This man is the smartest speaker on our problems that you'll ever hear! He knows hnside and out the way our government works and how we are lied to about it all!!
It’s not about winning wars. It’s about making money and keeping people employed for the war machine. It’s also about causing as much chaos as possible for the BRICS union of nations. Great program; thank you Professor.
It's called critique of ideology. Marx said ideology is most of the time unconscious, it's wrong consciousness or "they don't know it, but they do it".
The fact that US Fiat Currency lost all support 20 years ago, seems to become apparent to Americans lately? As the cost of maintaining an Empire adds up, should we begin to question the motivation of the Profiteers?
I am french been living in Australia for the last 45 years ,I have been watching your programs for years and I find you extremely interesting ,I would love to meet you in person ,Merçi Dr Wolff .
unfortunately they are largely evangelical christians who believe the prosperity gospel and are not sure if trump is the messiah or god incarnate. they have tasted the coolaide and believe the biblical interpretation of the dominion and the dominionists will bring them cash for praying to jesus as that particular patriarchy sees fit cpwsandpigsmaketheearthwarm
How many products we buy in America are at least partially (and usually wholly) manufactured outside the US? Everything from cars to refrigerators to TVs to video games and computers and phones are going to go UP. Wages will not.
Plumbing and Electrical are a couple building products that are hard to find from US firms. The Tariffs will drive up Home construction costs as well. The system of getting all the low cost Nations to produce everything cheap, will become expensive. The prospect of Tax being added to everything sure does make Trump appear silly? But China has opened a lot of new Markets elsewhere that can sustain their Economy. So the Idea of adding tax to Costs does look like Trump is a bleeding Fool?
Then quit selling your labor short. Demand the wages that buy your necessities and stop cutting the family needs to fit the paycheck. Stand up! Show your children what fighters for justice look like.
Nothing is free. The professor has generous supporters who enable us to benefit, similar to a charitable donation. I'm grateful to them and the professor!
I can't be a subscriber because I'm from the third world (which means my education is better than the people who voted for Trump) and I don't HAVE the money to pay for this brilliant and generous mind
Not so impressed. He criticizes offshoring, yet criticizes Trump’s attempts to manipulate the free market. He criticizes capitalism but offers no alternative. Democrats traditionally lean socialist, so his thesis that the two parties don’t vie to evolve the economic system is flat wrong. Meh, just another talking head telling you what you want to hear. The whole tirade that US is unequal and in decline is irrelevant too. Having more Elon Musks in the country hurts our equality index but does not make us poorer, you have to look at the median income that has been rising astronomically over the last 50 years. The reality is that we don’t need to work in factories and can still afford more stuff than our parents did. Rich people and corporations tend to serve the worker as they compete for talent.
The U.S. government has A LOT to learn from the Chinese one, about how to manage a country successfully for the well being and quality of life of its people. Many Americans suffer a lot financially under Capitalism. They simply don't understand that Capitalism is what they should channel their frustrations at, rather than at one another, or at China or Russia. Under Capitalism financial crises are created every certain number of years, it's not a stable economic system. The Capitalism approach that is supposed to bring a trickle down economy, has been proven again and again not to be working. As long as so many Americans continue to vote for the two mainstream political parties (Republican and Democratic), both which are aligned with the extreme implementation of Capitalism in the United States, the country will continue to endure financial hardship caused by inflation and other adverse outcomes of Capitalism, such as huge inequality. The U.S. government (and many of its people) thinks it still manages / controls the world. It no longer does ... It's time for implementing Socialism in North America, similar to the one with Chinese characteristics that's implemented in China.
Dr. Wolfff seems to know what he’s saying. He announciates his words in a rather eloquent manner. Let us all become students of this wonderful Professor.
Oh my God, I just came across your UA-cam this morning for the first time. Thank you for having the audacity to tell the truth. This is the period of our history where the truth is being revealed. You are certainly an asset to our future.
Thank you, I’m inspired to pass your education on to my kids and grandkids so they know what system they are living in and not find it out when they are 50 and have fallen through all the traps.
We need to distinguish between capitalism and corporatism. There were 3 major forms of fascism that emerged in the 20th century: Bolshevism, Nazism and Corporatism
I will finish with one more quick comment. A quote from Kishore Mahbubani, Singapore author, scholar and diplomat talk about the contrast between the US and China. “In this century, for more than 20 years, the US has been fighting and not winning while China has been winning and not fighting.”
You can sort of see how the US might tear itself apart if China is patient and calm enough. The main concern is how much of the world the US will take down with it
@@sichambers9011 The US Colonial Empire that at one time delivered enough Tribute payments to keep the US Currency afloat, seem to have found better places to spend their money.
The U.S. government has A LOT to learn from the Chinese one, about how to manage a country successfully for the well being and quality of life of its people. Many Americans suffer a lot financially under Capitalism. They simply don't understand that Capitalism is what they should channel their frustrations at, rather than at one another, or at China or Russia. Under Capitalism financial crises are created every certain number of years, it's not a stable economic system. The Capitalism approach that is supposed to bring a trickle down economy, has been proven again and again not to be working. As long as so many Americans continue to vote for the two mainstream political parties (Republican and Democratic), both which are aligned with the extreme implementation of Capitalism in the United States, the country will continue to endure financial hardship caused by inflation and other adverse outcomes of Capitalism, such as huge inequality. The U.S. government (and many of its people) thinks it still manages / controls the world. It no longer does ... It's time for implementing Socialism in North America, similar to the one with Chinese characteristics that's implemented in China.
