ACLU SoCal, L.A. Progressive and Occidental College hosted Richard Wolff for a discussion on economic rights and reform, on February 10, 2015 at Occidental College.
I totally understand what this Man is saying.i live in Nairobi Kenya in Africa and every month the Kenyan government passes new laws just to favour big business and the very rich yet millions of ordinary Kenyans don't have clean water to drink.its like the government only exist to arrest and punish poor people.
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125k ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?
Thanks for this buddy. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
Thank you professor Wolff. Best talk ever, on this subject. An incredible eye opener. Our system isn't just corrupt, it is evil. No other word for it. The wealthy 10% don't care about us and the government, they bought, doesn't give a damn about the American people, either. What Wolff says about FDR and the great depression is GOLD. We the people, are not powerless. Nice to feel a little hope, for a change. So much has become clear to me now. It is unreal. Just finished reading 1984. Big brother has got to go or we all are going to end up like the protagonist in that book, In love with his servitude, but completely dead inside. You think I'm being an alarmist? You haven't been paying attention.
This entitled, establishment professor works for big brother. "Change" is an illusion presented as some new answer, but its the same goal as in any previous generation: world socialism or a one world government. That's his push as is all leftists. Always pushing "democracy" as the high ideal when in fact it has never existed in the US. Its a republic. Democracy is mob rule that will bring about a police state. We're seeing it transpire openly.
Very astute of you... You have not yet given your own ability of individual thought process and intellect over to AI of yet... Keep up the effort and maintain your social distancing from all robots coming to a city near you claiming to be there for your safety and benefit
LOL. You REALLY need to look up the term crisis and consider how it can't be applied to a whole human lifetime of human activities. 50 year crisis - well maybe in geological terms.
Everything Wolff has in his life, everything Wolff has done in his life, he has because of the capitalism of the United States. He would have been a street sweeper or worse but for the capitalism of the United States on whose teat of largess he has sucked all his useless life.
That's sad for you to have wasted half your life only to be duped by socialism and a multi-millionaire capitalist complaining about capitalism. When Wolff gives away his salary and wealth to the people let me know
Americans, I hope you know how blessed you are for having people like Richard Wolff, Chris Hedges, Catherine Fitts and others fighting for you people. I wish we had at least one like Richard Wolff in my own country. In my country we have a bunch of bloggers that copy everything that people like Richard Wolff does, later saying that this is their work. Amazing, unbelievable.
Marxists, Socialists' Richard Wolff, Chris Hedges, Catherine Fitts and others' fight is to take over. They don't create anything new. They don't produce products or services. They do not create wealth for anyone. They never have. They only want to transfer it to the "worker" (which are only union workers). When they say workers, they don't represent all workers in the US. They are part of the establishment they teach you to hate. Be not deceived, They are part of the Game that is Rigged.
After watching this for over an hour, I began to wonder if Wolff had gotten some inspiration from Carlin, then he goes on to say George is one of his favorites of all time. Liking this guy's work more and more!
Carlin was a genius in my opinion. He made the comfortable uncomfortable without mincing words. Richard Wolfe and Chris Hedges are two of my go too guys.
" ... they're counting on the people of the world not to know ... " There's a lot of that going around. In the United States we have government employees acting as if they are in charge of the people, rather than there to serve the people. They receive payment via the people's taxes. They act hostile and try to lord it over the people. It's a psychological trick, but the people in the United States are catching on. How could we miss it? That's all we're seeing from every government agency under the Biden / Democrat administration.
This class needs to be taught to every child ages five through age 20 every week of their life. They need to listen to this gentleman and learn maybe this country could be turned around somebody figure that out and let’s get it done.
I Couldn’t have said it better! Thank you! I have watched a number of his lectures/interviews. Learned a lot even as a mature adult. As he says, important to know history. So important! He puts things in perspective. So very intelligent and no wonder he was/is a professor. I wish I had him in college. I was an economics major at first but changed after 2 semesters of a very dry and difficult professor.
@@hydrolito Can they lend me any money then? I need a car and it's more than my savings. What do THEY charge for their interest rate on loans. Do you have a Credit Card? How much is YOUR interest rate? Bet it's more than 1%. My parents got more 10-12% on their savings account. So did I back in the 1970's BEFORE "Reaganomics." I paid all my cards off my little Hydro buddy. God bless.
I try to watch as many of Prof Wolff's lectures as I can. I feel like this video is pretty much his whole platform all wrapped up with a bow on top. Excellent work ACLU SoCal and Prof Wolf.
I CAN EASILY BEAT THIS PROFESSOR IF I WAS ON THE STAGE WHEN HE WAS GIVING THE SPEECH. HE, LIKE KARL MARX, NEVER LIVE IN A SOCIALISM COUNTRY. THE PROFESSOR DID NOT KNOW WHAT HE IS TAKING ABOUT.
@@evidencemed4256 You missed the point of his talk. He did not recommend socialism or communisim or the organization of countries like China or Russia - bur rather points to MONDRAGON, in the Basque part of Spain. If you're interested in a better form of economcis and society, you might find Mondragon interesting. It's not socialist, it's not communist. Good luck!
