*quality *doublepromote

Boosting this quality contribution up in the Hot Listing - declared quality by dystopianfuturetoday.

Double-Promoting this video and sending it back into the queue for one more try; last queued Friday, December 2nd, 2011 8:52am PST - doublepromote requested by dystopianfuturetoday.

Don’t Blame Capitalism for Wall Street’s Corruption and Lawlessness:

When Mahatma Gandhi was asked what he thought about Western civilization, he answered:

I think it would be a good idea.

I feel the same way about free market capitalism.

It would be a good idea, but it is not what we have now. Instead, we have either socialism, fascism or a type of looting.

If people want to criticize capitalism and propose an alternative, that is fine . . . but only if they understand what free market capitalism is and acknowledge that America has not practiced free market capitalism for some time.

...

People pointing to the Western economies and saying that capitalism doesn’t work is as incorrect as pointing to Stalin’s murder of millions of innocent people and blaming it on socialism. Without the government’s creation of the too big to fail banks, Fed’s intervention in interest rates and the markets, government-created moral hazard emboldening casino-style speculation, corruption of government officials, creation of a system of government-sponsored rating agencies which had at its core a model of bribery, and other government-induced distortions of the free market, things wouldn’t have gotten nearly as bad.

^The more we deregulate, privatize, cut taxes for the wealthy and cut services for the rest, the worse things get. Unregulated capitalism has become its own worse enemy. If we want to save capitalism from itself, we need regulate it, so that it can not be used as a weapon to subjugate the working poor, the middle class and labor. The economic reforms you call for are the same reforms called for by corporatists and plutomists like the Kochs, The Scaifes, Luntz, Norquist among other corporate elites. How is it that you can rail against crony capitalists and regurgitate their propaganda in the same sentence? In my opinion, it is be you are being manipulated to put for an agenda that appeals to your base nature by people who could not care less about you.

Unregulated capitalism has brought us:
-Vast Income Inequality
-High Unemployment
-Wage Cuts while productivity continues to rise
-Endless War for profit, oil
-Massive political corruption at every level of government

The 'free market' you dream of is a pie in the sky, no different from St. Peter and the Pearly Gates or 72 Virgins. "Free" Market ideology has been at work in American Government for over 30 years, and it has resulted in the creation of a global corporate state that is anything but free. Stop making excuses for failure. It's OK to admit you were wrong. Being wrong only becomes problem when your foolish pride hinders you from assessment. Pull your head out of the sand. @marbles

Dammnit, Marbles fooled me, I upvoted his comment then I realised he was blaming most of that stuff on the Government. The root of the problem is lobbyists influencing the Government. I hear Obama wants to raise one billion dollars for the next election cycle, I wonder where that money is going to come from, and what it will mean for the decisions he makes after he is likely re-elected?

http://www.guardian.co.uk/world/2011/apr/04/barack-obama-re-election-run

>> ^marbles:

Don’t Blame Capitalism for Wall Street’s Corruption and Lawlessness:
When Mahatma Gandhi was asked what he thought about Western civilization, he answered:
I think it would be a good idea.
I feel the same way about free market capitalism.
It would be a good idea, but it is not what we have now. Instead, we have either socialism, fascism or a type of looting.
If people want to criticize capitalism and propose an alternative, that is fine . . . but only if they understand what free market capitalism is and acknowledge that America has not practiced free market capitalism for some time.


think you'll find that it's the move towards a more free market that made things worse, from deregulation in the 70's onwards. governments and presidents Preached about the reduction of big government, and letting the market do what it wants.
Granted, its never strictly speaking been, a free market, because you still had government taxing (though as Wolff has pointed out in the video, shifting the burden completely away from business, and therefore, the market) but what you can say is this:

history now tells us that the more free the market, the worse things become....what makes you think having a 100% free market would make things perfect?
It would be total anarchy. The wealth divide would become incomprehensible.

It's all there, in history. The proof to end all these arguments is there, because it's already happened. Regulation, after the great depression, immediately improved things for America, taxing the wealthy, using that money to put in infrastructure that made america a superpower.
Deregulate everything, and watch the western worlds decline (for the majority).
That is what happened, you cannot argue a situation that actually happened.

