Thank you, Professor Wolf for your excellent discussions, and clarifications! They are essential information for my ongoing education! Always welcome as they come my way!
whoever believes this non-sense, wake up. socialism does not work. it makes corruption easy and people lazy. china is in decline wolfe. stop pretending its a model society. if America is a failure, how is it that majority of the world population still wants to come here for the opportunity. what a joke.
Thank you Mr. Wolffs for your economic educational philosophy and it pleasure to hear your thoughts and insights on domestic and international economic issues.
whoever believes this non-sense, wake up. socialism does not work. it makes corruption easy and people lazy. china is in decline wolfe. stop pretending its a model society. if America is a failure, how is it that majority of the world population still wants to come here for the opportunity. what a joke.
I’m very grateful to have discovered this channel and Prof. Wolff. I’ve been a leftist since I was 12 years old, and unsurprisingly it’s been a struggle over the last 2 decades to find anti-capitalist voices in the media. The last 5 years however have given me hope that these ideas are reaching more Americans, with the apparent increase of more independent leftist media outlets online getting attention from Gen Z and Millennials like myself. Thank you Prof. Wolff for being a voice of reason and sanity for all these years and keeping these ideas alive in the United States and abroad.
whoever believes this non-sense, wake up. socialism does not work. it makes corruption easy and people lazy. china is in decline wolfe. stop pretending its a model society. if America is a failure, how is it that majority of the world population still wants to come here for the opportunity. what a joke.
You're welcome 😊.. and don't forget to teach your children that there are alternatives besides a profit driven capitalistic economic system ..😊 in every situation or sector of humanity needs and necessity.
A while back, I sent Charlie a request for Prof Wolf to compare/contrast the current symptoms of late-stage capitalism vs late-stage feudalism. I dont think it made the cut. But thanks for the opportunity.
After following Wolff for several years, I think master/slave covers it. I doubt we've ever been more feudal than now or more confused about what that means.
I read an article talking about how supposedly Biden is/trying to make it possible to bankrupt out of student loans and I sent that onto Charlie because I wasn't sure if it was true or not (or propaganda) and IF it is true, how would that effect said students vs outright forgiveness. I thought that would be interesting to hear Professor Wolff's wise words on.
@@breft3416 True, for Wolff everything is "slavery"...the only problem is that the result is "democratic slavery". At least for those who are capable of comprehending the meaning of the word.
Absolutely brilliant! I wish we would have more people like you, especially in the young generation. It is very important to explain these issues on a bigger scale. Greetings from Slovakia.
Exploitation is built into all market systems. Doesn't really matter what you call the kind of market system. In every country and in every modern economy there are rich people and poor people. This is a normal result of using markets. And it's a constant problem because the exploitation is inherent to markets. It's part of the goal... to get more than others. To do that someone has to be exploited. The problem we are really talking about is authoritarianism. Markets are just a tool that authoritarians use to control resources and the people that participate in economies. Which is why authoritarians set up markets in the first place. To control things. This control is always against the interests of the people who are being exploited and it undermines the effectiveness of the communities that allow authoritarianism.
China was the only country that agreed to build processing plants for developing countries in return for natural resources. Zimbabwe wanted foreign companies to develop their lithium mines, but they wanted them to build them a processing plant. This was requested, so they can sell processed lithium for more money. No W e s t e r n mining company would do it. Only Chinese mining companies granted their request. In Indonesia is the 2nd largest producer of Nickel. Only China agreed to build them a processing plant, and no other country would grant that request.
The reason unions have gotten weaker over time is because owners are using more and more automation. This process is accelerating, not slowing down. The goal of the market types is to have zero labor costs. So organization is key to making the kind of change we want, but that organization is not going to center around the workplace for much longer. This move to automate, and offshoring to countries that have cheap enough labor to make the cost of automation too high for profit takers, have worked to undermine LABOR unions for half a century.
@@jgalt308 Depends on how you view the world, really. If you think the individual is the most important, then you wouldn't care for unions, democracy, collective bargaining... anything that restricts the individual. If you think the community is more important you'll focus on community stuff instead of individual stuff.
and the #M2/CB/CD/WI/FI fails to consider that an intelligent response would be to evaluate the circumstances that would actually inform one's choice. One size fits all is not a reasonable representation of reality.
Listening to this now on the podcast, lmao at Prof’s description of this “CLOWN” Javier (don’t know spelling, soz) 🇦🇷!! “He’s DIFFERENT!” 😂 I love Prof Woolf! ❤
If this man were voted in as POTUS, he would destroy America. This man is completely evil. Communism is a boon cult religion that leads to millions starving and dead. History is evidence for this fact.
The president doesn't have the power to flip economic policy on its head by themself. In reality, the greatest power that the president holds is that of the presidential stage. We need a president who will use that stage to talk and unite the working class, not play around with policy. To me, that's RFK. Technically "capitalism" isn't the problem. Capitalism is just the name we give to an economic system that privatizes ownership of profits. But say, for example, the working class created a national union that demanded living wages and succeeded. The profits would technically still be privatized (capitalism), but the owners of that profit would be forced to distribute those profits more appropriately. By extension, the owners would still "own" the profits by law, but the working class would _effectively_ own the profits. In effect, all those dividends paid out to shareholders would be dissolved into working class wages. All of those capital investments would no longer be generating a return _on_ investment, but instead, only a return _of_ investment. In other words, capitalism is not failing... Working class organization is failing. Communistic economies can fail in exactly the same way as our economy is failing. If the working class gets divided in a communistic economy, then they end up electing corrupt politicians who change the economic policy to benefit themselves. This can take several decades. The determining factor of whether capitalistic or communistic economies benefit the working class is class consciousness. With low class consciousness, both economic systems will fail in time.
