Global Capitalism: The Great Emerging Conflict [JULY 2016]

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1. The Book of Eli the movie would be the solution
2. the problem is it's hard to put capitalism on check because the people at the top than once
3. capitalism exists to keep the flock on their toes
4. Lol at 1:08:24
5. I have a college degree (no, not in English) and could only get a retail job making $10 an hour. Half my income went to rent. The rest of the meager amount had to be divided with utilities, food, pointless insurance payments.... I tried to save money but something would come up, like my car needed repairs or I had to have a filling in my tooth. I worked full-time, I was not "lazy". Capitalism does not exist for the benefit of the working class, it is only for the rich elites. Otherwise the richest 1% would not own more than the rest of the 99% of the planet combined.
6. Someone please explain this...Wolff's logic isn't quite right. Wolff is saying, capitalists automate, workers are laid off, insufficient consumers' consumption results, capitalists can't sell profitably, capitalists lays off more workers, and a business cycle bust then occurs.
   
   Wolff additionally says, if an industrial nation worker is laid off by a lower-wage international worker, there isn't sufficient consumer demand.
   
   Here are example numbers. Industrial nation worker wage is $10 per hour. International worker wage is $2. Finished product, let's say it's a computer, sells for $100. According to Wolff, when the international worker replaces the industrial nation worker, the industrial nation worker is unemployed, and because the international worker works for $2, the international worker can't afford the $100 computer.
   
   But, more realistic situation is as follows. Industrial nation worker loses his job and finds another for $9 per hour. Cumulatively, the industrial and international workers' wages is $11 per hour. The computer now sells for $50 because of the $2 wage labor costs. Industrial and international workers can now both buy that computer for $50 instead of $100, and additionally, cumulatively they have more income to buy that computer as well.
   
   Yes, the industrial worker may become unemployed for a while, mostly perhaps because he wants same pay. But overall, because the goods (computer) costs less, both the industrial and international workers real wages gain. Not only do overall consumer demand increase, and additionally, goods cost less.
7. Bernie endorsed Obama in 2008 and 2012, so let's not act like this is something new. He is part of the Democratic caucus in the senate. So endorsing Hillary isn't that much of a stretch for him if he endorsed Obama before. I also believe his endorsement of Hillary is more of an anti-Trump endorsement. His supporters wanted him to run independent or whatever, he didn't want to becomes another Ralph Nader. He wouldn't want to be blamed for getting Trump elected by being the spoiler.
8. "in the 1930's the state legislature where socialists got the largest number of seats was Oklahoma"
   
