whenever i tell people what dr wolff has reiterated in this video, that capitalism is by design unstable and exploitative people just outright deny that statement. the willful ignorance of americans on how their economic system is designed and how it actually operates is scary and frustrating.
It's a religion at this point. Can complain about our bosses, jobs, lively hoods, but using the 'c-word' is too far. Capitalism is just the worship of money and a vessel to feed off the worst human behavior and suppress any good from the inside.
Nicole : Yes there has been a boat load of money invested to maintain the oligarchy and "Capitalism" to maintain it. Nancy MacLean, has a new book called “Democracy in Chains: It's a up to date explanation of why we are here. When I have a discussion like this with an uninformed citizen, I try to avoid labels and just talk about social policies with some emotional content. I'll ask things like. Do you think we should take care of the elderly? Veterans? The disabled? Speaking of Publix I wen't to have a few subs made there and the employee must have been 70+ years old. I asked her why she was still in the work force. She told me she had to be in order to afford Christmas presents for her grandchildren and help with bills.. Stories like that make it hard to justify this American economic system.
Recessions are necessary to clear out dead wood and mal-investment. The work then transfers to more profitable business ventures and those thrive. The best time to make money is actually in recessions. It is the best time to buy a car. It is the best time to buy a house. It is the best time to buy stocks or start a business. Assets can be acquired for pennies on the dollar. People who are smart make big money in recessions. Only idiots and fools lose their shirts. The wise BUY low and SELL high. Fools do the opposite.
It's important to understand that criticism of capitalism is associated with advocacy for communism in mainstream consciousness. The real difficulty people have with honestly discussing the flaws of capitalism is fear of the concept of communism. You have to address this issue in some way first before you can get people to open up about the reality under the current economic system.
For decades Michael Parenti has written and spoken about the ways in which we have been conditioned to accept capitalism/imperialism and all that goes with that. If anyone is not familiar with his work I urge you to check it out. He is awesome! You won't regret it. Dr. Parenti and Dr. Wolff are both excellent. They have provided me with many pieces of the puzzle that have eluded me for most of my life. I never miss a chance to hear them speak.
What happens when those low skilled employees can't find another job and they're forced to come back, but, they have to pay back the quiting bonus plus interest?
Who says they cant find another job? Lots of people quit Amazon to go work somewhere else. Lets flip it though, what happens when all Amazons workers quit and no one will work there anymore due to terrible working conditions and low pay? Well Amazon would have to improve things wouldnt they?
Come on now, most of those people who work there is because they're low skilled. Otherwise, they wouldn't be there in the first place. And if they all quit then Amazon would have no choice but to invest in robots - it would a lot cheaper than dealing with all the chaos and uncertainty.
This is flat out not true, a lot of people are going there in many areas as other parts of the economy laid people off. Calling workers low skilled was used as part of a propaganda campaign in order to get others to be ok with low wages and working conditions for others. Amazon can afford to pay their workers better and they can afford to improve working conditions however they do not do this. this has nothing to do with they wouldn't be profitable at all and more to do with they wouldn't be as profitable. This purely comes down to greed on the part of Amazon, if Inn n Out burger can afford to pay its workers what they pay their workers then Amazon can afford to pay its workers more.
@Duane Craig I don't believe in unfettered capitalism, but, i certainly don't believe in full blown socialism, either. If you keep attacking Amazon they will no doubt resort to automation. Remember when 1,200 Amazon employee wanted to unionized? They end up getting fired. Amazon is ruthless.
6 років тому+1
This show is great. Now I can add it to my list of shows I watch on UA-cam like Redacted Tonight, The Jimmy Dore Show, etc.
Maximum income? Absolutely. No one needs to be a billionaire or multi-millionaire. That’s more money than one could ever spend, AND it’s money made on the backs of workers.
A temporary staffing agency has a new marketing slogan, i.e. "The New Way to Work!" What? You mean the "old way to work" - which meant a living wage job to support yourself and your family in a decent home - is obsolete??
This is exactly what have happened on jobs... we will take any job for survival... for any amount of money... which will cause another Crash because the systemic problems are still there... and have not changed from the 2008 crash.
