I totally understand what this Man is saying.i live in Nairobi Kenya in Africa and every month the Kenyan government passes new laws just to favour big business and the very rich yet millions of ordinary Kenyans don't have clean water to drink.its like the government only exist to arrest and punish poor people.
@@hydrolito Can they lend me any money then? I need a car and it's more than my savings. What do THEY charge for their interest rate on loans. Do you have a Credit Card? How much is YOUR interest rate? Bet it's more than 1%. My parents got more 10-12% on their savings account. So did I back in the 1970's BEFORE "Reaganomics." I paid all my cards off my little Hydro buddy. God bless.
Some people don't like to do this, but if you have a 401k, you can make a hardship loan from your retirement, where it's deducted out of your work check or you pay it personally. Therefore, you pay yourself back principal and interest. If you work for yourself, you can open a Solo 401k or a Roth IRA. This is a way to buy pass the banks.
Bottom line it's feudalism and always has been that the so-called governments and wealthy are in bed together to rob the people they are supposed to serve til infinitum. Watch V for Vendetta and be ready, it's overtime 😮❤😅
That's sad for you to have wasted half your life only to be duped by socialism and a multi-millionaire capitalist complaining about capitalism. When Wolff gives away his salary and wealth to the people let me know
Americans, I hope you know how blessed you are for having people like Richard Wolff, Chris Hedges, Catherine Fitts and others fighting for you people. I wish we had at least one like Richard Wolff in my own country. In my country we have a bunch of bloggers that copy everything that people like Richard Wolff does, later saying that this is their work. Amazing, unbelievable.
Marxists, Socialists' Richard Wolff, Chris Hedges, Catherine Fitts and others' fight is to take over. They don't create anything new. They don't produce products or services. They do not create wealth for anyone. They never have. They only want to transfer it to the "worker" (which are only union workers). When they say workers, they don't represent all workers in the US. They are part of the establishment they teach you to hate. Be not deceived, They are part of the Game that is Rigged.
@brianhaley4471 are you one of the 10% or do you not see that ppl like Wolff are trying to impress upon ppl that we have far more power than we think? I always wonder about commenter's like you, most of whom aren't even close to the top 30% much less the top 10%- yet they have this unsupportable need to ignore simple truths. Study some basic history and economics- it's all there to see, quite clearly. Unless you choose to vote for those who work against your own self interests, blinded by the manure that ppl like Mitch and Musk have been shoveling your way for generations. Really, it's astounding. Regulated capitalism us not a synonym for communism. 🤔🤯🤦♀️🤷🏻♀️🙄
After watching this for over an hour, I began to wonder if Wolff had gotten some inspiration from Carlin, then he goes on to say George is one of his favorites of all time. Liking this guy's work more and more!
Carlin was a genius in my opinion. He made the comfortable uncomfortable without mincing words. Richard Wolfe and Chris Hedges are two of my go too guys.
Thank you professor Wolff. Best talk ever, on this subject. An incredible eye opener. Our system isn't just corrupt, it is evil. No other word for it. The wealthy 10% don't care about us and the government, they bought, doesn't give a damn about the American people, either. What Wolff says about FDR and the great depression is GOLD. We the people, are not powerless. Nice to feel a little hope, for a change. So much has become clear to me now. It is unreal. Just finished reading 1984. Big brother has got to go or we all are going to end up like the protagonist in that book, In love with his servitude, but completely dead inside. You think I'm being an alarmist? You haven't been paying attention.
This entitled, establishment professor works for big brother. "Change" is an illusion presented as some new answer, but its the same goal as in any previous generation: world socialism or a one world government. That's his push as is all leftists. Always pushing "democracy" as the high ideal when in fact it has never existed in the US. Its a republic. Democracy is mob rule that will bring about a police state. We're seeing it transpire openly.
Kings are the normal way of life for humans if they get enough population to need administration. Priest kings. Democracy is a trick. We still have priest kings running things, but their God is Satan.
The story of Moses everytime, told the people they were free but acting like crazy, spoiled little ignorant lads and begged for a King aka government. You're your own governer and public servants are the hired help aka security. 😉 ❤😊
I love this guy's style......Great lecture I wish everyone was REQUIRED to watch it. Unfortunately, many do not want to learn. on the title; The title implies that the system is not all bad but that it is RIGGED. But I believe a more accurate statement/title would be "The Game Is Designed to Work Against The Working Class".
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125k ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?
Thanks for this buddy. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
LOL. You REALLY need to look up the term crisis and consider how it can't be applied to a whole human lifetime of human activities. 50 year crisis - well maybe in geological terms.
@oddjobbob8742 You again? I used to work for the Republicans and started the Republican Study Group and was purged by the Coors people and then the group was disbanded by the execrable Mr. Newt. What Republicans do has never mattered. The focus should be on getting rid of Trump, who is a lifelong Dem and a Wrecker who was never more than an apprentice who had his chance a blew it. I said when the question was about me that no one should run for president as the first office and no one should run who hasn't served in the combat arms, let alone the run of presidents we've had who have never served at all. Let's Go Brandon!
I try to watch as many of Prof Wolff's lectures as I can. I feel like this video is pretty much his whole platform all wrapped up with a bow on top. Excellent work ACLU SoCal and Prof Wolf.
I CAN EASILY BEAT THIS PROFESSOR IF I WAS ON THE STAGE WHEN HE WAS GIVING THE SPEECH. HE, LIKE KARL MARX, NEVER LIVE IN A SOCIALISM COUNTRY. THE PROFESSOR DID NOT KNOW WHAT HE IS TAKING ABOUT.
@@evidencemed4256 You missed the point of his talk. He did not recommend socialism or communisim or the organization of countries like China or Russia - bur rather points to MONDRAGON, in the Basque part of Spain. If you're interested in a better form of economcis and society, you might find Mondragon interesting. It's not socialist, it's not communist. Good luck!
Guy has a 2 hour lecture based on financial history, which is harder to revise than ….history. Commenters call BS without even a reason, never mind a source. Testament to the simple jack patriotism that is America.
@@misterx6276interesting how you inject politics when nobody mentioned Trump. I guess the guy lives rent free in your mind. You should seek professional psychological help for that. If you had two braincells to rub together you'd know this guy is a millionaire making loads of money complaining about capitalism to dumb people.
Laughing at you and him. Capitalism has lifted more people from poverty than any other form of government. The socialists in Greece had a globalist agenda. They opened up the borders to destroy Greece identity and culture. Socialism /communism only serves the political leadership and their chosen friends. Everyone else suffers.
ABSOLUTELY STUPID SPEECH ABOUT SOCIALISM AND CAPITALISM BECAUSE HE NEVER LIVE IN A SOCIALISM COUNTRY. HE WILL GET OUT OF SOCIALISM COUNTRY IF HE REALLY LIVED IN THE COUNTY FOR JUST ONE DAY.
@@johnmullally8711 www.heritage.org/index/ The United States isn't even in the top 10 for economic freedom according to the Heritage Foundation--hsrdly a left-leaning group! Was the coop that he used as an example owned by the state? No. Then why use Venezuela as an example? People like you will desire what is bad for them (and us) no matter what. It baffles me. .
Blair Sadewitz u believe everything u read without questioning the validity. Do u ever think for yourself? Let me help u. Hong long is literally fighting to get away from China rule. Hundreds of thousands are in the streets protesting and waving guess what? American flags cause they want the freedom we have. Yet your fake list has them no.1. Singapore no.2 if u throw a piece of gum on the ground you’ll be whipped with a cane. Just stop! We’re the envy of the world and the world knows it. Too bad some of its citizens don’t.
We all need to listen to this and get organised and retake back the means of production and profits they create for the benifit of all rather than the few
james deroc Robert Hay The way to benefit ALL rather than the few, is by spreading the word about a "Resource Based Economy" (RBE)...to learn more about this, just click on me, then please view videos in my appropriate playlist! If you have ANY questions re this, please feel free to ask me*...once you understand how it works, you WILL agree that it's our ONLY SUSTAINABLE AND R E A L SOLUTION, but the ONLY way to get this done, is to spread this info to as many people as possible, ASAP! *I should inform you of one thing beforehand, though...there is a movement ("The Zeitgeist Movement") which had begun several years ago, in order to spread the word about a RBE (there are chapters ALREADY in MOST OTHER COUNTRIES)...anyway, most people in this movement don't believe in following ANY religion...I MYSELF, believe religion itself, has been SO DEFILED over time, due to the ANCESTOR'S OF THE OWNER'S OF THIS WORLD/THE TOP WEALTHIEST MF'S/THE "POWERS THAT BE" HAVING STARTED THE C O R R U P T E D versions of each of the world's major religions (in short, CATHOLICISM destroyed Christianity, ZIONISM destroyed Judaism, and the SHI'ITES destroyed Islam)...I personally believe, that THIS EXTREMELY IMPORTANT fact about religion SHOULD ALSO be spread!!! One more thing...@1:42:18 "WORKERS' CO-OP" = works just like a "RESOURCE BASED ECONOMY"!
They're is nothing to repay the people lent to the bank as a deposit is a loan and they lend out IOUs with so-called governments approval. That's called an inside job because you're helped the banksters. 😮❤😅
I enjoy listening to Richard Wolff's talks. A lot of what he talks about I was able to come to realize (before I learned of him) through observing politics, reading history and reading about socialism and communism. I also read the constitution of My country (Australia) and I read China's constitution. The rise of the central banks and their eventual deregulation. All this is self taught. I saw the system is flawed, but continuously praised. And no one talks about the other side. Unfortunately I also learned I am one of few people I know who understands it on this level. About 50+ are interested in hearing/reading and sharing what I have to say. Others although they don't respond via online platforms. In person they tell me that they read my stuff and find it very interesting. I also provide credible sources that back up my what I am saying. I'm no academically recognized scholar but that doesn't mean I can't share what I have learned. And when I am voicing an opinion or engaging in speculation. I will point it out.
No 👎 never talks about what history Socialism, Marxism and Communism dud to over 100 million human beings last century. It killed them in peacetime By DEMOCIDE for Socialism.
@@stevencats7137 I hope that you’re makes u money! I also hope that correction helps liberals understand what I’m saying. I may have confused many of them. Thanks
I'm considering inventing a new highly technical voting machine next year. I'm considering naming it "Epistle", "Proverbs", "Salvation". Does anyone have any other suggestions for a name?
A resource-based economy, localized production, alternate energy technologies, interest-free money based on gold and silver are all required to save the economy. The trouble is the upper class will not permit the middle and lower classes to acquire these changes. Not at all.
Richard we all need to duplicate YOU all over America. Your way of teaching and inspiring is awesome. We could use a booklet with all your ideas to pass around.
+Stella Bella Fidel Castro in CUBA already have a booklet for you and he passed it all over his country so his workers get paid $ 27.00 /a month . You should go to CUBA and see for yourself HOW Marxism works in real world .
@@martinko4086 Your brainwashing will keep you advocating against your best interests. You don't understand what LABELS mean or how they are designed to mislead. Never studied what "Marxism" ACTUALLY means? Cuba is NOT how Marxism works in the real wold. This deliberate brainwashing has destroyed critical thinking. RW's illustrations actually does the OPPOSITE of your idea.
