I recommend you go watch the Webinar -> kzfaq.info/get/bejne/h5qIZdSF3drbhoE.html Quite often these podcasts follow on from a Webinar that includes questions by others and watching both can give you a better more rounded understanding of the topic.

Not seeming. Read the Rand report on inequality covers the last 40 years of Reaganism and thatcherism and the neolibs

@@marybusch6182 Good comments from both of you. I'm an engineer who started listening to these types of discussion so I could better handle people with economics backgrounds from wrecking projects with dumb decisions. This is one of the most interesting talks/interviews/podcasts Mark has done because it explains (in part) what some of the hyper-industrialists are. Someone like Charles Koch who's worth over $100 billion and trained as a chemical engineer (at MIT) doesn't fit the normal capitalist. He's got so much money, why bother with the immense effort at political power he's chasing through his think tanks and attempt to hold a constitutional convention where he can rewrite the parts of the US Constitution he doesn't like. I have listen to these talks several times as well as a longer version at the University College of London's similar IIPP page: kzfaq.info/get/bejne/bsiZq82iurHTpnU.html I think people like Charles Koch, Elon Musk, Jeff Bezos, Bill Gates are some from of hybrid mercantilists. None of them are states or driven by state power but they all want political power in one form or another and they do it through mercantile (as in industrial) control using things like patents and licensing fees intermingled with technology. Maybe they are techno-mercantilists. What do you guys think?

I absolutely agree. I'm an engineer which means I am normally wanting to throw stuff anytime a economist opens their mouth, but Yanis is someone to listen to. He was interviewed by David Pakman a few weeks back and made a great comment with explanation that Social Democracy only works when Capitalism works. They are 2 things that need each other and the reason democracy is failing is because capitalism is failing. More recently in an interview on Democracy Now he commented that we have to give Putin a way out of Ukraine. He quoted Sun Tzu on providing a golden bridge for your enemy to retreat over. Maybe his time in politics has made him move on from just pure economics. I'd also recommend you go watch the Webinar of this podcast. Quite often these podcasts follow on from a Webinar that includes questions by others and watching both can give a more rounded understanding of the topic. -> kzfaq.info/get/bejne/h5qIZdSF3drbhoE.html

@@tonywilson4713 Did he really say social democracy works when capitalism works? I just looked up the definition. Seems to me the two are incompatible.

@@oswarz Yes he did and yes he explained WHY they both need each other? Capitalism works if there is a society with enough wealth to make it work and wealth comes from education and the freedom to earn money. If consumers can't earn they can't buy and if they can't buy how does capitalism work? Social democracy works if people can have a better life otherwise what are they working for. If their lives aren't getting better they will simply vote someone else in. If they are not being given viable choices because the ultra rich are rigging the system they will turn to and vote in a radical either from the extreme left or extreme right and that ends up in things like the Second World War or any of the disastrous single party systems since. Think of capitalism and social democracy like 2 kids on a seesaw. Yeah they can go up and down and so long as its reasonably balanced it works. But if one kid is way heavier than the other its not much fun.

Pieces?

Free trade is free, or it is full of arbitrary regulations that keep poor people out. So I'll take free markets.

Americans are completely puzzled by "liberal" used as a catch-all for nothing.

Perhaps that's because présent day American politicians on the right forget the 17th century English political philosophy that influenced early American political economy.

🤣 💯 😭

the people who mislead conservatives often take some name and use it wrong. the latest great example is crt, which is this dreamed up by the devil and greg abbott thing that never existed and has nothing to do with real crt.

I'm Australian but went to college in America. When ever I tried to explain that out Liberal Party is part of our right wing coalition it confused the crap out of them. Part of the problem is that American have 2 distinct groups - libertarians and liberals and both have at the core of their identity "liberty." They think because the libertarians are right wing that the liberals must be left wing and that's the biggest mistakes Americans make. Here's the conclusion of someone who's lived in America. LIBERTARIANS believe that government should not place any rules ON THEM so they have the liberty to do whatever they like and that includes placing their rules on others. LIBERALS believe that government should place rules on society to make sure people don't deprive other people of their liberty by putting rules on them. LIBERALISM can either refer to society or economics while NEO-LIBERALISM is purely economic. Consider that Regan gave the world Reaganomics and deregulation then Bill Clinton followed with globalisation and free trade. There was a recent chart put out on the top 25 inside traders in congress who're making millions on stock trades where they are making decisions. The top 4 were Republicans but there were more Democrats on the list. Basically America is dominated by 2 almost identical ideologies where both sides are obsessed with wanting to remove rules from their lives while placing more rules on others so that they can continue to do what they want to do - make more $$$$.

SNEED

FART

Lol. Classic angry KZfaq comment.