Annoying. I never get to see part 2. My computer only goes to patreon, inc which is about paid creative advertising. Why cannot Dr Wolff put a proper link under the video so that we can watch the concluding part easily?
Hi Robert, For all of Professor Wolff's pontificating about Capitalism, the Patron portion of the program is where he makes his money. But in my view, how are we supposed to believe that he can think independently while he is panhandling? Might he not shape his opinions to cater to a higher rolling clientele? Also, does he really believe in educating the public, if he is so willing to cut off those of us who are not paying customers. Really, I can guess that Professor Wolff is always washing his hands, because somehow they never feel quite clean enough.
Fantastic! And the ending with the fashion Industry is supurb! Now all you need is a comedian to display the shirt and shoes and this show hit's number 1 ! LOLOLOLOLOL
there is a thing kind of like a shirt on a shirt, called a game pocket, on the back of the shirt. It's great for putting something like a windbreaker in when the cool morning warms or the warm day cools. but they don't look stupid enough, of course
Professor Wolff took note of the announcement that people in China now have a longer life expectancy than in the United States. The beginning of the decline in the conditions that contribute to this outcome occurred in the late 1970s. The organization Redefining Progress began to gather and analysis statistics on the lives of people in the United States. From this they developed the Genuine Progress Indicator.
I'd like to know why I am not seeing any comments i've made on this thread. Are there any thread rules I'm unaware of? Or Is UA-cam just being an authoritarian big brother and editing out certain comments?
Reality4Peace , as a regular reader/listener of Democracy at work and/or Richard Wolff , my comments are available for a few days, so I cannot figure out what is happening to your comments-- Keep trying, I love your signature... I was once a producer of a local cable TV show in Sacramento, California, it was called “Access Reality” and your “Reality4Peace” sounds like we may think alike. Where are you located.? I live near Sacramento now. My sincere support goes out to you, Keep up the good work!! Peggy
Seriously. Only 52,000 people subscribe to this yet over 1.5 million subscribe to gun review sites I watch. I have watched Richard for years now. You and I mean YOU reading this need to subscribe. Its ridiculous that people have no interest in real things that matter. The ignorance of the common man never ceases to amaze me.
A comment on the Poor People’s Campaign and the ivolvement of Martin Luther King, Jr. A few years ago I learned that a long time colleague of mine happened to have attended college with Coretta Scott King. Later, as a Congressional staffer he had the opportunity to talk with Martin Luther King, Jr. to share his views on how to deal with poverty in the United States. My colleague had developed his ideas by studying the works of Henry George early in his career as a journalist. Interesting to me is that in King’s final book he quotes Henry George. Was Martin Luther King, Jr. ready to join the list of people such as William Lloyd Garrison, Jr., Leo Tolstoy, Sun Yat-Sen, Louis Brandeis, Frederic Howe and John Dewey who saw Henry George’s proposals at the best solution to poverty?
3:50 Actually the Catholic church kept a low profile in the referendum, they had MASSIVE scandals in Ireland and were in no position to preach about the sanctity of life - even of born babies. The worst scandal was about the children of Tuam. Maternity home run by nuns between 1925 and 1961 for unmarried mothers. The children were taken away from the mothers often by force, sold into adoption to the U.S. - if they were lucky. A mass "grave" found - the many, many children were not officially and properly buried. And survivors of these home came out too. The scandal broke in the last ? 2 years, additionally to other stories of (sexual) abuse in homes, and exploitation of unmarried women as unpaid indentured workforce in such homes.
As to companies accused of causing disease, they have and did not want to pay regardless of whether or not their activities caused the disease. Before OSHA, there was a hazardous work condition at Ford Motor in Norfolk, VA. How was the matter solved? The union voted to give everybody a 5 cent per hour raise and rotate employees in and out of the job. This could treat the problem by reducing exposures to paint vapors to a low average.
I have a friend who became a Trumpist after being a Democrat her entire life. She totally buys into the "economy is doing great" mythology. She contends Trump is "doing so much for our country." I must add she is also totally dependent on her very small Social Security income. So, like many before her, she voted against her own best interests in electing Trump. We need more voices like yours, Prof. Wolff.
