Wolff Responds: Evaluating Biden's Shift Leftward

[@Evaexperiment01]

Thank you. So many people give him soooo much credit for a temporary 1000 increase in child tax credit and even suggesting infrastructure before seeing anything as how it is implemented. He is barely scratching the floor of what needs to be done in any regard. Thanks for lending your expertise.

[@freepalestine2434]

But he forgave $10 of student loan debt! He pretended to address environmentalism! He bombed Syria! :p

[@user-qv4rj3fo9b]

It's not the politicians fault. The voters put them in power every couple years. If the American people would wake up maybe we'd have some real representation.

[@freepalestine2434]

@Temporary Account I can't speak for you but I got all $1600 of my $2000 check promptly.

[@freepalestine2434]

@Temporary Account :p

[@JohnT.4321]

@@user-qv4rj3fo9b The only real wake up for the American people is to realize that the two dominate political parties are controlled by the capitalist class and they are the ones who are represented. The rest of us not too much. They need to break the habit of voting for these two parties and vote for either the Green Party USA or for the Party for Socialism and Liberation.

[@bingus3582]

There will never be another FDR. The corporations made sure of that.

[@rogbrogb5341]

FDR correctly bragged that he saved the capitalist system. Shame.

[@jgalt308]

One was too many...

[@SorceressWitch]

Good, we don't want people being put into internment camps.

[@Mortum_Rex]

Then there will need to be guillotines. I'm sure the French will be happy to dust off theirs and send them over on loan. And boy, do they get results!!

[@wvu05]

If there never will be because of the corporations, why even bother? Are you trying to help the Republicans by encouraging apathy, or do you just like to say vacuous things?

[@beesplaining1882]

Biden's sudden progressive bent appears so impressive because America starts from such a low level. So he will get lots of unwarranted accolades for very little real effort.

[@DistractedDaisy]

Sad but true!

[@bingus3582]

2000$ cheques, 15$ minimum wage, medicare for all...oh right none of those happened

[@TokenBlackman7]

Biden only committed to two of those stances... And, quickly, ran from both promises, after taking office.

[@bingus3582]

Promises he did keep..continue building border wall, build more migrant children camps, continue building Dakota pipeline, increase military budget. People don't realize Biden is more right wing then Trump.

[@MisanthropicAndOutOfCoffee8380]

Ayanna Pressley and AOC need recalls to put real pressure from the left. The recall can happen a lot sooner than a primary challenge and would be more likely to work, especially with AOC. This is because conservatives would jump on her with spite votes.

[@aaronanderson4894]

@@TokenBlackman7 It was pretty two-faced. "Oh wait! Trump gave you $600 already so that means I only give you $1400 after promising for days that you would give the people $2000 checks!🤥 and apparently "He also has student debt"....He must know what it's like right?😒

[@freepalestine2434]

@@aaronanderson4894 He graduated at the top of his class with three degrees on a full scholarship, not to mention he got arrested trying to meet with Nelson Mandela back when he was George Galloway.

[@laurasweeney2546]

We need universal healthcare, education for all, and 100% student debt freedom. This is my opinion.

[@TheMegaMemer]

Good opinion

[@melaniel.s8990]

Agreed 👍 , Mr Biden however is definitely no Bernie Sanders 🔥

[@xiaoq8329]

Cannot agree more!

[@biometronome7010]

I agree and think people should receive a living-UBI throughout their free education so they don't have to work at the same time. Also a living-UBI while they train for new positions as we transition to green economy, worker-coops, social healthcare, etc.

[@thefacelessstranger4983]

You also need to stop being such warmongering imperialists.

[@Mediumdoo]

The country needs universal healthcare. All else comes second to healthcare

[@TokenBlackman7]

Eradicating the corporate influence of money in politics makes ALL other issues easier to pass.

[@freepalestine2434]

@John Spöner Sounds like the rest of the developed world my guy. en.wikipedia.org/wiki/List_of_countries_with_universal_health_care

[@collybeans586]

Yeah how can you focus on anything else in life if you're worried about paying healthcare bills.

[@richbright540]

First they poison the food some eat? Then make them pay again for the rest of life for medication. Very Profitable

[@Seychelles-10.]

