@RevolutionaryJam yeah, and that should be used instead of gdp. exporting more than we import is the only way to grow the economy and get rid of this debt, which is why we need more investment in engineering and technology and less in media studies and art which seem to dominate universities these days. we also need to get rid of corporation tax and drop income tax for everyone to a level that people want to work here instead of places like dubai.
@RevolutionaryJam Good post, keep on it. The problems we face are mainly to do with the mind control abilities of the mass media. You can talk facts and sense for hours and yet the media just has to roll out a failed Car journalist in the form of a top gear presenter to table some facist platitude like 'shoot them all', dressed up as a populist mantra and intelligent argument is over. What he said about striking public sector should be prosecuted under insighting to riot, misconduct.
@arthur1411 hey infact I didn't say cuts are necessarily bad, I just said that if the government wants to cut they should start with things like the war and corporate welfare before going on to cut services which people depend on.
If the government is to cut it should have a contingency plan for phasing out care etc. which people depend on that will not leave folks in the shit.
also some of the cuts will lead to greater expenses in the future (where prevention is better than cure.
If these topics still interest you, I highly recommend, in fact as highly as I can recommend anything: Profit over People Neoliberalism and Global Order by Noam Chomsky (1999). As for a transcript of the Chomsky you requested I will look for one, and if I don't find one, possibly do it myself, just right now I'm very ill.
12 years ago I proposed a different measure. Free healthy man years. Measure the total amount of time all people are healthy and have available to do as they choose, instead of on jobs they must do. This more accurately measures standard of living. People may choose to work for things that increase enjoyment but that is not a job, it's a hobby. And if a person is unhealthy or dies early its a negative to overall standard of living.
hey redword thanks for the the recommendation but with so many books in my pile I doubt I would get round to it as economics is no longer a major area of study for me
would care to summarise some of the main points or post a video response?
Hi, i have a question which i hope you would be kindly to answer:
You say in 2:18 something about "would it be better to consume less to a greater benefit by integrating more goods as standard for society, that way we'd all see if money in banks on products again and again (...)" I don't quite understand what you mean there.
what I mean is, it's better to design a good which is made specifically to be easily repaired when it breaks, this is better for the environment and creates more jobs, but is not necessarily better for the company that sells the product,
sorry that it wasn't of interest to you maybe some of my other videos will be less on the factual side and more entertaining, if not I'm sure there are some other channels you'll find more interesting. collegehumour is quite funny sometimes.
And all that was just in the US, and it's not even a US based group, though some are here and they have bought mush influence
Rothchild, and other European wealthy that we will never hear the names of. Soros, the criminal billionaire who attempted to crash the pound, who pushed for the EU, is one who's stepped out supporting candidates and pushing propaganda in the US
It's the people you yell about, Imperialists
But you don't see you are being used, by the same bunch of scum we both hate
rap, being "real" was the measure of being "black" those who acted different? Uncle Toms, they said. The power of propaganda, social pressure to belong to the group, to be accepted is about the strongest feeling people have. Used it as a weapon
Did this help black people in general on average? All this "help"? When you look at the empirical evidence, no, it didn't, it was devastating!
The bunch who pushed that crap, killed MLK, killed JFK for threatening to expose them, still propagandizing.
Jessie Jackson, working with other leaders, and the democrats bought off the black population with free stuff, seemingly compassionate, but in reality that which steals your struggle steals your soul.
They used propaganda to suggest that those against free stuff and for MLKs dream, color not be a factor, were racist. That all white people wanted to keep them down, and not to "play their game' aka do business with them. The left controlled media made being a thug/gangster cool. Hip hop culture
Example, in the US, Martin Luther King and the like were the main leaders in the Black Community. MLK was a republican, democrats wanted the voting block if they couldn't keep them from voting
MLK was murdered. Jessie Jackson stepped up, wiped MLK's blood on himself as if he's been there, and basically helped democrats take over the voting block, and made millions mob style doing it
The black community had crime rates on par with the nation, after murder rates and single motherhood 7 x average
It's that I've seen these exact arguments before. It's propagandist anti free market economy driven, and I know the forces behind pushing this in colleges, media, and pop culture are not what they seem, nor do they care about the arguments they use to pull at the heart strings of the vulnerable. The group lately in Copenhagen? They are snakes, a manner of speaking
You want what I do, but the most powerful would rape all the people of the world for power
You want to do a realistic assessment? Full of real compassion? How about an assessment of how much government "assistance" actually helps the quality of life in a country?
What appears kindness, is actually poisonous.
What appears to be partnering with those in power to help the less fortunate, actually means giving those most likely to screw you and anyone (including killing the capacity of a country to build quality of life) The power to rape the tax payer and run away with power/influence
GDP is not the end all measure, but it is the best one
What do you propose Anthony? Tossing out GDP and going with Anthony's "I pulled this fresh pile out of my nether regions" ass'essment of what is good vs what isn't?
You have no numbers to back what you claim the GDP make up actually is
While I tend to agree that GDP doesn't directly represent quality of life, neither does pure conjecture show any reality
Loose factless emotional assessments tend to back propagandists aka enemies of truth
RevolutionaryJam; unfortunately most people cannot comprehend what you are talking about because they have been brainwashed all their lives that such things as consumerism, competition, and agression toward their fellow man is the only acceptable way. I believe this global society has gone so far that there is no way to return, short of an intervention from mother nature!!
This guy is an economic moron.....he asks how do we know that the goods and services we produce are worth anything? Answer....Profit and Loss. THATS how we know what we produce is satisfing our needs to the T. His logic is correct....for socialist countries without a profit motive...then there is no way to determine what to produce, when, how, where, and how much to produce. He is clearly a socialist, but his line of questioning is exactly what debunks socialism.
also worth anything to whom? just because there is no money available to pay for service x does not mean that service x is not valued
I'm sure to a starving African child food is something worth a lot but they don't have the means to create a PROFIT for anyone to provide them with food so I guess they will have to rely on the charity of others to create a DEMAND
I'm not arguing for a socialist solution in this comment, I'm just saying what you read above are economic facts.
still if you're anything like most of the people who leave comments like yours on my channel anything I say to you will go in one ear, through your belief system which won't like it because you like to think that anyone who has a criticism of the market must be a filthy red communist. and by the time it gets to your consciousness all you will here is "Socialism" so you'll probably only leave me a serries of unpleasant replies without properly taking in what it is I'm saying.
thank you for this. i have wondered about this but my lack of knowledge on economics has stopped me making judgements. economic growth is killing people, but i wondered if our society would collapse without economic growth. can we not just stop producing all the crap we dont need and therefore use less oil and have no needs to invade other countries to steal their oil? not that i am condoning this, but i think this might be what is happening
excellent video i do economics at college and have definitely never thought about economic growth like that, but after watching i completely agree with what you are saying
thanks I wish I'd cottoned onto this when I was doing economics
they also didn't tell us about the fractional reserve system, we were told that when you deposit money in the bank they are allowed to lend out less than you invested, not more
im really surprised they told you they couldn't lend out more than they had, i had been taught that they could lend out far more just not the real negatives of this
the welfare sistem is good for economic grow and stability. countries with no wefare sistem are sinking, and those adapting it are expanding and getting better
There is too much emphasis on GDP. An economy can only grow to a point. But a cost/benefit analysis requires someone to put a definite cost on a product. The market allows people to pursue that which has the best cost/benefit based on their person and does not require an institution to set the priority on, not only economic but, social endeavors. If you value recycling you are free to recycle but others should not be forced, through taxes/programs or law, to do it or to value it the same.
i fundamentally disagree, when you use something up you are stealing from everyone and damaging the planet, you have a RESPONSIBILITY not a choice to repair the damage you've done.
