Economic Update: Noam Chomsky on Fragile US Empire

[S12 E30] Noam Chomsky on Fragile US Empire
In this week’s show, Prof. Wolff gives updates on US freight workers strike preparations; progressives and labor targeting municipal government; Chipotle store-closing to stop unionizing, and Occupy Wall Street's "Debt Collective" $5.8 billion student loan forgiveness win. In the second half of the show, Prof. Wolff interviews Noam Chomsky on the decline and fragility of the US empire, the role of US military, and the rise of fascism as a coping mechanism.
**Economic Update with Richard D. Wolff is a @democracyatwrk production. We make it a point to provide the show free of ads. Please consider supporting our work. Become an EU patron on Patreon: / economicupdate and help us spread Prof. Wolff's message to a larger audience. Every donation counts!
A special thank you to our devoted EU Patreon community whose contributions make this show possible each week.
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About our Guest: Noam Chomsky was born on December 7, 1928 in Philadelphia, Pennsylvania. His undergraduate and graduate degrees are from the University of Pennsylvania. He joined the staff of the Massachusetts Institute in 1955, retiring as Institute Professor after 60 years, and taking a position as Laureate Professor at the University of Arizona. He is a member of many professional societies in the US and abroad and has received many awards and honorary degrees. He has written and lectured widely on linguistics, philosophy, intellectual history, contemporary issues, international affairs and U.S. foreign policy, and has been engaged with many activist movements in the US and abroad.
Latest book out August 30: The Withdrawal Iraq, Libya, Afghanistan, and the Fragility of U.S. Power published by New Press
Website: chomsky.info
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NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff is now available at: www.lulu.com/
“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”
Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly www.lulu.com/spotlight/democra...
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SOURCES FOR SHOW SEGMENTS:
1. Freight rail workers: www.nbcnews.com/business/rail...
2. Municipal government: capitalandmain.com/in-the-fac...
3. Chipotle: finance.yahoo.com/lifestyle/c...
- www.foodandwine.com/news/chip...

[@tammyburke9453]

Both of these men are living icons. Major respect.

[@S41GON]

Educated idiots only. They say important truths about American foreign policy, but have tunnel vision when it comes to domestic leftist/liberal policy failures.

[@ZealothPL]

60% spike in deaths in workplace should be grounds for jail time for the CEO, I'm at loss for words. This is basically manslaughter if not 2nd degree murder...

[@markuspfeifer8473]

1 accident per million workers and year goes to 2 accidents per million workers and year. increase is 100%. would we demand the head of the CEO for that? (I mean sure, we should demand the heads of all CEOs all the time, but not bc of relative numbers, but bc they're our unelected rulers)

[@usa-empireis-dead227]

CEOs and all thier children should be killed! Wipe out thier entire lineage to purge greedy exploitive pure evil people off the face of the Earth!

[@rogersmith7396]

Like most US business under Wall Street domination I think they have reduced numbers of employees and make the remainder do 3 or 4 peoples jobs. When you are working with rolling stock that weighs hundreds of tons the results are bad. The railroad has always been a very dangerous job. My understanding is part of the supply chain problem is that large amounts of goods are backed up in rail yards waiting to be shipped. The railroads are no doubt working their employees to death.

[@numbersix8919]

@@markuspfeifer8473 Fatal railroad accidents have always been much higher than 1 per million workers per year. I know you were using a hypothetical example, but just saying. The deaths are usually quite horrific as well.

[@haleybrown2836]

Little known fact: In August 1923 German workers held a general strike. Nothing worked, moved. The Cuno government was gone within days.

[@willcharles5493]

When I recommend this program, I always say, “Come for the Marxist analysis, stay to hear Wolff pronounce ‘chipotle.’”

[@davidalvarez7262]

Poor Richard Wolff someone give him the memo how to pronounce it 😁

[@c.p.haslop2500]

Obviously, Prof Wolff has never stepped foot into a Chipotle restaurant. Pity. Their burrito bowls are to die for lol

[@dramirezg70]

🤣

[@Inquiringmind0]

And Patreon. Someone needs to tell him it's pronounced "Pay tree on", as in patron or patronage.

[@i.t9390]

@@c.p.haslop2500 Maybe I don't know what to get but, Chipotle bowls are terrible! Always so cold and the sauce is the worst, try some real authentic Mexican food

[@AxiomBlurr]

Appreciate both Prof Wolff and Chomsky an incredible amount, I hold both in the highest esteem and aim to emulate both in their consideration, dignity and honesty. Thank you sooo much Prof Wolff. With Love and respect from Australia.

[@nochepatada]

Chomsky is a shell of his former self. 1980s Chomsky would destroy this Chomsky in a debate

[@kirstinstrand6292]

@@nochepatada is Chomsky 100 yet?

[@shaheer151]

@@nochepatada you got that right...sad to see him giving simplistic and often wrong answers these days.....even 10 years ago he would not have said what he is saying here..

[@The.Ghost.of.Tom.Joad.]

@@nochepatada Isn't that like like saying that the Charles Barkley of the '90s would destroy the Charles Barkley of today on the court? The funny thing is, Barkey's now a superior NBA analyst that his 20-something self. Could there be a similar dynamic at work with Chomsky? Not as fiery as he was in his prime, but with deeper wisdom and insight? Just askin'.

