Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
@@harrisonmichael9636 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Sir Lucas S.Chamberlain last year at a startup funding event in Washington DC.
I've just retired recently and I must say I found this video informative and great to review. These psychological concepts are much more useful for individuals attempting to avoid mistakes than I realized when I was first introduced to them. This is probably why Warren Buffett talks so much about temperament being crucial to his investing success.
Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@lipglosskitten2610 The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
As a Communist, I took a rather perverse pleasure in visiting McCarthy's grave, standing upon it next to his headstone. Nice plot though, good view of the river.
@@Amadeus8484 I think the reanimation of McCarthyism by both sides of the aisle so they can hurl it at the guy across the aisle, will almost definitely sound like a pancake when it hits the floor. Plop. Then we can all take turns walking on it with our boots, stamping on that McCarthyite pancake forever.
@@Amadeus8484 Not sure what that's referencing in this context. I just know that for most regular humans on planet America, the political pageantry has decayed to a level of acting below third graders lying about masturbating.
When i entered the job market in the 60's there were 20 or 30 pages of help wanted listings in the Sunday papers, now there are two. back then you could support a family with a single income, it wasn't easy but it could be done, now it takes at least two full time incomes and perhaps som,e part time work as well. Corporations are making money hands over fist and the working people get NOTHING for decades. We should go back to the good old days of Eisenhower when we had rising standards of living that were possible because we did not just give the wealthy anything they want and pay for it by crucifying the workers and their families.
In the 80's my farther was the only one that worked, and was able to support the household, now I make the same, or less if you add in inflation, than I did in 90's.
It wasn't Karl Marx who explained what you describe, it was Henry George - it's land monopoly that causes wealth to concentrate, its nothing to do with capital.
@@kirstinstrand6292 Indeed. So it's time for all the youtube armchair experts get up and grow a pair of balls like the French and actually make change happen. Too much hot air in these exchanges, but none of you have the balls to take the initiative. How many of you have a podcast and sit in front of a camera? People like Jimmy Dore has started something important. If average middle class hard working Americans don't want to be raped by their own government and the lobby, perhaps it's time to wake up in the USA. It looks like the United States of Hypocrisy, and most just sit there......
@@shanedurcan2805 our experimental government was supposed to be of, for, and, by All the People. hard to believe when it was founded by the male people, of the christian people, for the white people. it's a long hard road back from that shit. but you're right - now, we have a better www.ay. (almost funny to watch the skert rich jackals still tryna use old school, mein kampf propaganda like i ain't got google) "they who have put out the Peoples' eyes, reproach them of their blindness" Bezos and the boys are some sickass bastards. their greed is pathological. how could you grab that much $ and watch your brothers and sisters suffer while the whole damn country, nay, the world goes down the toilet? oh, yea, they ain't got no friends now do they? anyway, they want us to get in the street so they can pick us off. uh, No. ain't gonna play your game. you gonna play ours. we know what you cherish. that's the thing about criminals - they're dumb. they think crime pays. and they just can't slide us off a fair deal. we humans require food, water, shelter, health, and a job that pays me a little more than just enough to get back to work tomorrow. it starts with health. if you don't have good health, you have nothing. and food is the first medicine. this spring, i think we should start with food boycotts. don't buy any of their nasty factory eggs for a month. bet you can find local good eggs if you need em. or get you a few layers. then, don't buy any nasty yellow chickens for a month. remember yummy pinkmeat yardbirds that you don't have to overspice. so plan ahead. start filling your freezers a little at a time over the next coupla months with birds, beef, and, bacon because those poor piggy factories and beef feedlots got to go. support your local producers or put in a little victory garden. even if you live in a small place, you can plant a pot with 'cherry 100' tomatoes or a bucket of potatoes. and can we please boycott sody pops for a month(forever)? you know you want to. you know that's why we're fat. that'll get their attention! and this healthcare situation is already in triple overtime, doncha think? every unhoused person i know (9 of my friends), is because of health problems. if you fall ill or have an injury, you lose your job, you're done for. tying healthcare to a job is a dirty trick. we already have a medicaid/medicare system. we have healthcaredotgov and all they gotta do is send a card to anyone who requests one. then maybe they can manage to fix the supply side. ya know, like all the other shithole countries do. then the insurance corp(ses) can go pound sand. the thing to remember about healthcare is that there will never be enough money for everyone to have all they want, but we can help everyone with what they need. what would it be like if healthcare providers got to practice medicine instead of insurance. when someone needs help, you give it to them period. so everyone that can should go make a M4A sign, put on your yellow vest and go hang out around all medical centers (if you can find one open) all across the country all day everyday until they do it. if you're in a wheelchair or one of those wheeled beds, roll out! take your crutches, canes, and iv poles. do it in shifts. if you're a healthy youngun, take your phone and go hold a sign for your mama or uncle for a few hours a week, could you please? this should be an easy and huge Victory for us. we need it now. when we get good food and healthcare, we will have the energy and confidence to begin to tackle the big problems we face. i'm sick of hating my sisters and brothers. i'm sick of killing and bombing innocents in my name. i want to be proud to pitch in my taxes to make a good world where children on the other side of our beautiful blue orb aren't scared of blue skies. i'm sick of watching the weather change and i want polar bears in my world and whales in the oceans. everyone's life is precious because we are all threads of the warp and weave of the fabric of this Life on Mother Earth. Peace
Today in US Citizenship Application form, they asked if I belong to any Communist Party as if something that is bad. So I youtube it and got to this channel. Thanks almighty God
Reforms are created by capitalists and the wealthy. The wealth capitalists created results in reduced working hours and better working conditions. While the USSR and Nazis were killing people unless they worked.
@@freetrailer4poor The capitalist classes and the wealthy fully understand that most, if not all social reforms they create contain within them the seeds of their own class' destruction.
Thank you Professor! I live in a blood red state where poor people defend the wealthy right wing tooth and nail, clueless that they are not of their interest. Prof Wolff is brilliant at trying to teach these people the truth in layman's terms.
Now we've got these rich bastards fighting to block the student debt cancellation. Can't have poor people actually lifted out of poverty! Got to keep austerity dialed up to the max. If you're not living paycheck to paycheck, they're not happy.
Well said by Mr. WOLFF. The S and L rip off of 600 billion tax dollars in the 1980s by bank crooks like Keating of Lincoln savings is a good example gov and big money corruption. This big money corruption also corrupts labor unions to the detriment of workers.
I love this guy, I get so pissed off listening to him call it the way it is, I have to go to the gym to work out. Righteous Indignation! Thank you Dr. Wolff, for motivating me to be a better person, you’re deserve a Medal of Honor in Economics. Sanders Wolff 2020!
My Grandfather was a steel worker union supporter and leader who got caught up in the McCarthy era purge. He eventually cleared himself of the accusations. It is was an embarrassment to my father who considered himself an American patriot whose middle name was Delano. Now I understand much better the history of America but also of my family. Thank you Dr Wolff for the lesson.
There is nothing natural about economics, it is entirely a human construct. Economics = Ideology. It may be worth while keeping that in mind as you learn.
