Economic Update: American's Self Image VS Reality

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Democracy At Work

Democracy At Work

5 ай бұрын

Economic Update is now back to its regular programming schedule with a new episode released every Monday. We couldn't be happier, more relieved and more excited to get back to creating the show we all have known, needed and loved since 2011 and to celebrate, we're going to release a few batches of "binge-worthy" episodes you will only find on our website and as a Patreon audience member. So stay tuned, make sure you've subscribed to our channel, follow us on social media and of course be sure to sign up on our website:
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And as always, we thank for your attention, support and solidarity.
The d@w Team
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[EU S13 E43] American's Self Image VS Reality
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Updates on the closing of a Florida plant that should be converted to worker co-op, oil company profits VS the social damage they do, how mega-corporations (Walmart, Amazon) are taking over the grocery business and the social purpose and the meaning of the "middle class". In the second half of this week's episode, Prof. Wolff interviews Jared Yates Sexton. The discussion focuses on his latest book, "Midnight Kingdom" and how the U.S. practices social control by spinning stories the public sees and hears.
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Пікірлер: 681
@Cooee1961
@Cooee1961 5 ай бұрын
I’m an Aussie. I love the American people, but I have a great dislike for the American government. The government has killed more innocent civilians in such a short history than any other government in all of history. It must have been a great ride to the top, but it is a long way down. Hold on and enjoy the ride.😮
@bluewater454
@bluewater454 5 ай бұрын
As an American who also hates what the American government has become, I am always curious about the contradictions that leftists inadvertently create by your positions. Assuming that your analysis is correct that the American government has “killed more innocent civilians than any other government in history”, this opens up a question. Why would leftists like Wolff want to feed a monster like that with more tax money than it already has? The US government is a multi trillion dollar corporation that uses at least a trillion of that per annum to create bigger and better ways to kill people and destroy things. If your positions made any sense whatsoever, you would want a smaller US government, with less resources to oppress and destroy innocent civilians across the globe, not more. Tell me I’m wrong.
@RipMinner
@RipMinner 5 ай бұрын
I'm an American and I to have a great dislike for the American government. Everyone on the planet should have a great dislike for the American government by now.
@KyleRuggles
@KyleRuggles 5 ай бұрын
Facts! We gotta brace for impact, it's gonna hit all of us, it hit my country of Canada. The US gov't is great at exporting chaos.
@smjbr79
@smjbr79 5 ай бұрын
thank you for not conflating the two. We the citizens have no control over our government anymore. in fact, any poll of the population will state that fact.
@jgalt308
@jgalt308 5 ай бұрын
"Government is not reason, it is not eloquence, it is force; like fire, a troublesome servant and a fearful master. Never for a moment should it be left to irresponsible action." "They who can give up essential liberty to obtain a little temporary safety, deserve neither liberty nor safety."'
@goldfinder4498
@goldfinder4498 5 ай бұрын
I worked for a multi national corporation for 21 years and was NEVER promoted. I retired at the same position I started at because I wouldn't be made into a puppet. I didn't surrender my self respect.
@buildertrash4102
@buildertrash4102 5 ай бұрын
Good for you. One has to have principles and dignity. Respect🤙🏻
@taxmistress
@taxmistress 5 ай бұрын
Been there - promoted only becuase they didn't want me to leave.
@jacobjorgenson9285
@jacobjorgenson9285 5 ай бұрын
Say you are broke without saying you are broke
@GrandSolarEclipse
@GrandSolarEclipse 5 ай бұрын
​@@jacobjorgenson9285He is not complaining . You don't know how much he was earning. You can't assume he is broke!
@pseudonayme7717
@pseudonayme7717 5 ай бұрын
@@jacobjorgenson9285 Statistically speaking, so are about 70% of the people. That's not a society that's going anywhere good.
@johnmoore8599
@johnmoore8599 5 ай бұрын
At some point, we shifted to corporate welfare and killed social welfare which is insane, but that's what happens when you have a captured government.
@ZweiZwolf
@ZweiZwolf 5 ай бұрын
The best comment on American self-image vs how the world sees them goes like this: "America things they're Superman, but they're actually Homelander." Wrapped in the flag and saying the right things, but actually brutally destroying anything that slightly inconvenient or even partly in the way.
@churrothiev8387
@churrothiev8387 5 ай бұрын
That's Israel though
@philipgetter1370
@philipgetter1370 5 ай бұрын
Yes we have been the biggest killers in the world since Hiroshima & Nagisaki , Korea, Vietnam,Afganistan, Irach.Etcetera....
@Priestofgoddess
@Priestofgoddess 5 ай бұрын
@@churrothiev8387 Israel is bad on its own way, but the USA is bad on a more global way. Also people in Israel seems to be more selfaware than people in the US of A.
@CelestialWoodway
@CelestialWoodway 5 ай бұрын
What's Homelander?
@Priestofgoddess
@Priestofgoddess 5 ай бұрын
@@CelestialWoodway Homelander is the evil superman from the tv series The Boys
@cecipalacios1007
@cecipalacios1007 5 ай бұрын
Professor Wolff, Texaco destroyed areas of the Amazon in Ecuador, and on top of that, hundreds of people died of cancer. There was a lawsuit by the people of the region, and despite the fact that the lawsuit was moved several times from Ecuador to New York, the lawsuit was won! It is still on hold somewhere in Canada. The USA attorney who defended the Ecuadorians was house arrested for 2 years in the US because he refused to turn in his computer!!!! He was freed about 1 year ago. Merits to research this case further..
