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Episode 0251 - Richard Wolff Thinks PROFITS are Theft, Here's Why He is WRONG!
Capitalism and the free market are constantly being attacked by people who enjoy the benefits of these systems but then constantly criticize them. It's fine to criticize things but at least try to do it in a way that is honest and based in reality. It bothers me that some people put forth ideas that are really dangerous but do so by using caricatures and tapping into negative emotions. It's effective but very dishonest and manipulative. Join me today as we demonstrate this by critiquing Richard Wolff's critique of the profit system and entrepreneurship.
At the very heart of capitalism is a system of exploitation. That is not a pejorative label: it’s an objective definition of what work actually means. In order for capitalists to make a profit, their workers have to earn less than the value they produce, and that extra value has to go to their bosses. You’re being robbed – and it’s the system called capitalism that’s doing it. Professor Richard Wolff, the Founder of Democracy at Work, explains. Please comment, like, and subscribe!
Richard Wolff: How You Are Being Exploited - YouTube
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By Who Gets to Decide?Capitalism and the free market are constantly being attacked by people who enjoy the benefits of these systems but then constantly criticize them. It's fine to criticize things but at least try to do it in a way that is honest and based in reality. It bothers me that some people put forth ideas that are really dangerous but do so by using caricatures and tapping into negative emotions. It's effective but very dishonest and manipulative. Join me today as we demonstrate this by critiquing Richard Wolff's critique of the profit system and entrepreneurship.
At the very heart of capitalism is a system of exploitation. That is not a pejorative label: it’s an objective definition of what work actually means. In order for capitalists to make a profit, their workers have to earn less than the value they produce, and that extra value has to go to their bosses. You’re being robbed – and it’s the system called capitalism that’s doing it. Professor Richard Wolff, the Founder of Democracy at Work, explains. Please comment, like, and subscribe!
Richard Wolff: How You Are Being Exploited - YouTube