My favourite example of “socialism has never worked!” is Cuba. They have survived 60+ years of endless assault from the most powerful capitalist country in history and are still standing. If it was reversed, if Cuba was Capitalist and USA socialist, it would not have survived a year even without the endless sabotage. Cuba’s socialism is a powerful example of success.
@@SBb374 Mr.Wolff can answer that. There are, I think, 3 different definitions of socialism he can describe for you. The USA is both. Capitalist and socialist. But, capitalism has gotten out of control. And I believe, they are trying to get rid of our socialism of what we do have by having private business taking them over too. Such as education, police, firemen, SS, Medicare, Medicaid, etc.
Both of these countries are capitalist I'm afraid, despite some good policies like LGBT and women's rights - no country can have that high of a prison population and at the same time be one that is socially controlled by the masses. Cuba's private sector percentage has also been rapidly growing over time and has a lower worker cooperative percentage than the openly capitalist European countries (both of those issues also apply to other authoritarian countries)
Canada is a so-called 'socialist' country, as are most of the Western European countries. We're all doing fine, thanks. Voting Trump in to make things 'better' is madness! How long will it take for his voters to figure that out I wonder... what's it going to take? 🤔
And all that FDR did, the economy kept getting worse and unemployment didn't change. The measures under taken made people feel better but accomplished nothing. FDR only stopped the depression when WW2 was started. Be careful what you want and vote for. Taxing the rich despite how good it feels does not make the economies grow. The government could size all the billionaires monet and it wouldn't run the government a month.
@@wsollers1 You are incorrect. Unemployment during the great depression peaked in 1933 at 25% when the New Deal started. It never reached that high again. By the time the US entered WWII in late 1941, the unemployment rate was below 5%. Also, you don't think Social Security or unemployment insurance has accomplished anything?
@JoJofghj you are incorrect. The US unemployment rate in 1941 was almost 15% it didn't dip to 5% till 1942 which also ebcompassed large conscrition and mobilization efforts.
Socialism to me is exciting , has great policies & better ideas than those encountered in mainstream today , but also it's a beautiful altruistic thing I love you God bless you
Imagine knowing that the Greens and Socialists represent working together and voting only pro war, pro capitalism candidates into office? They're really real, they're not stupid and they didn't screw up.
Exactly. What if companies made products or provided services for other people and in return those people gave them something. Companies that fail to make something useful should go out of business because they’re not helping anyone.
The persistence of socialism reflects a growing dissatisfaction with systems that prioritize profits over people. As inequality deepens and essential services like healthcare, education, and housing become increasingly inaccessible, socialism continues to resonate as an alternative. It challenges the unchecked power of elites and advocates for economic systems rooted in fairness, equity, and collective well-being. While critics dismiss it, its endurance worldwide highlights a demand for economic justice, workers' rights, and policies that prioritize human dignity over corporate greed. The conversation around socialism is not about ideology alone it's about addressing real struggles and creating a more just and sustainable future.
Yup. And governance and economy of, by and for the people. The US has the "We the people..." principles right but has failed in the application. They have: Of the Oligarchs, By the Plutocrats and For the corporations.
@@Autists-Guide It failed because it is a Capitalist economy. The tendency of capital to accumulate is always in motion, despite the efforts of reformers.
In his ecological writings, Marx Saïd that socialism simply means community yu come nyrolmof economy (in 1 of his ecological works quoted in 1 of Monthly Review magazine of US (See MR website for issue date.)
@@NemesisnxtMeaning you "LOVE" inequality!! You love the C E Os giving all the profits, you love to make mediocrity rule over dedicated effective producers, meaning you love modern slavery, minimum wages that stay stagnant for decades while the price of everything keep rising. You must be a happy camper.
Socialism is when the government does stuff. And it's more socialism the more stuff it does. And if it does a real lot of stuff it's communism. - Richard Wolff
Government meaning We The People. We pay for our social security, medicare, medicaid, fire fighters, education, etc. = safety nets. We pay for everything. Capitalism for the rich hardly pay anything at all. Yet, they get a lot of social services.
Fixed capital, like AI, eventually nets the capitalist no increase in the rate of profit. Human labor is the only way they can get more bang for less. This is a way of saying there will always be a need for wage labor so long as capitalists desire profits.
