Economic Update: Karl Marx, 1818 - 1883 

....and Michael Parenti. His books and lectures are a must-read/see.

Damn Skippy. The real media

But it will take a revolution!! The question is "do the oppressed have the backbone for it?"

thanks for the recommendations your guys i really appreciate it

Hi Carl, Thanks, I looked up Chris Hedges and ordered one of his books. I just got done ready Peter Joseph (great book but he dodges the point where there is absolutely no way to envision a political pathway for achieving anything). But Lee Camp and Jimmy Dore don't seem serious. and Jacque Fresco... well I hope he is out-dated because his books are not currently in print.

Lila W It looks like us lowly Serfs are about to enter "the pipeline!" Hang ten my friend!

Hi Lila, Actually the Serfs in many ways had more Wealth than we do. You see, when they say that Serfs were held in 'bondage', well, that was just propaganda, as the only thing that held to the Serfs to the Land was that they Owned It! Through Ancient Traditions the Serfs had Entitlement to their land, with certain conditions stipulated. In many instances the Serfs could no subdivide their property, just as in many instances the Lords of the Manure were limited to hereditary primogenitor (first son gets it all, and the other children must go into the Church, the Navy or the Army). But, yes, the Reason why the Aristocracies chose themselves to "Liberate" the Serfs was in order to kick them off their land, so that they could employ the land differently and more profitably. The Serfs effectively were screwed over and they had flood into the Urban Centers and become the downtrodden Urban Proletariat. They looked back at being Serfs as the Good Old Days.

Lila W "lowly serfs"? If you stop categorizing yourself and other humans into groups (in your case "serf") like the left loves to do, you might be able to break free out of your mental trap and take charge of your own life while you still can.

Clitories Deplorable I bet you're super fun at parties

Leo Volont Can you provide better sources for this? I've long since suspected that a lot of the demonization of feudalism is completely ideological to prop up bourgeois capitalism. Feudalism suffers the dame ideological fate in today's ruling ideology as communism.

The Boar in Berlin! I didn't know they made a movie. Thanks, Comrade...

To be fair, I wonder what Mr Wolfs argument would to those living in communities suffering under the grip of illegal gang violence and drug smuggling? Or communities that have seen wages and working conditions plummet after waves of illegal immigrants enter their towns working for lower wages without tax, disability insurance and so forth? I ask because I happen to live in one of those communities and the effects of illegal immigration have been, not just palpable, but devastating. I do agree that it is just one part of a much larger picture, but an important part nonetheless. And to be clear, no one here BLAMES the immigrants. We blame the anti-worker policies that have encouraged them to come here to drive down our wages, working conditions, and way of life.

@@thenewtalkerguy496 You're completely leaving out the globalization of the labor force that happened in 1979, I believe. Why pay higher wages in the States when you can go to other countries and pay really low wages for the same product you mark up the price on by astronomical amounts?

Except that no one is point a gun at their heads and forcing them to buy products and services.

+juniorgod321 Very true. We should take responsibility for our mistakes: undo the inequality we've created and fundamentally restructure society so it doesn't happen again.

Hi Juniorgod, Duress does not take a gun to one's head. Remember Siege Warfare? In a Siege you only have to starve a city out. The Capitalists can starve us out. We Need Stuff and we just can't poop the stuff we need out of our butts.... well, maybe 'juniorgods' can.

No the amount you earn determines that.

No, the amount you earn determines that.

HeliOs AsclepiUs Agree. He talks the truth that most refuse to see. This has become a country of haves and haves not like many 3rd world countries and immigrants have nothing to do with it.

Funny? He is not funny, at all, what he talks about should not make anyone laugh. Your choice of words makes me wonder. It should be known that 'this man' studied in the best universities in the country and is packed with degrees.

So start a co-op. Put your money and time where your mouth is.

