Economic Update: Lessons From A Crisis Year 2020
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- Опубликовано: 7 сен 2024
- This week's show features a survey of the major economic events of 2020 that were poorly covered by mainstream media: the twin crises of viral pandemic/capitalist crash; protesting right-wing regimes (France, US, India, Poland); how the US Census Survey reveals the extent of US suffering; how Federal Reserve policies, intended to combat Covid-19 and economic crash, worsened income/wealth inequality; and the correction of poor unemployment data during a massive jobless crisis.
[Season 10 Episode 49] Lessons From A Crisis Year 2020
Read the full episode transcript: www.democracya...
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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!
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"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"
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Professor Wolff is a real scholar. He makes things so clear. Happy holidays to you!
Counter to dominant history and theology, Hudson reveals how the Bible itself is concerned most with the moral failure of
economic systems, rather than personal sin.
"It's a war" ... So says economist Michael Hudson about the deadly serious game being played by the world’s financial powers and their intention to create a new feudal
economic order. Hudson sees the privatization of public assets and institutions, like the Fed’s take-over of the Treasury a hundred years ago, as evidence that our struggle
for people-focused public policy is being overwhelmed by debt at the hands of capitalism and greed.
Wolff spitting facts! 👍
Professor Wolff making things brilliantly clear, as usual!
but no solutions
@Larpy McLarperstein you're a victim of brainless self-aggrandizement
@Larpy McLarperstein lmfao, I'm still not reading your blathering
pretty hilarious how you think anyone gives you more than a passing disregard
@Larpy McLarperstein again, you add nothing to this exchange and instead reply in bad faith each time
@Larpy McLarperstein I know you don't ever participate in exchanges and always resort to pettiness & small-minded lewd remarks
trolling others in your unimportant & pathetic attempts at asserting some "dominance" here is all you know
you are in fact very submissive & take the bait every time lol
The cares act gave out $5 trillion. If every single American, 330 million people, have received that money, everyone would have received over $15,000. Instead, we gave that money to the wealthiest among us. Probably around 1000 people. US Americans should be outraged. In 2008, every American could have received over $45,000. Keep in mind, this crash dwarfs that one.
Pastor Joel of the giant mega church got over 3 million. He is already filthy rich and churches are tax free.
Keep voting for the Democrats who will screw us more than Repubs ever could!!
@@therealtoni wake up. We live in a two party corporate duopoly. Corporations have seized power and non of these politicians listen or work for you!
There is only one political party in the United States. The corporate party has two wings, Democrats and Republicans. The difference, very little. In case you have not noticed, both parties agree on giving your capital to a very few people. Guess what, that is not you.
That's what conservatism is all about!!
Preserving the status quo.
Giving the masses a lot of money inflates the price of food.
Make the masses homeless increases housing inflation,which makes the rich happy.
Wow! Nobody thought on those happening right behind our back. In India, the farmers are now on the street, fighting deadly North Indian cold nights and days, to make the "helm" rescind their promulgated farm law. Both highly and young aged farmers from ten states are now gathered near Indian Capital. This is unprecedented in the post British occupation period of India. The country is with the farmers. 🙏🙏
It is amazing and wonderful. Solidarity.
I wish them luck and hope they bring about change.
The owner of Bread & Barley in Covina, California decided enough was enough when a public health inspector ordered his restaurant to shut down.
So Carlos Roman parked his truck behind the vehicle belonging to the public health inspector.
“He wants to come in here and say nobody can work-well, then he can’t work either!” Roman told a police officer who responded to the scene. “If we can’t work, he can’t work.”
As many as a half dozen police officers showed up and demanded the restaurant owner move the truck.
“This is what happens when people get desperate,” Mr. Roman said. “I’m desperate. Who’s going to pay her car payment? Who’s going to pay my cook’s rent?”
He then asked the police officer and the health department inspector whether they got a paycheck on Friday.
Before we go on, first, these are power mad dictators, just like governor Newsom.
But it's also clear that the owner's pain was real, he was a man living off GoFundMe donations, in desperation making a Quixotic protest. There was no way that pub owner, Carlos Roman, was going to win this encounter, and the cops gave him time and time again to just move his truck, they didn't even threaten him with a ticket, they just warned him he either needed to do that or he was going to get a tow.
This encounter was one of many small rebellions from small shop owners, seen in Texas, Michigan, New Jersey, New York, and elsewhere in Southern California. It's not guns-and-God territory either, the stuff of democrat disdain and legend. Bread & Barley is a small upscale brew pub in a fairly wealthy suburb 22 miles outside Los Angeles.
