Why do _you_ think corporate welfare is not brought up that often in political discourse? Also, don't forget to check out Joe's Common Sense substack: commonsensepapers.substack.com/p/political-economy-part-2-corporate-welfare

@franciscoacevedo3036

11 ай бұрын

Lobbying definitely is under mentioned and should be outlawed all together. Both parties specially republicans are overly dependant on these "non bribes"

@randomteenageboy5002

11 ай бұрын

@@franciscoacevedo3036not specifically republicans. It is roughly equal among the two parties. Stop making this a partisan issue dude.

@Potatotenkopf

11 ай бұрын

I'd imagine it was Reagan and his trickle down bullshit.

@InquisitorXarius

11 ай бұрын

Monopolist manipulations are why the issue is not brought up, we must use anon forums to form urban militias of entrepreneur and laborers and unite to protect the American republic and its free market from the Dixie Elite Parasites within.

@InquisitorXarius

11 ай бұрын

Blame Nixon, Reagon, and Clinton for this Neoliberal Trickledown poison. Also blame them for the erosion of the 2nd amendment. Blame them as well for Prohibition 2.0.

"Privatize profits and socialize losses" I wish every American got a pie chart each year showing them how their tax dollars were spent.

@Heynmffc

11 ай бұрын

USA! USA!

@BradyBubbuhgum-fh4ny

11 ай бұрын

@@Heynmffc HOORAH

@ICHope1

11 ай бұрын

And a piece of the pie to go with it. 😊

@BradyBubbuhgum-fh4ny

11 ай бұрын

@@ICHope1 and a firearm

@pokygadavis

11 ай бұрын

We do, and from government websites no less. You just have to google it www.cbo.gov/publication/58888 fiscaldata.treasury.gov/americas-finance-guide/federal-spending/

Theodore Roosevelt would be so disappointed if he knew big corporations got power again.

@ADRgman

11 ай бұрын

You’re so right since he was all about trust busting

@DanielKolbin

11 ай бұрын

ikr

@iammrbeat

11 ай бұрын

At least Biden is starting to (attempt) to trust bust again a bit. That's a big change from the last several administrations.

@jaredhebert942

11 ай бұрын

@@ADRgman not to mention Taft went just as hard in his trust-busting (if not more!), we really need to get back to that

@sloshedtrain

11 ай бұрын

@@iammrbeat that's true, but it's still baby steps of what needs to be done.

I never understood why the idea of a family with nothing being given a thousand dollars is outrageous, while the cruelest and laziest and wealthiest of us all being given a billion dollars is somehow a good thing.

@leyrua

11 ай бұрын

I assume that it stems from a _misconception_ that trickle-down economics actually works. It is assumed that a corporation being given money indirectly benefits the taxpayer, while giving money directly to another family doesn't give the taxpayer anything in return. But what they don't realize is that this assumption is based on a FLAWED perception of how the system works. They think it's like taxes paying for roads, when that's not actually where the money goes. Basically, It goes something like this: "Giving my tax money to corporations helps them innovate new conveniences for us. You WANT to have Amazon, right?" "But helping my neighbor doesn't help ME. Why should I have to pay for THEIR ." And then "taxpayer" often justifies this viewpoint by assuming that "neighbor's" poor financial situation was the consequence of something neighbor had agency in. If taxpayer can convince themselves that it isn't mere LUCK that they aren't in the same situation as neighbor, but rather that they avoided it because they were more financially responsible... Well, you get the idea. 😕

@OdyTypeR

11 ай бұрын

​​​@@leyrua Absolutely correct. The other big talking point is to give corporations tax cuts so they can "create jobs" and "lower prices for working families" They then take those earnings and buy back a bunch of stock to inflate the share price, layoff a bunch of people so they can overwork the poor souls left over and look profitable on paper, borrow against the value of their now-overvalued company to acquire their next biggest competitor, and repeat; until they have enough of a monopoly to _increase_ prices for working families. Who, incidentally, were forced to take lower wage jobs when they were laid off by the corporations above. I believe this is the ??? step of the _Underpants Gnomes Guide to Capitalism_

@c.m.81

11 ай бұрын

You really think you work harder than someone who runs a business ?

@Landricities

11 ай бұрын

@@c.m.81 Easily

@lovelyhomeboy1584

11 ай бұрын

​@@c.m.81 yeah problably they do but if thats the case it does not give them any more right to the taxpayers money than someone who needs help eith paying off medical fees.

My greatest concern is how to recover from all these economic and global troubles and stay afloat especially with the political power tussle going on in US.

@leojack9090

10 ай бұрын

Inflation can have a significant impact on individuals and their cost of living. As a result, it can cause negative market sentiment. It is important for individuals and businesses to find ways to navigate and potentially mitigate the effects of inflation on their finances. The current economic climate, including underperformance of financial markets due to fear of inflation, has led to a decrease in the value of my portfolio. I would appreciate any recommendations on how to potentially increase returns during this market downturn.

@TomD226

10 ай бұрын

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up $250k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

@lowcostfresh2266

10 ай бұрын

@@TomD226 Impressive can you share more info?

@TomD226

10 ай бұрын

​@lowcostfresh2266 There are many financial coaches who excel in their profession, but for the time being, I employ Laurel Dell Sroufe because I adore her methods. You can make research and find out more.

The nerve to pay out bonuses by using bailout money from the taxpayer is a level of evil that is almost impressive.

@sominboy2757

11 ай бұрын

thats what either JPMorgan or AIG did in 2008 i think

@neocortex8198

11 ай бұрын

honestly the use of that be punished by public execution, id argue bonuses for upper level management should be banned for any company with ANY DEBT

@AdamVassGal

11 ай бұрын

@@sominboy2757 AIG was the biggest offender. Criminal.

@TheZombieButler

11 ай бұрын

@@sominboy2757 oh yeah, Xer here I was laid off and watching news about the private hotel in Hawaii that AIG executives were going to for a conference. I'll never forget that.

@LokiBeckonswow

11 ай бұрын

well said, we need to eat the rich, it is the only way

Polititians have the audacity to give out money to big businesses, especially those failing, and then scream on the media that "the free market has failed us".

