The Rich Have You BRAINWASHED: Capitalism is a Zero-sum Game, They WIN, YOU LOSE
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- เผยแพร่เมื่อ 24 เม.ย. 2024
- I misspoke at 25:30. I meant to say the RICH, not the poor.
The elites - especially the rich - want you to believe that capitalism is not a zero sum game. This is the false hope that fuels the American dream.
The fact is that social mobility is lower in the USA than it is in socialist industrialized countries such as Scandinavia, France, and Germany.
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Most wealth in the West is not made - but is inherited (Piketty). Ironically, new fortunes are generated in quasi-capitalistic places like China, Russia, and Vietnam or India.
Economy not zero sum game (growth pie all around, for consumers and producers), but capitalism is. Marx was right about this (and only this).
Like Communism, Fascism, or Socialism, Capitalism is a method to allocate resources, means of production, and surplus. Capitalism uses the price signal in a free market (as opposed to central planning).
Proof that is zero sum: taking from the rich to give to the poor (taxation as progressive distributive justice) and taking from the poor to give back to the rich (regressive inflation, taxation, and asset bubbles).
But why, in an environment of growth is the game zero sum? Because of scarcity. The rich cannot reinvest all their income and so it is taken out of circulation to the poor (though it is still available to the businesses of the rich via the banking system). Another reason: depletion of natural resources.
These shortages are camouflaged by fiat money, debt, and the symbolic economy. But these are Ponzi schemes and they crumble periodically in cycles of boom and bust.
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I misspoke at 25:30. I meant to say the RICH, not the poor. Also, unless you are brain-dead, it is clear that I am talking about UPWARD social mobility in this video.
I agree with your points on capitalism completely. New subscriber here, from India. This is the first time I came across a channel from North Macedonia. Great stuff on this channel.
we knew what you meant. haha
So what are you suggesting the poor do about it?
Bitcoin solves this problem
You similarly misspeak at 24:34
Laws are for The Poor, loopholes are for the rich
In Canada I spotted the greatest scam called the RRSP.
It must have been the rich convincing people of power to make a retirement cash cow for the rich and upper class.
For example my brother made harlequin movies for 400 K a year and he would buy 100 K of RRSP every year and get 50 K of free money from the middle and poor.
30 years = 1.5 million plus free interest for money in the RRSP fund.
@@ivanleelivingston4902 That wasn't "free money" that he got every year. That was a tax refund. He still paid an enormous amount of tax if he was making 400K a year. If he was not self employed the max he could contribute is 30K per year. You don't have to be rich to contribute to an RRSP account. It's a way for Canadians to have a decent retirement, if they start early, and not solely rely on CPP which is a pathetic amount. The real scam is CPP, which everyone is forced to contribute to and have 0 control over how it's invested.
eggzacly
It's in the picture of the signing of the declaration of independence a bunch of wealthy white men signing into laws a list to secure wealth
CAPITALISIM IS SHIT AND SO IS COMMUNISIM.
WE MAKE SHIT.
YOU CAN HAVE YOUR UTOPIA WITH 100 PEOPLE BUT NOT 1000000, THE PSYCHOPATHS RUIN IN FOR EVERYONE.
John D Rockerfeller: "We must never let the masses believe they can revolt."
George Carlin: "they call it the american dream because you have to be asleep to believe it."
😂 Very good
Man was a genius, and not just of comedy.
@@freeman37 Psychopaths are never geniuses. Don't let them brainwashed you. He just read the right books and associated in the right circles. Apart from that it isn't exactly a genius statement. He just knew what was going on. You need higher standards. Furthermore, that statement is no longer valid, as all people are cognitively no longer capable to do so. Humans have been extinct at around 2001. With a very few exceptions. Only human beings left. All terror, as wars, systematic/institutionalized gr. ape, racism, drugs etc are/were a dehumanization process to implement AI. Hence, we live in a mental disease era which are all man made. . And that is why we are being bombarded with these subjects on (Social) media. Especially narcissism. Only about a handful of people (those who are still human) have escaped it.
@@freeman37 Psychopaths are never geniuses. Don't let them brainwashed you. He just read the right books and associated in the right circles. Apart from that it isn't exactly a genius statement. He just knew what was going on. You need higher standards. Furthermore, that statement is no longer valid, as all people are cognitively no longer capable to do so. Humans have been extinct at around 2001. With a very few exceptions. Only human beings left. All terror, as wars, systematic/institutionalized gr. ape, racism, drugs etc are/were a dehumanization process to implement AI. Hence, we live in a mental disease era which are all man made. . And that is why we are being drowned on (Social) media with this subject. Especially narcissism. Only about a handful of people (those who are still human) have excaped it.
@@freeman37 Psychopaths are never geniuses. Don't let them brainwashed you. He just read the right books and associated in the right circles. Apart from that it isn't exactly a genius statement. He just knew what was going on. You need higher standards. Furthermore, that statement is no longer valid, as all people are cognitively no longer capable to do so. Humans have been extinct at around 2001. With a very few exceptions. Only human beings left. All terror, as wars, systematic/institutionalized gr. ape, racism, drugs etc are/were a de .......... humanization process to implement AI. Hence, we live in a mental disease era which are all man made. . And that is why we are being drowned on (Social) media with this subject. Especially narcissism. Only about a handful of people (those who are still human) have excaped it.
“Earth provides enough to satisfy every man's needs, but not every man's greed.”
― Mahatma Gandhi
I love his quotes; such a unique individual in history. I just posted / Ill delete it and post it here.
I am glad I enjoy history; sad to watch it repeat ...
"When I despair, I remember that all through history the way of truth and love has always won. There have been tyrants and murderers and for a time they seem invincible, but in the end, they always fall - think of it, always."
What I love about Ghandis quote; which ever perspective you look at it from , its relevant. But mainly "TRUTH AND LOVE ALWAYS WON" ... I see no reason his salt march should ever be forgot.