This class needs to be taught to every child ages five through age 20 every week of their life. They need to listen to this gentleman and learn maybe this country could be turned around somebody figure that out and let’s get it done.
I Couldn’t have said it better! Thank you! I have watched a number of his lectures/interviews. Learned a lot even as a mature adult. As he says, important to know history. So important! He puts things in perspective. So very intelligent and no wonder he was/is a professor. I wish I had him in college. I was an economics major at first but changed after 2 semesters of a very dry and difficult professor.
Today bankers, governments, and corporations are one and the same. It’s us vs them but the masses have been brainwashed, here in Canada we had the best system for the people until 1974 when it all changed. The people’s bank of Canada was created in 1933 and belonged to the people, it printed Canada’s money at zero interest we created schools, hospitals, Highways, we started Medicare, social security and are debt was stagnant,because the people got taxed to destroy the money that was created and spent into existence for the people. In 1974 our corrupt government gave the right to create our money to the bank of international settlements and these bankers charge Canada interest and since our economy is falling apart and our national debt has skyrocketed because our tax money goes into the pockets of bankers instead of destroying the currency we get inflation. Key dates are 1913 the creation of the fed, 1974 Pierre Eliot Trudeau back stabs Canada, 2001 The Europe union and if you ask me this is unconditional but then again we don’t have a real democracy just like we don’t have real capitalism, we have cronyism with a quiet dictator. End the bankers end all wars and poverty.
TechBiz Canada read that statement. They never lost the wealth so how are we returning it? Their accumulating wealth NOT having it returned to them. Jesus!
@@SuperDeathunder And these top billionaires and corporations never press for laws that enable them to avoid taxes and never privatize profits but make losses public via bailouts and economic policies they use lobbyists and campaign donations to effect? None of these things happen on regular basis? And none of them crush competition and become monopolists? Seriously?
munstrumridcully never said none of that happens. I commented on the Richard Wolfe quote. It’s just funny to me that liberals have zero common sense. The ones complaining about the rich are democrats yet so are 90% of billionaires yet these democrats NEVER ask why? Why would Apple, Amazon, Microsoft , Warren buffet, Oprah, ect ALL VOTE DEMOCRAT? cause Dems are gonna side with the people and take all their wealth? LMAO. Wanna know irony? The only billionaire I know that said he’s voting trump. Guess who? The founder of BET. now that’s irony
" ... they're counting on the people of the world not to know ... " There's a lot of that going around. In the United States we have government employees acting as if they are in charge of the people, rather than there to serve the people. They receive payment via the people's taxes. They act hostile and try to lord it over the people. It's a psychological trick, but the people in the United States are catching on. How could we miss it? That's all we're seeing from every government agency under the Biden / Democrat administration.
@Lucas Allison Marxism is NOTHING NEW to me since I did live in socialist country and was FORCED to know Marxism in details . Reality is there are many things WRONG about this theory which constantly criticize and blame rich , for shortcomings of poor . Capitalism do NOT exploit workers , but socialism does !! Socialist CUBA pays worker $25 / a MONTH !!! So if you complain about your "minimum wage " in the USA , please MOVE to CUBA , your Socialist PARADISE .
@@martinko4086 I live in a Nordic country, a social democratic state with a nice mix of free markets and socialists programs. Socialism wasn't the problem in the country you lived in, it was the corruption and concentration of power.
@@FirstnameLastname-kn5sw I expect more intelligence from Nordic country . First you live in Capitalist free market economy, form of government social democracy, NOT socialism at all , and a pile of oil money feeding your 5.5 Million people. Socialism is common ownership of means of production . Please do NOT bring social programs in here it make you confused . BUT yes, SOCIALISM creates good ground for corruption and unreasonable concentration of power . IF you want to see Socialism , please go to CUBA .
@@theluckycharms81592 Your assertion, as written, is vacuous.... "personal property" / "private property" a distinction without a difference.... Can you make a case otherwise?
@@reasonablespeculation3893 What I meant to say was I support the abolishment of bourgeois private property, which is gained by exploitation, and respect the idea of personal property, which is property acquired by the fruit of a man/woman's own labor.
His Marxist mentality is sad! There is nothing normal or healthy about Marxism! How about TRUTH? How about Critics of Marxism? How about the lies which take away from truth? Not Marxism! Not Progressive conservatism not about liberalism! Not about sick twisted greed? How about true Justice? How about a society which refuses to buy into these sick ideals? It's not about a sick banana republic, Its about the degeneration of morals, the degeneration of egalitarianiisam. Yes society is sick, it's morally sick! Your Marxist system is based on anything but morality! Your mentality never looks at integrity! Why? Because you will never consider anything but some kind of accodemics sensation, which convinces multitudes of deluded accodemics that inequality is victimhood. You can not perceive that locked in the isam of egalitarianism is narcissism! Securing reform, based on enmity, is decrepit! Democracy can only produce an enterprise with integrity, if the people who hold integrity in their hearts. It can only be accomplished with values, integrity, truth, honour, and justice. Your entire argument is based on power. Your us against them mentality, arguing inequality is based on divide and conquer. How about a society where truth prevails? How about looking at the very sickness which causes a people with that screw you mentality of I'm going to get it my way? How about we look at what enmity does? How about we study injustice, and do our part to change the system to a righteous society, where families, and truth prevails? It's easy to take shots untruth, it's easy to take shots at injustice, it's easy to influence people to listen to a narrative which is based on victimhood, by using depravity to persuade. How about a heart of kindness, forgiveness, and love?
Yes, PODEMOS" is a plural of: "WE CAN DO IT" Mr. Richard I can listen to you all day, I really appreciate the time you take to EDUCATE US! Thank you! and YES INDEED! we need a change that benefits the Majority, who are the structure of these Country.
Don't ya just love Prof Wolff... Such a warm, real, caring, inspiring man. There are better, other ways to raise up the many instead of the greedy, few.... The great social anthropologist who taught for many years at the LSE in London and unfortunately died last year said... The ultimate hidden truth of the world.... Is that it is something we make.... And could just as easily make differently! He too was a great Prof of economics and critical of these rigid economic systems that have captured neoliberal economics... The democratisation of capitalism is a great model... The world is struggling to find a sustainable way forward that is more equitable, socially just and restores the social bonds and fabric that binds communities together, reduces poverty, inequalities and are socially just... Thank you Prof... Your insights reveal how that could be... If only we are bold enough to challenge the behemoths that control power, wealth and divide us. Maybe we could be a happier, less corrupted, more socially accepting, less rapacious species....history as you demonstrate rhymes and I agree, it is time....to imagine what that truth could be before we destroy not only the planet but the great civilizing nature our Species/ Communities are capable of. Mammon (unfettered capitalism) must not prevail.... It will destroy us as your illustrations demonstrate. Let us hope the movements of the young and young at heart prevail. The Century of "The self," is collapsing.... What replaces it is up to us... The Demos...I love Chris Hedges too.... His integrity, prophetic writings are a tour de force and a warning... It is vital that the US does not fall to the Christian fascists...as it appears to be heading towards ... A Pence, Cotton, Pompeo, DeVoss cabbal would be a disaster for the world? Led by a competent neocon evangelical nut job lusting for the end of days? That is what I fear and as Chris has described appears to be forming in the turgid arena that has ensued/fermented over the past 30 years or so in US politics? Let us hope a progressive social justice program of secular sanity prevails! Thanks for the lecture.....
I just love a man who thinks we should cut slack to people like mao lenin and stalin, cause they were trying a grand experiment. Cut them some slack. As an atheist, your soc jus crap is literal cancer upon our republic. The christians are the last people i fear. I fear a bunch of people who tell me I need to ask a fucking collective for my creature comforts because of some foolish notions of equity and equality that makes us less equal, and equitably enslaved.
@@baldeagle1171 The only reason why you don't fear Christians is because we removed Christianity from political power centuries ago. Before that the torture chambers of Christians were full with victims.
Everyone please look up "Mondragon Spain". We have it in the USA too but it needs to become the main economic & social paradigm. And we have no time to lose. If we understand that democracy in the workplace will inspire democracy everywhere, we will make the shift.
Richard thank you You are an antidote to this internalized oppression and learned helplessness we so called consumers suffer from as Americans Don't buy the junk that makes the CEOs rich if you can .
CEO is a high-paid worker whose bosses are the shareholders that put him there (high paid as he is capable of detecting business mistakes that save millions to the company: as he saves millons in losses, shareholders let him keep part of those earnings). Other workers will earn depending on the business productivity
@Dovah-chan There's the economic reason i have explained before. If u are asking why don't i think that it's okay to intervene that economic phenomena: Well, shouldn't we make cristiano ronaldo to earn just 50.000$ a year? I don't think it's good or bad to earn that much. If a high income is simply the result of a voluntary exchange between people the outcome doesn't bother me the same way it wouldn't bother me if some people willingly decide to make out. There's also the consequences on productivity (thus on wages and prices for the people) that would arise when the price or wage system is distorted by any non-economical motivation.
I do not consume goods that only serve to enrich CEOs of large corporations Which includes Amazon no way I support the underdog and the little guy always
Capitalism is the system that favors certain skills more than others. Some of those skills are: - Efficiency in killing, fooling, manipulating or destroying (whatever it takes) the competition. - Efficiency in exploiting others for personal profit. If you have those skills - you will be just fine here...Maybe not if some psychosis makes you miserable.
Yeah you are right, look at all those workers exploiting their employers out of their hard earned money something needs to be done about this injustice. You are an idiot.
And leftist entities are bereft of corruption? Name 1 that isn't. WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS.
@HMSBlackPrince Once Basic food, fuel, shelter, clothing are widely and cheaply available, the Capitalist will naturally begin to produce upgrades... Eventually there are superfluous , more expensive, versions of necessities... When every house has a stove, next people will want Central heat, then they want A/C... Pure running water to every house is an historically astonishing achievement, but people will next want hot and cold running water,,, some will want a whirlpool bath..... When beans and rice are abundant and cheap, people will want hamburgers, and then Steak... and so it goes. Should the Gov. make it illegal for people with No resources to spend foolishly on unnecessary amusement? Should the grocer not sell a bag of Chips to the low IQ Adult, who can't feed their kids? Should Gov. mandate that salty Snacks be unavailable to anyone, so as to guarantee stupid people don't waste their limited resources? Who decides if I'm permitted to buy a house with an unnecessarily large lawn? Should Realtors be banned from "staging" houses to entice buyers? Should the potato Chip company be banned from glossy packaging, and celebrity advertising? The Dear Leader WILL tell us what we like or do not like, and what we will or will Not think.... so, be careful what you ask for you may get it
@@ollieyang4613 They're called FEMA Camps. They are hidden all over the US. I only have to go 20 miles from my home to find one. “Corrupt politicians make the other ten percent look bad.” - Heinz Alfred Kissinger "Thus it is easy to understand how law, instead of checking injustice, becomes the invincible weapon of injustice. It is easy to understand why the law is used by the legislator to destroy in varying degrees among the rest of the people, their personal independence by slavery, their liberty by oppression, and their property by plunder. This is done for the benefit of the person who makes the law, and in proportion to the power that he holds." Frederic Bastiat (1801-1850). This is not a new world - it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements...technological advances...and a more sophisticated approach to the destruction of human freedom. But like everyone of the super-states that preceded it - it has one iron rule: Logic is an Enemy and Truth is a Menace. - Rod Serling (The Twilight Zone)
The CEO's, board of directors and principal stockholders are "self-made millionaires" by giving the lion's share of the wealth produced by the employees TO THEMSELVES!
