The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
I'm currently studying at a top business school & I can confirm we are not exposed to ANY of these ideas!! Not even in our econ or ethics classes, which is a damn shame. Keep fighting the good fight Prof Wolff and spreading alternative viewpoints. The world is always listening.
You aren't? That's strange...of course, maybe the problem is the "ideas" you are referring to do not employ words with a meaning that is consistent with those words and meanings used in your institution. One might ask why are you there in the first place?
@@tylerblue9691 If that is true, wouldn't our professor have done so for the same reason? And having done that, also engaged in teaching the same things for the same reasons? Of course, if he didn't do that, then the claim that the things taught at higher educational institutions would no longer be true, as he himself, would have proven that claim false. If he didn't, one might have reason to question both his integrity and courage, since he clearly would have demonstrated that he failed to abide by his own beliefs. And he also had tenure, which would make that choice even more questionable. Why wait until one has secured a comfortable retirement...before beginning to speak the truth?
The "You are an oppressed victim" with accompanying "moral posturing" IS all over mainstream media...but there is FIERCE competition among the various factions...and the Wolff variant is NOT winning.
Once again Prof Wolff. From Namibia and enjoying how your lecture helps me view my country's dealings in the global energy market and how this translates to relieving inequality. Please keep this up and it is appreciated.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.
Your advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
Working with a financial advisor who has worked in a solid financial firm for a long time, will actually set you up for success in life. I'm delighted I was able to scale from $86k to $220k in this red season because my financial advisor John Desmond Heppolette, figure out defensive strategies which help portfolios be less vulnerable to market downturns..
Agreed. I remember Obama and the Democrats said that the GDP would never be able to hit 3% growth when it was down to two percent or less. Then Trump blew that our of the water with a almost 5 percent GDP before the Democrats and globalist shut down the world economy over the sniffles. Apparently all that needed to be don't was to get a president in that said we're open for business and that took the intentional road blocks to the economy off America and there we are with a great economy. Now it's crap again... Trump 2024
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
I've felt the decline since 2008. Never recovered from that crisis. I graduated from college in 2009 and every employer who was hiring demanded an internship to demonstrate experience. After a year of trying to break into my field I gave up and went to grad school. After my master's I couldn't find anything in my field again so went and did a PhD. After my PhD I finally got the job I had hoped to get after my bachelor's, but the salary isn't livable. I literally do nothing but eat, sleep, work, commute, and pay rent. It's a miserable existence and I feel absolutely no hope that I will ever find a better life. It should be fun to try to dedicate my life to student loan repayment, especially since they threw my federal loans into collections DURING my PhD!
I was in highschool in Chicago during the 2007/08 crisis. It was traumatic. I had teachers crying in class because they were getting let go. The German teacher who taught my then boyfriend had to go. Then funding to the school itself was somehow in jeopardy. So they rounded up all the kids doing poorly (me included) and had us CHEAT on some standardized tests so that our school could get money. Meanwhile at home my stepfather lost his job at IBM and never got a job that good again. We moved to Nebraska in 2010 because he couldn't find work in Illinois. Yea I'd agree that life hasn't been the same since 2008.
I was 38 when the banks sunk the economy. It's always the big money that causes this, always. Capitalism is just one crisis after another. Not sure where this downward spiral leads to or ends. I've given up on any hope for the life my parents enjoyed. Workers need to unite. Think about how they keep trying to divide us by race, white and blue collar, sex, gender, religious, and anything else they can come up with. I just laugh when someone mentions my white privilege. Really? My grandfather's maybe had that. Life's hard and it's about to get worse I think. Blaming your peers won't solve a damn thing. We have to stick together or it will be even worse.
Eat, sleep, work, commute, and pay rent - add beer drinking and it's welcome to the life of the working class that was abandoned by academia except you don't have to break your back every day too.
never recover from 2008? yeah cause the rich glibalist got RICHER sending All the jobs overseas. All of our money we work for goes over seas besides the few slave dollars OUR authority allow is to keep. How the owner are aloud to move to basic slave labor and child labor and get rich is madening to me, then demacrats will fine businesses that stay in america, so they push even more businesses over seas. like with solar panels. then politicians give OUR ENEMY (China) Money for green energy even though they commit genocide. if i was committing genocide, they sure wouldnt give me money but china NO big deal. ITS NOT US THATS RUNNING THESE POLITICIANS, IT LOOKS LIKE CHINA TO ME. PAY POLITICIANS MONEY TO SEND JOBS AND TAX PAYER DOLLARS AND EVEN LET THEM CREATE A DEADLY VIRUS ALL OF THE PEOPLE DOLLAR. THEY ARE THE NAZIS
@AndyNL That same narrative that we have today is the same one that is putting itself on the risk of not being there later on. How can you guide a sick patient through his treatment by telling him that he is not sick at all and no treatmentis needed? It will just keep him naive and unaware of his disease. Leading to possible complications to the point that when the patient finally learns that he is sick, it is either too late or the only available treatment is harsher and more painful than if earlier informed or detected.
Thanks richards sir your,s subject did me some aware of capitalism and im listening from india and im interested about communism... Gratitude ❤️❤️❤️ love you
communism is a miserable existence where you can only buy what you are allotted, if you're lucky enough to find it in stock after you stand it line for a few hours, hot water is a luxury you're allowed for a few hours a day two days a week, blackouts, almost no heating during winter (our radiators froze sometimes), no entertainment and constant fear of saying the wrong thing and being overheard by the wrong person. After going through that for a few years, you'll find even this perverted form of capitalism a paradise in comparison.
Ironic, all the anti-globalism people still want the united states tax payer to send soldiers all around the world for capitalist wellbeing but that is not national or democratic wellbeing.
@@slipdishman8443 I'm not the one buying the B.S. sold here... nor can I be bought by a criminal government or those who they are selling protection to.
For the record, the reason that the BRICS alliance countries have been so successful as capitalists is that they already had or put into place authoritarian states. (Brazil/Bolsanaro; China the CCP; India Modi; Russian/Putin; S. Africa is a special case and is largely part of this alliance because of complex historical processes). Point being modern global capitalism moves more quickly and "works better" with an authoritarian state. Because capitalism and authoritarianism have the same goals: to collect power into a small group--one in the form of economic power, the other in the form of political power.. Real democracy is antithetical to capitalism because democracy's goal is to spread power laterally. Socialism is the economic system that fits with democracy's goals because socialism wants to spread economic power laterally.
Professor Wolff you are the Presidential Candidate the American working class deserves. I hope that sooner than later you announce your candidacy and give us a chance to rally around you and spread the message of Democracy @ Work.
