Fine ideas all. FME already went of existence over a century ago. When did we (any we) get a free market economy? We had some 150 years ago but rarely since. Any industry with governmental influence (taxes, fees, regulations, tariffs) by definition is not an FME. I asked a friend who is an economist and he verified we have no true FME today. The closest is New Zealand with a 80.6% freedom index. A leading American dictionary says this: "The United States no longer has a free market system. Instead, the United States now has a managed economy-- by definition, a nonmarket economy since it doesn't exist solely on supply and demand [source: Merriam-Webster]." One very basic human function explains this. There are literally 22 different taxes involved in buying a roll of toilet paper in the US from the planting of the original trees, producing pulp and paper, pollution, unemployment tax, social security tax, income tax, property tax, transporting everything along the way, delivery to stores, to the sales tax on the retail purchase.
Unfettered growth in living organisms is called cancer. It stands to reason that growth in economies, without constraints or consideration for the broader consequences, can similarly be described as laying the ground work for a societal malignancy.
1000 years ago, growth was a great way to expand social structures. Today, with 8 billion people, it is time to ban growth from ideological beliefs. We would have a different situation if our home, the earth, would grow with our population.
You’re right that’s called the Malthusian trap. The beauty of the Malthusian trap was that there was no sustained economic Growth on planet earth BECAUSE every time growth created more population, starvation ensued and global population declined. Food was the literal limiting factor-constraint of humanity before capitalism. Starting in the 18th or 19th century this all began to fade away as market economies took over from feudalism-mercantilism.
You misunderstand what growth means in economics. It doesn't mean getting bigger, it means a constant process of movement and discovery. Without growth the system collapses.
Hi Mary Jane - I am a stroke survivor who takes six pills daily. These pills " manage " my condition but they don't heal anything. They mask the reality .. but that's how the system works. In a highly diminished way I still function. That's all that matters.
Oh yes, instead of healing, primarily symptoms are treated. Alternatives are often not covered by health insurance and are therefore simply not feasible for doctors without co-payment. Knee operations and dental implants are the most popular in Germany. Here, unfortunately, it is mostly a matter of billability. I wish you all the best and hope for recovery for you ❤️
You raise some excellent points as always. Economics, as a discipline, kind of grew out of philosophy but then got taken over by an obsession with mathematical modeling. These models led people to believe that it was possible to plan and control economic systems from the top through government - either through central planning or extensive regulation. Hence the 20th century. The latest thinking is captured in the ideas of behavioral economics. The Wikipedia entry does a good job of explaining it. The newer thinking is that if you want to change the macroeconomic environment you have to change the behavior of individuals. There are many ways to do that - advertising, communication, education, legislation, etc. - but one of the newer ideas is called nudge theory. Wikipedia does a good job of describing that as well. Check it out. An interesting implication of this is that recent changes in the way people receive the information that provides these nudges to their behavior has changed dramatically with social media. The theory also posits both consumers AND producers can be influenced in this way. It is an interesting idea. We know that laws like prohibitions on things like narcotics don’t work. You would have to change the behavior of both the user and the supplier to change the market. Another great video. Thank You for sharing your thoughts.
The obsession of economics with mathematical modelling is something I've started noticing lately. I hope to better understand it and make a video about it in the future. A lot to learn!
@@a.a.9686 The two are related though. The macro environment is just the aggregate of all the micro behaviors of the individuals. Just as the culture of a society is the aggregate of all the beliefs of the individuals. And it is very hard to influence these individual behaviors from above. This is the essence of nudge theory. Laws, regulations, policies, commandments, etc. can only go so far. Some people will respect them and comply with them, but some won't. The ruling class call this "corruption." "How do I get them to obey my laws?" Economics is simply the study of all this. And what the field has learned lately is that it is a lot more complex than previously believed. From a political standpoint, the old model that says "We will gain power and then change the policies and command obedience through laws" will only work to a point. You have to fundamentally transform the attitudes, beliefs, and behaviors of the market participants - and that is a LOT harder.
@@WhatashameMaryJane Econometrics is perhaps a place to start. And I was just looking at the wiki entry for Mathematical Economics. That would be a good starting point as well. Many good references cited.
It seems the fundamental issue underlying all of this is greed (on a corporate level = profit, personal level = value). And then the question becomes: how can we systematically reduce greed in the population? Cultivating gratitude, encouraging upcycling, recycling, sharing our resources are intuitive answers. But even some forms of generosity may contribute to the problem. Consider the notion of 'paying it forward,' it's a nice idea but probably further adds to the issue of excess consumption. I think we are shaped to be greedy by the ubiquity of advertising and other marketing strategies, and the ensuing network effects ('keeping up with the Joneses'). But to answer your question about potential solutions, I think the key lies in educating people about how and why they are influenced by these various forces. When I first learned about Marx & Engels Commodity Fetishism, Benjaminian Auras and Foucault's 'author function' in an anthropology course, it really opened my eyes. Obviously a different approach is required for different types people to help them lift the veil and see what is going on (which you so eloquently described in this video), but I really do believe that education is the answer. Considering your philosophy background, I would love to know what concepts/research/ideas have informed your views on this topic!
Education is always the answer. I love how you formulated your comment, starting from a human problem, greed, and suggesting to reduce it with simple acts of solidarity. I have the same exact view on society, although I often feel embarrassed to say it out loud in public, because I know I would be simplistically labelled as naive. But I really do believe in educating to solidarity as the most radical and effective solution to many big problems of our society. Thank you for writing this: you inspired me.
Things are not so simple as producing more to be competitive, it is about producing cheaper and more efficiently which is going to drive out businesses that consume more resources to build the same product or service. And let's not forget about the demand, the amounts that are produced are produced to meet the demand for those products, and the free market is the most efficient system of meeting that demand!
This video raises many valid and interesting points, to which governments are devoting very little energy. However I do not agree with the conclusions (although I would have to write tens of thousands of words to explain why). But just to take one (very important) issue - human nature . You cannot say "one should not have greed". The desire for more is inherent in our make-up (or in many citizens' makeup). A "solution" has to take this into account - channel greed into something positive. I have some ideas as to how to do this, but this is not the best place to present them.
Thank you. I would suggest that you study and understand how it is that the idea of a “free market “ came about in its current form. Then think again. Everything you said has great relevance to this debate. However, the “free market “ as it is today is the opposite of what Adam Smith postulated. Read the Wealth of Nations. Please.
I understand you are performing a thought experiment to illustrate your points. The limits of a thought experiment there are too many additional data or inflection points. For example lawsuits drive government to impose regulations on companies to demonstrate they are good politicians. This drives the company to seek ways to drive sales. This leads to lobbyists soliciting politicians for some rule change or some way to restrict market access. Did you ever read the staf belly sneetches bt Dr Seuss? This is exactly what you are trying to discuss.
YESSSS THANK YOU. I'm having arguments with my friends who want socialism and I keep trying to tell them capitalism isn't the problem... It's GREED. We need systems that BALANCE and restrict that greed. These folks want MORE wealth and to pass the wealth... that's imperialism....we need TRUE capitalism to balance these things outtttt
I disagree with two thirds of your reasoning, and the philosophical approach to the economic theory as well; nonetheless, I find it intriguing and challenging, thanks!
