@@erispapps9929 Trade is not the defining characteristic of capitalism. It is the system of ownership that distinguishes capitalism from anything that preceded it.
DO they, always ? Some capitalists think we don't have it now , much government control. I heard him say it "...before capitalism you had feudalism..." but as an explains it fell way short. But the Romans had money , banks and markets but the had slavery so not capitalism. They had private property... Governance consisted of state power of force. But didn't have the concept of the rule of law so not capitalism. And after Roma fell the Catholic church did actually unify much of Europe ... for a while.
This is why we as Americans need to. Enact an economic system that respects and gives workers the power to benefit all of us and mother earth., not the elite few.
@Bruce DaBuc It's extremely unlikely that the covid-19 virus was engineered. The explanation, given by a virology scientist, begins at minute 20 in the following TH-cam video: th-cam.com/video/IOolPfrKf0k/w-d-xo.html
There's a serious risk in the near future that the ability to work will not be available to large numbers due mainly to automation. In a capitalist system this, of course, means that the compensation for labor will be reduced further as people compete for the privilege of working. But even more it means that those who don't get to work will be an ever growing sector of society. We want to be careful that if we replace capitalism with a system by which workers control the resources, that workers don't become an elite minority that hordes the wealth of society in the same way that financiers currently are.
@Doug Moran The Serfs have a pretty decent TH-cam channel and do a lot more on Twitch, they've even had Richard Wolff on their show. I think they're making a small but important contribution to the struggle. ;-)
@@dwc1964 I don`t think they believe they can do anything because they don`t know what to do about it. Hell, I don`t know what to do about it either. What can we do? Nobody has given me a good answer. These aren`t the 1960s.
I still argue that slavery, feudalism, and what we call capitalism, are the same thing. They just have different names. Why? Because the behaviors and relationships are the same. I would also argue that our current system of, capitalism, is not capitalism. If you define, capital, it will become clear. Capital - headcount. What we have now is a theft of capital by the same forces that were called, slavery and feudalism.
Yeah fuedo-capitalism....its about ownership of people, places and things. This entire economic system however comes from dual illusions of...Disunity and Insufficiency...these are illusions folks made up from the mind of misguided humans who misunderstand life . We believe we are separate from each other and that there's not enough of the stuff of life to go around. Only through the message that We Are All One can a new system begin and transcend the myth of the free market .
They are all class based systems and some can overlap with each other (like how slavery can happen under capitalism) so they are all very similar but I think it is important to distinguish them because industrialization is something unique to capitalism in relation to slave and feudal societies, and it set the conditions for socialism to occur.
Whenever dupes say 'socialism doesn't work' I point out how capitalism doesn't work, or it wouldn't need to be constantly bailed out by tax revenue to survive.
The West is no longer working under the concept of free-market capitalism. Society now is corporate socialism for the 1%. The other 99% can neatly fit into 2 categories: corporate bitch or government welfare bitch.
I came from a Warsaw pact socialist country that went from third world to first world in 20 years after capitalism took over 70 years of socialist enslavement. Yes, capitalism works and socialism is only successful when comparing it to medieval feudalism. Westerners who have never lived in socialism sit here today talking about how good it would he if they were the dictator.
That would be a great start! Unfortunately those who control the media don't want this message getting out there. They rather have us fight amongst ourselves so we won't pay attention to the man behind the curtain.
jcsrst Joe Rogan doesn’t control the media however and has been known to feature MANY people that MSM refused. He features Alex Jones but also Bernie Sanders and Andrew Yang. Joe is actually also a Bernie supporter (up until he suspended his campaign anyways) which means that he leans left and might be willing to converse with anti capitalists.
Ah, yes finally! Put Wolff on the Joe Rogan podcast, so a bunch of Bro’s, Incels, and other settlers can be changed by the best Analysis on capitalism they’ll ever hear. Fuck outta here with that trash. That’s not going to work, American settlers have been given such a high standard of living thanks to Advances in industrialism which really means we’ll all get to suffer from Abrupt irreversible climate change, since white people believe you can tech fix your way out of everything or go terraform Mars or like how you will just shop at a Farmers market in some Gentrified Hood. Joe Rogans platform will simply make a mockery out of the professor, the podcast is for Loser ass men who are incensed by pseudo intellectual MMA fighters who fuck fleshlights not for having a robust Marxist analysis on capitalism or how to organize your workplace into a Union, the Idea that we even have time to wait around for people to set down kettlebells and pick up guns and das capital is funny! You want to change people? Teach Anarchism in your Hood, show people there are alternative ways to live other than white Capitalism which are very rewarding. We are the ones we have been waiting for! Not Joe Rogan!
Is India headed for a similar collapse even before attaining mature capitalism? For India, even feudalism [zamindaari] is not so much of the distant past.
@@Sidtube10 as far as i know capitalism is in it's initial stage in India but there is much diversity in India ,some parts of the country has developed and some part is still stuck in feudal stage.....
Stan, in an ideal world I would agree, but computers can never be secured in our imaginations let alone in reality. This makes voting by computers a waiting disaster. Most have bought in that computers can be made secure, they can't and never will be.
There is always a smart kid with too much time on there hands, and then there's governments trying to get into other countries computers. Data breaches that we've seen are low level. With it they've gotten your social, medical, and financial information. Understand, this is the preamble. Street lights, gas, water, telephone, and the like can be compromised. How? The interconnection of the computers is where everything falls apart. Isolation of systems from outside is the path. You could use humans as an isolation device...
@@theodoreroberts3407 NOT A REASON TO NOT START. THINGS ARE ALWAYS EVOLVING...EXCEPT FOR OUR FREEDOMS AND DEMOCRACY. THERE ARE MANY SYSTEMS THAT WE USE THAT ARE VIRTUALLY HACK PROOF , LIKE BANKING, CREDIT CARDS, INSURANCE, SOCIAL MEDIA, ETC. ...AMERICAN IDOL IS A NEAT EXAMPLE, THEY HAVE LIVE VOTING THAT HANDLES LARGE #S AND WERE HACKED; LONG STORY SHORT, THEY FIXED IT!
@@onegod7257 who said not to start?! Actually, your at the beginning of why there was civil rights and why it has not ended. No man is free unless all men are free.
Excellent! Professor Wolff is always very clear and succinct. As I have noted here and in other venues before and will continue to do going forward, the solution requires that we admit and accept an idea a concept so foreign as to be unimaginable. We must literally move beyond money and markets. We must bring forth all of our accumulated knowledge of science and the workings of Nature. All of our technology and understanding of human psychology and cognitive neuroscience to conceive and design an economic model to support and advance human life and the experience of living. Instead of one of conflict and warfare. Throughout its development, as discussed herein by Professor Wolff, humanity has never even conceived of trying an economic model outside the parameters of scarcity, competition, self-interest, and profit. This is a model in which class hierarchy, inequality, competition, and conflict or war is inherent Just as there has ever only been one religion in the world there has only been the maturation of one fundamental economic model. Known today as the Market and Monetary System and Financial Capitalism. Regardless of any of the various social orders adopted by a particular economic system, all nations operate according to the procedural mechanics required by a Market and Monetary System and Financial Capitalism. And, as noted above, this economic model is one of warfare. Every person is at war with every other person. We are born into a condition of war. We are raised and educated to be at war - to win ... don't be a loser ... it's you against the world ... nobody owes you anything you must decide what you want and take it. Capitalism, Socialism, Democratic Socialism, Communism, Marxism, etc. at their very core are animated by the same impulse. The only difference is the social application. As long as we continue to rely on the same foundation it will lead ultimately to the exact condition and circumstances we are living through, now. Professor Wolff's history lesson proves this fact, but take some initiative and go back as far as you wish and check it out for yourself. We, as a species, have been doing variations of the same shit for more than ten thousand years. and guess what ... every great civilization, empire, nation-state, kingdom, etc always come to the place we find ourselves in this very day. One would think that after trying something for thousands of years it might soak in that this shit ain't working, has never worked, and based on that it will likely never work. So, if one discovers something ain't working what do you suppose one might do? All I am trying to communicate is that we have to admit and accept that Markets, Money, and Financial Capitalism does not work as a basis upon which to build and perpetuate a supportive, healthy, well-educated, functioning social order. Nor is it conducive to nature. The undeniable and factual truth is everything our society and lives are currently influenced and dominated by is unnatural, that is to say, contrary to or against Nature. The root socio-economic orientation of our system [I mean the entire overall system throughout the world] is derived from one premise [usually the first statement found in economic texts]: "Means and resources are scarce." Competition and warfare will always be produced from the idea of scarcity. There is only scarcity in the world for the majority working class and poor. Today ALL SCARCITY is manufactured for profit. The functioning technology and knowledge exist this very day that could feed, house, clothe, educate, and provide access to everything else necessary to actually, you know, live - be alive - genuinely experience living to every person on this planet. I'm not talking Utopia, or anything of fantasy, science fiction, or the benefits of 420. I'm talking about systems and technology in use in some capacity and to some degree, right now My greatest concern is our general willful ignorance and the ongoing demoralization and division of citizens. My apology for getting carried away. When I decided to comment my intention was the first couple of sentences and this ... As I have done previously I again strongly encourage Professor Wolff, his audience, and any who might come across this to get and read "The New Human Rights Movement: Reinventing the Economy to End Oppression," by Peter Joseph, BenBella Books, 2017. It is also available as an audio-book [Peter Joseph reads. He has a great voice to listen to. At least for me.] After a truly well researched and considered deconstruction of our system and condition, he offers some insight into trends regarding future possibilities, and finally some suggestions about how we might proceed. I promise with my life you will be changed in some way by what you are exposed to.
Thank you Sir, I bow down to your integrity & honesty as I feel being one among the crowd as you are at the top of the list & I’m at the bottom and slowly climbing up
I agree. Especially that we too often do not learn from history. In this, I see all government systems on the road to failure because of what they share in common.