@iammrbeat

11 ай бұрын

lol true. There often isn't much of a "free" market.

@nimi-nae

11 ай бұрын

"The Monopoly market has failed us!" Is what they should be saying

@bradleyhiles889

11 ай бұрын

@@iammrbeat I agree completely. This is what separates the populists from the corrupt establishment. I disagree with you on many issues since I am more on the right politically and socially, but I am glad that we can come together as one to call out this corrupt Crony Capitalism. Personally I call it Conglomeratism since these companies control and influence so much (kinda scary how close it is to the textbook definition of Fascism). Anyway Mr. Beat, just wanted to say thank you for these videos and keep up the good work.

@osmanyousif7849

11 ай бұрын

I mean, of course they’re narcissists. What do you expect?

@maxdixonman

11 ай бұрын

I don't know what kind of free market wouldn't lobby/bribe politicians with money so that they would get a handout when they fail

Makes perfect sense since both political parties are corporate owned. Corporate lobbyists write the bills that often later becomes laws. We are no longer a Republic, but an corporatocracy led by a super rich oligarchy.

@trump45and2zig-zags

11 ай бұрын

100%

@leighbelk769

10 ай бұрын

How much does a lobbyist make? Just curious…

@McHobotheBobo

10 ай бұрын

This is the reality of all politics in capitalism - the predominance of capital

@haroldcruz8550

10 ай бұрын

Both parties giving a standing ovation to Isaac " Herzog in his capitol speech is all you need to know.

@nevisysbryd7450

10 ай бұрын

@@McHobotheBobo Corporations are not capitalist.

Any time I hear a corporation described as "too big to fail", I think it might be time for that corporation to be broken into smaller pieces that can fail.

@shuenshuen

10 ай бұрын

Too big to fail is quite literally the same as being able to get away with anything.

End lobbying. Bring back democracy without private financing of campaigns

@SERGEYTIMOFEYOVICH

11 ай бұрын

Ehhhh. Lobbying isn’t inherently bad. A lot of otherwise ignored people get heard because they send someone to DC. No monetary transaction has to ever happen in fact. I think what people are actually mad about is Super PACs and the likes.

@iammrbeat

11 ай бұрын

Here me out... How about Congress passes a law called the Equal Access Act, in which every citizen should have equal access to their representative? Eh? Eh?

@InquisitorXarius

11 ай бұрын

@@SERGEYTIMOFEYOVICHInstitute a wealth cap on lobbying then, if you have over 500 million USD in personal value or your company has over 10 billion USD it is illegal to lobby or make deals with Public Servants. If it is discovered you did so you will suffer non-lethal capital punishment for a set standard of 30 years.

@lephtovermeet

11 ай бұрын

​@@iammrbeatcorporation are people and money is equal so Mr Walmart can speak equal to you, but more equal with more money.

@davidteachout1888

11 ай бұрын

@@SERGEYTIMOFEYOVICH Well when they are having a wine and dine with Senators to push or halt legislation, that's just bribery without money changing hands.

Corporate welfare is the one issue that unites us, Yet little is ever done about it

@iammrbeat

11 ай бұрын

Let's change that. Bring it up to everyone you know.

@noejaun2540

11 ай бұрын

Corporate welfare is a bipartisan issue, politicians are all in favour of it.

@wholeNwon

11 ай бұрын

Unity is always an illusion. We prefer to dwell on those things that divide us. Social media will continue to stoke those flames until the end.

@linuxman7777

11 ай бұрын

Because we live in a corpratocracy, not a democracy. There is no connection between how you vote and what happens, unless you are a 1%or. For the rest of us, you are better off not voting and instead organizing and protesting.

@manipulatortrash

11 ай бұрын

its incredibly important that voters find politicians who will bring actual change. We often vote for politicians we just feel "safe" with rather than on issues.

As a UAW member on the edge of a strike due to corporate greed, and the fact they consume our tax dollars and tell us that its our fault they might go bankrupt while making 21 billion combined in the first 6 months of this year really makes this video hit home.

@BicycleFunk

11 ай бұрын

Best of luck with the strike!

@DamnYouMadeThisJ

10 ай бұрын

is there a place that we can donate to the strike fund?

@shuenshuen

10 ай бұрын

Whats UAW?

@BicycleFunk

10 ай бұрын

@@shuenshuen United Auto Workers

I like how you said near the end, “the left tends to criticize the businesses, the right the government, but what some don’t realize is those groups are often on the same team; a team which none of US are on” This is so true. Looking at politics itself, both political parties even have things they do to play for this super-team of the government and big businesses, which lends some credibility to the phrase “2 wings, 1 albatross.” The albatross preys upon the people and keeps us divided under each of its wings, and obscures its true intentions with partisan garbage that in the end is relatively trivial. I wish the general populace could see this and understand we all have a common enemy to wrangle. The combined force of Big Corp & the federal government is extremely powerful and oppressive and needs to be culled, from both halves of the whole.

the fact that the government still gives the fossil fuel industry free money despite everything is absolutely insane to me

@LokiBeckonswow

11 ай бұрын

if only we had a system where the interests of people were represented :(

@sojourner.

11 ай бұрын

The government also subsidizes green energy immensely. There is actually a trade war going on right now between the US, EU, and UK over who can offer the best subsidies to green energy research companies. It goes both ways. And frankly, that isn't even a good thing. It props up "green" companies that make no progress while real ones with less lobbying and advertisement power lose public interest and backing.

@t23001

11 ай бұрын

Some states are subsidizing solar and wind (S&W) to the point that natural gas and nuclear power plants are uneconomical. S&W are very weather dependent which leads to blackouts. In order to maintain grid reliability states have now added subsidies for gas and nuclear power plants. Hence all forms of electric generation are subsidized. Electric utility customers pay for all this through higher prices.

@crescendo5594

11 ай бұрын

@@t23001That’s not true. They subsidize those things in addition to providing road blocks to other forms of energy. It’s not just that wind and solar are heavily subsidized. Natural gas will always be the most economical option without any government influence, and nuclear will always be the cleanest in any scenario. If the government literally did nothing at all in terms of privatized energy, solar and wind would be leagues behind oil and gas, _and_ nuclear.

