Radhika mentioned that the cold war with China started in 2020. Okay maybe the invasion part of a way was in 2020. But the planning stage started in 2008. With the financial collapse and what Beijing did and pulled off during the Olympics Opening Ceremony opened western eyes. The sheer scale of production and how it was so synchronized speaks volumes about the country's capabilities. In another word, the opening ceremony scared the bejeezus out of the west - the high tech to synchronize thousands of people. And it was around then that Putin and China really started their partnership for a multipolar world.
It's not so important, but it started imo around Obama pivot to Asia around 2011/12? But sure, it's more a continuum and I do recall the '08 Beijing Olympics and, certainly, it was a part while the US was dealing with the '08/09 crash. I'd say China wasn't accelerating fast until maybe ~2012/3, at least on the ground...
@@ALIEN_857 if one really think about it...both China and the US/west are socialists, but are on the opposite end of the spectrum... The CPC favors the populous while the US favors the wealthy elites while punishing the world...the whole capitalist vs communist is but theatre and propaganda really.
Really have a dim outlook on my country now. Glad tho, better than living in absolute abyss and world of propaganda that we are introduced to daily, here in the west. Wish more people would open their eyes and see and inspire some real change! Good work.
It's SHOCKING how COMPLETE the brainwashing is with US citizens. I guess all immigrants are DESPERATE to cling on to the FRAUD that is the American Dream and unlimited wealth. What a totally FRAUD civilization. You people are and have been totally OUT OF TOUCH WITH REALITY for a century. And you managed to fool people from other countries, luring them with your lurid promises of lots of money for all. Really DESPICABLE COUNTRY.
They've more in store for the World. Harking back to the medieval dark ages and having ordinary people live in myths and superstition (today called conspiracy). De crying science and bringing back flat earth. Education is ruined by indoctrination of the ruling classes. World needs to move forward into the future as a whole, not just a few! West, in general, is the backwards choice. The multipolar world will give us a counterbalance and route forward in warp speed.
@Truth above ALL if we can just get money out of politics. I think it would be the best first step. All else should fall in line. But they rather nuke us then give up their way of life.
@fndngnvrlnd I can't say you're wrong. But you know we Americans have feelings too! It's not us. It's the oligarchy running the show, with no care for any human life besides their influence and power. It's sad and maybe better for the world. These people are sick.
Thanks Radhika and Ben, for the eye opening discourse about imperialism and neoliberalism; especially the following quote which neatly sums up the American foreign policy. State Department planning head, George F. Kennan wrote in a confidential internal memo in 1948: ‘We have about 50% of the world’s wealth but only 6.3% of its population…Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security.’”
A serious and mature discussion driven by two individuals who feel deeply that we are all part of humanity. In short, this is a position that is diametrically opposed to the theory of being “chosen”. Radhika and Ben have a luminous aura.
Thanks both of you for this enlightening talk ...i love the other video of Prof Desai and Michael Hudson's...all of them are very good and easy to understand 👏👏👍👍🙏
Mr Ben Norton is dedicated towards providing the fundamental intellectual foundation for revolutionary socialism. His efforts in promoting critical political-economic thought is greatly appreciated. Prof Desai, Aaron Good, Prof Hudson, are some of the invaluable researchers Ben provides a platform for in his educational mission.
Thank you so much I am slowly becoming how. The world works because of the enormous effort people such as yourselves put into explaining such difficult things to the majority of us your videos are totally thought provoking
I think we should do anything to avoid any new cold war ! I mean its so destructive and useless as well as sign of stupidness that we should try to avoid this failure !
Yes, especially if the world continues in the multipolar world. The West has had it good but now it will suffer in ways it imposed on others. Kind of karmic justice that can't be controlled by subjugation.
This is another fantastic series. So much unpacking of history and a birds eye view of the development of economics. Also Joe Stiglitz made the argument that the "Asian Miracles" were not based on neoliberal economics as Ben alludes to.
It occurs to me after listening to this discussion that US objective in the Ukraine War has already been achieved. That is dislocating Europe from Russia and specifically Germany and making Europe more dependent on the US economically and more so militarily. I think when Macron declared NATO as brain dead, lights went out in Washington and Ukraine War was a foregone conclusion in Washington. Further, for those who plan lomg term in in Washinton, they could see Europe modifying its economic model to accommodate Russia and China. This became unaatenable in Washington and could no longer be stopped through the existing trading mechanisms but through shock therapy of war. Having said that, the outcome of the war to the American is therefore subsidiary.
The geopolitical economy perspective given by Professor Desai and Mr Norton on world events establishes socialism as the best protection from imperialism as recently demonstrated by covid-19 and proxy wars. European imperial capitalist philosophers when did modern economics as a separate entity from politics which has now been exposed as entirely inadequate whereas Marx has based socialism on geopolitical economics. Only now have I understood the superiority of Marxism over liberal capitalism in which the marxists themselves have failed to demonstrate.
3:25 the rest of the world (whoever that might be) can move on without america, and america will bark and whine but if everyone else just keeps moving forward america will be forced to change or self destruct.
