All Because People Reject Common Ownership 😂 💀

Wolff has taught thousands of students over several decades and has over 300,000 D@W followers. Can anyone name just one former student or just one D@W follower who has successfully created an employee-owned worker cooperative. What is the true value of paying a teacher of economics who produces no business owners? Is Wolff worth even $20 an hour? What value did he produce other than tuition paid by some kid's parents or a student loan forgiven by taxpayers who never went to college.

With a vengeance is right!

Extreme socialism or Extreme capitalism equals feudalism. Feudalism is a disaster.

Class isn't the difference between those who do the work and gather the profit. Class is much more than just that. It's a social class which has certain culture & goals. The culture & goals pushes them to seek means with respect to this. Usually there's a threshold point where they're willing to stop or slow down or the required luck isn't there to push to the a higher class. Is their exploitation in the work dynamic of course there is. But that's not a class issue but an exchange. The owners are providing "safety & consistency" & the workers are providing scale. Remember the owners are the ones that set the system up in the first place. Where class comes into play is your culture and goals and somewhat your situation as well determines what you prioritize with your salary. Now some live paycheck to paycheck with all of the economic theft that the system has no doubt. Some just spend money really badly. But if it's the economic theft part, that should an inspiration to become class mobile so they rob you less. Definitely requires some luck though.

Capitalistic democracy is an oxymoron. Capitalism is at odds with democracy and vise versa. You can't reform capitalism to produce a more democratic economic system without having to change its name.

Wonderfully spoken

youwanted the unvaxed locked up. lost any credabillaty you may have had

I learned this as a child, from my father who was a union business agent. I spent my entire life wondering why Americans don't see the reality of how our systems work. The stock market is designed, so all the working people have their retirement in it, and the workers pay the taxes on the gains as well. The workers do everything, take all the pain, pay all the tax, and the owners just buy more yachts or they buy government, or spend your healthcare on propaganda to sell to your children. They take the profits that should go to things like healthcare, and pump the money into propaganda. The GOP is insidiously evil in this, compared to dems Is what I have found. Kamala was a good choice, but all of you are stupid imo. Like pretty much all of you.

My dad owned a mortgage company in the mid 2ks. Of course, with the Housing crisis in 08, the business started crumbling. My dad may have took the risk founding the company, but he didnt bear the brunt of the failure; he fired everyone who worked for him to save money. He kept the business going for a while longer, but all the people working for him lost their livelyhoods. Business owners "take the risk" initially, but they pass the buck to everyone making their profits to ensure that they dont have to face the consequences.

The concept of "savings" never appeared in this vid. Save some before buying your own home at your appropriate income level. You, as an individual, must take that risk. System is to blame, but not all; if a bank allowed you to borrow above your income bracket and you went bankrupt, well, tough luck. Don't blame the bank or the system.

Are you referring to cooperative enterprise?

I wonder if former soviet countries and "allies" turned their companies when the iron curtain fall into cooperatives instead of, for example, the "loan for shares" in russia... a lot of problems would be avoided...

The standard of living for the middle class is higher than 80% of all middle class in other countries. And no country has a greater safety net for poor folk than America. I’ll stick with capitalism even if I’m just a 1000ier

I have thought becoming a homeless bump myself, I have no interest in participate in society, im sick of paying rent😢 in always on the verge of loosing everything, pay check to pay check

commie propaganda

BS. If an employer cant afford it than he is inco ncompetant. BS.

Memo: Part of the surplus is also given to the shareholders (dividends)

Memo: you get the taxes reduced you get a bonus

Memo: You have to produce more than you earn in every hour

Memo: Busnisses pressured government to stimulate the "home-business", to make them buy homes so the business might sell the new home owners stuff

Memo: In the past only rich people had credit cards

Chomsky fails to understand the widespread variation in organizational forms and governance structures emerging in worker coops, employed-owned firms, and other forms.

I'm personally not merely annoyed at corporations for existing, but as Chomsky points out they exist in a system that doesn't hold them accountable for their actions. I live in the UK, and British people tend to give Americans a lot of crap for their political system being corrupt, but in some ways the UK government holds corporations here to even less account than their American counterparts (legal accountability, comically small fines for large companies causing massive environmental damage - google "UK oil company fined"). I never truly appreciated the amount of damage that Thatcher had done until recently, and I align more with Chomsky politically the older I get.

wow this is absolute shit reasoning with zero nuance

🤘🫡😁

👏👏👏👏👏👏👍

Change the way economic students are taught, change in the world. "The whole economic vocabulary is to cover up what’s really happening and to make people think that the economy is getting richer while the reality is they’re getting poorer and only the top is getting richer." ~ Michael Hudson We need to break free of neoliberalism's lies. Article: The Dangerous Myth of ‘Taxpayer Money’

i am proud to be working class but fuck class war we need to work together for the benfit of all classes some rich ppl are very genoris to there workers

According to this brilliant prof Fidel Castro was Great and profit is theft hahaha never seen such idiotic reasoning

So how do you determine how nuch your labour is truly worth for producing that surplus?

