The Darwin Economy

[@odranoel_leo]

@MarkoKraguljac what then is a plausible solution to implement some of these ideas? is there a particular country/economy that you're describing?

[@DrSanity7777777]

“The verge of failure that we’re all on is because two qualities that made us successful as a species - cooperation and competition - are way out of balance now.”- George Carlin

[@2leet2cheet]

Why is fractional reserve lending not at the heart of all these conversations? Protecting people from fraudulent activity is supposed to be the job of government. Yet, government continues to allow banks to lend money they do not have to people who do not deserve to have it. Until we can end fractional reserve lending the "elite" will always have an advantage. People keep pointing to the symptoms of our economic troubles, without looking at the root cause, being the exponential rise of credit.

[@alfredbudy1985]

2leet2cheet Libertarian Fascism is what most Americans engage in to acquire wealth. It is a type of Libertarianism that denies Libertarian values to the rest of humanity. I remember the Libertarian Trump that said he wouldn’t concede the election. Backed by Cigarette 🚬 Companies, Gun Manufacturers, Dirty Coal Industry, Koch Industries, and etc the fascist corporate tentacles 🦑is stripping the world ‘s Libertarian rights. Bourgeois Democracy is what those who acquire that wealth engage in to suppress the vote 🗳 and make sure social programs like the New Deal which never benefited Blacks and almost got FDR taken out in a coup, will never get implemented again. It has been a gradual erosion of rights and appointing fascist judges and government positions to suppress the proletariat votes. The proletariat is us who want change and understand that Affirmative Action was White and the Irish Became White by making blacks characterized as vagrants and contagions of wealth. To be a contagion 😷 of wealth creates a impression you don’t deserve wealth and what little you have should be taken away from you. The philosophy of making the poor poorer. They hate a successful Denmark Vessey style people uprising. They hate a smart Frederick Douglass type brother. They hate blacks that thinks collectively, instead individually. We have so much symmetry with poor whites, but since Bacons Rebellion, it has not been in the rich interest to show whites, you have more in common. It is sad that blacks have low confidence. It’s sad that blacks hate themselves or all the negative stereotypes and history that characterizes them as only slaves and not humans who fought to be there best. The self hate is so real and deep that blacks join conservative groups to be stroked intellectually for being smart. The bailout king Obama is a corporate fascist sellout that hurt many black families. But anyone could tell, with his tip toe approach to calling out the rich, who mostly happens to be whites. The stereotype of low IQ, low competency, lazy, and poor morality makes us the easiest targets of there eugenics agendas. Blue Dog Dems are the worst Libertarian Fascist. They give you false hope and keep the status quo. We are waking up and intellectually will be self sufficient people.

[@Laseptiemewilaya]

@TheStormPulse You got a serious problem of collective with customers merging to form a buyer monopolies. Too many of them leading to too much free-riding. Corporations, however, can form monopolies because the number is in their favor (they aren't as many of them as customers) and you end up having price distortions and therefore market distortions like Adam Smith argued.

[@NicosMind]

Im wondering if im gonna watch this or not. Its 2 minutes in and already ive heard a couple of mistakes. Capitalism is about best serving the market. Capitalism is about serving your fellow man. Capitalism is about finding new ways to do things, cheaper, quicker, less labour, more efficiently. Rather than having 70-80% of people working the land we now have 2-3%. In his example of the man undercutting his rivals he forgets to mention the people now get a cheaper product.

[@NicosMind]

@2leet2cheet Have you ever read Frederic Bastiat's The Law? To paraphrase that "How can any law be just, that allows people to do through government, that which would be considered illegal or immoral when done individually" Also youve got a great wee miny description of capitalism there. Peoples money are their votes and what they spend it on decides whats built and whats needed. Thats the most democratic way of doing things rather than government give money to special interests

[@0zoneTherapyCures]

"The Government is not like a household. A government is like a bank. And a government running a balanced budget is like a bank that simply lends back as much as it gets in repayments, therefore the money supply never grows and without that, you don't have a growing economy. It's one of two ways to create money, and if you don't let government create money by spending more than they take back in taxation (fiscal policy), you have to rely on the private banking system to create the money in the form of credit (monetary policy) and you therefore get private debt bubbles." ~ Prof. Steve Keen

[@0zoneTherapyCures]

