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How big corporations took over Western governments
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- เผยแพร่เมื่อ 6 ก.ค. 2024
- How did Western governments get to the point where major decisions are made by and for large corporate monopolies? Ben Norton is joined by political economist Radhika Desai to discuss neoliberalism and the myth of the free market.
This is based on chapter 6 of Radhika's book "Capitalism, Coronavirus and War". You can download it for free here: geopoliticaleconomy.com/2023/...
Check out other episodes in the series here: • Capitalism, Coronaviru...
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And voting for Dems and Repubs will change nothing.
'If voting made any difference they wouldn't let us do it' Mark Twain.
That the definition of Insanity
@@gerhard7323
JILL STEIN FOR PRESIDENT!
@@ttystikkrocks1042 Robert Kennedy Jr.
I was telling my friends this during the 1990's decade. They all said I was crazy, and it just couldn't happen in America. Now, they are eating their words and experiencing KARMA. We are now in a very feudalist fascist system for several generations.
Yes,we are and we always been.That is what capitalism is= feudalism in desquise.
Great comment. Still, it only happened to be noticed by you in the 1990’s. In reality this failed model started in 1492, after the consumption conquest of the first country of Iberian peninsula, Al-Andalus, and the fake “discovery” and the beginning of the conquest invasion and epistemic killing of the cultures of the “Americas”. It was the beginning not of an economical model but of the civilization model, the so called “modernity”. If you haven’t yet, I invite you to check a much better study of it with Berkeley University professor Ramon Grosfoguel.
Ditto and agree. How the West exploited the void after the Sovjet collapse was the eye-opener for me.
Scandinavian here. Ditto and agree. Exploitation of the void after the Sovjet collapse was the eye-opener for me. In all but name most Western Countries are now Neo-Feudal Oligarchies.
Scandinavian here. Ditto and agree. Exploitation of the void after the Sovjet collapse was the eye-opener for me. In all but name most Western Countries are now Neo-Feudal Oligarchies.
Feed the poor.
Not the 1%.
But servicing the Poor is a very popular Growth Industry. 😢🇨🇦
@@geovanniali6060 this lady is telling u that will never happen
@@pecan11 Just stating the facts but she is for sure fighting against this unfair system.
libya was the most successful african country before it got destroyed. civilians enjoyed a lot of privileges that average american can ever dream. but evil man gadaffi want to dump dollar😂
Yes , this privatizing of housing , and social services is what is THE HINGER GAMES ! ALL OF THOSE RELIGIONS GET TO PUT GREAT STRESS ONTO THE POOR PEOPLE !! THANK YOUR FRIENDLY LOCAL GOVERNMENT , WITH THE SUPPORT OF THE PROVINCE AND THE FEDERAL GOVERNMENTS !! @galeparker1067
There is no way rents can remain this high with the wages being this flat. People simply wont pay it.
Brave and Brilliant economist Dr Radhika Desai. 👏 thank you
Great presentation by the professor, Neo-Liberalism has completely disenfranchised the West.
It’s franchised the wealthy. Everyone else has been losing out for decades. The super wealthy have no borders.
"Government is the problem!" - guy who sought out the highest position in the government.
@@elonmusksellssnakeoil1744 Reagan was an actor playing the part for his directors.
To destroy the system you must be part of the the system. Remember Gorbachev, Yeltsin?
@@elonmusksellssnakeoil1744 It is. But those like you that bury their heads in the sand wouldn't know that. Socialism helps nobody but those at the top. Ask anyone who lived under the Iron Curtain how it was.
But I'm sure you'll only hear what you want to. You're a lost cause.
@view1st When you are part of the system that has helped to get you to the top, you have no interest in destroying it. If you are unscrupulous you may be in interested in destroying aspects of the system that benefited everybody else.
@@benangel3268Or possibly in some cases changing things you think will be better from the top with outside assistance, only for that outside assistance to step in and pull the rug out from everyone to pillage viking style.
The big corporations have the money, govt has the power. Money & power scratch each other's backs to gain more money & more power. In the meantime the public is fed bread & circuses and kept in line under the illusion of democracy and rights.
These CEO;s and Board of Directors gives themselves 10s of millions of dollars in raises and bonuses then blame their minimual wage employees for the collaps of their companies. Its like Bankers blaming their janitors and maids for the Banking Crisis.
God Bless You BEN NORTON❤❤❤
And the rest of the Geopolitical Econ. Report team! Thank you for dispelling lies about China among other things!
