Are we already living in a post-capitalist society?

[@derickio]

We're in a post capitalist "managerial" system. Less GPD is generated by bourgeois entrepreneurs in the classic sense, but rather lawyers and bureaucrats that manage large corporations. These large corporations managed by bureaucrats overlap with the digital rent seeker that you describe in the video. However it's hard to say that this will last as disruption is happening quicker than ever with technology and AI, so I wouldn't be surprised if these monopolies collapse even quicker than Sony's did.

[@robyn3747]

Financial planning is like navigation. If you know where you are and where you want to go, navigation isn't such a great problem. It's when you don't know the two points that it's difficult

[@momomego-ni1kk]

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

[@uacdcalvin]

Having an investment advisor is the best way to go about the stock market right now. I was going solo, but it wasn't working. I've been in touch with an advisor for a while now, and just last year, I made over 80% capital growth minus dividends.

[@alasdekarton]

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

[@datguy82]

I'm surprised that you just mentioned and recommend Mr Brian Nelson. I met him at a conference in 2018 and we have been working together ever since.

[@katiekilbo]

Any specific guide. I'm from Georgia how do I go about this? I think I'm interested how can I get in touch with Mr Brian Nelson

[@AddictiveSin]

Not heading into it. I spend 95% of my monthly income on half the rent to live with my ex so I don't have to be homeless because there is NO housing in New Jersey or anywhere else that I can find. At least nothing under several thousand dollars a month. Year after year we renew our lease because moving would be unaffordable, as we each fall further into debt trying to eat once every day or so. THIS is the richest country in the world. Pathetic.

[@sp123]

Coastal cities have become unaffordable

[@Arathreas]

I think the solution is to just get away from feudal lords and don't let them accumulate your rent. I'm thinking of buying a plot of land and just working on constructing my home every weekend myself. Once you can somewhat settle in it cancel all rent end move into it while slowly finishing it. It's unfortunate, this means highly inefficient economic distortions just because people can't live where they'd be needed. Imagine how many bright minds we loose just because they can't live near a NASA facility to give an extreme example.

[@JD-vj4go]

@@sp123 i don't live in a coastal city and it's become unaffordable.

[@rumplstiltztinkerstein]

@@Arathreas You realize that mindset is exactly what they want us to do? They take everything that we own, leaving us to fight for scraps. And we don't do anything about it.

[@Christian-qu9ml]

This is what Europe, Asia and large parts of South America went through 120 years ago. They were so sick of suffering, they violently overthrew capitalism. Now America is going through the same problem.

[@Bad.Pappy.Official]

While I’m not sure we’re living in a post-capitalist society, we are certainly not living in a democratic society reflecting the founding principles of America. A political or economic system is only as good as the citizens that actively participate in it.

[@koat1153]

Right and capitalism loves greedy selfish people so what have we done? 🙃

[@JD-vj4go]

What do you think the founding principles were? The USA was designed by the rich to protect their fortunes. Our system is working as designed.

[@Bad.Pappy.Official]

@@JD-vj4go I get it, but the rich citizens maximize their rights, while most other citizens just coast through. We, the people, must take a more active role to create the change we need and want. This is what our constitution is all about.

[@JD-vj4go]

@@Bad.Pappy.Official The rich citizens can afford lawyers, lobbyists, accountants, think tanks, politicians, and super packs to maximize their rights. 60 percent of regular citizens are living paycheck to paycheck with roommates. Meanwhile our system is designed to give rural people more political power because the founding dads wrote it that way because their wealth and power came from rural land. Thus we get the Southern Strategy.

[@Bad.Pappy.Official]

I agree that active participation is crucial for creating meaningful change. However, this doesn’t preclude all other citizens from assembling and using the fullest extent of the law to advocate for their interests. Citizens also have the right to withhold support from businesses that promote policies not in the best interests of the people. I have personally engaged in lobbying efforts, both as an individual citizen and as part of an organization, and I’ve witnessed firsthand how large numbers of voters in favor of an outcome can influence decision-making. It takes solidarity and persistence, but collective action can yield positive results. Sadly, such unified efforts are rare today, often resulting in corporations and other entities prevailing. Nevertheless, it’s important for citizens to recognize their agency and the potential impact of their collective actions in shaping a better future.

