I lost my job and home. I am camping out in a small, old travel trailer trying to get by on $200 per week and foodbanks. The brakes on my truck are going out. I have painful cavities I had saved up to get fixed this year. That money is gone. I don’t care about covid- nearly a million people die from poverty every year in the USA in a good year. My risk of dying from covid is 0.04%. My risk of death soon from poverty is 7 to 8 times of covid.
And this is _exactly_ why control of your government needs to be wrested back from the hands of the capitalists. There are countries which instituted a pandemic lockdown without exacerbating destitution because their governments are controlled far less by the capitalists.
Hopefully the USSR can come back. China is already teaching America a lesson, but they need another big socialist country to drill it in America's head.
@@kobemop the USSR cannot ever come back - the reactionaries rule all eastern Europe (people's minds included) - the only hope is for the USA itself to turn socialist
It is highly unlikely in short period of time. Russia now is a capitalisric country. Most of our indastreal complex is ether dismentaled, sold for junk or outdated after burthuasi contrrevolution of 1991. And most of working class is confused or do not recegnises them selves as proletariat whit this middle class nonsense. Theory is long forgotten. There for as for now propagandists from the left side are trying to explain through various media, internet for the most part the basics of theory and palit economics basecly from the scratch. And we need a reindustrialisation ialmost in all parts. That's a a hell of a work to do ahed. One thing I can tell you for shore. Anger is rising.
Takfa Azul: the last two debates show that the candidates never answer the questions anyway, they just use their “two minutes” to spew canned bullshit.
I have become a huge fan partly because your explanations are easy to understand and because you make sense in an increasingly corrupt/bs country. Thank you for all your videos and your economic updates.
@@anndelorge8451 Because I don't like echo chambers. I listen to what everyone has to say. It sounds like you just seek that which you want to hear. Sounds very disabling.
@@anndelorge8451 I've found that if I understand the reasoning behind what is being argued, it is much easier to identify the fundamental flaw. I think he takes the frustration a lot of people have when the economy is down and he fans it into hate by telling relatable stories that convince people that they are victims who aren't responsible in any way for the hardships in their lives because the 1% (or racial/ethnic/Jew/Lgbtq/social class/minority group) want to keep them down. To up the ante, he also works to convince people that if they don't have what they want, it is because the 1% is using violence against them to keep it away. Workers are enslaved because if they don't work, the business owner will force them to starve. If you think rent is to high and refuse to pay it, the landlord is forcing you to sleep outside where you could die. If someone begins to believe they are powerless victims and that a violent act can be committed by inaction, it's only a matter of time before they decide they need to take actions of self defense.
@@PCFLSZ The big flaw in your “understanding “ is that you are arguing for a concept of separation which leads to the entire capitalistic system of today which is where our country is now. (People working against each other where people can rationalize that they are superior to others) What i get from the Prof is a system /concept that benefits everyone as well as the planet. Of course a system like that doesn’t cater to those who need to feel superior.
voice of knowledge, history, empathy and Sanity amidst an insane US leader. These views take decades to seep in sometimes and maybe never for some. I find Prof Wolff the FRESHEST of AIR. Succinct. Passionate. Articulate. A RARE BIRD, grateful I'm alive during his time!
there would be no such thing as unemployment if we lived in an intelligent world that made it financially worthwhile for people to SHARE the jobs we actually NEED people to do and work LESS. Instead of world where people have to do anything FOR money.
a 20 hour workweek would nearly double the amount of jobs. That's why lowering working hours will never, ever be on the table in the US Empire. If there is no unemployment, wages will rise tremendously and keep rising, which is unacceptable to the so-called ruling class, who are really little more than servants to the whims of capital itself
Indeed, Capitalism and, in fact, the monetary market system of economics is anti-human, anti-environment due to its incentives for infinite growth, making profit and cyclical consumption. It is totally backwards to nature. A true responsible and ethical economy would use the RESOURCES we actually have on the Earth and advanced technology in order to provide the basics of survival for EVERYONE (you know: food, water, shelter, clothing, health care). We need to reinvent the idea of work, a job and a career anyway. What we NEED is basics and much of the world's people don't even have that. That should be #1. Work should then be what we are passionate about and in respect to nature. We should be sharing the workload because we should be strengthening our communities for everyone who lives there to have healthier, happier lives. Not working for "The Man" to get a bunch of fat cats richer than they should ever be in the first place.
vindictii that’s like saying it takes one too know one. We are them, doesn’t mean we can’t change. We want too. They don’t. That’s where the difference lies and that’s his point.
@@vindictii Corruption - using money or threat of violence to leverage your agenda. Can you fairly blame the corrupted for being so? There are many things that can been done to counter corruption. To name just a few: Public funded elections, term limits, audits, ombudsman, whistleblower protection, consequences like removal and banning of politicians if caught. Also can place the same rules on lobbyists. Sadly in global economy capitalists have another chip that Dr. Wolff did not mention. The ability to move. Move to a place that allows them to escape whatever the a certain government does to one that allows them to, say pay their employees less or abuse the environment more. So in order to counter this there needs to be a global movement of some sort that does not make this possible. Or things can been done to limit the movement. Point is society could be much better run if the government was put back in the hands of the people.
@@craigburghardt8604 using money to leverage your agenda is always corruption? I guess we can't donate to any politician then. Even taking time off work to protest has an opportunity cost so it is effectively using money to leverage an agenda.
"There was a crooked man, and he walked a crooked mile, He found a crooked sixpence against a crooked stile; He bought a crooked cat which caught a crooked mouse, And they all lived together in a little crooked house." Mother Goose
I was self employed and under the additional COVID rules, I was eligible for unemployment insurance. My business disappeared entirely, and yet I was denied. I have had no income since March. I have been limping along with the help of family who are themselves over-stretched.
m m The security state does make it difficult to stand up to the injustice but also, things just havent gotten bad enough for the general population to make a stand... as long as they can afford netflix and an xbox most americans arent going to do anything.
Every time I hear, “we’re in this together”, I want to throw up. The same eugenics apply in veterinary clinics. Customers are forced to wait outside in asphalt parking lots for HOURS in Arizona’s triple digit heat. The veterinary technicians come outside and interact with the customers and their pets in close contact. You never see the veterinarians. Only the techs. Not even when they take your money for their over priced services. They call you on the phone if they feel like it while you sit out in the parking lot. This continues even after the restrictions have been lifted. I am a vet tech but would never work in a clinic. Four years of college and two expensive certifications which must be maintained every two years at enormous expense and the best you can start at is minimum wage. Kids at Dairy Queen make as much licensed, educated techs. Has anybody told these vets that they are animal doctors and not heart or brain surgeons practicing at John Hopkins? They are insufferable to work with.
I heard the suicide rate for veterinarians is one of the higher ones as far as professions go. Did they include techs in those statistics I wonder? I hope things get better for you.