Ero partito prevenuto, lo ammetto, ma alla fine del video ho cambiato idea. Mi è piaciuta molto questa tua riflessione pur restando un convinto sostenitore del sistema capitalista. Penso che il sistema capitalista rappresenti l’uomo e si adatti ai suoi cambiamenti. Penso ne sia in un certo senso lo specchio. Perciò sono fiducioso che con l’emergere di una nuova sensibilità e consapevolezza ambientale e sociale anche il sistema capitalista, senza snaturarsi, potrà adattarsi. Io stesso sto avviando delle attività e nel mio piccolo mi pongo tante questioni etiche a 360 gradi. Vedremo e speriamo
Apprezzo molto questo commento. Anch’io, anni fa, avevo preconcetti negativi sul capitalismo. Ora cerco di capirne il funzionamento prima di giudicare. Ancora ho molti preconcetti ma ogni giorno si migliora un pochino. Complimenti per le nuove attività e bravo perché non rinunci a porti questioni etiche, anche se spesso possono risultare scomode agli affari.
@@WhatashameMaryJane piano piano guarirai anche dagli ultimi preconcetti negativi sul capitalismo e diventerai anche tu una perfetta capitalista, alla rockfeller per intenderci.. :) battute a parte, ti ringrazio, è un piacere seguire i tuoi video, sono utili per imparare l’inglese e conoscere posti nuovi, e ora devo dire anche per ascoltare interessanti considerazioni socio economiche e filosofiche 😊
I have heard a lot about the Adam Smith book, the wealth of nations, more less about theory of moral sentiment. I'm still reading the first one, maybe Smith gave some tips about capitalism issue in the second book.....
John Locke, Adam Smith and Thomas Paine IMHO were all proto socialists. The issue was that capitalism didn't start in a vacuum nor with everyone starting with a clean slate so it's philosophy, however noble, didn't create equality or peace. Capitalism started out, as Marx notes, with the middle class of feudalism and mercantilism simply seizing the labor power of the working class. This is why capitalism falls under idealism and Marxism under historical materialism. The issue was that, since we already had a ruling class, we gravitated towards Edmund Burke's version of capitalism instead of towards socialism. The key is that Marx agreed with Adam Smith on the labor theory of value. Burkes elites influenced society towards respecting tradition, authority, puritan work ethic and that true value was whatever someone was willing to pay.
Mary, very interesting I like the idea that America has the idealist free market economy compared to say Italy. I do not know much about this but as an artist I've been wondering about a term "social economy" not socialism, but I do not understand socialism anyways. But lets say the demand didn't matter as much as the people who provide a need. So I live in Canada, on the east coast, say our province has bad health care numbers but the next has poor policing numbers, and say they were known for a long time and you couldn't really fix them. It could be like the police were enabled to be kinder or better received where there were fewer numbers, or in our province people talked more about health care but it didn't mean it was a bad thing we did. Or as an artist I don't get out much so I don't get many sales, in this situation I cannot complain as I have not driven a socially motivated free market demand, so I stay poor but people who would have bought from me don't even know what they are missing. Any hints would be a great help. Great video -Dave (artist oddessy)
No matter what happens moving forward in this current system I can say that the American dream is mostly dead. Our government has sold us down the river to big corporations and financial institutions. Lobbies have more power than voters now and politicians are owned through and through. Couple that with our environmental situations and I can honestly say that our current iteration of civilization is doomed. We have maybe a few generations, or centuries, if we’re lucky.
@Hussar of Hungary I think maybe your response was meant for a different comment ? Not sure because nothing I said has anything to do with either party. Oil has been getting progressively more expensive throughout both party “reign”. I am most certainly not a democrat and I most certainly do not watch CNN or consume much of any one news or print journalism. It seems like you’re still in the phase of “it’s this parties fault, vote for the one I like. They can do it better”. That’s all an illusion my friend. The government is made up completely of just temporary employees and the real people in power stay behind the scenes and would never let the anyone in the government get any illusions about just exactly who’s running this show and I’ll use John Kennedy as my example. Wake up chief. You’ve been had.
Without the world's reserve currency, the U.S. would not have been viable for years. Because raw materials are traded in USD, for example, it is more economical for companies to invest in countries with precisely this currency. Why else would BMW be the largest exporter of automobiles in the U.S.? Tax plays a rather minor role.
@NewTube Channel "The BMW Group tops the list of automotive exports by value in the United States for the eighth year in a row, according to data from the U.S. Department of Commerce. In 2021, the Spartanburg plant exported 257,876 vehicles with a total export value of more than $10.1 billion. BMWs produced in South Carolina were exported to approximately 120 countries, primarily through the Port of Charleston in South Carolina (nearly 219,000 units), through five other Southeastern ports, and by rail to Canada. The top five export countries for the BMW Group Spartanburg plant were China (24.1% of export volume), Germany (12.3%), South Korea (9.4%), Canada (5.6%) and the United Kingdom (5.4%)."
@NewTube Channel check out the other german companies producing in the U.S. like Mercedes, Volkswagen, Telekom, Siemens, Bayer…. The IWF has a backup currency - no country in need.
Goodness just love the way in which you think and in turn make me think of or on issues. Excellent my dear. I wish here in America more politicians would think in this way and we might get some things done, but then again the greed of individuals and the money that big business throw's into the game is to enticing. As an older person also dealing with medical problems it is to easy to see how medical practice in the US is so driven by money as apposed to solutions to the base line problems. I am now a big fan of yours and am eagerly awaiting for your posts. As always please stay safe and much love to you. .
@@WhatashameMaryJane il Marpione e' colui che vuole portarti a letto, sostanzialmente. Il mio commento invece era del tutto disinteressato all'argomento sessuale visto che tra l'altro non ho neanche idea di chi sei e onestamente neanche mi interessa. Buon proseguimento👍
In the US, we're constantly bombarded with advertisements of fast food and junk food. The ads are highly successful. Just look at the size of the average American. The average weight is 197.7 lbs for males and 170.6 lbs for females. That is not normal. The result is the rise in obesity and cardiovascular disease. So that is one of the downsides of capitalism: companies being driven by profit over the health of their consumers. However, one of the great things about capitalism is choice. We always have a choice not to consume unhealthy fast food. Capitalism favors those who are knowledgable over those who are not.
Capital is fluid. Companies producing a product or service that has saturated a market do not need to artificially create demand in that market. They can pursue new profit by various means, such as expanding their share of the market, becoming more efficient or spinning off their product in new ways that (naturally) serve different needs. Failing all this, their profits can be reinvested in completely different enterprises, directly or indirectly. You seem to be reasoning backward from an ideologically perspective. The reality is that free market capitalism, although not without blemishes, has served to lift humanity out of hunger and poverty.
Has it really ? Maybe you can explain why literally half the worlds population lives in complete poverty then ? It’s the same old game. There’s a fraction that hoard amounts of resources that they couldn’t use in 10 lifetimes while others can barely afford a kilo of sugar.
@@556m4 Extreme poverty has actually decreased in these decades, just look at the World Bank data. However, if I'm not mistaken, something like 80% of humanity live in some sort of non-extreme poverty.
@@556m4 The socioeconomic state of most people in the world has improved dramatically and consistently over the last century due to the efficiency of capitalism, This is a fact, not rhetorical position produced from reasoning backwards from an ideological belief.
@@seanwalker4868 I think a more in-depth review of the facts would suit the situation for you. Half of the worlds population lives in poverty. Not relative poverty but poverty.
Also, a free market just means that people are free to exchange whatever they want with whoever they want.. sounds like your argument is more mad at government-run enterprises and not the free market.
