Economic Update: What Capitalism's Decline Means

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[S10 E46] What Capitalism's Decline Means
**Economic Update is a ‪@democracyatwrk‬ production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: / economicupdate . Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical.
This week's show is dedicated to a discussion of the signs of US capitalism's decline. Wolff explores the passage of US capitalism from its birth, through its state-supported growth and expansion, to its global peaking from 1945 to 2000. He presents the causes of its ongoing decline this 21st century, and then offers a conclusion on the right, center and left political responses to decline.
Read the full episode transcript: www.democracyatwork.info/eu_w...
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now!
www.democracyatwork.info/books
"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges
Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
www.lulu.com/spotlight/democra...
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9 июл 2024

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Комментарии : 1 тыс.

@notabene7381 3 года назад

“Slavery was never abolished, it was only extended to include all the colors.” ― Charles Bukowski

@gchijioke12 3 года назад

Racism exists. Saying otherwise ignores the sheer social complexity that has brought us to this point.

@thejquinn 3 года назад

Actually it truly was never was abolished because the 13th amendment legit says could basically be enslaved through the prison system, thus the rise of private prisons

@RichardCarlson-zm5bl 3 года назад

Economic slavery, where workers suffer from the fruits of their labor by 'Capitalist' pigs who excel at extracting wealth from all aspects of life. . . i.e. employment, healthcare, education, war, you name it. . . . greed for the sake of money and power. . . . while working people are expendable and taken out with the daily trash.

@notabene7381 3 года назад

@Larpy McLarperstein Then you're at the wrong channel.

@jenaroayala5731 3 года назад

@Larpy McLarperstein no you can do that in a Trumptard group just don't say Capitalism they will think you actually have a brain say something like "MesSkins", "Dah Blax", "Dah Geyz", and you can Schlopp all the Cok you want from Trumpania.

@mamajojoful 3 года назад

Prof Wolff is giving me the economic education I never received at school. It really makes perfect sense to me.

@drakekoefoed1642 3 года назад

this truth is banned in school by the oligarchy. guillotines will fix that.

@mamajojoful 3 года назад

@@drakekoefoed1642 Vive La Revolution!

@mamajojoful 3 года назад

@@drakekoefoed1642 Hey, and it's Make Amazon Pay Day!!!

@mmoxam6963 3 года назад

@@mamajojoful the Prussian education model works like a charm!!!

@willia3r 3 года назад

@@drakekoefoed1642 assuming of course that the USA 🇺🇸 male population are *_not_* too emasculated and effeminized to push that sort of radical accountability and reform. Also, there is the _”divide and conquer”_ aspect to consider...where the various buffer groups are more or less concentrated on fighting each other... ....and *_not_* concentrated on opposing the corrupt elites who created and manipulated this whole rotten pyramid of an empire.🤔

@skijay2010 3 года назад

History with a healthy dose of economics. If students were taught this history, there wouldn't be all this jingoism.

@designerama1099 3 года назад

Eh survivor bias ig. Perhaps in a reality where we didnt make these choices and made better ones we'd still be struggling with some unknown next hill

@sanramondublin 3 года назад

exactly, on the point. but that was a big IF, establishment worked hard, so people DO NOT GET THAT KNOWLEDGE.

@Gregorypeckory 3 года назад

True; the audience for shows like this are the only hope for stopping the drift toward authoritarianism that isn't going to end with Orange Julius Ceasar.

@mjohnson1741 3 года назад

That fact that it isn't is part of the agenda. "I don't want a nation of thinkers I want a nation of workers." -John D. Rockefeller

@joshnic6639 3 года назад

But...didn’t the English buy African slaves? He tried to say they were brought over by force, but everything I’ve researched says they were sold to the English by their own people.

@rhou568 3 года назад

wonderful history lesson on capitalism. Pity that most American have no ideas about it.

@GeraltBosMang 3 года назад

As intended by capitalism's design.

@jasmineluxemburg6200 3 года назад

You missed the point ! ? It’s circumstances NOT ideas that drive peoples and economies historically ! The mega circumstance for the USA economy is the relentless rise of Chins !

@morningtrees2090 3 года назад

@@jasmineluxemburg6200 I disagee; clearly, it's BOTH circumstances AND ideas. The concept of "the other" is an idea that has been around since humans gathered together, I suspect, and this idea has achieved dangerous heights of influence on humanity today. Another example is the idea of Manifest Destiny. Circumstances and ideas are intertwined.