[@nochepatada]

@@The.Ghost.of.Tom.Joad. I agree with that metaphor a lot. Charles Barkley was a bad ass who threw elbows and used to say "I am not a role model." Now he's a talking head for a cable TV station who does and says what he's told. He doesn't go against the grain. He could definitely get crushed by his former self in issues that matter but he can talk a good game for the television audience. Didn't Chumpsky tell everyone to vote for Joe Biden? RUFKM Joe Biden?

[@willeisinga2089]

Noam Chomsky. I studied Mathematics of Language by Noam Chomsky. My Professor was a Fan of Noam Chomsky. Late 70s. I never forgot Noam Chomsky and his mathematics. And now I meet Noam Chomsky Again. Thank you dr Wolff. Did not know he still is active. Good Work.

[@mp7161]

I recommend you to search his name on KZbin. He has a few interviews given during these years.

[@madprole5361]

Check out him getting schooled by a high af Foucault in a debate. It's fun.

[@alexissercho]

Noam is an activist, he never stopped. You just decided to forget about him.

[@willeisinga2089]

@@mp7161 ok thanks

[@James-os9ku]

@@madprole5361 Would you mind elaborating on how Foucault , in your estimation , schooled Chomsky in that debate ? I've seen the debate in it's entirety enough times now to understand both points of view but I just don't see how what you say happened - happened. I'm all ears to learn , however.

[@cherubimcherubim9515]

The U.S. has invaded or bombed dozens of countries and supported nearly every single right-wing dictatorship in the world since the end of World War II. It has overthrown or attempted to overthrow dozens of foreign governments since 1949 and has actively sought to crush nearly every single people’s liberation movement over that same period. It has also meddled in scores of elections, in countries that are allies and adversaries alike.

[@SetTrippin82]

Perfectly put and well said.

[@sylviewalker7560]

Ruling class has always dominated labor...when allowed to do so. Strike, demand, need universal health care, education and shared profit specifically for all. DNC and RNC have simply decided to split a 'monarchy' that owes Corporations not Citizens.

[@nochepatada]

Sounds like you have a problem with American style "freedom"

[@coolmodelguy6304]

@@nochepatada - Yes, because "American style" freedom is simply slavery by another name. We all are bound by debt peonage to the 1%, who have rigged the economy so that we can never escape slavery.

[@padmakumar6081]

True... Africa Latin America Middle East. And now south Asia...

[@blogintonblakley2708]

If you are going to strike, just strike until you run the company. The company will play rough... as they are in the habit of doing in US history. But if you hang in and win, you change the rules for the entire workforce. Not just train people. This is precisely how the USA got a forty hour work week by statute.

[@ZealothPL]

I think people will have to ditch the lib brained deference to the rules. Anything that actually can be effective for working class power is already illegal or gets immediate court injunctions against even if legal, meanwhile companies flagrantly break the law and nothing happens to them

[@rogersmith7396]

If the NLRB would get off its ass this shit would'nt happen. It truly is a depression founded socialist organization which Republicans have gutted over the years.

[@blogintonblakley2708]

@@ZealothPL Lib brained? Only liberals pay deference to rules? Pretty sure that's wrong.

[@georgefurman4371]

The most important and missing in the battle for democracy and the keeping of the conquests made possible by the new deal. The working class most powerful force is among the great industry unions . They are the ones that are supposed to become the vanguard of the people's rights struggle and the leverage against the forces of the wealthy class. We need them to take a stand for the people and for democracy.

[@The.Ghost.of.Tom.Joad.]

Right? I love it when people I work with complain about unions, calling them "unAMerican." Mostly parroting Fox News and right-wing talk radio talking points, it seems to me. I ask them how much they like their 40-hour workweek and overtime. Then I point to HOW we Americans got those benefits: by labor leaders like Eugene Debs, Mother Jones, and Samuel Gompers informing and agitating rank & file union members into action.

[@kashkat987]

So we're going to spend $700b to solve the inflation problem....? You have to respect the audacity to name a bill with $700 Billion of new spending the "inflation reduction act"

[@TruckeeFam]

With inflation currently at about 9%, my primary concern is how to maximize my savings/retirement fund of about $300k which has been sitting duck since forever with zero to no gains. Sure I'm all in on the long term game, but with my savings lying waste to inflation and my portfolio losing gains daily, I need a remedy asap.

[@MatthewVinson]

@@TruckeeFam Building a good financial-portfolio has been more complex since covid, so I would recommend you seek a professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

[@IAMBETTERTHANYYOU]

@@MatthewVinson That's right, I started investing sometime in 2018 and by late 2021, I pulled out a profit of over £750k with no prior investing knowledge or skill. I was basically just following the guidelines set by my financial advisor. So you don't necessarily need to be a perfect investor or do the hard works, just have a Financial Market Pundit who guides & mentors you....

