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Marxism 101: How Capitalism is Killing Itself with Dr. Richard Wolff
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- čas přidán 4. 08. 2024
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Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism.
Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by the support of an avowed socialist, Bernie Sanders, by millions of voters.
To find out why Marx’s popularity has stood the test of time, Abby Martin interviews renowned Marxist economist Richard Wolff, Professor Emeritus of Economics at UMass - Amherst, and visiting professor at the New School in New York.
Prof. Wolff gives an introduction suited for both beginners and seasoned Marxists, with comprehensive explanations of key tenets of Marxism including dialectical and historical materialism, surplus value, crises of overproduction, capitalism's internal contradictions, and more.
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Music by Fluorescent Grey
i'm sure this comment section will be nothing but calm and polite discussion from both sides
Joel Zymanski yep, just like i thought
+Inkswitch the Unicorn lol
+Inkswitch the Unicorn hahhaahahahhha. omg im dying right now. i litterally pulled up the video. duplicated it to read the comments. saw your comment and thought, the sarcasm is strong with this one then comes ol' joel with the one two punch. omg so fucking funny.
+mountaingoat1003 this old loser you are referring to has 2 PHD degrees, in economics and in history as well. He is a professor of economics at the university of Massachusetts, wrote multiple best seller books.....do your research before opening your loser ass mouth next time, idiot!!
+Ripped_Shark You really equate education and wisdom? This man has two PhDs! let's strip away property from those who work for it!
“We can not solve our problems with the same level of thinking that created them” - Albert Einstein
Einstein was a fraud...google Einstein Plagiarized
@@bloodorange3279 I did. 0 credible evidence of that claim
@@bloodorange3279 Ad Hominem tactics are stupid.
Our problems can't be solved by system that has produced failure on a grand scale for 100 years or by a system that has slaughtered and starved tens of millions of people.
@@giovannipatino4749 Authoritarian aspects tend to corrupt the base idea.
If you had a significant other as unstable as the US economy you'd have left them a long time ago.
Richard Wolff
But then again you would look around at everybody else's significant others and look towards the sky and thank god.
@@MrEIden231 that's a wretched way to look at it
@@MrEIden231 such as?
An economy entirely dependent on war and invasion. Wealthy yet has a substandard public education and virtually no public health. Keep people sick and stupid and they are easily controlled.
@@msbramble176 hear, hear.
It's amazing how the small amount of people who hold the majority of America's wealth, convince the majority of people it makes it's wealth from, that it's the poor people that are making things worse for them. It's Mind boggling, Successful, but mind boggling.
I don't know why socialist say that the 1% are slaving poor people, it's just stupid they are creating a better product for the consumer while creating jobs and helping the economy. If Jeff Bezos Is a billionaire is because he improved a necessity for e-commerce that everyone neglected, he improved many small business with his solutions (just look at AWS), if money is the award for improving society then I don't mind he's the richest man in the world he deserves it. And speaking of inequality the countries with a free market economy are the least unequal, for example Sweden is one of the countries with more billionaires in the world and one of the most equal countries there is, so no the 1% isn't the problem, the government is the problem, the less government the more prosperity would be. It's ok to be socialist at some point, I think it was awesome until I was 17, then I grew up and start to really understand economy.
Marx theorized correctly that the ideology of the ruling class would become the ideology of the population.
Considering they give the poor jobs it is the popes fault they are poor. Almost everyone in the top .1% is self made. Do not hate them for working hard and making your life easier.
People blame the wealthy but you should be blaming big government. They are allowing this to happen. By all means go live in a country with no economic freedom
@JCO2able Milton Friedman is a Nobel prize economist, and he completely destroyed the socialist theory so don't come with this weak argument
"Water is not a human right"
Nestle CEO - Peter brabeck,
A Capitalist.
@@geraldm4728 theres a difference from purified water and already drinkable river water which most bottled water is pulled from, of which is monopolized in countries that need it more than the company itself.
@@geraldm4728 And even so, the man who said water isnt a right never distinguished between clean water threw labor and clean water from rivers and rain.
Stalin just decided if people die by looking at them
a communist
@Portraitz True Oligarch is an Poliical Form Capitalist is an Economic system
@Portraitz considering what america has become that is true as it started during the formation of the IRS when america became an Oligarchy which of course incorporates Capitalism practitioners as one with the government based on wealth.
I'd say its very evident with the prison system and how most laws are unreasonable such as a law for kidnapped which involves even a minor grabbing of their shirt, which could give around 30-40 years. (Found out privately owned prisons caused certain procedures to be put into place such as there must always be around 80-92% incarcerated prisoners at all times and if the population is below those numbers they will deny you an appeal-ment or anything of the sort, Guilty or not.
If capitalism works so great, why does it need to be bailed out by socialism every ten years?
please give an example
@@staneagle1070 Bank bailouts, Wall street bailouts, farmer bailouts...the list goes on and on and on.
They will NEVER be able to explain the reason why this is. Just deflect, deny & move the goal post
@@changingmyself bailouts aren’t socialist, they are just diverting the course of capitalism by allowing inefficient businesses and industries to stay afloat, equally the bailout of the banks in 2008 was not favourable so if you are socialist I don’t know why you are standing by that as a good example, all it did was tell banks there are no consequences to risky behaviour because they are “too big to fail” well now they are bigger than ever before and their high risk behaviour hasn’t changed for the most part. And regarding the credit crunch, a huge cause of it, alongside greedy bankers, was the fiscal and monetary policy that encouraged excessive borrowing to buy property causing the bubble to inflate
@@staneagle1070 FOH with you rationalization and justification. It is socialism based on the white definition of it! I guess being to big to fail applies here which is anti nature and the universe! Everything fails in nature. Its a cycle of birth, growth, thriving, breaking down, death, birth and etc. However, that isn't how big time capitalism works in the West specifically here in America. If it did work that way, there be no bailouts.
What a relevant video 4 years later.
I totally agree..:)
Almost 2 million views..how IS that?
Communist last forver
The communist manifesto is 200 years old and has never been more relevant as we can literally watch as what Marx predicted happens.
Hopefully it won't have to be relevant in 100 years
“But isnt that just slavery but with extra steps” -Morty, Rick and Morty
capitialism and authoratarianism is slavery
the fact i can't difference this comment it's from left or right blows my mind
Bassh no 1 ikr 😂
@@memelord9232 yes like you learn nothing to school and then you go work for a business man and you will still be poor
Acts 2:38-47
Ah yes, my favorite marx quote "I rest my case: This system sucks"
Hahaaha
Mine is "Fuck that Bakunin! I am the leftest leftist of them all!"
Ohh go live on Africa or North Korea. Youll LOVE IT THERE!)
@@mafistowaltz4857 no you !dab
@@mafistowaltz4857 go poop your pants and tell me how it feels
Indeginious people knew about communism way before Marx wrote about it
Indigenous people were too busy with tribal war fare, the human condition is horrible and will always be fueled by greed
@@Hungry911truth My people lived on avg to 110. They were in far better shape then todays lazy people. Working together always works better then working against each other. This is why Pro sports share pulls the money. If not you would end up with one team and no one to play. Thats why 7 Corperstions basically own everything. If we keep going eventually one Corperation will own everything. Monopoly works on Capitalism. As the game plays all money eventually ends up in one person hands as the rest go broke. Today we have the 1% who have 90% of the money. Thats a beoken system unless you are the 1%. Satan runs this World as the Bible says and all the isms do not work for ever as they were designed not to. The answer to true Freedom is to get rid of the money all together and barter and trade. Now if you set on your ass all your life making money off others peoples work you are screwed.
@@Hungry911truth The Fed and corperate greed is destroting Capitalism. Corperations are a form of Socialism. People share pulling money to buy in quanity to inder sell the Capitalist mom and pop store. You need to study Khaddafi. He shated the money coming in from the oil with the people instead of it all going to 1 Corperation. Lybia went from poor and 14% of the population being able to read. To over 80% of the people being able to read. Everyonne got housing a car and with all the money being shared from the Natural Resources every pne had jobs as there was a great demand with everyone spending. They the highest living standards in Africa. We killed him for it and stole all their Gold and destroyed the 8th Wonder of the World the Aquaducks he built bringing everyone fresh water. Lybia has the largest growth of wealth of any Country on the World during Khaddafi. He vowed to live in a tent until every citizen had a home. When they killed him 90% of his population had homes, he was still living in a tent as he promised. When you got married you were givin money to buy a home and car. Khadaffi proved sharing the wealth pf the Natural Resoutces everyone coukd live welk, and his Country strived. We killed him for ir, he proved Socialism did in fact not only wirk but worked very well. Tje 1% wants it all here in the US. Any greedy cirrupt form of Gov can destroy any form of Gov. We could alk be rich here in America but all our money goes into the pockets of defense Contractors as we destroy Countries like Ly ia, Iraq, Syria, Afgahanasatn you name we have been their amd destroyed it and for what, greed for Corperations. After every single war the Leadets and Gov of both Countries should be put on trial, the Country who attacked the other should have all their leaders and tbose in Gov who voted for the attack executed. War is an act of failed leaders not beable to be Civil and work out their oroblems with reasoning so they shoukd be terminated. Betcha that will bring an end to wars, you think. You have a right tp defend yourself but you have no right to attack anyone else and death is what waits you if you make the desicion to do it.
