Capitalism Hits The Fan: A Marxian View (Lecture)

Economist Rick Wolff gives a Marxian view of the economic meltdown. The lecture is based of the same talk given on the mediaed.org DVD. See the trailer below.

http://www.videosift.com/video/Capitalism-Hits-The-Fan
westysays...

..

why are the retarded students writing as he talks it annoys the hell out of me watch and listen to what he says then write notes ore watch the pod cast afterwards , stupid retard student idoits. iv done presentations and nothing annoys the hell out of me more than people writing crappy notes constantly, yeah write a few words to remind u of things but CONSTANT WRITING ARGJHGHGHGH

rougysays...

He was 100% spot on.

God we need a real leader now, and not from the government.

The only thing stopping us from doing it ourselves is our total lack of cooperation, which is largely due to our lack of communication, which in turn is due to our lack of real leadership, and a clear vision.

rougysays...

>> ^Enzoblue:
I like this because it gets me off my 'greed is the root of every problem ever' kick. I seem single minded on this view and need a good slap, it's getting old.


I don't follow, hombre.

I think that greed is, basically, the root of all evil, but do you mean that this video showed you another side to the story?

Enzobluesays...

It show's more that you can't just blame it on greed. If you fill a river with rocks you can't blame the flooding in your house on the physics of water. That kind of thing.

Although when I follow this line of thought and ask, "ok, why did you put the rocks there..", I fall back into my 'greed is the root of every problem ever' kick. Thanks a lot roughy. You could at least let me get through Sunday.

Enzobluesays...

>> ^Crake:
Greed tempered by wisdom shouldn't cause any problems, right?


You have to limit your definition of greed to a degree. The greed I hate is not greed for life and happiness etc, it's the greed for material wealth. The greed that makes a person wants more stuff, and gives little or no thought to consequences. Maybe someday he'll stop and do something great for the world, (he may think), but that day can never come when the only target is more. No wisdom really comes into play for these kind of people and it's even considered a sign of weakness.

Crakesays...

^So, regarding my actual question... if these people limited their greed to wise, but perhaps selfish, choices, what bad could come of it?

Or does your definition of wisdom not allow for material wants?

My point is, as long as you think long term (superficially "wisdom"), what harms everyone, harms yourself too... it's "Prisoner's Dilemma"-logic.

Enzobluesays...

>> ^Crake:
if these people limited their greed to wise, but perhaps selfish, choices, what bad could come of it?


The world would be a better place. Easy call. But like I said, these people don't use it. They're focused on more at any cost except their own sacrifice, and they don't think long term. Happy employees is long term, so's making the world not use oil etc.

I don't understand your prisoner's dilemma reference, unless you're suggesting it as an excuse to take everything because if you don't someone else will. In which case, that's just an excuse used by guys who made the rules. If they were really wise, the dilemma wouldn't come up.

Crakesays...

^hmm... I checked, and it seems what I thought was just "prisoner's dilemma" is actually called "iterated prisoner's dilemma", at least according to Wikipedia.

the iterated version is the only one that has any interesting ethical results, though, since the actors are forced to behave altruistically, although they're still acting selfishly, too... the result of long term thinking.

It's the same for greedy evil capitalists... if they want return business, there's no point in cheating their customers. They'll have to give reasonable value for money.

And you still haven't addressed my question, "what IF greed was coupled by long term thinking", you're still just saying that "greed is always short term, unwise and evil".

Well, if greed is just the want for more things, as opposed to a humble need for a minimum of material goods, is that enough to make it evil?

Is it impossible to get something you want in a non-harmful way?

Enzobluesays...

I did answer your question, the world would be a better place. This is the reason I suggested two separate interpretations of greed. I'm not objecting to the kind of greed that makes someone want to get the most out of life and make the world a better place for himself, because his wisdom will work well for the common good. It is better for you if your employees are happy and you don't drive through miles of slums to get to work etc. I do object to the single-minded greed I described already.

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