Prof. Richard Wolff: A Post-Capitalist Economy
HTML-код
- Опубликовано: 2 окт 2024
- Support the show! Become a Patreon: www.patreon.co...
One time tip / donation: www.paypal.me/...
Stickers: www.mexiestore...
___
Podcast: totalliberatio...
___
Democracy at Work: www.democracya...
Democracy at Work on RUclips: / democracyatwrk
Prof. Richard Wolff on RUclips: / richarddwolff
Mexie does an excellent job of interviewing by not injecting when Richard is developing his ideas. Excellent program.
I agree 100%. She is not concerned with showing off her knowledge. She lets someone who is a world-class expert in economics explain things, but acts as the lubricant that lets the ideas flow. It's the Johnny Carson philosophy--the less Johnny had to say, the more the guest was in the spotlight, the better the show. And the next day people would say, "Carson was hilarious last night." It's why I hit subscribe.
I also agree that Mexie does a great job. I just wish he wouldn’t interrupt her on the few sentences she speaks.
Seriously I was just thinking the same thing.. best interviewer on RUclips by far 😄
Well Richard could make a little room for making it a discussion. At the 12 minute mark I was getting anxious because of the endless monologue he was having. I like Richard, but he does what Bernie does and what Chris Hedges does - the same speech (topic wise) every time and I feel he could give something else that's also interesting if someone derailed him a bit from the typical structured speech. This is a frindly critique, I like listening to him either way, even if I sometimes get a bit anxious during the speech.
a wink my dear
I always appreciate how available Prof. Wolff makes himself to others to share his knowledge with. He practices what he preaches.
I don't know about practicing what he preaches. He lives in Manhattan. I don't think it's Spanish Harlem either. And he has made that money off of the backs of many failed people.
But what he does do is have the decency to realize the system that made him wealthy is unfair. If he practiced what he preached he'd be a lot closer to homeless than Manhattan.
@ Socialists aren't allowed to have anything above a contemporary working class subsistence level of income/personal wealth while living within the capitalist system? Really, we're still doing this?
@ accepting a job isn't equivalent in any way to being a private owner of a capitalist enterprise, so while I don't know the specifics of what you're referring to, I'm not seeing a contradiction here.
As for him living in a wealthy residential area, what has that even got to do with market socialism? Whether he lives in a modest home or not, how exactly is the fact that millions live in inadequate housing and hundreds of thousands are homeless, while more than enough empty homes are owned by private landlords the responsibility of one individual under the capitalist system? If he is in fact a private landlord, then you might have a point here, but I currently have no reason to believe that is the case.
Much like my man Engels, who cares if he's a well off individual, when he's actively working towards undoing capitalism? What individuals do is irrelevant in the face of addressing the system those individuals operate within.
Forgive me if I'm not seeing the nuance of your apparent contradictions here.
@@WendingWind Then you're ignorant.
I've explained in depth the answers to your question.
Richard has chosen to OPPRESS other people with his own choices. He has chosen to be the beneficiary of children being charged enormous sums of money for an education. He has chosen to take more real estate than he needs for himself.
If you think the reasoning behind him being a socialist is to share ownership, you're mistaken. He has chosen to be a socialist to stop oppressing other people. Shared ownership is the requirement to get to his goal.
@ Irrelevant. By your logic, anyone who chooses to be a beneficiary of welfare payments is oppressing the working class under the current system by leeching off the tax payer who has no say in how much they're taxed, anyone who works for a corporation is complicit in the non-democratic decision making that goes into their horrible, multinational business practices, anyone who doesn't want to live in a shitty slum, deemed adequate under the current housing standards, because their job can afford them a better accommodation is being greedy.
I don't know any socialist who believes any of this.
42:15 "There is no private sector left. Everyone is on government life support." Galaxy brain moment
Totally
Correction: Big Business is on government life support. All that small businesses and most ordinary people are going to get besides a one-time check is a pair of bootstraps.
Multiverse brain moment: There is no federal reserve, just a brainwashing and blueprint center run by the spoiled brat hivemind to make everyone else miserable in "The Good Place" otherwise known as Earth
When government closed down everything and now spends money that it took (and will take ) from that private sectore. :D
@@LeftoverSundriesMan a pair of bootstraps, but no boots to use them on
Wow this guy rules!
Most leftist channels make me feel hopeless or angry, but every single video in this channel leaves me with a positive outlook. You rule, Mexie.
Love the profs views.
@@Braun09tv that's a symptom of an undemocratic working place, not a cause. When the labour schedule/labour value falls within the directives of the labourers collective, it no longer is problematic. Theoretically, working hours are not essentially problematic, unless they're forced by a traditional business owner (under capitalism).
@@Braun09tv Agree. I mean what you said is factually true, in the case of the US (but I'm not American so I really think the endemic specifics in this case are irrelevant. I'm taking in concept). And I'm not sure what you said contradicts with my statement. Either way, if the workers space is truly democratic, the hours will probably be reduced, but not necessarily. It will be their choice basically.
