Big Picture Interview: Economist Dr. Richard Wolff, Capitalism's Crisis Deepens Essays on the Global Economic Meltdown/Democracy At Work. As Republicans push for this murderous healthcare, Americans are literally dying, increasingly as a result of opioid overdoses. Does this omnipresence of death in American society tell us something about capitalism?
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So Trump had nothing in mind. One of his half-assed election promises "replaced Obamacare with Something Wonderful." When he became president, seems he had nothing in mind.
"Just let Obamacare implode." A sure sign of feckless leadership.
11:04 Living better than generations before them? Secure jobs? Well-paid jobs? Don't feel disappointed and betrayed? I'm living worse than my parents did and my kids are just sleep-walking through life with horrible jobs that pay subsistence wages. It's like what Mad Max said: "If you go out there into the world, you're going to find a whole lot of nothin' and at the end of the desert is a sleaze pit called 'Plutocratic City'."
I saw a black man, about 60 and quite feeble, sweeping dust and debris, with his own broom and bucket, in front of the doors of businesses for a couple of bucks per job. I saw another black man, about 50, shoveling snow for an apartment building for $5 bucks from the janitor. The 60 year old man was so exhausted he fell down and broke his hip prompting me to call ambulance for him. People on the elevated train and on the bus, mostly black, are begging for change and bus fare every day. But it's not just one ethnic group. Everyone, who is not rich, is suffering. There is not rich and poor, there is now super-rich and the destitute. Something has to be done. How do we stop this?
(A+) 99% - Exceptional! You both have NAILED the substantive issues in the current ideology of "medical care" and "reconciliation;" the historical contextualization of so-called "Conservative" and "Liberal" Health Policies is useful and important. The "omnipresence of death" (TH) and the Immorality of the Republican Tax-Cut-for-the-Richest-Plan. God Bless! Love
Richard Wolff is nothing more than a propagandist selling the snake oil of communism X people are the bad people! X people caused all your troubles! Trust me or those I endorse to protect you! even though they have all the same reasons to betray you as those he says you need protection from. Implement this and never work hard or at all again! Classic Conman jargon that has been suckering in fools since the beginning of time.
Nobody is getting hurt, unless you are going to start counting the poor, why count the poor? there is soo many of them, this plan won't work if you want to count them. Money counts count the people with money, everything will look good then!
They Don't Give A Shit who & How Many Die. As long as the Greedy Capitalist get there Tax Brk. They could Care-Less. Where All on a 1 Way Ride 2 the BOTTOM ! ! ! Enjoy the Decline, every 1. Enjoy . . .
The New School is a hotbed of anti-American (((Marxists))). Look at the word "Progressive" as it was understood after WWI. Wilson was a "progressive". The word was so discredited that 3 generations had to pass and new metaphors for Collectivists (like a bastardization of "liberal") had to be evolved.
lol, we are not ensured a good education in this system, one has to buy it- and if one does it on one's own, one does not have that piece of paper saying so. Real health care is under prevention being the best cure, which means nutrient dense food- I remember an article years ago about a LA emergency room being shut down for a week - there were actually fewer deaths that week the hospital was shut down! Thus the doom and gloom scenario here is more distraction from a focus on real and effective change. Remember, there are people who say their health and longevity is die to never going to the doctor.
“Socialism, like the ancient ideas from which it springs, confuses the distinction between government and society. As a result of this, every time we object to a thing being done by government, the socialists conclude that we object to its being done at all. We disapprove of state education. Then the socialists say that we are opposed to any education. We object to a state religion. Then the socialists say that we want no religion at all. We object to a state-enforced equality. Then they say that we are against equality. And so on, and so on. It is as if the socialists were to accuse us of not wanting persons to eat because we do not want the state to raise grain.”
― Frédéric Bastiat, The Law
tags: 1850 222 likes Like
“The state is that great fiction by which everyone tries to live at the expense of everyone else.”