@churrothiev8387
@churrothiev8387 5 ай бұрын
That US attorney is a rare case of bravery I've never seen in America. Ironic since the anthem is 'the home of freed and brave'
@Teshub
@Teshub 5 ай бұрын
My brother-in-law was on the team of lawyers working for Chevron on that case. Total scumbag he is.
@IanTula
@IanTula 5 ай бұрын
Wow! That's a crazy story! I had no idea about that. Corporate monsters
@Ahng_Noying9574
@Ahng_Noying9574 4 ай бұрын
@@Teshub B-but zealous representation of clients, and stuff! /s
@nrnexusrising
@nrnexusrising 5 ай бұрын
As a 72 year old black American woman who no longer lives in the US and has been an emigrant in Mexico for several years, none of this is news to me. I’ve always looked at white people with an eye of distrust since I was little and was spat upon by a little white boy on my way to school in a recently integrated community, for no reason whatsoever. White people even back then were very dangerous towards black people, but so long as the economy was good it didn’t really matter to them if minorities were economically deprived, but when things changed and they started getting hit it became a serious problem. My main concern is that the US has all those nuclear weapons and I’m afraid the wrong right wing Christian fascist is going to one day get in power and get control of those weapons and then the whole world will be in jeopardy. Just my opinion.
@iloveamerica4891
@iloveamerica4891 5 ай бұрын
The share of people in the U.S. who identify as #White has been #declining, falling from 64% in 2010 to 58% in 2020, according to the new #census data. This trend stretches back several decades: Non-Hispanic White people declined as a share of the U.S. population from 1980 to 1990 (80% to 76%) and in every decade since then. White population in the U.S. that identifies with a single race is expected to fall below 50% by 2045, according to Census Bureau projections. The White population is older than other groups and aging faster, contributing to a lower birth rate and an increased number of deaths. In addition, immigration is not a source of significant growth for the White population. Immigrants account for a significantly smaller share of the White population than of other groups, in particular are Asians 6% Blacks 12% Hispanics 20%+; The share of people in the U.S. who identify as #Hispanic is #rising fastest in the U.S. since 1980's; From 2010 to 2020, Hispanics grew from 2.5 million to 18.9 million as a share of the U.S. population.
@nrnexusrising
@nrnexusrising 5 ай бұрын
@@Zombai-wi4ce if you’re responding to my statement then my response to you is no I do not. I’ve lived in Puerto Vallarta, very briefly in San Cristobal and in Oaxaca de Juarez. I would also say that the only time I experienced any thing close to suspicion or hostility came from people who appeared to be white tourists. And I keep thinking of stuff to say, this has been my experience but there are several KZbinrs who are black from the US and in Mexico and they seem to have had similar experiences to mine. You should look them up. I’m sorry I don’t know the names of their channels, but if you’re genuinely interested in this subject you’ll put in the effort to find them. Take care and enjoy your life! I certainly am! Peace!
@churrothiev8387
@churrothiev8387 5 ай бұрын
​@@Zombai-wi4cedoes it matter if you've never heard of that? She lives there. How conceited. What's the point of bringing that up that you've never heard of it then? I'm sure you've never heard of a bunch of things too, should you constantly bring that up in every conversation as a point of validation of others' stories?
@Spock_Rogers
@Spock_Rogers 5 ай бұрын
A white boy spit on the top of my head on the playground, but I'm white. It was disgusting.
@eugeneproff5404
@eugeneproff5404 5 ай бұрын
You sound like a proper black racist. You label all white people bad regardless. You've met some bad, stupid people and because they were white you condemn all white people. I've met some disgusting people. Some of them were black. But I'm not saying that all blacks are disgusting. I've met some black racists, including you, but I'm not saying that all blacks are racist. And if you think that I'm a white Christian American just defending my kind - you are wrong, I'm not. I just hate racists no matter what colour of skin they have, or nationality, or religion.
@reubenmorris487
@reubenmorris487 5 ай бұрын
In the USA, we spend $TRILLIONS, to give $MILLIONS to $BILLIONAIRES. Meanwhile there are more homeless people popping up in lockstep with the number of billionaires.
@treefrog3349
@treefrog3349 5 ай бұрын
I love this program. It regularly helps me feel that I am not suffering from paranoid delusions. When a kindly and wizened economics professor, like Prof Wolff, echoes my darkest imaginings, I feel a little better about my own rational faculties.
@Wildmanmercury
@Wildmanmercury 5 ай бұрын
Same. It helps to hear a sane voice.
@gmw3083
@gmw3083 5 ай бұрын
Except for climate hysteria. So called green energy is a farce. China uses coal power to build solar panels. Twenty years later, those panels are in the toxic landfill. Old wind turbines end up there even sooner...
@WeRthe99joyhopepeace
@WeRthe99joyhopepeace 5 ай бұрын
Read Sexton Yates Midnight book, It's wonderful.
@dingusdingus2152
@dingusdingus2152 5 ай бұрын
@treefrog3349 there is almost no such thing as paranoia anymore. A person who has irrational delusions that they are being persecuted is nowadays just making an accurate assessment of reality...
