Richard Wolff: “Democracy at Work: A Cure for Capitalism” | Talks at Google December 6, 2019 Tags:Obama, Politics, Putin, trump Related Posts SUBMISSION Trailer (New Movie Trailer 2018) Stanley Tucci Addison Timlin Romantic Drama Movie HD 10 Unique, Cool and elegant Websites Till 2019 you may don't know! How To Install Facebook Pixel On Website- Beginner Friendly About The Author Glenn Jones 100 Comments Pathfinder767 Correct me if I’m wrong. The professor’s points are: 1. If you aren’t extremely dissatisfied, you should be. Because there are billionaires. 2. If every enterprise or business was a workers co-op we would have the elusive Marxist utopia. Have I got it right? November 17, 2019 Reply D G By all means lets bring back the 70's economy. Uncontrolled inflation, interest rates in the high teens, incredibly high tax rates. November 17, 2019 Reply gfarrell80 We started using tools over 2 million years ago. We began village-based agriculture at least 10,000 years ago. We've had large-scale regional and international trade since 2,000 years ago. The industrial and agricultural revolutions began a mere 200, 250 years ago. I like to think Humanity can keep living on for at least as long as it has already been around (preferably longer), but only an insane person would think that our current system of modern capitalism and resource consumption could continue for another 10,000 years. Change can either occur in a controlled fashion via democracy and rational distribution of labor and resources; or this civilization we have built over the last 150 years can be a flash in the pan. November 17, 2019 Reply Mehparpatti Heparwar What a sophomoric speech, Prof. Wolff !!! November 17, 2019 Reply Mysteriosovich 1930s was almost 100 years ago soon (by soon I mean in the next 10-20 years). Capitalism recovered after the 1930s and will recover again after the GFC. If anything, the example of 1930s shows how successful capitalism is in its ability to recover and be stronger then ever afterwards, not the opposite. Nations which build their economies on capitalism thrive (even if they inevitably hit speed bumps now and then), nations which build their economies on Marxism/socialism mostly fail. November 17, 2019 Reply DrCruel Richard Wolff complains that Karl Marx does not get enough exposure in college economic classes. I have a different experience, but let that go for now. Would Richard Wolff similarly argue that the works of Ayn Rand ought to get more exposure in college economic classes? If Marxist theory, which is the astrology of economics, ought to get more exposure, why not Objectivism as well? November 17, 2019 Reply Bob Mama 'Intro to Marxian Economics' – Session 2: http://www.youtube.com/playlist?list=PLFA6F20D0D7B043C4 November 18, 2019 Reply Bob Mama Online Lecture Series: http://www.youtube.com/playlist?list=PLPJpiw1WYdTNMCC0ypXHZ-kW7yCz4T0Zg November 18, 2019 Reply hoomalumalu lots of talk about workers and how important they are, no talk about the creators; . lots of talk about how profits are evil if the people who created them want to keep them, but if they are workers they should automatically be entitled to some of them. (?) Should workers and whatever you call the others that actually create the "corporations' have the same rights? evidently not according to this guy.. November 18, 2019 Reply Chris Greene No wonder the grifter and charlatan Jordan Peterson refuses to debate Richard Wolff on a debate about Marxism. November 18, 2019 Reply Gary Finneyfrock All capitalist systems are a mix of socialism and capitalism. problem with China is the power is in Beijing when all the money is being made in Shanghai and Hong Kong, Beijing's cash cow from capitalist zones November 18, 2019 Reply Ken W. Simpson Wolff is a CIA asset. He is very careful not criticise the shits in power. That would never do. He's a sort Chomsky/Hitchens/ Hedges amalgam . November 18, 2019 Reply Luke Sinclair Richard Wolff is one of the last Marxian economists left, like the last guy who believed the earth was flat. An entire century of evidence has made his theories very hard to defend, especially given the fact that they are less economic theories and more moral platitudes. November 18, 2019 Reply Abo Harutuni Bravo Mr Wolff … It takes lots of heart and soul to be as great and as brave as you are not to go down the dirty old road of addictions and biz as usual… November 18, 2019 Reply ratoneJR funny how much the sociaists love google, one of the largest's corps in the world. typical low iq citizens November 18, 2019 Reply Gerard Vaughan What about the Wankers ?. No mention of them in his "Economic System" ! November 19, 2019 Reply sharon marshall It is 'Memory in the Flesh", the corruption no matter who. The central committees like Cuba seems lacking too. What will be best system where justice, community as you say happens. Than you for exposing ills in society. The Anomie that is happening here today, the social structure is questionable. Tells us how to better this sad state the world is in . Is it Godlessness Deuteronomy 28. November 19, 2019 Reply sharon marshall Thank you for educating us. November 