Economic Update: Trump, Explained (2016.11.10)

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1. Until people are willing to stop buying cheap planned obsolescent goods and using credit to maintain the appearance of wealth, this capitalist driven economic system will prevail. The billionaires "vote" with their pocketbooks so we have to vote with ours. We have to demand better goods by not buying the cheap stuff. Plan spending, don't buy impulsively, and speak louder by well informed consumption. Worker Cooperative produced goods are out there.
2. I wonder, if the USA patent system was weakened, would that also weaken a lot of the corporate oligarchy's?
3. great channel, thanks!
4. Dylan is a reactionary Christian Zionist who has not had one progressive utterance in over 45 years. A complete irrelevance and waste of space, he's in good company with obomber.
5. There's not a lot to argue with Wolff's analysis. The same sort of thing is happening this side of the pond. There's a deep resentment, people are lashing out. Kind of reminds me of another Dylan line: when you've got nothing, you've got nothing to lose. The winners, at least for now, seem to be the far right. From where I am sat that is all a bit worrying.
6. http://theconcourse.deadspin.com/growing-up-in-a-trump-town-1788838606 this article illustrates what we are dealing with.
7. Cooperatives need to fully embrace technological innovation if they are to be successful. Trying to exist outside the reality of technological advancement is a losing proposition. It can be an example of how basic research can be employed to make the world healthier and more prosperous for everyone, without exploitation.
8. The problem with coops is that it still needs to compete in a capitalist environment. Making products for a few pennies more still doesn't solve coops' limit on capital requirements for growth. It can't rely on taking in new members for that. I'm wondering if there are any examples where they sell shares with less powerful/no votes to the communities affected by coops' activities or to perhaps the customers who buy the products? I don't think coops have a real chance vs capitalist companies even if the message gets out to consumers that coops are better and they start buying coop products.
9. This is a great analysis. Trump tapped into the right message to get him elected, but the chances of him actually delivering on his promises of change are virtually nil, and he is all but guaranteed to betray and disappoint the people who voted for him.
10. It doesn't seem to bother these protesters that Clinton is lying, murdering, queen of graft, selling off American to highest biddung foreign terrorist govts.... not to mention 5 govt hacking her server.....that is OK? all emotion and no brains.....Trump isn't the answer but he's an American , what the hell is Clinton?
11. HAHAH SOCIALISM FAILS
12. First a Blackman, now an Orange orangutan what next, a green alien. Lol
13. My interest is in coops and Unions. I've been to several different locals and the internal organizational model seems to mirror each other perfectly. Are their any Union coops, where the organizers/representatives work as a collective?
14. I buy co-op products wherever possible (which isn't all that easy in Australia), happy to pay more for organizations that make decisions that benefit us all. The more co-ops that gain a foothold in different kinds of markets, the more I'll be able to stop giving money to nasty companies.
15. Is there co-op dues like there is union dues in a unionized work place?
16. But isn't automation a good thing in theory? It means we need to invest less work for the same result. The problem is that the profits aren't shared.
17. 20:30 Prof Wolff referencing Rage Against The Machine and Tom Morello, I think my head just exploded.
18. Dear Dr. Wolff, Could you please discuss the issue of how worker cooperatives deal with skill/knowledge/talent differential and the related issue of status differentiation where males seek status for access to mates and females seek status for preferential access to social and physical resources (among other reasons). A prototypical situation that could have to deal with these issues is a hospital. Could a hospital be a worker coop? How would the doctors and janitors interact? What would be the reward for the extra personal responsibility and investment that goes along with the doctor position? A second prototypical example would be an integrated circuit manufacturer like Intel. The people who design the chips have PhDs and have invested far more in their own development than the factory floor workers. Could a company like Intel be a worker coop? If so how would chip designers and factory workers relate? Does Mandragon have exceptionally rare and skilled individuals who have an outsized influence on the outcomes of the organisation? How do they keep these highly skilled people? How are they recognised?