Economic Update: Labor Day And Abe Lincoln, Honoring Both Together

[@M.M.Alam.Liberty]

Among the most Brilliant and sincere economists are Dr. Wolff and Dr. Michael Hudson. Thanks for this show

[@vivalaleta]

100% agree. I would also add Radhika Desai and Ben Norton.

[@RattyA.]

Well said Prof! Few Americans know of Lincoln’s real opinions, or pause to consider how radical the Emancipation Act really was, and it shows. Raised from babyhood on capitalist propaganda, the economic realities are ignored or waved away with platitudes. Professor Wolff pulls back the curtain and shows the machine for what it is and who’s running it.

[@angelicafrancisco3943]

Greatness is what we all just heard . Professor Wolff doesn’t just walk the walk he talks the talk . We need a Labor Party in the United States . Thank you Professor Wolff for your new book UNDERSTANDING CAPITALISM . You inspire hope and change .

[@jgalt308]

Yup, as an ex-state employee, he is still talking...and begging for "donations" to continue."talking". But why would he want to "honor" a criminal...or spout such historical ignorance, and who would believe him...except the more historically ignorant. Which constitutes more of a monopoly? The numerous car manufacturers and the multiple supply chains that support them or the United Auto Workers that can strike any and all of them? Like Marx, Wolff has an aversion to actual work. Talk is cheap, although for Wolff it seems to be more expensive than he can manage, hence the begging. And he has never walked the walk.

[@someonenotnoone]

@@jgalt308 No one cares about these points. Wolff and Marx could be erased from history and leftists will still see the same things.

[@Novusod]

US Labor party dissolved in 1979 on the promise that the Democrats would support the labor cause. What came of that promise, basically nothing. "We're all capitalists now" as Nancy Pelosi said. Nothing will change unless people change their voting habits.

[@johnpaulmactavish4273]

Thank you Prof Wolff

[@nataliewilliams9741]

If I could "LIKE" this message a thousand by a thousand times, I would indeed ❤️

[@renehermiz]

Good evening from Denmark Mr Wolff, very good information and knowledge. Thank you to everyone involved with this channel. ❤

[@jgalt308]

Not knowledge...LIES, repeated again and again and again.

[@juliolemus8906]

Mr wolff never ceases to amaze me with his videos, wolf is for the people

[@RadicalCaveman]

@@jgalt308 The trolls arrive.

[@jgalt308]

@@RadicalCaveman So you think Lincoln freed the slaves and the war was about slavery? Neither of those is true...so how is that knowledge or good information? And the opposite of a truth is what? One might excuse a person from Denmark, but maybe that person suffers from 'other myths" like the claim that the king and the people wore the Star of David to protect the jews?

[@breft3416]

Labor Day excellence, Professor!

[@berihunassfaw7472]

Your teachings go directly to the brain , Professor Wolf.

[@jgalt308]

Like a lobotomy.

[@gabrielciocoiu2382]

As always, hat off, for the maestro.

[@zdrz7727]

One more magnificent presentation Dr Wolf, thank you very much. Greetings from the Balkans.

[@renehermiz]

Like button smashed here in Denmark 🇩🇰👍

[@Yoinazek]

Every person that works for a living needs to hear this program. Share it with your friends and family ✊

[@CarolinaInman99]

Agree. Very likely we r headed for a decade long bear market in all western assets. It will be a period of geopolitical n currency changes. Within US this is the chance to do the long-needed economic n social n government reforms. If we succeed, US will be on a long-term sustainable growth path in a decade. But we must take the pain 1st n do the adjustments. From investing pov, sell all US, european equities n bonds. Go long Gold and Crypto. Go long emerging market trade........ I have managed to grow a nest egg of around 100k to a decent 732k in the space of a few months... I'm especially grateful to Linda Wilburn’s, whose deep expertise and traditional trading acumen have been invaluable in this challenging, ever-evolving financial landscape.

[@CarolinaInman99]

She's often interacts on Telegrams, using the user-name.

[@CarolinaInman99]

@Lindawilburn

[@Conniemaher]

In a field as rapidly evolving as cryptocurrency, staying updated is crucial. Linda’s continual research and adaptation to the latest market changes have been instrumental in helping me make informed decisions.