😂😂😂😂😂😂
Damn racist
This must be his reason to be willing to serve under British colonial rule with the last system so he and his British masters could take from lower kasts.
The west loves this devil that saw Europeans create apartheid and wished the colonizers ruled his country like that.
White supremacy was never a thing. The game is to point out a group and make the whole world accept that group as lower so that the majority can live with being robbed (but not as much as the lowest ‘kast’. In general that would be the darker skin or even features you have, the more people will support keeping you under.
Organized narcissism.
Too true... sadly 😞
The golden rule, whoever has the gold rules.
110/100 👍🏻🤜🏻🤜🏻
Up until gold dematerialised hence those with gold turning the world on each other
whoever has the gold makes the rules
Gold isn't money (heavy soft virtually useless science calls the shiny fascinator) ASDA Tesco Lord Sainsbury's … refuse it - LOL they even refuse £20 coins from King Charles' royal mint
Well the Africans have the gold and the suffering over there is dire
My dad never went to University, I did. He started a small trucking business in the 90's, bought a house, a 4x4 and a motorcycle. Today, he recently retired early, has money. But I'm unemployed, not married and no real assets. Society is broken.
The left broke it.
@@ericknudtson1956May I ask how old you are? The left is awful now, but initially that was in response to awful the right used to be. The right used to be super intolerant, teetotaling, fundamentalist Bible thumpers. They've come a long way since the Clinton years.
@@ericknudtson1956 You are brainwashed mongol. The capitalists rich broke it, the leftists and communism will fix everything.
why lameass like you can't be a currier in ny? take a bike and go to the job!
Capitalism is the accumulation of wealth from the means of production, which is the conversion of natural resources, electricity (power), agriculture, and land. It is the wealthy that gets the accumulation, it is the poor who does the conversion, and thus Capitalism distributes from the poor to the wealthy and is eventually a zero-sum game. You and yours may be lucky enough to be in that long line of distribution and live an ok life before the end.
We have honored and obeyed successful criminals, The system itself is anti human
This system values NO LIFE FORMS whatsoever.
It only destroys everything in order to create more & more inanimate objects at an accelerating pace.
It will take the only planet we know of upon which Life exists & turn it into a dead rock.
5 days of serious dental pain because no funds to pay £350 to dentist, made me more than willing to sign up for a class war
Step 1 - make zero savings
Step 2 - blame everyone else when emergency money are needed but you have none
You're lying
£350 wasted there is not dentists in the UK maybe if you pay £3500! otherwise you will wait 2 months in pain for something which is done in almost every normal country (with normal doctors not like UK spoiled useless university educated heartless cheaters) within couple of days and mostly at half price
lets go
“We cannot solve our problems with the same level of thinking that created them”
― Albert Einstein
🧠...stein,berg,witz...🍄
The level of thinking, being right wing
It's like Jim Morrison told a crowd, "you are all slaves".
@@funnylikeatree3559 What does that have to do with what Morrison said? He obviously followed his own path in spite of his father.
Jim Morrison's father George was a high-ranking naval officer who played a role in escalating the Vietnam War, disapproved of his son's unconventional music career initially, and had a difficult relationship with Jim due to their contrasting lifestyles.
This is The End - my only friend, The End.
Morrison was a CIA plant.
@@jefesalseroSuena preocupante...
Pero si sabes bailar salsa la vida puede ser mucho mejor. (No puedo garantizarlo )
@@rocketmanzimm Jim worked for the CIA
Next time explain how the poor (or the not rich) can take steps to exit the system, or maybe find a fairer system outside the West where this algorithm seems to be most firmly in effect
Not possible. To exit truly, you need not to play the game. To not play the game while being a pawn on the board, you need to escape where is no game or stop the game. So either run for your life or fight for your life. Since we got no means to escape, there is only one option left. But, that saying, we are not ready for it. We will swap from bad to badder.
The cards are stacked fairer in a socialist system, as he mentioned.
Males need to understand their nature is not to lead, and look to woman for this. We can start from there.
You build yourself up like any other animal to survive better in the environment. The poor suffer from apathy and risk aversion just as the rich suffer from hubris and ennui. Poor immigrants come over to the US with nothing and pool family resources to build businesses. Others settle for the government teat. How come some people start with nothing and improve their situation while others can't?
Why do you again ask another to give you the solutions?????
Why do you NOT USE YOUR OWN BRAINS???
The reason people dont understand what you're saying is because they think a Plumber's son having to become an Engineer is social mobility. If social mobility was a reality in America the Plumbers son would be fine as a Plumber, he wouldnt need more education and experience than his father to make a little bit more money
God in Australia plumbers charge X 2 what a medical specialist does!
Rightly so in the past when the 'pie' was considered for everyone, and thats exactly what those Harvard and Princeton educated elites want to challenge. They are selfish and hate to share the pie anymore it's day light robbery same as the stock market.. ain't nothing noone gonna do about it..NOTHING NO REVOLUTION GONNA HAPPEN! All we really do is vote more of these maniacs like Trump / rich elite criminals year after year for their families benifit.
Most blumbers make great money.
Never thought about it like that but it’s an interesting point.
This plumber made more working hard on the field of development while one’s father had a contract one-off job that made him fat and happy, then useless and unhealthy to work, etc…
FIAT can be easily PRINTED by THEM
I think the rich do know what they do to the environment, and to people. I think they are working hard on A.I. to protect themselves from the rage that is building in all the hard working, frustrated,struggling people. They have no empathy because they dont know what its like to be poor. Also,it doesn't suit them to care. Then,as decent human beings,they would have to do the right thing, and pay their fair share of taxes.
Is it that the only people who can be ultra weathly are like malignant narcissists or psycopaths because to exploit others with no concern of the harm it causes one has to have a lack of empathy?