[@elizabethyork590]

@@IAMBETTERTHANYYOU How can one find a Fiduciary Invstment-Adviser that can help one make good gains during this current bear market and also position well to make better gains when the bulls finally arrive? I would not mind looking up the pundit that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@IAMBETTERTHANYYOU]

@@elizabethyork590 I am been guided by "Theresa Mary Chamblee" who I found her on a WSJ interview where she was featured and i reached out to her. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.

[@agnosticii]

Great to see a conversation with Noam Chomsky. I wish it were much longer. 👏

[@lynnwood7205]

"America's ultimate problem is its neoliberal post-industrial economy", Michael Hudson. He explains how, under this economy, American labor cannot compete even if they worked for free because of our current 'rentier' economic structure.

[@rogersmith7396]

Its all about economic control by financiers, Wall Street. They just want the money to spill into their computers and developing products, building factories hiring workers paying taxes is irrelevant to them. Usually detrimental to them. When they have destroyed this country they will move on to the next victim.

[@kirstinstrand6292]

Michael Hudson is fabulously accurate.

[@tommackling]

I'm also a fan of (both Noam Chomsky and) Michael Hudson. I think Michael has also explianed how the U.S. can't compete with countries like China, because American workers simply can not survive on a salary like 5$ /hour, because they have to pay rent for housing, for food, for utilities, day care, health care and communiting etc, whereas in countries like China the "cost of living" is heavily government subsidized, and if you can't afford an apartment or buy food or commute etc their system steps in to provide these things, so that, in effect. Chinese workers could practically afford to work for free.

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 💌

[@dannyweilthereisnorussiaga6594]

Yes. And I hope that Chomsky doesn't push us to vote democratic again. The issue is capitalism. The answer can never ever be the corporate democratic party.

[@ocean1233]

Does ANYONE ever Ask Norm Chomsky how HE IS DOING??? I GREATLY APPRECIATE HIM AS MILLIONS OTHERS DO AS WELL.💯

[@Madamchief]

Yes, I have seen interviewers ask him personal questions. He deflects every time with something like confused annoyance

[@keiljones2902]

he's doing great. Cowering in his house, waiting for them to build concentration camps for the unvaxxed

[@Edabite]

He's about 800 years old and I love seeing him in anything I watch, but he has just become so raspy and there is no sound engineering to make him clearer. He'll be speaking truth until he crumbles to dust in that Arizona desert, I believe.

[@perrin6]

He is maximising the use of his time on Earth to get across vitally important information for mankind.

[@eileenmc4746]

@@perrin6 and loved for it

[@AdobadoFantastico]

lmao the way he read "chipodul"

[@davidcox8945]

Good thing he didn’t say jah-lah-pee-no

[@catocall7323]

I cringed at that so hard. Especially since it's a well known franchise. Sort of illustrates that perhaps he was a little lax when preparing his monologue.

[@jeanmorin3247]

Wow! That's a worthwhile 30 minutes. So much stuff that makes sense of what we see and what we don't see... Thank you.

[@KravenTheHaunter]

I'm a simple man. I see Noam Chomsky, I hit the like button. Also, lol at Wolff's pronunciation of Chipotle

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀

[@elizabethblakley2876]

Thanks for having Noam on! Great questions!

[@wlf9108]

Please have him back to explain in more detail. Great show.

[@mourdebars]

There are tons of Chomsky's online. Very recent, almost to the day

[@arikkatzenberg4498]

U just make sure you keep buying his shit. Chomsky's new Aspen ski lodge isn't paying for itself.

[@wlf9108]

@@arikkatzenberg4498 why you so triggered bro?

[@arikkatzenberg4498]

@@wlf9108 Becuz i was disinvited to Chomsky's new rambling Cayman Islands beach house and I know the reason why

[@ruthannhopp]

First time listening to economic update. Love it.

[@michaelnovogratz4516]

🚀🚀 Hit up let's talk ⤴️ 🚀🚀

[@mildredmartinez8843]

I've been listening to it for a while now. Not only great news but a presenter of alternatives for a better world for all.

[@penguinuprighter6231]

A great place to subscribe

[@DG-qq6gz]

Great interview.

[@StarSeedThom]

Viewing & reviewing this superbly plain-speaking & enlightening dialectical/interview! It perfectly bridges & transcends the sensical & non-sensical opposites of ''Reading and understanding vs. misreading and misunderstanding.'' Thank you so much !!!

[@garyobermuller5248]

Thank you professors. I'm always delighted to hear what you guys have to say about our current national and geopolitical situations. I can't rely on mainstream media for this. Thanks once again🌷

[@jazzsocietyofecuador]

Noam Chomsky is one of the very few great men of both the 20th and 21st centuries. Thanks for presenting him.

[@rezakarampour6286]

Search . Noam Chomsky :: US is World's Biggest Terrorist '

[@tekannon7803]

Two giants in the world of economics and foreign affairs and the state of the world. This is how I believe we can describe Professor Richard D. Wolff and Noam Chomsky. These two intellectuals and freedom fighters and just plain good people are one reason why there is hope that the human community will one day be united and live in a world where everyone has a chance at a good life. Thank you Richard and thank you Noam for making our world a better place.

[@erc9468]

LoL. Two ancient relics of failed economic ideas and naïve views on how the world works.

[@KingMinosxxvi]

Noamd not a giant of economics. What you talking bout.

