To hear more on the future of capitalism, book your place at our upcoming event with Gillian Tett on Growth, AI and the Economic Outlook for the World: intelligencesquared.com/events/the-intelligence-squared-economic-outlook-with-gillian-tett/

@moustaphadiallo600

7 ай бұрын

I watch videos on this channel for intelligent debate. I voted a dislike on this video due to the lack of professionalism by these 2 clowns who are unwilling to let the guest speak. Most of the people watching this video are not here to watch a debate won by not allowing the opposing party to finish his or her statements.

Gillian's job was to ensure that Yanis wasn't able to actually communicate his central critiques. She did so with apologetic arguments literally in favor of the current failing model. She turned this into a massive waste of time.

@hgfdshtrew8541

5 ай бұрын

absolutely a stooge for the status quo, robotic cliche after robotic cliche

@microbe_rz31

3 ай бұрын

I didn't hear Gillian say much of anything :) But in a "man's world," I'm sure she's used to it. Wait...maybe that's...

If the woman on the left would let him speak, and stop interupting we might understand a bit better.

GREEKS-THE LIGHT OF THE WORLD.

@anukalgudi6216

6 ай бұрын

Not really. There are civilizations much older than the Greeks.

Is Gillian interviewing or debating? I dont think the questions or "gotcha" statememts are adding much to the discussion as it is a lot of strawmanning. Just let Yanis speak

Yanis Varoufakis is brilliant, charming, and genuinely cares about ALL people. We should seek practical solutions to the world's obvious economic problems, imbalances, and injustices, just as he describes (or at least similar to what he describes).

We want to hear prof Yanis in order for us to understand the whole picture he’s telling us unlike the rest of you the truth. Don’t play got you question the public is smart enough to see what you two ladies trying to do.

@sunflower-oo1ff

7 ай бұрын

Well said! 👌

Watch the conversation in this video. At the end of the video, Yanis Varoufakis touched on the green transition and he was very aware of what needs to happen in and after a transition of society.. For example degrowt instead of unnecessary excess production .. for example he mentioned cars as a good example regardless of electricity or other fuel, which is a conscious and important resource-optimized thinking. Is of the same view in what he mentioned about the green transition.

Gillian looking at Wengrow and Gerber’s writings, there is a way to organize people, lots of them, for the decision making process. Actually , it happened before as in PNYX (could involve up to 12,000) or popular assemblies from Uruk times.. enjoying Yanis’ thinking regarding library card

YV - why cant all leaders be like him. :(

@mariettestabel275

8 ай бұрын

Because we have now one who has his Intelligence and Honesty. .Bravery..

@ZambeziKid

8 ай бұрын

@@mariettestabel275 who is "we"?

@mariettestabel275

8 ай бұрын

@@ZambeziKid Me,myself and I. AND MANY OTHERS. ☮

@Poemsapennyeach

5 ай бұрын

And bring their countries to their knees as he did....lol...how uniformed you are.

The Washington state company he's talking about is Valve, a computer game developer and publisher. It's founder, Gabe Newell is a individual of very strong convictions who just happens to be worth $3 to 4 billion. I like Yanis and his ideal world would be a great place to live where entrepreneurs are happy to pay shedloads of tax, renumerate staff generously and dont need to own 5 superyachts. But we dont live in that world. Most people want a quick buck and everyone else wants to take your quick buck for themselves.

oh Ginllian ever of the network effect? it's kind of pointless to actually remove your data out of from Facebook because then you lose the network effect -- Where the network itself is the thing that's valuable not just the data so you're kind of missing the point. It's not going to require just regulation for data portability is going to require much more

Fix capitalism without talking about Planned Obsolescence? Yeah Right! What is NDP, Net Domestic Product? Depreciation is subtracted from GDP. But that depreciation is for Capital Goods only. Karl Marx mentioned depreciation 35 times in his major work. But consumers did not buy automobiles and air conditioners back then.