In Europe we also have the problem of the Euro. And the Europe bank (ECB) that keeps pulling the strings with a lower interest rate and then a higher interest rate. Just to curb the Euro. This monetary system has become unsustainable. Also because in recent years the European bank has continuously bought up bonds in the southern countries of Europe with huge government debts. This also fuels inflation enormously. Which makes it seem as if the market forces are to blame. On the contrary. In the Netherlands there is already an emergency scenario ready to go back to the guilder (our currency for the euro).
Bro, you steal all the tax income from the rest of Europe and then point a finger to the south? Besides that, the Netherlands has benifited the most of the euro. Don't blame the rest of Europe for the (many!) recent policy blunders of Rutte, Kaag and the CDA.
First time I read this name, but I went to look who he is on Wikipedia and...wow! I certainly know his work! Can't wait to watch the documentary. Thank you so much for mentioning this.
@@WhatashameMaryJane I mean, I knew you like girl who is talking about travel, outdoor activities and it was surprise, that you had this kind of deep analitical mind and knowledge.
1000 years ago, growth was a great way to expand social structures. Today, with 8 billion people, it is time to ban growth from ideological beliefs. We would have a different situation if our home, the earth, would grow with our population. The world population fits today (0.25 sqm/person) on 3.5 times the area of Lake Constance, but we currently need an agricultural area of 2,000 sqm/person. The U.S. has about 10 million sqkm (pure area, including that not usable for agriculture), we humans currently need 16 million sqkm of agricultural land. Plus, the associated infrastructure. I am open to suggestions!
A point to ensure our survival physically rather than monetarily: Long product life cycles massively reduce the need for raw materials. What is needed to achieve this? The government guarantee of a minimum margin. (Don't ask me yet about the implementation). In any case, this would take the pressure of competitiveness off companies and fuel ecological measures, because they can be financed and are absolutely necessary for a company to survive on the market. (Längere Produktlebensdauer = höhere Margin)
Example (~): A 'washing machine' that works faultlessly for 4 years today and costs 500 does not become more expensive just because the same product costs 2,500 when it works for 20 years. But this is only possible if companies have a guaranteed minimum margin.
Kapitalistischer Sozialismus 😂 - mit einer Perspektive 🎉 Gemeinhin versteht man darunter, dass Leute sich Zeug kaufen können, welches sie sich nicht leisten können.
37% of the world's land area, about 5 billion hectares, is agricultural land. This makes agriculture the largest user of land. Without a single shopping mall, Home and Highway…
OMG!!! This comment section!!!.....why do I feel like I just parachuted into a minefield???? Where do I start?.....and more concerning to me is when and where will I end after trying to explain my reasoning and rational? I fear I would need at least a few years 😲😲😲
@@WhatashameMaryJane Well, actually you are the one who should built a clear and competent argument, since you produced this video. I just do not understand why do you go public with a kind of "opinion", trying to influence the other people, although you do not possess even basic a basic knowledge on economics? Do you just want to show to your fans how powerful you are? It seems to me that you are on the wrong way - although I respect your work very much - when you report on your life in NYC, or, on your trips. Thanks, anyway.
Interestig topic. As Always, I realy like when you make this kind of videos. So thank you. 🙂 Sorry in advance for my Wall of Text. XD I largely agree with you, except on one point: yes, the production systems are a problem in our modern world because they are cold machines, but the truth is they are just tools....and, like other tools, they are not good or bad for themeselves. A tool is good or bad depending on how it is used. The real issue are the people who decide how to use this tools and how to regolate their use, as you said when you talked about how business owners often make bad decisions and take action against consumers just to make more money. One of the real issues in our modern world Is that business owners are not properly controlled by governments, because politicians make money and gain power from the same economic system and the traditional guard-rails are not enough anymore to prevent abuse. The regulations that should prevent certain abuses are either not adequate or just do not exist, as often happens in the case of multinationals operating on an International stage (for example, Amazon, Apple, Google, Microsoft and Oil companies). The lack of regulations or the presence of inadequate laws have so far allowed companies to act freely. Fortunately, in Europe we have a political system that is much more attentive to people's rights and, for this reason, our governments have introducted more stringent rules that often manage to influence foreign production as well. The problem is that this is often not enough: those responsible for making regulations always prioritize their political and economical needs and gains. So, you're right, today's society should ask itself if it really needs to produce more stuff just because we can, but I think this type of problem would spontaneously resolve itself in a more regulated, albeit free, market. What a lot of people in the US (and not only there) seem to have missed is that a free market does not necessarily mean a world without rules, where anything that helps make money must be allowed. And what is especially lacking in an increasingly international free market are rules and institutions of international level that regulate production and sale all over the world, in order to prevent abuses and unfair competition not only between companies, but also between nations.
By raising these kinds of questions about the complexity of how the Free market works, is sure to stir and ruffle a few feathers, by those who have an ideological perspective on current market forces, and the way they are supposed to operate. Some people will surely see your arguments as being uninformed, and naive, but I can tell you that your line of questioning is actually totally correct and relevant, and should be acted upon. Just because something can be done, and somebody does well out of it, doesn't make it the right thing long term, to be doing. The free market is just that... an unregulated survival of the fittest jungle, where long term social and environmental issues, will come back to make fools of those who think that there are no consequences.
@@WhatashameMaryJane You know, I just think that some people should actually pay a little more attention to what you're actually saying, because there's nothing unbalanced in what you're suggesting. You also make some very good points, concerning the manipulation of markets, to create a perceived need, which may be detrimental to the consumer, and what they may think that he or she, is buying into. This is pure exploitation of human psychology, because the so called experts in this field, are trusted to provide a transparent contract with their consumer base, which should normally fall under consumer rights, or what's called "the fair trading act" (which is something that most countries will have their own version of). Why this is not being followed through on though, has to come back to clever legal interpretations of certain weaknesses in the system, which are too heavily biased towards those who control the money, I believe.
This is totally antithetical to the entire logic of capitalism. Humans are born into a world of total poverty and darkness. A world without capitalism is TOTAL HELL. It is a malnourished life with limited caloric intake, GRINDING work and total filth. Up until the 20th century human’s existence were short, filled with early death from diseases and starvation or total warfare. After industrialization we have the mechanical means to work 40-60 hours per week with houses, entertainment, underwear, deodorant, health care, rubbing water, food, universities etc. Socialism is a derivative ideology of capitalism. Without capitalism there is no non market thought experiment, even Marx was hip to this idea. The Soviets didn’t even have an oil industry that they created. They needed standard oil to show them the way.
I could probably talk to you for days on this subject and I applaud your enthusiasm of such an overwhelming topic. I think we can rest easy that someday society will get to where you think it should be, I just think we are sadly a few thousand years away from that. There is too much greed to overcome for now and too many lessons to learn.
Unfortunately, there are far too many people around who have MBAs, rather than degrees in Philosophy, Art, Literature, or Economics(like me). Grazie, Maryjane!
Ok so for people who are watching these videos, she says nothing new, she just introduced what Marx said more than 100 year ago, however he underestimated the fluidinty of capital and how flexible free market can be, you can't blame him because he lived in an era were capitalism was at it early stages and much of the long term outcomes were left to predictions, but this in now how free market has worked and it has proven Marx's predictions wrongs multiple times, plusr entrepreneurs are not bunch of robots planning to produce as many as possible, if they produce too much surplus they'd go bankrupt, instead they scrunitize on market demand and try to "lower the cost" in generall, which is not always through producing more! This limited perspective is what made Marx propose such a lane prediction
the usual two "extremists" thinks .... :/ ... the solution is the normality .... the "simpleness" .... that it's the best deal for each ones ... something that maybe it's the best choice among the economic system and the human and naturally life ... but it's too much simple and 'un-usefull' (that it's not useless)
Thanks to industrialization we don’t have enough to do for the people, we have to feed the poor people anyway. That’s why industrialization can be the hero of tomorrow. There are ideas about taxes on industrial ’hands/robots’ for filling the gap.
