Global Capitalism: The U.S. Election and Trump 2.0 in Historical Perspective [November 2024]

[@coffeebean86]

This is so hard to listen to, but terribly necessary. Thank you Dr Wolff for your consistent message over the last years.

[@M.M.Alam.Liberty]

Brave and Brilliant Dr Wolff 👏

[@DBEdwards]

Compassionate man. A heart of gold he has.

[@Nemesisnxt]

Absolutely. History tells us that communism is synonymous with compassion. Thank you, Professor.

[@vivalaleta]

​@Nemesisnxt He's not a Communist, he's a Marxist.

[@WayOfTheZombie]

All presidents ask us to buy things. We've been asking to regulate cost of those things.

[@NO-LIVAS]

He has all of my respect

[@AnnieT369]

If only the American poor would/could listen to the brave professor.

[@azhassainia2492]

They're programmed this way willing to die for capitalism ,why? nobody knows

[@Vicky-Blue]

The poor are usually the easiest to fool, unfortunately.

[@zeusvalentine3638]

they listened and didn't agree. the Democrats failed in so many ways.

[@lennonJoe]

@@Vicky-Blue It is capital that fools people, whether rich or poor. Capital alienates everyone equally.

[@cowsandpigsmaketheearthwar1471]

unfortunately they are largely evangelical christians who believe the prosperity gospel and are not sure if trump is the messiah or god incarnate. they have tasted the coolaide and believe the biblical interpretation of the dominion and the dominionists will bring them cash for praying to jesus as that particular patriarchy sees fit cpwsandpigsmaketheearthwarm

[@C.c52]

What an intellectual and moral delight to listen to you Professor Wolff ! Thank you from France for all the dedicated work you empower us with!

[@fukuasshol48]

Mr Wolf may you have health and strength to be with us for many years to come, you are like an library of knowledge 👍🏽👌🏽👊🏽👊🏽

[@maxbrane]

Professor, WOLFF; HE'S the best!

[@sarahcarder7076]

Thank you, I’m inspired to pass your education on to my kids and grandkids so they know what system they are living in and not find it out when they are 50 and have fallen through all the traps.

[@luizamorim1626]

Thanks Prof Wolff for such an eloquent and sobering lecture. Prof Wolff never ceases to amaze me in his ability to make sense.❤Thanks again!!

[@jaidern]

Brilliant. This is my favorite monthly on KZbin. Maybe the best things in life are indeed free

[@michellesmithunroe2463]

Nothing is free. The professor has generous supporters who enable us to benefit, similar to a charitable donation. I'm grateful to them and the professor!

[@missc.murphy3494]

Not free. I am a subscriber thru Patreon

[@morganjohnson3228]

I can't figure it out, but Mr. Wolff soothes me. He puts to words those things in my mind that I can't understand but I feel.

[@michellesmithunroe2463]

It's called sobering and honest logic.

[@payatchoi9516]

We rock with Prof Wolff cuz he's rocking with us!

[@aurelian6313]

I’m in Canada. The Canadian politician Tommy Douglas likened voters to mice voting for cats. The mice (voters) can vote for the white cats, or for the black cats. But their only choice is to vote for cats.

[@zeusvalentine3638]

have you been to a hospital lately? our system isn't working well either.

[@loufarrocco7023]

Well said aurelian6313.

[@zz5guy]

Can I vote for an orange cat?

[@geoffreynhill2833]

Uniquely illuminating. 👍🤔 ( Democrat & Republican voters alike should watch this. )

[@johnsarmiento410]

Thank you Dr. Wolff.

[@stevenbrassey3540]

As ever, spot on analysis by The Prof Wolff. We need his voice to be heard at grass root levels and to challenge our politicians to deal with his perspectives.

[@loufarrocco7023]

Thank you Richard Wolff for shedding all important light on deep rooted problems we all face in the US. May we be successful in our endeavors to address the causes of problems and not fiddle around becoming overwhelmed by symptoms.

[@tagindenver2]

Thank you, Dr. Wolff. I greatly appreciate this lecture.

[@andrearenee7845]

Followed you for a long time. Thank you for your service...

