I learned in undergrad business school in the early 90's, that we have "Privatized profits and socialized losses.

@youen1821

3 жыл бұрын

I learned years ago as a poli sci jr college transfer student about privatized profits and socialized debt. And that obamacare and food stamp programs are redistribution.

@enricopallazzo2987

3 жыл бұрын

Wow that's put perfectly

@popcornfan9364

3 жыл бұрын

@@youen1821 When you allow businesses to pay their employees less than a living wage you pass that burden on to the taxpayers. We tax earned income at a rate higher than capital gains meaning that we take from those who work for their money at a higher rate than those who already have wealth. Without the burden of paying their workers a livable wage businesses are able to earn larger profits. Those larger profits are then passed on to the stakeholders, either private business owners large stockholders. Poor people and the working class are not large stakeholders of businesses. The vast majority of people will never have enough wealth to replace their yearly salary with capital gains. We already redistribute wealth, we have just decided that it's okay to redistribute wealth from the poor and the working class to the wealthy. I'm a capitalist, but I also care about people. We legislate people's actions for the greater good of our society we need to do the same for businesses. We question what poor people will do with food stamps, income-based housing, and stimulus checks however, we don't scrutinize with the same degree what business will do with the added assistance of grants, tax incentives, and government bailouts. We are okay with HOA's writing rules regarding the color a house can be and the upkeep of one's lawn to protect the value of surrounding homes, but we cry foul when it comes to stricter regulation of businesses to protect the financial interest of the poor and working class. We have decided as a culture that it is okay to hate poor people and covet the wealthy.

@humanonearth1

3 жыл бұрын

@@popcornfan9364 Very well put indeed. The rich pulling the strings of politics, lobbying and trade-craft corruption all keep things the way they are too.

@Scotto6977

3 жыл бұрын

Facts👏🏻

"We need to be more loving and empathetic with people and more harsh on companies." A-Fucking-Men

@SThrillz

3 жыл бұрын

Except to do that you need to move away from capitalism.

@francescomazzolin4519

3 жыл бұрын

Need is a strong word don't you think? How about reform a system that historically have uplifted millions of people

@srkh8966

3 жыл бұрын

@@SThrillz No, did you not understand what he said? Huge corporate tax breaks and right to work ideology produces an oligarchy, which isn’t capitalism.

@Hirnlego999

3 жыл бұрын

@@srkh8966 Capitalism comes in many forms. They have also embraced China. And capitalists of course love to own the government too.

@michaelsalvo6467

3 жыл бұрын

You need strong unions

Scott is one of the best guests Bill has ever had, I hope he recurs on this show. His podcast is delightful to listen to.

@1:48 "we need to be more loving and empathetic with people and more harsh on companies" bang!

@yurona5155

3 жыл бұрын

@Joseph Norm It's way worse actually: Capitalism commodifies love and empathy and thereby provides a direct incentive to make them artificially scarce. But evidently these days a minimal reflection of this kind is already asking too much from three dummy boomers riffing around their middle school credo of neoliberal orthodoxy. Very obviously neither of these guys has any clue what capitalism and socialism do (not) entail (especially disheartening coming from someone who should at least be able to spell the term "macroeconomics" like Galloway) and for some odd reason they felt that smugly documenting their own brain death (by uttering something like "USSR bad, read history book!") on live television would be a good idea...strange times.

@mr7wi

3 жыл бұрын

Delta? - Burn baby burn!!!!

@justgivemethetruth

3 жыл бұрын

Nope, we need to appropriately regulate BOTH - period.

@susannegrabowski4685

3 жыл бұрын

Yes! & Protect people not companies!

"I'm not done yet!" I laughed my arse off.

@randolphpinkle4482

3 жыл бұрын

Don't mess with someone in the middle of a wave, baby!

@NbdydzitlkeSaraLee

3 жыл бұрын

I jumped away from my screen lol 😳😕

@jeffs6090

3 жыл бұрын

It was warranted too when he said that. Bill likes to be happy about having an audience again, and in some aspects, it is good. However, they are extremely annoying throughout the show. I liked the episodes back when there weren't audiences. Bill and the guests were never cut off by all the exorbitant applause, and there was a lot more able to be said. 15% of the show is lost due to the audience cutting in all the time.

@icysurfer1

3 жыл бұрын

That was a great speech

@EAZYED420

3 жыл бұрын

Bill's audience is the worst...i love bill tho

Get rid of Citizens United.

@Seekthetruth3000

3 жыл бұрын

Get rid of the Deep State and its corrupt news media.

@Seekthetruth3000

3 жыл бұрын

@remy lapoint ????

@Dialogos1989

3 жыл бұрын

Get rid of citizens!

@willschoenhardt7972

3 жыл бұрын

90% of the problems will fix themselves if we fix this one issue.

@rje024

3 жыл бұрын

Along with corporation's legal standing as a "person."

I feel like Americans know the answers but choose not to use them.

@GLORYNEVADASMITH

3 жыл бұрын

The answer is Washington CCP is guilty of grotesque and incomprehensible levels of corruption and incompetence.

@shacktime

3 жыл бұрын

@@GLORYNEVADASMITH In a representative system the people get precisely the leadership they deserve. We keep demanding successful businesspeople for candidates... And we keep getting them. What’s that about the definition of insanity again🤔🤨

@GLORYNEVADASMITH

3 жыл бұрын

@@shacktime Corruption has always been part of the Human Condition . In this modern era a politician just gets so much more for the money ,in quantity and quality .