@@jeffsingleton88: ??? Assuming your post was correctly directed; 1) It's a 100% straw man, I did not say nor imply anything about Marxism and 2) do tell us about the part of economics that is not a human construct
WOw! I never knew that we owe it to the Communists to have a Social Security payment system, a Minimum Wage etc etc. I'm completely surprised by this because this is never even mentioned in school or College. Thank you for Re-Educating us Dr. Wolff!
we don't need a commie government to enact min wage laws and a social security system that we the working class invested in via their promises to get it back after a certain aged but that is just a pyramid scheme scam i could have invsted the money better myself
WOW!! For me this episode is THE most powerful one I've seen so far. That says a lot because I pretty much set my calendar for Mondays when Dr Wolff brings this fantastic program to CZcams. THANK YOU DR WOLFF!!! YOU ARE MOST DEFINITELY A HERO!! 👏👏👏👏👏❤❤❤❤❤
I'm not kidding when i say, your videos should be shown to US middle school kids as part of their social education, to learn about the world around them in regards to politics. You've got a voice for it too btw, 👍-up.
I finally see the whole picture. It was awful living during these years. I never knew how to communicate with those who were conservatives, and those who bought the propaganda. It's almost funny that now the phrase- Why do you hate America? is more appropriately used against those who whether knowingly or not used to use it against us. You've given us confidence through knowledge. Why no one else (or at least too few) has shared their knowledge of history on this subject is a mystery.
G Kuljian If I've asked you this before please forgive me, lately I've been recommending a 4-part documentary series that's offered free online called 'Plutocracy' Parts 1-4. My favorites are part 2-3, but the whole series really delves into much of our history that has been hidden from us for the past couple of generations. I also learned quite a bit from the 1979 documentary titled 'The Wobblies.' It was available here on YT last I checked. But if for any reason anyone can't find it I have a copy that I would gladly share. You'd probably agree that we need to rapidly educate and organize in the US. And that's why I'm glad to recommend and share information. It's the least I can do considering I spent the last couple of decades as just another ignorant wage worker - basically helping to perpetuate this dysfunctional and exploitative system. I don't know if I can ever make up for that, but I will try!
"Why no one else (or at least too few) has shared their knowledge of history on this subject is a mystery." There's a very credible case for 'state education' being the most valuable tool available to the world's elites, the 'establishment'. Some thinkers may suggest that it is the media - the means of manufacturing spin, and propaganda. But, for the media to fulfil their usefulness, their audience must be inhibited in their ability to defend themselves, intellectually, from this onslaught - hence, the very limited content on Economics, Philosophy & Ethics, (useful) History, and Politics itself. What content there is, is often very dumbed down, or skewed to a certain bias. It's a niche area, but there is quite a large body of work on this area - stemming back to Marx himself, latterly Paulo Freire (very well known across South America, less so across 'the West'); and perhaps more mainstream Noam Chomsky - various contributions on 'Education', and this ties in well with 'Manufacturing Consent'. The difficult with the 'Education' issue - it's self perpetuating - those that teach have gone through the 'conformity' process themselves; and schools within Higher Education have largely not being able to dodge the Neo Liberal bullet - the commercialisation of Universities a key issue; often seeing those of a less ethical character finding it easier to climb the promotions ladder than those that might risk 'rocking the boat' ... Course content, another key problem - in Wolff's own discipline, Economics, it's become the norm for Economics schools to simply ignore the work of Marx, and instead focus on the 'accepted norms' - Neo Liberal Economics, the various Capitalist schools of thought and so on ..... which, in light of Marx (and Engels) being the most important contributor(s) to Economics (and other areas), is an utter absurdity. Recommended reading: Paulo Freire - Pedagogy of the Oppressed Chomsky - Manufacturing Consent, + the various works/lectures on 'Education' It's also worth comparing the common (education) standards across the West with the world's current leading Ed. system - that of Finland - little formality in schools, no Private Sector ed., very few exams ... There are a number of very good lectures on the 'Finnish Model' here on YT - well worth watching. + For those that might like to consider 'History' beyond the mainstream narratives - Michael Parenti's various lectures are extremely interesting. e.g. 'the real causes of World War 2', 'the functions of Fascism' .. - many also here on YT. Hopefully, food for thought :-)
The knowledge was always available but people were too distracted by the MSM. I saw the Crucible by Arthur Miller when I was 12 yo . It did not too long to learn it was an allegory of McCarthism.
I have a 1946 edition of Compton's Encyclopedia printed during the wartime Soviet alliance. With its positive articles compared with the damnation that came later, it's a valuable artifact part of showing how propaganda can be turned first in one direction, and with the Cold War, in another.
@One Of Those Guys *_Nope!_* I said *_illegal_* and I ment *_illegal._* *_Illegal_* as in you will be summarily interned & executed for not surrendering what is declared public property-- this includes the food you've hidden for you child.😐 *_Your euphemisms for dictatorship only works on college freshman😉_*
@One Of Those Guys 2nd If America is a mixed economy (and it is) all your protest are moot. What you are arguing for is a Dictatorship similar to the dictatorships of Venezuela. *_😬How's that working out for them?_*
Me too. I'm trying to figure out how to wake up out of this military-grade, social engineering, multi-decade long, propaganda induced, history-cherry-picked, stupor, that has obviously been effective at many levels, in suppressing the basic narrative of the US citizens' common good. And so many US citizens go around speaking as if propaganda only exists in other places... sigh.
I went to Montessori school in Canada from grade 3 through 7 & we were taught about Capitalism, Communism & Socialism from a neutral p.o.v, & on equal terms; equal time was given to each, with complete impartiality. They taught us the primary features of each, +ve, -ve & simply matter of fact; then we were encouraged & guided to do our own Projects, entirely self-designed & -directed, to better understand the subjects for ourselves, using Montessori's myriad 'materials' as they're called. ('Materials' are various visual & kinæsthetic *aides memoir* that help the young mind truly comprehend important concepts: like the giant rectangular checkerboard & beads you use for multiplication of huge numbers - essentially by physically moving beads around as you learn how to do long multiplication - so u can literally SEE how it works! Montessori fkin ROX!) I naturally assumed that everyone else had had the access to the same type & quality of education as I had (what kid wouldn't?) - especially because I was a year ahead anyway (I started grade 8 - High school - aged 12y 3m); at least in Canada I was... Although even when I started school aged 5 in England, I already had a reading age of 10 - I actually cannot remember a time when I was unable to read; my mother taught me long before I started school, as had her mother, & HER mother before that! And I even got my 2yo nephew up & running reading 'cat' & 'dog' from his alphabet flashcards - without ever showing him the pictures on reverse - something my sister had never considered trying! Took me 10 mins, if that! I remember being very surprised, & puzzled, after leaving Montessori & attending one of Vancouver's specialized & highly competitive 'mini-schools' (300 applicants for 30 places per year; but I do have an IQ of 155), for Grade 8 & half of 9, when fortune sent me back to England for the rest of grades 9 through 13 (yes, in UK at age 5 you start year 1; year 2 aged 6; y3 @ 7 etc, etc, rather then K @5, 1 @6 etc...) ... to learn that, No, apparently most other ppl hadn't had the benefits of my education! (Which, let me stress, was 100% FREE; the Montessoris & mini-schools in Canada are all state schools!) And even then, it wasn't till I got to my first year of Uni in Cambridge (Uni was also free), where - thank the great pink pixie in the sky, they do still teach the important thinkers/critiques & theories - I ever got introduced to Marx & was able to read his *'Communist Manifesto'* & parts of *'Kapital'*, plus Gramsci, Adorno, Althusser & a smidge of Lenin! I wish everybody could have enjoyed the multiple benefits of the great, all-rounded education like I got at Montessori! It's largely why I'm a die-hard socialist: I was taught what that term actually MEANS from age 8 or 9 - ideological fanaticism NOT included!