Surprised to hear he moved to China! Best wishes to him.
AMEN!
No water supply , no electrical supply should be privatized!! No food must be kept from the people who need good! No housing shelter should be kept from the people !! Food , clean drinking water , shelter clothes need to be a BIRTHRIGHT !!
I agree.
Me too ✋️
Human rights issue, but the UN and agencies are entrenched with the debacle that is the current world.
@@lloydsingline340 The current world will eventually change when Jehovah God wins the battle of Armageddon.
You know who tried that? The USSR, Vietnam, China, Cuba, North Korea, Iraq, Libya and Venezuela.
I assume you know enough history to know that central planning doesn't work. Collectivism in state leads to authority, poverty, economic fall down, lack of resources, resource mismanagement and ALWAYS indoctrination in education and culture.
You can make all of this free, with high taxes, but you'll need the money for that, which is money you WILL NEVER HAVE if you decided to let the stat-....cough cough.....the 'people' in charge, which will lead to allllll sorts of economic fallacies. Everyone will be entrapped for one job, for one purpose and you won't have any option and you must serve the state like a slave or have the state take away things from you.
Your disguise of "fairness" is what led to many's suffering and demise, what you think of as noble is why we have inflation, high taxes, terrible options and state-backed monopolies ran by the elites, the very people you will give power to.
You want to make scarce resources free? Well, do they cost time and labour and land and sweat to make? Then it's not free, and if you still want it free, then ALLOW PEOPLE TO OWN THINGS FIRST!
Grace Blakeley has recently written a great book about this topic called "Vulture Capitalism" and I highly recommend it. The term "regulatory capture" is wholly inadequate in describing what has actually taken place.
The laws of incorporation that were passed in 1863 put the US government squarely in the pocket of bankers and robber barrons. Even FDR, the "savior" didn't take the power to print free money from bankers. Printing unlimited money allows you to purchase unlimited power and influence. We all live in the results of that.
Right, corporations are only a facade, who really took over is those controlling corporations, and it is the reachest, having controlling pocket of shares bought anonymously for them by large investment firms they also control.
The "donor class" determines 95% of presidential elections, 93% of congressional and 82% of senatorial races.
But that's only the tip of the iceberg..... They also own international institutions like the UN.
China has nationalized banks. The only way to go.
@@kateoneal4215 Of course, the UN creation was financed by the Rockefellers, even the land the UN building is on belongs to them (it is only given to the UN to use it, long as it exists).
Poster boy is a mal content phonsy in charge of Berkshire Hathaway amd one of the five aforementioned who doubled wealth in 2 years at the expense of the many who make and create.
Worse than Gates, the t i r d? Similar enough...
Soul lee vamp ir ik
IMHO
I feel like I'm getting a minor in geopolitical economics, one hour at a time. This is extremely valuable subject matter in terms of understanding the economic forces at work in the world, who benefits- and who loses.
Neoliberalism isn't "market" fundamentalism, because corporate players try to escape market discipline at every opportunity. It is "private investment and profit fundamentalism" or "capitalist fundamentalism" or "corporate fundamentalism".
I see "corporate fundamentalism" is the correct term, especially if you include banks & private equity.
George soros literally calls his ideology market fundamentalism tho
@@dudebro91-fn7rz actually he argues against market fundamentalism
You are absolutely right about the definition of liberalism. I didn't learn the true definition of liberalism until I took a government class during my doctoral studies. I was so shocked. Liberalism coincides with Libertarians.
no it doesn't, you read the wrong stuff, libertarians are not liberals
Gotta say it's a rare thing to get a book on these subjects for FREE so the poor can educate themselves. Well done and thank you !!!
One of my seventh grade teachers, who taught civics, required our class to watch Reagan's inauguration in the classroom on January 20, 1981. So I saw him say "government is the problem" in real time. Even then, I didn't like him at all. I liked the idea that the government could help people in need. Our teacher loudly cheered him on from behind her desk. My generation turned out to be very conservative and reactionary, and pro-neoliberal, for the most part.
Thanks for the update.I really appreciate the dedication in each video you post.The first step to successful investing is determining your goals and risk tolerance, To be successful in markets, traders should understand the crossover between asset classes & liquidity flow.. You have changed my entire life and I continue to preach your name. Now I can say that thanks to Ms. CLARA BURN I am improving my understanding of this whole world and making new big profits every week.
Two other of my colleagues and I tried it immediately, we testified. MRS Clara Burn is doing wonders.
