And voting for Dems and Repubs will change nothing.

I was telling my friends this during the 1990's decade. They all said I was crazy, and it just couldn't happen in America. Now, they are eating their words and experiencing KARMA. We are now in a very feudalist fascist system for several generations.

Brave and Brilliant economist Dr Radhika Desai. 👏 thank you

Great presentation by the professor, Neo-Liberalism has completely disenfranchised the West.

Feed the poor. Not the 1%.

Grace Blakeley has recently written a great book about this topic called "Vulture Capitalism" and I highly recommend it. The term "regulatory capture" is wholly inadequate in describing what has actually taken place. The laws of incorporation that were passed in 1863 put the US government squarely in the pocket of bankers and robber barrons. Even FDR, the "savior" didn't take the power to print free money from bankers. Printing unlimited money allows you to purchase unlimited power and influence. We all live in the results of that.

There is no way rents can remain this high with the wages being this flat. People simply wont pay it.

"Government is the problem!" - guy who sought out the highest position in the government.

God Bless You BEN NORTON❤❤❤

No water supply , no electrical supply should be privatized!! No food must be kept from the people who need good! No housing shelter should be kept from the people !! Food , clean drinking water , shelter clothes need to be a BIRTHRIGHT !!

One of my seventh grade teachers, who taught civics, required our class to watch Reagan's inauguration in the classroom on January 20, 1981. So I saw him say "government is the problem" in real time. Even then, I didn't like him at all. I liked the idea that the government could help people in need. Our teacher loudly cheered him on from behind her desk. My generation turned out to be very conservative and reactionary, and pro-neoliberal, for the most part.

Neoliberalism isn't "market" fundamentalism, because corporate players try to escape market discipline at every opportunity. It is "private investment and profit fundamentalism" or "capitalist fundamentalism" or "corporate fundamentalism".

I hate corporations literally making the lives of the masses miserable. It is focusing on profits than pursuing the general welfare of the people thar really make me angry and sad whenever I see homeless and old people begging alms just to buy food for their immediate medical issues. Almost every day I see this here in the Philippines. Water, electric and telecommunications utilities getting more expensive. Most of all you cannot afford to get sick here because hospitals are mostly privately owned. If you don't have money for down payment for immediate medical attention then you die or your medical conditions worsen.

These CEO;s and Board of Directors gives themselves 10s of millions of dollars in raises and bonuses then blame their minimual wage employees for the collaps of their companies. Its like Bankers blaming their janitors and maids for the Banking Crisis.

You are absolutely right about the definition of liberalism. I didn't learn the true definition of liberalism until I took a government class during my doctoral studies. I was so shocked. Liberalism coincides with Libertarians.

Gotta say it's a rare thing to get a book on these subjects for FREE so the poor can educate themselves. Well done and thank you !!!

I feel like I'm getting a minor in geopolitical economics, one hour at a time. This is extremely valuable subject matter in terms of understanding the economic forces at work in the world, who benefits- and who loses.

The big corporations have the money, govt has the power. Money & power scratch each other's backs to gain more money & more power. In the meantime the public is fed bread & circuses and kept in line under the illusion of democracy and rights.

It’s a FEATURE of capitalism, not an anomaly. This is unavoidable when individuals and corporations have the money and the connections to exert constant pressure using both carrots and sticks as the tools crush resistance.

Thanks for the update.I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, To be successful in markets, traders should understand the crossover between asset classes & liquidity flow.. You have changed my entire life and I continue to preach your name. Now I can say that thanks to Ms. CLARA BURN I am improving my understanding of this whole world and making new big profits every week.

This is very true thank you so much Ben ❤❤

Ben, thank you 😊 from my mei mei (sister) love your analysis & please keep up the good work.

Thank you Radhika! Neoliberalism clarified. Thank you Ben. Thank you Jayati Ghosh. Thank you Michael (Green Party, natural monopolies, wealth tax?).