@marilena7848

11 ай бұрын

@@crescendo5594 You absolutely nailed it.

"And the rest of us? We're not on that team" This concept needs to be understood by more people, the primary goal of corporations will always be to enrich themselves and expand their power and influence, and when corporations are (now legally) allowed to influence politics, the government will inevitably neglect anybody who isn't "on that team"

@JonesCrimson

11 ай бұрын

IDK man, clearly there is a massive divide between the rich and the poor, but using US VS THEM mentality reeks of manipulation. I think nuance and skepticism need to be embraced.

@NothingXemnas

11 ай бұрын

"Now legally"? You vastly underestimate for how long the people with wealth or control over production controlled the government, or became the government itself... We historically got better at defining what the "state" is, but reality isn't bound to dictionaries... Edit: the "us vs them" discussion goes deeper. In fact, it is everywhere. "Capitalists" keep saying "government bad, corporations good", but that is all propaganda. The overlaps in powers are so grey and foggy that it is naivety to think giving power and freedom to corporations will solve anything, and same goes to the left; power to the state will not work either because "the ploretariat" (or... humans in general) is historically really adaptive to worsening conditions of life in general! ...am I turning anarchist? am i turning monarchist? oligarchist? idk anymore, why are humans so trash at ruling itself...

@stratecaster547

11 ай бұрын

​@@JonesCrimson the first step to winning a class war is recognizing when its happening. And the billionaire class is not only winning but running the board at this point.

@ZZWWYZ

11 ай бұрын

@@JonesCrimson sure thing , Jeff Bezos

@nickcarriero8274

11 ай бұрын

@@JonesCrimson alright bootlicker

Issues like this is one of the reasons why I hate mainstream news. I’m tired of people arguing over non issues.

I don’t remember where I heard this joke but it was something along the lines of “Make politicians wear patches on their suits with whoever’s bribing them like NASCAR drivers! Shell, ExonMobile, Monsanto, Lockheed Martin- then take a guess at why they cited the way they did!

Oh, boy! After a long, stressful week, there’s nothing like raising my blood pressure through the roof about important issues I can’t control by with my favorite KZreadr, Mr. Beat ❤ God bless my man

@iammrbeat

11 ай бұрын

😄😳 well sorry to raise your blood pressure!

@kiwikiwi4773

10 ай бұрын

This comment do be hitting home with me haha

@mariecarie1

10 ай бұрын

@@iammrbeat lol sorry, I was just playing! You’re all good 😊

@Quadrenaro

10 ай бұрын

Do what I'm about to do, and disappear into the mountains for a week. It's great for the body and soul.

Mr.Beat really is the type of person to lead a revolution with glasses and checked shirts

@warlordofbritannia

11 ай бұрын

The virgin Marxist-Leninist with their faux proletariat aesthetics Vs. The CHAD history teacher

@jeremiahwilson9717

11 ай бұрын

And I’m here for it

@kingace6186

11 ай бұрын

Education > Hammer & Sickle. Sorry, Marx.

@zake64

11 ай бұрын

@@kingace6186 I mean, yeah, level of access to education is one of the consistently greatest indicators of standard of living. Moreover, education is responsible for bringing millions out of poverty

One of Bernie Sanders main talking points was against big business. Both them not paying taxes, them being monopolies, etc. And he was popular, even doing well on his Fox News appearances. But the Democratic party conspired both times to make Bernie look super radical and unelecetable because they're in the pocket of big businesses. So yeah...

Mr. beat back at it again with another eye opening video. I’m someone who leans left on the political spectrum and I can easily say this video can easily appeal to my fellow Americans on the left and right. Please keep making these. They are very important

@zazasnruntz7505

10 ай бұрын

But it doesn’t 🤷‍♂️ most of us can think for ourselves. White people thought race meant everything until they found out they were poor now they want us to unite 🤦‍♂️🤣

I live in Wisconsin, where the state, Racine county, and the community of Mount Pleasant shamelessly put together an enormous package to lure Foxconn into the area. Guess what? After driving homeowners out of their homes, tearing down the houses, putting in millions of dollars in electric, water & sewage, and road infrastructure, and negotiating a huge water agreement for millions of gallons a day of water from Lake Michigan, Foxconn changed their minds. Instead of 16, 000 jobs, less than 150 have been created. No need for the planned ramp up in education and housing infrastructure. It was all a money grab.

@sominboy2757

11 ай бұрын

im right across the river in minnesota. it pains me to see you guys are still paying for the hatchet job Scott Walker did to Wisconsin.

@doomsdayrabbit4398

11 ай бұрын

The problem is that south Wisconsin and north Illinois haven't united to be the great state of Assenisipia yet.

@Tajmaj

11 ай бұрын

Wow. That’s sickening

Being a guy that runs a small to medium-size Corporation the issue or problem that I regularly see is the people that are writing these laws have never run a business before. So when a company gives these politicians a decent song-and-dance as to how it benefits society and prove jobs or does things of that nature they really have no clue whether that's true or not. I see the desire to bring more jobs and to help the economy but I definitely feel that oftentimes it always ends up very inefficiently spent with little to nothing to show.

@nimi-nae

11 ай бұрын

It also creates monopolies, or deals that function like monopolies, which puts other businesses at risk and ruins the free market.

@BlueClouds-tp2ds

11 ай бұрын

This has been a very persistent problem in any large organization on the planet, unfortunately. Bureaucrats, middle managers etc. need to make decisions based on limited, maybe even biased information spoonfed to them by someone else, since it's impossible to be an expert on every topic at once. This is why lobbyists hold so much power, even though most people on the street wouldn't even know a single one by name.

@wholeNwon

11 ай бұрын

The "song and dance" simply provides them with public cover. They couldn't care less about substance, it's irrelevant to their needs/objectives. Surely you realize that. If not, rather than running an honest corporation, perhaps you should spend a little time interacting with K Street.

