Global Capitalism: February 2016 Monthly Update
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Global Capitalism: Monthly Economic Update "Demands for Basic Economic Change Keep Growing" with Richard D. Wolff Wednesday, February 3, 2016 at 7:30pm Judson Memorial Church (Assembly Hall, 239 Thompson St. at Washington Square, Manhattan) Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church These programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. This month, these will include: 1. Today’s extreme global wealth inequality: the facts and what they mean 2. Capitalism’s instability: risk of economic crises in 2016, the evidence 3. Britain’s Labour Party endorses worker coops as major new policy 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. ....... Professor Wolff's website: http://www.rdwolff.com Democracy at Work website: http://www.democracyatwork.info Economic Update Radio: http://www.democracyatwork.info/radio Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.
Comments
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Silicon Valley is a model of businesses without bosses, where many associates earn equity in their ventures. But such companies are always conceived and born as meritocracies. The forced theft of business from their hardworking founders, men or women who have spent their lives and risked their assets to build their business is what Stalin did or Pol Pot. Such theft and killing by government force, even when done in the name of the working class is plain and simple evil.
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Lets Analyse the Rich CEO Class: The maybe 10 000 tall tough Jocks who were the Bullies in High school since 1970s now are the big CEOs and control 10 millions of workers, and buying all the political Votes....EF U , EF U, EF U CEOs..
Because the world is divided into professions and all the slots are taken IF YOU DIDN"T KNOW THAT! Basically we got the NEW ROMAN EMPIRE and the CEOs as the Roman Senators and soon TRUMP to be elected as the new CAESAR salad!
These CEOs believe they were send on Earth as Gift from GOD to help manage us the poor and stupid population. Bernie Sanders said: Democracy is not a spectator sport: Because we are Spectators: We only watch the Stupid Tube every day and never go out to to vote for the real people. We only take the choice that the CEOs offers us- the stupid package.!
But not any more- every 50 years Revolution happens, and now its the time since last peoples revolution 1968 - The big awakening against treating people like meat and sending them in war 12000 miles away in Vietnam. Now the people are used like meat just to do the service jobs for the Rich CEOs, while working only for 9$/hour and all jobs are part time. Not Any more- we will take the power and kick them out of office!
We don't need the 10000 CEOs , but we need the 300 million middle class people who are turned into poor class! So Go out and VOTE FOR PEOPLE LIKE BERNIE SANDERS AND ELIZABETH WARREN WHO FIGHT FOR YOUR RIGHT TO HAVE A JOB AND ENOUGH MONEY TO SURVIVE!...,.,,,. -
THANK YOU from NEW BRUNSWICK CANADA
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i hate t o be the first to ask but is this man a jew?
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The prolonged sustained economic depression in both the 30's and this era were and have been sustained by the public aspect of the system, not from the natural ups and down of capitalism. Yes, capitalism is unsteady, but the intervention and attempt to control the fluid, dynamic, system of trade is what caused both to last so long. The federal reserve did not manage the great depression correctly--(not at all), and currently the federal reserve is only serving to prop up zombie companies and stock markets for the benefit of it's capitalist enterprising friends, while giving absolutely no regard to the publics situation. They give a lot of lip service as though they do but I would've guessed we'd be past that kind of naivete at this point of being screwed over for 8 years straight by now.
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To think that the Federal Reserve was the government's effort to 'control' the excess of capitalist banks is also pretty skewed. The FRS is the natural progression towards a more consolidated system of financial control by those very same banks.
No? Oh do tell me exactly how the owners of the largest banks in the world writing the Federal Reserve Act were acting in our interest and in an effort to reign the banks. I'm waiting. -
Sigh...for all the observations on deficits in capitalism the ignorance and blindness to the realities of our corrupt banking system is depressing. I would've expected a more through examination of both captialist faults and socialist faults. I see no observations on how socialist systems also have their huge problems which need to be overcome.
Why I say is because the president does not choose the head of the Fed. Yes, he gives the approval but he has to approve from candidates selected by member banks--no matter who he chooses it's always going to be from a pool of the bankers guys. It's just ceremonial purely. A guise of some public participation.
