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

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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

www.democracyatwork.info

www.rdwolff.com

1-800-HARTMAN

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

  continue reading

81 episodes

Artwork
iconShare
 
Manage episode 309900354 series 3044823
Content provided by Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management Association, Meyers Research, Air DNA, Garrett Sutton, and Vacation Rental Management Ass. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Air DNA, Homee, InvitedHome, Garrett Sutton, Vacation Rental Management Association, Meyers Research, Air DNA, Garrett Sutton, and Vacation Rental Management Ass or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

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

www.democracyatwork.info

www.rdwolff.com

1-800-HARTMAN

JasonHartman.com/Webinar

www.JasonHartman.com

www.JasonHartman.com/properties

Jason Hartman Quick Start

Jason Hartman PropertyCast (Libsyn)

Jason Hartman PropertyCast (iTunes)

  continue reading

81 episodes

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