@barbarasmith6005 3 года назад

Karl Marx was right

@Nerdiness1985 3 года назад

@@jasmineluxemburg6200 Guess you never paid much attention to what Richard has to say about those kind of repeated fallacious arguments. Blaming it on China is as ignorant and stupid as it has always been for a society to shift the burden of failure away from it's own internal problems. This is the second collapse of capitalism in 12 years now, the fuck more evidence do you need that this system is and has always been a joke?

@rippingtons60 3 года назад

I learn more about history and economics from Richard Wolff's programs than I EVER did in school.

@jgalt308 3 года назад

Then why are you as "ignorant" regarding it, as you used to be?

@yu-jd5jg 3 года назад

In school Text-Book Economics or Theoretical Economics. Prof Wolff lectures are on Present-Day Pratical Economics

@bluecamus5162 3 года назад

Of course I recommend the Professor here, but I would like to also recommend Yanis Varoufakis. He too has taught me a lot, as has Nomi Prins.

@jeffsingleton88 3 года назад

@@yu-jd5jg except he doesn't. Its hilarious

@thelonegerman2314 2 года назад

The Decline of Capitalism Means, You Can't Aquire more Land more of other people's Property for Exchanging with B S. (US and Europe Colonial Era Strategy) It also Means people are tired 😴. Of Sacrificing their Health, Killing' their neighbors , Compromising their Morals , Selling their Souls for Money and Servitude, So the End of Capitalism Also means the End of US and UK European Imperialism

@xelakram 3 года назад

This is a great and informative video. Prof. Wolff has the remarkable ability to make complex economic and political developments, both current and historical, one coherent, understandable whole. He gives it all perspective and coherence. Having spent most of my adult life in the field of adult education and having originally majored in economics, I can state unequivocally that this ability is the mark of an extremely gifted teacher/lecturer/professor. It is a gift, a talent which so many scholars lack. Prof. Wolff's ability to make complex subjects both easy to understand and interesting is a strength indeed. Thank you, Prof. Wolff!

@brekinla 3 года назад

He brushed over China being a manufacturing power. He forgot to mention all the people who died and lived in poverty during the cultural revolution.

@xelakram 3 года назад

@@brekinla Yes, I agree with your assessment. But look at how many Americans and other Westerners are living in poverty today! I would certainly not wish to jump to the defence of China, but I don't think that China has had a monopoly on poverty over the years. We in the West have generated our fair share of poor people.

@tonywilson4713 3 года назад

Well you can go to college and pay to listen to this or you can be here and get it for free. I like Prof. Wolff because at the very least he gives a rational alternative perspective. Where l'd disagree is that Marxism is the answer, because the countries that went down that path had their own catastrophes and that included economic catastrophes, environmental catastrophes and social catastrophes. I think he might agree as he has pointed out in other talks how Russia, China and other failed that the solution isn't a puritanical 100% Marxist state anymore than it is a puritanical 100% Capitalist state, but that the solution lies somewhere in between. Many point to the Nordic models where they have incredibly strong socialist systems wrapped around democratic and capitalist systems. The Norwegians instead of wasting their oil & gas wealth as others have did an almost communist thing by pooling the income into a sovereign wealth fund that they then used capitalist methodologies to enhance.

@xelakram 3 года назад

@@tonywilson4713 Your ideas and mine seem to be pretty similar. I have no time for communism or real socialism either. For me, the answer lies in a mixed economy. It has been proven that capitalism is the system which delivers prosperity. But it needs to be tamed. Ray capitalism, American-style, is clearly NOT the answer. The secret, in my opinion, is to harvest the fruits of capitalism in such a way that everyone benefits from it. That means healthcare for all as a right, great infrastructure, great free education, etc. It can be done once we get the ideologues out of our way. Capitalism comes in many guises. The American model is but one of them: the worst kind of capitalism! It doesn't have to be like that.

@brekinla 3 года назад

@@xelakram What if we thought not in terms of capitalism vs socialism but in terms of freedom vs tyranny? The problem I have with healthcare as a right, free education, etc is force has to be use to obtain the funding. I believe it is wrong to use force against another.