[@kayakMike1000]

Chompy is just an old dude that the left touts as relevant. He's just a dumb linguist. Good at words. Dicky dictator is a freaking joke, but one that really isn't funny, unless you get really really drunk and you're a Russian boomer that supported the Soviet union

[@tonywilson4713]

Your not wrong on that and their criticisms of Western Politics and Economics is justified, *but I am yet to hear either of them offer an explanation of what the world is meant to do about China. Here's 3 things I have seen them both avoid any and all discussion on. 1) The Solomon Islands: I'm Australian and we have a genuine threat on our doorstop with China corrupting the Solomon Islands with a slush fund for the Solomon politicians. Its totally corrupted their country and threatened the stability of a fragile nation that's been troubled with tribal conflict for decades. 2) The South China Sea: Not even the international courts of arbitration have been able to prevent China or get them to back down on their claims in the South China Sea. Go look at where the Spratly Islands actually are they are just of the coast of the Philippines and they are closed to Malaysia, Indonesia and Vietnam. They are no where near China or Chinese territory. they just happen to be in the Southern most part of the South China Sea. Its a ridiculous claim that threatens the Asian trade routes to Europe. 3) The Genocidal policy of enforced labor and re-education camps for the Uyghurs of Western China.

[@tekannon7803]

@@tonywilson4713 GGGGGGGGGGGreat to hear from you. What you have pointed out is too hot a potato for even gifted orators and analysts and you are completely right when you say these three incidents are proof that the only thing China will respect is force equal or above their own. What I am saying is that from this minute on, Australia must become a superpower in its own right. What can be done to make this happen is weapons systems that are so powerful and offer a point blank deterent that no opposing force would even consider confronting. Austalian defense officials must have the firepower to backup your Prime Minister's concerns. The Solomon Islands dilemma would have a much different reaction from the Chinese if Australian misgivings were followed by the threat of a massive and immediate retaliatory response if the Solomon's are taken over by China. You must make it fortress Australia for your own survival. This is doable.

[@jarichards99utube]

THANK YOU Professor Wolff for a very deep and insightful discussion... Stay Well

[@jamshedsethna3428]

Thanks Richard

[@ringo8410]

I love Wolff's idea of using eminent domain to create worker coops. Probably won't happen in the current system but it's a great idea.

[@Mike-B.]

I can't believe these two haven't had a closer history working together. Both are great together.

[@leyniaLip]

Thank you, Professors Wolff and Chomsky.

[@KC-lc8dx]

Keep up the great work!!

[@MrDXRamirez]

Brilliant analysis by both thinkers. Real treasures.

[@GalacticNovaOverlord]

@@philipmartin2919 you said nothing of value

[@ernstthalmann4306]

@@philipmartin2919 Wolff has a PhD in economics

[@marygard4608]

@@philipmartin2919 So, give us your clues.

[@marygard4608]

@@philipmartin2919 Give me the Cliff Notes version.

[@marygard4608]

@@philipmartin2919 Hey, is there going to be a test?

[@charleskesner1302]

Thanks, always good to hear from Noam.

[@mcmars273]

Great show as usual. Thank you.

[@sgturner59]

Thanks for this.

[@vorlon81]

Noam Chomsky speaks the Truth again 👍 at 21:45

[@bobcornwell403]

Interesting idea about what to do when a corporate restaurant chain shuts down a restaurant after its workers unionize. What would be even more interesting, if the more established unions, like the dear old UAW, would start boycotting that corporation's restaurants nation wide.

[@szymborska]

It's supposed to be illegal to retaliate against union organizing by shutting down a store, so if corporations don't have to follow the law who knows...

[@chuckleaf8027]

@@szymborska How could that ever be illegal? If the workers decide to not show up, then the owner has the perfect right to close down. I'd shut down immediately at even a whiff of a union.

[@voxomnes9537]

@@chuckleaf8027 The law was created with predators like you in mind.

[@bobcornwell403]

@@visiondoctor2020 Not likely to happen. Where's the start-up capital going to come from?

[@rogersmith7396]

The food is no doubt delivered by Teamsters. Don't F with teamsters.

[@mitchellkrouth5083]

Thank you are for being a straight shooter and giving us real time information. I that’s the most important thing a human can share his knowledge.

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@AliTabrizi-or7hc]

Dear Professor, thank you for your priceless programs, teaching us the very necessary things issues everybody needs in today's life. I Appreciate, dear Sir,

[@scroopynooperz9051]

Remarkable that Noam Pinkleton Chomsky is still fighting the good fight to this day. The man has been a contrarian voice since the 60s.

[@Frisbieinstein]

Avram Noam Chomsky

[@nafisaobrien880]

He is a role model for humanity now and into the future. He is the greatest of all teachers.

[@windalfalatar333]

Prof. Chomsky also has a unique way of saying the word 'incidentally' that should be trademarkable.

[@lah6739]

The collapse of the US empire from within is ugly and getting more ugly. As a Canadian, it concerns me a lot since we are part of the "US hemisphere" and our economies are overly tied up with each other.

[@antimattv]

My two favourite giants of all time. Thanks D@W!

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀 🚀🚀

[@kevchard5214]

It is always a great experience listening to Uncle Noam.

