While this guy was clearly a sociopath, it bugs me even more that everyone just didn't care and went along with it

@gwynbleidd1917

Жыл бұрын

Capitalism is a hell of a drug.

@justcommenting4981

Жыл бұрын

Me likey money

@gwynbleidd1917

Жыл бұрын

@@Martell-XO sounds like another sociopathic ultra wealthy guy with a room temperature IQ named Elon.

@dominicfucinari1942

Жыл бұрын

@@gwynbleidd1917 And Charles and David Koch were cooking it behind the scenes until the Citizens United ruling of February '010 provoked the world to look into them.

@gwynbleidd1917

Жыл бұрын

@Dominic Fucinari i mean reagan rolled out neoliberalism in the 80s, and revoked the tilman act which paved the way for citizens united. But leftists around the world have been saying capitalism is dogshit for literal centuries. America has just been so lost in the sauce and so damn good at indoctrinating its citizens with pro-capitalist propaganda, to the point that it's ingrained in our society to see actual leftist ideologies as evil.

So, basically the CEOS learned, metaphorically, to take much of the company's stuff to the pawnshop, run up the credit cards, and leave before it all collapses.

@michaeld4861

Жыл бұрын

Sounds more like literally than metaphorically. lol

@Eibarwoman

Жыл бұрын

It's also why corporations collapse faster than they used to.

@hypatia4754

Жыл бұрын

Leaving the taxpayer to pay the bill.

@willardchi2571

Жыл бұрын

@W1erdThOughts - They always make up some economic theory as cover for every new way the wealthy loot the economy. The current term is "shareholder value."

@wildfire9280

Жыл бұрын

Shareholder capitalism as its finest. Allegedly, hostile takeovers by -venture- vulture capitalists had to get the ball rolling, too many ‘corporate statesmen’ who reined themselves in.

That $417,000,000 payout could have funded about 8,000 employee salaries for a year. This guy who wanted to get rid of corporate bloated was the problem.

@TheEireknight

Жыл бұрын

Jack Welch didn't want to get *rid of* corporate bloat, he wanted to *be* corporate bloat.

@InventaChris

6 күн бұрын

Most CEO pay is in stock coupons NOT CASH.

@louisinese

5 күн бұрын

@@InventaChris it said he had 900 million in stock in the video, the other amount was cash

The super tanker to speed boat analogy is so perfect. Because speed boats don't work as business tools, only carry 1-5 people, and are much more fragile than a super tanker. Kind of like GE and most american businesses today!

@ChristopherBatson

28 күн бұрын

(Forgive me, I know this is a year old) Not to mention, considering that a super tanker makes trips across the ocean, that speed boat ain't making it to shore unless it just straight up breaks from the tanker like in the video.

@TopHatWarrior

28 күн бұрын

@ChristopherBatson Hey, this video still getting interactions a year later is a great thing.

@JesseMessage

4 күн бұрын

Businesses worldwide 🌐

@TopHatWarrior

4 күн бұрын

@JesseMessage Contrary to popular belief, most businesses run around the world are small, family owned ventures that are far more robust than these mega corps in the US.

@JesseMessage

3 күн бұрын

@@TopHatWarrior like which for example?

It's pretty obvious what happens when someone's entire plan is profiting through dehumanization and exploitation. this lesson has played out several times, even in US history. It's exhausting.

@Fister-kw5un

Жыл бұрын

Dehuminazition and exploitation are very subjective.

@xXRenaxChanXx

Жыл бұрын

@@Fister-kw5un No they are not. They are very much objective. Whether you like it or not.

@genb4374

Жыл бұрын

@@Fister-kw5un That's a subjective opinion from your side that happens to be objectively false. Don't get it mixed.

@dominicfucinari1942

Жыл бұрын

@@Fister-kw5un If One America News had their way, the general United Statish populace would be nothing but chattel to be bought and sold between billionaires. Based on what I know about Robert Herring, he could really be that evil.

@lowwastehighmelanin

Жыл бұрын

*especially in US history; capitalism got its grips in the US super hard because of enslavement. Tell me you're not Black without telling me. :|

It's worth noting that GE is really a shadow of its former self. This fact is concealed by good pr and clever accounting. When you gut a company, it eventually becomes too crippled to compete on the same level. Of course, by then, the gutting CEO has collected his bonuses, sold his inflated stock, moved on to another company or retirement.

@grmpEqweer

Жыл бұрын

Vulture capitalism.

@PlaySA

Жыл бұрын

I inherited some GE stock from my grandmother when she passed. Not a large amount, maybe 10k. Thank goodness I sold it at a high point because now it's worth much less than that, and GE hardly even factors into international technology or industry anymore.

@BmoreAkuma

Жыл бұрын

If one looks at the price of the stock historically, the GE stock was at it's highest when he left. It has not reached that point ever since.

@wildfire9280

Жыл бұрын

And then they’ll pin the blame for the fall on unions.

@user-hv6wb5gk8p

Жыл бұрын

@@BmoreAkuma Makes sense. He made a lot of decisions that drove up short term profitability, boosting the stock price to unsustainable levels because shareholders believed this could continue. In his quest to cut inefficiency he sabotaged the companies future. Which is why the scheme started breaking once he left.

My son went to uni for five years and as a music and language student he was struck by how weird the finance and business students acted, going to class in suits and carrying brief cases..

@aliannarodriguez1581

Жыл бұрын

Funny, what I remember about business majors was how much time they spent at the pool and how rarely they seemed to study. It was widely considered one of the easiest majors you could take. That’s undergrad though 13:29 , I can’t speak for those in MBA programs.

@boathemian7694

Жыл бұрын

@@aliannarodriguez1581 my son was in a Canadian school, and recently

@unoriginalname4321

10 ай бұрын

Walking into the business school at my university was like walking into a different world. The kind of world that Orwell would have written about.

@user-wz1qo1cn3i

Ай бұрын

@@unoriginalname4321 The business classes at the college I went to were horrible, it was like a lot of older students sitting around in a circle and complaining about their jobs, usually with Westinghouse, and a lot of unhappy nurses. Unfortunately, that was just before the end of Westinghouse.

@Jsmoove8k

8 күн бұрын

that’s how they gotta perform, if you want that job right out of college lol they fully take on that identity

Jack Welch is the single worst thing to happen to the American economy.

