Richard Wolff on the decline of the US empire and the denial of the US
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- Опубліковано 26 вер 2024
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Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst, and a Visiting Professor in the Graduate Program in International Affairs of the New School University, NYC. He is the founder of Democracy at Work and host of their nationally syndicated show Economic Update. His latest book is The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself, which can be found along with his other books Understanding Socialism and Understanding Marxism at www.democracyatwork.info.
The Community Church of Boston: A Peace and Justice Congregation Since 1920
www.communitychurchofboston.org
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My husband and I married 1969 with college degrees, and we entered the work force 1970, - just in time to notice the decline in salaries. Sadly, the Boomers in the 1970's and 1980's didn't have the internet to gain knowledge from, so we suffered in silence, thinking that we were to blame for small wage increases and layoffs. We couldn't understand why we were not achieving the growth our parents didThe internet has made people like you available and now it's easier to understand the bigger picture.
'Entered the work force' 😀That sounds so dramatic 😀
It is not only an economic decline, but in all segments of society. As the richest country in the world you have a very bad life. Go out into the world and learn from the best.
yeah really if you expect to get "taken care of" by the government you will not be disappointed. This Community Church of Boston is a crypto collectivist posing as a decent organization . it is a bolshi front seeking to enslave the naive. Like Barney says "use your imagination".😅
My experience exactly 💯 🙌
Precisely
I nearly died crying for my mum who had paid in the tax system for over 40 years, now every time she collects her pension, and paired with over 20 % tax on it, I ask why? you paid tax on your earning, you know pay tax on your pension, what is going on?. The system is broken or corrupted, it is obvious to everyone.
What country has a pension tax? Hasn't the tax already been paid on the salary?
The system is a rip off ! They take taxes away from people retirement $$ money that they set aside in their paychecks for later in life
@@struvrim7637 People on social security in countries other than the U.S. are commonly called "pensioners" even though pensions have largely vanished from the economy. In the U.S., at least, social security is indeed taxed as regular income. Even though, as you say, you have already been taxed on your income(and everything else they could get their hands on).
Meus Advogados estão a par das Leis e Sabe bem como conduzir tudo isso viu . quem foi o Afrontado em Calúnia e Difamação. Quem foi invadido em sua Privacidade na redes sociais que e Livre para Todos. E sabendo eles que eu sou Story único on sou eu e independente. Agora vai falar com os meus Advogados Internacionais. #
If she is paying 20% on taxable income, she must have a big pension. You need to get someone to explain income tax to you. Other countries have 15-20% sales taxes and income tax rates much higher than ours.Go live somewhere else to get a better appreciation of the US. If our country is so awful, why is everyone coming here?
It's good to hear an educated American telling us what the rest of the world has known about American attitudes for decades.
True. And now it’s the time of change.
BRICS has a lot of problems and despite the decline America's been going through for years the biggest problem that's going on between the other nations is that South Africa is getting along okay with communist China now and so is Russia but Russia and China have had a Frenemies attitude for Dickies and decades and actually going back a couple centuries ..most people in the US don't know it because the news never talks about it but India has had to send their military to the Border because China keeps coming over their border and they're always fighting and they got into a mini War back in 2020 but nobody talked about it .
@@flexflow4602that change if you want it slow, protesting and slowly systematically changing the system. Fast? Radical revolution, such as everyone stopped paying taxes in mass non-compliance.
I live in America and I'm sad to say at 25 I barely started to learn what socialism and Marxism is a year ago. This country is failing us and no one is listening to us college students
There's a saying, "education is no substitute for intelligence". This vile excuse of a human being, epitomises that saying.
AM A 40 YRS OLD BLACK MAN AND I WANNA TELL YOU YOUR COOL AS ICE BROTHER. MUCH LOVE ❤
Such a cool compliment👌🇬🇧
Wow, that is clear explanation of the collapse of the family and society
Look up " What the West Does Not Get about China?? " on youtube.
insightful and educational......
Christianity came to destroy the nations of the world. The Romans'Trojan horse.
The devil's children have done a good job.
Babylon has always had families and society but wicked nonetheless.
@@ouknow1446 the ideology of worshipping work and the economy does my head in.. so F##@ work and the economy 😂
the 18 19 20 year olds he is talking about has gen x as their parents... i mean come on now.. the weak gen x could not guarantee them anything... millenials were already lost generation idiocrasy... it was all enhanced with the iphone trap... you just fell for it and now it is free fall
Homelessness, drug addiction, poverty are manifestations of a society in decay.
Capitalism needs them all to survive
@@NoWonderDragon You would expect a country of such wealth and technology to do better. Look at me I am smart with my 95 IQ compared to the orangutan. derp derp derp
Don't leave out Godlesness.
damn.
I say that all the time in addition to the above reference and it's a result of the US government allowing it. it breaks my heart to see what this country looks like in so many areas now because I grew up in the 1970s and '80s and serving in the military I remember seeing areas in California that did not look like they do now in the 1980s and 1991 @@peaceful_warrior7627
It is refreshing to hear someone speak the truth about what i have thought was going on in the US, Russia and China. The greed in this county has risen to exponential heights with our country in serious decline.
sad but true. I think Russia and China will beat us. They will beat us bad.
The decline of malls is symbolic of the decline of the middle class, people dont have that kind of purchasing power any more..they rely on cheap stuff on amazon that is imported from china. Corporations love to hate on the 1950s and house wives but ironically families could afford to live off of one income back then, nowadays it is almost impossible without running up a ton of debt on credit cards. It just feels like everything is going down hill
Human "greed" is a constant; understandably, people want reward for risk. Greed is the wrong word, desire is more appropriate.
Never bet against America.
No country has, can or will surpass her. Capitalism works period. This is assisted by strong human capital from all over the world attracted because they will be rewarded for risking capital and effort better there than anywhere else on earth.
@@garyjohnstone6422 spoken like a true rich a hole. You are not black in a getto. Not even a ?
