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Everybody talks about capitalism -- but what is it? | Kajsa Ekis Ekman | TEDxAthens

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This talk was given at a local TEDx event, produced independently of the TED Conferences. In the wake of the financial meltdown and the euro crisis, a new interest in understanding capitalism has surged. So what is this system? It has the power to transform rural societies into bustling urban metropoles in only a decade, foster innovation and new technologies - but one thing the system lacks is a plan. And as we face not only economic crisis, but a much bigger climate crisis, a plan is exactly what is needed. Kajsa Ekis Ekman was born in Stockholm 1980. She is a journalist and author of two books, "Being and being bought" about trafficking in women, and "Stolen Spring" about the eurocrisis and its consequences for Greece. Her books have been translated into several languages and she lectures around the world about crisis theory, women's rights and Latin American politics. She is a critic at Sweden's major daily Dagens Nyheter and an op-ed writer for the newspaper ETC. She is the founder of the climate action movement Klimax and the solidarity network NFG. About TEDx, x = independently organized event In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)
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Text Comments (624)
Chris Clegg (1 day ago)
A confusing speech on Capitalism in my opinion. Kajsa doesn't answer her own question - what is Capitalism? She does a good job of going over the history of Capitalism in the last few decades, but missing the point and not explaining what it is.
Lilly James (1 day ago)
Chris Clegg Exactly, i saw the whole video but she never explained the true core definition of what capitalism is, she was too busy with examples and got carried away explaining the girth surrounding Capitalism.
chun he (3 days ago)
I don't get what she's trying to say.
Kim Concepcion (6 days ago)
finally i understood where socialism / communism is coming from
Filthy Filter (10 days ago)
WOW amazing speech ^_^ <3
Filthy Filter (10 days ago)
BOTOOOOOOOOOOX (that failled :P )
Anuj Maurya (22 days ago)
Right from her outfit to her lipstick everything is a product of capitalism.. Don't think she can survive long without capitalism..she has no clue what she is talking about...
kemohere (22 days ago)
Thats right you cant have democracy in love.... democracy is force and you cant force people to love..... love is free.... free like a private owner and a private consumer making a transaction they both agree on without force... capitalism...
kemohere (22 days ago)
So easy to do research but cant find webster's definition of capitalism.
Rajendra Bist (23 days ago)
The talk should be titled Socialist propoganda.
She called communist china state owned capitalism she seems very nice but just a little misinformed not trying to be mean
Lukas van Ginneken (1 month ago)
What a chaotic incoherent ramble.
Greg Savacool (1 month ago)
I was born either too early or too late.
Steve Ryan (1 month ago)
Wait a minute. Did she blame the free market for the great depression at the seven minute mark?
Nacherel Jesus (2 months ago)
Capitalism is Supply and Demand. Simple.
Im Qith (2 months ago)
As a swede I'm ashamed of this communist
Mac Hack (2 months ago)
democracy and capitalism go hand in hand. when you bring regulating stuff thats when corruption happens and people bend rules to their benefit creating huge gaps financially. people should understand that!
MrSplodgeySplodge (28 days ago)
corruption occurs wherever there is power, regulation or not look at the capitalist work structure. Does it look democratic to you? It's at best oligarchical. Your boss is basically your dictator for the time you're in the workplace
Neil Pugmire (3 months ago)
VRQwerty (3 months ago)
When a woman opens her mouth about Capitalism, that's when I stop listen.
MrSplodgeySplodge (28 days ago)
that's your own loss
Michael Starkey (3 months ago)
Capitalism IS democracy. Every day man votes for what he wants with dollars. The winners get the most dollars. It is voluntary.
JCLeSinge (3 months ago)
"Capitalism is more powerful than democracy..." Well, we call it "Capitalist Democracy", not "Democratic Capitalism". The priority is right there in the name.
Brick li (3 months ago)
she didnot talk why oil crisis came in 1976
Wis Sa (3 months ago)
"not owned in private hands", China has privately owned companies and more than one stock exchange. It's too hard to listen to you anymore when you get such a basic fundamental fact wrong. How do you explain Jack ma's net worth of $40B+ and Ma Huateng net worth of $50B+. it's just a more centralized capitalistic economy with no regard for international intellectual property laws. your home country Sweden is the example you should've picked, state owned national companies in many industries including mining etc. but Sweden is a special case and it's economic growth is ridiculously not nearly close to China's.