@saturationstation1446

11 ай бұрын

why do all rich people use coke

@eldenringer6466

11 ай бұрын

Are you rich and if so can I eat you? (Pls)

Love to see you using your platform to talk about this. I feel like Americans can agree on a lot of the problems that were facing but not on solutions. Add in culture war stuff and all of a sudden we can’t agree on anything at all unfortunately.

I really appreciate the way you directly define words and display them. It makes your videos concise, direct, and very understandable. You're a wonderful teacher ❤

If a corporation is too big to fail, it's too big to exist. Regulators need to break them up into smaller corporations which can be allowed to compete freely in an open market

@iammrbeat

11 ай бұрын

I've heard this line before. It's a great line.

@maxi1ification

11 ай бұрын

Isn't that what ended up happening to the Standard Oil? Breaking it up actually ended up HELPING the economy, like you say, and it didn't even hurt the owner, it actually made him even richer

@IcePhoenixMusician

11 ай бұрын

In the past when I heard that line about businesses being ‘too big to fail’… I was confused… if it’s too big to fail, then why are you sending it money. You just said it can’t fail. (As in, I interpreted it as “it’s incapable of failing” instead of “it’d be catastrophic if it failed”)

@nickthompson1812

11 ай бұрын

So basically scrap our current banking system? Lol. Even small banks are too big to fail with how we use banks as investment vehicles.

@IcePhoenixMusician

11 ай бұрын

@@nickthompson1812 I mean, if that’s what it takes, personally.

Corporations receive financial aid from the government and still ship jobs overseas. We are subsidizing our own job outsourcing.

When AOC opposed corporate welfare for Amazon in NYC, John Stossel and Fox said she was talking like a socialist and didn't understand free markets. The problem is that while everyone opposes corporate welfare in theory, most people make exceptions for their pet projects.

I used to ask "When will this end?" It won't. Old and cynical now. It won't. Evil never dies. EDIT: Doesn't mean we should stop fighting, in any way! Just tired of hoping.

Ever since the military industrial complex, I was wondering whether you would talk about corporate welfare. I guess it was a matter of time haha... Thanks for the video. I feel like it will help me settle my views for the time being.

@iammrbeat

11 ай бұрын

Thanks Alon!

@franciscoacevedo3036

11 ай бұрын

​@@iammrbeatpharmaceuticals receiving public funds and smacking consumers on hyper high prices Elon running starlink 85% on public money and still trying to offload the functioning of it amongst other issues

The wealthier you are the more free benefits you get

@iammrbeat

11 ай бұрын

Absolutely

@JF-vw9lv

11 ай бұрын

Like food stamps, section 8 housing, pell grants, child tax deductions?

@shigshug8581

11 ай бұрын

@@JF-vw9lv Go downtown LA and talk to all the homeless people about their "benefits".

@warlordofbritannia

11 ай бұрын

No one ever got rich spending their own money

@nickthompson1812

11 ай бұрын

It’s expensive to be poor. The poorer you are, the more fees you will likely incur. Things like minimum balance in checking/savings accounts, PMI fees on home loans under 20% down payment, etc.

A really important video, Mr Beat! Personally I think ending corporate personhood is something that would dramatically reduce the power of big business.

"There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." - Warren Buffett

Don't forget the supreme court justices selling "justice" and making a mockery of any notion of justice in the process.

Mr. Beat, this video really shows your qualities as a teacher. No bias, no controversial statements or language, and reaching as wide as an audience as possible. Keep up the good work!

@rogergalindo7318

11 ай бұрын

there’s not such thing as “no bias” everyone has their biases having biases in itself is not wrong, what is wrong is trying to hide them, and not be forward with them

@Amanda-C.

11 ай бұрын

Sticking to only non-controversial statements only works until you need to say something controversial; i.e., something that someone with enough numbers and/or power disagrees with. Mr. Beat didn't actually go into any depth on how this topic is deliberately obscured from public view, how ads with scary phrases like "corporate welfare" are replaced by friendly slogans like stimulating the economy and driving job creation. It's limiting, to say you're going to always argue "both sides" or "the middle" and remain "uncontroversial". That just means that you're letting whoever has the most pull and the loudest extremists dictate what you're allowed to say and believe, because the moment someone shows up on the far end of any scale, the metaphorical center of gravity shifts towards them.

@OdyTypeR

11 ай бұрын

​@@Amanda-C. Exactly this. Mr Beat is trying to run an education channel, not an advocacy one. It is important to the core ethos of this channel to remain as "even-handed" as possible. Large parts of this story remain untold for the sake of the illusion of neutrality. (Well, that plus the algorithm doesn't reward 4-hour videos) Unfortunately, for those who watch this video but aren't inspired to do any further research, they are led to equate "bipartisan" with "both sides are equally part of the problem" and "neither side really tries to fix it" I've got 4 takeaways from the comment section to this video: 1) it definitely _did_ need to be made, because 2) there is a vacuum of knowledge about the problem. But it also needs an "honest" follow-up video, because 3) there is an even stronger vacuum of knowledge about who is fighting for the solutions. And I wish he would've been a little more faithful to reality than to the imaginary centerline, because 4) he's gonna get accused of being a "lefty" regardless of how hard he tries to avoid it. He won't advocate. I will. Support Justice Democrats!! (Sorry about being one of the voices on the extreme, except also sorrynotsorry 🤷🏼‍♂️)

@doomsdayrabbit4398

11 ай бұрын

​@@OdyTypeRJustice Democrats aren't the extreme. The extreme is people like me who want a full nationalization of any and all companies which take such extreme subsidies.

@OdyTypeR

11 ай бұрын

@@doomsdayrabbit4398 @doomsdayrabbit4398 Oh, I'm not trying to imply they are; I just think the commitment to not taking corporate donations or allowing corporate pac influence is a good model to follow. I'm way left of almost everybody in professional politics. And I'm an idealist but also a realist. I fully understand that _my_ ideal candidate would get like, 5% of the vote. So I vote as left as I can, holding my nose when I have to vote for a centrist to win a general election.

Great video breaking this down. Thank you and I've shared it with another, hopefully more and more people become aware of this issue.

