Investment Bank Says Capitalism Is COLLAPSING | The Kyle Kulinski Show

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Secular Talk

Secular Talk

Жыл бұрын

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"The first time I ever really listened to Kyle Kulinski’s show was in the back of a cab last summer. The driver had his phone hooked up through the stereo and was pumping out an episode through the car speakers - loudly, as if looking to convert a captive audience.
“Do you like Kyle Kulinski?”
The driver, Ahmed, was a recent immigrant and apparently a die-hard fan of Secular Talk, the political talk show that Kulinski broadcasts on KZfaq. I told him, yes, in fact. I do like Kulinski, had come across his show several years ago, and, all things considered, he seemed pretty good.
“He understands what we’re up against,” Ahmed said. “Like Bernie.”
But I was surprised to hear Kulinski’s name mentioned in the same breath as Bernie Sanders, particularly with such adoration. Because what I did remember about Kulinski’s show struck me as mostly capital-P “progressive” takes on the news - the left wing of the Netroots crowd more than the democratic socialism Sanders has popularized.
It’s an impression that wasn’t entirely incorrect.
“I have no time for philosophical, airy bullshit,” Kulinski tells me from his home in Westchester, New York. “I don’t want to hear about Lenin. I don’t want to hear about Marx. I just want a super plainspoken, straightforward agenda with a straightforward way of selling it.”
With over 800,000 subscribers and nearly 670 million total views on KZfaq, selling a progressive agenda is clearly something Kulinski knows how to do - even Democracy Now, the long-standing flagship of progressive media, cannot match his reach on the platform. Chapo Trap House can certainly boast a wildly devoted fan base (and a not insignificant degree of media influence), but their audience is roughly half the size of Kulinski’s.
While Secular Talk might be more likely to be looped in with the progressive networks around Air America and Pacifica alums like Sam Seder than the more resolutely socialist world, Kulinski’s fiery rhetoric, razor-sharp class instincts, and knack for withering takedowns sets him apart from his peers. Judging by his rhetoric alone, he’s closer to a Eugene Debs than a Chris Hayes.
But unlike Hayes, Amy Goodman, or his friend Cenk Uygur of The Young Turks - who began airing Secular Talk on his web network seven years ago - the thirty-two-year-old Kulinski is virtually invisible in the mainstream media. Despite his enormous fan base, his show has never once been mentioned in the obligatory trend pieces on “the Millennial Left” pumped out by the prestige media. Nor has Kulinski’s name ever popped up at all in the New York Times, Vox, the New Yorker, New York Magazine, or the Washington Post, despite his leading role in cofounding Justice Democrats, the organization widely credited with sweeping Alexandria Ocasio-Cortez and the rest of “the Squad” to power.
Just last week, his Wikipedia page was deleted. The reason? “There is very simply no [reliable source] coverage of this person,” according to one moderator. In new media, he’s king - the Sean Hannity of the Berniecrat left. In old media, he’s nobody.
I suspect there are a few reasons for that. There is nothing “cool” about Kulinski’s show. (As a friend put it, “‘Welcome to Secular Talk’ sounds like something you’d hear on Egyptian radio.”) His no-nonsense social-democratic politics won’t get him much cred with the Full Communism crowd. He records his show not in Brooklyn or Los Angeles, but in a studio he built himself in his modest Westchester home. His hair is too groomed and his taste in clothes too preppy to qualify as “Dirtbag Left.” Nor has he ever attended an n+1 release party. “Not only have I not attended one,” he says, “I have no idea what that means.”
And yet he’s astonishingly plugged-in for a young man in the suburbs. Wondering how Sanders ended up on the Joe Rogan Experience? Kulinski, a frequent guest on Rogan’s wildly popular show, introduced them. “You make the most sense to me,” Rogan told Kulinski on a recent episode. “You’re a normal person.”
Much like Sanders himself, Kulinski’s show has a massive audience that just doesn’t compute with our media’s understanding of “what the kids want” or even “what the left-wing kids want.”
It’s probably for the best - the very woke and very WASP-ish decorum haunting much of the media world is nowhere to be found in Secular Talk. “Corporate Democrats over-focus on identity as a trick to divert you from the issues that unite us all - class issues,” he said on a recent episode.
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Пікірлер: 1 700
@spacemanrob96
@spacemanrob96 Жыл бұрын
Poor people aren't the ones crashing the economy, but they are the ones who suffer most.
@scifirealism5943
@scifirealism5943 Жыл бұрын
Correct.
@barbiquearea
@barbiquearea Жыл бұрын
Just as they suffer in Communist countries, right?
@russell-gt1dy
@russell-gt1dy Жыл бұрын
Unproductive people crash the economy. They tend to be poor
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Rich people aren’t crashing the economy either?
@grahamshere
@grahamshere Жыл бұрын
@@justsomeguy6336 Then who's cashing in with corporate greed?
@kyleespinoza7201
@kyleespinoza7201 Жыл бұрын
These corporations and billionaires are really trying to see what will end first, capitalism or the human species and a habitable planet.
@Chris-ey8zf
@Chris-ey8zf Жыл бұрын
They don't give a shit, since you have to be a certified psychopath to become a billionaire in the first place. If everyone dies, they know they'll likely be last, because they have the money to make sure of it. They'll still die in the end, but they'll get to watch the world burn first. They probably fantasize about that shit.
@JeffCaplan313
@JeffCaplan313 Жыл бұрын
It's all the same and as goes one, so goes the other.
@wowcarnage
@wowcarnage Жыл бұрын
World ends because these morons need 85million dollar appartments wich they visit 3 times a year...and somehow people dont mind and keep voting against their own interests. But republicunts want more deregulation for corportations as the end of the world apparently isnt coming fast enough for them...
@PowPowPeng1
@PowPowPeng1 Жыл бұрын
They can't help themselves. They're like lab rats pressing the cocaine button. We have to do a intervention and stop them. They're to rich for their own good.
@tr1bes
@tr1bes Жыл бұрын
The more middle class goes to the poor class, the more civil unrest society is. It happens before. Understand the history can lead to more understanding how government changes. The most common factors are the has and has not. Let say little Tiny Tim is hungry in the Christmas Carol. Would the dad (Bob Crackjet or whatever) do anything to feed Tiny Tim including criminal activities. While Scrooge has plenty of food being thrown into a trash. Marie Antoinette said, "Let them eat cake." You know she was beheaded along with her family and nobles by peasant. That started the French Revolution. It happen to Russia, China, Vietnam, Cuba, Germany, Italy and etc. It almost happen in US but saved by politicians.
@tmbarton1961
@tmbarton1961 Жыл бұрын
FDR did warn us that a government of organized money ["economic royalists"] is as much a threat to our democracy and freedoms as a government by an organized mob. We need to enact FDR's 2nd bill of rights along with busting the monopolies.
@adamcornell1186
@adamcornell1186 Жыл бұрын
What's the point? FDR made some great reforms but as long as capital controls the government, any new reforms will go the way of FDR's. Whittled away at over time till there's nothing left.
@darthbrandon2149
@darthbrandon2149 Жыл бұрын
Unfortunately, none of the corrupt politicians in DC will agree to do that.
@whiteerdydude
@whiteerdydude Жыл бұрын
Instead of trying to make it work, why do something other than our current ism?
@caroljo420
@caroljo420 Жыл бұрын
​@@adamcornell1186 You're suggesting we just give up?!?
@rpgspree
@rpgspree Жыл бұрын
@@caroljo420 Or perhaps that FDR didn't go far enough.
@wyvern723
@wyvern723 Жыл бұрын
I have said it before, and I will say it again, fifteen years ago, my Cultural Anthropology professor had a lecture about how our society may not be stable, and how it could collapse. There comes a point when you can't squeeze anymore blood from stone. We're getting pretty close.
@op25500
@op25500 Жыл бұрын
Yep, I was told that same thing in 1976' When Jimmy Carter could not run the Country, now Biden is just ripping every Worker and Middle class Person.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
It’s because of the government.
@GOPSlayer
@GOPSlayer Жыл бұрын
Late stage capitalism
@eemoogee160
@eemoogee160 Жыл бұрын
Was that your major?
