I can’t wait!
Workers could work for an equity position if they come to the table with no saved capital. Stop trying to use the force of Government (banks) to change the game. Use free markets. I agree with the commentators issue with labor but his way of fixing it, is authoritarian. Workers should get a piece of the equity in the corporation (business) they work for and then they will have a vote in the running of the business. But, remember they must also share in its losses. AND people need to stop borrowing money.
there are successful worker owner companies – Land O Lakes, SW Air are two I know of.
I don’t know how you end bank rule without the help of government – do you believe banks will give up the politicians they own cause they are nice guys?
Do you really think banks are going to allow a free market out of the goodness of their hearts?
Every time he says capitalism or capitalist, replace it with corporatism and corporatist. This is not the 19th Century.
The force of government IS the recourse of the people. However imperfect and subject to corruption when people are asleep at the wheel, it’s the only recourse to the tyranny of the corporate class. Free markets only act in the interest of growth for it’s participants, not immediate social needs.
hate this guys delivery… so condescending… so superior… so dismissive of anyone who doesn’t agree with him…so all-knowing of the only truth. sounds like he has spent his entire life in the world of schools.
Ever notice that the real estate hyper inflation factor is not discussed? As wretched as some pay rates are it would be more tolerable if every body that owns or sells real estate would quit jacking up the price of real estate. The inflation of real estate renders the value of wages and savings meaningless and is an impediment to getting started in life.
Real estate is just a place to live and not an investment vehical. There is no justification for it to cost alot. If you crave wealth ,save and invest in something productive or rare like gold or silver.
This guy has some quality; I can see why Max put this up. His points I enjoy (1) The mere mention of Marx triggers averse reaction, without any conception of Marx. (2) The current structure of “capitalism” equating to serfdom (3) The government, at its ideal, being an arm of the people.
Has anybody else noticed how vague the word ” socialism” is now being used? It’s as if “socialism” is the problem, when its use could mean almost ANY and ALL government spending. Some people I follow in the PM Community (e.g. BrotherJohn, Andy Hoffman etc.) clamor on about socialism. But I notice more and more that they don’t talk much ideology, or about the “capitalist” structure outlined in this video. I think their eye is off the ball.
I couldn’t possibly agree or disagree with the proposed solutions in this video. Who can really conceive of a structure that works for everybody? All I know, is that a lot less central control is important, especially in the instance of potential grassroots commerce. That’s one attitude I find consistent in myself.
Since Marx failed to predict the supremacy of finance capital (he thought it would be made to serve the interests of industrial capital) I think Marx is not the economist we should look to for the answers. That is not to say that he did not make some valid observations about the nature of un-checked “capitalism”.
JM Keynes’ counter-cyclical fiscal spending theories can not work under this environment. The economic environment in which Keynes lived was very very different than the massively distorted and freakish situation we have now.
In order for anything to work, we first have to get rid of the War Criminals, Bankster Mafia, Corpo-Fascist Oligarchy and clean house of the corrupt Politi-Whores who serve them.
We can then have a fair and open debate on what kind of system WE THE PEOPLE want. Thus far we have lived under economic dictatorship.
In my opinion, instead of Marx and Keynes, who are long dead; we can look to the living : Dr. Michael Hudson, Dr. Paul Craig Roberts, C.A. Fitts
Besides, everyone seems to be an expert on Keynes and Marx, yet very few have ever cracked open one of the three volumes of Capital or the General Theory
There is no freedom and democracy without people having a say in the economic system. We are living under a repressive economic dictatorship, yet few even realize it. The PR/Propaganda of the media cartel has been hard at work to maintain that.
It is difficult to have an adult conversation with anyone using terms like “socialism” “capitalism” Marx, Keynes etc. These terms have been reduced to emotional buzz-words almost completely empty of intellectual substance.
The presstitute media have played a key part in that.
Anybody ever heard of Thorsten Veblen?
Great talk guy. Now please point me in the direction of your nearest public bank here in the good ol’ US and I’ll be sure to… What’s that you say? No such thing, whatever do you mean? I have to go to a Primary Dealer bank and or thousands of other privately held banks of varying sizes.
Now please return my Nanna’s eyeglasses before she breaks her hip.
Hey i know lets try capitalism first? Can you please point me to a free market? Can you point me to an bank that has been allowed to fail. The Market is self correcting when it comes to falure but nothing has been allllloowwwwed to correct. No no we do not have capitalism here this is fascism corporatism whatever you want to call it. The problem i have with Marxist in their theory they dont see a the middle class and the upper middle class. The only effective way to do this is to confiscate the wealth of the middle to upper middle class. So one your stealing and two you basically moving wealth from one end of the pond to another. So whats the point?