@consciouseffortmedia I agree he would make a great president but do you honestly believe those who don't just theorise but actually do conspire let Mr Wolff get anywhere near power? Watched it here first hand with Corbyn who didn't know friend from foe and if he had been elected im sure his health would have diminished...sorry but its going to take struggle,,,struggle we haven't seen in 50 years
Professor Wolf, once again you have articulated an excellent Commentary or Lecture on Contemporary Changing Capitalism. Your lecture or presentation was so comprehensive; thank for your Due Diligence on this particular topic. It was a real Blessing to hear you express your interpretations on this subject matter of Capitalism. I have never heard anyone else tell such a profound Truth with historical illustrations connecting Finance, Economics and Politics in conjunction with the Authoritarian State thereby unraveling the harmful synergistic effects of Capitalism on various nations and societies. What a fantastic delivery on how we have gotten to this state of affairs with the demise of the American Empire. Feudalism took us to the Root cause of our problem; it was the origin of your critique; the way you constructed and explained your arguments and showed similarities was excellent, No I am not trying to grade you! I am saying what great Chronological format of time, space and history you articulated; Relevance with uncovering of supportive Evidence being revealed and presented. Thank You once again Dr. Wolf.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Just wanted say thanks to professor Wolff and all the great folks at democracy at work who makes this content possible. Professor Wolff and his books started me on the journey to eventually become an anarcho-syndicalist. I am open to similar economic systems, rather those that dismantle hierarchies in favor of a democratic horizontalism in whatever form that may take. In all aspects of society. I look forward to this type of content moving forward. Keep up the great work everyone!
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Are you familiar with the One Small Town strategy, based on the principle of Ubuntu Contributionism with Michael Tellinger? I've recently stumbled upon it. Check out the website and even just read the first page, it's very similar to what Richard talks about with democracy at work and using cooperatives to our advantage. The means of production goes to the people, the fruits of our labor is shared, sustainably, and all profits are also shared equally. The difference is in this strategy, each person's 3-hour a week contribution to a community project is valued the same. We all do better, when we all do better.
Thank you for challenging both Western private capitalism and Chinese state capitalism! The problem is not whether capitalists or state capitalists own production, but how the firm is organized itself; whether the working masses have material, democratic control over their workplaces.
More importantly, how the value created is shared more equally. Not possible nor desirable to have complete equality of income, but at least the inequality is not so extreme as in the US now where the top 10% have 90% of the wealth.
@@shawnkalin9337 Monopolies are the result of free market forces. It's what happens EVERY TIME. Also, force (violence) is a natural monopoly, and a government is by definition the entity with the control over it. It's got nothing to do with the free market, it's just a fact of reality.
I love your lectures and we all love you Richard. You have a unique ability to simplify economics for the layman. We , those of us who can think for ourselves, are acutely aware of what is going on living in and under the capitalist system, we feel it acutely, the pain of exploitaion, the struggle for survival, the greed of those few who for the moment are controlling our lives. I am 70 years old and would love to see this corrupt system demolished and a socialistst based system implemented and as you rightly say democratization of the workplace is a key fundemental part of that. I hope that I live long enough to see this happen. Keep up the good work and god bless.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Mercantile Capitalism: This stage existed from the 14th to the 18th centuries and was characterized by trade and exploration, with nations seeking to accumulate wealth through colonialism and overseas trade . Classical Capitalism: Also known as competitive capitalism, this stage emerged in the 19th century. It was marked by the rise of industrialization, free markets, and the pursuit of profit through competition . Imperialism: This stage, identified by Karl Marx, refers to the expansion of capitalist economies into foreign territories through colonization and the establishment of empires . Late Capitalism: This stage is characterized by an acceleration in the turnover of capital, concentration of wealth, and expansion of credit. It is often associated with the increasing influence of finance and non-traditional productive areas
@@jgalt308 Haven't you heard of the robber barons, child labor, sweat shops, monopolies:, ruthless strike breaking: all early stage capitalism. I could recommend some readings if you like.
@@michaelkenney2857 One you missed out....Droit du Seigneur. The right of the Lord of the Manor to sleep first with the newly married woman, before she slept with her husband.
@@michaelkenney2857 I've heard of them...but tell me about it...start with Standard Oil. Was it a monopoly? Did it raise prices because it could as Wolff claims? Who was Ida Tarbell and why did she write the book she did? Ruthless strike breaking? By whom? How about ruthless strikes? As for early stage capitalism, it would appear according to the post above you, that that occurred much earlier...so you can fight that out with him, and we'll see how it ends. But the questions regarding Standard Oil are a good start...have at it. The answers will have a bearing on those OTHER robber barons.
Every defense of Marxism is based 100% on logical fallacies. First of all, socialism is framed by the mantra "property is theft". At least they made their arguments without blatant attempts at gaslighting. Marxism is pseudoscientific socialism. Dogmatic socialism. Nothing but easily refused dogmatic circular reasoning. There's also a difference between "hands off" capitalism and "authoritarianism" and so forth. Hands of capitalism is exactly the same as Constitutional rule of law. Take back all of the Federal agencies and you have hands off Capitalism in the USA again. The people that lost the Civil War created the KKK and Progressive (Marxism) in the same moment. Antitrust law that evolved at the same time is not doctrinaire anything. It was "progress" in the rule of law and protecting the public from truly dangerous concentrations of power. But notice that Antitrust law doesn't require the deprivation of due process of the law. Everything "Progressive" since then is about erosion of the rule of law in favor of rule by council/party decree. IOW, Soviet Communism. The other thing that Marxists ALWAYS leave out is what the actual conditions were when some group revolts and puts together some form of "socialism". Monarchs always held all mineral rights, no matter what "property" rights they allowed. And without an independent judiciary that can save owners from tyranny, you can't actually have "hands off" (rule of law) capitalism. If the US actually believes in sensible "socialism" they would have studies of how much mineral wealth is already held on Federal lands and then come up with rational ways to raise funds and manage those programs. And public schools would not teach fearmongering nonsense but would instead by funded through a voucher system paid for by "socialized' mineral rights taken from Federally owned lands. Think carefully before launching a "but Capitalism" trope because the key problem in all Marxist exposition is the failure to understand the difference between an explanatory trope and a verifiable fact. And lastly, there's a difference between "central planning" aka "social justice" versus "rule of law" economic interventions. Not one claim in this video stands up to the scrutiny of anyone that knows what is being discussed as mere theory versus verifiable facts of reality. Even this alleged "hegemonic imperialism" is a feature of Marxism, not rule of law capitalists that understand the truth about how wealth is created and shared "fairly" under "democratic" rule of law - that requires an enforceable "due process" and "property rights" regime that the Communist Manifesto itself claims is the very root of the problem. Only Marxists in the US and Europe think that Ukraine must be defended from "Russian tyranny" because every sentient human knows that the fight for political and economic hegemony over Ukraine is between Russia and China. The CCP and many in Ukraine want "belt and road" alignment and Russia can't openly argue against China in Ukraine. LOL. What is wrong with you brainiacs? It's not that complicated. China is a competitor for hegemony unregulated by a voting public. You can't appeal to the CCP for "fairness" because it was long decided that Communist "fairness" means the wholesale destruction of all private property rights. Only Marxists want a "big" Social Justice" regulatory state.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Just remembered this quote from Anand Giridharadas~ “The people who have the most to lose from change can't be placed in charge of reforming the status quo.” Thanks Prof. for constantly reminding us of the dangers of this unchecked form of Capitalism.
