U.S. Elite Fear U.S. Losing Its Dominance - Global Capitalism with Richard Wolff

When an empire is in decline, there is a scramble for people to take and hold on to as much as they can. Prof Wolff takes a moment to explain how the last decades of redistribution of wealth to the upper class is a sign that the U.S. is “a declining empire in which those at the top (the corporate leaders, the wealthy, the political elite, working together, intermarried, and going to the same golf courses) work a good deal to shift the burden of a declining empire off of them and on to everybody else.” While it has been going on for some time, we’re reaching the limit of what is tolerable.
In the full lecture, Prof Wolff explains how this is one piece of understanding not just the military war in Ukraine, but the larger economic war between the U.S. and China. Watch the full lecture here...
Global Capitalism: The Second War In Ukraine [January 2023]: • Global Capitalism: The...
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[@workwillfreeyou]

It looks to me as the U.S.A. has been deep in decline for a long time now. 70-80% Of the population is on antidepressants, antianxiety,- antipsychotic, fentalal or opium derived drugs. Ten of millions of homeless people thru out the nation. Large percentages of the cities in the U.S. are run down ghettos.

[@alexhidel3732]

I live in a small town in the Adirondack mountains in upstate NY. We’ve had like 30 people over 5 years die of drug overdoses, two murders, cops shot two people, the other night a guy went into Stewart’s and said he had a bomb. The police surrounded the place for six hours until the guy came out. This stuff never happened before, I am 51, never seen anything like it. We also had Israel Keyes, serial killer, rob the bank in town back in 2012?

[@jasonhutchins9239]

And with all the the priority is banning gas stoves, cheap energy, transrights, and pronouns… yea id say we are fucked

[@alexhidel3732]

@@jasonhutchins9239 things are surely never getting better

[@Googlag]

2008...the beginning of the economic crisis.Again) It is capitalism that domination needs crises.

[@Googlag]

​@@alexhidel3732 When the USSR collapsed, homeless people, drug addicts, bandits and prostitutes appeared on the street.I live in Western Siberia, I was 7 years old in 95.. Do you understand everything?What you consider abnormal is a true manifestation of the system of capitalism.

[@mijmijrm]

Dominance led to a sense of Impunity. Impunity leads to Corruption. Corruption (appearance does not correlate with reality) leads to Fracture. Fracture leads to Collapse.

[@lucfrombelgium5435]

but the US confuses dominance and power. dominance has already lost its power .

[@Googlag]

How does dominance lead to corruption? How does the zoological term lead to an economic crime? Do you lack the education not to make logical mistakes?Political corruption has shown itself in the social and economic relations of highly developed beings .In the Wild, animals do not bribe each other to solve the economic and legal interests of interested groups.Political corruption does not equal dominance in a group of animals. Man came out of the animal world developing intelligence and society.

[@marywest6844]

Purposeful changes were made, to cater to elite. Just so trickle down would, but did not eventuate. Many people, life is not worth living, if dependent on scrounging to survive.

[@marywest6844]

@@lucfrombelgium5435 smart cookie, you are.

[@mijmijrm]

@@Googlag Dominance leads to a sense of impunity. Ie. there are no correcting repercussions to improper action. No correcting consequences means improper deceitful action will become norm behaviour and any integrity will be crowded out.

[@krejados1]

"Oh, they know the gig is up. They're just grabbing as much as they can on their way out the door." - Chris Hedges.

[@milominderbinder6209]

Can u please share complete link?

[@freespeech3608]

And killing people on the way out, its just business for them.

[@krejados1]

@@milominderbinder6209 OOF! Tall ask (but thanks for asking). Chris Hedges has lots of videos. Rather than comb through them all, let me send this recent release. Chris features in the second half but Prof Wolff's segment is good, too. kzbin.info/www/bejne/iJ_ZYomIrLGGZpY

[@milominderbinder6209]

@@krejados1 thanks bro

[@romavillamiguel9845]

Like Zelenskyy ..begging and demanding money and weapons..from master puppets 😂😂

[@jimpugh6357]

How would it be possible to maintain such bad behavior as well as the desired respect? US words say savior of the world, US actions say thug of the world

[@lucfrombelgium5435]

you never get respect from slaves .....

