I know right? lol

What? Is this news to you?

This is the reason he is rich in the first place not because of a free and fair market

It corrupts everything and everyone if left unchecked.

That's why we must have the most trustworthy good charactered people at the top it's the only way.

Yet if the negotiate a good pay, get it and then don't provide what you have negotiated your supposed worth to be, you'll be fired. That's usually how it goes.

Yeah....because there is no inherent worth in your labor beyond what someone is willing to pay for it. If I had an Intel chip in the year 500 it would be, almost, worthless to people. If I spend 100 hours making a picture book (I can’t draw) it has no inherent worth. It’s worth is judged by others. If everyone wants it-value is high, it no one wants it...guess it isn’t worth much. The whole notion of this is that if my skills or product is in high demand, I can negotiate a high price. The whole basis of capitalism is that the value of YOUR labor is determined based on the value it creates for others-and that goes both ways. That is inherently more altruistic than the alternative.

@@quantumfrost9467 it's sad that companies don't want to pay anymore than they have to. You're supposed to value your employees. Not try to get them to do the most work for the least amount of money.

@@denverlilly3669 Don't you shop for the best value for your money? Why would anyone do any different? That is what employees do, shop for the best job for their skills. Employees are not slaves, they can leave anytime they want. Lilly is the correct name for you.

@@davidking4779 I never said they were slaves. Employees shouldn't feel expendable you though. Are you making fun of my last name?

... or simply a better legislation!

​@@richardpetek712there can't be free and fair competition if labourers don't have the same right to form an economic body, compete and bargain as the owners of capital. The bigger the corporation the bigger the union.

@@daskrumpl7570 But in small corporations, there are no "big unions" and laborers need a protection from the state. Laws.

@@richardpetek712 true

@@daskrumpl7570 That's actually easier to hack, they just pay off the people at the top of the labour union

We dont have a tax problem, we have a compensation problem.

They have taken hostage our government and we struggle while theirs gets rich

Everything you said is the direct result of the lack of capitalism in this country. We have a hybrid system where the government has directly created the wealth divide. Speakers like this are very misled, and as a result, will only promote more pain for the working class. It's so sad.

Some of what you are saying here is actually more aligned with neoliberalism than anything else. Neoliberals would definitely be in favor of cutting taxes.

When the government takes 35% of your check we see that as theft. But when a corporation takes 200% of the value you produce we don't pay it any mind...

Yes, exactly. Apple is the first that comes to mind, but the other corporations are just the same. 😡

But in India it seems quite opposite..

Are you quoting the same Henry Ford who paid Pinkerton Security to publicly murder his own employees by shooting into the crowd of those who went on strike because Ford wouldn't pay them enough to be able to move out of the slum camps? Are you a paid troll or do just like the taste of the cool aide?

There's also a bit of qualitative good stuff, but it's rare. And yes, that's the logic of capitalism because it's about capital not humans. When do people finally realise.....

Henry Ford was a fascist.

No one is forced to indefinitely do business from anyone. In theory, you can gather a group of "socialists" and try to build economic relationships only within this group, as much as possible. There are a few communities that do. In theory, the more the group grows, the more independent of external economic relations it can be, at the same time it can become able to select external business partners that share similar philosophical views, communes trading mostly with other communes.

I think he meant to vote for someone who closest reflects these values with policy

I hear ya, you should see my water bill. Water sure is money in my town.

@@srubberalittle That would all be well and good if it were possible to make a foothold in an established market. What do you think is more likely; 300+ million people in the the US economy all like and prefer their choice of internet provider, or the cost of competing effectively against the established internet providers is so high you would need to be rich, generous, and driven to do so? Advocates of Capitalism often say that ingenuity is the equalizer in such circumstances, but starting resources matter more than almost every other factor combined when it comes to doing well in business. When the people you want to out compete can afford to take huge losses for months or years just to kill competition and have the means to influence public policy to favor them over their opposition, how do you beat them?

@@kindredspirit9703 i agree. (Can't compete with a monopoly / mega corporation) Yet i am a capitalist. Here is my opinion. Corporations are money generators. Every single human on the planet needs millions of dollars in their lifetime. Where's all this money come from? Don't compete with corporations. Join them. (If you can't beat em join em) Bc we all need money. Gotta go get a job at some point. Sorry to break the bad news.

Capitalists... are sociopaths though

At least now he's doing something about it. He didn't have to give this talk, he didn't have to do a thing! He could've kept quiet and just enjoyed his wealth. You need money to make changes, specially we're talking about systemic changes that will take a lot of money and efforts.

Indeed but the bottom line our governments continue to use this model "trickle down" bullshit that has always proved wrong but they keep doing it. Greed works for a while so they repeat it. But since they dont want to call it greed they masquerade it but calling the opposite socialism to disguise their greed. It simply makes sense in many countries especially scandinavian countries where they dont need to have 3 cars but rather have sustainable care for all. So it may not be new to you, But let your government know their bullshit will not be acceptable. We like facts not their self interests.

And that's why a new truck cost as much as a house

It may not be new, but it has fallen out of favour. Similar to how unions shaped our modern labor laws...and now are the butt of every joke.

Henry Ford wasn't the decent Capitalist pointed out here. He was a tyrant that had his own workers killed to avoid paying better wages. Google it.

@@charlesronk2989 if it on the internet it must be true. Dude, All capitalist are greedy, narsassistic bastards, who think that labor is a commodity and that they are somehow special. It's how they justify the terrible thi gs they do. Carnegie hired Pinkerton to break up a strike that ended with some of his workers shot dead. His smelters killed on average one worker a day. My point is the profit model only works if the humanity quotient is the override. Naked capitalism is quite destru tive.

Except he is one of the richest men in the world. He had to be more than a little greedy to get there. He could have raised his employees wages or just given the money away easy enough, but has he?

Without his wealth he'd never be able to speak to the majority without backing up his opinion with real world facts .

Agreed.

Why do anti-capiralists use I-Phone, Macbook or Androids? And eat at Mcdonalds? These are all created by capitalism 🤣🤣🤣

@@anthonycosta128 See the whole video again. He also talked about Stakeholders Capitalism where Organization take decisions based on Stakeholder's perspective (considering environmental aspects) not solely based on Investor perspective where only interest is to increase shareholder's wealth.

