A moneyless,classless,stateless communities of humanity expressing our freedom in creative harmonious cooperation for a world that is so POTENTIALLY AND ACTUALLY nourishing. Capitalism in any form, Statist or Corporatist is the denial of our common humanity in a politically manipulated, tyrannical , armed MARKET SYSYTEM OF ARTIFICIAL SARCITY and distortions that is designed to perpetuate the enslavement of the working class for material interest of the criminal ruling elite.
@djewt1 even if we did have laissez faire capitalism, it would still create a breeding ground for corporatism. Capitalism will never work because it's inherently amoral and immoral. Imagine anarcho-capitalism, there would be so much inequality and corruption that the ruling ceo's of companies would be the leaders. What we really need, is anarcho-syndicalism in the current environment, but within the next 100 years, a resource based economy would be ideal.
Well said Chang, the U.S. had always been protectionist, and the Marshall plan did end in the 70s. That is when globalization began, neo-liberal policies came out of washingtion.
@simply2ghetto, hard to debunk a 10 min interview in a short comment.
My criticism is that simply pointing out that 100% free trade never really existed or that the US Government messed up other countries' economies is not a good argument, and should not lead to the conclusion that Government knows best.
If you look at all the biggest atrocoties in human history, they were created by well meaning Governments / leaders and not by profit driven corporations.
@LibertyDownUnder I have some news for you, the government has already taken over the U.S. economy. They refuse to discourage outsourcing by placing tariff on cheap asian imports. They encourage the race to the bottom by supporting the race by multinational corporations to manufacture in one hemisphere and selling in another hemisphere duty free. Destroying the economy they sell in.
@louiethegreater, tariffs don't hel panyone. I don't know any country that benefits from import tariffs. Do you?
And I have no problem with outsourcing, manufacturing in South East Asia. They need to earn a living too and should be allowed to compete like anyone else.
Many businesses are leaving the US due to excessive taxes and regulations, not due to a shortage of workers.
@LibertyDownUnder Well, I can tell you that the U.S. protected our markets, for a century and a half. I can also tell you that the U.S. auto industry was destroyed by a protecionist economy. Japan protected their economy with 50% tariffs while the U.S. allowed Japan duty free access to our markets, thus destroying our auto, and auto parts industries. It is the responsability of government to protect the citizens from the ravages of free trade, and neo-liberalism. Japan did, the U.S. did.
@LibertyDownUnder What are you taking about, Federal Reserve bankers, Wall street, cause the great deperession and sustained it. What has Japanese payscale have to do with american auto makers. American Government should care about its citizens not Japans. Do you choose for Australian lobor to earn the same as Asian labor, especially Indonesia, and China. If you do please stay in Australia. The world in in a mess, but it was not cause by protectionism, it was caused by global bankers.
1. Yes Wall St & the Fed caused the Depression but Protectionism made it go global. Thomas Sowell explains this here /watch?v=AQQon4tjlSA (4 min).
2. US auto makers compete with Japanese ones. The amount they pay staff affects the end price of the car. If GM pays too much - it can't compete.
3. I don't want to "choose" the pay for Australian workers. Businesses and individuals should compete freely and set their own pay. The Government doesn't "set" my pay.
@LibertyDownUnder That is ridiculous, Sowell is a product of the corporate funded washington think tanks. From 1929 to 1933 net exports decreaded by 1.5 of the fall in GDP as domestic demand fell by the remaining 98.5%. Don't you think it is obsurd to say that 1.5 % of GDP cause the rise in unemployment and ignore the other 98.5% of GDP. Tariffs was 40% in 1929 before Smoot-Hawley, how could you possibly say the US was not protectionist befor 1960, free trade and neo-liberalism has destroyed U.S
@LibertyDownUnder One question do you work in manufacturing, I have noticed that those who work at infrastructure jobs, businessmen who love cheap imports, and those who work in infrastructure, jobs that cannot be outsorced are very insensitive to those who work in manufacturing.
