Ask Prof Wolff: The Illusion of Woke Economics

[@notrueflagshere198]

"Enlightened self interest" is another, which Libertarians seem to like.

[@imadabbadi9665]

Or letting the banks "regulate" themselves. SMH 😒

[@surplusking2425]

Or much like failed Austrian painter insisted

[@notrueflagshere198]

@@surplusking2425 Failed painters and chicken farmers running the country would be an improvement over Neoliberals.

[@honkytears]

Who bails out the banks with tax money when those banks, due to making poor business decisions, should simply fail and go away? The gov't. And that's who you trust to regulate the banks? @@imadabbadi9665

[@honkytears]

“I have never understood why it is 'greed' to want to keep the money you have earned but not greed to want to take somebody else's money.” - Thomas Sowell

[@cartereducation1]

Fundamentalist capitalism analogy with fundamentalist religion is dead on! This is a great term to reshape the narrative!

[@honkytears]

Without capitalism, your parasitic economic model would have no blood to suck.

[@JohnAm-pp5iv]

Or when they label you as independent contractor and you have zero rights with them and they just chew you up and spit you out

[@DKSorg]

Poor Negotiation Skills.

[@jgalt308]

@@DKSorg Ignorance of the law.

[@Szcza04]

@@DKSorg I don’t think it’s negotiation it’s just blatantly violating labor laws

[@sten260]

so if there's a guy that comes up to me and tells me that he will wash my car for 10 dollars. Now I agree and I give him 10 dollars and he washes my car, then you are telling me I exploited that guy?

[@Szcza04]

@@sten260 you exploit a guy if you hire him under 1099 and give him no employee rights although he is your employee and not a contractor

[@faytelinegod9541]

Stakeholder Slavery 🤣 Great analogy.

[@kevinschmidt2210]

Sounds like Amazon and MalWart employees.

[@MrLouladakis]

Keep on the good fight dear professor I am with you!.

[@honkytears]

Yes, government needs more of our money. We can totally trust politicians to be amazing stewards of our income and someday, maybe sort of half assed solve the problems within our society that their policies have created.

[@sasho_b.]

@@honkytears Complaining about capitalism isnt an argument against communism, its an argument against capitalism, in case you dont know. A government that serves the needs of the few is not what we support. We support uprooting capitalism, and that includes its government, its police state, its monopoly on violence and on economic control, and replacing them with our own. Us, the people, those who work to survive, and that includes you. Now stop licking the boot like a spinless crab and realize you want exactly that, to not be at the behest of someone over you. Dont idolize your oppressor, sympathize with your fellow oppressed. Because whats worse than not recognizing the boot is blaming those under it, especially when to your boss you are a box of tissue paper for him to throw away as soon as he doesnt need you. Again, "muh government" just shows how much you hate capitalism, not socialism, a socialist government and a capitalist government are fundamentally different, as are a monarchy and a liberal democracy. And if you dont believe me, just start calling every ruling organization in the history of forever a "government" and see how bad of a descriptor that word is alone by itself. You dont hate "big government", you hate big CAPITALIST government, the only kind of governance you've ever known.

[@zeeleven9853]

“A part of the bourgeoisie is desirous of redressing social grievances in order to secure the continued existence of bourgeois society. To this section belong economists, philanthropists, humanitarians, improvers of the condition of the working class, organisers of charity, members of societies for the prevention of cruelty to animals, temperance fanatics, hole-and-corner reformers of every imaginable kind. This form of socialism has, moreover, been worked out into complete systems.” (Karl Marx)

[@arwenstrong2818]

So are the people bitching at Mr. Beast for his charity criticizing him from a communists angle? Because charity is at odds with communism?

[@zeeleven9853]

@@arwenstrong2818 this was written to describe those who believe that their actions can resolve world problems and the class struggle is unnecessary. I personally know a person, who’s an active member of the Green Party in Ireland and a head of NGO which tries to improve people’s life in Malawi, but he does not oppose private property for the means of production and still believes that there is a proper capitalism where “invisible hand” of the market can solve all problems.

[@CaioPeixoto1]

Thanks professor, for yeat another great lesson. That sounds like the old "capitalism with a human face", Fukushima style... Zizek also makes some great critiques to this approach, worth checking it out. Zizek makes an analogy to 20th century slavery, saying that the "best/most humane" slave owners were actually the worst, in the sense of perpetuating the system by impeding revolt and revolution, maintaining the status quo with no change for the enslaved.

[@thegreenemachine992]

Yeet

[@nicollaney]

The flaws of capitalism are the feature not the bug.

[@kevinschmidt2210]

True, because capitalism is the bug.

[@sean_haz]

So are the flaws of socialism unfortunately.

[@BlackAnarchist1992]

@@sean_haz Let me guess you’re still using that outdated 20th century definition instead of understanding what it means in the 21st century.

[@kevinschmidt2210]

@@sean_haz What are the flaws of socialism? We're always up for another good chuckle!

