Naomi Klein-Wall St. Crisis should be end of Neoliberalism-1/5

[OrgonVpH7]

Neoliberalism (global free flow of capital) allowed rapid international expansion of corporations. That's why today we don't have a solid national state to defend the rights of human individuals. We have corporatism, which defends the rights of corporate personhood statute.

A kind of global fascist technocorporatism is forming now, and their intentions are well known: UN Agenda 21. 

[procraft]

What is all this bullshit. I haven't heard so many strawman arguments in such a short time before. Woah...

[FleshMob]

This woman has BALLS!

[spkilledme]

Some viewers are still having trouble comprehending her message, I see. Too bad, she does such a good job of breaking it down for you.

[speggy]

the first woman talking is perhaps thee most irritating accent/voice/tone i have ever heard!!!!!!!!!!!!

[jereuter01]

Naomi Klein is a genius! Truth to Power! Thanks for posting this extremely illuminating speech. I read her book and it distilled what I had been vaguely aware since I graduated from college back in '72. The blind worship of Neoclassical economic theory is also responsible for the 2010 5-4 U.S. Sup.Ct. decision that recognizes corporation personhood - United Citizens (Orwellian-speak) v. Federal Election Commission.

[bonfirejovi]

What rubbish. If you want to look at Keynesian policies then look at 1970s Britain. Paul Samuelson was proven wrong and Stagflation reigned supreme. As if that wasn't bad enough he was ranting on about how the Soviet would overtake the USA in the late 80s. Klein doesn't seem to understand economics at all and doesn't realise that corporate welfare is still welfare and is therefore NOT a neoliberal idea. Oh and the Stimulus is working great, isn't it Obama?

[truevoice08]

Boo capitalism! Go poverty and misery!

[TheLeftPilot]

Neoliberalism is what classical liberals, liberterians, and neoliberterians call socialism

[Nabo00o]

Thank you for sharing this : )

[KendrickJ2]

I also find it quite amusing that Classical Liberalism and neoliberalism are essentially the same... you don't say "My parents are pretty liberal... they enforce all types of rules and regulations". haha...

It appears that the big government people created the word neoliberalism as a bashing term because it appears that ad hominem is all they have.

[bonfirejovi]

@KendrickJ2 Government stooges like Klein can only argue using talking points. It is amazing how uninformed and arrogant her audience is, they don't even bother reading the other side of the argument.

[KendrickJ2]

haha... this lady is hilarious. We have the complete opposite of Friedman's perfect economic system... we have a heavy government interventionism-type Keynesian model... extremely different than any form of free market.

Her premise completely falls apart... I had seen another video where she mentions Bush's new policies with oil and bashes "capitalism"... ummm, no.. that is called government interventionism and corporatism.

[bonfirejovi]

@KendrickJ2 Exactly, corporatism and socialism have more in common than corporatism and capitalism do as the former both involve government intervention.

[GetMeThere1]

There's nothing many people love more than dancing on the graves of others. Naomi Klein is an eager (a GREEDY) dancer...

[truevoice08]

Neoliberalism is an incoherent concept manufactured by the leftist intellectuals to intimidate the masses. So is liberal democracy. Democracy necessarily entails forced redistribution of wealth from the less poor to the poor and that breeds conflict.The result is a welfare state. It literally rips society apart.

[rickbar123]

what kind of crack do you smoke?

did your mother smoke crack before your birth?

Neolib is RIGHTWINGER YOU JACKASS

[dallaskenn]

truevoice08 has attended one too many Assemblies of God christian business conferences or is simply a Southern Baptist to boot; Worse!

[rickbar123]

I think your right.

[rickbar123]

death to the neo/cons

[justaoldslave]

The poor Naomi, is every worker in the plantant. Thanks, Jim Morris

[justaoldslave]

Thanks Naomi,

[flowing2]

All these debates are mental masturbations. Real life is much more complicated. In one hand we had deregulation ex, repeal of Glass-Steagel act, and set by while big banks thru acquistions and mergers got to be giants.

On the other hand goverment regulated fannie mae and freddie mac became giants. Both of this sowed the seeds for disaster.

So we have had little of each school of economic thought applied in real life. But never a 100%.