[@cowsandpigsmaketheearthwar1471]

YOU HAVE MY ATTENTION I WILL GET AS MANY PEOPLE TO WATCH THIS AS POSSIBLE

[@maxbrane]

He is THE ONLY person who makes economics understandable; no spin, no B.S. 😇

[@joannathornton1863]

The more I find out about the world and how politics works it makes me sick of how they manipulate us. Thanks for all your information 😘😘😘😘 it has helped me a lot to understand better about politics.

[@josephschaumberg4136]

What a lesson, on economics backed by history.

[@libiroli]

I loved this talk, but 3 things: 1:12:54 Social security is actually indexed to CPI. 59:25 The U.S. hasn't had a major recession in 15 years, which is a historical anomaly. This is one of the legitimately unique characteristics of our current neoliberalism era: how the Federal Reserve is using unique new fiat tricks to manage the business cycle. Normally this would undermine the dollar, but every other central bank is doing it too so tbh I have no idea how this ends. 42:00 China has been going through a serious economic crisis for 2+ years now. So while I agree China will probably overtake the U.S. this century, it's not as clear cut as Mr. Wolff makes it out to be. Thank you again, Mr. Wolff and D@W. This channel is a gold mine for political and economic commentary. Excited for the next talk in January! Cheers from Japan.

[@michellesmithunroe2463]

Perhaps the fiat trickery lies on proverbial paper only because it certainly feels like we've been in a major recession for that length of time due to the stagnation of wages to which Dr. Wolff referred.

[@crimsoncoyote1660]

Wow! Brilliant and truthful talk!

[@lindaamey-c5d]

You’re my new favourite person to listen to. You are SO articulate and intelligent ~ easy to listen to! Everyone needs to hear you. You are GREAT. Thank you oh brilliant one. ❤

[@WE.ARE138]

We're all supposed to be just as Brave as Wolff not just for the country for each other.

[@Spectre2434]

Final Justice for American Exceptionalism ❤❤❤

[@WE.ARE138]

But yes for sure, I couldn't agree more, he is a very good example of what we can strive to be. I'm always practicing staying curious enough to try look into what I don't understand. That's how I found out about him. There was and still is a lot to learn about our system. But wow am I glad I found him at all. Thank you Mr Wolff

[@onegurl9]

Try looking into EVERY he says, not what you're just courious about. He's lying to you.

[@danielhutchinson6604]

@@onegurl9Wolff is a Marxist. He believes in redistributing Currency. He makes that clear, you offer no evidence of lies? You appear to be the one who is not telling the truth?

[@danielhutchinson6604]

Wolff overlooks the involvement of Robert Mercer and Company, in 2016 as well as the 2020 election that saw Trumps Childern fail to produce results without Mercer's guidance. This go-round appears to involve the selection of the same old faces and the presentation of very large amounts of money to produce the proper results. The Electoral Industry "reported" almost $15 billion being involved in 2020 election business budget that directed that Election. The Investors who bought Hillary the Delegates needed to insure that her services as a Political Prostitute were available, this Year appear to have consolidated their funds with the Investors who buy stock in vote counting machinery Corporations. We can discuss the industry that supposedly insures the validity of the results if you choose to indulge in that discussion? But the appearance of the most corrupt government since the Gilded Age being installed by an overwhelming amount of money being applied to getting the desired results desired, does appear evident.

[@danielhutchinson6604]

@@onegurl9 do you want to explain about the lies?

[@AjarnKongmy]

I used to think that America is a great and smart Nation...!!😂😂😂😅😅 but in fact it's a DAMN self destructive Nation.

[@seisyl4551]

Thank you Prof. Wolff, you address economic problems head on, making them clair, easy to understand and, even quite compelling... Will try and find your book in France where I live... in Toulouse to be precise, where Jaurès first galvanised crowds defenfing peace and social justice...

[@kimpotvin65]

I wonder where DT’s tennis shoes, bibles and other trinkets he sells are made😮

[@ajeylohia4769]

Very well described. Thankyou sir. My salute. We in india on the same path of inequality. Regards

[@robertaprice6263]

Thank you brother Dr Wolff❤

[@dougn2350]

How many products we buy in America are at least partially (and usually wholly) manufactured outside the US? Everything from cars to refrigerators to TVs to video games and computers and phones are going to go UP. Wages will not.

[@rodzitazainal19]

Thank you and looking forward to next presentation in Jan’25

[@liveandletlive3322]

Most struggling people never blame themselves. They need to blame someone else and Trump reinforces their need to blame others. However, these people would never listen to this type of information.

