I really enjoy listening to Yanis. He, and Professor Wolff are really good at taking complex economic issues and explaining them in simple terms. I hope he brings Yanis back more!
Thank you, Professor Richard Wolff, and for having Yanis Varoufakis on for this discussion with intelligence. I must also include Professor Michael Hudson and our young addition with Ben Norton. Vijay Prashad is someone else who is another great example. All should listen and learn and buy books from all of you. Thank you again, Professor Richard Wolff
I also thought of Hudson. Please have him back to discuss the way our problems were treated differently in ancient history. That would be fascinating to see the contrast of systems.
The correct way to interpret left and right has always been by economic class interest. Culture war and “values” politics is a divisive and confusing camiflage created by the rich-right-ruling class to create the illusion there’s other, “social” interests that define a nations politics, rather than the correct way to look upon it … all cultural ideology flows from the economic relations of the capitalist rich and laboring have-nots.
All the major problems in the world are caused by (a)the corrupt, wealthy-class knaves & their corrupt RW-politics, and by (b)the indecent, ignorant, working-class dupes who support the corrupt, wealthy-class knaves & their corrupt RW-politics.
@@TacticalMayo I dread to see how bad It gets. Last time it was pretty bad and nukes were flying at the end. Now we got to the point where they may fly at the beginning. With that + drones + climate + military ai + ...
what ? he didnt say anything real. its no different than saying someone dislikes you because of skin color, react react react ! no no . hes not giving you answers ,hes playing people for fools.
@@TheShepherdsChapelChannel OK, is there something realistic and uplifting that you think he should have said? Or anything. To me he sounds realistically pessimistic. Today.
@@TheShepherdsChapelChannel A throwaway account with no profile pic or even a single public playlist. Why should anyone trust anything you say? Not saying I'm particularly trust-worthy, but at least I'm not hiding behind anonymity. For all we know, you could be a bot or someone is simply paying you to be obstinate. How do we know that you're real?
Yanis Varoufakis is always an interesting voice to listen to when it comes to global economics. His background as an economist and former Greek finance minister gives him a unique perspective on financial crises, particularly with his focus on capitalism, inequality, and the political economy.
Varoufakis often emphasizes the increasing complexity of the global economy, and how the intersection of politics and finance is more influential than ever. He is particularly insightful on issues like the instability caused by global debt, income inequality, and the impact of technology on jobs
Yeah, If you're someone concerned about long-term economic trends, his analysis might validate concerns about inflation, economic bubbles, and geopolitical risks. His take on how central banks and governments interact can be very informative for understanding global market movements.
On the flip side, Varoufakis's perspective can sometimes be seen as quite radical, especially when he critiques capitalism and promotes ideas like the democratization of finance. for investors who believe in traditional economic models, his ideas may come across as too pessimistic or overly theoretical
some of his critiques may lead people to question the entire economic system, which can foster uncertainty and a lack of confidence in traditional investments. He also tends to focus heavily on risks, which can make his outlook seem overly negative or even alarmist to some
@ 🤣No. I received an inheritance recently and wanted to help out one of my favorite channels. Guess it would be weird for a wealthy person to be watching a Marxist economist! 🤣🤣
I need an hour of Yanis and Richard at least every month, if not every 2 weeks. Seriously, monthly global updates with these two would be absolutely golden!
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Having an investment advisor is currently the best way to approach the stock market. I was going alone, but it wasn't working. I've been working with an advisor for a while now, and last year, I achieved over 85% capital growth minus dividends
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
PLz plz bring him back for a longer version of it which will definitely get a lot of newer insights on what's happening in the world today. Would love to hear more of this.
I enjoy listening your point of view You make complicated subjects very simple and singular point So anyone can understand . Thanks professor Richard ❤
I worked as a motel housekeeper during the summer when I was in college in the mid-80s. (Then we were called "maids.") Later I cleaned houses for awhile. Good exercise. Lousy pay. Filthy job. People can be pigs. Grown men who are drunk pee the bed. People let their kids trash the rooms. Food is left around to rot in rooms that decline maid service during multiple day stays. In those days, people smoked in the rooms. Virtually NOBODY tipped. On the rare occasions when I stay in motels/hotels, I tip. Always. And I leave my room clean and with all my trash in the receptacles and no ugly surprises for the cleaners to find. Please do the same.
I find the lack of civility one of the most worrisome things. The simple consideration for those around us - seen and unseen. I absolutely take my hat off to those who work in any form of service role.. and whenever I can I let those who have looked after me or my family, know that I at least see another human being no different than me.. I keep saying it: We are all in this together.
wow I thought everyone always tipped. my parents would tip $1 and we would add some change, after we thought about how messy it was. I also know several people who clean and tidy everything because they would somehow be embarrassed knowing they maid would see anything less.
@@alandoane9168 wtf, you can just smoke outside, and you get charged extra! They only thing that makes sense to me about these stories is drugs. They're the only people I know who would do that.
Thank you so much for this insightful discussion. I was one of those who emailed Charlie with a suggestion for another video by these two legends, so I'm thrilled to see that they did make it happen! You are both excellent teachers because of how consistently you provoke my curiosity, thank you🙏! Keep up the great work!