@PostprandialTorpor
@PostprandialTorpor Жыл бұрын
Stones together strong!
@olivierb.2149
@olivierb.2149 Жыл бұрын
Capitalists making it sound like *now*, greed is the problem, stupid me for thinking greed had always been the point.
@1massboy
@1massboy Жыл бұрын
Yeah but at certain points in history we’ve been able to keep that Greed and check better then we are now. I mean I blame Reagan for the modern “greed is good” dynamic we have in our crony capitalism system.
@olivierb.2149
@olivierb.2149 Жыл бұрын
@@1massboy seems to me like in decades past, there was greed, growth, and breadcrumbs, and now there's only greed. It's really time we take back control. That graph of margin vs unit labor cost is appalling. This is our labour. This is literally a bank publishing a graph saying "we may be over-f**ing the peasants here"
@rpgspree
@rpgspree Жыл бұрын
The point was that there's supposed to be opposing forces such a competition and regulation to restrain runaway greed. But then the wealthiest capitalists got the bright idea of pushing deeply corrupt politicians to abolish any regulations maintaining competition or restraining greed. This lead to wave after wave of corporate mergers, creating mega-conglomerates that now effectively control all major sectors of the economy and even the political process itself. You may not remember, but there was a time when industries had 10, 20 competitors or more. Now, the average is between 1 and 4. *THIS* is what's destroying the economy, and it's because voters got conned into electing politicians who prioritized Wall St profits over all else. And they continue to do so right now. Until voters stop believing the self-defeating lies they've been fed for decades, nothing will ever get fixed.
@420JackG
@420JackG Жыл бұрын
​@@1massboy "it's free real estate!"
@olivierb.2149
@olivierb.2149 Жыл бұрын
@@rpgspree great points
@420JackG
@420JackG Жыл бұрын
It's pretty wild how a guy wrote a book describing all this 160 years ago.
@NightSide1349
@NightSide1349 Жыл бұрын
What book??
@mondoseguendo6113
@mondoseguendo6113 Жыл бұрын
You mean Jesus? 🤪
@Infamousblackbird
@Infamousblackbird Жыл бұрын
The Communist Manifesto
@broyobrogdon6403
@broyobrogdon6403 Жыл бұрын
Yeah what book..i want to read.
@broyobrogdon6403
@broyobrogdon6403 Жыл бұрын
@@mondoseguendo6113 jesus didnt write anything
@cattibingo
@cattibingo Жыл бұрын
"Raw materials are becoming slightly more expensive? Better triple my prices to be safe." -corporations
@watamatafoyu
@watamatafoyu Жыл бұрын
A giant apartment building going up across the street will have prices 40% higher than the market. That's not capitalism, it's just price gouging.
@PaleGhost69
@PaleGhost69 Жыл бұрын
​@@watamatafoyu but price gouging is capitalism? A good businessman never wastes a disaster.
@watamatafoyu
@watamatafoyu Жыл бұрын
@@PaleGhost69 I don't understand what you're asking.
@PaleGhost69
@PaleGhost69 Жыл бұрын
@@watamatafoyu you claimed the price gouging is not capitalism. Price gouging is purely the result of capitalism
@0ooTheMAXXoo0
@0ooTheMAXXoo0 Жыл бұрын
@@watamatafoyu There is no price gouging. Prices are set by the consumers. If no one pays then the price is too high and will be lowered or the business goes out of business from not selling anything.
@butwhytharum
@butwhytharum Жыл бұрын
CEOs and landlords the two biggest leeches on society.
@art2736
@art2736 Жыл бұрын
Oftentimes, they're one and the same
@thelivingglitch307
@thelivingglitch307 Жыл бұрын
Public shareholders are leeches that leech off leeches.
@SMALLZZ369
@SMALLZZ369 Жыл бұрын
Don't forget lawyer's
@tylerhackner9731
@tylerhackner9731 Жыл бұрын
We need socialism. And not for the rich
@Checkmate07351
@Checkmate07351 Жыл бұрын
​@@PickledRick87 The Venus Project
@420JackG
@420JackG Жыл бұрын
Anything worth doing will require force, the "illegal" kind.
@darthbrandon2149
@darthbrandon2149 Жыл бұрын
We already have "socialism" in the United States. Almost every facet of our existence is based in Socialist principles. But as you astutely noted, the wealthy 1% Donor Class figured out years ago that they can turn socialism into Corporate Oligarchy, where those at the top are the only real beneficiaries of Socialist principles.
@Arander92
@Arander92 Жыл бұрын
@Nunya Intriguing… tell us more
@CAKESLAPPA
@CAKESLAPPA Жыл бұрын
People directly in charge of the product of their work. Hell yeah we need it.
@godfunk
@godfunk Жыл бұрын
Larry Summers: "I don't think it's a tenable view that all of a sudden corporations became greedy." That's right, Larry. Most of the corporations have *always* been greedy
@JohnDoe-my5ip
@JohnDoe-my5ip Жыл бұрын
I like to imagine the look on his smug face when someday, all of a sudden, him and all his fellow frequent fliers on the Lolita express get sent to that NYC jail where Epstein didn’t kill himself. It’s not tenable, he says! Why suddenly prosecute r***** minors? Gee Larry, things change and people make different choices, ya know?
@watamatafoyu
@watamatafoyu Жыл бұрын
At least their greed was funneled into something good for the people with 70-90% top marginal tax on incomes above $3 million.
@odinson6348
@odinson6348 Жыл бұрын
Greed is why they became corporations in the first place. He doesn't think it's a tenable view? Seriously, why not? Where is he getting his skepticism from, cause it doesn't seem to be from observable reality.
@sandollor
@sandollor Жыл бұрын
@@aaronday7537 Greed is on a scale partner.
@Cancellator5000
@Cancellator5000 Жыл бұрын
@@aaronday7537 I think it's more that they saw an opportunity to act on their greed under the cover of the pandemic, supply chain issues, etc. and now they are having trouble reigning it in to keep people from understanding how much they are contributing to inflation.
@jacobmccarthy1171
@jacobmccarthy1171 Жыл бұрын
All these ceos need to be in prison for price gouging!!
@reidweber1
@reidweber1 Жыл бұрын
If it costs you $20 to make a meal, and you sell it for $35 you made $15. But if it now costs you $40 to make that same meal, you would sell for $35 still? You'd go out of bussiness.
@waltergrace565
@waltergrace565 Жыл бұрын
@@reidweber1 Your actual pricing is way off, but you generally get it. I just can't believe people are still repeating the price gouging grift.
@hypergraphic
@hypergraphic Жыл бұрын
It's not illegal.
@trappedinamerica7740
@trappedinamerica7740 Жыл бұрын
@@reidweber1 i You can’t justify it as cost when it goes into the ceo and shareholders pockets. It’s not all the cost of making the product when the ceo takes home a billion more than last year. You keep leaving that part out
@trappedinamerica7740
@trappedinamerica7740 Жыл бұрын
@@reidweber1 look up what profit means kid
@dribrom
@dribrom Жыл бұрын
Well Adam Smith the father of capitalism sad close to 300 years ago that capitalism only works if it's regulated. As every year sense the 1960's businesses has been deregulated we all knew this was coming sooner or later.
@frevazz3364
@frevazz3364 Жыл бұрын
Thank you for bringing this up. Smith wrote about this extensively, about the need for strong state regulation to keep the big players in check and protect the citizens. Of course that is conveniently ignored by the free market zealots.
@fortheloveofnoise
@fortheloveofnoise Жыл бұрын
​@@frevazz3364 Capitalism's loudest proponents will lead to its end.
@jalicea1650
@jalicea1650 Жыл бұрын
The argument made by Adam Smith also noted that this serves only on local and regional levels which means small regulated businesses in a small community. The town bakers, the local carpenters, the barbers and so on. Capitalism only works on a very regulated local/regional economy where competition from small vendors keep prices and capitalists honest. The minute you get to a national/international market it breaks down. Bankers and loans were always the issue and Adam Smith also warned against landlords. Same problems since feudalism.
@youtuber5305
@youtuber5305 Жыл бұрын
Doesn't everything have to be regulated in order to function properly?