@John Spöner Cuba and other Countries that tried to go left had an immediate response from the USA and their Leftist Governments ELECTED WITHOUT FRAUD, were toppled or drowned in Sanctions (WMD) and could never show the full potential of the Left, Socialist or Communist*. That's the only reason and Bleach that makes you say that Socialism never worked. The USA didn't let that happen. Too dangerous if the People of America found out. Hey, this is way better than Capitalism (where people are disposable) and it has paid vacations, maternity leaves an entire salary for Christmas (which makes 14 paid months in one year (12 months) and ABOVE ALL IT HAS UNIVERSAL HEALTHCARE, paid with taxes but so much less than what you pay to the Insurance companies that actually don't insure at all. They make you pay for your treatment??? *China is Communist and has no concentration camps and Human Rights violations. Ok a few but it's nothing compared with the USA.

[@TheBigGSN5]

When the rent protection runs out, millions are getting evicted.

[@glen6945]

true

[@spencerschubert5001]

Sounds like a recipe for a revolution

[@ATREX643]

That's why Biden signed 50 billion dollars in rental relief in the COVID stimulus, and signed another 35 billion today.

[@bozo5632]

They'll do it gradually. We'll get used to it.

[@iananderson6705]

Giving nothing but rhetorical crumbs hoping to appease the disaffected.

[@andreakliauga7281]

Thank you for the analysis

[@MisanthropicAndOutOfCoffee8380]

Dr. Richard Wolff and Jimmy Dore 2024! We really need this.

[@712dal]

We live in an age where simply saying one is in favor of a policy EQUALS the policy.....so although absolutely NOTHING has actually been passed we are told BiDeN iS nOw lEfT

[@GregoryWonderwheel]

This is the importance of the current situation in our political landscape.

[@robertfelts8773]

You're such a cool guy. I bet it's fun hanging out with you. A genius, if for no other reason than because you were aware enough of your mind and your instinct to use your voice and your brain to share these views as you do

[@ridleyscott5234]

A reminder that Richard Wolff lost a debate against a videogamer and Twitch streamer.

[@robertfelts8773]

@@ridleyscott5234 lol, I saw that and no he didn't. That that dude named fantasy or some stripper name got crushed

[@ridleyscott5234]

@@robertfelts8773 lol wolff said that France was socialist. the stripper named streamer clearly won that.

[@robertfelts8773]

Lol, is that so...funny that you're the only one that thinks the stripper won. Your life is yours to live as you choose, believe as you desire. No concern to me

[@ridleyscott5234]

@@robertfelts8773 funny that you support a guy who thinks France is socialist

[@robini.1338]

PS... I often wish you could be our President!! 🤗🙋🏻‍♀️🌺

[@sherashera7791]

the only consultant is the military complex, america as a whole is just a company run by elites, voting is just a hollywood show

[@doxy5709]

Thank you Prof Wolff. Insightful as always. You're a national treasure.

[@franciscofrancesco7844]

Very, very informative. Thank you, Professor Wolff.

[@puravida5683]

I became a permanent resident of Costa Rica seven years ago. How nice to no longer be burdened with U.S. politics 24/7, domestic and racial issues, junk mail and robo calls! I moved to a country that treats me best!

[@kmtgoddess7793]

@Temporary Account haha I just scream at the top of my lungs into the phone u can call me but let's see how well u hear when I break your eardrum lmao

[@kmtgoddess7793]

@Temporary Account lmao i hope u made duck noises quack quack quack lol

[@DistractedDaisy]

Shut up if you have no skin in the game!

[@stvwds61]

The professor states an argument I have been using to rebut the position of capitalists. Put this way; You defend tax cuts to the rich through which they then leverage by buying treasury securities issued to cover their very debt they did not pay. As a result, you are paying them interest on the very debt they didn't pay. So you are good with that?! And this is only one way they are benefiting on the backs of the average wage earner through a highly gerrymandered tax system.

[@jgalt308]

Except that since they produce NOTHING, they are NOT capitalists.

[@stvwds61]

@@jgalt308 What capital means? Capital is a broad term that can describe any thing that confers value or benefit to its owner, such as a factory and its machinery, intellectual property like patents, or the financial assets of a business or an individual. www.investopedia.com › terms

[@jgalt308]

@@stvwds61 Well it's not relevant, but you might as well check the etymology too...meanwhile, " Except that since they produce NOTHING, they are NOT capitalists." Your observation is correct for those who are in control. You are just using the wrong description.

[@stvwds61]

@@jgalt308 Wall Street is held up as the epitome of capitalism, which is fueled by the wealthy. Who through their very association and participation are in fact, capitalist's!