This is what I call truly useful economic commentary unlike a lot of obfuscation that masquerades around as high level economic analysis

Being greedy is part of human nature. Who wouldn't be, given the opportunity? This can only happen when you have the power to print money with no limits. No one in this universe should have this type of power, as that is where the true danger lies.

I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...

how to take over a government 101.........wave a dollar bill in front of a politicians eyes

Thank you for sharing. #CBOBAO

Ben, thank you for your work, it's essential to understand how the world runs nowadays. Im I big fan of your chanel. Saludos desde México 🇲🇽

I have learned a lot from this Ben Norton & Radhika video by seing this doctrine changing its fancy names while its purpose remained constant: stealing from the working class.Amazing.

You call it Neoliberalism, I call it Ultra-capitalism

Love you both you are my favourite

I thought I had learned economics. But I had actually been spoon fed an ideology - thanks to Ben, Radhika (and Michael) for all of your work. You have freed my mind from the shackles of propagandized junk economics. Now I am making connections and seeing the world as I have never seen it before. It's quite destabilizing but I would rather know the truth of things. Keep up the outstanding work.

Analysis always exposes corruption ... Great topic

Gd! What a massively important video! EVERYONE SHOUDL WATCH Ben does it again! Fantastic

What a great discussion thanks

Globalisation in Australia brought Americans owning more than 50% of our largest corporations, including all the banks and mining. Large amounts of retail and infrastructure. Most of the bureaucracy has been contracted out to large consultancy companies like pwc, Deloitte and kpmg. America owns our means of production 😢

Best Information available Keep up the fantastic work Still watching recent episode on China

SCOTUS gave them the rights as a citizen, that did not help, turning our societies into consumer driven economies has not helped everyone wanted cheep goods

⚠Sort comments by newest,. many are hiding

No trained workers? I find that hard to believe. It seems like there are a lot of people working jobs for which they are overqualified -- just as in the 1930s.

Ben Norton, you are the man. Keep up a good job.

All utility businesses work best when nationalised they are part of critical infrastructure and should never be privatised ❤

The government also extended the right for corporations to have privatized military forces Any conflict with those privatized military forces is also by decree considered a direct attack against the United States

Greed and personal gain are opposite to social responsibility. How could people actually fool themselves into believing that corporations ,whose sole motive for existence is to MAKE PROFIT, would care about social responsibility. 😂 Makes as much sense as “self regulation” of industry.

You don't need an Oxford degree to understand that if you mindlessly give away money for ten years, encouraging people to go into debt, and then suddenly do the exact opposite, the country will go into disarray.

Good discussion. In neoliberal countries the state is so weakend that its only tools are tariffs and subsidies. Hence, as Radhika points out, it ends up being a version of neoliberal economy where the biggest customer is the state, to privatly owned corporations. Futhermore many of the subsides invesments into "green" economy/energy will be far from econoical and benifital to the broader populous...will end up being very expensive. But the investment class is have a party...

Thank you for explaining Liberalism. I probably should've done research on this word that causes so much friction and confusion, but now I see it for what it is--just another trap for the average worker fall into. For those of us who do real work and don't earn passive income there's no point in participating in Their capitalist system as it only serves Them (the few) and having served this class my whole life, I've nothing to show for it but worn out joints and a depressed bank account.

This is known as capitalism.

Thank you all.

Ronald Reagan put tariffs and also pushed Plaza Accord on Japan for resolving US trade deficit. This reduced the value of U.S dollar Japan earned into less than a half of its former value.

Thank you ❤

Thanks Ben and Radhika

This is the best channel on KZfaq. Great work Ben!!!

How do we bring about real change on the ground rather than just watch KZfaq Webinars and keep analyzing the system...where is Real Change happening?? In India Capitalism is brazen.

America in obvious decline

The dark side of Capitalism indeed !

Brilliant. Excellent discussion.

Very interesting video. We are lucky to have this channel.