@shacktime

3 жыл бұрын

@@GLORYNEVADASMITH The people keep voting for fire breathing dragons then cry about a scorched Earth🤷🏼‍♂️ “The only thing humans learn from history is that they don’t learn from history.” We walk wide-eyed and willing into the abattoirs of our own making, pushing our children before us while telling them how much we love them. Yeah, the way cancer loves it’s host.

@PutinsMommyNeverHuggedHim

3 жыл бұрын

@@shacktime Define “successful” businessmen

Profits: private bounty Losses: public burden Reminder to call “crony capitalism” by its proper name, corporatism

@garybezner6774

3 жыл бұрын

I word "GREED"

@MatthewMartinez314

3 жыл бұрын

We should be most harsh on corporate welfare

@MatthewMartinez314

3 жыл бұрын

@Danny Archer preference and reality of practice are different, disjointed, and disconnected in this case

@hutchison3379

3 жыл бұрын

You mean just capitalism.

@NWOALERT

3 жыл бұрын

It's amazing to me that people don't see corporations growing in power to the point of buying the government as the natural progression of capitalism...like why even put the word 'crony' at the beginning?

"...a bed of empathy..." This is what separates Scott Galloway from Peter Schiff and other staunch capitalists. Empathy. Thank you, Scott.

@heythere9371

3 жыл бұрын

It sounds like Peter Schiff has a more accurate idea of what capitalism is

Scott Galloway is actually a gangster, give the man some resources...

@dennischarles4243

3 жыл бұрын

He deserves a show if not a podcast

@calicationoflife

3 жыл бұрын

@@dennischarles4243sarcasm?

Scott galloway's weekly newsletter is worth subscribing to, the guy knows his shit

@shacktime

3 жыл бұрын

Well, except that his accuracy curve is a bit rough and he has a fairly consistent tendency to contradict himself, especially morally.

@Eusantdac

3 жыл бұрын

Never saw this guy before but he hit all the right notes in a very short time.

@poopoo-ge7tb

3 жыл бұрын

@@Eusantdac He is a hypocrite who knows how to handle the media with one liners... all of his comments are well rehearsed. He built his wealth by exploiting the people who worked for him. He made his millions as a ruthless capitalist...

@poopoo-ge7tb

3 жыл бұрын

he only seeks money, power and fame.

@Terminalsanity

3 жыл бұрын

Not really he's just another ideologue looking through his own brand of rose tinted glasses. Capitalism not the best system that's just another brain dead mindless talking point. Well regulated capitalism is the best system. And any time anyone tries to tell you that free market capitalism regulates itself kindly remind them and yourself that free market capitalism isn't some unknowable, infinite, benevolent, transcendental force or entity its just people engaging in the free trade of goods and services in a free market economy. IE its just a collective behavior of people and the only means by which people regulate their collective behavior is via laws and regulations enforced and imposed via the government. The idea of letting capitalism "regulate itself" apart from government regulation is basically putting everyone on the honor system, you know idiocy.

Holy crap... that was one of the best things I’ve ever heard

We’re all in this together is indeed a crock of s**t. Anybody remember the Terry Gilliam film Brazil from the early 80’s?

@rostamr4096

3 жыл бұрын

I do, an amazing movie indeed. Loved the music

@ChipWhitingtonIII

3 жыл бұрын

1985 is not the early 80's, it's the exact middle.

@batgurrl

3 жыл бұрын

@@rostamr4096 👍🏻💋

@susiefairfield7218

3 жыл бұрын

rt on @batgurrl

@reflectsonlife

3 жыл бұрын

...which in turn is based on the George Orwell novel 1984 (from the late '40s).

Scott Galloway is totally the man of the Year: anyone who follows him and understands his platform...would do good to listen to his messages . 🍒🍒🍒🍒🛰

@84jesterx

3 жыл бұрын

Had my fill of his "OK Boomerisms" after watching. No thanks.

I thought he was Bruce Dern for a second 🤔

@jasonkeenan4154

3 жыл бұрын

He looks and sounds just like him lol.

Scott Galloway was a really impressive guest. Thanks to Bill, we’re introduced to all these voices and the books on my reading list. 🖖🏾🤙🏾

Yeah Scott!! The Prof speaks the truth!!!

I believe capitalism should be reformed, not torn down.

@PH--ov7tf

3 жыл бұрын

Absolutely, from the current neoliberalism back to Keynesian economics.

@shacktime

3 жыл бұрын

I believe we need to stop making economics a course in comparative religions. The fact that in this day and age we continue to merely skin bartering systems with fancy new verbiage proves how few humans are capable of creatively constructive thought. Instead of inventing “new” ways to skin the same dead cat perhaps we should breed and nourish a whole different species of economic animal.

@kellibarnhouse6591

3 жыл бұрын

Capitalism needs Restrictions! Predatory Capitalism should be Illegal! Get Money out of Politics! Billions of Dollars was used during the elections as Legal bribes! Public funds should be set aside for Elections with caps on spending for each Candidate! Based on income, like our tax system! $10 every paycheck up to $30,000 dollar, then $20 up to $50,000, then $30 up to $75,000 and so on! Whatever amount comes out to every Year will be divided equally! More debates and Town Halls! We need Qualified Candidates that can pass Tests to be our Elected Officials Examples: Good deeds in their communities, 10 years of Clean background checks that includes All Taxes and Financial Records, No Business Ownership, No Stock Ownership, a Psych Test, random drug testing, No pending on Court cases in of any kind, A College degree in Constitutional law to work in our Federal Government, ect....! F Republican Liars, Traitors and Mass Murderers!

