559: Capitalism's Crisis Deepens, Global Economic Meltdown by Dr. Richard D. Wolff - a podcast by Jason Hartman talks to Joe the Plumber, Janice Dean, Bernard Kerik, Senator Byron Dorgan, Daniel Flynn, Susan Crawford, Navy SEAL Team Six, G. Edward Griffin, Craig Hulet, Gerald Celente, Matthew Stein, Steven Greenhut, Charles Goyette, John Perkins, C

from 2020-07-22T16:00

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Dr. Richard D. Wolff, professor of economics and author of Understanding Marxism, joins Jason Hartman today, discussing the global economic meltdown. Wolff shares his interpretation of marxism and why he believes that is has been poorly applied. As well, Hartman and Wolff discuss capitalism in America, the perception and the reality.

Wolff and Hartman discuss the disproportionate pay between CEO and workers. The CEO to worker compensation ratio has changed dramatically. Wolff states that a cooperative/directorship might work using the example of The Mondragon Corporation.

Key Takeaways:

[2:15] Was Karl Marx's ideas applied wrong?

[8:45] "A liberal and a marxist are not the same things."

[10:30] What is a Marxist?

[12:45] Capitalism didn't make the break from fatalism and slavery that it thought it did.

[16:45] Did any country have genuine pure marxism?

[20:30] "There's a reason that a very small number of people are capitalists (entrepreneur) and a very large number of people are workers" - Wolff

[20:45] How do we solve the issue of disproportionate pay between boss/worker, redistribution?

[24:00] How would a company run with a representative republic, cooperative, or directorship?

[25:10] Successful Co-op, The Mondragon Corporation.

[31:45] What is the Yellow Vests Movement?

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