U.S. Elite Fear U.S. Losing Its Dominance - Global Capitalism with Richard Wolff

2023 ж. 28 Қаң.
174 125 Рет қаралды

When an empire is in decline, there is a scramble for people to take and hold on to as much as they can. Prof Wolff takes a moment to explain how the last decades of redistribution of wealth to the upper class is a sign that the U.S. is “a declining empire in which those at the top (the corporate leaders, the wealthy, the political elite, working together, intermarried, and going to the same golf courses) work a good deal to shift the burden of a declining empire off of them and on to everybody else.” While it has been going on for some time, we’re reaching the limit of what is tolerable.
In the full lecture, Prof Wolff explains how this is one piece of understanding not just the military war in Ukraine, but the larger economic war between the U.S. and China. Watch the full lecture here...
Global Capitalism: The Second War In Ukraine [January 2023]: • Global Capitalism: The...
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Пікірлер
  • It looks to me as the U.S.A. has been deep in decline for a long time now. 70-80% Of the population is on antidepressants, antianxiety,- antipsychotic, fentalal or opium derived drugs. Ten of millions of homeless people thru out the nation. Large percentages of the cities in the U.S. are run down ghettos.

    @workwillfreeyou@workwillfreeyou Жыл бұрын
    • I live in a small town in the Adirondack mountains in upstate NY. We’ve had like 30 people over 5 years die of drug overdoses, two murders, cops shot two people, the other night a guy went into Stewart’s and said he had a bomb. The police surrounded the place for six hours until the guy came out. This stuff never happened before, I am 51, never seen anything like it. We also had Israel Keyes, serial killer, rob the bank in town back in 2012?

      @alexhidel3732@alexhidel3732 Жыл бұрын
    • And with all the the priority is banning gas stoves, cheap energy, transrights, and pronouns… yea id say we are fucked

      @jasonhutchins9239@jasonhutchins9239 Жыл бұрын
    • @@jasonhutchins9239 things are surely never getting better

      @alexhidel3732@alexhidel3732 Жыл бұрын
    • 2008...the beginning of the economic crisis.Again) It is capitalism that domination needs crises.

      @Googlag@Googlag Жыл бұрын
    • ​@@alexhidel3732 When the USSR collapsed, homeless people, drug addicts, bandits and prostitutes appeared on the street.I live in Western Siberia, I was 7 years old in 95.. Do you understand everything?What you consider abnormal is a true manifestation of the system of capitalism.

      @Googlag@Googlag Жыл бұрын
  • How would it be possible to maintain such bad behavior as well as the desired respect? US words say savior of the world, US actions say thug of the world

    @jimpugh6357@jimpugh6357 Жыл бұрын
    • you never get respect from slaves .....

      @lucfrombelgium5435@lucfrombelgium5435 Жыл бұрын
    • Struggle for power between east and west. It’s law of the jungle

      @generalstack6540@generalstack6540 Жыл бұрын
    • It matters if you're a leftist or not.

      @beastmode8203@beastmode8203 Жыл бұрын
    • @@generalstack6540 wait till you see what comes with it ☢️

      @beastmode8203@beastmode8203 Жыл бұрын
    • Look at the old British Empire and royalty. Not much to respect there.

      @rogersmith7396@rogersmith7396 Жыл бұрын
  • "Oh, they know the gig is up. They're just grabbing as much as they can on their way out the door." - Chris Hedges.

    @krejados1@krejados1 Жыл бұрын
    • Can u please share complete link?

      @milominderbinder6209@milominderbinder6209 Жыл бұрын
    • And killing people on the way out, its just business for them.

      @freespeech3608@freespeech3608 Жыл бұрын
    • @@milominderbinder6209 OOF! Tall ask (but thanks for asking). Chris Hedges has lots of videos. Rather than comb through them all, let me send this recent release. Chris features in the second half but Prof Wolff's segment is good, too. kzhead.info/sun/hdKvYbqKrn6JY2w/bejne.html

      @krejados1@krejados1 Жыл бұрын
    • @@krejados1 thanks bro

      @milominderbinder6209@milominderbinder6209 Жыл бұрын
    • Like Zelenskyy ..begging and demanding money and weapons..from master puppets 😂😂

      @romavillamiguel9845@romavillamiguel9845 Жыл бұрын
  • America has such a short term memory because their World History is so short compared to the rest of the world.

    @rickyspanish-1@rickyspanish-1 Жыл бұрын
    • The United States of Amnesia

      @alexhidel3732@alexhidel3732 Жыл бұрын
    • They have short memories because its football season, and then the media changes to something else, and then the new survivor season starts… always distracted like goldfish

      @jasonhutchins9239@jasonhutchins9239 Жыл бұрын
    • @@jasonhutchins9239 “bread and circuses” for the sheep 🐑

      @alexhidel3732@alexhidel3732 Жыл бұрын
    • @@jasonhutchins9239 Yes. And "distracted" is right where the sociopathic oligarchs want us. It's the "look over there" tactic for getting nefarious things done. And it's been working for decades.

      @RussCR5187@RussCR5187 Жыл бұрын
    • @@alexhidel3732 why because most Americans aren't tankies?