19, 2019 Reply sharon marshall Where is the "Church" when people are hurt the Good Samaritan will help the Levite(Church) walks the other side. The Church is not saying why anomie, so many destroyed by society in a cunning way. Jesus is not the role model of the some churches it is Cash is . Some churches are market places , not all of them , yes give but not when it does not care, not educate us to be caring for others as you are enlightening us to be. Thank you again. November 19, 2019 Reply Strange Brew But the consumer makes all the corporate decisions. November 19, 2019 Reply Theron Ninth What about private central banking? ("Federal" "Reserve" system/act of 1913) that runs the (or bankrolls the) European economy? November 19, 2019 Reply Adolf Honkler There is a 'Third' Position which exists OUTSIDE of the false Capitalist/Communist Dichotomy. This 'Third' Position was responsible for FIFTY-FIVE PERCENT Growth between 1933 and 1937. Funnily enough the same tribe at the levers of power behind BOTH Communism AND Capitalism didn't want you to know about it… I wonder why??? November 19, 2019 Reply Book of Katherine What about our Bill of Rights? 99% of socialist countries have capitalism. China is the largest socialist country on the globe, and they have the top 25 companies there. Only North Korea doesn't have capitalism. Even Hitler turned his concentration camps over to BMW, Ford, Siemens, Krupp, etc. Every socialist is an extreme capitalist. The only difference is our Bill of Rights. November 19, 2019 Reply Hu hu Socialist regulation cost more than labor wake up November 19, 2019 Reply Joe Smith Right genius–the NJ Transit Union or NJ Teacher's Union writ large. What a moron. November 20, 2019 Reply Joe Smith Okay, you're not a wolf in sheep's clothing and we'll give you all the power, money, and perks to re-distribute fairly for us. You have such an honest face. I trust you not to become another Stalin. November 20, 2019 Reply Thank You The cure for Capitalism sure isn't socialism, certainly not in the form described by Mr Wolff. Because the version he describes requires capitalists to function, and also require the real destructive force behind the capitalist and their tools, the Monetary System. With these things still in place, no true socialism could possibly exist. It will always be gobbled up by Capitalists. It always happens historically. And if you watch that debate between Wolff and the Capitalist Einstein, that is exactly what was attempted right on stage. He basically said, yes, you can have your socialism, as long as you do it in a capitalist way. hahahaha, that's the capitalist way. And any form of socialism that might come to pass, will only do so with the approval of capitalists, and it is only to cycle their exchange of wealth and be another reason to then say Socialism doesn't work. Because that is what they do. They are behind everything, and prop anything they want up, and then blame that for shit going bad, when really, it's them manipulating everything. They control markets. There are no free markets. It's all manipulated. Capitalists own that shit and manipulate it like a toy to their whims. They are to blame for all the problems, but they will always look for a scapegoat, and These bullshit socialists will become scapegoats, nothing more. power is power. It manipulates those weaker. November 21, 2019 Reply Joe Smith Multiculturalism a value for the Bankster Cabal that rules us and wants a New World Order involving one nation state and worship of the Golden Calf. Trump is fighting this. November 21, 2019 Reply sundiii99OWS "Rogue State" by Wm Blum explains how America killed millions of people worldwide, in many nations, to force them to be capitalist, this unstable and undemocratic system. That fulfills the words that the way of truth shall be evil spoken of. They were nations who tried to have socialism, aka communism, where all people own everything, no shareholders, no employees, just all people are owners and say how business shall be done, and the money shall be equally distributed to all people worldwide. Then there would be no poverty. And all people can share the work and work part time 20 or 10 hours a week…or month. To save the earth and end climate change all nations need to build Tower cities connected to maglev Trains, and eliminate all cars and most of the work…eventually. November 21, 2019 Reply Orlaith McManus Did this guy just say that China has equality lol November 21, 2019 Reply Simon M This guy is a overrated turd who sells populism and always argues on a moral level to morons who cant tell the difference, it's hillarious that Marxism WONT DIE, the literally worst thing to happen to humans since the 1900s. Classic Socialism is flat out retarded, it's a fantasy land made by a child with an adult filling in the details and you sheeps buy into it. Shit like this only helps creating another generation of Marxism. November 21, 2019 Reply nyood mono china numba wan! November 21, 2019 Reply Guitarmaster7272 This dude's stupid. If you don't like how the board of directors are handling a business that you do business with, you could