Capitalism = competition, in all competition there are those who succeed and those who fail. Different systems of government from one extreme to the other (socialism/social market economy and free market capitalism) exist in order to rationalize both success and failure while producing different public goods to address both. Both extreme are flawed. The system is wrong. Resource Based economy ftw. Capitalism is disgusting. Free markets are disgusting. Planned obsolescence, profit, product lines
The bigger problem is that a finite planet WILL NOT support infinite growth and we are begining to hit the limits, ie peak oil etc. We count our intellect and courage as the keystones that built our civilization but what if thats effectively a lie. Is it not equally accurate to ignore the human factor and say that our civilisation was built on the natural resources of this planet ? Will capitalism survive when the age of profit fades along with the production of these materials? I doubt it.
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It shows one problem, but capitalism in itself is a flawed system; you have to have something to start with, and that goes from taking something from someone else, like hunter and hunted. Cenk sound almost like a Economic-Anarchist, it wants to fix capitalism by removing the bad parts, but why fix it, when it's already dissolving?
Regulated captialisn is good. Unregulated captialism eats itself, just flat out ends up cannibalizes itself. If you are pissing off people at Goldman Sachs, you know you are on the right track.
We are not a capitalistic society anymore the system has been manipulated by the bankers that control the currency that is what this NWO is all about. One system of government and one form of currency. Read a good book called "how did things get so crazy in america" find it at amazon.com it put alot of prospective on the way we live.
the banking system failed because of government involvement, lack of regulation had nothing to do with the collapse if the government had never stuck their hand into the banking system, because then they would have never had incentives to loan bad loans
Cenk is the dumbest liberal on the planet.... long with everyone else who thinks capitalism is somehow impervious to greed and human nature. Love isn't perfect either, people can cheat on you - in the end it's up to the individual to choose people to trust, corporations to invest in etc. It's the individual who is responsible for the individual and if you put your money in a publicly traded entity and they lose all your money it's your own damn fault - it's call risk liberal victims.
Corporatists run this country with impunity, and the gov't (along with the Fed) goes along with it on the dole. The time for us to rebel was a long time ago, but now is as great a time as ever! Let's figure out ways to reverse the wage-rape of our fellow citizens who produce the wealth in the first place. Shouldn't the productive among us be rewarded in a fair system of meritocracy? Do corporate executives deserve incomes 100's of times more than workers? Speak up!
There is no "good" or "bad" capitalism, it is just how the system works, you can't regulate away crashes, you might be able to soften the blow, but you can't stop them. The system is made to be rigged and was always rigged. The people at the top will always cover their asses and leave the bill to the working class and the poor.
It is also a fundamentally undemocratic system, which this crash has shown. CEO's aren't removable, and even if they do get fired they get golden parachutes.
I think the problem is that Capitalism in America is NOT actually Capitalism - it has become CRONY CAPITALISM - where the federal government, big business, banks, and favored constituencies like unions are in collusion. How do you think Big Business got to be so big?? They have special treatment written into legislation and the tax code that gives them such an advantage that their smaller competitors can't compete and no new competition emerges. Regulation will NOT solve this
Make no mistake and report the truth HICs didn't pour $86M into the chamber of commerce because the health reform bill was going to make them richer. That makes no sense. Why don't you report on that Cenk?! Why don't you report on the fact that Micheal Steele is being oustered to complete the transformation of the GOP back into a White Nationalist group. Under Steele's leadership they took back the House by the most significant margin in decades and his closest allies are shiving him!?!
Cenk I want to regurgitate something you said about USA Today back when you were actually about something positive. "YOU SUCK BALLS!!!!!"
80% of the Health care reform IS NOT in effect and the parts that are in effect for the most part only recently became active. Republicans have run campaigns on the fact that they can starve the Health Care reform of cash BEFORE most of it goes into effect for the last 6 months. Of course they made money this year still being under Bush Health Care rules.
He's already had several rants about how Obama caved into pressure from across the floor. The HC reform bill will be a gutted toothless parody of it's original intentions with elements actually empowering the insurance cartel. Seems like we can't get enough of tragedy these days.
Without allowing bank failures, banks will not be as prudent as they would be because they know a bailout is on hand should they fail, so unless the reserve ratio is near 100% (which itself present problems), they will still make miscalculated investments through excessive credit created by the Fed and through the perverse incentives created by a future bailout or subsidy. It's legal tender laws that force citizens to use money that is constantly weakened that is a major problem.
@TenTonHorse you are ABSOLUTELY CORRECT - and by continuing to prop up these banks and businesses, the government is only making it worse - MORAL HAZARD!
@heathermgilbert Totally, but the genius behind the government's plans is that it can continue to redefine capitalism (i.e. the failure of a bailed-out bank is capitalism) and shift the blame away from itself, whilst simultaneously justifying more government intervention, since most people lack the necessary economic understanding. I think those in the know should just sit tight, buy precious metals and lets the future catastophe give people a jolt to their politcal system.
@bulldogger China isn't capitalistic, but it's moving in that direction. Central planning used to be done at the national level but Mao realized that it wasn't working. So now it's done regionally. There is central planning (which proves that China is not capitalistic) but there's been an ongoing precess of decentralization.
@bulldogger Yes, I am a free marketer. Hopefully China will continue its move away from Communism to Free Marketism (which is not at all the same thing as State Capitalism).
@PissedFechtmeister You can say it until your blue in the face, but China isn't Communist. Now go bother someone else with your fanatical non-reality based belief system.
@homeloansmd We actually incentivize this behavior through welfare, food stamps, public housing, medicaid, and other state programs where Americans can do nothing but smoke weed all day and live better than most people on the planet.
@PissedFechtmeister Well never get the happy medium...Too many people at the top steal there money to get rich..and too many people at the bottom LAzy there money to stay poor.
@Capng123 Cenk advocates communistic health care (the government pays for it all) and constantly complains about the income gap between the rich and the middle class and poor. He also favors communism in education. Socialism doesn't work either, as demonstrated by the inability of European nations to pay for it. Frace, England,Spain,Portugal, and Greece are all in financial trouble. Sweden became rich through capitalism, switched to socialism in th 70s and is now moving back to capitalism.
@PissedFechtmeister HaHa. I love your general view which can be surmised by "Europe is all socialist with the same policies in each country"
I hate to break it to you but the difference between Sweden and Britain is much greater than the difference between Britain and America. I suggest you go and SEE the world rather than peddle your ignorant uniquely US outlook.
Instead of slapping on the wrist byfining them just a few hundred million dollars, we need to fine them by percentage of how much their Company is worth.
Like say take 15% of their total Stock/property value if they do not follow a certain federal law/regulation.. if the punishment is that harsh, then yeah they will comply and they will behave.
But then again our government and both political parties are bought by the Monopolies of the Oil and Health Industry so.. long way off.
Then get rid of their Human rights, and we've fixed a major part of the problem..
We need some corporations, because where are you going to achieve actual wealth for your society without receeding to post industrial levels?
We need to regulate Corps. and work with them so that they treat their costumers fairly and to hold these organizations accountable when they make a major mistake and let the market do it's thing and let that organization sink for it's risk taking.
@ismeme : system to cope with competition from Germany to Japan as well as ailing domestic economy - ie, high inflation - all caused by the mistaken liberal revolution of the 60's (yep, I'm referring to the libtards' guns & butter policies).
Reagan campaigned on undoing libtards' excessess of the 60's, but obviously failed to achieve that.