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 💌

[@jerryjones7293]

I appreciate solutions offered instead of just rage.

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@Eric-tj3tg]

Agreed...but rage is often not the emotion of high rationality, and the anger/rage is understandable considering the gaslighting. Solutions are desirable, of course, but when the information is coordinately unreliable and presents the "problems" in ways unduly complex and without context, solutions are difficult. We need a clear picture of the problems in order to proffer reasonable solutions. We cannot agree on the problems, and therefore, solutions won't be uniformly agreed upon.

[@smswkpk]

We can’t blame the Republicans for the state of our country when the Democrats are going to right along with it. It’s not just the Republicans it’s both parties

[@SetTrippin82]

No shit.

[@nochepatada]

Noam Chomsky is a huge proponent of the Democrats and believes they're fundamentally different

[@rogersmith7396]

The uniparty. Most recent example is the $300 billion give away to corporate America for chips. The government should have built their own factory probably for less and sold the chips for taxpayer advantage. Its BS. Bipartisan give away.

[@rogersmith7396]

@@Fiox789 A big club.

[@Inquiringmind0]

Most leftists who say that, are branded as right wingers by "left wing" partisan hacks. They don't seem to be able to comprehend the idea that one can criticize only Democrats from the left without being right wing. This is what tribalism does to your brain.

[@jamescole1786]

8/8/22. Thx Professor Wolff for the interview with Noam Chomski..always educational to listen to his analysis of current political events. Also thx for info on unionization efforts for Railroad workers & large restaurant chain employees. Management must always seek to improve working conditions & increase pay for their people. 👍👍👍😊

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 💌

[@martinjanecek4950]

brilliant. thank you

[@josephschaumberg4136]

Thanks it’s always educational to listen to professor Chomsky.

[@semidetached7863]

Thank you Professor Wolff for your continued solidarity with the workers of the world. Your intro segment on rail workers and the exorbitant profits of these transport companies seems to mirror exactly what is going on in the UK right now. Would love to hear you speak to Mick Lynch/Eddie Dempsey - they’re doing great work over here.

[@talorzwilliamz4134]

YES I LOVE THIS CROSSOVER DISCUSSION

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@martinushardy2459]

Thanks for refreshing my knowledge.

[@mildredmartinez8843]

This man is a wonder. Mind as sharp as a tack. His analysis is spot on. Should have him more often and longer.

[@jeffbrewer1580]

Professor Wolfe is cracking me up with how he pronounces chipotle lol

[@KohalaLover]

Thank you.

[@tavaressimon8624]

I like the way he pronounces Chipotle :)

[@Mr1stcat]

Chipodl - prof Wolff 2022 😁 jk thanks for this informative segment Prof Richard Wolff

[@ZealothPL]

Soon to go platinum as a drop on arumbrown show lol

[@Mr1stcat]

@@ZealothPL 😆

[@joleegmail7556]

Thanks!

[@houshang4144]

Thank you Richard Wolff

[@Msparx187]

GOOOOD morning 🌄🌍 Revolution 💯🎓🥊✌️😎

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀 🚀🚀

[@rogersmith7396]

The solution to chains closing unionized stores is to unionize all their stores. Then they can close themselves out of business and the board can find new jobs. Maybe working at a competitors unionized store.

[@dr.zoidberg8666]

Perhaps a more developed version of what you're envisioning is a bit of legislation proposed in the UK by Jeremy Corbyn. Whenever a company seeks to close or sell a store (or the whole company itself), they must first give right of first refusal to the workers who could buy it themselves as a workers' cooperative.

[@michstockholm1164]

Thanks. 😊

[@MIDixons]

I love me some Economic Update. Please consider posting your wonderful content over to Rumble so we don't have to come back briefly to KZbin.

[@michaelnovogratz4516]

🚀🚀 Hit up let's talk ⤴️

[@DerekSpeareDSD]

Union Pacific Railroad Company has 32,124 employees. If they took six billion of those 6.6 $B in profits - and I am letting them keep the six hundred million - and gave it to their workers, that would be a bonus of $186,776.42 cents PER WORKER...let that sink in, folks...

[@originalandrewmark]

check your math AGAIN-$18,677 only off by a magnatude (10x)

[@DerekSpeareDSD]

@@originalandrewmark sorry, dear...six billion is 6 000 000 000 / 32000 = 187000 +/-

[@originalandrewmark]

@@DerekSpeareDSD thanks for responding to my missive and alowing me the grace of your all too obvious computational excellence, par non monfreire. BTW I publicly stand corrected by Sir Spear, who may be called Sheik's peer (Pir-Master)

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀 🚀🚀

[@DerekSpeareDSD]

@@originalandrewmark it's simply math. If you're getting what appears to be butthurt about it, then you need therapy or something. If you're being snipy or something, go away and get a life.

[@morganhanam9522]

we need something like that student debt relief in Canada.

[@blogintonblakley2708]

Organize students and former students and refuse to pay en masse. When banks went under the government stepped in and paid for them. So, students do the same.

[@juniorgod321]

I have a better idea: Don't get a useless degree!

[@juniorgod321]

@Account NumberEight That's just your opinion!

