Peter Joseph Speech on Zday 2010 (interactive) 4 / 10

Peter Joseph conference, Zeitgeist Day 2010 in New York:
Social Pathology

Full transcript at: [http://dotsub.com/view/a3bb7c17-b2c8-40ec-9df4-3ced304695b5/viewTranscript/eng]

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[iiMPR3SSiiON]

@jimmyt3411 True free-market would be an uncontrolled disaster! Every producer will start to make products worse and worse - to save money. And people competing with each other? There is no progress in competition! If your organs competed for your attention, you die in one week. People have to work together, or we're doomed!

[iiMPR3SSiiON]

@jimmyt3411 It hasn't been even tried! Why? Because current govt just fears it's efficiency! You know, to make some system based on pieces of paper doesn't work. Check this whole presentation carefully and you'll understand why. Blaming govt is not the way to go, because nothing is going to change. Water is scarce also because those producers toss every bit of garbage they make there. Why? To save freaking money! This is what this kind of system produces!

[jimmyt3411]

@iiMPR3SSiiON The reason why we have shortages of particular goods in the U.S. is because the government has interfered the market price. For instance, water is being wasted right now because many state governments and the federal government has been subsidizing millions of dollars to farmers for irrigation. The latter increases the amount of water consumed, thus leading to shortages. A central authority fixing prices for goods and services does not work, they can't efficiently manage resources

[jimmyt3411]

@iiMPR3SSiiON Those 'dickheads' that are deciding the cost of something are the consumers/producers. Study free-market economics, scarcity and surpluses are checked by the free-market, if there is a scarce resource, prices will go up to off-set any consumer demand that will waste it. It is precisely because resources are being used for profit that there is an incentive by the producer to efficiently manage them as to not waste them, and therefore lose profit.

[iiMPR3SSiiON]

@jimmyt3411 And how the fuck are human beings involved in this kind of world? See Africa and Asia, freaking USA and the rest! Is that system normal to you? Some dickheads (excuse my French) decide how much will this or that cost?! 75%, or maybe 85% of equipment is junk, made just for profit and Mother's Earth resources are wasted! We need to ask yourself: What the fuck is important? Wealth or health and well being? And make no mistake: Wealth is not well being!

[jimmyt3411]

@omhealer Economics is about resources and 'how' we manage them. Money is just a medium of exchange, nothing more and nothing less; to assume that money somehow will always make a person corrupt is nonsense, you control yourself and your money... not the other way around. The reason why we have a resource problem is because we have central banks encouraging the overconsumption of these resources. We need to allow the market to set the price of scarce resources, save and produce.

[omhealer]

@jimmyt3411 Ummmmm you do realize that we have a resource problem not an economic problem, right? Using money is just our "current" approach to give people goods and services. Right now some people have whatever they want and then some, some people struggle a little, some are comfortable, and some just die because they have nothing. All based on money. It really distorts how we view the world.

[33Crazydude]

8:24 is my area of interest

[mysterywhiteboy72]

@jimmyt3411 Any "ism" that tries to function in a monetary system will fail almost all but the upper echelon eventually. RBE doesn't use money, therefore it isn't an "ism". It is a cliche to make such a comparison.

[jimmyt3411]

A Marxist approach to solving our economic problems will not work, sorry zeitgeist.