clever speech and illustration. but anyone willing to think for themselves knows this is horseshit. we didn't have capitalism before the crash. Corporatism and crony capitalism are to blame. let's give capitalism a chance before we castigate it
i got the same opinion.... but i would choose another kind of words and phrases. He needed 11 minutes to say: "If very few people get all the money (the financiers) the others will have to live with alot less, aka. crisis" and i think he did that just because he did not want to be called an anti-capitalist... I hate this brainwashed-generation that sees in everyone that argues against the holy capitalism a traitor or (even more insulting in their eyes) a communist.
He has a few good questions to raise, but he himself admits that he has not answers. Well true free market capitalism does. Some of the questions he gets at are deeper than any economic system can solve. The problem with anti-capitalism (or any political movement) is that it is rather arrogant of us humans to think we can be so good and powerful as to create a perfect peaceful society all on our own.
@digifreak10101 Here here enlightened one, just tell us exactly whom will help us? "all on our own"...ha. And arrogance is not really a problem. well, at least not like believing that an invisible man lives in the sky is a problem.
781 sensible people so far :) I just love the good old propaganda methods used by mr Harvey in his speech/presentation. "Any sensible person would join an anti-capitalist organisation" in other words if you're a capitalist you are an IDIOT, and nobody likes to be considered an idiot.
then the terror technique "You have to or bad things will continue to happen". Very intelligent guy. Shame he's an arsehol.
It should be obvious to everyone by now that what the economy needs is neither more bank bailouts nor more so-called "free" market i.e. more exploitation of people and more prophit on lesser hands. Capitalism has out-played its role and has become an authoritarian system.
@ those of you who scolds the concept of planning the economy: what do you think every big company does?
What the World need now is a socialist revolution and real freedom for the vast majority. Rise up for a Global Spring!
12,439 likes-dislikes: 94% like. Harvey goes over the top at times. But obviously the view resonates. Regarding Rockefeller, suggest the biography "Titan," which recounts the tactics in the rise of Standard Oil in great detail. He ultimately had little control over the oil found in Russia and the Arabian Peninsula, which given the technologies of the day, precluded global domination. But that was then.
The like-to-dislike ratio on this video scares the hell out of me. I don't know why we continue to listen to these failed academics. Keep in mind that the same people who're screaming that our crises is a crises of Capitalism so therefore we need *insert form of Socialism* were also saying in the 70's that the problem of scarcity is solved, we have all of this wealth, so therefore we need *insert form of Socialism*. Either way, you need *insert form of Socialism*.
@rolangel777 That is what we have been living in since FDR. Keynesian economics is a mixed economy. Not quite capitalism. Not quite socialism. Obviously it hasn't worked.
@rolangel777 I disagree, I dont think there's any reason any individual should have more resources than another. The only exception would be if the individual is embarking in a big project, in that case given that the individual has the necesary training to do his project, the project itself should recieve whatever resources are necesary to make it happen, not the individual. Check the Free World Charter or the Community Planet foundation to see along what lines I'm thinking
@rolangel777 Look at it another way. Where is the rich person going to take his extra money from, if they dont take it away from the poorer person? that's why you cant have your cake and eat it too...
YO. It's this system of Keynesian spending and corporate manipulation(corporatism) that has gotten us into this mess. Capitalism pwns, let the free markets reign.
We aren't practicing Capitalism in America. In true capitalism, businesses who fail because of bad practices are left to fail not bailed out. The government intervening in the market distort the signals the market gives causing people to do things they shouldn't. The government allows some business to rep rewards without risk, causing investors to take incredible, sometimes stupid, unnecessary risk. The government is making matters worse.
If this is suppose to be an overview of the financial crisis, I dont think it can be taken too seriously. It didn't mention the problems of Keynes, it didn't even mention the word inflation one single time. If you want to learn about the financial crisis, read MORE Hayek, not less.... and vote Ron Paul 2012!
Capitalism didn't cause the last collapse. The Federal Reserve kept interest rates artificially low. The US government guaranteed home loans. This created moral hazard for the banks. They had no fear of failure because everything was guaranteed. When the pyramid collapsed the government stepped in and picked up the tab for these irresponsible companies, allowing for the whole charade to continue. The solution to this problem is not more central planning. That is what caused the problem.
@saskatoon11silver Too bad you forgot to mention that the federal reserve IS NOT a part of the US government, its a banking cartel and it kept rates low because the government did not put any restrictions on it.
@cheesemas46 Who cares whether YOU consider them a part of the government or not. What matters is that it is governments monopoly over the money supply that makes the situation possible to begin with. If people do not realize this, then the whole discussion can go nowhere, and we will for ever be fighting each other while the unscrupulous use our ignorance to exploit us in different ways.
@mortalisk The government hasnt printed its own currency since lincolns green back moron, this is solid fact and the government doesnt even deny it or try to hide it, look up the federal reserve on wikipedia or google or a U.S history textbook
@cheesemas46 Please don't call people morons. Are you saying americans are free to choose what to use for money? I wonder who would come after me if I tried to seriously use something other than federal reserve notes for everything, like paying taxes for instance with my own monopoly money. Bernanke himself? Or would it perhaps be the police dragging me to a cage?
Yes the problem is obviously that people read too much Hayek. That's explains why the government shrunk in size, cut down on its debts, and lowered its regulations... (sarcasm in case you idiot Marxists can't tell).
@Keeban3 And how exactly do you measure "the value that people create"? What criteria of value should we go by? This is the problem of capitalism that us "idiot marxists" have been pointing out for years - how exactly do we measure the value of something. The oil companies provide a product of "value," but the real cost of oil is environmental destruction that affects everyone. The profits are privatized while the risk/damage is public. Stop hating and think about things a bit deeper.
Though a more full answer is profit. And of course harmful externalities are a market failure and need to be corrected, preferably high rates of taxation air and water pollutants, and letting the courts take care of the rest of pollution through property rights.
@Keeban3 You mean that arbitrary unit we created that doesn't actually have any value? The price is not the value, and my point was exactly that the actual cost, the actual "price" is different from the monetary amount. The real "price" of burning fossil fuels is not "$1.18/litre" - it is immeasurable, which includes social, economic, ecological, consequences. Money's all well and good as long as people don't come to believe that money itself has value like the number-eaters on wall-street do.
That money is arbitrary matters not, its value is determined by distribution. Consumers decide the value of fossil fuels (I already told you I agree with taxing harmful externalities, so stop attacking stray men). It only matters what the consumers want. Price determines who can get to the product with the least waste. But I'm talking economics and you are talking sociology. Since neither of us really cares about the other subject, this is where I step off.
Now that I look at it, Dispacherator, my initial description of value is wrong (well, still incomplete). Forgetting externalities and government for simplicity. The value of something is how much work a person is willing to put in to society in order to obtain it. The creation of value is the difference between this price and the price the person has to pay. Profit is the best known source for encouraging the creation of value, and is an excellent marker for the creation of value.
The biggest error in this video is that the author mistakes counterfeit capital for "capital". The same counterfeit capital that systematically siphons value from savings and labor - through deficit spending, which supports both welfare and warfare, and fractional reserve lending and paper derivatives of capital - none of which are capital at all, but mere promises of future capital.
the only crap i see is this video. completely wrong. we don't have capitalism. we have the central banks of the US and europe in bed with giant wallstreet zombie banks. its that simple. we let them use the taxpayers' money to backstop their losses and to borrow at artificially low rates to leverage and buy up assets all over the world.
Keynes vs. hayek round 2 go watch it, you are VERY mistaken in your understand of hayek and his opposition to govt as a backstop to failed banks and industries.
The bankers control the governments..that is where the problem lies. Look at Greece & Italy..both those countries are now run by bankers put in place by bankers without any kind of election and not sound was made about it by ANYONE? The federal reserve is privately run & controls the default currency of the world..the US dollar. China and Russia are now pushing for a new default currency..of their own making of course. This will not end well for the states or anywhere else for that matter. :/
You know to say that Capitalism leads to Corporatism and is somehow responsible for all that is wrong is sheer ignorance.
You know that cars inevitably lead death, so should we ban all driving?
Too much freedom allows people to go out and kill other people, so do we give up our freedoms?
Look just the simple FACTS. Capitalism does NOT= Corporatism. They are defined differently for a reason. Just as sanguine and sanguinary. Sounds the same but the two are quite different.
Capitalism inevitably leads to CHARITY, to Corporatism, whatever. Capitalism is the 'means' by which you make the money to do ANYTHING. Whether that ANYTHING is good, or bad has VERY LITTLE to do with Capitalism.