@ls7orBust2 "When the terror comes we shall make no apologies" - Karl Marx
Marx didnt invent Communism tho. He just made it famous. Versions of Anarchsim/communism has always been around in different societies.
I love how he explains it in baby terms and people still don't understand.
Oh they know, it's just they don't wanna listen so they'll play dumb. It's not what they wanna hear so they choose both a blind eye and ear.
Maybe you agree with him because you don't understand how economy works ...
@@GeorgWilde Where did HiDefDream say they "agree with him?"
@@GeorgWilde maybe you should make specific refutations instead of appealing to a vague abstraction.
a lot of his stuff is rather exaggerated or taken out of context
i mean richard wolf even called china “socialist” once even though it’s a state capitalist country mostly
also the statistic that most young people “like” socialism is only a single statistic and is rather sketchy
not a very trustworthy video
I never knew I had a Marxist approach as I had a lot of similar thoughts without any prior knowledge of it
Marxism is imbedded in schools. If you are from the UK you begin to hear as early as gcse all the way up to higher education. Marxism is a philosophy in grained in you with out you even knowing.
Well yeah, it is the system that makes logical sense for democracy and equality so it makes sense that a lot of people would be in support of it without realizing it.
That is incredible !!!! I Am watching that video while writing and that is exactly what i thought... I never knew what Marxism meant until now and it does match with my own thinking !!!!
Because that knowledge was deliberately kept from us, as it would disrupt the campaign cash flow pipeline.
Yes me too
As a poli sci grad student these days, I could listen to Dr. Wolff all day. Not necessarily because I possess a fully Marxist philosophy, but because his capacity to explain/deconstruct complex ideas is out of this world! He is a gem.
Brian Anderson you have been brainwashed in college, and you don’t know that, and you won’t let anyone tell you that you are. 🙏
Mokekilla, The same equally applies to you as well.
@John White I am a capitalist because I am a good person who doesn’t want to take advantage of hard working people, by making give me money for doing nothing at all. Socialism is just selfishness. Hard working people and wealthy corporations have rights, and should be able to spend their money however they want.And socialist are brainwashed and lost people.
It's really not complicated fam. It is people are unwilling to even hear this man out..look at quality data ..if they are not ultra rich, have a brain and some empathy maybe..they will come to the same conclusion. I've never thought it would be so hard to convince people to look after their own interest. The rich certainly do..they have convinced the poor to work against the poor...not a new strategy
@@sirenheadofficial7702 ok. Get to work
I love all of these experts here on the comment section, so many educated people with totally valid opinions on an incredibly complex issue.
I love you too, Duke
"...It's time to kick ass and chew bubble gum.... and I'm all out of gum..."
Hahah right. Sadly your comment is as cliché as the arguing at this point
@@smartcow360 maybe cliche, but not less valid and, sadly, not less ignored. Rubbing it on people's face is sometimes necessary, even if for the benefit of only a few otherwise sane people who might get a wee bit out of focus.
Thats what the ccp would say
I came here as an enemy, but I'm leaving here as a comrade. 🛠
😂😂
At 63 yrs old I would say Prof. Wolf is correct capitalism is imploding on itself big time. I learn so much from him - Thank you Sir!
I hope capitalism is finished soon.
so commmunism works?
@@didforlove It will if capitalism does not consistently intervene in its development.
Goes to show you some people simply remain dumb no matter how old they get
When he brought up the US war on terrorism and constant wars on real or imaginary enemies I could only think of 1984, and damn is it stunningly familiar.
Erik Solfors Lundberg one day we were at war with eurasia. Then the next eastasia. It’s hard to know if we are actually at war with either, but it always seems when we are at war with one, we are friends with the other. War is freedom. That’s what they tell us. We gotta fight these wars to protect our freedom. Department of defense, their job is offensive war. Department of peace was responsible for waging war. Definitely feels Orwellian in our country. What’s ironic is that 1984 is 100% meant to describe extreme communism. Why is then that so much of it is applicable to the extreme capitalism of the United States? Im actually reading through that book now since I last read it in high school 5 years ago, and it is scary how Eric Blair (George Orwell’s real name) seemingly prophesied the United States. I think it’s because, while the book is obviously about the USSR, what it really shows is authoritarianism and totalitarianism, something our country has trended toward for a few generations now. Our president didn’t have half the power in 1970 that they have now.
@@icankickflipok you are wrong in the idea that the book is obviously about the ussr.
please tell me what armed conflicts was the ussr fighting at the height of the cold war?
the usa on the other hand.... perpetual wars of aggression and invasion, in all continents, deposing democratically elected leaders, and imposing economic dominance.
@@bolshevikrasta1027 He wrote the book immediately after returning from his trip to Russia, he wrote Journals about the horrors that he saw their.
@@cjlooklin1914 Orwell already said it is about the western countries
@@bolshevikrasta1027
The USSR was involved in open conflict in Afghanistan and covert conflict in
Many other nations.
The USA was involved in many large scale conflicts too.
Not sure why Dr. Wolff is talking about slavery in the past tense...
@⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ What are you talking about? Do you think America is the only country to have ever had slavery?
⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ bruv the 13th amendment allows slavery as a punishment... & that’s what you see in the inmate labor embedded within the industrial prison complex
Because he is talking about slavery *as the main form of production* meaning the economic sistem in wich most things are made by slaves something that ended after the fall the roman empife even if the institution of slavery persists because it is not the way in wich most things are made
@⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻⸻ My grandfather had to pretend to be disabled so he wouldn't do forced labour by the french.
Ikr. Look at North Korea
The idea of Democratize the workplace should be in principle appealing to Libertarians as well if they weren’t so brainwashed. Libertarians experience just as much obfuscation of ideas as progressives socialists do making real ration debate impossible.
Yes, you can non-violently "democratize" the workplace by buying shares of the company and progressivelly become its owner. You "can" because it's your choice, that's why anyone that respects freedom (like a libertarian for example) will respect whether you buy shares of company or not, even when he/she thinks that is risky or a good choice.
Gen Xer-NEVER taught this in school, school made sure you got up when the bell rang..........
Wonder why?
Same here in the UK
Its difficult to believe that this topic was not taught. We read Animal Farm and 1984. We also had History about World War 2 and the Russian contribution and Roosevelt's failure to negotiate about eastern Europe. Ayn Rand also discusses these ideas. Marx should have no quarter in modern society other than a example of what not to do.
@@andrews5320 where abouts as you?
@@andrews5320 Yes with $27,000,000,000,000 in debt and many US citizens living pay check to paycheck with no access to medical care declining life expectancy and rising child mortality rates..... Your right stay the course SMH.
@@andrews5320 You obviously have not read what Marx actually wrote.
Even conservatives like Milton Friedman and Hayek borrowed ideas from Marx although they both had broad interpretations namely Quantity Theory of Money and Diversification of Agency.
And many of Marx’s ideas are derived from the real Adam Smith not his modern caricature.
Marx did not prescribe a solution. In fact he resisted doing so. The closest he came to that was with his observation of the Paris Commune and the idea of „the dictatorship of the proletariat“ vs „the dictatorship of the bourgeoisie“ as a possible model for a next step. Which amounts to a working class representative democracy.
What came after with “Marxism” were various different people who agreed with his diagnosis but had various disagreements as to what would be a solution.
Of course capitalism is killing itself capitalism will not be satisfied until greed destroys everything including itself.
Lol, you are demanding to take other people's money by force even though you probably make more than 99% of the world, yet you call other people greedy? SOCIALISTS are greedy. Capitalists count our blessings.
Central banks printing trillions of dollars putting in the pockets of the rich is the causing of the worlds problems. This is not capitalism.
@@Dennis-nc3vw You have that backwards. Crony capitalists are the ones who take by force. Jesus dude. Did you listen to the Dr.? You wanna know WHY corporations own and control everything? Because THEY understand MARX, and regular people dont; because if regular people truly understood what Marx understood, they would no longer allow themselves, their work, and their lives to be exploited.
