America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In December alone, credit card debt went up 36% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks, I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.
Thank you for this, professor. I feel that you are the only prominent person in the United States who actually cares about regular working people and our struggles. We need you and I appreciate you. I'm going to make a donation at your website to this important work.
Drs. Wolff and Hudson are the two best US-based (& patriotic) Economic History academics who, with their combined studies and research, may help to save the United States of America from the potential (& impending) 21st Century's looming 'financial implosion'.
@jillainenewman1358 If Dr. Wolff is literally 'the only prominent person . . . who actually cares" then we are in the deepest quagmire, and we will never move forward - even one quarter inch. It would not be really useful for me to give you a list of names - of people who also really care - but you know the following already, as do I: some are my neighbors on my street where I live; others are local politicians in my county in New Jersey; other are people are work with in a chapter of DSA; others are college educated teachers at our local community college; and also Ph.D. academicians/activists who care deeply about people. Let me just say that you are ‘incorrect’ but if you are listening to this program, you already know that. Be safe. Be active.
@@davidtimus4026No, it isn't. In fact that is the means by which capitalist imperialism operates. Those rich people in poor nations are called "compradors." This is why many African peoples for instance still harbor fond feelings for Russia even though it has changed so much. They remember that the USSR helped their liberators while the USA helped their oppressors.
@ and look at the outcomes in those countries. Capitalism has produced more advancements than any other economic model and socialism is just a parasitic ideology that empowers envy. Just about all the industrial, humanitarian and medical advances come from capitalism as the economic model. The eradication of slavery came from it too. Socialism/communism wants to put everyone in servitude, as there’s no other end that could be accomplished when you belong to the state. The same outcome has happened wherever it’s practiced. The experiment has been done and it’s been an abject failure. That’s why you must destroy the system that’s to be socialized, as socialism/communism is otherwise incapable of convincing people to surrender their autonomy.
I have long wondered how Europeans (who happened to be Jewish) thought they could migrate to the Middle East and somehow live peacefully with the devoutly Moslem and strongly tribal Arab peoples. Arabs have not been able to live peacefully with one another, willing to war against one another over which of Mohammed's offspring is the legitimate heir to the prophet's teachings.
Im not saying one side is right or wrong because the whole thing is a tragedy, but by what metric would you consider Jews in that region colonizers? They’ve been there for thousands of years.
May 21, 2011 was the beginning of judgement day on the world - you were WARNED How was that date derived from the bible? When ye see the fig tree in leaves (modern national Israel) know that summer is nigh. 1948 when that happened was the clue that the end times were near; for the elect of God to search the bible. 1974, the biblical calendar of history was unsealed by GOD, known, published, and carefully studied since. Modern national of Israel are NOT the chosen people of GOD, only a necessary sign (they lost that blessing PERMANENTLY at the cross in 33AD). They became a proverb and a byword for their corporate disobedience to the law of God. And a warning example for the churches who held the same corporate blessing over the church age. May 21, 1988 The Holy Spirit left the churches for judgement - Satan was given rule for their destruction. September 7, 1994 to May 21, 2011 was the 'latter rain' outside of any organized corrupted gospels of the churches. God's elect from peoples, nations, and tongues worldwide were saved. The door to heaven was SHUT on the 17th day of the 2cnd month (underlying hebrew lunar calendar) exactly 7000 years after the selfsame day on the 17th day of the 2cnd month in 4990BC when God SHUT the door to the ark. Colonialism only has a very, very, minor part in the maps of the middle east. God also promised Abraham that Ishmael would be made a great nation; which also happened spiritually worldwide before the door was shut. Isaac was a picture of God's elect from ancient Israel through the church age; Ishmael was a picture of the gentiles from the latter rain. NOTHING to do with JEWS or muslim ARABS. The churches have purposely been blind to this fact; it was not their job (they were to spread the bible worldwide), NOT to speak of the end times. GO look up: Ebiblefellowship (timeline) and for questions or archived bible studies.
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
My investment advisor is ''Melissa Terri Swayne’’ she's verifiable and I'm very sure you can find info about her on the internet, her qualifications speak for itself.
Dear Professor, I hope your wise words touch the hearts of many Americans and thoughtful people around the world. Thank you for your immeasurably immense work. I thank your guests for their civic stance.
Thank you Dr Wolff. Many months ago I heard Ralph Nader say, first thing, on his Radio Hour podcast that congress needed to pass new laws forcing employers to sign contracts with unions. He said this in light of the history of companies keeping the contract tied up in litigation (I think is the way I understood his argument). Some companies don't sign contracts for decades. Interview Chris Smalls please.
Richard thank you for this talk and discussion. May I Say that along with other important channels we're not including climate in our descriptions and explanations. When an expert talks of the near term and medium term there is no recognition of what is too rapidly overtaking humanity in terms of life in a quickly heating climate and decaying environment and it's ecosystems. The result is that people 'don't get it' , it doesn't compute. We desperately need to incorporate and weave the story we are telling into our economic updates and near to medium term future. I happen to think co-operative and like structures will be (are) essential together with a deliberative democratic governance system from community level to nation level. Deliberative being the active word. Thanks again for your work and super human patience.
Thanks Prof Wolf for another excellent analysis of what’s going on around the world. You make it easy to understand and always come with the facts. Totally agree with your guest analysis of Capitalism and how we the average citizen are being manipulated and taken advantage of.
@@jamiemcgill67 Maybe so, but at what cost? What about: 1. Inequalities between people & nations - the richest 1% of world's population owing about 50% of all wealth & the richest 10% over 90% 2. Economic instability - recessions taking place roughly every seven years & people losing their jobs etc. 3. Monopoly & monopsony power resulting in lack of competition in many fields of business activities and labor markets. 4. Environmental & other external costs placed on the society & future generations 5. Immobilities of the labor force & structural unemployment of many people 6. Capitalism also encourages selfishness/greed/materialism, not to mention imperialism & (neo)colonialism Surely we could come up with a better economic system if we really tried. P.S. I'm now 65 years old & a retiree, but I have a doctoral degree in economics and used to be a university lecturer & resercher.
Thank you, as always for these crucial conversations. This one especially resonated w/me & I'm grateful for the wealth of knowledge & insights provided by Dr. Wolff, Professor Hillard & Professor McIntyre! So much wisdom to help Americans wake up to the cruel realities of our exploitative late-stage capitalist system! The Sickness Is The System!
Greetings from New Zealand. We have always known that any US Aid always came with strings attached, unlike other countries. Your comparison of our situation/handling of our current conflict with that of Gaza has made me realise how terrified Palestinians have been for almost 100 years. New Zealanders see the divisiveness of our situation and worry where it might lead. Many of us feel unsafe. However there is no risk of the army being used against us. We are at the beginning of a disagreement. If Maori methods of negotiating continue to be used as they have been for almost 200 years, we should avoid descending into violence. At present many non-maori support their stance and walked with Maori on the Hikoi (protest walk). The Hikoi was in 2 parts: one from the north and one from the south covering the country to meet in the centre at Wellington, our capital.