Talc is used primarily in industrial paint and coatings, wood lacquers, printing inks, fillers as well as in various coatings. ... The lamillar, hydrophobic and chemical inert structure of talc makes it to a perfect filler for the industry. Workers in making these products do not get mesothelioma! Inert!
there is no such thing as a shortage of jobs ..just a shortage of humans sharing the work!!...it must be made financially worthwhile to share the jobs we actually do NEED people to do and work LESS...this is how this crappy world could be changed dramatically for the better.
Re: 2008 Economic Crisis: Rather then laying off its workforce many of Germany's workforce was given the option of participating in a short time work program. They were able to stay at home for days or even weeks at a time and yet they received 80 to 90 percent of their wages thanks to subsidies paid by the Federal Employment Agency This was not only beneficial in keeping unemployment numbers down but also helped employers which had a well trained workforce at hand once the economy picked up again.
You should see how sad it is in Toronto.....work at COSTCO or Walmart or do construction. Then people (friends and relatives) try to con others. It seems that family and social structure is broken.
U.S. employers are on a juggernaut to destroy jobs by automation, mechanization, computerization, internet-outsourcing and H1-B visa ins-sourcing - all of them and everywhere so that all earned money goes to the CEO's, principal stockholders and richest investors. Make that impending reality the starting point of all your thoughts.
our corp tax rate is 15% used to be 29% but harper cut 14% when he was in office. He did it while oil was pimped up and our dollar was near par ,Then when oil started going to shit he was shown the door and jr got to hold the bag
How can you possibly support Amazon and their employee practices? Do you know about the harsh working conditions? Please read up on Amazon and then see if you can still say anything positive about them
Four walls do not a prison make for we are all imprisoned within our minds, apparently Amazon understands this well. You got to hand it to Amazon what a mind fuck for motivation they pulled off.
Who is the economy working for, not me. I have worked 2 jobs in Hawaii just To barely making for a few months I ate 1 meal a day. 43 years , fuck it I quit my unstable job, took my pension 401k , sold my apartment in Waikiki. Then I moved to Thailand and I was Very lucky to get out
A Maximum income would be brilliant. Mainstream economists like to talk about money as merely a neutral means of exchange, ignoring that those with enough money can literally manipulate the society around us at the expense of those without the funds. So money is not just a form of neutral exchange, it's a form of social power. A democratic society ought to, at the very least, have a strictly enforced maximum income in order to prevent this or that individual or institution with sufficient funds from controlling the society.
USA has an obesity problem, and most Asian countries have always had a longer life expectancy than Europeans. Also, China has, not just a bad wealth gap as the poorest people in china make like $350/yr while the richest make about $150k. The USA it's ~$30K vs $173k. So.......explain. Also, recesions and depressions are natural parts of a well functioning economy. It's like a large tree falling in the forest allowing smaller ones a chance to reach for the sun. Governments are what keep these big companies "too big to fail" preventing small businesses from growing and allowing big companies to take risks, and bully employees. If we just let these companies fail instead and stopped giving money to the big abusive companies there would be more give and take between company and employee and big business and little business.
I mean iconoclasm and vandalism are terms that come straight from the French revolution... you'd never get away with saying that violence against the establishment's property was a big deal like people do over here lol. im amazed macron had the gall and ignorance to try
im not surprised that the life expectancy of china surpassed ours, we in the us live the rat race as much as anybody around the world, our food is genetically modified, our kids are raised by the school system, our health care is diminishing and the most expensive in the world, our economy is going to shit, and materialism has substituted family values and religion which believe it or not in times of hardship can provide some comfort, im surprised our life expectancy isn't low even amongst 3rd world countries.
guaranty jobs? = guaranty prostitution with out money we all are rich how about Time Banking everyone have got 24 hours to exchange . Free will cause friendships , compassion, cooperation, mutual care, love , ... everything that one can not buy for money and it is what we need to live
It's funny how prof. Wolff never tells his listeners the truth - Sweden, Norway and Denmark have very low corporate taxes - way lower than in the US. Sweden 22%, Norway 27, Denmark 24,5%, US 39,1% (average across all states).