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[@Millerj2450]

Stability is a result of our economy's struggles with uncertainty, housing issues, foreclosures, global volatility, and the pandemic's consequences. To restore stability and promote growth, all sectors must respond quickly to concerns about growing inflation, slow growth, and trade disruptions.

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[@CynthiaGoodhead]

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She's a licensed broker here in the states🇺🇸 finance advisor.

[@Jamesonjack-s8z]

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After I raised up to 525k trading with her I bought a new House and a car here in the states 🇺🇸🇺🇸and also paid for my son's surgery (Oscar). Glory to God.shalom.

[@JennyNguyen-t1g]

Can I also do it??? My life is facing lots of challenges lately

[@cowsandpigsmaketheearthwar1471]

Extra great one

[@joehovanec1985]

Every person in the US and in the world should listen to you and let things sink in.

[@AB-bh6rb]

As always. Very good video!

[@astralab-d1]

Labor is superior to capital - Abe

[@jillfryer6699]

LOL. So Abe thought capital needed a leg up, to 'even the playing field', so enable them to get their own political parties to make laws to help the poor darlings.

[@jgalt308]

So you missed the rest of the quote..."Capital has it's rights which are worthy of protection as any other rights." As Wolff is a master of self-contradiction that he would cite one by Lincoln is hardly a shock...as he does it so often himself. What is a shock is that most of his audience remains completely oblivious to all of it.

[@astralab-d1]

@@jillfryer6699 Are you ready Jill for some droogy UV? I’d beware of your “darlings” since they want to laugh out loud like you. Haha 😁

[@astralab-d1]

@@jgalt308 The common denominator in all this is purpose. Capital and labor are two sides of the same coin in that they both serve a common function and really are inseparable. A functional business treats both as equal counterparts directed at a common goal where neither part is in the game as a “game” but in it for the common good. The question is, is the common good derived from and contingent upon competitive economic practices? Does competing foster and engender vanity, secrecy, coercion, corruption, anxiety, despair and chance? If we are able to not leave the solution to a problem to chance, why would we do that?

[@astralab-d1]

@@jgalt308 You appear to have some sense and good manners. Debating you may not be in vain. People of your caliber, although heavily indoctrinated in provably insufficient logic, are usually diligent, hard working people that in my opinion are the next converts waiting in the cue. Very often this stereotype eventually becomes an ardent supporter of this new unfolding of prosperity. Loyalty is an admirable quality and shows you are willing to die for what you believe in like all good patriots are poised to do. Nonetheless, you are asking pertinent questions that need solutions and will help if I can.

[@jamied.-nv6dm]

2 Parties = 100% WWE Performance 🇺🇸

[@davidluckens3479]

Thank you for this probative video-It reminded me of several realities,first,that more than half of the 19th century was over before chattel slavery was abolished in this country.2nd,by the time Lincoln made the speech you mention,he was no longer a backwoods country ,circuit riding lawyer.He was a wealthy corporate lawyer who had made a fortune representing railroads,and insurance companies etc-His genius lay in his intellectual honesty-He knew the system for what it is-I wish he could ,master communicator that he was,somehow communicate to Rep Pelosi that we are most assuradly NOT all Capitalists now."

[@MadWolfMike]

Excellent Episode as usual! Thanks so much for all the work you do!

[@kp6215]

May Day is Labor Day.

[@BlackPill-pu4vi]

It's been well over 40 years since the U.S. paid any mind to Labor Day and what it once represented.

[@JuanCarlosbarquero-f3e]

And, May 1st is celebrated around the world except in the US. Yet, it was 1886 in Chicago and Haymarket affair, when it started

[@matthewingerson]

Make both National Holidays. And make voting days National Holidays while we're at it.

[@NapaValleyVegan]

I vaguely remember reading the US refused to celebrate on 1 May because of pro-labor parties being linked to socialism & communism. The US decided to crush both of those parties so it could not allow Americans to see the positive aspects of either party.

