Economic Update: Capitalism vs. Democracy

CA 9+ Economic Update: Capitalism vs. Democracy 7,753 views •May 10, 2021 1K 15 Share Save Democracy At Work 236K subscribers [S11 E18] Capitalism vs. Democracy On this week's show, Prof. Wolff presents an analysis of how and why capitalism is an undemocratic economic system. The first half is devoted to the micro-level, namely to the organization of the enterprise (factory, office or store). Its undemocratic character is exposed using examples and empirical evidence. The second half has a macro-level focus that shows how capitalism's generation of growing income and wealth inequality impels the employer class (a small numerical minority) to use their money politically. Their practice undermines real democracy leaving only its empty forms. **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 now! 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...​ ______________________________________________________________________________ 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...​ 251 Comments Auggie Giuseppe Add a public comment... Kelsey Wood Kelsey Wood 5 hours ago Thank you, Professor Wolff. Your reports are extremely important. They keep me going! If I could find a job, I would donate to support what you do. 17 Nikolas Azzi Nikolas Azzi 5 hours ago I wish I could like this more than once.... 23 Mark O'Phaeley Mark O'Phaeley 7 hours ago In the capitalist system your only freedom is in choosing your predator. 34 Tom Smith Tom Smith 7 hours ago Right on Rick! The sad part is that 99% of people in america even give this a thought when they go to their jobs, live under the tyranny of the rich all their lives and survive from birth to death condemned to scraping by in "an airtight cage of poverty". If more people paid heed to your show...then ACTED ON IT it would be a new day in this country. 16 Erin C Erin C 2 hours ago Your videos are always an insight to what is going on. Thank you for your time, professor. 🙏♥️ 1 Tigg Tiggs Tigg Tiggs 2 hours ago Thank you, Prof' Wolff. I'm going to buy your book for my mum. She's a middle class, zombie capitalist from the 'boomer' generation, but she does love a good read, bless her. 😁👍 1 ri ckatatastan ri ckatatastan 7 hours ago You might be interested in "The Preston Model", where the local government is being lauded for Worker Owned Cooperatives and encouraging a local focus. 1 A G A G 7 hours ago That jacket tho 👍🏼 10 Dinner with Franklin Dinner with Franklin 51 minutes ago I join my voice with many others in saying thank you very much for your work Professor 1 Patriotic American Patriotic American 5 hours ago When editing your videos you need to turn your volume to the maximum and then save the edit because you're only about 50% volume