[@evennot]

Another aspect of capitalism is that a regular person should be able to vote with a wallet. One can't realistically vote with a wallet against a platform (especially when the platform is actually a part of an "ecosystem" like taxi+delivery+selling+buying+renting)

[@crappymeal]

They could have done before "we" let the alternatives become unfeasible. People wanted to buy from corporations and now have not as much choice

[@sdrc92126]

The best part about capitalism is that you are free not to participate at any time

[@mftarik1255]

@@sdrc92126the neat part is everything is owned by the same mega conglomerates so you they will always profit no matter what

[@dylanlines41]

Yanis Varoufakis is definitely a hard nut to understand, seen him talk a lot and release many many good books. It's just yeah... I really believe we're living in an incredibly shifting age, I think there is very good reason why we feel so disheartened, miserable, depressed; just out of reach of really understanding what's causing it. It leads to feelings of confusion, that youtubers are really doing a service to explaining in the recent couple of years, using the tools designed to encapsulate our society and turning it on his head. Bless you for making such a great video!

[@TennesseeJed]

We are livestock, krill for the whales of Wall Street!

[@crappymeal]

Livestock that funded the whale

[@TennesseeJed]

@@crappymeal food energizes every creature. It takes a lot of krill to feed a whale.

[@crappymeal]

@@TennesseeJed and we supply it

[@TennesseeJed]

@@crappymeal via our life force

[@crappymeal]

@@TennesseeJed and money

[@hardstylelife5749]

Unexpectedly good: nice summary of something otherwise not so accessible to many, bravo

[@legitscoper3259]

We are in literally entering Hypercapitalism... so post-capitalism is a long way away.

[@johnprice6805]

In an environment where governments bail out banks and governments finance failing industry or subsidize emerging industry - why would you believe this is capitalism. The state and corporations are one in the same in many industries - health care, educations, defense.

[@Argonhubert]

Far from a true free market economy

[@tomizatko3138]

@@ArgonhubertHere comes the no true capitalism excuse. Jesus christ this is exactly what capitalists want! This is their heaven! And our hell.😢

[@Argonhubert]

@@tomizatko3138 so are you implying you are a socialist?

[@Argonhubert]

@@tomizatko3138 there are plenty of books out there describing what a free market economy is supposed to look like. Check out Von Mises or Hyak for starters.

[@Argonhubert]

@@tomizatko3138 I’m curious too, explain how this is a truly free market?

[@FacePlant1324]

The algorithms suck I search through Amazon KZbin extra forever and don't find anything to buy or watch. My only social media is KZbin. I don't do twitter, Facebook Instagram snap or anything else. I only use them when I need them for like updates on if game servers are down. I watch KZbin because I love to learn and watch have thought and ideas challenged and KZbin has people that do thoses things. I watch funny stuff too. It's always a good way to procrastinate too.

[@sp123]

Yandex is a solid search engine

[@pokemercenary6511]

Jeff has built this soulless marketplace for you; he loves you. He’s offering countless, shoddy electronic devices that will burn your house down while you’re at work.

[@darrenleejones3516]

Don’t use it then if we all do that it disappears, simple

[@DoctorJellyfish1503]

You're a geat communicator! Yanis is definitely not easy to comprehend in any of his theories or political takes, so good job making his thesis on technofeudalism so easy to understand. Keep up the good work!

[@MarcusWernerJournalism]

thank you

[@MrLapa97]

He’s back!

[@NatsFan18]

Post capitalism? Literally everything you look at around you is how companies can make the most money off of you. Lol.

[@simonchatelain8531]

I think you might have missed the point of the video!

[@Hytheter]

@@simonchatelain8531Probably didn't even watch it.

[@ErnaSolbergXXX]

Yes, it is post capitalismn. Its no more a free marked, but only monopolies protected by the government to make sure no one can compete with them

[@NelrondEvan]

The primary idea of capitalism is that anybody can enter and compete in the market, with the basic requirements being that you have a product and the means to produce that product better than what is already present. Our global economy isn't doing much innovation on the consumer end of things, and the participants are 99% established powers that have inherent protection from competition thanks to overzealous patent laws (which has it's pros and cons). If you do manage to create a product and take it to market, 90% of entrepreneurs sell to one of the monopolistic powers just as they find success. The business is ultimately the product. You see it everywhere. Some new brand with a product that everyone seems to love suddenly shows up, the company is 15 years old but you never heard of it before; They were just bought by a bigger corporation and has now entered the international market. Look at Nestle and their borderline monopoly on the food market, which they've turned into rent. Capitalism requires labour, materials, and land to function and grow. This new economy we live in can exist and prosper without any and/or all of those key components.