@csmith1927
@csmith1927 Жыл бұрын
@@jalicea1650 technology kinda broke that down and it will continue to get worse as automation takes over, I don’t see anything else happening
@dougjohnson4266
@dougjohnson4266 Жыл бұрын
$32 T of debt and our infrastructure and education system is a mess. We are a train wreck waiting to happen.
@mondoseguendo6113
@mondoseguendo6113 Жыл бұрын
How can anyone think a system in which maximizing profits is the goal could be sustainable?
@NextNate03
@NextNate03 Жыл бұрын
Only in the Matrix.
@fmbbeachbum8163
@fmbbeachbum8163 Жыл бұрын
Cap profit margins at 30%, 10% for utilities.
@BarrySlisk
@BarrySlisk 6 ай бұрын
Producing less and less efficient is not really sustainable...
@tmbarton1961
@tmbarton1961 Жыл бұрын
There is one other solution to use and it's called enforcing anti-trust laws. Bust the monopolies!!!
@WanderingExistence
@WanderingExistence Жыл бұрын
We can't just break them up, we have to change the way they are structured; we need economic democracy. Personally, I've been interested in two grassroots groups focused on economic democracy, called the Next System Project and the Democracy Collaborative. They have devised a way to keep production local and contract service to cooperatives, called the Preston Model. They have helped multiple cities struggling with job loss due to factory closures build back their communities, in the US and UK. In addition, trade unions, collectives, public banks, credit unions, community land trusts, CSA's, and many other democratically controlled institutions can work together to create democratic networks outside the market to create an economy that doesn't reduce people, their governments, and the environment to a monetary value. I think this can be a viable strategy to give people the autonomy over their work. I believe economic democracy is the only way people who work for the economy will have the economy work for them, their families, and the planet too. This way of revitalizing communities by building community wealth has helped many communities all over the globe, and it is utilized by the UK labor party and touted by Jeremy Corbyn. Preston, Lancashire became the most improved city in the UK because of community wealth building. kzfaq.info/get/bejne/g7WSmcuQu7TVo2g.html Not to mention, much of the progress in labor rights has been due to union's collective power. The thing that draws my conviction to the movement is that I can see it now, helping empower people to live happier, healthier, and wealthier lives.
@rpgspree
@rpgspree Жыл бұрын
Except those monopolies own most politicians. You need to fix that first, stop voting for political puppets.
@NextNate03
@NextNate03 Жыл бұрын
There is more than way to skin a cat. Breaking up monopolies will help, not the main solution. Bernie and Kyle support new windfall (?) tax probably help some. No. Neither situation will solve the problem by themselves. Even if they broke up monopolies and/or raise the taxes. Its not going to stop companies from raising the prices like they are now. I am all for Workers Cooperations. I and most of USA doesn't really know anything about them. My question is that do the companies/cooperations had to vote before raising the prices? If yes, fine. If no, what would stop them from raising the prices? What would stop them from shipping jobs overseas? Either way, there is no single golden bullet. We have to use multiple solutions to fix the issues. What would happen if we let capitalism fall? It's a legit question.
@merbst
@merbst Жыл бұрын
Trust-Busting is necessary, but not sufficient!
@vanthonyacosta91drre
@vanthonyacosta91drre Жыл бұрын
Mandatory worker Co ops and the nationalisation of essential industries
@reyalsregnava
@reyalsregnava Жыл бұрын
No kidding. When businesses started talking about "market share" we were fcked. When everyone looks at a pie chart and says "how make my slice all slice" there's nothing to do but wait for it to implode. "I raised my prices $0.30 per unit and so did everyone else! We aren't going to have more market share next quarter! Quick, raise it another $0.05! What?! Everyone else did that too? Raise it again! We need to hit our projected market share or we may lose investors!" Except it's every boardroom on earth. When the US population got $400 cost of living rose by $1600 as everyone tried to take all of it themselves. Business lost its mind.
@JeffCaplan313
@JeffCaplan313 Жыл бұрын
MOAR FREE MONEY!
@newthesis9480
@newthesis9480 Жыл бұрын
We have seen over and over the effects of insatiable corporate greed. This is the same thing that lead to the 2008 housing collapse.
@BronnyJames2025MVP
@BronnyJames2025MVP Жыл бұрын
"We have no compassion and we ask no compassion from you. When our turn comes, we shall not make excuses for the terror." Karl Marx
@Gum_Cuzzler
@Gum_Cuzzler Жыл бұрын
Based
@nevermorebouquet3681
@nevermorebouquet3681 Жыл бұрын
Not Marx, it's Twain, but he is referencing a violent labor dictatorship.
@RussianJackal
@RussianJackal Жыл бұрын
I’ve lived as a kid though the collapse of one superpower already. Get ready for A LOT of senior women selling antique crap from their storage and live flowers on street corners….
@ChrisBear1989
@ChrisBear1989 Жыл бұрын
The superpower isn't going to collapse, lets not be dramatic in our fear. Please note, that doesn't mean I'm not for regulating Banks and such. No please please REGULATE THOSE FUCKERS.
@KainMalice
@KainMalice Жыл бұрын
@@Abcq755 Dont we kinda already have that??
@trappedinamerica7740
@trappedinamerica7740 Жыл бұрын
@@KainMalice and mass homelessness and crime and murder….oh wait Business as usual?
@mutecryptid
@mutecryptid Жыл бұрын
@@trappedinamerica7740 buisiness as usual 😞
@Mirda1983
@Mirda1983 Жыл бұрын
I'm from Yugoslavia, I feel you bro. Seen this before
@liamlinson7563
@liamlinson7563 Жыл бұрын
dont bail them out they belong to the streets 🗿
@DanT10
@DanT10 Жыл бұрын
The corporations will be bailed out again and again.
@whiteerdydude
@whiteerdydude Жыл бұрын
The tragedy is that we built this system around the mega furms and companies. So if you don't bail them out, society collapses and that is bad in its own way. So, be careful with what you call for.
@julesdalli9716
@julesdalli9716 Жыл бұрын
If only they didn't have a stranglehold on those "elected officials".....
@petertaylor4954
@petertaylor4954 Жыл бұрын
💯
@liamlinson7563
@liamlinson7563 Жыл бұрын
@@DanT10 sadly yes nothing ever changes
@adamcornell1186
@adamcornell1186 Жыл бұрын
Have we tried asking corporations nicely or perhaps a strongly worded letter?
@JakandDexsters
@JakandDexsters Жыл бұрын
we did didnt work now did it? trolololololololol
@margaretjohnson6259
@margaretjohnson6259 Жыл бұрын
oh, i think thoughts and prayers will be as successful as the end of mass shootings through the same means.
@julesdalli9716
@julesdalli9716 Жыл бұрын
I was thinking we get on our knees and beg the wealthy to be kinder to us dirty peasants.
@ryangriffiths3552
@ryangriffiths3552 Жыл бұрын
I went to wall st. and told them, “cut it out!”
@LB-yg2br
@LB-yg2br Жыл бұрын
Offer them more bailouts and tax breaks and subsidies! They are bound to lower prices if we give them more money right???
@colbystearns5238
@colbystearns5238 Жыл бұрын
I'm convinced that we need to completely subvert the corporation model and flip it on its head. Instead of having CEOs, CFOs, Boards of Directors, etc, dictating everything to the workers we ought to abolish that hierarchy and make it so that the workers who put in all that productivity for a company and built up all of that company's revenue ought to be the ones who reap the rewards of their labor. No more wealthy oligarchs in boardrooms sucking up all of that hard earned success like a vacuum, it's time for the workers to be given what they're owed. Worker co-ops should be the default standard instead of the Neo-Feudalist dystopia we have now.
@watamatafoyu
@watamatafoyu Жыл бұрын
Richard Wolff talks about this a lot.
@fmbbeachbum8163
@fmbbeachbum8163 Жыл бұрын
Workers used to be own board of directors, just a long time ago when unions ran the country.
@colbystearns5238
@colbystearns5238 Жыл бұрын
Yes! He’s great, I believe that’s who I heard this from.
@khaliquet1
@khaliquet1 Жыл бұрын
Seize the means of production? You sound like a working proletarian 😎
@mikafizz1022
@mikafizz1022 Жыл бұрын
Neofeudalist???