You are ALWAYS so right on! We the people need guidance and leadership. Please run for office. Public office...the presidency. You have the knowledge. You're a fantastic communicator. You have name recognition. You have followers. Be the leader we need you to be.
If only all economic systems were taught in schools worldwide. I have a degree in Economics, but never learned anything about Marx or Engels or socialism for that matter. Neo-liberal capitalism. That's it. I'm not happy about this at all. It's a failure on their part and the school was private and pricey. Logic, Ethics, Critical Thinking, and Philosophy should be required classes in high school. Capitalism is a religion it seems ... th-cam.com/video/X8a711iQkzE/w-d-xo.html
In the Corporate world the mantra will always be: "We are open-minded towards people who think like us." Also, forget about firefighters, social services staff and other Building and Constructions workers. The USA doesn't even have enough teachers to teach at its State/Public schools. God save America.
The government: "why did you let the whole entire financial system crash?" The banks: "Yeah! Why did you allow us to do that!?" Libertarians: "Answer the question, government." Socialists: "if the government is going to bail out banks and businesses, on a regular basis, in cash, shouldn't the government own them by now?" Libertarians: "REEEEE!"
Americans are so passively held in so magical spell of pain and misery. One if they organized and exchanged stories and ideas .... for change .... that's power.
Keep it up Prof. Wolf!!!! Agree unemployment in Europe is not as bad as in the US, but we can still do much better. I sense EU is ready to turn back to an even fairer social system if the opposition from countries like The Nederlands, which stop Euro bonds emission so poorer economies of the south could take better care of their populations, will fade away. This, in turn, will result in higher demand for the goods produced in the northern countries. This is what I call greedy to the point of stupidity... We have been sick in Europe for a long time as well. Things, in Europe too, have not been what the used to be for a long time already.
US median family wealth by ethnicity in US Dollars- White: 185K, Hispanic: 40K, Black: 25K, Other: 70K. You get the idea?! Source: The latest issue of The Economist magazine. The World This Week: Business.
If you didn’t file a tax return in 2019, you have to file on the IRS website to get the Economic Impact Payment ($1200), which is entitled to U.S. citizens, permanent residents and qualifying resident aliens who: Have a valid Social Security number, Could not be claimed as a dependent of another taxpayer, and Had adjusted gross income under certain limits. You can choose a paper check or direct deposit into your bank account. There are totally free online checking accounts, such as Ally Bank, if you don’t have one. www.irs.gov/coronavirus/non-filers-enter-payment-info-here
9:36 regarding that point, it's curious to see how Americans pride themselves of being an independent and free society of self-reliant individuals who need nobody... yet time and time again the American people find themselves at the loosing end of an interest conflict between the proletariat and the bourgeoisie. Meanwhile in Europe, which is often used as an example of societies at the edge of authoritarianism by the paradoxical capitalist "libertarians," their governments don't dare to stray too far from a Keynesian economic model because they are actually afraid that the European people might revolt... and they don't even have as many guns as we have. Makes you wonder who's actually more under the yoke of a few elites... I guess, just tell slaves that they are free and you may convince them.
His whole argument about government coming into private sector and competing is what I thought libertarianism was when I was younger. I later came to find out it’s not and Libertarianism in America is basically just conservative anarchism
Went to a blm protest the other day assumed it was full of liberals but then the main speaker started talking about how capitalism uses racism to divide the workers I yelled workers of the world unite and the rest of the protesters joined
I agree with most of what Professor Wolff says here; what he refers to as “systemic racism,” Peter Joseph referred to as “institutional violence” and I also seem to recall him referring to it as “economic terrorism.” The racial aspect of this discussion feels too much like pandering & it marginalizes essential workers who are white. Professor Wolff once said, “I am no more white, than I am an employee” & that includes all of us in this struggle. Please, if you make race a part of your narrative, you’re going to lose a lot of support.
Thank You Richard Wolf for being one of my TH-cam teachers. Stephanie Kelton, Warren Mosler and Steve Keen too. It would be great to see you all call for a paradigm shift economically based on the priorities of protecting humanity and nature rather than our current system that values greed and individualism so much that narcissistic sociopathy becomes a survival expression and winning trait.
Gives me the idea that the majority is experiencing Stockholm Syndrome. We grew up looking up to the oppressors that we learn to admire and love them. The second part was a different kind of eye opener for me. I've never heard Prof. Wolff discuss this topic. The idea that Gov't is fundamentally about enacting the Majority's will. The Majority are made to hate the Gov't, yet it's one of the most powerful tool they have at their disposal.
the whole pro-democracy anti-government stance is confusing, because where are you going to affect democracy without a democratic government? the workplace?
Yes, he is always suggesting to democratise the workplace. Corporations to be owned by all workers in them. Profits shared more equally rather than just CEO & shareholders
I'm not sure I've ever heard Professor Wolff rail against government as a concept. Corrupt government that is controlled by corporations and elite yes but government as a concept no. So I think it is fairer to say pro-democracy anti-oligarch controlled government stance.
He believes the current system we have is "socialism." It also basically devolved into "government bad, true capitalism hasn't been tried, we need free markets,..," etc.
@艾米 I'll correct the question... Where has it been tried with citizens that have prosperity and freedom that even begins to approach that of capitalist societies?
I admire you dear professor for your ability to communicate clearly what capitalism in the US is all about. I live in Scandinavia, I am currently unemployed, but I get $3.000 in unemployment benefits. Enough to live a decent live. We have strong workers unions here, 5 weeks payed vacation, health care and education for all payed through taxes. I pay 36 % of my income in taxes, which is not bad. The rich, of course, pay much more in taxes. Hiw come that people in the US are not interested in the Scandinavian model of capitalism?
INTRO MUSIC is a synclavier, or an emulation thereof. The Synclavier is a microcomputer-based 1980's hundred-thousand dollar synthesizer featured in the movie "Liquid Sky." Also featured on Laurie Anderson's "Mister Heartbreak." In 1982, I had access to one of those monsters. We don't hear that every day.
True, but you need to add those who don't have enough voting machines, those who's provisional ballots are destroyed, or those who's ballots are 'challenged' for some obscure reason, or those who are sent to the wrong polling station etc. Legally these people may have the right to vote but do not get to practice that right
On an unrelated topic, virtually every corporation proudly claims that they train their workers, but the truth is that more than 50% of all training is received by managers.
Trust me professor: in Italy no one goes to the streets to demonstrate against the government for reasons related to the problems of capitalism, indeed the Italians would tell you "We want more capitalism! Give us back Mussolini". If there is a population of people attached to the TV and the sofa, it is the Italians. Let us not forget that "panem et circenses" was invented in Rome
Great googa mooga! It must be Monday, that's when I get your show, because once again I may only concur with my favorite professor. As always sir I thank you for your clarity, your wonderfully calm logic and your ability to dumb it down without condescension. Love and gratitude, your pal Al. Peace.