      @beastmode8203@beastmode8203 Жыл бұрын
  • It is simple armed robbery. Hold a gun (huge military) to someone's head (world population) and tell them what money is (give me your wallet/subjugation).

    @TennesseeJed@TennesseeJed Жыл бұрын
    • Christianity holds a gun to the sheep’s 🐑 head and tells the sheep he can do what he wants, he has free will, but is also told if you don’t do what your instructed your dead.

      @alexhidel3732@alexhidel3732 Жыл бұрын
    • @@alexhidel3732 if people followed the rules, instead of stepping over others and the boundaries of infinite laws and doctrines , I believe we would not be stewing in our own demise down the plugholes. What goes around comes around. You reap what you sow always. USA is, was supposed to have and had solid foundations. Now who self serving, chose to on purpose make changes to rule over others for themselves. By their deeds they shall be known. Do not kick Christianity or many Religions, they to me are inter generational community. The love of mankind at their basic foundation. Not the love of indevilment, satanist, nor false like profiteering on the misery of others. You go to societies with better relationships with others, it works for good reason.

      @marywest6844@marywest6844 Жыл бұрын
    • Mafia is a better word tbh

      @orionmedivh5859@orionmedivh5859 Жыл бұрын
    • @@orionmedivh5859 Yes, extremely organized crime!

      @TennesseeJed@TennesseeJed Жыл бұрын
    • Unless you were born much earlier you're forced to play a game where everything is stacked against you from the beginning.

      @mikesteelheart@mikesteelheart Жыл бұрын
  • Dominance led to a sense of Impunity. Impunity leads to Corruption. Corruption (appearance does not correlate with reality) leads to Fracture. Fracture leads to Collapse.

    @mijmijrm@mijmijrm Жыл бұрын
    • but the US confuses dominance and power. dominance has already lost its power .

      @lucfrombelgium5435@lucfrombelgium5435 Жыл бұрын
    • How does dominance lead to corruption? How does the zoological term lead to an economic crime? Do you lack the education not to make logical mistakes?Political corruption has shown itself in the social and economic relations of highly developed beings .In the Wild, animals do not bribe each other to solve the economic and legal interests of interested groups.Political corruption does not equal dominance in a group of animals. Man came out of the animal world developing intelligence and society.

      @Googlag@Googlag Жыл бұрын
    • Purposeful changes were made, to cater to elite. Just so trickle down would, but did not eventuate. Many people, life is not worth living, if dependent on scrounging to survive.

      @marywest6844@marywest6844 Жыл бұрын
    • @@lucfrombelgium5435 smart cookie, you are.

      @marywest6844@marywest6844 Жыл бұрын
    • @@Googlag Dominance leads to a sense of impunity. Ie. there are no correcting repercussions to improper action. No correcting consequences means improper deceitful action will become norm behaviour and any integrity will be crowded out.

      @mijmijrm@mijmijrm Жыл бұрын
  • Who is winning the war in Ukraine? That's easy, "defense" contractors! And their paid politicians. Boeing, Lockheed Martin, Raytheon...

    @c99kfm@c99kfm Жыл бұрын
    • Qatar

      @beastmode8203@beastmode8203 Жыл бұрын
    • And the top US political elite who are in their pockets, many of whom have huge shares in those companies.

      @Ballardian@Ballardian Жыл бұрын
    • Thats the ultimate truth. The war is for them and for the politicians in Washington.

      @1976athletico@1976athletico Жыл бұрын
    • All the Oil men. If you have the 1956 Hubbert Report, you will have expected Shell's declaration of peak oil in 2019. The only way they can maintain production is an increase in oil price to 100 to 200 dollars a barrel. Tight oil, shale, tar sands, clathrates, and other dregs, are potentially much bigger than the conventional reserves with the difficulty they are much harder, more polluting, and energy intensive to extract. They need the high prices the Ukraine conflict is generating to continue.

      @michaeledwards2251@michaeledwards2251 Жыл бұрын
    • "Boeing, Lockheed Martin, Raytheon..." Don't forget the Russian MIC: Almaz-Antey, United Aircraft Corporation, United Shipbuilding Corporation, Tactical Missiles Corporation, Russian Helicopters, Uralvagonzavod, Irkut Corporation, Sukhoi Company, Sevmash Company, Tupolev Company, MiG Corporation... Russia is the second largest conventional arms exporter after the United States, and Russia's defense industry accounts for 20% of all manufacturing jobs in Russia.

      @lukebandolino882@lukebandolino882 Жыл бұрын
  • THE ARROGANCE AND IMPUNITY LEADS TO A COLLAPSE OF THE SYSTEM WHEN THE CENTER CAN NO LONGER HOLD''

    @Emmanuel-rz2vg@Emmanuel-rz2vg Жыл бұрын
  • Egypt, Persia, Greece, Rome, and many other former great nations never thought that they would fall apart. America, even in the modern day age is foolish to believe that collapse can't happen to them because, after all, the best way to meet your destiny is to run from it.

