very good idea you have.
@@Scriptorsilentum They manage to operate trams just fine in Europe where it has been known to occasionally snow. "electric trams are wheeled buses" - that is not what an electric tram is.
@@tishimself126 I do. Its fine. But that is because I live in a country that has invested in public transit infrastructure instead of disdaining it and creating an automotive wasteland.
@One Of Those Guys *_Nope!_* I said *_illegal_* and I ment *_illegal._* *_Illegal_* as in you will be summarily interned & executed for not surrendering what is declared public property-- this includes the food you've hidden for you child.😐 *_Your euphemisms for dictatorship only works on college freshman😉_*
@One Of Those Guys 2nd If America is a mixed economy (and it is) all your protest are moot. What you are arguing for is a Dictatorship similar to the dictatorships of Venezuela. *_😬How's that working out for them?_*
Thank you; I have never heard it put so clearly. We might add that the generation that grew up in the fifties and sixties had to learn this history as if it were something completely new because the propaganda was like a blanket.
All nations need pragmatism. Not pure capitalism, socialism or communism. Just common sense for common good. Dont play up to or oppress any group of people.
I went to college in the early 1970's. I was able to put myself through by working part time. I took one $500 loan over the 5 years I was in school. My daughter was born 1979 and she graduated from HS 1997. She got great grades but didn't want to go into debt to go to college. Because now it took a full time wage, not part time, to pay for college. This was due to this.
I remember as a child in the 50's watching TV, I LED 3 LIVES, "This is the story of Herbert A Philbrick, who for 9 frightening years did lead 3 lives: citizen, communist, and counterspy." Oh I remember it well. The neighborhood children were telling me to hate jews and blacks, and TV was telling me to hate the communists (who seemed to embrace jews and blacks). But coming from a non-religious but culturally jewish home, I decided early that almost everything was bullshit and I better learn to learn. So I did.
And what would a people's revolution look like? Ownership is the key. Start buying up commercial properties, create cooperatives and non-profit corporations to provide the goods and services we want. Create housing corporations that rent a slightly above cost, which means those properties are no longer on the market and free from the rising prices. Employee owned companies can do anything a C-Corp can do and do it better. Democracy takes work and participation from many people to maintain. We have been lazy, letting someone else do all the work.
That was the fault of the USSR and Maoist China... they were probably more oppressive and killed more people due to political reasons than NAZI Germany. A distinction; USSR and still the China's People Republic isn't a republic of the people, but an aristocracy with a cheesy label of being leaders of the people. The people just obey, they don't vote. There was no democracy for the average person. Only for the aristocracy. IT was no different than other economic systems, and was no different that a tyrannical political system. Democracy with social construct is what needs to be explained.
I've seen some of those discriminated black-listed Communists and Socialists in my teenage years. They were the most free-thinking, clear-speaking, courageous and absolutely democratic people I have met. They were the polar opposite of the Stalinist bosses in the Soviet Union. Or of US establishment types. An American Socialism would have been the wonder of the world.
Narcissistic triangulation, turning one entity against another with demonizing. Thank you for the education; this kind of educating is critical right now.
I’m Australian. In Australia we have the Fair Work Commission which reviews the minimum wage for employees, annually. Employee Unions can have agreements with the employer which sets out working conditions & pay rates. I addition to paying the employees their wages, employers must made contributions to the employee’s’ retirement savings ( called Superannuation Find). This compulsory Superannuation Contribution is 9.5% of an employee’s salary. To prevent exploitation of labour, an employee can lodge a complaint to the Labour Court, if he or she is paid below the minimum wage.
A decent system with intelligent input wouldn't have poverty as an outcome for any human being. If you can't accept that fact, you've been dumbed down.
I start to feel really faint when I listen to this man... And this is coming from someone who knows a lot about the benefits of liberalism, Keynesian economics, etc. But I had no idea how much people had been persecuted, demonized, and finally destroyed. Everything about Today's America makes sense now.
* Thank you and bless you, Professor Wolff ! You renew my faith in mankind and have reconnected me with my (Socialist!) father's generation of the 20s and 30s! BRAVO !