3 out of 4 jobs today are in the service sector. If we can get our legislators to pass regular increases in the minimum wage to keep up with a rising cost of living that would help protect the standard of well-being for many working people. The second change is the need for a universal basic income paid for by the progressive taxation of high incomes derived from rent-seeking privileges under law.
Why would AI put co-op workers out of a job? They own the company. They can vote to use the increased productivity to reduce their hours at the same pay.
after living for ten years in the USA and coming from and back in New Zealand which is totally socialist rule, the roads are always being fixed and the buses run on time and the health care is free except for our family dr. the govt has paid me 1000 dollars a week as I broke my back several years ago and after free surgery and being flown round the country to check with different specialists all for free in the public health system. So much better than what I have experienced in America. I love America but the people have no idea about where they are in the world with a good life. NZ is almost commy on an American scale,the police are not armed. they get on with the community ok ,we are not like Australia which is also socialist in it's ways.
Just a little bit over 100 years ago one man started the movement based on this idea, and around 1989 the USA successfully eradicated about 80% of the ideology, only 1 place remaining where is practiced: China, the rest of the countries they call themself Socialist are not real socialists. I did grew up in socialism, free education, free healthcare, no homelessness, NO DRUGS on the streets, everybody was working, and actually it worked so well, women could stay home and man provided to family. In socialism you could own your own business you where able to run a construction business, or car repair service, private doctors office, just to name a few. Back then an average person picked up 2-3000 currency a month, 1 loaf of bread 2kg was 1.5-1.7 currency, 1 gal (3.75l) of gasoline was around 4-5 currency, electrical bill was 80-120 currency, rent (you could rent an apartment from the government from 40 -280 currency depending on square footage (big family big apartment). I would think it was min 70% of the families owned their own houses with farm land in the outskirts of the cities and villages. I remember in our garden we grapes lots of grapes, apple trees, Cherry tree trees black and sweet, apricot trees, and plum trees we had pepper, tomatoes, etc, we still had to purchase more from local farmers market. Only city dwellers had to pay rent however lots apartments where privately owned in the major cities as well. No personal income tax except if you where running your own business because you made more money and you did not get paid from the government you had to pay tax. majority of the ppl in capitalist countries do not know what is the real socialism, you where lied to from day one by your government your schoolbooks where written to hate socialism. You been raised to hate and reject the ideology. for an instance Romania was a fake socialist look up Nicolae Ceaușescu regime he licked the ass of the west and CCCP at the same time and he took everything from his ppl. look where ended up. WHAT YOU NEED TO UNDERSTAND is the US killed all those countries part by propaganda part by economic force because the US government is terrified from a successful Socialist country for example today's China. In a real socialism there is no 1 single leader there is a collective leaders ship. "with one speaker of the house"
The apparent success of capitalism in the USA during last 70 years, because at the expense of exploiting natural resources in pour countries in Africa and middle oil Arab countries...and diffusing totalitarian regimes in South America and elsewhere. But now the truth hour begins to ring. Get up American people and fighting for socialism with democracy at working place. And the rest of the world will be a better place to live in
@@isismccain915 100 pages would not be enough to tell you what happened to that country, it is still on the map. Forgive me if I don’t tell you which country it is because as much as I’m proud of my ancestry I’m ashamed of it the same way, same amount. If I even must think about my youth, there after my academic studies, the landscape or dreaming walking the streets of the capitol city where you are literally walking through history one block after another makes me emotional. Who knows in a few months, maybe years I might be able to walk those streets in real life Trump will take care of that. I’m here not by choice but seems like a screwed-up destiny like Napolean on Island of Elba. Wanna go home? I have no future there so I can’t, but at the same time I have no future here either.
I have always wondered why people are so scared of socialism and communism… Baffling. Thanks for being such a clear communicator and able to show these concepts are not the scary monster some people deem it as! 🎉
Thank you so much Sir Richard Wolf for your time and sharing your knowledge. I am so disturbed as to how we the middle class, the lower middle class, the poor are always put to the test of nationalism, capitalism, extreme wealth inequality, environmental degradation, mass consumerism, systemic racism, militarism, political polarization, misinformation, surveillance capitalism, and the exploitation of labor; unchecked technological advancement and the erosion of social safety nets. When will there be a govt that really is for the people, by the people and of the people ? When ?
