Economic Update: US Housing Crisis
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- Опубликовано: 8 сен 2024
- On this week's Economic Update, Prof. Richard Wolff provides updates on FED and interest rates, new US and China inequality data, BLS on wage stagnation, Ford and GM build factories in China, more Big bankers join Trump. Special guest: Walter South on US housing crisis.
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now!
www.democracyatwork.info/books
"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges
Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism"
www.lulu.com/sp...
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You're a good man Mr Wolff!
I believe it's Dr. Wolff
AnArchaicSoul No his name is Richard Wolf , lots of people don't have that arrogance that causes them the need to put PhD in front of their name . I call him the Wolf .
Domingo _ Bill....why the disrespect? That's the real problem in America.
Deborah Hoffman And who are the most disrespected people in America in your opinion ? Just curious. Also many doctors out there don't like putting the PhD in front of their name.
Bill Hampton It is not arrogant to put Dr. in front of your name when you have earned that title.
In 1982, I earned an hourly wage of $13.95. This was fantastic pay! Today, I earn $12/hour. Of course, I have a chronic illness and can't live in a major city and claw my way to the top of a large corporation anymore. But, for almost every person I know, pay is never above $20/hr. That is criminal.
Business costs gone up , not down why your earning less .
I have a paycheck stub from 1982 & ask 'What were you doing and where ? I was making 11:00 hr. in Los Angeles , but remember, there were far less deductions, including SS taxes taken out. The beauty and splendor of that period for me was paying my monthly rent on one weeks pay.
@@henrygarciga A studio apartment costs 1500 in LA now
Wow. I'm just a Russian girl passing through, who is a little dazed of America's wages. I personally know only a few people here in Moscow, whose pay is more than 20$/DAY (O_o) Well, I assume, the your prices is hinger but still.
@@coopsnz1 That's a great way to rationalize the declining standard of living in the US - "business costs have gone up."
We're talking about a period, over the last 40 years, where they have made more money than even they envisioned. Their tax burden has been greatly alleviated and has been shifted onto the working class, and many of them have relocated overseas to be able to dodge laws and regulations and to squeeze labor even further. But, I'm sure their costs have drastically increased, that explains everything. SMH
Love this man's genuine candor.
Professor Wolff has an excellent speaking voice. Most people on RUclips need to observe the way he speaks and learn from him.
Housing is built around public transportation.....TOTALLY UNAFFORDABLE. Hubs around new rail stations in Los Angeles initiated gentrification in those areas. The poor and working-class, who formerly lived in the inner cities have been pushed past the perimeter of the cities, where public transportation is limited.
👽 I like your comment a lot, we should do a livestream, and you can elaborate on your theory. Let me know when you're available, we can chat via Google or Skype, whichever works for you. I am also in Discord.
I have spentc13 years working on affordable housing. You are right about gentrification of areas where affordable apartments are built near transportation. Another attempt at finding more affordable housing is inclusionary housing. That is to add 10 % (or whatever percent is agreed to) of affordable housing in new construction. So, you could get 10 affordable units out a of a 100 unit luxury building. But there are wrinkles that are causing chaos. 1. These units are usually only for a set number of years. After 30 years you are out and the apartment returns to market rate. I got my apartment at 65 years of age. If I am still alive I will be evicted when I am weakest and most helpless. Were I to be a younger low wage worker I would be put out in middle age when employers are happy to replace you with a younger worker. People who lose a job in middle age seldom get another that pays as well as the one they lost and for many, they never find another job. 2. There are agreements about how much the landlord can raise those low income rents annually. If you are living on social security with or without a very small pension those rent raises are always less than your social security cost of living raise. After about 10 to 15 years you cannot afford your affordable apartment any more and you can't afford market rate rents either. So, the legislators are putting a pinky in the foot wide hole in the homelessness problem only to put older people out on the street after a while anyhow. That is my situation. My last two rent raises were 7.25% or $56/ month and 5.35% or $42/month. This increases my rent almost a hundred dollars a month inntwo years but my income went up only about $60/month in that period. How long can that be sustained by low income people? That $60 is an estimate because my rent goes up in September but my cost of living allowance for social security goes up in January of the following year. For three months I sometimes only eat one meal spread over 12 hours while trying to keep my blood sugar level. I am preparing to try to find another apartment now. I don't expect to be successful. My 25 year old car is my next home. I am paying 50% of my income on this low income apartment and the landlord just took away the utility allowance we have had for 13 ears. The landlord upgraded all of the full price apartments, but not the low income tenant apartments. 3. Low income tenants must meet financial criteria that are so stringent that dental care, replacement if worn out furniture or even the cost of a burned out 20 year old blender is out of reach. savings aree limited to $2,000. None of us have savings anyhow. Each year we have to show our financual situation. authorities check to be sure you do not cheat. The system keeps us poor. You cannot save fir the future.