The employees exploit the CEOs by gaining access to equipment they could never afford to buy and using it to earn a profit using the machinery. This idiot competition is nothing but rhetoric.
@@AvNotasian if all the workers pooled the money together they could. Is not like the ceos buy the equipment outright. Many times they lease it or finance it. Capitalists have to rig the game in their favor, that’s how confident they are.
@@davidl5119 if the workers pooled the money together that would be called a company and they would be the owners. Of course people borrow money to buy assets, how on earth would anyone ever be able to afford this equipment if their income depends on them having the equipment. "Capitalists have to do X" Capitalists don't exist as a group exclusive to workers, your very own example would make the workers capitalists. You are a buffoon, but worse than that you are a buffoon who buys into communist rhetoric, how dumb are you?
"...without any b.s."????? How about the 5+ minutes he spends talking about how in demand his speaking appearances are? Like: "Dude! Just bring yourself to completion so you can quit stroking your Ego and get to the point!"
That's because he makes up the parts he wants. The social programs created during the great depression is the reasons why it was "great" and not just a recession. His whole argument is that it worked to end the great depression, so the ideas work and the truth is they caused the great depression.
@@jeremiahdickson569 That is some serious copium there my friend. The first great depression was the result of policies that were implemented after the first great depression was well underway. Wow, just wow
@oddjobbob8742 We can feel the terror Wolff inspires in you, my friend. He is your worst nightmare. The child of poor immigrants who through hard work and real grit rises to a high place in the Capitalist system yet he remains honest enough to be critical of that very system. If it were me, it would make me question the system but that is me. I doubt you are brave enough.
Bernie Sanders has it right and so do many others. We must organize, and we are off to good start but we need many more. Is now the time, or will Americans continue to suffer more until they finally get it. #feelthebern
I am not suffering but do think of others. I got some grandchildren growing up. Only uneducated people with no social skills, resolve conflict by calling people names. Obviously you are not well read or would know we already have many social programs in America including schools, libraries, VA hospitals, EPA, FDA, medicare, etc. Its pretty easy to know the middle class is shrinking, that called statistics, and that corporations have been paying less than their fair share since the 80's increasing yearly, and that Wall Street is holding everyone hostage because our money is mixed with their speculations. Bernie has been consistent in his voting for all Americans for decades, is not the typical corporate politician backed by corporations, and is not an entitled billionaire who gets support by promoting bigotry, racism, and said if he ever ran he would run on a republican ticket because they were the most uneducated, FOX TV new watching bunch. Of course the poorest states in the nation are in the south and those happen to be where the higher percentage of uneducated outwardly racist people live. He also buys into fear and you know ya'll are all such good Christians. NOT!!!
+Dianna Trimborn Middle class is shrinking, because of " socialism" in America. In USSR ( UNION OF SOVIET *** SOCIALIST *** REPUBLIC ) after Bolshevik revolution in 1917 , was NO MORE middle class, but poverty, hunger,( 20 million died from starvation ) forced labor etc .. If you want to know how socialism end up in eastern EUROPA in 1989, ask me , because I grew up there in REAL socialism . You do not understand the BASIC difference between social programs- in Capitalism and real Socialism as economic system , where rich become absolutely rich and powerful, as a STATE officials , where is NO justice for any ordinary man . Bernie is "good hearted man " who do not understand how the economy works . I recommend , that you visit socialist CUBA, free education, free healthcare, NO unemployment, worker makes $ 0.05 / hour .
Bernie is not advocating for socialism is the pure definition. He is expanding social programs we already have.He is not trying to get rid of capitalism just reign it in a little. It was that way before Regan started with trickle down. Are you objecting to the top 10 % making more money, or having wall street speculation tax to expand and pay for public college, or overturning Citizens United, and Glass-Stegall? Are you against the #TPP ? I am not buying into your fear tactics of trying to compare os to CUBA when it was a communist nation. If #TPP goes through it won't matter, many countries including states will be working for nothing. I am not responding to you again, as I am finding the repetition quite boring, and please do what ever you need to do as far as your vote, if you even vote,
+spaciousky I have no idea where to begin in addressing a low brow ignorant person such as yourself as you throw words around and have no real facts context no understanding wisdom and the like but let me answer like this: Since you like capitalism so much go to one of those third world countries with out strong governments where corporations own those fiefdoms where 2/3 of the world live on less than $2 a day try your bullshit arguments over there because the most tolerant of people in third world countries would think you are crazy.
+Andrew Stergiou ******Do US corporations own also production in socialist CUBA ?? OBVIOUSLY not. " As you know " $ 2 a day is very good PAY in CUBA . Do you feel sorry for them ??I DO NOT !! THEY choose socialism, now they can "enjoy" socialism .
Professor Wolff: After receiving my college transcripts, I was shocked to see I was given 4.0 GPA for Philosophy. I remember barely hanging on! Interestingly, I remember one important comment from a professor: "German Philosophers are much better read in the German language as they were written, as the translation into English becomes less poetic and fluid. Thank you for your work.
+David Markham But did not come out as what he said about Greece , they did agree what the masters Germany say , austerity ,austerity in a big deal . it's happening right now .
debbiedogs1 yeh fight fight it's just talk and no actions . the rich are getting richer and the poor are hit hard with cuts and it's getting worse for them by the day
Right, kings & popes, rich tax poor, accumulate land & expand markets, enslave enemies, control banking & wage wars in the name of (fill in the blank)-- thus it was ever so as long as people could write.
I THINK IF YOU LIVE IN A SOCIALISM COUNTRY ONLY FOR ONE DAY, I WILL BE ANGRY AND COME OUT RIGHT AWAY. YOU LIKE SOCIALISM IS BECAUSE YOU NEVER LIVE IN THOSE COUNTRIES
@@evidencemed4256 You are a credible witness to the evils and failings of socialism/communism. Sad the so many would trade their freedom just to satisfy their envy of the rich. There are plenty of non-capitalist countries to move too. Those swarms of people risking their very lives to get to the US are mostly from the socialist countries practicing the "economics" suggested by Mr. Wolff.
In general all economists speak the truth. If you find yourself thinking a person is one of the few that does, your probably being lied to. Wolf is know for often saying quite literally whatever he wants inspite of any data as well as building his positions on the back of countless logical fallacies, most notably utopian fallacies.
In my country there is a system called Koperasi (roughly: Cooperation) which one of its principles, under law, is that the management must be performed in a democratic way. See "The cooperative movement and some of its problem" by Paul Hubert Casselman.
Worker-owned, worker-controlled workplaces---it's the only way to go forward. In the "managers'" minds, you who do the work are the very last thing to consider if at all. Our daily work condemns us to feeding the Profit Machine that's killing us. We have to stand by the value of our daily work, and if we do so, we WILL win. Hope many, many people hear this!
Who ever owns the business is taking on the liability, opportunity cost, and general risk.... The owner therefore suffers all losses, and reaps any profit. If workers wish to Unite and Buy Out the Company, good for them. But, most workers would rather take their wages, and leave the complications of running a business to others with the appropriate expertise.
WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL ALWAYS BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS.
@@reasonablespeculation3893 Do the owners pay their workers in line with the productivity they give the company? No, the exploit the fact that people need to live to pay their workers well below their worth, while paying execs well above their worth. Also, the whole point of LLCs and the like is to mitigate the risk, abd the biggest monopolistic companies make the losses public with bail outs. I really think you are looking at this with rose colored glasses, and ignored the ever growing inequality and the way that the top billionaires and corporations use their wealth and power to influence legislation that favors them and makes sure that the working masses are in no position to compete with them. We have oligarchic crony capitalism, I don't see how anyone can deny this. The history is plain.
@@reasonablespeculation3893 Question-- are you ever going to address my false dichotomy point? Private property is fine and irrelevant to how we structure the means of production. The means of production has a huge effect on the society as a whole. A more democratic system would benefit society more than an oligarchical one. Please address my point on your false dichotomy or just move on. I don't deal with red herrings.
54:40 Someone at the mixer must've turned off a mute on a side or bus channel for a second, right when Prof. Wolff gestures with a big voice. Great timing! It gave me a chuckle. Wait for it.
RW is one of the best professors I have seen in my life! Maybe, it's on the name Richard like late Feynman Hi Richard from Greece. Devoted fan of yours.
Mr. Wolff, you are just Superb .... your narrative is truly honest and and easily understood. Very delightful to listen to you... an excellent orator of this generation!
leo Obrien , it is june 2021 and capitalism is still standing strong and socialist CUBA is still fucking poor . Your " professor WOLFF is still full of BULLSHIT !!
@@martinko4086 Look around, capitalism is not standing strong. It was proped up by a 1.9 trillion dollar bill. With a wealth inequality that has surpassed that of the French revolution. Comparing the GDP of Cuba to the US is like comparing a shed to a skyscraper. Education is indeed key, which ironically Cuba crushed us in. Have a nice day!
@@ChitWhitly I do NOT see socialism standing strong . Eastern Europe , USSR , Venezuela , Cuba , please point to me some strong socialist country !! I am comparing GDP of CUBA PER CAPITA to GDP per capita in USA . USE you brain , YOU IDIOT !!
@@martinko4086 Only one of those countries is socialist. You did not mention per capita anywhere in orginial post. Why are you yelling and calling names?
@@ChitWhitly In my original statement I did NOT mention any GDP at all !! Where are you getting your Bullshit from ?? I am calling YOU an IDIOT , because that is the truth . YOU do not have education in CUBA , you have a FREE brainwash . MOVE to CUBA you will get the "BEST " education you dream about .... and do NOT come back .
Apart from the content of the speech (parts of which I find way too utopian) it is impossible not to admire this man for his oratorical skills. I quite simply found it impossible to unglue myself from this performance, rather long as it is.
+3MonkeesInDenial you are brainwashed by de- mock - RATS . Your welfare check is coming from my taxes. I am working and you do not . Where is the balance, you IDIOT.
spaciousky a pure moronic idiot you're . Brainwashed product of capitalist propaganda . You can't fight with facts so you use emotion and feelings just like the alt right idiots
Chad Smith Do you know Maria, or Sara, or her brother? I got the hints already. Love. 4 sure. Those Colombians I met through some other Greeks. Then I worked for those other Greeks too, almost at the same time. Too crazy. I met the sweetest Russian at the Colombian connect. Her name was Galina, as you know. She's a white Russian. You know. Love.
I Couldn’t have said it better! Thank you! I have watched a number of his lectures/interviews. Learned a lot even as a mature adult. As he says, important to know history. So important! He puts things in perspective. So very intelligent and no wonder he was/is a professor. I wish I had him in college. I was an economics major at first but changed after 2 semesters of a very dry and difficult professor.