I like seeing Prof. Wolff in new environments. In the kitchen! My response to this horrid capitalism model we live in is to create more cooperatives even to the level of cooperative corporations where every person owns the cooperative corporation. If we can figure out the components of creating such a business model, then we will be able to make some kind of positive change.
Imagine this: Waking up, eat breakfast, exercise, and spend 12 hours a day doing activities. Actually LIVE. If you’re a parent and have kids, you spend more time. Imagine a parent working and a kid coming home from school. That kid needs their parents. But can’t because their parents working to make ends meet. That’s sad. That’s not the life to live. Automation controls our production and do it more efficiently than humans, which means workers don’t need to sacrifice 12 hours a day, 5 days a week to work just to make ends meet. You’re not actually living. We should embrace automation. It’s a short term, expensive upfront cost but in the long run, it will break even and then make profit afterwords. So all the government has to do is set a tax on those profits so that the money FUNDS our infrastructure. The key is ACCESSIBILITY. Example is walking to a store because accessible. But America nowadays you drive just to go to the store. That’s poor accessibility. And that raises the price. The urban sprawl, building more single family houses and as a result, more roads need to be build and that means more cars. That’s terrible. Where’s the public transportation? Instead of building more single family houses, we need more apartments. We need to stop spreading out. That’s why I found out about this “TOD city” Transit oriented development. It means it’s a city designed for walking and public transportation. A “car-oriented city” is a city designed for cars. Meaning you drive to work, drive to the store. This is bad. We need more people walking, more people taking public transport. Less cars means less traffic congestion. European nations already has better infrastructure than America. Accessibility. Walking to the store, or taking the bus to work. It’s better for our health and better accessibility than by car. Less traffic, less cars, meaning less carbon emissions. And that is where we the people need to vote. To ensure that the government does their job. To actually make a change. Use our voice to make a change. We should live.
Some points to consider: Medieval Europe received a couple of temporary reprieves that extended it's life: first in the form of the black plague, which reduced the population to such a degree that it spared the continent's resources for several more centuries; and secondly in the discovery of the new world, which allowed dwindling resources to be replenished. Another point: to me capitalism is more akin to the Roman Empire than to Medieval Europe. Rome was fueled by constant military expansion, and when it reached the maximum limits of its ability to expand, it went into an irreversible decline. Likewise, capitalism is based on continuous expansion---population growth with increasing consumption of resources. When it reaches the limits of consumption(or likely it already has), it can only decline from there on (the proverbial "tipping" point that environmentalists speak of). It's what comes after the collapse that's terrifying.
Dr. Wolff. In the book The Sun King Dialogue by Daniel Alexander Brown, the author goes into economic democracy as being the only possible economic system that is ultimately compatible with life. The book is quite philosophical, but is perhaps the type of thinking we all could benefit from now to help confront the magnitude of this crisis. I was curious if you've read/heard of the book, and whether or not you might be willing to read it and give your take on it?
Qujanaq! Kalaallisut Greenlandic for thank you! Thank you for showing the parallels between fudlisum and capitalism. Also your house looks really cool!!!
Professor Wolff paraphrases 2 of my favorite quotes here in 1 video: "An Injustice Anywhere is an Injustice Everywhere" -Malcom X / MLK (I'm no historian, please find out for me then tell me what you learned!) "History repeats itself, the first time as a Tragedy, the second time as a Farce" -Karl Marx
JSB103 well, it just feels like I was short changed in my education lol plus It’d be nice to be able to ask a professor all the questions I have related to Marxian economics.
@@cloudmane4159, in this information era all the data you need is available on the net. You can find books, join a blog and interact, etc. There are many choices open to you.
Neal Murfitt what? Im 26. They simply didnt explain marxism to us in econ or history. They might have touched on him and the ussr but it was all surface deep western propaganda. All i learned was to glorify Keynesianism and adam smith.
@@cloudmane4159 And if they did, would you of even cared enough to be interested? Just how many students do you think would? What is stopping you now from learning all there is about the subject. You see the problem is Americans need to stop blaming others for their ignorance and short comings, especially in this day and age. The fact that you are listening to Prof. Wolff is a step in the right direction.
One of the biggest flaws I see with capitalism is endless competition. Such a divisive economic philosophy. Americans largely hate each other especially when it comes to money and status. It's unbelievable how a roofer or anybody else who busts ass makes less money than someone who throws a ball around for a season out of the year.
You are hugely influential in my perspective... when I found out you taught at UMASS (being a UMD student) I felt like I was a part of something bigger than me. Like minded individuals being taught the truth. Thank you for speaking truth to power for us young people 💕
I would argue we entered this stage way before we entered the current century. After WWII, capitalism could not have survived without USA being crowned the king of capitalist states, and trough Marshall plan it funded capitalism in Europe: not by just directly funding corporations, but by funding the very states that then funded their corporations. And like all kings, USA had to build an army to protect the states swearing alliance to their king: that would be NATO. So in this sense, the kingdom is already established, and has been for a while. While the conclusion of this metaphor still holds - states will be more and more clearly the backbone of capitalism - we should not disregard the fact that capitalism already was very united and ordinary, but that alliance is now somewhat weakened: USA doesn't enjoy the same soft power it used to, there is no Soviets posing a unifying risk, and China is very much fighting to win over the crown.
That's something that blows me away about Bernie's campaign. He had the majority of service personnel donating. Which means the military believed in the message. Why did he give up...?
What do you think about Elon musk? I work for Tesla and he is forcing us to work and threatening to take our unemployment, even though the county health officials say it’s illegal to start up.
I agree with a lot of your argument, but I suspect that like the church, even with all its faults, the main one being the glaring departure from the central teachings of its founder (you'd think that's almost instantly fatal), America will limp on for quite a bit. Many systems have some resilience as long as they are not subjected to too severe external shocks and as long as there are enough internal components which are able to dampen the perturbations caused by instability and contradictions.
When the Romans no longer had a state. They turned to those who could hold and defend land and offer them safety, room, and food for service. The middle ages were off and running. I don't think we'll go there this time. Too many better alternatives.
It would be interesting to look at the manner in which we adopted the next system out of feudalism. Why did it evolve into capitalism? What human psychology and other natural forces drove us to create the system we have today IN PLACE of feudalism? Assuming capitalism dies, what can we say about the system after it?
the basic problem is rather well understood through the teachings of eastern philosophy. you cannot govern by ruling. it can't work. That which happens, happens *of itself* , not at the whim of any process bossing or ruling it. Today we have a system which does not permit the existence of any outsider, and requires obedience from all participants, in the form of a purchase. It demands we pay our citizenship fee, to the boss or the ruler. We even have a proper name for this boss that actually describes what is happening: Land Lord. The entire thing is a dead end, self frustrating game rule. The system which follows capitalism will center in sovereignty of every participant, their voluntary participating in the social system. Mutualism.
At 8:54 in this presentation a telephone rings. It was probably someone from the SPUSA calling to warn Professor Wolff that there was an ax handle wielding gang of thugs dressed in Brown Shirts and Red Hats on the way to his house, carrying torches and chanting slogans.
The 3 crisis you are describing were caused by State intervention in the market. They are not crisis of free market capitalism, but State power deforming and in the most recent case, preventing by force, economic activity. The dot com and the housing crisis were monetary crisis of inflation and it's impact on the price structure. At no point have any of these been a crisis of the market or "free market" capitalism.
The way I see it, Capitalism is just the last in a long line of systems all with a similar premise: *competition* for dominance, power and control, to keep those weaker lashed firmly in place, and to tear down one's rivals whenever opportunity presents itself. But competition is ultimately destructive, chaotic and wasteful. It spends time, energy, resources, *lives* in struggles over who is in control. Those who win such struggles consolidate their power, and when the time comes to bring down their next rival the struggle is even worse. We used to have nations and empires warring with one another, conquering lands and peoples and incorporating them into an ever-growing whole, but as the map became divided among an ever-dwindling number of empires of ever-growing size, the conflicts between them threatened to upend the entire system. Once, long ago, when resources were hard-fought and hard-won, these conflicts may have been about survival. But we have doubtlessly passed the point where we are capable of meeting everyone's needs, and are instead fighting for the right to become disgustingly wealthy at the expense of everyone else. We need to move towards a system that is cooperative in nature instead of competitive; that seeks to feed and clothe and house all not for profit that we can use to establish dominance, but because they need those things to live, just as we all do.
That is a wonderful dream. Unfortunately it's human nature to subjugate. We are evolutionarily designed to be greedy, we don't have a built in mechanism for less. Some might but the vast majority don't. If you put a bacterium in a petri dish with food and no enemies it will replicate itself until all the food is gone and it will die. That's what we're doing to ourselves, if we don't destroy the planet first.
@@jcsrst I don't buy "human nature" arguments for greed and domination. In my understanding, the two core parts of human nature are: 1 - As a living creature, we want to survive. Living things that don't want to survive don't stay living for long. Barring extreme disfunction, we will do everything in our power to stay alive, and can go to great lengths when pushed to our limits. 2 - Like our cousins in other primate groups, we are a social species. None of us are particularly well-equipped to operate in total isolation, especially in the modern world. Beyond that, I tend to favor nurture much more over nature. We are, by and large, what we have learned to be as a result of our life's experience. Some of us learn to be cooperative and work together, some of us learn to be competitive and dominate or be dominated. Lastly, we are not purely creatures of instinct; we have intellect, we can observe the world around us, we can learn and make choices. We have not always operated our society the way we do now; we will not always operate it this way in the future. We should be looking forwards, not resigning ourselves to short-sighted, self-inflicted extinction.
@@devinfaux6987 I agree with much of what you say, however, even primates war. I do agree that nurture has something to do with it. Currently our capitalist society breeds poor nurture. Any system that doesn't value human life is a nurture problem. Psychopaths are sometimes born into perfectly loving families so it's not all nurture either. History repeats itself just like he is saying in regards to the few dominating the many, this is how it's ALWAYS been and will always be. There are periods where society corrects itself but the powerful always find a way to assert their dominance again. To think otherwise is to not know history. Of course we should look forward and I love it when people say that but I always imagine a tRump rally and wonder how you'll change their minds... Ultimately we may find an alternative to capitalism, history say so, that is if we don't destroy the planet first.