The housing industry needs to be nationalized like health care. National policy or government ownership of housing is the best answer. I am not talking about home ownership governed by municipalities. I am talking about low end housing, apartments. People like us either lost homes during the last recession or we never owned our dwelling and have been at the tender mercies of landlords.
thank you mr. wolff, i really like this format.
If you don't mind making pennies on the dollar compared to those who own the company where you work. And if you don't mind how our military operates around the world. And if you don't mind spending half of your taxes to fund that military. And if you don't mind being sick and not being able to afford medical care. Then you probably don't mind capitalism.
That be your government not capitalism.
Well the government better fix the governments problem!!
Gkuljian true . my bad i deleted my comment cause i thought i fucked it up
Start your own company if you don't like how others are running theirs.
T0mm3n your an idiot
Landlords - STOP RAISING YOUR RENTS AND MAKING THEM UN PAYABLE FOR MILLIONS OF PEOPLE! MANY LANDLORDS HAVE INSURANCE POLICY'S WHICH PAY THEM FOR EMPTY ROOMS WHATEVER MARKET RENT THEY WANT.
Loved the idea for affordable housing that Mr. Walter South suggested. I wish him success! How can we follow what happens with his project? This should be taken to the national (and international) level. For example, there is a dire need for affordable housing in the San Francisco Bay area as well. I'd love to help with whatever I can.
I am 30 years old with a wife, 2 kids making nearly 60K a year living in the outer part of LA. One and Two bedroom apartment prices are ridiculous!. Don't even start with the home prices. Over 50% of income is going towards putting a roof over my families head!.
I am almost coming to terms with my generation never being able to afford homes. My parents lost their beautiful home back in 2008 and only way we currently have a roof over our heads is sharing a place with in-laws. So i am part of those statistics when it comes to "living with parents".
LA may not be the best place anymore due to the high occupancy rate and is whats probably causing the renters to raise pricing because there are 2 or 3 families waiting to take the open spot.
Nah the lack of vacancy and sky rocketing prices have to do with Blackstone and Foreign Money investments. Most of the west coast is going through this.. Even in Vancouver Canada.
You are incorrect.Housing prices are a function of GOVERNMENT entirely. I spent 30 years trying to develop affordable housing in Southern California till I gave up. In Tennessee you can now buy a new 1500 SF home on 1/2 acre for $130 or less. Taxes will be about $1500 (still WAY too much but?)
Houses cost a lot , Because of left regulations . but democrats won't tell you that
houses and apartments cost a lot to build because of to many regulations
Statistics please, not hearsay! For example; which regulations currently in place cost what in relation to your home? Would these regulations be worth the cost (if they do indeed raise the cost), if they save your family from a potential fire due to substandard materials?
Hi,
You and Robert Reich are doing a good job on RUclips even though your economics philosophies are quite different. Really both of you should be doing this if the politicians are DOING their job properly.
I thought they were quite similar except Richard Wolff's criticism is sharper.
tean tan j
I would rather have his hair instead of Donalds hair.
74 yo. At least he still has hair.
The Doc Brown hair is all the rage.
Democracy At Work
Socialism is evil!
Celso Junior lol
❗️
Love the new look of the show! Thanks free speech TV!
Housing discussion starts near 30:00, excellent discussion
really enjoyed the discussion, thanks for keeping at it!
The building of car (or other) factories in other geopolitical areas was a strategy formulated by the Japanese .. in particular an individual who championed the idea of economic islands. You see, if you want to sell your product in another region you better be willing to provide jobs in that region. Why? Trade Wars or tariffs cannot be implemented without destroying you own workforce or trading relationships to your economic allies.
Love it! I’m so happy that I found Prof. Wolff. Thanks to his wisdom, I added Economics as my second major in college. 👽♥️♥️♥️
I live in Canada and it's very hard to find a one bedroom apartment for less than 1000. Yes, some are a bit less but let's say a 1000 is average. If you work min. wage in Ontario you take home maybe 1400/1500 a month if you work 40 ish or fewer hours(a lot of people on min. wage only get to work 35/36 hours they aren't guaranteed 40 hours). How's that supposed to be affordable? You can say, oh, share the rent. But what if you are an adult getting older and you want your own damn space? What if you like being single or living alone? It's not entitlement to want reasonably be able afford a one bedroom apartment for god's sake. At this point they aren't even asking to be allowed an actual house with a family or anything. They just want to be allowed to at least live like a single adult instead of a forever university student or at home with mom and dad.
