Global Capitalism: War, Sanctions, Deepening Splits: Economic, Political, and Cultural [July 2022]
ฝัง
- เผยแพร่เมื่อ 12 ก.ค. 2022
- ***Join us on Friday, July 15, 2022 at 1pm ET for a special live digital event with author of Stuck Nation Bob Hennelly. Bob connects major themes of the book, Stuck Nation to recent events and takes questions from the audience via TH-cam comments.
_________________________________________________________________________________________
War, Sanctions, Deepening Splits: Economic, Political, and Cultural [July 2022]
In this lecture, Prof. Wolff will discuss the following:
1. Global economic splits: US/UK/Japan/Australia vs BRICS+
2. US political splits: inflation, interest rates, recession, stock market crash, deepening inequality, Democratic Party self destruction
3. Cultural splits: abortion, Miranda, church-state
*GCLEU is co-sponsored by @democracyatwrk and Left Forum. We make it a point to provide the show free of ads. Please consider supporting @Democracy At Work Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: / gcleu . Your contributions help keep this content free and accessible to all.
A special thank you to the following GCLEU Super Fans whose generous support makes this lecture series possible:
Aaron
Blake
BRUCE HUI
Cory
Ed Cook
Eliana McKee
Gabriel Akin-Odujobi
Harold
James and Susan Anderson
Anonymous
John Jones
Jonathan
Kimberly Hudnall Family
Larry Jennings
Mahmood Nooshi
Mary Marx
Mateen
Matthew Kleu
Michael DeFreitas
Nolan
Noms Chompski
Peter
Sharon Hanson
Sue Ness
Dan Stevens
**Special message/appeal to internet viewers: please help sponsor GCLEU: join our Patreon community at the $3 (or more) level at www.patreon.com/gcleu; become a monthly donor or make a one time donation to d@w by visiting us at www.democracyatwork.info/donate
_________________________________________________________________________________________
Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Visit: www.lulu.com/en/us/shop/richa...
“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at www.lulu.com/spotlight/democra...
_________________________________________________________________________________________
Follow us ONLINE:
Patreon: / gcleu
Websites: www.democracyatwork.info/globa...
www.rdwolff.com
Facebook: / democracyatwrk
/ richarddwolff
Twitter: / profwolff
/ democracyatwrk
Instagram: / democracyatwrk
DailyMotion: dailymotion.com/democracyatwrk
Shop our CO-OP made MERCH: bit.ly/2JkxIfy
Want to help us translate and transcribe our videos?
Learn about joining our translation team: bit.ly/2J2uIHH
![Global Capitalism: Challenging Capitalism [March 2023]](http://i.ytimg.com/vi/RkQgML6NtfU/mqdefault.jpg)
![Global Capitalism: Challenging Capitalism [March 2023]](/img/tr.png)
![Global Capitalism: China vs. US - System Rising vs. Falling [September 2022]](/img/n.gif)
This is the best education on American working class economic history by Mr. Wolff that you won't get in any college or university in this country or in any learning institution in the capitalist world.
Prof you the best, though I am in Africa, south Africa in particular, all thatc you talk about ring true, thanks for the best eduacation in economics and politics one has ever had.
More and more people are starting to understand that Capitalism is THE problem. Thank you, prof. Wolf, and please continue.
But getting rid of capitalism is the bigger problem!
Capitalism should be moving closer more and more to the Socialists; failure would result in political tensions.
@@nanatimothyayekusi9912actually i believe failure means violent revolution 😢. Anger is building rapidly, and its righteous anger.😊
For a recap of the economic and political history of what has been going on during the last 87 years, my lifetime, I could hope for nothing better than this talk by Professor Wolff.
"CAPITALISM! Careening around from one catastrophe to another." Indeed!
People like you Professor Wolff are essential in these times.
I hope everyone has a chance to view/listen Professor Richard Wolff
DEFUND THE DNC...
Prof. Wolff delivers an excellent presentation, perhaps his best, pulling it all together. I wish everyone would watch and listen to him carefully. These are disturbing times, to say the least. This lecture explains why things are falling apart and points a way out towards a system based upon humanity and care and away from greed, corruption, and war.
Spot on!
😢😢😢
Clarity is the quality of being easily understood. Thank you Richard.