I should have also mentioned I saw your heated discussion with Peter Schiff the other day and you handled it well almost causing Peter’s overdone makeup job to run. Loved it.
perhaps we should extend on what is covered by the word "government". In the real physical world that we live in, government is that which governs ie controls. In a capitalist state, the main force of control is corporate power. In a capitalist state, Corporate Power is the de-facto Government. LIbertarians are utterly clueless if they believe leaving corporate power where it is and destroying people's representation is reducing government. (umm .. Perhaps if you identify as a Corporation then reducing people's representation and influence would be reducing government. But not so if you identify as a Human Being)
Doesn't the same problem apply to anarcho-communism? They make corporations public instead of private (They are no longer privately owned), but they replace the state with syndicates/corporations.
I Advocate A National work stopage by our Country's essential support workers for a period of one week . This would be a wake-up for the banks and the. " Wall Street Corporation's and Their Money Managers .
Very interesting video. Are you trying to state that capitalists can be generous, principled and 'magnanimous'. It's important to note that within the political structures of western Europe - that many hold in high esteem - there are very important political entities that hold qualitative sway. These are the worker's parties, otherwise known as social democratic parties. These are still capitalist governments and parties but their existence can stay (within the framework of capitalism) the hand of their respective bourgeoisie.
So many older Americans are accepting of CAPITALISM and PLUTOCRACY that they don't believe they have alternatives. Socialism has been portrayed as "evil", some people are unwilling learn about the different types of socialism which work for the masses.
6:40 the governments in Europe taking 90% of your normal pay while you work the same hours? I would rather lose my service industry job and make 20% of my normal pay with unemployment and not have to work than have to continue working and only get 10% of my pay. What am I missing?
Appreciate the informative content @DemocracyAtWork, but you should seriously consider updating the the intro music and graphics. Especially the intro music. Boot the fake hip-hip beats. They're lame, and an insult to the real thing. Please do not consider this comment as trolling or "hating", but as genuine constructive criticism, because I love Prof Wolff's message and would love for it to be embraced by the masses. The People are ready to hear it. Cheers!
Speaking of government, TERM LIMITS for politicians and justices. Civil Servants already provide the enduring core of government, and worthwhile projects continue on as people come and go, and opportunities for corruption are lessened when there are no Career Politicians.
My country of the Netherlands is mass testing now we had a great start but, capitalism is in the way of us taking the right precautions as in most of the world. We are now sky-rocketing in corona cases this week 22000 new cases, we are all preparing for a new lockdown. Yes everything is free; our healthsystem is semi-socialised, unemployed get social security, we have an unemployment rate of 4,6% as of this month although it's rising a bit and most of the measures Dr. Wolff is talking about are taken here. Still there is continuous talk by most parties especially right and center-right (we have a multi-party parliamentary monarchy if you want to know more look it up or ask) of austerity bc of deficit spending while we have pretty much the lowest state debt along with Germany our biggest trading partner of the entirity of Europe. I personally find it amazing how people can be as brainwashed to actually believe in austerity, before this corona pandemic, business was booming here and still largely is (very important since we are mostly a trading nation). We don't have our own central bank anymore, well officialy we do but, they are unofficialy just a local office of the ECB (European Central Bank). America still has that advantage, also it has the advantage that it has the world's standard denominator in finance, concluding it shouldn't be and doesn't have to be as it is right now which is, excuse my French a utter and total freakshow. We would love to help, even Cuba and China offered help but, your goverment doesn't want it instead decides to spit the whole world in the face as it has continuously done for 4 years. If that cheetoh is re-elected we might go through WW3 before we solve all real issues. Going back to capitalisms limitations: we have progressive taxsystem which means the more you earn the more you pay. The problem is it's not watertight as any taxsystem is and reform because of corporate lobby, the current structure of the EU and world. The last 12 years we had a Neo-Liberal disaster bestowed upon us by our elected president who up untill Covid took a chopping axe onto our extensive social security (especially pensions and unemployment) and along a lot of measures our society has become; unhappier, more unequal, less tolerant, less secure and more uneducated. The latter because, they took a chainsaw too the education system where a chisel was needed. I could go on for longer but, I think most will catch my drift, dr. Wolff presents measures deemed impossible by most or blasphemy by others, I'd say if you truly think about them they are perfectly logical. I would like to end by saying democracy or not if the people force it on mass the oligarchy will end and will be forced to bend it's will to the Working Class. I believe that should be our goal. As a matter of fact it's the only way towards a livable, equitable and sustainable planet and society. I'll end with a slogan that's close to 200 years old: 'WORKERS OF THE WORLD UNITE!!' You guess who said that😉.
From the UK here. Love your work but you're wrong about the UK. I highly recommend looking up what this conservative government is doing and the inaction of the population. The government may not have the might of military or police, but they've got a rope around the working classes neck financially. Our NHS is on it's knees too after the government has been privatizing and cutting its funding for the last ten years in what's been brutal austerity after the '08 crash. They've literally given billions of pounds worth of tax payer money to their mates while we have one of the worst death rates in the world. They're purposefully underfunding local councils and threatening us with even more austerity. So sadly, no, we wouldn't just get out in the streets here in Britain. I don't know if a revolution is coming, but I'd have thought it would have happened a few years ago. Now we might just be waiting for a fascist leader as it only seems to be the cities that want socialism. Shit the conservative government has always stolen pensions and purposefully attacked those that can't stand up for themselves. Who has all the money now? The Boomer generation, and they're not only having their pensions stolen but this virus is being allowed to run around unconstrained and killing a lot of them. Gotta remember, the UK had capitalism first, practically invented it. We're a lot further down the road than America in terms of how well our government can beat us up without us noticing or retaliating. It really is horrible to watch. I mean shit, we have the lowest tax rates for business' in the G20 and next to no social security. Council houses haven't been built in over a decade so there's none left, young people literally aren't getting on the property ladder. Our country and a lot of its remaining middle class despise poor people and worship the elite. It's a sorry state of affairs. We're in the same boat, across the pond. None of this is unique to America. It's the whole world from what I understand
European Union prizes itself in being capable of competent and complex measures in difficult times with lots of highly educated technocrats working fulltime for effective solutions to keep people relatively safe in their jobs and life in general. USA on the other hand has simply no public infrastructure, capacity or will to deal with crisis like this pandemic. USA chooses to abandon its people, with the consequences we've all seen......
Things are about to get much uglier than I thought possible. I'm 79 years old and don't want to believe this but it is in our faces at this point. Like bail out the airlines before addressing the needs of the the people. Without some kind of plan to deal with the pandemic, we're in for years, not months, of hardships.
Really? But you voted for all this. You voted for the bailouts. You voted for the banks to steal our wealth. Don't say you don't like these things when you directly caused them to happen.
