I am a 73 year old Vietnam veteran. This lecture reminds me of the first time I read "The Peoples History of the United States". I've not a "Capitalistic" bone in my body. I didn't understand why I never fit in. Until l read, "Manufacturing Consent". Thank you, Prof. for saying it the way it is.
Manufacturing consent Man I fact u ring con 💵 sent. Dictator's ships 💵 governed MINTs, private access gateways to life and they imprisoned our TIME, and nobody hardly the economic solutions 🗝️ so, all the have as symbolism in their minds of a never ending war ☯️ and there's no balance, no peace.
Employer employee both under Dictator's ships 💵 governed MINTs. Not their own currency being returned ⌚, they never get their time back...ever . It's time we did.
zinn's peoples history of the U.S. is such a horror story of craven greed selfishness & moral bankruptcy....what a disappointment that usa has never evolved beyond that....just been doubled down on tx mcconnell reagan & every self dealing politician & lobbyists. shameful.
Professor Wolf is so right on matter fact if you haven’t experienced a strike you’re very fortunate because a strike is war for labor.. I went through a strike against Carl Ichan in 1986 as a flight attendant., he told us if we wanted to friend get a dog, and that we were not breadwinners.. he locked us out for three years people committed suicide.. this was at the height of the AIDS crisis, leaving employees without healthcare.. Our case went to the Supreme Court we won in 1991 .. sadly TWA was acquired by American Airlines. They did not respect one day of our seniority, and let us all off for five years. We must have some laws protecting labor in our country.
Thank FDR for all of it... especially FIAT, then socialism, and finally an unconstitutional, criminal government. If inflation is part of a dual-headed hydra, it has been constant since 1939, and it's not going away... From 1930 to 2012, Total Government Revenue Grew from 11.1 Percent of GDP to 26.4 Percent of GDP and Total Government Spending Grew from 12.1 Percent of GDP to 35.6 percent of GDP If you are unfamiliar with the history or the present state of reality...and the rise of the rentier ( F.I.RE ) sector which is NOT capitalism ( see Michael Hudson ) the following facts will demonstrate it for you. Most Profitable Industries in the US in 2023 Commercial Banking in the US. ... Life Insurance & Annuities in the US. ... Portfolio Management & Investment Advice in the US. ... Software Publishing in the US. ... Private Equity, Hedge Funds & Investment Vehicles in the US. ... Regional Banks in the US. ... Oil Drilling & Gas Extraction in the US. What industry is the most profitable? The most profitable industry varies from year to year, but typically it is one that provides essential goods or services with high demand and low competition. The most profitable industries are consistently commercial banking, accounting, oil and gas extraction, legal services, and real estate.
I hadn't seen Prof Wolff on YT for months now, This, was like a breath of fresh...FIRE!!!! This man, is describing the medicine this culture and country and world needs.
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment? I can't afford my hard-earned 180k savings to turn to dust
And that's the problem...it's a selective truth, complete with historical misrepresentations, lies of omission and semantical gobbledegook. a.k.a. total bullshit.
Wolff and Co.?????? Not quite...Wolff may be back...what part of "and Co." will be back is still an unknown. ( David Harvey won't be. ) Mrs Wolff will obviously have priority, but all the rest probably won't be.
😊❤😊 workers united 🎉workers unite 🎉for rights, for prosperity, for dignity, for regularity, in good conscious for equities and ethical treatments 32:49 fabulously entrenched in true democracy. 🎉🎉 33:53 "we the people" - are human not corporations, "we breath.. we bleed.. we need to stay alive"
I had masks and hand sanitizer before 2020 for allergies so when 2020 businesses jacked up the prices 600 to 1000% more I had all the lockdown essentials already. I was a security guard since 2018 and before 2020 I was a joke in the lockdown I was the closer to the police try securing a water depot in flint Michigan during the lockdown only to come out in 2022 permanently laid off.from April 2021 to February 2022 homeless diabetic with cancelled benefits and I watched giant businesses buy trailer park's jacked up the prices $500 a month extra grocery stores jacked up the food price for the same stuff literally on the shelves 6-8 months prior to the lockdown declared over. Now that fema is $0.00 and insurance companies are not covering beachfront house owners the government is cutting EBT Medicaid Medicare and ssi benefits to send the savings to the wealthy to rebuild.. Our new computer's clock you out no matter if you're not finished on your shift. So the quality of work goes down and customer service goes down and that means customers go elsewhere and hours get cut that's the cycle.
Capitalist economy and capitalism get away with price gouging especially after the covid lockdown as long as they could they kept doing it now that people can't afford it they're going after the children for labor. Nothing says capitalism like future debt.
Professor Wolffs' understanding of the economy and where it is heading evolves with every presentation he makes. All I have to do is type in Richard Wolff and see what pops up as his latest speech or presentation next I look for the ones around fifty minutes onwards..... He never fails.....
Professor you are correct it goes along with what you would said we were told that we were great and we were Heroes that sacrifice and work through a dangerous pandemic but when it was over they didn't like us and want to know us anymore and I was one of the first truck drivers in Central Park when they opened it up as a makeshift Hospital
I miss the days when Dr. Wolff used to give these lectures, every month, at the Judson Memorial Church. A live audience used to bring 'atmosphere' and interaction to these talks. Obviously, I've been watching for a long time. 9 years, to be exact.
@@grizzlycharizard0017 Sorry but there were questions allowed...just not live ones...even though the "lecture" was live...the questions had to be submitted on paper, either before or during the lecture. Not that the cult has the intelligence to ask the right questions, or the knowledge to spot the BS. claims included in the lecture. Nor is there any interaction between the Prof and the questioner, so you have no clue what the actual question was. This is the same process followed in the Ask Prof Wolff segments, and the evidence of this pattern can easily spotted ( on both of the above counts ) because the actual question is available in the show notes...but the Professor never reads the actual question. ( he alters it so that it conforms to fit the answer he has already determined is the answer. ) All you have to do is look...and then tell me I'm wrong, and I usually will have a post in the comments for that segment pointing it out.