All you need is a government that isn't corrupt, that doesn't pander to the free market and peoples desires to win elections, but instead holds certain ideas to be true. The death of idealism was supposed to make individuals free, instead it produced a new kind of control that made things a lot worse for the majority of people.
I believe science will ultimately find out the definition of 'human flourishing' and therefore create a new idea of what is actually best for a society.

fuck i clicked on this coz i love wolfie.... now i just saw that it's 2 damn hours long

is marbles blaming stuff on the governmetn?
if you didnt notice this video is mainly about the government. Did you notice that?

The thumbnail image for this video has been updated - thumbnail added by Boise_Lib.

i like socialized healthcare, UI, fire departments, police departments, etc

i'm glad some people here make the distinction between Capitalism and Crony Capitalism
but there's more than one type of socialism too

don't drink the koolaid

realize society is more complex than just making profit, or just helping your neighbour

the only boogeyman that really matters are unregulated banks and corporations

I'm so glad I watched both hours so that I could legitimately *promote this without doubts.

Promoting this video back to the front page; last published Saturday, December 3rd, 2011 10:32am PST - promote requested by Trancecoach.

what we have is capitalism for the poor, socialism for the rich.

how typical of democrats that we can't agree even on the simple things without arguing about whether socialism is perfect or not. or if capitalism is totally evil or not.

I have started to wonder a lot more about where all that money is going TO. People have started counting these dollars as though they are equal to votes, with the actual votes seeming to matter less and less. When do we just dispense with this troublesome voting and just weight candidates money piles in November? But seriously, where does all the money go? TV commercials, lavish banquets and ?????. Can you really spend a billion dollars on that? What happened to one man one vote? It's like we don't even get one anymore--the slot in the box doesn't accept ballots, just $1000 bills.
>> ^ghark:

Dammnit, Marbles fooled me, I upvoted his comment then I realised he was blaming most of that stuff on the Government. The root of the problem is lobbyists influencing the Government. I hear Obama wants to raise one billion dollars for the next election cycle, I wonder where that money is going to come from, and what it will mean for the decisions he makes after he is likely re-elected?
http://www.guardian.co.uk/world/2011/apr/04/barack-obama-re-election-r
un

>> ^dystopianfuturetoday:

^The more we deregulate, privatize, cut taxes for the wealthy and cut services for the rest, the worse things get. Unregulated capitalism has become its own worse enemy. If we want to save capitalism from itself, we need regulate it, so that it can not be used as a weapon to subjugate the working poor, the middle class and labor. The economic reforms you call for are the same reforms called for by corporatists and plutomists like the Kochs, The Scaifes, Luntz, Norquist among other corporate elites. How is it that you can rail against crony capitalists and regurgitate their propaganda in the same sentence? In my opinion, it is be you are being manipulated to put for an agenda that appeals to your base nature by people who could not care less about you.
Unregulated capitalism has brought us:
-Vast Income Inequality
-High Unemployment
-Wage Cuts while productivity continues to rise
-Endless War for profit, oil
-Massive political corruption at every level of government
The 'free market' you dream of is a pie in the sky, no different from St. Peter and the Pearly Gates or 72 Virgins. "Free" Market ideology has been at work in American Government for over 30 years, and it has resulted in the creation of a global corporate state that is anything but free. Stop making excuses for failure. It's OK to admit you were wrong. Being wrong only becomes problem when your foolish pride hinders you from assessment. Pull your head out of the sand. @marbles


Good Job. I link an essay that specifically identifies the problems and you respond with hollow partisan talking points that ignore the problems. Nationalizing risk by the big banks and privatizing profits is not free market capitalism, no matter how much you claim it to be.

Free market ideology didn't create a global corporate state. Putting our economy in the hands of a select few did. The Federal Reserve is an above the law private banking cartel. And whether you believe in a free market or not is irrelevant. Believing that Wall Street politicians are going to solve the problems that they help create is the real delusion.

Banks have taking over the government. Your solution: Support Wall Street puppets and regurgitate their talking points.

Banks have taking over the regulatory agencies. Your solution: Pass more Wall Street written regulations.

Government uses our tax money to bailout corporations and wage war around the world. Your solution: Give them more money to funnel to the top and fund more death and destruction.

So who's really being manipulated here? The corporate shadow government is erecting bars around your glass house and you're busy parroting their talking points. Good job pal.

Excellent talk.

Double-Promoting this video back to the front page; last published Sunday, December 4th, 2011 3:56am PST - doublepromote requested by geo321.

*history *controversy

Adding video to channels (Controversy, History) - requested by geo321.