Awesome! I hope a lot of people will get more knowledge about economics and Income Inequality as a must to better equip everyone how to make a wise decision to their lives.
Hello ACLU of So Cal! Great presentation. I would love to show this on our Missoula Community Access Cable TV system. (MCAT) Who would I talk to to get copy right permission?
zootown! just a heads up, I'm trying to get a Socialist Alternative branch going here. Not sure if you'd be interested or not. If so, let me know, I can get you to the right contacts.
Social consciousness is waking to the reality that the capitalist system has failed. I believe that the 99% are shifting incrementally towards an understanding that the inherent fairness of a socialist framework is the only way to ethically rebalance our communities. However, I can't see us achieving a successful turnover of the current system without vilification and even assault from the present powerholders. Especially with massive surveillance in place, organizing a labor opposition to the entrenched mainstream will be difficult and probably messy. But this is an exciting time to be alive, when we can look forward to the possibility of real economic equality for generations to come.
Capitalism is a massive success wherever it is implemented. China is an excellent example of the power of capitalism to raise people out of poverty. Venezuela is an excellent example of the power of socialism to plunge people into poverty.
@@vallokius886 Under the tenures of Hugo Chávez and his successor Nicolás Maduro, many businesses abandoned Venezuela. In 1999, there were 13,000 companies in the country. By 2016, less than a third of companies remained in Venezuela, with only 4,000 companies operating in the nation. The nonprofit Transparency International says it has identified at least 511 companies that are either wholly or majority owned by the government of Venezuela - and 70 percent of them are losing money, potentially adding to Venezuela's economic meltdown.
Furrowed Brow Maybe, just maybe, the USA and other countries placed sanctions on Venezuela so they can pillage and control their resources. Is that in the realm of possibilities?
One question I have is how about the profit motive? If I have enough money to start a business and hire workers, what’s wrong with me earning a profit off of their work? If it weren’t for me, they would not be able to have a job. Plus, the profit I take in that scenario reflects the risk. I wonder what Dr. Wolff would say to that. At any rate, Dr. Wolff as always is very capable and makes you think.
He'd say you are a capitalist fascist imperialist pig of a dictator and you must be shot and your business handed to your employees. You getting the idea, renting or building the workplace, buying materials, equipment and maybe advertising pales in comparison to the monumental work your employees put it and the miserable wages you offer them, you swine. If you operate at a loss, putting in your own money or borrowing from investors, it's your fault, you're doing a bad job, but you manage to become profitable then all credit is due to the poor workers you're exploiting and underpaying and they should make more decisions on how your company is run.
WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS politically, economically.
Be careful about Equality, as none of us are equal in abilities, ambition, etc. That is usually cover for those in sheeps clothing to devour the population after they have used them (Read: Lenin's "useful idiots") for their own ends. THAT is why Direct Democracy is soo valuable. Every vote IS Equal and Counts for real value. Capitalism, by itself has no bearing on that, as all political mentalities use capitalism (China, Russia, etc, as well.). Switzerland has been peaceful, & politically stable for 700 years and VERY prosperous (98% middle class). THAT is what I want for humanity. Capitalism does NOT control them, but is used. Crony capitalism is just as evil as communism. Neither should be tolerated nor legal.
@@garym7989 - I've read this (Switzerland's direct Democracy) as an example of how (direct) Democracy could work in other topics and have come to wonder if the problem with a fair, working, Democracy is a simple matter of size and perhaps, to some degree, isolation? Do countries trying to implement it (Democracy) just get too BIG/POPULOUS for individuals to effectively get their view 'represented' in an honest, effective manner?
@@kenswanston820 Thank you for that. People make assumptions based upon not much, and they expect it to generalize to all places & all times. Who knows? Perhaps having every adult armed & trained makes it work.
"After watching this powerful and transformative video by economist Richard Wolff, I’m convinced this is the kind of message everyone needs to hear. His insights can inspire real change, because so many are still asleep. Share this with your family, friends, and anyone ready to rethink the future. Let’s spread this far and wide-together, we can start the conversations that truly matter."
![Understanding Marxism: Q&A with Richard D. Wolff [June 2019]](http://i.ytimg.com/vi/eU-AkeOyiOQ/mqdefault.jpg)
![Understanding Marxism: Q&A with Richard D. Wolff [June 2019]](/img/tr.png)
![Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]](http://i.ytimg.com/vi/0-WR6Zq7Qec/mqdefault.jpg)
I totally understand what this Man is saying.i live in Nairobi Kenya in Africa and every month the Kenyan government passes new laws just to favour big business and the very rich yet millions of ordinary Kenyans don't have clean water to drink.its like the government only exist to arrest and punish poor people.
futurefarms you should try communist then. Then you all can be as miserable as each other.
@@thienngo7252 you don't know what those words mean, do you?
Antediluvian Atheist well enlighten me then. It not like my grandparents were Chinese and I am Vietnamese that I don’t know what communist is
thiện Ngô no, read a book.
rufkin reading one. Definitely not the crappy stupid communist you been reading
Why must I pay my bank's credit card company 20-23% interest but I only get 1% interest from the bank for my savings account?
You don't have to borrow money on a credit card. My parents didn't have credit card. Don't buy things you don't need on a credit card.
@@hydrolito Can they lend me any money then? I need a car and it's more than my savings. What do THEY charge for their interest rate on loans. Do you have a Credit Card? How much is YOUR interest rate? Bet it's more than 1%. My parents got more 10-12% on their savings account. So did I back in the 1970's BEFORE "Reaganomics." I paid all my cards off my little Hydro buddy. God bless.
Because you lost the birth lottery...on a more serious note, best wishes to you my friend
Some people don't like to do this, but if you have a 401k, you can make a hardship loan from your retirement, where it's deducted out of your work check or you pay it personally. Therefore, you pay yourself back principal and interest. If you work for yourself, you can open a Solo 401k or a Roth IRA. This is a way to buy pass the banks.
Bottom line it's feudalism and always has been that the so-called governments and wealthy are in bed together to rob the people they are supposed to serve til infinitum. Watch V for Vendetta and be ready, it's overtime 😮❤😅
"“Never be deceived that the rich will permit you to vote away their wealth.” - Lucy Parsons"
Voting away wealth is called stealing and most people can see that.
@@johnmullally8711 If you have a good look at the supper rich you would see they are no better than thieves the only signifiant difference is Scale.
Great quote. It's so true.
@MrDeefer that could just be incompetence too.
Bingo!
Thank you Dr. Wolff !! You are teaching me things I have never thought about in 47 years on this planet. How about running??
That's sad for you to have wasted half your life only to be duped by socialism and a multi-millionaire capitalist complaining about capitalism. When Wolff gives away his salary and wealth to the people let me know
#NotMeUs My fellow citizens, we need to take back our country--Unite!
It’s not your country
WHile Rich got richer in these 8 years
Americans, I hope you know how blessed you are for having people like Richard Wolff, Chris Hedges, Catherine Fitts and others fighting for you people. I wish we had at least one like Richard Wolff in my own country. In my country we have a bunch of bloggers that copy everything that people like Richard Wolff does, later saying that this is their work. Amazing, unbelievable.
PORTES PORTES
Marxists, Socialists' Richard Wolff, Chris Hedges, Catherine Fitts and others' fight is to take over. They don't create anything new. They don't produce products or services. They do not create wealth for anyone. They never have. They only want to transfer it to the "worker" (which are only union workers). When they say workers, they don't represent all workers in the US. They are part of the establishment they teach you to hate. Be not deceived, They are part of the Game that is Rigged.
@brianhaley4471 are you one of the 10% or do you not see that ppl like Wolff are trying to impress upon ppl that we have far more power than we think? I always wonder about commenter's like you, most of whom aren't even close to the top 30% much less the top 10%- yet they have this unsupportable need to ignore simple truths. Study some basic history and economics- it's all there to see, quite clearly. Unless you choose to vote for those who work against your own self interests, blinded by the manure that ppl like Mitch and Musk have been shoveling your way for generations. Really, it's astounding. Regulated capitalism us not a synonym for communism. 🤔🤯🤦♀️🤷🏻♀️🙄
Dare I ask which country?
After watching this for over an hour, I began to wonder if Wolff had gotten some inspiration from Carlin, then he goes on to say George is one of his favorites of all time. Liking this guy's work more and more!
Alex Klick Tom Deweese American policy center!
Yes, his delivery is very much like Carlin, who in my opinion was a genius
Carlin was a genius in my opinion. He made the comfortable uncomfortable without mincing words. Richard Wolfe and Chris Hedges are two of my go too guys.
Thank you professor Wolff. Best talk ever, on this subject.
An incredible eye opener. Our system isn't just corrupt, it is evil. No other word for it. The wealthy 10% don't care about us and the government, they bought, doesn't give a damn about the American people, either. What Wolff says about FDR and the great depression is GOLD. We the people, are not powerless. Nice to feel a little hope, for a change.
So much has become clear to me now. It is unreal.
Just finished reading 1984. Big brother has got to go or we all are going to end up like the protagonist in that book, In love with his servitude, but completely dead inside. You think I'm being an alarmist?
You haven't been paying attention.
This entitled, establishment professor works for big brother. "Change" is an illusion presented as some new answer, but its the same goal as in any previous generation: world socialism or a one world government. That's his push as is all leftists. Always pushing "democracy" as the high ideal when in fact it has never existed in the US. Its a republic. Democracy is mob rule that will bring about a police state. We're seeing it transpire openly.
You are 100% correct, this ppl are sick and they advenced much further in AI technology then you think...
@1:25:00 Interesting point about kings... the Greek word for "king" is βασιλευς (basileus) which is cognate with the English word "boss".
Kings are the normal way of life for humans if they get enough population to need administration. Priest kings. Democracy is a trick. We still have priest kings running things, but their God is Satan.
Repealing the enclosure laws and giving the land back to the people, would be a very good start to reform.
The story of Moses everytime, told the people they were free but acting like crazy, spoiled little ignorant lads and begged for a King aka government. You're your own governer and public servants are the hired help aka security. 😉 ❤😊
I love this guy's style......Great lecture I wish everyone was REQUIRED to watch it. Unfortunately, many do not want to learn.
on the title;
The title implies that the system is not all bad but that it is RIGGED. But I believe a more accurate statement/title would be "The Game Is Designed to Work Against The Working Class".
Alot of ostriches
No crap Harold! Thanks for that.
My thinking as well .
Market declines, soaring inflation, a significant increase in interest rates by the Fed, and rising Treasury yields all point to additional losses for portfolios this quarter. How can I profit from the present market turbulence? I'm still debating whether to sell my $125k ETF/Growth Stock portfolio.
Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.
interesting. I've a lump sum doing absolutely nothing at all in my bank account, i wanna gets something started with it. You seem to be doing excellent for yourself, how do you achieve this?
Thanks for this buddy. Her website popped up on the first page immediately I searched her, I read through her resume and Did my due diligence on her before leaving a message. So, hopefully she replies soon.
if you agree with wolf don't buy stocks.
@Mussa653May I ask you how long did it take u to make that much, and who is your CFP?
They don't call 'em "Robber Barons" for nothing.