My thoughts exactly!

US Citizen here. Yeah, we've definitely brainwashed, but there still is hope; Although I fear that more and more people are being brainwashed or coerced or bribed into supporting the status quo. Well, maybe in 50 years, after the world is bathed in nuclear hellfire, the survivors will learn from our mistakes.

hahaha haha

Lol good luck with that

@@coppercoloredmessiah911 You mean he is an imposter!?

You and Nazis want to steal peoples choices

Well said!!!!

TeaParty1776 - You and nazis want silent slaves.

Oh, crap.. another Seattle Marxist posing as capitalist. 😂😂

@@Forestien You evade the hatred of independent thought by nazis and commies. Capitalists value independent thought.

The elites were successful in indoctrinating Americans into defending unfettered capitalism.

You, guys have not seen modern russian capitalism... That is jungle for sure.

@@solarpower09 Oh...I'm living in Russia and our economy is just peripheral capitalizm. Previously I've been thinking a lot about moving to America, due to good economical potentional and high level of welfare. But right now I inderstand, that I would better stay here, exactly in Russia. Maybe our economic depends of price of oil and natural resources (we have a problem with this in 2020) but still I wanna stay here because we haven't dangerous social movements, for example BLM (my own honest opinion). We have many traditions and our our social sphere is based on conservatism and traditional values. We do not have acute social conflicts. And as in sum, I think that maybe then our president Putin (we're everyone hate his, and wanna make a revolution) will be died or killed we'll be able to create a new economical system and encourage to economical growing and developing. P.S Sorry for my mistakes, I don't use Google Translate or something like that.

There is no capitalism in Russia. Russia is a colony of Germany and the Fourth Reich-the EU. Natural resources of Russia are sent to Germany, the money for the resources go to the pockets of oligarchs, and the oligarchs then pLace those money in the banks of the Fourth Reich- the EU.

Putin is only facade of the system that turned Russia into a colony of Germany and the Fourth Reich-the EU. The only thing that can happen is that the system will replace one Putin with another.

The ruling elite have destroyed the meaning of the words “socialist” and “communist.” They’ve trained the average American to cringe at the first mention of those words. We may need to use different terminology in the future such as “community-ism”

Ayy, you’re from 2022 too! Last year, we saw so many people quit their jobs, causing major supply chain issues or “labor issues”. We’re so screwed that one of the largest companies in the US has to raise wages to get other companies to raise their own wages

They have the power to reorganize the world BECAUSE a body like the government exists and is able to exercise power through force. If the government had minimal powers, big corporations wouldn't be able to exercise such power.

Why do anti-capiralists use I-Phone, Macbook or Androids? And eat at Mcdonalds? These are all created by capitalism 🤣🤣🤣

What if most of politicians are in this 1% ? Why do these politicians want to change ???

@@anthonycosta128 that's like saying "why do people eat salt if chlorine is lethal?"

This is the heart of the problem, therefore; it is also the place to find "the" solution. I believed congress were our lobbyists, but they have been bought by hi-dollar campaign contributors, and with golden parachutes from benefiting corporations.

You benefit from the people of superior production who created mass production of cars, computers, clothes, watches, medicine, paper, pens, food, oil ,airplanes, and a vast number of things that make your life easier. This production requires freedom of property and freedom to produce, trade and pursue profit. When inferior producers rule superior producers w/force, production ceases. See _Atlas Shrugged_ for more.

@@TeaParty1776 -- So you're saying that people like Mitch McConnell and Lindsay Graham are the people who create mass production of cars, computers, and more?

@@brigham2250 No!!!!! Businessmen, not politicians, produce. And McConnell and Graham reject capitalism for govt controls. Please say how you inferred politicians from my post! Its bizarre.

@@TeaParty1776 -- Let's just leave it at this. I disagree with what you are saying, or what I think you are saying. And to spend serious time trying to iron it out on a Yahoo message board is not my idea of a good time or time well spent.

And if your neighbor prosper and you suffer, you get jealous, blame your suffering on your neighbor and demand that he should be forced by law to give you his money. This is what Mr. Gillespie didn't told you about human nature.

@@disruptivetimes8738 well IF the neighbour had been a GOOD neighbour, he would not have closed his heart to his suffering neighbour, instead of turning his back and purposed to gain even more for himself/herself...so as to gain the whole world and lose your soul..America has lost its soul.

And IF he had done this, there would need be no law passed...

@@paulawagstaff686 what do you mean by good neighbor? Why should they be a good neighbor? Souls don't exist.

@@troyhenry6111 If you don't know what a good neighbour means, use a dictionary...so...you don't have a soul? What, already sold it?

Human rights need to be the fabric of the way forward. Also collusion, which is what it is, needs to be routed out and punished for the damage to all

Revolution my friend. Only through a united, targeted effort can any real change be achieved.

Totally agree , reserve banks keep interests low to protect rich people interests, creating record high real estate prices which young people trying to buy a home is impossible.

Stock buy backs were illegal manipulation of stock under Securities Exchange Act of 1934 until Reagan undid it in 1982. Also Citizens United bullshit 🙄

@@BlueSky-vd6qh unfortunately looking at Americans, that cap is in the billions

Citizens United!

@@BlueSky-vd6qh That is never gonna work. Think about it they are already corrupt which means they are greedy. And if you are greedy you'll always want more. As stated in video above rich get richer.

That's an excellent speak that describes very accurately how it is!

Oww, George you are so missed.

But under capitalism, you would benefit from it nonetheless. It’s called “standard of living.” That is why it is so much better to live in South Korea as opposed to North Korea. The more capitalism, the better.

@@Shozb0t I'd wager that all the people whose "standard of living" falls below the poverty line share very little pride in their capitalist system. Then there's the slowest runners of course: South Korea have around 11000 homeless and over 1500 sleeping rough. - The fact that there's no safeguards built into the social systems that subscribe to the models of capitalism to prevent such outcomes; I'd call that system broken... I see little sense in wanting more of that which is already broken.

