Markets Schmarkets - Professor Richard D Wolff

PUBLISHED ON NOVEMBER 8, 2011
A short clip from "Global Capitalism: A Monthly Update and Discussion - November 2011"
Original Video: rdwolff.com/content/global-cap...
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Professor Wolff's Website: www.rdwolff.com
Professor Wolff's RSS Feed: blip.tv/professor-wolff/rss/flash
Professor Wolff's Podcast: www.truth-out.org/economic-upd...
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[@rhysoliver227]

Hard to believe people don't understand this.

[@danielrivera4780]

yes

[@p8entlyobvious383]

He is a genius

[@phil5569]

No, he's an idiot.

[@adarshachatterjee493]

But this only says give as much as they need what about making people work to the best of their ability and finally how will government always get the relevant information? Isn't this the greatest criticism against the USSR? The idea of monitoring people by government.

[@schen7913]

Answer: census

[@elassirramadan]

You guys need to watch some Milton Friedman

[@juanche978]

Bah...

[@spiritualeco-syndicalisthe207]

Hell nah

[@motamotita404]

He's an idiot

[@caffeinated4671]

Milton "Economically Rape 3rd World Countries and Topple Socialist Governments, but muh freedom" Friedman

[@elnegrobembon]

The guy who said greed is good?
The guy who hated democracy?
Hard pass.

[@clarestucki5151]

Wolff, like all Marxists, can always remember the "To each according to his needs" part of the Marxian distribution system, but he never mentions the "From each according to his abilities" part.

[@clarestucki5151]

@J Not true.

[@connorcriss]

@@clarestucki5151 Yes, it is.

[@hiddeluchtenbelt6440]

He advocates for a socialism based on worker managed firms with a market distribution, and provides argumentation for how that incentivises people to work, while also integrating social costs into economic decision making. Maybe read some of his texts instead of watching random clips if you want to engage with this stuff seriously

[@elnegrobembon]

Random side note:
I wonder if Christian capitalists mention, or at least ponder, this as well, given Acts 11:29.
Acts 11:29, KJV: "Then the disciples, *every man according to his ability,* determined to send relief unto the brethren which dwelt in Judaea:"

[@phil5569]

"because the gov't fails to... Oops freudian slip"... What I meant to fleece my listeners with was.....

[@jeffkeil1595]

This guy has been whining for a long time.

[@LogD69]

Apparently criticism is the same thing as "whining"

[@juanche978]

@@jeffkeil1595 You aren't a real American if you aren't a native American...

[@jeffkeil1595]

@@juanche978 you're a teary eyed little bitch. Stop crying.

[@nachfullbarertrank5230]

@@jeffkeil1595 mad?

[@spookyscarycommieman3168]

yes

[@dylan9966]

yes