Is it? It's more like a virus metastasizing everywhere!! That's all these old teachers know at State U., as they themselves were victimized back in the 70's and 80's by the teachers they had at State U., almost all inveterate America/self haters themselves!!
"... a job with benefits..." my hope is in future society this phrase will be considered vulgar and an indictment on the comparative barbarism of the times we live in today. The "benefits" that come with some jobs in today's world will in future, I am certain, be viewed as basic human rights.
Well said, however in the greater context of modernism we live in a corporate monopoly that has arisen since the 18th Century. America has been the proving ground and launch pad for the present international global corporatization. The left/right political paradigm has at least begun to unravel. My thoughts have for many years revolved around the idea that this system is a cultural manifestation based on perversions of ancient religions. Has anyone done any serious research into the modern era as a cultural manifestation rather than a scientific/technological phenomenon?
No one can deny China is a phenomenon of modern history . Basically, the political structure of modern China is rooted in the ancient monarchical style where there is only one centrist party but, in order to prevent the repetition of history in the fall of the dynasty, they adapted the communist system of changing the chairman whoever is the most able. But here is the difference between China communist system as compare to the other communistic system, China has in the meantime also adopted socialistic system and has also infuse a lot of capitalistic concept. In conclusion this is the strength of Chinese govt . They are willing to compromise their system as long as it will help progress the country and it is proven right, time and time again.
Thanks for all of your work! Have you ever considered having Michael Parenti as a guest? I don't know if he does public appearances anymore as he's been working his a$$ off for so many decades! But for me the two of you at the same time! That would be out of this world!
You've been on Thom Hartmann's show plenty of times whats ur take on Thom's devotion to NeoLibs like Hillary & Pelosi... I've never heard him discuss Marxism/w you. Is ur position like his in that FDR save Capitalism before it became savaged.
This is the internet at its best. A healthy society needs a variety and balance of rational voices. However, in mainstream media, we are just given noise, noise, and more noise.
Although I will probably ever lean towards a socialist ideology, this was a very interesting video. I am not sold on socialism, but good to hear both sides of the story.
Brilliant exposition of the origins of "anti-communism and McCarthyism and shedding new light and a different perspective on events that affect American society to this day. Bravo Prof. Wolff!
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
All of this happened in less than a year after ‘Catherine Morrison Evans’ told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
I graduated high school in the 90s and can remember very well all the changes that occurred. I joined the military and was the of the first class to be integrated with females and can remember all the problems it brought. I remember working for companies and at first there was still a little pride there but started to notice all the cousins being hired on to inform their relatives who was the managers of everyone else’s, discrepancies which stopped raises being implemented. I remember all the things being implemented that discouraged getting jobs done or working as a group to get things done quicker and more efficient was it less injuries then having my supervisors twist everything around when they needed a reason to get rid of me. Remember all the fathers who went through divorces been destroyed by the state just as I was with their significant other was lying their ass often in court and still got what they wanted leaving the fathers penny less in the states even took money out of that. I Remember going to war with all the people around me telling me that I was fighting for their freedom’s and thanking me for my service, Then being deployed to Iraq, with an incompetent command that was investigated and found to miss used over $7.5 million and that was before we left Iraq. I was even injured in Iraq and left in the green zone by my company command because I didn’t like how I thought they didn’t like that I’m wanting to help all the other companies out where you can people of Iraq. I return home with a severe head injury and I also found out that all the freedoms and liberties that people were so happy that I was fighting for had been signed away in the patriot act, with almost no backlash from the people at Home that I was supposed to be fighting for. Now I’ve lost my vision, My career and The military was done with me when I got back. People tell me thank you for your service and I almost don’t know how to respond to that because there wasn’t anything i accomplished That people thank me for. I didn’t protect freedom’s although I did make some friends in a country that I was told was my enemy I didn’t end up helping them in anyway I lost my career I lost my health and I can’t understand why people sound so crazy and can’t think for themselves. My grandparents were perfect by any means but there ability to change the country in the ways that needed to be changed their time was awesome. Yes there ideology could be somewhat course but they got things done and they were happy with what they created and today people create nothing, or even understand the basic concept city more civility is gone and for some reason people find it easier to hate today more than any time in history. And I think why people hate the most today which is worse than any other time is anyone who thinks different then they themselves. And anybody can be a saint for fighting for the wrong things, instead of fighting for good things.