@@Stu047 There are safeguards built into the capitalist system. It's called insurance. You can buy insurance for your house, car, life, or anything that you want protected. This is an extremely solid way to guard against disastrous mishaps which may harm you or your property and leave you destitute. Another mechanism used in free economies is mutual aid societies. In the U.S., these were voluntary organizations which helped individuals guard against temporary problems that could leave a family impoverished. They have largely been abandoned as the mandatory government programs have supplanted them. One example of how the U.S. isn't fully capitalist. In fact, there have never been any fully capitalist countries on earth. Plus, for those who cannot support themselves, there is charity. The more capitalism we have, the more charity we can afford to give and the less charity is actually needed. Even with a welfare state in place, Americans give around $200 billion every year to charities. Imagine how much we would give if we weren't being forced to pay for a welfare state at all. Capitalism isn't broken, it is contaminated . . . with socialism. We have a mixture of the two systems. Every first-world country has this mixture to one extent or another. If there was a 100% capitalist country in the world, I would have moved there by now. For those who prefer socialism, they are lucky. Venezuela is right there waiting for them. Pack your bags.

That was what I was looking forward to hear; that he woke up one day and created billions of dollars for antipoverty policy. But " neoliberals" are the " boogeyman " WEAK & FOFS" 🎬 action bro. Not WORDS. that's a real principle

That was such a dumb question. "Why don't you be the only person to give your money away and be stuck in the same state as everyone else?". The point flew straight over her head.

No charge others for your political ambitions lol Not dumb, just hypocryt

Same story from the right. “Let’s fix systemic issues with personal responsibility”. Works really well in every area it’s applied: climate change, plastic pollution, inequality.

Why do anti-capiralists use I-Phone, Macbook or Androids? And eat at Mcdonalds? These are all created by capitalism 🤣🤣🤣

One year left

Exactly!👍

Try pitching this 'model' to Ferrari

@@edmmitch lul

Henry Ford created a very well off middle class by paying autoworkers well. In the 1940’s, 50’s and 60’s, autoworkers wealth rose dramatically and they had pension plans that were the envy of everyone. They owned their homes, sent their kids to college, paid for the kids college tuition so college kids graduated without debt and then they retired to Florida with good pensions. It all worked well until Reaganomics killed the auto industry and bankrupted everyone.

@@MH-jg4lq Yep, true. Reagan was truly evil. I am glad he has left the planet earth forever.🙏

Good. Now you can read(listen to) "wage labor and capital" by Karl Marx. He says the exact same thing, but in a more direct way.

Rich yet John?

Boot lickers man.

Well, we've all been fed this programming for decades, and one of the hardest things for humans to do is ti realize we've been duped for so long. I was guilty of the same thinking most of my life, but the last 5 years or so have really opened my eyes. I can't think of a better example of the millions of relatively poor farmers, industrial laborers, and rural citizens that truly believe Trump is on their side and addressing their economic concerns, simply because he tells them he is. Millions of Americans are now desperately trying to figure out how pay rent and buy food next month because their jobs have vanished, yet the 1% have gotten richer, and the stock market is doing just fine. If you try to point this out, you get labelled a socialist, or Marxist, or a 'hater of America' by those VERY people the economic system is taking advantage of. Sigh.

Your comment has reduced my faith ever further. Any rich man can feed his ego by using his position to advocate for a system that would block out his competitors once he has gathered his wealth. But you wouldn't understand that because you are among the economically illiterate.

Alli YAFF this person was talking about how people are fooled and you spun into your own thing. The op probably knows that any rich man can do it. They were stating people are falling for it. How crazy are you ?

The market should have been left to crash in 2008/9 , government bailed out corporations and left the people with their debt , DNC RNC all world 🌎 government are culpable

Maybe he's afraid of being torn apart by an angry mob sometime in the future. That's what usually happens when greed is more important than lives.

If you can't beat 'em, join em. And we'll never beat 'em as long as people get hung up on the hypocrisy aspect of this. Hypocrisy may be galling, but it is *not* a logical fallacy. You can be a hypocrite and still be *right*.

@@WWZenaDo doubt? do you see anything happen to the ultra rich in the US? people even adore them lol and they live in their own gated communities anyway.

ukposts.info/have/v-deo/aod9qat6hGx2y2Q.html

@Belial They don't "feel guilty" and they're not "afraid", lmao. They're selling socialism because they benefit from it.

if that's the best TED talk "in years" I'd hate to think how much garbage is being babbled in these talks. 🤣

There is no honesty in that...

from what I've found he's only worth a about a billion

Dirty Cadaver only?

@@dirtycadaver4462 Probably because he doesn't like hoarding all the wealth for himself when he can expand, include, and reinvest.

@@hamkahasnim670 How he says only when he won't see a billion dollar in his life. Some people just love the boot.

when poverty ceases to exist, would that mean the mega-rich would too?

Accept thats not true Capitalism awards capitalists infinitely more power then the workers. It thus follows that workers will always be paid as little as possible. And that will not change no matter what company you go to. Then there is the fact of coercion. While entering a job contact, you do so under duress. There is an implicit threat of poverty behind not accepting the job for whatever the capitalist wants. Add to that the requirement for a reserve army of labor, to have a bunch of unemployed people clawing for some crumbs and you get an inherently cruel system of slaves who think they have the freedom to choose. You can go left or right, but the roads are already build.

Well, this is debatable. Calling a TINY country of almost all 1 culture, and the highest oil earns per capita the happiest country is easy. However, take away that oil, and 30% of their healthcare funding disappears and they'll be eating each other. These countries your talking about also have THE LOWEST REGULATIONS of the free world. Businesses don't have the myriad of hurdles that other country's businesses that have navigate. Happiness is Relative. Cubans think they have the best healthcare in the world, while no American would every settle for Cuban quality of healthcare.

Did you have a look at the Danish Krone ? Its lots 40% of its valieu and is becomming a junk state like Venezuela. Nothing is for free. Socialism ends when other peoples money runs out. I ask myself how come that its always very rich people try to turn socialist ? But when you ask them to turn in their money.... dadaa they dont. The same with the climate BS. They drive big cars, own plains, large yachts. And yet they want to stop us from driving cars and going on holiday. Its all a scam. I wonder how much he is paid to tell us this BS.

