If US citizens were half as patriotic as they believe themselves to be this video would have many millions of views.
@garysutphin9027
8 жыл бұрын
+Russel Walker CORRECTAMUNDO Russell. Over six years after first being uploaded to youtube and less than 200,000 people have viewed this video.We're all fucked. And sadly...most of us deserve it.
@theultimatereductionist7592
6 жыл бұрын
Exactly, Russel Walker.
@francoisehembert3243
5 жыл бұрын
The rich don’t want to know and the working class does not have the time because of working multiple jobs
@jamesderoc6717
10 жыл бұрын
the economic system in place now is there because it is very efficient way for the few to control the many
@leonardmoriarity3612
3 жыл бұрын
Uu
@francescocarloni3037
6 жыл бұрын
Thumbs up all those watching this video in 2046! Few might recall this nowadays, but apparently in 2018 capitalism was still around. Even fewer recall how most people were in favour of it back then, considering it normal. That's not that curious, after all. The majority had been in favour of feudalism, slavery, imperialism, colonialism, racial and gender discrimination until all of these eventually collapsed for material reasons - after which they soon became despicable things. Good ol' Marx called it the superstructure.
@RunningInCircles1000
6 жыл бұрын
Who else is watching this in 2018! Dab on them haters! Keep it 100 and what not
@francoisehembert3243
5 жыл бұрын
I’ve listened to a whole lot of Dr. Wolff’s presentations but this is bar none one of the best.
@ПонтелеймонКарфагенянин
3 жыл бұрын
True
@spldrong
2 жыл бұрын
He is a liar, his ideas kill children
@bugsbunny4647
2 жыл бұрын
@@spldrong I'M SCAREDDD AHHHH
@spldrong
2 жыл бұрын
@@bugsbunny4647 you should be scared of Socialism, but more importantly: stand against it. Historically, empowering the federal government too much results in the worst atrocities. Nazis, USSR, China, Venezuela, etc. ... they all thought their ideas were so noble and for the better of everyone, but the opposite came true
@bugsbunny4647
2 жыл бұрын
@@spldrong I'm actually shaking. Holy fuck. Every time I hear the word "socialism", I shit myself. Be right back. Gotta clean up
@jimmycrackedcorn226
13 жыл бұрын
Wolff does an excellent job of linking the social impact to the economic impacts of this recession.
@djohn1961
12 жыл бұрын
Great explaination to a scary story. Thank you Mr. Wolff. I am forever grateful to you for exposing this fiasco to as many people as possible.
@LeonardSchmiege
13 жыл бұрын
Thanks Paul for filming this and putting it up. This Mr. Wolff poses great questions, and makes sense. Why cant we make a better system?
@CARBIDETV
9 жыл бұрын
Forward thinking seems to be a big challenge for some. It becomes very evident when you read the ignorant comments spewed below. I have seen great presentations that can assist in the development of a brand new economic system. Enabling our future generations to share earth in peace should be our cause, but a few of the stunned sheep commenting below can only make grunts of ignorance to make them feel they are a big shot in the herd.
@phyllissnyder2563
6 жыл бұрын
Agree- the "fox so called"news and main stream media in general is a control method to stop progress.
@valueofnothing2487
6 жыл бұрын
The only thing that is important it's the truth and providing facts based on evidence. You have done none of this.
@MaximC
5 жыл бұрын
True, although...we all were those "sheep" in the past.
@shubhamwr
4 жыл бұрын
@@valueofnothing2487 thanks that u urself identified u are ignorant, as per his comment. About facts, wolff provided all what needed, with statistics,and it's source. For more "facts" go to his channel democracy at work.
@valueofnothing2487
4 жыл бұрын
@@shubhamwr the only thing that is ignorant it's people like yourself who blame others when they themselves cannot provide evidence or reason or logic for anything they say. Why don't you go ahead and say something and I will prove you wrong!
@kjuarez29
12 жыл бұрын
Great talk. I really enjoyed listening to this and that last point really hits it home.
@anandram6974
8 жыл бұрын
You are certainly great.What clear thinking.
@bwalla50
12 жыл бұрын
People who think capitalism is their friend are fools. There is no place in history where unfettered financial clout hasn't created poverty for the masses.