Professor Wolff is a genius of our age. He is bold, frank and truthful.
Eye opening information. I like this dialogue method with Prof. Wolff. This fresh approach is bringing new information.
The usual speech was getting a little repetitive. Not being an American, I did not understand how city/town taxes were were collected differently from my country; that it benefited those with better incomes. I didn't realize how the fabulous road system actually benefited the upper class so much more than average Americans; and drove divisions across economic lines.
Namaste and care, America
mhikl
Those were some truly bizarre solutions to the housing crisis in the last part. How about we just focus on increasing incomes for those at the bottom of the socioeconomic heirarchy to make it so they can afford current housing prices? Housing is a part of the cost of living, and if poor people can no longer afford it then it means their Purchasing Power has probably DECLINED in real terms over the past 40 years as wages have remained stagnant and prices have gone up...
One of the first economic changes made by Singapore government to make Singapore one of the strongest economies in the world was to address public housing and helping the masses build capital - wealth ...
Thank God for your cognitive abilities to explain some difficult issues without smokescreens thank you very much
nice having the visuals to go with the sound now :)
You will see rivers of blood before your proposed solutions see the light. We are so far down the rabbit hole that practical solutions looks like unicorns shitting rainbows.
i wanna see more interviews with walter in the future, he has great things to talk about.
This man should have a million subscribers!.....
I can honestly say, I've learned slot from this conversation.
so great. million thanks for keeping us informed
Incredibly profound.
His statement about the rate of inflation over the last year can be disputed. I have seen prices go up over the past year for many items. And the government's method of calculating inflation does not include the biggest ticket items such as autos, rents, and medical costs. Also,another thing that it never takes into account, when calculating the rate of inflation is the fact that so many items we must buy, such as appliances, do not last as long as they used to and require more frequent repairs.
Here we are closing in on 2 YEARS LATER !!!!! The economy is doing so well, Harley Davidson is moving to Thailand to make motorcycles.
oh yeah. i noticed that. every time a worker gets something - a raise! 🎈🎈🧨🧨 - less than a year later their employer "off-shores" the jobs and now american workers are PHUKKED and these prick companies are still considered US companies and get to reap all sorts of tax benefits i pay for after they take my job to the third world.
@@Scriptorsilentum --Which brings up why people remain loyal to Apple , since they have successfully evaded corporate taxes by moving to Ireland ( for tax purposes on paper) and don't pay their workers here any more than Bezos who resisted a long time from giving those double-shift warehouse workers the right to organize. He just hired a Koch Bros. firm to handle it. People think that because the suicide rate at Apple's Foxconn plant in China is down , that putting up suicide nets will also work at their future slave labor shops in Sri Lanka. They deserve to be boycotted just as much as Israel for their stealing land on U,S. taxpayer dollars . Try looking up how many people die on the job at an Amazon warehouse. It took staff 20 minutes to find one guy who had a heart attack and didn't make it . They refuse to list this as an on-the-job death and list it off premises to avoid scrutiny . Where I live, CAL OSHA is useless for the worker safety side .
@@henrygarciga twenty effin minutes to determine in a packed warehouse someone's missing and something could be wrong? jezuss aitch christ.
I came across videos made by amazon employees a coupla years ago - 2017 - and made by other documentary people , too, and was frigging horrified. I terminated my amazon account. naturally bozos - our dear jeffy - has the minions send out the teaser e-mails trying to seduce me - verily, i say, seduce me - back to the fold. I copy/pasted ten different links and placed them in a reply e-mail to the fukkers. still aint heard back from our dear little jeffy et al.
gawd, if i worked in one of his places i'd take a hard blunt object to his supervisors' mouths. I mean it: i would end up doing time.
DVR set for Sunday! So glad to be able to hear your wisdom more!
Gentleman Again YOU out did you'r self thank you
finally, a cool intro!
When we are talking about the average EU housing cost is 23% we are not mentioning that the average EU citizen has no need for owning a car due to a very extensive public transportation system. Compare this to the US where frequently car ownership is a necessity because of scanty or non existent public transportation.
Just like i learned in college, but all untrue all of sudden.
