I'm at 53 minutes of this video. I've seen hundreds of hours of wolf interviews and classroom lectures. This is one of the best interviews I like the F bomb too, I'd love to hear and see more of this style. Like a hard-core aggressive sharing of ideas in this way. Wolff, you are a fascinating guy and I'm grateful that you share this view with us
Yes, it's very good. It's always like hearing a great musician. He knows how to keep attention even when seemingly losing all structure for moments at least.
I have never heard Wolfe speak with such authenticity and frustration over what most people are enduring. The message is clear but actions speak louder than words. Let's hit the streets!
"I'm a far leftist that likes to be told all of society's problems are the result of the elites' economic system. The other side of the right wing populism coin in fact!"
I regularly watch Professor Wolff's show _Economic Update_ and have seen dozens of his interviews, lectures, and debates. He is always amazing in every possible way, but this was definitely one of his best interviews. Kudos to Robinson for asking the right questions and letting Professor Wolff answer them at length and in depth! Never heard of this podcast before, but I just subscribed and will definitely return for more! Cheers!
@@robinsonerhardt When it comes to thinking, Wolff lacks the framework which will bring realistic solutions. His "Democracy at work" is unsustainable idea, poorly thought through, because of the following fundamental analysis: 1 ) We are free to look at the society and aggregate all employees into one Employee and all owners into one Owner. Ownership is a claim, not effort. The Owner makes the claim, then the Employee enters to protect and grow what has been claimed as owned by the Owner. All efforts are done by the aggregated Employee, the aggregated Owner just owns, nothing else, no effort what-so-ever. In short, The aggregated Employee invents and makes the products then sells the products to itself and then pays a fee called Profit to an 'Owner' for the permission to own the same products the aggregated Employee itself made and sold to itself. Ownership is not effort, it is a political claim. 2) If the aggregated Owner does not make you poor then the market will, because, It is a mathematical law that Trade inevitably leads to extreme levels of wealth concentration. As a result of the above, The role of the government must be to take sufficient Wealth from the few winners and give it evenly to the vast amount of losers which the market/trade creates so that they can have at least a dignified existence. Expropriation and redistribution of Wealth by law is not expropriation, it is the law. The Law is the System. We need Laws that protect the humans more than the ownership of Wealth. ....if the Laws continue to Protect ownership of Wealth more than the humans then the cycles of violent adjustments in the distribution of wealth and Power among the citizens WILL continue i.e. increase in crime, protests, riots, rebellions, revolutions, wars, world wars, nukes, etc). Richard Wolff needs to give up on the fantasy of a sustainable democratic work-place in the presence of markets. The only solution to more humane society is sufficient UBI funded by re-distributing ownership of Wealth by Law.
Yeah, I can only imagine! Somehow you wrangled Zizek and Sean Carrol for the same episode? Zizek alone must be like trying to lasso a tornado!@@robinsonerhardt
@@robinsonerhardt Better praise is that you proved you were listening when you summarized his long statements. I've never seen your show so I don't know how you usually behave. I think Wolffe should have found out a few things about your show as well because he's addressing the audience as people who don't know anything. Not likely your audience.
So when did you last have a major brain injury? Because that is the only way i could find him interesting or anything else. He is retarded when it comes to economics even though he has a PHD in economics somehow, he is a contradiction. For example he argues that the companies are stealing value from the workers, while at the same time selling cups where he gets the major profit. So as i said he is retarded.
@@dangerzone007 Which element of macro-economics he does not understand? I do not see any humans in all existing teachings of macroeconomics, instead, the humans are some sort of secretion, produced by the households, from which labour is further extracted to be added as an ingredient into the mix that makes Profit for the Firms. None of the macro-economic theories ever see the humans as being Owners and Employees of the Firms. The Owners of the Firms like it that way.
impeccable and accurate description of global capitalist system. I would just like to add one more unfortunate downside: crisis of constant overproduction of totally unnecessary goods and above all weapons and justification of war
I don't necessarily think that it is overproduction. It is bad distribution. Instead of sending and selling the products to the people in need, at accessible prices, they keep the products on the shelves till they spoil or become obsolete
The crisis of overproduction was identified as a feature built into capitalism since its earliest days. Basically, too many commodities are produced than can be sold, as the low wages capital pays labor are insufficient to allow workers to consume at levels capital needs to stay profitable. During COVID-19, Amazon warehouses were destroying HUGE quantities of stock that wasn’t being sold fast enough for the company’s liking.
Richard is brilliant. Can listen to him for hours. On the bit about students who cant do math and something happened early in their lives.. My father beat me doing math during my holidays in the summer and i had terrible math teachers and science teachers all my life. i had the most incredible philologists and historians and linguists. i m a greek cypriot and at 16 i could read and write ancient classical greek like it was nothing but my bad math and science teachers drove me away and my dad punished me for it and that was it.. after uni i taught myself all that stuff through bryan greene and sean caroll and richard dawkins and many more and thats why i always say teachers are the moet important people on this planet. not everyone can be one or should be one. and not every teacher works for every student. i m baffled we still globally continue to fail to optimize the process of learning given our technology and understanding of psychology neuroscience sociology anthropology etc but at the same time am i really baffled? after all this is the eternal plataeau created by bureaucracy that governs everything in capitalism and its intentionally so by the powers that be to keep the public dumb.
If only the purpose of education we to actually educate people lol.... I did well in the system, but once I started to seek wisdom on my own, I quickly realized how much I had missed out on in traditional education. And I suspect it's gotten much worse since I graduates college 16 years ago... The focus on test scores is only one part of the problem, and the sad pay rates for teachers is another.
I would argue the failure of education is a design of current capitalism which is rather counter intuitive. I mean think about it from a grand scale. Investing in education ensures an educated population to advance the system of capitalism. But in practice, the capitalist never actually reaps the benefits of the investment, and the investor has to wait 2 decades to see if the gamble paid off. NO current day capitalist has that much patience for a deal to mature. At MOST, a capitalist will wait 5 years without some assurance to keep going. That doesn't even touch how sociopathic the ruling class is today.
I've been listening to Wolff for years and I'm pretty sure this is the first time I've ever heard him say fuck, so thanks for that and for a great interview where you let him just go to town on the nuance.
This is a really good interview. You give Prof Wolff the time to articulate his ideas and their contexts and ask very good clarifying questions and draw out important aspects of his positions. Great work, thank you.
it’s so awesome to see Professor Wolff be so candid and colorful with his language. it’s like hearing a conversation between friends. I wish more prominent voices on the left would give us to straighten arrow with this kind of talk. I do appreciate the polished messaging, but sometimes you just need to hear the truth in its purest form from a friendly voice.
I have been enthralled by Professor Wolff's economic lectures for ages without totally realizing he was Marxist. It all makes sense now! I especially enjoy his vehement way of speaking, every word, hell, every syllable, is like a novel. And you can tell his European roots, because he is in the tradition of the polymath - erudite, a mind that ranges widely and sees connections. "More degrees than a dog has fleas." He is a delight but he is also fierce. Long may he keep talking. This is a new channel to me, and just seeing that Robinson Erhardt listens with full attention to entire quarter hours of Professor Wolff talking, without once interrupting or appearing impatient, is an instant subscribe. Robinson, your cat scares me. It has huge ears. HUGE.