@UToobin75

3 жыл бұрын

And there's some who would day that our current state of affairs is simply the natural conclusion of capitalism, that it cannot be "reformed", and that the exploitation of labor and obscene levels of wealth inequality isn't a bug, but a feature.

@shacktime

3 жыл бұрын

@@UToobin75 capitalism is a better tool for building a nation’s economy than it is for sustaining it.

Ayn Rand and "worship of greed" capitalism.

Bill is definitely right when it comes to most people not reading or paying attention to history...

@mr7wi

3 жыл бұрын

I saw the Enola Gay on her anniversary. I told my 13 year old son and his friends this plane changed the world. They had no idea what I was talking about.

@1234maggierose5678

3 жыл бұрын

including Bill

@cuzndupre2822

3 жыл бұрын

Apparently Bill is now committed to leading the group that doesn't quite understand history. At least having live guests is slowly bringing him back to sanity.

@michaelmorningstar8645

3 жыл бұрын

@@cuzndupre2822 nonsense

@cuzndupre2822

3 жыл бұрын

@@michaelmorningstar8645 bullsh*t

Scott Galloway is exactly what we need.

@poopoo-ge7tb

3 жыл бұрын

he is a hypocrite who made his millions by exploiting people that worked for him. he's a media and marketing guy with catchy one-liners. there is nothing genuine about him. he only seeks money, fame and power. don't be fooled

@terriej123

3 жыл бұрын

Need for what?

Some suggested reading on how the US economy has been transformed from 1980 to today, (It did not happen just by chance, it was deliberately planned and put into practice): Democracy Inc.-Sheldon Wolin; A Brief History of Neo-Liberalism-David Harvey; J is for Junk Economics-Michael Hudson and America, the Farewell Tour-Chris Hedges.

@moabdelkafi797

3 жыл бұрын

Democracy Inc. Eye opening and eye watering ... great 📚

@PH--ov7tf

3 жыл бұрын

@@moabdelkafi797 - I agree with you. The largest wealth gap in the history of the USA did not happen just by chance. It was co-ordinated between Wall St. and Washington. See the documentary “Requiem for the American Dream” by Noam Chomsky. Thanks and good luck.

Hope to see more of Scott Galloway!

@shmookins

Жыл бұрын

He's on the latest episode now.

Completely agree with you Scott!!👏👏

Quite an ironic message coming from someone who spent the bulk of his life as a hedge fund manager. I think Scott Galloway attempts to rewrite himself as "the voice" of whatever era he finds himself in --- regardless of its moral underpinnings.

@KyleDunnIt

3 жыл бұрын

He regularly professes "break up big tech", yet somehow forgets "big media/telco" and "big finance", probably because he shares a "fence" with them in Manhattan.

@Annapurna818

3 жыл бұрын

Correct. And marketing? Please.

@anniesue4456

2 жыл бұрын

Really that's news to me

@qmbikerider4583

2 жыл бұрын

@@anniesue4456 Annnnd?? You're what? 16? Do your homework before posting.

Larry hit the nail on the head. Capitalism needs a state to keep it in check. You can earn a high wage but you should pay higher taxes so. That way you can keep Capitalism honest. Capitalism blended with Social-Democracy works good for the citizens of the state.

@mrwascallyt9865

3 жыл бұрын

the problem - the rich many times don't pay more . they pay less percentage wise than the average taxpayer or pay nothing and get tax credits - we pay them what could go wrong

@Wizdomizer1

3 жыл бұрын

"Social Capitalism", that's how we call it in Germany since the 60s...

@Wizdomizer1

3 жыл бұрын

@Anurag Chakraborty West Germany. Ludwig Erhard, Secretary of Commerce (49-63) championed it. We call it "Soziale Marktwirtschaft", search for the respective english Wikipedia Article.

@Wizdomizer1

3 жыл бұрын

​@Anurag Chakraborty ​ @Anurag Chakraborty I don't see why the size of the population should matter. What matters are: EDUCATION Germany is just doing ok here, but the Universities are good to excellent and very cheap, especially because private Universities are very rare HEALTH CARE Germany is doing good, there's a mandate (you need to have health insurance!) and you can select between private insurancy companies and government-controlled options (in this case costs are split 50:50 between you and your employer, your share is ~7.5% of your monthly income) TAXES You need to tax the rich and large companies, Germany is just doing an ok-ish job here (top personal tax rate is 45%, used to be 54% until 2003) KEEP MONEY OUT OF POLITICS Germany is doing better than the US, but also not really well. We just have a scandal about a couple of politicians from the leading party (CDU) filling their pockets during Covid by arranging deals on selling masks UNIONS They are still pretty strong in Germany, although the unionization rate is going down here slowly, too, which is a shame MANUFACTURING Germany still produces a lot of goods within the country, although the trend towards becoming a service and knowledge economy is accelerating here, too (which isn't a bad development on its own, quite the opposite, IF these jobs come with good wages and benefits and are not only gig-economy driven) SOCIAL SECURITY SYSTEM If you lose your job the government jumps in and supports you for 12 months with ~60% of your last average salary. If you are long-time unemployed the government provides you with everything you need (a flat, food, electricity, communication, money to spend on education etc. - it is designed to survive and to not live on the street and nothing more, and you have to continuously prove that you are actually looking for a job) Germany is FAR from perfect, but BECAUSE we have a large government and a lot of government programs are tax-financed all in all things are still going ok-ish to fine. All of this can also be addressed in the US. But the political system has to change, and that only happens if voter turnout is raised significantly and if people vote for their own interest and not for a cult they are following...