Professor Wolff failed to mention--in his discussion of the stagnation of wages over the last 40 years among the bottom 50 percent of Americans--that during this period the family unit is working appreciably more hours; both spouses are now forced to work; and the level of debt has grown exponentially all in a frantic attempt to simply maintain the same levels as the 1970's. Meanwhile, wages among the top 2% of Americans have risen during the same period several hundred percent. So, fellow Americans, what's the answer?
He has mentioned it in other videos.
Something that needs to be rooted out of people's mind is the idea that no matter how bad things get if they support the system there stands a small chance that they will end up benefiting from it. It encourages people to both be selfish, and go against their own interests. I do think there are many right now who would be OK with the system staying largely how it so long as they get to be wealthy.
I listen regularly to what Richard Wolff has to say to us about our society and our economy. I share many but certainly not all of his views and concerns. My perspectives come from a nearly 40 year career in the financial services sector and nearly that long teaching political economy based on the analysis of the 19th century political economist Henry George.
In this talk, Richard Wolff examines the instability of the "capitalist system." Certainly, the system we live under is unstable; whether this system is really capitalist is a quite different issue. I have written on this issue elsewhere and will not bore others with repeating.
Of course, the Federal Reserve is powerless to deal with instability. It never has since its inception. Why this is the case was explained decades ago by Professor Carroll Quigley in his remarkable history of the modern era, "Tragedy and Hope." The bankers of early 20th century made sure they would not lose their power by getting legislation approved to create the Federal Reserve system, owned by member commercial banks, and authorize to issue Federal Reserve Notes as legal tender. Reformers then, and ever since, have rightly questioned why the Federal government should not simply spend money (which would be debt free) into circulation. The effort to take the power of monetary expansion away from the Federal Reserve continues, but has not yet managed to find sufficient support to challenge the status quo.
Professor Walter Smith's observations regarding the "housing crisis" misanalyzed the problem. Housing is not too expensive. The cost of housing has not increased. Better construction methods have actually reduced the cost of housing per square foot. What has become unaffordable is the land underneath housing units. In many MSAs across the nation, the land-to-total-value radio associated with residential housing is 50 percent or more. So, a person or household is paying 50 percent (more in "high cost" areas) just to acquire the land. Richard Wolff is certainly knowledgeable of the operation of land markets and why land prices continue to climb and climb. The economics are straightforward:
Every parcel or tract of land has some potential annual rental value. This value is societally-created, a function of aggregate demand and the public investment in creating locational advantages by building highways, water and sewer systems, utility grids, parks, libraries, etc. etc. etc. When this rental value is not collected via taxation, the owner of land enjoys an imputed rental income stream capitalized by market forces into higher and higher land prices.
The conditions described by Professor Smith are contributing factors but would have been far less disruptive had the county officials around the country kept property assessments up to date with changing values. Assessments all across the U.S. today are rarely close to 100 percent of current market values, even when this is a requirement under the state constitution. Worse yet, in those neighborhoods of cities where property values are declining, the effect is almost always regressive (i.e., it impacts lower income households more severely than higher income households living in neighborhoods where land values are increasing.
One of the few examples of what good assessments will accomplish is the city of Greenwich, Connecticut, where the assessment staff kept assessments up to date. The result was (hopefully still is) that 70 percent of the total property value was in land, and only 30 percent coming from property improvements of all types. We need to remember that buildings are depreciating assets. ideally, property improvements should be removed from the tax base. Doing so will reward new construction and the upgrading and modernization of older buildings that still serve a need in the community and market.
Do the above, any most of the problems discussed by professor Smith will be addressed. We will see "transit oriented development" as land is developed to its highest, best use. Housing will be built to the highest standards. And, as land costs come down (theoretically, to zero) the cost of housing will become far more affordable.
Edward J. Dodson, Director
School of Cooperative Individualism
www.cooperative-individualism.org
Thanks Democracy At Work.:)
For educational purposes I would like to see charts with explanations! I really like your channel and with charts I think it would be even better. Thank you, BR, Tibor
Informative lectures,mr Wolff excellent!
I own a 3 family house and can only deduct the share of property taxes that are applicable to the other units not the one I occupy
5 yrs ago I found I could not make rent on 1 job,was told to work 2 jobs. I have lived in the woods since, and I am no one's slave
My dear learned friends; the solution for these problems can only solved after workers' revolution .Democracy ,for the masses can only be realised by the workers' state !
I love these new changes! Way to go! Keep it up! Much more enraging watching it on video, and the intro music was rad!! 10/10
Wolf and Walter for 2020!!!