Marxist see the pursuit of more wealth by the wealthy as the problem and i agree this is a problem in our society depending on the circumstances. Although i don’t see it as the fundamental flaw as the Marxists does. The wealthy invest in new start-ups/technology basically investing in growth and yes if invested wisely they may gain from it. Innovation takes incentive risk and investment the education workers will come!
I’m sure we would have an amazing infrastructure under circle circle dot dot but innovation will suffer after the government confiscated the wealth of possible investors to invest in innovation. We all know what happens when the government chooses winners and looser. We in America will start to see the the type of innovation the Russian Auto industry put out! Yay Marx!
Great video. Good points that were well presented. Especially circle circle dot dot. Gotta love it. Only in the US would anyone think of inoculation before discussing Socialism.
we have a few problems in the way towards any direction anyone here would like to take; other than the path to slavery we are currently on.
as long as we have politicians, bankers and a public that, even still, is sound asleep nothing will change for the better.
no matter how many ways I look at this thing I always come back to a large group of like minded people coming together in one state and legally seceding.
depending on who shows up I believe once the people are there they will figure out the rest. As John Dewy said, “Change is the norm.”
I have been thinking lately about what happens once the people arrive and what would happen to those who would venture in to purposely gum up the works and the price they would have to pay in penalties especially, in the early stages. If we are honest and transparent history will justify those actions.
but this time and most of all we really have to strive towards better.
@Gregers Werle I don’t know what your definition is for a bank – but I can tell you people are using local currency and bitcoin to do business all over the place and some of that local currency is being held against pms
@hosereh his argument is that capitalism always arrives at the same place, top down.
I get the impression that with a worker based economy the wealthy are now the people who work at the company, they are also the investors. Chances are if you are invested you will work harder and better and if you don’t you’re out.
What they’ve done in Germany with unskilled labor – tho I think everyone has a skill – is work so many hours a week for their keep – everyone contributes – even if that means knitting booties for premi-babies at the local hospital, along with the opportunity to advance your education in order to find what you are good at or perhaps your nitch; even if that means just sweeping up.
The idea I see is to keep capital liquid and moving – that’s is one of the things holding up the US economy, hoarders.
Money must always be moving and once it stops so does work.
It comes down to effeminacy and organization as the foundation – and if you got a good idea there should be a place for you to take it, expand on it and not just because you were a lucky sperm.
now I have
While I think that Marx and Keynes were great economic thinkers of their times, I find it disappointing that folks like Veblen are forgotten. Also, that the famous figures like Adam Smith are often quoted out of context and large tracts of their work is intentionally omitted for ideological purposes. Same with Marx and Keynes of course.
Mainstream economics (academic and otherwise) is not an “objective” field of academic study but rather a narrow ideology to serve the interests of an entrenched oligarchy.
Thanks for your posts. I always enjoy them.
i have run across ths clown in the past im sorry but marx took all the bad ideas of the fabians and made them worse ON PERPOSE as in “for a reason” and it was NOT for the “good” of “workers”…………i mean LOOK at what HAPPENED when the system was used GOOD GOD!
what this clown needs is to go to work for foxcon IN CHINA and actually experence what communists DO to workers………..IDIOT I qiut wachng the second he started condescending.
what marx DID in reality was predct the outcome of the fabians meddlng and take a short cut to get there FIRST………. he NOT take the “workng class on a DIFRENT path OR do as any person with MORALS and THAT Information SHOULD have done, wich was lay the WHOLE nasty MESS out for the PUBLIC to judge what the elites were ACTULLY doing to us!
he was A MONSTER who like a pedo stalked a dysfunctional family in order to molest there kids. and NO am NOT exaggerating AT ALL!! he saw the start of the dumbng down prosess that leads to WEAK minded people like mr gullable here believing ANYTHING there told and accepting it with NO “crtical examination” (like CHILDREN) becaus schools GOAL is to REMOVE this instinctual self defence mechanism! the LAST thing the elites want is a sweat shop worker who can look around and DECIDE that the situation is unsafe and start trouble. or a solider who can examin the “war on terror” and decide for themselves that this is not MY fight. the result is that the 99% are children no matter what age having been forced past maturity with out being allowed to actually mature. marx relized that he and his ilk would be able to do what ever they wanted to us , as WE have been rendered unable to respond.
@jischinger The idea I see is to keep capital liquid and moving – that’s is one of the things holding up the US economy, hoarders.
LOL hardly dude , the reality is that in fact there is NO place to invest it “safely”………… the planet is ONLY so big and we are usng an infinate amount of capital at ths point THAT is what is driving all this malinvestment A ‘bubble” in capital its self.