Dr. Wolfe, don't forget in FDR's cabinet was Francis Perkins, who was a socialist and main architect of the New Deal, and Henry Wallace, a straight up socialist and popular leader. And it was the 45% debt of the GNP during the war years that had more economic impact than taxing the rich and corporations. Pouring money into the economy saved it, and extrordinairy debt did NOT hurt it. MMT.
Wow! An absolute wonderful explanation of how our country became the economic and social cesspool it is today. Thank you!
A Man I love to listen too
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
Trading with an expert has been the best way of making huge returns from crypto currency.
The common mistake we newbies make is investing without help and legit guidance from a professional.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.
@@harrisonmichael9636 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Sir Lucas S.Chamberlain last year at a startup funding event in Washington DC.
Trading is like a real time business if you want to win it, you need to be prepare for it. Markets are unpredictable, and you can't predict every.
I've just retired recently and I must say I found this video informative and great to review. These psychological concepts are much more useful for individuals attempting to avoid mistakes than I realized when I was first introduced to them. This is probably why Warren Buffett talks so much about temperament being crucial to his investing success.
Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@lipglosskitten2610 The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
@@kenanporubsky2122 How can I reach Catherine Morrison Evans?
Sadly, McCarthyism is alive and well in 2018. Another excellent video by Richard Wolff!
As a Communist, I took a rather perverse pleasure in visiting McCarthy's grave, standing upon it next to his headstone. Nice plot though, good view of the river.
McCarthyism backfired back then. Nowadays it has backfired even harder. I think Russiagate is the biggest media disaster since the Iraq War.
@@Amadeus8484 I think the reanimation of McCarthyism by both sides of the aisle so they can hurl it at the guy across the aisle, will almost definitely sound like a pancake when it hits the floor. Plop. Then we can all take turns walking on it with our boots, stamping on that McCarthyite pancake forever.
@@intricatic I am not against Accelerationism albeit I am much more in the Singularity camp than anything else.
@@Amadeus8484 Not sure what that's referencing in this context. I just know that for most regular humans on planet America, the political pageantry has decayed to a level of acting below third graders lying about masturbating.
Thank you Professor! I live in a blood red state where poor people defend the wealthy right wing tooth and nail, clueless that they are not of their interest. Prof Wolff is brilliant at trying to teach these people the truth in layman's terms.
I wish u lived in a red state with no whealthy right wingers
Now we've got these rich bastards fighting to block the student debt cancellation. Can't have poor people actually lifted out of poverty! Got to keep austerity dialed up to the max. If you're not living paycheck to paycheck, they're not happy.
th-cam.com/video/XH2XkZUM7BM/w-d-xo.html
What? An accident!!
We need to start jailing wealthy the french kicked them out
" Social reforms are never carried out by the weakness of the strong, but always by the strength of the weak. " Karl Marx
Merely a clever reversal of words.
@Hobo Sapien Logic(and previous examples) shows ME that the "weak" usually don't become strong; once oppressed; and that they usually die off.
@Doven Ro Galus professor Richard wolff is marxist by the way
Reforms are created by capitalists and the wealthy. The wealth capitalists created results in reduced working hours and better working conditions. While the USSR and Nazis were killing people unless they worked.
@@freetrailer4poor The capitalist classes and the wealthy fully understand that most, if not all social reforms they create contain within them the seeds of their own class' destruction.
Today in US Citizenship Application form, they asked if I belong to any Communist Party as if something that is bad. So I youtube it and got to this channel. Thanks almighty God
I remember that the Military had a form asking these very types of questions. . . but also they listed fascist groups too.
@@RichardCarlson-zm5bl
And when people respond yes to fascist associations, they say "hired!", probably...
you can be fired as a teacher if you belong to the communist party even in California.
@@jprec5174
Crazy. But not surprising...
@@jprec5174 and conservative out-of-staters habitually call it "Commie-Fornia"
Thanks for all you do my friend. Your voice is important.
