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@Dan0rioN6 ай бұрын
This stuff been weighing heavy on my mind as well! Imagen a squirel hoarding all the nuts it could never consume in a life time just to starve the rest of the squirels that actually help them get more nuts smh
@mrchaos2396 ай бұрын
Weird dystopian world where you’re having this conversation while unironically advertising Bayer 😂
@zacharythomas86176 ай бұрын
Funny how the Middle Class Unionized Actor feels free to tell me the Working Poor Un-Unionized Sales Representative that I don't deserve a billion dollars through my own merits.
@TheAmericanAmerican6 ай бұрын
JFC on a bloody cross... I know you're working hard to make it, Adam, but I never thought I'd see the day you run an ad for a Big Pharma product... feels wrong man.
@DavidJohnson-pu2jh6 ай бұрын
I personally like Financial Flow economics that promotes a big happy well paid middle class and shrinking poverty to as small as it can be made as much as possible financial flow economics basically says if you have that well paid middle class they will spend free spending money or extra money they have each month in their local communities Building and sustaining the overall economy as the money flows through the system of society always remember money is a tool with a purpose and a place hoarding it makes it worthless in many ways and stops the financial flow circulation Do you Get it.
@ToiletPlugger6 ай бұрын
There is just WAY too much money at the top and not enough of people on the bottom getting their fair share for work. We're more educated, work more hours, and get significantly less pay. pennies by comparison. I honestly have trouble imagining how people want to operate in a system where a guy like Elon Musk can buy Twitter for 44 BILLION DOLLARS on a lark. meanwhile people are having to make a decision between eating and having a place to live...it's beyond disgusting and hellish.
@3nertia6 ай бұрын
Welcome to capitalism - Profits over People!
@endxofxeternity6 ай бұрын
Plus Elon has made the platform unuseable
@ToiletPlugger6 ай бұрын
@@endxofxeternity exactly. he's incompetent and has more money than 99% of people ever will. why? Why bother?
@coopsnz16 ай бұрын
how rich a poltical class areshole & union leaders you havent lived in australia ?? high taxation sucks
@OneIroNauT_16 ай бұрын
@@coopsnz1Labor is taxed higher than the dildo corporations or their ceos, that’s why you have such high individual taxation. Same in the U.S. Billionaires can pay little to no tax, because tax laws are written for them. Billionaires and people with 50-100 mill in assets can live off of Loans all year and pay no tax, just very minor interest compared to the money they rake in on investments. Jeff Bezos Qualified for Earned Income Credit and received it. That’s for people making under 80k a year with dependents. We don’t live in a capitalist system or democracy, we live in a perversion of the 2 where Big business and their bough and paid for shills make the laws and regulations to suit them and screw everyone else. There would be massive poverty and even greater inequality under a pure form of capitalism. There would be way less poverty and inequality under a purer form of educated and unpaid for democracy, even less under a Social Democracy of some kind, depending on the goals of said system. Nothing is fair and equal under any system where laws ,regulations and govt are catered to a specific class of people at the expense of everyone else. The only reason it’s tolerated now is because we all grew up into the propaganda and brainwashing that was force fed us since birth and that still permeates every aspect of society today. We are in the middle of the invasion and were born into it, so everything that is horrible and could be fixed seems normal and unfixable.
@mac238066 ай бұрын
We need more conversations like this to be mainstream
@CafeLuАй бұрын
Agreed!
@lady_draguliana7846 ай бұрын
“When the people shall have nothing more to eat, they will eat the rich.” - Jean Jacques Rousseau
@3nertia6 ай бұрын
Who could afford the medical bill from the poison though ;)
@lady_draguliana7846 ай бұрын
@@3nertia LOL, well with the billionaires gone, all the hospitals would no longer be charging $40 for each cotton swab to make their private shareholders more money (b/c the staff doesn't keep that money, it goes to shareholders of privatized hospitals). and all the "valuable research" big pharma does used to be done by the govt. anyway; don't see why it couldn't be so again...
@eevee31686 ай бұрын
Jean Jacques Rousseau wrote great books.
@chuckascher26656 ай бұрын
The poor are obese. They eat enough.
@macseigel72956 ай бұрын
@@lady_draguliana784new research of the groundbreaking/exploratory type is still mostly done by government funded grants.
@lady_draguliana7846 ай бұрын
56:00 in the US it's worse than you think. For instance: Utilities (fmrly called "Public Works") are all privately owned, even when they're built by the govt. with our taxes originally, and all of their operation, maintenance and expansion costs are covered by subsidies; so you're paying your power company for nothing, b/c their operating costs are already covered by your taxes via subsidies. Amazon regularly convinces local govt's to build roads and run utilities JUST for Amazon, but then say they shouldn't pay taxes for Roads and Public Works that their business depends on... which they pocket as pure profit.
@Exiled.New.Yorker6 ай бұрын
Are you Canadian? Because im over 50 and have never heard anyone but Canadians talk about 'public works' in that way. Our utilities were private enterprises to start. CANADIANS had public works, built by their English masters, untill they wrre silly enough to sell them for magic beans.
@SlickSimulacrum6 ай бұрын
@@Exiled.New.Yorker , Our utilities were private, and the money to build them was not. Free handouts to rich human garbage. Theft of commons happens in many ways... Perhaps you know a lot less than you think you do.
@MatthewJoseph-tm9oo6 ай бұрын
Not only depends on, but uses and causes damages (and therefore increased maintenance costs) at a much higher rate than any of us as individuals or small business operations. And we pay for it.
@JP-hj1il6 ай бұрын
But according to this channel that's democracy. I mean corporations are human too. /s
@Acidfunkish6 ай бұрын
@@JP-hj1ilWhere does this channel advocate for that?
@j.r.marchley15636 ай бұрын
The most disturbing thing about the wealthy is the fact they seem to be above having any kind of morality or ethics. It seems that the rich conveniently remove any empathy from their characteristics because having feelings for their fellow humans somehow denigrates their egotistical life styles. The structural democracy of this country cannot be put into any sort of balance when you have 1% of population controlling all the wealth, political power and social medias. The fact the rich don't pay their share of taxes or are willing to assist those who are less fortunate than they are just compounds the problems exponentially. We have a world to save and all the inequalities occuring must be dealt with or as a civilization we are doomed.
@3nertia6 ай бұрын
Welcome to capitalism - Profits over People!
@3nertia6 ай бұрын
Welcome to capitalism - Profits over People!
@eevee31686 ай бұрын
True.
@Will140f6 ай бұрын
Interesting to think about: does incredible wealth really make one less empathetic, or are sociopathic tendencies generally required (or at least favourable towards) amassing incredible wealth?
@kimberlychodur35086 ай бұрын
@@Will140fI think it’s the latter, but I think it gets worse the more money they acquire.
@Kobebryantfan24ful6 ай бұрын
“Democracy and Capitalism are not synonymous.” Immortal Technique
@EternalKernel6 ай бұрын
FREAKING THIS! are you kidding me! I don't understand how people still have problems understanding this.
@schm00b06 ай бұрын
Democracy and Capitalism are antonymous. You have to fight for a free education, free healthcare, free housing, free internet, free transportation, transparency, laws that don't vilify people because of their gender, sexual attraction, weight, skin color, 'disabilities', spiritual beliefs (etc...). Capitalism drives it's subjects to seek to create monopolies, to lie in order to make profit, to see murder as externalities, to ignore all of the horrible consequences of any business as acceptable as long as they provide 'growth'. Money is NOT real! People are real! Their lives are real! So, let's not kill human beings for profit!