[@jgalt308]

@@stvwds61 Nope...capitalism involves production...no production...no capitalists... see Michael Hudson...and you MAY learn the distinction...or don't, and you will never know who your real enemy is...and mostly it's the government...and the bankers...who can print fiat money...which people mistake as "capital". What exists is the "rentier" aspect which is a continuation of feudalism, expanded to the F.I.RE sector...and to which Marx directed his critique as well as believing that "productive capitalism" would be what brought it an end. Everything that Wolff gets wrong...and he gets almost everything wrong...but look on the bright side, real capitalists have no objection to "socialists"...you can co-op all you want...you can even try to steal stuff...you just won't be able to make it work and you'll only get away with it once.

[@josephsiiiyahoocom]

IMHO opinion President Biden should send out another, but larger, stimulus check: $2,500/ person, and cancel all student debt. Those two things would really help the U.S. get going. Remember: Student "Loans," have had ALL standard consumer protections removed, even bankruptcy. The bankruptcy bar is set VERY high, for student loans. Next, we need national healthcare.

[@michaelali5952]

Thank you, for your insight, Professor Wolff. I always enjoy hearing your thoughts.

[@weezersthebluealbum9479]

Man, Destiny really got destroyed in this debate. Jokes aside, great video as always!

[@gerardo8929]

Who is Destiny? sounds like a girls name.

[@MontageLegacy]

@@gerardo8929 destiny is a rlly big yt on the left. Also whats wrong with girl names

[@gerardo8929]

@@MontageLegacy woooosh

[@MontageLegacy]

@@gerardo8929 Woosh?

[@rrosaseconda]

Thank you, Dr. Wolff. I count on you to maintain "a power of facing unpleasant fact" as George Orwell put it.

[@ohhah1255]

libs gonna be like "sEe BiDeN iS a GoOd PrEsIdEnT"

[@freepalestine2434]

@John Spöner Top-tier sarcasm

[@ohhah1255]

@John Spöner Yeah the 1994 Crime Bill was for sure not racist.

[@jeetadityachatterjee6995]

Keep being critical but if we can take a W once in a while then I am not going too complain

[@ynyfoodservice4456]

He’s better than anyone expected. Hopefully as time goes on the shift towards the left will continue.

[@freepalestine2434]

@@ynyfoodservice4456 He isn't better than Syria, Yemen, Iraq, Afghanistan, Libya, Iran, North Korea, Cuba, or Venezuela expected. His rhetoric is good but I'm not going to trust anything short of policy action.

[@laurasweeney2546]

So many people's lives are tied to those federal student loans made for their education. America is losing human capital due to those loans. Borrowers often can't marry, have kids, invest, or earn decent wages.

[@Seychelles-10.]

America is losing. PERIOD.

[@franciswong3330]

Thanks for truthful Analysis.

[@valerienady3499]

I am surprised by the shift to the left and welcome it. I have been tired of waiting for it and actually gave up on ever seeing it. I hope it continues.

[@portalarizona]

Professor Wolff starts off with praise for Biden but ends up saying Biden, though better than Trump, just ain't no FDR. And even FDR, arguably our all-time best president, didn't do enough. A massive crisis lies ahead when the moratorium on evictions ends. Biden's honeymoon will end. The Second Great Depression will not end when COVID ends. This together with the border crisis plus identity politics plus unemployment plus anger over censorship could open the door for a GOP resurgence, which I do not want.

[@julesjgreig]

Thank you for sharing this.

[@brentlyjb23]

Department of Labor demanded State unemployment to return the Overpayments we had to pay back in recoupments.

[@Marxist2]

Biden is a corporate neoliberal. WE must make his administration pass things we need: healthcare for all, free edducation, help people with our debts period, a clean environment, etc.,

[@jgalt308]

Don't you think having an "actual healthcare system" first...might be more prudent? Medical error is officially the third leading cause of death and that was before covid... and that doesn't include the number of "bad outcomes". If the argument is that 46,000 die from lack of access to THIS healthcare system...how does one respond to the fact that 300,000 die because they HAVE access? And this is NOT the actual number, since medical error has been the leading cause of death since the late 90's... but actually having it "listed" as "the cause of death"...is as disingenuous as the distinction with those who died "of covid" rather than "with covid"... Also the entire "healthcare complex" has had since the 60's to adapt to medicare and Medicaid...while "private health insurance" only accounts for roughly 1/5 of total healthcare costs...and whose profit margin just hit 3% of the total revenue in 2018...so it's elimination would result in a reduction of the per capita costs of over %10,000 per...by $179. This does not mean it should NOT be eliminated...but it is not a solution of any kind to the actual PROBLEM that is "healthcare" in the US.

