What Does Post-Capitalism Look Like? | Yanis Varoufakis

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Free market capitalism died over a 100 years ago and gave way to monopoly capitalism. Now, to avoid dystopian capitalism, there may be only one way forward...
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#PostCapitalism #UBI #YanisVaroufakis
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[@yortsemloh1156]

Slavery never ended and neither did the aristocracy. They both took New more acceptable names but they are still here and so deeply engrained that their system could never be broken without millions perishing.

[@kylehill3643]

@@StarGazerHere They just changed their clothes to match the current fashion. Capitalism if you can call it that doesn't really exist.

[@gigaboy47]

@@kylehill3643 Bailouts isn't capitalism. America isn't a Capital society I agree it is a Socialist society. The Vast Majority of Congress and the President today push for America to become ever so more Socialist while the media labels them as Far Right. The Last President got label as a Far Right yet signed into law the two largest stimulus in the Nation's History. The U.S. spent by far more stimulus money than any other nation and get call "Capitalist."

[@mementomori1749]

Slavery isn't capitalism, you're a clown.

[@kimobrien.]

@@gigaboy47 Its the declining rate of return on investment that results in the need for bailouts.

[@jarogniewtheconqueror2804]

Yes rich families are the new royal families, funnily one of them is actually publicly royal as well. Of course I mean the Saudis who are beyond rich

[@kevincrady2831]

The Good News: We're becoming a Star Trek society! The Bad News: We're not the Federation, we're the Ferengi.

[@kylehill3643]

Feels like it. And then people will vote in The Borg collective thinking it's the ends to a mean.

[@zacharymoss2994]

Maybe the ferengi are correct kzbin.info

[@hellcat5360]

at this point i will take anything the system is broken

[@129das]

No the Ferengi are better then humans.

[@Size8fittedguy]

LOL

[@deelove6899]

In a nutshell, people will no longer be forced to work to have their basic needs met.

[@jordyangel533]

It wouldn't be enough for people to stop working. But it will be enough to lift the stress that comes with the constant pressure and worry of making ends meet.

[@MirkoskjiVero]

Work will just change. Healthy people get bored anyway. It is not true that we strive for laziness.

[@adamplentl5588]

@@MirkoskjiVero Why does not working for a corporate master = laziness in your mind?

[@InspiredonYT]

@@adamplentl5588 because people are lazy by nature. Why do you think smartphones sell so well? Because they allow us to live a lazier life...

[@adamplentl5588]

@@InspiredonYT Sounds like bootlicking simp mindset to me but ok.

[@rsupreeth]

This is first time I heard a clear case and example of post capitalism!

[@kimobrien.]

And just why should the capitalist agree to this?

[@coolioso808]

For more clear cases and examples check out World Beyond Capitalism, TZMOfficialChannel, Culture in Decline by Peter Joseph and One Small Town Contributionism by Michael Tellinger.

[@jsnel9185]

I've been saying its going to be Cyberpunk or Star Trek, we better choose wisely.

[@Glowerer]

More likely it's going to be Cyberpunk, *then* Star Trek.

[@kylehill3643]

@@Glowerer We keep electing people who HATE the Constitution and the USA. The USA is the last thorn to their side of global dominance. Europe is so soft they already have them by the balls so there is no need for a violent overthrow except for show of force as a reminder of who they really are.

[@kerriekupar6466]

@@kylehill3643 then the US will end up like cyberpunk and Europe will end up like star trek

[@rickiex]

In a capitalistic society, profits are sought over the good of people, and people are exploited for that sake, if people benefit from profits, that's a plus, but it's never the other way around. As it stands, we are definitely heading towards a cyberpunk society, where people would have to work (x)hours a week or even a month to have a place to live. Corporations would own all means of society, and people are forced to live in housing bunkers on the property of set corporations. Everything would be digitized, disabled, old, and mentally disabled people would be killed off, as there are no profits to be made by individuals who cannot work. There are no profits in human kindness, we will live day to day, with no future. Companies will continue to grow and become mega corporation who in will have their own private military protecting it's workers as resources have become too scarce. The environment would be devastated. Space travel will not happen as it's not profitable to invest in nor do we even try to develop the technologies to do so. We will be stuck in an endless cycle, being slaves fighting for corporate interest in the little resources we have left on the planet.

