Shifting from Economic Neoliberalism to Economic Nationalism - Global Capitalism with Richard Wolff 

He definitely know to how explain using lay person language. Unlike Chris Hedges, Max Blumenthal, etc.

Excellent!!!! 💯

NO, THE US AND GB OLIGARCHIC ELITES ARE CONFUSED BY THE FACT THAT NEO-LIBERALISM IS FAILING AND CHINESE SOCIALISM IS RISING. SO, THEY PUSHED TRUMP AND BIDEN TO START THE TRADE-WAR AND PROTECTIONISM OF AI WITH CHINA. BUT THE SOCIAL PROBLEMS OF THE US, LIKE CRIME/ DRUGS/ POVERTY/ INEQUALITY/ INDIVIDUALISM/ OUTDATE RELIGION/ UGLY INFRASTRUCTURE/ BAD PUBLIC TRANSPORT ETC. ARE NOT SOLVED AND FURTHER WILL ACCUMULATE. THEN WILL COME A REVOLUTION IN WHICH THE OUTDATED PATRIARCHAL AND FINANCIAL ELITES AND THE US MILITARY ARE DESTROYED. VICTORY TO SOCIO-CAPITALISM. (THE WORKERS, ENTREPENEURS, STATE OFFICIALS UNITED)

Sounds like fascism. I agree that the U.S. is quite fascist and much of the rest of G20 nations to a more or lesser extent.

@@ProleDaddy ONE HAS TO DIFFERENTIATE BETWEEN THE POLITICAL IDEOLOGY OF FASCISM FROM THE INTERBELLUM, AND FASCISM AS THE TERM USED FOR OLIGARCHIC ELITES, SUPPRESSING SOCIALISM OUT OF CONSERVATISM IN THE 60/70S. ONE HAS ALSO TO DIFFERENTIATE BETWEEN NAZI IDEOLOGY, BASED ON PROTECTING PEOPLE AND CULTURE AGAINST MATERIALISM BY ALL MEANS, AND NAZI-PRACTICES, REFERRING TO CRUEL AND REPRESSIVE ACTS AGAINST ALIENS AND COMMUNIST. HISTORY IS DIALECTIC, AND IT IS STUPID TO DEFINE NAZISM AS EVIL. ALL SUFFERING BY PEOPLE IN HISTORY IS CAUSED BY THEIR OWN BEHAVIOUR AND KARMA. IF YOU LIVE BY THE SWORD YOU WILL DIE BY THE SWORD. IF YOU LIVE FOR ANARCHO COMMUNISM YOU WILL DIE BY RIGHT WING FORCES.

In another words US govt n oligatds priced itself out of US middle n lower income US citizens to earn profits .

Thr US Empire never walked back it's moral values. It never had them to begin with

@@comradetrashpanda8777 fuck the left.

Exactly correct 💯

Let face it, President Donald trump's was the first to declare a trade war with China before and after he took office. Declare that most of the third world country are ship hose and Mexico and Canada were taking advantage of the trade deal. Thus we all suspect that COVID was introduced by China to topple president Donald trump's. Let face it, the world and our civilization have chosen war, rather than peaceful coexisting. God have mercy 🙏

@@beastmode8203 The left is now a part of the right.

Now it will only be like this. Each generation will live worse than the previous one. After all, you don't know anything better than capitalism). Now eat with a full spoon.

Since the Gilded Age actually

Since the beginning of the creation of this country, I don't know, I could be wrong. Any arguments of debate? Lol Read American and world histories, philosophy, religious divisions, science, and books starting centuries ago. 📚

East India Company was corporatism.

@@LongDefiant A reminder, corporatism is just capitalism.

@@sentientnatalie yes, that's why I mentioned the organization that's considered to signify the birth of capitalism.

