Economic Update: The System Implodes: Amazon, Evictions, Tax Abuses, & M...

CA Economic Update: The System Implodes: Amazon, Evictions, Tax Abuses, & Minimum Wages 152,804 views •Mar 1, 2021 6.5K 214 Share Save Democracy At Work 231K subscribers [S11 E08] The System Implodes: Amazon, Evictions, Tax Abuses, & Minimum Wages On this week's show, Prof. Wolff discusses Amazon's profits; New York state's eviction crisis and capitalism's reproduction of poverty and inequality; New York's stock transfer tax; raising the minimum wage; and the subsidizing of billionaire's big sport businesses. Read the episode transcript: https://www.democracyatwork.info/eu_s...​ **Economic Update with Richard D. Wolff is a@Democracy At Work​ production. We make it a point to provide the show free of ads. Please consider supporting our work. Donate one time or become a monthly donor by visiting us at democracyatwork.info/donate or become a patron of Economic Update on Patreon: https://www.patreon.com/economicupdate​. Your contributions help keep this content free and accessible to all. Now more than ever, sharing Prof. Wolff's message is critical. _________________________________________________________________________________________ Learn more about Prof Wolff's new book, "The Sickness is the System: When Capitalism Fails to Save Us from Pandemics or Itself" released in September 2020. Available as a paperback and now also as an eBook! www.democracyatwork.info/books "Richard Wolff in his new book examines frightening and anti-democratic configurations of corporate power, offering not only a blueprint for how we got here, but a plan for how we will rescue ourselves and create new models of economic and political justice.” - Chris Hedges Check out Prof. Wolff's other books "Understanding Socialism" and "Understanding Marxism" http://www.lulu.com/spotlight/democra...​ _________________________________________________________________________________________ Want to help us translate and transcribe our videos? Learn about joining our translation team: http://bit.ly/2J2uIHH​ Jump right in: http://bit.ly/2J3bEZR​ _________________________________________________________________________________________ Follow us ONLINE: Patreon: https://www.patreon.com/economicupdate​ Websites: http://www.democracyatwork.info/econo...​ http://www.rdwolff.com​ Facebook: http://www.facebook.com/EconomicUpdate​ http://www.facebook.com/RichardDWolff​ http://www.facebook.com/DemocracyatWrk​ Twitter: http://twitter.com/profwolff​ http://twitter.com/democracyatwrk​ Instagram: http://instagram.com/democracyatwrk​ Subscribe to our podcast: http://economicupdate.libsyn.com​ Shop our CO-OP made MERCH: https://democracy-at-work-shop.myshop...​ 1,929 Comments Auggie Giuseppe Add a public comment... mocki mocki 3 weeks ago In Scandinavia we have $23/hour as starting salary (Yes, that incl. McDonalds etc!). Last week there was an article in BusinessInsider and Time that stated; "The 1% have taken (stolen) $50 Trillion from the lower 90%" in the last 4 decades or so! I guess that's where the wage hikes and "American Dream" went, to the 1%. Disgusting greed. 279 Tom Tapp Tom Tapp 3 weeks ago (edited) The SYSTEM is the problem. Those that are writing the rules or laws are the same ones that benefit from those same laws. Take a look at the USA citizens on skid row in LA, then tell me that the USA congress et al, care about those USA citizens. They are more concerned with dealing with insider trading for themselves. In essence: “I’ve got mine, you go and get yours”…. That’s what they are saying and care about. This has been the USA policy for a long long time. 136 ParcelOf Rogue ParcelOf Rogue 3 weeks ago Pre-fascism, Neo Facism, & nationalist nativism - when capitalism is under pressure 174 Bobww3 Bobww3 3 weeks ago Richest dude in the world and has to steal from people..... wow!!!!! 153 Nina Nina 3 weeks ago THEY WOULDNT BE BILLIONAIRES WITHOUT THE WORKERS! 239 aveuch aveuch 3 weeks ago Tax tampons but not stocks, yeah, totally fair. 88 Elvin Hayes Elvin Hayes 3 weeks ago The US has thousands of nuclear bombs loaded on ICBM's. They can hit any target in the world. No one is ever going to really mess with such an arsenal. So why do they have 750 overseas military installations? To provoke conflict so as to justify their immense oligarchical military expenditures. 135 Sintorace Sintorace 3 weeks ago If you can't afford to pay a living wage, you should not be in business 27 Herger The Joyous! Herger The Joyous! 3 weeks ago The wealthy apparently have no obligation to sustain the civilized society who's backs they stood upon to obtain their I'll gotten gain's! They shall suffer the wrath of the poor! 204 jack hahn jack hahn 3 weeks ago "But M4A would destroy the economy by saving over 17 trillion" Yeaaaah who wants to eat the rich cause they're eating the rest of the country 88 Antony werner Antony werner 3 weeks ago in germany we have a Law ( Gesetz gegen Wettbewerbsbeschränkungen) that requires the interests of small and medium-sized companies to be given preference when awarding public contracts, even if the order is to be divided into several small orders for more than one Companie. 173 The third eye The third eye 3 weeks ago In India, 1951: top 1% owned 13% of the wealth. 2019: top 1% own 58% of the country's wealth. (Oxfam International) 2030?? 47 Rob Grune Rob Grune 3 weeks ago (edited) A country that ignores and oppresses its children cannot succeed. A country that does not have a level playing field for its citizens cannot succeed. 182 MF Doomtree MF Doomtree 3 weeks ago God this just makes me wish the imaginary group of worker-friendly politicians Wolff talks about existed in America 67 PonziZombieKiller PonziZombieKiller 3 weeks ago This shit is fixing to blow up. good bye cruel world. 33 EricaWexlerMusic EricaWexlerMusic 3 weeks ago Rome is burning and the elites are partying. 20 Angela Lewis Angela Lewis 3 weeks ago (edited) I hope amazon crashes and fails I wouldnt buy water from them if i was stuck in the desert 31 Peter Revello Peter Revello 3 weeks ago Funny you should mention amazon flex, I’m literally about to start my flex shift, watching this in an amazon warehouse parking lot. It’s really bad, we take shifts that are supposed to last around 3-4 hours and we’re given net pay, say 50-85$ for that time depending on the demand. Sounds ok at first, but here’s the downsides, they could give you 50+ deliveries to make in those 3 or 4 hours, plus keep you waiting at the warehouse, means you will rarely if ever finish on time. Also there is absolutely no guarantee that you’ll get any shift at all. So absolutely no stability in schedule or in pay makes planning life and paying rent a nightmare. 27 ace moore ace moore 3 weeks ago These crooked ways of the big corporations is reason enough for us to find ways to greatly increase income taxes on the rich.