Fiscal policy is the ONLY answer to stimulating the real industrial economy! MARC STEINER: So where does the money come from, then, to invest in infrastructure, in new businesses, and whatever else has to be invested in? MICHAEL HUDSON: Well, banks don’t invest. That’s a myth. The pretense is that rescuing the banks rescued the economy. But the banks don’t make loans to the economy. Banks don’t make loans to fund factories. They don’t make loans for infrastructure. They make loans to buy assets already in place. They’re privatizing the structure to take it private, raise the rates the people have to pay for services. Essentially they lend to raiders taking over corporations. They won’t help a corporation put in more equipment and hire more people, but they’ll lend to a raider to break up a corporation, downsize the labor force, smash it up and leave it a bankrupt shell. That’s the financial management plan. That’s what they teach in business schools. So the financial management philosophy that we have is diametrically opposed to what’s needed for economic growth. That should be what people are talking about, because more and more economists are warning that given the rising debt ratios, there’s going to be another crisis. What we should be talking about when we look back on the anniversary of Lehman’s bankruptcy is how to handle the next crisis in a way that doesn’tbail out banks, that bails out the economy by writing down the debts. If banks have bad debts, they’ve made bad loans. Banks used to be conservative and prudent. But if they make imprudent loans and they say, we don’t care the borrower can’t pay because we’ve sold the whole loan off to a pension fund or a German Landesbank, and somebody else is going to take the loss, you have to restructure the banking system and the financial management, and take it out of the hands of bankers to manage. If you leave the Treasury Department and the Justice Department and the bank regulators in the hands of bankers, they’re going to loot the rest of the economy. They’re going to take everything they can. So you want someone who’s not a banker to actually do the regulation.

[@0zoneTherapyCures]

"Government exists to spend. The purpose of government is to serve the general welfare of the citizens, not just the military-industrial complex and the financial class. Didn’t we have a stimulus, oh, eight years ago? It was tiny and has not been entirely spent. As Yellen implied, we need more spending of the non-military kind (what Barney Frank memorably called “weaponized Keynesianism” doesn’t stimulate)." www.forbes.com/sites/leesheppard/2016/04/02/we-need-fiscal-policy/?fbclid=IwAR02l1AlZGMpapbTOdURjgRknx6Kai-24Z6fXBCXyBolgdgodvjSmYmXAdw#1c4e7dea8b40

[@0zoneTherapyCures]

"It is one thing to oppose intrusive government surveillance or the overreach of federal programs. It is another to call for the evisceration of government itself. Let’s put radical libertarianism into the dustbin of history, along with its cousin communism." www.bloomberg.com/view/articles/2013-09-05/libertarians-are-the-new-communists?fbclid=IwAR1VeYWTHq_06MQYGMbe_amAdgGctkC7uITs5nKIYuhIGMGcabNlLlDnZEA

[@alfredbudy1985]

Free Gov't from Wall St! Libertarian Fascism is what most Americans engage in to acquire wealth. It is a type of Libertarianism that denies Libertarian values to the rest of humanity. I remember the Libertarian Trump that said he wouldn’t concede the election. Backed by Cigarette 🚬 Companies, Gun Manufacturers, Dirty Coal Industry, Koch Industries, and etc the fascist corporate tentacles 🦑is stripping the world ‘s Libertarian rights. Bourgeois Democracy is what those who acquire that wealth engage in to suppress the vote 🗳 and make sure social programs like the New Deal which never benefited Blacks and almost got FDR taken out in a coup, will never get implemented again. It has been a gradual erosion of rights and appointing fascist judges and government positions to suppress the proletariat votes. The proletariat is us who want change and understand that Affirmative Action was White and the Irish Became White by making blacks characterized as vagrants and contagions of wealth. To be a contagion 😷 of wealth creates a impression you don’t deserve wealth and what little you have should be taken away from you. The philosophy of making the poor poorer. They hate a successful Denmark Vessey style people uprising. They hate a smart Frederick Douglass type brother. They hate blacks that thinks collectively, instead individually. We have so much symmetry with poor whites, but since Bacons Rebellion, it has not been in the rich interest to show whites, you have more in common. It is sad that blacks have low confidence. It’s sad that blacks hate themselves or all the negative stereotypes and history that characterizes them as only slaves and not humans who fought to be there best. The self hate is so real and deep that blacks join conservative groups to be stroked intellectually for being smart. The bailout king Obama is a corporate fascist sellout that hurt many black families. But anyone could tell, with his tip toe approach to calling out the rich, who mostly happens to be whites. The stereotype of low IQ, low competency, lazy, and poor morality makes us the easiest targets of there eugenics agendas. Blue Dog Dems are the worst Libertarian Fascist. They give you false hope and keep the status quo. We are waking up and intellectually will be self sufficient people.