As someone who's been a hardcore lefty most of their life, I've always kinda hated Reagan simply because I'm a lefty... But as I've actually *learned* how much he fucked over the American people, I've truly grown to loathe the man. Also: F.D. Signifier + More Perfect Union = Yes please

@winninglifeyo

Жыл бұрын

@The Metamodern damn you came in just as it was being ripped away & you entered prime working years as it was being gutted every where. At least I was born into in 84 & by 1998 I was wondering why the hell no one saw the issues. By the time I got my 1st real job at 16 in 2000 I saw we our a debit based society bc nearly 8/10 customers paid for groceries w a credit card. No cash, no check, no debit card. Credit card hundreds of dollars in food & back every other day for odds & ends - always on credit. People couldn’t afford it without credit. If credit collapsed today we would be in a worse depression than 1930. Credit is the only thing propping anything up for anyone not the top 10%

@thenaiam

Жыл бұрын

I immigrated to the US in '98, and had no idea (colonized thinking and all that). It has been a process of learning that has brought me more and more leftward, and FD has been an essential part of that in the last year. I love seeing him collaborating with others in the YT community.

@randibgood

Жыл бұрын

Me too. It seems like every single day (probably more like once a week, but...) I find yet another reason to hate him. Union busting. Mental health system destroyed. Trickle UP economics. Arms deals. Wealth disparity. Killing the middle class. Killing the American dream.

@randibgood

Жыл бұрын

​@@winninglifeyoThe thought of a credit card makes me want to throw up. My husband and I live a cash only life. The house and all 3 vehicles are paid for. I haven't seen anything I am willing to go into debt and make a monthly payment on in years. So thankful.

@danf4447

Жыл бұрын

@@randibgood all with this jovial good guy...self assuredness as he ruined the life of millions

The ethos of business has _always_ been, "It's nothing personal, it's just business." There was a period in US history (1930s-1970s) where employees were actually valued and management treated labor as an investment (or more precisely a tax dodging vehicle) rather than an expense. Jack Welch was the man who changed all that to the way it is today, using the influence of gullible businesses and their magazines. Jack Welch is the guy who set us back 80 years because he wanted to be the richest guy on the planet (and after the tech boom of the 1990s, it's clear he failed). We're slowly re-learning the lessons of the 1920s and 1930s, like "Don't allow unrestricted market speculation" or "Don't allow child labor" or "Oligarchy BAD".

@BtK-gn5hb

Жыл бұрын

Ppl like Jack Welch, a culture of greed and selfishness destroys entire empires in just a few generations it seems.

@yoeyyoey8937

Жыл бұрын

Oligarchy is bad until they want you to support foreign conflicts with your tax money 🤷🏼‍♀️

@alexanderredhorse1297

Жыл бұрын

it's always "just business" when they are firing, cutting benefits, and destroying working class lives. it only gets personal when the working class fights back and it's starts cutting into their "just business." just like how the billionaires pay media (ALL large media networks in the US are controlled by a few billionaires) to paint any working class leader, movement, and the like. it's demonization, the working class is "lazy, evil, terrorists" - that doesn't sound like "just business" to me.

@lokijordan

Жыл бұрын

Welch likely knew that NAFTA was coming and "buy American" was on its way out. Without American businesses held captive to the American worker, they no longer needed to pretend to be patriots and provide workers with benefits. You know, Welch's business approach almost sounds like he "discovered" an already occupied country, then gutted it's indigenous populations before bringing in foreign workers (whom he paid slave wages) and then remade the country, -I mean company- in his own image to serve his overlords. Yep. Capitalism, American-style.

@amethystdream8251

Жыл бұрын

And even during the 30s-70s, it's not like women's labor was appropriately valued, whether it served only men or the human collective as a whole. Humanity has been struggling with the concept of humane business and labor practices for a very long time. Welch is just one person that significantly made things worse.

When you talked about the Business Roundtable statement in 2019 I was sure you were going to say they reaffirmed Welch's philosophy since that's what they're actually doing. For those not old enough to remember him, Jack Welch was basically business Jesus. Every CEO wanted to be him. He was revered as some kind of higher being by government types. When I was young I just assumed he was amazing. The more I learn about him the more I realize he was everything I hate about selfish business bullies. Thanks for the lesson F.D.

The Collapse of American banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping 200k stock portfolio, what's the best way to take advantage of this bear market?

@jamesgeorge5896

Жыл бұрын

@Jane Viella I find your situation fascinating. Would you be willing to suggest a trusted advisor you've worked with?

@jamesgeorge5896

Жыл бұрын

@Jane Viella Thank you for this tip. It was easy to find your coach online. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé

I’ve worked in corporate America for 10 years bouncing between billion dollar operations and I gotta say this hits HARD. I learned (the hard way) that these mega corporations only care till the end of the fiscal quarter. I’ve been asked to do some really dumb things because it’ll “look good this quarter” but screw us over in the next. I was confused for a long time until I realized this simple fact. Shareholder corporations act as if the entire company will be liquidated every quarter and make decisions on that. Once you recognize this, all their decisions make perfect sense.

@hawkeye9793

Жыл бұрын

Fear based leverage of the bottom line mentality.

@Happytravellerkimmy

Жыл бұрын

It's one of the things that makes capitalism so unsustainable: quarterly reports. The expectation is growth every three months, no down turn. I'm not into communism but Marx was right about capitalism being about infinite growth with finite resources. And these quarterly reports and legally required prioritizing sharholders ensures we are all tied to an unsustainable economic model run by sociopaths. It's going to be the end of us.

@MichelleHell

Жыл бұрын

It's funny because of how desperate they act, while also exuding a sense of longevity and relevance.

@theultimatereductionist7592

Жыл бұрын

"Shareholder corporations act as if the entire company will be liquidated every quarter and make decisions on that." THIS point needs to be made MUCH MORE OFTEN.

@gninja92

Жыл бұрын

@@Happytravellerkimmy examine communism without tying its previous mistakes to its future potential

At a strike in France a few years ago some workers left the picket line and bricked up the door to the CEOs office! - to leave the office he had to climb down the outside of the building!

@markfreeman4727

Жыл бұрын

i wish that example was followed more widely

@craffte

Жыл бұрын

beautiful

@theboyisnotright6312

Жыл бұрын

Yeah we could learn a lot from the French.

@janeblogs324

Жыл бұрын

The guy who starts a French strike/riot/protest history channel will be very popular

@Padraigp

Жыл бұрын

I fucking love the french. Viv la reblucheon!

Welch was born working class and then decided to kick down the ladder of working class employees after he made CEO sounds about right.

What you said about GE owning insurance companies is related to my concern about Disney and Amazon buying up so many busminesses. Disney isn't just buying its competition, it's buying pharmaceuticals, media, food etc etc. To me this is horrifying

What is troubling, simply put, is how many people think of him as a HERO

@kimobrien.