I wanted to have a say about your comment on New Zealand… Australia and New Zealand have very similar history, similar laws and history because of the British colonial past, however unlike Australia they had a treaty. They seemed a lot more progressive than Australia because the haka (tribal dance performed before a sports game) is celebrated not just by Māoris, but by every Kiwis, and it’s something a lot of spectators look forward to when seeing a Kiwi team. In Australia tribal dance by the aboriginals have been criticised a lot especially of late. Aboriginals tribal dance (welcome to country) have been practiced more especially after the Black Lives Matter movement. The recent racial tensions in New Zealand and Australia have become more frequent ever since Donald Trump gained popularity. He is the poster boy for extreme right wing who fall for the ideology that foreigners are taking their jobs and fear past colonial regimes needing to face the consequences of their rules. The everyday people of Australia and New Zealand are not racist, they have however been persuaded to believe that their rights will be violated by the original people of the land by the media of the extreme right who repeat these scare tactics almost daily. Racism is more visible, and practised more than ever and it is worrisome. My point here is these effects of Trump isn’t isolated to the USA it is spreading globally especially when you have common news agencies in all countries (Murdoch).
So much is traced to how the land of first peoples was taken by new arrivals who possessed superior weapons. Sharing the land (i.e., the commons) could have fostered peaceful relations. Some effort was made by those of European heritage who had come to embrace the public capture of the economic rent of land to replace other sources of public revenue. There is some history of this that is not taught but is valuable as a lesson for how to create true equality of opportunity.
Thank Prof, your voice is so necessary and pertinent. I wish I could donate to your program, I am in South Africa and the exchange rate is devastating. Viva sir. America is richer for having you.
Thanks, professor for all these very thought-provoking sessions. I am a sociologist from India and I regularly follow you at this site. I have a feeling that we are transiting to a form of governance that should be called post-democratic, as it dismantles many of the assurances of a civilisation fashioned by struggle, especially after the 2nd World War and the decolonisation of large parts of the world. I would love to hear a discussion on this aspect - how would you and other progressive thinkers see countries like India, Brazil and China in this new world order, in a way re-write Wallerstein?
There is a tale about 2 lumberjacks that compete to see who chops the most wood in a day. One chops nonstop not taking any breaks. The othere stops for about 10 minutes every hour. When they compared it was the one who took breaks that had a significantly larger pile. When the other lumberjack wondered how thus was possible when he could hear the other taking breaks and he did not. The other lumberjack said that's easy. When you heard me stop chopping wood I was sharpening my ax.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
What also worries me is that our U.S. population is growing, while corporations continue to lay workers off, downsize, or ship jobs overseas. We will have tens of millions of more people in the future with less and less jobs to choose from. More Americans will be sidelined.
If we could switch over to the mondragon system of government that I listened to you talk about a few years ago, we wouldn't even need unions to protect our pay and benefits! Thanks professor Wolff!😊
Thank you prof. I've noticed that people throw around these theories but not using their actual meaning. Knowing that most people have been programmed to react in a certain way when hearing these terms. Will be going though the books to get the correct understanding of these theories. 🙏
I prefer the "Investor Class" as we all seem to be surrounded by the effects of Capital as a measure of Value. Investors who live off their Dividends from Investments, are not like the Wage earners. The Wall Street Crowd enjoys the benefit of skimming the 401 plans of Working Class Folks. Ut seems like a Oligarchy as Jimmy Carter claims? But the ability to extend the Currency beyond the limitations of support, now appear to present another Currency Crisis as we saw in 1967.
Lol Capitalists without capital. Just same are living somehow good, the rest are living on the streets in cardboard houses. While in Russia 10 years after the WW2 the government build 168 000 000 free apartments,... schools, universities hospitals was free for everyone, no jobless or homeless ect ect
@@monaliza3334 The G-7 needs what Russia has.............Resources. They appear ready to attack Russia as Hitler did, to get those resources. The facts seem to be difficult to disguise.
@@monaliza3334 I am aware of the Soviet Union efforts to support the Citizens. The USA worked to provide profits to Oligarchs, while Russia provided Food and Housing. Now the USA wants the resources the Russians appear to own. I wonder how the ability to appropriate Russia's resources will evolve? All the G-7 Nations seem to be low on Money and industrial capacity. They exported the ability to support the Citizens by 1980.
@@monaliza3334 I tried the Homeless routine in 1969, there were still some opportunities to make a living in those days. I attended College and learned some Economics. I seem to notice how the Oligarchs took the money and ran.....
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
If only the regular people of the world were introduced to Richard Wolff! So many of them are ignorant and being kept so. And Richard Wolff is great at breaking it down for the ignorant, arrogant and brainwashed to understand. You deserve my support....and you shall have it. Or else, I am part of the problem.
Lithium- Bolivia. We have US operated crap happening now in Bolivia. You need to do a show on this ongoing coup of gangsters trying to capitalize on this lithium.
working people need unions but also politicians who actually work for everyone not just the mega wealthy. A good place to start is with the ceo class . they are employees. treat them as such. If a company can pay millions to a very few they can also pay far higher wages to the workers, there pay comes from the same purse !
Crony capitalism practised in America in the last 40 years has kept the Median income of Americans stagnant, while a meritocracy-based political system has made China the largest economy in PPP terms in the world. Today, China leads the world in 44 of the 56 advanced technologies of the future. In another generation, Americans will go to work in China, as the Chinese economy will be the wealthiest in the world. I say this because today, the wealthiest newborn in the world is the Chinese, as they inherit the wealth of six ancestors tax-free. This is due to the two generations of the one-child policy implemented by the Chinese. They inherit two houses. No wonder China today has surplus housing.
As I tell everybody start learning mandarin 大家需要学习汉语❤❤❤。 it’s a true statement made here about the housing in China. My Chinese wife inherited a house that she doesn’t need but we are keeping it and renovating it for when we retire bc life is just so pleasant over there
I worked for 27 years in a variety of schedules with a public utility and what people disliked the most was the 9/80 or 4 9 hour and one 8 hour one week and 4 9 hour on the short week. next worst were as the 7/12 for the 24 hour operation and the favored schedule was the 8/10. for every 2 weeks. So the -10 hour week was very popular without reducing hours worked which saves money when you have facilities that must be operated 24/7. When I started there there were 3 overlapping 9 hour shifts for facility operations. When we went to 2/12 hour shifts it was initially hated due to the reduction in jobs and the increase in shift duration but the vast majority ended up being happy with the change because our weekends were 3 or 4 days.
There is a little capitalism but for the most part. Socialism comes in the form of 401.K to businesses and national debt. We live in an artificial economy. Where debts prop the loss most losses for most businesses. We will start to see more wars around the world because our war machines are totally dependent on oil. These Super rich have to have big militaries because they want their riches protected. So, they have to have corporate taxes to some degree. Other reliable taxes than borrowing. A lot of other countries (Chinan Russia and Germany) have made plans in the past to conquer USA and South America. The only reason they have not taken over South America. Is because USA has kept them from attacking South America. So, you can imagine protecting such large properties from hostile countries getting a foot hold in South America is important. But China and Russia are now getting a foot hold in South America. This Ideology that America can only beat from within is crap. The plan for most hostile countries has always been to attack America from South America. They are keeping the eye on the prize. USA is what they all want. It's a country in a great geographic location. Especially for food growing. They know to destroy America they have to dominate the oil countries. That is exactly what they are trying to do. The USA used to be the breadbasket of the world back in the 1970 and 1980. It used to produce 25 percent of the world food. Now we are using most of the corn crops for ethanol. Next time you go to the grocery store and complain about the food prices. Grain for your meat products are in your car. The most essential thing for life is food. You can go without tv's, cars, and other trinkets but you can't go without food. All the USA industrial complexes are up stream. The rivers flow downstream. So, the industries are polluting our water and food supply. One day Americans are going to have to rethink about what really is going on and were we are headed.
