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Tag: socialism

But it’s a voluntary system….right?

But it’s a voluntary system….right?

…and that’s why no matter how well intended your employer is you will always be exploited by them because of the way capitalism is structured, the labor theory of value basically proves this beyond doubt. You can never get paid the true value of your labor because the employer always takes you surplus value. And this is why employer/employee relationships are always unjust! Yea you say that but what you neglect to mention is the fact that the employee has…

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Lee Camp talks with Richard Wolff about the myths of the American Dream

Lee Camp talks with Richard Wolff about the myths of the American Dream

CAMP: I don’t think that I ever believed there was a promise of the American dream, but I bristle and I’m upset at the idea of being manipulated, at the idea of how much propaganda we’re fed out of our mainstream airwaves, and from our politicians. And to me, that is kind of a false promise. It is a false truth. And, you know, ever since I discovered (and it maybe took me a little longer than some, but you…

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Nature is Returning πŸŒ±β€¦ Was Humanity The REAL Virus? πŸ¦’πŸŒΏπŸŒΎπŸƒ 🌬

Nature is Returning πŸŒ±β€¦ Was Humanity The REAL Virus? πŸ¦’πŸŒΏπŸŒΎπŸƒ 🌬

Ahhh nature… *deep breath*Wildlife’s returning… Air pollution’s clearing up… Maybe humanity was the real virus all along… Maybe Covid-19 is the vaccine… Okay so that Extinction Rebellion tweet might have been the result of a white supremacist imposter account… But there have been enough people showing their arses on the internet during this pandemic… And not in a good wholesome OnlyFans kind of way… That it’s worth reminding ourselves just why Eco-Fascism is Bad Actually. So what makes someone an…

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Capitalism’s failures exposed by the Coronavirus – Richard Wolff

Capitalism’s failures exposed by the Coronavirus – Richard Wolff

So let me begin by indicating what some of the problems are that a capitalist medical system, of the sort we have in the United States, presents to dealing with something as big of an epidemic as the coronavirus already is. 30 million Americans have no insurance, no medical insurance. They have a long history of not going to the doctor when they have something they think is a passing flu, viral or bacterial, because they can’t afford to pay…

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Puerto Rico: Freedom From Fantasy

Puerto Rico: Freedom From Fantasy

>>>YES, THIS IS THE COMMONWEALTH OF PUERTO RICO, A LAND OF SONG AND LAUGHTER, A TINY BIT OF THE UNITED STATES IN THE WARM SEAS OF THE ATLANTIC AND THE CARIBBEAN, THAT ALL ADDS UP TO THE KIND OF VACATION YOU’LL NEVER WANT TO END. [VINYL RECORD SCRATCHING]>>>IT’S BEEN TWO PAINFUL YEARS SINCE HURRICANE MARIA SWEPT THROUGH PUERTO RICO AND MUCH OF THE VIRGIN ISLANDS. WHAT’S CHANGED AND WHAT HASN’T AND WHAT DO THE REST OF US HAVE TO LEARN…

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The Taxpayer Just Bailed Out Private Rail. Again.

The Taxpayer Just Bailed Out Private Rail. Again.

So you may have seen the relatively minor, inconsequential news this morning of the British government effectively nationalising the entire rail network. You can imagine how that may have gone at the Department of Transport, “how was your morning?” “Okay we just nationalised the entire rail infrastructure of this country.” “What was that?” “Nationalised the rail infrastructure – the trains.” “Why would you do that? Markets after all are so rational it’s the optimal way of allocating resources…” “Well we…

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John McDonnell on the Economics of Coronavirus

John McDonnell on the Economics of Coronavirus

The impact of the corona virus pandemic, could be on a scale that impacts upon our economy, in a way that actually I don’t think we’ve ever seen before. This is bigger than the banking crash in 2007-2008, and actually it could be bigger than the 1929-30 crash that we saw, which brought the global economy to its knees. And the reason for that is because corona virus, is spreading right the way across the world. And that means people…

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The market will keep growing forever! …right?

The market will keep growing forever! …right?

….and that is why the free market is the best possible system there can be. It has lifted millions of people out of poverty and created unimaginable wealth for everyone. And in the future, we will all get to enjoy these new things, which for now only get enjoyed by the rich because the market will grow ever further which will make everything cheaper! Yes every now and then there is a crisis but that’s just a natural cleaning process….

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How depression affects workers and work – Richard Wolff & Tess Fraad-Wolff

How depression affects workers and work – Richard Wolff & Tess Fraad-Wolff

FRAAD-WOLFF: It’s extraordinarily and particularly depressing, I think, for human beings to feel asked to partake in things that have nothing to do with them on a repeated and lengthy basis. I think there’s something terribly wrong when we feel that we have to participate in something that has no regard for us, no regard for our humanity. There’s a splintering of a sense of self, and self esteem, and coherence internally that starts there, and I think it’s very…

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Leaked report by JP Morgan & Chase says fossil fuels are not a profitable investment – Richard Wolff

Leaked report by JP Morgan & Chase says fossil fuels are not a profitable investment – Richard Wolff

My next update has to do with a private report that was leaked. It was a report commissioned and paid for by the JP Morgan Chase Bank and one of the largest banks in the world. The paper explains whether or not, it answers the question, whether or not climate change is something that threatens the world and therefore if JP Morgan Chase needs to, and I quote, “rethink its investments in the fossil fuel industry.” And the conclusion of…

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