1. I work in IT and my job can easily be outsourced. I have to compete internationally and I have no problem with that.
2. Sowell is not a product of US corporations, in many interviews he criticises corporation & government partnerships.
3. From the USDA website:
"The United States was not alone in escalating tariffs, and world trade plunged. In the 1930s, the volume of U.S. agricultural exports fell by more than 20 percent from the previous decade."
@LibertyDownUnder Yes Sowell is a product of corporate sponsered washington think tanks, don't tell me that I have followed his career since the Gingrich days. The welfare state paid his way through Howard, and Harvard, and now he bashes the system that supported him.
World trade would have fallen anyhow. Of course agricultural exports fell, nations around the world consumed their own agricultiral product.
@louiethegreater, who paid for Sowell's education is not what I judge him by. I listen to his ideas and judge for myself.
On public schools: /watch?v=e2Nuy_gbMtc
If you think collapsing world trade and countries relying more on their domestic product is a good thing, you are probably going to get what you want in the next few years. With a nasty set of side effects too, mainly rising prices, unemployment, crime, state bankruptcies, bank closures and the collapse of social security & medicare.
@Ventorez You are right, those events will happen any way. They will happen because of the plan laid out by those who are destroying the world economy. With the intent of uniting the world into a giant happy plantation.
@LibertyDownUnder His ideas are no different than any other neo-liberal, gloalist. Kicking those who demand the right to destroy domestic industries, rob resources, create a global enviroment where citizens of any nation is forced to compete with .20/hr Asian labor, is what is collapsing the world economy. How about international bankers selling toxic derivitives to the would, what about S&P, and Moodys rating them AAA stocks. Protectionism is what allows a nation to employ their citizens.
@LibertyDownUnder Thats comedy, Peter Scheff is just another jew boy on the make. He says american should start making thing again, but supports outsourcing and encourages foreign investment instead of investement in his own country. He cannot have it both ways. He is content to advise his clients to make their money off the backs of Asian cheap labor. Gerold Celente is worse he does not consider himself american but a citizen of the world, he would gladly trade in his american citizenship.
@LibertyDownUnder Outsourcing of U.S. Domestic industries has brought a great nation to her knees. We like Australia, have a lot of you chickens rooting for colonal sanders also.
Hi stillnessONtheWAY: Thanks for your kind words. Want to let you know Larouche is giving a international webcast on November 11th. You will get truthful information on the current global financial situation. For more info, visit the LaRouchePac. website
now that the mask of liberalism has fallen the humanity did not only bankrupt all the banks but also created a voidin political and economical theories where is adam smiths invisible hand ?i think it is about time you all come clean and convert to the devine law of islam before they inslave all of you
The world is living under a global financial dictatorship know as Free Trade Capitalism or "Globalization". This dictatorship owns & runs the Global Stock Market System that is creating economic slavery around the world. The spokesperson for this Empire is the British Monarchy. The Queen & her US & Saudi political friends are in bed with this Imperial Financial Circle & are making a fortune. She's a prostitute. At her age, she should know better! Youtube: LaRouche the British Empire?
Very wise my friend. Thanks for helping spread this.... not too many people know whats going on or tend to disregard it as false. your deeds benefit society and humanity at the end... keep it up. Freedom will come from LATIN AMERICA ... i am 100% sure... unless they are sqashed at the end under the label of extremists. Sad world.... wake up people. We have been F***ED for way too long... its time we get to stick them up.
Dr Chang is brilliant and also he's very funny. I really like someone who can tell powerful truths as he does, but also find ways to integrate humor into it. I really wish we had a president who wanted change and would have asked Dr. Chang to be a key advisory or better a Cabinet Member.
This comment has received too many negative votesshow
Americans make the best products in the world And are watched and policed by all American citizens to make sure products are made safely as can be Or they are fined or sued. Companys that leave USA in make products elsewhere is for low standers ,slave wages,ect Other countries have much more closed markets. In japan only 5% of there cars are foreign made because of there gov. and there more patroitic. Many Americans used to be, lets be again. Go on line to USA MADE. Fair decent jobs USA MADE.