@a_case_study
@a_case_study Жыл бұрын
My company is doing this exactly it's so hard sitting through meetings on record profits while simultaneously deciding to inflate prices from last year... my boss literally said in reference to us having done comparison shopping showing our prices are double other companies for the exact same items that "maybe they just don't like making money"
@a_case_study
@a_case_study Жыл бұрын
Also... no raises. And ludicrous levels of wasted product that was thrown away.
@kitsiewr
@kitsiewr Жыл бұрын
The greed is addictive.
@VeteranVandal
@VeteranVandal Жыл бұрын
​@@a_case_study you are telling me capitalism isn't efficient. Shocking. /Jk
@marcomoreno6748
@marcomoreno6748 Жыл бұрын
​@@kitsiewr but wealth isn't transitive
@marcomoreno6748
@marcomoreno6748 Жыл бұрын
​@@VeteranVandalinefficiency is literally the point of capitalism. To any apologists seeing this: read your own damn lore. I'm a mathematician and I like to read books on capitalist theory. The formal term for "profit" in any maths involving capitalist theory is literally "an inefficiency". Capitalism is the sand thrown into the gearworks so two repairmen and the thousand men in the middle can take a cut, and the "business" "owner" can write it off on their taxes. Then they all go home at the end of the day and complain about how society is falling apart because of minorities. "Capitalism makes things more efficient" is believable. If you're an absolute moron.
@hogsaucethedisciple
@hogsaucethedisciple Жыл бұрын
Canada’s leader of the NDP party just introduced legislation to stop excessive CEO pay. We need to start going after the oligarchs.
@watamatafoyu
@watamatafoyu Жыл бұрын
The US handled this decades ago with top marginal tax rate being 70-90% on annual incomes over $3 million. They already saw the excess of power on private hands that comes with greed.
@1313steamroller
@1313steamroller Жыл бұрын
We need to bring back tax brackets for the rich.
@mariusbuchiu3328
@mariusbuchiu3328 Жыл бұрын
@@watamatafoyu This hasn't fixed the issue simply because the owners of high stock levels use stock to back their money borrowing (loans), which, combined with interest rates create debt that is subtracted from their income. The result is they pay income tax for a far lower income level, although they benefit of the entire extent of their (inflation actualized) assets value as real income. So they pay far lower real tax level then the poor. Cool, isn't it?
@watamatafoyu
@watamatafoyu Жыл бұрын
@@mariusbuchiu3328 That's a loophole and guess what we can patch loopholes like FDR did to fix the country
@NegronJL1
@NegronJL1 Жыл бұрын
I’ve been saying this for a few years, “when does the music stop?” It’s crazy how we can be priced gouged on all necessities and nothing happen.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
It’s not price gouging. It’s inflation.
@darinsingleton3553
@darinsingleton3553 Жыл бұрын
It's no surprise, considering the relentless neoliberal conditioning this society has been subjected to daily / hourly for decades. Constant corporate messaging from the corporate-media conglomerates, from a corporately-captured U.S. government, and enforced through a bought & sold judiciary
@KaiserMattTygore927
@KaiserMattTygore927 Жыл бұрын
@@justsomeguy6336 Inflation is an excuse used by price gougers.
@anthonytwohill9726
@anthonytwohill9726 Жыл бұрын
​@@justsomeguy6336 Those terms are not mutually exclusive.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@KaiserMattTygore927 Cope.
@BlueBeetle1939
@BlueBeetle1939 Жыл бұрын
Who could have predicted something like this!?!??!
@jj947
@jj947 Жыл бұрын
Just one bearded boy in the 1840s
@JonathanShidler
@JonathanShidler Жыл бұрын
[hides copies of das kapital]. How could we have ever known!?
@darthbrandon2149
@darthbrandon2149 Жыл бұрын
Anyone who had curiosity about what happened in 2008.
@watsonroadster3707
@watsonroadster3707 Жыл бұрын
These guys named Freddy Engels and his buddy Karl Marx???
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@jj947 Except this problem is the government’s fault. Womp Womp.
@mohammadzaman1225
@mohammadzaman1225 Жыл бұрын
in business school they call it "dynamic pricing" which is basically just price gouging. you increase prices due to a demand surge rather than lack of supply. that demand surge only comes as a result of companies making you think theres low supply but actually theres just scaring you in order to set higher prices
@donquique1
@donquique1 Жыл бұрын
Uber does that. Try getting an uber in an airport when 4 planes land at the same time in the same terminal. Your trip price will double.
@watamatafoyu
@watamatafoyu Жыл бұрын
Demand may be there for products when affordability is not, and supply may increase with price. This becoming normalized means a free market is meaningless.
@frevazz3364
@frevazz3364 Жыл бұрын
​@@watamatafoyu it means the accepted economic theory that people like Larry Summers, the whole supply and demand theory for example, is completely meaningless in modern times. Companies have figured out they can artificially restrict supply to justify increasing prices and they've also figured out you can make a lot more profit by selling less volume of product.
@WickedRibbon
@WickedRibbon Жыл бұрын
Not to be a doomer, but I feel like the signs of societal collapse are becoming more apparent: Inflation running wild, poverty skyrocketing, infrastructure crumbling, deadlier environmental disasters, societal paranoia growing in intensity, our institutions failing and becoming more incompetent by the day. I'm at the age where I should start thinking about settling down and starting a family, but how can I bring a child into a world that is spiralling in front of my eyes? Maybe I should spend less time looking at the news...
@katediehl4836
@katediehl4836 Жыл бұрын
Maybe yes, have faith in yourself and other human beings who wish for peace and walk in love...
@daviddestin1990
@daviddestin1990 Жыл бұрын
Ja there is no way I am bringing a child into this nightmare hellscape
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Stop voting Democrat.
@spencerschubert5001
@spencerschubert5001 Жыл бұрын
There are a lot of us pondering these same issues. I have had the privilege of a very supportive and financially stable family, high academic achievement & work ethic, etc… and I’m just barely starting to a get to a place where I can do more than just “tread water” financially in my career in my early 30s. Individuals with my exact same career trajectory (in science) who are 15+ years ahead of me were reaching this same relative status 5-6-7 years younger than me and have largely prospered. Standard of living seems to be sliding backward across the board. If I couldn’t even provide my prospective children with the same privilege I had AND their environment is going to be significantly more challenging and uncertain… how is it responsible for me to start a family?
@david-yi6dm
@david-yi6dm 10 ай бұрын
​@@spencerschubert5001Im 25 and about to graduate dentistry.I still don't want to bring children into this hellish world,still live with parent and starting pay wont be great where i live (600usd a month).Work hard they said...meanwile rent is 300$ for a literal shitshack in a corrupt 3rd world shithole.
@kevinceely1604
@kevinceely1604 Жыл бұрын
I like the part at the beginning where they say this is not how capitalism is supposed to work as if it's not working exactly as intended.
@anthonytwohill9726
@anthonytwohill9726 Жыл бұрын
They have a romanticized view of what capitalism is "supposed" to be. They fail to understand that economic systems are designed by people and the discipline that studies them (economics) are supposed to be describing people. But people are billions in number, awful, and stupid.
@mml3140
@mml3140 Жыл бұрын
Regulations and Monopoly restrictions are what kept greed in check. But politicians have since been bought out.
@watamatafoyu
@watamatafoyu Жыл бұрын
It worked between 1945-1974.
@adamnagel7436
@adamnagel7436 Жыл бұрын
​@@mml3140 and the government is too big. They are the biggest corporation of all and very corrupt. They serve their interests over the populace. It is a corruption and governance issue.
@DharmaPunk111
@DharmaPunk111 Жыл бұрын
@@watamatafoyu we also had a 70% + tax on the wealthiest in the nation at that time.
@teardowndan5364
@teardowndan5364 Жыл бұрын
I've been saying "greedflation" was the main reason prices were going up for over a year. Glad to see at least one bank acknowledge the issue to the point of thinking it could bring capitalism down.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
You’re wrong though.
@tomshady3530
@tomshady3530 Жыл бұрын
What part of "late stage capitalism" was not clear about it's malignancy?
