Economic Update: How US Capitalism Uses Nationalism
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- Опубликовано: 19 сен 2024
- [S11 E17] How US Capitalism Uses Nationalism
From 1945 to 1990 we were told a great struggle pitted capitalism against socialism/communism (chiefly the USSR and China). Yet still today, US leaders demonize Russia and China despite the end of communism in the USSR and a huge growth of capitalist enterprises in China. The explanation lies in US capitalism's long history of using nationalism (i.e. foreign dangers) to justify tax-payer funded government actions to protect, subsidize, and support major capitalists' dominant position in the US economy.
Read the episode transcript: www.democracya...
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Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now! www.democracyatwork.info/books
"Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges
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I'm a simple worker. I see prof. Wolff, I press like.
@J Rhoads Even bought the book. The man deserves a yacht for his work of elaborating on leftist theory.
stop it
I wish professor wolff a long long life so the world could be wiser and saner with his light.
I wish more people could/would appreciate Professor Wolff's wisdom so that humanity could become more harmonious and channel our collective energy into global endeavors.
Michael Hudson also! His article from a few weeks ago talks about a lot of the same things as this episode.
michael-hudson.com/2021/04/americas-neoliberal-financialization-policy-vs-chinas-industrial-socialism/
It's time to have him on for a couple hour conversation. One half hour episode is not nearly enough time!
As a retired teacher, I try as best I can to popularize his teachings. There are a lot of scarcity of mind Americans that can easily be manipulated with the mere mention of the work "socialism", which is not the issue.
Chinese here... The insight is so clear that everything becomes reasonable. Thanks, professor Wolff.
Ethnic Chinese or PRC national?
@@mecha37000fighter both are the same
Very few are like you Professor Wolff in the West. Praise for your great insight and honesty.
You know why? He promote the corrupt failed Marxists government in Cuba. What a horrible disaster. He is so wrong!
@@keithmoschetto3566 I'm afraid you've been too heavily propagandized by American imperialist religion. Think for a second how many countries the US governments since WW2 has committed aggression against (Korean War, Vietnam War, Iraq War, Libya, Palestine), They also installed radical right wing dictatorships that slaughtered their people (ex. Colombia, Chile with Pinochet, Guatemala, El Salvador, Duarte in Nicaragua, The Shah in Iran after helping to assassinate conservative Mossadegh, Ronald Reagan creating the Mujahadeed/Taliban to depose the secular president Najibullah in Afghanistan, Installing Suharto regime in Indonesia that killed millions in the rural areas and East Timor).
Question the assumptions of the elites that utilize YOUR ignorance to further their purposes that ultimately harms everyone.
@@antimattv That's an extremely long post. Are you from China??
@@keithmoschetto3566 ... and that's not extremely long. It takes five words to spread lies, but many paragraphs to dismantle them. Also I'm from Canada (big white boy).
@@antimattv Move to Cuba. The dr praises Castro for what he did for the people. Most would flee if they could.
Excellent analysis Prof Wolff.
How big is a Billion or even a Trillion?
Just remember: a million seconds is 11 DAYS, a billion seconds is 31 YEARS and a trillion seconds takes us back to the Stone Age. By the Bronze Age we'd worked out how to deal with debt. A time when all personal debts were regularly forgiven and everyone was happy.
31,000 years ago was the Stone Age
@@ben1147 You know I had it down as the stone age to begin with but the poet in the whisky got the better of me. The cold light of day makes it even worse does it not. Looks like that's where we're headed.
The historical errors aside, the essence of the comment is very clear and a good one.
@@got2bharmony Cheers man. I'm reading "and forgive them their debts" by Michael Hudson right now. Highly recommended. The accuracy of the stone age seemed too depressing at the time.
I like to think of millions, billions, and trillions in terms of computer storage. A megabyte is a million bytes (a sub 1 minute song), a gigabyte is a billion (10 or so full albums), and a terabyte is a trillion (many thousands of albums).
Michael Hudson is a great history teacher, on the subject of all things finance and debt forgiveness related. I wish him, Prof. Wolff, and Mark Blyth would have many long format conversations.
I read another article somewhere that hunter-gatherers are the happiest overall society there is today.
michael-hudson.com/2021/04/americas-neoliberal-financialization-policy-vs-chinas-industrial-socialism/
Just signed up for Patreon. There is no other source of information like this that I've found in my life. Great speaker / teacher, talking about issues that truly matter. Thank you Prof. Wolff.