[@sean_haz]

@@BlackAnarchist1992 No, I mean what it means now also. In my view using force as a means of instituting and maintaining a system is wrong. I have not heard of any kind of socialism which does not involve some amount of coercion.

[@Christmosis]

The Anarchist definition of capitalism is defined around hierarchy. However, capitalism has a material definition. You can't have democracy unless you get rid of private ownership of the means of production.

[@jgalt308]

And since no sane person would find democracy a desirable system...and hierarchies are naturally emergent...you are now back to square one.

[@Christmosis]

@@jgalt308 No sane person would find late stage capitalism to be a desirable system. We can do better than this and we have to.

[@jgalt308]

@@Christmosis Unfortunately, late stage capitalism is meaningless without defining capitalism...just as all the other "labels" and modifiers are. BTW you have the correct definition...so what are the means of production?

[@t.m.2415]

The main problem with stakeholder capitalism is that it is used to argue, quite reasonably to it's own logic, that companies should be majorly involved in government decisions because they have a "stake" in the decisions of government, since they need to operate within it.

[@kdacuna]

Great segment 👏👏👏

[@sten260]

Don't look at things from the perspective of master and the slave. Every worker is a businessman, everybody sells something to others. If you are a janitor your business is moping floors and if somebody employs you, they are essentially your customer, not your boss. You are still your own boss and you can decline the offer. So if your customer don't need your services anymore, they stop buying it and then you have to find another customer (find another job). The price you can get for your service, is determined by the market, if your service that you provide is only worth $10 dollars per hour on average, then that's what you most likely get. Unless you find some customer/company that is willing to pay more

[@itsfreerealestate15]

Democracy: work or die

[@madamed5535]

Socialism: Do what we tell you, say what we tell you, think what we tell you, starve, tortured or Die

[@JGalt-em4xu]

You correctly describe how Conservatives like to harken back to some ideal past. Ironically when asked to concretize what they mean, they become vague and evasive. In this case, I suspect most conservatives would be horrified at the idea of the "company town;" so what "ideal" Capitalism do they have in mind? Often they try and answer with a personal anecdote where they thought Capitalism worked in their lives. It's not a serious systemic analysis, which is why I enjoy listening to good thinkers like Dr. Wolff.

[@blogintonblakley2708]

Company town... Did you know that more than half the US population dies in debt? They work their whole lives in a capitalist system and are in the hole to capitalists when they die. The whole country is a company town.

[@jgalt308]

Socialism doesn't have that problem as there is no ideal past to harken back to. And its present and future aren't looking to good either.

[@sotirmilivojevic6233]

Ideal capitalism is slavery - 0 production costs..

[@honkytears]

Cap@@SpillCheckerIsOverated

[@jacobtang8260]

Prof Wolff and the Democracy At Work Team 👍👍👍

[@unusualnoise]

Green Economics was the same move, albeit less aggressive in its day. "Buy Organic!" All while the US Gov defines "organic" for their needs.

[@normahamilton527]

The word "WOKE" is a Black sling term from 1920...the meaning of the word meant to be cautious...be mindful of your surrounding.

[@JGalt-em4xu]

Wow, so the term was culturally appropriated? The irony.

[@loveheals3173]

It has now become a slur for the right wing parties. I remember hearing the word in old school rapsongs and used in black american shows. Never thought it would evolve to this.

[@sten260]

what do you mean shareholders/owners take all the profits? wages get paid from the profits too, if you are a worker and get paid whatever you agreed then what's the problem? If you sell your labor for certain price, that's what you get, no more no less, no matter if the guy who hired you made a profit or not.

[@shainhaggadone9943]

Why is it I'm attacked for buying stocks in companies I like with my own money. Hello, yall can do it too. Stop hating. Learn the system. They want you financially ignorant

[@maria-luisagomez5120]

As a teaching faculty at Texas State University , in my 50s, dear Democracy at Work, if I were to share your stupenduous videos, show them to friends, or share them with neighbors -- I will be added to their unwanted list. YET, please know, I feel, modestly, that my students, in their 20s, are much more receptive. Still, of course, I do not dare, to share anything of yours with them.....

[@lisayoder5686]

You and me both. I am also a gen x-er who is out in left field (literally) from what our contemporaries are fighting for. We are, as the children of the 60’s hippy’s, I feel, are attempting to keep that spirit alive against a wall of those our own age attempting to maintain the status quo, burning the few ladders they found, behind them. If most of THEM would ever acted in their own interests, the status quo would be dying as we speak here. Pelosi worked hard to continue her legacy thru threats to ‘train’ AOC and the rest of them who claimed to want change, and they will continue THAT torch with the next batch behind them. Propaganda is a powerful tool against weak minds-especially the weak minds who consider themselves ‘better than’ and ‘smarter than’ the average bear. I’m quickly losing hope.