It isn't as easy as just saying it, guy. Especially for those in smaller nations. Even nations as big as Russia and Iran have practical problems dealing with the entrenched western sanctions smh
@@rualablhor true enough but I'm just a spectator. I'm callin' it. america will have to change or it will cease to exist. and maybe take the rest of the world down with it (inciting nukelar😏 war).
History will plod forward. EmpireUSA descends into a moribund state. A multipolar world beckons and the era of the common person arrives. We in EmpireUSA will have less but will live in real communities, places that care about the people who live there. The transition will be difficult and challenging. We must endure.
Strange thought, 57:45 does this 1870's period when Neo-Capitalism was forming, we're these thinkers comprised mostly of Pasifits or early Narcissists?
Also Chinas role (,help’) in Sri Lanka & Montenegro and even in certain countries on the African continent is not perfect… I don’t know that much about it myself, but maybe you’ve looked into it yourself already… what I did read on the subject however was worrying & make me question a lot of things about China too…
Nobody resents the US because of their richness but only admires. But everybody resents its hegemony and its coercive and repressive and aggressive treatment of other countries.
Sometimes, when your such a high-level thinker on a topic, one can't see the flaw in even their own thinking resulting in devastating assumptions. Capitalism, per se, was never a 'success' as, from it's beginning, it always relied on unequal distribution of wealth based solely on nothing of substance at all; it was always based on exploitation of one human or a few, over many. Their is no 'success' in such a system, for exploitation always implies, intimidation, manipulation and violence. Any system that uses such methods to exist, by that very fact, is not a successful system. So, to say Capitalism has been 'successful' over the last hundreds of years is completely false. It never was a 'successful system' of organizing an economy as it was based on false assumptions - that is, that everything surrounding the Capitalist way of running an economy was 'natural' and 'Just,' when in fact it was indeed a never ending horror show of mass murder, called 'wars,' violence, intimidation and exploitation. That is not a 'success' in anyone's definition.
Not only that, how can these self-proclaimed leftys hail both China and Russia like they do? Neither of them countries are progressive. No trade unions are allowed, and neoliberal economics in both countries have creeated insane wealth disparaties. All children of Chinese elite study in the West.
@@borisnegrarosa9113 everything you said is wrong. That's why. Trade unions are mandatory in China. Just not independant ones. Check out the gini coefficient in China. Your ideas are decades out of date.
Capitalism was a success, in terms of building productive forces. Not in any moral way. It no longer is. Your question was literally answered directly in the prog.
@@antediluvianatheist5262 She was claiming that Capitalism WAS an enormous success. I am maintaining from day one, it never was successful at all - it was only successful if your were reaping the awards, and willing to accept that you were a destroyer of peoples, destroyer of the earth, destroyer of the human spirit and a 'legally sanctioned' mass murderer. What I am saying is that unless you agree with clinical psychopathy ruling the world, than 'Capitalism' could never be uttered in the same sentence as the word 'success.' At all. Ever.
This channel is so important. It fills a niche that hopefully will grow huge. That said, I just have to say that I really don't think China is socialist. It's obviously different from the West, but it isn't socialist. Lenin is turning over in his grave every time someone says that China is socialist.
It is greatly important that other countries not join in US Sanctions. Best thing for the world, to take away this cudgel, and on the contrary, work together for mutual benefit trust, etc.
Demographics of 1987 when Reagan imposed 100% tarriff on Japan ppl started favoring Japanese motorcycles; they used to call them crotch rockets. Young men favored Japanese motorcycles for a couple decades i think
Please remember that Czarist Russia & G. Britain were sparring all along European boundaries & around the Caucuses area in the 1800's. U$A is essentially the "offspring" of the British Empire, becoming its military arm after WW1& 2. The U$A expanded its own empire by acquiring Hawaii by violent overthrow & annexation, Puerto Rico, Philippines, Guam after Spanish war. In time, it essentially took over British Empire while obeying British rule, such as in India. The one aim of both is imperial, hegemonic, superiority. U$A relationship with China after "detente" was corporate. China to provide cheap labor so corporations could sell products cheaply around the world at a huge profit. How the Chinese leadership slipped out from under this yoke is a story that needs to be told! Example, my company builds a factory in China. My company provides all the materials necessary to fabricate my products. I fill the factory with Chinese workers producing for pennies on the dollar. I send these products back to U$A where my company sells them at great profit. How does China break out of this when hundreds of multi nat'l corporations have moved there for this? Finally, the economic boom in U$A during 50's & 60's appears to have been produced by massive industrial growth in all sectors. People retired with COMPANY pensions, not Social Security (though it was there for those without such jobs). The problem seems to have been the capitalists were addicted to war economy & therefore NEEDED the Korean war & all subsequent wars whether "won" or not. Most importantly needed the "arms race" fueled by "cold war" for endless production of extremely expensive weapons. It appears that capitalists are addicted to capital. At this time some analysts are mystified that money is being printed at an ever faster rate yet "liquidity" seems unavailable. When we look at the "repo market" we see vast stores of money simply waiting to be used for speculation. Why is it "sitting there" when it could be used to build infrastructure, create innovative factories, new forms of energy?
