George Friedman on Wrath and Political Polarization - from Mauldin Economics

[@jamesstuart9528]

Thank-you George Friedman for reminding us of the dynamics of change over time; the stuff of which history is made. Nothing stays the same other than, perhaps, human nature. As parents we watch how, in spite of our best efforts, our children go on to make the same mistakes that we did at that age, rejecting our experience as irrelevant to the challenges facing them. Societies and nations are not that different. Change is inevitable. Those who manage change by remembering the lessons of the past, but not becoming stuck in the past, have the advantage in devising creative solutions for the present. Those who proceed from a basis of ignorance of the past are hostages to an uncertain future; a future they are poorly equipped to meet. Mr Friedman should be giving seminars to our elected representatives. Some of them will appreciate the Importance of his work and it’s potential for future proofing, as best we can, our kindred nations.

[@bigmacattack7747]

I'm so glad this has resumed, hopefully we won't have to wait as long for the next interview.

[@markusklar440]

he's just an old blubbermouth talking nonsense

[@bigmacattack7747]

Lmao what a witty and well thought out critique of his positions, did it take you long to come up with? Pull your head out of your asshole and get some sunshine mate

[@winfriedbij684]

12:30 "Money is so cheap because there is so little to invest in". In my humble view there is still a lot to do with money, but those who have the money don't know what to do with it. They-Just-Have-Too-Much! If you earn $1000 a month you'll spend it all, but is you receive $10mln a day you'll save/invest most of it. Ultimately you pile it up like Dagobert Duck. In 60 years all prices and wages have gone up by percentages. That led to a diversion between rich and poor, an ever increasing wealth-gap. Wealth has accumulated gradually since the 1960's: the richer became richer and the poor poorer. In high inflation periods the effect is prominent, but it happens sneaky if the inflation is a mere 2% for many decades in a row. To stop that process we have to raise income not with %%, but with $$. Pay all workers, retired people and those who live of a state-payment $500 a month extra, each and every year. The top-management will get $100.500, $101.000, $101.500 and the youngest front desk employees $1.500, $2.000, @2.500..... Then you'll see the middle and lower class workers will consume more, buy houses, cars, start families. There will be less criminality, less tent cities. The rich will stay rich, the desperates will have futures. If we don't stop to increase salaries by percentages, the entire middle class will end up poor. They become homeless in a few decades, also because their savings/pensions erode due to the low interest rates. An alternative is to share the billions over the millions: redistribute all the money evenly. Tomorrow. Give everybody a carload of money, taken from the 1%. That happens during a revolution. Most of them were bloody. Old organizations have to re-invent themselves, maybe twice every century.

[@oscarvandermeer9784]

Good old George

[@ytyt3922]

Interesting. A lot of what he’s predicting re: geopolitics seems to jive with Peter Zeihan’s assessment. Zeihan also believes that Turkey and Japan will do well, and that China will not.

[@helmsscotta]

Considering that Zeihan used to work for him, not surprising.

[@robertagajeenian7222]

The problem is that there is a difference between "globalism", which is an ideology and consequently a required attitude. "Globalization" should be thought of as a process, which does not necessarily require acceptance.

[@trankt54155]

Predicting the future is like predicting the weather....Depending on where you live it could be either rainy, sunny, stormy, snowy or gloomy.

[@Shadi_Wajed]

No one is predicting the weather depending on where they live, they do it depending on the natural forces at play and how are they going to develop until they reach where you live, a storm that hits the US for example doesn't originate in the US, it originated somewhere else across the oceans. The same thing applies to predicting the political "weather".

[@trankt54155]

@@Shadi_Wajed Don't be a smart ass. Re-read my comment again and understand what I say---not what you THINK I said.

[@TrassseB]

You guys need to stop lacking and make more videos 1 video in 6 months come on

[@buttert5091]

I respect George, but about China he and a host of commentators have predicted its fall for a while. (Gordan Chang, I see you dont you try to hide) Why I dont believe him, is that he speaks from an academic perspective not a practical one, as do most of his contemporaries. I have listed to Westerners (Bankers and Investors, Lious Vincent Gave, David Goldman etc) who have worked in China for years and say that china is not going to collaspe, I tend to believe them over people who predict trends by studying data, statistics etc rather than living and working in China. The fall into the trap of statistics, Data which dont tell you as much as being in the system. I used to subscribe to his Geopolitical futures, but after a while, I got tired of his data, statistics heavy approach, he was right and wrong on somethings to be fair (plus his America centric lens, which I felt does not make his analysis objective enough. Caspian Report which is free is more accurate and objective in my opinion) Thats my 2 cents, I am open to hear other opinions