Tomato Pa That's correct but prof. Wolff blames capitalism instead of your government for that situation which is a lie. Companies pay taxes if required by law. If US government provides no laws it is solely its own fault. But maybe Bernie Sanders could fix that.
Everybody tries to influence the law if the politicians are corrupt and greedy. You think installing socialism suddenly changes the nature of people? The problem lies in the fact that Americans keep voting for the same devils for decades now. It's not the fault of capitalism - It is the fault of your government. Do you really think anything would change under socialism? If yes, could you tell me where are you going to take all the angels to rule your country?
At 11:30 Wolff says that the workers would be way more committed to the business if they owned the company, but under the current economic system there isn't anything stopping people from forming co-ops!
Because it's important to see the bullshit of balenciaga as to hear it, I linked the shirt he described. www.balenciaga.com/us/shirts_cod38757019tm.html
Yes, Canadian capitalists will employ Americans in conditions too fucked up to be legal in Canada, and extract the profits, leaving you with mounting public debt. Welcome to neocolonialism.
Workers tend to take pride in their work no matter what it specifically is. That pride will always be exploited by the employer to suppress wages. Oh, and brown people. I forgot they're responsible for lower wages.
The quality of health is not directly related to the difference between rich and poor but to the absolute standing in human development of the country. for example poor in Australia is not the same as poor in Russia while poor in Russia is better of than Poor in sub Saharan Africa. This idiot stepping on its own tingle to make non existing point.
Still waiting for the day where Prof. Wolff will have at least one word about the possible disadvantages of socialism. Never trust a seller who says his product has no flaws.
mtvandamme i am watching him for a long time and never have I heard any criticism of socialism from him. Could you maybe give me some examples? Wolff mentions the instability of capitalism but he never talks about the instabilities of socialism which according to all historical data are exactly the same. This is only one example but I could probably produce 10 for each clip prof. Wolff uploads on yt.
Tomato Pa Good to hear that. Why did you think democracy disappeared in communism? Prof. Wolff probably knows why. It disappeared because no sane person wanted to kill and robb the rich Kulaks so socialists had to hire the most psychotic members of society and give them power in order to achieve equality of outcome.
the flaw is that the modern-day pharaohs will lose their slaves and their stranglehold on political power. socialism is VERY "flawed" for them. they are quite comfortable with things the way they are and will move heaven and earth to maintain their hegemony
Tomato Pa companies are private institutions and it's illegal to install democracies in them unless you are a co-investor. They never meant to be democratic and never will be.
Thank you Prof. Wolff. Essential weekly viewing.
I know I am kinda randomly asking but do anyone know of a good site to watch newly released series online ?
@Royce Johnny i use flixzone. Just google for it =)
Its my 21st birthday!! Best birthday present to start the day!! WIll be making a donation today!
HAPPY BIRTHDAY
You are doing a f'n rad job Dr. Wolff! Stay strong Comrade!
I'm glad i found this program,
Huge fan of professor Wolff from Brazil
Thank you Professor Wolff.
Thank you for the update as usual Prof Wolff. Greetings from Madrid, Spain!
Poverty, the only thing money cannot buy.
You are the fresh air man - truth is fresh air
Still the best Intro Music for any show on youtube....
whenever i tell people what dr wolff has reiterated in this video, that capitalism is by design unstable and exploitative people just outright deny that statement. the willful ignorance of americans on how their economic system is designed and how it actually operates is scary and frustrating.
It's a religion at this point. Can complain about our bosses, jobs, lively hoods, but using the 'c-word' is too far. Capitalism is just the worship of money and a vessel to feed off the worst human behavior and suppress any good from the inside.
Nicole
:
Yes there has been a boat load of money invested to maintain the oligarchy and "Capitalism" to maintain it. Nancy MacLean, has a new book called “Democracy in Chains: It's a up to date explanation of why we are here. When I have a discussion like this with an uninformed citizen, I try to avoid labels and just talk about social policies with some emotional content. I'll ask things like. Do you think we should take care of the elderly? Veterans? The disabled?