[@nthperson]

A book I recommend to anyone seeking a deeper understanding of how our political system evolved is "First Principles: What America's Founders Learned from the Greeks and Romans," by Thomas Ricks. Ricks examines the influences over the thinking of those most responsible for the making of national governance under a written constitution. There is no question that the greatest influence was exerted by James Madison, who had studied in detail the experience of all past republics and why they eventually succumbed to despotism and collapse. Madison was hopeful but far from certain that the American republic would survive, and survive despite the fact that important principles (not the least of which was endorsing the enslavement of some human beings by other human beings) were sacrificed in order to form a union of the newly-formed sovereign states. The protection of slavery as an institution confirmed that the most important function of government was to be the protection of property, however property was to be defined. The subsequent history of the United States of America has been a history of ongoing violence in defense of property over human rights.

[@jgalt308]

Human rights? What are those and what is their source?

[@nthperson]

@@jgalt308 The existence of rights (as distinct from privileges) comes from the experience of cooperative behavior as essential to the nurturing of the young to reasonably ensure each person reaches the age of competency. Also integral to the basis for rights is the limit of the action's of the individual within the bounds of one's liberty (i.e., do no harm to others), beyond which (as John Locke explained) such behaviors fall in the realm of license, which jeopardizes the cooperative relations required for the just society and must be prevented.

[@Porfi-1911]

One could point to morals derived by philosophers or ideologies, but why cant we just listen to the majoirty of the working class no matter their party preference? If we do that I think its more than reasonable that human rights include things like universal healthcare (working class physical and mental health continue to decline), financial security (which could come from jobs guarantees, democratic workplaces and economy, massive reforms to debt), less war that we can now all see the horrors of on the ground through our phones (want a real step to world peace? Make war and any material support of it or others' wars only doable by house Rep vote), national abortion rights at some early/mid term level. All this can and should be considered human/peoples rights, and also linked to the economy and how it, along with technological progress generally, is not working to better the lives of working class people here.

[@nthperson]

@@Porfi-1911 Sadly, efforts by socialist workers to unite workers worldwide in opposition to nationalism and wars of territorial conquest have thus far failed. Nationalism is an extended form of tribalism. Given the passage of just one or two generations, most of those whose grandparents were immigrants to any country are assimilated into the dominant tribe. Tribal hierarchy calls not for extended cooperation but demands sovereignty of action. Only a global confederation would potentially reduce the conflict and increase cooperation.

[@Trace-l7k]

@@jgalt308stay stupid.

[@carfunc]

Thank you for your clear explanations

[@Victoria-Enzula]

$35.00 minimum wage for all. $1 million maximum per year. Too bad for the richest. We can demand and take if we want.

[@owenhulley7337]

Love your content Professor, from Canada. Just one small point of contention, from a US perspective, Britain was seen as the aggressor in the war of 1812. From a Canadian perspective, the American side was the aggressor, and therefore our continued existence is proof of a British victory/draw versus a loss.

[@CarolFoegen]

Have a happy Holidays and thank you!

[@victorcanela2734]

Thank to you, I love your speech es all the time. God bless you.

[@user-rp2li7ks4e]

Inimitible. An education. Really appreciate your take on these challenging times, the many issues from an objective and factual economic perspective. Thank you.

[@Trace-l7k]

Excellent analysis. It’s tragic that the population of my country is dumbed down to the point of accepting alternative facts. Thank you for your service.

[@18breaths66]

Example of declining empire: There are many single family ranch style houses in my neighborhood that have been split into individual rentable rooms (some with bathrooms attached). One building i know rents to 6 different people at $900 each.

[@michellesmithunroe2463]

Are they owned by foreign corporate entities?

[@wildbillak]

Thank you once again Professor Wolff.✌🏼👋🏼🖖🏼✊🏼

[@johnollerenshaw3077]

YOU Deep understanding, thank so much you, THE TRUTH of America and sadly many other countries

[@maryamNilforoushan]

Thank you Richard 🙏🏼 and have a good thanksgiving and Christmas

[@philippebauve567]

I am french been living in Australia for the last 45 years ,I have been watching your programs for years and I find you extremely interesting ,I would love to meet you in person ,Merçi Dr Wolff .

