Moyers & Company Show 207: Taming capitalism run wild

Рет қаралды 26,464

11 жыл бұрын

Economist Richard Wolff joins Bill to shine light on the disaster left behind in capitalism's wake, and discusses how to battle for economic justice.
Also on the broadcast, activist and author Saru Jayaraman marches on Washington with restaurant workers struggling to make ends meet, and talks about how we can best support their right to a fair wage.

Пікірлер: 80

@christinajonsson7208 5 жыл бұрын

This Bill Moyers interview with Dr. Richard Wolff is still relevant 6 years later. I am binge watching Richard Wolff videos. They make me feel better in our insane economy with crash test dummies at the wheel.. Stay focused on the prize.

@irpacynot 11 жыл бұрын

Took long enough for you to get Wolff on. Thanks

@ActivismOfCare 10 жыл бұрын

This was excellent.

@thefakenewsnetwork8072 2 жыл бұрын

Long live freedom and democratic equality

@SpockOfRock 11 жыл бұрын

Haven't heard anyone put it all together like Mr. Wolff has. We need someone like this for President, or at the very least head of the Federal Reserve.

@ThisWeekInFascism 11 жыл бұрын

“We should resolve now that the health of this nation is a national concern; that financial barriers in the way of attaining health shall be removed; that the health of all it's citizens deserves the help of all the nation.” - Harry S. Truman

@utbunny 3 жыл бұрын

So depressing, here we are almost ten years after this video and we still have the same minimum wage.

@Yourismouter 10 жыл бұрын

when is bill Moyers's show going to air again? its been a bleedin long time now, and I can't find the answer as to when he's gonna air again on the moyers and company website.

@SABRENOSE 10 жыл бұрын

Spread the Gospel Bill!

@JoeCiliberto 6 жыл бұрын

I love listening to Prof Wolff. Listening to this broadcast in 2018, hearing President Obama speak those words. They sound nice. They never materialized. I hear liberal and progressive candidates say similar words. As a progressive they are music to my ears. But music is entertainment, at best inspiration. Music is not life, or a plan, action, and certainly not accomplishment. Without a plan, I just don't want to listen to any more talk. Talk without action is hypocrisy, insincerity, and contradicted (contra + dicto) pomp. No more.

@justgivemethetruth 11 жыл бұрын

I have to just comment that this is the one of the best show of the Moyers and Company series. I was really concerned when the first show I saw had that Jonathan Haight (?) on that talked all about how Republicans were so morally superior to Democrats, I almost vomited. Why Wolff so much later so the discussion can begin from this starting point, because he right about the system not working for people, and as little as we understand that it works even worse for others in the world.

@nthperson 11 жыл бұрын

The only argument I have with the analysis of Richard Wolff is over the use of the term "capitalism". We have never reached the stage of socio-political arrangements and institutions that would result in true capitalism (i.e., a system where all citizens earn income from the ownership of capital goods). The reason is that our system is an evolved form of landlordism, dominated by "rentier" interests even more powerful than in the centuries of feudalism (continued).

@StrikaAmaru 10 жыл бұрын

1:45 to skip all the foundations.

@bz3105 5 жыл бұрын

At about 10:19, F-I-N-A-L-L-Y, somebody mentions the plus side of the coin re: increasing the minimum wage. That is, when people get more money, they SPEND more money (i.e. they put it right back into the economy and wealth gets more spread out). And by the way, last time I checked, Australia, for example, had a minimum wage of around $17.00 and I don't see that country tumbling to the ground.

@justgivemethetruth 11 жыл бұрын

The problem with that outburst is that all the people who ... or rather most of the people who complain about others being greedy, when or if they get the chance to have something they are just as greedy or more. As Wolff makes the point, the problem is not greed, we are all human, the problem is the system that encourages greed to be used almost as a genocidal selective evolutionary force, instead of selecting for superiority we just select for psychopathology.

@justgivemethetruth 11 жыл бұрын

Well, I agree, but the problem as I see it is that we have an over-abundance of critics, but no one who can really bring it all together and suggest an action plan of how to change things, we are "too big to change". The only changes in modern countries seem to come from collapse or some sort, complete collapse, and still now there are the global capitalists that re-innoculate any country that does collapse back into the system. We need answers that people can agree on.

@SpockOfRock 11 жыл бұрын

Greedy people have always had a way, throughout history, of making the average person want to drag them out into the public square and stone them... When you're raised on greed you cannot see your responsibility to the world around you. This is the case in our world today, just as it was in the world before, and the result will be the same.