The biggest problem with corporate welfare is the breach of faith committed by some companies/CEOs by misusing bailout funds for very unnecessary expenditures with impunity.

If a corporation is "Too big to fail", it really ought to be owned by the people (the state) and democratically accountable.

@8is

11 ай бұрын

No, that's an extremely inefficient way to run an economy. If the government needs to bail out an important company, they should just replace the management and take partial ownership of it selling its share when the company has recovered. It worked out great when the government bailed out the banks in 2008, the banks recovered quite quickly and the state even made a slight profit by doing so.

@A_reasonable_individual42

11 ай бұрын

I don't know about that one sounds too close to socialism and can be inefficient in the long run.

@aaa232ds21

11 ай бұрын

No, but let it fail if it gets close. Capitalize gains and losses, not just gains.

@InternetMameluq

11 ай бұрын

It's not to be owned democratically; it is too big to exist. The problem isn't that a company is oligarchic, democratic, or autocratic, the problem is that no private entity should have so much power. Soviet countries don't 'work because they have workers at their heads' they sucked too. There is no model of megacorporations that can be made to work.

@InternetMameluq

11 ай бұрын

@@aaa232ds21 I don't think you understand what you're saying. You can't 'capitalise the gains'; when a disaster occurs due to corruption and malfunction, like Chernobyl or Wuhan, the loses are incurred communally. If Amazon collapsed over night you and I would feel it for years, despite not having a monetary tie to the corporation. That is too big to exist, and it's a threat to our security. The right size for a company is small enough that it could vanish off the face of the Earth, and nothing changes.

A majority of American voters across the isle agree that corporations have gained too much power, the cause of the issue & what to do to address it is where people are split on

@AmianteTarvoke

11 ай бұрын

Corporate corruption in government is like rust on a tool. One side says let's remove the rust, the other side says let's remove the tool.

@arkadiosvotessocialist8436

11 ай бұрын

Actually, the split is between people and corporations. Most people agree that enacting left-wing policies would be beneficial, but corporations stuff those initiatives woth lobbying.

@saltyleaf6002

11 ай бұрын

@@AmianteTarvoke *replace it with a better tool that benefits more people

@cfri9332

11 ай бұрын

Burn it all down

@WiloPolis03

11 ай бұрын

@@arkadiosvotessocialist8436 I mean I tend to lean pro-labor and pro-regulation, which people usually define as left-wing, I think a lot of conservatives think that government regulation somehow makes corporations even stronger or something like that

Thank you for this. The American consciousness and people are probably much more on each other's sides than the current culture war that those corporate owned media outlets love to push. It isn't as though we've solved racism, xenophobia, or any other social issue per se but those issues would not be nearly as difficult to breach if everyone had generally better lives, could afford homes, and were under less financial pressure.

@Rayder2341

11 ай бұрын

The big media corporations are the ones who create those issues and keep them going in order to stop us from uniting against them

@lisaahmari7199

10 ай бұрын

You need to get out more and talk to those who proudly label themselves MAGA. You seem to have no idea how truly far apart we are in economic philosophy and on the social issues of gender, women's rights, racism. Just go talk to them. Try to have a reasonable conversation......then come back and tell us what happened.

@Rayder2341

10 ай бұрын

@@lisaahmari7199 you sound like a bigot

@jeffgo5742

9 ай бұрын

@@lisaahmari7199that’s just want the MSM want you to think

@yahnah9116

Күн бұрын

@@lisaahmari7199 I proudly label myself maga, talk to me

Mr Based. This happens a lot in Australia, especially due to the impacts of COVID … Qantas especially is getting a bit of (well deserved) flack with regards to this. You’re not wrong, this issue unites us all. 🤝🏻

Social Security also universally unites almost all Americans. Being labeled as opposed to Social Security is the fastest way anyone can kill a campaign.

@grimnir8872

11 ай бұрын

Mostly because the social parasites on Social Security get to vote, which is contradictory.

@person3070

11 ай бұрын

Unfortunately. Social security needs to be privatized. The return on investment for stocks is greater than on social security, and so people will become richer if they were allowed to privately invest their social security taxes.

@jared1964

11 ай бұрын

@@person3070How? Why is it upsetting for you that a program intended to help seniors is actually well liked?

@tiredox3788

11 ай бұрын

Eh that's debated.

@waywardgeologist2520

11 ай бұрын

Funny that they to use force to make people pay social security.

Thank you Matt! We would not be talking about this, if corporations would pay their fair share in taxes. They would never miss that money. They are just greedy!

@iammrbeat

11 ай бұрын

I mean, we're all greedy to a certain extent. It's part of the grease that keeps the wheels of economies going. However, not controlling greed can have significant repercussions on everyone, and corporate personhood makes it extremely difficult to control greed.

@angryzak4389

11 ай бұрын

I mean if I was given a legal reason to not pay taxes, I wouldn't pay taxes. Not only because it benefits me, but I also feel my tax dollars are often wasted. I'm also a hard right libertarian who believes taxation is theft so there is also that bias I have

@timschultz1928

11 ай бұрын

@@angryzak4389 taxation is how civilization exists.. to think the taxation is theft is an unreasonable expectation

@angryzak4389

11 ай бұрын

@@timschultz1928 that isnt true. Civilization has always prospered from free market enterprise and innovations. Government didn't create any of the luxurious that we have as a country, private businesses did and they did it as a profit. I'm not saying that taxation is completely useless, we need it for defense most obviously. But most of our tax money is taken from us and used on useless programs and big bureaucrats such as the federal reserve, the department of education, department of transportation, department of commerce, department of homeland security to name a few. Not to also mention that they fail audits every year and lose 10s of millions of dollars every year and nobody seems to be outraged by that. In my opinion, taxes are better on a local level which is significantly less money I pay in taxes compared to the federal government and even the state government in some examples. Taxes should be as low as possible and let people do things with their money that they rightfully earned

@tomhalla426

11 ай бұрын

Corporations are business entities for their shareholders. Denouncing corporate personhood and taxing them separately from their shareholders is a bit inconsistent.