Diogenes Laertius (4 months ago)
capitalism=a vehicle that allows psychopaths to rise to power and enslave the population...communism. capitalism is pre communism. Communism IS capitalism. D+R are there to divide us. The choice is socialism or capitalism. There is no other choice. You use kryptonite to kill superman...socialism is kryptonite to capitalism. If you dont think capitalism isnt communism incognito, look where the US is headed. A communist country brought on by unfettered capitalists.
Greg McKenzie (5 months ago)
A good analysis of capitalism.
Russian Bot (5 months ago)
This speech is the result of love triangle of bias, ignorance and arrogance. What a mess. “Right?”
Bimal Mishra (6 months ago)
Again she is lying. The debt crisis in US was caused by US Govt institutions.
Bimal Mishra (6 months ago)
She is lying. In China profit is in private hands. and CAPITALISM IS the ability of the citizen to sell goods and services in the same market the citizen buys goods and services.
J Merlo (6 months ago)
Very well explained. Can´t do much better in 15 minutes, considering that it takes half a term to cover capitalism at Law School.
shadowdance4666 (6 months ago)
After certain factions within the US government were allowed to assassinate Kennedy in a violent coup; Johnson was installed which led to Nixon who “temporarily” halted the GOLD STANDARD in place of oil and the the convenient “oil crisis” which eventually led to Ronald Reagan/Bush era and the 80’s. Then the rise & fall of the neo liberals of Clinton/Obomber. This then morphed into forcing Biff Tannen down our throats. Now we have tyrannical corporate capitalism of America. Congratulations
GoodFrame (6 months ago)
"Damn that's a long intro" Video ends "...oh..." This speech felt very influenced and simplistic, not what I am used to with ted talks.
desertrose0601 (7 months ago)
Is it just me or can she not follow a train of thought?
Hardik Muley (7 months ago)
Owners of big corporations earn money by people's hard work and by virtue of their ownership of resources and means of production. If companies are state owned there can be workers'democracy, consumers' democracy and the profit will be used for social welfare like infrastructural development, education, health care, security, justice, environmental and wildlife protection etc. which capitalism has no answer for.
Jarrod (7 months ago)
This woman is way wrong. We haven't had true capitalism in hundreds of years. The crash of 1929 wasn't unfettered capitalism, it was the FED "experimenting" with the money supply. The banks in the 90's weren't deregulated to cause the financial issues in the 2000's, The banks were deregulated *AND* insured by the government against failure. Bad loan? Freddie or fannie to the rescue! Banks loaned to people not because they could, but because the loans were insured by the -government- taxpayers, thus removing the financial risk to the bank. When there's no risk, the bank can and will lend to anybody. When they can't pay all that paper back, it come crumbling down. And of course our gov't bails out those who caused the problem and made the most money from it. She needs to do some more research before she goes spreading age old debunked myths.
Overlord277 (7 months ago)
She needs to read about The Road to Serfdom.
Maverick Scepurek (7 months ago)
In 1969, the Cuban Missile CRISIS happened
Shammo Hamid (8 months ago)
Right off the bat, she made a mistake. Capitalism is not simply production for profit. State capitalism is just a fancy word for communism. China is a communist state with some degree of capitalism since there is some level of personal ownership and choice. Hong Kong is a good example of a capitalist state. But of course, no state/country is "pure" capitalist/socialist. Even America has a bunch of state owned and state run programs. Capitalism by definition, is private ownership and control of the means of production for profit. If the state is doing it, it's most definitely not capitalism. Typical marxist arguments.
Stella Maris (8 months ago)
Capitalism is an economic system and an ideology based on private ownership of the means of production and their operation for profit. Characteristics central to capitalism include private property, capital accumulation, wage labor, voluntary exchange, a price system and competitive markets. In a capitalist market economy, decision-making and investment are determined by the owners of the factors of production in financial and capital markets, whereas prices and the distribution of goods are mainly determined by competition in the market. Economists, political economists, sociologists, and historians have adopted different perspectives in their analyses of capitalism and have recognized various forms of it in practice. These include laissez-faire or free market capitalism, welfare capitalism and state capitalism. Different forms of capitalism feature varying degrees of free markets, public ownership, obstacles to free competition and state-sanctioned social policies. The degree of competition in markets, the role of intervention and regulation and the scope of state ownership vary across different models of capitalism. The extent to which different markets are free, as well as the rules defining private property, are matters of politics and policy. Most existing capitalist economies are mixed economies, which combine elements of free markets with state intervention and in some cases economic planning. Market economies have existed under many forms of government, in many different times, places and cultures. However, the birth of modern capitalist societies (marked by a universalization of money-based social relations, a consistently large and system-wide class of workers who must work for wages, and an ultra rich elite capitalist class which dominates the control of wealth and political power) occurred in Western Europe, in a process that led to the Industrial Revolution. Such capitalist systems, with varying degrees of direct government intervention, have since become dominant in the Western world, and continue to spread. Capitalism has been criticized for establishing power in the hands of a minority capitalist class that exists through the exploitation of a working class majority; for prioritizing profit over social good, natural resources and the environment; and for being an engine of inequality and economic instabilities. Supporters argue that it provides better products through competition, creates strong economic growth, yields productivity and prosperity that greatly benefits society, as well as being the most efficient system known for allocation of resources.