In other words, this happened in a very blue California suburb, run for years by brain dead democrats, not the Texas badlands.
@@larryross1819 You're half right. The Democrats enforcing the quarantines and failing to provide economic and social support is a problem. But Republicans simply ignoring the problem is no better. It is just a question of how you'd like to die, in the hospital or on the streets. That's why the Left has been screaming for regular subsidies to workers. And don't you dare forget that, had Bernie Sanders not fought for it, you wouldn't have gotten shit from the government.
Man I've been homeless for 6 years now, this year just exasperated my brokeness
😔
I was homeless for about 6 months once. But 6 years? Peace, comrade.
Wishing you better days ahead...
I wish you better days! 🦋
@Larpy McLarperstein - or...hear me out, this person is one of the many people who have fallen on economic hardship because of 50 years of consistent austerity, bought off politics, stagnate wages while productivity rose, and the consistent commodification of necessities.
There will always he homeless people under capitalism. This will only get worse as this austerity continues. No one wants to be homeless. Everyone wants a place to live, maybe the market should actually match supply & demand. 17 million vacant homes but 550,000 homeless Americans. Sounds like capitalism doesn’t follow supply & demand.
21:43 "you're right Mary, it is, and it'll be soon too" the way he said that 😭😭
I hope it's soon. I want to witness the revolution.
Yes.
@@walden6272 No you don't. No one does. But we will.
@@walden6272 You will see a lot of Kyle Rittenhouses on the streets. (BTW, I oppose laws that automatically treat juveniles as adults, especially when the juveniles are mentally slow, and had the *cops* encouraging them to do what he did.)
@@l.w.paradis2108 May the battle for future begins.
Prof. Wolff is a hard core scholar.
Which is why I listen to him
11:32
Ive continually been shocked at the callous response of our nation to these issues. Will that awakening occur? Can America actually change without actually going through Hell first?
Short answer..No
I tried to talk to a friend about finances and this monetary system reply back: " I don't talk about religion, politics or money". I laugh and something pop in my mind, perception management and financial repression. The cognitive dissonance tweaked to perfection by the controlling media.
It is difficult to free fools from the chains they revere. Voltaire
No. The US is done for, the Dmes will shit things up and Republucans will take over in 2022 and 2024.
Bare in mind there are libs simping for AOC and Pelosi for gatekeeping medicare for all. People will die and go bankrupt, and Dems will also be at blame for that.
@@toro64xxx The most important parts of life, and the masses are conditioned to be adverse to even mentioning them.
"Defund the Police" is not a slogan! Its actual policy to reallocate public funds and responsibility from the police. Defund them and fund mental health, schools and housing.
It's not enough to defund the police. We need to de-militarized the police. They are acting like they are in a warzone, beating on civilians and trigger happy. Most police officers should be fired and replace with new train officers who can respect the public like they suppose to be.
The police are this point, the police are wannabe military and most of the people there would be thrown out of the actual one. A car comes at a military vehicle in an intimidating way? A 10 step process before lethal force is authorized. Police? Just gut feeling.
You missed his point, it is just a slogan just like BLM. Wolff points out there's a lot more involved than just taking money away from the police, which just the thought actually scares a lot of people, especially older folks. Also just the words themselves have been weaponized by fascist outlets like Fox News, twisting people into thinking it'll somehow lead into all out anarchy and eventually a zombie apocalypse.
@@mohmoony3918 defunding the police is a fucking action, not you, Wolf, old people or fox news can make it something its not. Its the same as cutting taxes, lower emissions or diversity. These are actually actions that people are looking for. Of course its not a fucking Bill with laws and because its not a Bill doesn't make it fucking slogan. Wolf is smarter than that, these are actions the public wants. Dunds taken away from the damn police. Not reform or any other bag of tricks neolibrals come up with.
@@antonioalford-el6208 You agree that the phrase "Defund the police" is not a bill with laws. If that's the case, then what is the phrase but a motto used to grab attention for achieving political popularity (i.e. a slogan)? In the case of abortion, there are short phrases to describe both sides such as "Protect the unborn child's right to life" and "Protect the woman's right to choose." None of these are bills, but are used to achieve popularity in hopes that it would lead to passing legislation. You can talk about the policy implications of these phrases but in the end, none of these phrases, by themselves, count as legislation or direct action, they only are used to spur them. Please note that I don't speak as one who is opposed to "defund the police" but we're not arguing policy details here just definitions.
"the private sector isn't efficient"
True. Examples demonstrating how we mitigate it's inefficiencies:
> Govt - Unemployment insurance
> Govt - Tax credits: equipment depreciation
> Govt - Tax credits: Capital spend
> Govt - Tax credits: Business expenses (e.g. employee healthcare)
> Govt - Tax credits: Personal health expenses
> Govt - Tax credits: Deferred or reduced local taxes to entice a business (e.g. WalMart) to build.