@noheroespublishing1907
@noheroespublishing1907 5 ай бұрын
Lower Working Class - Field Slave. Middle Working Class - House Slave.
@Ace1000ks19751982
@Ace1000ks19751982 5 ай бұрын
The middle class is the class of debtors. They need to get a loan to buy a home, vehicle, higher education, and credit cards to buy stuff.
@lesslycarthan956
@lesslycarthan956 5 ай бұрын
You are 100%
@theopantzaris6939
@theopantzaris6939 5 ай бұрын
So what?
@zuzanazuscinova5209
@zuzanazuscinova5209 5 ай бұрын
There's no middle class. Just working class.
@Ace1000ks19751982
@Ace1000ks19751982 5 ай бұрын
@@zuzanazuscinova5209 Here the break down. Lower class • People who are blue collared workers. People who have a high school degree or less. Middle class • People who have a 4 year college degree or more. People who are working in middle management. College educated professionals. White collared workers. Upper class • People who own a lot of assets, like land, equities, big businesses, vital industries, patents, and people who don't need to work.
@Googlag
@Googlag 5 ай бұрын
Great classification- middle class, class of debtors 😂.The middle class of debtors is perfectly ridiculed in the comedy "Fun with Dick and Jane."
@libertine5606
@libertine5606 5 ай бұрын
I think we had a bright shining moment when there was a "middle class". That is when all of Europe and Asia decided to blow everything up and left North America alone. That gave us a monopoly and the oligarchs loosened their grip. The system was set up. You got a 30 year job and a 30 year mortgage. After that you had a pension, you had a paid off house, medical from medicare, and you could retire. The baby boomers, which I am a part of, pulled up the ladder and that went away. We bought into Reaganomics and gave away everything to the oligarchs as long as they didn't touch us. Now that selfishness is coming to roost.
@georgefurman4371
@georgefurman4371 5 ай бұрын
Middle class is another reaganomics kool aid.
@AmianteTarvoke
@AmianteTarvoke 5 ай бұрын
When did "Europe and Asia decided to blow everything up?" I can't figure out what you could possibly mean. You're totally right about Reaganomics, aka neoliberalism.
@libertine5606
@libertine5606 5 ай бұрын
World War 2. @@AmianteTarvoke
@georgefurman4371
@georgefurman4371 5 ай бұрын
@@AmianteTarvoke ww2 wasn't a European or Asian decision. It was a corporate class decision to wipe out the challenge of socialism and defeat the first workers revolt ever ( Russia) it was a strategy of war against all workers organizations under the cover of nationalist stupidity. And they succeeded. But in doing so they became prisoners of the system of destruction to rebuild. Setting humanity in the edge of doom. That is the consequence of capitalism at any cost.
@helloocentral
@helloocentral 5 ай бұрын
that was always propped up on exploitation of workers at home and plunder across borders. inevitably unsustainable and immoral.
@andyjblosser
@andyjblosser 5 ай бұрын
Excellent work, Prof. Wolff. Especially the part about the "middle class." We need to unmask these stupid, manipulative euphemisms.
@Tubes12AX7k
@Tubes12AX7k 4 ай бұрын
Often, job titles are changed to 'manager' to prevent those jobs from unionizing. A manager is part of management. The true Middle Class basically hinges on being able to have a 40 hour work week and commensurate pay to make it work. The Middle Class were the people who afford their time to volunteer as Boy Scout leaders, team coaches, and volunteer for charity groups. They also paid tithes in church. The Working Class has to scrounge for money and unfortunately that eats up any spare time. The Upper Class doesn't do those sorts of things. So quite a lot depends on a Middle Class existing, and that in turn depends on job stability, fair pay, and 40 hour work weeks. Once those are gone, everything goes with it.
@Mr-sweeny
@Mr-sweeny 5 ай бұрын
The U.S. economy relies on ongoing credit and debt generation for sustenance. The Federal Reserve is expected to increase the money supply, leading to further debt accumulation for the average American. Meanwhile, foreign nations continue to desire the U.S. dollar, despite their own economies facing significant challenges, some even worse than that of the U.S. This situation raises concerns about who will ultimately bear the consequences of these economic dynamics.
@PhilipDunk
@PhilipDunk 5 ай бұрын
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
@PatrickLloyd-
@PatrickLloyd- 5 ай бұрын
I wholeheartedly concur, which is why I appreciate giving an investment coach the power of decision-making. Given their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risk for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it is practically impossible for them to underperform. I have made over 1.5 million dollars working with an investment coach for more than two years.
@mikeroper353
@mikeroper353 5 ай бұрын
we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this consultant that guides you help?
@PatrickLloyd-
@PatrickLloyd- 5 ай бұрын
My Financial Consultant is Vivian Carol Gioia. I found her on a Kiyosaki interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can run a quick online search with her name if you care for supervision. I basically follow her market moves and haven’t regretted doing so
@mikeroper353
@mikeroper353 5 ай бұрын
Vivian has the appearance of being a great authority in her profession. I looked her up online and found her website, which I reviewed and went through to learn more about her credentials, academic background, and employment. She has a fiduciary duty to protect my best interests. I set up a call with her so I could use her services.
@YY-in5kn
@YY-in5kn 4 ай бұрын
Agree with Jared. We the people lost control of our country. It’s been taken by the capital/rich people and their politicians.