@jameseglavin46 ай бұрын
Hell yeah brother… Also, “capitalism and democracy are incompatible” - Noam Chomsky
@imnotmike5 ай бұрын
Socialism is a lot closer to democracy than capitalism is. Capitalism is literally giving voice and power to those with the most capital, while Socialism is giving voice and power to society.
@kalanievans11545 ай бұрын
@@jameseglavin4 as a democratic world federalist I've come to learn on a global perspective that world revolution emerges because republic and empire are incompatible. The affects of colonial empires including imperial exceptionalism and national socialism don't exist in a vacuum.
@user-ej5gx7ph7q6 ай бұрын
Gabor Mate talks about addiction to power. The harm is ignored for the compulsion for power... just like every addiction. The difference is junkies don't start wars
@user-gu9yq5sj7c6 ай бұрын
Well what about the opium war?...
@wesleywyndam-pryce53056 ай бұрын
@@user-gu9yq5sj7c it wasn't started by addicts.....
@salildeshpande75 ай бұрын
Mate is a partisan leftoid fool. Opinion dismissed.
@user-ej5gx7ph7q3 ай бұрын
@@user-gu9yq5sj7c capitalism
@analyticofexistance7847Ай бұрын
No, junkies start street fights. Seen it first hand in Australia.
@jujubesification6 ай бұрын
It's not about whether or not someone is smart and special and amazing enough to merit wealth. It's about whether or not the system should allow for such wealth accumulation at the top, removing so much from the bottom. It's a very very lopsided system that makes everyone worse off.
@EternalKernel6 ай бұрын
yeah, it shouldn't. there are a variety of more interesting and sustainable awards for hard work and exceptionalism.
@samkeefer71936 ай бұрын
Yup, Inverted totalitarianism..in the words of Chris hedges
@danrenton17496 ай бұрын
The problem isn't that there's nothing at the bottom though....
@user-gu9yq5sj7c6 ай бұрын
There's stats that some wealthy bosses make like 1000xs more then their workers or more. People can't be 1000xs more hardworking than others. I think More Perfect Union talked about that on their video on Gamestop. Also, many of your workers are hardworking too.
@danrenton17496 ай бұрын
@@user-gu9yq5sj7c Do you know, that if you have Grade 8 education, and make more than $8 you're within the top 10% of the richest people and most educated people on the planet? That means you, and I are hoarding the wealth.... if the aeverage american holds that much wealth compared to the plaet, then I think we whatever we ask of Billionares wealth, we should do to our own. Otherwise its feels like its the9% of the richest people on the planet complaing that they deserve all the money of the 1% while 90 % of the planet is dying... You don't need that Iphone, you can by cheap dumb phone and use the money to help some who really needs it
@SnowDeerling6 ай бұрын
I can’t stand when people complain that the minimum wage shouldn’t be higher because job x deserves more than y, but they fail to realize all the people who work x,y,z (and all of the others) should be fighting those at the top. They WANT us fighting each other. One of the best movies to depict the need for wealth distribution is ‘In Time’ with Justin Timberlake and Amanda Sefreid.
@kylesmoran6 ай бұрын
Yeeeeeeeeeeeeeeees.
@saturationstation14466 ай бұрын
denying the absolute truth of interdependence of life on earth is the best way to scream to the world that your mental development stopped before you reached double digits.
@MaryLudwig-q5q6 ай бұрын
Concentrated wealth is a confession of crime. In a society where no one can achieve completely alone, concentrated wealth shows that the holder of it has cheated his partners, underpaid his workers, overcharged his customers, and stiffed his supliers. We should regard wealthy persons with disgust and contempt as incorrigible criminals, not as models to emulate.
@murraymadness46746 ай бұрын
you are correct, but since they are the ones that own the media and they pay the people to indoctrinate a different view....they are genius and worked hard being born to inherite their millions/billions.
@wesleywyndam-pryce53056 ай бұрын
1 issue with your phrasing. "crime" is whatever the state says it is.
@MaryLudwig-q5q6 ай бұрын
@@wesleywyndam-pryce5305 L'etat, c'est nous. In a democracy, we are the state, and the majority decides. Fortunately for prosicial mutualists, we are the majority. Antisocial resource hoarders are in the biological minority, though they have quite the knack for using any foul means necessary for feeding their addiction to money.
@toddlyman94396 ай бұрын
It's fun to say eat the rich, but I'd be happy with a flat 25% tax rate on every $1 past $10 million (to exclude inherited farms) whenever it changes hands.
@tealkerberus7486 ай бұрын
@@toddlyman9439 Progressive income tax used to have a bunch of higher brackets than it has now. We could put an income tax of 90% on everything above the first million and 99% on everything above the first ten million and these people would still be filthy rich compared to the rest of us - but the government would have enough money to fund a good education for our kids and a functional health care system for everyone.
@RelaxingPlatypus396 ай бұрын
My parents have worked very hard to essentially build from nothing. Pretty much all my dad wants in this life is to take care of my mom, us and any future grandkids. He changed our family’s life, but also, he gives to church and every year my parents pick charities to give to. My dad is hoping to end up with about $6million for them to retire and live on until they die. They only became debt free in the last decade, and that puts them worlds ahead of many, many people. And then Jeff Bezos earns $6 million in the time it takes him to sneeze. There’s busting your butt for your family and community and then there’s Jeff Bezos. Great episode ❤
@Xoulrath_6 ай бұрын
Hey, Jeff Bezos works really hard to strike fear into his thousands of workers, who make Amazon possible in the first place, so that he continues to make more billions. Clearly he has earned every penny himself.
@sagolsemchamanganlakpa32546 ай бұрын
Jeff Bezos has created something most people willing to pay for. You are actually discouraging people to be innovative.
@EternalKernel6 ай бұрын
I wish more people got this the way you do, your parents are not "the rich" they may consider themselves rich if they want but they are not. When we say eat the rich, we are talking about people who are so rich that they are completely disconnected from the average human experience and have more money then they and their offspring/wards could possibly need. And particularly those people who use their excess of power and money to influence the world that REAL POEPLE live in.
@SlickSimulacrum6 ай бұрын
The labor exists, the resources exist. The only obstacle to our flourishing is hoarding jackasses. The intentional withholding of liquidity, and the claims over all productive properties, and resources. Not enough housing? The people to build them are all around you, the resources are available... Not enough food? The land is there, the people to grow it are there... Economics is realizing that the money, and the property rights are just obstacles to productivity. They were NEVER a net positive for productive ability. Always a mechanism of scarcity, for the exploitation and extraction from the rest of us. Power in economy is just another defined evil. The power to take without outputting of equal value. Capitalism = The Pursuit of Inequality. To have more than the other guy, and the close the door behind you by "owning" the means to produce. To rent the means to those who need it for a "profit."
@joshuagharis90176 ай бұрын
Answer : democracy in OUR economy . THANK YOU!
@oneradlad6 ай бұрын
I've always thought of the excessively wealthy like drug addicts surrounded by enablers and yes men that try their hardest to keep the addicts happy
@Sythemn5 ай бұрын
$1000 a day for 122 years (oldest person ever) is ~$44.5m. For their adult life, ~$38m. That's a lot if money. To me, this is in the ballpark of a reasonable cap on wealth. And it's still only 1/4000th (0.0225%) the amount several billionaires are estimated to have on paper. It is just absurd how much we've allowed them to accumulate.
@letsRegulateSociopaths6 ай бұрын
Actually if you are born in the US you only win if you are born rich. American upward mobility is one of the lowest in the developed world
@tonycampbell14246 ай бұрын
@@sagolsemchamanganlakpa3254 Why ya gotta lick boots like that, man? It's awfully distasteful. Are you implying that the only possibilities are Sudan and the US? France doesn't exist? Belgium? Sweden? Denmark? Come on now.