As a Canadian adult I went to University of Windsor. Windsor is regarded as a lunch box town, the center of our organized Auto Workers. A reader, I attended a lawn sale of books being cleared from the Leddy library at UofW. I picked up a biography of Marx, two copies of the Marx and Engels reader and Marx's Critique of Gotha Programme all being removed from circulation. I can't comment on the motive. While Marx wrote a critique capitalism from labor's perspective, in our nations, he is just a four letter word. I am a one time, naive believer in Capitalism and now on the fence about democracy itself. This teetering point of view is a real and present danger to both our Countries when taken up by the masses. Couple that with low quality (intellectualy) people in leader positions. It is no accident that the French have taken to the streets in what is a functioning democratic state. Ken Bowd Canada.
Build Public Transportation. So many American cities, their suburbs, surrounding region and whole states have little to no public transportation infrastructure. People are left to total automotive dependency. Maybe a little gentrified downtown gets a lightrail a few miles long - wtf does that do for anything? They need a whole statewide transit authority. Building regional and interurban rail networks, commuter rail in a cities suburbia, metro rail if necessary but if not that's okay (I say this because it makes people very hysterical for some reason), and trams/streetcars which is what lightrail basically is in and around city centres and surrounding urban areas (if you don't need metros a commuter network and a tram/streetcar network working together in tandem is a very good substitute in medium to low density cities). Construction and manufacturing jobs. Alternative to driving. Reducing oil consumption and CO2 emissions. Saving people money with convenient, frequent, and cheap transit.
in northern areas streetcars/trams are a BAD idea: i recall many times streetcars would jump their rails due to snow and ice build-up. s'okay, this can be worked around - electric trams are wheeled buses taking power from the buried lines or overhead lines. very capable. very good idea you have.
@@Scriptorsilentum They manage to operate trams just fine in Europe where it has been known to occasionally snow. "electric trams are wheeled buses" - that is not what an electric tram is.
@@tishimself126 I do. Its fine. But that is because I live in a country that has invested in public transit infrastructure instead of disdaining it and creating an automotive wasteland.
All nations need pragmatism. Not pure capitalism, socialism or communism. Just common sense for common good. Dont play up to or oppress any group of people.
Thank you; I have never heard it put so clearly. We might add that the generation that grew up in the fifties and sixties had to learn this history as if it were something completely new because the propaganda was like a blanket.
Thank you for the great lessons in history, professor! Precise, step by step explanations in plain language to understand what led us to where we are today ❤👍
I went to college in the early 1970's. I was able to put myself through by working part time. I took one $500 loan over the 5 years I was in school. My daughter was born 1979 and she graduated from HS 1997. She got great grades but didn't want to go into debt to go to college. Because now it took a full time wage, not part time, to pay for college. This was due to this.
MMT is not sufficient, it only gets the mechanics right, and that can be used to enrich the One Percent as much as to help the poor. What the USA, what the World, needs is a deeper spiritual understanding of economics, which is that economics is a social activity and will always be corrupted unless there are institutions that enshrine principles of justice, fairness, cooperation, kindness and compassion, rather than the capitalist values of selfishness, greed and profit. I gave you a thumbs up though.
The drive for money is how we made our environment into a cesspool. Not that I see it happening, but we need to let go of the love of money. That will be the only money theory that can get us through this catastrophe. A green new deal would really help a lot people though
what we want is full automation I have better things to do than go to work 8 hours a day and I am sure there are millions of ordinary ppl who have more brains than the ppl who rule our lives and will put their intelligence to good use when they have the time.
Brilliant, very well explained and easy to understand, the workings and outcome of a corrupt system. Sadly looks like the thirties will be with us again.
I live in a Right to be Fired state - my personal nickname for the "Right to Work" laws as it was actually cited by the company I worked at for firing me. It was also my first job. So I've been aware of the double speak in these laws and the horrible consequences they have on workers since I was 20. I'd been with the company for two years and I was fired because I'd been sick "too often" - nevermind that I'd had a doctor's note each time to prove I was actually sick. Mind, my manager put down on the paperwork that I was "unreliable" but she told me when she handed me the paperwork to sign that it was because I had been sick too often. When I called corporate to lodge a complaint against her with HR? "Iowa is an 'At Will Employment' state. That means companies don't have to cite a reason for firing an employee." After a bit of digging, I found out that particular phrase is embedded in the "Right to Work" law. I might have been able to successfully sue for wrongful termination, but I was 20 and didn't fully understand Iowa's anti-discrimination laws at that point. I also had no money for a lawyer. Like most other workers, I just grit my teeth and found another job (which payed about the same or less). BTW, a friend of mine is in a similar situation right now. She works at Best Buy and has acute Bronchitis. But she can't take any time off for it because Best Buy doesn't allow for time off for illness. Her manager told her point-blank that they won't accept doctor's notes. So it doesn't matter that she woke up coughing up blood. She still has to go to work and likely infect her co-workers and customers. Edit: that reminds me, I never tweeted about that. Time to go shame Best Buy on Twitter. :D
Narrative-theft tactic = Intentionally misnaming a program or law, to disguise the wolf in sheep's clothing. aka - Citizen's United, Patriot Act, Conservative, etc, etc.
Thank you so much Richard for all your effort and hard work teaching and informing us on such cruicial subjects. Every time i listen to youre lectures etc, i learn something new and important, and also realize how screwed we ordinary people are! Thanks once again! David, Sweden.
I'm 38 and grew up in the upper middle class. Went to a great public school system. I feel duped. Huge blind spot. We talked about the red scare and McCarthy but the lesson focused on the mob mentality of, the witch hunt aspect of it, didn't touch on the anti-labor aspect of it at all. I'm still a capitalist but the last few years has been a real eye opener about our media, our schools, our culture, etc.
I hate to say it but i think we have become more fascist as big business and politicians have become bedfellows. Communism/ socialism has failed everywhere it's been tried from Jamestown to China. What is insanity? Trying the same thing again and again expecting a different result.
Many blessings Richard! The main point of all this is to establish what we are battling. Certainly not those members within our own tribe, because they resort to making different choices "on the menu" of life. The main creature is a manmade idea. It's called by various names; unlimited growth, austerity, globalization, capitalism neoliberalism, etc., etc. The players occupy the swivel chairs of governance and corporate leadership. As one mentor, the Pulitzer winning American journalist Chris Hedges points out: "They will kill us all, unless we overthrow them. And, if the NSA is listening, that's O-V-E-R-throw!" No one I read or watch, tells the story more clearly than you have in this accessible video! My gratitude Richard.
You’re incredibly enticing man. Your voice is like butter and you kept me interested the whole video. I really appreciate you. Thank you for your time.
That was the fault of the USSR and Maoist China... they were probably more oppressive and killed more people due to political reasons than NAZI Germany. A distinction; USSR and still the China's People Republic isn't a republic of the people, but an aristocracy with a cheesy label of being leaders of the people. The people just obey, they don't vote. There was no democracy for the average person. Only for the aristocracy. IT was no different than other economic systems, and was no different that a tyrannical political system. Democracy with social construct is what needs to be explained.
A decent system with intelligent input wouldn't have poverty as an outcome for any human being. If you can't accept that fact, you've been dumbed down.
Spoken with the words of a truly insightful patriot. We need more people, especially young politicians to understand our 'true' history of inequality and how the driving forces of Capitalists have destroyed Democracy.