What 99% of the idiots chanting 'anti-Capitalist' slogans are really trying to say is 'we are against Corporatism, NOT Capitalism'
TWO DIFFERENT WORDS WITH TWO DIFFERENT MEANINGS...hence two DIFFERENT WORDS GENIUSES. Unless of course the dictionary is wrong lol.
@EndTheFedRes Speak for yourself, my reasoning for chanting anti-money is not corporatism (corruption), it is that money is the root of all evil, opposed to the saying about greed: the love of money is the root of all evil. as long as there is something that is given power to do anything (money), selfishness will take over selflessness.
There is no escaping selfishness (I wouldn't refuse a pay raise, and neither would you). In a barter system people are selfish. In a socialist system people are selfish.
Capitalism at its best is a way of accounting so that people can only consume the value that they create (value being how much people want something relative to how available it is). This is why in properly run capitalism you can only be selfish by providing for others. Corporatism IS the problem.
JFC I gotta tell all the people saying Capitalism inevitably lead to Corporatism this...
SHUT UP!!! There is a reason different words have different meanings in this tool we call a DICTIONARY...you tools. LOOK IT UP.
So is murder inevitable in a free society? Therefore none of us should be free? Listen to what you retards are saying. HELLO! There is a reason you don't hear the term Corporatism in the corporate/gvt controlled media. THINK FOR YOURSELVES.
@EndTheFedRes murder is corrupt human behavior. people aren't born with the will to kill other people and real studies by real professionals into human development will verify this. in fact in almost all cases murder, money is the underlying motivator. whether it's trying to get money from either desperation or it's pursuant of money. corruption comes from a monetary society and if there is one economical model which is completely dependent on a monetary system, it is capitalism.
@ontheotherhandx6 If there is one economical model completely dependent on money? Thats ALL 'ism's' Capitalism, Socialism, Communism, Fascism, etc. They ALL rely on income.
To single out Capitalism when it's NOT Capitalism is ignorant. Capitalism is a scapegoat for Corporatism. Capitalism enables people to do really good things, just as it enables people to do bad things. However Capitalism is NOT the enemy, you seem to be confused on the definition of it.
@EndTheFedRes I can't take arguing with you and your simple-mindedness. I've brought up several points as to why greed, corruption, and poverty are inherent in a capitalistic society, and all your rebuttals are simply CAPITALISM IS NOT CORPORATISM RAH RAH RAH, without even addressing my argument. You're a child, and even if you're not you definitely debate like one, therefore you are.
@ontheotherhandx6 I apologize for my offensive remarks. I guess what I am saying is that bailing out banks and insurance companies is not Capitalism, it is Corporatism. Halliburton, KBR, Blackwater, and MS are all examples of Corporatism. They made a lot of money at one point via Capitalism. They in turn used this money to lobby gvt, for contracts, favorable legislation, and to keep competition out. This is Corporatism. Again I apologize.
@EndTheFedRes I don't disagree in any way that the examples of Halliburton, Blackwater, etc are corrupt behavior, and I agree that it is corporations abusing power by throwing their financial clout around. But what must be understood is that it is inevitable for these things to happen, especially without regulation to oppose it. Think about this, a company creates a business or service and it succeeds at first, which is how capitalism works. It is not only in their best interest,
@EndTheFedRes (continued post) but it is vital to their survival as an institution that they eliminate any competition that could topple their standing in the market. This holds true to any company, even those that start with the most noble of interests. So while the theory is that competition is good for the consumer, it is exactly the opposite in the eyes of the capitalists. Competition means threat to profits, which is where corrupt practices begin.
@ontheotherhandx6 I can certainly agree with your last comment. It is my belief we need to end all lobbying (good/bad no matter). No compensation of any kind from any business. We need to take the money out of politics. SCOTUS needs to overturn the money=speech and corporations=people rulings. Only individuals should be allowed to contribute...with stipulations.
@g4macdad My point is that Capitalism has/did work. It's not perfect, but it is the best 'ism' we have yet to utilize. Capitalism is what made the USA the most dominant country in world history. Capitalism has been hijacked by Corporatism, and is the media scapegoat. Capitalism does not= Corporatism. It can lead to many good and bad things but we can not put the blame on Capitalism. Corporations in bed with government is not Capitalism it is Corporatism. This is what I'm saying.
@g4macdad Indoctrination talk? Are you out of your mind? GRAB A DICTIONARY. Look up the terms. It is not I who is confused here. The FACTS are right in front of you. So you do us a favor and take your head out of your ass. Unless of course these economic dictionaries are wrong. Think deeper you brainwashed tool.
@EndTheFedRes Take your head out of Ron Paul's ass and think for yourself. This is a war of language. In your mind, words like "socialism" and "marxism" have strawman definitions.
@TheDispatcherator My head is out. Is yours? Are you telling me that Capitalism=Corporatism? Is this why there are two different words listed in the dictionary with two very different meanings? Now I have to ask again...where is your head?
@EndTheFedRes in summation, since corruption is inherent in a monetary society and unequal societies, it's safe to say that that is where evil is born. and a monetary & unequal model of society is exactly how capitalism can be described at capitalism itself is the unequal distribution of wealth.
it'd be really nice if these Ron Paul freaks people stopped tossing the fantasy word "Corporatism" around. What you call 'corporatism' is always gonna be the end result of a capitalist society. Citing charity as a validator for it is an absolute joke. The upper echelon throws crumbs at the the bottom and that makes everything alright? We can forget about the immense amount of wealth displaced by them, and the violence in the form of poverty that they create by holding so much? No.
@ontheotherhandx6 You are a joke. Try reading the dictionary. Unless of course the dictionaries definition of Corporatism is wrong. End results of Capitalism are also charitable.
Capitalism is the 'means' by which you acquire the money, NOT how you spend it. Corporations in bed with the government=CORPORATISM. Capitalism is not the pillar of all good, but it is certainly FAR from the axis of evil you make it to be.
Sovereign nations should exist because people should be allowed to live in countries that hold there same ideals and values, with the exception that everyone should be allowed to leave if they don't hold those same values, in other words, if the speaker doesn't like capitalism, he can go to hell, and by hell I mean China or other any other communist country.
another ridiculous marxist - an experiment proven to fail yet we must continually be subjected to re examining it 'theoretically' as though it will turn out differently this time
Look at that...I got JELLY on my shirt eating my pb&j sandwich. Completely the peanut butters fault, because peanut butter and jelly go hand in hand. If there was no peanut butter then there would be no jelly, and this would have never happened.
CAPITALISM does NOT= CORPORATISM. LEARN the DIFFERENCE, SPREAD THE WORD.
David Harvey is right in his analysis, but the dramatic changes everyone wants to see will not materialize as the people are too easy to oppress in these modern days of machine guns.
In twenty years we will have the 99.99 % movement agitating against the 0.01 % that is still considered wealthy.
I wish everybody new this, I was completely ignorant of it until I went to university and now I'm an angry person!!! Fuck the people is the capitalist motto, it's like a warped vision of Darwinism; Survival of the Greediest.
@arenor You bought my hat with tax dollars? @EndTheFedRes You can't have corporatism without capitalism and vice versa. It's like saying you want the "North" side of the magnet without the "South" side. Only a fundamental change of society can end the internal contradictions of the capitalist system. @kit2ng219 You are incapable of having a serious debate. Enough said.
What most people are complaining about is Corporatism, NOT Capitalism.I'm not here to defend Capitalism I'm here to disseminate the truth about it.Capitalism is NOT 'the axis of evil' and it is NOT 'the pillar of good' either.I believe Capitalism benefits far, FAR outweigh any negative consequences.
Corporatism is when these corporations lobby our politicians to write favorable legislation, get contracts, and keep competition out.Halliburton, KBR, MS, are excellent examples of this.
As a whole though, corporatism is still a by-product of capitalism, the later precedes the former. As was explained by Marx, "capital cannot abide a limit... it has to turn it into a barrier in which it transcends." Even if you ride of corporatism, something else will eventually arise to take its place. Under the system of capitalism the number one priority, way of business/life is to accumulate the most wealth. Hence, those that control the system win, the financier
@ReeceofConsciousness If you are gonna say that Corporatism is a 'by-product' of Capitalism then you could say that charity is also a by-product of Capitalism.
Capitalism is the 'means' by which you make the money, not necessarily how you spend it. Capitalism is all to often a scapegoat for Corporatism. Very different meanings. As I stated Capitalism is not the pillar of all that which is good, but it's certainly not the axis of evil either.
I always here people saying capitalism is a failure because it's not "solving" a problem THEY feel is important, and NOW... It HAS TO HAPPEN NOW!!! Like capitalism is "designed" or something. Capitalism just IS, it's noting something that changes. Even if you create something and give it away... You are still capitalizing on furthering that relationship with the person you gave to.