@@jgalt308 Every economic system has "problems". The current system is corrupted which is obvious to the brain dead. As for what Professor Wolff would do, he spells it out rather thoroughly. That is, if you're listening. But capitalist pigs rarely listen, they're too corrupted by the almighty dollar.
Thank you for endorsing what I've been espousing to my family for months now! Love it or hate them, China is working and (economicly) a massive success!! Regardless of the rest, China's emphasis on education since Mao's death has significantly improved their economy today, imho 😊
Wow mr wolf 🐺 I have never herd this understanding..!! Thank you 🙏 sir Truth be told I have been taking this face value and very emotional reaction in my part. I appreciate you gracias 🙏
Capitalism is about instantaneous mutual transaction. That's all. "Growth" and "profit" are not requisite to capitalism occurring, only socialists focus on these narrow views of voluntary interaction usually to imply some bad outcome is happening.
Free market voluntaryists (capitalism is too loaded of a term invented by Karl Marx) just do not care about "limitations". Freedom is the only goal. Nobody is entitled to any economic outcome. Whatever you can do regardless of what others do is your right.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
У американской учёной братии, которые занимаются историей, экономикой и политикой, есть одна сволочная привычка - своему народу говорить одно, а в кулуарных беседах совсем другое. Так вот, то, что профессор Вольф вещает вам со своего видео сайта, это ещё не значит, что он в мвою болтовню верит. У подобных профессоров в Америке есть заказчики на разные темы. Это может быть правительство США, а может и крупные корпорации. Так что профессор Вольф и ему подобные типы всегда на своих сайтах выполняют взятые на себя обязательства по контрактам. Видать в Западном мире имеется много наивных людей, которые готовы слушать всякую чепуху, как от профессора Вольфа так и от подобных ему.
Since i turned 39 years old I've been planning and budgeting my finances on stock and Cryptocurrencies which am so happy to be earning $8500 biweekly with my capital of $1700, I've learnt that one of the greatest thing you can do for your finances is budgeting
I got Charlotte E. Carter 's recommendations on CNBC News in November 2021 and started following her lead and made $77,400 in one month. Lost my job in January 2022 and right now I'm back on top again and I always win with her guidance.
Inflation is the tax that both parties have agreed to in order to keep funding both party’s donors. Both parties have adopted the authoritarian position. Favoring big business as their donors and letting the masses pay the price via inflation. We have only just started to see where inflation is heading.
What a presentation! Lots of ideas and their histories and interplay. I felt I was back in first year undergrad - galvanized by ideas new to me. Many thanks!
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Thank you Professor for your excellent updates.very,very interesting ,the global political/economic changes are moving rapidly forward, to a multipolar World.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
As a former student of Professor Wolf, am proud to see him 'split hairs' in his detailed explanations. This man made me love to study and explore more. And whenever he posts a video, I just have to tune in and give the video a thumbs up 👍 Thanks Prof. And keep the videos coming. Hey, Prof. could you please, make a video about aid? The United States gives 'Aid' to just about every country. Could you please break down what really this aid is, that is, not really aid, but a tool for control and imperialism? Thanks
And you should be commended for your attentiveness... A true student of Wolff praising him for "splitting hairs"...which means: "to make often peevish criticisms or objections about matters that are minor, unimportant, or irrelevant." You have clearly demonstrated what it means to have been educated by him.
Thanks for your persistence, Professor Wolff! We need you and "Democracy @ Work" as I challenge my local grocery chain, Metro, that started a loyalty program that has different prices for "members" and "non-members." You are the response - I would want to be a "member" of a food cooperative that fires the Board of Directors and makes the employees and customers part of that Democracy At Work you have described and made "common knowledge" to so many who can seek to improve their working lives.
@@jgalt308 As YOUR response is NOT related to my comment, I am mystified by the J Galt name suggesting Ayn Rand belief system of Marlboro Man Heroic Individualism, such a key part of "marketing" the American delusions of totally, anti-social attitudes claiming "socialism" as a disease, when the whole internet and all the equipment making it work is the result of humans "working together" in very well-organized "groups" of like-minded persons, all being equally interested in communicating in this human invention of millions being interconnected and interdependent. Hey, Free Bird, keep on flying above it all, but the energy and the infrastructure is all inherited from "working people."
" I challenge my local grocery chain, Metro, that started a loyalty program that has different prices for "members" and "non-members."" Lol this is what you get worked up about?
Yes, that "members" thing shows the extent to which businesses like to jerk their customers around. Food coops were the coming thing for a few decades, but are quite rare now. Americans are very passive, and becoming more passive by the day, and won't take the reins into their own hands.
Thanks Professor Wolff. It’s so sad that almost all these multi billionaires are literally destroying the fabric of United States of America. Their selfishness could end up destroying everyone. 🙏❤️🙏
They are really ripping apart the whole world. They can't tolerate anything to stand in the way of maximizing profits. Human rights? No! Democracy? No-way! The environment? Not a chance! Peace...? Nope...War makes fast cash!
This is modern slavery…hiding behind political-correctness, intellect and ethics….where the majority have been enslaved to be preoccupied with job-hunting and to keep one’s job, while those at the top are the slave masters with totally different lives.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Great presentation-It reminded me of a long ago interview the erudite Chinese Foreign Minister ,Chou en Lai had with an American journalist on the occasion of Nixon's trip to the Peoples' Republic of China.The iconic Chinese revolutionary was asked for his opinion of the Bourgeois or French Revolution.He slyly replied,"Its too soon to tell."I'm certain that Prof Wolff recalls that comment in "real time."peace.
40:50 - One could say that inflation affects all somewhat, though here it is the poorest who have few savings to get through. Raising base rates puts the poorest into precarious situations, job losses, mortgage increases - a double, triple even quadruple "whammy". Society will not heal by sacrificing tge poorest - and that surely is not what government should be about. The better off must sacrifice a little more (perhaps a lot more) if they want to preserve the "safe society" that made them wealthy in the first place!
I share dr. Wolff's views on bloodthirsty capitalism but I cannot understand how on earth can all employees decide about what the company should produce? The majority of factory workers have no higher education so they cannot possibly be the decision makers or am I missing something?
Prof Wolff gives us yet again the possibilities for a brighter day... Easy to understand and digest.. Thx Here's to a world transformed and more equitable...
It turns to more repressive measures if and when needed to do so. Principally at times of stress , burgeoning movements , mass scale ideological shifts contrary it's interests etc ..
We're on the wrong currency and forfeit our real one time. We're on someone else's PRIVATE CURRENCY of US. " Anything I say what a wonderful philosophy you have...take him away" ~MAD MAX
it's amazing how quickly we could start seeing improvements at home, with even the LEAST resistance against the effort of neoliberalists to monopolize everything...
Thank you Professor Wolff for this thought-provoking presentation. Significant to Chinese economic development is the globalization movement among corporations in the 1980s that focused on moving industries to China where these industries could pay pittance wages? Chinese technology workers in the 1980s were brought to study at universities like Carnegie Mellon so these workers could bring knowledge back to China where China could then develop the economy they now have.
Yup, but it was a short, brief ride...and those businesses are now leaving, and China hasn't reached parity yet...and in terms of per capita income...it is about 20 % of that in the U.S. Interesting times!!!!