@@nonetaken7873 Exactly. If everyone was like me, things would probably be a mess. The fact is, everyone isn't and never will be like me and things are a mess. I think it is good for people to get involved thinking they can make a difference. Millions of people pray everyday and that makes them happy but I don't see anything changing with the exception of the preachers wealth. I voted twice in my life before realising the winners lied to me. So I prefer to observe.
Richard has done an excellent job manufacturing consent for the World Economic Forum's Great Reset. We Billionaires thank you for helping us to increase profits. 😀
If democracy is built on the principle of reaching a consensus than the establishment of an arbitrating commander in chief is undemocratic. Each office should be governed by a constituency of electable, designated experts.
Agree with most what the prof says. But I don't like the line drawn between capitalists and government as being completely different animals without explanation. In both cases you give the power to a small group of people who most likely have their own self interest above the public good and also both can be corrupted or bribed by external interested parties.
Question came to mind when mr, Wolff compared Europe's approach jobs to the U.S.'s. Ideally for any health experts reading this, but if you have an opinion - How much is the anxiety he focuses on contributing to the US death rate? Many of you are probably familiar with the concept of a positive outlook being an important part of, for example, cancer patients.
I disagree with Dr. Wolff on his criticism of "ranking". Any effective organization needs ranks. What's failing in capitalism is not ranking, but a ranking that's not based on expertise, but on wealth.
Those of us who know better have to take issue with what Rick said and emphasized about contributions into Social Security. It is one of the biggest political canards to suggest or paint the picture that the 64 million people receiving Social Security can expect to be put at risk because the massive failure by this disastrous administration to help keep people's jobs will devastate Social Security payments into the Trust Fund. That's not a dependency that is real. Why? Because no financial obligation of the United States government is dependent on tax revenues (of any kind) or even on borrowing through bonds and treasury notes. Let's be clear. As the monopoly issuer of its sovereign floating-rate currency, the U.S. government CANNOT GO BROKE, AND THERE IS NO DEBT THAT CANNOT BE PAID IN FULL BY PRESSING A FEW KEY STROKES ON THE TREASURY'S COMPUTER. To understand this further, everyone must listen to Professor Stephanie Kelton address this in the following video: townhallseattle.org/event/stephanie-kelton-livestream/?fbclid=IwAR2cYIroZmtoSwdkyBRrOvuuo8dUjXdfRPjKUoWBspwZZREWWlJrjAGv14c I strongly urge Rick to interview Prof. Kelton on EU, so that more folks can be disabused of the following myths and lies: ♦ The government doesn't have the money -- that's a LIE. ♦ What you want will increase the debt that your children and grandchildren will have to pay -- that's a LIE. ♦ Social Security and Medicare will go bankrupt -- that's a LIE. ♦ The government has to curb spending to balance the budget -- that's a LIE. ♦ The government depends on taxation and borrowing to be able to spend -- that's a LIE. ♦ The federal budget is like a household budget -- it can't spend more than it takes in -- that's a LIE. ♦ Too much debt means the government will go broke -- that's a LIE. ♦ The U.S. can't afford Medicare For All -- that's a LIE. The reality is that the foregoing BIG LIES HAVE BEEN GIVEN TO US AS EXCUSES FOR WHY OUR FEDERAL ELECTEDS DON'T WORK FOR THE PEOPLE, BUT INSTEAD WORK FOR THEIR DEEP-POCKET DONORS who are only interested in profits for the few instead of prosperity for all.
I lost my job and home. I am camping out in a small, old travel trailer trying to get by on $200 per week and foodbanks. The brakes on my truck are going out. I have painful cavities I had saved up to get fixed this year. That money is gone. I don’t care about covid- nearly a million people die from poverty every year in the USA in a good year. My risk of dying from covid is 0.04%. My risk of death soon from poverty is 7 to 8 times of covid.
Gertrude, stay strong! There are several TH-cam channels with tips, advice and ideas for lining in a car/van. 🙏🌺
Poor thing. Only way is to stand strong until you get to the light of the tunnel.
And this is _exactly_ why control of your government needs to be wrested back from the hands of the capitalists. There are countries which instituted a pandemic lockdown without exacerbating destitution because their governments are controlled far less by the capitalists.
How much do you need to repair the cavities? Maybe folks can help? I'd pitch in, for sure. Faith without works is DEAD.
The system has failed all of us working people.
Proletariat of the world unite! From Russia with great regards.
Hopefully the USSR can come back. China is already teaching America a lesson, but they need another big socialist country to drill it in America's head.
@@kobemop china has a state capitalist system, Prof Wolff explains this in his video about the USSR
@@kobemop the USSR cannot ever come back - the reactionaries rule all eastern Europe (people's minds included) - the only hope is for the USA itself to turn socialist
It is highly unlikely in short period of time. Russia now is a capitalisric country. Most of our indastreal complex is ether dismentaled, sold for junk or outdated after burthuasi contrrevolution of 1991. And most of working class is confused or do not recegnises them selves as proletariat whit this middle class nonsense. Theory is long forgotten. There for as for now propagandists from the left side are trying to explain through various media, internet for the most part the basics of theory and palit economics basecly from the scratch. And we need a reindustrialisation ialmost in all parts. That's a a hell of a work to do ahed. One thing I can tell you for shore. Anger is rising.
Fuzzy PlasmaCat China is not state capitalism
Instead of having a stooge like Chris Wallace conduct a Presidential debate, let’s have Professor Wolff 😎👍
Logan's Hot Rod & ...
Wow! I'll vote for that ;)
Agree!
The answer of the candidates would be very simple: "Uh..Uh...Uh".
Takfa Azul: the last two debates show that the candidates never answer the questions anyway, they just use their “two minutes” to spew canned bullshit.
A sharp college professor moderating two political big time stooges; yeah, that would really work.
I have become a huge fan partly because your explanations are easy to understand and because you make sense in an increasingly corrupt/bs country. Thank you for all your videos and your economic updates.
Really? I found his dissertations to be nonsensical and very biased. Tell me something you found easy to understand about his explanations?
@@nonetaken7873 I suggest you go elsewhere for what you want to hear. Why do you listen to him?
@@anndelorge8451 Because I don't like echo chambers. I listen to what everyone has to say. It sounds like you just seek that which you want to hear. Sounds very disabling.
@@anndelorge8451 I've found that if I understand the reasoning behind what is being argued, it is much easier to identify the fundamental flaw. I think he takes the frustration a lot of people have when the economy is down and he fans it into hate by telling relatable stories that convince people that they are victims who aren't responsible in any way for the hardships in their lives because the 1% (or racial/ethnic/Jew/Lgbtq/social class/minority group) want to keep them down. To up the ante, he also works to convince people that if they don't have what they want, it is because the 1% is using violence against them to keep it away. Workers are enslaved because if they don't work, the business owner will force them to starve. If you think rent is to high and refuse to pay it, the landlord is forcing you to sleep outside where you could die.