@WMDistraction6 ай бұрын
@@tonycampbell1424 They’re not bootlicking. They’re saying that Americans are very lucky even if they’re not born rich because it’s still a relatively stable, well-resourced country. I would rather be born poor in the US than middle class in Sudan cuz at least I’m only fighting financial instability - which is mitigated somewhat by (yes vastly insufficient) welfare programs - instead of financial, political, social… etc etc instability. There are many, many countries with many, many more problems than the US. Any reasonable person presented with the guarantee to be born in the US would take it immediately, even if it isn’t technically the “most optimal” place to be born into a poor family because there are *so* many other countries that have it *so* much worse.
@MusicthroughDHD6 ай бұрын
Infrastructure in US is some of the best in the world and infrastructure are spaces where luck congregates. That's how cities, even though there's the highest inequality within those regions compared to rural or urban areas, allows for more wealth to individuals due to the infrastructural spaces where those with money and jobs and other luck mechanisms all meet.
@Praisethesunson6 ай бұрын
He was spouting xenophobic cope. The resources in the U.S go to the rich. The majority of the American populace are just debt peons with less safety and security than people far poorer nations.@@WMDistraction
@3nertia6 ай бұрын
@@WMDistraction I grew up bathing in a creek and using an outhouse in the summer as a bathroom and a bucket in the winter, reading by candlelight and I'm 37 and was born and raised in the US ... How much worse is it in Sudan, I wonder lol
@tjet346 ай бұрын
I have CPTSD and pretty significant significant anxiety. Family history of OCD and hoarding. My anxiety demands I keep emergency supplies (food, medicine, water treatment). My desire not to become a hoarder means I've set a limit- 3 month supply for every person and critter in the house, enough extra for the friends that will likely show up if things go very wrong, and no more. It's very similar with wealth, I think. People are anxious about having less than they need, losing wealth/power/status/etc, so they start hoarding money. Problem is, they don't set a limit or stick to it.
@saturationstation14466 ай бұрын
thats actually not unreasonable or OCD. OCD is when you do things that have no practical effect like flipping a light switch off/on 3 times before you leave a room and stuff like that. you are just hypervigilant about survival, likely because you or someone who raised you had to live through a long period of economic hardship.
@tjet346 ай бұрын
@@saturationstation1446 I know, I'm borderline OCD (fit most diagnostic criteria but not all of them) but try to be very careful about not tipping over the line. It's easy to allow periods of high stress and necessary coping skills to turn into full blown OCD compulsions, so I set limits on my behavior to prevent that. For one of my siblings, it already is OCD.
@tjet346 ай бұрын
For instance: having a supply of food, checking it seasonally to ensure it's all still in good shape and safe to eat. Not OCD. Checking it twice a day for bugs and contamination, being sure it'll be bad if I don't, that can easily be OCD compulsion.
@tealkerberus7486 ай бұрын
If you are able, I would suggest getting into market gardening. You can be growing enough food to support your household and ten other families in an emergency, but you're not hoarding because the food is growing in your garden, not going stale in your cellar. And while it's not an emergency, you've got a functional business that is enabling local people to buy local and reduce their food miles and GHG output. Also, rather than water treatment supplies, as a rural Australian I have a rainwater tank fed from the rain that lands on my own galvanised steel roof. You can put a filter on a system like this to make sure that dust and other contaminants don't get into your water supply, but the important part is that if you live in an area with enough rainfall to support agriculture, you have enough rainfall to support a household - forever. With your own vegetables and water, and rooftop solar panels for electricity, you have a significant ability to support your needs for extended periods of time. I find it really helps my sense of personal security.
@tjet346 ай бұрын
@@tealkerberus748 we just moved to an area with good rain, and actually have an artesian spring well now. It overflows every time it rains, so I'm less worried about contaminants compared to catching rainwater directly off the bird-shit covered roof. We are planning to put in a greenhouse at some point, to catch floodwater and rain from the roof for useful purposes. So far we're just getting seedlings and seeds in the ground for a basic garden, but we have a couple dozen apple trees and a number of raspberry bushes, and acres of wild strawberries, so the anxiety will be much better this year. Just gotta make sure we can gather and can enough to last, and add protein and grain as we go. I want chickens again, but we're being cautious with bird flu.
@genuinefreewilly57066 ай бұрын
Interesting program as usual. I would go further and say certain billionaires are stealing wealth from both workers and retail businesses. In the Britain it is stunning how many retail stores have been shut down for the convenience of ordering product online by one monopoly. Covid lockdowns did not help either.
@peachscentedskulls6 ай бұрын
i love dutch people. it’s a social norm that it’s taboo to flaunt unneeded wealth
@wesleywyndam-pryce53056 ай бұрын
unless its a illegal to have uneeded wealth that is little more than PR management.
@TheBlackWaltz4 ай бұрын
The dutch are the reason we are in our current situation. They invented the whole shareholder capitalism bullshit.
@MrMichiel1983Ай бұрын
That's not a "social" norm... it's just people evading criticism in a country where no real social progress has happened for decades... The excessively rich don't "flaunt" their wealth merely so they do not get targeted and called out for what most often are despotic ways of accumulating said wealth... Everyone knows the Moon doesn't exist when no one is looking up - so the rich just choose to hide it from view. It's an actual social norm to put excess wealth to beneficial societal use. In so far as the rich invest money towards production capacity for welfare services for the populace (ie. high living standards for all) that maybe seems fine, but realize that many small wallets make a big one too so how would innovation velocity be an argument in favor of wealth concentration? Democratization may hamper velocity, but it also offers robustness. I think companies should be owned for at least 70% by it's workforce with an emphasis on lower ranks so these are implicitly unionized. Executive bonuses can only be earned by the lower ranked employees of that executive's branch and then at some small percentage also extended to the executive themselves (so no top bonuses along with massive layoffs). Finally lower ranks get higher percentages in payouts and bonuses as to slowly negate income disparity. This then ensures that only the "capable" rich will be able to capitalize on wealth concentration itself, whereas the 'lucky" rich will conversely be less able to direct innovation with their accumulated wealth.
@asdfrozen6 ай бұрын
One important point that I think is kinda missing (or not emphasized enough): A lot of billionaires want more money because they want to reshape society/government. You need a lot of money to get presidents, congresspeople, and judges to implement bad policies based on unpopular ideologies. And I don't just mean "cut taxes so we can make even more money"--there are religious fanatics who want Creationism taught in science classes, technocrats who want a future of AI/cryptocurrency/metaverse/etc., gender/sexuality purists who want LGBT folks eradicated, racists/nationalists who want a white America, and so on. And this is all the more reason why billionaires should be banned.
@johndortheknight48026 ай бұрын
We should really be talking more about religious fanatics in general the separation between church and state is growing worryingly thin
@10base-teaparty976 ай бұрын
I first read about this idea way before this year. It's often overlooked, but before he died, Aldous Huxley all but disowned Brave New World, and he wrote Island. In the sort of Utopia he describes in Island, this little almost throw away line has always stuck with me: no one in that society is allowed to make something like 3-3.5x than the poorest person. It's a really interesting book with a little context about his life, really recommend it if you've read Brave New World. (And both, in order, if you haven't.)
@daveragan80373 ай бұрын
Read them both as a teenager. Highly recommend both.