One question I have is how about the profit motive? If I have enough money to start a business and hire workers, what’s wrong with me earning a profit off of their work? If it weren’t for me, they would not be able to have a job. Plus, the profit I take in that scenario reflects the risk. I wonder what Dr. Wolff would say to that. At any rate, Dr. Wolff as always is very capable and makes you think.
He'd say you are a capitalist fascist imperialist pig of a dictator and you must be shot and your business handed to your employees. You getting the idea, renting or building the workplace, buying materials, equipment and maybe advertising pales in comparison to the monumental work your employees put it and the miserable wages you offer them, you swine. If you operate at a loss, putting in your own money or borrowing from investors, it's your fault, you're doing a bad job, but you manage to become profitable then all credit is due to the poor workers you're exploiting and underpaying and they should make more decisions on how your company is run.
Guy has a 2 hour lecture based on financial history, which is harder to revise than ….history. Commenters call BS without even a reason, never mind a source. Testament to the simple jack patriotism that is America.
@@misterx6276interesting how you inject politics when nobody mentioned Trump. I guess the guy lives rent free in your mind. You should seek professional psychological help for that. If you had two braincells to rub together you'd know this guy is a millionaire making loads of money complaining about capitalism to dumb people.
@@2121beastmodeYou know, when you comment like that, showing people you clearly have no idea what you're talking about, it makes you sound like a low IQ US hick, which is what you are, I can tell. Nice one, bucking the stereotype there 😂. By the way, everything Wolffe said about Greek bailouts which weren't even bailouts for Greeks, but bailouts for private (read: capitalist) banks, was 100% fact. I mean it's basic facts that you can check for yourself. 😂 Honestly, are you fucking stupid?
I love this guy's style......Great lecture I wish everyone was REQUIRED to watch it. Unfortunately, many do not want to learn. on the title; The title implies that the system is not all bad but that it is RIGGED. But I believe a more accurate statement/title would be "The Game Is Designed to Work Against The Working Class".
I'm "low key" sad about the fact that I won't be around, to see the great change, fall or reset. It's gonna be a site to BEHOLD*. TOO MANY OF US HUMANS COMPETING FOR TOO LITTLE.
We all need to listen to this and get organised and retake back the means of production and profits they create for the benifit of all rather than the few
james deroc Robert Hay The way to benefit ALL rather than the few, is by spreading the word about a "Resource Based Economy" (RBE)...to learn more about this, just click on me, then please view videos in my appropriate playlist! If you have ANY questions re this, please feel free to ask me*...once you understand how it works, you WILL agree that it's our ONLY SUSTAINABLE AND R E A L SOLUTION, but the ONLY way to get this done, is to spread this info to as many people as possible, ASAP! *I should inform you of one thing beforehand, though...there is a movement ("The Zeitgeist Movement") which had begun several years ago, in order to spread the word about a RBE (there are chapters ALREADY in MOST OTHER COUNTRIES)...anyway, most people in this movement don't believe in following ANY religion...I MYSELF, believe religion itself, has been SO DEFILED over time, due to the ANCESTOR'S OF THE OWNER'S OF THIS WORLD/THE TOP WEALTHIEST MF'S/THE "POWERS THAT BE" HAVING STARTED THE C O R R U P T E D versions of each of the world's major religions (in short, CATHOLICISM destroyed Christianity, ZIONISM destroyed Judaism, and the SHI'ITES destroyed Islam)...I personally believe, that THIS EXTREMELY IMPORTANT fact about religion SHOULD ALSO be spread!!! One more thing...@1:42:18 "WORKERS' CO-OP" = works just like a "RESOURCE BASED ECONOMY"!
@@johnmullally8711 www.heritage.org/index/ The United States isn't even in the top 10 for economic freedom according to the Heritage Foundation--hsrdly a left-leaning group! Was the coop that he used as an example owned by the state? No. Then why use Venezuela as an example? People like you will desire what is bad for them (and us) no matter what. It baffles me. .
Blair Sadewitz u believe everything u read without questioning the validity. Do u ever think for yourself? Let me help u. Hong long is literally fighting to get away from China rule. Hundreds of thousands are in the streets protesting and waving guess what? American flags cause they want the freedom we have. Yet your fake list has them no.1. Singapore no.2 if u throw a piece of gum on the ground you’ll be whipped with a cane. Just stop! We’re the envy of the world and the world knows it. Too bad some of its citizens don’t.
The bottom line is that people will do nothing about the slide into ever-more corruption, simply because we are all complicit, involved as parts of the 'society' that plays authoritarian games, and in order to do anything about it we will have to work hard on ourselves, AND go back to a time when we consumed less and led more frugal lives...all the time being lured by a thousand comfortable carrots..
Understand business (business = trade). If your industry is unionized or one in which you are paying "dues"(a subscription) or a "fee"(extortion). Understand value (try to quantify the components that comprise your trade) - understand why your skill matters or doesn't. If you are in a unionized industry, read ALL fine print. Understand which role your union leader is playing...Broker? Salesman? Pushover? Conspirator with management? Never let anyone negotiate your life - except in the justice system.