If someone begins to believe they are powerless victims and that a violent act can be committed by inaction, it's only a matter of time before they decide they need to take actions of self defense.
@@PCFLSZ The big flaw in your “understanding “ is that you are arguing for a concept of separation which leads to the entire capitalistic system of today which is where our country is now. (People working against each other where people can rationalize that they are superior to others) What i get from the Prof is a system /concept that benefits everyone as well as the planet. Of course a system like that doesn’t cater to those who need to feel superior.
voice of knowledge, history, empathy and Sanity amidst an insane US leader. These views take decades to seep in sometimes and maybe never for some. I find Prof Wolff the FRESHEST of AIR. Succinct. Passionate. Articulate. A RARE BIRD, grateful I'm alive during his time!
What an exciting time to be alive. Trump is not an anomaly but he is a symptom of the capitalist system that we have used since the early 1700s
there would be no such thing as unemployment if we lived in an intelligent world that made it financially worthwhile for people to SHARE the jobs we actually NEED people to do and work LESS. Instead of world where people have to do anything FOR money.
a 20 hour workweek would nearly double the amount of jobs. That's why lowering working hours will never, ever be on the table in the US Empire. If there is no unemployment, wages will rise tremendously and keep rising, which is unacceptable to the so-called ruling class, who are really little more than servants to the whims of capital itself
Indeed, Capitalism and, in fact, the monetary market system of economics is anti-human, anti-environment due to its incentives for infinite growth, making profit and cyclical consumption. It is totally backwards to nature.
A true responsible and ethical economy would use the RESOURCES we actually have on the Earth and advanced technology in order to provide the basics of survival for EVERYONE (you know: food, water, shelter, clothing, health care).
We need to reinvent the idea of work, a job and a career anyway. What we NEED is basics and much of the world's people don't even have that. That should be #1. Work should then be what we are passionate about and in respect to nature. We should be sharing the workload because we should be strengthening our communities for everyone who lives there to have healthier, happier lives. Not working for "The Man" to get a bunch of fat cats richer than they should ever be in the first place.
All jokes aside really like your stuff been listening to your speeches for years, thanks for the grim truth.
Grim half-truths. He just blames capitalism for all corruption. Not realizing that it takes a corrupt government to let capitalists run the show
vindictii that’s like saying it takes one too know one. We are them, doesn’t mean we can’t change. We want too. They don’t. That’s where the difference lies and that’s his point.
@@vindictii woosh
@@vindictii Corruption - using money or threat of violence to leverage your agenda. Can you fairly blame the corrupted for being so?
There are many things that can been done to counter corruption.
To name just a few: Public funded elections, term limits, audits, ombudsman, whistleblower protection, consequences like removal and banning of politicians if caught. Also can place the same rules on lobbyists.
Sadly in global economy capitalists have another chip that Dr. Wolff did not mention. The ability to move. Move to a place that allows them to escape whatever the a certain government does to one that allows them to, say pay their employees less or abuse the environment more.
So in order to counter this there needs to be a global movement of some sort that does not make this possible. Or things can been done to limit the movement.
Point is society could be much better run if the government was put back in the hands of the people.
@@craigburghardt8604 using money to leverage your agenda is always corruption? I guess we can't donate to any politician then. Even taking time off work to protest has an opportunity cost so it is effectively using money to leverage an agenda.
"There was a crooked man, and he walked a crooked mile,
He found a crooked sixpence against a crooked stile;
He bought a crooked cat which caught a crooked mouse,
And they all lived together in a little crooked house." Mother Goose
Real author was fauci.
A plaque for the ruling class...
Exactly!!! All of America Into the streets now! Support each other 🤗, instead of the establishment!✊🏻✊🏻✊🏻✊🏻✊🏻✊🏻✊🏻✊🏻 🦺 🦺 🦺 🦺 🦺 🦺
I was self employed and under the additional COVID rules, I was eligible for unemployment insurance. My business disappeared entirely, and yet I was denied. I have had no income since March. I have been limping along with the help of family who are themselves over-stretched.
I'm very sorry that you lost so much. Good luck my friend
Great way to describe how government is seen in the U.S. Socialist greetings from Canada.
Wow. This presentation was his best yet. I wish people could understand this and get together to change the system for the better.
Oh, we do have the muscle.
We've just been punished so badly that we are apathetic. We have become alienated.
m m The security state does make it difficult to stand up to the injustice but also, things just havent gotten bad enough for the general population to make a stand... as long as they can afford netflix and an xbox most americans arent going to do anything.
Ronald Reagan said "The government is the problem." That was the beginning of our long slide downhill to now.
and rise of china and 3rd world
Every time I hear, “we’re in this together”, I want to throw up. The same eugenics apply in veterinary clinics. Customers are forced to wait outside in asphalt parking lots for HOURS in Arizona’s triple digit heat. The veterinary technicians come outside and interact with the customers and their pets in close contact. You never see the veterinarians. Only the techs. Not even when they take your money for their over priced services. They call you on the phone if they feel like it while you sit out in the parking lot. This continues even after the restrictions have been lifted. I am a vet tech but would never work in a clinic. Four years of college and two expensive certifications which must be maintained every two years at enormous expense and the best you can start at is minimum wage. Kids at Dairy Queen make as much licensed, educated techs. Has anybody told these vets that they are animal doctors and not heart or brain surgeons practicing at John Hopkins? They are insufferable to work with.
I heard the suicide rate for veterinarians is one of the higher ones as far as professions go. Did they include techs in those statistics I wonder? I hope things get better for you.
??? Is veteranarian a metaphor that I don't understand?
I found the same in dental assisting years ago! We complained and got a nickel over minimum wage! I left!
The fundamental problem is government. From bad service to low wages, it's all caused by government meddling.
You are ALWAYS so right on! We the people need guidance and leadership. Please run for office. Public office...the presidency. You have the knowledge. You're a fantastic communicator. You have name recognition. You have followers. Be the leader we need you to be.
Keep going Prof Wolff. Your a great person.
We are a nation of gullible non-critical thinkers
If only all economic systems were taught in schools worldwide. I have a degree in Economics, but never learned anything about Marx or Engels or socialism for that matter. Neo-liberal capitalism. That's it. I'm not happy about this at all. It's a failure on their part and the school was private and pricey. Logic, Ethics, Critical Thinking, and Philosophy should be required classes in high school.
Capitalism is a religion it seems ...
th-cam.com/video/X8a711iQkzE/w-d-xo.html
In the Corporate world the mantra will always be: "We are open-minded towards people who think like us."
Also, forget about firefighters, social services staff and other Building and Constructions workers. The USA doesn't even have enough teachers to teach at its State/Public schools.
God save America.
Excellent podcast as always Richard, keep speaking up for those who have no voice.