@ninaschust3694 3 года назад

Comment for the Algorithm. Plus: “When stupidity is considered patriotism, it is unsafe to be intelligent.” -- Isaac Asimov

@Cameronmid1 3 года назад

FOR THE ALGORITHM!!

@thomas0086 3 года назад

Absolutely. Ignorance and the glorification of antiquated, flawed documents conflated with freedom.

@ninaschust3694 3 года назад

@Gerry MayBe Liberty of those with money - the whole film was about that. Maybe add instead of replace

@Knifymoloko 3 года назад

Log

@bethanybrowniscool 3 года назад

Omg this is just perfect for how americans are now.

@sanramondublin 3 года назад

THE BEST OF PROFESSOR"S lecture, short , concise. as always.

@LightWeaver 3 года назад

This was one of the best economic updates we have had this year. So much information and it's so easily digestible. Thank you, professor Wolff and crew!

@deborahmcwilliams9928 3 года назад

Thank You Prof. Richard Wolff , you make it so easy to understand!

@scottleon2311 3 года назад

I feel like I get smarter everytime I hear Richard Wolff talk :)

@brekinla 3 года назад

There is something to learn from Mr Wolff, but he leaves a lot out, a lot. You will learn a lot from Peter Schiff on economics.

@jeffarnold3800 3 года назад

It means that politics gets very nasty and polarized between nationalism and socialism. We are seeing it everywhere, not just in the US

@mikemurray2027 3 года назад

That's often the external form, but the real conflict is between working and ruling classes.

@indricotherium4802 3 года назад

It has to be said that the progressives contribute to that polarisation when they treat centrists with as much political scorn as they do the right. There needs to be a clearer realisation that the real enemy is the extreme and aggressive zeal of populist, nationalist ideology on the hard right.

@mikemurray2027 3 года назад

@@indricotherium4802 'Progressives' do not fight fascism and they resist and oppose taking action against the current class structures. So, inevitably, when capitalism is in crisis and the ruling class turns to fascism, the liberals are as much use as a chocolate teapot, attacking the left as much as the right, if not more. That's certainly what has happened in the UK over the last five years, with liberals and 'progressives' actually campaigning alongside the far-right on the trumped-up 'anti-semitism' nonsense. And they knew it was all untrue, but that did not stop them. They are very bad at politics. I think there are many reasons for that, including the failure to accept that class is the significant structural classifier of society, the false idea that capitalism and current class society is somehow 'moderate', the 'middle ground', etc. In reality, it is extreme, corrupt, brutal and increasingly authoritarian.

@indricotherium4802 3 года назад

@@mikemurray2027 : I agree 100% that the left and the centre (I'm assuming this is what you broadly mean by 'liberals') haven't learned to use democratic, non-violent means of resistance convincingly, forcefully, strategically or cleverly enough. The right has learned how to keep on the front foot and, with the help of big tech in which they are streets ahead, are entrenching making it harder and harder for the 'liberals' in the US and the UK to get back on terms. The Libs seem to behave also as if nothing is urgent: they have all the time in the world and a jolly good moan will put it right. The second largest existential threat to the world behind the Republican Party is Democrat strategists.

@jeffarnold3800 3 года назад

@@mikemurray2027 that’s why it becomes so nasty. As the ruling class increasingly captures politics, the political fight becomes further and further divorced from the primary class struggle. So we arrive at a situation whereby working class people are supporting the ruling class through Party A or Party B, while deluding themselves into think that their party represents them and the other party is entirely responsible for the societal decline. When in reality it is the privatization of politics that is primarily responsible for the decline (by decline, I mean the steady erosion of controls on capitalism’s natural tendency to rapidly and strongly concentrate wealth). So it is a cannibalization of sorts among the working class, and a brilliant divide and conquer strategy concocted by the ruling class. That is something of an oversimplification, as of course you must also consider the middle classes and their tendency to side with the ruling class over the working class in many instances

@akken2112 3 года назад

I like how he breaks things down so that a layperson can understand. It's unfortunate that most North Americans would rather be entertained instead of being educated.

@tompain2751 3 года назад

He does have a simplistic, if incorrect view.

@akken2112 3 года назад

@@tompain2751 What exactly is "incorrect" about his analysis?

@GarrettMerkin 3 года назад

Why do you use "North Americans?" Do a lot of Mexican people watch an English language podcast on capitalism? Or Guatemalans?