I've been watching quite many youtube videos by economics professor Richard Wolff here and I agree with him on everything that he says. All is very persuading and illuminating. But one thing that I cannot understand is: why isn't he suggesting a set of concrete proposals of actions to be taken to fix all those problems that capitalism has created in the United States? Obviously, Wolff is a champion of Marxism and socialism, but he never calls explicitly for the population to start voting for the Socialist Party of the United States in order to bring it to power in Congress and hopefully in the presidential election. Why is he not doing so?
Thank you Richard Wolff for shedding all important light on deep rooted problems we all face in the US. May we be successful in our endeavors to address the causes of problems and not fiddle around becoming overwhelmed by symptoms.
I’m in Canada. The Canadian politician Tommy Douglas likened voters to mice voting for cats. The mice (voters) can vote for the white cats, or for the black cats. But their only choice is to vote for cats.
As ever, spot on analysis by The Prof Wolff. We need his voice to be heard at grass root levels and to challenge our politicians to deal with his perspectives.
I've been watching quite many youtube videos by economics professor Richard Wolff here and I agree with him on everything that he says. All is very persuading and illuminating. But one thing that I cannot understand is: why isn't he suggesting a set of concrete proposals of actions to be taken to fix all those problems that capitalism has created in the United States? Obviously, Wolff is a champion of Marxism and socialism, but he never calls explicitly for the population to start voting for the Socialist Party of the United States in order to bring it to power in Congress and hopefully in the presidential election. Why is he not doing so?
The whole 'declining empire in denial' thing reminds me of Isaac Asimov's Galactic Empire in his Foundation series, which was loosely based on The Decline and Fall of the Roman Empire by Edward Gibbon. Even when there was a science developed to foresee the future and the future was nothing short of catastrophic, the Galactic Empire preferred to quash all discussion rather than to try to take the necessary steps to avoid said Fall. The experts were exiled. Politicians relied purely on propaganda to maintain their power. All while the once and mighty Empire crumbled bit by bit, world by world, into a colossal Dark Age. Getting those vibes now.
But yes for sure, I couldn't agree more, he is a very good example of what we can strive to be. I'm always practicing staying curious enough to try look into what I don't understand. That's how I found out about him. There was and still is a lot to learn about our system. But wow am I glad I found him at all. Thank you Mr Wolff
@@onegurl9Wolff is a Marxist. He believes in redistributing Currency. He makes that clear, you offer no evidence of lies? You appear to be the one who is not telling the truth?
Wolff overlooks the involvement of Robert Mercer and Company, in 2016 as well as the 2020 election that saw Trumps Childern fail to produce results without Mercer's guidance. This go-round appears to involve the selection of the same old faces and the presentation of very large amounts of money to produce the proper results. The Electoral Industry "reported" almost $15 billion being involved in 2020 election business budget that directed that Election. The Investors who bought Hillary the Delegates needed to insure that her services as a Political Prostitute were available, this Year appear to have consolidated their funds with the Investors who buy stock in vote counting machinery Corporations. We can discuss the industry that supposedly insures the validity of the results if you choose to indulge in that discussion? But the appearance of the most corrupt government since the Gilded Age being installed by an overwhelming amount of money being applied to getting the desired results desired, does appear evident.
You’re my new favourite person to listen to. You are SO articulate and intelligent ~ easy to listen to! Everyone needs to hear you. You are GREAT. Thank you oh brilliant one. ❤
1. Thanks for laying this out so clearly. 2. Thanks for being softer in your speaking. I had to quit listening to you in the past because I just felt yelled AT.
If manufacturing is outsourced to China and there’s a significant influx of immigrants, where do you think these immigrants will find employment? Likely in the same low-wage jobs that many Americans are already working.
I grew up with my mother always telling me to vote democratic because of how Roosevelt got us out of the depression. And I have always voted democratic . Now the democrats have made mistakes lately. I’m not sure why exactly, but I have learned some things. I care about the poor and underserved. I am one of them. My husband served in Vietnam, and ended up 100% disabled. He passed away in 2019. I am against the super rich and believe that they should pay more taxes.
Thankyou greatly for your talks. You have explained brilliantly about politics. I have learned so much and have shared with several people. I am British but much of what you have said can apply everywhere. If I am able I will contribute to your show. This world needs to change and has to change otherwise we are all done.
Example of declining empire: There are many single family ranch style houses in my neighborhood that have been split into individual rentable rooms (some with bathrooms attached). One building i know rents to 6 different people at $900 each.
@@michellesmithunroe2463 The Investors in China appear to prefer Farmland? Perhaps they will allow the Homeless to become Sharecroppers? We do live in interesting times.
@danielhutchinson6604 sharecropping/co-oping should be revisited before we lose all of the farmland. It would be horrible to starve to death while what's grown is being shipped out. The current state is almost inconceivable and will continue to deteriorate unless humanity can overcome the obstacles being placed in our way. Interesting times indeed.
