Professor Wolff, I thought you'd be interested to hear about or read this NPR story about a Mobile Home Community which, in order to prevent their land from being sold off, created a cooperative and bought ownership of the land. By running the community democratically, the residents have improved their standard of living. Part One is about the poor management and conditions faced by many Mobile Home Communities. http://www.npr.org/2016/12/26/502590161/mobile-home-park-owners-can-spoil-an-affordable-american-dream Part Two is about the community in Minnesota which created the co-op discussed earlier. http://www.npr.org/2016/12/27/503052538/when-residents-take-ownership-a-mobile-home-community-thrives
Dear Professor Wolff, I very much appreciate your videos. I have watched many hours of your presentations since The Zeitgeist Movement shared your October 2016 Update via Facebook. Forgive me if this question has been asked before. How can Worker Co-ops mitigate the problems arising from the growing trend of Technological Unemployment? What are your thoughts on a Resource-based Economy (RBE)? Description of RBE linked here: https://youtu.be/K9FDIne7M9o?t=1h11m < This link will take you to the 1hr 11min mark of an almost three-hour-long presentation by Peter Joseph. This is the part of the presentation where Peter describes the economic calculation of an RBE. To elaborate on the second question, do you agree with the logic presented in the video? Happy new year! Andrew
Hi Prof. Wolff, I hear, quite often, how socialism embodies a state ownership of business and appropriation of surplus, with Cuba and the USSR as poster children for this line of reasoning. But with an understanding, after reading your work of course, that state capitalism is not synonymous with socialism, how do we reconcile this fact with the popular belief that dictatorships or other governmental problems are associated with socialism? Please see this 2-minute clip with Thomas Sowell explaining what socialism is (it’s frustrating to say the least). https://www.youtube.com/watch?v=VnJEUR0gkZo
Dear Professor Wollf, Thank you so much for your energy, commitment and efforts to educate and enlighten everyone out there! Your contribution is priceless. I came across your podcasts on youtube by absolute chance, and I am very glad I did. Have been listening to and watching all your videos I could possibly find. Have ordered a few of your books to get acquainted more closely with your teaching. As for my question, I would really appreciate it if you could speak a little a bit about social movements of the past taking place in Israel; in particular, the history of Israeli Kibbutzim, Aaron David Gordon, etc. would be very interesting. Yours sincerely, Alexander Mundrian P,S. I am a Russian-Jewish Israeli, 31 years old, currently living and working in Germany (Essen, NRW).
33C3 Dieselgate – A year later 2016 https://www.youtube.com/watch?v=4kTd4PWFAGU The exhaust emissions scandal („Dieselgate“) [32c3] 2015 https://www.youtube.com/watch?v=xZSU1FPDiao I just found one more: Software Defined Emissions [33c3] #Dieselgate https://www.youtube.com/watch?v=CCu8XIHjKwc https://fahrplan.events.ccc.de/congress/2016/Fahrplan/schedule/0.html
Could you please offer your opinions and/or commentary on MMT (modern monetary theory), Hyman Minsky, Warren Mosler, Stephanie Kelton, Randall Wray, Bill Mitchell, etc. and how this explanation of monetary systems might relate to economic democracy and socialism.
http://www.forbes.com/sites/bernardmarr/2016/12/23/the-5-most-worrying-technology-trends-for-2017-and-beyond/#2c434ef26a5e These technology trends are already having a big impact on working people's lives. I think you'll find points 1 and 4 of particular interest. Bear in mind that this is Forbes.com
Hello Professor Woff, Just recently discovered Economic Update and have found it immensely informative. Thank you for your work. As Obama is exiting office I am seeing metrics along the lines of the Dow Jones industrial average has increased by approximately 10k points and is getting close to this perceived “magical” milestone of 20k. I am curious as I have been for some time how this metric affects or doesn’t really affect the average American. It seems to be some sort of barometer as to the economic health of the nation but it seems that whether it rises or falls by 1,000s of points it doesn’t seem to impact for instance my standard of living or really anyone else I know who seems to exist in the middle to lower classes. Is this something you could speak about or if you already have could you point me in the direction of a previous episode or possible a good book on the subject of the correlation between the Dow Jones and for lack of a better term the “average” American worker?
Please come to Australia to save us. A possible sponsor may be: http://www.tai.org.au/content/about
Prof. Wolff, what is the role of bond "primary dealers" in the western economies and how are these primary dealers chosen? From what I read here in Brazil, they are pretty much chosen from central bank unilateral decisions outside any democratic criteria. Is that the same in the US? And, for instance, Goldman Sachs is a primary dealer both in the US and Brazil. What is behind all this? Why central banks must use these few financial institutions chosen by who knows what criteria, to "develop the bond market"?
Professor Wolff, In the light of our new political reality in the United States I think it may be safe to say that austerity in forms many of us could not have imagined is coming in the very near future. I am aware that such policies do not have any real effect on relieving national debt and that they drastically damage the quality of services that the working class can afford lowering the standard of living across the board. However I do not understand what the financial industry views as the overall market benefit to these measures. Could you please explain what they believe they have to gain from cutting spending on critical government services?
We all know what the prevailing ideology tells us about the question of "tragedy of the common". I think it is an important question and I would like to ask you to tell us about it.
These workers have no benefits and no job security. They are part of the "reality tv" industry that took hold during the writer's strike in Hollywood. The article asserts that no outtakes from "The Apprentice," which may've contained inappropriate comments from Donald Trump, were leaked because these workers feared for their jobs. Freelance and contract work seems good for employers, but not for workers. The tie-in with the president-elect is nor surprising, but still creepy.