Just empty words unless workers get behind Wolffes' words.
Vox Populi
@@kirstinstrand6292 Indeed. So it's time for all the youtube armchair experts get up and grow a pair of balls like the French and actually make change happen. Too much hot air in these exchanges, but none of you have the balls to take the initiative. How many of you have a podcast and sit in front of a camera? People like Jimmy Dore has started something important. If average middle class hard working Americans don't want to be raped by their own government and the lobby, perhaps it's time to wake up in the USA. It looks like the United States of Hypocrisy, and most just sit there......
@@shanedurcan2805 our experimental government was supposed to be of, for, and, by All the People. hard to believe when it was founded by the male people, of the christian people, for the white people. it's a long hard road back from that shit. but you're right - now, we have a better www.ay.
(almost funny to watch the skert rich jackals still tryna use old school, mein kampf propaganda like i ain't got google) "they who have put out the Peoples' eyes, reproach them of their blindness"
Bezos and the boys are some sickass bastards. their greed is pathological. how could you grab that much $ and watch your brothers and sisters suffer while the whole damn country, nay, the world goes down the toilet? oh, yea, they ain't got no friends now do they?
anyway, they want us to get in the street so they can pick us off. uh, No. ain't gonna play your game. you gonna play ours. we know what you cherish. that's the thing about criminals - they're dumb. they think crime pays.
and they just can't slide us off a fair deal. we humans require food, water, shelter, health, and a job that pays me a little more than just enough to get back to work tomorrow.
it starts with health. if you don't have good health, you have nothing. and food is the first medicine. this spring, i think we should start with food boycotts. don't buy any of their nasty factory eggs for a month. bet you can find local good eggs if you need em. or get you a few layers. then, don't buy any nasty yellow chickens for a month. remember yummy pinkmeat yardbirds that you don't have to overspice. so plan ahead. start filling your freezers a little at a time over the next coupla months with birds, beef, and, bacon because those poor piggy factories and beef feedlots got to go. support your local producers or put in a little victory garden. even if you live in a small place, you can plant a pot with 'cherry 100' tomatoes or a bucket of potatoes. and can we please boycott sody pops for a month(forever)? you know you want to. you know that's why we're fat. that'll get their attention!
and this healthcare situation is already in triple overtime, doncha think? every unhoused person i know (9 of my friends), is because of health problems. if you fall ill or have an injury, you lose your job, you're done for. tying healthcare to a job is a dirty trick. we already have a medicaid/medicare system. we have healthcaredotgov and all they gotta do is send a card to anyone who requests one. then maybe they can manage to fix the supply side. ya know, like all the other shithole countries do. then the insurance corp(ses) can go pound sand. the thing to remember about healthcare is that there will never be enough money for everyone to have all they want, but we can help everyone with what they need. what would it be like if healthcare providers got to practice medicine instead of insurance. when someone needs help, you give it to them period.
so everyone that can should go make a M4A sign, put on your yellow vest and go hang out around all medical centers (if you can find one open) all across the country all day everyday until they do it. if you're in a wheelchair or one of those wheeled beds, roll out! take your crutches, canes, and iv poles. do it in shifts. if you're a healthy youngun, take your phone and go hold a sign for your mama or uncle for a few hours a week, could you please?
this should be an easy and huge Victory for us. we need it now.
when we get good food and healthcare, we will have the energy and confidence to begin to tackle the big problems we face.
i'm sick of hating my sisters and brothers. i'm sick of killing and bombing innocents in my name. i want to be proud to pitch in my taxes to make a good world where children on the other side of our beautiful blue orb aren't scared of blue skies. i'm sick of watching the weather change and i want polar bears in my world and whales in the oceans.
everyone's life is precious because we are all threads of the warp and weave of the fabric of this Life on Mother Earth.
Peace
WOW!! For me this episode is THE most powerful one I've seen so far. That says a lot because I pretty much set my calendar for Mondays when Dr Wolff brings this fantastic program to TH-cam. THANK YOU DR WOLFF!!! YOU ARE MOST DEFINITELY A HERO!!