[@DKSorg]

Young People are naive -> Even Kamala calls them STUPID.... School INDOCTRINATE the Young Ones while their MINDS have not Fully Formed... -> Hitler used ACADAMIA to PUSH NAZIism -> Hitler targeted the YOUTH, got them to turn on their Parents.... -> Democrat & Liberal GOVT who PUSH National Socialism... are in fact Pushing NAZI ideals. --> NSDAP -> National Socilaist German Workers Party....aka NAZI ---> Mussolini & Hitler were BOTH Inspired by MARXISM

[@MrLouladakis]

you have your birthday!. happy birthday from me too!.

[@NoShiiitSherlock]

Thank goodness for this man

[@kawoqreign1111]

Thank you for saying this!!! Even though I'm a year too late. It's always seemed like a problem to me that there's hierarchies. So many issues with that, and it shows more apparently especially since all information and knowledge updates from time to time. But sucks when you're following instructions from 1986 because your boss refuses to change or share power. Ughhhhh.....

[@player627]

Every time Wolff says "profits" substitute the word "revenues" and a lot of Wolff's argument starts falling apart. Employees have a stake in the revenues of the enterprise. Which would prefer to be the source of your paycheck? The local community and local businesses have a stake in the revenues. The local, state and federal have a stake in the profits of the enterprise as they increase their tax bases. They also have a stake in the revenues paid as salaries and for local purchases as they increase their tax bases. This all happens whether the enterprise makes a profit or not.

[@清宮孝治]

I completely agree to Prof.Wolff's idea. There are so many quasi-Marxists, who want to reform the capitalist system in favor of the capitalist class. Could you tell me what the difference between logistics and dialectical materialism is? My understanding is that the former is similar to pragmatism, which never comes to the qualitative change but the latter does. Thank you.

[@jgalt308]

Why...he isn't going to answer you...this is a pay to play feature with a lottery added. ( see instructions in the show notes ) The lottery odds are getting better...as fewer people are paying...so this could be your big chance.

[@boombot934]

❤thank you❤, dear professor Wolff. People finally starting to wake up in part due to your relentless efforts😊

[@nohisocitutampoc2789]

Wolff la Always the Goat.

[@MrLouladakis]

the win this time will be on your side truly this time!.

[@PerryWagle]

I remain unable to reconcile the notion of "democratic enterprises" with the observation that almost half the country voted R. In theory, Democracy is good. In practice, it seems to degenerate. Hmm. Sort of like capitalism?

[@jgalt308]

We've never been a democracy and we are no longer a constitutional republic, nor have a capitalist economy.

[@PerryWagle]

@@jgalt308 You avoided my question.

[@jgalt308]

@@PerryWagle Just because you put a question mark and the end of a sentence doesn't make it a question. Your attempt is a false comparison, not a question.

[@PerryWagle]

@@jgalt308 And as a result, you spouted a number of boringly standard bullshit points that addressed nothing at all.

[@missk1697]

Capitalism can be duct taped and perfumed (Keynesism), but not truly reformed.

[@jgalt308]

Except that no reform is necessary.

[@michaeldenoia3069]

In future Ask Prof Wolff episodes, can you read the questions submitted to you? For instance (at 0:30) "she suspects that.." -- no issues with paraphrasing a question, I think reading her words exactly as she submitted them to you would enhance the content even more. It will also be respectful to the person who submitted the question.

[@rhorizon]

It's just capitalism. Stop trying to rename it to protect bourgeois ownership.

[@NazrawiTesfaye4567]

bashes people for saying woke, and 3 minutes in, he calls capitalism slavery.

[@suzanneharris8339]

The term "stakeholder" conjures up elitism to me. In a true democracy, aren't we all stakeholders?

[@jgalt308]

No...only the majority are.

[@scottluthy5828]

All employees should be stakeholders. Both parties are bought by the corporate rich and could care less about others welfare.

[@eddiekulp1241]

Woke economics are picking certain groups out and rewarding them at others expense

[@noheroespublishing1907]

Rebranded Capitalism is just Capitalism with a funny hat.

[@shainhaggadone9943]

Government controlled capitalism is what we have. It's not free market. It's a 2 tiered system like the laws in the oligarch States of America

[@JJJJ-ps3lj]

What people don't know is that countries like USA and Canada are neoliberal capitalist countries. In practice, neoliberalism means a few corporations, an oligopoly, effectively runs the government. The textbook definition of neoliberalism is globalism, but in practice this is not the case. In practice, a few rich American corporations oppress the world via de factor rule, because their influence on politicians is gigantic. This comes from the naivete of those who think libertarianism, which is mostly based on the mainly incorrect ideas of the likes of John Locke and other European thinkers who mistakenly thought the particular society they lived in during their life time was representative of humanity, is good. Libertarianism just weakens the state, which leads the rich born to hijack the state and become worse than most dictators, which is what is going on in countries like USA and Canada. Even the most horrible dictators like Saddam at least provided some basics to their people, but these North American corporations, who in practice run both the left and right win parties in those countries, don't care if millions die or the entire earth gets permanently damaged if it means a single penny more in quarterly profits. They divide people based on race, religion, gender, while both left and right wing politicians pander to the neoliberal yacht accumulating capitalists while exploiting the labour of the common hard working people, while reducing quality of life. First it was the exaggerated Soviet threat, they pretended the likes of Cheney or Bush or Trump or Clinton dynasty or Epstein or Bezos are the same as the average American, meanwhile these are all neoliberal capitalists who damaged Americans more than any soviet leader or person ever did or will, then there was the manufactured war on terror you are either with us or against us nonsense. And now they are turning to increased polarization via gender and race wars to divide people and get people to pick a sports team biden shoots he scores biden 1 trump nothing meanwhile both biden and trump are neoliberal capitalists who continue having the labour of the hard working American be exploited while those with generations of rich fathers get to accumulate more yachts while not paying a single penny in tax. On top of that they sprinkle consumer culture to lower the intelligence of the masses even more. And that is why every 4 years people willingly line up like herds of sheep and continue oppressing themselves by willingly voting for their oppressors, see sawing between 2 sides of the same coin neoliberal capitalist parties.

