Economic Update: Uneven Development a Key Problem of Capitalism 

Thank god for prof Wolff!!! Listening to mearsheimer for 3 hours is so bloody frustrating, shouting at the screen!!!! Prof Wolff is a breath of fresh air ❤❤❤❤

Always a pleasure to listen to Professor Wolff. from China

Another excellent analysis by Prof. Wolff. THANK YOU!

Inequality is built into capitalism. We need a steady state, non market economic system.

Thank you Dr. Wolff for speaking the truth. God Bless You.

Are we angry enough yet??? Idk if people are getting it yet, sir. Thank you, professor Wolff 🙏

In monarchy we had a chance to get a reasonable, empathetic leader one in a while. In capitalism the system only allows sociopaths to rise to it's top.

Among most sincere and Brilliant 👏 economists is Dr. Wolff

The system is the problem, and the public ignorance is a huge problem.

BRILLIANT EXPLANATION OF CAPITALISM AND IT'S DETRIMENTAL SIDE EFFECTS ON HUMANITY.

Thank you, Professor Wolf. I never studied economics for all kinds of reasons, but now I am with you as my teacher. You make the subject both real and fascinating at the same time. Of course, it's all depressing as hell still, but I am beginning to understand why.

Phenomenal, absolutely brilliant.

Much appreciated Prof. Wolff

Thanks to you we know that it is capitalism what we are suffering today and concerns every topic of our lives.

I wish this wonderful and timely lecture, Professor Wolff, could be heard by every American during these times of unraveling- and awakening! “Uneven development” says it so well!…. Deep thanks! ❤

Inequality is a core value of extreme capitalists

Thank you Professor. The portuguese subtitles are incredibly precise.

Oy, it looks like the Ayn Rand trolls have found this channel. Prof. Wolff must be hitting a nerve with logic.

Happy Birthday uncle Marx, thank you father Wolff.

Another insightful lecture from the great teacher! Always looking forward to his perspectives!

I remember Michael Parenti talking about Cuba, how one of their municipalities had only one road: plantation to harbor. Then, their state socialism developed so evenly that a mountain village got a clinic.

"All that is solid melts into air." Excellent primer on some Marxian fundamentals. Keep up the important work.

I appreciate how Dr Wolff breaks down concepts for a wide audience. demystifying economics which is often portrayed as too complicated for everyday people. Bravo every week 👏🏼 also why does that intro beat go so hard lol

Go on Professor Wolff you absolute Marxist legend !! I love your efforts for all out socioeconomic justice Love to you all

That is a very good explanation of capitalism. It makes a lot of sense.

Great information, thanks.

Fantastic introduction to an extremely important aspect of capitalism. Thanks D@W

Oh how I WISH Americans would ask themselves these questions Prof Wolff asks in this session. All of us should work to be more critical of the world around us but few of us are.

Thank you for continuing to bring such clarity to understanding the problems the world is in right now, your explanations have transformed my worldview.

Best explanation & episode!

Thank you for another great video!

Best professor ever. Love this economy class.

So glad I came here. Things make sense when brought into the light. TY

The professor just speak facts.the point about big business highly favor over small businesses and self employed person..we are living that examples. they get access to all kind of loans from government and banks,they even dubbed them too big to fail.i am just a big fan of fairness and equality for all.

Thank you, Prof. Wolff. I would love to hear more of your views on the challenge of immigration and what you would recommend as policy responses to it.

Brilliant as usual❤

Anarchy of production is a key feature of capitalism

May the spirit of Marx protect Dr Wolff ❤

You are great...

25:10 for those wondering what to do and what has to happen to keep their communities, I suggest reading "What is to Be Done?" by early 20th century political theorist V.I. Lenin.

It's clear as day. Yet we keep going.

This was taught in class when i was in elementary in China .😊

Very interesting and thought provoking presentation (as are all of your presentations).

As always, a phenomenal episode, my only point of mild criticism, is on immigration. Wars also cause huge influxes of immigration & in today's world a very high contribution to it. That said, I don't disagree that uneven development has played and still does play a major contributing role to it. I don't, however, see an issue with immigration & from all your all speaking i have heard from you, I know you do not either.