@ismeme : oh sure, he also stupidly created / passed the DOEdu, DOEn, EPA, CRA, FISA, and numerous other ineffective bloated gov't bureaucracies and policies that guaranteed future economic, social, political problems.
No, Carter's move was symbolic in a way that libtards finally came to understand the devastating consequences of liberal economic policies of welfare & stimulus and gov't / military Keynesianism implemented all over the world. It was no brainer that Carter had to ditch the
I see from your comment above and the one you deleted that you're intent on avoiding my question - a question resulting from your own assertion that "Reagan carried out Carter's initiatives" re the banking industry. Reagan didn't have to do this if he thought Carter was wrong. Why did he?
@ismeme : do you think that FDR had no mind of his own or he approved of Hoover's failed ideas enough to expand on them (hey, no wonder the GD lasted that long)?
You were the one who said "Reagan carried out Carter's initiatives". Now you bring Hoover and FDR into it. Are you suggesting an analogy, that Reagan expanded upon Carter's failed ideas? Why would he do that?
@ismeme : I'm not sure what your point is. I already explained why Carter made the policy decision that he did. Reagan disagreed with Carter's education policies (DOE) and promised to abolished (but failed). But he kept Volcker and reappointed him. He wasn't blindly following Carter's policies based on his charm or wisdom, but on stark reality that the nation was having a crisis. What's your point?
@shm224 You and I weren't talking about the DOE. We were talking about the dereg of the banking industry. Carter abolished usury laws. Reagan followed up by enacting the 1982 Depository Institutions Act, which led directly to the S&L Crisis. I asked why Reagan, in your words, carried out Carter's initiative re dereg'ing the banking industry. You've hedged & now appear to be arguing it was for the nation. Do you live in a parallel universe where usury & the S&L crisis were GOOD for the economy?
@ismeme : Hm.. that's funny.. b/c I was explaining to sonofatiger when and what (telecommn, transportation and banking) industries were deregulated under Carter, not Reagan. You were the one who brought up the banking in particular. So I provided the political/econoimc backrop behind such deregulation in the70's (and the overall macroeconomic trend that necessitated it). Come to think of it, I never singled out the banking industry - you did.
@shm224 I know I singled out banking. Duh. I acknowledged what you claim liberals don't: that Carter started deregulating industries, like banking. The fact you want to ignore - or rather, bury under a mountain of bs - is how deregulation in the banking industry by both Carter and Reagan had disastrous results.
Carter was useless as a President. Reagan wasn't useless; he was quite effective at fucking up average Americans and telling us it was good for us.
@ismeme : Oh boy, here we go again. Well, I think the logical fallacy you are committing is called the fallacy of composition (maybe selective reasoning?). I much prefer to live in a parallel universe with the S&L crisis than the current one with potential sovereign default or the one we avoided in the 70's (other countries weren't so lucky and many suffered hyperinflation and political/economic upheaval for decades).
Your liberal / socialistic bias is clearly showing. Unfortunately,
@shm224 You make it sound like the 70s were a walk through the park. I lived through that inflationary period, I remember very clearly how virtually everyone struggled to get by. You aren't even old enough to remember the S&L Crisis; I worked for an S&L at the time. The acts Reagan passed that caused it had nothing to do with the economy so much as pure deregulation to allow S&Ls to profit in new areas, similar to what Repubs & Clinton did at the end of the 90s.
@ismeme : nope, I didn't. you did. I said the US economy was lucky, b/c other countries in South America or sub-Saharan Africa suffered much worse fate (eg, hyperinflation, brutal regime changes, etc).
And another no, I remember the 70's rather vividly (hint: I'm not 25). Clearly you are now running out of argument, now that you are resorting to ad homs. Seriously do you know any economics other than the S&L?
@ismeme : the S&L crisis, the Gulf War recession in early 1990's unfortunately foonote events; in fact, the economy actually enjoyed much more macroeconomic stability during this period than the preceding 25 yrs under liberal economic regime.
I've noticed that libtards love to pick on that particular event, and often blow it out of proportion, just so to bash Reagan's econ policies. (of course, the same goes for neoliberalism and neocons - both byproducts of the failed de facto liberalism in
@shm224 lol, if you're suggesting neoliberalism and neoconservatism are anything to do with true liberals then you're just another tool of the RW media, where anything left of Attila the Hun is a "liberal". And you probably believe Hitler was a socialist as well. rofl
Reagan's econ policies are eminently bashable. Trickle down is a total failure.
@ismeme: of course they have plenty.. Where do you think they come from? Neocons were JFK / LBJ liberals. Most of them were CCNY jewish liberals (in 40-50's) who played pretty influential role during both Kenney and LBJ administration (P. Moynihan, N Glazer, to name a few). Of course, modern liberals never want to admit their warmongering past (and present) and how their misguided policies of welfare and warfare led the nation (and the whole world into a worldwide economic collapse).
@ismeme : and what would you know about neoliberalism? Why don't you tell me how they got their start? Do you seriously know anything about development economics? familiar at all with W Sachs, W Easterly, HJ Chang, N Klein??
@ismeme : You obviously seem to believe that the impulse behind the banking deregulation in late 70's was created in isolation, completely unrelated to events that preceded it (eg, the deregulation of airlines earlier or libtards's economic failures).
@shm224 Not at all. I'm saying no matter why it was done, it was a huge mistake. Every time the banking industry is deregulated - or existing regulations aren't enforced - they take us all to the cleaners.
One of the problems with some of Cenk's clips is that he doesn't show pictures of the people he's talking about. Most people don't know who John is, or how he profited in the financial mess. However, if Cenk showed people John's picture then he will be able make his case more affectively.
@Philip991967 No, I didn't use it responding to that. I used it first. But it's irrelevant. How can you say CAPITALISM isn't about CAPITAL and its "guts"?
I'm not really concerned with what the "core wrong laws" are because capitalism itself is doomed to become what it is now - a plutocracy of the wealthy. The evil at the center of capitalism is wage labour. You can change any laws you want - until wage labour is abolished, the workers of the nation will be abused by whoever they depend on.
50% of the Boeing is already produced in China. Now US companies make joint ventures in China to build the Chinese C919.
I am against protectionosm. But his is madness. Americans, you destroy your economy. GE Aviation, Honeywell and Co. get taxcuts, now they invest in China. Crazy world.
CEO's need to have, AND MAINTAIN, stock in the company, and have a modest salary.
I think CEO's should have a salary just 10% above the middle managers, AND were allowed to only own a certain amount of shares, AND they could get paid their share price plus half. Maybe corruption would be less.
To be more specific, the real issue is the "Agency Problem", how much should owners (i.e the shareholders) compensate the managers (i.e CEO etc) to not only work for them but create profit for the owners.
Ideally bonuses would be based on Gross Profit (Sales - Cost of Sales) rather than Net Profit since net profit can easily be manipulated from accounting stand point.
@Philip991967 There is no such thing as the american dream, you're delusional.... There is almost no real amount of economic mobility in America, and facts support that statement. Not all economic systems are "prone to greed" as you have said, your generalization is ignorant. I'm talking about a Resourced Based Economy, which is a design for an economy that wouldn't have a monetary aspect, it would be all the earths resources for all the earths people.
@Philip991967 You should stop doing hallucinogenic drugs if you think that capitalism is the most free economic system. It's no more free than the feudal system.
