It's not about smarts, it's about wealth - Richard Wolff

Prof Wolff rips into mega-corporations this week on #EconomicUpdate. Listen to it as a podcast or watch the episode on YouTube.
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"They're not wealthy because they're smart, well-known and clever. We think they're smart, well-known and clever because they sit on the wealth."

This is a clip from Economic Update: [S13 E09] Are Mega-Corporations Ruining Our World?

You can also listen to this show on our website or as a podcast on your favorite podcast player.
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Check out the NEW 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff!

“Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.”

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[davidhermanns]

True, but what most of them are is ruthless. They are willing to cut corners and bend, if not break rules, regulations and laws in order to accumulate their wealth

[stephencinco]

"workers of the world unite"

[plastictouch]

"They don't have money because they are smart. The seem smart because they have money." I like that, very catchy.

[ghalebibrahim]

To be Rich In the USA you got to be a thief

[Shining]

❤️ Professor Wolff - many blessings to you for having the courage to speak the truth. Thank-you 🥰❤️

[dooval]

Ummm, they're not exactly dummies either. But I do agree with the sentiment. Huge fan of Dr. Wolff.

[vs-yycx]

i like his face of incredible disgust as he says the names

[publicutility]

Proof billionaires shouldn't exist.

[jsmit]

Nobody becomes rich by helping others.

[haroldgoto]

One thing is for certain. None of them are children of working class Hispanic immigrants.

Another thing is for certain, their parents and ancestors were somehow well positioned socially.

You would be surprised the kind of super smart people that you find among the poor class, and instead of acting selfish going after what they want, they sacrifice their promising future, helping out their struggling parents.

[HairyPinkTroll]

Yes I do know! I was hoping all the smarties would get together over food and beverages for a social brainstorm and figure a way to contain those over funded schmucks!

[troykeeling]

Ive been in business since 1980. They have wealth because they dont pay. Think about it.

[williamblack]

It's certainly not due to hard work.

[the-vinyl-dreamscape]

Amen professor. You should be Sec of State.

[-xyz-]

And yet they aren’t really the ones at the top, there are other families much richer and powerful than them, they’re the 1% of the 1%

[BlaQRaok.el_]

Affirmation. A few compared to many: Only chosen to be there....

[donrahstar]

Wolff, is the super rich. He is in the .001%

[PeterMcCluskey-cbck]

So the problem is us for caring that they are rich?

[logankemp]

we think that just because someone is good at a singular thing that must mean they're geniuses good at everything.

[anushavantorosyan]

But their initial wealth accumulated from past generations