    @YoJoRockThaBeat@YoJoRockThaBeat Жыл бұрын
    • As an author on the collapse of civilisations, I have recently been looking at "Did the Romans know Roma was collapsing" and the answer is, NO. Im a Brit living in the EU - I can clearly see the UK collapsing before my eyes on an almost daily basis, and the USA collapsing but more slowly. The people in these two countries feel something is wrong, but they are absolutely confident they can fix it. Neither can.

      @piccalillipit9211@piccalillipit9211 Жыл бұрын
    • @Piccalilli Pit Absolutely. The problem could have been prevented much much earlier, had greed not corrupted the foresight of the leaders in the past. Now we're pretty much watching a dying cancer patient.

      @YoJoRockThaBeat@YoJoRockThaBeat Жыл бұрын
    • @@YoJoRockThaBeat - Yes America started its collapse with deregulation and de funding education in the 1980's. The UK was actually going OK ish until the right-wing government cut investment under the "austerity" policy in 2010 and the massive nail in the coffin was Brexit. Possibly the single most stupid thing a country has ever done to its self - BUT pushed by the tax dodgers who wanted to avoid the new EU anti tax avoidance legislation. They were prepared to destroy the country to avoid paying a bit of tax.

      @piccalillipit9211@piccalillipit9211 Жыл бұрын
    • @@piccalillipit9211 those who co not learn from history are destined to repeat it. Not my quote.

      @bobbafett1849@bobbafett1849 Жыл бұрын
    • @@bobbafett1849 - Well at the end of the day - its what empire so. They are born, they rise to power, they stagnate and they collapse and the average time they last is 250 years... For the average person, there is little difference in their life in the 4 stages, it is mostly the psychological element of being in an upwards trajectory or a downward one. I currently live in Bulgaria which is objectively poorer than the USA but we have 1/4 the suicide rate of the USA, the future looks bright and people are optimistic tomorrow will be better than today. In many ways the best way to deal with collapse is to switch off the news LOL

      @piccalillipit9211@piccalillipit9211 Жыл бұрын
  • No need for the elite class to worry. The rest of us can readily see that it has already happened. We stage insane wars for nothing while we debase our currency and refuse to raise our debt limit. Meantime, the rest of the world is pioneering systems for being helpful, caring for each other, and trading for mutual benefit.

    @larrysherk@larrysherk Жыл бұрын
    • The UK isnt - its doing the economic collapse speed run - but here in the EU life gets better every day. As a Brit this cognitive dissonance territory for me

      @piccalillipit9211@piccalillipit9211 Жыл бұрын
    • @@piccalillipit9211 in the EU life gets better? Maybe I just haven't noticed a sarcasm in your last sentence....

      @knightatthecrossroads222@knightatthecrossroads222 Жыл бұрын
    • Good observation

      @generalstack6540@generalstack6540 Жыл бұрын
    • @@piccalillipit9211 EU is on the precipice of chaos. It’s doing the Wiley coyote over edge of cliff

      @generalstack6540@generalstack6540 Жыл бұрын
    • @@knightatthecrossroads222 - for the vast majority of people in the EU life has got steadily better over the last 20 years. In the same time, life for the average person in the USA has gotten worse as it has in the UK. Are there people and regions in the EU where it has gotten worse - sure - but for the vast vast majority of people life is better or MUCH better today than it was in 2003.

      @piccalillipit9211@piccalillipit9211 Жыл бұрын
  • "One of the people shot in California last week told the state's Governor Gavin Newsom that he was trying to get out of the hospital as soon as possible because he couldn't afford the medical bill"

    @Steve19345@Steve19345 Жыл бұрын
    • The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

      @mikelloyd520@mikelloyd520 Жыл бұрын
    • @@mikelloyd520 The wealthy class takers steal the wealth, health and prosperity of the working class producers. Guillotines are advised.

      @kevinschmidt2210@kevinschmidt2210 Жыл бұрын
    • yes, that is true,My doctor prescribed me some medication for diabetes that costs $577 dollars per 30 pills,and I have a good health insurance and it doesn't cover it !

      @isaiah9696@isaiah9696 Жыл бұрын
    • @@isaiah9696 plenty of public money for the military, to invade 100 other countries but fuck all to look after their own people. What a cess pit nation. Thank god for China.

      @mikelloyd520@mikelloyd520 Жыл бұрын
    • @@isaiah9696 I have always wondered why Americans chose to pay so insanely crazy cost for Healthcare under the pretext of its socialist the state to offer affordable health care .but it's not socialist for the state to continually bail out banks and cooperations yearly with free trillions of dollar. I wonder weather the masses lost their mind to believe this shit ,rhat helping the poor is socialism but helping the rich it's ok for the good of all. Well Europe is, America bosom freind yet health care is so cheap compared to USA ,is,Europe socialist ,of course not . In Europe that drug will cost you not more than a hundred dollars

      @esthermoses5068@esthermoses5068 Жыл бұрын
  • Prof. Richard Wolff, thank you for your sincere analysis about the social economic impact affecting our society today. God have mercy 🙏

    @800_k_7@800_k_7 Жыл бұрын
    • He’s a communist. Why would you invoke god? This dude has a first class ticket to hell.

      @orangemanbad@orangemanbad Жыл бұрын
  • We lost our dominance and the world's respect already.