@@sew_gal734023red3f4 rdcsee
This is brilliant, thank you.
I’m 58 years old, grew up in America, brainwashed in America regarding economics and how it is run in USA. I’m just now figuring it all out, because I was raised that they way things were run was the best in the world. Now my eyes are open and I’m so happy to hear Professor Wolff say all this because I kept questioning myself, but he just said exactly how I feel, and I don’t feel alone in my thinking.
Funny, but I can't help but to respect the honesty. Just wait until you study law + physics 🤣
I'd say those are the 3 major corruptions of the age: economics+fiat currency, theoretical physics, and law. Remember, capital is money used to make more money. It's a free market that uses funny money that buries a nation in usurious debt, and consolidates all the wealth into the hands of a few.
Read history and evolve
Repeat history we all devolve
Lies lies they all tell us
the lies we all believe
Woke the new history of lies
@@chadkline4268 It's not a free market's fault. It's people who corrupted the free market with their un-godly debt system. And it's the corruption by the stock market system. The stock market system has led to a corporate fascism , not a truly free market system.
Move to Canada or Europe
@@jasongreen6842 I live in Egypt now, there is no perfect place to live, but I live on a fixed income and can’t even afford to live in america anymore. Housing is insane, food, medical, and all the violence going on with the mass shootings. The people of Egypt remind me of the old days how I grew up. You get your bread from the bakery, meat from the butcher, fruit from the fruit vendor. Small family business all around, not Walmart or big Corporations every where. Families live off of their family business’s and that’s nice to see again.
Great talk. The Ukraine issue has sped up global multipolarity, with several non-western nations with natural reserves in abundance wanting to join BRICS.
Half a dozen nations including Saudi Arabia, Argentina and Chile have submitted formal applications to join the BRICKS group. People want to be part of an organization that will not admonish them for running their countries consistent with their national identities and not according to American LGBTQ democratic extremist values and principles. Which none of the world shares. We even had to force these values on the Europeans although they were more than willing to absorb this junk from us
@@AsadAli-jc5tg the UK is dead. It's fake king is nothing and the country is eternally broken. Scotland is going to declare independence and then it will be the divided kingdom. Charles has been arrested for his crimes against that girl on Epstein Island while he was there.. He attacked a 16-year-old girl. And this is your example of a man? What a pity!
@Asad Ali 🤣🤣🤣 his mother, was "the queen," while his daddy was a prince who was first cousins 🤣🤣🤣
@@AsadAli-jc5tg What do you mean our king? You realize Mr Asad Ali, that they don't consider you part of their group?
@Asad Ali 🤣🤣🤣🤣 Your time has come to an end. Meet your judgment colonizers🔥🔥🔥
I've listened to a lot of Dr. Wolff's talks. It is always uplifting to hear someone speak reality so directly and clearly. Now to hear him speak so forcefully and in my vernacular means he might get thru to people like me.
That doesn't say much for people like you, does it? 😀
@@jackkessler9876 Your comment certainly doesn't say much for you.
And me
@@RadicalCavemancome on this guy Wolf is an idiot
I wish the whole world listened to Richard Wolff!
I lived through the '50s, '60s, '70s, and so on. Thank you Dr. Wolff for providing the best insight ever explaining the economic, social, and political strife engulfing our country and the rest of the world. We all need to get our heads in the right place to work through this.
I worked thru 1968 to 2022 (way past early retirement) and many people will not be able to retire.
@@alancooper9311 That is a sad state of affairs for people who won't have the benefit of the retirement plans that used to be...
It's grooming them
..of course, and without forgetting the real "Americans"... The "american" indians whose lands have been stolen...
It's not US, the everyday citizen, it's the actions of a corporate owned, ever more tyrannical government
I entered the work force in 1980. My entire adult life has been defined by this economic loss and the cascading consequences of that decline. I hear you.
1967. Minimum wage $1.65 per hour.
@@colmcillegardner2144 the price of silver was also $1.65. Silver today is $24 yet minimum wage is about $8.
Farin Shore - What would you expect from globalization, promoted by both political parties?! Moving the most costly, usually very sophisticated production overseas in order to pay pennies, but selling in the West for better profits - that was the desire of our corporations, fully supported by our political esteblishment.
Did any party oppose it! Did our people, more immersed in soap operas than in politics, understand its essence? - Nope! De-industrialization of the US economy, disappearance of hi-tech, lower level of education, of science research and engineering is the logical result of such policies. Because where production goes, technological improvements go... Suffice to see on UA-cam the statistical data regarding steal, cement, car, electricity production in the USA compared to China. 40 years ago, China produced barely 40 million tons of steal per year... Today: - almost 1 billion tons! Look at cement production, you will be amazed.
No surprise so many homeless people today, low wages, and the desire of corporations to bring pour people from abroad to fill those low wages jobs... And the situation will be worsening due to the climate calamities and the change of dollar status as the international courrancy...
@@colmcillegardner2144 ignorant comment
@@colmcillegardner2144 dont lie.
Those who don’t study history are doomed to repeat it. Yet those who do study history are doomed to stand by helplessly while everyone else repeats it.
This is what's needed on you tube today and now🎉
We are the ones who decide that we are helpless or not. The first help we need is that coming from ourselves. There's always something we can do, corresponding to our ability. In other words, there's always a level at which we can help.
Standing by is better than contributing to the insanity
@@_Wai_Wai_ To sin by silence when they should Protest makes Cowards of men. The only thing necessary for the triumph of evil is for good men to do nothing.
@@thespartan8476 okay, what are you protesting about? The Wars this gov't is instigating all around the world? They've already done that. The ones in ruling positions will not listen. All there is left to do, is find a different country, and not pay any more taxes into this beast.
Thank you Professor Wolff, what a great mind opening lecture. 👏👏
Best best best analysis I had ever heard. Really wonderful!!!! All university students and US citizens must listen to this speech. Because it involves their future generations.
