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Garys Economics is wrong on Income Top Economist warns
(00:00) And the big topline picture is that there are going to be significant increases on taxation of the middle class. Number one, and the thing which we constantly campaign for is tax the rich. Don't tax the workers, tax the super rich. And I thi...(00:00) And the big topline picture is that there are going to be significant increases on taxation of the middle class. Number one, and the thing which we constantly campaign for is tax the rich. Don't tax the workers, tax the super rich. And I thi... -
How Do We Stop The 27 Oligarchs Who Run America?
Thom Hartmann argues that a tiny group of billionaires — about 27 — now dominate U.S. politics by financing candidates and ballot initiatives, a trend enabled by court decisions like Citizens United. He gives concrete examples (Ken Griffin blocki...Thom Hartmann argues that a tiny group of billionaires — about 27 — now dominate U.S. politics by financing candidates and ballot initiatives, a trend enabled by court decisions like Citizens United. He gives concrete examples (Ken Griffin blocki... -
The REAL reason behind the housing crisis
 In this video, Garys Economics breaks down the root causes of the UK housing crisis and examines why housing growth has stalled. He discusses the structural and economic issues at play, and hints at potential paths forward for a healthier housing m... In this video, Garys Economics breaks down the root causes of the UK housing crisis and examines why housing growth has stalled. He discusses the structural and economic issues at play, and hints at potential paths forward for a healthier housing m... -
American Democracy Is Collapsing, And This Man Predicted It
In this video, Aaron Bastani interviews economist Joseph Stiglitz about the collapse of American democracy. They discuss how historical warnings and current economic policies have led to growing inequality and a weakening democratic system, urging a ...In this video, Aaron Bastani interviews economist Joseph Stiglitz about the collapse of American democracy. They discuss how historical warnings and current economic policies have led to growing inequality and a weakening democratic system, urging a ... -
The world's national debt is great news for the wealthy - whatever they like to claim
0:00 – Richard J Murphy: If all the world's countries are in debt—and that's true—who do they owe the money to? I recently heard this question on the radio, and the commentators did not know the answer. There is roughly $100 trillion of nation...0:00 – Richard J Murphy: If all the world's countries are in debt—and that's true—who do they owe the money to? I recently heard this question on the radio, and the commentators did not know the answer. There is roughly $100 trillion of nation... -
Top AI Investor Says Goal Is to Crash Human Wages
Marc Andreessen, co-founder of the venture capital firm Andreessen Horowitz, has stated that AI must crash human wages in order for it to lead to economic utopia. This vision is based on the belief that collapsing wages will lead to productivity gr...Marc Andreessen, co-founder of the venture capital firm Andreessen Horowitz, has stated that AI must crash human wages in order for it to lead to economic utopia. This vision is based on the belief that collapsing wages will lead to productivity gr... -
Global Capitalism The U-S- Election and Trump 2-0 in Historical Perspective
(00:01) Welcome to another edition of Global Capitalism, brought to you by the Left Forum and Democracy at Work. Today’s presentation focuses on the recent U.S. presidential election, won by Donald Trump. We will discuss how the election unfolded...(00:01) Welcome to another edition of Global Capitalism, brought to you by the Left Forum and Democracy at Work. Today’s presentation focuses on the recent U.S. presidential election, won by Donald Trump. We will discuss how the election unfolded... -
Trump Gave Two Big Wrong Answers about the U-S- Decline
(00:00) The United States is in a unique historical situation, and its current approach to China largely reflects its internal problems. There are conflicting interests within the U.S. regarding its relationship with China. On one hand, many in Am...(00:00) The United States is in a unique historical situation, and its current approach to China largely reflects its internal problems. There are conflicting interests within the U.S. regarding its relationship with China. On one hand, many in Am... -
Wolff Responds Its the Unequal Unstable Economy Stupid October 30 2024
**(00:02)** Welcome, friends, to another Wolff Response. I want to talk about the election and what happened during the campaign. I call this response: "It's the Unequal, Unstable Economy, Stupid." This is the reality—the core issue about the econ...**(00:02)** Welcome, friends, to another Wolff Response. I want to talk about the election and what happened during the campaign. I call this response: "It's the Unequal, Unstable Economy, Stupid." This is the reality—the core issue about the econ... -
The Future of Inequality