@@surveysays8335 Norway is the only Nordic country with plentiful oil. All the other countries in the region are doing well too. The way they do this is from high taxes on everyone, not just the rich used to fund an extensive safety net and great educatio which they give so that if you have a business plan, you can pursue it without already being rich (enough to forgo work and chase something like software development) and to also make people be highly educated so there are lots of people with business plans and that no one is stupid enough to live in a safety net without knowing how to get out. This also means the customers are more educated so they don't fall for stupid tricks and more willing to pay for stuff because they can afford it. Then they DO regulate companies because for competition to be high we need plentiful choice and no conglomerates that own companies in multiple unrelated fields or everything in a field to just have 5 loss leaders so every company is limited to their field and so you can only do better with a better product, rather than just ask a larger company to buy you so you can go free of charge.

@@endurancemotorvlog6881 the Danish Krone is pegged to the Euro within a 2,25% band. So basically, you have no idea what you're talking about.

Magnus Juhl wel My Dear, ill tell you this. Another 10 years and Europe inclusief Will be living in a social communist distopia. Socialism and communism dont work. Kapitalism and the free market is the way to go. And you think that the EU Will save the DK. I got news for you. Have you already forgotten Greece ? They are still not out of the hole the EU put them in. Margret Thatcher was right About the EU. Its a socialist communist hellhole were rich countries pay for the poor... thats until the money runs out. I have the feeling that YOU dont know what you are talking About and dont get or wants to see the bigger picure.

@Reggie Cyde exactly. What is the opposite of capitalism the, well, Russia, the continent of Africa, China, Central and South America, Mexico, Pakistan, Afghanistan, India, I don't know pick any country, and nobody in the United States is moving there en mass for a couple of very, very, very important reasons, their countries inherently suck at treating people of allraces, Creed's, religions, cultures, whatever all those words are, we are the only country that actually treat people like of all creeds like human beings and individuals worthy of respect.

Reggie Clyde, linking totalitarian communism with egalitarian socialism is like tying U.S. economic imperialism with international aid. In both cases, the latter is perverted by greed and the zeal for domination. This TED talker is trying to save capitalism by getting rid of neoliberal economics. Unfortunately, capitalism itself is too inherently tied to greed in the guise of “development “ for our species to survive unless we change our paradigm, and some socialist principles are at least a healthier place to start.

Lol. People on here literally defending their American fascist overlords! 😐 That's what top-notch propaganda from FOX, CNN, and MSNBC will get ya.

The sentiment could not be expressed any better

@@scotmil1 Like Julian Assange perhaps.

He'll make more of a change through lobbying to then redistributing his own money. Why give a billion when you can help give a trillion

Another facile rationalization.

Political correctness is a way to ban free speech by the left.

@@jasonramirez8638 - bullshit

and football players alongside with models and singers receive millions of dollars for living a dream while ordinary people can't afford medical insurance. rationality have long been gone if it ever existed.

@@NitroMorrison17 - 95% of those celebrities you envy have nothing compared to the wealthiest 5% of the USA population. And, 95% of those celebrities you envy actually had to do something of value to reach whatever level of success they attain. AND, 99.93% of those celebrities did not use unethical, cut-throat business practices or exploit and abuse their workers. These celebrities we all envy did not cause issues with medical insurance. You actually stated the real problem: "medical *insurance*". Why is there a middle person between USA citizens and their healthcare providers? Why are insurance companies even involved and profiting heavily from anything to do with medical/dental care? This is f'n ridiculous. This is the real absence of rationality. ok enough of my drunken rambling

Commercials ARE worthless. Unbelievable the amount of money companies sink into that junk

It's true tho. Capitalists get a bad rep cause so many top CEOs are sociopaths.

thank you.

For once there seems to be sane people can also be financially successful

Rapacious is not the virtue that makes the successful capitalist. “Rational self interest” is. Rapacious is what the guy robbing the convenience store embodies.

Hoarding is a mental illness

Y00 sound like a Trump supporter rewriting history from what it actually was. The current housing bubble actually is rooted in 2019, when Trump did everything in his power to intimidate Fed Chairman Powell (Powell was nominated BY Trump for that position, btw), to lower interest rates to practically zero. Lending became cheap (like what happened in 2003 under Bush---NOT--2009), and this created a housing bubble. The bubble popped in 2008 (but it started in 2003). THEN came the financial crisis beginning in 2008/9 (caused by irresponsible lending by companies like Bear Sterns years earlier, you know, the company where Larry Kudlow was the Chief Financial Officer, although Kudlow was fired years earlier due to his excessive & blatant Cocaine use). BTW, Kudlow doesn't even have a background in economics, he's just a professional liar, peddling the same lies as Donald Trump--and that's probably why Trump made Kudlow his Economics Advisor!!! Y00 can't make this stuff up. Oh, btw, NEITHER does Trump's man (Powell) have a degree in economics, he's a LAWYER!!). Last part of the cycle: useful idiots like y00 rewrite history from what it was, because they cannot handle the truth, thus ensuring the mistakes are repeated, EVEN while hypocritically saying "we have learned nothing", Y00'RE DAMN RIGHT *Y00* HAVEN'T.

@@terryadams2652 You are so uninformed it's crazy, I could write a 10 page essay on all the stuff you got wrong in this paragraph.

@@wilson7262 you're one of Trump's Kool-Aid drinkers who lives in his own little world of wishful thinking.

In current year, everything is in a bubble and it must pop. Most of us are suffering tremendously, individual's input of money is either slowing to a trickle or stopping entirely, the output is getting more and more expensive, and yet stock prices soar. The time to change was 50-60 years ago. I think it's now just too late to turn this around, let alone steer it. The inertia the system has built up isn't going to just go away, and I'm afraid no amount of new policy will change that. I think the bubble is going to pop, most things will break, and while that will open the window for new futures, it could always end up at the worst of all possible end states.

@@terryadams2652 trump is only a symptom of the system

Exactly, so that's obviously not the issue here... Companies are making money so apparently someone is buying their products, and we are more worried about over-consumption than under-consumption these days

Definitely not... consumption does not grow the economy at all, savings and investments do

Savings and investment?? That's the neoliberal argument that's driving the increasing concentration of wealth in the top 1%. That's a pleasant world if you can afford it. Fail.