Dr Wolff, in the state feudalism example, states ran themselves into the ground because they were competing with each other. And from my understanding, that competition led to huge insecurity even for people in the upper classes. Because of the insecurity, upper class people were more likely to support reform/revolution--this seem key. In capitalism today, competition seems non-existent. And it seems that states are complicit with the cartels that are running the major industries. And in our system today, the 1% seems to be taking decent care of the top quintile--without their support, do you think change is probable? The Occupy Wall Street movement was violently suppressed the the government and that was barely covered by the news. It's conceivable that if one western nation had a hard time squashing a socialist movement, another state would help. I don't want to sound cynical. I think eventually change has to occur, but I wanted to know how do you think it would play out? I know you are a big fan of worker-owned co-ops. What other forms of external power structures do you think will play a vital role in the end of capitalism?
The Plague was a big part of it. It undermined the cultural authority of the royalty and the church, and the merchant and labor guilds rose to prominence.
Before analyzing this subject, you must first have a better understanding of human nature. Every system has its foibles, but you must first take into account who is in charge of its operation and whose interest is being served. In this case, it is humans. All of the parameters of a working system are in jeopardy when people are involved because self-interest outweighs all other considerations. The constitution takes the vagaries of man into account and attempts to save man from himself - surprisingly, it has succeeded extremely well- despite Man. I think Mr. Wolff sees the world the way he would like it to be, rather than accepting the selfish nature of humans. His theories might function well in a world without Man.
The political system that democracy runs on has deep roots in an adopted system, albeit modernized, that of imperial styled monarchies. As long as this outdated political system is grounded in the mentality of imperial dominance, our democratically elected political parties will always end up wanting to become the next ruling emperor by pushing for more government control. This insidious political system has hijacked democracies around the world and if radical revision of how it functions is not remedied it will never truly put the fate of the economy or the very planet we live on, firmly in the control of the people. In short, democracy is alive and well in the hearts of the people but unfortunately the bus it is riding on is fuzzed
Prediction : the climate crisis will be the last straw of capitalism. And unfortunately I don't think even a single human will be there to pick up from the ashes.
@@cryptodan3837 lol it is when you think about slavery that is still going on in all civilized countries and in all 3rd world countries. America has a great standard of living, for a long time we were brainwashed to see the bars in 3rd world countries all while getting the same bars installed in america as it waged war against communism lol the same governmental control that america has had since it was created to destroy the native american population.
The allegory to feudalism by contrast is only valid for a southwestern part of what is now today the Russian Federation. Otherwise, economic and political systems evolve separately: as is evident from the rise of China.
The Federal Reserve (Not a Govt. Entity at all but a Private Corporation) needs to be disolved. The U.S. Govt. needs to bring back the Greenback and not have to go into debt to take care of its citizens.
Here's a link to Wikipedia - Basically "Greenbaks" was Fiat Currency / Dollars printed and issued as legal tender by the U.S. Government (Union Government) during the Civil War. They Did Not Borrow Money to Issue The Greenback Currency. It was brought into existence out thin air straight from the Government/U.S. Treasury's Printing Presses.! - en.wikipedia.org/wiki/Greenback_(1860s_money) If Economic Activity sped up too much they could just increase Taxes to remove excess dollars from the systems preventing inflation from taking off. Basically over 99% of Dollars printed back then went for Productive ues to make things, pay for war materials from manufacturers or pay farmers for food production. This is as opposed to today's Financialization Economy where most of the dollars in a market just get traded back and forth and very little production of real goods takes place percentage wise in relation to the amount of money moving around in the economic system.
You really are dense. I'm not talking about issuing "Civil War" Money today. What I'm saying is the Fricking U.S. Government could just issue legal tender electronically without having to put itself into to deeper debt. They should use history as their Guide and memick what was done during a time of need for extra liquidity in the economic system back then during the civil war. We ( meaning, The U.S. Government) and our Citizens are big enough and bad enough that we can create currency, legal tender, cash without hocking the Country and its Citizens. Look up MMT - Modern Monetary Theory. The Federal Reserve (Not an Agency of the U.S. Government but a Private Entity owned by Private Member Banks around the Country in their respective Federal Reserve Districts " OR" The U.S. Treasury are on the verge of creating a crypto currency to be issued directly to the U.S. Citizens without putting the U.S. Government into more Debt. We can still get away with this for now as long as the US Dollar is still the World's Reserve Currency. Look that term up sweetie. You have much to learn and catch up on.
I think Richard is exactly right but the thing that scares me most is what will take the place of capitalism? Power and money has been to centralized to fewer people now and these people will no give up their power and money willingly or easily. Socialism would be a move up in the evolution of man kind but there are too many people around the world that have been brainwashed into thinking capitalism is the only system.
the first thing to do, is stop calling it capitalism. it's just greed in an expensive suit. call it greedism. greedism is built in to the usa, a national culture, and it won't go away for generations after the looming economic collapse. democracy also seems foreign to the national culture, which is strange, as many individual states have some or all of the functions of a democratic society. no one is calling for democracy, very few suggesting socialism would be a good thing, and usa glides on to destruction under direction of greedy elites. just another failing state, not special at all.
No - capitalism is the best term. It directly points to the fundamental economic base. Reducing the destructive mess of current social organisation to individual morality or emotion weakens the analysis and its resultant action
let's not muddy the waters here - call a spade a spade. capitalism is a system of bourgeois government with a private market. socialism is a worker state with communally held resources. i know which id prefer
Read up on the collapse of the Soviet union. 22 million deaths. That's what's coming. Also massive famines are coming now. What comes next? Socialism. IT's that or more death.
do you think the People's Republic of China will, like how they were before their phases of privatization coinciding with the rise of global neoliberalism, revert back to a state capitalism without a subordinate private mix to state financial institutions and leading sectors? and or will it become the same in a different form form what came before?
History does not move in cycles and it never truly repeats; each episode is slightly different. There are and will be similarities to what came before but every stage is unique. Also your analysis of the rise and fall of feudalism has a few holes in it. I'm not sure if you left details out for brevity but I think things like protection from foreign threats and the suppression of education are really important and shouldn't be overlooked.
Lol you are right history doesnt repeat, because there has always been filthy rich people while the rest of the world is left with nothing.. that is the history of humanity, a lot or resources for a few, while the rest of the people are slaves.
Interesting theory, but the consolidation of Feudal economies wasn’t a different system, it was an inevitable expansion of a hierarchical model very much like the consolidation of capitalist businesses into monopolies. Rather than being the birth of a new system, this looks like a desperate regression to a previous model during a crisis. It’s a frantic attempt to adapt where adaptation isn’t really possible. Adaptability is inversely proportional to the level of specific adaption, and our capitalist economies are deeply adapted to a specific environment. Unfortunately, environments change and so is ours. That means we’re going into a period of de-adaptation or collapse which will proceed in stages from one crisis to the next until we reach a level where adaptation is again possible. When we hit bottom is when we’ll see some new economic models emerge. Assuming we don’t go extinct first.
I personally disagree that there should be no hierarchy’s. Hierarchies are very important not just for society but the organization of society. Like for example my supervisors are not oppressive, their very good at organizing our workers to fulfill our job. Removing hierarchies is a fantasy. So the question we are having is what hierarchies should there be . I have concluded that these ideologies of anarchist or wrong, all fascist are wrong and all communist are wrong. So what system of economics and form of government are we talking about s transitioning to.
Have I told you lately that this guy is a genius? Capitalism seems to have major problems that need bail-outs by the state. It's only a matter of time before the state realises how powerful it has remained.
I believe "the state" knows exactly what capitalism is all about. Because at this moment in time, the state is being run by a corporate oligarchy. The billionaire elites have manipulated elections, paid-off congress, appointed judiciary, and bought up the majority of mass-media outlets. The government is now operating at their pleasure.
The government doesn't need our money to pay taxes. They don't need our consumption to create revenue for the corporations that are the source of the financial property of the stock markets. Soon, the only way people will be able to survive will be to borrow even more money to replace what used to be earned income. The creditors who lend (the ruling class) will need to "secure" their loans, just as they did with student loans. Borrowing to buy a house uses the house as collateral. What will be the collateral that secures the lending to the creditor when we reach the point where the majority of us can't work enough to survive? The answer is our bodies. The new collateral will be the new identity politics - serfdom 2.0. The antidote to this is our numbers. The income producing property of the world, both financial and real, is in the hands of a tiny minority. The only thing we need is class consciousness. The false consciousness of identity and culture keep us from knowing that social class is real and able to be used as something that people can have in common with each other. Sorry, that was a mouthful. People should be able to bond around social class as easily as they do around race, religion, etc. Yet the American public largely doesn't even know that social class exists. The reason is that we are consumers first, people second. No social class discussion allowed. Citizen as an identity is encouraged, especially for the liberals - since it entails pride in paying taxes. The two types of American that are bound up in false consciousness are liberals and conservatives. Liberals are mostly happy with the status quo, especially since the "deep state" is mobilized against Trump. Liberals are also happy with the status quo because they are more educated and believe that American neoliberal capitalism is the most progressive form of society that can exist. They don't want to acknowledge social class because that would mean that they would have to be labeled as oppressors, which would be a huge contradiction for them. They are the group responsible for the genesis of the "snowflake." Hard to be a snowflake and an oppressor without people laughing at you. This leaves the conjugate form of the liberal: the conservative. I'm not thinking of George Will or William F. Buckley. I'm thinking of Hillary Clinton's deplorables. These are the people that Bernie Sanders somewhat successfully tried to appeal to in 2016. They want universal healthcare, a strengthening of Social Security, good public education that continues to college, good vocational education, and so on. This commonality with the real left-progressives makes Washington D.C. very afraid. Double if you consider that racism has an inverse relation to class consciousness. The more class consciousness exists, the less racism exists, and vice versa. This is why both parties absolutely must constantly assert the 50+ year old identity and culture wars. Trump has done an enormous favor to both Democrats and Republicans. He has made bigotry popular with the GOP base and righteous indignation for the victims of bigotry popular to the Democratic base. The problem with the Democratic side is that the indignation only extends to identity and culture, but not to economic realities. As we all know, the shine on the Democratic Party's exterior is wearing off. We see their hypocrisy. The two party system effectively functioning as one party was born on identity and culture. The current makeup of that duality originated with anger at blacks and liberals during the Civil Rights movement. Nixon's Silent Majority campaign in '68 was its birth. Reagan was the start of its dominance of American political life. The country's political and economic goal posts had moved to the right and the center has constantly had to move with it. The group that is at the right most edge, politically, has always been the "deplorables." They are the ones that are like sacred cows for the the entire false consciousness of the American public. The Democrats' sacred cow would be the group most affected by the bigotry of the GOP's deplorables: the American blacks. This is why the Democrats have been able to take black voters for granted. The Democrats are thankful for the "heavy lifting" that the deplorables do for the GOP. In order for class consciousness to emerge in America, the sacred cow of the GOP needs to be unplugged from its Matrix, (as in the movie). These deplorables are the Jewel in the Crown. They are the ones pushing to the right. The media love them. All the flag waving, dungarees, little children, grandmas and grandpas. They are like Norman Rockwell paintings on methamphetamine. They do the work, the ruling class cashes in. The liberals have something to give their vapid lives meaning, and American blacks are figuratively and literally disenfranchised because they have nowhere to vote except establishment Democrat. The rest of us on the left had to follow the American blacks, until 2016/2020. We now see how rigged the system is. Everyday we, in the aggregate, learn more about economics and political economy. People like Richard Wolff, Michael Hudson, and so many more teach us. We are growing in number and influence. Will it become big enough to reach critical mass? I don't know.
