Matt Stoller dismantles Jamie Dimon's hypocritical Davos socialism attack

[@Aeyekay0]

As MLK said, there's socialism for the rich, and rugged individualism for the everyone else.

[@timmarshall7292]

Let's end Corporate Welfarism and Foreign Government Interventionism, but do not give more power to an elite in Washington DC who will force their sense of morality onto the citizens. Yes we have unequal social classes, but our poor are richer than 6,000,000,000 other people on the earth. Socialism will succeed in making everyone equal, equally poor, while our politicaly powerful Representatives continue to live in a big house on the hill. Let's reduce the power of our Federal Government and again limit its responsibility to only defending Liberty. Let's keep our treasure in our communities where we can voluntarily join and fund the organizations that best represent the causes that are important to us and hold our local Representatives more accountable. Less government and more Liberty for the citizens!

[@timmarshall7292]

@@evogaming2842 Our Federal Government has been gaining power and a strangle hold for over 100 years. As I said, let's end Corporate Welfarism, but not at the expense of Liberty. A king is a king and even good kings do bad things, so I will only put my trust in The Prince of Peace and King of Kings; until then, I will resist those who want to take away our Freedom. Remember, that majority rule is often not good for minorities. Less government and more Liberty for the citizens!

[@brennanwn]

@@timmarshall7292 Exactly

[@timmarshall7292]

@Ian G Sir/Mam, I am not apposed to government, but I want to keep them close; family, church/civic organization, community and State. You are kidding yourself if you believe you can trust any group of Representatives, right or left, in an all powerful Social Justice Federal Government. I want our Federal Government to be reduced in power with its only responsibility of defending Liberty; corruption graft and deceit can be rooted out by drying up their confiscated treasure. I do not want to send treasure to the bureaucrats in Washington DC anymore than I want to send treasure to a t.v. preacher who will never be there when needed. Under an involuntary Socialistic Society your poor will continue, the middle class will be reduced to poverty and your representatives will become the 1%. Big Government has allowed greedy Corporations to survive, so yes, less government and more Liberty for the citizens!

@@evogaming2842 Why don't you guys democratize workplace by creating YOUR OWN workplace and run it as you find fit?? Why do you want to democratize workplaces created by others?

[@christineherrmann205]

I thought Shaun King was right when he said Bernie's Tweet back dropped the damn mic. " You're only in favor of socialism when it's corporate socialism." Feel the Bern.

[@SteveM-gj2vy]

unless you have factories and unions, you wont be able to keep the uneducated from rising up, like thy are doing on this channel

[@richardlee9207]

Socialism can't print money, if it could USSR would still be here. MMT is farciscal economic "theory" that believe the gov can print money to fund gov deficit spending indefinitely. Sanders can't have the cake and eats it, too. A vote for Sanders is a vote for Trump because there is no way in hell Sanders can win, he can't even unite the left (never mind the whole Dem party), no one agrees with his printing money and spend policies.

[@SteveM-gj2vy]

@@richardlee9207 No one will find out they believe that crap, either. This will be like the guy who got smashed drunk and married a real bozo in Vegas. There's only one way to describe the current times: society is failing. Over half of america operates on misinformation. Sanders is the master at it and I cant believe the media is allowing him to get away with all these lies. HE HASNT DONE A PRESS CONFERENCE IN 4 YEARS. There's a reason for that !

[@randyhilton6629]

@@richardlee9207 The GOP sure acts like they believe it. Just look at how the deficits have always ballooned under their watch, at least in the last 40 years. No one has said you can spend endless amounts of money. kzbin.info/www/bejne/fZWypKyYl6eJe7c

[@The1stLumiens]

@@SteveM-gj2vy press conference? you mean like speaking to reporters and letting them ask any questions that they want? Or, did you mean actually going to 1000's of places and actually talking to people? You are wrong in both cases.

[@jima6331]

Krystal said it best: "Davos, where the top 0.01% gather to tell us how bad socialism is for the bottom 99%"

[@timmarshall7292]

You do understand that unless you are in extreme poverty, you are most likely in the 1% of the world and while I will agree to ending Corporate Welfarism, Socialism will only reduce United States Citizens to the 99% position of the world; equal, equally poor.

[@GrannyGlass]

Can you name a socialist country that other countries should emulate?

[@timmarshall7292]

@@GrannyGlass Some consider countries like Sweden as a Socialist Country and they have had some policies that lean in that direction, but have backed away from many of those policies; at one time they were wealthy, were of similar race and culture and very small in population; today Sweden has recently allowed 10% of their population to become Immigrants who do not share the same culture and were usually poor when arriving; this is giving them great instability. The United States has a population of over 350,000,000 and is considered the melting pot of the world; I would suggest we have the Liberty to voluntarily join and fund the organizations that best represent the causes that are important to each of us rather than allowing an elite in a Big Bureaucratic Government to force their sense of morality onto the citizens.