Our government has no power over this federal reserve system. Period. End of story. They can't look at what the bank heads are talking about or decide on until 6 months after the fact and they only get the numbers provided to them by the bank itself as an excuse to an 'audit'. It's laughable we haven't denounced this scam already. -
Before you assume that i never read a book think deeply.. MY IDEA IS NEW RADICAL, AND IT CAN WORK. if you donate money to people , they will spend it right away on food, and housing (prof Richard Wolff). SO MY IDEA IS INSTEAD THROWING HELICOPTER MONEY (paul krugman) from top down , we will throw from bottom up. Why should 90% of population wait for TRICKLE DOWN ECONOMICS , SO WE GIVE IT TO THE PEOPLE(and control the inflation same time) AND LET THE BIG BANKS AND BIZ BE CREATIVE TO GET OUR MONEY-let them be creative. imagine this way if all people get monthly:we will have no stealing, no murders for money, no poor people , you can fix millions of societal problems this way. Its not my idea-IT IS THE BASIC INCOME IDEA-I JUST IMPROVED IT. ..also RBE economy is great radical idea, also instead of giving money we can donate coupons and vouchers for food housing..etc.. I have blended many great ideas into one..I have power to visualize and troubleshoot different economies in my mind..I am sci-fi writer and if you want in the future you can create perfect society. But only if you want to share and help others. Einstein said : The Earth provides enough to satisfy every man's needs, but not every man's greed.. I believe capitalism needs to evolve into Socialism..But if you are right wing conservative you will dismiss my idea!,...,,,
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HOW ABOUT THIS IDEA: 0% TAX FOR ALL - Radical idea, but very powerful! 0% Tax for all , and liberals would say: (ooh my god my who will pay my salary and pension of my gov't free job) Hmmmm, i mean WHO WILL PAY FOR ALL THE ROADS AND BRIDGES!..I will tell you: Gov't creates money - so they will print it every month, and PAY THEMSELVES..AND THE REPUBLICANS: (ooh my god , my money in the bank will be eaten by inflation) hmm, BUT WE WILL HAVE TO MUCH INFLATION! YES..this is the idea.! TO EQUALIZE THE SOCIETY WE WILL PRINT MONEY and pay all people basic income every month - this way the poor will be happy, the middle class can still get money and pay for their houses, AND WHO CARES FOR THE RICH!....Why is this good idea! 1. If you plan to open small business and run it - you will not have to pay any taxes- so many small businesses will be open. 2. If you are Worker you will get you BASIC income and + if you shoose to work you will get extra and don't worry to pay taxes! 3. If you are gov't employEE you will do your job AND YOU WILL NOT BE VAMPIRE WANTING TO SUCK MORE MONEY FROM ALL OF US! 4. tHIS SYSTEM IS GOOD FOR ALL PROFESSIONALS like doctors or scientists, and in long term will create aworld with no poor, no stealing, no murder(except for cheating on ur wife) , no public protests, hapy people. BECAUSE THE MONEY NOW IS MOST IMPORTANT THING IN THE WORLD, BUT WE HAVE TO MAKE THE PEOPLE MOST IMPORTANT THING IN THE WORLD AND MONEY SHOULD BE ONLY USED FOR WHAT IS INTENDED PURPOSE IS: as an Exchange system , a voucher to buy and trade stuff, to get food and groceries and to make sure all of us are taken care for.,,.,.
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What a deeply inspiring way to end the show. Now that the young people are interested in "socialism" again: will the ideas pushed by Richard Wolff (and myself) finally rise to the forefront?
I'm looking forward to running for local office in a conservative-leaning small town, on a platform of establishing lots of worker coops in the local economy. It will be thrilling to think that I'm playing a role in bringing about a new economic system for humanity! -
Im having a hard time understanding Das Kapital do you suggestions for any supplementary material?
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Very interesting good to see he's been doing his home work
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I tried to donate, but the system would not accept it. PayPal sucks
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Interesting thinking us$ will be collapsing 28 May 2016 yet some youtube sites do not allow comments on this subject? I can not think of anyone saying no to US money.
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According to Marxist theory, political players and movements are a product of the time and environment in which they appear on the political stage. But in the case of Bernie Sanders, it's almost the other other way around. If not, then at least he, as an individual player, sure contributed a lot to creating the environment he and we all find ourselves in today. Wouldn't it be ironic if America, the country that in the past has done its utmost to throttle the progressive movement wherever it made its appearancein the world, will again become its champion, as it did when it threw off Biritsh domination and gave itself its Constitution.
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lying piece of shit
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Hey socialist... if it's so great. just move to where socialism already exists. Tell us about the opportunity. Socialism will not take hold in America, we have a constitution and guns that guarantee it.
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THE SOCIALIST BEAR HAS AWAKENED IN AMERICA!!!! #SocialistIsTheNewGay
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