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Pt.8 23 Things They Don't Tell You About Capitalism

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Lars77 Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:56 AM
Original message
Pt.8 23 Things They Don't Tell You About Capitalism
 
Run time: 08:23
http://www.youtube.com/watch?v=3bgcUPRnMls
 
Posted on YouTube: April 25, 2011
By YouTube Member: TheRealNews
Views on YouTube: 259
 
Posted on DU: April 25, 2011
By DU Member: Lars77
Views on DU: 936
 
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HolyCity2012 Donating Member (378 posts) Send PM | Profile | Ignore Mon Apr-25-11 07:02 AM
Response to Original message
1. Part 1, 2 & 3
Edited on Mon Apr-25-11 07:42 AM by HolyCity2012
23 Things They Don't Tell You About Capitalism Pt.1
"There is no such thing as a free market"
http://www.democraticunderground.com/discuss/duboard.ph...


23 Things They Don't Tell you About Capitalism Pt.2
"Companies should not be run in the interest of their owners"
http://www.democraticunderground.com/discuss/duboard.ph...


23 Things They Don't Tell You About Capitalism Pt.3
"Most people in rich countries are paid more than they should be"
http://www.democraticunderground.com/discuss/duboard.ph...

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PonyJon Donating Member (165 posts) Send PM | Profile | Ignore Mon Apr-25-11 08:15 AM
Response to Reply #1
2. Harvard, Wharton, business schools (BS schools),
all the best thinking out of these business schools in the last 50 years is to go where the labor is cheap. Boy that takes a PHD! How about innovation?
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txlibdem Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Apr-25-11 05:52 PM
Response to Reply #2
3. Agreed
I've worked with enough Harvard educated business types to know that daddy must have bribed their way through school anyway. They are the dumbest, laziest and least useful people in any organization. But their words are golden and they never get any backlash when their stupidity costs the company millions.

The interviewee is absolutely correct that economists have done nothing for the economy except piled the jargon and BS sky high so nobody can tell exactly what anyone ever promised or predicted. Now being an economist is a perfect job: even better than weather man.
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