The government: "why did you let the whole entire financial system crash?"
The banks: "Yeah! Why did you allow us to do that!?"
Libertarians: "Answer the question, government."
Socialists: "if the government is going to bail out banks and businesses, on a regular basis, in cash, shouldn't the government own them by now?"
Libertarians: "REEEEE!"
Professor Wolff just gets better and better! All Americans should be taught these things from the time they enter school to the time they finish.
"Give a man a gun and he can rob a bank, but give a man a bank, and he can rob the world." - Tyrell Wellick.
Professor wolff , Thank you . learned a lot everytime listening your speech .
Americans are so passively held in so magical spell of pain and misery. One if they organized and exchanged stories and ideas .... for change .... that's power.
Keep it up Prof. Wolf!!!! Agree unemployment in Europe is not as bad as in the US, but we can still do much better. I sense EU is ready to turn back to an even fairer social system if the opposition from countries like The Nederlands, which stop Euro bonds emission so poorer economies of the south could take better care of their populations, will fade away. This, in turn, will result in higher demand for the goods produced in the northern countries. This is what I call greedy to the point of stupidity... We have been sick in Europe for a long time as well. Things, in Europe too, have not been what the used to be for a long time already.
Make the government to run something like Amazzon to compete Amazzon, so Amazzon cannot extort people.
Free Julian Assange!
US median family wealth by ethnicity in US Dollars- White: 185K, Hispanic: 40K, Black: 25K, Other: 70K. You get the idea?!
Source: The latest issue of The Economist magazine. The World This Week: Business.
I never received a cent from the government homeless disabled no stimulus check no unemployment nothing I need company here on the streets nice
If you didn’t file a tax return in 2019, you have to file on the IRS website to get the Economic Impact Payment ($1200), which is entitled to U.S. citizens, permanent residents and qualifying resident aliens who: Have a valid Social Security number, Could not be claimed as a dependent of another taxpayer, and
Had adjusted gross income under certain limits. You can choose a paper check or direct deposit into your bank account. There are totally free online checking accounts, such as Ally Bank, if you don’t have one.
www.irs.gov/coronavirus/non-filers-enter-payment-info-here
9:36 regarding that point, it's curious to see how Americans pride themselves of being an independent and free society of self-reliant individuals who need nobody... yet time and time again the American people find themselves at the loosing end of an interest conflict between the proletariat and the bourgeoisie. Meanwhile in Europe, which is often used as an example of societies at the edge of authoritarianism by the paradoxical capitalist "libertarians," their governments don't dare to stray too far from a Keynesian economic model because they are actually afraid that the European people might revolt... and they don't even have as many guns as we have. Makes you wonder who's actually more under the yoke of a few elites... I guess, just tell slaves that they are free and you may convince them.
Thanks , one thing is sartin truth is hard to accept if you're on the wrong track , tell them to know for you to free your mind
As long as we have lobby culture, we can't have good democracy. Lobbying people make everything crooked.
Lobbying, definition: Legalized bribery.
His whole argument about government coming into private sector and competing is what I thought libertarianism was when I was younger. I later came to find out it’s not and Libertarianism in America is basically just conservative anarchism
Except that they don't riot in the streets like the leftist anarchists do.
Best video yet. Bravo doc.
We've been trying it your way for about 90 years Mr. Wolfe
Went to a blm protest the other day assumed it was full of liberals but then the main speaker started talking about how capitalism uses racism to divide the workers I yelled workers of the world unite and the rest of the protesters joined
I agree with most of what Professor Wolff says here; what he refers to as “systemic racism,” Peter Joseph referred to as “institutional violence” and I also seem to recall him referring to it as “economic terrorism.”
The racial aspect of this discussion feels too much like pandering & it marginalizes essential workers who are white. Professor Wolff once said, “I am no more white, than I am an employee” & that includes all of us in this struggle. Please, if you make race a part of your narrative, you’re going to lose a lot of support.
I listened to this podcast walking my dog. Its like you clearly explained something I've known for years now. Thanks Dr. Wolff
Thanks for your work
Thank You Richard Wolf for being one of my TH-cam teachers. Stephanie Kelton, Warren Mosler and Steve Keen too. It would be great to see you all call for a paradigm shift economically based on the priorities of protecting humanity and nature rather than our current system that values greed and individualism so much that narcissistic sociopathy becomes a survival expression and winning trait.
I PRAY GOD BLESS AN CONTINUE TO GUIDE AN MOLD AN SCULPT MR RICHARD WOLFF MIND AN EXTEND HIS DAYS .. ❤️💯👍🏾💪🏿
I'm so impressed with dr.Wolff and his wife dr.Fraad. i would love to see them speak.
Gives me the idea that the majority is experiencing Stockholm Syndrome. We grew up looking up to the oppressors that we learn to admire and love them.
The second part was a different kind of eye opener for me. I've never heard Prof. Wolff discuss this topic.
The idea that Gov't is fundamentally about enacting the Majority's will. The Majority are made to hate the Gov't, yet it's one of the most powerful tool they have at their disposal.
Great episode Professor Wolff
the whole pro-democracy anti-government stance is confusing, because where are you going to affect democracy without a democratic government? the workplace?
Yes, he is always suggesting to democratise the workplace. Corporations to be owned by all workers in them. Profits shared more equally rather than just CEO & shareholders
I'm not sure I've ever heard Professor Wolff rail against government as a concept. Corrupt government that is controlled by corporations and elite yes but government as a concept no. So I think it is fairer to say pro-democracy anti-oligarch controlled government stance.
Bingo.
If we in the EU had to pay for our own defense, rather than relying on the US, would we have money to do our social programs?
Your debate with Peter Schiff was good, please do more of those.
He believes the current system we have is "socialism." It also basically devolved into "government bad, true capitalism hasn't been tried, we need free markets,..," etc.
@@kobemop The better argument is, 'Government good, socialism hasn't been tried yet, we need government controlled markets?'
@艾米 I'll correct the question... Where has it been tried with citizens that have prosperity and freedom that even begins to approach that of capitalist societies?
Always a pleasure Prof 😁
Keep up the good work. I’ll be ready when the revolution comes
I admire you dear professor for your ability to communicate clearly what capitalism in the US is all about. I live in Scandinavia, I am currently unemployed, but I get $3.000 in unemployment benefits. Enough to live a decent live. We have strong workers unions here, 5 weeks payed vacation, health care and education for all payed through taxes. I pay 36 % of my income in taxes, which is not bad. The rich, of course, pay much more in taxes.
Hiw come that people in the US are not interested in the Scandinavian model of capitalism?
Truck drivers , grocery clerks , sanitation workers .
Wow! Good arguments as usual professor Wolff.
