Wolff Responds: Deepening Class Struggle

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RichardDWolff

RichardDWolff

2 жыл бұрын

In this Wolff Responds, Prof. Wolff calls attention to the class struggle going on in the US today. This struggle between minorities with power and majorities with no power has long existed-within master/slave, lord/serf, and now employer/employee dynamics. Wolff points to the myriad of signs of class struggle: mass resignations, large unionization efforts, inflation, rising interest rates, and more. The masses want change and the minority in charge can sense it. As this class struggle heats up, can we stay unified against distraction tactics and divisive rhetoric in order to create a more just society for all?
Wolff Responds is a‪@democracyatwrk‬ production. We provide these videos free of ads. Please consider supporting our work. Visit our website democracyatwork.info/donate or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at / gcleu .
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Пікірлер: 159
@frank124c
@frank124c 2 жыл бұрын
Great lesson from the Professor on class struggle. When I watch Dr. Wolff's videos I feel that I am getting a college education on socialism.
@kobked-x
@kobked-x 2 жыл бұрын
a master class on Reality... most are just too manipulated to understand that they are the victims.
@itzenormous
@itzenormous 2 жыл бұрын
He spends most of his time talking about the flaws in the capitalist system. So, perhaps, that's what you're getting an education on?
@jeremyrangel8138
@jeremyrangel8138 2 жыл бұрын
@@kobked-x Are you actually a victim? Or are you just whining because you don't earn very much money?
@jamesmorton7881
@jamesmorton7881 2 жыл бұрын
Viktor Shvets, global strategist at Macquarie Group and author of “The Great Rupture: Three Empires, Four Turning Points, and the Future of Humanity”, joins Michael Green to discuss the devolving nature of capitalistic societies as the demand for an augmented scope of human rights storms capitalism
@kingtrance307
@kingtrance307 2 жыл бұрын
@@jeremyrangel8138 - For a so called business owner, you sure spend an extraordinary amount of time trolling on KZbin! 😂😂😂
@schwerpunkt7687
@schwerpunkt7687 2 жыл бұрын
An injury to one is an injury to all.
@jeremyrangel8138
@jeremyrangel8138 2 жыл бұрын
No. No it's not.
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
Indeed!! kzbin.info/www/bejne/bouWnaypjZlokMU
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
​@@jeremyrangel8138 shut up bot.
@spartan117q13
@spartan117q13 2 жыл бұрын
No war but class war!
@ccpj0eyb319
@ccpj0eyb319 2 жыл бұрын
Yeah because it’s not your fault that your lazy unlike the rich 🤣
@VivaCatatumbo973
@VivaCatatumbo973 2 жыл бұрын
@@ccpj0eyb319 Yes like trump who had everything given to him.
@emilypotato9495
@emilypotato9495 2 жыл бұрын
I so appreciate your voice now more than ever!
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
Voices are good. . . but actions always speak louder than words!! kzbin.info/www/bejne/bouWnaypjZlokMU
@JovonWNY
@JovonWNY 2 жыл бұрын
The rise in social entrepreneurs advocating for joining the class of elites and rich further distracts from looking at the conditions with scrutiny. Instead many romanticize the mentalities and practices of the rich as an example to follow while failing to notice how this actually reinforces their current reality. Working more and owning less.
@kennytheclown3859
@kennytheclown3859 2 жыл бұрын
Professor Wolf always adds some clarification to situation.
@ccpj0eyb319
@ccpj0eyb319 2 жыл бұрын
He definitely adds some Marxism to the situation 📺🐑📺🐑
@jeremyrangel8138
@jeremyrangel8138 2 жыл бұрын
I'm not sure what he clarified.... Yes, people that produce more things of value earn more money. Was this a mystery to you before you watched this video? Why does the owner of the restaurant (typically, though certainly not always) earn more than the person that washes the dishes in the restaurant? Because the owner of the restaurant is the one that's responsible getting the meal to the customer for a price they find agreeable.
@tonicantrell9545
@tonicantrell9545 2 жыл бұрын
I was being sarcastic, I believe the world has never done better today in my lifetime I have so many more opportunities than before and I don't have an education, because I couldn't afford it. However I have my own house, my own car and food. If I work more I might just as well have more. And no one is preventing me from doing it.