This anecdote might give a glimpse as to the absurdity of our misinformation and our political situation.
After the Berlin wall came down American feminists, who in their own country had never seen paid maternity leave guaranteed by law, flocked to Eastern Europe to teach women’s rights to women who would have had up to four paid years of maternity leave if they wanted it. Plus women had guaranteed work in jobs of their choice with free educational training and equal pay to their male peers.
This statement is not against feminists. It is to say that Americans in general have been so brainwashed and misinformed that the left is routinely manipulated to help destroy the very progress they wish to see.
It's too bad Wolff is sorta like that too, hearing him say "Stalin is bad" made me cringe, you know he's not talking about the theory of productive forces
That’s so good really shows the absurdity of identity politics without class consciousness
Thanks Mexie for bringing us the 🔥 content. No hype I’m genuinely grateful for all the good work
I love that simple aside statement of "as a chronically ill person" preferring a socialist economy. I've experienced myself that potential employers rejected me due to my health being a "financial risk", and I'd love getting to a point where either I can be offered work without discrimination, or I can at least live in peace without work.
So, basically, if you're rich, you do not like true democracy, because you want to keep your comfort and luxury - not to mention your POWER!
That's ridiculous. True democracy is the many bullying the few. If I'm rich, it's usually because I used my skills and gifts to provide the most value to society. Who are you to tell me how much value I can gain from services rendered? You purport to have some tenuous at best monopoly on righteousness and moral standing when you advocate little more than the greedy many demanding more and more resources via the threat of monopolized violence against the talented few. Perhaps you should rethink your position ma'am.
@@thoyo Ahahahaha you trolls are getting funnier and funnier by the day. Any day now you might reach sentience too!
@@robertstan298 I have no respect for your ad hominem attacks. Speak to the merit of my argument or go be childish somewhere else.
thoyo It has been shown time and time again that it is inherited wealth and the access to capital that give capitalists the ability to increase that capital. Most advances in technology or science are made in educational institutions and then leveraged by a corporation through patent to create a monopoly on something they have done little to innovate. The revenue rendered by said corporation should be shared by all who made it possible, not just those with the capital who invested in it. The “greedy many”, 😂😂😂. Capitalists have the monopoly on violence via the police and military. You’re that ignorant. You’ve got Hillsdale material written all over yourself. @Ana Franklin is right on point with her synopsis.
@@fedexpress14 You'll get little argument from me that the corrupt police force has rained violence upon the very people it was supposedly created to protect since its inception. As far as capital being horded by capitalists to an extent that it "oppresses" people, that's nonsense, the majority of millionaires are so without the benefit of inheritance. If you're unhappy with your lot in life, gain an in demand skill that provides more value to society that will allow you to capture more of that value for yourself and live a more comfortable life.
I have little time for culture wars so I don't really know anything about Hills dale.
I think Professor Wolff is easily one of the most important of the western anti-capitalists around. I don't know if I am on board with market socialism, but he's a skilled lecturer and is able to convince a lot of people to take that first step towards rejecting capitalism, which is invaluable.
Thank you, Prof. Wolff. Without your lectures, I'd probably not be calling myself a socialist.
Socialism is a lot harder to accomplish than people think. But look into Social Democracy, its very much so just what we have now just more people oriented. It would be a really good bridge to the utopias people anticipated in the 40s-60s, things like UBI would be a good step there too. Suddenly we would have a majority of people not Financially stressed, leading to them choosing better jobs, paying debts, funding righteous political candidates, and most likely having the leisure to explore creative outlets, something we are in dire need of
@@humanp4th Social democracy doesn't work without imperialism to back it up. Yes, social democracy would probably really benefit a lot of disadvantaged people currently living in the United States, but it would do so at the expense of the poor internationally, and would fail to address coming disasters like climate change, the collapse of the world economy and the issue of the power structures being antithetical to the interests of the vast majority of people on the planet, therefore reforms can always be rolled back piecemeal. (Virtually guaranteed, corporations don't like being taxed.)
Y'all had a shot with Bernie Sanders and he himself endorsed Joe Biden. That should tell you all you want to know about social democrats imo. They don't stand for what they claim to when push comes to shove. They have always proven unable to hold on to any ground gained.
Do you mean Wolff has actually identified himself as a market socialist? I don't recall him ever using the term to label himself with.
@@ewqdsacxz765 Apparently he doesn't... Which confuses me, IIRC I'm pretty sure what he usually talks about is market socialism. I think he might just present it as one solution, or an immediate solution.
@@WendingWind I'm not so sure that all these concepts are mutually exclusive, theoretically or even practically. But I do think it's sensible to say that, to be a market socialist, one would have to disapprove (to some degree) of planned-economy models as such, which Prof Wolff doesn't seem to.