> Govt - Tax deduction (ie. credits) for R&D
> Govt - Business losses in one year spread over multiple years.
> Govt - Reduced tax (ie. credits) for long term gains (e.g. 1 yr) vs short term gains.
> Govt - Shareholders' and corporate managers' assets are legally not at risk for business failures. Contrast with private companies where the owner's house and savings can be taken.
> Govt - Bankruptcy laws to stop lenders from taking a business's assets.
NOTE: A tax credit and a deduction are equivalent. No difference between paying $100 in taxes and getting a $20 refund or just paying $80 in taxes.
The gov't isn't efficient either. Efficiency is a moot point, a marketing trick used by pro-capital ideologues to convince people of some vague merit of the private sector. It's a red herring to complete the propaganda for those who already believe that "how much (fiat) money something costs" actually has any bearing on whether or not we should do it. The only time where it really matters is when we're dealing with limited natural resources and envinronmental damage.
Oops. Forgot this one.
> Govt - Intellectual property laws
GREAT TALKING POINTS MR WOLFF AS USUAL 💯 ... SALUTE 💯. WE ARE WITNESSING THE UNRAVELING OF AMERICA BEFORE OUR VERY EYES.
The unraveling is what we need. Incremental change won't work. It's going to hurt and may bring some chaos and violence. History says that's the only way. Only through fear will they let go of anything. Just like the politicians that keep getting reelected regardless of what they do or don't do. They will only act with pressure and fear. We need a general strike, but they have succeeded in dividing us in so many ways, that it will have to get REALLY bad before we all come together. Or, we could get another false "Savior" much worse than Trump if we aren't careful. Ask the Germans how that works.
@Larpy McLarperstein No. I just call it as I see it. Shit is collapsing everywhere and right wing fascists are taking control around the world. And people are rising up, but not as much here. YET. We are in a slow collapse that may or may not accelerate. I don't know the outcome, but it's real and they don't talk about it because Capitalism doesn't consider it. It's one thing for the poor nations to suffer. Nobody notices. But, it's hitting home. 1/3 of the population is sucking wind. Critical mass should be soon.
@Larpy McLarperstein who are the "globalists"? they're just garden variety capitalists who have gamed the system & utilized the very market-friendly arms of imperialism to enhance their power within society
these are all functions of capitalism rather than any natural function of "governing" in and of itself
your need to deflect about the state, all while knowing that private interests & privately dictated markets & large firms control most of the distribution of productive value within the economy
governments big and small are at the whims of these neoliberal sharks & ravenous financial speculators
@Larpy McLarperstein no, the capitalists are the ones who control the economy & capture the state and regulatory bodies in order to maintain their status within the society
capitalists make-believe that the enemy is a "foreigner" or "commie", and try to convince the public through media and other means, but people are not buying it
we know that the exploiters & purveyors of wage slavery are the ones who take advantage of this system, and they are the ones who socially engineer media & other platforms in a way that prevents conscientious uprising against the profit motive
@Larpy McLarperstein More and more people living on the streets as the corporations and the ultrawealthy and wall street steal everything. And I say we need to rise up and call a general strike and you think I'm part of the problem. The people of India did it. 250 million at once. France is doing it too. I have been a Teamster all my life. You don't get it.
hey mr. wolff, happy holidays to you and yours. always manage to take you in. even when it may bring a certain dreadful feeling. the system's alot to fix or replace i s'pose. god help us.
I love Chris Hedges but sometimes I can't listen to him because I know it's true.
"It is difficult to free fools from the chains they revere." Voltaire
@Larpy McLarperstein The 🤡 returns.
@Larpy McLarperstein That’s not what your mother calls me.
@Larpy McLarperstein lol, you can never debate on merits & always mischaracterize your opponents' position and deflect toward basic quibbling
you're a clown
but good to know the online RUclips left comment sections are where you go to vent your frustration & cope
@Larpy McLarperstein no, all you can do is whine & cope and talk about "the state" without ever offering any actual alternatives or real analysis
you're a cry baby lol, and it's so hilarious to see you flail and whine in Lefttube comment sections ROFL
@Larpy McLarperstein you have no creativity lol
your three fall-backs are always, making personal or otherwise untoward remarks about strangers online, deflecting toward a straw man of "the state", and taking liberties with the position of your opponent
you do not argue these topics on the merits, and always want to bait & troll those who you find disagree with your worldview fundamentally online. there is no substance in your writing, nor in your arguments.
on a fundamental level, you are impervious to facts, and are here in bad faith.