Dem Raubbau an der Natur wird entgegengewirkt, indem Produktlebenszyklen verlängert werden. Damit Unternehmen in der Lage dazu sind, muss eine staatlich garantierte Marge eingeführt sein. Nur so können Unternehmen trotz Konkurrenzdruck überleben.
Carissima Mary tu sei una fantastica donna friulana. E molte donne friulane partoriscono stupendi bambini. Sarebbe bello se anche tu (come la maggior parte delle donne friulane) partorissi dei bellissimi bambini. È bello vedere una madre che partorisce un bambino. Spero che un giorno tu possa partorire un bellissimo bambino stupendo e farlo crescere con amore e cura. Un fortissimo abbraccio virtuale a te🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕
Very poor argument. Assumes people can be infinitely manipulate to do things against their rational self interest - that is that people cannot think and judge for themselves. It does begs the question in a very real way. FAIL
Milton Friedman said it all. Go listen to his take on being free to choose. Over a long period of time, disruption allows substitute/better products. Extremely rare to see any company thrive more than a few decades.
@@WhatashameMaryJane You seem to dismiss all the innovation the free market provides, all the breakthrough drugs and health treatments only exist because of it. Because of the abundance of capital. Without it you have no incentive to innovate. The "Capitalist" system you despise produces more breakthrough drugs than anything else ever has.
He's pretty terrible actually and could be considered the grandfather of "Trickle down economics" in the USA which was all previously developed during the horrific dictatorship of Pinochet in Chile, where they tortured folk singers and ran students and teachers over with tanks, or else disembowel you and threw you out of a helicopter (a popular joke for the far right all over the world).
I like your channel, as an Italian-American I like watching Italian channels, but Italy nor the USA has a free market economy and to say they do means you really do not understand the concept of free markets. 100+ years ago the USA had a free market economy, that’s why why we became so wealthy, but over the last 100 years we have become more and more socialist. Superficially people that do not understand economics think we are a free market, but governments regulate every aspect of business, economies, markets, & money supply
@@WhatashameMaryJane I saw the entire video, your entire premise is wrong. The USA and none of the European countries have anything remotely resembling a free economy
If you were to see the U.S. as a free country, why are thousands of people there sleeping in tents by the road? I think it's too easy to focus on an 'either or' alone. Statistically, people in poor countries are happier than those in affluence. MJ has ventured into a very complex topic here. Where do you see possibilities for improvement, in terms of quality of life?
@@lucianoascone2808 Yes, this is the same dream that refugees have on their way to the EU. The reality is different. Which country will offer the best opportunities? The country at the peak of its economic achievements, or the country with potential there. It makes little sense for the bright minds willing to work to leave the country that needs these people. Unfortunately, I simply know far too little about the continent south of the USA. When I think that more children die in the U.S. from gunshot wounds than from road traffic, I know exactly where I don't want to be.
I thought you were a RUclipsr, now I understand you are a propagandist. Everything you own is because of capitalism. Capitalism is not inherently bad, capitalism is the attempted tokenisation of individual effort with the ambition of interchange, noting more. Just as a gullible individual can listen and believe a Twitter post, so can the spend their 'money' and vote. I am sorry MJ, I am no longer a watching this channel. You are becoming too judgemental and political.
@@WhatashameMaryJane I still enjoy your channel. I don't agree with your perspective here but I respect the courage it takes to post a video like this. Keep going, never be afraid.
I would like to suggest to you Adam Smith, please look further than the invisible hand. Solutions are found by those who remain. Capitalism is not the reason for full shelves, it is the opposite. That should have become clear to everyone by now.
Fine ideas all. FME already went of existence over a century ago. When did we (any we) get a free market economy? We had some 150 years ago but rarely since. Any industry with governmental influence (taxes, fees, regulations, tariffs) by definition is not an FME. I asked a friend who is an economist and he verified we have no true FME today. The closest is New Zealand with a 80.6% freedom index. A leading American dictionary says this:
"The United States no longer has a free market system. Instead, the United States now has a managed economy-- by definition, a nonmarket economy since it doesn't exist solely on supply and demand [source: Merriam-Webster]."
One very basic human function explains this. There are literally 22 different taxes involved in buying a roll of toilet paper in the US from the planting of the original trees, producing pulp and paper, pollution, unemployment tax, social security tax, income tax, property tax, transporting everything along the way, delivery to stores, to the sales tax on the retail purchase.
Unfettered growth in living organisms is called cancer. It stands to reason that growth in economies, without constraints or consideration for the broader consequences, can similarly be described as laying the ground work for a societal malignancy.
Love the metaphor. Never heard about this parallelism before.
1000 years ago, growth was a great way to expand social structures. Today, with 8 billion people, it is time to ban growth from ideological beliefs.
We would have a different situation if our home, the earth, would grow with our population.
You’re right that’s called the Malthusian trap.
The beauty of the Malthusian trap was that there was no sustained economic Growth on planet earth BECAUSE every time growth created more population, starvation ensued and global population declined. Food was the literal limiting factor-constraint of humanity before capitalism.
Starting in the 18th or 19th century this all began to fade away as market economies took over from feudalism-mercantilism.
You misunderstand what growth means in economics. It doesn't mean getting bigger, it means a constant process of movement and discovery. Without growth the system collapses.
Hi Mary Jane - I am a stroke survivor who takes six pills daily. These pills " manage " my condition but they don't heal anything. They mask the reality .. but that's how the system works. In a highly diminished way I still function. That's all that matters.
I'm sorry to hear about your condition David. Glad you can still function.
Oh yes, instead of healing, primarily symptoms are treated. Alternatives are often not covered by health insurance and are therefore simply not feasible for doctors without co-payment.
Knee operations and dental implants are the most popular in Germany. Here, unfortunately, it is mostly a matter of billability.
I wish you all the best and hope for recovery for you ❤️
You raise some excellent points as always. Economics, as a discipline, kind of grew out of philosophy but then got taken over by an obsession with mathematical modeling. These models led people to believe that it was possible to plan and control economic systems from the top through government - either through central planning or extensive regulation. Hence the 20th century. The latest thinking is captured in the ideas of behavioral economics. The Wikipedia entry does a good job of explaining it. The newer thinking is that if you want to change the macroeconomic environment you have to change the behavior of individuals. There are many ways to do that - advertising, communication, education, legislation, etc. - but one of the newer ideas is called nudge theory. Wikipedia does a good job of describing that as well. Check it out. An interesting implication of this is that recent changes in the way people receive the information that provides these nudges to their behavior has changed dramatically with social media. The theory also posits both consumers AND producers can be influenced in this way. It is an interesting idea. We know that laws like prohibitions on things like narcotics don’t work. You would have to change the behavior of both the user and the supplier to change the market.
Another great video. Thank You for sharing your thoughts.
The obsession of economics with mathematical modelling is something I've started noticing lately. I hope to better understand it and make a video about it in the future. A lot to learn!