I don't know why you're not on every network, but I also know why you're not on every network. I've watched most of your stuff. This is among the best videos I've seen. You're laying out things in a way that makes sense of things realistically. On that lex guy's show people said you were being dramatic, but in reality your show is 50 times more informative than a network program and as many times less dramatic
I don't know what your numbers say but I think your words and views are catching on. When my friends talk about how they feel about things I usually end up referencing a video you've made. It's rough out here man, people are cracking up and breaking down. They personalize their hardship as personal failures and I keep telling them to check your channel out
I even wrote to the McKenzie Bezos foundation or whatever about getting money for a community garden together. Something to provide aid to the community. Something to give a few jobs that provide a decent living and do work that makes a difference in the lives of those around them. A place with no means tests. A place for the community to connect with one another. Lol, if I hit the lottery that's what I'm doing with the money because they wrote me back saying the email I used was for people who wanted to give money
God speed and god bless
Best of luck to you, comrade.
@@profe3330 Wolf is a big traitor. He talks about "Socialism" but he has three companies on top of the the handsome retirement he is receiving!??
Robert felts I relate to you words opinions & views. I agree & enjoyed reading your comment.
Robert...I agree 100%
Excellent presentation as usual. The vast majority of the UK population does not know what is really going on and they have never heard of Richard Wolff. The system and the media want to keep it that way. We need you so much, keep up the good work Richard.
It's the same here in the United States. So many have bought the jargon from either the left or the right, not understanding that they are all in it together.
I Have watched this video 3 times already and each time I come away with something new. Prof wolf I look forward to your weekly videos and this breakdown is just icing!! Thank you. Keep doing this because more and more people are listening and waking up. Again thank you 🙏🏼
@goodthinking thinking Trump is just a single plutocrat, and not a very wealthy or savvy one at that. Not to say he's not dangerous in his way, but this is a systemic problem, not a problem of specific individuals like Trump. The only way to prevent Trumps is socialism.
Prof Richard Wolf is the greatest financial analyst of all time.... there is no comparison ..
i have followed you for many years. this presentation is one of the most lucid and valuable anywhere in this world. Many, many thanks.
Professor, your presentation is extraordinary clear and even for me (I'm from Mexico), I understood why my country of origin as my adopted country are in the present situation.
Thanks
I was somewhat swept up in this war, and appreciate the reminder that what we are seeing and experiencing is ultimately yet another struggle of a drowning and floundering capitalism.
The politicians in Ukraine know they have lost, but they are spinning it out for as long as they can, so they keep collect the cash from Uncle Sam. Now they want to double it up to $9B a month. The most corrupt place on earth and they are making off like bandits.
Indeed. I watch around me (here in UK) as people mindlessly flag-wave. This war is undoubtedly a crime against Ukrainians, but it's not without context. Wolff also explains how the political rhetoric as represented on media is quite different to the reality, and he reminds us that media skews our view on Ukraine, magnifies it, and omits the fact that most of the world either is nonchalant about it or are in economic partnership with Russia anyway. It's that neologism:
"Don't worry - what happens mostly happens without you."
We need to get a grip!🤣
It also allows us to see the suppression of our freedom, TH-cam shows there are two replies, it shows none, I suspect no one will see mine either as it's a criticism of their censorship.
Those who live by the sword die by the sword
All troubles are solved by free markets, and created by big government
One of the best talks you've ever done mr Wolff.
I watch every episode of Economic Update, and look forward to these long, monthly reports more than anything else on the internet. Thank you, THANK YOU.
This talk was ON FIRE! You encapsulate the contemporaneous circumstances with the long road of history in a connective way that strips away the veils and pushes away the fog to reveal the facts of the situation and why things are as they are. This heading towards destruction isn't by accident - it is a purposeful endeavor in which those making it occur seem to have no care in an insanely preposterous lack of self-awareness and self-preservation. And anything to maintain power and lucre over the mass of workers in so doing.
the reality of capitalism is frightening when you see the bigger picture brilliant video.
Professor Wolf's oratory is contagious, and those not "politically aligned" with him have no choice but to listen in awe to what he has to say. The current economic system with its serious systemic flaws has no escape from his well-documented diatribe as he illustrates them from the beginning to the end of his thesis. The "splittings" and the "distractions" are laid out in clear, everyday language for everyone to see.
Thanks for always speaking to the moment. It really is a weird feeling time and I often feel extremely stressed out about the future. Voices like yours make it feel less hopeless while remaining realistic
Professor Wolff always presents issues with truth and clarity.
Its nothing but his opinion. The only reason he does this is to market his books. He is a capitalist.
@@peterstafford4426 Then we are all because we all need to earn money to survive. That's unfair criticism.
@@martiendejong8857 Huh? All Wolf has is opinion. And a desire to sell his books.
@@hayin2041 He is always attacking capitalism - yet his videos are only made to sell books.
@@martiendejong8857 Its obvious.
Thank you so much for doing this extended episode of economic update, I wish there were people in the UK that did coverage like this as well.