@@rotcivlovosin9414 It's not impossible. There's no limit to my ignorance. I haven't studied economics or even been interested in it until recently. I don't understand why you felt it necessary to tell the world how stupid or maybe false you believe me to be, but I hope it gave you the satisfaction or that little bit of superiority that got you through the day. I'm no one to judge.
BRAVO, BRAVO 👏 👏 Robinson Erhardt, & Professor Richard Wolff. 💯 Professor Wolff you always hit the ball over the park!!! Home run!!! With the deepest appreciation and respect to you and your wife, Dr. Fraad for your contributions to allow all who listen to your wisdom. Thank you, Richard, with your expertise of knowledge.
Every minute of this is terrific! Robinson, love how you really get your guests talking, just by sitting back and listening (& also petting your cat 🐈)
Robinson, I only recently found out about you from your conversations with Sean Carroll. I just wanted to let you know that I've come to really enjoy your podcast. You have a great selection of guests and ask good, engaging questions. I've subscribed on UA-cam and Google Podcasts (the two places I listen). I also adore the podcat. The one thing I would like to hear more about is your research and thoughts! I hope you consider doing a solo podcast at some point. (Perhaps you have and I've missed it - need to check out more of your backlog and Twitch streams.) Regards, Justin Physicist at NSLS-II (Brookhaven National Lab)
@@old-channel-2-b4m How about systematically regulating the abuses of the economic system (and filling in where it doesn't suffice like with the government paying families to have kids or buying every viable American roof a solar panel) that has produced the largest increases in lifespan, wealth across all classes, and personal freedom to not slave over menial work? There is no proof to be had here, this isn't mathematics. This is politics, not even economics. And people love hearing from people like Wolff that a particular system is to blame for all of society's problems instead of individuals or specific, individual weaknesses in the system. Nope, burn it all down is the Wolff's mantra. Why does he also simp for state capitalist Russia and China while dedicating himself to anti US-ism?
@@coreyleander7911 I don't recall asking for your opinion, but the only thing "hacky" going on is you coming in with the ad hominem attacks. Really going for the bottom of the debate pyramid, aren't you? Richard Wolff is a serious thinker. He's had affiliations with top schools such as Harvard, Yale, and Stanford and has an h-index of 34. You don't need to agree with him - I certainly don't - but we should expose ourselves to a wide variety of thoughts; it's how we grow. However, if you want to label everyone with whom you have issue as being extremists hacks, you're welcome to return to your own echo chamber and leave me out of it.
@@QuantumConcordia so you think Richard Wolff that goes on Kremlin editorially controlled propaganda outlet Russia Today (RT), after the war in Ukraine had started, to lie that the US had provoked Russia isn’t evil and a horrible human being who deserves to be shunned? You can easily find all his views online, and all he does is systematically lie. I try to reject evil when I see, not excuse it because he says passionate things about how bad capitalism is.
When arguing against the hegemonic ideology, keeping a straight face and a pleasant manner is what separates teachers from the rest. I find Wolff especially charismatic when it comes to that. Such people are doing a service to us all ✊
Richard Wolff should do a deep dive into my country of Jamaica when we flirted with democratic socialism in the 1970's. Our Prime Minister Michael Manley was an Oxford graduate and implemented pretty much all the things Dr Wolff wants and it destroyed our economy, would love for him to analyze the situation and give his critique.
If you properly read the comment you probably wouldn’t respond this way. Flirted is the key word. They flirted with it, and it made things worse and they switched to something else in 1970s. Burger King is a dumb example. China has Burger King.
1:14:25 Leonard Cohen, Everybody knows that the dice are loaded Everybody rolls with their fingers crossed Everybody knows that the war is over Everybody knows the good guys lost
For understanding the revolutionary implications of Marx's ideas (not just economic ideas, but also ideas on history, sociology and philosophy) please talk with Alan Woods!
@@robinsonerhardt Same. i stumbled across your pod today through your other RDW interview. You do an incredible job at letting people you may or may not agree with give their arguments without strawmanning them. Liked and subscribed.
I'm glad to see some economics added to the philosophy on this channel! Most importantly, a discussion that focuses on inequality and the lack of democracy that this system produces. I'm so sick of American politicians stating we're bringing freedom and democracy to other countries when really we're bringing war and staging coups.... And of course, these politicians are bought and paid for by capitalists. Where I differ from the professor is that i see socialism and communism as insufficient as well because both those systems are still based on consumption and growth. If we have any hope of sustaining our environment and therefore life on this planet, we must learn how to live with less impact. The world isn't just here for our taking. The animals aren't some gift from God for our enjoyment and entertainment. We would be wise to adopt more indigenous wisdom into our lifestyles and, in this modern age, to stop exploiting animals as food and commodities. Ethical veganism is the only way to achieve that... you should interview someone like Eisel Mazard of a-bas-le-ciel, or Earthling Ed. To ignore the philosophy of how we treat animals is as bad as ignoring how society discards lower-class humans. From any objective perspective, what we do to both human and non-human animals is atrocious
It is. Atrocious. The regular sight of the products of butchery can be desensitizing or sickening. Nevertheless I used to find butchers more pleasant and human than health food shop dealers. I've never reconciled this quandary. Now all I must survive on fish and potatoes. I believe one can live on potatoes alone but the potato blight put a blight on that idea so you need variation and alternatives. I've never heard of an indigenous lifestyle that did not involve hunting animals for food. And their skins and fibres for the making of clothing or fabrics. We are a long way from the Garden of Eden.
@jillfryer6699 I agree to some extent. I eat potatoes most days. I avoid fish because they also fit the criteria of having a brain and nervous system. There's lots of good veggies, but I'm also a fan of vegan junk food sometimes. When I say we should be adopting indigenous wisdom, I don't mean about the food they had because they needed animals to survive. We don't. We can take on the idea that we should be in harmony with the environment around us and look out seven generations to think of our impact. We could consider the waste we produce and minimize it as much as possible. Modern humans often see ourselves as at odds with nature, whereas indigenous people usually see themselves as collaborators with the land. I think in many cases, they are right! But there are also examples where the balance was lost and their population crashed, just like ours likely will... I hope we can avoid that!
@coreyleander7911 what lies? It's most definitely what happened in Ukraine. Victoria Nuland was caught on tape admitting as much. Then there's the rest of the American continent where we had our hands in a multitude of coups. That doesn't mean we haven't helped a few countries move ahead (not out of the goodness of our hearts, but because we had something to gain). To think as much would be a logical fallacy. You also have to ask who we're helping in these examples... is it the majority of people in the country, or a few of the elite? And just how well off are the people in Ukraine today? I bet they'd have been a whole lot better had we not used them as cannon fodder to "weaken Russia." What a perfect deal for the corporate military and imperialists!
@@MattAngiono pure evil stuff. Just lying some more, famously repeating the Russian propaganda about the Victoria Nuland call. Please look up the BBC transcript, or any transcript, of her call with Jeffery Pyatt. Her and Pyatt are quite literally discussing who the US government should support, if any, in any interim government after Yanukovych illegally fled office after signing a deal with the opposition. I'm surprised you haven't repeated the famous line you far leftists, far rightists, and pro Russians tell: "Nuland 'chose' the Ukrainian government." An egregious lie disproved by the transcript of course, but your guys' favorite. So why do you lie Nuland was on "tape admitting as much"? It's among the most evil lies you can tell about modern Ukrainian history. Explicitly seeking to delegitimize Ukrainians' Euromaidan as a US coup and thus attempting to justify Russian imperialism. And then you have the balls to lie further, in the most evil way, by pretending Ukrainians are American cannon fodder despite them begging the United States for weapons to defend themselves from rapists and murderous Russian invaders? You're a really evil person, especially when you imply Russia's invasion of Ukraine is a benefit to American imperialism. Why wouldn't Ukraine be worse off since Russia invaded it unprovoked starting in 2014?