@knelle1114

3 жыл бұрын

Interestingly enough we were much further to the left during the 1940s, when FDR was president. There was a time when Eugene Debs and Huey Long (both left of Bernie Sanders) were being embraced in the south. When LBJ signed the Civil Rights Act, many southerners left the Democratic Party for a party that doesn’t have their best interests.

When corporations started here, a board of directors was included to keep a check on management so that they would not use their position to better themselves over the average shareholder. Over time, management figured out that if they put their "friends" (often managers of other corporations) on the board of directors, they could then push through all sorts of benefits for themselves. In return, these managers would do the same for the other companies. I believe this to be one of the main reasons we have seen the salaries, perks, severance packages etc... climb to truly ridiculous levels. This is just one of the many problems with our current sad corporate situation.

I loved this guest! Always look forward to watching Real Time on Saturday mornings

Been watchin "the big dog" for a long time. "Four Horsemen" he did. was amazing 2 years go.

Maybe Bill should invite some actual left leaning people on his show to talk about solicialism or communism.

@NA86737

3 жыл бұрын

Name one right now who doesn't come across as a teenager or a first semester college student.

@supershinigami1

3 жыл бұрын

@@NA86737 Right of the bat I'd say Noam Chomsky, Richard Wolff or Slavoj Žižek for a talk about Marxism. And if he'd want younger people to talk about it then Hasan Piker or maybe Vaush. Maybe they're not exactly communists but they're pretty knowledgeable about this topic. Alternatively the people from the "bread tube" community could also talk about it.

@deadbutworking

3 жыл бұрын

Agreed. He gets on people who have benefitted from capitalism to trash socialism. These people want to acknowledge the plight of the workers in name only.

@michaelmorningstar8645

3 жыл бұрын

You just witnessed that.

@afroohar

3 жыл бұрын

​@@supershinigami1 Chomsky would be amazing, but he doesn't like these kind of talk shows. Zizek can't do anything where he's not allowed to ramble incoherently for two hours and get applauded for it. Richard Wolff is a nobody, as in nobody's taken him seriously for decades now.

Wow. Two of my favourite. Scott and Bill

I miss Larry Wilmore!💜💜

@kristinacool8151

3 жыл бұрын

Me too!

@bobbyb9712

3 жыл бұрын

I haven't.

"Crony capitalism" is a redundant term. It's like saying "authoritarian dictatorship." The US has - and always had - a form of capitalism that is inherently cronyist, hostile to democracy, and in favor of the formation of oligopolies in strategic sectors of the economy.

good show tonight - funny and sharp

great team & bright talk. have them on more often, please 🙏🏽😇

Scott Galloway is very insightful

Scott Galloway should be a regular on the talk show circuit. Anytime he is interrupted I want to hear that *Wait ! I ain't fkn done yet!* 👊

@valkondarvalakev6377

3 жыл бұрын

And he was never seen again...Maher is just a tool and so are his producers they don't dare have anyone who actually questions capitalism

@countdebleauchamp

3 жыл бұрын

@@valkondarvalakev6377 Why are you blaming Maher, after he has had Galloway on his show?

@demigod1013

3 жыл бұрын

@@valkondarvalakev6377 ? No one supports 'crony' capitalism (other than the corrupt cronies lacking a conscience and a moral center who've gamed the system, manipulated markets etc) The capitalist ideals/principles that the majority of us have generally accepted and/or approve of as a whole has been the root of the vast majority of our problems and society's as a whole ie socio-political, financial and economic. As long as we are guided by our capitalist views/ways we will never level the playing fields, fix the inequalities/inequities, bridge the pay/wage gap disparities, establish a fair equal money system, and eliminate entitlements/ exclusive private OWNERSHIP rights of our most important vital natural resources that inherently belong to all people - not to be taken controlled over, exploited, and exhorbantly profitted on.

@demigod1013

3 жыл бұрын

@@valkondarvalakev6377 We can question and debate capitalism till we're blue in the face but things aren't likely to change anytime soon. It takes a collectively strong willed SELFLESS society working together with a common goal/purpose to transform the status quo. Ex-president Trump as an example - a soulless self centered corrupt narcissistic control freak manipulator with no redeeming qualities. He has exposed our own weakness/faults and shown how truly divided we as a people are regarding our values and indifference.

@valkondarvalakev6377

3 жыл бұрын

@@countdebleauchamp Because Maher is tryng to stop and mock him? Also the rant at the start? Capitalism is the problem and pretending that it is not is the issue. Capitalism was never good

Read ‘Democracy Incorporated’ by Sheldon Wolin, the U.S. has inverted totalitarianism in a managed democracy.

@PH--ov7tf

3 жыл бұрын

Absolutely! I posted a short reading list that included ‘Democracy Inc.’ and three others. The thumbs up for your post and mine are minimal compared to the other marginal posts. It seems to be a fair indication of the state of affairs that currently exists. Good luck.

@steven2183

3 жыл бұрын

it seems to me to be a plutocratic oligarchy masquerading as a democratic republic (or whatever it needs to) to keep people at their jobs, spending their money, and having children so there's another generation to fleece.