This is one of the smartest economist alive today! Lots of very practicle advise.
vudu8ball 2 months ago 2
Comment removed
andyx1205 2 months ago
This has been flagged as spam show
A moneyless,classless,stateless communities of humanity expressing our freedom in creative harmonious cooperation for a world that is so POTENTIALLY AND ACTUALLY nourishing. Capitalism in any form, Statist or Corporatist is the denial of our common humanity in a politically manipulated, tyrannical , armed MARKET SYSYTEM OF ARTIFICIAL SARCITY and distortions that is designed to perpetuate the enslavement of the working class for material interest of the criminal ruling elite.
arzoyan 3 months ago
dada da da, da da, dada da da da i mean, da da, da, i mean da da, the, da da
JagjeetMann 5 months ago
@djewt1 even if we did have laissez faire capitalism, it would still create a breeding ground for corporatism. Capitalism will never work because it's inherently amoral and immoral. Imagine anarcho-capitalism, there would be so much inequality and corruption that the ruling ceo's of companies would be the leaders. What we really need, is anarcho-syndicalism in the current environment, but within the next 100 years, a resource based economy would be ideal.
djamorpheus 7 months ago
Well said Chang, the U.S. had always been protectionist, and the Marshall plan did end in the 70s. That is when globalization began, neo-liberal policies came out of washingtion.
louiethegreater 1 year ago
From Wikipedia:
Ha-Joon Chang's contribution to heterodox economics started while studying under Robert Rowthorn, a leading British MARXIST economist
LibertyDownUnder 1 year ago
@LibertyDownUnder
No so straight forward debunking his ideas just, you would rather scare people with typing in capital letters
simply2ghetto 1 year ago
@simply2ghetto, hard to debunk a 10 min interview in a short comment.
My criticism is that simply pointing out that 100% free trade never really existed or that the US Government messed up other countries' economies is not a good argument, and should not lead to the conclusion that Government knows best.
If you look at all the biggest atrocoties in human history, they were created by well meaning Governments / leaders and not by profit driven corporations.
LibertyDownUnder 1 year ago
@LibertyDownUnder O please spare the forum quotes from Wikipedia. All economist are not worshippers of Austrin Theory.
louiethegreater 1 year ago
@louiethegreater, true, some just want the Government to take over the economy and enforce 'justice' as they see it.
LibertyDownUnder 1 year ago
@LibertyDownUnder I have some news for you, the government has already taken over the U.S. economy. They refuse to discourage outsourcing by placing tariff on cheap asian imports. They encourage the race to the bottom by supporting the race by multinational corporations to manufacture in one hemisphere and selling in another hemisphere duty free. Destroying the economy they sell in.
louiethegreater 1 year ago
@louiethegreater, tariffs don't hel panyone. I don't know any country that benefits from import tariffs. Do you?
And I have no problem with outsourcing, manufacturing in South East Asia. They need to earn a living too and should be allowed to compete like anyone else.
Many businesses are leaving the US due to excessive taxes and regulations, not due to a shortage of workers.
LibertyDownUnder 1 year ago
@LibertyDownUnder Well, I can tell you that the U.S. protected our markets, for a century and a half. I can also tell you that the U.S. auto industry was destroyed by a protecionist economy. Japan protected their economy with 50% tariffs while the U.S. allowed Japan duty free access to our markets, thus destroying our auto, and auto parts industries. It is the responsability of government to protect the citizens from the ravages of free trade, and neo-liberalism. Japan did, the U.S. did.
louiethegreater 1 year ago
@louiethegreater, protectionism is what made the great depression go global, so careful what you wish for.
Japanese auto makers pay their staff a third of what auto union workers get in the US. GM spends more money on healthcare than on steel!
Unions destroyed the US auto industry, not free trade.
To look at the situation and conclude that MORE protectionism is the answer will sink the world into a much worse crisis.
The US needs to de-regulate, cut taxes and get back to work.
