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9
While I think a lot of people here will hate the examples used in this video (because the guy is left wing), I do think his conclusions about how we’re falling deeper into a rent-seeking economy are rather valid (youtu.be)
posted 1 year ago by redman012 1 year ago by redman012 +9 / -0
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▲ 13 ▼
– Kaarous 13 points 1 year ago +13 / -0

Liberals couldn't get a point if you dropped one on their heads like an anvil.

We don't live under capitalism. Not in his entire lifetime.

Not in almost a century even. We haven't had capitalism in the United States since the arch traitor Roosevelt confiscated privately owned gold.

Keynesian economics is not capitalism in any way, shape or form. Period. If he has such a problem with the current system, the simplest thing to do would be shooting himself in the head, because he and his are who is responsible for it. Not this boogeyman they want to point at.

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▲ 10 ▼
– current_horror 10 points 1 year ago +10 / -0

Every communist country inevitably succumbs to black markets and ensuring corruption.

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▲ 1 ▼
– redman012 [S] 1 point 1 year ago +1 / -0

“An economic system in which individuals and private parties control the means of production and profits are the key driver of economic activity.” Sound about right but considering everything FDR did, and the opinions here, I’m not going to say you’re necessarily wrong.

How much government intervention is too much? Any at all? If we could trust the people who own corporations to actually not be ruthless dickheads who will exploit every last resource, then maybe zero would be fine, but there’s too many examples of corporations not giving a shit about anything until it fucks either the environment or their employees to the point of lawsuits for me to say that ‘no regulation or intervention at all’ is the right thing.

Inflation is a scam, but IMO, there’s not enough of any resource to back the USD if we were to stop printing money immediately and go to a resource backed currency. Fiat currency is awful, but I’m not sure what we would be backing the USD with

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▲ 4 ▼
– Kaarous 4 points 1 year ago +4 / -0

First, any definition that whines about "means of production" is invalid by default.

Secondly, gold or some other precious and inherently useful commodity.

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▲ 1 ▼
– redman012 [S] 1 point 1 year ago +1 / -0

Found this in my sidebar of recommended videos, and decided to watch it because I was curious what he meant by death, and it honestly does a pretty good job of going over how fucked various decisions, such as bailing out the banks in 2008, AI, etc, have done to our economy and society, and leaves me wondering something that comes up a lot in this video:

What is the actual value of money?

Edit: I don’t agree with some of the later examples, ala what he calls Elon, etc, but overall I think the point of the video makes a ton of sense

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