In exchange for the visibly amicable labor relationship that you experience in China, the American corporations MOVED all their factory work from the US. What I mean by this is that the jobs disappeared from our country and were reallocated to yours. Not part of this new arrangement is that the working class was not subsequently compensated with new, better, and more available opportunities for work. It was the opposite. Now there is only “service industry” work that doesn’t necessarily adhere to even a minimum wage when they may instead take tips (which they may not get much of), isn’t always available because all age ranges from 16 and up compete (employers would sooner hire the youngest because they’ll have the most energy and rebel the least), and, lacking unionization in a grand majority of cases, won’t even be better jobs. The working class of the US was ignored in this economic shift. Americans do not receive an education that helps them find better work without paying lots of money or taking on considerable debt to attend a university for a professional degree. They also have been programmed through historical education and media, especially neoliberal news, to see unions as against their interests, to see any socialistic elements as evil, and to focus instead of accepting and advocating for this capitalist arrangement fueling their adversity as a reflection of “good” individual and national character. Econonic nationalists among working people don’t blame the companies for replacing the jobs in our country to yours, but instead blame China for “taking” them according to media rhetoric that they absorbed unquestioningly. They cannot see the blame the companies have in the affair, nor the blame of the profit-making imperative of capitalism itself in motivating this shift. They blame you because life is getting worse in quality and less secure compared to what it once was. On the politicians’ sides, “economic nationalists” first played off of the anxieties of the working people by performing that blame towards China, even though they and their prime benefactors, the American corporations, do indeed economically benefit from interacting with you. The politicial manipulators of our country are still acting upon the capitalist interests of profit making by buffering these anti-nationalistic decisions to take work away from the people that they need to live prosperous lives to give it to China for massive profit with rhetoric that placates American confusion and fears by presenting an enemy to consolidate a form of “national solidarity” as a workforce (but it’s ultimately an ignorant one). This contradiction of rhetoric enables capitalism to tighten its grip on the way the American people think about economic relations and politics. They made you a scapegoat for capitalism’s problems; conveniently, your political brand as communists implicitly helps this since the country has already completely convinced a good number of the people that the ideology itself is evil incarnate: totalitarian (in a way capitalism supposedly is not), dictatorial (a feature of fascism that conveniently becomes reflected when a prominent leader in communism exists for a country’s leadership, not to mention staying in their position for life), militarized (as if communism should lay on its belly and welcome capitalist military assault), and full of brainwashing (the deliberate, programmatic steps you took to cultivate the national culture of communism looks like you militarily command people to play along and obey, whereas capitalism looks less heavy-handed in its approach to social programming because the ruling class has the control it needs already and is sneakier about it). They say: “China has become too strong in the market.” “China has evaporated the American labor market.” “China cannot be allowed to make digital technologies as good as ours or else they will gain advantages if a war breaks out.” “China’s leader is a megalomaniacal dictator who wants to rule for life like he’s an emperor. That’s what they have in store for the world if they have their way.” They deflect from the kinds of talk that explicitly centers the conversation on what America wants and focuses instead on our conflict with China. Our economic desires are left for us to fill in the blanks, for as undereducated as we are to do that. But people do at least know that they want accessible and good work, and the narrative that China took those manufacturing jobs is enough to start being nationalistic about it.

Free Markets and Capitalism are mutually exclusive. Capitalists abhor free markets because they want CONTROL of markets. JD Rockafeller, godfather of capitalism said "Competition is sin" for a reason. He wanted to control the markets and therefore the economy. The world hasnt had truly free markets since humans were on the barter system.

The _Free Market_ died when global corporatocracy captured most industrialized nations governments. Sanctions, tariffs and trade pacts are the antithesis of *_FREE_*

Nope, not at all.

@@jazondelta4976 please make your case why not?

TAX THE RICH!!

He said the growth within the last 40 years, which is correct.

@@kevinschmidt2210 The USSR has not existed for more than 30 years. Comparison in the last 40 years is bullshit.

And less than 20 years later it was gone. USSR burned thru its economic might like a shooting star. Of course the US had more fuel, but now that party is over, too. You got to love Reaganomics! Said in a sarcastic tone. I think prof Wolff missed the most important aspect of neo-liberalism. The homeless problem that has resulted in every country that has openly embraced neo-liberalism also known as neo-conservatism/Reaganomics.

@@donklee3514 The USSR didn't burn down. He was betrayed by the drunkard Yeltsin and Gorbachev. He was betrayed by the greed of the elite, who needed to legalize their stolen money. And the US has spent billions to do this. But in this world, everything comes back like a boomerang.

@@ildarShafigullin66 Wrong! Comparisons in the last 40 years are more legitimate than comparisons of the previous 40 years. Or do you prefer to be stuck in the Cold War era?

There is no smell that detects socialism as the problem. However, fascism stinks to high heaven.

@@kevinschmidt2210 there is no smell of rest here. it does not mean a smell,lack of what is expected ..😁

Demographics are definitely not on their side. Rapidly shrinking working class left to support rapidly growing elderly

China is investing in its infrastructure in a purely socialist way. It has expanded its high speed rail system at an astounding amount. Its roads, and urban development also. This could not happen and _has not_ happened in any capitalist country. The state owns all the infrastructure without which the "private sector" cannot function.

China is screwed.

@@beastmode8203 The US is FU*KED

@@milesobrien2694 then so is the world ☢️

Your comment is off topic. Do you not understand what it is we are discussing?

@@kevinschmidt2210 Read my comment above. If you don't understand, read it as many times as it takes to understand.🙂

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This is the kind of information that We don't get from most RU-vidrs will get in Touch with her right now.

Of course he does.... it's a deft way of calling patriots and "America first" types racists..... (opposing Trump obviously..). It makes clear that he is as anti-American as you are Blakely. (Mr Not a Leftist..).who does nothing but argue against capitalism, makes all the same arguments leftists make, and defends the super leftist Wolff on almost everything and anything..(looks like a duck walks like one ) Of course you're not a leftist... you are such a super virtuous, moral genius, with such advanced ideas and understanding of the world you put normal commies in the dust, since you're big and can handle troubled teens, and have such overwhelming insight..who if empowered would surpass Diocletian in superior planning and guidance.. Thank Gawdd Almighty for the blessings you bestow on us Blakely... I admire you...