@SocialistRevolution1 Don't know how you could say that. That's just absurd. We can have free entrepreneurship, they could not, we can vote our officials out or into of office, they could not, we can buy land, they had to get it given to them by a lord, we can demand laws are made to better things, or we will vote for another person, they could easily be killed demanding more food. Capitalism is the most free, accommodating to wholesome living system there is. This one is simply anemic.
@Philip991967 No, we don't have free entrepreneurship. What do you think a "monopoly" is? No, we cannot vote our officials into office. We are chosen officials by financial interests - and our officials serve those financial interests once in office. We can buy small amounts of land, but a majority of land is also owned by financial interests. We can demand laws, but none will pass without the consent of the financial interests. The bankers and the corporations run the show, not the people.
@Philip991967 All of the supposed "freedoms" we are granted by capitalism are illusions fabricated by the rich. The rich give us the illusion of control - Democrat or Republican, blue flavor or red flavor - so that we don't try to fight back. They push the wonders of capitalism on us so we will continue to be complicit in our own destruction. The rich get richer, and the middle class is eroding, plummetting into poverty. That's capitalism.
No, Cenk. That's capitalism. Capitalism was never intended as a means to be "fair" in any way, shape, or form. To say that is ridiculous.
That's not to say it doesn't work, 'cause it does work. Ask every rich asshole that keeps taking bets they cannot possibly pay up with their own dime, or the drug dealers who have gotten rich off of it, or arms smugglers, etc.
Capitalism doesn't need "saving," it needs to be phased out for something better.
not really, socialism is a govt instituted economic system like Venezuela. while communism is socialism brought through revolution like the soviet union.
Capitalism makes Corporatism (amongst many other "ISMs") possible when you decide the role of government is to close it's eyes and not regulate anything, when you let the system allow for politicians to be openly bought by the highest bidder like they are are now and when you make uninformed decisions (read: use poor media sources) and reelect the corrupted politicians.
Then you can absolutely say it's not "capitalism"... it's [HIGHEST BIDDER'S NAME]ism...
"Best fits human nature" WHAT THE FUCK? You must have a very very sick view of Human's natural behavior, if you think that the continuous exploitation of both other humans and the earth is "human nature", your a fucktard. Cenk, this is the first time i think you have been completely ignorant on the subject, because clearly you do not understand sociology. People develop their "nature" from society, not the other way around, we have a sick system, so we have sick people and sick leaders.
It's nonsense to say "I LOVE capitalism, but there's a problem with it". No, whatever problems capitalism has and creates are intrinsic to it, part and parcel of it.
@blackmichael75 Canada has the exact same capitalist system as America with only 5 exceptions, we have strict control of our banks, we have government assisted prescription drug purchasing (our government buys HUGE amounts at a discount from America and sells it cheap as dirt to drug stores), government run automobile insurance and we have single payer healthcare. To America we are Socialist. Prescriptions cost me $5, auto $50, low bank fee's and all medical is free, damn Socialism! LOL
@blackmichael75 Perfectly said. When they say "Well what we have now isn't really capitalism, it's not a true free market" I just think to myself, "well isn't it the free market that brought us here".
ROFL....All the European Socialist countries are going bankrupt right now. ROFL All the Worlds Socialist countries are rioting right now. ROFL All the Socialist countries are asking us for money....ROFL. Who wants socialism again? If you really think it's better, you either, Don't read the newspaper, don't know your own history,or you're rich and you like the Rich class poor class society. Just like all those countries, the middle class is gone. You are either Rich or Poor.
@papavalium Try looking at politifact or fact check.org and see how many things the right wing media has told u are facts that are in actuallity Complete lies
@papavalium there are so many things wrong with what you just said, I'm not even going to refute it, i'm just going to call you an ignorant fucktard.
@ApemanD so ironic that those closest to the emotional maturity of a chimpanzee fancy themselves the furthest from them ancestrally. i sure hope future robots treat us better then we've treated the lower life forms we evolved from. if the robots dream up some robot god, we're all f---ed!
Every imperialist country rotten from inside, we are not exception The privilege class composed by Goverment, Media and Congress only care about money and power and if you want to accelerated the process of decomposition vote republican in 2012. Not that Democrats are innocents. America with more than 300milion people only have two parties witch it laughable that is why a parlamentary goverment is so much better. Everybody is represented.
I'd say capitalism is fine. Bank reserves have nothing to to with capitalism. The problem is how the big investment banks managed to lend money without having the capital to back it up.
@GuhYeahRight How is that exploiting the free market? The reserve limit is to protect the banks from themselves. That has nothing to do with the free market.
If you want to relate this to the free market, you could say the banks can do whatever they want in a free market... including colluding, monopolizing and eventually crashing, taking the whole system down. THAT'S exploiting the free market. Reserve limits PROTECT the free market.
All forms of government wether it be Socialism, Capitalism or even Communisn and their respective society and elites all focus on one thing: money.
We as society have created this never ending lust for money and power. Instead of education, virtue and values. It is always down to the interest for the few, not the whole.
........"All in all it's just another brick in the wall" - Pink Floyd
Corporations are sociopaths by design and need to be constrained for the overall good of the populace. Unless, of course, politicians are not seeking to represent the electorate but their 'own special' interests.
Actually, capitalism clearly didn't work in that case, i.e. the shareholders are supposed to manage the executives and they clearly failed.
If capitalism truly work then the shareholders would give different deals to the CEOs. And the shares of those companies with reasonable CEO contract would rise and those without would fall.
Oh look, its that idiot that uprates his own comments. What a coincidence that your comments are always so highly rated despite the fact they have nothing to do with the video you're posting on.
@hornet1204 Really??? Strange i left a comment 8 hours ago with 10 thumbs up and now it has 21 thumbs up. I didn't know I could rate my comments while sleeping .... I must be a witch like Christine O'Donnell and I didn't know. Oooops!
@hornet1204 well you cant just have the government be one thing like a democracy, we do need other ways to go with it but what we are right now isnt even capitalism, we are run by corporations and its bull shit, but hey its whatever people will learn eventually i guess
NO Capitalism in America .... ONLY CORPORATISM. An oligarchy of few companies controls the country (health care, oil, financial). They destroyed the middle class and the small business and brought America to a third world country where 95% of the people are less and less wealthy and 5% are richer and richer (thank you GOP!!!). Any economy lives on: MANUFACTURE, SERVICES and FINANCE. Manufacture is the most important (destroyed), services are the link (no public option), Finance is gambling
@MrFreedomdemocracy You talking about Russia? I hope you realize you just stated facts that every single Socialist country has. You failed to add, they are broke right now and rioting almost daily. They actually killed bankers in Greece when the riots broke out there.
Try reading about the PIGS....turn to the Business section every once in a while bud, you might learn more.
@papavalium Russia is NOT a socialist country. Putin it's actually as conservative as the GOP ...... the Soviet Union 30 years ago was a Socialist counrty.
Talking about bankers and corporations, actually during WWII Truman arrested a CEO of a company refusing to pay war taxes ..... This was the USA not Russia ..... and Truman was right. After the financial collapse in 2008 they should have arrested all the CEOs of those companies who gambled with our money and wolrd money.
There is no capitalism in America. Central planning of the economy by the Federal Reserve and government bailouts for corporations and banks isn't capitalism.
No economic model is perfect whether capitalism, socialism, marxist, communism even fashism
They are there to put guidelines for us to follow but as youtuber "humaner" commented "The problem is that human nature is a virus" and is very true for the leaders of these economic models abuse their power to use against the people...
we need a government, as Lincoln quoted "government of the people, by the people, for the people, shall not perish from the earth" no matter which economic model
these economic models are all brilliant and all work if the human factor is removed which obviously this is impossible
The people and government should never have the same power nor should the government have too much over the people...it is for the people meaning the people should always have more power than the government...