Prof Wolff is having a worldwide audience listening in to be enlightened not available in the MSM
@yu at least Richard Wolfe isn't a shill like libertarian/anarcho capitalists like Jordan Peterson and Stephan Molyneaux.
have been watching you from Greece, for the past year Mr. Wolff, you are a man of great importance to the progressive movement, i am very glad you had the time to speak with Mr. Yanis Varoufakis, and also glad you continue making these videos on a regular basis, providing real, unbiased rational opinions to the world!
Thank you so much Richard for all your enlightening and wonderfully informative synopsis of this last years' fiascos..You have been so helpful and fill a huge gap in journalism..You speak so directly to us and clearly identifying the difficulties of the "man in the street"..An abundance of health,wealth,peace and joy to you and yours..I look forward to reading your new book..
Hello from New Zealand, where we have a left leaning young mother for a leader who puts people before profit. She asked us to be strong and kind to each other and decided we would go in early and hard, we did at her urging we pulled together as a team of 5 million. Now we just stop the virus at the boarder. Although we have multiple parties, she was reelected in a landslide, proof that a multiple party system can get things done for the citizenry.
Absolutely perfect. Every person in America should listen to this.
It's what the wealthy few knows; and they do not want the people to know.
Thank You
They know...
Simple brilliant analysis...thank god for people like Wolf
Lots of love from Asia Prof Wolff. Big fan of yours here in The Philippines. I pray that your great country USA can eventually get through all these.
Of course it is a process of lowering expectations. I invite you to read, “the shock doctrine“ by Naomi Klein.
It's the frog's death in the pot not realizing the water is slowly getting hotter. With business closures and lockdowns, the pot is our own homes, for as long as we have them anyway.
Even with all your grewsome news I still look forward to your Monday offerings Dr. Wolff!
@Larpy McLarperstein the loathing is just for capitalism's brutal stranglehold on reality and for those malefactors & idiotic sycophants who feel the need to cheerlead for capitalism online lmfao
capitalism needs a large oppressive state lol. capitalism couldn't exist without imperialist states & violence to protect private property
@Larpy McLarperstein capitalism only needs a state. without state largesse, there is no need for the mass of the population to participate in capitalism& only enriching the few
communism is stateless, classless workers' control & usage of the means of production
removing the need for a state is actually the ultimate goal of communism. but capitalists always stop this
There is a natural movement happening globally in an All in One 🎁Networking Platform and The True Educational Evolution is running through it ❤️🙏
"How does capitalism respond to a crisis of capitalism? By helping those most, who need help the least, and helping those least, who need help the most."
@Larpy McLarperstein capitalists don't help anyone, they just steal labor value & enrich themselves and their creditors from the sweat of non-owners desperate enough to seek wages
@Larpy McLarperstein you "practiced" capitalism in getting online & pretending to be some sort of "big player", you're a self-impressed clown and have accomplished nothing lol
if the analysis given here wasn't effective, then you wouldn't be here in the comments section wasting your time trying to poison the well & troll others
@Larpy McLarperstein you have a pea brain lol
what's important is that workers realize that state power is better in their hands than in the hands of the capitalists and profiteers
tyranny to all those who would exploit & extract value unethically within capitalism
down with private employers. down with imperialist running dogs
@Larpy McLarperstein lol, I see you're still trying to plow the sea & desperately chase some rhetorical advantage in RUclips comment sections
it's still not working out for you
@wrfhah don't argue with Larpy McLarpstein, he is probably a Zionist capitalist shill for the NWO.
Discovered your work recently and I really love everything you're doing. This show is truly invaluable work in today's world. Keep it up!
Knowledgeable, lucid, erudite. May God bless you, Dr Wolff.
So good to land here. Thank you Richard Wolff. Using Marx's Critique of Capitalism has been the only way I have been able to understand what's going on in our world. You communicate so clearly and distinctly. Stay safe. We need you around for a lot longer.
Well Mr. Wolff after yesterday you can see everything come to light with Capitalism in this country. Thank you for all of your insights and truth
Have a happy holiday, prof. I always worry about watching your content and feeling more dread. Truth is, it just assures me that I'm not crazy. That what I see is actually happening, no matter how much the media and political world ignore it.
The 2nd phase of the purging of the Middle and Working Classes.
I'd be interested to know what you see as the first and third phases.
I think it's the third gutting of America
1 Bill sent all the jobs to China
2 The 2008 crash and endless wars
3 The final gutting of the golden goose. America is dead.
@@michelleburkholder2547 for that matter, the first gutting should probably be what Reagan did - cutting taxes on corporations and vilifying government and unions.