00:05 Introduction and the disconnect between financial markets and capitalism 01:33 The impact of central bank money on capitalism and the rise of platform monopolies 13:25 Best way to organize business and funding, need better regulatory structure. 24:47 The impact of capitalism on planet Earth and the possibility of green growth 28:09 The need for shared ethical vision and moving from tunnel vision to lateral vision

Yes the problem is banks and government printing money, you can't act rationally without risk. You can start a company like that today, where no one gets salary but owns a share of the profit like a pirate ship. If you can compete, just don't sell, as the workers own the cooperative they decided to sell. the risk is also distributed if a cooperative fails no one gets paid, or are liable to pay, having this liability without distributed decision authority is a risk to workers. how will you fire someone, collective vote? what will you pay him for his share? I like Yanis, perhaps these initial questions are answered in the book. I'm not sure calling himself a socialist is helpful, but he knows economics and the crony corruption in the current system. He is leagues ahead of other socialist debaters.

@rickden8362

9 ай бұрын

Yanis, as most Socialist, can only build his socialist ''utopia'' once a successful, thriving, successful capitalist system has been established. Once that has happened he will turn it into Venezuela

@edh615

7 ай бұрын

It's not about starting such company but recognizing initial entrepreneurship and capital investment is only a fraction of the project, that's why the rest of the components, workers(over the future of the company), and the owners of natural resources(everybody) should also have power about the use of them, and not capital without control.

@rickden8362

7 ай бұрын

@@edh615 No one is saying capital without control, but the control Yanis wants is a recipe for disaster, see Venezuela, and diluting too much control leads to nothing getting done, or worse, corruption.

This company he is talking about is Valve Corporation and they are a "cloudalist" institution which absolutely dominates PC gaming market sales. They have enormous profits per employee thus they can engage in all sorts of inefficient activities like voting on whom gets bigger bonus or "democratic" layoffs. Also valve has lots of shady power struggles going on all the time because they do not have clear and official power structure. All of this would be impossible without revenues going as much as 10+ billion USD while employing only about 500 people.

Private companies with an upper time limit at which they are transitioned into cooperatives. You retain the equity market for the kickstart and initial growth, you retain profit incentives for private entrepreneurs, only that profit incentive is not infinite :) you get to own the company privately up until it gets too big or too old, at which point you take your gains and the company is transitioned into a co-op.

sounds all great and so but the problem is that people are stupid and the more people the more stupid they get so just imagine a company with 10k employees maybe a few hundreds would be interested in decision making. between the few hundreds lobbying would start, thus becomes politicized. very well interconnected parties would emerge woh would work in their own favors (and also sell favors to outsiders). and what about unpleasant but sometimes necessary changes? eg bring in new machines and robots improving quality and producing more goods. All competitors already have it in one or the other way. Would it be accepted if staying in business will need to fire 1000 people? Or would the community (of which 80% don't know anything about markets and competition and also don't care) vote for the change or against? This maybe works in an educated environment with people with similar mindset and a group where cross communication between all of them is possible. As soon as one this is not given abuse and stupidity will take over

Not all profits are same and market driven. Markets are so imperfect -perpetually- so neither outputs or input resources priced/costed and mechanisms like capacity gaps (between regulatory n companies), lobbying etc. capitalism worked only for (rich) entities that cornered resources &/or did not account for negative externalities ….l….

the moderator said "this is a zone immune to regulations etc " the only truth..... rest are dreams

Read "Butler to the world". How to overcome this problem in the UK.

as two entities compete to the death, it should be quite expected of them that to prevent such a fate, they will employ meaner and meaner methods. if there is rules over such competition for example, then it is expected that these entities will try to bend the rules, break the rules, or have them changed so as to prevent their death. therefore, it is easy to see how the destruction of the environment, government capture, exploitation of workers, and so on, are natural consequences of this competition. if certain firms did not do these things, they would eventually lose market share to other firms that do, and so they have two options: employ meaner methods, or die. to fix this then, we require a economic system which is based on cooperation, rather than competition. everything that does not address this core issue will be nothing but a bandaid. a bandaid seems nice, there is blood everywhere after all, but I would like us to be in it for the long haul.