@@Chez8922-kf6cy ultra rich yes. But rich no. I happen to find few over course of years who treat ppl better than avg. But problem lay elsewhere. You got 50m. Who do you give it to. Your family or your neighbor. Why not the most needy in china or uganda? Or why not support victims of war.
Hands for money are everywhere. We always treat those closer to us better. We need to start treating homeless ppl as our brothers and sisters. Etc. until then in capitalism there wont be change. And if it does it wont be capitalism anymore.
@@Thewonderingmindsmaking it bold doesn’t make it any clearer bud
They have no empathy because many were poor and they worked hard to get what they have I know from experience and then people like you make excuses and complain and watch losers like this so why should we feel sorry for you
@@Chez8922-kf6cyyes but we’re talking billionaires
What's worse than capitalism: Lottery. It's a below zero sum game but people are still loving it.
The company takes 1/3 as income.
The state takes another 1/3 as tax.
And the investors will get the remaining 1/3.
The trick is that they create an enormous disproportionality when they pay back the winners.
This is the transformation of the symbols people are paying for 2/3 of their investments.
People are unable to count with this loss, they only see the big prizes, they don't see the much lower chances...
Lottery is even more complex. Did you read fine print for jackpot? In many countries jackpot is paid for life in small sums. If paid in full its only a portion of it like 10%. They dont even have cash to cover jackpot. Then as you say, highest taxes and whats not. In the end maybe just maybe you will buy your dream home that you wont be able to afford to keep (40m2 in city center 😂).
And what worse. It is legal.
Also scratch cards are ensured to not be fully random. So if you buy a pack you will most likely loose.
capitalism is a lottery. career lottery. athlete lottery. acting lottery. musician lottery. financial investing lottery. there's plenty of winners numerically to give the illusion so many are making it to the bigtime, but in percentages most people are without.
its not "capitalism". Capital as defined by human labor resulting in goods and services and converted into savings is market capitalism .That was the 3rd estate. What the aristocracy does is swindle the public into conflating economic rents with products of human labor. Economic rents are edicts from a government that are bought and sold as if they were capital.
How do you know seeing as you've never lived in a capitalist country.
Im taking care of both my parents this system has beaten them to the ground I will not have it. Im 35 and im determine to show them I will live a more prosperous life by showing them its ok they brought me into this world today.i don't want them to leave this planet without knowing I can handle the trails.
The poor ppl who said it wasn't true that the poor voted for Trump, didn't know they were considered poor.
"Give me control of a nation's money supply ( now the World!) and I care not who makes its laws." - Amsel Mayer Rothschild.
Yes, this how that money is controlling American and the European laws and policies
Thank you Professor .
Rich and Narcissistic seem to go together.
Would you speak on Socialism ?
Most communist leaders are worshipped as pseudo gods. I think there’s much more to delve into on the socialist side.
Only a narcissist want a job with power and will have no limits to get there!
It is because they have reptillian brains!!
I'm a fairly educated person, we live our lives but intuitively we sense changes in the world around us - social changes, economic shifts, political dysfunction - and then someone gives voice to thoughts and our awareness is raised. Excellent.
Exit their game when possible , cancel all contracts , reduce service plans of all types , buy used and never new vehicles , never buy a house and be exploited on a 30y deal . Leave the country when possible .
Very good advice.
Facts this is the advice that really makes sense
@@jonarauzohave you done the maths or just saying this without any thought?
@@edism The government forces the cost of cars greatly with inefficient regulated systems like EGR, evaporative emissions, & tire pressure sensors.
We would be better served requiring all gas motor vehicles to have filters to filter the air as they are already in motion, old tech, cheap, effective at removing pollutants from the air.
Less MPG, due to wind resistance, less air pollution, everything is a tradeoff
Not viable, as it does not serve the primary purpose of climate regulation, kickbacks, monopolies, forced adaptation of patented tech, picking winners & losers.
Cars were, & should be cheaper, the less expensive materials used.......cars are no longer designed by car designers, rather dictated through regulation.
...great ways to get out of the Socialist trap.
Never in history have so many people consciously volunteer for a form of slavery imposed on them. People today are in love with and simultaneously bamboozled by capitalism. And his henchmen known as consumer debt. A creed, where everybody strive to be rich, at others people's very costly, and devastatingly so, expense.
Entrepreneurialism has become a religion in the US. The reality of economic life (how power and thus resources are distributed) is overshadowed by mythology.
And where on earth are people living under a capitalist system?
@@ty194 under bridges in tents living with parents. In cars sleeping at work without anyone knowing I shop doorways. Sheds in people's gardens
@@chrishart8548 Is that in the same place where there's a massive welfare state, high taxes, high minimum wage, government subsidies for multi billion dollar corporations and banks amongst many other things? Because if it is, that doesn't sound like any capitalist system I've ever heard of.
@@ty194 high minimum wage means nothing if you can't get a job.
I'm scared, Dr. Vaknin. I have no idea where I should immigrate to protect my future kids' lives.
North Macedonia center of the world
Greenland.
Move to Greenland.
@@rdallas81 North Macedonia center of the world 🌍
You shouldn't immigrate. You should strive to improve your own country.
Are you still working for your masters??
Are you still paying taxes to your masters??
Do you pay your shoppings with your mobile phone??
Do you have 'clever meters in your house or burglar cameras??
Do you drive a electric car??
Will you continue to do so in where ever you want to go and live??
Because as long as you do this you will contribute to an unsafe and controled future for your kids...
To become rich or poor not important. Life is not aboit becoming rich. It aboit becoming happy and it dont depend on money.
It's not a binary
Maybe for some people being broke is fine, for me it was miserable. I'm a lot happier now that I have money.
Life is a zero sum game.
You come with nothing and leave with nothing.
There are things you leave behind, whether it is knowledge,love or experience or even art.
@@khanaliqasim1757 but you take those things WITH YOU when you die?