@@a.a.9686 The two are related though. The macro environment is just the aggregate of all the micro behaviors of the individuals. Just as the culture of a society is the aggregate of all the beliefs of the individuals. And it is very hard to influence these individual behaviors from above. This is the essence of nudge theory. Laws, regulations, policies, commandments, etc. can only go so far. Some people will respect them and comply with them, but some won't. The ruling class call this "corruption." "How do I get them to obey my laws?"
Economics is simply the study of all this. And what the field has learned lately is that it is a lot more complex than previously believed. From a political standpoint, the old model that says "We will gain power and then change the policies and command obedience through laws" will only work to a point. You have to fundamentally transform the attitudes, beliefs, and behaviors of the market participants - and that is a LOT harder.
@@WhatashameMaryJane Econometrics is perhaps a place to start. And I was just looking at the wiki entry for Mathematical Economics. That would be a good starting point as well. Many good references cited.
It seems the fundamental issue underlying all of this is greed (on a corporate level = profit, personal level = value). And then the question becomes: how can we systematically reduce greed in the population? Cultivating gratitude, encouraging upcycling, recycling, sharing our resources are intuitive answers. But even some forms of generosity may contribute to the problem. Consider the notion of 'paying it forward,' it's a nice idea but probably further adds to the issue of excess consumption. I think we are shaped to be greedy by the ubiquity of advertising and other marketing strategies, and the ensuing network effects ('keeping up with the Joneses'). But to answer your question about potential solutions, I think the key lies in educating people about how and why they are influenced by these various forces. When I first learned about Marx & Engels Commodity Fetishism, Benjaminian Auras and Foucault's 'author function' in an anthropology course, it really opened my eyes. Obviously a different approach is required for different types people to help them lift the veil and see what is going on (which you so eloquently described in this video), but I really do believe that education is the answer. Considering your philosophy background, I would love to know what concepts/research/ideas have informed your views on this topic!
Education is always the answer. I love how you formulated your comment, starting from a human problem, greed, and suggesting to reduce it with simple acts of solidarity. I have the same exact view on society, although I often feel embarrassed to say it out loud in public, because I know I would be simplistically labelled as naive. But I really do believe in educating to solidarity as the most radical and effective solution to many big problems of our society. Thank you for writing this: you inspired me.
Things are not so simple as producing more to be competitive, it is about producing cheaper and more efficiently which is going to drive out businesses that consume more resources to build the same product or service. And let's not forget about the demand, the amounts that are produced are produced to meet the demand for those products, and the free market is the most efficient system of meeting that demand!
Thank you Mary Jane for this topic. It has released a lot ☺
This video raises many valid and interesting points, to which governments are devoting very little energy. However I do not agree with the conclusions (although I would have to write tens of thousands of words to explain why). But just to take one (very important) issue - human nature . You cannot say "one should not have greed". The desire for more is inherent in our make-up (or in many citizens' makeup). A "solution" has to take this into account - channel greed into something positive. I have some ideas as to how to do this, but this is not the best place to present them.
No
Thank you. I would suggest that you study and understand how it is that the idea of a “free market “ came about in its current form. Then think again. Everything you said has great relevance to this debate. However, the “free market “ as it is today is the opposite of what Adam Smith postulated. Read the Wealth of Nations. Please.
This might interest you Marianna: ruclips.net/video/FFAbK20rXa0/видео.html
I understand you are performing a thought experiment to illustrate your points. The limits of a thought experiment there are too many additional data or inflection points. For example lawsuits drive government to impose regulations on companies to demonstrate they are good politicians. This drives the company to seek ways to drive sales. This leads to lobbyists soliciting politicians for some rule change or some way to restrict market access. Did you ever read the staf belly sneetches bt Dr Seuss? This is exactly what you are trying to discuss.
YESSSS THANK YOU. I'm having arguments with my friends who want socialism and I keep trying to tell them capitalism isn't the problem... It's GREED. We need systems that BALANCE and restrict that greed. These folks want MORE wealth and to pass the wealth... that's imperialism....we need TRUE capitalism to balance these things outtttt
I came over to check out your channel. I love videos that make me think. I'm looking forward to watching more. Thanks for the nice comments.
I disagree with two thirds of your reasoning, and the philosophical approach to the economic theory as well; nonetheless, I find it intriguing and challenging, thanks!
It would be nice to hear your arguments!
Ero partito prevenuto, lo ammetto, ma alla fine del video ho cambiato idea. Mi è piaciuta molto questa tua riflessione pur restando un convinto sostenitore del sistema capitalista. Penso che il sistema capitalista rappresenti l’uomo e si adatti ai suoi cambiamenti. Penso ne sia in un certo senso lo specchio. Perciò sono fiducioso che con l’emergere di una nuova sensibilità e consapevolezza ambientale e sociale anche il sistema capitalista, senza snaturarsi, potrà adattarsi. Io stesso sto avviando delle attività e nel mio piccolo mi pongo tante questioni etiche a 360 gradi. Vedremo e speriamo
Apprezzo molto questo commento. Anch’io, anni fa, avevo preconcetti negativi sul capitalismo. Ora cerco di capirne il funzionamento prima di giudicare. Ancora ho molti preconcetti ma ogni giorno si migliora un pochino.
Complimenti per le nuove attività e bravo perché non rinunci a porti questioni etiche, anche se spesso possono risultare scomode agli affari.
@@WhatashameMaryJane piano piano guarirai anche dagli ultimi preconcetti negativi sul capitalismo e diventerai anche tu una perfetta capitalista, alla rockfeller per intenderci.. :) battute a parte, ti ringrazio, è un piacere seguire i tuoi video, sono utili per imparare l’inglese e conoscere posti nuovi, e ora devo dire anche per ascoltare interessanti considerazioni socio economiche e filosofiche 😊
@@WhatashameMaryJane can u help me I'm still homeless and I'm in Brooklyn
I have heard a lot about the Adam Smith book, the wealth of nations, more less about theory of moral sentiment. I'm still reading the first one, maybe Smith gave some tips about capitalism issue in the second book.....
John Locke, Adam Smith and Thomas Paine IMHO were all proto socialists. The issue was that capitalism didn't start in a vacuum nor with everyone starting with a clean slate so it's philosophy, however noble, didn't create equality or peace. Capitalism started out, as Marx notes, with the middle class of feudalism and mercantilism simply seizing the labor power of the working class.
This is why capitalism falls under idealism and Marxism under historical materialism.
The issue was that, since we already had a ruling class, we gravitated towards Edmund Burke's version of capitalism instead of towards socialism. The key is that Marx agreed with Adam Smith on the labor theory of value. Burkes elites influenced society towards respecting tradition, authority, puritan work ethic and that true value was whatever someone was willing to pay.
Mary, very interesting I like the idea that America has the idealist free market economy compared to say Italy. I do not know much about this but as an artist I've been wondering about a term "social economy" not socialism, but I do not understand socialism anyways. But lets say the demand didn't matter as much as the people who provide a need. So I live in Canada, on the east coast, say our province has bad health care numbers but the next has poor policing numbers, and say they were known for a long time and you couldn't really fix them. It could be like the police were enabled to be kinder or better received where there were fewer numbers, or in our province people talked more about health care but it didn't mean it was a bad thing we did. Or as an artist I don't get out much so I don't get many sales, in this situation I cannot complain as I have not driven a socially motivated free market demand, so I stay poor but people who would have bought from me don't even know what they are missing.