If you are damaging someone else's property you are expected to repay them. If you are implying by turning a useless mass of carbon into fuel for consumption is "stealing from everyone" and people buying that fuel to power their cars and homes is "using it up" and as a result some they is responsible for paying back those who did not want to use oil I would ask you what role choice has in this situation or if you even believe it should exist in such a circumstance?
well as far as I know carbon dioxide isn't a pollutant, but if it was then you'd be expected to pay towards repairing the quality of the air
In My Opinion:
when the carbon is taken out of the ground it belongs to EVERYONE not the oil company who took it out of there so technically they should be paid well for the service they have rendered by making it available put the product itself fundamentally belongs to society and should be extracted responsibly with care for the environment
How can the carbon, that was buried until someone came around and mixed his labor with the Earth to extracte it, be everyone's? If I were to pick an apple from a tree is it still everyone's despite the labor I exerted to pick it? If so how can I eat the apple without first consulting with every human on the planet? If such a thing were true I would perish. If I can take that apple into possesion by exerting my will upon it, by picking it, why cannot I not do the same for any good including oil?
Bad example...Apple is food. Food is a neccesity to survive, oil is not (think beyond cars). I can grow my own apple tree but cannot create my own oil field. If it was not physically possible to grow my own apple tree, what would stop you picking all of the worlds apples and having the monopoly on them. How much are my apples?...How hungry are you?
I can create an oil field. I may not be around when the carbon finally becomes oil but I could die before the apple tree blossoms also. What wpouold,stop me from picking all the apples is, one, that is would be impossible and, two, other people's property will stop me. So what if an apple is food? If I can make oil my property then why is that right of ownership not universal to all goods, why is it not absolute?
There's so much wrong with your post i'd need 10 of these boxes to deconstruct it.
What is it that stops me going in to someone elses house and taking all of their possesions. You'd probably say "the police", i'd say "common decency & morals". The people who have control of oil also have an indirect influence on how much tax you 'HAVE TO' pay on your wages.
And no YOU can't create an oil field...that's just being ridiculous!
I do not need the police to instill in me a respect for someone's property. I would say morals but not just morals but morals based on natural rights theory that include as absolute rights self-ownership and property ownership. And yes I can pressurize carbon and in x amount of years have oil. Oil is not magically created.
If you grew it and better still it was on your own land then rightfully it would be yours, although i'm sure no one would mind you having an apple from their tree as long as you didn't take them all and try to sell them back to them at an extortionate rate!
You could say then that the oil is on their land but is it really? It's being pumped from beneath the ground. Who knows how much land that covers.
Now you are hitting on a very interesting concept. Do the oil companies need to own the land? An argument could be made that all they need to own is the oil reserve itself to then drill under land they have acquired separately to that oil. The oil reserve would then be anybody's property until it is dug up by someone. This does not make the oil companies claim to the oil any less legitimate.
the oil is a naturally occurring resource that is produced by the earth, it is not produced by human labour therefore it does not belong to any human
a human may be paid a fee for the service of extracting it for everyone else, but the oil remains the property of the planet and humans have a duty to clean up their own mess, they've just forgotten about it
And so are apples. They are naturally occurring. It takes human effort to extract it. I must use my labor to transform they oil into the usable commodity my will wants it to be. This is no different than homesteading. Your will is extended into that property and as your will is yours so is that property. It is a matter of who produced it. We may have duty to clean up but does that make it okay to enforce that with violence? I have a duty to go to work but I do not go to jail if I do not.
you can have your apple, there are plenty apple trees to go around, but what if you cordon off all the apples and insist that I have to buy them from you because you supposedly "own" the land
where's my land? what choice do I have but to buy the apple from you? who said it was your land anyway?
So why does this ethic vary from circumstance to circumstance? Last I checked legal ethics were supposed to be constant and universal. Why is their a difference between apples and oil. Is it because one is finite. In reality they could be finite or infinite depending on the rate of consumption. Is it because on is a liquid? Why is their this loophole for oil.
Hey man, I know you have a perfect belief system regarding how the world should run and you're very keen to continue to argue with me in order to convince me that it is impecable, but the points you are making are so transparent, and the answers are so straight forward it's actually becoming draining to me
1) you picked the apple for your own consumption, not to sell it
2) of course ethics aren't constant and universal that is ridiculous, each situation has it's own merrits
1. Why is what I do with it matter? Should I not be free to dispose of my means to the ends I see fit? If one can employ means to own the apple to then eat it then one can use the means to own it and then sell. Or is freedom ensured means and limited ends?
2. So their should be no constant laws. No laws any one person is held to but instead those in a particular circumstance are held to and discriminate against others not in that position? Is theft then a crime or is it okay to steal sometimes?
your original example said if i go past an apple tree and I pick up that apple does it belong to everyone... answer: no, because you picked the apple, I can go pick an apple myself, if you took ALL the apples off the trees so I couldn't then yes, the apples wouldn't belong to you, just the same as the oil doesn't
2) what the hell do ethics have to do with laws? not everthing that is illegal is unethical and not everthing thats ethical is illegal. And yes, it is ok to steal sometimes.
If they exercise the same means why is the outcome different? Where to these loopholes come from and why are they not simply arbitrary?
2. Ethics = a collection of rules. Legal ethics are what laws are based on. Natural Rights ethics are what the American Constitution is based on. Laws have an ethic behind them. Ethical or not compares your personal ethics to an act not the societies legal ethic which is supposed to apply equally to all, hence the "rule of law".
If I mixed my will with the land through labor it is my resource. You land is that which you homestead. You have the choice to go to someone else or grow your own. And it is a simple fact of nature. If came across unclaimed land any person would naturally settle and work that land for subsistence. It is that natural fact that makes it my land.
well i don't have any land and neither do most people, at least in the UK about 60% of the land is owned by about 1000 families
land is the only real kind of wealth and it is exploiting someone to charge them for the privelage of living somewhere, it's only because it's so ingrained into this society that most people don't see this
Imagine a bird charging another bird rent in worms for the privelage of making a nest in "his" tree
That is a pointless comparison. Natural Rights theory contends that every species has natural rights; rights derived from its nature. Birds have a different nature than man. Besides a better comparison would be charging another bird to occupy its nest as the bird does not homestead the tree but only what the nest is on just as I do not own the world for building on it. Why is land the only real kind of wealth? You can have land w/o farming exp and starve. Wealth comes from skill and intellect.
It took skill to amass that wealth in the first place. At least it takes skill to amass wealth in a free market not the British mercantilism that has plagued your, and now my, country.
I agree. GDP like inflation and employment is another meaningless and watered down government figure which hides the truth in an economy based on nothing but creative accounting. We should question these figures because they have never related to what I see around me!!
Yes and when you skip past all the banal rubbish that Bloomberg etc post(That you can't comment on so we should not watch them) Your video is real and more topical today than when you posted it.Thanks
i'm not really blaming capitalism here but the system of measurement
although it's true capitalism is a system based on consumerism,
i consume therefore i am
imagine it, we acually live in a world where if everyone suddenly stopped buying useless crap they didn't need, they'd all be out of a job as well! It's not quite a a spiritually healthy foundation for a society, buying useless shit you don't need, what do you think?
I don't see why spirituality and economics have to have anything to do with each other? When you go on a Buddhist retreat, when you buy hiking shoes to hike and to be closer to nature, to be more spiritual, you're operating under capitalism. What I think is really unhealthy is when the government tells people how to live their life through the barrel of a gun. Change happens from the bottom up, not the top down.
Sure I agree with you big government is the enemy of change from the bottom up,
The right wing rightly observe that if you incentivise something you get more of it. Citing examples such as if you incentivise not working (unemployment benefit) you get more, same goes for illegal immigration,
The main problem I see with capitalism as a system is that while you can trust individuals to act ethically you can't trust a large business to do that, because they are INCENTIVISED to put profit first
Businesses help people so much that they actually make profits! You seem to put intentions before results. And as seen in the market, selfish intentions bring about positive results from society, while good altruistic intentions produce the exact opposite.
I agree third parties have to be protected. And that is a desirable role for government. But not limitation and redistribution. I see where you're coming from. I just couldn't disagree more. And most of your videos seem to diss capitalism more the socialism. But never the less are very intelligent and well produced and thought out. More power to yuh.
I'd say they are fairly centrist videos, trying to offer out-the-box solutions that are fairly bipartisan, i have had libertarians, far right conservatives & anarchists agree with this video in particular
the ones we've been discussing were also scripted when I was further left than I am now, I still see their merrit
I find much to "diss" about capitalism as an ideology (I stress not necessarily as a means of production but as ideology) as it reduces the role of a human to a cog in a wheel
Capitalism isn't a system designed by individuals. Exchanges between consenting adults are the natural order of things. The best systems are one's where no one needs to be pulling the strings for it to work. And I still don't see why self worth and "the role of a human" has anything to do with how he/she makes money!?!? That's more of a social issue then an economic one.