Wolff is a national treasure. I'm sure he doesn't read these comment sections, but THANK YOU sir. You're doing important work and will be remembered as a great man.
@coreyleander7911 Quite obviously we sharply disagree on a lot of things with you. But still I should say that I disagree on a lot of things with Richard Wolff as well (though I have a feeling that it's not in the same way as you do.) But I still think that he is really really great at teaching elementary concepts. And no, I'm not interested in getting in a fight with you.
Amazing! Wolf touches on all topics that few can acknowledge, yet are absolutely true. The world fails because the majority cannot understand or embrace psychology - including Freud and Jung. I was once delusional! It took a lifetime to escape and be free of being Delusional. True 👍 story.
Would love one focusing on the philosophy of marx (&anyone else) with richard wolf. He is on political pofcasts alot but it was fun seeing him rant in a different context
It's awesome to see guests with different backgrounds, hope you interview David D Freedman in the future. Who is an advocate of Anarcho-capitalism and actually has a debate with Dr.Wolf. Keep up the amazing work ❤
It's always possible that a brilliant eccentric thinker or school of thought can enrich everyone's perspective and that goes for anarcho capitalism. But I hope the massive weight difference between that and what people like Wolff are proposing is always kept in mind. Anarcho capitalism contradicts buddhism, nationalism, socialism, democracy, libertarian leftism, keynesianism, social democracy, Islam, Christianity, HInduism, every tribal culture on earth, many forms of secular humanism, most forms of environmentalism, and enlightenment and post enlightenment political tradition of Smith, Mill, the american , and french foundings, etc. It has zero chance of political implementation in our world. Workplace democracy...a much better chance. It's like a guy trying to get the whole world to switch its staple foods to chicken and rice, vs. a guy trying to do likewise, but for twinkies. Tough sell for the first, no sale for the latter
😂 Anarcho Capitalism is such a joke of a term. First they stole the term "Libertarian" from the anarchists (Libertarian Socialists/Libertarian Communists, which is how it's still used in the rest of the world), and then they try to steal the term anarchist. What part don't they get about the fact that surplus value stolen from surplus labor inherently creates a social hierarchy of upper classes who live off profits stolen from others? The workers eventually pay themselves since the surplus they create with their labor goes back to variable capital to pay themselves, and the rest of the fruits of their labors are stolen as SV. Anarchism is against involuntary hierarchies not just the government. Capitalism is exploitation, and absolutely noone would do it if they had the option to reap the fruits of their own labor. What don't they get about surplus value creating an upper class that dominates society by dominating the workers they exploit? Anarchism is inherently anti capitalist because the inherent nature of M---C (MP/L)---C'---M' is exploitation.
Excellent interview. If you want to know what happened to America, listen to Billy Joel’s “Allentown.” My grandparents lived in Bethlehem and as a child I remember waking up to the sounds coming from the Bethlehem Steel plant at four in the morning. We need to get American back to work.
It's not about how many degrees you have that makes you employable, it's about what your degrees are in and what practical skills and value you can bring to production.
Incredible interview. So many insights and even proposed solutions. Thank you. Richard's enthusiasm is remarkable and honest. What a bright light in this dark century that we live in!
I'm really looking forward to this talk while 30min in. It seems really exciting to finally get an explanation of marxism, but is it coming in this video?
In Wolff's sense...ALL surplus value goes to the workers who create that surplus value, and the surplus is distributed through the community by those workers. Surplus Value is the connecting factor of economic exploration at the point of production. In capitalism, MOST of someones labor goes to surplus value that expands to profit for the bosses. (Profit requires at least double ones wage to be taken from the value they produce) In feudalism, a large part of ones surplus labor went to the lord for his (and his families) own use In slavery, the majority of what the slave produces is taken as surplus value. Surplus Value is a connection between the economic aspects in these forms of exploitation.
@luckythelemur8611 yeah....funny the slavery comment he made doesn't connect that the individualism movement that emerged from the reformation also became the justification for ending slavery.... Marxism...what a cult.
@@danieljprice9317 no it is not. It is not at all supported by evidence. Smith and Ricardo were wrong on this. Try actually learning economics past the 19th century and you would better educate yourself.
Professor Richard Wolff and Professor Noam Chomsky are my favorite thinkers and intellectuals. It would be great to get Richard Wolff to do a talk with Noam Chomsky on Libertarian-Socialism/Anarchism vs State Run Capitalism. I do love the idea of Democracy in the Workplace where every worker is an equal shareholder in the company in which they work. Imagine Amazon taking the billions the shareholders and CEO make extra and distributing that between the workforce, workers able to determine what benefits and paid time off/paternity leave they get.
@@ExPwner, you thought all marxists have to be communists. You didn't even know that Marxism in communism are two different things. Dude, your opinion isn't worth much. 😀
You should also interview professor Hans Georg-Moeller about his concept of modern profilicity (as opposed to authenticity). He's also very knowledgeable on Marx and the subsequent history of leftism and most importantly how it applies today
I don't know, the guy is a french fried po mo mystic. As a fan of Debord, I critiqued his reading of The Society of the Spectacle, expecting an interesting response and was shocked that he simply denied the possible existence of basic political categories like the people, the working class, democracy, freedom and so on. There is no true, real authentic popular will, popular culture, democracy, freedom, etc, so - it's all an illusion. I never would have guessed it, having seen several of his video essays, but turns out he is not a social critic but a critic of sociality.
@@emilianosintarias7337 name calling is the first sign of a weak argument... I get that you like Debord, but his analysis, being from decades ago, can't explain all that much about today. Yes, we are surrounded by spectacle, and that's an important insight, but it doesn't help that much with how to deal with it. It seems very pessimistic to me. Also, I don't think it's necessary to agree with someone about EVERYTHING, to agree that they have good ideas about some things. No one has ever figured out the mystery of this society nor life in general. We all just find our way through, making whatever small insights we can along the way. We may think someone sheds a particular light on something in society, but we rarely have any way of actually knowing how that would turn out if we could implement it. Just look how many times people tried with Marx and failed. Knowledge shouldn't be valued as much within a single person as it is within the collective, because that's where it really has value. That's actually why something like a market functions so well in the ways that it does (there are also many ways it doesn't of course). If we really want to live in a thriving democracy, we should be exposed to MORE ideas and perspectives, not less. If someone thinks there's an interesting idea to be heard, the last thing we need to do is try to dismiss that with character attacks. At least have a conversation...
@@robinsonerhardt where are the inroads within the system as it stands for educating the young with “conversations from the study” and also what is the feasibility of democratic cooperative shops competing in the market in such a manner that they are competitive? I’m not a smart person, this is the best way I can think of to express my curiosity. I am sure you could do better in a future conversation with professor Wolff. Thanks for asking.
