I got into an argument with someone a little while back who said the rich had every right to make as much money as they wanted to. I told them that they don't have a right to violate our rights to make their profits.
well gosh I hope he responded swiftly cos your response wasnt great, Im sorry. They dont voilate your rights to make that big money. Its against the law. Every leftist should have to live in a country that has communism
@@irenadubrovna1339 shareholders as “owners” is what’s wrong-remember the business roundtable in August 2019 when 200 American CEO’s redefined the purpose of a corporation in their document, “Statement on the Purpose of a Corporation.” They preached to the public their reimagined idea of a corporation which dropped the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits. Rather, investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities were now at the forefront of American business goals. Not looking good so far..
I'd like to thank my economics professor from Florida Atlantic University as I am able to finish his sentences. This isn't advanced economics. It's common sense. And unfortunately, many of our political leaders don't have common sense.
@@robin2012ism So-called pregressive politicians carryout the banking oligarchs plans. If you think greedy, murderous, genocidal, war-concocting central bankers have your best interest at heart you are delusional.
I forget which class it was but I remember watching this during one of my college classes and coming home that night to TH-cam with my fingers crossed hoping to find it again.
Glad he mentioned Henry Ford. I personally know that when we take care of each, and everyone's intention is good for himself, his fellowman and community, everyone can prosper.
Watching this in September 2023 because i just heard the 10 yr anniversary was coming up in one if his posts. Didnt know it existed before that. Its fantastic thus far! Professor reich makes the mundane (but important) amusingly digestible! What a skill.
How can free trade agreements take worker and environmental issues into more serious considerations if labor and environmental groups and unions not parties to the negotiations?
companies biggest expenses(costs) are due to employment wages (nearly 70%)......After few sentences.... Companies have to raise the wages to give people buying power ,so increase demand. Make calculations and get your answer dear Keynsianssssss!!!
(Pancha Chandra): Robert Reich is able to nail Trump's glaring faults & policy failures with remarkable ease! Robert Reich is a renowned Professor of Public Policy!
We are already experiencing the effects of fascism. It is just that nobody wants to publically acknowledged it yet but a few are starting to do so. 1. High levels of militarization and police state organizations/agencies. DHS, CIA, FBI, DEA, a 602 billion annual military budget, etc. 2. High levels of taxation and regulation or state controls/ownership of private property and business (means of production) or a combination of the two. The result being that you have a very high level of redistribution of wealth programs.
Welcome to Mercantilism 2.0. All national economies have adapted a new form of mercantilism. And under mercantilism you have a rather faint economic growth among at least 80%, and a tremendous gains of the top 20% more so at the top 5%. Once mercantilism matures over the long run, even the top earners start cannibalizing themselves since growth becomes vicious deflationary economy.
World War II, not the new "DEAL" stimulated the economy and created jobs. California's economy grew because of the extraordinary amount of military contracts it received.
*WHY ARE DEMOCRATS ANGRY?* Democrats are angry about the fact that politicians have become so dependent on corporations for campaign donations that the politicians are working for the corporations and not for all the people as the Founding Fathers of the United States intended: "Government is instituted for the common good; for the protection, safety, prosperity, and happiness of all the people; and not for profit, honor, or private interest of any one man, family, or class of men." ~John Adams, Founding Father As a matter of fact, although Government is instituted for the protection, safety, prosperity, and happiness of all the people, Republicans accuse Democrats and the working class of Socialism whenever Democrats attempt to exercise the institution of Government to benefit the working class and low income Americans.
In this country, you can make a lot more money if youre willing to make yourself uncomfortable. But I love the super rich guy who tells us how what he invests in doesnt do anything helpful with the money..the funds he invests in. Well Mr Democrat Sir...why do you invest your money there? You dont have to. Youre incredibly rich. You bought one top of the line Audi...youd rather eat Pho than a $500 meal...spend your money to help people!! You can still get a return! But no, youd rather invest in funds cos its easy. And the returns are predictable. And this is the Rich democrat they put on here? The one that agrees that he invests in bs? Cool
I got into an argument with someone a little while back who said the rich had every right to make as much money as they wanted to. I told them that they don't have a right to violate our rights to make their profits.
Lol
o man MIC DROP u really told him off
well gosh I hope he responded swiftly cos your response wasnt great, Im sorry. They dont voilate your rights to make that big money.
Its against the law. Every leftist should have to live in a country that has communism
@@irenadubrovna1339 shareholders as “owners” is what’s wrong-remember the business roundtable in August 2019 when 200 American CEO’s redefined the purpose of a corporation in their document, “Statement on the Purpose of a Corporation.”
They preached to the public their reimagined idea of a corporation which dropped the age-old notion that corporations function first and foremost to serve their shareholders and maximize profits. Rather, investing in employees, delivering value to customers, dealing ethically with suppliers and supporting outside communities were now at the forefront of American business goals.
Not looking good so far..
@@nightoftheworld Yes. Coz it was a facade. They wanna create and maintain the illusion that corporations work in the interests of the public.
It's hilarious when he notes that everyone in the room is probably in the top 10% as they discuss economic inequality.
I hate to burst your bubble but it's a fake audience, nothing wrong with that if you don't mind a few TV tricks.
I'd like to thank my economics professor from Florida Atlantic University as I am able to finish his sentences. This isn't advanced economics. It's common sense. And unfortunately, many of our political leaders don't have common sense.
Your not kidding, I watched a video some politician saying he didn't want to many people on this island cause he was afraid it would tip over
+The Benjamin Dixon Show
Let's dispel the fiction that our politicians don't know what they're doing, they know *exactly* what they're doing!
