Donald Trump is a Classic Corporatist

Radical anthropologist David Graeber analyzes how Trump fits into US history who represents real estate interests above all else
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[@9000ck]

My god, I just discovered this guy. So sad that he and Michael Brooks are no longer with us.

[@miguellucasmendes201]

Rest in power David Graeber! Thank you for such wonderful lines of thought, critical thinking against the empire.

[@SomethingImpromptu]

I love Graeber. He approaches complex sociological, anthropological, political, and economic topics in such an unpretentious, straight-forward way while also giving solid, reasoned academic arguments in the more technical areas. His ideas and theories are a great synthesis of the common sense, pragmatic approach and some very intelligent radical analysis.

[@colinshaw3776]

Your easily fooled because your ignorant selectively so.

[@stevenglansburg856]

Colin Shaw lol

[@marygunning5121]

@@colinshaw3776 Are you the bright boy Colin Funny I don't see you anywhere.

[@colinshaw3776]

@@marygunning5121thanks,I guess I owe it to my brightness🌷

[@coreycox2345]

@@colinshaw3776, Perhaps you are being strategic?

[@BobbbyJoeKlop]

More Graeber! Such a genius.

[@vingag128]

Graeber! but i just met her !?

[@dowskivisionmagicaloracle8593]

90% tax rate in the 1950s? More like such a liar.

[@TakeyMcTaker]

www.politifact.com/truth-o-meter/statements/2015/nov/15/bernie-s/income-tax-rates-were-90-percent-under-eisenhower-/

[@Jojo-kv6iv]

MajorLeague An educated fool? He sounds like the opposite to me. One of the few that is educated without becoming a fool. Today I see so many college proffesors and students alike, being completely stripped of insight, oblivious to reality and generally incapable of using the book-theory to anything useful.

[@newagain9964]

@@dowskivisionmagicaloracle8593 it’s true. But only on paper. No one actually paid that much. Tax laws overhauled in 50s.

[@timothylee6859]

Wow, what an eye opener. I'll never look at finance in the same way again.

[@krpcannon123]

Noam Chomsky has been speaking this way for a while

[@milascave2]

keith: Yea. I wonder if thre is a video of them talking? I don't think it would be a debate, I think that they would agree on most things.

[@fndthousing]

There's at least three WOW moments in this for me, top stuff! I'm gonna rewatch!

[@naveed210]

Can you list them please?

[@stevef4010]

That last minute about the corporate tax is pure genius. You can see the transition from the 70s to now. Seems like an easy fix to bring back the middle class, even if they are BS jobs.

[@cryp0g00n4]

But I'm not so sure about this. I think innovation/research and development is not driven by taxes but a trend that is speeding up. I might be able to agree regarding the standard of living of individuals improving under higher corporation taxes however.

[@stevef4010]

@@cryp0g00n4 if you spent money on R&D it would not be taxed. Only the residual income not into the business or two employees.

[@coolioso808]

@@stevef4010 We can't really go backwards to re-tread old monetary-market regulations because are in a new era. The real truth is that the monetary-market system is unsustainable itself. The longer it goes, more problems pile up. We can see that happening all around the world. No secret. But the 'secret' is what people don't really know and don't really want to say: Money. The monetary system was set up long ago as a means of enslavement for the people by the ruling elites. It is still used that way today. Today, it is the very elite bankers and their corporate friends who rule. The answer? System change. If we aren't looking seriously at ways to create system change, then we are "insane" by definition being "doing the same thing over and over again expecting different results." We can't solve problems like poverty, homelessness and inequality in a monetary-market system because that system creates poverty, homelessness and inequality. David's research is a great contribution to society. Along with Peter Joseph, The New Human Rights Movement and Michael Tellinger's Ubuntu Contributionism. Hopefully more people are waking up to the truth and organizing with each other to do something about it.

[@ujean56]

Although real estate can't export its product, globalization has enabled real estate to import its customers. Ergo the real estate bubble.