@ilikebac0n
13 жыл бұрын
07:13 to skip to Prof. Richard Wolff speaking
@MrSp0iler
3 жыл бұрын
You disrespect the organiser who invited person
@carlosantuckwell
9 жыл бұрын
The Anarchist-controlled areas of Spain in the 1930s also proved we don't need Boards of Directors or Shareholders or even Managers and Supervisors! In all those areas, every workplace was a collective, and they all worked very well, even cinemas and greyhound tracks! But what Richard doesn't address, is the ruthless class-consciousness of the capitalists - they drowned the Spanish revolution in blood, they drown all attempts to challenge capitalist dictatorship in blood, even mildly-socialist, semi-secular countries like Libya, Egypt, Iraq (in 1958), Syria, Indonesia (in 1965), and many many more. The Billionaire Elite are like some misanthropic alien overlords - they burn women & children with their napalm & phosphor bombs, even just to extend their Empire. They are evil, they are insane, they need to be gotten rid of. They never allow (unless directly threatened with revolution) any restrictions of their Domination. They are the creators and owners of the Yankee Pig State.
@asad5067
8 жыл бұрын
+forestsoceansmusic very interesting. i take chris hedges philosophy that you have to do everything to rebel. so i have bumper stickers, and political t shirts. people waste alot of space to nihilism, when they could be getting a message out.
@carlosantuckwell
8 жыл бұрын
+as ad Agreed. You can have a non-authoritarian new society without being nihilistic.
@valueofnothing2487
6 жыл бұрын
The what of what? You don't need anything then don't have it. If you think a Cooperative will work then start one. I can almost guarantee you cooperatives will not work because no one wants to risk their time and effort and be dependent upon a arbitrary political process.
@shubhamwr
5 жыл бұрын
@@valueofnothing2487 ignorance. Official statistics have proved that coops have proved superior to traditional business. Many of them weren't affected by even global recessions. People share a risk is major reason why they survive. Everyone has feeling that they their own masters, it's their business, anything wrong with business is wrong with them, which makes people motivated and to work even more harder, something which empty mind of capitalist can never understand.Also socialism in Catalonia, and complete co-op region in Italy (in which co ops controls like 40-50% of economy) is very stable. I have got this much proofs for my proposition, where is urs about "coops don't work"?
@francovaldes
13 жыл бұрын
I am in love with this guy! Perfect explanation, clear, concise and with a hint of humor! Why didn't I have teachers like him when I was in college??
@spldrong
2 жыл бұрын
And a huge liar. Capatalism is the only way
@SplendorVendor
11 жыл бұрын
"It is well enough that people of the nation do not understand our banking and money system, for if they did, I believe there would be a revolution before tomorrow morning." - Henry Ford
@charliejervis1097
5 жыл бұрын
Interest- I love the sound of that. ❤️
@Buddhabebop
13 жыл бұрын
@elbowbiter1 Very poetic. It is almost beautiful even though it speaks of misery brought on by a perverse economic system.
@Buddhabebop
13 жыл бұрын
@MazdakTV Huzzah! I'm reading The State and Revolution right now and boy is it good.
@buckygoldstein9256
4 жыл бұрын
In Dr. Wolff's video "Lecture on Worker Coops: Theory and Practice of 21st Century Socialism" he claim that under socialism, China, between 1991-2016 has "experienced a more rapid economic development and growth than any capitalist country has ever done before." The problem I have with this statement is that starting in 1978 China started moving to a capitalist economy, which is why they "experienced a more rapid economic development and growth". Here is the true story: has "experienced a more rapid economic development and growth than any capitalist country has ever done before." The problem I have with this statement is that starting in 1978 China started moving to a capitalist economy, which is why they "experienced a more rapid economic development and growth". Here is the true story: Between 1958 and 1962, 45 million people starved to death in China as the result of the largest socialist experiment in history. (maybe the reason that the richest 62 people in the world have more money that the lowest half of the world is that the lowest half of the world isn't capitalistic? Certainly before 1978, 1 billion of those poorest people in China weren't capitalistic, they were socialist.) In 1978, Deng Xiaoping was eager to adopt capitalist methods and reforms in order to stimulate economic growth and restore confidence in the party. According to official World Bank figures, the percentage of extremely poor people in China in 1981 stood at 88.3%. By 2015 only 0.7% of the Chinese population was living in extreme poverty. In this period, the number of poor people in China fell from 878 million to less than ten million. In 