**(00:00)**  Good morning, ladies and gentlemen. My name is Yun Hang, and I’m a professor at Seoul National University. I’m honored to moderate this invited session with Professor Abhijit Banerjee, one of the most renowned and respected ec...**(00:00)**  Good morning, ladies and gentlemen. My name is Yun Hang, and I’m a professor at Seoul National University. I’m honored to moderate this invited session with Professor Abhijit Banerjee, one of the most renowned and respected ec... -
The life and thoughts of Dr- Cornel West
(00:00) The idea is so deeply embedded in the West that those outside of it have no value in their lives. So, for those of us inside the West, we must keep raising these points over and over again. We're going to try to make you accountable; you h...(00:00) The idea is so deeply embedded in the West that those outside of it have no value in their lives. So, for those of us inside the West, we must keep raising these points over and over again. We're going to try to make you accountable; you h... -
The Unspoken Economic Realities Of Elections - Part 2
(00:01) Welcome, friends, to another episode of *Wolff Responds*. This is the second part of a three-part series on economics and the upcoming November election. I want to emphasize from the outset that I am not claiming there is no difference betwe...(00:01) Welcome, friends, to another episode of *Wolff Responds*. This is the second part of a three-part series on economics and the upcoming November election. I want to emphasize from the outset that I am not claiming there is no difference betwe... -
Economic Update Worsening Economic Inequality Yields Worsening Social Conditions
(00:01) Welcome, friends, to another edition of *Economic Update*, a weekly program devoted to the economic dimensions of our lives and those of our children. I'm your host, Richard Wolff. (00:52) I want to remind you of our new book, *Understan...(00:01) Welcome, friends, to another edition of *Economic Update*, a weekly program devoted to the economic dimensions of our lives and those of our children. I'm your host, Richard Wolff. (00:52) I want to remind you of our new book, *Understan... -
Why The U-S- Cant End Poverty
(00:00) 37.9 million. That's the number of Americans currently living in poverty, accounting for 11.6% of the total population. This is despite the fact that America ranks as the richest nation in the world in terms of GDP. The United States is kno...(00:00) 37.9 million. That's the number of Americans currently living in poverty, accounting for 11.6% of the total population. This is despite the fact that America ranks as the richest nation in the world in terms of GDP. The United States is kno... -
Socialism for the Bankers Yanis Varoufakis on What Killed Capitalism
(0:00:00)  So, my hypothesis is that in 2008—well, this isn't a hypothesis; it's a fact, especially here in London—you all deeply understand how the City of London collapsed. Every single bank went bankrupt, including Barclays, which claime...(0:00:00)  So, my hypothesis is that in 2008—well, this isn't a hypothesis; it's a fact, especially here in London—you all deeply understand how the City of London collapsed. Every single bank went bankrupt, including Barclays, which claime... -
Economic Update How Deficits and Debts Rip Us Off
(01:41) Today's program is devoted to a globally important topic: deficits and national debt. We'll explore why countries borrow money, from whom they borrow, and who benefits from this borrowing. The United States and many other countries are deal...(01:41) Today's program is devoted to a globally important topic: deficits and national debt. We'll explore why countries borrow money, from whom they borrow, and who benefits from this borrowing. The United States and many other countries are deal... -
Revenue Raising or Redistribution
(00:00) Okay. Welcome back to Gary's Economics. Today we are going to talk about revenue raising and redistribution. Okay. Today I'm going to dispel a couple of the common myths about tax. So we exist in a country and increasingly a world where gove...(00:00) Okay. Welcome back to Gary's Economics. Today we are going to talk about revenue raising and redistribution. Okay. Today I'm going to dispel a couple of the common myths about tax. So we exist in a country and increasingly a world where gove... -
Record Millions Of Prime-Age Adults Giving Up On Ever Finding Work
(00:00) what we see also is a uh is a retreat from the workforce for a growing fraction of men uh we'd say are in the prime of their lives uh what the Bureau of Labor Statistics calls uh Prime working ages 25 to 54 which are also not coincidentally ...(00:00) what we see also is a uh is a retreat from the workforce for a growing fraction of men uh we'd say are in the prime of their lives uh what the Bureau of Labor Statistics calls uh Prime working ages 25 to 54 which are also not coincidentally ... -
How Capitalism Becomes Feudalism Severance and Technofeudalism
