@umhalil - do you remember that earnest, "My-sh*t-don't-stink" look you would put on your face when you were 5 years old, and lying about stealing cookies? Can you imagine being a grown-up, and you still can't lie any smoother than you did then? :D
The state can't be bankrupt because its debts are in a currency which it controls absolutely and backed by nothing. After this period of fictitious capital destruction (deflation) there will be massive inflation. It won't be hyperinflation, but it will be double digit inflation lasting many years. We won't pay back the govt. debt in 2008 dollars, we will pay it back in 2012 devalued dollars. The inflation will be equivalent to an extra 10-20%/year tax.
The insidious thing about inflation is that it allows the state to tax the populace indirectly. The state is printing dollars to bail out the capitalist class. Those extra dollars will eventually purchase less commodities. People will have to work harder to make enough money to purchase commodities and pay taxes, even without officially raising taxes.
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Sorry friend but you are on a hiding to nothing. There will be no Marxist revolution. There is only one thing less impressive than the capitalist experiment and that is the socialist one!
You will not hear any of my videos endorse the failed soviet experiment. Please don't conflate the development of a critical analysis of capitalism in crisis with your own stereotype of "marxist revolution". I happen to think alternatives to capital are possible, but to develop these we have a lot of theoretical work to do, beginning with strengthening our understanding of capital. If you have specific criticism of my analysis please state it. Otherwise refrain from putting words in my mouth.
Great interpretations, if only we could get this kind of thing out on mass media for the entire working class to see! Then maybe there'd be some change...
i wish i could get them subtitles whenever i watched tv...instead i just write it in all the free newspappers they put out on the train station...the metro (bullshit free version)
OMG!!! look at Bush's eyes!! he is totally reading off a screen and a bad reader at that!! Did America want a Kindergarden teacher to read Winnie the Poo to us all or what!!!!!!!!!! What a sham!! who wrote his speach and who is running the show!! I want answers not gibberish!! Where is the true resposible party and representive to hold responsible!!!
Follow-up question: Yes, Bush is a moron and an asshole. But doesn't a systemic analysis of crisis compel us to state that even with a competent, conscientious chief executive, something like this would still have been inevitable?
Related to that, consider a parallel universe in which the Glass-Steagall Act had remained in place, and mortgages hadn't gotten out of hand; how would things have played out? In other words, where is the weakness of the main liberal diagnosis here?
Glass-Steagall. Of course, one can never really predict the particular outcome of historical events. But we can say what the dominant tendencies and trajectories are. So, even though it's hard to say exactly what would happen in a hypothetical situation, we know that the pending crisis would have still been there, but capital would have to find another way of sustaining fictitious values and absorbing surpluses or else the crisis might have struck sooner.
I think I may have been unclear--I was not calling Brendan a liberal, I was asking him to attack the consensus that seems to be forming in liberal circles which blames this crisis on specific instances of under-regulation.
I see this as necessary if we are to translate this analysis into one which can inform action and decision-making. When the mainstream implies that everything would have been fine if not for X, our argument that they wouldn't is stronger if we can paint a specific picture.
Bloody brilliant, Brendan. Bloody brilliant.
bapyou 1 year ago
What a masterpice!
razzihel 1 year ago
@umhalil - do you remember that earnest, "My-sh*t-don't-stink" look you would put on your face when you were 5 years old, and lying about stealing cookies? Can you imagine being a grown-up, and you still can't lie any smoother than you did then? :D
nameofthepen 1 year ago
Hahahaha, wow, this is the best thing I have seen in months!
yadsik 2 years ago
both videos = awesome
last comments on 2nd video = hilarious
emptiermbs 2 years ago
Here comes the fascist jackboot descending on our necks.
yeahwotevaman 3 years ago
The state can't be bankrupt because its debts are in a currency which it controls absolutely and backed by nothing. After this period of fictitious capital destruction (deflation) there will be massive inflation. It won't be hyperinflation, but it will be double digit inflation lasting many years. We won't pay back the govt. debt in 2008 dollars, we will pay it back in 2012 devalued dollars. The inflation will be equivalent to an extra 10-20%/year tax.
binjahmon 3 years ago
The insidious thing about inflation is that it allows the state to tax the populace indirectly. The state is printing dollars to bail out the capitalist class. Those extra dollars will eventually purchase less commodities. People will have to work harder to make enough money to purchase commodities and pay taxes, even without officially raising taxes.
binjahmon 3 years ago
Ingenious, great job.