>> ^wormwood:

I have started to wonder a lot more about where all that money is going TO. People have started counting these dollars as though they are equal to votes, with the actual votes seeming to matter less and less. When do we just dispense with this troublesome voting and just weight candidates money piles in November? But seriously, where does all the money go? TV commercials, lavish banquets and ?????. Can you really spend a billion dollars on that? What happened to one man one vote? It's like we don't even get one anymore--the slot in the box doesn't accept ballots, just $1000 bills.
>> ^ghark:
Dammnit, Marbles fooled me, I upvoted his comment then I realised he was blaming most of that stuff on the Government. The root of the problem is lobbyists influencing the Government. I hear Obama wants to raise one billion dollars for the next election cycle, I wonder where that money is going to come from, and what it will mean for the decisions he makes after he is likely re-elected?
http://www.guardian.co.uk/world/2011/apr/04/barack-obama-re-election-r
un



In terms of what the money gets used for, it's a very good question and something that certainly needs more attention. As far as who's getting it, I was kind of surprised to recently see that the money is allowed to go to some very unexpected places - the so called super congress had raised over $300,000 in donations by the end of September alone, with most of that going to 2 Republicans and 3 Democrats on the committee.

http://www.iwatchnews.org/2011/10/18/7138/super-congress-hauls-super-donations-special-interests-try-influence-budget-cuts

I don't know if that's just the tip of the iceberg though, with the Citizen's United ruling, there may be other PAC's donating far more.

Also, after watching all this video, my one gripe is that he seems to put too much focus on political ideology, he talks a lot about how Communism, Socialism etc can work, and is working in some parts of the world, but I would say that of greater importance is how accountable those in charge of the system are. I mean, Democracy is turning out to be worse than any other system in the history of the world but it's not because the principle of letting people have a vote is bad, it's because those in charge are abusing the system.

The environment is getting destroyed on unprecedented scales that were impossible previously
Millions have been, and are being, slaughtered because of kleptocratic regimes installed by the US
In the EU, bankers are being installed to lead countries, while political parties get merged - in so called 'democratic' countries
Austerity measures are being imposed on the middle class in many countries, while the rich are doing as well, or better than ever

I think it's human nature to want to vote for a person that you think will stand up for the principles you believe in, but in reality I think you are right wormwood - one man one vote is quite a meaningless term these days, especially so because we are in the age of Citizens United v. Federal Election Commission and Speechnow v. FEC decisions.

I learn so much about what I believe when I talk with you. And here I thought I wanted to reform our election system so that corporations could not so easily subvert the democratic process. And here I thought I wanted to reform our economic system so that corporations were held responsible for their actions and not allowed to siphon and hoard societal wealth. Who knew that I was such a fan of the global corporate empire? And who knew that removing all barriers to corporate wealth and power would result in liberty? It sounds so unintuitive and absurd on it's face that I would not have believed it had I not learned it from someone in possession of such formidable mental prowess. Your advanced wisdom is truly indistinguishable from magic. Expecto Patronum Mano Invisablo!>> ^marbles:

>> ^dystopianfuturetoday:
^The more we deregulate, privatize, cut taxes for the wealthy and cut services for the rest, the worse things get. Unregulated capitalism has become its own worse enemy. If we want to save capitalism from itself, we need regulate it, so that it can not be used as a weapon to subjugate the working poor, the middle class and labor. The economic reforms you call for are the same reforms called for by corporatists and plutomists like the Kochs, The Scaifes, Luntz, Norquist among other corporate elites. How is it that you can rail against crony capitalists and regurgitate their propaganda in the same sentence? In my opinion, it is be you are being manipulated to put for an agenda that appeals to your base nature by people who could not care less about you.
Unregulated capitalism has brought us:
-Vast Income Inequality
-High Unemployment
-Wage Cuts while productivity continues to rise
-Endless War for profit, oil
-Massive political corruption at every level of government
The 'free market' you dream of is a pie in the sky, no different from St. Peter and the Pearly Gates or 72 Virgins. "Free" Market ideology has been at work in American Government for over 30 years, and it has resulted in the creation of a global corporate state that is anything but free. Stop making excuses for failure. It's OK to admit you were wrong. Being wrong only becomes problem when your foolish pride hinders you from assessment. Pull your head out of the sand. @marbles