I can solve the problem in one easy method, eliminate income tax on individuals and corporations, and instead institute a 2.5% tax on wealth above 3 million. The money that had been going to income tax now flows through the economy, creating real demand. Thus profits go up, and since they are untaxed, they accumulate until the 2.5% haircut. If the ownership makes 6% on their investment, they still grow, just not as fast.
everyone is empowered to make the decisions that affect them. collective ownership. decentralised, participatory democracy. no gods, no masters. absolute freedom, absolute responsibility.
@kit2ng219 how close minded can you be? You don't have to be a communist or Stalinist to appreciate that Karl Marx had a some very important things to say about capitalism. Do you have a better idea?
close minded? let's just say I have first hand experience with that ideology for a good number of years... I have seen things that will never make it to your local news channel, seen horrific tragedies you wish your eyes have never encountered. It is a threat to humanity. You don't have to believe me, you just have to look at countries in asia, and eastern europe (now the rest of europe).
@kit2ng219 yes but just because the ideas of Karl Marx were hijacked doesn't render everything he ever said as irreverent. I'm a capitalist but I think Marx was a very intelligent man with new and interesting perspectives. There have been tragedies committed in the name of every ideology. A real threat to humanity would be to allow great thinkers to be defined by the people who abused their ideas.
@arenor Well there was Pinochet, the Argentine junta, the investment crisis in asia, the destruction of the Niger delta, the Russian oligarchs, the prostitution of American politics, the 2008 financial credit crisis, the de-industrialization of the west, the suicides at Foxxcon, the BP oil spill, the overfishing of the seas and deforestation of the amazon. I'd recommend a film called 'The Shock Doctrine'. I'm a capitalist but the system needs reforming
the problem is not capitalism, it is corporatism. if the government got out of the business of deciding the winners and losers in the market, everything would align itself fairly, there would be no other option.
@kungfufreddy amen brother someone needs to shoot this idiot right in the fuckin head, people who dont believe in capitalism are usually those to lazy to take part in it.
@kungfufreddy so you believe that people seeking to self-maximize, that is caring only about themselves and how they can achieve profit regardless of social outcomes, that will make the market work for the interest of everyone? essentially saying that self-centeredness, greed, selfishness, will bring forth the betterment of society and the world.
@ontheotherhandx6 way to put words in my mouth without actually knowing any of my positions. good luck with your excessively generalised opinion goals in 2012 ;)
@kungfufreddy that's what capitalism is buddy. it's based upon self-maximizing. the entire theory is that by people caring only about what is best for them, that will create the best goods and services. so if you defend capitalism, you're defending a system that is intrinsically flawed by its logic. so i could give a fuck what your positions are, if they're pro-capitalist, they're illogical.
@ontheotherhandx6 There are plenty of evil "Capitalists" who give to charity. Ever heard of Bill Gates...Warren Buffet? Your statement is absolutely ABSURD. So those looking to 'self-maximize' are evil? We should FORCE the self-maximizers to share their earnings? Absolutely ABSURD.
What you are complaining about is CORPORATISM, this country has a DEARTH of Capitalism.
@kungfufreddy there was once a time when the government didn't intervene with the market system. but that obviously turned out to be a complete fail.. monopolies began to form and we all know that's never been a good thing.. the government does good in regulating the market.. the problem arises when corporations become the government..
@PrettyMaggiee "there was once a time when the government didn't intervene with the market system. but that obviously turned out to be a complete fail."
Like the 60's? I recall the best medical treatment in the world...cheap. Before Medicaid and Medicare, etc. And no people were not in the streets dying lol. What about when gvt got involved with college? Housing? What has happened to the cost of all these services and goods since the government started meddling in them?
@PrettyMaggiee in theory, if people didn't lie, capitalism would work... but then there would be monopolies. and you dont like that so, it can never work. unless if you have another reason
@CntthnkO15 Capitalism does work whether we lie or not. I am not sure what your stance in this subject is since you have made that too vague to decipher. You are right, I do not like monopolies and for a good reason. A monopoly leaves no room for the financial growth of others, and have been known to devastate economies. In a sense, they are the epitome of capitalism and hierarchy, not a good combination..
@Greywyn7 Not necessarily, corporations need to be regulated in order to give smaller businesses a chance to succeed in the market.. What I mean by corporations becoming the government, I mean they have too much power and influence within the white house.. Where do you think big shot senators get their funding from? Not from the people. And all big businesses ask for in return, is for a little of this, a law passed here and there, and ultimately, power.
Without copyright, trademark, and patent authority monopolies are impossible... So the key to monopolies is once again de-regulation... Unfortunately this is something rarely discussed as these three things are all good things with good intentions that worked properly for a time, until abused and destroyed BY a market system. The number one holders and filers of patents, trademarks, and copyrights is no longer inventors and individuals buy corporate conglomerates..
@Daharen You have basically repeated everything I just said, only in fancier terms.. But I cant help but question your particular choice of words.. Are you accusing corporate groups of having monopolistic characteristics? Corporate conglomerates have almost nothing in common with monopolies. I think you should do some more research on the differences between these two economic entities.
What monopolies have ever existed without government approval, with the exception of local monopolies (which government can't stop) and NYSE (which no one really has a problem with). Compare the well-being and prices of the 1890's to the 1870's.
Monopolies never began to form, that's just one of the myths. For instance, people accused Rockefeller of being an oil monopolist in his day. But, in reality, it was his competitors spreading that myth because nobody could compete with the extremely low prices Rockefeller offered. Same goes for all of the myths regarding railroads companies, and everything else.
The competitors couldn't keep up, so they spread rumors and lobbied the legislators to enact laws.
@EliteKiller07 Standard Oil owned 85% of the world’s petroleum in the 1880’s,&their prices were dirt cheap.Rockefeller’s goal was to be the world’s sole petroleum provider &planned to do so by eliminating any &all competition.When a company becomes as massive &powerful,&corporations such as Rockefeller’s begin to regulate their own prices(without any outside influences)they are considered a monopoly.So,when you call it a myth, I look at the recorded evidence and see it for myself
They achieved a 85% market share because they delivered the best product for the cheapest price, how is that wrong? He made lives better for everyone by making oil much more affordable.
Also, before the anti-trust case was even filed against them, their market share went down from 85% to around 65% due to better competition.
I call it a myth because I actually look at the evidence: he lowered oil prices DRASTICALLY, invented countless products, and lowered the cost of living
@EliteKiller07 Yes,their prices were cheap, at rates no other leading oil companies could compete with.dont think Rockefeller did this to be the good guy.this was a tactic used to eliminate all completion.imagine what would have happened if standard oil would have achieved their goal of being the world’s only oil provider?the outcome would have been disastrous.
You need to understand that Rockefeller didn't have a monopoly, and wasn't even on the verge of having a monopoly. As I said, before the Anti-trust case was filed against them, their market share went down to 60% from 85% due to increased and better competition.
Also, predatory pricing (lowering prices at a lose) is another myth the general public believes. Economically, it doesn't work, and everywhere it's been tried it's failed. Rockefeller made profit with his prices.
@EliteKiller07 (continued) with no other competition left,Rockefeller would have skyrocketed his prices and the world would have no other choice but to tolerate the inflating prices. This is precisely what a monopoly is..they leave no room for economic growth of others.. imagine what a company of this magnitude would do to the world economy? monopolies are no myth. They are very real and we need to watch out for them.
@g4macdad that's a cheap shot, you're not saying anything but "your oppinion is uncommon". Personally I dont think Maggie is going far enough, goverment and corporations both work under the market and corporations are bigger so of course they'll end up with the most power, goverments AND corporations are but two forms of our failed "economic" system that wastes and fails to economize at every turn.
All socialism involves slavery, seeking equality before liberty always results in the gaining of neither.
This video is highly misleading in its conclusions, and is appealing to peoples misunderstanding of the true source of the failures of Capitalism - government.
Social-ism,Komun-ism,Capital-ism.......every thing is same shit ,all human civilizations have fall a part .We are doomed for ever ,it is in our nature. Like Rapanui people from Easter Islands.and poor DYNOSAURUSES. We will never be free and independent .NEVER!
English Version: WHY IS EVERYONE ON FACEBOOK? in Germany stupid politicians use this tool to get in touch with young girls and boys. cause they re the only ones they can still impress. then they flirt& (the stupid one, agree!) children dream of becoming their followers, wifes or whatever. ekelhaft !! disgusting !! facebook is a danger, I think.