@@limitisillusion7 The system you described is a guide to hyper inflation and the gutting of the middle classes buying power and potential. The beauty of Capitalism is that the Market drives production, not some seedy little dictator or comity. On of the primary reason Communism always fails was detailed in Atlas Shrugged. It's happened all over the world, and it's happening again in China as we speak. China is hollow with ideological rot, both figuratively and physically. Mr. Wolff is a mean little man with a sourer tongue and feted breath. He looks completely miserable inside and out. It's sad, I though he has passed a while ago. It's surprising to see him still kicking around being foolish.
@@YouCanNOTvoteOutFascism I agree actually, but feel that a strong showing from a non candidate with Prof Wolff's library of education on socialism (both here on Democracy at Work and on his personal channel) would have to generate interest and could swell support for that "side of revolution" until it is more substantive than the entire watermelon patch. I agree with your username too. It reminds me of a James Rehwald short called when you vote fascism away.
At Last: Michael Hudson vs. Richard Wolff...as broadcast on Dialogue works 1;28:06 Again one has to marvel at the comments that think there is an agreement between Hudson and Wolff when there is a direct conflict that surfaces around 33 minutes and is repeated continually from that point on. Wolff has continually avoided acknowledging this "conflict" regarding the "rentier" aspect of the pre-industrial economies as well as Marx's expectation that "capitalism" would resolve this problem. ( and that it failed to do so. ) For Wolff, every problem is CAPITALISM, without distinction...and everything after that is moral posturing with selective historical references that are inaccurate and are essentially a distraction designed to continue this avoidance. Unfortunately, to the detriment of the audience, Wolff has learned that by filibustering that his distraction was successful...and he can continue it, without Hudson directly challenging his avoidance. It appears that the goal of this moral posturing is to unite the innumerable faction of "victims" into the 99% that his rhetoric implies is being "exploited"....and this demonstrates his historical and psychological ignorance of both human nature as well as the objective reality of existence. For those more familiar with Wolff than Hudson...what was not emphasized was his typical reference to democracy as a solution...although his employer/employee was mentioned... so that the result of this, this discussion????? was a waste of time...and both the meaning of "capitalism" and "democracy" can remain "undefined" ...and the "virtue signaling" rather than any actual historical or economic education will continue. What would be interesting will be the actual time difference between that of Wolff and Hudson in this exchange. The answer to the question is...the time consumed by Wolff is roughly twice that of Hudson.
Oh look! An Ayn Rand acolyte. Small wonder you can't come up with anything more than the musing of an angsty high school student who thinks they've uncovered some esoteric "truth".
Dominio sugar uses actual slaves in Dominican Republic. Please look into this. Sugar goes to USA cheaper than anywhere else in the world from this country
Thank you for the honesty.. People should realize good and evil should be held at a higher moral standards.. should be applied justly and equally regardless of creed. So, truth was said about late bloodsucking warmonger Kissinger! For that I salute you!.
I was 19 years old when I fought in Vietnam. We young Marines did not see the truth of the war until we landed in the country. It was all a lie. Our attitude was not to fight for victory but to survive and get home. Morale was low and we all felt we had been played for suckers.
29:14 that why large corporations pay more for identical work in small companies/ monopolizing the workforce and then dumping them like pawns when job numbers and inflation need to be adjusted. So it makes sense to have small family run and co-ops like Chobani yogurt or if you’re in San Francisco try zazie cafe!
What was Javier Milei final price tag? Until you get honest folks in govt with integrity that cant be bought off, you will get more of the same. As for Germany, didnt they have the strong unions with labor always having a seat at the profits table? Germany almost socialistic, yet now in the toilet due to energy and no more cheap labor? None of this making any sense. What difference immigrants or not, if the issue is expensive energy.
Good luck Argentina. I mean that from the bottom of my heath. I think you are going from very bad, to worse though. The problem is probably corruption, and it so hard to get rid of it once it has a grip on every corner of public life and government.
Re: Argentina, With the proposed privatization of so many state-owned businesses wouldn't it be great if they chose the worker-owned co-op model? Alas, a klepto-oligarchy is probably what they'll end up with.
Did you know poverty alleviation completed in China, CGTN The Point-Hub-Heat, Einar Tangan-Martin Jacques-Lijinjing.. Reporterfy Media supporting Patrick Lancaster-Scott Ritter-Cyrus Janssen... Luv your work Prof Wolff
Instead of making huge profits -many industries should fix their percentage profit with respect to the input cost. Also a fixed amount of depreciation of machinary( may be calculating) is also included Sothat the purchasing power of consumers is also important. Lesser the percentage of profit greater the profits in the long-run due to increased sales/ cosumption.
The problem with organizing around the workplace is that automation is cutting into the labor force at an increasing rate all the time. Prof. Wolff is going for a constituency that is shrinking. Hard to understand how such a smart man could miss this. Automation is destroying the economies that use it. How can you have a market economy without also having people to buy what you produce? How can people buy what you produce if they don't have a job because a robot provides that functionality now? The market economy is the old social model, and it was used to enrich the very few who "won" under conditions that promoted ruthlessness and criminal intent. AI and automation are putting an end to that model... not socialism. The struggle for the owner class at this point is to get rid of all the (now useless) labor their economic systems created to give the owner class control of the resources. The main function the extra people serve now is simply to give the rich and powerful a sense of their "elevation" about the rest of humanity. That's their perspective. From the bottom of a cesspool. Which last perspective, is mine.
