Democracy at Work: Curing Capitalism | Richard Wolff | Talks at Google

Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He wrote Democracy at Work: A Cure for Capitalism and founded www.democracyatwork.info, a non-profit advocacy organization of the same name that promotes democratic workplaces as a key path to a stronger, democratic economic system.
Professor Wolff discusses the economic dimensions of our lives, our jobs, our incomes, our debts, those of our children, and those looming down the road in his unique mixture of deep insight and dry humor. He presents current events and draws connections to the past to highlight the machinations of our global economy. He helps us to understand political and corporate policy, organization of labor, the distribution of goods and services, and challenges us to question some of the deepest foundations of our society. For more of his lectures, visit the Democracy at Work KZbin channel: / democracyatwrk .
Get the book here: goo.gl/XDxuDL

[@276226]

John Steinbeck once said that socialism never took root in America because the poor see themselves not as an exploited proletariat but as temporarily embarrassed millionaires!

[@88anarahammertime]

😂😂 such a great writer

[@connorthornberg]

This is really true for poor white america, but most poor minority groups can see what's going on and how the system is stacked against them.

[@argemirocarvajal7843]

Like ELON MUSK ? SOMETIMES HE HAD TO SLEEP UNDER A DESK.HE DIDN'T EVEN HAVE A BED - (OR A SHOWER)=

[@argemirocarvajal7843]

It was about temporarily embarrassed millionaires.

[@jamiel6005]

@@argemirocarvajal7843 oh for gods sake 😭

[@randomstuff911]

he's takin it right to the workers in one of the biggest monopolies. respect

[@presa609]

And it's rolling of their consciousness like water off a ducks back. Who cares about inequity when they are being treated equitably; And, their ability to defend themselves with incredible military equipment is affordable to them? These people don't need to care. The illusion of righteousness is intoxicating.

[@ronbriner8688]

randomstuff911

[@reasonablespeculation3893]

Wolff is complaining about Capitalism instead of explaining how to thrive. Lamenting that the Horse and Buggy is becoming obsolete, instead of explaining which is the most reliable, safe and efficient automobile... I think most people would agree that there is a need for some level of Social Safety Net , and there are important Government Agencies that are necessary to enforce Laws and Guidelines..... But innovation must never be stifled, and private property/wealth must be a cornerstone of Society.... No matter how good Marxist Ideas look theoretically or philosophically, they do not work in reality..... they do not promote the talent of the Best and the Brightest....they give no incentive to the working man.... they lead to strict oversight, loss of individual freedom, and economic disaster.

[@reasonablespeculation3893]

Tomato Pa.... More innovation in Mao's China or Stalin's USSR?Democratizing the work place is a vague notion... Super Rich by "simply sitting on to of a corporation" a CEO may be a share holder, but may or may not be a major shareholder... Mr. Tomato Pa has the option to buy shares, and potentially receive dividends, if he is willing to take the risk.... Marxism must be enforced, otherwise clever , productive, organize people will have a better quality of life then the rest.......www.theatlantic.com/international/archive/2017/10/red-famine-anne-applebaum-ukraine-soviet-union/542610/

[@reasonablespeculation3893]

Tomato Pa ... Capitalism for me, some variety of Marxism for you... Cuba, North Korea, China for you, ...USA, UK, Canada for me.........I don't know what you mean when you use the phrase "the democratic workplace", but the point is moot... You correctly judged that I consider further response pointless... Also, that cunning UN prefix maneuver, that you formulated, demonstrates you are far too clever for me.

[@0leander410]

The fact that Google allowed this scares me as to how confident they are about unionization being impossible and the American working class being forever impotent and unable to exert the powers their numbers should reflect.

[@kermitfrog593]

You nailed it.

[@michaelschneider2874]

IMPERIALLY....Arrogant !

[@Leyenda1]

Unions are a relic of the oast.

[@JamieRobles1]

@@Leyenda1 *seeing John Deere being out-muscled by a union* No, they're not. If more workers belong to unions, corporations wouldn't be able to get away with doing what they are doing to our country and it's citizens.

[@Leyenda1]

@@JamieRobles1 I think John Deere is an anomaly in the whole of the thing. Boeing is leaving Seattle albeit at a snails pace. They have moved their HQs to Chicago and have built a plant in SC just to avoid union entanglements in the Seattle area. More companies are eating California for more business friendly ventures in Texas. There is nothing stopping this train...

[@SocialistGuyX]

Great and well needed lecture! Even in former Yugoslavia there was an economic system 1950-1992 called "the socialst workers' self management". That was 99 % same as today's Cooperatives. I lived and worked in that system and I can tell you first hand that we, the workers, were very, very happy with it. To those who will immediately say that Yugoslavia crashed because of it, I say that cannot be farther from truth. Yugoslavia crashed and ended because of aggressive nationalism and religious hatred between major ethnic groups, and that's completely different story.

[@dobekhil]

Also that hatred was also funded by capitalist forces... mainly from the west.

[@musicdev]

Criticism of Capitalism in one of the largest tech monopolies today? I dig it

[@dosran5786]

the fact your heroes are hypocrites is telling...

[@dosran5786]

@Keaton no it isnt you loon, you can criticize society while in thats how it develops. but stating things and being a professor doesnt make them fact and he oddly never presents any for any of his claims. no one willing chose to buy clothes made by slaves and capitalism just because its in a poor country isnt slavery they arent property. the fundamental problem is you are misrepresenting free market capitalism as the current capitalist system we are not free market capitalists. so use all the clever sophistry you want i dare you to argue the points of people like ludwig mises, frederic bastiat or even a modern economist like thomas sowell. you wont and cant because they use facts and you use rhetoric and sophistry to ignore any kind of opposing view point if im so wrong invalidate the sources of my belief.

[@vonb2792]

They used to be capitalist, now they can afford socialism and ask for a state monopoly. The guest speaker is right, however... systems are made to last X period and be changed.... the Chinese guy might retract today since China Communist Party is going back into having a Supreme leader and where high school exit exam is based on ''how great the leader is'' more than the ''scientific improvement you can make''. Democracy is a system that allows the power to move around players (known as institutions)... but when all institutions are going down... the system is too... About Wage he's right... a 12 kids family, 1 house wife, 1 working salary-men = You could live on that (but you weren't necessarily poor)! Debt is also new (not even 100 years old!)

[@dosran5786]

@@vonb2792 lol no democracy is belief in the power of the state of the demos. im sorry institutions? what nonsense are you spewing lol. government doesnt have the right to institute anything but whats outlined in the constitution.... also no wolffe isnt right about wages he ignores wage mobility and devaluing of currency as well. absolute tripe from an absolute sophist believed by an absolute sheep.

[@garystevenson5560]

I read this in a novel (I think ) For social justice, work, affordable housing, good unespensive Health care. Forget identity politics, have invisible brigades block crucial infrastructure (train tracks as an example) to promote claims.

[@sail1999]

I worked at a shipyard that was bought by the employees. The employees used their 401K to buy shares in the employee owned company. It worked well.

[@michael5555ization]

Yeah, until the employees became complacent and non-competitive

[@patriciapandacoon7162]

@@michael5555ization you really think a person wouldn't work *harder* when they have an actual, tangible stake in the business? Your understanding of human nature is severely lacking and cloaked in years of hyper-individualist propaganda

[@24POWERS]

Patricia Pandacoon you don’t even follow this man because he talks about all that, that argument is outdated. That is NOT human nature according to science. Why are you even on This video there are obvious people who live and love and will die for capitalism and will say that bullshit, mean while look at Basque🤣 hush

[@patriciapandacoon7162]

@@24POWERS and you think they are like this just naturally? No, they are propagandized by the American corporate establishment into thinking humans are selfish monsters. Read Mutual Aid: A Factor of Evolution to get an introductory understanding to what I'm talking about because *clearly* you are just talking out of your ass.

[@bprosperie]

All fine and dandy until the day someone speaks about what they are being paid and what others are being paid. Because the ones pulling the wagon will always ask for more than the ones riding in it.

[@squiddy2688]

Never have I had such a clear explanation of the way capitalism works and I have never been able to envision another system. This was amazing.

[@weebgrinder]

Be sure to check out Michael Parenti lectures here on KZbin as well. I think you'll like them.

[@brainchildguru]

Also check out Thomas Sowell to cancel out the crap you picked up from this video. This guy is so naive it hurts to listen to. He sounds exactly like Karl Marx, who didn’t account for the biggest aspect in ANY economic society… human behavior. His ideas are amazing, but that’s all they are, ideas. Once they’re put into action, or the praxis of their concepts, are tragic. All the evidence you need is Mao and Stalin. Nearly *100 million* dead.

[@kymd2738]

Capitalism works great, central banks bailing out special interest zombie companies doesn’t work, and big business getting into bed with government.. for hand outs and special protection and laws doesn’t work. Capitalism with rules and checks, works. Letting banks use derivatives is a prime example of something that should be illegal.

[@weebgrinder]

@@kymd2738 Well, then you at least believe in something like or close to Keynesian economics. The thing is, a lot of the bailouts and so on really do save these institutions. And their collapsing or being allowed to fail does have negative consequences. Marxism-Leninism actually has quite a lot to say on these kinds of things. I recommend reading "The Principles of Communism" by Frederick Engels (1947). Take care.