Love your program, Prof. Wolff!
Hi! I am from Ireland and I wonder if when you were quoting EU Stats on housing costs that you were also including travel costs. Ireland has one of the highest housing and travel costs! So, you might need to check your figures. The Irish pay through the nose for housing (Average 200,000 to buy) and travel costs are equally insane.
I actually like these commercials compared to the crap that's on cable.
Thanks Mr. Wolff
fascinating interview concerning the housing crisis
Bernie Sanders and Richard Wolff, you, Muricans, don't know how lucky you are!
It's so very valuable to have your experience and insight to hear. Thank you, so much.
Love your new intro.
I love this guy, he makes so much sense.
Way back, (1920's?) Henry Ford decided to pay his workers $5.00 a day, a shocking increase in wages, so they could afford to buy his cars. It was considered a brilliant idea. Not sure if this is folklore or what but it makes sense. What sense do today's Corporations have (Walmart) by driving down wages to the point where I can't afford to go into their stores and buy stuff but only to use their shopping carts to store my worldly belongings in the back of their parking lots ? Are they insane? Have they forgotten the old tale about the goose that layed golden eggs?
The problem is investor-lead urban design - the direction imposed by the administration - wont address mentioned principles of sustainability let alone resilience. I can only hope your states and municipalities will not follow that diresction and cut accordingly. In fact, they should reinforce their institutions to build healthy environments.
I'd love to have Walter back on these days to see what happened with his housing corporation idea.
I live in France and lived in the UK for over 40 years: both countries have a housing problem based on speculation and scarcity. The value of housing is therefore artificially created by financial institutions ( land prices) and government ( politics). Keeping people struggling to buy a home is a great way to control them and to make money for the few.
Social democracy suck the middle class smaller & majority equally poor , talk to my business client on Saturday , he says government areshole take 66% profit in Australia .... Well anything you import products , cars , bikes , TV tax to hell 5% custom duty & purchase taxes up to 90%
Dear professor! Would you explain "minimum balance" on each and every banking account ($1500), that I can't use (to avoid a penalty)? I assume that those bastards are playing with my forbidden money on a stock market and making a HUGE profit. Is my assumption correct?
along with that eliminating 90% of the laws (which are in direct collusion with the mafia)
I love the new Bernie hairstyle and black coat style.
Give the homeowner and renters a break and remove property tax. The rich don't want to pay taxes, and the working people are paying too much.
Socialist idiots in Government globally that push h it up higher , plus push up taxes on purchases so it harder to save for home
Professor, are you feeling alright? I watch you evey chance I get and even in person. You look like your in pain. Please feel better if this is the case. We need you! I have learned so much and I am greatly appreciative. Thank you!
People should start developing revolutionary phone apps!
wolffinism all the way
Federal Reserve policies of manipulating interest rates probably contributed to more than 80% of the wealth inequality in this country and all over the globe. I guess most economist and politicians are afraid of confronting the truth for different reasons. Lowering interest rates in a recession by the Federal Reserve helps preserve the status quo and consolidate the wealth of the rich. It has absolutely nothing to do with stimulating the economy. Actually, a recovery without Federal Reserve intervention would redistribute the wealth and resource of the country and lead to emergence of a new group of rich individuals who are more competent than old money.
The volume is too low on these videos. I would greatly appreciate it if the audio-only version of this program could continue to be posted.
In America - if you look at the way we situate our neighborhoods - housing is set up to be convenient for our automobiles.
We must get our cars right up to our doors, even though it takes up lots of real estate to put in a drive way. We organize our neighborhoods and cities around our roads, getting our cars to our doors.
Seems like houses should be designed for the people living there...not the cars that get the people there?!?!?!
Professor Wolff has the socialist Bernie hair today.
Sebastian Hill LoL --- Bernie Einstein Don King.... Sampson.... someone needs to do a study.
I'll take that over too many other talk/news show hosts, who are just harebrained.
From rocking out to the intro music.
Is there something wrong for a Socialist ? Certainly capitalism hasn't done well for the 99% in the last 50 years and the facts bare that out .
Sorry about the rant , my thin skin gets the better of me at times , again sorry !