2018 China had 680 billionaires. The party identifies among its core tasks the advancement of the fundamental interest of the greatest majority of Chinese people. Deng, who famously said poverty is not socialism, interpreted this to mean that it was okay if some people needed to get rich to improve the livelihoods of the masses. Since the introduction of his reforms, more than 700 million people have been lifted out of poverty in China. Of course Jack Ma (the co-founder of Alibaba) is a Chinese socialist? That is why he has a net worth of $41.3 billion (with a B). Jack was born to a poor family in China in 1964, when almost 90% of the Chinese were living in extreme poverty. He struggled to go to college. After graduation he applied ten times to Harvard Business School and got rejected each time. how did he get his start? In his own words: "I went for a job with the police; they said, 'you're no good. I even went to KFC when it came to my city. Twenty-four people went for the job. Twenty-three were accepted. I was the only guy ...". Good thing he didn't get a job because there is no way for workers to work their way up the ladder. Maybe we should have a wealth tax in this country and give it to the poor, like Liberia, Central African Republic, Burundi, Democratic Republic of the Congo and Niger. All of which have an average annual income less than $1,000. Great Chinese Famine en.wikipedia.org/wiki/Great_Chinese_Famine China's Economic Success Proves the Power of Capitalism www.forbes.com/sites/rainerzitelmann/2019/07/08/chinas-economic-success-proves-the-power-of-capitalism/#340c8053b9d7 Why Communist China Is Home to So Many Billionaires fortune.com/2018/11/29/communist-china-billionaires-jack-ma/ I haven't seen this kind of serial liar since Donald Trump.
@carlosantuckwell
9 жыл бұрын
Runaway capitalism - capitalists turning into oligarchs, feudal lords even.
@valueofnothing2487
6 жыл бұрын
Under feudalism men were forced to work under a Lord and were prevented from leaving. Capitalism is the free trade in capital, which is the opposite of feudalism.
@GoldenKaos
4 жыл бұрын
@@valueofnothing2487 Under capitalism, people are forced to work under a capitalist, and are prevented from leaving by the systemic conditions that they need a job in order to eat. Capitalism has a dim view of the worker's rights, feudalism had a dim view of the serf's rights.
@ПонтелеймонКарфагенянин
3 жыл бұрын
Capitalism is the power of capitalists.
@Govanmauler
11 жыл бұрын
Interesting read thanks for the heads up .
@4719wesley
9 жыл бұрын
This is how the ancient African nations worked and developed and expanded gain cooperative wealth and no one went hungry, children weren't abandon, and education was from the bottom up. Yeah a collective decision is the way to go.
@valueofnothing2487
5 жыл бұрын
And they are doing so well now!
@CircumcisedUnicorn
3 жыл бұрын
@@valueofnothing2487 Civilisations come and go. We just happen to be living during the peak of western civilisation however it will also fall, just like the Africans or the Romans or the Egyptians etc. Our current system is a ticking time bomb and it’s only a matter of time before it reaches bursting point.
@valueofnothing2487
3 жыл бұрын
@@CircumcisedUnicorn Those who study history are often doomed to repeat it.
@CircumcisedUnicorn
3 жыл бұрын
@@valueofnothing2487 Wrong, it's those who study history and then refuse to take the lessons from it who are doomed. Western civilisation has refused to heed the lessons learnt from the culmination of the past world wars. European civilisation has a history of being hell-bent on expanding their territory to every corner of the planet. Imperialistic capitalism of old is now just merely dressed up as neocolonialism and the wealth divide only continues to grow and the build up of debt for the rest only gets deeper. The collapse is coming..
@valueofnothing2487
3 жыл бұрын
@@CircumcisedUnicorn But let's say we had no idea of history. Would you not let people buy and sell apples? Would you not let people buy and sell fertilizer for those apples? And the land? In short, without history, you would let people buy and sell whatever they wished, and be free to do so because freedom is essential. But it is only until you start looking at history that you read about imperialism and war and capitalism and socialism and all this nonsense. To be a capitalist, you buy and trade capital. To be a imperialist you make war on other countries. The two are not necessary to be together. It is but a historical correlation that makes you think they must be. And that is why you should not study history! Obviously I am exaggerating for effect but I think you get my meaning.
@The1946Boomer
9 жыл бұрын
WPA was a lot more than entertainers. The WPA built the High School I attended.
@kowsar7648
14 жыл бұрын
I Found it really intereseting! Really persuasive!
@NeoRipshaft
5 жыл бұрын
39:40 NINETEEN SEVENTY!!! I had to rewind and listen to this part twice - i cannot believe it was only that long ago.