You know Worker Co ops are successful when Bloomberg was asked during the Democrat Leaders Debate this very question and the response was "Absolutely Not!!!!".
The rich stay rich by spending like the poor and investing without stopping then the poor stay poor by spending like the rich yet not investing like the rich
You're absolutely right sir
You see many people remain poor because of ignorance
@Jose Sanchez Yes I'm a living testimony of Mr Modest,he has changed my financial status for the best. All thanks to my aunty who introduced him to me
Mr Modest is obviously the best, I invested $3,000 and he made profit of $28,000 for me just in 15days
It's not about watching videos and wasting your time on strategies, I was ignorant doing so...so I decided to try Mr Modest and ever since then he's has made about $14,000 for me on every $5,000 I invested just in 2weeks
Another talk with The Godfather of socialists. 😁
Keep it up, Mexie. ❤️✊
@Azhag Dark So democratizing the workplace is Capitalism? Far from it. It is a socialistic idea that the work place has to be owned by the workers not a small group of people that dictate to those that do the work. The idea is to have worker control the means of production and eradicate private ownership of the means of production.
well said, actually working co-op existed in USSR and has been existing in China for a while. I would not take this as capitalism.
@Azhag Dark You are totally wrong! Dr. Wolff doesn't claim to be a Socialist, Comunist or none of the above as you pointed out in a very silly matter. What Mr. Wolff does is to criticize the Capitalist System for its multiple failures and all the miseries that it has brought upon humanity, whether you like it or not.
@@bradleyp3655 Azhag is an Idiot! I bet that he is one of those miserable poors that will give up his life for the rich and powerful.
@Azhag Dark In Europe he would perhaps regarded as a kind of social democrat or christian democrat..
Love listening to Professor Richard Wolff talks. Very interesting.
As a member of a worker co-op cafe they can be great but they need external structures to keep them as political as they should be.
This is the point I was trying to get at with my question.
What type of external structures? What do you mean by “as political as they should be?”
@@davidvartanian I can't answer for Emmanuel, but working class control of the government is what I meant.
@@jonnym4236 How are you going to manage that when they are all lawyer scum ?
@@davidvartanian I think a workers' democratic government and state planning. The market system and its inherent anarchy needs to be abolished.
Wolff. makes a good point: In this pandemic, there is no private sector .
everyone wants to be bailed out by the public sector.
still, i found it a strange way to phrase the situation.. the public sector is basically bought out /subservient to private $$ interests
Prof. Wolff describe the better version of Capitalism. Now, you have to work so many jobs, or the bosses wants to dictate your private life, as well. This makes you a, full time, slave. So, you say you have a good job, but many are forcing employees to drug, and alcohol, tests. They force the employees to sign non compete agreements. That makes partial sense, but they will want you to sign over all creative property rights, as well. If you work for a pipe factory, the factory owner will own the royalties from your children's books, or your music. Many owners are denying workers rights to any social media, or not being able to voice their own political voice. Though illegal, employers ask probing questions about an individual's private life. We are slaves. The unemployed are discarded property, finding themselves in employment resale shops. Much of this is not legal, but the lawyers, judges, the police, and government sides with the employers. If we want representation, the worker needs to start representing each other, because that is all the representation we will ever get.
I'm just about to write a paper for my masters in social work about imagining a sustainable, non-consumer focused post COVID-19 world, and this video is just perfect to help my writing. Thank you for the amazing video!
Non consumer focuses, so should the economy just be focused on heavy industry or making tanks as the civilian population starves because you are trying to not focus on the people (consumers).
Are you going to post your paper? I would like to read it. Maybe you could email it to me. Thanks
I REALLY hope I can see that paper when you're finished. I'm in a BSW program right now with plans to continue for an MSW. I want to incorporate this kind of work into my education and eventual work as a social worker. PLEASE POST THAT PAPER
I suggest some of Daniel Schmachtenberger's podcasts about Sensemaking, Ubiquitous Psychopathology, and creating a non-self-terminating civilization. There's a channel called "The Seeking" which features futurist thinkers. "Rebel Wisdom" and "The Foresight Institute" as well.
I'm working (at a leisurely pace) on the platform for an alternative political party incorporating what you are imagining.
We Leftists need to stop talking about this amongst ourselves, begin making outreach to the masses of working-class people, and make effort to form working-class organizations that might, sooner or later, coalesce into larger worker soviets.
Agreed. Where do we start? How do we do it? How can we grow fast enough to make a difference now?
I've just discovered Mexie after seeing her interview with prof wolf on Democracy at Work, I've listened to a couple of episodes of the vegan vanguard and have been blown away by the quality of information, her knowledge of political economy and insights - and I'm not vegan or even vegetarian (yet).
Jeremy Corbyn in his manifesto said that when businesses want to sell up they have to offer it to the workers and the government would lend them the money.