Spart - true indeed
What color were they?
This vid is EXCELLENT! I listen to him on WBAI all the time. Shared!
Magnificent breakdown of the US system. Easily understood surgically disected. Done with warm hearted panache. Bravo. God bless you.❤
I've been talking abt the financial crisis for 50 yrs also and have been cancelled by everyone. Congrats, Richard.
LOL. You REALLY need to look up the term crisis and consider how it can't be applied to a whole human lifetime of human activities. 50 year crisis - well maybe in geological terms.
@@michaeldavison9808 He was probably talking about crisis from a humanitarian standpoint ...
@oddjobbob8742 There are many other examples, probably including Noam Chomsky. Let's Go, Brandon.
@oddjobbob8742 You again? I used to work for the Republicans and started the Republican Study Group and was purged by the Coors people and then the group was disbanded by the execrable Mr. Newt. What Republicans do has never mattered. The focus should be on getting rid of Trump, who is a lifelong Dem and a Wrecker who was never more than an apprentice who had his chance a blew it. I said when the question was about me that no one should run for president as the first office and no one should run who hasn't served in the combat arms, let alone the run of presidents we've had who have never served at all. Let's Go Brandon!
I predict that capitalism will be in crisis for the next 3000 years.
I try to watch as many of Prof Wolff's lectures as I can. I feel like this video is pretty much his whole platform all wrapped up with a bow on top. Excellent work ACLU SoCal and Prof Wolf.
I CAN EASILY BEAT THIS PROFESSOR IF I WAS ON THE STAGE WHEN HE WAS GIVING THE SPEECH. HE, LIKE KARL MARX, NEVER LIVE IN A SOCIALISM COUNTRY. THE PROFESSOR DID NOT KNOW WHAT HE IS TAKING ABOUT.
@@evidencemed4256 Beat him? You can't even properly use the language or the caps lock, let alone debate economics with this man.
@@evidencemed4256 You missed the point of his talk. He did not recommend socialism or communisim or the organization of countries like China or Russia - bur rather points to MONDRAGON, in the Basque part of Spain. If you're interested in a better form of economcis and society, you might find Mondragon interesting. It's not socialist, it's not communist. Good luck!
Agree.
@@evidencemed4256 Ýou have no idea what the man is speaking about.
This is perhaps the finest, most comprehensive speech Richard Wolff has ever given. I'm sending this to all my friends... it's important.
It's fn bs is what it is.
Guy has a 2 hour lecture based on financial history, which is harder to revise than ….history. Commenters call BS without even a reason, never mind a source. Testament to the simple jack patriotism that is America.
@@2121beastmode I can always count on the wittiest repartee from Trumpists, can't I?
@@misterx6276interesting how you inject politics when nobody mentioned Trump. I guess the guy lives rent free in your mind. You should seek professional psychological help for that.
If you had two braincells to rub together you'd know this guy is a millionaire making loads of money complaining about capitalism to dumb people.
I'm so glad to hear that places are seeking your message. You say it so well. Thank you.
Prof Wolf gives very enlightened analysis of matters affecting all people who care to listen and take action
same ol' socialist bs the rich (and entitled like him) have been touting for years. He's pushing for world socialism which will be run by the rich.
You are a blessing, Richard Wolff. Thank you for your willingness to help. God knows we NEED it. I need to find what I can do also.
Laughing at you and him. Capitalism has lifted more people from poverty than any other form of government.
The socialists in Greece had a globalist agenda. They opened up the borders to destroy Greece identity and culture.
Socialism /communism only serves the political leadership and their chosen friends. Everyone else suffers.
Absolutely BRILLIANT presentation by Dr. Wolff. Well done!
ABSOLUTELY STUPID SPEECH ABOUT SOCIALISM AND CAPITALISM BECAUSE HE NEVER LIVE IN A SOCIALISM COUNTRY. HE WILL GET OUT OF SOCIALISM COUNTRY IF HE REALLY LIVED IN THE COUNTY FOR JUST ONE DAY.
Michael Bridges Tom Deweese American policy center
@@evidencemed4256 A 'SOCIALISM' country...say, England, France, Germany, Denmark, Belgium, Finland, Norway, Sweden, Iceland, Canada, Australia, New Zealand, etc.?
Like a breath of fresh air in a polluted room.
Excellent chronological presentation, one of the best I've seen.
Wow, now this truly was 2 hours well spent. Excellent presentation.
United States of Embarrassment
6-7% in Union is the figure that seems to be consistent currently in the United States.The explanation of the pension programs being underfunded.
No. Put your money where your mouth is and move to Venezuela. Who needs you
@@johnmullally8711 www.heritage.org/index/
The United States isn't even in the top 10 for economic freedom according to the Heritage Foundation--hsrdly a left-leaning group! Was the coop that he used as an example owned by the state? No. Then why use Venezuela as an example?
People like you will desire what is bad for them (and us) no matter what. It baffles me.
.
Blair Sadewitz u believe everything u read without questioning the validity. Do u ever think for yourself? Let me help u. Hong long is literally fighting to get away from China rule. Hundreds of thousands are in the streets protesting and waving guess what? American flags cause they want the freedom we have. Yet your fake list has them no.1. Singapore no.2 if u throw a piece of gum on the ground you’ll be whipped with a cane. Just stop! We’re the envy of the world and the world knows it. Too bad some of its citizens don’t.
We all need to listen to this and get organised and retake back the means of production and profits they create for the benifit of all rather than the few
Robert Hay with guns?
james deroc Robert Hay The way to benefit ALL rather than the few, is by spreading the word about a "Resource Based Economy" (RBE)...to learn more about this, just click on me, then please view videos in my appropriate playlist! If you have ANY questions re this, please feel free to ask me*...once you understand how it works, you WILL agree that it's our ONLY SUSTAINABLE AND R E A L SOLUTION, but the ONLY way to get this done, is to spread this info to as many people as possible, ASAP!
*I should inform you of one thing beforehand, though...there is a movement ("The Zeitgeist Movement") which had begun several years ago, in order to spread the word about a RBE (there are chapters ALREADY in MOST OTHER COUNTRIES)...anyway, most people in this movement don't believe in following ANY religion...I MYSELF, believe religion itself, has been SO DEFILED over time, due to the ANCESTOR'S OF THE OWNER'S OF THIS WORLD/THE TOP WEALTHIEST MF'S/THE "POWERS THAT BE" HAVING STARTED THE C O R R U P T E D versions of each of the world's major religions (in short, CATHOLICISM destroyed Christianity, ZIONISM destroyed Judaism, and the SHI'ITES destroyed Islam)...I personally believe, that THIS EXTREMELY IMPORTANT fact about religion SHOULD ALSO be spread!!!
One more thing...@1:42:18 "WORKERS' CO-OP" = works just like a "RESOURCE BASED ECONOMY"!
***** all agree on the ill's of the currant system , its in the solutions that we are divergent
james deroc How did George Washington fight the imperialists of Britain? The capitalists are our imperialists.
james deroc guns are not the way
Great video. I'm embarrassed by how much of this I didn't know!
WHERE DID THESE BANKS GET THE MONEY TO LEND???? THE BANKS CREATED THE MONEY OUT OF THIN AIR!!!!!!
They're is nothing to repay the people lent to the bank as a deposit is a loan and they lend out IOUs with so-called governments approval. That's called an inside job because you're helped the banksters. 😮❤😅
deserves more views.
I enjoy listening to Richard Wolff's talks. A lot of what he talks about I was able to come to realize (before I learned of him) through observing politics, reading history and reading about socialism and communism. I also read the constitution of My country (Australia) and I read China's constitution. The rise of the central banks and their eventual deregulation.
All this is self taught. I saw the system is flawed, but continuously praised. And no one talks about the other side.
Unfortunately I also learned I am one of few people I know who understands it on this level. About 50+ are interested in hearing/reading and sharing what I have to say.
Others although they don't respond via online platforms. In person they tell me that they read my stuff and find it very interesting.
I also provide credible sources that back up my what I am saying.
I'm no academically recognized scholar but that doesn't mean I can't share what I have learned. And when I am voicing an opinion or engaging in speculation. I will point it out.
No 👎 never talks about what history
Socialism, Marxism and Communism dud to over 100 million human beings last century.
It killed them in peacetime
By DEMOCIDE for Socialism.
One of the few economists who actually makes sense.
Captain Crunch your eating too much captain crunch!
A very inspiring brilliant mind!!!!
@@SuperDeathunder you’re*
@@stevencats7137 I hope that you’re makes u money! I also hope that correction helps liberals understand what I’m saying. I may have confused many of them. Thanks
@@SuperDeathunder “you’re”*
I'm considering inventing a new highly technical voting machine next year. I'm considering naming it "Epistle", "Proverbs", "Salvation". Does anyone have any other suggestions for a name?
A resource-based economy, localized production, alternate energy technologies, interest-free money based on gold and silver are all required to save the economy. The trouble is the upper class will not permit the middle and lower classes to acquire these changes. Not at all.
the upper class has acquired 400 years of experience in deception of poor people
Johnny bizaro Well said.
Myucef01 Yu its more than that, the longest standing conspiracy
james deroc greed is to blame
Myucef01 Yu we are so easily corruptible
anyone else's audio also like wayyy reduced in their right headphone?
I thought it was my headphones
how ironic
I was listening to this in the car and I can only hear it on the left side.
same LOL i thought my right side speaker broke until i realized it was the videos fault
@@RollerDerbyHigh bro do you know how to fix it
Richard we all need to duplicate YOU all over America. Your way of teaching and inspiring is awesome. We could use a booklet with all your ideas to pass around.
+Stella Bella Fidel Castro in CUBA already have a booklet for you and he passed it all over his country so his workers get paid $ 27.00 /a month . You should go to CUBA and see for yourself HOW Marxism works in real world .
A manifesto of sorts?
Stella Bella say it again
@@martinko4086 Your brainwashing will keep you advocating against your best interests. You don't understand what LABELS mean or how they are designed to mislead. Never studied what "Marxism" ACTUALLY means? Cuba is NOT how Marxism works in the real wold. This deliberate brainwashing has destroyed critical thinking. RW's illustrations actually does the OPPOSITE of your idea.
@@philmabarak5421 so , what is MY best interest according to you ??
This class needs to be taught to every child ages five through age 20 every week of their life. They need to listen to this gentleman and learn maybe this country could be turned around somebody figure that out and let’s get it done.
I Couldn’t have said it better! Thank you! I have watched a number of his lectures/interviews. Learned a lot even as a mature adult. As he says, important to know history. So important! He puts things in perspective. So very intelligent and no wonder he was/is a professor. I wish I had him in college. I was an economics major at first but changed after 2 semesters of a very dry and difficult professor.
I’m working on it.
I salute you sir !!! Please keep up with the good work and getting the word out. Everything you say is 100% correct in my book.
Richard please come to Ireland ,we need you badly .