[@sphires]

If you enjoyed this check out Noam Chomsky's free market fantasies lecture, he absolutely brutalizes neoliberalism.

[@daniellucero6036]

Aside from his easy going teaching style and knowledge! The Man is one of the greatest speakers I've ever had the pleasure of listening to! Go Professor Wolff!

[@daniellucero6036]

@@vivalaleta why the ? mark?

[@vivalaleta]

@@daniellucero6036 The "I know" was implied as in "I know, right?

[@daniellucero6036]

@@vivalaleta, I see. The ? mark kinda threw me off. Good deal. God bless.

[@johnproud9163]

He doesn’t understand human nature. To take from someone who earned a reward and give the benefit to someone who does nothing to earn the benefit is fundamentally immoral. Socialism and Communism are both founded on envy which will never lead to equality, but does leave to cruelty with anyone who doesn’t buy into the leftist ideology.

[@vivalaleta]

@@johnproud9163 You simply do not understand Marxism if that's your silly picture of it.

[@benvanderark8412]

Why the fuck did Google give Wolf an audience. This is amazing

[@Halum11]

Must have made a mistake 😂

[@briananderson8428]

Oh, it won’t last. Google (which owns KZbin) is already aggressively suppressing and de-monetizing left-leaning programs. They are essentially run by corporate sociopaths. It will continue to get worse, as we on the left point out how tied to the business world Joe Biden really is.

[@ianreynolds8552]

Yes he s cosmic

[@ianreynolds8552]

@@briananderson8428 yes its a sighn that capitalism is ending

[@spiritualanarchist8162]

. Maybe it's the revenge of some guy that got fired and at the last moment arranged Wolff as a speaker. Management behind the scenes...WTF 😉

[@jessewood3196]

This speech aged well. It will continue to age well.

[@nickcarducci3413]

c suckin commie says what? oh yeah what you just said, go fk yourself commie

[@underhandcloud1414]

@@nickcarducci3413 why do you hate communism?

[@kyoshinka]

@@underhandcloud1414 Because they don't understand their own system of economics. They build a rigid cultural ideal around the idea of "capitalism" as something which it is not. Instead of looking towards a future, better system which actually rewards people by merit, they drool over the idea that individuals could play such a great role in affecting our society, and forget whether their work actually translates to billions of dollars worth of effort. It's insividualism on steroids. A very toxic individualist idea which inevitably causes people to turn on each other and be valued purely for the work they produce. It can be part of your identity to be a capitalist now. The word hasn't even been in common use for about 50 years now. It was just realized as a reaction to Russian communism. And since Russian communism counters the ideas individual liberty of power over society that also means it's against all the ideas of a meritocratic system. This is the idea which they use to counter the left. They say all anti-capitalism is anti-meritocracy, and then go on to associate it with Russian communism and how they weren't payed fairly and that's how their system failed. That's how we get such closed-mindedness to anti-capitalism. To even any kind of social programs at all when we've already seen what evils pure capitalism can do to us. Things like child labor, exploitation, unsafe working conditions, 12 hour working days, work alienation, and institutional racism.

[@dragonitejc]

@@nickcarducci3413 lmao talk about being an uneducated moron

[@dosran5786]

shit is even aged is still shit

[@ButterBeanCW]

Mad respect for a man who can walk straight up to the beast and tell it like it is.

[@aubriewest1135]

Mad respect to you who actually are inside the beast and tell it like that.

[@cheroso1000]

Mad respect for someone that can lie that way and get away with it... he is a resentful and stupid old man, that's all

[@MrSoulauctioneer]

of course, he feeds its daily.

[@DOR8421]

its possible google will make more money under Statist communism; theyre already quasi governmental; first in line for licensed monopolies worldwide. theyve acted as enforcement of govs: china censorship. i still use g apps reluctantly; good ui and overall design. theyve always had great software people, pushing minimalism (performance). they did convo-based emails, others copied. image search with thumbnails, others copied. the list goes on of great free apps.

[@africkle1]

He really only had one point that wasn't stating his resume next to his claims. Watch 5 interviews with him and find one where he doesn't just list his resume as proof

[@copacelu93]

I'm fortunate to live in a city with plenty of cooperatives and even I didn't know what a cooperative was until, like, a year ago. I'm glad more people are speaking about this business model, it really feels like the next logical step for humanity. Not the last step, but the next step

[@Riolupai]

What is a cooperative like, if i may ask

[@mclovin9165]

​@@Riolupaireally depends, they are super broad. Could be 100% of the company being owned by all workers and sometimes 70/80% with a small group of private investors. Within how a company works you should imagine people having an actual say about their work place. So instead of firing people for an example in an economic crisis, people all cut their working hours so nobody has to lose their job.

[@kooisengchng5283]

Frederick Bastiat says: When plunder becomes the way of life for some people, after some time they will make rules to justify their actions and a moral code to glorify it.

[@DirkDjently]

correct, that is what capitalism is.

[@bdev8480]

@@DirkDjently As long as any society promotes a permanent governing body, it's all plunder, regardless of its label.

[@valiyapurakkalNarayanankutty]

I still dont get how exactly is capitalism plunder.

[@DirkDjently]

@@bdev8480 what's all plunder? It is unclear what "it's all plunder" is referring to. All profits? All economic activity?

[@DirkDjently]

@@valiyapurakkalNarayanankutty besides the it being necessarily the case that capitalists pay their employees a smaller amount than the value their work was worth to the capitalist, imperialist plundering of the resources of Africa, Asia, and South America. People may claim that wasn't capitalism as they define it, but it was certainly closer to their definition of capitalism than any socialist's definition of socialism, which has nothing to do with "the government doing things."

[@MartinScreeton]

I've watched Wolff and read everything he has for 5 years... I never miss one of his economic updates... @ democracy at work

[@PoopyBarfy]

Down with democracy

[@coopsnz1]

@@fun_ghoul You first

[@fun_ghoul]

@@coopsnz1 That all you've got, Ben 'Lest-A-Man?

[@sojournsojourntraveler1203]

@Paesan Control Centre Karl Marx was a Luciferian This guy is touting him, what more do we need to know.

[@fun_ghoul]

@@sojournsojourntraveler1203 You used the word "Luciferian". What more do we need to know? 🖕🖕

[@amitavabose2414]

Thank you Professor Dr. Wolff for explaining the evolution of economics and the social imperatives for transforming classical capitalism in a lucid manner.

[@scouserrr]

Richard Wolff, Michael Hudson, Noam Chomsky, and Bernie Sanders, thank you all for everything you've done and continue to do for us 🇺🇸

[@ciaranryan5265]

What did Bernie Sanders ever do except cave to the corporate wing of his party.

[@mclovin9165]

​@@ciaranryan5265He tries to atleast create marginal change, while also still spreading his opinions. Isn't he like a chairman in a committee? Yes he caved and I can imagine that guy after 40 years of spreading the same opinion atleast wants to have created a bit of actual policy change before he dies. Lets not forget he pushed a lot of democrats towards social democracy and socialism.

[@briancox9357]

Chomsky revealed his true colors during the pandemic. Hypocrite and bully.

[@adrianjanssens7116]

I am just dicovering these lectures and am learning a great deal. I always hated the world of work and am glad I am retired. I now realize better why I hated the world of work. Thank you for the knowledge.

[@BarrySlisk]

You are a lazy SOB. Nothing more to it.

[@bubblegumBri]

@@BarrySlisk you cannot discern a stranger's character from a youtube comment. Disliking having a job does not mean you're lazy. There are other ways to contribute to society, like volunteering or being a good parent. You don't know how hard this person's job was, if it was soul sucking, etc. It is ok to be happy to get away from that. Also, you dont owe society anything, especially since our government thinks they don't owe us basics like healthcare, but billions on the military industrial complex is a-ok

[@BarrySlisk]

We agree on one thing. Nobody owes anybody anything by default. The government only has the money it steals from us, so it makes no sense to say that it owes you anything because it can NEVER do anything for you without taking it from you in the first place.

[@bubblegumBri]

​@@BarrySlisk Huh? The government's job is to help its citizens, that's why we chose for it to exist, that's why we pay taxes. Taxation is an agreement to pool some of our money together for the public benefit, like roads, public schools, libraries, the fire department, etc. It only feels like "stealing" because currently that money is wasted on corruption in the U.S

[@BarrySlisk]

@@bubblegumBri I never agreed to this.

[@RonnieMinh]

Professor Wolff has some serious speaking skills and is a great communicator. Really enjoy listening to him.

[@LAStreetPreacher]

Ronnie & Minh- The devil also has serious speaking skills and is a great communicator. So what? Go listen to a truth speaking free enterprise Misean economist instead of a Marxist. Marx was a Satan worshipper.

[@LAStreetPreacher]

@@Kevin-jv7mz If you want to do what is right then you will always follow God's way and not the Devils for there is a way that seems right to man but the end thereof is the way of death.

[@LAStreetPreacher]

Kevin-Whatever God says and does is right. God always does the right thing even though we might question His wisdom. Right doesn't exist apart from God's endorsement. Man says its okay or lawful to murder babies in the womb but God says that is wrong. God's law is transcendental and above man's law.