I mean how you influenced others will stay in their memory or you will be a topic of discussion
It is idiomatic to say that capitalism is a zero sum game. Capitalism is not just an algorithm. It is a set of incentives, and when the government does not get in the way, the poor are also greedy, and will strive to better themselves.
@@khanaliqasim1757 and yet, you will not be there to reap or witness the results.
I enjoyed this video very much! I live in Canada, and in my experience many do not understand the seemingly complex nature of the social hierarchy of capitalism; I am a 65 year old artist who has often heard the terms 'deserving' or 'undeserving' in reference to the idea of success. Hard work or work ethic as we know it does not equate to automatic financial success. That's a fool's idea. I have often thought it must be a wide array of abilities one must have to succeed and perhaps being in the right place at the right time,
or as they say, who one knows in life. I've heard people say, 'In comparison with the other systems, Capitalism isn't perfect but is the best of what's out there. I am trying to learn what is out there that works well for the people, perhaps a new structured kind of system. No one should have to live without a roof over their head or without food, or in constant fear of losing what sustains them in terms of basic needs. Thank you for your clarity and insights.
People realized minimum wage laws make it illegal to be poor but required to be reliant on the government.
I'm a 40 year old black man I said the same thing you got money to put government programs and military recruitment in poor neighborhoods you could use that same money and give us low interest business loans or give us 5 years tax Free like you give arabs to sell my people alcohol tobacco and bad food. My ancestors built the country for free we can't get those tax breaks and we don't have the generational wealth. I figured it out the design is to keep us modern day slaves that depend on government programs. Sad
@@thefonzies6895 yeah our ancestors as americans. Stop acting like your skin color makes your opinion more valid than anyone else's and people will stop invalidating themselves
You are describing monetary slavery, it is the premise of the song "Bittersweet Symphony" by the Verve.
You've struck oil Sam. Keep it coming. The world needs to hear this, especially places line the US.
Shhhhhhtt🤫🤫🤫 the Americans are living the "American Dream" don't wake them up!!
@@livinglifetothefullest22 lol 🤡
Thank you professor Sam Vaknin. Once again you have stunned me with your astute observation of the truth that's hiding in plain site.
Sight
I remember Ronald Reagan on TV with a dollar bill on his hand talking about trickle-down economics, have yet to see any trickle.
It worked as planned. The flow of money to workers slowed to a trickle
Oh, it's working alright. Don't you just love the rich trickle down on you? 🙄
trickle up is better.
Trickle-down isn't toxic IF the government can run a balanced budget, but Bush, Obama, Trump, and Biden have had no interest in such a concept. It's only gotten worse each year and the covid insanity destroyed reality. What I don't get about Sam is that he was wrong and is now pretending that capitalism is the problem? Some of us pointed out that lockdowns and fake medicine campaigns (cough cough Pharma corps wanting to make money) were a grift, but he called us conspiracy theorists. NO. Capitalism WORKS if you don't print trillions of dollars and stuff it into the economy and fake jobs, government systems, etc. We predicted this inflationary disaster four years ago and got called conspiracy theorists....let me run the damn country and I will show you how easy it is to make capitalism work. We are a society run by losers, grifters, and sociopaths.
If you hoard 1 billion dollar bills in crates it takes giant warehouses and you’re a fire hazard… fire marshal will close down your warehouse, if you hoard blips on a computer screen the possibilities are endless!
Oh man. I want the Vaknin vs Peterson debate on this. I would also like to hear Thomas Sowell weigh in on it.
The Internet is not ripe enough for such a discussion.
Literally, this thought crossed my mind at least 5 times. I’d love to see that.
....and a little Shapiro for extra self-righteousness..;)
No Sir, misogynists don't have any say any longer and they are about to lose their jobs and homes. No one wants misogynistic men and women anymore 🎉
It's not misogynistic enough you must mean? 😂
Hold precious metals. Grow food. Learn self-defence, construction, and natural medicine, and generate your own energy.
"Produce Energy"
Humans are not actually autonomous, we’re a social species. What we need to do is to stop feeding the machine that’s enslaving and killing us.
We need to stop having children and listening to governments and corporations, and we need to rise up
@@JesterMax24 fair call 🫡😄
Live for free when you start out. Parents, or in your car. Work hard, save all pay.
Buy small house, or build one yourself, for cash.
Work hard, save money. Buy better house, cash.
Avoid debt. Don't use whores. Keep biblical morals. Marry smartly, not for looks.
Finally send me 10% for this advice.
You're welcome.
We don''t have capitalism, how is the centralization of economy capitalism,
Democrats push hard to impose/enforce the tax code on the working class, which the rich often navigate around. My and other's income tax was at its lowest when Trump was in office, wages were high, gas & food prices were reasonable, and unemployment was low. You're talking out your butt on this one 😂
Have you heard of covid, which put a never seen strain on supply chains? How about Fed's money supply? It's not because of Trump inflation was low, was because the fiat system was not stressed. Once covid hit there was a systemic failure of the capitalist economy. Why do you think the stock market over decades keeps making higher highs and higher lows?
Yeah ok, you sound like one of those uneducated whites he was talking about because everything you just said was false.
Lets hope he gets back into office. TRUMP 2024!!!!
that’s why we need a wealth tax for the superrich, not an income tax!!
@@lecorbusier3827 that won't work.
Very interesting lecture. I couldn't help but visualize the curent situation in my home country Haiti. My country of origin never been rich but use to be in much better shape then right now. The state had multiple sources of income from public electricity, to distribution of waters etc. The money made by the state was partially misused but a fair amount of it was use for the good of the population. In the 80's the capital had electricity 24/7 murder rate was relatively low.
At some point the super rich in the country, mostly maid of outsiders influence the government and they privatise public services. All the money of the state end up in their pocket. They didn't use the money for a fair redistribution of wealth like building road and school etc Instead just as Sam say the money was kept in vault and even worse they spend the money to buy extravagant good and homes in the Northern countries So not only as parasite they sucked the blood of the country but all their money is used to build fancy houses outside of Haiti or is kept in the banking system of already rich countries.