Love Yanis, a true internationalist who refuses to sacrifice minorities, fellow member's of the international working class on the altar of western populism. Solidarity.
you have no idea man, he is all talk. Have you ever heard of a successful debt negotiation that starts off by the debtor acknowledging the debt by continuing to pay it? Well that is what the great Yannis did as a finance minister, first he accumulated all the cash reserves of the Greek state, to continuing paying off a IMMORAL and FAKE debt, while he was pretending to negotiate about it. The result of this "negotiation" was the third and worst package of measures for the Greeks, by privetising everything public in Greece which of course was passed for close to nothing to the local and foreign OLIGARCHS he is so flamboyant about.. At the same time HIM and HIS GOVERNMENT enforced what was then called "capital controls" on our banks, what actually was a looong banking holiday to prevent access to the greek people to their money, while in the same time hundreds of billions were leaving the same banking system somehow mysteriously, by the local "big players" and going abroad . This was actually a psy-op against the greek people voting NO to the oncoming referendum about new austerity and privatisation measures accompanied with more loans... And of course when the Greek people didnt succumb and said NO with OVER 62%, the whole banker puppet political system of Greece proceeded to a political coup, by crapping on our Constitution and FORCING the opposite of what they vote to the people. The guy is a total fake and a system puppet, the more sb screams out his political identity like yianis does (marxist, progressive, leftis, blah, blah), its actually because he is trying to convince himself, simple basic psychology....
@@Surbatron yes, he is a very good performer that's true. So we are supposed to forget all the setup he was part of, just because of a resignation. No man, one day he will be tried for TREASON. Actually and to be fair, ALL political parties that have been governing since the first memorandum in 2010, must sit on a trial for treason , according to the Greek Constitution, AND Greek Criminal Law, and whole ld be sentenced accordingly. That's what none of these puppets ever dared to bring the matter of legitimacy of memorandums and the greek debt to criminal courts in Greece , and have been vigorously blocking such attempts by other non parliamentary parties and individuals. Thats why all of them have agreed to bypass the greek judiciary system when it comes to the legitimacy of the debt, and have unlawfully signed all debt claims to be processed by British Law which of course is always in favor of the creditor, as no sovereign state rules apply there. Hundreds of such lawsuits have been put on hold by the corrupt judiciary system who's heads are appointment by the corrupt governments. I know this all sounds "wow" to anyone that hasn't really understood or is misinformed of what happened in Greece, but most Greeks know buy now, if not with such details. And the time will come that these people will pay for giving out their country to the internationalist bankers, and genociding their people through impoverishment...
Thankyou Mr Hedges, this is the only ticket speaking truth. Yes, I prayed for a platform like Bobby's in the 70's, but each side is giving a wink and a nod to netanyau! I cannot! I voted for Stein and took a lot of heat from friends and family... however, I vote AND keep my soul intact.
Yanis Varoufakis is like tightrope walking. Never look down - just straight ahead no matter what. The most depressing part is that international relations, statesmanship, global economics, and "Cloud" finance are nowhere in the American election cycle. Yes, expenditures in Ukraine and cash-dumping to keep Zionists afloat are issues, but they hang with the Independent voters. American just don't seem to get it! Great stream, Professor Wolfe, and excellent guest choice as always.
My two favorites Richard Wolff and Yanis Varoufakis together. Awesome! As Yanis said at the end, it's about class war. This is the root of it. Hasn't it always been, though, throughout history?
@@jgalt308 Could you elaborate a bit on your comment? I will express my point of view in the hope that you will therefore clarify the comment. I have long believed that the existence of class concepts is something that prevents solving problems. I do not know, at the same time, whether these concepts were introduced by mistake or maliciously.
@@milanperisic2885 I guess the understanding is dependent on how far back in history you go and to what extent you can see the development of dominant hierarchies and the evolution of the structures that support them or compete with them. If we lay Ravi Batra's development cycles on top of this...1.) agriculture 2.) military 3.) mystics, and 4. ) acquisition combined with Graeber's and Hudson's explanations about the instability of the earliest credit-based systems of centralized populations, whose survival was entirely dependent on harvests good or bad, and the debt forgiveness that was required for those engaged in food production, or the risk of losing control by those who were at the top of the hierarchy, as these centralized populations were essentially isolated, then one can see the effects of "the ruling class" wanting to eliminate this "instability" by acquiring the needed resources by other means. ( hence the rise of "empires" beginning with the Assyrians circa 900 BCE to 600 BCE. ) Batra pinpoints the end of the first cycle...in Western European culture with the fall of Rome...although this is still "agriculturally" dependent...and the "wealth acquisition" by individuals is still directly tied to the competition for the "control" of the "government"...so while there are various "support structures" on which the controlling factions are dependent...and they have been expanded, this is still essentially a two-class system...the ruling class and those ruled by it. (One could easily substitute Management for "ruling" and Working, as well as any subordinate support hierarchies in the ruled class. ) The advent of "industrial capitalism" alters this structure by allowing the acquisition of wealth utterly independent of government...although still subject to the FORCE that can be brought to bear against it and the fact that the "financial class" ( rentier ) managed to achieve separation from "government" ( central banks ) that were enticed and now forced to act in collusion with it. (Although still retaining the element of FORCE, and since both are essentially non-productive yet mutually dependent, the continued expansion of both must trigger an eventual collapse at some point. ) This is still a ruling and ruled class system, although the stratification of the "ruled" or "working class" is now based on "income,"...which serves as a convenient distraction to mask the reality, as the "decline" acts as a leveler, as more and more people find themselves "distressed" as it catches up with them. This distraction has led to innumerable factions with specific grievances as being responsible for their fate inadvertently serving the interests of the "status quo" while minimizing the costs of maintaining it so its continuation, regardless of intent, is NOT the solution. The conversation that needs to be had is about determining what is, in fact, productive and what is not, and it is not one that most are ready for. When the idea of "entitlement" is considered, although no one can identify its source or who will be its provider, it seems improbable that this will happen any time soon. .