love how covid kind of thrusted the US into this weird pseudo state of socialism. I guess we can only wait and see how it unfolds. many people got financial aid relief, and we saw a mass exodus from the American workforce. but they're searching for more meaning within themselves, not anarchy (as some people would fear). lets hope that the covid disaster was a page turner for a better humanity, and not a prelude for worse to come.
I never have heard a such a wrong summary of the history of, what seems to be, I think, Western Europe. The rough draw he gives perhaps might apply to France but calling England an absolute monarchy? Pray tell, when did that occur? And how can it be: an absolute monarchy is literally a monarch not bound by anything. This in a country that had the Magna Carta, which established that the king may not levy or collect any taxes without council and finally a parliament to curtail their monarch? One of the most powerful states in early modern Europe was the Netherlands, which wasn't an absolute monarchy, which wasn't a feudalistic society and co-existed during the time France become an absolute monarchy. Just read the Wikipedia on Feudalism or Absolute Monarchy.
The sequence being talked about is: private feudalism --> monarchy-supported feudalism --> private capitalism --> 'democratic state-supported' capitalism [the latter heading towards a collapse]. Alright so, what next? Certainly not, Communism a' la USSR or Mao's China!!! If anything, we want economic decentralization and participatory democracy.
Revolt, followed by something like the Chinese model. They are becoming more socialist, not less. But we are going to need a strong central control to even HAVE a future.
@@antediluvianatheist5262 You joking or what? Even the good old professor will not agree with you! He is all about democratizing the workplace via worker co-ops and a state that supports that transition. At least on the face of it, he is against private or state ownership on the means of production.
What is the next stage then? If it’s socialism what’s after socialism? Communism? And what type of socialism are we talking about is it German social s during WW2. Is it socialist Russia or China. Or is it a new capitalism and not socialism. Maybe a new capitalism that we don’t think is possible.
Nazis were not socialist much like how North Korea isn't people's. Claiming shit doesn't mean that it's true. No new system is implemented perfectly at the first try, the French republic which was the first democracy in Europe and it fell. That doesn't mean that democracy was the cause of the fall. Besides the only reason why socialist states fail is because they are meddled by capitalists.
@@agentprismarine2778 I like that perspective. And I understand it. But I have to push back a bit. Nazis are socialist. It's just a different brand of it. It promotes the ideas of collectivization and command economy. I really see no difference between the two. So that's how I see it. I understand that you want to keep trying it. But the new successful models are not based around socialist ideas. They are based around capitalist ideas. Because representative government is way more effective with capitalist systems then socialist systems. And we can argue about many definition and types of socialism. But my mentality of thinking is based off the englighntment age thinking of goverment.Which socialism completely contradicts. In the work place there needs to be hierarchy, there needs to be employer and employees. And you could even adopt ideas from Germany and Japanese economies but it needs to be based off private ownership and free markets. It just works better. Besides socialism is too oppressive. Because enlightenment thinking would conclude that too big of government is the enemy of the people. Which socialism requires a large government. And if we are just talking about economics, which we cant because socialism requires a government debate and individual right debates. Which capitalism has already solved in democratic governments.But even in economies capitalism is better. It makes real prices not fake ones. It gives real value not fake value. It gives individual rights, not fake rights. It promotes more innovation and most importantly provides more for it's people. And for the fall of those states in 1991. I mean I have seen the same types of nations under capitalism not fail. I have seen nations with the same situation as those socialist counterparts and their capitalist economies still did well. The only outlier being economy type. And it just so happened that the eastern bloc fell, Angola other communist in Africa fell. Also in Asia and south america. So I mean every region of the world with different starting positions and history and people have had communism fail. So I conclude no matter what you do with it, it will fail. I did enjoy reading your perspective. I just had to respond with mine. Have a nice day.
If capitalism dies. Then what’s the next stage. And will this stage protect the rights founded in the enlightenment age. Because the last thing we need is a new system that destroys our rights like the Soviet Union or China. Is it possible to transition if there is a transition with individual rights. Because individual rights are so intertwined with private property. But I would like an answer from some one. What is the next step? If it’s socialism then how do you protect our Enlightened ideas? How do you have an economy like socialism when history has shown it’s not as efficient? I personally think that the problem is not capitalism but government power. Also you can’t change the economic system without changing the government system. So for anyone to answer how can we possibly change this system ( which I like) while keeping the government structure of say the United States which is also a superior government structure to the rest intact. I am not being sarcastic these are actual questions I want answered.
Second comment. Capitalism is suppose to have winners and losers right. So I think the problem is that government both on a conservative and liberal spectrum don’t allow them to fail. They keep bailing them out. So ultimately the government needs capitalism to just be left alone for the most part and let people fail. Only have laws for labor and unions and stock market exchanges and let the system work. If people lose and their business goes bankrupt then that’s ok. You are right mr wolf that the government is sustaining the system too much. But it can still be saved.
The capitalist always talks as if capitalism has always been. I like how Prof Wolff explains before capitalism you had feudalism.
..... no? we have always had trade, but most capitalist associate capitalism with liberalism.
@@erispapps9929 Trade is not the defining characteristic of capitalism. It is the system of ownership that distinguishes capitalism from anything that preceded it.
Free trade and meritocracy is absent in America's Oligarchy. You either work for a corporation or you work with them. Either way they win.
Listen man I know that we've been saying that capitalism is about the end since the 1860s but this time I'm sure it will happen
Source: Trust me bro
DO they, always ? Some capitalists think we don't have it now , much government control. I heard him say it "...before capitalism you had feudalism..."
but as an explains it fell way short.
But the Romans had money , banks and markets but the had slavery so not capitalism. They had private property... Governance consisted of state power of force. But didn't have the concept of the rule of law so not capitalism.
And after Roma fell the Catholic church did actually unify much of Europe ... for a while.
Great work. Capitalism should end.
This is why we as Americans need to. Enact an economic system that respects and gives workers the power to benefit all of us and mother earth., not the elite few.
Agreed. But to do that requires the system to work.
And it doesn't.
So it's armed revolt, or death.
@@antediluvianatheist5262 Or ... sustained mass demonstrations of non-violent civil disobedience. It has worked elsewhere and it can work here.
@Bruce DaBuc It's extremely unlikely that the covid-19 virus was engineered. The explanation, given by a virology scientist, begins at minute 20 in the following TH-cam video:
th-cam.com/video/IOolPfrKf0k/w-d-xo.html
There's a serious risk in the near future that the ability to work will not be available to large numbers due mainly to automation. In a capitalist system this, of course, means that the compensation for labor will be reduced further as people compete for the privilege of working. But even more it means that those who don't get to work will be an ever growing sector of society. We want to be careful that if we replace capitalism with a system by which workers control the resources, that workers don't become an elite minority that hordes the wealth of society in the same way that financiers currently are.
Every time I hear someone say something like this I think of a tRump rally and wonder how you change their minds...
The Wolff against Wall Street.
The serfs are sharpening their pitch forks.
@Doug Moran The Serfs have a pretty decent TH-cam channel and do a lot more on Twitch, they've even had Richard Wolff on their show. I think they're making a small but important contribution to the struggle.
;-)
@@dwc1964 I don`t think they believe they can do anything because they don`t know what to do about it. Hell, I don`t know what to do about it either. What can we do? Nobody has given me a good answer. These aren`t the 1960s.
@@drivinsouth651 I'm not sure how your reply to me relates to the TH-cam channel The Serfs
And a French revolution it's Coming.
@@DanielField2023 What happened to the yellow vests? Our country only sells orange vests now; I wonder why; lol!
I still argue that slavery, feudalism, and what we call capitalism, are the same thing. They just have different names. Why? Because the behaviors and relationships are the same. I would also argue that our current system of, capitalism, is not capitalism. If you define, capital, it will become clear. Capital - headcount. What we have now is a theft of capital by the same forces that were called, slavery and feudalism.
They've evolved to accommodate the shifting moral zeitgeist. I've heard it referred to as "capitalism with a human face."
Yeah fuedo-capitalism....its about ownership of people, places and things.