@nicolaasleach
12 жыл бұрын
That was fucking amazing!!!
@spldrong
2 жыл бұрын
An amazing lie!
@curiousEGM
14 жыл бұрын
The problems have been undersocred in this lecture. Is anyone proposing changes other than "financial reform"? Do we need to fix a system that no longer helps us, thrive? We are intrigued by what will hit us in the future and kill us all. That is the posture. Mr. Wolff held back on giving solutions, but possibly due to time restraints and caution. Great speech, revealing! An eye opener and offensive to the ignorant. Knowledge is power.
@eskatee
13 жыл бұрын
@ilikebac0n Thanks!
@TheGodlessGuitarist
12 жыл бұрын
I have seen many documentaries and lectures, but not that one. I'll have a look, thanks.
@charliejervis1097
5 жыл бұрын
Ahhh, it's good to be filthy rich!
@bubbastill2040
4 жыл бұрын
Til the peasants revolt !
@fullblastman
12 жыл бұрын
From Dictionarydotcom......Worker: 1. A person or thing that works. 2. A laborer or employee 3. A person engaged in a particular field, cause, or activity. Producer: 1.To bring into existence by intellectual or creative ability. 2. To make or manufacture. and in economics reference 11. To create economic value. Bring crops, good, services,etc. to a point at which they will command a price. Hope this clears it up.
@Ultraskyler
8 жыл бұрын
wazzup bothell
@SnehasCreations
8 жыл бұрын
aye, aye, ayeeeeee
@Libertarianach_na_h-Alba
12 жыл бұрын
In political discourse, the phrase "privatizing profits and socializing losses" refers to any instance of speculators benefitting (privately) from profits, but not taking losses, by pushing the losses onto society at large, particularly via the government.
@marcusporciuscatotheyounge5795
9 жыл бұрын
This guy is hilarious. Every problem he lists is due to the loss of GDP growth which has been cut in half due to the socialist policies of the past seventy years. Growth is at less than three percent therefore we never have great leaps of wages. Gov't debt causes less for investment. This apparently is beyond the understanding of this false economist.
@scubasteve1757
9 жыл бұрын
90% of all generated profit goes to the top 1% of the country. This can be proven if you actually look at the fucking statistics instead of barking nonsensical ideological bullshit. Higher wages are not paid because corporations are permitted to pay their employees at such a low wage that they have to be put on government programs, effectively subsidizing the company itself by picking up where it left off in providing for those workers. Educate yourself before making an absolutely fucking troglodytic statement.
@marcusporciuscatotheyounge5795
9 жыл бұрын
Stephen Gamble It would be nice to debate you but you can not even make a simple statement without errors. What does your statement have to do with anything I have said. What does your statement have to do with the loss of GDP growth. Beside the fact that "growth " is a flow and your 90% profit is not a statement about flow, it is a stock statement. Corporations are permitted? What kind of non-sense is that statement. Wages are based on the productivity of the worker and the supply of the workers. This refers to Supply and Demand. You may have heard of this if you knew anything about economics. The corporation doesn't have the power to set Wages. The market sets wages of a firms employees and the price at which the firm can sell its production at. Profits go to people who own the firm. It is normal for 90% of profits going to the 1%. The 1% have created 90% of all jobs. 10% of all profits go to small business. What you mean by "generated" is non-sensible. Your points have nothing to do with my statements. What does your statement about profits have to do with the CROWDING OUT of private investment because the gov't can not afford all these social benefits with out BORROWING money that normally would go to firms investing in new goods and equipment? Wages have not risen because the economy has not been pushed to full employment because Gov't keeps borrowing the SaVINGS THAT WOULD NORMALLY GO TO PRIVATE INVESTMENT THAT WOULD PUSH THE ECONOMY TO FULL EMPLOYMENT. If you have not seen a raise in your wages in a few years, Bush and Obama's irresponsible borrowing is the cause. If you think gov't should increase Minimum wages, or any wages, then you know even less about what helps the poor than I thought.
@emilianomartorell3587
9 жыл бұрын
Stephen is right. Everything you said is absolute bs. I'm surprised there are still proponents of capitalism, a system which only benefits the rich and large corporations.
@marcusporciuscatotheyounge5795
9 жыл бұрын
Emiliano Martorell You are either completely ignorant of economics or just a below average troll. An actual argument from you is just too much to ask?