HeliOs AsclepiUs Marxism is capitalism as well who owns the means of production any kind of activity that involves producing a good and selling it on the market is a form of capitalism there many different types of capitalism. What the distinguished Professor fails to disclose about the Hidden Side of Marxism is that it inquiry it requires forced participation by the state authorized guns identify the day let us say that you do not want to participate then you have a different idea you want to go it alone and you want to try your idea of self-governance under Marxism what would be the cost of such a belief what would be the repercussions of attempting to realize your dream as an individual? If you are asking this question he has to answer what the truth the truth is that they will ensure manipulation and then if that doesn't work they will ultimately have to initiate Force and aggression against you is that moral and ethical? There is an interesting format very very small small government people keep the fruits of their labor to distribute as they see fit to their own Merit and participation in the economy taxes are voluntary and those that do pay taxes may have a little more votes and how to facilitate agenda local issues ETC there presently taking applications for citizenship so very unique model an opportunity I suppose. People should look up what happens to those who are no longer able to participate and be productive in a communist Marxist Society in every instance they were regarded as being useless eaters and found some sort of justification I wish to eliminate them reducing the burden on those that were able to continue producing for the state but you have to recognize models of governance there are the bureaucrats that live a very good life while everyone else loves a very modest very basic life with just basic necessities we all have needs and desires for things products technology that helps make life easier that helps free up time for ourselves to do other things do we really need Society to tell us what we need I mean we all have unique and diverse quality of life requirements for instance I have a $2,000 bed and it is an average bad and much to average for the injuries that I have in my back I know that having tried the $6,000 bed which required many many man hours to produce and so that's why it cost so much that was the bad that would have suited my needs for my back injuries but I could not afford it in a Marxist Society there is absolutely no way that everyone is going to have access to a $6,000 bed nor is everybody going to really need one but the point is there is no way that a Marxist government will create such an inequality by giving a disabled person a $6,000 bed while everybody else is sleeping on a 200 or $300 bed that would be unfair the person with a disability ends up losing because somehow the engineered needs of the masses is more important than the individual. You mean nothing in the Marxist ideology as an individual you mean nothing you are not acknowledged unless you are anointed and you are one of the bureaucratic Elites then you are rewarded so what we have and crony or corporate capitalists or socialist or communist Marxist governing systems we have the upper idiots who rule over everybody else will have a really good life and everybody else lives in misery or or at least eventually going to get there through taxation without representation and inflation which destroys the purchasing power of men's labor through excess money printing. Socialism communism crony capitalism they all look good on paper to each group The subscribes to it until you actually participate in it and find I'll truly inhumane they all are I will suggest to watch the documentary entitled what anarchism isn't which is based on non-aggression principles so all the systems I've mentioned above all require the initiation of force aggression manipulation coercion ultimately we are looking for a definition of evil well then we have one.

pfft... you haven't been listening at all, just spewing out your ill-informed opinions - yuk!

I know, right? wouldn't it be great if the system was set up to make doctors and waiters to earn the same? ####sarcasm###

juniorgod321 No, you live in one the makes Hedge Fund scammers wealthier than Midas compared to lowly Doctors.

@Ahmet Deveim @Democracy At Work the founding fathers of the US were way ahead of Carl Marx: "We the People" shares the same derivation, ie means the same thing as "Co" mm "Uni" sm/ty/on/cation "Co-Unity", ie "Together as One" ie "E Pluribus Unum" ...its in everyones face & no ones noticed. the implications of this should strike a great interest in you as it does myself as it shows the founders to have recognized the same thing, decades before marx 🤓🤗😜🤗🤗🤗🤓

Junior 321 probably you dont have enough information about marxism and communism I am not american or english so I cant explain marxism to you here.You should read abc of socialism,communist manifest and capital.I am sure you will find answer of your all questions.

t ́chin up ...the founders were the first collective away from the individual projection of king or dictator. while largely pigeon holed into their lifestyles, they penned into being means for future generations to pursue what they could not... Nice try though... 🤓😜😘

The rich have convinced a lot of Americans that they're middle class (instead of working poor) by providing them with tons of cheap, imported consumer goods. If people get to consume a lot, they feel well off (even though they very likely consumed those goods via credit card).

@@Islandswamp And people have forgotten there is more out there, a better way, because of this

There are communist countries in the world, you should think about emigrating there.

They didn't get rich by being generous...

Orange Hitler Just an observation, I'm certain there are many wealthy and generous folk.

@@mastorione what are ur observations on the blacks

Edward Maxwell Boycott entered the lexicon back in 1880 and this act of abstention has borne great fruit. I'm amazed how seldom this form of demonstration is put into use by the downtrodden.

Edward Maxwell *the age of abundance is coming

The value of the dollar has been diminishing since 1971 when Nixon took it off the gold standard. Paper money is a fake money. So rather than saving dollars or curtail spending, you should exchange your hard earned dollars for gold, silver and real estate, assets that hold their value at the very least. This is what economists like Wolff should be teaching you instead of hitting you over the back of the head with a communist manifesto....

Clitories Deplorable Be nice. Professor Wolff is a Marxist Economist, not an investment advisor. I recommend you shake off the Stockholm Syndrome that has been inflicted on you by decades of MSM brainwashing, and begin to understand the benefits of social collaboration and cooperation.