@luiseduardolopez2128 3 жыл бұрын

If people invest in stocks they own part of the company and incomes, But what happend if a lot of investors buy stocks of the same company, the inversions of all worth less unless the company produce more incomes. If one factory and company produce regular incomes ,why the stocks are more valuable if the sales are the same ?.

@conniewalker-carter5835 9 жыл бұрын

Great

@jnorthr 6 жыл бұрын

people need to wake up soon! they do not have the luxury of remaining uninformed. have less children. do not make yourself a slave. do not let another control you. do what you love first and foremost.

@opadennis 11 жыл бұрын

If for the last 30 years, our system has NOT produced the results we want, why would we HOPE that in the next 30 years it would get better. Does this not suggest that we should try something different? Our constitution does not prescribe an economic system; we are free to change it as we feel necessary.

@legacyskye 11 жыл бұрын

been to Southeast Asia recently? No Unions......no living wages, overworked, sweat shops, child labor, pollution. Or was I talking about Amerika around 1900??? (before Unions)!

@marlette782 11 жыл бұрын

You said we haven't tried Ayn Rand. That may be true. My point is that there are people who still admire Marx, despite the fact that we have tried his system and it was a disaster. For example, the anti-wall street protestors had signs saying Karl Marx was right. So even if we try a new system and it fails, that doesn't mean people will give up on it.

@drakekoefoed1642 5 жыл бұрын

tips are for better than mediocre service, not a donation to the owners. They should pay a living wage and then the customer could say let me add a dollar to that, and they would make several dollars over.

@infinite54 11 жыл бұрын

AT the center of all this is the monetary system. Why do we have a monetary system that allows the private banks to create money? and the repossess anything based on this monetary magic? Ask MR Wolff about the monetary system and the efforts of Bernie Sanders and Dennis Kucinich to address this problem.

@snugglethorn 11 жыл бұрын

Oh! hear hear!

@nurlatifahmohdnor8939 2 жыл бұрын

Page 1072 Securities Exchange Commission

@stephen_pfrimmer 5 ай бұрын

Glass-Steagall

@justgivemethetruth 11 жыл бұрын

I hear a lot of these insults about conservatives, but our system is not changing not because of conservatives, but because people are disconnected and apathetic, they do not and cannot agree on anything - the way conservatives seems to.

@snugglethorn 11 жыл бұрын

I'm pretty sure that place is called Sweden. But hell yes! Let's do some of that here. The statistics bear that out, on education, reproductive freedoms, basic human rights, etc. I came across as dissing you per your last post, sorry, both sides DO suck, but not equally, by any stretch.... You obviously agree with that...

@snugglethorn 11 жыл бұрын

There's really no other way to evaluate them is there?... If it swims like a duck and quacks like a duck.... Well....

@marlette782 11 жыл бұрын

If unions are needed to combat poor management, they did a lousy job of it in Detroit. Unions are not responsible for the middle class. They always tell us they started the min. wage, when it was started by Henry Ford 20 years before the unions came along.

@travisbrewer5391 5 жыл бұрын

Unions came into existence in the 1880s, 20 years before Henry Ford thought of paying a living wage.

@legacyskye 11 жыл бұрын

Detroit IS capitalism....enjoy!

@Rickwmc 10 жыл бұрын

1964-1974 Job destruction. Wage stagnation. 1975-1985 Job destruction. Wage stagnation. 1986-1996 Job destruction. Wage stagnation. 1997-2007 Job destruction. Wage stagnation. 2008-2012 Job destruction. Wage stagnation. 2013-2014 Job destruction. Wage stagnation.

@brutuscassius1647 9 жыл бұрын

1964-1974 More government intervention. Politically-manipulated markets. 1975-1985 More government intervention. Politically-manipulated markets. 19861996 More government intervention. Politically-manipulated markets. 1997-2007 More government intervention. Politically-manipulated markets. 2008-2012 More government intervention. Politically-manipulated markets. 2013-2014 More government intervention. Politically-manipulated markets. Geez, I wonder if there's some correlation... Nah, let's just go on with this asinine, blanket condemnation of "capitalism," as if all these things Richard Wolff is bitching about can be blithely ascribed to the market economy as such, without any qualification or critical analysis whatsoever. Let's not look past our fucking noses, we might discover something that compels us to THINK a little. Jesus Christ.

@blackcarmafia 8 жыл бұрын

+Brutus Cassius and intervention came because of?

@KyleHUNK 8 жыл бұрын

+Brutus Cassius Regulations and interventions were taken off of many parts of the market during the 80s and 90s.. Capitalism will always go in cycles too. If you did somehow get an old version of capitalism, the underlying circumstances would be the same to where it would lead back into the more corporatist system. You must look past capitalism. There were people who said the same thing about feudalism, government intervention caused Tulips crash. Capitalism is only barely better than feudalism.