The British government of the 19th Century didn't send settlers to New Zealand. In fact, they attempted to make it more difficult for British people to settle here. What happened was that English adventurers with the collusion of the settler government of New Zealand, stole land from Maori. By stealing land, I do not mean that they engaged in sharp practice and by cunning, managed to swindle land off Maori. I'm sure that happened from time to time, but it was quite rare. The most common form of the theft was when one of these 'land agents' would approach a Maori, then give them money or otherwise convince them to say to the settler land court of the day that they were the owner of the land, and were happy to sell to these adventurers. This is recounted in, amongst others, Keith Sinclair's 'A Short History of New Zealand'. which I mention because it was a standard text in New Zealand high schools. He does not hold a controversial position. For whatever reason, the British did not, directly, engage in the theft of native land in New Zealand. They were complicit, and the military units that had been garrisoned there were sympathetic to their compatriots. When it came to the Maori Land Wars of the 1860s, they readily took up arms against what we call te Tangata Whenua. My own conclusion is that Great Britain did not want to become embroiled in another colony, certainly not one halfway around the world. They were happy to be polite, but they didn't really want to have to administer it at all, and I'm not sure I blame them. It took six months for a ship to sail to New Zealand, and had Apocalypse Now hit the Westend at the time, I fancy there'd have been a lot of blanching in the Foreign Office. I have to say I found your pronunciation of Maori amusing. The first syllable, is pronounced like the first part of mouse. The second syllable starts with a flap, not a rhotic , so it might sound like moud-dee to your ear.
Richard, your knowledge of NZ History is completely 'off''. And also our current political situation. What you said about NZ was complete misinformation.
It is definitely true that land owned by Maori were stolen by British adventurers with the collusion of the settler government. The British government didn't want to get involved, but it garrisoned significant numbers of troops with more advanced weapons and equipment here, and their sympathies lay entirely with their compatriots. Their first instinct to ignore the outrage at the theft of land, and then to go to war to protect the thieves. While Great Britain were not directly an arm of oppression, they certainly didn't make any effort to ensure that the things they agreed to in 1840 were adhered to. They certainly were an arm of oppression from 1862 onwards.
I'd call it commercial capitalism. The term "merchant" is used to refer to what Marx called "the antediluvian form of capital" prior to the British industrial revolution (aka the rise of the capitalist mode of production). He also referred to it as "the independent form of capital". That independence ended aas merchant capital was subsumed within the new capitalist mode of production, where it formed the commodity circuit of capital (Vol II, Part 1).
Dear Kind-Hearted Ancient god Sir Wolff! I personally don't think Communism or Socialism is better than Capitalism! Socialism has never, ever worked and always leads to Communism. But I haven't seen you on your friend Thom,s show lately! I have been excellent on his channel. I have wrote poems in his honor and songs and praised him and his work! And this is the Holidays and so in the Spirt of the Holidays I thought maybe you could talk about this with your friend Thom and ask him to unghost me! Because if you are very good your supposed to be rewarded! I can't comprehend why Thom doesn't unghost me!! Also Thom is extremely upset because Trump won the election and at times I think he is almost in tears! At least Thom seems upset to me! Perhaps you could be on his show for support and talk about the Holidays and forgiveness together!
Did the county workers still make the same weekly salary or wages by working only 32 hrs a week instead of 40 hrs ? If they did, where was the money savings ? Please explain.
Dear Richard Wolff: Isn't it about time that you stop being merely a talking head and use your time, energy, resources, talents, AND your platform to organize the middle class, the working class, and the poor to make sure that only the most Loving/most Wise/most Intelligent become our public servants? i've been a full-time independent political consultant/journalist since 2010. My Voting Bloc of 3,500 is galvanized to do everything it can to replace Establishment Democrats with True Progressives AND create a viable 3rd party that truly stands with the middle class, the working class, and the poor.
Ohhh, if only Wolff hammered home the difference between Kamala and Trump BEFORE the election: "how do you see a way forward for a working class that is now trapped, we might say, within this exceptional capitalism, suffering in the way that they are, and about to probably more so..." We would have had a better chance, an easier starting point, against Kamala. We weren't picking our soul mate, just our opponent.
Dr. Wolff has endorsed the third-parties in the past because he believes both major parties have been captured by corporations, which I would agree with. He has acknowledged the slightly better economic policy that comes from the Democrat party. Being that the policy is only slightly better, he only gives it slightly more credit... Not enough for an endorsement.
@@limitisillusion7 Voting is a strategy to move our country in the better direction. It's not a hold out until your individualized perfect candidate appears in front of you, like some dream state. I think we can all agree, if we're truly on the left, that being stuck with Trump is infinitely worse than how it would have been under Kamala-- "picking our opponent." We are now in an exceptionally bad place, with immensely more work to get to where we want to be. And I do blame fellow leftists (along with all those who voted for Trump and actually wanted to move us to the right, but there's the crucial difference) for being so uptight and so egocentric that they couldn't at least move us in the right direction, and spare us the burden and suffering. But then, maybe your life is so easy and comfortable that it won't affect you... But it will affect a vast swath of the rest of us: the climate crisis and all the very threatened, innocent wildlife and nature, the economically struggling, women, minorities, etc. Climate Defiance polled its members and they "reluctantly endorsed" Kamala. That was the right path. The path of staying silent (or worse, criticizing the better candidate) and bringing this hell on us: that's the wrong path, by far. And it's even worse when it's done by someone who is a leader of the left, and thus has a bullhorn and creates the left culture. (And just so when you're being judgmental you have some more facts: I think both parties are corporate. I am registered as a 3rd party. And I've considered myself socialist since before it became popular.)
@@cev12 I don't judge or blame anyone else for what they choose to believe, but I do disagree with you. The difference between you and me is that you fear the consequences of a Trump presidency more than the Democrat/Republican paradigm. I fear that paradigm more than a Trump presidency. That's it. Those fears guide our decisions in the voting booth, not objective logic. We cannot tell the future or predict alternate realities, so we cannot know who's right objectively. We cannot tell who's fears are more legitimate. I voted libertarian because that was the best choice according to my observations and analysis. I actually like two of Trump's cabinet nominations a lot, RFK and Bhattacharya. In truth, if I had to vote for Trump or Kamala, I probably would have voted for Trump for RFK alone. But I also did not approve of the DNCs lack of a party primary. That is incredibly undemocratic. I didn't like the covid response from the Biden administration either, and the collusion between the Democrat party and censorship on social media is very worrying. The point in me telling you all of this is so that you have a better grasp on some other issues that voters consider. In theory, that should help you understand other voters better and give you more control to ease your fears of Trump.
@@limitisillusion7 Oh, I see. I made the faulty assumption that you were leftist because you watch Democracy at Work (and were defending Wolff). Trump supporters/libertarians have different agendas altogether, and it's something that the left and right fundamentally disagree on: we could argue all day, and you would never prioritize the climate crisis and economic inequality no matter how fundamental to our survival, the right cannot see beyond itself, ever. What I said does not apply to you then.