Capitalism needs spending more money to survive , that s the problem

also PLEASE GO VEGAN - FOR YOUR HEALTH

America is a Two Party System... not Constitutionally but by some ancient Gentleman's Agreement that has been institutionalized into the Legislative Rules. that is why Progressives are taking over the Democratic Party, and why the Libertarians (the Tea Party) tried to take over the Republican Party. The Green Party.... they must be idiots to not see that.

Real libertarians do not believe in coercion. That principle is absent from Tea Party activists. The Republican Party is all about the protection of privilege and the accumulation of wealth even when unearned and acquired by monopoly. The Green Party has tried, so far with minimal success, to convince voters that neither of the two parties will ever break from their financial dependency on those willing to use part of their financial power to defend the status quo.

Edward Dodson There is no "greens party". They are the communist party wearing green ties. They're also called 'water melons', green on the outside, red on the inside...

I have been a member of the Green Party for over nearly 20 years. Many newer members have come from the Sanders campaign and embrace socialism. Perhaps you see no distinction between a socialist and a communist. Perhaps the best term to describe my own politics is social democracy.

Edward Dodson since when has any politician ever paid the price for the ill conceived policies that harmed many people? Never in history have we ever seen any instance of accountability so I now have to beg the question why do people insist on leaving their autonomy in the hands of people who just don't care and ultimately seek to remove more more if your freedoms this has been the historical facts the political process. Why do the Sheep desperately seek out the shepherd the Shepherd protects his sheep until such time that it is necessary to harvest those sheep and put them out of their misery this is what human sheep doesn't see Slaughter behind the curtain those would have been unfortunate enough to go behind the curtains unable to tell their story some of us can tell their story in their honor.

Thanks

That is wonderful! I have doing something similar with Capital Volume I and Harvey's lectures as a goal for 2019. Good job!

Maybe the big boss gets, say a hundred thousand dollars a year 🤔 I would say it's already way to much for a job devoted to helping the less well off .....

That's a very interesting point.

as a fellow anarcho syndicalist i gotta say that its not that simple. i agree that there is way too much talking, but what mr. wolff is doeing is analysis of economy which is something not talked about enough. economic analysis is important so you know when and how to strike.

@Leah Hunter This is so true so many people are so busy trying to eke out a living they don't have time for any revolution. Beside the right wing propaganda is just so deep and effectibe it's really hard to break thru to people.

Hi J Galt, yeah, I think that Wolff was just enjoying a rhetorical moment. He understands that Dollars are NOT Wealth. All those Dollars are Financial Instruments circling around it Equities and Derivatives and they are actually buying and selling nothing of any Material Value. but if you suddenly took 732 Billion Dollars and tried to buy Food, Utilities, and Services with them, then they would quickly lose value as the Inflation Rate in the Actual Economy would skyrocket. If Money could fix the problem then all we would need to do was Print Money. but its not so easy to Print food, energy, utilities and services.

Maybe.....but it creates a false impression and a simplistic mindset which I don't believe is helpful when examples like these are given. Take for example the oft quoted stat that the top three individuals have as much wealth as the bottom 50% in the US. Now if we are generous, this total might be 250 billion times two. So half a trillion dollars.....this would fund the federal government for 6.5 weeks at current expenditure rates of 1 trillion a quarter.....it also makes you wonder what the total wealth is, of the entire population.....which doesn't seem like much compared to 18T GDP, a 4 trillion annual federal budget, 20 trillion debt, etc. Then there is the fact that a lot of what is the GDP, is stuff we shouldn't be doing or producing and a lot of it is producing negative value, and consists of things we can't afford to keep doing. Now it is clear that the billionaires and those in government are complete idiots, but the constant repetition of this fact and well as the latest string of "foolishness" isn't really a solution to any of it, and simply saying that the problem is systemic doesn't really capture the scope of it, because there is a lot of "system" involved.....so given a political environment where everyone is looking for a simple cause or something or someone to blame, encouraging this in anyway, defeats the purpose of raising awareness to the levels we are going to need to fix it. ( yes, I know he explained why immigration is not "the problem"......but neither is 670 billion a solution.....but people hear what they want to hear, and many will hear that.....and we have enough ignorance already.....just saying.)

Hi J Galt, Yeah... I like your point about the problem being Systematic. It really really IS. The biggest problem in the Problem is that the System, while being all screwed up, is in fact a Huge and Very Complex Interrelated Machine that somehow is keeping everything going.... not Intelligently, and mostly by momentum, BUT, what would happen if you jumped in and started Taking It All Apart. I believe a Collapse is Inevitable. But trying to Fix It before it Collapses will probably just precipitate the Collapse. Damned if we do, and Damned if we don't.