Kings are the normal way of life for humans if they get enough population to need administration. Priest kings. Democracy is a trick. We still have priest kings running things, but their God is Satan.
@@stevencats7137 I hope that you’re makes u money! I also hope that correction helps liberals understand what I’m saying. I may have confused many of them. Thanks
"...without any b.s."????? How about the 5+ minutes he spends talking about how in demand his speaking appearances are? Like: "Dude! Just bring yourself to completion so you can quit stroking your Ego and get to the point!"
54:40 Someone at the mixer must've turned off a mute on a side or bus channel for a second, right when Prof. Wolff gestures with a big voice. Great timing! It gave me a chuckle. Wait for it.
Laughing at you and him. Capitalism has lifted more people from poverty than any other form of government. The socialists in Greece had a globalist agenda. They opened up the borders to destroy Greece identity and culture. Socialism /communism only serves the political leadership and their chosen friends. Everyone else suffers.
Everything Wolff has in his life, everything Wolff has done in his life, he has because of the capitalism of the United States. He would have been a street sweeper or worse but for the capitalism of the United States on whose teat of largess he has sucked all his useless life.
ABSOLUTELY STUPID SPEECH ABOUT SOCIALISM AND CAPITALISM BECAUSE HE NEVER LIVE IN A SOCIALISM COUNTRY. HE WILL GET OUT OF SOCIALISM COUNTRY IF HE REALLY LIVED IN THE COUNTY FOR JUST ONE DAY.
I like that black lady with the first question. She symbolizes the movement by upholding her right and the value of her time when the organizer unconscious (maybe) cut her off with chitchat. Respect and admiration for her that people finally figured out people are more important than the system. We don't need a king in our work place, we can do better.
Richard we all need to duplicate YOU all over America. Your way of teaching and inspiring is awesome. We could use a booklet with all your ideas to pass around.
+Stella Bella Fidel Castro in CUBA already have a booklet for you and he passed it all over his country so his workers get paid $ 27.00 /a month . You should go to CUBA and see for yourself HOW Marxism works in real world .
@@martinko4086 Your brainwashing will keep you advocating against your best interests. You don't understand what LABELS mean or how they are designed to mislead. Never studied what "Marxism" ACTUALLY means? Cuba is NOT how Marxism works in the real wold. This deliberate brainwashing has destroyed critical thinking. RW's illustrations actually does the OPPOSITE of your idea.
Today bankers, governments, and corporations are one and the same. It’s us vs them but the masses have been brainwashed, here in Canada we had the best system for the people until 1974 when it all changed. The people’s bank of Canada was created in 1933 and belonged to the people, it printed Canada’s money at zero interest we created schools, hospitals, Highways, we started Medicare, social security and are debt was stagnant,because the people got taxed to destroy the money that was created and spent into existence for the people. In 1974 our corrupt government gave the right to create our money to the bank of international settlements and these bankers charge Canada interest and since our economy is falling apart and our national debt has skyrocketed because our tax money goes into the pockets of bankers instead of destroying the currency we get inflation. Key dates are 1913 the creation of the fed, 1974 Pierre Eliot Trudeau back stabs Canada, 2001 The Europe union and if you ask me this is unconditional but then again we don’t have a real democracy just like we don’t have real capitalism, we have cronyism with a quiet dictator. End the bankers end all wars and poverty.
Straight up, this man is brilliant. Taking a subject that is pretty boring, and making ít into shiny entertainment, is gold. What I didn't like about it... It ended. 😁😊🕊️🌼
he was so good at his job, he could have talked a jury into freeing 'Charles Manson, and made the public ashamed, for even judging Mansion in the first place
@@philobetto5106 lol. Charles Manson has a pretty interesting story actually. Not what we have been led to believe.. deep ties with the CIA since childhood. 😲
I love this man. I literally started listening to him when I’m feeling stressed lately - or like I’m in a twilight zone of hell. I just wanted to ask everybody if they feel like Richard Wolfe gave this speech at a time when he actually believed their was hope? And that today, when you listen to him today.. you can almost see the fear & disgust in his eyes … as if he can actually SEE the horror we’re about to step into if we don’t..do something drastic? Does anybody notice the change in Richard Wolfe from 10-11 years sgo to today? I just wanted to see if there was anyone else who noticed what I notice. I guess I wanna to confirm my observations. Cuz I really like this guy. He’s become like one of the few people I have to turn to when I need to hear reason or logic. No twisted-motived sugarcoated propaganda bullsh*t. I really like him. So it’s hard seeing him look into the camera today & … look like he’s looking at a bunch of … marked or dead people.
A resource-based economy, localized production, alternate energy technologies, interest-free money based on gold and silver are all required to save the economy. The trouble is the upper class will not permit the middle and lower classes to acquire these changes. Not at all.