Videoantwort erstellen oder Posten * ABER, WARUM LÄUFT HEUTZUTAGE ALLES ÜBER DIESES ZWEILICHTIGE FACEBOOK? das ist inzwischen was für politiker, die sich jung fühlen wolen & keline kinder suchen gehen, die sie dann vernschen können. auch im übertragenen sinne. die jugendlichen, die planen, wenn sie ausgewachsne sind, in die cdu und fdp einzusteigen. DIE DANN ABER NCIHT MEHR FUNKTIONIERT. IN DER ZUKUNFT. HAHA
4 One must Realize by Now That AWL illusion actually requires the hidden hand of corporate finance proven 2 deceive the last 200 years ... O YES the Global economy was Built 2 Fail ... YES
Give us the Royal Sovereign Autonomy that legally frees our MIND !!! ... 2B' ALLOWED 2 THINK ... !!! ...
@AfroGangsta10 - That's the single most absurd, uneducated "example" of socialism I've ever heard. No offense. :-) But before you start spouting opinions about something, you'd do well to actually be informed about what you're talking about. If you can show me a single example of "socialism" being like the little farm you've described, anywhere in the writings of Marx, Engels, Lenin, and Trotsky, I'll eat my hat. :-)
@drusa17 Maybe that example doesn't live up to your standards (or mine), but it surely addresses at least one fundamental point, namely, that socialism hinders hard work and ingenuity and--ultimately--human progress. That's the gist of it at least (with some corollary pieces missing of course).
@drusa17 I enjoy watching pseudo intellects of your kind writhe away at every change of climate. Attached to ideology only to be fooled up the grandiose scheme of pseudo intellectual delusion. Worshiping murders like Che, pretending that you are open minded, and keen on human nature.
So some financiers bet big, get wealthy, etc. ... many lose big ... but, on the whole, financiers have lots of power ... is that REALLY the argument? Is that what's wrong with capitalism? That seems obviously false ... so-called financial innovation piggy backs on manufacturing/services innovation which is what the bets of financiers ultimately rest on. Therefore, it's unclear that manufacturing and finance can be so neatly bifurcating as is necessary for the soundness of this argument.
@AWASHA Humans have a natural tendency to compete. It's in our nature. Putting humans under a socialist government for example, will simply not work. This is where everybody is equal under economic circumstances. One will try to find the easy way out as that is also part of our nature. .
Put humans in a capitalist government. They will compete. Thrive in which each will get what they worked for. Worked harder than the other person? You will get a better reward.
@AfroGangsta10 "Worked harder than the other person? You will get a better reward."
I guess the banks, guys at wall street and those who have big Oil Wells work harder than everyone else then, because they got all the rewards... while the bottom line (masses) suffer and then the story repeats itself.
Capitalism is all about the *Monopoly*. Sure no system is perfect, but capitalism can be just as bad or worse when this "competition" turns into "pure Greed" and F*** everyone else.
clever speech and illustration. but anyone willing to think for themselves knows this is horseshit. we didn't have capitalism before the crash. Corporatism and crony capitalism are to blame. let's give capitalism a chance before we castigate it
kennedyt 5 hours ago
787 people in denial.
inverhillsphilo 8 hours ago
"Sometimes they do get greedy, no question about it..."
My favorite sentence.... SOMETIMES?! They basicly work in a job that is all about money... they arent greedy sometimes... they are ALWAYS greedy.
DerBuuhmann 8 hours ago
i got the same opinion.... but i would choose another kind of words and phrases. He needed 11 minutes to say: "If very few people get all the money (the financiers) the others will have to live with alot less, aka. crisis" and i think he did that just because he did not want to be called an anti-capitalist... I hate this brainwashed-generation that sees in everyone that argues against the holy capitalism a traitor or (even more insulting in their eyes) a communist.
DerBuuhmann 8 hours ago
BOOO! YOU DON'T GET MY MONYE! SOCIALISM IS EVIL!
34155 15 hours ago
@34155 your money?? silly child
inverhillsphilo 8 hours ago
make this a video response to the recent state of the union address??? it happened again.
allenpryortube 1 day ago
Talks a load of shite. The drawing is terrific, though.
lolhatethat 1 day ago
He has a few good questions to raise, but he himself admits that he has not answers. Well true free market capitalism does. Some of the questions he gets at are deeper than any economic system can solve. The problem with anti-capitalism (or any political movement) is that it is rather arrogant of us humans to think we can be so good and powerful as to create a perfect peaceful society all on our own.
digifreak10101 1 day ago
@digifreak10101 Here here enlightened one, just tell us exactly whom will help us? "all on our own"...ha. And arrogance is not really a problem. well, at least not like believing that an invisible man lives in the sky is a problem.
JeffersonTFrancisco 1 day ago
@JeffersonTFrancisco Hmm... do I detect a hint of arrogance? ;)
digifreak10101 20 hours ago
This whole video is absolute idiocy. Look up "Crisis of Capitalism, The Critique". Watch it.
HumbleWillis 1 day ago
781 sensible people so far :) I just love the good old propaganda methods used by mr Harvey in his speech/presentation. "Any sensible person would join an anti-capitalist organisation" in other words if you're a capitalist you are an IDIOT, and nobody likes to be considered an idiot.
then the terror technique "You have to or bad things will continue to happen". Very intelligent guy. Shame he's an arsehol.
Yebacgugla 2 days ago
perfecteconomydotcom please go there and look NOW ! ! !
tnsradioireland 2 days ago
It should be obvious to everyone by now that what the economy needs is neither more bank bailouts nor more so-called "free" market i.e. more exploitation of people and more prophit on lesser hands. Capitalism has out-played its role and has become an authoritarian system.
@ those of you who scolds the concept of planning the economy: what do you think every big company does?
What the World need now is a socialist revolution and real freedom for the vast majority. Rise up for a Global Spring!
TheGarridgebwoy 3 days ago
12,439 likes-dislikes: 94% like. Harvey goes over the top at times. But obviously the view resonates. Regarding Rockefeller, suggest the biography "Titan," which recounts the tactics in the rise of Standard Oil in great detail. He ultimately had little control over the oil found in Russia and the Arabian Peninsula, which given the technologies of the day, precluded global domination. But that was then.
taylorw 3 days ago
The like-to-dislike ratio on this video scares the hell out of me. I don't know why we continue to listen to these failed academics. Keep in mind that the same people who're screaming that our crises is a crises of Capitalism so therefore we need *insert form of Socialism* were also saying in the 70's that the problem of scarcity is solved, we have all of this wealth, so therefore we need *insert form of Socialism*. Either way, you need *insert form of Socialism*.
It's pure garbage.
TheManiacalSatanist6 3 days ago in playlist RSA Animates
Great video! Social Entrepreneurship is the opportunity to make capitalism sustainable!
seakademie 3 days ago
I say that there needs to be a balance of socialism and capitalism. Where you can strike it rich but if not you are still given a well paid job.
rolangel777 3 days ago 8
@rolangel777 That is what we have been living in since FDR. Keynesian economics is a mixed economy. Not quite capitalism. Not quite socialism. Obviously it hasn't worked.
frionelhero 2 days ago
@rolangel777 I disagree, I dont think there's any reason any individual should have more resources than another. The only exception would be if the individual is embarking in a big project, in that case given that the individual has the necesary training to do his project, the project itself should recieve whatever resources are necesary to make it happen, not the individual. Check the Free World Charter or the Community Planet foundation to see along what lines I'm thinking
conceitarturo 2 days ago
@rolangel777 Look at it another way. Where is the rich person going to take his extra money from, if they dont take it away from the poorer person? that's why you cant have your cake and eat it too...
conceitarturo 2 days ago
YO. It's this system of Keynesian spending and corporate manipulation(corporatism) that has gotten us into this mess. Capitalism pwns, let the free markets reign.
1337wafflezz 3 days ago
We aren't practicing Capitalism in America. In true capitalism, businesses who fail because of bad practices are left to fail not bailed out. The government intervening in the market distort the signals the market gives causing people to do things they shouldn't. The government allows some business to rep rewards without risk, causing investors to take incredible, sometimes stupid, unnecessary risk. The government is making matters worse.
spyderblk 3 days ago
liberal hippie shit
erikjames47 3 days ago
Right he is!
tomtiedom121 4 days ago 2
god damn this is boring
15kinglc 4 days ago
@15kinglc you must be an idiot.
jookle1 4 days ago
@jookle1 OR... I have better things to do then to follow this boring shyt, Get a life.