[@generalstack6540]

Struggle for power between east and west. It’s law of the jungle

[@beastmode8203]

It matters if you're a leftist or not.

[@beastmode8203]

@@generalstack6540 wait till you see what comes with it ☢️

[@rogersmith7396]

Look at the old British Empire and royalty. Not much to respect there.

[@TennesseeJed]

It is simple armed robbery. Hold a gun (huge military) to someone's head (world population) and tell them what money is (give me your wallet/subjugation).

[@alexhidel3732]

Christianity holds a gun to the sheep’s 🐑 head and tells the sheep he can do what he wants, he has free will, but is also told if you don’t do what your instructed your dead.

[@marywest6844]

@@alexhidel3732 if people followed the rules, instead of stepping over others and the boundaries of infinite laws and doctrines , I believe we would not be stewing in our own demise down the plugholes. What goes around comes around. You reap what you sow always. USA is, was supposed to have and had solid foundations. Now who self serving, chose to on purpose make changes to rule over others for themselves. By their deeds they shall be known. Do not kick Christianity or many Religions, they to me are inter generational community. The love of mankind at their basic foundation. Not the love of indevilment, satanist, nor false like profiteering on the misery of others. You go to societies with better relationships with others, it works for good reason.

[@orionmedivh5859]

Mafia is a better word tbh

[@TennesseeJed]

@@orionmedivh5859 Yes, extremely organized crime!

[@mikesteelheart]

Unless you were born much earlier you're forced to play a game where everything is stacked against you from the beginning.

[@YoJoRockThaBeat]

Egypt, Persia, Greece, Rome, and many other former great nations never thought that they would fall apart. America, even in the modern day age is foolish to believe that collapse can't happen to them because, after all, the best way to meet your destiny is to run from it.

[@piccalillipit9211]

As an author on the collapse of civilisations, I have recently been looking at "Did the Romans know Roma was collapsing" and the answer is, NO. Im a Brit living in the EU - I can clearly see the UK collapsing before my eyes on an almost daily basis, and the USA collapsing but more slowly. The people in these two countries feel something is wrong, but they are absolutely confident they can fix it. Neither can.

[@YoJoRockThaBeat]

@Piccalilli Pit Absolutely. The problem could have been prevented much much earlier, had greed not corrupted the foresight of the leaders in the past. Now we're pretty much watching a dying cancer patient.

[@piccalillipit9211]

@@YoJoRockThaBeat - Yes America started its collapse with deregulation and de funding education in the 1980's. The UK was actually going OK ish until the right-wing government cut investment under the "austerity" policy in 2010 and the massive nail in the coffin was Brexit. Possibly the single most stupid thing a country has ever done to its self - BUT pushed by the tax dodgers who wanted to avoid the new EU anti tax avoidance legislation. They were prepared to destroy the country to avoid paying a bit of tax.

[@bobbafett1849]

@@piccalillipit9211 those who co not learn from history are destined to repeat it. Not my quote.

[@piccalillipit9211]

@@bobbafett1849 - Well at the end of the day - its what empire so. They are born, they rise to power, they stagnate and they collapse and the average time they last is 250 years... For the average person, there is little difference in their life in the 4 stages, it is mostly the psychological element of being in an upwards trajectory or a downward one. I currently live in Bulgaria which is objectively poorer than the USA but we have 1/4 the suicide rate of the USA, the future looks bright and people are optimistic tomorrow will be better than today. In many ways the best way to deal with collapse is to switch off the news LOL

[@rickyspanish-1]

America has such a short term memory because their World History is so short compared to the rest of the world.

[@alexhidel3732]

The United States of Amnesia

[@jasonhutchins9239]

They have short memories because its football season, and then the media changes to something else, and then the new survivor season starts… always distracted like goldfish

[@alexhidel3732]

@@jasonhutchins9239 “bread and circuses” for the sheep 🐑

[@RussCR5187]

@@jasonhutchins9239 Yes. And "distracted" is right where the sociopathic oligarchs want us. It's the "look over there" tactic for getting nefarious things done. And it's been working for decades.

