Richard D. Wolff is Professor of Economics Emeritus, University of Massachusetts, Amherst where he taught economics from 1973 to 2008. He is currently a Visiting Professor in the Graduate Program in International Affairs of the New School University in New York City. He wrote Democracy at Work: A Cure for Capitalism and founded www.democracyatwork.info, a non-profit advocacy organization of the same name that promotes democratic workplaces as a key path to a stronger, democratic economic system. Professor Wolff discusses the economic dimensions of our lives, our jobs, our incomes, our debts, those of our children, and those looming down the road in his unique mixture of deep insight and dry humor. He presents current events and draws connections to the past to highlight the machinations of our global economy. He helps us to understand political and corporate policy, organization of labor, the distribution of goods and services, and challenges us to question some of the deepest foundations of our society. For more of his lectures, visit the Democracy at Work YouTube channel: https://www.youtube.com/user/democrac….
Have you wondered why politicians aren’t what they used to be, why governments seem unable to solve real problems? Economist Yanis Varoufakis, the former Minister of Finance for Greece, says that it’s because you can be in politics today but not be in power — because real power now belongs to those who control the economy. He believes that the mega-rich and corporations are cannibalizing the political sphere, causing financial crisis. In this talk, hear his dream for a world in which capital and labor no longer struggle against each other, “one that is simultaneously libertarian, Marxist and Keynesian.”DNA has degenerated it is rather becauseone can be in government today and notin power because power has migrated fromthe political to the economic spherewhich is separate indeed I spoke aboutmy quarrel with capitalism if you thinkabout it it is a little bit like apopulation of predators that are sosuccessful in decimating the prey thatthey must feed on that in the end theystarvesimilarly the economic sphere has beencolonizing and cannibalizing thepolitical sphere to such an extent thatit is undermining itself causingeconomic crisis corporate power isincreasing political goods are devaluinginequality is rising aggregate demand isfalling and CEOs of corporations are tooscared to invest the cash of theircorporations so the more capitalismsucceeds in taking the demons out ofdemocracy the taller between peaks atthe greater the waste of human resourcesand humanity’s wealth clearly if this isright we must reunite the political andeconomic sphere and better do it withAdiemus being in control like in ancientAthens except we are the slaves or theexclusion of women and migrants now thisis not an original idea the marxist lefthad that idea 100 years ago and itdidn’t go very well did the lesson thatwe learned from the soviet the battleis that only by a miracle with theworking poor be rien powered as theywere in ancient Athens without creatingnew forms of brutality and waste butthere is a solutioneliminate the working poor capitalism isdoing it by replacing low-wage workerswith automata androids robots theproblem is that as long as the economicand the political spheres are separateautomation makes the Twin Peaks tallerthe waist loftier and the socialconflicts deeper including soon Ibelieve in places like China so we needto reconfigure we need to reuniteeconomic and the political spheres butwe better do it by democratizing thereunified sphere less to end up with asurveillance mad hypocracy that makesthe matrix the movie look like adocumentary so the question is notwhether capitalism will survive thetechnological innovations it is spawningthe more interesting question is whethercapitalism will be succeeded bysomething resembling a matrix dystopiaor something much closer to a startrek-like society where machines servethe humans and the humans expend theirenergies exploring the universe andindulging in long debates about themeaning of life in some ancient Athenianlike high-tech Agora I think we canafford to be optimistic but what wouldit take what would it look like to havethis star trek-like utopia instead ofthe matrix like dystopia
Philosopher Kwame Anthony Appiah offers hope for quiet, sustained culture shift through the “endless shared conversation” of friendship. The writer of the New York Times “Ethicist” column studies how deep social change happens across time and cultures. “If you have that background of relationship between individuals and communities that is conversational, then when you have to talk about the things that do divide you, you have a better platform.”
