Will Obama's stimulus solve the crisis? Pt.1
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Richard Wolff, Ph.D - Air date: 05-07-07by haroldchanner12,193 views
So, wages are proportional to the productivity of labour (3:30), but technological devices which increase the productivity of labour decrease wages, all other things being equal (05:20).
Still, that's only one major contradiction in ten minutes, which is quite good for an economist. I can hardly wait to see what innovative threats of violence the man prescribes in the next part.
PanzerDivisionBOM 1 year ago
Finally, an economist out of the ivory tower. Especially the globalization: America is learning the nature of a world economy is to attain a common level - bad news for the American standard of living.l
DAVESIV 1 year ago
obama is gonna fix it what the fuck ever
bignick01dakota 2 years ago
I think he makes good points about the 1970's being significant...
BUT
he should of also talked about Ronald.R. and the conservative privatization of the economy...
he must lean to the right because that was pretty signifcant to our economy as well. And this trend has maintained itself over the past 30 years because politicans, policy, the SENATE, Presidents (Clinton,Bush,Bush,) idiots with power and dumb ideas that control the economy like treasurer's, etc etc. A lot of this is intentional
alabmawhitman 3 years ago
this man makes a lot of sense people u better wake up!!
love7277 3 years ago
Sure, sure.
MarquisdeBarrabas 3 years ago
You can't blame past administrations for the desicions being made by the current administration.
Besides, wasteful spending to clear up debt made by wasteful spending makes about as much sense as using taxes to ease taxpayer burndens.
revolutionist313 3 years ago
I wonder what happened under 8 years of "W." for "O." to have to resort to such spending.
MarquisdeBarrabas 3 years ago
It took W. 8 years to build a one trillion dollar deficit-it only took O. one month to triple that figure.
revolutionist313 3 years ago
So, who died and made YOU hall monitor? Typical.
t4705mb6 3 years ago