Is it possible to comapre the economic situations of the people as to at which point the status quo became unbearable in tems of income and wealth inequalities, peoples' pain, national debt etc.....this will tell us where we are now!
Hi Professor, I'd like to have your take on something lots of people say, that only finance capitalism is bad and productive industrial capitalism created lots of good things; that if we could go back to regulated capitalism, the kind that existed from 1945 to 1975 ( coined as the Glorious thirty in France), we wouldn't have the problems of inequality we experience today.
I conclude that we would not have a stock market in a socialist (co-op) economy as "shares" in the enterprise would presumably not be bought & sold as they are under capitalism. But various kinds of financing would still be necessary, i.e. loans of various sorts & arguably bonds. For small scale I can see credit unions functioning well. But what about major investments such as pubic infrastructure? Local governments may not be able to raise the tax revenue. Is pubic banking the answer? We would still need a finance sector of some sort, but what might it look like? Thank you.
Obviously, the rich and corporate tycoons are attacking the middle class....why? because these were the people who formed unions, and built parties like socialists and communists that made them pay their fair share ,,,but they think since they already destroyed the troublesome ones, if they are squeezed further they will still be unable to do anything about it......until only poor and rich are left and the only possible stepping stone between them will be non existant. Then they get back to their business of LEADING the rest of the world to the same conditions. This way there will never be a challenge to white man's superiority.....This calls for immediate action...Thus urgency need to come out more forcefully in Mr. Wolff's talks, videos etc. ...will you please do it or depend on american's desire to fight back or close their eyes?
My idea is to spread a theory that a population reducing its need for income would create a need for workers in the society. It would in essence try to recreate a labor shortage. The money and bills targeted would be the most wasteful costs (and traditions) that produce the fewest jobs, and it would support the creation of efficient social systems to meet people's needs. The people, working half as many hours, would be scarce and worth more. Is this even a valid argument to make in a modern capitalist labor market (in the U.S.)? By that I mean, have we come too far from being scarce to have an effect? Also, does this theory have a name?
Prof. Wolff, you mentioned a couple examples of this in a recent Economic Update so I thought I'd give you another example. Iowa is one of a few states that is trying to woo Toyota into building a factory in their state by offering various tax-payer funded incentives. http://www.desmoinesregister.com/story/money/business/2017/08/15/toyota-plant-could-cost-iowa-hundreds-millions-incentives/556224001/
Taken from the 'World News' subreddit: **This guy is one of the smart people on this thr... https://www.reddit.com/r/worldnews/comments/6tvmif/blackwater_founder_erik_prince_cites_east_india/dlo586k
What are the economic measure public officials must implement to make sure the menance is stopped This is not a question to hear praise about the neo nazis but I would like you tell us what makes them strong and what makes them weak .What economic measures should people push for to stop their horrible agenda.
Over the last year or so, on recent radio stations, Honda Motors has run a whole series of advertisements featuring the "Helpful Honda People", who demonstrate the helpfulness of Honda's personnel and company by assisting struggling people and families with various needs they cannot financially afford to meet. It might be vet care for a cat, or a trip to summer sports camp for a child, or fixing a key item in someone's house. It's nice that the company does this, even though it is for advertisement purposes. But it makes me wonder----How many others are out there, who WON"T be getting help? I always think of America's suffering middle class and working class families when I hear one of these ads. I don't think it would be a bad thing if maybe some other folks did as well. JMO.
Book Title: Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist In Doughnut Economics: Seven Ways to Think Like a 21st-Century Economist, Kate Raworth of Oxford University’s Environmental Change Institute reminds us that economic growth was not, at first, intended to signify wellbeing. Simon Kuznets, who standardised the measurement of growth, warned: “The welfare of a nation can scarcely be inferred from a measure of national income.” Economic growth, he pointed out, measured only annual flow, rather than stocks of wealth and their distribution. Link: https://www.amazon.com/dp/B06X9C63SX/ref=dp-kindle-redirect?_encoding=UTF8&btkr=1
http://rooseveltinstitute.org/wp-content/uploads/2017/07/Monetary-Policy-Report.pdf Thanks as always for your dedication and insight, Joe
When contractors were specialists and could demand premium rates, it was one thing. Now I see a number of contractors who are seeking contract jobs because they don't have employment. I believe these contractors earn less than they did when they were employed. I would also like to know how many employee jobs have become part-time. It's one thing to have a full-time job paying $15 an hour, which is bad enough, and quite another to have a part-time job paying $15 an hour with an average work week of 20-30 hours.
I am curious if there is any sort of quantifiable difference between the prevalence of planned obsolescence of products in worker cooperatives versus capitalist businesses. It is clear that there is a difference at least between markets and planning if you look at products like long-lasting light bulbs and refrigerators in the centrally-planned economies of places like East Germany. Do you know if there is any literature or studies that have been performed on this topic? Perhaps there is an incentive in worker cooperatives to produce longer-lasting quality products or perhaps an incentive even to make MORE regularly-replaced disposable products? I would assume the answer is probably "no difference", but I would like to know if anyone has ever actually endeavored to investigate this topic.