@@jgalt308 Well, to be honest, I never relied on Dr. Wolff to be my teacher ... as many people do. I do something strange, that most other people, these days, have never heard of. It's called reading.
Bay Area Californian here. I’ve been seeing brighter and brighter flickers of “we don’t need them…we never did.” It’s imperfect and a little scary but I keep on being surprised by the resistance that seems has irrevocably begun.
Now employers are giving staff an ultimatum about returning the the office when they've been working from home since the pandemic. It's all about CONTROL and POWER. We need a #GeneralStrike.
@@jgalt308 No one is so I won't be alone! But nothing short of a general strike will let the corporate greedy bums running this dying world know who is really in charge.
@@ryanosterman2651 No Union leaders as bosses. They have sold out, to some degree, also. The people need to own the means of production and run these businesses ourselves.
Prof. Wolf you are the most informative historians on the history of labor on the internet today. In the end the CIO was subordinated to the democratic party, in a classic trade off: the renunciation by labor of its independent power in exchange for the right to place economic demands upon corporations, known as economism. The U.S. came so close to becoming a socialist country only to roll back all the reforms of the new deal and put the country back in the hands of the oligarchy and the imperialist corporatocracy. Your well thought out concepts on how to implement cooperatives are crucial to the survival of human civilization because finance capitalism is literally destroying the planet.
The question is can the people of this planet unite and stop the combined corporate RAPE AND PILLAGING of OUR MOTHER EARTH? IF HUMANITY IS UNABLE to redirect corporate destruction of mother Earth 🌍 THEN we as a species are indeed doomed to go extinct
@35:00 absolutely been there , done that. US companies built the best products in the world, paid good wages, which Americans spent on American products. Peoples were able to buy homes, create communities, better education. Corporations were rich, rich. Then the greedy, became inhumane , demonized greedy .
You seem to have missed the point Wolff was making. Whatever we win under capitalism will always be taken away. Regardless, the same capitalist government is who would "protect" the workers with such law.
Four consecutive pieces on my local CBS news were: -Minimum wage increase for fast food workers. -Auto workers may strike because their CEOs gave themselves a 40% raise last year. -Writers strike in LA picketed out front of Netflix headquarters. -And a local San Diegan in his 50s is homeless for the first time because he lived with his mother and she died and the bank took the home. A godamn ADVERT for anti capitalism
Wow that last one is a bummer. Wasn't there anything in place for the guy to continue the mortgage? I wonder if that sort of thing is possible in a will?
You are absolutely right. I'm a auto worker at one of the big 3 and, I'm what they call a tpt. I have been working for 12 years and I really don't have any rights. I cone to work more than 70% of the full time worker and I'm forced to work more hours than full time workers weather I want to or not. I refuse to roll over to full time and start of like I just walled off the street to work here. I would have to start over as a day one employee. They would not let me roll over all the years that I've worked there. I have other full time workers say well I had to start over but, what they fell to realize is that it still doesn't make it right. I'm not going to start over from day one and if have to leave that industry then that's what I will be doing.
Who at the UAW or the automakers, will come help me when I lose my job at the small company that supplies sub-assemblies to automotive suppliers goes bankrupt from the strike? We are a small company that will not cause real harm to the community when it closes and I am sure the main suppliers could bring the production inhouse or farm it out to a foreign company. Enjoy your raise and benefits. I guess we will just be collateral damage.
The people's alliance for equality against the system of slavery is the ultimate solution to bring about the necessary demise of corporate capitalism, and launch a new history based on love, compassion, sustainability, and leisure for all!! You're my man my friend professor Wolff!! Keep up the enlightenment!
My husband just retired early during the pandemic. We are now paying for my health insurance out of pocket. I don't have to say how much that is taking out of our savings. I am now sick and it may get very serious. More money out of our pockets because the incredible expensive health insurgence does not pay it all. My husband is covered due to being a member of a good union. I think the union could have been better, since he is still in monetary trouble because they do not cover spouse's health insurgence after he retires.
Marx never actually said this. It's a misqoute. However, he did actually say this: "It wishes to see only "useful things produced, but it forgets that production of too many useful things produces too large a useless population." Marx is actually conveying the idea that in capitalist society focused solely on producing "useful things" or commodities for profit, there can also be unintended consequences. When too many useful goods are produced, it can actually lead to a surplus of goods and, consequently, a surplus of people who become unemployed or "useless" in the context of the capitalist system. This is actually a critique of the potential for overproduction and the resulting social and economic problems it can create.
@@JP-fb8ni Whereas government has proven that it is incompetent to determine what is useful, and that regardless of what problem it seeks to solve, the unintended consequences of its actions always make the problem worse.
@@jgalt308 Marx's critique isn't actually specifically about government intervention but rather about the inherent contradictions within capitalist production. Capitalism, driven by profit, often results in overproduction of goods, leading to unemployment and underutilization of resources. And while government intervention can have its own issues, Marx's point was actually to highlight the systemic problems of capitalism itself.
@@JP-fb8ni Whereas history shows that the inherent contradictions as well as the unintended consequences of marxism produce even worse results. Also, what exists is NOT capitalism.
*Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.*
No tengo un trabajo de tiempo completo; en cambio, trabajo por cuenta propia y tengo una variedad de fuentes de ingresos. Independientemente de cuánto dinero genere cada mes, mantengo el mismo presupuesto y estoy aquí para mi estilo de vida basado en recursos.
Mind if I ask you to recommend good expert how to reach this particular coach you are using their service? Seems you've figured it all out unlike the rest of us.