I remember in the late 90s they were building an extension on highway in South Florida specifically Broward county and looking at the ad in the paper I remember reading a company called Mondragon looking for workers...., I remember because of the distinguished name
In Canada the Flair Airline charged me Calgary to Toronto was $140 and they charged me $99.75 for the regular seat and hand luggage. The extra was not informed when purchasing the tickets. A highway robbery!
1. How do the Chinese correlate planned state economy with chaotic market economy? Thank you! 2. How do individual coops correlate production between them and production of goods by huge commercial /international corporations? Grandparents of the world, unite! ✊
I am 83 old Indian retired Manager. Till 2000 it was employee first. Then American pandemic of shareholder value invaded. Today most of the employees are working long hours. Creamy layer is never satisfied with the money they make.
9:46 Democratic socialism has been used in multiple senses, including a broad sense that refers to all forms of socialism which reject Marxist-Leninism and authoritarianism...
Since democracy is crumbling in India and poors are becoming poorer and wealth of the country is with very rich. Sir, will you do a program on Indian economy.
7:25 Basic Price Limits or guides benchmarked to Market Price....I Agree with a Union for Pricing Limits and Benchmarks. That way you can indirectly manage Profits (Tax the Rich Approach)
you know why we don't have laws about the prices. Because it will distort the markets and lead to companies not producing things they would if the prices were higher. How do you respond to that theory aspect?
29:57 this exact sentiment is explained in Stephen Skrowneks book Presidential Leadership in Political Time. According to the book, in my interpretation, Trump should be the end of the conservative political cycle this country has been under since Reagan. The last president that lead us out of conservative cycle was FDR. But our democracy must survive first.
Growth is the measure of economic success. But where the environment is concerned growth is killing the earth. So what does that do for the value of growth? Or do we just continue to use growth as a criteria for economic health and just ignore the health of the planet? I always notice that exclusion and dont want to ignore it. Also, perhaps the US rules protecting the environment are affecting the ecomonic growth curve. China does not have as many protectins given rhe fact that they have killed and polluted two great rivers. But perhaps they have remedied this now.
Jiang Qing was the Daughter of Christ. Dan Brown was on to something. Communism plus God, bro. The Ultimate Revolution. Star Wars with no planets. Thanks for teaching me Marxism. I was the Barton Eviction Blockade. If you're disoriented, that is the initial struggle session for being a book worshipper. Peace in the New Era.
There is another area of socialism that is a basis of the convers capitalism. Within families of affection and growth lies a community hopefully of similar visions. Education and medicine for not only my children but also for all in the community. Building, roads, harvesting, snow removal, marriage, postal, burials, festivals all had meaning. Bums, alcoholism and criminals did exist in small percentage. At 75 a socialist I'm not wealthy but healthy, sexually active, theoretical smart, probably dumb, undecided, undeclared, genetically modified from unknown source and untraceable.
Socialism:a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
1. How do the Chinese correlate planned state economy with chaotic market economy? Thank you! 2. How do individual coops correlate production between them and production of goods by huge commercial /international corporations? Grandparents of the world, unite! ✊How do 150K coop workers in Spain participate in the managing of their coop, by voting?
the reason why socialism persists is very simple. it predates capitalism. it is how human societies managed shared resources since the beginning of the existence of the concept of society. it’s not until a society grows into a nation large enough to partition into parts and hierarchies that new ideas for the uneven accumulation of resources would even be plausible. modern socialism is merely attempts to preserve the effect of the original societal motivation to govern shared resources and prosperity so that the society continues to persist rather than dissolve, but in the context of a very large society. 10:54 maybe the reason why there are many versions of socialism but essentially only one of capitalism, because there are many societies with their own culture and history of how resource sharing should look like for them, given that pooled resources and its management is the original logic in society. whereas capitalism progresses logically to imperialism, and there’s really only one economic logic for hegemony. by its nature of a small group wanting to control all resources everywhere, it will reduce to one single method of extraction and accumulation that overwhelms all else.