Thank you Prof. Wolff, you address economic problems head on, making them clair, easy to understand and, even quite compelling... Will try and find your book in France where I live... in Toulouse to be precise, where Jaurès first galvanised crowds defenfing peace and social justice...
The French Revolution appears to be returning to remove the Oligarchs from their position of Power? The ability to recognize that fact that Monarchs were not appointed by a Deity, now returns as the Oligarchs purchase power with the Candidates they suggest. Money is not an apparent God, and Fiat Currency is as fickle as Hookers when the money stops flowing. The Currency Crisis that is lately becoming apparent, seems to limit the Godlike abilities of the Oligarchy?
A book I recommend to anyone seeking a deeper understanding of how our political system evolved is "First Principles: What America's Founders Learned from the Greeks and Romans," by Thomas Ricks. Ricks examines the influences over the thinking of those most responsible for the making of national governance under a written constitution. There is no question that the greatest influence was exerted by James Madison, who had studied in detail the experience of all past republics and why they eventually succumbed to despotism and collapse. Madison was hopeful but far from certain that the American republic would survive, and survive despite the fact that important principles (not the least of which was endorsing the enslavement of some human beings by other human beings) were sacrificed in order to form a union of the newly-formed sovereign states. The protection of slavery as an institution confirmed that the most important function of government was to be the protection of property, however property was to be defined. The subsequent history of the United States of America has been a history of ongoing violence in defense of property over human rights.
@@jgalt308 The existence of rights (as distinct from privileges) comes from the experience of cooperative behavior as essential to the nurturing of the young to reasonably ensure each person reaches the age of competency. Also integral to the basis for rights is the limit of the action's of the individual within the bounds of one's liberty (i.e., do no harm to others), beyond which (as John Locke explained) such behaviors fall in the realm of license, which jeopardizes the cooperative relations required for the just society and must be prevented.
One could point to morals derived by philosophers or ideologies, but why cant we just listen to the majoirty of the working class no matter their party preference? If we do that I think its more than reasonable that human rights include things like universal healthcare (working class physical and mental health continue to decline), financial security (which could come from jobs guarantees, democratic workplaces and economy, massive reforms to debt), less war that we can now all see the horrors of on the ground through our phones (want a real step to world peace? Make war and any material support of it or others' wars only doable by house Rep vote), national abortion rights at some early/mid term level. All this can and should be considered human/peoples rights, and also linked to the economy and how it, along with technological progress generally, is not working to better the lives of working class people here.
@@Porfi-1911 Sadly, efforts by socialist workers to unite workers worldwide in opposition to nationalism and wars of territorial conquest have thus far failed. Nationalism is an extended form of tribalism. Given the passage of just one or two generations, most of those whose grandparents were immigrants to any country are assimilated into the dominant tribe. Tribal hierarchy calls not for extended cooperation but demands sovereignty of action. Only a global confederation would potentially reduce the conflict and increase cooperation.
Inimitible. An education. Really appreciate your take on these challenging times, the many issues from an objective and factual economic perspective. Thank you.
The more I find out about the world and how politics works it makes me sick of how they manipulate us. Thanks for all your information 😘😘😘😘 it has helped me a lot to understand better about politics.
A comment on the Evangelical support for the Republicans. I recall a debate in 2012 among 12 different candidates for the Republican presidential nomination.The moderator asked a quick question question. Raise your hand if you believe in the theory of evolution. Of the 12 candidates, only one raised his hand, Jon Huntsman, and he was immediately eliminated from the race.
I loved this talk, but 3 things: 1:12:54 Social security is actually indexed to CPI. 59:25 The U.S. hasn't had a major recession in 15 years, which is a historical anomaly. This is one of the legitimately unique characteristics of our current neoliberalism era: how the Federal Reserve is using unique new fiat tricks to manage the business cycle. Normally this would undermine the dollar, but every other central bank is doing it too so tbh I have no idea how this ends. 42:00 China has been going through a serious economic crisis for 2+ years now. So while I agree China will probably overtake the U.S. this century, it's not as clear cut as Mr. Wolff makes it out to be. Thank you again, Mr. Wolff and D@W. This channel is a gold mine for political and economic commentary. Excited for the next talk in January! Cheers from Japan.
Perhaps the fiat trickery lies on proverbial paper only because it certainly feels like we've been in a major recession for that length of time due to the stagnation of wages to which Dr. Wolff referred.
I've been watching quite many youtube videos by economics professor Richard Wolff here and I agree with him on everything that he says. All is very persuading and illuminating. But one thing that I cannot understand is: why isn't he suggesting a set of concrete proposals of actions to be taken to fix all those problems that capitalism has created in the United States? Obviously, Wolff is a champion of Marxism and socialism, but he never calls explicitly for the population to start voting for the Socialist Party of the United States in order to bring it to power in Congress and hopefully in the presidential election. Why is he not doing so?
Love your content Professor, from Canada. Just one small point of contention, from a US perspective, Britain was seen as the aggressor in the war of 1812. From a Canadian perspective, the American side was the aggressor, and therefore our continued existence is proof of a British victory/draw versus a loss.