Would LOVE to hear a talk on unions in local government--especially in red states. It seems there are laws that precludes give from bargaining with employee unions. If true, why should government employees unionize?
It's obvious the American government does not have It's citizens best interest at heart. It's disappointing how evil and cruel our corporate government can be. Thank you Professor Wolfe. I'm looking forward to more videos, especially from Dr. Fraad.
its much worse than that.... its very close to being open fascism in which right-wing death squads are able to murder innocent people in the streets with 100% impunity......sounds crazy? its already starting to happen.
What do you expect from an unconstitutional criminal government???? You will never hear Wolff utter those words...in fact I* doubt he has a clue that we have a constitution.
Consultants out there looking for an opportunity: Here it is: become an expert in helping co-ops come to life by creating alliances and putting political pressure on local politicians.
Hello from Finland. Thank you for this good and informative video. I can tell you that the whole EU is in this same situation as discribed here in this presentation. (sorry my English, I do not use any translators)
Great stuff, I don t work anymore but i watched over my working life as unions were goingerd and even the employees thought they did not make a difference, I couldn't believe this attitude, by time i stopped work a lot of peiple had never heard of unions, I still had a union in my last job, i 👒hated working, in end because i was never better off❤, i luv not going to work, i do what i luv which is painting, drawing, i am lucky, i lve in Sydney Australia and we have good welfare system, and then i came into $ via court case and inheritance but unfortunately the recession and covid rubish hit, but I'm good, i have strategy, thank you for teaching me about Marxism 2night, i had no idea what it was, thanku for helping the poor American ciizens, its very hard in America for so many right now! God Bless! Eroded, hard 4 many Aussies too🎉
There is only one way to fix this inequality. Everybody collectively stops going to work and stops paying there bills. Workers must wake up and realise that without Workers millionaires and billionaires do not exist! We have all the power... all we have to do is use that power. Peace ✌️ and respect for you Richard 🙏
We need to stretch out and align the labor and the political movements. Racial and gender inequality is one hundred percent aligned with economic inequality. Marry the two and this will be beyond unstoppable.
Huge shout-out to the IATSE Union (International Alliance of Theatrical Stage Employees, if you aren't familiar). As someone who is an extra stage-hand I hope that those union members who are/have recently been struggling to get better benefits and safer working conditions get what they want.
I work for AMZ and was told move 1600 miles to corp HQ in Seattle or go find a new job! Mind you, I was hired into fully virtual role! We have no Union to help in this situation
Ascending the Economic ladder of Wealth is often seen as a measure of security within a Capitalist Society. But our Systems of Social Management unveil that the Oligarchy (as a Political Class) only affords privilege to those Capitalists who aid in generating and maintaining wealth disparity. The problem of driving hierarchical wealth by incentivizing marketplace intermediation (as an opportunity for speculative investors) is that corruption will always be remunerated disproportionately higher than those with the false-beliefs in the ideal of Meritocracy. And this cognitive dissonance may contribute to a mass formation psychosis, which keeps Society within a maladaptive ethos, incapable of escaping Social and Political Dislocation. The Wealth Disparity (in any location) represents a cultural integrity somewhere on the spectrum between “an equitable Society” and “ubiquitous psychopathy”. And, in regards to Wealth Disparity and the Oligarchy, it seems our Society is accelerating towards Vengeance as the virtue behind our so-called “Rule of Law”. There is no Justice without Systemic Justice, and that requires a Revolution within or without our Institutions of Social and Economic Governance.
Under capitalism, climbing the economic ladder is often seen as a path to security. However, within our system of social management, it becomes clear that the oligarchy, as a political class, primarily benefits those capitalists who contribute to and perpetuate wealth inequality. The problem actually lies in incentivising marketplace intermediation, which favours speculative investors and also rewards corruption disproportionately over those who believe in meritocracy. This disconnect can also contribute to a mass formation psychosis, trapping society in an unadaptive ethos, unable to escape social and political turmoil. Wealth disparity, present in any location, also reflects a cultural integrity somewhere between an equitable society and widespread psychopathy. Concerning wealth disparity and the oligarchy, our society, and as you also rightly point out, does indeed appear to be moving towards valuing vengeance as a supposed virtue within our "Rule of Law." And again, as you rightly point out, true justice can only emerge from systemic justice, which, as you say, necessitates a revolution either within or outside our institutions of social and economic governance.
@@JP-fb8ni I totally understand but Proper Nouns get capitalized under Standard English, Chicago rules. If there’s a more modern English language guide, like and update on Strunk and White, then I’d love to contemporize my style. I’m genuinely interested in your opinion, and thank you for taking the time to correct my interpretation. Regards.
@@jgalt308 Oh, absolutely, we humans are just baffled by our own existence, unlike those other life forms that have it all figured out, right? But hey, pondering our 'primary mission' is what makes us human, so maybe we're onto something after all. 🤔
@@jgalt308 And it's also worth noting that humans, unlike other life forms, possess a unique ability to reflect on and question their purpose and mission. And while there are certainly challenges and disagreements about what that mission should be, this capacity for self-awareness and contemplation is actually a defining characteristic of our species.
Thank FDR for all of it... especially FIAT, then socialism, and finally an unconstitutional, criminal government. Inflation has been constant since 1939, and it's not going away... From 1930 to 2012, Total Government Revenue Grew from 11.1 Percent of GDP to 26.4 Percent of GDP and Total Government Spending Grew from 12.1 Percent of GDP to 35.6 percent of GDP If you are unfamiliar with the history or the present state of reality...and the rise of the rentier ( F.I.RE ) sector which is NOT capitalism ( see Michael Hudson ) the following facts will demonstrate it for you. Most Profitable Industries in the US in 2023 Commercial Banking in the US. ... Life Insurance & Annuities in the US. ... Portfolio Management & Investment Advice in the US. ... Software Publishing in the US. ... Private Equity, Hedge Funds & Investment Vehicles in the US. ... Regional Banks in the US. ... Oil Drilling & Gas Extraction in the US. What industry is the most profitable? The most profitable industry varies from year to year, but typically it is one that provides essential goods or services with high demand and low competition. The most profitable industries are consistently commercial banking, accounting, oil and gas extraction, legal services, and real estate.