The check from social security is not a pension check. It is the pay-it-ahead scheme that those who follow, "contribute" to the fund and those who worked and are now eligible (which can change at the whim of the government), can receive a check from those funds that TAXPAYERS fund. As it is, the government has just about destroyed that as well. "Taxed corporations and the rich" yes that was the slogan, "tax the rich" they yelled. And how much do lower and middle class persons pay into the taxes of the "rich." Are they rich? yeah right. This was a great display of intellectual attempts to make something out of nothing that had only the affect of "next to nothing."
The idea of collectivism sounds great but the problem always comes down to the required power and force of a group entrusted to maintain society. This centralized power attracts the worst of beings and corrupts the well intentioned.
The United States may also have some of the highest rates of poverty of any developed nation. Building billion dollar sports stadiums may not solve that problem, particularly if homeless encampments are 5 miles away.
You are so good at educating people. I wish more of my fellow working-class people would listen.
The Destructiveness Of Socialism!
My favourite example of “socialism has never worked!” is Cuba. They have survived 60+ years of endless assault from the most powerful capitalist country in history and are still standing. If it was reversed, if Cuba was Capitalist and USA socialist, it would not have survived a year even without the endless sabotage. Cuba’s socialism is a powerful example of success.
Cuba is 'not' a socialist country.
@ then what is Cuba? Please, do elaborate.
@@SBb374 Mr.Wolff can answer that. There are, I think, 3 different definitions of socialism he can describe for you. The USA is both. Capitalist and socialist. But, capitalism has gotten out of control. And I believe, they are trying to get rid of our socialism of what we do have by having private business taking them over too. Such as education, police, firemen, SS, Medicare, Medicaid, etc.
Both of these countries are capitalist I'm afraid, despite some good policies like LGBT and women's rights - no country can have that high of a prison population and at the same time be one that is socially controlled by the masses.
Cuba's private sector percentage has also been rapidly growing over time and has a lower worker cooperative percentage than the openly capitalist European countries (both of those issues also apply to other authoritarian countries)
Canada is a so-called 'socialist' country, as are most of the Western European countries. We're all doing fine, thanks. Voting Trump in to make things 'better' is madness! How long will it take for his voters to figure that out I wonder... what's it going to take? 🤔
Time for something better. Something humane. Thanks doc👍
Yes indeed. It was time a hundred years ago but we missed our chance. Now as the modern empire winds down we'll have another chance in this century.
Time 🕛 is something better than DICTATORSHIPs 💵 .
TIMEBANKs 🕛 or else 💵.
And all that FDR did, the economy kept getting worse and unemployment didn't change. The measures under taken made people feel better but accomplished nothing. FDR only stopped the depression when WW2 was started. Be careful what you want and vote for. Taxing the rich despite how good it feels does not make the economies grow. The government could size all the billionaires monet and it wouldn't run the government a month.
@@wsollers1 You are incorrect. Unemployment during the great depression peaked in 1933 at 25% when the New Deal started. It never reached that high again. By the time the US entered WWII in late 1941, the unemployment rate was below 5%.
Also, you don't think Social Security or unemployment insurance has accomplished anything?
@JoJofghj you are incorrect. The US unemployment rate in 1941 was almost 15% it didn't dip to 5% till 1942 which also ebcompassed large conscrition and mobilization efforts.
And that's what we need to do today and get us out of this mess and you hit the nail on the head
Socialism to me is exciting , has great policies & better ideas than those encountered in mainstream today , but also it's a beautiful altruistic thing
I love you God bless you
Democratic Capitalism. Totalitarian Socialism is Communism.
It isn't altruistic. Its better than that. It is enlightened self interest that serves all. Far more durable than a committment to niceness.
Imagine working with each other
For each other, what a novel idea!
Imagine knowing that the Greens and Socialists represent working together and voting only pro war, pro capitalism candidates into office? They're really real, they're not stupid and they didn't screw up.
Novel idea indeed ,with this irrational egoistic human nature.. Everything else it's unfortunately just a wishful story😢
Exactly. What if companies made products or provided services for other people and in return those people gave them something.
Companies that fail to make something useful should go out of business because they’re not helping anyone.
@@Nemesisnxt Tell that to the monopolists and oligarchs.
