Wednesday, November 21, 2012

Wolff, "Global Capitalism," November 2012

Global Capitalism - November 2012 - Professor Richard D. Wolff



(video length: 1 hour, 51 minutes)

Some Richard D. Wolff links:
Professor Richard D. Wolff | Economics Professor, his website
Richard D. Wolff, Wikipedia
Richard D Wolff, YouTube channel
Democracy at Work .info, website mentioned in Wolff's talk

Miscellaneous comments: Wolff presents the compelling case for keeping one's wealth/property in the form of stocks and bonds as those are the property forms least subject to taxation (as long as the powers that be can keep them from becoming a target for taxation). The Capitalist can learn much about how Capitalism operates by listening to Marxists! I often find that the Marxists' indifference to offending the sensibilities of capitalists makes Marxists clearer expositors of how a capitalist economy operates, especially in contrast to the obfuscatory work of apologists for capitalism whether economists, journalists, whoever. Wolff mentions that the suppression of criticism of the economic system in the USA contributes to weakening it, a very good point. Wolff also makes pertinent comments on the failure of the U.S. political system due to its domination by the Democratic and Republican Parties which collaborate in avoiding public discussion of economic issues.