[@lesliehourihan600]

Brilliant..

[@Dustin_Bins]

I hope Professor Wolff does an discussion on the De-Dollarization that's occurring now. I did a search using various terms to find an anti-capitalist talk about the economic effects of the de-dollarization of many countries and all I could find was non-serious, pro-capitalist ideas; stating that everything is fine, which it's not

[@jgalt308]

Try Michael Hudson...

[@danieldegracia1690]

Good Old Fashioned capitalism. "Hahahaha hahahaha hahahaha hahahaha", that was fun.

[@janlindkvist154]

Thank you Prof. Richard Wolff for the outstanding lectures❤. You educate this world to be a human and better place to live in, you save us from grim and sick capitalism.❤

[@juniorgod321]

Yeah..it's just too bad that even though he only talks about the workers not having to vote on how an enterprise is run, he never talks about how the expenses to run the businesses are not shared democratically, right? It's like he only wants the workes to have the advantages of running a business but none of the liabilities, right?

[@ArtAristocracy]

Love

[@margaretzagarolo7063]

Thank you for your WOKE explanation. Could you explain "gerrymandering" how, when and why. And how it manipulates voting results.

[@scottluthy5828]

Woke economics will never succeed. I agree with you, professor about cooperative economics. Communism , no. But worker cooperatives, absolutely.

[@ac27934]

I would LOVE to see Prof. Wolff do a Klaus Schwab impersonation, talking about "stakeholder capitalism". 😂

[@kittiepride7772]

After the recent updates regarding BRICS what is your stance on the US Dollar now?

[@jgalt308]

See instructions on how to pay to play the question lottery in the show notes above.

[@vintagevibes1974]

Ethics is lacking in all 4 of the limited models people so passionately argue over.

[@HaHaHa-mt8di]

“ Democracy means if you’re affected you get to participate” - what makes you think you are an authrity on “democracy” to make this statement? What makes you think that “democracy” is something in the category of “good” in nature? I do not see evidence of that. Lived in SU for 32 years until it collapsed in 1991, live in US since. Have to admit, you are a good speaker, I admire your ability to speak…

[@matthewingerson]

Autocracy: Some of us get what we want & some of you won't get what you need. Addicts like you: 🤑🤩👺👹 Democracy: Everyone will get what they need. No one will get more than anyone. Addicts like you: 😨😰😢😭 🤡 ⬆That's you. You're the clown.

[@rosemaryporter5771]

Created culture in their own image!!!!

[@lizthor-larsen7618]

The question now apparently is, "What is the difference btwn Trump's imperialismism and and Joe's democracy?"

[@pelonete5000]

Hey dude! Why don't you go to live to Venezuela for example. Take your "hard" earned money and start a business (thing that I'm sure you haven't ever)and make all. your employees your partners and let them decide with you how to run that business, and you let us know how it went, ok?😄 BTW, a slave has no choice on what to do regarding his master. A worker in a free society is able to decide wether to accept the work or not!!! It is very easy to express ideas from a desk but they have to work in the real world.

[@annohalloran6020]

Please remember to eat right and take rest. Laborers must have enough sleep. Your poor body can only regenerate when you are asleep. Resting with a screen does not count.

[@hugotrevino2565]

Slave’s are not the same as employee’s. I always hear Socialists complain of how the enterprise owners take the profits of the laborer’s… but I have never heard a single Socialist address the RISK of the enterprise owner. These socialists have never stayed up all night figuring out how to make payroll, how to reduce costs, how to provide a more competitive service or product. If you’re going to talk about the nastiness of the “burgoisee”, at least have the experience of running a lemonade stand.

[@cyrusabasi7141]

Thanks professor for the excellent analysis!

[@urkoape]

woke economics means you dont get any money just great salutations

[@thespacecowboy420]

happy fun time forever

[@fernandoesteban2345]

Deodorizing capitalism doesn't change its basic nature. It favors the owners of capital gained through pillage and violence.

[@jgalt308]

What is capital? By what means is it acquired? Given that it is one element of the "means of production", what is produced by it?

[@Flex385]

Man, I like this guy... "..the problem is that they are slaves"

[@jgalt308]

just another word whose meaning has been distorted.