Everything she says with regards to Corona & China’s way of dealing with it, horrifies me… I really appreciate your channel & I’m a big fan but this is very strange…. I also would appreciate listening to criticism of China, on the same level you illustrate all the shortcomings of the west / northern hemisphere, which I totally agree with. Your research and way of showing with the help of documents & video material that you’re actually providing proof for your information is excellent…. But glorifying China is certainly not the best way of looking at the world. There is room for improvement on all sides. But that’s my opinion…
I've always said that right wing or left wing it doesn't matter they're the same bird 🕊️. That pic of the Bush's and Obamas and Clintons shows just that. That acting like they're political enemies but they on same side
Why does Desai separate Capitalism from Imperialism? Capitalism is inherently imperialist. Do I agree, therefore, that Imperialism reached its high point in 1915? No, of course not. Desai, as a Trotskyist, wants to attribute a limiting role for social democracy on imperialism rather than being a symptom of imperialism (enriching middle and working classes of the imperial core). Moreover, Desai observes a gradual progression from imperialism at its peak through social democracy to socialism. This attitude is what Marx described as describing the world rather than changing it. As a Trotskyist, Desai undermines the view that it is necessary to tackle capitalism/imperialism head on and the fact that when you do imperialism/capitalism will show its true violent nature.
@@teeldd Personally, I figure that HK, a British colony returned to China after the British 99 year lease expired, has been allowed time to adjust to being part of China again, and China is not a capitalist country. The CPC retains control over the “leading heights” of their economy, including ultimate control over land ownership and banking which it exercises to restrain capital and to not allow it free reign to displace the proper role of government. Countries where we have social democracy on the other hand are essentially part of the capitalist (“rules-based”) order which is virulently imperial in nature as their war against Russia and planned war against China demonstrate. Capitalist countries have no sovereignty, having ceded their sovereignty to capitalist forces. The difference between social democracy and ML communism is the emphasis the latter places on the leading role of the Party in preventing this from happening and explaining the need to fight against it to their people for the good of their people. It’s called the Dictatorship of the Proletariat and is against the dictatorship of capital. The name indicates the strong/ uncompromising position needed to resist capital seizure of the role of government which can be a very difficult thing to do in affluent societies whose citizenship benefit from the spoils of imperialism.
From Desai's book Capitalism, Coronavirus and War: "In its working, not only have socialist revolutions occurred as part of anti-imperialist struggles, but if working-class struggles were to issue in socialist revolutions in an imperialist country, they too would be faced with the might economic, political, financial and military-of the rest of the imperial world. It will have to fashion its own anti-imperialist politics. In these struggles, the bonds of solidarity with actually existing socialisms will be critical. These two failures-to prioritise a genuine international solidarity with anti-imperialist struggles and to construct socialism at home-are intimately connected. As Marx astutely remarks, ‘no nation that enslaves another can ever itself be free’. The social democratic fantasy of building socialism in the ‘advanced’ countries while giving their own ruling classes carte blanche for every kind of barbarism abroad is not only morally repugnant but practically disastrous, as a hundred years of history have taught us. It follows that the working and popular movements of all countries will have to fashion their own genuinely anti-imperialist politics. In this struggle, the bonds of solidarity with actually existing socialisms will be critical. This leads us to a further aspect of the centrality of anti-imperialism to the worldwide struggle for socialism." Chapter 8: Conclusion: What is to be done? Section: Class and left politics today Sub-Section: The left, nations, and anti-imperialism 228-229 pg
Unfortunately this is way above the average americans attention span and intellect. They will only learn when the pain gets too unbearable. thats when change will take place.
While no one can fault the empiricism and essential truth of your analysis, both, the logical conclusion to be derived therein is that the collapse of capitalism and its imperialistic predilections in the US and Europe or even globally, will lead, invariably, to a more just and equitable global order- eventually. The fact that a parallel, organized and institutionalized global system of power relationship that is based on racism and white supremacy does not exist in your mind and has no place in your system of thinking. It is a myth and a fallacy, with a certain degree of romanticism in the sort of axiology you apply to your ideological and political positions. If tomorrow the so- called collective west is transformed to a socialist nirvana, the essential nature, characteristics and dynamics of global white supremacy will remain intact. It’s a human condition entrenched, nursed and cultivated consciously. And I’m not talking of individual or social racists behavior but a global system impacting every single aspect of human life and activities. Historical Materialist sociology of knowledge is no excuse to ignore and refuse to study this phenomenon, relegating it, as most Marxist do, to a mere social tool of manipulation. Was the reality and experience of euro- communism or the Soviet Union totally forgotten or irrelevant? Is no one paying attention to the emerging social triumphalism and sometimes supreme contempt observable in certain sections of the Chinese society subsequent to the emergence of China as a global player? For how long should we remain the ostrich with our heads buried in the sand in our dogmatic pursuit of a puritan creed?