[@LAStreetPreacher]

@@henryblainesilver-Certainly not but you should eschew obfuscation.

[@LAStreetPreacher]

@@henryblainesilver-Henry you need to repent from your evil ways and seek the Lord while He may be found. My theology is very rational for rational minds. Now listen. The wages of sin is DEATH and the death that God has in view is Eternal DAMNATION. Romans 6:23. Your life is a vapor and like dew on the grass. Where will you be when you take your last breath? You sins will all come to remembrance unless you have a pure heart. Jesus said: "Blessed are the pure in heart for they shall see God." Amen.

[@hx-flixblog4569]

This was a very good presentation by Dr. Richard Wolff. I'm sure it will be eye-opening and educational to many viewers. I truly hope many will watch and learn something from it.

[@leealexander3507]

I also went to school during the cold war which took up half my life or more. I studied Marx for the first time in elementary school using books I got from the university library where my uncle went to school. I wanted to know what I was supposed to be afraid of and was very surprised to discover it was only a different economic system. I went back and read those books again later with a better understanding. I've always tried to understand things beyond what we learned from our school books so that university library was highly important to me. History was another subject that obviously required a deeper understanding in order to make sense of the world.. The teachers stopped calling on me for answers because they got a lot more than they bargained for.

[@averayugen8462]

Did you figure out how to start a worker coop??? If so please contact me and we can work together maybe

[@DipayanPyne94]

​@@averayugen8462 Hey there ! What do you do ??

[@MrSoulauctioneer]

this ''only a different economic system" commited genocide regularly. Russia killed almost as many Jews as Hitler, but they added any believers to their list. The Chinese starved MILLIONS.. yeah its harmless. and you're asleep.

[@SohamSinha]

And that was my first time hearing Prof. Wolff live. It was great conversing with him after the talk.

[@democracyatwrk]

Glad you enjoyed the talk!

[@AgentRafa]

Democracy at work+ please tell Mr Wolff that I truly love him. And thank him for the great work he's doing. Wish you all the best. Greetings from Norway

[@MartinScreeton]

Been watching him religiously for 5 years... I never miss a economic update by Wolff...

[@lilaworley8935]

Soham Sinha you need to listen to his weekly economic update. the man and people behind the scenes...are brilliant.

[@StephenSchleis]

How much power do you have a Google? And do you know why google would let a Marxist talk? Do you sense that Google has an understanding of the importance of income inequality awareness? I’m a wage slave at Walmart that has seen the oppression of progressive politics specifically on Googles services. I would like Google to not oppress important voices such as Richard Wolff, Jimmy Dore, Mike Figueredo or Lee Camp.

[@lmaobozo_]

I was a Republican 3 years ago and somehow I’m here and supporting everything he is saying

[@henryrollins9177]

Soon to be a socialist/progressive... it's the only way.

[@ellinmara5997]

I think many Republicans, at least working-class or non-corporate ones, see the problems caused by capitalism, but thanks to propaganda, indoctrination, cold-war trauma, etc. come to the wrong conclusions... Another problem, imho, is the red herring that is abortion rights, which is one of the things keeping Republican politicians in power. If we truly implemented what Mr. Wolff suggests, over time, much fewer women would even desire to or see the need to an abortion in the first place, because not only would their economic situation improve dramatically, access to stellar healthcare and paid maternity leave would too! I dare say, abortion numbers would go down more drastically than any ban on abortion could ever possibly achieve.

[@stolenjunk]

@@ellinmara5997 abstinence would work better than anything and personal responsibility.

[@ellinmara5997]

@@stolenjunk if it works for you, that's great! But don't expect it to work for everybody else, especially inexperienced, hormonal teenagers

[@dosran5786]

you should take a course on economics. capitalism is not evil nor is it somehow labour being manipulated this was proven false in the fucking 50s. consumers dont always buy producers always produce the employee of said producer gets paid whether that product sells or not even if the company paying for its production doesnt make a profit....marx was a drunk lying coward who fled his country when it got dangerous and then cheated on his wife and treated his bastard son like an animal. that is the founder of modern communism. look back too the british civil war for your first socialists the levellers and the first organized political socialists were in 1850s france. every single one of these organizations wanted the abolition of personal property and to LEVEL out society aka make everyone equally poor......except government and those enlightened party members. this is your grand utopia, we live in crony capitalism and no not all capitalism is crony capitalism marx was a fool who claimed a great recompense must be paid before true capitalism could flourish.......he never substantiated this with evidence of course. so ill ask since marx said " to sum up communism in one sentence it is the abolition of personal property" what do you support about the abolition of personal property? why do you think a centralized state government is inherently benevolent? also why do you ignore the mass charity of 19th century capitalism the highest in recorded history in fact? im seriously hoping for a discussion here i dont get what you see in it.

[@byravanviswanathan6460]

Most enlightening and instructive talk by one who is a great economist and teacher. Thank you Prof. Wolffe.

[@andriypredmyrskyy7791]

I love watching someone who knows that they're talking about. He answers questions well because he's asked them to himself already.

[@googlefashists4986]

No he is a Marxist. So he is lying.

[@carolparkins4032]

If only we had the Internet in the late 1960's and heard talks given with such clarity, we possibly would have avoided our world economic crisis we see ourselves in now. This should be mandatory viewing in high schools as part of civic lessons around the world. Thank YOU!

[@kathleenhillock9366]

I agree, but the likes of Betsy DeVos are hell bent on promoting religious based charter schools, which would advocate for the execution of Prof Wolfe. In their propaganda, they espouse that public schools teach nothing but socialism and ultimately communism. It is for this and other reasons that Betsy's brother, Prince, infiltrated the teachers unions of public schools with spies, the ultimate goal of dismantling those unions and public schools as a whole.

[@vylbird8014]

If we had the internet in the late 1960s, it would have been banned. We only got the internet because it 'sort of happened' - too quickly and unpredictably for governments to react. If you could send one of our history books back in time to the 60s, the politicians of the era would make sure it didn't happen in any form we would recognise today. Probably set up a system with server and client addresses, servers only available with government license, and clients unable to communicate directly with one another.

[@SomeGuy-xn4xu]

@@vylbird8014 agreed, any content shared would have been highly regulated... just like this comment, HI NSA!

[@shimes424]

@@BADALICE lurn 2 eenglish u dum fuc

[@AnthonyPerpepaj]

What a ridiculous reply. Truly highlights why socialism is only popular once the population is dumb enough to go along with it.

[@SweetPotatoesBlackStyle25]

An astounding description of the system we are trapped in.

[@argemirocarvajal7843]

Escape from this system . GO TO CUBA ! It is NOT FAR. Moore was VERY well received there. I RECOMMEND

[@tomr6955]

@@argemirocarvajal7843 Agreed, these morons lol

[@jamesmorton7881]

Reversing inequality 2 /4 / 6 / 8 AGITATE A wide range of policies can help reduce inequality. Policies should be aimed at reducing inequalities both in market income and in the post-taxand-transfer incomes. The rules of the game play a large role in determining market distribution- in preventing discrimination, in creating bargaining rights for workers, in curbing monopolies and the powers of CEOs to exploit firms’ other stakeholders and the financial sector to exploit the rest of society. These rules were largely rewritten during the past thirty years in ways which led to more inequality and poorer overall economic performance. Now they must be rewritten once again, to reduce inequality and strengthen the economy, for instance, by discouraging the short-termism that has become rampant in the financial and corporate sector. Reforms include more support for education, including pre-school; increasing the minimum wage; strengthening earned-income tax credits; strengthening the voice of workers in the workplace, including through unions; and more effective enforcement of anti-discrimination laws. There are four areas in particular that could make inroads in the high level of inequality which now exists.

[@dosran5786]

LOLOLOL highest quality of living highest quality of technology highest level of health care in history = trapped. wonder what you would call soviet russia?

[@dosran5786]

@@argemirocarvajal7843 why would moore go their he has an 8 million dollar house in new jersey just like every other comkmunist its for everyone else not for him.

[@johnstiletto1537]

Was a boat captain and have said that the designer's should have to fix the boat themselves first to see if it's possible... This is the basis of employees running the country... Let those that do the work decide how things are to be...

[@gloryrow100]

I am 68 y o A carpenter . This evil system has been incredibly generous to me. If I didn’t like the choices of the self interested owner… I went down the road and got a better job. This talk is for the victim minded and unmotivated.

[@jhhggygghchdlfyggxzgdltfugc]

You went down the road? Surely roads are socialism. You should have built your own road. (And electrical grid, and sewerage system, and police force, and aircraft carriers etc etc). Fact is America has always had some socialism, and you've benefited from that too. Not to mention america has a lot of christianity, so Jesus (a socialist) has quite a large influence.

[@bobomber]

I don't have words to describe how brilliant this guy is, but the main thing is he is willing to tell truths to which most people, including scholars, won't even question.