When I listen to Richard I I'm always reminded of how much it really is OK to criticality look at this capitalist system that the whole world is deeply involved in here in the the USA we are NOT doing enough of that critical thinking we have become way to complicit and ignored
Bingo my friend. 2 decades of voting for war criminals is unconscionable.
Well done Professor! You clearly understand what’s going on. I pray your network grows!
Thank you, Professor Wolff. This really helped me. I've been in a kind of despair these last days.Your words impart hope. Keep going!
What an absolutely fantastic talk. I will share it.
We love you Professor Wolff!!!!
Thank you so much Richard on all your work on educating us. You're truly my hero❤
Prof Wolff, thank you for the wisdom Americans need so desperately. They are so mislead by our mainstream media & political leaders.
Right away I agree with Richard Wolff's viewpoint of war and how the working class are used.
Thank you so much for this wonderful explaining right to the core of the capitalism and the problem of today’s world 🌎
This is one of your best talks l have listened to Richard, as an active trade unionist and internationalist,
Solidarity to our brothers and sisters in the USA. 👏👏👍
Prof. Richard Wolff is among the best intelectual on economic impact and social problem that face the world 🌎 I am more than privilege to have been able to listen to a most respected genius pro. Richard Wolff. May God bless you Pro 🙏
Wow, I’ve been listening to your talks for the last few years, and this has got to be the best ever.
Thank you, Professor Wolff. That was an excellent presentation! A must watch for everyone but something the capitalists do not want people watching and learning! You make it so easy to understand even though it's complicated. Always a pleasure watching your videos and listening to your opinions! God Bless You, Sir!!
I'm french, I wasnt expecting to see a yellow vest here. Thx from France !
Why not? Prof. Wolff's family are French
@@4imagesmore Oh ok I didnt know that
So brilliant! Thank You Professor Wolf
Thanks for this great, long form, lecture
Tremendous
You'll find one of these longer lectures every two months. They are interesting.
@@dinnerwithfranklin2451 i wish the interviews on 'Economic Update' would go longer than 15 minutes, it's such a waste to have Prof Wolf and those many great guests have interviews condensed to such a short segment.. It's these extended sessions that we really get into the depth of the issues of the day..
@@LeeeerrrroooyJennnnnkins I have to say that I agree, in that I enjoy the longer segments. One explanation may be that the targets of the shorter pieces are are being introduced to these ideas for the first time in many cases and it could get overwhelming for them. Seeing as it is counter to the narrative we've been consuming our entire lives.
I'm reminded of a video I watched recently. It was by an American living in Asia and he was explaining some positive actions by the CPC and I was physically uncomfortable. The only thing I can credit that to is that it ran counter to the propaganda I've seen my entire life.
I noticed the discomfort and finished the video then thought about it but realized that this is perhaps one of the hurdles that the Professor has to overcome with newer viewers.
Sorry I rambled.
@@dinnerwithfranklin2451 that's really interesting. and it is impressive that you were alert to make the connections
Prof. Wolff, One of your best lectures yet. We'll done, sir. All those years of hard work is paying off. We shall overcome.
This is the best ever and worthy to listen to.
Thank you very much Prof Wolf for such an outstanding awesome speech!!!
The Wolff of Main Street! Thanks for the upload.
🏆
He’s not from Main Street, he’s a very wealthy white man from elite institutions.
This was an excellent presentation and explanation of what is going on these days.
"Capitalism plants the seeds of its own destruction." Karl Marx
Great job. Excellent speech.
This should be mandatory viewing for everyone in the US.
The only thing missed is talking about imperialism and hyper extraction from the global south to the north .
Really informational. Thank you.
Excellent lecture, thank you!
Your presentation perfectly communicates what our situation is, thank you Professor Wolff.
We have to build a System in which nobody can be (economicly) rich, but in wich everybody can live like a human being. Thank you Professor Wolff. Schöne Grüße aus Deutschland!
Profesor R. Wolff. su presentaciom de los problemas es brillante, la claridad y la descripcion de los ultimos 70 años de USA, Europa y los conflicto y crisis politicas y economicas es perfecta. Muchas gracias.
I'm proud of my 7th Grade Spanish teacher. She did a fantastic job. I read the comment above, without need of a translator. Just popped by to brag! Screw you if you criticize the brag. Everyone needs to strut once in a while.
Also, totally on point, leopoldo capparelli. Hard agree.
I wish everybody can just listen to your lecture, just listen and make up your mind, left, right or center
Prof Wolff I really appreciate your videos !!!
this must be one of your best talks. it's as clarifying as hell. thank you.
Truth prof.
A most powerful and enlighting lecture. Hope all Europeans will view it, and decide where their best interest lie. Surely its not with the US that caused and manipulated the Ukrainie war to the detriment of the Europeans.
