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Detailed text transcripts for TV channel - CNN - 20210524:02:03:00

Of director. but they make all the decisions. what to produce, how to produce, where to produce and what to do with the profits that everybody helped to produce here. but the vast majority of people are employees. they re not part of the decision. they have nothing to do with the decision. yes, yes, yes. this is professor richard wolf, a marxian economist. since this is how school is done these days, i signed up for a private lesson in american economics. capitalism has a scary parallel with slavery, you know, a few masters, lots of slaves or futilism, a few lords, lots of surfs. so we have 5%, 4%, no more. and the vast rest of us are employees. that s capitalism. capital lism exists all arou ....

Richard Wolf , Marxian Economist , American Economics , Capital Lism ,

Detailed text transcripts for TV channel - CNN - 20210524:05:03:00

Of directors. but they make all the decisions. what to produce, how to produce, where to produce and what to do with the profits that everybody helped to produce here. but the vast majority of people are employees. they re not part of the decision. they have nothing to do with the decision. yes, yes, yes. this is professor richard wolf, a marxian economist. since this is how school is done these days, i signed up for a private lesson in american economics. so capitalism is a very bizarre arrangement, and it has a scary parallel with slavery, you know, a few masters, lots of slaves, or futilism, a few lords, lots of serfs. so we have a few capitalist employers, 5%, 4%, no more. and then the vast rest of russ employees. that s capitalism. capitalism exists all around the world. ....

Richard Wolf , Marxian Economist , American Economics , All Around The World ,