― Frédéric Bastiat
tags: bastiat, france, government, history, liberal, libertarian, philosophy 192 likes Like
“If the natural tendencies of mankind are so bad that it is not safe to permit people to be free, how is it that the tendencies of these organizers are always good? Do not the legislators and their appointed agents also belong to the human race? Or do they believe that they themselves are made of a finer clay than the rest of mankind?”
― Frédéric Bastiat, The Law
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“Life, liberty, and property do not exist because men have made laws. On the contrary, it was the fact that life, liberty, and property existed beforehand that caused men to make laws in the first place.”
― Frédéric Bastiat, The Law
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“Everyone wants to live at the expense of the state. They forget that the state lives at the expense of everyone.”
― Frédéric Bastiat
To fix health care in the USA all you have to do is remove the AMA's monopoly on licensing medical personnel and the control of prices remove the FDA or at least the revolving door with Big Pharma and the FDA and let insurance be sold across state lines in a truly competitive manner. But none of that will increase government power or give the population a free lunch so it is unpopular and Communists can't get fools to follow them if a problem is solved.
The United States government is indeed the GREAT Satan!! Who in the hell gave the USA the right to violate the sovereignty of other nations. Why is the USA fomenting warfare around the globe. We are the stimulus to global militarization. We sell arms all over the globe. One day, one of the major powers that our military threat caused to rearm---read Russia, China (North Korea) will march down Fifth Ave to the Russian National Anthem, and the USA will be in the dust bin of history. We need revolution in this nation, we need it now, but there are no heroes to lead the People. The police and the military are in the control of the neo-cons, the rot of the system must gather strength, then the change will come. Thank God I will be dead, I hope, before the average Joe decides to take his automatic weapon and kill the rich, their surrogates in government and the poor bastards in the military. May the Democratic Republic of the United States be re-established and the super-rich destroyed and never allowed to rise again!!!! Amen.
I sit here with my mind spinning, wondering what the hell will the 20% do with all their nasty ill-gotten wealth? Now that NAFTA is here, and they can obtain CHEAP LABOR all over the Planet, I believe is the very reason, why they are being this EVIL, GREEDY & SELFISH! For they could NOT spend all that ill-gotten wealth in 500 years! WHY, I keep asking myself and the only answer I can conclude is that these so-called humans are NOT HUMANS! They must be Satan Alive & Well, DESTROYING any and everything but themselves! How 47% of Americans elect these Evil Doer's into office, one has to wonder, are they Satan Worshiper's?
Like the late great George Carlin used to say is that we keep electing these rich cocky suckeres who do not care about you AT ALL.... They OWN YOU and they will get what they want which is more for themselves (money, power and control) and less for every one else.... the table is tilted, the game is rigged ...and nobody seems to notice, nobody seems to care... it is really said, humanity is going down the hill in a collision crash and even the greedy evil- minded elite and their siblings are going to pay the heavy price too; it is totally stupid, narrow- minded and short-sighted. Save my words and BEWARE.
I'd like to add something btw. As a European citizen (dutch), I've been listening to the comparison between the American health care system and the various European ones with some surprise. Our "conservatives" have been trying to do the exact same thing the American ones have done. Over the last 10-15 years our healthcare system has declined steeply. Costs have gone up immensely, while the quality of care has dropped. This has now reached the point where you start to see people not going to doctors when they really should because of costs. The Netherlands is not the only country where this is happening in Europe. I've always seen our policies as the American policies of 20 years ago. Privatisation is killing Europe just as it has already killed America, we are just a little behind. This is not the Walhalla that Dr. Wolff is describing, and with the exception of the Greeks and the French the people are fast asleep. This is a global disease and it should be looked at, and treated as such.
Don't make the mistake of thinking the Democrats are any better. As far as I'm concerned the only difference between the two parties is the way they present themselves: Republicans are wolves, Democrats are wolves in sheep's clothing. They are both run by the ultra-rich and most importantly they both don't care about the people at all.
