Global Capitalism: A Looming Economic Crisis [OCTOBER 2016]
Economy | Information | History | Online | Facts | World | Global | Money
Special thanks to Bill and Cathy from Maryland who have sponsored this month's episode! Become a sponsor: www.democracyatwork.info/sponsor These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For October 12th, these will include: 1. More evidence that the "recovery" isn't real; 2. A discussion on how and why the post-2008 economic policies failed and have left the global economy extremely vulnerable. _____ When time permits, we open the floor to questions and comments. Our goal: to develop all participants’ understanding and ability to explain current economic events and trends to others.
Comments
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Over-saturated with shopping malls! Oh, horrors!
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Lotsa people are saying that trump is gonna fix everything, very quickly.
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every species and nursing mothers live without money in nature only the sub cult of rapist theocratic greedsters kill for money
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I enjoyed watching this video with human consciousness behind it. This professor knows what he is talking about and I like his style as his lecture is understandable to all.
If you want to build a house, you need to prepare a secure strong base to support the house. Building a sustainable economy obeys the same rules.
The main problem with Capitalism comes from no secure base to build an economy on it. That contributed in growing inflation which has removed affordability for majority while been good for minority. I personally believe in 1998 economical prediction which leaded to mergers of businesses due to over productivity to overcome deflation and create the possibilities to meet overheads in debit economy did go too far due to inherited instincts from predatory primitive form. The subsequent 2008 crash has been predicted as a result of that money pump to the system. I always said a few minority hair pickers converted the bare body like the palm of the hand where there is no more hair to pick and that is why a classical method failed and made the condition even worse. -
we are all fucked
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No inheritance tax limits wealth mobility: false
Neither candidate is talking about a economic crisis: false
Capitalism works when you allow it to work. -
Dr Wolff creditism is the problem + government. You mention bill Gates $50 billion that's the value of his holdings. For you to take it you'll need somebody who'll want to buy it. Therefore you'll still have concentration. And then you'd need somebody willing to buy it.
And the problem isn't capitalism it's creditism+corporate collusion with government. -
It seems we have been unwittingly toying with a hybrid economic system for some time and it may be time to, formalize it, as a way out of this"Boxed" in situation. Some folk need to be on permanent welfare and some on merit based Capitalism. It would also help to force corporations which as Mitt Romney taught are "Legal Persons" that "there aint no free lunch" and that goes for them too. Same thing for giant cash savings which our soldiers fight and die to protect. It's time they recognize that there is a cost to life, and get off the free ride they have enjoyed at the expense of "Human Person" labor.
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This guy is the best! Tells it the way it is no mattef matter what!
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Will be painful for Americans but humans always find the way out ,Lets live a life within our means and put the american dream 'DEBT ' in the garbage. We have our own dreams. LETS NO BE AFRAID OF THE 1% WHOM OWNS THE WEALTH. THEY WILL BE IN PANIC OF THE 99% IN A CRISIS TIME. BUT WE MUST BE READY. EACH FAMILY MUST HAVE A PLAN FOR 3O DAY IN A CRISIS TIME.. LETS ATTACK THE THE PROBLEM BY RECOGNIZING THAT WE ARE NOT THE BEST COUNTRY IN THE WORLD AND LET'S ADAPT TO THE NEW REALITY .LETS RESPECT THE REST OF COUNTRIES . AMERICAN WE ARE VERY CREATIVE ,
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Whenever i speak to people about socialism the response is mostly the same: you are an idiot. It is so important to not only have right ideas in mind but to study and be able to prove your points scientifically, and of course to discuss; so many people are simply afraid of truth.
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Kenneth S Rogoff, professor of economics in Harvard suggest negative interest rates, and policies so people won't stash cash!! Worth reading:
https://www.project-syndicate.org/commentary/no-room-for-rate-cuts-in-recession-by-kenneth-rogoff-2016-11 -
Although I agree with Professor Wolff analysis as a whole, he keeps contradicting himself in two main points:
First, the US corrupt political system which governs the US CANNOT be fixed by electing someone or changing some legislation. Bernie Sanders and many other fame lovers, are and will NOT fix this corrupt ill system that is on the verge of collapse. In fact US citizens have NO TIME for another four years of elections and another clown or puppet.
Second, the US capitalist system CANNOT be cleaned by having more unions or coops. Elites who control BOTH, corporations and government, are not and will not promote US citizens interests above their own. It's called "conflict of interest" and taught in corporate governance in many business books!!
Lastly, if professor Wolff really thinks that this system is going to collapse, sooner or later, as he mentioned many times in his talks, how come he asks for a tiny stuff that would make no difference for the US economy. We would be better off accelerating the process of this economy crash, rather than continue living in hell and increase the US population suffer for many years to come!!
Whoever agrees with me, THUMPS UP!! -
wow, what a racket with that Picasso!
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Thank you very much for these appealing, refreshing, inspiring, catching lectures you give us. Let me assure you that we got the same portion of problems here in Czech republic it is not just the USA that is corrupted this much
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You can print your own money as a private person. Write a check and circulate it. Now the circulation part may be tricky, but you'll have created money out of nothing via a corresponding debt.
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I absolutely love that this "extremely intelligent" man refers the IRISH folks in the audience... To watch Samantha Bee - from Full Frontal - so they can better understand the "election" aka open trash fire speeding down the wrong side of the freeway, while followed by a group of carnival "Carnies" and shirtless guys wearing their "I'm with STUPID->" t-shirt and sitting next to a girl (who looks more like a boy) with a NEW MULLET haircut.... 2016!
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Brilliant speech.
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