This entire economic system however comes from dual illusions of...Disunity and Insufficiency...these are illusions folks made up from the mind of misguided humans who misunderstand life .
We believe we are separate from each other and that there's not enough of the stuff of life to go around.
Only through the message that We Are All One can a new system begin and transcend the myth of the free market .
They are all class based systems and some can overlap with each other (like how slavery can happen under capitalism) so they are all very similar but I think it is important to distinguish them because industrialization is something unique to capitalism in relation to slave and feudal societies, and it set the conditions for socialism to occur.
Whenever dupes say 'socialism doesn't work' I point out how capitalism doesn't work, or it wouldn't need to be constantly bailed out by tax revenue to survive.
The West is no longer working under the concept of free-market capitalism. Society now is corporate socialism for the 1%. The other 99% can neatly fit into 2 categories: corporate bitch or government welfare bitch.
Fax
I came from a Warsaw pact socialist country that went from third world to first world in 20 years after capitalism took over 70 years of socialist enslavement. Yes, capitalism works and socialism is only successful when comparing it to medieval feudalism. Westerners who have never lived in socialism sit here today talking about how good it would he if they were the dictator.
It still kills me to see these vids with such low views. How do we get this message out there? The prof needs to be on Joe Rogan or something.
That would be a great start! Unfortunately those who control the media don't want this message getting out there. They rather have us fight amongst ourselves so we won't pay attention to the man behind the curtain.
I would be amazed to see Wolff on JRE...
jcsrst Joe Rogan doesn’t control the media however and has been known to feature MANY people that MSM refused. He features Alex Jones but also Bernie Sanders and Andrew Yang. Joe is actually also a Bernie supporter (up until he suspended his campaign anyways) which means that he leans left and might be willing to converse with anti capitalists.
@@sumsum3873 I didn't say anything about Joe Rogan being bad.
Ah, yes finally! Put Wolff on the Joe Rogan podcast, so a bunch of Bro’s, Incels, and other settlers can be changed by the best Analysis on capitalism they’ll ever hear. Fuck outta here with that trash. That’s not going to work, American settlers have been given such a high standard of living thanks to Advances in industrialism which really means we’ll all get to suffer from Abrupt irreversible climate change, since white people believe you can tech fix your way out of everything or go terraform Mars or like how you will just shop at a Farmers market in some Gentrified Hood. Joe Rogans platform will simply make a mockery out of the professor, the podcast is for Loser ass men who are incensed by pseudo intellectual MMA fighters who fuck fleshlights not for having a robust Marxist analysis on capitalism or how to organize your workplace into a Union, the Idea that we even have time to wait around for people to set down kettlebells and pick up guns and das capital is funny! You want to change people? Teach Anarchism in your Hood, show people there are alternative ways to live other than white Capitalism which are very rewarding. We are the ones we have been waiting for! Not Joe Rogan!
This may be one of your best Videos yet. Prophet Wolff.
Richard wolf is the best economics teacher I've ever come across
Let’s call it Zombie Capitalism
Very clear, thank you.
Well, Dr. Wolff just saved me my MA in History. On point per usual by the good doctor.
Brilliant example Dr. Wolff. Excellent comparison among European feudalism and capitalism. Many Americans forget the roots of their economic system.
I feel like a serf living in a feudal society.
In many ways they had it better. They didn't work as hard for starters.
Prince Charles just "suggested" the unemployed Brits go pick fruit. If that's not the definition of a feudal society I don't know what is.
@@nureauamerica OMG!!!!
They ate better and had their own land
Thanks professor for your knowledge.....it always adds something in our knowledge .....i live in India and listen your videos.....
Is India headed for a similar collapse even before attaining mature capitalism? For India, even feudalism [zamindaari] is not so much of the distant past.
@@Sidtube10 as far as i know capitalism is in it's initial stage in India but there is much diversity in India ,some parts of the country has developed and some part is still stuck in feudal stage.....
Very well said!
TIME FOR rEVOLUTION. TRUE DEMOCRACY IS REFERENDUMS ON ALL THINGS ALWAYS. WE CAN DO THIS WITH INTERNET VOTING.
Stan, in an ideal world I would agree, but computers can never be secured in our imaginations let alone in reality. This makes voting by computers a waiting disaster.
Most have bought in that computers can be made secure, they can't and never will be.
"[r]EVOLUTION"??
There is always a smart kid with too much time on there hands, and then there's governments trying to get into other countries computers. Data breaches that we've seen are low level. With it they've gotten your social, medical, and financial information. Understand, this is the preamble. Street lights, gas, water, telephone, and the like can be compromised. How? The interconnection of the computers is where everything falls apart. Isolation of systems from outside is the path. You could use humans as an isolation device...
@@theodoreroberts3407 NOT A REASON TO NOT START. THINGS ARE ALWAYS EVOLVING...EXCEPT FOR OUR FREEDOMS AND DEMOCRACY.
THERE ARE MANY SYSTEMS THAT WE USE THAT ARE VIRTUALLY HACK PROOF , LIKE BANKING, CREDIT CARDS, INSURANCE, SOCIAL MEDIA, ETC. ...AMERICAN IDOL IS A NEAT EXAMPLE, THEY HAVE LIVE VOTING THAT HANDLES LARGE #S AND WERE HACKED; LONG STORY SHORT, THEY FIXED IT!
@@onegod7257 who said not to start?! Actually, your at the beginning of why there was civil rights and why it has not ended. No man is free unless all men are free.
Excellent! Professor Wolff is always very clear and succinct. As I have noted here and in other venues before and will continue to do going forward, the solution requires that we admit and accept an idea a concept so foreign as to be unimaginable.
We must literally move beyond money and markets. We must bring forth all of our accumulated knowledge of science and the workings of Nature. All of our technology and understanding of human psychology and cognitive neuroscience to conceive and design an economic model to support and advance human life and the experience of living. Instead of one of conflict and warfare.
Throughout its development, as discussed herein by Professor Wolff, humanity has never even conceived of trying an economic model outside the parameters of scarcity, competition, self-interest, and profit. This is a model in which class hierarchy, inequality, competition, and conflict or war is inherent Just as there has ever only been one religion in the world there has only been the maturation of one fundamental economic model. Known today as the Market and Monetary System and Financial Capitalism.
Regardless of any of the various social orders adopted by a particular economic system, all nations operate according to the procedural mechanics required by a Market and Monetary System and Financial Capitalism. And, as noted above, this economic model is one of warfare. Every person is at war with every other person. We are born into a condition of war. We are raised and educated to be at war - to win ... don't be a loser ... it's you against the world ... nobody owes you anything you must decide what you want and take it.
Capitalism, Socialism, Democratic Socialism, Communism, Marxism, etc. at their very core are animated by the same impulse. The only difference is the social application. As long as we continue to rely on the same foundation it will lead ultimately to the exact condition and circumstances we are living through, now. Professor Wolff's history lesson proves this fact, but take some initiative and go back as far as you wish and check it out for yourself. We, as a species, have been doing variations of the same shit for more than ten thousand years. and guess what ... every great civilization, empire, nation-state, kingdom, etc always come to the place we find ourselves in this very day.
One would think that after trying something for thousands of years it might soak in that this shit ain't working, has never worked, and based on that it will likely never work. So, if one discovers something ain't working what do you suppose one might do? All I am trying to communicate is that we have to admit and accept that Markets, Money, and Financial Capitalism does not work as a basis upon which to build and perpetuate a supportive, healthy, well-educated, functioning social order. Nor is it conducive to nature.
The undeniable and factual truth is everything our society and lives are currently influenced and dominated by is unnatural, that is to say, contrary to or against Nature. The root socio-economic orientation of our system [I mean the entire overall system throughout the world] is derived from one premise [usually the first statement found in economic texts]: "Means and resources are scarce." Competition and warfare will always be produced from the idea of scarcity.
There is only scarcity in the world for the majority working class and poor. Today ALL SCARCITY is manufactured for profit. The functioning technology and knowledge exist this very day that could feed, house, clothe, educate, and provide access to everything else necessary to actually, you know, live - be alive - genuinely experience living to every person on this planet. I'm not talking Utopia, or anything of fantasy, science fiction, or the benefits of 420. I'm talking about systems and technology in use in some capacity and to some degree, right now
My greatest concern is our general willful ignorance and the ongoing demoralization and division of citizens. My apology for getting carried away. When I decided to comment my intention was the first couple of sentences and this ... As I have done previously I again strongly encourage Professor Wolff, his audience, and any who might come across this to get and read "The New Human Rights Movement: Reinventing the Economy to End Oppression," by Peter Joseph, BenBella Books, 2017. It is also available as an audio-book [Peter Joseph reads. He has a great voice to listen to. At least for me.] After a truly well researched and considered deconstruction of our system and condition, he offers some insight into trends regarding future possibilities, and finally some suggestions about how we might proceed. I promise with my life you will be changed in some way by what you are exposed to.
Thank you so much sir. Extremely informative.
Thank you Sir, I bow down to your integrity & honesty as I feel being one among the crowd as you are at the top of the list & I’m at the bottom and slowly climbing up
Excellent. Thank you.
I agree. Especially that we too often do not learn from history. In this, I see all government systems on the road to failure because of what they share in common.
I like seeing Prof. Wolff in new environments. In the kitchen! My response to this horrid capitalism model we live in is to create more cooperatives even to the level of cooperative corporations where every person owns the cooperative corporation. If we can figure out the components of creating such a business model, then we will be able to make some kind of positive change.
Seeing that La Pavoni lever espresso machine over your shoulder Professor Rick tells me you a man of refined taste.
I am an unemployed and homeless applied for government Aid haven't recieved a penny thanks USA
Well explained, thanks my professor!
Imagine this:
Waking up, eat breakfast, exercise, and spend 12 hours a day doing activities. Actually LIVE. If you’re a parent and have kids, you spend more time.
Imagine a parent working and a kid coming home from school. That kid needs their parents. But can’t because their parents working to make ends meet. That’s sad. That’s not the life to live.