Speaking of Publix I wen't to have a few subs made there and the employee must have been 70+ years old. I asked her why she was still in the work force. She told me she had to be in order to afford Christmas presents for her grandchildren and help with bills..
Stories like that make it hard to justify this American economic system.
Recessions are necessary to clear out dead wood and mal-investment. The work then transfers to more profitable business ventures and those thrive. The best time to make money is actually in recessions. It is the best time to buy a car. It is the best time to buy a house. It is the best time to buy stocks or start a business. Assets can be acquired for pennies on the dollar. People who are smart make big money in recessions. Only idiots and fools lose their shirts. The wise BUY low and SELL high. Fools do the opposite.
It's important to understand that criticism of capitalism is associated with advocacy for communism in mainstream consciousness. The real difficulty people have with honestly discussing the flaws of capitalism is fear of the concept of communism. You have to address this issue in some way first before you can get people to open up about the reality under the current economic system.
For decades Michael Parenti has written and spoken about the ways in which we have been conditioned to accept capitalism/imperialism and all that goes with that. If anyone is not familiar with his work I urge you to check it out. He is awesome! You won't regret it. Dr. Parenti and Dr. Wolff are both excellent. They have provided me with many pieces of the puzzle that have eluded me for most of my life. I never miss a chance to hear them speak.
Amazon... giving I quit bonuses instead of improving working conditions or increasing wages.
All those people should have quit to make a statement...
What happens when those low skilled employees can't find another job and they're forced to come back, but, they have to pay back the quiting bonus plus interest?
Who says they cant find another job? Lots of people quit Amazon to go work somewhere else. Lets flip it though, what happens when all Amazons workers quit and no one will work there anymore due to terrible working conditions and low pay? Well Amazon would have to improve things wouldnt they?
Come on now, most of those people who work there is because they're low skilled. Otherwise, they wouldn't be there in the first place. And if they all quit then Amazon would have no choice but to invest in robots - it would a lot cheaper than dealing with all the chaos and uncertainty.
This is flat out not true, a lot of people are going there in many areas as other parts of the economy laid people off. Calling workers low skilled was used as part of a propaganda campaign in order to get others to be ok with low wages and working conditions for others. Amazon can afford to pay their workers better and they can afford to improve working conditions however they do not do this. this has nothing to do with they wouldn't be profitable at all and more to do with they wouldn't be as profitable. This purely comes down to greed on the part of Amazon, if Inn n Out burger can afford to pay its workers what they pay their workers then Amazon can afford to pay its workers more.
@Duane Craig
I don't believe in unfettered capitalism, but, i certainly don't believe in full blown socialism, either. If you keep attacking Amazon they will no doubt resort to automation. Remember when 1,200 Amazon employee wanted to unionized? They end up getting fired. Amazon is ruthless.
This show is great. Now I can add it to my list of shows I watch on UA-cam like Redacted Tonight, The Jimmy Dore Show, etc.
Papa Wolff, keep it coming!
Maximum income? Absolutely. No one needs to be a billionaire or multi-millionaire. That’s more money than one could ever spend, AND it’s money made on the backs of workers.
A temporary staffing agency has a new marketing slogan, i.e. "The New Way to Work!" What? You mean the "old way to work" - which meant a living wage job to support yourself and your family in a decent home - is obsolete??
This is exactly what have happened on jobs... we will take any job for survival... for any amount of money... which will cause another Crash because the systemic problems are still there... and have not changed from the 2008 crash.
Annoying. I never get to see part 2. My computer only goes to patreon, inc which is about paid creative advertising. Why cannot Dr Wolff put a proper link under the video so that we can watch the concluding part easily?
Hi Robert, For all of Professor Wolff's pontificating about Capitalism, the Patron portion of the program is where he makes his money. But in my view, how are we supposed to believe that he can think independently while he is panhandling? Might he not shape his opinions to cater to a higher rolling clientele? Also, does he really believe in educating the public, if he is so willing to cut off those of us who are not paying customers. Really, I can guess that Professor Wolff is always washing his hands, because somehow they never feel quite clean enough.
Great Mr. Wolff.
Great content professor Wolff.
