Richard Wolff Says Capitalism Drives Inequality With ‘Explosive’ Consequences For Society

[Lakhota]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

 

[beagle9]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

. Capitalism works, but it's how it is run or is delivered that changes the game for many either in a good way or bad.

 

[Lakhota]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

. Capitalism works, but it's how it is run or is delivered that changes the game for many either in a good way or bad.

I like a mix of socialism and "regulated" capitalism. The current problem is that Trump is killing regulations - and many of his NaziCon supporters want to also kill the social safety nets. However, this inequality didn't happen overnight.

 

[IsaacNewton]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

Capitalism works when regulating factors on in place, like control rods in a nuclear reactor. Unfortunately the very people that benefit the most in this system are the ones that use capital to remove as many of the control rods as possible to maximize profits. The result is a meltdown. The last one we had was in 2008 and how many people that caused that disaster went to prison? I can think of one.

Don't think that the people that caused that implosion didn't notice that nobody that created that colossal destruction of wealth for millions of middle class people and their pensions went to jail for their actions. The federal government bailed out entire industries to keep further millions from losing their jobs and pushing the world into global depression, which in the short term was necessary but in the long term it told all of these greedy pieces of shit that they will not be held accountable. Then, now, or in the future. The 99% movement was the only real sustained action against the moneyed class and their actions.

The model that has played out over and over through human history in societies is this. Everyone starts out about equal, the wealth over time is concentrated into the hands of the few who then use that wealth and power to further enrich themselves and hold the rest of the population in relative limbo and servitude. The masses finally reach the breaking point, kill all the moneyed interests, divide up the land and assets and the society starts over. A democracy is by it's construction able to withstand this formula for much longer than other forms of government. But it isn't immune. Most democracies in history have lasted a maximum of 200 years. The US is at 240 years and counting.

Like a washing machine that is out of balance sooner or later it blows apart.

 

[beagle9]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

. Capitalism works, but it's how it is run or is delivered that changes the game for many either in a good way or bad.

I like a mix of socialism and "regulated" capitalism. The current problem is that Trump is killing regulations - and many of his NaziCon supporters want to also kill the social safety nets.

. The regulations he has been killing were alledgedly killing capitalism, and without going threw each one being shut down or walked back, then it's not right to say that they were set in place to help capitalism if in fact they were killing it.

 

[S.J.]

I like a mix of socialism and "regulated" capitalism.

Translation:
I'm an unproductive parasite and I want government to confiscate wealth from productive people and give it to me. In exchange for that, I give them my vote.

 

[Toddsterpatriot]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism.

When has Marxism allowed for periods of upward mobility, ever?

Wolff, who advocates moving away from capitalism to a different and better system

First we must kill the greedy kulaks, eh comrade?

 

[TheOldSchool]

Capitalism works because that's how humans work

 

[Contumacious]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

SHUT THE FUCK UP.

THE US IS A GARGANTUAN BANKRUPT WELFARE/WARFARE POLICE STATE.


.

 

[OKTexas]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

Leave it to the OP to think commies know best. ROFLMFAO


.

 

[beagle9]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

Capitalism works when regulating factors on in place, like control rods in a nuclear reactor. Unfortunately the very people that benefit the most in this system are the ones that use capital to remove as many of the control rods as possible to maximize profits. The result is a meltdown. The last one we had was in 2008 and how many people that caused that disaster went to prison? I can think of one.

Don't think that the people that caused that implosion didn't notice that nobody that created that colossal destruction of wealth for millions of middle class people and their pensions went to jail for their actions. The federal government bailed out entire industries to keep further millions from losing their jobs and pushing the world into global recession, which in the short term was necessary but in the long term it told all of these greedy pieces of shit that they will not be held accountable. Then, now, or in the future. The 99% movement was the only real sustained action against the moneyed class and their actions.

The model that has played out over and over through human history in societies is this. Everyone starts out about equal, the wealth over time is concentrated into the hands of the few who then use that wealth and power to further enrich themselves and hold the rest of the population in relative limbo and servitude. The masses finally reach the breaking point, kill all the moneyed interests, divide up the land and assets and the society starts over. A democracy is by it's construction able to withstand this formula for much longer than other forms of government. But it isn't immune. Most democracies in history have lasted a maximum of 200 years. The US is at 240 years and counting.

Like a washing machine that is out of balance sooner or later it blows apart.

Your idea that everyone starts out equal is highly flawed. I would say that everyone starts out with different abilities, strengths and weaknesses, then you throw in their leanings whether good or bad (the parents trying to figure it out daily), and then they enter a free system that gives us all the ability to do well if we apply to the best of our abilities our knowledge and input into the system.