[@Seychelles-10.]

@@jgalt308 In my Country we have Universal Health Care AND Insurance Companies. THEY DON'T COMPETE simply because you can choose the Insurance Company OR the Public System. It's not "either, or" it's in your hands to choose which. And moreover, you don't have to have any Private Insurance. If you have a car crash and you're unconscious, you can't choose. Don't worry, the Public System will take care of you. The private sector and the public have the same Doctors.

[@jgalt308]

@@Seychelles-10. Unfortunately that is a non sequitur as THIS is NOT your country... and the facts above are ACCURATE...but thanks for sharing.

[@Seychelles-10.]

@@jgalt308 I'm sorry but 3% of profit margin? 1/5 (20%) of the total cost of Healthcare . I don't buy it. You have the most expensive healthcare in the World. Why do you (Americans but few) are so much against what works everywhere where it exists and why do you dismiss me because your Country is not mine. I've been reading a couple of stuff you have been writing in these Comments. You're right. Having a conversation with you is a non sequitur. Cheers. PS; Don't answer please, I'm going OFF line.

[@jgalt308]

@@Seychelles-10. All of the above is "public information" as of 2018, so I can't be bothered if you can't be bothered...to actually find it for yourself...and "I don't believe you" is NOT an argument. But you're right what we have is the most expensive...but you left out the fact that it produces the worst results...and it's not healthcare. ( as explained ) But let me be more clear and tag you with my final description that actual "citizens of the this country" end up with..." willfully ignorant, functionally illiterate, unevolved talking hominids"...after investing considerably more "rhetoric" without actually managing an "argument"... as for the link you could have found, I will post it right after this post..since you tube usually deletes any post of mine that has a link... As for your "choice" to run away... I agree...if fact you never should have responded in the first place. But that's what the "willfully ignorant" do...sharing their "opinion" without facts or evidence...and becoming "insulted" when this is exposed...but THANKS for sharing...( although you should probably NOT. )

[@stephaniecarrow4898]

The only real shift left has been in rhetoric and theater, and even that's been minimal. Biden is basically continuing Trump's policies. I'm afraid his response to our continued economic crisis will be repressive rather than progressive.

[@RunForPeace-hk1cu]

Tromp would not have supported waivering of Covid IP or able to administer 200m vaccine in 100days. Couldn’t get out of Afghanistan in 4yrs in office. Corne on bro.

[@JohnT.4321]

And why do we as American still continue to vote for the corporate political parties to remain in power? Seeing both parties represent the capitalist class, don't you think we have to change and vote for actual Left Third Parties?

[@TheWindGinProject]

One of the best modern day / easy to follow explanations of the USA economy by Richard D Wolff . May 04, 2021. I highly recommend this video also by Richard D Wolff regarding the history behind income inequality. Video title: Economic Update: The Great American Purge

[@scroopynooperz9051]

The Wolff of Main Street never disappoints :)

[@williamblack4097]

I agree with Professor Wolff's analysis about capitalism and even his analysis in this video. However, to say that Biden or any part of the Democratic Party has moved even slightly to the left is a bit much. We must not forget his nationalistic warmongering. I don't agree as far as policy is concerned he is any better than Trump. This right-wing president will continue as Professor Wolff says the undoing of the New Deal.

[@fifteenbyfive]

"Stopping it... reversing it...there's no sign yet." He's been in government for 50 years. If you were looking for a sign, you can stop looking. "He's way better than Trump" though so there's something to make you feel better while you're being taken to the proverbial cleaners.

[@Seychelles-10.]

People change. But the rich agenda does not and that is the Problem. You cannot blame the Politicians. The Deep State in plain sight, the Corporation's and the Very Rich are in charge. That's why you have one single Party with two names. You can blame the Politicians for being Corrupt. But the top decisions come from those Psychopaths.

[@fifteenbyfive]

@@Seychelles-10. If the corporations are in charge, we can blame the politicians. They're in bed together. If you want to peel this onion we can start with the one we choose not the one we can't. We're not major shareholders. We're not on the board. We're voters. We're not voting for anti-corporate politicians we're voting for politicians with a 50 year history of corporate welfare. In a way I agree with you. It's not Joe Biden's fault. It's the people who keep voting for him and all the rest of them in our fake two-party system.

[@Seychelles-10.]