Если аы, американцы, продолжите выпендриваться перед всем миром, то будущего у ваших детей не будет!
Anyone who starts this video should know it might start off a little slow, but it picks after 10 minutes or so and ends with brilliance. So grateful to hear this and realize our denial.
Thank you for that information. I almost signed out. I'm glad I didn't.
Reality overtakes denial, gravity always wins.
Marxism is definitely better than Capitalism. Just ask these people...
Victims of Democide by Marxist regimes in the 20th century.
Russia: 20 million
China: 60 million
Vietnam: 1 million
North Korea: 2 million
Cambodia: 2 million
Eastern Europe: 1 million
Africa: 1.7 million
Latin America: 150,000
The misplaced reference to private property was shcking, it is shcking... Some of these older guys have no diplomacy or respect of others.... And I am not wke, listen to the first few minutes about cvil war if you didn't hear it...
This explains so much. And it makes me want to weep having lived through it at the age of 71. I worry about what is ahead for my children and society in general
I’m😊 terrified😊for my grand chil😊
They'll pay for the sins of you and your forefathers.
@@austinrichards1987yep!!
You're absolutely right, we're in a situation where currencies are losing purchasing power faster then we can earn them
Focus on needs, decency & quality work/ life
Faith is very important, message/ meditation/ decisions autonomy important
Naysayers, comparison apples to oranges
Socialism to many means coworkers
Sent their kids to USA & sent home to run home nation. Some wouldn't go home
I should also note that Professor Wolf's assessment of the Russian economy is unfortunately still rooted in Western concepts of "GDP", when in real economic terms the Russian Federation has an extraordinarily larger, more flexible and more important economy than Italy's. Italy could never weather the economic war the way Russia has. Russia's state capitalist economy is hugely important to world at the present moment, and it would be naive to play into the Western narrative that Russia is a "small economy" or a "gas station masquerading as a country" as it was so arrogantly put by warmonger John McCain.
i guess we need a notion of "real gdp" similar to "real wages". exchange rates can completely falsify the image of an economy (for example people in tribal economies can be described to " live on 20 dollars a month" when, maybe, they do control resources in land and nature equivalent to many millions. But this propaganda opens them to capitalist intervention and grabbing)
Wolfe apparently overestimates china. China is a continuation of the Qing empire. So the people's of this empire long for independence. China and India are bitter enemies apparently not understood by Wolfe.
@@disndat1000 US must settle it's debt ceiling issue. US must put a special tax on the rich to pay for the Ukraine war without raising the debt ceiling.
Correct. Gas station.
@@GlobalDrifter1000 it wasn't a problem when Stalin was managing the "gas station"... but OP is 100% correct in any case. They could never weather the economic warfare if they were as weak as the usual pack of liars would have us believe. Most of Europe certainly couldn't.
Prof. Wolff is so masterful at making connections. When we listen to him, we then come to understand the WHY.
This presentation was one of his best.
I wonder if people that experienced the 2008 crash had it easier because this market conditions are driving me to insanity, my portfolio has lost over $27000 this month alone my profits are tanking and I'm don't see my retirement turning out well when I can't even grow my stagnant reserve
Even in this whirlwind, there are chances to be had, thus an increase in volatility is not always a bad thing. You have an opportunity to rebalance thanks to volatility. In order to help you diversify your portfolio, you must hire a financial counselor or broker.
I'll suggest you create a diversification strategy because building a good financial-portfolio has been more complex since covid. Recently my colleague advised me to hire an advisor, surprisingly I have accrued over $120K under the guidance of my coach during this crash. She figured out Defensive strategies to protect my portfolio and make profit from this roller coaster market.
credits to Colleen Rose Mccaffery, one of the best portfolio manager;s out there. she;s well known, you should look her up.
Lol “retirement”. That’s where you went wrong. Unbiblical. Doomed to fail from the beginning.
50000 people are starving each day
A great history lesson in the rise and fall of Empires, and a forecast of whats to come. 2nd time I'm listening to this. Thank you.
Hi Richard, I just wanted to add my two cents worth... the way you explain this economic scam we all get to not enjoy it is mind blowing. Every slave on this planet should listen to all your podcasts... maybe then we can stop supporting this system that only works ten percent of people while the rest of us get the crumbs. You are the Master of explaining how the scam works. Peace Love and respect 💯 🙏
What can we do?
It's called trickle down economics,the billionaires get most and the workers get peed on.
Hahahhaah never heard that
@mimiboucher1182, we all need to realize that it’s class struggle not left vs. right. If the bottom 90% comes together we can make the change that is needed.
The hour spent listening to this podcast was one of the most valuable and important hours in my life. Thank you for your clarity and concise honesty Dr Wolff...words to walk with into the future, hopefully a future of solidarity and not disparity 🕶️
He is right on the money. I was 23 in 1970.
@@alancooper9311right off the money his Marxist inclinations fails to address economic flaws Wolff should point out Chinese debt to GDP is 350 percent.
@@genelarson6849
What About the USA external debt. $3600000000000000000000000000000000000000000000000000
I agree
You need a more interesting life.
I am amazed how more people don't see this. I speak to people about it and they look at me like I am crazy
From the late 2019 forecast update from Deagel.
Deagel, Guide to Military Equipment and Civil Aviation
Another particularity of the Western system is that its individuals have been brainwashed to the point that the majority accept their moral high ground and technological edge as a given. This has given the rise of the supremacy of the emotional arguments over the rational ones which are ignored or deprecated. That mindset can play a key role in the upcoming catastrophic events.
People are unfortunately gullible in large numbers.
@@mahannaidu5228 And in small numbers, look at this "church" ;-)
@@mercster it’s not a church
@@psalm1197 ... it calls itself a church, The Community Church of Boston. It has a website calling itself a church. If you're not a church, why call yourself a church?