@dogestranding5047

9 ай бұрын

broke logic

@bb-wb8sb

9 ай бұрын

@@dogestranding5047 please elaborate, it should be easy enough if that is the case.

@theondono

9 ай бұрын

Aside from the obvious failure of properly defining terms (what the hell is a "meaner" method?), your logic is simply wrong on multiple accounts. First, companies don't compete "to the death", in fact most successful companies don't compete *at all*, they create new stuff, because new things are natural (if temporal) monopolies. Second, even if they did, your conclusion does not follow. Predators and prey compete for their lives constantly, and yet we have very simple mathematical models (Lotka-Volterra) with good empirical evidence that show us how both populations can grow. Third, to keep talking about "exploitation of workers" at this point is just pure nonsense. Not only because the whole Marxian justification is based on the debunked LTV, but because *there has been no better time for workers than the present*. Fourth, It's rich to hear word salads like "we require a economic system which is based on cooperation, rather than competition". There's two ways to organize, by cooperation or by the use force. Capitalism is the closest we've had to first one, to think that we can get to "maximum cooperation" by the use of force, it's to think you can get to absolute zero by heating something. Just ponder for 10 minutes how many people collaborate on a daily basis to satisfy your wishes, and how little of your time it takes in exchange.

@bb-wb8sb

9 ай бұрын

​@@theondono "companies don't compete "to the death", in fact most successful companies don't compete *at all*" and what happened to the "non-successful" companies? they fought to the death, and lost. "they create new stuff, because new things are natural (if temporal) monopolies." everything is its own monopoly, technically. however, how relevant is it? the iphone is its own thing (created with publicly funded technology, which pursued a goal, rather than profit), but android phones compete with it. that a thing is unique is essentially irrelevant, what matters is that is satisfies a need, and those are far less unique. in short, companies compete which other, all the time, obviously. "Predators and prey compete for their lives constantly, and yet we have very simple mathematical models (Lotka-Volterra) with good empirical evidence that show us how both populations can grow." that populations of entities in competition can grow, has nothing to do with the fact that these entities can compete to the "death". both can happen at same time, the only thing that needs to happen is that in a period of time, more entities are born than die. furthermore, it is not an apt analogy to bring up in this case, as what i was mentioning was the competition between predators, rather than between two groups, in where one is categorically defined as "predator" while the other is defined as "prey". "Not only because the whole Marxian justification is based on the debunked LTV, but because *there has been no better time for workers than the present*." the term "exploitation" was used in its colloquial sense. im sure that the vast majority of people, at least those of europe and america, would disagree with this analysis of the current moment, and the general trend. "There's two ways to organize, by cooperation or by the use force. Capitalism is the closest we've had to first one, to think that we can get to "maximum cooperation" by the use of force, it's to think you can get to absolute zero by heating something." there is also a third way of organizing something: making a situation precarious, and then waiting for those who wish to survive to come to you to satisfy their needs. those who performed the enclosures in england understood this. capitalism is a system in where workers compete with their capitalists, and other workers, and where capitalists compete with their workers, and other capitalists. capitalists of a business even compete with workers who are not their own, through things such as the chamber of commerce. in short, everyone is competing, all the time. i do not understand how one would define that as "cooperative". regarding the use of force, idk where that came from, perhaps from the faulty dichotomy you created at the start. democracy, a system in where people have a say in things, to the extent that it affects them, (divided by others who are also affected by said things), is what i was generally aiming at. agree to disagree i suppose. have a good day.

