Ralph Nader: Destroying the Myths of Market Fundamentalism

[@kosmosfaber6534]

Nothing left to be said. Thank you, Ralph!

[@merbst]

I am so delighted to see this terminology catching on, because I see great parallels between the extremism of Market Fundamentalism and Religious Fundamentalism. The cult of American Economics is just as hostile to outside ideas, such as Marxist Economics as any religious cult is. The fact is that talking about the social good was so taboo due to the red scare from the time of the Russian revolutions, that no US University or Business school taught a single course covering Marxist Economic Theory until at least 2010.

[@MORE1500]

Check out, 'The Politics of Jesus' by Obery Hendricks and "The Cross and the Lynching Tree' by James Cone.

[@jordanallen3078]

@@dsf-sj6jz Palestine*

[@publicdomain1103]

Richard Wolff recalls going to 3 Ivy league schools and never hear or seeing any discussion of Marx and that is just one slight to a real education of many. Fear and loathing is the go to mode for any and all entities that seek power and control beyond what a sensible and reasonable human being should accept. Zombie society of group thinking, shit sandwich diet of foul and spoiled rotten remains of a failed system of a down lead to life suppression and depression.

[@karlwhalls2915]

Matt Erbst intelligent thought alert! Mob mob mob!

[@karlwhalls2915]

dsf111 000 I’m sorry you did not receive wise guidance throughout life, but at least you have the tools to free yourself now. Address your fears of non-existence, become calm with the death of what you’ve loved. Ask yourself Why you choose to believe. You are afraid to end, you are so self obsessed that the concept of your own conclusion is unthinkable. This IS why you choose to believe your god myth.

[@SapoArdente]

Ralph Nader, a great man!

[@mikeburns3861]

The invisible guiding hand of enlightened self interest has become the guiding fist of dark self interest.

[@yarweiss]

@SuperCorrector1 - Doesn't he? Isn't it just that you are too dense to decode a very simple metaphor?

[@rosestewart1606]

Adam Smith thought the "invisible hand" was a bad thing. Unfortunately it was completely misinterpreted by Americans. He was actually talking about the threat of foreign ownership, which is like an invisible hand controlling the economy. Multinational corporations didn't exist when he wrote Wealth of Nations but I'm sure he would say the behave much the same as foreign powers.

[@AnimalFarmDance]

YUPP!!

[@0zoneTherapyCures]

"To allow the market mechanism to be the sole director of the fate of human beings and their natural environment ...would result in the demolition of society.” ~ Karl Polanyi, 1944

[@TimBradleyFromOz]

People need to watch all the speakers at that event - it was great.

[@laura1000]

Do you have links to the videos?

[@moviedude22]

and who might those other speakers be?

[@spinkyl9559]

only 22 minutes? Can we see the rest of the conference somewhere?

[@nancywhite3212]

I found this. It may be what you're looking for. kzbin.info/www/bejne/mJqmd4VmmpqWmtU&ab_channel=localmcmedianed

[@34rn357]

therealnews.com/series/destroying-the-myths-of-market-fundamentalism

[@bikemaurice1953]

Thank you Mr Nader ,the table is tilted. The game is rigged

[@KeithKnightDontTreadonAnyone]

In 22 minutes he didn't define 'markets', he didn't differentiate from coercion vs voluntarism. He didn't explain why the government has more rights than any other organizations, why they can acquire property via coercion, while companies can't get money out of your pocket unless you voluntarily exchange goods/services. Also the regulation he advocates helps big biz, only they have resources to comply, which hurts their competitors, giving us less choice as employees and consumers.

[@francoparnetti]

Well, thats the way this kind of people do it. Lots of statements but very little facts.

[@Koevid-IVFPandemieAngstPornoNO]

Sweatshop or starve is not voluntarism. You people need to grow up !

[@pjmax7287]

Market fundamentalism should have disappeared with the Great Recession. What's remarkable is that it has lasted to the present day.

[@infiniteinfiniteinfi]

Or the great depression.

[@yarweiss]

For about 2 weeks in 2007 during the crash, Greenspan, Bernanke and all the other charlatans were quite contrite, and willing to acknowledge that their economic theory must be flawed, in order to avoid personal admission of culpability. Then, very quietly, everyone went back to pretending there was never a problem.

[@christianpetersen163]

​@Harmony AlexandriaWhat does it mean to be great? How would you develop USELESS Joe to become useful Joe? You do realize that automation will do away with all jobs eventually, right? Everybody is going to be a useless Joe then? Humans are obsolete!!! (?) The common man is irrelevant? To what purpose? Technological advancement is not a goal in and of itself. We're not here to create super humans or machine intelligence to replace us. It is exactly not some Darwinian experiment. Our society exists to allow as many people as possible to have as good a life as possible. To that end, we need to be in control of our own lives and we need freedom. You don't get to have any say in the lives of regular people. You don't get to "optimize" them, or whatever your fantasy is. We should live in communities where we control the means of production democratically. Each individual should determine for themselves what it means to be "great", and be able to pursue their happiness. Those are the two things we have to balance. Earth is the home of humanity and many other species. Just like we should leave the "lesser" animals alone and protect their habitats, so should whatever comes after us leave us alone, and not try to utilize us. That's the deal. If you don't identify with humanity anymore, I suggest you use your superior intellect and move to space.