I propose for democracy and capitalism, "unconditional ejection" meaning if something is corrupt the people have the choice to eject their government
Make a system where human misery is never a source of income. If a new system is needed. If you only fix what is broken. Then do it. Don't let these con artists convince you that despair, war on the poor is the only road.
The whole fractional reserve banking system is based on banks not having enough cash to pay off their positions. They are betting people don't demand their on demand deposits, and why would the people want the cash, since the FDIC guarantees their deposits.
Why does one person need 600 million dollars? I never understood that. I wouldn't know what to do with all that money. Donate whatever is left after providing my family financial security, I guess. I don't care who you are, no one NEEDS $600 mil.
@KittenzAV2 $600 million is chicken feed for the real players. It's not about money at that level, it's about POWER. It's very attractive to those who view the world, and people, as a conquest. Just imagine how wonderful it would be to be able to shape human destiny according to your dictates - they are megalomaniacal sociopaths.
@KittenzAV2 Sadly, it's called 'greed'.. and these greedy bastards probably don't even view it as money anymore, they view it as a scorecard they can wave in their fellow greedy bastards' face at the 'clubhouse' to show they've got more winnings than the other.
Man someone is editing, deleting and getting rid of comments they dont like INSTANTLY, I mean seconds after I post a comment its gone! Others have experienced the same crap
Capitalism = competition, in all competition there are those who succeed and those who fail. Different systems of government from one extreme to the other (socialism/social market economy and free market capitalism) exist in order to rationalize both success and failure while producing different public goods to address both. Both extreme are flawed. The system is wrong. Resource Based economy ftw. Capitalism is disgusting. Free markets are disgusting. Planned obsolescence, profit, product lines
jmintube 1 month ago
1:37 damn...
ReasonableCertainty 1 month ago
LET THEM FAIL !!
demandgold 3 months ago
Tea Party = Riff Raff that obeys Corporate Masters!
deeppurple28 4 months ago
how can anyone with half a brain like capitalism?
BigRickDouglas1 6 months ago
@BigRickDouglas1 You're a dumb-ass.
MrFreeCookie 6 minutes ago
This has been flagged as spam show
First of there is no such thing as human nature douchebag.
23lFrench 8 months ago
in Capitalist Amerika dumbass people like Goearge Bush can be president.
In Capitalist America Money is your God
In capitalist America TV brainwashes you !!
In Capitalist America youll be shot down when you ''try'' start a revolution( Malcolm X,John F Kennedy,Martin Luther King.
In Capitalist America not the weather is cold but the people
Peace
kutkinderen 8 months ago 2
The bigger problem is that a finite planet WILL NOT support infinite growth and we are begining to hit the limits, ie peak oil etc. We count our intellect and courage as the keystones that built our civilization but what if thats effectively a lie. Is it not equally accurate to ignore the human factor and say that our civilisation was built on the natural resources of this planet ? Will capitalism survive when the age of profit fades along with the production of these materials? I doubt it.
MrTadblack 9 months ago
Amazing that dumbfuck idealogue Greenspan couldn't figure this out. Wow, how pathetic.
ridewave444 9 months ago
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Gerold1158 9 months ago
does cenk put a lipstick on when on nbc
snoodxxx 9 months ago
You can't fix capitalism because its an economic model that requires infinite exponential growth to survive.
GalaticTG 10 months ago
It shows one problem, but capitalism in itself is a flawed system; you have to have something to start with, and that goes from taking something from someone else, like hunter and hunted. Cenk sound almost like a Economic-Anarchist, it wants to fix capitalism by removing the bad parts, but why fix it, when it's already dissolving?
Nicolai0Nerland 10 months ago
Regulated captialisn is good. Unregulated captialism eats itself, just flat out ends up cannibalizes itself. If you are pissing off people at Goldman Sachs, you know you are on the right track.
flubno 10 months ago
We are not a capitalistic society anymore the system has been manipulated by the bankers that control the currency that is what this NWO is all about. One system of government and one form of currency. Read a good book called "how did things get so crazy in america" find it at amazon.com it put alot of prospective on the way we live.
concerned7156 11 months ago
the banking system failed because of government involvement, lack of regulation had nothing to do with the collapse if the government had never stuck their hand into the banking system, because then they would have never had incentives to loan bad loans
thevansleaving 11 months ago
Should retitle - Problem with Liberals: Idiot Victims
98DevilDog79 1 year ago
Cenk is the dumbest liberal on the planet.... long with everyone else who thinks capitalism is somehow impervious to greed and human nature. Love isn't perfect either, people can cheat on you - in the end it's up to the individual to choose people to trust, corporations to invest in etc. It's the individual who is responsible for the individual and if you put your money in a publicly traded entity and they lose all your money it's your own damn fault - it's call risk liberal victims.
98DevilDog79 1 year ago
@98DevilDog79 You are are the biggest turkey on the planet and your invited to Richie Rich's Thanksgiving
FlightEQuipt 11 months ago
@98DevilDog79 You are are the biggest turkey on the planet and you are invited to Richie Rich's Thanksgiving dinner...
FlightEQuipt 11 months ago
@98DevilDog79 You are are the biggest turkey on the planet and you're invited to Richie Rich's Thanksgiving dinner...
FlightEQuipt 11 months ago
bias <3
Dtwaine 1 year ago
Corporatists run this country with impunity, and the gov't (along with the Fed) goes along with it on the dole. The time for us to rebel was a long time ago, but now is as great a time as ever! Let's figure out ways to reverse the wage-rape of our fellow citizens who produce the wealth in the first place. Shouldn't the productive among us be rewarded in a fair system of meritocracy? Do corporate executives deserve incomes 100's of times more than workers? Speak up!
SIMKINETICS 1 year ago
The banking system has nothing to do with capitalism. Why do some people believe it does?
Houshalter 1 year ago
Needs more LIKES!
Fyrewyrd 1 year ago
Seems like the big boys at the top need to learn basic bankroll management. They should give Doyle Brunson a call.
ShellySummers 1 year ago
There is no "good" or "bad" capitalism, it is just how the system works, you can't regulate away crashes, you might be able to soften the blow, but you can't stop them. The system is made to be rigged and was always rigged. The people at the top will always cover their asses and leave the bill to the working class and the poor.
It is also a fundamentally undemocratic system, which this crash has shown. CEO's aren't removable, and even if they do get fired they get golden parachutes.
Semordnilaps 1 year ago
I think the problem is that Capitalism in America is NOT actually Capitalism - it has become CRONY CAPITALISM - where the federal government, big business, banks, and favored constituencies like unions are in collusion. How do you think Big Business got to be so big?? They have special treatment written into legislation and the tax code that gives them such an advantage that their smaller competitors can't compete and no new competition emerges. Regulation will NOT solve this
heathermgilbert 1 year ago 18
@heathermgilbert Amen to that, great comment..
hayden50 1 year ago
@heathermgilbert Absolutely Right!!! I believe the term is corporatism(fascism).
possm88 1 year ago
@heathermgilbert Yes, and socialism for the wealthy and brutal capitalism for the rest...
FlightEQuipt 11 months ago
Make no mistake and report the truth HICs didn't pour $86M into the chamber of commerce because the health reform bill was going to make them richer. That makes no sense. Why don't you report on that Cenk?! Why don't you report on the fact that Micheal Steele is being oustered to complete the transformation of the GOP back into a White Nationalist group. Under Steele's leadership they took back the House by the most significant margin in decades and his closest allies are shiving him!?!