15kinglc 3 days ago
@15kinglc you obviously dont have better things to do seen as you've come on here just to say it's boring, you're the one in need of a life mate haha
jookle1 2 days ago
If this is suppose to be an overview of the financial crisis, I dont think it can be taken too seriously. It didn't mention the problems of Keynes, it didn't even mention the word inflation one single time. If you want to learn about the financial crisis, read MORE Hayek, not less.... and vote Ron Paul 2012!
rwoz 5 days ago
This has been flagged as spam show
Capitalism didn't cause the last collapse. The Federal Reserve kept interest rates artificially low. The US government guaranteed home loans. This created moral hazard for the banks. They had no fear of failure because everything was guaranteed. When the pyramid collapsed the government stepped in and picked up the tab for these irresponsible companies, allowing for the whole charade to continue. The solution to this problem is not more central planning. That is what caused the problem.
saskatoon11silver 5 days ago in playlist RSA Animates 2
@saskatoon11silver Too bad you forgot to mention that the federal reserve IS NOT a part of the US government, its a banking cartel and it kept rates low because the government did not put any restrictions on it.
cheesemas46 4 days ago
@cheesemas46 Who cares whether YOU consider them a part of the government or not. What matters is that it is governments monopoly over the money supply that makes the situation possible to begin with. If people do not realize this, then the whole discussion can go nowhere, and we will for ever be fighting each other while the unscrupulous use our ignorance to exploit us in different ways.
mortalisk 3 days ago
@mortalisk The government hasnt printed its own currency since lincolns green back moron, this is solid fact and the government doesnt even deny it or try to hide it, look up the federal reserve on wikipedia or google or a U.S history textbook
cheesemas46 3 days ago
@cheesemas46 Please don't call people morons. Are you saying americans are free to choose what to use for money? I wonder who would come after me if I tried to seriously use something other than federal reserve notes for everything, like paying taxes for instance with my own monopoly money. Bernanke himself? Or would it perhaps be the police dragging me to a cage?
mortalisk 2 days ago
@mortalisk
Okay "Jarod Loughner".
g4macdad 2 days ago
@saskatoon11silver i couldn't have said that more beautifully myself..
PrettyMaggiee 3 days ago
I have to say you have a very interesting theory as to how the current crisis arose
zack11234 5 days ago
Yes the problem is obviously that people read too much Hayek. That's explains why the government shrunk in size, cut down on its debts, and lowered its regulations... (sarcasm in case you idiot Marxists can't tell).
Keeban3 5 days ago
@Keeban3 And how exactly do you measure "the value that people create"? What criteria of value should we go by? This is the problem of capitalism that us "idiot marxists" have been pointing out for years - how exactly do we measure the value of something. The oil companies provide a product of "value," but the real cost of oil is environmental destruction that affects everyone. The profits are privatized while the risk/damage is public. Stop hating and think about things a bit deeper.
TheDispatcherator 5 days ago
@TheDispatcherator
Price
Keeban3 5 days ago
@Keeban3
Though a more full answer is profit. And of course harmful externalities are a market failure and need to be corrected, preferably high rates of taxation air and water pollutants, and letting the courts take care of the rest of pollution through property rights.
Keeban3 5 days ago
@Keeban3 You mean that arbitrary unit we created that doesn't actually have any value? The price is not the value, and my point was exactly that the actual cost, the actual "price" is different from the monetary amount. The real "price" of burning fossil fuels is not "$1.18/litre" - it is immeasurable, which includes social, economic, ecological, consequences. Money's all well and good as long as people don't come to believe that money itself has value like the number-eaters on wall-street do.
TheDispatcherator 5 days ago
@TheDispatcherator
That money is arbitrary matters not, its value is determined by distribution. Consumers decide the value of fossil fuels (I already told you I agree with taxing harmful externalities, so stop attacking stray men). It only matters what the consumers want. Price determines who can get to the product with the least waste. But I'm talking economics and you are talking sociology. Since neither of us really cares about the other subject, this is where I step off.
Keeban3 4 days ago
@Keeban3
Now that I look at it, Dispacherator, my initial description of value is wrong (well, still incomplete). Forgetting externalities and government for simplicity. The value of something is how much work a person is willing to put in to society in order to obtain it. The creation of value is the difference between this price and the price the person has to pay. Profit is the best known source for encouraging the creation of value, and is an excellent marker for the creation of value.
Keeban3 4 days ago
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Keeban3 4 days ago
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Keeban3 4 days ago
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Keeban3 4 days ago
@Keeban3 no need for name calling. You catch more bees with honey as the expression goes.
ArmandoDiablo 4 days ago
@ArmandoDiablo
I used to believe that, but I found ridicule backed by reason to be the most powerful effect I can create. But different strokes for different folks.
Keeban3 4 days ago
Capitalism isn't the greatest but its the best we have now
yxrcbszg 6 days ago
The biggest error in this video is that the author mistakes counterfeit capital for "capital". The same counterfeit capital that systematically siphons value from savings and labor - through deficit spending, which supports both welfare and warfare, and fractional reserve lending and paper derivatives of capital - none of which are capital at all, but mere promises of future capital.
geomonicdotorg 6 days ago
?v=GTQnarzmTOc
infotechsailor 6 days ago
the only crap i see is this video. completely wrong. we don't have capitalism. we have the central banks of the US and europe in bed with giant wallstreet zombie banks. its that simple. we let them use the taxpayers' money to backstop their losses and to borrow at artificially low rates to leverage and buy up assets all over the world.
Keynes vs. hayek round 2 go watch it, you are VERY mistaken in your understand of hayek and his opposition to govt as a backstop to failed banks and industries.
infotechsailor 6 days ago
Companies and enterprises lobbying should be criminalized.
Troubledove 1 week ago
The bankers control the governments..that is where the problem lies. Look at Greece & Italy..both those countries are now run by bankers put in place by bankers without any kind of election and not sound was made about it by ANYONE? The federal reserve is privately run & controls the default currency of the world..the US dollar. China and Russia are now pushing for a new default currency..of their own making of course. This will not end well for the states or anywhere else for that matter. :/
InsideOUT37 1 week ago
You know to say that Capitalism leads to Corporatism and is somehow responsible for all that is wrong is sheer ignorance.
You know that cars inevitably lead death, so should we ban all driving?
Too much freedom allows people to go out and kill other people, so do we give up our freedoms?
Look just the simple FACTS. Capitalism does NOT= Corporatism. They are defined differently for a reason. Just as sanguine and sanguinary. Sounds the same but the two are quite different.
EndTheFedRes 1 week ago
Capitalism inevitably leads to CHARITY, to Corporatism, whatever. Capitalism is the 'means' by which you make the money to do ANYTHING. Whether that ANYTHING is good, or bad has VERY LITTLE to do with Capitalism.
What 99% of the idiots chanting 'anti-Capitalist' slogans are really trying to say is 'we are against Corporatism, NOT Capitalism'
TWO DIFFERENT WORDS WITH TWO DIFFERENT MEANINGS...hence two DIFFERENT WORDS GENIUSES. Unless of course the dictionary is wrong lol.
EndTheFedRes 1 week ago
@EndTheFedRes Speak for yourself, my reasoning for chanting anti-money is not corporatism (corruption), it is that money is the root of all evil, opposed to the saying about greed: the love of money is the root of all evil. as long as there is something that is given power to do anything (money), selfishness will take over selflessness.
CntthnkO15 1 week ago
@CntthnkO15
There is no escaping selfishness (I wouldn't refuse a pay raise, and neither would you). In a barter system people are selfish. In a socialist system people are selfish.
Capitalism at its best is a way of accounting so that people can only consume the value that they create (value being how much people want something relative to how available it is). This is why in properly run capitalism you can only be selfish by providing for others. Corporatism IS the problem.
Keeban3 5 days ago
JFC I gotta tell all the people saying Capitalism inevitably lead to Corporatism this...
SHUT UP!!! There is a reason different words have different meanings in this tool we call a DICTIONARY...you tools. LOOK IT UP.
So is murder inevitable in a free society? Therefore none of us should be free? Listen to what you retards are saying. HELLO! There is a reason you don't hear the term Corporatism in the corporate/gvt controlled media. THINK FOR YOURSELVES.
EndTheFedRes 1 week ago
@EndTheFedRes murder is corrupt human behavior. people aren't born with the will to kill other people and real studies by real professionals into human development will verify this. in fact in almost all cases murder, money is the underlying motivator. whether it's trying to get money from either desperation or it's pursuant of money. corruption comes from a monetary society and if there is one economical model which is completely dependent on a monetary system, it is capitalism.
ontheotherhandx6 1 week ago
@ontheotherhandx6 If there is one economical model completely dependent on money? Thats ALL 'ism's' Capitalism, Socialism, Communism, Fascism, etc. They ALL rely on income.
To single out Capitalism when it's NOT Capitalism is ignorant. Capitalism is a scapegoat for Corporatism. Capitalism enables people to do really good things, just as it enables people to do bad things. However Capitalism is NOT the enemy, you seem to be confused on the definition of it.