@fraudron3455
@fraudron3455 2 жыл бұрын
@@jeremyrangel8138 wow you really suck at Economics to be posting this. Is it the owner that finds the price agreeable to the customer or the market? If that is your arguement, any 10 year old can find a price that is agreeable to the customers all they have to do is measure their competition since all the heavy lifting is done by the market already. So a group of underpaid dishwashers and cooks can also come up with a price the "owner"/"employer" came up with, without needing to justify a ridiculous income disparity for it.
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
​@@tonicantrell9545 lol is that why you have to pay for permission to exist?
@torbjornjuliussen3556
@torbjornjuliussen3556 2 жыл бұрын
Frank you are so right, and its all for free. RW is the greatest gift to US working people. 🤜
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
RW?
@yt_baphomet
@yt_baphomet 2 жыл бұрын
Loved the Master-Slave reference Professor. We need Hegel now more than ever. ❤️
@kobked-x
@kobked-x 2 жыл бұрын
Thank you yet again sir!
@hermenutic
@hermenutic 2 жыл бұрын
Thanks for letting me know I'm not the only one to be able to decipher the signs of the times. I don't feel like a lonely fool now.
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
You are not alone!! kzbin.info/www/bejne/bouWnaypjZlokMU
@kevinjohnson9533
@kevinjohnson9533 2 жыл бұрын
Great statement, offering instant clarification in confusing times.
@jeremyrangel8138
@jeremyrangel8138 2 жыл бұрын
Yes. Mr. Wolff believes in worker co-ops so much that he has stared exactly ZERO of them.
@radscorpion8
@radscorpion8 2 жыл бұрын
@@jeremyrangel8138 ahahhahahaha
@1234kingconan
@1234kingconan Жыл бұрын
You hit the nail on the head. If the left and right put aside our differences as working class and fought the employer class, we could make real change.
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
. . you cant be friends under capitalism!!!
@dr.felipedbr2783
@dr.felipedbr2783 2 жыл бұрын
Great speech as usual ✌🏻 Congratulations Dr. Wolff
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
Actions speak louder than words!! kzbin.info/www/bejne/bouWnaypjZlokMU
@pilleater
@pilleater 2 жыл бұрын
Lol love the cartoon!
@rachelthompson9324
@rachelthompson9324 2 жыл бұрын
you are too easy, this isn't a class struggle, it's war. We have been on the losing side of a class war all my life. When will we fight back? When this blows up, I would not want to be living inside a gated community. The wales may escape but the sharks will be hung from trees-- my prediction. Let them eat McDonald's can only last so long. The ketchup has run out.
@susanmercurio1060
@susanmercurio1060 2 жыл бұрын
Watch How to Start a Revolution DVD documentary and read From Dictatorship to Democracy the book by Dr Gene Sharp. Or maybe you'll rather watch the blow-up than participate.
@markfischer3626
@markfischer3626 2 жыл бұрын
The problem is far more serious now than class struggle. This comes from my efforts and conclusions related to the mathematical modeling and analysis of interdependent complex networks and how they can completely fail as the result of just one wrong element failing creating what is called a catastrophic global network collapse. The problem first occurred to me as an electrical engineering problem which is one of my areas of specialization. It started with a brilliant electrical engineer called Kenneth Brill in the mid 1990s. He invented a simple and very clever way to power one electronic unit from two or more sources simultaneously, safely, reliably, so that if one source of power failed the remaining sources would immediately supply the required power. It consisted of two completely independent sources. If the required power was N units, he provided at least 2 N units of power. Further even more conservative design would provide 2(N+1) and even 2(N+2) units Fourteen years ago as a Director of Engineering in a company that specialized in the design, construction, and commissioning of mission critical data centers I came across a widely used but fatally flawed topology that appeared to provide the same level of reliability with only N+1 units of power using a complex scheme of cross connected elements called distributed redundancy. This reduced the number of required elements to N+1 and on the project I was working on whose design I didn't control reduced cost by over one million dollars. Something about it bothered me and later I found out it bothered a lot of other electrical engineers as well but I had to figure out why it bothered me. Usually I can find serious flaws in a design by inspection, or at worst several hours or days. This one took me over a month to figure out. I threw numbers at it every which way I could but I couldn't destabilize it to the point where it would fail. The gist of the solution was going from a steady state analysis to a transient response analysis. This analysis has other applications as well. For example, in October 1965 the loss of a single transformer in Buffalo New York blacked out the entire northeast United States electrical power grid. 38 years later in August 2003 the loss of a single electrical feeder in Ohio had the same result and extended even up into Canada. There are other examples. What does this have to do with the topic at hand, global economics? The answer is that the global economy is exactly such a network. The same mathematics applies. There have been multiple serious failures resulting from many factors, sanctions, the Covid 19 pandemic, the war in Ukraine. The spreading failures are already manifest such as the lack of semiconductor chips affecting many industries. The projected lack of