The squeeze is on more than a year later! Wages still aren't increasing and the cost of living is. I'm just waiting for the crash. I don't see this ship being turned around.
that food waste commercial makes me sad
Thank you Professor Wolff . I just want to add that True traditional conservatives desired slow change . In the US and UK we got reactionaries who want to push our standard of living back to 1900 or further as political scientist Dr. Michael Parenti would say . What we need now to reverse this rolling back of our democratic economic gains is a radical analysis and getting back on the road towards social democracy which was stopped by the reactionaries in the mid 1970s . We started getting some Reaganomics in Jimmy Carter's last two years . He was promoting austerity and severely cut the G.I. bill . His CETA program was a good idea but just a token gesture of a New Deal , and CETA was poorly managed and became more of a self serving bureaucracy than a jobs, education, etc program .
But lowering interest rates is a monetary solution, while what is needed is a fiscal solution: better policy choices by Congress.
Sick intro Richard
Thanks You Professor.... Muchas Gracias
WOW this makes so much sense.
what can we do with things the way they are the idea of rebuilding public transportation and housing is nice but that doesn't solve anything for the near future
From Honduras 😘 I love your ideas! 👏
Richard, I'm here for the first time. Looked all this episode, and fully agree withcontents, included the part of Walther.Especially the part and statement of "WE" and not "ME", which indicates that theUSA is NOT a democracy !!For 30 years now the Repulicans and Democrats are polarizing the so needed intententions to make the USA better. As being a not american looking at your problems sincerely a long time, your country needs a new 3e Party. Theo
I'm belgian, I admit we are socially well covered, better than france, at least. but europe is not going well economicly speaking either. tax fraud is a bit too easy within the european union and it's going toward a dangerous neoliberalism, killing the social victory from the 20th century
So sad what's happening all around us.
richard
i think you are doing a marvelous job imforming people you have a new model for teaching there might be a new model or all universitys and educational imstitions
to teach to lecture via internet and only attend establishments a few times a month
to see fellow pupils get grades and sstuddents can still get the experiance from being away from home and the social life etc i would overcome the high costs involved being resident less long term debt and help those not so fortunate to be able to better themselves even vocational paratical qualifications it may already be happening would like to know if that is the case ? we have the open university here in uk for years as yo are probably aware i think since late sixties
That was some great information.
Dear Prof. Wolff, You have overlooked the reality of today's housing crisis for those of us who do not live in major urban centers. Public transportation would put most of us out on the street with no where to go. We look forward to the time when our rents will escalate to the point where we can finally move into our car or truck and park in the local WalMart parking lot. With any luck the vehicle we use will still be able to move on its own and we can look forward to a long retirement of driving south in the winter and north in the summer and one day dying on the road somewhere between ! The irony of the situation has not weakened our faith in the American Dream. The escalating costs of mere subsistence have left us with one last dream of aspiration. Our saviors, General Motors, have created our dream homes and final resting places all in one; rusty 15 year old Cadillac Escalades !!
did he also adjust for changes in the duration of the housing loans?
yeah! nice intro
Life if not a game . But the US tax code is a game where those with the most money and assets have the time and money to pay tax lawyers to avoid paying their fair share .
Soften and weaken toward powerful at clear English
Dr, Wolff should really get on the Joe Rogan podcast
Mixed housing in Seattle is horrable. The well to do people harasse the low income people, a dew years ago, they petitioned seattle housing authority to remove the low income folks. (Wth)The well to do look down their noses at the lower income folks.
Damn what is with all these ads Richard?
Please put the referred links in the description.
Mandatory!!! Very good episode. Very good. Wolffs fro tho!! Only problem with AMI is that with all such "good intentions" those that manage the asset turn into the thing they object to... Ala Animal Farm. A good discussion would be how to use the capitalist tools to address this. Aka A.I. to reduce management fees and conflicts of interest. Since AÍ does not have qualia it cannot desire those compulsions humans have for power wealth or social status. A tool to avoid inner party members from turning in to ussr and such. This a part "Mr Labour" is missing. Doesn't totally solve it but it's available and it can be very useful. Like doing ones taxes online or amazon the power to inculcate objectives in a mechanism such as aí can be used to setup a firewall between the management and decisions void of certain human proclivities (without lusts but not without a heart).
Does anyone know whose cover of Come Together that is?
Look, guys. The problems with housing are far more basic than you describe here in the video. My expression: "If the housing is affordable then there are no jobs there. If there are jobs in an area, then the housing is not affordable". Look, for example, at the Silicon Valley. Impossible to live there. Also, housing speculation was bailed out after the last crash. That means that the best game in town is and will always be speculation housing as the government will always back the speculators.
Professor Wolff for Marxism to get a wider platform and exposer would you be interested in debate or conversation with a Keynesian economist like paul krugman or Robert Robert reich.
Does the 30% for rent include utilities?
Get ready for another crash.