Fantastic! And the ending with the fashion Industry is supurb! Now all you need is a comedian to display the shirt and shoes and this show hit's number 1 ! LOLOLOLOLOL
there is a thing kind of like a shirt on a shirt, called a game pocket, on the back of the shirt. It's great for putting something like a windbreaker in when the cool morning warms or the warm day cools. but they don't look stupid enough, of course
Interesting thank you.
12% of a much larger population in 2016
Professor Wolff took note of the announcement that people in China now have a longer life expectancy than in the United States. The beginning of the decline in the conditions that contribute to this outcome occurred in the late 1970s. The organization Redefining Progress began to gather and analysis statistics on the lives of people in the United States. From this they developed the Genuine Progress Indicator.
Love it!
“A fashion new thing” awesome
I'd like to know why I am not seeing any comments i've made on this thread. Are there any thread rules I'm unaware of? Or Is UA-cam just being an authoritarian big brother and editing out certain comments?
Reality4Peace , as a regular reader/listener of Democracy at work and/or Richard Wolff , my comments are available for a few days, so I cannot figure out what is happening to your comments--
Keep trying, I love your signature... I was once a producer of a local cable TV show in Sacramento, California, it was called “Access Reality” and your “Reality4Peace” sounds like we may think alike.
Where are you located.? I live near Sacramento now.
My sincere support goes out to you,
Keep up the good work!!
Peggy
Thanks for your help,
Seriously. Only 52,000 people subscribe to this yet over 1.5 million subscribe to gun review sites I watch. I have watched Richard for years now. You and I mean YOU reading this need to subscribe. Its ridiculous that people have no interest in real things that matter. The ignorance of the common man never ceases to amaze me.
The truth is often disturbing, so most people prefer to live in illusions. Sad but true.
I wish Wolff's channel had 100 million subscribers, though.
A comment on the Poor People’s Campaign and the ivolvement of Martin Luther King, Jr. A few years ago I learned that a long time colleague of mine happened to have attended college with Coretta Scott King. Later, as a Congressional staffer he had the opportunity to talk with Martin Luther King, Jr. to share his views on how to deal with poverty in the United States. My colleague had developed his ideas by studying the works of Henry George early in his career as a journalist. Interesting to me is that in King’s final book he quotes Henry George. Was Martin Luther King, Jr. ready to join the list of people such as William Lloyd Garrison, Jr., Leo Tolstoy, Sun Yat-Sen, Louis Brandeis, Frederic Howe and John Dewey who saw Henry George’s proposals at the best solution to poverty?
3:50 Actually the Catholic church kept a low profile in the referendum, they had MASSIVE scandals in Ireland and were in no position to preach about the sanctity of life - even of born babies. The worst scandal was about the children of Tuam. Maternity home run by nuns between 1925 and 1961 for unmarried mothers. The children were taken away from the mothers often by force, sold into adoption to the U.S. - if they were lucky.
A mass "grave" found - the many, many children were not officially and properly buried. And survivors of these home came out too.
The scandal broke in the last ? 2 years, additionally to other stories of (sexual) abuse in homes, and exploitation of unmarried women as unpaid indentured workforce in such homes.
As to companies accused of causing disease, they have and did not want to pay regardless of whether or not their activities caused the disease. Before OSHA, there was a hazardous work condition at Ford Motor in Norfolk, VA. How was the matter solved? The union voted to give everybody a 5 cent per hour raise and rotate employees in and out of the job. This could treat the problem by reducing exposures to paint vapors to a low average.
I love your classes. Great information. Gracias. Is there any chance that it could be interpreted into Spanish? Even if only the Headlines.
I have a friend who became a Trumpist after being a Democrat her entire life. She totally buys into the "economy is doing great" mythology. She contends Trump is "doing so much for our country." I must add she is also totally dependent on her very small Social Security income. So, like many before her, she voted against her own best interests in electing Trump. We need more voices like yours, Prof. Wolff.
Talc is used primarily in industrial paint and coatings, wood lacquers, printing inks, fillers as well as in various coatings. ... The lamillar, hydrophobic and chemical inert structure of talc makes it to a perfect filler for the industry. Workers in making these products do not get mesothelioma! Inert!