@@chuckleaf8027 Geebus, Chuck, have I gotten under your skin or something? You and I both know the USA is a racist organization. Built on slavery and genocide. What... you think it changed because of MLK? Look at Biden for a start. You telling me he isn't a racist? Or Hillary? Or Trump? They are all on record pushing their racist ideology. Oh the other hand, if you manage to amass billions of dollars the racists in charge of the USA will be happy to do business with you. There's skin color, and then there is business... I think we both know which comes first in the USA. In the USA greed always trumps all other considerations. It's why the USA and capitalism are falling apart.

@@chuckleaf8027 You are a patriot? Or are you talking about someone else?

@@blogintonblakley2708 There you go again, making a typical leftist argument...but of course you're neither leftist or liberal!!!! Pffft... The US was built on slavery? yeah right, Sherman on his March stole everything in sight and torched the rest which destroyed any actual gains from slavery.. and 90 percent of the Indians died from disease, not from pale face.. And how in the hell do you think America has gained economically from racism??? Blacks, well normally it-s just the men working and they're only 7 percent of the population, so even if they were discriminated against, how would that have any real effect on the success of capitalism? The real problem with capitalism, is government meddling and interference, picking and choosing winners, ie taking care of special interests... corporatism... but you want more government power, but somehow think that will eliminate greed, but the politicians are men too, and them being greedy is far worse..since they have the force of government behind them... so go burn your copy of Kapital and read something valuable and true....like "Anthem"...maybe it'll disabuse you of your terrible collectivist notions...

@@chuckleaf8027 I can see why people from the south would hate Sherman. He crushed the resistance. He did the same thing to the Plains Indians. That's how it came to happen that buffalo hunting became a thing. Sherman destroyed their food source. Of course none of that has anything to do with the USA being built on the fortunes created from King Cotton. Just because Sherman razed the most troublesome cities in the South, doesn't mean that all the fortunes built on slavery were destroyed. The Souths were... But the North was part of the slave economy as well. And all those northern ship builders and budding industrialists also build their fortunes on cotton and slavery. Racism isn't rational, Chuck, You don't gain from it. It's a kind of mental illness that makes people LESS effective. Same thing with greed. I've read Anthem and Ayn Rand's other books as well. Greedy, self interested and ruthless people appreciate them. I've read Marx/Engels as well. I just don't find the two sides all that different. I get that you do. {shrugs} It's funny how both sides seem to think they are fighting about something new. You aren't. You are fighting about the same thing people who use property are always arguing about. Who gets to own what. For like 12,000 years now. Like kids around a Monopoly game. It's sad what you all do to yourselves and your children. But it's all coming to an end now. The obvious results are on their way. It's not like you all weren't warned over and over again all down through history. And each time the civilization you all built, collapse as greed took over and consumed everything you built. This time looks to put paid to the whole shooting match.

TAX THE RICH !!

@@earlviney5212 Right on! Make the highly productive support the unproductive, cause they can't support thmselves!!

Here we go again, J Gault lol

Once again, the poorly programmed Ayn Rand AI bot flunks the Turing Test by posting reams of misinformation and illogical arguments, all of which are clearly off topic to the subject at hand. The spaghetti against the wall algorithm and using ChatGPT is not working.

Ayn Rand died on welfare

Gault, You are a Nazi and Fascists love elitism and authoritarianism. Capitalists are more likely to be Fascists than Socialists. You won't face facts. You keep on spewing garbage. The Professor is devoted to Russia and China because there once was Socialism there and he will defend those countries on principle. I, on the other hand do not want a Capitalist system or a State Socialist system. A mixed Socialist and Capitalist system still perpetuates all the ills of Capitalism. Ups and downs, wide class divisions and Oligarchy are the result wherever Capitalism exists. It runs right over the ordinary working person and it controls government with bags of money. I want a cooperative society with workers owning the means of production and keeping profit for workers. You don't want that. You, Gault want to be a big guy in a tiny little group of violent extremists. You are really just a little guy who needs to be ignored. But it's so much fun to ridicule you so keep on writing incomprehensible screeds and keep on trying to convince decent folks you have something important to say. We know better!

@@LongDefiant True! Her whole story is dripping with irony, which the poorly programmed John Galt AI Bot can never understand.

. . . are you okay? Im not tracking with why this relates to the video. And im probably not alone in cringing at the all caps.

Ah. A cringe Nazi. And from the all-caps? A boomer too. Bye.

@@anarchisttechsupport6644 There is no way to determine the age of anyone who uses all caps. However, we now have determined by your own words that you are a low intelligence, ageist bigot.

@@kevinschmidt2210 meh, boomer is a state of mind, not an age. But I respect that you read it that way, and will adjust my words in the future. But more importantly... Youre defending a Nazi. So. Thanks for letting me know to block you.

What? Balderdash! Nonsense! National Socialism means Nazi elitism and death camps. It was a union between Capitalism and the military and political elites. It was repressive of women, promited violence, racism, decadence and cruelty and deserves to be destroyed root and branch. Nazis are not Socialists. You are raking through garbage for pearls. Ugh!