Prof. Wolff Explains why Capitalism is Collapsing

Prof. Wolff talks with Lee Camp on Redacted Tonight about the impact of having Goldman Sachs CEOs occupying positions of power in the White House, the likelihood of another financial collapse akin to the one in 2008 and the importance of promoting democracy in the workplace. 

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  • Maurice Ardon
    commented 2017-03-15 18:40:06 -0400
    Just watched a close to falling assleep Lee Camp as bedtime story became strange.
    Did You actually tell people that company cost saving is only done for profit for the owners? And that you don’t have to fire workers if new machinery doubles production you just let them work half time for same money? Democratic managed by the workers?
    Tell you something, this is called demagogy – the atomic bomb of butter knive right wing populism.

    1.) what about cost saving because the competitor sells for half price and you as the owner of the company doesn’t want to loose all jobs. Fire a few to save the most – not everybody has a monopole on something needed by everybody.

    2.) Who in a democratic worker managed company decides which new machines will be brought in order to double the income (or let them work half day for full pay) of a few workers.
    How fair would it be for work places that can’t be upgraded.

    How to compensate the new 2 shifts communication that additionally arises…etc.

    If one day everybody that wanna make me think that it is possible to fix complex problems with easy solutions dies instantly, would change the world in the most positiv imaginable matter.

    You are sold out I think.
  • Joseph A. Mungai
    commented 2017-03-11 20:00:37 -0500
    No more corporate presidents (5:27)
  • Richard Wolff
    published this page in Updates 2017-03-11 18:01:03 -0500