@marcusporciuscatotheyounge5795
9 жыл бұрын
Emiliano Martorell You are obviously such a simpleton that you do not even understand what I said. If you did, you would have perhaps given an example. But you are such a dumb-fuck you can not even cite one thing I said that you think was wrong. And then argue your case. Moron, typical emotion driven female democrat. No brains. No looks. No future. Finish high School then try and post something relevant. I heard it was a long three years to get through your sophomore grade.
@MaximC
5 жыл бұрын
Good talk this one. I found in it some new points of reflection, but also understood that Richard seem to lack certain perspectives. Also, he absolutely should use the fact that we could create any amount of jobs, really useful jobs (building houses for homeless, feeding, clothing, educating everyone, and so much more), and live ("be paid") very well, there's simply no reason why we couldn't. He talked about how it was done in New Deal times, but we actually can (and always could) do it on a whole different level, we can technically create full prosperity. *He should use this point in every talk he gives.* It's actually quite preposterous *how much* dogmatic ideas (like capitalism today) holds humanity's progress and prosperity back...really incredible.
@davidwoolnough6511
5 жыл бұрын
Should be compulsory viewing everywhere!
@InvertedFox
14 жыл бұрын
Cont2. - Socialism differs from this in that it rejects this form of surplus distribution. Instead proposing that any given individual directly responsible for producing any given product or service should have control of the subsequent distribution of said commodity. So you go to work, you produce goods and services, and then at the end of the week you decide what to do with the wealth that you yourself have produced. Nothing to do with welfare, the state, or any such thing.
@w.d.aichberger1687
10 жыл бұрын
Namasté, Prof. Wolff ! -- (for my archives:) 42:40 " 60 % of the goods coming into US from China are produced by subsidiaries of US corporations. " (i had suspected the trend... very nice to be able to quote a number for it!)
@solex4plescar
11 жыл бұрын
Awesome - His suggestion for a solution is exactly what Equal Money Capitalism proposes --- a corporate system where there is no 'board of directors', where the workers own the company and share the profits. thanx for sharing this
@hollywoodartchick
12 жыл бұрын
According to recent Census data, we now have 3 empty residences for every homeless person in the USA. I agree with Wolff - this is crazy.
@macallanvintage
4 жыл бұрын
Its all about GREED...nicely packaged in different ways and different names. The types of system are meaningly as long as GREED prevails...leading to same behaviour and actions.
@SplendorVendor
11 жыл бұрын
"I believe that banking institutions are more dangerous to our liberties than standing armies." - Thomas Jefferson
@SplendorVendor
11 жыл бұрын
"The study of money, above all other fields in economics, is one in which complexity is used to disguise truth or to evade truth, not to reveal it. The process by which banks create money is so simple the mind is repelled. With something so important, a deeper mystery seems only decent." - John Kenneth Galbraith (1908- ), former professor of economics at Harvard, writing in 'Money: Whence it came, where it went' (1975)
@salassian3162
6 жыл бұрын
I have to quibble with professor Wolff on one point. In 1970, the US was not the most equal country (39:42), but we were doing far better than we are today. In 1970, Sweden, Canada, Germany, the UK and Bulgaria were all doing better than we were on the Gini index. See the Gini coefficient wikipedia page.
@waffiki
13 жыл бұрын
i like this man, he is making it easy to understand.
@saffron1250
11 жыл бұрын
This is one of the best analyses of the present situation in America I came across on KZitem. What I missed though in his analysis is the war-component which seams to have become something permanent, something the US cannot do without. Why can't they do without war?
@truefreedom3600
2 жыл бұрын
Because the financial (banking) system need to create more loans or it will collapse. And the gouvernment take huge loans to pay the salarys and such for the military personnel, and to pay the military industrial complex for weaponry. Read about: (Debt Saturation) Look for the videos (here on YT): "All wars are bankers wars" And.. "War by other means" 🤝👍
@misterguts
4 жыл бұрын
50:12 "I live in Manhattan, Michael Bloomberg spent $120 million to become its mayor." I live in Amerika, and Michael Bloomberg just spent $500 million to try to become its president.
@pandamanprod
13 жыл бұрын
@Jollyprez Hmmm interesting thoughts. Thanks for the perspective.
@CuteCatFaith
10 жыл бұрын
Very interesting what he says about France, where I as an American moved to 20 years ago, and became French. My American contacts find it hard to comprehend my existence here, and they seem pretty angry when I even have a stay-cation, as I just did with my spouse. I earn less than below the poverty line in the USA but I'm still okay -- it's a tradeoff well worth it.
