Chrystia Freeland: The rise of the new global super-rich

Technology is advancing in leaps and bounds - and so is economic inequality, says writer Chrystia Freeland. In an impassioned talk, she charts the rise of a new class of plutocrats (those who are extremely powerful because they are extremely wealthy), and suggests that globalization and new technology are actually fueling, rather than closing, the global income gap. Freeland lays out three problems with plutocracy ... and one glimmer of hope.
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[@crushingalldeceivers]

"COVID has created a new Political Opportunity" -Chrystia Freeland Absolutely vile woman in my opinion.

[@joelzinho4600]

Yeah feel the same.

[@lizliz4186]

@@aj-zt8br calling her a hoe for no real reason other than your attitude....just tells us who you are and moots your point.

[@dburns8033]

@@lizliz4186 Would psychopath be more appropriate?

[@markusaurelius777]

@@lizliz4186 Calling her a HOE is being generous. She's a fucking WITCH.

[@caizhanghui4978]

@@joelzinho4600 ml

[@George_K1]

The best form of slavery is that in which the slaves don't even know that they are enslaved.

[@Carlos-sd6cz]

"None one are more hopelessly enslaved, than those who falsely believe they are free" Goethe.

[@blackopal3138]

​@@Carlos-sd6cz "For a Sovereign to maintain his estate he is dependent on the health and fortitude of his population of subjects. He seeks to cultivate in them a robust education, and keep to his Kingdom progress of the best known order. That he may remain, by the highest quality, informed as to matters of court, cult, scientia and weaponry, lest a King risk his tempo being slowed in the race for military strength, and almighty power to that of his enemies which loom outside the walls. It stands, therefore, that the line between subject and slave is dependent, mostly, on the size, and of the veracity of those threatening entities the Sovereign, at present, is under fret of. For, while it may be a simple matter that the King can easily appreciate the value his subjects offer while existing under the foreboding specter of war, I should think in times of great security a Sovereign might have wont to begin to see them as a burden" -Racine

[@mito88]

best for whom? :)

[@George_K1]

@@mito88 I Agree, Exactly... Best for whom? When your expenses match or exceed your income out of necessity and because of a financial system setup to benefit the rich and elite the blue color worker and the poor become Literally slaves... Legally ... Even if they are not called that. In a fair and just society which aims to provide equality to everyone, the average workers rent should never exceed one week of his labor and all his living expenses and taxes should never exceed another week of his income, and he should always be able to have a NET income of one half of all his labors to save or spend on his/her family. I will keep dreaming because the interest of every entity focused on making profit is in conflict with social equity by its fundamental existence. I am for law and order, but I am also for social justice, and for a universal income system indexed to inflation and other systems of checks and balances to achieve the above financial goals of the individual.

[@whotelakecity2001]

The Matrix

[@lorimartin8737]

Here she is 6 yrs ago speaking against income inequality and crony capitalism. Today she actively supports and advances those very things and the oligarchs, plutocrats and ruling elites they benefit.

[@angelabaiers5055]

False. She is a Globalist Reset Covid/Climate Cultists. A tyrant seizing peaceful Canadian Protesters bank accounts & crowdfunding donations to Canadian Protesters. She works for Klaus Schwab & the NWO Great Reset not for Canadians best interests.

[@markusaurelius777]

@@angelabaiers5055 YUP.

[@therealpvc2541]

We’ve seen an increase in lobbying interactions and corporate bailouts under this government they have further exacerbated the issue of monopolies in this country, benefiting the super rich. She’s a hypocrite.

[@audigious8431]

@@angelabaiers5055 they bought her out

[@russellhawkins5113]

She is hypocritical SCUM. She Played the angel to get elected and has since revealed her true inner nature of being a demonhost. “If the people need a hero then they will be our hero.”

[@littlejerrythecagefighter1163]

Here we are in ‘21, and rather than help Canada protect itself, Freeland is helping those super rich run our country and siphon off our tax dollars.

[@emanhugh7418]

I wonder how much she’s got invested in Bitcoin???

[@MrMannyhw]

Yup she is part of the super rich. Most likely working with the super rich to get her retirement funds ready, same with Trudeau. I wonder how much money Singh is getting for helping them out.

[@getoutjustin2553]

And now it's 2024, Canadians are starving.

[@QuijanoPhD]

Honestly, as someone who has been all levels of poor and middle class (I have been both unemployed and in the verge of eviction and a well to do socialite who earned almost twice the average and spent his weekends with doctors and lawyers - I'm now back to lower-middle class), I can safely say that the whole rich getting richer thing wouldn't bother "the rest of us" so much if "the rich" (not all, some) wouldn't spend so much time making sure "the rest of us" remained dirt poor.

[@ro6742]

8 years later.... she’s helping them get richer. 🙄

[@mahirhaque1801]

Hey Canada how's inequality going under Minister Freeland? 7 years and counting!

[@Steph_7d7]

We're all racist misogynists now, haven't you heard.

[@getoutjustin2553]

Can you spare some change? She destroyed everything. We can't afford to live.

[@abbyferrari]

Judging by the currents events in Canada, Chrystia Freeland thought "if you can't fight them, join them" :/

[@joenitro9024]

Oh no, she announced her plan clwarly right at the end. Reimagine our financial system. Now that they have reached the breaking point we all start back at zero but the elites will gather uo everything first.