@@fifteenbyfive Just a small correction. I DID say you can blame the Politicians for being Corrupt. Or in bed with the Rich shareholders and the Corporation's Board of Administration and all the Multimillionaires and Billionaires that bribe the Politicians for passing a Bill that suits them. We agree all the way. Cheers.

[@fifteenbyfive]

@@Seychelles-10. You did. If we're sitting together at the table and you're talking, I'll be nodding my head a lot.

[@jeffmurray1681]

@@fifteenbyfive Well said.

[@MontageLegacy]

Thank u for creating these short videos. I find it hard to send vids 20 mins long to normies. They can't focus/not interested.

[@jgalt308]

So you think that "ignorance" is best served by passing it out in small doses????

[@MontageLegacy]

@@jgalt308 uh no i mean knowledge can be given out in small bits

[@jgalt308]

@@MontageLegacy What "knowledge" would that be?

[@MontageLegacy]

@@jgalt308 well u clearly dont like wolff so why are u even here? But to answer the knowledge wolff provides. My comment does not pretain to this particular video only but in general.

[@MontageLegacy]

@@jgalt308 also ur sub the greenwald speaks volumes as to whom u watch. Why are u even here when clearly aren't interested?

[@Aldo_Regozzani]

Debt is no problem - as long as it has not to be paid!

[@scottlewington4947]

Big spending means nothing unless it’s to the benefit of working people. Lowering interest rates is not progressive unless it benefits working people. What happens is that the extreme right government goes to the right by a large percentage. The “opposition” reverses by 50 percent or 30 percent or 20 percent and claims to be “progressive. Net benefit, 50 percent, 30 percent or twenty percent move to the right = victory to the capitalists.

[@exonelresearch4032]

Pure genius from Wolff, as usual!

[@1VirginiaL]

At 6:08, he mentions Jan. 6 as a foretaste of the kinds of conflicts that are building because of the economic decline in the U.S. (Note to myself)

[@truthlove1114]

What needs to be addressed is the inflation that has hit the housing market, auto industry, crazy stock market that has no basis in reality, gas prices. These are things affecting ever day people. Love Prof Wolff. Inflation is making the money we currently earn even less. Saving what you have in the bank is like loosing money. Corporations and 10% are making out the best in all this. First time home buyers can’t get a decent home. People on Social Security are being inflated out of the market.

[@jcmboyle]

Who's going to really pay for all of this debt? The taxpayer?

[@pistachiogarza339]

I am curious what Professor Wolff's perspective on modern monetary theory is.

[@nixoni.bogaine155]

Spot on .

[@aichpvee]

Bad: borrowing from the rich and corporations to "pay for" spending Good: forget the "borrowing" and just spend the fucking money Best: forget the "borrowing" and just spend the fucking money while soaking the rich with taxes because it's fun

[@malcolmlklein]

No need to “pay for” it with taxes. The 1.9 T bill passed without any discussion of new taxes and is thus a huge net injection of money to the economy. Government deficit spending equals private surplus. If you tax back all the new spending then there is no net benefit to the economy. You may be shifting $ from rich to poorer (and probably a greater propensity to spend/consume) but there’s no net addition to the money supply. Go big and keep spending until we see real sustained inflation. See Stephanie kelton “The Deficit Myth”

[@gustavosarmiento6695]

Please dear Richard Wolf; what is your opinion on "The Great Reset"

[@Guitarpima]

You are aware that jobs are not coming back. Technology has eliminated more jobs than we know. Unless he provides a plan that “the Venus project “put forward and centers cities around the University, nothing will happen. We can educate our way out of this monstrosity of nonsense if we choose. As long as the monetary system remains in tact, why bother? We must let go of that paradigm.

[@Popeslash]

Please run for office!

[@zeusvalentine]

Prof Wolff - the government isn't borrowing off corporations. It is "borrowing" from the FED, and they just print the money with an IOU from the government. For all intents and purposes they are printing the money - the M2 money supply has exploded in the past year...if anything we will have inflation or possibly hyperinflation as 20% of all US dollars have been created in 2020.

[@ExkupidsMom]

You are the first person who has helped me understand that I am rabidly anti-capitalist, and the "why" behind it. I will always be grateful, and I share your wisdom with anyone who argues with me about the stability and morality of capitalism. You, sir, are the beans!

[@MrDangeruss1]

Capitalism has lifted more people out of poverty than any other type of economic system.

[@nathanaelsmith3553]

Baby steps... let's increase the pace!

[@darrellbrydon2543]

strengthen the unions, get somehow a 3rd. party before another Trumptlike figure arises

[@jc6226]

3rd party= splitting the democrats = republicans in power

[@pauldecristoforo]

Good video.