@theondono

9 ай бұрын

@@bb-wb8sb > what happened to the "non-successful" companies? they fought to the death, and lost. Believe it or not, "death" is actually quite rare, they either got bought or went through a merger process. > everything is its own monopoly, technically. What? Are you really claiming commodities don't exist?? > furthermore, it is not an apt analogy to bring up in this case, as what i was mentioning was the competition between predators I'm guessing you're also not aware that the math apply equally well even if you set up two distinct "predators" eating each other. By the way, you clearly missed the analogy, since it's each species represents a company, not each individual. > capitalism is a system in where workers compete [...] That makes no sense. I don't compete with my boss. She wants work done, I want money, we get to an agreement of how I'm going to charge for it. I compete with other workers for the job, my boss competes with other employers for my labor. I think you don't understand what "competing" means either... > I do not understand how one would define that as "cooperative". Even in that twisted world of yours, for each competitor a company has, it has dozens of providers, and each of them has in turn dozens of providers, until making a pencil takes thousands of individuals collaborating. It's called spontaneous order. > Regarding the use of force, idk where that came from, perhaps from the faulty dichotomy you created at the start. First, if you think that dichotomy is false, go argue with Kant, Locke or Nozick. But there's literally no other way to organize a group of people, they either agree voluntarily, or through the use of force. > democracy, a system in where people have a say in things [...] You mean the system where the majority *forces* their viewpoint on everyone?

Her real name is Gillian 'So you're saying' Tett, if anyone didn't know.

All economic theories are a relationship to production. Under feudalism you relationship to production was either monarch, Lord or peasant serf. Under capitalism your relationship to production is eiher employer or employee. Basically an economy is how you organize the productive forces and how that which is produced is distributed. Under capitalism you organize the oroductive forces into employers and employees. You distribute that which is produced into wages, profits and taxes. Wha is profit? Profit is all production maintenance costs. That being the paying of business rent, loans, supplies and taxes. Also the person amount the employer takes for themselves. Wages are what the employee gets. And taxes outside of what the employee extraxts as profit comes from the government.

This is a paradise. Are we good enough?

News Flash, arrogance isn't a counter argument

@LeeeerrrroooyJennnnnkins

7 ай бұрын

Radical transparency exists where?.. Where is Julian Assange being held under manufactured charges and kangaroo court cases?.. Radical transparency is not what capitalism has on offer..

Very interesting to hear, I can not help wondering why the resording is trimmed...presented moment is surely not the time and waydebate ended. Does anyonehave a link to complete file?

Footprint economy: I always tell my little comunity, that I am zero plastic, that I do recycle shower water (using it for giving my plants water), saving electricity by only cooking in times of sunny weather, recycling the maximum. They still don´t want to lower my garbage tax and bonify my conscious way of life.

@superdog797

Ай бұрын

Can plants be watered with soapy water?

Why is it called intelligence squared when 2 chickens are moderating the event ?

The antropoligist says, that banks should be enabled to "forward" money (if I got it right). They already do it. Do won´t ask me, "may I work with your money, please?" They do it. They guarantee that your money is insured up to 100.000 Euro. What does this insurance mean? Safety for the case of bancrupcy. If this is the case, the government will safe the bank (one single bank, not all banks...).

A stopped clock, since 1990 a destroyed clock. Socialism.

This is the 3rd interview I'm watching today and that egocentric rude women keeping interrupting him is totally unfit for the job. On the other hand, Yanis seems to have a problem with Bezos and Amazon but never has mentioned government created Tesla once. I do remember Amazon's IPO when Bezos was the laughing stock of Wall Street for selling used books online. On the other hand, Tesla and it's affiliates where solely dependent on government policies.

@Poemsapennyeach

5 ай бұрын

The women could hardly get a word in. He is a disaster . Brought Greece to its knees and financial ruin

Let him talk come on !

The women keep trying to pivot the argument to something other than what Yanis is trying to say.

Wow, so combative I can't even...

China is providing an alternative way to regulate capital markets for the benefits of all. National interest is more important than shareholders in capital markets.

@aristocraticrebel

7 ай бұрын

That's still capitalism though.