Imhotep397 1 year ago
Cenk I want to regurgitate something you said about USA Today back when you were actually about something positive. "YOU SUCK BALLS!!!!!"
80% of the Health care reform IS NOT in effect and the parts that are in effect for the most part only recently became active. Republicans have run campaigns on the fact that they can starve the Health Care reform of cash BEFORE most of it goes into effect for the last 6 months. Of course they made money this year still being under Bush Health Care rules.
Imhotep397 1 year ago
@Imhotep397
He's already had several rants about how Obama caved into pressure from across the floor. The HC reform bill will be a gutted toothless parody of it's original intentions with elements actually empowering the insurance cartel. Seems like we can't get enough of tragedy these days.
Chinomareno 1 year ago
"The Case for Increasing Shareholder Power - Harvard Law Review, Lucian Bebchuk"
jordan567890 1 year ago
Without allowing bank failures, banks will not be as prudent as they would be because they know a bailout is on hand should they fail, so unless the reserve ratio is near 100% (which itself present problems), they will still make miscalculated investments through excessive credit created by the Fed and through the perverse incentives created by a future bailout or subsidy. It's legal tender laws that force citizens to use money that is constantly weakened that is a major problem.
TenTonHorse 1 year ago
@TenTonHorse you are ABSOLUTELY CORRECT - and by continuing to prop up these banks and businesses, the government is only making it worse - MORAL HAZARD!
heathermgilbert 1 year ago
@heathermgilbert Totally, but the genius behind the government's plans is that it can continue to redefine capitalism (i.e. the failure of a bailed-out bank is capitalism) and shift the blame away from itself, whilst simultaneously justifying more government intervention, since most people lack the necessary economic understanding. I think those in the know should just sit tight, buy precious metals and lets the future catastophe give people a jolt to their politcal system.
TenTonHorse 1 year ago
first time I have agreed with Cenk....
Mrparrot73 1 year ago
@bulldogger China isn't capitalistic, but it's moving in that direction. Central planning used to be done at the national level but Mao realized that it wasn't working. So now it's done regionally. There is central planning (which proves that China is not capitalistic) but there's been an ongoing precess of decentralization.
PissedFechtmeister 1 year ago
@PissedFechtmeister China is the leading example of State Capitalism in the world. Let me guess, your a free marketeer? Uh huh.
bulldogger 1 year ago
@bulldogger Yes, I am a free marketer. Hopefully China will continue its move away from Communism to Free Marketism (which is not at all the same thing as State Capitalism).
PissedFechtmeister 1 year ago
@PissedFechtmeister You can say it until your blue in the face, but China isn't Communist. Now go bother someone else with your fanatical non-reality based belief system.
bulldogger 1 year ago
@affiliate30 Peter Schiff predicted the housing crash.
PissedFechtmeister 1 year ago
@PissedFechtmeister The housing crash did not need prediction, it was a scam known to have to surface sooner or later.
affiliate30 1 year ago
@homeloansmd We actually incentivize this behavior through welfare, food stamps, public housing, medicaid, and other state programs where Americans can do nothing but smoke weed all day and live better than most people on the planet.
PissedFechtmeister 1 year ago
@PissedFechtmeister Well never get the happy medium...Too many people at the top steal there money to get rich..and too many people at the bottom LAzy there money to stay poor.
rockdiga 1 year ago
@Capng123 Cenk advocates communistic health care (the government pays for it all) and constantly complains about the income gap between the rich and the middle class and poor. He also favors communism in education. Socialism doesn't work either, as demonstrated by the inability of European nations to pay for it. Frace, England,Spain,Portugal, and Greece are all in financial trouble. Sweden became rich through capitalism, switched to socialism in th 70s and is now moving back to capitalism.
PissedFechtmeister 1 year ago
@PissedFechtmeister HaHa. I love your general view which can be surmised by "Europe is all socialist with the same policies in each country"
I hate to break it to you but the difference between Sweden and Britain is much greater than the difference between Britain and America. I suggest you go and SEE the world rather than peddle your ignorant uniquely US outlook.
CmdrTobs 1 year ago
Fuck socialism.
saper321 1 year ago
@heiloreilly
Instead of slapping on the wrist byfining them just a few hundred million dollars, we need to fine them by percentage of how much their Company is worth.
Like say take 15% of their total Stock/property value if they do not follow a certain federal law/regulation.. if the punishment is that harsh, then yeah they will comply and they will behave.
But then again our government and both political parties are bought by the Monopolies of the Oil and Health Industry so.. long way off.
afterhumanity333 1 year ago
@heiloreilly
Then get rid of their Human rights, and we've fixed a major part of the problem..
We need some corporations, because where are you going to achieve actual wealth for your society without receeding to post industrial levels?
We need to regulate Corps. and work with them so that they treat their costumers fairly and to hold these organizations accountable when they make a major mistake and let the market do it's thing and let that organization sink for it's risk taking.
afterhumanity333 1 year ago
Regulation promotes good business practice. No regulation leads to corruption, greed and pondering. PERIOD!!!
lapiz4azulli 1 year ago
@ismeme : system to cope with competition from Germany to Japan as well as ailing domestic economy - ie, high inflation - all caused by the mistaken liberal revolution of the 60's (yep, I'm referring to the libtards' guns & butter policies).
Reagan campaigned on undoing libtards' excessess of the 60's, but obviously failed to achieve that.
shm224 1 year ago
@ismeme : oh sure, he also stupidly created / passed the DOEdu, DOEn, EPA, CRA, FISA, and numerous other ineffective bloated gov't bureaucracies and policies that guaranteed future economic, social, political problems.
No, Carter's move was symbolic in a way that libtards finally came to understand the devastating consequences of liberal economic policies of welfare & stimulus and gov't / military Keynesianism implemented all over the world. It was no brainer that Carter had to ditch the
shm224 1 year ago
@shm224 FYI, Nixon created the EPA.
I see from your comment above and the one you deleted that you're intent on avoiding my question - a question resulting from your own assertion that "Reagan carried out Carter's initiatives" re the banking industry. Reagan didn't have to do this if he thought Carter was wrong. Why did he?
ismeme 1 year ago
@ismeme : do you think that FDR had no mind of his own or he approved of Hoover's failed ideas enough to expand on them (hey, no wonder the GD lasted that long)?
shm224 1 year ago
@shm224 Once again you're avoiding the question.
You were the one who said "Reagan carried out Carter's initiatives". Now you bring Hoover and FDR into it. Are you suggesting an analogy, that Reagan expanded upon Carter's failed ideas? Why would he do that?
ismeme 1 year ago
@ismeme : I'm not sure what your point is. I already explained why Carter made the policy decision that he did. Reagan disagreed with Carter's education policies (DOE) and promised to abolished (but failed). But he kept Volcker and reappointed him. He wasn't blindly following Carter's policies based on his charm or wisdom, but on stark reality that the nation was having a crisis. What's your point?
shm224 1 year ago
@shm224 You and I weren't talking about the DOE. We were talking about the dereg of the banking industry. Carter abolished usury laws. Reagan followed up by enacting the 1982 Depository Institutions Act, which led directly to the S&L Crisis. I asked why Reagan, in your words, carried out Carter's initiative re dereg'ing the banking industry. You've hedged & now appear to be arguing it was for the nation. Do you live in a parallel universe where usury & the S&L crisis were GOOD for the economy?
ismeme 1 year ago
@ismeme : Hm.. that's funny.. b/c I was explaining to sonofatiger when and what (telecommn, transportation and banking) industries were deregulated under Carter, not Reagan. You were the one who brought up the banking in particular. So I provided the political/econoimc backrop behind such deregulation in the70's (and the overall macroeconomic trend that necessitated it). Come to think of it, I never singled out the banking industry - you did.
shm224 1 year ago
@shm224 I know I singled out banking. Duh. I acknowledged what you claim liberals don't: that Carter started deregulating industries, like banking. The fact you want to ignore - or rather, bury under a mountain of bs - is how deregulation in the banking industry by both Carter and Reagan had disastrous results.