The persistence of socialism reflects a growing dissatisfaction with systems that prioritize profits over people. As inequality deepens and essential services like healthcare, education, and housing become increasingly inaccessible, socialism continues to resonate as an alternative. It challenges the unchecked power of elites and advocates for economic systems rooted in fairness, equity, and collective well-being. While critics dismiss it, its endurance worldwide highlights a demand for economic justice, workers' rights, and policies that prioritize human dignity over corporate greed. The conversation around socialism is not about ideology alone it's about addressing real struggles and creating a more just and sustainable future.
Excellent coverage. Your explanation of socialism and capitalism has truly been inspiring.
God Bless You, Dr. Wolff.
Socialism is networked goodness.
Y una "method" mejor para sobrevivir en realidad "brutal"
Is into equitable distribution rather than winner take all capitalism a la USA.
Really Socialism is Evil Wake up!
My definition of socialism: an economy (or segment therof) operated for the benfit of *society*, rather than the capitalist/owner class.
Yup. And governance and economy of, by and for the people.
The US has the "We the people..." principles right but has failed in the application.
They have: Of the Oligarchs, By the Plutocrats and For the corporations.
Real comunism is final stage of economical evolution,in it few people works in factories,and most of the people don't work,but study.
@@Autists-Guide It failed because it is a Capitalist economy. The tendency of capital to accumulate is always in motion, despite the efforts of reformers.
In his ecological writings, Marx
Saïd that socialism simply means community yu come nyrolmof economy (in 1 of his ecological works quoted in 1 of Monthly Review magazine of US (See MR website for issue date.)
@@Autists-GuideWell said!
When the reformation comes, we will establish full democracy of People's Rule in both the government and the economy. We will, come 2032.
Both party's are same shit...How he'll they barrow 35 trillones..who is going to pay that many..
That'd be great. Be careful of the weather if you do, though. It'll be cloudy with a chance of American bombs.
Why is a bright future always many years in the future?
Prof. Wolff has a growing number of subscribers. That's a good thing. 😅👏
Grazie.
I learn so much from you, Professor Wolff, that I feel like I owe you tuition. Thank you for everything you do.
Thanks!
that's a great answer to that question of comparing the working class responses of 1930 vs 2024 - should make a short video version for that part!
if MAGA only realized that some of the things they are longing for are things they originally got courtesy of the left
@@BryanHagerla MAGA is now the new left. The old left is the neoliberals, and are further to the right on many issues than the right.
Man is the one who teaches what is true. Gracias
I love socialism ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Nice. I love capitalism! ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
I love to Socialize too, Elizabeth!
@@NemesisnxtMeaning you "LOVE" inequality!! You love the C E Os giving all the profits, you love to make mediocrity rule over dedicated effective producers, meaning you love modern slavery, minimum wages that stay stagnant for decades while the price of everything keep rising. You must be a happy camper.
@@Nemesisnxt sad
Thank you immensely sir for inspiring the people.
Thanks
Socialism is when the government does stuff. And it's more socialism the more stuff it does. And if it does a real lot of stuff it's communism. - Richard Wolff
Government meaning We The People. We pay for our social security, medicare, medicaid, fire fighters, education, etc. = safety nets. We pay for everything. Capitalism for the rich hardly pay anything at all. Yet, they get a lot of social services.
Just wondering. How will worker co-ops help us in 10 years when all our jobs go bye bye to AI? Any ideas?
Fixed capital, like AI, eventually nets the capitalist no increase in the rate of profit. Human labor is the only way they can get more bang for less. This is a way of saying there will always be a need for wage labor so long as capitalists desire profits.
It's just a question of who is in control and where the profits go.
3 out of 4 jobs today are in the service sector. If we can get our legislators to pass regular increases in the minimum wage to keep up with a rising cost of living that would help protect the standard of well-being for many working people. The second change is the need for a universal basic income paid for by the progressive taxation of high incomes derived from rent-seeking privileges under law.
@@SomeCajunDudeWho is in control is always the determining factor. AI, capitalism, and profit can benefit the masses if the masses are in control.