Don't ya just love Prof Wolff... Such a warm, real, caring, inspiring man. There are better, other ways to raise up the many instead of the greedy, few.... The great social anthropologist who taught for many years at the LSE in London and unfortunately died last year said... The ultimate hidden truth of the world.... Is that it is something we make.... And could just as easily make differently! He too was a great Prof of economics and critical of these rigid economic systems that have captured neoliberal economics... The democratisation of capitalism is a great model... The world is struggling to find a sustainable way forward that is more equitable, socially just and restores the social bonds and fabric that binds communities together, reduces poverty, inequalities and are socially just... Thank you Prof... Your insights reveal how that could be... If only we are bold enough to challenge the behemoths that control power, wealth and divide us. Maybe we could be a happier, less corrupted, more socially accepting, less rapacious species....history as you demonstrate rhymes and I agree, it is time....to imagine what that truth could be before we destroy not only the planet but the great civilizing nature our Species/ Communities are capable of. Mammon (unfettered capitalism) must not prevail.... It will destroy us as your illustrations demonstrate. Let us hope the movements of the young and young at heart prevail. The Century of "The self," is collapsing.... What replaces it is up to us... The Demos...I love Chris Hedges too.... His integrity, prophetic writings are a tour de force and a warning... It is vital that the US does not fall to the Christian fascists...as it appears to be heading towards ... A Pence, Cotton, Pompeo, DeVoss cabbal would be a disaster for the world? Led by a competent neocon evangelical nut job lusting for the end of days? That is what I fear and as Chris has described appears to be forming in the turgid arena that has ensued/fermented over the past 30 years or so in US politics? Let us hope a progressive social justice program of secular sanity prevails! Thanks for the lecture.....
I just love a man who thinks we should cut slack to people like mao lenin and stalin, cause they were trying a grand experiment. Cut them some slack. As an atheist, your soc jus crap is literal cancer upon our republic. The christians are the last people i fear. I fear a bunch of people who tell me I need to ask a fucking collective for my creature comforts because of some foolish notions of equity and equality that makes us less equal, and equitably enslaved.
@@baldeagle1171 The only reason why you don't fear Christians is because we removed Christianity from political power centuries ago. Before that the torture chambers of Christians were full with victims.
TechBiz Canada read that statement. They never lost the wealth so how are we returning it? Their accumulating wealth NOT having it returned to them. Jesus!
@@SuperDeathunder And these top billionaires and corporations never press for laws that enable them to avoid taxes and never privatize profits but make losses public via bailouts and economic policies they use lobbyists and campaign donations to effect? None of these things happen on regular basis? And none of them crush competition and become monopolists? Seriously?
munstrumridcully never said none of that happens. I commented on the Richard Wolfe quote. It’s just funny to me that liberals have zero common sense. The ones complaining about the rich are democrats yet so are 90% of billionaires yet these democrats NEVER ask why? Why would Apple, Amazon, Microsoft , Warren buffet, Oprah, ect ALL VOTE DEMOCRAT? cause Dems are gonna side with the people and take all their wealth? LMAO. Wanna know irony? The only billionaire I know that said he’s voting trump. Guess who? The founder of BET. now that’s irony
In my country there is a system called Koperasi (roughly: Cooperation) which one of its principles, under law, is that the management must be performed in a democratic way. See "The cooperative movement and some of its problem" by Paul Hubert Casselman.
"Slaves produce a surplus which the master gets. Serfs produce a surplus which the lord gets. Employees produce a surplus which the employer gets. It's very simple. These are exploitative class structures because one class produces a surplus appropriated, distributed by another group of people not the ones who produced it which creates hostility, enmity, envy, anger, resentment, and all of the problems you can lump under the heading Class Struggle." -- Richard Wolff
"Marxism is for ass holes" Frank Zappa. Fascist and Marxist are the same coin of FOOLS and dilletantes. People who can't do MATH and History. Mass murder by Marxism in peacetime DEMOCIDE lastCentury. Forced labor, starvation and disease the Hall marks id " Den CRATIC Socialism" last century. By people and ideas and words exactly like dictators and R. Wolf. His "Solutions" to the evils of free trade, CAPITALism and free speech Are total BS.
Everything Wolff has in his life, everything Wolff has done in his life, he has because of the capitalism of the United States. He would have been a street sweeper or worse but for the capitalism of the United States on whose teat of largess he has sucked all his useless life.
Everyone please look up "Mondragon Spain". We have it in the USA too but it needs to become the main economic & social paradigm. And we have no time to lose. If we understand that democracy in the workplace will inspire democracy everywhere, we will make the shift.
I enjoy listening to Richard Wolff's talks. A lot of what he talks about I was able to come to realize (before I learned of him) through observing politics, reading history and reading about socialism and communism. I also read the constitution of My country (Australia) and I read China's constitution. The rise of the central banks and their eventual deregulation. All this is self taught. I saw the system is flawed, but continuously praised. And no one talks about the other side. Unfortunately I also learned I am one of few people I know who understands it on this level. About 50+ are interested in hearing/reading and sharing what I have to say. Others although they don't respond via online platforms. In person they tell me that they read my stuff and find it very interesting. I also provide credible sources that back up my what I am saying. I'm no academically recognized scholar but that doesn't mean I can't share what I have learned. And when I am voicing an opinion or engaging in speculation. I will point it out.