Alex Marshall (8 months ago)
Are all Chinese companies really owned by the state? So How come there are millionaires over there?
John Callaghan (9 months ago)
There needs to be a differentiation of capitalism. We are in urgent need to divide capitalism and divide two types of currencies.
The Nigerian Conservative (10 months ago)
Someone please educate this lady
Whatever (10 months ago)
billy bones (10 months ago)
Too narrow of a view for me.
todd joseph (11 months ago)
What's the difference between so-called Capitalism and Communism. The answer is nothing. Both will end the same, with a few with everything and the vast majority with nothing.
Jimmy Moody (11 months ago)
Superb explanation.
SociallyTriggered (11 months ago)
Wow..what a bunch of BS. She really doesn't understand how capitalism works or even how a market works. And she didn't understand the reasons behind the financial crisis. If you have read Marx you would think her summary of capitalism to be very accurate. According to Marx businesses primary function is to increase profit and the way they do this is through exploiting their workers (i.e. paying their workers less and forcing them to work longer hours). Anyone who has ever had a job knows this is total BS. Generally, what really happens is companies develop systems to become more efficient and pay more for talent in order to get the best talent. Thus you will see your pay go up over time rather than down. It is a quality of worker verses quantity thing. Profits are not only increased this way. Most companies will increase profits by expanding their offering and by entering new markets. So companies will offer more services/products or find new markets to sell their current products or both. Obviously getting a journalist to explain business you'll end up with a Marxist slant of the virtues of capitalism. TEDx has lost its way.
Michael Pesin (11 months ago)
Sweden increased privitazation because they were in an economical depression in the 90's. The assumption that a government can provide good service is wrong. Every social service that the government supplies in increasing it's debt, destroying the economy. That's why privatazation started. To fix what governments were ruinning. You should read "The Constitution of Liberty" - What Margaret Thatcher presented when she saved the british economy.
Jack Law (11 months ago)
Jesus... I waited to see if she would explain in an intelligent manner capitalism. 15 minutes of a socialist trying to explain how is capitalism by GRAMSCI, distorting the reality. She wasn't even able to understand the subject of her OWN studies. "companies are the problem". Really Sweeden blond? CREATE ONE FIRST! Profit is the problem? Then try to create the new iPhone without P&D department! GROW UP! "The new crisis" --> she talks like there was only half a dozen crisis in the past. She also contradicted herself when talking about "types of capitalism". This was a waist of time. "loan for a house is a problem" --> PEOPLE DIDNT EVEN HAVE HOUSES BEFORE GENIUS, CAPITALISM BROUGHT HOUSES! "mcdonalds can buy a school put the money in cayman and go bankrupt" auhauhauhuahuah ohhhh maaannnn
Lee Shaw (11 months ago)
This is such a good talk, I keep coming back to it to remind myself of what the world really is that we're living through these days
Ricer84 D (11 months ago)
I'm not buying it.
Solan K (1 year ago)
Where can I read about these capitalists that helped found the EU?
Ross Milburn (1 year ago)
Kajsa Ekman asked several key questions that made her contribution intelligent and helpful. She differentiated “Capitalism,” which is driven by return on investment (ROI), from “the market,” which tends to be local (e.g. farmers taking products to customers, as she said), and is driven by human need plus the passion that we all have to be useful, to make things and to serve others. What she omitted was that it is the state (equals politicians who are in bed with the rich) that has corrupted capitalism by creating corporations with limited liability and privilege, plus patents and copyright, which are based on state force that has no place in a free market, plus hundreds of other laws that make the rich richer and the poor poorer. Lastly, Ekman criticised democracy, which has become a racket. The ballot box gives citizens no power, but places “sovereign” or absolute power, in the hands of politicians who are always corrupt. We need to set citizens free, decentralise all power, and make possible the re-emergence of healthy families and local communities again. The simple fact is that the free market is the natural relationship between ordinary people, and it works. But the market cannot work if corrupt politicians strangle it with laws made to divert resources into their back pockets.