@trappedkitty53356 ай бұрын
I work hard and people don't appreciate it. Well, the customers do, but my workplaces do not. Meritocracy? Not at my jobs. Making it all about the customers does help you feel better about your work, but when you are living paycheck to paycheck, it rings hollow. All I want is to be able to travel for a couple of months per year and spend time with my family every evening. I have sacrificed both for years and only get a few hours per day to do what I want if I reduce the amount of hours that I sleep to 5. Where's my union? They are lost and do not uphold the contract. Our union is run like a clubhouse, not a law firm. Meanwhile, management is driving brand-new Land Rovers while we drive up in cars that are 10+ years old. The higher you go up, the more ostentatious the displays of wealth. And the workers at both of my jobs used to make middle class wages... nearly 50 years ago.
@coolioso8084 ай бұрын
How about Contributionism? One Small Town model of cooperation, collaboration and co-ownership to develop shared prosperity and abundance. Each person's 3 hours is the same value as everybody else. We get what we need in return: Food, water, electricity, shelter, healthcare, education, etc. and we live better that way, step by step, project by project. In a structure that keeps at least 60% of the wealth generated in the collective hands of the people who generated it.
@seanaugagnon63836 ай бұрын
It's crazy that people need to be convinced we shouldn't have billionaires. In a world with finite resources it's hard for people to understand why someone can't have.... unlimited resources.
@analyticofexistance7847Ай бұрын
Tell that to inflation. Bastards have us in a lock ATM.
@letsRegulateSociopaths6 ай бұрын
Wealth is inherently sociopathic.
@victorialeif92666 ай бұрын
Have you ever seen the documentary called The Corporation? If not, check it out. The next logical question is whether democracy and “really existing capitalism “ are compatible?
@3nertia6 ай бұрын
@@victorialeif9266 Even millennia ago the Greeks knew that a democracy would always become an oligarchy under such a predatory economic system so I'm going to go with "No" heh
Because they're selfish Sociopaths. Sheesh. @@Exiled.New.Yorker
@lady_draguliana7846 ай бұрын
46:00 that makes no sense. Billionaires (typically) aren't that wealth because of their own entrepreneurship. They might get over a certain line with their own business, but after that, they _acquire other peoples businesses._ More people would be richer if we didn't have billionaires holding monopolies and acting as barriers to the market: limiting innovation, and inflating prices.
@eevee31686 ай бұрын
Yes, monopolies are the main issue. It's just wrong they exist.
@Will140f6 ай бұрын
Acquisitions are never better for competition and almost never better for customers of the acquired business
@saturationstation14466 ай бұрын
my eyes rolled so hard it made the earth spin faster. the problem is just consolidated power. wealth is just a mechanism of deploying power. believing any individual or small group of people can own any significant part of the earth is childish and moronic. the earth owns us and no amount of threats and bribery will get it to support wealth consolidation lol
@lady_draguliana7846 ай бұрын
@@Will140f 100%! Monopolies are ONLY good for the owners, NEVER for the consumers, nor the Market at large, as they can undercut their suppliers as much as they overcharge their hostage-customers.
@erictobias96796 ай бұрын
If we're talking ideals, then I think we should envision a world without money. The monetary system seems to be holding us back from making progress. It got us here, now we need something different.
@AlkemyFrost-ju4hx5 ай бұрын
right? a world without money, where people just share what they need/want freely would lead to so much flourishing. If enough people all agreed to drop the money system, we would instantly defeat billionaires without even having to directly confront them. The issue is doing anything that causes big change is super difficult, of course.
@letsRegulateSociopaths6 ай бұрын
Wealth inequality is the main source of inflation
@ozzitor86 ай бұрын
Yes! Asset inflation happens mostly due to concentration of wealth.
@lady_draguliana7846 ай бұрын
It's being called "Greedflation", which mostly takes the form prices going up while costs and wages do not, thus inflating the profits of shareholders and exec's. Even when an industry sees it's costs of operation go DOWN, they'll still raise prices to inflate profit margins even more.
@3nertia6 ай бұрын
Inflation is just middlemen getting greedier and greedier - it's not like Mother Earth raised her prices for the resources we steal ...
@dannywindham32956 ай бұрын
We have to distinguish if it's demand pull inflation cost. Push inflapin seller's price inflation. Or greed flation. Learn m m t please
@lady_draguliana7846 ай бұрын
@@dannywindham3295 Except MMT is almost universally rejected in academia, and the policy provision needed to enact and operate using the theory have not been adopted nor enacted by the US govt. And the only modern govt. to instate the practice, to my knowledge, was Zimbabwe, leading to it's mind-boggling estimated inflation rates of 79.6 billion percent month-on-month, and 89.7 sextillion (8.97 × 10^22) percent year-on-year in mid-November 2008. It was a meme for american's to buy $20USD of Zimbabwe cash, b/c you could get a 100 TRILLION dollar note for about $0.50/ea In the US-Global market, however, the US's IRS/Treasury and Independent audits all agree that Corporate Greed accounts for more inflation than ALL OTHER SOURCES COMBINED... so... there's that...
@TimHoustonSB6 ай бұрын
Jeff Bezos is so rich he doesn’t have to pay taxes. How does that even work? 😮
@ManglingMinis6 ай бұрын
Super quick note on the British Monarchy, they do have a lot more political power than most people realise. The King holds a weekly meeting with the Prime Minister that is entirely private! There were also arrests during peaceful protests around the allegations against Prince Andrew, and the family is exempt from a lot of different taxes
@Will140f6 ай бұрын
It’s more in the form of exemption from rules, as you say, than it is in the form of actual active participation in government
@ManglingMinis6 ай бұрын
@@Will140f if you or I got to chat with the PM completely privately 1-on-1 every week, I'm sure people would say we'd have political power
@Will140f6 ай бұрын
@@ManglingMinis I suppose that’s true. I just think there needs to be a reason for a politician to be corrupt (usually money). Without that, what’s the impetus to listen to the influencer in question?
@ManglingMinis6 ай бұрын
@@Will140f relationships and power dynamics. If you're talking to someone that you look up to, and they suggest you do something, there's a very real chance you'll end up changing what you do. Even if it's just ever so slightly, that's still influence over you. Normally there's no real harm in that, it's totally fine to be influenced by others (we're all products of our environments and that's not a bad thing). The issue is when an individual gets to influence those in power
@Andrea-zm1nl6 ай бұрын
I haven't watched this yet, but I absolutely agree with the title. Imagine how different our world would be if no single person or company was allowed to amass a fortune above ten million dollars or so. Imagine how much nicer our world would be if every cent above ten million was forcebly taken from these extremely rich people and these huge companies and redistributed equally amongst our poorest citizens each and every year at tax time? Imagine a world where each and every one of us working folks payed a flat tax of ten percent of our annual income and no loopholes existed to get the super rich out of doing so? Suddenly hoarding wealth wouldn't seem so amazing to so many people, huh?
@retrogaming84155 ай бұрын
I said several times I'll say it again every billionaire is a policy failure.
@lady_draguliana7846 ай бұрын
1:04:30 Once upon a time, profit sharing was the norm. everyone worked, and got a share. If we legally, or Union-mandated both a minimum wage, AND a profit sharing model to all forms of business, so that people got paid a fair proportion of what they'd earned for the company, Billionaires would eventually go away, as their rate of accumulation would be reduced, and everyone else's lives would improve as their rates of accumulation would greatly improve. Furthermore, it should be noted that many/most Executive Positions could be automated with relative ease, with many such positions basically being 'ceremonial' as it's just a way to do a favor for someone else rich/powerful buy hiring their nephew to fill a chair at meetings... suggesting that Executive Contribution to a company is often miniscule... and if they're not contributing significantly to the operations of the company, why are they making such large proportions of the company's income as wages and bonuses?