Any hints would be a great help. Great video
-Dave (artist oddessy)
No matter what happens moving forward in this current system I can say that the American dream is mostly dead. Our government has sold us down the river to big corporations and financial institutions. Lobbies have more power than voters now and politicians are owned through and through. Couple that with our environmental situations and I can honestly say that our current iteration of civilization is doomed. We have maybe a few generations, or centuries, if we’re lucky.
@Hussar of Hungary I think maybe your response was meant for a different comment ? Not sure because nothing I said has anything to do with either party. Oil has been getting progressively more expensive throughout both party “reign”. I am most certainly not a democrat and I most certainly do not watch CNN or consume much of any one news or print journalism. It seems like you’re still in the phase of “it’s this parties fault, vote for the one I like. They can do it better”. That’s all an illusion my friend. The government is made up completely of just temporary employees and the real people in power stay behind the scenes and would never let the anyone in the government get any illusions about just exactly who’s running this show and I’ll use John Kennedy as my example. Wake up chief. You’ve been had.
Without the world's reserve currency, the U.S. would not have been viable for years.
Because raw materials are traded in USD, for example, it is more economical for companies to invest in countries with precisely this currency.
Why else would BMW be the largest exporter of automobiles in the U.S.?
Tax plays a rather minor role.
@NewTube Channel we may have a misunderstanding. BMW is the biggest exporter from the USA, eight years in a row.
@NewTube Channel "The BMW Group tops the list of automotive exports by value in the United States for the eighth year in a row, according to data from the U.S. Department of Commerce. In 2021, the Spartanburg plant exported 257,876 vehicles with a total export value of more than $10.1 billion. BMWs produced in South Carolina were exported to approximately 120 countries, primarily through the Port of Charleston in South Carolina (nearly 219,000 units), through five other Southeastern ports, and by rail to Canada.
The top five export countries for the BMW Group Spartanburg plant were China (24.1% of export volume), Germany (12.3%), South Korea (9.4%), Canada (5.6%) and the United Kingdom (5.4%)."
@NewTube Channel check out the other german companies producing in the U.S. like Mercedes, Volkswagen, Telekom, Siemens, Bayer…. The IWF has a backup currency - no country in need.
Goodness just love the way in which you think and in turn make me think of or on issues. Excellent my dear. I wish here in America more politicians would think in this way and we might get some things done, but then again the greed of individuals and the money that big business throw's into the game is to enticing. As an older person also dealing with medical problems it is to easy to see how medical practice in the US is so driven by money as apposed to solutions to the base line problems. I am now a big fan of yours and am eagerly awaiting for your posts. As always please stay safe and much love to you. .
Thank you for the nice comment Joe!
Ma le friulane sono tutte così carine e intelligenti?
E gli italiani sempre così marpioni?
@@WhatashameMaryJane il Marpione e' colui che vuole portarti a letto, sostanzialmente. Il mio commento invece era del tutto disinteressato all'argomento sessuale visto che tra l'altro non ho neanche idea di chi sei e onestamente neanche mi interessa. Buon proseguimento👍
In the US, we're constantly bombarded with advertisements of fast food and junk food. The ads are highly successful. Just look at the size of the average American. The average weight is 197.7 lbs for males and 170.6 lbs for females. That is not normal. The result is the rise in obesity and cardiovascular disease.
So that is one of the downsides of capitalism: companies being driven by profit over the health of their consumers. However, one of the great things about capitalism is choice. We always have a choice not to consume unhealthy fast food. Capitalism favors those who are knowledgable over those who are not.
Capital is fluid. Companies producing a product or service that has saturated a market do not need to artificially create demand in that market. They can pursue new profit by various means, such as expanding their share of the market, becoming more efficient or spinning off their product in new ways that (naturally) serve different needs. Failing all this, their profits can be reinvested in completely different enterprises, directly or indirectly.
You seem to be reasoning backward from an ideologically perspective. The reality is that free market capitalism, although not without blemishes, has served to lift humanity out of hunger and poverty.
Has it really ? Maybe you can explain why literally half the worlds population lives in complete poverty then ? It’s the same old game. There’s a fraction that hoard amounts of resources that they couldn’t use in 10 lifetimes while others can barely afford a kilo of sugar.
@@556m4 Extreme poverty has actually decreased in these decades, just look at the World Bank data. However, if I'm not mistaken, something like 80% of humanity live in some sort of non-extreme poverty.
Maybe you're right. That's not my impression now though. It might change in the years to come.
@@556m4 The socioeconomic state of most people in the world has improved dramatically and consistently over the last century due to the efficiency of capitalism, This is a fact, not rhetorical position produced from reasoning backwards from an ideological belief.
@@seanwalker4868 I think a more in-depth review of the facts would suit the situation for you. Half of the worlds population lives in poverty. Not relative poverty but poverty.
Also, a free market just means that people are free to exchange whatever they want with whoever they want.. sounds like your argument is more mad at government-run enterprises and not the free market.
So you like planned economy more?
No I don't
@@WhatashameMaryJane We don't have real capitalism!!! USA is living under neofeudalism stage!!!
I like your channel because is very interesting
Thank you
@@WhatashameMaryJane thank you too 😍💪💪
Are you talking about Klaus Schwab's Great Reset [phantasies/"instructions"]?
In Europe we also have the problem of the Euro. And the Europe bank (ECB) that keeps pulling the strings with a lower interest rate and then a higher interest rate. Just to curb the Euro. This monetary system has become unsustainable. Also because in recent years the European bank has continuously bought up bonds in the southern countries of Europe with huge government debts. This also fuels inflation enormously. Which makes it seem as if the market forces are to blame. On the contrary. In the Netherlands there is already an emergency scenario ready to go back to the guilder (our currency for the euro).
Note: The Euro will collapse in 2024 !
'Bella Ciao' 😜
Bro, you steal all the tax income from the rest of Europe and then point a finger to the south? Besides that, the Netherlands has benifited the most of the euro. Don't blame the rest of Europe for the (many!) recent policy blunders of Rutte, Kaag and the CDA.
Are you sure you're willing to follow your British cousins on the other side of the Channel? Good luck
@@federicomasetti8809 The British were not in the Monetary Union. You have the EU and you have the EMU. These are 2 separate worlds!
Edward Bernays, get people to buy stuff they don’t need. Watch ‘Century of the self.’
First time I read this name, but I went to look who he is on Wikipedia and...wow! I certainly know his work! Can't wait to watch the documentary. Thank you so much for mentioning this.
Next suggestion thanks to my Algorithms: George Orwell and Aldous Huxley 😂
I'm following you, long time and get surprised, you really have intelect and analitical mind! Well done!
Der Kommentar ist durchaus als Beleidigung zu verstehen. Warum schreibst du sowas?
I really don't know how to take this
@@WhatashameMaryJane I mean, I knew you like girl who is talking about travel, outdoor activities and it was surprise, that you had this kind of deep analitical mind and knowledge.
@@Qwerty8 why it could be insult, everyone's hasn't deep analitical mind.
@@onceupongeorgia ok. So it’s about the definition of ‘long time’?
Your words were interpreted by me as condescending, was I wrong?
Si possono aggiungere i sottotitoli in italiano?
RUclips dovrebbe fornire la possibilità di una traduzione automatica. Si trova cliccando sulla ghiera delle impostazioni del video.
1000 years ago, growth was a great way to expand social structures. Today, with 8 billion people, it is time to ban growth from ideological beliefs.
We would have a different situation if our home, the earth, would grow with our population.
The world population fits today (0.25 sqm/person) on 3.5 times the area of Lake Constance, but we currently need an agricultural area of 2,000 sqm/person.