@@marcusbenjilake Despite what they teach in all Economic schools, including the Marxists schools of thought, it is absolutely true that : 1) A market is battlefield on which, ultimately, there can be only one Winner who owns all the Wealth. 2) The market is an open access problem which, inevitably, results in the tragedy of the commons scenario followed by having one Winner who owns all the Wealth. Therefore, "Democracy at work" (and cooperatives) is a fantasy in the presence of Markets and if there is no mechanism for perpetual redistribution of sufficient ownership of Wealth from the few winners on the market to the many Losers.
@@robinsonerhardt Can you challenge R.W. about the rationality of "Democracy at Work". I claim, "Democracy at work" (and cooperatives) is a fantasy in the presence of Markets and if there is no mechanism for perpetual redistribution of sufficient ownership of Wealth from the few winners on the market to the many Losers. What Wolff has to say in his defence about that, when he opposes the real UBI?
What wrong with capitalism in the US is once you have become big and powerful, you are socialism. Handouts from government always go to them but never to the small and little people. Example, bailouts have never handed to small businesses.
Lucid/ “basic” explication of instability at the heart of capitalism. As a “utilitarian” individualist , rebelliously , unconsciously prostituted, hooked into the “middleman matrix”, this was a needed challenge. Lots to contemplate/feel uncomfortable about. At what “cost” perceived individualism and agency? Emperor has no clothes! Thanks Robinson and Pins Pod 🐈
The problem with utilitarianism is that it only looks at pleasure vs suffering. In other words, a gang of rapists who enjoy abusing an individual person can be justified because the level of pleasure outweighs the pain of the single person. This would obviously be immoral, but can be justified if you try to measure value through such simple means. In reality, there is no way to put numbers on subjective experience. We just don't know what it's actually like to experience things as another person. We can only use empathy and compassion to do our best
@@MattAngiono I was speaking ironically , and against my “better” more “ moral” self, about being “utilitarian”. In other words admitting to being , myself, manipulated /prostituted by the matrix of capitalism within which many of us , compromisingly and comfortably live. The unknown, and perhaps uncomfortable, may prevent us from considering alternatives., which may turn out to be more amenable to non binary grey areas and more inclusive of concepts like empathy etc . There was an element of nuance (I hope) , “self- chastisement “ and irony in my statement ….hence the use of “ “ .
@@bernardofitzpatrick5403 gotcha! Yeah, living within this system makes us all compromise our values to some extent, and not without minor rewards. So I get to enjoy some creature comforts, but am also constantly reminded of my impotence within capitalism as I go around town surrounded by its pillars. Cheers
Nothing is wrong with capitalism, it’s not just the greatest engine of prosperity the world has ever seen, it’s the only moral social system, the only one that leaves you free to achieve your values and profit from your effort.
I'm at 53 minutes of this video. I've seen hundreds of hours of wolf interviews and classroom lectures. This is one of the best interviews
I like the F bomb too, I'd love to hear and see more of this style. Like a hard-core aggressive sharing of ideas in this way. Wolff, you are a fascinating guy and I'm grateful that you share this view with us
Awesome! I'm so glad to hear this!
Yes, it's very good. It's always like hearing a great musician. He knows how to keep attention even when seemingly losing all structure for moments at least.
I have never heard Wolfe speak with such authenticity and frustration over what most people are enduring. The message is clear but actions speak louder than words. Let's hit the streets!
"I'm a far leftist that likes to be told all of society's problems are the result of the elites' economic system. The other side of the right wing populism coin in fact!"
@@SuzanneWheat "Let's hit the streets" truly delusional people you are.
Wolff is such a treasure. I follow any channel that has him on and I watch all his interviews
Richard Wolff doesn't understand macroeconomics
No mention of who funded and made Nazi Germany in to a superpower as they were flat broke in dept because of the pay backs from ww1.
@@dangerzone007 And here we have it that 1 guy who will die on the hill that capitalism is that perfect system that will outlive even universe itself
@@psh3384 who would that be
@dangerzone007 Tell us how trickle-down economics works. 😮
This was so good. Bring him back again please
!!!
Richard Wolff All Day!
Richard Wolff doesn't understand macroeconomics
Germany was used by these guys.. (proxy) ua-cam.com/video/AojiX7QFuxM/v-deo.html
No one can run at the mouth like the Wolf.
@@dangerzone007So who would you recommend?
@@antoineroccamora Randall Wray
I regularly watch Professor Wolff's show _Economic Update_ and have seen dozens of his interviews, lectures, and debates. He is always amazing in every possible way, but this was definitely one of his best interviews. Kudos to Robinson for asking the right questions and letting Professor Wolff answer them at length and in depth!
Never heard of this podcast before, but I just subscribed and will definitely return for more! Cheers!
Awesome! I'm so glad to hear this, and you expect more of Richard in the future.
practical thinker with deep insights and also humorous. a very satisfying session.
Awesome!
@@robinsonerhardt When it comes to thinking, Wolff lacks the framework which will bring realistic solutions. His "Democracy at work" is unsustainable idea, poorly thought through, because of the following fundamental analysis:
1 ) We are free to look at the society and aggregate all employees into one Employee and all owners into one Owner. Ownership is a claim, not effort. The Owner makes the claim, then the Employee enters to protect and grow what has been claimed as owned by the Owner. All efforts are done by the aggregated Employee, the aggregated Owner just owns, nothing else, no effort what-so-ever.
In short, The aggregated Employee invents and makes the products then sells the products to itself and then pays a fee called Profit to an 'Owner' for the permission to own the same products the aggregated Employee itself made and sold to itself.
Ownership is not effort, it is a political claim.
2) If the aggregated Owner does not make you poor then the market will, because, It is a mathematical law that Trade inevitably leads to extreme levels of wealth concentration.
As a result of the above, The role of the government must be to take sufficient Wealth from the few winners and give it evenly to the vast amount of losers which the market/trade creates so that they can have at least a dignified existence.
Expropriation and redistribution of Wealth by law is not expropriation, it is the law. The Law is the System. We need Laws that protect the humans more than the ownership of Wealth.
....if the Laws continue to Protect ownership of Wealth more than the humans then the cycles of violent adjustments in the distribution of wealth and Power among the citizens WILL continue i.e. increase in crime, protests, riots, rebellions, revolutions, wars, world wars, nukes, etc).
Richard Wolff needs to give up on the fantasy of a sustainable democratic work-place in the presence of markets. The only solution to more humane society is sufficient UBI funded by re-distributing ownership of Wealth by Law.
Prof Wolff is just PHENOMENAL, a force of nature to be reckoned with! One of a kind. Love him. ❤
Just wanted to give credit to Robinson: thank you for having such top-tier guests on here! Please keep up the great work.
Thanks so much! I don't think people realize it but scheduling guests is actually the most difficult part of all this...
Yeah, I can only imagine! Somehow you wrangled Zizek and Sean Carrol for the same episode? Zizek alone must be like trying to lasso a tornado!@@robinsonerhardt
@@robinsonerhardtI'm sure. Keep up the good work bro.
Imagine thinking Richard Wolfe is a good guest. Terrifying how popular these lies are
@@coreyleander7911 Is that you, Jordan Peterson? Shouldn't you be making whiny posts on the platform formerly known as Twitter?