"This wasn't Marx's problem, this was Ricardo's problem but since these ppl are more Ricardians than they are Marxists they stick this on Marx" LMAOOOO Yes Radhika get it!! hahaha
We Russians suffered terribly under socialism, we Russians suffered under communism, we Russians suffered under Marxism, we Russians suffered under Marxism. And we suffered equally terribly under American CRONY OLIGARCHIAL CAPITALISM which is the opposite the REAL American System Of Political Economy under the system of Free Enterprising Entrepreneurial Fair Trade Market System and under the guidance of the ORIGINAL FDR Regulatory Economic Capitalistic System of Regulatory Economy Principles and Concepts and Precepts. The ORIGINAL FDR Regulatory Economic Capitalistic System of Regulatory Economy was sabotaged by the wave of young liberals. Bill Clinton among them, destroyed the populist Democratic Party they had inherited from the New Dealers of the 1930s. The contours of this ideological fight were complex, but the gist was: Before the 70s, the Democrats were suspicious of big business. They used anti-monopoly policies to fight oligarchy and financial manipulation. Creating competition in open markets, breaking up concentrations of private power, and protecting labor and farmer rights were understood as the essence of ensuring that our commercial society was democratic and protected from big money. What we Russians did is we studied the REAL American System Of Political Economy under the system of Free Enterprising Entrepreneurial Fair Trade Market System and under the guidance of the ORIGINAL FDR Regulatory Economic Capitalistic System of Regulatory Economy Principles and Concepts and Precepts. And guided by all of this, we created a Russian Federation form of REGULATORY ECONOMY protected by Fair Trade Market systems of Regulatory Tariffs modified to meet genuine Russian needs. In short, we are using Capitalism to regulate Capitalism. In effect we have policies that uses the positive side of Capitalism to keep in check the negative side of Capitalism, FDR style. We encourage private Entrepreneurial Capitalism which is the opposite of Crony Capitalism. We also encourage small industries and allow these small industries to form temporary industrial cooperatives in which they are allowed to pool and share their resources together in order to reach an objective and share the results with each other. Afterward they will separate and go their own ways and what they do with their shared results is their own business. In this way, small industries and small corporations are allowed to form temporary cooperatives UNDER THE ANTI-TRUST ACT which is given a lot of power and enforcement capabilities-abilities-capacities with a lot of by laws to prevent any loopholes from being illegally taken advantage of any disadvantages and is constantly upgraded to meet the signs of the time as industrial technologies and scientific-engineering progressively advances. This is only allowed so as to PREVENT MONOPOLIES, CONGLOMERIZATION, MERGERS, ACQUISITIONS, CORPORATE INTER-OWNERSHIPS, CARTELIZATIONS, OLIGOPOLIES, PATENT EVERGREENING, INDIRECT PATENT INFRINGEMENTS (AS WAS CRIMINALLY DONE BY THE GUILTY AMAZON OF EVIL JEEF BEZO), CUT THROAT COMPETITON-COERCION (AS WAS CRIMINALLY DONE BY THE GUILTY MICROSOFT OF EVIL BILL GATES THE BASTARD) and many others which are constantly being added in our list as business malpractices and corporate malpractices which are not allowed by Russian laws. And are all HEAVILY REGULATED BUT NEVER OVER-REGULATED. Regulated FAIR competition is allowed without any hidden rigging of the economic competitive game of the Fair Trade Market system which is also heavily polices against any behind underhanded deals. The real problem was caused way back in the late 1960s and early 1970s. In the 1970s , a wave of young liberals. Bill Clinton among them, destroyed the populist Democratic Party they had inherited from the New Dealers of the 1930s. The contours of this ideological fight were complex, but the gist was: Before the 70s, the Democrats were suspicious of big business. They used anti-monopoly policies to fight oligarchy and financial manipulation. Creating competition in open markets, breaking up concentrations of private power, and protecting labor and farmer rights were understood as the essence of ensuring that our commercial society was democratic and protected from big money. THE DEMOCRATIC PARTY OF TODAY IS NO LONGER THE SAME DEMOCRATIC PARTY OF YOUR GRANDPARENTS TIME AND GREAT-GRANDPARENTS TIME. Even the Republican Party has been corrupted also. The evil communists and evil socialists and progressives and leftists and liberals are just as corrupt and incompetent and all are just an another form of EVIL OLIGARCHIAL POLITICAL PARTY in an another form that wants wealth only for themselves at the expense of others. Just look at the former Soviet Union, only the Party Elites and Communist Party Members Elites are enjoying luxurious lifestyles while the rest of the Soviet people has even to wait in line just to buy bread or soap or butter or milk and meat and what-have-you AND EVEN ALL OF THESE ARE ALL RATIONED! By the way I should know, I am Russian. You do not have a regulated free enterprising entrepreneurial capitalism protected by tariffs. What you have now is a Crony Socialistic Welfare For The Oligarchial Elites Crony-Monopolistic-Cartelistic-Oligopolistic Capitalistic System! In Russia everything is like FDR's REGULATED AND HEAVILY POLICED Free-Enterprising Entrepreneurial Capitalism. Any oligarchs or communists left behind are subject under 24-7 surveillance by President Putin. Unfortunately your so-called Free Press is no longer a realistic free press but are propaganda mouthpieces of the very wealthy oligarchial elites who are now desperately trying to maintain their Crony Socialistic Welfare For The Oligarchial Elites Crony-Monopolistic-Cartelistic-Oligopolistic Capitalistic System which they have used to rigged America's economic system to be in favor only for them at the expense of anybody and everybody else.