@@milanperisic2885 opps, it appears that the detailed response will not be allowed to appear as a single post...so I shall attempt the "twitter trickle method"...my apologies.
@@milanperisic2885 I guess the understanding is dependent on how far back in history you go and to what extent you can see the development of dominant hierarchies and the evolution of the structures that support them or compete with them.
tell that to the greek people that he fucked up on the process. Take out the fancy persona he is dragging around, and find out what he actually did or hasnt done while in office, berore, and after that, and your world may shutter.
I came across your channel through this video- case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've builta six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 10Ok to test the waters now that large cap stocks are at a discount
I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Martha Ann Hammerton, has been an amazing experience.
Wow. I'm a bit perplexed seeing her been mentioned here also Didn't know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
@@murraykilpatrick3029 No quick answer to your question. Values change over time but even in youth I was never an idealist, and I view society as an abstraction of lower value than the individual. At 73 years of age I lived through the main period of communist government and it was always stagnant and corrupt. Socialism always ends up with incompetent people running the show and a de facto class system where the Party is the new and unaccountable Upper Class. I now live in socialist South Africa and nothing is any different. The country has not been developed in any way since they took over, they simply run the existing infrastructure into the ground. The electricity grid is subject to demand reduction since they will not expand the infrastructuepre, and water supply will be the next to collapse. The ministers involved are totally unqualified and the civil service has been replaced with similarly unqualified stooges from the same party. So I suppose my answer is that I have seen socialism always fail and it sacrifices the individual to someone else# idea of what is good for society. I appreciate quality minds. Wolf is a mine of information and is systematic in putting it together, our Greek friend is really sharp if not always totally honest with some of the facts. He has an agenda to push more strenuously than Wolf, who is more subtle. I hope that gives you some idea wher I am coming from. In some ways I suppose I could be described as libertarian. Cheers.
More & more decent working-class people are starting to comprehend the truth. All the problems in the world are cause by (a)the indecent, corrupt, wealthy-class knaves & their indecent, corrupt, RW-politics, and by (b)the indecent, ignorant, working-class dupes who support the corrupt wealthy-class & their corrupt RW-politics.
@@jgalt308 How about you engage with the contents of video and the arguments brought forward? Your platitudes and those of your ilk are meaningless. Red scare bullshit generalizations that have been debunked a billion times.
Did you Americans hear what he said? Americans will nuke themselves. This world be hilarious if it wasn't so very true 🤣. I have nothing but love and respect and admiration for Richard you sir are the Master at explaining this economic scam we all comply with. Peace ✌️ brothers and sisters
Just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
"...the United States itself will nuke itself if it needs to do it in order to preserve its dollar monopoly..." without hesitation. Thank you Mr. Varoufakis for voicing this astute insight. The evidence is Ukraine, Gaza, Syria, Afghanistan, Iraq, Cuba, Venezuela... the list goes on. Best wishes.
Been of blue collar worker background, I find it refreshing to hear a left intellectual speak about workers conditions/ positions etc. Far from the identity politics which the constitutional left/pro globalist/ pro pubic private partnership rip off/ politicians over here in Ireland are consumed in.
What a wonderful day after Sunday. Varoufakis and Richard D. Wolff. The only thing I could wish for is two hours of Varoufakis, Wolff and John Ralston Saul moderated by Paul Krugman. 😜😜
Paul Krugman? He is just a joke now! Paul had thrown basic economic sense into the garbage dump when arguing for the Democrats, not matter how senseless economic decisions that the Democrats had made! Paul Krugman is now an American politician and not an economist.
I don't know about J. R. Saul, but Krugman is out of place in this company. I've heard him described as a "human face of neoclassical economics". Still neoclassical. Wolff doesn't agree with him at all.
@@Hexanitrobenzene John Ralston is a Socratic philosopher and two-time head of PEN International and says Western Economics is insane. He is the UnKrugman and Marx is an anathema to Saul's anti-European paradigm . Saul studied European Economic history at Oxford as graduate studies. He is a worthy challenger to Varoufakis and Wolff and Krugman could only moderate because of his limited American understandings. I have great respect for Krugman and greater respecter respect for Varoufakis but John Ralston Saul is still a prophet.
Here in Norway, basically all labour unions negotiate the collective agreement every second year. On off-years there are wage adjustment negotiations. 51% of workers are in a union. Half of unionized workers are members of a union represented by the largest trade union confederation (24% of workers). Workers have much better leverage when a huge portion of all workers in the country negotiate at the same time
Interesting Professor Wolf. And good luck to the hotels workers. Just a few questions. 1. Are there some hotels with better conditions, and better service? 2. Can the workers get better jobs elsewhere? Labour market has been strong recently. 3. Can the unions buy a hotel and start a union business, to teach the business people how to run a business? Pay better conditions, employ lots more workers, give more time off less demanding jobs? And win more customers z who like better service and higher prices? 4. Will the hotels suffer financially if they don't improve pay and conditions?
There’s always a problem of N=1. Most capitalists will refuse to adopt a new paradigm just because 1 (or only a few) example of success. Especially if they’re making bank on the old paradigm!
Absolute breath of fresh air. It's commendable the way you simplify these difficult issues into ways that are easily digestible by the masses, Prof. Wolff. It's content like this that gives me hope for the future.
Tell us more about the books. I have purchased books recently that were produced in print so small said books were barely readable. For me, they were unreadable. Make samples available for appraisal. Thanks.