[@frontiervirtcharter]

The other thing fueling the real estate bubble has been the low interest rates, especially when the rates stayed below inflation for too long. $1000 per month covers a much larger principal amount at 2% interest than at 5% , or the double digit rates that we had in the 80's

[@jandrashriker5861]

I miss you so much man! Please comeback to life.

[@ontological_clips7486]

Powerful author and thinker. Pleasure to find he has a presence on youtube after reading him for a while!

[@sheikhakbar2067]

KZbin Algorithm needs to recommend more of such videos.

[@mustie3682]

This aged well

[@alinebaruchi1936]

Hi.

[@saturngenesis1306]

@@alinebaruchi1936 Hey.

[@Pete_xp]

Yep

[@kazexmoug705]

Started reading his stuff this year, this is part of my self education.

[@forlornhope2156]

Just watched this in august 2019. A fascinating watch!

[@vajliakduke6231]

i be amazed at the part he talked about higher tax rate help create more R&D and productivity, the opposite to common sense. But it's seem to be true recently. Lower tax rate gave big corp extra money so they can buybacks share and do little capital expenditures compare to the past. I wonder if there's any data support what Graeber said.

[@Secretsofsociety]

Low interest rates do the same thing as what he says low taxes does at the end. A lot of corporations are taking on debt to buy back stock instead of investing in productivity.

[@lucianoosinaga2980]

lol at 0:11 he pushes away the banner. whoever made that, kudos

[@lizarosa156]

Hes a genius. I love listening to him.

[@jamesbooth2361]

“The more instability they create the more the dollar is worth”

[@MrAgreeandDisagree]

I'd like that to be true, but... how?

[@michaelwright8896]

@@MrAgreeandDisagree I think this video explains it. kzbin.info/www/bejne/gqmtiGqeoZ2ip68&ab_channel=TheGuardian

[@mirandansa]

Very informative.

[@Yourismouter]

interesting interviews!

[@vajliakduke6231]

Wow, i be amazed at the part he talked about higher tax rate help create more R&D and productivity, the opposite to common sense. But it's seem to be true recently. Lower tax rate gave big corp extra money so they can buybacks share and do little capital expenditures compare to the past. I wonder if there's any data support what Graeber said.

[@strongfp]

Just look at the stock markets right now. SPACs are at all time highs, experimental company's like Tesla and several e-commerce are at all time highs, bitcoin is way over valued. The markets are at record highs for the strangest of company's, yet unemployment is at record highs, bread lines are at record highs, and traditional stocks like energy and transportation are on sideways trends. The stock market is supposed to be a indication of the economy, but clearly it's not. A correction is coming, and it's not going to be pretty.

[@dabay200]

very insightful

[@liam314]

12:04 Putting money into finance, "basically trapping other people in dept and extracting rents of one kind or another" 🤔 Wow, we really are either the sheep or the wolves in this world!

[@FJBRDALLAS]

It is the oldest trick in the book, literally, read the bible.

[@kuttymoonji3645]

FJBRDALLAS which chapter pls?

[@milascave2]

kutty: well, there is stuff in Genesis that describes this.

[@sublow]

this is amazing

[@ActionableFreedom]

Finally a good analysis. Corporatism here is explained without inherent bias. Thanks TRN. You guys really rock! Edit: Finally I mean Im 1 and a half years late. Lol Boris gj! xD Though I guess I knew parts of this earlier too. The argument about banks is just brilliant. Wish I could study under this professor.

[@Cy5208]

AAA + content

[@nothingmatters321]

Good stuff, though I think it is pushing things a bit to say Trump ran as a "peace" candidate

[@Bradford_Betz]

I love professor MacGruber.

[@krpcannon123]

I read Peter Thiel's "Zero to One" and I appreciate his concern for our time's lack of optimism and technological venturing

[@mrzack888]

federal reserve not holding more US treasury bonds means increase in fed funds rate will occur. Fed's no longer buying T bonds in the 2ndary market means less reserves, means the banks will have to increase lending rates to entice overnight monetary market lending to each other.

[@CriticaLxThoughX]

R.I.P.

[@casssaph2287]

"is donald trump an anarchist" oml who the hell asked that and what were they thinking???

