33 min listen
559: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff
559: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff
ratings:
Length:
40 minutes
Released:
Jul 22, 2020
Format:
Podcast episode
Description
Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality. Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation. Key Takeaways: [2:15] Was Karl Marx's ideas applied wrong? [8:45] "A liberal and a marxist are not the same things." [10:30] What is a Marxist? [12:45] Capitalism didn't make the break from fatalism and slavery that it thought it did. [16:45] Did any country have genuine pure marxism? [20:30] "There's a reason that a very small number of people are capitalists (entrepreneur) and a very large number of people are workers" - Wolff [20:45] How do we solve the issue of disproportionate pay between boss/worker, redistribution? [24:00] How would a company run with a representative republic, cooperative, or directorship? [25:10] Successful Co-op, The Mondragon Corporation. [31:45] What is the Yellow Vests Movement? Websites: Richard Wolff Youtube www.democracyatwork.info www.rdwolff.com 1-800-HARTMAN JasonHartman.com/Webinar www.JasonHartman.com www.JasonHartman.com/properties Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)
Released:
Jul 22, 2020
Format:
Podcast episode
Titles in the series (100)
HS 27 – Steven Greenhut on Plunder: How Public Employee Unions are Bankrupting the Nation: Jason talks with Steven Greenhut who is director of PRI's Journalism Center, which will be launched in January 2010 to provide in-depth news coverage of California government, with a focus on uncovering waste, fraud and misuse of taxpayer dollars. by Holistic Survival Show - Economic Crisis