Жыл бұрын

Of course all of the elite at the Universites love their neighbors at the school of business and economics. This is the philosophy of neoliberalism and Milton Freedman. Copied by Bill Clinton and sold to Gorbachev and Putin. . .

@kickhuggy

Жыл бұрын

He is a hero. To villains. These companies aren’t our friends

@Prodigi50

Жыл бұрын

@@kickhuggyThere’s plenty of working class people that still look at him like a hero.

@normanvename4404

Жыл бұрын

I know. And all the simps that think of Elon as a hero. Let's make the billionaires extinct...asap.

@peterkotara

Жыл бұрын

I will never understand the American public's willingness to vote against their own interest.

And he made sure that no working class 25 year olds would ever be able to make the equivalent of 107k a year again

@andrewnell7358

Жыл бұрын

to be fair he was a professional, not working class. Chemical engineers earn basically the same now

@Sultan-bm7ey

Жыл бұрын

@@andrewnell7358 107k back in the 80s or 70s was worth a lot more than now because of inflation, which means he earned a much bigger paycheck than todays chemical engineers

@MrRyan-wu4jx

Жыл бұрын

@@Sultan-bm7ey I believe the original comment is already adjusting for inflation.

@Skank_and_Gutterboy

Жыл бұрын

The American dream is alive and well--for guys like him. For the rest of us: wage-grade or a contracted temp, working for nothing. It's real easy to chalk it up to kids being lazy. When they see crap like this all over the place, what are they supposed to think? I was able to labor under the delusion that they gave a crap about me and I made 6 figures in my 30s. The kids today know that they mean exactly Jack and sh!+ to a company.

@Skank_and_Gutterboy

Жыл бұрын

@@Sultan-bm7ey How about the late 60s when Lockheed and Boeing engineers were making $40,000/year. In today's dollars, that's $350,000/year. How many engineers are making that today? No wonder these guys were taking their wives and kids on vacation to Europe and the Orient.

This is one of the most life changing videos I've seen in the last two years. My jaw has dropped. You might want to consider adjusting the title to make it clear how deeply influential this brand and source of evil has been.

It drives me insane that this sort of behavior is exactly how the Great Depression happened, and people just keep doing and letting people do it. What do any of them think is going to happen?

Basically he took a credit card on the company and maxed it out and kicked the bill down the road

@hawkeye9793

Жыл бұрын

What's so interesting to me is that these huge financial entities seem to have endless credit, loans - the so called corporate welfare - and average citizens are very penalized for missed payments, a missed mortgage payment and the bank repossess the house.

I worked at General Electric during the time Jack Welch was CEO. He was a turd. GE was previously an engineering corporation but under Welch, it became a company that grew profits every Quarter. Welch sold off future profit making divisions for immediate profit (that meant that Jack Welch would be outperforming future GE CEO's). The fact that foreign countries are eating our lunch is in no small part due to Jack Welch. By the way, the factory that I worked above (I was in engineering) had a one-week shutdown to save money. It was a GE decision yet if someone hadn't acquired enough vacation time, the state unemployment office setup a desk on-site to process one week of unemployment benefits for workers out for a week... Defense Contractor GE, a multi-billion dollar corporation at the time, never hesitated to exploit it's biggest customer : the US Taxpayers.

@hawkeye9793

Жыл бұрын

Thank you for your analysis ! 🙏 Can you tell me which major company Defense Contractors GE invests in ? Inquiring minds

@arcanondrum6543

Жыл бұрын

@@hawkeye9793 Not invest, manufacture. GE makes Bombs (their factory got a cameo in Michael Moore's "Fahrenheit 9/11"). GE makes jet engines (fighters, transport, Helicopters, Littoral ships, even Tanks have turbine engines). GE has competition in jet engines, re: bombs, I am not sure. There are plenty more examples. GE is to weapons what USB port makers are to smartphones. Just a supplier to a bigger product but very profitable. The Iraq War cleared GE's inventory of bombs. What "luck" for GE, bombs have a shelf life. "Smart" Bombs are a financial scam. Taxpayers are charged 20 times more for a "Smart " versus "Dumb"Bomb but it's a few dollars of parts on a "Dumb" Bomb, to move the fins when the laser sensor detects the laser that someone on the ground (for instance) uses to paint a target. Well over 90% of Bombs that the USA drops are "Dumb".

@markfreeman4727

Жыл бұрын

thats seems to be to be the mindset he started 'fuck the future make me money now!'

@ChestZeroeski

Жыл бұрын

Thanks for your time Mr Drum. I have questions

@saxongreen78

Жыл бұрын

Pre 1980s US made GE consumer products were some of the best, most durable appliances ever built...if you find an old item with GE on it, the thing probably still works. GE is now the ghost of a husk of a company...terribly sad.

My first job after graduating college was at RCA. 6 months later, GE acquired RCA. Taught me at a young age to not trust my employer and take care of MY career, not my employer’s business. So I oet GE pay for my Master’s Degree and found a better job with a startup company immediately after upgrading my skill set. It took two startups and a long stint at a company that valued its employees to fix that attitude. Until I worked for a company run by Mark Hurd… I quit there even though I was considered a superstar (and highly paid) because I saw that company going Welch-style. So I took my desirable skills to a new company that doesn’t screw its employees. THAT is what Welch-style management does. It incents your best employees to act selfishly and take their skills elsewhere.

One of the biggest contributors to the ever growing disparity in wealth and the disappearance of the middle class. All of us and our loved ones live in a significantly worse world that we should , just because of him. May he rot in hell forever.

He was known as Neutron Jack since he destroyed many American jobs. Way overrated since he underperformed the S&P 500. Unfortunate since Welch management team members influenced many companies. I was an engineering consultant in manufacturing and watched our manufacturing gutted over the last four decades. GE is in poor shape today.

@UXtatic

Жыл бұрын

Serves GE right.

@stoodmuffinpersonal3144

Жыл бұрын

​@Tanya Davies but did Weltch get off to easy? He was the mastermind. He should pay the most.

@stoodmuffinpersonal3144

Жыл бұрын

And he's also why We have Jim Cramer lmao

@GhostOnTheHalfShell

Жыл бұрын

yup, I remember a work colleague (older than I) remarking on Chainsaw Jack after he’d been gutting GE. “There goes the social contract”.

@rsr789

Жыл бұрын

Jobs? LIVES! The man is a killer... how many kids whose parents were fired by him and lost their income stream and medical services died? Tons.