[@beastmode8203]

@@alexhidel3732 why because most Americans aren't tankies?

[@c99kfm]

Who is winning the war in Ukraine? That's easy, "defense" contractors! And their paid politicians. Boeing, Lockheed Martin, Raytheon...

[@beastmode8203]

Qatar

[@Ballardian]

And the top US political elite who are in their pockets, many of whom have huge shares in those companies.

[@1976athletico]

Thats the ultimate truth. The war is for them and for the politicians in Washington.

[@michaeledwards2251]

All the Oil men. If you have the 1956 Hubbert Report, you will have expected Shell's declaration of peak oil in 2019. The only way they can maintain production is an increase in oil price to 100 to 200 dollars a barrel. Tight oil, shale, tar sands, clathrates, and other dregs, are potentially much bigger than the conventional reserves with the difficulty they are much harder, more polluting, and energy intensive to extract. They need the high prices the Ukraine conflict is generating to continue.

[@lukebandolino882]

"Boeing, Lockheed Martin, Raytheon..." Don't forget the Russian MIC: Almaz-Antey, United Aircraft Corporation, United Shipbuilding Corporation, Tactical Missiles Corporation, Russian Helicopters, Uralvagonzavod, Irkut Corporation, Sukhoi Company, Sevmash Company, Tupolev Company, MiG Corporation... Russia is the second largest conventional arms exporter after the United States, and Russia's defense industry accounts for 20% of all manufacturing jobs in Russia.

[@larrysherk]

No need for the elite class to worry. The rest of us can readily see that it has already happened. We stage insane wars for nothing while we debase our currency and refuse to raise our debt limit. Meantime, the rest of the world is pioneering systems for being helpful, caring for each other, and trading for mutual benefit.

[@piccalillipit9211]

The UK isnt - its doing the economic collapse speed run - but here in the EU life gets better every day. As a Brit this cognitive dissonance territory for me

[@knightatthecrossroads222]

@@piccalillipit9211 in the EU life gets better? Maybe I just haven't noticed a sarcasm in your last sentence....

[@generalstack6540]

Good observation

[@generalstack6540]

@@piccalillipit9211 EU is on the precipice of chaos. It’s doing the Wiley coyote over edge of cliff

[@piccalillipit9211]

@@knightatthecrossroads222 - for the vast majority of people in the EU life has got steadily better over the last 20 years. In the same time, life for the average person in the USA has gotten worse as it has in the UK. Are there people and regions in the EU where it has gotten worse - sure - but for the vast vast majority of people life is better or MUCH better today than it was in 2003.

[@Steve19345]

"One of the people shot in California last week told the state's Governor Gavin Newsom that he was trying to get out of the hospital as soon as possible because he couldn't afford the medical bill"

[@mikelloyd520]

The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

[@kevinschmidt2210]

@@mikelloyd520 The wealthy class takers steal the wealth, health and prosperity of the working class producers. Guillotines are advised.

[@isaiah9696]

yes, that is true,My doctor prescribed me some medication for diabetes that costs $577 dollars per 30 pills,and I have a good health insurance and it doesn't cover it !

[@mikelloyd520]

@@isaiah9696 plenty of public money for the military, to invade 100 other countries but fuck all to look after their own people. What a cess pit nation. Thank god for China.

[@esthermoses5068]

@@isaiah9696 I have always wondered why Americans chose to pay so insanely crazy cost for Healthcare under the pretext of its socialist the state to offer affordable health care .but it's not socialist for the state to continually bail out banks and cooperations yearly with free trillions of dollar. I wonder weather the masses lost their mind to believe this shit ,rhat helping the poor is socialism but helping the rich it's ok for the good of all. Well Europe is, America bosom freind yet health care is so cheap compared to USA ,is,Europe socialist ,of course not . In Europe that drug will cost you not more than a hundred dollars

[@Emmanuel-rz2vg]

THE ARROGANCE AND IMPUNITY LEADS TO A COLLAPSE OF THE SYSTEM WHEN THE CENTER CAN NO LONGER HOLD''

[@800_k_7]

Prof. Richard Wolff, thank you for your sincere analysis about the social economic impact affecting our society today. God have mercy 🙏

[@orangemanbad]

He’s a communist. Why would you invoke god? This dude has a first class ticket to hell.