[@jackshultz2024]

I will finish with one more quick comment. A quote from Kishore Mahbubani, Singapore author, scholar and diplomat talk about the contrast between the US and China. “In this century, for more than 20 years, the US has been fighting and not winning while China has been winning and not fighting.”

[@sichambers9011]

You can sort of see how the US might tear itself apart if China is patient and calm enough. The main concern is how much of the world the US will take down with it

[@danielhutchinson6604]

@@sichambers9011 The US Colonial Empire that at one time delivered enough Tribute payments to keep the US Currency afloat, seem to have found better places to spend their money.

[@stevemora7845]

Great show! Thank you 🙏

[@TheUntroubledMind]

This dude is so smart. 🔥

[@vincentrocks]

China is not an empire, it is a civilisation, Americans don’t have the ability to distinguish them

[@susankay497]

Thanks for another excellent show. It's so frustrating that so many people refuse to hear the truth and instead listen to lies.

[@Martha-s7u]

A wow factor as usual 😊 thank you

[@jackshultz2024]

A comment on the Evangelical support for the Republicans. I recall a debate in 2012 among 12 different candidates for the Republican presidential nomination.The moderator asked a quick question question. Raise your hand if you believe in the theory of evolution. Of the 12 candidates, only one raised his hand, Jon Huntsman, and he was immediately eliminated from the race.

[@annasavitskaia3021]

Thank you, as always, Prof. Wolff and the channel!!❤✊

[@davidguarin358]

A Genius in geopolítical

[@Magic_Yeo]

Merci beaucoup Dr Wolf. Vous êtes une Lumiere dans ce monde de Ténèbres!

[@sctl]

I appreciate Richard Wolff's ability to speak to people with a novice understanding of economics.

[@Plan_it-Farm]

Thank you Professor

[@jermainemyrn19]

Im raising my kids up on richard Wolf. I need them rebellious. Im tired of this bs.

[@avtarsingh8948]

Richard Wolff, Jeffrey Sachs and John Mearsheimer-thank you for telling the truth. Brilliant lecture!

[@AntoinetteTurkie]

Amazing lecture, thank you for dedicating your time and energy to share your invaluable insights with us.

[@mehdihessami3568]

❤❤ Excellent many thanks to you

[@Martha-s7u]

If only more US citizens would listen to him, maybe one day soon

[@JesusGarcia-rj3pn]

Excellent analysis like always. Love your points of view.

[@DaveK-nb2lt]

You will be a savior - honest perspective on our future

[@kateh8269]

Thank you , Professor. I love your talks

[@Kimu58]

Reverse Citizen United, Campaign finance reforms, No PACs. No ads. otherwise it's just a bunch of wishful thinking.

[@christineschafer5282]

Your talk was very helpful - thank you !!

[@willparker9772]

This man is doing good work telling us this all the time. It needs to be said over and over and over again until it gets into our thick heads.

[@hemersoncabral6457]

What a simple and honest analogy Only if I knew before the election. Thank you

[@hhhmmm-zw6cs]

Brillant as always. Thank you Prof Wolff for another excellent lecture.

[@Sirflyingmustache]

Every single word here is 100% the truth and every American needs to listen to this. Go to the PBS.

[@lauriecraw5033]

Wish all the Trump voters could have heard this.

[@davidluckens3479]

Thanks,Prof Wolff

[@bcadams75]

Much appreciated Prof Wolff

[@jamespardue3055]

Mr. Wolf, what do you think the chances are that Elon Musk will cut Social Security and Medicare to try and lower the country's debt? I realize it's not supposed to be counted against the debt, but congress has been borrowing from it for decades. (Do I have those assumptions correct?)

[@adrianaserdanvazquez631]

Great lecture, thank you very much.

[@osamarajkhan1810]

Empires rise and decline for many reasons that are larger than the sum of their experiences, but one psychological factor that is often misunderstood is related to changes in attitudes - getting tired of the constant struggle of being and staying no. 1.

[@ynotamil]

Thank you, thank you, always a master piece. Why aren't you the president some asks? Well, you just said it. You questions the rotten system capitalism. That's why. But you can bet your last cent that a new Lenin is around the corner.