👏👏👏👏👏❤❤❤❤❤
I love this guy, I get so pissed off listening to him call it the way it is, I have to go to the gym to work out. Righteous Indignation! Thank you Dr. Wolff, for motivating me to be a better person, you’re deserve a Medal of Honor in Economics. Sanders Wolff 2020!
Prof. Wolff thank you for explaining things so an average guy like me can understand economics.
There is nothing natural about economics, it is entirely a human construct. Economics = Ideology. It may be worth while keeping that in mind as you learn.
@@luckylui3282 that's 100% false
Marxism is as materialistic as capitalism
Did he tell you that Roosevelt was nearly shot by a communist who thought all profit is evil?
@@St1kyFinguz did you know your "communist" was hired by Frank Nitti a Very capitalist guy? Don't BS me
@@jeffsingleton88: ??? Assuming your post was correctly directed; 1) It's a 100% straw man, I did not say nor imply anything about Marxism and 2) do tell us about the part of economics that is not a human construct
thanks for the history lesson professor wolff
Nicole h
Well said by Mr. WOLFF. The S and L rip off of 600 billion tax dollars in the 1980s by bank crooks like Keating of Lincoln savings is a good example gov and big money corruption. This big money corruption also corrupts labor unions to the detriment of workers.
Wow, you're a gem Prof. Wolff. Thank you for this segment. It's so timely, we're living this still.
This is the best 30 minute history lesson . Thanks
Thanks professor for inform us and for your contribution to our democracy.
Thank you so much for a very informative history lesson ,Prof. Wolff !
I have a 1946 edition of Compton's Encyclopedia printed during the wartime Soviet alliance. With its positive articles compared with the damnation that came later, it's a valuable artifact part of showing how propaganda can be turned first in one direction, and with the Cold War, in another.
Thank you Mr Wolff, for everything you do.
In my cabinet this guy would be treasury sec or fed reserve head!
I vote for Dr stephanie Kelton
And immediately he would dissolve the federal reserve
Thank you sir , you illuminate my way of thinking, for years i thought I was selfish to be critical.
Me too. I'm trying to figure out how to wake up out of this military-grade, social engineering, multi-decade long, propaganda induced, history-cherry-picked, stupor, that has obviously been effective at many levels, in suppressing the basic narrative of the US citizens' common good. And so many US citizens go around speaking as if propaganda only exists in other places... sigh.
Build Public Transportation. So many American cities, their suburbs, surrounding region and whole states have little to no public transportation infrastructure. People are left to total automotive dependency. Maybe a little gentrified downtown gets a lightrail a few miles long - wtf does that do for anything? They need a whole statewide transit authority. Building regional and interurban rail networks, commuter rail in a cities suburbia, metro rail if necessary but if not that's okay (I say this because it makes people very hysterical for some reason), and trams/streetcars which is what lightrail basically is in and around city centres and surrounding urban areas (if you don't need metros a commuter network and a tram/streetcar network working together in tandem is a very good substitute in medium to low density cities). Construction and manufacturing jobs. Alternative to driving. Reducing oil consumption and CO2 emissions. Saving people money with convenient, frequent, and cheap transit.
in northern areas streetcars/trams are a BAD idea: i recall many times streetcars would jump their rails due to snow and ice build-up. s'okay, this can be worked around - electric trams are wheeled buses taking power from the buried lines or overhead lines. very capable.
very good idea you have.
@@Scriptorsilentum They manage to operate trams just fine in Europe where it has been known to occasionally snow. "electric trams are wheeled buses" - that is not what an electric tram is.
Spend time on public transportation. It's a horrible alternative!
@@tishimself126 I do. Its fine. But that is because I live in a country that has invested in public transit infrastructure instead of disdaining it and creating an automotive wasteland.
High speed rail
Roosevelt took his basic plan for social services from Bismark's contract with the workers in Germany
which exists in expanded ways today
He wanted to buy off German workers
whose numbers were expanding due to
increased industry + increased interest in socialism.
I love this man!!
@louis foxwell It is a brotherly love. Don't get it twisted!
@louis foxwell he's not gay... He's just gullible
@One Of Those Guys You could have worker coops in capitalism.