@@tegridyfarms9972 You nailed it. Americans think they live in a successful capitalist economy until a crash happen and the Government bail out big businesses that failed its workers and get rewarded for it yet when the small businesses do everything right and pay their taxes they get no help lol.
you say this because you cant accept failure.
Rosa Luxemburg: "Bourgeois society stands at the crossroads, either transition to Socialism or regression into Barbarism."
The best interview I have ever seen on CZcams. Many thanks to Prof. Richard Wolff and of curse Abby Martin! 🙏🏻
Are you forgetting Lenin's Red Terror, Stalin's purges, Pol Pot's killing fields, Mao's culture revolution and a thousand other acts of terrorism? Barbarism = Socialism. Marx preached terror. Engels preached violence. It doesn't matter that you think you will create a "Workers Paradise", it is still violence and terror.
@@giovannipatino4749 Go and learn something then open your mouth. Otherwise nobody takes you seriously.
OK, I read the Communist Manifesto, Mao's Little Red Book (rubbish), Hand Book for Radicals, Marx and Engels writings, the Gulag Archepelago and other Socialist favorite hits. How's that.
Here's your challenges: How will you Socialists not become totalitarian this time?
How will you make collectivism and Central Planning succeed when they have failed for Cuba, Venezuela, Poland, Lithuania, Latvia, Czechoslovakia, Hungary, North Korea, Hungary, China, USSR and every other socialist country?
I love to hear you Socialist sing the praises of Socialism when all you have is economic failure and Totalitarianism.
@@giovannipatino4749 Dr. Richard Wolff has answered all your questions. Listen to him and learn what socialism is. Good luck!
@Arman Raha @Giovanni Patino
I think both of you need to can it. One of you can‘t wait for the glorious Motherland to come on through and make nice with everyone, and the other can‘t be bothered to find the merits of adapting the system we have now.
Full on Socialism/Communism/Whatever is bunk, but the system we have now needs to be changed in significant ways. We can‘t throw the baby out with the bathwater though - instead, we should look at what can be taken from each system, and incorporate what works into something news.
In a time of universal deceit, telling the truth is a revolutionary act.
its these kinds of things that my professors said to me that made my dull eyes light up for the first time in college. marxism just makes so much sense to me. i am naturally inquisitive and enjoy philosophical questioning a lot, and my passion only grew bigger after taking sociology courses and beginning to set into stone my current worldview. the worldview of deeper meaning, fundamentals, and understanding human nature/society in a far more nuanced complex way than I was taught previously. i cant see myself ever regressing back.
Have you ever considered you are being indoctrinated, assimilated, institutionalized? What books have you read on both Socialism and Communism? What successful communist/socialist country can you name that has not imploded? What do you think of the “trained Marxist” co-founder of Black Lives Matter having 4 houses worth multiple millions of $$$ ? She’s living larger than Warren Buffet ever has...how can that be? How are elected politicians in our country becoming multi-millionaires when they had nothing before they went into office to “serve the country”? Name a communist country where the common people are very happy, have all their basic needs met and are not living in what we in the USA would consider squaller. You stop questioning your profs and you become a worker ant.
@@naps3386 you name one, and we'll see if it's a communist country or not..i have my guess
Lmaoooo I ‘regressed’ back after I realised how fundamentally flawed far-left politics is and how it really doesn’t hold up under intellectual scrutiny, but facts don’t usually matter these days anyway
@@naps3386
From a guy who has a western education.
You’re so fucking programmed you don’t even know your propagandized🤡
@@og-greenmachine8623 Facts, people need to read some books now and realize that capitalism is not an ideal system.
What a ridiculous notion the war on "Terror" is. Terror is an idea, a concept and as such this notion can indeed be continued indefinitely. All that is required is a tuning of the definition of the concept. That in itself is deeply disturbing.
+Klaus Bj Always Always based on fear " Middle East " "South America" World Trade" to name a few .. ..
It is not a "war on terror" as that is a nebulous term. It is a war on the Islamic doctrines that threaten our very way of life.
+FreshWholeMilk lol, nebulous is right. That does not explain why the US would arm and support IS and undermine secular middle Eastern governments all the while supplying Saudi Arabia with the latest high tech weapons. Especially when you consider that Saudi Arabia is extremely fundamentalist.
+Klaus Bj "That does not explain why the US would arm and support IS" do you have any evidence for this claim? As for US support for Saudi Arabia, it has more to do with dependence on gulf oil than anything. Not some "sinister agenda for world domination."
+FreshWholeMilk The US invaded Iraq under false pretenses, and this later led to rise of ISIS. I don't think he meant literally "support IS." As for the sinister agenda? Yes, the US definitely has a sinister agenda. In the Reagan days, the US funded and supported the Mujahideen, which is a terror group. CIA trained many Islamic extremist militias, including the early forms of Al Qaeda. The US, under Bill Clinton, used the Taliban to protect oil pipeline contracts with Pakistan. After the Bush disaster with Iraq, the 12 trillion dollar war to date, we are still supporting "Islamic doctrines that threaten our way of life." This not just for oil, it's for definite domination and destabilization. Saudi Arabia uses US weapons to massacre thousands of Yemeneze civilians. Israel uses US weapons to kill Palestinian civilians. The ratio of civilian casualties due to warfare for both nations mentioned above is over 80%. And if you take a look at history, we've done it for a long time. We aided the Contras, a horrific terrorist organization. We aided the Coup of a democratically elected government official in Chile, which later led to the horrific Pinochet regime. We've backed the horrible dictator in Cuba, Fulgencio Batista. CIA involvement in Cambodia, against the Kmer Rouge group, led to the rise of Pol Pot, a brutal dictator who led the cambodian genocide. Not to mention the carpet bombings of thousands of innocent civilians in Vietnam. Flash forward now, we kill thousands of innocent civilians under the Obama administration via drone strikes, which kills 90% of unintended targets.
So, the US definitely wants world domination, there is no question about it. Whether you accept it or not, is completely on you.
The most excellent political lecture I have ever heard in my over 60 years of life! Keep up the lectures; we are listening.
+Min Maung Maung I was listening to this kind of "lectures " for 22 years in our socialist schools in eastern Europa , until whole socialist system COLAPSED in 1989. Socialist Cuba pays $ 30./ a MONTH . Happy now ??
+martinko40 Socialist Cuba isnt gangster paradise and almost gangster state, model for corruption and american province biatch
In return they have to take the economic shitstorm, but it survived fall of USSR
+blackcarmafia Cuba is still surviving Socialism =IDIOTISM , because it is isolated ISLAND , largest " human prison " in the world .
+martinko40 just curious, do you live in Cuba now?
+Liza Tanzawa Thanks " GOD " I do not live in CUBA , but my daughter visited CUBA about 3 month ago .Advise to you as visitor, bring your own soup and toilet paper .
Great interview! Very interesting! Would love to see more content on this stuff and the like please.
Working Class Unite!!!! 🏴✊🏼
You're calling for your own destruction.
You have nothing to lose but your chains.
@@omega0195 Neo-Liberal. You like getting shafted by the elite
To me that’s not useful it’s just throwing off the cycle and then re- initiating the same cycle back again. We have to come up with a better system better than capitalism or communism to not go back into any of the errors of the past.
@@jesusRamirez-xv7xp Yes it's called socialism its right in the middle of those two things and seems like a pretty decent system.
This comment section is great because half of the people clearly have not watched more than a minute of the video and decide to use the exact same dumb arguments he's already made cases against.
Harrison Hunt Yet they aren’t even responding to his criticisms of their arguments, if they were so easily refutable I would expect to see that in the comments rather than what seems like people just reciting what they already thought before the video without even mentioning the points he made
Harrison Hunt while I support you Russia isn’t commie
Still stands as soviet union doesn't exist
Harrison, I stopped at two sentences in because you were already straw manning. The video didn't suggest solutions to the problems you listed - only that they are systemic problems to capitalism. You bringing up countries that are not capitalistic is a red herring.
If you want people to read your word salad, you need to be intellectually honest. I appreciate your effort but your approach was not honest so it must be ignored.
feartheglosshh RIGHT
“The last capitalist we hang shall be the one who sold us the rope.”
― Karl Marx
That was Lenin
and even his statue in leningrad was hung by the crane operator.
that makes so much fucking sense... now we have no ropes guys lets go live like cavemen....
well said comrade!
This is why Marxism gets a bad rap. He was responding to the conditions of the day, where being "working class" was for most a truly degrading experience. I think we've made some headway since then. There is no doubt in my mind that something has to give, tho, and it may well result in a "velvet revolution" (or revolutions). What worries me is that the true ideological villains of our day - Theocrats - will cynically exploit this turn of the historical wheel to impose even more dogmatic restrictions on their religiously infatuated, poor benighted populations - and increase their territory in the bargain. Russia's claim to authority in dictating the terms of the engagement with the war in Syria should have any sane person worried. Putin has his own Theocrats backing him.