The government of Haiti got poorer and poorer, no source of income also mean a considerably reduce capacity to influence the country and help the population. And the work and wealth produce by the population end so far away from his place of origins. At the very least those rich could build great hotels and palace and encourage tourism but they point out insecurity and violence as reason to avoid constructive investment. The insecurity itself is the product of an empoverish government wich in the absence of ressources can't educate his population, can't have a strong police force neither an army. And the empoverishment of the government is the direct impact of the overtake of the country by the super rich. If my coutry would've kept his door close to malevolent outsider who happens to be billionaire. We would be in a much better place. How sad.
In Australia now this government is taking on large corporations but letting them off very lightly eg wage and leave theft, food prices. But better than nothing. Also stopping privatisation. Privatisation of employment services really made people less than slaves.
True !
Interesting 👍
The story of Haiti really crushes my heart as a black man. To hear their courageous story of breaking off the shackles of slavery only to still fall victim to their old masters.
@@duancoviero9759 Old masters? Not even. Its literally just random syrian guys trying to make a buck.
Somewhere around 27;43 you mention the fiat debt based monetary system. This 300 year old system has been in place allowing the 1% to flourish, putting the debt on the backs of the working poor. The American constitution itself demands in one of the articles that the currency system should be gold only.
This article of constitutional law has been ignored by the central banks/federal reserve and congressional law markers for many many many years instead they introduced the fiat debt based system. Both capitalism and socialism have ridden on the rails of this "money printing" system.
Currently the only escape ramp out of this system for individuals , countries and companies is bitcoin which is a digital commodity currency totally decentralized. It removes the control of the monetary system from gov'ts, central bankers , Federal reserves. Gold .silver and other similar currencies function in a similar manner to bitcoin but lacks the portability and three ledger accounting system that bitcoin has.Thank you Vakim for your important discussion on this matter which is affecting our world community .
Sam, I am absolutely smitten with most of your lectures. This one in particular is absolute truth and as it is, people will try and reject it to save themselves from reality. I appreciate you taking the time to bring this to us all.
Great video. One thing to add - the rich don't pay tax. Not really.
Due to monetary expansion, their asset growth far outstrips their tax bill every year. It looks like the rich are paying most of the tax, but it's an illusion. All the tax they pay (and more) is surreptitiously handed back to them each year via government-mandated increases in the money supply, blasting the value of their assets up to Valhalla.
Tax is only paid by the aspirational poor. The aspirational poor pay for the other half of the poor. The rich pay nothing at all. And nobody seems to notice. It's morally perverse of course, but you have to admire the dark, twisted genius of it all.
Please do a follow up video on WHY we are “dumb enough to believe them."
Search the channel for "stupid" and for "success".
@@samvaknin let me guess, stupid getting stupider? IQ is zero sum?
@@samvakninisn't it unbelieveble how 'they' keep asking others to think and find solutions for them hey???
Simple answer, paganism. Worshiping those who are economically well off. And since they'll never be that, they opted out trying to be a local celebrity, and pay dearly for it.
What do you mean those people? 🤣🤣🤣
I agree with most of your presentation except that global goods are 'for the poor'. These goods are a cost of the rich used to placate and distract the poor. To create a neverending preoccupation and cycle of consumption. While it may seem as if it is for the benefit of the poor, it is actually of benefit to the rich.
I have to say that this is a quirky take on the economic system but essentially I would tend to ignore economic theory and concentrate on elite theory. After all, elites make the rules and laws including how the financial system works. I can recommend reading the mercifully short book analysing elite theory called 'The Populist Delusion' by Neema Parvini.
It's time to revolt
Based Sam Vaknin strikes again.
...says the indoctrinated.
I'm 25 and I've shared your video with a friend of my age. We already had a very similar opinion about capitalism, but it feels hopeful to have someone from another generation talking more openly about it. As a young generation we feel like there's lack of guidance on how to act when facing these issues. I'm very grateful I found your video and channel. Thank you for sharing your knowledge with us.
LOL... domesticated dorks.
❤
Since there is a finite amount of money in the world, any economic system would be a zero-sum game. Any currency moving to one person, would by definition, take away from the person spending it.
There is not a finite amount of money in the world....did you not listen properly.....??...Do you live under a rock....or do you have rocks in your head....???
How much money was there in the world let"s say 5000 years ago? As much as today? Considering the No of Earths inhabitants sharing that wealth I wish I lived in those times, everybody was millionaire!
I always hated working. I attributed it to me being lazy. Growing up, I was taught to work hard and to pull my own weight in order to be successful. I always felt a certain level of guilt for not working hard enough and, at the same time, feeling overburdened and weighed down and constantly failing at life.
Nothing is free, there is always a counter or balancing effect to everything.
If you are offered something for free (or discounted), you are being lied to. Why would you want to do business with someone, or some entity, which starts off with dishonesty?
"Yeah I know how that trickle down works. It's when you feed the horse oats and what comes out the back end and lands on the street is what's left for the sparrows."
I live in a rural part of Northern MN. I've been trying to explain to anyone who will listen that politics in America is about wealth, who gets it, who keeps it, and that capitalism is a giant game of Monopoly. I have paid dearly for speaking of such things. I have torn into the belief systems of both Democrats and Republicans and wow does that make people hate you. The wealthy elite own both political parties because when you can buy both parties why buy only one? Most people don't understand that the wealthy elite and their corporations have so much money they can't even spend it all, they are literally hoarding it. The Republican party is entirely about protecting the interests of the wealthy elite but with the Democratic party there is a little bit of hope for the poor and middle class to not be completely robbed blind. Discussing the problems capitalism causes society is a taboo subject with even most Democrats.