[@martinlopez4430]

Thank you Professor Wolff! Welcome to our Plutocracy!

[@timsmith5133]

We lost our dominance and the world's respect already.

[@greatredchicken]

Yes. I respect a lot of gringos, but they tend precisely to be those completely out of the system or opposing it

[@icemike1]

Everybody hates a bully

[@eleventy-seven]

Yes the world laughed at how conservatives embraced man baby Trump. He was the laughingstock of all leaders.

[@tymaldo]

@@eleventy-seven why you not on frontline right now? Ukrhelper. You don't see, don't understand anything. Why you support Ukraine? You live in Ukraine or what? 4th power make real zombies

[@simonbaker7558]

You never had the respect in the first place

[@lucfrombelgium5435]

in a democracy people controls politicians/ in a dictatorship politicians control people Alain ,french philosopher 1885-1951

[@lucfrombelgium5435]

@Joe Malone you wrong In the west democracy is fini shed.....

[@cavegirl3712]

It’s not a dictatorship either here

[@mikelloyd520]

The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

[@lucfrombelgium5435]

@@mikelloyd520 right but why then are the people going along?

[@lucfrombelgium5435]

@@cavegirl3712 here is the dictatorship of the masses called PUBLIC OPINION / everybody agrees without thinking

[@theoracle9873]

No need to fear losing out. It has already lost its dominance. What we are seeing now are acts of desperation of a dying man.

[@pierrepaul591]

I actually don't feel bad about this empire choking out of existence.

[@joeshow8815]

i like Richard Wolff. He puts my thoughts into words.

[@beastmode8203]

Just enjoy the time you have left it's going to be bad ☢️

[@derikuk2967]

@@beastmode8203 In a few days you may be envious of the Turkish earthquake survivors as your body is riddled with radiation and burns... all for the sake of a few extra dollars for the weapons merchants and their political lackeys.

[@derikuk2967]

@YTCensors You will pray that you could be dead.

[@beastmode8203]

@@derikuk2967 far from it because whoever does it will suffer Armageddon as well and so will you ☢️

[@moniqueboyke5879]

Great video professor Richard Wolff

[@Kai-ic4mp]

Most Americans are not educated enough to see this. Lol. 😂

[@rippingtons60]

And that's by design.

[@beastmode8203]

Why do people say this stupid shit.

[@beastmode8203]

@@rippingtons60 what you don't understand is the United States will not co-exist as to China that's not an option. Dinosaurs went extinct due to an asteroid humanity will go extinct in a nuclear war for challenging the US Global position.

[@medialcanthus9681]

@@rippingtons60 so that they won't know better? So they would follow, like sheep, whoever the leader or whichever the party they are affiliated to?

[@toddjohnson271]

Either was Egypt, Greece, Rome, Britain....since the dawn of man.

[@roumenbojilov2461]

Bravo! First meaningfull article from USA!

[@derrickwoodruff5216]

your assessment is so true. ( we need a new system that work for the people our wealth has been stolen for to long and must be stop )

[@jmelz155]

Nobody wants to do nothing but complain on yt until Trump say something

[@rudysocks2088]

well said Richard I wish people would say things like this on mainstream media, but I know it's not in their economic interest.

[@phyllisthompson4207]

They won’t; because they’re are so afraid of truth themselves. For then not saying it, means it’s not happening..

[@sleo3720]

It’s called censorship

[@GhostOnTheHalfShell]

The talk of empire is dated for the circumstances. There are those who are interested in it, but the US and UK are plutocracies and driven by the political and economic concerns of that social strata. And we are afflicted by their despotic madness to drive us (the people into ruin); it isn’t just greed but malignant contempt aimed at us. They are enamored of "libertarianism" yet those in that faction seek to destroy the US as a republic and rule on its ashes. They are indifferent to US empire. The faction of wealth dedicated to this is 700+ individuals and that is a frightening level of hate of the powerful to be aimed at us. They seek not only to be on the top of the pile but smash everyone they stand on. This is a far darker reality.