@@michelleburkholder2547 Ah yes NAFTA
@@Redskirt First being 2008. But other commenter made good point. 3rd if you count NAFTA
Always excellent presentations, with clarity, logic and in depth knowledge of the topic. Thank you for your major contribution to help understand situations
Hi, watching from Jamaica. Love ur content.
Sensible people who been following up with the markets know that it wasn't caused by the virus. If we had a healthy economy I don't think it would be affected this much in the 1st place.
Experts not shuted down follow the logical falacies narratives
Capitalism has words for economic crashes like eskimos have words for snow, many words to describe the many encounters they have with the subject of the word
THE oligarchs
YOU HAVE BEEN OUT MANEUVERED BY THE BANKERS
ruclips.net/video/-ELQf7aBLLM/видео.html
WE ARE WAGE SLAVES IN A DEMOCRACY
The slow crash - - - Dr. Michael Hudson.
@robert felts it is like Michael Ruppert once said, "the elite make money while the economy is booming and also while it is crashing" and "and it may not be profitable to slow decline, therefore it is more profitable to accelerate decline". Let that sink in for you.
@@jamesmorton7881 Michael Hudson rules, truly (one of) the Cassandra figures of our time. Usually not a fan of these sort of copy/paste context-free proclamations but in this case I will make an enormous exception. I wish Prof.Wolff and Dr.Hudson would synthesize their expertise via public discussion to perhaps generate some consideration we haven't thought of prior, Hudson being particularly conscious of the structural box of "realism" that the capitalist business ontology imposes and intentionally looking for solutions outside of it since its limitations are precisely what brought us here.
@@Bisquick You noticed that the real state of economics has me adjitated. Thanks for responding. Merry Christmas.
I am getting Hudson's Empire and Economics: The Long History of Debt-Cancelation from Antiquity to Today.
That should halt my RUclips bombing. for a while. As a retired engineer I was shocked by the outright theft.
that erased the middle class.
Marxs was a keen observer. The most memorable pages in Das Kapital are the descriptive passages, culled from Parliamentary Blue Books, on the misery of the English working class. Marx believed that this misery would increase, while at the same time the monopoly of capital would become a fetter upon production until finally “the knell of capitalist private property sounds. The expropriators are expropriated.”
two class system, neoliberal (capitalism) KILLING the middle class
@@jamesmorton7881 you folks are more knowledgeable than I when it comes to this. What I do know is this isn't working too well and sooner or later the pitchforks will come out. Legitimate greiviances exist and must be aired out, and they will
America dont look at their own prison systems but rather focus on our provinces in Xinjiang calling it a 'Concentration camps', come on U.S. government worry about your own country.
Our cities are noted for their "concentration camps" filled with the homeless and hopeless. The rich fly over them in helicopters and "don't see" any of the misery they have created. Also, I understand that the PRC has "universal health care?" How DARE you inflict compassion and medical services upon your own people without their consent?
We are standing in our dirty glass house, bricks clutched in both hands, ready to throw at the world outside, to punish them for their "shortcomings."
We are the burned, scorched, roasted to death pot calling the World's kettle . . . black.
Yes it is pure hypocrisy, but it's not coming from the 99% . . . rather it is the product of our oligarchic kleptocracy making war on THEIR OWN PEOPLE.
No matter what else I have to say about the PRC, it appears that your leaders actually DO love and care about their own citizens, first and foremost. Completely understandable.
If only our leaders loved us even a little bit . . . but they clearly and obviously . . . don't.
我们的城市因其“集中营”而闻名，那里充满了无家可归者和绝望者。富人乘坐直升飞机飞越他们，“看不到”他们造成的任何苦难。另外，我了解到中国拥有“全民医疗保健”？未经他们的同意，您如何对自己的人民施加同情和医疗服务？
我们站在肮脏的玻璃屋里，双手紧紧抓住砖块，准备扔向外面的世界，以惩罚他们的“缺点”。
我们是被烧死，烧焦，烤死的锅，叫做世界的水壶。 。 。黑色。
是的，它纯属虚伪，但并非来自99％。 。 。相反，这是我们寡头盗贼统治对自己的人民发动战争的产物。
不管我对中国还有什么要说的，看来你们的领导人实际上确实首先是爱护和关心自己的公民。完全可以理解的。
如果我们的领导人甚至爱我们一点。 。 。但他们显然和明显。 。 。别。
US have problems doesn’t minimize your problems. I criticize both. We have concentration camps too they are just privatized.
Exactly!!