Carter was useless as a President. Reagan wasn't useless; he was quite effective at fucking up average Americans and telling us it was good for us.
ismeme 1 year ago
@ismeme : Oh boy, here we go again. Well, I think the logical fallacy you are committing is called the fallacy of composition (maybe selective reasoning?). I much prefer to live in a parallel universe with the S&L crisis than the current one with potential sovereign default or the one we avoided in the 70's (other countries weren't so lucky and many suffered hyperinflation and political/economic upheaval for decades).
Your liberal / socialistic bias is clearly showing. Unfortunately,
shm224 1 year ago
@shm224 You make it sound like the 70s were a walk through the park. I lived through that inflationary period, I remember very clearly how virtually everyone struggled to get by. You aren't even old enough to remember the S&L Crisis; I worked for an S&L at the time. The acts Reagan passed that caused it had nothing to do with the economy so much as pure deregulation to allow S&Ls to profit in new areas, similar to what Repubs & Clinton did at the end of the 90s.
Your naive youth is showing.
ismeme 1 year ago
@ismeme : nope, I didn't. you did. I said the US economy was lucky, b/c other countries in South America or sub-Saharan Africa suffered much worse fate (eg, hyperinflation, brutal regime changes, etc).
And another no, I remember the 70's rather vividly (hint: I'm not 25). Clearly you are now running out of argument, now that you are resorting to ad homs. Seriously do you know any economics other than the S&L?
shm224 1 year ago
@ismeme : the S&L crisis, the Gulf War recession in early 1990's unfortunately foonote events; in fact, the economy actually enjoyed much more macroeconomic stability during this period than the preceding 25 yrs under liberal economic regime.
I've noticed that libtards love to pick on that particular event, and often blow it out of proportion, just so to bash Reagan's econ policies. (of course, the same goes for neoliberalism and neocons - both byproducts of the failed de facto liberalism in
shm224 1 year ago
@shm224 lol, if you're suggesting neoliberalism and neoconservatism are anything to do with true liberals then you're just another tool of the RW media, where anything left of Attila the Hun is a "liberal". And you probably believe Hitler was a socialist as well. rofl
Reagan's econ policies are eminently bashable. Trickle down is a total failure.
ismeme 1 year ago
@ismeme : nope, you are "modern" liberals are nothing more than swindlers.
shm224 1 year ago
@shm224 Here's where you get to continue barking at the moon on your own.
ismeme 1 year ago
Comment removed
shm224 1 year ago
This has been flagged as spam show
@ismeme: of course they have plenty.. Where do you think they come from? Neocons were JFK / LBJ liberals. Most of them were CCNY jewish liberals (in 40-50's) who played pretty influential role during both Kenney and LBJ administration (P. Moynihan, N Glazer, to name a few). Of course, modern liberals never want to admit their warmongering past (and present) and how their misguided policies of welfare and warfare led the nation (and the whole world into a worldwide economic collapse).
shm224 1 year ago
@ismeme : and what would you know about neoliberalism? Why don't you tell me how they got their start? Do you seriously know anything about development economics? familiar at all with W Sachs, W Easterly, HJ Chang, N Klein??
shm224 1 year ago
@ismeme : You obviously seem to believe that the impulse behind the banking deregulation in late 70's was created in isolation, completely unrelated to events that preceded it (eg, the deregulation of airlines earlier or libtards's economic failures).
Ok, now go back to your parallel universe.
shm224 1 year ago
@shm224 Not at all. I'm saying no matter why it was done, it was a huge mistake. Every time the banking industry is deregulated - or existing regulations aren't enforced - they take us all to the cleaners.
ismeme 1 year ago
One of the problems with some of Cenk's clips is that he doesn't show pictures of the people he's talking about. Most people don't know who John is, or how he profited in the financial mess. However, if Cenk showed people John's picture then he will be able make his case more affectively.
sholmesful 1 year ago
Comment removed
shm224 1 year ago
fuck capatilism. greed isn't human nature. resource based economy FTFW
vans4menu 1 year ago 2
@vans4menu Yep. All interested google The Venus Project.
ismeme 1 year ago
As for the interpretation of inherently, I wasn't trying to say the core essentials of Capitalism should be changed.
I was obviously talking about the center, the core, of where it now sits, the money, the laws....
You directly used the tearm inherent responding to that, and that is why I responded to it in the manner that I did.
You wrote "it can't be changed because it is inherently so. If money is everything, as it is in capitalism...."
Philip991967 1 year ago 2
@Philip991967 No, I didn't use it responding to that. I used it first. But it's irrelevant. How can you say CAPITALISM isn't about CAPITAL and its "guts"?
I'm not really concerned with what the "core wrong laws" are because capitalism itself is doomed to become what it is now - a plutocracy of the wealthy. The evil at the center of capitalism is wage labour. You can change any laws you want - until wage labour is abolished, the workers of the nation will be abused by whoever they depend on.
SocialistRevolution1 1 year ago
capitalism is rotting from within, time to look for a different system
UKPlaymaker 1 year ago
50% of the Boeing is already produced in China. Now US companies make joint ventures in China to build the Chinese C919.
I am against protectionosm. But his is madness. Americans, you destroy your economy. GE Aviation, Honeywell and Co. get taxcuts, now they invest in China. Crazy world.
AustrianAtheist 1 year ago
Cenk loves capitalism. He will sell out to MSNBC because of that.
CardinalRaker 1 year ago
fuck capitalism.
NubianTribesman 1 year ago
moral hazard
dankbot420 1 year ago
I wonder if the woman walking by (1:38) was planted there delibirately to get more viewers...
FoolieFishing 1 year ago
TYT is funded by Soros . they have 0 credibility
cldump 1 year ago
A problem in this idiots argument is America hasn't been a capitalist country for decades.
taxidriver2929 1 year ago
@taxidriver2929 Um....What? How do you justify that?
xJoeEDangerouslyx 1 year ago
CEO's need to have, AND MAINTAIN, stock in the company, and have a modest salary.
I think CEO's should have a salary just 10% above the middle managers, AND were allowed to only own a certain amount of shares, AND they could get paid their share price plus half. Maybe corruption would be less.
Oh ya ...and no money from the government :)
:p
Joxman2k 1 year ago
To be more specific, the real issue is the "Agency Problem", how much should owners (i.e the shareholders) compensate the managers (i.e CEO etc) to not only work for them but create profit for the owners.
Ideally bonuses would be based on Gross Profit (Sales - Cost of Sales) rather than Net Profit since net profit can easily be manipulated from accounting stand point.
mdawg001 1 year ago
Whelp GuhYeahRight, I do mean personal opportunity, that yes, does exists in the American dream, that is still very much alive.
Just because the system needs fixed, doesn't mean it's a lost cause.
