Is Capitalism Working? A Conversation with Oren Cass

[@notmyrealname9032]

Oren talks so much sense. All American workers should listen to what this guy is saying.

[@SchoolofDivinePhilosophy]

If only a majority of people were interested in this subject and were capable enough to understand!

[@user-ks3ol3lw3b]

The title above makes me think of intellectuals debating 'Do passenger jets work?' somewhere over the Atlantic from London to New York.

[@robertdavis9246]

Columbia financial academic talks about Adam Smith and then asks for massive payroll subsidies. Poor Mr. Cass talking to liberal,fools

[@jacobgiese2592]

Love Oren!

[@adamhustler3639]

Fiduciary responsibility and the idea of "maximizing" short term quarterly shareholder value is a bane on capitalism.

[@fizzled95]

Because we don't have Capitalism. We live in a mixed economy. We have some markets that are left alone mixed with a heavy hand from the State. You might want to start there. So, the central theme is that Oren wants the government to control all of the outcomes in his way. Yeah, sure. That'll lead to the promise land.

[@PMKehoe]

ALL of the people in that room, under oath, would/should make a testament as to how Capitalism works in their lives - surely? :)

[@DrKennethYoung]

Awesome discussion

[@davidknecht]

Why do I find it hard to believe that we need more workers in factories today to get the same output as 10 years ago? You're saying the robotics have done nothing?

[@karelnovak8818]

10 years ago America already had huge trafe deficit.

[@markcorrigan3930]

No, I'm saying there is no robotics in America. There are fast food jobs.

[@chickenfishhybrid44]

Based Oren.

[@markcorrigan3930]

15:04

[@markcorrigan3930]

18:29

[@markcorrigan3930]

44:00

[@markcorrigan3930]

46:55

[@markcorrigan3930]

48:56

[@markcorrigan3930]

52:04

[@xbtman]

🌎🌏🌍🙂

[@richardv.2475]

Capitalism is working, but not for you.

[@tonydangelo778]

Depends on what “capitalism” is and what other solutions you have. The free market works - imperfectly albeit but it works. Central planning clearly does not work.

[@markcorrigan3930]

No.

[@futurethinking]

I am assuming you have your head on the sand and have never heard about Japan, Korea or China. China and Korea have central planning and industrial policy set by government but execution details where left to markets. Japan had the same thing but then the Chicago school boys in Bank of Japan kind of destroyed that system after the real estate bubble bursts.

[@mensrea1251]

Any theory of economics that starts and ends with absolutes is probably something only a lazy pseudo intellectual would believe. Jus’ sayin.

[@mensrea1251]

@@futurethinkingBingo.

[@tonydangelo778]

@@futurethinking so… market economies then. You are correct. That is superior to central planning The issue your missing is the same problem that western economies have: they try to control them. They’re not controllable. Demand will demand. Supply will supply. Attempts to affect demand will lead to cost inequalibilibrium. Attempts to affect supply will lead to cost inequalibilibrium. Best a government can hope to control is the cost of debts.