[@dmonarredmonarre3076]

For anyone that takes this serious, well, uhhh, no. Prices dictate scarcity and mobilization of energy's. You can't "plan" economies dude: en.wikipedia.org/wiki/Methodological_individualism kzbin.info/www/bejne/nYGtiKqfgNOMfdU kzbin.info/www/bejne/h17ck36teNCNetE kzbin.info/www/bejne/iIqTg2OEpa6Xh7M

[@pd5826]

@@dmonarredmonarre3076 - Incorrect. In the Scarcity Principle, there are 3 inputs: supply, demand & price. Of those, demand is the most important. Zero demand means price doesn't affect scarcity at any price level.

[@dmonarredmonarre3076]

@@pd5826 That is wildly inaccurate. Nobody “creates demand.” Humans are BORN INTO SCARCITY, ergo, demand will forever exist. Demand is a function of scarcity, and scarcity perpetually transformers over time. As cars developed, new forms of demand developed, and old forms obliterated (How many horse and buggy manufacturers do we really need today?)As computers developed, new forms of demand were developed, and old forms obliterated (Not really sure how many type writer manufacturers we’re in need of today). Scarcity of energy, scarcity of information (Since every single decision we make is with missing information), scarcity of geography, scarcity of organization, scarcity of specialization, scarcity of development, scarcity of infrastructure, scarcity of TIME (That’s a big one),scarcity of scientific predictability, etc.. Companies simply POP INTO EXISTENCE to then serve that new scarcity (Cisco really wasn’t relevant in the 1830’s when there wasn’t the interconnectivity of advanced network technology y’know. Not too much of a necessity for people thousands of miles away to be sending emails to computers that didn’t exist). THAT’S’ how innovation and competition work. And as for what you are talking about in reference to macroeconomic policy, that is called CRONY CAPITALISM, not socialism. Socialism would have those owners completely voided out of the picture. Nationalized entities would be functioning under a centralized authority. Instead, when THE GOVERNMENT IS TOO BIG, they can pick winners of the privately owned institutions and choose who to prop up due to whatever the calls of political utility(irrespective of, and many times in direct contradiction to economic utility) compel them to so they can pander and narrate their “benevolence.” Yes, you are correct, with total free markets, MANY companies and firms would die(As they already due today. Look at the S&P 500 today and see how different is was from 50 ,35, 15 and 5 years ago. That is called COMPETITION. Competition drives away INEFFICIENCY, PRODUCTIVITY and LACK OF INNOVATION. ) But you know what also happens, NEW business would develop due to the changing nature of the market and the OPENING UP OF NEW DEMAND. The market doesn’t just REMAIN STAGNANT as is implicit in your comment. According to your forwarded positions, the market simply has competition, all the companies get out-competed away, and there is no growth, no shift in demands, NO INNOVATION, no NEW scarcity to contend with. That maintains that the market is STATIC and CONSTANT, which it absolutely is NOT. Scarcity doesn’t simply go away when market forces subside within an economic sector. Scarcity is driven by realizations of NEW market functions. Restaurants and small farms were all the rage when food was a lot more scarce. Nobody was really concerned with modern energy markets, biological innovation, smart phone development, online course companies, or any other modern operation we have . That is because the scarcity of food and its transportation and processing was still so LABOR INTENSVE that there was demand enough in it for the organization of profit generating institutions surrounding these functions that made it desirable enough amongst enough people for their to be demand for the private organizations. These organizations saw an intertemporal arbitrage opportunity and acted. Now that many of those margins have been competed away, the scarcity of food, thanks to capitalism, does not really exist anymore. THE FREE MARKET HAS LITERALLY SOLVED THE SINGLE GREATEST PROBLEM THAT HAS AFFLICTED MANKIND SINCE THE BEGINNING OF TIME. THE PURSUT OF, AND MAINTENANCE OF FOOD! We have solved the problem of famine. First civilization to ever do that, THANKS CAPITALISM! Now new markets are popping up around developing processes that are beyond food and rudimentary transportation. And yes, many firms have died along the way, with pesky government stepping in at times trying to prop up irrelevant, outdated, outcompeted but POLITICALLY CONVENIENT processes. Examples would be the highly inefficient and wasteful transportation and information networks forwarded by the DEMOCRATICALLY elected federal government [Hmmm, should I send a letter or simply email someone. Nah, USPS can kick rocks, GOOGLE gets my business. Hmmm, should I take the bus that has 45 different stops that are irrelevant to me, or should I take Uber, or Enterprise or lift, or any other ON DEMAND (Therefore time saving) service. Conversely, the REPUBLICAN offices are addicted to propping up agrarian based initiatives that are completely outdated since those positions speak to their base of supporters. The Libertarian party of the US has always had it right. The government ALWAYS makes things more inefficient due to the very nature of the political process. Say a few nice fuzzy things, get the crowd roaring by preying on their biases, and then gain control over things you have no idea about. That is the destructive function of political organizations. Strictly economic operating firms have no such luxury and NEW firms have popped up to contend with the NEW scarcities that have developed, such as scarcity of mathematical information [how much do you know about combinatorics, probability theory, discrete mathematics, linear programming, econometric Granger effects, etc.]scarcity of medical information, scarcity of psychological information (Social psychology, cognitive psychology, evolutionary psychology, the necessity of specialization never ends!), scarcity of biological information, scarcity of network technology information, scarcity of space exploration information, scarcity of chemical information, scarcity of nutritional information, scarcity of physiological information. These are all new fields of effort that are perpetually changing and maintain the potential of presenting new sources of value that ECONOMIC ORGANIZATIONS can develop new, unseen, and unheard of value for everyone to consume CONSENSUALLY if they desire. Again, everything you said from the cause of demand to the role of macroeconomic policy is completely divorced from reality. You are so desperate to generate an oppression narrative that you engage in the acts of boldfaced lies. You are naively under the impression that economies DO NOT MOVE, DO NOT INNOVATE, DO NOT OPEN UP NEW MARKETS, but rather are stagnant, and once the economy reaches this point of stagnation, are completely run be a big central authority. That is blatant nonsense, scientifically inaccurate, and a radical misunderstanding of how markets operate and TRANSFORM. Before you respond, watch my hyperlinks attached. If I notice in your response that you didn’t and don’t comment on propositions forwarded there, I will not respond since I am not going to consume nonsensical media YOU support, WHICH I DID WITH THE ABOVE DRIVEL, without you doing the same for me. That is a one-sided time investment that I refuse to partake in. I won’t be the one doing all the work while you continuously put NEW burdens of proof on me after I have debunked your first economically illiterate proposition. Again, don’t bother if you don’t show signs of watching what I forward in the hyperlinks, BECAUSE I WON’T RESPOND IF YOU DON’T WATCH: kzbin.info/www/bejne/qXi8nWRtec54rdE kzbin.info/www/bejne/iIqTg2OEpa6Xh7M

[@dmonarredmonarre3076]

@Terrence Anderson AMEN!

[@LolDC222]

@@dmonarredmonarre3076 In opposition for the overwhelming amount of deaths due to capitalism? Every death of starvation, every war founded on obtaining resources? Are you aware of how dumb you're coming across as?

[@AxmedBahjad]

Richard Wolff, who is one of the best minds of our times.

[@jeffsingleton88]

He is fuxking stupid

[@enematwatson1357]

Sad times. 😔

[@kezicss]

Im not the defender of the capitalist system, but RIchard Wolff is fucking thick as a brick and not the best representative for the alternatives

[@thalesnemo2841]

@Axmed Bahjad Hear, Hear!

[@thalesnemo2841]

@kezicss Why? Capitalism is an unstable exponential system on a finite planet which flies in the face of basic logic and basic maths! It has run its course .A new paradigm is needed!

[@Dani68ABminus]

Professor Wolff is an absolute treasure. The movement, ultimately, is towards cooperation instead of exploitation and that gives me hope for the future.

[@ccpj0eyb319]

He even says no other economists agree with him. Why would you ever listen to this comi? 😂🤣

[@googlefashists4986]

He is a Marxist. So he is not to be trusted. Marxism had equality in the USSR and China. Every was poor and miserable.

[@mikewilcox7853]

This guys is “fundamentally”wrong

[@jean-pierredevent970]

Again a real intellectual joy to be able to listen to but there is more than ideas, he does it with such virtuosity, such clarity that there is "art" in there too, as always.

[@veddergirl3521]

Younger generation must be the power behind the movement and change. Most older folks set in their ways will be dead and gone soon. Let's make this move forward for a healthier and happier world.

[@Edricama]

That is the plan, yes

[@youtubesucks1499]

LMAOOOOO. So go start a business and pay your employees $30 an hour.

[@lucasimagery]

You know you have a great mind when the Q&A is better than the original speech!

[@einerus]

Robert Lucas he's just avoiding answers and heads straight into demagoguery, sometimes in rude and arrogant way.

[@lucasimagery]

This must be the only video you've seen of his...

[@DenianArcoleo]

His answers were as direct and on point as it is possible to be. You are speaking through an ideological filter.

[@bobomber]

I assume you are serious, rather than being sarcastic as the people replying assume? You are right, the depth of his answers to questions he hasn't prepared for beforehand show how smart the guy is. Anyone can prepare a speech and repeat it with enough practice.

[@ratnabahadurgurung9850]

Thankyou prof.Wolff for your excellent discussions, i appreciate you.