[@MarkoKraguljac]

@kingleonardo Which ideas?

[@why_it-]

right, I feel that genrally people misunderstand the term "survival of the fittest." People take this to mean the strongest but many animals don't survive by being the strongest they survive by FITTING into their position in an ecosystem. It's really quite silly to think of evolution in that way.

[@TheMidwestsk8ter]

@MarkoKraguljac Why are you telling me?

[@Questington]

this guy has understood the concept: tragedy of the commons. but he has not understood capitalism. Free markets without government intervention find a balance between cooperation and competition between people and organizations. Companies can merge to form monopolies, customers can merge to form buyer monopolies, companies can diverge because 1 big company becomes inefficient or because buyers require it. Capitalism solves tragedy of the common problems better than the government.

[@DavidByrne85]

What makes you say that?

[@2leet2cheet]

@NicosMind While I've never read Frederic Bastiat, I have heard that quote. Great quote and I will be adding "The Law" to my reading list. Again I completely agree, yet I find myself frustrated by the fact that far too few hold these views.

[@DavidByrne85]

This is a quite ingenious analogy. Brilliant video

[@TheMidwestsk8ter]

@MarkoKraguljac Resource based ecnomy

[@elquemando]

DROs can only work where the consensus collective will to enforce a ruling exists. Where there's a possibility of rebellion against a verdict/or of profit-seeking defiance: what then do you do? If the client you depend for on your survival... defies a 3rd party DRO ruling against: must your biz commit suicide? Sussing this can be a huge drain on pricy management attention By collectively subcontracting enforcement, firms can focus on core wealth-producing functions. Confidence, cost savings

[@SerChade]

I can see the point of discussing these issues, and finding a solution for them but we all know they're never going to be implemented, not until we have another world war or something of similar impact - the only people who have the power to change the system are the ones who keep the current system in place for their own gain, who are they? Mankind.

[@rh001YT]

India now has a middle class larger than that in the USA, and that happened in about 25 years after the economy underwent significant liberalization thanks to now PM Singh, who was born dirt poor, but with good parents. There are still lots of poor in India, as they had lots before liberalization, but there are less poor now. Main prob in India is ancient ways, not the liberal economy. Not against unions or safety regs, there are such in India, but the invisible hand is working there.

[@ipwnorcs]

@mba2ceo turn that 20% into .1% and you would be correct.

[@meadowsirl]

its no "zeitgesit moving forward" but better than the usual rsa pap.

[@Yauri91]

very informative

[@elquemando]

11:58 the libertarians proclaim that "all taxation is theft". Theft is the involuntary alienation of legally held property. Property rights are established, maintained, transferred, executed, and so on... only where there exist a social structure with the trappings of a government, which make these possible -, and enforce these. For most of humanity, living without the protection of taxation is a symptom of living without Law.

[@wj3186]

You failed to present the underlying problem succinctly. There are people who think they should be able to craft laws themselves, in their own self-interest, even in spite of other people. This is the very thing the Constitution was meant to constrain. If they succeed at convincing citizens that the power to govern should be held by private enterprise, then the Constitution becomes a impotent document (because rights are being afforded by how much capital an entity commands). I find it astonishing that so many are complicit in this. When my ancestors spoke of the devil, this is exactly what they were talking about.

[@NicosMind]

@DavidBy 2 comments of yours i never seen. "professional economists". Well i dont get paid for it but id say im a dam sight better than many. Last count i had 60 books in my library and probably have about 80 now. And to give you a clue how dedicated i am im reding Herbert Hoovers Memoirs the Great Depression Years because theres 2 versions of history and im interested in finding out the truth. Ive replied about research in the other comment but heres a little extra ?v=R8DwAM9OAbw

[@MarkoKraguljac]

@JohnGaltHasSpoken That was an argument. Next.

[@TheMidwestsk8ter]

@eduvc123 Lol another label? The information is irrespective of personality.