[@ananke2104]

She never fought them . She was always with them .

[@getoutjustin2553]

She is loathed by tens of millions of Canadians. She is the wicked witch of the north. We all want her gone.

[@candicem9344]

Well now that your in a new position prove it do it tax the rich

[@xxxwindsor]

She won;t do anything of the sort. Soon enough, a Pandemic Tax will be forced upon us to protect the interests of her elitist friends.

[@joef1551]

The rich are already over taxed. If you tax even more you take the incentive out of of new investment and jobs disappear Here’s a tip, If you want to get ahead go work harder like the rich do and stop waiting for others to give it to you.

[@srseki]

no tax is needed because government spending sucks, just enforce the giant companies to pay their employees a certain percentage of profit, any countries which don't follow this law would get kicked out from global trade.

[@dfinma]

@@joef1551 lol

[@John577]

@@joef1551 that's not true at all.. Taxes incourage the rich to invest in their business to avoid paying tax.. That's what Bezos does. The reason he doesn't pay any tax is because he invests so much money into Amazon to help it grow. Taxing the rich actually helps the economy. It doesn't actually tax anyone because they spend the money rather than holding it. Unless they are idiots.

[@cathywest5285]

Let's see how she relates this TED speech in her new role as finance minister of canada

[@kenclow4274]

Welcome to Communist Canada. Hope we start by redistributing some of that Soros money

[@inthesilentplanet]

@@kenclow4274 She's so left wing she won't even buy herself a decent dress. Jesus.

[@pcpolice2314]

@captain crankypants thats rich coming from a con...u should be happy if she doesnt folow through, no?

[@kenclow4274]

@tyjghjghhh Mao's chine killed 60 million Stalin was good for another 40 million Communist sucks that is why ppl come to Canada...well the good ones at least. Do you have an example of a time communism actually worked or just your "lived" experience

[@chadsimmons4496]

Ken Clow Freeland supports Mike Pompeo and Trump with the coups on socialist governments like Bolivia. You guys are indoctrinated. The implication that the last 75 years haven’t been OUR bombs killing people, is ridiculous. The responder wasn’t “defending communism”. He was accurately exposing your cliche stump speech of inaccurate labels. US (so Canada too) support 70% of dictators. The last 75 years are our bombs killing for profit, or sanction regulations, that Cons cheerlead and Libs support. There are plenty of examples of democratic socialist governments working. When it happens in South America, the CIA destroys it and supports the Pinochets of the world. The question is, what do you think communism is? Or socialism? Stalin and Mao are not the only examples. That’s like saying Hillary Clinton is a capitalist like Teddy Roosevelt. I’ll take George Orwell over Canadian and American conservative jargon. You guys should try it. Hint: Orwell wrote more than Animal Farm and 1984.

[@davidparkins1808]

Don't people talk an interesting talk, yet eight years later we discover what they really think and what they do.

[@janm2361]

Chrystia Freeland is the new Finance Minister of Canada. Not a typo.

[@chadsimmons4496]

Maria C thanks Hillary. “Bad things began in 2015”... TDS Canada

[@frostyfriday1247]

@@mariacyou9265 You, on the other hand, have such success that no one who matters knows who you are.

[@tomstdenis]

@@mariacyou9265 "without success?" She spent 20 years writing, editing, and publishing international finance journals, she's a rhodes scholar, and been on the NY Times best seller list more than once. You?

[@therealpvc2541]

@@tomstdenis so? She literally had no diplomatic experience prior to becoming foreign affairs minister.

[@marksqualberg1826]

@@mariacyou9265 If you read the news from over the weekend you'll know she's a CIA asset too

[@paulwilden1582]

This sickening woman has no place in politics

[@adam62273]

This woman is one of the most authoritarian politicians in Canadian history

[@99problemsbutafishaintone35]

Freeland strikes me as the one who would have turned in ANNE FRANK.

[@thomasmarold2897]

She's a AOC !!!! Angry Old C?nt !!!

[@tinycha0s]

politicians? Lol. she’s a journalist.

[@adam62273]

@tinycha0s she's the minister of finance in canada

[@wgeegibby8650]

@adamhoward6227 That doesn't mean schitt in TURDS Canada hire for begin a women nothing more and a NOTZEE supporter.

[@TheCookieNetwork]

I mean seriously she has to balls to try to talk about super rich elites. I’ll be sending her a mirror in the mail ASAP

[@abelflores1593]

In the French Revolution they beheaded those people The Peasants got tired of it it will happen again

[@IggyArssie]

@@abelflores1593 they actually plan on beheading us …the Canadian government last year had asked for bids for guillotines and tear gas …🤔

[@abelflores1593]

@@IggyArssie too much power! For a few people not cool

[@josephignatowicz9903]

a oversized mirror.

[@KF1]

12:30 "The terrifying reality is that there is no economic rule which automatically translates increased economic growth into widely shared prosperity" She says exactly the opposite these days. When asked in Parliament about the debt, inflation, housing crisis etc, and how that effects people in Canada, she said "don't worry, we have increased economic growth" and punctuated the statement with a series of evil grins. I think something happened to twist this lady heart, and make her disconnected from her own humanity. She is now our most corrupt Finance minister and worst ever Deputy Prime Minister to boot.

[@markusaurelius777]

It's typical for politicians. All are corrupt slime.

[@markusaurelius777]

@@iams5526 Funny how my comment from yesterday has vanished.