Nope. The Soviet Union was a nation state existing for it's own sake under the context of global Capitalism, especially after WWII. The socialist experiment was abandoned the day after Lenin died, and you are a ridiculous fool for being from Russia and existing in ignorance of this fact.
There's lots of deserved criticism of modern capitalism, which even many proponents of capitalism will agree with, but what is it that you propose? Socialism? Marxism? Communism? Is "historical materialism" also an essential component?
Well it's overall the fact that the issue with any system is how it's implemented and what benefits it brings, capitalism is based on the fact that any person regardless of class will be able to obtain a higher position of power while socialist or communism bases itself on people having equal positions and for them to govern certain rules and regulations and does not have people ascend a higher position unless they are fully qualified and dedicated towards it and not just solely for gaining power like it's in the west where politicians are crooked enough to recklessly use their power without thinking twice, China and Russia with the system they have is implemented based on what they know from history and socio-economical successes and how it works in tune with their culture and ones lifestyles and economically too which the west certainly lacks and tries to force it's system onto other countries which have different doctrines and cultural methods on how they could implement their system and ends up being incompatible and a mess, eg- capitalism or communism may work in some countries but not all as the west has people believe and really under that guise the west has only managed to ruin or desecrate entire countries and their economy due to how their system is implemented on nations which are completely incompatible like with Venezuela or Nicaragua in the past or various other Asian countries like India or even China to a certain extent in the past which they had changed their system entirely, any system as long as they are implemented properly would be successful and what matters is countries which respect the ideology or systems that others have and fix their problems instead of doing it for others like the west is doing
Socialism is a broader term encompassing Marxism and Anarchism as the main two, and a number of other types of socialism that have been theorized. Communism is the long term goal of socialism. Communism refers to a classless, stateless, moneyless society. Historical materialism is more of a tool and framework to analyze and understand current society and how history led to the current society. It's mostly used by Marxists but some Anarchists and other socialists use it as well. From listening to the things Ben has put out, he seems to loosely prescribe to Marxism-Leninism.
@@Layd36 obviously, you don't have a clue about capitalism or socialism. You have an opinion, a stupid one , but just an opinion. Maybe try learning the basic definitions first before offering up your flawed philosophy.
Socialism, Marxism and communism are basically all the same thing. Communism is the goal, socialism is the path and Marxism is the scientific analysis of the economy that makes it all work.
@@Layd36 Thanks for your reply. In my view, capitalism is essentially a market-based system that uses monetary price signals that is supposed to reflect economic supply and demand with the assumption that satisfying demand is socially good and desirable. In terms of implementation, of course, this can be varied, with outcomes that range from benign to imperialistic and terrible, with externalities that destroy environment and communities, and corruption and market manipulation that distort price signals as well as market supply and demand. Socialism/communism, on the other hand, suggests a strong government role in the marketplace, from a little to a lot. It can be minor in the form of wealth transference to the most needy, to a lot, where price signals are eliminated altogether and supply is determined by bureaucratic diktat. Ideologically, it can be relatively neutral to very opinionated. Communism, for example, seems to be by definition a Marxist oriented system. You mentioned China and Russia together. But I don't think Russia professes socialism/communism in any way today. China seems to espouse "socialism with Chinese characteristics," which in practical terms, is a market based system moderated by a socialist oriented central government. American/Western "capitalism" today is a gross mixture of market-based economics, corporatism, financialism, and militant imperialism. It is a political system dominated by powerful lobbies and economically managed by central bankers and neoliberal bureaucrats with a view to making the rich richer. Most students of Adam Smith and free markets should be appalled by it, needless to say.
She is a professor, professors are paid to talk. Besides research their job is to tell people what they've found. What would you have her do, sign language ? Sheeesh, if you don't like people talking that's easy to fix, go and watch a silent movie.
Thank you , Mr. Ben Norton and Ms. Radhika Desai. 👍👍
Thank you so much 🙏🏾 for such an important work. Peoples of the world 🟥, unite against the tiranic capitalism.
Radhika mentioned that the cold war with China started in 2020. Okay maybe the invasion part of a way was in 2020. But the planning stage started in 2008. With the financial collapse and what Beijing did and pulled off during the Olympics Opening Ceremony opened western eyes. The sheer scale of production and how it was so synchronized speaks volumes about the country's capabilities. In another word, the opening ceremony scared the bejeezus out of the west - the high tech to synchronize thousands of people. And it was around then that Putin and China really started their partnership for a multipolar world.
It's not so important, but it started imo around Obama pivot to Asia around 2011/12? But sure, it's more a continuum and I do recall the '08 Beijing Olympics and, certainly, it was a part while the US was dealing with the '08/09 crash. I'd say China wasn't accelerating fast until maybe ~2012/3, at least on the ground...
The rise of China's economy while being ruled by 'communism' seems unpalatable to the capitalist West.
@@ALIEN_857 if one really think about it...both China and the US/west are socialists, but are on the opposite end of the spectrum... The CPC favors the populous while the US favors the wealthy elites while punishing the world...the whole capitalist vs communist is but theatre and propaganda really.
She's one of the most fantastic lady. Respect
Repent and purge your mind from dirty thoughts. You too, Anna.