   those audible sighs in the room hit me way too hard. it's truly devastating when you realize that southern blue collar workers should be the most revolutionary class based on their circumstances, but ultimately ended up being the most reactionary thanks to the bourgeoisie tool of racism and cold war propaganda.
9. Wolff, why do you hate capitalism, you've never tried it. What are you going to do, spend your whole life hiding out within the walls of the university playing with the children. Sucking a public TIT which is bankrolled by capitalistic taxpayers. It's capitalist like me that finance your life of ease and pleasure. Why don't you tell your followers how much money you earn, or your students that the rate of inflation on college tuition is 600% higher than most common items over the same period. Tell your students that by far the most degenerate avaricious capitalistic enterprise in America are the university's, and that you earn 180K a year, and it's greedy capitalist like you that cause them to have to pay 40k year in tuition , and spend the rest of their lives paying OFF your line of NONSENSE. Aren't you a class act, bites the hand that feeds him. If your such a magnanimous saint you should go teach at a university in a communist country where the salary is 4500 dollars a year. I'll tell you why , because your a capitalist, YOUR A CAPITALIST. Why don't you grow up. You sound like a loser . Only children with no economic experience some of whom are on drugs would buy this line of crap. Spend a few years in the real world instead of hanging with like minded idiots who will tell you how smart you are. You are a joke.
10. Scam bags, after they stole Russia from the Russian people these lovers of equality then murdered 11 million people from Moscow to Siberia. Mostly Christians. Communism is a traveling circus run by dopey carnival barkers like this one. Don't be a sucker they all work for the same group.
11. STUPID COMMIE, COMMIES LIKE THIS COST THE LIVES OF 100 MILLION PEOPLE IN THE LAST HUNDRED YEARS "CHASING UTOPIA". ANOTHER SATANIC IDIOT LOOKING TO CORAL LOW IQ HALFWITS INTO STEALING KINGDOMS THEY ARE TO LAZY TO CREATE ON THEIR OWN. THIS IS WHY COMMUNISM HAS NEVER CREATED A SOCIETY FROM THE GROUND UP. COMMIES LIKE THIS SHOULD TAKE THEIR DIRTY MONEY AND BUY UP SOME PROPERTY SOME WHERE IN THE WORLD, AND BUILD THEIR COMMUNIST UTOPIA FROM THE GROUND UP. THAT HAS NEVER HAPPENED BECAUSE COMMUNISM IS NOTHING BUT A THEFT RACKET RUN BY ORGANIZED CRIME. IT'S A CON GAME WHERE ANIMALS CONSPIRE TO HIJACK CIVILIZATIONS USUALLY CHRISTIAN CIVILIZATIONS THAT THEY ARE INCAPABLE OF CREATING THEMSELVES BECAUSE THEY ARE SO CORRUPT THEY WOULD KILL EACH OTHER IN THE PROCESS. JUST LIKE WHAT HAPPENED WITH STALIN WHO HAD TO BE POISONED AND KHRUSHCHEV WHO THEY CONSPIRED TO POISON. THEY ALL WANTED TO BE THE MAN IN CHARGE. THIS LOSER IS RUNNING HIS INCREMENTAL STRATEGY TOWARD COMMUNISM. SELLING HIS THEFT RACKET ONE PIECE AT A TIME TO ENVELOP HIS TRUE AGENDA, AND HOPING THE DOPES IN THE ROOM DON'T FIGURE IT OUT.. BEFORE THIS IMBECILE THERE HAVE BEEN A THOUSAND MORE JUST LIKE HIM. LOSS OF RIGHTS, FAMINE, AND DEATH ALL CHASING UTOPIA. THIS MAN IS NO INTELLECTUAL HE IS SOMEBODY WHO THINKS SOCIETY IS MADE UP OF MORONS THAT HE CAN CON INTO DOING WHAT HE WANTS, SIMPLE. HE IS THE SOFT SPOKEN DICTATOR. IN AMERICA WE HAVE WELFARE RECIPIENTS WHO RECEIVE OVER 25,000 DOLLARS A YEAR WHO HAVE CONTRIBUTED NOTHING TO SOCIETY. IN THE FORMER USSR THE AVERAGE SALARY FOR A FACTORY WORKER WAS AROUND 1500 DOLLARS. RIGHT NOW IN COMMUNIST CHINA YOU CAN GET WORKERS FOR 80 DOLLARS A WEEK ALL DAY LONG. IN AMERICA WE HAVE WELFARE RECIPIENTS WHO MAKE OVER 6 TIMES THAT AMOUNT DOING NOTHING BUT WATCHING TELEVISION. THIS MAN THINKS THE PEOPLE SITTING IN THE ROOM ARE TOTAL IDIOTS. RODGER BALDWIN FOUNDER OF THE ACLU WAS A COMMUNIST. IN CAPITALIST AMERICA EVEN THE POOR OWN AUTOMOBILES, IN COMMUNIST COUNTRIES THEY RIDE BICYCLES . FOR A GLIMPSE AT WHAT HIS FUTURE WORLD WOULD LOOK LIKE, TAKE A LOOK AT NORTH AND SOUTH KOREA CASE CLOSED. DON'T EVER TURN OVER YOUR GUNS, YOUR RIGHTS, OR YOUR MONEY TO SCREWBALLS LIKE THIS.
12. 45:50
13. Rick... Rick... RICK!
14. they failed us...
15. this is impresive
16. 1:06:00 Capitalists really did one thing....They began to treat the Consumer and the Employee as 2 distinct people when they are one and the same.
    
    I wonder if in economics classes a new definition for Employee + Consumer should be made and erase the words Consumer and Employee from the lexicon.
17. "I take care of my employees!" Jamie Dimon
    "You supposed to you dumb MF!" Chris Rock
18. Hillary Clinton is a homicidal psychopath. If you believe that some people are special and it is OK for them to murder people by labeling them with bad names then you are in the same camp as those that believed that they were or are members of the superior race, gods chosen, etc. Integrity is the measure of the cost an individual is willing to pay to stand behind their principles. Sanders has no integrity.
19. In other words Richard Wolf is saying is that Ronald Reagan is a FRAUD!
20. 45:21