Economic Update: What Capitalism's Decline Means

\\ Economic Update: What Capitalism's Decline Means 119,009 views Nov 23, 2020 6.4K 136 Share Save Democracy At Work 247K subscribers [S10 E46] What Capitalism's Decline Means **Economic Update is a @Democracy At Work production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical. This week's show is dedicated to a discussion of the signs of US capitalism's decline. Wolff explores the passage of US capitalism from its birth, through its state-supported growth and expansion, to its global peaking from 1945 to 2000. He presents the causes of its ongoing decline this 21st century, and then offers a conclusion on the right, center and left political responses to decline. Read the full episode transcript: https://www.democracyatwork.info/eu_w... ____________________________________________________________________________________________ Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback now! www.democracyatwork.info/books "Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism" http://www.lulu.com/spotlight/democra... _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH Jump right in: http://bit.ly/2J3bEZR __________________________________________________________________________________________ Follow us ONLINE: Patreon: https://www.patreon.com/economicupdate Websites: http://www.democracyatwork.info/econo... http://www.rdwolff.com Facebook: http://www.facebook.com/EconomicUpdate http://www.facebook.com/RichardDWolff http://www.facebook.com/DemocracyatWrk Twitter: http://twitter.com/profwolff http://twitter.com/democracyatwrk Instagram: http://instagram.com/democracyatwrk Subscribe to our podcast: http://economicupdate.libsyn.com Shop our Store: https://democracy-at-work-shop.myshop... 1,104 Comments Auggie Giuseppe Add a public comment... Jo Jo 9 months ago Prof Wolff is giving me the economic education I never received at school. It really makes perfect sense to me. 156 Nota Bene Nota Bene 8 months ago “Slavery was never abolished, it was only extended to include all the colors.” ― Charles Bukowski 147 Kobina Sekyi Kobina Sekyi 9 months ago (edited) History with a healthy dose of economics. If students were taught this history, there wouldn't be all this jingoism. 253 treefrog3349 treefrog3349 9 months ago THIS is the type of history lesson our children SHOULD be receiving and that adults SHOULD be aware of. Instead, our society is being continually inflated with naive notions of American Exceptionalism and hyperbolic rah-rah self-congratulatory so-called "patriotism". "My country right-or wrong" sounds noble on its face but the persistent butchery of thousands of people in other lands, and the blatant neglect of its own people's health education and welfare tells another story. America is like a nation of abused children who cannot admit it even to themselves, 193 Frank Nakhai Frank Nakhai 9 months ago THE BEST OF PROFESSOR"S lecture, short , concise. as always. 112 nina schust nina schust 9 months ago Comment for the Algorithm. Plus: “When stupidity is considered patriotism, it is unsafe to be intelligent.” -- Isaac Asimov 126 AK Ken AK Ken 9 months ago I like how he breaks things down so that a layperson can understand. It's unfortunate that most North Americans would rather be entertained instead of being educated. 61 xelakram xelakram 9 months ago This is a great and informative video. Prof. Wolff has the remarkable ability to make complex economic and political developments, both current and historical, one coherent, understandable whole. He gives it all perspective and coherence. Having spent most of my adult life in the field of adult education and having originally majored in economics, I can state unequivocally that this ability is the mark of an extremely gifted teacher/lecturer/professor. It is a gift, a talent which so many scholars lack. Prof. Wolff's ability to make complex subjects both easy to understand and interesting is a strength indeed. Thank you, Prof. Wolff! 115 rippingtons60 rippingtons60 9 months ago I learn more about history and economics from Richard Wolff's programs than I EVER did in school. 55 Scott Leon Scott Leon 9 months ago I feel like I get smarter everytime I hear Richard Wolff talk :) 19 Erin C Erin C 9 months ago This was one of the best economic updates we have had this year. So much information and it's so easily digestible. Thank you, professor Wolff and crew! 25 Jeff Arnold Jeff Arnold 9 months ago It means that politics gets very nasty and polarized between nationalism and socialism. We are seeing it everywhere, not just in the US 167 Scottie Johnson Scottie Johnson 8 months ago Love this guy’s wealth of knowledge! 6 Wanchat Theeranaew Wanchat Theeranaew 9 months ago In "Limit To Growth", the peak is also the beginning of the decline. 72 gardnjw gardnjw 9 months ago Wasn't the "Golden Age" of Capitalism during the years when the government actually took a more active role in the process? 25 Hamid Ramezani Hamid Ramezani 9 months ago I have been in this country for over four decades. This is what I seen so far: USA, endless WARS China, continuing progress If you don’t see where we are headed now. Quick sand