How can I participate in this? Like how do I contact this adviser please?
she often interacts on Telegrams, using the user name
ClaraB3
Thanks heaps.
I hate corporations literally making the lives of the masses miserable. It is focusing on profits than pursuing the general welfare of the people thar really make me angry and sad whenever I see homeless and old people begging alms just to buy food for their immediate medical issues.
Almost every day I see this here in the Philippines. Water, electric and telecommunications utilities getting more expensive. Most of all you cannot afford to get sick here because hospitals are mostly privately owned. If you don't have money for down payment for immediate medical attention then you die or your medical conditions worsen.
All utility businesses work best when nationalised they are part of critical infrastructure and should never be privatised ❤
Ben, thank you 😊 from my mei mei (sister) love your analysis & please keep up the good work.
This is very true thank you so much Ben ❤❤
It’s a FEATURE of capitalism, not an anomaly. This is unavoidable when individuals and corporations have the money and the connections to exert constant pressure using both carrots and sticks as the tools crush resistance.
You call it Neoliberalism, I call it Ultra-capitalism
We need to "cut the malarkey". That will surely help.
Capitalism on steroids
In other words: We are ran by junkies, "profit junkies"
Unfettered capitalism.
That's what neoliberalism is.
Thank you Radhika! Neoliberalism clarified. Thank you Ben. Thank you Jayati Ghosh. Thank you Michael (Green Party, natural monopolies, wealth tax?).
Thank you for sharing. #CBOBAO
Ben, thank you for your work, it's essential to understand how the world runs nowadays. Im I big fan of your chanel. Saludos desde México 🇲🇽
Given the persisting global economic crisis, it's essential for individuals to focus on diversifying their income streams independent of governmental reliance. This involves exploring options such as stocks, gold, silver, and digital currencies. Despite the adversity in the economy, now is an opportune moment to contemplate these investment avenues.
The pathway to substantial returns doesn't solely rely on stocks with significant movements. Instead, it revolves around effectively managing risk relative to reward. By appropriately sizing your positions and capitalizing on your advantage repeatedly, you can progressively work towards achieving your financial goals. This principle applies across various investment approaches, whether it be long-term investing or day trading.
I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 2years+ and I've netted over 2.8million.
@@joshbarney114 I think this is something I should do, but I've been stalling for a long time now. I don't really know which firm to work with; I feel they are all the same but it seems you’ve got it all worked out with the firm you work with so i surely wouldn’t mind a recommendation.
I definitely share your sentiment about these firms. Finding financial advisors like Marisa Breton Dollard who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.
Excellent share, just inputted Marisa Breton Dollard on the internet, spotted her consulting page ranked top and was able to schedule a call session. I've seen commentaries about advisors but not one looks this phenomenal.
This is what I call truly useful economic commentary unlike a lot of obfuscation that masquerades around as high level economic analysis
I have learned a lot from this Ben Norton & Radhika video by seing this doctrine changing its fancy names while its purpose remained constant: stealing from the working class.Amazing.
Gd! What a massively important video! EVERYONE SHOUDL WATCH Ben does it again! Fantastic
Analysis always exposes corruption ... Great topic
Love you both you are my favourite
Never forget Hudson.
What a great discussion thanks
how to take over a government 101.........wave a dollar bill in front of a politicians eyes
@@northstar1060 We ran everything. We paid off cops. We paid off lawyers. We paid off judges. Everybody had their hands out. Everything was for the taking.
-Corporations
Is that one of Gene Sharp's book?
Good discussion.
In neoliberal countries the state is so weakend that its only tools are tariffs and subsidies. Hence, as Radhika points out, it ends up being a version of neoliberal economy where the biggest customer is the state, to privatly owned corporations. Futhermore many of the subsides invesments into "green" economy/energy will be far from econoical and benifital to the broader populous...will end up being very expensive. But the investment class is have a party...
I thought I had learned economics. But I had actually been spoon fed an ideology - thanks to Ben, Radhika (and Michael) for all of your work. You have freed my mind from the shackles of propagandized junk economics. Now I am making connections and seeing the world as I have never seen it before. It's quite destabilizing but I would rather know the truth of things. Keep up the outstanding work.
I wonder what the best opportunities to invest now are, there are opinions but a little later I find out these opinions don't matter as a totally different turn of events play out with the stocks they discussed therein...
If you’re new to investing or have a more complex financial situation, It can be helpful to work with a financial advisor who can provide personalized guidance and help you make informed investment decisions.