    @timsmith5133@timsmith5133 Жыл бұрын
    • Yes. I respect a lot of gringos, but they tend precisely to be those completely out of the system or opposing it

      @greatredchicken@greatredchicken Жыл бұрын
    • Everybody hates a bully

      @icemike1@icemike1 Жыл бұрын
    • Yes the world laughed at how conservatives embraced man baby Trump. He was the laughingstock of all leaders.

      @eleventy-seven@eleventy-seven Жыл бұрын
    • @@eleventy-seven why you not on frontline right now? Ukrhelper. You don't see, don't understand anything. Why you support Ukraine? You live in Ukraine or what? 4th power make real zombies

      @tymaldo@tymaldo Жыл бұрын
    • You never had the respect in the first place

      @simonbaker7558@simonbaker7558 Жыл бұрын
  • No need to fear losing out. It has already lost its dominance. What we are seeing now are acts of desperation of a dying man.

    @theoracle9873@theoracle9873 Жыл бұрын
  • I actually don't feel bad about this empire choking out of existence.

    @pierrepaul591@pierrepaul591 Жыл бұрын
  • Thank you Professor Wolff! Welcome to our Plutocracy!

    @martinlopez4430@martinlopez4430 Жыл бұрын
  • in a democracy people controls politicians/ in a dictatorship politicians control people Alain ,french philosopher 1885-1951

    @lucfrombelgium5435@lucfrombelgium5435 Жыл бұрын
    • @Joe Malone you wrong In the west democracy is fini shed.....

      @lucfrombelgium5435@lucfrombelgium5435 Жыл бұрын
    • It’s not a dictatorship either here

      @cavegirl3712@cavegirl3712 Жыл бұрын
    • The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

      @mikelloyd520@mikelloyd520 Жыл бұрын
    • @@mikelloyd520 right but why then are the people going along?

      @lucfrombelgium5435@lucfrombelgium5435 Жыл бұрын
    • @@cavegirl3712 here is the dictatorship of the masses called PUBLIC OPINION / everybody agrees without thinking

      @lucfrombelgium5435@lucfrombelgium5435 Жыл бұрын
  • Great video professor Richard Wolff

    @moniqueboyke5879@moniqueboyke5879 Жыл бұрын
  • Most Americans are not educated enough to see this. Lol. 😂

    @Kai-ic4mp@Kai-ic4mp Жыл бұрын
    • And that's by design.

      @rippingtons60@rippingtons60 Жыл бұрын
    • Why do people say this stupid shit.

      @beastmode8203@beastmode8203 Жыл бұрын
    • @@rippingtons60 what you don't understand is the United States will not co-exist as to China that's not an option. Dinosaurs went extinct due to an asteroid humanity will go extinct in a nuclear war for challenging the US Global position.

      @beastmode8203@beastmode8203 Жыл бұрын
    • @@rippingtons60 so that they won't know better? So they would follow, like sheep, whoever the leader or whichever the party they are affiliated to?

      @medialcanthus9681@medialcanthus9681 Жыл бұрын
    • Either was Egypt, Greece, Rome, Britain....since the dawn of man.

      @toddjohnson271@toddjohnson271 Жыл бұрын
  • i like Richard Wolff. He puts my thoughts into words.

    @joeshow8815@joeshow8815 Жыл бұрын
    • Just enjoy the time you have left it's going to be bad ☢️

      @beastmode8203@beastmode8203 Жыл бұрын
    • @@beastmode8203 In a few days you may be envious of the Turkish earthquake survivors as your body is riddled with radiation and burns... all for the sake of a few extra dollars for the weapons merchants and their political lackeys.

      @derikuk2967@derikuk2967 Жыл бұрын
    • @YTCensors You will pray that you could be dead.

      @derikuk2967@derikuk2967 Жыл бұрын
    • @@derikuk2967 far from it because whoever does it will suffer Armageddon as well and so will you ☢️

      @beastmode8203@beastmode8203 Жыл бұрын
  • I wrote a paper on the shifting of debt burden from the high class to the working class and poor demographics. It is evident in the interest rates charged to those respective demographics. For instance, the high class individuals and households have the largest debt burden absolutely and relatively; yet, they pay the lowest real interest on that debt and can even pay no interest since there are laws that allow the rich to claim interest against the tax liability. On the other hand, the poor have the lowest debt burden absolutely and relatively; and, yet they are charged the highest interest rate (up to 500% interest). This difference in the interest charged on debt for the rich and the poor is precisely a shift in the debt burden from the rich to the poor.

    @shaneyaw4542@shaneyaw4542 Жыл бұрын
  • your assessment is so true. ( we need a new system that work for the people our wealth has been stolen for to long and must be stop )

    @derrickwoodruff5216@derrickwoodruff5216 Жыл бұрын
    • Nobody wants to do nothing but complain on yt until Trump say something

      @jmelz155@jmelz155 Жыл бұрын
  • They will do what psychopaths do... undermine as much as possible by murder, deceit, etc.