Thank you Prof. Wolff for bringing up the Taft-Hartley Act; in my opinion it is one of the most damaging pieces of legislation ever passed in the history of the US. It's frustrating that I never hear any Democratic legislator so much as mention Taft-Hartley -- an act that was passed way back in 1947 and since then how many times have the Dems controlled Capitol Hill? I hear a lot of those legislators being critical of right to work laws, but no mention of what made it possible for states to pass those right to work laws which is the Taft Hartley Act. If given a chance I would ask those lawmakers; wouldn't it make more sense to go after the root cause of not only right to work, but also the cause of much of the union weakening that has gone on since the act was passed back in '47? I've never even heard or read Bernie Sanders or any member of the progressive caucus in the House mention Taft-Hartley and the need to repeal it.
I remember as a child in the 50's watching TV, I LED 3 LIVES, "This is the story of Herbert A Philbrick, who for 9 frightening years did lead 3 lives: citizen, communist, and counterspy." Oh I remember it well. The neighborhood children were telling me to hate jews and blacks, and TV was telling me to hate the communists (who seemed to embrace jews and blacks). But coming from a non-religious but culturally jewish home, I decided early that almost everything was bullshit and I better learn to learn. So I did.
* Thank you and bless you, Professor Wolff ! You renew my faith in mankind and have reconnected me with my (Socialist!) father's generation of the 20s and 30s! BRAVO !
Is it? It's more like a virus metastasizing everywhere!! That's all these old teachers know at State U., as they themselves were victimized back in the 70's and 80's by the teachers they had at State U., almost all inveterate America/self haters themselves!!
good video. one constructive comment; please don't use the "rubbing two sticks together" analogy again. It's a legitimate technology used by people (still today) who are just as evolved (maybe more evolved) as people who live in "civilization" who couldn't start a fire and feed themselves if they had to. My point, it could be a fallacy to assume that industrial civilization is the evolutionary progression of human beings.
@@lizatanzawa7910 the 1990s is when us dynasors that belonged to union's started getting attacked by Japan crying out about how our labor laws warrant working out for them. And political leaders helping all these Corporations build without union worker's .so that could make the most profits ever Now us tax payers are being exploited to work for cheaper waiges. So wall street shows record high profits. It's all about the almighty $$$$$$$$$$$$$$$ Dollars. While thay Rob all that people payed into pension plans. Those that have the most keep wanting more .so where does it end.thay that cry with ten loaf of bread under ther arms and we that are starving. The buck stops with a striking work force because all have to eat.
Thank you professor Wolff for sharing these ideas with us. WE HAVE AN OPPORTUNITY (like never before) to discuss ideas through the Internet and Educate those who never had the opportunity nor exposure to ALTERNATIVE ideas and concepts.
I start to feel really faint when I listen to this man... And this is coming from someone who knows a lot about the benefits of liberalism, Keynesian economics, etc. But I had no idea how much people had been persecuted, demonized, and finally destroyed. Everything about Today's America makes sense now.
One minor correction Mr Wolfe social security use to start at 55 years of age and Ronald Reagan changed all that brought it up to 62. I'm 57 and I happened to be living on the streets today due to an accident I suffered when I was 54 obviously I would be in better shape if it wasn't for Ronnie baby bastard
Wow! An absolute wonderful explanation of how our country became the economic and social cesspool it is today. Thank you!
A Man I love to listen too
Investing is considered a bedrock in making generational wealth. Most people don't know when, where or what to invest in. Fortunately, great investors of the past and present can provide us with guidance and ideas. Meaningful contributions are always welcomed.
Trading with an expert has been the best way of making huge returns from crypto currency.
The common mistake we newbies make is investing without help and legit guidance from a professional.
He had some interesting things to say about the state of algorithmic trading today, obviously I'm seeing results, and my trading is going smoothly.
@@harrisonmichael9636 Yes, you're right, it's not watching all videos wasting time on strategies, I was ignorant doing so till I met Sir Lucas S.Chamberlain last year at a startup funding event in Washington DC.
Trading is like a real time business if you want to win it, you need to be prepare for it. Markets are unpredictable, and you can't predict every.
I've just retired recently and I must say I found this video informative and great to review. These psychological concepts are much more useful for individuals attempting to avoid mistakes than I realized when I was first introduced to them. This is probably why Warren Buffett talks so much about temperament being crucial to his investing success.
Developing a solid financial portfolio is more difficult, therefore I suggest you seek expert assistance. The ideas you receive after that can be tailored to your long-term goals and financial desires.
Personally, I would say have a mentor. Not sure where you will get an experience one, but if your knowledge of the market is limited, it seems like a good bet.
@@lipglosskitten2610 The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
The issue is this! Most often, those with little to no experience in the stock market attempt to buy on their own. It previously occurred to me, but I learned from it and contacted "Catherine Morrison Evans" a finance expert with offices in the US, and everything changed. I earned $370k so far in the first quarter of this year.
@@kenanporubsky2122 How can I reach Catherine Morrison Evans?
Sadly, McCarthyism is alive and well in 2018. Another excellent video by Richard Wolff!
As a Communist, I took a rather perverse pleasure in visiting McCarthy's grave, standing upon it next to his headstone. Nice plot though, good view of the river.
McCarthyism backfired back then. Nowadays it has backfired even harder. I think Russiagate is the biggest media disaster since the Iraq War.
@@Amadeus8484 I think the reanimation of McCarthyism by both sides of the aisle so they can hurl it at the guy across the aisle, will almost definitely sound like a pancake when it hits the floor. Plop. Then we can all take turns walking on it with our boots, stamping on that McCarthyite pancake forever.
@@intricatic I am not against Accelerationism albeit I am much more in the Singularity camp than anything else.
@@Amadeus8484 Not sure what that's referencing in this context. I just know that for most regular humans on planet America, the political pageantry has decayed to a level of acting below third graders lying about masturbating.
When i entered the job market in the 60's there were 20 or 30 pages of help wanted listings in the Sunday papers, now there are two. back then you could support a family with a single income, it wasn't easy but it could be done, now it takes at least two full time incomes and perhaps som,e part time work as well. Corporations are making money hands over fist and the working people get NOTHING for decades.
We should go back to the good old days of Eisenhower when we had rising standards of living that were possible because we did not just give the wealthy anything they want and pay for it by crucifying the workers and their families.
In the 80's my farther was the only one that worked, and was able to support the household, now I make the same, or less if you add in inflation, than I did in 90's.
What do you expect ? Surely; you saw it all coming BEFORE you voted?
It wasn't Karl Marx who explained what you describe, it was Henry George - it's land monopoly that causes wealth to concentrate, its nothing to do with capital.
Minus the racism though, other than that I agree.
Things are doing well in that era in spite of Eisenhower not because of him.
Thanks for all you do my friend. Your voice is important.
Just empty words unless workers get behind Wolffes' words.
Vox Populi
@@kirstinstrand6292 Indeed. So it's time for all the youtube armchair experts get up and grow a pair of balls like the French and actually make change happen. Too much hot air in these exchanges, but none of you have the balls to take the initiative. How many of you have a podcast and sit in front of a camera? People like Jimmy Dore has started something important. If average middle class hard working Americans don't want to be raped by their own government and the lobby, perhaps it's time to wake up in the USA. It looks like the United States of Hypocrisy, and most just sit there......
@@shanedurcan2805 our experimental government was supposed to be of, for, and, by All the People. hard to believe when it was founded by the male people, of the christian people, for the white people. it's a long hard road back from that shit. but you're right - now, we have a better www.ay.