People making exchanges is not the same as Capitalism, rightly or wrongly capitalism is the ideology that a person can own a "business" (which IS designed by individuals) and that BUSINESS then becomes accountable for the services that individual renders rather than the individual himself
if you got a wrong product & the owners of the business that made it were accountable for reimbursement rather than the business itself, that would be a freer market than a capitalist one, but would it work?
there isn't personal responsibility for failure in capitalism, the company is sued not the individuals who created the failure, if the company does not have enough money to pay it goes insolvent and the idividuals who made it fail have limited liability,
also if they commit crimes using the corporation they are ususally not persoanlyl accountable, the corporation is, same scenario!
"the company is sued not the individuals who created the failure"
And the company will fire the individuals who created the failure. Revamp their system as to prevent further negligence from happening in the future. And the employees who caused the disaster will never be hired again. Free markets are self correcting.
But TimeWarp... limited liability is granted BY THE GOVERNMENT
also Corporations get away with crimes that private individuals would never get away with, and corporations are nothing but a group of individuals granted special privelages and status by the government
"corporations are nothing but a group of individuals granted special privelages and status by the government"
What status and privelages do they get exactly? And multinational corporations are comprised of a hell of a lot more people then just an elite "group of individuals" sitting around a table plotting conspiracy theories to keep down the proletariate lol.
you have got to be kidding me right? timewarp you dont seriously believe what you are saying do you? I dont think you even truly understand what a corporation is, the whole point of a corporation is to protect the people inside it from being held accountable or paying high tax
1) No one should have to pay taxes. Why should they not do everything they can not to pay taxes? It's a logical thing to do.
2) It's not "the whole point of a corporation." Corporations spring up because their is a demand for products, and they are the supplier. It's that simple. No intricate conspiracy needed.
how old are you 6 you dont think anyone should pay taxes, wow this is my last comment because im not going to argue with something as ridiculous as that?
by the way you just described a business not a corporation
You believe the government has the right to steal from you? You believe the government can spend your money better than you can? You believe the government knows what's best for you?
Which one of us TRULY has the mindset of a 6 year old?
TimeWarp watch the movie The Corporation. I find you too single minded and opinionated to debate with at the moment, I feel you adapt the world to your beliefs and interpret it in a way that supports them
you should also check out the difference between a business and a corporation,
a corporation BY DEFINITION (not by my opinion) is an entity which is granted special protections and privelages by the state
PS. property rights are arbitrary, without a state there is no objective property
1) I saw the corporation. It was a sorry pile of economic illiteracy.
2) " property rights are arbitrary, without a state there is no objective property" That's true. I'm no anarchist. Their is a desirable roll for government in society.
Oh by the way this is mystro2008 i made new account because I wanted to change some things on my account (dont ask me why i just thought it was easier to start a new account)
Economic growth is a bit like that inflation figure, mythical. A system of dependance has been created, I won't bang on about the highland and lowland clearances. Or the Enclosures Acts which lead to more injustice of the Vagrancy Act. We are all driven into situations of dependance so that we continually need money, so we have to work, and produce stuff, or sell stuff, so that the fruits of our labour can be harvested. Maybe it's why in the US do people work lots of jobs but still be poor..
mmmm economic advice from a middle class bloke living in his mums house, nice.
Do you find that having shit hair and a crap beard helps to convince anyone about your understanding of economics or are you another stoner who thinks they understand everything and like nothing more than living a middle class life while berating others for doing the same?
Sorry about the length of that last question but with 3% growth it just got longer and longer
thanks, I admit i posted it as a response for the moment because i thot your audience might find it interesting (and vice versa) rather than because it was a direct response, I hope thats alright by you, if not I won't be offended if you remove it :-)
not to mention printing of money with no backing which inflates the currency and lowers the value of everyone elses money, robbing them of what they have earned.
Not to mention the actual property (in the form of labor) which is mysteriously funneled into the coffers of the banking cartel shareholders. In the US, we are obliged to hand over 4 months wages each year in income tax to a private bank, and for which we receive nothing in return. Fake money.
Thanks for the vid - it seems to me that the truth is always simple to understand, whereas the convoluted theories of economics, business, sociology, politics etc are anything but the truth and are merely underhand ways of enslaving and degrading the majority of the population. People are making big bucks selling these lies in universities, so-called think-tanks (doubt there's much actual thinking goes on there ;)) and in the 'independent' media.
I was never a big fan of Keynesian economics. Too many flaws and opinions. As we can see with the current crop of brainwashed humans running the planet all of our systems have flaws. Man made flaws that benefit man made interests.
The illusion that our world works well and our economic systems flourish is a lie. Our economies are supported by exploiting third world resources.
The tools of greed, fear and exploitation have allowed the fascists to co opt nearly every democracy of we the people.
Keynes was a mathematician and not an economists, but he invented a system to favor the elitists and screw over the majority figuring they would never figure it out. He was right.
The curious thing is how DEPRECIATION of consumer goods getS ignored by economists all over the world. How do all of our colleges and universities think and teach the same BAD ALGEBRA? How is intellectual conformity maintained?
Countries that import junk designed to become obsolete are sabotaging themselves. Economists don't believe in patriotism?
39 years after the moon landing and 100 years after the Model T they can't figure out planned obsolescence is happening in cars.
I'm afraid you are missing the point. Stupid is not what this system is, it is more like devious you see. The program currently running is designed to intentionally "dumb down" our youth, thus making it harder for them to rise to the top, as it were. Perhaps you've noticed that a great deal of modern scientists and brilliant researchers are self-educated? Seems that when one is able to break out of the box and throw off the shackles of accepted conceptuality... one can think more clearly.
i understand what you are saying, this video was just serving up info, people are entitled to draw their own conclusion on whether it's stupid or malicious
Alright, Sam from Rev last night here. Completely in agreement that there is no correlation between economic growth and living standards, and by its very definition seems to ignore where exactly a society's wealth is distributed. So keep up the good work :)
pt 4 of quote: "It measures neither our wit nor our courage neither our wisdom nor our learning, neither our compassion nor our devotion to our country it measures everything in short except that which makes life worth while. And it can tell us everything about America except why we are proud that we are Americans." Really like you vids RevoJam! Keep up the great work!
Hey RevJam, this is like Bobby Kennedy in a speech in made in 1968 so I will post it here: "For too long we seem to have surrendered personal excellence and community value in the mere accumulation of material things. Our gross national product now is over 800 billion dollars a year, but that gross national product, if we judge the United States of America by that, that gross national product counts air pollution, and cigarette advertising, and ambulances to clear our highways of carnage. -
pt 2 of quote: "It counts special locks for our doors and the jails for people who break them. It counts the destruction of the redwoods and the loss of our natural wonder in chaotic squall. It counts Napalm, and it counts nuclear warheads, and armored cars for the police to fight the riots in our city. It counts Whitman's rifles and Speck's Knifes and the television programs which glorify violence in order to sell toys to our children. -
pt 3 of quote: "Yet, the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play; it does not include the beauty of our poetry of the strength of our marriages, the intelligence of our public debate for the integrity of our public officials. -
Really, people actually believe that the GDP has 2 do with there countrys well-being, meaning - Bill Gates moves 2 a small and extremly poor country. Even if everyone but him starves that country could in theory have a great GDP...
Measure standards of living and stop measuring the income of the top 1% and dividing it amongst the starving rest.
It's a good example. People, and especially politicians need to realise that it is QUALITY of growth, not quantity.
Also saving is very important but impossible to do when inflation is high, if we could cut military spending by 50%, use 40% of that to repair our ecosystems at home or other noble initiatives, and use the other 10% to pay off debt that 10% would not create economic growth but would improve standard of living long term.
people believe becuase this is what they are taught. i took economics in university and like you said GDP has to do with countries well-being, which clearly is not the case.. i wish i new this when i was that class aha, that would of sparked some conversation i tell ya.
I like the way that you have really thought this out and presented it in a simple way with examples etc. Keep at it. With more people such as consumers demanding for change it will happen.
