Richard Wolff "Global Capitalism" September 2013

[snappyturtle]

This video is an hour and a half...watched it last night and
was just getting ready to listen again tonight and thought
I should share it. Excellent explanation toward the end
comparing and contrasting Marxism, Capitalism and
Communism in economic terms...easy to understand as
only Richard Wolff seems to be able to do....at least for me!

&feature=share&list=UUB-5u8VgFc_TI1aAj8_SmDA

[99th_Monkey]

1. Richard Wolff <--if anyone knows how to redeem capitalism, it is this guy

worker co-ops, employee ownership, economic democracy for all.

Yes, it IS that simple. And the sooner we wake up to that and start
taking back capitalism the better.

[cantbeserious]

2. Agreed - Wolff Boils Economics Down To The Essentials - Well Worth A Listen

eom

[deutsey]

3. Richard Wolff has a weekly radio program I listen to

every Friday on KPFA.org, 1 pm EST/10 am PST.

[PotatoChip]

4. He also has a lot of very informative

Last edited Tue Sep 17, 2013, 07:44 AM - Edit history (1)

videos on YouTube.

Basically a series of classes, from (I think) a 4 part 'introduction' to another 4 part 'advanced and applied' series. I'm on my second go of the advanced and applied, just in case I missed anything. But Wolff is such a good teacher that I was able to pick up a pretty good understanding on the first go... and I can be pretty dense sometimes.

Well worth the time if you can spare it. I often just listen while I get other things done.

[deutsey]

5. Thanks, I'll check them out

I know I learn a lot just from his radio program.

[fasttense]

6. I think I've seen everything Richard Wolff has recorded.

But not this one. Thanks for posting.

Prof. Wolff just has a way of explaining economics so that it is not all numbers and statistics and boring....
He brings people back into the explanation of economics and I find it fascinating.

[snappyturtle]

7. I think I've seen most and was so happy for this new release.

If you subscribe on Youtube you will know when new
presentations have been posted.

Since you've seen them all, what do you think he's
steering us toward? I think he is gently urging us to
re-look at capitalism through other options....heavy
on co-ops...at least putting people, average workers,
at the control board over shareholders, CEOs, etc.

[fasttense]

9. Yes, I think he sees the solution to be workers controlling the means of production.

Instead of CEOs, uber rich lucky sperm club winners (much like kings and queens of old), and a few well connected board members deciding what to do with a factory or store, the workers would make those decisions like in a co-op. It would bring democracy to the work place. As a collective the workers would decide what to do.

But it would mean outlawing anyone from owning stock in a corporation they don't work for. It would mean limits on how much stock one person can own of a corporation. It would probably destroy Wall Street, or at least the more traditional stock exchanges. We would have to wrestle the control of international and national corporations out of the hands of about 300 uber rich people.

It's the only answer remaining. Feudalism and slavery had to be replaced because they were such repressive economic systems. They gave all the wealth, power and control of a society to a handful of lucky men born to the right womb. Now capitalism has been found to be just as repressive. We have to move on to something better.

[snappyturtle]

11. I agree we need something different. It would take

decades to get rid of Wall Street in it's current form.
I'm sure it could survive by morphing into some
evil derivative.

[MNBrewer]

8. "Capitalism and Democracy are opposites"

Hell yeah!!!

[snappyturtle]

12. I loved that too! It was like he pulled the rabbit out

of the hat when he said it.

[BelgianMadCow]

16. If we hold democracy in such high esteem, why accept that it stops at the door to work?

is how I've heard him put it. It stuck.

[navarth]

10. Also it really tickles me that he reminds me of Vincent Gardenia.

VG was such a wonderful actor, and Richard has the same tones.

I keep telling people to listen to him...I will keep doing so.

[snappyturtle]

13. Yes, I think we need to spreadthe word! nt

[drynberg]

14. Thanks for posting Richard Wolff, he is spot on.

Question is: How do we increase Labor membership and get more decent jobs? Guess we gotta stop the sending of USA jobs abroad to much cheaper labor. Germany seems to have a handle with their 12 month notice before leaving law. We'd need to get the BIG$$$ outta elections and also have a majority of Dems in the House for starters, no?

[snappyturtle]

15. You're very welcome! I agree with what you say but I don't

see jobs being brought back from abroad UNLESS there's a
huge incentive offerred. Look what has just happened with
Smartphones....it's unadulterated greed. I believe it will
take a couple decades to get $$ out of elections and the
death of K Street. Sorry....I think we have to do the best
we can locally...grassroots first....and buying locally...
staying away from the big chain stores. imho