Opposition to Paying for Capitalism's Crisis | The New School
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nice video sharing..
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Shame that the Portuguese "social-democratic" party, PSD, won the elections with the help of the other neo-liberal party CDS, after the events described by Professor Richard D. Wolff in the beginning of this talk . Their main policies after taking power were extremely dubious. The PSD/CDS pro market government consequently carried on with the next round of austerity measures, going even further than what was initial demanded by the "troika".
Solidarity from Portugal!
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I love experts that can communicate without talking down to us but without the jargon so ordinary people can understand. The system is broken, we need more celebrity gossip so we can forget...
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@thegreatmonster indeed - corporations rule the WORLD and European working classes are being asked to work harder and pay so these mega corporations can increase their profits just as Americans, we just have a Media and a tradition of demonstration that means they voice their anger more easily. The brisith prove that such traditions can be lost very quickly.
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At 1:19-YEAH. A Financial Transaction Tax. Imagine---a whopping 1% tax on Wall St deals would generate 10's of billions of revenue into the future, while those who ruined our economy would give something back for their greedy mistakes. I hope people will demand this from their Congressmen! Instead of having their health care and retirement slashed instead.
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THANKS for this program---completely worthwhile and hard-nosed yet positive. Corporations pay 25% of what people pay in taxes. That was Reagan's great unseen triumph. When I started work in 1965, you paid no tax till you had $1,050 income. Now, look at IRS tax table---if you make FIVE BUCKS a year, you owe tax on it---That's where people pay for the wealthy's vast tax cuts from corrupted politicians. It's time for nonviolent takeover of Washington DC, my citizen friends. Throw every door open.
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The fact remains that as long as America practices Capitalist Based Consumerism wherein the economic engine is driven by a philosophy that makes you buy what it makes; rather than Consumer based Capitalism wherein the economic engine makes what the buyers want to buy!
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@thegreatmonster I agree, but the US is also quite rigid in its hierarchy. We speak of a mythical social mobility, but study after study shows we have comparable mobility to that of Western European countries. The thing is, in Europe it is recognized, so help should be given to people stuck on the lower rungs. In the US, we pretend to be upwardly mobile, so no help should be given (i.e., if you don't rise, it's your fault because we are mobile).
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Thanks to the professor for pointing out the elephant in the room. Less than 4000 views as of this writing. Depressing that this information is not being broadcast to the millions who need to hear it. Sadly most people's attention span is too short to digest this properly.
Would you consider breaking it into segments? A 15 min clip is easier to share and could generate greater inertia.
fractalinc 9 months ago 9
2 people want to pay for capitalism's crisis.
cayetanoluis 5 months ago 5