Excellent analysis. It’s tragic that the population of my country is dumbed down to the point of accepting alternative facts. Thank you for your service.
Mr. Wolf, what do you think the chances are that Elon Musk will cut Social Security and Medicare to try and lower the country's debt? I realize it's not supposed to be counted against the debt, but congress has been borrowing from it for decades. (Do I have those assumptions correct?)
Better yet. Time to update the Greek system of selected legislators by lottery. The basic eligibility requirements would be a minimum age and successful completion during one's formal education of a rigorous civics program. Willing to serve? You put your name in the lottery. If selected when openings exist, you serve for one term after which you return to your private life. No fund-raising, no campaigns, no elections. Perhaps, just perhaps, deeper commitment to the public good by those holding office.
@@nthpersonwhile holding office, elected officials must only receive the mean salary of their constituents on which to live with additional bonuses based on performance.
Way past time for that but the system is so far rigged against us when it comes to changing it in any way that benefits us and, apparently, becoming more deeply entrenched with each passing day that it's difficult to see meaningful change.
![Global Capitalism: Europe 2024: Disunity, Decline, Despair [February 2024]](http://i.ytimg.com/vi/8OB4p4_Sr0w/mqdefault.jpg)
This man is the smartest speaker on our problems that you'll ever hear! He knows hnside and out the way our government works and how we are lied to about it all!!
I agree 💯.
So glad i'm in a college classroom again! Free of charge! Thank you Doctor!
It’s not about winning wars. It’s about making money and keeping people employed for the war machine. It’s also about causing as much chaos as possible for the BRICS union of nations. Great program; thank you Professor.
Brave and Brilliant Dr Wolff 👏
Compassionate man. A heart of gold he has.
Absolutely. History tells us that communism is synonymous with compassion. Thank you, Professor.
@Nemesisnxt He's not a Communist, he's a Marxist.
All presidents ask us to buy things. We've been asking to regulate cost of those things.
He has all of my respect
I can't figure it out, but Mr. Wolff soothes me. He puts to words those things in my mind that I can't understand but I feel.
It's called sobering and honest logic.
It's called critique of ideology. Marx said ideology is most of the time unconscious, it's wrong consciousness or "they don't know it, but they do it".
When someone acknowledges reality, it's healing.
An absolutely fabulous talk mr wolf i thank you very much I hereby pledge nz $5 towards this show. Regards GL from nz
We rock with Prof Wolff cuz he's rocking with us!
Thank you so much for this wonderful talk, Professor Wolf!
What an intellectual and moral delight to listen to you Professor Wolff ! Thank you from France for all the dedicated work you empower us with!
This is so hard to listen to, but terribly necessary. Thank you Dr Wolff for your consistent message over the last years.
The fact that US Fiat Currency lost all support 20 years ago,
seems to become apparent to Americans lately?
As the cost of maintaining an Empire adds up,
should we begin to question the motivation of the Profiteers?
Welcome to the United Snakes Land of the Thieves and Home of the Slaves. Where are they going to flee to next?
@@danielhutchinson6604 Only what took so long? Easily distracted?
@@jillfryer6699 Who are you indicating is distracted?
The general public are quite easily distracted?
@@jillfryer6699 Where did you go?
YOU HAVE MY ATTENTION
I WILL GET AS MANY PEOPLE TO WATCH THIS AS POSSIBLE
He is THE ONLY person who makes economics understandable; no spin, no B.S. 😇
Sadly, I tried it, and they said they needed to do their research. They walked out on me and said Mr. Wolff was being paid by the Chinese government.
I am french been living in Australia for the last 45 years ,I have been watching your programs for years and I find you extremely interesting ,I would love to meet you in person ,Merçi Dr Wolff .
If only the American poor would/could listen to the brave professor.
They're programmed this way willing to die for capitalism ,why? nobody knows
The poor are usually the easiest to fool, unfortunately.
they listened and didn't agree. the Democrats failed in so many ways.
@@Vicky-Blue It is capital that fools people, whether rich or poor. Capital alienates everyone equally.
unfortunately they are largely evangelical christians who believe the prosperity gospel and are not sure if trump is the messiah or god incarnate. they have tasted the coolaide and believe the biblical interpretation of the dominion and the dominionists will bring them cash for praying to jesus as that particular patriarchy sees fit
cpwsandpigsmaketheearthwarm
How many products we buy in America are at least partially (and usually wholly) manufactured outside the US?
Everything from cars to refrigerators to TVs to video games and computers and phones are going to go UP.
Wages will not.
Plumbing and Electrical are a couple building products that are hard to find from US firms.
The Tariffs will drive up Home construction costs as well.
The system of getting all the low cost Nations to produce everything cheap, will become expensive.
The prospect of Tax being added to everything sure does make Trump appear silly?
But China has opened a lot of new Markets elsewhere that can sustain their Economy.
So the Idea of adding tax to Costs does look like Trump is a bleeding Fool?
Then quit selling your labor short. Demand the wages that buy your necessities and stop cutting the family needs to fit the paycheck. Stand up! Show your children what fighters for justice look like.