[@JuanCarlosbarquero-f3e]

@@NapaValleyVegan yes, and it was long before Bolshevik Russia. In fact, the response to it by the business classes has led some historians to call it US's 1st "Red Scare" for a total a total 3

[@bonanza27]

thanks professor wolff happy labor day 💖🙌

[@horridohobbies]

It was Julius Nyerere who famously quipped: “The United States is also a one-party state but with typical American extravagance, they have two of them.”

[@Oli_H_]

Thanks Professor

[@justinsullivan1285]

EU/professor Wolff's videos are always informative and learn something new. Have a good Labor Day to all labor.

[@PeterAndrews-u2d]

I salute you, Professor Wolff. You break “seemingly complex” subjects down to basic principles, much like my own mentor, Amar Bose (admittedly a completely unrelated engineering field). It speaks to your deep understanding of the forces involved. Yet you use language that all can understand. You are a beacon, please keep the light on.

[@jgalt308]

Yes, he shines like the wick of a candle that has been extinguished.

[@funwisely]

Thank you very much Prof. Wolff for educating US 🇺🇸 and highlighting the importance of labor ( Human Workers) in Corrupt Capitalist Society on Labor Day ❤❤❤

[@randievietti5131]

Perhaps a "happy. protected" workforce was, is, has been, and will be productive

[@kurakuson]

....protected by who and from whom?

[@randievietti5131]

@@kurakuson the state/federal government that issues sweet candy to corps while the workers get vile vinegar

[@RussellNorris-h2c]

Very interesting about what President Lincoln said about labor.

[@SSStephenson123]

Haven't watched you in a while. You look good. Great messages always. Thank you

[@bluewater454]

I loved Wolffs little story about what happens in a protection racket. You know who runs the biggest protection racket? Starts with “gov” and ends with “ment”

[@publicdomain1103]

If I was King of the world......I would free the world of tyrants.

[@yogi4lyfe]

Thank you!

[@petermundale3651]

'Twas in the back shop of a unionized printing company, circa 1989, a retiring employee said to me, "Labor can create capital but capital can not create labor. I think Abraham Lincoln said that."

[@roguetool8869]

Make it that your wealth is a disqualifier to run as a Labor Party candidate.

[@seanzhang5554]

Nice introduction music！😊

[@Zenoandturtle]

Congrads on 400k subs! Great work!

[@Warhead-Vun]

I totally agree with labor being superior to capital , presently I am driving the unionization of my company's workers after 10 years of failed attempts to reason with the employer for a more equitable distribution of wealth and asking for our rightful share of the output of our labour. My idea of forming a worker union stemmed partly from watching your shows. I was even threatened by my employer with show cause letter and disciplinary action for making too much noise about worker welfare. Yes, without union representation, employers will do anything to shut out labour issues with threats and get away with it.

[@tylermadsen6596]

Thanks!

[@JuanCarlosbarquero-f3e]

"You know who was into Karl Marx? No, not AOC, Abraham Lincoln" 27 July 2019 Wash Post ... Lincoln was US's 1st Republican president. A lot has changed

[@jgalt308]

Only the names have changed...to protect the guilty.

[@heyyall1912]

On point, Prof . Wolff

[@amymartin7272]

What is authority; well, well, well - - and voice is developing. Work is a joy and pride is age.

[@thomasduggan8755]

Great show everybody keep up the usual suspects 💰💵🤑❤️

[@astralab-d1]

18:33 In essence, labor costs are paid once to a laborer to mine and make a hammer yet the hammer continues to produce value for the capitalist long after the laborer is gone. Hence, the dissolving hammer which ceases to work after only one use unless the worker is paid a “royalty” on each end every use of the hammer that produces value. See, labor can play that game too.

[@jgalt308]

No, it can't. Since it had nothing to do with the elements of acquiring the parts of the hammer. And that labor had nothing to do with acquiring resources needed to make the parts. And that labor had nothing to do with the knowledge of what use to make of those resources. The labor has already been paid...what it produced may or may not be sold, a profit may or may not be realized. Whatever the result the labor has been paid for...and if you want to play the game, then take the risks. Gather all the like minded labor you want, pick something and reproduce it at a lower cost. Then you can divide the profits any way you want.