Twenty Faces (1 year ago)
Lol this is just stupid.
FINALLY, SOMEONE THAT GETS IT. But one thing she got wrong: It is Capitalism (alone) to blame, because USA and west Europe all got into pure Capitalism (privatize everything) and capitalism alone is what created this mess. Same way, using her example, gravity will always bring planes down unless there is another force to fight against gravity, and in economies that would be Socialism, worker unions, regulations, to stop Capitalism make the damage that it WILL do if left alone and unregulated.
Mauricio F (1 year ago)
What a pile of bullshit! It's a complete ignorant talking about something that she doesn't even understand. Sad.
Mauricio F (1 year ago)
What a pile of bullshit! It's a complete ignorant talking about something that she doesn't even understand. Sad.
kichigaisensei (1 year ago)
Humans are too stupid for democracy. It's a failed system. Why? Because people are more interested in their favorite sports team than in politics. The US has $20T in debt. This number ought to be on the tip of the tongue of every American (and possibly everyone in the Western world). But, the average American has NO IDEA. None. And, in fact, they DO NOT CARE. Yet, this debt is driving the devaluation of our currency...something everyone should care about. It's ultimately driving a reduction in our standard of living. If we actually gave a rip about being serious stewards of a democratic society, neither Donald Trump or Hillary Clinton would be serious candidates for president.
Playonstereo (1 year ago)
7:00 - Wrong! The truth is: having central bank = having economic cycle and crisis!
todd dyer (1 year ago)
Capital is money, money is a product created by banking, banking system expands out creates more money. Capitalism is an economic system ruled and ran by banking. Why because they are the source of capital..
Es roy (1 year ago)
Superb Talk!!!! But Why did she literally ran from the stage after finishing the talk??? Also was it only me who thinks she looks lot like Nicole Aniston??
Sean Ryno (1 year ago)
Democracy is immoral. What did she mean by "One thing that can't be democratic is love, unfortunately". Unfortunately? Really? How is it unfortunate that gang rape(being democratic) isn't acceptable? Fucking commies.
BigMathis (1 year ago)
She doesn't have any idea what she's talking about
Devon Little (1 year ago)
I just lost IQ points.
Jimmy Lundberg (1 year ago)
Will the system regulate itself? NO! the fact that unlimited growth on a planet with finite resources is not possible does nothing to penetrate the corrupt mind of someone infected by greed,they, actually belive in their own omnipotence. However!,the earth/nature will soon step in to broadcast the most epic episode of Celebrity Apprentice in all of history...and the verdict to mankind in the end of that episode will be..YOU`RE FIRED!
Sttupar (1 year ago)
She is so thicc holy fuk
this girl does not even know what she is talking about. #FuckCommunism #Marxwasnotaneconomist #longlifetocapitalism
UnboxViews (1 year ago)
Bitch wanted to find democracy in the bathroom, lol dont waste your time watching this shit
SirLevi (1 year ago)
As an economics student in Sweden, I cringe at some of the errors she makes. She's a cultural journalist, by the way, not an economist.
Bethany Hunt (1 year ago)
The lack of crisis post WWII was because GOVERNMENT stepped in and controlled the capitalist economy - not because capitalism doesn't have a problem with instability! Ekman's definition of capitalism is a little narrow, too. You can have businesses owned privately and aiming for profit but that aren't capitalistic - they are worker-owned co-ops. The crux of capitalism is the RELATIONSHIPS within the enterprises. She touches on this when she talks about the lack of democracy in capitalism, but doesn't take it to its conclusion: that the alternative to capitalism is workplace democracy - every worker owning and controlling the enterprise.
Nazret Net (1 year ago)
You said "Everybody talks about capitalism", the simple answer is that there are no media or scholars who think outside the box . Do you think, you or the media can compare and contrast what democracy is?If "Democracy" intheory is election by the people and service to the electriot (people). In USA and other western countries, election is done by the people BUT service is given to party donner corporations. That is your bloody CAPITALISM
TimeWarp66 (1 year ago)
I recommend people read "Capitalism the Unknown Ideal" by Ayn Rand. The best description and defense of capitalism ever written. Really shaped my thinking.
Atanacio Luna (1 year ago)
She's as beautiful as smart, but there is something missing; the best democracy is the market, the alternative is removing control to some group or committee. The greater the distance between servant and customer the less the efficiency. What we need is a way to keep the efficiency of markets, and direction toward greater goals. Capitalism can be a tool to get us there, it is what makes markets potent. The next step is to guide its goals.