@jinniwind
@jinniwind 3 ай бұрын
It was always designed that way since the day America was born. You didnt “lose” the control, you never really had it.
@satsuthek
@satsuthek 5 ай бұрын
The nation state is dead. We now have the corporate state.
@audrajones
@audrajones 5 ай бұрын
Richard Wolff, what would I do without you? You have become... the Dad I never had. Thank you.
@TracieSmithpomeranian
@TracieSmithpomeranian 5 ай бұрын
George Carlin warned about soft language and its consequences.
@mandyharewood886
@mandyharewood886 5 ай бұрын
Indeed he did! No more shell shock. It's ptsd. I was just today listening to that piece.
@pokemercenary6511
@pokemercenary6511 5 ай бұрын
I think reality is sinking in. Haven’t heard “we’re #1” in a long time.
@mikexhotmail
@mikexhotmail 5 ай бұрын
A lot of #1 actually? Gender Pronoun Military base Mass shooting Homeless Debt
@Novusod
@Novusod 5 ай бұрын
Number 1 is a relative term. The whole planet is swimming in dystopia. America is just the least bad of those dystopias.
@vaska1999
@vaska1999 5 ай бұрын
​@@Novusod Not so. Not by a long shot. Europe's far better in every respect, including the supposedly quintessential American thing called upward mobility. Research shows that there's significantly more upward mobility all across Europe than in the US.
@Spock_Rogers
@Spock_Rogers 5 ай бұрын
​@@NovusodI guess you didn't look at life expectancy and child poverty and preventable death.
@LinuxUser00
@LinuxUser00 5 ай бұрын
Europe, that continent that can't keep itself from going to war with itself? The continent that was the site of the two world wars? That continent? It's a colonial shithole just as the US is.@@vaska1999
@ZachariahJ
@ZachariahJ 5 ай бұрын
Being a pensioner in the UK, I watched the Space Race as it happened, and was thrilled by it all. Now that a supermarket owner and a car salesman have both become so rich they can afford a company space program, while infant mortality in their home nation is lower than some developed economies, the whole dream has become ashes. Never once thought that we shouldn't go into space until all the problems at home are fixed - that would be absurd. But if levels of inequality have become so high that individuals can fund space activity essentially out of their own pockets, then things have gone badly wrong.
@theopantzaris6939
@theopantzaris6939 5 ай бұрын
I suppose you mean, infant mortality is higher in the US.
@jgalt308
@jgalt308 5 ай бұрын
"You will find that the State is the kind of organization which, though it does big things badly, does small things badly, too" "In the choice between changing ones mind and proving there's no need to do so, most people get busy on the proof." "The great dialectic in our time is not, as anciently and by some still supposed, between capital and labor; it is between economic enterprise and the state." "It has been the acknowledged right of every Marxist scholar to read into Marx the particular meaning that he himself prefers and to treat all others with indignation." "Economics is extremely useful as a form of employment for economists." "The only function of economic forecasting is to make a strology look respectable." "Economics is a subject profoundly conducive to cliche, resonant with boredom. On few topics is an American audience so practiced in turning off its ears and minds. And none can say that the response is ill advised." John Kenneth Galbraith
@bkbland1626
@bkbland1626 5 ай бұрын
Good show, as usual. Great guest. Thanks
@treefrog3349
@treefrog3349 5 ай бұрын
Once again I am reminded of the old folk wisdom that states, "life is like a shit sandwich : the more 'bread' you have, the less shit you have to eat." It should be written on our money. P.S. forgive me for not spelling "shit" like sh*t. After all, "a rose by any other name is still...".
@yamhweeyeo3089
@yamhweeyeo3089 5 ай бұрын
In Singapore, similar things are happening: a bus driver is now a bus captain, and a prison officer is a rehabilitation officer. But nothing very much has changed and that is the problem too here.
@barrydaws4602
@barrydaws4602 5 ай бұрын
Same in Hong Kong , bus drivers are now bus captains. 😂
@mandyharewood886
@mandyharewood886 5 ай бұрын
Are your grave diggers "soil technicians" too? It never caught on down here in the Caribbean. We laughed it into oblivion.
@jgalt308
@jgalt308 5 ай бұрын
Yes, the rank is excessive...maybe "bus sergeants"?
@jinniwind
@jinniwind 3 ай бұрын
If that’s the only problem that Singapore has as a society and country, then Singapore is doing damn well.
@user-ev9to4xx2o
@user-ev9to4xx2o 5 күн бұрын
You.become.somebody.when.you get.a.title.on.your.nane.never.mind your ..character😢😢😢😢
@sl-lz3dw
@sl-lz3dw 5 ай бұрын
Thanks Prof Wolff, for pointing out and clarifying in basic terms so many things that have been intentionally obfuscated by the people of wealth and power, and their massive mouthpieces such as Fox"news", MSNBC, CNN and others. Thank you as well for the deeper dives you have given. I've enjoyed and been educated by your books, and Video lectures that you have given. Not just the ones here at Democracy at Work, but on the Richard Wolff channel as well. I still have lots to learn. The resources you provide are amazing. I hope to be blessed with your insight and clear explanations as a resource for years to come.
@brianwheeldon4643
@brianwheeldon4643 5 ай бұрын
Great work Richard and Jared, thanks
@consciouseffortmedia
@consciouseffortmedia 5 ай бұрын
Thank you again Professor Wolff💪🏾Another very informative episode.