If Mexie is becoming the home of Big Theory discussions, I'm more than fine with it.
To add onto Mexies newer video on being tired of negative critique I have to just say how fresh it is to hear Wolff talk about Co-Ops. I feel more empowered and more inspired, but I feel like I can succeed with it in a concrete way in my own private life.
Another great one, Mexie and Prof. Wolff! Can't wait for your next one!
If CEOS make 300% more than the average workers in the company, say you make $20 an hour, now times 300 that's $6,000 an hour. Times an 8 hour day, that's $48,000 a day. Times 5 days a week, that's $240,000 a week. Time 4 weeks, that's $960,000 a week. Times 12 months in a year, that's $11,520,000 a year. And you wonder how the rich are so damn wealthy????? And that's ONE GUY IN A CORPORATION compared to the people doing the work!
Democratic confederalism, worker-customer owned co-ops, and liquid democratic systems are the way forward. ✊🏿✊🏽✊🏾✊🏻✊🏼
@transylvanian authority of any form even in a form of "dictatorship of the proletariat" will always be corrupted. I agree that a system of decentralized co-ops is the way to socialism and democracy
@transylvanian You are right. The co-ops idea is very popular by the artifical left.
So we can ask this pro capitalist leftis : Why haven't you not already started with your co-ops ?
@@chaseaslinger3923 The channel of the Finnish bolshevik has made a good video why co-ops are not working and have nothing to do with socialism. One Link for example ruclips.net/video/lro-8GOpmSk/видео.html
I like deliberative democracy so throw in some citizens' assemblies too. Need to talk about stuff and listen to each other in good faith to come to understand what you really want at a given point in time. edit: Also a UBI for similar purpose.
What about class struggle methods and socialist revolution? Overthrowing capitalist rulers?
Great show! Kudos to you mexie for letting your guest talk. Very good! Great job.
Wonderful conversation, please do keep collaborating.
Professor Wolff needs a bigger platform. His teachings are priceless!
I like how the host just lets the guest talk. Good job Mexie!
More Richard Wolff, yay
talking about competition, you guys can check what Lenin said in his book, imperialism 1917.
I really agree with the statement that "if you want an economy to work for everybody, it is necessary to have everybody taking the decisions", more then living on capitalism we live on a runout technocracy and the problems we should all understand about technocracies. The hierarchies themselves bring the differences of interest and incentive, then what the ideologues of efficiency dont say is that the objectives toward which the upper class works naturally derives away from the bottom class. The best, recent, example is about Elon Musk, there are legit criticisms that much of the projects developed can be said to bennefit people on abstract but on practice bennefit more for wealthy individuals
Shocking how shallow and naive this guy as a professor is. Seems the capitalistic system forced him to become a professor and this must really be a flaw of the capitalistic system if such a naive guy can become professor. He seems to be the most oppressed person in a free market society. Wondering who forced him becoming a professor. Such a poor guy. Talking about capitalism but hardly any of the topics he talks about has anything to do with capitalism - or let's say free markets. His fellow comrades from the former USSR would certainly have handled the Covid pandemic much better... but only in his dreams. This guy reduces all the problems of the world to one single cause - free markets in a free socitey. What a world does this shallow guy live in?
They have degraded the educational system so most people don't even hear these relatively simple concepts.
The ruling ideas of a society are the ideas of the ruling classes -Karl Marx
Emilia Romagna is my region, and Bologna is its capital. It is one of Italy's historical red regions.
These problems, these inequities arise in huge companies that dominate monopoly positions.. The anti-trust were good laws.. The didn't take from business, they fueled innovation and they had a more equitable environment for labor and lower prices for consumers.. Why have our 2 parties and the Executive abandoned the anti-trust laws? That is not the climate in the US today.. All of our elected representatives are "owned" by corporate power... Today, they are in the business of capital extraction...
He's totally ignored the banking system and the oligarchy that owns it.
5 hedge funds own 80% of the voting rights in the entire market listed corporate boards.
He blames it on 3% but the truth is they could fit in one room..
Socialism will not change this.
Again, and so soon! Lit! 🔥🔥🔥🔥🔥🔥🔥🔥
Wolff is really a great communicator
Soviet Union would still exist if he was the General Secretary instead of Gorbachev.
How the fuck is it possible that me as an spaniard and a socialist didn't know about Mondragon!!!? What a great talk! Here we seem more susceptible by socialist ideas than in the US, though not enough.
✊✊✊
People are free to start and try being self employed and try to start there own business. They teach u to be an employee in school. To be an entrepreneur you have to have the mentality to do it.
