Group 4 Created with Sketch.
Episode 51 of 66

51: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff

Play Audio
Add to Playlist
Share Report
Snippets are a new way to share audio!
You can clip a small part of any file to share, add to playlist, and transcribe automatically. Just click the to create your snippet!
Top Snippets - 51: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff
Found on these Playlists
Best Richard D wolff Interviews on Podcasts or Audio about Richard Listen to audio about Richard D wolff. Browse for Richard D wolff interviews, guest appearances, and call-ins. Make snippets of Richard talking to create audio highlights to share with your friends or embed in related blog posts. Vurbl People: Interviews, Commentary, News, and More
Full Description
Back to Top
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 1-800-HARTMAN Jason Hartman Quick Start Jason Hartman PropertyCast (Libsyn) Jason Hartman PropertyCast (iTunes)