Today bankers, governments, and corporations are one and the same. It’s us vs them but the masses have been brainwashed, here in Canada we had the best system for the people until 1974 when it all changed. The people’s bank of Canada was created in 1933 and belonged to the people, it printed Canada’s money at zero interest we created schools, hospitals, Highways, we started Medicare, social security and are debt was stagnant,because the people got taxed to destroy the money that was created and spent into existence for the people. In 1974 our corrupt government gave the right to create our money to the bank of international settlements and these bankers charge Canada interest and since our economy is falling apart and our national debt has skyrocketed because our tax money goes into the pockets of bankers instead of destroying the currency we get inflation. Key dates are 1913 the creation of the fed, 1974 Pierre Eliot Trudeau back stabs Canada, 2001 The Europe union and if you ask me this is unconditional but then again we don’t have a real democracy just like we don’t have real capitalism, we have cronyism with a quiet dictator. End the bankers end all wars and poverty.
End the global banking cartel. Banks aren't the problem it's who owns them and makes the rules for them.
56:40 "We've run an economy in the interest of returning wealth to the rich and the corporations" - Richard Wolff
BINGO!
TechBiz Canada read that statement. They never lost the wealth so how are we returning it? Their accumulating wealth NOT having it returned to them. Jesus!
TechBiz Canada Tom Deweese American policy center
Linda Cianchetti lol ok wealth is not being returned to Jeff Bezos. He owns wealth. He created wealth. It’s not being returned! Lmao. Too funny
@@SuperDeathunder And these top billionaires and corporations never press for laws that enable them to avoid taxes and never privatize profits but make losses public via bailouts and economic policies they use lobbyists and campaign donations to effect? None of these things happen on regular basis? And none of them crush competition and become monopolists? Seriously?
munstrumridcully never said none of that happens. I commented on the Richard Wolfe quote. It’s just funny to me that liberals have zero common sense. The ones complaining about the rich are democrats yet so are 90% of billionaires yet these democrats NEVER ask why? Why would Apple, Amazon, Microsoft , Warren buffet, Oprah, ect ALL VOTE DEMOCRAT? cause Dems are gonna side with the people and take all their wealth? LMAO. Wanna know irony? The only billionaire I know that said he’s voting trump. Guess who? The founder of BET. now that’s irony
" ... they're counting on the people of the world not to know ... "
There's a lot of that going around.
In the United States we have government employees acting as if they are in charge of the people, rather than there to serve the people. They receive payment via the people's taxes. They act hostile and try to lord it over the people. It's a psychological trick, but the people in the United States are catching on. How could we miss it? That's all we're seeing from every government agency under the Biden / Democrat administration.
I love to listen to this guy.
+Mareike Weitweg NICE fairy tails, is'n it .
@Lucas Allison Marxism is NOTHING NEW to me since I did live in socialist country and was FORCED to know Marxism in details . Reality is there are many things WRONG about this theory which constantly criticize and blame rich , for shortcomings of poor . Capitalism do NOT exploit workers , but socialism does !! Socialist CUBA pays worker $25 / a MONTH !!! So if you complain about your "minimum wage " in the USA , please MOVE to CUBA , your Socialist PARADISE .
@@martinko4086 I live in a Nordic country, a social democratic state with a nice mix of free markets and socialists programs. Socialism wasn't the problem in the country you lived in, it was the corruption and concentration of power.
@@FirstnameLastname-kn5sw I expect more intelligence from Nordic country . First you live in Capitalist free market economy, form of government social democracy, NOT socialism at all , and a pile of oil money feeding your 5.5 Million people. Socialism is common ownership of means of production . Please do NOT bring social programs in here it make you confused . BUT yes, SOCIALISM creates good ground for corruption and unreasonable concentration of power . IF you want to see Socialism , please go to CUBA .
@@martinko4086 Cuba might be better off if it wasn’t barred to trade with almost every country in the world
Enjoyed every minute of this !!
12:10 And I have an AMERICA CAN DO BETTER THAN CAPITALISM bumper sticker now, in large part thanks to people like Richard Wolff!
Do you reject private ownership?
Are you OK with the Authorities designating YOUR real-estate , or tools, or general resources to be used by OTHERS?
Tom Deweese American policy center!
@@reasonablespeculation3893 i reject private property but still respect personal property.
@@theluckycharms81592 Your assertion, as written, is vacuous....
"personal property" / "private property" a distinction without a difference....
Can you make a case otherwise?
@@reasonablespeculation3893 What I meant to say was I support the abolishment of bourgeois private property, which is gained by exploitation, and respect the idea of personal property, which is property acquired by the fruit of a man/woman's own labor.
That lecture was delivered with a lot of ease, less of a lecture and more of a story. Well educated and entertained 😺
I listen to Dr Wollf's monthly updates-- he really explains things well and invokes thought
But he’s always wrong!
@@dougrobertson555 lollipops lllllllll
Lllllllllllll
O I’ll probably get it done done o
L imo
Explains things well and proposes goals, but offers no realistic strategy for obtaining them. A master at whining.
An erudite and masterful presentation of the real economics at play that is subjugating the vast majority of people across nations and within nations.
His Marxist mentality is sad! There is nothing normal or healthy about Marxism! How about TRUTH? How about Critics of Marxism? How about the lies which take away from truth? Not Marxism! Not Progressive conservatism not about liberalism! Not about sick twisted greed? How about true Justice? How about a society which refuses to buy into these sick ideals? It's not about a sick banana republic, Its about the degeneration of morals, the degeneration of egalitarianiisam. Yes society is sick, it's morally sick! Your Marxist system is based on anything but morality! Your mentality never looks at integrity! Why? Because you will never consider anything but some kind of accodemics sensation, which convinces multitudes of deluded accodemics that inequality is victimhood. You can not perceive that locked in the isam of egalitarianism is narcissism! Securing reform, based on enmity, is decrepit! Democracy can only produce an enterprise with integrity, if the people who hold integrity in their hearts. It can only be accomplished with values, integrity, truth, honour, and justice. Your entire argument is based on power. Your us against them mentality, arguing inequality is based on divide and conquer. How about a society where truth prevails? How about looking at the very sickness which causes a people with that screw you mentality of I'm going to get it my way? How about we look at what enmity does? How about we study injustice, and do our part to change the system to a righteous society, where families, and truth prevails? It's easy to take shots untruth, it's easy to take shots at injustice, it's easy to influence people to listen to a narrative which is based on victimhood, by using depravity to persuade. How about a heart of kindness, forgiveness, and love?
He's no Thomas Sowell.
@@damienpol5215 he sounds like a sub-product of think thanks but if you wanna recommend some books by him that's the time....
Yes, PODEMOS" is a plural of: "WE CAN DO IT"
Mr. Richard I can listen to you all day, I really appreciate the time you take to EDUCATE US! Thank you! and YES INDEED! we need a change that benefits the Majority, who are the structure of these Country.
Don't ya just love Prof Wolff... Such a warm, real, caring, inspiring man. There are better, other ways to raise up the many instead of the greedy, few.... The great social anthropologist who taught for many years at the LSE in London and unfortunately died last year said... The ultimate hidden truth of the world.... Is that it is something we make.... And could just as easily make differently! He too was a great Prof of economics and critical of these rigid economic systems that have captured neoliberal economics... The democratisation of capitalism is a great model... The world is struggling to find a sustainable way forward that is more equitable, socially just and restores the social bonds and fabric that binds communities together, reduces poverty, inequalities and are socially just... Thank you Prof... Your insights reveal how that could be... If only we are bold enough to challenge the behemoths that control power, wealth and divide us. Maybe we could be a happier, less corrupted, more socially accepting, less rapacious species....history as you demonstrate rhymes and I agree, it is time....to imagine what that truth could be before we destroy not only the planet but the great civilizing nature our Species/ Communities are capable of. Mammon (unfettered capitalism) must not prevail.... It will destroy us as your illustrations demonstrate. Let us hope the movements of the young and young at heart prevail. The Century of "The self," is collapsing.... What replaces it is up to us... The Demos...I love Chris Hedges too.... His integrity, prophetic writings are a tour de force and a warning... It is vital that the US does not fall to the Christian fascists...as it appears to be heading towards ... A Pence, Cotton, Pompeo, DeVoss cabbal would be a disaster for the world? Led by a competent neocon evangelical nut job lusting for the end of days? That is what I fear and as Chris has described appears to be forming in the turgid arena that has ensued/fermented over the past 30 years or so in US politics? Let us hope a progressive social justice program of secular sanity prevails! Thanks for the lecture.....
I just love a man who thinks we should cut slack to people like mao lenin and stalin, cause they were trying a grand experiment. Cut them some slack. As an atheist, your soc jus crap is literal cancer upon our republic. The christians are the last people i fear. I fear a bunch of people who tell me I need to ask a fucking collective for my creature comforts because of some foolish notions of equity and equality that makes us less equal, and equitably enslaved.
@@baldeagle1171 The only reason why you don't fear Christians is because we removed Christianity from political power centuries ago. Before that the torture chambers of Christians were full with victims.
You sound more insane than he. Went to hear a great economical lecture listen to Thomas Sowell
The dude talks in a boogeyman voice a kindergarten teacher would use when reading scary stories to small children.
Nice of him to travel around the world to enlight us FOR FREE.
Very insightful. People need to learn and know their history. #WethePeople #EnoughisEnough #FeeltheBern
He speaks on the fall of amerikkka.
Everyone please look up "Mondragon Spain". We have it in the USA too but it needs to become the main economic & social paradigm. And we have no time to lose. If we understand that democracy in the workplace will inspire democracy everywhere, we will make the shift.
What's the equivalent of Mondragon in the USA. I'm genuinely curious as I live in Scotland, Europe
Thanks in advance
Richard thank you You are an antidote to this internalized oppression and learned helplessness we so called consumers suffer from as Americans
Don't buy the junk that makes the CEOs rich if you can .
CEO is a high-paid worker whose bosses are the shareholders that put him there (high paid as he is capable of detecting business mistakes that save millions to the company: as he saves millons in losses, shareholders let him keep part of those earnings).
Other workers will earn depending on the business productivity
tovo, you look sensational in green! Envy is definitely your color!
😅
@Dovah-chan
There's the economic reason i have explained before. If u are asking why don't i think that it's okay to intervene that economic phenomena:
Well, shouldn't we make cristiano ronaldo to earn just 50.000$ a year?
I don't think it's good or bad to earn that much. If a high income is simply the result of a voluntary exchange between people the outcome doesn't bother me the same way it wouldn't bother me if some people willingly decide to make out.
There's also the consequences on productivity (thus on wages and prices for the people) that would arise when the price or wage system is distorted by any non-economical motivation.
I do not consume goods that only serve to enrich CEOs of large corporations
Which includes Amazon no way
I support the underdog and the little guy always
Excellent presentation.
Capitalism is the system that favors certain skills more than others. Some of those skills are:
- Efficiency in killing, fooling, manipulating or destroying (whatever it takes) the competition.
- Efficiency in exploiting others for personal profit.
If you have those skills - you will be just fine here...Maybe not if some psychosis makes you miserable.
Yeah you are right, look at all those workers exploiting their employers out of their hard earned money something needs to be done about this injustice.
You are an idiot.
Capitalism favors skills that can produce a product which people are willing to buy.
And leftist entities are bereft of corruption? Name 1 that isn't. WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS.