[EliseForJoy]

That uis a good point. One of the biggest impacts of Supply Side econics imposed was the notion that most important to an economy is having cheap goods.

Go read pges of MFriedman's work -Never to see the words "tariffs" or "jobs!"

In days of '76 Revolution, those two were exactly what concerned non-university educated citizens. They revolted in part to have jobs - jobs that theUSA will not have becuz of damage done by Fr'dman, & also the de-regulatons causing Glass Steagall to be dismissed.

[Invirtuo]

Market self-regulates always.

It's government monetary policy that sank the economy.

Btw this girl is a nut. shock doctrine and no logo are terrible

[CrowdPleeza]

Isn't the "solution" then to have a market based economy that's moderately regulated? When you have too little regulation you open the door to shady and abusive business practices. Over-regulation strangles economic growth and innovation. So find a middle ground when it comes to regulation.

[lobdellb]

I think the biggest hitch in his ideas, the thing that causes them to turn out worse than you would hope: Lack of uniform education. So many of the problems in market capitalism could be made better if all players were equally well informed and capable. Any thoughts?

[MCsunday1508]

the souns is to soft.. upload it again so i can hear it :-(

[tigerone1970]

I'm sorry to disappoint the freemarketeers, but the entire meltdown is the result of neoliberal economics ('free' trade, privatisation and deregulation). Especially the deregulation of the banking sector where bankers could gamble with savings; the absence of oversight because 'government is the problem'; the belief by Alan Greenspan that greed can control the markets through selfinterest instead of oversight; etc.

What we are seeing is the result of that philosophy. Again - think 1929.

[motina10]

Nothing is free-market about fraud!

[Bagobie]

This woman is no economist. After reading her book, I find it shameful that she even has a voice on the subject. America is a mixed system, and most of what is going on today in the markets has to do with government intervention (think Freddie, Fannie, the Federal Reserve and their low interest rates, quasi-public rating agencies, etc). It is sad that the idea that capitalism is a failure will likely prevail the minds of America in the coming months/years, even though the truth is far from...

[Bacchant33rd]

Actually the whole is point about her critique is that it does NOT come from an economist, who has been indoctrinated into dehumanizing economics into a perfect science.

THIS is the root cause that people FALSELY think government intervention is bad for the economy:

The virtual parliament blackmails the government (which is SUPPOSED to be an apparatus of the American people and NOT some alien force stealing from you) into doing what the virtual parliament of investors wants.

[Bagobie]

"an economist, who has been indoctrinated into dehumanizing economics into a perfect science."

Being an economist major at Berkeley, I have no clue what you are talking about. I have never read or heard of any economist who thinks that economics is a perfect science.

"This is the root cause that people FALSELY think government intervention is bad for the economy."

Wrong - economists infer that government intervention is bad from historical data, just as scientists infer from empirical data.

[Bacchant33rd]

Bagobie, are you really an Economics major at Berkeley, or are you lying about that, the way most conservatives lie on youtube.

Watch the rest of this "Naomi Klein-Wall St. Crisis should be end of Neoliberalism," and you'll see what I'm alluding to. If your impatient, just skip to part 4/5 & start watching a portion beginning at 4 minutes & ending at 5 minutes.

Government intervention is good. Empirical data shows that.

[Bagobie]

Yes, I have watched the entire series of this presentation, and no, I am not lying about Berkeley. However, you have no reason to believe that what I am saying is true. (This is the internet, after all.)

Therefore, instead of listening me, do yourself a favor and look up economics professors' reviews of her book on your own time. (Her book discusses the same 'data' she touts here.)

Also, please Google "unintended consequences." Remember, good intentions do not necessitate good outcomes.

[mofi500]

The problem with Economics is that it is taught by the mainstream for the mainstream. You won't get much encouragement for heterodox approaches.

Speaking from experience, I have a Masters in Economics. It is not, never has been or ever will be a neutral science.

[Bacchant33rd]

If capital movements are free, tax on currencies are free, there's what economists call a VIRTUAL PARLIAMENT of investors & lenders who actually vote every minute, in fact. If they don't like what the government is doing, they ATTACK the currency.

Hence, economic liberalisation is a usurpation of democracy by imposing a private TYRANNY of investors on the populace.

"Free-market" policies are really imposing Social Darwinism on the people.