It makes sense. However, it does not make any sense to the chemical manufacturers or the ones that have invested in it. Personally, I worked in this industry and in various sectors of it. I tried to make my point come across about what you are saying. Start at the beginning which is chem. manufact so that goods could be recycled etc. Nothing is changing.
it would be good if we could create a world where we put as much into the earth as we take out of it, I'm sure we will get there one day, it seems the human consciouness is evolving faster now.
Yes, I do believe that people are becoming more spiritual. However, there are many that still use the checkout couners as a mainstream to their life. It is their ritual.
When consumers buy cars they get added to GDP. But cars wear out and must eventually be replaced. When consumers buy replacements they get added to GDP. But the cars that wore out never got subtracted from anywhere.
Economists don't mention NDP much but only CAPITAL goods get depreciated.
Economists can't do algebra.
They don't mention the planned obsolescence of automobiles either. Planned obsolescence is good for the stock holders of the corps that make the junk. If consumers are DUMB!
Great video. I minored in economics in college. :) I wish everyone else in the world was as informed as you.
105Mittens 8 months ago
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baniura 9 months ago
Check out Larouchepac
528hertz 11 months ago
hi Jesus =D
RecordableID 1 year ago
i give UK permission to invade alaska
Xssam11 1 year ago
economic growth should be measured by the amount of exports minus the amount of imports.
scottishlad1987 1 year ago
@scottishlad1987 hi there is already a seperate figure for that, it is called the balance of payments.
RevolutionaryJam 1 year ago
@RevolutionaryJam yeah, and that should be used instead of gdp. exporting more than we import is the only way to grow the economy and get rid of this debt, which is why we need more investment in engineering and technology and less in media studies and art which seem to dominate universities these days. we also need to get rid of corporation tax and drop income tax for everyone to a level that people want to work here instead of places like dubai.
scottishlad1987 1 year ago
@RevolutionaryJam Good post, keep on it. The problems we face are mainly to do with the mind control abilities of the mass media. You can talk facts and sense for hours and yet the media just has to roll out a failed Car journalist in the form of a top gear presenter to table some facist platitude like 'shoot them all', dressed up as a populist mantra and intelligent argument is over. What he said about striking public sector should be prosecuted under insighting to riot, misconduct.
sugarraygras 1 month ago
@scottishlad1987 I have a video on Corporation Tax if you want to check it out.
RevolutionaryJam 1 year ago
Thank you for your referral, however you haven't said anything new.
I asked you for an alternative to capitalism and all you have said is that it's bad to make cuts (sounds like Labour i.e. nay saying without plan).
If you are professing a Keynesian solution then we can have a debate about its merits or otherwise.
arthur1411 1 year ago
@arthur1411 hey infact I didn't say cuts are necessarily bad, I just said that if the government wants to cut they should start with things like the war and corporate welfare before going on to cut services which people depend on.
If the government is to cut it should have a contingency plan for phasing out care etc. which people depend on that will not leave folks in the shit.
also some of the cuts will lead to greater expenses in the future (where prevention is better than cure.
RevolutionaryJam 1 year ago
@RevolutionaryJam On many levels we agree.
We are unfortunately in Afghanistan now and we should make the best of a bad situation. We owe it to the Afghans.
The coalition have said that the most vulnerable will be protected from the cuts and for the time being I'm prepared to wait and see.
arthur1411 1 year ago
If these topics still interest you, I highly recommend, in fact as highly as I can recommend anything: Profit over People Neoliberalism and Global Order by Noam Chomsky (1999). As for a transcript of the Chomsky you requested I will look for one, and if I don't find one, possibly do it myself, just right now I'm very ill.
VaSavoir2007 1 year ago
12 years ago I proposed a different measure. Free healthy man years. Measure the total amount of time all people are healthy and have available to do as they choose, instead of on jobs they must do. This more accurately measures standard of living. People may choose to work for things that increase enjoyment but that is not a job, it's a hobby. And if a person is unhealthy or dies early its a negative to overall standard of living.
(continued-->)
MarkProffitt 1 year ago
Please read 'Ferraris For All' by Daniel Ben-Ami for an excellent defence of economic growth.
redword2007 1 year ago
hey redword thanks for the the recommendation but with so many books in my pile I doubt I would get round to it as economics is no longer a major area of study for me
would care to summarise some of the main points or post a video response?
RevolutionaryJam 1 year ago
does he masterbate
DiseasedAfrican 1 year ago
Hi again, I have a question, which i hope you could help me with. What happens if there is too much growth? Positive or a negative effect?
Thx in advance.
GannyLovesGutz 1 year ago
Hi, i have a question which i hope you would be kindly to answer:
You say in 2:18 something about "would it be better to consume less to a greater benefit by integrating more goods as standard for society, that way we'd all see if money in banks on products again and again (...)" I don't quite understand what you mean there.
Regards, Yasmin
GannyLovesGutz 1 year ago
@GannyLovesGutz sorry for the late response
what I mean is, it's better to design a good which is made specifically to be easily repaired when it breaks, this is better for the environment and creates more jobs, but is not necessarily better for the company that sells the product,
is that clear? best wishes
Antony
RevolutionaryJam 1 year ago
@GannyLovesGutz All right, i understand and thanks a lot Antony!
GannyLovesGutz 1 year ago
@donroche thanks for the insights
RevolutionaryJam 1 year ago
Very helpful vid for thjose who have not studied economics. Thanks a lot! Great idea. Smith
doNOTvoteCAMPAIGN 1 year ago
Have you edition for a Jesus movie yet?
szaki 1 year ago
I can see your mouth moving but all I'm hearing is "blah blah blah". What a bore.
ecu06102 1 year ago
sorry that it wasn't of interest to you maybe some of my other videos will be less on the factual side and more entertaining, if not I'm sure there are some other channels you'll find more interesting. collegehumour is quite funny sometimes.
RevolutionaryJam 1 year ago
your eyes are massive!
propjam2 2 years ago
Nice beard man, looks cool with the hippie hair. I bet youre knee deep in hot twat
OnThatPowder 2 years ago
@OnThatPowder
Knee deep? I've heard of fisting, but that's just disgusting.
People used to take the piss out of my long hair. Until I got the Swastika tattooed on my forehead.
CapitalistHolocaust 1 year ago
OK Man! Just remember: Powder Getchu Hyper!
OnThatPowder 1 year ago
You commie longhairs don't get it! Jesus WANTS us to grow the economy bigger and bigger until he returns and destroys it all anyway.
So what's to lose? Drill baby, drill and grow, baby grow!
HorseCents 2 years ago
And all that was just in the US, and it's not even a US based group, though some are here and they have bought mush influence
Rothchild, and other European wealthy that we will never hear the names of. Soros, the criminal billionaire who attempted to crash the pound, who pushed for the EU, is one who's stepped out supporting candidates and pushing propaganda in the US
It's the people you yell about, Imperialists
But you don't see you are being used, by the same bunch of scum we both hate
omegahpla 2 years ago
rap, being "real" was the measure of being "black" those who acted different? Uncle Toms, they said. The power of propaganda, social pressure to belong to the group, to be accepted is about the strongest feeling people have. Used it as a weapon
Did this help black people in general on average? All this "help"? When you look at the empirical evidence, no, it didn't, it was devastating!
The bunch who pushed that crap, killed MLK, killed JFK for threatening to expose them, still propagandizing.
omegahpla 2 years ago
Jessie Jackson, working with other leaders, and the democrats bought off the black population with free stuff, seemingly compassionate, but in reality that which steals your struggle steals your soul.
They used propaganda to suggest that those against free stuff and for MLKs dream, color not be a factor, were racist. That all white people wanted to keep them down, and not to "play their game' aka do business with them. The left controlled media made being a thug/gangster cool. Hip hop culture
omegahpla 2 years ago
Example, in the US, Martin Luther King and the like were the main leaders in the Black Community. MLK was a republican, democrats wanted the voting block if they couldn't keep them from voting
MLK was murdered. Jessie Jackson stepped up, wiped MLK's blood on himself as if he's been there, and basically helped democrats take over the voting block, and made millions mob style doing it
The black community had crime rates on par with the nation, after murder rates and single motherhood 7 x average
omegahpla 2 years ago
I am guilty of prejudging your push here
It's that I've seen these exact arguments before. It's propagandist anti free market economy driven, and I know the forces behind pushing this in colleges, media, and pop culture are not what they seem, nor do they care about the arguments they use to pull at the heart strings of the vulnerable. The group lately in Copenhagen? They are snakes, a manner of speaking
You want what I do, but the most powerful would rape all the people of the world for power
omegahpla 2 years ago
You want to do a realistic assessment? Full of real compassion? How about an assessment of how much government "assistance" actually helps the quality of life in a country?