@@antediluvianatheist5262 I'm always impressed by the "no it ain't"... fact free arguments. Even Chinese companies are moving supply chains out China to avoid geopolitical risks. Here are the 6 places they're heading for instead. Even Chinese manufacturers are shifting parts of their supply chains out of China to manage risks. That's because manufacturers are moving to near where their customers are.Apr 22, 2023 Why are manufacturers moving out of China? CHARLOTTE, N.C. - China's supply chain issues, COVID-19 restrictions and political climate are causing local businesses to pull manufacturing out of the country. This follows a global trend as big international businesses do the same.Jun 15, 2023 Are Chinese companies leaving China? As Ties to China Turn Toxic, Even Chinese Companies Are Breaking Them. Companies are moving headquarters and factories outside the country and cleaving off their Chinese businesses.Jun 15, 2023 Are foreign companies moving out of China? BEIJING (AP) - Foreign companies are shifting investments and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges, a business group said Wednesday.Jun 20, 2023 What companies are pulling out of China? Two years ago, Samsung moved its Chinese manufacturing to Vietnam. Hasbro has moved its Chinese production to India and Vietnam. In July, Volvo announced that it would open its first European factory in 60 years, in Slovakia. (The Swedish carmaker is owned by Geely of China.)Aug 2, 2022
The transition to genuine socialism is a military operation, not because socialists want it to be, but because capitalists and the armed forces under their command won't peacefully allow socialism to be implemented. Military operations require strong leadership to organize the defense forces needed to take over the means of production and to protect those means and revolutionary people. Any army with strong leadership and discipline will be at a major advantage over one that doesn't have it.
So sorry to learn you were struck down by Covid, Prof Wolff. Happy to see you again - and I continue to learn from each of your wonderful videos. Thank you!
@@AdamGeest Yes, in the sense of "being made made seriously ill" (per Oxford Advanced Learner's Dictionary) or having "a disastrous or disabling effect upon" (per Collins). It doesn't always have to mean worse.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
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Hi, from Prince Edward Island, Canada. Glad you all are back, The world needs you.
Hello from London, Canada, Richard we need you, following up regularly...
Thank you - we need a voice we always can depend on for clarification
The world needs you Professor Wolff
Tremendous lecture on the mess we're in and the way out.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Way out?
Thank you, Prof. Wolff, you make everything comprehensible.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
The World has always needed People like Mr Wolff...Knowledge To Spare ❤❤❤❤
I'm currently studying at a top business school & I can confirm we are not exposed to ANY of these ideas!! Not even in our econ or ethics classes, which is a damn shame. Keep fighting the good fight Prof Wolff and spreading alternative viewpoints. The world is always listening.
What do the ethics classes in business school teach?
You aren't? That's strange...of course, maybe the problem is the "ideas"
you are referring to do not employ words with a meaning that is consistent
with those words and meanings used in your institution.
One might ask why are you there in the first place?
@@jgalt308for the degree, the paper that dictates employable value in our capitalist society unfortunately
@@tylerblue9691 If that is true, wouldn't our professor have done
so for the same reason? And having done that, also engaged in
teaching the same things for the same reasons? Of course, if he didn't
do that, then the claim that the things taught at higher educational
institutions would no longer be true, as he himself, would have proven that
claim false.
If he didn't, one might have reason to question both his integrity and
courage, since he clearly would have demonstrated that he failed to
abide by his own beliefs. And he also had tenure, which would make
that choice even more questionable.
Why wait until one has secured a comfortable retirement...before beginning
to speak the truth?
There are great studies out there about worker cooperatives. I wish coop economics were more widely taught!
So glad I found your channel! You are the best sight on you tube
This content should be all over the mainstream media
are you frqzy!? they prefer to keep their masses in ignorance
The "You are an oppressed victim" with accompanying "moral posturing" IS all over
mainstream media...but there is FIERCE competition among the
various factions...and the Wolff variant is NOT winning.
That would never happen that does not give main stream media ratings
Mainstream media just repeating the same in different words. All media was occupied by anti-capitalist bullshit.
Yeah, you're right. But good luck with that!
Once again Prof Wolff. From Namibia and enjoying how your lecture helps me view my country's dealings in the global energy market and how this translates to relieving inequality. Please keep this up and it is appreciated.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Some group of economists have projected that both the U.S and parts of Europe could slip into a recession for a portion of 2023. A global recession, define as a contraction in annual global per capita income, is more rare because china and emerging markets often grow faster than more developed economies. Essentially the world economy is considered to be in recession if economic growth falls behind population growth.
It’s a delicate economical season, so you can do nothing or little on your own. Hence, I will suggest you get yourself a financial advisor that can provide you with valuable financial information and assistance.
Your advisor really seem to know this stuff. I found his online-page when I made a google search of his full names online, read through his resume, educational background and qualifications, it was really impressive. I left him a note and booked a call session with him..
Working with a financial advisor who has worked in a solid financial firm for a long time, will actually set you up for success in life. I'm delighted I was able to scale from $86k to $220k in this red season because my financial advisor John Desmond Heppolette, figure out defensive strategies which help portfolios be less vulnerable to market downturns..
Agreed. I remember Obama and the Democrats said that the GDP would never be able to hit 3% growth when it was down to two percent or less. Then Trump blew that our of the water with a almost 5 percent GDP before the Democrats and globalist shut down the world economy over the sniffles. Apparently all that needed to be don't was to get a president in that said we're open for business and that took the intentional road blocks to the economy off America and there we are with a great economy. Now it's crap again... Trump 2024
Finally a rational explanation of what’s happening
Thank you Professor Wolff ✊
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
I've felt the decline since 2008. Never recovered from that crisis. I graduated from college in 2009 and every employer who was hiring demanded an internship to demonstrate experience. After a year of trying to break into my field I gave up and went to grad school. After my master's I couldn't find anything in my field again so went and did a PhD. After my PhD I finally got the job I had hoped to get after my bachelor's, but the salary isn't livable. I literally do nothing but eat, sleep, work, commute, and pay rent. It's a miserable existence and I feel absolutely no hope that I will ever find a better life. It should be fun to try to dedicate my life to student loan repayment, especially since they threw my federal loans into collections DURING my PhD!
I was in highschool in Chicago during the 2007/08 crisis. It was traumatic. I had teachers crying in class because they were getting let go. The German teacher who taught my then boyfriend had to go. Then funding to the school itself was somehow in jeopardy. So they rounded up all the kids doing poorly (me included) and had us CHEAT on some standardized tests so that our school could get money. Meanwhile at home my stepfather lost his job at IBM and never got a job that good again. We moved to Nebraska in 2010 because he couldn't find work in Illinois. Yea I'd agree that life hasn't been the same since 2008.
I was 38 when the banks sunk the economy. It's always the big money that causes this, always. Capitalism is just one crisis after another. Not sure where this downward spiral leads to or ends. I've given up on any hope for the life my parents enjoyed. Workers need to unite. Think about how they keep trying to divide us by race, white and blue collar, sex, gender, religious, and anything else they can come up with. I just laugh when someone mentions my white privilege. Really? My grandfather's maybe had that. Life's hard and it's about to get worse I think. Blaming your peers won't solve a damn thing. We have to stick together or it will be even worse.