@REASONINFUSION
12 жыл бұрын
I don't know how much it will "help", but you are much smarter than the average person for being so and more courageous for admitting it.
@dr.detroit1514
4 жыл бұрын
Seems to me, that the oil/gasoline price spike in 2006, is what possibly helped trigger the crash, along with the subprime loan security meltdown. At $4.25 a gallon, most of people's money was going into the gas tank, and they stopped paying on things like car notes, mortgages, and credit cards.
@ZooStation82
14 жыл бұрын
@sanctiX Are you singing the intro song to CSI Las Vegas? Granted, my Masters degree is in Electrical Engineering and not political science or economics. Quite honestly though, this lecture has flaw after flaw. I watched it 3 months ago so I can't pick another example off the top of my head, but his assertion that technology has somehow decreased the number of people in the work force is factually incorrect. By the way, who responds to a post made 3 months ago with a pejorative 4 word reply?
@Magikpotion
12 жыл бұрын
It's difficult to comment on this video. I think we all need to further think about what has been said. Favorited and liked.
@azenkwed
8 жыл бұрын
how can there be so few people in the audience !!! ....oh yeah... R. Wolff actually answered that question :/
@techservant
11 жыл бұрын
I did not agree with some of the conclusions of the video but well done none-the-less. We cannot completely blame someone else. We go into debt by signing a contract and receiving something in return...that is a choice we do not have to make. My house is paid off, so are my cars and I vow to not borrow again. If somone must borrow to own a home, they should borrow as little on the shortest amount of time possible.
@marxist-leninisttheory8023
11 жыл бұрын
Brilliant analysis
@LadyColumbia
12 жыл бұрын
I wish my fellow citizens would pay more attention to real economic issues than illuminati or human sacrifice. Prof. Wolff makes many compelling arguments. I agree that a truly free enterprise system is one that encourages different forms of business organizations, particular ones that provide that greatest level of social mobility. These are the types of discussions we should be having in classrooms, town halls and public forums.
@KorenReyes212
13 жыл бұрын
I'm now a year-long follower of Dr. Wolff...I did want to comment on him saying that the NASDAQ was in a ten-year depression based on the March 2000 high. That high was the apex of the bubble and therefore not exactly a meaningful comparison. What might have been more useful would have been a comparison between where the NASDAQ was on the date of his talk versus a "de-bubbled" NASDAQ, or a value in May 1997. That would produce a paltry but positive rough return a little more than 3%
@unclephil440
11 жыл бұрын
It all makes sense. Thanks for posting. .
@mrzack888
12 жыл бұрын
this man is a genius. and U r a genius for watching this video. give urself a pat on the back.
@recyclea
13 жыл бұрын
The initial point I was trying to make is that when economists or anyone for that matter refers to capitalism as an exploitative process respecting labor, wage and return, they are generally ignoring self employment which does not directly exploit any labor but that of the business. People should make a distinction between capitalism and corporate capitalism because their are the many types.
@Libertarianach_na_h-Alba
12 жыл бұрын
Thank you.
@DaveWard-xc7vd
4 жыл бұрын
Businesses are not obligated to pay you more that the government mandated minimum wage. It is up to the employee to NEGOTIATE a higher wage.
@fullblastman
12 жыл бұрын
The argument was that the stock is simply a "piece of paper". It has "value" established by the market (exchange). Many people "own" stock for many reasons....one of which is to keep track of your competition (shareholders statements) or to see trends in a particular aspect of industry! Some companies issue stock as retirement incentive (theory being if you hold interest, then you are more invested in its outcome.) There are many others including "profit gathering"
@aerofart
12 жыл бұрын
BRAVO Prof. Wolff!
@SplendorVendor
11 жыл бұрын
"The few who understand the system will either be so interested in its profits or be so dependent upon its favors that there will be no opposition from that class, while on the other hand, the great body of people, mentally incapable of comprehending the tremendous advantage that capital derives from the system, will bear its burdens without complaint, and perhaps without even suspecting that the system is inimical to their interests." Mayer Rothschild, 1863.
@agitcam
15 жыл бұрын
Great Job PHubb, thanks.