[@juniorgod321]

@Account NumberEight Yes!

[@juniorgod321]

@Account NumberEight that’s right!

[@gabrielgrant4849]

I love you Richard Wolff but the way you say Chipotle had my cackling lol 🤣, Great program as always please keep them coming!

[@Mike-B.]

Great work !!!!

[@NameName-lv4lu]

I think Richard oa saying Chipotle like that on purpose, lol it's like a meme now, every time he talks about Chipotle Corp he says it like that

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 💌 🚀🚀 🚀🚀

[@jamilitary07]

Nah, I think no one’s corrected him. And he doesn’t ever eat there lol.

[@cherubimcherubim9515]

Henry Kissinger once say, "To be an enemy of the US is dangerous, but to be a friend is fatal". Former U.S. president Jimmy Carter, called the United States “the most warlike nation in the history of the world.” Carter then said the U.S. has been at peace for only 16 of its 242 years as a nation.US forcing other countries to “adopt our American principles.” China’s peace dividend has allowed and enhanced its economic growth,and that’s why they’re ahead of us.In almost every way.”Carter said. China spend billions in acquiring 40000 kms of high speed rail, $billions in space technologies another trillion on silk road. US has “wasted, I think, $trillion” on military spending.According to a November 2018 study by Brown University’s Watson Institute of International and Public Affairs, the US has spent $6.9 trillion waging wars.Most countries surveyed in a WIN/Gallup poll identified the United States as the greatest threat to world peace,Pew Research poll found that a record number of people in 30 surveyed nations viewed US power and influence as a “major threat.”to world peace.

[@davidalvarez7262]

@North Korea Is Best Korea Have you seen the high speed rails and the infrastructure in China? Look at some of the most recent walking tours in China and you'll be amazed.

[@coolmodelguy6304]

Money the US has spent on the military is not wasted! It has fattened up the 1% considerably.

[@carollei7794]

@@davidalvarez7262 Dude, you gotta forgive him cos he himself is too spaced out and having his own hallucinations to see the real world.

[@kirstinstrand6292]

Try to get US's WAR STATS on MSM. ☠💣😬😧🙄

[@kirstinstrand6292]

@North Korea Is Best Korea Infrastructure is the most important, as far as comparisons go. All US local roads are disastrous. Not to mention many bridges. Wait until Climate Collapse begins...

[@hsingchen5141]

Paying attention to this great intellectual's words helps to throw much light on the dark aspects of domestic and international politics. Hope he can continue to enlighten the world for a long time to come.

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@batoulbaterdouk4604]

Thank you sir

[@pennycheshire5608]

Off topic but Prof Wolff consistently mispronouncing Chipotle is peak grandpa energy (complimentary) No one involved in the production decided to correct him and I love that.

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@tonys92178]

lmfao I love it chipotl

[@georgefurman4371]

Those unions in the railroads and the electricity as well as the most powerful industry of the USA are the most important political force of the working class capable to become the alternative leadership democracy needs. They are the ones to supposedly be the vanguard of the people fighting for their rights and the ones that made the new deal possible. We need them to take a stand for democracy.

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 💌

[@jeffdunn797]

Professor Wolff, it must be extremely gratifying to see both US economic performance (or non-performance I should say) and shifting demographic attitudes among younger generations of Americans to both affirm the validity of the Socialist economic and political perspectives you have been teaching for decades. I remember as a college student in the 1980’s feeling so alienated and out of touch with the capitalist dogma crammed down our throats at the height of the Regan/Thatcher neo-con revolution and the ascendancy of Newt Gingrich to Speaker of the House that I pretty much gave up hope on our country. A lot of damage has been done, of course, but now I have hope. Young people in our country today know that we must share in our prosperity and the capitalist structures existing in the American economy are fundamentally unfair, unjust, and leave far too many people behind. Thank you for never waivering in your commitment to show people that there is a better way. :)

[@joesmusic7143]

great show

[@pottedrodenttube]

Chomsky has certainly been an important proponent in the fight against global imperialism. He also is a willing or maybe unwilling advocate for keeping the duopoly that he claims is a problem. If you support democrats, you support the system, same as supporting republicans. There is no harm reduction in supporting the system.

[@Camcolito]

Noam 'Keep Voting Democrat and hope for the best' Chomsky.

[@rogersmith7396]

You prefer Shakespear? Kill all the lawyers?

[@luperamos7307]

You are living in an extremely right wing country. If you don't vote you will have literal fascists take power who just thrive on xenophobia.

[@rogersmith7396]

@@luperamos7307 We have fascists if we do vote. Get it?

[@luperamos7307]

@@rogersmith7396 You may get a party that is to the right of the center, but not fascists. They wouldn't be disenfranchising voters remotely to the same extent as the Republicans, the Supreme Court wouldn't be remotely as right wing and they are not straight out climate deniers, xenophobes, implementing patriotic education, etc. Republican states mostly pay you $7.25, which is the federal minimum and give you no real healthcare, etc. I have lived in Republican states before. Don't expect to go to the hospital for free like in California if you are low income.