That's because america is a fascist state where everything goes to the army so that they can plague the world in a neverending game of worlddominance. america needs to replace all the criminals leading the country with a proper dictator by the people...
Death is a normal obligation to the life your parents created so charge your parents with manslaughter. The healthcare industry is a profit-driven entity. There are more Americans in the veterinary medicine field then human medicine because animals are worth saving. They are so cute and innocent. Humanities responsible for 25% specie Extinction in the value of human life lies between the ears there for it's a a mental issue. I personally consider the entire healthcare issue just another racist arguments.
trump supporters will never see reason, they are too emotionally invested in the pride of "winning" and also spite against those who think that culture should evolve beyond the 1950s, they would rather the world end then deal with reality, "better dead than red"
28,000 people dying over ten years is the equivalent of a city like Greensville, North Carolina just VANISHING off the map. Imagine. Every ten years Greensville, GONE! Newark. GONE! Lincoln, Nebraska. GONE!! Toledo, Ohio. GONE!! That's the human toll of the Republicans "wealthcare" bill.
Chocolate chip cookies, hey? Maybe I should start smoking weed. Seriously though, I know what you're getting at, but greed has been around forever; certainly long before capitalism. 2000 years ago someone said the love of money is the root of all evil, etc. Fact is, humans are still, very much at the mercy of their most primitive urges of sense gratification, and all of the hoarding that goes along with it. The Human would have to have a renovation of the psyche unlike anything heretofore seen in the post ice age world in order to avoid the inevitable disaster that most likely is right around the corner.
Mind altering substances? I'm tired of that song & dance from people like economists & reporters. Mention oxygen too then since it can also be thrown into that category if opiates are going to be grouped in that fashion. O2 also requires prescriptive authority & everybody should know about that. Life is the addiction for those giving up. Stop crediting medication & demand free choice absent of doctor & bureaucrat control. It's MY life!
Medicare leaves the criminal cartel of medical/insurance in place. Paying cash should be possible, and it will be when competition brings down the cost of actual care by 90%. As it is, it's cheaper to take a flight to Thailand and stay in a hospital for 3 weeks than book a minor surgery in the USA where they throw you out after a few days and you might pick up a hospital-bred bug. "Insurance" for medical care is fake, when you have a deductible of 3 months pay and cap of a years pay. You would be better off saving the money and being careful.
If we want to talk to conservatives, talk about efficiency and cost effectiveness. Inserting health insurance companies (with their huge overhead and executive pay), is a giant inefficiency. Doctors hate insurance billing. There is literally *nothing* positive about our health insurance industry, other than a make-work program. Free market doctors can offer unlimited office visits for $39/month for a 29 year old - no insurance accepted.
Turn Medicaid/Medicare into a "Master List/Fee For Service" model that instantly pays a standard rate to any doc/dentist office. Every Doc/Dentist is on the network now. The top docs & dentists will be able to charge more as a copay. Part of the "Basic Income Plus" program is $200/month into a Health Savings Acct for healthcare spending. This gives every citizen the power to go and pay for any medical care.
Woo Hoo Wolff you da man, if I thought it would matter, I would help you run!!!
How do you feel about running for office from behind bars? The last marxist who ran did just fine, won the vote from behind bars, though he was cheated out of it.
Q: Fyi 2nd most common cause of death for white males over 40? Hahahahaha will it be like "Faces of Death" where they show the Chinese executing Opium addicts?
UK has been the very largest Opium Distributor throughout their modern history.
White Genocide, White Flight?
I have a prediction as well:
The US will succumb to Ceaserism just as Spengler predicted. At some point the US will be a Kingdom of only elites, and their slaves.
Automation will end the enslavement.
Meanwhile the other 9 Kingdoms will have to cope with the scraps of what the capitalist racketeers leave behind, if anything...
A:Suicide by gun!