[@timmarshall7292]

@@GrannyGlass Is Sweden a Socialist success: kzbin.info/www/bejne/Z5qcd4RuaJmsfMU

[@timmarshall7292]

@@GrannyGlass The Swedish Myth: kzbin.info/www/bejne/n2LHhZStfMuCnMU

[@NealFowler]

i guess jamie dimon should return the bailout money huh?

[@mavraganisx]

Neal Fowler cute pic!

[@mching7282]

Neal Fowler FYI, JPMorgan did not need the bailout but was forced to take it, for the sake of other banks that needed it (if ppl knew JPMorgan didn’t need it, everyone would leave the other banks and move to JPMorgan). Capitalism to the extreme is definitely as bad as socialism to the extreme. We need to find out where the middle ground is.

[@NealFowler]

@@mching7282 they could've returned the money in one way or another. they chose to keep the money and then the guy decides to browbeat us about the dangers of socialism. god forbid he only keeps 50 million dollars as opposed to 55 million dollars.

[@SteveM-gj2vy]

they did, you dope

[@NealFowler]

@@SteveM-gj2vy show me

[@anneleagram8693]

Trans Atlantic slavery and capitalism are inextricably linked as well Jamie Dimon.

[@ericabassi7728]

Before the crash a millionaire, after the bailouts a billionaire. Disgusting.

[@trickdawg5521]

Wow. I hadn't thought of that.

[@DariusSarrafi]

Capitalism is the greatest thing that ever happened to Jamie Dimon!

[@BillNepill]

Right, for someone who hasn't done a job which adds any actual value.

[@fiattenebris]

By capitalism you mean corporate socialism, right?

[@LouisFPak]

Diamond: Socialism for me, not for thee.

[@GrannyGlass]

Can you name a socialist country that other countries should emulate?

[@briane596able]

Granny Glass social democracy is not social fascism, 2 are dramatically different. A majority of Europe systems are social democratic

[@darcyschneider8525]

@@GrannyGlass Netherlands, Norway, Sweden, Denmark, Germany, France, Italy, Iceland, Portugal, Finland...I'm getting typing fatigue...

[@GrannyGlass]

@@darcyschneider8525 Hmm weird. Is it an accident that all those places are at least 80% white or are you a white supremacist?

[@TrentRidley]

I've got to say, I really appreciate Saagar's presence on this show. As a progressive I naturally disagree with him at times, but I always feel that his position is well informed and the truth as he sees it. It's just so refreshing when the only other conservative commentators you see in the media are busy pandering to the powers that be for their own political, social, and/or financial gain. Just that little tongue in cheek remark he made at the end, "please keep him 'cause we don't want him", demonstrates it. I mean, name another conservative commentator that wouldn't have been falling over him or her self to simply sing the praises of Jamie Dimon and free market capitalism here.... ....and fyi, I very regularly find myself agreeing with Saagar. This again indicates to me that he is informed and truthful because although we come at things from fundamentally different perspectives, we often arrive at the same place. Why?....Because even in this post truth world, facts are still facts.

[@BeatsbyVegas]

TrentRidley iron sharpens iron

[@TrentRidley]

@@BeatsbyVegas Too right.

[@SteveM-gj2vy]

You actually think youre smart. BAILOUTS? if they didnt get the bailout WE'D BE IN A DEPRESSION STILL. why do you think youre an intellectual? YOURE ON A PROPAGANDA SITE ! zero successful people get their news from these two idiots

[@tippycanoe7341]

As a conservative, I mostly feel the same way about Krystal. However, Saager has been letting a lot of these slide. When he fails to put up any defense of things like free market capitalism or PragerU when it's called evil, it makes you wonder how far right he really is; or maybe he doesn't feel free to say such things with Krystal sitting there.

[@chadsimmons4496]

@@tippycanoe7341 PragerU is no different than Vox. PragerU consistently lies about Canadian healthcare. Sharing the view with Diane Finestein and Nancy Pelosi.

[@anandprahlad699]

The definition of capitalism: Privatize the gains, & socialise the costs.

[@richardlee9207]

Socialism can't print money, if it could USSR would still be here. MMT is farciscal economic "theory" that believe the gov can print money to fund gov deficit spending indefinitely. Sanders can't have the cake and eats it, too. A vote for Sanders is a vote for Trump because there is no way in hell Sanders can win, he can't even unite the left (never mind the whole Dem party), no one agrees with his printing money and spend policies.