SS and all pension funds are REQUIRED to invest the money they take in and do it in specific markets THIS captal flow has now FLOODED those ‘markets’ with TOO much capital and the PLANET can no longer generate enuff income to pay the intrest on that infinate amount of captal this is reflected EVERY WARE you care to look………logicly it was ALWAYS clear we would eventually get here we now need to admit this is the situation!
we are NOT at ‘peak oil” we are at peak planet. ……………..two choises now face us EITHER we shrink back to levels THIS planet can aford to suport OR “BOLDLY GO” and restart the colonial prosess all over again off planet this time. the problem is that “safe” that aint so there wont be ANY real capital spent on it.
“we first have to get rid of the War Criminals, Bankster Mafia, Corpo-Fascist Oligarchy and clean house of the corrupt Politi-Whores who serve them”
Yup that’s the core of the problem. Everything is a racket now: managed democracy and a fake “free market”. Actually, “managed democracy” is such a euphemism but there it is – inverted totalitarianism otherwise known as corporate rule.
@JonnyJames welcome – and isn’t it always the oligarchs
@kdt Communism in China is like a Capitalists Free Markets in the US – it doesn’t exist
Regardless of the system, without education and common sense regulations your economy will be corrupt.
Investment is how you hold wealth – in order for it to grow, in a moral way, it has to keep moving, in a moral way – it’s not that hard when you have an educated public and common sense regulations.
@jischinger you totaly missed my point, “Investment is how you hold wealth” ONLY if there is some where SAFE that provdes a RETURN aka INCOME where you can stash it and ONLY then does it hold wealth , and MY pont is that this planet has run out of those types of Investments the “markets” are saturated and the pools of capital have become nothing but a huge moral hazard to the PTB and the crime spree we are wtnessng is the direct result.
To say that we at the bottom are destitute of capital is incorrect those at the bottom actually posses the entire means of production for without labor there is no wealth. The real problem is that there is no way for this portion of society to capitalise it or rather convert their potential into transeferable wealth. The banks with the power to create capital at will and charge interest on that created capital have this power as a monopoly. This monopoly is a hang over from ancient times of monarchy when life and death were in the hands of the established aristocracy and they accumulated all wealth even the potential capital of the people then considered property and chatels.
That system which was created in less enlightened times has tramsmutated into the system we have today without there being a reset. Those who had profited from the system in times past were permited to hang on to the gains they had aquired through threats of and actual violence.
Whilst no longer rquiring serfs to do the work because of mechanisation they discarded their previously owned property and through enclosement of all productive land disenfranchised the population. Disenfranchisement whilst sounding intantaneous is in fact a process as it requires progressive operation to be succesful. If all were disposessed at one time discontinuity would alert the masses that they had been disguarded and unrest would forment. So it is important that enough folk were left with some wealth but just enough to outweigh sentiment towards violence. This wealth left behind has been progressively re-acquired over time through the gradual depredation of the sections of society who are not sufficiently connected trained on how to protect themselves and use the system for accusition. And you thought they weren’t as smart as them……no you just weren’t as ruthless.
There was never any chance that you could survive much less thrive under such a devious system to do so takes generations of wealth , privilege and the appropriate education. This you did not recieve. Today a similar thing is occuring with legislation and law. How many of you have been trained in civics so that you could responsibly administer an estate under todays’ legistative framework or for that matter correctly understand you relationship to the law? That right none! and yet they will arrest you and confine you confiscate what you think you own if you step out of what should be considered, by us, as their arbitrary rules. This is because the system rests on all that has gone before and we weren’t invited to the creation of those laws.
Is there a way to right the wrongs that have been committed against us?
Perhaps a bottom up formulated and constituted truth and reconciliation commisions. These could be formed within the present demographic areas ie: along county, ethnic or political boundaries the system of division is not as important as the process. They would have to be voluntary less a monster of greater proportion is created. I say voluntary but considerable force of public opinion and public exposure should be applied with generous offers of forgiveness to those who co-operate and societal exclusion of those that refuse.
Accounts of wealth and how it was attained should be the order of the day.
Alternatively, an embargoe of several generation on inheritance could do the trick with a line drawn in the sand as a cut-off date.
Thanks M&S, a thought provoking video.
@jischinger also: Communism in China is like a Capitalists Free Markets in the US – it doesn’t exist
yes they do but there the EXACT same thing , (@JJ re:Marx and Keynes) got to love how the “socialism” cult ignores the FACT that marx states that capitalisim is the “road” to socialism and capitalists pretend they favor “free markets”, 1) you cant be the “road” TO somthng with out being PART of that thing and 2)if capitalisim “creates” markets as it claims to then they are “limited monopolies” NOT free markets.
@kdt money has to be fluid because it is a means of exchange and if there is no exchange there is no money.
the investment paradigm has to change – people before profits
it comes down to what you value and the quality of life you want in the society you live
If I invest in people who will come up with a way to take a source of energy making it efficient, clean and safe I’d say that was a pretty good investment.