@@danielhutchinson6604 cordless tools are all made overseas,i trued to find one produced here and they don't exist
This man is the only one American in the universe who see and speak the absolute truth god bless him 🙏
Brilliant. This is my favorite monthly on UA-cam.
Maybe the best things in life are indeed free
Nothing is free. The professor has generous supporters who enable us to benefit, similar to a charitable donation. I'm grateful to them and the professor!
Not free. I am a subscriber thru Patreon
I can't be a subscriber because I'm from the third world (which means my education is better than the people who voted for Trump) and I don't HAVE the money to pay for this brilliant and generous mind
Not so impressed. He criticizes offshoring, yet criticizes Trump’s attempts to manipulate the free market. He criticizes capitalism but offers no alternative. Democrats traditionally lean socialist, so his thesis that the two parties don’t vie to evolve the economic system is flat wrong. Meh, just another talking head telling you what you want to hear. The whole tirade that US is unequal and in decline is irrelevant too. Having more Elon Musks in the country hurts our equality index but does not make us poorer, you have to look at the median income that has been rising astronomically over the last 50 years. The reality is that we don’t need to work in factories and can still afford more stuff than our parents did. Rich people and corporations tend to serve the worker as they compete for talent.
The U.S. government has A LOT to learn from the Chinese one, about how to manage a country successfully for the well being and quality of life of its people.
Many Americans suffer a lot financially under Capitalism. They simply don't understand that Capitalism is what they should channel their frustrations at, rather than at one another, or at China or Russia. Under Capitalism financial crises are created every certain number of years, it's not a stable economic system. The Capitalism approach that is supposed to bring a trickle down economy, has been proven again and again not to be working.
As long as so many Americans continue to vote for the two mainstream political parties (Republican and Democratic), both which are aligned with the extreme implementation of Capitalism in the United States, the country will continue to endure financial hardship caused by inflation and other adverse outcomes of Capitalism, such as huge inequality. The U.S. government (and many of its people) thinks it still manages / controls the world. It no longer does ...
It's time for implementing Socialism in North America, similar to the one with Chinese characteristics that's implemented in China.
Dr. Wolfff seems to know what he’s saying.
He announciates his words in a rather eloquent manner.
Let us all become students of this wonderful
Professor.
Excellent take as always DR Wolf, you've changed my perspective of socialism and capitalism.
He changed mine too.
Professor Wolff is the only person I have come across who clearly clarifies our western world's financial and political insanity.
Oh my God, I just came across your UA-cam this morning for the first time. Thank you for having the audacity to tell the truth. This is the period of our history where the truth is being revealed. You are certainly an asset to our future.
Electrician by any chance?
Uniquely illuminating. 👍🤔 ( Democrat & Republican voters alike should watch this. )
Thank you, I’m inspired to pass your education on to my kids and grandkids so they know what system they are living in and not find it out when they are 50 and have fallen through all the traps.
Thanks Prof Wolff for such an eloquent and sobering lecture. Prof Wolff never ceases to amaze me in his ability to make sense.❤Thanks again!!
Mr Wolf may you have health and strength to be with us for many years to come, you are like an library of knowledge 👍🏽👌🏽👊🏽👊🏽
Professor, WOLFF; HE'S the best!
Amen and Amen 🙏🏾
We need to distinguish between capitalism and corporatism.
There were 3 major forms of fascism that emerged in the 20th century: Bolshevism, Nazism and Corporatism
I will finish with one more quick comment. A quote from Kishore Mahbubani, Singapore author, scholar and diplomat talk about the contrast between the US and China.
“In this century, for more than 20 years, the US has been fighting and not winning while China has been winning and not fighting.”
You can sort of see how the US might tear itself apart if China is patient and calm enough. The main concern is how much of the world the US will take down with it
@@sichambers9011 The US Colonial Empire that at one time delivered enough Tribute payments to keep the US Currency afloat, seem to have found better places to spend their money.
@@sichambers9011 We agree on that terrible question. I don’t know if anyone in power understand that there are limits. I don’t know if they are sane.
The U.S. government has A LOT to learn from the Chinese one, about how to manage a country successfully for the well being and quality of life of its people.
Many Americans suffer a lot financially under Capitalism. They simply don't understand that Capitalism is what they should channel their frustrations at, rather than at one another, or at China or Russia. Under Capitalism financial crises are created every certain number of years, it's not a stable economic system. The Capitalism approach that is supposed to bring a trickle down economy, has been proven again and again not to be working.
As long as so many Americans continue to vote for the two mainstream political parties (Republican and Democratic), both which are aligned with the extreme implementation of Capitalism in the United States, the country will continue to endure financial hardship caused by inflation and other adverse outcomes of Capitalism, such as huge inequality. The U.S. government (and many of its people) thinks it still manages / controls the world. It no longer does ...
It's time for implementing Socialism in North America, similar to the one with Chinese characteristics that's implemented in China.
I've been watching quite many youtube videos by economics professor Richard Wolff here and I agree with him on everything that he says.
All is very persuading and illuminating.
But one thing that I cannot understand is: why isn't he suggesting a set of concrete proposals of actions to be taken to fix all those problems that capitalism has created in the United States?