    @kodfkdleepd2876@kodfkdleepd2876 Жыл бұрын
  • The talk of empire is dated for the circumstances. There are those who are interested in it, but the US and UK are plutocracies and driven by the political and economic concerns of that social strata. And we are afflicted by their despotic madness to drive us (the people into ruin); it isn’t just greed but malignant contempt aimed at us. They are enamored of "libertarianism" yet those in that faction seek to destroy the US as a republic and rule on its ashes. They are indifferent to US empire. The faction of wealth dedicated to this is 700+ individuals and that is a frightening level of hate of the powerful to be aimed at us. They seek not only to be on the top of the pile but smash everyone they stand on. This is a far darker reality.

    @GhostOnTheHalfShell@GhostOnTheHalfShell Жыл бұрын
  • Richard, what does the rich assume their consumer base will do when most of us can no longer afford goods or services? Don't they understand that they need both labour and consumers to survive, themselves? It doesn't happen in a vacuum.

    @antinatalope@antinatalope Жыл бұрын
    • The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

      @mikelloyd520@mikelloyd520 Жыл бұрын
    • they will sail their yacht where-ever they want to and reassess. its all about immediate profits and they have enough to do whatever they want to.

      @Wulture@Wulture Жыл бұрын
    • Producers are the prime consumers of their own products. This is called self-sufficiency. It is the prime reason why hunter-gatherers adopted an agricultural mindset. Tech advances notwithstanding, humans cannot outgrow the agricultural mindset. Food is the core need of all existence. No billionaire or trillionaire can exist without constant access to FOOD!

      @johncarpenter4083@johncarpenter4083 Жыл бұрын
  • well said Richard I wish people would say things like this on mainstream media, but I know it's not in their economic interest.

    @rudysocks2088@rudysocks2088 Жыл бұрын
    • They won’t; because they’re are so afraid of truth themselves. For then not saying it, means it’s not happening..

      @phyllisthompson4207@phyllisthompson4207 Жыл бұрын
    • It’s called censorship

      @sleo3720@sleo3720 Жыл бұрын
  • Bravo! First meaningfull article from USA!

    @roumenbojilov2461@roumenbojilov2461 Жыл бұрын
  • America had more soft-power than any nation that has ever existed. It's influence unmatched. Scores of countries wanted to be on America's good side - they would bend over backwards to get there. Amateurs in the American government squandered that, resorting to using the military where America could have squeezed/charmed/cajoled in other ways longer lasting and more effective.

    @ednagettobed5793@ednagettobed5793 Жыл бұрын
    • @Ednagettobed stop compared our country with something worse always pushing to be better them what you got already

      @LaurianSuzann-ov2ls@LaurianSuzann-ov2ls Жыл бұрын
  • Well said. No one is talking about the elephant in the room , and that is the growing number of foreign currencies that are becoming gold backed while decoupling from the US dollar. When the US dollar collapses, the Wet is finished as a dominant force.

    @dwardt1@dwardt1 Жыл бұрын
    • Precisely

      @billquest5923@billquest5923 Жыл бұрын
    • Which will be a good thing. All once great civilisations have somehow disappeared when they became the bully instead of protectors of values

      @anwaremritte@anwaremritte Жыл бұрын
  • In history all empires and dynasties eventually came to an end no matter big or how powerful they were

    @fullysynthetic@fullysynthetic Жыл бұрын
  • Thank you Sir, you are explaining all those things to us so clearly. One fair thing in this world. even rich people eventually come to an end .

    @petertheodore7242@petertheodore7242 Жыл бұрын
  • Thank you Richard. Much appreciated

    @brianwheeldon4643@brianwheeldon4643 Жыл бұрын
  • Thank you Richard. How will we get this message to the working people? I'm in Canada. And the left hs little influence on the working class. The workers are too tired and have no energy. Let us look at the Latin American left and see how they are connecting with workers.

    @miguelmansururpi671@miguelmansururpi671 Жыл бұрын
  • The American left intellectuals are ethnocentric and don't look down south and that includes you Richard. Bring in people from down south. Love your program. And have listened to you and Harriet for years.

    @miguelmansururpi671@miguelmansururpi671 Жыл бұрын
  • Prof Wolff and the Democracy At Work Team 👍👍👍

    @jacobtang8260@jacobtang8260 Жыл бұрын
  • The wealthiest Americans may be avoiding $163 billion in income taxes every year, according to a report from the U.S. Department of the Treasury. While U.S. tax brackets increase by income, the ultra-wealthy often leverage laws to reduce how much they owe. Financial experts cover some of the most popular tax avoidance strategies.