A select group of people within the US government wanted this war to happen. It helps distract people and energize them to oppose a common enemy. Putin wants to invigorate the productivity of BRICS countries.
This is what our political leaders should hear & have a think tank about.
The trouble is: the political criminals don't listen to us and won't think in any terms other than greed and war.
Spot on Prof, wraps it up nice and neat.
Very nice work, thank you so much.
I wish I could explain these issues half as succinctly as Prof. Wolff. This guy just hits home runs for years. I should have went to UMass Amherst when I graduated.......
So excellent!! I learn so much from Dr. Wolff.
You are so right. We have no beef with them. Thank you for all you do Professor Wolff. I knew something wasn't right. Just didn't make sense. Now it does. Thank you for the free education.
Cheers epic man. Thanks for being awesome!!
Thank you so much, Prof. wolff for your inspiring and enlightening presentation on capitalism. I'm looking forward to your other inspiring videos. I keep my fingers crossed for your good health and happiness!
WOW DR. WOLFE YOU HAVE ONE OF THE MOST IMPORTANT VOICES OF OUR TIME, ONE DAY SOON THEY MAY COME FOR US BUT IF THEY DO I WILL DO MY PART TO STAND FOR FREEDOM!!! YOU ARE A GREAT TEACHER BECAUSE YOU HAVE INSPIRED ME….GOD BLESS
Magnum Opus - Congrats On Making A Masterpiece
Your voice is a breath of fresh air in a stale room💯👌
Wow so much truth in one episode!! 👍👍
Classic Dr. Wolf . I take my hat off to you , sir .
Brilliant and accurate as usual. I continue to doubt if we have a population capable grasping the significance of this presentation.
Only because they are being manipulated, massively, into what you see is what you get. Eat it .
@@marywest6844 Manipulation is easy when dealing with simpletons.
You are LEGENDARY, Prof. Wolff...LEGENDARY!!! Another excellent current analysis & review of history...👏👏👏
Thank you professor Wolff!
THANK YOU Mr. Richard Wolfe
Excellent presentation!!!
You are right it is a war between capitalism but you need to define it as well it is a war between neoliberal neocon financial capitalism against industrial capitalism ! That is an important distinction !!
@Russ Ingram Agree!
A very well-constructed talk
I'm grateful there are prophetic voices like Richard Wolff, Noam Chomsky, Chris hedges, etc to remind us that the world is constantly changing and to prepare us for reality.
Chomsky's a bit too establishment for my tastes; if nothing else, his full-throated support of vaccine *mandates*, as opposed to support of *vaccination*, is deeply troubling to his image as a supposed critic of the government and support of liberty.
@@c99kfm Michael Parenti is also good
@@c99kfm lmao vaccination
Take a biology course will you?
@@GalacticNovaOverlord Parenti is a hack and genocide denier.
Thank you!
Wow! Professor! That was an epic program! One of the very best I've watched. Will there be a transcript? Spanish subtitles?
Recently Saudi Arabia, Turkey and Egypt have applied for BRICS membership; ditto Iran and Argentina who have already applied. So it is clear that the US/NATO empire is coming to a crashing halt.
Makes me question a lot of things. Thanks.
Fascinating presentation👏👏👏
You are my hero Richard.
GREAT TALKING POINTS PROFESSOR WOLFF AS USUAL SIR 💯👍🏾
Excellent talk. Learned a lot.
Wealthy Men ARE RESPONSIBLE for this War !
Great analysis
Excellent presentation. Need for immediate change of existing systems.
Good presentation, thank U
The last words "what is going on, is making for Professor being worried". The American people need to know the rich getting richer, the poor , middle class poorer. Socialist policies are the best policies. The system basically implements subsidies. There seems to be jealousy that people are asked to pay tax whilst implement this system. Meanwhile a lot of the wealthy use socialism themselves as well as pay little tax. Amazes me. I saw a guy in LA Hotel who told me in recent years his wage was US $7.25 an hour, I was amazed. How do people in USA survive or even have any sort of a life. ? Just so unfair, cruel what humans do to others, without conscience. The US is NOT a country I would want to live in.
Owner planet spirit is very important in professor Richard Wolff for world process
Well done Richard.
Awesome
never seen someone so calmingly mad hahaha great amalysis btw
Wonderful!
Well said
We in the west (I'm european) need to understand what world means and fast! For our own very much selfish good. Recently, I heard a journalist ask if the Declaration of Independence could not be the basis for the US to go into other countries to defend democracy?! How come does anybody can't understand that the Declaration of Independence, as much as every constituition in the world, are national/interior documents, not international law?!
So what system should replace the current capitalism model? Are you advocating for socialism and communism?
thank you
Thanks!