Automation controls our production and do it more efficiently than humans, which means workers don’t need to sacrifice 12 hours a day, 5 days a week to work just to make ends meet. You’re not actually living.
We should embrace automation. It’s a short term, expensive upfront cost but in the long run, it will break even and then make profit afterwords. So all the government has to do is set a tax on those profits so that the money FUNDS our infrastructure.
The key is ACCESSIBILITY.
Example is walking to a store because accessible. But America nowadays you drive just to go to the store. That’s poor accessibility. And that raises the price.
The urban sprawl, building more single family houses and as a result, more roads need to be build and that means more cars. That’s terrible.
Where’s the public transportation?
Instead of building more single family houses, we need more apartments. We need to stop spreading out.
That’s why I found out about this “TOD city”
Transit oriented development. It means it’s a city designed for walking and public transportation.
A “car-oriented city” is a city designed for cars. Meaning you drive to work, drive to the store.
This is bad. We need more people walking, more people taking public transport. Less cars means less traffic congestion.
European nations already has better infrastructure than America.
Accessibility. Walking to the store, or taking the bus to work. It’s better for our health and better accessibility than by car. Less traffic, less cars, meaning less carbon emissions.
And that is where we the people need to vote. To ensure that the government does their job. To actually make a change. Use our voice to make a change. We should live.
Richard Wolff is brilliant. Not only an economist but a historian. An intellectual of the proletariat.
Some points to consider: Medieval Europe received a couple of temporary reprieves that extended it's life: first in the form of the black plague, which reduced the population to such a degree that it spared the continent's resources for several more centuries; and secondly in the discovery of the new world, which allowed dwindling resources to be replenished. Another point: to me capitalism is more akin to the Roman Empire than to Medieval Europe. Rome was fueled by constant military expansion, and when it reached the maximum limits of its ability to expand, it went into an irreversible decline. Likewise, capitalism is based on continuous expansion---population growth with increasing consumption of resources. When it reaches the limits of consumption(or likely it already has), it can only decline from there on (the proverbial "tipping" point that environmentalists speak of). It's what comes after the collapse that's terrifying.
Dr. Wolff. In the book The Sun King Dialogue by Daniel Alexander Brown, the author goes into economic democracy as being the only possible economic system that is ultimately compatible with life. The book is quite philosophical, but is perhaps the type of thinking we all could benefit from now to help confront the magnitude of this crisis. I was curious if you've read/heard of the book, and whether or not you might be willing to read it and give your take on it?
The system is unravelling!
Someone needs to give this guy a good mic and audio setup
Great video!
Qujanaq! Kalaallisut Greenlandic for thank you! Thank you for showing the parallels between fudlisum and capitalism. Also your house looks really cool!!!
6:55 "Get the picture?" Professor Wolff has had enough of capitalism's shit.
Professor Wolff paraphrases 2 of my favorite quotes here in 1 video:
"An Injustice Anywhere is an Injustice Everywhere" -Malcom X / MLK (I'm no historian, please find out for me then tell me what you learned!)
"History repeats itself, the first time as a Tragedy, the second time as a Farce" -Karl Marx
thank you for this vid!
Would love your thoughts/commentary on the idea of Neo-Feudalism as it applies to society. Love your work.
God I wish my teachers taught me about marxism in school
So what's wrong with learning about it in the school of life, J.Z.?
JSB103 well, it just feels like I was short changed in my education lol plus It’d be nice to be able to ask a professor all the questions I have related to Marxian economics.
@@cloudmane4159, in this information era all the data you need is available on the net. You can find books, join a blog and interact, etc. There are many choices open to you.
Neal Murfitt what? Im 26. They simply didnt explain marxism to us in econ or history.
They might have touched on him and the ussr but it was all surface deep western propaganda. All i learned was to glorify Keynesianism and adam smith.
@@cloudmane4159
And if they did, would you of even cared enough to be interested? Just how many students do you think would? What is stopping you now from learning all there is about the subject. You see the problem is Americans need to stop blaming others for their ignorance and short comings, especially in this day and age. The fact that you are listening to Prof. Wolff is a step in the right direction.
well said.
I always like a fundamental historical underpinning to my economics :)
One of the biggest flaws I see with capitalism is endless competition. Such a divisive economic philosophy. Americans largely hate each other especially when it comes to money and status. It's unbelievable how a roofer or anybody else who busts ass makes less money than someone who throws a ball around for a season out of the year.
You are hugely influential in my perspective... when I found out you taught at UMASS (being a UMD student) I felt like I was a part of something bigger than me. Like minded individuals being taught the truth.
Thank you for speaking truth to power for us young people 💕
I would argue we entered this stage way before we entered the current century.
After WWII, capitalism could not have survived without USA being crowned the king of capitalist states, and trough Marshall plan it funded capitalism in Europe: not by just directly funding corporations, but by funding the very states that then funded their corporations. And like all kings, USA had to build an army to protect the states swearing alliance to their king: that would be NATO.
So in this sense, the kingdom is already established, and has been for a while. While the conclusion of this metaphor still holds - states will be more and more clearly the backbone of capitalism - we should not disregard the fact that capitalism already was very united and ordinary, but that alliance is now somewhat weakened: USA doesn't enjoy the same soft power it used to, there is no Soviets posing a unifying risk, and China is very much fighting to win over the crown.
That's something that blows me away about Bernie's campaign. He had the majority of service personnel donating. Which means the military believed in the message. Why did he give up...?
Good analogy.
What do you think about Elon musk? I work for Tesla and he is forcing us to work and threatening to take our unemployment, even though the county health officials say it’s illegal to start up.
Brent Geery to bad I don’t lol 😂 and I’m been a thorn to Elon for 5 years
We need Prof. Wolff to run the country.
I agree with a lot of your argument, but I suspect that like the church, even with all its faults, the main one being the glaring departure from the central teachings of its founder (you'd think that's almost instantly fatal), America will limp on for quite a bit. Many systems have some resilience as long as they are not subjected to too severe external shocks and as long as there are enough internal components which are able to dampen the perturbations caused by instability and contradictions.
When the Romans no longer had a state. They turned to those who could hold and defend land and offer them safety, room, and food for service. The middle ages were off and running. I don't think we'll go there this time. Too many better alternatives.
it will in some places.
It would be interesting to look at the manner in which we adopted the next system out of feudalism. Why did it evolve into capitalism? What human psychology and other natural forces drove us to create the system we have today IN PLACE of feudalism? Assuming capitalism dies, what can we say about the system after it?
the basic problem is rather well understood through the teachings of eastern philosophy. you cannot govern by ruling. it can't work. That which happens, happens *of itself* , not at the whim of any process bossing or ruling it.
Today we have a system which does not permit the existence of any outsider, and requires obedience from all participants, in the form of a purchase. It demands we pay our citizenship fee, to the boss or the ruler. We even have a proper name for this boss that actually describes what is happening: Land Lord. The entire thing is a dead end, self frustrating game rule.
The system which follows capitalism will center in sovereignty of every participant, their voluntary participating in the social system. Mutualism.
" THE SYSTEM IS UNRAVELING " ... ACTUAL FACTS ... SALUTE 💪🏿💯👍🏾 .. MAY GOD MOLD AN SCULPT MR WOLFF MIND AN EXTEND HIS DAYS.
At 8:54 in this presentation a telephone rings. It was probably someone from the SPUSA calling to warn Professor Wolff that there was an ax handle wielding gang of thugs dressed in Brown Shirts and Red Hats on the way to his house, carrying torches and chanting slogans.
The 3 crisis you are describing were caused by State intervention in the market. They are not crisis of free market capitalism, but State power deforming and in the most recent case, preventing by force, economic activity. The dot com and the housing crisis were monetary crisis of inflation and it's impact on the price structure. At no point have any of these been a crisis of the market or "free market" capitalism.
The way I see it, Capitalism is just the last in a long line of systems all with a similar premise: *competition* for dominance, power and control, to keep those weaker lashed firmly in place, and to tear down one's rivals whenever opportunity presents itself.
But competition is ultimately destructive, chaotic and wasteful. It spends time, energy, resources, *lives* in struggles over who is in control. Those who win such struggles consolidate their power, and when the time comes to bring down their next rival the struggle is even worse.
We used to have nations and empires warring with one another, conquering lands and peoples and incorporating them into an ever-growing whole, but as the map became divided among an ever-dwindling number of empires of ever-growing size, the conflicts between them threatened to upend the entire system.
Once, long ago, when resources were hard-fought and hard-won, these conflicts may have been about survival. But we have doubtlessly passed the point where we are capable of meeting everyone's needs, and are instead fighting for the right to become disgustingly wealthy at the expense of everyone else.
We need to move towards a system that is cooperative in nature instead of competitive; that seeks to feed and clothe and house all not for profit that we can use to establish dominance, but because they need those things to live, just as we all do.
That is a wonderful dream. Unfortunately it's human nature to subjugate. We are evolutionarily designed to be greedy, we don't have a built in mechanism for less. Some might but the vast majority don't. If you put a bacterium in a petri dish with food and no enemies it will replicate itself until all the food is gone and it will die. That's what we're doing to ourselves, if we don't destroy the planet first.
@@jcsrst I don't buy "human nature" arguments for greed and domination. In my understanding, the two core parts of human nature are:
1 - As a living creature, we want to survive. Living things that don't want to survive don't stay living for long. Barring extreme disfunction, we will do everything in our power to stay alive, and can go to great lengths when pushed to our limits.
2 - Like our cousins in other primate groups, we are a social species. None of us are particularly well-equipped to operate in total isolation, especially in the modern world.
Beyond that, I tend to favor nurture much more over nature. We are, by and large, what we have learned to be as a result of our life's experience. Some of us learn to be cooperative and work together, some of us learn to be competitive and dominate or be dominated.
Lastly, we are not purely creatures of instinct; we have intellect, we can observe the world around us, we can learn and make choices. We have not always operated our society the way we do now; we will not always operate it this way in the future. We should be looking forwards, not resigning ourselves to short-sighted, self-inflicted extinction.