Is the set of all systems, a member of itself? ( thrown in for humorous consideration ) Systems, systems everywhere, and not a one that works. Undeniably, regardless of which system or set of systems one finds oneself, humans are involved and invariably, it is a rare outcome that any system manages to serve all of its members, or even makes the attempt.....so to be involved in a system, one has to also recognise, that one is essentially trapped by it, and those at the bottom, run the risk of being deemed non-essential to it, and subsequently discarded by it. This process is facilitated by all members of the system, which when it fails to serve those at the bottom is not viewed as evidence of a failure of the system, but rather the failure of those who being trapped by it, fail to rise within it and have no means of escape from it. This truth regarding all systems will continue to remain true, until a system and all its members recognizes its responsibility to serve all of its members and holds itself accountable to this responsibility and for all the rhetoric paid to co-operation and altruism being inherent characteristics of humans....this seems to be beyond the ability of humans to achieve.

P.S. Observations on the observations of Karl Marx ( the second half of this program ) For those familiar with evolutionary biology, one learns that one of the primary survival traits humans have, is that of "pattern recognition". This trait is so strong that humans tend to want to attempt to apply it, even when such a pattern may not be present and in doing so, they also adjust their behavior and actions or reactions according to it. Karl Marx, observing the results of the american and french revolutions and noting the structure of the previous social orders of master/slave and lord/serf considered the new order of employer/employee and concluded that this was simply a "variation" of what had previously been dominant systems. Given the ubiquity of the trait, and the simplicity of the pattern one might be prompted to question that given the effects of these variations and the flow of benefits from them and their distribution, why the latter variation has managed to persist in view of the "results" they have produced, especially one adds to the mix, the rise of "democratic" tendencies as a reaction to the previous hierarchical models? ( to be continued.....)

you, sir, are correct.

Hi Alan, Why do they need to waste time with an intro?

Tomato Pa What if I give you $10 and I give the other guy $1. But what if the coin of the realm is yuan, and that sawbuck I gave you is in American dollars and considered not legal tender. What if the other guy, whose $1 is in street legal yuan, says to you, "psst, tomato pa, I'll give you my $1 in goverment issued yuan for that 10 spot you got in American dollars" What would you do?

Tomato Pa Why do I have to choose 2 such stupid options? whose saying for me to choose? Someone with a gun like the goverment.

Tomato Pa ill join!! whats the game plan?

Tomato Pa Deciding to exchange your $10 in U.S. currency for the other guys $1 in yuan would seem like a judicious choice to most people reading this, especially when they are made aware that under the Law of the Peoples Republic of China, anyone trafficking in bills from outside the realm is subject to instant land forfeiture. It is also decreed that the malefactor will also lose his left hand, the thumb and middle finger (making it difficult to wipe one's ass) of his right hand, and the hallux from his left foot. But what if I were to tell you that the man you're conducting the transaction with is blind, and you could conceivably give him that parking ticket you got earlier in the day and tell him it's a $10 bill and then exchange it for the $1 yuan he possesses that has the picture of Mao Zedong on it. Would you do it?

Tomato Pa eliminate who?

Use that link to watch for free, but also donate if you can!

Hey man, just a couple of links that you might like. Not sure where you are so please don't think i am trying to be condescending. The full audio is here www.truth-out.org/news/item/43638-economic-update-karl-marx-from-1818-to-1883 The librivox audio recording of Capital is here ( it is in four parts and is somewhat tedious. Ironically, it has a lot of ads on the ol' youtubes.) ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-LE6qa3bhnOo.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-GRFE91yjBWQ.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-zzTHOBPtUPQ.html ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-nMI63BNBhXM.html Then for an analysis of said Capital i would recommend this by David Harvey ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-gBazR59SZXk.html all the best and have a great day.

I also find the "patreon-paywall" blocking the second half a very CAPITALIST maneuver I'm not sure Mr. Wolff even know about, but is totally contrary to his 'pitch' that his online content never costs us to see/hear. Yeah, I get that the AUDIO is available. Why not the video? because monetization is more important that dispersing the information as in past where the entire program was uploaded to this channel. Patreon-paywall = CAPITALIST EXPLOITATION of Marxist-ideology-education.

illegal immigrants drive down wages for all wage earning people....today 11/28/2023...USA southern border and over stay visa people are 60 million ....AI finish the job of the NWO...WORLD ECONOMIC FORUM...

Heck, they, the Russians, are more Capitalist that we are now. Even Trump wants to move to Russia.