@PH--ov7tf

3 жыл бұрын

@@steven2183 - I agree with you 100%! The majority of the posts are uninformed, credulous and immature in nature. It seems that these individuals haven’t read a book or significant article in a long time. Cheers and good luck.

Scott Galloway is MY FAVORITE GUEST Bill has had on in a long time! Holy shit he is RIGHT!

@MariaPetrovaNYC

3 жыл бұрын

he's got his own weekly KZread show - Prof G Show

@seanjones2456

3 жыл бұрын

@@MariaPetrovaNYC Thank you SOOOO much! I am a fan.

Love it ! From Alabama 👋💪🧨

What we really need are more misunderstood labels. When someone tells me to read a book, I always respond by asking which book. Maybe I've surrounded myself with all the wrong books.

@AyeCarumba221

3 жыл бұрын

People are always telling you to “read a book”?

@dskwared2u610

3 жыл бұрын

@@AyeCarumba221 I think Bill wants us to read something historical but maybe he didn't infer it and I just imagined it or the wine I drank is speaking. I know how much Bill enjoys reading his Bible so I'm not sure what book he means. I think he would qualify that as fiction. Maybe I'll just rent a movie instead. LUL!

@michaelmorningstar8645

3 жыл бұрын

Anything without a subtitle is okay.

Larry Wilmore, you STILL need your OWN damn show! But good to see you.

@romulus_

3 жыл бұрын

his show was mediocre, that's why it's not on the air anymore. not everyone can cut it as a host.

@Jambara

3 жыл бұрын

He had his own show... it failed.

@michaelmorningstar8645

3 жыл бұрын

When he anounced that The black women on his panel were all better than Steven Spielberg but weren't given the chance to show it I was out. I'm not interested in anyone's racist propaganda.

@CHodgy

3 жыл бұрын

He's a dullard

Intelligent conversation....I love to hear it....its so rarely available.

Nailed it over and over

His honesty is _so_ refreshing!

Didn’t agree with Scott on his “woke” comment, but definitely here. In pure Capitalism, there are NO BAILOUTS. You fuck it up, YOU’RE OUT.

@mikitz

3 жыл бұрын

The problem is that during the Great Depression, they did actualize true capitalism in that way and everything went straight to hell for absolutely everybody. The point is that there would have to be serious rules so that no company would be powerful enough to demand public bailout (a.k.a. socialism) all the while regular citizens have to deal with the harsh realities of true capitalism when shit hits the fan. Socialism never works, especially in the form of 'corporate socialism' (sounds like an oxymoron while it is not).

@f8accompli238

3 жыл бұрын

@@mikitzIf socialism didn’t work, neither our government employees, our military, nor our politicians would receive pay checks. None of them compete for pay on the open market. They are paid with public funds; socialism. When the U.S. bails out an industry, they should either become a government entity OR they are subjected to such high regulatory scrutiny that they might as well be a gov. entity. Socialism does work and Scandinavian countries prove it. So too does Communism. In fact, Cuba would be the crown jewel of the planet if the U.S. would lift the embargo it imposed in the 1950s. They’ve managed to survive this long with the U.S. foot on its neck. Imagine what they might do left to their own devices.

I like how I can fast forward through Scott's monologue

I love it when people talk in an upbeat manner about things that they don't understand. Priceless!

If your premise begins with the reductive position that the opposite of capitalism is commuism/socialism, or vice versa; that it's a one-shot deal, all or nothing, one or the other, then you probably are only really trying to sell something, and can be safely, and advisedly, ignored.

@Laura-xs3te

3 жыл бұрын

Off topic for a sec. I absolutely love Daria

"The evils of capitalism are as real as the evils of racism and the evils of militarism" - MLK Jr., 1967

@MrSteeJans

2 жыл бұрын

Especially when one profits off of the other. Capitalism is math. It is sociopathic......but many unethical people tie it to democracy and freedom.

Absolutely right! Greedy people have discovered that socialcapitalism is the easiest way to go!

Larry is spot on! Social security was the last time the government answered the question "What have you down for me lately?" And did a good job for the people.

Capitalism and Unfettered Capitalism are two totally different animals .

@shacktime

3 жыл бұрын

The US has neither. It instead has sovietized kapitalism.

@mani225456

3 жыл бұрын

Sooo, it's not real capitalism?

@shacktime

3 жыл бұрын

@@mani225456 What is “real” capitalism?

@mani225456

3 жыл бұрын

@@shacktime This is. I was making a joke since conservatives commonly mock socialists the same way. "Not real socialism" argument. If USSR was real socialism, this is real capitalism. Any other claim is disingenuous.

Dude over here says a thing that rarely happens is what we can call "Capitalism". As the famous saying goes, "Ask a Capitalist to describe what's bad about Socialism and he will describe Capitalism."

@toni9890

3 жыл бұрын

Yes sir

@AWSVids

3 жыл бұрын

This video was just three people who’ve been brainwashed to think they’re “Capitalists” bending over backwards to say we need more socialism without saying “We need more socialism.”

@toni9890

3 жыл бұрын

@@Stu0808 western “democratic institutions” have ruined other countries cause they’re scared of the idea of them implementing socialism, socialism would benefit everyone but these rich capitalist assholes.

Thank you Bill.

HEY BILL (and staff) Upload the rest of the discussion -- it was stellar! *(i was forced to resort to watching a bootleg of the full episode) Don't skimp on the uploads, as this is one of the better episodes in a while, and Scott Galloway makes some profound statements.