A fairly recent study on American politics showed that for the economic bottom 80% the likelihood of these people getting laws passed that they want is next to zero. The wealthy are calling the shots. They bought the lawmakers to protect their money.
Problems galore. Take for example that in the 1950s the average working class guy could buy a house in America for 2.2 times his yearly salary. Now decades after the neoliberalism policies the rich got passed to extract more wealth from the peasants the average working man pays over ten times his yearly salary for a home. It is a zero sum game. The rich getting richer does not make the peasants richer. A rising tide does not raise all boats. Tax cuts for the wealthy do not improve the lives of the poor and middle class. The rich are taking more from the rest of us. I can give examples all day long. Even Billionaire Warren Buffet will tell you "There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning." And I really appreciate what Voltaire said about this issue: "The comfort of the rich depends on an ample supply of the poor." We peasants are like a heard for a cattle rancher. Have you fellow Americans ever considered the possibility that the Republicans opposing abortions are actually essentially the same as ranchers growing their heard? Is it just a coincidence that every policy a Republican supports benefits the wealthy?
And that's just a taste of the economic pitfalls of capitalism. Just look at the psychological and social devastation of so many people living in poverty and the numbers are growing. It destroys people, families, relationships, integrity. When the wealth of a society is extracted by a few and the rest are left to fight for the remains things get ugly. Competition is not always good no matter how many times the rich tell you it is. Everybody is playing everyone else in one degree or another in a capitalist society. You can't trust anybody. Not your spouse, your friends, or even your family in many cases. "Competition is the law of the jungle but cooperation is the law of civilization."
Adam Smith even said, and I'm paraphrasing, that unregulated capitalism always results in a monopoly. And who wants no regulations? The guy who is winning and wants everything everybody else has. Not surprising one of the core philosophies of the Republican party is elimination of regulations. These broke ass Trump supporters walk around regurgitating this shit that is absolutely toxic to them, their families, their community, their health. "Duh,, regulathins bad,, duh,,, drool. Murica." Hasn't anybody else noticed that we don't have free markets, competition among businesses in America? In each industry there are a handful of companies and they strategize with each other to raise their prices together in order to fleece the public. That's the result of lack of regulations.
It's heartbreaking to see so many of my fellow Americans so misinformed and misled. To see them mindlessly repeat political talking points they don't fully understand and with absolute certainty. And that is the real danger, certainty. Mankind has been there before. I think of Brownowski outside of Auschwitz quoting Oliver Cromwell "I beseech you from the bowels of Christ think it that you might be mistaken." And now we have a Presidential candidate calling his political opponents "vermin," talking about arresting them, putting them all in internment camps like during the great war. And his fans love him for it. Holy fuck. These people have no idea where this is going. I'm not a believer but all I can think of saying is God help us.
I don't know what economic system is the solution to capitalism. That's a discussion for economists and philosophers. I am neither. But I can tell you that we need to be having a discussion about the damage capitalism is doing. That discussion is not allowed on the national stage, in our corporate media, and especially with our elected leaders.
FYI Hitler called his scapegoats vermin too.
The masses are too subdued, delusional and distracted to do anything about it. With the acceleration of AI it will only get worse. The elites think they have got away with it and so are blatant with their Satanic, Zionist bs in all facets of society. Even the Satanists have more legal protection than other religious groups. In the US it doesn't matter who the new president will be as they all have shared interests, and will continue to take more from the poor. Have you noticed the Elites buying up land and brainwashing people to live in a tiny house, or how cool van living is? They don't want the peasants to own anything. And that is the whole point. Agenda 2030 - Own nothing and be happy. It's enslavement.
So true. The pendulum is swinging in Australia. We are starting to deal with these issues. Many here agree with you.
@TheMazinoz, it sounds like Canada is starting to follow the US as well.
The idea of fighting capitalism was one of the main drivers for Hitler’s acts.
Despite AAALLLLLLL my rage, I am still just a rat in a cage 🐀🏛
free your mind and the rest will follow, as the song goes
What a great song!
what about compound interest, for those who need to borrow it snowballs their cost, for those with extra money it snowballs their wealth?
also as a matter of principle, the pie does grow, even if it does not grow fast enough or there are other issues, the wealth pie is growing and those on the lower end of the economic spectrum are wealthier than the rich 100 years ago by a large margin despite population growth
In some circles this is known as “house rules”. The real problem is that we cannot live on bread alone.
Yes but the question is will the people recover all that excess wealth the richest absconded with for years or will it just disappear never to be seen in our lifetime again?
I've lost all my beliefs and have no idea what the right 'system' is now
I was a socialist when I was young, became a pretty strong libertarian for a while, then started to see the benefits of a moral balanced liberal democracy. But then it seems there's failures happening there too now.
Is China going the right way? Some people seem to think they have all the answers, and sure they're progressing in some ways, but I don't know, they seem to have some serious problems too. Quite disillusioned trying to imagine how we govern ourselves in a fair way. Perhaps we just have to focus on our own lives
China is a far older civilization and might even last longer than the West. Does that make them "right"? Good question.
“Capitalism refers to an economic system in which a society’s means of production are held by private individuals or organizations, not the government, and where products, prices, and the distribution of goods are determined mainly by competition in a free market.”
why can’t we just enforce this?
because the people we vote into power are not doing their jobs. we vote for people to technically police this to make sure there is no cheating in the “competition”and they don’t, so if they can’t police this, the idea is we give them more power and ownership to make sure it gets done?
Another example of this is investing. Even if you put your money into a standard index fund, the wealthy are doing, at the very least, the exact same thing. They will always have more than you because they are starting with more. Anything you do helps yourself, but it naturally helps them even more, keeping them ahead indefinitely. There is no way to catch up except for starting a business, but this is much more difficult as time goes on because you are competing with mega corporations with near infinite resources and reach. Imagine it as a busy ecosystem with no spots left to fill.