[@frontiervirtcharter]

Trump himself, no.. But some of the Q-Anon crowd sure come off that way

[@muhilan8540]

Who is the Harkin mention at 1:29? Nora Harking perhaps? en.wikipedia.org/wiki/Nora_Harkin

[@philipocarroll]

He is wrong that the US cannot default. It could, it could refuse to make a debt payment which is a political possibility. It's true in the sense that the Fed can simply make up money to service the debt but only if they are allowed to. It may be true that such a default need not necessarily cause a collapse in the value of the dollar or the debt. Then again the fact that the USD is a reserve currency to the world only rests on trust and the beliefs of investors. It may be hard for a rogue US administration to destroy that trust, but is it really impossible?

[@Haden475]

DAVEY GRAVEYYYYYYY

[@SignOfCalm]

Interviewers learn real quick to STFU when he’s talking.

[@alinebaruchi1936]

Ensinar o quê é a firma e como se tornou hostil às pessoas após... 40 anos. 40 anos.

[@TheSeekersofTruth]

Max Keiser with the Keiser Report says the US petrodollar will crash.

[@myroseaccount]

He was wrong on telecommunications deregulation

[@AntonioGarmsci-cy5vt]

Anarchy!

[@n1mbusmusic606]

this guy is one of the very few people on earth talking in front of a camera who ISNT full of shit in some way. i really really mean that. green eggs and ham.

[@kevinward3261]

Will Roberts yo I get it but no. listen to what he's saying instead of hiding behind fashion. he preaches easy sentiments to the choir which can be annoying and I agree but actually listen you probably formulated your opinion before the video was even over. he's incredibly insightful and we'll meaning individual very well read and has a lot to contribute just listen

[@uttaradit2]

'green' eggs??

[@milascave2]

will: He is way to the left of liberal.

[@alinebaruchi1936]

"Jogar avião no prédio... pq posso"

[@torso99]

bitcoin vs dollar?

[@alinebaruchi1936]

"Fazer um muro... pq eu posso"

[@iwanbonnen]

Did he say »Crump« instead of »Trump« there at 1:02?

[@DDshoeshowz01]

Yes

[@Jojo-kv6iv]

David Graeber is probably the smartest thinker in socio-economics alive. I say hes on level with Adam Smith, Keynes and Cyril Parkinson.

[@alinebaruchi1936]

Todas as políticas de destruição e construção estão se baseando em corporações fazendo coisas loucas. E eu tenho cada vez mais medo de quão longe podem ir por poder desde os anos 70. Tacaram aviões em prédios, atacam com navios, fazem guerras assimétricas loucas. E não fazemos ideia do porquê. Eu acredito que são kkk pra pior

[@paulvalentine4157]

While I don't particularly like this guys ideology or his book, Debt. I think the points he makes that are true. Trump is a Keynesian and he represents the divorce of real estate and finance. I don't think he misrepresents Trump and the people who will stand in his way are the Republicans. This is false?

[@Phi1eap]

10:53

[@harperdellastrada8284]

Comrade ⒶDavid GraeberⒶ

[@bonnevie9]

Harper Dellastrada dumbest comment today , shit for brains

[@aprilmackay8254]

if you don't agree with someone: pleas keep it positive, not aka not name calling: Look at it as a Teachable Moment. A very huge problem with our US culture/ politic is namen calling instead of educating each other

[@barristanselmy2758]

Comrade my ass. What an idiotic comment. Stalinist psychopath.

[@barristanselmy2758]

You need glasses April.

[@chrissolomon1151]

Oy Vey Shut it down Graeber is an anarchist, a kind of socialist, so yes he's a fellow comrade

[@LK-uz2pg]

I don't think you can attribute the successes of Bell labs to high tax rates, and he didn't really give a proper explanation for that statement.

[@frontiervirtcharter]

He was saying that the high tax rates were an incentive for Bell to keep the research budget high. But the success was not just from throwing money, it also came from giving it to a bunch of hardworking smart sicientists and engineers who were led by managers who could put the resources toward long-term goals instead of next quarter's stock price.

[@jacobitewiseman3696]

So you guys are just news just news.