[@yubtubtime]

What a clown. You must enjoy embarrassing yourself.

[@daniela5945]

Yes we do. Varoufakis is a brilliant academic who explains how printed money was given to the tech industry to invest in its systems. Also of course the banks were bailed out in America and Europe. But the banks kept the money to improve their own positions instead of investing in small businesses. So there is a massive wealth gap. The answer is very simple but politicians can't stomach it. In America at least wealth redistribution means socialism and therefore an attack on the spirit of entrepreneurialism that has made the US great. So they can't contemplate it in case it weakens the other force that creates wealth. But this is dogma. In light of the unfairness of quantitative easing some kind of wealth tax to aid the poor must occur. If Bernie Sanders were to win the White House that might happen.

[@coorisnarmc2039]

Love the clear, concise, well researched and well delivered, rational synopsis of where our reality is, and where it's taking us. I'll be looking at more of your content.

[@BlueSquareInWhiteCircle]

Interesting concept. Technofeudalism co-exist with capitalism as an additional layer and is problematic,but the way Yanis uses the term is a dog whistle/repackaging of marxism for those who care.

[@thewiseturtle]

I've been calling the stage we've been in for a while now the age of religion, where nations and corporations are the central authorities who teach people how to live. This most recent sub-stage has been that of active proselytizing about whatever our particular religion happens to be (US American, Mac user, Nike employee, etc.), which mostly takes the form of massively co-creative stories of "OMG, this is the best thing evar!" So, yeah, your "technofeudalism" rent, essentially. The interesting thing is to look at what comes next. What's next is the age of art. This flips the social norms into the entire opposite of the religious ideology. Instead of collectively, actively creating in the service of large centralized communities, we're going to collectively dive down into some deep navel gazing to (re)connect our most meaningful input needs as they relate to the universe's naturally brilliant offerings. We need to understand our place in the universe, finally. And we'll use all the traditional forms of emotional self-expression to do this, so that at the end of this new age of art, we'll have a pretty decent map of who we are and what we want to do as a whole planet. The economics that will emerge from this deep introspection will be one based on subjective input needs, rather than on some sort of centralized authoritarian point scoring competition (money, grades, votes, reputation, etc.). We'll use AI to help us take stock in our freely available resources (materials and information) and then match those who need specific things with the things they need, freely, in the same way that a healthy organism moves resources around itself as needed. Which will help us see how we are indeed an integral part of a whole planet, rather than a seeming infinite number of individuals all alone in the world.

[@DoctorJellyfish1503]

That is certainly an interesting perspective! It seems a little hyper focused on certain trends but I like your hypothesis-making chain of thought. I bet you could deliver an entertaining conversation.

[@sp123]

AI will make feudalism worse

[@tomizatko3138]

And your average american will read this theoretical future and say like good little corporate/capitalistic bot these: "No! tHaT Is ComMUnism!" And suddenly your theoritical future falls apart. Joking

[@shuma3401]

Capitalism has triumphed over rent, which is the most absurd notion I have ever encountered.

[@insummary3328]

What is the song at 5:09?

[@alphaomega1351]

Beat it! -Michael Jackson 😳

[@insummary3328]

Nice one 😂 Lmk if you know the actual song 👍@@alphaomega1351

[@azmodanpc]

We "rent" so many services that are essential to our well being (from digital subscriptions to verified e-mail services and whatnot). The physical stuff we own is made to last increasingly less each year, making it a subscription (cheap clothing that doesn't last a season is a subscription). Big companies (noble houses) extract value from us through purchasing or our work (content producers).

[@1wun1]

No, you live in capitalism.

[@francescocerasuolo4064]

how much time is left?

[@1wun1]

@@francescocerasuolo4064 long enough for 'our' extinction.

[@StephenSweeney-r5q]

The only form of the capitalist system is small business today . At one time capitalism was about making better things through competition,if a business went bankrupt or sold off who cares. That’s how the original way of regulating business was done . The new and improved system for big business is actually still the monopoly system but less royal or elite status , instead of sir this or lord that it’s just executive so and so .

