Dr Richard Wolff and the contradictory of capitalism

Tony Miselli
   Money Speak
   professor Richard Wolff recently had a show about the affects of capitalism and the contradictory nature of it in its current profit driven consumption methods. Richard Wolff brilliantly spoke on his podcast about the nature of capitalism and how workers and consumers are increasingly unable to afford much of the products tat capitalism attempts to have sales driven growth while slashing incomes and benefits for the millions of workers it relies upon. This could only be a product o the financialization of the economy where luxury items those who can afford are dependent on companies slashing costs and the middle class. Richard Wolff warned that massive inequality is the driving force behind the terrorism in much of the world and warfare seen across the globe and if nothing is done the western world will see more and more of this same chaos that appears to be engulfing the world as more and more of the greed runs corporations and reward themselves outlandishly while many suffer picking garbage cans for old scraps of discarded Quininzo's sandwiches. Wolff went on to say this society is becoming more and more cruel as advertisers bombard the public with luxury items out of reach to the average consumer and tells them there is something wrong with them if they do not come from a connected family that can secure a high earning income to be able to purchase these products. Wolff went on to compare this effect to offering a pitbull puppies some food and making him jump and jump for the snack but never giving the animal a bite or offering of the food driving the dog mad. Wolff says eventually the puppy will grow up and remember this cruel treatment and bite the shit and kill the owner. This is what we are seeing with the Arab uprising against oil and Lebanese global trade economic domination and is what we will see eventually in China and elsewhere.