Posted on 10/11/2019 6:28:01 AM PDT by rktman
(Original pub date was 9/2017)
“Americans are getting closer and closer to understanding that they live in an economic system that is not working for them, and will not work for their kids.”
These days, Richard Wolff is feeling pretty glad he stuck around teaching this long. Now in his 70s and lecturing at the New School University and having become, over the course of his nearly 50-year-long professorial career, one of America’s most prominent Marxist economists, Wolff is used to being fringe.
In 2011, the same year that Occupy Wall Street injected dissatisfaction with the financial system into the American mainstream, Wolff founded Democracy at Work, a nonprofit that advocates for worker cooperatives–a business structure in which the employees own the company, and share decision-making power over salaries, schedules, and where profits are directed. “If I had to pinpoint right now where the transition away from capitalism is happening in the United States, it’s in worker co-ops,” Wolff says. Though he’s been championing the cause of cooperatives–a radically democratic departure from the top-down capitalist business structure–for years, certain recent events, like the 2008 recession and the presidency of Donald Trump, poster boy for corrupt capitalism, have galvanized a distinctly anti-capitalist movement in the U.S.
(Excerpt) Read more at getpocket.com ...
Wolff WAS fringe for most of his seven decades on this planet.
No more. His belief system is now approximately where the center of the Democrat Party lies.
And once enough of us meet the Grim Reaper it’s going to be majority thought in this country.
“worker co-ops”
And what happens if I refuse to go along with the co-op’s BS? Re-education camp and execution, I guess.
Ah...so these employees put up their own money for the company? They finance their ownership, and then get to make decisions about how to handle payroll and direct profits?
Well, that sounds exactly like capitalism!
Or...do these "employees" gain "ownership" through some other means? Does the government step in and "acquire" these companies, and then assign these co-op employees?
Because that's NOT like capitalism.
“The End Of Capitalism Is Already Starting–If You Know Where To Look”
Where? Try any big city from LA to NYC that has been run by demonrats for the past 40 / 50 years
I shall let them proceed ahead of us.
Certain CEO’s are already raising the white flag.
Prepare to welcome your new co-op overlords!
Union indoc for you.
orker cooperatives–a business structure in which the employees own the company, and share decision-making power over salaries, schedules, and where profits are directed.
Yes, remember Bill Ayers, their patron saint, who estimated that they would have to kill 25 million who refused the new world order?
Sorry, Wolff, but profit is the incentive for dynamic individuals such as Steve Jobs, Bill Gates, and Jeff Bezos to build up a business which makes millions of people prosper. If the state owns the business, any profit goes to the state, removing any incentive for building up a massive, profitable business.
Capitalism leads to prosperity. Yes, some people have more money than others! Talented, intelligent, dynamic, hard-working people make more money than stupid, indolent ones.
The left hates that. It is obsessed with “equality”. To achieve “equality” it will take most of the money earned by the dynamic ones and give it to the lazy, ignorant ones, thus removing any incentive for future Bill Gateses to create a huge business starting in their garage.
Being a prominent Marxist economists during his 50 year career one would think he would have wanted to live in a socialist or communist country for a few decades to demonstrate his political convictions. But of course he opted to spend his career here.
I bet he has concocted some elaborate excuses for not leaving. After all, life in the “oppressive” USA is good. He resides in Manhattan, the very epicenter of capitalism.
The end of capitalism started quite some time ago. But nobody wanted to see it because they might have to be responsible give up government goodies. Businesses would have to make it on their own capabilities.
Capitalism (free markets) not working? Lol! We’ve never actually tried it. Our system has always had far too many government controls to be truly free market. Just think what we could be!? The very same people that have kept us from real unencumbered prosperity, now want to shackle us with Marxist socialism. Go figure!?
You can make an argument for the fact that capitalism ended in the 1970’s when the business community figured out that $100K spent on Capitol Hill lobbying returned a bigger ROI than millions invested in new plants, employees, or capital equipment.
Now it’s all a game of working the system to gain leverage and suckling off the government teat.
My local business paper is chock-full of interviews with supposed entrepreneurs and CEO’s, all whining that the government does not do enough for them.
Yup. It ended some time ago.
Marxian “economist”.
Progressive “intellectual”.
Climate change “scientist”.
Ah, the glorious days of mega Oxymorons.
Or open rebellion.
Most of the worker co-ops will get tired of voting on minutiae such as which soap dispenser vendor to use, and will finally vote to hire as professional management team.
They’ll decide to get additional funds for investment from public capital markets.
And voila- the modern public corporation is reborn.
New School was established to promote Marxism.
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