Antonio Carlos (1 year ago)
I am not into conspiracy theories... To say that financial companies took advantage of low wage salary people to "invent" loans to the poor as a strategy is ludicrous. Next time, she should bring charts and have a talk that is fact checked.
Teri Kay (1 year ago)
They were privatized unfortunately because the state couldn't run them efficiently
Mick Schmick (1 year ago)
Capitalism is the private ownership of property and the means of production. Nothing more, nothing less. It has no profit motive. The profit motive is inherent in the individual regardless of who owns property or the means of production.
1tonykirk (1 year ago)
BTW, we are a Constitutional Republic here in America. The word "democracy" does not appear anywhere in our Founding Documents. You are a fraud and have no business lecturing anybody on any thing.
1tonykirk (1 year ago)
You are committing a serious error. You are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM.
Rhyna Paprika (1 year ago)
Economics is a simple thing if understood properly. She has literally ZERO knowledge in basic economics. Marx isn't an economist to begin with. She is manipulating people with little knowledge, and the dangerous thing about her ideas, is that they reflect the ignorance of the population. How can she say that there was "no crisis" since WWII to 1973? How can she say that the Great Depression was a product of deregulation? How is possible that she failed to recognize the role of the government in creating those crisis? Why she didn't mention the fact that a Central Bank isn't inherent to Capitalism? How can she ignore that interest rates ( if free ) are just like any other price? She doesn't know what money, or prices are.
Sebastian Roy (4 months ago)
Hayek didn't won the nobel price, he won a Swedish National Bank's Prize in Economic Sciences in Memory of Alfred Nobel established in 1969 and it is not paid by Alfred Nobels fortune. As LSE educated student you should know that. Alfred Nobel would turn in his grave if he knew about that, he created the foundation to advance the benefit of mankind, because he felt guilty since his fortune came from dynamite, and then some economist set up a price with the name "nobel" in it to steal the credibility of the incredible advances of scientific laureates to use it for their own. Every company would sue for trademark infringement, but unfortunately Alfred Nobel hasn't thought about that in 1896.
Captain Mantastic (1 year ago)
+Rhyna Paprika There is no such thing as human nature only human behaviour which is influenced by the environments we grow up in. Quite wrong about trying to build a better world killing people. Capitalism has killed many, many people. Wars, poverty, starvation, job losses which can lead to suicides, homelessness. Not one country has capitalism eraticated all those traits. Capitalism has failed. You do realise that America has socialism mixed into its economy as does Britain, Sweden, Denmark, Finland. In fact, the more socialist a country is the happier the people are. Try going out into the real world instead of reading bullshit theories. You will see that capitalism doesn't work.
Rhyna Paprika (1 year ago)
+Captain Mantastic Well, then you are talking about a utopian theory that will never exist since it contradicts human nature. BUT the attempts to make those theories into practice have killed millions of people. Call it what you want, but failed communism attempts have been atrociously genocidal. I really doubt if you are serious, it seems to me that you don't have clue about economics. I will ask you a few simple questions. Are you aware that capitalism ceased to be pure when Keynes proposed the idea of state intervention in the economy? Do you understand the role of the Federal Reserve System in creating crisis and therefore poverty? Do you understand that poverty has been rising not decreasing since Keynesian ideas arrived in the political spectrum? Do you realize that income inequality has been on the rise thanks to interventionism in the profit-loss system basic for capitalism? The market works because it's nothing more than the combination of the preferences of all the consumer population. No one can fix a price ( other than the government ), no company has ever had a monopoly without government help. No bank has been able to survive the stupidity and greedy mind of it's executives without a government bailout. A big government is the problem because they are the only ones that can give special favors and impose arbitrary rules to stop competing firms. In capitalism a bad management makes a company go bankrupt. Losses are as important as profits. The problem is that Keynesian policies try to make everybody win, they cannot conceive a recession even if it's natural for markets to liquidate malinvestments. The market signals that a project is a waste of money but politicians keep trowing money. Nowadays we have countries with a greater degree of capitalism, and very few true to capitalist principles. But, if something is true is that a freer an economy is, the must prosperous the country is. You have less poverty in the US than any socialist country. Sweden and Switzerland the freest economies in Europe, are more prosperous than any socialist or mercantilist country.