Fun fact: the fishing industry is subsidized the amount of money it would take to end world hunger.

i really appreciate you including your annotated google doc script for the video with sources linked in the description. i think you should mention that in your videos more often as its very handy for doing research

Thank you for talking about this Mr. Beat, I’m currently in law school and I hate how obvious this issue is, it feels like we are being pushed to talk about and worry about other issues to be distracted from this issue

@KijiroBugboy

10 ай бұрын

I'm pretty sure that's exactly what's happening. These media conglomerates have a vested interest in keeping us, the American people, divided against each other instead of realizing how we are united in this issue against the true enemy, the corporations like them. Also super glad for Mr. Beat making a video about it; I've been trying to explain this for quite some time now and I feel like I finally have some power in my corner.

Thanks for making this video Mr. Beat! Hopefully more Americans see this, we need to realize what's actually the problem in this country, not each other.

@wholeNwon

11 ай бұрын

Good luck with that. I love optimists...deluded though they may be.

@yeng1855

11 ай бұрын

@wholeNwon Better to get the truth than other people spreading misinformation.

Instead of bail-outs the government should do seizure instead. Don't let the company actually fall over just take ownership of it, hold the board of directors accountable for the missmanagement and get the company on it's legs asap to sell it back to the market. This would mostly just hurt the shareholders, but that's their risk of being an investor.

I hope this video goes viral... how did this happen? We've created a kleptocracy.... What an important video this is.. Thank you Mr. Beat.

We have socialism for the rich

@hectorcm2063

11 ай бұрын

And rugged individualism for the poor

@TihetrisWeathersby

11 ай бұрын

@@hectorcm2063 precisely

@Hneel65

11 ай бұрын

If the government would get corporation stocks in return, then it would be socialism

@iammrbeat

11 ай бұрын

That's how Nader and Bernie Sanders puts it.

@TihetrisWeathersby

11 ай бұрын

@@iammrbeat where do you think I got it

You earned my subscription with this one Mr. Beat. As far as I’m concerned, corporate welfare is anti-consumer and anti-citizen. If there’s one thing I dislike as a Libertarian, it’s when corporations and businesses get bailouts from the government that the citizens pay for. Not only is the government directly interfering in the economy and picking who controls the market, they’re using our money to pay for it!

One thing that’s important to consider is that US corporations are competing in a global market. If US EV manufacturers compete with Chinese EV manufacturers, which benefit from massive subsidies, more lax regulations and harsher labor conditions, the US just won’t build any EVs. Say goodbye to a million US jobs as we become more dependent on foreign manufacturers. If instead of corporate welfare, the US gave out cash and subsidies to the consumer, they would just use that to buy the cheaper product, Chinese EVs with their increased purchasing power. Tax breaks like the $7,500 off US EV purchases from the inflation reduction act are a great middle ground to this. Benefiting the consumer while only allowing those benefits to apply to consumers of US industry.

Corporate donors have too much power in politics. We the people have none

@quintessenceSL

11 ай бұрын

I'd pull from Aristotle that that is inherent to representative democracy (and why the Athenians practiced demarchy). Even little things like READING every bill before a vote before the public and having a citizen veto prior to any legislation being passed would have the most effect in curbing corporate power.

I’m so grateful to Mr. Beat. I always learn so much from his videos. For example: Santa is a capitalist and Panda-Cyclists are communists.

The ultimate economic populist talking point.

There is a Swedish song called ”Staten och kapitalet” by punk band Ebba Grön, translating roughly to ”The government and the corporations”. Its about the huge corporate welfare problem in Sweden that has existed since the war. Basically one of the most persistent policies in Sweden has been the favoritism and financial support by the social democratic goverment of certain companies or wealthy families. It’s a good song that I would really recomend!

We need another great person like Teddy to bust some of these corporations

@finnyjam8252

11 ай бұрын

We really need a new FDR too

@arizenation3188

11 ай бұрын

Wrong Roosevelt lol

@ChucksSEADnDEAD

11 ай бұрын

Neither of the Roosevelts were great people.

@eatingyoshi4403

11 ай бұрын

​@@arizenation3188 you take US history yet?

@arizenation3188

11 ай бұрын

@@eatingyoshi4403 AP, minor in college, 2 peer reviewed papers, why what's up?

I really like it that you want to reach out to as many people as possible, its important to understate that we're all on the same boat dealing with the same things. Its nice and refreshing to see that in the current political climate.

@doomsdayrabbit4398

11 ай бұрын

We're all in the same boat, dealing with the same things, and most of us agree on who to throw off of it to the sharks.

One form of corporate welfare you didn't touch on: When employers like Walmart pay employees non-living wages, us taxpayers then foot the bill for their food stamps and such, essentially subsidizing wages that Walmart should be paying its workers. This is why anyone who is opposed to a living wage for all, whole heartedly supports corporate welfare. And don't even get me started on how many people, usually the same aforementioned ones, cry endlessly about retail theft but entirely ignore wage theft that enormously dwarfs it.

Its funny cuz the most important move in solving the problem that has the citizens united, is to overturn citizens united

I just have to say how much I appreciate your videos, you understand politics incredibly well and are great and exploring it in an informative and unbiased way and making things easy to understand, all of which is a rarity on KZread. Keep up the great work!

“ the alternative would be much much worse.” well, I agree that letting some of these companies fail and go down would lead to a worse outcome. Initially, I think by artificially propping them up with taxpayer dollars just kind of makes the problem worse. Sometimes you need to take one step back so you can take two steps forward. sometimes you need the top trees to fall so that the other trees can grow.

@dust.runner

10 ай бұрын

I agree I think. If you just treat the symptoms without addressing the root of the problem then it will inevitably not improve or get worse. And yeah, your point about trees falling for others to take their place, I mean, yeah. Why is it that the small few largest and most profitable corporations 'cannot be allowed to fail ?' Many of them have slowly burned away all competitors and white whaled their way to first place..maybe if they weren't so powerful and monopolized the industries they were in would be doing better lol

I feel like the struggle is how a politician can lens the corporate welfare. A politician wont say, "Lets give big oil more subsidies." But they will say, "The opposition party has let gas prices spiral out of control!" Similarly a politician wont say "I spent tax dollars to buy a mega-corp a new building." but they will say, "I helped mega-corp bring 3,000 new jobs to our state."