Giving restaurant workers 15 an hour which lowers jobs...makes money because now they can afford restaurants????? First of all, who saud they are going to eat out as often as necessary. Second, what about the people who LOST their jobs because employers couldn't pay that many at 15 an hour. Sorry....this makes no sense. I know plenty economists who could blow his theories out the water. Even I can see this. It's still greed or envy...greed on one had and envy of others on the other hand.

@@karenhuff2777 I also know plenty of economists and they are all insane.

no please continue!

@@mikafizz1022 that’s all I’ve got to say tbh. The video portrays a society I’m not gonna grind my teeth at. 🤣

If only he said the scary word "socialism"

@@Cyborg_Lenin why would he say "socialism"?

@@larsdegroof1209 because he talked like a socialist without saying the word.

Richard Wolfe is an idiot, stop idolizing him.

@@PseudoProphet triggered

@@jonathanaillon3777 hahahaha just telling like it is.... That's guy just can't answer any real questions.

@@PseudoProphet let's have an honest discussion. What real question would that be? in your mind.

@@jonathanaillon3777 there's just one question, how exactly the fantasy world of his is going to work? He can't expect us to adopt an entirely new system without any sorknof plan. 🤓🤓

Then credit card debt goes through the roof keeping us all enslaved! Most for life.

Credit is evil. Pay people a decent wage so that they won’t need credit. At least for the basic needs of life

Ah... Remember that we were told by the MSM that Perot was some dumb Texan idiot. We were told by them to keep the Clinton and Bush machine going. You made yer bed...lay in it!

go to school improve yourself dont just cry you arent getting paid enough

That I agree with, however, people make themselves poor. No one forces anyone to buy a smartphone, an XBox or an expensive TV even though they are HYSTERICALLY cheaper than they were 40, 20 or even ten years ago.

So if cooperation is secretly competitiveness does that mean selfishness is secretly virtue? I mean if up is really down and black is really white, why not. 🤣

Good point. That's why cooperation should be imposed from above.

@@kanayanfantv Yeah because the definition of cooperation is FORCE. It just gets dumber and dumber... 🤣

Nonsense. Cooperation to move things forward builds civilization. Go to any country where the people do not cooperate with each other and you'll see what dirt poverty looks like.

@@supralogical The critical thing Socialists also don't understand is that as a business owner in a capitalist economy I must engage in intense cooperation both with my customers and suppliers. These people are just so ignorant...

Ok Bernie supporter. LOL.

@@leonbrnstein3106 I don't support Bernie. He is too angry.

Except this video is fucking stupid. He used terms he doesn’t understand to attack ideas that he doesn’t understand. Like denying that a market is an efficient means of allocating resources? Seriously? Economists have agreed on that since literally the beginning of the discipline. There are exceptions of course, but perfect competition with complete markets leads to a Pareto optimal system. He’s a moron.

*******I thought that perhaps corporations had a responsibility not just to shareholders but also to workers and the public and the environment. ***** NO THEY DO NOT ! ... but without the consideration for the workers, and managers , NO CORPORATION can survive in todays COMPETTITIVE ENVIRONMENT , period ! ( and again NO Corporation can start/grow/survive - raise money, sell stock, etc - if they do NOT deliver VALUE/PROFIT to the shareholder(s) ! - THAT CLEAR AS MUD to anyone who has ever ran the (productive ) BUSINESS in the COMPETITIVE MARKET PLACE ! - but I guess it is not CLEAR to Nick Hanauer ! :-)

@@rogerbird5665his anger is warranted

Even the word Cap- ital-ism it's a simple pyramid system ending up communistic as we are now experiencing world wide.

There will always be a hierarchy of power. The ideal is to make it merit based and allow people to rise and fall in the ranks

@@Darthenator Obviously the crooked ones have manipulated things to such a degree that its not really even capitalism in its true form at this point. But I still see cap italism as a form of a slave system.

@@lmerlot4328 Agreed. Hate to admit it but it's true.😒

@Adymn Sani It seems in America the capitalist system was a prosperous one back in the day, but we cannot say today that that system is still what we are experiencing. I've lived here a long time and things have dramatically changed for the worse. We are now seeing the effects.

Drake Doragon Likewise, the supply of the poor depends on the existence of a few rich people.

lol the comfort of the “politicians”, depends upon n abundant supply of taxes. Business owners at least solve problems. Regulators/politicians create more obstacles for problem solvers - thereby making it more difficult for the poor.

@Manny Santiago I agree. My I phone has crappy battery life, I'm obese because Ben and Jerrys is operating a complex network of conspiracy specifically against me, and I have access to more high quality entertainment then my tiny plebian brain can handle. I CAN"T FUCKING TAKE IT ANYMORE!

@@SI29222 What you have said here is completely false, and easily provable during an economic collapse. The poor do not need the rich. They can live off the land, hunt, fish, and take care of themselves. What exactly is it that you think a hedge fund manager is going to do during economic collapse? You are not thinking. It is also pretty clear, that you have never seen economic collapse. I have. During hurricane Katrina.. and guess what? During that scenario there is no such thing as rich people, there is only survival, and knowledge of nuclear physics is not going to protect you, or get you food. Also, if you are by yourself, you're screwed.

@@terrythompson7535 rofl a hedge fund manager it's far smarter than the masses. Why do you think we have inequality? People are naturally unequal. Look at people that win the lottery. In 5 years 70 percent are worse of than when they started. Same with pro football players. Most are broke in 5 years time after they retire. The ineffective will always occupy the bottom percentage. If you think the rich are there because of luck or corruption you are not paying attention.

nope, if someone like jeffy from amazon gave away all his many billions it would raise the cost of goods due to the fact many tens of MILLIONS of people would be rapidly consuming. Jeff for example as one person whom organizes labor, but does not consume vasts amount of resources himself. just because we use dollar bills does not change the fact farmers are growing food, people are making goods, and we are trading these things with one another. give 100 million people all the money of the "rich" and you end with a depression in resources.

@@J-Bombs No one says give all money from the rich to the poor. But putting more power in the hands of workers and consumers forces corporations to innovate and create better quallity products and working conditions. It also creates more potentional for small business to thrive and lets working people have a fair shot at life.

@@ChristopheBeckers it's not about rich to poor, its about taking someones lifes work, risk, value, and time BY FORCE and taking it for yourself. Morally bankrupt ideology, this ideology is based on the use of force. As for "just taxing" on the practical you will only tax the working class as they are the producers. Thus you tax working people and responsible people for NON-WORKING people and NON-RESPONSIBLE people. Stop socializing bad choices and punishing working people for other peoples lifes choices.