Correct. Republicans are paid bullies and corporate democrats are paid dive takers. Progressives are the only one's working for the people.
Ron Dvorak your black/white statement smacks of truth.
@@robin2012ism
So-called pregressive politicians carryout the banking oligarchs plans. If you think greedy, murderous, genocidal, war-concocting central bankers have your best interest at heart you are delusional.
Watching this in Dec. 2017.....I got chills at the response beginning at 54:30. He nailed it. I love Robert Reich.
I forget which class it was but I remember watching this during one of my college classes and coming home that night to TH-cam with my fingers crossed hoping to find it again.
Fantastic and so relevant and insightful now looking back in April 2020!!!
Glad he mentioned Henry Ford. I personally know that when we take care of each, and everyone's intention is good for himself, his fellowman and community, everyone can prosper.
Watching this in September 2023 because i just heard the 10 yr anniversary was coming up in one if his posts. Didnt know it existed before that.
Its fantastic thus far! Professor reich makes the mundane (but important) amusingly digestible! What a skill.
The professor knows the student/listener well (the eyes glazing over then sudden panic bit). Im so impressed and engaged!
He predicts and anticipates in 2013 the current election cycle of
2015-6. The anti-establishment politicians against establishment politicians.
Awesome Robert!
Beyond brilliant.
incredibly relevant today .. esp inequality -> frustration -> demagogues and scapegoating.
Robert Reich inequality for all. Our economy is underwhelming.
Thank you 😊
How does elasticity of demand affect the public and private sector transportation in countries?
The Federal Reserve caused the great depression. I contend it was intentional.
IT WAS !
Adequate and appropriate education programs?
It took 20 tries to get this video to play. All the others play instantly, why is this one blocked?
Don Nasca no soup for you sir.
Excellent information!
Thanks for watching!
How can free trade agreements take worker and environmental issues into more serious considerations if labor and environmental groups and unions not parties to the negotiations?
Thank you for sharing this.
Truth-teller....
He grills them without them noticing. Well done.
Reich talks about two phenomena to explain why income inequality is increasing. What are the two things??
companies biggest expenses(costs) are due to employment wages (nearly 70%)......After few sentences....
Companies have to raise the wages to give people buying power ,so increase demand.
Make calculations and get your answer dear Keynsianssssss!!!
" Money is not speech ".
MONEY IS POWER
The history of wealth distribution has always been, political.
Did the mod really have to *read* his own intro? (I'm blah blah from Dominican U?)
I am thinking of a vampire who keeps his prey barely alive so that he will keep having a source of blood.
(Pancha Chandra): Robert Reich is able to nail Trump's glaring faults & policy failures with remarkable ease! Robert Reich is a renowned Professor of Public Policy!
We are already experiencing the effects of fascism. It is just that nobody wants to publically acknowledged it yet but a few are starting to do so. 1. High levels of militarization and police state organizations/agencies. DHS, CIA, FBI, DEA, a 602 billion annual military budget, etc. 2. High levels of taxation and regulation or state controls/ownership of private property and business (means of production) or a combination of the two. The result being that you have a very high level of redistribution of wealth programs.
Welcome to Mercantilism 2.0.
All national economies have adapted a new form of mercantilism. And under mercantilism you have a rather faint economic growth among at least 80%, and a tremendous gains of the top 20% more so at the top 5%.
Once mercantilism matures over the long run, even the top earners start cannibalizing themselves since growth becomes vicious deflationary economy.
World War II, not the new "DEAL" stimulated the economy and created jobs. California's economy grew because of the extraordinary amount of military contracts it received.
NAFTA - I remember well, senior employees at the Federal agency I worked sharing their views that NAFTA would be the ruin of America!!!
genius.
We need a basic income as an investment in the future!
what is his main claim?
Maria Diaz inequality of chances or household income kills.
Corporate greed kills an economy.
hey that’s sam’s dad
*WHY ARE DEMOCRATS ANGRY?*
Democrats are angry about the fact that politicians have become so dependent on corporations for campaign donations that the politicians are working for the corporations and not for all the people as the Founding Fathers of the United States intended:
"Government is instituted for the common good; for the protection, safety, prosperity, and happiness of all the people; and not for profit, honor, or private interest of any one man, family, or class of men." ~John Adams, Founding Father
As a matter of fact, although Government is instituted for the protection, safety, prosperity, and happiness of all the people, Republicans accuse Democrats and the working class of Socialism whenever Democrats attempt to exercise the institution of Government to benefit the working class and low income Americans.
I really want to learn more but this guy is putting me to sleep!
In this country, you can make a lot more money if youre willing to make yourself uncomfortable.
But I love the super rich guy who tells us how what he invests in doesnt do anything helpful with the money..the funds he invests in.
Well Mr Democrat Sir...why do you invest your money there? You dont have to. Youre incredibly rich.
You bought one top of the line Audi...youd rather eat Pho than a $500 meal...spend your money to help people!!
You can still get a return!
But no, youd rather invest in funds cos its easy. And the returns are predictable.
And this is the Rich democrat they put on here?
The one that agrees that he invests in bs? Cool
You and others like you are the reason I voted for Trump and have already done so again.
With God, my hope remains a strong tower in my heart. People don't lose hope, turn to someone and something that has all the answers, GOD.
Looks like Dr. Fink needs treatment for sleep apnea. lol... jokes. NBFRT. lol
MAKES ME SAD THAT SUCH A FOOL AND CON ARTIST LIKE REICH IMPRESSES SO MANY PEOPLE. ------ IS ANYBODY READING VON MISES? OR HAYEK? OR FRIEDMAN?
He grills them without them noticing. Well done.