I love the grounded reality of this channel!!! Retirement took a toll on my finances, but with my involvement in the digital market, $27,000 weekly returns has been life changing. POSITIVE ENERGY !!!
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸 🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.
![Global Capitalism: China vs. US - System Rising vs. Falling [September 2022]](/img/1.gif)
I really enjoy listening to Yanis. He, and Professor Wolff are really good at taking complex economic issues and explaining them in simple terms. I hope he brings Yanis back more!
Thank you, Professor Richard Wolff, and for having Yanis Varoufakis on for this discussion with intelligence.
I must also include Professor Michael Hudson and our young addition with Ben Norton. Vijay Prashad is someone else who is another great example.
All should listen and learn and buy books from all of you.
Thank you again, Professor Richard Wolff
I also thought of Hudson. Please have him back to discuss the way our problems were treated differently in ancient history. That would be fascinating to see the contrast of systems.
Also all learn from each other and beware of sly characters who try to slip wedges among you.
Ehhh I don’t like Ben Norton. He often praises Libya and Gaddafi because they are anti America.
Thank u, Dr.Wolff💘
Thank you, Yanis 💕
Yanis also have a PhD (Doctoral Degree in Economics)
Yanks will get nowhere as long as he continues to support massive immigration.
It's not left versus right. It's the 99% versus the 1%. That's CORRECT.
Bascically, that's the same thing. The left is pro-working class, the right is pro-ruling class. See how that works?
There are literally no good people on the right and no people on the right, by definition, are for the 99%. Believing any are is pure brainrot.
The correct way to interpret left and right has always been by economic class interest. Culture war and “values” politics is a divisive and confusing camiflage created by the rich-right-ruling class to create the illusion there’s other, “social” interests that define a nations politics, rather than the correct way to look upon it … all cultural ideology flows from the economic relations of the capitalist rich and laboring have-nots.
tax laws always progressed to reducing taxes for the rich.
All the major problems in the world are caused by (a)the corrupt, wealthy-class knaves & their corrupt RW-politics, and by (b)the indecent, ignorant, working-class dupes who support the corrupt, wealthy-class knaves & their corrupt RW-politics.
I love how Yannis tells it like it is. "Do you have any bit of good news for us?" "Err... nope."
You think that's something. Wait till you see how bad it gets.
It sure does feel like that. European ruling class is consistently picking worst possible choices they could
@@TacticalMayo I dread to see how bad It gets. Last time it was pretty bad and nukes were flying at the end. Now we got to the point where they may fly at the beginning. With that + drones + climate + military ai + ...
@@juliahenriques210 this is going to be worse than all of that. This is going to be something like never seen before and never to be seen again.
@@juliahenriques210 the internet of bodies, where they can dial up anything in your body, the w. ar is on us.
Thank you for inviting Yanis V. We always love to hear his always honest and direct answers and his perspectives. Long Live Yanis!
Thank you. A very insightful and informative conversation. Yanis Varoufakis new book is superb.🍃
A healthy dose of realism from Yanis.
what ? he didnt say anything real. its no different than saying someone dislikes you because of skin color, react react react ! no no . hes not giving you answers ,hes playing people for fools.
@@TheShepherdsChapelChannel OK, is there something realistic and uplifting that you think he should have said? Or anything. To me he sounds realistically pessimistic. Today.
@@TheShepherdsChapelChannel A throwaway account with no profile pic or even a single public playlist. Why should anyone trust anything you say? Not saying I'm particularly trust-worthy, but at least I'm not hiding behind anonymity. For all we know, you could be a bot or someone is simply paying you to be obstinate. How do we know that you're real?
@DLeo14 So you’re a real cat that wears glasses?
Not about immigration, which is why he’s going nowhere.
That's the boys of the time , love you both keep speaking without fear or favour 🙏
Yanis Varoufakis is always an interesting voice to listen to when it comes to global economics. His background as an economist and former Greek finance minister gives him a unique perspective on financial crises, particularly with his focus on capitalism, inequality, and the political economy.
Varoufakis often emphasizes the increasing complexity of the global economy, and how the intersection of politics and finance is more influential than ever. He is particularly insightful on issues like the instability caused by global debt, income inequality, and the impact of technology on jobs
Yeah, If you're someone concerned about long-term economic trends, his analysis might validate concerns about inflation, economic bubbles, and geopolitical risks. His take on how central banks and governments interact can be very informative for understanding global market movements.
On the flip side, Varoufakis's perspective can sometimes be seen as quite radical, especially when he critiques capitalism and promotes ideas like the democratization of finance. for investors who believe in traditional economic models, his ideas may come across as too pessimistic or overly theoretical
some of his critiques may lead people to question the entire economic system, which can foster uncertainty and a lack of confidence in traditional investments. He also tends to focus heavily on risks, which can make his outlook seem overly negative or even alarmist to some
That’s interesting! How does this kind of economic analysis impact investment decisions? Could an advisor help in navigating these kinds of concerns?
Thanks Richard. Thank you Yanis.
Thank you as always professor
Are you rich?
@ 🤣No. I received an inheritance recently and wanted to help out one of my favorite channels. Guess it would be weird for a wealthy person to be watching a Marxist economist! 🤣🤣
I've been waiting for this match up. Two of my favorite colleagues.
Thank you proff Wolff & Yanis! Very good presentation 👍👍
I need an hour of Yanis and Richard at least every month, if not every 2 weeks. Seriously, monthly global updates with these two would be absolutely golden!