[@jamesmurphy2828]

Right now the Amazon Market is the emerging Imperium

[@arthurfrancisd.murphy1643]

So much intelligence,common sense and compassion

[@augurcybernaut4785]

Measured, accuracy and correct so refreshing to hear thoughtful discourse from a lefty.

[@MadderMel]

He really would've been a great President !!

[@pathacker4963]

Even if you pay for software before you can use it you have to agree to the Eula. It’s assumed the consumer will agree to any terms.

[@RetroMakesBeats]

This is true

[@jgcelliott1]

Go with a nonexistent option, go make your own whatever you want...or feel the hand on your ass. Your choice, either way you agreed to it.

[@bundleofperceptions1397]

The frustrating about it all is the idea of how wonderful the world could have been if we had had the courage to elect Ralph Nader and people like him. "Land of the Free and the Home of the Brave" is become a dark twisted joke.

[@skellys1948]

Ralph Nader is the best presidential candidate never elected during my seventy years of life. I keep voting for him, but nobody listens.

[@Theomite]

I wonder if it's possible to merge Nader with Noam Chomsky and Mark Blyth into one unified super-being with all the strength and intelligence needed to save the world from ignorance.

[@kanonierable]

Merge Ralph Nader with Muhamed Ali, Crazy Horse, Smedley Butler, Bruce Lee and, the piece de resistance, the amazing, gorgeous NINA TURNER!

[@RetroMakesBeats]

Free market fundamentalism is suicidal.

[@0zoneTherapyCures]

MMT (modern monetary. theory) is description of the operational reality of how the economy works. TRUTH is way more easy to understand and very interesting! This clip below is the most clear concise presentation of our post-1971 fiat currency system, not the worn out, PRE-1971!! gold-standard, intentionally obfuscating lies that have been perpetuated for 40 years: @

[@TheShadowfakx]

Love this guy. Once I didn't---I had bought the 3rd Party lie.....sometimes you get lucky and learn as much of the truth that's humanely possible.

[@jgalt308]

Interesting that the "taking apart" of "contracts" doesn't include the UCC requirement to assert your "reservation of rights".....and in failing to do this, you are barred from their "later assertion" which means you have "no rights", under the "constitution" ( as they would be understood in law and equity ) but only those "benefits, privileges and immunities", that exist in the "statutory jurisdiction" of the USC and its implementing regulations that may or may not exist in the CFR. This "statutory jurisdiction" ( not law and equity ) began in 1939, the UCC was introduced in 1952, the first "fraudulent" deception concerning "income" in Title 26 was initiated in 1956. The last federal reserve notes redeemable in "lawful money" were printed in 1955. Legal tender coinage in "lawful money", ended in 1964, with the exception of 40% silver half dollars, which ended in 1969. ( and while lawful money, legal tender coinage is still minted by the US MINT, these coins are not used in common circulation, and their legal tender value, is no where near the value of the metal they contain. ) By 1970, all of the several states had adopted the "critical" sections of the UCC and its "reservations of rights" provisions....and shortly there after, the UNITED STATES formerly withdrew from the "international" gold standard system. All that is required to access the "law and equity" system, which is one of the four legal structures authorised by Article III, and which keeps your "rights" intact, which includes you right to bring "suit" in common law for all disputes whose value is $20, or more, are the words..."all rights reserved" or "without prejudice", after your signature. ( the "catch" or "trick" here, is that should you actually be aware of this and attempt it, the other "party" to the contract, will "probably" refuse to enter into it. I say "probably" here because this "fraud" has been in place for so long, that it is difficult to actually know, who is aware of it, and who isn't. ) As a result of this fraud, informed consent has been replaced by "implied consent", and all "law" and "contracts" proceed under this "assumption", the evidence for which is established by your "failure" to assert, your reservation of rights, as required BY LAW. ( that you are "ignorant" of this is on YOU. ) Now at this point, since all of this was by design, and given where we are and how we came to be here, which does not seem possible given what the "constitution" actually says, and the "numerous" times one hears that this or that is "claimed" to be "unconstitutional", the fact that your "ignorance" was necessary, should not be a mystery. After all, to change the constitution directly, would have required multiple amendments, none of which would have passed given the "implied consequences" they would have resulted in. ( where WE ARE NOW!!!!!! ) What is more puzzling however, is given all those people, who are in the business of claiming to "expose" the "truth" about where we are and how we got here, is WHY they too are "seemingly" ignorant? ( including Nader and all your "other" favorites, regardless of your "political" position.) "No Virginia...it was not because of Ronald Reagan, for it required thirty years to structure this fraud and put all the pieces in place, and from an economic perspective, the downturn began as early as 1950, and then accelerated from 1970 forward, with Reagan being the first president to "begin" to take advantage of it." Further relevant details are available in the following links and there are many more out there once you start looking. ( proceed with caution...for while the complexity of the fraud is somewhat extensive, the solution to it, is not..... ) UCC 1-207/308 Reservation of Rights www.supremelaw.org/authors/freeman/freeman4.htm www.supremelaw.org/authors/freeman/freeman5.htm Bankruptcy of 1933 docs.google.com/document/d/165i0dicryJ_KtzCr6agR6O6v4XaRM2EDr6f1WbmU3Fg/edit?hl=enThe w-4 Voluntary Withholding Agreements www.law.cornell.edu/cfr/text/26/31.3402%28p%29-1

