Ask Prof Wolff: Capitalism is Unstable… and It’s Designed That Way

***Help us reach 300,000 subscribers! We are very close to reaching this important milestone but need your assistance. Please like, subscribe, and share these videos with friends and family. Thank you for your support! A Patron of Democracy at Work asks: "Are any complex systems eternally homeostatic? Cyclic behavior is a euphemism for millions of people will lose their jobs and homes, quit school, etc. I don't think that anyone imagines an economic system sans fluctuations. That would be truly Utopian. Or dystopian rather because fluctuations can be rightly considered a healthy feature of complex systems. But my overall impression in listening to professor Wolff is that these instabilities are borne in no small measure from the fundamental tensions that constitute the employer/ employee relationship." This is Professor Richard Wolff's video response. Submit your own question to be considered for a video response by Prof. Wolff on Patreon:   / community  . Ask Prof Wolff is a ‪@democracyatwrk‬ production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/democracyatwork. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us continue to make this possible. _________________________________________________________________________ We are excited to introduce our new Book Donation Program, which distributes free d@w books to libraries, schools, co-ops, prisons, and more. To request books or donate to the program: https://www.democracyatwork.info/book... __________________________________________________________________________ Check out the 2021 Hardcover edition of “Understanding Marxism,” with a new, lengthy introduction by Richard Wolff! Visit: https://www.lulu.com/en/us/shop/richa... “Marxism always was the critical shadow of capitalism. Their interactions changed them both. Now Marxism is once again stepping into the light as capitalism shakes from its own excesses and confronts decline.” Check out all of d@w’s books: "The Sickness is the System," "Understanding Socialism," by Richard D. Wolff, and “Stuck Nation” by Bob Hennelly at http://www.lulu.com/spotlight/democra... _________________________________________________________________________ Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon:   / democracyatwork   Twitter:   / profwolff     / democracyatwrk   Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Daily Motion: https://www.dailymotion.com/democracy... Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop our worker CO-OP made MERCH: https://democracy-at-work-shop.myshop...