Corporate welfare unites us all, yet the vast majority still vote for the unabashedly pro-corporate party or the reluctantly pro-corporate party every 4 years….

It’s hard to get the lawmakers who receive money from corporations to not write legislation that benefits the corporations giving them money at the same fricken time! There’s gonna have to be a new set of legislators that write laws that reverse corporate welfare policies. My concern is that as long as lobbying is constitutionally justifiable, it’s hard to see corporate welfare being reduced substantially in our lifetime.

@doomsdayrabbit4398

11 ай бұрын

The problem is there are too few legislators, many of which are well beyond retirement age and are losing their marbles, to effectively govern a nation as large as the US.

@BennettYancey

11 ай бұрын

@@doomsdayrabbit4398 that’s a good point.

I think what we need to do is do tax exemptions for small businesses and drastically limit lobbying. If the economy belongs to the people, then small businesses should be preferred over big corporations.

@iammrbeat

11 ай бұрын

I agree that limited corporate welfare for small businesses (and, in addition, infant industries) is still needed to compete with global markets.

@randomteenageboy5002

11 ай бұрын

@@iammrbeatI wouldn’t exactly consider it corporate welfare as money isn’t given, just that less money is taken. But I do think it is corporate-welfare adjacent, so I see your point.

@dudono1744

11 ай бұрын

As long as the benefit for small/starting business is always the same ofc.

@exemplify6593

11 ай бұрын

This is great in theory, but unfortunately very difficult to put into practice. If we limit lobbying in the traditional sense, those that have profited and become so powerful, in terms of the money they have, will find other ways to pay-off those that will further their ends. Instead of millions being put into their bank accounts, the same money will be given to their 'charity' foundations, given to them in the form of business transfers, land transfers, or just 'gifted'. The problem, as I see it, is that too much money necessarily = too much power. I could go on, but for the sake of not writing a book in the comments, I'll end my digression here.

@A_reasonable_individual42

11 ай бұрын

​@@exemplify6593true but we do need to find a solution that can make it less worse. I am curious how you think we can try to tackle this issue?

A decade ago when I was at occupy Wall Street there were college communists and tea-party republicans (the MAGA of their day, for those too young) standing side by side. The slogan of “We are the 99%” was almost universally true - everyone supported OWS, at least in premise. I didn’t notice at the time but shortly thereafter the media started fueling every possible grievance aside from those aimed at the 1%. Especially today, barring some token words about “income inequality,” the spotlight is very much cast on anything but corporate politics.

You should be outraged that the US Supreme Court just refused to do anything about gerrymandering.

It's a common part of populist platforms, but it's important to research what sorts of politicians actually follow through with it

@A_reasonable_individual42

11 ай бұрын

Agree you need to always be critical of who you are supporting and best choose those who can bring great change

@AmianteTarvoke

11 ай бұрын

Green Party does not accept corporate donations. Dems and GOP do.

@ShieldToad-mk2rp

11 ай бұрын

Yeah also in my opinion, a lot of it is good, supporting pilot industries, new businesses and beneficial products like green energy. I don’t understand why bailing out banks is a ‘necessary evil’, maybe it feels unfair but it was to our benefit. Subsidising companies that don’t do consumers or the economy any good is an evil and so is bribery but I didn’t get the sense that Mr Beat saw any subsidies to corporations as good. Also he didn’t even talk about the massive subsidies agriculture gets in the US.

If they need our funding to operate, and we need them to operate, then we should own them.

@8is

11 ай бұрын

That's... exactly what you already do. When the government bailed out the banks in 2008, they replaced the management and got partial ownership in them. The banks recovered quite quickly and the government made a slight profit of it. What exactly is it you're criticizing here?

@dodonnell-ze9yc

11 ай бұрын

@@8is because it's not just banks....

@GynxShinx

11 ай бұрын

@@8is Where exactly did I say "partial"? No, we the people do not own the banks today that gambled this country on subprime mortgages.

@8is

11 ай бұрын

@@GynxShinx The government has no business owning private companies if that is what you mean. The government sold its shares once the banks had recovered and the crisis had been averted (job done). And the state even made a slight profit of the whole ordeal, what's your problem?

@GynxShinx

11 ай бұрын

@@8is Crisis was not averted. It was mitigated. Many were hurt and its repetition was not prevented. It will happen again since we did nothing to fundamnetally change anything. You can say that's not the business of the government, but you provide no reason. And ownership at the will of the state is not the only alternative. I said it belongs to the people. There are different business structures in which the consumer and/or worker are given democratic ownership.

Thank you so much for this excellent video Mr. Beat

People who decry socialism don't seem to understand that we live in a socialist country. Our socialism just pushes money upward to fewer people rather than downward to many people.

@RealDonaldDrumpf

3 ай бұрын

Government spending existing does not equal socialist country lmao

"People think the political spectrum is from left to right, but it's really top to bottom" -Molly Ivins

@nerad1994

11 ай бұрын

Brilliant

@legitplayin6977

11 ай бұрын

So who is the top and who is the bottom here ? Or are there like switches ?

Mr. Beat > Mr. Beast This should have way more views than that Beast guy gets.

@iammrbeat

11 ай бұрын

Thank you for the kind words!

It never united "All of Us" during Occupy Wallstreet. And even that movement will never come again.

The people of this country would be disappointed for the people not revolting against this disgusting corrupt behavior ! What do we even stand for, we have no power!!!!

As a Social Worker, whenever people complain about any kind of people "getting over" on their fellow American. This is is always my response. Why are we giving money to the rich instead of literally any other kind of investment. If capitalists want a free market then they should have a free market. While our neighbors are on the street, the money to build housing or schools or rent control isn't finically viable. Thanks for this one.