@akken2112 3 года назад

@@GarrettMerkin I say North Americans because on a trip to Central America, I was kindly reminded that Central Americans and South Americans are Americans also. Citizens of the USA don't have a monopoly on being American.

@tompain2751 3 года назад

@@akken2112 The whole premise that Capitalism is exploitative. There is also the fallacy of equality.

@jaredgreathouse3672 3 года назад

"Winning" is meaningless. These are criminal wars of terrorism, the wars aren't meant to be "won" in the traditional sense

@tanyaa8604 3 года назад

Said the victim of imperialism propaganda....

@jaredgreathouse3672 3 года назад

@@tanyaa8604 Explain?

@tanyaa8604 3 года назад

@@jaredgreathouse3672we're in the last stage of Capitalism, Imperialism. We go around the world grabbing resources of others, among other things characterizing this period, we sell war and create terrorism not fight it. We barge into other nations to dictate their lives. The goal is to make more profit and so I agree with you we aren't there to win the wars but it's a longer explanation than what professor had time for..

@jaredgreathouse3672 3 года назад

@@tanyaa8604 Yeah exactly. There's pretty much no war that I can think of where "winning" in some romantic sense was a goal, sans certain wars of independence

@tanyaa8604 3 года назад

@@jaredgreathouse3672 well, i thought the professor slided along the fact that Germans attacked Russia because Russia was socialist and the soviet union did fight a war of invasion to their land in all true ways to win.. And won. Similar thing happened in Vietnam, they won. But here, yes, nobody is invading us to win a thing, we only go places to do that to others.

@leggyReid4c 3 года назад

After watching this i'm feeling stressed. I think more people need to watch it. Its a hard pill to swallow.

@solidarityced9210 3 года назад

Dr.Wolff on fire once again. thank you for all ur work

@anushavantorosyan2820 3 года назад

Sple ndid

@gardnjw 3 года назад

Wasn't the "Golden Age" of Capitalism during the years when the government actually took a more active role in the process?

@undeadblizzard 3 года назад

Government attracts people who desire power. There is no money in Government so the Government trades political power for economic power.

@johnroberts8233 3 года назад

For about 25-30 years from 1945 up until around 1979 when Ronald Reagan and his neoliberals got into the White House. The United States coming off the gold standard was the watershed moment that symbolised the beginning of the end for American hegemony. Up until China opened up in the 1980's and began competing directly with it a decade later, the USA had almost uncontested dominance outside the Soviet block.

@gardnjw 3 года назад

@Larpy McLarperstein It wasn't perfect (nothing is) but it was better than what we have now...

@gardnjw 3 года назад

@Larpy McLarperstein If you adjust for inflation this isn't true... The 2009 Recovery Act (under Obama) although it spent more in actual dollars -- on a per capita basis in 2009-adjusted dollars, the Recovery Act cost $2,738, while the New Deal programs cost $5,231. Under Trump your point is correct -- the CARES act was more than double what was spent under FDR... This was reported by Fox news so it's no doubt the fault of the Democrats ... Most Republicans were probably thinking let 'em eat cake...A pretty good case can be made that the workers benefited more under FDR's policies than under DJT's..

@gardnjw 3 года назад

@Larpy McLarperstein My original point was about the so-called Golden Age of capitalism and not the size of the government. I'm talking about what took place after the Bretton Woods conference when the Keynesian economic policies were in place... they worked fairly well until the mid 70s when "stagflation" set in... The reduction in government size were only with the policies that favored the working class and only the business class benefited from them.. The Keynesian policies enabled Wall Street speculators to undermine the health of the economy because they were so predictable... Who's denying reality? Real wages have not increased much at all (if at all) -- the wealthy pay less taxes in proportion to their wealth and income inequality has reached obscene magnitudes...

@Guitarpima 3 года назад

It should be noted that Hitler could never have accomplished what he did without the assistance of American corporations. In fact, the United States did not enter the European theater until the Soviet union started pushing Germany back. If that is not bad enough, the United States taxpayers had to pay for the United States military blowing up factories in Germany. It does not matter whether we win or lose, corporations always win.

@tcmzueck 3 года назад

@Larpy McLarperstein Not sure if you're referring to the video and Richard's words, if so that would be a misunderstanding. I did not hear him dismiss them as bad people, in fact it was quite the opposite. The moral of the story was to understand and empathize, and realize that we're just as human as they are.