He's sounds like such a chipper human being. Dude was a straight up Captain Planet villain

Fascinating slice of history! The thing that surprises me the most is that so many people who aren't in the CEO class went along with it! It's still buckwild to me that companies aren't supposed to think of their customer first, then employees, then investors, in that order. Learning about why investors are at the top and not the bottom of that list is fascinating, in the way a wreckage on the side of the motorway is fascinating

You’ve done a great thing creating mainstream accessibility to a capitalism horror story typically reserved for outlets like The Wall Street Journal.

It's crazy how a few greedy people can cause so much havoc.

@Social_Pugatory

Жыл бұрын

And he praised for it as geniuses! While the tax payers hold the tab 😂 more greedy abs nefarious than genius. But in America 🇺🇸 these are the same thing.

@alexanderredhorse1297

Жыл бұрын

when the government is structured in such a way of course - it's a bourgeois dictatorship. under a proletarian dictatorship the few greedy would have very little power (though they would still have their capital which would need to be given back to those who work it).

@Rich_P_Anya

Жыл бұрын

One match can burn the forest down

@MrRyan-wu4jx

Жыл бұрын

Occupy Wall Street 99%ers had the right idea. It was just an incredibly uphill battle they weren’t organized enough for and weakened by many individuals attaching their own additional causes too.

I interned at GE in the early 2010's. Not quite Jack Welch's nightmare, but I remember getting an email from the CEO bragging about how they managed to legally avoid paying any taxes. That was the start of my realization that I couldn't stomach working for corporate America.

@hawkeye9793

Жыл бұрын

What was your alternative ?!

@jasonkoroma4323

Жыл бұрын

Fuck taxes.

@JohnJRM

Жыл бұрын

@@hawkeye9793 Academia. It's not perfect but at least there's some semblance of working for the public good.

@hawkeye9793

Жыл бұрын

@@JohnJRM " Wisdom is better than silver and gold, I was hopeless now I'm on hope road..." Lauryn Hill , "Lost One " from The Miseducation of Lauryn Hill.

@al73r

9 ай бұрын

As a fellow ex-ge employee I can say I recall that email. They also used the renewable windmill boom to get paid by the government and pay 0 taxes.

Curse be Jack Welsh descendants. I had a horrible work experience. Feel disposable. Endlessly worry about being rated need improvement, and getting fired.

Kinda reminds me of Digital Equipment Corporation. In their peak, they were a leader in Big Tech, 2nd only to IBM. When they switched CEO's in the early 90's, it all seemed to go downhill. My dad worked for DEC, and I've seen others talk about it alot; they have all sorts of stories and nicknames for the new CEO, none pleasant. Kinda looks like he was just ripping straight out of the Welch playbook.

One of my uncle's on mom's side made a career at GE. They recruited him right out of college, he graduated magna cum laude as a mechanical engineer. Started in 1958 and rose to VP of Operations by 1970. He helped make them into what they were before Jack took over. He didn't talk favorably about the new CEO and retired soon after he took over. He just turned 90 last month, but he looks about 70. Clean living does that. Along with a healthy pension plan!

@derekedmondson9909

Жыл бұрын

It also helps if you live your life so that you like the person in the mirror…and *that* requires clean living, social empathy, and honesty. Jack Welch had and did none of those things.

@bwkimble

6 ай бұрын

Awesome. That new Ceo was......lol. I am a product of this man. He fathered me. 😢😅

I knew I smelled the ghost of Reagan up in here

@kimobrien.

Жыл бұрын

This is the way capitalism works. It a system that only serves the interests of a tiny minority of billionaire bosses.

My father worked as an electrical systems engineer for RCA from 1957 or so until retirement in 1988. He worked on the communications systems for the Apollo moonlandings. I was with him when he retired along with over 100 other RCA engineers, all collecting their lump-sum benefit, because GE had taken over RCA 2 years or so earlier. We knew about Jack Welch at the time.

I remember working in Connecticut as a management consultant in the late 1990s-early 2000s. In that capacity I worked on a project at GE. While interviewing one of their managers, I learned about their practice of firing the bottom 10% every year. Let's ignore how challenging it is to realistically define who is a bottom 10% performer. Every new hire has a very short period of time to prove they belong, so survival is more important than anything, including learning how to do your job or building relationships that allow for the type of innovation and collaboration that enable major improvements in performance. Maybe the first year, you get rid of a number of folks coasting along, but pretty quickly you will be cutting productive people and managers will start colluding to get rid of folks they don't like. Also the fact is orderly quarterly growth is a numbers game, an accounting manipulation game, not the result of true innovation. On top of that, the corporate atmosphere became even more cutthroat and vicious. What else would it be when increasing shareholder value is all that matters? It was also clear that it was unsustainable.

Interestingly in his later days he had lots of interviews where he admitted in 2009 that "shareholder value" strategy is "the dumbest idea ever" and one should balance caring for workers, clients and business assets equally. But he created the meme, the damage had already been done.

@YourCapyBruv_do_u_rmbr_3Dpipes

Жыл бұрын

Interesting. Maybe he developed a better sense of ethics in his later years. Too late unfortunately. Damage he did was already done.

@Rizky06

Жыл бұрын

Yes he may get a less sharp eternal poker up his a-🤬😈

@greatesttoysevermade3693

Жыл бұрын

Foxhole religion?

@NobodyCaresAboutIt

Жыл бұрын

Yeah, sure. He suddenly developed ethics after ruining thousands of people's lives? Nah. That's that death bed absolution BS. This guy was a ghoul, pure and simple.

@yamataichul

Жыл бұрын

If he felt some ounce of remorse later in life that's not sociopath behavior but privileged behavior. I'm glad more ppl unwind the idea that leaders earned their status instead of being bread and born into it

This report was dope, bro. It's life changing because it explains to me exactly why businesses run in the way that they do. I wanted to know how the stock buyback scam started and jack welch was the fucker who started it. i'm going to share this with everyone i know. keep up the good work!! i would like to see a profile on the guy who kicked Steve Jobs out of apple, john sculley. i believe his presence in silicon valley changed the culture and philosophy there for the worst during the early 1990's. please focus on what he actually did at apple and how those changes affected the way business is done in tech. he was only in SV for a brief time, yet a lot of what he did has been adopted by every SV company since then.

@DipayanPyne94

Жыл бұрын

Was Steve Jobs a good guy, according to you ??

@dominicfucinari1942

Жыл бұрын

@@DipayanPyne94 I'm not sold on the idea of letting Jobs' ghost take the blame for Sculley's malfeasance just yet.

@DipayanPyne94

Жыл бұрын

No no. I am not aware of the deeds of Steve Jobs. Was he a good guy or bad guy ??