food is another. In 2008 the paper fiat currency that is the basis of global finance nearly collapsed. But that was only paper, money being an abstraction used for the exchange of wealth. This is about the real economy, real wealth, real things that people need to survive. It's not just about television sets and smart phones, it's about food, medicine, energy, transportation, communication, the real economy. Globalization has created a complex interdependent worldwide network that is in the process of a catastrophic global network collapse. If this mathematical analysis is true, then the process of the economic failure of the entire world is in progress. Before vast interconnected networks whether electrical power or economies, failures were confined to one small area. Each one was relatively isolated from others and multiple alternative sources survived with little or no impact. But no anymore. Now it is all one huge very complex interdependent system of loops. BTW if you want to know the essence of the mathematical solution it's a system of partial differential equations that have to be solved simultaneously and to make it more interesting there are discontinuities when something changes suddenly. Each one causes discontinuities in all of the others. Interestingly in the electrical problem there are types of failures that cause the entire system to oscillate until it collapses.
@glengrant3884
@glengrant3884 2 жыл бұрын
BLOODY brilliant zero!!👍
@adrianhdragon718
@adrianhdragon718 Жыл бұрын
Interesting analysis ! Will have to read it again ! Am meditating on it now.
@markfischer3626
@markfischer3626 Жыл бұрын
@Adrian H. Dragon in the electrical problem difficult as it is to analyze let alone solve the cascade failure works this way. There are many interconnected loops serving more than one load. If one element fails the loads of the entire network shifts as the surviving elements take up for the failed element and the redistribution radiates outward from the point of failure throughout the entire network. At first appearance it seems the network has enough spare capacity to cover the loss of that one element so it seems safe. But what that analysis lacks is the element of time. There is no way to predict in time how the loads will redistribute and in some cases where the load is shifted too quickly a transient spike can trip a circuit breaker opening another circuit resulting in another redistribution until all of the circuit breakers open and the entire network is shutdown. The restart is not a matter of randomly closing circuit breakers because if you inadvertently cause another overload the system will shut down again. The only defense strategies are massive overcapacity so that overloads are unlikely to trigger a cascade failure or avoiding interdependent loops altogether which was Kenneth Brill's idea which he extended to 16 systems in data centers in founding The Uptime Institute. He has devised a four kevel tier system for categorizing reliability. Tier 4 is the highest where there is fault tolerance meaning no one failed element can interrupt operation and concurrent maintainability meaning any one element can be removed for service or replacement without interrupting operations. All this comes at a cost if higher build cost and it's inherently less energy efficient. If you want Rolls Royce reliability and performance be prepared for it to be a gas guzzler.
@davidsolomon68
@davidsolomon68 2 жыл бұрын
Fascinating lecture
@person-yu8cu
@person-yu8cu 2 жыл бұрын
Another prominent example of the struggle between the capitalist class and the working class, has been the pandemic response, which includes the freedom convoy. The freedom convoy was organized by the capitalists to create the justification for ending pandemic restrictions. Restrictions were lifted as an assault on the working class, to limit people's perception of the virus risks, as well as a punishment to the intelligentsia and vulnerable people more acutely aware of those risks.
@ccpj0eyb319
@ccpj0eyb319 2 жыл бұрын
That’s because the left is all about suppressing and control. What sheep listen to the commies 📺🐑📺🐑
@wyomii
@wyomii 2 жыл бұрын
NOW That's What I Call Conspiracy!.png
@correspondencecommittee5746
@correspondencecommittee5746 2 жыл бұрын
It's the p(l)andemic that's been organized by the capitalists as a global coup to crush the class struggle permanently with the imposition of a biosecurity state and technocratic rule; initially implemented via prison lockdowns posing as health protocols, masking absolutely useless save as a sign of slavish obedience to pseudoscientific superstition and arbitrary authority, 'social distancing' for breakdown of both human bonds and the body politic from which resistance might rise, corrupt PCR tests for false positives and casedemics to hold people in fear; unfolding further from increasing impoverishment, and depopulation, of working class masses from disaster capitalism's shock therapy, pushing desperate populations into central bank digital currency and social credit scores via relief 'solutions' like UBI if not starvation and suicide, to genetically and digitally engineered experimental non-'vaccines' for colonization, and depopulation, of human lab rats. Not only are there no great risks from a deadly virus - with a 99.98% survival rate. There's no virus ever validly demonstrated to exist beyond the rigged modeling of undifferentiated genetic sequences. There's only been a false flag flu to initiate a radical reset of human society. Intelligentsia like Wolff who are sleeping through all this, and more, have been useful covidiots, or active collaborators, for misleading vulnerable people into totalitarian dystopia. Wake up.