Hi there
Just found your channel
I’ve been trying to find some better sources to educate myself on capitalism and so forth
Would you consider doing a break down video some time? It’s hard to figure out where to begin
Hi! There are a couple channels I recommend, first I recommend Richard Wolff as a starting point along with noam chomsky, they are decent introductions into leftwing economy/politics. Then I'd recommended the following channels and people, Michael parenti, Hakim, Paul Morrin, FinnishBolshevik and Halim Alrah these are more theory or historical based. If you have any questions we are here to help, it can be really rough to discern what is the truth and what isn't so im happy that you've begun looking for other sources and points of view, cheers!
Thank you for the free education Professor Wolff.
Once again Beautiful Mexie and Pro Wolff speaking truth to power
Employee: "You, sir, invest $10,000 a month in the stock market. I only invest $15 each month." Employer: "So?" Employee: "I want a pay raise so I can invest more." Employer: "You're fired."
As an RN, corporate medicine takeover was alarming, and has evolved into a waste of money for most people, with little positive outcome for most. Functional medicine is the future! Corporate medicine won't allow it to become prevalent as big pharma, and AMA, and all profiteers do not want people to get well.
Wolfe and Hedges do a great job of explaining the failures of capitalism
I would like to know what Prof. Wolff thinks about "circular economics" sometimes called "doughnut economics" as described by Kate Raworth.
I have heard this spiel from Prof Wolff many many times in many talks. He did not talk about a "post capital" economy here...just more about the problems with the current state of affairs under capitalism. I wish these sites would actually make these guys (who I admire) stop reiterating the problem and actually talk about how we get out of it. There is no doubt about the fact that there are alternatives galore, lets start putting out there some of them in detail....Details please, problems the current examples have addressed, where are they, how are they doing, why are they not more popular.....? Here, Wolff doesn't even answer his own question...just reiterates the problem. I got to 23:00 and moved on.....
Yeah... That is the problem with most self proclaimed socialists, they can identify the problems well but their solutions are not substantiated or based in any valuable amount of data or studies. That's why some of them go full anti intellectualism and say "econ is all bullshit and useless"
@@sniffaboi5232 This is not just a problem with 'self proclaimed socialists". This is a problem with capitalist/right wing sites as well. The only difference is that the capitalist horde has had years of practice at defending bad decisions and are very practiced at convincing people that their already failed ideas have some merit and are the only thing that can work...even though it clearly isn't working. I find this strange in that when people are asked about what they want and the values they hold (without being told it is lift or right) they almost always state things that socialists have stood for for decades....yet the majority go on to vote for a system that produces the opposite. They never seem to realize that the current system of corporate capitalism produces this 'opposite'. More education required yet I guess.
This was the best presentation - so good and so friendly that I took a risk and sent it to my trump loving son. ❤️
Thank you both. Long road ahead
The masks made in 1918, if kept from dust, would have been good today. Weapons made in 1918 are only found in museums.
All these videos are going to be super important in the coming years! In addition to the books, it's awesome that Richard Wolff is making these accessible nuggets of knowledge that require only an internet connection to follow along with. Revolutions have been started with just pamphlets before
I really appreciate this solutions-based approach. I'm such a negative Nancy all the time and I just want to change my approach to this whole situation by providing alternatives every time I complain about something. So sick of feeling like "thing bad but improvement is impossible"
Americans reluctance to let go of " hope" shows ignorance and weakness. There is no need to discuss this now. Currently the oligarchy have control of money, government and the military. There is a lot of pain, suffering and work before we get anywhere close to worker co ops or the like.
Hero Daddy Bear!
Two of the sexiest brains on RUclips.
Apologies if that's a bit too forward.
🥰🤙💪😊😇
I want to live a life like Wolff. Educating people about their lifes and writing books☹️
Amazing talk with so many great insights! I am glad that more and more people are starting to understand this and think this way. The new generation of people, we who grew up with the internet and have access to knowledge, we who have seen so much corporation and governmental corruption being uncovered, we who have seen such obviously absurd wealth inequality only rise. And we are so so sick of it. We will change this world together. In the next 5, 10, 15 years, the world will be very different. The future will be what we want, not what the 0.01% want.
Mexie is exactly the sort of YT creator that should be interviewing people like Richard Wolff and Abby Martin. She actually lets them talk. If this was Vaush, he'd constantly be talking over them and trying to show them up.
It's a bit weird to see him identify the ways in which capitalism failed to respond appropriately to the pandemic, through the example of the problem with masks, and then suggest co-ops as the alternative. I can see the case for central planning with that example: even tho producing masks in excess as a prevention in case of a pandemic isn't profitable, a planned economy could do it because it doesn't operate on the basis of profit motive. But worker co-ops, on the other hand, still operate under a market logic and their main incentive is still profit. Why would worker co-ops produce masks, hospital beds, etc, in excess if that's not profitable? It's strange that he goes from his critique of the capitalist handling of the pandemic right to a "solution" that doesn't deal with the problem he just identified. Am I missing something?
Excellent interview. Professor Wolff is a treasure, and needs to be heard by more and more people.