No 👎 never talks about what history Socialism, Marxism and Communism dud to over 100 million human beings last century. It killed them in peacetime By DEMOCIDE for Socialism.
Very interesting. We still do the same thing today; speaking only to one child in the family. Only we take it one step further, and demonize and censor the other child altogether, and the people don’t seem to mind!
Bernie Sanders has it right and so do many others. We must organize, and we are off to good start but we need many more. Is now the time, or will Americans continue to suffer more until they finally get it. #feelthebern
I am not suffering but do think of others. I got some grandchildren growing up. Only uneducated people with no social skills, resolve conflict by calling people names. Obviously you are not well read or would know we already have many social programs in America including schools, libraries, VA hospitals, EPA, FDA, medicare, etc. Its pretty easy to know the middle class is shrinking, that called statistics, and that corporations have been paying less than their fair share since the 80's increasing yearly, and that Wall Street is holding everyone hostage because our money is mixed with their speculations. Bernie has been consistent in his voting for all Americans for decades, is not the typical corporate politician backed by corporations, and is not an entitled billionaire who gets support by promoting bigotry, racism, and said if he ever ran he would run on a republican ticket because they were the most uneducated, FOX TV new watching bunch. Of course the poorest states in the nation are in the south and those happen to be where the higher percentage of uneducated outwardly racist people live. He also buys into fear and you know ya'll are all such good Christians. NOT!!!
+Dianna Trimborn Middle class is shrinking, because of " socialism" in America. In USSR ( UNION OF SOVIET *** SOCIALIST *** REPUBLIC ) after Bolshevik revolution in 1917 , was NO MORE middle class, but poverty, hunger,( 20 million died from starvation ) forced labor etc .. If you want to know how socialism end up in eastern EUROPA in 1989, ask me , because I grew up there in REAL socialism . You do not understand the BASIC difference between social programs- in Capitalism and real Socialism as economic system , where rich become absolutely rich and powerful, as a STATE officials , where is NO justice for any ordinary man . Bernie is "good hearted man " who do not understand how the economy works . I recommend , that you visit socialist CUBA, free education, free healthcare, NO unemployment, worker makes $ 0.05 / hour .
Bernie is not advocating for socialism is the pure definition. He is expanding social programs we already have.He is not trying to get rid of capitalism just reign it in a little. It was that way before Regan started with trickle down. Are you objecting to the top 10 % making more money, or having wall street speculation tax to expand and pay for public college, or overturning Citizens United, and Glass-Stegall? Are you against the #TPP ? I am not buying into your fear tactics of trying to compare os to CUBA when it was a communist nation. If #TPP goes through it won't matter, many countries including states will be working for nothing. I am not responding to you again, as I am finding the repetition quite boring, and please do what ever you need to do as far as your vote, if you even vote,
+spaciousky I have no idea where to begin in addressing a low brow ignorant person such as yourself as you throw words around and have no real facts context no understanding wisdom and the like but let me answer like this: Since you like capitalism so much go to one of those third world countries with out strong governments where corporations own those fiefdoms where 2/3 of the world live on less than $2 a day try your bullshit arguments over there because the most tolerant of people in third world countries would think you are crazy.
+Andrew Stergiou ******Do US corporations own also production in socialist CUBA ?? OBVIOUSLY not. " As you know " $ 2 a day is very good PAY in CUBA . Do you feel sorry for them ??I DO NOT !! THEY choose socialism, now they can "enjoy" socialism .
kjones then you have been completely indoctrinated, engineered. Because he is omitting agenda 21. The smart grid to inventory and control you, take your property, which constitutionally includes your mind, your children, your religion, your travel, mobility, your energy, all systems. Concentration CAMPS!
@@lindacianchetti3599 You don't as a society provide healthcare and education as a public good to then enslave the public in camps. That makes no sense. Think about that logically. Why would you bother? Only a government not of the people, not by the people and not for the people would do that. The kind of government that Professor Wolff is advocating is for, by and of the people.
@@lindacianchetti3599 Wow. Well, I gave you the benefit of the doubt and ended up several quarters short of a dollar. How do you even manage putting one foot in front of the other with that word salad worldview nagging at your prefrontal cortex?
Trevor Jurgens Here lies the problem. You see, God gives me. Not you. Not government. Unalienable rights. Not privileges. Rights. I come into the world with rights already. Freedom to move about. Freedom to set up house. Freedom to worship. Freedom to express myself. Freedom to the pursuit of happiness and health. Freedom to love (or not). Wolff wants you to believe you don’t already hold these. But, you do. Declare them. They are yours. Protect them. Cherish them. Nothing; No one; has authority over you. As sure as I breathe, I am. One with God. Does that answer your question?