@jameseglavin46 ай бұрын
Ooh you should read Varoufakis’ book Another Now, it’s a novel but he basically details what a world in which people cannot buy or sell shares in firms is would look like. Instead, you get shares by being a founder or employee, and those shares entitle you to a piece of profits and a vote in how the company is run. It’s crazy how that single idea (no more Wall Street, basically) reverberates out into the rest of the economy, society, world, etc
@kalanievans11545 ай бұрын
I think what you are looking for is traditional co-ops, member-owners have have one vote each and everyone shares dividends based on profits. The cooperative business structure was created in response to rapid expansion and industrialization that left communities under resourced and under serviced. Cooperatives are sustainable by design. They circulate and generate wealth for the local community and member-owners, in fact our electric companies in the south are built from sustainable co-ops. But today co-ops are fading like cursive handwriting.
@lady_draguliana7845 ай бұрын
@@kalanievans1154 while I love a good co-op, I was more meaning a newfangled model in which any profits earned by a company (that's the gross income minus all expenses, including paying all employee's their contracted minimum wages) should be shared out to employees, likely in a hierarchal manner (with the hierarchal structure either pre-formulated or a bespoke design created by an independent 3rd party based on mandated criteria). a model modification to accommodate investors would likely need to be included, and would be acceptable so long as it's not egregious. the business would otherwise have a standard corporate structure. this form of profit sharing would not make the employees into co-owners, like a co-op, but rather fairly and appropriately compensating the for the value of the fruits of their labor. In short, the wage disparity is perfectly spotlighted by the fact that wage-theft by employers occurs at a rate of 50 BILLION a year, making it the largest form of theft in the USA, to the tune of 2.5x the amount of money stolen each year by _every other form of theft combined._ while offenders almost never even pay a fine, much less the owed wages, and only then after lengthy legal battles, so the could employees end up getting nothing anyway, unless they're part of a massive class action against a massive corporation (the largest offenders). and offenders _never_ face criminal charges (as far as I can find, only 1 such criminal conviction has EVER occurred, sentence pending, despite it being the biggest crime in the country for at least the last 25yrs running). the practice of increasing net profits and _only_ raising Executive salaries and bonuses; as well as investors ROI; while keeping the "Labor" line item the same, or lowering it, needs to be functionally illegal, as it's a major driving factor in wealth inequality, inflation, and market instabilities, up to and including recessions and market bubbles. (Shareholder Primacy was curtailed after the black monday crash and great depression, only for the GOP to bring it back in full later) basically, if a worker earns the company $100, they should get a fair portion of that minus expenses... not the $0.10 (at most) they get now. you could raise the wages of every amazon employee by a dollar or 3 an hour and it'd only take a _tiny_ portion of Bezos's wealth, that _they earned for him._ he didn't earn it, he just sat there on his a55 _owning it._
@emilykelley29313 ай бұрын
One of the things left out in your argument is: What about people that can no longer work or have never been able to work, because of a physical or emotional disability . I have Parkinson's. I worked over 40 years. I don't get enough pension or social security at age 63 to live on. In other words I live on a small fixed income. In our increasing unequal society, I don't stand a chance.
@lady_draguliana7843 ай бұрын
@@emilykelley2931 so sorry that you, too, are struggling. the thing about the days of strong unions, is that it was also when SSI was at it's most robust. they way they've weakened it was both cutting it, but also just refusing to increase the payouts per inflation. what you're getting is paltry today, I'm sure (my niece is in a similar boat), but was plenty back in the 50's-60's (most likely, anyway) when it was the amount agreed upon originally, or near-to. In the profit sharing model noted above, it would also mean that FAR LESS of the GDP would be tax-exempt/sheltered in billionaire and mega-corp hands. Thus, cashflow for civil programs would be much greater as well, so your SSI, at least, would be able to be increased. Federal protections for Unions could also bring back the all-but-dead pension programs, and dues could be much easier to pay if one is getting a profit share, rather than minimum wage or salary. all starts with 1) ending Shareholder Primacy from Ford V. Chevrolet 1919, and 2) Busting trusts though.
@poornoodle98516 ай бұрын
Trickle - a SMALL flow of liquid. They said the quiet part out loud. Trickle down theory works as advertised. Inequality was a feature, not a bug…
@emilyglass66256 ай бұрын
I'm not an economist myself, but one running theme I've picked up from following the Unlearning Economics channel (highly recommend, deepest apologies if I don't get this idea exactly right) is that academic economists are surprisingly reluctant to "take measurements," so to speak, and do economics that focuses on empirical observation of what is going on over time in actual economies. It sounds like there are some contemporary economists who want to do this work - which makes sense; I for one see value in it - but it's not considered very admirable or sophisticated. Focusing on theory is more prestigious. If true, I think this is wild, and I hope the more empirical style of economics gains a more significant foothold.
@onceupon38056 ай бұрын
Yes!
@Will140f6 ай бұрын
That’s ridiculous if true! In finance, for one, nothing can be taken seriously as a theory unless it still works in backtests and when applied to out-of-sample data (or in other words, if there’s no real life current application of a theory it won’t even be published most times).
@UndeadGirlCyber6 ай бұрын
Yay a fellow unlearning economics enjoyer!
@jameseglavin46 ай бұрын
Unlearning Economics is an absolute OG, required reading for anyone interested in heterodox Econ or just lefties in general
@coolioso8084 ай бұрын
If you have watched Zeitgeist: Addendum and Moving Forward you will never be able to unsee it. It is worth it if you care about understanding.
@thegadflysnemesis41025 ай бұрын
The wildest part of my econ degree was - no actually there were two wildest parts and they both REALLY illustrate the point about how econ should not be taken as absolute fact The first was when we were talking about a specific kind of good where, instead of buying more of it as you got more income, as you got more income you bought less. The experiment was to find an extremely impoverished village where about 80% of household income went to buying rice, and then to give each household juuuuuust a little bit more money and see what they bought with it. The researchers found that the households bought less rice and more meat the more money they were given, even though dollar-for-dollar their meals were getting less calorically dense - and my professor said this proved that monetary support for the poor was a bad idea and governments should give relief in the form of goods and food stamps instead. What. And then the second moment was a year later in my economics of public policy class, where we used a formula to determine how much should be given in benefits to qualifying single mothers. And the FIRST assumption we made was that said recipients, who i cannot stress enough were assumed to be low-income single mothers, should be working as many hours as possible and our optimal benefits amount should be the amount at which those, again, struggling single mothers who had children to raise were working the most hours. So I don't really use my economics degree lmao
@johnnymcpherson84936 ай бұрын
Unlimted money = Absolute power .....Absolute power corrupts absolutely🤷♂️
@3nertia6 ай бұрын
Which is the point of money anyway lol
@Kingofb0ngstyle6 ай бұрын
@@3nertiaThere's more paper floating around than actual gold. They just keep printing more for themselves. And now it's all digital, more scams from crypto.
@kateslate6 ай бұрын
I think politicians should make the average income in the state that elected them.
@EternalKernel6 ай бұрын
Not bad! what about, we just choose someone at random for a position 2 year term limit!
@Will140f6 ай бұрын
I’ll do you one better! Politicians should make the minimum wage in their state. See how quickly minimum wages increase
@kateslate6 ай бұрын
@@EternalKernel Term limits! Absolutely. Also no legal bribery/campaign donations for lobbyists or businesses or those that run them. The amount of money it takes to run for office needs to be drastically reduced as well. A normal person like me can’t hope to run against these millionaires unless one were to sponser me.. and thus would begin a slippery slope of owing people things. Screw that.
