What prosperity is, where growth comes from, why markets work, and how we resolve the tension between a prosperous world and a moral one.
0.0 Capitalism and freedom is not only the title of a 1962 book by Milton Friedman playing a pivotal role in asserting worldwide the neoliberal paradigm, but also the slogan that leading statesmen, politicians and opinion-makers have been heralding in recent years, in order to justify, amongst other things, the slashing of welfare states and the invasion of foreign countries…
In the capitalist system, the prime directive enshrined in law is to maximize profit for the shareholders, and not to optimize benefits for all stakeholders, inclusive of workers, customers, communities and our planet. These are treated as externalities so as to privatize the gains and socialize the losses.
In this system, workers are seen as a cost (a liability) and if the capitalists can automate what workers do, and thus bring the cost of “labour” to zero, they would do that readily to maximize profit gains. Also having a bumper stock of unemployed people keeps the price of labour low (according to market supply-demand principles), hence the manufacturing of poverty and economic refugees, which can be stopped in a heartbeat if there is the local and global political will to end tribal “wars” and destabilizations within and without……
Published on Jan 13, 2018 Peter Joseph, Author: The New Human Rights Movement – breaks down the three 21st Century market incompatibilities – laying bare why the imposed monetary-market construct is no longer a viable or legitimate system of creating and reinforcing positive public health and habitat management, on this planet, in this day and… Read More
The Jimmy Dore Show Published on Dec 1, 2017 Wealth Inequality Most Severe Since Ancient Egypt w/Prof. Richard Wolff Check Out More Of Professor Richard D. Wolff’s Work ▶ http://www.rdwolff.com Economic Update w/Richard Wolff ▶ https://www.youtube.com/channel/UCK-6FjMu9OI8i0Fo6bkW0VA
Published on May 27, 2017 Support the creation of more videos like this: https://www.patreon.com/sustainablehuman This video was created as a gift to humanity by Chris and Dawn Agnos Sign up to watch more videos created by us: http://sustainablehuman.com/videos/ Official Landing Page: Coming Soon Facebook Page: https://www.facebook.com/SustainableMan/ You are welcome to download, repost, and share any… Read More