@Adamb87
@Adamb87 5 ай бұрын
Kate Raworth's Doughnut Economics is worth learning about in regards to creating a truly Green circular economy to replace capitalism's avarice of endless growth Love to you all
@AllenOflynn-fc4of
@AllenOflynn-fc4of 5 ай бұрын
I saw Kate Raworth on RT 🤗 , I'd like to see the return of RT , Lee Camp , Noam Chomsky and Richard Wolff would appear on it .
@philippirrip8761
@philippirrip8761 5 ай бұрын
Most people are not opposed to immigration. Illegal immigration is the problem.
@user-zy4wv7yx1z
@user-zy4wv7yx1z 5 ай бұрын
Frankly I do not care if some poor person is sneaking across the boarder into the US. I too would use all means necessary, both legal and illegal, to ensure I have a better life. And even more so if I had a family. My concerns with illegal immigration is that the migrants have a greater chance of being abused or exploited since they are here "illegally".
@JP-fb8ni
@JP-fb8ni 5 ай бұрын
While you're primarily viewing illegal immigration through the lens of individual morality or risk, let's take a moment to look at it through the lens of class struggle. Capitalist society is known to depend on a pool of cheap labour to maintain high profits. Often, immigrants-particularly illegal ones-are exploited and subjected to unfair working conditions as they provide that pool of cheap labour. And they may not even be offered minimum wage or may even be overworked without being adequately compensated due to their vulnerable, undocumented status. So, rather than merely focusing on the legality or illegality of the immigration process, we should instead look deeper and consider how the structures of capitalism encourage and benefit from this exploitative system. On another note, immigration (illegal or legal) can also be viewed as an effect of the global capitalist system. The dire conditions that push people to immigrate-economic inequality, violence, insecurity-are more than often related to global capitalism's effect on developing countries. Instead of blaming individuals seeking a better life, we should instead scrutinise and challenge these systemic issues.
@limitisillusion7
@limitisillusion7 5 ай бұрын
The reason the border is open is because the US economy is floundering, and with it, the US dollar. This is because without a growing population, the US cannot keep up with the GDP of foreign nations, particularly BRICS. The native born US population is far below replacement level. So what's the solution? Open borders. Quite simple actually, and the cheaper the labor the better. The capitalists who remain patriotic to the US dollar are too proud to see the writing on the wall. They never thought to pay US citizens enough to raise children. Instead, they're screaming into an echo chamber about open borders as the US dollar approaches it's downfall from the world's reserve currency, clueless to the fact that they caused it. Those capitalists who are smart will diversify their investments in other currencies as the world's economy globalizes. Still though, the US market will remain large enough to stay relevant, just not like it used to be. If you really want to help this nation, your best bet is to start a worker co-op and hire some immigrants and native born citizens alike to spread goodwill. The economy is going to get rough in this country as the war mongering politicians continue to dump money into the defense budget. It's going to be the fall of the Roman Empire 2.0, characterized by overexpansion of the military, political corruption, and collapse from within. The best we can do for each other is forget our differences and consolidate or the globalizing capitalistic machine will chew us up and spit us out. Avoid a civil war. Plant a garden. Trade goods and services directly with your community. F*ck the middleman that seeks to siphon the working class value creation out from under them. Support small, local businesses.
@limitisillusion7
@limitisillusion7 5 ай бұрын
@@LeeLee-BB Analogies are cool and all, I'm a fan of them myself. But they cannot stand alone. You must explain what you mean on a deeper level if you wish to make an argument of substance. Keep in mind that just because people fall for a simple analogy, doesn't mean it makes logical sense.
@AllenOflynn-fc4of
@AllenOflynn-fc4of 5 ай бұрын
Some immigration is caused by the US's interference in other people's countries .
@Maskmen007
@Maskmen007 5 ай бұрын
I think Professor Wolff is one of few legendary Philosopher in this era.
@jgalt308
@jgalt308 5 ай бұрын
Really? He can't hold a candle when compared to The Brother's Grimm... or George Orwell.
@tuckerbugeater
@tuckerbugeater 4 ай бұрын
i prefer jerry springer@@jgalt308
@user-rp2li7ks4e
@user-rp2li7ks4e 5 ай бұрын
Thank you for intriducing me to Jared Yates Sexton. Subbed. Prof Wolff, you are doing essential work. 🎯
@audrajones
@audrajones 5 ай бұрын
Thanks!
@Retalak
@Retalak 5 ай бұрын
Professor Wolff, I think it would be a really great topic to discuss exactly how large the surplus extracted by employers is, perhaps over time if data permits. Just through my own research, I found the average US worker in 2015 produced around $107/hr in value for their employer. Compare that with the average hourly wage in 2015 at around $21/hr, and I think the problem becomes very clear. I believe that would do a lot for the average worker to understand just how exploitative capitalism is, and why they should oppose it. It would be a great way to reach people with something concrete they can easily wrap their minds around. I believe any worker with a reasonably critical mind confronted by that objective data would immediately understand why it's not right for a small group of people to appropriate that wealth, and why its handling should be a democratic process instead.