[@TheNMartist]

Wow, that is way depressing. Hapless humans aren't ready for prime time.

[@edwardyang8254]

Support social programs by making the rich richer... Sounds to me this "left" isn't really better then before...

[@from_each_to_each_1848]

Nice to see some Walter Benjamin up on the shelf there!

[@michaelsamuel7365]

All the problems orinigate from the Natural Rate of Unemployment NRU. We cannot have three (3%) of the working population which amounts to thousands/millions. My book "How to eradicate poverty worldwide" will soon be on Amazon Kindle. It has seven (7) recommendations that will automatically address the NRU. This will bring about what l call "acceptable inequality". This means that the lowest standard of living will be a decent standard of living. One (1) of my recommendations is for all governments to create a bank that will truly serve the masses.

[@Seychelles-10.]

But the movement is hesitant and so far small, not even close to what FDR did. Social Security and thousands of jobs building the infrastructures you have today. That was a Job well done. It was done by the People who needed jobs and paid by the Tax payers, (including the new workers). But the Government did not follow the work that was done. Of course, I assume that millions of tax payers would pay a very small tax for the Maintenance of all that had been accomplished. And no Private Company would do it. There are no profits, only losses. So since the 1930s until today almost nothing has been repaired kept in safe conditions and what is being done, though very little, is better than NOTHING. That's what Proof Wolff has been telling you all the time. I say again, NOT THE POLITICIANS but the Rich Corporations and billionaires are entertained making the rules and policies for the USA and as good Sociopaths, they're having a blast torturing you and making sure you live in Fear at all times. Internal Terrorism, Terrorism from abroad. We know who pays the terrorists. The USA, the biggest Terrorist Country in the World. The idea which makes NO SENSE AT ALL that you have many enemies that want to destroy you. It never was true AND STILL ISN'T. No one wants to invade you, hurt you in any way. . (Though almost nobody likes you) PERPETUAL WAR FOR one reason only. MAKING MONEY. Prof Wolff has perfectly understood what is happening. It's too little and hesitant for what is needed and possible to do. You are millions and they are but a few hundred, maybe a couple of thousand. You know where their factories and HQ are. You cannot keep saying "this calls for a Revolution and do nothing. You are not afraid, you're terrified and many don't know what I'm talking about. Remember the French? Their reaction was immediate. Many tourists had to cancel a few days already paid to visit the City. (I know. Non refundable). Please, wake up with more than words. Cheers. PS: read quickly. This post will be thin air in a little while.

[@egg64]

I'm a simple man, I see that Wolff forehead, I click

[@JohnT.4321]

As a Socialist I have been doing less of that.

[@bretspangler8717]

Being a real conservative is extremely left of the current GOP, even major swing left might just get us to a far-right moderate spot, nothing progressive to see here.

[@genevi3680]

mEDICARE FOR ALL

[@thomasjamison2050]

There is actually a growing interest and understanding in the idea that the only way to move the Democratic Party left is to vote for a third party. Biden is starting to feel that pressure, but most of what Biden does is just show without meaningful effect, and many are well aware of that.

[@ScottDavis-nu5uu]

Is there something I missed? ByeDon's shift "Leftward"? I somehow really doubt that.

[@ammanite]

I'm not a Biden fan, but to be fair, he is actually proposing a federal jobs program, as well, through his infrastructure plan. He talked quite a bit about it earlier today. I'm sure it would be a private-public partnership, but still it is much better than nothing-if he can get it done, and he's promising he will 'no matter what.'

[@angiepetritsi3333]

What is right and progressive 4 USA its normal for is all in europe.

[@antimattv]

We should start referring to the stock market the same way a concerned family would refer to the compulsive gambling of one of its members. That's what it is. Let's tear down the comforting euphemisms and stop being enablers. In an economy that used to be 90% real, we have seen a complete reversal where now the same percentage of money flows in and out of various foreign exchanges and speculations.

[@johnsuplicki]

This video fails to explicitly state the nature of incrementalism: minor short-term benefits causing the malaise that eventually produces long-term, large-scale destruction. See U.S. reading levels, both youth and adult, post New Deal, before thinking about challenging this position

[@georgefurman4371]

You don't know me Profr. But you totally agree with me. Time is running out. This hesitant democrat. Hmm.The only little thing is about moving to the left....within the right.

[@aimeenasryn9773]

Would any of that have to do with Bernie being in charge of budget?...and his "friends" managing to get in good positions?