MaxwellX831 3 years ago
the shit has certainly hit the fan for the capitalists. lol. i think socialism is about to make a big comeback :D
ashaman1324 3 years ago
it is even in nearby canada.
utubgi101 3 years ago
This comment has received too many negative votes show
Sorry friend but you are on a hiding to nothing. There will be no Marxist revolution. There is only one thing less impressive than the capitalist experiment and that is the socialist one!
pdblower 3 years ago
You will not hear any of my videos endorse the failed soviet experiment. Please don't conflate the development of a critical analysis of capitalism in crisis with your own stereotype of "marxist revolution". I happen to think alternatives to capital are possible, but to develop these we have a lot of theoretical work to do, beginning with strengthening our understanding of capital. If you have specific criticism of my analysis please state it. Otherwise refrain from putting words in my mouth.
brendanmcooney 3 years ago
we are all screwed, stock up on food and water
Awesomermac 3 years ago 5
It would be smarter to learn another language and move.
mistaspot1 3 years ago 2
you mean there's a place america doesnt control? let us run to this utopia!
McOath 3 years ago
"Democratic capitalism is the best system ever devised"? They're still trying to capitalise on Cold War propaganda, how completely unpredictable.
allhailtuna 3 years ago 6
Great interpretations, if only we could get this kind of thing out on mass media for the entire working class to see! Then maybe there'd be some change...
TheMasses101 3 years ago 2
Assist the crash of capitalism.
Viva libertad.
KenCat1337 3 years ago 3
So Funny...Yet so TRUE!
12235117657598502586 3 years ago
the guy who wrote the subtitles is a genius!!!!
evonderw 3 years ago
Yes, that's why everyone should subscribe to and promote his videos.
brendanmcooney 3 years ago
this dude who wrote the subttls - genious!
both smart and funny
and ppl,don't just watch and comment - SHARE THIS VID
nbgtrickster 3 years ago 2
wouldn't it be,,,i meant.
ntheAttic 3 years ago
would that be cool if this vid was pirate broadcasted over a major network at prime time? lol!
ntheAttic 3 years ago 2
i wish i could get them subtitles whenever i watched tv...instead i just write it in all the free newspappers they put out on the train station...the metro (bullshit free version)
mikflaherty 3 years ago
A wonderful counter-analysis! A very effective way of translating the BS.
WillShade 3 years ago 2
read between the lines
using our tax dollars
bying our houses temporaily
there buying the world
open your eyes
eric04050607 3 years ago
This comment has received too many negative votes show
This is the illuminati taking over. Its starting.
eric04050607 3 years ago
This is not, at all, the intended message of this video.
brendanmcooney 3 years ago
Conspiracy theories or the poor man's ideology strike again
shuvit90 1 year ago
This has been flagged as spam show
@eric04050607 Conspiracy theories or the poor man's ideology strike again
shuvit90 1 year ago
Comrade, this is fantastic! This needs to be discovered and put on national television.
santino666 3 years ago 4
FUCKING BRILLIANT!
elmerslashp 3 years ago 2
brilliant, as always.
I'm a little far from the crisis for now (Israel)... but I guess wee won't be to far behind.
Mr0bombastic 3 years ago
Timely and necessary commentary
nickglais 3 years ago 2
OMG!!! look at Bush's eyes!! he is totally reading off a screen and a bad reader at that!! Did America want a Kindergarden teacher to read Winnie the Poo to us all or what!!!!!!!!!! What a sham!! who wrote his speach and who is running the show!! I want answers not gibberish!! Where is the true resposible party and representive to hold responsible!!!
mentalst88 3 years ago
do you think anyone can memorize that? of course he's reading. thats not supposed to be a secret haha
auxhernandez81 3 years ago
Follow-up question: Yes, Bush is a moron and an asshole. But doesn't a systemic analysis of crisis compel us to state that even with a competent, conscientious chief executive, something like this would still have been inevitable?
Related to that, consider a parallel universe in which the Glass-Steagall Act had remained in place, and mortgages hadn't gotten out of hand; how would things have played out? In other words, where is the weakness of the main liberal diagnosis here?
HebaruSan 3 years ago
On the first point- yEs.
Glass-Steagall. Of course, one can never really predict the particular outcome of historical events. But we can say what the dominant tendencies and trajectories are. So, even though it's hard to say exactly what would happen in a hypothetical situation, we know that the pending crisis would have still been there, but capital would have to find another way of sustaining fictitious values and absorbing surpluses or else the crisis might have struck sooner.
brendanmcooney 3 years ago
This is far from liberal.
elmerslashp 3 years ago
That's the conservative mindset - us : conservative. Everyone else: liberal.
MarxBakuninMe 3 years ago
I think I may have been unclear--I was not calling Brendan a liberal, I was asking him to attack the consensus that seems to be forming in liberal circles which blames this crisis on specific instances of under-regulation.
I see this as necessary if we are to translate this analysis into one which can inform action and decision-making. When the mainstream implies that everything would have been fine if not for X, our argument that they wouldn't is stronger if we can paint a specific picture.
HebaruSan 3 years ago
"The big fish will eat the little fish." OMG, I almost peed myself. Sooo good.
MarsBars21 3 years ago 2
I listened to it on the radio, but without the subtitles it didn't make any sense. Now I understand. Thanks Brendamn!
milt0nics 3 years ago 2
So funny.
Kaaru 3 years ago
brilliance.
RevolutionarySpectre 3 years ago 2