[niriafanorev]

Well said.

[LaRoucheisright]

LaRouche is the only one saying that he knows how to save the economy and the country therebye, so it is a good thing the american people don't have to approve it.

[jackzaf]

Economics is not a science. It is a hoax.

[LaRoucheisright]

In order for economics to be a science it must be Physical economics. Like that taught by LaRouche. Milton freemam was a fascist, and the LaRouche organization were the only ones fighting him.

[PhotonDrive]

Sock it to them MORE Naomi! Sheer HELL has been coming out of Chicago U's for 50 years! The A-Bomb/GMO-foods (World starvation for profit no1)/BIODESIEL (World starvation for profit no.2). NEW IDEAS TO SOLVE PROBLEMS does not come from MORE PROFITS, MORE MONEY! It comes from FRESH THINKING- which "successes" DON'T DO! These guys were WITCH DOCTORS, not real SCIENTISTS! They helped Bush DESTROY the US!

[connorryan]

Does Naomi Klein have anything good to say about capitalism?

[LaRoucheisright]

What do you mean by capitalism? See that is the issue. The system we built this country on is called the "American System" enough of the manipulation around the idea that the world is left or right, liberal or conservative. The issue is how do we create the economic conditions for the uplifting of mankind. If we make policy based on the benifit of the other like the treaty of Westphalia, there will be plenty for all.

[tapacocha4977]

I think at this point in WALL STREET -and after the 700 billion approval to bail out them- they are competing for WHO IS MORE BROKE SO THEY CAN GET MORE MONEY FROM FED.

[bulldogger]

Could someone explain the difference between neo-liberalism and neo-conservatism please.

[govspysonallchats]

Neo-conservatists is a term used by people in the united states to classify the 'Neo-Cons' and Neo-liberalists is what the rest of the world uses lol ;)

[bulldogger]

Is that supposed to be a helpful response, or just you being sarcastic ?

[govspysonallchats]

Go look it up :P

[bulldogger]

conservative vs liberal, your answer, the same.

Could you provide a good link ?

[govspysonallchats]

"Neo-liberalism" is a set of economic policies that have become widespread during the last 25 years or so. Although the word is rarely heard in the United States, you can clearly see the effects of neo-liberalism here as the rich grow richer and the poor grow poorer.

[govspysonallchats]

Neo-liberalism refers to free-market and free-trade ideology that the republican party in america hold so close to their hearts. However it is alos the ideology of Obama, not to leave McCain out of it... What it comes down to is that both of the United States parties are relatively the same deep down the differences shown to the public are only to keep up appearences.

[govspysonallchats]

Some other Neo-liberalism ideologies include: The Rule of the Market, Deregulation, Cutting funding for Social programs, Privatization and individualism(the idea that even the sick, dying and old should work)... If anyone thinks these are good things they have not been paying attention to the world under Bush who practices it every chance he gets...

[bonfirejovi]

@govspysonallchats No that is corporatist policies actually, although it is better than socialism where everyone becomes poorer.

[HoGraz]

@bonfirejovi Do you even know what Socialism is?

[DoctorMurky]

The free market gives us real democracy. If you want "democracy now", vote with your dollars. Regulation gives us a rigged multiple choice test. The left doesn't want democracy. They want control.

[Hockeyjason]

The 20th century has been characterized by three developments of great political importance: The growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy. -Alex Carey

[jwlvs]

Democracy is One person = one vote

Capitalism is One Dollar = one vote

Capitalism is the OPPOSITE of Democracy.

[DoctorMurky]

If capitalism is the opposite of democracy then to Hell with democracy. Your "democracy" is just the tyranny of the majority against the minority.

[jwlvs]

That's why we're a Democratic Republic -- to prevent tyranny of the majority.

And I'd rather have tyranny by the majority of the people than tyranny by the minority of the people with the majority of dollars.

[DoctorMurky]

I'd rather have no tyranny at all.

[govspysonallchats]

DoctorMurky: "I'd rather have no tyranny at all."

Then get a pitchfork and stop arguing in favor of corporate take over, also called corportism or another word for it is fascism :D

[DoctorMurky]

That's absurd. Fascism is and has always meant when when the state oppresses the individual. If the state would leave us alone, there would be no tyranny. Private company can't tyrannize people because they aren't allowed to use force. How am I in favor of "corporate takeover" because I want capitalism and freedom? Can you honestly say that you don't want the right to make your own decisions and determine your own destiny?