Even with the right technique and assets some investors would still make more than others, as an investor, you should’ve known that by now, nothing beats experience and that’s final, personally I had to reach out to a market analyst for guidance which is how I was able to grow my account close to a million, withdraw my profit right before the correction and now I’m buying again.
That's correct. At first, I wasn't too pleased with my gains compared to my previous performances, I was doing so poorly, I thought I needed to diversify into better assets, so I got in touch with an investment-advisor. That same year, I pulled a net gain of 550k, which is about 10 times more than I average on.
How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.
Ethan Grayson is one of the finest portfolio managers in the field. He's widely recognized; you should look him up.
Greed and personal gain are opposite to social responsibility. How could people actually fool themselves into believing that corporations ,whose sole motive for existence is to MAKE PROFIT, would care about social responsibility. 😂 Makes as much sense as “self regulation” of industry.
Not only so.
Its honor and its opposite moreso.
Honest vs opposite
Lawful vs not
Caring vs indifference
Its a US religion that's malignant
Murd r & Sui side Inc
Livestock max in half life.
Feel Free ® ™
NO needs.
Wants by design
Just increase advertising and ROI at 6% average yearly...
Corporations give people jobs and income. They lift people out of poverty so that they can put money back in the communities. Do you think money to eat with falls from the sky?
@@happyappy19931 and in the worst possible way on Earth destroying in 400 years what only took the 20 years past and gravelly another 10.
Must be loon
Ie Libertarian
@@happyappy19931in order for a corporation to turn a profit, the workers have to stay in poverty. Basic economics
Best Information available
Keep up the fantastic work
Still watching recent episode on China
Ben Norton, you are the man. Keep up a good job.
You don't need an Oxford degree to understand that if you mindlessly give away money for ten years, encouraging people to go into debt, and then suddenly do the exact opposite, the country will go into disarray.
SCOTUS gave them the rights as a citizen, that did not help, turning our societies into consumer driven economies has not helped everyone wanted cheep goods
We need to have corporations stripped of personhood. Now they are also seeking voting rights as "persons". If you haven't signed Move To Amend's petition to pass a Constitutional Amendment stripping corporations of personhood, I encourage you to do so. Addressing this issue is long overdue.
No trained workers? I find that hard to believe. It seems like there are a lot of people working jobs for which they are overqualified -- just as in the 1930s.
China educates 100X more STEM grads p.a. than the US. Probably more now.
Greed is killing people. 😢💔🙏
Thank you for explaining Liberalism. I probably should've done research on this word that causes so much friction and confusion, but now I see it for what it is--just another trap for the average worker fall into. For those of us who do real work and don't earn passive income there's no point in participating in Their capitalist system as it only serves Them (the few) and having served this class my whole life, I've nothing to show for it but worn out joints and a depressed bank account.
We have to organize before it's too late for our class and the planet. Handling the feeling of hopelessness is difficult, but that's the one key ingredient in their formula for our total submission.
Kudos for honest comment! ❤
You got it. Western media is the Big Lie Machine, tremendously successful at promoting;- slavery as freedom, war as peace and multiple instances of divide & rule. Most western people have their heads full of media bullshit, lost in a maze of lies. A lot of people are waking up these days. Hope springs eternal.
Being greedy is part of human nature. Who wouldn't be, given the opportunity? This can only happen when you have the power to print money with no limits. No one in this universe should have this type of power, as that is where the true danger lies.
Globalisation in Australia brought Americans owning more than 50% of our largest corporations, including all the banks and mining. Large amounts of retail and infrastructure. Most of the bureaucracy has been contracted out to large consultancy companies like pwc, Deloitte and kpmg. America owns our means of production 😢
Same in Europe
And they treated you all like dogs during the plan dem ic
I like the idea of the free pdf in relation to your podcast.
I have just ordered Capitalism, Cornavirius, and War.
Thanks for the heads up!
Clive
Thank you all.
Not a leftie, much less a communist, but I must say, this channel produces a sturdier, sober, more accurate analysis of geopolitical episodes than any I can think of, on either side.
⚠Sort comments by newest,. many are hiding
... hidden.
@@traditionalfood367 I know, I vary wording a bit.
Imagine a frightened comment that doesn't want to be forcefully taken to entropy land 😱
Yeah I wish I had known this sooner. YT has several effective forms "soft" censorship.