From the the founding of Fortune magazine in the early 1930's and publication of 'Nine Chains to the Moon', to the publication of 'Critical Path' in the late 1970's and 'Grunch of Giants' in the early 1980's, a recipient of the medal of freedom named R. Buckminster Fuller tried very hard to warn his fellow Americans about these things.
Australia is a small echo chamber of American politics. The fervent nationalism being stoked in America is now ringing here in Australia, it has become a key factor in the deteriorating relationship between Australia and China. Australian politicans have failed to learn from the history Dr Wolff so eloquently elucidates here. Thank you so much Prof Wolff for all you do.
Which is odd, seeing as China bought Australian resources which shielded them from the global financial crash in 08.
@@DJWESG1 The Aus gov's new foreign veto laws are one example. Aimed at China, they enable the government to step in wherever they choose (on 'national security grounds') to cancel deals between states here and other countries. Keep an eye on the Port in Darwin China has leased to enable easier trade between the nations, highly likely the deal (under pressure from Washington) will be skittled by the Aus gov.
@@AxiomBlurr presumably, a power they always had.
@@DJWESG1 not so, Victoria was signed up to China's Belt and Road Initiative. It took these new laws to allow the Fed Gov to step in and cancel Vic participation.
@@AxiomBlurr I would have thought that had it posed a security risk the state would have the power to intervene. Maybe it was hyped up to create a hostile environment for Chinese companies.
Professor Wolff is really on his game these past few episodes. So brutal at taking down the absurd narratives pushed by the media.
And the politicians.
12 years ago I moved to ex Soviet Bulgaria - I was astonished to find out that they were terrified in the 70's and 80's that we were going to drop nuclear bombs on them. When I said I thought they were going to bomb us they looked at me like I am an idiot and said "why would we drop bombs on our fellow workers?"
Incidentally - everyone living in a city here had access to a nuclear bomb shelter, every apartment block has a shelter below it. Who got them in the west??? RICH PEOPLE
A lot of these tactics are inherent to any Empire, this is what maintaining a hegemonic position always looks like
I mean, back when I was in school from say 1998-2014 American Exceptionalism was the mainstream line in Schools. Therefore, this sort of information is still useful.
Apologetics
Great video as always Professor!
as usual a great informative show, Prof. Wolff. I thank you.
This clip of Prof. Wolff reminds me of one of the most valuable experiences that I have ever had. It was in 1990/1 when I was working a part time job during Jr. College as a dockman on The San Jacinto River. We were just yards away from The San Jacinto Monument and The Battleship Texas (BB35). Thats where I met Soviets for the first and last time. When I first showed up at my dock that day I had absolutely no idea that I would have a huge Soviet ship tied to it. They were supposed to be our enemy. I was briefly intimidated by the giant hammer and sickle prominently displayed on the ships funnels. I then looked just ahead of the ship on the opposite bank and saw The Battleship Texas (BB 35) and The San Jacinto Monument, (where Texas won it's war for independence from Mexico) we were on the former battleground. That intimidation instantly vanished. My family was extremely and uniquely involved in Texas' growth, then independence, so I refused to be intimidated right there... on my dirt. I also realized that The Battleship Texas was on station shelling Normandy on D-Day which opened the Western front up to the Allied invasion taking some of the pressure off of The Soviets who were our allies batteling the Nazis on the Eastern Front. Usually I worked a 16 hour shift twice a week, sometimes more if I wanted overtime. I had plenty of time to meet the enemy and share the significance of that spot to the English speaking members of the crew. I would pause while they translated to the others. I was aware of how they were really listening and paying close attention. The ones interperting would point at the same things and say it in Russian. I'll never know if they were correctly translating my words or just telling the others 'just act interested in what this guy is saying and keep nodding'. It felt like a great talk to me, I was enjoying sharing Texas History. One Russian speaking guy asked one of the English speaking guys to ask me if "I had family that fought at The Alamo", I heard the word Alamo among some Russian words. I replied yes, then explained how there were two battles at the Alamo. The first battle was called 'The Battle of Bexar', thats when the Texians took it from the Mexicans and sent them back to Mexico...without their cannons. The second battle is when the Mexicans came and took the Alamo back and killed almost everyone. The second is the famous battle everyone knows. I then told them about Goliad...and 'The Runaway Scrape' and how that led to us looking at what we were looking at. I talked for over an hour.