Your ability to just be patient and let your guest speak, Bravo sir, bravo
hahahaha, thank you!
what would be the point of having someone come and not let them speak?
@@robinsonerhardt Better praise is that you proved you were listening when you summarized his long statements. I've never seen your show so I don't know how you usually behave. I think Wolffe should have found out a few things about your show as well because he's addressing the audience as people who don't know anything. Not likely your audience.
@@aicram62 I can see here the people who don't know anything.
It's always a joy to get to listen to Richard Wolff. I can never get enough of him. Thanks for this interview!
Our pleasure!
@@robinsonerhardt Wolff is more easy to listen to at 2x speed...a bit like Chomsky.
So when did you last have a major brain injury? Because that is the only way i could find him interesting or anything else.
He is retarded when it comes to economics even though he has a PHD in economics somehow, he is a contradiction.
For example he argues that the companies are stealing value from the workers, while at the same time selling cups where he gets the major profit. So as i said he is retarded.
Except that he doesn't understand macroeconomics
@@dangerzone007 Which element of macro-economics he does not understand? I do not see any humans in all existing teachings of macroeconomics, instead, the humans are some sort of secretion, produced by the households, from which labour is further extracted to be added as an ingredient into the mix that makes Profit for the Firms.
None of the macro-economic theories ever see the humans as being Owners and Employees of the Firms. The Owners of the Firms like it that way.
Very, very, very much needed conversation. Thank you for sharing this.
Richard Wolff's cadence is really fun to listen to whenever he's around
Yes!
Prof Wolff always a great guest on any show
!!!
impeccable and accurate description of global capitalist system. I would just like to add one more unfortunate downside: crisis of constant overproduction of totally unnecessary goods and above all weapons and justification of war
I don't necessarily think that it is overproduction. It is bad distribution. Instead of sending and selling the products to the people in need, at accessible prices, they keep the products on the shelves till they spoil or become obsolete
IT's called giving people what they want, as opposed to taking away freedom, as in communism.@@mp7161
The crisis of overproduction was identified as a feature built into capitalism since its earliest days. Basically, too many commodities are produced than can be sold, as the low wages capital pays labor are insufficient to allow workers to consume at levels capital needs to stay profitable. During COVID-19, Amazon warehouses were destroying HUGE quantities of stock that wasn’t being sold fast enough for the company’s liking.
No no, wages have risen steadily for many decades--centuries now, under capitalism--common knowledge of course among economists..@@danieljprice9317
“Ukraine2Win” “weapons production is bad”
Richard is brilliant. Can listen to him for hours. On the bit about students who cant do math and something happened early in their lives.. My father beat me doing math during my holidays in the summer and i had terrible math teachers and science teachers all my life. i had the most incredible philologists and historians and linguists. i m a greek cypriot and at 16 i could read and write ancient classical greek like it was nothing but my bad math and science teachers drove me away and my dad punished me for it and that was it..
after uni i taught myself all that stuff through bryan greene and sean caroll and richard dawkins and many more and thats why i always say teachers are the moet important people on this planet. not everyone can be one or should be one. and not every teacher works for every student. i m baffled we still globally continue to fail to optimize the process of learning given our technology and understanding of psychology neuroscience sociology anthropology etc but at the same time am i really baffled? after all this is the eternal plataeau created by bureaucracy that governs everything in capitalism and its intentionally so by the powers that be to keep the public dumb.
If only the purpose of education we to actually educate people lol....
I did well in the system, but once I started to seek wisdom on my own, I quickly realized how much I had missed out on in traditional education. And I suspect it's gotten much worse since I graduates college 16 years ago...
The focus on test scores is only one part of the problem, and the sad pay rates for teachers is another.
I would argue the failure of education is a design of current capitalism which is rather counter intuitive. I mean think about it from a grand scale. Investing in education ensures an educated population to advance the system of capitalism. But in practice, the capitalist never actually reaps the benefits of the investment, and the investor has to wait 2 decades to see if the gamble paid off. NO current day capitalist has that much patience for a deal to mature. At MOST, a capitalist will wait 5 years without some assurance to keep going. That doesn't even touch how sociopathic the ruling class is today.
I've been listening to Wolff for years and I'm pretty sure this is the first time I've ever heard him say fuck, so thanks for that and for a great interview where you let him just go to town on the nuance.
so glad you found it haha
This is a really good interview. You give Prof Wolff the time to articulate his ideas and their contexts and ask very good clarifying questions and draw out important aspects of his positions. Great work, thank you.
Thanks!!!
it’s so awesome to see Professor Wolff be so candid and colorful with his language. it’s like hearing a conversation between friends. I wish more prominent voices on the left would give us to straighten arrow with this kind of talk. I do appreciate the polished messaging, but sometimes you just need to hear the truth in its purest form from a friendly voice.
I have been enthralled by Professor Wolff's economic lectures for ages without totally realizing he was Marxist. It all makes sense now! I especially enjoy his vehement way of speaking, every word, hell, every syllable, is like a novel. And you can tell his European roots, because he is in the tradition of the polymath - erudite, a mind that ranges widely and sees connections. "More degrees than a dog has fleas." He is a delight but he is also fierce. Long may he keep talking. This is a new channel to me, and just seeing that Robinson Erhardt listens with full attention to entire quarter hours of Professor Wolff talking, without once interrupting or appearing impatient, is an instant subscribe. Robinson, your cat scares me. It has huge ears. HUGE.
@@rotcivlovosin9414 It's not impossible. There's no limit to my ignorance. I haven't studied economics or even been interested in it until recently. I don't understand why you felt it necessary to tell the world how stupid or maybe false you believe me to be, but I hope it gave you the satisfaction or that little bit of superiority that got you through the day. I'm no one to judge.
It’s incredible how much you’re simping for this liar. So terrifying tbh
Thakyou. What a privilege to be able to listen to this lecture uninterupted!
BRAVO, BRAVO 👏 👏
Robinson Erhardt, & Professor Richard Wolff.
💯
Professor Wolff you always hit the ball over the park!!!
Home run!!!
With the deepest appreciation and respect to you and your wife, Dr. Fraad for your contributions to allow all who listen to your wisdom.
Thank you, Richard, with your expertise of knowledge.
Thank you!!
Every minute of this is terrific!
Robinson, love how you really get your guests talking, just by sitting back and listening (& also petting your cat 🐈)
Thanks!
I have watched dozens, maybe hundreds of Wolff videos and this is one of my favorites. Thank you!
Wow, thank you!
Thanks Dr. Wolfe.😊
Would like another one with Prof. Wolff! Was fun to watch.
Stay tuned :)
@@robinsonerhardt would be nice to hit him with questions he doesn't usually get hit with
@@emilianosintarias7337yes ive seen every Wolff video and want some new, tougher questions for him. Mostly so I can learn more myself lol
Richard Wolff doesn't understand macroeconomics
@@dangerzone007 Why post this kind of comment? since no reasons, examples, or arguments are given it's the same as no comment at all.
I've waited years to learn the back story of Richard Wolf.❤ Thanks, you've got a new subscriber. I wish you great success 🙌
Awesome! Thank you!
Robinson, I only recently found out about you from your conversations with Sean Carroll. I just wanted to let you know that I've come to really enjoy your podcast. You have a great selection of guests and ask good, engaging questions. I've subscribed on UA-cam and Google Podcasts (the two places I listen). I also adore the podcat. The one thing I would like to hear more about is your research and thoughts! I hope you consider doing a solo podcast at some point. (Perhaps you have and I've missed it - need to check out more of your backlog and Twitch streams.)