[@charlesledbetter907]

@@richardlee9207 watch Bernie win.

[@antediluvianatheist5262]

@@richardlee9207 Except the polls say yes, Bernie can win. Socialism can't print money, but a government CAN. And the GOP know this. You know they never worry when they spend billions on war. Or Obama spends trillions bailing the banks. So if they can do it, why can't Bernie? Hmm?

[@ShoesMagoo]

@@richardlee9207 Do you ever grow tired of parroting troll talking points? How did you even end up here? Were you simply hate-watching, or do you like to search YT for the word 'socialism' and see what comes up so you can come to the comments and sling your attempts at being divisive with the same old and tired pro-capitalism rhetoric that is self-evidently bullshit?

[@50jakecs]

@@ShoesMagoo He's not even an American troll. At least, American trolls have a vested interest in acting against their own interests.

[@kevinlavelle2751]

“Once you have government taking control of businesses, it ends up in corruption.”-Dimon So what do you call businesses taking control of government?

[@notme1048]

Some call it State Capitalism...others call it communism

[@timmarshall7292]

Let's end Corporate Welfarism and Foreign Government Interventionism, but do not give more power to an elite in Washington DC who will force their sense of morality onto the citizens. Yes we have unequal social classes, but our poor are richer than 6,000,000,000 other people on the earth. Socialism will succeed in making everyone equal, equally poor, while our politicaly powerful Representatives continue to live in a big house on the hill. Let's reduce the power of our Federal Government and again limit its responsibility to only defending Liberty. Let's keep our treasure in our communities where we can voluntarily join and fund the organizations that best represent the causes that are important to us and hold our local Representatives more accountable. Less government and more Liberty for the citizens!

[@hugomaritz692]

@@timmarshall7292 I mostly agree with you but the problem is your oligarchy is so firmly entrenched atm that you have to wonder how such a change could be made without bloody revolution and because of the inequality a socialist revolution will seem more rational and appealing to the general public. You kinda screwed yourselves.

[@timmarshall7292]

@@hugomaritz692 I would agree with you in that Socialism will be bloody and unfortunately those who decide that is a good way to go have not considered the cost and don't realize that if they survive the revolution, will only be worse off, while their Representatives will soak up what is left in the aftermath; I will resist this sort of revolution, but will continue to prepare for the aftermath. Less government and more Liberty for the citizens!

[@ulissesarredondo8674]

@@timmarshall7292 it's inevitable and I suggest you prepare yourself to live to see that day come.

[@Nophotofound]

Hi, i live in Sweden. Many of us feel it's strange that you Americans think Socialism and capitalism are mutually exclusive. We have are a market place socialism here. It's been that way forever. That means that we striving towards having the best parts of both Socialism AND capitalism. Let me explain: We have a big welfare state yes. That means = free healthcare, free college, lots of unions and out of work comps. But we also have a thriving free capitalistic marketplace with big successful companies that drive our economy. The idea is that you cant pay for a big welfare state without a strong and healthy economy. At the same time, you cant have a strong economy without a highly educated population and a system that gives EVERYBODY a chance to succeed. Also - you need a healthcare system that covers the workforce or else you end up with lots of people that cant contribute to society. If Sweden is a company - the idea is that the company thrives when the employees are happy and safe. That's how a country with just 9 million people create companies like H&M, Volvo, Spotify, Soundcloud, Minecraft, and IKEA. Just to name a few. Another important difference between our "market place socialism" and your "free and wild capitalistic system" is that we regulate our market place. Regulate lobbying. Regulate stockmarket. Regulate industry standards to make sure individual greed doesn't overpower the good of the nation and the people. The moto is: we all win economically in the end if we look after everybody. Another We also make sure that industries that essential to our citizens are more closely regulated. This means industries like for example --- medicine, power, telemarketing(internet/phone), and alcohol. You see the only way to really make sure your democracy is fair and support real individual freedom is to make sure the weak are not taken advantage of the powerful. if the collective is strong and safe.. the individual has more freedom. Freedom to work, Free to create, to educate themselves, to start a company ---- when the individual succeeds they then pay it back to the collective. You see.. To me capitalism only works for everybody when you throw in some socialism in there ;)

[@schticknic]

Great comment, but SoundCloud, Spotify and H&M suck ass. so..... :---)

[@racheldefaut2285]

@@schticknic That's like, your opinion, man.

[@50jakecs]

American fear of the word "socialism" goes back to the days of the red scare and McCarthyism, which were crappy times for America but enough people got brainwashed so we're still paying for it. (and the flag waving Rambo movies didn't help)

[@tegridyfarms9972]

Please don't lump all Americans together. Some of us completely understand what you're saying. Unfortunately, a large portion of our population has been brainwashed by mainstream media to think the word socialism is evil.