[@jorschu]

She's on the executive board of a very powerful global organization that doesn't have humanity's interest at heart. I can't say which organization because my comment will be censored.

[@olfersisapotato8970]

There is no middle class

[@Carlos-sd6cz]

is gone worldwide..... we are in the way to a new feudalism society.

[@poovaneswaransupramaniam19]

So true

[@jmart9414]

@@Carlos-sd6cz I see your point.

[@chriskerton5771]

7 years later and things are even worse...

[@Dan-pd9ys]

It’s actually so weird to watch this 7 years later because it really has gotten so so much worse.

[@jmart9414]

@@chriskerton5771 yep.

[@maclogan8977]

i just have to listen to the voice and tone of some of these people....and i know something is off about them and their message

[@sgonged]

I made more when I was 28 than I do now. It's sad.

[@kaushikvsmaniyan]

We are not developing our knowledge and skills in pace with life itself. Species that evolved slower died out, ask the Neanderthals

[@candicem9344]

@@kaushikvsmaniyan No their just dumbing you down thank USA for all of that

[@kaushikvsmaniyan]

@@candicem9344 We have to take responsibility for our actions..or inaction instead of blaming others for everything

[@glengordon382]

Probably your take home pay is less ,because of so many tax increases and new taxes,,, Canada they say is one of the highest taxed countries in the world, and so little to show for it, how do you compete in a global economy with that kind of overhead????

[@kaushikvsmaniyan]

@Dapper Canuck exactly, evolve or die. That means dying off or being killed off

[@zafersawafmusic]

"I'm even more of a fan of globalization" - sure, so your local economy becomes solely based on real estate, mindless services, and non-constructive investments with absolutely no manufacturing at all. Self-sufficiency is the way to go, globalization is for goods that complement what you already manufacture locally.

[@don-cw1yz]

In the 1950s, a typical CEO made 20 times the salary of his or her average worker. Last year, CEO pay at an S&P 500 Index firm soared to an average of 361 times more than the average rank-and-file worker, or the pay of $13,940,000 a year, according to an AFL-CIO's Executive Paywatch news release today. I also question this presentation from Ms Freeland who's government just gave Loblaws a very profitable Canadian Corporation $12 million for a retrofit of new energy efficient refrigeration equipment? Will the liberal government be paying for a corner store that wants to replace their refrigeration equipment?

[@gormenfreeman499]

That an example of socialism for the rich. The rich and corporations get their losses socialized. The small business gets cold hard capitalism.

[@z2u]

1.labor cost are cut and employees make less - is in-correct - you need less employees because of technology. GDP is way up because technology- not because employees are working harder and for less money. All the companies she mentions all have the worlds highest paid employees in the world and no unions except for amazon in germany. In the 80s, 1 in 10 employees at microsoft were millionaires all because of 2 people. how many other millionaires is it responsible for and is never talked about in talks like this. she might have mentioned that Gates and Buffet alone are giving away more money than all the 1% had in the last century. A trolley car driver in san francisco makes over 75k with almost full pay after retirement. This is job almost anyone could do and would love to do. that is just one example and could be reason more people don't have jobs. The new bay bridge cost 5 billion over what it should have and took 25 years to build. thank heaven they have the super rich in the bay area to tax and pay for it. I assure you no one who worked on it was underpaid. too many of the 99% make too mush money in the US for the skill level when there are many with better skills could do the job better. she might have mention that these are some of the smartest and well run companies in the world and US is lucky to have them.

[@tekinsal8396]

We're taught that feudalism ended 200+ years ago and humanity gained democracy, freedom. But the empirical fact is, since then the feudals have only been pondering "where did we go wrong?" scheming and establishing elaborate ways to ensure something like French Revolution never happens again.

[@blackopal3138]

Precisely. But they are also still feuding amongst themselves, and it won't end until one clan controls it all. Your comment set me off, lol. I just studied the Fr. Rev for 5 or 6 hours last night. Every minute was more amazing than the previous. Cults of Logic and Reason, murdering, irradicating, Bishops and priests, dechristianizing, it's like , "Holy fack!" (pun intended). The most amazing and pertinent fact though? Napoleon. As a military leader he was a supporter of the Republic, and key to the revolution's success. But then seized power in a coup, and declared himself Emperor. Then he conquered Austria-Hungary, Western Rhineland/ Germany and Nederlands, and declared himself Emperor of all of them. But he also conquered Rome! And just gave France back to the Pope. All of it, back to the church! Napoleon was not even French. He was installed as leader just to break the Republic. This comment was way longer but I deleted it all, lol. Just amazing stuff. Peace

[@xxxwindsor]

And to think, 3 years after you made your comment, she's been elevated to Minister of Everything and has the power to control the PMO and press....

[@tekinsal8396]

@@xxxwindsor I'm not Canadian, I don't care. But this is still a good talk. Certain people rising to ultimate power is our fault. Democracy is only 200 years old, meaning it is not natural, and like everything man-made it requires constant care and maintenance. The average Joe does not understand this, thinks it something growing on trees, assumes everything falls right into its place. But it does not. Regression to feudalism is inevitable under these circumstances. The nature is simply correcting itself unless you put the effort to change it.

[@xxxwindsor]

@@tekinsal8396 The problem is that she does not practice what she preached. That makes what she says, suspect at best.

[@tekinsal8396]

@@xxxwindsor yes, and I explained why people may change so profoundly.