The corporations are global and they are calling the shots in US and in many places around the world. Countries are tied to each other and have become quite interdependent. This is how I think of globalization. This is the environment I think we have to consider when we make assessments about reality today.

I like the idea of the free pdf in relation to your podcast. I have just ordered Capitalism, Cornavirius, and War. Thanks for the heads up! Clive

Nobody in America owns their house or property. The difference between the rich and poor is that the rich profit from the land, the poor live off the land and have to maintain it

Thx for the update

Great video. Thank you!

Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.

Thankyou Ben and Radika 🌿

Thanks!

00:02 Corporate social responsibility is often a facade for profit-driven actions. 02:23 Neoliberalism promotes market fundamentalism and favors big corporations over workers 07:41 Neoliberalism is not about free markets. 10:01 Shift from neoliberalism to globalization in 1990s 14:55 Massive wealth concentration among the richest 1% in Western countries 17:22 Neoliberal policies favored core capitalist countries over peripheral countries 21:24 Big corporations control the money flow 23:25 Federal Reserve's massive money creation impacts rich people's wealth 27:35 Neoliberalism evolved post 2008 crisis 29:53 Pseudo Civic Neoliberalism is a deceptive attempt by capitalists to portray capitalism as being civic. 33:49 Big corporations use pseudo-civic neoliberalism to serve their financial interests. 35:47 Big corporations oppose socialism and conflate it with far-right ideologies. 40:00 Neoliberalism has weakened the left and led to the rise of pseudo-Civic neoliberalism. 42:12 Globalization is a key aspect of neoliberalism affecting global economies 46:13 Foreign direct investment is minimal in most countries 48:18 Productive investments remain within First World countries 52:26 Return of industrial policy challenging neoliberal Dogma 54:30 Ross Perot criticized free trade and called for protectionism and industrial policy. 58:42 Neoliberal financialized capitalism allows capitals to control states. 1:00:36 Chinese socialist system invests in public goods to lower production costs 1:04:39 Capitalism is past its prime and needs significant modification. 1:06:40 Organization of the forces of socialism is crucial to address discontent in capitalism. Crafted by Merlin AI.

Excellent , both of you.

You should all watch Gary's economics on KZfaq. He shows the truth about the economy

Great talk, but a few points of modification I think are needed. I'd argue violence in many forms from slavery to workers rights attacks, safety and representation, to repression of freedom of speech and thought, the ability to have fair acces to the use of the judicial system or have it restricted by lack of resources or representation of you class, to armies to facilitate extraction abroad and the preservation of the state, these all can contribute or detract from the value created in a society. Ben made the point of a highly educated person sweeping floors being productivity and wealth destruction, but I'd argue that the same applies to many more fields. I heard John Ralston Saul mention once in a talk that he was warned by some short remark, hi to all listeners by a diplomat, that I'd be wise to not reveal to much on a certain zoom talk. So the NSA listening in, was directly causing self censorship, and when talking about a future politically sensitive book publication, thus directly causing economic and wealth harm. This might seem trivial, but such things compound till the point you have to start building walls to keep people in, which would represent complete collapse of wealth creation. Racism destroys wealth (*) , Top Chinese scientists at US companies and universities are resigning their posts and returning to China. Healthcare is off course and obvious and discussed although not taken seriously, part of society where there is wealth and income destruction. But it is not alone, the Corporate Media, the culture it spreads might heighten desire to earn and spend more, but it discourages serious political debate, and plunges people into chaos and depression to the point of dis-functionality, and destroys wealth. On the other side something which may or may not even be very capitalist or socialist driven is that knowledge itself is a huge driver of wealth generation. It allows more options. I came across an article once and because my girlfriend is a translator sort of made a mental note of it, it discussed a phenomenon named by the author The vocabulary Explosion, I haven'tbeen able to find it again, but anyway, the jest, at the time of William Shakespeare there were an estimated 14.000 words in the English language, in 1850 something like 40.000, now 180.000 - 1 million. This very clearly to me represents the complexity of a society, my argument to her was that Pilgrims in medieval times likely were more multilingual simple because the languages were proportionally much smaller. And well teasing a bit the original latin as spoken by Julius Ceasar was probably limited to just 3 - 5.000 words. This has off course been going on from well before there was even the concept of Capitalism. And points to the fabulous wealth creation by education itself. (*) kzfaq.info/get/bejne/h7hip85qucnXdIE.htmlsi=eiIWdOSxx9g9Mx_I

Thank you very much for the book.