@HMSBlackPrince Once Basic food, fuel, shelter, clothing are widely and cheaply available, the Capitalist will naturally begin to produce upgrades... Eventually there are superfluous , more expensive, versions of necessities...
When every house has a stove, next people will want Central heat, then they want A/C...
Pure running water to every house is an historically astonishing achievement, but people will next want hot and cold running water,,, some will want a whirlpool bath.....
When beans and rice are abundant and cheap, people will want hamburgers, and then Steak... and so it goes.
Should the Gov. make it illegal for people with No resources to spend foolishly on unnecessary amusement?
Should the grocer not sell a bag of Chips to the low IQ Adult, who can't feed their kids?
Should Gov. mandate that salty Snacks be unavailable to anyone, so as to guarantee stupid people don't waste their limited resources?
Who decides if I'm permitted to buy a house with an unnecessarily large lawn?
Should Realtors be banned from "staging" houses to entice buyers?
Should the potato Chip company be banned from glossy packaging, and celebrity advertising?
The Dear Leader WILL tell us what we like or do not like, and what we will or will Not think....
so, be careful what you ask for
you may get it
Hilarious explanation of this rotten system :D
cr4yv3n he's forgetting to mention concentration CAMPS
@@lindacianchetti3599 America already has concentration camps
@@ollieyang4613 They're called FEMA Camps. They are hidden all over the US. I only have to go 20 miles from my home to find one.
“Corrupt politicians make the other ten percent look bad.” - Heinz Alfred Kissinger
"Thus it is easy to understand how law, instead of checking injustice, becomes the invincible weapon of injustice. It is easy to understand why the law is used by the legislator to destroy in varying degrees among the rest of the people, their personal independence by slavery, their liberty by oppression, and their property by plunder. This is done for the benefit of the person who makes the law, and in proportion to the power that he holds." Frederic Bastiat (1801-1850).
This is not a new world - it is simply an extension of what began in the old one. It has patterned itself after every dictator who has ever planted the ripping imprint of a boot on the pages of history since the beginning of time. It has refinements...technological advances...and a more sophisticated approach to the destruction of human freedom. But like everyone of the super-states that preceded it - it has one iron rule: Logic is an Enemy and Truth is a Menace. - Rod Serling (The Twilight Zone)
The George Carlin influence is apparent and also greatly appreciated
The CEO's, board of directors and principal stockholders are "self-made millionaires" by giving the lion's share of the wealth produced by the employees TO THEMSELVES!
The employees exploit the CEOs by gaining access to equipment they could never afford to buy and using it to earn a profit using the machinery.
This idiot competition is nothing but rhetoric.
If so, why you don't try to be the CEO?
@@AvNotasian if all the workers pooled the money together they could. Is not like the ceos buy the equipment outright. Many times they lease it or finance it. Capitalists have to rig the game in their favor, that’s how confident they are.
@@evidencemed4256 that’s a stupid statement.
@@davidl5119 if the workers pooled the money together that would be called a company and they would be the owners. Of course people borrow money to buy assets, how on earth would anyone ever be able to afford this equipment if their income depends on them having the equipment.
"Capitalists have to do X" Capitalists don't exist as a group exclusive to workers, your very own example would make the workers capitalists. You are a buffoon, but worse than that you are a buffoon who buys into communist rhetoric, how dumb are you?
Great teacher just lays out the accurate information without any b.s.
Wolff is a hack
"...without any b.s."?????
How about the 5+ minutes he spends talking about how in demand his speaking appearances are?
Like: "Dude! Just bring yourself to completion so you can quit stroking your Ego and get to the point!"
Yes comrade ass hole.
@@cross5808 He does like stroking his ego, when the gift to gab...is classified as hard work.
It is all so clear when Richard Wolff explains it. Brilliant!
Del Seibold Tom Deweese American policy center!
That's because he makes up the parts he wants. The social programs created during the great depression is the reasons why it was "great" and not just a recession. His whole argument is that it worked to end the great depression, so the ideas work and the truth is they caused the great depression.
@@jeremiahdickson569 That is some serious copium there my friend. The first great depression was the result of policies that were implemented after the first great depression was well underway.
Wow, just wow
@@jeremiahdickson569 If FDR made things so bad for Americans then why did they keep electing him president?
@oddjobbob8742 We can feel the terror Wolff inspires in you, my friend.
He is your worst nightmare.
The child of poor immigrants who through hard work and real grit rises to a high place in the Capitalist system yet he remains honest enough to be critical of that very system.
If it were me, it would make me question the system but that is me. I doubt you are brave enough.
Bernie Sanders has it right and so do many others. We must organize, and we are off to good start but we need many more. Is now the time, or will Americans continue to suffer more until they finally get it. #feelthebern
I am not suffering but do think of others. I got some grandchildren growing up. Only uneducated people with no social skills, resolve conflict by calling people names. Obviously you are not well read or would know we already have many social programs in America including schools, libraries, VA hospitals, EPA, FDA, medicare, etc. Its pretty easy to know the middle class is shrinking, that called statistics, and that corporations have been paying less than their fair share since the 80's increasing yearly, and that Wall Street is holding everyone hostage because our money is mixed with their speculations. Bernie has been consistent in his voting for all Americans for decades, is not the typical corporate politician backed by corporations, and is not an entitled billionaire who gets support by promoting bigotry, racism, and said if he ever ran he would run on a republican ticket because they were the most uneducated, FOX TV new watching bunch. Of course the poorest states in the nation are in the south and those happen to be where the higher percentage of uneducated outwardly racist people live. He also buys into fear and you know ya'll are all such good Christians. NOT!!!
+Dianna Trimborn Middle class is shrinking, because of " socialism" in America. In USSR ( UNION OF SOVIET *** SOCIALIST *** REPUBLIC ) after Bolshevik revolution in 1917 , was NO MORE middle class, but poverty, hunger,( 20 million died from starvation ) forced labor etc .. If you want to know how socialism end up in eastern EUROPA in 1989, ask me , because I grew up there in REAL socialism . You do not understand the BASIC difference between social programs- in Capitalism and real Socialism as economic system , where rich become absolutely rich and powerful, as a STATE officials , where is NO justice for any ordinary man . Bernie is "good hearted man " who do not understand how the economy works . I recommend , that you visit socialist CUBA, free education, free healthcare, NO unemployment, worker makes $ 0.05 / hour .
Bernie is not advocating for socialism is the pure definition. He is expanding social programs we already have.He is not trying to get rid of capitalism just reign it in a little. It was that way before Regan started with trickle down. Are you objecting to the top 10 % making more money, or having wall street speculation tax to expand and pay for public college, or overturning Citizens United, and Glass-Stegall? Are you against the #TPP ? I am not buying into your fear tactics of trying to compare os to CUBA when it was a communist nation. If #TPP goes through it won't matter, many countries including states will be working for nothing. I am not responding to you again, as I am finding the repetition quite boring, and please do what ever you need to do as far as your vote, if you even vote,
+spaciousky I have no idea where to begin in addressing a low brow ignorant person such as yourself as you throw words around and have no real facts context no understanding wisdom and the like but let me answer like this:
Since you like capitalism so much go to one of those third world countries with out strong governments where corporations own those fiefdoms where 2/3 of the world live on less than $2 a day try your bullshit arguments over there because the most tolerant of people in third world countries would think you are crazy.
+Andrew Stergiou ******Do US corporations own also production in socialist CUBA ?? OBVIOUSLY not. " As you know " $ 2 a day is very good PAY in CUBA . Do you feel sorry for them ??I DO NOT !! THEY choose socialism, now they can "enjoy" socialism .
Professor Wolff:
After receiving my college transcripts, I was shocked to see I was given 4.0 GPA for Philosophy. I remember barely hanging on! Interestingly, I remember one important comment from a professor: "German Philosophers are much better read in the German language as they were written, as the translation into English becomes less poetic and fluid. Thank you for your work.
David Maes - Gallegos
Even more relevant today, after 7 years! Wolff is lucid!!
🤣
Funny how two people can listen to the same thing and get opposite views...this guy is a nut lost in his own irrationality.
And what, exactly, do you think has changed in seven years? We're farther down the path than ever.
@oddjobbob Tried boiling your head? Would no doubt smell like old cabbage!
Well worth the 2 hours to watch!
This vid is EXCELLENT! I listen to him on WBAI all the time. Shared!
+David Markham But did not come out as what he said about Greece , they did agree what the masters Germany say , austerity ,austerity in a big deal . it's happening right now .
+manny mo - We will have to remember to FIGHT the greed here more intensely.
debbiedogs1 yeh fight fight it's just talk and no actions . the rich are getting richer and the poor are hit hard with cuts and it's getting worse for them by the day
people need to be educated before they can take action
Described well here but when has it been any different? The powerful control the government on more levels than rigging voting systems.
Alchemy Tom Deweese American policy center
He told us when it was different. During Roosevelt's administration
@@steppenwolf3252 Yawn. Try again.
Right, kings & popes, rich tax poor, accumulate land & expand markets, enslave enemies, control banking & wage wars in the name of (fill in the blank)-- thus it was ever so as long as people could write.
Thank You for expressing this point of view. I thought I was all alone by seeing the evils of Capitalism. To bad the media is in the hands of so few.
I THINK IF YOU LIVE IN A SOCIALISM COUNTRY ONLY FOR ONE DAY, I WILL BE ANGRY AND COME OUT RIGHT AWAY. YOU LIKE SOCIALISM IS BECAUSE YOU NEVER LIVE IN THOSE COUNTRIES
SORRY "YOU WILL BE ANGRY FOR LIVING IN A SOCIALISM COUNTRY FOR ONE DAY"
Jackson Moore Tom Deweese American policy center
@@evidencemed4256 You are a credible witness to the evils and failings of socialism/communism. Sad the so many would trade their freedom just to satisfy their envy of the rich. There are plenty of non-capitalist countries to move too. Those swarms of people risking their very lives to get to the US are mostly from the socialist countries practicing the "economics" suggested by Mr. Wolff.
One of the very few economists who speaks the truth!
In general all economists speak the truth. If you find yourself thinking a person is one of the few that does, your probably being lied to. Wolf is know for often saying quite literally whatever he wants inspite of any data as well as building his positions on the back of countless logical fallacies, most notably utopian fallacies.
While Thomas Sowell is a Benedict Arnold, corporate sell out
In my country there is a system called Koperasi (roughly: Cooperation) which one of its principles, under law, is that the management must be performed in a democratic way.
See "The cooperative movement and some of its problem" by Paul Hubert Casselman.
hello Marc how are you doing today. Maria from LA, single and looking for new friendship OK
Worker-owned, worker-controlled workplaces---it's the only way to go forward. In the "managers'" minds, you who do the work are the very last thing to consider if at all. Our daily work condemns us to feeding the Profit Machine that's killing us. We have to stand by the value of our daily work, and if we do so, we WILL win. Hope many, many people hear this!
Who ever owns the business is taking on the liability, opportunity cost, and general risk.... The owner therefore suffers all losses, and reaps any profit.
If workers wish to Unite and Buy Out the Company, good for them.
But, most workers would rather take their wages, and leave the complications of running a business to others with the appropriate expertise.
WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL ALWAYS BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments. D.Democracy WORKS.
@@reasonablespeculation3893 Do the owners pay their workers in line with the productivity they give the company? No, the exploit the fact that people need to live to pay their workers well below their worth, while paying execs well above their worth.
Also, the whole point of LLCs and the like is to mitigate the risk, abd the biggest monopolistic companies make the losses public with bail outs. I really think you are looking at this with rose colored glasses, and ignored the ever growing inequality and the way that the top billionaires and corporations use their wealth and power to influence legislation that favors them and makes sure that the working masses are in no position to compete with them. We have oligarchic crony capitalism, I don't see how anyone can deny this. The history is plain.
@@munstrumridcully Question...
Do you think ownership of personal property (house, farm, machinery, buildings, tools, etcetera) should be permitted?
@@reasonablespeculation3893 Question-- are you ever going to address my false dichotomy point?
Private property is fine and irrelevant to how we structure the means of production. The means of production has a huge effect on the society as a whole. A more democratic system would benefit society more than an oligarchical one.
Please address my point on your false dichotomy or just move on. I don't deal with red herrings.
Love listening to the insight of Richard Wolff. Thanks Richard. Please keep educating us....:)
54:40 Someone at the mixer must've turned off a mute on a side or bus channel for a second, right when Prof. Wolff gestures with a big voice. Great timing! It gave me a chuckle. Wait for it.
Great presenter. Clear and capturing presentation. Thank you for sharing.
TechBiz Canada he is paid by the capitalists to engineer your mind into communism for THEM!
What people don't understand about Democratic Socialism is that we already have the socialism (for the rich). It's the democracy that we need.
RW is one of the best professors I have seen in my life!
Maybe, it's on the name Richard like late Feynman
Hi Richard from Greece.
Devoted fan of yours.
filippos Tom Deweese American policy center!
We must protect Professor Wolff!!! He’s one of few who speak this kind of truth to power! ❤️✨
Love this guy, best lecture. Thank you. Mr. Wolff. Amazing
Glad I discovered Professor Richard Wolf.
Mr. Wolff, you are just Superb .... your narrative is truly honest and and easily understood. Very delightful to listen to you... an excellent orator of this generation!
Oh well done Mr Wolff. Such an eye opening oration.👍
Why don’t you do a question and answer forum?
Prof. Wolf used to teach at Univ. of Mass. in Amherst, now teaches at N.Y. Univ. He is easy to understand and talks about an idea whose time has come.
leo Obrien , it is june 2021 and capitalism is still standing strong and socialist CUBA is still fucking poor . Your " professor WOLFF is still full of BULLSHIT !!
@@martinko4086 Look around, capitalism is not standing strong. It was proped up by a 1.9 trillion dollar bill. With a wealth inequality that has surpassed that of the French revolution. Comparing the GDP of Cuba to the US is like comparing a shed to a skyscraper. Education is indeed key, which ironically Cuba crushed us in. Have a nice day!
@@ChitWhitly I do NOT see socialism standing strong . Eastern Europe , USSR , Venezuela , Cuba , please point to me some strong socialist country !! I am comparing GDP of CUBA PER CAPITA to GDP per capita in USA . USE you brain , YOU IDIOT !!
@@martinko4086 Only one of those countries is socialist. You did not mention per capita anywhere in orginial post. Why are you yelling and calling names?
@@ChitWhitly In my original statement I did NOT mention any GDP at all !! Where are you getting your Bullshit from ?? I am calling YOU an IDIOT , because that is the truth . YOU do not have education in CUBA , you have a FREE brainwash . MOVE to CUBA you will get the "BEST " education you dream about .... and do NOT come back .
Apart from the content of the speech (parts of which I find way too utopian) it is impossible not to admire this man for his oratorical skills. I quite simply found it impossible to unglue myself from this performance, rather long as it is.
Richard Wolff is a great teacher, he knows his subjects, Par Excellence ! What a joy listening to this man. Thank you so much, Richard.
hello Sydney how are you doing today. Maria from LA, single and looking for new friendship OK
Thank you Mr. Wolf, you are one of the very few people that provide articulate meaning and understanding to this subject matter.
The best advert for Socialism is Capitalism.
And vice versa.
+3MonkeesInDenial you are brainwashed by de- mock - RATS . Your welfare check is coming from my taxes. I am working and you do not . Where is the balance, you IDIOT.
+spaciousky yeah cuz its really that simple.... facepalm :\
spaciousky a pure moronic idiot you're . Brainwashed product of capitalist propaganda . You can't fight with facts so you use emotion and feelings just like the alt right idiots
Chad Smith
Do you know Maria, or Sara, or her brother? I got the hints already.
Love.
4 sure.
Those Colombians I met through some other Greeks.
Then I worked for those other Greeks too, almost at the same time. Too crazy. I met the sweetest Russian at the Colombian connect.
Her name was Galina, as you know. She's a white Russian. You know.
Love.
I Couldn’t have said it better! Thank you! I have watched a number of his lectures/interviews. Learned a lot even as a mature adult. As he says, important to know history. So important! He puts things in perspective. So very intelligent and no wonder he was/is a professor. I wish I had him in college. I was an economics major at first but changed after 2 semesters of a very dry and difficult professor.
I was commenting on “gunner...” comment.
You speak the language of losers
Awesome! I hope a lot of people will get more knowledge about economics and Income Inequality as a must to better equip everyone how to make a wise decision to their lives.
If everyone is equal, why bother doing anything?
My spiritual father!!! Love you, Prof. Wolff
Excellent lecture. It followed creation which was built under rights.
Yes
See you the US Constitution and Bill of Rights.
Billions of human beings want to move to the USA as soon as possible.
Like right now.
Well worth the listen.
Hello ACLU of So Cal! Great presentation. I would love to show this on our Missoula Community Access Cable TV system. (MCAT) Who would I talk to to get copy right permission?
zootown! just a heads up, I'm trying to get a Socialist Alternative branch going here. Not sure if you'd be interested or not. If so, let me know, I can get you to the right contacts.
Chris W. Best of luck from Mobile Bay Socialist Alternative in Alabama
***** Nice to know there's organizing going on in the region. I'm in New Orleans doing cooperative development.
Tom Deweese American policy center! Agenda 21 learn what it is.
One of the good guys…. Thanks you doctor. Respect from Ireland for your honestly and truths. 🇮🇪💚☘️
Edit: Professor, not Doctor. Apologies !
Much respect to you sir.
About time people start listening to him.
Social consciousness is waking to the reality that the capitalist system has failed. I believe that the 99% are shifting incrementally towards an understanding that the inherent fairness of a socialist framework is the only way to ethically rebalance our communities. However, I can't see us achieving a successful turnover of the current system without vilification and even assault from the present powerholders. Especially with massive surveillance in place, organizing a labor opposition to the entrenched mainstream will be difficult and probably messy. But this is an exciting time to be alive, when we can look forward to the possibility of real economic equality for generations to come.
P. Kelly yes i agree
Capitalism is a massive success wherever it is implemented.
China is an excellent example of the power of capitalism to raise people out of poverty.
Venezuela is an excellent example of the power of socialism to plunge people into poverty.
@@DaveWard-xc7vd argumentum ad Venezuela, nice. The socialist country where 70% of the means of production are privately owned, hmmmmmm
@@vallokius886
Under the tenures of Hugo Chávez and his successor Nicolás Maduro, many businesses abandoned Venezuela. In 1999, there were 13,000 companies in the country. By 2016, less than a third of companies remained in Venezuela, with only 4,000 companies operating in the nation.
The nonprofit Transparency International says it has identified at least 511 companies that are either wholly or majority owned by the government of Venezuela - and 70 percent of them are losing money, potentially adding to Venezuela's economic meltdown.
Furrowed Brow Maybe, just maybe, the USA and other countries placed sanctions on Venezuela so they can pillage and control their resources. Is that in the realm of possibilities?
where is the sound??
Four years later, this is still Profoundly insightful. EAT THE RICH!
EAT THE POOR ! , there are way too many of them and they are worse than just useless, they are parasites.
It's simple. It's slavery worked a different way.
Just wait until Socialism put you in chains of poverty and despair.
@@davidlafleche1142 Like what happened under Roosevelt right?
@@wreck-creation Yes. In fact, Roosevelt tried collectivization. He then gave away Eastern Europe to Russia at the Yalta Conference.
This brotha right here kept it all the way 💯.
One question I have is how about the profit motive? If I have enough money to start a business and hire workers, what’s wrong with me earning a profit off of their work? If it weren’t for me, they would not be able to have a job. Plus, the profit I take in that scenario reflects the risk. I wonder what Dr. Wolff would say to that.
At any rate, Dr. Wolff as always is very capable and makes you think.
He'd say you are a capitalist fascist imperialist pig of a dictator and you must be shot and your business handed to your employees. You getting the idea, renting or building the workplace, buying materials, equipment and maybe advertising pales in comparison to the monumental work your employees put it and the miserable wages you offer them, you swine. If you operate at a loss, putting in your own money or borrowing from investors, it's your fault, you're doing a bad job, but you manage to become profitable then all credit is due to the poor workers you're exploiting and underpaying and they should make more decisions on how your company is run.
Thank you. Just thank you. I could never articulate my gratitude. Thank you professor.
Great segment! Wolf killed it!
Wolff*
Well said. Capitalism and Democracy cannot not co-exist in reality to have equality.
WE DON'T need ANY Political party. ALL political parties/classes are always corrupted. Switzerland, a 700 yr old, STABLE Direct Democracy. No need for political classes to be and WILL BE corrupted in what ever form they exist, Central Committees, Congresses, Parliaments.
D.Democracy WORKS politically, economically.
Be careful about Equality, as none of us are equal in abilities, ambition, etc. That is usually cover for those in sheeps clothing to devour the population after they have used them (Read: Lenin's "useful idiots") for their own ends. THAT is why Direct Democracy is soo valuable. Every vote IS Equal and Counts for real value. Capitalism, by itself has no bearing on that, as all political mentalities use capitalism (China, Russia, etc, as well.). Switzerland has been peaceful, & politically stable for 700 years and VERY prosperous (98% middle class). THAT is what I want for humanity. Capitalism does NOT control them, but is used.
Crony capitalism is just as evil as communism. Neither should be tolerated nor legal.
Nor can white people and the rest of humanity,
👉🏽If history is any judge...
@@garym7989 - I've read this (Switzerland's direct Democracy) as an example of how (direct) Democracy could work in other topics and have come to wonder if the problem with a fair, working, Democracy is a simple matter of size and perhaps, to some degree, isolation?
Do countries trying to implement it (Democracy) just get too BIG/POPULOUS for individuals to effectively get their view 'represented' in an honest, effective manner?
@@kenswanston820 Thank you for that. People make assumptions based upon not much, and they expect it to generalize to all places & all times. Who knows? Perhaps having every adult armed & trained makes it work.
"After watching this powerful and transformative video by economist Richard Wolff, I’m convinced this is the kind of message everyone needs to hear. His insights can inspire real change, because so many are still asleep. Share this with your family, friends, and anyone ready to rethink the future. Let’s spread this far and wide-together, we can start the conversations that truly matter."