@jgalt308
@jgalt308 5 ай бұрын
You might try "This View of Life" by David Sloan Wilson for an alternative perspective, or more directly, Michael Hudson and Steve Keen, whose presentations of the "present reality" and its causes, bear little resemblance to that of Wolff, historically or economically. These comparisons demonstrate Wolff's ignorance of capitalism, Marx and history itself, as well as, that of human nature...so that one cannot claim to understand and agree with Wolff, while simultaneously claiming that a similar understanding and agreement exists with any of the above.
@wendywilson-fall3973
@wendywilson-fall3973 5 ай бұрын
one would hope. unfortunately, they've been manipulated
@dee-vee
@dee-vee 3 ай бұрын
Mr Sexton said a lot of truths about the US. Great guest.
@mravalosmj
@mravalosmj 5 ай бұрын
DON'T STOP PROFESSOR!!!!!!
@jgalt308
@jgalt308 5 ай бұрын
Like god, Wolff has demonstrated he can't handle money, even when It's "other people's" money...in this, he has a lot in common with government, except that he can't "print" it.
@enkilm
@enkilm 5 ай бұрын
The Brits also believed that they were the champions of God and it led to the Balfour Decree it's just that Americans are crazier.
@courtlaw1
@courtlaw1 3 ай бұрын
This is one of the few channels I only recommend people watch.
@earlviney5212
@earlviney5212 5 ай бұрын
Workers are now called associates what a joke
@marciamartins1992
@marciamartins1992 5 ай бұрын
Basically means you have very little rights.... almost none.
@Cynjae167
@Cynjae167 5 ай бұрын
Bravo bravo bravo , encore !!!!!!
@nigelthomas8315
@nigelthomas8315 5 ай бұрын
Shit shoveler becomes organic logistics 😂
@totonow6955
@totonow6955 5 ай бұрын
"Satan is out in the forest." I especially appreciate the use of the word forest. 'Forest' underlines the role of mythology.
@limitisillusion7
@limitisillusion7 5 ай бұрын
I don't think these religions are useless. Satan and Jesus are just metaphors for human architypes as far as I can tell. We can all act like Jesus and make the world a better place. Or we can all get fearful and greedy and point fingers... And the result will be evil. There are vicious and benevolent cycles, we just have to choose which path we go down.
@bluewater454
@bluewater454 5 ай бұрын
The only “mythology” being used here today was by prof Wolff and his myth peddling guest 😄
@totonow6955
@totonow6955 5 ай бұрын
@@bluewater454 for example,
@bluewater454
@bluewater454 5 ай бұрын
@@totonow6955 For example, The myth that the average republican is some dangerous white supremacist, ultra nationalist who hates immigrants, ect., ect., Typical leftist strawman
@jgalt308
@jgalt308 5 ай бұрын
@@totonow6955 For example? What truth was being peddled by them?
@WeRthe99joyhopepeace
@WeRthe99joyhopepeace 5 ай бұрын
I loved your Midnight book, it was what I was waiting for & now tonite to see you and Dr. Wolff together closes the circle. With you two helping us, I think we have a chance.
@kindaplayerone4128
@kindaplayerone4128 5 ай бұрын
I always learn something about everything.
@Simply1ism
@Simply1ism 5 ай бұрын
Well received in the UK. Many thanks.
@Notfunnysam
@Notfunnysam 5 ай бұрын
Great interview. Thanks to you both.
@kunlong-vp2qx
@kunlong-vp2qx Күн бұрын
Thank you for educating me. Very helpful.
@rodbennett1133
@rodbennett1133 5 ай бұрын
what a whopper of a restart of D@W!!! wonderful, thankyou.
@user-rp2li7ks4e
@user-rp2li7ks4e 5 ай бұрын
Thank you Prof Wolff and Jared Yates Sexton. Illuminating. Informative. Educational. Really appreciated. Shared.
@Jimpard
@Jimpard 5 ай бұрын
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@RandalHebert
@RandalHebert 5 ай бұрын
Your insights on diversifying the investment portfolio are on point. Combining traditional assets with dynamic options like cryptocurrencies makes strategic sense in today's economic landscape.
@MichealTanner141
@MichealTanner141 5 ай бұрын
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@Bradleyschaeffer376
@Bradleyschaeffer376 5 ай бұрын
In navigating the economic landscape, a diversified portfolio blending traditional and dynamic assets proves to be a strategic choice. The successful portfolio managed under the guidance of Samuel Peter Descovich exemplifies the impact of well-informed decisions, underscoring the significance of expert advice in today's financial landscape.
@PennyBurdick318
@PennyBurdick318 5 ай бұрын
Exactly! Which is why I appreciate giving a financial advisor the power of decision-making. Giving their specialized expertise and education, as well as the fact that each and every one of their skills is centered on harnessing risks for its asymmetrical potential and controlling it as a buffer against certain unfavorable developments, it's practically impossible for them to underperform. I have made over $1million working with Samuel Peter Descovich, for more than five years.
@Rhgeyer278
@Rhgeyer278 5 ай бұрын
Building a good investment portfolio is more complex so I would recommend you seek Samuel Peter Descovich support. This way you can get strategies designed to address your unique long/short-term goals and financial dreams
@sreematbhiksu4536
@sreematbhiksu4536 5 ай бұрын
Thanks for your logical analysis on the reality of environment destruction.
@mspiekkola
@mspiekkola 5 ай бұрын
This country is going over the cliff!