Well said, and mostly the government isnt for small businesses ever, regardelss of what they say. Its easier to have mega corporations in their back pocket .
Yes, any new idea can be bought or stolen by large corporations with more money to spend on lawyers to destroy you if you fight them. The legal system is for lawyers and corporations to profit. That's why I suggest people do what I did. Invest as much as possible in an index fund, then leave to a country with a lower cost of living or better benefits and where life is less stressful.
You've found your life's calling. Your unique background in finance and psychology positions you well to take a leadership role on the side of pro-social reform in the dire times ahead.
LOL.
@@djmc8505 Nice contribution, boot licker.
What if we all exchanged our 💩 with the agricultural sector as fertiliser in return for food credits? This would be a much fairer system.
Spot on. Capitalism relies on continued gain in a finite environment. Greetings from a social democracy.
I think I got it. Contrary to what I believed that I was winning by receiving a product or service in exchange for currency, I am realistically a net loser in that exchange. The only way, therefore, that I see to win is to make way beyond my ability to spend, in other words upper middle class or rich.
That is hard to achieve when 150% of income goes to survival. And whatever you think you save is not enough. I calculated i need streak of luck and success and partner and living in monastery for 30 to 50 years to achieve enough income in a semi safe way to generate enough so i wont starve on retirement. If i had to split it to kids, they would have a headstart but nothing major.
Takes one fall and it goes to.....
Easiest way is to play the game and just earn/steal more from the system. If lucky, in few years time you can move from poor to mid class.after that, you need bigger brains.
If you didn't have to pay tax for 1 year, your life would change dramatically as you won't have to work the first half of the month to pay all the taxes.
Taxes is just expropriation of assets.
People don't like to hear the truth. Especially those who swear they are right. Welcome to the modern world.
"Religion is what keeps the poor from murdering the rich" Napoleon Bonaparte
Capitalism, you need capital to play.
So, i should marry rich? Got it 🤣
Rich 1%. Rarely possible. Rest is still poor.
My former father in law used to say "Real wealth is measured in billions."
Good luck finding a billionaire who you will ever be in contact with. It's possible but so rare. Anna Nicole Smith pulled it off. But look at how she ended up.
"but the poor in the USA have coffee-maker, a fridge and a TV" !
lol
Globally they belong to the 1% club too.
Like in any industrialized country. But in USA specially it was via other country's robbery
Does anybody know the French author he was talking about at 9:49?
Never mind, found it, Thomas Piketty.
No, the poor are advising people how to become rich on YT... They can't.
Professor Vaknin, is there any economic system that's fair?
If so should it be considered better then capitalism?
If in capitalism fairness isn't an important variable then what is it optimizing for?
Is it the best system for optimizing this variable?
What I Understood from this video is that capitalism optimizes for rich people getting richer and keeping their wealth safe.
You understood correctly. Capitalism inexorably leads to plutocracy.
Regionalisation to heighten the visibility and responsibility of the people in power whilst minimizing the individual sphere of influence and capability of forming groups of interests(corruption).
@@samvaknin
Any system where those that have more (money, power, whatever) have even a slight advantage in gaining more of what they already have will lead to a concentration of that thing. I highly doubt that socialist or pseudo-socialist systems are at all immune from this. It's the same principle that leads to the spread of (even slightly) advantageous genes.
That is, every system either leads to feudalism or revolution.
@@sdrawkcabgnipytmi6599Likely an accurate outlook, nice take. There may not be a great solution to the problem (currently), but there are most definitely worse “solutions” such as the ones you presented. Another consideration is the crony capitalist state the west has embraced for years.
@@sdrawkcabgnipytmi6599 There is no system immune from survival of the fittest. The world goes to highly ambitious, adaptable, fit, and intelligent people. There will never be a system that doesn't advantage those who see life as their playground, where they swing the highest, climb the fastest, and push the hardest.
It would be great if Sam spoke on the Sam Harris podcast
I love Sam Harris. He's one of the Four Horsemen.
Interesting that the word Christianphobe doesn't exist
@@Powderfinger07Fear of Islam is NOT irrational. Also the vaccines worked and have been a remarkable achievement.
@@Powderfinger07 I'm a fellow Islamophobe. Islam hates you if you are not a Muslim. Do you believe Mohammed was the best example of a man as Muslims do? Please review the story of Mohammed.
I don't know. I worked in security for many rich people; they seem to enjoy screwing each other as much as any other group. This man's argument is more against greed as any -ism. Conquer greed and scarcity and you'll solve most of society's problems.
"No one can serve two masters. Either you will hate the one and love the other, or you will be devoted to the one and despise the other”.
The economy is not growing, but the cost of living & debt won't stop growing. Many economists compare present time in the USA to the 1970s.
Wishful thinking at best.
Thank you, Sam. Thank you for always telling the truth, even when we don't want to hear it. I've come to trust your analyses.
So I was talking to this blueberry farmer the other night, he told me that he could only harvest about 20% of his 20 acres of blueberries each year because he didn't have enough hand labors, then out of that immense, absolutely immense harvest 95% of it was bought by a huge multinational which would in turn slow drip it into the market so that the price in supermarket would be ridiculously high. They'd rather let it all rot than sell it to you cheap, that's the world we live in folks, it's more money to not sell stuff, because you still want to eat blueberries, make fun blueberry stuff for your family, so you will invariably spend more money on buying that 1-2 150g box at 5$ a pop every now and again than buying a pound for 99 cent every week. Plus they save on processing costs because now they only gotta sell you 20% of the entire product, they cheap you out, they cheat you out, perfection.
But how can we deal with the looming techno-feudalism that appears to be destined to become our future reality? What policies should governments adopt to tame it, reduce inequality and increase social mobility…
The problem isn’t “capitalism”… The problem is government. An anarchist society is the only logically and morally sound way to organize society.
samvak.tripod.com/anarchy.html
An Anarchist society would by default exclude capitalism.