[@jonu5336]

All the kings horses and all the kings men can’t put their empire together again!

[@robini.1338]

Hello... It is horrifying that we are borrowing from the rich! Our children will feel this in their future. It doesn’t look like it will be better in the US for a very long time. I just hope we do the right thing and help India right now. Robin

[@Ryutai7]

WOLFF PACK AAAYYYYRROOOOOOOO

[@Martin-dx6ql]

cosmetics, perception management.

[@slightlygruff]

It's just before the war he needs a good and reliable rear

[@arpadbalo998]

RIGTHT. I called it a MINI ROOSEWELT OR MICRO ROOSEWELT????

[@Mortum_Rex]

You mentioned he couldn't even roll back the Trump tax cut, or raise the minimum wage. Is this due to him not wanting to stick his head out any further, or that it simply cannot be done due to factors like the strength of the Democratic party?

[@AllHaiLKINGTIsHeRe3]

Even if he does any of the stuff he's promising (highly questionable imo), this is still nothing but Bonapartism. The economy is in crisis, people are restless, and the ruling class is divided, so he implements some reforms to obscure things and ultimately to make the exploitative system work better, and as a way of pacifying us for all the imperialism to come, something which he isn't even feigning progressivism on the issue of.

[@geraldmeehan8942]

I am suprised with our ability to pull Joe Biden left although there is still a long way to go. The things we progressives call for are only things others in Europe and Asia have had for years

[@josephwilliammarek9566]

Wait a minute! You're saying things that are contrary to what's going on now!

[@gucci_good18]

There is none, the end

[@tanujSE]

There is no leftward push as such,national socialist policies differ greatly from communist policies

[@stellaallbright4750]

Pump. Up. The. Volume. Please.

[@indricotherium4802]

I agree with the Prof's analytic thrust but words portraying an image of an authoritative Biden doing this, Biden doing that, are both generous and amusing. The likely reality is a group of people shift him around place to place like a manikin, write down a few sentences for him to read and, sparingly, sparingly, put him in front of a camera and a prompter. Period.

[@servantprince]

vomituous

[@petertobin7163]

Socialism at home - National Socialism abroad

[@glenbolderson9279]

Shifting leftward? please don't peddle nonsense.

[@bozo5632]

I assume it's just talk, with maybe a few gestures. If you want to see bipartisan unity, try moving the USA to the left.

[@danthemansmail]

Shift Leftward? That's a laugh....

[@teeheehee9226]

I was never good at Maths so can people tell me if I have this right. As numbers get bigger the ability to achieve growth requires a larger number to achieve the same percentage of growth. If you want to increase 1 to 2 it is only an increase of 1 but in percentage terms it is an increase of 100%. If you start at 1,000,000 then to increase by 100% you need to produce 1,000,000. Much more effort is needed to achieve the same change. Mathematics is really just another language. Perception of those numbers can be used or abused through Rhetoric. Therefore does it mean that the economy is flying along very quickly but it is the numbers that are the problem. Is it our measuring system, of Society, that is the problem? Is this the reason why the human race will destroy the planet because its measuring systems are out of touch with nature? Mathematics can mimic nature but not explain it. My own lifestyle has given me the knowledge to know that less is more. A tent, A car, decent food, the occasional drug to broaden my understanding or outlook (most of the time that it is alcohol and singing my favourite songs in the middle of nowhere) and a world to explore and understand. What more could a person want. Therefore is Finance the problem? Is the average human being being sold a dud. Finance makes people feel inadequate due to the ever increasing work that needs to done to achieve a perceived improvement based on percentage. Although I have been following Crypto since 2008 I never invested in Bitcoin because I had this feeling deep inside that a money problem could not be solved with another money. Same as a debt crisis was not solved with debt. Am I crazy or is it that the Human species is faulty? If I am the crazy one then so be it. I would not change it. Life is good.

[@dzhaughnne]

I love Dr Wolff but it's a tragedy that he thinks the US Govt can only spend money that it either taxes or borrows. Where does he think the money that the govt collects in taxes or borrows originally came from? Hint: no, it doesn't come from "private banks," which essentially serve as loan retailers for the govt, and whose retail loans are backed by reserves at the Fed. Let's please stop spreading misunderstandings like this.

[@aubreypoole7807]

It’s time for old white men to retire...

[@benforshizzle]

I openly invite anyone that wants to have a debate on capitalism vs socialism. I will take the side of capitalism.

[@Seychelles-10.]