[@antinatalope]

Richard, what does the rich assume their consumer base will do when most of us can no longer afford goods or services? Don't they understand that they need both labour and consumers to survive, themselves? It doesn't happen in a vacuum.

[@mikelloyd520]

The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

[@Wulture]

they will sail their yacht where-ever they want to and reassess. its all about immediate profits and they have enough to do whatever they want to.

[@johncarpenter4083]

Producers are the prime consumers of their own products. This is called self-sufficiency. It is the prime reason why hunter-gatherers adopted an agricultural mindset. Tech advances notwithstanding, humans cannot outgrow the agricultural mindset. Food is the core need of all existence. No billionaire or trillionaire can exist without constant access to FOOD!

[@shaneyaw4542]

I wrote a paper on the shifting of debt burden from the high class to the working class and poor demographics. It is evident in the interest rates charged to those respective demographics. For instance, the high class individuals and households have the largest debt burden absolutely and relatively; yet, they pay the lowest real interest on that debt and can even pay no interest since there are laws that allow the rich to claim interest against the tax liability. On the other hand, the poor have the lowest debt burden absolutely and relatively; and, yet they are charged the highest interest rate (up to 500% interest). This difference in the interest charged on debt for the rich and the poor is precisely a shift in the debt burden from the rich to the poor.

[@brianwheeldon4643]

Thank you Richard. Much appreciated

[@jacobtang8260]

Prof Wolff and the Democracy At Work Team 👍👍👍

[@kodfkdleepd2876]

They will do what psychopaths do... undermine as much as possible by murder, deceit, etc.

[@petertheodore7242]

Thank you Sir, you are explaining all those things to us so clearly. One fair thing in this world. even rich people eventually come to an end .

[@fullysynthetic]

In history all empires and dynasties eventually came to an end no matter big or how powerful they were

[@ednagettobed5793]

America had more soft-power than any nation that has ever existed. It's influence unmatched. Scores of countries wanted to be on America's good side - they would bend over backwards to get there. Amateurs in the American government squandered that, resorting to using the military where America could have squeezed/charmed/cajoled in other ways longer lasting and more effective.

[@LaurianSuzann-ov2ls]

@Ednagettobed stop compared our country with something worse always pushing to be better them what you got already

[@dwardt1]

Well said. No one is talking about the elephant in the room , and that is the growing number of foreign currencies that are becoming gold backed while decoupling from the US dollar. When the US dollar collapses, the Wet is finished as a dominant force.

[@billquest5923]

Precisely

[@anwaremritte]

Which will be a good thing. All once great civilisations have somehow disappeared when they became the bully instead of protectors of values

[@miguelmansururpi671]

The American left intellectuals are ethnocentric and don't look down south and that includes you Richard. Bring in people from down south. Love your program. And have listened to you and Harriet for years.

[@Monkeybongoes]

If we talked about how unearned income widens the wealth gap, more people might get outraged.

[@janineskywalker527]

I enjoyed listening you brought it all together. J

[@r64g]

These are the same people who said "de-industrialization is good for us".

[@joepapczun7526]