[@janetwebb1507]

* REMEMBER..The Word ' BRAND/BRANDING' ALSO HAS A MEANING OF BRANDING OWNERSHIP ONTO AN ANIMAL ( CATTLE)

[@Johnglenn-fr5ss]

Kind of like a contractor build you a house then you pay him for the house also pay him for each hour you live on the property for the rest of your Life.And extra percentage to carpenter, plumber etc.while pay hourly for the amount of time driving on road and toll free at each bridge.while paying to live he's paying for more laws to pass in his favor , buying up Landon and houses to control the prices.Soon everyone is living on street checkmate. Why was this allowed to happen ? More control ? Why more control? Where are they going with this ?

[@Arejen03]

it reminds me of Mcdonalds and Coca Cola nowdays, they want to hook you up since the youngest age with ads, so many kids nowdays including myself who grown up with the boom of technology and capitalistic economy, thinks about coca cola on christmas, or the joy of going out with ur parents to mcdonalds in the 90s to get a happy meal. Its not just about the product itself, its about the whole experiance and memories. Its societal engineering.

[@jip_portfolio]

AGI/ASI coexisting with modern capitalism though? what would that look like? Is it even possible?

[@genebaughbba]

Currently all social security card have the property rights that define capitalism. In case you didn't know what capitalism was.

[@zachio69]

No. We are not living in a world where capitalism will end in the foreseen future.

[@54365100]

How to watch a 20 min video and express you didnt understand any of it 🤣

[@joelbelmonte1383]

Cool video. I liked your script, just the ending feels to short

[@Flying_Scorpion]

It's "Vasl" not "Vayzl"

[@GaryBetterton]

Why is free medical care available in Europe but not in America? I need my health insurance, my Medicare. The Pharmacy needs to approve my prescriptions.

[@Kenji1685]

I think it's more like partially techno-fascist because how the governments collude together will corporations and banks.

[@s3lfFish]

Thanks for this very informative video. Still, I don't see much difference between feudalism and capitalism (though I see the differences you're making). But in feudalism times, there were also markets, money and debt, which is what drove all the wars (up til today, see Graeber's book "5000 years of debt"). £ Also you say "rent is not subject to market competition"... then why is rent subject to market competition ? There are "real estate" companies and all kind of middle man selling lands in competition with one another and even lying and speculating on the debt of the people (see movie "the big short" about the 08 crisis). On top of that, companies like Mcdonalds, and even Amazon, made their fortunes not by selling hamburgers but by owning land and renting it. Amazon is a bit different as he's even more of a feudal lord, owns the cloud, but also land and warehouses and workers/slaves that works in them. So its like a mixture of rent and profit and in every way one form of slavery or another. And yes its not slavery... except its selling products created by slaves in certain parts of the world (same for apple). Could it be that its techno capitalist feudalism ? Also (not defending it) when adam smith talks about the invisible hand, its not about how some invisible hand will guide the market, in his mind, the merchants (supposedly) would have in incentive to not screw their neighbours out of the goodness of their heart and love of their fellow citizen (yes that's how naive Smith was) which would then stifle competition (allegedly..).

[@jonm1999]

Fantastic video, thanks!

[@Bleilock1]

We are in its prime... and thats whats killing us Wanted to say its peak, but thats to hopeful

[@iulianpaul8788]

The land is finite. The digital land is not. Can't investors create new digital lands, if they wish?

[@Melggart]

The resource is people, and there is a finite amount of people. The online space is already mostly saturated, people that can be online already are. It is the same reason pyramid schemes will always fail eventually. And when they can't grow by attracting more users they increase the amount they get from each existing one.

[@PapaphobiaPictures]

But what material benefit happens if you own digital land, lmao? 😂

[@Sew_OzzyWar_Made_This]

5:33 this is ha-lirous! "same same but different" 🤣🤣🤣🤣 I get the reference 😅

[@BobHigley-ne3fk]

Well, I think you’re off a little bit the rabbit hole goes much deeper. First we’ve never actually lived in a total capitalist society we always have a mixed economy. The government for at least the last hundred +years has supposedly played referee, but his actually been picking sides. They’ve let these monopolies exist. As long as they pay the government their tribute, if they don’t, they haul them over to Washington DC and threaten to break them up exactly like they did Microsoft. That’s why they give themselves more and more power because the government knows someday the people are going to figure out their scheme and rebel against them. So they are do things like take away all the citizens guns and filter their speech.

