Global Capitalism: The Varieties of Socialism [APRIL 2016]

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1. Interesting to see some comments here that just lambast what he is saying. If you have seen his other videos, he, actually, suggests a way to evolve from our highly corrupted capitalism into a more cooperative kind of thing. If you've listened to his other lectures, he mentioned that the socialism that happened in Russia was not socialism at all. It was coined socialism for whatever reason: probably propaganda. He stated that was "state capitalism." In other words, the owners just changed but the way it was ran was as corrupt as the capitalism we are already having. I find his lectures refreshing because of the whole bail out thing. Why did we save those banks who fucked their own investments? Even worse, it's the taxes the paid for it instead of those taxes going to improve schools, etc, etc.
2. 1% SAY SUCK IT UP YOU LOW LIFE POOR WORKERS! LOL
3. The Australian Prime Minister Malcolm Turnbull turned up in the Panama Papers, too. Since he's an ex-Goldman Sachs banker it would have been surprising if he hadn't.
4. At 1:06:10 is where he talks about Socialism
5. everyone loves Dr wolff
6. The European Union was the brainchild of the CIA and the CFR. America wanted to control Europe but saw it an impossible task to suborn the many diverse countries of Europe one by one. So they created the forerunners of the EU. Then it eventually expanded into the "Common Market". Later the Masstrich Treaty was introduced and the Europeon Union run entirely by the "European Commission". It was run by un-elected but SELECTED Commissioners. They passed their ideas down to a Council of Ministers to flesh out and then elected MEPs voted these items through. Some items were mere 'instructions' and did not get voted upon but just implemented as LAW and Regulations that member states HAD to OBEY. Fortunately just one day ago (23rd June 2016) the UK voted by referendum to LEAVE the EU after 40 years being a member. We have claimed our sovereignity back and our NATION back. I personally hope that the United States can do the same. Good luck.
   
   As a matter of interest Prime Minister Cameron is resigning before the Conservative's Conference in October. They will be looking for a new leader. Soon the fur will begin to fly. Corbyne is under pressure and may be replaced as Labour leader too. He was supporting "STAY" but didn't do a lot and the Parliamentary Labour Party (not the Ordinary Membership) want him out. He was elected by the rank & file members to the chagrin of the Parliamentary Labour Party.
7. If you think Obama and Clinton have not gotten any and notices from the banksters that they have to bring Bernie Sanders "into the fold" "SHUT HIM UP" Dilute his message. You are fooling yourself.
8. You cannot redistribute wealth without destroying the incentive for creating wealth. Therefore the results of Socialism are predictable. Everyone is the same and broke... Hang out in Cuba if you need a refresher.
9. For all you Socialists... Stop blaming the "boogey man capitalist" for your failure in life. Become a strong individualist, self improve and be a success. Sucking on the Government Tit and eating their free cheese will never improve your life. Stop being weak crying out for someone to take care of you. Grow up and be adults.
10. Seriously, only 6134 people subscribe to this channel? Yet I was on a PlayStation 3 channel and it had 6 million subscribers. Pitiful. Idiot Americans! Idiot humans! I can hardly take it. Winning at PlayStation 3 is actually that more important than decent human existence?
11. Well Dr. Wolff, you've made it, congratulations. The right-wing comment trolls are here in full force. It's a badge of honor, for any leftist, when their videos or articles begin to be overtaken by the paid far-right trolls. It's a sign that you're becoming influential enough to be seen as a threat. They cannot sleep at night if they know that someone is successfully revealing the truth to people - they cannot help but try to shut it down.
12. Great stuff! What I'd give to get my relatives and friends to sit through every minute of it as I did. Hard to resist this persuasive interwoven narrative.
13. 80% of all millionaires are first-generation. There's no such thing as an owner class when there's financial mobility which is what we have here in the United States
14. Bible teaches... Thou shalt not steal.......Thou shall not covet... God was a capitalist not a socialist.
15. we need more employees own or run business were everyone from the CEO to the freakin janitor have a say and percent of stock share on the company.
16. Definition of a Socialist- "I want free stuff from other people".
17. Dear Dr. Richard Wolff:
    
    Amazingly, at the end of your https://www.youtube.com/watch?v=4WuynCnBrlY
    lecture, which is replete with fallacious ideas of Marxism -- ideas I
    diligently studied at a Ukrainian Engineering School in the 1950s, you come to
    a conclusion that has a lot to do with my project of implementing Capitalism at
    the workplace.
    