INTRO MUSIC is a synclavier, or an emulation thereof. The Synclavier is a microcomputer-based 1980's hundred-thousand dollar synthesizer featured in the movie "Liquid Sky." Also featured on Laurie Anderson's "Mister Heartbreak." In 1982, I had access to one of those monsters.
We don't hear that every day.
Little disdain for government to be observed when i.e. stacking courts is becoming such an issue...
The amount of traffic on this channel is a great source of hope for my sons future
Right on the money as usual Prof. Wolff.
Y’all out here recreating the book animal farm.
One of my favourite professors!😊
“Universal suffrage”, not everyone can vote though, incarcerated people don’t have that right.
True, but you need to add those who don't have enough voting machines, those who's provisional ballots are destroyed, or those who's ballots are 'challenged' for some obscure reason, or those who are sent to the wrong polling station etc. Legally these people may have the right to vote but do not get to practice that right
They also work to deny the vote everyone they can. They can even say that your signature looks fake.
@Harry Moorehouse Not for everyone it isn't. Only certain people face incarceration.
Great logic; great presentation; great truth!
Very true words , Prof . Wolff !
Spot on, Dr. Wolff.
On an unrelated topic, virtually every corporation proudly claims that they train their workers, but the truth is that more than 50% of all training is received by managers.
Trust me professor: in Italy no one goes to the streets to demonstrate against the government for reasons related to the problems of capitalism, indeed the Italians would tell you "We want more capitalism! Give us back Mussolini". If there is a population of people attached to the TV and the sofa, it is the Italians.
Let us not forget that "panem et circenses" was invented in Rome
You are wise, Dr. Wolff!
I wish I Knew of you and your work 40 years ago. And also of your wifes great work and insight.
Great googa mooga! It must be Monday, that's when I get your show, because once again I may only concur with my favorite professor. As always sir I thank you for your clarity, your wonderfully calm logic and your ability to dumb it down without condescension. Love and gratitude, your pal Al. Peace.
I should have also mentioned I saw your heated discussion with Peter Schiff the other day and you handled it well almost causing Peter’s overdone makeup job to run. Loved it.
Hi professor, does your book ship internationally? I'm living in Asia and would like to read it. Thanks
Don't buy it through Amazon
@@marjon888 why not?
His books are available through lulu on the Democracy at Work website: www.democracyatwork.info/books
It looks like it ships internationally.
I bought it and it was shipped to me really fast. I don't live in the US.
perhaps we should extend on what is covered by the word "government". In the real physical world that we live in, government is that which governs ie controls. In a capitalist state, the main force of control is corporate power. In a capitalist state, Corporate Power is the de-facto Government. LIbertarians are utterly clueless if they believe leaving corporate power where it is and destroying people's representation is reducing government. (umm .. Perhaps if you identify as a Corporation then reducing people's representation and influence would be reducing government. But not so if you identify as a Human Being)
Doesn't the same problem apply to anarcho-communism? They make corporations public instead of private (They are no longer privately owned), but they replace the state with syndicates/corporations.
People's Party is coming.
I Advocate A National work stopage by our Country's essential support workers for a period of one week . This would be a wake-up for the banks and the. " Wall Street Corporation's and Their Money Managers .
Very interesting video. Are you trying to state that capitalists can be generous, principled and 'magnanimous'. It's important to note that within the political structures of western Europe - that many hold in high esteem - there are very important political entities that hold qualitative sway. These are the worker's parties, otherwise known as social democratic parties. These are still capitalist governments and parties but their existence can stay (within the framework of capitalism) the hand of their respective bourgeoisie.
So many older Americans are accepting of CAPITALISM and PLUTOCRACY that they don't believe they have alternatives. Socialism has been portrayed as "evil", some people are unwilling learn about the different types of socialism which work for the masses.
6:40 the governments in Europe taking 90% of your normal pay while you work the same hours? I would rather lose my service industry job and make 20% of my normal pay with unemployment and not have to work than have to continue working and only get 10% of my pay. What am I missing?
Appreciate the informative content @DemocracyAtWork, but you should seriously consider updating the the intro music and graphics.
Especially the intro music. Boot the fake hip-hip beats. They're lame, and an insult to the real thing.
Please do not consider this comment as trolling or "hating", but as genuine constructive criticism, because I love Prof Wolff's message and would love for it to be embraced by the masses. The People are ready to hear it. Cheers!
Speaking of government, TERM LIMITS for politicians and justices. Civil Servants already provide the enduring core of government, and worthwhile projects continue on as people come and go, and opportunities for corruption are lessened when there are no Career Politicians.
29:04 Yet another mic drop moment from Professor Wolff.
🎤
My country of the Netherlands is mass testing now we had a great start but, capitalism is in the way of us taking the right precautions as in most of the world. We are now sky-rocketing in corona cases this week 22000 new cases, we are all preparing for a new lockdown. Yes everything is free; our healthsystem is semi-socialised, unemployed get social security, we have an unemployment rate of 4,6% as of this month although it's rising a bit and most of the measures Dr. Wolff is talking about are taken here. Still there is continuous talk by most parties especially right and center-right (we have a multi-party parliamentary monarchy if you want to know more look it up or ask) of austerity bc of deficit spending while we have pretty much the lowest state debt along with Germany our biggest trading partner of the entirity of Europe. I personally find it amazing how people can be as brainwashed to actually believe in austerity, before this corona pandemic, business was booming here and still largely is (very important since we are mostly a trading nation). We don't have our own central bank anymore, well officialy we do but, they are unofficialy just a local office of the ECB (European Central Bank). America still has that advantage, also it has the advantage that it has the world's standard denominator in finance, concluding it shouldn't be and doesn't have to be as it is right now which is, excuse my French a utter and total freakshow. We would love to help, even Cuba and China offered help but, your goverment doesn't want it instead decides to spit the whole world in the face as it has continuously done for 4 years. If that cheetoh is re-elected we might go through WW3 before we solve all real issues. Going back to capitalisms limitations: we have progressive taxsystem which means the more you earn the more you pay. The problem is it's not watertight as any taxsystem is and reform because of corporate lobby, the current structure of the EU and world. The last 12 years we had a Neo-Liberal disaster bestowed upon us by our elected president who up untill Covid took a chopping axe onto our extensive social security (especially pensions and unemployment) and along a lot of measures our society has become; unhappier, more unequal, less tolerant, less secure and more uneducated. The latter because, they took a chainsaw too the education system where a chisel was needed. I could go on for longer but, I think most will catch my drift, dr. Wolff presents measures deemed impossible by most or blasphemy by others, I'd say if you truly think about them they are perfectly logical. I would like to end by saying democracy or not if the people force it on mass the oligarchy will end and will be forced to bend it's will to the Working Class. I believe that should be our goal. As a matter of fact it's the only way towards a livable, equitable and sustainable planet and society. I'll end with a slogan that's close to 200 years old: 'WORKERS OF THE WORLD UNITE!!' You guess who said that😉.