Too bad Mr. Wolf and Hartmann believe all money comes from rich people. Like the US Government is not the sole issuer of the dollar. Their holy than thou and know everything about economics attitude is what is going to keep us from having a single-payer system. Know why? Because we can already see that there are not enough rich people to fund such a program. Hell, they can't even keep the ACA going. Why do they continue to ignore that the US Government is the only agency that can fund single-payer? The US Government is the only agency that can never go bankrupt. It is pure stupidity to think otherwise. Why doesn't someone ask one of these learned men where the hell they think money comes from? Oh never mind . They think it comes from rich people. What assholes.
Far from it. I believe that it is the government's responsibility to properly fund the private sector for a healthy economy. I believe it is the right of every citizen to be able to take care of their families - see a doctor when needed, self improvement through education, and the ability to earn a living wage so they are not dependent on charity in order to survive. Currently our government is not spending for the public good. Instead it is doing what it thinks is best for the corporations which our representatives mistakenly believe will take care of the rest of us. My aim is to make the wealthy irrelevant, not to destroy them. My head is totally out of my ass. LOL
The US Government could close the income wealth gap if it chooses to do so. It can be done by implementing #MedicareForAll, funding free education and installing a job guarantee program. This is not trickle down economics. It is MMT.
She never said that our government shouldn't tax the rich. She simply stated that taxing them isn't necessary to fund spending on the federal level. The Federal Reserve as authorized and appropriated by Congress does that on its own via keystrokes.
Moreover, as the sovereign issuer of our currency, it can hypothetically create an infinite amount of dollars (even though it probably shouldn't). The only time it really needs to tax at all is after the economy reaches full employment and inflation sets in. Federal taxes help keep inflation under control by removing excess dollars from the economy but they are immediately deleted out of the system via keystrokes upon being paid and do not fund spending.
When inflation sets in, you can (and probably should) tax the rich all you want to.
The United States is not a developed nation. That's a myth. Just drive through the midwest or the south. It's a 3rd world oligarchy. In 20 years, it will be more like an African country with no government, no infrastructure, no middle class, just wealthy war lords and sick and starving people... unless those people rise up and come after the oligarchs and their minions before it's too late. And it's all because of one woman: Debbie Wasserman Schultz. Amazing.
universal health care that's great, but why does 70% of UK people have private health care on top of universal health care, or why did the prime minister of Canada come to America for treatment when he got sick. the solution to health care is not more insurance but less insurance except for hospital visits and emergencies. why does it cost 100 dollars for a dentist to spend 5 minutes to look at my teeth when I don't have an issue, insurance. because the consumer does not see a bill for a simple doctors visit the doctor can charge whatever he likes to charge and the insurance will play it. if doctors had to complete against one another competition would help reduce costs and increase quality of health care.
Why did I have to go to Canada for a Hernia operation that used technique that is proven healthier and cost me a fraction of what it cost here? Ask a typical Canadian they like their system. I know I lived there for a few years for work.
Universal health care is cheaper, more efficient with better medical outcomes..IE Were 7th in infant mortality statistics..all above us have a version of universal health care...Your blowing smoke.
The Republic is dead. It isn't coming back. The corporate state has no morality, no ethic, nothing at all to keep it from taking all it can, regardless of the pain, hurt, suffering of those who they crush in the process. You are not humans, you are debt slaves and worker drones. They no longer even bother to hide their corruption. They believe themselves now too powerful to challenge. They have militarized the police and created the most sophisticated surveillance in the world. They are ready for your dissent, ready to break your bodies, your spirit, your life. It seems the choice is conform and live a half life of servitude, or die a "radical." I'm glad I won't be around for the full Orwell. What I see right now blows my freaking mind. Never in my wildest nightmares did I ever imagine that America could become so socially programmed, so sedated, so ignorant....America you are doomed
I respect Richard Wolff and his heart is in the right place, but he like most other academics, is stuck on gold standard logic when it comes to economics. I really wish Thom would have an economist who understands modern monetary theory (MMT) like Stephanie Kelton (Bernie Sanders's chief economic adviser), L. Randall Wray, or Warren Mosler on the Big Picture instead of Wolff.