[@rogersmith7396]

@@luperamos7307 We already have that. Its re arranging deck chairs on the Titanic after it struck the berg. The only hope for the future regardless of any politics is a new economic model cutting off the wealthy from their profit centers over seas. Any thing less is just predictable decline into poverty for left and right and center. Politics is irrelevant. See "The Running Man' and Roller Ball' to remember James Cann. Both show the future if things keep going as they are. Add in "Soylent Green". Even Heston knew before he became a demented NRA schill.

[@standardqueue]

Among the greater community of Chomsky admirers, could we please help finance an audio sound recording system to properly mic and transmit this great man's words in what is the twilight of his years. His words are precious and the sound quality is crap wherever he appears ( not just here ). Let acoalition to properly mic Chomsky unite!

[@emilyalmansa4497]

Dr. Wolff, does Puerto Rico have some sort of eminent domain law? I ask because we have a few buildings that fit the description you mention.

[@markuspfeifer8473]

The chipotle workers in Augusta, Maine shouldn’t file complaints, they should just take over. Chipotle can’t operate unionized stores? Ok, then there’s a vacant store now. Let the workers prove they can run it better!

[@crimony3054]

Workers can't run it better. That's the triumph of Leninism. Workers can't do better than owners, so Lenin & Co. will do it for them, and anyone who complains gets killed. Stalin realized that instead of death, if you put a dissident to work fixing pot holes, then the average laborer thinks the system is working.

[@markuspfeifer8473]

@@crimony3054 workers have proven again and again: if you give them a chance, they'll do a fantastic job. the problem is socialists who think like capitalists and want to establish a ruling class of philosophers to guide the dumb masses. I prefer to trust in collective intelligence over capitalist or non-capitalist masterminds

[@sylviewalker7560]

Bingo, small business loan time. Mentor with restaurant experience please step up.

[@rogersmith7396]

All franchises are 100% dependent on the parent company. They can't get a toothpick unless HQ sends it. Its by legal contract.

[@sylviewalker7560]

Change the cheeky name: Chee Pot lay 2.0

[@kerryburns6041]

Chomsky is very venerable, but George Carlin had a clearer view, and expressed himself much better.

[@SetTrippin82]

Apples and oranges.

[@kerryburns6041]

@@SetTrippin82 Yes, but there´s more to it than that. To the best of my knowledge, Chomsky accepts the official view of 9/11, when the expert opinion says it was controlled demolition and many other facts point to a false flag. So in my book, he´s a "Curate´s Apple," as opposed to the sort of orange that really wakes up your taste buds. Maybe it´s lost on you ?

[@marygard4608]

Sometimes even funny isn't funny anymore.

[@kerryburns6041]

@@marygard4608 And when it´s not, it becomes a real warning.

[@user-rk1my2yh2y]

NOAM CHOMSKY G.O.A.T. ❤

[@jacpratt8608]

20m. love the translation subtitler. - 'the bolton road initiative'

[@nigelpalmer9248]

LOL Chomsky, Vote blue no matter who, thas Chomsky

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 💌 🚀🚀 🚀🚀 🚀🚀

[@nigelpalmer9248]

@burneraccount I think it was Einstien who said if you keep doing the same thing over expecting a different result it means yer mental. I think he was right. Most voters are mental.

[@kennethhancock2433]

Pronounced Chi-pote-lay.

[@dantaniondb]

Ikr ... He always says it that way.

[@kennethhancock2433]

@@dantaniondb I know. I wanted to help

[@dantaniondb]

@@kennethhancock2433 No doubt. Every time Woolf mentions CMG, I expect to hear the correct pronunciation ... Not so far...haha.

[@greendragonspirit1646]

This is amazing, two great intellects speaking truth, I want more 😊.

[@alioxinfree]

Civil Servants SchedF covered by Axios interesting story I'll keep following, thx Prof Wolff for talk w/ Noam. 👏🏽 Active unionmember, UMass STPECalum, appreciate your and your team's work. Trans💜 +fistbumps fromJacarandas of SF.

[@treefrog3349]

The truth of the matter is that the entire bottom half of the American socio-economic spectrum has been forgotten, misused and manipulated like expendable, non-essential, and invisible aspects of the whole economy. We the People are subtly becoming the equivalent of the children that were once "enslaved" in the coal mines a hundred years ago by the likes of Andrew Carnegie. It is chilling to see history repeat itself.

[@michaelnovogratz4516]

🚀🚀 Hit up let's talk ⤴️ 🚀🚀

[@LoneRexLapis]

Chomsky accepts that both parties are bias harming Asians. However, only calls out the Reps.

[@haplon33]

if you watch him over multiple elections he's ultimately a dem sheepdog. just a sheepdog that lets you know that the shepherd plans to eat you...thanks...i guess

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@user-yl3pv5fm4s]

As always with these two, very interesting. Two very important voices.

[@comradeinternet467]

Morning folks :)

[@codyrobertson3992]

Chipotul. Lol

[@TC-eo5eb]

Wolff is clueless.

[@jvcyt298]

@@TC-eo5eb; He probably doesn't get out much, and besides, it ain't kosher.