We've been propagandized since birth. Many of us don't like the uncomfortable and painful feelings the truth gives us. Finding out that one has been lied to their entire life can be excruciating for a lot of people. So, the knee jerk reaction is to double down on what is programmed in our minds.
Most people believe in a system of meritocracy that doesn't exist and think anything outside of that is untenable or even world ending. They can't perceive a way out of the current paradigm because how things are now is "just how the world works" and systemic analysis goes out the window. I'd say, be a little more subtle about your inferences and only bring it up if it's necessary to the conversation you're having
When I began to learn about China and discovered I'd been lied to most of my life I literally felt physical discomfort. It isn't an easy thing to change one's opinion sometimes. Having said that though, your work at sharing the correct information will have benefits because each time they hear the truth they are slightly less likely to disregard it. I know it is hard, my friend, but your work is benefiting us all even if you don't see it right away. We are in a marathon not a sprint.
The very essence of exploitative colonialism is alive and well in all of internal American commerce. Instead of providing a legitimate, viable product for a fair and equitable price, the cheapest product at the highest price has become the norm. As a species, we are undermining and degrading our collective selves for the focused interests of the few. Fairness, equity, mutual and simultaneous enrichment, democratic respect for all, etc. has been abandoned. In a "dog-eat-dog" world where only dogs will remain. And who will they eat?
I like how you said that paying for the equipment, the raw materials, and the labor was an unfortunate necessity. I see profits that way. The way I see it, profits need to be adequate to bring in private investment. But they should not be excessive. By adequate, I mean they should top inflation and go beyond it a few percent. Profits of over 20% are excessive and should not be tolerated under most normal conditions. Exceptional conditions should include endeavors that have a high likelyhood of failure. Low risk and no risk ventures should gain the least profits. The way I see it, there is never going to be anyone taking any risk at all to start any enterprise at all if there is no prospect of profit. The alternative to private ventures are public ones. These are usually decided on by politicians or their appointed assistants. The problem with this is that these politicians usually consider their own interests over those of the public they are supposed to serve. So, like the greedy profit takers they are supposed to replace, they too can end up exploiting the workers. I suppose this is why pure socialist states tend to become dictatorships. Power of any kind must come with accountability. Competition used to be the way profit seeker were held accountable. But with disastrous court rulings and flawed public policy has pretty much watered down competition to the point that it is all but meaningless. Now, other means of accountability must arise. And unions are one example.
@eveningchaos1 I'm completely for it. However, I just don't see it happening. For instance, I belong to a credit union. It was started in a teacher's basement. It now has assets of several billion dollars. But now it is ran more like a for-profit bank. It now has an elite management class. And it even has a CEO. Occasionally, I'll get a ballot in the mail to vote for one person or the other for a seat on the board. Since I know nothing about either one of these people, and I know even less about running a growing financial institution, I never vote. I have never seen a ballot dealing with policy choices for this institution. This is what happens when co-ops become large.
Affordable housing, decent wages, decent work, and good food and drinking water are what the American people need. Which US administration will do that, the Republicans, the Democrats? No. Americans should start to create a third party that really represent them and vote massively that party.
I would like to see RFK Jr on your show. Everyone please look into his campaign. He might be our last chance for a peaceful end to the destruction of America!! Power to the people 😊 8:29
Great show. The email address at the beginning is funny though. Sounds like a crypto scam email address. It would be better if it used a d@work domain.
Not in support of any child labor in the chocolate industry, but arent some of these growers privately owned family farms? If these coco growing family farms hired outside day labor they would not make any profit. Maybe the corporate "buyers" should pay a higher amount for the purchase price, but then the family might choose to expand the business and buy more land in order to earn even more money and not necessarily discontinue the use of their own kids in the harvest.
For the love of God, why is the intro music level so loud in the sound design of this program?? Same thing with the podcast, makes me startled ever time. Fix your sound mix!
There's something wrong with capitalism. Humans nature is to work within communities, helping one another. Capitalism works against human nature by programming us to be individualistic and selfish.
Good lord could people just step up. I’m a firts generation American from parents that came to the US illegally have been able to become a multi millionaire because of capitalism. It’s the best system if your willing to work and invest your money. People just don’t want to admit that they can’t keep stop buying dumb stuff.
Great episode. Thinking about it, it's all done thru the money system. They make all the money and the little guys get a tiny little bit of it. Measuring everything in money makes it easy to steal all that wealth. Now the question isn't if one needs food or shelter or education or health or ..., no it's just money. The murderous idiots all around here, where I live, insist working hard is important on top of that. To rediscover humanity...
@@jgalt308 🙂I can see you are no expert in finances. There is "money printing". And there are taxes on the poor and tax cuts (subsidies) for the rich. While wages are being taxed politicians are talking about having to create jobs jobs jobs... But if wages weren't taxed like that, that would make workers instantly more desirable. The money system or finances, it's rigged! And it isn't rigged to you advantage! The rich, the companies complain about "having to pay taxes" but in reality they don't. They offset their tax obligations with tax advantages which very often aren't available for the poor. Subsidies for solar panels are for home owners, not poor renters. The 130% tax write off for electrical vehicles are for businesses, not working people. On top of that poor people who want to get ahead, learn a profession, need to get student loan debt for their education. The business will then afterwards squeeze the worker for every penny they can. To who's advantage is the worker's education in that case? Yes, The "money" system. It takes a lot of studying to get a good understanding of it and you don't get it taught in school. Do you think this is an accident? Because it sure doesn't look like that!