Outside of this we have the safety nets that catch those who fall through the cracks either because of their own faults or maybe by no fault of their own.

The hating of those who have succeeded is an exploitation that is used against those who haven't done well, and it is used to convince those who haven't done well to begin to think that those who had done well of course had stole it from them or had destroyed those who were ripe to be destroyed by every reason known to man.

The poverty hustlers are the most evil humans on earth, and they work directly for evil.

 

[Lakhota]

I like a mix of socialism and "regulated" capitalism.

Translation:
I'm an unproductive parasite and I want government to confiscate wealth from productive people and give it to me. In exchange for that, I give them my vote.

Personal attacks don't make it true.

 

[tyroneweaver]

Things are great for those at the top — but “not at all” for everybody else, the economist says.

Greedy capitalism has led to decades of downward mobility as U.S. business interests exploit workers at home and abroad and automate jobs out of existence in search of greater profits, according to economist Richard Wolff.

In a Reddit Ask Me Anything session on Monday, the economics professor, author and speaker said the U.S. has gone “way overboard” in celebrating capitalism and overlooking its flaws. He put this down to the power of the ideology created around it.

Trump’s massive assaults on women, the labor movement, immigrants, minorities, etc have produced very little mass street action by social movements. How [to] explain such passivity in the face of such provocation? A declining capitalism has so far succeeded in presenting itself as the opposite, a super-strong totality impossible to budge.​

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Inequality born of capitalism threatens the social fabric of the U.S., said Wolff, pointing to the folly of using the stock market as a marker of economic health. Examining additional factors, such as unemployment, wage stagnation, debt levels and the opioid crisis, shows that “for the top 5-10 percent things are going well; for the rest, not at all. And the resulting deepening split between rich and poor has explosive implications for the whole society,” he said.

Wolff, who advocates moving away from capitalism to a different and better system, called on people to organize and to challenge the idea that capitalism is the strongest economic model.

More: Richard Wolff Says Capitalism Drives Inequality With 'Explosive' Consequences For Society

The greedy capitalistic quest for more money and exploitation of workers will be its downfall - and ours. Capitalism is a few for the few - and the hell with the rest. Capitalism is inherently evil. What do you think?

SHUT THE FUCK UP.

THE US IS A GARGANTUAN BANKRUPT WELFARE/WARFARE POLICE STATE.


.

And Lakhota's stypend is one of the government tits he likes to suck on

 

[petro]

Personal attacks don't make it true.[/QUOTE]

many of his NaziCon supporters

Too bad you don't heed your own words.

 

[Lakhota]

Personal attacks don't make it true.

many of his NaziCon supporters

Too bad you don't heed your own words.[/QUOTE]

Was that a "personal" attack? No, it wasn't.

 

[petro]

Personal attacks don't make it true.

many of his NaziCon supporters

Too bad you don't heed your own words.

Was that a "personal" attack? No, it wasn't.[/QUOTE]
Every one of your threads contains the insult that those you disagree with are in comparison Nazi's.
That is a personal attack.
You can't face the reality of the fact that this false superiority is what lost your side the election. It is also why the continued demonization of your opponents is vital. Your threads and posts reek of this tactic.

 

[tyroneweaver]

Personal attacks don't make it true.

many of his NaziCon supporters

Too bad you don't heed your own words.

Was that a "personal" attack? No, it wasn't.[/QUOTE]

 

[impuretrash]

I'm no fan of massive corporations, it's at their behest that mexican migrants flood into our nation to provide them cheap labor at the cost of citizen's safety and way of life. Media corporations propagate divisive, biased news and tech giants censor opinions that they do not like, both work in tandem to prop up the status quo and keep the masses distracted with petty disagreements.

 

[Lakhota]

America at its best is a healthy balance of "regulated" capitalism and socialism. However, that healthy balance is being destroyed by greedy capitalists who want to privatize everything and maximize their profits - from Social Security to our national parks and public lands. They even want to destroy the social safety nets. They have declared war on the poor and middle class. Unfettered capitalism is evil and selfish - and will lead to its own destruction.

75 Ways Socialism Has Improved America

 

[Dont Taz Me Bro]

While conceding that capitalism has allowed for periods of upward mobility ― for example, in the U.S. between the ’50s and ’80s ― that time is over, said Wolff, an expert on Marxism. “In capitalism, workers’ well-being is fundamentally insecure, held hostage to capital’s needs and drives.”

Marxism has always been a huge success..........