Global Capitalism: January 2015 Monthly Update

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1. Buddhism and Marxism seem like a natural fit. Buddhism is all about killing desire, diminishing your ego, and nurturing compassion, and a common technique that's suggested is service to others. Volunteering at hospices, animal sanctuaries, etc. Which means if you're doing the work properly and really integrate the teachings, you become fundamentally incompatible with the greed that comes with capitalism.
2. 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.,.,...
3. He is fucking hilarious
4. it's so stupid that you have totally unfair distribution in capitalism versus 'equal distribution' in socialism. why isn't there fair distribution. that's what we need
5. Whale on the capitalists, Dr. Wolff ! Thank you !
6. I have a lot of respect for Prof Wolff and his critical analysis of capitalism. That said, it is sad to see in this video that he is very ignorant of oil and oil production. At about 40 mins in he makes the assertions that fracking is a technological breakthrough (it is not new) and that thanks to tight oil the U.S. has gone from being a net importer to a net exporter. For such a well articled, and well respected, professor to get this so wildly wrong it beggars belief. The current total U.S. production of all liquids is around 10 million barrels per day, of which tight oil from fracking provides about 3.5 million. The total oil that the U.S. consumes is 18 million barrels per day leaving a net amount still being imported of approximately 8 million barrels. It is so sad to see the professor make such a calamitous mistake and does his otherwise excellent reputation a lot of harm. To be clear, his analysis of the current movement in oil prices is woefully wrong. 
7. It just sounds to good to be true, I go to work and part of the place is mine. Sounds like paradise 
8. I can't even begin to express my profound gratitude to Richard Wolff. The Man is a Giant. I ADORE his PASSION. Thank you, Richard for being on OUR side. No. I mean, for being ONE of US.
9. Keep it coming Mr Wolff. Vital information you are sharing
10. This same thing happened in Russia during the fall. Of Communism. No one cares, everyone is in denial. Or just too stupid. Make plans to be as self reliant as posible. Thats the only possible effective reaction.
11. whether its marxist or capitalist, its only about how you define it. they all have pros and cons, but violation of integrity and organised crime and purposely deceive the mass public for the selfish interest is the origin of the evilness.
12. not often you hear someone tell the truth these days.  Thank you Richard.  You restore my faith in being human. 
13. Thanks Dr. Wolff for your masterful explanation of the issues as always. One quibble however: In your discussion about fracking and the new fossil fuel boom that has emerged in the last several years from these new extraction techniques, you conflated shale oil, which is being produced in North Dakota, Montana (the Bakken formation) and shale natural gas, which is being fracked in different formations in Pennsylvania and Ohio and many other regions in the United States. Obviously, the increased natural gas production is related to the oil market but it is a different natural resource (shale gas) than (shale oil) and has different market dynamics than the oil market. Nevertheless, your larger points still hold about how increased US fossil fuel production championed by President Obama has likely led to the drop in the price of oil (along with Obama's decision to use oil from the strategic energy reserve thus increasing supply.
14. I agree, energy is too important to be totally controlled by the "free market" - especially when we do not really know it is free.  The US  used force to ensure the flow of oil to the West and its allies, and the rest of the world too.  I think that is good, but it is not the free market either.  There needs to be some kind of global order before any "superpower" can relax their grip on things all socialism or capitalism to run their course ... so look for that in a few hundred years.  Until then we are all national vassals in a pretty feudal corporate world - a corporate world that is at war with primitivism, even nationalism (Russia&China) and religious totalitarianism (Islam) .... nothing is going to change until all people are linked in some way ... it would be nice if it was by demcracy and belief in human rights, but I think it will be by business first.  So ... we have what we have.
15. Mr. Wolff was one of the first to bring Mr. Varoufakis to people's attention - he brought him to the Brecht Forum in the early days of the Economic Update. A video exists on the Forum's site - if it isn't on YouTube, it certainly ought to be.
16. Odd how they go on just like democracy isn't so over...
17. The Dali Marxist, well count me in too then!
18. Democracy at work WTF?
19. the oil is just trying to squeeze Russia, sanctions come before war
20. where is the yale debate?