    @rolandorodriguez6467@rolandorodriguez6467 Жыл бұрын
  • I would not generalize, that it is the US and US only. If you ask the questions, who owns the world, then after some deep investigations you will recognise that it is about 8000 people. That is it! Those bankers and others own corporations through Mutual funds like Blackrock, Vanguard and others... The companies and their CEO-s and others only execute the requests from their owners, and get paid pretty well. The owners request bigger and bigger profits. It is implemented by applying bigger and bigger margins on products and services. You can't have a 20, 40, 50 or 99% margin running a restaurant as a family business. But the so-called high tech, the SW, Services, biotech... the military and some others are pretty well usable vehicles for the company owners to milk the whole world. It is simply insane, disgusting and unbelievable to know how greedy these owners really are. Some biotech companies charge a 99% margin rate on some special drugs!!! Apple to talk into your faces, that they serve You! NO, They and the others are simply ROB You to the bone. With 40 - 50- 60% margins on some "high-end" items, that do what their owners ask them to do. And the very - very few, the 8000 greedy gang-members execute the request with millions of diligent supporters, many of whom are really out of character. Say for example 100 000 professionals work to create products and services, and the total payment of these workers in a year very often less, than half of those, who do NOTHING, just own the company through stock exchanges and dictate the major direction though board meetings and votings. The stock market in the current form is a Huge SCAM. Scam of the cheaters. It does not work the way, it was intended to work 100 years earlier. If you do not believe this, just check for example Exxon. Calculate, what might be the total payment of all employees, and see, how huge their yearly profit was and divide the total yearly profit by the number of employees. There are many things that has NO limitations. But the first, that comes into my mind is the GREED of the gangsters. For this reason, this rotten capitalism will be flushed down the toilet in the next 20 - 50 years, and the process started Not recently, but after 1945, when the US dropped the atomic bomb to Hiroshima and Nagasaki. This is pretty much in a few sentences about How the world currently operates.

    @joepapczun7526@joepapczun7526 Жыл бұрын
  • We have been overspending on the military since Reagan BORROWED 2 TRILLION to start a military spending spree supporting the military industrial complex that continues to this day and leading to the militarism we saw during the W. Bush administration. There is something wrong with spending more on our military than the next 25 countries combined and spending 3/4 of a BILLION EACH on aircraft while our deficit soars, the middle class is gutted and poverty rates increase.

    @ronkirk5099@ronkirk5099 Жыл бұрын
    • I know people put the blame on REAGAN for Reaganomics, but it is forgotten he was conveniently shot before the policies were put before Congress. He had been making deals with Gorbachev and taking other actions which the military industrial complex would regard as undesirable, such as not being keen on nuclear war. Do you remember the VP was a member of the BUSH family, the same family who were buddies with CLINTON.

      @michaeledwards2251@michaeledwards2251 Жыл бұрын
  • From Terence Wise in UK.......Wow what a great video.What a great American gentleman.

    @terencewise7349@terencewise7349 Жыл бұрын
  • I enjoyed listening you brought it all together. J

    @janineskywalker527@janineskywalker527 Жыл бұрын
  • Please dont call political crooks and thieves elite.

    @johnbutler3141@johnbutler3141 Жыл бұрын
  • Well spoken 👏

    @justbe1451@justbe1451 Жыл бұрын
  • Thank you

    @Inpreesme@Inpreesme Жыл бұрын
  • I agree with this

    @marlbankian@marlbankian Жыл бұрын
  • Well Said and That’s the Truth

    @VanlifeNoonan77@VanlifeNoonan77 Жыл бұрын
  • If we talked about how unearned income widens the wealth gap, more people might get outraged.

    @Monkeybongoes@Monkeybongoes Жыл бұрын
  • Absolutely. Very clear crystal.

    @thelion706@thelion706 Жыл бұрын
  • Thank you very much!

    @cesarcalderonvalles@cesarcalderonvalles Жыл бұрын
  • Farewell America

    @errorsofmodernism7331@errorsofmodernism7331 Жыл бұрын
  • These are the same people who said "de-industrialization is good for us".

    @r64g@r64g Жыл бұрын
  • Thank you!

    @LolaBgcps@LolaBgcps Жыл бұрын
  • End the Fed...start there.

    @chuckleaf8027@chuckleaf8027 Жыл бұрын
    • Not going to happen.

      @beastmode8203@beastmode8203 Жыл бұрын
    • @@beastmode8203 You are probably right. Be like taking a whiskey bottle from a drunk..

      @chuckleaf8027@chuckleaf8027 Жыл бұрын
    • @@beastmode8203 and this is the drunk boot licker lol

      @oliviasukamto947@oliviasukamto947 Жыл бұрын
    • Absolutely, amen to that !!!

      @digitalfly772@digitalfly772 Жыл бұрын
  • The rest of the world does not agree that their hard work, sacrifices, migrant work, children's future etc. should enrich the 1% in USA. US citizens can do what they want! PERIOD!

    @wulung5943@wulung5943 Жыл бұрын
    • The people who CREATE the wealth in the first place (the workers rather than the investors) Get NONE of that wealth! None. We call it Capitalism….. It’s all legally stolen by the shareholders only!! Legal theft. So STOP THE STEAL. LOL. That’s the way of the future, socially AND economically. We the people, are sheep and robots. Nothing else…..

      @mikelloyd520@mikelloyd520 Жыл бұрын
  • Very Well Said Sir. Thank You !🙏

    @claudiaalvaran3905@claudiaalvaran3905 Жыл бұрын
  • Facts Facts Facts..Thank you for telling the truth.. bless you

    @ManuelRodriguez-fy1hf@ManuelRodriguez-fy1hf Жыл бұрын
  • Substitute 'elites' for 'bandits'

    @Vengai2080@Vengai2080 Жыл бұрын
    • Out on their asses.

      @marywest6844@marywest6844 Жыл бұрын
  • yes, its all about this and the transition is realy dangerous for everyone

    @3r1cratpool22@3r1cratpool22 Жыл бұрын
  • Excellent!

