Marxism 101: How Capitalism is Killing Itself with Dr. Richard Wolff

Despite a concerted effort by the U.S. Empire to snuff out the ideology, a 2016 poll found young Americans have a much more favorable view of socialism than capitalism.

Though he died 133 years ago, the analysis put forward by one of the world’s most influential thinkers, Karl Marx, remains extremely relevant today. The Empire’s recent rigged presidential election has been disrupted by the support of an avowed socialist, Bernie Sanders, by millions of voters.

To find out why Marx’s popularity has stood the test of time, Abby Martin interviews renowned Marxist economist Richard Wolff, Professor Emeritus of Economics at UMass - Amherst, and visiting professor at the New School in New York.

Prof. Wolff gives an introduction suited for both beginners and seasoned Marxists, with comprehensive explanations of key tenets of Marxism including dialectical and historical materialism, surplus value, crises of overproduction, capitalism's internal contradictions, and more.

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Music by Fluorescent Grey

[SpoopySquid]

i'm sure this comment section will be nothing but calm and polite discussion from both sides

[scarydeery]

it's hilarious seeing how many of these counterarguments are directly addressed in the video.

[belowroller]

Why does Wolff say Capitalists had their "Eureka moment" to offshore production in the 1970's, when Lenin wrote "Imperialism, the highest stage of capitalism" in 1917?

[Kianquenseda]

capitalism feeds on unfettered exploitation, socialism curbs capitalism. People are more important than money, but capitalism views money and corporate profit more important than people.

[obiwantschernobyl]

This interview is eye-opening. I was watching it 1 year ago and do it again to remind me of certain things i want to share :)

[JohnSmith-vmrx]

Great interview! Very interesting! Would love to see more content on this stuff and the like please.

[MichaelShulski]

"Seeds of its own destruction".

[natinaelyegermal]

The fact that the capitalist economy fails approximately every 10 years and the government has to step in and reset it feels to me as if I'm playing Fifa with my cousin and every time I'm beating him he "accidentally" restarts the game.
When I discuss this topic with my conservative side of the family, I genuinely believe that they are just repeating arguments they heard somewhere else, and when I try to find common ground and suggest something like capitalism but with the idea of trickle-up economics they just reject it as communism. I genuinely have not made up my mind on what would work best for the US but the people around me do not offer me the opportunity to discuss and learn.

[SharifullahSahak]

Thank you so much for sharing this incredible interview, it helped me a lot for my philosophy class.

[Gshkent]

Hoarding the wealth until everyone dies.

[mktgsifu]

It would be great if you also interview Dr. Jared Ball too who is also a Marxist, otherwize this was awesome.

[TheStrafendestroy]

Is she inferring that the housing crash was because of an over production and not very risky lending practices with adjustabe intrest rates? More supply than demand you have a cheaper product more demand that supply you have a more expensive product. If she is saying there was more housing wouldnt more people be able to afford housings since the supply is increasing?

[eyeinsee]

I mean cant we all agree capitalism is flawed at best? I dunno if this is the answer but something has to change.

[ME-ndmj]

There they are. The best reasons to democratize the workplace @26:31

[PedroRodrigues-myji]

“We can not solve our problems with the same level of thinking that created them” - Albert Einstein

[MrJaxxim]

"Water is not a human right"

Nestle CEO - Peter brabeck,

A Capitalist.

[antonewilson]

If you had a significant other as unstable as the US economy you'd have left them a long time ago.

Richard Wolff

[brianblades]

Ah yes, my favorite marx quote "I rest my case: This system sucks"

[avalosalex]

Indeginious people knew about communism way before Marx wrote about it

[smoothhoopinal]

It's amazing how the small amount of people who hold the majority of America's wealth, convince the majority of people it makes it's wealth from, that it's the poor people that are making things worse for them. It's Mind boggling, Successful, but mind boggling.