@@J-Bombs How is getting the 1% to pay their share and raising the minimum wage going to hurt the working class ? U act as if people would stop working and become lazy if their healthcare got cheaper or if they got an afordable education. There is no evidence of that , on the contrary there is plenty of evidence it's the opposite !!

@@ChristopheBeckers simple, the 1% are not collectively consuming what 50% of the population consumes. Also remember it is the working class that creates goods and services which are consumed by others IF you "take from the rich" to "give to the poor" you will not REDUCE the wealth of the rich you will increase the cost of goods, decrease the value of the dollar, increase the taxes on the working class, and reduce the over all available resources. There is 0 evidence to support otherwise. also if healthcare, education, and housing are to be worked for by working class to the poor why not just make food free? at this point there is no reason to have anything cost resources or labor anymore.

You found this. So, I bet you can find that. If you really wanted to.

@@SpiderHacksaw Not if it doesn't exist?

None. He is just saying things that people like to hear so that people will laud him for it, and he can keep being a rich dude.

Robert Reich says a lot of things that are questionable. He hasn't been the best at defending his own position against more knowledgeable economists. www.forbes.com/sites/paulroderickgregory/2013/09/12/sorry-mr-reich-your-economics-grade-is-still-f-reply-to-robert-reich-2/#2c3834166b61

Nanami the goat.

well, i'm more team socialism than team capitalism but, when does he specifically defend socialism? for what i've understood he promoted a more cooperative and inclusive capitalism, there would still be disparity, although maybe not so much people on misery. of course, i believe it comes to a point when people understand that people are more important than money, then they will tend to progress to a society more alike to that of a comunism

@@San-lh8us He is repeating point by point things said centurys ago by marxist. I recommend reading the comunist manifesto, it's really short.

the world is evolving, and your view should evolve too. Call it socialism or capitalism, whatever, it has to make a better society and better life for majority

San That’s pretty much social democracy, socialism doesn’t mean you have to disregard capitalism. Marx applauded a lot of great functions of capitalism. It’s more about taming the beast so we all benefit

Daniel Serrano Jiménez, have you really read it? Because nowhere does it mention the power of the state over private profit or the expropriation of private property. For me, it seems that these days any criticism of the neoliberal system (which is not the original system of capitalism) is an attempt by an ultra-left coup. What is more ridiculous than that? and in fact if you read the founding father of capitalism, jhon locke, he said that for the last century the average worker did not need to work more than 14 hours a week. so what happened? well if you watch the video without thinking every second that this billionaire businessman is a Russian communist spy, you will be able to realize that the money that jhon was talking about moved to a very low percentage of the population (0.1% richer) and if it is that You are not a billionaire businessman commenting on UKposts, I do not see why you should feel comfortable with the current system. If you dare to read more than the first 3 pages of Marx's manifesto and then say that everything that analyzes neoliberalism is communism, I invite you to read the essays of neoliberalism, which in effect point to it being a decadent system, more or less the vido summarizes many things of the problem

Consumption doesn’t create wealth. Production creates wealth. One of the most basic laws of economics: you cannot consume more than you produce.

@@Shozb0t you're talking in terms of physical assets. In terms of numbers, consumption can go above. Let's say a luxury car has been produced at a cost of $1 million. Billionaires won't care about the price. They want that car no matter what so they'll throw prices greater than $1 million. The car producer won't accept a price below that. Edit: also without the demand, there won't be supply, at least for private goods. For public goods, private costs exceed private benefits, so no private company will want to produce public goods, such as national defence. HOWEVER, for public goods, positive externalities tend to exceed negative externalities, so society demands it but the private sector will be reluctant to produce it.

@Warren Lam $15,000 Hondas will also have a price higher than the cost of production. That is normal. A man buys a sandwich in a deli for $7. How much is the sandwich worth to the customer? More than $7. How much is the sandwich worth to the deli? Less than $7. Both parties gain from the transaction. That is a trade. Millions of trades happen every day.

@@Shozb0t that's... what I said....

@Warren Lam It is definitely true that national defense should not be private. But not for financial reasons, for reasons of principle. Government’s function is to protect the rights of all the individuals in the country and it must be done impartially. However, private enterprises will provide the military with weapons, vehicles, food, etc.

In Capitalism there is only the owner and the Employee. Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. ==--==--==--== (The solution Marx failed to see is that the distribution of the ownership must look like a bell curve. There must be a Law that controls the shape of the curve ( i.e. for each 'X' amount of citizens there must be a 'Y' amount owned that fits the bell curve.) ) THE CURRENT DISTRIBUTION OF 'WHAT IS OWNED BY WHOM' RESEMBLES A NEEDLE (I.E. A DELTA FUNCTION ) It must be made to look like a bell curve and the only way it can happen is by means of a Law that TAKES from everybody and then re-distributes it in way that makes the bell curve a reality.

Except a large portion of the claims he made are just flat-out wrong, statistically speaking.

@@gabrielblacklock3921 Such as?

@@fibonaccisequins4637 Well, for starters, he claims that "in the last 30 years, the top 1% has grown 21 trillion dollars richer, while the bottom 50% have grown 900 billion dollars poorer." We can analyze this claim by looking at the Federal Reserve's "Distribution of Household Wealth in the U.S. since 1989." I'd link to it, but UKposts likes to shadowban comments with links in them. But it shows that in 1989, the bottom 50% of housholds possessed $760 billion, which is about $1.5 trillion if we adjust for inflation. What about in 2019, when this video came out? According to this same chart, the bottom 50% possessed $1.96 trillion. That's an increase of over $400 billion, not a decrease of $900 billion as the video claims. Today, the bottom 50% is doing even better. They now possess $3.4 trillion, which, even when adjusting for inflation, is an overall increase of $1.7 trillion dollars since 1989. Also, keep in mind that the period of 1989 - 2019 was a time of almost unprecedented immigration, and most of the immigrants were coming from very poor countries. So if the economy were just staying the same and not growing, we would expect immigrants to bring the overall share of wealth in the bottom 50% down significantly. The fact that the bottom 50% gained 1.7 TRILLION dollars during that time gives you an idea of how amazingly powerful the US economy is. But of course, you won't hear any of that from Nick Hanauer, because he has an agenda.