Really have a dim outlook on my country now. Glad tho, better than living in absolute abyss and world of propaganda that we are introduced to daily, here in the west. Wish more people would open their eyes and see and inspire some real change! Good work.
Same here US broke my heart ♥️ but I don’t want to live in propaganda either
It's SHOCKING how COMPLETE the brainwashing is with US citizens.
I guess all immigrants are DESPERATE to cling on to the FRAUD that is the American Dream and unlimited wealth.
What a totally FRAUD civilization.
You people are and have been totally OUT OF TOUCH WITH REALITY for a century.
And you managed to fool people from other countries, luring them with your lurid promises of lots of money for all.
Really DESPICABLE COUNTRY.
They've more in store for the World. Harking back to the medieval dark ages and having ordinary people live in myths and superstition (today called conspiracy).
De crying science and bringing back flat earth.
Education is ruined by indoctrination of the ruling classes.
World needs to move forward into the future as a whole, not just a few!
West, in general, is the backwards choice. The multipolar world will give us a counterbalance and route forward in warp speed.
@Truth above ALL if we can just get money out of politics. I think it would be the best first step. All else should fall in line. But they rather nuke us then give up their way of life.
@fndngnvrlnd I can't say you're wrong. But you know we Americans have feelings too! It's not us. It's the oligarchy running the show, with no care for any human life besides their influence and power. It's sad and maybe better for the world. These people are sick.
Thank you for this series Ben ☺️ she's amazing 👍❤️
This channel and others should be way more popular. Great content 👍
Ben,thanks for such a wonderful human being and great scholar
Another fantastic series... grateful for these stellar offerings, Ben!
Thanks Radhika and Ben, for the eye opening discourse about imperialism and neoliberalism; especially the following quote which neatly sums up the American foreign policy.
State Department planning head, George F. Kennan wrote in a confidential internal memo in 1948:
‘We have about 50% of the world’s wealth but only 6.3% of its population…Our real task in the coming period is to devise a pattern of relationships which will permit us to maintain this position of disparity without positive detriment to our national security.’”
They can only do that by lying, cheating and killing.
omg. I was in Radhika's section for political studies at Queen's about 30 years ago! She was a tutorial assistant back then.
Still looking great!
Excellent programing!
Ben, thank you very much.
Also, a Big Thank You to Dr. Radhika Desai for the lecture and book.
A serious and mature discussion driven by two individuals who feel deeply that we are all part of humanity. In short, this is a position that is diametrically opposed to the theory of being “chosen”. Radhika and Ben have a luminous aura.
Thank you. 🌞🖖🏼✌🏼Best wishes.
Thanks both of you for this enlightening talk ...i love the other video of Prof Desai and Michael Hudson's...all of them are very good and easy to understand 👏👏👍👍🙏
Mr Ben Norton is dedicated towards providing the fundamental intellectual foundation for revolutionary socialism. His efforts in promoting critical political-economic thought is greatly appreciated. Prof Desai, Aaron Good, Prof Hudson, are some of the invaluable researchers Ben provides a platform for in his educational mission.
Great stuff Ben and Radika, thank you both.
Great to see Ben joined by Prof Desai!
thank you, great program. The historic role of capitalist is in decline in the West. Finance capital is non productive
Thank you!
❤❤❤
🌞🫶🏼🖖🏼 Thank you. Best wishes.
Thank you both!!
Fantastic discussions 👏👍
Thank you so much
I am slowly becoming how. The world works because of the enormous effort people such as yourselves put into explaining such difficult things to the majority of us your videos are totally thought provoking
GREAT BOOK !!!!!!!!!!!!
Thank you both!
Thanks for this series, it's a real pleasure to listen to Prof Desai.
Great series,thank you.
Millions should b watching this I’ve been sharing ur channel w as many people as possible but on twitter the algos prefer establishment apologists
Radhika Desai is a great voice for the left. It's important for us to evolve our thinking and not stagnate on our understanding of capitalism.
Great clarity by Radhika
I think we should do anything to avoid any new cold war ! I mean its so destructive and useless as well as sign of stupidness that we should try to avoid this failure !
Yes, especially if the world continues in the multipolar world. The West has had it good but now it will suffer in ways it imposed on others. Kind of karmic justice that can't be controlled by subjugation.
@@pausereflect5911 Well yes there is a power shift since abt 35 years from West to East. Nobody cant stop that.
@@christianhegemann1911 Yes and we need to play our part to ensure a just world going forwards. No Hegemony ever.
This is another fantastic series. So much unpacking of history and a birds eye view of the development of economics. Also Joe Stiglitz made the argument that the "Asian Miracles" were not based on neoliberal economics as Ben alludes to.
keep up the good work!
Good Joint effort for the Truth ❤️❤️❤️
It occurs to me after listening to this discussion that US objective in the Ukraine War has already been achieved. That is dislocating Europe from Russia and specifically Germany and making Europe more dependent on the US economically and more so militarily. I think when Macron declared NATO as brain dead, lights went out in Washington and Ukraine War was a foregone conclusion in Washington. Further, for those who plan lomg term in in Washinton, they could see Europe modifying its economic model to accommodate Russia and China. This became unaatenable in Washington and could no longer be stopped through the existing trading mechanisms but through shock therapy of war.