Regards,
Justin
Physicist at NSLS-II (Brookhaven National Lab)
Hi Justin! That's so nice of you to say! I'm sure I will do some solo podcasts at some point...it's all part of the master plan :)
“Physicist at BNL” how sad and disappointing you find far left and far right hacks to be a good podcast guests. Scary stuff really
@@old-channel-2-b4m How about systematically regulating the abuses of the economic system (and filling in where it doesn't suffice like with the government paying families to have kids or buying every viable American roof a solar panel) that has produced the largest increases in lifespan, wealth across all classes, and personal freedom to not slave over menial work?
There is no proof to be had here, this isn't mathematics. This is politics, not even economics. And people love hearing from people like Wolff that a particular system is to blame for all of society's problems instead of individuals or specific, individual weaknesses in the system. Nope, burn it all down is the Wolff's mantra. Why does he also simp for state capitalist Russia and China while dedicating himself to anti US-ism?
@@coreyleander7911 I don't recall asking for your opinion, but the only thing "hacky" going on is you coming in with the ad hominem attacks. Really going for the bottom of the debate pyramid, aren't you? Richard Wolff is a serious thinker. He's had affiliations with top schools such as Harvard, Yale, and Stanford and has an h-index of 34. You don't need to agree with him - I certainly don't - but we should expose ourselves to a wide variety of thoughts; it's how we grow. However, if you want to label everyone with whom you have issue as being extremists hacks, you're welcome to return to your own echo chamber and leave me out of it.
@@QuantumConcordia so you think Richard Wolff that goes on Kremlin editorially controlled propaganda outlet Russia Today (RT), after the war in Ukraine had started, to lie that the US had provoked Russia isn’t evil and a horrible human being who deserves to be shunned?
You can easily find all his views online, and all he does is systematically lie. I try to reject evil when I see, not excuse it because he says passionate things about how bad capitalism is.
I really liked this conversation, thank you (:
I'm so glad!
Perhaps the best teaching an interviewer got out of the Prof!Thank You!! 🙏🏽
Thanks Rich Wolff!!
You are an amazing economis.
It's always a pleasure to listen to Dr Wolff
Richard Wolff is a rock star!
What a joy to listen Dr Richard Wolff’s interviews and lectures!
i love it when proff wolff swears
When arguing against the hegemonic ideology, keeping a straight face and a pleasant manner is what separates teachers from the rest. I find Wolff especially charismatic when it comes to that. Such people are doing a service to us all ✊
“hegemonic ideology”
Richard Wolff should do a deep dive into my country of Jamaica when we flirted with democratic socialism in the 1970's.
Our Prime Minister Michael Manley was an Oxford graduate and implemented pretty much all the things Dr Wolff wants and it destroyed our economy, would love for him to analyze the situation and give his critique.
Mmm Jamaica is capitalist my friend. I saw plenty of Burger Kings - not worker ones in Montego Bay
Worker - owned **
If you properly read the comment you probably wouldn’t respond this way. Flirted is the key word. They flirted with it, and it made things worse and they switched to something else in 1970s. Burger King is a dumb example. China has Burger King.
Listened to the whole thing and at the end wanted more! Great show!
1:14:25 Leonard Cohen,
Everybody knows that the dice are loaded
Everybody rolls with their fingers crossed
Everybody knows that the war is over
Everybody knows the good guys lost
For understanding the revolutionary implications of Marx's ideas (not just economic ideas, but also ideas on history, sociology and philosophy) please talk with Alan Woods!
This is a great podcast and you are a great podcaster. The cat is amazing too. I appreciate it. Thank you.
Wow, thank you!
I just watch the show for the cat. The cat's the real star
@@robinsonerhardt Same. i stumbled across your pod today through your other RDW interview. You do an incredible job at letting people you may or may not agree with give their arguments without strawmanning them. Liked and subscribed.
I have learned so much from this video
Awesome!!
First time watching a channel with three of my favorites - R. Wolff, a cute cat & a cat person.
I'm glad to see some economics added to the philosophy on this channel!
Most importantly, a discussion that focuses on inequality and the lack of democracy that this system produces.
I'm so sick of American politicians stating we're bringing freedom and democracy to other countries when really we're bringing war and staging coups....
And of course, these politicians are bought and paid for by capitalists.
Where I differ from the professor is that i see socialism and communism as insufficient as well because both those systems are still based on consumption and growth.
If we have any hope of sustaining our environment and therefore life on this planet, we must learn how to live with less impact.
The world isn't just here for our taking.
The animals aren't some gift from God for our enjoyment and entertainment.
We would be wise to adopt more indigenous wisdom into our lifestyles and, in this modern age, to stop exploiting animals as food and commodities.
Ethical veganism is the only way to achieve that... you should interview someone like Eisel Mazard of a-bas-le-ciel, or Earthling Ed.
To ignore the philosophy of how we treat animals is as bad as ignoring how society discards lower-class humans.
From any objective perspective, what we do to both human and non-human animals is atrocious
It is. Atrocious. The regular sight of the products of butchery can be desensitizing or sickening. Nevertheless I used to find butchers more pleasant and human than health food shop dealers. I've never reconciled this quandary. Now all I must survive on fish and potatoes. I believe one can live on potatoes alone but the potato blight put a blight on that idea so you need variation and alternatives. I've never heard of an indigenous lifestyle that did not involve hunting animals for food. And their skins and fibres for the making of clothing or fabrics. We are a long way from the Garden of Eden.
@jillfryer6699 I agree to some extent. I eat potatoes most days.
I avoid fish because they also fit the criteria of having a brain and nervous system.
There's lots of good veggies, but I'm also a fan of vegan junk food sometimes.
When I say we should be adopting indigenous wisdom, I don't mean about the food they had because they needed animals to survive.
We don't.
We can take on the idea that we should be in harmony with the environment around us and look out seven generations to think of our impact.
We could consider the waste we produce and minimize it as much as possible.
Modern humans often see ourselves as at odds with nature, whereas indigenous people usually see themselves as collaborators with the land.
I think in many cases, they are right!
But there are also examples where the balance was lost and their population crashed, just like ours likely will...
I hope we can avoid that!
Talk to Ukraine. Or Kosovo, or Germany, or South Korea. Or are one of those that lies the US conducted a coup there in 2014?
@coreyleander7911 what lies?
It's most definitely what happened in Ukraine.
Victoria Nuland was caught on tape admitting as much.
Then there's the rest of the American continent where we had our hands in a multitude of coups.
That doesn't mean we haven't helped a few countries move ahead (not out of the goodness of our hearts, but because we had something to gain).
To think as much would be a logical fallacy.
You also have to ask who we're helping in these examples... is it the majority of people in the country, or a few of the elite?
And just how well off are the people in Ukraine today?
I bet they'd have been a whole lot better had we not used them as cannon fodder to "weaken Russia."
What a perfect deal for the corporate military and imperialists!
@@MattAngiono pure evil stuff. Just lying some more, famously repeating the Russian propaganda about the Victoria Nuland call. Please look up the BBC transcript, or any transcript, of her call with Jeffery Pyatt. Her and Pyatt are quite literally discussing who the US government should support, if any, in any interim government after Yanukovych illegally fled office after signing a deal with the opposition.