[@Nophotofound]

@@tegridyfarms9972 youre right. I meant more like "the majority of american media"

[@dvdv8197]

Petition to change his name from Dimon to Demon? Ugh, pure evil.

[@TCt83067695]

Where do I sign pls? 🖋

[@Mar-lz5xn]

Demon is a much more appropriate name for Jamie!

[@dvdv8197]

@@Mar-lz5xn my thoughts exactly haha

[@thomasbeltran5417]

He loves corporate socialism

[@tobyfunk6858]

As Jimmy Dore often says, socialism for the elites, capitalism for the rest of us.

[@SteveM-gj2vy]

How much of Jimmy's shows are free? He;s a predictory capitalist b/c he preys on the weak and angry

[@mitch2192]

@@SteveM-gj2vy Predictory capitalist? Hahaha, I suppose that also means fortune telling capitalist?

[@trickdawg5521]

@@SteveM-gj2vy I watch Jimmy Dore free all the time and I don't feel weak or angry. i feel..... progressive!

[@GrannyGlass]

Can you name a socialist country that other countries should emulate?

[@mitch2192]

@@GrannyGlass How about FDR's America in the 30's and 40's extending, in part, to the terms of Truman, Eisenhower, and Kennedy before being totally dismantled by the neoliberal policies of Reagan. It really depends on your definition of socialism because, as you know, there are actually variants of it in the same way that there are several variants of capitalism. There's the mom and pop capitalism, rentier capitalism, state capitalism, industrial capitalism, vulture capitalism, neoliberal capitalism etc.

[@charlesledbetter907]

That's why capitalism had the great depression and FDR had to use socialism to fix it.

[@brandonshaw27]

Charles Ledbetter boom

[@johndillinger8482]

what Roosevelt proposed was not supposed to be permanent.

[@FakeSchrodingersCat]

@@johndillinger8482 Source? There were no end dates on the new deal. And the majority of its programs are still around.

[@SteveM-gj2vy]

USA was in a depression until 1940. socialism only kept people from starving. USA ONLY RECOVERED WHEN THE WAR ECONOMY STARTED IN 1940. GERMANY WAS BOMBING ENGLAND. None of you idiots know a damn thing

[@alecjasonn]

@@SteveM-gj2vy and the reason we have these discrepancies is because the New Deal helped poverty significantly and reduced income inequality, but it didn't do enough to increase GDP or the Stock Market. We seem to forget that those things aren't what we should pay attention to when talking about the economy. We have to pay attention to people, how they are doing, and if they are better off than before. The stock market isn't the economy.

[@jmilandry5544]

Any sci-fi reader can see where this is going. The themes and goals of the 1% are evident. The great sci-fi writers were futurists and though the language may be dated - the trajectories are there. For example - living under a Theocratic government and understanding propaganda, see 'Revolt in 2100' by Heinlein. - Continents governed by massive Corporations, see Trader's World' by Sheffield. - 'The Foundation ' series by Asimov. Every one a good read, and more frightening, you can observe the writer's thought experiments - in increasing degrees - becoming realities in our lifetime. Expect an acceleration of government policies, rules and regulations designed to favor the 1% in the coming months before the US election. They will move to consolidate more power as a contingency against any newly-elected official who has audacity to want to thwart their efforts. The 1% attacks are already coming from different directions, and all at once - constitutionally, economically, social, cultural, etc... and they have the enormous advantage of owning nearly all the media to create and spread their own propaganda. Remember that the 1% and the Corporations have no allegiance to you or any one Country. Their reach and influence is world-wide, their purpose is wealth and power. The future is now, fellow global citizens. It's time to choose it. It's time to fight for it.

[@sharongillesp]

#jimilandry Very nicely said. We need more engaged people like yourself. Keep up the good work and spread the message in face-to-face interactions.

[@sheriaddis6573]

The NY Fed is giving banks $100b a day in bailouts RIGHT NOW

[@kevinlavelle2751]

Sheri Addis woah! Source?

[@jmilandry5544]

Hard Lens Media just did a piece on this, see KZbin episode of Jan21/20 and here is another article - wolfstreet.com/2019/11/06/whats-behind-the-feds-bailout-of-the-repo-market/ It seems the word is getting out how the Fed is starting to inject cash into the hedge fund market to stave off another fiscal collapse. Heads-up folks, google Feds, hedge fund, bailouts.

[@alexanthony6259]

Kevin Lavelle just google “NY Fed overnight markets”

[@ulissesarredondo8674]

That's a sign of bad times coming and yes I have also read about this.