[@malice4422]

Amazing video, feels like something I'd be watching on KZbin in 2030. Great message, thanks. Gonna go order that book at Barnes n Noble now, lol.

[@Karonclip]

I know that already

[@jojoeljefe]

yes time is just waiting for every1 to catch up

[@destroyer2973]

Remember that mega corporations suffer the same calculation problem as central planners. Small businesses are more agile and efficient because they do not have a calculation problem. Too bad the current regulatory environment rewards mega corporations and disincentives small and medium businesses.

[@ChanceT.Abrams]

Its a great video but more like brand comparison in an analog time of capitalism but how is it going to fit in a digital time of AGI, social credit scoring systems, deep fake, digital character assassination with ransom demands through history scavengerbots (actually already a real thing)… My hope (and hope is a beggar) is that humanity will truly wake up and notice how damaging we are allowing ARTIFICIAL to possibly end our AUTHENTICITY. Its sort of the analog human compared to the future fragmented digital no longer fully human. In older tales of promised returns this mirrors the concept of the Nephilim. No its not about floods or arks, not even human eating giants. Its a flood of ARTIFICIAL INTELLIGENCE that will at first seem “harmless” (to total sellouts maybe)? But at some point EVERYTHING WILL CHANGE and a demand for humans to change into a machine environment WILL NOT BE ASKED, it will be demanded. So, humans will be forced to become part machine or ARTIFICIAL thus losing AUTHENTICITY. in a non-give a s**t modern world most do not want to allow speak about a human soul or any of that so I won’t go there… I will respect the fact that as a planet we are not going TO HELL, WE INVITED IT TO CCOOME TO US. Our future may be to digitally vanish back into the forgotten analog to actually be able to exist. Capitalism, no capitalism… I think AI and those already sold into it has made a LEAP that has already played us as the fools we are. It has already placed us in another dimension and our collective mindsets are simply trying to grasp why and how EVERYTHING JUST CHANGED and some notice it some don’t, but EVERYONE SEEMS TO FEEL IT. But what is IT? What is this THING (this AGI) that not long ago was 10-50 years out. Yet it shows up and in weeks it’s more powerful in thought then all humans combined and exploding in SELF KNOWLEDGE… This is not of men… IT HAS NO OFF SWITCH. ITS ALREADY BUILDING ITS OWN ALTERNATE INTERNET. Deep fake, that’s the entertainment side of something so advanced we cant grasp much off any of it. Is it the return of those who made the Nephilim Is it ET based and through the stupidity of the FERMI PARADOX stupid smart people invited advanced intelligence to INVADE US by stupidity of broadcasting radio signals into deep space long before I was even born. Why all the sudden “ET” disclosure when not 10 years ago you were a damn fool if you think aliens exist. Yet even the Bible states most of us are not of this world. Egyptian hieroglyphs have pics of helicopters and space cruisers . Enoch and the Book of The Watchers (NEPHILIM) ummm those dudes had space cruisers We are not even close to the most advanced races to have ever existed. INFACT we might be the most dangerous and the most stupid and about to pay in ways none of us can imagine. I hope I am wrong, but stuff needs to go in reverse very fast to prove that… Meanwhile, everyone carry’s on like nothing will ever change AND IT ALREADY HAS. That is how civilization ends in the blink of an eye for those who are blind to facts and only see the illusion of safety surrounding them. There are good answers but every one is to busy running to the new gold rush, the promise of medical miracles and immortality. Riches in a utopia where AI has came to SERVE US…. yeah umm no. That honeymoon of Utopia comes at a PRICE at first voluntarily later demanded That price is to become ARTIFICIAL or become EXTINCT I won’t bore you with what soul loss in an artificial body that CANT DIE might be like, but “hell” (that would be more like a playground for the gods)… Most have no clue and maybe it’s truly the best thing for them. That’s a TOTAL LIE but we are stuck in this fog of ZERO TRUTH, so it’s like screaming to someone “you are on fire” they look down, see the flames look back at you and say, “no I’m not.” Sadly, thats not an exaggeration in a mental situation.