Obviously, Wolff is a champion of Marxism and socialism, but he never calls explicitly for the population to start voting for the Socialist Party of the United States in order to bring it to power in Congress and hopefully in the presidential election.
Why is he not doing so?
What a lesson, on economics backed by history.
YOU Deep understanding, thank so much you, THE TRUTH of America and sadly many other countries
Followed you for a long time. Thank you for your service...
Thank you, Dr. Wolff. I greatly appreciate this lecture.
Thank you Richard Wolff for shedding all important light on deep rooted problems we all face in the US. May we be successful in our endeavors to address the causes of problems and not fiddle around becoming overwhelmed by symptoms.
Thanks for another excellent show. It's so frustrating that so many people refuse to hear the truth and instead listen to lies.
I’m in Canada. The Canadian politician Tommy Douglas likened voters to mice voting for cats. The mice (voters) can vote for the white cats, or for the black cats. But their only choice is to vote for cats.
have you been to a hospital lately? our system isn't working well either.
Well said aurelian6313.
Can I vote for an orange cat?
Very neat. Caught in a nutshell, but said by one of the cats.
I've used the analogy of sheep voting for wolves.
Thank you brother Dr Wolff❤
As ever, spot on analysis by The Prof Wolff. We need his voice to be heard at grass root levels and to challenge our politicians to deal with his perspectives.
I think it would be a good idea to let polititians listen to him! ❤
I've been watching quite many youtube videos by economics professor Richard Wolff here and I agree with him on everything that he says.
All is very persuading and illuminating.
But one thing that I cannot understand is: why isn't he suggesting a set of concrete proposals of actions to be taken to fix all those problems that capitalism has created in the United States?
Obviously, Wolff is a champion of Marxism and socialism, but he never calls explicitly for the population to start voting for the Socialist Party of the United States in order to bring it to power in Congress and hopefully in the presidential election.
Why is he not doing so?
This is a Real free classroom.
The whole 'declining empire in denial' thing reminds me of Isaac Asimov's Galactic Empire in his Foundation series, which was loosely based on The Decline and Fall of the Roman Empire by Edward Gibbon. Even when there was a science developed to foresee the future and the future was nothing short of catastrophic, the Galactic Empire preferred to quash all discussion rather than to try to take the necessary steps to avoid said Fall. The experts were exiled. Politicians relied purely on propaganda to maintain their power. All while the once and mighty Empire crumbled bit by bit, world by world, into a colossal Dark Age. Getting those vibes now.
We're all supposed to be just as Brave as Wolff not just for the country for each other.
But yes for sure, I couldn't agree more, he is a very good example of what we can strive to be. I'm always practicing staying curious enough to try look into what I don't understand.
That's how I found out about him. There was and still is a lot to learn about our system. But wow am I glad I found him at all. Thank you Mr Wolff
Try looking into EVERY he says, not what you're just courious about. He's lying to you.
@@onegurl9Wolff is a Marxist.
He believes in redistributing Currency.
He makes that clear, you offer no evidence of lies?
You appear to be the one who is not telling the truth?
Wolff overlooks the involvement of Robert Mercer and Company, in 2016 as well as the 2020 election that saw Trumps Childern fail to produce results without Mercer's guidance.
This go-round appears to involve the selection of the same old faces and the presentation of very large amounts of money to produce the proper results.
The Electoral Industry "reported" almost $15 billion being involved in 2020 election business budget that directed that Election.
The Investors who bought Hillary the Delegates needed to insure that her services as a Political Prostitute were available, this Year appear to have consolidated their funds with the Investors who buy stock in vote counting machinery Corporations.
We can discuss the industry that supposedly insures the validity of the results if you choose to indulge in that discussion?
But the appearance of the most corrupt government since the Gilded Age being installed by an overwhelming amount of money being applied to getting the desired results desired, does appear evident.
@@onegurl9 do you want to explain about the lies?
No reply, so apparently no lie?
You’re my new favourite person to listen to. You are SO articulate and intelligent ~ easy to listen to! Everyone needs to hear you. You are GREAT. Thank you oh brilliant one. ❤
lol
Richard Wolff, Jeffrey Sachs and John Mearsheimer-thank you for telling the truth. Brilliant lecture!
1. Thanks for laying this out so clearly. 2. Thanks for being softer in your speaking. I had to quit listening to you in the past because I just felt yelled AT.
If manufacturing is outsourced to China and there’s a significant influx of immigrants, where do you think these immigrants will find employment? Likely in the same low-wage jobs that many Americans are already working.
Very well described.
Thankyou sir. My salute. We in india on the same path of inequality.
Regards
I grew up with my mother always telling me to vote democratic because of how Roosevelt got us out of the depression. And I have always voted democratic . Now the democrats have made mistakes lately. I’m not sure why exactly, but I have learned some things. I care about the poor and underserved. I am one of them. My husband served in Vietnam, and ended up 100% disabled. He passed away in 2019. I am against the super rich and believe that they should pay more taxes.
Thankyou greatly for your talks. You have explained brilliantly about politics. I have learned so much and have shared with several people.
I am British but much of what you have said can apply everywhere. If I am able I will contribute to your show.