EndTheFedRes 1 week ago
@EndTheFedRes I can't take arguing with you and your simple-mindedness. I've brought up several points as to why greed, corruption, and poverty are inherent in a capitalistic society, and all your rebuttals are simply CAPITALISM IS NOT CORPORATISM RAH RAH RAH, without even addressing my argument. You're a child, and even if you're not you definitely debate like one, therefore you are.
ontheotherhandx6 1 week ago
@ontheotherhandx6 I apologize for my offensive remarks. I guess what I am saying is that bailing out banks and insurance companies is not Capitalism, it is Corporatism. Halliburton, KBR, Blackwater, and MS are all examples of Corporatism. They made a lot of money at one point via Capitalism. They in turn used this money to lobby gvt, for contracts, favorable legislation, and to keep competition out. This is Corporatism. Again I apologize.
EndTheFedRes 1 week ago
@EndTheFedRes I don't disagree in any way that the examples of Halliburton, Blackwater, etc are corrupt behavior, and I agree that it is corporations abusing power by throwing their financial clout around. But what must be understood is that it is inevitable for these things to happen, especially without regulation to oppose it. Think about this, a company creates a business or service and it succeeds at first, which is how capitalism works. It is not only in their best interest,
ontheotherhandx6 1 week ago
@EndTheFedRes (continued post) but it is vital to their survival as an institution that they eliminate any competition that could topple their standing in the market. This holds true to any company, even those that start with the most noble of interests. So while the theory is that competition is good for the consumer, it is exactly the opposite in the eyes of the capitalists. Competition means threat to profits, which is where corrupt practices begin.
ontheotherhandx6 1 week ago
@ontheotherhandx6 I can certainly agree with your last comment. It is my belief we need to end all lobbying (good/bad no matter). No compensation of any kind from any business. We need to take the money out of politics. SCOTUS needs to overturn the money=speech and corporations=people rulings. Only individuals should be allowed to contribute...with stipulations.
EndTheFedRes 1 week ago
@EndTheFedRes
Sorry, but it will NEVER work. Just think about it for a few minutes and you will see the truth.
Marx was right. Socialism is the ONLY answer.
g4macdad 1 week ago
@g4macdad My point is that Capitalism has/did work. It's not perfect, but it is the best 'ism' we have yet to utilize. Capitalism is what made the USA the most dominant country in world history. Capitalism has been hijacked by Corporatism, and is the media scapegoat. Capitalism does not= Corporatism. It can lead to many good and bad things but we can not put the blame on Capitalism. Corporations in bed with government is not Capitalism it is Corporatism. This is what I'm saying.
EndTheFedRes 1 week ago
@EndTheFedRes
That is just indoctrination talk.
The USA has had the most left-wing system to date. Before the French revolution capitalism was all that existed.
Do yourself a favor and take your head out of your ass.
g4macdad 1 week ago
@g4macdad Indoctrination talk? Are you out of your mind? GRAB A DICTIONARY. Look up the terms. It is not I who is confused here. The FACTS are right in front of you. So you do us a favor and take your head out of your ass. Unless of course these economic dictionaries are wrong. Think deeper you brainwashed tool.
EndTheFedRes 6 days ago
@EndTheFedRes
Someone "else's" money? Who owns the money if not the Soviets?
Or maybe you don't know the definition of that word either?
g4macdad 6 days ago
@EndTheFedRes
Thio video is 100% on the mark.
g4macdad 1 week ago
@g4macdad You stated "Socialism is the ONLY answer."
Yeah...look how well that worked for the Soviets. What about Europe's current state?
The problem with Socialism is that you eventually run out of someone else's money.
EndTheFedRes 6 days ago
@EndTheFedRes Take your head out of Ron Paul's ass and think for yourself. This is a war of language. In your mind, words like "socialism" and "marxism" have strawman definitions.
TheDispatcherator 5 days ago
@TheDispatcherator My head is out. Is yours? Are you telling me that Capitalism=Corporatism? Is this why there are two different words listed in the dictionary with two very different meanings? Now I have to ask again...where is your head?
EndTheFedRes 5 days ago
@EndTheFedRes and no worries, no apology necessary. just a civil engagement in discussion was all that was needed.
ontheotherhandx6 1 week ago
@EndTheFedRes in summation, since corruption is inherent in a monetary society and unequal societies, it's safe to say that that is where evil is born. and a monetary & unequal model of society is exactly how capitalism can be described at capitalism itself is the unequal distribution of wealth.
ontheotherhandx6 1 week ago
it'd be really nice if these Ron Paul freaks people stopped tossing the fantasy word "Corporatism" around. What you call 'corporatism' is always gonna be the end result of a capitalist society. Citing charity as a validator for it is an absolute joke. The upper echelon throws crumbs at the the bottom and that makes everything alright? We can forget about the immense amount of wealth displaced by them, and the violence in the form of poverty that they create by holding so much? No.
ontheotherhandx6 1 week ago
@ontheotherhandx6 You are a joke. Try reading the dictionary. Unless of course the dictionaries definition of Corporatism is wrong. End results of Capitalism are also charitable.
Capitalism is the 'means' by which you acquire the money, NOT how you spend it. Corporations in bed with the government=CORPORATISM. Capitalism is not the pillar of all good, but it is certainly FAR from the axis of evil you make it to be.
EndTheFedRes 1 week ago
Read the book Animal Farm, it is a metaphor for communism, specifically the Soviet Union.
TheLopsidedobject 1 week ago
Sovereign nations should exist because people should be allowed to live in countries that hold there same ideals and values, with the exception that everyone should be allowed to leave if they don't hold those same values, in other words, if the speaker doesn't like capitalism, he can go to hell, and by hell I mean China or other any other communist country.
TheLopsidedobject 1 week ago
another ridiculous marxist - an experiment proven to fail yet we must continually be subjected to re examining it 'theoretically' as though it will turn out differently this time
hieraxhideo 1 week ago
This has been flagged as spam show
My Capitalism PB&J example:
Look at that...I got JELLY on my shirt eating my pb&j sandwich. Completely the peanut butters fault, because peanut butter and jelly go hand in hand. If there was no peanut butter then there would be no jelly, and this would have never happened.
CAPITALISM does NOT= CORPORATISM. LEARN the DIFFERENCE, SPREAD THE WORD.
EndTheFedRes 1 week ago
David Harvey is right in his analysis, but the dramatic changes everyone wants to see will not materialize as the people are too easy to oppress in these modern days of machine guns.
In twenty years we will have the 99.99 % movement agitating against the 0.01 % that is still considered wealthy.
lgonggr 1 week ago
well fag boy. im NOT 23.
my das dead. my moms awesome.
im not fat.
i live in my OWN apartment in MD.
how about you?
twat waffle
classypassion666 1 week ago
I wish everybody new this, I was completely ignorant of it until I went to university and now I'm an angry person!!! Fuck the people is the capitalist motto, it's like a warped vision of Darwinism; Survival of the Greediest.
abs0lutezer0 1 week ago in playlist Favorite videos
@abs0lutezer0 look up corporatism.because thats what your angry about.
kungfufreddy 1 week ago
@arenor You bought my hat with tax dollars? @EndTheFedRes You can't have corporatism without capitalism and vice versa. It's like saying you want the "North" side of the magnet without the "South" side. Only a fundamental change of society can end the internal contradictions of the capitalist system. @kit2ng219 You are incapable of having a serious debate. Enough said.
drusa17 1 week ago
Again...
What most people are complaining about is Corporatism, NOT Capitalism.I'm not here to defend Capitalism I'm here to disseminate the truth about it.Capitalism is NOT 'the axis of evil' and it is NOT 'the pillar of good' either.I believe Capitalism benefits far, FAR outweigh any negative consequences.
Corporatism is when these corporations lobby our politicians to write favorable legislation, get contracts, and keep competition out.Halliburton, KBR, MS, are excellent examples of this.
EndTheFedRes 1 week ago
@EndTheFedRes
As a whole though, corporatism is still a by-product of capitalism, the later precedes the former. As was explained by Marx, "capital cannot abide a limit... it has to turn it into a barrier in which it transcends." Even if you ride of corporatism, something else will eventually arise to take its place. Under the system of capitalism the number one priority, way of business/life is to accumulate the most wealth. Hence, those that control the system win, the financier
ReeceofConsciousness 1 week ago
@ReeceofConsciousness If you are gonna say that Corporatism is a 'by-product' of Capitalism then you could say that charity is also a by-product of Capitalism.
Capitalism is the 'means' by which you make the money, not necessarily how you spend it. Capitalism is all to often a scapegoat for Corporatism. Very different meanings. As I stated Capitalism is not the pillar of all that which is good, but it's certainly not the axis of evil either.