@joelwest5396
@joelwest5396 2 жыл бұрын
You are entirely correct
@thethirdgeneration1738
@thethirdgeneration1738 2 жыл бұрын
I have been thinking the whole time, how the Ukrainian situation is being effectively used to distract in an effective way to divert the publics attention away from class struggles, here at home, and to mitigate focus away from efforts or spearheads of any socialist efforts against the employer class.
@yurypolo4592
@yurypolo4592 2 жыл бұрын
If the war in Europe that might turn into a nuclear conflict is a distraction for you, you really need to work on increasing your attention. Most adults I know can hold 10+ active items in their heads at the same time and not be "distracted". Although, class struggles is not something that worth attention anyhow.
@VivaCatatumbo973
@VivaCatatumbo973 2 жыл бұрын
@@yurypolo4592 First casualty of war is the truth and the truth is whatever western corporate media says it is.
@yurypolo4592
@yurypolo4592 2 жыл бұрын
@@VivaCatatumbo973 Western corporate media is not perfect. You are correct in that it still reports the truth. I will take western corporate media every day of the week and twice on Sunday. It is because compared to the lies of Russia fascist propaganda machine than has no truth at all, western corporate media is on the side of good. If you have any doubts about this, ask Russian journalists of the last closed few free media outlets that had to flee Russia for fear of their lives just because they dared to report the truth. Ask mothers of the Russian soldiers who died in this war and who are being silenced and lied to by the regime of Putin. Better yet ask thousands of killed civilians in Ukraine who were killed by Russian rockets from a far or by Russian soldiers eye to eye.
@VivaCatatumbo973
@VivaCatatumbo973 2 жыл бұрын
@@yurypolo4592 The same western media you love so much also loved every fascist dictator from the Sha to Papa Doc to Pinochet to Samoza to Rios Montt to Alvaro Uribe. I guess in your world fascism is ok as long as they are your 'allies'. I am happy to live in a part of the world that is not dominated by your media.
@yurypolo4592
@yurypolo4592 2 жыл бұрын
@@VivaCatatumbo973 Do you think your media is perfect? I am sure they write plenty about the things you do not like. Maybe the things I might not like either. I am not sure about the media where you are, but western media is not homogenous. When compared to propaganda that is called news in Russia, western media is free and on the side of good. Specifically when it is reporting on the war in Ukraine.
@qake2021
@qake2021 2 жыл бұрын
👏
@robboots3440
@robboots3440 9 ай бұрын
Some mornings i wake up wishing a rebellion had started yesterday, so i don't have to be a slave today at work; I'd rather be thrown into bloody horrific mortal combat than serve at my job. Then i could at least feel that with every enemy i end, progress is happening, action towards a future better life without exploitation -soil, and a piece of earth to build a house without the sheriff's regime-, instead of drudgery and servitude to rich people who seem so detached and alien. We have nothing to lose, so keep pushing, and eventually Even a Worm Will Turn.
@JohnT.4321
@JohnT.4321 2 жыл бұрын
I took this quote from Daniel De Leon's "Reform or Revolution" back on January 26, 1896: "The social question and all such questions are essentially political. If you have an economic organization alone, you have a duck flying with one wing. You must have a political organization, or you are nowhere. Watch the capitalist closely and see whether the social question is exclusively an economic one, or whether the political wing is not a very necessary one. The capitalist rules in the shop. Is he satisfied with that? Watch him at election time, it is then he works; he has also another workshop, not an economic one "the legislatures and capitols in the nation." He buzzes around them and accomplishes political results. He gets the laws passed that will protect his economic class interests, and he pulls the wires when these interests are in danger, bringing down the strong arm of political power over the heads of the striking workingmen, who have the notion that the wages or social question is only an economic question. Make no mistake: The organization of the working class must be both economic and political. The capitalist is organized upon both lines. You must attack him on both."