[@drditup]

And as long as a majority of people care more about kim kardashian or honey boo boo than their personal economy or education, this won't change. Remember for every rich person on the planet there are a thousand poor people who took the same risk but failed.

[@pinkemoslayer6337]

Listening to this in 2023 is fairly chilling with hindsight...

[@johncam8420]

Exactly, she is Canada's finance minister if you don't know. And the growing unaffordability for the middle class under her watch is INSANE. Times were better for the middle class under her Conservative predecessor.

[@jorschu]

Her speech and conduct in this speech versus today is starkly different... it makes one wonder if she's under the influence of something

[@helensmith6670]

And after degree in Slavonic studies, what do you know about economy? NOTHING!

[@johnshields3658]

It would be easier to convince people to back solving this problem if there were first a crack down on tax evasion/havens. Usually, taxes just go up on the middle class and the big fish are left entirely alone.

[@appletree8441]

Now that she sits next to Justine...why aren't things changing in Canada? Because she knows that she can get rich by being next to powerful and rich people.

[@GFMkidsComedy]

Jason she’s foreign minister, she handles foreign affairs, genius

[@prdoyle]

There have been changes, if you're paying attention: www.ctvnews.ca/politics/here-s-how-canada-changed-under-justin-trudeau-1.4494319

[@TractorJack]

Don't forget how hard it is to convince people what should be done. My dad says if a man works hard and builds something he should reap the rewards. So I ask if a man has a million dollars is he worth a million dollars? He says yes. So I say Justin Trudeau is worth 2.7 million dollars and your kids are worth nothing. Is that what you fought for? And you ask why you don't have grandchildren.

[@sanderson2910]

Since the conservative shift in the 1980s, we have shifted resources from the general population and given them to the top 1%. We cut spending on education, research, infrastructure, workforce, poverty, etc. to provide tax cuts for the rich. The result is what one would expect: incomes didn't go up, upward mobility declined, poverty increased, educ fell..but the rich is doing great! The country did much better with a moderate approach and by investing in the country's shared progress.

[@norvanman6125]

You're an idi@t, Freeland and co. just transferred more wealth to the "elite" class in the last 3 years than in the entire history of mankind.

[@douglasmelbourne6598]

Why is so many videos of her, the comments section is switched off?

[@SpoonieSensei]

i'm not quite sure where i stand on chrystia freeland, but i've said for a LONG time now that we "need a new new deal." we do. and much more.

[@getoutjustin2553]

Not sure where you stand, well I stand on Canadian soil and can tell you.. she is terrible horrible and evil.

[@cookeish]

Champagne socialists.

[@LLPOF]

I really don't care about income inequality. I do care about my income quality.

[@Thuyngle]

In part, income quality improves by tackling income inequality I guess

[@bojana.webchannel6116]

Did she just said at 13:38: …for all its grim, satanic mills, it worked pretty well, didn’t it? !!?!?!?!?

[@rbc13183]

That's the problem: you CAN'T regulate most markets, because you inevitably turn into a massive bribery organization, making things ten times worse. When you take up the right to choose winners and losers in the market you also inevitably become the ultimate advantage for those who can gain your favor. You give powerful people an incentive to try to buy you off. Nearly everyone has a price. With all of this emphasis on "regulators", nobody can answer the question "Who regulates the regulators?

[@getoutjustin2553]

No one. We all died of starvation.

[@14loosecannon]

"There is no economic rule which automatically translates increased economic growth into widely shared prosperity". Truth. The sooner we end that myth, the sooner governments will have to focus on actually improving people's lives in the long run rather than appeasing multinationals with tax cuts and labour rights reductions.

[@nathantripathy]

When the rich criticize the super rich. -A CNA

[@ewal36]

Increasing tax and killing mid-class are very wrong, but that's Canadian government is doing. Look at how many taxes mid-class are paying? GST, PST, property tax, carbon tax, EI, CPP, all kinds of licensing fees and regulatory charges, and don't forget income tax!

[@SW-Boss]

An otherwise excellent TED speech. HOWEVER, it really needs graphs & charts to visualize the extremes she speaks of. For most, the figures are nearly incomprehensible. It’s getting so commonplace to hear the terms billion$ and trillion$. Imagine that a trillion SECONDS equals 31.7 years!

[@youarethema]

No that's a billion seconds

[@jamesstephenpeyton3305]

how many football fields would that be?

[@blackopal3138]

​@@jamesstephenpeyton3305 At least 420 quadrillion Kalvin.

[@xxxwindsor]

No charts necessary, look at her actual performance in real life. She's the Minister of Everything so we shall see how much wealth she transfers upward.

[@kobked-x]

a Trillion seconds is almost exactly 32 000 years

[@SketchyGhettoSpic]

This woman should be in jail. She's a fascist and Ted Talks should be ashamed of themselves for giving this despicable woman a platform.

[@SamsaraMontreal]

Oh... the Irony!

[@KemptonLam]

9:00 Amazon, Apple, Google, Starbucks, ... working the international tax system in order to lower their taxes Interesting note: As of November 2015, Prime Minister Justin Trudeau has appointed Ms. Chrystia Freeland as our new Minister of International Trade.

[@marblesrichard]

Yeah she is not the same person , she is now a corrupt Elite this was filmed in 2013

[@xxxwindsor]

As of August 2020, in the year of MyCorona, she has been elevated to Minister of Everything Plus the Piggy Bank and the Trough...