[@ct-hv1uz]

It’s going to be brave new world note for note for note.

[@reeferrotrandy458]

Capitalism ended in 1971. We have been running on crony capitalism for 40 years. The government gate keeps these industries in service of the big guy

[@adaptablerubenvideos3097]

Crony capitalism is pretty much the last stage of capitalism and after that is extinction which could happend in the next few decades if we keep capitalism on the loose

[@kewlasdeykum]

Companies and Billionaires would rather allow America's economy to crash, than giving (trickling down) money to middle and lower class individuals. Sharing wealth will never happen.

[@adamplentl5588]

Then there will be blood.

[@titanfighter12]

@@adamplentl5588 no there won't. Comments like these always make me laugh because this society is fully encapsulated in comfortability. There is no revolution, nor will there ever be, that would be uncomfortable.

[@awathislammwalile4537]

@@titanfighter12 its depend on the course for the revolts

[@Damesanglante]

@@titanfighter12 That's probably what most people said before the revolts.

[@titanfighter12]

@@Damesanglante there will be no revolts, Jan 6 made examples

[@virgoblue1392]

What was before Capitalism? In fact what was culture and life like for the indigenous peole before the arrivals? Could that life have been the true freedom we so call freedom today.

[@DittyDafku]

Maybe but in the end, humans made these decisions on their own. We naturally gravitated towards this security. Total freedom would be indigenous livelihoods in forests and shit. Not with that either though.

[@BesiriWine]

In postcapitalism money in circulation to reflect life itself, detach earnings from occupation. Every man should release a monetary unit every day and use it. Money should not be able to make more money, therefore interest should be prohibited. At end of life, the total amount released by the person should be drawn out of circulation. This is how the markets will adjust to needs and demands without imposing consumption upon people. Public sector should be served part time from all.

[@lol-uu6qm]

Beautiful ideas the possibilities are endless

[@zacharymoss2994]

You may want to talk about this with someone from Venezuela, China or Cuba

[@reasonerenlightened2456]

A minimum wage earned by working 35% of the entire human lifespan should pay for a dignified existence throughout the entire human lifespan. It is that simple really. Now, calculate what the minimum wage must be, plus what the UBI must be. (for example, 30 years on a minimum wage should pay for 20 years of growing up and 20+ years of retirement without compromising 'the dignified existence' throughout the entire human lifespan)

[@reasonerenlightened2456]

The solution you propose violates human nature. In Capitalism there is only the owner and the Employee. Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. ==--==--==--== Now I'll teach you all . (The solution Marx failed to see is that the distribution of the ownership must look like a bell curve. There must be a Law that controls the shape of the curve ( i.e. for each 'Y' amount of citizens there must be a 'X' amount owned that fits the bell curve.) ) THE CURRENT DISTRIBUTION OF 'WHAT IS OWNED BY WHOM' RESEMBLES A NEEDLE (I.E. A DELTA FUNCTION ) It must be made to look like a bell curve and the only way it can happen is by means of a Law that TAKES from everybody and then re-distributes it in a way that makes the bell curve a reality.

[@zacharymoss2994]

@@kelb0y9o20 this Russell brand kzbin.info/www/bejne/f2K7aGVndpljoqc

[@dr.samuraisminutelecture7064]

GREAT VIDEO. LIVING ON CAPITALISM LED US TO WHAT WE SEE TODAY WITHOUT DOUBT. WE NEED A NEW PLATFORM THAT INCLUDES COEXISTING WITH NATURE.🍏

[@donnab.333]

BINGO!

