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Capitalism And Class In America

Economist Richard Wolff explains the weaknesses of capitalism and the need for Americans to understand the system under which they live and work.

There are many problems associated with capitalism (state capitalism): wage slavery, concentration of wealth and power, undermining of democracy, repression of curiosity and creativity, environmental destruction, the boom and bust cycle (over production), economic depression, promotion of competition over cooperation, isolation of individuals from society, consumerism, escapism, apathy, emotional instability, political corruption (cronyism), suppression of science and technology research due to short term profit motive, personal debt, crime, violence, war, etc.

The strength of capitalism is its ability to produce enormous wealth (surplus), but this is only possible through state capitalism (government control of the economy).



Lee Camp: 'Hey, Armchair Activist, This One's For You'

[Caution: Language may not be suitable for work.]

Comedian Lee Camp devotes one of his infamous three-minute political comedy rants, part of his Moment of Clarity series, to the May 1st General Strike.

"We take days off for a well-cooked turkey," he recites at a rapid clip while staring into the camera. "Or for a bunny rabbit that poops eggs. So why the f**k not take a day off in honor of resisting the extraction of the world's resources into the hands of a select few @ssholes? Seriously, people. For f**k's sake, I can't believe you're still thinking about it."

Indeed.

Filmmaker: Lee Camp