[@matthewingerson]

Chattel-slaves, debt-slaves, and wage-slaves: the wealthy-class right-wing Capitalists (and the working-class right-wingers, for that matter) don't care which kind of slave each of us are. They have addictions that need servicing. They don't care if we're in metal-chains, concrete-cages, or cardboard-cubicles. You'll service their addictions one way or the other, or they'll make sure you end up in a wooden-box. There are plenty more forced-birth slaves coming after you're gone. The entire goal of the wealthy-class right-wing Capitalists is to remain lazy and addicted -- whether they achieve those ends through a system of master vs. slaves, lord vs. serfs, or employer vs. employees, they do not care. They don't care how their lifestyles are achieved, so long as they don't have to do very much, and certainly no manual labor.

[@pebblepod30]

I like that Wolfe is using the term "woke" in a negative way, as it should. It started being used originally to display virtuenor moral superiority to others & gaining peer approval for showing how "anti racist" one was & things like that, when it was actually extremely racist, just in a COOL WAY. Same with woke economics, it's cool & fashionable, but it isn't helping the working class be equal in power & resources to the capitalist class.

[@jgalt308]

The class you are referring to is NOT capitalist.

[@pebblepod30]

@@jgalt308 I didn't say they were, but half of them are, or at least those in some corporate jobs or heading corporations.

[@cdoedayn]

Mic drop

[@thomasjoyce6087]

Peterson is a potential ally on a number of issues, but his understanding of communism and marxism is ill informed. For example Mao himself opposed the "capitalist roader" Deng Shao Ping who eclipsed Mao's supporters and put an organized communist party in charge of a capitalist system which has actually made amazing reductions of poverty in China. Secondly, Stalin's leadership enabled the Soviet Union to defeat German Nazism and cost the lives of 28 million Russians. Additionally, Mao was instrumental in defeating Japan in China at the cost of 30 million Chinese lives. A sacrifice of 58 million in support of the Allies to defeat Fascism by both countries as opposed to 400,000 US deaths. Without Marxism and Communism we would all have been goose stepping into the future.

[@kevinschmidt2210]

No two people can agree on the definition of any ism. However, there are general characteristics that almost everyone can agree to.

[@itsoktobehappy461]

This may be a stupid question but I don’t understand how a country does the conversion from a mixed economy like the USA or Canada into a socialist country. Specifically, if the means of production are under private ownership, does the government buy them out somehow like eminent domain?

[@defro125]

In the UK, Corbin floated the idea that workers could have the opportunity to buy the company they work for if the owners attempted to sell it or move outside of the UK. The government would provide a loan for them as the enterprise transitions into a worker's co-op. There are many ways to skin this cat, but any transition will meet insane resistance.

[@jgalt308]

@@defro125 Why would government funding be required? If the business has value...and credit, the owner could set the terms... assuming the "workers" could produce the best offer.

[@sten260]

you can do that already, most large corporations are public companies. So you can save up the money or take out the loan and buy their stock. If the company does well in the future you get dividends or stock appreciation, if it does bad you lose your money. We already have such system, but not every worker wants to own the company and go down with the ship. It's much better to earn the wage and if the company goes bust you can just leave , you don't have to sell your house to cover your debt or anything. It's just too risky

[@itsoktobehappy461]

@@sten260 it’s too risky not to invest in companies. Inflation will destroy your purchasing power if it sits in a cash position. Average workers can build millions in wealth by simply investing regularly in the SP500 over decades and that’s done by putting in the minimal effort.

[@sten260]

@@itsoktobehappy461 for the past 2 decades that's true, but it might not be true in the future. SP500 is not a guaranteed way to make money. Especially now we have inflation + higher interest rates, usually stocks don't go up much in such environment. We haven't had high interest rates for 20 years. Or maybe different kind of stocks do well, that might not be in SP500 which is heavy with the tech stocks.

[@paulleeman4073]

You tube are no longer providing updates from you on my youtube

[@honkytears]

Question: Why do you believe governments should have more of the money the people have earned through labor, invention and license, without the gov't having done anything to earn it other than exist and create a hundreds years track record of being terrible stewards of these ill-gotten funds, funds that were taken from the people by threat of force? Why don't you instead advocate voluntary socialism, where people can freely choose to pool funds and effort (without the corrupt political class parading as a necessary middle man) to assuage whichever of society's ills they see fit, at a lower cost and with more accountability? It seems that a decentralized system that puts the power literally within the hands the people, including the ability to make critical decisions on how hard earned funds should be used, coupled with real legal consequences should said funds be misappropriated, would be highly preferable to a centralized, voiceless, the people "get" to vote for change every 4 years but never in a lifetime see any change type of system. In a voluntary and decentralized socialist structure, people would have the freedom to withdraw funding from entities whom they feel aren't properly delivering on their promises, and give those funds to a superior cause, allowing for the fastest possible solution being sought. This approach allows for competition (and therefore better outcomes at better prices) personal financial autonomy and accountability for those utilizing the funds, none of which a centralized system offers. Why do you and your fellow Marxists instead continue to advocate for centralized consolidation of wealth within the confines of government and the .0001% of the population who get to control these funds, which were taken by force and were taken by an entity without the moral or contractual authority to do so (otherwise known as theft), and an entity whose politicians pay no price for fucking up or being outright criminal with said funds? Why support a system that doesn't give the funders a true, real time voice, or any control whatsoever over how their money is being used? Seems like a small minded, slow churning, power hungry approach to me. It is certainly not one I and many like me have any interest in.