@@cev12 I don't label myself and I disregard the labels others place on me. Labels have a tendency to deceive by diminishing the nuance that lies between the labels through generalization, and I believe nuance is the secret to progress. I would have preferred to vote for Jill Stein, but she was removed from the Ohio ballot. I also would have voted for my dog before I voted for Trump... but I didn't have to because Chase was on the ballot. My dog wasn't an option in my hypothetical between Trump and Kamala. I choose to ride my bike 300 miles a month too, despite the truck sitting in my driveway. Why? Well, because I care about climate change. And fortunately for me, I don't need your validation to know I care. I have a channel myself where I often speak about the dangers of wealth inequality. Like I said, labels can be deceiving, especially when you attach labels based on assumptions. Have a nice day.
I hope this man is more informed on finance than he is on NZ history. The British were not that keen on taking on NZ in 1840 as they already had 100 colonies to look after. The French were interested. Māori culture was typified by intertribal fighting, cannibalism, female infanticide and slavery. In the 1820s Māori tribes fought each other using muskets resulting in a huge population fall. In the 1830s the missionaries were very successful in introducing Christianity. Māori liked the less violent and more lawful approach they brought. Some Māori even requested the British help protect them from the French and establish law among the unruly European whalers etc. Eventually the British were prepared to take on NZ (because some informal English settlers had arrived) provided the Māori ceded sovereignty which 500+ chiefs did by signing a Treaty. The Treaty gave Māori (including the Māori slaves) the same rights and duties as British settlers. Māori could keep the land they occupied as well as their dwellings and possessions. (This was a new and Christian way of colonising due to Queen Victoria's insistence.) However, to prevent land deal problems Māori who wanted to sell their land had to sell to the government agency. By the time of the 1840 Treaty Māori had already sold about one third of their land to immigrants. Land was always a problem because of tribal ownership. In the 1860s several tribes decided they did not want to submit to the sovereignty of Queen Victoria and warfare resulted. Some land was eventually confiscated by the government as punishment for rebelling. Some was later returned. (In the end Māori sold 92% of the land.) Any grievances were fully and finally settled under Justice Sim by the 1960s. However, from 1975, as a result of Māori insistence after the importation of black power ideas and later Critical Race Theory (Marxism) from the USA, a government Treaty Tribunal was set up and the Treaty was reinterpreted and twisted to have new meanings, so Māori could start airing new and better grievances, which were not allowed to be challenged. As a result of weak and historically illiterate politicians handouts of large proportions went to certain Māori tribes. This has been going on ever since and is largely based on fraud. The NZ Government now has to attempt to tidy up the mess while the Māori elite want to take over the country by 2040.
Yeah, sure labor unions are absolutely existential for most Americans now that’s not going to eliminate the natural tendencies of the kind of government. We have one of the very first things they do is say illegalize trade unions and persecute them.
The problem is that we're all capitalists because everyone's retirement is tied to the stock market. 401k's, 403c's, Roth IRA's, even CD's. Even Savings Accounts. Every loan you take out has compounding interest. It it wasn't for that people could pay their loans off before they're 55 years old. Corporations have tons of profit. I just wonder what they do with it besides mismanage it?
Why aren't more states and major metropolitan cities adopting the 4 day work week? It's obvious studies are showing employees and businesses are MORE productive so no reason why it shouldn't be adopted
So, it is ok for the Māori to have “blood and soil” nationalist sentiments but not the White Europeans from having the same sentiments in their indigenous homelands?
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In December alone, credit card debt went up 36% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
The truth is that people are finally waking up to the fact that our systems are breaking down in thousands of different ways all around us. Personally, the financial market seems like the only way to go with a long-term horizon . But if you don't have that time, it's a tough market out and thus you should consider financial advisory.
A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.
Thanks, I just googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.
Thank you for this, professor. I feel that you are the only prominent person in the United States who actually cares about regular working people and our struggles. We need you and I appreciate you. I'm going to make a donation at your website to this important work.
Drs. Wolff and Hudson are the two best US-based (& patriotic) Economic History academics who, with their combined studies and research, may help to save the United States of America from the potential (& impending) 21st Century's looming 'financial implosion'.
@@alseaquist6192You are waisting money on a left that supports the Islamic cause.
@jillainenewman1358 If Dr. Wolff is literally 'the only prominent person . . . who actually cares" then we are in the deepest quagmire, and we will never move forward - even one quarter inch. It would not be really useful for me to give you a list of names - of people who also really care - but you know the following already, as do I: some are my neighbors on my street where I live; others are local politicians in my county in New Jersey; other are people are work with in a chapter of DSA; others are college educated teachers at our local community college; and also Ph.D. academicians/activists who care deeply about people. Let me just say that you are ‘incorrect’ but if you are listening to this program, you already know that. Be safe. Be active.
They truly are. I love the American people unfortunately many are conned by slick oil salesmen like Trump @@alseaquist6192
“Foreign aid is when the poor people of a rich country give money to the rich people of a poor country” - Michael Parenti
And that’s a cornerstone of communism.
@@davidtimus4026No, it isn't. In fact that is the means by which capitalist imperialism operates. Those rich people in poor nations are called "compradors."
This is why many African peoples for instance still harbor fond feelings for Russia even though it has changed so much. They remember that the USSR helped their liberators while the USA helped their oppressors.
@ and look at the outcomes in those countries. Capitalism has produced more advancements than any other economic model and socialism is just a parasitic ideology that empowers envy. Just about all the industrial, humanitarian and medical advances come from capitalism as the economic model. The eradication of slavery came from it too. Socialism/communism wants to put everyone in servitude, as there’s no other end that could be accomplished when you belong to the state. The same outcome has happened wherever it’s practiced. The experiment has been done and it’s been an abject failure. That’s why you must destroy the system that’s to be socialized, as socialism/communism is otherwise incapable of convincing people to surrender their autonomy.
@@davidtimus4026 wtf lol wow you need to read a bit more bud
@@davidtimus4026😂 clueless.
Good luck. To the Wells Fargo Workers!!!Long Live the Unions!!
Thank you so much for discussing Gaza in the context of settler colonialism, Professor Wolff. Much appreciated.
I have long wondered how Europeans (who happened to be Jewish) thought they could migrate to the Middle East and somehow live peacefully with the devoutly Moslem and strongly tribal Arab peoples. Arabs have not been able to live peacefully with one another, willing to war against one another over which of Mohammed's offspring is the legitimate heir to the prophet's teachings.
Im not saying one side is right or wrong because the whole thing is a tragedy, but by what metric would you consider Jews in that region colonizers? They’ve been there for thousands of years.
@@codynoel1721it’s not the jaws it’s the Zi- on ists.
🤘
May 21, 2011 was the beginning of judgement day on the world - you were WARNED
How was that date derived from the bible? When ye see the fig tree in leaves (modern national Israel) know that summer is nigh.
1948 when that happened was the clue that the end times were near; for the elect of God to search the bible.
1974, the biblical calendar of history was unsealed by GOD, known, published, and carefully studied since.