@raiden72

Жыл бұрын

@@DipayanPyne94 I watched a couple documentaries And apparently Steve Jobs was a definite a****** according to many of his friends. He was really weird too, he took acid and got rid of all of the furniture in his house so that he was just sitting on the floor with nothing in the room.

@bovinityleak2066

Жыл бұрын

Stock buy-backs used to be considered stock manipulation and was illegal till the regan admin stepped in in the early 80’s. Regan strikes again 😡 There is said to have been a 40,000% increase in stock buy backs since that time. A forty thousand percent increase!

As a new manager I was advised by my 'superiors' to fire 10% of my department every year. Now I know why.

I spent 22 yrs at Hertz Rent a Car in corporate sales. For years our senior management espoused quotes and philosophies from Jack Welch. They thought he was the greatest business person in history. Eventually after Ford sold Hertz to a private equity group these same people gutted Hertz with special dividends to themselves and destroyed what was once a great company. The Moody's rating went from A to C. Last year Hertz was $19 billion in debt and the stock price had tanked after going into bankruptcy. After they were delisted on the NYSE they started selling new shares until a judge stopped it. Thousands of employees were shed and customer service suffered. Hertz was once the dominant company in the industry. Now it is a joke. Yeah that Jack Welch philosophy is just great.

@aliannarodriguez1581

Жыл бұрын

That probably explains how Hertz wound up going down the bizarre path where they declared rented cars stolen instead of fixing their inventory system. So many unsuspecting customers were getting arrested that everyone I know was terrified of renting from them.

He made "rank and yank" a common business practice: rank employees on a strict linear scale, then cut the bottom 10% every year. Does amazing things for morale. Works wonders for cooperation amongst coworkers. It's also why GE went from a once mighty technology company with world-class engineering talent to a pathetic shell of company filled with bored consultants doing financial engineering. There's a whole generation or two of MBA's that worship this wanker too. They LOVE the fact that he always made "snap decisions" and try to emulate it.

@Analysta654

Жыл бұрын

Exactly. I was one of that generation of MBA’s who was taught to “worship at the alter of the genius of Jack Welch” but, I can say that I never really bought it. Maybe that’s why I. Ever became a fortunate 500 CEO…but I digress. I always thought he was way overrated, even while I was learning keys to his success, like six sigma, and efficient capital utilization, blah, blah.

@joeblow3990

Жыл бұрын

@@Analysta654 Jack Welch was not just overrated. Jack Welch was a SCAM ARTIST. Jack Welch undermined a once powerful and profitable company called General Electric. Jack Welch left a company that was HOLLOWED OUT, an empty shell of a company. Immelt, Welch's successor continued Welch's disastrous policies. GE is no longer a DOW JONES component. Jack Welch ditched long term corporate success in favor of short term profitability. Welch had only one thing in his mind: Keep the Wall Street analysts happy. The tragedy that is GE today shows the folly of Welch's approach.

@TheTillmanSneakerReview

Жыл бұрын

"Snap decisions" = Decisions made without dealing with consequences created for people outside of your bubble

@TheTillmanSneakerReview

Жыл бұрын

@@Analysta654 he "introduced" those ideas and great methodologies to drive his arbitrary pseudo science. His premise was simple; look at what's making money what's not, without analyzing why GE was already so successful

@theboyisnotright6312

Жыл бұрын

Well if your an MBA by definition your a wanker.

I'm Gen X and have always thought of stock buybacks as a sign of weakness, a harbinger of doom, and something done as an act of desperation. When I learned companies were doing this as a matter of course, and openly without covering it up, I was pretty disgusted. At least it can be used to get a pulse on the nation's economy. There is propaganda, and then there are the actions committed by the market and corporations. It really is true. Follow the money if you really want to know what's going on.

@BluetheRaccoon

Жыл бұрын

It used to be illegal, viewed as stock market manipulation *because it is*.

@robertginsburg8113

Жыл бұрын

The recent corporate tax breaks under the Trump administration created a huge incentive for buy backs. Companies suddenly were flush with extra cash which could have been used to grow the companies but was instead used to buy back stock creating a false impression of growth. Considering CEO's get bonuses based on stock value anyone could have predicted what was going to happen. What CEO wasn't going to give himself a multimillion dollar bonus?

@marymccluer1630

Жыл бұрын

"Follow the money" is a great mantra.

The most important part of this very awesome piece was at the end. What it would take to restore the balance of power back into the hands of working people. I won't say never but next to never, will that happen. This country has spent decades adding and rescinding laws to keep the working class powerless and poor. If you want power and money, you have to find a way to fight and take it. No one is coming to give it to you out of the goodness of their heart. Capitalism has become as dark and Darwinian as you can imagine and more is yet to come so spot spending and start stockpiling your money if you want to survive.

Early career layoffs that were cost cutting measures that I was too young to identify have me indifferent about the pain of industries I used to work in. After two degrees and working an easy to keep job for 5 years, I’m finally ready to chart my own path. I have one “household” name on my resume. I accepted less in that job just so the longevity shown on my resume will open doors for *more* now. The short story for me is don’t entrust your image to temporary work, contact work or brands that are *not* global. You want that global company’s name to speak for you. If that company is global, it has many departments that you could have worked in. If you are seeking a new position elsewhere, the new company will take you more seriously. The global name requires less explaining in an interview. A competitor will put a good person in a different department if they think it hurts the competition. Move up by moving out!

You should do a video on the anti-labor Vance Muse, who created the idea of so-called "Right-to-Work" laws because as a white male Christian nationalist oil barron in Texas, he was worried about white women and black men being members of the same organization. We shouldn't forget how much of an awful creation he foisted on workers and our economic system. Michigan only undid being a "Right-to-Work" state this year.

@lbjcb5

Жыл бұрын

That would be a great video!

Until workers aren't seen as easily expendable poker chip pieces to be discarded as necessary - and it will take better labor laws to get that- yeah it will keep happening. Until this shit is regulated away, these guys will help themselves to every cookie in the jar. No one else matters.

@Rizky06

Жыл бұрын

Unless the world goes completely against the U.S. the American worker will have diminished power.

@mind_of_a_darkhorse

Жыл бұрын

The problem is that they own the government and the Supreme Court helped with all these SuperPacs!

@YourCapyBruv_do_u_rmbr_3Dpipes

Жыл бұрын

@@mind_of_a_darkhorse for now yes, unfortunately. But it is possible to try to create a real People-first party here. Undisputed corporate rule is for the birds.