[govspysonallchats]

How do you propose to stop a company from using force without rules? :D

Freedom will not come from a government controlled by corporations like we have right now that is for sure lol!

[DoctorMurky]

We have rules against companies using force but if there were no rules and you wanted to stop a company from using force, the answer is simple. Make their company unprofitable. Organize a boycott or compete with them yourself. In a free society with a moral population, an immoral company would lose business to a moral company. This is why you couldn't give an example of a private company forcing people to work. There are , however, many examples of socialist governments forcing people to work.

[govspysonallchats]

What if they sell a service that everyone needs, say energy, and they decide to buy out all the energy companies and not allow any other ones to start? :D

[DoctorMurky]

In that case, they could charge whatever they wanted for it. However, monopolies like have only existed as a result of government intervention because only the government has the power to prevent any other companies from starting. If you replace "they" with "the government" and replace "buy out" with "take over" you have a perfect description of any given socialist country such as the Soviet Union under Lenin or Moa's China.

[govspysonallchats]

Thats total idiocy, look at walmart.... they are charging such low prices that they cause other people to go out of business, not much opening to compete with them and no one can. Your ideology is not sound.

[DoctorMurky]

If Wal-Mart causes everyone else to go out of business because their prices are so low that's a very good thing. Good shoppers like low prices. When a Wal-Mart Supercenter opened in a poor section of New Orleans in 2004, people were dancing in the aisles. Right after hurricane Gustav, when it had to close at 6PM, people who couldn't get in were whining up a storm. i know b/c I saw it and I was one of the people bitching.

[govspysonallchats]

Sure so importing products from china where there is child and slave labor so that we can have cheap products that are only seem cheap because all other things are inflated and the workers who produce it are underpaid is a good thing?

Your a monster sir. Child and slave labor is not a good thing and allowing it and praising it is total idiocy. I dont see how you look in a mirror and call yourself human then sleep at night knowing the Bull-sht you spew in the name of a broken ideology...

[DoctorMurky]

To say "importing products from China where there is slave labor" is about as irrelevant as saying "importing products from America where there are prisons" or "importing from the Sudan where there is genocide". The real issue is are Wal-Mart's products MADE with slave labor? You've contradicted yourself by implying that the workers are slaves and then saying that they are just underpaid. Which is it? P.S. I'm OK with child labor under certain conditions.

[EasyEs]

So am I. It isn't like they are going into the streets to play jump rope. They walk into the streets and beg or act as prostitutes to get food to eat. I guess liberals are fine with that.

[motina10]

Unfortunatley, they are to fucking stupid to realize that their products are killing them, and that those price are not cheap when you need a car to go to the stored than walking to the corner. If you need a car, then it is not really cheaper. The money you save, goes toward gas. Good shoppers alright, sheep to the slaughter.

[DoctorMurky]

Where have you been? Gas is cheap right now, $1.75 and if you drive a Honda Fit like I do, that $1.75 will take you 30 miles or more. The price of gas is really negligible. Most people need a car to get to work anyway. Getting to go to a discount store is just icing on the cake. Could you give an example of some "sheep" who died from eating cheap food?

[motina10]

Choice is not about prices. You are a fucking idiot if you buy things cheap, filled with toxin and other bad acts, mainly found in C]\hina.

[jwlvs]

"If capitalism is the opposite of democracy then to Hell with democracy."

Congratulations, you've just described the Republican platform.

[govspysonallchats]

Bad regulation and degregulation caused this problem. The housing problem is only a part of the cause. Glass-Steagall's repeal allowed the intergration of investment and deposite and savings banks, bad investments caused this problem. Technically we are witnessing alot of crime on wallstreet due to the fact that they do not have to follow any rules, look at AIG they just spent 500k of tax payers money due to no regulation. Ect Ect Ect It goes back to the 70s with Nixon...

[DoctorMurky]

Deregulation solves a serious problem and that problem is called regulation.