either not do business there or work somewhere else.. November 21, 2019 Reply BreadCasket Wrong. November 21, 2019 Reply Brian Clarke He makes a lot of very good points, but there are a few big flaws in his arguments. Ultimately it’s an evolutionary world, why have worker co-ops not beaten capitalism? November 22, 2019 Reply Luvsanchultem Vanjildorj Totally confused – not sure what he is exactly suggesting.. What does he mean by realising the "underlying realities" and adjusting them? Promoting workers coops, where the employees have 1 vote each (coz its the democracy at work)? Millions of these cases that are out there (yes, in the capitalist economic environment). Nothing to do with Marxism. Arguing that "capitalism in china succeeding"? Is not China categorised as if an altered form of "capitalism" under non-democratic political system? You have gotta be kidding me.. No surprise that you have never been to China (questionable if you have ever been to any other post-Communist nations).. 🙂 November 22, 2019 Reply Андрей А If we talk about services field, you as employee always can work for yourself without employer, becouse you own your own labour, and you can sell it direct without employer. Other way you have to pay for services employer provide you. Other ways why do you need employer? Becouse he has conections, contracts and office and all this is not free. You can rent your own office and be self employed, what's a problem? November 22, 2019 Reply Greg Mac I have the news for you enthusiasts, all these ideas are not new. They were tried and produced millions of corpses. Only people who are totally ignorant of history can believe this utter nonsense. Socialists are thieves, their system lasts only until they run out of people to steal from. Show me one instance where socialist system works. But please don't betray your ignorance citing Scandinavians. They have have free market capitalists system with heightened level of redistribution. Really people, hit the books, get some education. Don't listen to psychopaths with tenure. November 22, 2019 Reply aka miss K Friendly reminder: History tells us, Socialism ALWAYS ends in starvation and death 🙂 November 23, 2019 Reply Matthew Swaringen Came here from https://www.youtube.com/watch?v=YJQSuUZdcV4 where Richard fails to stand by what he's written, says he wants bottom up workers coops but then stands up for using government force to create these "bottom up" institutions. The guys entire philosophy is a mess of contradictions and his understanding of history (capitalism was expected to produce equality, fraternity, etc.) is not even correct according to the advocates of less intervention in the market. November 23, 2019 Reply Scott Hullinger Who says capitalism needs a "cure"? What the hell is the disease?Maybe the same people who claim that Socialism & Communism are somehow a cure are now telling us that Capitalism need a cure? Yes – those people! You know, all the countless imbeciles among us. November 23, 2019 Reply M S I would live in West Germany over East Germany any day of the week! So many people just don’t know their history and don’t understand economics. November 23, 2019 Reply Britton Kocher Rothbard would wipe the floor with this commie. A convincing speaker, but the arguments are dog SHITE November 23, 2019 Reply British Comedy Bronco Rothschild Triple Agent Your awesome brother! Publicly,,, I am asking you. Can I help you? I make videos of government agents and contractors doing bad things to American citizens. I am also concerned that you are targeted. I do not seek money rather the opportunity to serve my fellow man. If I can provide a public service, it’s all good. God Bless You. tonymichaelleee.comI love you my brother and I am honest. Let’s make association so to speak. I think that the leader of communism is not painted in a proper light. I can paint him and the light. Art is also part of culture and politics. Now Art is suppressed. November 23, 2019 Reply Abuse of mainstream media can harm your mind! 6:13 So, Keynesian economics worked but we can not go back to it? WHY for god's sake? November 23, 2019 Reply Domingo De Anda Mr Wolff is world renowned and loved all over the world. November 24, 2019 Reply TJ Stupid, stupid man !!!! November 24, 2019 Reply Viking Just don't bash a system prove you have a better system…it cannot be that difficult! Output per man hour would be a start. Bla, bla, bla. We all want more prosperity. November 24, 2019 Reply nick poolsaad corruption spreads around in dramocracy world: Most in ASIA !Corruption, taking a bribe from Rolls Royce, the engine manufacturer for Thai Airways. Which has specified the commission payment to the middlemen, politicians and Thai Airways in total 3 times. From the examination data, believe that it is not difficult for anyone involved. Every time there is a corruption in a large Thai project such as the construction of Nong Ngu Hao Airport, the purchase of CTX When digging behind the scenes, there are politicians overseeing the relevant ministries behind the scenes and almost all of the dictators. But in the end, finding a dishonest person to bring