This was absolutely riveting. No agenda, no emotions-just facts. Loved every minute of it
Another word, the American politicians are behaving like ostrich.
Why Ostrich though?
Ostrich are awesome.
Politicians are not.
Thank you sir, it's been my pain and suffering that I couldn't speak of for years. Many years that wasted in the US and I got nowhere. I would do much better anywhere else in the world with all the efforts that I put in here.
Yep
Then, leave.
as a foreigner, no you wouldn't
You're fooling yourself.
@@downandout992 I am not. Maybe you are. You see most Americans don't even know how to talk. You could have used the word maybe like I did. You're in no one's shoes but yours.
I sat in Hewlett Packard, as they moved ALL of their manufacturing to low labor cost China, as the Hon Hai employees were jumping out of windows, in desperation of horrifying working conditions. Nets were put up to stop the embarrassment of all the suicides. Now we threaten China, who gave us all that cheap labor? All China wanted in the first place, was economic prosperity.
When Bill & Dave left HP, it was no longer HP. Also, economic prosperity leads to World Power, and the USA cannot allow that.
But now, better Fed, they want regional hegemony, a new Greater East Asian CoProsperity Sphere. A collection of fascists who dispossess the current institutions and replace them with their own. No longer just a move out of poverty, but ambition to replace the good with evil.
Yes, you did it to yourselves to spread democracy and Christianity. This was done purposefully to destroy the nations of the world.
Now, you all crying prosecution. 🤡
Hewlitt moved THEIR manufacturing? I say no. They moved OUR manufacturing to China. First we built their base. Now, WE pay for Chinese growth because they make everything there while guys like HP pay themselves big time. I love the Professor, but it's no longer capitalism- it's techno-fascism.
Regardless, climate change coincides with development and prosperity. China will not be able to avoid the consequences like anyone else.
Thank you Dr Wolff. The American diaspora needs to awaken from the slumber before the social tapestry crumbles. The pursuit of happiness has essentially been hijacked
There was never any real happiness in the US.
USA, is on the decline and will never recover. America had the opportunity to make this world a better place but left it in a poor state. Most Americans are living in denial. Thanks you sir.
💯💯💯💯💯💯
And Socialism, with the aid of Marxists, will make it much worse. It always has. It will degenerate into communism. ☠
we cannot hold the American people responsible for the government that was appointed by the electoral college. (majority of 270) not by the peoples vote.
@@mhairsto24on the decline compared to what? China's in the midst of a realestate crisis that makes the 08 subprime meltdown seem like a minor event 30 percent of its GDP is realestate,Russia has alienated it's Ukrainian slavic brothers beyond reconciliation,and it's actions induced the western democracies the withdraw it business transactions I will end with a challenge,name two democratic countries that went to war with one another.. I can't do it and you can't do it
Yeah bro. Y'all could've colonized the stars. Instead you spent it all on proxy wars & corrupt pilfering elite.
My goodness! It couldn't have been better articulated. Surprisingly learned in less than 60 minutes what my whole adult learning lnstitution pathetically couldn't for quite a period of time. Thank you Prof, for this piece...
I agree.
Thank you.
And I 2nd your... err... comment...! 👋😁
@@uzerp9lite I concure
That's marxism for you, finally understanding reality by materialism, not imagination.
Absolutely wonderful talk by Prof. Wolff and it brings back to mind the shock I experienced when I first went to live in China over 18 years ago. I was not prepared for the reality of China compared to what I had been told and led to believe growing up in the West. In the 15 years I lived there, I was never mugged, experienced a home invasion or experienced gun violence in a school or public place. My salary was one third of what I earned in the US but my standard of living was INCOMPARABLY HIGHER!! I was shocked by the scale of events there. For example, my US friends are invariably amazed to learn that at least 2 of the big banks in China (ICBC and BOC) have more than twice as many customers than the ENTIRE population of the US! or that more Chinese have some level of English than the entire US population. It's no wonder they are eating our lunch! They simply work harder and out hussle us, plain and simple. The US is on a fool's errand and living in a fool's paradise if it thinks it can contain China's rise. We need to learn to get along with the PRC as Prof. Wolff suggests, as they are not going away anytime soon.
China's rise should be no surprise to anyone, really. If you consider the population, which is now 1.4B, about 18% of global, with the right economic policies, you shouldnt be surprised if its GDP also grows to 18% of the world total GDP, which happened in 2022.
In 2021, US gdp at around 23T, and world gdp at 97T, US gpd was about 24% of World's.
Now in the US case, its gdp as part of the world's has long been wildly disproportionate.
It was largely because US economic policies, one of which was the dollarization of the global economy.
American capital not only exploited domestic working class and middle class, it also did that to those in other countries, i.e. moving manufacturing abroad to where labor costs were low.
24% of world's gdp with 4.3% of world's population, this kind of disproportion could only be sustained for limited period of time, the decline was eventual.
They only have options for those 2 banks because they are controlled. They cant even use facebook.
@@BR-ex9xp Have you ever lived in China? If so , I doubt you would have made that infantile statement.
@@uwanttono4012where are the protesters who protested the lockdowns?
@@BR-ex9xp Answer my original question: Have you ever lived in China (not just visited the place)? Also, no socio-political system is perfect and China definitely has its problems.
Listening to you has always been an enlightening experience Professor. Thanks for your passionate efforts to explain complex issues.🙏
Oh my god, completely opened my mind. All makes sense, I even took notes so I wouldn't forget ha. Can't believe that I would watch a hour long history lesson and take notes about it after my high school days. People know about the inequality were built on but we really need to know all the story. Thank you very much for this, we have to do our best to spread the real message and open people's eyes.
Well stated !
Sophmoreish
watch with 1.5x or 2x to save some time👍
Simply brilliant! If one has studied the rise and fall of Empires over time, one understands the veracity of Prof Wolff's assession.