@glengrant3884
@glengrant3884 2 жыл бұрын
TOP NOTCH RICHO!!👍💥💯
@Octoberfurst
@Octoberfurst 2 жыл бұрын
We need Richard Wolff as President!
@karencontestabile6064
@karencontestabile6064 Жыл бұрын
In NYS, minimum wage is 13.20...As of January 1, 2023, it will be 14.20...
@adrianhdragon718
@adrianhdragon718 Жыл бұрын
14.20$ That is almost double the federal..it is good ;)
@gauravgoswami3965
@gauravgoswami3965 2 жыл бұрын
In India minimum wage is very low compared to US.in India minimum wage is 8000rs per month.1 dollar=75 rupees about.right wing economy destroyed indian people's live very badly.neoliberalism destroyed us
@rcmrcm3370
@rcmrcm3370 2 жыл бұрын
✊👍
@hunnybadger442
@hunnybadger442 Жыл бұрын
Everyday I get reminded multiple times over that I am worth less than nothing...
@KC-lc8dx
@KC-lc8dx 2 жыл бұрын
Always awesome!!
@adamcraneguilford6236
@adamcraneguilford6236 2 жыл бұрын
Thank you again Dr Wolff
@jamesmorton7881
@jamesmorton7881 2 жыл бұрын
A more practical look at life for the new middle class. very different than what we have Viktor Shvets, global strategist at Macquarie Group and author of “The Great Rupture: Three Empires, Four Turning Points, and the Future of Humanity”, joins Michael Green to discuss the devolving nature of capitalistic societies as the demand for an augmented scope of human rights storms capitalism
@kennethedwards1677
@kennethedwards1677 2 жыл бұрын
If you live in a foreign country, raising interest rates seems to be good for the exchange rate.
@toniat8278
@toniat8278 2 жыл бұрын
Nice hair Dr. Wolf
@davidm0508
@davidm0508 2 жыл бұрын
My question is "how it all ENDS"??!!!
@jeremyrangel8138
@jeremyrangel8138 2 жыл бұрын
With socialists crying about being broke, just like always.
@coolmodelguy6304
@coolmodelguy6304 2 жыл бұрын
How it all ends? With techno feudalism and the elimination of democracy entirely. . . . or we use the Constitution to take back control of our country from financialized wealth.
@coolmodelguy6304
@coolmodelguy6304 2 жыл бұрын
@@robyenney951 - The funny thing is, after each of those revolutionary events, the problems leading to those events were never actually solved. Wealth and power in the hands of a few always leads to the suffering of the many. Until we cap individual wealth accumulation, the wheel will keep on revolving.
@coolmodelguy6304
@coolmodelguy6304 2 жыл бұрын
@@robyenney951 - Good points. Lately I have been buried in research of a macro economic scale, where unfortunately the same patterns are repeating over thousands of years. Wealth accumulation accrues to a minority, also concentrating political power. Those few then make horrible decisions leading eventually to mass suffering. On the micro level, there have been improvements made as a result of each revolution. The problem we have never faced before, is that in the modern age, the concentration of wealth and power is going to destroy our planetary home within a few hundred years. We have never faced self created extinction before and if we are going to survive as a species with a livable planet, we must make substantial changes to our own inbred power structures.
@coolmodelguy6304
@coolmodelguy6304 2 жыл бұрын
@@robyenney951 - Ah, but you are mistaken. I am almost a senior citizen and not made of leadership material. However, I have mad research skills and some talent at systems analysis. What I found when researching our current economy is a ruptured system, a repeat of earlier economies. Currently working to distill the information into bite size, easy to digest chunks, that the young folk can use to change things.
@shainowen2520
@shainowen2520 2 жыл бұрын
Money hoovers to the top
@BoilingFrogs2050
@BoilingFrogs2050 2 жыл бұрын
Be Wis and UNionize !!
@treefrog3349
@treefrog3349 2 жыл бұрын
All things considered, I don't know how any thinking person can see humanity other than a pernicious invasive species. I realize how heretical that sounds. But a realization - an an honest admission - that if humanity had not shown up on the planet (ALL other factors remaining the same) the Earth today would be a pristine wilderness of symbiotic action and cooperation. Ponder that reality. I don't think humans are as great as we like to tell ourselves.
