The Dirty Secret of Capitalism

[Revoltingest]

It's a way of saying that if you wanted evidence, you could have found it yourself at any time with just a few clicks of a button.

You're making the claim.
You're the super genius (you say).
So I won't do your homework for you.

 

[Audie]

Please excuse me....I was triggered by the thought of
a nobile reptile sullied by comparison to a lesser creature.

oh um yaeh, I did start it didnt I? Wet noodle lashing is in order.

 

[Revoltingest]

oh um yaeh, I did start it didnt I? Wet noodle lashing is in order.

Noodles....your people are all about noodles.

 

[Audie]

Noodles....your people are all about noodles.

Rats. I find myself stricken with the spirit of the escalator.

 

[Revoltingest]

Rats. I find myself stricken with the spirit of the escalator.

And now I want noodles.

 

[Audie]

And now I want noodles.

Come on over, no way I am getting any sleep tonight anyway

 

[Revoltingest]

Come on over, no way I am getting any sleep tonight anyway

I'll bring dried noodles.

 

[Audie]

I'll bring dried noodles.

Do not bring honourable Amelican dish known as "chow mein"
noodles.

 

[Revoltingest]

Do not bring honourable Amelican dish known as "chow mein"
noodles.

As long as you don't try to put Chef Boyardee on the noodles.

 

[Audie]

As long as you don't try to put Chef Boyardee on the noodles.

ha, I remember my horror at honourable american dish of noodles
with balls of meat and tomatoes

 

[Revoltingest]

ha, I remember my horror at honourable american dish of noodles
with balls of meat and tomatoes

If done properly, spaghetti with meatballs can be wonderful.

 

[Audie]

If done properly, spaghetti with meatballs can be wonderful.

But what a weird combination.

 

[Revoltingest]

But what a weird combination.

 

[Audie]

Should not do that to someone who has been awake all night

 

[Revoltingest]

Should not do that to someone who has been awake all night

Gives you the munchies?

 

[Wandering Monk]

The gap between rich and poor has been growing.

In places yes. In the global aggregate, no

 

[Wandering Monk]

'The chart shows estimates of the distribution of annual income among all world citizens over the last two centuries.

To make incomes comparable across countries and time, daily incomes are measured in international-$ — a hypothetical currency that would buy a comparable amount of goods and services that a U.S. dollar would buy in the United States in 2011 (for a more detailed explanation, see here).

The distribution of incomes is shown at 3 points in time:

• In 1800, few countries had achieved economic growth. The chart shows that the majority of the world lived in poverty with an income similar to the poorest countries today. Our entry on global extreme poverty shows that at the beginning of the 19th century the huge majority—more than 80%—of the world lived in material conditions that we would refer to as extreme poverty today.
• In the year 1975, 175 years later, the world had changed—it had become very unequal. The world income distribution was ‘bimodal’, with the two-humped shape of a camel: one hump below the international poverty line and a second hump at considerably higher incomes. The world had divided into a poor, developing world and a developed world that was more than 10-times richer.
• Over the following 4 decades the world income distribution has again changed dramatically. There has been a convergence in incomes: in many poorer countries, especially in South-East Asia, incomes have grown faster than they have in rich countries. Whilst enormous income differences remain, the world no longer neatly divides into the two groups of ‘developed’ and ‘developing’ countries. We have moved from a two-hump to a one-hump world. And at the same time, the distribution has also shifted to the right—the incomes of many of the world’s poorest citizens have increased and extreme poverty has fallen faster than ever before in human history.

 

[Audie]

Gives you the munchies?

No just stinging eyes and kind of a headache

 

[Thief]

Monsanto got started making agent Orange
and Bayer has bought them out

hmmmmmm

the company that started out killing green stuff
turns to gmo to render soy beans immune
patents corn seed and sues farmers
is now owned by aspirin makers

oh oh

 

[Straw Dog]

Insightful video. Thanks for sharing.

Yes, unregulated capitalism is unsustainable in the long term. It can only have two possible outcomes: 1) crony capitalism in which the big business class and the political class are in cahoots to maximize profits for themselves at the expense of the public good, or 2) socialist revolution in which a disillusioned and impoverished majority revolt, rebel, and overthrow the oligarchy, possibly with some reactive ideals that also do not serve the public good in the long term.

Libertarianism is kind of like communism in its close-minded optimism about its own dogmatic righteousness. Some libertarians are more practical than others, but there’s a good reason why no country in the history of humanity has fully adopted laissez-faire capitalism. It lacks long-term sustainability, just like communism. Eventually, they both negate democracy and the social balance of power.