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Richard Wolff: Pure Capitalism = Pure Fantasy

Day 9 Occupy Wall Street September 25 2011 Shankbone 25

Image by david_shankbone via Flickr

Dandelion Salad

breakingtheset on May 30, 2013

Abby Martin talks to Richard Wolff, Professor Emeritus at the University of Massachusetts, and author of ‘Democracy at Work: A Cure for Capitalism’, about the recent school closures in Chicago, and how it reflects a systemic problem within the current capitalist model.

see

Patriotic Yardsticks for Unpatriotic Giant Corporations by Ralph Nader

Richard Wolff: Obama Preaches Stimulus to Europe and Practices Austerity at Home

Michael Hudson: What is Debt Deflation?

Richard Wolff VS Joseph Minarik: Debate on Social Security

Richard Wolff: Capitalism’s Destructive Power + Wolff Urges End to Austerity, New Jobs Program, Democratizing Work

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3 Responses

  1. There are no “free markets.”
    Never have been, never will be.
    There is no such thing as the “fully informed consumer” who can make the rational choices which the logic of capitalism requires.
    Never has been and never will be.
    The logic of capitalism, and therefore the system, too, is flawed and untenable.

  2. “Nothing is pure” we hear from Professor Wolf.

    Indeed…and just so: Pure Democracy is as much a myth and a pipe dream as any other ‘Purity’…aye?

    How about that experiment in the Dictatorship of the Proletariat?
    [the dictatorship of the majority - as it were]
    How did that pan out?

    The problem is based in the idea of ‘collectivism’ as opposed to ‘individualism’. One would note that what we call “Capitalism” is in fact the same sort of ‘planned economy’ that is proposed by “Communism”, it is merely the core group that holds the monopoly of Power.

    In both systems the Majority was controlled by perception manipulation, by PR.

    I agree with Wolf in that the problem is systemic, but a swing to “Pure Democracy” would be simply another form of the dialectic; another false synthesis.

    It is ludicrous that the issues here are based on what is called “education”__what is ‘education’ in this system but social engineering.
    Any ‘state imposed and financed’ “education” will be indoctrination.

    What has passed for “Capitalism” is in fact mercantilism – this is not the working of free markets, but again the working of a monopolist grouping, now euphemistically referred to as the ONE PERCENT.

    What ever brand we give to this upper elite, it has an historically obvious agenda – one which I will point out has NEVER been revealed by the “educational system,” which presents a Lollipop version of history. Only an auto-didactic education can discover the hidden veins of history. No system will reveal the truths that give its leaderships the advantage.

    Educate yourselves – take nothing for granted.

    \\][//

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