After 5 years I still come back to this interview. Something not mentioned but I've always believed in is a little known saying called "Rule 303: because I have the means and ability to inact morale justice, I have the duty to do so and not acting would be irresponsible" let's uplift the 3rd world and take back the means of our production and stop our collectiveexploitation. Anything less should be irresponsible.
Nice.
People are talking about all kinds of solutions but they are forgetting that root of the problem is fact that American people don't have a government. Instead, they have prolonged hand of financial and corporate sector as a rulling body.
“Capitalism is the extraordinary belief that the nastiest of men for the nastiest of motives will somehow work together for the benefit of all.”
― John Maynard Keynes
keynes the one who want to bury money so you can pay people dig it to be paid.
That's LITERALLY communism actually, you fucking idiot.
semih oguzcan wrong. capitalism is pro individual. socialism is pro collectivism. capitalism is better because the individual can work up to a point where they have enough money to re invest or donate back into the little man. problem is many men in power are greedy but not all.
"literally"
Explain how?
Haha yes. The freedom to sell your own labor to a guy who works a fraction as hard as you do and yet earns tens of thousands of dollars more than you.
I wanna take a class with him as the professor, he's so expressive when he talks.
Definitely one of those folks that draws you into the conversation and keeps you interested
Hes a great professor, but go to UMass Amherst his university and you will find many like him. It’s the stronghold for his ideology in the US.
To be fair, Marx was NOT the inventor, but rather a philosopher who managed to popularize & innovate something absolutely NATURAL to the sustainability of ALL life on this planet! #facts
Yes, I would compare him to benjamin franklin discovering electricity it was already there he simply made it known.
Franklins ideas didnt starve/kill millions of people and destroy countries
@@danyo6317 Franklin didn't invent capitalism though nor did he popularise it. That would be Admin Smith that carried the world out of mercantilism and into capitalism.
@@equinox2584 i never said he did. I just wouldn’t compare him to marx.
@@danyo6317 Neither did Marx's. I am sure he would be appalled as to what happened in Russia.
Thank you so much Abby et al your work is absolutely vital and appreciated.
Always soak up prof Wolff’s words like a sponge- thank you sir
it's hilarious seeing how many of these counterarguments are directly addressed in the video.
Actually no. When he refered the economical growth of China and Russia thanks to their socialist economy, he conveniently ignored the fact that the average person on those countries live horribly. One of my mothers employees is Russian and she told me that She had to emmigrate because of it. Aditionally he blames pollution on capitalism but yet again doesn't mention that China and Russia (these "successful" socialist countries) are the ones responsible for most of the pollution in the world: China is responsible for filling the ocean with plastic and oil and Russia releases radiactivity to the wild.
Also when the interviewer asked him about the argument of "I worked for it so I deserved it" he immediatly changed the conversation to corporativism, talking about rich people who do nothing. Fun fact: capitalism IS NOT corporativism. Aditionally, the richest people alive (the leader of Amazon and Bill Gates) worked their asses off to achieve what they have now. It's true that they can afford to be lazy now, but they surely did not mind to work during weekends or holidays to get what they wanted. Capitalism and Marxism are not perfect, we must install an economical system that incorporates the best of both: the humanistic values of marxism and the efectiveness of capitalism.
@@chilloutlemur9979 but Russia and China aren't socialist nowadays. Plus, despite me not defending either of them nowadays, it's clear that there is US propaganda to blame them as the causes of everything bad in the world just like they do to whatever enemies they have, be it economical or political.
And the point is, it doesn't matter if a rich person "worked hard" to get rich - which I still struggle to find a true example of that, I don't know about Amazon's leader but Bill Gates' grandmother or something was the president of a bank, he enrolled a private school, etc. - what matters is, when one becomes a capitalist, he is stealing from other people. Stealing the products of their worker's labor. And not only that, the economy itself suffers from capitalism. It's propagated as the most efficient economic system, but from a more theoretical perspective there is an abundance of essentially dead(non productive) labor because of capitalism, most notably merchants. And from a more practical perspective, no capitalist country in history ever grew as much as the soviet union until the 50s, from either an economic(with the exception of WW2, numbers of over 8% GNP growth a year, if I recall correctly sometimes getting over 20% growth in a year) or social perspective(life expectancy exceeding the US in the early 50s while in 1917 the life expectancy was below 30 years, over 95% of the population literate in the same period with over 50% having superior education while below 30% of the population was literate in 1917, a national and international campaign against racism which, specifically in the question of antissemitism, even the staunch anti-communist Hannah Arendt before the Cold War commended Stalin for his exemplary treatment of the jewish community in the Soviet Union much unlike how harshly they were treated in the western world - and not only in Germany).
@@chilloutlemur9979 "russia release radioacticy to the wild" you should see the map of nuclear testing in the united states. Spoiler u dont wanna live in nevada :) ill give you time to check. If russias authrotarian xommunism was a bad idea so it americas 2 party corporate socialism/ plutocratic elections that areletting the rich choose who rules the country. Think about tjay concept. The President is a so called billionaire. Company owners tend to dominate the economic system since theu have more ability because of their wealth while the worker has to scrounge together every cent they can to survive. While the rixh man who works very little gets to spend most of his time doing what he wants does that really seem fair and equal. The bourgeoisie are no different than dprk party members or russias government who controlled the citizens. They just hide it in our society
@@chilloutlemur9979 Jeff Bezos and Bill Gates were both rich to begin with. Bezos got $250k from his parents when he started Amazon lmao. The less-than-minimum wage workers at Amazon's packing facilities work longer and harder than Bezos ever did.
Maxime Marques China is not socialist, they are capitalist
This is very good, though still a little wonky in the beginning. The examples are best in explaining points. Remember you are talking to people who do not think about economics and philosophy and how these ideas impact their lived experience. The structural crisis of capitalism is explained early on and is clear and brilliantly illustrated. Capitalism will fail in the west because the workers do not have enough income to buy the goods and keep capitalism going. The capitalists hurt themselves because their profits come from workers who are unable to purchase the goods they make. None the less I will be surprised to see USA change direction. The 1% will fight to the death on this. And the uninformed and the easily misled will support the 1% in that fight.
Somehow, your last point scares me the most. The most defensive and gun-obsessed portion of america are the good-old-fashion right-wing cowboys who think they are protecting american freedom.
Laissez-faire capitalism is what brought America to the forefront of the world and helped abolish slavery and advance civilization throughout the world, being non interventionist and through free trade. That system went away in about 1910 give or take. We have been a fascist nation ever since.
Please do not equate today’s United States with free market capitalism because it is not even close.
@@mlgxxsniperxx441 it's almost like laissez-faire capitalism facilitated the development of fascism and was uninterested in the predictable fallout.
The only thing I disagree with is that capitalism will crash itself. Fundamentally the way it’s used is more or less an evolution of feudalism that just so happens to be a lot better and has a lot more gloss to it. People who are born into rich families have rich lives. The son of a noble is also born into a rich life and rich family. The difference is in how goods are distributed amongst denizens of a nation and the levels of social stratification and the complexity of the governance and social systems themselves. In feudalism there is a monarch with lords underneath them, and servants/lesser lords beneath them, and so on and so forth. In capitalism we have the 1% but they aren’t directly subservient to anything but their own gain and a rough social circle. In the lower class people aren’t serving a lord or a specific person of power they are serving an entity that represents the financial goals and desires of a large group of people, often answering to a mouthpiece of a mouthpiece of a mouthpiece and so on and so forth. Managers themselves are not the people really being served. It’s the board, the executives, upper management, and investors being served by the worker through the proxy of managers.
7.8K (neo)conservative/(neo)liberals coping, seething and dialating
Hey syndicalist here: Marx is cool but he did not invent socialism
He didn't, but he popularized it and collected it into European writing.
He names belief in God as the problem, how'd that work out for 100s of millions. Acts 2:38-47
@@anthonyman8008 believe in god is a problem,atheism doesnt kill people
But religion sure does.
@@ironicmysoginist2035 believing God the wrong way is a problem,. Why did Russia starve over 100 million to death? God is real and so is satan, Jesus is the only answer, try looking up the scriptures that I shared
@@anthonyman8008" vuvuzuela 100 gainguwwjsbajwiwazillion dead ussr stalin"
Debt is just another form of slavery
No, they are different with the main difference being consent.
Sry but no..... nothing has the “form” of slavery it is in a category by itself
So, taxes are just another form of slavery?
Taxes are a form of slavery and the more socialist a system is, the higher the tax you need to pay for that system.