@Guitarpima 3 года назад

“History may not repeat itself but, it sure rhymes a lot“. - Mark twain

@jameskelman9856 3 года назад

And the Banks

@Guitarpima 3 года назад

@Larpy McLarperstein read your post and look in the mirror. You cannot insult your way to winning an argument.

@Guitarpima 3 года назад

I guess facts are ideology now. We will have to see what Mr. harassment has to say on the subject.

@scottiejohnson2639 3 года назад

Love this guy’s wealth of knowledge!

@mehdi1330 3 года назад

I love professor Wolf 💜

@BeeGeeTee 3 года назад

Same!!

@guodonglin5711 3 года назад

same, 俺也一样

@Mnetti00 3 года назад

Inflation reached such an incredible rate in Weimar Germany that the government started printing their currency only on one side of the paper.

@bondjames5874 3 года назад

yeah germany was saddled with all those war debts which brought on the rise of Hitler.

@PASBGR 3 года назад

Oh you meant WW1-2. I thought you meant now. You really need to be specific.

@Mnetti00 3 года назад

@@PASBGR Today (now), Germany doesn’t have it’s own currency and it isn’t called the Weimar Republic anymore.

@baraka99 3 года назад

The volume of the video is too low.

@jamespurcer3730 3 года назад

That is because many times, the people involved in the virtual discussions haven't set up the OS gain on their microphone driver in their system settings. It's also important to use quality equipment.

@downunda107 3 года назад

@@jamespurcer3730 or. ...Bruno's forgotten to to turn up the sound. )). It's as clear as aBellbirds call here in australia.

@gerarddalbon 3 года назад

professor Wolff you should seriously consider doing a Netflix series, it would give you a large mainstream audience and it would be well received with how well you explain all these things

@GUILLOTINE_GANG 3 года назад

I have come to really enjoy the intro instrumental. This video popped up automatically while I was doing the dishes, and I had to smile because I knew that intro is now synonymous with Prof. Wolff.

@jonswift6173 3 года назад

Can we get the proff on Joe Rogan , as he's spent the last few shows with outright capitalists denouncing Marx, socialism etc

@KK-xi7vh 3 года назад

Thanks for another amazing lecture Prof. Wolff. You deserve so many more subs. It's a shame some nonsense channels got millions of subs and you only got 200k. smh

@richardwong2950 3 года назад

A small country such as Singapore, which has no natural resources, succeeds in making it into a technology and services led country. This means that most of its people are well educated and competent in what they do. Similarly, a landlocked country such as Switzerland continues to prosper and enjoys high living standard. For large countries with huge population you really need to fire on all cylinders in order to provide employment for majority of the workers. This means large scale manufacturing, agriculture, natural resources, technology and services. A decline in any one of those sectors will have significant adverse consequences as there are not enough jobs elsewhere. Those in charge of government don't govern properly and plan long-term, leaving it all to the businessmen, who will see only higher profit by using cheaper labour in other overseas countries. I have seen this phenomenon in Britain over the last 50 years where many jobs have moved abroad, including service sector jobs. Now politicians in many countries have found this common problem. They have woken up and try to deflect the problem by blaming on China. The fact of the matter is, if it is not China, it would be someone else, for example, India, Vietnam etc etc where there is plentiful of cheap labour. Capitalism only sees the $ sign. But Western politicians will defend till their death the Western way of democracy, human rights and freedom, so capitalism in their eyes is the most successful system that champions all those values. They are conflicting themselves when asserting that statement.

@DonaldAJr 3 года назад

You have an idea how much I love these history lessons. I hated history in school because I just hated school in general. But everything you said goes along with how I believe things really are.

@RichardCarlson-zm5bl 3 года назад

Excellent video, Prof. Wolffe is on spot with his topic as usual. . . . informative and educational. . . . explains a lot of things wrong with our 'present' capitalist system and the corruption of our political system. Keep up your good work.

@CatastrophicNewEngland 3 года назад

When not growing is the same as declining, you know something is wrong in how the system works.

@zedarodas 3 года назад

I just love this man!! The way he talks and his message are honey to my ears...