If you have not heard Galloway's prediction for the future of education it is worth a listen

@shmookins

Жыл бұрын

Thank you. Where can I find that? Is it a book, or an interview, or article?

Oh lordy, here Bill goes again channeling his inner Stuart Varney...

@Ward413

3 жыл бұрын

@Joseph Norm Yet you guys are here every week watching his show, intentionally taking the least charitable view of everything he says so you can be triggered and pretend Bill is just "looking out for his millions." Lol what does that even mean? Yes, of course - Bill is secret plant by the corporations and Fox News man! He's hired by the elite to keep the people dumb! Get a life. You people are pathetic.

@moisuomi

3 жыл бұрын

@@Ward413 Lol

@UToobin75

3 жыл бұрын

@@Ward413 Bill is just very set in his ways, that much is painfully obvious. And most rich people will support capitalism until the bitter end if it means that they won't be taxed an extra cent or have to pay their employees an extra dime.

@Ward413

3 жыл бұрын

@@UToobin75 Bill is definitely set in his ways - that I would totally concede. There's been many times where I'm like, "Come on Bill... really?" But since when is supporting capitalism an issue? Capitalism isn't the problem - it's the perverse form of it America has created, along with other developed countries. Capitalism was suppose to be: you and I both open individual bakeries but yours is more successful than mine because you make some bomb ass brownies or cake - or whatever the fuck bakeries do - and you also do that at a better quality at a lower price. My bakery fails cause I'm a jackass who charges way too much for dog shit products that no one even likes cause I don't know shit about running a bakery. So mine fails or, at the very least, yours is more succesful in every measurable way due to your loyal customer base, your quality products, and your fair prices. In todays version of Capitalism, even though I have the inferior product and I suck at life and don't pay my employers shit, I lobby a congressman with my daddies millions and agree to bankroll his next campaign so I can get him to pass some arbitrary regulation that makes it harder for you to run your bakery but easier for me to run mine. That way I have no competition. See the telecommunication companies for real world reference.

@TheFamousMockingbird

3 жыл бұрын

@Joseph Norm he's got to keep as much as possible so he can pass it down to that wife and children he doesn't have

Good to see Prof. G on Realtime!

pity HBO does not post the full show.... because people outside the US would much appreciate!

@erikt454

3 жыл бұрын

You can often find them within the first 12 hours or so of the broadcast.

@kamaurahamukti5919

3 жыл бұрын

@@erikt454 I know thank you. but I wanted HBO to read it😉

Prof Richard Wolff is excellent on deep diving all economic theories

Scott Galloway is keeping it 100, and Larry Wilmore's take was weak tea.

@newcarpathia9422

3 жыл бұрын

In Larry's defense, it's like scheduling Barry Manilow after Van Halen. How the hell do you follow that?

@josh77577

3 жыл бұрын

Scott sounds like a libertarian which is an absolutely terrible idealogy. Cronyism is bad and same with the so called "pure" capitalism that he is advocating. Bill was right in his old segment where he advocated for "Capitalism Plus". Take the good from capitalism and take the good from socialism and combine them together. This is also known as a social-democratic society or well-regulated capitalism.

@stephenbeacham9717

3 жыл бұрын

But Laaaary got applause.

@mrwascallyt9865

3 жыл бұрын

@@josh77577 some scandinavian countries seem to do well under that system

@rushmoresociety2577

3 жыл бұрын

@Anurag Chakraborty ::: Give us an example of one that's actually tried....

Love all three of you.

I love this show so much. Much love from Nigeria!

Finally a great Maher show --both guests were brilliant. Also enjoyed Bill starting the show denouncing communism and ending the show extolling it :) Nice bounce back from last week' show, possibly the worst ever with Bill harummphing with Megyn Kelly's histrionics .

@artlover4668

3 жыл бұрын

Oh for goodness sakes, China is a Communist nation, in name only. Totalitarian, but nowhere near Mao's vision.

@quarter_moon_and_a_guitar

3 жыл бұрын

@@artlover4668 It was so bizarrely moot--name one sane person in America who desires Mao's vision, or Jinping's for that matter

Man, we need more people like Mr. Galloway.

Finally a good Guest Bill!!!

Larry is so smart. He deserves his show back. Very few places that had the debates they did.

Dude reminds me of Bruce Dern

@shacktime

3 жыл бұрын

Good catch🙌🏼

@miggans21012

3 жыл бұрын

Who? Just kidding I'm 55 so I grew up with his films. Lol.

They’re talking about definitions: Democracy and Totalitarianism are concepts and models of government and social structure. Capitalism, Socialism and Communism are concepts and models of economics of production of goods and services. Stalin governed over a Communist Totalitarian state. China’s Xi currently governs over a Capitalist Totalitarian state. In the West, there are Capitalist Democratic states and also some Socio-Capitalist Democratic states (Mixed Economic Democratic). It depends on how you combine the concepts and models. N.B.: Communism doesn’t kill people, totalitarianism does.

@ryancappo

3 жыл бұрын

I agree, except I would classify China as Socialist Totalitarian (that gets stuff done). Although there are different types of socialist economies too.

@PH--ov7tf

3 жыл бұрын

@@Stu0808 TOTALITARIAN REGIMES IMPRISON AND KILL PEOPLE. PERIOD.

This episode last night was fantastic

Finally we are talking about it.