[@susanlawens3776]

Great video! I guess the only thing that puzzles me is that it is a commercial to buy gold and silver from their company. With currency???? Sounds super, I guess, if their only goal is to collapse the system, but be left holding the bag with our useless currency, out of the kindness of their hearts. Or can you buy the gold and silver with bitcoin?

[@albertwrigglesworth6799]

She is our Deputy Prime Minister in Canada at the moment, and we can see how well we're doing up here at this time of 2020. She is a big lefty.

[@davidheipel2934]

Albert Wrigglesworth They tell us what they’re doing to us. So many of us vote for them to destroy our country and western society. What is the great plan Freeland?

[@pcpolice2314]

65% of canadian voters are lefty, deal with it

[@Psy0psAgent]

80% of peasant morons believe in fairies and gods

[@frostyfriday1247]

Yeah, things are really tough . . . we're doing MUCH better than the States and many other countries around the world.

[@Psy0psAgent]

@@frostyfriday1247 to me that sounds like a woman that says, ‘my husband beats me far less than all the other husbands’

[@Yes-nk9in]

I hope she does another talk about how she helped destroy Canada

[@thisisatonofbs]

Nail guns and sprayers aren't a form of automation. Those are just incremental improvements for the same workers to use to do the same job in a slightly faster way. Automation would be things like ATMs, robots that build cars, lumber mill systems that load, plan and cut trees into wood, etc... And what those tools did was reduce the workforce needed to do a given job, thereby requiring that some of the workforce learn the new way to do things while others had to find other jobs to do.

[@fredmiami]

You're not even mentioning the key word here.its called "Usury" or interest.

[@y.g.1313]

Because she is working for them - Usury top dogs, while technology top dogs are interfering with them, so she assaults tech billionaires.

[@blackopal3138]

@@y.g.1313 I just made the same comment 5 mins ago. Talk rings like a Regent speaking to her assembly.... or a snotty teenager trying to convince the second class cheerleaders that the new girl isn't as good as she looks. This video almost made me sick, literally. Since today she is entrenched in power that does not befit her resume. It's getting tougher every day, to imagine the events of covid don't have another explanation. Tough to organize with strangers quietly when you can't meet. Maybe there are factions that are ready to move, or did make a move, and this is the elites first move of defense. The media we get could be 100% fiction. …. So could this Google video. lol We're fucked either way. peace

[@xxxwindsor]

You should see the shape of our economy and debt under this Minister of Everything... [timestamped for posterity: 23 Aug 2020]

[@darrenprong2632]

when the hunger riots start...we wont have to worry about the super rich anymore

[@garymanning8920]

We will eat them and split their cash?

[@subspace666]

@@garymanning8920 don't think we need to do that anymore these days , probably only need to delete there assets ownership from a few data banks they will be like anyone else then.

[@genzcurmudgeon8037]

A ham sandwich is 1.25 The poorest in America are not going hungry, fool. You people perfectly epitomize the state of mind of people on the left. You don’t care about the poor, you hate the rich. You don’t want to see the people on the bottom lifted up, you want to see the people at the top torn down. You have this childish idea that because someone has money, someone else doesn’t. You think that people get rich by making other people poor. You are fools, ungrateful and therefore sad. I implore you to open your minds to some books, challenge your preconceived ideas, and your hearts. Covetousness and ungratefulness makes people bitter and sad.

[@peterelios7568]

@@genzcurmudgeon8037what about the serious issues this lady clearly pointed out? should they be ignored while one takes comfort in the ham sandwich. You effing dufus

[@genzcurmudgeon8037]

Peter Elios She pointed out no serious issues. A young man selling his company for a billion is only an issue if you think a dollar made by someone means a dollar stolen from someone else. It’s not a zero sum game. And inequality is not an issue. Unless you are ungrateful and simple minded. The rich are getting richer and the poor are getting richer, just at a slower rate. Their purchasing power has gone way up which is why the poorest in the west all have flat screens, cell phones, refrigerators, cars, but yes tell me how life is hard in Canada and America. Inequality between the developing world and the undeveloped has been shrinking for decades now. It is only within the developed world that “inequality” is increasing. Which just means the rich are getting richer at a greater speed than the poor are getting richer. Simple minded dummies think that billionaires make their money by stealing it from others or taking advantage of the system, a childish naive view, and not by offering a good or service that people voluntarily purchase.

[@cbody70]

"Men not having the same capabilities, if they are free, they will not be equal, and if they are equal, then they are not free." Aleksandr Solzhenitsyn

[@jooky87]

Google is nothing without its users. Everyone for themselves!

[@ordphx]

wages should not be taxed in the USA....Never meant to be that way.

[@Bixsu-]

What do you suggest then?

[@AtPeaceUnderHisMightyHand]

A E What a nonsense.

[@CC3GROUNDZERO]

Yourtube User ...said the capitalist.

[@Coffee-Candy]

Interesting observation: "We need a new New Deal". Who knows if some powerful politicians would have the smarts and will power to try it.

[@markanthony3275]

The new deal will be a global totalitarian police state...are you sure you want that?