LibertyDownUnder 1 year ago
@LibertyDownUnder What are you taking about, Federal Reserve bankers, Wall street, cause the great deperession and sustained it. What has Japanese payscale have to do with american auto makers. American Government should care about its citizens not Japans. Do you choose for Australian lobor to earn the same as Asian labor, especially Indonesia, and China. If you do please stay in Australia. The world in in a mess, but it was not cause by protectionism, it was caused by global bankers.
louiethegreater 1 year ago
@louiethegreater,
1. Yes Wall St & the Fed caused the Depression but Protectionism made it go global. Thomas Sowell explains this here /watch?v=AQQon4tjlSA (4 min).
2. US auto makers compete with Japanese ones. The amount they pay staff affects the end price of the car. If GM pays too much - it can't compete.
3. I don't want to "choose" the pay for Australian workers. Businesses and individuals should compete freely and set their own pay. The Government doesn't "set" my pay.
LibertyDownUnder 1 year ago
@LibertyDownUnder That is ridiculous, Sowell is a product of the corporate funded washington think tanks. From 1929 to 1933 net exports decreaded by 1.5 of the fall in GDP as domestic demand fell by the remaining 98.5%. Don't you think it is obsurd to say that 1.5 % of GDP cause the rise in unemployment and ignore the other 98.5% of GDP. Tariffs was 40% in 1929 before Smoot-Hawley, how could you possibly say the US was not protectionist befor 1960, free trade and neo-liberalism has destroyed U.S
louiethegreater 1 year ago
@LibertyDownUnder One question do you work in manufacturing, I have noticed that those who work at infrastructure jobs, businessmen who love cheap imports, and those who work in infrastructure, jobs that cannot be outsorced are very insensitive to those who work in manufacturing.
louiethegreater 1 year ago
@louiethegreater,
1. I work in IT and my job can easily be outsourced. I have to compete internationally and I have no problem with that.
2. Sowell is not a product of US corporations, in many interviews he criticises corporation & government partnerships.
3. From the USDA website:
"The United States was not alone in escalating tariffs, and world trade plunged. In the 1930s, the volume of U.S. agricultural exports fell by more than 20 percent from the previous decade."
LibertyDownUnder 1 year ago
@LibertyDownUnder Yes Sowell is a product of corporate sponsered washington think tanks, don't tell me that I have followed his career since the Gingrich days. The welfare state paid his way through Howard, and Harvard, and now he bashes the system that supported him.
World trade would have fallen anyhow. Of course agricultural exports fell, nations around the world consumed their own agricultiral product.
louiethegreater 1 year ago
@louiethegreater, who paid for Sowell's education is not what I judge him by. I listen to his ideas and judge for myself.
On public schools: /watch?v=e2Nuy_gbMtc
If you think collapsing world trade and countries relying more on their domestic product is a good thing, you are probably going to get what you want in the next few years. With a nasty set of side effects too, mainly rising prices, unemployment, crime, state bankruptcies, bank closures and the collapse of social security & medicare.
LibertyDownUnder 1 year ago
@LibertyDownUnder cept we're most likely gonna see that anyway
Ventorez 1 year ago
@Ventorez, true :)
But it's not irreversible.
PLEASE watch the 1920 video I sent you. It is long, but there's more wisdom in there than most economics degrees. Very well researched too.
LibertyDownUnder 1 year ago
@Ventorez You are right, those events will happen any way. They will happen because of the plan laid out by those who are destroying the world economy. With the intent of uniting the world into a giant happy plantation.
louiethegreater 1 year ago
@LibertyDownUnder His ideas are no different than any other neo-liberal, gloalist. Kicking those who demand the right to destroy domestic industries, rob resources, create a global enviroment where citizens of any nation is forced to compete with .20/hr Asian labor, is what is collapsing the world economy. How about international bankers selling toxic derivitives to the would, what about S&P, and Moodys rating them AAA stocks. Protectionism is what allows a nation to employ their citizens.
louiethegreater 1 year ago
@louiethegreater, as I said, protectionism is coming your way now.
So looks like you'll get what you want.