    @kaytaylormath@kaytaylormath Жыл бұрын
  • Excellent Speech-Salute ❤❤❤❤❤❤❤❤❤❤❤❤❤

    @umeshbhattarai2992@umeshbhattarai2992 Жыл бұрын
  • One cannot lose what one has already lost.

    @skybot9998@skybot9998 Жыл бұрын
    • Sky boot what hell you’re talking

      @LaurianSuzann-ov2ls@LaurianSuzann-ov2ls Жыл бұрын
  • Richard wolf. I love your views on capitalism. We need these type of insights on this topic.I would love to be at one of your speaking events.

    @markpeters7466@markpeters7466 Жыл бұрын
  • Prof Wolff thank you very much for this honest to goodness analysis. The world/humanity indeed needs rebooting ..-and hopefully a better generations to come. His analysis is correct. People need to learn from this.

    @t.g.v.6955@t.g.v.6955 Жыл бұрын
  • Great info. Thanks for sharing and surfacing the truth. 👏👍

    @liamporter1137@liamporter1137 Жыл бұрын
  • Richard. U r correct. The fear had made the US run amok with insanity everywhere.

    @lowcc7602@lowcc7602 Жыл бұрын
  • Very insightful .

    @abuahmed6058@abuahmed6058 Жыл бұрын
  • Enjoyed your insight Richard Wolff, Than You.

    @Lorenzo-ew6so@Lorenzo-ew6so Жыл бұрын
  • The worst thing for the blue collar workers are the blue collar workers , being part of a union gives you a much better chance of getting a fair pay deal. Thank you so much for the video’s, you are the light of hope in a very dark place of the working world.

    @georgefarrington895@georgefarrington895 Жыл бұрын
    • When you're competing on the world stage higher worker wages just guarantee that a country with less worker rights and pay just take your jobs that much quicker. Why pay an American worker $30.hr when someone in Vietnam or Thailand will gladly do the work for $2/hr?

      @markclark3747@markclark3747 Жыл бұрын
    • @@markclark3747 most of Americans are only getting minimum wages, the other side of the coin is a living wage and less crime and a safer place to live maybe.

      @georgefarrington895@georgefarrington895 Жыл бұрын
  • Please discuss the labor practices at the New School. Practically free/donated labor from the professors, low-wage service and security staff, and students paying a shit-ton and often going into debt funding everything. Please discuss this racket. Here in the SF Bay, the former Zen Hospice (a spiritual non-profit) worked the same racket. Zen volunteers provide the image of social goodness, paid staff (looked down upon by the volunteers) do all the difficult shit, and the highly educated and enlightened Brahmins manage decision-making (and get the nice homes and money). Quite the hustle, no? Common to both the left and the right, no? Exploit people's spiritual beliefs, their desire to be good. This is bull shit, no?

    @miramartin-parker3725@miramartin-parker3725 Жыл бұрын
  • Tres bon constat de notre realite. Merci.

    @jean-mariegarcia1477@jean-mariegarcia1477 Жыл бұрын
  • Rentiers are not employers. The FIRE sector (Finance, Insurance, and Real Estate) extracts economic rents from the productive economy. Economic rent is profit that is untethered from the cost of production. Rent on apartments built decades ago are being driven through the roof not because the cost of producing it has increased; what it cost to construct those buildings was spent long ago. Rent is whatever someone will pay. It has nothing to do with production except that rentiers prey on the productive economy to extract as much capital from it as they can. That leaves less that can be invested in plant, equipment, and hiring workers. So rentiers -- especially real estate holding corporations and banks -- are looting the economy for as much as they can grab as it descends into oblivion.

    @billappledorf@billappledorf Жыл бұрын
  • The American dream was just that for the lucky few

    @rob5197@rob5197 Жыл бұрын
  • A great working class channel is Revolutionary Blackout Network. I like the combo of dr wolff and their firsthand lived working class experience and analysis

    @humanitariangenocide8231@humanitariangenocide8231 Жыл бұрын
    • Nick and CJ have had Dr. Wolff on in the past

      @rosariocannistraro3561@rosariocannistraro3561 Жыл бұрын
  • Woooow , what a video, thank you Sir.

    @dennynisevic7848@dennynisevic7848 Жыл бұрын
  • To dominate someone or something, you need to earn respect . Only then it is meaningful . To dominate through bullying is disastrous .

    @DexanLow@DexanLow Жыл бұрын
  • Thanks, Professor. Definitely feeling the squeeze. That said, I am not so optimistic about China’s rise. If there is a serious reduction in Ukrainian and Russian grain and fertilizer exports, the food crisis will set a whole bunch of bad things in motion. That is my biggest concern.

    @AlteredState1123@AlteredState1123 Жыл бұрын
    • History is never linear. It rises it falls. Remember the dark ages.

      @rogersmith7396@rogersmith7396 Жыл бұрын
    • China is self suficient in food ,watch Richard Augilar and CGTN and Reporterfy media travel and Cyrus Jannsen and The china traveler and Blondie in China

      @WANDERER0070@WANDERER0070 Жыл бұрын
    • @@WANDERER0070 Thanks. I will take a look.