[@astralab-d1]

@@jgalt308 John Galt, if the capitalist was to disappear, I’d wager the laborers, which include the skilled laborers, could and would pick up very easily whatever role the capitalist investor had in making that business run. Conversely, if the labor disappeared, the same cannot be said.

[@jgalt308]

@@astralab-d1 The capitalist is all the means of production in its original sense. If you need examples of how this happens, you have innumerable examples from the post-civil war period in the U.S. Edison, Carnegie, Astor, Rockefeller, etc., take your pick and see how they built what they did. To reduce the definition to an "investor" doesn't really convey the range of expertise required to start and run a business from scratch. If you buy stock, you are an investor, but you are totally detached from its operations. You are correct that labor can keep an established business running, so let's examine the proposition from one of Wolff's recent references. Take Starbucks...which is NOT a franchise operation, so the "labor" in this sense would include the entire operation at any physical location, including mgmt. At some point, Starbucks "the capitalist" decides that a certain location, no longer meets its profit requirements and decides to cease operating it. We know "labor" is capable of running the operation on the day to day, but when the "capitalist" leaves, all manner of "other" things go with it, including the name, and "labor" has no experience regarding the replacement of those "other" things. So the question for you is: how many of those "other" things would "labor" be capable of replacing...and by what means would they do so?

[@sheilagrant2583]

Thank you for this video explaining our government

[@RadicalCaveman]

Our president was a COMMIE!

[@horridohobbies]

Didn't Donald Trump from the Republican side say he was on the side of the working man? LOL.

[@richardscathouse]

Because he never was. Ask any of his employees 😢

[@longyou8254]

Thx for the analysis

[@phyllisvalentine7411]

💯💯💯💯

[@transluxlyceum3236]

Awesome analysis, as per usual.

[@bluzcompany2293]

This country is one big monopoly...

[@jgalt308]

Tyranny!!!!

[@bostjanpalcic832]

Hvala.

[@earlviney5212]

Pretty soon they'll want to turn labor day into entrepreneurs day

[@astralab-d1]

Jack! 👍

[@stationtavern8527]

In the meantime, the bipartisan regime remains as the only political choice for the workers (and everyone else) in the US!!

[@bluewater454]

Fun fact: twenty five percent of eligible adults in the United States own land. Is that a “tiny few”?

[@patriciacvener1968]

I say something and I try to "do" as well. I don't know if I'm having an impact, but if I do or say nothing, I surely won't.

[@jgalt308]

Well there is talk and then there is action...and impact can be either positive or negative...so you might as well lead by example, and suffer the consequences or benefits accordingly. Wolff is all talk...on your dime.

[@patriciacvener1968]

If you think "talk" is without value, why are you here? Also, what dime? There is no charge for watching these videos. And if you mean the embedded costs of using my equipment (phone, computer, whatever) that is the same whether I choose to learn from and be inspired by Professor Wolff or spend that time on something else, perhaps less relevant to me, using the same equipment. 😊

[@jgalt308]

@@patriciacvener1968 Yes, most people prefer free B.S....but it is not free as someone is paying...it's just not you or Wolff. Thanks for clearing that up...as I didn't want to assume you were a "paying" customer.

[@patriciacvener1968]

@@jgalt308 Well, clearly I disagree with your assessment that Professor Wolff's insights are BS. Further, if I could afford to pay (or donate, if you will) I would. This is how "pay what you can" works. Again, if you are so convinced that what he offers is mere BS, why are you here? You are paying with your time. This has been mildly entertaining but but further discourse, I can see, would be a waste of my time. And possibly yours as well.

[@jimbranaghan1228]

If you were a capitalist you could afford it. ​@@patriciacvener1968

[@astralab-d1]

24:13 A “deal” can be fair but almost never is due to competing. This means deals almost always involve COERCION of some sort and are rarely fair. A true new deal would mandate all “deals” be guided by cooperative principles that disincentivize coercion while yielding fairness.

[@Platformdestroyer]

Good.