Chan nel dialogue works features a Wolff/Hudson hourlong session every couple of weeks. Awesome stuff!
@@Phuckitall I know, I listen to each and every one of them haha!
Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.
Consider hiring financial advisors, estate planners or tax experts. They can provide specialized knowledge and help you navigate complex financial decisions.
Having an investment advisor is currently the best way to approach the stock market. I was going alone, but it wasn't working. I've been working with an advisor for a while now, and last year, I achieved over 85% capital growth minus dividends
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Sophia Maurine Lanting who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
she actually appears to be well-read and educated. I just did a Google search for her name and found her webpage, I appreciate you sharing
Thanks so much to you Richard and Yanis, knowledge is power ❤❤
PLz plz bring him back for a longer version of it which will definitely get a lot of newer insights on what's happening in the world today. Would love to hear more of this.
There ain't never going to be a longer version...the "profits" from Wolff's
massive book sales are insufficient to "finance" such luxury.
@@jgalt308 We can always hope that it happens. Who knows.
Thanks Mr Wolff for the updates and you Guest Mr Yunis
Thank you Professor Wolff and Mr Varoufakis for your enlightening conversation!
Richard Wolff and Yanis Varoufakis on the same show!?!? This is like the Avengers Infinity War of economic updates! Please bring him back!
Don't forget professor Jeffrey Sachs...
Wow. Mr, Varoufakis. Thank you, esteemed people and economists.
I enjoy listening your point of view
You make complicated subjects very simple and singular point
So anyone can understand .
Thanks professor Richard ❤
I worked as a motel housekeeper during the summer when I was in college in the mid-80s. (Then we were called "maids.") Later I cleaned houses for awhile. Good exercise. Lousy pay. Filthy job. People can be pigs. Grown men who are drunk pee the bed. People let their kids trash the rooms. Food is left around to rot in rooms that decline maid service during multiple day stays. In those days, people smoked in the rooms.
Virtually NOBODY tipped.
On the rare occasions when I stay in motels/hotels, I tip. Always. And I leave my room clean and with all my trash in the receptacles and no ugly surprises for the cleaners to find. Please do the same.
I find the lack of civility one of the most worrisome things. The simple consideration for those around us - seen and unseen.
I absolutely take my hat off to those who work in any form of service role.. and whenever I can I let those who have looked after me or my family, know that I at least see another human being no different than me..
I keep saying it:
We are all in this together.
People still smoke, even in non-smoking rooms. It's disgusting.
wow I thought everyone always tipped. my parents would tip $1 and we would add some change, after we thought about how messy it was.
I also know several people who clean and tidy everything because they would somehow be embarrassed knowing they maid would see anything less.
@@alandoane9168 wtf, you can just smoke outside, and you get charged extra!
They only thing that makes sense to me about these stories is drugs. They're the only people I know who would do that.
me too....When I leave my hotel room I want that room to look like human left not animal
Always great wisdom from these two
¡Tu explicación sobre el análisis de mercado es increíblemente útil! ¡Gracias por todo!
What a real pleasure it is to hear two intelligent people discuss the issues of the day without the usual capitalist propaganda. Thank you!
Two if my heroes in the same podcast. Thank you so much!
Great Mr Varoufakis as always .... thank you Gentlemen
Love you, Prof Wolff. You're one of the good guys.
Great, thank you for inviting Yanis to the programme as always.
Thank you so much for this insightful discussion. I was one of those who emailed Charlie with a suggestion for another video by these two legends, so I'm thrilled to see that they did make it happen!
You are both excellent teachers because of how consistently you provoke my curiosity, thank you🙏! Keep up the great work!
Love Yanis, a true internationalist who refuses to sacrifice minorities, fellow member's of the international working class on the altar of western populism. Solidarity.
*altar
you have no idea man, he is all talk. Have you ever heard of a successful debt negotiation that starts off by the debtor acknowledging the debt by continuing to pay it? Well that is what the great Yannis did as a finance minister, first he accumulated all the cash reserves of the Greek state, to continuing paying off a IMMORAL and FAKE debt, while he was pretending to negotiate about it. The result of this "negotiation" was the third and worst package of measures for the Greeks, by privetising everything public in Greece which of course was passed for close to nothing to the local and foreign OLIGARCHS he is so flamboyant about.. At the same time HIM and HIS GOVERNMENT enforced what was then called "capital controls" on our banks, what actually was a looong banking holiday to prevent access to the greek people to their money, while in the same time hundreds of billions were leaving the same banking system somehow mysteriously, by the local "big players" and going abroad . This was actually a psy-op against the greek people voting NO to the oncoming referendum about new austerity and privatisation measures accompanied with more loans... And of course when the Greek people didnt succumb and said NO with OVER 62%, the whole banker puppet political system of Greece proceeded to a political coup, by crapping on our Constitution and FORCING the opposite of what they vote to the people.
The guy is a total fake and a system puppet, the more sb screams out his political identity like yianis does (marxist, progressive, leftis, blah, blah), its actually because he is trying to convince himself, simple basic psychology....
@@77vavavoom He quit the Sirza Gov in protest when it ignored its own referendum.