EndTheFedRes 1 week ago
Most important video today on the internet.
socrev2012 1 week ago
YES DETROY THE FREE MARKET MORE GOVENMENT WE SHOULD BE MORE LIKE THE USSR BECAUSE SOCIALISM WORKS SO WELL
XXTHE12THMANXX 1 week ago
Yeah... No.... No... No Thanks.
drshlotzkin 1 week ago
I always here people saying capitalism is a failure because it's not "solving" a problem THEY feel is important, and NOW... It HAS TO HAPPEN NOW!!! Like capitalism is "designed" or something. Capitalism just IS, it's noting something that changes. Even if you create something and give it away... You are still capitalizing on furthering that relationship with the person you gave to.
drshlotzkin 1 week ago
Government involvement or polices aren't part of this presentation AT ALL? Ooookkkkkkkaaaaayyyyy
Right at the end he calls himself an "academic"... It's all you need to know. He actually believes he knows what he's talking about.
drshlotzkin 1 week ago
I can solve the problem in one easy method, eliminate income tax on individuals and corporations, and instead institute a 2.5% tax on wealth above 3 million. The money that had been going to income tax now flows through the economy, creating real demand. Thus profits go up, and since they are untaxed, they accumulate until the 2.5% haircut. If the ownership makes 6% on their investment, they still grow, just not as fast.
jdesmo4 1 week ago
@jdesmo4 Islamic taxation :)
The ultimate, genius solution, In my opinion.
Islamic banking + Islamic taxation + Socialism (unions owning factories) = Utopia
hattoosh 1 week ago
Communism, the belief that 1000 Incompetent Rulers are better than a few incompetent rulers...
Blakut 1 week ago
everyone is empowered to make the decisions that affect them. collective ownership. decentralised, participatory democracy. no gods, no masters. absolute freedom, absolute responsibility.
let's do it friends.
perthpraxis 1 week ago
he's quoting Marx.. enough said... thumbs down.
kit2ng219 2 weeks ago
@kit2ng219 how close minded can you be? You don't have to be a communist or Stalinist to appreciate that Karl Marx had a some very important things to say about capitalism. Do you have a better idea?
nbarrett100 1 week ago
@nbarrett100
close minded? let's just say I have first hand experience with that ideology for a good number of years... I have seen things that will never make it to your local news channel, seen horrific tragedies you wish your eyes have never encountered. It is a threat to humanity. You don't have to believe me, you just have to look at countries in asia, and eastern europe (now the rest of europe).
kit2ng219 1 week ago
@kit2ng219 yes but just because the ideas of Karl Marx were hijacked doesn't render everything he ever said as irreverent. I'm a capitalist but I think Marx was a very intelligent man with new and interesting perspectives. There have been tragedies committed in the name of every ideology. A real threat to humanity would be to allow great thinkers to be defined by the people who abused their ideas.
nbarrett100 1 week ago
@nbarrett100 What tragedies have happened under capitalism? Would you say TGD?
arenor 1 week ago
@arenor Well there was Pinochet, the Argentine junta, the investment crisis in asia, the destruction of the Niger delta, the Russian oligarchs, the prostitution of American politics, the 2008 financial credit crisis, the de-industrialization of the west, the suicides at Foxxcon, the BP oil spill, the overfishing of the seas and deforestation of the amazon. I'd recommend a film called 'The Shock Doctrine'. I'm a capitalist but the system needs reforming
nbarrett100 1 week ago
@nbarrett100 Thanks a lot! I look forward to watching it.
arenor 1 week ago
the problem is not capitalism, it is corporatism. if the government got out of the business of deciding the winners and losers in the market, everything would align itself fairly, there would be no other option.
kungfufreddy 2 weeks ago 11
@kungfufreddy amen brother someone needs to shoot this idiot right in the fuckin head, people who dont believe in capitalism are usually those to lazy to take part in it.
Bigmanbam44 1 week ago
@Bigmanbam44 i'd go with giving them a stern talking to. ;)
kungfufreddy 1 week ago
@kungfufreddy Nonsense. An unchecked Capital will simply own everything. Slave labour wages and child workers all over the world.
Ex0dus111 1 week ago
@Ex0dus111 because people have absolutely no say in how they want to live there lives....
kungfufreddy 1 week ago
@kungfufreddy You have a say in how you can live your life, just not everyones life.
MegaCokamo 1 week ago
@kungfufreddy Chosing 15 brands of cereal doesnt matter if they are all unehalthy.
Ex0dus111 6 days ago
@kungfufreddy That's so naive it's cute.
lgonggr 1 week ago
@lgonggr i love this comment
ontheotherhandx6 1 week ago
@kungfufreddy so you believe that people seeking to self-maximize, that is caring only about themselves and how they can achieve profit regardless of social outcomes, that will make the market work for the interest of everyone? essentially saying that self-centeredness, greed, selfishness, will bring forth the betterment of society and the world.
that is absolutely absurd logic.
ontheotherhandx6 1 week ago
@ontheotherhandx6 way to put words in my mouth without actually knowing any of my positions. good luck with your excessively generalised opinion goals in 2012 ;)
kungfufreddy 1 week ago
@kungfufreddy that's what capitalism is buddy. it's based upon self-maximizing. the entire theory is that by people caring only about what is best for them, that will create the best goods and services. so if you defend capitalism, you're defending a system that is intrinsically flawed by its logic. so i could give a fuck what your positions are, if they're pro-capitalist, they're illogical.
ontheotherhandx6 1 week ago
@ontheotherhandx6 you may aswell be talking to yourself, oh well im sure you will grow up soon.
kungfufreddy 1 week ago
@ontheotherhandx6 There are plenty of evil "Capitalists" who give to charity. Ever heard of Bill Gates...Warren Buffet? Your statement is absolutely ABSURD. So those looking to 'self-maximize' are evil? We should FORCE the self-maximizers to share their earnings? Absolutely ABSURD.
What you are complaining about is CORPORATISM, this country has a DEARTH of Capitalism.
EndTheFedRes 1 week ago
@kungfufreddy TY Kungfu Please continue to educate these people.
EndTheFedRes 1 week ago
@kungfufreddy there was once a time when the government didn't intervene with the market system. but that obviously turned out to be a complete fail.. monopolies began to form and we all know that's never been a good thing.. the government does good in regulating the market.. the problem arises when corporations become the government..
PrettyMaggiee 1 week ago 16
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@PrettyMaggiee "there was once a time when the government didn't intervene with the market system. but that obviously turned out to be a complete fail."
Like the 60's? I recall the best medical treatment in the world...cheap. Before Medicaid and Medicare, etc. And no people were not in the streets dying lol. What about when gvt got involved with college? Housing? What has happened to the cost of all these services and goods since the government started meddling in them?
EndTheFedRes 1 week ago
@PrettyMaggiee in theory, if people didn't lie, capitalism would work... but then there would be monopolies. and you dont like that so, it can never work. unless if you have another reason
CntthnkO15 1 week ago
@CntthnkO15 Capitalism does work whether we lie or not. I am not sure what your stance in this subject is since you have made that too vague to decipher. You are right, I do not like monopolies and for a good reason. A monopoly leaves no room for the financial growth of others, and have been known to devastate economies. In a sense, they are the epitome of capitalism and hierarchy, not a good combination..
PrettyMaggiee 1 week ago
@PrettyMaggiee "the problem arises when corporations become the government"
Which happens when you regulate them.
Greywyn7 1 week ago
@Greywyn7 Not necessarily, corporations need to be regulated in order to give smaller businesses a chance to succeed in the market.. What I mean by corporations becoming the government, I mean they have too much power and influence within the white house.. Where do you think big shot senators get their funding from? Not from the people. And all big businesses ask for in return, is for a little of this, a law passed here and there, and ultimately, power.
PrettyMaggiee 1 week ago
@PrettyMaggiee
Without copyright, trademark, and patent authority monopolies are impossible... So the key to monopolies is once again de-regulation... Unfortunately this is something rarely discussed as these three things are all good things with good intentions that worked properly for a time, until abused and destroyed BY a market system. The number one holders and filers of patents, trademarks, and copyrights is no longer inventors and individuals buy corporate conglomerates..
Daharen 1 week ago
@Daharen You have basically repeated everything I just said, only in fancier terms.. But I cant help but question your particular choice of words.. Are you accusing corporate groups of having monopolistic characteristics? Corporate conglomerates have almost nothing in common with monopolies. I think you should do some more research on the differences between these two economic entities.
PrettyMaggiee 6 days ago
@PrettyMaggiee
What monopolies have ever existed without government approval, with the exception of local monopolies (which government can't stop) and NYSE (which no one really has a problem with). Compare the well-being and prices of the 1890's to the 1870's.
Keeban3 5 days ago
@PrettyMaggiee Natural Monopolies are a myth.