In the old days prior to the collapse of the Bretton Woods system in 1971, the US dollar was pegged to gold which meant that federal spending was constrained by the amount of gold reserves in the economy. Thus in order to compensate for the limited amount of spending it could do on its own, the federal government had to rely on revenue from taxation in order to fund most things.
Nowadays on a fiat currency with the ability to hypothetically create an endless amount of new dollars out of thin air, it no longer requires tax revenue to fund spending. However, it does still need to tax in order to keep inflation under control. This is something that Wolff and many other economists that claim to be progressives don't seem to understand.
Yes, taxing the rich will help reduce wealth equality which admittedly is a major problem in this day and age when neo=liberalism rules, but they aren't going to fund things on the federal level like a national single-payer healthcare system, tuition-free college, green energy, improved infrastructure, etc.
Nope not drunk. Wolff like most people stuck on gold standard logic wrongly believes that revenue from taxation is necessary to fund federal spending. Ever since the US came off the gold standard and onto a fiat currency with a floating exchange rate, our federal government can hypothetically create and spend as much new money into existence via keystrokes as it wants to (per Alan Greenspan).
The only time that the government really needs to tax is after we reach full employment (which we are currently nowhere near BTW) and inflation sets in. Federal taxes help keep inflation under control by removing excess dollars from the economy, thus giving our currency value. But they are immediately deleted upon being paid and therefore aren't needed to fund spending.
When inflation sets in, the government can and should tax the rich all it wants to.
What? Come on, your saying Wolff does'nt understand modern economics? Are you drunk? I wish the economical advisor of Sanders had convinced him to leave that corruption infested "Democratic party" and run with Jill Stein after Hillary/DNC cheated him....
This is all about a 03.8% increase on the capitol gains tax? Thats what has all these billionaires freaking out?
This should be enough to show everyone what is wrong with the American economic system, just unbelievable
Barskor1 Even if you don't agree with his socialists point of views and anti capitalist agendas, calling him retarded makes you look like a fanatic red neck moron. If you would watch his history lessons and hear his lectures you wouldn't call him retarded.
With the way you comment I can guess you're just another victim, aperson who was probably born in the 60's and his only knowledge of socialism came from the demonization and propaganda spewed by the U.S. in the cold war. I suggest you grab some books and read about history instead of being a victim of propaganda by a past government and finally wake up and see what the mass accumulation of wealth by the most powerful people in a capitalist economy is causing not only to the U.S. but the rest of the world! Leave your prejudices and acquire true knowledge by studying history! Only then will you see the horrible truth of the world we're living in.
Barskor1 - Reading your comments is like injecting your brain with a needle filled with ignorance and stupidity. Calling a Phd Economics professor retarded means nothing coming from someone that speaks the way you do.
You sound like someone raised in America and never had an education passed the 9th grade, at least in regards to economic theory. Having said that, I wont waste any further time replying to your cosmic level stupidity spewed into the comments section on youtube.
I will let your own words remain a testament to your ignorance and stupidity for everyone to read and gain a hearty chuckle. Thank you for being so entertainingly stupid. Again a testament to the educational system of the United States.
That's what happens when low information people that watch reality shows everyday vote, they vote for a reality idiot who they recognize instead of looking at the policies that need to be explored to make their lives better instead of a living hell.
Community pharmacists are the health professionals most accessible to the public. They supply medicines in accordance with a prescription or, when legally permitted, sell them without a prescription. In addition to ensuring an accurate supply of appropriate products, their professional activities also cover counselling of patients at the time of dispensing of prescription and non-prescription drugs, drug information to health professionals, patients and the general public, and participation in health-promotion programmes. They maintain links with other health professionals in primary health care.