@Magikpotion
11 жыл бұрын
I was just trying to realistically portray the mentality of today's society. Everyone is unhappy and afraid or angry to some degree. Wouldn't it be great if we could all take the time we need to understand and speak out? That's where I get a feeling of helplessness but also anger, expressing the destructive nature of the situation. It's been going on and on ever since we existed. I believe that a more peaceful life is proportionally possible with less greed. I guess that's a start.
@wsijtsma
14 жыл бұрын
@BMMEZ One of those disadvantages is that it is not easy to move to a different profession when one has been chosen. The model is far from perfect and it is difficult to compete with companies that use the Anglosaxon model, since those workers that are well paid still prefer cheap product over expensive ones. The problem is not so much the model you use but the availability of the worker to make a choice (see follow up message)
@shawsky0
9 жыл бұрын
Hemp can save the planet! Look into it.
@itkapatanka
13 жыл бұрын
@j1a2r34 interesting, why do you think he left this information out? Do you think it would have made a difference to where we are now?
@thomasrusso7839
10 жыл бұрын
Missing another point which is most important but one has to make referance to Volume 1 United States Code which is inclusive of Titles 1-4 and Title 5 sections 101-5949, while Titles 1-4 and Title 5 are two seperate areas of law. Titles 1-4 is what is addressed as the Organic Laws, while Title 5 is for the corporat structure which is limited to what is found in Title 3 and 4 of the Organic Laws. There is no way to make the difference simple without out paying close attention to the dates and language of Titles 1-4 and in the order presented. But in my attempt to do so, I will point out that there are two United States, yes, two, the Constitution "of the United States" and the Constitution "for the United States" the former is things owned by the United States of America the later is not. One has to read Volume 1 to understand that George Washington did not qualify to be President of the United States of America, one he was a British subject and two he missed being qualified by two years, but he did take the Oral Oath of President "of the United States", which I may point out is an Oath of an employee even though elected to be President of the United States of America and this is a puzzle one must take apart even though it has been taken apart. All whom have followed have taken the same Oath. Most important to solve the issue.
@fullblastman
12 жыл бұрын
You know what the Right is beginning to wonder?.....Wow, that is an incredible talent!
@gulbirk
12 жыл бұрын
Part 1:Companies have a value. A stocks value is determined by the expected profit of a given company. This is because stock "holding" originally was about ownership. So you own a stock in a company, you get a certain % of the profit that is given to the stockholders. When trading stocks with no intention of holding the stock for profit gathering (which is rewarding ownership, which is quite silly itself) then the stock has no value. The stock is simply a "piece of paper" "proving" ownership.
@SplendorVendor
11 жыл бұрын
"When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes. Money has no motherland; financiers are without patriotism and without decency; their sole object is gain." - Napoleon Bonaparte
@hyperreal
3 жыл бұрын
Yaron Brook just destroyed this guy lol
@kurtilein3
15 жыл бұрын
do you know how expensive good speakers can be, and/or how difficult it is to get them to speak at a given time and date? the introduction is for free, and gets attention. (and in this video, the introduction is cut already). when the speaker speaks, that time is expensive, often over a thousand dollars per minute. and the people that fund it, pay for it, are responsible for it, well... they are the ones doing the introduction. thats why it is the way it is with those introductions.
@larrygerndt
14 жыл бұрын
The man is so clear, and the story is so disturbing, you will learn a truth you won't like, but will feel good that you know the truth.
@jagwarrentex
13 жыл бұрын
@Jollyprez Are you really comparing your knowledge to Dr. Wolff? Where did you get your degrees? I know where he got his multiple degrees so I think I will listen to him.
@Propagandhi900
13 жыл бұрын
@Golos817 We also must note that the USSR was NOT a socialist state. The worker`s had no control over production, and profits were taken and given to the Party. It was bureaucratic collectivist state.
@xXSellizeXx
9 жыл бұрын
Anybody else initially read the title as "Canabalism Hits the Fan - Richard Wolff"?
@Observer585
11 жыл бұрын
Just to put in my 42 cents (used to be 2 cents before inflation), the choice is clear: socialism offers workers a large slice of the pie; capitalism offers a larger pie. Or put another way, what's 100% of nothing.
@hazn139
13 жыл бұрын
I like this presentation. The good thing is that we both, me and Richard are against Capitalism. If somebody want to have a look into Islamic system of Governance please go through this without any prejudice. At the end we all are a part of this world, and want solutions.