[@rosemaryporter5771]

What does IN GOD WE TRUST mean? Religious from Apostle Paul Romans 13:1 OR political referring to trust of economics and prosperity only from God... When does mean " peacefil and qiiet living"?

[@mikebelbin]

Woke slavery? Some of the overseers, book keepers and even owners need to be just white men but a diverse group of people. And some of the slaves can be white too. I mean we've got to give disabled transwomen the equal right to be whipping the slave as well as the one whipped!

[@carlcummings2820]

Thank you for your thought for responses.

[@colonel__klink7548]

@5:35 But.... the key thing about slaves is that they don't have a say isn't it? Slaves historically have often even received pay and yes, even bought their freedom with the little pay. The thing that makes slavery, slavery is that they don't have a say. So if you suddenly gave everyone on the plantation a say, therefore the right to decide what they will and will not do..... are they slaves? This seems like silly and pedantic but lets take the proposed alternative, socialism. The key arguments for what socialism is are 1) the workers own the means of production. 2) The workers will get the full value of their labor. Now, #2 is a flat out lie. Outright blatant, in your face lie. Society will never, ever, ever go back to subsistence labor so get that idea straight out of your head. There WILL be a surplus that those producing it will not receive, full stop. As we saw in even the example of Yugoslavia, there was productivity beyond what went to the factory worker as evidenced by the social services, infrastructure and even the military Yugoslavia was able to support. This is important to address as it brings back to number 1. The reason why this discussion came to a comparison with slavery is Marxists often view little difference, you work or you starve because "the workers" do not own the means of production. I find Marxists usually characterize the current work dynamic to be only different than slavery in shades of grey. What happened to able bodied men in Yugoslavia or the Soviet Union who did not work? They did not get anything. So the dichotomy was still "work or starve." But you might say "at least they shared ownership of the workplace!" No, evidence of that would be where the surplus goes, which it did not go to the people producing the surplus. It went to "the workers", aka all of society, but not really all of society. It went to a few influential men to determine how society would benefit from it. The owners, the bosses with new titles instead of the old titles. This is the thing, a class, a body of people does not possess a mind, individuals do. So therefore the people who ostensibly rule for that class are NOT that class, they are RULERS. They are kings with different names. Proof of this? The Soviet Union, ostensibly "owned by the workers" sent probes to Venus, spending astronomical resources and the greatest minds to do it before even building a toilet paper factory for the workers. Consider for yourself, if the workers truly owned their workplace and therefore decided where every ounce of it's production went... would they have spent all those resources on a glorified project of self aggrandizement... or spent the resources on giving themselves better homes than the supposed-to-be-temporary Kruschev-blocks, the Khrushchevka or even just toilet paper? I'm not saying this to say that the people of Yugoslavia or the people of the Soviet Union were tricked or scammed. No, I firmly believe that the great leaders of both of those empires (multi ethnic states) truly believed in the project and truly wanted to give the workers their due. But here's the thing... by being leaders they were no longer workers. You can play silly semantic games but the dichotomy still remains. There were people who did the building and those who planned the building. No grand dialectical synthesis of the two sides. Even in Yugoslavia with far far more democracy in the work place this was the case. This is just the nature of human society, we will have leaders and those leaders will make decisions and therefore they ultimately control where the resources of society go. The key difference really seems to be.... Should power in these leaders be centralized or should it be diffused. The USA is very much like feudalism, the entire system every level is designed to be at war with itself. If you listen to Americans, what they really complain about in this it's concentrations of power. The game of feudalism winding down and too few gathering too much power that isn't broken up into smaller estates again. Marxism by and large seems to think that the concentration of power is a good thing. It makes sense on one angle. Diffusing power means that the only thing the power is used for is conflict. If you centralize power then it can choose to do things other than fight for power. However what it might just decide to do is send probes to Venus instead of giving you toilet paper.

[@billfrenger8955]

Thank you Professor Wolff. Perhaps Adjectives and Labels have Propaganda Power?

[@jgalt308]

Perhaps? They are distractions...designed to avoid exposing the "truth"...

[@milutinmimic]

SchwaB - DJs in a Row

[@normahamilton527]

Unfortunately, Prof. Wolff doesn't know the true meaning of the word either...

[@jgalt308]

He has the same problem with all of the words.

[@operaguy1]

Marx glancing in says, "agreed. You are going to have to destroy private property, just like I said."