All other economic systems are prone to greed as well, might as well stick with the one that backs freedoms more.
All economic systems are made by man. What do you think we should do, read the leaves of fall to dictate out laws.
Capitalism is a very resource based system, that is as clear as day.
Philip991967 1 year ago 6
@Philip991967 There is no such thing as the american dream, you're delusional.... There is almost no real amount of economic mobility in America, and facts support that statement. Not all economic systems are "prone to greed" as you have said, your generalization is ignorant. I'm talking about a Resourced Based Economy, which is a design for an economy that wouldn't have a monetary aspect, it would be all the earths resources for all the earths people.
GuhYeahRight 1 year ago
@Philip991967 You should stop doing hallucinogenic drugs if you think that capitalism is the most free economic system. It's no more free than the feudal system.
SocialistRevolution1 1 year ago
Philip991967 1 year ago
@Philip991967 No, we don't have free entrepreneurship. What do you think a "monopoly" is? No, we cannot vote our officials into office. We are chosen officials by financial interests - and our officials serve those financial interests once in office. We can buy small amounts of land, but a majority of land is also owned by financial interests. We can demand laws, but none will pass without the consent of the financial interests. The bankers and the corporations run the show, not the people.
SocialistRevolution1 1 year ago
@Philip991967 All of the supposed "freedoms" we are granted by capitalism are illusions fabricated by the rich. The rich give us the illusion of control - Democrat or Republican, blue flavor or red flavor - so that we don't try to fight back. They push the wonders of capitalism on us so we will continue to be complicit in our own destruction. The rich get richer, and the middle class is eroding, plummetting into poverty. That's capitalism.
SocialistRevolution1 1 year ago
No, Cenk. That's capitalism. Capitalism was never intended as a means to be "fair" in any way, shape, or form. To say that is ridiculous.
That's not to say it doesn't work, 'cause it does work. Ask every rich asshole that keeps taking bets they cannot possibly pay up with their own dime, or the drug dealers who have gotten rich off of it, or arms smugglers, etc.
Capitalism doesn't need "saving," it needs to be phased out for something better.
unabomberman 1 year ago
Capitalism's basic Instinct is to make money.. The Human Cost of too much wealth through Greed is a by-product of Capitalism.
Human Beings are flawed so Capitalism is flawed to see wealth and not be able to differentiate between limit and over abundance.
Capitalism and Compassion are incompatible, it's not in Capitalism's Nature to care about you.
It's quite Darwinian, the strongest survive.
That's why you regulation is needed, Greed is dangerous.
2DRonaldo 1 year ago
The reason why Cenk is going to MSNBC
@1:38
Random hot blonds
HarfangX 1 year ago
@HarfangX lol. hot damn
atheshit 1 year ago
@RonPaul4EverAndEver
not really, socialism is a govt instituted economic system like Venezuela. while communism is socialism brought through revolution like the soviet union.
muhammadyousuf1 1 year ago
Capitalism makes Corporatism (amongst many other "ISMs") possible when you decide the role of government is to close it's eyes and not regulate anything, when you let the system allow for politicians to be openly bought by the highest bidder like they are are now and when you make uninformed decisions (read: use poor media sources) and reelect the corrupted politicians.
Then you can absolutely say it's not "capitalism"... it's [HIGHEST BIDDER'S NAME]ism...
HarfangX 1 year ago
What time does Cenk host msnbc? I hope it's after 3:00 pm.
TheMasteratLink 1 year ago
pleas add bailout to that to.
future305 1 year ago
cenk is a rookie in capitalism
erdal0 1 year ago
"Best fits human nature" WHAT THE FUCK? You must have a very very sick view of Human's natural behavior, if you think that the continuous exploitation of both other humans and the earth is "human nature", your a fucktard. Cenk, this is the first time i think you have been completely ignorant on the subject, because clearly you do not understand sociology. People develop their "nature" from society, not the other way around, we have a sick system, so we have sick people and sick leaders.
GuhYeahRight 1 year ago
@GuhYeahRight RIGHT ON!!!
PensamientoEsceptico 1 year ago
Comment removed
derberg19486 1 year ago
There is no problem with capitalism today because it works for the rich and so do all politicians.
Dwicker64 1 year ago
It's nonsense to say "I LOVE capitalism, but there's a problem with it". No, whatever problems capitalism has and creates are intrinsic to it, part and parcel of it.
blackmichael75 1 year ago
@blackmichael75
you're a retarded tool.
is their a capitalist manifesto?
is a blood pact?
NO.
theirs all different types of capitalism, fool!
you know nothing
benympls 1 year ago
@blackmichael75 Canada has the exact same capitalist system as America with only 5 exceptions, we have strict control of our banks, we have government assisted prescription drug purchasing (our government buys HUGE amounts at a discount from America and sells it cheap as dirt to drug stores), government run automobile insurance and we have single payer healthcare. To America we are Socialist. Prescriptions cost me $5, auto $50, low bank fee's and all medical is free, damn Socialism! LOL
derberg19486 1 year ago
@blackmichael75 Perfectly said. When they say "Well what we have now isn't really capitalism, it's not a true free market" I just think to myself, "well isn't it the free market that brought us here".
GuhYeahRight 1 year ago
ROFL....All the European Socialist countries are going bankrupt right now. ROFL All the Worlds Socialist countries are rioting right now. ROFL All the Socialist countries are asking us for money....ROFL. Who wants socialism again? If you really think it's better, you either, Don't read the newspaper, don't know your own history,or you're rich and you like the Rich class poor class society. Just like all those countries, the middle class is gone. You are either Rich or Poor.
papavalium 1 year ago
@papavalium Try looking at politifact or fact check.org and see how many things the right wing media has told u are facts that are in actuallity Complete lies
chrisgalizia 1 year ago
@papavalium there are so many things wrong with what you just said, I'm not even going to refute it, i'm just going to call you an ignorant fucktard.
GuhYeahRight 1 year ago
OBAMA IS A FITHLY KEYNESIAN!!!!!!!!
GodAthie 1 year ago
@ApemanD so ironic that those closest to the emotional maturity of a chimpanzee fancy themselves the furthest from them ancestrally. i sure hope future robots treat us better then we've treated the lower life forms we evolved from. if the robots dream up some robot god, we're all f---ed!
MeganANDMiley 1 year ago
The cancer that is killing .... /C/apitalism?
tommysch 1 year ago
Socialism is the only way.
TheRedflagflyer 1 year ago
LOL at the bouncing blonde
MercifulMing 1 year ago
Every imperialist country rotten from inside, we are not exception The privilege class composed by Goverment, Media and Congress only care about money and power and if you want to accelerated the process of decomposition vote republican in 2012. Not that Democrats are innocents. America with more than 300milion people only have two parties witch it laughable that is why a parlamentary goverment is so much better. Everybody is represented.
5manen 1 year ago
I'd say capitalism is fine. Bank reserves have nothing to to with capitalism. The problem is how the big investment banks managed to lend money without having the capital to back it up.
TheArfdog 1 year ago
@TheArfdog So people attempting to exploit the free market aren't trying to exploit the free market?
GuhYeahRight 1 year ago
@GuhYeahRight How is that exploiting the free market? The reserve limit is to protect the banks from themselves. That has nothing to do with the free market.
If you want to relate this to the free market, you could say the banks can do whatever they want in a free market... including colluding, monopolizing and eventually crashing, taking the whole system down. THAT'S exploiting the free market. Reserve limits PROTECT the free market.