Why would AI put co-op workers out of a job? They own the company. They can vote to use the increased productivity to reduce their hours at the same pay.
after living for ten years in the USA and coming from and back in New Zealand which is totally socialist rule, the roads are always being fixed and the buses run on time and the health care is free except for our family dr. the govt has paid me 1000 dollars a week as I broke my back several years ago and after free surgery and being flown round the country to check with different specialists all for free in the public health system. So much better than what I have experienced in America. I love America but the people have no idea about where they are in the world with a good life. NZ is almost commy on an American scale,the police are not armed. they get on with the community ok ,we are not like Australia which is also socialist in it's ways.
new zealand isnt socialist...
@artifactU SEMANTICS!
Brilliant analysis and gives me hope that it's coming out of the US! Thank you. So accessible and clear yet rich in analysis
❤❤❤❤Richard Wolff ❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤❤
Nationalize big corporations, especially oil and power.
As a starter to save this republic, power and healthcare need to be state and federal, respectively.
That’s idiotic
@@bit1733absolute nonsense
@@ExPwner How so?
@@ExPwner Your judgements have no depth whatsosever.
Just a little bit over 100 years ago one man started the movement based on this idea, and around 1989 the USA successfully eradicated about 80% of the ideology, only 1 place remaining where is practiced: China, the rest of the countries they call themself Socialist are not real socialists. I did grew up in socialism, free education, free healthcare, no homelessness, NO DRUGS on the streets, everybody was working, and actually it worked so well, women could stay home and man provided to family. In socialism you could own your own business you where able to run a construction business, or car repair service, private doctors office, just to name a few. Back then an average person picked up 2-3000 currency a month, 1 loaf of bread 2kg was 1.5-1.7 currency, 1 gal (3.75l) of gasoline was around 4-5 currency, electrical bill was 80-120 currency, rent (you could rent an apartment from the government from 40 -280 currency depending on square footage (big family big apartment). I would think it was min 70% of the families owned their own houses with farm land in the outskirts of the cities and villages. I remember in our garden we grapes lots of grapes, apple trees, Cherry tree trees black and sweet, apricot trees, and plum trees we had pepper, tomatoes, etc, we still had to purchase more from local farmers market. Only city dwellers had to pay rent however lots apartments where privately owned in the major cities as well. No personal income tax except if you where running your own business because you made more money and you did not get paid from the government you had to pay tax. majority of the ppl in capitalist countries do not know what is the real socialism, you where lied to from day one by your government your schoolbooks where written to hate socialism. You been raised to hate and reject the ideology.
for an instance Romania was a fake socialist look up Nicolae Ceaușescu regime he licked the ass of the west and CCCP at the same time and he took everything from his ppl. look where ended up. WHAT YOU NEED TO UNDERSTAND is the US killed all those countries part by propaganda part by economic force because the US government is terrified from a successful Socialist country for example today's China. In a real socialism there is no 1 single leader there is a collective leaders ship. "with one speaker of the house"
Wrong. Communism eradicated itself, even in China. The US had nothing to do with it.
The apparent success of capitalism in the USA during last 70 years, because at the expense of exploiting natural resources in pour countries in Africa and middle oil Arab countries...and diffusing totalitarian regimes in South America and elsewhere. But now the truth hour begins to ring. Get up American people and fighting for socialism with democracy at working place. And the rest of the world will be a better place to live in
Please tell us where you are from? What happened to that country?
@@isismccain915 100 pages would not be enough to tell you what happened to that country, it is still on the map. Forgive me if I don’t tell you which country it is because as much as I’m proud of my ancestry I’m ashamed of it the same way, same amount. If I even must think about my youth, there after my academic studies, the landscape or dreaming walking the streets of the capitol city where you are literally walking through history one block after another makes me emotional. Who knows in a few months, maybe years I might be able to walk those streets in real life Trump will take care of that. I’m here not by choice but seems like a screwed-up destiny like Napolean on Island of Elba. Wanna go home? I have no future there so I can’t, but at the same time I have no future here either.
Keep up the good work, Professor.
Nobody can explain and clarify complex issues like Wolff. Nobody.
The Amul milk products is a cooperative in Gujarat Province ( India) having a socialism set up by Late Prime Minister Indira Gandhi.
You are a Real and True teacher Dr Wolfe. We in the developing global south give thank's .big up to you.