(almost funny to watch the skert rich jackals still tryna use old school, mein kampf propaganda like i ain't got google) "they who have put out the Peoples' eyes, reproach them of their blindness"
Bezos and the boys are some sickass bastards. their greed is pathological. how could you grab that much $ and watch your brothers and sisters suffer while the whole damn country, nay, the world goes down the toilet? oh, yea, they ain't got no friends now do they?
anyway, they want us to get in the street so they can pick us off. uh, No. ain't gonna play your game. you gonna play ours. we know what you cherish. that's the thing about criminals - they're dumb. they think crime pays.
and they just can't slide us off a fair deal. we humans require food, water, shelter, health, and a job that pays me a little more than just enough to get back to work tomorrow.
it starts with health. if you don't have good health, you have nothing. and food is the first medicine. this spring, i think we should start with food boycotts. don't buy any of their nasty factory eggs for a month. bet you can find local good eggs if you need em. or get you a few layers. then, don't buy any nasty yellow chickens for a month. remember yummy pinkmeat yardbirds that you don't have to overspice. so plan ahead. start filling your freezers a little at a time over the next coupla months with birds, beef, and, bacon because those poor piggy factories and beef feedlots got to go. support your local producers or put in a little victory garden. even if you live in a small place, you can plant a pot with 'cherry 100' tomatoes or a bucket of potatoes. and can we please boycott sody pops for a month(forever)? you know you want to. you know that's why we're fat. that'll get their attention!
and this healthcare situation is already in triple overtime, doncha think? every unhoused person i know (9 of my friends), is because of health problems. if you fall ill or have an injury, you lose your job, you're done for. tying healthcare to a job is a dirty trick. we already have a medicaid/medicare system. we have healthcaredotgov and all they gotta do is send a card to anyone who requests one. then maybe they can manage to fix the supply side. ya know, like all the other shithole countries do. then the insurance corp(ses) can go pound sand. the thing to remember about healthcare is that there will never be enough money for everyone to have all they want, but we can help everyone with what they need. what would it be like if healthcare providers got to practice medicine instead of insurance. when someone needs help, you give it to them period.
so everyone that can should go make a M4A sign, put on your yellow vest and go hang out around all medical centers (if you can find one open) all across the country all day everyday until they do it. if you're in a wheelchair or one of those wheeled beds, roll out! take your crutches, canes, and iv poles. do it in shifts. if you're a healthy youngun, take your phone and go hold a sign for your mama or uncle for a few hours a week, could you please?
this should be an easy and huge Victory for us. we need it now.
when we get good food and healthcare, we will have the energy and confidence to begin to tackle the big problems we face.
i'm sick of hating my sisters and brothers. i'm sick of killing and bombing innocents in my name. i want to be proud to pitch in my taxes to make a good world where children on the other side of our beautiful blue orb aren't scared of blue skies. i'm sick of watching the weather change and i want polar bears in my world and whales in the oceans.
everyone's life is precious because we are all threads of the warp and weave of the fabric of this Life on Mother Earth.
Peace
Today in US Citizenship Application form, they asked if I belong to any Communist Party as if something that is bad. So I youtube it and got to this channel. Thanks almighty God
I remember that the Military had a form asking these very types of questions. . . but also they listed fascist groups too.
@@RichardCarlson-zm5bl
And when people respond yes to fascist associations, they say "hired!", probably...
you can be fired as a teacher if you belong to the communist party even in California.
@@jprec5174
Crazy. But not surprising...
@@jprec5174 and conservative out-of-staters habitually call it "Commie-Fornia"
" Social reforms are never carried out by the weakness of the strong, but always by the strength of the weak. " Karl Marx
Merely a clever reversal of words.
@Hobo Sapien Logic(and previous examples) shows ME that the "weak" usually don't become strong; once oppressed; and that they usually die off.
@Doven Ro Galus professor Richard wolff is marxist by the way
Reforms are created by capitalists and the wealthy. The wealth capitalists created results in reduced working hours and better working conditions. While the USSR and Nazis were killing people unless they worked.
@@freetrailer4poor The capitalist classes and the wealthy fully understand that most, if not all social reforms they create contain within them the seeds of their own class' destruction.
Thank you Professor! I live in a blood red state where poor people defend the wealthy right wing tooth and nail, clueless that they are not of their interest. Prof Wolff is brilliant at trying to teach these people the truth in layman's terms.
I wish u lived in a red state with no whealthy right wingers
Now we've got these rich bastards fighting to block the student debt cancellation. Can't have poor people actually lifted out of poverty! Got to keep austerity dialed up to the max. If you're not living paycheck to paycheck, they're not happy.
czcams.com/video/XH2XkZUM7BM/video.html
What? An accident!!
We need to start jailing wealthy the french kicked them out
Finally....someone who's not afraid to use the "C" word, in public, to describe those in power... i.e., CROOKS.
Make that two CROOKS CORPORATE CUNTS who knew the new initials for the CROOKS (CCC)
thanks for the history lesson professor wolff
Nicole h
Well said by Mr. WOLFF. The S and L rip off of 600 billion tax dollars in the 1980s by bank crooks like Keating of Lincoln savings is a good example gov and big money corruption. This big money corruption also corrupts labor unions to the detriment of workers.
I love this guy, I get so pissed off listening to him call it the way it is, I have to go to the gym to work out. Righteous Indignation! Thank you Dr. Wolff, for motivating me to be a better person, you’re deserve a Medal of Honor in Economics. Sanders Wolff 2020!
My Grandfather was a steel worker union supporter and leader who got caught up in the McCarthy era purge. He eventually cleared himself of the accusations. It is was an embarrassment to my father who considered himself an American patriot whose middle name was Delano. Now I understand much better the history of America but also of my family. Thank you Dr Wolff for the lesson.
What a great monologue. Perfect framing. Thank you.
This was a great lecture, Dr Wolff. Keep doing what you're doing.
Prof. Wolff thank you for explaining things so an average guy like me can understand economics.
There is nothing natural about economics, it is entirely a human construct. Economics = Ideology. It may be worth while keeping that in mind as you learn.
@@luckylui3282 that's 100% false
Marxism is as materialistic as capitalism
Did he tell you that Roosevelt was nearly shot by a communist who thought all profit is evil?
@@St1kyFinguz did you know your "communist" was hired by Frank Nitti a Very capitalist guy? Don't BS me
@@jeffsingleton88: ??? Assuming your post was correctly directed; 1) It's a 100% straw man, I did not say nor imply anything about Marxism and 2) do tell us about the part of economics that is not a human construct
WOw! I never knew that we owe it to the Communists to have a Social Security payment system, a Minimum Wage etc etc. I'm completely surprised by this because this is never even mentioned in school or College. Thank you for Re-Educating us Dr. Wolff!
we don't need a commie government to enact min wage laws and a social security system that we the working class invested in via their promises to get it back after a certain aged but that is just a pyramid scheme scam i could have invsted the money better myself
This is the best 30 minute history lesson . Thanks
WOW!! For me this episode is THE most powerful one I've seen so far. That says a lot because I pretty much set my calendar for Mondays when Dr Wolff brings this fantastic program to CZcams. THANK YOU DR WOLFF!!! YOU ARE MOST DEFINITELY A HERO!!
👏👏👏👏👏❤❤❤❤❤
Wow, you're a gem Prof. Wolff. Thank you for this segment. It's so timely, we're living this still.