[@brianjones6500]

Working together builds muscle memory. Corporations exist on brilliant people. Critical workforce skills atrophy if not used no matter how much you don't need that critical skill today. I'm very happy to have come across this video. Thank you Richard W. My comment comes at no cost ha ha

[@gathua]

Richard Wolff- The Lecturer I never had.

[@forposterity4031]

Also the lecture no one wanted.

[@barabimbaraboom7830]

Good history lesson about HUMAN failure and a GOOD reminder than HUMANS are NOT PERFECT. BUT GIVE ME A BREAK IF YOU THINK COMMUNISM IS THE ANSWER

[@forposterity4031]

@Schnbl Apparently a lot of people are gullible and stupid then, sheep.

[@forposterity4031]

@Flash Gordon Awww what a cute little sheeple, go on now join your heard lost little lamb.

[@kaitlynkarol4600]

And the lecture you should never want again. Wolff is a 'wolf' in sheep's fur b/c he is irrational as he appeals to ego and emotion. He is obviously ignorant of economics more than anyone I've heard in a long time & if someone as ignorant of economics as I am can see through his BS, then others should be able to see this too.... How old are you? If over 30, you should be more educated than to be impressed w/ this fluff as he speaks to those who want their ears tickled and b/c your bias wants to hear this, your bias has been validated and this 'confirmation bias' is sad b/c most ppl don't want truth - they want their own version of it that fits into their fantasy life or idealistic dreams. While Wolff praises socialistic solutions to remedy capitalism, the situation is FAR MORE SERIOUS and much BIGGER than any of that. We must broaden our small-minded tunnel vision b/c our state of emergency right now is about how the GLOBALISTS want us to live in a Rockefeller world - and when we see this bigger picture of what the evil powers at this high up want us to do - give up all our rights and liberties eventually - and use a virus to justify such evil - then you start to change your worldview to the reality you never thought you'd have to take off your rose-colored glasses to see...This doc here tells you what you need to know: www.nommeraadio.ee/meedia/pdf/RRS/Rockefeller%20Foundation.pdf

[@AllPeopleUnite]

33:00 There's another factor: The employer could still be making well over twenty dollars in value on what an employee produces while being paid 20$ / hour for their labor. But if the employer can find somewhere to pay people 5 dollars, or a technology that can replace part of the labour force, they can make *even more* money. It's not always a matter of "we can't afford to stay open here or keep you on", in some cases it's "we're making good money here but we can make way more". But they've conditioned the public to treat every lay off and offshoring as a difficult choice between going broke and staying afloat. Sometimes that's the case, sometimes it's just going for an even better deal.

[@tomr6955]

You're missing the fact that it's two way though. The worker knows they're worth more than $5 and can easily work elsewhere for more money. It's a two way trade. The employee isn't some baby, they are to negotiate terms that work for them. It's actually government that creates crony capitalism and imbalances. Work is offshored not because employers are greedy, but because they can't provide their goods or services while hiring locally, and you can blame government for those regulations which uneven the playing field

[@useresu301]

@@tomr6955 don't expect Marxists to use logic in their thinking. their whole philosophy is driven by envy

[@MyGraveDancer]

@@tomr6955 It is not a two way. If a corporation pays you $5 and you know that in the US you'd get $20 for the same job it doesn't mean that you can easily immigrate to the US AND the corporation will bring your job with you. Are you saying that all offshored jobs are because they didn't make profit hiring locally?

[@pierrechildress8875]

@@tomr6955 I was almost willing to entertain the notion that corporate/single employee employment negotiation is equitable (though it seems wildly inequitable on it's face). I even continued reading when you wrote that government created crony capitalism, even though anyone who bothers to look knows the US government is owned by corporate lobbyists, not the the other way around. But when you wrote "employers (aren't) greedy" you lost any and all credibility. Come on bruh, MAXIMIZING SHAREHOLDER VALUE is literally the bleated mantra of this post-Milton Friedman corporate dystopia lolz.

[@dosran5786]

LOL oh no he may go for the best deal that monster.... what socialists call evil normal people with a brain call common sense.

[@tonymiller6847]

Richard is always informed and informative, intuitive, influential and willing to go out on every limb, He's inspiring and he always makes me believe that I can understand what's going on instead of just feeling bewildered.

[@musictomyears8]

Yugoslavian socialism might be a good example of workers's control over enterprises under a coordinated production system

[@youtubesucks1499]

You might want to look at the quality of life those people have.

[@coldsteelgamefarm187]

Professor Wolff opened my eyes .

[@excitedaboutlearning1639]

This talk was absolutely fascinating. I've never thought about this question as profoundly as he explains it and goes over it. The first audience question was a great one, but Richard Wolff's answer was an even more impressive one.

[@actualideas8078]

Excited About Learning yeah, it’s very impressive how little a Harvard professor understands about economics. Listen, he doesn’t understand inflation. The Federal Reserve Act in 1913 led to a massive debt bubble that crashed in 1921 and 1929. The federal reserve also paid for WW1 with paper currency. Capitalism is always an underlying force in the economy, but when massive banks and corporations infiltrate politics, we end up with this globalized corporate fascism that’s impoverishing us all. Learn a little bit about gold and silver and inflation. The Fed lies every day while they bailout their corporate buddies. Charles Lindbergh Sr. said in 1913, “from now on, depressions will be scientifically created”. Mark Twain said, “it is easier to be fooled than to admit you’ve been fooled”. The American Public has been fooled for over a century, and prof Wolff is as bad as Karl Marx in his misunderstanding on economics. No wonder Harvard hired him. “In times of universal deceit, telling the truth is a revolutionary act” -George Orwell. Truth is, Wolff is wrong. Peter Schiff, Ron Paul, Milton Friedman, Murray rothbard, Mises, Ayn Rand are all correct. End the Fed. Buy gold buy silver buy crypto, or we will all starve like under Stalin when they abolished property rights to everybody. These problems are more complicated than “left vs right”. It’s more like “right vs wrong” and Wolff is WWWWRREEOOOONNNGGGG.

[@jamesmorton7881]

@@actualideas8078 It is trust, not assets. BitCoin is in use. Paper not used much in China. Just bits and bytes. Ends when lender figures out he is not going to get paid. Bubble bursts. Friedman admitted . . . greed is not good. Just say NO to austerity.

[@actualideas8078]

Memento Mori dude Orwell admitted on his death bed that he changed his mind about capitalism. So get your facts straight. And I do respect and read socialist also. We NEED social programs. Problem is, public offices are abused by the mafia and funded by the central bank (Federal Reserve). Look Ayn Rand and Alan Greenspan are NOT THE SAME. And most these people are Neoliberals anyways so what’s your problem man? Milton Friedman suggested a UBI, but it must be on a metallic standard of 40-100% reserve. Otherwise we allow the Central Bank to print currency, or counterfeit money; or better yet call it ALCHEMY. These are the darks arts we’re dealing with son. Epstein didn’t kill himself

[@actualideas8078]

But why would anyone have trust in the Dollar? There is no incentive for the bank to get its principle back..... because..... wait for it........ They created it out of THIN AIR. The lender has been a parasite on the people for about 107 years exactly. So wake up and realize why the USA funded the Russian military complex with the western bank’s “credit” in WW1 AND WW2. Churchill and the USA teamed up with Communist Russia. Did you miss that part? Then the KGB and CIA both funded by the Central Bank teamed up to kill JFK by hiring the mafia. This is your history lesson. Why would anyone have to pay back these debts? And why would any 401k or IRA have ANY credit whatsoever? Inflation is coming and so is communism. Dangerous times.

[@actualideas8078]

Memento Mori “George Orwell was a staunch anti-Stalinist like most libertarian communists” first article I looked up, so yes that’s accurate what you said. So he sounds more like an anarchy capitalist or neoliberal than a communist. In modern times, it’s obvious that we cannot simply abolish social programs. We need a UBI on a gold/silver standard to replace manipulative welfare programs used to obtain votes.

[@artoaco]

Thank you for important information about economics. Light destroys the darkness. Truth will win.🌼🌺🌸

[@ElieNassif-hp5dt]

Such clarity! this should be taught Civics classes. What a breath of fresh air and hope! At least starting the conversation which till very recently has been a taboo

[@joyannaradcliffe2399]

I've been watching Richard D. Wolff for four years and I'm fascinated by his remarkable insight into U.S. economics and his vision for its economic troubles and collapse. He has excellent knowledge on many aspects that make an economy run efficiently, fairly and soluably.

[@SamuelMoralesJr]

Very informative and thought provoking talk.

[@mobilechief]

True. Hope some listen.

[@AlexiLaiho227]

he is great at explaining marxian analysis to liberals. it's wonderful to have it so accessible to people who would otherwise have nowhere good to learn ideas that are contrary to the current system. Michael Parenti is really good with the political analysis, and Wolff is great at explaining the economic stuff. they're a dream team the third pillar (component part) within Marxism is the philosophy, and I guess that'd be Noam Chomsky. three old guys explaining the three component parts of Marxism. love it.

[@jarilocromlech1257]

@@AlexiLaiho227 I don't think Prof. Chomsky is a Marxist-- I believe he's into anarchism, which is a different idea altogether. Although in a talk I just listened to from Dr. Wolff, he says that there is no such thing as just a "Marxist"-- that "Marxism" is a collection of *many* different ideas developed by a whole host of figures that range from right leaning (Lenin) to much further left.