punishment can be done by just fish. Can not reach the mastermind at all once In the case of the Thai Rolls-Royce engine, Thai Airways would not have been able to reach the commander and the bribe either. The people in the Thai Airways Union know very well. When examining the plan for the purchase of Thai Airways aircraft, it was found that Thaksin Shinawatra was Prime Minister with Mr. Suriya Rungruangkit. Secretary-General of the Thai Rak Thai Party Is the Minister of Transport, Mr. Thanong Pittaya is the chairman of the Thai Airways board and Mr. Kanok Aphiradee is DD. There are 39 aircraft purchased from 2002-2004, worth more than 200 billion baht. Step by step correctly While the aircraft-engine broker Thai Airways executives know very well that "The government reins Or politicians ", who is it? "Che the diaphragm" This heavy burden therefore falls on the Thai Airways board. Who approves the purchase of the Rolls-Royce machine But the person behind the command "Che the diaphragm", picky, full, not young, but the person who must share the responsibility this time would not escape the Thai Airways board And propose to consider the charter including the whole cabinet as well or not to approve this purchase as well Most recently, Mr. Kanok Aphiradi, former President of Thai Airways Sent a message via LINE to a group of friends who participated in the Training Program for Senior Justice Executives (Bcs), stating, "Friends, I have participated in creating Thai Airways with many Thai Airways employees. Thousands of people from companies with overwhelming debt … to come back to be number one in the world majestically .. with a firm commitment to good governance (Which have higher standards than the law) throughout the period of being an employee of Thai Airways .. Today, the Rolls-Royce under-pay system has once again destroyed the honor and dignity of every Thai Airways spirit. I call on .. Under the power and duty of many of you who still have the duty to keep uprightness … If this friend of yours has behaved like a robber in this Rolls-Royce epic. Regardless of how much, no friendship remains. And punish him with the highest punishment … As far as the law can be extended … without any hesitation. " This shows the intention of "Kanok Aphiradi" Dee Thai Airways. Who dared and challenged law enforcement to come straight out to investigate and wanted to be utterly dislike that The true movement also includes politicians and the people behind it who have to come together to take responsibility. But not throwing a sin on the goat … Only a handful of executives at Thai Airways Like corruption in the last big project It is time for everyone to come and help investigate the corruption that has a "politician" as a glimpse and a mastermind behind them anymore. November 25, 2019 Reply Mike Skidmore Here in late 2019 I am thinking the Harley Davidson Share Holders are becoming a bit disappointed in HD. HD has gotten away with selling poorly designed bikes with low quality suspension at very high prices.. The Big 4 Japanese Brands have sold better quality bikes at a lower price and more reliable for many years.. Now Polaris bought the Indian name and is selling better handling more reliable bikes that offer more performance and value for the same price as HD's. Meanwhile their Customers are dying of old age.. November 25, 2019 Reply City Casual This guys a crank LOL November 26, 2019 Reply kenjams bla bla bla … talk about anything except what your tribe really does. November 26, 2019 Reply Space Jockey There's a Wolff amongst the corporate flock. November 26, 2019 Reply joel ferguson Just another communist Jew striving for their system, which has never ever worked. Pure unadulterated raceism. I wish they all went back to whatever shithole they came from. Their own motto is “we make war through deception”. Th synagogues of satan. Rule the ignorant chattel. Our country? And what country is that you prick. November 26, 2019 Reply joel ferguson Maybe you need to go back to Cheena. November 26, 2019 Reply joel ferguson So we are seeing why the mossad blew up Fukushima. November 26, 2019 Reply C Miller Get a real economist on here! Wolff got exposed in his debate with Gene Epstine. November 26, 2019 Reply Diane Fowler People need to start waking up to what the truth really is. Look at all these big companies, have you looked? If not then you need to go and look for yourself! All these companies are all owned and ran by the same freaking people for hundreds of years if not longer! Along with all these asshole bankers too! The whole system has been rigged and we’ve been letting them do it! It’s time America not the corporations or the corporate America as in America USA needs to be re-worked! We don’t need big government we don’t need them making their decisions for us we don’t need any of them! It’s we the people!Funny that this man is sitting up there talking speaks of all his degrees but he said he had to learn everything what he just spoke about on his own well I don’t have any of these degrees and I’ve already known this for a long time! And I’m sure a lot of you other people know this