[@dr.samuraisminutelecture7064]

🍏 @Donna B. THANK YOU

[@Yh-vi2sv]

What would that be called

[@dr.samuraisminutelecture7064]

I AM PROVISIONALLY CALLING IT IN MY PAPERS 'RE-UNIFICATION THEORY (WITH NATURE).' SINCE NOBODY IS POINTING IT OUT YET.

[@reasonerenlightened2456]

In Capitalism there is only the owner and the Employee. Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. ==--==--==--== Now I'll teach you all . (The solution Marx failed to see is that the distribution of the ownership must look like a bell curve. There must be a Law that controls the shape of the curve ( i.e. for each 'X' amount of citizens there must be a 'Y' amount owned that fits the bell curve.) ) THE CURRENT DISTRIBUTION OF 'WHAT IS OWNED BY WHOM' RESEMBLES A NEEDLE (I.E. A DELTA FUNCTION ) It must be made to look like a bell curve and the only way it can happen is by means of a Law that TAKES from everybody and then re-distributes it in a way that makes the bell curve a reality.

[@asuka_the_void_witch]

this is MARVELOUS!

[@ejbh3160]

Robert Anton Wilson proposed something very similar in "The RICH economy". Automated AI-run corporations are first 'Globalised' (like nationalised but global) - and the non-transferable shares are divided amongst every living human - the share dividends then being a universal income for every human being on Earth.

[@yourmaw8790]

old bob exposing his ignorance again ;) all hail discordia!

[@barbarajohnson1442]

I have thought the self correcting aspect of AI might just be ideal...countering/undoing sociopathic and psychopathic purveyors of greed

[@reasonerenlightened2456]

you do not need AI to redistribute wealth in perpetuity. What you need is a Law.

[@barbarajohnson1442]

@Reasoner enlightened, it seems that we have many fine laws that are not actually observed, or honored, just ignored

[@reasonerenlightened2456]

​@@barbarajohnson1442 I would dare to say, at fundamental level the laws we have do not address correctly the distribution of ownership of Wealth among the citizens. Also, they fail to address correctly the distribution of control of Power among the citizens. For example, We make many laws which protect the ownership of wealth but we never make laws which ensure every individual owns sufficient Wealth for such laws to have effect on them. (For example , the entire law system is based on the idea that it is acceptable to take from the others more than you give to them. Basically, In Capitalism there is only the owner and the Employee. Ultimately, the 'Employee' makes the products, takes those products to the market, sells the same products, he made, to himself and finally he pays a fee known as Profit to some 'Owner' for a permission to own the same products he made and sold to himself. The owner gets to collect profit for doing nothing.....and many call that 'earning' instead of 'taking'. It is 'taking' but sadly the laws we make protect the takers without providing any compensation for those from whom it was taken. (Small business owners have to wear "the owner hat" and "the employee hat" at the same time to different degrees. The 'owner' exploits the 'employee'. )

[@karmaflow]

Well done. Thanks for sharing this inspiring document.

[@kimobrien.]

Nothing new here just another utopia dream that some how the capitalist will agree to make themselves superfluous because its the right thing to do. Dream on nothing changes without class struggle.

[@MoyToy84]

The Venus project comes next, a Resource Based Economy, because the Earth does not have infinite resources.

[@Jesus-kt5dc]

*We are in a resource based economy, that why the US is always involved in regime change. That's what MMT is, but most people don't recognize it.*

[@calderarecords]

Agreed. The Venus Project have demonstrated that a RBE can work & is our evolution. I just wish the mental state of humanity was better prepared.

[@andrebombardier3021]

I don't understant why there are only a 15k views of this..

[@dansisco3076]

KZbin is a corporation owned by Google, a corporation. Now do you understand?..💰+🔌= CONTROL of INFORMATION

[@andrebombardier3021]

@@dansisco3076 i see. I was afraid people were not interested..

[@kelb0y9o20]

Wow there is a reason this video doesnt have a million views people...