@@peterbeer8657 I can see you're no expert in what "money" is. ( see constitution ) Also, wages are not income, nor subject to taxation as such, at least in the U.S. You do seem to have that "victim" thing down though. How is it possible that the species has evolved from the single universal unalienable right it does possess and that guarantees NOTHING to one which believes it now has multiple unalienable entitlements, yet can not reasonably identify the source from which these should flow without the enslavement of those who can provide them? The end result of such logic is there is no motivation for anyone to expend the effort that would reduce them to that condition of slavery.
@@jgalt308 You are seeing it entirely incorrectly. I am fully well aware that gold and silver according to the constitution are supposed to be the only real money. But at the grocery shop, everyone pays in fiat. And I don't live in the US and I do pay taxes on my income including wages. What seems or doesn't seem or whatever... species and stuff? WTF are you even talking about. If you communicate ununderstandable you don't really communicate.
@@peterbeer8657 So you don't see a connection between "fiat" and the current economic decline? Cui bono? Unfamiliar with the terms: species; evolution; rights; entitlements; etc.? Which one's do you need help with?
Prof. Wolff: You're discussing the use of child labor, presumably by corporations, in Africa. What do you think of child labor here, by your party, the Democrats; who have done this through the human smuggling regime of the border! It's your party, you support them and their terrible activities! Or, you never criticize what they're doing!
"What vitiates entirely the socialists’ economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy". Ludwig von Mises.
@@someonenotnoone what do you mean labor for other to survive? Under communist labor still is not just for but under others ruled! Is a tyranny no one can scape do to the fact everything is government own and run. Under Capitalism if you don't want to be an employee you have the liberty to become an employer an entrepreneur as long as your serve the consumers with better prices or better service you are guaranteed success, in other words you must surrender to the sovereignty of the consumers, if not you will fail. Thats the different between living in liberty and living under tyranny. The so call dictatorship of the proletarians, a dictatorship none the less.
@@liberalismocubano " Under Capitalism if you don't want to be an employee you have the liberty to become an employer an entrepreneur as long as your serve the consumers" "As long as you serve the consumers" you haven't described how not to work for others. We just changed the others from "employer" to "consumer." This is not liberty. Not being able to survive unless you do what others want, because others have put up a paywall between you and the natural resources you need to survive? That is tyranny.
@@someonenotnoone what's the alternate? live in a cave and collect fruits from the surroundings? that's a very primitive thinking and way of life! Is either Capitalism and Liberty or Socialism and tyranny; there is not middle grown. This fallacy that socialism will bring paradise on earth is, yet another proof Marx philosophy is more a fantasy than reality.
![Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]](http://i.ytimg.com/vi/0-WR6Zq7Qec/mqdefault.jpg)
Professor Wolff's constant dedication is something we are all extremely lucky to have
Trump will arrest him next year.
Absolutely!
Dedication to what?
@@jgalt308to a discredited Marxist experiment that's what
The old clown is still crapping out Marxist nonsense. You folks out there am I wrong? Let me know
Thank you, Professor Wolff and staff! 😻
Thank you, Professor Wolf for your excellent discussions, and clarifications! They are essential information for my ongoing education! Always welcome as they come my way!
whoever believes this non-sense, wake up. socialism does not work. it makes corruption easy and people lazy. china is in decline wolfe. stop pretending its a model society. if America is a failure, how is it that majority of the world population still wants to come here for the opportunity. what a joke.
It's a lecture NOT a discussion...and... What is being clarified?
Thank you for covering these issues!
Thank you Mr. Wolffs for your economic educational philosophy and it pleasure to hear your thoughts and insights on domestic and international economic issues.
Thank Professor Wolff for your tireless effort for the Internationalist cause!
whoever believes this non-sense, wake up. socialism does not work. it makes corruption easy and people lazy. china is in decline wolfe. stop pretending its a model society. if America is a failure, how is it that majority of the world population still wants to come here for the opportunity. what a joke.
What is the "internationalist cause"?
Thank you Professor Richard Wolff !
I’m very grateful to have discovered this channel and Prof. Wolff. I’ve been a leftist since I was 12 years old, and unsurprisingly it’s been a struggle over the last 2 decades to find anti-capitalist voices in the media. The last 5 years however have given me hope that these ideas are reaching more Americans, with the apparent increase of more independent leftist media outlets online getting attention from Gen Z and Millennials like myself. Thank you Prof. Wolff for being a voice of reason and sanity for all these years and keeping these ideas alive in the United States and abroad.
If you haven't seen it yet, you should check out The Deprogram(which has had Prof. Wolff on as a guest).
whoever believes this non-sense, wake up. socialism does not work. it makes corruption easy and people lazy. china is in decline wolfe. stop pretending its a model society. if America is a failure, how is it that majority of the world population still wants to come here for the opportunity. what a joke.
F**king commy
You're welcome 😊.. and don't forget to teach your children that there are alternatives besides a profit driven capitalistic economic system ..😊 in every situation or sector of humanity needs and necessity.
left sucks looks everything about to break here in quebec
Love you brother.
Thanks for shining a "black light" on Kissingers Crimes against humanity...!
I freaking love that his dad yelled at Kissinger.
Mr Wolff is a great man and human being. They don't make his kind anymore. His note on Kissinger spot on hope Henry is still burning in hell.
Love your channel! Thanks for the update! Prof
great comments from Dr Wolff ... thank you -
Thanks for another informative episode Prof and team!
Professor, Dr. Wolff ;
I hope you are Well :
Tks., much appreciative.
Great show everybody keep up the good work ❤️ best wishes from Manchester Old England ❤
Thanks!
always a delight to see new Prof Wolff content!
A while back, I sent Charlie a request for Prof Wolf to compare/contrast the current symptoms of late-stage capitalism vs late-stage feudalism. I dont think it made the cut. But thanks for the opportunity.