@@devinfaux6987 I agree with much of what you say, however, even primates war. I do agree that nurture has something to do with it. Currently our capitalist society breeds poor nurture. Any system that doesn't value human life is a nurture problem. Psychopaths are sometimes born into perfectly loving families so it's not all nurture either. History repeats itself just like he is saying in regards to the few dominating the many, this is how it's ALWAYS been and will always be. There are periods where society corrects itself but the powerful always find a way to assert their dominance again. To think otherwise is to not know history. Of course we should look forward and I love it when people say that but I always imagine a tRump rally and wonder how you'll change their minds... Ultimately we may find an alternative to capitalism, history say so, that is if we don't destroy the planet first.
There is NO chance to avoid the disasters. We can delay them, but that will just make them worse when they arrive at last....
What's hanging on the wall behind Mr. Wolff? Just curious.
Dr Wolff, in the state feudalism example, states ran themselves into the ground because they were competing with each other. And from my understanding, that competition led to huge insecurity even for people in the upper classes. Because of the insecurity, upper class people were more likely to support reform/revolution--this seem key.
In capitalism today, competition seems non-existent. And it seems that states are complicit with the cartels that are running the major industries. And in our system today, the 1% seems to be taking decent care of the top quintile--without their support, do you think change is probable?
The Occupy Wall Street movement was violently suppressed the the government and that was barely covered by the news. It's conceivable that if one western nation had a hard time squashing a socialist movement, another state would help.
I don't want to sound cynical. I think eventually change has to occur, but I wanted to know how do you think it would play out? I know you are a big fan of worker-owned co-ops. What other forms of external power structures do you think will play a vital role in the end of capitalism?
I dont understand how fuedalism came to end...because of decentralization or centralisation?
revolutions - starting with the French.
@@Rayhuntter which lead to the napoleonic empire, lol
@José Pedro Coelho thnks comrade
The Plague was a big part of it. It undermined the cultural authority of the royalty and the church, and the merchant and labor guilds rose to prominence.
th-cam.com/video/eaf7VLyKCGg/w-d-xo.html
It's weird that in your railing against feudalism you name two of the very few women monarchs.
they’re big names that people know and have heard of, to be fair
This dude was spot on. He put this out on May 12th.
Before analyzing this subject, you must first have a better understanding of human nature. Every system has its foibles, but you must first take into account who is in charge of its operation and whose interest is being served. In this case, it is humans. All of the parameters of a working system are in jeopardy when people are involved because self-interest outweighs all other considerations. The constitution takes the vagaries of man into account and attempts to save man from himself - surprisingly, it has succeeded extremely well- despite Man. I think Mr. Wolff sees the world the way he would like it to be, rather than accepting the selfish nature of humans. His theories might function well in a world without Man.
The political system that democracy runs on has deep roots in an adopted system, albeit modernized, that of imperial styled monarchies. As long as this outdated political system is grounded in the mentality of imperial dominance, our democratically elected political parties will always end up wanting to become the next ruling emperor by pushing for more government control. This insidious political system has hijacked democracies around the world and if radical revision of how it functions is not remedied it will never truly put the fate of the economy or the very planet we live on, firmly in the control of the people. In short, democracy is alive and well in the hearts of the people but unfortunately the bus it is riding on is fuzzed
Prediction : the climate crisis will be the last straw of capitalism. And unfortunately I don't think even a single human will be there to pick up from the ashes.
The capitalism that exists today is the worst economic system in the world.
gary grine Is working 2-3 jobs to barely get by the highest standard of living?
@@cryptodan3837 lol it is when you think about slavery that is still going on in all civilized countries and in all 3rd world countries. America has a great standard of living, for a long time we were brainwashed to see the bars in 3rd world countries all while getting the same bars installed in america as it waged war against communism lol the same governmental control that america has had since it was created to destroy the native american population.
The allegory to feudalism by contrast is only valid for a southwestern part of what is now today the Russian Federation. Otherwise, economic and political systems evolve separately: as is evident from the rise of China.
Incontrary in india we are asking self state authoriets
The Federal Reserve (Not a Govt. Entity at all but a Private Corporation) needs to be disolved. The U.S. Govt. needs to bring back the Greenback and not have to go into debt to take care of its citizens.
Here's a link to Wikipedia - Basically "Greenbaks" was Fiat Currency / Dollars printed and issued as legal tender by the U.S. Government (Union Government) during the Civil War.
They Did Not Borrow Money to Issue The Greenback Currency. It was brought into existence out thin air straight from the Government/U.S. Treasury's Printing Presses.! - en.wikipedia.org/wiki/Greenback_(1860s_money)
If Economic Activity sped up too much they could just increase Taxes to remove excess dollars from the systems preventing inflation from taking off.
Basically over 99% of Dollars printed back then went for Productive ues to make things, pay for war materials from manufacturers or pay farmers for food production.
This is as opposed to today's Financialization Economy where most of the dollars in a market just get traded back and forth and very little production of real goods takes place percentage wise in relation to the amount of money moving around in the economic system.
You really are dense. I'm not talking about issuing "Civil War" Money today.
What I'm saying is the Fricking U.S. Government could just issue legal tender electronically without having to put itself into to deeper debt.
They should use history as their Guide and memick what was done during a time of need for extra liquidity in the economic system back then during the civil war.
We ( meaning, The U.S. Government) and our Citizens are big enough and bad enough that we can create currency, legal tender, cash without hocking the Country and its Citizens.
Look up MMT - Modern Monetary Theory. The Federal Reserve (Not an Agency of the U.S. Government but a Private Entity owned by Private Member Banks around the Country in their respective Federal Reserve Districts " OR" The U.S. Treasury are on the verge of creating a crypto currency to be issued directly to the U.S. Citizens without putting the U.S. Government into more Debt. We can still get away with this for now as long as the US Dollar is still the World's Reserve Currency. Look that term up sweetie. You have much to learn and catch up on.
I think Richard is exactly right but the thing that scares me most is what will take the place of capitalism? Power and money has been to centralized to fewer people now and these people will no give up their power and money willingly or easily. Socialism would be a move up in the evolution of man kind but there are too many people around the world that have been brainwashed into thinking capitalism is the only system.
Its not the end, but the beginning of the end !
The end is near, and corporations are making a mad dash for cash....money at any human cost.
the first thing to do, is stop calling it capitalism. it's just greed in an expensive suit. call it greedism. greedism is built in to the usa, a national culture, and it won't go away for generations after the looming economic collapse. democracy also seems foreign to the national culture, which is strange, as many individual states have some or all of the functions of a democratic society. no one is calling for democracy, very few suggesting socialism would be a good thing, and usa glides on to destruction under direction of greedy elites. just another failing state, not special at all.
No - capitalism is the best term. It directly points to the fundamental economic base. Reducing the destructive mess of current social organisation to individual morality or emotion weakens the analysis and its resultant action
let's not muddy the waters here - call a spade a spade. capitalism is a system of bourgeois government with a private market. socialism is a worker state with communally held resources. i know which id prefer
If the cycle is: private > state > failure. 2 questions, how bad will the failure be? What comes next?
Read up on the collapse of the Soviet union.
22 million deaths.
That's what's coming. Also massive famines are coming now.
What comes next?
Socialism. IT's that or more death.
do you think the People's Republic of China will, like how they were before their phases of privatization coinciding with the rise of global neoliberalism, revert back to a state capitalism without a subordinate private mix to state financial institutions and leading sectors? and or will it become the same in a different form form what came before?
It's time to get my board and go serfing.
Is this change in economic system gonna have to come thorugh revolution (specifically violent ones) as it has in the past, or is there an alternative?
The chief, the king, the big kahuna.
History does not move in cycles and it never truly repeats; each episode is slightly different. There are and will be similarities to what came before but every stage is unique.
Also your analysis of the rise and fall of feudalism has a few holes in it. I'm not sure if you left details out for brevity but I think things like protection from foreign threats and the suppression of education are really important and shouldn't be overlooked.
Lol you are right history doesnt repeat, because there has always been filthy rich people while the rest of the world is left with nothing.. that is the history of humanity, a lot or resources for a few, while the rest of the people are slaves.
Imperialism - the final stage of capitalism. - Lenin
SALUTE 💪🏿💯👍🏾
Interesting theory, but the consolidation of Feudal economies wasn’t a different system, it was an inevitable expansion of a hierarchical model very much like the consolidation of capitalist businesses into monopolies. Rather than being the birth of a new system, this looks like a desperate regression to a previous model during a crisis. It’s a frantic attempt to adapt where adaptation isn’t really possible. Adaptability is inversely proportional to the level of specific adaption, and our capitalist economies are deeply adapted to a specific environment. Unfortunately, environments change and so is ours. That means we’re going into a period of de-adaptation or collapse which will proceed in stages from one crisis to the next until we reach a level where adaptation is again possible. When we hit bottom is when we’ll see some new economic models emerge. Assuming we don’t go extinct first.
We are already in state sponsored capitalism. So what's next private socialism? What exactly does that mean?
I personally disagree that there should be no hierarchy’s. Hierarchies are very important not just for society but the organization of society. Like for example my supervisors are not oppressive, their very good at organizing our workers to fulfill our job. Removing hierarchies is a fantasy.
So the question we are having is what hierarchies should there be . I have concluded that these ideologies of anarchist or wrong, all fascist are wrong and all communist are wrong. So what system of economics and form of government are we talking about s transitioning to.
Have I told you lately that this guy is a genius?
Capitalism seems to have major problems that need bail-outs by the state. It's only a matter of time before the state realises how powerful it has remained.
I believe "the state" knows exactly what capitalism is all about. Because at this moment in time, the state is being run by a corporate oligarchy. The billionaire elites have manipulated elections, paid-off congress, appointed judiciary, and bought up the majority of mass-media outlets. The government is now operating at their pleasure.
I couldn't help but some Arabic inscriptions on the right side of the video in Wolf's house. I wonder what's the story behind that.