[@KaiCo-oi3fh]

I know an economist who learned their PHD from UCLA I showed him your living labor total labor equation and they about lost it on me. After the cool dog they realized capital to create wealth and inequality by stealing from the laborers but they put into the output that drives the market of supply and demand. Called me a socialist and a communist but a lot closer now that everything's said and done

[@BlackPill-pu4vi]

Be careful when refusing to bow before the idols of Reaganomics. Even if every inch of the altar is stained by the victims of neoliberalism, it is clean and pure according to the priests.

[@ExPwner]

Capital is not stealing from labor. Your theory is wrong

[@BlackPill-pu4vi]

@@ExPwner Depends on what form capital is taking. Debt capital always steals from labor. Finance capital always steals from labor. However, classic capital is created FROM labor and labor has first rights to the fruits from it.

[@kenc.8408]

Tell us how we can start a Labor party, it sounds like a good idea.

[@kp6215]

That’s what I said am born same day as Lincoln.

[@astralab-d1]

My prediction is the American oligarchs are to be presented with an escape plan to redeem themselves which is non-negotiable. My guess is they will take it gladly considering the immense legal trouble pending if they don’t. They will want a new “new deal” but was told that isn’t going to happen again because the old system has been cancelled. System cancellations are ramping up in a big way. Maybe this weekend?

[@raelsackey104]

The Civil War was a labor conflict, more so than a race conflict! That is why I always say, that I am more concerned with class than race. If you remove the power of the capitalist class, you are left with prejudice, not racism. Bacon’s Rebellion showed that class issues can bring the races together. In its aftermath, the power class instituted laws to separate the races, in a cynical tactic of divide and conquer!

[@Valee-Laplace]

We need a whole new vocabulary to express these concepts. Americans have been conditioned from birth to associate economic buzzwords favoring capitalism as good and anything discussed as being wrong with capitalism as evil. In our black-or-white cultural way of thinking, most valid discussions, pointing out the discrepancies, have been twisted into distorted views by a tired and perverse usage and understanding of these same buzzwords,

[@jgalt308]

Or, in Wolff's case, the exact opposite. "Private ownership of the means of production." seems just as accurate now as it ever was. If you don't own the fruits of your labor, you are a slave. So it works just fine there also.

[@jillfryer6699]

@@jgalt308 Wont work with works of art increasing in value or price long after the artist has sold, lost or abandoned them. Art is special.

[@jgalt308]

@@jillfryer6699 It works with everything...but it is an interesting claim, and probably more dependent on how you think it should work rather than how it actually does.

[@DerekFullerWhoIsGovt]

🙏🏽

[@CybernerAmericaEVChargers]

You guys think Dr. Wolff speach was to us. But I hope you understand Hes right here talking and proposing to the "higher clubs". He knows hes been watched.

[@randievietti5131]

talk about socializing costs and capitalizing on gains with respect to the ever increasing home owner insurance rates, presumably, due to huge losses in fire-express in California

[@texasbluebonnet4303]

If I am accurate, Labor Day was designated to be the first Monday in September to give working people Saturday, Sunday, and Monday off to rest.

[@SalvatoreStefanelli2739]

Dear prof. Wolff. one of the ways the current systems sustains itself is by selling the "dream of hard work". Yes, you will be exploited for a few years of your life, just like the older generation was who is now enjoying the fruits of their labour and have in effect morphed into a small capitalist like a caterpillar into a butterfly. It is a powerful argument that has a lot of appeal. The next objection is to point to "crony capitalism" that is those who have accumulated vast wealth (by any means) and they rig the system to prevent others from doing anything similar. These transform from capitalists to rentiers.

[@jgalt308]

They were never capitalists.

[@someonenotnoone]

@@jgalt308 There's no free market for people excluded from equitable use of natural resources. Just a minority hoarding through violence and a majority of slaves.

[@ExPwner]

@@someonenotnoone”hoarding” isn’t a thing

[@itsbeenwritten2518]

Now capital makes labor possible due to all the laws they put in place...ect.

[@sarahfern7128]

Vote Green

[@jp783]

Professor Wolff, between the cretins and the bots, you really need a moderator to approve YT comments or just disable them altogether.

[@eldragon4076]

Reading them is optional. We (still) have a free speech in the U.S.

[@jp783]

If you think "free speech" exists on YT and is allowed by Google and also think that a moderator would curb the aforementioned, then you are little but a complete, total imbecile. So, yeah, thank you for being exhibit A!!