Modern national of Israel are NOT the chosen people of GOD, only a necessary sign (they lost that blessing PERMANENTLY at the cross in 33AD). They became a proverb and a byword for their corporate disobedience to the law of God. And a warning example for the churches who held the same corporate blessing over the church age.
May 21, 1988 The Holy Spirit left the churches for judgement - Satan was given rule for their destruction.
September 7, 1994 to May 21, 2011 was the 'latter rain' outside of any organized corrupted gospels of the churches. God's elect from peoples, nations, and tongues worldwide were saved. The door to heaven was SHUT on the 17th day of the 2cnd month (underlying hebrew lunar calendar) exactly 7000 years after the selfsame day on the 17th day of the 2cnd month in 4990BC when God SHUT the door to the ark.
Colonialism only has a very, very, minor part in the maps of the middle east. God also promised Abraham that Ishmael would be made a great nation; which also happened spiritually worldwide before the door was shut. Isaac was a picture of God's elect from ancient Israel through the church age; Ishmael was a picture of the gentiles from the latter rain. NOTHING to do with JEWS or muslim ARABS. The churches have purposely been blind to this fact; it was not their job (they were to spread the bible worldwide), NOT to speak of the end times.
GO look up: Ebiblefellowship (timeline) and for questions or archived bible studies.
Great episode Wolff!
A failing U.S. economy and elevated global tensions reduce the likelihood of prolonged inflation or higher long-term Treasury yields. I've seen folks amass up to $1m amid crisis, and even pull it off easily in a favourable economy. Unequivocally, the bubble/collapse is getting somebody somewhere rich
I do not disagree, there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors I speak from experience.
True, I’m quite lucky exposed to personal finance at early age, started full time job 19, purchased first home 28, got laid-off work at 36 amid covid-outbreak, and at once consulted a well-qualified advisor to stay afloat. Thankfully, my portfolio has maintained steady growth ever since, amassing nearly $1m after subsequent investments to date.
this is great! think your advisor would get on the phone with an unknown? i'm in dire need of proper portfolio allocation
My investment advisor is ''Melissa Terri Swayne’’ she's verifiable and I'm very sure you can find info about her on the internet, her qualifications speak for itself.
'Melissa Terri Swayne ' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.
Dear Professor, I hope your wise words touch the hearts of many Americans and thoughtful people around the world.
Thank you for your immeasurably immense work.
I thank your guests for their civic stance.
I never thought about it that way, but you are right!!!
Thank you Dr Wolff. Many months ago I heard Ralph Nader say, first thing, on his Radio Hour podcast that congress needed to pass new laws forcing employers to sign contracts with unions. He said this in light of the history of companies keeping the contract tied up in litigation (I think is the way I understood his argument). Some companies don't sign contracts for decades. Interview Chris Smalls please.
Richard thank you for this talk and discussion. May I Say that along with other important channels we're not including climate in our descriptions and explanations. When an expert talks of the near term and medium term there is no recognition of what is too rapidly overtaking humanity in terms of life in a quickly heating climate and decaying environment and it's ecosystems. The result is that people 'don't get it' , it doesn't compute. We desperately need to incorporate and weave the story we are telling into our economic updates and near to medium term future. I happen to think co-operative and like structures will be (are) essential together with a deliberative democratic governance system from community level to nation level. Deliberative being the active word. Thanks again for your work and super human patience.
Thanks Prof Wolf for another excellent analysis of what’s going on around the world. You make it easy to understand and always come with the facts.
Totally agree with your guest analysis of Capitalism and how we the average citizen are being manipulated and taken advantage of.
This was a great interview. Looking forward to reading this book
🇫🇮♥ prof. Wollf. Unfortunately, capitalism is killing all life on planet Earth.
BUT THE ELITES & TOP 20% HAVE MILLIONS TO BUT ENVIRONMENTAL TECHNOLOGIES
This is absolutely absurd. Capitalism brought more people out of poverty than any system ever. How is it destroying? What do you do for a living?
@@jamiemcgill67global warming, WWIII, and massive wealth hoarding by psychopaths.
@@jamiemcgill67 Maybe so, but at what cost? What about:
1. Inequalities between people & nations - the richest 1% of world's population owing about 50% of all wealth & the richest 10% over 90%
2. Economic instability - recessions taking place roughly every seven years & people losing their jobs etc.
3. Monopoly & monopsony power resulting in lack of competition in many fields of business activities and labor markets.
4. Environmental & other external costs placed on the society & future generations
5. Immobilities of the labor force & structural unemployment of many people
6. Capitalism also encourages selfishness/greed/materialism, not to mention imperialism & (neo)colonialism
Surely we could come up with a better economic system if we really tried.
P.S. I'm now 65 years old & a retiree, but I have a doctoral degree in economics and used to be a university lecturer & resercher.
@@jamiemcgill67 No, it did not.
LABOUR did that.
the 'ISM' determines who gets the money.
I love your videos and your work. You are very honest and right on point. You are very much appreciated ❤keep up the work
We have a one party system with two rightwings.
I look forward for a way forward
Excellent episode 👏
Snf thank you very much for sharing your magnificent analysis. You have the talent to make yourself understood. Muchos cariños.
Thank you, as always for these crucial conversations. This one especially resonated w/me & I'm grateful for the wealth of knowledge & insights provided by Dr. Wolff, Professor Hillard & Professor McIntyre! So much wisdom to help Americans wake up to the cruel realities of our exploitative late-stage capitalist system! The Sickness Is The System!
Greetings from New Zealand. We have always known that any US Aid always came with strings attached, unlike other countries.
Your comparison of our situation/handling of our current conflict with that of Gaza has made me realise how terrified Palestinians have been for almost 100 years.
New Zealanders see the divisiveness of our situation and worry where it might lead. Many of us feel unsafe. However there is no risk of the army being used against us. We are at the beginning of a disagreement. If Maori methods of negotiating continue to be used as they have been for almost 200 years, we should avoid descending into violence. At present many non-maori support their stance and walked with Maori on the Hikoi (protest walk). The Hikoi was in 2 parts: one from the north and one from the south covering the country to meet in the centre at Wellington, our capital.
truth lives and its here in these talks. Well done professor and all who make these contributions
I wanted to have a say about your comment on New Zealand… Australia and New Zealand have very similar history, similar laws and history because of the British colonial past, however unlike Australia they had a treaty. They seemed a lot more progressive than Australia because the haka (tribal dance performed before a sports game) is celebrated not just by Māoris, but by every Kiwis, and it’s something a lot of spectators look forward to when seeing a Kiwi team. In Australia tribal dance by the aboriginals have been criticised a lot especially of late. Aboriginals tribal dance (welcome to country) have been practiced more especially after the Black Lives Matter movement.
The recent racial tensions in New Zealand and Australia have become more frequent ever since Donald Trump gained popularity. He is the poster boy for extreme right wing who fall for the ideology that foreigners are taking their jobs and fear past colonial regimes needing to face the consequences of their rules. The everyday people of Australia and New Zealand are not racist, they have however been persuaded to believe that their rights will be violated by the original people of the land by the media of the extreme right who repeat these scare tactics almost daily. Racism is more visible, and practised more than ever and it is worrisome.
My point here is these effects of Trump isn’t isolated to the USA it is spreading globally especially when you have common news agencies in all countries (Murdoch).
Who are the "May-Ori"?