@JohnDoe-my5ip
@JohnDoe-my5ip Жыл бұрын
Probably the part where people have been saying it’s late stage for 100 years. Like Henry Kissinger: why hasn’t it died yet? Is it immortal? Is it actually a demon?
@KaiserMattTygore927
@KaiserMattTygore927 Жыл бұрын
Time to cut the wheat from the chaff.
@julesdalli9716
@julesdalli9716 Жыл бұрын
The conservative solution to late stage capitalism, is more capitalism.
@Kalepsis
@Kalepsis Жыл бұрын
It's great that correct information is finally coming out of the financial sector. But it's not only too little, too late, it's also never going to change policy. Congress is JUST TOO CORRUPT.
@frankieseward8667
@frankieseward8667 Жыл бұрын
Revolution is coming soon. One way or another 😊
@autumn-_-uwu8340
@autumn-_-uwu8340 Жыл бұрын
I often say something’s gotta give. Saw this coming for a long time there is just too much greed most humans don’t know how to curb themselves.
@nateisawesome766
@nateisawesome766 Жыл бұрын
hopefully this time capitalism will finally die
@DanT10
@DanT10 Жыл бұрын
I said years ago that endless profit and squeezing of the workers would end like this. Who can afford anything anymore? Stop blaming/punishing workers for this.
@cl8804
@cl8804 Жыл бұрын
a regular marx, you are
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Lower taxes then.
@lordandmaster14
@lordandmaster14 Жыл бұрын
​@@justsomeguy6336 higher taxes on the rich
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@lordandmaster14 Why?
@bucherregaldomi9084
@bucherregaldomi9084 Жыл бұрын
@@justsomeguy6336 because proportionally you would get more wealth from them while minimizing harm. Like if you hard tax only 5 billionaires, you get massive wealth and only hurt 5 people (instead of the tax on workers which hurts millions of people and doesn't get you that much wealth as a Nation).
@sperez5402
@sperez5402 Жыл бұрын
I'm lo key hoping for an American October revolution 🙏
@Kite403
@Kite403 Жыл бұрын
At the rate things are panning out, peaceful revolution will be impossible and violent revolution will be devastating. But we the people literally have nothing left to lose at this point
@hypergraphic
@hypergraphic Жыл бұрын
That sounds good, but let's not forget that that the Russians had a civil war on their hands right after that.
@basil7292
@basil7292 Жыл бұрын
Americans benefit from imperialism so they will never revolt
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@Kite403 Lol like you snowflakes can get violent and fight 😂😂
@KingdomHeartsBrawler
@KingdomHeartsBrawler Жыл бұрын
You mean an American February Revolution. October was an opportunistic coup. The actual revolution had already happened.
@erikvan9582
@erikvan9582 Жыл бұрын
Capitalists:"Ok,we fucked up"
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Ah yes capitalism, when the government bails out banks, forces them to buy low-interest assets, causes inflation 15 years later making those assets worthless then prints money to bail out the banks.
@julesdalli9716
@julesdalli9716 Жыл бұрын
Conservatives: "But we still don't need socialism!"
@VeteranVandal
@VeteranVandal Жыл бұрын
​@@julesdalli9716 conservatives will find creative ways to blame this on trans people, somehow. They will say economy went woke or some shit like that that doesn't make sense.
@standingalone001
@standingalone001 Жыл бұрын
Basically, a system needs to control those that have wealth & power the most and those without it, the least. If the people with wealth & power do not like the controls, they can always give it away.
@VeteranVandal
@VeteranVandal Жыл бұрын
Nah. Make their existence impossible. Either by tax or glock.
@youtuber5305
@youtuber5305 Жыл бұрын
- ...The encroachments of the rich are more destructive to the constitution than those of the people. (Aristotle)
@mikev-08
@mikev-08 Жыл бұрын
Surprise surprise, when you reward greed it just leads to more greed.
@jmmclaughlin1989
@jmmclaughlin1989 Жыл бұрын
I'm all for price controls, so long as the enforcement measures have actual teeth and aren't just pretty words on paper. Also no legal loopholes allowing corporate entities to bump up prices exorbitantly even though the laws say they're not allowed to do that. In short, if a corporation price gouges out of pure greed, it gets kneecapped, plain and simple.
@MysteriousFuture
@MysteriousFuture Жыл бұрын
I would like to see a windfall profits tax instead to get companies to stop raising prices just for financial gain and this policy would filter out prices rising from supply chain issues uncontrollable to most companies (since expenses would go up to eat away the profit margin).
@kurtzFPV
@kurtzFPV Жыл бұрын
​@@MysteriousFutureexpenses can be manipulated too, such as CEOs giving themselves more money and benefits. Now if it was salary increases for workers, then I'm with you.
@julesdalli9716
@julesdalli9716 Жыл бұрын
I would start with price capping rent. A landlord who owns his property outright doesn't lose money by keeping his rent price stagnant.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Price controls cause shortages.
@raetavia8223
@raetavia8223 Жыл бұрын
​@@justsomeguy6336 You got a better solution. If not then let the government provide the supply and price out the private sector out of A job. That will make the private sector forced to work to continue to exist
@blackearl7891
@blackearl7891 Жыл бұрын
Well yeah the contradictions are getting stronger.
@cloudyskies5497
@cloudyskies5497 Жыл бұрын
I've lived in a city with government-enforced rent controls and it served to universally keep the cost of rent down.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
What city?
@colonelsandurz9267
@colonelsandurz9267 Жыл бұрын
It's not a "tenable view that all of a sudden corporations became greedy"? Oh, Larry my dude, I don't think anybody's arguing that it was "all of a sudden."
@fladification
@fladification Жыл бұрын
If you look at the price of "dollar" items at the dollar store you can see the true greed in action. The frozen hamburger that was $.99 in 2019 is now $1.50, the 1ltr coke that was $1.10 is now $1.75. The less expensive the item the more the mark up and it far exceeds any estimates of what "inflation" is supposed to be.
@SteelKreel
@SteelKreel Жыл бұрын
Nvidia is doing this right now with their new 40 series GPUs. They’re training their customers to expect less performance for more money. The thing is we know they can sell them for less and still make a profit because we just saw one of the 4080 cards get renamed to a 4070 (lower tier card) and drop $100 in price (which is still expensive for that card). AMD is their only true competitor in that market so Nvidia can pretty much do whatever they want and ppl will continue to buy
@CJatLoyola
@CJatLoyola Жыл бұрын
AMD is no better, as they could sell their new 7000 series GPUs for much cheaper than they are, yet they opted to practically match NVIDIA and only undercut by $100. Let's not even get started on AMD's CPU rip-off by rolling out their Ryzen 9 X3D series when you get better performance with a cheaper chip in the Ryzen 7 at $150 less than the Ryzen 9s.
@JohnDoe-my5ip
@JohnDoe-my5ip Жыл бұрын
Nvidia doesn’t give a shit about your greasy pocket change bruh. They’re all in on machine learning
@NextNate03
@NextNate03 Жыл бұрын
@JohnDoe-my5ip They wouldn't be all in machine learning if it wasn't about money or in your words "greasy pocket change".
@ryanw7196
@ryanw7196 Жыл бұрын
Luckily it appears like the 4070s arent just not selling out, theyre selling like shit. It appears like nvidia went a bit too far over the line with this one. Every *070 card for years has generally beaten out the previous generations *080 card thus providing a great value at around 450 dollars until this one. It doesnt beat out the 3080 and they raised the price on it regardless, people simply dont see any reason to buy it.
@bearclaw5115
@bearclaw5115 Жыл бұрын
There isn't enough competition in the videocard market. Studies have shown that adding one competitor to a market reduces prices only 5%. Three companies competing only lowers prices 10%. It takes an average of 8 competitors to bring prices down to the most competitive level. The v.c. market depends heavily on efficiencies of scale and production so the most efficient market would likely involve less than 8 competitors. But we can see that we need more than two we have!
@benkeller6027
@benkeller6027 Жыл бұрын
Hasn't this happened a few times before in regards to a possible collapse of extreme capitalism? It happened in Chile in the 70's.
