Have you ever wondered what’s the use of politics and how it works? Why people tolerate the worst lying scum at the head oh their “democracies”? Well, professor Richard Wolff has an excellent explanation than everyone can easily understand.

When I was young, I have acquired my bachelor degree in law. Then I had to make a very long pause from law practice, and when I have returned to it — it wasn’t the same law I have learned at the University. OK, you will say: “The Law evolves like everything else!” Unfortunately, the Law did not evolved, but devolved into corruption. By the time I fell ill, it was quite clear trend of destroying law all over the “Western World” and the states… that is territories under its influence. And that was not the case only with law. The science also devolved. Especially economic science. And when economy fails, there comes politics…

It's the job of politics to make people accept and live with, tolerate the economic system even when it gives them a rough shake.
— professor Richard Wolff

The politics is a system of manipulation in order of sustaining certain economic system. Now, the most interesting situation arises when the contradictions grow to the level when politics can’t do its job any more. When that happens, economic system goes into deep trouble and is often on its way out. Capitalism has tried to proclaim eternal victory and the end of history, but have miserably failed. It still exists just because the exploited masses were unable to answer the key question: what will replace it? Yet. But since 2009, we have blockchain…

Duration: 29:45

Economic Update: [S8 E9] One Big Push Against Capitalism
THIS WEEK'S TOPICS (w/timestamps):

• 01:30 Updates on the growing poverty rate in California;
• 04:19 The epidemic of childhood obesity in the U.S;
• 06:45 The economic fallout of Trump's steel tariff.
• 13:55 Announcements;
• 14:52 SPECIAL TOPIC: Professor Wolff’s explanation of how politics in the United States has sustained capitalism and what the politics of change will require.

To watch the second half of the interview, please visit https://www.patreon.com/economicupdate

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