American Capitalism Has Always Relied On Government
American Capitalism Has Always Relied On Government - Economic Update
Dec. 20, 2022
Democracy At Work - Professor Richard D. Wolff
CAPITALISM HAS ALWAYS BEEN AUTHORITARIAN
Capitalism is often presented as synonymous with freedom, but when the ruling class meets resistance it responds with violence... and exposes the coercion that sustains a deeply unequal system.
Professor Wolff describes the early development of U.S. capitalism and how dependent capitalists were on the British then American government.
"Capitalism was born, and like most newborns, it was weak and wobbly. And it needs a lot of help, and a lot of that help was provided as always by the government: the British government when we were a colony, the American government when we were independent. And first and foremost, it was the government that snatched the land away from those other people who organized themselves in a pre-capitalist, non-capitalist way." ~Professor Richard Wolff
This is a clip from S10 E46 of Economic Update: What "Capitalism's Decline" Means
https://tribunemag.co.uk/2021/03/capitalism-has-always-been-authoritarian
Original: https://youtu.be/FdjMPwmH3d4
Watch the full episode on our YouTube channel at https://youtu.be/pS-eCnCneyA
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