[MUSIC] Neoliberalism is a term for the political and economic policies associated with unrestrained free market global capitalism. The term was popularized in the 1980s by Ronald Reagan, Margaret Thatcher, and economist Milton Friedman, and is still prominent today. Proponents of Neoliberalism see free markets and free trade as a foundation for human flourishing, creating…Read More Pros and cons of neoliberalism
Today’s EU for our Patreon community: In recent days and weeks, a number of billionaires have taken to very public whining. Here’s what they’re whining about, and I’m particularly focused on Leon Cooperman, a hedge-fund billionaire, and Jamie Dimon, the head of the largest bank in the United States — names that I assume many…Read More Today’s EU: Wealth Tax
Welcome, friends, to another edition of Economic Update, a weekly program devoted to the economic dimensions of our lives – jobs, incomes, debts – all of that. I’m your host, Richard Wolff, and today I want to begin by dividing our program into two major discussions. The first part will be the condition of the…Read More Economic Update: U.S. Economy and the Market
Prof: Good morning. Now today’s topic is Weber’s theory of legal-rational authority and his theory of bureaucracy. This is one of those questions–those topics–Weber is probably the best known for. It’s also a rather complicated issue. When we are saying legal-rational authority, we briefly refer to the rule of law, and we tend to associate…Read More 20. Weber on Legal-Rational Authority
Fascism is capitalism in decay. You may have heard that quote already but what does it mean? And who said it? That seems like an easy question because the entire internet seems to be sure that it was the Russian revolutionary Vladimir Ilyich Lenin who said this but that’s not quite true. I spent more…Read More What “Fascism is capitalism in decay” means
say, for the sake of argument, you’re an alien tasked with studying human behavior by the great galactic committee. Now, due to your species’ xenobiology, you cannot, and will never be able to understand human language. The only thing you can do is to observe humans, and nothing else. Now, because you can’t talk to…Read More Is China Socialist?
Are you scared of a Labour government? Yes! We are two weeks out from a general election we’ve already had stories about the super-rich being ready to flee the country if Jeremy Corbyn comes to power. We thought we’d come to the city to ask people’s opinions on whether or not the richest should pay…Read More Are Bankers Scared Of Corbyn? We Asked Them.
An interesting new poll came out this week from Gallup showing that among millennials and generation Z, socialism is just as popular, just as acceptable as capitalism. Now, this is the only age group where those two things are roughly equal and capitalism has as much favoribility as socialism. The other age groups, the boomers,…Read More Young People Gravitate To Socialism As Capitalism Keeps Failing Them
– You know what that tastes like? Freedom. Every year at the open air Delacorte Theater in Central Park, New York City, they put on a big Shakespeare play. Thsometimes thstarring a famousth thcelebrity. And it’s free! You don’t even have to pass an exam to show that you understand Shakespeare, they just let anybody…Read More The Trouble with the Video Game Industry | Philosophy Tube