Richard wolf has to be the worst economist of all time

[The truth seeker]

I can’t believe this guy teaches at yale he clearly has no idea why a business buys shares in the first place he just say only way you buy shares is stealing or inheritance

 

[Shimbiris]

I can’t believe this guy teaches at yale he clearly has no idea why a business buys shares in the first place he just say only way you buy shares is stealing or inheritance

He's being hyperbolic to illustrate how indeed many capitalist shareholders are parasitic and contribute nothing to the services and goods being produced at the conglomerates they own shares in. But even so, nothing he says is remotely false. That is how it works regardless of how you got the shares.

Also, stop the cope, walaal. The majority of major shareholders either got their through luck, inheritance or exploiting their way to the top due to a lack of scruples. We do not live under a meritocracy.

 

[The truth seeker]

He's being hyperbolic to illustrate how indeed many capitalist shareholders are parasitic and contribute nothing to the services and goods being produced at the conglomerates they own shares in. But even so, nothing he says is remotely false. That is how it works regardless of how you got the shares.

Also, stop the cope, walaal. The majority of major shareholders either got their through luck, inheritance or exploiting their way to the top due to a lack of scruples. We do not live under a meritocracy.

Companies need capital that’s why they sell shares the funds they collect from shareholders go into investing in new projects or hiring workers this is how the global capitalist system works and it’s lifted 1 billion people out of poverty in just 20 years name one other system in history that’s done that

https://www.cato.org/commentary/capitalisms-triumph

79 % of millionaires did not receive inheritance “stole money and bought them on the stock market ” did he forget the SEC exists for a reason

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Western Marxist professors who were blessed to be born in a capitalistic society always do these surface level analysis they preach about how socialism is the best economic system on earth but can’t tell me what country in the last 100 said system has worked in

 

[Basra]

I can’t believe this guy teaches at yale he clearly has no idea why a business buys shares in the first place he just say only way you buy shares is stealing or inheritance

He makes perfectly sense to me. A smarter more lucid version of Politician Bernie

 

[The truth seeker]

He makes perfectly sense to me. A smarter more lucid version of Politician Bernie

He says that sound good to a 21 year old In debt but is woefully ignorant




Dnahsih PM had to correct him lol

 

[AbrahamFreedom]

He's a pretty shitty Marxist too but I enjoy his work.

 

[Basra]

He says that sound good to a 21 year old In debt but is woefully ignorant




Dnahsih PM had to correct him lol

Maximilien Robespierre is short and small size

 

[The truth seeker]

He's a pretty shitty Marxist too but I enjoy his work.

false information is all you will get from this man

 

[Keep it a boqol]

This guy is arguing management doesn’t bring any value to companies what a quak.

Also depending on your company you can get stock options, equity, and stock bonuses depending on the stock market and company performance so workers are incentivized to make the company grow and succeed. It’s a win win. big workers who work in corporate barely complain about the salary’s or benefits if anything you get more benefits working corporate vs other industries like healthcare industry or labour.

I find that marxists are either very unattractive, mentally ill, ugly, or have never worked a full time respectable career.

If i worked low paying jobs and wage slaved in mcdonald’s yeah i’d be upset and blame the system but corporate management depaite being lucrative has a lot of responsibility’s and pressures not everyone is equipped to handle.

 

[The truth seeker]

This guy is arguing management doesn’t bring any value to companies what a quak.

Also depending on your company you can get stock options, equity, and stock bonuses depending on the stock market and company performance so workers are incentivized to make the company grow and succeed. It’s a win win. big workers who work in corporate barely complain about the salary’s or benefits if anything you get more benefits working corporate vs other industries like healthcare industry or labour.

I find that marxists are either very unattractive, mentally ill, ugly, or have never worked a full time respectable career.

If i worked low paying jobs and wage slaved in mcdonald’s yeah i’d be upset and blame the system but corporate management depaite being lucrative has a lot of responsibility’s and pressures not everyone is equipped to handle.

Wallahi facts these Marxists critique a system they don’t understand and by the way Communism and socialism are nation killers Cuba , soviets North Korea , Venezuela , wealthy places that were improvised and are run by brutal dictators



The so called “progressives ” are anti business, , refuse to invest in literally anything and raise taxes to an absurd level and they wonder why EU and Canada don’t have a single tech company and why companies over there pay lower salaries how can’t they when there being taxed to death and are overwhelmed by a a million different regulations


sxb go look at the economic trajectory of EU vs US over the last 15 years or the trajectory of the US vs canada over the last 10 years and you will see which system works

 

[Keep it a boqol]

Wallahi facts these Marxists critique a system they don’t understand and by the way Communism and socialism are nation killers Cuba , soviets North Korea , Venezuela , wealthy places that were improvised and are run by brutal dictators



The so called “progressives ” are anti business, , refuse to invest in literally anything and raise taxes to an absurd level and they wonder why EU and Canada don’t have a single tech company and why companies over there pay lower salaries how can’t they when there being taxed to death and are overwhelmed by a a million different regulations


sxb go look at the economic trajectory of EU vs US over the last 15 years or the trajectory of the US vs canada over the last 10 years and you will see which system works

Sxb when i was a broke uni student i was sympathetic to the socialist cause and wanted an economy similar to the scandinavian model for easier social mobility. Even though i was living in canada i wanted free tuition and dental insurance etc as they sound more attractive etc.

From what i’ve read even though Texas doesn’t have a lot of safety nets, the cost of living is still so low and wages are decent enough you can get it out the gutter if you truly hustle enough. I doubt you can do the same in new york, Cali or other mid western states (maybe MN or colorado) since they’re all either heavily taxed with barely and large industry.

 

[The truth seeker]

Sxb when i was a broke uni student i was sympathetic to the socialist cause and wanted an economy similar to the scandinavian model for easier social mobility. Even though i was living in canada i wanted free tuition and dental insurance etc as they sound more attractive etc.

From what i’ve read even though Texas doesn’t have a lot of safety nets, the cost of living is still so low and wages are decent enough you can get it out the gutter if you truly hustle enough. I doubt you can do the same in new york, Cali or other mid western states (maybe MN or colorado) since they’re all either heavily taxed with barely.

I don’t have a lot of time to explain but Cali has become a complete shithole in the last 15 years wallahi last good era was the 2000s damm as 53 % of the People want to leave


Here is good video that explains