Atticus H yes
Scary thing is that when he said the 64 richest people had same wealth as bottom half of the population...now that figure is at the top 8 richest people have the same wealth as the bottom half.
Also scary; Most (approx 95%) of the media (TV, newspapers, radio, periodicals,) are now owned by just 6 billionaires.
E Debs OMG! Is that true?? That’s terrible and absolutely horrifying
tell me, who produces more products that people want need or desire, and who EATS more resources than they produce?
One of the richest persons in the world is Putin. Open your eyes you rotten commies!
Um...Russia is no longer communist. Its a capitalist country now. Hyper capitalist. Having said that, I have no doubt Communist leaders all had secret bank accounts with plenty of stash. Corruption is corruption. But at least they had the shame to hide it. We accept that we're fucked and some even praise it!
Here's another fact or two: 1/1000 of the us population owns 50% of its wealth. There are 400 people in there that have more money than the GDP of Brazil!
Can I call them rotten capitalists?
Bloody marvellous! Learnt more than any business lecture, and well done
Fantastic interview! Glad to see so many views on it.
Dr Wolff just blew my mind, wish he was my teacher when I was at school lol
he's pretty great. you should check out his youtube channel, democracy at work
Capitalism is driven by greed and will be destroyed by greed.
Iheanyi Ekeke... pretty healthy form of greed though production rises by greed of the rich.
American capitalism has lasted 250 years and going strong. Name a socialist country that lasted more than 80 years with out utter collapse and mass murder to boot. America is NOT perfect but it is way better than any other system..capitalism is the best even with its flaws.
bobknight33 you can't have capitalism without socialism. They have to coexist.
Excellent expose on the failure of Capitalism. . . . . hell is too good for the oligarchs.
Gulag the motherfuckers
@ls7orBust2 Implying such achievements couldn't have been made in a socialist society and ignoring all of the people that have ended up in poverty and the environmental implications that is a product of capitalism.
@ls7orBust2 Democratic Socialists: Hey can we get free health care
Conservatives: V E N E Z U E L A
@ls7orBust2 First, none of those countries were socialist. Venezuela isn't socialist in any way, it's leader is just a socialist.
Second, they're much poorer than the US and they've been at odds with the US meaning they've had to put a lot of resources into the military. And let me remind you that the Soviet Union had a very well functioning medical system and science was one of the main focuses of the USSR.
Capitalism is the way forward. Socialism is evil
10:53 the result of increased productivity is not that the people cannot purchase the products of their work. The price reduction is correlated with the increase in efficiency.
I really wish he is my professor. The way he explains things is so magnetic and very captive. It’s really hard to be distracted when he speaks.
Why won't people like Jordan Peterson or Ben Shapiro debate him?
because they're intellectual lightweights, and are stupid people's version of smart people. lol
Is there any evidence you can share that he's offered a debate. and I don't think I could restrain myself from murdering the c**********so maybe they just don't want to be in the same room with him
@@robward7542 Wolff has offered to debate JBP numerous times. Peterson even replied with a cowardly dodge and was so embarrassed he took down any videos that had the recording
Rob Ward you people always have the strong urge to kill anyone? Why is that?
@@robward7542 Are you so low intelligence you can't control yourself from killing someone you simply disagree with?
"I rest my case, this system sucks" I just had to laugh and I'm not even a Marxist.
I think this was the video that turned me from a Social Democrat into a Democratic Socialist.
Hey the Nazi party was a socialist party you’ve got something in common
@@Dead__pool6969 lol okay boomer
@@Dead__pool6969 lmao you are so fucking dumb. The “socialist” nazis killed socialist and communist. You needed to call yourself a socialist to get attention from the working class in pre-WWII Germany
@@jamesknik3753 okay so was the Nazi party not a socialist party?
@@Amadeus8484 nationalist socialist party aka the NAZI PARTY get some history in you kid. Democratic socialism is the front door for communism.
Great interview by Abby and also real information.
Why does Wolff say Capitalists had their "Eureka moment" to offshore production in the 1970's, when Lenin wrote "Imperialism, the highest stage of capitalism" in 1917?
Imperialism is referring to capitalist nations plundering resources of third world countries (think the scramble for Africa, Banana companies in Latin America). Moving production offshore is not imperialism
Because imperialism was in that time only of natural resources not of industrial production
@@toreadorjj5482 moving the industry is part of imperialism and first world countries have ways to ensure the global south keeps having low wages its just that in that time it was still very uncommon
@@toreadorjj5482 czcams.com/video/WnhYOvPvNEQ/video.html
Those are completely separate. Also, what kind of idiotic reach is it to pin imperialism on the idea of a free market system wherein goods/services are managed by a private sector? That kind of short sightedness probably helped informed his decision making when he picked Stalin as his right hand man.
Capitalists-it’s okay that there’s inequality and people are dying, it’s all about the economy!!
You are confused that happens under the all empowering State condition known as communism. The record speaks for itself.
@@robertthompson6066 i swear these idiots didnt pay any attention in history class
@@joc7196 I want freedom not free cheese..
And Socialism is all about "the people" they say, except they screw up the economy .. and the people ... and everything else .... LOL!!!!
Under communism 100x more people would die and/or starve
Marx asked the philosophical question...
What is the purpose of a society?
Who should it work for?
Who benefits from its tenets?
Who benefits from its structure?
Who doesn't?
5:56 From Diego Rivera's Detroit Industry murals at the Detroit Institute of Arts.
This guy knows his shit.
He sure does. Like all good Marxists he knows to avoid talking about INCENTIVE. That great motivator that drives humans to excel both individually and as a society. It is the key factor missing from Marxist doctrine and is why communism and socialism has never worked and never will work!
But but... Free shit
+Titus Assle so whats your solution? Let me guess, good vibes?
Jake Zeppelin . CUT 800,000,000 per month foreign aid....THEY are literally giving billions our Our money away to illegals and foreign countries. We need to stop that so we can provide healthcare OR college to these Looney socialist..... They think we can add it to our debt..... WELL I just found a way u sick fuks
Damn I need to get reading!
brilliant interview, great questions, just give prof. wolff all the time he needs to flesh out his expertise and arguments.
if cowboy capitalism, in it's never ending quest to exploit labor and resources, is allowed to drive universal economics. it will literally destroy the world that sustains us.
tomitstube but he is ignoring Keynesianism wich tamed capitalism but lost it after 40 years because the people were uneducated on the macroeconomic subject.
A typical Fortune 500 business makes a profit of less than 5%. Yeah, that's some real greedy exploitation.
Dennis M. Your statement does not incorporate to Global view/picture.
Thats the whole point, to destroy and consume everything... people have no clue that the FREE MASONIC OCCULTS behind every civilization, are actually the ISLMIC STATE! The ALL seeing EYE 🕋👨🏻🎓🎓👳🏻♀️
@@Dennis-nc3vw how much does that work out to exactly?
Name a country that has a stable economy, where everyone has money, food, clothing and a place to live?
That's the goal. Get a close to it as possible anyway.
At the same are people Happy and Enjoying themselves in process of achieving this goal and living their lives to the fullest?
He's a great speaker on top of the knowledge base
This video is evermore relevant today.
Yes it is.
indeed
It just won't fucking quit.
ya
I came here for the same reason
This....this is a Nobel peace prize of an interview..
@Milciades Castillo you don't agree 🤔
Capitalism always crash and bailout... while socialism stay on nice current flow..
Until millions of people die.
The problem I see with socialism is this: If only BENEVOLENT people ever ran positions of power, a version of socialism could work. If you were the president of a socialist country, perhaps it could work. But you and I will not be here in 100 years. And there will always come greedy and selfish people. And I don't mean those terms lightly. People that are willing to sacrifice the lives of many for their gain, or for their IDEA of what will work.
They too might forget that when they die, an evil person or people may seize an opportunity for power or gain after their time.
Add to this the possibility of a one world government and you have the recipe for mass slavery and a class of elites.
There are always more things to consider. Democracy is not perfect by a very long way but it is working and world poverty is predicted to be eradicated by 2030.
As far as I can tell it is all about the drive to produce and work. Dont think that the possibility of becoming extremely wealthy isn't a big motivator. I don't think anyone should be hungry or thirsty today but if the entire world was under socialist regimes then the divide could be much, much bigger.
UNICEF couldn't even travel by plane to third world countries if no one organised companies for airline travel.
@@matt414344 Do only benevolent people run positions of power under capitalist societies? Slavery and a class of elites is capitalism at its heart. You seem to be a little backward.