I was truly honored by their "Boss" they called him, whom I would learn later that evening was the Soviet political officer...not the Captain, who invited me to dinner later that evening. It was an amazing experience. My duties as an oiler only required me to be at the manifolds, not far from the top of the gang plank on the main deck. I had never been invited within a ship before..especially not for dinner on a Soviet ship. Most of the guys went back to their duties but a few stayed and talked for a couple of hours until he suggested that we go aboard and see some of the ship before dinner. I called the controll room to let them know that I was going aboard so they would know to get me by radio if they needed me.
I entered the first door and immediately saw the red line that denotes the boundary beyond which was ' Sovereign Soviet Territory '. I read a statement posted there and signed their log book. After the tour of their ship we all sat together in a common area just outside the " Boss' " office and talked before dinner was served. I wish that I could express the pleasure of visiting with them to yall but it was truly something that you can only fully appreciate by experiencing it. I enjoyed watching the anticipation on the faces of the non-English speaking crew as they waited for what I said to be interpreted to them. Laughter is an international language. When I would say something that caused the guys to laugh the others were so eager to get the translation that they couldn't contain themselves. It was so much fun. We just kept asking about life in each others countries as well as their interests in Texas and if being Texan and American were the same. At one point I said something that even had the political officer howling with laughter from his office after which he just joined us. I had asked them "is it true that in some parts there were no stray dogs in the USSR because they had to eat them to keep from starving". The English speaking guys fell apart crying laughing and the others were demanding an interpretation. It was amazing. I ofen wonder if they were filming our interaction and if it could be possible that there is a recording of it somehow that I could get. They surprised me by asking to have a close look at my blue jeans tags/labels. Here I was the only American on the ship and I took off my #6 fuel oil stained Levis and handed them over so they could inspect the stiching and tags. I was wanting an interperter at that point because there was such intense discussion among them in Russian about my pants and everyone trying to get a close look at them as they were being passed around. I momentarily thought that I might be part of some kind of plant hazing or joke from some co-workers by having to come off that ship without my pants. However when one of the English speaking guys asked me if these were "real Levis" and I answered "I didn't know where to get fake ones" I could tell from their expressions that their interest was genuine. I told them that I had a few pair in my locker. Thats when I learned that if something was not welded to the deck of the ship, it was something that could be traded for Levis blue jeans. The guys looked at "The Boss" and he just gave them a look that said 'go ahead'. I not only traded them my jeans from my locker but I told them that I'd trade the ones that I was wearing if they had clean Soviet overalls like the ones they were wearing, so I wouldn't be pantless. No problem. I was picking stuff out, making some trades, I had a nice pile of stuff inside a large canvass bag sitting just inside 'The Sovereign Soviet Territory', or door... for me to carry home after dinner. I felt like I was looting the place.
I'm wearing a new pair of Soviet overalls when they brought out caviar and vodka. I thankfully declined the vodka, because I was at work, but I tried the cavier. I was impressed that they served caviar, but was unsure about trying it. I ate some on some kind of cracker but didn't chew it all up. They showed me how to properly 'savor' cavier which includes a sip of vodka. I might have savored a bite or two before dinner. Then at dinner they kept rolling stuff out.. we had seafood, roast beef, potatoes, corn...and several kinds of bread. A few things like asparagus and some kind of mixed vegetables I didn't try but they had so much to choose from that I didn't feel rude. I am not very good at trying new foods. They were great hosts. Conversation over dinner was different because there was mixed languages as well as some translation and clarification while eating.