I Couldn’t have said it better! Thank you! I have watched a number of his lectures/interviews. Learned a lot even as a mature adult. As he says, important to know history. So important! He puts things in perspective. So very intelligent and no wonder he was/is a professor. I wish I had him in college. I was an economics major at first but changed after 2 semesters of a very dry and difficult professor.
The CEO's, board of directors and principal stockholders are "self-made millionaires" by giving the lion's share of the wealth produced by the employees TO THEMSELVES!
The employees exploit the CEOs by gaining access to equipment they could never afford to buy and using it to earn a profit using the machinery. This idiot competition is nothing but rhetoric.
@@AvNotasian if all the workers pooled the money together they could. Is not like the ceos buy the equipment outright. Many times they lease it or finance it. Capitalists have to rig the game in their favor, that’s how confident they are.
@@davidl5119 if the workers pooled the money together that would be called a company and they would be the owners. Of course people borrow money to buy assets, how on earth would anyone ever be able to afford this equipment if their income depends on them having the equipment. "Capitalists have to do X" Capitalists don't exist as a group exclusive to workers, your very own example would make the workers capitalists. You are a buffoon, but worse than that you are a buffoon who buys into communist rhetoric, how dumb are you?
So no one for the rest of eternity will try to make over 250k. Great plan! No new growth no new innovation. Enjoy that cellphone your using. It would be the last generation ever made! Again great plan. Glad your not president. Jesus
Professor Wolff: After receiving my college transcripts, I was shocked to see I was given 4.0 GPA for Philosophy. I remember barely hanging on! Interestingly, I remember one important comment from a professor: "German Philosophers are much better read in the German language as they were written, as the translation into English becomes less poetic and fluid. Thank you for your work.
Great man. Points out the pure greed in our country when Yu have our leaders in cahoots with corporations. And graft. Good job sir keep up the good works and god bless
It's great the conversation is no longer "taboo" as I listened with an open mind. yet the ideas promoted seem selfish and rediculous as remedies to the imperfect system we now have. As a member of the lower-income class in the US, I still recognize... The US wouldn't have the opportunities for advancement and success nor be one of the wealthiest countries if the policies Wolff speaks of were implemented.
Yes, PODEMOS" is a plural of: "WE CAN DO IT" Mr. Richard I can listen to you all day, I really appreciate the time you take to EDUCATE US! Thank you! and YES INDEED! we need a change that benefits the Majority, who are the structure of these Country.
Note to stereo headphone users that don't have both sides on your ears all day: the audio is ONLY in the left channel for the first hour and a half, and then it suddenly becomes too loud in the right ear during applause at the end. @ACLU of Southern California: if you have stereo signal errors like this please convert all video audio out to mono!
Richard thank you You are an antidote to this internalized oppression and learned helplessness we so called consumers suffer from as Americans Don't buy the junk that makes the CEOs rich if you can .
CEO is a high-paid worker whose bosses are the shareholders that put him there (high paid as he is capable of detecting business mistakes that save millions to the company: as he saves millons in losses, shareholders let him keep part of those earnings). Other workers will earn depending on the business productivity
@Dovah-chan There's the economic reason i have explained before. If u are asking why don't i think that it's okay to intervene that economic phenomena: Well, shouldn't we make cristiano ronaldo to earn just 50.000$ a year? I don't think it's good or bad to earn that much. If a high income is simply the result of a voluntary exchange between people the outcome doesn't bother me the same way it wouldn't bother me if some people willingly decide to make out. There's also the consequences on productivity (thus on wages and prices for the people) that would arise when the price or wage system is distorted by any non-economical motivation.
I do not consume goods that only serve to enrich CEOs of large corporations Which includes Amazon no way I support the underdog and the little guy always
Never forget Greece got there after Goldman Sachs offered to cook the books to get into the EU but demanded that all convertable public funds be converted into the CDO's that GS shorted immediately after the deal in the mid 2000's. This is a key fact when talking about Greece's financial issues.
+David Markham But did not come out as what he said about Greece , they did agree what the masters Germany say , austerity ,austerity in a big deal . it's happening right now .
debbiedogs1 yeh fight fight it's just talk and no actions . the rich are getting richer and the poor are hit hard with cuts and it's getting worse for them by the day
When RU-vid invents a feature that fixes videos with one sided audio it will be looked back on as the end of an epoch, and all time before that day shall come to be known as "The Mono Ages".
In general all economists speak the truth. If you find yourself thinking a person is one of the few that does, your probably being lied to. Wolf is know for often saying quite literally whatever he wants inspite of any data as well as building his positions on the back of countless logical fallacies, most notably utopian fallacies.
leo Obrien , it is june 2021 and capitalism is still standing strong and socialist CUBA is still fucking poor . Your " professor WOLFF is still full of BULLSHIT !!
@@martinko4086 Look around, capitalism is not standing strong. It was proped up by a 1.9 trillion dollar bill. With a wealth inequality that has surpassed that of the French revolution. Comparing the GDP of Cuba to the US is like comparing a shed to a skyscraper. Education is indeed key, which ironically Cuba crushed us in. Have a nice day!