[@Markus-rs5fk]

Socialism, then communism. Fully automated to the point of the job of the common man being replaced by automation, work for survival is replaced with work for purpose and bettering ourselves.

[@ChrisJones-dn9hz]

so can we get to that understanding before the blows come...?

[@DrillEntertainmentNetwork]

star trek

[@kylehill3643]

@@DrillEntertainmentNetwork XI Jinping is listening.

[@blaner3228]

Except someone makes the robots thinking that machines appear is just not possible. The core of every society has been the same since the ancient egyptians

[@nellygottabelly]

This makes SO MUCH sense 😭

[@EclecticSceptic]

Great video

[@jasondesignmedia7495]

I think the solution in this video is so understated, to tax shareholder profits and distribute them to society is a game changer because the people that live in the countries where these companies operate are effectively the main stakeholders and shareholders.

[@WorldIntelligenceSculpture]

Good job brother

[@mina_chiba]

I really like your observations and your ideas. It’s all about who owns the machinery and the land. I wish there is less political gaslighting and more collective ideas about post capitalism. The “everything is fine” narrative is anything but the shocking reality we are facing daily.

[@actually.johnsmith]

i hope this comes true one day

[@vertexlila9384]

Freedom and more freedom

[@Vplaytg]

I have a question. While I really like this concept, I can imagine it making it harder for us to tackle certain societal issues. For example: Right now we have a strong societal drive to combat climate change. A small proportion of the population is increasing profit based on production and out concsumption. Creating trash is locrative, taking extra measures to reduce trash isnt in a economical sense. Another part of the population is only faced with the adverse consequences of enviromental destruction, while not generating any money from it. So now, if all of us profit from the capital we are generating, wouldn't that all of a sudden give all of us a strong insentive to keep polution going, as this would be the most efficient way to us maintaining and increasing capital even if inevitably it will lead to our demise?

[@Aneurism_]

What is this new “ism” called? I love the idea 😍😍😍😍😍 life for everyone

[@LylacBPX]

It's literally communism. If the means of production are owned by everyone and they're used for human progress and well-being instead of private profit, there isn't a state, and people aren't forced to work you're literally living in what Marx considered the final stage of communism. The "communist" states of the 20th century were called communists not because they'd reached this society, but because (in theory) they were striving towards it.

[@donnab.333]

@@LylacBPX What you described sounds similar to co-ops.

[@yeeyee5117]

@@donnab.333 Which is one potential component of a socialist society under Marxism. I recommend many people to attempt to learn about Marxism because it becomes more important every year

[@mementomori1749]

@@LylacBPX Funny this channel is called "Sustainable Human". Are you guys legit listening to yourself?

[@hellcat5360]

this is what i want how do i sign up?

[@panosskaf13]

In which terms will "we" asset which companies would be the ones that they give part of their profits to this global fund account? Would it be a challenge for blue whales and try not to be blue whales anymore, in order to avoid taking part in this situation?. I mean, it would be easy for the shareholders to divide their shares to many well being companies and lower blue whales' market caps. But thinking of this, this could be an alternative way of unmetacapitalizing the global economy. So, win win situation and more cash for the poor.. It works!!

[@globaldigitaldirectsubsidi4493]

Technology will replace it, like any other paradigm but we will suffer just as much in the better world because we get used to our new conveniences very fast. Utopia is an illusion, an unreachable goal but it´s pursuit gives you happiness. Only if you remember the past, you can appreciate what we already gained and be happy in any time in history.

[@vN2w3Z59BM]

So you think humanity will be the same in 50 years?

[@kylehill3643]

@@vN2w3Z59BM Sorry but it's a complex subject a few posts can't make.

[@robertspears5402]

It's scary because the system to do so will most likely be a.i. So what if a.i. is flawed? What about nuerolink?

[@gabrieloliveiracanela9099]

I mean pretty much every single human being is flawed too so yeah

[@markanxrath1369]

@@gabrieloliveiracanela9099 okay ?