@kelaniadams6817 3 года назад

This man is a true educator

@phyllisvalentine7411 3 года назад

I love Professor Wolff too. 💚

@peterjol 3 года назад

Our salvation would come from making it financially worthwhile for people to start SHARING the jobs we NEED people to do and working much LESS...no longer working and doing anything FOR money but SHARING and getting paid for doing only the work we NEED to have done. Our primary reason for working and doing anything should not be FOR money but because it's work we NEED to have done.

@bibekghatak5860 3 года назад

Brilliant analysis .Thanks .

@roxannamarinak3156 3 года назад

Thank you for educating us. It is wonderful to see it in a broader view.

@notsoancientpelican 3 года назад

Capitalist Valhalla is production without Labor...they’re getting close

@dddunlap86 3 года назад

Thank you for this 👍🏾✊🏾

@ViraL_FootprinT.ex.e 3 года назад

This is all information and education that people would pay for. Thank you Prof. Wolff.

@eduardosampoia5480 3 года назад

No thanks...it's common sense...those who run the world know what they're doing. This is all by design

@rishsab1316 3 года назад

Sir, you are the one with consciousness

@ninabjork410 3 года назад

Capitalism then turn Oligarchy! Only a few now so rich!

@danunderwood6240 3 года назад

Absolute correct Mr. Wolff. Amerika needs to wake up and realize that going to the right and center is not a solution. It is just going to make things worse. Why you’re still one of my favorite economists.

@clarenceedwards2866 3 года назад

My only fear is that Prof Wolff is preaching to the converted, because the ones who should be paying attention are obsessed with their own ignorance and would dismiss this message.

@danunderwood6240 3 года назад

@@clarenceedwards2866 that’s a very good point. And we can show these people all the info we want but doesn’t mean it will stick. Like leading a horse to water that isn’t thirsty.

@mhh0111 3 года назад

Great video, so much more informative and honest than what I remember being taught in school. Thank you so much Prof Wolff

@arnej2174 3 года назад

Dr Wolff Thank you for all you do.Today was another history lesson that put a few more pieces in place to completing the puzzle

@Horsthunder 3 года назад

Keep up the good work

@JamieDigitalArt 3 года назад

workers of the world unite

@frankshulse8022 3 года назад

I remember the day JFK was killed. I was in High School, English class. The Principal came in, interrupted the class to tell us the president had been shot. No one knew what to say. My teacher Sally Bailey said one short sentence; "Our country has become decadent". She was right.

@cosmoshuawei4659 3 года назад

Would it be possible to increase the audio gain on future videos? I don't have headphones connected and it's a bit soft.

@alejandramguerrero5885 3 года назад

I wish ALL teachers were like Professor Wolff . He’s the best .

@Gigika313 3 года назад

👍🏼

@AndreasDelleske 3 года назад

Very good, thanks. Germany here: We are having similar problems here but I'm happy that at least in most parts of Europe we've conserved a decent social system. All the best! Education is the key but there is not enough time to tackle the climate desaster if we just continue.

@summertimesummernight Год назад

Prof Wolff in my opinion you are just brilliant and honest, you say it like it is, very enlightening listening to you.

@wesleyreiber5643 3 года назад

Always Amazing! You rock prof

@lutherdean6922 3 года назад

thanks for covering this

@traumatizedwick1760 3 года назад

very good.

@des7638 3 года назад

Absolutely amazing. Thank u

@eylon1967 3 года назад

if you are interested in this kind of analysis (called world-systems analysis) look up the works of immanuel wallerstein

@lukegromacki9863 3 года назад

eylon1967 thanks!

@josedavidgarcesceballos7 3 года назад

Another growing economy destroyed by capitalist centers: Paraguay

@morningtrees2090 3 года назад

Thank you for sharing the bad news. I will do research. Always good to know.

@LuuSang 3 года назад

Wow! Thanks Professor Wolff. A great insight!

@florencelin1401 3 года назад

Mr. Wolff always knows how to put things into perspective !

@tjpaiva3296 3 года назад

And now we have the prison industrial complex

@robertcarr1231 3 года назад

And the healthcare industrial complex

@vocaloidsrock6987 3 года назад

and the military industrial complex.

