Crises of Capitalism

[swag]

Run time: 11:11 http://www.youtube.com/watch?v=qOP2V_np2c0   Posted on YouTube: June 28, 2010 By YouTube Member: theRSAorg Views on YouTube: 17304   Posted on DU: June 30, 2010 By DU Member: swag Views on DU: 1063

 

[DeSwiss]

1. "Life is ruled by fortune, not wisdom." ~ Theophrastus - K&R n/t

[EmeraldCityGrl]

2. Great Video!

I would love to see how this plays out in the next generation. The monied, investment class
have exhausted the resources of the rubes they have been scamming for the last forty years.

Let's watch them eat there own.

[Populist_Prole]

3. K & R

What an entertaining way to hit the bulls eye so squarely.

Blows Becks irrational un-cerebral chalkboard off the map.

A must watch.

[HCE SuiGeneris]

4. Fantastic.

This is a great video, although it falters in its last third.

Still, heartily recommended.

[southmost]

5. great video!

love the graphics (funny how caricatures provide awesome visuals for these type of complex serious topics)

[baldguy]

6. Economic policies have been written to maximize the profits of the financiers

to the detriment of everyone else.

Just look at the way economic stories are presented by the "news": you don't regularly get to see see how manufacturing or retail sales or labor is performing - but every night we see how much the Dow Jones Industrial Average stock price has gone up or down, and the volume of trading on the New York Stock Exchange and the NASDAQ and maybe a foreign market or two. Then we see the punditry tell us what it means & why it's so wonderful for these abstract numbers to go one way & why it's so dreadful to have them go another way & tell us all why we should be happy or sad.

It's like evaluating the performance of a baseball team by counting the number of hot dogs that we sold during a particular game. We're told to sell the hot dogs. We're told to pay attention to the hot dogs. We've been told to invest all our money in hot dogs. When the price goes up It's Good! When sales go up It's Good! When these leading indicators go down It's Bad!! Very BAD!

And at the end of the season, when we've sold all our hot dogs at the best prices we could get (mostly to ourselves), we wonder why our team isn't in the World Series. After all, we sold 300 billion hot dogs during the year, more than anyone else. We're not equipped to understand (and we're not meant to understand) that the hot dogs don't matter one bit!

[skeptical cynic]

7. Wonderful

Thanks!

I'm going to circulate this as much as I can.

[TwentyFive]

8. Bravo!!! Best I've seen. Seeing the big picture explained ties it all in together.

Capitalists seek to confuse, distort and hide....and they have unlimited resources to churn out propaganda.

[EnviroBat]

9. I believe that the masses would stop using credit, we could starve the beast.

Easier said than done. I know of friends that have run up thousands of dollars in credit card debt. Sick amounts of 50,000$ or more. I ask myself, "why"? It's so fucking stupid to keep perpetuating this cycle of debt.

With regard to be a home ownership society. I got sick of making some asshole landlords rich and having nothing to show for it, or living under the heavy-handed rules of property managers. If that's wrong then too bad. I feel that a home is the most important thing a person can own. Having said that, there are those that financed waaay too much, or multiple homes and that was stupid.

[Duppers]

13. +100 nt.

nt

[Bullet1987]

10. Great and informative video!!

[Joanne98]

11. kick

[Duppers]

12. kick

A definite MUST WATCH!

Mr. Harvey's presentation is not only greatly informative, it's entertaining!




I'm sending this one out.