@kateslate6 ай бұрын
@@Will140f I don’t agree with that… But I see what you mean. Perhaps going with the state’s medium income would be a good compromise. 🤷🏻♀️ Of course this is all hypothetical because the ruling class wont give up power to live like we do.
@EternalKernel6 ай бұрын
@@kateslate @WillFast140 conversations like this remind me just how hungry I am.
@davidhand97215 ай бұрын
EXACTLY! Finally! Someone other than me compares wealth to an addiction or psychological illness. If your first billion didn't make you happy enough to stop, the next 20 are not gonna do any better.
@BS-detector6 ай бұрын
If everyone had the same standard of living regardless of the work they did, and everyone freely chose their profession regardless of how much or little schooling it took, instead of money being the measure of worth, quality would become the measure of worth. Not everyone wants to work (or even can if they're disabled) but most people enjoy having an occupation and purpose in life. There shouldn't be a cost of living, and there should definitely be limits to wealth. I wish I lived in a world where every single person on earth is middle class, and middle class is comfortable...where you have everything you need, most of what you want and TIME to go at a healthy pace with everything. AI can't do it for us...this is a people thing.
@ferjo31926 ай бұрын
Thank you for this interview, its today's great discovery for me! following Ingrid Robeyn on goodreads now. hopefully will see the book in my local bookstore soon
@pearlriver18496 ай бұрын
Compensation at the top rung of a business should be capped at a certain percentage above the lowest compensation. That way the entire workforce can benefit as the business grows and keeps the gap from growing.
@darkhalf756 ай бұрын
nobody becomes a billionare without screwing someone over
@diamondmx30766 ай бұрын
Without screwing thousands to billions of people over.
@salildeshpande75 ай бұрын
this is pure cope, just because you cant make money through ethical means doesnt mean other people are corrupt
@diamondmx30765 ай бұрын
@@salildeshpande7 Another temporarily embarrassed billionaire. We have so many of those who are just one grind away from being rich enough for their sycophancy to pay off.
@salildeshpande75 ай бұрын
@@diamondmx3076 💯 fr fr ong
@salildeshpande75 ай бұрын
@@diamondmx3076 thx!
@TheGoodContent376 ай бұрын
Hoarding is a sad sickness. Hoarding money is applauded.
@Dan-yh8qp6 ай бұрын
This was a phenomenal conversation! Definitely reading her book.
@Brad-ip8wz6 ай бұрын
There needs to be a cap on unbridled capitalism, the increased profits every quarter is not sustainable. The way these people siphon our money through their “passive income” bs
@uswilkibr5 ай бұрын
The US has the worst upward mobility of any modern nation. The class you're born into is 99% where you'll stay for life.
@10496626 ай бұрын
Trickle Down Economics is - in my crude estimation - *nothing more* than 'Scraps From A High Table.' And the use or advocacy of such a strategy should be met with *nothing less* than open hostility.
@CafeLuАй бұрын
More than that- it is called trickle down but we see that is is really only trickling up
@John-v7x5v5 ай бұрын
Well, if the rich want 99% of the money in a society then they should be responsible for 99% of infrastructure, poverty relief ect. in that society.
@ClaLu5 ай бұрын
It's absolutely connected with narcissistic personality and Cluster B personality... We've been centuries enabling the less humane personalities, in detriment for more empathetic personalities. Our culture rewards hugely people with low empathy and that is the root of crime... And criminal accumulation of wealth...
@elisehoyt41073 ай бұрын
I never understand why people think millionaires and billionairea can be benevalent. It was literally proven during the 1920s industrial revolution that CEOs and corporations will literally let people die to save pennies to dollars for their profits. Rich people literally live on a totally different plane of existence, and it is scary that so many people believe their charity donations to avoid capital gains taxes means you can be "one of the good ones."
@kerlyenai6 ай бұрын
Spread the wealth and cap personal wealth. Also stop overproduction.
@horizon3196 ай бұрын
I have been saying this for YEARS!!! I hope we can save ourselves from ourselves before it's too late.
@lifeisbutadreamm6 ай бұрын
What if, instead of banning billionaires (I just can't imagine it actually happening), we just make it so that if you make/have/acquire over a billion $, anything over 250million should be automatically forfeit, going directly to public social services, unions, bonuses for employees, something like that..
@vincentchase95346 ай бұрын
Because then why wouldn’t you just make a billion and then quit
@rambleron57206 ай бұрын
1932 - 1982 tax rate was 95% over 300k
@Praisethesunson6 ай бұрын
@@vincentchase9534Jeff Bezos quit and he still makes more in a month than you will in your whole life
@trenomas16 ай бұрын
It's just a game to these people. It doesn't matter if you nerf their score. They're still going to play.
@letsRegulateSociopaths6 ай бұрын
@@rambleron5720and STILL THERE WERE BILLIONAIRES
@muroawolff77625 ай бұрын
Can I just point out that when you get so wealthy that you no longer feel the instincts for survival and the necessities for ensuring that survival (food, water, shelter, clothing, and other needs and enrichment) you, in essence, lose your humanity. If lack of proper socializing can hurt a human, then not having to struggle or think about it does too. So the mega rich could, in fact, be considered to be no longer human in the emotional development sense and are more appropriate to be classified as fey or even monsters.
@SeaGullArt6 ай бұрын
Good Discussion - Thank YOU BOTH ! ! !
@danielpicassomunoz27526 ай бұрын
I agree with this to the point of limiting personal profitability (per unit time, say monthly) to 20 times the minimum wage. 20 tiers of wealth should be more than enough. And also limit total, instant (in measurement) wealth of a single person to 20 times 100 years of minimum wage. Anýting over that u recieve a plaque that says: "congratulations, u r quite effective at accrueing money, yet u have achieved the personal allowance" No single person should have so much power
@weksauce6 ай бұрын
Can also REDUCE taxation on entrepreneurship, and increase it on capital ("investment"). Entrepreneurs are even better than labor for everyone. True investment is better than saving, but unclear if it's better than spending, and that which we call investment today is mostly just "owning stuff", which is NOT truly investment. Plus, our biggest problem is monopoly/monopsony, and most "investment" is into monopolistic/monopsonistic EXTRACTIONARY bullshit, NOT capital improvements.
@MadWolfMike6 ай бұрын
Absolutely Brilliant! Thank You!
@ivosalvador33746 ай бұрын
good that some people in this world are talking and teaching about this
@coolioso8084 ай бұрын
Even deeper is the talks and interviews with Peter Joseph. Have you seen his conversation with Abby Martin? Or Lee Camp? Or the talk he gave called "A Viable Society"? Worth a look.
@ivosalvador33744 ай бұрын
@@coolioso808 with abby Martin i did , agree very cool
@coolioso8084 ай бұрын
@@ivosalvador3374 very good. Stay tuned, Zeitgeist: Requiem is coming out soon. Trailer can be seen now. Also once watching "A Viable Society" talk he gave it is hard not to think in those terms of system thinking and local co-operative development for a better world.
@chabnormal5 ай бұрын
A rising tide drowns people.
@marl69086 ай бұрын
15:24 She mentions the luck of being born in such a country, but doesn't mention colonialism. It's clear that the success of such countries is not due to luck. Goes to show how ingrained such views are and how Western views differ fundamentally from others.
@Xoulrath_6 ай бұрын
Colonizing others land is the LUCK. What exactly do you think would have happened if, say, the American colonizers got their asses kicked by the indigenous people, instead of killing and enslaving them, and then taking their land?
@marl69086 ай бұрын
@@Xoulrath_ Now apply a little concept called free will, maybe you've heard of it.