Thank you Prof. for being clear & honest about the roots of a conflict that destroyed 3 generations of Syrians. I’m a Canadian Syrian who watched my homeland being fooled by the glamorous idea of toppling their not so popular president which led to 10 years of destruction, economic breakdown with unprecedented inflation, millions in refugee worldwide not to mention the millions that lost their lives.
Richard, I live in Australia, our Governemnts and those who have the ability to influence it over the same time periods you have descibed are slowly trying to adopt the American Capatilistic models so that our Rich can get richer too. We still have good healthcare, education and industial labour awards that are almost fair. A few years back I visited the US and was absolutly flabagasted to see how poor your healthcare, public education and working conditions people in the US had, it was a real eye opener for me. Further to that, most Americans I meet actually thought they lived in the best country in the world and when I explained the difference I dont think I was believed! Your presentation is accurate, but I think the problems are caused by the top 1 % wealthy group who are hooked on power and money and they cause the empire cycle. Never going to change !! You said the US doesnt know what to do, the answer is easy. Invest in your people, their health and education and have a new plan that results in Ameriaca being a better international citzen and in time America can return to its former glory. But THAT WILL NOT HAPPEN BECAUSE THE RICH WILL NOT LET GO OF THEIR STUTUS, THEY WILL SEEK TO HIDE IT, MOVE IT AND OR PROTECT IT. THEY WONT CARE ABOUT THE IMPACT ON THE COUNTRY OR ITS PEOPLE! THE BEST THING ORDINARY PEOPLE CAN DO IS BE BETTER INFORMED BY NOT LISTNING TO MAINSTREAM MEDIA AND STUDY THE FACTS (ITS HARD TO LIE TO PEOPLE WHEN THEY ARE POLITICALLY MINDED AND FINANCIALY AWARE). The second thing people can do is JOIN A UNION - NOT FOR JUST BETTER WORKING CONDITIONS BUT BECAUSE THAT IS THE WEAK UNDERBELLY OF THE TOP 1% RICH PEOPLE - THEY NEED YOU TO WORK SO THEY CAN MAKE MORE MONEY! YOU CAN WITHHOLD LABOUR IF YOUR RIGHTS ATE NOT RESPECTED. - Great discussion Richard.
Why didn't you engage the caps lock for your whole post, it would've added emphasis and won over even more people to your point of view.
@@thadtuiol1717 he the caps lock police have arrived
Very well said. So accurate and true. We’re being bamboozled by our leaders
Taken advantage by large corporations and their business.
The U.S, Politicians, and Institutions have been infiltrated and captured by the NWO, Nazis, and Communists.
Not accurate and not true. Just russian agent who get paid for lies.
There is nothing more dangerous than a wounded animal. Years ago as a young man I came upon a wounded and dying deer lying in an irrigation ditch with both of its hind legs shot and shattered. As I approached the deer it came at me with a rage and a vengeance I could not have imagined. I think about that incident from time to time, especially when I ponder the waning status of America on the world stage.
When I was in Vietnam, I shoot a barking dog as we got to the dog he look me in my eye and growl just before he die, I felt bad that happen 54 yrs ago.
In other words, what are the crazy ass rich people who got us into this variety of messes with their senseless greed and riveting incompetence going to do with their nukes when they realize they've lost the world their grandparents gained.
You understand why the dear was so angry at you, don't you? It was a human that sentenced him to a torturous, painful death by shooting out his legs!
I don't know about laws in your country, but if you did it here, you would be in trouble! That's torture shooting at the deer's legs to watch it dying a slow death.
@@RJ-pe6uj why did you shoot him?
Dr. Wollf Wow Wow W ow what a man I'm speechless,I hope he takes a position in white House, this country will be much better.
People won’t accept this truth because the truth itself hurts .
Thank you for the honesty and sincerity
I love this guy! I love how he presents his views, observations and analysis...
His mind, his wit, his sarcasm, his cynicism, his acid bytes and his precise and accurate analysis of things economic; I assure you, you simply can't ignore him once he gets your attention and you have to admire his wisdom, objectiveness and sharpness! 👋🤗😁
Great insight on the importance of the economic situation today. I am happy that I decided to listen to you Prof.Wolff and thankful for giving me a knowledge for understanding the world.
Nobody can explain factual economic realities like Dr Richard Wolff. He’s just brilliant, and a national treasure.
This is a very important and fascinating video lecture that everyone must hear. The U.S. Capitalist system is indeed on the the decline to more than likely make way for the next world empire. I’m 60 now, and remember how strong the US was for decades, everyone around the world wanted to move here. Everyone wanted to experience capitalism. Like Richard said, world empires rise, and then at some point, they fall. The US is no longer number one. I really believe that this is happening.
well what are you going to replace it with?
He is 100% correct!
Not only. the US!
like for climate change, it took them a long time to realize it was real, same with decline of usa.
@ESAUSTROUBLESAmen. It’s coming. Chickens have come home to roost.
Thank you Dr. Wolf. You are an inspiration for those in "denial" and misguided by the propaganda.
Which propaganda? The Democrat pressure to nonstop war? Or their pushing people into poverty? Or their crony capitalism ? OR they’re corruption?
Eles And propaganda e teatro e isso em que eles vivem and e Perseguição. Em Louco Alvejados . Em Disfuncional 🤪. De Story. Pois ele e que são Alvejados por não ter Cérebro 🧠 pra contar Story destas. #
As a ~30 year old, I'm just jealous of all you guys old enough to remember what a healthy economy looks like. The only reason I have an idea, is because I have been to places other than the US/Canada
They have also, many of them, except for gvt workers, been working 50+ hours a week... Very few would be willing to do this amount of work today. Will you be willing to greet customers at Wlmrt at 70+ as some do?
Go visit China if you haven’t. Trade shows are excellent learning opportunities. They are mostly in Beijing and Shanghai. Fly to Beijing fly out from Shanghai. High speed train between the two.