@@Surbatron yes, he is a very good performer that's true. So we are supposed to forget all the setup he was part of, just because of a resignation. No man, one day he will be tried for TREASON. Actually and to be fair, ALL political parties that have been governing since the first memorandum in 2010, must sit on a trial for treason , according to the Greek Constitution, AND Greek Criminal Law, and whole ld be sentenced accordingly. That's what none of these puppets ever dared to bring the matter of legitimacy of memorandums and the greek debt to criminal courts in Greece , and have been vigorously blocking such attempts by other non parliamentary parties and individuals. Thats why all of them have agreed to bypass the greek judiciary system when it comes to the legitimacy of the debt, and have unlawfully signed all debt claims to be processed by British Law which of course is always in favor of the creditor, as no sovereign state rules apply there. Hundreds of such lawsuits have been put on hold by the corrupt judiciary system who's heads are appointment by the corrupt governments. I know this all sounds "wow" to anyone that hasn't really understood or is misinformed of what happened in Greece, but most Greeks know buy now, if not with such details. And the time will come that these people will pay for giving out their country to the internationalist bankers, and genociding their people through impoverishment...
Glad i found this channel. Thank you for your comments and your refreshing rational approach to all the crazyness going on
Yanis Varoufakis is an intelligent, conscientious, eloquent man, we should give him more air time to educate the world
"Collective organization to be treated properly." Prof Wolff sums it up nicely. Thank you for another insightful Econ. Update.
Two of my heroes!!
Thankyou Mr Hedges, this is the only ticket speaking truth. Yes, I prayed for a platform like Bobby's in the 70's, but each side is giving a wink and a nod to netanyau! I cannot!
I voted for Stein and took a lot of heat from friends and family... however, I vote AND keep my soul intact.
the ability to ask consice and relevant questions is an art that few master...
Yanis Varoufakis is like tightrope walking. Never look down - just straight ahead no matter what. The most depressing part is that international relations, statesmanship, global economics, and "Cloud" finance are nowhere in the American election cycle. Yes, expenditures in Ukraine and cash-dumping to keep Zionists afloat are issues, but they hang with the Independent voters. American just don't seem to get it! Great stream, Professor Wolfe, and excellent guest choice as always.
My two favorites Richard Wolff and Yanis Varoufakis together. Awesome! As Yanis said at the end, it's about class war. This is the root of it. Hasn't it always been, though, throughout history?
Too bad he doesn't know what the classes are.
@@jgalt308 Could you elaborate a bit on your comment? I will express my point of view in the hope that you will therefore clarify the comment. I have long believed that the existence of class concepts is something that prevents solving problems. I do not know, at the same time, whether these concepts were introduced by mistake or maliciously.
@@milanperisic2885 I guess the understanding is dependent on how far back in history
you go and to what extent you can see the development of dominant hierarchies and the evolution
of the structures that support them or compete with them.
If we lay Ravi Batra's development cycles on top of this...1.) agriculture 2.) military 3.) mystics, and 4. ) acquisition
combined with Graeber's and Hudson's explanations about the instability of the earliest credit-based
systems of centralized populations, whose survival was entirely dependent on harvests good or bad, and the debt
forgiveness that was required for those engaged in food production, or the risk of losing control by those
who were at the top of the hierarchy, as these centralized populations were essentially isolated, then one
can see the effects of "the ruling class" wanting to eliminate this "instability" by acquiring the needed resources
by other means. ( hence the rise of "empires" beginning with the Assyrians circa 900 BCE to 600 BCE. )
Batra pinpoints the end of the first cycle...in Western European culture with the fall of Rome...although this is
still "agriculturally" dependent...and the "wealth acquisition" by individuals is still directly tied to the competition
for the "control" of the "government"...so while there are various "support structures" on which the controlling
factions are dependent...and they have been expanded, this is still essentially a two-class system...the ruling
class and those ruled by it. (One could easily substitute Management for "ruling" and Working, as well as any
subordinate support hierarchies in the ruled class. )
The advent of "industrial capitalism" alters this structure by allowing the acquisition of wealth utterly
independent of government...although still subject to the FORCE that can be brought to bear against it and the fact
that the "financial class" ( rentier ) managed to achieve separation from "government" ( central banks ) that
were enticed and now forced to act in collusion with it. (Although still retaining the element of FORCE, and since both are
essentially non-productive yet mutually dependent, the continued expansion of both must trigger an eventual collapse
at some point. )
This is still a ruling and ruled class system, although the stratification of the "ruled" or "working class"
is now based on "income,"...which serves as a convenient distraction to mask the reality, as the "decline"
acts as a leveler, as more and more people find themselves "distressed" as it catches up with them.
This distraction has led to innumerable factions with specific grievances as being responsible for their
fate inadvertently serving the interests of the "status quo" while minimizing the costs of maintaining it
so its continuation, regardless of intent, is NOT the solution.
The conversation that needs to be had is about determining what is, in fact, productive and what is
not, and it is not one that most are ready for. When the idea of "entitlement" is considered,
although no one can identify its source or who will be its provider, it seems improbable that this
will happen any time soon.
.
@@milanperisic2885 opps, it appears that the detailed response will not be allowed
to appear as a single post...so I shall attempt the "twitter trickle method"...my apologies.
@@milanperisic2885 I guess the understanding is dependent on how far back in history
you go and to what extent you can see the development of dominant hierarchies and the evolution
of the structures that support them or compete with them.
2 of the smartest people in their field. This is gonna be interesting
oh yes..I.can't miss this one!
Yanis is a true hero for humanity.
So many heroes, so little intelligence!
tell that to the greek people that he fucked up on the process. Take out the fancy persona he is dragging around, and find out what he actually did or hasnt done while in office, berore, and after that, and your world may shutter.
@@77vavavoom ok AIPAC
@@hanihani8612 huh? Wtf r u talking about?