Others may do the same, but withhold the technology because they are invested in a less efficient, dirty and unsafe technology. They want to hold onto the new technology until they use up all the old technology and develop ways to withhold and control the new technology. It’s a power trip for them.
these are old school lessons here – the 7 deadly.
justice, integrity and trust need to be put back in charge – these have to mean more again than profits and greed
I think its very important to put together things that educate or possibly illustrate different views and different tactics, historical or present. You can choose to believe what you want but learn if you can. Education in any form or viewpoint is critical to stimulate discussion and lead to solutions which we so desperately need right now. So many are in the dark about exactly what is happening. Its important to give your opinion, but listening to others and having constructive discussions without arguing if possible is a rare skill now. It seems we are all doing a lot of arguing and not coming up with many real solutions. I applaud anyone who takes the time to put together anything that educates the masses better.
I know this for sure and that is what the masses have is not working, is illegal, morally wrong and not fair. This system will only work for concentrated super rich and the class right below them regardless of taxes, trickle down economics, labor, war, abortion, religion or whatever argument anyone comes up with. For the vast majority of the world the situation continues to be just a dramatically reduced (and still falling) quality of life. Seems the majority is not winning anything at all.
The main problem I see over and over as well as being constantly reported on Max’s show and some others is blatant and in your face fraud and above the law attitude now this concentrated wealth and power has. Its incredibly disturbing to see how law enforcement organizations and government that should be stopping this are doing nothing at all, worldwide. I do understand they are bought and the argument of too big to fail or jail, but its getting really unbelievable now.
But concentrated is a big word here. Concentrated anything is usually a cancer. Concentrated banks, concentrated wealth, concentrated power etc. A lot has changed in just the years after WW II. From family structure, education, health care availability, middle class backbone and so on and all in the wrong direction. Maybe people were more naive back then and a lot of crap was going on, but it sure seemed to be working a hell of a lot better then now. Talk to anyone alive during that time and its usually a good story. You worked hard and you got your piece of the American dream and a much more level playing field. Maybe it will never be completely fair but what it is now is dismal.
I still have not come to a clear understanding of why the middle class and poor are being sacrificed (almost worldwide) because that is the base of consumers needed to continue the concentrated wealth scheme. Without consumers or with even major dips in purchases and they will likely lose a great deal of power and capital. Cutting back and not consuming as much is being forced on people worldwide. Its as if they are creating their own demise in a way. Maybe its too far gone to fix and nobody has a plan. Just get what you can while you can and if you can.
You can look at historical charts to compare workers pay versus executive pay from many sources, and its so incredibly unbalanced now. That does not mean I am for having corporations that completely share the profit evenly with every worker and manager, but it needs to move in the other direction and away from so much concentration and hoarding of wealth. BUT without some sort of compensation for the owner or inventor or the entrepreneur, what is the incentive to start something? It just needs to be distributed fairly with a much smaller (but fair) percentage going to the top people.
People will argue that is what stock is for, but stock is not fair as well if people cannot afford to even buy it for the companies they work at or buy other stocks.
I think another great problem is that we are so conditioned to the way things are now with credit and banks and even the way we work that its too hard or possible for the masses to change yet, but this change will happen regardless and it will be huge.
Its quite a historical time to be alive, and this global freight train is about to crash. I just hope we come out of it with proactive solutions looking towards the future with hope instead of reactive BS and fear we have now.
“justice, integrity and trust need to be put back in charge – these have to mean more again than profits and greed”
In short: vision. It can’t happen in this system.
The decisive, game we play seems scaled up, mental illness. Wall Street, to Sandy Hook, City of London, to Syria.
Mental illness – noun … a condition which causes serious disorder in a societies behavior or thinking.
Max and Stacy allow us to gain value by way of information transfer; knowledge. Evidence of it clearly, working shows up, when each one of you do. Each interval counts, we are building a knowledge stash; a tad on the subliminal side.Why does transitioning out of money to “knowledge as value”, seem rude?
Marx and Keynes some would say well intentioned, but playing within the monetary religion.
Really? Poor downtrodden hippy. You don’t have to work for a wage, you can start your own small business. Marxist theory left out risk. That is why Marxists always have to steal other people’s stuff, because under Marxism, nothing happens but depreciation. Marxism assumes the factory which Capitalism built, but will never actually build the damn factory.
This guy is a whiner and a pain in the ass, and is most likely afraid of his own shadow, which is why he chooses the safety of wages over enterprise. Then, because deep down, he knows what a little girl he is, he sets out to denigrate those who are not. Really, Keiser? I know you’re on RT, but Marxism?
@Retro Housewife steal stuff?
capitalism took the entire US from the natives, build the nations on the backs of slaves and to this day swindle old people out of their own countrymen out of their savings and labor.
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