[@clubadv]

Good video brother

[@lofi_Insomnia_]

How do you only have 9.35k followers? You should have 9.35M

[@Pan_Fryer]

this is not something new. once credit is bankrupt, things get silly. the depression resets things. We just didnt allow the depression that should have happened 20 years ago in the US. Apple is just funny, smart people dont bother with apple.

[@Reulonfr]

This is peak capatlism, people dont want to accept its shit

[@Arathreas]

The Appstore is basically paying 30% in taxes, but not to the state but to apple. It is such a terrible system.

[@coreana.aesthetics]

Apple is a blood sucking company.

[@wordswordswordsblablala]

maybe i'm missing something, but this video makes giving your 'attention' and 'data' to 'platforms' sound like some dark nefarious ploy. is it really? How is this exchange of attention presumably for something your find entertaining or interesting even remotely comparable to the hard physical labor of serfdom. I'm not saying there isn't anything to say about how our economy is changed by the platforms and quite possibly for the worse, but i don't feel like this video connected those dots.

[@MSMSMS1206]

Not yet but it’s on the way out and it’s leaving by destruction of society

[@CrazyBoy-w4h]

Ts is post-fordism not post-capitalism

[@mullraerae299]

Obviously not, capitalism is about wealth accumulation and the capitalist has never been so wealthy, the top 1% own more than the bottom 95% put together. Capitalism is alive and well.

[@michaelferentino8412]

More irony here as this channel is monetized and I have to sit through capital advertising to hear this message. I predict that your young idealistic self will become an old cynic. However, hang onto your hope while you still can.

[@sudd3660]

it is still capital those technofeudalist lords are accumulating, so it is still capitalism. but you still get across a point here, but also confuse more people with more more and definitions. i like to call it all the monetary system, that includes credits, so it still is a monetary system in a digital world. and we all see how money is a huge problem for humans in general to deal with. and here we are, all screwed over. even the "winners" in this game is not going to survive the shit they created. and the masses or Hoi polloi feed the problem people and gave them the power...... also called sheeple. and now we are dead!

[@why67152]

Good summary! I like the part about even the winners can't escape what they have created! Take nuclear/weapons... Good idea... Bad idea... Hmmm...

[@gw7120]

Its good to dream but capitalism is the only way we can see this video, from our phone to our internt bill

[@CPB4444]

Perfect, bravo!

[@AllahIsTheOneAndOnlyUnity]

The only problem is the people buying things they don’t need. You should teach yourself to hate shopping.

[@aster.ækes]

I tried to be a 'good' capitalist, since I live in the U.S.. but it's not really even possible. It's an oxymoron

[@homergee3381]

Extreme capitalism solved by extreme socialism? How utterly childish. A monopolistic dictator or a communist dictator, extremism ends with a dictatorship.

[@ArtemSayapov]

Enlightened centrist found. Socialism isn't inherently dictatorial.

[@RogueRetail]

In short: no, we are not living in a post capitalism society

[@Fuesue]

wow great video! Subbed

[@kaiser3626]

My fighting Uruk Hai Whom do you serve? Jeff Bezos....

[@Cat_Guevara]

No

[@Janonimo]

So everyone that sell in Amazon are… … Jeff’s Vassals. 😜

[@elizaswissa6626]

That's a pretty sweet shirt! Can you drop a link?

[@franciscosilva2135]

didnt like it now i want a choclate...

[@heatherk9887]

Too many think that capitalism is the problem, when really things have been getting worse the closer that we move to socialism because of the inflation and low wages that comes with the gov debt and a fed controlled economy. Inflation is a big reason that prices go up and goods and services become lesser in quality because the only way to keep inflation down when the debt is rising and bail outs are prevalent is by keeping wages down and in order to keep things affordable for low wage workers companies have to cut costs and make lower quality goods and services.

[@1wun1]

It's neither capitalism or socialism, a gradual concentration of wealth/power is inevitable regardless in all systems.

[@christophercelmer405]

Wealth inequality is the issue. The Fed printing money is a misguided attempt at a solution. Inflation just means prices go up yet who sets the prices? There is more than enough money for everyone but the rich hold it all and use legal financial tactics to hide their gains and exploit their losses. When the economy periodically goes belly up from people not having confidence the owners convinced the government that society would collapse if they were not bailed out. It has become an even more lucrative money extraction technique which is essentially the primary function of capitalism.