too. But until we the people stand up and start speaking up and speaking out things will never change.One thing I want to point out if they are bringing up about co-ops then I’m not so sure it is a good thing they always bet on both sides so they still win so this needs to be re-thought! Can I buy into anything that they put out to us because it is always rigged but in stating this co-ops are the only way I see that we can go forward at this point. But it has been we’ve worked for the People’s benefit not the owners! Because without the people they wouldn’t have a business! It is us that produce everything that is made not them us!One other thing people need to remember in research is a fact what is happening right now what are we hearing in the news what is going on these people are scrambling for money why is that? This plays into a lot of what is been in happening now so research find out now the fax so we can all move forward November 26, 2019 Reply Justin Taylor Richard, absolutely brilliant. A comment and a question.1. You neglected to mention the environmental devestation unleashed on China as a result of the US political unrest in the 70's. I think this is a major part of the trade story. Are you ignoring this externality or am I missing something?2. You mentioned Thatcher and Reagan. But you spared the Chicago School and Friedman. Any reason? November 26, 2019 Reply F D Wolfe understands some of the problems, but is so WRONG on the solutions. He is a socialist at heart. He blames capitalism…we do NOT have free market capitalism. We have crony corporate capitalism. He should study economics at the Mises Institute. How he is a professor of anything is beyond me. Socialism makes everyone poor. END THE FED. GOLD AND SILVER ARE REAL SOUND MONEY. November 27, 2019 Reply Gathua Muigai Richard Wolff- The Lecturer I never had. November 27, 2019 Reply Mark Marola Centralization of power is the problem. Things were fine until the banks came along. November 27, 2019 Reply L Allen My comment—what to do about it November 27, 2019 Reply ALTHEGREAT101 typical academic pap; socialists have had a chokehold on academia for decades and they reject morality and reality and speak in propagandistic generalities November 27, 2019 Reply ALTHEGREAT101 btw, Obama used Keynesian Economics to give us 8 years of stagnation and a rise in federal deficit from 8 trillion to 20 trillion November 27, 2019 Reply dagda825 Will is a dumb fuck November 27, 2019 Reply Francis Donohoe Fat-mouthed garble. November 28, 2019 Reply Horny Fruit Flies All the capital bootlickers in this comment section have offered as something that in their tiny minds even resembles an argument is "but muh tyranical communist gubbermint" Proving Wolff's point about the sad state of our education perfectly. You are in way over your head. You cannot even begin to uderstand how irrelevant you sound to people who had done their research. Go read a book. The adults are talking. November 28, 2019 Reply Janice Plante The only thing I agree with is that Marxism should be presented in University programs and at the same time, the students are PROPERLY taught critical thinking!! November 28, 2019 Reply Janice Plante Re: Co-op law in England. That sounds good in theory, but also requires critical thinking. Most sales or closure of a business signals that there are problems with its management or the product it is producing. Sometimes, it's only success could be by acquisition because it needs a more vertical integration of inputs or production. If you are going to finance these co-ops through the gov't, you still have the problem that the employees have no skin in the game, and they are no better equipped to manage or expand the business, or there are inherent flaws with the operations, the business will still fail and the gov't will hold the bag in the end. I predict a failed policy. November 28, 2019 Reply Mondo Corporatism is a form of Socialism – In fact, Mussolini said it was the only form of Socialism that was workable. I despise the Corporatization of the world as much as I despise Marxist academics. There is a battle going on between the political/academic Socialists and the Global (anti free-market) Corporate Capitalists.Neither the political Marxists nor the Global Corporatists are interested in protecting individual liberty or equality – both are only wanting to control (administrate) the world's resources and manage society. November 28, 2019 Reply Mondo He's right, Capitalism isn't very old …..but in that time the standard of living for an average person living in any Capitalist society has risen to levels almost unimaginable only 150 years ago. These Socialist professors always fail to note that even a person living on welfare in the Capitalist West has a standard of living (access to medicine, fresh water, availability of food, human rights and personal freedoms, etc) that is far superior to any non-Capitalist nation that, has ever existed, has been able to achieve.Of course Capitalism is open to abuse and corruption – but Socialist nations have routinely set the benchmarks for corruption and abuse. Socialists speak of Capitalism