U.S.A.: YOU LOOSE.

[@jgalt308]

No one here knows what capitalism is...so any such debate would be a waste of time.

[@jgalt308]

@@Seychelles-10. Well something is "loose"...like a few screws...

[@benforshizzle]

@@Seychelles-10. Lol name one country better than the U.S.

[@Seychelles-10.]

@@benforshizzle All of them. If you cannot see that, you're either in the less than 1% or Brain Bleached. This applies to the previous screwless guy.

[@selwynr]

The ratchet effect. Also, the "centre" is rightwing, if not far right. Thus, the so-called "shift to the left" is barely even centrist in the old sense.

[@luciencron6655]

“left” where?

[@75Froggie]

I have appreciated your economic commentary on KZbin and learned a lot about socialism as a realistic, virtuous alternative to our dumb capitalist economic system. A+++. Not such a good grade for you on your grasp of politics, i.e. how our government, in particular, the federal legislative and executive branches, the government we actually have, works in the real world. The old saying that "politics is the art of the possible" is true. You love to lead the attack on the "Democratic establishment" as being sold out and not really supportive of progressive ideas. I will allow young Millennials the privilege of frustration with their stodgy old government that does not understand the brilliant things that they, the young, have figured out that their elders just don't understand. You (and I) are too old to be given such a pass. Faulting Biden for not moving as boldly in 2021 as FDR and the Democrats in Congress in 1933 is nuts. FDR in 1933 had a 311-117* House majority 60-35 Senate majority under the old filibuster rules that did not give the minority party an easy path to block legislation with majority support today. He also had a population that had gone through the harsh results of conservative economic folly that led to the Depression, that had no answers for how to end it, and that offered people on their economic backs virtually no financial relief from their government. While FDR had detractors and opponents, the people overwhelmingly were looking to him to lead them out of misery and were open to new ideas. Even with a pandemic crippling the economy, it had settled in only about seven months before the 2020 election and, largely due to social programs adopted over the decades by Democratic majorities over Republican intransigence, the people's economic pain was not nearly so broad and deep as it was at the time of the 1932 election. Biden governs over a much more starkly divided population, with a decent majority of popular support, but with a huge minority in the cultish thrall of the autocratic former president unwilling to accept that Biden won the election legitimately. In fact, due to U.S. population distribution and structural flaws in the apportionment of the Senate and the Electoral College, Biden could have lost the 2020 election (as Hillary Clinton actually did) with a shift of only about 55,000 votes in favor of Trump in three states. Sure, the Democrats are not free from lobbying and campaign support by monied capitalist interests, but that has not stopped them from adopting the American Rescue Plan bill under narrow reconciliation rules that create an exception to the Senate filibuster rule. They will continue to enact bold progressive legislation that Biden will enthusiastically sign into law IF THEY CAN. The obstacle is that Biden has only a 218-212** Democratic majority in the House and a fragile 50-50+1 tiebreaker edge in the Senate, with its modern filibuster rules and at least two Democratic Senators who will not commit publicly that they might vote with the other 48 to repeal or modify the filibuster rule if push comes to shove. Whether Biden and the Democrats can do more remains to be seen. Again, though, the notion that progress is stalled because establishment Democrats are sufficiently committed to progressive ideas is ridiculous. The challenge is what the Democrats can pass over Republican resistance by the barest of majorities in both houses of a bicameral legislative branch and political reality for Democrats "on the bubble" in terms of their constituent support necessary to protect their seats into the future. Vilify capitalism, but not the Democrats who, on the whole, are doing their dead-level best to move the country toward a far more progressive economic system in an unfortunately flawed political system. ____________________ *Expanding to as much as 313-113 before the end of the 73rd Congress. **222-213, if currently vacant seats are filled by members of the same party of the recently resigning or deceased members.

[@birdworldist]

Let's gooo catholic king biden!!

[@parallelworldsguy]

I don't think you are giving Biden enough credit. His steps to the left have been small and tentative, but not in many decades has a president done even this much. Despite the relatively small steps he has taken, this is a real sea change, and it's something Obama and the Clintons would never have done.

[@Terry_berry]

can you talk about whats going on in Palestine/Israel?

[@chrisbayridge23]

His leftward shift? The fascist president just declared May 1st "Loyalty Day"

[@yenenehtamrat1896]

I think you are giving Biden less credit than he deserves. He proposed funding his infrastructure project by raising tax on high income earners and by raising the capital gains tax.

[@huepix]

Hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha, oooo fuck