@BleedForTheWorld

Жыл бұрын

Regulation is not the only way to make meaningful systemic change. The French know how to protest. America doesn't.

@stoodmuffinpersonal3144

Жыл бұрын

CEOs are expendable. Not the workers. It's so damn backwards.

This is as good as a report can be… You really hit it right with the focus on stealing billions from the very people who did the actual work. Thank you for doing this.

Fascinating video! Jack Welch was a superstar in the 80s. They loved him but I always mistrusted him for his ruthless globalism. Glad his fraudulence and manipulativeness have finally been exposed!

Layoffs can cause a lot of harm. I've had friends that have had their lives turned upside down by them. They came out okay eventually, but took 1-4 years to completely get back on track on average. I'm willing to bet the large majority of layoffs in the US are not really necessary, that a workable alternative could be found if the ownership or management really wished to.

@adamofblastworks1517

Жыл бұрын

Didn't you just post the same thing a minute prior to this? The only difference is you said "1-3 years" in the previous comment.

@YourCapyBruv_do_u_rmbr_3Dpipes

Жыл бұрын

@@adamofblastworks1517 yeah I amended it lol. It's probably been longer than that in some cases and then theres my case, which is kind of unique which I don't count as a layoff as part of mass layoffs, but it was a layoff/letting go over a fairly unfair issue which set off a long chain of bizarre setbacks for me.

@gwynbleidd1917

Жыл бұрын

This is what happens with capitalism. I highly recommend you read Michael Parenti, or Marx & Engels to get a really good understanding of why capitalism does this and it's inherent contradictions. Audiobooks of all the authors I mentioned are easily accessible for free on youtube.

@YourCapyBruv_do_u_rmbr_3Dpipes

Жыл бұрын

@@gwynbleidd1917 oh I no I get it. The mindless drive for ever-higher profits spares no one. At a minimum we need this firmly regulated against. I haven't had a chance to read anything by these two yet but I look forward to sitting down and doing so. I've been on the left for quite a while now.

@gwynbleidd1917

Жыл бұрын

@• Happy Capybara Space Force 🌠 • 17 yrs ago forsure. Regulations can always, and historically HAVE always been reversed. If you really are on the left, then you're anticapitalist. Only in America does anyone falsely think they're a leftist when they're pro-capitalism lol. If you are really on the left, and not just a standard US liberal, then I highly recommend reading anything by Michael Parenti, and Wage Labor and Capital by Marx.

congrats to MPU for getting FD Signifier to make a video shorter than an hour!

@thatguyyouhatealot

Жыл бұрын

Do we know this guy isn't a fed? Anyone on Breadtube is suspect.

@BigHenFor

Жыл бұрын

​@@thatguyyouhatealot How do we know that you aren't a Fed? Pick up your tin foil hat on the way out. You're on a social media platform. The Feds are already here. It doesn't matter. As long as you have a vote, there's hope.

@zimboy9921

Жыл бұрын

@@thatguyyouhatealothe is cornbread tube

Im liking this channel more and more, bringing on Second Thought and FDSignifier

"GE was known as a supertanker. Welch wanted a speedboat." To continue the metaphor, then he should have built/bought himself a speedboat. Supertankers can handle the storms they encounter on the open sea. Speedboats are fine for shallow, inland seas where they can take shelter if the weather is too bad, but traveling the open ocean is risky. There's a reason the American Economy can't weather recessions like we used to. Our economy is centered more on making sure the rich have plenty of toys than on making sure people have jobs and can pay their bills.

I remember those days. It was so weird that people in the early 80s thought unemployment was because people were buying imports.

FD + More Perfect Union = Omega Based

There has to be something between a lackadaisical ambivalence towards profit and efficiency and being run by the saw villain torturing their employees in the name of making a number on a graph go up. Regulations would go a long way. Ban stock buybacks, they provide nothing of value, unless they're conducted by general employees. And if you're going to be at will, the how about having decent social welfare nets and abilities for workers to retrain and enter new industries.

One reason this persisted is we lack a counter-argument to this strategy. If you dont want to make money what else should you do? Well the answer is take a long term view of company sustainability, but that is hard to measure. We need a framework to explain to new MBAs why reinvesting into your company pays off in the long run.

Yeah he did. I remember reading some bogus business success book a long ways back where he very openly defended it. Even at the age I was when I read it, long before I ever had any awareness of labor issues or had political views, I knew something didn't sound right about it. All we need is a few laws on the books intended to prevent mass layoffs in all but the most severe conditions- which recognize the dignity and rights of all workers, and that reiterate that workers are in fact human beings, not simply smart drones, and their stability and income matters at least as much if not more so than CEO and shareholder profit, especially when profits are already well beyond projections.

@JohnT.4321

Жыл бұрын

What is needed is a system change because a few laws under capitalism usually get rewritten in favor of the capitalist class.

@YourCapyBruv_do_u_rmbr_3Dpipes

Жыл бұрын

@@JohnT.4321 that is true - there's no guarantee they won't be weakened in the future, there is the risk of that under our current system, but we need to start there, and hopefully we can use these hopefully much-better laws as stepping stones to push for broader change down the road. Also, I'm way on board with the need to push for freight rail nationalization. It's really pathetic that's it's been privatized all these years.

@JohnT.4321

Жыл бұрын

@@YourCapyBruv_do_u_rmbr_3Dpipes A Republican told me this in the early 1990's, if it don't make a profit, privatize it. To make needed changes we have to vote Third Party since the two existing parties are in service to the capitalist class.

@YourCapyBruv_do_u_rmbr_3Dpipes

Жыл бұрын

@@JohnT.4321 yep. 100%. The red-blue uniparty grift is a scam. They're for Wall Street/the big money, and no one else. Unfortunately 97% of current voters still don't get this, even tho it's been this way, with a few exceptions, forever.

@dominicfucinari1942

Жыл бұрын

@@JohnT.4321 Why would they have such a great outlook on running everything like a corporation even after they're aware of the conflicts of interest that profit motives sow in the public commons?

There's usually a trickle of Reagan when these videos present where it went wrong in American capitalism.

@phiksit

Жыл бұрын

The Reagan revolution = Race to the bottom

I remember seeing you early on and thinking I wish he had better production. Seeing you now this is fantastic and your hard work shows!

I always wondered why GE products have always been crap when we've bought them, but my older family members still claimed it was a good and "trusted" brand.

@tinaperez7393

2 күн бұрын

Go to an independent appliance dealer and ask the sales people what they'd buy for their own selves and family. Ask appliance repair people and second hand appliance stores what they'd buy new (or beat brands to buy old and what eras). Ask a good NON dealership mechanic what he and his family drive and would buy today and why. What they'll say will usually be not just the knowledge of the best brands and why but a mini education on the state of that industry -- aka who used to be good but after a certain year became crap and why, what lasts 4-6 years, what lasts forever and why (some things still do), etc.

