Professor Richard Wolff nails it. Explains who's at fault for the current economy.
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wolf is disappointing. 1/2 hour to wait for his solution. we already know economic history did not have to review with us b4 he gave his solution. what a waste. his solution has been tried and failed. workers are not very good factory managers. that is why they are on the assembly line and not in the exec office.
The reason you have a nice-sized home in the suburbs, are working in a safe/clean environment with fair wages working reasonable hours, your children can get an education for (practically) free, you can call the police/fire/ambulance for (practically) free, you can drive those highways to nowhere to your job, you have a safety net when you fall on hard times, etc. is a result of liberal policies.
You and others should try familiarizing yourselves with the history of this country.
You're right. The history of the U.S. speaks for itself. Free market economics, not Marxism, made this the greatest country in history. On the other hand, sift through the dustbin of history and find the detritus wrought by Marxism, including the Soviet Union.
The reason you have a nice-sized home in the suburbs, are working in a safe/clean environment with fair wages working reasonable hours, your children can get an education for (practically) free, you can call the police/fire/ambulance for (practically) free, you can drive those highways to nowhere to your job, you have a safety net when you fall on hard times, etc. is a result of liberal policies.
You and others should try familiarizing yourselves with the history of this country.
Perhaps you should take off the blinders.
You should not succeed by being given things but rather by earning things. The truth is that I don't need liberalism to be successful.
Here is an economics lesson you should have learned in high school: There is no such thing as a "free" lunch.
What you considered free is funded by taxes. That may be "free" to you if you don't pay those taxes but they are not free.
Typical Liberal that never worked a day in the private sector. He attacks the founder of Walmart who accomplished more in life that this guy could ever dream doing. It is a failure in government and not a failure in capitalism.
The Founder of Wall-mart worked to destroy a distribution monopoly. His heirs hired managers that turned Wall-mart into another monopoly. What really died was Main Street all over the country. The government and taxation had nothing to do with this parody of Free Market Capitalism. Now Wall-mart is competing with itself by starting super Wall marts to take customers away from regular wall-marts. How long is that going to fly?
The bankers and financiers wanted everyone to have a mortgage. Then they blamed the government when just about everyone did have a mortgage including people without a hope of paying it off. The financiers that got in at the beginning made billions and then got out before the inevitable crash. These wise men left everyone else holding assets worth less than they paid for them with borrowed money. Then the losers blamed the government for letting them invest in a housing mortgage bubble. That takes nerve and a huge amount of self delusion.
I am a very left wing liberal and I believe Capitalism works every time the Capitalists let it work. Most of the time they work very hard at preventing the existence of a really free market because free markets are risky and managers are trained and paid to avoid risk.
The film is 1:44 minutes long but you really only have to watch up until the 36 minute mark when the q and a portion starts. So anyway, he goes through the time line of the American economy starting from the late 19th century and explains why government deregulation has allowed corporations to run wild. He even points out the specific problem and offers a solution. After watching this video, you truly begin to understand why people had more buying power in the past than today and it tackles the problem that everyone makes excuses for.
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