After following Wolff for several years, I think master/slave covers it. I doubt we've ever been more feudal than now or more confused about what that means.
It’s a good question and I think it’s in the queue.
I read an article talking about how supposedly Biden is/trying to make it possible to bankrupt out of student loans and I sent that onto Charlie because I wasn't sure if it was true or not (or propaganda) and IF it is true, how would that effect said students vs outright forgiveness. I thought that would be interesting to hear Professor Wolff's wise words on.
@@breft3416 True, for Wolff everything is "slavery"...the only problem is
that the result is "democratic slavery".
At least for those who are capable of comprehending the meaning of the word.
Great program
only in the kingdom of the blind.
Absolutely brilliant! I wish we would have more people like you, especially in the young generation. It is very important to explain these issues on a bigger scale. Greetings from Slovakia.
TY for all your information ❤
Great explanation on chocolate business. Qn is how to go about stopping child labor exploitation?
Stop buying chocolate, everyone
Exploitation is built into all market systems. Doesn't really matter what you call the kind of market system. In every country and in every modern economy there are rich people and poor people. This is a normal result of using markets. And it's a constant problem because the exploitation is inherent to markets.
It's part of the goal... to get more than others.
To do that someone has to be exploited.
The problem we are really talking about is authoritarianism. Markets are just a tool that authoritarians use to control resources and the people that participate in economies.
Which is why authoritarians set up markets in the first place. To control things.
This control is always against the interests of the people who are being exploited and it undermines the effectiveness of the communities that allow authoritarianism.
@@zed6095 which would mean what? Now everybody starves including the children?
Great Update. Thank You.
The big bad Wolff! Always laying it down like a pro!
Well said comrade.
@@danielcaraveo4844I hate you commys so much. GET OUT OF MY COUNTRY
Providing a whole new meaning to the concept of "getting laid"!
I am intellectually satisfied with Prof. Wollf.
It's impossible for commys to be smart.
@@FloridaCoast What is a "commy"? Certainly not an example of the superior intellect of capitalists I'm sure. LMAO
@dinnerwithfranklin2451 BAHAHAHAHA YOU AINT SMART. Communism don't work. Get a job and a education.
Thank you for this video, Professor Wolff
Excellent, as usual.
This was a fantastic show.
Now in Argentina they are auctioning the country, deregulating all controls and duplicating the cost of living from one day to the other
Good show, thank you.
China was the only country that agreed to build processing plants for developing countries in return for natural resources. Zimbabwe wanted foreign companies to develop their lithium mines, but they wanted them to build them a processing plant. This was requested, so they can sell processed lithium for more money. No W e s t e r n mining company would do it. Only Chinese mining companies granted their request.
In Indonesia is the 2nd largest producer of Nickel. Only China agreed to build them a processing plant, and no other country would grant that request.
Unionization is a big part of the answer
The reason unions have gotten weaker over time is because owners are using more and more automation. This process is accelerating, not slowing down. The goal of the market types is to have zero labor costs.
So organization is key to making the kind of change we want, but that organization is not going to center around the workplace for much longer.
This move to automate, and offshoring to countries that have cheap enough labor to make the cost of automation too high for profit takers, have worked to undermine LABOR unions for half a century.
or a big part of the "problem".
@@jgalt308 Depends on how you view the world, really. If you think the individual is the most important, then you wouldn't care for unions, democracy, collective bargaining... anything that restricts the individual.
If you think the community is more important you'll focus on community stuff instead of individual stuff.
and the #M2/CB/CD/WI/FI fails to consider that an intelligent response
would be to evaluate the circumstances that would actually inform one's
choice.
One size fits all is not a reasonable representation of reality.
@@jgalt308 One size fits all? I gave you two options...
:)
Thanks to you I live in a community cooperative mobile home park.
Odd how this video came out 45 minutes ago and I just noticed it, but TH-cam shows a red line all the way across the bottom like I watched it already.
It will do that when I watch just a small portion. When the stream ends I have to select it again to watch the whole broadcast.
Critically examining the way the world operates, the necessary job for us all.
Excellent episdoe.
Listening to this now on the podcast, lmao at Prof’s description of this “CLOWN” Javier (don’t know spelling, soz) 🇦🇷!! “He’s DIFFERENT!” 😂 I love Prof Woolf! ❤
Thanks Prof Wolf
Excellent said about Kissinger and Chocolate.
ÒTIMO COMO SEMPRE (DO BRASIL). Great as usual
Argentina has always had terrible corruption."Insanity: doing the same thing over and over again and expecting different results. "Albert Einstein
A very nice episode 👏
Capitalism: 1% are shares owners of a company.
Socialism: 99% are shares owners of a company.
Thank you Professor.
so glad you didn't say Guittard 21:03 because that's my favorite and the list of ethical chocolate brands is a lot shorter than I hoped
Wolff's last sentence is momentous.
I wonder what would happen if huge numbers of people who didn't like any candidates wrote in Richard Wolff for POTUS in the next general election.
I prefer #Watermelon2024 with a side of revolution.
If this man were voted in as POTUS, he would destroy America. This man is completely evil. Communism is a boon cult religion that leads to millions starving and dead. History is evidence for this fact.
The president doesn't have the power to flip economic policy on its head by themself. In reality, the greatest power that the president holds is that of the presidential stage. We need a president who will use that stage to talk and unite the working class, not play around with policy. To me, that's RFK.
Technically "capitalism" isn't the problem. Capitalism is just the name we give to an economic system that privatizes ownership of profits. But say, for example, the working class created a national union that demanded living wages and succeeded. The profits would technically still be privatized (capitalism), but the owners of that profit would be forced to distribute those profits more appropriately. By extension, the owners would still "own" the profits by law, but the working class would _effectively_ own the profits.