I came across your channel through this video-
case studies are incredibly valuable, and I'm eager
to see more in the future! Building wealth involves
establishing routines, like consistently setting aside
funds at regular intervals for smart investments.
You're correct. I think the smartest way to go is
to spread out your investments. By putting
your money into different asset classes like
bonds, real estate, and stocks from other
countries, you can lower the risk if one part of
the market goes bad.
That sounds like a good plan. In the past two
years, working closely with a financial market
specialist, I've builta six-figure diversified
stock portfolio. Now, I aim to diversify even
more this year.
Talking about a financial market specialist, do
you consider anyone worthy of
recommendations? I have about 10Ok to test
the waters now that large cap stocks are at a
discount
I operate a wide- range of Investments
with help from My Financial Adviser. My advice
is to get a professional who will help you, plan
and enhance your management skills. For the
record, working with Martha Ann Hammerton,
has been an amazing experience.
Wow. I'm a bit perplexed seeing her been mentioned
here also Didn't know she has been good to so many
people too this is wonderful, I'm in my fifth trade with
her and it has been super.
Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.
Things are strange right now. The US dollar is becoming less valuable because of inflation, and other powerful nations waking up to trade in their own currencies. Good thing is, a lot of people still turn to the Dollar because of the safety is somehow assures. I'm worried about my retirement savings of about $420,000 losing value because of these factors and more. Where else can we keep our money?
I've been in touch with a financial advisor ever since I started my business. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
Carol Vivian Constable is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment..
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes.Thanks
Thank you for bringing up the plight of the hotel workers - all workers are paid wages that can only result in impoverishment.
Enhorabuena Sr. Necesitamos muchas personas como usted, Felicidades por su canal ❤
I've only just discovered the excellent Richard D. Wolff and subcribed. A case of "Better late than never".
Excellent content
The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the US dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.
Financial consultants can help by recommending investments that outpace inflation, such as real estate or certain stocks. A client of mine followed this strategy and saw their savings grow by 15_% in just two years, effectively countering inflation.
That makes sense. Unlike us, you seem to have the market figured out. Who is your fiduciary?
I usually go with registered representative; Zachery M Demers, He provides a more grounded approach, looking at factors like market demand, regulatory changes, and adoption trends. This approach enable to make informed decisions rather than solely relying on emotional market dynamics
he often interacts on Telegrams
@Zachfinance
Keep up the good work!
Very nice discussions Wolff sir appreciate.
He explains simply and clearly and that`s brilliant.
I am neither marxist nor socialist, but I do enjoy these two and their insights. Excellent brain food even if my heart does not align with theirs.
I am a registered Libertarian.
that said, I agree that the dude makes some great points and well worth the listen.
Then u don’t get what they r bec they r the most stable and better overall for a nation and its labor force.
Why are you not aligned with them? I'm not attacking you. Just curious about your thought train and values?
Aw, isn't that nice! I find Rodney King and Kermit the Frog equally compelling,
and one doesn't have to waste any more time on them.
@@murraykilpatrick3029 No quick answer to your question. Values change over time but even in youth I was never an idealist, and I view society as an abstraction of lower value than the individual. At 73 years of age I lived through the main period of communist government and it was always stagnant and corrupt. Socialism always ends up with incompetent people running the show and a de facto class system where the Party is the new and unaccountable Upper Class.
I now live in socialist South Africa and nothing is any different. The country has not been developed in any way since they took over, they simply run the existing infrastructure into the ground. The electricity grid is subject to demand reduction since they will not expand the infrastructuepre, and water supply will be the next to collapse. The ministers involved are totally unqualified and the civil service has been replaced with similarly unqualified stooges from the same party.
So I suppose my answer is that I have seen socialism always fail and it sacrifices the individual to someone else# idea of what is good for society.
I appreciate quality minds. Wolf is a mine of information and is systematic in putting it together, our Greek friend is really sharp if not always totally honest with some of the facts. He has an agenda to push more strenuously than Wolf, who is more subtle. I hope that gives you some idea wher I am coming from. In some ways I suppose I could be described as libertarian. Cheers.
Did democracy at work just break past 400k? Woohoo! 🎉
Wow, that free victim B.S. really sells, don't it?
More & more decent working-class people are starting to comprehend the truth. All the problems in the world are cause by (a)the indecent, corrupt, wealthy-class knaves & their indecent, corrupt, RW-politics, and by (b)the indecent, ignorant, working-class dupes who support the corrupt wealthy-class & their corrupt RW-politics.
@@jgalt308wtf does that even mean lmao
@@sirdook2761 It means you have no clue what the messaging of this site is,
what it costs, or the use of sarcasm.
@@jgalt308 How about you engage with the contents of video and the arguments brought forward? Your platitudes and those of your ilk are meaningless. Red scare bullshit generalizations that have been debunked a billion times.
Love you guys. Heart and intellect.
Did you Americans hear what he said? Americans will nuke themselves. This world be hilarious if it wasn't so very true 🤣. I have nothing but love and respect and admiration for Richard you sir are the Master at explaining this economic scam we all comply with. Peace ✌️ brothers and sisters
Yes the rich would nuke us the poor and flee to space.
Hit 110k last week, lost over 14k today
Just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it's ripe enough, but Is this a good time to buy stocks? How long until a full recovery How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.
I agree that there are strategies that could be put in place for solid gains regardless of economy or market condition, but such executions are usually carried out by investment experts or advisors with experience
Well as you know bigger risk, bigger results, but such impeccable high-value trades are often carried out by pros.