[@gabrieloliveiracanela9099]

@@markanxrath1369 I mean, the systemy we are in right now is already open to flaws, there would be no difference whatsoever, and if there is, it's prolly for the best, wit less flaws

[@gabrieloliveiracanela9099]

@@markanxrath1369 I mean, Ion even agree wit dis video at all but u kno

[@PeterSmithRewilding]

I agree with nearly all what you say but the remedy is to tax monopoly not profits - a Land Value Tax, other monopoly taxes and environmental externality taxes are a far better solution. Platform monopolies advertising monopolies can all be taxed and take taxes off of normal trade, normal incomes etc. While I understand the complexity and thought needed to arrive at this conclusion it is very important... This is so important as taxes on Land, monopoly and externalities rewards all to act in ways that help the planet and others using less resources. It punishes those that extract economic rent from others and harm our planet. This drives behaviour and societal change for the better.

[@kerrylindsey7312]

Henry George had it right 150 years ago

[@triple.t9857]

Video can be shown to anyone and they will understand capitalism, and post capitalism

[@jordyangel533]

Andrew Yang has entered the chat

[@noe616]

A 1/3 contribution is more than enough. If that amount still fails to fix poverty then we aren't capable as a society to solve it. Then we must cut the percentage of contributions yearly until we figure it out.

[@johnsouth3912]

Standing in a long line waiting for very little, is what post capitalism looks like!

[@philis_dude9399]

Once we get to 100% whats the point of exchange mechanisms, money?

[@TankMarko]

Capitalism almost ended after world war one. Russia became communist, Hungary became a soviet republic, Spain was on the verge of anarchy....we were so close. The next logical step was for Germany to become a soviet republic...that didn't happen. Germany fell to nazism. Next horrible year for ending capitalism was 1991. The USSR was dissolved and with her, nearly all communist countries became capitalist again. Humanity came so close nearly 2x. We cant have the same mistake happen again, we must fight back against the capitalist class.

[@kylehill3643]

Problem is everything has been sent to China so no love or care. Then we have generation(s) that only know that system like you.

[@SteveWhetstone-UXDesigner]

thank you. I would say more, but youtube censored my previous comment where I wrote more.

[@artofexistance]

A tax on AI driven firms is a good idea , and transferring the excess of those productivity gains should be allocated to citizens who have been laid off due to autonomy. They get paid to consume , and capitalists can continue to create solutions for new market demands. Community AI agents can be best used to allocate the productivity gains at a cheaper cost than politicians. Each community would be have to design alignment goals with their AI agents to accommodate their unique demands, Hence continuing to deliver greater solutions and community purpose to better their condition

[@shocken90]

What comes after capitalism? Socialism

[@benchang1022]

Andrew Yang’s value added tax, “tech check” is saying exactly what you’re saying.

[@monke6774]

Star trek Technocratic Socialism?

[@renlevy411]

Based

[@boomerraptoons8323]

the one big problem with this idea is it overlooked thst companies will simply move overseas to countries that don't have this policy.

[@boomerraptoons8323]

the only way this could work is if the world collectively agreed to it and that's probably a long way away I think.

[@_b-e-n_]

Repost?

[@SustainableHuman]

It was edited a bit for more clarity. But yes, repost.

[@salemtanjibpromit7883]

If capitalist or monopolies would give such share for public cause than there wouldn't be any under privileged person on Earth now...! The point is stabilizing capitalism will never possible by it's own law of growing capitalism ( just think about how environmental and periodic economic recession made rich people more rich and poor to more worse..) and replace capitalism, I mean replace private ownership to public one.

[@anthonyweldon4434]

Holism ❤️

[@cerealpuffsalmomd1625]

@3:59 texting and driving smh 😠

[@chinmayadhiman3358]

beautiful concept worth dicussing

[@davewelbylivinginhistinyti4796]

This could be the reason why so many must die, because then the universal payment system to be, wouldn't be so much of a problem for the rich and powerful to pay the % rate.....