Having said that, the outcome of the war to the American is therefore subsidiary.
Popular educators in the very concept! I wonder why this channel it's not in the millions...
The geopolitical economy perspective given by Professor Desai and Mr Norton on world events establishes socialism as the best protection from imperialism as recently demonstrated by covid-19 and proxy wars. European imperial capitalist philosophers when did modern economics as a separate entity from politics which has now been exposed as entirely inadequate whereas Marx has based socialism on geopolitical economics. Only now have I understood the superiority of Marxism over liberal capitalism in which the marxists themselves have failed to demonstrate.
3:25 the rest of the world (whoever that might be) can move on without america, and america will bark and whine but if everyone else just keeps moving forward america will be forced to change or self destruct.
It isn't as easy as just saying it, guy. Especially for those in smaller nations. Even nations as big as Russia and Iran have practical problems dealing with the entrenched western sanctions smh
@@rualablhor then I guess everyone can keep being america's bitch
@@troywalkertheprogressivean8433 Haha, what did I expect from a "progressive Anarcho Communist" Sure, it's either black or white😉
@@rualablhor true enough but I'm just a spectator. I'm callin' it. america will have to change or it will cease to exist. and maybe take the rest of the world down with it (inciting nukelar😏 war).
“SELF DESTRUCT” will be preferable. The world will NEVER be safe as long as the imperial pig war criminal terrorist USA is alive
Ben Norten doing vital work👏🙏✊
Comment around 23 minutes: US is currently experiencing a lowering of age expectancy, though not nearly as extreme as what Russia endured.
History will plod forward. EmpireUSA descends into a moribund state. A multipolar world beckons and the era of the common person arrives. We in EmpireUSA will have less but will live in real communities, places that care about the people who live there. The transition will be difficult and challenging. We must endure.
Strange thought, 57:45 does this 1870's period when Neo-Capitalism was forming, we're these thinkers comprised mostly of Pasifits or early Narcissists?
the dark side of capitalism.😃😃😃
She really does make it clear that austerity is murder!
The EMPIRE OF LIES, CHAOS AND DEATH.
that thumbnail pic on the left straight up makes me want to throw up
It'll give me nightmares. 😟
bro you are doing very good job and i think you should cover G20 as well.
Also Chinas role (,help’) in Sri Lanka & Montenegro and even in certain countries on the African continent is not perfect… I don’t know that much about it myself, but maybe you’ve looked into it yourself already… what I did read on the subject however was worrying & make me question a lot of things about China too…
Nobody resents the US because of their richness but only admires. But everybody resents its hegemony and its coercive and repressive and aggressive treatment of other countries.
🙌
what a beautiful woman xx
Brics needs to get more members and give nato a piece of there own medicine
Sometimes, when your such a high-level thinker on a topic, one can't see the flaw in even their own thinking resulting in devastating assumptions. Capitalism, per se, was never a 'success' as, from it's beginning, it always relied on unequal distribution of wealth based solely on nothing of substance at all; it was always based on exploitation of one human or a few, over many. Their is no 'success' in such a system, for exploitation always implies, intimidation, manipulation and violence. Any system that uses such methods to exist, by that very fact, is not a successful system. So, to say Capitalism has been 'successful' over the last hundreds of years is completely false. It never was a 'successful system' of organizing an economy as it was based on false assumptions - that is, that everything surrounding the Capitalist way of running an economy was 'natural' and 'Just,' when in fact it was indeed a never ending horror show of mass murder, called 'wars,' violence, intimidation and exploitation. That is not a 'success' in anyone's definition.
Not only that, how can these self-proclaimed leftys hail both China and Russia like they do? Neither of them countries are progressive. No trade unions are allowed, and neoliberal economics in both countries have creeated insane wealth disparaties. All children of Chinese elite study in the West.
seem to be conflating success with some kind of morality.
@@borisnegrarosa9113 everything you said is wrong. That's why.
Trade unions are mandatory in China. Just not independant ones.
Check out the gini coefficient in China.
Your ideas are decades out of date.
Capitalism was a success, in terms of building productive forces.
Not in any moral way.
It no longer is.
Your question was literally answered directly in the prog.
@@antediluvianatheist5262 She was claiming that Capitalism WAS an enormous success. I am maintaining from day one, it never was successful at all - it was only successful if your were reaping the awards, and willing to accept that you were a destroyer of peoples, destroyer of the earth, destroyer of the human spirit and a 'legally sanctioned' mass murderer. What I am saying is that unless you agree with clinical psychopathy ruling the world, than 'Capitalism' could never be uttered in the same sentence as the word 'success.' At all. Ever.
I'm tired off being lied to. Putting faith behind a lie is a small death suffered. A bleeding , slow and agonizing.
👏👏👏✌️
This channel is so important. It fills a niche that hopefully will grow huge. That said, I just have to say that I really don't think China is socialist. It's obviously different from the West, but it isn't socialist. Lenin is turning over in his grave every time someone says that China is socialist.
