• Economic Update: Libertarianism Capitalism & Socialism
    Articles,  Blog

    Economic Update: Libertarianism Capitalism & Socialism

    Welcome, friends, to another addition of Economic Update, a weekly program devoted to the economic dimensions of our lives—jobs, incomes, debts—our own, those of our children. I’m your host, Richard Wolff. Today I’m going to devote the program to another one of those topics you have been writing to me about that you wanted a comment about. And I respect your taking the time and trouble to tell me what you want me to deal with. And so, I’ve devoted this program and planning it to the topic of libertarianism. A growing number of people seem to be persuaded or interested, at least, in the libertarian approach. It has some…

  • The Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4
    Articles,  Blog

    The Biggest Scam In The History Of Mankind – Hidden Secrets of Money Ep 4

    You are about to learn one of the biggest secrets in the history of the world. It’s a secret that has huge effects for everyone who lives on this planet. Most people can feel deep down that something isn’t quite right the world economy, but few know what it is Gone are the days where a family can survive on just one paycheck, every day it seems things are more and more out of control, yet only one in a million understand why. You are about to discover the system that is ultimately responsible for most of the inequality in our world today. The powers that be do not want…

  • If Robots Take Our Jobs, Is Universal Basic Income a Practical Response?
    Articles,  Blog

    If Robots Take Our Jobs, Is Universal Basic Income a Practical Response?

    We talked about some policy implications. One of the things that has started really in 2016- 2017 you start hearing a lot about universal basic income and I get a raise of hands who’s heard the term universal basic income? So most of you have heard it it’s this really it. Actually encompasses a number of different ideas some of which libertarians love and some of which sort of progressive liberals love and so and they’re very actually they’re very different but there’s a lot of these questions around if work is changing, if there’s less of it or less of it that in if we’re using the same economic…

  • Will China “Intervene” in Hong Kong?
    Articles,  Blog

    Will China “Intervene” in Hong Kong?

    Is Hong Kong descending into chaos? Or parties? Either way, the Chinese Communist Party Is threatening to intervene. This is China Uncensored. I’m Chris Chappell. The situation in Hong Kong is getting out of control! At least according to the Chinese Communist Party. It makes sense. If the Party gradually steals away Hong Kongers’ freedoms without anyone noticing, everything is going according to plan. If people stand up for themselves, the situation is totally out of control! And obviously, the best way to bring it under control, is for Beijing to get involved in some unspecified but threatening manner! “A senior Chinese official in charge of Hong Kong affairs warned…

  • Leading an Industry Turnaround: Lessons from Government Interventions at GM and Chrysler
    Articles,  Blog

    Leading an Industry Turnaround: Lessons from Government Interventions at GM and Chrysler

    Thanks for having me. I think since we’re in a classroom setting, as Mike said, we can make this very interactive. I’ ll make a few opening remarks and sketch out what we did and we did it as quickly as I can with the clock back there reminding me what time it is and then would love to take your questions on any aspects of this. I’ll start at the end actually because when GM went public that day I had agreed to co-host CNBC and was sitting on the set of CNBC as the various GM executives and the floor people and bell rang and the first share…

  • Social Security: Universal or selective?  (1971) – with Milton Friedman and Wilbur Cohen | ARCHIVES
    Articles,  Blog

    Social Security: Universal or selective? (1971) – with Milton Friedman and Wilbur Cohen | ARCHIVES

    Narrator: Washington debates for the ’70s. A series of debates designed to bring together for an open exchange of views and opinions, outstanding authorities on vital issues facing the world of the ’70s. The topic, “Social Security: Universal or selective.” Now, here is Peter Hackett. Peter Hackes: In our society, people are living longer than ever before. Retirement comes earlier than ever before. Hence, our senior citizens are finding many more years to be lived without the financial security of a job, thus an issue of prime importance to millions of Americans is social security. Despite the fact that social security is a fact of American life and has been…

  • Economic Update: Libertarianism Capitalism and Socialism [Trailer]
    Articles,  Blog

    Economic Update: Libertarianism Capitalism and Socialism [Trailer]

    So the problems of what we have, for libertarians, are not the result of capitalism, they are the result of the government’s intrusion into capitalism. So since they’re critical of capitalism to the degree that the government is powerful, they’re even more critical of socialists because, for the libertarian, the socialist is even worse. You might think of modern socialism focused on democratizing the workplace as getting rid of (here we go now) the state inside the workplace. To get rid of the state inside the enterprise is just as important, if not more so, than to get rid of it outside in the larger society. So maybe socialists (at…

  • Elon Musk says Universal Basic Income is “going to be necessary.”
    Articles,  Blog

    Elon Musk says Universal Basic Income is “going to be necessary.”

    – There will be fewer and fewer jobs that a robot cannot do better. What to do about mass unemployment? This is going to be a massive social challenge. And… And I think, ultimately, we will have to have some kind of universal basic income. I don’t think we would be have a choice. – Universal basic income? – Universal basic income I think it’s going to be necessary. – So it means that unemployed people would be pay across the globe? – Yeah. – Because there is no job, machine/robots it’s taking over…? – That’s simply the… the… I do want to be clear: these are not things that…