In effect, all those dividends paid out to shareholders would be dissolved into working class wages. All of those capital investments would no longer be generating a return _on_ investment, but instead, only a return _of_ investment.
In other words, capitalism is not failing... Working class organization is failing. Communistic economies can fail in exactly the same way as our economy is failing. If the working class gets divided in a communistic economy, then they end up electing corrupt politicians who change the economic policy to benefit themselves. This can take several decades. The determining factor of whether capitalistic or communistic economies benefit the working class is class consciousness. With low class consciousness, both economic systems will fail in time.
@@limitisillusion7 The system you described is a guide to hyper inflation and the gutting of the middle classes buying power and potential. The beauty of Capitalism is that the Market drives production, not some seedy little dictator or comity. On of the primary reason Communism always fails was detailed in Atlas Shrugged. It's happened all over the world, and it's happening again in China as we speak. China is hollow with ideological rot, both figuratively and physically.
Mr. Wolff is a mean little man with a sourer tongue and feted breath. He looks completely miserable inside and out. It's sad, I though he has passed a while ago. It's surprising to see him still kicking around being foolish.
@@YouCanNOTvoteOutFascism I agree actually, but feel that a strong showing from a non candidate with Prof Wolff's library of education on socialism (both here on Democracy at Work and on his personal channel) would have to generate interest and could swell support for that "side of revolution" until it is more substantive than the entire watermelon patch.
I agree with your username too. It reminds me of a James Rehwald short called when you vote fascism away.
Never knew that students could unionize. What will this mean for them?
Grad students have paid positions.
At Last: Michael Hudson vs. Richard Wolff...as broadcast on Dialogue works 1;28:06
Again one has to marvel at the comments that think there is an agreement between
Hudson and Wolff when there is a direct conflict that surfaces around 33 minutes and is
repeated continually from that point on.
Wolff has continually avoided acknowledging this "conflict" regarding the "rentier" aspect
of the pre-industrial economies as well as Marx's expectation that "capitalism" would
resolve this problem. ( and that it failed to do so. )
For Wolff, every problem is CAPITALISM, without distinction...and everything after that is
moral posturing with selective historical references that are inaccurate and are essentially
a distraction designed to continue this avoidance.
Unfortunately, to the detriment of the audience, Wolff has learned that by filibustering that
his distraction was successful...and he can continue it, without Hudson directly challenging
his avoidance.
It appears that the goal of this moral posturing is to unite the innumerable faction of "victims"
into the 99% that his rhetoric implies is being "exploited"....and this demonstrates his historical and psychological
ignorance of both human nature as well as the objective reality of existence.
For those more familiar with Wolff than Hudson...what was not emphasized was his typical
reference to democracy as a solution...although his employer/employee was mentioned...
so that the result of this, this discussion????? was a waste of time...and both the meaning
of "capitalism" and "democracy" can remain "undefined" ...and the "virtue signaling" rather
than any actual historical or economic education will continue.
What would be interesting will be the actual time difference between that of Wolff and Hudson
in this exchange.
The answer to the question is...the time consumed by Wolff is roughly twice that of Hudson.
Oh look! An Ayn Rand acolyte. Small wonder you can't come up with anything more than the musing of an angsty high school student who thinks they've uncovered some esoteric "truth".
And the #M2/CD/CB/WI/FI's just keep on coming.
Dominio sugar uses actual slaves in Dominican Republic. Please look into this. Sugar goes to USA cheaper than anywhere else in the world from this country
Thank you for the honesty.. People should realize good and evil should be held at a higher moral standards.. should be applied justly and equally regardless of creed. So, truth was said about late bloodsucking warmonger Kissinger! For that I salute you!.
Nothing will ever change unless WE demand it. Will we? I kinda doubt it. Sorry
I was 19 years old when I fought in Vietnam. We young Marines did not see the truth of the war until we landed in the country.
It was all a lie. Our attitude was not to fight for victory but to survive and get home. Morale was low and we all felt we had been played for suckers.
Well spoken lessons
29:14 that why large corporations pay more for identical work in small companies/ monopolizing the workforce and then dumping them like pawns when job numbers and inflation need to be adjusted. So it makes sense to have small family run and co-ops like Chobani yogurt or if you’re in San Francisco try zazie cafe!
Professor Wolff 🦾🐺
What was Javier Milei final price tag? Until you get honest folks in govt with integrity that cant be bought off, you will get more of the same. As for Germany, didnt they have the strong unions with labor always having a seat at the profits table? Germany almost socialistic, yet now in the toilet due to energy and no more cheap labor? None of this making any sense. What difference immigrants or not, if the issue is expensive energy.
Good luck Argentina. I mean that from the bottom of my heath. I think you are going from very bad, to worse though. The problem is probably corruption, and it so hard to get rid of it once it has a grip on every corner of public life and government.
thank you
6.37 was clear statement. Capitalism is a serious issue. Banks are there to ensure that rich remains rich.
The definition of insanity is going the same thing every time and expecting different results. We can say that is the problem of Argint.
Engaging so that youtube understands the importance of these words!
Re: Argentina, With the proposed privatization of so many state-owned businesses wouldn't it be great if they chose the worker-owned co-op model? Alas, a klepto-oligarchy is probably what they'll end up with.