      @AlteredState1123@AlteredState1123 Жыл бұрын
  • America , respect to those who died for their countries , whether it be for America or other nation . I would like to respectfully ask why is it so important for people in power in USA to make USA have a strong hold on other nations ? Other nations don’t have to become like America . The American way is not the only right way for society. America is very passionate about their freedoms but why do American poltics s act like america wouldn’t be able to have their freedoms if another nation become more powerful ? Just be respectful to others in other nations , the mentality that america should always rule the world is a weird one . If China becomes more influential and powerful - what does that even change for Americans I really wonder

    @gracesutton1359@gracesutton1359 Жыл бұрын
    • The American military exists due to fearful paranoia. End of line. Never had one before 1941.

      @rogersmith7396@rogersmith7396 Жыл бұрын
    • If China surpasses us China will be destroyed in a nuclear war.

      @beastmode8203@beastmode8203 Жыл бұрын
    • Because ' 'Murica is #1" is the way the U.S. markets itself and if my quoted statement is true, that's how the U.S. keeps making money and how they keep U.S. capitalism expanding. If my quoted statement became NOT true, the U.S. robber barons will leave and we would be left with the ruins. Anyone who is in power knows this and would do ANYTHING to appease these capitalists to keep their power too.

      @Dustin_Bins@Dustin_Bins Жыл бұрын
  • 👍👍👍 Ur absolutely right.

    @ekayonosuwito3298@ekayonosuwito3298 Жыл бұрын
  • Let’s see how confident the 1% is when judgment comes calling

    @teetone3679@teetone3679 Жыл бұрын
  • A few have billions because billions have nothing.

    @andreylebedenko1260@andreylebedenko1260 Жыл бұрын
  • They don’t fear…they know it is inevitable and imminent. ☠️

    @doctoruttley@doctoruttley Жыл бұрын
    • You are absolutely wrong the United States will stay number one or the world will suffer thucydides trap for the 17th time except there will be nuclear weapons involved.

      @beastmode8203@beastmode8203 Жыл бұрын
  • The question is, who really is running the U.S. government? The President is just the public face of the government. The real power behind the government are well entrenched for a long time. Presidents may come and go but these established people are in power for life.

    @tonycaine5930@tonycaine5930 Жыл бұрын
  • Good for them. 😊

    @saraswathiranganathan9229@saraswathiranganathan9229 Жыл бұрын
  • It is those at the top that caused the decline of the empire. Stopped buying eggs months ago.

    @ewalker1057@ewalker1057 Жыл бұрын
    • We won't coexist a second. You'll get the worst outcome you could ever fathom ☢️

      @beastmode8203@beastmode8203 Жыл бұрын
  • Good

    @chrisrodriguez1685@chrisrodriguez1685 Жыл бұрын
  • Fear is usually induced by expectations that you know is going to be realized.......

    @hansweissmann_xviii6754@hansweissmann_xviii6754 Жыл бұрын
  • yes that is true

    @tonikoscho9595@tonikoscho9595 Жыл бұрын
  • SUBSCRIBED

    @obaidulhaque7687@obaidulhaque7687 Жыл бұрын
  • It is a great news 👍👍👍👍

    @nimaramon6340@nimaramon6340 Жыл бұрын
  • The sword of Truth is a beautiful and extremely frightening tool to Weald !

    @Cdarlosfletch58@Cdarlosfletch58 Жыл бұрын
  • They should ! 💥🔥

    @1off39@1off39 Жыл бұрын
  • Brilliant professor wolf. All empire's always eventual fall through over reach and internal dynamic forces that put the people and the empire under strain and eventually collapse or implosion. The question is will the American people survive, and will they be able to reform and change too the new paradigm.

    @barriewright2857@barriewright2857 Жыл бұрын
  • Best news

    @shalinihooda662@shalinihooda662 Жыл бұрын
  • To reduce the fear be less Elite and to retain your hegemony accept others hegemony and to grow yourself ensure others also grow.

    @lushgreendesert3523@lushgreendesert3523 Жыл бұрын
  • It's time to look at progress more than profit. We still need to get the tech out everywhere FIRST. Look into that latest tech in every part of life yourselves. You'll see. The more you actually look into what realistically available, the more you'll wonder why we aren't far more advanced.

    @caseyford3368@caseyford3368 Жыл бұрын
  • Much needed clarity. Thank you!

    @jeffreyluce9502@jeffreyluce9502 Жыл бұрын
  • What dr Wolff is really trying to say is the work/job ideology is over....now let's all be smart, be kind, be one with another and let's help, share, care with one another. Now.. that's the end state to madness!

    @billysmoke2736@billysmoke2736 Жыл бұрын
  • Keep going! You don't need that much money

    @th-bt5qn@th-bt5qn Жыл бұрын
  • BEST THING FOR THE ENTIRE WORLD!👍

    @jayjoseph3104@jayjoseph3104 Жыл бұрын
  • Insane is the right word!

    @hoonai@hoonai Жыл бұрын
  • yes we know about their fear..thats what the madness the last years is all about....but nothing on earth stays the same....it never did and never will.....

    @davidmooten6646@davidmooten6646 Жыл бұрын
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