[@budthecyborg4575]

6:09 I've been saying this for a long time, this is the entire reason Trump is in. It's a shame he was met with so much resistance (regardless of how much you don't like "him").

[@lul220]

Sowell argues the opposite regarding corporation tax. Who is right?

[@ryancarroll2886]

Never Sowell.

[@lleo418]

everything this guy says is only new to Americans not to the rest of the world

[@MegaCokamo]

Lucy Leo WRONG

[@BLUEGENE13]

why are non americans (i'm not american) are so rude to americans. Is everybody really that jealous of them?

[@CG0077]

Lucy was obnoxious here but its not jealousy, just a bewildering frustration by a cultural and social discourse imposed on us by international media etc.

[@bryandovbergman5654]

Oh yeah, he was murdered

[@dowskivisionmagicaloracle8593]

BitCoin will take that "seniorage" from the United States.

[@tracyleighbasham]

😂😭

[@ispinozist7941]

I love Graeber's book on Debt, but this interview makes me cringe.

[@magnuscritikaleak5045]

Mussonlini fascism.

[@furyofbongos]

10:53 Graeber on Trump wanting to reduce corporate taxes in half: "The stupidest thing you could possibly do if you want to increase actual investment by corporations." He goes on. Interesting, but not so sure he's right.

[@ernststravoblofeld]

furyofbongos History is pretty clear on that. When taxes are higher there is less incentive to take profits, and more incentive to increase workers pay and invest in research and development.

[@Buddfox]

Gibberish...LSE giving professorships based on waffle and piffle.

[@TheDesertRat31]

Wow, such an articulate criticism.... No.

[@BLUEGENE13]

i rate this (interesting) but probably not correct sort of Freudian psycho analyses about trump as this or not, and hilary as this or not quite low on the scale of intellectual endeavor.. It's probably incorrect and more complex

[@buddinganarchist]

Graeber did support Antifa on Twitter.

[@RepeatedFails]

Of course he did. I love his breadth of knowledge, but I do not like the replacing of "increasing prosperity for average, home-grown Americans" with "racism". Then again, he's an evil racist bastard or whatever

[@MegaCokamo]

Antifa (reactionary left) has common cause with the people they hate, fascists

[@BLUEGENE13]

antifa is a scourge that just virtue signals and breaks windows. They're scum

[@milascave2]

raabert: No they don't.

[@milascave2]

blue: It has been a wide range of people, The window breaking thing happened at first, because of the roots of what kind of black block movements they grew out of. But later they became more focused on just fighting Fascists, not doing generalized acts of symbolic violence like the Black Block used to do. You could say that shite got really serious, so they grew up.

[@BobanOrlovic]

That's not what a corporatist is

[@redmotherfive]

Is it just me or does Graeber look like he would rather be doing anything other than an interview?

[@hateyouifyoukillme]

This guy is just calling everyone a fascist.

[@totalfreedom1282]

no he isn't.

[@shakerson]

No, he's calling corporatists fascists, because they are. And Mussolini said it himself.

[@HerrBaton]

well, the world is ruled by fascists, there is a lot of them, and even more of people like you who live in their "democratic" dreams, and don't like to face reality, so they'll engage in bashing everyone that says a word of truth. You are like the guy that says "but It's the King, stop saying he's naked, all you anarchists always say the king is naked, you are so ridiculous". Maybe you like your life in the industrial concentration society, I don't.

[@milascave2]

shak: No, he is saying that all Fascists are corperatists. He didn't say that all Corperatists are Fascists. He said that Maria Le Penn is a Fascist, which she of course it.

[@Meftu]

​@@shakersonFascism is corporatist. But corporatism isn't inherently fascist.

[@FizzVizard]

People think this man is clever and then he says something really childish and stupid, like 'Trumps an evil racist bastard' . SMH...Typical LSE professor.

[@unknown1129]

Lol this guy very smart but in the same sense not so much... Lowering taxes to have small business hire more employees who they then selves having lower taxes with spend more stimulating the economy

[@coolmasterx5707]

the tax only applies to corporations NOT small businesses.