There does seem to be an uptick in strike activity, which is fantastic for the people. Will it be widespread enough to get people living wages ? Or will the pressures seeking to robify the masses succeed and continue to push down wages while job qualities decline until aggregate growth is so stagnant that people demand majour concessions in the combination of minimum wages, price controls, and universal basic incomes?
Can someone please me to connect to the technical support and customer service union? I reached out to this national union via email but so far I have not heard anything. I am looking to join a union because I can barely make ends meat. I have worked in this field for over ten years and just this last year, I am making 60k a year but I am still struggling. Like most people, my insurance is worthless. I emplore you, please help. I have done my part and will continue to do so but I can't force the union to connect with me. I work for a company that doesn't support a union shop. At the company that I work for converts overtime into PTO instead of extra money.
I want all of our brothers and sisters who have to survive. If you want to call it, that's to make what I am making. I am so angry about doing everything that I am supposed to do and keep getting screwed.
In Russia, prices have also increased, if earlier I bought some kind of nonsense like 3 yoghurts, sausage, eggs, chicken for daily soup, 3 tomatoes, milk, bread and Bounty and Milky Way chocolates for about 400-500 rubles, now it costs about 700 1000 rubles
![Global Capitalism: Socialism in Today's World: The 4 Kinds [November 2023]](http://i.ytimg.com/vi/-NcPW_1knLo/mqdefault.jpg)
![Global Capitalism: Socialism in Today's World: The 4 Kinds [November 2023]](/img/tr.png)
![Global Capitalism: War, Sanctions, Deepening Splits: Economic, Political, and Cultural [July 2022]](http://i.ytimg.com/vi/HGVfTS489IY/mqdefault.jpg)
![Global Capitalism: On Labor - A May Day 2024 Special [May 1st, 2024]](http://i.ytimg.com/vi/p2w7q_ssCZc/mqdefault.jpg)
I am a 73 year old Vietnam veteran. This lecture reminds me of the first time I read "The Peoples History of the United States". I've not a "Capitalistic" bone in my body. I didn't understand why I never fit in. Until l read, "Manufacturing Consent". Thank you, Prof. for saying it the way it is.
Manufacturing consent
Man I fact u ring con 💵 sent.
Dictator's ships 💵 governed MINTs, private access gateways to life and they imprisoned our TIME, and nobody hardly the economic solutions 🗝️ so, all the have as symbolism in their minds of a never ending war ☯️ and there's no balance, no peace.
Employer employee both under Dictator's ships 💵 governed MINTs. Not their own currency being returned ⌚, they never get their time back...ever .
It's time we did.
zinn's peoples history of the U.S. is such a horror story of craven greed selfishness & moral bankruptcy....what a disappointment that usa has never evolved beyond that....just been doubled down on tx mcconnell reagan & every self dealing politician & lobbyists. shameful.
Epic ~59 minutes here. Richard Wolff is a national treasure!! ❤
Professor Wolf is so right on matter fact if you haven’t experienced a strike you’re very fortunate because a strike is war for labor.. I went through a strike against Carl Ichan in 1986 as a flight attendant., he told us if we wanted to friend get a dog, and that we were not breadwinners.. he locked us out for three years people committed suicide.. this was at the height of the AIDS crisis, leaving employees without healthcare..
Our case went to the Supreme Court we won in 1991 .. sadly TWA was acquired by American Airlines. They did not respect one day of our seniority, and let us all off for five years. We must have some laws protecting labor in our country.
Thank FDR for all of it... especially FIAT, then socialism, and finally an unconstitutional, criminal government.
If inflation is part of a dual-headed hydra, it has been constant since 1939,
and it's not going away...
From 1930 to 2012, Total Government Revenue Grew from 11.1 Percent of GDP to 26.4 Percent of GDP
and Total Government Spending Grew from 12.1 Percent of GDP to 35.6 percent of GDP
If you are unfamiliar with the history or the present state of reality...and the rise of
the rentier ( F.I.RE ) sector which is NOT capitalism ( see Michael Hudson ) the following
facts will demonstrate it for you.
Most Profitable Industries in the US in 2023
Commercial Banking in the US. ...
Life Insurance & Annuities in the US. ...
Portfolio Management & Investment Advice in the US. ...
Software Publishing in the US. ...
Private Equity, Hedge Funds & Investment Vehicles in the US. ...
Regional Banks in the US. ...
Oil Drilling & Gas Extraction in the US.
What industry is the most profitable?
The most profitable industry varies from year to year, but typically it is one that provides essential goods or services with high demand and low competition. The most profitable industries are consistently commercial banking, accounting, oil and gas extraction, legal services, and real estate.
I hadn't seen Prof Wolff on YT for months now, This, was like a breath of fresh...FIRE!!!!
This man, is describing the medicine this culture and country and world needs.
and fully vaccinated and boosted too!!!!
America is currently plagued by the hydra-headed evil duo of inflation and recession. The worst part about this recession is that consumers are racking up credit card debt. In April alone, credit card debt went up 20% while rates have doubled in a year. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
Every day we have a new problem. It's the new normal. At first we thought it was a crisis, now we know it's a new normal and we have to adapt. this year will be a year of severe economic pain all over the nation.. what steps can we take to generate more income during quantitative adjustment? I can't afford my hard-earned 180k savings to turn to dust
@Mussa653 Please can you leave the info of your investment analyst here? I need such luck
I just checked her out and I have sent her an email. I hope she gets back to me soon.