I am deeply grateful to have come across the Geopolitical Economy channel. You have helped me to make sense of my limited knowledge and given me the desire to learn more and to not go back to sleep. Thank you.

Question: Why can’t the states revoke corporate charter agreements as a means to enforce rules to help the working class?

Thank for Radhika, is difficult to found a research that focuses on the Roots of the system and problems of Vampirism Corporate without a conciencios investments

On paper, the US allocates $60.84bn to address the conflict in Ukraine, specifically: • $23bn to replenish US weapons, stocks, and facilities; • $14bn for the Ukraine Security Assistance Initiative, a US Department of State-led funding programme that helps train Ukraine’s military and provides equipment and advisory initiatives; • More than $11bn will fund current US military operations in the region, enhance the capabilities of the Ukrainian military, and boost intelligence collaboration between Kyiv and Washington; and • $8bn in non-military assistance, including helping Ukraine’s government pay salaries. Only about 20% of the US tax payer’s money escapes the US defense contractors, yet all the money is packaged as Ukraine aid.

This channel is so important. Thank you so much and keep up the good work! Our world needs more ot this!

This is one of my favorite you tube channels. Must see in high schools...

Thank you for the TRUTH .

Great insights, thank you!

Radhika moved to London!? Canada’s loss is the UK’s gain.

Thank you this was powerful

Not a leftie, much less a communist, but I must say, this channel produces a sturdier, sober, more accurate analysis of geopolitical episodes than any I can think of, on either side.

I'm so happy i chose China as my country to work in when i decided to leave my home country 11 years ago. Something in my fate sent me to the right place for these historic times we are living through.

Wounded power is a very dangerous animal.....

Great show! 😃👏🏾👏🏾👏🏾

Wonderful discussion ❤

Thank you.

Extremely interesting video and information. Thank you so much that you are taking about this. But you must spread your k knowledge more to public for them to know what exactly is actually happening so we can fight against it.

Thanks very much.

Interesting you are yet to touch on whats happening in Kenya right now. This channel is always upto date with such affairs

This makes me think of Gavin Newson and his folks dining at the French Laundry when everybody else in the world was under quarantine. That was about the same time he was getting huge PPP loans for his winery etc. while old people and children alike were piled up in hospitals suffocating on their own mucus. 🤷🏻 🎉 🎉

Thank you both for your discussion on neoliberalism. God help us all.

A 5 stars discussion on neo liberalism in the West

This is Economics at the level of philosophy. Greeks have translated the word philosophy originally from Arabic. It did not mean love of wisdom. It meant search for peace of mind. In this confusion to the layman who suffers from the aftermath of neo liberalism, at least now we understand why.

Related #short #history video on YT: Do NOT Unionize in America... (Sorry, if I leave a link, it gets deleted)

Good work and thank you, technical detail - teh book link download only works for individual chapter downloads, the entire book download is not working FYI, can that be fixed?

41:41 I get the impression that the "darker" potential was always the goal of the neoliberal game

24:04 key key point in the context of free money for the city, aka QE. there are many ways to deploy said free money as tools for large scale scalping and wealth extraction in general.

The anti-globalization movement was clear in the 1990's, opposed to the tricky agreements of the World Trade Association. They say:"The TRIPS Agreement requires Member countries to make patents available for any inventions, whether products or processes, in all fields of technology without discrimination, subject to the normal tests of novelty, inventiveness and industrial applicability." We say: No Patents on Life, Agriculture Out of the WTO, etc. good show