Captain Mantastic (1 year ago)
+Rhyna Paprika I very much doubt that. Besides communism has actually never been tried. What you call communism is actually state capitalism. And if capitalism is so great then why are people resorting to food banks? Why are they're people who are homeless starving in the streets? Why are there tent cities in America and the uk? Capitalism doesn't work. Friedman and the others were nothing but con men.
Rhyna Paprika (1 year ago)
+Captain Mantastic I'm sorry to see that you're an idiot. I lived in a communist country were the government starved to death my whole family and millions of people. When the regime failed I moved to England were I had the opportunity to study my masters degree in the London School of Economics and later on finishing my PhD in Princeton, so yeah, I read a lot of propaganda... Hayek hasn't been debunked. His theory of marginal interest rates is the only theory capable of explaining economic boom and busts. Keynes failed, and now we are having the hangover. And if you insist in discrediting Hayek, you must then read Ludwig Von Mises, Schumpeter, or even Friedman
Rhyna Paprika (1 year ago)
Wow, so many wrong facts. Money has been in humanity before "health" , "school" , "security" ,and government itself. She is so ignorant. "Banks could set the interest they want." She ignores the market concept and has a very stupid misconception of the way prices work.
Nickoli Lion (1 year ago)
A plan for capitalism? No. Capitalism is about riding the currents of the river. Not trying to control where the river flows.
J Merlo (1 year ago)
Who will solve it?...  The people will.  Unfortunately it will only happen after a great suffering that causes people to wake up.
TimmacTR (1 year ago)
This is not capitalism, this is neoliberalism, which is actually the opposite of capitalism: social democracy, which gives liberalism to the owners of the democracy and their puppets (politicians) and gives communism to the rest of the people (high taxes)
1tonykirk (1 year ago)
Many are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM.
CapitalistManifesto (1 year ago)
She is being very manipulative, especially to those less educated about economics. She has failed to define, incorrectly defined, or misidentified socialism, fascism, democracy, republics, capitalism, neo-libertarianism, globalism, nationalism, etc... This talk was complete garbage, but at least I got to check out a decent butter face body.
Learning Super (8 months ago)
manipulative? do you even know her?
Tesla Death Ray (9 months ago)
She correctly identified capitalist enterprises as totalitarian.
1tonykirk (1 year ago)
Many are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM.
moist faucet (1 year ago)
The only thing i know about capitalism is, I am buying all these products i don't need and later throw it to garbage can. That's it.
moist faucet (1 month ago)
our Ancient Civilization was based on Capitalism, none of them survive.
FiT PT (1 year ago)
The demand for more is the catalyst that dives the economy. If the rich did not seek ever more luxury the middle class would cease to exist and downgrade into the working class. If the middle class did not seek more stuff than the working class would have no demand for their cheap labor and downgrade into poverty. If not for the excess demand to effectuate excess labor there would be no excess wealth to redistribute (redistribute in many legal means as per demand for third world natural resources and third world cheap labor as well as volitional charity as opposed to illegal socialist programs implemented via state force) to the poor and third world. Capitalism as the absence of force over trade between individuals and the single most beneficial and fortuitous emergence in all history. My post at the top of the page proves that government force injected into the non linear multi factorial incalculably complex system that defines that market = the reign of well established feed backs are corrupted and wealth is thus lost not gained and poverty is expanded not contracted.
moist faucet (1 year ago)
+whorepet​​​ yeah. exactly, this is not assumption, the more is better. u live just to buy. thats it. look at all capitalist products, coca cola and fast food. enjoy the diabetic and heart diseases. when u buy, do u really need it ? or just because outside desire factor ? the ad.
whorepet (1 year ago)
Yeah and you're in the position to make assumptions about every other human around you? And this simply doesn't dismiss what I said. If you don't want to buy stuff just don't buy it. If you got 20 pairs of shoes in your home you wanted it. At least don't complain about it
moist faucet (1 year ago)
+whorepet Really ? how many shoes u got in ur home ? check all your stuff at home. i bet after u buy and u just put it on your home. whorepet
Marcin Widz (1 year ago)
I like the way she pronounces 'money'. Say 'money' again, say 'Mmmmmmmmoney'
Gianluca Roccolano (1 year ago)
she's a very nice-looking commie . she needs a good ramming doggy style to get that nonsense out of her head
MF (1 year ago)
more additional comment: from 1945 to 1973 you said there was no crisis, there were profits. Do you think this was no money-product-money? Off course yes! Do you think there was a lot of democracy according with your democracy concept? Off course not! Do you think there was as much government intervention as today? No!!! Do you think there was such thing as a human rights in the concept you think gotta be? No!! Keep things simple: more government intervention means MORE debit, US debit is over 110% versus GDP. MORE government intervention, and more of your democratic interventions means more poverty as you can see in US and rest of the world. Inflation is caused but such "more printing money" in order to share more democracy. Democracy means intervention to the individual rights. Do we have to vote? Yes, just for public things but personal, My goals are not your business.