[@bradbear]

Forgot the slide show I guess

[@josephadalbas9353]

I believe it started with the "One-China Policy". It did help China rise to the occasion as financial power and also open up the labor market of other developing countries. Yes it was a good deed but what had happened was Fortune 400's biggest and richest American jump and utilize that market. It left behind middle class Americans with no job, even losing their homes. Our political leaders maybe good policy makers but their not shaker nor movers cause they're not in our financial bracket. Now how are we reverse the action or recover what we lost by not hurting these rising economies?

[@appletree8441]

The rich get richer. If you've ever watch Dragons Den or Shark Tank..you will understand why rich people get richer

[@rbc13183]

Again, "How do you control someone who ultimately has power over you?" The question, which Rugyguy hasn't answered, still stands.

[@getoutjustin2553]

If I answer this I'll get banned.

[@BurkeLCH]

Once we spot the problems with humanity, it's important to put energy into creating the solutions (collaborative consumption, science of happiness, techno labor, etc...). It's math. Put less energy into staring at the problem and more energy into CREATING solutions. It's time for a maker revolution.

[@SIMKINETICS]

Gee, thanx for educating me! As an engineer who spent much of my 35 year career automating processes & machines, such observations never crossed my mind or caught my attention. ; ]

[@jamesdonovan6340]

09:56-10:06 Her showing her true colours.

[@rbc13183]

I believe there is a solution (although there's no such thing as a perfect one): remove centralized power bases that have the authority to dole out advantages. The obsession with giving too much power over the market to a single group (government) has backfired and caused even MORE concentration of wealth than we've ever seen. Trying to "regulate" the market, especially to the extreme levels that we see today has failed. Govt can't solve all of our problems. Sometimes they end up creating them.

[@robweeks1453]

True until the market collapses and all the capitalists cry for the government to print them a bunch of money 😆 government regulation is a necessary evil.

[@getoutjustin2553]

Well... She sure did create a mess here. Canadians are starving. Never thought I'd see that in my lifetime. All because of this woman and her bs.

[@davidcar4632]

Air Canada got 5.9 Billions taxpayers' money for Covid Bailout, and who works for the super rich? It was to buy Air Transat for 5.2 Billions and this money is more than the buyout amount.

[@Julien-ne4pv]

My gut feeling tell me something is rotten when i look direction canada!

[@aaronclu]

Bought into Bitcoin. Non-Correlated, A-symmetrical returning asset.

[@billblass5961]

Next click:"What is Tumblr. " I'm still caught up in the worthlessness of Facebook.

[@Curley2046]

that fact that she is our finance minister is absolutely terrifying. so incompetent

[@passerby9123]

This talk is interesting inasmuch as watching it almost 7 years later, it's fairly apparent that the situation has not improved but has worsened, even if the polarisation of wealth isn't discussed in a similar detail that much today. When you move beyond the concept of cash as wealth you are left with the assets that support the values of the many forms of cash, and the value of these assets changes almost overnight in many cases as the values of various types of cash compete with each other. If you look beyond the jargon in this vodeo, the value of assets, land, minerals, oil, and such like are driven by desirability, and it is the consumer, all classes of people, who rack up the changes in desirability, as they in turn are manipulated to desire one asset and what can be produced from it over another. With the intrinsic values of cash it is similar, and yet the desirability that affects relative national cash values is altered by a very restricted portion of the world's population as a whole, and this minscule element of the human race can fairly easily determine which form of cash is to be the winner in the battles and trade wars that seek to secure control of the desired and so valued assets. Cash of course is not real in itself, it is just the promise of someone, usually a nation or perhaps its national bank and/or those that support it, to allow these promisary notes to be redeemed for assets, and the real secret of wealth, cash or assets, is not to own them but to be able to control them and those who must use them in their daily lives to acquire that which they desire. So the answer to the conundrum seem to be to become self supporting and to live outsideof the desirable assets race, as far as is possible, and for each individual to take back control of the efforts that they make to live and support their families. But then you come back to the value of the land to do this on, and who controls the land values as the basic asset of self support, and again you meet desire as the wish to own that land. Possesion is not nine tenths of the law, it is 10 tenths of the law if you control desirability, and as the circle of possesions turns, those who posses become the possesed who can be controlled by the institutions that allow them to call themselves owners. Possesing and being possesed feels safer than sharing and asking others to share with you and yours, and ultimately it just feels more secure to live in the prison of aquired wealth, where you can seem to know your place in the prisoners hierarchy of economy and to obey the gaurds and those who control whatever is traded to meet the prisoner's desires, than it is to trust yourself and other people in a free society that can learn to recognise and respect individual human needs and their boundaries.

[@rw6836]

Low interest rates and consumerist culture (driven by ads, social media) encourage regular people to borrow money to spend. Stagnate income and inflation force people to borrow money to spend. Money printed out of thin air (from borrowing and quantitative easing) goes to the super-rich, and they hold on to that wealth. This is how the super-rich get richer, and the poor get poorer. To get out of this, raise interest rate (to discourage people from over-borrowing), lower inflation to 0% (to encourage people to save), and stop giving money printed out of thin air to the super-rich.

[@kurash2]

The sad part is she is the one that taxed middles class in the form of carbon tax and gave to rich corporations like Loblaw.

[@str8clay]

4:55 Increasing business taxes is mentioned, which means increasing taxes on consumers, because the cost of the tax gets added into the purchase price of the product/service.

[@getoutjustin2553]

We have been taxed to death.