Americans always think that there are 2 sides to an argument: good guy with a gun vs. bad guy with a gun, Democrat vs. Republican, Capitalist vs. Communist, Pepsi vs. Coke. That is not true. There are many flavours of capitalism, of socialism, of feudalism, mixes of the three. There is authoritarian capitalism, there is libertarian capitalism, same with socialism. There are various combinations of the two with different cultural peculiarities depending on the country. There are also various levels of corruption mixed in. It is much more complex than black or white. For example, everybody thinks of Singapore as a capitalist success story. Yet most of the real estate there is government owned. The political system is quite authoritarian. China is politically Communist with some capitalism in it's economic system. Sweden has some socialism in it's social safety net and high taxes but has a thriving capitalist economy. The devil is in the details.

@Haijwsyz51846

3 жыл бұрын

Singapore is indeed very authoritarian. People are not allowed to chew gums in public. People without higher education are limited to the number of children they could have. This is actually a human rights violation yet we don't hear about it.

@Haijwsyz51846

3 жыл бұрын

The thing is that the so called communist countries are so labeled by the West. China actually calls itself socialist and it wants to work towards to a state where everyone is equal, interpretation communism. The truth is that the cronism here consider paying a fair share of tax communism. In their mind, keeping all the profit and distributing all the loss is capitalism. It is perhaps capitalism to themselves because they would get to keep all the capitals no matter win or lose. Indeed that's the ultimate capitalism to the few.

@PB-hn2wh

3 жыл бұрын

@@Haijwsyz51846 "China wants...where everyone is equal"? Jesus Christ, this is the furthest thing from the truth.

@Haijwsyz51846

3 жыл бұрын

@@PB-hn2wh that's what they say. It doesn't mean that's what they do. Every government has talking points to make its citizens to believe in them.

"WE" never tried it.

@johnvenuti1844

3 жыл бұрын

Also, “PEOPLE” don’t read history

@Games_and_Music

3 жыл бұрын

Yeah, that was kinda lame, i'm not specifically an advocate for Communism, but you can't just judge the system on its players, i mean, you could've pointed to Tramp and say that Capitalism doesn't work, people suck, but any system could work on paper, it just depends on the intention of the people in power. I do agree that greed and selfishness is a main trait of mankind, so that does make it more difficult for Communism to work in _favor_ of the people, but it would be much fairer on everyone *IF* it worked.

@Games_and_Music

3 жыл бұрын

@Danny Archer I'm not advocating against a hierarchy, every pawn is useful, and it shouldn't be that a CEO of an airline makes millions, while average Joes have to struggle to make ends meet. Nobody _needs_ that CEO that bad, it's an inflated worth, they still need to buy groceries and get their trash picked up, people doing those jobs shouldn't have to struggle either. I'm not talking about Stalin Russia, but take something from the known systems and make it work. There's no reason why giant corps should be exempt from taxes, that's billions worth just adding to their coffers, why does the average Joe always have to chip in? Straighten it out, that's basically all that is needed, finding that middle road.

@johnvenuti1844

3 жыл бұрын

Danny Archer you clearly haven’t read Marx, have you?

@girlandtheglambo9870

3 жыл бұрын

My mouth dropped when he said that. We have never tried communism 😂

Scott and Larry on the same show??? Fvck yeah!! We need more of this.

Good discussion

See The Laundromat- depressing movie.

@mecarr

3 жыл бұрын

Not a great well to sell us that movie.

Is.. is Scott cosplaying as Larry, or is Larry cosplaying as Scott?

More videos like this please!!!

Damn straight!

"need to be more loving and empathetic with people and harsher on companies." Yep, that's a definition of capitalism we can all get behind ✌️🤷🏿‍♂️

I love what Galloway says. It's one of the best articulations of the current facade we have today. I do take exception to one particular point: empathy. I agree - we need to have empathy towards people, and be more harsh on companies - absolutely! But empathy is not part of capitalism. True capitalism is math. It is sociopathic. Capitalism doesn't care if you succeed or fail any more than gravity cares if you fall down. So, to say capitalism is the best system, but also say that you need to have empathy is actually a contradiction. I think we need a compromise of the best of both - elements of both capitalism and socialism on the way up, and on the way down. The problem is absolutism - the American psyche operates in a culture of binary logic - everything is a zero sum game. Elections: a two party system means you always either win or you lose. There is no option or mechanism, for compromise. Everything within American culture is always distilled down to one of two absolutes: black vs. white, red vs. blue, left vs. right, liberal vs. conservative, capitalism vs. communism/socialism (which are the same thing to many 'Muricans). This is the fuel that perpetuates increasing polarization and partisan mindsets. There is no middle ground, and so the competing forces are constantly framing the conversations in all one or all the other......and so everything is distilled down to absolutes, and you just keep going back and forth attempting to achieve absolute domination on both sides. Bill is equally guilty of applying the same partisan arguments. Just look at how he opens the framing of the conversation with the false pretence that the US is a capitalist country.......and Galloway beautifully straightens him out with what may be the best description I've heard yet.

@claiminglight

Жыл бұрын

Of course you're right, Paul. But I don't think you can squeeze nuance out of most people. Sure- you can try and explain what you just said. And maybe Joe Six Pack will nod and politely agree with you, adding something they once heard on a tv show. But then that familiar dum-dum fog will pass over their brain. They'll turn back to their grill, flip their hot dog, and all that unpleasant thinky-think will fade away and vanish. That's not Joe's fault: that's the default human condition. And when you're dealing with collective intelligence of a group it only goes down from there. Politicians who win elections learn to embrace that. And while the intelligentsia can and should debate matters, the general public doesn't have brain space for that. Joe Six Pack just wants to be told which flag they're supposed to be flying.