Good Job. I link an essay that specifically identifies the problems and you respond with hollow partisan talking points that ignore the problems. Nationalizing risk by the big banks and privatizing profits is not free market capitalism, no matter how much you claim it to be.
Free market ideology didn't create a global corporate state. Putting our economy in the hands of a select few did. The Federal Reserve is an above the law private banking cartel. And whether you believe in a free market or not is irrelevant. Believing that Wall Street politicians are going to solve the problems that they help create is the real delusion.
Banks have taking over the government. Your solution: Support Wall Street puppets and regurgitate their talking points.
Banks have taking over the regulatory agencies. Your solution: Pass more Wall Street written regulations.
Government uses our tax money to bailout corporations and wage war around the world. Your solution: Give them more money to funnel to the top and fund more death and destruction.
So who's really being manipulated here? The corporate shadow government is erecting bars around your glass house and you're busy parroting their talking points. Good job pal.

>> ^dystopianfuturetoday:

I learn so much about what I believe when I talk with you. And here I thought I wanted to reform our election system so that corporations could not so easily subvert the democratic process. And here I thought I wanted to reform our economic system so that corporations were held responsible for their actions and not allowed to siphon and hoard societal wealth. Who knew that I was such a fan of the global corporate empire? And who knew that removing all barriers to corporate wealth and power would result in liberty? It sounds so unintuitive and absurd on it's face that I would not have believed it had I not learned it from someone in possession of such formidable mental prowess. Your advanced wisdom is truly indistinguishable from magic. Expecto Patronum Mano Invisablo!

That's twice now you've put words in my mouth or argued I position I didn't make. And you have the gall to pretend I'm misrepresenting you? LOL

Keep ignoring the core of the corruption. And keep supporting Wall Street solutions to Wall Street created problems. It's worked beautifully so far.

............

this was brilliant and totally worth the time.
complex issues take some time and dr wolff lays it out nicely the history to how we got here.

the ending is almost chilling when he speaks about board directors pushing the working man even further because there have been no reprisals of anger and rage.
seems this was done before the occupy movement started.
seems americans are not just angry...but pissed off.

ah..to watch occupy oakland and how those thousands of people shut down the highway.
or the new occupyyourhome movement.
or how they are going to occupy k street.
now that really warms my cockles (having no idea what a cockle is..but its warm i tell ya).

and i really hope our political and financial elite ignore frank luntz's suggestions to tone down the aggression.
please please please ignore that man.
that is the only thing i want for christmas.

ah fuck it.
here is my christmas list:
1.i want those who have corrupted our democracy to keep pushing back and with authoritarian vigor.to use the police force as their own gestopo to crush those people who dare question their dominance and right to fleece an entire country.i want them to totally overstep their power and in doing so enrage an entire people out of apathy.

2.i wish for the CEO of <fill in corporate thief> to wake up from his home and look outside his window to be greeted by an ocean of angry faces and to have somebody filming him as he pisses himself.

3.i wish for every politician be forced to choose between getting ass-fucked with a razor blade dildo OR confess to every back door deal that fucked over,not only our democracy,but every citizen in this country.
both to be televised of course.
im betting there will be a shortage of dildos and proctologists.

4.i wish to see more people on the streets.i want to see so many that even the GODS will notice.i want so many people on the street that traffic comes to a halt and businesses shut down.

and i want to see the people who KNEW they were fucking us in the ass to be hauled out by their testicles and put on public display,their family stripped of all ill-gotten wealth and influence and for them to know the true meaning of SHAME.

so../claps
when we doin this thing?
christmas is only a few weeks away.
ill bring the weed!

http://videosift.com/video/Barney-Frank-scolds-media-for-lack-of-substance-to-her-face

Hey guys, isn't Barney Frank AWEsome?


Pseudo-intellectual's guide to Wall Street:
1. Support corrupt politicians
2. Blame capitalism
3. Attack and ridicule anyone that points out your blatant hypocrisy

Real Free Market Capitalists Demand that Financial Fraud Be Prosecuted
http://www.washingtonsblog.com/2011/11/real-free-market-capitalists-demand-that-financial-fraud-be-prosecuted.html

Adam Smith, Leading Austrian Economists and Other Free Market Advocates Are For the Prosecution of Fraud

There is a widespread myth that free market supporters are against regulation or prosecuting fraud.

In fact, Adam Smith – the father of free market capitalism –
was for regulation of banks, and believed that trust is vital for a healthy economy. Because strong enforcement of laws against fraud is a basic prerequisite for trust, Smith would be disgusted by the lack of prosecution of Wall Street fraudsters today.