What absolutely...overwhelmed me was among the pies and various desserts they made a cake, it wasn't fancy, just basic yellow cake or something and frosted it like the Texas flag. They did a really nice job, they even stuck a single Soviet toothpick flag and a single U.S. toothpick flag in the cake. I was clearly visably moved by their thoughtful presentation. I realized right then that they had probably began preparing that cake before we traded for my jeans. I believe that my having shared the historical significance of exactly where we were in relation to Texas' History as well as the unity we felt when I shared the significance of The Battleship Texas and it having fought as an allied ship in WWII on D-Day is what made the cake. I remembered how one guy excused himself right after I gave them the Texas History lesson earlier in the day. He may have been one of the cooks. Anyway when they presented the cake their tradition I guess was to let me cut the first piece. The Boss had returned back to his office, which was connected to the dining area where we were. When I cut the cake I took the first piece over to him in his office and thanked him for his hospitality and asked him if I could get him some Levis'. He seemed like a good guy and the crew seemed to genuinely like him. He gave me their schedule and it would be possible that they would still be there two days later when I came back, but not probable.(Weather can effect the fueling process.) So I went ahead and asked him to show me approximately what sizes he would like his jeans. He didn't want them all his size, he wanted one pair but the others were going to be gifts so he asked me to get them a little larger so they could be taken in if necessary. Thats when I realized that Levis' of any size would be appreciated. When I went back to eat my cake I let the guys know that I was going to try to bring them back some more Levis in two days.
After listening several times to this presentation, I have to say that is one of the most salient and sapient discussions of the world situation that I have EVER heard! We won't hear this analysis on FOX or MSNBC. Ever. I have never encountered anyone in the entire media universe that exposes the reality of the present moment like Professor Wolffe. He is an astute academic. Not a businessman. Not a politician. Isn't it curious that you rarely -if ever- hear from him on "main stream media"? I have to thank him personally for feeling like I ain't crazy!
I know exactly how you feel. Professor wolff is a blessing to the world.
Russia had a neoliberal oligarchy imposed in 1990 by the US. An estimated 22 million Russian people died in that process. Every year from 1991 at least $25 billion was extracted from Russia and deposited in various financial centres, mainly London and New York. to be funnelled into off shore tax havens and the FIRE sectors.
Is it any wonder they are none too keen on US "democracy"
@@Jay...777 👍
@@knyazigorthe8617 Hi K, I'm just reading "and forgive them their debts" by Michael Hudson. Highly recommended.
Maybe check out his vids on YT. I cant post you the links cos the TY algorithm thinks they're too subversive. Search - The Peoples Forum NYC - for one called, the history of debt from antiquity to today, or something like that. Cheers for the thumbs up man. Enjoy.
@@jimbodriver1015 Gorbachev thought he could cut a deal but the US imposed neoliberalism in one hit under Yeltsin - an alcoholic easily bribed. The US also promised no expansion of NATO into the boarder states - so now we have the Ukraine problem as The US defaults on that promise. Since Americans will put up with anything if it's wrapped in patriotism a new enemy had to be manufactured to sustain the oligarchic elite in power - terrorists being the chosen option.
Once again, an excellent, succinct and important analysis. Wish more would hear this. Thank you, Prof Wolff!
Fantastic presentation. Really enjoyed it.
Profesor Wolff you are the best honestly
Professor Wolff for President
I wish
@ayy lmao sad but true
Wow very powerful. Thank you professor Wolff.
Down with the bourgeoisie
Power to the people
Slogans mean nothing.
@ayy lmao rythmic and bite size so they can be chanted by mobs of mindless zombies. Designed to appeal to the base emotions of imbeciles. You know, people who resort to violence and insult at the drop off a hat. Lmao
Rome's King, the people in mass can be deceived also.
For the uneducated here's a little more flesh on the bone.
The "bourgeoisie" are the bankers, the hereditary rent collectors, the coupon clippers, the Trust Fund kids, who collect UNEARNED income for sleeping at night. And all those who suck up to them, to suck up some of their cash with an easy ride - like politicians and the liberal elite. All the bourgeoisie suck the life out of the real economy. For entertainment they like hurting poor people, and gloating from their comfortable positions of excess wealth.
The "people" are all those who work for a living to make EARNED income. They make and do useful stuff. They build the real economy to provide everything that makes life possible and enjoyable.
@@Jay...777 Well done, Peter, for educating everyone on what everyone knew already. You forgot the government elite who claim interest of the people yet sell them out around every turn. Everyone figured this out in early adulthood, tbh.
Clear, true and so powerfully explained political analysis by Professor Woolf. Top video. 👏💪
Brilliant! A masterpiece!
Very clearly explained.
Love the poignant recognition of the profound role anxiety plays as a driving force behind our capitalist system. Have to find an enemy.. and then it becomes clearer how this anxious compulsion of powerful elites promotes nationalism, ideological polarization and fundamentalism. And on and on to today.