@@nataliekhanyola5669 Capitalism is simply a synonym for free trade and an anarchist society is a truly free society so, no, capitalism would still exist within it. What people really mean when they refer to capitalism is what’s known as crony capitalism or cronyism and it’s actually a result of government rather than the ability of individuals to trade freely, so quite the opposite, in fact.
@@magnusfreeborn I agree but the word "capitalism" like most ism's is forever tarnished. Perhaps just utilize "free market" within a self-governing society with meritocratic management.
@@aces411 No, people just need to stop blaming capitalism for all the things that are clearly the result of governments, because people think you can stop “capitalism” via governments, which only exacerbates the problems they wrongly attribute to capitalism. In fact people’s misunderstanding of capitalism is a HUGE reason the world is SO messed up, so, no, I can’t just let people be incorrect otherwise the problems will never be fixed which is exactly what the powers that shouldn’t be want.
The game is rigged, but a self sufficient can out maneuver the sheep and achieve his own Future as an individual in USA,by not buying the common societal. Illusions.!!!
The society isn't worth working hard for. Period
I like the idea of running a business to earn profits. The problem that I have with US capitalism is that profits are more important than morals and ethics over here. We need to put people over profits, not profits over people.
Is this not fractional reserve banking?
I love your channel btw.
It is.
Yes, exactly. Factional Deserve banking.
One of the best videos iv'e ever seen! Well explained. Thank you.
So what do we do to save our lives?
@@smokinonindobuy the thing created by the same people.. yeah that will work
save your soul first, body will follow
Regionalisation to heighten the visibility and responsibility of the people in power whilst minimizing the individual sphere of influence and capability of forming groups of interests(corruption).
Find others in your area to get together with, work towards being able to work together (the system uses means to divide and conquer), work towards sharing of resources, find out about things such as permaculture, people like Vandana Shiva, Bill Mollison, David Holmgren, and put your monies together to buy land or failing that do guerilla gardening and create food landscapes, for planet and all life. There's no need for scarcity. If we care for the planet it is abundant, how it was meant to be but the rich make it not so in order to keep things as they are.
I have no clue how to find such people around this city as all that goes on over here is buying and selling and the buddy system
If you are born in a medium family and if you go no contact with them and stay single you can became poor, I live in Europe, we are expect to be high funcional single happy individuals.
True 😢
If you are single in America you are considered non functional. The nuclear family is the smallest unit of human life. The most affordable apartments for a single person is priced for at least two incomes.
The capitalist crime syndicate.
As Joan Crawford said to Christina in the film Mommie Dearest, 'You have to compete AND win!' She's not wrong. The people who have all the wealth just so happen to write the rules in their favor so they always win. Isn't that what being a winner is all about? 'Its NOT FAIR' Christina said. .... 'Ah, but Tina, nobody said life was fair.' -Joan Crawford.
I hate this life :(
Hating life is not going to make it any better for you or anybody else....
We need to unify and crash the system
because you were dumb enough to believe the lies. become socialist already.
So what is the answer?
I have a college degree and middle class, but in my opinion, voting for either party is against our best interest. United, we stand. Divided, we fall. We are falling!
I have seen people who started with very little and became wealthy. It takes work ethic, time, and discipline. Three qualities that most people lack. A good idea for a business is hard to come by and even harder to execute into a business. If you help society fix a problem you can become very wealthy. You won't get something for nothing.
Yes, but America has become this place where sure, you can be rich if you're working harder and smarter than everyone else, but anyone who isn't trying to do the same thing will fall behind and be misreble. If you're not fighting to get ahead, you simply get left behind. Everyone in the US wishes to be rich so they too can enslave those who are not rich, since this is the only way to stay rich - to have more than the rest.
This is excellent. Intelligent people are converging.
Was not expecting you to expose this. Almost no one does. Very impressed.
LOL.
Prof. Sam Vaknin, so which economic system will work the best for a country?
The one thats in place in Cuba, North Corea, Venezuela, etc,
The Narrative 'American Dream' always gave me the idea of a ' Mirage'
I had once traveled to the US on work. My US colleagues were busy talking new cars, new laptops, where to eat, where to play golf, where to buy what...during the times we were taking a break from work. Also gossiping about others in the workplace.
Where I was staying, on TV, while watching the news ..three things took center stage. Gunshot fatalities, car pile ups and wild fires..( it was summer in California)
That was my strange experience of the US during my short stay there..
But yes, the houses were cool, the greenery, the manicured landscapes..
And yes...the alarm of my colleagues when i thought of taking a short stroll! Never do that they warned...even if there is a perfectly made pretty lane for pedestrians.. nope..
They did not want to frighten me about getting shot....
This is why I left the US. People are brainwashed with fear, carnal desires and material consumption. If you don't adhere to their cult-like mindset, you're an outside and will be talked about at work. Where I worked, there were people who rose the ranks, but their belly's and weight also rose considerably. They have more money and stuff, but will likely die early or at the very least, have a very uneventful life working and managing their assets only the die before they can use the valuable time they have on earth to enjoy life.
Yes, if you are walking, you are considered either poor. dangerous, stupid or all of the above. People don't trust you if you don't have the appearance of having money in America.
Very cool your work is getting recognition.
Well this guy would be a hell of an advisor
It’s a DEBT BASED SYSTEM to place the common people, in economic slavery, to banks and corporations. The vast majority of people are in, medical debt, school debt, credit card debit, car loan debt or mortgage debt. Making enough money to purchase food for their families is a huge challenge, when you're living, pay check, to pay check.
Thank you. I could never put into words how I feel about the economy. I’m an Econ major and could resonate with how Bishop Fulton Sheen said about the capitalism of the old is not the same of the new. Now I understand.
They’re not poor. They’re temporarily embarrassed millionaires. ☝️