15:00 *multilateral ideal* “So I’m not trying to suggest in this book that globalization is evil or bad, or that interaction with different people is evil or bad. I would prefer personally a multilateral approach where states come together and setup new rules for how to do international trade that facilitates movement of people and movement of stuff. It’s very difficult to do that and it’s because it’s very difficult to do that that we start to get talk of unilateral strategies.”
@artbess Жыл бұрын
Good Talk! The one thing I missed where the Solutions to our current issues discussed in "Earth4All" - Club of Rome or "Doughnut Economics" by Kate Raworth. You mentioned briefly T. Piketty, but in his book "Capital & Ideology" where also some possible Solutions, which could be implemented to handle international capital-mobility. It would be nice, if Benjamin could share his view to those Solutions.
@kspfan00111 ай бұрын
I think he addressed this within the first 10 minutes. There are plenty of ideas out there about economic reforms. The problem is that people still do not understand that capital mobility makes it politically impossible for any country, or even any group of countries, to enact any of these policies. It is not possible for any of these solutions to work unless they are enacted by at least a majority of nations, which would require all these countries have political coalitions interested in implementing these sorts of policies all at the same time, which is highly unlikely.
@stavroskarageorgis48043 ай бұрын
No, Benjamin, the Federal Government does _not_ "have fewer and fewer resources (sic) to redistribute (sic)" because Congress has reduced personal and corporate income tax rates and treated capital income increasingly more favorably for income tax purposes. The US Govt does not "re-distribute resources". It does not appropriate resources by taxing so that it has a "pile of resources" to then "re-distribute".
@stavroskarageorgis48043 ай бұрын
Why would Medicare for All, tuiton-free college, no- or low-cost apprenticeships, student-debt relief or cancellation in 2017 to 2019 have required large federal personal and corporate income tax increases? 25:00 Also, the Biden primary and caucus campaign was doing very well until after Nevada, when Saint Obama got Klobuchar and Buttigieg to drop out and Warren to stay in, Bloomberg to run interference, etc.. There's some serious ex-post facto revisionist critique of Sanders 2.0. 26:00