Which problem Gary?

http://www.youtube.com/watch?v=S5-vHyKsDKw&feature=email

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News & Politics

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• Wed19TOM

[redcat362]

there's too many rich f**kers. And he's not one, so that's your problem right there.

[fulekkei]

Thanks for responding.  I appreciate the conversation.

[Malthus0]

Mystic should know by now that Gary is a Marxist in all but name. With his talk of surplus value and the like labour value. The rich will always be the 'problem for him'.

[mrgoats99]

old mystic your the problem,

[pronchie1]

No he detailed the fact that rich people earn interest on borrowed money they have lent and by moving capital around searching for cheaper labor (less costs) and more profit. The interest / wealth is what is being protected and bailed out by their government brethren. Stock piling the wealth under a pillow which earns interest by the few is hurting the system. And when they make a mistake like in Greece they get bailed out so there is no risk.

[SrRulao]

I'll pretend I don't get that you obviously know exactly what Inmendham is saying the problem is, and this video is just not another provocation... After all these years.

The problem is the inefficiency embedded in our economic system. An economic system that caters to the few(wealthy) at the cost of the many is questionably immoral, but when those few aren't even the engine of the economic system, but they extract value from it. Well, that system is just downright broken.

[KevinSolway]

I think Gary clearly said that the problem was the concentration of wealth in too few people, and too many renters. The cause of the problem is greed.

[lcbaudar]

My question is, are rich fuckers a symptom of the success of a capitlist system? In other words, would the excess revenue Gary intends on re-allocating to productive causes even exist if contrainst were already in place at the outset. Or to simplify it, without privately owned capital to invest in productive ventures, where would the money originate? In a way, this makes me think of islamic economics and how "profit is shared".

[lcbaudar]

As I understand - The "Rich fucker" problem is more a problem of capitalism and it's unbridled ability for citizens to obtain private ownership of capital. Gary is concerned the concentration of wealth by "rich fuckers" is mis-allocating money from productive capacities. Instead it's used to make "rich fuckers" even richer. Hence "rich fuckers" appearing as both cause & effect. But it sounds more to me like he prefers a communistic approach that evenly distributes resources.

[Ilikenuman]

the rich fuckers, DUH!