This was a superb presentation, inspirational to present to my friend skeptics of socialism
I have always wondered why people are so scared of socialism and communism… Baffling. Thanks for being such a clear communicator and able to show these concepts are not the scary monster some people deem it as! 🎉
I find you to be the most interesting person with a voice about today that l have found. Thank you sir.
Thank you so much Sir Richard Wolf for your time and sharing your knowledge.
I am so disturbed as to how we the middle class, the lower middle class, the poor are always put to the test of nationalism, capitalism, extreme wealth inequality, environmental degradation, mass consumerism, systemic racism, militarism, political polarization, misinformation, surveillance capitalism, and the exploitation of labor; unchecked technological advancement and the erosion of social safety nets.
When will there be a govt that really is for the people, by the people and of the people ? When ?
Always enlightening! THANK YOU!
I remember in the late 90s they were building an extension on highway in South Florida specifically Broward county and looking at the ad in the paper I remember reading a company called Mondragon looking for workers...., I remember because of the distinguished name
In Canada the Flair Airline charged me Calgary to Toronto was $140 and they charged me $99.75 for the regular seat and hand luggage. The extra was not informed when purchasing the tickets. A highway robbery!
I am so intent to listening to your analysis.
Thank you, thank you ,thank you, mr wolff..this has been truly educational...🎉
Sounds like history is due to repeat itself....
Sounds like another broken record.
Oops! I mean CD.
Oops! I mean MP3.
What i like the most is the philosophical content that transpires throughout your analysis. It’s just brilliant. Thank you!
Thank you very much for all your wisdom and lessons about economics, great videos for all Americans to listen to . 👏👋
I loved your bit on the Daily Show 😊
1. How do the Chinese correlate planned state economy with chaotic market economy? Thank you!
2. How do individual coops correlate production between them and production of goods by huge commercial /international corporations?
Grandparents of the world, unite! ✊
SOCIALISM IS
CAPITALISM WITH SAFETY NET
Good analysis, professor thank you!
How did that old song go? " I owe my soul to the Company Store."
I am 83 old Indian retired Manager. Till 2000 it was employee first. Then American pandemic of shareholder value invaded. Today most of the employees are working long hours. Creamy layer is never satisfied with the money they make.
Thank you Mr. Wolff
Love your show!!
When I hear a statement like it works or does'nt work, I always add "for whom". It takes one to an interesting outlook.
We are Devo!
Excellent
Are we not men?
@@ronbock8291 It's fun to stay at the YMCA.
9:46 Democratic socialism has been used in multiple senses, including a broad sense that refers to all forms of socialism which reject Marxist-Leninism and authoritarianism...
Amazing thank you. I ordered your book :)
Since democracy is crumbling in India and poors are becoming poorer and wealth of the country is with very rich. Sir, will you do a program on Indian economy.
7:25 Basic Price Limits or guides benchmarked to Market Price....I Agree with a Union for Pricing Limits and Benchmarks. That way you can indirectly manage Profits (Tax the Rich Approach)
you know why we don't have laws about the prices. Because it will distort the markets and lead to companies not producing things they would if the prices were higher. How do you respond to that theory aspect?
29:57 this exact sentiment is explained in Stephen Skrowneks book Presidential Leadership in Political Time. According to the book, in my interpretation, Trump should be the end of the conservative political cycle this country has been under since Reagan. The last president that lead us out of conservative cycle was FDR. But our democracy must survive first.
Direct democracy is the only answer to power, money and corruption.
You’re right a democratic workplace would be perfect
Love it. Ahhh a glimmer of hope.
Great Title Of Question!!
Understanding Das Kapital, Marx would be proud of you, Richard!
For Das Kapital, also see David Harvey.
CEO and company margins control. What profit margin is acceptable 10 15%? But we’re at 100 - 300x.
Great discussion
Thank you!!
Thank you Richard
Thanks Richard!
A maximum price law would be very pleasing.