@marl69086 ай бұрын
@aWOLtrooper Now apply a little concept called free will, maybe you've heard of it.
@chintex_6 ай бұрын
@aWOLtrooper To play devils advocate do you mean luck in the sense that they had the necessary per-conditions to enact colonialism on other nations? Because that phrasing does sound kinda iffy.
@SzymonAdamus5 ай бұрын
I listen to materials like this, I agree with almost everything you talk about, and at the same time I am absolutely sure that none of this will happen in the US :(
@MattAngiono6 ай бұрын
This whole idea has been common sense to me for at least two decades.... But i appreciate you discussing it, so you've earned my subscription! Billionaires need not exist and this system is creating more every year. And it's no longer capitalism anyway, but rather more of a Neo or techno FEUDALISM 🤪
@3nrika6 ай бұрын
Affirmative, Ingrid & Adam. 🙏👍
@OrigamiMarie6 ай бұрын
I thought a few years ago about what I would do if I won the lottery or got a whole pile of money in some other way. I determined that I just couldn't keep more than about $10M. That would be enough to help my family and ensure a permanent income for myself. All the rest . . . charity, I guess. So we independently came up with the same number!
@TimHoustonSB6 ай бұрын
Prof. Robeyns mentioned “The Psychology of Money”. It’s by Morgan Housel. Great book, highly recommended 👍
@ValkesNuhuh6 ай бұрын
The issue is Capitalism incentivizes a shift to the right in hierarchical politics. While you maintain that hierarchy Capitalism will ALWAYS strain against any reigns or limits you try to put on it. This is because it prioritizes stratification of society, and the fossilization of that strata. You could reset society tomorrow and 3 days later end up with the same result if you don't fundamentally change the structure. The rich will find a way to horde more than they should and they will use any power we give them to watch out for themselves. This won't work.
@pieronapuri50624 ай бұрын
Its a good start to not have billionaires and millionares to begin with, once we get to that point we can further advance, what you are saying its true but I think its a good idea to keep creating more and more ways to prevent cumulation of power and wealth
@ValkesNuhuh4 ай бұрын
@@pieronapuri5062 The issue is billionaires aren't just gonna let you take their money. If we try to do it via current systems they'll lobby and bribe, which is legal now, politicians to stop it. If we use force, well why not take everything and give up on an inherently corrupt system, do something else.
@pieronapuri50624 ай бұрын
@@ValkesNuhuh I understand what you are saying, but lets face it, a comunist revolution is not happening, as much as I would love it. So we gotta work with what we have, people will be more willing to take out billionaires by force than changing their whole lifestyle
@kylenorthington26476 ай бұрын
Adam, without question we need an episode on Physics Envy.
@vgreddog6 ай бұрын
Why are all the best episodes the ones with philosophers?
@colinsanders93976 ай бұрын
Because they ask "why?"
@schitzoflink86126 ай бұрын
He is also a philosophy major if I remember correctly
@farmpunk_dan6 ай бұрын
Limiting wealth and mandating worker majority ownership would instantly fix most issues. There’s a laundry list of simple changes that would go a long way to fixing our democracy, however none of them are likely to happen because of wealth corrupting our systems.
@RB-yt6rx6 ай бұрын
When you live in a society where you have to pay for evrry slice of bread you eat and have to pay for every night you sleep in your bed... Hoarding wealth is genocidal at worst and cruel at best
@daneascott96456 ай бұрын
Very well said 👏
@XxThePlaylistxX4 ай бұрын
Very succinct and well put.
@coolioso8084 ай бұрын
Do you think we can do anything about it? Have you seen Culture in Decline series by Peter Joseph? The "Tale of Two Worlds" final episode puts it into perspective of the two choices we have.
@juniorgod3212 ай бұрын
Totally! How dare those farmers that grow flour to make bread and those brick layer who build houses wanting to get paid, right?
@888999gogo3 ай бұрын
I would absolutely love a deep dive on economics as a field. As someone who studied economics and become very disillusioned by the field it's shocking to me how people take economic theories as facts. They absolutely aren't. They're as ideologically motivated as any social science. There's so much to discuss there. Would love to see it
@UlugNaar6 ай бұрын
Greetings from the Netherlands! Awesome episode.
@coopsnz16 ай бұрын
your overtaxed like Australia
@EternalKernel6 ай бұрын
Send help or go away.
@user-gu9yq5sj7c6 ай бұрын
@@EternalKernel Why be rude? The OP was positive.
@EternalKernel6 ай бұрын
@@user-gu9yq5sj7c to remind them of their responsibilities as a human being, and their privilege as someone who doesn't have to live in the usa. Also why do you think they mentioned where they live?
@abilic13372 ай бұрын
@@EternalKernel Send help? Our (non-Americans) responsibilities as human beings? Privilege NOT living in the States? I'm sorry, but aren't you the same Americans that for decades or more have been yelling "we're #1"? Invading everyone and their mother for oil and/or furthering your agenda, and if not outright invading then funding the side that would align with your interests? All this time you've ignored what your politicians and military have been doing outside of your own borders, either because of ignorance or because you fell for the propaganda that it's in the name of freedom (which supposedly you are the bastion and champions of), and now you're waking up and saying the rest of the world has an obligation as fellow humans to take pity on you and to help you? Wow. Just wow. Even if we wanted to help, how? Some other country is magically going to amass enough military power to even come close to that of the US and then do what exactly? You can only help yourselves, and in fact I would say that because of the influence corporations/wealth have over politics in the US and then in turn the disproportionate influence the US as a political and military machine has over the rest of the world - YOU have an obligation to THE REST OF THE WORLD to help yourselves and fix your broken system. And by the way, don't think that this problem somehow doesn't exist outside the US - billionaires and corruption are everywhere.
@jarrodf_5 ай бұрын
You do a great job, Adam. Have come across many interesting people via your show. Keep up the great work.
@DougMayer6 ай бұрын
I think we can workshop ‘banned’. How about ‘excluded from homeostasis’?
@albwilso9Ай бұрын
I like the way you think Ingrid!!! It’s good to NOT see other people as BAD! Whether or not if they are poor or rich!!!
@AskSkuimel6 ай бұрын
Adam, I love your interviews. I don’t know if you’ve already done one and I’ve just missed it, but I would love to see you interview someone who studies or has started a worker-owned cooperative, because I would love to learn more about how those work and how they compare to unions in the fight for worker power. Just a thought. Thank you so much and keep up the great work!
@di3805 ай бұрын
The problem is not only that a few have have the most power in our society but it seems like the worst of humanity ends up having this power 😢
@El_Mexicutioner6666 ай бұрын
I don't think we need to prevent wealthy people from existing, but we definitely need a hard cap on the ceiling for wealth. Like, you can be a millionaire, fine. Nobody needs to be a billionaire or trillionaire though.
@FullerHob6 ай бұрын
I see absolutely zero moral justification for millionaires existing
@Izack6 ай бұрын
Every single small business owner who owns their property could be considered a millionaire. But they only have a salary of 30k We literally couldn't build grocery stores with less than a million dollars. Say goodbye to Home Depot, Walmart, Target, or any large building ever. .@@FullerHob
@megapussi6 ай бұрын
im generally against the idea of a hard cap, but rlly thats just about how we frame the issue. it should be exponentially harder to profit off of other peoples work than it is now. To give aframe of reference, we're at the point where a single million is achiveable by someone without rlly taking advantage of people. Just by being frugal for decades as someone with a good education and life stability. Not achiveable by everyone for sure, but doable without stepping on peoples necks. Once you reach like 5-10 million, it starts being a little suspect.