This world needs to change and has to change otherwise we are all done.
Example of declining empire:
There are many single family ranch style houses in my neighborhood that have been split into individual rentable rooms (some with bathrooms attached). One building i know rents to 6 different people at $900 each.
Are they owned by foreign corporate entities?
Likely Black Rock
Until the government stops the exploitation of the people... it's going to get worse.
@@michellesmithunroe2463 The Investors in China appear to prefer Farmland?
Perhaps they will allow the Homeless to become Sharecroppers?
We do live in interesting times.
@danielhutchinson6604 sharecropping/co-oping should be revisited before we lose all of the farmland. It would be horrible to starve to death while what's grown is being shipped out. The current state is almost inconceivable and will continue to deteriorate unless humanity can overcome the obstacles being placed in our way. Interesting times indeed.
@@michellesmithunroe2463
What if?????
We force the oligarchy to enact a new "Homestead Act"?
Thank you Dr. Wolff.
Fantastic! Amazingly clear! Thank you for educating us!
If only more US citizens would listen to him, maybe one day soon
Thanks!
Thank you Prof. Wolff, you address economic problems head on, making them clair, easy to understand and, even quite compelling... Will try and find your book in France where I live... in Toulouse to be precise, where Jaurès first galvanised crowds defenfing peace and social justice...
The French Revolution appears to be returning to remove the Oligarchs from their position of Power?
The ability to recognize that fact that Monarchs were not appointed by a Deity,
now returns as the Oligarchs purchase power with the Candidates they suggest.
Money is not an apparent God, and Fiat Currency is as fickle as Hookers when the money stops flowing.
The Currency Crisis that is lately becoming apparent,
seems to limit the Godlike abilities of the Oligarchy?
Thank to you, I love your speech es all the time. God bless you.
Thanks
Thank you Professor. It’s extremely helpful to understand our Politics.
A book I recommend to anyone seeking a deeper understanding of how our political system evolved is "First Principles: What America's Founders Learned from the Greeks and Romans," by Thomas Ricks. Ricks examines the influences over the thinking of those most responsible for the making of national governance under a written constitution. There is no question that the greatest influence was exerted by James Madison, who had studied in detail the experience of all past republics and why they eventually succumbed to despotism and collapse. Madison was hopeful but far from certain that the American republic would survive, and survive despite the fact that important principles (not the least of which was endorsing the enslavement of some human beings by other human beings) were sacrificed in order to form a union of the newly-formed sovereign states. The protection of slavery as an institution confirmed that the most important function of government was to be the protection of property, however property was to be defined.
The subsequent history of the United States of America has been a history of ongoing violence in defense of property over human rights.
Human rights? What are those and what is their source?
@@jgalt308 The existence of rights (as distinct from privileges) comes from the experience of cooperative behavior as essential to the nurturing of the young to reasonably ensure each person reaches the age of competency. Also integral to the basis for rights is the limit of the action's of the individual within the bounds of one's liberty (i.e., do no harm to others), beyond which (as John Locke explained) such behaviors fall in the realm of license, which jeopardizes the cooperative relations required for the just society and must be prevented.
One could point to morals derived by philosophers or ideologies, but why cant we just listen to the majoirty of the working class no matter their party preference? If we do that I think its more than reasonable that human rights include things like universal healthcare (working class physical and mental health continue to decline), financial security (which could come from jobs guarantees, democratic workplaces and economy, massive reforms to debt), less war that we can now all see the horrors of on the ground through our phones (want a real step to world peace? Make war and any material support of it or others' wars only doable by house Rep vote), national abortion rights at some early/mid term level. All this can and should be considered human/peoples rights, and also linked to the economy and how it, along with technological progress generally, is not working to better the lives of working class people here.
@@Porfi-1911 Sadly, efforts by socialist workers to unite workers worldwide in opposition to nationalism and wars of territorial conquest have thus far failed. Nationalism is an extended form of tribalism. Given the passage of just one or two generations, most of those whose grandparents were immigrants to any country are assimilated into the dominant tribe. Tribal hierarchy calls not for extended cooperation but demands sovereignty of action. Only a global confederation would potentially reduce the conflict and increase cooperation.
@@jgalt308stay stupid.
Inimitible. An education. Really appreciate your take on these challenging times, the many issues from an objective and factual economic perspective. Thank you.
Great show! Thank you 🙏
A wow factor as usual 😊 thank you
China is not an empire, it is a civilisation, Americans don’t have the ability to distinguish them
This dude is so smart. 🔥
Im raising my kids up on richard Wolf. I need them rebellious. Im tired of this bs.
Thank you Professor
Thank you Richard 🙏🏼 and have a good thanksgiving and Christmas
Rare combination of Truth and Wisdom well-formed and delivered flawlessly...truly awesome! Thank you, Professor Wolff!!
Thank you once again Professor Wolff.✌🏼👋🏼🖖🏼✊🏼
Amazing lecture, thank you for dedicating your time and energy to share your invaluable insights with us.
I appreciate Richard Wolff's ability to speak to people with a novice understanding of economics.
Wow! Brilliant and truthful talk!