Take it to Europe where that saving sum is equivalent to 1 million for several reasons
@sattler96 take it to Europe where tha savings sum is equivalent to 1 million for several reasons @@sattler96
Light of stars in the sky I can hear the voice with professor who speaks democracy at work in which Richard Wolff
Thank you. This is utterly brilliant
Richard Wolff is a consumate "teacher", teaching what he knows as the TRUTH of the situation- NO BULLSHIT.🙄
And that's the problem...it's a selective truth, complete with historical misrepresentations,
lies of omission and semantical gobbledegook. a.k.a. total bullshit.
This is…great! Hard to beat live!
Glad Dr Wolff and company are back after a long absence
Wolff and Co.?????? Not quite...Wolff may be back...what part of "and Co."
will be back is still an unknown. ( David Harvey won't be. )
Mrs Wolff will obviously have priority, but all the rest probably won't be.
@@jgalt308 Thanks for the info, I was only referring to the group of people responsible for creating and downloading Dr Wolff's programs
BRILLIANT
Unionize everything, worldwide.
I need richard wolff Back in youtube
He's been doing regular interviews on other YT channels. Just do a search.
😊❤😊 workers united 🎉workers unite 🎉for rights, for prosperity, for dignity, for regularity, in good conscious for equities and ethical treatments 32:49 fabulously entrenched in true democracy. 🎉🎉 33:53 "we the people" - are human not corporations, "we breath.. we bleed.. we need to stay alive"
And the pandemic goes on. I just got over a bad case of COVID and was grateful for grocery delivery. They ARE essential. #solidarity
I had masks and hand sanitizer before 2020 for allergies so when 2020 businesses jacked up the prices 600 to 1000% more I had all the lockdown essentials already. I was a security guard since 2018 and before 2020 I was a joke in the lockdown I was the closer to the police try securing a water depot in flint Michigan during the lockdown only to come out in 2022 permanently laid off.from April 2021 to February 2022 homeless diabetic with cancelled benefits and I watched giant businesses buy trailer park's jacked up the prices $500 a month extra grocery stores jacked up the food price for the same stuff literally on the shelves 6-8 months prior to the lockdown declared over. Now that fema is $0.00 and insurance companies are not covering beachfront house owners the government is cutting EBT Medicaid Medicare and ssi benefits to send the savings to the wealthy to rebuild.. Our new computer's clock you out no matter if you're not finished on your shift. So the quality of work goes down and customer service goes down and that means customers go elsewhere and hours get cut that's the cycle.
Capitalist economy and capitalism get away with price gouging especially after the covid lockdown as long as they could they kept doing it now that people can't afford it they're going after the children for labor. Nothing says capitalism like future debt.
Thank you so much for your time Prof Wolff 🙏🏼
Well said, with respect your awesome program - Prof. Wolff.
Professor Wolffs' understanding of the economy and where it is heading evolves with every presentation he makes. All I have to do is type in Richard Wolff and see what pops up as his latest speech or presentation next I look for the ones around fifty minutes onwards..... He never fails.....
Democracy at Work is failing...that's what happens when you run out of "other people's money".
Thank you for your clear and most importantly class of labor in the history of this Country.
I have learned a lot.
Remember that they need us but we don't need them at all. We have all the power.
We just need to realize it as a whole.
Who is they? What does anybody need YOU for?
@@jgalt308 they are your masters and they need our labor.
@@etep878 Not what was asked...not my master...and what on earth do you
think they need YOU for?
@@jgalt308 my labor
@@etep878 Doesn't look like it or sound like it...otherwise you wouldn't
be here whining.
Professor you are correct it goes along with what you would said we were told that we were great and we were Heroes that sacrifice and work through a dangerous pandemic but when it was over they didn't like us and want to know us anymore and I was one of the first truck drivers in Central Park when they opened it up as a makeshift Hospital
I miss the days when Dr. Wolff used to give these lectures, every month, at the Judson Memorial Church.
A live audience used to bring 'atmosphere' and interaction to these talks.
Obviously, I've been watching for a long time. 9 years, to be exact.
Yeah, you think so???? So why weren't live questions allowed????
You would think after 9 years you would have caught on to the B.S.
@@jgalt308 Because its a class, you don't really ask teachers questions unless it is the appropiate time to do so.
@@grizzlycharizard0017 Sorry but there were questions allowed...just not
live ones...even though the "lecture" was live...the questions had to be submitted
on paper, either before or during the lecture.
Not that the cult has the intelligence to ask the right questions,
or the knowledge to spot the BS. claims included in the lecture.
Nor is there any interaction between the Prof and the questioner,
so you have no clue what the actual question was.
This is the same process followed in the Ask Prof Wolff segments,
and the evidence of this pattern can easily spotted ( on both of the
above counts ) because the actual question is available in
the show notes...but the Professor never reads the actual question.
( he alters it so that it conforms to fit the answer he has already
determined is the answer. )
All you have to do is look...and then tell me I'm wrong, and I usually will
have a post in the comments for that segment pointing it out.
@@jgalt308 Well, to be honest, I never relied on Dr. Wolff to be my teacher ... as many people do.
I do something strange, that most other people, these days, have never heard of. It's called reading.
@@MatewanMassacre A rare and diminishing habit...but it does seem to
beg the question of what value the Wolff lectures represent?
Solidarité
Let's go neighbors! Support from Mexico.
Professor Wolff we miss you!
Prof. Wolff has been doing regular appearances on other UA-cam channels. Just search for his name.
@@AlanDavidDoane thank you
Greetings from Sierra Leone
Solidarische Grüße ❤
Bay Area Californian here. I’ve been seeing brighter and brighter flickers of “we don’t need them…we never did.” It’s imperfect and a little scary but I keep on being surprised by the resistance that seems has irrevocably begun.