Good video, I'm kinda motivated with it, I invested in bitcoin and it's favourable to me.
Investing in cryptocurrency is one of the best chance of making money 💸
@@user-jg2ke2cu9c you're right crypto is the future 🚀🚀
I wanted to trade crypto but got confused by the fluctuations in price
@Carla Hines Yeah
My first Investment with Mr Thomas Roger me profits of over $24,320 US dollars and ever since then he has Been delivering
From the UK here. Love your work but you're wrong about the UK. I highly recommend looking up what this conservative government is doing and the inaction of the population.
The government may not have the might of military or police, but they've got a rope around the working classes neck financially. Our NHS is on it's knees too after the government has been privatizing and cutting its funding for the last ten years in what's been brutal austerity after the '08 crash.
They've literally given billions of pounds worth of tax payer money to their mates while we have one of the worst death rates in the world. They're purposefully underfunding local councils and threatening us with even more austerity. So sadly, no, we wouldn't just get out in the streets here in Britain. I don't know if a revolution is coming, but I'd have thought it would have happened a few years ago. Now we might just be waiting for a fascist leader as it only seems to be the cities that want socialism. Shit the conservative government has always stolen pensions and purposefully attacked those that can't stand up for themselves. Who has all the money now? The Boomer generation, and they're not only having their pensions stolen but this virus is being allowed to run around unconstrained and killing a lot of them.
Gotta remember, the UK had capitalism first, practically invented it. We're a lot further down the road than America in terms of how well our government can beat us up without us noticing or retaliating. It really is horrible to watch. I mean shit, we have the lowest tax rates for business' in the G20 and next to no social security. Council houses haven't been built in over a decade so there's none left, young people literally aren't getting on the property ladder. Our country and a lot of its remaining middle class despise poor people and worship the elite. It's a sorry state of affairs.
We're in the same boat, across the pond. None of this is unique to America. It's the whole world from what I understand
Trading Places, not just an Eddie Murphy movie, but Wells Fargos society at the top.
I really would like to hear you address Modern Monetary Theory. From what I've read it seems like a way out of all of this mess.
European Union prizes itself in being capable of competent and complex measures in difficult times with lots of highly educated technocrats working fulltime for effective solutions to keep people relatively safe in their jobs and life in general.
USA on the other hand has simply no public infrastructure, capacity or will to deal with crisis like this pandemic. USA chooses to abandon its people, with the consequences we've all seen......
Things are about to get much uglier than I thought possible. I'm 79 years old and don't want to believe this but it is in our faces at this point. Like bail out the airlines before addressing the needs of the the people. Without some kind of plan to deal with the pandemic, we're in for years, not months, of hardships.
Really? But you voted for all this. You voted for the bailouts. You voted for the banks to steal our wealth. Don't say you don't like these things when you directly caused them to happen.
@@nonetaken7873 No I didn't. A pure example of stolen identity. I don't participate. This is why I love to comment. I didn't do it.
@@patrickvanmeter2922 Are you telling me you don't vote at all?
@@nonetaken7873 Exactly. If everyone was like me, things would probably be a mess. The fact is, everyone isn't and never will be like me and things are a mess. I think it is good for people to get involved thinking they can make a difference. Millions of people pray everyday and that makes them happy but I don't see anything changing with the exception of the preachers wealth. I voted twice in my life before realising the winners lied to me. So I prefer to observe.
3:55 though 5:19 is true without question. (tossing out people of color)
Richard has done an excellent job manufacturing consent for the World Economic Forum's Great Reset. We Billionaires thank you for helping us to increase profits. 😀
If democracy is built on the principle of reaching a consensus than the establishment of an arbitrating commander in chief is undemocratic. Each office should be governed by a constituency of electable, designated experts.
Can't help but laugh at the irony of "The Bloomberg Equality Summit"
Dr. Wolff spicy today!
Agree with most what the prof says. But I don't like the line drawn between capitalists and government as being completely different animals without explanation. In both cases you give the power to a small group of people who most likely have their own self interest above the public good and also both can be corrupted or bribed by external interested parties.
Question came to mind when mr, Wolff compared Europe's approach jobs to the U.S.'s. Ideally for any health experts reading this, but if you have an opinion - How much is the anxiety he focuses on contributing to the US death rate? Many of you are probably familiar with the concept of a positive outlook being an important part of, for example, cancer patients.
I disagree with Dr. Wolff on his criticism of "ranking". Any effective organization needs ranks. What's failing in capitalism is not ranking, but a ranking that's not based on expertise, but on wealth.
Brilliant.
If people would stop listening to Corporate News/Media, we could likely, ALL, be on the same page!
Those of us who know better have to take issue with what Rick said and emphasized about contributions into Social Security. It is one of the biggest political canards to suggest or paint the picture that the 64 million people receiving Social Security can expect to be put at risk because the massive failure by this disastrous administration to help keep people's jobs will devastate Social Security payments into the Trust Fund.
That's not a dependency that is real. Why? Because no financial obligation of the United States government is dependent on tax revenues (of any kind) or even on borrowing through bonds and treasury notes.
Let's be clear. As the monopoly issuer of its sovereign floating-rate currency, the U.S. government CANNOT GO BROKE, AND THERE IS NO DEBT THAT CANNOT BE PAID IN FULL BY PRESSING A FEW KEY STROKES ON THE TREASURY'S COMPUTER.
To understand this further, everyone must listen to Professor Stephanie Kelton address this in the following video:
townhallseattle.org/event/stephanie-kelton-livestream/?fbclid=IwAR2cYIroZmtoSwdkyBRrOvuuo8dUjXdfRPjKUoWBspwZZREWWlJrjAGv14c
I strongly urge Rick to interview Prof. Kelton on EU, so that more folks can be disabused of the following myths and lies:
♦ The government doesn't have the money -- that's a LIE.
♦ What you want will increase the debt that your children and grandchildren will have to pay -- that's a LIE.
♦ Social Security and Medicare will go bankrupt -- that's a LIE.
♦ The government has to curb spending to balance the budget -- that's a LIE.
♦ The government depends on taxation and borrowing to be able to spend -- that's a LIE.
♦ The federal budget is like a household budget -- it can't spend more than it takes in -- that's a LIE.
♦ Too much debt means the government will go broke -- that's a LIE.
♦ The U.S. can't afford Medicare For All -- that's a LIE.
The reality is that the foregoing BIG LIES HAVE BEEN GIVEN TO US AS EXCUSES FOR WHY OUR FEDERAL ELECTEDS DON'T WORK FOR THE PEOPLE, BUT INSTEAD WORK FOR THEIR DEEP-POCKET DONORS who are only interested in profits for the few instead of prosperity for all.
11:18 "you betray your namesake" dayum
It's not all roses over here it's the same corruption and greed,
Talk about when we moved our economy from industrial to a service economy. This is why they don’t care what the people need?