Glad to see FD doing a video with More Perfect Union! Jack Welch was absolutely despicable. Unions also got obliterated during his rise in the 80s. His influence is indeed still costing the US jobs, less alone jobs that provide equitable wages and benefits. Its sad that the media championed this dude.

@tinaperez7393

2 күн бұрын

God he was an egotistical pr*ck. He was on sooo many magazine covers and featured in all the mags and newspapers of the 80's thru the 90's, certainly all the business lit. I was a teen then but I was still aware of the top CEOs as icons and gods type stuff and "the culture of excess" (and cocaine) of the 80's in wall street, corp America and Hollywood, pop culture, etc. Including Donald and Ivana Trump making sure they were seen and photographed everywhere. And what I read and saw of Jack Welch even back then made my instincts' alarm bells go off. When I saw him on some famous business mag cover (or it could've just been Newsweek or Time too) wearing a suit and tie but without the jacket and loosened tie with rounds of ammo circling his torso, a Rambo style bandana on his head, a cigar in his mouth, war paint on his face, wielding an AR-15 style gun and lunging toward the camera with a maniacally gleeful expression on his face, under yet another meanness and cutting for profit glorifying headline, I thought omg this guy isn't great at all, he's got and is causing serious problems. But the media loved him. And no wonder - he owned NBC and founded CNBC. He owned his own mouthpiece and means of publicity.

The crossover I never knew I needed! 🔥

@Obiwancolenobi

Жыл бұрын

Not a fan of FD, but i'm glad he's joining this effort!

@wandervoltz

Жыл бұрын

This is amazing!!!

@stoodmuffinpersonal3144

Жыл бұрын

Same, OP. I agree.

I remember when one of my mentor gave me a copy for Jack's "Jack Welch & The G.E. Way" book and describe as the future of business leadership. In the next 20 years we've made executive, shareholders, India and China richer. Today 85% of Fortune 500 uses most of Welch business model. It's just a easy model to follow and it actually works.

@tinaperez7393

2 күн бұрын

"works" how exactly? Not at all for the long term health and interest of the companies, their workers, customers, or long term investors. It's just a run and gun, totally short term rape and pillage plan and get out fast, strip it for parts strategy that only benefits the CEO and execs planning to get out at the peak and the investors for the duration of that same period.

Hey F.D., glad to see you here at Perfect Union too in addition to your own! BIG UP!!!

My first experience with a mass layoff was my first full-time job with ABB Canada. Head office laid off half the plant. When someone protested this and asked when the plant was going to close. He responded with, "Economics consultants determined that the plant was produced twice the amount work that was needed. And the plant is not closing. I just invested $3 Million in the plant." I calculated the wage and benefits savings of all the lay offs they did in the 2 Canadian plants.... it was $3 Million. He also had both plants closed within 10 years.

@justcommenting4981

Жыл бұрын

I actually think that in some scenarios those factories should be required to be turned over to the employees. Like they would get 60 days to form certain predefined structures and hold elections for a few positions and the plant would be turned over to them completely. So the cost of a layoff would be borne by the company not the worker. Like maybe if you lay off 10% of workers in 12 years it triggers. They'd have to plan a more stable growth strategy.

@JohnT.4321

Жыл бұрын

@@justcommenting4981 A system change most likely bring collective ownership. Under the present system it just won't happen. Especially in the U$.

@grmpEqweer

Жыл бұрын

The real dead weight is at the top.

@justcommenting4981

Жыл бұрын

@@JohnT.4321 I think people would be amenable here if put in these economic terms. Problem is that so much has been obfuscated by philosophical navel gazing about race and gender and what they mean. People understand when you put it in terms of how you get paid.

@tuckerbugeater

Жыл бұрын

@@grmpEqweer Profits prove success or failure.

Bro what, I literally just started watching this legend for the first time today. The algorithm is me. He's me fr fr 😭

Someone (rightfully) read The Man Who Broke Capitalism. Keep spreading the good word.

just got into your work today have to say, beautifully edited, well researched and wildly informative work. Thank you for bringing to light the reality of the future that was stolen from us.

I remember a work colleague remarking on Chainsaw Welch’s first round of layoffs: “there goes the social contract”

Yooo FD, glad to see him on here. Real good story too. Explains alot about our current mentality about jobs and layoffs in general. We've gotten so mired in the soup of capitalism most people can only look at workers like pawns. Theirs to push around and sacrifice.

@hawkeye9793

Жыл бұрын

They've tried to remove the humanity from their workers with predictable results. I've seen reports of health issues ie new diseases being experienced by citizens of Silicone Valley that seem straight out of a science fiction novel.

I work for a company that follows this model. We went from a private company where you knew everyone with great benefits. We had people working for the company over 20 years. We got sold and the new owners took it public. People started getting pushed out. They focused on acquisitions and cost cutting, with no regard for the company or its workers. We are consistently profitable, but if we don't hit the numbers people get laid off. Our business changed to making numbers look good on a spreadsheet. Its honestly heartbreaking.

welch's book "Jack...." should be titled "Confessions of a Psychopath" because in it he has story after story of how he can not see any viewpoint other than his own. Getting "caught" with a woman (was it rape?) and being lucky for him not to be expelled from the university. Why the son of a man he fired would want to beat up his own son (unimaginable!) Why people called him "Neutron Jack". His wife divorcing him. And so on. friedman and welch made being a psychopath, not just OK, but desirable and every company began looking for their version of welch. Months after welch retired, Imelt was having problems and jack went in to help. Over time we learned jack's 6 sigma and other hacks were just for show to keep the con going until he was gone. Neutron Jack not only screwed GE, but the business world and its workers worldwide.

I was working at Sprint in the early 2000s when across the company they recommended we read this book because it was the future if you wanted to move up and get ahead. So I dove in to it and checked it out and was disgusted by what it look like at the top. I left the company not long after of my own accord.

Amazing, the downward spiral our world is in must look like a rocket to the top for CEOs like Jack Welch.

Glad to see HD Signifier on here.

Every dollar you give a company is one more reason for a company to not change how they treat you.

I wonder how many people went to his funeral just to make sure he was really dead. 🤔

@gwynbleidd1917

Жыл бұрын

I would've tried to piss on him if it was an open casket 😅

@janeblogs324

Жыл бұрын

Weinstein you say?