Now employers are giving staff an ultimatum about returning the the office when they've been working from home since the pandemic. It's all about CONTROL and POWER. We need a #GeneralStrike.
Really???? Like you are prepared for one????
@@jgalt308 No one is so I won't be alone! But nothing short of a general strike will let the corporate greedy bums running this dying world know who is really in charge.
It is an Inspiring message for all of us. It gives me hope for the future.
The PCO (Political Co-Op party)
I'm with you Professor 💯
You are realistic about what to expect from the future of Labour all over.
With all these businesses getting unionized, I hope they're the first step towards turning them worker co-op.
Who knows. Maybe we’ll get some good ol syndicalism.
@@Blue_Collar_Hero You don't have to be nasty, do you?
@@ryanosterman2651 No Union leaders as bosses. They have sold out, to some degree, also. The people need to own the means of production and run these businesses ourselves.
“We only want to help you when it benefits us.” ~Pandemic Politicians. This is great Richard, thank you for this special 2023 Labor Day episode. 😎
I love and appreciate you commentary. Thank you.
Always putting things into a digestible perspective, thank you Professor
Always a great topic, especially on Labor Day.
Thank you Prof Wolff!!!
Prof. Wolf you are the most informative historians on the history of labor on the internet today. In the end the CIO was subordinated to the democratic party, in a classic trade off: the renunciation by labor of its independent power in exchange for the right to place economic demands upon corporations, known as economism. The U.S. came so close to becoming a socialist country only to roll back all the reforms of the new deal and put the country back in the hands of the oligarchy and the imperialist corporatocracy. Your well thought out concepts on how to implement cooperatives are crucial to the survival of human civilization because finance capitalism is literally destroying the planet.
Question: are monopolies good or bad???
The question is can the people of this planet unite and stop the combined corporate RAPE AND PILLAGING of OUR MOTHER EARTH? IF HUMANITY IS UNABLE to redirect corporate destruction of mother Earth 🌍 THEN we as a species are indeed doomed to go extinct
@@jgalt308 depends on what the monopoly is.
@@ryanosterman2651 so enlighten us...?
Yes
@35:00 absolutely been there , done that. US companies built the best products in the world, paid good wages, which Americans spent on American products.
Peoples were able to buy homes, create communities, better education. Corporations were rich, rich. Then the greedy, became inhumane , demonized greedy .
We can't count on employers to do the right thing. We need these things written into law, NOT written into company policy.
You seem to have missed the point Wolff was making. Whatever we win under capitalism will always be taken away. Regardless, the same capitalist government is who would "protect" the workers with such law.
@@ProleDaddy Except that the government is not capitalist.
@@jgalt308oh can't have a labor discussion without some dipstick libertarian any rand sniffer slinging fertilizer 😂😂
This program common sense video. Unbelievable. Thank you so good
We should do the only thing that listening this program of to Richard Wolff's English speaks. Thank you very much
The evolution of labor must be towards Worker Owned Cooperatives transacting in Bitcoin. REAL Power to the people!
Four consecutive pieces on my local CBS news were:
-Minimum wage increase for fast food workers.
-Auto workers may strike because their CEOs gave themselves a 40% raise last year.
-Writers strike in LA picketed out front of Netflix headquarters.
-And a local San Diegan in his 50s is homeless for the first time because he lived with his mother and she died and the bank took the home.
A godamn ADVERT for anti capitalism
It's about time that this country is facing it's hipocracracy
Wow that last one is a bummer. Wasn't there anything in place for the guy to continue the mortgage? I wonder if that sort of thing is possible in a will?
Great to see Professor Wolff again and glad to see an episode so focused on some of the labor action that's happened recently.
Failing to form a union, workers need to plan to buy the business. Form alliances first for leverage and support.
"it's good beer, I've had it myself"😆. Very much love you, Ric- you are inspiring in every vid and a beacon of hope.
Thanks!
What we have now...
A proto-capitalist party: The Democratic Party
A fascist party: The Republican Party
Great to have you back Prof Wolff
You are absolutely right. I'm a auto worker at one of the big 3 and, I'm what they call a tpt. I have been working for 12 years and I really don't have any rights. I cone to work more than 70% of the full time worker and I'm forced to work more hours than full time workers weather I want to or not. I refuse to roll over to full time and start of like I just walled off the street to work here. I would have to start over as a day one employee. They would not let me roll over all the years that I've worked there. I have other full time workers say well I had to start over but, what they fell to realize is that it still doesn't make it right. I'm not going to start over from day one and if have to leave that industry then that's what I will be doing.
Who at the UAW or the automakers, will come help me when I lose my job at the small company that supplies sub-assemblies to automotive suppliers goes bankrupt from the strike? We are a small company that will not cause real harm to the community when it closes and I am sure the main suppliers could bring the production inhouse or farm it out to a foreign company. Enjoy your raise and benefits. I guess we will just be collateral damage.
Sorry I missed most of Prof Wolff's presentation. He makes complicated political/economic/historic matters easy to understand.
Only for the "victims" he is preaching to!!!!
Go away silly troll.
Long time no see. Glad to hear from you again.
The people's alliance for equality against the system of slavery is the ultimate solution to bring about the necessary demise of corporate capitalism, and launch a new history based on love, compassion, sustainability, and leisure for all!! You're my man my friend professor Wolff!! Keep up the enlightenment!
Its been a long month waiting for this.
Thank you Mr Wolff for what you do..
Hallelujah, we have been saved!
Starbucks in Ithaca, NY a union workplace is closed. They started by reducing hours. Then it was simply closed. The site sits empty.
And that is the future of the labor movement...thank FDR, fiat money, socialism and
an unconstitutional, criminal government.
As much as a cup of coffee cost in Starbucks? Starbucks gets their coffee cheap, sells it high and still couldn’t pay workers a decent salary😮.