What appears kindness, is actually poisonous.
What appears to be partnering with those in power to help the less fortunate, actually means giving those most likely to screw you and anyone (including killing the capacity of a country to build quality of life) The power to rape the tax payer and run away with power/influence
omegahpla 2 years ago
GDP is not the end all measure, but it is the best one
What do you propose Anthony? Tossing out GDP and going with Anthony's "I pulled this fresh pile out of my nether regions" ass'essment of what is good vs what isn't?
You have no numbers to back what you claim the GDP make up actually is
While I tend to agree that GDP doesn't directly represent quality of life, neither does pure conjecture show any reality
Loose factless emotional assessments tend to back propagandists aka enemies of truth
omegahpla 2 years ago
RevolutionaryJam; unfortunately most people cannot comprehend what you are talking about because they have been brainwashed all their lives that such things as consumerism, competition, and agression toward their fellow man is the only acceptable way. I believe this global society has gone so far that there is no way to return, short of an intervention from mother nature!!
pat52007 2 years ago
This guy is an economic moron.....he asks how do we know that the goods and services we produce are worth anything? Answer....Profit and Loss. THATS how we know what we produce is satisfing our needs to the T. His logic is correct....for socialist countries without a profit motive...then there is no way to determine what to produce, when, how, where, and how much to produce. He is clearly a socialist, but his line of questioning is exactly what debunks socialism.
Giantsg7 2 years ago
the video has nothing to do with socialism
any relevant points?
RevolutionaryJam 2 years ago
also worth anything to whom? just because there is no money available to pay for service x does not mean that service x is not valued
I'm sure to a starving African child food is something worth a lot but they don't have the means to create a PROFIT for anyone to provide them with food so I guess they will have to rely on the charity of others to create a DEMAND
I'm not arguing for a socialist solution in this comment, I'm just saying what you read above are economic facts.
RevolutionaryJam 2 years ago
still if you're anything like most of the people who leave comments like yours on my channel anything I say to you will go in one ear, through your belief system which won't like it because you like to think that anyone who has a criticism of the market must be a filthy red communist. and by the time it gets to your consciousness all you will here is "Socialism" so you'll probably only leave me a serries of unpleasant replies without properly taking in what it is I'm saying.
RevolutionaryJam 2 years ago
I find it amazing that make personal attacks first instead of discussing your differences.
I didn't know that people dying of cancer, etc were contributing to the GDP...soon, that's all that will be increasing...diseases...
So, as long as you profit from the disease and it's "treatments"...the economy is great...?
Wow...
gerrilea1 2 years ago
I missed a word...it should re:
I find it amazing that YOU make personal attacks first....
I must add, he's doing great stuff at 23...what were you doing then...puking in the dorms?
Trying to share alternatives to the worship of profit and money...sounds like a discussion I'd like to be a part of...
That's not the evil "socialism", as you imply... it's called "waking up"...
gerrilea1 2 years ago
this doesnt mean that economic growth is a deception, it just means that we should try to get economic growth from other areas.
danndan6 2 years ago
Are you Jesuschrist?
EsaEsLaChica 2 years ago
no but I'm familiar with his work.
RevolutionaryJam 2 years ago
LOL!
EsaEsLaChica 2 years ago
thank you for this. i have wondered about this but my lack of knowledge on economics has stopped me making judgements. economic growth is killing people, but i wondered if our society would collapse without economic growth. can we not just stop producing all the crap we dont need and therefore use less oil and have no needs to invade other countries to steal their oil? not that i am condoning this, but i think this might be what is happening
BooRadley007 2 years ago
theoretically society could function at 0% growth if we consumed the same amount of stuff each year as the previous year
it's not quantity of growth that is important it's quality
RevolutionaryJam 2 years ago
Consuming less, more durable, repairable goods....it is just so simple and obvious.
Planned obsolescence and consumerism is catchig up with everyone.
Dorje8l8l 2 years ago
excellent video i do economics at college and have definitely never thought about economic growth like that, but after watching i completely agree with what you are saying
Mystro2008 2 years ago
thanks I wish I'd cottoned onto this when I was doing economics
they also didn't tell us about the fractional reserve system, we were told that when you deposit money in the bank they are allowed to lend out less than you invested, not more
RevolutionaryJam 2 years ago
im really surprised they told you they couldn't lend out more than they had, i had been taught that they could lend out far more just not the real negatives of this
Mystro2008 2 years ago
i was told they are legally allowed to lend out around 90% of what you deposit, never mind 9 or more TIMES what you deposit
We were made aware that the money lent out finds it's way back in a bank and the process begins over though
RevolutionaryJam 2 years ago
wow thats beyond belief that they could practically make up what they taught, regardless of whether its even remotely true or not
MrYoshi500 2 years ago
human life is upside down thanks to all the Hitlers on the thrones all around the globe.
Now we will unite the globe to put one hitler on the throne.
gridlocksystem 2 years ago
OMG IS JESUS
r3dz0diac 2 years ago
the welfare sistem is good for economic grow and stability. countries with no wefare sistem are sinking, and those adapting it are expanding and getting better
StewartBrasil 3 years ago
I think it's important that we develop safety nets to make sure everyone can eat and sleep with a roof over their heads,
there is an argument though that taxing people for welfare is a form of robbery
I can personally see both points of view, though I want to live in a world where everyone has a reasonable standard of living
RevolutionaryJam 3 years ago
u are right.
StewartBrasil 3 years ago
you are so cute! you look like a doll baby with those huge eyes!
dianeclarke18 3 years ago
dianeclarke18 SAYS
"you are so cute! you look like a doll baby with those huge eyes!"
AH, I KNEW IT! I KNEW YOU HAD A THING FOR WHITE MEN.
rydar1978 3 years ago
He's my man lol - lest not bicker please lol - he is cute!!!!!!!!!
cosso89 3 years ago
thanks :-)
RevolutionaryJam 1 year ago
he is not cute, u are crazy, hahah. he is like jesus.
StewartBrasil 3 years ago
dude u look like Jesus
Prannay0840 3 years ago 6
He is Jesus. !!!! he came to save us. God bless him hahahahaha
StewartBrasil 3 years ago
good video mate, keep it up!
Peace, B
BernardoLang 3 years ago
thanks
RevolutionaryJam 3 years ago
There is too much emphasis on GDP. An economy can only grow to a point. But a cost/benefit analysis requires someone to put a definite cost on a product. The market allows people to pursue that which has the best cost/benefit based on their person and does not require an institution to set the priority on, not only economic but, social endeavors. If you value recycling you are free to recycle but others should not be forced, through taxes/programs or law, to do it or to value it the same.
SSSLLLAAYYEEERRRR 3 years ago
i fundamentally disagree, when you use something up you are stealing from everyone and damaging the planet, you have a RESPONSIBILITY not a choice to repair the damage you've done.
RevolutionaryJam 3 years ago
If you are damaging someone else's property you are expected to repay them. If you are implying by turning a useless mass of carbon into fuel for consumption is "stealing from everyone" and people buying that fuel to power their cars and homes is "using it up" and as a result some they is responsible for paying back those who did not want to use oil I would ask you what role choice has in this situation or if you even believe it should exist in such a circumstance?
SSSLLLAAYYEEERRRR 3 years ago
well as far as I know carbon dioxide isn't a pollutant, but if it was then you'd be expected to pay towards repairing the quality of the air
In My Opinion:
when the carbon is taken out of the ground it belongs to EVERYONE not the oil company who took it out of there so technically they should be paid well for the service they have rendered by making it available put the product itself fundamentally belongs to society and should be extracted responsibly with care for the environment
RevolutionaryJam 3 years ago
How can the carbon, that was buried until someone came around and mixed his labor with the Earth to extracte it, be everyone's? If I were to pick an apple from a tree is it still everyone's despite the labor I exerted to pick it? If so how can I eat the apple without first consulting with every human on the planet? If such a thing were true I would perish. If I can take that apple into possesion by exerting my will upon it, by picking it, why cannot I not do the same for any good including oil?