😒Under communism all other forms of buisness would be illegal.
@One Of Those Guys *_Nope!_*
I said *_illegal_* and I ment *_illegal._*
*_Illegal_* as in you will be summarily interned & executed for not surrendering what is declared public property-- this includes the food you've hidden for you child.😐
*_Your euphemisms for dictatorship only works on college freshman😉_*
@One Of Those Guys 2nd If America is a mixed economy (and it is) all your protest are moot.
What you are arguing for is a Dictatorship similar to the dictatorships of Venezuela. *_😬How's that working out for them?_*
IMHO, this video should be shown on a daily basis in all our schools to be learned and NEVER forgotten.
#DamnedFacts
#BreakThe2PartyTrap
Thank you; I have never heard it put so clearly. We might add that the generation that grew up in the fifties and sixties had to learn this history as if it were something completely new because the propaganda was like a blanket.
Thanks for bringing the light in all these darkness and explain the real history.
All nations need pragmatism. Not pure capitalism, socialism or communism. Just common sense for common good. Dont play up to or oppress any group of people.
I went to college in the early 1970's. I was able to put myself through by working part time. I took one $500 loan over the 5 years I was in school. My daughter was born 1979 and she graduated from HS 1997. She got great grades but didn't want to go into debt to go to college. Because now it took a full time wage, not part time, to pay for college. This was due to this.
Honest and in favour of Justice for all. Thank you Wolf.
Thank you for doing what you do Dr. Wolff. Let freedom ring!
You're all an inspiration to us!
Very enlightening Prof. Wolff...
Richard Wolff is our professor...
I remember as a child in the 50's watching TV, I LED 3 LIVES, "This is the story of Herbert A Philbrick, who for 9 frightening years did lead 3 lives: citizen, communist, and counterspy." Oh I remember it well. The neighborhood children were telling me to hate jews and blacks, and TV was telling me to hate the communists (who seemed to embrace jews and blacks). But coming from a non-religious but culturally jewish home, I decided early that almost everything was bullshit and I better learn to learn. So I did.
Excellent video. I just found your channel, you have a new fan.
MARVELLOUS shut-open eye, straight to the heart!!!
Great Talk!!
This is Gold, I have watched this 3 times
brilliant as ever... thanks Prof Wolf.
Thank you Professor Wolff.
The economic prospective of American and world history that Professor Wolff brings to light is most enlightening.
very insightful and educational, thank you!
Thank you so much sir for giving us an insight and reviewing American history on economic issues.
And what would a people's revolution look like? Ownership is the key. Start buying up commercial properties, create cooperatives and non-profit corporations to provide the goods and services we want. Create housing corporations that rent a slightly above cost, which means those properties are no longer on the market and free from the rising prices. Employee owned companies can do anything a C-Corp can do and do it better. Democracy takes work and participation from many people to maintain. We have been lazy, letting someone else do all the work.
My 11 year old nephew is already being taught to equate communism with oppression.
Enslave the mind, enslave the body.
Socialism must rise or workers will suffer greatly...minimum wages are declining...robots, created for Capitalists.
Let him read Marx
That was the fault of the USSR and Maoist China... they were probably more oppressive and killed more people due to political reasons than NAZI Germany. A distinction; USSR and still the China's People Republic isn't a republic of the people, but an aristocracy with a cheesy label of being leaders of the people. The people just obey, they don't vote. There was no democracy for the average person. Only for the aristocracy. IT was no different than other economic systems, and was no different that a tyrannical political system.
Democracy with social construct is what needs to be explained.
@@jmitterii2 Everything you just said is 100% wrong.
I've seen some of those discriminated black-listed Communists and Socialists in my teenage years. They were the most free-thinking, clear-speaking, courageous and absolutely democratic people I have met. They were the polar opposite of the Stalinist bosses in the Soviet Union. Or of US establishment types. An American Socialism would have been the wonder of the world.
Well done !!!!!!!!!!!!
Narcissistic triangulation, turning one entity against another with demonizing.
Thank you for the education; this kind of educating is critical right now.