Just bought my copy of understanding Capitalism 👍🏻💯
Growth is the measure of economic success. But where the environment is concerned growth is killing the earth. So what does that do for the value of growth? Or do we just continue to use growth as a criteria for economic health and just ignore the health of the planet? I always notice that exclusion and dont want to ignore it. Also, perhaps the US rules protecting the environment are affecting the ecomonic growth curve. China does not have as many protectins given rhe fact that they have killed and polluted two great rivers. But perhaps they have remedied this now.
This man should be the president!
in my Econ 101 class in college, I was told wage floors and price ceilings are bad things based on demand and supply chart
Jiang Qing was the Daughter of Christ. Dan Brown was on to something. Communism plus God, bro. The Ultimate Revolution. Star Wars with no planets. Thanks for teaching me Marxism. I was the Barton Eviction Blockade. If you're disoriented, that is the initial struggle session for being a book worshipper. Peace in the New Era.
Total matriarchy. One Figurehead and an international politburo of twelve. Plus telepathy.
7:25 Basic Price Limits or guides benchmarked to Market Price
There is another area of socialism that is a basis of the convers capitalism. Within families of affection and growth lies a community hopefully of similar visions. Education and medicine for not only my children but also for all in the community.
Building, roads, harvesting, snow removal, marriage, postal, burials, festivals all had meaning. Bums, alcoholism and criminals did exist in small percentage.
At 75 a socialist I'm not wealthy but healthy, sexually active, theoretical smart, probably dumb, undecided, undeclared, genetically modified from unknown source and untraceable.
Socialism:a political and economic theory of social organization which advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
1. How do the Chinese correlate planned state economy with chaotic market economy? Thank you!
2. How do individual coops correlate production between them and production of goods by huge commercial /international corporations?
Grandparents of the world, unite! ✊How do 150K coop workers in Spain participate in the managing of their coop, by voting?
Richard you would be a wonderful teacher with foster children, should really consider your time there.
Socialism was is and it will always be the better system .
my version of socialism is Earth over people and people over money .
Doesn't matter what is the politic system of a country. What really matters is how it controls the corruption!
Great Depression had problems linked to unemployment, the crisis right now in labour market is under-employment
Socialism just kings and queens of a different color
the reason why socialism persists is very simple. it predates capitalism. it is how human societies managed shared resources since the beginning of the existence of the concept of society. it’s not until a society grows into a nation large enough to partition into parts and hierarchies that new ideas for the uneven accumulation of resources would even be plausible.
modern socialism is merely attempts to preserve the effect of the original societal motivation to govern shared resources and prosperity so that the society continues to persist rather than dissolve, but in the context of a very large society.
10:54 maybe the reason why there are many versions of socialism but essentially only one of capitalism, because there are many societies with their own culture and history of how resource sharing should look like for them, given that pooled resources and its management is the original logic in society. whereas capitalism progresses logically to imperialism, and there’s really only one economic logic for hegemony. by its nature of a small group wanting to control all resources everywhere, it will reduce to one single method of extraction and accumulation that overwhelms all else.
There are surplus street level store fronts in Portland and in SF. People camp in tents in front of these huge, empty stores.
The Persistence of Memory, by Salvador Dali. Working class memory!
Love this ❤
Thank you
The check from social security is not a pension check. It is the pay-it-ahead scheme that those who follow, "contribute" to the fund and those who worked and are now eligible (which can change at the whim of the government), can receive a check from those funds that TAXPAYERS fund. As it is, the government has just about destroyed that as well. "Taxed corporations and the rich" yes that was the slogan, "tax the rich" they yelled. And how much do lower and middle class persons pay into the taxes of the "rich." Are they rich? yeah right. This was a great display of intellectual attempts to make something out of nothing that had only the affect of "next to nothing."
The idea of collectivism sounds great but the problem always comes down to the required power and force of a group entrusted to maintain society. This centralized power attracts the worst of beings and corrupts the well intentioned.
the Wolff is loose= carnage shall occur
If I was on that jury, I'd vote for him to walk.
You are correct but the capitalism’s doesn’t want the people known the difference.
The United States may also have some of the highest rates of poverty of any developed nation. Building billion dollar sports stadiums may not solve that problem, particularly if homeless encampments are 5 miles away.
Thank you for education us.
Former Yugoslavia.
❤❤ human rights
people may not want to know, because of jealousy...."why do i want to talk to such people"...hoping they can wake up someday