For me its all part of the same phenomena or the impossibility of defing the value of an asset or anything else. When we come to this point, we have a generalized crisis of values that spreads from finance to social hehaviour and beyond. For more than 100 years oil price stays stable at $5. All of sunden, it has jumped in 30 years to $138 in 2008 and collapsed to never return not even close to that. At $5 dollar ,all new explotion field in Norway, Brazil and American shale oil were not profitable and also these new sources of energy. This formidable jump in price inundated world with oil which cause the espread of its industrial manufacturing to yiel a number of derived products from cars' acessories to clothing; from plastic bags to eletronics. The results, in such short time, has been a silent inflationary processes, kept silent trough tight monetaries strategies and low or in many cases very low salaries and wages. Transfering industrial US assets to Comunist China helped to keep salaries and industrial prices very low. By it turn, to feed this double profit chinese gadges exports based upon an american asset , were Comunist China gives dollars back to US via Fed's Bond and issue local currency , the American Gov. inundated the world with Fiat Dollars. As time goes by, because of the absurd amount of Money it has generates in dollars and local currencies every where in this planet, people start to question the value of the assets they had in hands, creating thus a crisis for excessive liquidity. That was the opposity of 1929, when the crisis waa of lthe ack of liquifity which had caused a rushoff to the Banks and a fire sale on assets' prices. Now, it is the reverse situation, worldwide Banks are full of money and people are not rushing off to take it out but the contrary. Because there are uncertainties about the value of assets, people are flooding the $75.000 insured saving and checking accounts in order to keep, at any price , at least the present value of their assets. We have here the reverse situation of 1929 with a problem of excess liquidity due the fiat money. Nonetheless, the results are the same, a stead drop in assets values. Interesting, ins't ? The lack of or the excess of liquidity has producesd the same mistrust about the real value of assets and the things in general.
Professor Wolff is misleading young people. No one force you to work for a corporation where a small number of ownership makes decision. You decide to work under them by applying and interviewing. For those who don’t want to, they have every bit of freedom to start your own business. If you have good idea, you get venture capitals in the millions to start your business. And if you are good in leadership, and lucky enough, your business can grow to a big Corporation. Others will wan to work for you. But they can’t say you exploit them because it’s all free contract decision.
two TITANS making sense. thank you for this.
If they make this a regular segment, it might need some theme music...
Awesome
Listening to this in April 2021, and hearing “...220,000 dead from this pandemic.” 😑 We are currently around 575,000, but, you know, keep capitalism’ing along, y’all.
In the Great Depression of the 30s, 4.3 million Americans were displaced, 5% of the population. In 1945, at the end of WW 2, Europe had 11 million displaced people, roughly 2% of the 5oo million population. In 2021 America will have 30 million displaced people, roughly 9% of the 350 million population, just to give you some perspective.
This guy starts by getting the basic facts wrong. You can’t put all the employers in a stadium because they are not 3-5% of the US pop. There are nearly 40 million companies in the US and 35m of them are small businesses. Separately, another 10.5m people are self employed. Our workforce is about 165m, so you’re talking nearly 25-30% of the working population.
Aren't our national banks lowkey privatizeD?
Professor Wolf is one of the most important voices in this time of chaos. Him and Chris Hedges help me understand what's happening in the U.S.
Snap!
Neither has any understanding of politics of economics. They’re monsters.
I love Dr. Wolff's righteous-indignation-Barney voice.
LOVE FROM EMILIA ROMAGNA !
Sadly it's not all rose and flowers :
Our largest coop , the Coop , had troubles with managment , basically they absorbed a co op that wasn't doing great and got the managment from that co-op ,
It socks tbh ,
It's better than a capitalist mostly because they provide goods and services no other company would provide ( they have a phone service , they give off lots of promotions and generally speaking shifts are very flexible)
We also pushed off a far right party in regional elections recently , they where pissed ...
But yeah , the towns are generally speaking well kept , and i feel very proud of being Emilian , more than being Italian
Source : born in emilia romagna , my mom works in the co-op ...