Rhyna Paprika (1 year ago)
Video Wizard That's exactly a free market. Free markets have always existed. It's human nature to trade with a set of rules. The success of a country depends of freedom it has. Social AND Economic freedom.
Video Wizard (1 year ago)
Free markets will never exist. We don't need more government interference, we need more people participation.
MF (1 year ago)
The answer to your question at the end of the show is pretty simple. The nature, the liberty as it was shown in your own country I the 1800's. No the force, nor coercion, nor compulsion, all of them actually present in all the life's of hundred of persons including the States. The absence of these is what human needs to make wealth (no money, money is the mean to transfer wealth from one hand to other), and voluntary cooperation. Are you in favor of coercion, force, or compulsion? If so, you are no in favor of liberty, you are not in favor of capitalism, you are in favor or dictator.
1tonykirk (1 year ago)
Many are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM.
Rhyna Paprika (1 year ago)
Video Wizard Are you stupid? The most capitalist countries in the World are the most solid democracies and Republics.
Video Wizard (1 year ago)
Capitalism is a system that creates dictators and slaves - far from freedom, unless you are a dictator, I mean business owner.
MF (1 year ago)
I am afraid but surprised she is saying crises, poverty, etc., are made in capitalism system. There is no country in the world that is laissez faire capitalist. Capital is being used in communism and fascist countries as well as German nazi. Who is using such capital? Individuals or some the government? This is the question. There are only two Systems, government interference and no government interference. Capitalism starts with individual rights: the life, so you have to be able to do whatever to sustain your life. The limits are no use of force, no coercion and no compulsion. The right for the individual started in the capitalism system, it is the only system that protects the rights of individuals. Socialism is not. What is your moral code to invade any individual life? Capitalism offers voluntary cooperation, that is why free market is parts of capitalism. And so on..
1tonykirk (1 year ago)
Many are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM. BTW. See:[ The Act of 1871 Article by Lisa Giuliani ] here on YT. American Common Law (Natural Law/Law of the Land) was supplanted with Roman Canon Law (Maritime Admiralty Law/Law of the Seas) a long time ago.
hello , me and some friends are very interested in this Video , we have translated it into arabic , and it would be great if we had permission to upload it on our youtube channel (a social democracy channel ) with arabic subtitles , can you please let me know how to contact you
France J (1 year ago)
Try her fb page
Augur Cybernaut (1 year ago)
Hottie but she claims oil crisis as the marker for the start of the boom bust cycles-- try fiat money.
Sergio Díaz Nila (2 years ago)
I suggest people to read DEBT: The first 5000 years, is an awesome book by David Graeber talking about economy and a history of money in a broader context of its implications to the life of people in a society, family and freedom. And the myth of barter, there is no evidence of any kind that suggest a pure barter economy in any part of the world, until a modern economy based on paper money collapsed like the soviet one in the 90s.
Luis Alberto Bautista (2 years ago)
Long live to Marx, Engels, Lenin & Rosa Luxemburg!
gabriel fuentes (1 year ago)
Great, I actually just started reading it, thanks! ;)
Sergio Díaz Nila (1 year ago)
+gabriel fuentes I read that in the book DEBT: The First 5000 years by Anthropologist and London School of Economics professor David Graeber, read the book, i'm sure you can find a pdf for free but also you can buy it from Amazon. There are the references to the authors about the topic.
gabriel fuentes (1 year ago)
You mentioned that Adam Smith picked up the concept of free markets from Islamic writers... I would appreciate it if you could share some of those writers, thanks! ;)
Mike Mitchell (1 year ago)
+gabriel fuentes islamic writers?