(00:00) You shovel 16 tons and what do you get another day older and I'm deeper in debt.. St Peter don't you call me, cuz I can't go easy, because I owe my soul to the company store.In the late 19th century as the Second Industrial Revolution rapidl...(00:00) You shovel 16 tons and what do you get another day older and I'm deeper in debt.. St Peter don't you call me, cuz I can't go easy, because I owe my soul to the company store.In the late 19th century as the Second Industrial Revolution rapidl... -
The United States housing crisis is the most serious issue we face
(00:02) Welcome Friends to another edition of wolf response I'm your host Richard wolf and I want to talk to you today about what is a genuine housing crisis here in the United States now on one level I'm horrified to have to talk to you about this ...(00:02) Welcome Friends to another edition of wolf response I'm your host Richard wolf and I want to talk to you today about what is a genuine housing crisis here in the United States now on one level I'm horrified to have to talk to you about this ... -
Neo-feudalism G7 supports BlackRock buying up worlds infrastructure to make rich even richer
Western governments invited billionaire BlackRock CEO Larry Fink to the G7 summit in Italy to speak about "public-private partnerships" and why oligarchs should buy up global infrastructure (to compete with China's state-led Belt and Road Initiative...Western governments invited billionaire BlackRock CEO Larry Fink to the G7 summit in Italy to speak about "public-private partnerships" and why oligarchs should buy up global infrastructure (to compete with China's state-led Belt and Road Initiative... -
Thomas Piketty New thoughts on capital in the twenty-first century
French economist Thomas Piketty caused a sensation in early 2014 with his book on a simple, brutal formula explaining economic inequality: r is greater than g (meaning that return on capital is generally higher than economic growth). (00:13) It's ...French economist Thomas Piketty caused a sensation in early 2014 with his book on a simple, brutal formula explaining economic inequality: r is greater than g (meaning that return on capital is generally higher than economic growth). (00:13) It's ... -
Poverty in America is by design talking with Matthew Desmond
Some 50 million people in the United States live in poverty today—and over 108 million people survive on less than $55,000 a year. Despite having the largest economy on earth, poverty in the US is often grinding and brutal. From millions who live...Some 50 million people in the United States live in poverty today—and over 108 million people survive on less than $55,000 a year. Despite having the largest economy on earth, poverty in the US is often grinding and brutal. From millions who live... -
2024 Presidential Candidate Cornel West on Trumps Trial Bidens Age Reparations Migrant Crisis
(00:01) see Trump has been somebody he been a Bonafide gangster since I met him over 40 some years ago but he's a want to be gangster you know but but it means he can say anything and do anything and get away with it see that's what gangsters do [Mu...(00:01) see Trump has been somebody he been a Bonafide gangster since I met him over 40 some years ago but he's a want to be gangster you know but but it means he can say anything and do anything and get away with it see that's what gangsters do [Mu... -
Inflation WILL Fall This Week
A great discussion on how the inflation reports are manufactured and are not an indication of consumer or housing prices. (00:00) Today we are going to talk about falling inflation and the terrible economics media. Okay. So we're going to do somethin...A great discussion on how the inflation reports are manufactured and are not an indication of consumer or housing prices. (00:00) Today we are going to talk about falling inflation and the terrible economics media. Okay. So we're going to do somethin... -
Wall St PANICS Over Mega Landlord Bans
(00:00) Let’s move on to the housing section. We dropped this from our Tuesday show because we had to interview Jill Stein, but we didn’t want to skip it. There’s actually some good news here, and we want to make sure we include it. Let’s p...(00:00) Let’s move on to the housing section. We dropped this from our Tuesday show because we had to interview Jill Stein, but we didn’t want to skip it. There’s actually some good news here, and we want to make sure we include it. Let’s p... -
How the US Is Destroying Young Peoples Future
(01:29) Over the past two generations, inflation-adjusted earnings have declined. Meanwhile, the cost of education and housing has skyrocketed. Prosperity is inversely correlated with age. (01:49) In simple terms, younger generations face fewer opp...(01:29) Over the past two generations, inflation-adjusted earnings have declined. Meanwhile, the cost of education and housing has skyrocketed. Prosperity is inversely correlated with age. (01:49) In simple terms, younger generations face fewer opp... -
Banks Do not Lend Money!