[@Grosflam]

@@eldragon4076 No lies allowed.

[@buttercuptaylor7135]

You need to read the First Ammendment.

[@TheDentedHelmet]

​@@eldragon4076 Can't say for sure if you do...considering conservatives and everyone in the right and (real) left complain that free speech is getting curbed. But your Nation is the one curbing Free Speech rights everywhere else in the world, both through proxy Governments like the ones in Pakistan nd Bangladesh; sanctioning and Banning all Independent Journalist (anyone speaking against Ukraine, US or Israel, across the world) and most of all in these monopolised Big Tech Platforms, where everything but Democrat Propaganda is censored and auto-removed. Anyone who types anything that is again western establishment propaganda is censored and banned. But if it's a Jewish Thot wearing IDF uniform, they can pretty much do or say whatever the hell they want on these platforms like Facebook, Insta, KZbin, Tiktok and all the rest.

[@thalgott3]

#JillStein2024 for Labor.

[@АлександрРусаков-в4с]

Martinez Sandra Anderson Ronald Thompson Michelle

[@thalgott3]

The Green Party is a Labor Party...ask Kshama Sawant...

[@scroopynooperz9051]

One gets the idea that if someone like a Thomas Jefferson or Lincoln could grade their social experiment today, they would be stinging in their critiques

[@jillfryer6699]

one is allowed to hope. I reckon they'd find wriggle room to salvage their reputations.

[@slipdishman8443]

Workers of the world unite!

[@CHIEF_420]

"VP" Harris necesita usar "Gov." Walz y Presidente Biden más para promotor ella y los "Democrats/Progressives" en la 2024 elección 🇺🇲

[@nicka731]

Labor Day is on May 1st but it really should be the May 4th.

[@g.m.8360]

A very interesting subject for today Labor Day in the United States you can see our labors falling apart just by our economy before our eyes most of our skilled workforce is struggling lacking the skills and care for what they do it’s literally like a over worked under paid slave with no hope or dreams since masters and slave is mentioned lots of parallel 🤔👍

[@jillfryer6699]

a brilliant exposition. Now, shouldn't the sainted Abe have seen that allowing Capital access power through running and financing its own political parties and allowing no such provisions for Labor to have its own party and thus the same easy rides as Capital was a brilliant recipe for the strangling in its cradle all hopes of a fair go for workers, whether builders, train drivers, miners, teachers or shop keepers? Emancipating slaves was no act of great virtue; it was not even a good business move; it was the only possible business move because by then the rest of the "civilized" world, the ations the USA wanted trade with, had steadily become more appalled and disgusted by the slave trade, had already abolished it and was on the way to refusing to trade with any country ("civilized", of course) which didn't. A time when the sanction was on the other foot.

[@jgalt308]

He didn't emancipate any slaves. He wrote a document that pretended to. Much like Wolff writes and talks pretending to understand history and economics. There is no factual or empirical support that demonstrates this to be true. But like all fairy tales, it is comforting for the children.

[@tjsmith5477]

Mr. Wolf made Millions of Dollars has a Capitalist but Preaches Socialism! Socialism: To satisfy the needs of those in Power!

[@jgalt308]

When was he ever a capitalist...he has never produced anything except hot air, and was overpaid by the state to do it.

[@someonenotnoone]

@@jgalt308 Once you realize that "be productive" under capitalism means "do what someone with money wants" it's perfectly obvious how Wolff counts as being productive.

[@jamessmith1785]

"Industrialism became life itself. And governments refused to touch it or having touched it with a multitude of half measures, interfering with economic laws, exposed itself as baffled or even worse. Numbers were on the side of labor. If anyone is discussing self-government and its success and the sincerity of its claims to success under any form of democracy, let him explain why labor did not and could not dictate the complete regulation and all the equities of industrialism and of the so called class conflict. Capital had the money. Labor, however, had the votes. And yet democracies which made their pretenses with sweet psalms of self-government and pretty poetry as to the power of the franchise, did nothing substantial and much that was frivolous. How is that?" What beat the numbers of the self-governed was the democratic system; what defeated even the liberals’ pretense that self- government was in existence was the political party. -- Richard Washburn Child (“The Writing On The Wall”, 1929)

[@jillfryer6699]

One can see why that work must've been kept locked away. Never heard of it. Where did you find it?