[@drodsou]

This is the only realistic way I see to a decent future. The "degrowth" anarco-eco-communism option is just deluded regression to me, good only for a small portion of the people that likes that way of living, but not suitable for a whole civilization, especially one that needs to become a space one, the only way to ensure that Earth's life lives on.

[@paulsawczyc5019]

You can't fix money - it must be junked.

[@mothermovementa]

Human centred capitalism

[@UniversalPotentate]

He avoided the entire understanding of producing NEW machinery and the reward of personal advantage. The problem of poverty can be solved by a Universal Living Income. The people don’t need to own something someone else has built. If you want to argue that certain industries function poorly with profit motive and the government should buy them out ... great! But don’t tell me I’m required to share my ingenuity with everyone else. There’s no good economic reason for that.

[@davidwinter8794]

UniversalPotentate you’re not sharing your ingenuity, you’re using it, for the benefit of mankind. If you don’t want to do that, shame on you.

[@inwoodeden2440]

@4:36 "The money that trickles down to us will be very little. But the higher the revenues and the dividends of these companies, the more money goes to the people." Ummm, your solution sounds exactly like trickle down capitalism. I think people are smart enough to see it.

[@SustainableHuman]

How much money are you currently receiving from all the big tech companies out there? And what are you proposing to shrink the wealth gap?

[@metallicman711]

the current system calls itself trickle down capitalism but there are no requirements for companies to return that 10% of profits back to the people that provide its capital. thats why it is different

[@inwoodeden2440]

@@SustainableHuman #1 Zero #2 For shrinking the wealth gap I propose that we make the same rules of ethics and morality for everyone(ie that we cease to legitimize extortion). Another proposal is to allow people to use a sound currency that isn't monopolized fiat(To cease the coercive enforcement of the monopoly). There are many others(like welfare, stimulus spending, speculation, inflation of economic bubbles, ect) but number one goes a long way in reducing those inequality creating practices. I hope that helps. I anticipate your reaction to be something along the lines of "But what about all the negative aspects of ceasing the immoral actions?" and all I can say is that it will be difficult. It will have the same challenges as a heroin addict going through withdrawls(even now we are seeing a relapse into the wealth gap creating patterns with the 2 trillion dollar "stimulus". Back on the wagon I guess.

[@jordyangel533]

@@inwoodeden2440 Actually, it's more of a trickle-up economy as the money is put back in the hands of the people.

[@goldenknight.1959]

@@SustainableHuman. We are receiving services for what we pay, yes Google is a monopoly but still they are competing with Bing and other search engines to out compete each other for customer value not necessarily monetary value. Seriously that was a stupid question. The private sector did not steal the Internet to become monopolists, the private sector facilitates some research, distribution and production of necessary equipment and the Government just funds and pays for services, Socialism is an anti-state ideology and the US military and Government paying private enterprise to use the taxes to fund projects is not socialism.

[@HiddenWen]

This unfortunately ignores the biggest block to a better world, which is human nature.

[@hsingpeikao]

Universal Basic Income, freedom dividend

[@reasonerenlightened2456]

'Freedom dividend' is the corporation's idea of a UBI. The real UBI redistributes Wealth , the 'freedom dividend' redistributes portion of the wealth which the wealthy choose to spend/dispose of/ invest. Huge difference. Ginormous.

[@kimobrien.]

Really and the state which is controlled though the two parties is going to this why?

[@cavegirl3712]

Yanis envisions Star Trek I envision the shire.

[@bluewater454]

What a great idea. Take a share of a company’s profits and put it in a fund for the common people. ….like taxes maybe? 😄

[@GabrielHellborne]

Not exactly; he's talking about the people as shareholders, not the government taking taxes and spending it on god knows what stupid shit they want

[@catdaddy5192]

What a naive utopia! Too good to ever come true....

[@travelers6043]

The end of the billionaire class.

