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On Contact: Capitalism in Crisis with Richard Wolff
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RT America
Published on Jul 23, 2016
In this week’s episode of On Contact, Chris Hedges explores capitalism in crisis with Richard Wolff, professor of economics emeritus at the University of Massachusetts-Amherst. From Brexit, to labor protests in France, to Italy’s financial woes, they discuss the effects of austerity on the working class. RT Correspondent Anya Parampil looks at the fallout of Britain’s decision to leave the European Union.

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Category
News & Politics
License
Standard YouTube License
455 Comments

Elirym
Elirym
1 year ago
If you like Chris hedges, search for his YouTube series - Days of Revolt - excellent content and guests with a wealth of information, definitely worth checking out if you haven't seen it

31


minivanjack
minivanjack
1 year ago
So, Chris, "open markets" which USA has not seen a trace of for over 100 years are a "failure" and we are "doomed" unless we have a politburo of corruptible socialist elites determining "policy" for industries and enterprises they know nothing about? I believe that any great thinker or genius can become fixated on a false prize and all of the genius is diverted, perverted to a futile cyclical cry for "justice" based on an unsupported ideological dream, not any pragmatic vision.

3


Dave
Dave
1 year ago
Just a quick word. The intro to this show SUCKS. You can barely make out anything Chris says. Please fix this terrible intro. The echoing is unbearbale.

22


jo ellis
jo ellis
1 year ago
Jill Stein will be on the presidency ticket in November 2016 as a green party nominate.  If we really wish to change the system from bottom up, don't waste all the effort by Bernie's groundwork.  Vote for green party Jill Stein.  Don't toss out your vote to either criminals between Donald Trump/a Con-Master whom wishes to have everything 1% took from the mass, turned into his own possession.  Trump doesn't  hate 1%, but jealous of what 1%  wealth, power and fame not his own.  Hillary absolutely a certified war criminal, how far one wishes to be pushed all the way down the cliff by these two evils?  Makes your mind to save yourself, your family, your children and theirs.  Most of all, save the human race  and our world from Hillary and Trump.
 
15


Picasaa P
Picasaa P
1 year ago (edited)
OMG! TRUTH! Thank you! You brought a tear of joy to my eye. Curious why not mention the trillionaires, aka Rothschilds, that run the billionaires and have planned ALL of this for centuries?

7


slippyC73
slippyC73
1 year ago (edited)
I caught this on RT late last night.  Glad you got your own show Chris!

Has Chris got a twitter account?  Anyone know?

9


Dennis Cambly
Dennis Cambly
1 year ago
Perhaps you can let people know Capitalism is directly in opposition to Democracy.

29


NATURAL LAW
NATURAL LAW
1 year ago
"Corporate Capitalism" ?   Why do people refuse to see that this is a Natural progression of Capitalism. Whether it's Corporations, Governments, Banks or Elites, the inner workings & outline of this type of System creates Inevitable Stratification of Power & Wealth. The Incentives have Always been there for this to eventually to take place. NLRBE!

3


harveybirdmannequin
harveybirdmannequin
1 year ago (edited)
FBI is corrupt. FBI is protecting Hillary CLINTON.
FBI can't even put Hillary CLINTON in jail. What makes you think that the FBI will protect Muricans? FBI is too heavily politicized. They are corrupt just like the politicians. You can't expect the FBI to protect you.
Muricans need to keep going to gay nightclubs because if we all stop going to gay nightclubs then the terrorists have won.

10


mastertheillusion
mastertheillusion
1 year ago
Capitalism in and of itself fosters overwhelming greed. We need a new model for the whole planet that evens the playing field for every human being in existence.
We need a fusion of the best for what is next.

2


Leland Somers
Leland Somers
1 year ago
Banish private banking altogether. It is little more than a parasitical growth on the world.

2


Christine Jones
Christine Jones
1 year ago
The only recovery happening are the profits being made by the right wingers in south America...

2


Maggie Lomax
Maggie Lomax
1 year ago
The opening credits for On Contact with Chris Hedges are not good. Hilariously serious.

2


*Jack* *Frost*
*Jack* *Frost*
1 year ago
vote jill 2016!!!!!!

2


jonesr227
jonesr227
1 year ago
It is crony capitalism that is the problem, that is, the involvement of government in the free market. Why don't you talk about the failure of socialism in Venezuela?

1


init4fun
init4fun
1 year ago
Damn! Who gave Hedges a show? Oh, shit! All hell broke loose. Get 'em, Chris!!! YUUUGE fan! Much love and peace to you and yours.

10


lbathon
lbathon
1 year ago
Yes, the intro is very lame. Hedges must let his guests complete thoughts.

1


Paula Laflamme
Paula Laflamme
1 year ago
Collapse is a long-term business plan for those with ready case to buy up the land below the rubble.

1


DigitalHobby
DigitalHobby
1 year ago
Great show !

