10 early Soviet films are being aired monthly at the L.A. worker's center. Radio spot was short and the best online resource for further information is: www.hollywoodprogressive.com With the 100 anniversary of the russian revolution these classic films are a inspiration and opportunity to meet other likeminded people.
How would a minimum wage of $15 impact New York's economy? Would this deliver a fatal blow to mom & pop shops that are already struggling to keep pace with corporate America? Are there better ways of minimizing economic inequality?
To what extent was the 1917 Bolshevik Revolution financed / orchestrated by American bankers? Was this revolution more of a revolt of serfs against feudal landlords or alternatively, the use of brutality, terrorism, and mass murder in order to forcefully subjugate a population to a system of rule against their own will?
Hi Professor Wolff, I apologize in advance if you've previously covered this topic, but I have found it immensely interesting for quite some time, and yet I feel like nobody talks about the banking system in its true form. I'd love to get your take on it as your explanatory skills are second to none. The 2014 report released by the Bank of England (link below) outlines how banks no longer use deposits made by customers as a basis to then loan out to others. Instead, when a bank makes a loan, it simply creates the credit out of thin air, and with the newly created credit it also makes a matching debt. The conclusion is therefore that banks are responsible for the total money supply of a given economy - the more people borrow from banks, the greater the money supply. As people pay off their debts, then the money supply shrinks. To my mind, this unrestrained method of money creation is directly responsible for the incredible volatility of the market and the severity of the last financial crisis (economic bubbles and bursts are much easier to fuel and come down with more force when money creation has no limit). There is also the interrelationship between commercial banks and the central bank - the issuing of central bank reserves etc, which I find a little more confusing. Could you please elaborate on this topic in your monthly updates/weekly podcasts, and on any other negative consequences of such a system of money creation? Is the alternative to this unaccountable banking system an interest free, nationalized banking system (like the one in Syria) that works as a general service rather than a profit seeking institution? Without taking much more of your time, I would also like to link this topic of money creation with the financing of government debts (link that may be helpful included below). You've previously mentioned that the wealthy, and the investment institutions of the world are now seeking safer investments in government bonds, instead of investments in productive capital that would (in a perfect world) create jobs and growth for the middle and lower classes. The governments on the other hand, are desperately seeking these loans since they are struggling for revenue that would normally come via taxes and fees. But since capitalism undermines itself by cutting wages, by creating unemployment, and because our politicians are bought and will not tax the wealthy, our governments are forced to borrow to fund services. But by borrowing from the most powerful cliques in our society, the governments now face a strict obligation to compensate their debts - which means austerity around the globe. My question is, why can't governments fund their expenses the same way that private institutions or private persons would - by "creating" credit and an equal debt via the central bank? Would this not give governments breathing space to at least lessen some of the devastating effects of austerity - and not rely directly on wealthy investors/institutions? Thanks! FINANCING GOV DEBTS http://positivemoney.org/how-money-works/advanced/what-about-the-national-debt/ OFFICIAL BANK OF ENGLAND REPORT ON MONEY CREATION http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf NEWS REPORT ON BANKING SYSTEM EXPOSE https://www.theguardian.com/commentisfree/2014/mar/18/truth-money-iou-bank-of-england-austerity
Women will wait 217 years for pay gap to close?World Economic Forums 2017 report for 2017 shows an alarming decline in gender equality in the United States, originally ranked 23 out of 144 countries in 2006, now places 49th, down 4 places from 2016. What's behind this decline?reports can be viewed here. https://www.weforum.org , original story here https://www.theguardian.com/society/2017/nov/01/gender-pay-gap-217-years-to-close-world-economic-forum Also, do you have, or know where I can find data on Life Settlement purchases? I'm interested to see whether or not an increasing number of people are selling their life insurance policies in order to get by.
I want to know if you could expand your economic analysis to include the 22 Trillion dollar capitalist debt with the decrease tax rate to 21% true and immediate effect on our barely recovered economy? If we institute austerity measures today and aggressive payback plan put in place? If we let it go into the People's Republic of China refuse to loan us anymore more as our payback no-return limit of 24 Trillion will officially reached in December 2018. Also, I know you are not a one trick pony, what else to have for the American voter/worker up you sleeve in addition to co-ops? I am quickly becoming a fan. I, too, ran for President in 2016.