Richard Wollf, Great Educator.

love you man

I was told since I was a kid that the rich a getting richer. At that time I thought it was alarming because they would end up with everything. That is only more true now.

Excelent

#directdemocracy#smartfuncities...💗🍃🙏

BRILLIANT ANALYSIS OF A RATIONALMIND''

Another probative edition of EU-As I listened I was reminded of a book about Capitalist extraction ,and the suffering it causes-A generation ago ,the Ky Lawyer ,Harry Caudill wrote a classic on the social problems caused by the coal industry's strip mining of the Appalachian eastern end of the state,"Night Comes to the Cumberlands.I could elaborate,but I think Professor Wolff described the issue ,down to the raw nub.The coal industry propagandists have the people victimized by the process blaming themselves for their poor health,housing,education etc-often to the point of stereotypically mocking themselves.peace.

Is it just me or do i see bots in the chat sending replies to people? this was a great video thank you for your time Mr Wolff

I agree with Marx's critique of capitalism. The effects are all around today and growing quickly. But the solution is govt regulations, keeping corporations in check, prohibiting excessive manipulation of the system, and equal access to all services. Sure, the wealthy will find ways around the system, but they always will. Socialism will need just as much protection from abuse, because greed is impossible to eliminate.

Wolff is fine on the subject of uneven development. On monetary issues, however, he's far more shaky since he doesn't seem to understand what MMT says about the money system. The U.S., for example, doesn't have to tax (or borrow) to fund public services because it has a sovereign currency. So long as Congress allocates budgeting for public projects and services, it doesn't need to tax. That only happens if money isn't authorized at the Federal level, but to my knowledge Wolff has never made a distinction between Federal, state, and local budgeting.

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Uneven development makes traffic a NIGHTMARE. It's a bad idea to centralize all the jobs in downtown. So that we must travel 1 to 2 hours a day stuck in slow moving traffic. The downtown model is so outdated. We need more job centers in the suburbs.

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19:13 and the school-to-prison pipeline! no one talks about how much it fuccs up & it effects all of us. in georgia, we got high schools ten minutes down da street from prisons, theyre sayin da quiet part out loud.

не вавилон в небо не усремимся!!!

The trolls are out in full force both the comments here and in the chat.

When selfishness is a virtue and neocon prevails, anything is justified.

не наша проблема!!!...мы можем..помочь...Полковник Иванов..вам все инструкции Расскажет!!!

😎

Не умерай пригодишся!!!..

надеюсь ..что Копиталисты..Евразии договорятся!!!

,Realists fought capitalism, but corrupted political parties doesn't ...

Sounds like a rant… we are definitely paying gross taxes. Our government has the money its misallocation

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read Ray Dalio's "The Changing World Order" for cycles and growth and decline of empires

thats why the chinese gov now started to develop their villages

Please offer a solution that works

♟we control the shift 🔮

Economists saying nothing about the depreciation of durable consumer goods and the probability of planned obsolescence is irrelevant to capitalism of course.

Democracy @ work, are you agreed with me?❤❤❤❤

вода сыграет ..свою Игру!!!..

кто во что ВКладывалсЯ!!!

For a start, Capitalism is only a theory,. The theory never involves human factor and effect of environment and politics. Capitalism in US is different for that in India, China, UK, Germany., Thailand etc. Even Capitalism in USA 1800's is different from that in 2020s. Whether the people in a country enjoy lives depends on the types of political leadership. Are the leaders pro common people or pro elites ? In the US the leaders are pro-elites less pro-common people. In China, the leaders are pro-common people. Many countries' leaders are pro-corruption. So capitalism or communism are just theory, and theory is always prefect without human factors.

Верующие не хотят нищеты!!!

How can we have even development, professor.

мама в тебя вложила!!1..Зря!!!

не вспотели?!!!

"Uneven" income (pay) is simply a reflection of uneven productivity. How could it be otherwise?

All this stuff started after second world War the land of glory

Why is it so many prominent Jews - refrain from commenting on the Genocide of the Palestinians by Israeli Jews - and yet comment - give interviews make videos about every other subject ?

Wealth is like a differential equation that converges to either 0 or infinity. There’s a divergence and if you start above it your wealth grows exponentially but below your wealth trends towards Zero.