[@jamessmith1785]

@@jillfryer6699 Locked away for many reasons. Child was US ambassador to Italy during Mussolini's time. He wrote his biography while in Italy with Mussolini's aid. I found this book on ebay 2 years ago, very hard to find. It explains why democracy fails because it has never truly existed either by manipulation of financial powers or human ignorance and complacency (predicted by many famous men in history). Surprisingly these experience were recorded a century ago, Other passages; “Before the war [WWI] the world was already recognizing, even if no one would say so, that government did not do much and charged a fearful price for what they did. Somehow democracy, even more than the sovereigns we once shuddered over, met real questions usually with utter cowardice, pointing blame at various political parties in constant battle (in an arena of studied insincerity) and under the mutually accepted facade of “self-government”. The nearest approach of an idea of responsible government at this time came in forms of socialism, and even that was a theory, a policy or an issue; it made a sorry pretense, at offering any new effective machinery to administer the job of government even after a job was defined and an aim or policy laid out. Socialism wanted to found a new home, but it had no house and no tools and no bricks or wood”. - Richard Washburn Child. (This analogy was correct until the March on Rome and prior to the birth of Italy’s new system of state and social- economic control, lost 20 years later with WW2 involvement) "Once upon a time a diplomat visited the Institution of Agriculture in Rome. It is a useful international foundation implanted by King Victor Emmanuelle III of Italy. It endeavors to bring to a center the world’s knowledge of agriculture, and consequently the world’s food supply. When the diplomat left the Institute he went to see the King with an idea that came spontaneously to mind. It was that beside the Institute of Agriculture there should be founded a center to bring together the world’s knowledge of government. The King made a wise comment; he said: “The world has not much knowledge of Government.” - R.W. Child Another passage from the book "Reflection by Guzziferno; FDR dispatched members of his so-called brain trust to fascist Rome to study fascist policies, with a view to importing some of them to America. FDR viewed fascism as even more progressive than the New Deal (from which it was inspired), and he wanted his New Dealers to learn from it. Rexford Tugwell, FDR’s close adviser, upon returning from Rome wrote of fascism, “It’s the cleanest neatest, most efficiently operating piece of social machinery I’ve ever seen. It makes me envious.” FDR regarded his National Recovery Act (NRA) as the most important of his New Deal programs. It was directly modeled on Italian fascism. The NRA empowered the federal government to establish coalitions of labor and management in every industry to set production targets, wages, prices, and even maximum and minimum working hours. According to Tugwell, the NRA was designed to “eliminate the anarchy of the competitive system.” FDR’s man to run the NRA, General Hugh Johnson, was an avowed admirer of fascism who carried with him, and routinely quoted from, a fascist propaganda pamphlet, The Structure of the Corporate State, written by one of Mussolini’s aides. Under Johnson, the NRA issued its own brochure Capitalism and Labor Under Fascism. It acknowledged that “the fascist principles are very similar to those which have been evolving in America” (At the time of the New Deal and not as we have evolved today). “In the North American Review in 1934, the progressive writer Roger Shaw described the New Deal as “Fascist means to gain liberal ends.” He wasn’t hallucinating. FDR’s adviser Rexford Tugwell wrote in his diary that Mussolini had done “many of the things which seem to me necessary”. (FDR also collaborated with Oswald Mosley.) Roosevelt himself called Mussolini “admirable” and professed that he was “deeply impressed by what he has accomplished.” The admiration was mutual. In a laudatory review of Roosevelt’s 1933 book “Looking Forward”, Mussolini wrote, “Reminiscent of Fascism is the principle that the state no longer leaves the economy to its own devices.… Without question, the mood accompanying this sea change resembles that of Fascism.” He wasn’t the only one who was impressed by this leadership in Italy. At that time, no less than the U.S. Ambassador to Rome, Richard Washburn Child who became an admirer of Mussolini presented the opportunity and compelled him to allow Child to write his autobiography and explain fascism to the world, which he later agreed to do. The similarity of FDR’s government arose again in 1976 when presidential candidate Ronald Reagan incurred the ire of Sen. Edward Kennedy (D-Mass.), pro-Roosevelt historian Arthur M. Schlesinger Jr., and The New York Times when he told reporters that “fascism was really the basis of the New Deal.” (But what he failed to add was that it worked, and many programs within it like social security are the most ongoing and successful to this day in the history of U.S. government programs) (Also Fascism was not nazism or communism as we have been educated to believe despite the dictatorial alliance,, it was forced and managed socialism)