Eat, sleep, work, commute, and pay rent - add beer drinking and it's welcome to the life of the working class that was abandoned by academia except you don't have to break your back every day too.
America is Babylon and this is only the beginning of the pains, famine, authoritarian state, poverty, overpopulated, etc.
never recover from 2008? yeah cause the rich glibalist got RICHER sending All the jobs overseas. All of our money we work for goes over seas besides the few slave dollars OUR authority allow is to keep. How the owner are aloud to move to basic slave labor and child labor and get rich is madening to me, then demacrats will fine businesses that stay in america, so they push even more businesses over seas. like with solar panels. then politicians give OUR ENEMY (China) Money for green energy even though they commit genocide. if i was committing genocide, they sure wouldnt give me money but china NO big deal. ITS NOT US THATS RUNNING THESE POLITICIANS, IT LOOKS LIKE CHINA TO ME. PAY POLITICIANS MONEY TO SEND JOBS AND TAX PAYER DOLLARS AND EVEN LET THEM CREATE A DEADLY VIRUS ALL OF THE PEOPLE DOLLAR. THEY ARE THE NAZIS
Keep up the straight talk richard. We have had enough of narratives and bullshit
One day you will maybe begg for that narrative.
@AndyNL
That same narrative that we have today is the same one that is putting itself on the risk of not being there later on.
How can you guide a sick patient through his treatment by telling him that he is not sick at all and no treatmentis needed? It will just keep him naive and unaware of his disease. Leading to possible complications to the point that when the patient finally learns that he is sick, it is either too late or the only available treatment is harsher and more painful than if earlier informed or detected.
From Spain 🙏 thank you very much for this magnific speach!
Sharing will save the world.
@@stevecoley8365 💯
Thanks richards sir your,s subject did me some aware of capitalism and im listening from india and im interested about communism... Gratitude ❤️❤️❤️ love you
communism is a miserable existence where you can only buy what you are allotted, if you're lucky enough to find it in stock after you stand it line for a few hours, hot water is a luxury you're allowed for a few hours a day two days a week, blackouts, almost no heating during winter (our radiators froze sometimes), no entertainment and constant fear of saying the wrong thing and being overheard by the wrong person.
After going through that for a few years, you'll find even this perverted form of capitalism a paradise in comparison.
Communism is the only way humans will survive the global devastation that rampant capitalism has wrecked on the Earth.
Absolutely true. And the USA are so good at telling other countries want they can and can't do.
Almost every other country is a statist piece of crap anyway.
Ironic, all the anti-globalism people still want the united states tax payer to send soldiers all around the world for capitalist wellbeing but that is not national or democratic wellbeing.
As they should
But now no one is listening anymore. Soon the world will be free of America.
@@burtgrabmore2972 or the world should be free from the Chinese Communist Party
Your work is much appreciated Dr. Wolff.
By whom? For what Reason? To what end?
@@jgalt308
@@slipdishman8443 So no answers then?
@@jgalt308 I'm not here to do your homework for you. But hear Goldman Sachs pays good bread for posts.
@@slipdishman8443 I'm not the one buying the B.S. sold here...
nor can I be bought by a criminal government or those who they
are selling protection to.
How wonderfully refreshing to see someone not suck up to Elon Musk. Professor Wolff, you are my hero.
For the record, the reason that the BRICS alliance countries have been so successful as capitalists is that they already had or put into place authoritarian states. (Brazil/Bolsanaro; China the CCP; India Modi; Russian/Putin; S. Africa is a special case and is largely part of this alliance because of complex historical processes). Point being modern global capitalism moves more quickly and "works better" with an authoritarian state. Because capitalism and authoritarianism have the same goals: to collect power into a small group--one in the form of economic power, the other in the form of political power.. Real democracy is antithetical to capitalism because democracy's goal is to spread power laterally. Socialism is the economic system that fits with democracy's goals because socialism wants to spread economic power laterally.
Bolsanaro got voted out and been replaced with lula and there still in bric?
I am so much impressed at your excellent deliberation sir.
Professor Wolff you are the Presidential Candidate the American working class deserves. I hope that sooner than later you announce your candidacy and give us a chance to rally around you and spread the message of Democracy @ Work.
@consciouseffortmedia I agree he would make a great president but do you honestly believe those who don't just theorise but actually do conspire let Mr Wolff get anywhere near power? Watched it here first hand with Corbyn who didn't know friend from foe and if he had been elected im sure his health would have diminished...sorry but its going to take struggle,,,struggle we haven't seen in 50 years
The President don't run America
AMERICA IS MYSTERY BABYLON
For sure.
@@bonitajanssen745no
Professor Wolf, once again you have articulated an excellent Commentary or Lecture on Contemporary Changing Capitalism. Your lecture or presentation was so comprehensive; thank for your Due Diligence on this particular topic. It was a real Blessing to hear you express your interpretations on this subject matter of Capitalism. I have never heard anyone else tell such a profound Truth with historical illustrations connecting Finance, Economics and Politics in conjunction with the Authoritarian State thereby unraveling the harmful synergistic effects of Capitalism on various nations and societies. What a fantastic delivery on how we have gotten to this state of affairs with the demise of the American Empire. Feudalism took us to the Root cause of our problem; it was the origin of your critique; the way you constructed and explained your arguments and showed similarities was excellent, No I am not trying to grade you! I am saying what great Chronological format of time, space and history you articulated; Relevance with uncovering of supportive Evidence being revealed and presented. Thank You once again Dr. Wolf.
Thanks so much Richard for sharing your vast knowledge on your subject ❤.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
This guy knows absolutely nothing. Watch Warren Buffett instead. He actually made a name for himself as the oracle of Omaha. Not this random loser.
Just wanted say thanks to professor Wolff and all the great folks at democracy at work who makes this content possible.
Professor Wolff and his books started me on the journey to eventually become an anarcho-syndicalist.
I am open to similar economic systems, rather those that dismantle hierarchies in favor of a democratic horizontalism in whatever form that may take.
In all aspects of society. I look forward to this type of content moving forward. Keep up the great work everyone!
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Wow ur explanation is awesome 😎 thank you 🙏
Are you familiar with the One Small Town strategy, based on the principle of Ubuntu Contributionism with Michael Tellinger? I've recently stumbled upon it. Check out the website and even just read the first page, it's very similar to what Richard talks about with democracy at work and using cooperatives to our advantage. The means of production goes to the people, the fruits of our labor is shared, sustainably, and all profits are also shared equally. The difference is in this strategy, each person's 3-hour a week contribution to a community project is valued the same. We all do better, when we all do better.
Thank you for challenging both Western private capitalism and Chinese state capitalism! The problem is not whether capitalists or state capitalists own production, but how the firm is organized itself; whether the working masses have material, democratic control over their workplaces.
You can have democratic control of your workplace when you buy your own sht.
More importantly, how the value created is shared more equally. Not possible nor desirable to have complete equality of income, but at least the inequality is not so extreme as in the US now where the top 10% have 90% of the wealth.