[@YouConnolly]

wow, they're removing posts

[@RickLarsonPermacultureDesigner]

The problem lies in how, realizing the finite wealth on this Earth, the more one person obtains, immediately results in how much less everyone else has access to. Exellent speech.

[@DronZizzle]

just because one person has more doesn't mean they did something immoral to acquire more though.

[@xxxwindsor]

The economic system is based off debt and she knows it.

[@AmusedChild]

Too bad everything she's said is now true of her.

[@getoutjustin2553]

​@@AmusedChildbless you. Can you spare a loaf of bread?

[@supercooled]

Wow from ted talk and writer to deputy prime minister of Canada.

[@cherylimeson3006]

And now Finance Minister.

[@xxxwindsor]

And now, Minister of Everything

[@Psy0psAgent]

Fascinating anthropological experiment. One 70’s fur coat wearin Pimp dictator type shows up and pretends to be for equality for women but they all turn into his ‘yes sir’ whores.

[@frostyfriday1247]

Actually, have you looked at her curriculum vitae, or are you merely jumping to conclusions. Many Finance Ministers of the past have had far less traditional "qualifications" than she does.

[@barnaby4232]

@captain crankypants what?

[@ericsaur9791]

Can anyone explain to me what she concluded? She said we need a new deal? What did she mean?

[@johnki325]

Communism

[@stacyclarkson6202]

Expecting everyone to do the same is like,expecting all students to have the same grades.....The rich create jobs,I wish we had more rich..

[@stacyclarkson6202]

No one forces anyone to buy goods or services,they compete for ones business....The government on the other hand,under the threat of forces takes peoples hard earned money under the threat of force....You seemed confused or just stupid...

[@SloveintzWend]

Stacy Clarkson Rich don't create jobs. Demand creates jobs. But if people have no money == no demand.

[@stacyclarkson6202]

You seem stupid,your life must be awful...

[@bujoun76]

Stacy Clarkson After reading your thread I see that you haven't looked into or even thought about your argument(s). Leave your ideology behind and investigate. Look a little deeper! And don't try to avoid learning something new by attacking me. You have homework to do Stacy...

[@stacyclarkson6202]

I just point out those repeating patterns... :) I read much...That old saying... Been there done that,applies to me....

[@delatroy]

lol @ "taxes are for protecting human rights". Such is the delusion of the wage slave.

[@MrBrownstainbear]

Taxes are for communists to steal from those who are successful and save and give it to those who waste.

[@Cawfeesomething]

Taxes are welfare/subsidies for the rich

[@kat7973]

Yang gang and ubi movement give me hope

[@sandracameron2291]

This woman has cost Canadians their ability to live a decent life with a future to look forward to. Her Spending is beyond any other in history and she should definitely be held responsible for actions.

[@garrettpatten6312]

She comes from literal nazis. Defintely a psychopath.

[@happychicken8136]

But we have a world where the few corporations have lucrative Government contracts and make $Billions every year at the expense of the general public.

[@hollycardinal7100]

Wow she certainly moved up in her career since this talk eh!?

[@lyndakelly564]

She sounds like a smart intelligent woman. Doesn't sound like anyone in Trump's inner circle. Canada is lucky to have her. She makes a great deputy prime minister.

[@Redneckboy991]

She certainly did. She is now one of those elites she used to despise.

[@wally6193]

@@lyndakelly564 LOL, really!

[@davidheipel2934]

Lynda Kelly ....NO!

[@SIMKINETICS]

Agreed! As a long-time engineer who has automated many processes & machines, this factor has been at the top of my list of social concerns. My career involved automation of scientific devices which freed high-caliber scientists to focus on fresh research without the tedium that often is associated w/ their work in repetitive tasks; but automation of less challenging workers' efforts will unemploy many low-pay workers too. This will require new ways to approach equitable gov't policies. cont.

[@MrMannyhw]

Don’t worry these less than useful workers will just collect welfare. Talking to uneducated people is like talking to a wall, they do not have the IQ or EQ to comprehend anything other than their own sense of survival, that would include stealing or scamming or victimizing themselves but never getting an education to comprehend and engage in intellectual exchange of idea with other intellects. That’s the reality of the situation. My company prefer to hire such people instead of more intellectual people, though they are well paid positions. I have thrown in the towel to try to change things. I suppose the social structure is like this. As things progress we do not need low skill workers and yet governments are still importing them in with open door policies.

[@garrettpatten6312]

mrmanny you sound awful lol

[@trashpanda9615]

This was 9 years ago and she still wears the same dress around parliament

[@fototripper]

When did they get to you Chrystia?

[@teatipper]

the dress just don't fit

[@FromSeansiPhone]

Wow. I like to feel that I'm a somewhat educated person. Ms. Freeland must have had a great view of my scalp as she talked over it. However, I'm not sure this wasn't intended. It's easy to convince someone you know what your talking about when you use a lot of jargon. The talk could have used a little less jargon and more charts and graphs to help us understand.

[@michaeld9682]

She is 2 faced. She tries to silence the little guy. kzbin.info/www/bejne/m4DTfXlnoK6khpI

[@wgeegibby8650]

@@michaeld9682 Exactly! While she supports elitist and NWO.

[@jimgaston9863]

Sean Hunt meritless journalist then meritless twit now,but a whole lot more dangerous

[@rm06c]

It still doesn't change the fact that banking and financial markets are the most heavily regulated industries that exist. There is nothing to suggest more regulation would have prevented the problems. Nor is there reason to believe that the "right" regulations would have ever come about. Numerous organizations kept saying that the housing market is fine. Is this due to low budget? Doubtful considering others were pointing to the signs that the housing market was unsound and they ignored it.

