Comments by "" (@urrywest) on "Coming GOP Plan to Kill Economy (w/ Professor Richard Wolff)" video.

Wow! Wolff is really out of the loop.. It is sad.
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Is there any value in Wolff? I find it very frustrating... He doesn't get other things as well.
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 @sheryllovell822 Wolff talks in other tropes as well... It is frightening.
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@joeanthony7759 It ain't about making industry or habitat. If it don't change it will end in tears, civil unrest and possibly the chinese taking world hegemony from the dollar.
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@joeanthony7759 Wolff never acknowledges where we are. The fed gives money to banks to make monopolies and false scarcities. That isn't really capitalism because it doesn't make capitol or habitat and it isn't what marx meant when he said 'capitalism' I wait for Wolff to catch up but he never does...
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That was a gimme question. Wolff desaturated that he doesn't understand how money is issued by the fed.
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Obama made it worse as well and neither party want to get out of it. What they want to do is give everything to the uber wealthy.
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@joeanthony7759 I am very frustrated with wolff... I wonder if he has been coopted like the black block or something. He has one word for capitalism as if it was the one that marx, adam smith and mills had.... And all we need to do is to go on strike at the local level to demand higher wages and control over the work place and that would SOLVE THE PROBLEM. That indeed was the idea behind marx who thought that capitolism would be an evolution to making more capitol while reducing rents... Marx was wrong. The capitalism that evolved from feudalism can and did revert back to feudalism via the neoliberal project of the last forty years. Now we are in a centrally planned economy by vulture capitalists.. Wolff can't see that.
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@joeanthony7759 I am not sure the fed is quasi private but their behavior is to give private banks all the money they want at very low interest rates. They do this as a kind of scaffolding to hold up the stock market and other asset valuation and when the valuations fall the president and congress get involved to give them grants to prop up those valuations after they fall. In the process they make monopolies, destroy industrial productive processes and create false scarcities. This is not really what Marx, Adam Smith, Mills and other classical economists were speaking about of when they say 'capitalism'. Adam smith was indevoured to create capitalism out of a system much like the one the fed is enforcing. That economic model is more popularly thought of as feudalism. Ronald Reagan's Neoliberalism is essentially feudalism by another name.
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