The U.S. has about 10 million sqkm (pure area, including that not usable for agriculture), we humans currently need 16 million sqkm of agricultural land. Plus, the associated infrastructure.
I am open to suggestions!
A point to ensure our survival physically rather than monetarily:
Long product life cycles massively reduce the need for raw materials.
What is needed to achieve this? The government guarantee of a minimum margin.
(Don't ask me yet about the implementation).
In any case, this would take the pressure of competitiveness off companies and fuel ecological measures, because they can be financed and are absolutely necessary for a company to survive on the market.
(Längere Produktlebensdauer = höhere Margin)
Example (~): A 'washing machine' that works faultlessly for 4 years today and costs 500 does not become more expensive just because the same product costs 2,500 when it works for 20 years.
But this is only possible if companies have a guaranteed minimum margin.
Kapitalistischer Sozialismus 😂 - mit einer Perspektive 🎉
Gemeinhin versteht man darunter, dass Leute sich Zeug kaufen können, welches sie sich nicht leisten können.
37% of the world's land area, about 5 billion hectares, is agricultural land. This makes agriculture the largest user of land.
Without a single shopping mall, Home and Highway…
@@Qwerty8 competition is what make compagnies successful...
OMG!!! This comment section!!!.....why do I feel like I just parachuted into a minefield???? Where do I start?.....and more concerning to me is when and where will I end after trying to explain my reasoning and rational? I fear I would need at least a few years 😲😲😲
Same here 😂
Hi Stephen!
@@Qwerty8 Hi ya 👍 hows all ? 🙏....Good news !!!!.....so farI've managed to cut back the preface to my argument to 45 pages 😲😲🤣🤣
Perfect as always 😊
I have already written my fingers to the bone 😂
This kind of "arguments" always starts with: "I am not an economist, but."..and then "your prejudeces", omg...
I wish you formulated full sentences and built a clear argument argument about this
@@WhatashameMaryJane Well, actually you are the one who should built a clear and competent argument, since you produced this video. I just do not understand why do you go public with a kind of "opinion", trying to influence the other people, although you do not possess even basic a basic knowledge on economics? Do you just want to show to your fans how powerful you are? It seems to me that you are on the wrong way - although I respect your work very much - when you report on your life in NYC, or, on your trips. Thanks, anyway.
I like this!
3:47 ci sta ;) non capivo dal tuo accento ;) eccellente inglese complimenti ;)
Interestig topic. As Always, I realy like when you make this kind of videos. So thank you. 🙂
Sorry in advance for my Wall of Text. XD
I largely agree with you, except on one point: yes, the production systems are a problem in our modern world because they are cold machines, but the truth is they are just tools....and, like other tools, they are not good or bad for themeselves. A tool is good or bad depending on how it is used. The real issue are the people who decide how to use this tools and how to regolate their use, as you said when you talked about how business owners often make bad decisions and take action against consumers just to make more money. One of the real issues in our modern world Is that business owners are not properly controlled by governments, because politicians make money and gain power from the same economic system and the traditional guard-rails are not enough anymore to prevent abuse. The regulations that should prevent certain abuses are either not adequate or just do not exist, as often happens in the case of multinationals operating on an International stage (for example, Amazon, Apple, Google, Microsoft and Oil companies). The lack of regulations or the presence of inadequate laws have so far allowed companies to act freely. Fortunately, in Europe we have a political system that is much more attentive to people's rights and, for this reason, our governments have introducted more stringent rules that often manage to influence foreign production as well. The problem is that this is often not enough: those responsible for making regulations always prioritize their political and economical needs and gains.
So, you're right, today's society should ask itself if it really needs to produce more stuff just because we can, but I think this type of problem would spontaneously resolve itself in a more regulated, albeit free, market. What a lot of people in the US (and not only there) seem to have missed is that a free market does not necessarily mean a world without rules, where anything that helps make money must be allowed. And what is especially lacking in an increasingly international free market are rules and institutions of international level that regulate production and sale all over the world, in order to prevent abuses and unfair competition not only between companies, but also between nations.
You stole the words right out of my mouth.
By raising these kinds of questions about the complexity of how the Free market works, is sure to stir and ruffle a few feathers, by those who have an ideological perspective on current market forces, and the way they are supposed to operate.
Some people will surely see your arguments as being uninformed, and naive, but I can tell you that your line of questioning is actually totally correct and relevant, and should be acted upon.
Just because something can be done, and somebody does well out of it, doesn't make it the right thing long term, to be doing.
The free market is just that... an unregulated survival of the fittest jungle, where long term social and environmental issues, will come back to make fools of those who think that there are no consequences.
Yes Andrew, watch for a comment by “Constructor”: you saw it right
@@WhatashameMaryJane You know, I just think that some people should actually pay a little more attention to what you're actually saying, because there's nothing unbalanced in what you're suggesting.
You also make some very good points, concerning the manipulation of markets, to create a perceived need, which may be detrimental to the consumer, and what they may think that he or she, is buying into.
This is pure exploitation of human psychology, because the so called experts in this field, are trusted to provide a transparent contract with their consumer base, which should normally fall under consumer rights, or what's called "the fair trading act" (which is something that most countries will have their own version of).
Why this is not being followed through on though, has to come back to clever legal interpretations of certain weaknesses in the system, which are too heavily biased towards those who control the money, I believe.
Imposing sanctions by individual states, on foreign companies shreds the idea of the free market. Hi Andrew ❤
This is totally antithetical to the entire logic of capitalism. Humans are born into a world of total poverty and darkness. A world without capitalism is TOTAL HELL. It is a malnourished life with limited caloric intake, GRINDING work and total filth.
Up until the 20th century human’s existence were short, filled with early death from diseases and starvation or total warfare.
After industrialization we have the mechanical means to work 40-60 hours per week with houses, entertainment, underwear, deodorant, health care, rubbing water, food, universities etc.
Socialism is a derivative ideology of capitalism. Without capitalism there is no non market thought experiment, even Marx was hip to this idea.
The Soviets didn’t even have an oil industry that they created. They needed standard oil to show them the way.
@@johnpertz4058 right, the germans invented the Airbag. So what? Counting vs dying or living vs nothing - choice to freedom ☕️
Match it if you liked 🫣
I watched this because you are pretty and have an attractive accent. Hope my 12:44 second view helped you with your ad revenue. Good luck
Why MJ, are you a Keynesian at heart? Me too.....
I could probably talk to you for days on this subject and I applaud your enthusiasm of such an overwhelming topic. I think we can rest easy that someday society will get to where you think it should be, I just think we are sadly a few thousand years away from that. There is too much greed to overcome for now and too many lessons to learn.
No, it’s us. It will be us tomorrow too. It’s our choice. Stay out if you like. - choose wisely 😅
@@Qwerty8 what are you talking about?
@@jim6070 Acedia
@@Qwerty8 ok, now I understand. Hope you recover.
@NewTube Channel oh great! How do you know? What did you do during your last 1000 years?
Unfortunately, there are far too many people around who have MBAs, rather than degrees in Philosophy, Art, Literature, or Economics(like me). Grazie, Maryjane!
Ahaha I actually agree James 😅
Mba is necessary, stems too .