@Matthew Morgan What you don't seem to get is that socialism, at least in the sense Marx intended, IS democracy. Democratic principles extended into the economic sphere. When Marx talked about the workers controlling the means of production directly, that's exactly what he meant. Obviously that isn't what happened in the Soviet Union, but I would argue that had more to do with Lenin overthrowing a monarchy and then trying to lead a population of peasants who had no experience with self government, rather than having his revolution in a nation with preexisting democratic institutions like Germany or Great Britain. Marx probably would have told him that Russia wasn't ready.
Remember, Marxism isn't a specific system, but a critique of capitalism. Personally, I think worker-owned co-ops (like the Mondragon corporations in Spain) are far closer to what Marx envisioned, but he never specifically laid out what he thought should replace capitalism in the nuts and bolts sense. Maybe he meant to but died before he could, maybe he just felt that every group of workers could decide for their own damn selves how to organize their enterprises. I lean towards the latter.
But just like on Reading Rainbow, don't take my word for it. Read Capital for yourself. :-)
Look at the book shelf, hes got Project Censored's yearly book amazing.
With regards to the discussion of cronyism @18:00
I recently started reading Lenin's Imperialism (published in 1917) and Lenin wrote the following in the first chapter: "...the development of capitalism has arrived at a stage when, although commodity production still “reigns” and continues to be regarded as the basis of economic life, it has in reality been undermined and the bulk of the profits go to the “geniuses” of financial manipulation. At the basis of these manipulations and swindles lies socialised production; but the immense progress of mankind, which achieved this socialisation, goes to benefit . . . the speculators. We shall see later how “on these grounds” reactionary, petty-bourgeois critics of capitalist imperialism dream of going back to “free,” “peaceful” and “honest” competition."
In other words, even in 1917, apologists for capitalism were still marching out the same excuses that what they were observing was not "real" capitalism, but crony capitalism. Decade after decade they delude themselves into thinking that we just need to introduce some kind of legislative tweaks and then the system will function "correctly" again. Maybe there was a time when the apologists could praise of capitalism without reservation, but now they're so ideologically weak that their strongest argument is "umm well it has a lot of problems but if you try to change things, it could be even worse!"
You're not a capitalist unless you have the capital to buy a politician
Or to buy an election. Eg: Clinton. And billionaire Bloomberg is trying to do it this time around.
Hello! Did nobody play Monopoly as a kid? How can the potential ill effects of capitalism be a surprise to anyone living under this system?
Your using a board game as a frame of refrence for real life solutions?
@@joc7196The history of Monopoly can be traced back to 1903,[1][4] when American anti-monopolist Lizzie Magie created a game which she hoped would explain the single tax theory of Henry George. It was intended as an educational tool to illustrate the negative aspects of concentrating land in private monopolies.
@@alisonmcgillivray8008 wow never knew this... You know youtube comments are a great way to learn
@@joc7196 Yes?
Because it illustrates the problem with the entire system, in only a couple of minutes.
when the game ends, one person owns everything, and everyone else is in debt.
Capitalism's end game.
@@antediluvianatheist5262 goverment owns everything
One thing stands out to me. He says that the ideal situation is where the workers control the business and have all the say in the business decisions.
So what's stopping anyone from starting up a business that works like that?
When people control your surplus, they usually don't let you take it for yourself
Very few people that have an ability to start a business and actually start it don't care about money, the few people that do, end up failing as they have to tread their employees fairly, and can't do whatever they want so that the business will bring as much surplus, so they end up being outcompeted by other businesses
Crony capitalism is in the way
I have had the opportunity to live in both systems and both have good and bad ideas. My opinion is that GREED is the biggest reason why both systems are not well functional
"I wrote the damn bill!!"
Bernie Sanders - DNC 2019
This video that made everything click for me.
American capitalism has lasted 250 years and going strong. Name a socialist country that lasted more than 80 years with out utter collapse and mass murder to boot. America is NOT perfect but it is way better than any other system..capitalism is the best even with its flaws.
@@bobknight33 if by "going strong" you mean it STILL can't address massive amounts of homeless people along with homeless veterans even though it has all the resources to do so.
@@bobknight33 wow capitalism has never killed massive amounts of people needlessly! War on Terror who? Yemeni Civil War what? wwii who? I don't know her!!!!
The idea that our current economic system is substantially the same "capitalism" as 250 years ago is completely detached from material reality. What we have now has not existed for more than a few decades. Thomas Jefferson would not even recognize what we call money now. For that matter, neither would Eisenhower. And it's not going strong. In all its forms, it's marked by fairly regular and increasingly severe crashes that threaten the system's very existence, requiring ever more massive public bailouts just to survive. In fact, private profit absolutely depends on many massive "free gifts" at public expense. Whenever the "capitalist" countries need to solve a serious problem, like winning a world war or implementing a modern transportation infrastructure, they resort immediately to socialist measures, which work just fine. But there is so much propaganda saying socialism doesn't work that people just brainlessly repeat it, as if it was the free market that beat the Axis powers, or paved the freeways, or brought electric service to rural areas, or invented the internet we're using right now. What capitalism is great at doing is shifting control of society's productive resources from the many to the few, and it is going strong in that sense. Lastly, even if the present system were a roaring success these last 250 years, the same could have been said of feudalism, even more so in fact, and yet we don't take that as a valid argument in favor of rule by the divine right of a hereditary nobility. The same could also have been said of slavery, look at all the great achievements it gave us for so many centuries, and yet we somehow recognize that buying and selling human beings as chattel is wrong, and we feel that we must do better. So even if our current system were as great and venerable as its apologists say it is (and it's not even close), we'd be morally compelled to critique its shortcomings and seek a more just and equitable way.
TheFallorn
Learn economics it'll make things connect even better.
my understanding is that Adam Smith and Marx shared one critique of Capitalism which is the disenfranchisement of the worker by doing work that is not fulfilling
Wolff is brilliant and Abby is a brilliant interviewer and absolutely stunning to boot
Something that really makes my blood boil is millionaires, imagine having enough money that you could only use a small percentage in your life and just hoarding the rest. Imagine seeing a homeless person and knowing full well you could fund their entire life without any impact to yourself and making a conscient decision to not do it. Things like this only exist under a capitalist system. Homelessness itself is also byproduct of capitalism and yet it’s the apparently person’s fault that they are homeless
No kidding. And how much more does your blood boil at the thought of billionaires? You could take just the top 20 billionaires in the world and they could take a fraction of their money and end world poverty, hunger and homelessness at a minimum without the slightest change to their lifestyle, but they choose not to do it.
The problem with your position is that our constitution says that the federal government was never meant to manage all these social programs. It states that the federal government exists to protect the American people from foreign and domestic threats. That's all. This is supposed to be a free market without much regulation from the federal government. Taking private property (our money) from one American and giving it to another is theft even if it is meant to do good like giving it to a homeless person. Moreover, it is because of so much government regulation we many of the problems in our society. We can thank the Hoover and Roosevelt administrations for starting socialism in the US. The founding fathers knew what they were doing and knew full well that governments become tyrannical. They wanted to stay away from democracy which always becomes corrupt. That's why we were founded as a republic. Mob rule is what happens with a democracy. The rule of law prevails in a republic.
The US is at the same time Capitalist, Socialist and Fascist. All real power has been controlled by a handful of families while everybody else is pointing the finger at each other to blame. Those in power design the system to keep them in power and everybody else out. The reason that social issues don't get resolved is that they don't want them resolved. In one year, homelessness can be eradicated.
@@scottpelletier7154 LMAO shut the fuck up
@@scottpelletier7154 and if those who make the laws are corrupt?
He explained it clearly, i wish all my teachers are like that
He explained what exactly? Ideology, subjective view on economy, left-wing revolution agenda? Isn't the school and teachers aim to let you create your own opinions instead of becoming one sided extremists? Too bad they didn't teach you at school what happened in USSR, Communist China and other marxist based states. The deaths from famine and opression Stalin's Russia and Maoist China are counted in hundreds of millions. Capitalism has it's faults but socialism isn't the cure for them. It's rather a mass suicide.
He explained a lot of things but left out critical details:
- he made shareholders seem to not deserve dividends whereas in reality they are the people investing in the business when nobody believes in it. where would businesses be made if nobody would put their money at risk to fund the research, planning and all activities which create that factory and what it builds?
- he explained workers being shareholders but left out a critical part of any system: that the state intervenes and props up every bit of it. communist states by definition have to use violence to ensure all resources are "shared" which inevitably means the people in government have the keys to all the wealth - regardless of their merit or ability to manage it. this is what the commenter above means by mass suicide since in most of these states, this systemic corruption of government promotes idiots in high places and ends up in a huge mafia
- feudalism was capitalist and had slaves. to present slavery as a system before feudalism and capitalism is kinda nonsensical.