"Understanding Banks: The Truth About Money Creation and Lending" [00:02] Banks don't lend money - Banks are creators of the money supply, not just intermediaries. - Deposits in banks are not actually deposits but loans to the bank. [01:24] Bank..."Understanding Banks: The Truth About Money Creation and Lending" [00:02] Banks don't lend money - Banks are creators of the money supply, not just intermediaries. - Deposits in banks are not actually deposits but loans to the bank. [01:24] Bank... -
Why Growth Is Stupid
Rethinking Productivity and Economic Growth: Why the Focus on Growth Might Be Misplaced [00:02] Questioning the narrative of productivity and growth in the economy. - Issues prompted by an article about the collapse of the British economy and pol...Rethinking Productivity and Economic Growth: Why the Focus on Growth Might Be Misplaced [00:02] Questioning the narrative of productivity and growth in the economy. - Issues prompted by an article about the collapse of the British economy and pol... -
Wealth: what it is & how it differs from Income
"If you were born poor you will die poor and if you were born rich you will die richer" Former city trader Gary Stevenson explains the difference between Wealth & Income. He also explains why failing to tax wealth will lead to worsening inequality..."If you were born poor you will die poor and if you were born rich you will die richer" Former city trader Gary Stevenson explains the difference between Wealth & Income. He also explains why failing to tax wealth will lead to worsening inequality... -
Debunking Trickle Down Economics
The core philosophy of the governments disastrous mini-budget is "Trickle Down Economics". The political elite have employed various strategies to advocate for the concept of trickle-down economics. For example, Barack Obama used the phrase "a ri...The core philosophy of the governments disastrous mini-budget is "Trickle Down Economics". The political elite have employed various strategies to advocate for the concept of trickle-down economics. For example, Barack Obama used the phrase "a ri... -
What has really caused inflation?
Gary explains what's caused inflation and the Impact of Government Spending on Inflation [00:02] Inflation was predicted from the beginning of the COVID-19 pandemic. - The author has been discussing inflation since March 2020. - Predicted an inflat...Gary explains what's caused inflation and the Impact of Government Spending on Inflation [00:02] Inflation was predicted from the beginning of the COVID-19 pandemic. - The author has been discussing inflation since March 2020. - Predicted an inflat... -
Protect Your Vote! 2024 US Presidential Election
The increasing threat of nuclear war and the urgent need to cut fossil fuel use to prevent irreversible damage to the planet are two ways in which we are racing to destroy organized human life on Earth. Noam Chomsky emphasizes the significance of t...The increasing threat of nuclear war and the urgent need to cut fossil fuel use to prevent irreversible damage to the planet are two ways in which we are racing to destroy organized human life on Earth. Noam Chomsky emphasizes the significance of t... -
Game Theory is Broken
Economists have gotten game theory wrong for seventy years. Capitalism today uses game theory to maximize profits, but the problem is that game theory is based on a win-lose ideology and this ideology has broken our society. We need a win-win menta...Economists have gotten game theory wrong for seventy years. Capitalism today uses game theory to maximize profits, but the problem is that game theory is based on a win-lose ideology and this ideology has broken our society. We need a win-win menta... -
The Inflation No One is Talking About
Inflation has been high on the news agenda due to the cost of living crisis. When you see people talking about inflation they'll almost always be talking about the rising costs of things you buy in the shops, which is retail price inflation or cons...Inflation has been high on the news agenda due to the cost of living crisis. When you see people talking about inflation they'll almost always be talking about the rising costs of things you buy in the shops, which is retail price inflation or cons... -
This Is Why The Rich Get Richer
If you look back across history, you find that inequality is the norm. After the second world war that changed, and there was a period of rising equality across the west. But rising inequality is back, unless we do something about it. [00:01] Inequ...If you look back across history, you find that inequality is the norm. After the second world war that changed, and there was a period of rising equality across the west. But rising inequality is back, unless we do something about it. [00:01] Inequ... -
Britains Economy Will Only Get Worse
A discussion with Gary Stevenson, discussing about a significant government deficit during the COVID-19 pandemic, highlighting the lack of understanding among politicians about its implications. The theme of the interview is economic inequality and ...A discussion with Gary Stevenson, discussing about a significant government deficit during the COVID-19 pandemic, highlighting the lack of understanding among politicians about its implications. The theme of the interview is economic inequality and ... -
How We Fix Wealth Inequality
We know what the problems are with income inequality, so what about the solutions? [00:00] Solutions require understanding and popular support - Understanding the problem of growing wealth inequality is crucial to fixing it - Building popular supp...We know what the problems are with income inequality, so what about the solutions? [00:00] Solutions require understanding and popular support - Understanding the problem of growing wealth inequality is crucial to fixing it - Building popular supp... -