[@TheLoreLodge]

I'm only a third through but the prime issue I'm noticing is that this guy is an anthropologist, and he seems to have a serious misunderstanding of the actual theory of economics past price floors and ceilings. He's also using these terms like "classic corporatist" and "fascist" in ways that don't make sense. Corporatism is a practice in which the government is essentially run by the corporate lobbies, and they pay for candidates' campaigns and in return receive political favors. Fascism takes the corporations out and makes them subservient to the state, which is actually the opposite of corporatism though it has its similarities in that the two end up being symbiotic. Trump can't be a corporatist for a very simple reason - he ran a 100% grassroots campaign. He didn't take donations. He didn't make deals with companies to get their support, he made deals with companies after being elected to cut their taxes and regulations if they'd stay in the country. He didn't do it for their support, because he didn't need it. In order for a candidate or a regime to be corporatist, the governing party or official has to be in the pocket of the corporations to some extent.

[@QuarrelsomeLocalOaf]

"He ran a 100% grassroots campaign. He didn't take donations." Utter bullshit. He self-financed less than 20% of his campaign. www.opensecrets.org/pres16/contributors?id=n00023864

[@ernststravoblofeld]

Aidan Mattis Trump's campaign only got serious when Mercer's super pac pulled it's support from Ted Cruz and shifted to Trump. So where does the "grass roots" come into it?

[@dimitrijeb5039]

www.opensecrets.org/pres16/candidate.php?id=N00000019 compared to Hillary, it's nothing :)

[@jb_lofi]

With all due respect, I hope you no longer are this bewildered. Trump sought donors, and received plenty of money from them, and has a history of making corporătist statements. His cabinet has included Goldman Săcchs executives who wrote his tax plan, and one ExxonMobil executive, and a variety of stupendously biased, radical capitălist, inappropriate persons such as anti-public school activist Betsy de Vos and Scott Pruitt. Every single step of the way he's shown that most of his campaign rhetoric was a lie, and his economic policy is essentially G. W. Bush Mark II. He also has massive debt held by Wall Street. He fits EXACTLY the bill you're saying he doesn't. The Carrier deal (which was a DEAL, by the way) was a dog-and-pony show, he never had any intention of stopping them exporting jobs, and the jobs were exported anyway once the media wasn't looking; he exports his own jobs, of course he was a liar about this. Just as he lied about his campăign financing, or his intention to drain the swamp when he intended to appoint them roles in his executive. He signed multiple bills with single-digit approval ratings, at the behest of the telecommunications/ISP industry, he doesn't give a heckin' boop about you people. As for the făscist/corporătist thing, they're not mutually exclusive. Făscism is a system of government characterized by totalitarian strong-man rule and extreme nationalism. Făscists don't eliminate corporations (watch out for the bait-and-switch trying to conflate făscism with sociălism), many were pro-corporate, and a oligarchy of corporătists can be făscist. All they need is some kind of strong-man authoritarian leader as their figurehead. Maybe a guy who says "we need to do more torture" or "the minimum wăge should be abolished, and taxes should be lowered even further." Or "we gotta take out their families" and "leăkers like Snowdēn should be executēd." Or, I dunno, maybe one who does the classic fascist tactic of scapegoating a demographic when the mass public is feeling discontent at their exploitation. Maybe says something like... "Illegăls are killers and răpists." Can you think of such a guy? :s Forgive the weird characters.

[@manufacturedreality8706]

In order for a candidate or a regime to be corporatist, the governing party or official has to be in the pocket of the corporations to some extent. He is the Corporation! He's making himself, his family and his rich buddies even richer, by tax cuts and deregulation. Before you had corrupt politicians serving the interest of the Corporations, now you have a corporate head in power.

[@doubtunites168]

an anarchist defending high taxes. LOL. wolf in sheeps clothing

[@tranquil87]

You must be an anarcho-capitalist, i.e. a fake anarchist, if you think that anarchists can't comment on the fact that regulated capitalism functions better than deregulated capitalism, even if both are ultimately undesirable.

[@psilocybemusashi]

trump is not racist you have completely discredited yourself.

[@promptcraft]

things everyone knew would not age well