@@ChitWhitly I do NOT see socialism standing strong . Eastern Europe , USSR , Venezuela , Cuba , please point to me some strong socialist country !! I am comparing GDP of CUBA PER CAPITA to GDP per capita in USA . USE you brain , YOU IDIOT !!
@@martinko4086 Only one of those countries is socialist. You did not mention per capita anywhere in orginial post. Why are you yelling and calling names?
@@ChitWhitly In my original statement I did NOT mention any GDP at all !! Where are you getting your Bullshit from ?? I am calling YOU an IDIOT , because that is the truth . YOU do not have education in CUBA , you have a FREE brainwash . MOVE to CUBA you will get the "BEST " education you dream about .... and do NOT come back .
Inequality does not come from how we distribute what we produce, it comes from who is primarily responsible for producing it, and from whose savings are utilized in the production..
Unfortunately I live in Greece.The system is unfair in that everything is in favor of the civil servants AT THE EXPENSE OF EVERYBODY ELSE.That is , civil servants get bonuses of 100,000€ and it is the private sector that pays for it. What is more, half of the civil servants do not even work because they do not live in fear of losing their jobs. The lazy get well paid. The worst thing is that the government accepts this because those in power depend on these servants to get elected. This includes Syriza.There is the client state...Nikos Poulantzis said the government does not serve the interests of the rich only because it is an entity of its own. I am not so sure this applies to Greece.
His Marxist mentality is sad! There is nothing normal or healthy about Marxism! How about TRUTH? How about Critics of Marxism? How about the lies which take away from truth? Not Marxism! Not Progressive conservatism not about liberalism! Not about sick twisted greed? How about true Justice? How about a society which refuses to buy into these sick ideals? It's not about a sick banana republic, Its about the degeneration of morals, the degeneration of egalitarianiisam. Yes society is sick, it's morally sick! Your Marxist system is based on anything but morality! Your mentality never looks at integrity! Why? Because you will never consider anything but some kind of accodemics sensation, which convinces multitudes of deluded accodemics that inequality is victimhood. You can not perceive that locked in the isam of egalitarianism is narcissism! Securing reform, based on enmity, is decrepit! Democracy can only produce an enterprise with integrity, if the people who hold integrity in their hearts. It can only be accomplished with values, integrity, truth, honour, and justice. Your entire argument is based on power. Your us against them mentality, arguing inequality is based on divide and conquer. How about a society where truth prevails? How about looking at the very sickness which causes a people with that screw you mentality of I'm going to get it my way? How about we look at what enmity does? How about we study injustice, and do our part to change the system to a righteous society, where families, and truth prevails? It's easy to take shots untruth, it's easy to take shots at injustice, it's easy to influence people to listen to a narrative which is based on victimhood, by using depravity to persuade. How about a heart of kindness, forgiveness, and love?
Everything Wolff has in his life, everything Wolff has done in his life, he has because of the capitalism of the United States. He would have been a street sweeper or worse but for the capitalism of the United States on whose teat of largess he has sucked all his useless life.
Everything Wolff has in his life, everything Wolff has done in his life, he has because of the capitalism of the United States. He would have been a street sweeper or worse but for the capitalism of the United States on whose teat of largess he has sucked all his useless life.
Worker-owned, worker-controlled workplaces---it's the only way to go forward. In the "managers'" minds, you who do the work are the very last thing to consider if at all. Our daily work condemns us to feeding the Profit Machine that's killing us. We have to stand by the value of our daily work, and if we do so, we WILL win. Hope many, many people hear this!
Who ever owns the business is taking on the liability, opportunity cost, and general risk.... The owner therefore suffers all losses, and reaps any profit. If workers wish to Unite and Buy Out the Company, good for them. But, most workers would rather take their wages, and leave the complications of running a business to others with the appropriate expertise.
WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL ALWAYS BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS.
@@reasonablespeculation3893 Do the owners pay their workers in line with the productivity they give the company? No, the exploit the fact that people need to live to pay their workers well below their worth, while paying execs well above their worth. Also, the whole point of LLCs and the like is to mitigate the risk, abd the biggest monopolistic companies make the losses public with bail outs. I really think you are looking at this with rose colored glasses, and ignored the ever growing inequality and the way that the top billionaires and corporations use their wealth and power to influence legislation that favors them and makes sure that the working masses are in no position to compete with them. We have oligarchic crony capitalism, I don't see how anyone can deny this. The history is plain.
@@reasonablespeculation3893 Question-- are you ever going to address my false dichotomy point? Private property is fine and irrelevant to how we structure the means of production. The means of production has a huge effect on the society as a whole. A more democratic system would benefit society more than an oligarchical one. Please address my point on your false dichotomy or just move on. I don't deal with red herrings.
As alway, professor Wolff delivers another great lectures, however this one important topic left out that must be addressed, is the real estate Industry, currently it where the wealthy elites are investing all their assets, to own the natural resources and make most American either homeless or renters, raining their rents exorbitantly, currently local government depend on property taxes to fund schools, libraries and roads etc etc, so my question foe Richard, is under a system proposed in his lectures as like this one, how should this industry change or be affected by his proposed changes to end capitalism etc etc…?