Actually, a free market is the solution. We have monopolies everywhere. Including governments monopoly on the use of force.
@@shawnkalin9337 Monopolies are the result of free market forces. It's what happens EVERY TIME.
Also, force (violence) is a natural monopoly, and a government is by definition the entity with the control over it. It's got nothing to do with the free market, it's just a fact of reality.
@@Akumasama True! However, eventually those monopolies are broken. Usually when a group, a new paradigm or nation rise up.
I love your lectures and we all love you Richard. You have a unique ability to simplify economics for the layman. We , those of us who can think for ourselves, are acutely aware of what is going on living in and under the capitalist system, we feel it acutely, the pain of exploitaion, the struggle for survival, the greed of those few who for the moment are controlling our lives. I am 70 years old and would love to see this corrupt system demolished and a socialistst based system implemented and as you rightly say democratization of the workplace is a key fundemental part of that. I hope that I live long enough to see this happen. Keep up the good work and god bless.
Great episode Mr. Wolff. Thank you for everything you do 🙏🏼
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
You’re doing the world a service. Love from Ireland Dr. Wolff 🇮🇪
Excellent presentation. Late stage capitalism is becoming more and more desperate.
So what are the stages of capitalism? How many are there?
What is the first stage of capitalism?
Mercantile Capitalism: This stage existed from the 14th to the 18th centuries and was characterized by trade and exploration, with nations seeking to accumulate wealth through colonialism and overseas trade
.
Classical Capitalism: Also known as competitive capitalism, this stage emerged in the 19th century. It was marked by the rise of industrialization, free markets, and the pursuit of profit through competition
.
Imperialism: This stage, identified by Karl Marx, refers to the expansion of capitalist economies into foreign territories through colonization and the establishment of empires
.
Late Capitalism: This stage is characterized by an acceleration in the turnover of capital, concentration of wealth, and expansion of credit. It is often associated with the increasing influence of finance and non-traditional productive areas
@@jgalt308 Haven't you heard of the robber barons, child labor, sweat shops, monopolies:, ruthless strike breaking: all early stage capitalism. I could recommend some readings if you like.
@@michaelkenney2857 One you missed out....Droit du Seigneur. The right of the Lord of the Manor to sleep first with the newly married woman, before she slept with her husband.
@@michaelkenney2857 I've heard of them...but tell me about it...start with Standard Oil.
Was it a monopoly? Did it raise prices because it could as Wolff claims? Who was Ida Tarbell
and why did she write the book she did?
Ruthless strike breaking? By whom? How about ruthless strikes?
As for early stage capitalism, it would appear according to the post above
you, that that occurred much earlier...so you can fight that out with him,
and we'll see how it ends.
But the questions regarding Standard Oil are a good start...have at it. The answers
will have a bearing on those OTHER robber barons.
Good to see your teaching and analysis online again. Thank you for your work and influence. 👍
Every defense of Marxism is based 100% on logical fallacies. First of all, socialism is framed by the mantra "property is theft". At least they made their arguments without blatant attempts at gaslighting. Marxism is pseudoscientific socialism. Dogmatic socialism. Nothing but easily refused dogmatic circular reasoning. There's also a difference between "hands off" capitalism and "authoritarianism" and so forth. Hands of capitalism is exactly the same as Constitutional rule of law. Take back all of the Federal agencies and you have hands off Capitalism in the USA again. The people that lost the Civil War created the KKK and Progressive (Marxism) in the same moment. Antitrust law that evolved at the same time is not doctrinaire anything. It was "progress" in the rule of law and protecting the public from truly dangerous concentrations of power. But notice that Antitrust law doesn't require the deprivation of due process of the law. Everything "Progressive" since then is about erosion of the rule of law in favor of rule by council/party decree. IOW, Soviet Communism.
The other thing that Marxists ALWAYS leave out is what the actual conditions were when some group revolts and puts together some form of "socialism". Monarchs always held all mineral rights, no matter what "property" rights they allowed. And without an independent judiciary that can save owners from tyranny, you can't actually have "hands off" (rule of law) capitalism. If the US actually believes in sensible "socialism" they would have studies of how much mineral wealth is already held on Federal lands and then come up with rational ways to raise funds and manage those programs. And public schools would not teach fearmongering nonsense but would instead by funded through a voucher system paid for by "socialized' mineral rights taken from Federally owned lands. Think carefully before launching a "but Capitalism" trope because the key problem in all Marxist exposition is the failure to understand the difference between an explanatory trope and a verifiable fact. And lastly, there's a difference between "central planning" aka "social justice" versus "rule of law" economic interventions.
Not one claim in this video stands up to the scrutiny of anyone that knows what is being discussed as mere theory versus verifiable facts of reality. Even this alleged "hegemonic imperialism" is a feature of Marxism, not rule of law capitalists that understand the truth about how wealth is created and shared "fairly" under "democratic" rule of law - that requires an enforceable "due process" and "property rights" regime that the Communist Manifesto itself claims is the very root of the problem. Only Marxists in the US and Europe think that Ukraine must be defended from "Russian tyranny" because every sentient human knows that the fight for political and economic hegemony over Ukraine is between Russia and China. The CCP and many in Ukraine want "belt and road" alignment and Russia can't openly argue against China in Ukraine. LOL. What is wrong with you brainiacs? It's not that complicated. China is a competitor for hegemony unregulated by a voting public. You can't appeal to the CCP for "fairness" because it was long decided that Communist "fairness" means the wholesale destruction of all private property rights. Only Marxists want a "big" Social Justice" regulatory state.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Just remembered this quote from Anand Giridharadas~ “The people who have the most to lose from change can't be placed in charge of reforming the status quo.”
Thanks Prof. for constantly reminding us of the dangers of this unchecked form of Capitalism.
Professor Wolff is telling us the truth.
I wish more people would understand this.
me too.
Thanks
This is an essential and beautiful lesson in both history and economics that I believe everyone should watch.
Says the person typing his comment to a multi billion dollar platform (UA-cam) while using a computer built by slave labour in China. Ah the irony.
Brilliant!!! Thank you Prof. Wolf!!!👏
Professor Wolff is the one person that should be at the helm of America's economic system. This is a fabulous presentation. Thanks! ❤
Why? Many people have voiced concerns regarding the "problems"...what is it
you believe Wolff would do to solve them?
@@jgalt308 Every economic system has "problems". The current system is corrupted which is obvious to the brain dead. As for what Professor Wolff would do, he spells it out rather thoroughly. That is, if you're listening. But capitalist pigs rarely listen, they're too corrupted by the almighty dollar.
@@jgalt308 You don't listen to the videos. We can tell by your vapid comments about nuttin' honey.
Glad to see you back professor Wolff
So glad you’re back! You were dearly missed ♥️♥️ and sorry to hear you were struggling 😣
Second the motion
Thank you for endorsing what I've been espousing to my family for months now! Love it or hate them, China is working and (economicly) a massive success!! Regardless of the rest, China's emphasis on education since Mao's death has significantly improved their economy today, imho 😊
Good to hear of a fresh start. Critique of systems is essential to social progress. Truth the best tool.