@pnned.investfutures.1316 3 года назад

Despite the economic crisis now is still the best time to start up an investment

@biaheza2521 3 года назад

Yeah investing now should be at the top list of every wise one in few months to come you'll be happy with the decision you made today

@pinn820 3 года назад

Invest Forex and Crypto 💯 ✔️

@alexsong1170 3 года назад

They're really profitable right now

@jamietree6446 3 года назад

People fail to understand that crypto currency trading has become a lucrative and profitable way of making money

@davincij-qo9qf 3 года назад

Crypto is the future ✔️

@donnapoolejackofalltrades7827 3 года назад

I wish when I was a kid my family could talk more about it ,and show me ways to build financial stability.

@xavierdeligne3697 3 года назад

THANK YOU

@SocialismForAll 3 года назад

Co-ops are nice, but eventually all socialist-minded people must directly confront capitalists and their institutions in struggle. We can't just out-compete them. #DemExit for #Revolution2030

@SocialismForAll 3 года назад

@J If they ever became a serious threat to global capitalism, there would be a literal war. That's how capitalists roll.

@SocialismForAll 3 года назад

@TheDrewSaga LMAO that kind of timidity is just pathetic.

@andrewcartwright950 3 года назад

Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time

@sarajoana895 3 года назад

I'm a huge fan of Crypto. I hold a few coins in my blockchain wallet

@milasavannah1904 3 года назад

Been investing in the crypto world for 2yrs now I can say its really profitable

@dustybccryptonews3714 3 года назад

yh no doubt the crypto market has earned me alot you just gotta understand the market

@clarabeatriz9451 3 года назад

Yh investing in crypto is a big chance to make money nowadays

@austinteresa6811 3 года назад

@Madison Samuel Yeah right but that's if you have a very good broker. If not you'll loose money instead

@louisleon4419 3 года назад

Very insightful wolff, thank you for this update

@jamesfox2857 3 года назад

Thank You

@tradingfraternity4570 3 года назад

Despite the economic crisis now is the best time to invest on crypto currency

@cooperaaron8243 3 года назад

I'm not here to converse but to share my testimony just for what I confirmed he's trustworthy and best option ever seen.. Thanks Mr Wayne 🇬🇧🇺🇦

@jenniferluisa3154 3 года назад

Expert Waynes has made success in trading easier than i thought. His trading strategies are really awesome

@user-ym6is6ty2l 3 года назад

I,m originall from Ukrain 🇺🇦 🇺🇸 I and two other of my ukrain and American friends gave him a try, he's really the best.

@whatsappme1225 3 года назад

Who else observed that his trading last week was massively boom. 💥💥

@user-up5pb9ft1b 3 года назад

I need someone like this man, i need his info to talk to him, i need to win too

@richardowens9061 3 года назад

Unregulated capitalism represents the inexorable flow of wealth from the poor and middle classes to the rich and powerful. And, when the poor and middle classes can no longer afford to buy what the rich and powerful have to sell, it collapses under its own weight, creating the boom/bust cycles we see in our economy. Therefore, what is needed is a feedback loop that redistributes wealth from the rich and powerful who control the system back to the poor and middle classes who fuel the system. Failure to provide such a feedback loop of wealth WILL cause the ultimate failure of the system.

@Inpreesme 3 года назад

Thank you

@canyildiz5966 3 года назад

I love how the professor really nicely discusses marxist ideas of dialectics and alienation without using those trigger terms that people dont understand, by keeping the language comprehensible for people who have not read about these things much. We all have a basic understanding of these impirtant ideas, they just need to be teased out

@micheleklemetson3591 3 года назад

Prof. Wolff, If I may ask , how can the average person survive this decline it looks like it is getting dangeeous, should we leave the country before it gets to bad?

@nobodyspecial2053 3 года назад

If you're looking to leave the country, I'd suggest leaving the continent, because if the USA goes down we're taking both Mexico and Canada down with us in the best case scenario. Worst case scenario is that you might need to find yourself in deserted island in the middle of the ocean or hunker down in some Cabin in the Woods cuz we're bringing down the rest of the world with us.

@jeffhuang2649 3 года назад

Armed rebellion

@MaccDaKnife 3 года назад

Richard is a national treasure.

@terrygibson7143 3 года назад

This is a fantastic analysis.