@@michael511128 Yep, over there, in business and tech, they regularly work 60 to 70 hours a week, still today... They think it's nothing... One Chinese I met said he moved to the us to avoid this....
We're you in a coma from 2016 to 2018?
@@stewart8127 Sadly, no. I was watching you guys flail around from a country that's actually on the rise instead of the decline. It was pretty depressing to watch, but moreso to live now that I'm back.
Thank you.
I can listen to to Richard wolf all day!
Yaaa...that's the funny thing about truth...
Professor Wolff is spot on. The pain ie being felt across the country. Amazon, Banks and other big corporations must pay their fair share.
They will have to pay with their blood too at this point.
Bezos bought the Washington Post and he was appointed to the Defense Board. he made all the right moves.
Under trump corp taxes were cut giving stock holders( top 10% own 85% of stocks)this caused the govt. Shortfall they print more to pay their bills
That because the corps don’t pay their fair share the gov is forced to print money to make up the shortfall is very short sided and wrong. No matter how high taxes are it would never come close to balancing the gov budget. Gov prints money regardless of if they have it because they can, because they turned the dollar into a fiat currency and have reserve status. There is no consequence (yet) to unlimited money printing, except for inflation and making life harder and harder for the taxpayer.
Yes taxes are skewed to benefit the top and hurt the consumer, but that’s the fault of lawmakers, ie the gov. More gov, or socialism, is not going to make that better.
Have you not all noticed how much you are taxed already? And the gov is still in $30 trillion of debt. No amount of taxing is going to fix that.
Like trump or hate him, lowering taxes in simple terms is a positive because it attracts business to come to the country, or stay in it. Low taxes incentivize corps and businesses to create things of value. The higher the taxes the more they want to leave or find workarounds.
What needs to be done is rework the tax code entirely. Why doesn’t that happen? Big business and big government work together and it’s not for your benefit. It’s not true capitalism, it’s crony capitalism at best.
Monopolies that also compound the evil by using Chinese slave labor are unlikely to want to pay their fair share. Expect blame placed on USA working class.
This is brilliant I wish he could stand up at the U.N. and give this speech without any interruption it might (probably) wouldn't solve anything but a lot more people would hear an honest unbiased take on reality carry on professor
Honest and unbiased take on reality from a communist?
The West and US are blind and deaf to logic that is the tragedy.
@@user-nn6ef4ui4e “Socialism, The tyranny of the meanest and the most brainless.” Dresden James
The U.N. would not let him; the Davos crowd keep their 'powder dry' and the riff-raff out ! They want to keep their gravy train.
Mr. Wolf, thanks for keeping it real and speaking truth to power. We HONOR your commitment to truth.
It’s so refreshing to hear someone who is teaching students something worthwhile. Loved your presentation. And to see someone who does not take the usual US Approach of ‘if it doesn’t work just do more of it’ which continues to get the country into ‘deeper do dos’. Thank you again 🎉
End of United States (US) exceptionalism. US exceptionalism lasted from 1870 to 1970. Since then, US workers’ wages have remained the same, while the prices for goods and services have continued to increase. That has resulted in a massive redistribution of wealth from the middle class and the poor into the hands of US oligarchs during the past 40 years! The only ones who could save US workers are the US workers. We must create a new US exceptionalism where the workers decide what to do with the profits of our labor. The best way to accomplish that would be by installing democracy directly into the workplace. That way, everybody would have the most accessibility to the American Dream as possible. Only the workers could make democracy work for ourselves! Thank you Prof. Wolff!
I'm 78 and remember everything he is saying . In the late 60's to the 70's anyone with a decent full time job could buy a brand new well equipped car and pay it off in 3 years ( that was the normal payment time .) My parents bought a two bedroom house with full basement and space on second floor to add 2 more bedrooms for 11,000 in 1956 . That same house now list for 350,000.
11k in 56 is about 125k in today's money
@@Jeff-sp7bg Yes, I also ran those numbers through the US inflation Calculator.
$124,473.49 was the inflation number.
So, $ 350,000 is all wrong because wages since 1956 do not support that home or my home that went from $ 108,000. new in 1993 to $ 590,000. last week.
Our house would be affordable today at a cost following inflation = 199,743.29 or about $ 1,250.00 a month with 10 % down.
Housing is a royal mess. It's a reflection of the disappearing middle class
Well in '78, I was making $2.65 per hour, now I make $53 per hour. So MY wages have more than kept up. But I have worked my ass off. Many years of 84 hour weeks. Missed holidays etc. If you go to work at McDonald's, and 2 years later you are still working there at minimum wage. And you aren't the manager. You are what is known as LOSER. a FAILURE.
History shows that when humanity isn't spending the majority of their time on survival aspects like food and shelter. Innovation is what happens. When humans weren't nomadic and became agrarian. They could further develop society because they had time to do so. Our society is forcing the majority of the population into a survival mode called the rat race. We are losing innovation in this regard because there will be less of the population becoming scholars. Most will be eating poorly to obtain the IQ to do well in studies and reach university. The pressure they face will increase the number of poor to engage in illegal activities, then they became formal slaves.
China has low crime rate, no drug addiction. They have a society that rewards productivity, health, unity and positive mindsets. Their culture is very different from the US and Americans should learn why the Chinese are successful. The American mindset of zero sum game is inefficient and increases conflict with others. It serves only to make those who have all the money and power feel good about themselves. It rewards behavior of dominance. These are bad qualities to reward as it ensures no real peace can occur. A forever conflict. It's pretty obvious why those with power and money in the US behave heartless and selfish. The system has rewarded them this behavior the entire time. They believe they are God's and can manipulate others for their benefit.
Incredible. A whole new perspective in the reality that we currently live in. Tough to hear, but wise to listen and learn.
We don't have the political structure to get ourselves out of the mess illustrated by Dr. Wolff.
To make an impact, we need a system that represents all of us, not just two parties.
The existing setup benefits the party system, not the electorate.