Who on God's green Earth would give that speech a thumbs down?
Why, a robber baron of course.
I'm not kidding when i say, your videos should be shown to US middle school kids as part of their social education, to learn about the world around them in regards to politics.
You've got a voice for it too btw, 👍-up.
Teachers who show such videos in school will most likely be fired... Sad but true😥💔
I finally see the whole picture. It was awful living during these years. I never knew how to communicate with those who were conservatives, and those who bought the propaganda. It's almost funny that now the phrase- Why do you hate America? is more appropriately used against those who whether knowingly or not used to use it against us. You've given us confidence through knowledge. Why no one else (or at least too few) has shared their knowledge of history on this subject is a mystery.
Mystery solvable, since Wolff is making money on these grounds. I like all the info, also!
G Kuljian
If I've asked you this before please forgive me, lately I've been recommending a 4-part documentary series that's offered free online called 'Plutocracy' Parts 1-4. My favorites are part 2-3, but the whole series really delves into much of our history that has been hidden from us for the past couple of generations. I also learned quite a bit from the 1979 documentary titled 'The Wobblies.' It was available here on YT last I checked. But if for any reason anyone can't find it I have a copy that I would gladly share.
You'd probably agree that we need to rapidly educate and organize in the US. And that's why I'm glad to recommend and share information. It's the least I can do considering I spent the last couple of decades as just another ignorant wage worker - basically helping to perpetuate this dysfunctional and exploitative system. I don't know if I can ever make up for that, but I will try!
@@edebs6243 Thanks. I think I found them both. I'll watch them.
"Why no one else (or at least too few) has shared their knowledge of history on this subject is a mystery."
There's a very credible case for 'state education' being the most valuable tool available to the world's elites, the 'establishment'. Some thinkers may suggest that it is the media - the means of manufacturing spin, and propaganda. But, for the media to fulfil their usefulness, their audience must be inhibited in their ability to defend themselves, intellectually, from this onslaught - hence, the very limited content on Economics, Philosophy & Ethics, (useful) History, and Politics itself. What content there is, is often very dumbed down, or skewed to a certain bias.
It's a niche area, but there is quite a large body of work on this area - stemming back to Marx himself, latterly Paulo Freire (very well known across South America, less so across 'the West'); and perhaps more mainstream Noam Chomsky - various contributions on 'Education', and this ties in well with 'Manufacturing Consent'.
The difficult with the 'Education' issue - it's self perpetuating - those that teach have gone through the 'conformity' process themselves; and schools within Higher Education have largely not being able to dodge the Neo Liberal bullet - the commercialisation of Universities a key issue; often seeing those of a less ethical character finding it easier to climb the promotions ladder than those that might risk 'rocking the boat' ... Course content, another key problem - in Wolff's own discipline, Economics, it's become the norm for Economics schools to simply ignore the work of Marx, and instead focus on the 'accepted norms' - Neo Liberal Economics, the various Capitalist schools of thought and so on ..... which, in light of Marx (and Engels) being the most important contributor(s) to Economics (and other areas), is an utter absurdity.
Recommended reading: Paulo Freire - Pedagogy of the Oppressed
Chomsky - Manufacturing Consent, + the various works/lectures on 'Education'
It's also worth comparing the common (education) standards across the West with the
world's current leading Ed. system - that of Finland - little formality in schools, no Private Sector ed., very few exams ... There are a number of very good lectures on the 'Finnish Model' here on YT - well worth watching.
+ For those that might like to consider 'History' beyond the mainstream narratives -
Michael Parenti's various lectures are extremely interesting. e.g. 'the real causes of World War 2', 'the functions of Fascism' .. - many also here on YT.
Hopefully, food for thought :-)
The knowledge was always available but people were too distracted by the MSM. I saw the Crucible by Arthur Miller when I was 12 yo . It did not too long to learn it was an allegory of McCarthism.
Thanks professor for inform us and for your contribution to our democracy.
Thanks R.Wolf!!!
U are a great person!🌹👍🥊!
Thank you Mr Wolff, for everything you do.
I have a 1946 edition of Compton's Encyclopedia printed during the wartime Soviet alliance. With its positive articles compared with the damnation that came later, it's a valuable artifact part of showing how propaganda can be turned first in one direction, and with the Cold War, in another.
Dr. Wolf such powerful truth. Thank you sir ...
Thank you so much for a very informative history lesson ,Prof. Wolff !
I love this man!!
@louis foxwell It is a brotherly love. Don't get it twisted!
@louis foxwell he's not gay... He's just gullible
@One Of Those Guys You could have worker coops in capitalism.
😒Under communism all other forms of buisness would be illegal.
@One Of Those Guys *_Nope!_*
I said *_illegal_* and I ment *_illegal._*
*_Illegal_* as in you will be summarily interned & executed for not surrendering what is declared public property-- this includes the food you've hidden for you child.😐
*_Your euphemisms for dictatorship only works on college freshman😉_*
@One Of Those Guys 2nd If America is a mixed economy (and it is) all your protest are moot.
What you are arguing for is a Dictatorship similar to the dictatorships of Venezuela. *_😬How's that working out for them?_*
In my cabinet this guy would be treasury sec or fed reserve head!
I vote for Dr stephanie Kelton
And immediately he would dissolve the federal reserve
They also erased the history of labor in the 20th century from literature and history in public education.
Roosevelt took his basic plan for social services from Bismark's contract with the workers in Germany
which exists in expanded ways today
He wanted to buy off German workers
whose numbers were expanding due to
increased industry + increased interest in socialism.
Americans should be listening to this lecture.
Thank you sir , you illuminate my way of thinking, for years i thought I was selfish to be critical.
Me too. I'm trying to figure out how to wake up out of this military-grade, social engineering, multi-decade long, propaganda induced, history-cherry-picked, stupor, that has obviously been effective at many levels, in suppressing the basic narrative of the US citizens' common good. And so many US citizens go around speaking as if propaganda only exists in other places... sigh.
IMHO, this video should be shown on a daily basis in all our schools to be learned and NEVER forgotten.
#DamnedFacts
#BreakThe2PartyTrap
I went to Montessori school in Canada from grade 3 through 7 & we were taught about Capitalism, Communism & Socialism from a neutral p.o.v, & on equal terms; equal time was given to each, with complete impartiality. They taught us the primary features of each, +ve, -ve & simply matter of fact; then we were encouraged & guided to do our own Projects, entirely self-designed & -directed, to better understand the subjects for ourselves, using Montessori's myriad 'materials' as they're called.
('Materials' are various visual & kinæsthetic *aides memoir* that help the young mind truly comprehend important concepts: like the giant rectangular checkerboard & beads you use for multiplication of huge numbers - essentially by physically moving beads around as you learn how to do long multiplication - so u can literally SEE how it works! Montessori fkin ROX!)
I naturally assumed that everyone else had had the access to the same type & quality of education as I had (what kid wouldn't?) - especially because I was a year ahead anyway (I started grade 8 - High school - aged 12y 3m); at least in Canada I was... Although even when I started school aged 5 in England, I already had a reading age of 10 - I actually cannot remember a time when I was unable to read; my mother taught me long before I started school, as had her mother, & HER mother before that! And I even got my 2yo nephew up & running reading 'cat' & 'dog' from his alphabet flashcards - without ever showing him the pictures on reverse - something my sister had never considered trying! Took me 10 mins, if that!