@dinnerwithfranklin2451 3 года назад

Thank you very much Professor

@mitsuki2272 3 года назад

Daddy wolff with that sick ass intro

@bobthebuilder2778 3 года назад

There is no War in Afghantisan there is no War in Iraq and there never have been , there have been invasions assaults and colonization of those nations by a nation built on warring attacks identical to the atrocities of the European empires..The US is the pitbull for those empires to keep the abuses of power continuing ,assuming the the same postures patterns and agendas..Telling Americans that we are doing all this to protect the nation and spread democracy is laughable and should be apparent to anyone that has any capacity to think for themselves..The language may be slighty different but the actions and results are exactly the same...

@jameskelman9856 3 года назад

You are wise and well spoken , I learn something everytime I here your work . Thanks more your insights and experience !

@christophercotton7149 3 года назад

Wow! Insightful analysis, especially the economic roots of the dis-investment in education.

@karianehettinger9938 3 года назад

I have been studying the Bitcoin market for quite some time now and from my conclusions, Bitcoin is a very profitable investment to go into provided you have a good knowledge of the Bitcoin market, but as a beginner I need assistance in making money on Bitcoin, can anyone direct me?

@dermacuswilderman2996 3 года назад

Investing on Bitcoins is a very profitable source of income provided you have a good knowledge of the Bitcoin market and also how it works. But as a beginner I'll advise you to speak to Robert Denis because he's a Cryptocurrency analyst and he has also been of help to me in making money on Bitcoin Investments.

@kyleanderson6384 3 года назад

My trading experience with Robert Denis on Bitcoin Investments has been very profitable, I earn $12,800 on Bitcoins at the close of my last trading session with him. And his strategies are 100% accurate

@evahirthe5432 3 года назад

Robert Denis has been of help to me in making money on Bitcoin Investments for the past three months now, and my financial situation has really changed for good. And now I can independently pay my bills with the profit I earn investing on Bitcoins with him

@karianehettinger9938 3 года назад

@@evahirthe5432 How do I speak with Robert Denis concerning Bitcoin Investments?

@georgianaerdman3122 3 года назад

I began Investing on Bitcoins with Robert's assistance as a beginner with $3000, and at the end of my first trading session with him I made a profit of $19,000 on Bitcoins. Am happy he accepted to help me make money on Bitcoins.

@raven113p6 3 года назад

However, tRump’s failure to alert the citizens of this country set the tone for the response....The pivot to denial of Covid-19’s destruction of families, friends, economy and hope. It would be nice if tRump and his family left this country.

@Liesl_Cigarboxguitar 3 года назад

I'm British and this guy really knows his stuff. The same thing is happening here in the UK I'd love to hear his views on British economy

@ruiclaudino4084 3 года назад

UK and US economic history have similar paterns

@Sanorace 3 года назад

4:26 This is the one most hopeful thing I have heard all week. The idea that capitalism can die just like all the others keeps me going.

@NinjaPandallnight 3 года назад

Great video

@elviajove8289 3 года назад

Excellent assessment and review

@RZA36 3 года назад

Good lecture.

@ptknudson80 3 года назад

Great show

@vocaloidsrock6987 3 года назад

whoa, Richard Wolfe is a brillant man, keep up the good work.!

@redpaulxx 3 года назад

Great talk, but it wasn't the USA&UK armies that won WW2. It was the Red Army of the USSR.

@jeffnewman8261 3 года назад

It's difficult to learn from history when it has been institutionally distorted. Thank you Prof. Wolff for showing us an honest look at the past so we can learn from it and apply what we've learned to the present and the future.

@coolnvigilantoutreach9418 3 года назад

Thank you for making this point.

@ronaldmcdonald2456 3 года назад

RH hits on the nose: "Pity that most Americans have no idea about it." And HOW MANY TIMES do we have to repeat the words (and paraphrases) of philosopher George Santayana that if we don't heed the lessons of history we repeat, in a seemingly endless loop, the same dreadful mistakes? Certainly, the reasons are many, but one that I think is important is our failure to effectively pass the message to our young ones. I was born in 1951 in Alabama. As a black kid I came to know what it means to be terrorized. Everyone knows the story, we fought back, and we had some victories---thanks largely to those Americans from every walk of life who stood with us. BUT, no matter how much I talk to the younger people about all the tears and blood the majority SOMEHOW can't fully relate to that pain. In 2014 I left the states and came here to central Germany to help my partner care for her elderly parents. Most of the young ones I encounter here are also tired of hearing about the past, just as the extreme right ONCE AGAIN is on the rise in Germany. And typically, LOTS of angry people blaming the wrong people.