So much is traced to how the land of first peoples was taken by new arrivals who possessed superior weapons. Sharing the land (i.e., the commons) could have fostered peaceful relations. Some effort was made by those of European heritage who had come to embrace the public capture of the economic rent of land to replace other sources of public revenue. There is some history of this that is not taught but is valuable as a lesson for how to create true equality of opportunity.
@@pipster1891 indigenous people of the Pacific, inc Aotearoa.
more accurately 'Mow-ree.'
@@pipster1891 Ah, well. His heart is in the right place, even if his vowels aren't...🙂
Wonderful as always. TY
Thank Prof, your voice is so necessary and pertinent. I wish I could donate to your program, I am in South Africa and the exchange rate is devastating. Viva sir. America is richer for having you.
I hope we see 32 hour standard work week in my life. Americans have long made enough surplus for the rich. Time they paid for us to get our fair share
Thanks, professor for all these very thought-provoking sessions. I am a sociologist from India and I regularly follow you at this site. I have a feeling that we are transiting to a form of governance that should be called post-democratic, as it dismantles many of the assurances of a civilisation fashioned by struggle, especially after the 2nd World War and the decolonisation of large parts of the world. I would love to hear a discussion on this aspect - how would you and other progressive thinkers see countries like India, Brazil and China in this new world order, in a way re-write Wallerstein?
Thanks!
Not a large issue, but Māori is pronounced as "Mow-ee" or "Mar-ee" most oftenly.
Keep up the great worker Professor Wolff!
There is a tale about 2 lumberjacks that compete to see who chops the most wood in a day. One chops nonstop not taking any breaks. The othere stops for about 10 minutes every hour. When they compared it was the one who took breaks that had a significantly larger pile. When the other lumberjack wondered how thus was possible when he could hear the other taking breaks and he did not. The other lumberjack said that's easy. When you heard me stop chopping wood I was sharpening my ax.
People try to predict the economy not realizing it is not a capitalistic market, its a command economy, central planning! my concern is, instead of having much dollar in bank that could lose value to inflation, do I save in gold to reserve and grow wealth for now, or just hang on?
truth is that gold serves as an inflation hedge in the long run, but not profitable in the short run. only thing you can predict is a strong effort of wealth transfer from the people to the powerful. luckily some folks find solution in financial advisors
I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.
I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you
Stacy Lynn Staples is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Kapitalism Kills
SOLID ! 👍🤔 ( Greets from UK )
Superb!
Thank you again for this timely message !
What also worries me is that our U.S. population is growing, while corporations continue to lay workers off, downsize, or ship jobs overseas. We will have tens of millions of more people in the future with less and less jobs to choose from. More Americans will be sidelined.
Sadly yes
We are living in the future now
@SVmathfarmer ....ONLY TOP20% ARE IN FUTURES.....SADLY REST ARE SLAVES OF CAPITALISTS....NO MORE JOBS DEVELOPMENT.....ON M.I.C IS EXPANDING....
More people into robbery, drugs and addiction. Already on that path.
The real significance is that people choose real-estate billionaire as the president.
You mean there are other professors, besides you and the ones I'm familiar with, that recognize what's going on and how to fix it? Good news.
Great stuff! It's a shame there's no way to stop the marketing of unrelated matters in the comments.
I love this guy
Great info❤
Proud of San Juan county!!
Great stuff and interviews as always. Great guests
Thanks
Eagerly anticipating the book!
may cooperative businesses grow
If we could switch over to the mondragon system of government that I listened to you talk about a few years ago, we wouldn't even need unions to protect our pay and benefits! Thanks professor Wolff!😊
Thank you Richard God bless you 🙏 Maori 🚼 Jeebus 😊🖐️
Thank you prof. I've noticed that people throw around these theories but not using their actual meaning. Knowing that most people have been programmed to react in a certain way when hearing these terms. Will be going though the books to get the correct understanding of these theories. 🙏
Thank you for sharing your thoughts
I prefer the "Investor Class" as we all seem to be surrounded by the effects of Capital as a measure of Value.
Investors who live off their Dividends from Investments, are not like the Wage earners.
The Wall Street Crowd enjoys the benefit of skimming the 401 plans of Working Class Folks.
Ut seems like a Oligarchy as Jimmy Carter claims?
But the ability to extend the Currency beyond the limitations of support,
now appear to present another Currency Crisis as we saw in 1967.
Lol Capitalists without capital.
Just same are living somehow good, the rest are living on the streets in cardboard houses.
While in Russia 10 years after the WW2 the government build 168 000 000 free apartments,... schools, universities hospitals was free for everyone, no jobless or homeless ect ect
@@monaliza3334 The G-7 needs what Russia has.............Resources.
They appear ready to attack Russia as Hitler did,
to get those resources.
The facts seem to be difficult to disguise.
@@monaliza3334 I am aware of the Soviet Union efforts to support the Citizens.
The USA worked to provide profits to Oligarchs, while Russia provided Food and Housing.
Now the USA wants the resources the Russians appear to own.
I wonder how the ability to appropriate Russia's resources will evolve?
All the G-7 Nations seem to be low on Money and industrial capacity.
They exported the ability to support the Citizens by 1980.
@@monaliza3334 I tried the Homeless routine in 1969, there were still some opportunities to make a living in those days.
I attended College and learned some Economics.
I seem to notice how the Oligarchs took the money and ran.....
Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️
I'm 37 and have been looking for ways to be successful, please how??
Sure, the investment-advisor that guides me is..
Elizabeth stark
Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark
Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!
If only the regular people of the world were introduced to Richard Wolff! So many of them are ignorant and being kept so. And Richard Wolff is great at breaking it down for the ignorant, arrogant and brainwashed to understand.
You deserve my support....and you shall have it. Or else, I am part of the problem.
Thanks so much.knowledge is so powerful!
The rich steal from the poor😅
Lithium- Bolivia. We have US operated crap happening now in Bolivia. You need to do a show on this ongoing coup of gangsters trying to capitalize on this lithium.
21k views, more likes please.
Great discussion!
A result of the strength of our capitalists is that of this ever catches traction, they'll halt its distribution...
working people need unions but also politicians who actually work for everyone not just the mega wealthy. A good place to start is with the ceo class . they are employees. treat them as such. If a company can pay millions to a very few they can also pay far higher wages to the workers, there pay comes from the same purse !
Thanks again ❤
Crony capitalism practised in America in the last 40 years has kept the Median income of Americans stagnant, while a meritocracy-based political system has made China the largest economy in PPP terms in the world. Today, China leads the world in 44 of the 56 advanced technologies of the future.
In another generation, Americans will go to work in China, as the Chinese economy will be the wealthiest in the world. I say this because today, the wealthiest newborn in the world is the Chinese, as they inherit the wealth of six ancestors tax-free. This is due to the two generations of the one-child policy implemented by the Chinese. They inherit two houses. No wonder China today has surplus housing.
As I tell everybody start learning mandarin 大家需要学习汉语❤❤❤。 it’s a true statement made here about the housing in China. My Chinese wife inherited a house that she doesn’t need but we are keeping it and renovating it for when we retire bc life is just so pleasant over there
I'm in the US. I'm 22 and plan on moving to Italy or China. I hate the US and its culture. Sick sick place.