Ok so for people who are watching these videos, she says nothing new, she just introduced what Marx said
more than 100 year ago, however he underestimated the fluidinty of capital and how flexible free market can be, you can't blame him because he lived in an era were capitalism was at it early stages and much of the long term outcomes were left to predictions, but this in now how free market has worked and it has proven Marx's predictions wrongs multiple times, plusr entrepreneurs are not bunch of robots planning to produce as many as possible, if they produce too much surplus they'd go bankrupt, instead they scrunitize on market demand and try to "lower the cost" in generall, which is not always through producing more! This limited perspective is what made Marx propose such a lane prediction
YOU MAKE ME THINK I LIKE THAT. HOW DO WE BUILD ENOUGH AFFORDABLE HOUSING
Beh, sei coraggiosa, affrontare un argomento cosi in un paese fondato sul capitalismo e sul mercato libero non e' da tutti.
Cara Maryjane sei sempre brava e ti ammiro... abbraccio forte e sincero dal Pigi..😘🌃
fr!! command economy has always been better
Can you develop your thought?
@@WhatashameMaryJane capitalism is no utopia but its still better than any other system that exists currently
@@WhatashameMaryJane sarcasm
@@MarvinGunkle what’s fr?
@@WhatashameMaryJane means for real
what is your opinion on georgia meloni
Another actor… slave of Bruxelles, Wdc and wef
@@ex8143 ftx is the fall guy for crypto to be government regulated
I don't have a well informed one so I won't share it.
Allora possiamo creare potenziale a non fare nulla :-)
Ciao. Mi chiamo Ricardo (con una c) e questo video mi piace. Grazie mille.
the usual two "extremists" thinks .... :/ ... the solution is the normality .... the "simpleness" .... that it's the best deal for each ones ... something that maybe it's the best choice among the economic system and the human and naturally life ... but it's too much simple and 'un-usefull' (that it's not useless)
Solutions:
1. minimum wage
2. minimum margin (for companies)
3. your turn ;)
What do you think about universal basic income?
There is no alternative.
Thanks to industrialization we don’t have enough to do for the people, we have to feed the poor people anyway.
That’s why industrialization can be the hero of tomorrow. There are ideas about taxes on industrial ’hands/robots’ for filling the gap.
The rich people are not a problem, as long as the money flows back into the real economy. Savings are bad - if it’s more than one person need.
Dem Raubbau an der Natur wird entgegengewirkt, indem Produktlebenszyklen verlängert werden. Damit Unternehmen in der Lage dazu sind, muss eine staatlich garantierte Marge eingeführt sein. Nur so können Unternehmen trotz Konkurrenzdruck überleben.
Carissima Mary tu sei una fantastica donna friulana. E molte donne friulane partoriscono stupendi bambini. Sarebbe bello se anche tu (come la maggior parte delle donne friulane) partorissi dei bellissimi bambini. È bello vedere una madre che partorisce un bambino. Spero che un giorno tu possa partorire un bellissimo bambino stupendo e farlo crescere con amore e cura. Un fortissimo abbraccio virtuale a te🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🥺🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕💕
In che modo consideri il contenuto di questo commento relativo al video?
You nailed it girl.
It seems that your brain march your face ;)
Meglio di diego fusaro XD
Very poor argument. Assumes people can be infinitely manipulate to do things against their rational self interest - that is that people cannot think and judge for themselves. It does begs the question in a very real way. FAIL
You think people cannot be manipulated to act in a certain way?
Milton Friedman said it all. Go listen to his take on being free to choose.
Over a long period of time, disruption allows substitute/better products. Extremely rare to see any company thrive more than a few decades.
What do you mean by "all"? Milton Friedman has been proved to be way too optimistic about the free market economy
@@WhatashameMaryJane You seem to dismiss all the innovation the free market provides, all the breakthrough drugs and health treatments only exist because of it. Because of the abundance of capital. Without it you have no incentive to innovate. The "Capitalist" system you despise produces more breakthrough drugs than anything else ever has.
He's pretty terrible actually and could be considered the grandfather of "Trickle down economics" in the USA which was all previously developed during the horrific dictatorship of Pinochet in Chile, where they tortured folk singers and ran students and teachers over with tanks, or else disembowel you and threw you out of a helicopter (a popular joke for the far right all over the world).
@17713bb Milton Friedman wasn't right about everything!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I like your channel, as an Italian-American I like watching Italian channels, but Italy nor the USA has a free market economy and to say they do means you really do not understand the concept of free markets. 100+ years ago the USA had a free market economy, that’s why why we became so wealthy, but over the last 100 years we have become more and more socialist. Superficially people that do not understand economics think we are a free market, but governments regulate every aspect of business, economies, markets, & money supply
Exactly, government is too big especially in Europe
Just like when you conversate with a person you let them finish before replying, you should watch the entire video before commenting...
Ok, that’s interesting 🤔 how does it come?
@@Gnashercide Unfortunately, the USA caught up to the size, power, and scope of its authority of the government
@@WhatashameMaryJane I saw the entire video, your entire premise is wrong. The USA and none of the European countries have anything remotely resembling a free economy
tHaT's NoT rEaL cApItAlIsm
Who said that ? In my country we have capitalist free market and it's very successful
@@Gnashercide which country is that?
@@Oldiesyoungies switzerland
@@Gnashercide ha! their beef cost 100eu/kg because of tarrifs
@@Gnashercide and don't they have minimum wage and mandatory pensions? and you call that capitalism?
Come to argentina to better understand the idiocy you are saying. Free countries are richer than countries where the state regulates everything.
you can also travel to Venezuela, North Korea, Nicaragua or any dictatorship in Africa, where they despise the free market and see how they are doing.
If you were to see the U.S. as a free country, why are thousands of people there sleeping in tents by the road?
I think it's too easy to focus on an 'either or' alone.
Statistically, people in poor countries are happier than those in affluence.
MJ has ventured into a very complex topic here.
Where do you see possibilities for improvement, in terms of quality of life?
@@Qwerty8 cubans, mexican argentinian people see a lot of opportunities in US. People put in risk their lifes to escape from socialism countries.
@@lucianoascone2808 Yes, this is the same dream that refugees have on their way to the EU.
The reality is different.
Which country will offer the best opportunities? The country at the peak of its economic achievements, or the country with potential there.
It makes little sense for the bright minds willing to work to leave the country that needs these people.
Unfortunately, I simply know far too little about the continent south of the USA.
When I think that more children die in the U.S. from gunshot wounds than from road traffic, I know exactly where I don't want to be.
Sorry, but I prefer your videos about Italian travel and culture.....
I love these kind of videos from her.
She is growing ;)
No worries they'll keep coming too
...Mary Jane is a degrowther?
People who really understand where this is all headed and want to lessen the inevitable crash tend to be proponents of degrowth.
If you refer to this movement en.wikipedia.org/wiki/Degrowth I'm 10000% in.
I thought you were a RUclipsr, now I understand you are a propagandist.
Everything you own is because of capitalism.
Capitalism is not inherently bad, capitalism is the attempted tokenisation of individual effort with the ambition of interchange, noting more.
Just as a gullible individual can listen and believe a Twitter post, so can the spend their 'money' and vote.
I am sorry MJ, I am no longer a watching this channel. You are becoming too judgemental and political.
Everything problematic about nowadays political debate in one comment. Good job, thanks!
@@WhatashameMaryJane I still enjoy your channel. I don't agree with your perspective here but I respect the courage it takes to post a video like this. Keep going, never be afraid.
I would like to suggest to you Adam Smith, please look further than the invisible hand.
Solutions are found by those who remain.
Capitalism is not the reason for full shelves, it is the opposite. That should have become clear to everyone by now.
All socialism will be abolished
I LOVE YOU GIRL. I AM A BUSINESS MAN