@@BuffyNoir140what did you expect? People in charge are evil you know
UAW just went on strike. Solidarity to our brothers and sisters!
My husband just retired early during the pandemic. We are now paying for my health insurance out of pocket. I don't have to say how much that is taking out of our savings. I am now sick and it may get very serious. More money out of our pockets because the incredible expensive health insurgence does not pay it all.
My husband is covered due to being a member of a good union. I think the union could have been better, since he is still in monetary trouble because they do not cover spouse's health insurgence after he retires.
More of this!!!
Thank you Professor Wolff !! 🤗 This is the exact discussion we all need to hear!😄❤️Robin PS I have been taking notes!😊
What discussion?
“The production of too many useful things results in too many useless people.”
~ Karl Marx
Marx never actually said this. It's a misqoute. However, he did actually say this:
"It wishes to see only "useful things produced, but it forgets that production of too many useful things produces too large a useless population."
Marx is actually conveying the idea that in capitalist society focused solely on producing "useful things" or commodities for profit, there can also be unintended consequences. When too many useful goods are produced, it can actually lead to a surplus of goods and, consequently, a surplus of people who become unemployed or "useless" in the context of the capitalist system. This is actually a critique of the potential for overproduction and the resulting social and economic problems it can create.
@@JP-fb8ni Whereas government has proven that it is incompetent to determine
what is useful, and that regardless of what problem it seeks to solve, the unintended
consequences of its actions always make the problem worse.
@@jgalt308 Marx's critique isn't actually specifically about government intervention but rather about the inherent contradictions within capitalist production. Capitalism, driven by profit, often results in overproduction of goods, leading to unemployment and underutilization of resources. And while government intervention can have its own issues, Marx's point was actually to highlight the systemic problems of capitalism itself.
@@JP-fb8ni Whereas history shows that the inherent contradictions as well as
the unintended consequences of marxism produce even worse results.
Also, what exists is NOT capitalism.
Also Marx expected capitalism to end the rentier economy...
and he was wrong, the rentiers won.
*Becoming a good trader takes time and patience. When i first got into trading i was liquidated twice, and lost my entire mortgage deposit. I could have given up, but decided to learn how to trade and put it into practice. 4 years later and i am glad i made that decision.*
That's why I have been working with 'Gibson Rudy Expert Pro and that doesn't make me daft because in financial dealings one have to be prudent.
No tengo un trabajo de tiempo completo; en cambio, trabajo por cuenta propia y tengo una variedad de fuentes de ingresos. Independientemente de cuánto dinero genere cada mes, mantengo el mismo presupuesto y estoy aquí para mi estilo de vida basado en recursos.
With the help of #Gibson_Rudy I was able to achieve all that I dreamed off in life, all thanks to him.
Mind if I ask you to recommend good expert how to reach this particular coach you are using their service? Seems you've figured it all out unlike the rest of us.
#Gibson Rudy Expert Pro
Would LOVE to hear a talk on unions in local government--especially in red states. It seems there are laws that precludes give from bargaining with employee unions. If true, why should government employees unionize?
Great,
Fantastic!
It's obvious the American government does not have It's citizens best interest at heart. It's disappointing how evil and cruel our corporate government can be. Thank you Professor Wolfe. I'm looking forward to more videos, especially from Dr. Fraad.
its much worse than that.... its very close to being open fascism in which right-wing death squads are able to murder innocent people in the streets with 100% impunity......sounds crazy? its already starting to happen.
What do you expect from an unconstitutional criminal government????
You will never hear Wolff utter those words...in fact I* doubt he has a clue
that we have a constitution.
Excellent update prof wolff
Consultants out there looking for an opportunity: Here it is: become an expert in helping co-ops come to life by creating alliances and putting political pressure on local politicians.
YESSS!
Hello from Finland. Thank you for this good and informative video. I can tell you that the whole EU is in this same situation as discribed here in this presentation. (sorry my English, I do not use any translators)
IWW - A great place to start.
This is the fruit of Reagan’s “trickledown Reaganomics”
Has Democracy at Work sat down with Dr Gerald Horne? Would love to see that conversation.
Wolff army!💪
Great stuff, I don t work anymore but i watched over my working life as unions were goingerd and even the employees thought they did not make a difference, I couldn't believe this attitude, by time i stopped work a lot of peiple had never heard of unions, I still had a union in my last job, i 👒hated working, in end because i was never better off❤, i luv not going to work, i do what i luv which is painting, drawing, i am lucky, i lve in Sydney Australia and we have good welfare system, and then i came into $ via court case and inheritance but unfortunately the recession and covid rubish hit, but I'm good, i have strategy, thank you for teaching me about Marxism 2night, i had no idea what it was, thanku for helping the poor American ciizens, its very hard in America for so many right now! God Bless! Eroded, hard 4 many Aussies too🎉
There is only one way to fix this inequality. Everybody collectively stops going to work and stops paying there bills. Workers must wake up and realise that without Workers millionaires and billionaires do not exist! We have all the power... all we have to do is use that power. Peace ✌️ and respect for you Richard 🙏
missed this!
We need to stretch out and align the labor and the political movements. Racial and gender inequality is one hundred percent aligned with economic inequality. Marry the two and this will be beyond unstoppable.
Huge shout-out to the IATSE Union (International Alliance of Theatrical Stage Employees, if you aren't familiar). As someone who is an extra stage-hand I hope that those union members who are/have recently been struggling to get better benefits and safer working conditions get what they want.
Hurrah❤
I work for AMZ and was told move 1600 miles to corp HQ in Seattle or go find a new job! Mind you, I was hired into fully virtual role! We have no Union to help in this situation
Let me guess, no relocation assistance?