I remember being very surprised, & puzzled, after leaving Montessori & attending one of Vancouver's specialized & highly competitive 'mini-schools' (300 applicants for 30 places per year; but I do have an IQ of 155), for Grade 8 & half of 9, when fortune sent me back to England for the rest of grades 9 through 13 (yes, in UK at age 5 you start year 1; year 2 aged 6; y3 @ 7 etc, etc, rather then K @5, 1 @6 etc...) ... to learn that, No, apparently most other ppl hadn't had the benefits of my education! (Which, let me stress, was 100% FREE; the Montessoris & mini-schools in Canada are all state schools!)
And even then, it wasn't till
I got to my first year of Uni in Cambridge (Uni was also free), where - thank the great pink pixie in the sky, they do still teach the important thinkers/critiques & theories - I ever got introduced to Marx & was able to read his *'Communist Manifesto'* & parts of *'Kapital'*, plus Gramsci, Adorno, Althusser & a smidge of Lenin!
I wish everybody could have enjoyed the multiple benefits of the great, all-rounded education like I got at Montessori! It's largely why I'm a die-hard socialist: I was taught what that term actually MEANS from age 8 or 9 - ideological fanaticism NOT included!
As a Canadian adult I went to University of Windsor. Windsor is regarded as a lunch box town, the center of our organized Auto Workers. A reader, I attended a lawn sale of books being cleared from the Leddy library at UofW. I picked up a biography of Marx, two copies of the Marx and Engels reader and Marx's Critique of Gotha Programme all being removed from circulation. I can't comment on the motive. While Marx wrote a critique capitalism from labor's perspective, in our nations, he is just a four letter word.
I am a one time, naive believer in Capitalism and now on the fence about democracy itself. This teetering point of view is a real and present danger to both our Countries when taken up by the masses. Couple that with low quality (intellectualy) people in leader positions. It is no accident that the French have taken to the streets in what is a functioning democratic state.
Ken Bowd Canada.
As always, educationally brilliant ... Many thanks our Wolff of knowledge !!!
your brilliant, i totally love accurate and clear information. thanks for opening up the view into our society and its economics.
Politics grows out of Economics. War grows out of Politics + Economics.
Build Public Transportation. So many American cities, their suburbs, surrounding region and whole states have little to no public transportation infrastructure. People are left to total automotive dependency. Maybe a little gentrified downtown gets a lightrail a few miles long - wtf does that do for anything? They need a whole statewide transit authority. Building regional and interurban rail networks, commuter rail in a cities suburbia, metro rail if necessary but if not that's okay (I say this because it makes people very hysterical for some reason), and trams/streetcars which is what lightrail basically is in and around city centres and surrounding urban areas (if you don't need metros a commuter network and a tram/streetcar network working together in tandem is a very good substitute in medium to low density cities). Construction and manufacturing jobs. Alternative to driving. Reducing oil consumption and CO2 emissions. Saving people money with convenient, frequent, and cheap transit.
in northern areas streetcars/trams are a BAD idea: i recall many times streetcars would jump their rails due to snow and ice build-up. s'okay, this can be worked around - electric trams are wheeled buses taking power from the buried lines or overhead lines. very capable.
very good idea you have.
@@Scriptorsilentum They manage to operate trams just fine in Europe where it has been known to occasionally snow. "electric trams are wheeled buses" - that is not what an electric tram is.
Spend time on public transportation. It's a horrible alternative!
@@tishimself126 I do. Its fine. But that is because I live in a country that has invested in public transit infrastructure instead of disdaining it and creating an automotive wasteland.
High speed rail
Thanks for bringing the light in all these darkness and explain the real history.
All nations need pragmatism. Not pure capitalism, socialism or communism. Just common sense for common good. Dont play up to or oppress any group of people.
Thank you; I have never heard it put so clearly. We might add that the generation that grew up in the fifties and sixties had to learn this history as if it were something completely new because the propaganda was like a blanket.
Thank you for the great lessons in history, professor! Precise, step by step explanations in plain language to understand what led us to where we are today ❤👍
I could smoke my weed and listen to professor Wolfe talk all day long. Fascinating content.
This is like Anti-Prager U and I love it
Honest and in favour of Justice for all. Thank you Wolf.
I went to college in the early 1970's. I was able to put myself through by working part time. I took one $500 loan over the 5 years I was in school. My daughter was born 1979 and she graduated from HS 1997. She got great grades but didn't want to go into debt to go to college. Because now it took a full time wage, not part time, to pay for college. This was due to this.
Excellent episode.
#MMT modern money theory. Green new deal is what we need and a job guarantee.
The Soviets tried that and failed miserably. We don't need any of that.
MMT is not sufficient, it only gets the mechanics right, and that can be used to enrich the One Percent as much as to help the poor. What the USA, what the World, needs is a deeper spiritual understanding of economics, which is that economics is a social activity and will always be corrupted unless there are institutions that enshrine principles of justice, fairness, cooperation, kindness and compassion, rather than the capitalist values of selfishness, greed and profit. I gave you a thumbs up though.
The drive for money is how we made our environment into a cesspool. Not that I see it happening, but we need to let go of the love of money. That will be the only money theory that can get us through this catastrophe. A green new deal would really help a lot people though
what we want is full automation I have better things to do than go to work 8 hours a day and I am sure there are millions of ordinary ppl who have more brains than the ppl who rule our lives and will put their intelligence to good use when they have the time.
Vote green then.
LOVE PROFESSOR WOLF FOR YOUR PURE ORGANIC INTELLIGENCE
"But something happened on the way to that place. They flung an American flag in our face" - Billy Joel.
Brilliant, very well explained and easy to understand, the workings and outcome of a corrupt system.
Sadly looks like the thirties will be with us again.
You're all an inspiration to us!
The economic prospective of American and world history that Professor Wolff brings to light is most enlightening.
I live in a Right to be Fired state - my personal nickname for the "Right to Work" laws as it was actually cited by the company I worked at for firing me. It was also my first job. So I've been aware of the double speak in these laws and the horrible consequences they have on workers since I was 20. I'd been with the company for two years and I was fired because I'd been sick "too often" - nevermind that I'd had a doctor's note each time to prove I was actually sick. Mind, my manager put down on the paperwork that I was "unreliable" but she told me when she handed me the paperwork to sign that it was because I had been sick too often.
When I called corporate to lodge a complaint against her with HR? "Iowa is an 'At Will Employment' state. That means companies don't have to cite a reason for firing an employee." After a bit of digging, I found out that particular phrase is embedded in the "Right to Work" law. I might have been able to successfully sue for wrongful termination, but I was 20 and didn't fully understand Iowa's anti-discrimination laws at that point. I also had no money for a lawyer. Like most other workers, I just grit my teeth and found another job (which payed about the same or less).
BTW, a friend of mine is in a similar situation right now. She works at Best Buy and has acute Bronchitis. But she can't take any time off for it because Best Buy doesn't allow for time off for illness. Her manager told her point-blank that they won't accept doctor's notes. So it doesn't matter that she woke up coughing up blood. She still has to go to work and likely infect her co-workers and customers.
Edit: that reminds me, I never tweeted about that. Time to go shame Best Buy on Twitter. :D
Narrative-theft tactic = Intentionally misnaming a program or law, to disguise the wolf in sheep's clothing. aka - Citizen's United, Patriot Act, Conservative, etc, etc.
Thank you so much Richard for all your effort and hard work teaching and informing us on such cruicial subjects. Every time i listen to youre lectures etc, i learn something new and important, and also realize how screwed we ordinary people are! Thanks once again! David, Sweden.