@jonirischx8925

7 ай бұрын

This is the truth that the West does not want to face, because they perceive it as "authoritarian". Whether China is capitalist or socialist depends entirely of the question "who benefits from the semi-independent or private-but-government-controlled markets they've established?". The CPC claims they have a long-term plan of establishing 'true socialism' through these market machinations (when the productive base has been established, equity will ensue). Whereas some maoists, anarchists, and other left-leaning or liberal critics claim that China has been overtaken by capitalist roaders. But it is undeniable that, at least in a purely economic sense, including poverty alleviation and development, this model has been highly succesful. Personally I don't see how Varoufakis's vision can be implemented without a strong, centralized state with a socialist agenda. He tries to avoid advocating for such a thing precisely for not being labelled as "authoritarian". But surely without that aspect, his policies amount to utopian "wouldn't it be nice" daydreams.

@richiesd1

7 ай бұрын

@@jonirischx8925 the west is too ideological. Certain policies don’t always work. They work at different moments.

Capitalism is slavery and slavery is Capitalism. Is this the best economic system? Surely there is an alternative. Is there an alternative?🤔

@paulroberts7544

6 ай бұрын

I think the problem is - Capitalism (with all it's faults) - is the only system that people will accept. This is because it models nature - survival of the fittest. In nature the strong gets stronger, dominates, grows - and eventually gets so big that it is unsustainable. It then colapses and, once again, some species or other will slowly but surely dominate, grow.....until IT gets so big that it is unsustainable. This is what we've seen throughout history - the rise and fall of civilizations. But always (I think?) they've been based upon capitalism - even communists use money - right? I don't think humans are capable of doing anything but competing for dominance. Even the non-competitive among us will fight to the death for a last scrap of food to keep our children alive. For all it's faults, capitalism is the most civilized way of doing it. Capitalism lets humans live with a degree of freedom. Yes, you're enslaved by the need to earn money, but the more money you earn the more freedom you have to live your life as you choose. Under communism you have no choice. No freedom. So - communism (or some other kind of dictatorship with most people being essentially slaves) or capitalism. I don't know of any other choices? I guess the way the Amerian indians lived, taking only what they needed from the land? But that's not going to work with a world population of 7 or 8 billion.

Varoufakis is brilliant.

@Poemsapennyeach

5 ай бұрын

Try telling that to the Greeks.

22:10 yes, lets give private owners more power and self regulation. exactly what we need.

@21M..AgeOfTruth

8 ай бұрын

'Learn about Bitcoin. Learn why its importance is so much greater than the wealth it might create for you and your family. When you do, teach others. Their futures may depend on it' - Jeff Booth, Tech Leader & Author of The Price of Tomorrow 🫂🌐

Capitalism is the National Wealth Service of the rich. 😉

I can't imagine any alternative to Capitalism that I'd find acceptable. I think it's because it models nature - we evolved for millions of years in a world of survival of the fittest. Nature is competitive; in nature the strongest will keep getting stronger until it gets so strong that it's no longer sustainable. We are comfortable with that, and it's exactly what Capitalism models. But we're at that point where we're so strong that our civilization is no longer sustainable. I don't think it's possiblle to keep fixing it to make a route ahead. In nature, you would have total collapse and something would rise out of the ashes. I suspect that total collapse is unavoidable. It looks to me as if the ruling classes are trying to bolster their own position - but I doubt that even they can avoid the collapse.

@zuzanazuscinova5209

6 ай бұрын

Very good observation.

Wind back the clock then throw it away. Close the laptops. Turn off the phones. Forget agendas, calendars, cloud communications. Put down our books. Walk ouside and find a forest. Fast and sit for a few days...if you are still healthy enough and can make that reality. Review. Do this more and more regularly. Do this and be quiet and receptive to nature.

If they apply the EEG clone to policy & business, for the benefit of shareholders, they can bend it all 'til it breaks. 2012 synthetic telepathy: "There are only hunters & farmers", is their psychology, with "elite" & "dinosaurs". Neuralink-type tech is old now, & FAR more capable than is being even hinted at. Brit.