@@imperson7005 : Move to Dubai or Singapore
Great show
I worked for 27 years in a variety of schedules with a public utility and what people disliked the most was the 9/80 or 4 9 hour and one 8 hour one week and 4 9 hour on the short week. next worst were as the 7/12 for the 24 hour operation and the favored schedule was the 8/10. for every 2 weeks. So the -10 hour week was very popular without reducing hours worked which saves money when you have facilities that must be operated 24/7. When I started there there were 3 overlapping 9 hour shifts for facility operations. When we went to 2/12 hour shifts it was initially hated due to the reduction in jobs and the increase in shift duration but the vast majority ended up being happy with the change because our weekends were 3 or 4 days.
Thank you
❤❤❤❤❤Richard Wolff ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
There is a little capitalism but for the most part. Socialism comes in the form of 401.K to businesses and national debt. We live in an artificial economy. Where debts prop the loss most losses for most businesses. We will start to see more wars around the world because our war machines are totally dependent on oil. These Super rich have to have big militaries because they want their riches protected. So, they have to have corporate taxes to some degree. Other reliable taxes than borrowing. A lot of other countries (Chinan Russia and Germany) have made plans in the past to conquer USA and South America. The only reason they have not taken over South America. Is because USA has kept them from attacking South America. So, you can imagine protecting such large properties from hostile countries getting a foot hold in South America is important. But China and Russia are now getting a foot hold in South America. This Ideology that America can only beat from within is crap. The plan for most hostile countries has always been to attack America from South America. They are keeping the eye on the prize. USA is what they all want. It's a country in a great geographic location. Especially for food growing. They know to destroy America they have to dominate the oil countries. That is exactly what they are trying to do. The USA used to be the breadbasket of the world back in the 1970 and 1980. It used to produce 25 percent of the world food. Now we are using most of the corn crops for ethanol. Next time you go to the grocery store and complain about the food prices. Grain for your meat products are in your car. The most essential thing for life is food. You can go without tv's, cars, and other trinkets but you can't go without food. All the USA industrial complexes are up stream. The rivers flow downstream. So, the industries are polluting our water and food supply. One day Americans are going to have to rethink about what really is going on and were we are headed.
Wonderful programme, Prof. Wolff: incidentally, NZ natives are Maoris, pronounced "Mowries".
The British government of the 19th Century didn't send settlers to New Zealand. In fact, they attempted to make it more difficult for British people to settle here.
What happened was that English adventurers with the collusion of the settler government of New Zealand, stole land from Maori.
By stealing land, I do not mean that they engaged in sharp practice and by cunning, managed to swindle land off Maori. I'm sure that happened from time to time, but it was quite rare.
The most common form of the theft was when one of these 'land agents' would approach a Maori, then give them money or otherwise convince them to say to the settler land court of the day that they were the owner of the land, and were happy to sell to these adventurers. This is recounted in, amongst others, Keith Sinclair's 'A Short History of New Zealand'. which I mention because it was a standard text in New Zealand high schools. He does not hold a controversial position.
For whatever reason, the British did not, directly, engage in the theft of native land in New Zealand. They were complicit, and the military units that had been garrisoned there were sympathetic to their compatriots. When it came to the Maori Land Wars of the 1860s, they readily took up arms against what we call te Tangata Whenua.
My own conclusion is that Great Britain did not want to become embroiled in another colony, certainly not one halfway around the world. They were happy to be polite, but they didn't really want to have to administer it at all, and I'm not sure I blame them. It took six months for a ship to sail to New Zealand, and had Apocalypse Now hit the Westend at the time, I fancy there'd have been a lot of blanching in the Foreign Office.
I have to say I found your pronunciation of Maori amusing. The first syllable, is pronounced like the first part of mouse. The second syllable starts with a flap, not a rhotic , so it might sound like moud-dee to your ear.
Richard, your knowledge of NZ History is completely 'off''. And also our current political situation. What you said about NZ was complete misinformation.
It is definitely true that land owned by Maori were stolen by British adventurers with the collusion of the settler government. The British government didn't want to get involved, but it garrisoned significant numbers of troops with more advanced weapons and equipment here, and their sympathies lay entirely with their compatriots. Their first instinct to ignore the outrage at the theft of land, and then to go to war to protect the thieves.
While Great Britain were not directly an arm of oppression, they certainly didn't make any effort to ensure that the things they agreed to in 1840 were adhered to. They certainly were an arm of oppression from 1862 onwards.
@@MrVelcanthus What a load of crap.
I'd call it commercial capitalism. The term "merchant" is used to refer to what Marx called "the antediluvian form of capital" prior to the British industrial revolution (aka the rise of the capitalist mode of production). He also referred to it as "the independent form of capital". That independence ended aas merchant capital was subsumed within the new capitalist mode of production, where it formed the commodity circuit of capital (Vol II, Part 1).
San Juan county is number one progressive district in Wa. state. Island time is best spent on the mellow side.
Dear Kind-Hearted Ancient god Sir Wolff! I personally don't think Communism or Socialism is better than Capitalism! Socialism has never, ever worked and always leads to Communism. But I haven't seen you on your friend Thom,s show lately! I have been excellent on his channel. I have wrote poems in his honor and songs and praised him and his work! And this is the Holidays and so in the Spirt of the Holidays I thought maybe you could talk about this with your friend Thom and ask him to unghost me! Because if you are very good your supposed to be rewarded! I can't comprehend why Thom doesn't unghost me!! Also Thom is extremely upset because Trump won the election and at times I think he is almost in tears! At least Thom seems upset to me! Perhaps you could be on his show for support and talk about the Holidays and forgiveness together!
truth lives and tge lies of capitalism are coming out and the side effects of blaming minorities won tast for ever
❤❤❤
My teacher got my laptop open and ready to go
In a harvest season the farmer have little to non patient to discuss or share with us of a better way to irrigate the land next.
Did the county workers still make the same weekly salary or wages by working only 32 hrs a week instead of 40 hrs ? If they did, where was the money savings ? Please explain.
Dear Richard Wolff: Isn't it about time that you stop being merely a talking head and use your time, energy, resources, talents, AND your platform to organize the middle class, the working class, and the poor to make sure that only the most Loving/most Wise/most Intelligent become our public servants? i've been a full-time independent political consultant/journalist since 2010. My Voting Bloc of 3,500 is galvanized to do everything it can to replace Establishment Democrats with True Progressives AND create a viable 3rd party that truly stands with the middle class, the working class, and the poor.
TAHE PROBLEMS ARE ALL CONTROL BY ELITES/OLIGARCHS...WITH CORRUPTED POLITICIANS BOTH SIDES WHICH ARE MUCH EASIER TO CONTROL
Does anyone know what the study was called that he mentioned at the start?
Details are not his modus operandi...anecdotal allusion is.
Imperialists is the problem
Ohhh, if only Wolff hammered home the difference between Kamala and Trump BEFORE the election: "how do you see a way forward for a working class that is now trapped, we might say, within this exceptional capitalism, suffering in the way that they are, and about to probably more so..."
We would have had a better chance, an easier starting point, against Kamala. We weren't picking our soul mate, just our opponent.
Dr. Wolff has endorsed the third-parties in the past because he believes both major parties have been captured by corporations, which I would agree with. He has acknowledged the slightly better economic policy that comes from the Democrat party. Being that the policy is only slightly better, he only gives it slightly more credit... Not enough for an endorsement.