1


conservativeautocrat
conservativeautocrat
1 year ago
I very much understand the need to fight against the international banking system that has been making a mess of things,but I don't understand the continuing blaming of the philosophical worldviews of fascism and national socialism which have not been put into political practice since the middle of the 20th century. Both the political practices of capitalism and communism are the ideas that have had a major influence on the whole entire world since the end of World War II that have been making a mess of the world on so many levels. It's so completely ridiculous for these people to think that communism will work out so great for them and can't realize that it works against them. As Jewish philosopher Karl Marx had said "What is the real basis of the Jewish religion ? Practice need,egoism. The God of practice need and egoism is money. Money is the jealous God of Israel before whom no other God may endure. Money debases all gods of men and transforms them into commodities. The God of the Jews has become the God of the universe. The real God of the Jews is money. Their God is only an illusory bill of exchange". This is what the founder of communism himself had said and these people have admireration for the worldview of communism and they have major attitudes and problems with the ideas of fascism,national socialism and other true nationalist worldviews who's main concerns is to be in the service of the nation and people and by fighting against the power of the international banking system.
 
1


Antonius Stradivarius
Antonius Stradivarius
1 year ago
Chris Hedges with new "Days of Revolt". I'm glad.

1


payank505
payank505
1 year ago (edited)
In 2005-6 I was at a number of forums for "C" level executives (CEO, CFO, COO, COB) in NYC focusing on hedge funds, Wall St, and the financial markets. The plan they preached was their accumulating every dollar not nailed down, then the other ones that were. They know the world economy is built on nothing but speculation which they control. Their goal is to own ALL that has REAL value, mostly real estate and natural resources! And they (read hedge funds) are doing it NOW.

1


Shmegal Frufpan
Shmegal Frufpan
1 year ago
Very interesting discussion, this is why RT is awesome

3


Carolyn de Lara
Carolyn de Lara
1 year ago
Just love this and the discussion! Cant like it enough. I subscribed. Keep up the great work Chris! We need to know what the Corporate Media isn't reporting.

1


Semantics Simple
Semantics Simple
1 year ago
There is no capitalism in this world. There is no such thing as too big to fail in a capitalist system. There is no such thing as bank bailouts. There is no such thing as bailing out auto companies or any big corporation. In a capitalist system the market determines interest rates not a privately owned central bank. In a capitalist system all those bank's that took on unrealistic risk would have failed, instead they got to keep all their profit and we the taxpayer got to cover their losses. In a capitalist system the bank's that only took on manageable risk would have greatly benefited from the greed and failure of the others. Our system is fascist pure and simple, the merger of state and corporate powers.
 
1


Fred Dietz
Fred Dietz
1 year ago (edited)
With the American left, I don’t know what’s going on with Bernie Sanders anymore. I don’t think he knows. I think he’s getting pulled in separate directions—one, by his campaign insiders who have their own careers in the Democratic Party to consider, and the other by his supporters in the general public who don’t care about “Democratic Party” or necessarily any other party.

There’s now a Huffington Post story of Bernie Sanders scheduled to meet with Hillary next week—meet with the war-hungry corporate interventionist, the war goddess herself. And if Bernie lets himself get assimilated into Hillary’s campaign, that’s it—his credibility is shot. 

Meanwhile, the corporate press is having a field-day with all of this. You know, if you were some bigwig of ABC or CBS, this would have to be your “day in the sun”—you couldn’t hope for a better chain of events than those of the past 2 months. 

And throughout the American public there’s complacency and acquiescence—even though now were left with 2 Wall Street representatives to choose from for our nation’s highest office. And what’s our avg household debt, mortgages included—something like $140,000 per household? You have an American public that cannot even think without Wall Street telling them what to think about, care about and believe in. I don’t see this ending well for us.
 
1


snipervictim
snipervictim
1 year ago
This is a good show and very truthful I know there are going to be people yelling as loud as they can it is Russian propaganda but it isn't.

8


Huevo Duro702
Huevo Duro702
1 year ago
Now we need is Seymour

1


Peter Knopfler
Peter Knopfler
1 year ago
9 spoons of sugar in a regular coke, shame sugar diabete a pandemic propmoted by coca cola shame corporate greed kills humanity slowly but surely, Cancer loves sugar loves coca cola.

1


DIfreighter watcher
DIfreighter watcher
1 year ago
RT Thank you for giving Chris a platform for intelligent conversation.  I plan on watching every show.



Paul Ellis
Paul Ellis
1 year ago
Capitalism is not in crisis.....what bullshit.  It is merely government interference with the natural dynamics of truly free markets that is at fault.  Corrupt institutions backed by government force is not capitalism, it is legalised Mafias.



bluekron77
bluekron77
1 year ago
what do you want?  socialism?



Max Mustermann
Max Mustermann
1 year ago
[10:37]  ... that is incorrect!
...Check your facts!



Tubelaw
Tubelaw
1 year ago
Does someone have a link to a story about these leaked emails that Hedges mentions?



TheChats02
TheChats02
1 year ago
Why do we have to be tortured by on Contact's Introduction?



bigtruck guy
bigtruck guy
1 year ago
Chris Hedges for President.



Charles Littles
Charles Littles
1 year ago
Great show Chris!



moseybear
moseybear
1 year ago
RT ... please adjust your audio volume levels.  They're too low.  Thanks.



Ted Metrakas
Ted Metrakas
1 year ago
What does "on contact" mean



M.M. March
M.M. March
1 year ago
roaring good start.  looking forward to more.

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