[@ratatouille941]

Brilliant! THANKS! Hope to have you many more times! Unfortunately, experience gives Us the confirmation: capitalism can't be fix or adjust to Our daily reality . Let's try to find the courage to disect and face it. Think there are many better ways to build a more human society.

[@jgalt308]

Yeah, you can be a slave to the state...oh wait, you already are.

[@khalidahmad3035]

As a CEO in the nineties I always took into consideration the commitment of the workers as a form of stake in the companies and significant portions of the company profits are channel as bonuses or addtional workers' perks and benefits.

[@Synerco]

And in the 19th century there were plenty of hereditary dictators who were sure they used their power for the good of their subjects, but just like you, they had no way of synthesizing all the interests of those who were at their mercy, and more importantly, all but the most submissive of people agree non-domination is better than paternalism. It's impossible to be a good king because it's unacceptable for subjects to be at a kings mercy, and it's impossible to be a good slave owner because it's unacceptable for slaves to be at their master's mercy, and it's impossible to be a good employer because it's unacceptable for employees' livelihoods to be at the mercy of an employer. Moreover, the notion that those with unaccountable power can generally use it for good requires humans to be intrinsically good and altruistic. You ever hear someone say socialism doesn't work because it's against human nature? That it requires people to be intrinsically selfless? Well, that logic is actually backwards! The more you worry those with unaccountable power will abuse it, the more you should want the most equal distribution of power possible. If we were all angels who could do no wrong, then the arbitrary domination intrinsic to capitalism, feudalism, and slavery wouldn't be quite so bad. But humans are selfish and prone to abusing power, so we should be socialists.

[@jgalt308]

@@Synerco Self-cancelling nonsense.

[@Synerco]

@@jgalt308 Self-cancelling? What?! Do you think I'm a king, slave owner, or employer?

[@jgalt308]

@@Synerco Self-cancelling = self-contradiction And clearly, you are NOT any of those...what "victim" could be.?..and given your characterization of "human nature" no one would be qualified or competent to occupy those positions, nor would any aspiration to any position of leadership be morally acceptable. This would seem to leave you with "followers"...with no one to follow. Or the reverse.

[@Synerco]

@@jgalt308 So, the logical fallacies you committed are Non Sequitur, Strawman, and False Dichotomy, in that order

[@ArindamDutta-gi9xc]

Sir such poweŕ minď blòwìnģ

[@rogersmith7396]

"Woke" is ambiguous to the point of meaninglessness. It means what ever you want it to mean.

[@BlackAnarchist1992]

The actual term woke comes from the black community so don’t get it twisted.

[@rogersmith7396]

@@BlackAnarchist1992 DeSantos never opens his mouth without saying it.

[@normahamilton527]

No, it doesn't. It was a Black sling word from the 1920s that has been co-opted by Whites to mean anything they want it to mean. But it has a special meaning for Blacks. Know your history!!!!!

[@BlackAnarchist1992]

@@rogersmith7396 Desantis is an idiot and I know firsthand cause I live in this state.

[@jgalt308]

Most words have suffered that fate...

[@vansdan.]

loved you on H3! hope to see you back on soon!!

[@NazrawiTesfaye4567]

the same terms, you also use adjectives as a way to demonize capitalism. stop talking about illusion, and show us a realistic and applicable economic model. then we can see whats better.

[@mariogomezcortez9901]

What are we taking about? Lassiez faire capitalism? Or Leninism? Im confided a tiny bit . Someone enlighten me please

[@stephen_pfrimmer]

trickle up

[@kofeesala23]

Humans have both individual and collective needs, which is clearly our nature. Apparently, both 100% collectivism and 100% individualism are wrong. I just could not understand why in the 20th century we developed the most left and right ideologies after having lived on this planet as a civilized race for more than 10 000 years.

[@jgalt308]

You make "civilization" sound so "civilized".

[@joewilder]

Not being sour please, but where are these concepts successfully being put into practice?

[@breft3416]

Certainly not anywhere the rich and powerful can separate you from your money in the extreme. Seek a list of employee owned companies in the USA.

[@rhorizon]

China

[@feruspriest]

​@@rhorizon ...no.

[@bluewater454]

Never defined the term “woke”, much less what “woke economics” is. How do you have an intelligent conversation about something that you can’t even define? Seems to be a common thread in this channel.

[@missk1697]

Because it's just a label, much like judeo bolshevism

[@bluewater454]

@@missk1697 obviously it is a label, but labels mean something. If there is no real meaning attached to it then why talk about it? If it does mean something then define it. What is woke? And what is woke economics?

[@BlackAnarchist1992]

The actual term woke comes from the black community which basically means being enlightened or aware of how society actually works. So simply put actual woke economics would be a direct challenge to capitalism.

[@bluewater454]

@@BlackAnarchist1992 So it is a colloquial term used to describe being aware of whatever issues you believe are relevant as a leftist. So I would assume that “woke economics” would be those who believe in woke ideology using their money to further their cultural ideas. For some back people I suppose it would be what they perceive as systemic racism. I see nothing illusory about that. It is just people putting their money where their beliefs are. It is still a free country(for now). People can use their money as they see fit.

