Thursday 9 May 2019

The Coming Collapse of the American Economic System with Richard Wolff

Chris Hedges speaks with Richard Wolff.

16 comments:

  1. Wolff fails to see how a transition from global-corporate to national-corporate economy needs go, before the dismantling and de-priviledging of the corporate form occurs. You can't just immediately attack the corporate form. You have to constrain it within borders/limits FIRST.

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    1. Well yes, we all know you're an 'economic nationalist'! ;-)

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    2. You can't tax or control what you can't bound. That's why cities had walls.

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  2. I just can't see how a 'grassroots movement' could constrain Corporatist global 'outsourcing'. Its only choice will be to start acting locally.

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    1. Funny. The President just upped China's tariffs. Hows THAT for local?

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  3. Foreign sh*t's about to get VERY EXPENSIVE, locally that is. :)

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  4. I'll never understood why you voted Trump. Trump's not on the side of those who want to smash the corporatocracy, quite the opposite.

    Trump blamed the US's decline ('carnage') on immigrants and external enemies like China. This is nonsense. His wall isn't going anywhere. His trade wars won't help either.

    He also, like many far-Right demagogues, points his flock to a mythical past ('MAGA'). Call BS on that.

    Trump seemed to want to sail a more isolationist policy, yet appointed arch-hawks like Pompeo and Bolton. He also presides over the largest US defense budget in history.

    He's also a billionaire who's surrounded himself with other billionaires, as they always do. The idea he might do something to even mildly upset/harm the donor class/corporatists is patently absurd. See also his tax reforms.

    He's a sham. I don't even need to point to Trump's many controversial statements re. women and the fact that he has the support of nearly every US (and more) racist.

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    1. If you care to explain your choice, I'm all ear!

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    2. Trump's a throwback, an Adam Smith atavism. He's a corporate capitalist who founded his own corporation. He's not a "salaried bourgeois" CEO, who gained control on the basis of his Ivy League diploma. He's a risk taker, not a hedger.

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    3. Perhaps this Dali painting captures it best.

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    4. Clinton would never throw down in a trade war with China.

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  5. "He's a risk taker, not a hedger."

    And in the context of the corporatocracy, this is good, how?

    From wiki:


    Trump said "I've used the laws of this country to pare debt. ... We'll have the company. We'll throw it into a chapter. We'll negotiate with the banks. We'll make a fantastic deal. You know, it's like on The Apprentice. It's not personal. It's just business."[47]

    As regards Clinton, he was a charming arsehole supreme, so hardly a difficult bar to surpass.

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    1. So thanks to you the revolution will have to wait till 2024!

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    2. The problem with corporatocracies is that the salaried bourgeois never take risks. You need an arsehole supreme. That's what made England so great for so long... an uninterruptable supply of greedy self-serving arseholes.

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    3. We've certainly seen here the well-heeled, well-groomed middle chattering middle classes (Guardianistas, typically) play to dumb when ('nothing to see here') it comes to the soaring rise in inequality in this country. They did nonetheless take great part in fitting up Corbyn as the 'leader of the antisemites'.

      It now looks as if the newly formed 'Brexit party' will win the next election. But sadly these don't get what's really happening and only want to haul up the bridge and keep the 'forreners' out, as a recipe for change.

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  6. https://www.youtube.com/watch?v=nqq8fG5l4Kg

    "Hurray! It's the Scarlet Pimpernel... and you've killed him!"

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