Excellent show tonight. Happy to report, I did not order anything from Amazon during the last year, and probably the years before that also. I made the conscious decision to go to local shops and buy things there. The convenience of Amazon did not seduce me.

,,,,,,,,,here,from land o' lakes,wi............this is why we watch this show..................go,Bill go.!!!😯😯😯😯😯

Scott Galloway in 2015: “Like, Comment, Subscribe!” Scott Galloway 2021: “All social media companies are corrupting your children.”

@dBFunky

3 жыл бұрын

I'm OK with that. Stuff happens over a 6 year span. To me, "on second thought" or "I reconsidered" are the words of a wise person.

I'm young but I'm not an idiot and nor are my generation - like Prof Galloway said, we don't want Communism - we want (as Bill Maher has talked about for years) so called "Capitalism Plus" - more regulation to promote competition, give access to basic services like education, health, emergency services, basic shelter and water. Yes, people need to pay for it, and the only reason people pick on youngsters is that they think they're not working - they are, but in poorly paid, temporary jobs or jobs serving a new economy structure. These recent spending package remind me of historical stimuluses that did turn the economy around, but still required people to work - Britain, China, India, and the GI bill in the US. The one issue with the last is that access to property and some opportunities were denied to minorities and this stark gap between the modern rich and everyone else today was created by that. So many people renting instead of owning outright and having miniscule savings. It may be cheaper in the short term but in the long term and emergencies it hurts - tax the rich and properly to avoid dodging, prevent them from inflating the market and make sure the money goes towards services that help communities, and away from police and corrupt officials whose budgets are inflated, promote certain companies and perpetuate poverty amongst minorities.

Who loves ya Scott!!! Great job.

I watched the whole episode and Scott was on point on everything he said!!

Nobody rants like the Dawg

This Scott Galloway guy knows what's up.

@terriej123

3 жыл бұрын

Why? Cuz he says it forcefully?

Scott is the man, love this!!!!

Awesome

What we have isn't a form of Capitalism. In Capitalism, it's about building capital, and capital is money you then invest into other areas or have in the bank for when time gets rough. In whatever economy we have, it's all about profit. Profit is the money that is kept, and that means eating away at the capital, cutting costs, even necessary ones, and then begging to the government to bail you out because you blew any insurance you had.

@xxxaragon

3 жыл бұрын

not trying to be a douche. but that awfully sounds like those that argue that "so far there weren't any countries with an *actual* communist system".

@GiratinaofFury

3 жыл бұрын

@@xxxaragon What it sounds like is a system that's going to be unsustainable in the not too distant future. In order to keep such a model running, the government will have to keep bailing out companies that spend all that money on unnecessary gold plated salaries and lobbying senators, but to keep the working classes in a position where they don't rise up and rebel, they need to give them barely above absolute poverty, but with insufficient money coming in, because of tax cuts and corporate hand outs, the debt just increases and increases, and soon the banks that these countries owe money to will realise just how much has been put on the credit card, and then demand it all back, and destroy said country's credit rating. At which point, it'll all come crashing down.

Capitalism is fine if it’s tempered with socialized policies like universal healthcare. 🇨🇦

I've been saying this since the 90s I knew it would get this bad back then.

Yes, yes, yes! to Prof. Galloway!!!

Bill Maher: "Communism. We tried it." Ummmm, say what? Wait... when? I think someone should read the books he keeps insisting other people should read.

@Mersault26

3 жыл бұрын

He means we as in humanity.

@shacktime

3 жыл бұрын

Yeah, he flubbed that one pretty badly. I’m not a communist but there’s never been a communist country. And this proves it: “Under no pretext should arms and ammunition be surrendered; any attempt to disarm the workers must be frustrated, by force if necessary.” -Karl Marx

@JustBob-sw4rf

3 жыл бұрын

@@kyhaven9413 But creating such a classless society has been tried in the Soviet Union, Cambodia, Cuba, Communist China, etc. and it’s NEVER been achieved. They always end up as just another hierarchy. In most cases the members of the communist party, especially the leadership, become the new privileged class. (Brings to mind the line from ‘The Who’ song - “Meet the new boss, same as the old boss.”) Thinking that all of humanity can be turned into an egalitarian utopia despite tens of thousands of years of human history showing the exact opposite is communism’s childish naivety. Might as well believe in Santa Clause or the Easter Bunny. Sadly, tens of millions of people have been murdered by communism’s advocates in their effort to force humanity into being something that goes against it’s very nature. “I’ll make you people classless, if I have to kill every last one of you to do it,” paraphrasing of coarse Mao, Stalin, and Pol Pot.

@kellibarnhouse6591

3 жыл бұрын

@@JustBob-sw4rf : Russia and other so called communist countries is just another word for Dictatorship!

@dutchymcdutch2553

3 жыл бұрын

@@shacktime Bullshit. Communism has been tried. This notion that they weren't communist enough in the Soviet-Union, Cuba, N-Korea, etc. and if they were it would have succeeded is ridiculous.

I like Scott Galloway! He is completely correct.

Preach it you lovely man.

Ive been saying this for years....But in order for capitalism to work you need a solid dose of socialism in there Social programs for the masses financed by capitalism....like they do in Scnadinavia and Germany

@patrickdoyle9304

3 жыл бұрын

Or Ireland or France or Australia or pretty much any other western “ capitalist” country