Sandel and Piketty Part 1

[@MikeRLloyd73]

Austerity and neoliberal economics leads to fascism

[@helloInternets]

Clara Mattei has a great book that covers this topic - "The Capital Order: How Economists Invented Austerity and Paved the Way to Fascism". Mark Blyth similarly has a book called "Austerity the History of a Dangerous Idea". Both accessible and fantastic works of economic etiology.

[@rickfucci4512]

Neoliberalism is totalitarianism and requires a desperate mass to man its wars and its factories for nothing. Baked into the accounting structure are the dynamics More for me and less for you and that is all that matters. Group or institutional Psychopathy. Academia just plays along to get the PERKS.

[@DonikaJorgo-l7e]

Two most favorite knowledgeable people..thank you Happy Holiday 2024 and dignity 2025.❤❤

[@Walker-ld3dn]

Can anyone imagine a Republican politician today - ANY republican politician - listening to this, let alone understanding what is being said betweem these two scholars. Or, could you imagine Donald Trump not only NOT listening to it but thinking the discussion is in Polish or Swahili or whatever. There are scholars and historians who are predicting the downfall to our country beginning, well, now. Here is the evidence.

[@thomasanderson1882]

It's not necessarily the case, those with post-secondary degrees are earning bourgeoisie or upper middle class incomes. Legions of university degree toting people work as low income proletariat. Yes, the probability of attaining a higher paying career/job is greater with postsecondary training. Moreover, many in trades earn much more than any liberal arts educated teacher, lawyer, bureacrat. The general point is taken however.

[@helloInternets]

The Reticent Socialism of John Rawls. Property owning democracy will never come to pass under a capitalist economic system because of the irreconcilable class antagonism between workers and capital.

[@mattiafabbri8944]

Revolution?

[@helloInternets]

@@mattiafabbri8944 From Bernie Sanders to Jeremy Corbyn, electoralism seems impossible when media ecosystems are all owned by billionaires who think modest social democracts are Lenin. A renewed labour movement with general strikes in 2028 seems like a reliable goal.

[@riffking2651]

I wonder to what degree 'care' is a missing feature and something that we need to find some way to foster. A lot of these ideas about morals and virtue tend to come down to whether or not people feel like they value things. If people don't intrinsically value the lives of people lower in the stack, then our current cultural philosophy is that you can't force people to value them, and we all have the freedom to choose to not care. In one sense, that seems fair, but when the negative outcomes trickle down because of indifference, that's when it starts to seem important that we find some philosophical common ground. I'm reminded of how "the sabbath" was this cultural convention that we had really heavy costs for breaking. The reason behind it is that if we don't have a sacred day where no one is allowed to work, then the people who work every day of the week start to gain disproportionally to those around them, which then means that everyone has to work all the time to keep up. By allowing people to get astronomically rich, and for the punishment for not getting rich is increasing lack of autonomy and stress, we create this nasty race condition in which no one is taking responsibility for the harm that is being caused. Plenty of people will find ways that are not providing actual value in order to run away from the negative there.

[@ellengran6814]

Life used to be sacred and we used to care about all living creatures. Today we are groomed to only care about money and dead products we are supposed to constantly buy.

[@grantbeerling4396]

To find out where we are heading, I recommend Friedrich Engels; The Conditions of the Working Class in England (1842-44), pages 87-100. A great ploy of the 'investor class' is that they shout from the sidelines whilst purposely never meeting the workforce, creating a surplus for shareholder value. This is done to make sure that Hayek's idea is that economics is the science of profit, not a human social science of value. He would say; Empathy is for mugs who don't understand economics, to which the Nordics reply; Hold my beer!

[@JoseSantos-xh9mp]

I fully agree. The piketty books are very interesting to read!

[@musiqtee]

Even a social-democratic «system» will need ownership within the state or the commons. These ownerships are by now severely reduced, also in historically «balanced» OECD national economies. What isn’t sold off, is corporatized (state corporations), demanding even natural or structural monopolies to act as any company would. The asymmetry that used to exist between public and private entities is largely gone. What’s left is an increased asymmetry between individuals and (any) incorporated entity, where the government can’t legally intervene towards the latter. To reinstate social-democratic structures in e.g. Norway today, would demand radical, near revolutionary actions. Four decades of legislation would have to be changed, against increasing nationalist narratives, macroeconomic outcomes and transnational treaties and asset ownerships. I can’t imagine that happening, as it took nearly a century of consensus building towards a 1990 state of social-democratic practice. Of course, there’s no «going back», there never is. Popularly, the votes are going further right by the month. Just yesterday Labour (govt) stated plans to streamline «cultural and historical» primary education towards «our common national values». That’s nationalism - not social-democracy in my silly little world… 🙄

[@grantbeerling4396]

To add; TINA (there is no alternative) was born in 1989, when what was considered an alternative collapsed. Even though many variants are successful (Nordics), we operate socialised Healthcare (UK), Police, Fire and Military. So, TINA is a lie perpetuated by those who are the overwhelming beneficiaries of the Neoliberal agenda. As Piketty stated in his books, we have a choice; we carry on with our heads in the sand until the middle-class sides, not with the wealthy (as by that time, the middle class will no longer own land) but with the working class who also have nothing to lose but their chains or we circumvent another half-century of war and riot and engage Welfairism by the state in Natural monopolies and Capitalism in natural areas of competition (but with strict regulation as all markets are regulated, its who get the advantage a problematic balance). My conclusion after reading many books (I highly recommend Michael Young's dystopian novel The Rise of the Meritocracy 1870-2033) around this subject is the observation of Heraclitus (500 BC) 'all is in a state of flux', combined with Keynes theory of uncertainty (you can only predict the very near future with any certainty, and thus when the Black Swans of the impossible appear then government use their powers of financial creation to employ the many the clear the mess up until the next time). How long? All I Know is that it had to get a lot worse before the middle swap from aspiring to become wealthy landowners (as happened in Germany in 1933) to the working class who owned nothing. Maybe 2114, 29 or 39? Or do we act like adults and look to the Nordics for advice? Humility and grace are not things Neoliberal determinism understands, as they can't be financially quantified. There is a reason why Piketty's books are so long, it's complex! Like your style.

[@Rudee3]

This video dropped in three small parts without context and starts mid flow. Bit strange for such a heavyweight piece of content… what’s the story here? Full video soon?

[@atthehops]

It appears this is a preview of an upcoming book due out in January 2025

[@jasonmoser8957]

Both men are basically saying the West should be Japan without knowing it

[@GershanBarnardNorman]

Powerful and thoughtful.

[@SP-ye8hj]

Splitting an interview with an anti-capitalist into 3 parts and uploading it separately to maximize KZbin engagement is certainly “New Economic Thinking”.

[@JohnMFlores]

I don't fault them for existing within the current economic model.

[@mariettestabel275]

Working classes: people who work in building houses etc... Working outside in the cold weather and so one... those people earn far from enough money . Playing football during 10years - are multi millionaires.. Is that a Job?? Just saying... Thanks for sharing.🙏

[@kikolatulipe]

@0:31 so Trump won’t look down on workers?

[@aleaiactaest8354]

Religion could create missing commonality?

[@stnbch3025]

Please no. Shared bs is still bs.