@lindascanlan6317
@lindascanlan6317 5 ай бұрын
Thank you for the invitation to suggest material....very nice Prof ....I approve of this... social Democrat that I am.... ! Linda 🐝
@SM-df9hm
@SM-df9hm 5 ай бұрын
Good episode and Great explanations by your guest.
@aasta5118
@aasta5118 4 ай бұрын
This is my new favorite you tube channel. Thank you.
@baddudecornpop5226
@baddudecornpop5226 5 ай бұрын
Thanks for talking about the middle class! Finally, a true description!
@bernardheathaway9146
@bernardheathaway9146 5 ай бұрын
Great stuff as always!!
@lethapaulhus5971
@lethapaulhus5971 5 ай бұрын
should talk about koch brothers and fsu economics department as well as loopholes to let corporations like target claim they are individual companies amazon spiderweb got millions tax breaks from county for their fulfillment centers and no property taxes good show
@robertjohnston8876
@robertjohnston8876 5 ай бұрын
Target came to Canada with great fanfare On opening day there was a lineup to get in. Shortly after you could count the customers on one hand They destroyed our local mall in Oakville🇨🇦 during that time Then they left Canada all together👍 Too bad; so sad.
@carrie5980
@carrie5980 4 ай бұрын
Great interview with JYS.
@gloriamaloney4268
@gloriamaloney4268 5 ай бұрын
Only one of the Koch brothers survived. Thanks for the info. Keep up the good work.
@Notfunnysam
@Notfunnysam 5 ай бұрын
Creating food deserts to a neighborhood near You!
@Wildmanmercury
@Wildmanmercury 5 ай бұрын
These numbers are always mind boggling.
@charleskesner1302
@charleskesner1302 5 ай бұрын
Excellent discussion, Richard, thanks.
@carmencrawford458
@carmencrawford458 5 ай бұрын
❤ my Jimmy Carter, and Reagen did high Jack that election which was admitted finally a year ago by the guy who worked for Ronnie before he died...first thing old Ron did was take of the solar panels off the White House, God forbid he was trying to make us gas independent.Brando I love your take on issues,your a critical thinker which we need more of. Yes and Happy Birthday to a Great President , humanitarian and Southern Gentlemen.
@bluewater454
@bluewater454 5 ай бұрын
Reagan “hijacked” the election against Carter??? By doing what, trouncing him in the debates and winning by landslide numbers? 😄 It was not even a close election. No one(except for you apparently) had any doubts about that election. It was won decisively. Carter was one of the worst presidents in our nations history.
@lindascanlan6317
@lindascanlan6317 5 ай бұрын
Oh, I can't wait to hear this episode....
@rcjdeanna5282
@rcjdeanna5282 5 ай бұрын
You might say the same about many other groups today....for instance, when I became Catholic in 1973 the saying was, "The Church is the only organization that exists for those not its members." and many were moved to pray for and help others without distinction....like the mandate of God given to Abraham. Today a horrible clannish, ugly inwardness and cowardice is everywhere...hoarding, suspicion, 'correct' rules for religious obligations without sincere warmth for others or respect for them as brothers and sisters. What bomb went off under all of them?
@torahislife
@torahislife 5 ай бұрын
See who 80% of the CEOs of media, banking, venture capital, legal firms, AI, Big Tech social media platforms, and Big Pharma are. They are from the same group that 8 of 10 Biden's Cabinet members are. There is your answer - crystal clear if you are not afraid to criticize the group who aggressively attacks anyone who points it out...
@bharatichaudhari
@bharatichaudhari 5 ай бұрын
Today's debate is excellent, Prof Wolf sir, u have treasury of Corporate grass root Knowledge of US, great
@leroitiaks
@leroitiaks 5 ай бұрын
Excellent interview. Looking forward to read the book
@mrfuzztone
@mrfuzztone 5 ай бұрын
I also ordered 2 of Jared's books. He describes the current situation and history well.
@markwilliams4439
@markwilliams4439 5 ай бұрын
Brilliant
@patriziacasagrande3833
@patriziacasagrande3833 2 ай бұрын
there is a Spanish opera written in early 1900's. about a worker and workers. it opens with the idea " in society "you are ether a hammer or an anvil. ". you can guess which one was a worker.
@sheltonbailey6548
@sheltonbailey6548 5 ай бұрын
“America is really bad at remembering its HISTORY…”
@davidpeppers551
@davidpeppers551 5 ай бұрын
Charles is the only Koch brother left in the family business. David died in 2019
@prosperitylife5344
@prosperitylife5344 4 ай бұрын
Don’t care! Evil swine
@deatherutts
@deatherutts 5 ай бұрын
I like this guy seen him on other's channel's smart man
@AndrewLambert-wi8et
@AndrewLambert-wi8et Ай бұрын
IN SWEDEN WE CALL CLEANERS " SANTITATION TECHNICIANS"
@robertjohnston8876
@robertjohnston8876 5 ай бұрын
I loved Sexton’s closing comment on another interview: We do not have a political crisis in America; we have a mental health crisis in America. So true. Just watch interviews of Trump supporters at a Trump rally. Your friends and allies have watched the last years in disbelief. We wish you well.🇨🇦
@gestorespanama
@gestorespanama 5 ай бұрын
¡Gracias!
@almaslakhani6693
@almaslakhani6693 5 ай бұрын
Good program helped to understand lots of things
@63saruman
@63saruman 5 ай бұрын
Enlighting interview.