Thanks Prof Wolff you always very helpful and critical about our Times!👍👏💯💥
Wow mr wolf 🐺
I have never herd this understanding..!!
Thank you 🙏 sir
Truth be told I have been taking this face value and very emotional reaction in my part.
I appreciate you gracias 🙏
Worker Democracy is as important as political democracy.
Worker democracy IS political democracy.
@@Stray7 and neither one seems to be making any progress.
@@jgalt308 That is because democracy was destroyed by sociopathic, fascist capitalist, totalitarian oligarchy tyrants, who rule with an iron fist!
thank you Professor Wolff. I deeply appreciate your knowledge, insight and compassion ❤
Professor Wolff explains his subject so everyone can understand it and this is very important.
Capitalism has no limitations, crimes are on the increase as a result of maximisation of profits, Which is cardinal requirements of it
Capitalism does have many limitations, but that's the problem with capitalists, they don't understand that these limitations exist.
Capitalism is about instantaneous mutual transaction. That's all. "Growth" and "profit" are not requisite to capitalism occurring, only socialists focus on these narrow views of voluntary interaction usually to imply some bad outcome is happening.
Free market voluntaryists (capitalism is too loaded of a term invented by Karl Marx) just do not care about "limitations". Freedom is the only goal. Nobody is entitled to any economic outcome. Whatever you can do regardless of what others do is your right.
They are , capitalism is about having profit all the times , you keep on growing other wise you would be left out and Human beings can't grow forever.
@@abubakarjabo6808
Well they can with CRISPR AND SINGULARITY
Thank you very much for the big picture explanation of the economic situation and the way forward.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
У американской учёной братии, которые занимаются историей, экономикой и политикой, есть одна сволочная привычка - своему народу говорить одно, а в кулуарных беседах совсем другое. Так вот, то, что профессор Вольф вещает вам со своего видео сайта, это ещё не значит, что он в мвою болтовню верит. У подобных профессоров в Америке есть заказчики на разные темы. Это может быть правительство США, а может и крупные корпорации. Так что профессор Вольф и ему подобные типы всегда на своих сайтах выполняют взятые на себя обязательства по контрактам. Видать в Западном мире имеется много наивных людей, которые готовы слушать всякую чепуху, как от профессора Вольфа так и от подобных ему.
Thank you for your important work.
Since i turned 39 years old I've been planning and budgeting my finances on stock and Cryptocurrencies which am so happy to be earning $8500 biweekly with my capital of $1700, I've learnt that one of the greatest thing you can do for your finances is budgeting
Budgeting/planning your financial life is good especially when you're about to retire
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As a french, moved to see this yellow vest behind you with what should be our national motto (yes solidarity should be there also). Peace
Thank you very much for your truthful and excellent education.
How you know it's truth?
@@XOPOIIIO How you know it's Inglesh?
Inflation is the tax that both parties have agreed to in order to keep funding both party’s donors. Both parties have adopted the authoritarian position. Favoring big business as their donors and letting the masses pay the price via inflation. We have only just started to see where inflation is heading.
Thank you professor, you are very much appreciated!
Welcome back!
What a presentation! Lots of ideas and their histories and interplay. I felt I was back in first year undergrad - galvanized by ideas new to me.
Many thanks!
Thank you,sir.Keep educating us.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Thank you Professor for your excellent updates.very,very interesting ,the global political/economic changes are moving rapidly forward, to a multipolar World.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Dr. Wolf, thank you very much for your intellect. You provide me with further ideas to consider the humanity of the world.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Agreed 100% , Mr Professor .
As a former student of Professor Wolf, am proud to see him 'split hairs' in his detailed explanations. This man made me love to study and explore more. And whenever he posts a video, I just have to tune in and give the video a thumbs up 👍
Thanks Prof. And keep the videos coming.
Hey, Prof. could you please, make a video about aid? The United States gives 'Aid' to just about every country. Could you please break down what really this aid is, that is, not really aid, but a tool for control and imperialism?
Thanks
And you should be commended for your attentiveness...
A true student of Wolff praising him for "splitting hairs"...which means:
"to make often peevish criticisms or objections about matters that are minor, unimportant, or irrelevant."
You have clearly demonstrated what it means to have been educated by him.
Thanks for your persistence, Professor Wolff! We need you and "Democracy @ Work" as I challenge my local grocery chain, Metro, that started a loyalty program that has different prices for "members" and "non-members." You are the response - I would want to be a "member" of a food cooperative that fires the Board of Directors and makes the employees and customers part of that Democracy At Work you have described and made "common knowledge" to so many who can seek to improve their working lives.
@@jgalt308 As YOUR response is NOT related to my comment, I am mystified by the J Galt name suggesting Ayn Rand belief system of Marlboro Man Heroic Individualism, such a key part of "marketing" the American delusions of totally, anti-social attitudes claiming "socialism" as a disease, when the whole internet and all the equipment making it work is the result of humans "working together" in very well-organized "groups" of like-minded persons, all being equally interested in communicating in this human invention of millions being interconnected and interdependent. Hey, Free Bird, keep on flying above it all, but the energy and the infrastructure is all inherited from "working people."
@@jgalt308 True, nothing that occurs in your comments makes a bit of difference. Sooo good of you to admit it!
" I challenge my local grocery chain, Metro, that started a loyalty program that has different prices for "members" and "non-members.""
Lol this is what you get worked up about?
@@MilwaukeeF40C I am sorry if you don't recognize "psychological warfare" manipulating people into slaves of corporate Fascism.
Yes, that "members" thing shows the extent to which businesses like to jerk their customers around. Food coops were the coming thing for a few decades, but are quite rare now. Americans are very passive, and becoming more passive by the day, and won't take the reins into their own hands.
Bless you Professor;
Bless & Bliss.
Thank you for BEING
Thanks Professor Wolff. It’s so sad that almost all these multi billionaires are literally destroying the fabric of United States of America. Their selfishness could end up destroying everyone.
🙏❤️🙏
They are really ripping apart the whole world. They can't tolerate anything to stand in the way of maximizing profits. Human rights? No! Democracy? No-way! The environment? Not a chance! Peace...? Nope...War makes fast cash!
This is modern slavery…hiding behind political-correctness, intellect and ethics….where the majority have been enslaved to be preoccupied with job-hunting and to keep one’s job, while those at the top are the slave masters with totally different lives.
Billionaires are doing what society asked them to do. You like youtube, that's why you have it.
@@XOPOIIIO Society asked billionaires to steal their wealth, health and prosperity, pollute the planet and wage endless war?
Who knew?!
@@XOPOIIIOWe have it because it's profitable. If it wasn't we wouldn't get it.
So glad I dabbled upon your great lecture and have quite got stuck on your intuitive knowledge and extraordinary ideas. Thanks again, Prof. Wolff.
GREAT TALKING POINTS AS USUAL PROFESSOR WOLFF .. 👍🏾💯
I listen to professor Wolff every night before bed. Now he gives voice over to my dreams. And tinges them red.
Thank❤🌹🙏 you, professor Wolff! Your labour is not in vain😊
A very interesting analysis: An eye opener!