[@Tespri]

Rofl only a blind fool thinks that this clown provides any information.

[@dmonarredmonarre3076]

For anyone that takes this serious, well, uhhh, no. Prices dictate scarcity and mobilization of energy's. You can't "plan" economies dude: en.wikipedia.org/wiki/Methodological_individualism kzbin.info/www/bejne/nYGtiKqfgNOMfdU kzbin.info/www/bejne/h17ck36teNCNetE kzbin.info/www/bejne/iIqTg2OEpa6Xh7M

[@Bovice..YT-handles-are-fn-dumb]

My only critique, is the amount of time given. Amazing

[@yananneteoh9818]

For quality talk, time is priceless with possibilities. Flashy aplombs are addictions for tweeters, just a nit of wit will impress.

[@jason8077]

Another advantage of worker co-ops is that the experts of the field can directly involve in decision makings. While conventional enterprises the decision makers are not always experts of the field which means many of the times they dont fully understand what they are doing and always trying to cut the costs

[@johndale6437]

I really like the way Wolff lays things out so simply and understandably.

[@criticality2056]

But he's wrong and selective.

[@beck_to_future5529]

@@criticality2056 could you give a couple examples?

[@criticality2056]

@@beck_to_future5529 Yup, always like discussion. Jobs are replaced by computers and automation: workers fired/jobs lost - there are more jobs in America now than almost any time in its history. He ignores that people work on computers and build automation. Odd considering this is a talk at Google. Technology does not lead to job loss, just changes which create jobs that may have never existed before. Innovation is not the enemy it is made out to be.

[@criticality2056]

@@beck_to_future5529 Private corporations gain profit without paying costs. If we ignore payroll, capital investment, risk, time etc. It is not a magical process, it is not reasonable to ignore the rest of what happens.

[@criticality2056]

@@beck_to_future5529 An employer will only give you money if you make more for them. He frames it as some sort of injustice, but it requires the zero sum fallacy. Both are discretionary players in the transaction, both will get more out than they put in. If not they would make different decisions.

[@stevehas1861]

This guy is brilliant! Brilliant and brilliant. People will eventually understand when the music stops

[@stevehas1861]

And BTW it’s about to stop! It’s taken to the extreme that when you scream you will only hear your echo. THINK

[@itsallminor6133]

Not really. Try being a economics major you will see through it

[@Darkhartx1]

@@stevehas1861 you mean how the internet has turned everyone's lives into echo chambers? XD

[@ludwigvonmiseswasright4380]

This guy is just rehashing Marx's talking points, but he has not addressed any of the counter arguments made which can be found at the Mises institute. I wonder how he would fair in a debate, where the other side is represented. And I don't mean where rich people cry that it would be so unfair if things were fair. I mean economists who respond to the "work surplus" idea with the idea of "time preference of money". What about "the road to serfdom"? Marx writes 50 years after the capitalist french revolution. "the road to serfdom" is written in the fallout of Marx.

[@ctreacts1537]

Sarah Isles he’s been in a few and normally he obliterates them, but debates aren’t the way to come up with an argument, debates are for soundbites of trying to “beat” the other person, like how Trump “won” the debates, but his ideas have been proven wrong time and time again since the Great Depression and the Great Recession.

[@MoralScienceEducation]

Super. Good to include education on capitalism and socialism, around the world, so eloquently presented, at schools as well as universities, alongside ethical management.

[@oldskoolgaming]

This is absolutely Brilliant. So glad I came across this presentation :)

[@ccpj0eyb319]

🤣😂 this comi is trash 🗑

[@binarybob0010]

I have been listening to Richard Wolff's talks for some time now on his youtube channel 'Democracy At Work.' I just love this guy. He's speaks very eloquently and presents excellent facts.

[@thelastwildone6162]

HE HAS A LOT GRATE IDEA's HE KNOW's A FUCKTON A SHIT ALL RIGHT!!!

[@Koshokar]

@@thelastwildone6162 dude, chill with the caps

[@dosran5786]

he presents no facts he presents contextualized information he describes as facts.

[@dosran5786]

@@thelastwildone6162 he like you is a moron who follows a militant ideology unironically to promote peace.

[@ccpj0eyb319]

He even says no other economists agree with him. Why would you ever listen to this comi? 😂🤣

[@nancythecat1079]

Richard Wolff, you never fail to inspire me and give me hope.

[@dmonarredmonarre3076]

For anyone that takes this serious, well, uhhh, no. Prices dictate scarcity and mobilization of energy's. You can't "plan" economies dude: en.wikipedia.org/wiki/Methodological_individualism kzbin.info/www/bejne/nYGtiKqfgNOMfdU kzbin.info/www/bejne/h17ck36teNCNetE kzbin.info/www/bejne/iIqTg2OEpa6Xh7M

[@thebrunoserge]

@@dmonarredmonarre3076 I'll trust the *actual economist* instead. Sorry bro, nice try

[@dmonarredmonarre3076]

@@thebrunoserge Sweet, that's why I sourced what I was saying WITH ACTUAL ECONOMISTS. Here's some more if you'd like: "The Anti-Capitalist Mentality," by Ludwig von Mises "Basic Economics," Thomas Sowell "Free to Choose," Milton Friedman "The Road to Serfdom," Friedrich Hayek "The Dao of Capital," Mark Spitznagel "Judgement Under Uncertainty," Daniel Kahneman "The Vision of the Anointed," by Thomas Sowell "The Birth of Plenty," Bernstein "The Ascent of Money," Niall Ferguson "The Rational Optimist," Matt Ridley "Classical Economics," Murray Rothbard "A Conflict of Visions," Thomas Sowell "Wealth Poverty and Politics," Thomas Sowell "Intellectuals and Society," Thomas Sowell “Marxism,” by Thomas Sowell "The Chicago School," Johan Van Overtveldt "A Short History of Man," Hans Hermann .NICE TRY IN PRESUMING THE HIGH GROUND.....BRO

[@dmonarredmonarre3076]

@@thebrunoserge kzbin.info/www/bejne/moLMc3djmNelrKM

[@thebrunoserge]

@@dmonarredmonarre3076 Wolff IS an *actual economist*. Something tells me you hate the truth. You seem very desperate to cover it up. Means you're either very evil, or very stupid

[@serp94080]

Brilliant connection between French to capitalism to socialism!

[@AlbertoGarcia-wd7sc]

Watching this in the age of covid is chilling

[@55jeffgoldberg]

This is a major step forward in cultural communications. Thank you Google Talks!

[@Julian-we6qg]

Cultural communication?

[@Mishk]

Great speaker, great talk. The significance of the ideas Wolff presents as a way to bring democracy to the workplace will be felt for decades to come. As we all know, the world now is entering a new phase of development and the old ways of thinking and addressing problems have become outdated and worn. It is the boldness of individuals like Richard Wolff, to present ideas like these, that gives me hope for better times to come. Racial and religious equality, economic security, the equality of men and women, and the recognition of the unity of all mankind are but some of the many important things we should be fighting for.

[@martijnheil8825]

This isn't really anything new however, it's just that it has been suppressed by one of the biggest misinformation campaigns in history. "As we all know, the world now is entering a new phase of development and the old ways of thinking and addressing problems have become outdated and worn." this is why Marx developed his philosophy and his analysis of capitalism, all the way back in the 19th century.

[@ccpj0eyb319]

He even says no other economists agree with him. Why would you ever listen to this comi? 😂🤣

[@Mishk]

@@ccpj0eyb319 the same economists that said there nothing to worry about pre-2008?

[@emanuelneagu14]

@@ccpj0eyb319 they don't have counter arguments and run away scared disagreeing. Wolff is just too right.

[@jessicak4839]

I like this man. He was saying how we go to war with other countries in order to bring "Democracy" that we don't have. He is right. We spend the majority of our time at work and an enterprise have no democracy at all. While the corporations are making millions in profit (after expenses) and pay no taxes we have to suck up to all the work for a small amount of salary that doesn't cover our expenses or our livelihood. All this while putting other countries in debt too!!! USA have the biggest Debt in the world when the USD is backed by NOTHING!!!

[@barbginther2171]

Love this guy ! Love the approachability and engagement found in teachers . A gift ! I keep looking for most recent appearances.

[@dialecticalveganegoist1721]

It's so strange that the US, the nation that stands for freedom and democracy has no democracy at the place we spend most of our lives at, the workplace.

[@themetricsystem7967]

it is also strange that the US, with it´s emphasis on the individual´s responsibility is the country where there are more law suits and silly, common sense warning labels than anywhere else in the world.

[@tiendoan1333]

The US was never a democracy nor did it fought for democracy. We fought for individual freedom, rights, and liberty.

[@Thrashaero]

@@tiendoan1333 Which is deteremined by elections, a democratic concept. Just because you heard on your favorite talk show somewhere that democrats are evil, that it's not a pure democracy because that's 'two wolves and a sheep deciding what's for dinner', and that it's a constitutional republic instead, doesn't mean it's exclusively non-democratic.

[@hassankhan-jg1dx]

This "Democracy" has contributed to the overthrowing of 85 democracies all over the world between 1951-2000 alone. This is not including the coups, dictators, genocides abroad the U.S has been responsible since then.