Mike Mitchell (1 year ago)
+Sergio Díaz Nila "Only an arrogant amateur like you will think logic is perfect." pot n kettle bro, you think "science" is perfect and that math can be applied to economics to deduce theory and laws. If you truly understood math as you claim, you would also understand its limitations. And even worse, you think a methodology not appropriate for studying the science of economics is perfect. Its like... double the retard for the price of one. so... you are saying that with math, you can prove god exists and that the bible has a code, and then you scoff at your own argument? how exactly is that detrimental argument that praxeology is the correct methodology for studying econ? Pretty incoherent examples. "I will give you an example with your favourite example, if you try to use the pythagorean theorem with non-right triangles well, it will give you a wrong results." LMAOO... dude, you just strengthened my argument and weakened yours with that. You are exactly right there, if you find the theorem not working, its because you dont actually have a right triangle. Likewise, if you find the market "not working", its because you don't have a free one - some government intervention is screwing it up. "so they and we in computer science we have to use inductive methods to reduce the cost of exploring the entire state space for some logical system." and thats great....for computer science....not for understanding the science of human action, or its best developed subset - economics.
Luis Alberto Bautista (2 years ago)
proletarians of all the World, unite! capitalism will must sink in his own sea of blood and injustices!
DrCruel (10 days ago)
Socialists are exclusionary capitalists. They want only a small socialist faction, as the hereditary ruling elite, to have the exclusive right to own and control capital.
1tonykirk (1 year ago)
You are committing a serious error. You are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM. BTW. See:[ The Act of 1871 Article by Lisa Giuliani ] here on YT. American Common Law (Natural Law/Law of the Land) was supplanted with Roman Canon Law (Maritime Admiralty Law/Law of the Seas) a long time ago.
kenech4568 (2 years ago)
enjoy capitalism
Dent (2 years ago)
I think I'm in love.
Gavin Edward (2 years ago)
Saying "Capitalism doesn't always lead to crisis" and comparing it to "Gravity doesn't always make planes crash" is absolutely ludicrous. Capitalism is NOT a natural phenomena like Gravity. Capitalism is a man made system, set up to institute the exploitation of one class over another. The reality is Capitalism DOES lead to crisis, and the numerous workers uprisings between the 50's and 70's are proof of this.
Nacherel Jesus (2 months ago)
Capitalism is the natural Laws of Supply and Demand...
Rhyna Paprika (1 year ago)
hdajhdajh jhasa Socialism is just a huge government bureaucracy that tries ( and fails ) to plan the lives of thousands, millions of people. Communism is just a clueless Utopia with no empirical or historical arguments.
hdajhdajh jhasa (1 year ago)
Yes, you're right. Capitalism is a system for men to control over other men. Communism and socialism is the other way around.
Captain Mantastic (2 years ago)
No such thing as free choice. You are only free as your purchase power allows you to be. In other words a rich person has way more choices than a poor person. That's capitalism.
Joshua Young (1 year ago)
So what's the alternative? Everyone bankrupt through socialism? 100s of millions dead through communism?
Captain Mantastic (1 year ago)
1tonykirk Capitalism is fascism.
1tonykirk (1 year ago)
You are committing a serious error. You are confusing Fascism with Capitalism. Corporate Commodity Monopolies in the hands of a few Oligarchs are a Plutocracy. The top 12 Corporations are owned by "the Committee of 300" (Dr John Coleman's lecture on his 1994 book is here on YT), own or control all the others of the Fortune 500. Monopolies are Tyrannical. Capitalism is FREEDOM.
Captain Mantastic (1 year ago)
hdajhdajh jhasa btw you're blocked.
Captain Mantastic (1 year ago)
hdajhdajh jhasa Utter crap. It's capitalism.
Niall (2 years ago)
She's pretty, let's see if smart too
Hannah Ahn (2 years ago)
I came here for information because I'm writing a speech on capitalism and honestly I think the comments are more helpful than the video...
cannabased (2 years ago)
How so?
Clayton Riisoe (2 years ago)
She does not understand capitalism. All the problems she describes comes from the bastardization of capitalism from government and corporations using the power of the state to privelege themselves. I hear no alternative to capitalism.. And you know why? Because there is no better system to allocate resources to as many people as possible in a moral way. Anything other than capitalism is theft.
Fernando Bastos (2 years ago)
+Bigdawgphilleep well... if you are going to put slavery in the matter we might as well consider that it was capitalism that ended it, with a new way of thinking economics that slavers simply didn't thought was possible. Tell me more about Proudon...
cannabased (2 years ago)
+Fernando Bastos So? Slave owning, pro-capitalist's spearhead the American Revolution. Besides, it's not as if there weren't anti-capitalist's, like Proudon, on the anti-monarchical left, of the French Revolution, too.
Fernando Bastos (2 years ago)
+Bigdawgphilleep you can say "historicaly" as many times as you want but it won't change the fact that the French Revolution was brought to us by capitalists.
cannabased (2 years ago)
Capitalism is based on state privilege, historically the two are inseparable.

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