@@fibonaccisequins4637 Additionally, Hanauer incorrectly claims that studies showed the minimum wage hike in Seattle didn't hurt any poorer workers and didn't cause any unemployment. The reality is much more complicated than that. Studies show that it did not initially cause any unemployment, but then later studies showed that it had a chilling effect on future employment, which can contribute to unemployment in the long run. Also, studies show that many restaurants intentionally cut hours from their lowest-earning workers in order to compensate for having to pay them more per hour, which resulted in lower earnings overall for many of the most vulnerable workers. Again, I'd link to these studies, but UKposts will just ban my comment if I do.

Same happened in the French revolution. That ended with guillotines. Let's hope we (all) can do better this time. But if not... well... we still have the designs....

@@MrNicoJac then a midget ruled as a dictator.

You are absolutely right, if the new more prosocial system doesn't preform better in the old system then the old system will remain and there is nothing that we can do about it.

@@MrNicoJac "do better this time" --you mean, improve the guillotine?

Corrupted government elected by people corrupted by welfare.

Then why should we have a president he gets into power make all the decisions

Based

He mentioned in his speech there wasn't a text book on his particular type of economics, actually there is, it's called the Communist Manifesto, a theory when was put into practice killed millions in the 20th century.

@@danielpascoe9638 Communism eliminated the middle class. There was only the proletariat.

@@danielpascoe9638 He is not advocating for Marxism.

@@Kindness8419 Then you apparently don't know how smooth Communism slips into people's thinking.

@@danielpascoe9638 Communism is not a state of mind. It is an economic model in which the government owns all means of production. In France, the restaurants and stores are all privately owned. In USSR, that was not the case.

rest of society ? did you fund Google or Microsoft ? and they didn't pay you back this comment section is a free gift to you from capitalism

@@abcdxx1059 Geeze...you mean they want us to PAY them for gathering data on us...oh no...Where have you learnt his to get free access, I pay 80.00 a month...so you PIRATE for free? And you mean capitalists are the ONLY ones who give free stuff..nothing is free from a capitalist...whereas Christians give without expecting anything in return...Giving IS the blessing...NOT a bigger bucket of profit.

Problem is these scumbags are irrational and have no empathy. You can't talk them out of it, and they're defended by an army of cops and military.

This topic is so complex that simple statements of truth ("greed will take hold of any government . . ." etc etc) are practically useless in the face of history. Culture changes more slowly than individuals do, unless some kind of crisis (like ww2 or climate change) pushes society to change faster. Mind you I don't disagree . . . but . . . how old is democracy? About 200 years if we use the Revolutionary War as our guide . . . but only white men who owned land could vote . . . so do we call it "democracy" in 1776, or not? If we use 1920 and the voting rights of women our "democracy" is just a century old. If we use the 1960s and the civil rights movement democracy was about a half century old but the GOP killed it last year by repealing the voting rights act. Between GOP manipulation of the vote (gerrymandering has gone on for two decades by now; this is why the hard right makes up conspiracy theories about the left; it is pure projection) and the repeal of voters' rights laws about 17 million voters of color have been stripped of their rights. The fact is both the right and the left recreate the past into the images we want for the future, so the right thinks they are stripped of their "rights" because they have been been stripped of their privileges, and the left thinks Jefferson meant all human beings when he wrote "all men are created equal," which that slave owner, who treated his own mixed blood children as second class citizens, would find horrifying. How ironic is that? The difficulty is that when we grow up privileged we take it for granted and don't question it and think it is our fair and just condition. We don't think of ourselves as greedy under these circumstances. It makes these kinds of conversations enormously complex. A side comment. I own I dislike the expression "neoliberal." This guy discusses Reagonomics, pure and simple; the "trickle down theory" as Reagan's economists named it, and it is an extraordinarily conservative theory. (So the liberal left gets blamed for conservative ideas . . . what else is new? After all, an honest name for "Citizens United" would have been "Corporate Elites United.")

@@brynawaldman5790 At least my useless statement was less than 100 words unlike yours.

I'm curious as to why you think its the best country in the world? Also what do mean by "best"? I'm not trying to argue I'm trying to understand.

Touché. My interpretation of best is biased to the fact that I have not lived in other countries or been a citizen of them. I think that given the fact that there are so many people in USA that believe in essential fairness and justice, that where my best comes from. Thank you for your question.

@@cubensis01 j)m

Im not a fan of removing responsibility from people and making them lazy and too dependent on the government. You should be able to work and prioritize your spendings and savings by yourself.

@@ErkanFromTurkey I agree. I also think that people deserve equity though, which we currently don’t have.

Murderous urges also don't go away. But building a whole systom on them is barbaric. Same goes for greed. It can not and should not be a primary mover of society.

I got the same feeling after listening to this Talk. I don't take everything at face value as something correct, but he had some excellent valid points.

Free market is bs? Did you come up with that from your vast knowledge of economics too? That's like saying chemistry is bs because you don't understand it.

@@Midtnfishing937 I don't think she's stating that a free market is BS but neoliberals only want to believe what empowers them. Corporate greed is very much alive and real. Companies only take part in what increases their profits, which they have been for years, yet I don't see the lower or middle classes benefiting from that. Trickle down economics only reach as far as those with money/power enable it to.

@@denverlilly3669 there is no such thing as 'trickle down' economics. That is not an economic theory. It was made up by crony politicians. Many of the large corporations make shady deals with corrupt politicians. It comes down to a corruption problem instead of economics. More gov't will always lead to more corruption.

Why don’t you go to cuba or venezuela then?

Also at the end of WW2 the principle was applied w/the Marshall Plan ... help Europe and Japan back to their feet so you'll have somebody to trade with.. you can't sell anything to starving homeless people (plus they tend to find guns...)

Henry Ford paid a higher wage to stop turnover on the production line. There were many caveats to qualify for that $5.00 a day.

@@kenlawson554 Henry Ford paid a wage so he could sell cars to the thousands of folks he employed building them as part of his business plan. A "guaranteed" source of cash flow and stable workforce morale... money being paid to his workforce came back into his bank accounts... decreased turnover. His critical thinking skills went beyond the lecture in business 101. And the idea that money alone isn't what keeps a worker bee happy and content in his job.