Richard is a millionaire. He is adding to his millions every minute with these pesky infomercials for socialism. His hatred of America, the country that enabled him to become a millionaire, is treasonous. He is a moron.

4:57 This guy is ignorant about how enterprises work. So what if managers, buyers, salesmen don't MAKE anything? They are all needed to keep the enterprise operating. Marxists have a shallow understanding about how capitalism works. They see people with more money than others and get mad.

I'm beginning to like how Marx was thinking about labor and money. The only part that screws up these ideas is the corruption....without that, things would be drastically different.

Didn't the boss form something called a limited liability corporation, that exists mostly to insulate him from the risk of his endeavor? Like, if his "risk" doesn't pan out, it's not like he'll be on the hook for all the bills if it goes bankrupt. Doesn't the boss owe something to the people who ensure his risk was a worthwhile one? Without them, his mere risk of failure would be a certainty.

Whatever Noam Chomsky and other jewish communists are against, I am for.

10 years later shockingly even more accurate then ever before. I fear that we may have another civil war in our future and don't plan on sticking around in the country to find out. I will watch from abroad.

The absolute best video on youtube.

Shits ani't changing, every country's social structure works like America, all rich fuckers steal from common folks and hide shady gains in offshore shell companies. Why can't the USSR last longer, or became real socialism in the first place? Crony capitalism without challenge sucks. Even British royals put money on offshore accounts, huh, those fucking monarchies.

Thank you. Watching and Listening from Alaska. 🤔

he should do an update on NFTs

A fundamental problem with US society is that we use the terms “home “ and “house “ interchangeably. A house is a structure commonly used for protection from the elements and giving its occupants a measure of privacy. You can buy and sell them or have rental arrangements. A home is where you live. The most valuable quality or part of a home is the sense of comfort the house can provide and the relationships between the other inhabitants. The mistake many make is trying to buy the qualities of a home by buying a house. The house can sometimes be an investment,but only if you sell or rent it to someone. In search of the pleasant qualities of a home,which we always want in abundance, we make the mistake of buying a house in abundance. That’s the trap that has people paying a mortgage up to the age of retirement. The key is to live way below your means and pay your modest HOUSE off ,then, if you find you need a larger HOUSE, you’ll have something to sell to make a down payment. If you can learn to make a home in the smaller house, you will have made a step toward freedom from the ruling class.

I love how he exposes this piece of shit system so eloquently😂

You all missed the point by trying to apply large scale top down thinking to the problem, which is the exact thinking that created the problem His point is that as companies become larger, the power structures should gravitate downwards, not upwards - which is the opposite of the model we have now, which creates the disproportional wealth inequalities and corruption and environment destruction ,ad infitum...the minority voice, the vote of 'employees' on all significant company decisions, etc, etc.. it's a structure that can only actively be created by those directly involved as the organisation evolves... Also known as 'concious' evolution 🧬 as in "created by the conscience of all involved - "it evolves out if the 'group conscience' if you like"... Cause we're all programmed in the kind of thinking he's trying to de-program from... it's hard to grasp... But we need to keep trying...we can do better And yes if you were thinking that means no more "CEO's" and the highest position being 'servant' then yes, youre on the right track - he who's decisions affect more and more people better have the attitude of "i am a servant - I am responsible to those i 'serve' because the janitor has as much of a vote whether he's in charge as my CFO , 'shareholders' etc and so on...interesting idea hmm

2024 noting has changed, if nothing else its even worse now 😢

What Chomsky fails to mention or doesn’t know is that the Mondragón Collective was created through laws passed by National Syndicalism under none other than Francisco Franco. Isn’t that ironic.

The class system is the first take in a battle of cuts to the fall. Every closed system falls. People hide on the Now Train and forget the Right Track. Must be aware...

i wish i discovered this 10 years ago but hey BETTER LATE THAN NEVER. thank you for this information.

neoliberalism is another word for global free trade

My God! This was 10 years ago. Situation is getting worse now.