Wolff Responds: Worst Decline on Record for US

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Wolff Responds: Worst Decline on Record for US
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RichardDWolff
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Wolff Responds is a @Democracy At Work production. We provide these videos free of ads. Please consider supporting our work. Visit our website democracyatwork.info/donate or join our growing Patreon community and support Global Capitalism Live Economic Update with Richard D. Wolff at https://www.patreon.com/gcleu.

In this short video, Prof. Wolff talks about the grim picture of economic breakdown in the US, what it means for Americans and what we should do about it.

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453 Comments
Auggie Giuseppe
Add a public comment...
DerekSpeare
DerekSpeare
5 days ago (edited)
​"Socialism" is what the rich elite call anything with democratic ideals.  Friedman's claims are absurd and without any legitimate basis in fact other than pulling his claims from his own ass....

105


gabriel frederico
gabriel frederico
5 days ago
Well if i understood right americans are the new serfs of the middle ages

76


Ramon Ng
Ramon Ng
5 days ago
Listening to the brilliant professor, I have said more 'amen's to him, than to my priest..scary, huh

33


B Gypsy
B Gypsy
5 days ago
Starting to get scary.  We have no decent leadership and our country is in the midst of a major social meltdown.

86


ParcelOf Rogue
ParcelOf Rogue
5 days ago
The UK is down a whopping -25%, close to USA's and more than double the EU average of -11.1%

50


iArt
iArt
5 days ago
We all must be unionizes. Very simple! Like we used to be before gangster Reagan.

45


Eryk Space
Eryk Space
5 days ago
The most expensive and stupid thing is when you let others think for you, and you refuze to see what-s going on around you .

83


Tim Dunk
Tim Dunk
5 days ago
Americans believe and promote the idea of being free, without truly questioning or defining what freedom truly is... waving their flag and being religiously patriotic...  praising the word of freedom like a deity. From the outside it seems a tad shallow/glossy, like a programmed ideology.

14


Steve Mora
Steve Mora
5 days ago
The american people have forgotten how to stand up for their freedom and prosperity. Too complacent unfortunately and still many more don't even know what's going on, unless they watch professor Wolff.

71


nole 89
nole 89
4 days ago
He’s twice as smart as any of us.  And Chris Hedges is 3 times as smart.

6


Vladimir_Bone Spur_tRump
Vladimir_Bone Spur_tRump
5 days ago
In the U.S. it's not "COVID 19;" it's "TrumpVirus"

48


Russell Meyers
Russell Meyers
5 days ago
This is one of your best messages ever!

29


DrRussPhd
DrRussPhd
5 days ago
It is past time to storm the Bastille.

46


Ben Reilly
Ben Reilly
5 days ago
We need to get you on Joe Rogan! 🙏

43


Sev'er Dislike
Sev'er Dislike
5 days ago
From a historical context, it took a 13 million+ strong ground up movement of the congress of industrial organizations and the american federation of labor to do anything about the last round of corporatist robber barons. Those capitalists of the past bought and sold politicians at a whim, those capitalists fought tooth and nail to embed their monopolistic business processes into law, those capitalists resented the deal they made with FDR to the point of seething obsession and have spent a century undoing as much of that last great labor movement's accomplishments as possible.


There is no reasoning with capital in the long run, it is a system that can only prioritize the funneling of wealth into fewer and fewer hands over time by its own design. Bargaining with reformists, those like FDR, is a trap and one whose gains are often reversible in less than a generation. The McCarthy era more than willingly showed that card with executions of socialists, communists, and anarchists on falsified evidence. Expecting capital to vote itself out of power, to let go willingly, is a fools errand.


Capital will not let itself die willingly, it will take mass movements to get rid of it, just as it took the black death to shatter the declining hold of feudalism.

51


Political LiL
Political LiL
5 days ago
And we continue to vote them in and support their enterprises whether we need their product or not

50


Jimmy Jazz
Jimmy Jazz
5 days ago (edited)
The Hegelian Dialectic. Problem, Reaction, Solution.  They create the problems which elicits a certain reaction from the people and then offer a solution that only benefits them!!!

18


Christopher Hadsell
Christopher Hadsell
4 days ago (edited)
" … failing to contain it …"  A nurse once explained to me what 'cascading chain of events is.'  This country is dying.

5


K M Miller
K M Miller
1 day ago
Majority of People still in Denial , this is Only the Beginning of what is Worse to come .
Time to grow Food and raise Chickens .

2


Steve Mac
Steve Mac
5 days ago
The 'experiment' has failed,... And,... it's  gonna  get  worse  before  it  gets  better..
.

19


J Martin
J Martin
2 days ago
Most people don't care. The public accepts their licks and is just glad it's not worse. Brazil+ economy is acceptable to most.