@@MrMike0921 this is very dumb

@@38vocan for dumb folks and those like GW, who simply lack curiosity... lol

Don Lachlan someone needa start a counter

I don’t even think he knows what neo-liberal means

Neo liberals right wing conservatives both equally destructive in different ways... You people are silly you believe in bullshit because your always seeking leadership to lead you because you conditioned to do so at school and now you cant see it.

It's not "neo-liberal" it's "neoliberal". Neoliberalism is an economic system. Neo-liberal just means new liberal. ukposts.info/have/v-deo/on-mrnd5oahy0Gg.html

Quit drinking, it is part of the overall process that causes this ongoing social malaise.

Jon Doe isn’t that the truth

I’m from Northern Europe, and lived in the US now for half of my life. Indeed. The educational system here makes people sheeply and non-critical System thinkers. The media here is also biased and corrupt and steer the masses.

because people dont want it to be changed, because those people actually believe that soon they will be the ones taking advantage of such System

Jon Doe it’s because not everyone believes in stealing the results of other people’s success.

​@@fredlebhart1393 Slave owners were defended with the same logic.

haha exactly!

@@cat-le1hf if they "fully replace" beef then you won't be eating beef. A replacement like impossible burgers which were found to be less than healthy. I believe I read or heard the words" should not be consumed by humans" due to the way it was processed. Believe it or not meat is good for you.

He’s telling the truth but who going to listen and worse yet, what will we do about it?

He's telling the sheep they don't have to put up with the wolves and how. Sheep lives matter too.

This may look like what you described. The thing is, he is in the best position for people to listen to what he sais. What he is talking about, is basically socialist ideas. But no one will listen to a Socialist talking about that stuff, because "Socialism = evil". But when a Capitalist of the highest order talks about that stuff, suddenly people are listening and clapping.

@Rakscha they aren't sociopaths. they're worse.

Automation is here to replace the striking worker.

@@TheClayCreature only under capitalism, when profit is placed over peoples lives.

This thinking only emboldens them so time to change our thinking!

Congress is full of psychos. They sleep soundly at night knowing that with a brush of their pen, millions die from lack of health care as they pocket the money from lobbyists etc. Normal people couldn't sleep doing that. They're worst than serial killers that kill dozens - Congress kills millions withholding healthcare, sending our kids to wars funding the military industrial complex, seizing oil fields as Trump illuminated recently in Syria, writing laws that bankrupt the middle class, distributing wealth from the poor to the 1% via corporate welfare etc. They're a bunch of psychos worst than anyone behind bars. Giving serial killers suits and ties and having the American flag draped behind them in a photo opt might sound gross but its the life of many in Congress.

The sociopaths are in charge because people voted for them. There are a lot of stupid people.

@@kail9777 I thought the same.

@@sebdhaese Agreed.

we definitely should compel students in what they learn - they should not be free to think for themselves - right on comrade!

Cavemen and chimpanzees. It was too difficult for neoliberals to figure out though.

@@Soleilune1995 Cooperation of independent minds or commies enslaved to each other?

@@TeaParty1776 "Cooperation of independent minds" would imply the choice to cooperate, and the ability to opt out of it, right? That option doesn't exist when workers must obey the orders of corporate authorities (managers, CEOs, the board of directors, voting stockholders, etc.) or else lose all income. Within our capitalist system, the workers are told exactly what they are expected to cooperate on by those who profit from their labor, as well as exactly when the cooperative task must be completed. Is that enslavement? Or is it somehow different in this case because the workers have very limited choice in where, and by whom, they are enslaved? "Cooperation of independent minds" requires a lack of hierarchy. The two sides of an exchange must have equal power, so that neither has any more to lose than the other. Otherwise, the exchange will inevitably benefit the side with more power. If the number of job positions open is much smaller than the number of job applicants, then power will always be unbalanced in favor of the employer. They have choice, whereas the workers do not. Workers need to work somewhere, or else they will starve or go homeless. This is systematic exploitation by the wealthy owners of property. The system is not voluntary for the vast majority of people. It is only voluntary for the employers who have the right to terminate workers for whatever reason. All of the power and choice is in the hands of the wealthy. It's simply the reality.

@@Soleilune1995 nonsense

@@bayoopadeyi Explain how, so that I can understand the truth, then.

I agree with you ad I am reading the exact same book, trying to still have some faith in humanity. The only problem here is to convince the remaining 1% that holds the majority of power and wealth to switch to a system that is more inclusive, sharing their wealth by paying more taxes and better wages to their employees, to allow the (disappearing) middle class to thrive and become part of the market in a way that benefits ALL, not only the CEOs and shareholders. I see that a very unlikely scenario, greed is good for the 1%!...

Like you, I also have been thinking about this for years. It seems pretty obvious to me that our social systems are broken. I have repeatedly wondered how to have an economic system that values hard work but doesn't rely on currency. Asking the right questions is key to getting the right answers. So now my question is how do we turn this train around? Hard workers should be rewarded, but that shouldn't negatively impact others. What a great talk.

nice. he says it all, they are stealing money from you. by setting way-lower-than-should-be wages.

Humankind, Rutger Bregman. A reason for hope! 😥😟🤔🙂 (See my comment below.) (Or is it "Bergman"?)

Dee Hock wrote Birth of the Chaordic Age in '99... he spelled out similar perspectives, like the VISA collaborative left out the perspective of consumers... a failure of our consciousness. sigh

They're not in bed with politicians. They own them. Like toasters.

Neoliberalism = everything should be decided by the market, including politics

Agreed its the corruption that always fouls things up. A gigantic government enables that

@@glenedward6069 No, a gigantic government is the only thing that's big enough to push back. We allowed judges and politicians legalize their own bribery. We can eventually change those laws, but we cannot change the nature of power. It's the wealthy who dream of "shrinking government so small you could drown it in a bathtub" . . . now why do you suppose they spoke of it in that particular way?

@@mnheintzelman1373 I'm not rich and I would like more at&t and such evil companies which just want to serve us. Instead of government which can kill you, kill children in the middle east put u in a cage and really really really sucks at keeping highways running.