Did you know poverty alleviation completed in China, CGTN The Point-Hub-Heat, Einar Tangan-Martin Jacques-Lijinjing.. Reporterfy Media supporting Patrick Lancaster-Scott Ritter-Cyrus Janssen... Luv your work Prof Wolff
Instead of making huge profits -many industries should fix their percentage profit with respect to the input cost. Also a fixed amount of depreciation of machinary( may be calculating) is also included Sothat the purchasing power of consumers is also important. Lesser the percentage of profit greater the profits in the long-run due to increased sales/ cosumption.
The problem with organizing around the workplace is that automation is cutting into the labor force at an increasing rate all the time. Prof. Wolff is going for a constituency that is shrinking. Hard to understand how such a smart man could miss this.
Automation is destroying the economies that use it.
How can you have a market economy without also having people to buy what you produce? How can people buy what you produce if they don't have a job because a robot provides that functionality now? The market economy is the old social model, and it was used to enrich the very few who "won" under conditions that promoted ruthlessness and criminal intent. AI and automation are putting an end to that model... not socialism.
The struggle for the owner class at this point is to get rid of all the (now useless) labor their economic systems created to give the owner class control of the resources.
The main function the extra people serve now is simply to give the rich and powerful a sense of their "elevation" about the rest of humanity.
That's their perspective. From the bottom of a cesspool.
Which last perspective, is mine.
The so call useless labor will bring down the system
Thank you for mentioning Henry Kissinger. He was part of the killing field in Cambodia.
Would love to see a response video to Thomas Sowell video on Marx
The more i learn and spread, the more people push against me. Why can i understand what you're saying, but other people can't ?
We've been propagandized since birth. Many of us don't like the uncomfortable and painful feelings the truth gives us. Finding out that one has been lied to their entire life can be excruciating for a lot of people. So, the knee jerk reaction is to double down on what is programmed in our minds.
Most people believe in a system of meritocracy that doesn't exist and think anything outside of that is untenable or even world ending. They can't perceive a way out of the current paradigm because how things are now is "just how the world works" and systemic analysis goes out the window. I'd say, be a little more subtle about your inferences and only bring it up if it's necessary to the conversation you're having
When I began to learn about China and discovered I'd been lied to most of my life I literally felt physical discomfort. It isn't an easy thing to change one's opinion sometimes. Having said that though, your work at sharing the correct information will have benefits because each time they hear the truth they are slightly less likely to disregard it.
I know it is hard, my friend, but your work is benefiting us all even if you don't see it right away. We are in a marathon not a sprint.
Does people who own stock make more money the people who work for the corporations ?
Not Férrero! 😮😢. No wonder is taking over the shelves. It used to be exclusive a few years back.
The very essence of exploitative colonialism is alive and well in all of internal American commerce. Instead of providing a legitimate, viable product for a fair and equitable price, the cheapest product at the highest price has become the norm. As a species, we are undermining and degrading our collective selves for the focused interests of the few. Fairness, equity, mutual and simultaneous enrichment, democratic respect for all, etc. has been abandoned. In a "dog-eat-dog" world where only dogs will remain. And who will they eat?
Howdy, Howdy.
I like how you said that paying for the equipment, the raw materials, and the labor was an unfortunate necessity. I see profits that way. The way I see it, profits need to be adequate to bring in private investment. But they should not be excessive. By adequate, I mean they should top inflation and go beyond it a few percent. Profits of over 20% are excessive and should not be tolerated under most normal conditions. Exceptional conditions should include endeavors that have a high likelyhood of failure. Low risk and no risk ventures should gain the least profits.
The way I see it, there is never going to be anyone taking any risk at all to start any enterprise at all if there is no prospect of profit.
The alternative to private ventures are public ones. These are usually decided on by politicians or their appointed assistants. The problem with this is that these politicians usually consider their own interests over those of the public they are supposed to serve. So, like the greedy profit takers they are supposed to replace, they too can end up exploiting the workers. I suppose this is why pure socialist states tend to become dictatorships.
Power of any kind must come with accountability. Competition used to be the way profit seeker were held accountable. But with disastrous court rulings and flawed public policy has pretty much watered down competition to the point that it is all but meaningless. Now, other means of accountability must arise. And unions are one example.
What about worker owned enterprises with democratic structures? One employee, one vote.
@eveningchaos1
I'm completely for it. However, I just don't see it happening. For instance, I belong to a credit union. It was started in a teacher's basement. It now has assets of several billion dollars. But now it is ran more like a for-profit bank. It now has an elite management class. And it even has a CEO.
Occasionally, I'll get a ballot in the mail to vote for one person or the other for a seat on the board. Since I know nothing about either one of these people, and I know even less about running a growing financial institution, I never vote.
I have never seen a ballot dealing with policy choices for this institution.
This is what happens when co-ops become large.
Children labor it's outrageous 😢😢
Going to continue you consuming Kit Kat !
Affordable housing, decent wages, decent work, and good food and drinking water are what the American people need. Which US administration will do that, the Republicans, the Democrats? No. Americans should start to create a third party that really represent them and vote massively that party.
Have you any reports on CHINA
I would like to see RFK Jr on your show. Everyone please look into his campaign. He might be our last chance for a peaceful end to the destruction of America!! Power to the people 😊 8:29
We will bring to birth a new world from the ashes of the old!
Great show. The email address at the beginning is funny though. Sounds like a crypto scam email address. It would be better if it used a d@work domain.
Not in support of any child labor in the chocolate industry, but arent some of these growers privately owned family farms? If these coco growing family farms hired outside day labor they would not make any profit. Maybe the corporate "buyers" should pay a higher amount for the purchase price, but then the family might choose to expand the business and buy more land in order to earn even more money and not necessarily discontinue the use of their own kids in the harvest.
Fewer and fewer masters.
A competent government would force employers to pay workers a living wage. Not blame immigrants who have nothing.