@maxcarrasco260
@maxcarrasco260 Жыл бұрын
Im not a sharp person, but this seems what lead to the economic crash in the Great Depression Era
@benkeller6027
@benkeller6027 Жыл бұрын
@Max Carrasco Germany after WW1 which ushered in Hitler as another example. Argentina in the 80's. Whatever happens, it's the citizenry that suffers the most. It won't result in the destruction of your country, just the poor people and workers. The rich can leave for "warmer climates". The army and police will look after politicians and the well to do. The police and security will crack down. It will be messy, lots of lives lost, but your nation will still exist. Perhaps you might get lucky and have a strong personality, some one like Che or Castro, a Mao, Ho or Lenin that could unite the workers to fight for better rights and a government for the people and not for corporations.
@silexelias1242
@silexelias1242 Жыл бұрын
Many of these large companies are monopolies and need to be busted apart. We need another Roosevelt type president in office to relevel the playing field.
@cvrki7
@cvrki7 Жыл бұрын
Most are not. Name 5 monopolies
@methos-ey9nf
@methos-ey9nf Жыл бұрын
@@cvrki7 give me your definition of monopoly.
@cvrki7
@cvrki7 Жыл бұрын
@@methos-ey9nf When there’s one company that dominates the market share of an industry if not the only company in the industry
@anthonytwohill9726
@anthonytwohill9726 Жыл бұрын
We have mostly oligopolies. 3-5 giant corporations control between 75 to 90 percent of market share in nearly every industry. There are instances of monopolies or near monopolies regionally in some important sectors like energy and telecommunications. Those are often government sponsored monopolies and are fairly regulated (or, they used to be). While everyone is curious about monopolies, look into monopsony when you have a few minutes. Have a pleasant day.
@kitsiewr
@kitsiewr Жыл бұрын
They knew Bernie would! Neither side was having that!
@Charles-js3ri
@Charles-js3ri Жыл бұрын
There's what we should do, which we won't. There's what they want to try to fix it, but it'll fail. Then there is what will happen when it fails. Same thing that always happens, buckle up were all going to be screwed.
@darthbrandon2149
@darthbrandon2149 Жыл бұрын
Yep. The Federal Reserve will just make up a few more trillion dollars out of thin air. The stock market will take off like a rocket. Then in about a year we will be right back to where we are now. Because "capitalism" has been replaced by Corporate Oligarchy printing fake money.
@watamatafoyu
@watamatafoyu Жыл бұрын
We'll try and fix it when it becomes unbearable and too late.
@MyReviews_karkan
@MyReviews_karkan Жыл бұрын
I made $35k before this "inflation", I had some savings that I never had to touch unless I had an emergency. Now, I make $53K and I have very little savings left. It's absolutely ridiculous how expensive things have gotten. A 10lbs chicken breast bag used to be $18 at Costco, now it's almost $40. 2 gallons of olive oil I used to get for $18, it is now $38. Things have doubled and tripled in price. Don't get me started on housing and rent. I'm lucky I bought my house 5 years ago and my mortgage is only $1000, otherwise, I don't know what I would do if I had to rent an apartment for $1600. I'm not for the tax solution, because I know that we won't get any of that tax money. There should be price control and massive penalties.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Blame the government. And if you’re this stupid you deserve to be poor.
@b.w.3257
@b.w.3257 Жыл бұрын
Glad people are starting to acknowledge this.
@pillmuncher67
@pillmuncher67 Жыл бұрын
"We still know where the pitchforks are." -- Beau of the Fifth Column. "The Hamptons are not a defensible position." -- Mark Blyth.
@GalacticNovaOverlord
@GalacticNovaOverlord Жыл бұрын
What's funny is that Beau's name is derived from fascist Spain... look into his history and why he defends imperialism
@pillmuncher67
@pillmuncher67 Жыл бұрын
@@GalacticNovaOverlord I know his history. He doesn't defend imperialism.
@MrChristianDT
@MrChristianDT Жыл бұрын
The propegandizing against fixing the problem has already started, too. I was just sent two articles this week by my phone's news app- one about how millennials have made more money than previous generations combined & the other about how most people between 25-50 have managed to squirrel away thousands of dollars, despite claiming to live paycheck to paycheck & being broke.
@fmbbeachbum8163
@fmbbeachbum8163 Жыл бұрын
I believe that corporate profit is 90% responsible for inflation, maybe even 100%. Should have been a federal price freeze on everything when the pandemic started & lasted until it was over, unfortunately we had the worst leader possible in history to lead us through it. No one even condsidered a price freeze for the entirety on the pandemic.
@zacharygirgenti3790
@zacharygirgenti3790 Жыл бұрын
These regulations would be very helpful, but the damage has already been done. We've just spent the last 3 years trying to survive a plague while corporations bleed us dry. The wealth disparity has spiraled even more out of control and they aren't going to give our money back. This has already damaged generations of families across the United States.
@iamalongusername
@iamalongusername Жыл бұрын
The system isn’t just collapsing here, everywhere we look it’s destroying everything including itself.
@elisebalk
@elisebalk Жыл бұрын
We're getting to a worse position than the world was before the great depression. (GD) Last time, the only thing that fixed the GD was WWII Things are starting to ryme again.
@cl8804
@cl8804 Жыл бұрын
woooooooo
@JeffCaplan313
@JeffCaplan313 Жыл бұрын
Which would you prefer, WW3 or the coming of a new messiah? How can the new messiah avoid being compared with Hitler? Maybe if he forgives the Jews, this time around?
@cl8804
@cl8804 Жыл бұрын
@@JeffCaplan313 we out here balkin' at the thought
@robertaylor9218
@robertaylor9218 Жыл бұрын
By default I don’t support windfall profit taxes. However we are talking about transparant price gouging during a national emergency (during which these companies received federal and state aid). People go to jail for that, so yeah, having ill-gotten gains seized is definitely a remedy that should be on the table.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Go look up what windfall taxes did to Harbour Energy in the UK
@MysteriousFuture
@MysteriousFuture Жыл бұрын
Windfall profits tax would be a more targeted approach to filter out price increases due to solely financial gain
@robertaylor9218
@robertaylor9218 Жыл бұрын
@@MysteriousFuture agreed. And under the circumstances I would support it. I’m not sure it’s the best choice, because I don’t know if there really are more options than the two Kyle listed. But it does appear to be the better of the two.
@robertaylor9218
@robertaylor9218 Жыл бұрын
@@justsomeguy6336 a cursory glance shows a price gouger who had its ill-begotten gains clawed back. It also looks like they may be attempting to shift the cost to customers. There however seems to be a mechanism to get in the way.
@JonathanShidler
@JonathanShidler Жыл бұрын
[insert Neil Patrick Harris telepathicly reaching out into the brain bug that is Capitalism] ..... It's afraid.... IT'S AFRAID!!!!
@Cthulhu013
@Cthulhu013 Жыл бұрын
It is time for the economic bill of rights!
@chrisbaker7858
@chrisbaker7858 Жыл бұрын
Haven't commented in a bit so here it is...Kyle you've been on fire with your political stance over the years, being more fine tuned than your previous years as expected in personal growth but I have to say, you're growing onto many that had doubt and I hope it continues! Also, I've always appreciated that you're able to judge Yang fairly and call out the establishments guerilla tactics used to derail candidates that pose a threat to them, your commitment = the reason I hold out hope for the future. -TheB4G3L
@mjohnson1741
@mjohnson1741 Жыл бұрын
Karl Marx stated that capitalism digs it's own grave but he was labeled a crazy commie.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Ah yes capitalism, when the government bails out banks, forces them to buy low-interest assets, causes inflation 15 years later making those assets worthless then prints money to bail out the banks.
@boltstrike2787
@boltstrike2787 Жыл бұрын
I mean he is a commie, he invented the term after all, but he's clearly not that crazy.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@boltstrike2787 - is a commie - not crazy Pick one.