@jgalt308
@jgalt308 5 ай бұрын
Imagine that...all that "wisdom" diseminted in 15 minutes.
@ratnabahadurgurung9850
@ratnabahadurgurung9850 5 ай бұрын
Video was very fascinating.
@ellaschris
@ellaschris 5 ай бұрын
Thank you for the great guess Mr. Wolf
@fireofhislove3395
@fireofhislove3395 5 ай бұрын
Growing up watching American movies gave me the impression that the United States is the opposite of a free country. Your local news channels make America seem like a movie with what can randomly happen.
@WeRthe99joyhopepeace
@WeRthe99joyhopepeace 5 ай бұрын
Love you Dr. Wolff & love you Jason Yates Sexton.❤
@edmattell5767
@edmattell5767 5 ай бұрын
With respect to Mr Sexton , I worked blue collar my whole life and traveled close to the ground,met alot of people. Sexton missed the bull's eye , and the target more than once .🤔🤨 I got the paystubs and scars to prove I know what I'm saying.
@hermanmunster714
@hermanmunster714 4 ай бұрын
Hey Jared, what about the labor movement? Where does the US labor movement fit in to all your trope descriptions? What party is representing workers in the US right now? Why has the two party - uniparty- system failed workers, is this by design and whats your solution?
@oswarz
@oswarz 4 ай бұрын
Unfortunately, the only place I could find a once common staple, pearl barley, was at Target.
@gushterell7989
@gushterell7989 5 ай бұрын
Great work.
@lloydthurstondinwiddieakag297
@lloydthurstondinwiddieakag297 5 ай бұрын
I haven't seen Proffessor Wolf videos in a minute. They dont even pop up on my TL anymore
@lostboi3974
@lostboi3974 4 ай бұрын
I live in Florida and I didnt even receive a stimulus check from the government. The government only issued stimulus payments to people who had recent IRS filing records. And because i had to drop not only out of college and the workforce to be a caregiver for my 90 year old grandma, I was invisible so i was not eligible for anything. She also did not qualify for any help for the government because she was not sick or injured, which was what i was trying to prevent by taking care of her. I also didn't qualify for government healthcare because i was not employed. If not employed, you pay full price for health care. If working and poor, tiu get inexpensive healthcare. If working and high earner you pay a lot for healthcare. Now im not working but have money from inheritance, so i pay $402 month for basic healthcare just so im not bankrupted from an accident. Im only 42 and healthy with no problems. My health insurance would cost $80 a month in Thailand and be better quality.
@odinallfarther6038
@odinallfarther6038 5 ай бұрын
Pollution is a method of externalising cost pretty standard practice.
@the_gilded_age_phoenix8717
@the_gilded_age_phoenix8717 3 ай бұрын
"Middle Class" is a commoner cope. Makes workers feel good about themselves and accept their difficult lot in life.
@clavo3352
@clavo3352 5 ай бұрын
I think Wolff should acknowledge Robert Heilbroner's theory of mal-distribution of income.
@Spock_Rogers
@Spock_Rogers 5 ай бұрын
Does he glorify greed like Milton Friedman did?
@clavo3352
@clavo3352 5 ай бұрын
@@Spock_Rogers quite the opposite.
@Spock_Rogers
@Spock_Rogers 5 ай бұрын
@@clavo3352 I'll check it out. ✌️
@bennybaker4926
@bennybaker4926 5 ай бұрын
Even a mid level department manager is a worker.
@spoonsmith9506
@spoonsmith9506 5 ай бұрын
Becoming more evident that we are the bump in the night. With the occasional exception of supporting just campaigns like Ukraine.
@peternyc
@peternyc 5 ай бұрын
Very important video. I feel things will get worse.
@hermanmunster714
@hermanmunster714 4 ай бұрын
these economic systems, use these bodies (govt and nation/states) as hosts. You said it brother, but most Americans with just a little common sense understood this a long long time ago. Mr. Sexton, I agree with you but why did it take so long for your younger generation to realize this? And the bigger question is, what do you and the professor suggest Americans do in response to these global wonks and corporations?
@normalizedaudio2481
@normalizedaudio2481 5 ай бұрын
Look who got on Democracy at Work.
@miltonwelch4177
@miltonwelch4177 5 ай бұрын
@9:48. In architecture, "Job captain" iz the grand title of a person who does the bulk of the work, but his salary is barely over the one paid when he or she got employment in the company.
@UBETUBEME
@UBETUBEME 5 ай бұрын
The Rich and the Poor Fascism.- Democracy Choose wisely citizens
@simony276
@simony276 2 ай бұрын
It’s the sources of all kinds of turmoil worldwide now.
@felicetanka
@felicetanka 5 ай бұрын
Usa is a business with a country.
@marciamartins1992
@marciamartins1992 5 ай бұрын
Seems like it's an oligarchy/ cleptocracy.
@leftnotliberal
@leftnotliberal 3 ай бұрын
My only disagreement- in enslaved communities, the "house" workers were esteemed higher than "field". They were both enslaved, but it allowed a higherarchy, which kept them from solidarity
@BeitMidrashOrHaSehel
@BeitMidrashOrHaSehel 5 ай бұрын
Excellent video
@dcorgard
@dcorgard 5 ай бұрын
It might be even enough money to let every worker there retire early, no matter their age... in absolutely no case should it be given to billionaires...
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