🙏🏾
Ascending the Economic ladder of Wealth is often seen as a measure of security within a Capitalist Society. But our Systems of Social Management unveil that the Oligarchy (as a Political Class) only affords privilege to those Capitalists who aid in generating and maintaining wealth disparity. The problem of driving hierarchical wealth by incentivizing marketplace intermediation (as an opportunity for speculative investors) is that corruption will always be remunerated disproportionately higher than those with the false-beliefs in the ideal of Meritocracy. And this cognitive dissonance may contribute to a mass formation psychosis, which keeps Society within a maladaptive ethos, incapable of escaping Social and Political Dislocation.
The Wealth Disparity (in any location) represents a cultural integrity somewhere on the spectrum between “an equitable Society” and “ubiquitous psychopathy”. And, in regards to Wealth Disparity and the Oligarchy, it seems our Society is accelerating towards Vengeance as the virtue behind our so-called “Rule of Law”. There is no Justice without Systemic Justice, and that requires a Revolution within or without our Institutions of Social and Economic Governance.
Under capitalism, climbing the economic ladder is often seen as a path to security. However, within our system of social management, it becomes clear that the oligarchy, as a political class, primarily benefits those capitalists who contribute to and perpetuate wealth inequality. The problem actually lies in incentivising marketplace intermediation, which favours speculative investors and also rewards corruption disproportionately over those who believe in meritocracy. This disconnect can also contribute to a mass formation psychosis, trapping society in an unadaptive ethos, unable to escape social and political turmoil.
Wealth disparity, present in any location, also reflects a cultural integrity somewhere between an equitable society and widespread psychopathy. Concerning wealth disparity and the oligarchy, our society, and as you also rightly point out, does indeed appear to be moving towards valuing vengeance as a supposed virtue within our "Rule of Law." And again, as you rightly point out, true justice can only emerge from systemic justice, which, as you say, necessitates a revolution either within or outside our institutions of social and economic governance.
@@JP-fb8ni I totally understand but Proper Nouns get capitalized under Standard English, Chicago rules. If there’s a more modern English language guide, like and update on Strunk and White, then I’d love to contemporize my style.
I’m genuinely interested in your opinion, and thank you for taking the time to correct my interpretation. Regards.
Sadly, humans are the only life form that have failed to understand their primary mission.
@@jgalt308 Oh, absolutely, we humans are just baffled by our own existence, unlike those other life forms that have it all figured out, right? But hey, pondering our 'primary mission' is what makes us human, so maybe we're onto something after all. 🤔
@@jgalt308 And it's also worth noting that humans, unlike other life forms, possess a unique ability to reflect on and question their purpose and mission. And while there are certainly challenges and disagreements about what that mission should be, this capacity for self-awareness and contemplation is actually a defining characteristic of our species.
Such a great public speaker
Only for fans of B.S.
A long ago guest on Econ Update quipped ,"Rich people get what they spend,the rest of us spend what we get".
Always wait for this video. Fresh breeze
I’m so inspired 🎉
Thanks for the great video!
Welcome back Prof 😊Wolf
U so Rock prof Wolff.
Great Huge of Brasil
3 major economic collaposes, which doesnt even include the major bank failures that have happened within the past year!
What bank failures?
@@jgalt308 signature bank, silicon valley bank, and credit suisse
@@jgalt308so pathetic. Just face the truth, there is no upward mobility for you anymore.
Always enjoyed his lectures and expertise
Thank you
He does lectures...he has no expertise...and his scam is failing!
Thank FDR for all of it... especially FIAT, then socialism, and finally an unconstitutional, criminal government.
Inflation has been constant since 1939, and it's not going away...
From 1930 to 2012, Total Government Revenue Grew from 11.1 Percent of GDP to 26.4 Percent of GDP
and Total Government Spending Grew from 12.1 Percent of GDP to 35.6 percent of GDP
If you are unfamiliar with the history or the present state of reality...and the rise of
the rentier ( F.I.RE ) sector which is NOT capitalism ( see Michael Hudson ) the following
facts will demonstrate it for you.
Most Profitable Industries in the US in 2023
Commercial Banking in the US. ...
Life Insurance & Annuities in the US. ...
Portfolio Management & Investment Advice in the US. ...
Software Publishing in the US. ...
Private Equity, Hedge Funds & Investment Vehicles in the US. ...
Regional Banks in the US. ...
Oil Drilling & Gas Extraction in the US.
What industry is the most profitable?
The most profitable industry varies from year to year, but typically it is one that provides essential goods or services with high demand and low competition. The most profitable industries are consistently commercial banking, accounting, oil and gas extraction, legal services, and real estate.
Speriamo
There does seem to be an uptick in strike activity, which is fantastic for the people. Will it be widespread enough to get people living wages ? Or will the pressures seeking to robify the masses succeed and continue to push down wages while job qualities decline until aggregate growth is so stagnant that people demand majour concessions in the combination of minimum wages, price controls, and universal basic incomes?
All the time we have something to talk with anyone, which has soul in capitalism. Thank you so much
Can someone please me to connect to the technical support and customer service union? I reached out to this national union via email but so far I have not heard anything. I am looking to join a union because I can barely make ends meat. I have worked in this field for over ten years and just this last year, I am making 60k a year but I am still struggling. Like most people, my insurance is worthless. I emplore you, please help. I have done my part and will continue to do so but I can't force the union to connect with me. I work for a company that doesn't support a union shop. At the company that I work for converts overtime into PTO instead of extra money.
I want all of our brothers and sisters who have to survive. If you want to call it, that's to make what I am making. I am so angry about doing everything that I am supposed to do and keep getting screwed.
In Russia, prices have also increased, if earlier I bought some kind of nonsense like 3 yoghurts, sausage, eggs, chicken for daily soup, 3 tomatoes, milk, bread and Bounty and Milky Way chocolates for about 400-500 rubles, now it costs about 700 1000 rubles
Employee Ownership Cooperatives