[@normalizedinsanity4873]

@@jvcyt298 Twenty years as a political economist, I look forward to your video criticing Prof Wolf's short comings

[@zacoolm]

Just as usual Chomsky describes the problem but never digs in what causes the problem. Main reason he dismisses the work of human giants such as Marx or Lenin who analysed and offers solution to the problem of imperialism. As such the ruling class never had an issue with Chomsky. In fact they love him for being anti-communist.

[@Nicegram_OfficialNerdballertv]

Hit up let's talk ⤴️ 🚀🚀 💌

[@James-os9ku]

Absolutely correct. It took me years to see and understand this but it's the truth.

[@zacoolm]

@@James-os9ku took me years too until I dug into Marx and Lenin.

[@bradbell4022]

Chomsky was allowed on the BBC once. It resulted in the famous, 'if you believed something different, you wouldn’t be sitting where you’re sitting' clip. He has not been asked back. That was 30 years ago(?) kzbin.info/www/bejne/j2OogZqfrZqSa9k BTW, what IS the solution to imperialism? (I would also like a solution to Britain's feudal era class system, the monarchy, and the billionaire press)

[@zacoolm]

@@bradbell4022 the solution is socialism

[@thetruthandnobs2]

Prof Wolff is great guy! 👍🎯📸🌎📝🙏

[@user-gy4lq1id1z]

I love both of you. I have been listening audio of both on kpfk but this is the furst time i saw your faces.

[@The.Ghost.of.Tom.Joad.]

Brilliant. Chomsky's a national treasure. Reading his books opened my eyes in the late '80s and early '90s. Before him, I was swimming in the sea of Reaganomics and military propaganda. Now, I see how even the "liberal" NYT bangs the drum for the military-industrial complex to protect the owner class using working people as fodder. Even approaching 100, he still seems on-point.

[@mourdebars]

They always did that. Read more Chomsky ;)

[@The.Ghost.of.Tom.Joad.]

@@mourdebars Exactly. I think I've read 90% of that Chomsky's written re: politics. From the classic *Manufacturing Consent* to *Occupy*. Probably missed some in between, but he's ALWAYS worth reading. Especially when I need a reset... Example. I found myself bobble-heading in agreement for war on Afghanistan after 9/11.... Until I realized that we would kill tens of thousands or innocent Afghanis to "avenge" some 3,000 dead Americans. I came to that conclusion not by reading his analysis of the Afghanistan invasion, but by reading his earlier analyses of US relations with East Timor, the Sandinistas in Nicaragua, and American banana companies in Columbia. Chomsky forces you to think things through, even if he's not talking directly at the contemporary problem.

[@nochepatada]

Isn't this the guy who told everyone to vote for Biden?

[@pruff3]

Wow great job 👍

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 💌 🚀🚀

[@elizabethbennet4791]

yay yay!! first got into Noam while studying anthropology! Linguistics 101 Hunter College in 1995!!!!

[@zacoolm]

Republican party Noam? How about the other partner in crime?

[@petersepall2590]

I admire and respect Prof Chomsky but find myself increasingly unable to concur with his positions. I believe old age and isolation have made him a bit rambling and holding now obsolete points of view. His condemnation of Russia for invading Ukraine completely ignores the fact that it had little other recourse and his continued support for the Democratic party has become absurd.

[@davidnowlan5441]

Extraordinary man

[@michaelnovogratz4516]

Hit up let's talk ⤴️ 🚀🚀 🚀🚀

[@ilyosraad9375]

The famous internationally recognized Anarchist N. Chomsky!

[@luperamos7307]

People here fail to see that they live in a very right wing country. And unlike the 1980s where this conservatism was only limited to the economic sphere, xenophobia is in full force. They make excellent scapegoats and Republican voters are xenophobic anyways.

[@erc9468]

A xenophobic country to which millions of people immigrate every year, and to which millions more wish to immigrate. Xenophobia must be very attractive to people from nearly every country in the world. The only people who don't immigrate here are Western and Northern Europeans. We must be especially Xenophobic towards them.

[@erc9468]

@@luperamos7307 Huh. So the US is so xenophobic that it offers people from every culture in the world more economic opportunity than is available to them in their own culture. Makes perfect sense.

[@erc9468]

@@luperamos7307 Why should the government of the US hand out free money to people who aren't citizens? I've never gotten free money from countries where I'm not a citizen. I guess that makes all 194 other countries xenophobic too. But you still haven't answered the question as to why people from all over the world would want to come to a country that is as xenophobic as you say it is. You say it's due to economic interest. But why would a xenophobic country pay people more than in their home country? Sounds like this xenophobia argument is BS.

[@erc9468]

@@luperamos7307 I'd like to run down to El Salvador, enter illegally, and see if I can get some free money for my family. How much do you think I could get? Seems like if this country was as xenophobic as you say, no economic incentive would ever entice anyone to come here. Seems it is unlikely that it is as big a problem as you say.

[@luperamos7307]

@@erc9468 Why do workers go to Qatar? Is there anyone on Earth who hasn't complained about the treatment these workers receive there? Yet they go. Why? Bc it's more money than in their own country. Does that mean the people there are not racist? Obviously not, but you somehow like to conflate the two. And btw, their kids here were citizens. They were excluded from the payments. Just as a reminder. I do not know where that would even happen.