Narcissistic injury drives the whole American nation: from the tramp on the main streets to the overlords in wall street.
Don't read the writings of Anthony Sutton on Wallstreet and the Bolsheviks or Wall Street and Hitler.
Prof. Wolff,
thank you for your excellent and well presented analysis!
Very very powerful!
I really enjoy this economic update series. Thank you so much for all your work!
I only got 6 minutes in to this video and already decided that he NAILED IT! The #1 problem with this country. EVERYONE would be doing just fine, if not for that, and we spent the money in an equitable manner. But CAPITALISM says no.
A classic fascist tactic.
Also, nationalism and religion are close allies.
Thank you, Professor Wolff, for this excellent report!
Excellent talk Professor, thank you.
Illuminating knowledge. Warmest hug from Indonesia, Richard..
Every video always has well explained points about world's economy and geopolitics. Thank you, Prof! Always looking forward for each episode.
Very informative
It's a pleasure waking up to these videos
You professor will not be forgotten. Employers/employee need Democracy in the work place.
Spot on, amazing video
First time I listened prof Wolff. Amazed to hear him👍
Thank you Prof Wolf 🤗
Wolff gets this one mostly right, the infamous "military-industrial complex" has way too much influence in our gov't.
This seems very reasonable...
Are you a born conservative? Just curious, always interesting to meet younger people who see things different.
Thank you prof Wolff
At the risk of sounding "woo-woo", collective Humanity HAS to come to the realization that ALL 7.8 billion of us live on a tiny, tiny little speck of dust floating in an IMMENSE void. We really ARE special. The petty international struggles based on power and greed makes the Universe laugh and weep.
Yes, and we are about to shoot our specialness in the foot as we continue to pollute the planet and heat it up toward the point of human extinction.
...this remarkable phenomenON.
Marx was right about how capitalism brings itself down with its own contradictions.
For nationalism's roots, causes, uses, evolution and manifestations I recommend "Nationalism and Culture" by Rudolf Rocker.
What you said .its very true. Thank you prof,
Great video by the way.
Very important conversation. Wish more people could see this Sinophobia and Russophobia with a more critical eye.
Well done Professor I have a habit of saying that!!!!
First, This is very good. I really wish professor Wolff were my real life professor.
Second, I really want to know what professor Wolff think about boycott & sanction in connection with Capitalist & Nationalism.
Thank you.
The "war on terror" would fit this narrative even though it supposedly has nothing to do with economic systems, but certain clues may tie it to the same group of people; for example Cuba is on the "State Sponsors of Terrorism" list.
Iran is on that list too. I mean it is a menacing theocracy functioning as reckless and predatory state-capitalism right now, but how did this happen to Iran? The conspiracy that killed Mosaddegh also ties to the subject of imperialism by a corporate-empire.
Read Pawns in the Game by William Guy Carr. Then you'll have a clear picture of what's going on.
Abolish the Prison Industrial System.
I agree, the idea someone can profit from someone else's incarceration is wrong beyond belief. The private sector has no incentive to change the lives of those incarcerated.
Always informative.
Prof Wolff, the Cold War ended the first time in the 1960s. R Reagan revived it in the 80s because the 60s were the best days of his life.
Professor Wolff! Thanks for your good insight. We need more people who can think like you in this society. Your lecture has been very helpful to me.
Home Land Security is a huge financial burden on American citizens
Great report!
What he talks of can be found in Howard Zinn's grand book "The History of the American People." a Great read :)
Pray that more people watch this. Our lives depend on it.
A real intellectual so outspoken .a thinker never seen in today's American society.
Brilliant as usual professor Wolff! I wish every American would watch this video. I too worry about the surge in nationalism in the United states. It is a scourge that leads to nothing but heartache.
I wish I could unlearn all this stuff and be proud of my country again... sigh.
There's still some stuff to be proud of.
@Goth Vaush - Jedi Master Engineer pretty sure we humanity won't be here in 1000 years.
This was such an awesome episode. I think it's ironic how with ideals of nationalism, the enemy doesn't even have to be foreign necessarily. Domestic citizens who cause "dissent" or are seen as somehow being allies to those foreign targets of nationalist ideology can be just as targeted, such as with xenophobic nationalism in general, White nationalism, Christian nationalism, etc. that lead to attacks here at home. They each have their own ideologies of what narrowly defines us as being "American" (e.g. born on American soil, being White, or being Christian), but they're attacking large proportions of Americans in the process of scapegoating and dehumanizing a targeted (primarily but not exclusively foreign) enemy, too.