Dr. Wolff, please modernize your video format. People want to see your face up close not that far away. Your message will be easier to spread, and we need it to be spead as quickly as possible.

Anything Britain can do ,America can do better .

Шутка!!!..

The United States (US) would never have used capitalism as its economic model, if it were truly the champion of democracy. Capitalism is designed to create uneven development, and that only favors oligarchs. The evidence shows that People’s Republic of China is more democratic than the US. China has already eradicated her poverty, while the US has 38 million Americans living in poverty today. It is important to mention that China has 4 times the US’ population. How was China able to accomplish that? China government does not allow its oligarchs to do whatever they want. That is why 90% of Chinese are satisfied with their government, despite the US accusing China of being a dictatorship. Conversely, the US allows its oligarchs to do whatever they want. That is also why only 33% of Americans are satisfied with our government. These oligarchs don’t care what happens to the 99% of US citizens. The US is more interested in trying to force China to give US oligarchs a, so-called, “level playing field”. What that means is for China to allow US oligarchs to do whatever they want in China like in the US. China, of course, refuses to yield her sovereignty to US oligarchs. War is a racket in the US. That is what US Major General Smedley Butler in his book, and US President Eisenhower in his farewell address told us. The US is fighting the wars in Ukraine and Gaza to make its oligarchs even richer. Today, 9 of the 10 richest men in the world are US citizens. Despite US university students all over the nation protesting and getting arrested to stop the artificial colonial settler state of Israel’s genocide against the indigenous people of Palestine, the US government is determined to violate the Genocide Convention. The US recently threatened the International Criminal Court with sanction and a military invasion, if it dares to issue arrest warrants for Netanyahu and other top Israeli officials. The US will do everything in its power to keep economic development uneven. Therefore, it is up to the 99% of us to stop this US out of control capitalistic train, before it kills us all! Capitalism can destroy humanity too!

In Days of Old --- when the English didn't make their own tea ... hmmm.

Problem? While u're clearly more informed on this, I think u've mistaken problem with desired

Capitalism, (not capital...! ! !) is more prone to mal-distribution and related errors than, scientifically viz. objectively, communism could be.... (The Law of Great Number or Sample, The Law of Distribution etc reduce their error thanks to the participation of greater number of individuals in the sample or population or community.... This is not necessarily a conjecture .. Population (with brain) is (brain-) power ....! power... !

Immigrants are forced to leave countries which are being ravaged by the United States and the West. It's only fair that immigrants come to this country.

Marx missed the market by not fully appreciating the power of landed and other rentier interests to cause uneven development, generating cycles of boom and bust that had serious effects on labor and the use and production of capital goods. Marx need to think more deeply about the outcomes of what he already embraced; namely, the public capture of of land rent (i.e., the potential annual rental value of all locations, of all natural resources, and of all other natural assets with an inelastic supply). This important systemic reform is essential for cooperation to blossom and to keep competition within its appropriate limits.

I thought uneven is by design For example, school in the US got funds based on zip codes

What is probelm is not a problem if one gets food

You’re right Professor Wolff. For Capitalism to function, there needs to be extreme poverty for a small minority to obtain extreme wealth. That is a highly inequitable destructive system. It’s playing out right now in our country. Don’t blame the poor immigrant coming here illegally, blame the capitalists that are opening those borders letting them in to exploit them and keep all wages lowered so all the wealth goes to the very top. So, capitalism destroys the middle class and makes everyone slaves. You don’t need a PhD in Economics to understand that, although here’s a guy with a PhD in Economics telling you that!

I am the son of west African immigrants I would have people in this comments section know that most of us immigrants believe in entrepreneurial capitalism. We are not marxists neither do we want handouts. My parents are Liberians🇱🇷 who taught me society does not owe you anything. I like Dr Wolff critique of capitalism but let’s be honest we are not going to get rid of capitalism.

Politics determines how wealth is distributed within a country, while wars and diplomacy determine how wealth is distributed between countries. These are not good outcomes for US citizens of US Government policies: Economic inequality, inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence. Capitalist Denmark, Norway, Sweden, Switzerland, and Canada have relatively low social and economic inequality levels, achieved through strong welfare programs, progressive taxation, and policies to reduce income disparities.

Bull shido