Câu chuyện rất ý nghĩa❤❤❤. Tôi là người Việt Nam đã hiểu một phần nào câu chuyện, đã chứng kiến những mất mát trong cuộc chiến từ 1954 - 1975. Tôi là đứa bé 14 tuổi nhìn những chiếc máy bay trực thăng di tản, những người lính bị bỏ rơi…tôi đã mất tất cả bạn bè vì tôi là đứa học trò duy nhất còn lại sau ngày 30/4/1975. Gần đây tôi có may mắn qua Hoa Kỳ theo diện anh em và làm việc trong 6 năm, thắc mắc về Hoa Kỳ không ai giải thích và câu hỏi đã được rõ ràng qua câu chuyện của Ngài. Hiện nay tôi đã về lại Việt Nam. Một lần nữa chân thành cảm ơn NGÀI.
I tried to give you a thumbs up ( as have others, I expect) but the thumb appears not to be able to count. Best wishes from the UK anyway
('Glad Harold Wilson kept us out of that one).
I was a missionary kid and grew up in Vietnam. 1959 - 1969. I recently went back with my son for a two week visit. It is still a wonderful country. So inexpensive. If my health would allow I would move back. The people are sweet and The country is beautiful. I’m glad for you that you were able to go home.
Thank you for your intellect and historical interpretation! I COULDN'T AGREE MORE WITH YOUR ANALYSIS OF THE EVOLUTION OF CAPITALISM!
What a speech, the best and most honest and valuable I ever heard. Professor Wolff and I are on the same page.
You got that right.
Greetings from Russia 2024. After years of studying marxism i perfectly understand what you mr Wolff are saying. It's terrifying how far they've gone in warmongering and how many of my compatriots have already fell to Ukrainian ground, same is on the opposite side. Working class all over the planet pays more of the riches debts. But those who are not involved directly still have a safe place to hide. Not sure it's gonna last long as the situation evolves
If it wasn't for international banker's, who Thomas Jefferson warned us against, this country would still be thriving.
I totally agree with you! He has no mention of banks, the Fed, and endless money printing, etc.
Agree
Greed has always been the cause of an Empires decline. The British had the Landed Gentry who couldn't even dress themselves. The Americans have followed the same example with the same result, the country falls apart.
Thank you so much Professor Richard Wolff as always for telling the absolute truth. None so blind as those who will not see. Salvation will only be with respect for the masses and not the Greedy. God bless you Prof Chormsky Bernie Sanders Norman Finkelstein and others in your part of the world.
Спасибо, профессор. Вы удивительно верно и главное справедливо оцениваете нынешнюю расстановку политических сил в мире. Жаль, что у обеих партий США нет реального понмания эволюции мира. Китай, Индия, Россия готовы конкурировать в развитии, но не прислуживать "гегемону". Мне представляется, что основной причиной нарастающего кризиса, является неприкрытая диктатура госпдствуещего в мире, паразитирующего финансового капитала.
Whew! Professor Wolff: The History of the Decline and Fall of the American Empire, in under 60 minutes.
Should be required viewing for all our pathetically undereducated students. Should be sending people out into the streets.
Thank you for your customary coherence. Not a fun message but the total candor is oddly comforting.
In the streets to do what exactly? Yell and whine as usual?
Mr. Wolf that was a master class.
We need more people like you to make the american people wake up....
Thank You and God bless your work...
American people don't want to wake up! They want their welfare check without working and free subsidiary apartments..and will vote for idiot Biden forever..
Agree100%❤
Американцы сладко заснули, потому что Советский Союз развалился. И обыватели этой страны были уверены, что теперь то, они будут всегда сладко спать, вкусно жрать и никого не боятся. Да на их печаль пришел к власти в России Владимир Путин. И теперь в их американские души закрался животный страх - а что если русские неожиданно нанесут по Америке сокрушительный ядерный удар?
Wake up nothing, need unions that Republicans want to trash. Same in Iowa!
Listen to his talk, ‘A Cure For Capitalism’.
Very enlightening! If Prof Wolff’s explanation and speech can make a economic ignorant person like myself understand.. just can’t see why the world is so blind! Like he said .. simply in denial!!
wolff this is not the united states it is the deep state there is a difference... stop comparing the deep state with the good ole united states the creature that became the deep state of now is very different and committed the unthinkable also the generations are idiocrasy like in comparison... the now generations
@@michelleper5065 Deep state? 😂 Your good ole USA is risking to bring the world to the brink of nuclear catastrophe for the sake of hegemony..
@@Mikakrombacher nuclear? you mean hydrogen... be accurate or dont be... not ball and no nuclear yes you were lied to and so were your parents... sorry
enjoy the timeline
@@michelleper5065 It just so sad to see what’s becoming of a great nation. The administration is so deeply buried in their own lies and it seems that the only way to clear their heads is radioactive intoxication..
One aspect of American decline that Mr. Wolff didn't mention that I think has contributed just as greatly to America's decline is it's profound decline in moral values!!!!
This is outstanding,, he explains it in such a way that even someone with a high school education can understand.
Absolutely !
In other words, most Americans won't understand. LOLOLOL :)
A high school kid could figure out this guy insulated himself in academia and has never had a real job in his life. A freshmen high school kid could figure that out.
Said it like a true USELESS PHD. 😂
It’s called patronising you. Basically how socialists talk to each other.
he ain't no joke proff wolf really know how to bring in critical thoughts about things that should matter to averages joe n jane
Corporate greed , unfair taxation, inept politicians and the fact that they were able to divide the country so deeply leaves us with no hope!! very sad.
Yeah it’s a wrap for the US
This is one of the realest videos I’ve seen in a while. Economics for dummies. Some of us already understand this but now I guess this could help more people 🤷🏿♂️
An age of indulgence is always followed by an age of decline.
...but it's always hard to go from the age of chaios to age of reason. "It was the best of times, it was the worst of times, it was the age of reason,...