I really loved this episode, and thank you so much to everyone who puts in the work required to make them. Andrew Seidel's got some great recent works on Christian nationalism, but I've been looking for some similar works on nationalism with everything going on globally at the moment, which has been difficult to find... But I so badly wish public school history classes were taught with curriculum designed by Richard Wolff. Any ten second increment of these videos would be worth more than years of the mythological BS of "The British are coming!" historical fiction nonsense. 🙄
EU is always timely and informative, but I think this one is like a laser in terms of clarifying what is happening right now. Thanks, Prof. Wolff!
You’re an eye opener professor Wolff.
I'm starting to learn the economy better now , I tend to compare notes between what you have to say and what is stuck in my mind . i seem to be heading in the right direction ........
Professor, many thanks for giving us a great insight into the reality. Can you please also give a talk on the US dollar hegemony and why the US needs to maintain such a predominant military presence around the world?
One of your best talks.
Nationalism often masquerades as "patriotism"
(Part 2)
Thats when I realized that Levis' of any size would be appreciated. When I went back to eat my cake I let the guys know that I was going to try to bring them back some more Levis in two days. I let them know that they would be used Levis but I'd get as many as I could afford. Their money was of no use to me, so they traded me more Soviet stuff. They were very happy with this arrangement and shared how much they could trade them for them back home but especially how they wanted to bring back some for their women. I completely understand their wanting to impress some special girl back home. These Soviets were not so different a species as I had been led to believe. They just wanted some American stuff and since everything they traded was cool with the boss, it was fun for me. I tried to not be greedy but they had cool gear. They certainly wanted Levis. I rounded up a few more pair from some of the other guys in the plant. I then asked them if they wanted a Texas postmark on any letters they wanted mailed and that I would take their stuff to the post office. They liked that idea and went off to their bunks to write letters. They said that they had some kind of international stamp that should work just fine. I told them that I'd cover any costs if it wasn't too expensive and a few of the guys let me know which letters they'd prefer get mailed if I could only afford to mail a few. I asked The Boss if he wanted to mail one and he thankfully declined. It was already morning by now so we had pastries and tea for breakfast and I was working out how to say goodbye, and how I'd try to get some jeans back to them. I got all my stuff arranged and one guy carried my bag of loot and I carried the mail back down the gangplank and rejoined the free world. I took their mail straight to the post office and handed it to the mailwoman she looked at it as if she saw it everyday, said the stamps were fine and I paid for the ones that didn't have stamps, the total was less than $20. I have no idea if they made it to where they were supposed to go. I then went to Foley's where I got an employee discount because for several years I'd work there during Christmas, so I bought three pair of new Levis for The Boss. I just left the recipt in the Foley's bag. I then bought up several duffel bags of Levis at Goodwill and took them back out to the plant the next day. I put the Foley's bag in there and got them to one of the guys who was out on the dock. I caught them just as they were fixin to leave in the next few hours. The Houston Shipchannel pilot was already aboard and getting his flag ready to raise, but I didn't go back aboard the ship. I handed off those duffel bags to one of the Soviets and he kissed me on both cheeks and seemed happy to go show the others. I don't think he spoke English. Yep you caught me. I cut class that day to go spread some American capitalism to those dang Commies and get kissed by a dude. It was less than a year later when the Soviets closed up shop permanently. It was my Levis blue jeans that ended the cold war. They got home and started trading those jeans and the place just fell apart with capitalism. I am sincere about how special an experience that was to me. I've always wondered about how the guys made out when the Soviets split up. I wonder what The Boss is up to, I guess he had to find a new job. Perhaps he traded his Levis well and secured something for himself. I really appreciate your perspective Professor Wolff. It's definitely not the people that cause problems between nations and economies. I liked their kind of Communism and I think they appreciated my kind of Capitalism. I represented America well, and did it in a Texas style.
7:30 Nationalism, at base is, as Lee Camp often mentions, the idea that we should care more about one group of people than another because they were born on the other side of an imaginary line...Level 4 of discourse...