Such an amazing piece of higher reflexive intelligence and direct discernment (cognizance and synthesis). That incisive, insightful, and powerfully original, dynamic, and autonomous intellect capable of truly "thinking about thinking" and "doing about doing". One may call Professor Wolff, who comes from a very rare one-of-a kind "noosphere speciation", an "ergodic-eikonal thinker" who sees the singularly and multiply twisted and intra-, inter-, and contra-unfolding inner and outer dynamics, ergonomics, and archetypes of involution, convolution, evolution, and revolution at once. That novelty (which includes transcendence, immanence, and imminence in one intellection) alone imaginatively and freely (and yet practically) is capable of denuding and creatively transcending all sorts of perverted inverse-linear and inverse-hyperbolic projections (including perverted social-behavioral Darwinism, Freudianism, and Skinnerianism, and ultimately "Fetid Neo-Fascism", if you will). In the realm of both individual scientific creation and collective cultural revolution, Einstein (unlike most academics, no matter the typical false hype, hubris, and popular misconceptions given to the public at large about them -- I'm an odd-ball and lone-falcon academic myself, yet at times perhaps I'm also a "cultural-academic coward") was archetypally very similar to this, a true universal polymath containing a very singular, unique, and solitary degree of authentic Renaissance individuation (not just shallow yet bloated "individualism" and hubristic "freedumb") capable of ontologically, epistemologically, and phenomenologically unifying singularity and multiplicity at an ontically higher and noetically (eidetically) freer and yet also epistemically deeper and existentially more grounded (and varied) level. When this archetype (and a confluence of such archetypes) is very courageously (singularly) and dynamically (dialectically) present, self-determined, and active near (or at) the "tectonic-rim end-stage" of history and philosophism (including the roles played by all strands of Marxism, libertarianism right and left -- statist and anarchist -- and beyond, hermeneutics, post-modernism/"post-post-modernism", and ecosophism), it does unto pure thought (eidetics) and praxis "what spring does unto cherry trees and what autumn does unto vineyards" (a-la Pablo Neruda).
Would a youtuber, single entrepreneur put under “democratic control” under socialism? Let’s say I can knit socks well; would a collective decide how and what I should knit? Or which videos I should film?
(Evangelos Papakostas) :Jiasas = Hi , at ”27.00” Capitalism has antagonism , anti-against , against each other. Greeks had synagonism , syn-with , with each other. E. P.
My question to Richard Wolff is how exactly coops overcome private property? A coop is of course better than a typical capitalist workplace, but a coop is a form of group-private property. The producers are still separated, they hence produce for profit and compete on a market. How is this fundamentally different from capitalism?
The magic happens when we introduce the democratic central plan to the formula. The society as a whole (!) needs to own the means of production, the economy as a whole! And society manages the nexus of production via the democratic central plan.
This is the point when we overcome the anarchy of capitalist productions and the various ills of commodity production, by rational and democratic planning.
This is socialism, societal ownership of the means of production.
And society manages the production via a democratic plan, not by the blind laws of commodity production.
I recommend "Problems of socialism in the USSR" by J.W. Stalin.
"If you can't beat em.... join em"
-Dave Rubin
What is the idea behind that?
Nice critique my friend. In Europe from Constantine in the 1st century to Napoleon in the 18th century the Catholic Church was the Greed and corruption that ruled that era. When Napoleon knocked the Pope off his pedestal the new Greed and corruption became a secular Government and has always had very close ties to wealth And has reigned supreme to our current situation. The fallacy that we live in a democracy and our vote counts when we only have 2 choices in that they are both going to continue business as usual, more greed and corruption. No matter what you wanna call past and current Leadership communism, religious, secular, libertarian, Socialism or capitalism the fly in the ointment will always be greed and corruption. So this evil world leadership does not want better choices and will fight it vehemently. This ideology cannot be defeated a true and more pure democracy to where we the people can get to have one person and 1 vote. This will be the only thing that can bring a world back into harmony and balance. Don't you just love a 2 party political/vulture corporate capitalist Partnership's? I AM a fierce independence along with many of my fellow citizens. Tell me where are our candidates and where is the independent headquarters that can coordinate other state headquarters and navigate To some better choices that truly represent different segments in our society. Diversity and inclusion with informative participation. Social and economic equality was always what America is to become. A shining sustainable example where the nation's in this chaotic climate developing catastrophe we can challenge and change this worldly systems before it becomes to late. I'm voting green, this cycle is a wash and by Gods will and mass participation we can do so much better.
Found a coop if you want; it’s totally legal under liberal democracy.
By the way, how is a real coop of today so much more “utopian”? What’s different about coops under socialism vs. capitalism?
Richard, your next book should be a collaborative effort with Perotin and others experts to create a worker coop handbook, and then expand it to become an online training course.
on the last point about govt being focused on the bottom layer of society, I think that is indeed why a concept like UBI will come of age. Wolff is against UBI in principle but I think a version of UBI can exist that is fair for everyone. Other socialists like Yanis Varoufakis are in favour or it. Scott Santens and Andrew Yang make impressive cases for UBI.
Life long and very happy capitalist here. Bring on the co-ops, good luck to you, I'd buy your products. Just learn from history, don't make me work there or buy from your firm. You will have the same people running these corporations to running your system in a generation.
Dear professor Wolff, I can’t agree more with you, but I think it is more complicated than just changing capitalism.
The near future is going to bring massive unemployment around the world.
Right know, we can see how technology is replacing man made goods and services.
Someone said that the problem of the past was that we were exploited by greedy employers but, the problem of the future is that we are gonna be useless and disposable.
That is why some are talking about universal income .
If we are lucky enough, we are gonna get pay to stay useless at home.