[@AnnieT369]

How your later presidents have lost their way.

[@Stinky95030]

yo from NorCal

[@kp6215]

Me Too

[@Plarndude]

I’m a Kopimist. A criminal sharer. I want to purchase your books then share them illegally with people who can’t afford them. I will not stop being a Kopimist.

[@jillfryer6699]

Why and how is it criminal to share anything with anyone?

[@Plarndude]

@@jillfryer6699 copyright law is enforced in the USA. People have gone to prison for copying music.

[@JoseColomer-e9u]

🩵🩵🩵

[@LightWeaver]

Workers of the world, unite ✊❤️🖤

[@Marius_vanderLubbe]

I would suggest the indian war was the most destructive war for the country. The only problem being that the victims were/are the wrong color.

[@jgalt308]

Why? I recently watched a brief video that ranked the 3 fiercest tribes...in terms of the torture they inflicted on their enemies. ( regardless of affiliation ) They were 1.) Commanche 2.) Iroquois and 3.) Apache But the comment section was even more interesting...because the majority of comments were those complaining that THEY were not on the list. But I guess you had to be there to appreciate it from their victim's point of view.

[@Marius_vanderLubbe]

@@jgalt308 Yeah. I'm sure you support the destruction of life in Palestine, too. Get away from me with your witchcraft.

[@vivalaleta]

@@jgalt308 Why do I always find you on the wrong side of history? The land belonged to the native Americans and with false promises the government stole it. Ever hear of the Trail of Tears? Try to turn that around to make it the indigenous's fault. I am so tired of hearing from you, Hitchens, etc. that some other government is perpetrating horrors so we had to wipe them out. What garbage.

[@sansocie]

I'm always amazed that people do not see labor as above capital. No labor, no value. We need a fourth way. Peace

[@jgalt308]

No capital, no labor. What's the third way?

[@someonenotnoone]

@@jgalt308 "no capital, no labor" except this is fundamentally false. Labor only needs natural resources. Capital is not required to labor. Labor and natural resources are fundamental. Capital is derivative, a product of labor.

[@ExPwner]

Nonsense. Labor is not the source of all value. See interest.

[@someonenotnoone]

@@ExPwner The other source of value is natural resources. You can earn interest charging people to use natural resources but this is rent seeking and it doesn't actually benefit society as a whole.

[@guidocasero1178]

hay!!! put me down on the labor ledger/ party

[@sistergrimace1567]

I can tell you right now what makes land: guns

[@jgalt308]

Enter infinite regress and you end up with?????

[@andrewross2247]

How does your dissertation float within an environment of AI and robotics in which capital seeks to REPLACE labour?

[@jillfryer6699]

look into the Robodebt and British Post office scandals. The human tool cant be replaced. Nor the human brains which invent AIs, robotics etc and all the dtails and changes in the way they operate. Leave them alone for a moment and they'll create havoc or fall into the hands of some criminal mind who'll empty your bank account. Not tthe AI. the criminal.. People have foolish fantasies that these things will grow a consciousness of their own and enslave humans.

[@earlfreeman93]

Who is going to setup the laboris et societatis party?

[@astralab-d1]

20:30 Wolff and Lincoln have a philosophy aligned with Native American values. Isn’t that poignant?

[@Afroozletters]

I think you miss understood the whole economics of how to run the country and world.

[@jgalt308]

It's a small cult competing with so many other factions of victimhood.

[@LipingKong-ms1zm]

If you say too many times, you will be considered " crazy" be sent to jails or mental facilities.😅

[@jillfryer6699]

say what