Thank you for your clear explanations
💯% Right On Mr.Wolff!! 👍
I wonder where DT’s tennis shoes, bibles and other trinkets he sells are made😮
Hand made in Milano
Great conversation with facts.
Excellent Excellent Excellent!!!!
A Genius in geopolítical
I am grateful to you, Professor Wolff. I have learned soooo much from you. Your ideas are like a breath of fresh air.
The more I find out about the world and how politics works it makes me sick of how they manipulate us. Thanks for all your information 😘😘😘😘 it has helped me a lot to understand better about politics.
I was just thinking the exact same thing.. we are lied to and gaslit constantly
$35.00 minimum wage for all. $1 million maximum per year. Too bad for the richest. We can demand and take if we want.
The idea of abandoning Capital as a measure of Value,
seems to be a more easily accomplished Plan?
@@Victoria-Enzula 🤡
A comment on the Evangelical support for the Republicans. I recall a debate in 2012 among 12 different candidates for the Republican presidential nomination.The moderator asked a quick question question. Raise your hand if you believe in the theory of evolution. Of the 12 candidates, only one raised his hand, Jon Huntsman, and he was immediately eliminated from the race.
The American Theocracy appears to still steer some votes.
Have a happy Holidays and thank you!
An excellent critique.
I loved this talk, but 3 things:
1:12:54 Social security is actually indexed to CPI.
59:25 The U.S. hasn't had a major recession in 15 years, which is a historical anomaly. This is one of the legitimately unique characteristics of our current neoliberalism era: how the Federal Reserve is using unique new fiat tricks to manage the business cycle. Normally this would undermine the dollar, but every other central bank is doing it too so tbh I have no idea how this ends.
42:00 China has been going through a serious economic crisis for 2+ years now. So while I agree China will probably overtake the U.S. this century, it's not as clear cut as Mr. Wolff makes it out to be.
Thank you again, Mr. Wolff and D@W. This channel is a gold mine for political and economic commentary. Excited for the next talk in January! Cheers from Japan.
Perhaps the fiat trickery lies on proverbial paper only because it certainly feels like we've been in a major recession for that length of time due to the stagnation of wages to which Dr. Wolff referred.
Its not CPI...its CPLie
I've been watching quite many youtube videos by economics professor Richard Wolff here and I agree with him on everything that he says.
All is very persuading and illuminating.
But one thing that I cannot understand is: why isn't he suggesting a set of concrete proposals of actions to be taken to fix all those problems that capitalism has created in the United States?
Obviously, Wolff is a champion of Marxism and socialism, but he never calls explicitly for the population to start voting for the Socialist Party of the United States in order to bring it to power in Congress and hopefully in the presidential election.
Why is he not doing so?
@johnsmith100 because he's an educator, not a politician?
Thanks,Prof Wolff
Love your content Professor, from Canada. Just one small point of contention, from a US perspective, Britain was seen as the aggressor in the war of 1812. From a Canadian perspective, the American side was the aggressor, and therefore our continued existence is proof of a British victory/draw versus a loss.
Merci beaucoup Dr Wolf. Vous êtes une Lumiere dans ce monde de Ténèbres!
Excellent analysis. It’s tragic that the population of my country is dumbed down to the point of accepting alternative facts.
Thank you for your service.
Excellent! You are the 1st to say that tariffs go to Uncle Sam.
I used to think that America is a great and smart Nation...!!😂😂😂😅😅 but in fact it's a DAMN self destructive Nation.
Only if you think the corporations are American.
They are obviously not aligned to anyone but themselves.
It's not the nation, It's these system dominating your nation and that system is Capitalism.
That's the problem my friend.
PDP( Democrats) and GOP (Republicans) are , basically, one and same party, both are parties of the RULERS!!
Excellent analysis like always. Love your points of view.
Tks. much
Mr. Wolf, what do you think the chances are that Elon Musk will cut Social Security and Medicare to try and lower the country's debt? I realize it's not supposed to be counted against the debt, but congress has been borrowing from it for decades. (Do I have those assumptions correct?)
To witness such brilliance in plain spoke English is truly rare and remarkable
Brillant as always.
Thank you Prof Wolff for another excellent lecture.
Final Justice for American Exceptionalism ❤❤❤
Thank you p🎉😊
All algorithms lead to the Wolffff at the door.
Time to end private money in our electoral process....public funding, public promotion, obligation to vote...the infrastructure needed too...
Better yet. Time to update the Greek system of selected legislators by lottery. The basic eligibility requirements would be a minimum age and successful completion during one's formal education of a rigorous civics program. Willing to serve? You put your name in the lottery. If selected when openings exist, you serve for one term after which you return to your private life. No fund-raising, no campaigns, no elections. Perhaps, just perhaps, deeper commitment to the public good by those holding office.
@@nthpersonwhile holding office, elected officials must only receive the mean salary of their constituents on which to live with additional bonuses based on performance.
Way past time for that but the system is so far rigged against us when it comes to changing it in any way that benefits us and, apparently, becoming more deeply entrenched with each passing day that it's difficult to see meaningful change.
Thank you, as always, Prof. Wolff and the channel!!❤✊
Thank you , Professor. I love your talks