Right, kings & popes, rich tax poor, accumulate land & expand markets, enslave enemies, control banking & wage wars in the name of (fill in the blank)-- thus it was ever so as long as people could write.
@Lucas Allison Marxism is NOTHING NEW to me since I did live in socialist country and was FORCED to know Marxism in details . Reality is there are many things WRONG about this theory which constantly criticize and blame rich , for shortcomings of poor . Capitalism do NOT exploit workers , but socialism does !! Socialist CUBA pays worker $25 / a MONTH !!! So if you complain about your "minimum wage " in the USA , please MOVE to CUBA , your Socialist PARADISE .
@@martinko4086 I live in a Nordic country, a social democratic state with a nice mix of free markets and socialists programs. Socialism wasn't the problem in the country you lived in, it was the corruption and concentration of power.
@@FirstnameLastname-kn5sw I expect more intelligence from Nordic country . First you live in Capitalist free market economy, form of government social democracy, NOT socialism at all , and a pile of oil money feeding your 5.5 Million people. Socialism is common ownership of means of production . Please do NOT bring social programs in here it make you confused . BUT yes, SOCIALISM creates good ground for corruption and unreasonable concentration of power . IF you want to see Socialism , please go to CUBA .
"raise the wage" becomes a moot point in the better model of cooperatives which state "divvy the profits"---no more begging and bargaining, just earning and divvying. plus, cooperatives can determine their product, hopefully sustainable and necessary. unions gotta sell whatever the corporation markets. so the co-op is indeed optimal. stuffy old union halls or gorgeous independent shops carrying the beautiful artisanal necessities and holistic produce of local farmers. you choose.
I got goose bumps at the end... all the way thru I'm thinking what a great source of Carlin fodder And he says he's a big fan towards the end! Woo wool I like his style and passion.
Capitalism is the system that favors certain skills more than others. Some of those skills are: - Efficiency in killing, fooling, manipulating or destroying (whatever it takes) the competition. - Efficiency in exploiting others for personal profit. If you have those skills - you will be just fine here...Maybe not if some psychosis makes you miserable.
Yeah you are right, look at all those workers exploiting their employers out of their hard earned money something needs to be done about this injustice. You are an idiot.
And leftist entities are bereft of corruption? Name 1 that isn't. WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS.
@HMSBlackPrince Once Basic food, fuel, shelter, clothing are widely and cheaply available, the Capitalist will naturally begin to produce upgrades... Eventually there are superfluous , more expensive, versions of necessities... When every house has a stove, next people will want Central heat, then they want A/C... Pure running water to every house is an historically astonishing achievement, but people will next want hot and cold running water,,, some will want a whirlpool bath..... When beans and rice are abundant and cheap, people will want hamburgers, and then Steak... and so it goes. Should the Gov. make it illegal for people with No resources to spend foolishly on unnecessary amusement? Should the grocer not sell a bag of Chips to the low IQ Adult, who can't feed their kids? Should Gov. mandate that salty Snacks be unavailable to anyone, so as to guarantee stupid people don't waste their limited resources? Who decides if I'm permitted to buy a house with an unnecessarily large lawn? Should Realtors be banned from "staging" houses to entice buyers? Should the potato Chip company be banned from glossy packaging, and celebrity advertising? The Dear Leader WILL tell us what we like or do not like, and what we will or will Not think.... so, be careful what you ask for you may get it
Why not get organized and start boycotting products and services produced by major corporations, collectively refuse to pay back the student loans, start using alternative currency like bitcoin as much as possible. Basically, form a virtual society, which small at the beginning eventually might expand into a larger and larger group and affect more and more aspects of daily life.
uni vlad All sound suggestions, Uni. But that takes organisation and the organisations that once worked have been whittled to negligible by McCarthy and every administration beginning with & then following Kennedy. But maybe Dylan’s ‘Times', are coming about. 😮 • Actually, what you suggest is what I do. I can afford to live far more extravagantly than I choose. I follow a healthy diet that avoids all processed foods. I watch no media but rely upon the internet for my world information. I take pleasure in keeping my needs as simple as possible. Such bring me joy, and a little touch of nasty satisfaction. I am but one. "A Few Rules Prior to Purchase" •Do I really need that? Do I have a worthy substitute at home, or something I can put together to do the job, fill the need, find second hand. •How little can I spend today (as apposed to how much can I save). My approach comes from discussion with a very smart Chinese lady. It works far better than our Western Cliché. •Food is not my entertainment! It is but nourishment to a healthier body. •Advertising is blatant, legally protected, asserted lying. •They want to squeeze as much out of me as possible. •I want to give them less than possible. Namaste and care, mhikl
+Mhi kl I, too, live with no desire for the extravagant life that allows me to step on my fellows. Too many people follow Ayn Rand without understanding how wrong she was in her theory of selfishness (objectionism).