Tbh, hindsight 20/20 much. You cannot possibly deny this regardless you support this guy or not
Worker co-ops have existed for over 170 years. Within the context of the world capitalist market system worker co-ops stay on the insignificant margins of the economy. To become more prominent they just adapt to anti-worker dog eat dog competition inherent in the world market economic system.
We need class struggle politics, building of a mass workers party.
Professor Wolff I love you my man but you're a bit exhausting. Imho where capitalism fails is that it isn't a science, orthodox economics is not "the study of the economy" it is a doctrine. Might does not make right, is does not imply aught, humans are primates not "rational utility maximizers" and subjective value theory is nonsense. "You can stare at a house all you want unless you obtain the money to buy that house your desire will just remain a desire. The obtaining of money cannot help but to reference the labor process."
www.talkorigins.org/faqs/evolphil/social.html
www.worldsocialism.org/spgb/socialist-standard/2000s/2001/no-1169-december-2001/marx-and-lenins-views-contrasted/
www.jayhanson.org/page241.htm
chss.montclair.edu/english/furr/wl/profitnlabor.html
ruclips.net/video/3uViA-nfnnU/видео.html
ruclips.net/video/aIL_Y9g7Tg0/видео.html
ruclips.net/video/LViQjSXjZPw/видео.html
sorry, but I don't think I can share that optimism... there was a moment, when americans had the historic chance to fundamentally change or even move beyond their current capitalism... but I'm affraid you let it slip by quite a while ago... americans are to split along partisan lines and therefore disorganized in action against the system... there are riots in the streets for six months and what have they achieved? nothing.... instead what we'll see is american capitalism kicking into next gear and morphing into an even more oppressive, quasi feudal state of society... with an all powerful ruling- and a permanent underclass....
Ok so tell us how achieve that ? An employer has the money to create the business with this cash. How does he want to make the employer invest pay everything hustle and then just share with employees who didn't risk anything ? I'm honestly asking. I'm not rich , I want equality. I see richard just talking about post solution, but how can we achieve that????
33:11 "The collapse of capitalism provides the fertilizer for the soil" that reminds me of something I read on how the Sahara, which used to be very green and fertile thousands of years ago, helps fertilize distant lands like the Amazon when its sand is transported by the wind. So hopefully the collapse of capitalism can be like the Sahara to a new age of the Amazon ❤️
I love Prof Wolfs talks much in line with my thoughts and ideas, although I would not want to go the China way environmental destruction and surveillance even worse than ours. What I would hope could happen is that a better more democratic system could evolve, but like in animal farm it maybe that the more things change the more they stay the same. All the systems slavery, feudal and capitalism all are user systems what comes next may well be no better. Having watched the Irish Potatoe famine I have grave fears for what comes next - a form of capitalistic slavery enforced by brutal slave drivers and no chance of change or resistance, expendable populations and discarding of the owned humans that have no more economic value or work value. It can always get much worse so roll on climate change the great equaliser.
1) It's a free world Wolff and Wolf lovers go set up your democratic companies 2) Don't wanna be an employee go set up your bizness, you not a serf tied to any company fire yourself.
Is that actually how the US banking sector is working now? Is there any difference between the banks creating the money in house, and retaining the risk in house, or borrowing money from the FED and exporting the risk to the government? Since these are massive banking corporations that are effectively too big to fail, I don't see a lot of difference between the two possibilities. It's whether you get the bailout now or later. Either way the bank is effectively part of the state.
Unfortunately this is all common sense. But it won't happen without a full blown human rights movement and possibly defending the movement against violence.
My advice to you - move to North Korea, or Venezuela, or Cuba. You'll be back w/in a week.
I find the Covid criticism in this video unconvincing. Ineptitude and lack of foresight (or the opposite) happen in all forms of government. The economic structure of a country seems like a minor contributor.
The problem with the US economy is the flaws within its capitalist system. And the flaws point in the direction of the unfair trade practices practices,by a few oligarchs whose companies be have like monopolists within their respectives industries. You have anti trust laws. Use them and create a platform for more equitable form of competition.
@Joe Shaloom I hope it is a FAST rise in Progressivism and Socialism so we an avoid a violent revolution, but I am ready to fight if need be.
prof wolff bats for the angel's team, but democracy is a type of polity, whose special feature is that the members direct the activity of the state through referendum and initiative. it has nothing to do with the economic structure of the state. i think he imagines that the evils of capitalism can be ameliorated by widespread union control of individual enterprises. but this has never happened. what does happen almost universally, is that capital directed enterprises suffocate co-ops with greater flexibility and capacity for rapid expansion. it is not an accident that co-ops are rare and small.
returning to democracy, a genuine democracy can institute whatever socialist features the citizens can agree on. so if you want socialism, of whatever nature and extent, first get democracy. you can't 'do' anything, until you have the power to 'do,'