There's definitely merit in the pursuit of ideas to quell croney capitalism and wealth accumulation and ecology but going back to communism is not a solution. The main problem nowadays with USA is government being too big, freedoms being restricted and people being mesmerized by mass-media and clowns/distractions like trump and obama while critical topics like infrastructure and ecology are "unsexy" because some nobody news presenters say so. The only real solution is education.
@@postblitz Can I ask you something?
What major points or ideas described in the interview that impressed you?
@@blazejeczek8710 first of all I’m not even gonna get into the propaganda you pulled straight out of the black book of communism which btw was proven to be fabricated their own authors admitted they pulled numbers out of nowhere,look at us imperialism ,since 1912 we have invaded other countries and plundered their elections resources and people .1912 nicuaragua ,Cubs before 1957 ,Greece in the 70s ,supporting dictators like Pinochet .The us empire has killed MILLIONS through its imperialism which is a byproduct of the capitalism we have today
@@dialectic5361 man, in history books that we used in school you can probably count hundreds of thousands killed from USSR oppression. And it is only Poles, so don't say about some "dark side of communism" book that I don't even know. Many of these numbers are arbitrary, but denying them is just like denying Holocaust.
Wolff's talk of how the success of a system, capitalism for instance, tends to hasten its own demise makes me think of a horse and its rider. With the rider being the owner class and the horse being the working class, a rider can only run a horse so long and so far before the horse reaches its limit. The rider can then whip the horse and dig in their spurs to get as many extra miles out of the horse as they can, but, eventually and inevitably, one of two things is guaranteed to happen: either the horse dies or it throws the rider off. Either way, the rider winds up on the ground. One certainly doesn't have to be an economist or a philosopher to predict this.
Wow, dude, your comment is interesting because Marx himself once compares the working class to a horse. He writes in his Paris Manuscripts:
“Political Economy regards the proletarian like a horse, he must receive enough to enable him to work. It does not consider him, during the time when he is not working, as a human being.
Very smart guy. Explains things very well. Thank you for this video. I always was against capitalism, but I have difficulties explaining why it doesn't work and this video helps put into words what I was thinking all along. Communism or socialism might not work either, but the system we live in is terrible and that people don't seem to see it makes me sad.
You should look into cooperatives, Wolff has many lectures on them. They are a step in-between capitalism and socialism that fixes a lot of capitalism's problems without having the problems of socialism.
Agreed!
It's because of the socialist concept that is killing the economies. Not capitalism. Guys like you don't understand the fundamental bases of capitalism so you cling to a system to try and fix problem you quite literally have no business trying to fix or issues you don't understand what the true problem is in the first place.
@@bruhsoundeffect787 none of the isms work!
@@laepoca111 interesting opinion
I keep seeing people describe Marxism and Socialism as inherently bad and I never understood why, especially when Capitalism is clearly not working for the majority of earths population. This video was very informative.
When I was in high school a while back we were talking about the fight against communism in the U.S. and the barbaric ways it was fought in the 1920's, then the Cold War. I asked why we kept fighting communism and my teacher didnt answer my question. I was confused because he had never done that, and was a really rational and even liberal person. I can only assume that the education system right now will really come down on teachers who treat communism as a real thing, rather than "outright evil by nature."
watch Mr. Jones. Socialism has never worked. Look how it destroyed Venezuela. You probably have no idea what people are going or went through there. Just imagine if during a heat wave there was no power, no electricity, (no fan) (no repellents) (No water) (The "food" in your freezer rots) Capitalism, the only system that works needs to be improved.
@@lucioagelvis2134 You assume I haven't experienced that situation, which is very presumptuous of you.
The situation in Venezuela is bourne out of greed. What I'm trying to understand is why socialism and Marxism isn't investigated for their merits instead of it being labelled bad because dictators use them to mask their totalitarian regimes.
I also disagree that capitalism is the saviour, when it has been the driving force of imperialism which has decimated countries like Venezuela.
@@MarissaRissaRaa Greed will be the result of socialism because there is no accountability. Socialism is not much different than Feudalism or a Monarchy- Socialism breeds corruption-it is inherent to this system. I could go on. Simply type "Cavidi" or "CLAP" (Venezuela) . Simply because I don't like you I won't give you funds. There is no meritocracy- only cronies/ buddies benefit. Capitalism of course needs to be improved by much- but socialism is surely not the answer. (and Scandinavian countries are not socialist-) Maybe a pragmatic Communist Vietnamese, Chinese communist style could work-not sure in Western democracies. (They have a confucianist ethic/ respect for elders and authority and are more adept at following orders from the top. (and in China like Jack MA you need guanxi (connections-) You cannot simply become Jeff Bezos- Isaac Singer, Daymond John, Robert L. Johnson, Ernest Garcia, Min Kao, etc in China.
Just google Russia Marxism history. Look up the history they don't teach in American schools ...for a odd reason. Just watch am interview with anyone who survived a communist system and they will always tell horror stories. Imagine we had that same government but Donald Trump got to decide how much food you get to eat. The answer is somewhere inbetween it's in a future concept not yet though of. Instead of listening to the older generation push their failed ideas and their failed political scale we should create something new. But instead of putting our minds together to do that we are too busy hating each other....also a big precursor for any communist society
rip comment section.
Zevixx it's an utter shitfest. CZcams at its finest.
It's fucking glorious. Let yourself peruse it without expectations and be delighted by how incredibly, amazingly _fucked up_ it is. You could almost make a fetish out of this stuff.
Moment of silence for the comments 🙏
* sprays comment freshener *
thank you, again, for the great video discussions.
I would have liked to hear more about automation
I'm the biggest anti communist I've ever met and holy shit, this dude has a very valid point.
Uh oh...
Consider, that you may be so anti communist because of the system we live in and the propaganda we are exposed to.
Polyushka Polye Intensifies.
SO IS TIME TO ADMIT s9ocialism is the only way out
Very mature but keep your open and critical mind. This will help our movement greater than a usual marxist. there are flaws in every theory.
I am stunned by your greatness. i never archived such a mind change.
Sure buddy
The kind of government that works best is individual volunteerism. Any collective that is not based on this is doomed. We need a bill of rights and define a code of criminal behaviour. An elected police department to enforce the rule of law. Elected judges should be court clerks and juries should decide what is justice. We need to limit the legal status of the corporation to a smaller size and in the public interest. Sole proprietor or limited partnerships should take the corporations place in commerce.
ToIsleOfView
Agreed
Hello from Austria. I would like to translate this interview to German to share here in my country. Is there a transcript of this interview in it's entirety that I may have please? It would save a lot of time and be much easier. Thanks!
You got capitalism in Liechtenstein Swizland in US you got corporatism with heavly regulated market and opresive laws and high taxes on poor people.
Eye opening and enlightening! Dr Richard Wolff explains to us in simple terms how to look at our society!! Wonderful!!
Dwayne Munar good next step is to check up Keynesianism
This interview is eye-opening. I was watching it 1 year ago and do it again to remind me of certain things i want to share :)
Can I ask something?
Did the interview change your mind about any aspect of Marxism that it presents? What information, argument or persuasive technique caused you to change your mind?
I'm here after listening to Lysander Spooner No Treason audible highly recommend
When I saw that you were having Dr. Wolff on I nearly lost it.
You're both heroes.
I do. It makes me giddy every time I see the upload.
+Luther Beckett Wolff eats sheeple!
"Democratize the Enterprise". Worker owned enterprises with a merit based system, selling products in a market where consumers choose the qualities they like at a price they like, and the workers work out a fair pay scale, each earning at least enough to buy the goods they need and more if they put in greater effort or innovative ideas that propel the Enterprise higher. Factories stay in communities, good pay, trickle up happens, schools, roads, bridges, water systems, etc. get improvement funding. What Richard Wolff is saying makes good sense to me! What a country doesn't either produce or produce well can always be traded for from worker owned enterprises elsewhere. Sounds like a better future is on the horizon!
Yesssss
@@6u66akush In pure Communism that might be possible in the "utopian" phase when collectives of workers gather to form cooperative enterprises, but whether or not central planning dictates what to make, how much to make, at that late stage I'm not sure. Under Soviet "communism" they did allow for small market gardens and the selling of produce etc. In a mixed social democracy, ideally citizens could gather or act individually to start worker owned businesses with capital and resource help from the government, and the state does those things which operate best as government functions. So the essential services, such as schools, roads, mail delivery, hospitals, and so forth remain social enterprises. But making autos, parts, materials, farming, wood working, and more can be worker owned enterprises, a democracy of the workplaces. Since we live in a built environment, it makes more sense to make current businesses worker owned by gradual transition, and if worker owned enterprises wish to sell some shares of stock, bonds, and so forth they can, as long as they retain control of their businesses. In this I'm referring to big businesses, not mom and pop stores or family farms, since these are already essentially worker owned.