@fmj9346
@fmj9346 2 жыл бұрын
Couldn’t agree more.
@VladBunea
@VladBunea 2 жыл бұрын
Great video Prof. Wolff, as always. I shared with my networks. You were an inspiration for me to start my own KZbin channel. I am a leftist too, but I focus on economic degrowth (post-GDP downscaling of material production in the Global North to bring all humans within planetary prosperity boundaries). I am wondering if you could address degrowth in a future episode.
@noeliabrunini4504
@noeliabrunini4504 2 жыл бұрын
What is the name of your channel
@VladBunea
@VladBunea 2 жыл бұрын
@@noeliabrunini4504 It is Vlad Bunea. You may click on my name/logo to get there.
@lordlee6473
@lordlee6473 2 жыл бұрын
I’m very happy unions are back, but I hope the union leaders are of better quality today than those in the old days.
@recluseauhermitticus2033
@recluseauhermitticus2033 Жыл бұрын
. . not under capitalism they aren't
@saramuhumphries5197
@saramuhumphries5197 2 жыл бұрын
👍💐
@qake2021
@qake2021 2 жыл бұрын
👌👌👌👏👏👏🏻👏🏻👏🏻👏🏻👏🏻👏🏻👌🤞
@FallopianDismay
@FallopianDismay 2 жыл бұрын
Good one, Professor!
@sandollor
@sandollor 2 жыл бұрын
You have a partner in my family and I Professor Wolff.
@shaddamiv2212
@shaddamiv2212 2 жыл бұрын
Complete/deliberate misunderstanding of nationalism professor. We are one of the only groups who fully understand 'the rich problem'. Our disagreement is we don't think open borders helps the working class.
@shainowen2520
@shainowen2520 2 жыл бұрын
Printed our way into bankruptsy. Printer go burrr
@foggyblues13
@foggyblues13 2 жыл бұрын
Intelligent information as always. Thank you Richard.
@signedelacroix7213
@signedelacroix7213 2 жыл бұрын
Why it took 200 years to wake up?
@shainowen2520
@shainowen2520 2 жыл бұрын
Culprit is the Federal Reserve
@coolmodelguy6304
@coolmodelguy6304 2 жыл бұрын
The culprit is unlimited individual wealth accumulation. If we put a hard cap on individual wealth accumulation, it would be a first step in having a working economic system. The system we have now is set to explode, like a boiler without a pressure regulator.
@shainowen2520
@shainowen2520 2 жыл бұрын
@@coolmodelguy6304 no, it's unlimited printing of reserves fed into large banks who then pump the stock market assets of the companies that billionaires own shares in. They are not cash billionaires. It's all falls on central banks. End the FED
@coolmodelguy6304
@coolmodelguy6304 2 жыл бұрын
@@shainowen2520 - I don't disagree about ending the Fed. However, the Fed is just a cover for those whose main goal is to accumulate wealth and political power. I have watched the Fed chart on Money Supply, but also Real GDP and Financial Assets. Soon the growth rate of financial assets will overtake our entire GDP, which means perpetual debt for everyone. The only way to end this is to regulate the economy, beginning with putting a hard cap on individual wealth accumulation. Not only does that bring the economy to something approaching balanced, but also eliminates non-elected political power. There is a horrible imbalance when last year, spending $1 trillion into assets, causes asset values to rise by a factor of thirteen. It is even worse when $16 trillion in money creation over a two year period literally changes nothing for the majority of 330 million people. No, this imbalance is caused by the perception that unlimited wealth expansion and on the other end, unlimited economic deprivation is an enduring way to run an economy.
@oldpeoplegaming8217
@oldpeoplegaming8217 2 жыл бұрын
Prof, is there a solution to the proliferation of credit in place of dignified wages? Other than a jubilee of course, we know the right wing in this country would never go for a blurrign of the line between church and state.
@susanmercurio1060
@susanmercurio1060 2 жыл бұрын
You can try learning about Modern Monetary Theory (MMT), which clearly discusses the relationship between rising credit debt of the private sector and the suppression of wages. You can tune into MMT Mondays, Macro'n'Cheese, or The Rogue Scholar on KZbin to find out about it.
@aleksiignatov8687
@aleksiignatov8687 2 жыл бұрын
Richard why you dont make some small business and run it the way you suggest?