I'm 38 and grew up in the upper middle class. Went to a great public school system. I feel duped. Huge blind spot. We talked about the red scare and McCarthy but the lesson focused on the mob mentality of, the witch hunt aspect of it, didn't touch on the anti-labor aspect of it at all. I'm still a capitalist but the last few years has been a real eye opener about our media, our schools, our culture, etc.
I hate to say it but i think we have become more fascist as big business and politicians have become bedfellows.
Communism/ socialism has failed everywhere it's been tried from Jamestown to China.
What is insanity? Trying the same thing again and again expecting a different result.
Thank you for doing what you do Dr. Wolff. Let freedom ring!
Many blessings Richard! The main point of all this is to establish what we are battling. Certainly not those members within our own tribe, because they resort to making different choices "on the menu" of life. The main creature is a manmade idea. It's called by various names; unlimited growth, austerity, globalization, capitalism neoliberalism, etc., etc. The players occupy the swivel chairs of governance and corporate leadership. As one mentor, the Pulitzer winning American journalist Chris Hedges points out: "They will kill us all, unless we overthrow them. And, if the NSA is listening, that's O-V-E-R-throw!" No one I read or watch, tells the story more clearly than you have in this accessible video! My gratitude Richard.
MARVELLOUS shut-open eye, straight to the heart!!!
Great Talk!!
You’re incredibly enticing man. Your voice is like butter and you kept me interested the whole video. I really appreciate you. Thank you for your time.
Excellent video. I just found your channel, you have a new fan.
Richard Wolff is our professor...
Thanks for educating me!👍😁
Would love to share this with family that don't speak English. Wish this had Spanish subtitles.
More episodes like this please.
This is Gold, I have watched this 3 times
My 11 year old nephew is already being taught to equate communism with oppression.
Enslave the mind, enslave the body.
Socialism must rise or workers will suffer greatly...minimum wages are declining...robots, created for Capitalists.
Let him read Marx
That was the fault of the USSR and Maoist China... they were probably more oppressive and killed more people due to political reasons than NAZI Germany. A distinction; USSR and still the China's People Republic isn't a republic of the people, but an aristocracy with a cheesy label of being leaders of the people. The people just obey, they don't vote. There was no democracy for the average person. Only for the aristocracy. IT was no different than other economic systems, and was no different that a tyrannical political system.
Democracy with social construct is what needs to be explained.
@@jmitterii2 Everything you just said is 100% wrong.
This gentleman's videos should be shown in every high school and then debated.He is the economic master.Thank you sir.
A decent system with intelligent input wouldn't have poverty as an outcome for any human being. If you can't accept that fact, you've been dumbed down.
Spoken with the words of a truly insightful patriot. We need more people, especially young politicians to understand our 'true' history of inequality and how the driving forces of Capitalists have destroyed Democracy.
Thank you Prof. Wolff for bringing up the Taft-Hartley Act; in my opinion it is one of the most damaging pieces of legislation ever passed in the history of the US. It's frustrating that I never hear any Democratic legislator so much as mention Taft-Hartley -- an act that was passed way back in 1947 and since then how many times have the Dems controlled Capitol Hill? I hear a lot of those legislators being critical of right to work laws, but no mention of what made it possible for states to pass those right to work laws which is the Taft Hartley Act. If given a chance I would ask those lawmakers; wouldn't it make more sense to go after the root cause of not only right to work, but also the cause of much of the union weakening that has gone on since the act was passed back in '47? I've never even heard or read Bernie Sanders or any member of the progressive caucus in the House mention Taft-Hartley and the need to repeal it.
I like that you never holler like other people PROF WOLFF 💯☝️😌💜
excellent as always
I remember as a child in the 50's watching TV, I LED 3 LIVES, "This is the story of Herbert A Philbrick, who for 9 frightening years did lead 3 lives: citizen, communist, and counterspy." Oh I remember it well. The neighborhood children were telling me to hate jews and blacks, and TV was telling me to hate the communists (who seemed to embrace jews and blacks). But coming from a non-religious but culturally jewish home, I decided early that almost everything was bullshit and I better learn to learn. So I did.
Well done !!!!!!!!!!!!
God bless you professor Wolff!!!👏👏👏👏🙏🙏👏👏🔥🔥👍👍👍
Thank you Professor Wolff.
I wish he could get on CNN or MSNBC with this. But of course, that's the point.
Wow! What a powerful video!! I wonder if all the republicans of toady actually know this information?? I’m sure they don’t !!
Hahahaha. You can't fix stupid.
Maybe you should show them?
@@markgigiel2722 and clearly you're too stupid to figure it out.
Repubs will just use their red scare tactics again.
very insightful and educational, thank you!
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Thank you and bless you, Professor Wolff ! You renew my faith in mankind and have reconnected me with my (Socialist!) father's generation of the 20s and 30s! BRAVO !
Very enlightening Prof. Wolff...
Is Marxism getting purged frum universities ?
Is it?
It's more like a virus metastasizing everywhere!!
That's all these old teachers know at State U., as they themselves were victimized back in the 70's and 80's by the teachers they had at State U., almost all inveterate America/self haters themselves!!
Dont send your kids to college,
keep them sane in the brain.
WOW!!!!! You really nail it here.
good video. one constructive comment; please don't use the "rubbing two sticks together" analogy again. It's a legitimate technology used by people (still today) who are just as evolved (maybe more evolved) as people who live in "civilization" who couldn't start a fire and feed themselves if they had to. My point, it could be a fallacy to assume that industrial civilization is the evolutionary progression of human beings.
Yes! WE would all freeze to death before figuring out how to start a fire! WE are "low tech" from many perspectives!!
@@lizatanzawa7910 the 1990s is when us dynasors that belonged to union's started getting attacked by
Japan crying out about how our labor laws warrant working out for them. And political leaders helping all these Corporations build without union worker's .so that could make the most profits ever
Now us tax payers are being exploited to work for cheaper waiges. So wall street shows record high profits. It's all about the almighty $$$$$$$$$$$$$$$
Dollars. While thay Rob all that people payed into pension plans.
Those that have the most keep wanting more .so where does it end.thay that cry with ten loaf of bread under ther arms and we that are starving. The buck stops with a striking work force because all have to eat.
Public school teachers should be allowed to show stuff like this in class to then discuss.
American the free; but from what and for whom?
Thank you professor Wolff for sharing these ideas with us. WE HAVE AN OPPORTUNITY (like never before) to discuss ideas through the Internet and Educate those who never had the opportunity nor exposure to ALTERNATIVE ideas and concepts.
I start to feel really faint when I listen to this man...
And this is coming from someone who knows a lot about the benefits of liberalism, Keynesian economics, etc. But I had no idea how much people had been persecuted, demonized, and finally destroyed. Everything about Today's America makes sense now.
brilliant as ever... thanks Prof Wolf.
I'm going to start using the words robber barons.
We all live under a two party one system, first sign of a corrupt government is supporting private banking to take care of its finances
The LONE voice of REASON.
What a history lesson !
One minor correction Mr Wolfe social security use to start at 55 years of age and Ronald Reagan changed all that brought it up to 62. I'm 57 and I happened to be living on the streets today due to an accident I suffered when I was 54 obviously I would be in better shape if it wasn't for Ronnie baby bastard
We love this man , why are so many afraid of him, ah because him speaks the truth. Wake up America.