@M33ble If your comment is in reference to the Soviet experiment in communism, albeit under strong man rule, there was a "togetherness", or a general cultural motivation for collective success, much as teams of athletes drive to succeed not for pay or individual accolades, but for team success through shared efforts, but then there is a coach or coaches motivating them as well along the way. Thus the modern problem of the Russian bear as a conditioning over time, accustomed to directors motivating and saving on behalf of the bear for its future. What motivates? An ethical mind that sees in the other citizens a mirror of himself, and wants to do good to see success reflected in the lives of other. Still others, willing to do the bare minimum, were motivated by fear or correction, as if certain expectations were not met, one could be sent off to reeducation boot camp. And most people just do their job if they go to a place if work, whereupon completion of the work they get paid. Measures of quality, efficiency, overall productivity can motivate by a reward system, whether that enterprise be state owned or privately help or held in a collective trust by the workers. But in the Soviet system at least as far as I was taught by a prof who studied the USSR a bit, it was largely a top down quota system of dictating what to make and how much to make from Central planning committees and subcommittees, so the real needs were either over or under met, there wasn't an adequate feedback loop to tailor production of goods and services to meet demands and desires of consumers, and without more economic motivation to produce enough of the desirable goods, citizens were often left with overstocked items and understocked items, shortages and long lines for necessities.
@M33ble In a worker owned system, just like with regular corporations, but instead the workers own the company. A square deal all around!
I am all pro co op style ownership.
But reality is that collective decisions will not satisfy everyone, won't be in line with market demand, and the shareholding will inevitably will be concentrated in a hands of those that will retain control of majority of decisions and influenced by lobbying interests.
Is every worker gets the same amount of shares, or is there some that are more equal the others ?
Civil Service. Administration and state owned companies are the most ineffective, inefficient, most resource consuming organizations totaly devoured by cronyism and nepotism culture with very little social mobility opportunities.
These state organisations, are relying on private enterprises and contractors to actually deliver on their fiduciary duty and obligations.
So that bullshit argument that Soviet style self governance will deliver sustainable economy is bullshit
It's all about the government bailing out corporations every time they're in big trouble. Gov adds more to the great debt.
This is Late Stage Leftism.
Bail outs are the exact opposite from capitalism.
@@jpslobster7599 exactly I'm a capitalist
crony capitalism = capitalism
It was studied but I didn't graduate on political science, I didn't graduate on economy, but I'm Cuban, I was send to Venezuela as part of health professionals exchange and I live there and I'm 100 % convinced socialism will never ever bring nothing good.
Ernesto Rodriguez M. Do you think economic sanctions and US imperialism had anything to do with that?
@@danilthorstensson8902 hey 👋, 1st of all pardon my grammar. Yes that is a common question when talking about Cuban economy and it is a subject I have heard both sides point and I humbly give you my conclusions: the embargo is the dictatorship favorite excuse for all their failures, they have used for years to justify to us the common people and to world why are things so bad there. How mush of it is real ?? It would be to absolute to say it hasn't affected Cuba but not as mush as they say, see cuban dictators love to play victime to win favorable opinions, but at the same time there has been found multiple bank accounts of this elite Marxist-socialist leaders all over the world with millions on it, so is the problem the "evil empire" or is it the royal corruption of this unelected dictators ? Just to give you an idea for the last 8 years the biggest import export of food and medical supplies in Cuba has been the USA (they won't tell you that in the media of course) so how strong is this embargo ?? Last but not least to give you an idea of how bad this socialist leaders have destroy our country while living like capitalist CEOs themselves. Obama was fun of cuba remember ?? When he travels there he brought more than 35 difrent economic proposals ready to be implemented and more than a hundred millions ready to be invested in a huge effort to build new economic and commercial relationships with the island and guess what they did ?? They say it was a capitalistic trap trying to buy our Marxist principles and deny them all, all of them. While at the same time keep stealing amd plunder directly from their own people. About my years in Venezuela is basically the same but with biggest numbers cos Venezuela is very very rich and full of natural resources and thanks to socialism one can't even find toilet paper nowadays. So no my friend embargo is not the omnipotent justification for everything wrong there. There was virtually no embargo at the beginning of the Revolution and it was of for many years in the Obama administration and no improvement was seen in the country during those years quite the opposite. So.... Hope I help you understand a bit more about this subject. And please be very very skeptical towards socialism, yes there are things to fix in the USA but no, socilism is never ever a good option.
Venezuela has the biggest oil reserves in the world. Their government listened to something like this and thought: Wow, isn't that smart? Let's try it! Now they have empty shelves and folks hunting for pigeons.
Other places where socialism / communism have been tried in various forms by the brilliant academics, with fabulous results are: Soviet Union, North Korea, China, Romania, Bulgaria, East Germany, Hungary, Yugoslavia, Poland, Vietnam, Cambodia... and the list contains tens of other nations. Did it work anywhere? No, but luckily the smart professor can enjoy his university salary and plenty of goods in the store from the capitalist society he criticizes.
And they've all had the #1 economic power blocking their path at every turn. In spite of that it has taken decades for their economies to falter. It took massive funding from the US to juntas to destroy socialism in Latin America. In this case, the history of socialism has to be viewed in this light.
+GaNome You gotta be kidding! So you think North Korea is not booming because US is preventing them to develop. Or Cuba and all on the list. (Which doesn't prevent Switzerland, Norway or Singapore to get by nicely.) As for the decades it took to the collapse, how's this for a theory: they only resist as long as they have what wealth to destroy from previous regimes. A small communist community fails quickly. If it wasn't for the war, Soviet Union would have crumbled in two decades, as it finished what Tsarist Russia left. instead, they lived another five decades from robbing the Eastern countries and the territories captured in the war. China was faced with general famine less than two decades after, during Mao. Than Deng Xiao Ping abandoned most of communist economics to keep just the dictatorial role of the party clique.
I love it how those people think. Well, communism didn't work anywhere in the world, because they were doing it wrong! We will succeed! We can make it work and it doesn't matter how many millions die (again) in the process.
Lets see the US develop while the rest of the world blockades it. Ok genius?!
Communism is inevitable, capitalism will make sure of it!
Countries you listed were state capitalist. The USSR was, Nth Korea is fascism disguised as communism to fool stupid lemmings like you!
Communism is stateless.
The whole world is capitalist yet 2/3 of the planet's population are poor! FAIL!!
Around 1913, Capitalism died on a fateful day in Jekyll Island, Georgia.
The fed awakens
Nicholas Joost , Capitalism did NOT died , it is still here even better and stronger than before . Socialism / communism DIED in 1989 whit "collapse of Berlin wall ". there are still some remains of socialism , like CUBA where worker makes $ 30 / a month a " good salary " . Educate yourself . Who brainwashed you ??
+martinko40 in all honesty, you need to study the federal reserve bank. You'll see why past presidents such as Andrew Jackson fought like hell to keep central banking out of this country. Our economy is controlled and manipulated by a select few.
There is nothing wrong with centralised banking.. the problem is unregulated private banks..
The problem is libertarians, ie ex Fed chair Alan Greenspan who deregulated the banks (ie allowing too-big-to-fail mergers) and got rid of Glass Steagall (banking regulations from the 30s that made firewalls between savings and derivatives speculation) plus tax cuts for the corp and banker lobby that libertarians represent.
Banks should be owned by The People and be open, democratically accountable and not for profit instead.. acting as a necessary supplier of money for exchanges.
Not run by anyone who has any links to the private banking sector.
Private banks need to be closed down with confiscation of obscene wealth to stop such funding scams from undermine democratically ageed and sensible/ sustainable public banking institutions
Nicholas Joost , ...... Yes , ONLY selected few can control and manage/ 'manipulate " our economy . Sorry , you was not selected . Next time, please run for president or at least manager in Mc Donald .
It's rare he explains his point well. Happy I've found an interview where Richard is clear and easy to understand for once. ♥
The Wolff of Marx Street
there are 9 tributaries feeding the watershed of life: air / water / food / health / home / school / jobs / safety / security.....every effort should be made to see that these are available to all....
@ls7orBust2 and then they say that right wingers are more compassionate. Lol
@ls7orBust2 Can you sell yourself in ancapistan and become a property?
@ls7orBust2 wow thats messed up
@ls7orBust2 No I meant selling yourself as a whole like becoming a slave
Wow, this is powerful
It takes me an hour to watch 30 minute videos like these... 😔
Hey at least you're finishing, that's ok if it takes a little longer
you can up the speed in the settings, if that'll help
Yet another failure of capitalism...
What happened at 21:57 ?? The video skips and a chunk of the interview is missing.