I'm surprised you haven't repeated the famous line you far leftists, far rightists, and pro Russians tell: "Nuland 'chose' the Ukrainian government." An egregious lie disproved by the transcript of course, but your guys' favorite.
So why do you lie Nuland was on "tape admitting as much"? It's among the most evil lies you can tell about modern Ukrainian history. Explicitly seeking to delegitimize Ukrainians' Euromaidan as a US coup and thus attempting to justify Russian imperialism.
And then you have the balls to lie further, in the most evil way, by pretending Ukrainians are American cannon fodder despite them begging the United States for weapons to defend themselves from rapists and murderous Russian invaders? You're a really evil person, especially when you imply Russia's invasion of Ukraine is a benefit to American imperialism. Why wouldn't Ukraine be worse off since Russia invaded it unprovoked starting in 2014?
Wolff is a national treasure. I'm sure he doesn't read these comment sections, but THANK YOU sir. You're doing important work and will be remembered as a great man.
It’s sad you think so tbh.
@@coreyleander7911 Are you the guy from the video?
Richard Wolff is a teacher one thinks they can only dream of. Thanks!
??? He literally lies about everything he speaks about, in a systematic fashion
@coreyleander7911 Quite obviously we sharply disagree on a lot of things with you. But still I should say that I disagree on a lot of things with Richard Wolff as well (though I have a feeling that it's not in the same way as you do.) But I still think that he is really really great at teaching elementary concepts. And no, I'm not interested in getting in a fight with you.
Amazing! Wolf touches on all topics that few can acknowledge, yet are absolutely true. The world fails because the majority cannot understand or embrace psychology - including Freud and Jung. I was once delusional! It took a lifetime to escape and be free of being Delusional. True 👍 story.
Prof is at it again.good Job
Richard Wolff is always a pleasure to listen to, especially in interview formats such as this where he is less scripted.
More coming :)
I love it when his landline rings, adds to the atmosphere ❤
An admirer of Professor Richard Wolff. He has the answer to a lot of the world’s problems.
Terry Eagleton (Christian Marxist Rare Combo) or David Harvey would make great guests, please!
2nd David Harvey
Both on my list!
Yes, please! Both are brilliant. I think you'd especially have fun talking with Eagleton.
Love Wolff, thank you for making this available
No problem!
We need a million prof Wolffs 💪🔥
Awesome guest.
Thank you Erhardt.
Sure!
Would love one focusing on the philosophy of marx (&anyone else) with richard wolf. He is on political pofcasts alot but it was fun seeing him rant in a different context
Good idea!
I’m so glad you asked Dr Wolff about Freud ❤
me too :)
Professor Wolff is the best thank you for the show !
Our pleasure!
It's awesome to see guests with different backgrounds, hope you interview David D Freedman in the future. Who is an advocate of Anarcho-capitalism and actually has a debate with Dr.Wolf.
Keep up the amazing work ❤
Added to my list!
It's always possible that a brilliant eccentric thinker or school of thought can enrich everyone's perspective and that goes for anarcho capitalism. But I hope the massive weight difference between that and what people like Wolff are proposing is always kept in mind. Anarcho capitalism contradicts buddhism, nationalism, socialism, democracy, libertarian leftism, keynesianism, social democracy, Islam, Christianity, HInduism, every tribal culture on earth, many forms of secular humanism, most forms of environmentalism, and enlightenment and post enlightenment political tradition of Smith, Mill, the american , and french foundings, etc. It has zero chance of political implementation in our world. Workplace democracy...a much better chance. It's like a guy trying to get the whole world to switch its staple foods to chicken and rice, vs. a guy trying to do likewise, but for twinkies. Tough sell for the first, no sale for the latter
😂 Anarcho Capitalism is such a joke of a term. First they stole the term "Libertarian" from the anarchists (Libertarian Socialists/Libertarian Communists, which is how it's still used in the rest of the world), and then they try to steal the term anarchist.
What part don't they get about the fact that surplus value stolen from surplus labor inherently creates a social hierarchy of upper classes who live off profits stolen from others? The workers eventually pay themselves since the surplus they create with their labor goes back to variable capital to pay themselves, and the rest of the fruits of their labors are stolen as SV.
Anarchism is against involuntary hierarchies not just the government. Capitalism is exploitation, and absolutely noone would do it if they had the option to reap the fruits of their own labor.
What don't they get about surplus value creating an upper class that dominates society by dominating the workers they exploit?
Anarchism is inherently anti capitalist because the inherent nature of M---C (MP/L)---C'---M' is exploitation.
Wow! Thanks Richard for kicking ass in this podcast!!!
Probably the single greatest all around UA-cam video I have ever seen. Wolff unpacking the toxic inequity of contemporary culture is staggering.
Wow! What an awesome compliment (all thanks to Richard, of course!)
Far leftist found
Thank you Richard Wolff! 💪
Excellent interview. If you want to know what happened to America, listen to Billy Joel’s “Allentown.” My grandparents lived in Bethlehem and as a child I remember waking up to the sounds coming from the Bethlehem Steel plant at four in the morning. We need to get American back to work.
Really great. Makes a lot of sense.
Awesome.
Nice straight talk, good job
thanks!
This was fascinating. I followed it. Well I am in that picture that you mentioned later on thank you I appreciate this 💥
Great interview.
Thanks!
prof Wolff is one of the brightest people I've ever listened to
I'm glad you found this!
Great one! I would like to see Roberto Mangabeira Unger or Cornel West! much love from Brazil!
Great suggestion!
Cornel West?
Prof Wolff guarantees quality and quantity. You just unleash him on the audience and watch them be educated and entertained.
Outstanding podcast😊
Thanks so much!
Wolff is so essential, not to mention a delight.
He is a lying fool.
wtf
Thanks for your insightful videos. I love the Huichol yarn painting on the wall behind you!
Thank you!
It's pretty spicy to hear Richard curse 😂 Great, important discussion~ ❤
so spicy
It's not about how many degrees you have that makes you employable, it's about what your degrees are in and what practical skills and value you can bring to production.
Yeah, so?
Professor Wolff is delightful, "...being an academic is a kind of prostitution..."
Incredible interview. So many insights and even proposed solutions. Thank you. Richard's enthusiasm is remarkable and honest. What a bright light in this dark century that we live in!
I'm really looking forward to this talk while 30min in. It seems really exciting to finally get an explanation of marxism, but is it coming in this video?
In Wolff's sense...ALL surplus value goes to the workers who create that surplus value, and the surplus is distributed through the community by those workers.
Surplus Value is the connecting factor of economic exploration at the point of production.
In capitalism, MOST of someones labor goes to surplus value that expands to profit for the bosses. (Profit requires at least double ones wage to be taken from the value they produce)
In feudalism, a large part of ones surplus labor went to the lord for his (and his families) own use
In slavery, the majority of what the slave produces is taken as surplus value.
Surplus Value is a connection between the economic aspects in these forms of exploitation.
@@whatabouttheearththere is no such thing as surplus labor value. Labor theory of value is wrong.
@luckythelemur8611 yeah....funny the slavery comment he made doesn't connect that the individualism movement that emerged from the reformation also became the justification for ending slavery....
Marxism...what a cult.