as though it is synonymous with greed – this is disingenuous. Capitalism and greed are not synonymous at all – Free-market Capitalism does allow people the freedom to accumulate wealth so there is always the risk of corruption and greed. But greed is not a tenet of Capitalism (despite Gorden Gecko's misguided beliefs) , greed is unfortunately an innate human trait (some people are very greedy while others are not at all). The accumulation of wealth brings with it great potential – but unlike socialism, that potential is up to the individual to realize. November 28, 2019 Reply BB Banks The United States, endless freedom, very little justice. November 28, 2019 Reply mcmorrisb43 I wonder if the Google employee's understand how they're being manipulated by their capitalist bosses that are reliving old college dorm room Marxist debates. The sad thing is "Das Kapital" isn't required reading for every high school student. Students should critically think about the American economy. An introduction to Marx from these washed up old Marxists is a disgrace to make. Their emotional appeals are just too pathetic. Just what America needs with a psychopath in the White House. What you won't hear from the Marxist's is: 1. HOW to run an employee owned co op, 2. Why you should ignore the evidence wealthy countries have capitalist economies and every socialist economies all fails? 3. Free markets feed the the citizens of capitalist countries, socialist economies can't. 4. Can coworkers civilly discuss politics in the work place? No? How are coworkers going to cooperate to run a country.? 5. For every 1 successful employee owned co op there are 1000 successful entrepreneurs. 6. Not every capitalist works for a corporation, small business is the backbone of a capitalist economy. Does capitalistism deliver all American politicians promise? The evidence says that capitalism it does NOT, but it's the best humans have tried. Politicians in both capitalist and socialist governments lie to the public. Think politicians care more than the board of directors? I hope everyone does critically think the American economy because America likely won't have this same system forever; at some point Americans are going to have to confront the realities of capitalism, hopefully not while Trump is in office. I encourage everyone not to buy the Maxist's emotional appeals hook line and sinker nor my appeal. Think about it and come up with you're own conclusion because that's how we innovate to adapt and thrive. November 29, 2019 Reply 曾憲祥 Look no further than Huawei for the example. Democracy in the cooperation where every worker owns the share and make decision for the company. USA are trying to destroy them because no US cooperation or even government can win them in long term at fair playing field. That is why US is trying to smear their name and link them with the CPC. November 29, 2019 Reply Odis-Edgar: Davidson Abandonment November 29, 2019 Reply Mudder Fukker I find it interesting that he only mentions sparingly that 'the few' have 'millions of shares', but often mentions how 'the few' make 'all the decisions'. Having millions of shares came about how..? Oh, yeah… purchasing the stocks. So they have millions of times the investment that the many have. And 'the many' who helped to produce the profits are rewarded, that's called a "wage", that they get every week/biweekly, meanwhile, shareholders get dividends yearly , and the 'decisions' will affect what their dividends will be. There is nothing stopping the employee from buying stocks and getting dividends… except $. And how do you get money? You save it up instead of wasting it on stupid shit. November 29, 2019 Reply Joe Smith Stalin was the perfect Marxist, the greatest Marxist theoretician of all time. Author of many books, greatly loved in Soviet Union. He killed off the bourgeois Kulak landowners (correct), peasants who could never become proletariat (inherently bourgeois–correct), and finally the Bolsheviks (Bourgeois) themselves in the 1930's purges (correct). The flawless, perfect Marxist who went exactly by the book. He just forgot to kill himself (Bourgeois). His only mistake. Marx and Lenin were concerned about this dilemma as they of course were also Bourgeois sophisticates, without proletariat consciousness, and had to go in the end. November 29, 2019 Reply Dmitri Kozlowsky Sorry professor. Democracy has no place and does not work in the workplace. Every employee would vote for his or her interest, there would be no accountability. Corporations are best run by competent tyrants. Governments are best run by elected 'competent' , but not ambitious individuals. November 30, 2019 Reply James Horton And he starts off by saying that economics was boring to him and the audience. That explains the content. November 30, 2019 Reply Im old As dirt. Google has a plan to snap it right off in their employees by giving them every single thing professor Wolff promises. A publicly traded company can be bought out anytime labor ponies up the cash to do it. Labor is labor because it can't handle the insecurities that come with being the boss or owning it. Professor