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Richard Wolff on how profit drives our food industry

Richard Wolff on how profit drives our food industry

The next economic update I want to bring to your attention, comes from the Consumer Reports on health of July 2019. And that issue of that important health news letter is also making use of an earlier bit of research reported in the Journal of the Academy of Nutrition and Dietetics here in the United States. The story, the research, is about comparing 1986 and 2017 in terms of the quality of fast food here in the United States. What…

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Richard Wolff and Lee Carter on what’s it’s like to be an elected socialist in American government

Richard Wolff and Lee Carter on what’s it’s like to be an elected socialist in American government

[CARTER] Well, you know I am the only socialist elected to the Virginia General Assembly. The chamber I’m in has a Republican majority. Tt’s the narrowest of Republican majorities. It’s a 51/49 chamber. But what I found is that my name is a party line issue. You know, every every Republican looks at a bill with Lee Carter’s name at the top as an automatic no, and every Democrat looks at a bill with Lee Carter’s name at the top…

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The Increasing Importance of Politics in Investing (w/ Larry McDonald and Raoul Pal)

The Increasing Importance of Politics in Investing (w/ Larry McDonald and Raoul Pal)

RAOUL PAL: Larry, great to finally meet. I can’t believe we haven’t met before, and we’ve got so many friends in common. And for you come here from Panama to the Cayman Islands, so one Caribbean paradise to another. It’s great to finally meet and get you on camera. LARRY MCDONALD: Now I know why more people come here in the wintertime. They love Grand Cayman in February. God bless it. RAOUL PAL: Yeah, exactly. Who wants to be in…

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Richard Wolff on the fascist response to crashes of capitalism

Richard Wolff on the fascist response to crashes of capitalism

The fascist response to society’s problems has very often featured what is called a “strong man”. The way this game is played out politically is that the society as it begins to crumble, and we’re talking about capitalist societies whether in the 1920s and 30s in Germany, or Italy, or Japan ,or any of the other countries which had this kind of problem, when capitalism begins to unravel, to fall apart one of the responses, understandably, is for someone to…

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Richard Wolff: Fascism is an economic system that sustains capitalism

Richard Wolff: Fascism is an economic system that sustains capitalism

Fascism is basically the name for an economic system, even though the word has been used for many things. But in economics, fascism is when the government is called in. The government steps in to reinforce, to support, to sustain private capitalist enterprises. You see, those private capitalist enterprises, left to themselves, are falling apart. They can’t sell their goods, they can’t maintain their job roles, they lay people off, they cut back, they plunge people into a situation of…

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Economic Update: Fascism An Analysis for Today [Trailer]

Economic Update: Fascism An Analysis for Today [Trailer]

But in economics, fascism is when the government is called in. The government steps in to reinforce, to support, to sustain private capitalist enterprises. Military and capitalists [and] government and capitalists merging together to run the system in a way that builds up capitalism, captures what has to be done that the capitalists couldn’t do for themselves and makes this system have some more life. It’s all about saving capitalism. Saving the system through a “strong man” who can carry…

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Socialism on the rise record bull market

Socialism on the rise record bull market

♪♪ NEIL: ALL RIGHT. CAPITALISM MIGHT BE ON FIRE RIGHT NOW, BUT SOCIALISM IS IN THE LATEST POLL, THINK IT IS PRETTY GOOD, COMPARED TO JUST 18% IN 2010. CAPITALIST PIG HEDGE FUND YOU THINK?>>NO, NEIL, SOCIALISM IS WINNING, WINNING BY DEFAULT, NEIL, AMONGST ALL AMERICANS, ESPECIALLY AMONGST YOUNGER AMERICANS. THEY BELIEVE SOCIALISM IS RIGHT, SOCIALISM IS MORAL AND THAT CAPITALISM, FREE MARKETS, ARE EVIL, THEY’RE NEFARIOUS, THEY’RE DESTRUCTIVE. SO SOCIALISM IS REALLY KICKING BUTT RIGHT NOW DESPITE THE FACT…

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Economic Update: Virginia Elects a Socialist [Trailer]

Economic Update: Virginia Elects a Socialist [Trailer]

It pays to spend billions because the rate of return on those billions, if you get your friendly politician into office, must be very high, to risk all of that you must get a really good return, which they do. He decided towards the tail end of the campaign that he was gonna send this mailer out to 11,000 homes that had pictures of Marx, Engels, Lenin, Stalin, Mao, and Lee Carter. All the copy on it – All together…

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