I’m Australian. In Australia we have the Fair Work Commission which reviews the minimum wage for employees, annually.
Employee Unions can have agreements with the employer which sets out working conditions & pay rates. I addition to paying the employees their wages, employers must made contributions to the employee’s’ retirement savings ( called Superannuation Find). This compulsory Superannuation Contribution is 9.5% of an employee’s salary. To prevent exploitation of labour, an employee can lodge a complaint to the Labour Court, if he or she is paid below the minimum wage.
A decent system with intelligent input wouldn't have poverty as an outcome for any human being. If you can't accept that fact, you've been dumbed down.
Once again my friend you bring light into a dark moment in our history! Well done!
Thank you Prof.Wolff!
I start to feel really faint when I listen to this man...
And this is coming from someone who knows a lot about the benefits of liberalism, Keynesian economics, etc. But I had no idea how much people had been persecuted, demonized, and finally destroyed. Everything about Today's America makes sense now.
Excellent Economic Update. Very, very informative. You won't get this in the MSM. This is exactly why I support your show.
*
Thank you and bless you, Professor Wolff ! You renew my faith in mankind and have reconnected me with my (Socialist!) father's generation of the 20s and 30s! BRAVO !
Brilliant. Are you paying attention, people!??
He who was Richard wolff professor arrived video camp last night on early.
Please send this to all of your friends. It’s the least we can do.
I'm going to start using the words robber barons.
this is a great video in this part of history, thanks so much.
Public school teachers should be allowed to show stuff like this in class to then discuss.
Is Marxism getting purged frum universities ?
Is it?
It's more like a virus metastasizing everywhere!!
That's all these old teachers know at State U., as they themselves were victimized back in the 70's and 80's by the teachers they had at State U., almost all inveterate America/self haters themselves!!
Dont send your kids to college,
keep them sane in the brain.
Excellent, thank you! Things are more complex, egocentric, than we can clearly see/realize. That is saddening...
"... a job with benefits..." my hope is in future society this phrase will be considered vulgar and an indictment on the comparative barbarism of the times we live in today. The "benefits" that come with some jobs in today's world will in future, I am certain, be viewed as basic human rights.
This should be redone with News paper clips and animations
Well said, however in the greater context of modernism we live in a corporate monopoly that has arisen since the 18th Century. America has been the proving ground and launch pad for the present international global corporatization.
The left/right political paradigm has at least begun to unravel. My thoughts have for many years revolved around the idea that this system is a cultural manifestation based on perversions of ancient religions. Has anyone done any serious research into the modern era as a cultural manifestation rather than a scientific/technological phenomenon?
Excellent analysis...
No one can deny China is a phenomenon of modern history .
Basically, the political structure of modern China is rooted in the ancient monarchical style where there is only one centrist party but, in order to prevent the repetition of history in the fall of the dynasty, they adapted the communist system of changing the chairman whoever is the most able.
But here is the difference between China communist system as compare to the other communistic system, China has in the meantime also adopted socialistic system and has also infuse a lot of capitalistic concept.
In conclusion this is the strength of Chinese govt . They are willing to compromise their system as long as it will help progress the country and it is proven right, time and time again.
I've always loved listening to Richard Wolff, but this show was exceptional! His passiion showing brightly
this guy is so appreciated by me
Eugene V. Debs 2020
Sir salute to you !
Thank you sir for bringing Crystal clarity to the inner I.
Thanks for all of your work! Have you ever considered having Michael Parenti as a guest? I don't know if he does public appearances anymore as he's been working his a$$ off for so many decades! But for me the two of you at the same time! That would be out of this world!
I agree that there should be a form of check and balance on capitalism.
engaging story-telling
Excellent
Did nit you learn this throughout your school days. Listen and rember.
Thank you from an American colony. (economic) Ken Bowd Canada
You've been on Thom Hartmann's show plenty of times whats ur take on Thom's devotion to NeoLibs like Hillary & Pelosi... I've never heard him discuss Marxism/w you. Is ur position like his in that FDR save Capitalism before it became savaged.
Hartmann is a child, a high school kid waving the pennant of the home team, which is his team only because his parents chose to live where they do.