@HailLuzifer
12 жыл бұрын
he is a great speaker
@8301TheJMan
11 жыл бұрын
The entire dep't are MMT practitioners, but by far the 2 best at explaining it an really the 2 who created it, taking alot of ideas an conceptions from Minsky, is firstly Randal Wray and Stephanie Kelton who's Dept Chair. They hav quite a few segment vids on KZitem, the best is the "Modern Money and Public Purpose video #1, where in the 1st half Wray blows-away an destroys all the myths an mainstream propaganda bout econ an finances. Also Kelton's interview wit Thom Hartmann was excellent too.
@garyreber6119
11 жыл бұрын
Infographics on the distribution of wealth in America, highlighting both the inequality and the difference between our perception of inequality and the actual numbers. The reality is often not what we think it is. The reason the rich are rich is that in large measure their income is derived through dividends, capital gains, interest and rent, through their ownership of wealth-creating, income-generating productive capital assets.
@IndigoVagrant
12 жыл бұрын
What is your issue with Kant?
@garyreber6119
11 жыл бұрын
The role of physical productive capital is to do ever more of the work, which produces income. Full employment is not an objective of businesses. Companies strive to keep labor input and other costs at a minimum. Private sector job creation in numbers that match the pool of people willing and able to work is constantly being eroded by physical productive capital’s ever increasing role.
@DanGod07
12 жыл бұрын
Why is seeing others as commodities a bad thing? Workers see employers as pay-checks, employers see workers as tools, however this system is mutually beneficial. Trying to see everyone as unique individuals doesn't work as it's impossibly to think identically to other people therefore know how to achieve and what is best for them. Therefore simply gaining a quantifiable means of allocation is simply the best system.
@DrEdLyell
11 жыл бұрын
wonderful explanation and forecasts that are already coming true As a Business and Economics Professor this video and his original version help students to understand the current state of the real USA economy. Too many students just hear the political ranting of Fox news and similar who are saying what the wealthy and politically connected 2 percent want said. There need to be new ways to run the economy, and that does not mean going to old style socialism.
@nan16cd
4 жыл бұрын
Greed is one hell of a drug!!
@geozipper
11 жыл бұрын
That's where we disagree. Wolff explains in another lecture that the ancient Greek philosophers were very much against having their citizens going to the marketplace to argue over what would be a 'fair' exchange. They considered it disruptive to the natural fabric of their society. Just as Capitalism is today: environmental damage, exploitation of labor, the creation of a class system hierarchy which leads to crime & ill-health. It was a choice. And an unsustainable one. It will not last.
@clarestucki5151
4 жыл бұрын
It's kinda unusual to hear a self-described economist describing financial instruments who doesn't know the difference between a stock and a bond. The sub-prime mortgages were bundled into bonds, not stocks.
@huazhang8306
3 жыл бұрын
The working class in China is not going very well either...we are in the same way like what the USA has been through... What a wonderful clear mind, Professor Richard Wolff!😇😇😇😇
@lepidoptera9337
3 жыл бұрын
The working class has never been doing well anywhere, at any time. Can we skip the platitudes?
@fullblastman
12 жыл бұрын
By the way....you are very talented!
@BakerLawson
14 жыл бұрын
This is an excellent analysis of the Financial Crisis (and I do have an Honours Degree in Politics) admittedly he hasn't explained the connection between technology and the reduction of jobs but he only has so much time. I don't agree with the earlier argument that job 'evolution' cancels out the increase in unemployment as in the jobs haven't disappeared they've just changed. I think what he is getting at is that UNSKILLED jobs have disappeared, that's why the working class, have suffered.
@erickad25
11 жыл бұрын
Wow, I wasn't expecting such a response. I agree about proving yourself. I don't agree that my opinion isn't worth anything or that I should shut up and do what I've been told. There is a time and place for this shut-up business.
@MrPineappleman93
12 жыл бұрын
I agree with you, but fortunately Wolff isn't the only professor viewing the problem of capitalism from a Marxist (or rather clear) perspective. I mean Wilkinson and Pickett pretty much destroyed the illusion a the capitalistic society in the Spirit Level. And you know David Harvey also brings up the exact same systematic problems with capitalism. David Rothkopf as well (to some extent) and their views are begging to surface. So do not worry there are sane people out there.
@REASONINFUSION
12 жыл бұрын
You are correct!!! I am black and my white socialist comrades always tell me how confusing it is that blacks do not see how they are being exploited. "One way the status quo remains intact is to pick members from amongst the most exploited groups and put them in mock positions of status" Karl Marx
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