Global Capitalism: June 2015 MonthlyUpdate
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Global Capitalism: Monthly Economic Update Richard D. Wolff Wednesday, June 10, 2015 at 7:30pm “Capitalism’s Crisis Changes Politics: Seattle to Barcelona to Athens" Judson Memorial Church Assembly Hall 239 Thompson Street 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. For this June 10, these will include: 1. Completing last month's discussion of socialism: Marxism's role past and present 2. Socialism in Seattle today: lessons of Sawant's re-election campaign 3. Winning against austerity in Europe: Greece, now Spain, more coming 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. Entrance fee: $ 10 per person. Note: If you access the videos of these monthly updates posted on You Tube and our websites (democracyatwork.info and rdwolff.com), we ask you to join our attendees who contribute at least $10 per person at each monthly update to help defray costs of producing, video-taping, and distributing these videos. You can do likewise simply via our websites’ “donate” buttons. Contributions to Democracy at Work are tax deductible (we will gladly provide receipts). For those able to contribute more than $10, our special thanks. ....... 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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This poor sick bastard still refers to the welfare/warfare fascist state we now live under as free enterprise capitalism. However there are ample amounts of poor sick bastards who believe this leftist pig shit eater.
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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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It's interesting how few young people are there. I'm curious as to what proportion of his internet audience is under the age of 30
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the rich should be afraid
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When the Nationalist Reform Enabling Acts are finally passed... Richard Wolff will have a reserved place in the re-education camps.
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They'll start a war and kill off the young men--scare the shit out of every body to stop the socialist movement. WWI,WWII, Viet Nam.
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See the man with the Armani suit? See his trophy wife with the mink coat? Get the guillotines ready.
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Richard D. Wolff has never ran a business. He's like an Olympic swimmer that never got in a pool.
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Are u afraid?
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To say that the french government is socialist is a lie, Richard. And you know France and french politics very well, so you shouldn't say that. It is true the Parti Socialiste /has been/ socialist, but circa 1930, up to the 80s (i'd say 1981 when they deregulated the french banks). It's been a long time since it has veered to the center, and right now it is even center-right. Maybe from the US we see it as socialist because they haven't yet abolished all of the french social security (although they're working on it every day...) but they are not even the shadow of their former ideas. What is true however is that the french people elected what they thought was a socialist government. But still, Hollande's PS is a joke.
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I wish everyone knew this. It's the same arguments I make, all the time.
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Quote Chris Christie: National teachers union 'deserves' to be punched in the face... http://www.commondreams.org/news/2015/08/03/call-christies-resignation-after-saying-teachers-union-deserves-punch-face
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56:00 and 1:05
The post office is a poster child of an organization that is failing and raided by the government itself.
Mr Wolfe should go back and retake a history lesson on the formation of the Post office...and ehem...wells Fargo and the Pony Express which were private postal systems well before the government USPS was ever born
1:05 He is totally wrong.
Amtrak as State Capitalism is the poster child for one of the greatest failures. It is not profitable and has always needed more money from the government. This money losing machine was created by the federal government after in an act of short term brilliant stupidity sold off all the rail easement rights to the private freight companies and now is at a disadvantage. It took one of the greatest assets in the country and squandered it. First, however, the government itself put the private passenger rail lines out of business by seizing it during WWII, wearing out the equipment and the tracks, and THEN putting in the Federal highway system to finish it off, and then took over the ailing carcasses. Did you miss that part of history, Mr Wolff?
Not even the JAR which is largest modern rail line in the world was operating at a profit. They were desperately trying to get it back into private hands.
As far as the postal Service, Fedex and UPS are kicking it's butt, but you conveniently do niot mention that. -
I wonder what this guy's income is?
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The thing about the warning about scandal and money being reported to superiors in the banking system was same thing occurred with state and city officials before the housing bubble popped, City and state officials from various cities and states (Detroit!!! Included) contacted the federal government warning about foreclosures ad bad loans as it would leave derelict and abandoned properties, They were going to take action and intervene in the loan approval business to prevent a disaster, They complained to Fannie Mae and Freddie Mac. Do you know what the Feds told them? They said: You have no authority in such matters, we control that. We see nothing wrong. Stay out if our affairs and mind your own business.
Who is at fault for this? The trouble is, the government employees nor the government can be held accountable and liable. Anyone see a problem????? here? -
If u dont give this guy 10$, at least give hime the like button.
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This dude needs to debate his critics. Coops have never worked on a large countrywide scale. He never explains how coops will work, how such a society will be structured. He just criticicizes capitalism as it is. That's easy. But he gives few specifics about his remedy
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What does Karl Marx and the Free Masons have to do with one another? Surely it is like Oil and Water, these two never ever mix, or do they Prof Wolff? and you Richard, are you a Free Mason? Well one fact that you RD. Wolff cannot deny, both you and Marx are from the purest of the purest Jewish blood. What does Karl Marx and the Free Masons have to do with one another? So I guess SATAN is changing his game again, as you Richard Wolf are evil, pure evil,as not once, not twice but dozens of times you openly disgraced the Lord's Name in vain on Pubic Television on very showed you have appeared on. Well as the Arch Angel Miguel told Satan, the Lord will deal with you Personally! It seems Christopher Hitchens has finally found his replacement, a Mason Jew!
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The establishment of inequality requires power. And the more inequality, the greater the power required to maintain it. State sanctioned power is of the uniformed "boot on the neck" variety, which requires little explanation. It is blatant, and yet it's tap root runs through the entire judicial system which nourishes and maintains the status quo. Those who assume responsibility for it, subscribe at some level to the primary perception of "exceptional-ism" and allow themselves to be subject to it. At the risk of mincing words, this perception is deteriorating, and the mistaken notion by elitist's that a lack of resistance by the rabble is in keeping with an inability to do so, is a failed assumption. It is the same failed assumption about power, and about the forceful taking of that power. The masses do not aspire to that power. They do not crave inequality as you do, but generally watch it in disbelief.
How often within a riot have you heard the establishment say, "...look, their burning down their own buildings." Yes, it's burning down because they have no sense of ownership,... because at every turn they have been denied that, Even though they've earned it over and over...until denial of materialism has become a way of life. We defy it, and are disgusted by it. We don't want control of this system...it is a relic. At least to us it is.
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