I would not generalize, that it is the US and US only. If you ask the questions, who owns the world, then after some deep investigations you will recognise that it is about 8000 people. That is it! Those bankers and others own corporations through Mutual funds like Blackrock, Vanguard and others... The companies and their CEO-s and others only execute the requests from their owners, and get paid pretty well. The owners request bigger and bigger profits. It is implemented by applying bigger and bigger margins on products and services. You can't have a 20, 40, 50 or 99% margin running a restaurant as a family business. But the so-called high tech, the SW, Services, biotech... the military and some others are pretty well usable vehicles for the company owners to milk the whole world. It is simply insane, disgusting and unbelievable to know how greedy these owners really are. Some biotech companies charge a 99% margin rate on some special drugs!!! Apple to talk into your faces, that they serve You! NO, They and the others are simply ROB You to the bone. With 40 - 50- 60% margins on some "high-end" items, that do what their owners ask them to do. And the very - very few, the 8000 greedy gang-members execute the request with millions of diligent supporters, many of whom are really out of character. Say for example 100 000 professionals work to create products and services, and the total payment of these workers in a year very often less, than half of those, who do NOTHING, just own the company through stock exchanges and dictate the major direction though board meetings and votings. The stock market in the current form is a Huge SCAM. Scam of the cheaters. It does not work the way, it was intended to work 100 years earlier. If you do not believe this, just check for example Exxon. Calculate, what might be the total payment of all employees, and see, how huge their yearly profit was and divide the total yearly profit by the number of employees. There are many things that has NO limitations. But the first, that comes into my mind is the GREED of the gangsters. For this reason, this rotten capitalism will be flushed down the toilet in the next 20 - 50 years, and the process started Not recently, but after 1945, when the US dropped the atomic bomb to Hiroshima and Nagasaki. This is pretty much in a few sentences about How the world currently operates.

[@terencewise7349]

From Terence Wise in UK.......Wow what a great video.What a great American gentleman.

[@ronkirk5099]

We have been overspending on the military since Reagan BORROWED 2 TRILLION to start a military spending spree supporting the military industrial complex that continues to this day and leading to the militarism we saw during the W. Bush administration. There is something wrong with spending more on our military than the next 25 countries combined and spending 3/4 of a BILLION EACH on aircraft while our deficit soars, the middle class is gutted and poverty rates increase.

[@michaeledwards2251]

I know people put the blame on REAGAN for Reaganomics, but it is forgotten he was conveniently shot before the policies were put before Congress. He had been making deals with Gorbachev and taking other actions which the military industrial complex would regard as undesirable, such as not being keen on nuclear war. Do you remember the VP was a member of the BUSH family, the same family who were buddies with CLINTON.

[@rolandorodriguez6467]

The wealthiest Americans may be avoiding $163 billion in income taxes every year, according to a report from the U.S. Department of the Treasury. While U.S. tax brackets increase by income, the ultra-wealthy often leverage laws to reduce how much they owe. Financial experts cover some of the most popular tax avoidance strategies.

[@miguelmansururpi671]

Thank you Richard. How will we get this message to the working people? I'm in Canada. And the left hs little influence on the working class. The workers are too tired and have no energy. Let us look at the Latin American left and see how they are connecting with workers.

[@cesarcalderonvalles]

Thank you very much!

[@errorsofmodernism7331]

Farewell America

[@justbe1451]

Well spoken 👏

[@VanlifeNoonan77]

Well Said and That’s the Truth

[@johnbutler3141]

Please dont call political crooks and thieves elite.

[@skybot9998]

One cannot lose what one has already lost.

[@LaurianSuzann-ov2ls]

Sky boot what hell you’re talking

[@wulung5943]

The rest of the world does not agree that their hard work, sacrifices, migrant work, children's future etc. should enrich the 1% in USA. US citizens can do what they want! PERIOD!

[@mikelloyd520]

The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

[@Lorenzo-ew6so]

Enjoyed your insight Richard Wolff, Than You.

[@marlbankian]

I agree with this

[@chuckleaf8027]

End the Fed...start there.

[@beastmode8203]

Not going to happen.

[@chuckleaf8027]

@@beastmode8203 You are probably right. Be like taking a whiskey bottle from a drunk..

[@oliviasukamto947]

@@beastmode8203 and this is the drunk boot licker lol

[@digitalfly772]

Absolutely, amen to that !!!

[@claudiaalvaran3905]

Very Well Said Sir. Thank You !🙏

[@Inpreesme]

Thank you

[@3r1cratpool22]

yes, its all about this and the transition is realy dangerous for everyone

[@liamporter1137]

Great info. Thanks for sharing and surfacing the truth. 👏👍

[@abuahmed6058]

Very insightful .

[@thelion706]

Absolutely. Very clear crystal.

[@Vengai2080]

Substitute 'elites' for 'bandits'

[@marywest6844]

Out on their asses.