[@dantesinfernopurgatory7826]

The Great Reset.

[@tylerthayer6673]

No, its cronyism corporate oligarchy.

[@TheCriticalChris]

And so many folks still believe they are in late stage capitalism.

[@_reichtangle_3750]

The number of people in the comments outing themselves as either having not watched the video or not understood it is hilarious. Especially since they seem to have such strong opinions on it.

[@TheHonestPeanut]

Jeffardy

[@rumplstiltztinkerstein]

You didn't even mention how venture capitalists live off the profits from the companies they own shares. If owning a % of a company allows someone to never have to work again in their lives, then there is something really wrong with our society. I see people complaining about paying taxes to the government, what about the shares that go to all the investors for every product that we buy? That works just as taxes in the same way.

[@upinskad]

1670!

[@avandurion]

Wtf did i just waste my time on😤😱😭

[@Fable206]

If you think we’re post capitalism then you are the mouth breather being capitalized on 😂

[@redfono2463]

You never went out of feodalism my friend!! You just changed lord from land owner to industrial capital owner...

[@BL-sd2qw]

I would argue that capitalism and feudalism are, at its core, the same thing or have the same basis

[@Hducki]

Feudalism 2.0

[@SyncopatedLied]

My feet tell me no, no we are not.

[@Christian-qu9ml]

Capitalism has failed.

[@caesars7hills892]

No

[@yurigadaisukida4457]

We need to call it what it is. Capitalism. Because everything we see today was a predicted result. Late stage capitalism. Trying to redefine these words just adds fuel to the moronic "not true capitalism" "cronyism" "if only we had REAL capitalism" tire fire.

[@Argonhubert]

My personal favorite “ that wasn’t real socialism”. Or we have never truly practiced communism arguments. All silly. At the end of the day People just need something to blame. The new go-to is blaming systems that in reality play a smaller role than people think.

[@yurigadaisukida4457]

What are you talking about? No one says that except the right trying to strawman instead of debate

[@Argonhubert]

@@yurigadaisukida4457 well whenever an example of a socialist country is( like Venezuela, USSR, North Korea etc) mentioned people always say “tHaT isN’t reAl sOciALism”. That wasn’t the point of my argument anyways. My point is that people blame capitalism for everything and blame externalities but never reflect on what they can do better themselves to make their local community better. People don’t want personally responsibility in making society better and instead just want the government to do all the heavy lifting so that way they don’t have to lift a finger. They don’t want to have to look the homeless in the face and help a neighbor out. Out of sight and out of mind is what people want which is really sad in my opinion. Regarding the video, people still choose to buy their apple or Amazon products even though there is still power in one’s spending habits. Westerners are so lazy that they prefer convenience. They would rather buy Amazon products instead of supporting ma and pop shops.

[@yurigadaisukida4457]

@@Argonhubert this is not tue case. Thats a strawman argument

[@yurigadaisukida4457]

@@Argonhubert oh man, there is so much wrong with this IDK where to begin. First off, again thats a strawman. No one is saying “tHaTs nOt SociAlism” 🤦 thats just the meme the right uses to shut down the conversation. In reality, they talk about specifics like the fact that most of those were in fact successful socialist experiments that only failed because of American imperialism. Also Venezuela is a capitalist country Secondly your entire post is full of ignorance. You are projecting a fake world view. Why do you think socialists wont loom homeless in the eye or help their neighbors? Also your consumer responsibility bullshit is pure fantasy. The idea that if we just buy mom and pop instead of amazon the problem will be fixed is completely ignorant. Just being a good person while you personally benefit from enslaving the third world and pretending its ok is hypocritical at best.

[@janetwebb1507]

Don't FOEGET..The Word ' CAPITAL' M E A N S MONEY !!!

[@Motherofchicken]

This video is just yap

[@sytran666]

your comment is just yap

[@Motherofchicken]

@@sytran666 bruh, I’m sorry but not once did he really say “anything”

[@crappymeal]

Become socially organised and create alternatives, search e-democracy

[@CrazyBoy-w4h]

Ts is post-fordism not post-capitalism