Wolff has not told the whole truth. Anytime you want to you can buy land and do your own thing on it. What's that? You don't know how? Well I guess you have chosen ignorance and bliss, huh? Does baby want a blankey? How about a pacifier to go with those tears? Who's the big boy? Who's the big boy? Professor Wolff is a kept man. If not for security he gain by working for "the man" You never would have heard of him. Karl Marx was a slacker who had great appetites and sores. He died broken. He was a sluggard. His ideas are malformed and half baked. If you want to live in a Karl Marx Utopia it's easy. Get a tax house and invite 20 or 30 bums in to live with you. Don't fix it up or spend extra money on it, then require your bums to do the best they can with it by exerting social pressure. Who knows? It might even work. Just don't let them know you own it. You may want to insure it so when they burn it down, you get paid. November 30, 2019 Reply Norie Huddle Another three reasons for why "mature" capitalist companies go to undeveloped areas: 1. less stringent or nonexistent environmental protection laws and 2. workers are not an organized force (e.g., labor unions) and 3. the capabilities for mass surveillance and effective censure of dissenters. Unfortunately these are all becp,omg increasingly present in the US, Japan, Europe, too. This dovetails distressingly with the dumbing down of the public through inferior public education that's taken place for several decades. Time to press the Giant Reset Button since continuing along this (insane) course is taking us, like lemmings, over a cliff. November 30, 2019 Reply Rob Francis Dick, the state, is a private organization. This is what people don't understand. The U.S. is a for-profit Federal Corporation, as Federal as the Federal Express Corporation. Refer to the following link, and scroll down to sections (15) (A). We've socially agreed to accept an elite group of clown actors to rule over society through our individual and collective willingness to believe, act, and die for their scripted dialectic's, staged hoaxes, LEGAL fictions, and funny money fairy-tales. We have a privatized system based on the power of myth. Our government is a Clowncracy. https://www.law.cornell.edu/uscode/text/28/3002 The only viable alternative is a free energy technocracy. Realize the only common denominator of all goods and services consumed is energy and energy cannot be created or destroyed it simply transforms and regenerates cycle after cycle. In other words, energy is infinite. There's more than enough for ALL. Get rid of the funny money (scarcity valuations BS), fully automate the entire world's production and distribution system and true freedom can and will be all of ours as a right of birth. The end to the psychologically imposed DEBT slave and the self-proclaimed make-believe master creditor class. December 1, 2019 Reply Lisa Montez Now listen to this:https://www.bing.com/videos/search?q=thomas+sowell+capitalism&&view=detail&mid=7A1C80DE41E4732A476F7A1C80DE41E4732A476F&&FORM=VDRVRV December 1, 2019 Reply Rob Francis Dick, capitalism is socialism. For the master creditors (private sector bankers) to attain control over the infinite energy resources of this planet, they socialize the slaves (public) by forcing them to obey the rules of their privately owned and incorporated governments of funny money and legal fictions. December 1, 2019 Reply Robin Mead If he doesn't point out the Federal Reserve and CB for what they are… he's a waste of time. December 1, 2019 Reply tony b dude really needed a tie December 2, 2019 Reply Laurence Co What Prof. Wolff just enlightened us with is the story of How the common people (masses) in Hong Kong reacted so violently to the CAPITALISM of the (Elite) large CORPORATION. How these wealthy Capitalists unjustly treated them by robbing them of their part of the wealth sharing. So they remain poor with a bleak future and unable to purchase their own home. Worse of all the wealthy elite knowing what will happen when the poor people gets angry requested the help of the Western intelligence to help use psychological ( brain washing) intervention to make the masses channel their anger towards the HKSAR & the Beijing Central Gov't. THAT IS WHY YOU DON'T SEE ANY PROTEST AGAINST THE RICH (WEALTHY CLASS) OF HONG KONG. Therefore, the very wealthy in HK also played a critical role in the recent unrest and is liable to repair for all the damages in that territory. December 2, 2019 Reply Jonathan Beth I was raised on a kibbutz in Israel and been through the a social/marxist system. Like the kibbutz Richard is proposing a logical justice democratic economic system where we all have a say in where the funds are being distributed. Unfortunately humans psychology is not logical and not created for corporation (Orwell 'The Animal Farm' in mind). Humans need incentives to do a job on the basis of competition or self improvement. The Kibbutz experiment lasted for 50 – 100 years but there are a handful of kibbutzim left running with original form. A social/capitalist society will work. December 2, 2019 Reply SASHA Savage Socialism