@@limitisillusion7 Voting is a strategy to move our country in the better direction. It's not a hold out until your individualized perfect candidate appears in front of you, like some dream state. I think we can all agree, if we're truly on the left, that being stuck with Trump is infinitely worse than how it would have been under Kamala-- "picking our opponent." We are now in an exceptionally bad place, with immensely more work to get to where we want to be. And I do blame fellow leftists (along with all those who voted for Trump and actually wanted to move us to the right, but there's the crucial difference) for being so uptight and so egocentric that they couldn't at least move us in the right direction, and spare us the burden and suffering. But then, maybe your life is so easy and comfortable that it won't affect you... But it will affect a vast swath of the rest of us: the climate crisis and all the very threatened, innocent wildlife and nature, the economically struggling, women, minorities, etc.
Climate Defiance polled its members and they "reluctantly endorsed" Kamala. That was the right path. The path of staying silent (or worse, criticizing the better candidate) and bringing this hell on us: that's the wrong path, by far. And it's even worse when it's done by someone who is a leader of the left, and thus has a bullhorn and creates the left culture.
(And just so when you're being judgmental you have some more facts: I think both parties are corporate. I am registered as a 3rd party. And I've considered myself socialist since before it became popular.)
@@cev12 I don't judge or blame anyone else for what they choose to believe, but I do disagree with you. The difference between you and me is that you fear the consequences of a Trump presidency more than the Democrat/Republican paradigm. I fear that paradigm more than a Trump presidency. That's it. Those fears guide our decisions in the voting booth, not objective logic. We cannot tell the future or predict alternate realities, so we cannot know who's right objectively. We cannot tell who's fears are more legitimate. I voted libertarian because that was the best choice according to my observations and analysis.
I actually like two of Trump's cabinet nominations a lot, RFK and Bhattacharya. In truth, if I had to vote for Trump or Kamala, I probably would have voted for Trump for RFK alone. But I also did not approve of the DNCs lack of a party primary. That is incredibly undemocratic. I didn't like the covid response from the Biden administration either, and the collusion between the Democrat party and censorship on social media is very worrying. The point in me telling you all of this is so that you have a better grasp on some other issues that voters consider. In theory, that should help you understand other voters better and give you more control to ease your fears of Trump.
@@limitisillusion7 Oh, I see. I made the faulty assumption that you were leftist because you watch Democracy at Work (and were defending Wolff). Trump supporters/libertarians have different agendas altogether, and it's something that the left and right fundamentally disagree on: we could argue all day, and you would never prioritize the climate crisis and economic inequality no matter how fundamental to our survival, the right cannot see beyond itself, ever. What I said does not apply to you then.
@@cev12 I don't label myself and I disregard the labels others place on me. Labels have a tendency to deceive by diminishing the nuance that lies between the labels through generalization, and I believe nuance is the secret to progress. I would have preferred to vote for Jill Stein, but she was removed from the Ohio ballot. I also would have voted for my dog before I voted for Trump... but I didn't have to because Chase was on the ballot. My dog wasn't an option in my hypothetical between Trump and Kamala. I choose to ride my bike 300 miles a month too, despite the truck sitting in my driveway. Why? Well, because I care about climate change. And fortunately for me, I don't need your validation to know I care. I have a channel myself where I often speak about the dangers of wealth inequality. Like I said, labels can be deceiving, especially when you attach labels based on assumptions. Have a nice day.
How do you find worker owned businesses to purchase from?
I notice how the only option never acceptable to the union worker(s) is.... Starting their own business.
I looked for their book to pre order, and I can't find it anywhere
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Poor African Americans are suffering lack of employment
I hope this man is more informed on finance than he is on NZ history. The British were not that keen on taking on NZ in 1840 as they already had 100 colonies to look after. The French were interested. Māori culture was typified by intertribal fighting, cannibalism, female infanticide and slavery. In the 1820s Māori tribes fought each other using muskets resulting in a huge population fall. In the 1830s the missionaries were very successful in introducing Christianity. Māori liked the less violent and more lawful approach they brought. Some Māori even requested the British help protect them from the French and establish law among the unruly European whalers etc. Eventually the British were prepared to take on NZ (because some informal English settlers had arrived) provided the Māori ceded sovereignty which 500+ chiefs did by signing a Treaty. The Treaty gave Māori (including the Māori slaves) the same rights and duties as British settlers. Māori could keep the land they occupied as well as their dwellings and possessions. (This was a new and Christian way of colonising due to Queen Victoria's insistence.) However, to prevent land deal problems Māori who wanted to sell their land had to sell to the government agency. By the time of the 1840 Treaty Māori had already sold about one third of their land to immigrants. Land was always a problem because of tribal ownership. In the 1860s several tribes decided they did not want to submit to the sovereignty of Queen Victoria and warfare resulted. Some land was eventually confiscated by the government as punishment for rebelling. Some was later returned. (In the end Māori sold 92% of the land.) Any grievances were fully and finally settled under Justice Sim by the 1960s. However, from 1975, as a result of Māori insistence after the importation of black power ideas and later Critical Race Theory (Marxism) from the USA, a government Treaty Tribunal was set up and the Treaty was reinterpreted and twisted to have new meanings, so Māori could start airing new and better grievances, which were not allowed to be challenged. As a result of weak and historically illiterate politicians handouts of large proportions went to certain Māori tribes. This has been going on ever since and is largely based on fraud. The NZ Government now has to attempt to tidy up the mess while the Māori elite want to take over the country by 2040.
Need to make a melting pot.
Natives marry immigrants, mix the two cultures, that way these grievances go away for good.
Yeah, sure labor unions are absolutely existential for most Americans now that’s not going to eliminate the natural tendencies of the kind of government. We have one of the very first things they do is say illegalize trade unions and persecute them.
The problem is that we're all capitalists because everyone's retirement is tied to the stock market. 401k's, 403c's, Roth IRA's, even CD's. Even Savings Accounts. Every loan you take out has compounding interest. It it wasn't for that people could pay their loans off before they're 55 years old. Corporations have tons of profit. I just wonder what they do with it besides mismanage it?
Ya, I don't contribute to all that.
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What’s the name of the two gentlemen’s book? Anybody know?
Why aren't more states and major metropolitan cities adopting the 4 day work week? It's obvious studies are showing employees and businesses are MORE productive so no reason why it shouldn't be adopted
Not pronounced ""Mae or ee"" it's pronounced ""Ma or ee"" ma as in 'ma baker' not 'may day'
How did you like Bernie Sanders Book? It’s Ok to be Angry about Capitalism!!!!!
Today, China controls more rare earth mines abroad than America does. China has also beaten America in this.
Tks. much
Back to the golden age come January.
I’m in Canada. I hope you won’t mind if I correct your pronunciation of the word “Maori.” Maori is correctly pronounced “MAU-ree,” not “May-OR-ee.”
So, it is ok for the Māori to have “blood and soil” nationalist sentiments but not the White Europeans from having the same sentiments in their indigenous homelands?
'Maori' is closer to 'Mow-ree' than 'may-oree.'
Access to resources (based on tickets - money) - out of thin air = monetary economy.
The book Socialism by Michael Harrington published in 1971, by bantam Political Science