I break it down like this:
Horse race of political personalities (Lvl.1)
Comparison of policy positions (Lvl.2)
Science/philosophy behind policy (Lvl.3)
Science/philosophy of why we create societies (lvl.4)
Science/philosophy of founding systems (Physics/metaphysics) that create the human being and universe (Lvl.5)
Got it. Thanks professor
Replace the word capitalism with white supremacy in this video and Prof Wolff is spot on. Also, replace the word nationalism with racism.
No need to replace those words, just see them as the vehicles for those other things.
Suggest you talk about IWW and crushing ruthlessly by capitalist governments in US of labor organizing from 1880-1932. The brutality tells us a lot about the irreconcilability of capitalists with real socialists.
I have the just faintest memory of being a toddler and dad was watching the news of the Berlin Wall falling on the old rabbit ear tv and it was really boring with that Regan character droning on and I wanted my cartoons please. I believe after my 50th ADHD lap over the couch he gave up and went to listen to the AM radio back when that was still credibly a source of news. We fade into the fog of time with Bugs and Daffy...
When Gorbals took over the Nazi Propaganda Ministry, he called all the execs together and told them what he wanted. "There are only 3 things you need to remember to be successful here, entertainment, entertainment, entertainment. If I find any propaganda coming out of this ministry the person responsible will be executed." He was high ranking SS. They knew what to do.
@ayy lmao Both were right.
@ayy lmao Man is a many-flawed animal. Let us count the ways. I count greed as prime among them.
@@jimbodriver1015 It was bread and circuses, a ploy used by the oligarchy to placate the masses. War and games is another maxim from Rome. They used debt to to concentrate ownership and power in an oligarchic elite. Caesar introduced bankruptcy laws and proposed further reforms so he had to be killed - Et tu Brutus. After that the collapse of Rome was certain. The Assyrian Empire is another parallel to our own. That ended suddenly at its height, pushed over the edge by an extended drought - everybody resented their military power. Climate change will reveal a similar fate for the US empire.
That's the only reason why he's very powerful today because of capitalism.
Thank you so much for your incredible work Richard!
The U.S. Defense Dept. used to be called the War Dept. Only the name has changed to protect the guilty.
I am impressed you are still making this show after that video game guy made it very clear that historical context is irrelevant. /s
😂😂😂😂
If your talking about Tweeker Destiny that guys a joke. He doesn't know shit about Economics Richard went to Standford, Yale and Harvard where Destiny go Sesame Street?
@@NinaCantHearU LOL, that's a dis to Sesame Street! Which not only teaches early critical thinking, but good manners. ☺
@@stephaniecarrow4898 it was first thing that came to my mind ur right though
I got it wait Destiny dropped out of Trump University
All happening in the UK now. The flag-shagging at the moment is absolutely unbearable.
The issue is US imperialism with its fascist foreign policy.
And usually install fascist governments in-line with their views.
This channel is being suppressed by youtube.
People always say that Eisenhower warned about the military industrial complex, I would argue that Eisenhower initiated the military industrial complex, after all it was under his administration that the Manhattan project was started.
Good going, Prof. Wolff. I love your insight but I am not sure where this is originated. Back in the James Bond years, 007 already fighting for nationalism. Could this be inherited from the UK?
Thank you.
Americom was chartered to conduct sustained security engagements to promote a stable and secure political environment in North America in support of African foreign policy.
Obvious sarcasm
Holy HELL the video quality DAW has now is amazing!
Spot on..couldn't agree more!
The chineese accuse Boris Johnson of Genacide of the most severely disabled in the UK comparing this failed primisters actions of the Wegas in China. In 2013 135 thousand plus lost their lives when George osbourne cut disability incomes,whilst 60 % of those who died of CV19 were disabled which exceed a further 80000 people.
The question is will Blinken now put sactions on UK ministers who committed genocide against the disabled just as the international community put sactions on Chinas Commonist party ministers who ordered the internment of chinas Wagas? Chineese state media has ammunition to criti0cise the failed UK government over the wagas crisis and Hong Kong.
Clearly Biden has zero tollorance of this type of abuse from a western nation.
Can we all agree that Prof. Wolff looks younger than he is.