[@trankt54155]

China is not going to collapse because it is an open system with capital inflow from the US in particular and the West in general. So whatever mismanagement from centralized planning would be remedied by massive trade surplus and intellectual property theft from the West. The Soviet Union, unlike China, collapsed because it was a closed system without external input of capital and despite how much natural resources and the talent its people had it was ultimately not enough to make up for mismanagement from centralized planning and inefficient use of resources.

[@buttert5091]

@@cyberpunkalphamale Scary and unprecidented yes, however the are attentive to this issue and with current technology have tools to be able to handle this if their policy is successful. Theres a good exploration of the subject by Caspian Report, you can check out his video on youtube

[@pyrat3538]

@Daniel Natal i think you are wrong. think about china as mexico and US combined. you have very poor areas which are the sources of cheap labour and rich costal areas, where you have a similar standard of living as here in germany. i lived in china for a few years and i am sure china will surpass the US in every aspect

[@vickyjoshi1913]

Fantastic

[@aon10003]

Since the Middle East is being decided between the greater countries, it would be suicidal to break up EU.

[@superfreiheit1]

ad to 13:00, its also a tax system, that benefit the high wealth and high income people. That you forgot to mention, George. This is the so called freedom.

[@dagramirez]

@Joe .... everyone knows that the rich people gets richer regardless.

[@chikorita5919]

Spot on Nippon. Japan will always be a 1st-tier nation. :-)

[@waldemarjakowlewitschoswal8235]

japonese intensifies

[@inter3684]

He's very interesting person to listen to, I think world is in transition, everything is not as usual.

[@inter3684]

@Bakshi Baksi I think he exaggerates Turkey. He's very supportive of Turkish military operation in Middle East, and that is suspicious enough

[@GeopoliticalFuturesGPF]

@Bakshi Baksi George Friedman is originally from Hungary and immigrated to the US with his family.

[@waldemarjakowlewitschoswal8235]

@Bakshi Baksi he is a american ultra nationalist, neo con

[@waldemarjakowlewitschoswal8235]

@Bakshi Baksi but i like george, got really good infos

[@markusklar440]

@@waldemarjakowlewitschoswal8235 i agree, he is a neocon like Wolfowitz who thinks the US is the indispensable power

[@pyrat3538]

this guy predicted a war between japan and US in the 80s and that poland will be a superpower and going to war with turkey (...) and hes always wrong about china. old habbit i guess

[@mtn1793]

If war is a corrective in any sense of the term it is only so from one set of problems to a newly created set of problems. One step forward two steps back. The human animal better set a higher bar than that and soon!

[@neltfelix7221]

chaos is a ladder

[@aranxu7976]

i swear i cannot understand what this guy talks about

[@trabrex7697]

👍

[@gmann8986]

He never directly answers the question, he just pontificates about everything else. I don't believe he can see what is directly in front of him. Moreover, this was two years ago. He was wrong.

[@noobmaster-no3yq]

EU: Turkey..? Naah Turkey: What can you do without me! EU: Shut up! Let’s talk! Turkey: I’ll do the talking - - China: ... George, be quiet! - - Japan: Banzai! USA: Ok, I am leaving anyway! Japan: Sure you will

[@mihaisoare]

"Nations like Europe" ?🤔

[@brucewilds7102]

Anti-globalism or populism folds into a larger discussion. Framing this in a biased way, people have rushed in with claims this is about factors such as racism, religious intolerance, and more. The truth is the many types of change occurring are hammering away at our culture in ways few people would have imagined. More on this subject below. More on this subject below. brucewilds.blogspot.com/2018/03/the-stop-globalization-or-populist_13.html

[@juanma4598]

This guy is so wrong about China!! Unreal that they still consider his opinion as valid..

[@brettquimby3274]

Friedman is right the globalization is dying, but that doesn't mean he's right about everything. China and Japan are countries where Friedman is continuously wrong.

[@Trials_By_Errors]

Ok!!! China is declining?????? And Turkey is Rising 🤣🤣🤣🤣🤣

[@Wiliamstuff]

My wife loves Trump!