The environment oof nature grows herself. Money? Cables under our oceans called clouds? No thanks. The power is in our bodies and care and the natural world. Believe in that as we move away from the spells of modern humanity. Walk, sit, lie down, rest, help each other get up into their own nature power. Walk on together.

Gillian constant interruptions are so annoying. She needs to check her ego.

Sera que los sabiondos no se percatan que los unicos paises que han logrado el desarrollo pleno son los que practican la democracia capitslista?...

These two women are two nattering birds at the feet of Varoufakis. Gillian is way out of her league.

@xyzllii

5 ай бұрын

Totally disagree with your misogynist comment, She is one of the LEADING financial analysts today. He on the other hand is a testosteron fired self opinionated bully.

Good grief. That ignorant man is truly full of himself ! He is unpopular in Greece due to his disastrous governmental tenure. He was arrogant then as he is here...as he brought Greece to its knees and financial ruin. Poor G.T. could hardly get a word out.

@microbe_rz31

3 ай бұрын

Greece is worse than Texas now in some ways. We have Greek Orthodox Priests blessing detention camps for migrants. I have complaints about Yanis also, but his alleged unpopularity in Greece shouldn't be a metric for anything.

All we have to do is trust our betters to pass laws in the interest of all mankind. It's not utopian, it's "progressive"! 🙄

He sounds intelligent and thought provoking but there are a lot of contradictions within his logic, the most visible one his wage profit dilemma. I like how socialists are trying to reinvent themselves to stay relevant, he by far sound, somewhat reasonable.

@xyzllii

5 ай бұрын

He led his country into financial ruin during his tenurel He is a has-been.

Is that rabid dog dangerous? Hmm…hmm 🤔

Capitalism is like a lifeboat. It's a lousy way to cross an ocean, but it beats swimming. We haven't built socialism yet, I suggest we don't know how, so we have to make do until we can improve things.

Tett thinks she knows more than Yanis and has the role of keeping him in check. Excuse me, but I'm skeptical of where she's coming from. I know who the thinker is in this group .

don’t come back here Yanis ! she must let you speak

Yanis Varoufakis would make a great 🇬🇧 PM compared to the recent 🚿 shower in power 🤔

Miss economist knows nothing of Mondragoj? Not very well read.

Services are far from free if we do pay them with our data!!

Capitalism has never worked before. Capitalists are a small minority while workers are the great majority. Capitalists operate for profit and return on investment. They amass their fortune through exploitation, paying employees as little as they can get away with. Workers are kept poor while their employers build their business empires. The gap between the rich and the poor keeps widening. Consumers who run out of cash use credit to boost their buying power. Interest payments further improverish workers. What happens when too many consumers run out of cash and credit?

Who are these two fools? Yanis is so patient, just listen...smh.

The failure that we are experiencing now is due to bad leadership across the board. The Western countries leadership unilaterally abdicated their responsibilities to big businesses. Capitalism needs good government to govern them. Everyone has to play by the rules. That is the only job of government, and they failed.

The biggest problem with Marxism, Socialism and Communism is that authoritarians must be positioned in power to demand how much and what type of freedom (including Capital markets) people are allowed to have.

@PsilentMusicUK

8 ай бұрын

Historically, the reason authoritarians have come to power in Socialist projects is because without them they tend to be crushed by Capitalism and Fascist opponents. The Anarchists have suffered that particular fate multiple times. They struggle to garner support because they were decentralized, whilst Marxist-Leninists have relied on the pull of the "cult of personality."

@SavageArms357

8 ай бұрын

Are you familiar with Anarchist theory? It is anti authoritarian socialism, or left libertarianism. It seemed to work really well in Spain during their civil war before the side backed by Hitler destroyed them.

@merlepatterson

8 ай бұрын

@@SavageArms357 I'm better with the idea of small 'c' Capital markets (local and regional retail/production markets) and decentralized democratic libertarian aligned systems of governance. Heavily Centralized markets and government never turns out well.

