Global Capitalism: July 2015 Monthly Update
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Global Capitalism: Monthly Economic Update Richard D. Wolff Wednesday, July 22nd, 2015 at 7:30pm “Winners and Losers in Today's Shifting Capitalism” _____ Where: Judson Memorial Church Assembly Hall 239 Thompson Street at Washington Square, Manhattan _____ 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 July 22nd, these will include: 1. Greece and the choking of Europe's welfare state 2. Capitalism's shift from "old centers" (north America, western Europe, and Japan) to "new centers" (China, India, Brazil, etc.) brings harsh politics 3. Financing workers coops as a better way forward _____ ....... Professor Wolff's Website: www.rdwolff.com Professor Wolff's Podcast: http://www.truth-out.org/economic-update-your-weekly-dose-revolutionary-economics/1310498361 Permission to reprint Professor Wolff's writing and videos is granted on an individual basis. Please contact profwolff@rdwolff.com to request permission. We reserve the right to refuse or rescind permission at any time.
Comments
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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!.,..,, -
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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I was in jail for the past 4 months, since July, because i took part in a demonstration against the police murders in the Netherlands. Now that I'm back I'm going to catch up to all the videos of Rick, cause they've always been worth it! Thanks for the work Dr. Wolff!
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Thank you for the speech! Very interesting, very stimulating and totally worth the time and the donation that was made.
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this shit is garbage
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The best tax system would be tax in cash 10% every year, everybody who got cash in bank..while poor people should not pay any tax- and they should get 1000 dollars a month, money to spend.. This is called economy from bottom to the top..people will spend the money and money will end up in the banks anyway..its better then just give the money to the banks , who then give it to rich, while is the poor who need them first!
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Its very simple - IF ALL WORKERS UNITE WE WILL BE 99% of all people, and we take all votes and win the next election..BUt..because most workers are brainwashed by reality show and sports, and funny Christmas movies for Christmas, then we don't do nothing..And the few rich people the 1%, will get our votes- and do same terrible things to us for years and years... who doesnt know the history , doesnt deserve freedom!
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OH! I thought it was the blacks, Mexicans, and Muslims fault!
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I hope that Wolff gets an invite from UK's new Labour Party's Corbyn to come visit and give some advice. The working class here have spoken. The outsider (CORBYN) took 60% of the vote in the first ballot. The Establishment and the 'career politicians' in the Labour Party are kicking against the demands of the People to return to DEMOCRACY. CORBYN has been a 'back-bencher for 30 years. He will need good advice and support.
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I hope Prof. Wolff does explain how Greece can get out of this situation in the best way possible in his next speech. I wonder if it would mean nationalizing banks and creating their own currency...
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Excellent speech! I think one different approach I would use to prevent companies from leaving, instead of ceasing company property, I would raise tariffs on imports. Raise the tariffs high enough so that it becomes less profitable to manufacture outside of the U.S. According to my thought (I am not an expert and my theories could be totally flawed), that would stop more manufacturing jobs from leaving the U.S. and create an incentive to bring manufacturers back to the U.S. And if they don't return, new companies (hopefully Co-Ops) would be developed here to take over the lost market share of the foreign manufacturer.
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Richard Wolff makes perfect sense. I hope he and Bernie Sanders are talking.
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Very well said my friend.
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Bernie Sanders has a tough charge. I stand beside him.
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Political Revolution calls upon all of you to act right now, not tomorrow, NOW!
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PLEASE join Bernies Campaign and later also its office !
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Magnificent !! People all over the world should watch this ! We need a Berni too !! Greetings from Belgium ;-)
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When Bernie Sanders is elected president, he should appoint Wolff his chief economic advisor.
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The whole talk is great, but at about 1:30:00, for me, it really gets airborne.
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