[@antiwarhawk]

Thank you professor 👊

[@sagavasa8547]

Need to remind that not after WW1 but even earlier after Franco-Prussian war Germany did introduced tariffs in 1870 and that helped them a lot to protect their economy and keep money invested inside of their country, but also bring more money by exporting competitive goods. Germany is a great example how country can rise from ashes partially by using tariffs.

[@josephschaumberg4136]

Thank you!

[@Aboomar.Abdelgany]

To witness such brilliance in plain spoke English is truly rare and remarkable

[@Nine-Signs]

Tariffs are painful. I live in the UK, used to be the case that buying anything off of AliExpress was VAT exempt, that all changed a few years ago and the mobile phone I purchased that was in your money about 160 dollars increased overnight to 199 dollars. What fun. -.-

[@mozartsbumbumsrus7750]

I'm a San Franciscan living in London for FUN.

[@Nine-Signs]

@@mozartsbumbumsrus7750 as a Brit, I can see you forgot the word sadomasochistic.

[@nthperson]

Tariffs were instrumental in deepening a serious recession after 1931 into a global economic depression by 1932.

[@mozartsbumbumsrus7750]

​@Nine-Signs I didn't say "sadomasochistic" because I'm neither. In fact, I never even paid the TV licence or taxes and stay away from British BS. Brexit freed me from employment and I continue reading, writing painting, performing serious high art classical music and learning. I've had more sex than most so what's not to love?

[@sagavasa8547]

Let’s just clarify something. Tariff is not an inflation. It’s type of tax on imports and it has been used wisely by Germany after WW1 to boost local economy and manufacturing, where local manufactured products become cheaper than the same imported products, where local produced product price will go up too. But the important part is how that tax collected will be used! You can send it back to consumers in way of tax breaks and subsidies, until local economy flourish! It is not a short term measure, but it will change US economy from consumption to manufacturing and in the end it will be positive thing, unless government decides to use that tax money for something stupid like waging wars, then the whole burden will be on people again!

[@drphosferrous]

In theory, tariffs could reduce tax burden and incentivise domestic businesses. Those both seem unlikely in our current reality though. There's are many reasons we don't have much manufacturing in the US and it's not a demand issue. I wonder how tariffs would effect toyota. A Japanese company with manufacturing in the US isn't really importing.

[@AsifKhan-bv3iu]

Fantastic presentation.

[@tech-search-zb3rr]

If manufacturing is outsourced to China and there’s a significant influx of immigrants, where do you think these immigrants will find employment? Likely in the same low-wage jobs that many Americans are already working.

[@alexzonneveld34]

Well said!

[@fellsmoke]

Time to end private money in our electoral process....public funding, public promotion, obligation to vote...the infrastructure needed too...

[@nthperson]

Better yet. Time to update the Greek system of selected legislators by lottery. The basic eligibility requirements would be a minimum age and successful completion during one's formal education of a rigorous civics program. Willing to serve? You put your name in the lottery. If selected when openings exist, you serve for one term after which you return to your private life. No fund-raising, no campaigns, no elections. Perhaps, just perhaps, deeper commitment to the public good by those holding office.

[@michellesmithunroe2463]

​@@nthpersonwhile holding office, elected officials must only receive the mean salary of their constituents on which to live with additional bonuses based on performance.

[@michellesmithunroe2463]

Way past time for that but the system is so far rigged against us when it comes to changing it in any way that benefits us and, apparently, becoming more deeply entrenched with each passing day that it's difficult to see meaningful change.

[@chupapi1283]

Thank you sir,for speak the true.

[@everettthomas2058]

The news should educate us -- just like you have done.

[@soccerjazz2022]

🤗 Thank you again for this clear overview, mr. Wolff. That yellow jacket is super ❣✌

[@joeyortega892]

Richard Wolff,love this fucken guy,got home from the bar after 2am started watching his show,I learned more then back I High School. Thank you Richard.

[@iart2838]

Thx soooo much

[@JanetteHeffernan]

Bravo!

[@peterkerruish8136]

Excellent.Thankyou.

[@blbeachin]

Look into the Baha’i Government for your answers, PLEASE!

[@ironsnowflake1076]

Just finished my third listen....the well-spoken truth nourishes the soul. Thank you.

[@davidpretiz4439]

Mr Wolf did not mention the turmoil and unrest in many Latin countries when the planes full of expelled people return to their countries.