@SavageArms357

8 ай бұрын

@@merlepatterson Anarchist economic theory is about as decentralized as it can possibly be, I think you may find it compelling.

@merlepatterson

8 ай бұрын

@@SavageArms357 Yes, I know all about anarchist economic theory, but the expectant bleed over into governance is the worry. A truly anarchist socio-economic structure means the elimination of structured systems for the most part, such as law enforcement and judicial systems which leads to hired Mercs (or worse, i.e. mob justice) as judge, jury and executioner. In that case it would be far better to live under the Royalty of a King/Queen and hope for a beneficent Crown.

That blonde woman is really irritating and isn't listening. Her overwhelming sense of importance shows her insecurities.

She defeats her own argument by saying "fashions change"... Yes people will move & cross platforms according to fashion, not how a company will handle your data...still no onus on tech companies to do anything...

My brother in humanity, I am sending you this message... God is waiting for you to follow the path of guidance and He loves goodness for you... What do you think about sailing on a journey of searching for God, the Great Creator who created this beautiful universe... If you want to know God, read about the Islamic religion God commanded us to follow him

Really? socialism? Get real people

@Narapoia1

9 ай бұрын

The critiques of capitalism from the left are far more robust and accurate than anything that comes out of the capitalist machine because the machine is predicated on it's way being the only possible way. Pure socialism has never really been implemented and there are a lot of well established reasons for that. Socialist and left leaning activists are also responsible for a large number of things we take for granted today (in developed countries anyway) that I am sure you would be unwilling to give up even though the market would gladly take them. Minimum wages, 2 day weekend, contracted holiday leave, workplace safety, age limits for employees, etc... Some approaches that don't stretch as far as pure socialism have been tried. Social democracy with market mechanisms and incentives for example and has delivered better living standards, educational outcomes, healthcare and wages for greater percentages of their populations than any other system that has ever been deployed. Late stage capitalism, the fruits of which we are currently enjoying, has as many issues as socialism, they just manifest in different ways.

@TrollBenable

9 ай бұрын

thats the best argument ive read against socialism. good job.

@Narapoia1

9 ай бұрын

@@TrollBenable What do you find so compelling about it?

@TrollBenable

8 ай бұрын

@@Narapoia1 joke

@aligatork

8 ай бұрын

yes, really Socialism.. Socialism has not been tested anywhere correctly ..and please dont bring Soviets or North Korea, those are/were dictatorships of a party of a minority elite which just abused the name of MARX for their crimes.. you also don't blame Jesus for the crimes of church in Middle Ages? do you? so please first read and understand Marx, before attacking the concept of socialism

13:55 OMG, you don't need any of these shenanigans, ANY OF IT. Nothing of this will help. Tax, tax, tax, tax, tax, tax, tax Bezos and Musk. Put a cap at personal income, 100% tax over $1M, for example. Tax half of corporate profit. Tax exchange transactions. 1. Tax, tax, tax! Tax the hell out of them! Tax them naked! 2. Nationalize banks, ruin the private banks: all the profit of the banks - into the state budget, from a central state bank. 3. Establish UBI, absolute minimum: you will force any entrepreneur / businessman / CEO to pay FOUR-FIVE, to TEN TIMES more to his worker, than the UBI - cause NO ONE WILL WORK, OTHERWISE, ABSOLUTELY NO PERSON WOULD AGREE, if he has basic needs of shelter, food, water, electricity met, guaranteed by $1000-2000 peer month. State will automatically FORCE any business to offer at least 5-10k, to attract a worker. Three steps, and it's over: a marriage of Capitalism and Communism, and it is over. Well, apart from ecological/environmental issues, they won't be over, but these are different issues. They might require harsher measures, like confiscation, fines and prison.

Great job at totally mischaracterlizing capitalism and the free market!

@Narapoia1

9 ай бұрын

How is it mischaracterising what is currently happening? Sure he is not talking about textbook capitalism or the free market, but that is not what is currently happening.