@@rsavage-r2v I spend lots of time on yt. Closing down channels, censoring important information, I find that on the harsh side.
Good thing there are fallback platforms... On the other hand, I hate being funneled because it makes me feel I'm heading into a trap. I did not use to feel paranoid. Perhaps I wasn't understanding the 'Corporatocracy Empire' until a few years ago.
I'm leaving you another reply below. You can look up the word and the concept 🖖
@@rsavage-r2v Pathocracy
This is one of my favorite you tube channels. Must see in high schools...
The government also extended the right for corporations to have privatized military forces
Any conflict with those privatized military forces is also by decree considered a direct attack against the United States
This is the best channel on TH-cam. Great work Ben!!!
This is known as capitalism.
Crapitalism
Neo-Liberalism is an extreme form of capitalism that exaggerates all the of the negative tendancies of the capitalist system, between 30's and the 80's capitalism was kept in check by antitrust laws and heavy regulation, consequently living standards in the west improved a phenominal amount in general.
@@jakethomas1829Ws the book title says The Best Democracy
that Money Can Buy!
Author- Greg Palast.
Corporatism. That’s different.
Ronald Reagan put tariffs and also pushed Plaza Accord on Japan for resolving US trade deficit. This reduced the value of U.S dollar Japan earned into less than a half of its former value.
Thanks Ben and Radhika
Very interesting video. We are lucky to have this channel.
Thank you ❤
Brilliant. Excellent discussion.
Thank for Radhika, is difficult to found a research that focuses on the Roots of the system and problems of Vampirism Corporate without a conciencios investments
Thanks!
Great talk, but a few points of modification I think are needed.
I'd argue violence in many forms from slavery to workers rights attacks, safety and representation, to repression of freedom of speech and thought, the ability to have fair acces to the use of the judicial system or have it restricted by lack of resources or representation of you class, to armies to facilitate extraction abroad and the preservation of the state, these all can contribute or detract from the value created in a society.
Ben made the point of a highly educated person sweeping floors being productivity and wealth destruction, but I'd argue that the same applies to many more fields. I heard John Ralston Saul mention once in a talk that he was warned by some short remark, hi to all listeners by a diplomat, that I'd be wise to not reveal to much on a certain zoom talk. So the NSA listening in, was directly causing self censorship, and when talking about a future politically sensitive book publication, thus directly causing economic and wealth harm. This might seem trivial, but such things compound till the point you have to start building walls to keep people in, which would represent complete collapse of wealth creation.
Racism destroys wealth (*) , Top Chinese scientists at US companies and universities are resigning their posts and returning to China.
Healthcare is off course and obvious and discussed although not taken seriously, part of society where there is wealth and income destruction. But it is not alone, the Corporate Media, the culture it spreads might heighten desire to earn and spend more, but it discourages serious political debate, and plunges people into chaos and depression to the point of dis-functionality, and destroys wealth.
On the other side something which may or may not even be very capitalist or socialist driven is that knowledge itself is a huge driver of wealth generation. It allows more options.
I came across an article once and because my girlfriend is a translator sort of made a mental note of it, it discussed a phenomenon named by the author The vocabulary Explosion, I haven'tbeen able to find it again, but anyway, the jest, at the time of William Shakespeare there were an estimated 14.000 words in the English language, in 1850 something like 40.000, now 180.000 - 1 million.
This very clearly to me represents the complexity of a society, my argument to her was that Pilgrims in medieval times likely were more multilingual simple because the languages were proportionally much smaller. And well teasing a bit the original latin as spoken by Julius Ceasar was probably limited to just 3 - 5.000 words.
This has off course been going on from well before there was even the concept of Capitalism.
And points to the fabulous wealth creation by education itself.
(*) th-cam.com/video/QR2tk9TcsDM/w-d-xo.htmlsi=eiIWdOSxx9g9Mx_I
Thx for the update
I am deeply grateful to have come across the Geopolitical Economy channel. You have helped me to make sense of my limited knowledge and given me the desire to learn more and to not go back to sleep. Thank you.
Question: Why can’t the states revoke corporate charter agreements as a means to enforce rules to help the working class?
The corporations are global and they are calling the shots in US and in many places around the world. Countries are tied to each other and have become quite interdependent. This is how I think of globalization. This is the environment I think we have to consider when we make assessments about reality today.
This channel is so important. Thank you so much and keep up the good work! Our world needs more ot this!
Thankyou Ben and Radika 🌿
Same thing happen in UK with historic tax breaks for corporations not mentioned by new admin who make up shortfall on pensioners backs.