[@Antman4656]

Yes because obama decided after the last bailout that he would pass res making sure that the bailouts didnt need to go through Congress for a vote next time the fed just automatically bails them out by printing money and lowering interest rates.

[@faisalamalo3695]

“What the capitalist seeks because of his greed, the socialist seeks because of his creed”

[@MrJrawks]

AOC is correct. There is no room for Jamie in our Party.

[@MrJrawks]

@Arlando Little no I'm just tired of paying more taxes than Amazon. Move on troll.

[@MrJrawks]

@Arlando Little your view is limited. Every single underpaid employee of Amazon and Walmart is someone else that is being subsidized by tax payer money because they don't pay enough. It's corporate socialism, privatizes the gains subsidize the loses. This system can't keep going. So broaden your horizons before you come here with your weak ass arguments.

[@rstanczu]

Jamie Dimon unironically appealing to how freedom requires freedom of enterprises, which-as we’ve seen-turn into mini-corporate totalitarian regimes where its subjects have precisely none of the freedoms espoused as virtue.

[@unreasonablyagreeable1081]

LOUDER FOR THE LIBERTARIANS IN THE BACK

[@tradeprosper5002]

I consider Non Compete and Arbitration (including NDAs) Agreements to be a violation of my Pursuit of Happiness. Didn't notice him mention those.

[@mikel6520]

“Free” (read: unbounded) capitalism is NOT freedom. Nor is it the “pursuit of happiness” - it is merely the pursuit of money.

[@SteveM-gj2vy]

you should get a job and pursue some yourself. will they let you into sweden where you'll pay 45% in taxes ?

[@marlow7376]

MikeL and power

[@schleprock000]

Steve M It’s more than that. I lived there for almost a decade. Income taxes were between 50 and 57. Sales tax (vat) was 25. Gas was about $8 to $9 per gallon. In the end, you probably controlled just over a third of your income.

[@SteveM-gj2vy]

@@schleprock000 I keep forgetting about the gas ! We need to add that in for these socialist geniuses. Greatest brainwashing in history. None of them are right on any topic. It's kind of unbelievable to see this happening. Reason it does are the Krystal Balls of the world who have no problem lying to these sheep

[@SteveM-gj2vy]

@Kevin Warburton socialism cost 45% and higher in 'every other Bernie country in the world.' And here you think you'll get it for free. Jimmy Dore thinks so as he's pocketing everyone's foolishness. Besides, you don't actually believe that.

Ugh. A capitalist completely not understanding he is actually for controlled markets. If we actually had free markets he wouldn't exist.

[@Dixonseider12]

Wow, that $416 billion government check didn't age well.

[@Zarastro54]

Not to mention cash crop colonial capitalism that led to hundreds of famines around the world for over a century.

[@Radhaugo108]

Davos, Switzerland: Is a "socialist" country. Last time I checked there is virtually no poverty and AMAZING social services.

[@hugomaritz692]

jesus Switzerland is not socialist. Nor is Denmark etc etc. Also the US is a very different animal. For instance I live in South Africa and I promise you socialist policies is the last thing you want to mix with rampant corruption. Then again in the states your corruption is so entrenched in a system of oligarchs that maybe some redistribution is the best way to go seeing as you can afford it (in a fantasy world where the military doesn't consume every available dollar). I honestly don't know.

[@garym6338]

Switzerland is NOT socialist. It has social programs and a much better social safety net than the US, but is still capitalist.

[@Radhaugo108]

@@garym6338 I did put socialist under quotes, meaning it in a sarcastic manner. The point is that how ironic that Bernie is advocating for social services that are provided by Switzerland, these rich guys are there pretending that is bad.

[@rajbodepudi]

"Rising" should go global with crowd funding. They are the best & I am an admirer of both

[@Monkeybongoes]

Jamie Dimon is a prime example of why billionerrors should NOT exist.

[@Nalhek]

"Modern Socialists who are basically social Democrats" Me, an actual socialist who is a part of the growing movement of actual socialism; Yeah, king, go off 👌

[@dinnerwithfranklin2451]

I feel the same way here in Canada my friend.

[@The_General_Zubas]

i dont think actual socialism will work. only the Hybrid system will. A bit of both.

