CrossTalk: Unelected Capitalism

Are capitalism and democracy so closely entwined that one can't survive without the other? Or is it just ideological thinking which still dominates Western political culture? Is it the people who failed capitalism or capitalism that failed the people? Does capitalism offer solutions to the current global crisis? And can genuine democracy be compatible with other economic and social systems? CrossTalking with David Schweickart, Richard Wellings and Howard Gold

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Category:

News & Politics

Tags:

• RT
• Cross talk
• Peter Lavelle
• Capitalism
• democracy
• David Schweickart
• Richard Wellings
• Howard Gold
• global crisis
• IMF
• Karl Marx
• free trade
• banking debt
• Alan Greenspan
• eurozone debt crisis
• Greece crisis
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[Tressco]

Dodd-Frank is total BS!

Reinstate Glass-Steagall!!

Talking about “increasing education” to decrease unemployment is an ideology of false promise, twat!

[YouTodayKing]

I wished they'd mention chomsky beforehand.

[maxthemagition]

 Jo Blogs wants to buy a car. He will be paying high interest rates no doubt...say 20%. Who exactly are the winners and who are the losers.?.. Why the banking pinstripes are obviously the winners. They are getting this money at 1%.(LTRO) THIS IS CALLED USURY.... Effectively leads to slavery.

[kclaytor2]

What we need is participatory democracy added to the system. We need to be able to tell the government NO. We need to be able to veto laws with the referendum, and we need to be able to fire bought off representatives with recall.

The problem is that the few buy the government. We need to take our government back.

[flowewritharoma]

thanks for posting this awesome video!

[Licmycat]

It's time to draw the line...let us decide how much the evil, rich men can go. Perhaps that will wake them up so they can get to heaven eventually. Great vid, Kudos for you guys, you're doing a great job to help reveal the rich crooks behinds.

[romanophile1]

Wow the girl at 2:29, wrong sweet heart even the most "democratic", founder, Thomas Jefferson believed that aristocracies were better, well atleast the ones that are based on merit and virtue not birthright and wealth, America is based more on personal liberty, personal responsibility, free enterprise, and lastly but still important states' rights.

[PrunVeIes]

@jepkratz

I dont think socialism is works better, maybe in some cases. My comment was mainly about the Warsaw pact countries, and how the changes happened there. First people got screwed when communism was forced apon them, and then very fast it went to the other extreme when it ended and people got screwed again while some eliets became billionairs. And now because of neo-liberal economics the people in eastern europe will probably get screwed again. Politicians are banker agents.

[theartofclasswar]

@CingerNebojsa they wont,thats the plan.

[thrashertm]

@RWT683 I am with you on Ron Paul. He's my guy as well.

[thrashertm]

@RWT683 Private power can be coercive, but contracts are entered into voluntarily. This article explains how free markets prevent harmful monopolies - Google "mises fear monopoly"

[RWT683]

@thrashertm I would support Ron Paul based on his foreign policy alone, but I also support his opposition to the federal reserve, big business/banker control of the government (which he calls collusion) etc., even though I do not agree 100% with the theory he uses to arrive at that opposition. That is why he is getting support from both right and left, because they in fact share many criticisms. Austrian econ used to hold appeal for me but I cannot get over their defense of private monopoly.