[@paradoxward2533]

but you know, to me, guys like Gates and Buffet don't scare me; indeed I actually admire them because I have some sense of the origin of their wealth. what disturbs me are the 'faceless collectives' whose origin of wealth is murky at best, and I think there are some 'systems' whose 'wealth' transcends the whole concept of money. I know that sounds convoluted, some wealth does not seem to originate with the creation of anything and is capable of swallowing up any and everything. I work for a company that is just one of 400 companies owned by what I would call 'venture capitalist' . truthfully....., I don't know who or what it is connected to.

[@ZingerSportDogGear]

This socialist is one of our esteemed political leaders of the liberal party in Canada. So ironic.

[@wally6193]

She's part of our problem in Canada!

[@dzavdzav3411]

She is exactly as she describes. She's gotten really really rich, really really fast

[@Carlos-sd6cz]

She "wrote? (?) this book: Plutocrats: The Rise of the New Global Super-Rich and the Fall of Everyone Else. She should rename such as: Plutocrats: The Rise of the New Global Super-Rich (Trudeau, Aga Khan, Climate Barbie, SNC Lavalin, Gerald Butts, Omar Kadhr, etc) and the Fall of Everyone Else (Canadian Tax payers, Jody Wilson-Raybould, and Jane Philpott).

[@blackopal3138]

lol, political, that's funny. Familial leaders. We're subjects, bud.

[@rugbyguy59]

You're right that some wouldn't want it. There are lots here who don't want people thinking about such things. Governments generally want to control what kids are exposed to. But real education is a subversive activity. TED talks are about questions and thinking. I love 'em

[@Steph_7d7]

Hopefully you see the lies in her words here, shes an atrocious fascist who should have already been behind bars years ago.

[@getoutjustin2553]

10 years later, still feel the same way?

[@rugbyguy59]

@getoutjustin2553 Not about TED talks. Funnily enough, rewatched this now makes me see the flaws that later became massive already existed. I do still think education should be a subversive activity. StayawayPierre

[@jrjoseph9213]

And today as a Minister of Finance of Canada she will serve the very same person that she was denouncing back then...

[@xxxwindsor]

She has become that person, she has way more control over the PMO than Trudeau now.

[@richardgreen7225]

Charge sales taxes instead of income taxes to fund the government's business services. It is less easily gamed and revenue would be more proportional to the benefits.

[@rm06c]

Anti-Trust laws don't break monopolies, they simply hurt successful businesses. Note that anti-trust suits are NEVER brought to court by consumers but ALWAYS by competitors who want to server their own interests. The super rich have power only because the politicians have the power to tell us what to do by force. Just ask Susette Kelo who it was that took her house by force.

[@wwg1wga24]

Lock her up! She is a monster!

[@Kitimaniac]

Trust the plan! xx

[@HotCuppaCoffee]

Sir; If we are going to have a meaningful conversation, you really have to know what you are talking about. Otherwise, I'm just educating you. There are plenty of resources available on the internet to provide you with all the historical data required for informed discussion.

[@brian_john5834]

She actually used the 'boiled frog' analogy. Lmao.

[@HotCuppaCoffee]

You sure took a lot of words to say, "I completely missed to point of this lecture."

[@Snags50]

There is no point.

[@HectorWPadilla]

I agree with her, minus the stats she provides. My main reason is due to how things feel, you feel the wage stagnation for almost 20 years in my line of work, the rising healthcare cost, the rising taxes as well as the hidden tax of inflation. My wife and I both work, she works 60 hours a week for the largest cell phone provider in the US, and I work an average of 63.5hrs a week for the biggest intermodal trucking company in america. We have no kids, rent and that's it and yet have nothing

[@kaushikvsmaniyan]

"suggests that globalization and new technology are actually fueling, rather than closing, the global income gap." Isn't this due in large part to the ambition levels/hunger to succeed of individuals?

[@DE4DF1SH]

It's more complicated than "ambition to succeed." Pregnant moms who are part of that rich 1% are more likely to get prenatal care, receive current medical advice, and enjoy general health, fitness, and nutrition. Rich babies come out healthier and weighing more than poor babies. Rich babies get more time and verbal interaction with their parents and higher quality day care when not with their parents, and they have better toys that help with development. When they enter kindergarten, and through the 12 years that follow, rich children benefit from suburban schools that spend 2-3x as much money per student as schools in inner cities or impoverished rural areas. Poor children are taught in classes that are often 50% larger than the classes of rich children. After highschool, rich teens tend to have better SAT scores, so they get into better colleges. Because rich families can save some money while poor families must spend what they make, most poor and working-class families can’t save up enough to pay off their student loans, their cars, or to buy a house. Working-class parents can’t afford day care, so the process of educational inequality repeats itself in the next generation. Finally, affluent Americans also have longer life expectancies than lower- and working-class people, the largest single cause of which is better access to health care.

[@kaushikvsmaniyan]

@@DE4DF1SH why do people have children they cannot afford when there are so many contraception options available? Sounds harsh but life is that tough. The welfare state has blinded us to reality

[@thesumeriangod5421]

Why do these videos not even get 500,000 views?? Especially given the dates.