The idea those immigrants have nothing is false. The idea that it's relevant how much they have is also false.
Anyone that wants to look farther into Chocolate, check out a film called "The Darkside of Chocolate".
Wow so good🎉, China has the best economic system 🎉
Indispensable!!
For the love of God, why is the intro music level so loud in the sound design of this program?? Same thing with the podcast, makes me startled ever time. Fix your sound mix!
There is something wrong with the human nature.
Human nature will never change. We are greedy animals. You can’t trust people, Judas
There's something wrong with capitalism. Humans nature is to work within communities, helping one another. Capitalism works against human nature by programming us to be individualistic and selfish.
It is not human nature, it is the contradictions within the system.
@@Retalak there are a lot of things wrong with humans...
Maybe we are doomed as a species after all even as someone who wants to be optimistic.
Try Equal Exchange chocolate 🍫 and sleep without guilt feelings
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Good lord could people just step up. I’m a firts generation American from parents that came to the US illegally have been able to become a multi millionaire because of capitalism. It’s the best system if your willing to work and invest your money. People just don’t want to admit that they can’t keep stop buying dumb stuff.
I am seeing what is happening to argentina will happen to america
Great episode. Thinking about it, it's all done thru the money system. They make all the money and the little guys get a tiny little bit of it. Measuring everything in money makes it easy to steal all that wealth. Now the question isn't if one needs food or shelter or education or health or ..., no it's just money. The murderous idiots all around here, where I live, insist working hard is important on top of that. To rediscover humanity...
What money system?
@@jgalt308 🙂I can see you are no expert in finances. There is "money printing". And there are taxes on the poor and tax cuts (subsidies) for the rich. While wages are being taxed politicians are talking about having to create jobs jobs jobs... But if wages weren't taxed like that, that would make workers instantly more desirable. The money system or finances, it's rigged! And it isn't rigged to you advantage! The rich, the companies complain about "having to pay taxes" but in reality they don't. They offset their tax obligations with tax advantages which very often aren't available for the poor. Subsidies for solar panels are for home owners, not poor renters. The 130% tax write off for electrical vehicles are for businesses, not working people. On top of that poor people who want to get ahead, learn a profession, need to get student loan debt for their education. The business will then afterwards squeeze the worker for every penny they can. To who's advantage is the worker's education in that case? Yes, The "money" system. It takes a lot of studying to get a good understanding of it and you don't get it taught in school. Do you think this is an accident? Because it sure doesn't look like that!
@@peterbeer8657 I can see you're no expert in what "money" is. ( see constitution )
Also, wages are not income, nor subject to taxation as such, at least in the U.S.
You do seem to have that "victim" thing down though.
How is it possible that the species has evolved from the single universal unalienable right
it does possess and that guarantees NOTHING to one which believes it now
has multiple unalienable entitlements, yet can not reasonably identify the source
from which these should flow without the enslavement of those who can provide
them? The end result of such logic is there is no motivation for anyone to expend
the effort that would reduce them to that condition of slavery.
@@jgalt308 You are seeing it entirely incorrectly. I am fully well aware that gold and silver according to the constitution are supposed to be the only real money. But at the grocery shop, everyone pays in fiat. And I don't live in the US and I do pay taxes on my income including wages.
What seems or doesn't seem or whatever...
species and stuff? WTF are you even talking about. If you communicate ununderstandable you don't really communicate.
@@peterbeer8657 So you don't see a connection between "fiat" and the current
economic decline? Cui bono?
Unfamiliar with the terms: species; evolution; rights; entitlements; etc.?
Which one's do you need help with?
More capitalism please, I don't wanna starve.
What am I supposed to do stop consuming chocolate? Too much!
No, you need to stop consuming. Haven't you been paying attention...
don't worry, the WEF will make that a reality by grinding production to a halt.
@@jgalt308 wow, I guess I have ADD with the attention thing. I was relishing on a chocolate chip cookie when the Prof started with the report….
Yo I'm in San Antonio. Does anyone wanna make a worker co-op.
Prof. Wolff: You're discussing the use of child labor, presumably by corporations, in Africa. What do you think of child labor here, by your party, the Democrats; who have done this through the human smuggling regime of the border! It's your party, you support them and their terrible activities! Or, you never criticize what they're doing!
"What vitiates entirely the socialists’ economic critique of capitalism is their failure to grasp the sovereignty of the consumers in the market economy". Ludwig von Mises.
As long as you ignore the need for most people to labor for others to survive, this makes sense.
@@someonenotnoone what do you mean labor for other to survive? Under communist labor still is not just for but under others ruled! Is a tyranny no one can scape do to the fact everything is government own and run. Under Capitalism if you don't want to be an employee you have the liberty to become an employer an entrepreneur as long as your serve the consumers with better prices or better service you are guaranteed success, in other words you must surrender to the sovereignty of the consumers, if not you will fail. Thats the different between living in liberty and living under tyranny. The so call dictatorship of the proletarians, a dictatorship none the less.
@@liberalismocubano " Under Capitalism if you don't want to be an employee you have the liberty to become an employer an entrepreneur as long as your serve the consumers"
"As long as you serve the consumers" you haven't described how not to work for others. We just changed the others from "employer" to "consumer."
This is not liberty. Not being able to survive unless you do what others want, because others have put up a paywall between you and the natural resources you need to survive? That is tyranny.
@@someonenotnoone what's the alternate? live in a cave and collect fruits from the surroundings? that's a very primitive thinking and way of life! Is either Capitalism and Liberty or Socialism and tyranny; there is not middle grown. This fallacy that socialism will bring paradise on earth is, yet another proof Marx philosophy is more a fantasy than reality.
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