@MusicSoundPlayer
@MusicSoundPlayer 2 жыл бұрын
The lords are the minority, my guy
@tonicantrell9545
@tonicantrell9545 2 жыл бұрын
Sticks and stones may break my bones, but words will never hurt me. We are not oppressed, the world as a whole has more opportunity than ever before, in my lifetime.
@hipoint40cal39
@hipoint40cal39 2 жыл бұрын
death to capitalism
@danahegna4442
@danahegna4442 2 жыл бұрын
Liberté! Égalité! Fraternité! The morning after the storming of the Bastille on 15 July 1789, Louis XVI asked a social reformer (the Duke of La Rochefoucauld) “Is it a revolt?” He answered, "No sire, it’s not a revolt; it’s a revolution." The record number of billionaires who have the money to make the decisions affecting the health and well-being of our future generations, love their families and have affection for their close friends, but they have DISDAIN for their fellow human beings whose physical and mental efforts continuously support their excessively luxurious lifestyles as they frivolously waste our children's and grandchildren's and great-grandchildren's limited resources. Merriam-Webster defines DISTAIN, "to regard as unworthy of one's notice or consideration, implying an arrogant or supercilious aversion to what is regarded as unworthy." Professor Wolff is literally giving-his-life for the future. Humanity has a CHANCE for the future, if we listen, then observe, and then, do. Thank you, so much, Professor Wolff, for your deep, deep compassion.
@susanmercurio1060
@susanmercurio1060 2 жыл бұрын
Want to have an effective class struggle? Watch How to Start a Revolution DVD documentary and read From Dictatorship to Democracy the book by Dr Gene Sharp.
@CChoustontx
@CChoustontx Жыл бұрын
Long prelude. Didnt watch.
@Eleuthero5
@Eleuthero5 2 жыл бұрын
I'm amazed at how the super wealthy have become like rock stars in our society. They should be pariahs but we sit by and cheer as Elon Musk plays with other companies as if they're trading marbles. KZbin ads are, invariably, get-rich-quick schemes which are absurd on their face since the top 10% in the US own 90% of the stocks. We've lost our moorings and the universal focus in life is passive income.
@alloomis1635
@alloomis1635 2 жыл бұрын
unfortunately, class struggle ideology is obsolete. the situation in usa is better characterized as ' 1 against all.' usans are alienated, riven by race and culture differences, and utterly cowed by a government that is impervious to any argument not supported by bribery. by no accident, education is merely preparation for work, often only a holding pen for adolescents who have no future. even your language has been simplified to limit your imagination, did you read and discuss '1984?'' probably not. the situation is not entirely hopeless, some human societies are livable, h. sap. is capable of civilization. but the looming climate catastrophe doesn't leave time enough for usa to dig itself out of its history. so yer toast.
@romanyarkov8426
@romanyarkov8426 2 жыл бұрын
Jack London's "Iron Heel" is more suitable here
@emale03
@emale03 2 жыл бұрын
Ideologue with no common sense
@dbzilis
@dbzilis 2 жыл бұрын
Prof Wolf. have you ever had a real job where you had to create a profit to eat? Were you good at it?
@gobblelevclass3nuclearsubm393
@gobblelevclass3nuclearsubm393 2 жыл бұрын
so if you "create profit" at a business that makes enhancement pills that made "a profit" does that mean you have contributed to the economy in a meaningful way ?
@dbzilis
@dbzilis 2 жыл бұрын
@@gobblelevclass3nuclearsubm393 yes
@hipoint40cal39
@hipoint40cal39 2 жыл бұрын
he has owned a few businesses.
@gobblelevclass3nuclearsubm393
@gobblelevclass3nuclearsubm393 2 жыл бұрын
@@dbzilis i mean penis enhancement pills is that a "real job" with "real benefit to society"? would amazing john galt be so high and mighty if his wealthn was based on selling penis enlarhment pills "??
@clarestucki5151
@clarestucki5151 2 жыл бұрын
Class struggles within capitalist democracies all boil down to a case of the less-productive/unproductive wanting to share the output of the more productive. The farmer who harvests 20 bushels per acre thinks he ought to share the income of the farmer whose fields produce 30 bushels/acre. The unskilled worker thinks he should be paid his wages PLUS have the right to share the income (productivity) of his employer. The less productive think the gov't should tax 100% of the output of the economy and distribute it equally among all. Poor people think they're poor because the rich folks are "greedy", but it's actually, it's the poor who are greedy.