[govspysonallchats]

Oh sure lets give CEOs the ability to take billions of dollars and run away with it all... then when they do it we can stop buying their products, that'll show them? lol

[DoctorMurky]

It would show them that you are a horrible consumer. A good consumer would buy a product because its price is lower than other products of the same quality or because the product is of higher quality. If you were to ignore these rational reasons to buy a product and instead decide not to buy the product because a CEO makes billions of dollars then you would either have to buy a product of the same quality for a higher price or go without the product.

[govspysonallchats]

The CEO has his money and he is gone, how is not buying stuff gona change that, your logic is absurd.

[DoctorMurky]

I didn't say it would change the fact that he had the money. Where are you seeing this? You were the one that suggested we stop "buying stuff" from a CEO because he made a lot of money. You said that would "show him" or something like that. I said that it would only "show him" that you aren't a smart shopper.

[govspysonallchats]

So your suggestion is to punish a person who has already stolen money by not giving him more money? Why wouldnt someone just rob a bank if they were allowed to do it only once. Your logic is moronic, sorry to say.

[DoctorMurky]

That's not what I suggested. You didn't say "steal". You said "take". I'm not a mind reader. If you had meant "steal" you ought to have used the word "steal" so that people would know what you mean. If by "take" you meant just "accept" then my logic is good. The fault lies with you not saying what you mean.

[govspysonallchats]

The difference between a CEO taking money and stealing money is the law. Law is a form of rules and rules are a type of REGULATION. Your just a fool is the problem, the idea of a pure freemarket is only for people who think the earth is flat :D

[DoctorMurky]

My definition of stealing is broader than that. To me, stealing is taking money or property without someone's consent whether it's legal or not. Taxation is legal but it is theft in my book ("legal thievery"). The word "regulation" and the word "law" have different connotations. I think you have it backwards. Rather than law being a form of regulation, regulation is a form of law and universally agreed to be a type of law that interferes with the free market. P.S. Free market = Freedom.

[govspysonallchats]

If the market is so great then why when you turn on any TV in america you get 1 of 5 conglomerates shoving the same BS down your throat, there is no choice. Fox is the same as MSNBC and CNN is crap too. Your ideology is failed because it has been practiced to death under bush using privatization and deregulation. The democrats have also done this and both have caused a major economic problem. The two wars wasted trillions of dollars producing absolutely nothing, infact less security...

[govspysonallchats]

The deregulation of Glass-Steagall is agreed by many to be the root cause of the problem we are currently facing. When you allow deposite banks and investment banks to merge of course you are going to have a huge problem when those investments tank. That problem is that you MUST protect the deposites but in order to do that you must back the investments. Which is why the bailout is estimated in the trillions and not billions, in the end. The idea that free-market solves these problems is stupid.

[DoctorMurky]

I'll reserve comment about your TV problem but I have to to contradict you on what you said about Bush. Bush has not practiced deregulation and privatization to my satisfaction. He failed to privatize Social Security. He expanded Medicare. He raised the minimum wage. He failed to repeal the Community Reinvestment Act which forced banks to make bad loans causing the economic crisis we see today. I could go on. As to what you said about "the democrats have..." How many Democrats? Two or three?

[LaRoucheisright]

The reason Doctormurky is for it, is that they pay him to be for it. He is a cynic. He believes that evil will always trump good. What is the popular addage? "good guys finish last" "It's a dog eat dog world", Doctor murky is a sick puppy. Have mercy on him life will be very confusing in this period, when everything he thinks is true, will be swhown to be false.

[motina10]

Deregulation IS regulation. Just bad regulation. Deregulation is essentially making fraud, and other illegal (well if you were the one doing it, but not central-bank supported banks) activities that are coersive.

[DoctorMurky]

I supposed A is non-A, too.

[Mon4ch0]

The audio is distorted

[Marvin27]

Please, re-upload with better sound. I have my speakers at full volume and still can barely hear this.

[1BuckeyeNation]

Sarbanes Oxley was supposed to stop this stuff from happening but Fannie and Freddie were exempt because of the Democrats refusal to put them under that system of regulation so Senator McCain sponsored the Federal Housing Regulatory Reform act of 05 but Chris Dodd kept it in his banking committee and didn't allow it out for a vote because he had to continue to get those campaign donations from Fannie and Freddie followed by Senator Obama. The alarm bells were raised by Miltonites.