LOL those fashion items !
there is no such thing as a shortage of jobs ..just a shortage of humans sharing the work!!...it must be made financially worthwhile to share the jobs we actually do NEED people to do and work LESS...this is how this crappy world could be changed dramatically for the better.
Re: 2008 Economic Crisis: Rather then laying off its workforce many of Germany's workforce was given the option of participating in a short time work program. They were able to stay at home for days or even weeks at a time and yet they received 80 to 90 percent of their wages thanks to subsidies paid by the Federal Employment Agency This was not only beneficial in keeping unemployment numbers down but also helped employers which had a well trained workforce at hand once the economy picked up again.
You should see how sad it is in Toronto.....work at COSTCO or Walmart or do construction. Then people (friends and relatives) try to con others. It seems that family and social structure is broken.
You can not have employees with equal say as management Richard that would lead to endless debate and nothing would get done.
U.S. employers are on a juggernaut to destroy jobs by automation, mechanization, computerization, internet-outsourcing and H1-B visa ins-sourcing - all of them and everywhere so that all earned money goes to the CEO's, principal stockholders and richest investors. Make that impending reality the starting point of all your thoughts.
A maximum income would be a disgrace,
our corp tax rate is 15% used to be 29% but harper cut 14% when he was in office.
He did it while oil was pimped up and our dollar was near par ,Then when oil started going to shit he was shown the door and jr got to hold the bag
I like Prof. Wolff, but Marjorie Steinam? Come on, where have you been for the last few months? It's Marjorie Stoneman.
Recessions, panics and depressions are made by design to enrich the already rich. - Senator Charles Lindbergh, Sr.
How can you possibly support Amazon and their employee practices? Do you know about the harsh working conditions? Please read up on Amazon and then see if you can still say anything positive about them
Four walls do not a prison make for we are all imprisoned within our minds, apparently Amazon understands this well. You got to hand it to Amazon what a mind fuck for motivation they pulled off.
Eat the rich
Kevin Smith Exactly!!!!! My favorite tee shirt as well as outlook.
Who is the economy working for, not me. I have worked 2 jobs in Hawaii just
To barely making for a few months I ate 1 meal a day. 43 years , fuck it
I quit my unstable job, took my pension
401k , sold my apartment in Waikiki.
Then I moved to Thailand and I was
Very lucky to get out
I wonder if the state of medical practice (Chinese medicine) have added anything to that number.
A Maximum income would be brilliant. Mainstream economists like to talk about money as merely a neutral means of exchange, ignoring that those with enough money can literally manipulate the society around us at the expense of those without the funds. So money is not just a form of neutral exchange, it's a form of social power. A democratic society ought to, at the very least, have a strictly enforced maximum income in order to prevent this or that individual or institution with sufficient funds from controlling the society.
Sounds like a bubble in fashion with the glove and double shirts,
USA has an obesity problem, and most Asian countries have always had a longer life expectancy than Europeans. Also, China has, not just a bad wealth gap as the poorest people in china make like $350/yr while the richest make about $150k. The USA it's ~$30K vs $173k. So.......explain.
Also, recesions and depressions are natural parts of a well functioning economy. It's like a large tree falling in the forest allowing smaller ones a chance to reach for the sun. Governments are what keep these big companies "too big to fail" preventing small businesses from growing and allowing big companies to take risks, and bully employees. If we just let these companies fail instead and stopped giving money to the big abusive companies there would be more give and take between company and employee and big business and little business.
The difference between 68.5 and 68.7 is about 70 days, a totally meaningless difference. Only a nut-job economist would find that significant.
Any economic system will fail. Why? Not a rhetorical question.
Except the unions are led by people who have similar political leanings to those going wild in the streets.
I mean iconoclasm and vandalism are terms that come straight from the French revolution... you'd never get away with saying that violence against the establishment's property was a big deal like people do over here lol. im amazed macron had the gall and ignorance to try
what about all that air pollution?
I can volunteer some time to interpret the Headlines at least.