This is the internet at its best. A healthy society needs a variety and balance of rational voices. However, in mainstream media, we are just given noise, noise, and more noise.
Great talk Richard
Although I will probably ever lean towards a socialist ideology, this was a very interesting video. I am not sold on socialism, but good to hear both sides of the story.
Thank you Sir
Brilliant exposition of the origins of "anti-communism and McCarthyism and shedding new light and a different perspective on events that affect American society to this day. Bravo Prof. Wolff!
Great video, a number of the most eminent market experts have been expressing their views on the severity of the impending economic downturn and the extent to which equities might plummet. This is because the economy is heading towards a recession and inflation is persistently above the Federal Reserve's 2% target. As I'm aiming to create a portfolio worth no less than $850,000 before I turn 60, I would appreciate any advice on potential investments.
There are many other interesting stocks in many industries that you might follow. You don't have to act on every forecast, so I'll suggest that you work with a financial advisor who can help you choose the best times to purchase and sell the shares or ETFs you want to acquire.
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you?
All of this happened in less than a year after ‘Catherine Morrison Evans’ told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
She appears to be well-educated and well-read. I just ran a Google search for her name and came across her website; thank you for sharing.
I'm in love with you Mr. Wolff. Figuratively that is.
Just plain WOW!
I graduated high school in the 90s and can remember very well all the changes that occurred. I joined the military and was the of the first class to be integrated with females and can remember all the problems it brought. I remember working for companies and at first there was still a little pride there but started to notice all the cousins being hired on to inform their relatives who was the managers of everyone else’s, discrepancies which stopped raises being implemented. I remember all the things being implemented that discouraged getting jobs done or working as a group to get things done quicker and more efficient was it less injuries then having my supervisors twist everything around when they needed a reason to get rid of me. Remember all the fathers who went through divorces been destroyed by the state just as I was with their significant other was lying their ass often in court and still got what they wanted leaving the fathers penny less in the states even took money out of that. I Remember going to war with all the people around me telling me that I was fighting for their freedom’s and thanking me for my service, Then being deployed to Iraq, with an incompetent command that was investigated and found to miss used over $7.5 million and that was before we left Iraq. I was even injured in Iraq and left in the green zone by my company command because I didn’t like how I thought they didn’t like that I’m wanting to help all the other companies out where you can people of Iraq. I return home with a severe head injury and I also found out that all the freedoms and liberties that people were so happy that I was fighting for had been signed away in the patriot act, with almost no backlash from the people at Home that I was supposed to be fighting for. Now I’ve lost my vision, My career and The military was done with me when I got back. People tell me thank you for your service and I almost don’t know how to respond to that because there wasn’t anything i accomplished That people thank me for. I didn’t protect freedom’s although I did make some friends in a country that I was told was my enemy I didn’t end up helping them in anyway I lost my career I lost my health and I can’t understand why people sound so crazy and can’t think for themselves. My grandparents were perfect by any means but there ability to change the country in the ways that needed to be changed their time was awesome. Yes there ideology could be somewhat course but they got things done and they were happy with what they created and today people create nothing, or even understand the basic concept city more civility is gone and for some reason people find it easier to hate today more than any time in history. And I think why people hate the most today which is worse than any other time is anyone who thinks different then they themselves. And anybody can be a saint for fighting for the wrong things, instead of fighting for good things.
Gracias
Americans deserve security and balance
Wonderful Information
Great video!!!!!!!!!!!!!!!!!!!!
Word.
Good Presentation. I wonder who pulled the strings behind this catastrophe without naming names.
This video gets me sooooooo fired up! 😡🤬 holy fucking shit!
Thank you 🌎✊🗽🌹
I would like to see a discussion between Prof. Wolff and Paul Cockshott :D
Excellently expounded.
Dr. Wolfe, don't forget in FDR's cabinet was Francis Perkins, who was a socialist and main architect of the New Deal, and Henry Wallace, a straight up socialist and popular leader. And it was the 45% debt of the GNP during the war years that had more economic impact than taxing the rich and corporations. Pouring money into the economy saved it, and extrordinairy debt did NOT hurt it. MMT.