[@SteveM-gj2vy]

You mean the party that will never get anywhere and pass actual laws ? sanders hasnt in 30 freaking years

[@Nalhek]

@@The_General_Zubas A hybrid system is ultimately doomed to relapse back into a capitalist oligarchy as long as the institutional mechanisms by which such oligarchies can establish themselves are still in play. If money can be used to buy the right to exploit the labor of others, then those with the most money will do that, and will use that exploitation to make even more money. Then they will use that money to control public opinion through the media. Then they will roll back the "hybrid" reforms. This is exactly what happened after FDR tried to implement a hybrid system. His successors were bought and paid for by the corporate oligarchy, and they rolled back all of his policies until we were right back where we started. They even introduced term limits to ensure that if someone like him ever came to power again, they would only be able to do minimal damage to the oligarchy. When people say socialism is unrealistic, they are just trying to control public discourse. Capitalism is unrealistic, bc Capitalism destroys itself, and destroys people in the process. Capitalism is destroying the planet, and through automation it is undermining the capacity of consumers to purchase goods and services. Both of those are ways in which capitalism, via it's own internal mechanisms, inevitably saw off the branch that it sits on. We can either end capitalism, or it will end itself and take our entire civilization with it.

[@The_General_Zubas]

@@Nalhek Hmm. Valid point. The most difficult thing in the world is Eliminating that.

[@Sarial99]

Jamie Dimon, that's called state capitalism

[@snoopy_peanuts_77]

AKA fascism

[@peternyc]

Matt Stoller is excellent.

[@alekseysoldatenkov5675]

During the mid-1970s, University Econ Departments went all-in on "maximize shareholder value," their logic was 'the shareholders have the most riding on the success of the company, so we should prioritize their concerns first and foremost.' But that logic is flawed because investors can easily divest and reinvest their assets into something else, whereas people within the company have their entire lives/families depending on the success of the company. Once this ideology left the Economics Departments, within 5yrs it spread throughout the entire economy; and since then maximizing shareholder-value/profits has been the only thing that's mattered. BUT prior to that, companies would actually reinvest into their employees and local communities, sure it's arguable how much, but it was more than they currently do. So moving towards a stakeholder model is better than the current status-quo. I highly recommend the book "The Shareholder Value Myth" by the late professor Lynn Stout that discusses this, and also the work of Economist Bill Lazonick ( kzbin.info/www/bejne/jIeYiZSImNRql8k )

[@davidroberts1689]

It's not about him, it's about us. Bernie 2020 and Medicare for All.

[@paladro]

capitalism, expanding the wealth gap exponentially.

[@jennanyx4968]

Capitalism is the greatest con ever played on the world.

[@GrannyGlass]

Can you name a socialist country that other countries should emulate?

[@desireedeclet4568]

GrannyGlass Their are none. But their are plenty of countries where socialism and capitalism play fair with its citizens. I nice balance of both. Look at Switzerland Finland Portugal Spain France Germany. All of those countries are doing just fine. I know they have their hiccups but for most of the citizens they benefit from a socialist and capitalist balance. Bernie wants that kind of balance. Bernie 2020

[@aggedyran]

Excellent interview, WOW!

[@LouisDapilma]

I love Saagar

[@hippychikforever]

Jamie Dimon's head should be perched on top of the Wall Street bull's head, but I'm just a peasant, so what do I know?!

[@donm.2633]

"You cant tell people how to work"... What about restrictions on minors working, or mandatory lunch breaks when workin over 8 hrs, or min wage?? The answer is we ABSOLUTELY need to tell pple how to work, or else capitalism would have us all working 15hr days with NO breaks instead of elementary school!! If capitalism runs wild, corporations will pay 5 cents per hr to 5 yr old kids working 16 hr days to save a buck!!! N theyll say it GREAT, all while the CEO's make millions per year SMFH!!

[@nicktrice4921]

Jamie Dimon wagging his finger about "corruption". Priceless (unlike his ethics).

[@b-gill9224]

Good stuff. Sharing.

[@silverfox6229]

Bernie's tweet destroyed his talking points too with him saying that Dimon didn't mind socialism when he got his bailout #OnlyBernie2020

[@mocki5665]

Man, you all should have an obligatory trip to and study of, the Scandinavian countries! We have the perfect combination of Capitalism and Socialism that benefits everyone in Society. When you don't have to worry about health care and education and your family your amount of "freedom" increases a lot! You are free to pursue your education and job of choice, never have the worries that Americans suffer from daily. And you end up at the TOP of every world wide stat on quality of life, equality, happiness, health, life expectancy, wages etc.

[@angiegracie6954]

The pursuit of corporate happiness is more like it .... 🤬

[@unitedstatesofmordor]

Remember folks to add this guy to your 'bucket' list.

[@aarontempleton2735]

My favorite line: *Please keep him because we don’t want him.*

[@bitterrootfpv2207]

Jamie diamond is bad mouthing socialism while defining it as communism... he needs to read a dictionary.

[@roc7880]

it America were capitalist the government would have let the banks collapse in 2008. It was socialism for the rich who bailed them out

[@fuzzdaphair2781]

The movement is going to tax him to smithereens.