has never failed. Socialism is a political agenda. The populations were thrust into extreme poverty and in some instances, famine followed by civil wars. But it was political system. It succeeded each time in its agenda. Politics was made richer than everyone else, and controlled 70+% of all income generated. Tell me how small business is the root of all evil, and I'll disagree with Capitalism. This independent channel on YouTube only exists, because Capitalism allows it. Without Capitalism, independent creators cannot own their work. Government does. If Capitalism is broken it should fixed, not destroyed. December 2, 2019 Reply Leonard B. Socialism could lead to a loss of freedoms and property rights, and more taxes. December 2, 2019 Reply manuinthezoo Great talk! December 3, 2019 Reply Yukon Cornileus If you actually think this jowl smacking angry sock muppet will make your life better you need your head checked.Venezuela 2.0 December 3, 2019 Reply moiafro …but …google :/ December 3, 2019 Reply doug pug A communism, something that never has worked,and never will work. Venezuela is modern communism . December 3, 2019 Reply F. Format "Democracy at work" "Hey, Mr. Boss, I want an ice cream…right now" It's worrying to think this charlatan has been in education for so long. December 4, 2019 Reply D'elia Danny if you don't like taking direction from others, open your own business December 4, 2019 Reply Anthony Gulla Obviously Google decided not to spend any of its massive profits on a quality recording system. WTF December 4, 2019 Reply Daniel Bonner They keep you distracted with racism, religion, celebrity worship etc…while they’re robbing you blind 🔥🔥 work for yourself 👊🏿👊🏿 December 5, 2019 Reply Fawad Charkhi I am not an economist but studied business. I wrote to the government and suggest shared 3 part shared economic system. 40% government and local stakeholders, 30% worker, 30% investors. The government can provide better laws, taxation systems, skills, and education, workers by having better equal pay, bonuses, dividend, and say in decision making then these factors will inspire workers to be more productive, efficient and do everything to make the business competitive dynamic and successful. investors can get the best of all world by having the support of the gov.as business partner which help to protect the business and create markets and promote business within and abroad. investor get the value for money that invested by having workers as partners and it by itself add value efficiency productivity and resilience to the business model. overall this business economic model creates synergy and much-needed support for each of these 3 partners. each partner can add to innovations and dynamism from their own capacity and resources. it will create happy equal sustainable jobs and the gov and investors will have highly committed professional and productive and competitive business. for example, the nation's natural resources, human resources and capital and assets all can be fully used for the benefit of the nation, government, people and businesses. ALSO,I SUGGEST THAT MONETARY SYSTEMS MUST BE BACKED BY GOOD CREDITS SCORE SYSTEMS THAT INDIVIDUALS, GROUPS, BUSINESSES AND GOVERNMENTS CAN GIVE POSITIVE AND NEGATIVE SCORES TO EACH OTHER BASED ON UNIVERSALLY ACCEPTED POINTS THAT COULD INCLUDING THE ROLE OF THAT PERSON, POLITICIAN, GROUP, ORGANISATION BUSINESS, GOVERNMENT ETC ON RECORDS OF CAUSING OR PREVENTING: (FAWAD CHARKHI)WAR AND PEACE, RECORDS OF DESTRUCTION OR DEVELOPMENT, RACISM AND EQUALITY, JUSTICE AND INJUSTICE, RECORDS OF LIES AND TRUTH, WORKING FOR UNIVERSAL SERVICE TO OFFER EDUCATION- HEALTH- DEVELOPMENT- ENVIRONMENT- SUSTAINABILITY- POLLUTION- ETC. ALL GOOD RECORDS MUST BE GIVEN BY ALL PARTIES GOOD CREDIT SCORE AND FOR HAVING BAD RECORDS ON THE ABOVE POINTS SHOULD BE GIVEN NEGATIVE CREDIT SCORES. POSITIVE CREDIT SCORE COULD BE TRANSFORMED AS MONEY PER GOOD CREDIT SCORE AND IF THE CREDIT SCORE GIVEN TO AN INDIVIDUAL, GROUP, ORGANISATION, BUSINESS, POLITICIAN, AND GOVERNMENT MUST BE TRANSFERRED TO MONETARY EXCHANGE. ONE NEGATIVE SCORE SHOULD BE SEEN AS OWNING MONEY TO SOCIETY OR VICTIMS THAT CAUSED HARM TO BY NEGATIVE CREDIT SCORE RECEIVER. SIMPLY CREDIT SCORE SHOULD BE THE BACKING OF MONETARY SYSTEM INSTEAD OF NOT TO HUAM DEVELOPMENT GOLD, SILVER, AND PETROL OR OTHER THINGS THAT ARE NOT USEFUL FOR CREATING BETTER HUMAN CIVILISATION AND FAIR WORLD. THIS SYSTEM WILL BUILD THE EDAN ON EARTH AGAIN BECAUSE THIS VALUES GOOD IN THE WORLD AND PUNISHES BAD IN THE WORLD. THE BEST DEEDS AND ACTIONS YOU HAVE IN SOCIETY THE RICHER YOU BECOME. THE MORE LIAR, EVIL, CRIMINAL, WAR MONGERING AND SELFISH YOU ARE THE POORER YOU WILL BECOME BECAUSE EVERY LIE, CRIME, HATE, DESTRUCTIVE WORD AND ACTION WILL COST YOU MONEY AND POSITION IN THE WOTLD RUN BY CREDIT SCORE SYSTEM. CHINA HAS ADOPTED MY CREDIT SCORE SYSTEM IDEAS AND I HOPE IT SHOULD NOT BE USED FOR CHINESE GOVERNMENT AGANDAS BUT FOR UNIVERSAL HUMAN VALUES. (FAWAD CHARKHI) December 5, 2019 Reply Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Comment Save my name, email, and website in this browser for the next time I comment.