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Richard Wolff - Marxist economic theory explained

Richard Wolff - Marxist economic theory explained

(16:03) American Marxian economist Richard Wolff explains Marxian economics. youtube.com/user/TYTComedy

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Guest: (14 days ago)

Silly Sods.

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Silly Sods.

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Guest: BigHot (13 days ago)
Latest comment:

Thank goodness I'm rich, and can afford to get poor people on less than minimum wage to bring me pizza.

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Latest comment:

Thank goodness I'm rich, and can afford to get poor people on less than minimum wage to bring me pizza.

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Guest: (14 days ago)

I don't think it's right that the founders and owners of a company should give up control to their employees. Sure, the owners should listen to all the stakeholders and maybe give them a place at the board, but the control should remain in the hands of the owners. Anyone not happy with this arrangement is free to start their own company operating in a marxist manner.

When it comes to taking half of Jeff Bezos' fortune away and giving it to the poor, why don't mr Wolff and mr Dore put their money where their mouth is and give up their own fortunes. The wealthy people should be taxed at a fair rate, and the American tax system is probably way overdue for reform, but the government can't take people's money away willy-nilly.

Original comment

I don't think it's right that the founders and owners of a company should give up control to their employees. Sure, the owners should listen to all the stakeholders and maybe give them a place at the board, but the control should remain in the hands of the owners. Anyone not happy with this arrangement is free to start their own company operating in a marxist manner.

When it comes to taking half of Jeff Bezos' fortune away and giving it to the poor, why don't mr Wolff and mr Dore put their money where their mouth is and give up their own fortunes. The wealthy people should be taxed at a fair rate, and the American tax system is probably way overdue for reform, but the government can't take people's money away willy-nilly.

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Maxwell1956 Maxwell1956 (14 days ago)

Guest...I agree with your statement....I don't think it's right that the founders and owners of a company should give up control to their employees.

I do think working people can and should control the means of procuction ....collectively.

In 2004 I read a book entitled," PARECON - Participatory Economics" by Michael Albert - VERSO Publishing. There is a better way.

LINK

Mr. Blair M. Phillips

Canada

Original comment

Guest...I agree with your statement....I don't think it's right that the founders and owners of a company should give up control to their employees.

I do think working people can and should control the means of procuction ....collectively.

In 2004 I read a book entitled," PARECON - Participatory Economics" by Michael Albert - VERSO Publishing. There is a better way.

LINK

Mr. Blair M. Phillips

Canada

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Guest: rossglory (14 days ago)

he's talking about shareholders therefore publicly listed companies. if a company has an owner it is a private company and a different creature.

the point about bezos is that he has USD150bn. this amount of power controlled by one person (and vast wealth and power are in the hands of a very small number of individulas) is going to eventually screw up you democracy.....oh, look it already has.

Original comment

he's talking about shareholders therefore publicly listed companies. if a company has an owner it is a private company and a different creature.

the point about bezos is that he has USD150bn. this amount of power controlled by one person (and vast wealth and power are in the hands of a very small number of individulas) is going to eventually screw up you democracy.....oh, look it already has.

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