@barbiquearea
@barbiquearea Жыл бұрын
Marx was extremely naive. His ideas were good on paper but didn't work in practice. He assumed that maintaining a largely centrally planned economy would be relatively straightforward. But one of his contemporaries, Henry George (a well renowned economist and popularizer), pointed out that if Marx's ideas were ever tried on a national scale, an authoritarian government would almost certainly be the end result. Marx's grandson had come to a similar conclusion shortly after the Russian Revolution (that grandson was an active member of the SPD, Germany's socialist party). The problem is when you get rid of capitalism, the alternative is to have to a top down centralized and planned economy, which often leads to authoritarianism. Which in itself results in a lot of worse outcomes than the worst excesses of capitalism.
@mjohnson1741
@mjohnson1741 Жыл бұрын
@@barbiquearea I'm glad my comment is thought provoking. Correct, Marxism has never truly been practiced and isn't without flaws indeed. However, I think his criticism about capitalism still stands to this day. I think we more need to be concerned about extremes when it comes to issues in general especially economic. Everything works on balance, it's when there's an imbalance that creates the issues.
@sixstanger00
@sixstanger00 Жыл бұрын
I've been saying this for years. The system we've setup is fundamentally unsustainable. Reaganomics is literally meant to suck all the wealth from the bottom and funnel it to the top 1%. Eventually, your system starts to collapse from the bottom up because people at the bottom of the totem pole no longer have any money. Then the people above them don't. Then the next tier, and so on. The capitalistic system depends on average people buying shit. When you take away their ability to do that, the whole machine stops working. At the theoretical end of this road, the 1% will control 99% of the wealth, and the economy will grind to a halt. That's probably when anarchy will set in...
@THarSul
@THarSul Жыл бұрын
Read this article when it was going around reddit, glad to see it making the rounds over here too, this is really important info.
@natecote1058
@natecote1058 Жыл бұрын
We should start with SMASHING monopolies. That should crush CEO pay and slash prices with competition. Seems insane to impose price controls on say food when theres what like 3 meat processors in the entire country? Maybe we need to do it all: wealth tax, price controls, smash monopolies and profit taxation. If only we were represented in congress...
@Shane-zl9ry
@Shane-zl9ry Жыл бұрын
What happens at the end of the game Monopoly? 🤔
@HandleNameIsStupid
@HandleNameIsStupid Жыл бұрын
Usually someone throws the board up in the air lol
@jameskent5347
@jameskent5347 Жыл бұрын
@@HandleNameIsStupid that’s what the American people need to do right now
@King_Dusty_Of_Pookytopia
@King_Dusty_Of_Pookytopia Жыл бұрын
My car insurance company did this crap to me. I was about to buy a policy and then a mysterious $100 increase appeared. I called to investigate and they said "it's because of inflation". This isn't inflation it's just naked price gouging.
@kelly-bo-belly
@kelly-bo-belly Жыл бұрын
At first I avoided watching this video, because I thought the title was clickbait and hyperbolic. Now I’m glad that I sat down to watch this, because it was a fkn great segment.
@CadetBoneSpurs
@CadetBoneSpurs Жыл бұрын
Poor people never crashed the economy.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Neither did rich people.
@jacobgarcia4188
@jacobgarcia4188 Жыл бұрын
​@@justsomeguy6336 Do you like to put salt and pepper on your boots?
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@jacobgarcia4188 Troll.
@wlanwlan4627
@wlanwlan4627 Жыл бұрын
@@justsomeguy6336 says the troll
@jacobgarcia4188
@jacobgarcia4188 Жыл бұрын
@@justsomeguy6336 Nah, you're part of the problem
@luker.6967
@luker.6967 Жыл бұрын
We need at the very least sophisticated price controls which put caps on profit margins, with SEVERE penalties for executives of companies which can be shown to have intentionally subverted them. I don't see a legitimate argument against this at all.
@TheStarlingFlight
@TheStarlingFlight Жыл бұрын
You know we’re fucked when even the banks are saying it out loud.
@DharmaPunk111
@DharmaPunk111 Жыл бұрын
When the United States was founded, they separated church and state because they saw the church as another pillar of power all on it's own independent of the state. Now it's time to recognize business and corporate power as another pillar of power. We must separate corporation and state powers for good.
@maddiemabry2587
@maddiemabry2587 Жыл бұрын
lets GOOO! how painful this experience may be but this is the moment we have change for good shepherding in
@MrTheLuckyshot
@MrTheLuckyshot Жыл бұрын
Kyle: "Doing nothing is not an option [earnest]. Doing nothing is not an option." US Gov't:
@Anuchan
@Anuchan Жыл бұрын
Putting regulations and policies in place -- the ones corporate leaders have worked so hard to dismantle -- could put our economy back on track. Keep corporations from controlling Congress with their contributions, nothing more than legalized bribery. Capitalism is dying, but it doesn't take much to get it back on track.
@VeteranVandal
@VeteranVandal Жыл бұрын
Why trying to bandaid a gaping wound? Just get rid of the disease instead.
@FeralWorker
@FeralWorker Жыл бұрын
Hope everyone's training themselves to organise however they can. Do right by your health, be in or start a union if you're working, see what organisations you could join that are already working working on stuff, practice writing and articulating the issues yourself, or have a go at starting something yourself if you get inspired.
@TheFrigidMidget
@TheFrigidMidget Жыл бұрын
I remember reading an article years and years ago, there had been a study conducted in the 70s or 80s from a well regarded university that concluded Capitalism and the inequality it generates would likely lead to mass civil unrest and a significant global change (uprising) in 2040s-2050s. Looks like they lowballed the human greed factor cus we seem to be maybe a decade or less away at this point. Also, if anyone remembers that study, please let me know. Have tried to find it recently, but it still eludes me.
@alecgarcia9196
@alecgarcia9196 Жыл бұрын
Wish politicians would fight corporations the way meatball Ron fights Disney.
@katiepersons6575
@katiepersons6575 Жыл бұрын
Hopefully they would do it with greater competence.
@n0tk0sher
@n0tk0sher Жыл бұрын
Most politicians are captured by corporations.
@troyjardine5850
@troyjardine5850 Жыл бұрын
You don't like Disney because they are "woke", I don't like Disney because they are a greedy megacorp with a monopolistic stranglehold on the entertainment industry, We are not the same.
@YTPartyTonight
@YTPartyTonight Жыл бұрын
I don't. DeSantis is losing.
@JohnDoe-my5ip
@JohnDoe-my5ip Жыл бұрын
Meatball Ron’s been getting spanked by the mouse. I want them to handle corporations the way the CCP handles corrupt billionaires
@anakyn2010
@anakyn2010 Жыл бұрын
Katie Porter deserves credit too
@Fatemaforlife
@Fatemaforlife Жыл бұрын
They will not stop with their greed until someone or some groups physically make them. Social unrest is unavoidable.
@JamesPetroff
@JamesPetroff Жыл бұрын
Another solution is antitrust enforcement. If you are a monopoly like the baby formula companies, the Justice Department should take action and break you up if you charge extortionate prices. So, while price controls are trendy talk, actual enforcement of antitrust laws will get the attention of the people causing greedflation.
@LetsGetItDone2024
@LetsGetItDone2024 Жыл бұрын
Sounds like these financial institutions need more bailout money.
@saininj
@saininj Жыл бұрын
They should pack a brown bag and learn to code. Also gotta give up their avocado toast and Netflix.
@cl8804
@cl8804 Жыл бұрын
woooooooooooooooooooooooooooo
@julesdalli9716
@julesdalli9716 Жыл бұрын
The government will sprint with bags full of money to give it to them. Probably stepping on a few hungry children on the way.
@VeteranVandal
@VeteranVandal Жыл бұрын
They see line not going up as hard and are wondering why that.
@UsrUnkn50
@UsrUnkn50 Жыл бұрын
A Subway sandwich now costs 15-20 dollars.
@mookiestewart3776
@mookiestewart3776 Жыл бұрын
yeah i went to subway the other day and couldnt believe it was 16 bucks lol, that shit has nothing to do with my little check that i got two fucking years ago. Its gouging period
@playlistenthusiast
@playlistenthusiast Жыл бұрын
I miss the five dollar foot long.
@JakandDexsters
@JakandDexsters Жыл бұрын
yea and all of you must be in those karen ken videos of screaming top of your lungs for the prices their ceo assigned them trolololololol
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
@@mookiestewart3776 How is it gouging?