[@MarkoKraguljac]

@kingleonardo "Dignity and survival though job" is outdated, but heavily conditioned masses refuse to recognize that. That ignorance is further supported by those in power who use topic of "jooobs" as leverage for social control in increasingly chaotic system. Our problem is not economy but politics and outdated social contract. Solution is that ALL people need income irrespective of conventional employment. Once that is recognized and implemented CAREFULLY most of our economic woes will vanish.

[@DavidByrne85]

@NicosMind Hey who really does know about economics? Certainly not professional economists. Why not play the ball? We aren't talking about 1790, & there's a big difference between somebody inventing the steam engine in his shed and the coordination needed for next generation robotics, nono-tech & so on. So the analogy doesn't tell us much. (cont.....)

[@NicosMind]

@DavidByrne85 You clearly know nothing about economics. Private enterprise has always been the drivers of the economy and R&D. In the industrial revolutionthe UK government spend nothing while the German and French governments had spent heavily in order to compete. Even now with as much as government has entered the research field(out to help special interests on the public purse), private sector R&D runs 60-70% of a countries total R&D.

[@marquinhus]

Yeah, @mba2ceo, but I think we should think more in real life stuff, not in terms of "if". Capitalism has shown, for these centuries, to be the kind of economic system that gets more and more unequal: the competition didn't bring us well-being, as Smith thought, but exactly the opposite. Just think, for example, about how many people is killed by hunger every year. Take care, hugs!

[@jamesodell3064]

I kind of remember so very bad famines is the USSR and communist China. India seems to be doing a much better job of feeding itself since adopting a more market based economy.

[@elquemando]

Capitalism and democracy can coexist - I accept and embrace that. OTOH at a fundamental level, capitalism won't exist without capital: which often (at least, in historic terms) had accumulated independent / even in odio / of the people ~of the demos, however you tell it. Capitalism will, at times, produce results which well preserve and protect capital... but fail on other counts. Capitalism and democracy can play well together; but have distinct implications for society change ~cf. PR China

[@alfredbudy1985]

elquemando Libertarian Fascism is what most Americans engage in to acquire wealth. It is a type of Libertarianism that denies Libertarian values to the rest of humanity. I remember the Libertarian Trump that said he wouldn’t concede the election. Backed by Cigarette 🚬 Companies, Gun Manufacturers, Dirty Coal Industry, Koch Industries, and etc the fascist corporate tentacles 🦑is stripping the world ‘s Libertarian rights. Bourgeois Democracy is what those who acquire that wealth engage in to suppress the vote 🗳 and make sure social programs like the New Deal which never benefited Blacks and almost got FDR taken out in a coup, will never get implemented again. It has been a gradual erosion of rights and appointing fascist judges and government positions to suppress the proletariat votes. The proletariat is us who want change and understand that Affirmative Action was White and the Irish Became White by making blacks characterized as vagrants and contagions of wealth. To be a contagion 😷 of wealth creates a impression you don’t deserve wealth and what little you have should be taken away from you. The philosophy of making the poor poorer. They hate a successful Denmark Vessey style people uprising. They hate a smart Frederick Douglass type brother. They hate blacks that thinks collectively, instead individually. We have so much symmetry with poor whites, but since Bacons Rebellion, it has not been in the rich interest to show whites, you have more in common. It is sad that blacks have low confidence. It’s sad that blacks hate themselves or all the negative stereotypes and history that characterizes them as only slaves and not humans who fought to be there best. The self hate is so real and deep that blacks join conservative groups to be stroked intellectually for being smart. The bailout king Obama is a corporate fascist sellout that hurt many black families. But anyone could tell, with his tip toe approach to calling out the rich, who mostly happens to be whites. The stereotype of low IQ, low competency, lazy, and poor morality makes us the easiest targets of there eugenics agendas. Blue Dog Dems are the worst Libertarian Fascist. They give you false hope and keep the status quo. We are waking up and intellectually will be self sufficient people.

[@polarbearanne]

@mba2ceo Tell that to the largest middle class that the world had ever seen, when America was the most capitalistic ever.

[@MarkoKraguljac]

@ontheotherhandx6 ..and rest of the developed world was shred to pieces having no alternative but to crown the new king - US of A. Try to understand them.. when most people from US say capitalism they mean good life.. they dont really know what capitalism really is. Its easy to love it, even not knowing what it is, when you have whole world under your boot.

[@PyroK8]

@MarkoKraguljac The state is obsolete. Time to throw it away.

[@sha9543]

Too complicated

[@Kazekoge101]

he had a few interesting ideas