Then where is the Chinese media exposing the treatment of Uyghurs ? That’s right there is none! You want the US to concentrate on it’s own prison system while the Chinese hide theirs forcing other countries to expose their unlawful practices.
@@bingus3582 First of all, there a over 22 million people in Xinjiang so the western medias told you there a 4 million Uyhurs in the concentrate camps?, Muslims in mainland China a more safe than you think, they have mosque and Muslims restaurants around China.
Second, Why dont you mention about the Palestine people?, or the U.S. and its allies have concentration camps all across Iraq and Afghanistan, what about the one in Guantanamo Bay?, maybe you should look at your own country before you judge others.
America is a decline going to crash the end will be a revolution hell in the making Now $600 a misery of help!
dollars a llars a shame of help
Look up the sky gets farther away, we are at bottom
Glad to see the channel is growing!! 👍👍👍
I am terrified at how low the views is on this channel. The message is biased. Yet very truthfull, technically and historically proven and rooted in economic theory not idiology. Still this learning site got fewer views than the WORST cat video. Keep fighting the good fight. (From a scandinavian Trotskyte).
Prof Wolff I truly enjoy your sense of humor 😊
much love to you, prof. Wolff
Prof Wolff, you're the G.O.A.T!
thank you for getting this out there !
What a man ...what an educator...if I had him as a teacher I would be in 7th Heaven!
I stand with Bernie Sanders BECAUSE BERNIE SANDERS STANDS FOR *US!*
@Modern Mark
I supported Bernie. I phoned banked for him too but he has been co-opted by the Vichy DNC and turned into a sheepdog!
Revolution is inevitable!
Third party is a necessity!
I think only he can save the US. But most of the people are too smart to see it.
@@thalesnemo2841 You're not paying attention:
*Bernie* *Sanders*
*WON!* *WE* *Won!!!!!!!*
We got Bernie's message OUT...
>M4A!
>Tax the Rich!
>Invest in Education!
>Living Wage Legislation!
>Green New Deal!
*THE* - *GENE* - *IS* - *OUT* - *OF* - *THE* - *BOTTLE!!!*
WE WON!
Dont take my word for it; just LOOOK at what is happening in the streets!
Just LOOOOOOK at all the new Progressive candidates running for and WINNING seats in Our governance!
Don't give up! Bernie isn't! He's still fighting WITH HIS BRAIN, NOT HIS EGO!
*WE* *WON!* not me; *US!!!!!*
- Get Informed!
- Get Organized!
- Get ACTIVE!
WE are the Revolution!
WE are the Change!
The Revolution is *NOW!!!*
*GET* ` *IT* ` *ON!!!!!!!*
@@modemmark421
Wow ! You do know that there is a bridge in Brooklyn on sale!
Scratch that veneer away and you will see , if you want to , that this is all kabuki theater!
Sorry but it is!
The March 2020 Cares Act which Sanders should have placed a hold on to GET AUTHENTIC UBI @$3000/month , Medicare for All without equivocation and debt jubilee, but he did not!
Nine months later tens of millions are unemployed and in the sixty days or less up to 50 million people will be homeless, jobless, pennyless and hungry!
The overt fascists have given at least $5 trillion to the Wall Street and the other corporate forces whilst the diet fiddle and will do absolutely nothing to aid a desperate populace during a pandemic!
REVOLUTION IS INEVITABLE!
Vegetable Joe either acts boldly or will be the longest lame duck president in history!
Medicare for All at the stroke of the president’s pen!
So the president has the power independently of congress to GIVE MEDICARE FOR ALL --UNDER SECTION 1881A of the society security act !
“According to Dayen , the government has " pickled up the exorbitant healthcare costs individuals ... subject to a dangerous environmental hazard " before . Explaining the precedent , he wrote : The people of Libby , Montana population 2,628 , share something in common with the rest of the developed world , but compatriots in the United States . They all have access to a single - payer , Medicare for All system . As part of the Affordable Care Act , the residents of Libby , who were exposed to hazardous airborne asbestos from a vermiculite mine owned by the W.R. Grace Company , were made eligible for Medicare , for free , at the discretion of the Social Security Administration and the Department of Health and Human Services ( HHS ) . It was codified in Section 1881A the Social Security Act . While Section 1881A was used to protect the residents of Libby who were exposed , " through no fault of their own , " to deleterious conditions " that would trigger long - term medical complications , " Dayen noted that " the language of the statute refers to any individuals subject to an ' environmental exposure and therefore conveys a principle that could be applied more broadly .”
www.commondreams.org/news/2020/11/17/pandemic-national-emergency-biden-could-enact-medicare-all-executive-action-will-he
Section 1881A
www.ssa.gov/OP_Home/ssact/title18/1881A.htm?fbclid=IwAR0L3b-6bLyyHZOlOK27qIxd8Fjw0PtcbZsOs7tO5jADctlMdptmKWsA7c8
@Larpy McLarperstein we figured out you were a self-impressed right-wing dupe after you showed up in leftist RUclips comment sections repeatedly to get dunked on and shamed
It is funny:
I'm sitting here watching your pod cast with four cats sitting on me .