[@beyondleftfield4470]

He must've overlooked the concept of hedge funds and bailouts provided by that government he spoke against in that regard, speaking as though every person has every possible option, simply by being in America... That time expired LONG AGO.

[@notme1048]

Did Jamie Dimon ever get back to that congresswoman about how to balance her budget?

[@theicyridge]

We need to bring back the term "rentier."

[@thomasautonomousanonymous2050]

"There is a soft autocracy underneath the happy rhetoric"

[@sharongillesp]

Pitch forks? Nah! The guillotine is faster!

[@mikemcneil4471]

“Please keep him, we don’t want him.” - The Republicans LOL!!!!!

[@thespearofthor9629]

The economics of extraction. That's something we'll be talking a lot about in the time to come. I recommend anyone interested in seeing the Al Jazeera documentary Europe's Forbidden Colony.

[@Dr.Grafenberg]

Matt is good! Great point of view to consider

[@elemenop718]

I wish ya would have longer format interviews. I felt like this guy could have spoken a lot more and gotten deeper into things. Do ya have longer format interviews? Kind of like podcast format?

[@mcdonaldchristian8273]

HighBridgeSpeed I think they may not be able to cover other issues and news that may be going on with longer format

[@JustMe-ec2ph]

Billionaires are not going to know what "Freedom" really is!

[@gustacular]

Great guest!

[@The_General_Zubas]

5:10 Jamie Dimon think this is the JUST thing to do. which proves that they have Lied to themselves as well.

[@bakerownsyou]

CEO's and "business leaders" are the absolute worst people in our society.

[@StephenGoodfellow]

DAVOS - Disturbingly hilarious. Are these guys TRYING to stick their heads into a guillotine?

[@raresmircea]

1:07 Wow.. So right 👌

[@pequeninhamartinez]

In Spain we are a social country by constitution. I hope you achieve free college and healthcare. These are human rights!

[@LownarYouKnowMe]

fantastic articulate guest

[@oswarz]

Does Jamie Dimon have a facebook, twitter account? This segment should be flooding both. Stoller needs to tell Dimon to his face.

[@DT-hi3dm]

I know it's time for a swing in the pendulum . Socialism doesn't work with out capitalism ,and capitalism doesn't work with out socialism .

[@havable]

"You can't have people telling you where you're going to work, where you're not going to work" Under capitalism, only Jamie Dimon gets to have Jamie Dimon's job. Millions of people would like that job, but capitalism tells them they can't have that job. So tell me again how its socialism that tells you where you're going to work, where you're not going to work.

[@aleaiactaest8354]

Good guest!

[@Dan-ud8hz]

If you're interested in the pursuit of happiness: "Political scientists traditionally have analyzed the effect of politics on subjective well-being (SWB) at the collective level, finding that more liberal countries report greater SWB. Conversely, psychologists have focused primarily on SWB at the individual level and shown that being more conservative corresponds in greater SWB. We integrate the theoretical foundations of these two literatures (e.g., livability and system justification theories) to compare and contrast the effects of country- and individual-level political orientation on SWB simultaneously. Using a panel of 16 West European countries representative of 1,134,384 individuals from 1970 to 2002, we demonstrated this SWB political paradox: more liberal countries and more conservative individuals had higher levels of SWB. More importantly, we explored measurement as a moderator of the political orientation-SWB relationship to shed some light on why this paradox exists. When orientation is measured in terms of enacted values (i.e., what the government actually does), liberalism corresponds in higher SWB, but when politics is measured in terms of espoused values (i.e., what individuals believe), greater conservatism (whether at the individual or country level) coincided in higher SWB." (The Subjective Well-Being Political Paradox: Happy Welfare States and Unhappy Liberals ) www.researchgate.net/publication/263889192_The_Subjective_Well-Being_Political_Paradox_Happy_Welfare_States_and_Unhappy_Liberals

[@hugomaritz692]

Tanks awesome

[@timn5008]

If we lived in a real democracy, Dimon would have been tried and imprisoned for his role in the 2008 crash. And a lot of other things.

[@unreasonablyagreeable1081]

10 billionairs disliked this video.

[@philleyland1847]

It's hard to fly an aeroplane with 2 right wings and no left.

[@simonrowlands3753]

America needs desperately a 3rd party.

[@nole8923]

Yeah, I’m going to trust a CEO from a large Wall Street bank.🙄😒

[@willdoon3839]

No matter how we shake it down, the massage from the establishment regarding any meaningful change is a resounding...............NO!!