The US Economy As An Apartheid System and how to solve it
[00:22] Manufacturing in the United States is shrinking, with the majority of jobs now in the service sector. - Over the last dozen presidents, there have been promises to reverse the decline of manufacturing, but it continues to shrink. - The US ...[00:22] Manufacturing in the United States is shrinking, with the majority of jobs now in the service sector. - Over the last dozen presidents, there have been promises to reverse the decline of manufacturing, but it continues to shrink. - The US ... -
US Capitalism at a Crossroads: The Labor Movement Upsurge in Recent Years
In this episode of "Economic Update," Richard Wolff discusses the current state of U.S. capitalism, suggesting it is at a critical juncture. He highlights the recent upsurge in labor movements, citing a significant increase in strikes and labor pr...In this episode of "Economic Update," Richard Wolff discusses the current state of U.S. capitalism, suggesting it is at a critical juncture. He highlights the recent upsurge in labor movements, citing a significant increase in strikes and labor pr... -
Rent, Profit and Interest Are All The Same
Why you need to understand that rents, profits and interest are all the same thing. [00:01] Rent, profit, and interest are all payments from non-owners to owners of assets. - Rent, profit, and interest are transformations of the same concept in th...Why you need to understand that rents, profits and interest are all the same thing. [00:01] Rent, profit, and interest are all payments from non-owners to owners of assets. - Rent, profit, and interest are transformations of the same concept in th... -
Dr. Cornel West and Why Joe Biden Will NOT Win Again
The conversation emphasizes the importance of moving beyond the two-party system and leveraging the labor movement to create meaningful change. Dr. West, running as a Green Party candidate and polling at 5%, is viewed as a significant threat by the ...The conversation emphasizes the importance of moving beyond the two-party system and leveraging the labor movement to create meaningful change. Dr. West, running as a Green Party candidate and polling at 5%, is viewed as a significant threat by the ... -
How to Ruin an Economy Some Simple Ways
**(00:00)** Let’s suppose, for some perverse reason, we want to ruin an economy and society. To make it interesting, let’s choose a difficult case—not the Central African Republic, where it could be done easily, but a rich and powerful society...**(00:00)** Let’s suppose, for some perverse reason, we want to ruin an economy and society. To make it interesting, let’s choose a difficult case—not the Central African Republic, where it could be done easily, but a rich and powerful society... -
Varieties of the Rat Race: Conspicuous Consumption in the US & Germany
In summary, Professor Van Treeck is discussing the differences in economic and social systems between Germany and the United States, specifically in regards to education, healthcare, and income distribution. He references the predictions made by econ...In summary, Professor Van Treeck is discussing the differences in economic and social systems between Germany and the United States, specifically in regards to education, healthcare, and income distribution. He references the predictions made by econ... -
Inflation, Europe's energy crisis, and the Fed with Richard Wolff
Dr Wolf criticizes the Federal Reserve for its handling of inflation, points out some alternatives and historic references to LBJ and Richard Nixon on how they dealt with inflation effectively. He also talks about the profiteering of corporations a...Dr Wolf criticizes the Federal Reserve for its handling of inflation, points out some alternatives and historic references to LBJ and Richard Nixon on how they dealt with inflation effectively. He also talks about the profiteering of corporations a... -
A Critique of Robert Reich
(00:00) This is Richard Wolff for Democracy at Work, responding to another Ask Prof Wolff question from our Patreon community. This one comes from Tom Hall. Tom says he's been looking at Robert Reich's book "Saving Capitalism" (I believe that's the ...(00:00) This is Richard Wolff for Democracy at Work, responding to another Ask Prof Wolff question from our Patreon community. This one comes from Tom Hall. Tom says he's been looking at Robert Reich's book "Saving Capitalism" (I believe that's the ... -
Will We Pay Back the Government Debt?
Tom: Eight minutes past 10. Gary Stevenson is an economist focused on inequality—a former trader who retired from the City as a multimillionaire at 27 after correctly predicting the 2008 financial crash. Mr Stevenson, thank you for joining the pr...Tom: Eight minutes past 10. Gary Stevenson is an economist focused on inequality—a former trader who retired from the City as a multimillionaire at 27 after correctly predicting the 2008 financial crash. Mr Stevenson, thank you for joining the pr... -
How COVID-19 MAKES the Rich Richer - Gary EXPLAINS the theory
Coronavirus is having huge effects on the world of money. It benefits high earners, and hurts the poorest. This video explains how it will affect you and what will happen going forward. [00:06] Impact of COVID-19 on financial position - Even wit...Coronavirus is having huge effects on the world of money. It benefits high earners, and hurts the poorest. This video explains how it will affect you and what will happen going forward. [00:06] Impact of COVID-19 on financial position - Even wit...
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