What politician is running with a focus on labor and capital relations?
James Boyd Bernie
@@beadmecreative9485 too bad about him...
What's he running for now?
Who else?
The government doesn't need our money to pay taxes. They don't need our consumption to create revenue for the corporations that are the source of the financial property of the stock markets. Soon, the only way people will be able to survive will be to borrow even more money to replace what used to be earned income. The creditors who lend (the ruling class) will need to "secure" their loans, just as they did with student loans. Borrowing to buy a house uses the house as collateral. What will be the collateral that secures the lending to the creditor when we reach the point where the majority of us can't work enough to survive? The answer is our bodies. The new collateral will be the new identity politics - serfdom 2.0.
The antidote to this is our numbers. The income producing property of the world, both financial and real, is in the hands of a tiny minority. The only thing we need is class consciousness.
The false consciousness of identity and culture keep us from knowing that social class is real and able to be used as something that people can have in common with each other. Sorry, that was a mouthful. People should be able to bond around social class as easily as they do around race, religion, etc. Yet the American public largely doesn't even know that social class exists. The reason is that we are consumers first, people second. No social class discussion allowed. Citizen as an identity is encouraged, especially for the liberals - since it entails pride in paying taxes.
The two types of American that are bound up in false consciousness are liberals and conservatives. Liberals are mostly happy with the status quo, especially since the "deep state" is mobilized against Trump. Liberals are also happy with the status quo because they are more educated and believe that American neoliberal capitalism is the most progressive form of society that can exist. They don't want to acknowledge social class because that would mean that they would have to be labeled as oppressors, which would be a huge contradiction for them. They are the group responsible for the genesis of the "snowflake." Hard to be a snowflake and an oppressor without people laughing at you.
This leaves the conjugate form of the liberal: the conservative. I'm not thinking of George Will or William F. Buckley. I'm thinking of Hillary Clinton's deplorables. These are the people that Bernie Sanders somewhat successfully tried to appeal to in 2016. They want universal healthcare, a strengthening of Social Security, good public education that continues to college, good vocational education, and so on. This commonality with the real left-progressives makes Washington D.C. very afraid. Double if you consider that racism has an inverse relation to class consciousness. The more class consciousness exists, the less racism exists, and vice versa.
This is why both parties absolutely must constantly assert the 50+ year old identity and culture wars. Trump has done an enormous favor to both Democrats and Republicans. He has made bigotry popular with the GOP base and righteous indignation for the victims of bigotry popular to the Democratic base. The problem with the Democratic side is that the indignation only extends to identity and culture, but not to economic realities. As we all know, the shine on the Democratic Party's exterior is wearing off. We see their hypocrisy.
The two party system effectively functioning as one party was born on identity and culture. The current makeup of that duality originated with anger at blacks and liberals during the Civil Rights movement. Nixon's Silent Majority campaign in '68 was its birth. Reagan was the start of its dominance of American political life. The country's political and economic goal posts had moved to the right and the center has constantly had to move with it. The group that is at the right most edge, politically, has always been the "deplorables." They are the ones that are like sacred cows for the the entire false consciousness of the American public. The Democrats' sacred cow would be the group most affected by the bigotry of the GOP's deplorables: the American blacks. This is why the Democrats have been able to take black voters for granted. The Democrats are thankful for the "heavy lifting" that the deplorables do for the GOP.
In order for class consciousness to emerge in America, the sacred cow of the GOP needs to be unplugged from its Matrix, (as in the movie). These deplorables are the Jewel in the Crown. They are the ones pushing to the right. The media love them. All the flag waving, dungarees, little children, grandmas and grandpas. They are like Norman Rockwell paintings on methamphetamine. They do the work, the ruling class cashes in. The liberals have something to give their vapid lives meaning, and American blacks are figuratively and literally disenfranchised because they have nowhere to vote except establishment Democrat. The rest of us on the left had to follow the American blacks, until 2016/2020. We now see how rigged the system is. Everyday we, in the aggregate, learn more about economics and political economy. People like Richard Wolff, Michael Hudson, and so many more teach us. We are growing in number and influence. Will it become big enough to reach critical mass? I don't know.
love how covid kind of thrusted the US into this weird pseudo state of socialism. I guess we can only wait and see how it unfolds. many people got financial aid relief, and we saw a mass exodus from the American workforce. but they're searching for more meaning within themselves, not anarchy (as some people would fear).
lets hope that the covid disaster was a page turner for a better humanity, and not a prelude for worse to come.
I never have heard a such a wrong summary of the history of, what seems to be, I think, Western Europe. The rough draw he gives perhaps might apply to France but calling England an absolute monarchy? Pray tell, when did that occur? And how can it be: an absolute monarchy is literally a monarch not bound by anything. This in a country that had the Magna Carta, which established that the king may not levy or collect any taxes without council and finally a parliament to curtail their monarch?
One of the most powerful states in early modern Europe was the Netherlands, which wasn't an absolute monarchy, which wasn't a feudalistic society and co-existed during the time France become an absolute monarchy.
Just read the Wikipedia on Feudalism or Absolute Monarchy.
This guy's name is Dick Wolff.
I think is Wolff Dick
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The sequence being talked about is: private feudalism --> monarchy-supported feudalism --> private capitalism --> 'democratic state-supported' capitalism [the latter heading towards a collapse]. Alright so, what next? Certainly not, Communism a' la USSR or Mao's China!!! If anything, we want economic decentralization and participatory democracy.
Revolt, followed by something like the Chinese model.
They are becoming more socialist, not less.
But we are going to need a strong central control to even HAVE a future.
@@antediluvianatheist5262 You joking or what? Even the good old professor will not agree with you! He is all about democratizing the workplace via worker co-ops and a state that supports that transition. At least on the face of it, he is against private or state ownership on the means of production.
The video was good but I don't like the fact that Richard called Europe a state at the end of the video. 9:30
@@michaelgrant169 ok
Basically every country is bankrupt…..
Caseus Magnum Rex
Corona means Crown.
What is the next stage then? If it’s socialism what’s after socialism? Communism?
And what type of socialism are we talking about is it German social s during WW2. Is it socialist Russia or China.
Or is it a new capitalism and not socialism. Maybe a new capitalism that we don’t think is possible.
Nazis were not socialist much like how North Korea isn't people's. Claiming shit doesn't mean that it's true. No new system is implemented perfectly at the first try, the French republic which was the first democracy in Europe and it fell. That doesn't mean that democracy was the cause of the fall. Besides the only reason why socialist states fail is because they are meddled by capitalists.
@@agentprismarine2778 I like that perspective. And I understand it. But I have to push back a bit. Nazis are socialist. It's just a different brand of it. It promotes the ideas of collectivization and command economy. I really see no difference between the two. So that's how I see it. I understand that you want to keep trying it. But the new successful models are not based around socialist ideas. They are based around capitalist ideas. Because representative government is way more effective with capitalist systems then socialist systems. And we can argue about many definition and types of socialism. But my mentality of thinking is based off the englighntment age thinking of goverment.Which socialism completely contradicts. In the work place there needs to be hierarchy, there needs to be employer and employees. And you could even adopt ideas from Germany and Japanese economies but it needs to be based off private ownership and free markets. It just works better. Besides socialism is too oppressive. Because enlightenment thinking would conclude that too big of government is the enemy of the people. Which socialism requires a large government. And if we are just talking about economics, which we cant because socialism requires a government debate and individual right debates. Which capitalism has already solved in democratic governments.But even in economies capitalism is better. It makes real prices not fake ones. It gives real value not fake value. It gives individual rights, not fake rights. It promotes more innovation and most importantly provides more for it's people. And for the fall of those states in 1991. I mean I have seen the same types of nations under capitalism not fail. I have seen nations with the same situation as those socialist counterparts and their capitalist economies still did well. The only outlier being economy type. And it just so happened that the eastern bloc fell, Angola other communist in Africa fell. Also in Asia and south america. So I mean every region of the world with different starting positions and history and people have had communism fail. So I conclude no matter what you do with it, it will fail. I did enjoy reading your perspective. I just had to respond with mine. Have a nice day.
@@someonenew439 nazi are socialist okay ben Shapiro told me
@@loona_mew there is no difference between nationalizing a ethnic group and nationalizing a class. There the same.
is that arabic calligraphy to the right in the background?
I think you are watching the wrong video.
No. Just brushstrokes on tiles.
I'm watching on my phone and even I can see that it's decorative tile. The one in the center square is a line art lion's head.
You may need glasses.
@@KarenParkerArtist you could have just said no, but your name is Karen, so that explains a lot
@@The_Angry_BeEconomist And your name is Angry. Which sorta speaks for itself. Pot/Kettle etc.
It's an itony that i have to type with my thumbs about a right-on I can barely articulate with words.
As time passes, people will realize that social democracy and fascism are actually synonyms
If capitalism dies. Then what’s the next stage. And will this stage protect the rights founded in the enlightenment age. Because the last thing we need is a new system that destroys our rights like the Soviet Union or China. Is it possible to transition if there is a transition with individual rights. Because individual rights are so intertwined with private property.
But I would like an answer from some one. What is the next step?
If it’s socialism then how do you protect our Enlightened ideas?
How do you have an economy like socialism when history has shown it’s not as efficient?
I personally think that the problem is not capitalism but government power. Also you can’t change the economic system without changing the government system. So for anyone to answer how can we possibly change this system ( which I like) while keeping the government structure of say the United States which is also a superior government structure to the rest intact.
I am not being sarcastic these are actual questions I want answered.
Second comment. Capitalism is suppose to have winners and losers right. So I think the problem is that government both on a conservative and liberal spectrum don’t allow them to fail. They keep bailing them out. So ultimately the government needs capitalism to just be left alone for the most part and let people fail. Only have laws for labor and unions and stock market exchanges and let the system work. If people lose and their business goes bankrupt then that’s ok. You are right mr wolf that the government is sustaining the system too much. But it can still be saved.