[@waxpiscarr6340]

Everyone working for everyone… Decentralized… nft… nfts… GAW DAMN NFTS.

[@yeeyee5117]

Some of y'all are so close and need to just read works from people like Marx and Lenin and you'd be revolutionaries, not gonna lie. Please

[@kadran3263]

No: Automation does not mean more money goes to people. More money goes to people when more people are working and getting paid for working. Automation means more money goes to investors who then invest in more automation and then get more money which creates the wealth divide, slums, and economic refugees. Adam Smith did not know about automation and assumed paid employment. Star Trek exemplifies a non-fiscal society but which is still based on non-renewable resources and this is immaterial for this argument. Technology, moral use of violence and standards of living do not mean a sustainable and equable society emerges. Hopefulness doesn't cut it. Capitalism depends upon inequality and regulating capitalism ensures that such inequality is minimised. State policy ensures sustainable practices but only where capitalists are forbidden from lobbying for profit enhancement policy. Education to avoid destructive self-interest groups and to promote sustainable and cooperative practices is vital from childhood, through schooling, and into adulthood via news and media. Robots will let us sit about chatting philosophy? No. Nice hobby but I want to do something productive.

[@glenoneill3950]

AT SOME POINT THE MACHINES ARE GOING TO WANT A PIECE OF THE ACTION

[@alphacentauri8285]

AI dictatorship

[@glenoneill3950]

@@alphacentauri8285 Indeed.

[@sixzilliondots]

10 percent???

[@vettemuziekjes]

When their money becomes valueless, they will feel the wrath of the people they abused as slaves, many won't live very long and probably face a very painful death

[@artofexistance]

It’s not about money but capital. Wealthy acquire capital with ROIs that outpace the rate of inflation and other competing forms of capital. The labor market competes for money to spend on survival and enjoyment. When wealthy have excess capital (assets producing free cash flow ) they use the future value of their capital to secure credit for whatever they please. Credit for laborers get stuck at the deflationary form of money , credit for capitalists converts into larger forms of capital.

[@spencerroyal4109]

Not a solution. Such does not work.

[@nguyenhieu6731]

Communist: hold my BEER

[@davidevans6618]

Squirrels don't pay rent and the experts are baffled.

[@dreesunc]

They just don't have currency. They have to work for a living or they die like me and you.

[@davidevans6618]

@@dreesunc the Squirrels volunteer to look after themselves. I got no problem with doing that, over money doing us. And they don't even need Instruction manuals.

[@dreesunc]

@@davidevans6618 they probably have evolved that strategy in order to survive. Besides our pets, animals don't live better than us Lol. They are working almost non stop with no way to accumulate wealth and death is always around the corner.

[@davidevans6618]

@@dreesunc they have the technological skills of Squirrels, theirs houses suitable for them. They work as is a requirement for all movings things. They don't have a boss or an alarm clock or anyone to impress. They're free and bears hibernate, as all animals have their Natural role in their own lives. Only species on earth pays to live, is humans. FREEDOM from Financial servitude, doesn't mean we can be tree stumps, but we can build adequate houses for ourselves. Money grew arms and legs with a brain, ours. Money doesn't lift a finger.

[@davidevans6618]

@@dreesunc Also, pets, you got pets ?, You provide all their needs ?, You think you have it good 😂, I hope if you have a pet, which is an animal of captivity, for better or worse, they get everything they need.

[@angrybadger1409]

- Exactly. Given that the butcher, the baker and the brewer have competition from other butchers, bakers and brewers. Very important aspect. Each and one of them will want to win the market and sell more products then the other butchers, bakers and brewers. And how do they achieve that ? They will try to sell better quality products at lower prices. - Why ? Why is the ideea of the brewer, the baker and the butcher gone ? "Those companies could not be competitive" - Neither then in the 1870's nor now in our present the baker, the butcher and the brewer are NOT competing with with GE, FORD, GOOGLE, FACEBOOK and AMAZON :))) Not really. In fact the butcher, the baker and the brewer are benefiting from the existence of Google, Facebook ( ads = publicity. Bigger reach online ) and all the above mentioned companies especially from Edison. Now that the baker, the butcher and brewer have electricity they can produce more products with wich they can flood the market therefor lowering the price of set products. Electricity in general lowered the cost production drastically. Dont know what to tell you but cheap beer and porkchops are fine with me son. - Also, if these companies that are mentioned are monopolies they are voluntary monopolies and people choose the use their services or products willingly. Free will benefits society.