[@anthonym4541]

You have democracy in the workplace... you can quit.

[@DjWellDressedMan]

Life still stinks under the yoke, but Richard Wolff makes it tolerable and he knows what Time it is!

[@garyjohnson1466]

Great lecture, very good clarity of capitalism and current problems, thank you professor Wolff

[@christinarosed.p.1967]

We've all had enough Now has come the time For us to stand together And learn to hold the line We must never give in We must step out in faith To show a better way In this time of disgrace Whether black or white The time has now come For all good hearted people To proudly stand as one United we stand Divided we fall For us it's now or never The writing's on the wall We'll never forget What you did to us When you stole our freedoms You knew it was unjust Whether black or white The time has now come For all good hearted people To proudly stand as one There's only one way out That's a reformation A spiritual coming home To the God of creation We've been led astray By the lies we've been told It's time to return To the shepherd of our souls Whether black or white The time has now come For all good hearted people To proudly stand as one United we stand Divided we fall For us it's now or never The writing's on the wall We'll never forget What you did to us When you stole our freedom You knew it was unjust Whether black or white The time has now come For all good hearted people To finally stand as one Whether black or white The time has now come For all good hearted people To finally stand as one

[@Dan.50]

I work at a place where the more the employees produce, the shorter the boss makes the lunches. Crazy.

[@tomr6955]

Silly boss.

[@jamiemcmillan6742]

Is that Amazon?

[@ianreynolds8552]

You should be running that place with the other workers

[@tomr6955]

The irony is not lost on me that he's talking to one of the biggest monopolies of our time, if not the biggest. Google has literally destroyed so many small businesses

[@jaidsalgado]

As well as Amazon and Walmart

[@dosran5786]

no no thats hypocrisy.... he is standing ina corporation telling you all they are bad THATS HYPOCRISY.

[@alex_flynn]

@@dosran5786 ah yes, the old "yEt yOU pARtIciPaTe iN a SoCIeTY" argument

[@dosran5786]

@@alex_flynn never once made that argument way to ignore my actual argument and supplant it with your own.

[@alex_flynn]

@@dosran5786 okay, what's your argument then?

[@somdevraomadala2473]

One of the best orations I have heard.

[@C3yl0]

Amazing! Could t stop laughing when he stated: “We are discussing in one of them. Aren’t we?” ~ Prof. Richard Wolff 👽♥️♥️♥️

[@ccpj0eyb319]

He even says no other economists agree with him. Why would you ever listen to this comi? 😂🤣

[@johnfitzgerald5951]

@@ccpj0eyb319 why because the commis and capies are about to start a nuke war because we are to stupid and greedy to stop inequality and share

[@Twirlyhead]

Came here looking for _Howlin' Wolf_ and stayed to the end. Now them's the blues.

[@stevenbarton5949]

we'll all be howlin' pretty soon

[@johnmastroligulano7401]

Thank you Richard Wolff.

[@ctrac381]

In my country,Karl Marxism's theory is one of the majoy subject in college and high school. I never understand it, until i see this video.So much better than my teacher teach in the lesson.Even thought my tongue is not English.

[@henryhalakhe8204]

Great presentation by Prof Richard Wolff

[@josephfacundo26]

There were 2 other reasons for the great migration: 1) business wanted to neutralize unions and 2) environmental laws were choking profits.

[@rurome2151]

That’s when tariffs should have been attached to imports. The funds could have gone towards employing workers for work on infrastructure

[@david8157]

A corporation is similar to a feudal manor and a waged employee is similar to a serf

[@TRUTHandLIGHT4809]

Socialism is the SLAVE MASTER.

[@joeldwest]

@@TRUTHandLIGHT4809 Socialism is the pro-social, ethical and moral way to live.

[@johnnytocino9313]

The new world is corporate feudalism. Governments are their vassals and workers are their serfs.

[@TRUTHandLIGHT4809]

@@joeldwest So you are saying--a CENTRAL GOVERNMENT enslaving people is moral and ethical? How?

[@TRUTHandLIGHT4809]

@Daniel Brown If the STATE does not control ALL--and OWN all--it is NOT SOCIALISM.

[@georgepaul5843]

Absolutely correct. Tremendous insight. A Joy to listen.

[@MrKane101111]

The fact that Google allowed this encourages me that they allow their employees to think openly and judge if their employer is fair. The American working class have more choice than ever since the industrial revolution and can exert their power in numbers.

[@hansbass5028]

My admiration for Prof. Wolff is....Boundless!

[@ccpj0eyb319]

He even says no other economists agree with him. Why would you ever listen to this comi? 😂🤣

[@Misaka-gt5yj]

The irony is that he gets rich off criticizing capitalism, much like other champagne socialists. Your admiration is misplaced. Clearly you can't see obvious grifters like Wolff and Reich. Their own home city is failing economically and yet you think they are the purveyors of truth? Pitiful.

[@user-gz4ve8mw9l]

@@Misaka-gt5yj How many of these 'experts' or prominent individuals do you see from any 'side' who aren't rich? It doesn't matter the subject or field of study. They have these rich people speak and decide the peasants fates.

[@vohkaru131]

He's an unusually good speaker. Almost felt like I was watching a speech in a movie.

[@youtuber6185]

Point of personal privledge , once again , please don’t use gendered pronouns such as he , him. Ok comrade ?

[@matthewlabbylabbe]

@@youtuber6185 haha. Nice troll. You almost got me.

[@youtuber6185]

matthew labbe You should watch the democratic socialist 2019 national convention, then you will get it.

[@matthewlabbylabbe]

@@youtuber6185 I've seen what you're referring to. Even as a lefty, it was pretty damn cringey. I think we'd agree that that level pedantry is silly. But not all of us are that insufferable. Cheers!

[@youtuber6185]

matthew labbe If you google the actual definition of democratic socialism it does require community ownership of companies. This sounds harmless but if you delve into questions about how you would transition private property of company ownership over there are no answers. In capitalism we already have coops and ESOPs but people decide to not donate their companies. So either we force out private ownership or stay like we are. Actually Karl Marxs called for abolishing ALL private property and Wolff reveres Marx. It’s clear why I’m anti DSA

[@judithbaxter1257]

Brilliant Talk- still so relative 2022

[@uterpia]

Thank you

[@eduardotovar456]

Get Richard Wolff on the Joe Rogan podcast!!!!!

[@Uarehere]

Or on the Rubin Report. If Dave can talk to far-right Ayn Rand types, he can at least talk to a real-life Marxist economist for the other side of the story.

[@Cajaquarius]

@@Uarehere Rubin Report is a Koch brothers propaganda vehicle so I wouldn't count on Wolff being on any time soon. Rogan is a possibility, as actual leftism continues to spread through the US.

[@rafaelmarchanteangulo4582]

right on!! but change your profile pic!!!

[@indiesindie1984]

Joe Roggin is a clickbait hack. He doesn't offer any substantive analysis of the polarizing topics he discusses with his Koch brother funded guests who are nothing but provocateurs! It's a show for people who are sheep and can't develop an original thought of their own!

[@CarrotCakeMake]

He's agreed to debate an actual market advocate at the soho forum later this year. You can see how well his lies and insinuations do when it isn't a monologue anymore.

[@Hermelu]

I'm super high right now and this stuff is just mind bending. I love it.

[@phil5569]

It's mind bending because it's idiotic. Smoke less weed.

[@neilwilliams2883]

@@phil5569 of course, *_Richard D. Wolff, Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008_* is idiotic, but KZbin commenter, Phil556 is not.

[@phil5569]

@@neilwilliams2883 Correct. I'm glad you understand. ;)

[@TheSimonScowl]

@@phil5569 There is no evidence that weed makes anyone more 'idiotic' than anyone else (but there is a movie called 'Reefer Madness' that makes that debunked claim)... and much evidence to assume it may, in fact, enhance cognitive abilities (why creative people use it). And we do not NEED EVIDENCE to conclude that you are the idiot you project outside of itself... but you are the evidence of your own contradiction (that is, smoking 'less weed' has clearly done nothing for you).

[@TheSimonScowl]

@@neilwilliams2883 Careful with the sarcasm, irony and satire around the naive, the dumb and the narcissistic. Phil just MIGHT be taking you seriously!

