How the 'free market' has devastated black communities | Lester Spence | TEDxMidAtlantic
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- เผยแพร่เมื่อ 22 มิ.ย. 2017
- Lester Spence is an associate professor of political science and Africana studies at Johns Hopkins University. He specializes in the study of black, racial, and urban politics in the wake of the neoliberal turn.
An award winning scholar (in 2013, he received the W.E.B. DuBois Distinguished Book Award for his book, Stare in the Darkness: The Limits of Hip-hop and Black Politics) and teacher (in 2009, he received an Excellence in Teaching Award), he can regularly be heard on National Public Radio and the Marc Steiner Show.
Raised in Inkster, Spence holds both a BA and a PhD in Political Science from the University of Michigan. He has lived in Baltimore since 2005 and is a father of five.
This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at www.ted.com/tedx
TH-cam's algorithms are a joke. I am bombarded by videos I have no use for yet it takes two years to find this video?
Far More... (the names keep piling up). ... George Floyd....
Came to see what he had to say about the free market and all I found was an analysis of the State and how it has destroyed communities. There is very little free market aspects about our society. He picked up on this, but the video is still titled the way it is. The blindness is stupefying.
It always happens. I think they'll come around eventually.
Quotation marks might indicate sarcasm
That’s what I was saying he talks about the wage and productivity but he doesn’t mention how the innovation was result of failure of carter administration so government failure sparked an innovation which lead to the 2000 boom from innovation and R&D. And free markets don’t operate with mass government subsidies at most subsidies are supposed to be 1/10 of the price and that’s being generous
@@raridakinfolk710 "free market" "there should be subsidies, just smaller"
Free markets do not, have never, and will never, exist. Maybe there was before society was organised. Besides, it's a terrible situation to be in when the market is completely deregulated. You'd be begging for a nanny state if it was truly free.
The stare destroys everything it touches
But we’ve never had a true free market anywhere in the entire world. We’ve had aspects of a free market for example in Hong Kong, but never a whole society that consisted of a free market.
I can' t believe this was on TED nice job!
The extreme inequality we have now favors extreme monopolies, the wealthy billionaires absorb all the money from the lower classes, store it away in fiscal heavens and so the money is not reinvested. Middle class people on the other hand reinvest almost all the money and so the businnes cycle continues. So, unless you tax away the extreme inequality we have now, you wont have prosperity, this is just 1+1. You have either a middle class economy or you have a billionaires and poor people economy, you cant have both. The "free market"-mantra is just pure ideology, not factual in the real world
The presentation was not bad, but I really don‘t like the title...
TLDR version: the title sucks. The problem is most analysis on economics is really on the political economy i.e. political conditions and state choices that shape the wider economy, not the framework of how resources are distributed which is what economics is. Free market does not mean no tax base, just that it prefers lower rates on capital and income. Free market is allocating resources based on supply and demand, and limiting govt functions, not hollowing out the state which is whats shown in the video. Union membership declined because the composition of unionised sectors as share of the economy declined (globalisation). Incarceration increased because petty crimes were given higher sentencing and mandatory minimums. The stadium example is not free market, thats just what officials chose to waste money on at the time.
Yo, let me aks you dis, how come free market helps South East Asian communities thrive when they arrive in the great us of a? Or is the China man, as the black communities like to call the SE Asians, also raeaceeest therefore they are able to get by without state handouts?
LOL, posted 4 minutes ago and scored 3 likes already and the video has 565 views and 19 likes. Nothing better than post a excuse seeking BS and the like your own BS using multiple accounts.
@zOOh, are you gonna respond to any of his points or just insult him?
That's true, I come from a poor country and was in fact poor. As soon as I got here, I took advantage of the many opportunities. If you're poor in America, you are either too lazy, make too many bad decision or afflicted with victim mentality.
Excellent presentation.
I’m Nigerian🇳🇬(West Africa).SubSaharan African Countries practice Capitalism yet we’re still so poor.I’m not a socialist or communist but I surely know the flaws of capitalism 1st hand.Have a nice day
Africa has a ton socialist policies that stagnate their own people and prosperity. Name one poor capitalist country in africa.
@@truthseeker3397 Name one RICH SUBSAHARAN AFRICAN country.👍
@@truthseeker3397 I understand capitalism has it’s many benefits and I know your country got rich and successful by capitalism but are you saying it has no flaws or all capitalist countries are doing well.
My country had been divided into two(South, North Korea) in 1947 and North Korea(communist) was actually far richer than the South(capitalist) because they had more resources and infrastructure before the division. (The South's GDP per capita was lower than Ethiopia in 50's.)
But now, my country, the South is dozens of times richer than the North.
Yes. Capitalism has flaws. Plenty of. But it is the best way to improve economy. You said Nigeria is still poor, but actually economies of Sub-saharan countries are growing faster than any continent. Nigeria is just having the same time as what South Korea had before.
We were poorer than the North, but we grew faster than them thanks to capitalism, and now...😁 we won. I hope Nigeria would prosper just like we did. Have a great day!!
Communism doesn't create anything. You'll still have the same ressources. Stuff won't just fall from the sky.
He is right. And we have Copmala Harris running right now to prove every point he made in this presentation.
he is absolutely right....we have to confront the fact that the people have no police to protect them from lawmakers and law enforcers.... police purposes,practices and ideology must be confronted and reformed for real growth and progress to take affect
i liked it bro
Caucasoids & Cops don't Mix
Someone has read Revolutionary Suicide I see
I like the conversation but feel he needs to work on his cadence. It’s too shouty. I just wanted something to listen to while I do my hair
Neoliberalism supposedly starved the federal government. Except federal revenues have increased every year since 2010, reached a new all time high in 2013, and were more than 20% higher than that in 2018 - 3.33 trillion. Not enough?
The entire left exhibits anti-vaxxer/flat-earther levels of ignorance when it comes to Economics. They have their intuitions about the way economies work and the history of the US economy, and they ignore or use mental gymnastics to explain away statistics that contradict them.
That money isn’t handed down by God, it has to be paid off. Government spending leads is debt, and that leads to taxation through inflation.
I don't like the yelling style of presentation. It sounds like he is yelling at the listener/audience.
sigh...
maybe we should give the gangs and violent criminals cameras, and maybe they will act better and we will need less police and we will have less homicides. but... probably not. more police please... less criminals.
Shush bozo