@p1ls726
@p1ls726 Жыл бұрын
@@justsomeguy6336 How is it not?
@ryans3001
@ryans3001 Жыл бұрын
Carl Icahn said in a recent interview that today's corporate management is the worst he has ever seen. This guy knows.
@fmbbeachbum8163
@fmbbeachbum8163 Жыл бұрын
Inflation goes up 3%, company raises prices 20%. Break up the monopolies.
@trappedinamerica7740
@trappedinamerica7740 Жыл бұрын
Sadly we will have to have another Great Depression first. It’s coming though
@zcorpalpha2462
@zcorpalpha2462 Жыл бұрын
More like a Great Darkness of Fire 🔥
@shybard
@shybard Жыл бұрын
I'd prefer price controls. It's much better to stop the problem before it happens.
@justsomeguy6336
@justsomeguy6336 Жыл бұрын
Price controls lead to shortages.
@VeteranVandal
@VeteranVandal Жыл бұрын
Nationalisation of industry and production and distribution according to need instead.
@limolnar
@limolnar Жыл бұрын
It was bound to happen. A primary rule of the universe: whatever goes up must come down; the higher it goes, the further it falls...and at this point after 50 years of upward growth we've got a drop well below early-80's levels.
@Cyberdemon11120
@Cyberdemon11120 Жыл бұрын
I'm on the side of forcing all large U.S. based corporations to reform into Worker Owned Co-ops. This solves the problems with Greed-flation and Corporate corruption of the government. It also gets rid of most if not all of the other nasty problems Capitalism is causing.
@sethskullsberg7787
@sethskullsberg7787 Жыл бұрын
Don't forget about Katie Porter
@anthonyrosewarne9259
@anthonyrosewarne9259 Жыл бұрын
I give Kyle a lot of crap for stupid stuff, but this was just an excellent and important segment.
@Anthonycheesman33
@Anthonycheesman33 Жыл бұрын
Why you give him crap
@anthonyrosewarne9259
@anthonyrosewarne9259 Жыл бұрын
@@Anthonycheesman33 yo what up fellow Anthony. His takes are bad at times 🤷🏼‍♂️, nobody is perfect. But I agree with him on like 70% of things.
@zcorpalpha2462
@zcorpalpha2462 Жыл бұрын
I’m starting to agree with him too
@NextNate03
@NextNate03 Жыл бұрын
What would happen if we let capitalism fall/fail? What would replace capitalism?
@limitisillusion7
@limitisillusion7 Жыл бұрын
There's going to be price controls soon, necessarily. I can see it written on grocery stores now: "Take all you need, but eat all you take!"
@jpm8288
@jpm8288 Жыл бұрын
Greedflation can only happen with extreme consolidation in industries. In a competitive market, this would not be possible.
@VeteranVandal
@VeteranVandal Жыл бұрын
It's impossible to have competitive markets under capitalism. Even when breaking monopolies, since eventually someone lobbies the unenforcement of such laws.
@philippebrehier7386
@philippebrehier7386 Жыл бұрын
"Capitalism is like a dog in heat, we need to put a leash on it or it will f... everything". Elon Musk🧠 Just kidding. No way a far-right libertarian like Musk could have said that. It was Jesus.🤪
@ronaldkrikorian4712
@ronaldkrikorian4712 Жыл бұрын
I hear this everyday for the past 8 years! Greetings from Australia 🇦🇺
@skellener
@skellener Жыл бұрын
Thank you Kyle. I wish more outlets would report this.
@TheAmericanAmerican
@TheAmericanAmerican Жыл бұрын
THIS is what I'm talking about! More of THIS and less of babybrained Ukraine takes!
@saltyp123
@saltyp123 Жыл бұрын
Gee...who wouldve thought deregulation would end so badly...I don't blame capitalism because I like having options between a nerf gun and a pet rock...I blame deregulation enacted in the 80's .
@mookiestewart3776
@mookiestewart3776 Жыл бұрын
there would still be choice under market socialism, ironically under unfettered capitalism you end up with false choices/no choices
@BronnyJames2025MVP
@BronnyJames2025MVP Жыл бұрын
Socialism is the highest form of democracy. Read a book.
@RK-ej1to
@RK-ej1to Жыл бұрын
People really like to use capitalism to describe free enterprise, as if it’s the only system In Which free enterprise exists.
@saltyp123
@saltyp123 Жыл бұрын
@@mookiestewart3776 I don't know about that...We figured out mountain bikes. No pure socialist country were rocking those out. I'm for free healthcare, free college, more social services...but leave the economy to regulated capitalism....you can't get to big and buy your competition. Now, if you can assure me that we'd have mtb's in their current state of development and I might be all in...but I think that comes from a capitalist mind set.
@saltyp123
@saltyp123 Жыл бұрын
@@BronnyJames2025MVP Didn't say anything about democracy.....read my comment
@Longknife
@Longknife Жыл бұрын
I'm a dual citizen. I remember like a year ago, the war in Ukraine started and this jacked up oil prices. In Germany, Russian imports accounted for over half of Germany's gas, so this was a huge change. Surely prices will spike, right? Well, yes and no. Germany decided to aid low income families by releasing travel tickets for our bus and train systems that enabled people to utilize them in full for only 9€ for the entire months of May, June and July of 2022. For context, usually one month costs like 60€. (varies by location of course) They also passed legislation where the price of gas for heating was only allowed to inflate past a certain point for end users and private households post-2024, as a means to protect it's citizens from leaps in costs they couldn't afford, at the very least turning it into a gradual increase that was easier to adapt to. So despite the dependence Germany had on Russian gas, prices went up, yes, but only about as much as you would expect from any instance of inflation that periodically happens. There's *still* discussions about doing more to cut down costs of public transport or increase bike pathways (yes, people can bike to work here since not everything is built 15 miles apart like the American Midwest) to help give people alternatives. In the USA....? Only 8% of gas is Russian. Yes, of course the change will have an effect on the market as a whole, but the point is USA was actually in a terrific position to fill this gap on it's own, either with gas from elsewhere or via other energy means. Despite this, USA simply said "everyone's gotta chip in" and basically attributed it to personal responsibility of it's citizens to do their part in dealing with it for the good of Ukraine. I'm sorry to say I don't remember the exact price increase at gas stations in each respective country, but I do remember being absolutely alarmed that....as a general rule, Europe pays much more for gas at the pump and has for decades, and so much so that no matter what kind of inflation of gas prices Americans complain about, they're usually categorically better off than Europe and have no hope of ever reaching European levels. But in 2022...? Gas prices in USA raised so much and so significantly that USA was almost paying as much as Europe. 55% vs. 8% and somehow that 8% had much worse inflation by a mile, and absolutely no attempts were made by the government to alleviate the issue for it's citizens. Would be curious to know gas prices at the pump now in USA and if they've dropped since then or not. I remember looking at that back then and thinking "oh USA being greedy again," and this is basically just confirmation of what I already knew: that USA is merely profiteering off tragedies and many commodities are being artificially inflated, simply because the corporations in power feel they have a reasonable excuse to do so that allows them to get away with it. *EDIT:* Did my best to look into gas prices today by country. There are parts of California paying $5 per gallon, and the German average is 1.67€ per liter, which converted to gallons is 6.3€ per gallon. In 2022 I recall the price in USA raising as high as 7$ in some areas. Prices were higher for Germany then too, but have since dropped. Here one can see how they were easily within range of eclipsing, something that normally doesn't happen whatsoever. It seems both countries have seen their prices slowly fall since then and we're back to a norm of EU prices being higher (again, I cited California as worst case here), but one can also see how USA price increases were comparatively absurd. Europe already suffered from a whopping 10% increase in prices, but even if we assume the 7$ prices were California's (the worst offender), this is a whopping 40% increase to it's prices, something that it would not surprise me if 40% increases were seen nationwide because the USA is just that greedy.
@primal9238
@primal9238 Жыл бұрын
The only reason it hasn't come all crashing down is because of how dumb the average voter is. They get distracted by pointless cultural war issues or even if they notice it they lose interest a few weeks later. The corporate culture in America is what's causing us the most harm currently. They're money in politics needs to be removed and they need to be held liable for the laws the same as everyone else.
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