[@georgefarrington895]

The worst thing for the blue collar workers are the blue collar workers , being part of a union gives you a much better chance of getting a fair pay deal. Thank you so much for the video’s, you are the light of hope in a very dark place of the working world.

[@markclark3747]

When you're competing on the world stage higher worker wages just guarantee that a country with less worker rights and pay just take your jobs that much quicker. Why pay an American worker $30.hr when someone in Vietnam or Thailand will gladly do the work for $2/hr?

[@georgefarrington895]

@@markclark3747 most of Americans are only getting minimum wages, the other side of the coin is a living wage and less crime and a safer place to live maybe.

[@LolaBgcps]

Thank you!

[@DexanLow]

To dominate someone or something, you need to earn respect . Only then it is meaningful . To dominate through bullying is disastrous .

[@markpeters7466]

Richard wolf. I love your views on capitalism. We need these type of insights on this topic.I would love to be at one of your speaking events.

[@lowcc7602]

Richard. U r correct. The fear had made the US run amok with insanity everywhere.

[@dennynisevic7848]

Woooow , what a video, thank you Sir.

[@teetone3679]

Let’s see how confident the 1% is when judgment comes calling

[@rob5197]

The American dream was just that for the lucky few

[@miramartin-parker3725]

Please discuss the labor practices at the New School. Practically free/donated labor from the professors, low-wage service and security staff, and students paying a shit-ton and often going into debt funding everything. Please discuss this racket. Here in the SF Bay, the former Zen Hospice (a spiritual non-profit) worked the same racket. Zen volunteers provide the image of social goodness, paid staff (looked down upon by the volunteers) do all the difficult shit, and the highly educated and enlightened Brahmins manage decision-making (and get the nice homes and money). Quite the hustle, no? Common to both the left and the right, no? Exploit people's spiritual beliefs, their desire to be good. This is bull shit, no?

[@kaytaylormath]

Excellent!

[@hansweissmann_xviii6754]

Fear is usually induced by expectations that you know is going to be realized.......

[@AlteredState1123]

Thanks, Professor. Definitely feeling the squeeze. That said, I am not so optimistic about China’s rise. If there is a serious reduction in Ukrainian and Russian grain and fertilizer exports, the food crisis will set a whole bunch of bad things in motion. That is my biggest concern.

[@rogersmith7396]

History is never linear. It rises it falls. Remember the dark ages.

[@WANDERER0070]

China is self suficient in food ,watch Richard Augilar and CGTN and Reporterfy media travel and Cyrus Jannsen and The china traveler and Blondie in China

[@AlteredState1123]

@@WANDERER0070 Thanks. I will take a look.

[@andreylebedenko1260]

A few have billions because billions have nothing.

[@billappledorf]

Rentiers are not employers. The FIRE sector (Finance, Insurance, and Real Estate) extracts economic rents from the productive economy. Economic rent is profit that is untethered from the cost of production. Rent on apartments built decades ago are being driven through the roof not because the cost of producing it has increased; what it cost to construct those buildings was spent long ago. Rent is whatever someone will pay. It has nothing to do with production except that rentiers prey on the productive economy to extract as much capital from it as they can. That leaves less that can be invested in plant, equipment, and hiring workers. So rentiers -- especially real estate holding corporations and banks -- are looting the economy for as much as they can grab as it descends into oblivion.

[@jean-mariegarcia1477]

Tres bon constat de notre realite. Merci.

[@gracesutton1359]

America , respect to those who died for their countries , whether it be for America or other nation . I would like to respectfully ask why is it so important for people in power in USA to make USA have a strong hold on other nations ? Other nations don’t have to become like America . The American way is not the only right way for society. America is very passionate about their freedoms but why do American poltics s act like america wouldn’t be able to have their freedoms if another nation become more powerful ? Just be respectful to others in other nations , the mentality that america should always rule the world is a weird one . If China becomes more influential and powerful - what does that even change for Americans I really wonder

[@rogersmith7396]

The American military exists due to fearful paranoia. End of line. Never had one before 1941.

[@beastmode8203]

If China surpasses us China will be destroyed in a nuclear war.