[@Krooksbane]

@@bluewater454 Woke. To be aware of, concerned about, and willing to change various injustices within our society and economy

[@clarestucki5151]

More appropriate for Wolff than "woke economics" would be a comment on "Joke Economics". That's when you preach far-left political ideology and claim it's "Economics"!

[@matthewriley5819]

Wolff has been a professor of economics for over half a century. He likely knows more about "normal" economics than you do.

[@blogintonblakley2708]

You have a degree in economics?

[@timc1604]

@@matthewriley5819 He definitely 💯 knows more about orthodox economics than Clare.

[@clarestucki5151]

@@blogintonblakley2708 Yup

[@clarestucki5151]

@@matthewriley5819 Yeah, you mean like his notorious quote that "Monopoly creates competition, and competition creates monopoly"?? The single dumbest proclamation EVER MADE under the guise of the "dismal science"!!!

[@michaeln.2383]

Richard doesn't acknowledge that that top talent is hard to find, and woke eliminates top talent in favor of equal representation. He also doesn't acknowledge that a corporation doesn't exist for social justice. Social justice isn't the duty of capitalism.

[@SajidM12]

What a brain dead take. You think all the most talented people in their respective fields are not employed or not promoted because companies want better representation?

[@michaeln.2383]

@@SajidM12 That's the take from opposing videos, and they aren't brain dead.

[@breft3416]

Say what? Social justice is the duty of capitalism? Thinking you may mean it isn't the duty of capitalism, it's also not their duty to buy legislature that essentially has turned away from capitalism into socialism for the rich. And given what executive management actually does, top talent may as well be cleaning their fair share of toilets. Woke is nothing more than a reaction to right wing craziness. Marketing swings it from left insanity to right insanity to protect socialism for the rich. Just the arithmetic alone says this. Top talent? Bah!

[@michaeln.2383]

@@breft3416 Read the edited version of the last sentence closely. I think you're saying that capitalism is evil, but socialism isn't. That's for another video.

[@ericpreston8877]

@Michael N. You're exactly the target audience for Jesse Halls' "Hands" ad, lol. "Top talent" goes nowhere regardless of whether or not minorities are promoted. Capitalism is always and everywhere a grift: those with connections make it, those without do not.

[@jgalt308]

So capitalism is? Still waiting for an actual definition...

[@BlackAnarchist1992]

You can’t be serious at this point

[@marctemura2017]

Yes, but you know J GALT, who is the father of modern day economics. We know if we talk about Socialism, or Communism it Karl Marx, he even has a manifesto, but who is the father of modern day Economics? And does he have a manifesto as well?

[@ericpreston8877]

Generalized commodity production for exchange.

[@James-os9ku]

I'm inclined to believe that your incessant ,unending trolling on this channel is due to genuine ideological conviction and from what you see as Karl Menger's decisive refutation of Marxism. I think you legitimately believe that stuff. Here's the thing you see ; you're operating within a subjective ideological abstraction which lapses outside the remit of materiality yet you have internalised that at the ideological ,sociological and philosophical level and see that as reality. I know you think it's real but that doesn't make it real.

[@jgalt308]

@@ericpreston8877 By whom in exchange for what?

[@TC-eo5eb]

For anyone to compare capitalism and current U.S. employer / employee relationships to slavery is just plain ignorant, disgusting and shameful. Slavery was repulsive and a sin on our nation and the world. Slavery in the U.S. was abolished in 1865. No living U.S citizen is living in slavery period. Wolff should be ashamed of himself for his frequent use of the term slavery.

[@BlackAnarchist1992]

In terms of relationships Wolff is absolutely right as there is a small minority who holds more power than a large majority and to imply that capitalism isn’t disgusting and shameful in its built in instability is interesting to say the least. If you seriously think we don’t have U.S. citizens living in slavery I’m here to remind you that the 13th Amendment still exists.

[@adamromero]

There are different forms of slavery, chattel slavery being the one that most Americans associate with the term. So he's not wrong.

[@chuckleaf8027]

Hes a smear merchant... like most SLANDEROUS leftists.

[@kevinschmidt2210]

@@chuckleaf8027 Not to be confused with most SLANDEROUS rightist smear merchants.

[@kevinschmidt2210]

Capitalism created wage slavery, as well as for profit, prison wage slavery. To deny that, "is just plain ignorant, disgusting and shameful."

[@oscarjones5297]

This dude always is thinking Walmart type business...his narrative is broke with smaller business

[@blogintonblakley2708]

So you are saying that kittens DON"T grow to be cats? Just because a business is small doesn't mean the owner isn't taking the profit and telling everyone else in the business what to do. I get that owners think that is great. But then they are doing the work and they get to take the profit. So why wouldn't they be happy?

[@oscarjones5297]

Then don't work there if u don't feel that you are paid fairly..start ur own biz

[@span218]

I'd love to see Jordan Peterson tell a joke , he's always so serious ! 🦘🇦🇺

[@IOWAANON]

Commie economics!!! Lol