Ones that I adopted as babies from the yard and nursed them with love and health.
The cat's don't know about government but they do know about care.
Seems our government needs to know about basic care.
You are spot on about the shutdown and the lack of government caring.
Fine job Professor. Thank you for your attention to explaining difficult information to the public and time you've spent researching and filming. Happy new year hugs.
Thanks again for this clarity in your review of what we're leaving behind.
Professor Wolff, you enlighten us all!! Happy Holidays to you and your family!!
Prof wollf, happy holidays to you, always take care & god bless you amen.
19:09 "It's almost as if the whole COVID and economic crash are a process of lowering the expectations and the standards of living of the majority of the American people."
Almost. Your getting warmer !!
Same in Europe
Cheers, Wolff!
Very good analysis of the economic crisis of 2020 and private capitalism. The government refused to do the right thing during the public health crisis.
Exclent video to share!
Free Julian Assange now! True hero & truth teller to power. Don’t kill the messenger! Pardon him Please
My EDP auditing class taught by GAO manager in 1984 gave me A stated I was the most logical BEST!
''Helping the most, those who need the least, and help the least, those who need the most''
That's good old American Capitalism for you.
Thanks professor wolff on your clarity about capitalism
Thank you Dr Wolff
Another brilliant video as always!
Not only did they have total lockdown in other countries in response to the Covid pandemic, those countries governments also provided substantial financial relief to their citizens and small businesses.
I agree.
New Norm ! Rich Richer ! Poor Poorer !
To Wolff's point about the cost of storage being a major detractor because it is non-profitable. It is very similar to how the average American views Insurance. Which yes is overblown because of the for-profit motive. But even in an ideal world, the average person HATES the concept of hedging our bets because we focus too much on the cost of losing the hedge rather than the money saved by avoiding the worst-case scenario.
It's also because sometimes they can't even afford that insurance, not just because they don't like it. California mandated car insurance, but without regard to its costs relative to income. I lived in a neighborhood where more than half the people had fake insurance because they simply couldn't afford anything else, but needed a car to get to work.
Thanks DAW
THANK YOU, Sir!
I would like to see Prof Woff and Steven Pinker have a conversation. I like both.
Brilliant. Just brilliant insight.
Does anyone know what the employment rate is? How many Americans are working? You never hear that statistic.
Over 30% in diferent demogs
Perfect point on socialization of military
The government of the united states does not represent small businesses or workers and this pandemic has proved that. I really hope the working class cooperatives gain more popularity in our society. We need economic democracy like you, Richard Wolfe champions. When profits are shared among all workers our society and thus people prosper. Wealth and income inequality goes way down in this economic organization.
Should the peoples of the US decide to get rid of capitalism, I hope they don't turn to fascism instead which is a genuine worry. Fascism has a not-so-sneaky way of inserting itself as the "solution" when capitalism fails.
Dear professor;
I have two questions who I appreciate if you give a response to each.
1- Why government keeps printing money while the know is has adverse effect on economy in a long term. Does printing money really solve any problem?
2- Does printing money puts financial burden on the economy of other countries? If I’d does, how?
Thank you;
Amir Afshar
Thank you Dr.Wolff for the clarification... “ the collapse occurred before the COVID-19 crisis and not because of it “
I'd love for Professor Wolf to comment on the work of Robert F Kennedy. Because right around the 6:44 mark, one has to note that we were prepared with a vast vaccine infrastructure from multiple companies, while the 5 masks from the Post Office was canceled, and we still don't have basic and easily accessible and accurate testing which would seem to be the key thing to allow society continue as normal, whatever that normal may have been, without us all submitting to a Clear card which tracks our bio-data just to go to the grocery store. One has to admit how astonishing it is to see how quickly they can mobilize for the vaccines, but not for many of the other basic public health measures, like focusing on co-morbidities which the MSN seems to have mentioned so few times which would save thousands of lives not just from the co-morbidity from Covid, but from the actual problems (symptoms of capitalism) themselves, such as obesity, hyper tension, and diabetes. Also, the lack of acknowledgment in almost the entirety of media about the safety of vaccines, and RFK's recent quite logical insistence that if we are going to do a mass vaccination, then we should test for the known allergies people might have before giving the vaccine to hundreds of millions of people while giving the corporations who own the vaccines complete immunity (oh, the irony) from being sued for any vaccine injuries which have already started occurring? Please, Professor Wolf, can you comment on this soon, please, before we are all required to have the Card?