Duh.... Rising interest rates ARE THE CAUSE OF INFLATION..... NOT the solution. IMHO Much respect... just a different view on this.
Thank you for sharing your thoughts, knowledge and insights.
I am glad to hear your lectures. It is wonderful to know the facts. Thank-you for sharing your knowledge.
Thank you Professor 🙏🏼
You’re a treasure Prof. Wolff.
Love yalls work. I pledge money to you guys, in hopes the message grows.
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp
Thank you so much for making this proffessor!
Thank you 🌎 ✊️ 🗽 🌹
Attentively learning from you insights,Thanks professor Wolf
Great presentation-It reminded me of a long ago interview the erudite Chinese Foreign Minister ,Chou en Lai had with an American journalist on the occasion of Nixon's trip to the Peoples' Republic of China.The iconic Chinese revolutionary was asked for his opinion of the Bourgeois or French Revolution.He slyly replied,"Its too soon to tell."I'm certain that Prof Wolff recalls that comment in "real time."peace.
Exactly.
Having been around for thousands of years, the Chinese take a long-term view of history.
40:50 - One could say that inflation affects all somewhat, though here it is the poorest who have few savings to get through. Raising base rates puts the poorest into precarious situations, job losses, mortgage increases - a double, triple even quadruple "whammy". Society will not heal by sacrificing tge poorest - and that surely is not what government should be about. The better off must sacrifice a little more (perhaps a lot more) if they want to preserve the "safe society" that made them wealthy in the first place!
Deeply appreciated professor
Good health
Thank you for prof Wolff
Hooray for our professor.
Super inspiring. Thank you professor Wolff
This is probably the best work you've done, Professor, and I've seen a LOT of your work. :)
Thank you again Prof Wolff. So inspiring. From Melbourne, Australia. Are there other Australians listening? I feel as if I'm the only one.
Yes we are ! ( Speaking for myself..). Remember that many people will not respond or comment - for obvious reasons - as Prof. Wolff mentions...
@@johannbrandstatter7419 Can you clarify what you mean?
from Adelaide here!
Nah, you're not alone. From Sydney.
Thank you very much!
I share dr. Wolff's views on bloodthirsty capitalism but I cannot understand how on earth can all employees decide about what the company should produce? The majority of factory workers have no higher education so they cannot possibly be the decision makers or am I missing something?
It gets a bit more complicated than that but it terms of not everyone being equally capable of decision making you would be correct.
Capitalism is the opposite of Authoritarianism. It's collectivism that leads to less liberty and freedom.
Finally. A comment with some wisdom.
Excellent 👍
Very great summation of our current predicament sir well stated, thanks
I'm learming global econômica from your presentation. Thank you Prof Wolff.
Prof Wolff gives us yet again the possibilities for a brighter day... Easy to understand and digest.. Thx Here's to a world transformed and more equitable...
Your videos are great.
Co-ops are the best business models anyone proposes.
Your videos are like that college coarse that you love. Thanks.
maybe it always has been. its just so blazingly obvious now even a casual observer is effected. yoy can run but you cant hide.
It turns to more repressive measures if and when needed to do so. Principally at times of stress , burgeoning movements , mass scale ideological shifts contrary it's interests etc ..
We're on the wrong currency and forfeit our real one time. We're on someone else's PRIVATE CURRENCY of US. " Anything I say what a wonderful philosophy you have...take him away" ~MAD MAX
You don't have to run or hide, just take authority of our time back from someone else's PRIVATE CURRENCY of US.
it's amazing how quickly we could start seeing improvements at home, with even the LEAST resistance against the effort of neoliberalists to monopolize everything...
Thank you Professor Wolff for this thought-provoking presentation.
Significant to Chinese economic development is the globalization movement among corporations in the 1980s that focused on moving industries to China where these industries could pay pittance wages? Chinese technology workers in the 1980s were brought to study at universities like Carnegie Mellon so these workers could bring knowledge back to China where China could then develop the economy they now have.
Yup, but it was a short, brief ride...and those businesses are now
leaving, and China hasn't reached parity yet...and in terms of per capita
income...it is about 20 % of that in the U.S.
Interesting times!!!!
@@jgalt308 No. They are not.
And while Per capita, China is lower than USA, most of the USA's numbers are false.
And China continues to grow.
@@antediluvianatheist5262 I'm always impressed by the
"no it ain't"... fact free arguments.
Even Chinese companies are moving supply chains out China to avoid geopolitical risks. Here are the 6 places they're heading for instead. Even Chinese manufacturers are shifting parts of their supply chains out of China to manage risks. That's because manufacturers are moving to near where their customers are.Apr 22, 2023
Why are manufacturers moving out of China?
CHARLOTTE, N.C. - China's supply chain issues, COVID-19 restrictions and political climate are causing local businesses to pull manufacturing out of the country. This follows a global trend as big international businesses do the same.Jun 15, 2023
Are Chinese companies leaving China?
As Ties to China Turn Toxic, Even Chinese Companies Are Breaking Them. Companies are moving headquarters and factories outside the country and cleaving off their Chinese businesses.Jun 15, 2023
Are foreign companies moving out of China?
BEIJING (AP) - Foreign companies are shifting investments and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges, a business group said Wednesday.Jun 20, 2023
What companies are pulling out of China?
Two years ago, Samsung moved its Chinese manufacturing to Vietnam. Hasbro has moved its Chinese production to India and Vietnam. In July, Volvo announced that it would open its first European factory in 60 years, in Slovakia. (The Swedish carmaker is owned by Geely of China.)Aug 2, 2022
@@jgalt308 China has the strongest economy in the world. They are growing, not shrinking, like your puny brain.
@@antediluvianatheist5262 China's GDP per capita is just below that of Albania.
I suppose the Albanians are fudging the numbers too.
The transition to genuine socialism is a military operation, not because socialists want it to be, but because capitalists and the armed forces under their command won't peacefully allow socialism to be implemented. Military operations require strong leadership to organize the defense forces needed to take over the means of production and to protect those means and revolutionary people. Any army with strong leadership and discipline will be at a major advantage over one that doesn't have it.
lol
read more.
@@priapulidaOpen a history book. Direct democracy loses to authoritarianism every time
@@badart3204 that's not why I said that. I said that because it's marxoid magical thinking, social alchemy, utter drivel.
Someone with understanding of how the money Systems really works would never present slavery and capitalism as someting antagonistic.
So sorry to learn you were struck down by Covid, Prof Wolff. Happy to see you again - and I continue to learn from each of your wonderful videos. Thank you!
Struck down by Covid?
@@AdamGeest Yes, in the sense of "being made made seriously ill" (per Oxford Advanced Learner's Dictionary) or having "a disastrous or disabling effect upon" (per Collins). It doesn't always have to mean worse.
@@akpanekpo6025 cute
The United States of America is a Constitutional Republic Under Rule of Law. It is not and will NEVER be a mob-rule Democracy. Democracy is anti-American. Learn Constitutional Law and certainly don't be advocating anything other than that on US Soil. Real Men and Real Women don't stand for Pathology and Propaganda. Grow up. #kjb #thechamp