    The title of your lecture is Global Capitalism. This “promote
    and switch” title enticed me to suffer through your lecture; but at the end of
    it I was rewarded.
    
    Capitalism, dear Richard, is just. Under Capitalism, every
    successful investor of money and/or labor is rewarded by a market profit.
    Unsuccessful investors of money and/or labor suffer losses. That way Capitalism
    excludes human exploitation, contrary to what you proclaimed in your lecture.
    
    In contrast with the justice of Capitalism, the Mode of
    Labor Utilization (MLU), which accompanies Capitalism from its foundation until
    this day, namely Employment MLU, is exploitive. An employer does not view his
    employee as an investor of labor into his enterprise; he views his employee as
    an aid, similar to a horse or an automobile. Once an employee is not an
    investor of labor, but rather an aid, he is not entitled to the profit his
    labor generates. This profit ends up in his employer’s pocket. An employee is excluded from the Capitalist system.
    
    That means, the Employment MLU is not compatible with
    Capitalism.
    
    Socialism, as it has been proven by every socialist country,
    is not an improvement over Capitalism. Capitalism is productive; it produces
    wealth. Socialism is a distribution method; it distributes the wealth produced
    by Capitalism. When the wealth ends, capitalism dies. In a Capitalist
    enterprise there is one person (or group) who cares about its success – its owner.
    In a socialist enterprise, the owner (government) is far away and is not
    personal; hence no one cares about its success. Employees of either a
    Capitalist or Socialist enterprise never care about its success. They only want
    their employer to survive in the market in order to preserve their jobs and
    under Socialism there is no market either. Hence, productivity of a Socialist
    enterprise is abysmal.
    
    Does a Capitalist employer benefit from pocketing the profit
    on labor of his employees?
    
    The opposite is true. Employees do not come to their
    workplace to enrich their employer as much as possible as fast as possible.
    They come to better themselves and their loved ones. As the profit their labor
    generates disappears in their employer’s pocket, they make sure this profit
    does keep their employer in the market. That way they are minimally exploited
    and their jobs are safe.
    
    The solution to this lack of engagement of a workforce in
    the business of their employer is not Socialism, not Cooperative, not Profit
    Sharing. The solution is phasing out the Employment MLU and replacing it
    voluntarily by the Entrepreneurial MLU, where the employer (of means of
    production – not people) acknowledges the labor of his workforce to be an
    investment in his enterprise and forfeits the profit on their labor in their
    favor. (Losses, if they happen, as well.) That will replace the negative peer
    pressure at the workplace against outstanding producers with a positive
    pressure and peer respect for outstanding producers. There will be full
    engagement of the entire workforce in the business. Productivity will multiply
    and so will profits of the employer on his means of production. You will have
    Capitalism at the workplace, no human exploitation, massive innovation, high quantity and quality
    of production and fair distribution: the workers will pocket the profit on
    their investment of labor and the owner will pocket the profit on his means of
    production. The rate of profit for both is the same rate.
    
    Finally a Mode of Labor Utilization (MLU) compatible with
    Capitalism. Top productivity and just distribution of profits.
    
    Visit www.ProfitOnJob.com  for details of implementation.
    
    Motty Perel; mottyperel@gmail.com
18. This is an awesome video :D Im definatly subbing, i will try to visit your channel regularly from now on :D if you can do visit my channel! That would be awesome!! :D Until next time and keep up the great videos! Peace
19. gg
20. 1:19
    True but needs a correction...as usual...he left out some information. He should also have said: "The fruit of modern capitalism is what allows you to be here today and to be able to reach on on your tube and google and allow the world to hear and see this presentation, along with billions of others being lifted out of poverty around the planet"