SSSLLLAAYYEEERRRR 3 years ago
Bad example...Apple is food. Food is a neccesity to survive, oil is not (think beyond cars). I can grow my own apple tree but cannot create my own oil field. If it was not physically possible to grow my own apple tree, what would stop you picking all of the worlds apples and having the monopoly on them. How much are my apples?...How hungry are you?
alyncurtis 3 years ago
I can create an oil field. I may not be around when the carbon finally becomes oil but I could die before the apple tree blossoms also. What wpouold,stop me from picking all the apples is, one, that is would be impossible and, two, other people's property will stop me. So what if an apple is food? If I can make oil my property then why is that right of ownership not universal to all goods, why is it not absolute?
SSSLLLAAYYEEERRRR 3 years ago
There's so much wrong with your post i'd need 10 of these boxes to deconstruct it.
What is it that stops me going in to someone elses house and taking all of their possesions. You'd probably say "the police", i'd say "common decency & morals". The people who have control of oil also have an indirect influence on how much tax you 'HAVE TO' pay on your wages.
And no YOU can't create an oil field...that's just being ridiculous!
alyncurtis 3 years ago
I do not need the police to instill in me a respect for someone's property. I would say morals but not just morals but morals based on natural rights theory that include as absolute rights self-ownership and property ownership. And yes I can pressurize carbon and in x amount of years have oil. Oil is not magically created.
SSSLLLAAYYEEERRRR 3 years ago
If you grew it and better still it was on your own land then rightfully it would be yours, although i'm sure no one would mind you having an apple from their tree as long as you didn't take them all and try to sell them back to them at an extortionate rate!
You could say then that the oil is on their land but is it really? It's being pumped from beneath the ground. Who knows how much land that covers.
alyncurtis 3 years ago
Now you are hitting on a very interesting concept. Do the oil companies need to own the land? An argument could be made that all they need to own is the oil reserve itself to then drill under land they have acquired separately to that oil. The oil reserve would then be anybody's property until it is dug up by someone. This does not make the oil companies claim to the oil any less legitimate.
SSSLLLAAYYEEERRRR 3 years ago
the oil is a naturally occurring resource that is produced by the earth, it is not produced by human labour therefore it does not belong to any human
a human may be paid a fee for the service of extracting it for everyone else, but the oil remains the property of the planet and humans have a duty to clean up their own mess, they've just forgotten about it
RevolutionaryJam 3 years ago
And so are apples. They are naturally occurring. It takes human effort to extract it. I must use my labor to transform they oil into the usable commodity my will wants it to be. This is no different than homesteading. Your will is extended into that property and as your will is yours so is that property. It is a matter of who produced it. We may have duty to clean up but does that make it okay to enforce that with violence? I have a duty to go to work but I do not go to jail if I do not.
SSSLLLAAYYEEERRRR 3 years ago
you can have your apple, there are plenty apple trees to go around, but what if you cordon off all the apples and insist that I have to buy them from you because you supposedly "own" the land
where's my land? what choice do I have but to buy the apple from you? who said it was your land anyway?
RevolutionaryJam 3 years ago
So why does this ethic vary from circumstance to circumstance? Last I checked legal ethics were supposed to be constant and universal. Why is their a difference between apples and oil. Is it because one is finite. In reality they could be finite or infinite depending on the rate of consumption. Is it because on is a liquid? Why is their this loophole for oil.
SSSLLLAAYYEEERRRR 3 years ago
Hey man, I know you have a perfect belief system regarding how the world should run and you're very keen to continue to argue with me in order to convince me that it is impecable, but the points you are making are so transparent, and the answers are so straight forward it's actually becoming draining to me
1) you picked the apple for your own consumption, not to sell it
2) of course ethics aren't constant and universal that is ridiculous, each situation has it's own merrits
RevolutionaryJam 3 years ago
1. Why is what I do with it matter? Should I not be free to dispose of my means to the ends I see fit? If one can employ means to own the apple to then eat it then one can use the means to own it and then sell. Or is freedom ensured means and limited ends?
2. So their should be no constant laws. No laws any one person is held to but instead those in a particular circumstance are held to and discriminate against others not in that position? Is theft then a crime or is it okay to steal sometimes?
SSSLLLAAYYEEERRRR 3 years ago
your original example said if i go past an apple tree and I pick up that apple does it belong to everyone... answer: no, because you picked the apple, I can go pick an apple myself, if you took ALL the apples off the trees so I couldn't then yes, the apples wouldn't belong to you, just the same as the oil doesn't
2) what the hell do ethics have to do with laws? not everthing that is illegal is unethical and not everthing thats ethical is illegal. And yes, it is ok to steal sometimes.
RevolutionaryJam 3 years ago
If they exercise the same means why is the outcome different? Where to these loopholes come from and why are they not simply arbitrary?
2. Ethics = a collection of rules. Legal ethics are what laws are based on. Natural Rights ethics are what the American Constitution is based on. Laws have an ethic behind them. Ethical or not compares your personal ethics to an act not the societies legal ethic which is supposed to apply equally to all, hence the "rule of law".
SSSLLLAAYYEEERRRR 3 years ago
If I mixed my will with the land through labor it is my resource. You land is that which you homestead. You have the choice to go to someone else or grow your own. And it is a simple fact of nature. If came across unclaimed land any person would naturally settle and work that land for subsistence. It is that natural fact that makes it my land.
SSSLLLAAYYEEERRRR 3 years ago
well i don't have any land and neither do most people, at least in the UK about 60% of the land is owned by about 1000 families
land is the only real kind of wealth and it is exploiting someone to charge them for the privelage of living somewhere, it's only because it's so ingrained into this society that most people don't see this
Imagine a bird charging another bird rent in worms for the privelage of making a nest in "his" tree
RevolutionaryJam 3 years ago
That is a pointless comparison. Natural Rights theory contends that every species has natural rights; rights derived from its nature. Birds have a different nature than man. Besides a better comparison would be charging another bird to occupy its nest as the bird does not homestead the tree but only what the nest is on just as I do not own the world for building on it. Why is land the only real kind of wealth? You can have land w/o farming exp and starve. Wealth comes from skill and intellect.
SSSLLLAAYYEEERRRR 3 years ago
or happening to own lots of wealthy that makes you more wealth, which doesn't take any skill or intellect.
RevolutionaryJam 3 years ago
It took skill to amass that wealth in the first place. At least it takes skill to amass wealth in a free market not the British mercantilism that has plagued your, and now my, country.
SSSLLLAAYYEEERRRR 3 years ago
I agree. GDP like inflation and employment is another meaningless and watered down government figure which hides the truth in an economy based on nothing but creative accounting. We should question these figures because they have never related to what I see around me!!
Joyriser 3 years ago
yah they create money on computers out of thin air and we have to pay for their mortgages
RevolutionaryJam 3 years ago
Yes and when you skip past all the banal rubbish that Bloomberg etc post(That you can't comment on so we should not watch them) Your video is real and more topical today than when you posted it.Thanks
Joyriser 3 years ago
The Money Masters
view_play_list?p=D54B17D16BE71 2CE
Carrol Quigley is not a "Theorist."
uploadwave(dot)com/file/3867e6 1fd/download.html
fraMichigan 3 years ago
sure lizard come out coward expose yourself words mean nothing nwo must fall your all exposed by the good god
go lay with your masonic staff and devil worshiping money
with all the evil symbols on them and die
geneuanen 3 years ago
why are you using my channel to express hatred while at the same time proclaiming to be doing the work of god?
do you not realise that god is love?
RevolutionaryJam 3 years ago
So where exactly does personal responsibility for failure come into play? Why is it when someone fails it is automatically the fault of capitalism?
TimeWarp66 3 years ago
i'm not really blaming capitalism here but the system of measurement
although it's true capitalism is a system based on consumerism,
i consume therefore i am
imagine it, we acually live in a world where if everyone suddenly stopped buying useless crap they didn't need, they'd all be out of a job as well! It's not quite a a spiritually healthy foundation for a society, buying useless shit you don't need, what do you think?