[@oswarz]

Fascinating. Thank you.

[@Antman4656]

People need to start treating the govt as them as it should be and every dollar that comes out of their collective wealth to fund corporate interests or subsidies to corporations needs to be paid back with interest and this especially includes any money made from a country we have used the military budget to invade or take over. Any money made by big oil or telecommunications that come in after the war need to pay back on the cost of that war. This will either help the taxpayers or end wars all together.

[@65minimom]

Truth!

[@flash_flood_area]

Howdy from "the larger audience" :)

[@javiersosa3368]

Excellent

[@moviedude22]

Owners, both individual and institutional, are virtually powerless? Well how do you explain away the phenomena of the Activist Investor, and the sheer terror these shareholders instill in Boardrooms across this great nation of ours?

[@schlangenbiss1]

Shareholders demand high returns on their investments. Wall Street has a historical return of about 6% gain on average per year. Workers who actually make the product and the profit are lucky to get a 3% raise per year. Using the 72 rule (72 divided by interest rate equals the number of years to double money. [72/6= 12 years or 72/3= 24 years]). With $50,000 as a base for investor and worker the worker after 48 years will be earning $200,000 and the investor will have received $800,000. Wall Street and their investors steal wages.

[@caimacd]

He's alright ay.

[@DerekFullerWhoIsGovt]

Prevaricate: speak or act in an evasive way.

[@0zoneTherapyCures]

The capitalists' definitions of freedom and human rights are diametrically opposed to the average person. Battle of the freedoms - economic vs. social. Libertarians' idea of liberty actually depends on economic inequality. It's their "human right". Economic freedom over liberty for all. Isn't that undemocratic? More to the point, isn't that fascist? "Aryeh Neier, founder of Human Rights Watch and its executive director for 12 years, doesn’t hide his contempt for the idea of economic equality as one of the key human rights. Neier is so opposed to the idea of economic equality that he even equates the very idea of economic equality and justice with oppression-economic rights to him are a violation of human rights, rather than essential human rights, thereby completely inverting traditional left thinking. Here’s what Neier wrote in his memoir, Taking Liberties: “The concept of economic and social rights is profoundly undemocratic... Authoritarian power is probably a prerequisite for giving meaning to economic and social rights.” Neier here is aping free-market libertarian mandarins like Friedrich von Hayek, or Hayek’s libertarian forefathers like William Graham Sumner, the robber baron mandarin and notorious laissez-faire Social Darwinist. As with Neier, William Graham Sumner argued that liberty has an inverse relationship to economic equality; according to Sumner, the more economic equality, the less liberty; whereas the greater the inequality in a society, the more liberty its individuals enjoy. t’s the fundamental equation underlying all libertarian ideology and politics-a robber baron’s ideology at heart." thedailybanter.com/2012/06/the-quiet-extermination-of-labor-rights-from-human-rights/

[@TedApelt]

Ralph is dead on with Milton Friedman's books. They sound great UNTIL you fact check them, then they fall apart. Very much like creationist stuff.

[@tomkelly8827]

Too much rambling Ralph. Get your thoughts together some more next time and speak more clearly please

[@GroovyVideo2]

Free market- no such thing in usa

[@moviedude22]

20:54 Tim Cook/Apple ?

[@klubsvetnikov8290]

Ralph, wtf are you bringing up Soros as a legitimate critic of market fundamentalism? Atempt of a compromise with the oligarchy. Forget about noble predators for god sake!

[@susanralph274]

didn't he complain that Trump said a woman was overweight? NADER has lost his mind. A doddering fool

[@susanralph274]

@skutch Blobaum He is talking about how fat people are now. which is TRUE. MANNERS?there's no fool like an OLD FOOL THAT should have got behind the president, where he can do good, and instead, IS A TURNCOAT. EVEN LIKES SOROS?????CRIMINAL. WAke up! you should hear what he said about the people coming up to the border. Traitor to American values. Communist. You will see. You are already living in a totalitarian situation. from these bozos who can't prioritize and you will suffer. I used to be behind Nader, he was a hero. now he is a socialist, but wants the super rich to save humanity (see his book) and he complains that Trump isn't as rich as he says he is. HE is INSANE or Evil, one or the other. He lost his integrity somewhere along the way. THAT offends me. And manners, my dear, SUCK THE BIG ONE