[@Dustin_Bins]

Because ' 'Murica is #1" is the way the U.S. markets itself and if my quoted statement is true, that's how the U.S. keeps making money and how they keep U.S. capitalism expanding. If my quoted statement became NOT true, the U.S. robber barons will leave and we would be left with the ruins. Anyone who is in power knows this and would do ANYTHING to appease these capitalists to keep their power too.

[@humanitariangenocide8231]

A great working class channel is Revolutionary Blackout Network. I like the combo of dr wolff and their firsthand lived working class experience and analysis

[@rosariocannistraro3561]

Nick and CJ have had Dr. Wolff on in the past

[@Cdarlosfletch58]

The sword of Truth is a beautiful and extremely frightening tool to Weald !

[@ekayonosuwito3298]

👍👍👍 Ur absolutely right.

[@doctoruttley]

They don’t fear…they know it is inevitable and imminent. ☠️

[@beastmode8203]

You are absolutely wrong the United States will stay number one or the world will suffer thucydides trap for the 17th time except there will be nuclear weapons involved.

[@ewalker1057]

It is those at the top that caused the decline of the empire. Stopped buying eggs months ago.

[@beastmode8203]

We won't coexist a second. You'll get the worst outcome you could ever fathom ☢️

[@ManuelRodriguez-fy1hf]

Facts Facts Facts..Thank you for telling the truth.. bless you

[@t.g.v.6955]

Prof Wolff thank you very much for this honest to goodness analysis. The world/humanity indeed needs rebooting ..-and hopefully a better generations to come. His analysis is correct. People need to learn from this.

[@tonycaine5930]

The question is, who really is running the U.S. government? The President is just the public face of the government. The real power behind the government are well entrenched for a long time. Presidents may come and go but these established people are in power for life.

[@umeshbhattarai2992]

Excellent Speech-Salute ❤❤❤❤❤❤❤❤❤❤❤❤❤

[@obaidulhaque7687]

SUBSCRIBED

[@jayjoseph3104]

BEST THING FOR THE ENTIRE WORLD!👍

[@saraswathiranganathan9229]

Good for them. 😊

[@cscsp]

I saw a KZbin video that shows 60% of working Americans receive more money from the government than they pay out. For example, they pay $10,000 in taxes but receive $15,000 in entitlement benefits.

[@billysmoke2736]

What dr Wolff is really trying to say is the work/job ideology is over....now let's all be smart, be kind, be one with another and let's help, share, care with one another. Now.. that's the end state to madness!

[@hoonai]

Insane is the right word!

[@chrisrodriguez1685]

Good

[@mikeabc5355]

In 50s US elites had nothing to fear at all at that time everyone in US had a good life easily accessible. Today huge part of the population is under the influence of drugs, the homeless are everywhere, making a living is harder every single year, and working for corporations is most depressing and unfulfilling, wealthy are wealthier than ever, and the poor are more plentiful than ever. This is not good for the working poor and that can only lead eventually to mass rebellion. The only solution is for the greedy to give up some of their ill-gotten wealth or except the coming horror that they created for themselves.

[@robertcox14]

We may also be poisoned by non-stick fry pans, etc.

[@mikeabc5355]

​@@robertcox14 It must be an amazingly good feeling for boot lickers to lick boots because they keep doing it with such joy in their hearts.

[@nimaramon6340]

It is a great news 👍👍👍👍

[@jamespurcer3730]

Not only are we paying more for manufactured products, the products available are cheap junk that has a very short life. The most robust pants that I can buy don't last a year before they become useless and new automobiles will break down between 30,000 to 60,000 miles. I have a 1979 Ford truck with over 140 000 miles and it still runs good. They don't make them like that anymore.

[@hoonai]

Can't be dominant forever!

[@jackbrown8052]

I'm waiting for Richard Wolff to give a lecture on the delightful economic virtues of the North Korean economy.

[@shalinihooda662]

Best news

[@truthinsideralWays]

Very well explained. Thanks

[@ranar1036]

Not 'losing' Prof Woolf, but is already lost!

[@ueinihctir5650]

Elites aren't afraid.