Ask Prof Wolff Live - November 29, 2023

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Join this special iteration of "Ask Prof Wolff" where we respond to your questions live!

Democracy At Work

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This was a spectacular episode. I learned a great deal more about worker cooperatives. Thank you very much.

corvairguy

Mondragon is an association of about 100 worker-cooperative coorporations of Spain.

felicetanka

j'apprécie beaucoup vos émissions, elles sont claires, factuelles. Merci.

marcobsomer

Why aren't we talking about union's not getting the reduced hours that has been proposed in early negotiations? The rail road didn't get it and the auro workers were told they'd have to "make up" time (more hours)

michaelpearce

Thank you professor Wolff! You offer possibilities in a world that has lost its soul to greed and fear. Even the American Constitution isn't set up to prohibit the extremes of wealth and poverty. I hope enough Americans open their eyes and step up to making the changes to the economic system necessary for a real democratic country, and not a corrupt Oligarchy which we now have!

MaryBeth

Some queries are so ignorant. We have many companies, employee owned, that compete in our capitalist country.

vivalaleta

dang it i'm sad i just missed this lmao

queencabbage

I just finished a great book by Matt Huber. Part of what he suggests is that workers build up confidence in a key industry such as electricity production and transform it to produce without burning fossil fuels. Inspiring.

lesliemartin

Very interesting episode, however the Prof seems unaware of the fractional reserve banking system current status. The current fractional reserve is zero percent, which means the bank do not require any deposits at all to lend out money. In other words the banks would rather people do not save any money they would have to pay interest on.

peterbeer

Most people will agree that some people should have more than some because of the importance of their knowledge or skills. it's the excessive that's killing us all.

lloydmoore

Did Charlie get my email about OurName4Freedom?

DannyVega-DanielHallFreedom

Regarding the banks, Prudential Supervision and regulation. Legislate to prevent the banks from lending more than the amount of their paid up share capital. A bank's loan assets must not exceed its paid up capital. There would be other but associated regulation for a banks providing guarantees, bonds and so on. Similarly with foreign exchange trading and synthetics. Attention needs also to be paid to Investment banking and its relation to Institutional banking. Additionally, no bank would be bailed out if it made losses resulting in its failure. There are other ways to develop the quality of life in a community, and on a larger scale a nation that do not depend on mega-banks and mega-corporations.

brianwheeldon

The Government was not supposed to bail out the banks.

CesarGarcia-ogrz

Actually, our founding fathers did want to replace England's King George with an American King George, so the story goes.
But a benevolent would-be monarch, George Washington himself did not want that.

The people did not decide that. The monarch did.

drewcoowoohoo