[@redrocketbaby]

Man who has all the money and power believes current system should not change

[@charlierodriguez8489]

Old lady said: pitch in or pitch forks. I feel like it's going to come down to pitch forks.🤷‍♂️

[@redcapitalist]

this is why jamie dimon wears $10k suits and matt stoller is wearing an outfit which looks like it was worn by one of the henchmen on miami vice in 1986

[@itgetter9]

Yes, and it's why I will remain unimpressed with $10K suits 'til my dying day. Long live the leftover suit.

[@redcapitalist]

@@itgetter9 you have a problem with wealth and expensive objects? this is the era of the great divide between the haves and have nots. very soon it will not only be about wealth disparity, resources and materialism, it will be about survival. the world is overpopulated and >3 billion people need to go to restore equilibrium

[@SteveM-gj2vy]

stoller is a clown. krystal ball is Leni Riefenstahl

[@rworded]

Sounds like the system before Liberalism, the one with Lords, and people bound to the land, I think there were these little mini nations... I forget what that was called?

[@GarrettMerkin]

Feudalism?

[@Dan-ud8hz]

"... the concentration of wealth is natural and inevitable, and is periodically alleviated by violent or peaceable partial redistribution. In this view all economic history is the slow heartbeat of the social organism, a vast systole and diastole of concentrating wealth and compulsive recirculation." (Will & Ariel Durant, The Lessons of History) "If machines produce everything we need, the outcome will depend on how things are distributed. Everyone can enjoy a life of luxurious leisure if the machine produced wealth is shared, or most people can end up miserably poor if the machine owners successfully lobby against wealth redistribution. So far, the trend seems to be toward the second option, with technology driving ever increasing inequality." (Stephen Hawking) "I am convinced there is only one way to eliminate these grave evils, namely through the establishment of a socialist economy, accompanied by an educational system which would be oriented toward social goals." (Albert Einstein) 'THE IMF CONFIRMS THAT 'TRICKLE-DOWN' ECONOMICS IS, INDEED, A JOKE' psmag.com/economics/trickle-down-economics-is-indeed-a-joke

[@tobyfunk6858]

Well put and very true.

[@hugomaritz692]

The silver bullet has not been found and the cycle seems doomed to continue. I don't have an answer and haven't come across one either.

[@redrocketbaby]

Love Krystal's intro lol

[@kreaturen]

Capitalist: Buying politicians isn't corruption, social security is

[@dantherpghero2885]

Evil Corporations: We're not the bad guys here. We just enabled the bad guys and made a lot of money off the situation. So don't blame us.

[@bhosterman]

How about less power in the hands of government? No one dictates our lives except us. Can’t be corrupt without power.

[@lawsonj39]

Matt Stoller always had intelligent things to say.

[@Gkuljian]

I made it to 40 seconds, at which time I recognized someone whose advice means nothing to me. "Moderates"? "Capitalism is the best thing that's happened to mankind"? Maybe if it's 1690.

[@itgetter9]

Excellent post

[@TheIceyeddy]

The thing that annoys me is Bernie is for capitalism with strong welfare programmes and checks and balances. But that gets labeled as socialism and then scares alot of people.

[@chucku00]

If these goons were so confident about capitalism they should have their next meeting in Flint instead of Davos.

[@itgetter9]

Mic drop

[@photonAP]

What a great idea ;-)

[@mistershopen7866]

4:10 "It's much easier to control people if you control how they think." Well said, Matt Stoller. That's a perfect and concise way of explaining the problem of manufacturing consent from the establishment.

[@Radhaugo108]

How ironic is that rich guys go to a socialist country to complain about socialism.

[@yogamom1898]

I’m ready to riot . I really am ✊

[@Cas8228]

Stories like this are why you know Sagaar isn't a conservative at all

[@user-ps8lx1bv8r]

Can y’all have Rutger Bregman on? He spoke at last year’s WEF and they didn’t invite him back because he called them out on their bullshit lol

[@mikalrain]

"Once you have governments taking control of businesses, it ends up in corruption." ...but big business controlling government, that's not a recipe for disaster at all.

[@roeuth]

Their idea of the pursuit of happiness is once you get a hold of it, kick everyone else down. Don’t give anyone else a chance to make it big also, hoard all your wealth and only donate to charity when it benefits you overall.

[@skonther0ck]

Please take a look at interviews of Anand Giridharadas discussing this extremely important topic. His book Winners Take All: the Elite Charade of Changing the World is a must read. Anand is an extremely articulate and original journalist and would be a great guest to have on the Hill.

[@publicdomain1103]

Bring the sick pups to heel. Billionaires should not exist. ShakeUp!

[@thhbrw]

Some of the gist outlined here is exactly why I am against UBI. Who controls the distribution of the UBI, and at what point will “conditions for eligibility” be introduced.

[@robertnicholls9917]

All this money and he pushes out ignorant pablum.