TheArfdog 1 year ago
@TheArfdog there are no regulations of either trade or creation of money in a free market... soooo what ever
GuhYeahRight 1 year ago
@GuhYeahRight Next time load your guns before you get into an argument
TheArfdog 1 year ago
The virus that diseases capitalism is called "government"
asalade 1 year ago
All forms of government wether it be Socialism, Capitalism or even Communisn and their respective society and elites all focus on one thing: money.
We as society have created this never ending lust for money and power. Instead of education, virtue and values. It is always down to the interest for the few, not the whole.
........"All in all it's just another brick in the wall" - Pink Floyd
edersiomoran 1 year ago
As usual I agree with Cenk. The CEOs of these companies deserve to have nothing.
sigurjong 1 year ago
Corporations are sociopaths by design and need to be constrained for the overall good of the populace. Unless, of course, politicians are not seeking to represent the electorate but their 'own special' interests.
BeveledSpilchOnion 1 year ago 2
Actually, capitalism clearly didn't work in that case, i.e. the shareholders are supposed to manage the executives and they clearly failed.
If capitalism truly work then the shareholders would give different deals to the CEOs. And the shares of those companies with reasonable CEO contract would rise and those without would fall.
thankqwerty 1 year ago
Thumbs up for the hot blonde passing in the background!
elhacienda 1 year ago
If we were to really fight a war with this country's enemy, we'd be shooting drones at Wall Street.
darealdjnutz 1 year ago
@kensei85 Hope you are just joking. If not, I feel sorry for you.
Franco187 1 year ago
This has been flagged as spam show
Human Nature has very little to do with Human Behavior.
kanefreeman1 1 year ago
Cenk FTW - America needs change, and having Cenk on MSNBC makes me feel like we have a healthier debate going forward.!
ubtri 1 year ago
Third World Tea Party America
watch?v=LpoXRN2AMWQ
MrFreedomdemocracy 1 year ago 9
This comment has received too many negative votes show
@MrFreedomdemocracy
Oh look, its that idiot that uprates his own comments. What a coincidence that your comments are always so highly rated despite the fact they have nothing to do with the video you're posting on.
hornet1204 1 year ago
@hornet1204 Really??? Strange i left a comment 8 hours ago with 10 thumbs up and now it has 21 thumbs up. I didn't know I could rate my comments while sleeping .... I must be a witch like Christine O'Donnell and I didn't know. Oooops!
MrFreedomdemocracy 1 year ago
why dont we just go back to a fucking democracy like we are suppose to have...
choppedbydjdc 1 year ago
@choppedbydjdc
"like we are supposed to have"
Says...who? We were never a democracy. If anything we're a democratic republc, perhaps more appropriately, a consitutional republic.
A pure democracy if a horrible form of government. In a democracy, the majority can remove the rights of the minority.
hornet1204 1 year ago
@hornet1204 well you cant just have the government be one thing like a democracy, we do need other ways to go with it but what we are right now isnt even capitalism, we are run by corporations and its bull shit, but hey its whatever people will learn eventually i guess
choppedbydjdc 1 year ago
Excellent, Cenk.
PrairiePie23 1 year ago
NO Capitalism in America .... ONLY CORPORATISM. An oligarchy of few companies controls the country (health care, oil, financial). They destroyed the middle class and the small business and brought America to a third world country where 95% of the people are less and less wealthy and 5% are richer and richer (thank you GOP!!!). Any economy lives on: MANUFACTURE, SERVICES and FINANCE. Manufacture is the most important (destroyed), services are the link (no public option), Finance is gambling
MrFreedomdemocracy 1 year ago 34
@MrFreedomdemocracy The United States is still a standing Capitalist country.
It though has been so deeply infected, from so many angles, that it certainly does start to resemble some form of Corporatism.
Corporatism would be the corporations, within themselves, having actual legislative power directly.
This is Capitalism, the corporations manipulating the power.
Philip991967 1 year ago 2
@MrFreedomdemocracy You talking about Russia? I hope you realize you just stated facts that every single Socialist country has. You failed to add, they are broke right now and rioting almost daily. They actually killed bankers in Greece when the riots broke out there.
Try reading about the PIGS....turn to the Business section every once in a while bud, you might learn more.
papavalium 1 year ago
@papavalium Russia is NOT a socialist country. Putin it's actually as conservative as the GOP ...... the Soviet Union 30 years ago was a Socialist counrty.
Talking about bankers and corporations, actually during WWII Truman arrested a CEO of a company refusing to pay war taxes ..... This was the USA not Russia ..... and Truman was right. After the financial collapse in 2008 they should have arrested all the CEOs of those companies who gambled with our money and wolrd money.
MrFreedomdemocracy 1 year ago
There is no capitalism in America. Central planning of the economy by the Federal Reserve and government bailouts for corporations and banks isn't capitalism.
LibertyRadical 1 year ago
Oh hey!! Theres a typo in the title. Should read The Problem IS Capitalism.
OktoberSunset 1 year ago
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No economic model is perfect whether capitalism, socialism, marxist, communism even fashism
They are there to put guidelines for us to follow but as youtuber "humaner" commented "The problem is that human nature is a virus" and is very true for the leaders of these economic models abuse their power to use against the people...
we need a government, as Lincoln quoted "government of the people, by the people, for the people, shall not perish from the earth" no matter which economic model
LCG666 1 year ago
these economic models are all brilliant and all work if the human factor is removed which obviously this is impossible
The people and government should never have the same power nor should the government have too much over the people...it is for the people meaning the people should always have more power than the government...
I propose for democracy and capitalism, "unconditional ejection" meaning if something is corrupt the people have the choice to eject their government
Power 2 the people
LCG666 1 year ago
Thats a great little segment right there. Hope the american people really take that in.
livinginoneness9 1 year ago
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LCG666 1 year ago
The problem is that human nature is a virus.
humaner 1 year ago
@humaner
Thats actually true, which is why capitalism is great. Corporatism however is an entirely different problem altogether.
allegoryofthecave 1 year ago 6
Make a system where human misery is never a source of income. If a new system is needed. If you only fix what is broken. Then do it. Don't let these con artists convince you that despair, war on the poor is the only road.
sagemakaiserxl 1 year ago
The whole fractional reserve banking system is based on banks not having enough cash to pay off their positions. They are betting people don't demand their on demand deposits, and why would the people want the cash, since the FDIC guarantees their deposits.
swdmn 1 year ago
Why does one person need 600 million dollars? I never understood that. I wouldn't know what to do with all that money. Donate whatever is left after providing my family financial security, I guess. I don't care who you are, no one NEEDS $600 mil.
KittenzAV2 1 year ago
@KittenzAV2 $600 million is chicken feed for the real players. It's not about money at that level, it's about POWER. It's very attractive to those who view the world, and people, as a conquest. Just imagine how wonderful it would be to be able to shape human destiny according to your dictates - they are megalomaniacal sociopaths.
celnuk 1 year ago
@KittenzAV2 Sadly, it's called 'greed'.. and these greedy bastards probably don't even view it as money anymore, they view it as a scorecard they can wave in their fellow greedy bastards' face at the 'clubhouse' to show they've got more winnings than the other.
celt67 1 year ago
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AllOurWisdom 1 year ago
Man someone is editing, deleting and getting rid of comments they dont like INSTANTLY, I mean seconds after I post a comment its gone! Others have experienced the same crap
monigta 1 year ago
Goldman Sachs are fleecing the taxpayer.
WorldSutra 1 year ago