RevolutionaryJam 3 years ago
I don't see why spirituality and economics have to have anything to do with each other? When you go on a Buddhist retreat, when you buy hiking shoes to hike and to be closer to nature, to be more spiritual, you're operating under capitalism. What I think is really unhealthy is when the government tells people how to live their life through the barrel of a gun. Change happens from the bottom up, not the top down.
TimeWarp66 3 years ago
Sure I agree with you big government is the enemy of change from the bottom up,
The right wing rightly observe that if you incentivise something you get more of it. Citing examples such as if you incentivise not working (unemployment benefit) you get more, same goes for illegal immigration,
The main problem I see with capitalism as a system is that while you can trust individuals to act ethically you can't trust a large business to do that, because they are INCENTIVISED to put profit first
RevolutionaryJam 3 years ago
Businesses help people so much that they actually make profits! You seem to put intentions before results. And as seen in the market, selfish intentions bring about positive results from society, while good altruistic intentions produce the exact opposite.
TimeWarp66 3 years ago
In other words, if they don't get the man who will axe jobs out source and damage the environment, SOMEONE ELSE WILL and then undercut their price!
This is not a very good way to run things, I dont' think because it means our society degenerates and becomes run by the LEAST amongst us.
I hope you see where I'm coming from here, I have plenty of criticisms of socialism as well!! hahaha
RevolutionaryJam 3 years ago
I agree third parties have to be protected. And that is a desirable role for government. But not limitation and redistribution. I see where you're coming from. I just couldn't disagree more. And most of your videos seem to diss capitalism more the socialism. But never the less are very intelligent and well produced and thought out. More power to yuh.
TimeWarp66 3 years ago
I'd say they are fairly centrist videos, trying to offer out-the-box solutions that are fairly bipartisan, i have had libertarians, far right conservatives & anarchists agree with this video in particular
the ones we've been discussing were also scripted when I was further left than I am now, I still see their merrit
I find much to "diss" about capitalism as an ideology (I stress not necessarily as a means of production but as ideology) as it reduces the role of a human to a cog in a wheel
RevolutionaryJam 3 years ago
Capitalism isn't a system designed by individuals. Exchanges between consenting adults are the natural order of things. The best systems are one's where no one needs to be pulling the strings for it to work. And I still don't see why self worth and "the role of a human" has anything to do with how he/she makes money!?!? That's more of a social issue then an economic one.
TimeWarp66 3 years ago
People making exchanges is not the same as Capitalism, rightly or wrongly capitalism is the ideology that a person can own a "business" (which IS designed by individuals) and that BUSINESS then becomes accountable for the services that individual renders rather than the individual himself
if you got a wrong product & the owners of the business that made it were accountable for reimbursement rather than the business itself, that would be a freer market than a capitalist one, but would it work?
RevolutionaryJam 3 years ago
there isn't personal responsibility for failure in capitalism, the company is sued not the individuals who created the failure, if the company does not have enough money to pay it goes insolvent and the idividuals who made it fail have limited liability,
also if they commit crimes using the corporation they are ususally not persoanlyl accountable, the corporation is, same scenario!
RevolutionaryJam 2 years ago
"the company is sued not the individuals who created the failure"
And the company will fire the individuals who created the failure. Revamp their system as to prevent further negligence from happening in the future. And the employees who caused the disaster will never be hired again. Free markets are self correcting.
TimeWarp66 2 years ago
oh come on TimeWarp!
Will they hell get fired!
It's an I-scartch-your-arse-you-scratch-mine situation, especially when those directors are also majority share holders
What you're proposing favours government safety nets for industry but not for individuals, it's just plain unfair!
I just feel that market worshippers hold immense double standards like these
RevolutionaryJam 2 years ago
"What you're proposing favours government safety nets for industry but not for individuals, it's just plain unfair!"
When did I say anything about government intervention? This equilibrium is formed only if the iron fist of government stays out!
TimeWarp66 2 years ago
But TimeWarp... limited liability is granted BY THE GOVERNMENT
also Corporations get away with crimes that private individuals would never get away with, and corporations are nothing but a group of individuals granted special privelages and status by the government
RevolutionaryJam 2 years ago
"corporations are nothing but a group of individuals granted special privelages and status by the government"
What status and privelages do they get exactly? And multinational corporations are comprised of a hell of a lot more people then just an elite "group of individuals" sitting around a table plotting conspiracy theories to keep down the proletariate lol.
TimeWarp66 2 years ago
you have got to be kidding me right? timewarp you dont seriously believe what you are saying do you? I dont think you even truly understand what a corporation is, the whole point of a corporation is to protect the people inside it from being held accountable or paying high tax
Mystro2008 2 years ago
1) No one should have to pay taxes. Why should they not do everything they can not to pay taxes? It's a logical thing to do.
2) It's not "the whole point of a corporation." Corporations spring up because their is a demand for products, and they are the supplier. It's that simple. No intricate conspiracy needed.
TimeWarp66 2 years ago
how old are you 6 you dont think anyone should pay taxes, wow this is my last comment because im not going to argue with something as ridiculous as that?
by the way you just described a business not a corporation
Mystro2008 2 years ago
You believe the government has the right to steal from you? You believe the government can spend your money better than you can? You believe the government knows what's best for you?
Which one of us TRULY has the mindset of a 6 year old?
Ah yes,
That'd be you. Fail.
TimeWarp66 2 years ago
TimeWarp watch the movie The Corporation. I find you too single minded and opinionated to debate with at the moment, I feel you adapt the world to your beliefs and interpret it in a way that supports them
you should also check out the difference between a business and a corporation,
a corporation BY DEFINITION (not by my opinion) is an entity which is granted special protections and privelages by the state
PS. property rights are arbitrary, without a state there is no objective property
RevolutionaryJam 2 years ago
1) I saw the corporation. It was a sorry pile of economic illiteracy.
2) " property rights are arbitrary, without a state there is no objective property" That's true. I'm no anarchist. Their is a desirable roll for government in society.
TimeWarp66 2 years ago
Oh by the way this is mystro2008 i made new account because I wanted to change some things on my account (dont ask me why i just thought it was easier to start a new account)
MrYoshi500 2 years ago
Economic growth is a bit like that inflation figure, mythical. A system of dependance has been created, I won't bang on about the highland and lowland clearances. Or the Enclosures Acts which lead to more injustice of the Vagrancy Act. We are all driven into situations of dependance so that we continually need money, so we have to work, and produce stuff, or sell stuff, so that the fruits of our labour can be harvested. Maybe it's why in the US do people work lots of jobs but still be poor..
davidnightingale 3 years ago
mmmm economic advice from a middle class bloke living in his mums house, nice.
Do you find that having shit hair and a crap beard helps to convince anyone about your understanding of economics or are you another stoner who thinks they understand everything and like nothing more than living a middle class life while berating others for doing the same?
Sorry about the length of that last question but with 3% growth it just got longer and longer
BobHaulk 3 years ago
em thanks for the feedbak I guess
i'm not a stoner and i don't think my crap haircut and beard have any positive or negative effect on my ability to communicate the information
RevolutionaryJam 3 years ago
sorry, it's my bipolar disorder. I'm sure you may be right
BobHaulk 3 years ago
haha cheers no worries
RevolutionaryJam 3 years ago
Those eyes of you are not human, you are a manga comic character
panzerfausto 3 years ago 2
my greatest secret publically revealed for all to see!
RevolutionaryJam 3 years ago
Word.
immayhem 3 years ago
thanks, I admit i posted it as a response for the moment because i thot your audience might find it interesting (and vice versa) rather than because it was a direct response, I hope thats alright by you, if not I won't be offended if you remove it :-)
RevolutionaryJam 3 years ago
Very interesting, but there are perhaps more reasons why GDP is meaningless. What about the trillions that disappear into Black Budgets?
soupdragon42 3 years ago
not to mention printing of money with no backing which inflates the currency and lowers the value of everyone elses money, robbing them of what they have earned.