LibertyDownUnder 1 year ago
@LibertyDownUnder If protectionism is coming our way I wish it would hurry. The U.S. cannot take much more free trade and neo-liberalism.
louiethegreater 1 year ago
@louiethegreater, it may take a bit longer than 3 weeks.
LibertyDownUnder 1 year ago
@LibertyDownUnder Hope it doesn't take to much longer, free trade has brought the country to the edge of collapse.
louiethegreater 1 year ago
@louiethegreater, this is what has brought the US to the edge of collapse, not freedom:
/watch?v=zY4cwwU5VIY
LibertyDownUnder 1 year ago
@LibertyDownUnder Thats comedy, Peter Scheff is just another jew boy on the make. He says american should start making thing again, but supports outsourcing and encourages foreign investment instead of investement in his own country. He cannot have it both ways. He is content to advise his clients to make their money off the backs of Asian cheap labor. Gerold Celente is worse he does not consider himself american but a citizen of the world, he would gladly trade in his american citizenship.
louiethegreater 1 year ago
@LibertyDownUnder Outsourcing of U.S. Domestic industries has brought a great nation to her knees. We like Australia, have a lot of you chickens rooting for colonal sanders also.
louiethegreater 1 year ago
@louiethegreater, if you're going to resort to racism and insults then I don't have much to add here.
LibertyDownUnder 1 year ago
@LibertyDownUnder You never had anything to add to begin with.
louiethegreater 1 year ago
@LibertyDownUnder Still waiting on that protectionism. None yet, unemployment is 20%.
louiethegreater 1 year ago
Didn't Adam Smith debunk and destroy mercantilists over 200 years ago in his Wealth of Nations (i.e. massive rant against mercantilism)?
bonfirejovi 1 year ago
Hi stillnessONtheWAY: Thanks for your kind words. Want to let you know Larouche is giving a international webcast on November 11th. You will get truthful information on the current global financial situation. For more info, visit the LaRouchePac. website
gkgreger 2 years ago
now that the mask of liberalism has fallen the humanity did not only bankrupt all the banks but also created a voidin political and economical theories where is adam smiths invisible hand ?i think it is about time you all come clean and convert to the devine law of islam before they inslave all of you
alilapointe1 2 years ago
The world is living under a global financial dictatorship know as Free Trade Capitalism or "Globalization". This dictatorship owns & runs the Global Stock Market System that is creating economic slavery around the world. The spokesperson for this Empire is the British Monarchy. The Queen & her US & Saudi political friends are in bed with this Imperial Financial Circle & are making a fortune. She's a prostitute. At her age, she should know better! Youtube: LaRouche the British Empire?
gkgreger 2 years ago
Very wise my friend. Thanks for helping spread this.... not too many people know whats going on or tend to disregard it as false. your deeds benefit society and humanity at the end... keep it up. Freedom will come from LATIN AMERICA ... i am 100% sure... unless they are sqashed at the end under the label of extremists. Sad world.... wake up people. We have been F***ED for way too long... its time we get to stick them up.
stillnessONtheWAY 2 years ago
Dr Chang is brilliant and also he's very funny. I really like someone who can tell powerful truths as he does, but also find ways to integrate humor into it. I really wish we had a president who wanted change and would have asked Dr. Chang to be a key advisory or better a Cabinet Member.
Aiden057 2 years ago
This comment has received too many negative votes show
Americans make the best products in the world And are watched and policed by all American citizens to make sure products are made safely as can be Or they are fined or sued. Companys that leave USA in make products elsewhere is for low standers ,slave wages,ect Other countries have much more closed markets. In japan only 5% of there cars are foreign made because of there gov. and there more patroitic. Many Americans used to be, lets be again. Go on line to USA MADE. Fair decent jobs USA MADE.
bestwayusa1 2 years ago
hahahaha the wolves are garding the henhouse
rsuthe00 2 years ago 4
We could learn a lot from the Jordanian banking system which has war proofed itself and is robust enough to survive shocks.
infokemp 2 years ago