@ZZ-qy5mv6 ай бұрын
@@FullerHob Being a millionaire of 1-2 million just mean you might have enough saved for retirement if you live in a major city. It's what should be average. Crossing into the millionare threshold doesn't mean you're filithy rich anymore.
@3nertia6 ай бұрын
@@ZZ-qy5mv Just look how quickly someone could lose a few million just in medical bills, property tax, and alimony lol
@dancoyle69116 ай бұрын
Ingrid, you’ve got my attention.
@Calloflunacy6 ай бұрын
distribution was always the core of unionization and labor rights to me. Why is it that the workers create the capital, yet only the owners of the company get the stock (and yes some companies give a tiny amount of stock to their workers, but that is rare, and usually very little). It blows my mind that there is no regulation or limit on percentage of distribution for companies, if the business does well, the employees get like a little bonus some times, but they are not required or expected to share that. Some argue that the owners are the ones taking on the risk, if the company fails the employees don't loose the money, their wages don't go down, except that is just false, as what happens is, they just lose their jobs via layoffs or worse. They incur the most financial risk when the company is doing poorly, and also do not benefit when it does well. or they argue the labor is unskilled and somehow doesn't deserve to share the wealth because just anyone could do it, which also is just unhinged in my opinion. The people make the money, the people deserve a greater share of that money.
@chabnormal5 ай бұрын
What is the purpose of having more than you could possibly use? It's hoarding and a mental illness at a certain point.
@Red_Zoya6 ай бұрын
In Russian we're currently having a very active discussion about new film of the alexey navalniy team. Before his death he wrote from prison that he revised his views about 1990s, when capitalism came to the USSR - that it wasn't times of freedom or democracy, but starting off inequality and future dictator of capital. Almost all liberals in Russia are in shock, called navalny team 'bolsheviks'))
@ergophonic6 ай бұрын
What is the film called please?
@JohnHall6 ай бұрын
Society's rules are supposed to harness/funnel our instincts into a way that help sustain society. Wealth accumulation to this level is not aligned with this.
@banarot6 ай бұрын
Okay, as much as I love the idea of eating the rich and give to the poor, I just dont see a way to make the redistribution in that system to work. In the soviet union we already tried that, but when the politicians got all the wealth in the land, they still made most of the people dirt poor and kept all the extra and best goods for themselves. Recently I saw a video about the comp that tobacco companies paid to the government for giving people cancer and suppressing the news about it. And even that sum went to bogus costs like police trucks and budget holes. The money taken didn't do any good. So who's to say that the money taken from millionaires generating profit will do any good? Or worse, not spill in a covert politician bank account?
@diamondmx30766 ай бұрын
Does the fact that corruption happens in a better system mean we shouldn't keep pushing for the better system? Corruption happens in the current system. People starve and go homeless now. We need to deal with the corruption either way, but at least with a more socialist system the GOAL isn't inherently harmful.
@kookyzebra65504 ай бұрын
Ingrid is an absolute delight!
@FurtiveSkeptical6 ай бұрын
Poverty is the most unforgivable offense in America.
@Murderlin76 ай бұрын
Ingrid is absolutely correct.
@frankfrosolonejr70106 ай бұрын
Lol I have people who don’t do anything at work tell me all the time why those people deserve the money… and I laugh at them while I work and they stand around making more money for nothing at all…
@hman29126 ай бұрын
I agree. Some people want things given to them on a silver platter without adding any value to get it
@whysocurious73666 ай бұрын
Hey now, just because most billionaires don’t work doesn’t mean you should laugh at them. Some billionaires choose to work. They don’t need to work, like normal people do, but they choose to work for fun sometimes.
@frankfrosolonejr70106 ай бұрын
@@whysocurious7366 laugh at the guys doing nothing at work and arguing the justification of the billionaires is what I meant. They are their followers and im blown away at those people never getting ahead in life and still arguing for their oppressors… like even with a public school education at the 8th grade level you’d know that the economy is completely off right now
@whysocurious73666 ай бұрын
@@frankfrosolonejr7010 Ohh, I thought you were talking about billionaires (the people who do no work + affect our lives). I didn’t realize your were wasting your time worrying about some randos that don’t work + don’t affect our lives. My mistake.
@SlickSimulacrum6 ай бұрын
Rentiers are those who accumulate property, to gain "unearned" income. (the douchebags will call it "passive") If you want to know who the freeloaders of society are, search for these people, and you will see what moochers look like. Their opulence and self righteous BS arguing that they "deserve it" is such trash, that you would find it hard not to want to spit in their face. Adam Smith, the gawdfather of capitalist thought had the brains to call these people out as the garbage that would bring down society if left unchecked. But modern imbeciles don't read the material...
@CafeLuАй бұрын
Just heard the term limitarianism this week and wanted to hear more. Thanks for this!!!
@darylcarr82836 ай бұрын
Wouldn't go so far as to "ban" them as for us to STOP FUCKING WORSHIPPING THEM!!! Why do we obsess over public figures' "net worth" as that's the most prominent metric of someone's contribution to our society?
@devinfaux69875 ай бұрын
The key difference between having a War on Poverty and having a War on Wealth is that the impoverished do not *want* to stay impoverished, they just lack the means to escape poverty. Meanwhile the wealthy are both very emphatic on staying wealthy and have the most power out of anyone to enact their will. We're going to have to drag them out of their mansions kicking and screaming, even if it's for their own good.
@jackcarraway47076 ай бұрын
"The rich yearn for the guillotines."
@joshuagharis90176 ай бұрын
Under capitalism, driven by profit, without democracy, none of these solutions will happen. We must have democracy in OUR economy
@murraymadness46746 ай бұрын
Billionaires will just get around whatever laws created, just like they do now. The stock market should be abolished is the right answer. Nobody can become a billionaire without it. Notice that the USSR had no stock market and had one of the fastest developing country second only to china until it got fully corrupted like anywhere there is no democracy and accountability. Business can raise capital using bonds, where the lender can only charge so much interest rate. Even 100% interest rate will not create billionaires.
@JIOSGIABLOS6 ай бұрын
Just being super rich and powerful is just inhumane to humankind. It's sad.😑
@hiccuphufflepuff1766 ай бұрын
Humans invented money to serve a function. You create things and services that are of value to other people, and in exchange you are entitled to receive the equivalent amount of things and services from others, based on the standardized value we all agree each thing is worth. The existence of "passive income:" the idea that you can "earn" money by strategically joining and leaving groups that are creating value, based on the changing opinions of how valuable their services are moment to moment, while doing nothing useful yourself, means that our invention is no longer serving its function, and needs to be repaired.
@TenderVittles6 ай бұрын
Wealth is villainy
@mysticpluck86 ай бұрын
We need Social Democracy.
@mysticpluck86 ай бұрын
She lives in a Social Democracy. It works and they don't allow billionaires! Excess income goes back to the people through their Social programs. It's how the happiest countries live.
@kennethroe43216 ай бұрын
Billionaires are not working billions of times harder than the average person. That is nonsense. Wealth concentration is the #1 systemic issue that the world faces today. Limitarianism would fix a whole host of issues such as the cost of living crisis, it would greatly help addressing systemic racism, make the country more democratic in nature, and would even make addressing climate change easier by removing power from huge corporations with a vested interest in stopping progress.
@BernardoDominguesBotelho6 ай бұрын
If a CEO makes 900 times more than tje average worker (common in many US companies), he should compensate that in way more education, intelligence, hard work, knowledge and more. The math doesn't add up. Maybe 2 times more than the average worker? Let's be generous and make it 4. From 4 to 900 there's a big difference.