i was wondering if you could go more in depth into universal income, shorter work week, and guaranteed jobs. for the guaranteed jobs you could look at china where they had state owned enterprises that aimed to employ every one and they were unproductive, where you had 3 people doing the job of one person. when china opened up and private companies joined, the state owned enterprises found themselves unable to compete.how can full employment be realized in a practical way. as for shorter work weeks, i believe it was you that went over how a few cities in denmark shortened the work week to 30 hours but kept the same pay and still managed to be competitive, if you could go into detail on that it would be extremely helpful. and also the number, science, whatever you wanna call it, how is it achieved. and what are the pros and cons of it
Dr. Wolff: I propose you work with BCorp (https://www.bcorporation.net/) who have a legal lab developing state by state code fragments for charters and such. Bcorp can bring to the DNA of any new coop a triple-bottom-line style of doing business. In the charter and membership agreements are language that indemnify the Board and CEO for decisions that benefit society or the environment but have an impact on the financial bottom line. Armed with such protections a CEO of a triple-bottom-line (financial, societal, & environmental) coop is free to make decisions that benefit society as well as the company. I want to further suggest that you and BCorp develop a cookie-cutter charter for all 50 states in order to streamline the coop creation process even further. If you can produce a set of PDF files people can download and take to a lawyer - this process of spreading the triple-bottom-line coop can proceed much faster. BCorp provides a five point audit of coops so they can tell how they are doing on the triple-bottom-line. Also, there needs to be a funding body for new coops. Despite the solid numbers coops produce - it is difficult to get seed funding from banks. There needs to be a national funding group new coops can rely on for cheap capital to get started with. Thank you for your time, G. Gibson firstname.lastname@example.org
Hello again Professor Wolff. I think you'll find this segment from tonight's 60 Minutes interesting: http://www.cbsnews.com/news/are-u-s-jobs-vulnerable-to-workers-with-h-1b-visas/?ftag=CNM-00-10aab7d&linkId=35629150
Unfortunately, because I love this show, commentary about AA was seriously flawed. "Our primary purpose is to stay sober and help other alcoholics to achieve sobriety." This is why the AA program has succeeded for the decades it has existed. Also what is called "13th stepping" in AA is not a term you want to use on your radio program ever again for any reason. Very derogatory. Every group should (and do) pay rent. AA declines outside contributions from anyone/anything as it would interfere with the primary purpose. The reason it is successful is because it is focused on helping people that need help. If those people go on to do something that helps society, that's fantastic. AA should never be derailed from its primary purpose as it would harm the program and ruin so many lives. The Traditions associated with the AA program where established through trial and error because many people had similar thoughts to yours in the early days. That's why they need to be followed strictly. I love this show and this was really disheartening commentary.
The positive psychology of equality presented in this short video is explained by a famous college basketball coach concerning his working encounter with a world famous athlete: https://youtu.be/bCpJBdIlAzo
As per the notification from the Ministry of Human Resource Development, the examination for the UG Admissions will conduct for academic session 2018. So the eligible candidates who are all prepared to apply can work on application submission before the scheduled date to apply. The JEE Main 2018 will be held in many cities like Odisha, Nagaland, Gujarat, Haryana, Madhya Pradesh and Uttrakhand. So the candidates who are all seeking to pursue their studies in these cities can give their entrance examination as per the source. To get admission, they have asked to fill the JEE Main Application Form 2018 before the last date.
The aspiring candidates can fill their application form for JEE Entrance Exam. Based on the eligible score, the candidates will schedule for the counselling sessions to take part in the institutions like IIT/ISM. So the applicants have requested to visit the official website to fill your JEE Main Online Application and submit. They can handle the application form with full focus because the JEE (Advanced) and JEE (Main) are different. Once the process will be done, you should check out the eligibility details to continue your JEE Application submission. For getting the application, candidates should follow the website www.jeemain.nic.in.
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Democracy At Work's slogan, "A Cure for Capitalism," caught my attention. The word "cure" suggests that the system is open to significant reform, that its most destructive qualities can be eliminated, making it better serve the interests of the vast majority. This is Robert Reich's thesis in his book "Saving Capitalism—For the Many, not the Few". However, isn't the only "cure" for capitalism to get rid of it permanently, surgically remove it from the body politic? Marx showed, I think conclusively, that the nature of capitalism guarantees that it can not be restructured to make it equally beneficial to "all of us". In this week's EU, you depicted the transition to a system based on WSDE's as a largely steady and peaceful process whereby workers abandoned their jobs in capitalist enterprises and formed or joined cooperatives. Eventually, the replacement of capitalist enterprises with one structured around worker ownership of the means of production and, as importantly, upon democratic self-management. (I might point out that a number of people who do not want to work for an employer choose, if they're able, to form their own capitalist enterprises.) I question how peaceful or gradual this process would likely be. Lenin made the point that no economic system has ever been supplanted by another without the assist of a bloody revolution. As I survey the world today, I would bet heavily that the capitalist ruling class would not meekly fade away. If cooperatives came to to pose a genuine threat to their dominance, what do you think they'd do? Instruct their paid-off politicians to vote for subsidies for WSDE's. Not likely. The struggle to end capitalism, if I may predict the future (which I know you frown upon…severely) won't be gentlemanly or ladylike or bloodless. The working class will have to mobilize and fight. What form that struggle will take, whether it be an armed insurrection or based on non-violent civil disobedience, as Chris Hedges prefers, it will involve sacrifice and, tragically, loss of life. Such grand historical changes always have.
Here is a great article from Bruce Alexander, the psychologist who did the Rat Park experiments: http://www.brucekalexander.com/articles-speeches/283-addiction,-environmental-crisis,-and-global-capitalism Could provide several shows' worth of insight! :)