The Black Block is controled opposition.
im not surprised that the life expectancy of china surpassed ours, we in the us live the rat race as much as anybody around the world, our food is genetically modified, our kids are raised by the school system, our health care is diminishing and the most expensive in the world, our economy is going to shit, and materialism has substituted family values and religion which believe it or not in times of hardship can provide some comfort, im surprised our life expectancy isn't low even amongst 3rd world countries.
Richard should really relax instead of being so angry all the time.
Capitalism is a good thing but it's being abused you need capitalism and socialism to work together.
guaranty jobs? = guaranty prostitution with out money we all are rich how about Time Banking everyone have got 24 hours to exchange . Free will cause friendships , compassion, cooperation, mutual care, love , ... everything that one can not buy for money and it is what we need to live
Socio and psychologically.. More like how things are manipulated imho
It's funny how prof. Wolff never tells his listeners the truth - Sweden, Norway and Denmark have very low corporate taxes - way lower than in the US. Sweden 22%, Norway 27, Denmark 24,5%, US 39,1% (average across all states).
Brian Ludwicki the effective tax rates are much lower. Check em out! The usa is shooting itself in the kneecap.
How much lower?
After accounting for all The loops and tax breaks the US corporate tax rate is 24%. Still higher or almost the same as in the comparisons I gave.
Tomato Pa That's correct but prof. Wolff blames capitalism instead of your government for that situation which is a lie. Companies pay taxes if required by law. If US government provides no laws it is solely its own fault. But maybe Bernie Sanders could fix that.
Everybody tries to influence the law if the politicians are corrupt and greedy. You think installing socialism suddenly changes the nature of people? The problem lies in the fact that Americans keep voting for the same devils for decades now. It's not the fault of capitalism - It is the fault of your government. Do you really think anything would change under socialism? If yes, could you tell me where are you going to take all the angels to rule your country?
From China, please don't glorify China, we know what it means to be Chinese, freedom of speech, forget it.
Thats not a very funny joke Webster. Shame on you. Freedom of speech in the US. Now thats a joke. Money has more rights than people
stop business govt.
CONSPICUOUS CONSUMPTION
At 11:30 Wolff says that the workers would be way more committed to the business if they owned the company, but under the current economic system there isn't anything stopping people from forming co-ops!
Because it's important to see the bullshit of balenciaga as to hear it, I linked the shirt he described. www.balenciaga.com/us/shirts_cod38757019tm.html
If Canadian companies come to the US, won't that create jobs in US?
Yes, Canadian capitalists will employ Americans in conditions too fucked up to be legal in Canada, and extract the profits, leaving you with mounting public debt. Welcome to neocolonialism.
Kanye said it best "new slaves"!
Workers tend to take pride in their work no matter what it specifically is. That pride will always be exploited by the employer to suppress wages. Oh, and brown people. I forgot they're responsible for lower wages.
The quality of health is not directly related to the difference between rich and poor but to the absolute standing in human development of the country.
for example poor in Australia is not the same as poor in Russia while poor in Russia is better of than Poor in sub Saharan Africa.
This idiot stepping on its own tingle to make non existing point.
Checout "abc antifa" heavy duty at youtube
Still waiting for the day where Prof. Wolff will have at least one word about the possible disadvantages of socialism. Never trust a seller who says his product has no flaws.
Brian Ludwicki he has criticism of All past and current models of socialism and breaks them down. Are you new to the channel?
mtvandamme i am watching him for a long time and never have I heard any criticism of socialism from him. Could you maybe give me some examples? Wolff mentions the instability of capitalism but he never talks about the instabilities of socialism which according to all historical data are exactly the same. This is only one example but I could probably produce 10 for each clip prof. Wolff uploads on yt.
Tomato Pa Good to hear that. Why did you think democracy disappeared in communism? Prof. Wolff probably knows why. It disappeared because no sane person wanted to kill and robb the rich Kulaks so socialists had to hire the most psychotic members of society and give them power in order to achieve equality of outcome.
the flaw is that the modern-day pharaohs will lose their slaves and their stranglehold on political power. socialism is VERY "flawed" for them. they are quite comfortable with things the way they are and will move heaven and earth to maintain their hegemony
Tomato Pa companies are private institutions and it's illegal to install democracies in them unless you are a co-investor. They never meant to be democratic and never will be.