If you have that background of relationship between individuals and communities that is, in that sense, conversational, then when you have to talk about the things that do divide you, you have a better platform. You can begin with the assumption that you like and respect each other even though you don’t agree about everything, and you can maybe build on that. And you can know that, at the end of the conversation, it’s quite likely that you’ll both think something pretty close to what you both thought at the start. But people who’ve been heard and whose position is understood — this is one of the great virtues of democracy when it’s working — tend to be more willing to accept an outcome that they wouldn’t have chosen because they feel they’ve had voice; they’ve participated in the process.
As usual, the president makes his predecessors look better.
Suppose you’re the type of smart conservative reluctantly inclined to give Donald Trump a pass for his boorish behavior and ideological heresies because you like the way the economy is going and appreciate the tough tone of his foreign policy, especially when it comes to Islamic fundamentalism.
These last few weeks haven’t exactly validated your faith in the man, have they?
.. The president has abruptly undermined Israel’s security following a phone call with an Islamist strongman in Turkey. So much for the idea, common on the right, that this is the most pro-Israel administration ever.
.. Contrary to the invidious myth that neoconservatives always put Israel first, the reasons for staying in Syria have everything to do with core U.S. interests. Among them: Keeping ISIS beaten, keeping faith with the Kurds, maintaining leverage in Syria and preventing Russia and Iran from consolidating their grip on the Levant.
.. Powers that maintain a reputation as reliable allies and formidable foes tend to enhance their power. Powers that behave as Trump’s America has squander it.
.. But leave that aside and consider the Trump presidency from a purely Israeli standpoint. Are Israelis better off now that the U.S. Embassy is in Jerusalem? Not materially. The move was mostly a matter of symbolism, albeit of an overdue and useful sort. Are Israelis safer from Iran now that the U.S. is no longer in the Iran deal and sanctions are back in force? Only marginally. Sanctions are a tool of strategy, not a strategy unto themselves.
.. What Israel most needs from the U.S. today is what it needed at its birth in 1948: an America committed to defending the liberal-international order against totalitarian enemies, as opposed to one that conducts a purely transactional foreign policy based on the needs of the moment or the whims of a president.
.. From that, everything follows. It means that the U.S. should not
- sell out small nations — whether it was Israel in 1973 or Kuwait in 1990 — for the sake of currying favor with larger ones. It means we should
- resist interloping foreign aggressors, whether it was the
- Soviets in Egypt in the 1960s, or the
- Russians and Iranians in Syria in this decade. It means we should
- oppose militant religious fundamentalism, whether it is
- Wahhabis in Riyadh or Khomeinists in Tehran or Muslim Brothers in Cairo and Ankara. It means we should
- human rights,
- civil liberties, and
- democratic institutions, in that order.
Trump has stood all of this on its head.
He shows no interest in pushing Russia out of Syria. He has neither articulated nor pursued any coherent strategy for pushing Iran out of Syria. He has all but invited Turkey to interfere in Syria. He has done nothing to prevent Iran from continuing to arm Hezbollah. He shows no regard for the Kurds. His fatuous response to Saudi Arabia’s murder of Jamal Khashoggi is that we’re getting a lot of money from the Saudis.
He speaks with no authority on subjects like press freedom or religious liberty because he assails both at home. His still-secret peace plan for Israel and the Palestinians will have the rare effect of uniting Israelis and Palestinians in their rejection of it
.. If you think the gravest immediate threat to Israel is jihadist Hezbollah backed by fundamentalist Iran backed by cynical Russia, the answer is no.
.. If you think the gravest middle-term threat is the continued Islamization of Turkey under Recep Tayyip Erdogan — gradually transforming the country into a technologically competent Sunni version of Iran — the answer is no.
.. If you think that another grave threat to Israel is the inability to preserve at least a vision of a future Palestinian state — one that pursues good governance and peace with its neighbors while rejecting kleptocracy and terrorism — the answer is no.
And if you think that the ultimate long-term threat to Israel is the resurgence of isolationism in the U.S. and a return to the geopolitics of every nation for itself, the answer is more emphatically no.