Socialism Explained by Prof Richard Wolff

This is that feeling you get at work, like you're being ripped off but don't know exactly in what way. What Karl Marx pointed out in his book, 'Das Kapital':



There is another way:



That is Socialism.

 

Marx was a posturing elitist, born to privilege and ethnic advantage.

 

"Our broken economies are lining the pockets of billionaires and big business at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist." - Oxfam, 2020

 

Marxism 101: How Capitalism Is Killing Itself with Dr Richard Wolff

 

The Masters of Mankind







Study: US is an oligarchy, not a democracy - BBC

 

"the pervasive force shaping coverage of Washington and elections is what might be thought of as centrist bias, flowing from reporters and sources alike."

- Politico, 11/7/19​

Centrists Are the Most Hostile to Democracy - The New York Times

 

Karl Marx on worker co-ops:

https://isreview.org/issue/93/are-workers-cooperatives-alternative-capitalism



Marx, Marxism and the cooperative movement

 

Marx was no economist and his adoption of the Labor Theory of Value is proof of his ignorance.

If you think "mainstream" economists aren't paying attention, this is from the St. Louis Federal Reserve...

 

Wrong. The cost of equipment, building, etc. (capital) also comes out of revenue from the sales of the goods and services produced.

Where do oil refinery workers get the money to build a refinery?

 

I've gone through this 99999 times. Just watch the video. That's why I put it there.

 

IOW, you don't have an answer.

 

Hubris.

http://politicalforum.com/index.php?threads/trumps-taxes-expose-a-system-that-must-be-dismantled.579182/#post-1072094328

You should've watched the video.

 

Socialism consists in blaming the factory owner for what the landowner does to the worker. Capitalism consists in blaming the worker for it.

 

Since you know so much about Marx's "LTV" tell me about Marx's 5 different kinds and sources of value and how they relate to your "LTV".

 

Nice dodge, but it is not a refutation or even a critique of the idea of surplus value which you quoted.

 

He gave na answer. YOU have no rational criticism nor any answer to the points raised.

 

Such shallow "criticism" advances nothing.

 

It advances understanding, but only if you are willing to know the facts it identifies.

 

I don't have to know or describe the details of homeopathy theory to know it is garbage.

 

The understanding is dependent upon details. Slogans are not "understanding".

 

Oh, they are paying attention. That is the outcome they intended.

 

And that would leave you with mere opinions based on zero understanding. And that is the problem. That is what capitalist ideologues have created in "defense" of capitalism.

 

No. It is dependent on concepts that match reality. That is what capitalism and socialism are both missing.

Do not mistake economy of expression for sloganeering. Would you also dismiss e=mc^2 as a slogan?