In reference to "A tale of two cities. "
It's all collapsing around us but I'm only one person, what can I do...said 200 million people.
Absolutely, the world is sick of the American imperialism!
Thank you for the lesson in history which is very much true. I don't recall you reminding your listeners, that history usually repeats itself. Unfortunately, the greed of corporations are one of the largest contributors to the inequalities of this nation. If left unchecked the downfall of The USA is inevitable. Denial and the inability to act soon will undoubtedly seal our fate. Well done Sir.
Trickle down economics doesn't work.Build from the bottom up.
Did the British lose their little insignificant unimportant nest egg though? Did they experience a great surprise losing it? Isn't this a corporate entity owned by the crown? In some very specific capitalized arrangement of letters
Tudo isso professor foi necessário e Ultiu né .ou tudo virá uma Zona.um Puteiro só né.as Coisas tem que ter Limite. Regras 😊#
UK Tories usually plan their retirement in luxurious Caribbean idylls with their ill-gotten wealth ..Yet because of the power of their mainstream media pals we still get millions of poorly educated people voting for them
Bible prophecy is something no one or no country can change 😂😂😂😢
Very well said, very accurate analysis and to the point. The best that I have ever heard.
As an European I believe in him. Excellent lecture to remain what has been going in the world, especially in the US.
One of Prof. Wolff's best and most inspiring talks I've ever heard!
Yes man
Very superficial, in opinion.
These are real words from someone who really understands the economical situation and can explain it too. Hats off to you, Sir!
Aren’t all words “real”?
He said Trump is like hitler. What an idiot. biden is more like hitler, except worse.
@@sophiachavez3377Wolf is an inept fool who can't see the flaws of the authoritarian dictator run economies but he does display a contrast to the brighter minds out there
This is the Best of Best explanations of my Hero. I have watched most of his Shows where ever he is, but he always gives the next best !!
And it's current, not a prediction.
Do you not then agree with me that he has herein said what he has been trying to get across in the best way he has ever gotten to?
My high school history teacher, Ms. Dolores Manelski taught me in 10th grade in 1977 that a country that imports more than it exports is in for big trouble. What a great teacher and you Mr. Wolff are a great teacher as well. Thank you
"A point of view can be a dangerous luxury when substituted for insight and understanding." ~ Marshall McLuhan. Most people appear to be living dangerously. Thank you Richard Wolff for your insight and understanding.
Master history class. Thank you, professor.
Thank you Professor Wolf for taking your precious time to educate us. God Bless❤️🙏
He is not educating, he is indoctrinating.
@@mikekensington1705 let me guess, you think trump is king and currently the president.
@@XD-te6vj When you have TDS Trump derangement syndrome everything is about Trump, the incarnation of EVIL.
We need a massive work stoppage . Millions of people refusing to work and pay bills en masse
AMAZING!! I am part of the working class and what you have exposed is that what really going on . Thanks for your analysis.
As always, Prof. Wolff nails it with his usual witty style... thank you so much.
This is one of the best and heartfelt lectures I've heard. Thank you very much for the knowledge and passion.
Really? 🙈
I truly admire his honesty and the fact it’s coming from an older white male. We blacks keep explaining this, but we are often faced with extreme confrontation and attacks…even death. This man makes me proud
Human likes to blame others for there problems. We will come to realize the problem, when its too late.
We are in for a good spanking. But right now we are too busy to see it coming.
@@stevie586😊00😅
@@williswoods7510 so much of this is a white and capitalism thing. We blacks have been saying it over, and over, and over again, and folks sit there attacking us when we say it! It’s common sense, but too many primarily whites across this globe, and are Chinese to it, keep focusing on power and domination than trying to find ways to become an all-inclusive community. Keep picking a fight with everyone and of course they’re gonna eventually fight back. It’s a very basic concept, and when we have BLM expressing their fight back, it’s used to further racist agenda against blacks instead of understanding the racism and bullying needs to just stop!
It’s a well earned reckoning white Americans have had long coming, and who can rightfully complain after they’ve absolutely terrorized this entire globe?
Our sentiments exactly. Thank you. For all its worth have a good year for what its worth.
That was one of the best history and economics speeches I have had online. Thank you professor Wolff
Some points were valid, but overall it's very superficial due to a pour level of American education in general.
You should listen to people like Andrei Piontkovsky, political analyst from Russia, residing in Washington, DC, or to Yuri Schvets, the former Soviet citizen in charge of the Soviet spy network in the USA.
Again:
The level of education and comprehension of geopolitics of this gentleman laissent à désirer, as French folks would put put it.
Wolff is a good speaker, but did he say that India is allied with China O_O? China votes the same way as India some times like on the Russian-Ukraine war, but they are not allies...
Only brown shitkids would listen to this retarded commie
@@aoeu256 They are more like friends of convenience. They both need each other. And by the looks of it, their relationship will keep getting better.
Nothing about America is capitalist today. Yall printed 14 trillion dollars from 2019-2023.
That's not capitalism. But Americans are retards, so I get it.
This man is amazing. I love his lectures always. He says everything as it is .
Just finding this channel in February 2023, you are dropping knowledge that's rarely available from individuals from your demographic, THANK YOU!
No denial, just feel powerless.
Great lessons learned about the Rise and Fall of empires.
You are absolutely right! Thank you for this education on capitalism and the United States. Everyone in the US needs to see this video to understand how we got here. My husband and I saw last night on the news that the US Navy carrier is out to sea. This is not a good thing America! The professor just explained the slippery slope our country has been on since it’s inception. Excellent job!!! Thank you!!!
>>Thank you for this education on capitalism and the United States.
We all seek a sulitoin. Right, even Last minute ❤
What does inception mean? Not a native speaker.
What you meanbyda interception . I am not a bat(is bierd and animal. You can not inercept A Bat.
@@NurGeesey What?!!
Follow the money. The more you have, the more you want. The "love" of it, the root of all evil. Addiction.