XoticMike 5 days ago
@XoticMike how? i am curious to read your answere
PrettyMaggiee 5 days ago
@PrettyMaggiee That's why so many wealthy business owners go into politics.
naomiellison 4 days ago
@PrettyMaggiee
Monopolies never began to form, that's just one of the myths. For instance, people accused Rockefeller of being an oil monopolist in his day. But, in reality, it was his competitors spreading that myth because nobody could compete with the extremely low prices Rockefeller offered. Same goes for all of the myths regarding railroads companies, and everything else.
The competitors couldn't keep up, so they spread rumors and lobbied the legislators to enact laws.
EliteKiller07 3 days ago
@EliteKiller07 Standard Oil owned 85% of the world’s petroleum in the 1880’s,&their prices were dirt cheap.Rockefeller’s goal was to be the world’s sole petroleum provider &planned to do so by eliminating any &all competition.When a company becomes as massive &powerful,&corporations such as Rockefeller’s begin to regulate their own prices(without any outside influences)they are considered a monopoly.So,when you call it a myth, I look at the recorded evidence and see it for myself
PrettyMaggiee 3 days ago
@PrettyMaggiee
They achieved a 85% market share because they delivered the best product for the cheapest price, how is that wrong? He made lives better for everyone by making oil much more affordable.
Also, before the anti-trust case was even filed against them, their market share went down from 85% to around 65% due to better competition.
I call it a myth because I actually look at the evidence: he lowered oil prices DRASTICALLY, invented countless products, and lowered the cost of living
EliteKiller07 3 days ago
@EliteKiller07 Yes,their prices were cheap, at rates no other leading oil companies could compete with.dont think Rockefeller did this to be the good guy.this was a tactic used to eliminate all completion.imagine what would have happened if standard oil would have achieved their goal of being the world’s only oil provider?the outcome would have been disastrous.
PrettyMaggiee 3 days ago
@PrettyMaggiee
You need to understand that Rockefeller didn't have a monopoly, and wasn't even on the verge of having a monopoly. As I said, before the Anti-trust case was filed against them, their market share went down to 60% from 85% due to increased and better competition.
Also, predatory pricing (lowering prices at a lose) is another myth the general public believes. Economically, it doesn't work, and everywhere it's been tried it's failed. Rockefeller made profit with his prices.
EliteKiller07 2 days ago
@EliteKiller07 (continued) with no other competition left,Rockefeller would have skyrocketed his prices and the world would have no other choice but to tolerate the inflating prices. This is precisely what a monopoly is..they leave no room for economic growth of others.. imagine what a company of this magnitude would do to the world economy? monopolies are no myth. They are very real and we need to watch out for them.
PrettyMaggiee 3 days ago
@PrettyMaggiee
I think you dropped your tin-foil hat.
g4macdad 3 days ago 3
@g4macdad that's a cheap shot, you're not saying anything but "your oppinion is uncommon". Personally I dont think Maggie is going far enough, goverment and corporations both work under the market and corporations are bigger so of course they'll end up with the most power, goverments AND corporations are but two forms of our failed "economic" system that wastes and fails to economize at every turn.
conceitarturo 2 days ago
@g4macdad extremism is relative..
PrettyMaggiee 2 days ago
@kungfufreddy Corporatism is allowed in a capitalist system... thats why you look beyond capitalism.
CntthnkO15 1 week ago
@CntthnkO15 Corporatism is also allowed in other 'ism's' as well. To say there are no rich Socialists, Fascists, etc is being a bit near sighted.
EndTheFedRes 1 week ago
He never mentions philanthropy, typical grumpy old commie.
Planet7Station 2 weeks ago
All socialism involves slavery, seeking equality before liberty always results in the gaining of neither.
This video is highly misleading in its conclusions, and is appealing to peoples misunderstanding of the true source of the failures of Capitalism - government.
accountNo9 2 weeks ago
Loved the Lula part... haha
dtmoura 2 weeks ago
Social-ism,Komun-ism,Capital-ism.......every thing is same shit ,all human civilizations have fall a part .We are doomed for ever ,it is in our nature. Like Rapanui people from Easter Islands.and poor DYNOSAURUSES. We will never be free and independent .NEVER!
burns0911 2 weeks ago in playlist Favorite videos
@burns0911 Funny part is that he covers this retarded view in the video, it's like the first part.
thenoorys 1 week ago
Are any of you apologists for capitalism capable of NOT strawmanning socialism?
TheDispatcherator 2 weeks ago
What about the Paris Commune? @havehistory
drusa17 2 weeks ago
English Version: WHY IS EVERYONE ON FACEBOOK? in Germany stupid politicians use this tool to get in touch with young girls and boys. cause they re the only ones they can still impress. then they flirt& (the stupid one, agree!) children dream of becoming their followers, wifes or whatever. ekelhaft !! disgusting !! facebook is a danger, I think.
ThePrettyingrey 2 weeks ago
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500 verbleibende Zeichen
Videoantwort erstellen oder Posten * ABER, WARUM LÄUFT HEUTZUTAGE ALLES ÜBER DIESES ZWEILICHTIGE FACEBOOK? das ist inzwischen was für politiker, die sich jung fühlen wolen & keline kinder suchen gehen, die sie dann vernschen können. auch im übertragenen sinne. die jugendlichen, die planen, wenn sie ausgewachsne sind, in die cdu und fdp einzusteigen. DIE DANN ABER NCIHT MEHR FUNKTIONIERT. IN DER ZUKUNFT. HAHA
ThePrettyingrey 2 weeks ago
4 One must Realize by Now That AWL illusion actually requires the hidden hand of corporate finance proven 2 deceive the last 200 years ... O YES the Global economy was Built 2 Fail ... YES
Give us the Royal Sovereign Autonomy that legally frees our MIND !!! ... 2B' ALLOWED 2 THINK ... !!! ...
UKReferendum 2 weeks ago
@AfroGangsta10 - That's the single most absurd, uneducated "example" of socialism I've ever heard. No offense. :-) But before you start spouting opinions about something, you'd do well to actually be informed about what you're talking about. If you can show me a single example of "socialism" being like the little farm you've described, anywhere in the writings of Marx, Engels, Lenin, and Trotsky, I'll eat my hat. :-)
drusa17 2 weeks ago 7
@drusa17 Maybe that example doesn't live up to your standards (or mine), but it surely addresses at least one fundamental point, namely, that socialism hinders hard work and ingenuity and--ultimately--human progress. That's the gist of it at least (with some corollary pieces missing of course).
AWASHA 2 weeks ago
@drusa17 uhm how about the Paris Commune of 1871?
havehistory 2 weeks ago
@drusa17 I'm sorry my example was for simpletons and I only wrote that so the majority of youtube could understand it.
I don't see how it's absurd? Socialism was meant so everyone is simply equal. No classes, no one is better than the other.
AfroGangsta10 2 weeks ago
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arenor 1 week ago
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@drusa17 I enjoy watching pseudo intellects of your kind writhe away at every change of climate. Attached to ideology only to be fooled up the grandiose scheme of pseudo intellectual delusion. Worshiping murders like Che, pretending that you are open minded, and keen on human nature.
arenor 1 week ago
@drusa17 My tax dollars bought your hat.
arenor 1 week ago
*bifurcated
AWASHA 2 weeks ago
So some financiers bet big, get wealthy, etc. ... many lose big ... but, on the whole, financiers have lots of power ... is that REALLY the argument? Is that what's wrong with capitalism? That seems obviously false ... so-called financial innovation piggy backs on manufacturing/services innovation which is what the bets of financiers ultimately rest on. Therefore, it's unclear that manufacturing and finance can be so neatly bifurcating as is necessary for the soundness of this argument.
AWASHA 2 weeks ago
@AWASHA Humans have a natural tendency to compete. It's in our nature. Putting humans under a socialist government for example, will simply not work. This is where everybody is equal under economic circumstances. One will try to find the easy way out as that is also part of our nature. .
Put humans in a capitalist government. They will compete. Thrive in which each will get what they worked for. Worked harder than the other person? You will get a better reward.
AfroGangsta10 2 weeks ago
@AfroGangsta10 I wasn't arguing against capitalism ... I agree with the spirit of your remarks.
AWASHA 2 weeks ago
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@AfroGangsta10 "Worked harder than the other person? You will get a better reward."
I guess the banks, guys at wall street and those who have big Oil Wells work harder than everyone else then, because they got all the rewards... while the bottom line (masses) suffer and then the story repeats itself.
Capitalism is all about the *Monopoly*. Sure no system is perfect, but capitalism can be just as bad or worse when this "competition" turns into "pure Greed" and F*** everyone else.
madjunir 2 weeks ago
Is it me, or does he sound an awful lot like alan rickman?
account2258 2 weeks ago