Great video. Thank you!
Everyone will talk but no one will make a change. No hope.
America in obvious decline
Excellent , both of you.
Thank you very much for the book.
"The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it becomes stronger than their democratic state itself. That, in its essence, is Fascism-ownership of Government by an individual, by a group, or by any other controlling private power".
April 29, 1938, Franklin D. Roosevelt
Thank you for the TRUTH .
Thank you this was powerful
The dark side of Capitalism indeed !
Crapitalism
Capitalism is all dark!
@@tonytitado6478 What does that even mean? Capitalism lifts people out of poverty.
@@happyappy19931except it literally doesn’t. It forces people to stay in poverty while the rich get richer
@@borginburkes1819 It did for me, and I’m from Appalachia. 🤷🏼♀️
You should all watch Gary's economics on TH-cam. He shows the truth about the economy
Wonderful discussion ❤
I'm so happy i chose China as my country to work in when i decided to leave my home country 11 years ago. Something in my fate sent me to the right place for these historic times we are living through.
Is this CCP propaganda?
Planting your own food and medicine is like printing your own money
Great insights, thank you!
Wounded power is a very dangerous animal.....
We are all living in a dystopian corpocracy
Great show! 😃👏🏾👏🏾👏🏾
Thank you.
24:04 key key point in the context of free money for the city, aka QE. there are many ways to deploy said free money as tools for large scale scalping and wealth extraction in general.
Thank you both for your discussion on neoliberalism. God help us all.
The Greenspan put was a monetary policy response to financial crises that Alan Greenspan, former chair of the Federal Reserve, exercised beginning with the crash of 1987.[1][2][3] Successful in addressing various crises, it became controversial as it led to periods of extreme speculation led by Wall Street investment banks overusing the put's repurchase agreements (or indirect quantitative easing) and creating successive asset price bubbles.[1][4] The banks so overused Greenspan's tools that their compromised solvency in the global financial crisis of 2007-2008 required Fed chair Ben Bernanke to use direct quantitative easing (the Bernanke put).[1][5][6] The term Yellen put was used to refer to Fed chair Janet Yellen's policy of perpetual monetary looseness (i.e. low interest rates and continual quantitative easing).
Workers of the world, unite
Ben🦉 you Are one of the Very best you explain things so clearly 💯
Modren day modle of East India Co. Very successful in colonial monpolstic economics and now applied globally. Corporate takeover.
This makes me think of Gavin Newson and his folks dining at the French Laundry when everybody else in the world was under quarantine. That was about the same time he was getting huge PPP loans for his winery etc. while old people and children alike were piled up in hospitals suffocating on their own mucus. 🤷🏻 🎉 🎉
00:02 Corporate social responsibility is often a facade for profit-driven actions.
02:23 Neoliberalism promotes market fundamentalism and favors big corporations over workers
07:41 Neoliberalism is not about free markets.
10:01 Shift from neoliberalism to globalization in 1990s
14:55 Massive wealth concentration among the richest 1% in Western countries
17:22 Neoliberal policies favored core capitalist countries over peripheral countries
21:24 Big corporations control the money flow
23:25 Federal Reserve's massive money creation impacts rich people's wealth
27:35 Neoliberalism evolved post 2008 crisis
29:53 Pseudo Civic Neoliberalism is a deceptive attempt by capitalists to portray capitalism as being civic.
33:49 Big corporations use pseudo-civic neoliberalism to serve their financial interests.
35:47 Big corporations oppose socialism and conflate it with far-right ideologies.
40:00 Neoliberalism has weakened the left and led to the rise of pseudo-Civic neoliberalism.
42:12 Globalization is a key aspect of neoliberalism affecting global economies
46:13 Foreign direct investment is minimal in most countries
48:18 Productive investments remain within First World countries
52:26 Return of industrial policy challenging neoliberal Dogma
54:30 Ross Perot criticized free trade and called for protectionism and industrial policy.
58:42 Neoliberal financialized capitalism allows capitals to control states.
1:00:36 Chinese socialist system invests in public goods to lower production costs
1:04:39 Capitalism is past its prime and needs significant modification.
1:06:40 Organization of the forces of socialism is crucial to address discontent in capitalism.
Crafted by Merlin AI.
A 5 stars discussion on neo liberalism in the West
Thanks very much.
Interesting you are yet to touch on whats happening in Kenya right now. This channel is always upto date with such affairs