Making touch with financial advisors like Nancy Michael who can assist you restructure your portfolio would be a very creative option.
Is her service available outside of the US? As her portfolio and stock market is registered in the US
"...the United States itself will nuke itself if it needs to do it in order to preserve its dollar monopoly..." without hesitation. Thank you Mr. Varoufakis for voicing this astute insight. The evidence is Ukraine, Gaza, Syria, Afghanistan, Iraq, Cuba, Venezuela... the list goes on. Best wishes.
why'd they reach for their number one spot? Now everyone has to deal with what comes with that.
the 1 minute 59 sec video ''George Carlin - The Real Owners of This Country'' by DocumentaryArchive
Yanis push back is sharp and I would even say brutal, and I love it, give a whole new perspective on top of Wolff's commonly stated points.
Been of blue collar worker background, I find it refreshing to hear a left intellectual speak about workers conditions/ positions etc. Far from the identity politics which the constitutional left/pro globalist/ pro pubic private partnership rip off/ politicians over here in Ireland are consumed in.
Wonderful people, thank you!
Yr good work Prof Wolff is v much appreciated .
Thank you professor qnd yanis,😊😊
Good afternoon Mr Wolff and Mr Yanis ❤️🇺🇲🇬🇷🦾😇👋
Best wishes from Manchester Old England great show everybody keep up the usual work ❤️😎
For the algorithm
THX FOR YOUR HARD WORK
What an amazing guest I love his views. Was a great double power house, thank you Micheal your great
What a wonderful day after Sunday. Varoufakis and Richard D. Wolff. The only thing I could wish for is two hours of Varoufakis, Wolff and John Ralston Saul moderated by Paul Krugman. 😜😜
Lol, indeed 🤣
Michael Hudson would be a good addition as well.
Paul Krugman? He is just a joke now! Paul had thrown basic economic sense into the garbage dump when arguing for the Democrats, not matter how senseless economic decisions that the Democrats had made!
Paul Krugman is now an American politician and not an economist.
I don't know about J. R. Saul, but Krugman is out of place in this company. I've heard him described as a "human face of neoclassical economics". Still neoclassical. Wolff doesn't agree with him at all.
@@Hexanitrobenzene John Ralston is a Socratic philosopher and two-time head of PEN International and says Western Economics is insane. He is the UnKrugman and Marx is an anathema to Saul's anti-European paradigm . Saul studied European Economic history at Oxford as graduate studies. He is a worthy challenger to Varoufakis and Wolff and Krugman could only moderate because of his limited American understandings.
I have great respect for Krugman and greater respecter respect for Varoufakis but John Ralston Saul is still a prophet.
Pair of GOATS
Smart 🐐 goats .
@@brianlowe3529 I'm not sure if you know the acronym: it's a reference to G.O.A.T. (Greatest Of All Time).
Smart goats is funny though! Hehe
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Abomination
Thank you very much for your expertise and knowledge that you share with us. Your work really has an impact on my trading activities.
Here in Norway, basically all labour unions negotiate the collective agreement every second year. On off-years there are wage adjustment negotiations.
51% of workers are in a union. Half of unionized workers are members of a union represented by the largest trade union confederation (24% of workers).
Workers have much better leverage when a huge portion of all workers in the country negotiate at the same time
Great collab!
Fascinating presentation
Thanks Richard......And Yanis.......
Thank you
Thanks!
Thank you, 2 great people!
Interesting Professor Wolf.
And good luck to the hotels workers.
Just a few questions.
1. Are there some hotels with better conditions, and better service?
2. Can the workers get better jobs elsewhere? Labour market has been strong recently.
3. Can the unions buy a hotel and start a union business, to teach the business people how to run a business? Pay better conditions, employ lots more workers, give more time off less demanding jobs? And win more customers z who like better service and higher prices?
4. Will the hotels suffer financially if they don't improve pay and conditions?
There’s always a problem of N=1. Most capitalists will refuse to adopt a new paradigm just because 1 (or only a few) example of success. Especially if they’re making bank on the old paradigm!
Hello hello hello
I love your program
Brilliant as usual!
Absolute breath of fresh air. It's commendable the way you simplify these difficult issues into ways that are easily digestible by the masses, Prof. Wolff. It's content like this that gives me hope for the future.
soooo grateful for prof wolf and prof varoufakis❤
This greek man should be President of the EU. Greetings from Turkiye.
Had to watch this at 1.5. Love you Richard but can’t be falling asleep while your giving knowledge 😂❤
Two of my favorite people ever
Danke Jungs 😃👊
Mr Varoufakis is a hope.
The promo code was super helpful, thanks a lot!
Solidarity forever ✊
Two of my favorite colleagues.
yanis and richard, what a pair ... awesome
Tell us more about the books. I have purchased books recently that were produced in print so small said books were barely readable. For me, they were unreadable. Make samples available for appraisal. Thanks.
Yanis is increduble ❤
Richard has solid news announcer skills!
very cool
2 of the greats.
I love the grounded reality of this channel!!!
Retirement took a toll on my finances, but with my involvement in the digital market, $27,000
weekly returns has been life changing.
POSITIVE ENERGY !!!
Wow that's huge, how do you make that much monthly?
I'm 37 and have been looking for ways to be successful, please how??
Thanks to my co-worker (Joe) who suggested Ms Sallie Herzog Behnke.
She's a licensed broker in the states 🇺🇸
After I raised up to 325k trading with her I bought a new House and a car here in the states 🇺🇸 🇺🇸 also paid for my son's surgery (Oscar). Glory to God.shalom.