LTV is observable in all political-economic activity. Adam Smith and David Ricardo disagree with you.
@@danieljprice9317 no it is not. It is not at all supported by evidence. Smith and Ricardo were wrong on this. Try actually learning economics past the 19th century and you would better educate yourself.
I’m a new listener to dr wolf just found him today actually and what a revelation to me bout to do my deep dive
Richard is Marvelous!
What an amazing guy..
Thank you for the education great education you have taught
Professor Richard Wolff and Professor Noam Chomsky are my favorite thinkers and intellectuals.
It would be great to get Richard Wolff to do a talk with Noam Chomsky on Libertarian-Socialism/Anarchism vs State Run Capitalism.
I do love the idea of Democracy in the Workplace where every worker is an equal shareholder in the company in which they work.
Imagine Amazon taking the billions the shareholders and CEO make extra and distributing that between the workforce, workers able to determine what benefits and paid time off/paternity leave they get.
They are both batshit insane socialist liars
@@ExPwner, you thought all marxists have to be communists. You didn't even know that Marxism in communism are two different things. Dude, your opinion isn't worth much. 😀
@@michaelmappin1830actually you contradicted yourself and showed that they are. You’re such a moron 🤣
You should also interview professor Hans Georg-Moeller about his concept of modern profilicity (as opposed to authenticity).
He's also very knowledgeable on Marx and the subsequent history of leftism and most importantly how it applies today
I don't know, the guy is a french fried po mo mystic. As a fan of Debord, I critiqued his reading of The Society of the Spectacle, expecting an interesting response and was shocked that he simply denied the possible existence of basic political categories like the people, the working class, democracy, freedom and so on. There is no true, real authentic popular will, popular culture, democracy, freedom, etc, so - it's all an illusion. I never would have guessed it, having seen several of his video essays, but turns out he is not a social critic but a critic of sociality.
@@emilianosintarias7337 name calling is the first sign of a weak argument...
I get that you like Debord, but his analysis, being from decades ago, can't explain all that much about today.
Yes, we are surrounded by spectacle, and that's an important insight, but it doesn't help that much with how to deal with it.
It seems very pessimistic to me.
Also, I don't think it's necessary to agree with someone about EVERYTHING, to agree that they have good ideas about some things.
No one has ever figured out the mystery of this society nor life in general.
We all just find our way through, making whatever small insights we can along the way.
We may think someone sheds a particular light on something in society, but we rarely have any way of actually knowing how that would turn out if we could implement it.
Just look how many times people tried with Marx and failed.
Knowledge shouldn't be valued as much within a single person as it is within the collective, because that's where it really has value.
That's actually why something like a market functions so well in the ways that it does (there are also many ways it doesn't of course).
If we really want to live in a thriving democracy, we should be exposed to MORE ideas and perspectives, not less.
If someone thinks there's an interesting idea to be heard, the last thing we need to do is try to dismiss that with character attacks.
At least have a conversation...
Insane how this podcast episode has attracted all the far leftists to the comment section. Really scary tbh how many people believe these lies
Professor Wolff is music to the ears. Great interview, thanks.
Glad you enjoyed it!
Good stuff. More please.
More to come! But what do you want?
@@robinsonerhardt where are the inroads within the system as it stands for educating the young with “conversations from the study” and also what is the feasibility of democratic cooperative shops competing in the market in such a manner that they are competitive? I’m not a smart person, this is the best way I can think of to express my curiosity. I am sure you could do better in a future conversation with professor Wolff. Thanks for asking.
@@robinsonerhardt How about the most popular marxist bad guy in the US, Chris Cuttrone.
@@marcusbenjilake Despite what they teach in all Economic schools, including the Marxists schools of thought, it is absolutely true that :
1) A market is battlefield on which, ultimately, there can be only one Winner who owns all the Wealth.
2) The market is an open access problem which, inevitably, results in the tragedy of the commons scenario followed by having one Winner who owns all the Wealth.
Therefore, "Democracy at work" (and cooperatives) is a fantasy in the presence of Markets and if there is no mechanism for perpetual redistribution of sufficient ownership of Wealth from the few winners on the market to the many Losers.
@@robinsonerhardt Can you challenge R.W. about the rationality of "Democracy at Work".
I claim, "Democracy at work" (and cooperatives) is a fantasy in the presence of Markets and if there is no mechanism for perpetual redistribution of sufficient ownership of Wealth from the few winners on the market to the many Losers. What Wolff has to say in his defence about that, when he opposes the real UBI?
The song is by Leonard Cohen 1:14:23 .
After your previous guests you missed a chance here to ask Rick about the influence postmodernism has had in his thought.
Thank you professor Wolff.
Seems very accurate to me. Great guest and video!
Glad you enjoyed it!
Great video 👍🏼
Thanks 👍
R.W. You are the best thanks
Excellent talk. So how do we transition away from capitalism?
What wrong with capitalism in the US is once you have become big and powerful, you are socialism. Handouts from government always go to them but never to the small and little people. Example, bailouts have never handed to small businesses.
"*OUR* capitalist system" (Soviet national anthem starts playing)
Thoroughly enjoyed
I'm really, really glad to hear that
Lucid/ “basic” explication of instability at the heart of capitalism. As a “utilitarian” individualist , rebelliously , unconsciously prostituted, hooked into the “middleman matrix”, this was a needed challenge. Lots to contemplate/feel uncomfortable about. At what “cost” perceived individualism and agency? Emperor has no clothes! Thanks Robinson and Pins Pod 🐈
The problem with utilitarianism is that it only looks at pleasure vs suffering.
In other words, a gang of rapists who enjoy abusing an individual person can be justified because the level of pleasure outweighs the pain of the single person.
This would obviously be immoral, but can be justified if you try to measure value through such simple means.
In reality, there is no way to put numbers on subjective experience.
We just don't know what it's actually like to experience things as another person.
We can only use empathy and compassion to do our best
Thank YOU Bernardo!
@@MattAngiono I was speaking ironically , and against my “better” more “ moral” self, about being “utilitarian”. In other words admitting to being , myself, manipulated /prostituted by the matrix of capitalism within which many of us , compromisingly and comfortably live. The unknown, and perhaps uncomfortable, may prevent us from considering alternatives., which may turn out to be more amenable to non binary grey areas and more inclusive of concepts like empathy etc . There was an element of nuance (I hope) , “self- chastisement “ and irony in my statement ….hence the use of “ “ .
@@bernardofitzpatrick5403 gotcha!
Yeah, living within this system makes us all compromise our values to some extent, and not without minor rewards.
So I get to enjoy some creature comforts, but am also constantly reminded of my impotence within capitalism as I go around town surrounded by its pillars.
Cheers
@@MattAngiono nicely stated 👍😁
Yeah Wolfe!
I'm sure Wolfe doesn't do coke but I would so enjoy 24 hours at a kitchen table talking with him sharing a bottomless bag of HQ powder.
The problem with capitalism is the limited liability permitted all corporate entities.
I agree with this and actually many capitalist thinkers do too, which is why they don’t want such state fictions to exist.
Also the rent seeking.
Nothing is wrong with capitalism, it’s not just the greatest engine of prosperity the world has ever seen, it’s the only moral social system, the only one that leaves you free to achieve your values and profit from your effort.
Hah until you actually try and get shutdown by the oligopoly machine