@crankyinmv

Жыл бұрын

Awww, I missed it 😐

I was laid off from my tech job. I wasn’t one of the highly paid employees. I can’t believe tech workers haven’t had a moment of realization that they need unions?!

@hawkeye9793

Жыл бұрын

In the US there's Union busting to the nth degree. Although I recently saw a KZread video short about the slap on the wrist Chipotle received for those tactics. Chipotle - initially such dry meat in their burritos & quesadillas and then it seemed to me that they received a real wake up call from some peon Chef who opined in via the Open source grape vine that LA Carne es secca aqui ! Strange. It was as if their Latino culinary knowledge base wasn't initially utilized. Odd, that. Now I really enjoy their tortilla chips con sabor!

@hyliannerd4541

Жыл бұрын

I also wanna get into tech and I hear many bad experiences of not having a union. I worked at Target and you know how Target are anti-union.

@beadmecreative9485

Жыл бұрын

@@hyliannerd4541 I have heard that Google employees are unionizing which is great because it’s a huge company. If the bigger names get unions, it’s going to break the glass ceiling and going to have a ripple effect to other smaller companies! Let’s hope and support every industry’s’ unionization efforts.

@hyliannerd4541

Жыл бұрын

@BeadMeCreative I hope so, too. Everyone deserves to be treated equally regardless of any background.

@hyliannerd4541

Жыл бұрын

@BeadMeCreative ironically, I was gonna get my certificates from Google yet they're laying off their workers. They should have kept their promise.

The question is, how do we get away from this? The biggest impediment is that consumers are complacent, and changing their behavior is the biggest challenge.

For many years i wondered whai was happening to raises, employee bonuses, workers' benefits, and retirement pensions. This account of GE Ceo Jack Welsh helps to answer in part what terrible things he did to his employees. Even worse, way too many employers are following in his footsteps.

Now because of this guy, we have a rise in billionaires but decrease in the middle class. The only we you can make money is to be a shareholder and the only way you can be a shareholder is if you have money.

My mother's father and my mother had those long term jobs - one job for their entire life, good pay and full benefits. When I hit the job market during the Reagan years I found fewer and fewer of these opportunities available. Just as you said.

The way this guy F. D tells stories just made me subscribe to the channel!

I love the casual tone he talks about his friend who works in government now. The expression is very apt!😂

Now, GE proper will soon be nothing but an aerospace company, with everything else that GE was known for now being made of separate companies, including a Chinese company making all GE-branded household appliances. This is what happens when you put profits and shareholders above everything else.

@kimobrien.

Жыл бұрын

Wall street couldn't be happier. This is just the natural way that capitalism works. As far as the bosses are concerned their only concern is losing market share to China.

@MK_ULTRA420

Жыл бұрын

Is China bad or something?

@slemire58

Жыл бұрын

@@MK_ULTRA420 YES!

@MK_ULTRA420

Жыл бұрын

@@slemire58 Sinophobia moment

@slemire58

Жыл бұрын

@fitaddiction 369 Disregard this Chinese corporate bots!

I was 18 in 81 . Blue collar workers got crushed .

@helenhettinger-hayes

Жыл бұрын

My dad was too it drove him to suicide in 1988. I was 5

@helenhettinger-hayes

Жыл бұрын

He worked at acme

@GrievenceCapitolist

Жыл бұрын

@@helenhettinger-hayes I just saw this . I'm so sorry 😔

@helenhettinger-hayes

Жыл бұрын

Been in and out of poverty ever since. Mom died of hep c in 2000 due to HEROIN. It's rough and Corps are one of the ones to blame.

It's F.D. Signifier! I love this guy's channel!

Great YT post! I remember how celebrated he was during the 80's and 90's. I knew something was amiss when none of his successors could duplicate his "success". Welch used every trick in the book to make the next quarter look better than the current one. Eventually reality and the world caught on.

Isn't General Electric crashing right now? Like they were considered the safest bet when it came to stocks and then they started losing prices? Short term gain long term loss. For the company at least.

@sycration

Жыл бұрын

They haven't made anything good since the 80s. None of those American manufacturers have. Seriously, look at Boeing, apparently they call those "airplanes" these days 🙄🙄

Love seeing FDS on this channel. Seeing leftists have their own unified platform is one of the top priorities for the cause. Between this and Means TV, this is great to see.

@kj_H65f

Жыл бұрын

I agree, I just wish they'd put channels like his in the bar instead of Breaking Points.

@aliannarodriguez1581

Жыл бұрын

This is considered leftist? I thought it was just a very clear and careful analysis of damaging business dynamics. I learned a lot. While you can take it as an example of the failure of capitalism, it makes it clear that, prior to this bozo, the workers, economy and country were served well by GE. Is capitalism inherently the problem? Or is it the way we are allowing capitalism to be practiced?

@yaboytroy357

Жыл бұрын

@@aliannarodriguez1581 they make it clear that this guy inspired the new wave of ultra-capitalism that America is experiencing. And yes this is considered leftist, as the main creator of the channel is Second Thought, who is a socialist, and runs a pro-socialism channel. And this is FD Signifier who is also a socialist, doing a critique on a capitalist.

Glad to see Fiq out here educating with confidence and couth

that "..he's in government now." cracked me up..🤣🤣

12 secs after post. FD = insta click

@lbjcb5

Жыл бұрын

Lmao that's literally my same train of thought.

This guy is a great reporter! Love his casual vibe and sense of humor. Glad I stumbled on this, you earned a new sub! ❤️

I'm kind of upset that KZread hasn't recommended this channel to me earlier. This was a great video - just subbed *with the bell* 🔔

Thanks for putting up this clarifying information. More people need to be viewing and listening to your site. Unfortunate still true the rich get richer and the poor get poorer. Adding to that they have less access to Healthcare and stable housing

I watch a lot of videos on the subject. This video is easily one of the best that explains our real problem in America.

The guy who filled his pockets with the money of the people he got fired was a "life-force made of love"😆

@edgarwalk5637

Жыл бұрын

"life-force made of love", yes love, the love of greed!

@marymccluer1630

Жыл бұрын

😂

I said this yesterday-as a White Scot whose country doesn't have many black people (England has far more in comparison) but we do have a section of Middle Eastern communities I only know things from reading and watching documentaries as well as long form essays on KZread which can be a minefield for someone in my position but I'm SO SO pleased I found your channel as you seem like one of those rare people on here who wants to give the truth about African Americans and explaining it to someone over the Atlantic to me I really want to thank you for this ❤ from 🏴󠁧󠁢󠁳󠁣󠁴󠁿

i am so glad you do this work!!!