[@TheOne-gg7rc]

I’m not sure when this guy lectured this subject, although I know this video was published on KZbin in 2017. I’m glad he made this speech to America or to those who may listened to him because he’s correct on many points. However, many blacks Americans heard this same subject matter from Min Louis Farrakhan about 20, if not 30 years ago. Farrakhan spoke to this same subject, of course with much more vitality and energy which keeps black Americans spellbound for hours and thoroughly focused. Farrakhan taught on how our government and white corporate America does business at home and abroad as did Mr Wolff. However, Farrakhan went further and deeper in the matter. Farrakhan also said how these same corporate entities make policies for our government and also make foreign policy decisions as well. Farrakhan said their policy is a direct reflection on how they treat different groups in America and these groups homelands. For instance: If America’s foreign policy towards Ireland is disrespectful, it is direct reflection of how they treat Irish Americans. It goes the same for Polish Americans, Mexican Americans, African Americans, Indian Americans etc. Farrakhan goes on to say how America stages coups in other peoples lands. If a leader from another country don’t want America foreign policy in their country, corporate America, CIA, makes a way to put the squeeze on them or replaces them with a puppet. This is why when Americans travel abroad, the citizens or natives of that land tell Americans “yankee go home”, or “down down USA” or “great Satan”. Your country does all of this in your name and Americans wonder why … why do they hate us! Farrakhan likened America to the Bible’s Nebuchadnezzar dream of a great giant of a man whose body parts was made up of certain precious metals and stone. The head being of gold of course. However, Farrakhan made particular points about the feet being made of iron mixed with miry clay. Richard Wolff mentioned this about the unemployment. Farrakhan said the feet mixed with iron and miry clay just takes a little disturbance like unemployment, low wages, dissatisfaction, of the little man and women of America to start stirring will be enough to weaken and the whole damn giant will come tumbling down. While I was listening to this guy made me remember what Farrakhan said and went looking to find Farrakhan’s speech because I feel asleep on this guy. I needed a lot more energy and vitality to hear someone speak after about 30 minutes.

[@carlhull8276]

golly

[@enyo1254]

he is absolutely not a marxist

[@prexsantiago]

I read this title as: "Democracy at Work: Curing Google"

[@hilaryporter7841]

Brilliant analysis. Particularly relevant now during Covid crisis with thousands losing their jobs. Now is the time to start thousands of worker CO-OPs in UK.

[@ccpj0eyb319]

He even says no other economists agree with him. Why would you ever listen to this comi? 😂🤣

[@hilaryporter7841]

@@ccpj0eyb319 Strangely enough, I recognise intelligence and humanity when I see it, call me unusual!

[@ccpj0eyb319]

@@hilaryporter7841 no your the usual democrat/Comi that doesn’t understand people will do whatever you motivate them to do. That is why Wolff’s Marxist ideas will never work.

[@googlefashists4986]

@@hilaryporter7841 Lemming

[@peteryu1612]

Very insightful watching in 2020

[@sayunts]

Absolutely brilliant presentation.

[@MauricioLeite]

Fantastic talk... as someone who is reading a lot more about the critics to capitalism I really enjoyed this discussion after the talk too Really amazing stuff

[@space.youtube]

There's a Wolff amongst the corporate flock.

[@space.youtube]

@K Korona thanks for that. Here's your gold star for participating ⭐

[@space.youtube]

@K Korona Are you asking me to name a technology conceived by a political system? Really? Maybe you should be more specific? lol Make your case and if It's remotely compelling I'll play.

[@Cucumber-ej1pm]

@K Korona Satelites

[@steppenwolf3252]

We need a pack of Wolffs!

[@DanielVargas-yx8ff]

@Truth Seeker can you tell me how workers owning the buisness together and voting on their manager leads to genocide?

[@vbboyd]

Richard Wolff going to Google? Talk about Daniel going into the Lion's den!

[@banjobill311]

Since I've heard many of his talks before, i kinda want to skip to the comments/QA. But I'm also scared because I know it probably isn't going to be good.

[@SamuelMoralesJr]

Erich Bishop the Q&A wasn't bad actually (except maybe for the one guy at the very end who went on and on about China).

[@democracyatwrk]

Wolff isn't afraid of lions.

[@vbboyd]

Yes, that is quite obvious. Kudos for him for doing it and why on God's green earth they would want Richard Wolff to lecture the Google guys on the shortcomings on the current predatory Capitalist system that has gone awry and has run amok since Reagan got elected is way, way beyond me.

[@alanmclemore3927]

...and. like Daniel, he escapes unscathed because he has the truth on his side.

[@armandomarroquin7748]

Exelente, saludos desde el salvador 🇸🇻

[@rocknlemon]

The thing is, we never really got rid of the kings of the past. They just made us believe we had the power.

[@deanwolfechannel]

Hmm. Some people must have become quite uncomfortable during this talk. Kudos to whoever brought the Wolff to town...

[@maxrebuschatis5603]

Thanks - I collaborated with Professor Wolff to organize this talk! Everyone in the audience was really attentive - I don't think I would describe the atmosphere as "uncomfortable". Most people have some inkling that the organization of our world isn't fair and are curious to understand exactly how and why. A huge group of people stayed after the talk was over to continue asking questions!

[@naomi-nada]

​@@maxrebuschatis5603 Thank you for your efforts. This was a fantastic talk. I wish I could have listened to him answer more questions.

[@Herr2Cents]

@@maxrebuschatis5603 what do you think about the news of Union busting today at Google?

[@maxrebuschatis5603]

@@Herr2Cents No sir, I don't like it.

[@SpoopySquid]

@Kit Carney so prosperous that it's existence is dependent of the mass impovershment and colonisation of the Global South and crashes once a decade give or take

[@eliyahbenysrael3903]

Fascinating critique of America's cold war capitalist ideology strangling free speech and open thought in education-and society overall-in it's effort to maintain it's dominance. His dissection of capitalism is really thought provoking relative to why we accept this arrangement and the alternatives he names like democratizing workforces through cooperatives is worth consideration. The critics falsely accusing him of advocating for "bigger government" have no problem fighting two unpaid for wars while preparing to start others, massive tax cuts for the wealthiest , cuts to social security and a border wall and seem to be able to find money for these projects without a problem, despite the deficits they're already causing.

[@quohime1824]

Those critics are arguing in bad faith, they don't actually care to hear anything about any other systems. No one is that brain dead to see making worker places democratic as big government, they are acting in bad faith.

[@donrastar1579]

"The worker produces a surplus" That surplus is the capital, Mr. Wolff.

[@lepidoptera9337]

Where did you pull that bullshit out from, Love?

[@mcnt9506]

It's capital when it is not distributed, and is more of a company asset, when you can point to it and say "there is my capital." Surplus is capital but used, especially in the interest of the worker, not the company which interests rarely coincide.

[@lepidoptera9337]

@@mcnt9506 Dudes, you need to let go of failed economic hypotheses of the past. Marx/Engels got pretty much everything wrong about basic economic theory.

[@mcnt9506]

@@lepidoptera9337 Obviously not, or it still wouldn't be of contention

[@synergygaming65]

Right of the scene from Office Space , "why should I bust my ass beyond the absolute minimum when none of the benefit is coming my way." Paraphrasing, but that's what he's getting at.

[@RainbowYak]

Most people don't understand that capitalism is like playing the lottery: anyone can win but NOT EVERYONE can win. If you think you're going to be rich one day... don't hold your breath on that.

[@brianunger1]

Why do you have to be rich to win. I am not but I make my own hours, have a house, am debt free, a car that works, a gf I am thinking about purposing to, and I eat pretty well. I would say I won. What is our definition of winning here?

[@pagetvido1850]

To people who are anti-socialism/communism answer this, why is Mr.Wolff correct that it's not taught in schools? If it's such a bad idea, what's the harm in teaching people about why it doesnt work? We'd surely have fewer people misconstruing it as a good system if it were taught, so why the complete black out about it in the school systems? I don't think either system holds the answers, both have significant pro's and con's. It's interesting that for such a complex topic, people are so dogmatic about one system or the other.

[@visnevskiscom]

Paget Vido Seriously? Read the comments.

[@pagetvido1850]

+J P To the same degree as other organizational structures? To the same degree in different schools across countries? Many people have deficient knowledge of the kinds of political systems humans tend to engage in, as Mr.Wolff pointed out. My question, and perhaps Mr.Wolffs as well, might be better placed against the average person in society. The more people know, the less they can be misled.

[@matthewmalpeli]

The right is so obsessed now about purging Marxism from the humanities that nobody has bothered to examine why it was purged from economics departments 65 years ago. It was a threat to the moneyed interests to be taught in economics and so they conducted a nationwide witch hunt. The right is the side of the political spectrum that has lost track of all the lies that it has made to the point that it no longer knows when its making them. Indeed, they lack the vocabulary to understand why they're lying. They don't even know, for the most part, what the ideology of conservatism is and why it's an ideology of destruction. Always has been, always will be.

[@classiqueliberal8576]

I love how socialists are constantly talking about how they never get a chance. WTF are you smoking? Billions of people lived under various forms of socialism. Marx is one of the most recognized and studied philosophers in history. Capitalism is constantly being critiqued. Be serious. Every academic department in every major college has one of these Marxist fools. The problem with socialism is not that it has not been tried. The problem with socialism is that it fails miserably and those who espouse it starve to death.

[@kyleramsey5189]

The problem with capitalism is that every time it fails, the state is there to bail it out. I get the impression that you're commenting without watching the whole thing. No one is defending Leninists and state capitalism.

[@lord6617]

My college economics teacher informed us he was required to teach this class, read from a textbook, and was basically a semester of hell which convinced me for many years that economics was something I wasn't at all interested in intellectually. Why did you have to bring that traumatic memory back to me right off the bat :P

[@michelekett8450]

Did you learn anything? Just asking.

[@michaelschneider2874]

The word "ebuliant" (happy and joyous), is a word I haven't heard for over 50 years ! Thanx.

[@ongandre8835]

Thank you prof wolff, I hope most American n Australian politicians digest what you have so brilliantly expounded about China.