Why is nobody talking about Cruptocurrency at this moment? It's on a bull run and a lot of people are defintely gonna miss out on that just like the last time
I'm a huge fan of Crypto. I hold a few coins in my blockchain wallet
Been investing in the crypto world for 2yrs now I can say its really profitable
Yh no doubt the crypto market has earned me alot you just gotta understand the market
Bitcoin Trading is the best thing I've ever done since the inception of Cryptocurrency
It's very profitable for real man
EXCELLENT Explanation.
Thank you. I have been mulling over this issue in the few weeks. I am a cheerful pessimist. I believe that it will inevitable that the future in America/ USA will be a Nationalist Fascist one. Because we have such a distorted version of Capitalism here and those in power will do anything to keep it.
yeah, I do agree- " it is too late..." The question is why did this happen ??
Because "prosperity" is an illusion that normies like to believe is true.
Why? Because in dog eat dog capitalism, the almighty dollar is the lord/master. How? Monopoly/commons were privitized, then those oligarchs bought congress, because, again, the almighty dollar is the lord/master. tWhen there is no social safety net, some people sell their souls to ensure they don't fall through the cracks into capitalist hell... no land, no health care, no home, no job, maybe a disability check if one is lucky. MMT proves the only reason to tax people is to prevent them from forming oligarchy and taking over the govt, like we have now, except the govt has been taken over by non-entities, corporations, which never die. Tax wealth, not income, and make freeloading corporations like banksters, insurance cos, MasterCard, Visa.... Mortgage Cos... all get free money.. but charge real interest to YOU. Make the freeloaders should pay the tax, not the laborers.
The question is not why. The question is: "what happens now?" US is now expendable. They may still be consumers but they are no longer as valuable. They seek to reach new, wealthier, consumer sectors and more controlable governments. Why is Pfizer requesting military basis for access to vaccines? Why are there world uprisings and puppet presidents in more countries than ever before? The rate at which US is printing money and sucking the wealth out of US as a whole. Does US become Haiti? Should we be looking at the Roman Empire to what happens to a country and land after capitalists move on? What does a global society become when the lifeblood has been sucked out if it? The world grows... How does US die? What and how are things get impacted as the empire dies in today's day and age? What does it take with it? What are the ripple effects around the world?
Great program
4700+Starbucks in China with plans to grow at the speed of one shop every 15 hrs, typical optimism of American and European conglomerates in China. Dec 15, 1978 Carter pledged One China Policy and Taiwan to be province of Mainland. Dec 18, Chairman Deng announced Reform and Opening of China. Opening to what? To American business. Deng visited US Jan 1979. GE, Exxon, Coca Cola, Philip Morris were first to dig wells. Soon after Caterpillar, John Deere, Boeing, GM... BTW, Xinjiang has been buying top of the line Deere cotton machines for 2 decades. China and Germany were old industrial friends. Deng also visited Japan. Siemens and Panasonic had Representative Office in Beijing from 1983.
Wondering which nations look healthiest currently and moving forward, in terms of human rights, economy, agriculture, water and climate...
Mostly the exslaving, colonizing, and genociding nations.
@@Redactedlllllllllllll Aka: China, Australia, Canada and New Zealand.
I have no doubt whatsoever that China, possibly Russia and even Cuba will learn about mRNA vaccines and soon surpass the US pharm industry in supplying vaccines to the rest of the world. What I don't know, is the reaction of the US population when we are denied new vaccines to fight the upcoming variants produced by the US's negligence in supplying the global south with enough vaccines to curb the current pandemic. My guess is that Jan 6 will look like a picnic. Also, these countries will likely find cures for cancer and maybe even heart disease long before the US and our government will make it illegal for us to obtain them.
Seriously, folks, that's how evil things are getting.
Ecnomic policies with 5Eyes come with their Military interventions to protect Trade, investments and national interests.
Great video. Some say the Cold War ended circa 1991 or 92 depending what metric one uses (end of USSR, end of Warsaw Pact). Still valid points. Here is a good chart showing US Defense Spending visa vi the ten largest spenders in the world. China and Russia combined would be at most a third of the US spending. Iran and N. Korea don't even make the list. I have seen some charts where Brazil is on it, others where Italy was on it. Cold War ended 30 years ago and we are still waiting on our Peace Dividend. More fire suppression bombers in the US and fewer Stealth Bombers in Europe.
If we taught history and civics with just a little honesty we’d have a better world