Subsidies for big projects could also just have been government capital investment instead. Meaning the government didn't just give it to them but also actually owns equity in the project. Meaning the project can still happen but it doesn't have to be corporate charity

Government giving corporations money: "cool" Government giving the people money and service? "communist, bad, evil, noooooooooooo!"

Corporate Welfare is egregious, but I can't stop thinking about how well-put together this video is.

As George Carlin once said, "It's a big club, and you ain't in it."

I liked your reasons on getting rid of corporate welfare. I would just add, not allowing senators and congressmen from doing business, whether overtly or protective means for the wealthy only, from voting on bills that will directly effect their own personal wealth. Not allowing so many “mergers” is possible just by following existing laws! I worked for the “Bell System” from NY tel, to NYNEX, to Bell Atlantic, to Verizon. The “break-up” of the bell system was instigated by MCI. The purpose was to promote competition for lower consumer rates, by using existing laws. Yay the people exclaimed! Now, we are allowing technology to shrink back into the hands of a few corporations, which allows for price control. Ironically, MCI is now part of Verizon! As corporations are people, I guess it’s just “the circle of life”

It is crazy when we find Donald Trump and Bernie Sanders agreeing on anything. However, it is 100% true.

"It's a big club... and you ain't in it!" -George Carlin

I remember learning about subsidies for things like farming and thinking it was a pretty neat thing for areas that typically are the poor areas of a country. The issue i see is when companies are being reckless and the government helps them anyways. Its one thing to help jog the economy even at the vaunted ideal of the "free market", its another to just let these companies get off scot-free.

@8is

11 ай бұрын

Subsidies for farmers is a joke. The fruit and vegetable sector get no such subsidies and yet they are as competitive and efficient as any other industry that competes worldwide.

@manipulatortrash

11 ай бұрын

@andrewpeters5145 well generally rural areas are the poorer areas, i didnt say there arent exceptions to this rule.

I wish more people would take notice of this issue. I think they would really realize how united we are.

I'm fairly certain that if you made a car that ran on goat semen , and you paid more to politicians than the fossil fuel guys , politicians would be touting the wonders of goat semen .

Well explained video, great watch. Whatever your political alignment, we can agree that monopolies are categorically bad

Mr. Beat, could you perhaps do a video or a KZread short explaining the difference between corporatism and Corporatocracy? I'm somewhat of a Social Corporatist of the Nordic variety myself, and it's my personal pet peeve whenever people I generally respect throw around the word "Corporatist" to describe people who engage in corporate welfare.

@iammrbeat

11 ай бұрын

Great suggestion! Thank you

Man, its such a shame that Mr.Beat died from a car accident on November 22nd 2023.

Corporations get bale out money. If I can’t pay my way , I’d end up on the street and nobody would ever care.

This is a legendary analysis, everybody should watch this, especially as a deeper recession looms overhead.

2 words Trust Bust. One of the reasons the majority of our industries failed so catastrophicly during the pandemic was because corporations have centralized everything, wich lead to logistical break downs in the supply chains. If our economy had been disitralized we would have been more able to pivot during large scale and small scale disasters. That is just one out of a few hundred reasons that monopolies are bad for the majority of of Americans.

@8is

11 ай бұрын

Trust busts never work because there are no monopolies except for those the state creates. You should look into the breakup of Standard Oil and what a failure it was and how Standard Oil never actually operated as a monopoly.

This is my new favourite channel and I've been bingeing for weeks - now if only I could find a Mr. Beat-type for my own (Canadian) history haha

@thenator46show14

11 ай бұрын

J.J. McCullough is a good channel

Thank you for covering all points of view. Adulting is hard, and childish discussion does not help us move forward. Grey areas are where responsible adults must navigate.

Where I live, one of the counterarguments I hear most often from unpaid corporate apologists (i.e. people who uncritically absorb what they're told in their media echo chambers) is that "companies deserve tax breaks because businesses create jobs!" In the past, I came across a few different economic papers that studied the economic value of jobs created from business expansions subsidized by tax breaks, land deals, etc. I remember Walmart and Amazon building new facilities, stores, or regional HQs included in some of these, but they were far from the only case studies. In the majority of cases, the company involved was unsurprisingly more business-savvy than the state or local government with whom the company was negotiating, and consequently extracted more value from the govt and local community tax base than the company gave back to the community. These deals largely resulted in a net loss of value for the local economy and government -- value of jobs and economic activity created from the deal took longer than the terms of the deal to break even with the cost of the deal to the govt and taxpayers. The govt and thus taxpayers were then often saddled with the loss of economic opportunity for several decades afterward and with no real hope of ever seeing that money repaid within half a lifetime. Or never, in numerous cases where the company later pulled out or shut down, citing poor economic conditions.

When it comes to bailouts and subsidies it blows me away that it isn't treated as under public ownership. Like we throw all this money at the problem and when banks fall off a cliff and we save them it isn't treated as the public buying them. Or in the case of subsidies it is literally us buying into the upfront cost but we never see the back end profits.

How come corporations are not punished like a person when it comes to gross violations and crimes? Business that infringe on the rights of people should be nationalized and taken away from shareholders if convicted just like how people are incarcerated/imprisoned.

@Rastaferrari829

11 ай бұрын

Because they’re “too big to fail”.

@dust.runner

10 ай бұрын

Yeah... "Corporate personhood" as a legal status seems inherently corrupt to me. A corporate entity being a person when it is convenient and a corporation when it is not is not just

Love this more than words. Liked, shared, subscribed.

@iammrbeat

11 ай бұрын

Awesome, thank you!

As a Brit, we don't have anywhere near the amount of lobbying that you Americans have but this is still a problem here. The more common thing is that after you retire as an MP you get a nice job working for some big cooperation or instead get hired to do public speaking at rates exceeding £10k an hour. As such I don't think that your solutions will help much, only make it more clandestine in the US and thus harder to call out obvious corruption. I also think there is a very good argument for "it's happening all the time, so companies build up assuming it will happen and thus of course they fail if/when you pull the plug." Public money is like a drug that corperations have become addicted to. So much so that they now genuinely believe that they need it. We need to force them into rehab and hope that geopolitical adversities don't take advantage.