Dr. Wolff's 2020 Festivus! Edition
No longer consider milk & honey or land of opportunities
People still have their cell phones and internet. Until they can't afford to be plugged into the matrix of distraction and propaganda they will be pacified. Sadly, personal catastrophe is the only educator that will reach them.
And even then, what of the persistent COVID deniers on their death beds?
We need a worldwide revolution!!! Stand up and fight for youre rights like the french did in the french revolution!!!
Being prepared means having a functional health care system. One that is a single payer insurance, with profit motives taken out. Everything COVID is making people money right now.
I wish we had a communist and socialist party like I did in the 1920s and 30s that actually has political power.
Or labor party that actually could mobilize people and get them out there to "disrupt" the flow of commerce.
@4BetaMale2 unlikely to happen because the anarcho-capitalist/libertarians have now managed to brainwash even the poor and middle class into believing that capitalism is good for them. Thanks to mainstream media, and shills like Stefan Molyneaux and Jordan Peterson in the so-called "Alt-right"
Here's what's happening to me. I collected unemployment for more than 7 months and when I went to get my PUA unemployment disqualified all of the unemployment I had collected for those 7 months and then stopped paying me and said I owe them more than 28,000 dollars so I have obtained a lawyer and fortunately I have my old job back but I lost the good dayshift hours and schedule that I had before and I'm a student full time and I need to work full time to have my medical benefits although working part time is best while I'm trying to get my education. This is the catch 22 of our economic system. I'm also selling my home to move to a condo which I can buy and not owe a mortgage. I'm hoping to help out a friend who will be homeless because there's no affordable housing. I see the real estate crash coming like in 2008 but this time the banks should NOT get to benefit from people losing their homes! All of that housing should be made into low income or affordable housing. I'm looking into starting a non profit which would make this happen but I need help from others. It's an idea I have but I need the tools to do it.
They incarcerate at a high rate in America because it is free labor for the corporations who have their goods made there. I would like to see our police demilitarized and required to wear body cameras in all 50 states.
I thought you were like Dr. Banner, Professor? ALWAYS angry? We don't blame you for the occasional "Hulkout." IF ONLY Hulk would SMASH the oligarchic kleptocracy into a proper representative republic. Stan Lee would approve!
thanks
Hyvä kirja,suosittelen!!
in Germany we used the US as a bad example how to do not and at the time we are in a lookdown
We're overdue for a stock market crash also, how do you explain the booming stock market?
The first part is a thinkable analysis , nearly a perfect.
It started in the Netherlands with the VOC, the Dutch East India Company.
As usual, Prof. Wolf had explicitly explained the scenario of US economic policy. One thing for sure is the some 70 millions supporters of Trump if not the whole of the US population seem so naive in their understanding of where their nation is being moved to, by the politicians and their industrial supporters. In comparison, so many societies with lesser per capital than US are able to offer their bottom 20% a better life especially in shelter as well as basic health care. This scenario has been repeated so often that the majority of US citizens are still unable to understand the situation thus far. In such situation, can they really believe, they will resurge out of the blue? If we look at the overall scenario today, this is just a dream if US could recover in the next 2 years!
And it's worse: exploiting people in jail has become an industry, To have slaves whos food and shelter is PAID by the society but all the profits that they create are given to the private companies... what an EXTREME and terrible "solution" for social problems...
Is there a cure for the sickness of greed? At some point we will have to deal with this sickness
A Guaranteed Federal Jobs Program (a modernized WPA) could hire people to do things that are not profitable for the private sector.
When a lock and a key are the only solution they see...
Except when one is guilty and rich: then they get off Scott-free.
Shameful, but true.
This guy is probably right in what he says but he makes a dam good living telling people how bad your life is. He doesn't seem to rattle anyone's cage except those that follow him here.
What happened? The NYT (Peter S. Goodman) reported on the Erreka Group favorably (2020-12-29).
I dont think the crash has really happened yet, only when Wall St falls over will you have a complete collapse of the system. Spiraling into a Depression like nothing we have ever seen brfore.
Yep. Buy Bitcoin and buckle up!
The second part is more thinkable.
It's also worth noting that the one exception to the abolition of slavery in the 13th Amendment is prison labor. Chain gangs are very much a thing in the US and they make our corporations a ton of money.
Yes and ironically alot of those people are in jail for practicing un-regulated capitalism