RevolutionaryJam 3 years ago
Not to mention the actual property (in the form of labor) which is mysteriously funneled into the coffers of the banking cartel shareholders. In the US, we are obliged to hand over 4 months wages each year in income tax to a private bank, and for which we receive nothing in return. Fake money.
immayhem 3 years ago
And, we must not forget the very lucrative sideline - drug smuggling/sales. Another way they siphon money into the black hole.
immayhem 3 years ago
Thank you Jesus..
DC180 3 years ago 2
They should read Confessions of an Economic Hitman by Perkins.
globaldominationproj 3 years ago
Thanks for the vid - it seems to me that the truth is always simple to understand, whereas the convoluted theories of economics, business, sociology, politics etc are anything but the truth and are merely underhand ways of enslaving and degrading the majority of the population. People are making big bucks selling these lies in universities, so-called think-tanks (doubt there's much actual thinking goes on there ;)) and in the 'independent' media.
globaldominationproj 3 years ago
thanks for watching :-)
RevolutionaryJam 3 years ago
Don't forget to rate ***** nice hair ;D
ZionistWorldOrder 3 years ago
thankyou!! :-)
RevolutionaryJam 3 years ago
I was never a big fan of Keynesian economics. Too many flaws and opinions. As we can see with the current crop of brainwashed humans running the planet all of our systems have flaws. Man made flaws that benefit man made interests.
The illusion that our world works well and our economic systems flourish is a lie. Our economies are supported by exploiting third world resources.
The tools of greed, fear and exploitation have allowed the fascists to co opt nearly every democracy of we the people.
SlaveStorm 3 years ago
Keynes was a mathematician and not an economists, but he invented a system to favor the elitists and screw over the majority figuring they would never figure it out. He was right.
AzraelsJudgement 3 years ago
The curious thing is how DEPRECIATION of consumer goods getS ignored by economists all over the world. How do all of our colleges and universities think and teach the same BAD ALGEBRA? How is intellectual conformity maintained?
Countries that import junk designed to become obsolete are sabotaging themselves. Economists don't believe in patriotism?
39 years after the moon landing and 100 years after the Model T they can't figure out planned obsolescence is happening in cars.
Too STUPID!
psikeyhackr 3 years ago
yes it's amazing how they can't factor in the QUALITY of good because quality is an abstract concept which fails to be quantified by mathematics
in the meantime we have to keep buying useless shit we don't need to keep the fake economy going
RevolutionaryJam 3 years ago
I'm afraid you are missing the point. Stupid is not what this system is, it is more like devious you see. The program currently running is designed to intentionally "dumb down" our youth, thus making it harder for them to rise to the top, as it were. Perhaps you've noticed that a great deal of modern scientists and brilliant researchers are self-educated? Seems that when one is able to break out of the box and throw off the shackles of accepted conceptuality... one can think more clearly.
riclos08 3 years ago
i understand what you are saying, this video was just serving up info, people are entitled to draw their own conclusion on whether it's stupid or malicious
this is the first video I made
RevolutionaryJam 3 years ago
Alright, Sam from Rev last night here. Completely in agreement that there is no correlation between economic growth and living standards, and by its very definition seems to ignore where exactly a society's wealth is distributed. So keep up the good work :)
Duffonline 3 years ago
Cheers Sam! Gr8 to hear from you :-)
RevolutionaryJam 3 years ago
pt 4 of quote: "It measures neither our wit nor our courage neither our wisdom nor our learning, neither our compassion nor our devotion to our country it measures everything in short except that which makes life worth while. And it can tell us everything about America except why we are proud that we are Americans." Really like you vids RevoJam! Keep up the great work!
erkd1 3 years ago 3
thanks for the quote erkd, it's a great speach!
And thanks so much for the kind words I'm really touched that what I'm doing here is really starting to have a positive effect on people! :-)
RevolutionaryJam 3 years ago
Hey RevJam, this is like Bobby Kennedy in a speech in made in 1968 so I will post it here: "For too long we seem to have surrendered personal excellence and community value in the mere accumulation of material things. Our gross national product now is over 800 billion dollars a year, but that gross national product, if we judge the United States of America by that, that gross national product counts air pollution, and cigarette advertising, and ambulances to clear our highways of carnage. -
erkd1 3 years ago 2
pt 2 of quote: "It counts special locks for our doors and the jails for people who break them. It counts the destruction of the redwoods and the loss of our natural wonder in chaotic squall. It counts Napalm, and it counts nuclear warheads, and armored cars for the police to fight the riots in our city. It counts Whitman's rifles and Speck's Knifes and the television programs which glorify violence in order to sell toys to our children. -
erkd1 3 years ago 2
pt 3 of quote: "Yet, the gross national product does not allow for the health of our children, the quality of their education, or the joy of their play; it does not include the beauty of our poetry of the strength of our marriages, the intelligence of our public debate for the integrity of our public officials. -
erkd1 3 years ago
Nice explanation.
Really, people actually believe that the GDP has 2 do with there countrys well-being, meaning - Bill Gates moves 2 a small and extremly poor country. Even if everyone but him starves that country could in theory have a great GDP...
Measure standards of living and stop measuring the income of the top 1% and dividing it amongst the starving rest.
That would not B 2 great 4 the U.S though...
Hjelpdeg 3 years ago 2
It's a good example. People, and especially politicians need to realise that it is QUALITY of growth, not quantity.
Also saving is very important but impossible to do when inflation is high, if we could cut military spending by 50%, use 40% of that to repair our ecosystems at home or other noble initiatives, and use the other 10% to pay off debt that 10% would not create economic growth but would improve standard of living long term.
RevolutionaryJam 3 years ago
people believe becuase this is what they are taught. i took economics in university and like you said GDP has to do with countries well-being, which clearly is not the case.. i wish i new this when i was that class aha, that would of sparked some conversation i tell ya.
great info bro, thx.
stevenosmond 1 year ago
I like the way that you have really thought this out and presented it in a simple way with examples etc. Keep at it. With more people such as consumers demanding for change it will happen.
moneymagnetelizabeth 3 years ago
It makes sense. However, it does not make any sense to the chemical manufacturers or the ones that have invested in it. Personally, I worked in this industry and in various sectors of it. I tried to make my point come across about what you are saying. Start at the beginning which is chem. manufact so that goods could be recycled etc. Nothing is changing.
moneymagnetelizabeth 3 years ago
it would be good if we could create a world where we put as much into the earth as we take out of it, I'm sure we will get there one day, it seems the human consciouness is evolving faster now.
RevolutionaryJam 3 years ago
Yes, I do believe that people are becoming more spiritual. However, there are many that still use the checkout couners as a mainstream to their life. It is their ritual.
moneymagnetelizabeth 3 years ago
Of course, but there are a lot of factors arising which will encourage moves towards self sufficiency and community production,
One is the inflation, which makes it more economical to grow own food,
Another is the constant rise in energy prices, this is going to coerce people to get solar panels and such,
The rise in the price of gas is also encouraging communities to grow hemp for fuel
There has to come a time when people stop bitching and whining & start doing something for themselves
RevolutionaryJam 3 years ago
hm good point, so you would agree that the way the wealth is spent and distributed is more important than the actual growth? quality over quantity?
Thanks for your input :) you may find my related video called "Distribution of Wealth" relevent and interesting,
Best wishes, Ant
RevolutionaryJam 3 years ago
oh my god! man, you look scary
and this english english is so indistinct
frostwow 3 years ago
it's scottish english actually :)
more importantly though, what did you think of the info?
RevolutionaryJam 3 years ago
nothing.. i got scared shitless of your silhouette :) next time, write it down and put on some tranquilizing music
frostwow 3 years ago
When consumers buy cars they get added to GDP. But cars wear out and must eventually be replaced. When consumers buy replacements they get added to GDP. But the cars that wore out never got subtracted from anywhere.
Economists don't mention NDP much but only CAPITAL goods get depreciated.
Economists can't do algebra.
They don't mention the planned obsolescence of automobiles either. Planned obsolescence is good for the stock holders of the corps that make the junk. If consumers are DUMB!
psikeyhackr 3 years ago
agreed completely! the sooner our stuff gets bust the sooner we have to buy a new one to "keep the economy going" - what a stupid system!
thanks for the input!
RevolutionaryJam 3 years ago
I thought this was a cartoon about jesus!
Iseeyoursoul 3 years ago
...but it isn't...
RevolutionaryJam 3 years ago