@joelwest5396
@joelwest5396 2 жыл бұрын
Nobody wants your pennies dear. They want those paedo-raping billionaires to go to jail.
@yurypolo4592
@yurypolo4592 2 жыл бұрын
In capitalism man exploits man. In socialism it is another way around. Here is a joke from the Soviet Union - you know the country that tried socialism and also preached about the class struggle. An old lady comes to the local municipal government building. She wants to ask a question. But she is old lady, so she forgot what she wanted to ask by the time she got there. The workers at the municipal building try to jog her memory. They ask: "Is it your pension?" She replies: "No. I get my 90 rubles pension every month and it is almost enough to buy bread and potatoes on the few days that they are available at the local market". They ask: "Is it your apartment?" She replies: "No. I like my one room in the flat with two other families living in the other two rooms, one common bathroom and common kitchen". Finally she remembers. She asks: "Was the socialism and communism invented by philosophers or scientists?" "By philosophers", the workers at the municipal building reply. "I knew it", the old lady says. "If they were invented by scientists they would have experimented on rats first!" "Those who do not know history are doomed to repeat it." How many more victims socialism needs to claim around the world before it is judged to be an irredeemable failure?! If you truly are a socialist, why are you trying to monetize youtube and become the "ruling minority"? Shouldn't you be spending your time more productively? I forgot, you are the armchair socialist. You know, the person who lives the live of a capitalist while making money preaching socialist ideas. You are the propagandist. You should have become a pastor. If you did, you would have offered people some hope in place of the class struggle.
@joelwest5396
@joelwest5396 2 жыл бұрын
The misery you describe is Capitalism. Socialism gives abundance..
@yurypolo4592
@yurypolo4592 2 жыл бұрын
@@joelwest5396 Why do you want to live in misery? Move to North Korea to experience the abundance first hand.
@TC-eo5eb
@TC-eo5eb 2 жыл бұрын
We routinely hear the words "incite and "inciting" as in inciting violence. The left likes to refer to the January 6th riot at the Capital as Donald Trump inciting violence and the Kenosha riots as being "incited " by XYZ. I listen to most of Prof Wolff's video's (those less than 10 minutes in length) and he obviously is inciting class warfare to his cult in his video's. He waters it down by using warm fuzzy words like "class struggles" but is obviously trying to get his followers ginned up with his vitriol. Business owners against employees, capitalism against socialism/equity/equality, rich vs poor, union vs non-union and uses terms like masters and slaves and lords and serfs. Prof Wolff needs psychiatric help / counseling as he is obviously obsessed with hatred against business owners. The truth is, there are tens of millions of businesses that treat their employees extremely well with excellent pay and benefits, profit sharing and annual bonuses. Hundreds of millions of American's live in comfort in new homes, drive new cars, vacation, attend concerts and professional sports games to name a few. Wolff stands for a minority of people who fail to succeed in life for a number of reasons other than their employer like people who make poor decisions in life, lack of skills, lack of education, lack of effort, lack of initiative to find a better job. McDonalds and Burger King are entry level jobs never intended to support a family. It is easy to sit back and complain. Life is not fair and no one owes you anything. If you don't like your job be proactive and find a better one and quit listening to Debbie Downers like Prof Wolff.
@ccpj0eyb319
@ccpj0eyb319 2 жыл бұрын
Professor wolf is trying to start a communist revolution. To bad his unintelligent arguments only make sense to lazy entitled losers 😂🤣
@troyturton8197
@troyturton8197 2 жыл бұрын
A - Got a Problem with it? B - Bet You are one who could benefit from such a class struggle incitement. But you'll lie like all good Fascists do and act like you ain't struggling. Is being a "Good German" paying off for you? Highly unlikely! Hitler's regime was Fascist in case you didn't know it. They overthrew the commies as you like to call them. Trumpers are all Fascists! My guess is you are a Trumper!
@joelwest5396
@joelwest5396 2 жыл бұрын
Big business is fundamentally different than smaller businesses. Take your head out of your backside.
@TC-eo5eb
@TC-eo5eb 2 жыл бұрын
@@joelwest5396 Like Wolff, I'll bet you have never owned or managed a business.
@VivaCatatumbo973
@VivaCatatumbo973 2 жыл бұрын
@@TC-eo5eb I concur with joel west
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