[@DrillEntertainmentNetwork]

extinction

[@heleneholm7059]

Ha ha ha ! Wonderful !! But do we need money then ?? 😃💸

[@saheruthepharaoh]

Extinction

[@babla69420]

Even better

[@Lyra0966]

Varoufakis might be a brilliant man but this vision of the future, of a post-capitalist utopia, is wrong-headed. People enjoy productive and meaningful work when they feel valued and in the absence of exploitation. People enjoy the communality that work provides. Shared endeavours and cooperative production which sustain both community and families provide a sense of purpose, absorption and commonwealth. The workless society envisaged here would feel psychically sterile and ultimately pointless. People do not necessarily need or want excessive toil but most people need meaningful tasks and objectives from which to derive satisfaction and some sense of purposeful accomplishment. I don't want a robot army serving me breakfast or helping me to wash myself.

[@kerrylindsey7312]

You say, "People enjoy productive and meaningful work when they feel valued and in the absence of exploitation..." That may be true, but I doubt 90% of the jobs out there deliver that. Read Bullshit Jobs by David Graeber

[@TiananmenPrism]

Communism without communist lmao. Lets see how we can get those dividents from big companies without revolution (spoiler: we can't)

[@miguelcampos9335]

Skynet comes after capitalism.

[@blaner3228]

Except you didnt build google, google did and you are using thoer product so it would make sense that they gain capital. And when the robots are built they are not free someone has to pay for them, so why are they entitled to you?

[@Damesanglante]

There is no money in Star Trek.

[@3rendyn]

lol... close one

[@BrasilPopular]

The Resource Based Economy. The Resource Based Economy comes after Capitalism. Any answer different than this one is wrong.

[@goldenknight.1959]

Ever heard of price signals? The bloke in the video above is a moron, even in monopolies there will be competition, instead of price based competition it will be service value based competition, The Government is the furthermost entity away from collectivism, the state is a byproduct of Capitalism and real socialism is anti-state, real socialism is impossible on a small scale so attempts of large scale socialism always degenerated to Capitalism with strong States. Businesses Don't steal the idea of an internet from you and me, Private business facilitates research, production and distribution and some funding, while the Government in the World Wide Web scenario just invested a larger share.

[@BrasilPopular]

@@goldenknight.1959 no, you're the moron, it says so right in your name.

[@EclecticSceptic]

@@goldenknight.1959 The internet was invented by the US state and the world wide web was invented by CERN (a European state scientific organisation).

[@scotthullinger4684]

No matter how shitty Capitalism is, both Socialism and Communism are ten times worse -

[@thorr18BEM]

I'd rather a 5% annual wealth tax than this 10% corporate income tax.

[@TheEnigmaProductions]

We need to cancel capitalism

[@blanchae]

I was agreeing and then it took off into left field. Sorry, the path veered too much.

[@nicklekkas38]

bitcoin

[@ajitkumar1579]

Sound like another smart lie

[@kylehill3643]

Pretty much. Communism is in many disguises to keep with the trend to fool people.

[@ecoterra8497]

Neo-capitalism is what we NEED.

[@Flunzia]

Communism is what we need.

[@nguyenhieu6731]

I don't broke chain of capitalism for chain of capitalism another

[@yakovgrynewicz4394]

The Russian accent is so enraging when it comes to criticize of capitalism!

[@xongie]

Yanis Varoufakis, the speaker in the video, is Greek.