@coopsnz1 5 жыл бұрын

Growing government bigger left fkwit

@coopsnz1 5 жыл бұрын

Government gets bigger we get poorer including small business owner

@snugglethorn 11 жыл бұрын

Wrong. Plenty of people have suggested very good 'action plans' that the entrenched have wholly chosen to ignore. But otherwise, you're right. And we don't need answers that people can agree on. Some people are raging idiots. We are NOT required to consider their solutions!

@opadennis 11 жыл бұрын

Lori: Where has Ayn Rand's system been tried and worked? Why would we trust her economic system to be better than what we have when much of her theory has not really been tested. See if you can convince a small country somewhere to try it out before we experiment here with our people.

@drakekoefoed1642 5 жыл бұрын

we have a system where crime can be done, but criminals should be punished. Lots of people have the opportunity to do crime, Banksters should be hung, They are far worse than muggers, causing more misery.

@opadennis 11 жыл бұрын

Marlette: Why would you compare Ayn Rand to Karl Marx? Watch the Richard Wolff video again and come up with a more relevant comment. Wolff suggests nothing even similar to Marx.

@chalino19 7 жыл бұрын

dumb question here, without malice...so why can't the working people just follow the process of becoming rich and powerful?

@Adrian_888 7 жыл бұрын

For the simple fact that equality of opportunity doesn't exist. Like Richard said, you get into debt to get educated and once you graduate the wage you expected isn't there.

@ClarksonFisherIII 5 жыл бұрын

Many of us do not even have that opportunity to take on debt for education. For an extreme but very very real example, many of us incur significant brain damage due to lead and mold poisoning from our infancy because our parents have been forced to live in decrepit conditions as the landlords enrich themselves mercilessly. And how about the idea that universities are systems of indoctrination? What do you think that this path to success is anyway?

@bz3105 5 жыл бұрын

First off, the overwhelming majority of the time, the "process" of becoming rich and powerful is to be born into a rich, powerful family. But even if you don't buy that, most people don't particularly desire to be "rich and powerful" but good God, that doesn't mean they deserve societal punishment (if anything, they should be commended for having more mature values than people who spend their lives chasing wealth and power). The bottom line is, if someone spends 40 hours or more of THEIR limited time on this planet working for someone else, he or she deserves to have a decent living. I'm not saying they should be living in a mansion, driving a Lamborghini, etc. But yes, they should have at least a nice apartment with no rats running around, access to affordable health care, as needed, etc. In other words, they should have what working people in literally the rest of the modern industrialized world have.

@justgivemethetruth 11 жыл бұрын

we should do away with the minimum or living wage and just supply all people with a place to live and the basic necessities of life - including a decent system and culture. then those who wanted to either band together to create business or work to learn for free or low wages while they developed expertise, and still everyone could go on. the more i think about this the more i like it, and then we need a niche for the very low, criminals, and lowlifes that will not interfere with others.

@user-mm5qw9mk5v 3 жыл бұрын

Much more have confidences do we become the only God himself so regard someone a Budda.

@Creationstation01 10 жыл бұрын

Do you have any names of people and companies you are so against that aren't part of the government given corporate welfare? Do these companies get so big because of capitalism, or instead Because of the rules made by government sold to you as a fix?? I am confident that you are being sold a bill of goods falling for this propaganda.

@jacobmarshall7138 7 жыл бұрын

Tyson R did you watch this interview? go to 26 mins in he speaks to why regulation has failed us

@ClarksonFisherIII 5 жыл бұрын

There's a revolving door from state to private capital control and it's all a part of the same real economic system which causes this profound inequality. It's real.

@snugglethorn 11 жыл бұрын

Outburst? that's a pretty low bar there friend. " ...if they get the chance to have something they are just as greedy or more..." Right...Which is what he is saying. It's a systemic problem, not one that can be solved by replacing the players. Try 'listening for comprehension' next time

@marlette782 11 жыл бұрын

You are suggesting that American businessmen go to asia and impose themselves on the Asian people. If that is true then why are the Asian's so eager for the American companies . You also have to consider the cost of living may be different in asia.

@legacyskye 11 жыл бұрын

EVERY city requires taxes to keep up the infrastructure. Unions? They're only needed to combat poor management...or did you miss the great recessions and depressions? Besides, name ANY CEO who took a major pay cut during layoffs. That middle class lifestyle of yours was initiated by Unions....or would you rather work in a Chinese city these days?

@marlette782 11 жыл бұрын

We may not know how Ayn Rand would work out. But we do know how Karl Marx turned out.