China adopted communism. Communism changed China. China changed communism, as Deng so brilliantly put it, "Socialism with Chinese characteristics."
It is greatly important that other countries not join in US Sanctions. Best thing for the world, to take away this cudgel, and on the contrary, work together for mutual benefit trust, etc.
Demographics of 1987 when Reagan imposed 100% tarriff on Japan ppl started favoring Japanese motorcycles; they used to call them crotch rockets. Young men favored Japanese motorcycles for a couple decades i think
Please remember that Czarist Russia & G. Britain were sparring all along European boundaries & around the Caucuses area in the 1800's. U$A is essentially the "offspring" of the British Empire, becoming its military arm after WW1& 2. The U$A expanded its own empire by acquiring Hawaii by violent overthrow & annexation, Puerto Rico, Philippines, Guam after Spanish war. In time, it essentially took over British Empire while obeying British rule, such as in India. The one aim of both is imperial, hegemonic, superiority.
U$A relationship with China after "detente" was corporate. China to provide cheap labor so corporations could sell products cheaply around the world at a huge profit. How the Chinese leadership slipped out from under this yoke is a story that needs to be told! Example, my company builds a factory in China. My company provides all the materials necessary to fabricate my products. I fill the factory with Chinese workers producing for pennies on the dollar. I send these products back to U$A where my company sells them at great profit. How does China break out of this when hundreds of multi nat'l corporations have moved there for this?
Finally, the economic boom in U$A during 50's & 60's appears to have been produced by massive industrial growth in all sectors. People retired with COMPANY pensions, not Social Security (though it was there for those without such jobs). The problem seems to have been the capitalists were addicted to war economy & therefore NEEDED the Korean war & all subsequent wars whether "won" or not. Most importantly needed the "arms race" fueled by "cold war" for endless production of extremely expensive weapons.
It appears that capitalists are addicted to capital. At this time some analysts are mystified that money is being printed at an ever faster rate yet "liquidity" seems unavailable. When we look at the "repo market" we see vast stores of money simply waiting to be used for speculation. Why is it "sitting there" when it could be used to build infrastructure, create innovative factories, new forms of energy?
How come he changed his channel name from Multipolarista to geopolitics economy report?
Because that's the name of her book, and the program she does with Michael Hiudson.
Everything she says with regards to Corona & China’s way of dealing with it, horrifies me… I really appreciate your channel & I’m a big fan but this is very strange…. I also would appreciate listening to criticism of China, on the same level you illustrate all the shortcomings of the west / northern hemisphere, which I totally agree with. Your research and way of showing with the help of documents & video material that you’re actually providing proof for your information is excellent…. But glorifying China is certainly not the best way of looking at the world. There is room for improvement on all sides. But that’s my opinion…
A defanged monster is a sorry freak show
I've always said that right wing or left wing it doesn't matter they're the same bird 🕊️. That pic of the Bush's and Obamas and Clintons shows just that. That acting like they're political enemies but they on same side
Right and left are not the same.
US dems and UK labour are both right wing.
Why does Desai separate Capitalism from Imperialism? Capitalism is inherently imperialist.
Do I agree, therefore, that Imperialism reached its high point in 1915? No, of course not.
Desai, as a Trotskyist, wants to attribute a limiting role for social democracy on imperialism rather than being a symptom of imperialism (enriching middle and working classes of the imperial core).
Moreover, Desai observes a gradual progression from imperialism at its peak through social democracy to socialism. This attitude is what Marx described as describing the world rather than changing it. As a Trotskyist, Desai undermines the view that it is necessary to tackle capitalism/imperialism head on and the fact that when you do imperialism/capitalism will show its true violent nature.
I don't think capitalism is inherently imperialist. Hong Kong doesn't show imperial tendencies. Imperialism is capitalism + cupidity.
@@teeldd Personally, I figure that HK, a British colony returned to China after the British 99 year lease expired, has been allowed time to adjust to being part of China again, and China is not a capitalist country. The CPC retains control over the “leading heights” of their economy, including ultimate control over land ownership and banking which it exercises to restrain capital and to not allow it free reign to displace the proper role of government. Countries where we have social democracy on the other hand are essentially part of the capitalist (“rules-based”) order which is virulently imperial in nature as their war against Russia and planned war against China demonstrate. Capitalist countries have no sovereignty, having ceded their sovereignty to capitalist forces. The difference between social democracy and ML communism is the emphasis the latter places on the leading role of the Party in preventing this from happening and explaining the need to fight against it to their people for the good of their people. It’s called the Dictatorship of the Proletariat and is against the dictatorship of capital. The name indicates the strong/ uncompromising position needed to resist capital seizure of the role of government which can be a very difficult thing to do in affluent societies whose citizenship benefit from the spoils of imperialism.
From Desai's book Capitalism, Coronavirus and War:
"In its working, not only have socialist revolutions occurred as part of anti-imperialist struggles, but if working-class struggles were to issue in socialist
revolutions in an imperialist country, they too would be faced with the might economic, political, financial and military-of the rest of the imperial world. It
will have to fashion its own anti-imperialist politics. In these struggles, the bonds of solidarity with actually existing socialisms will be critical.
These two failures-to prioritise a genuine international solidarity with anti-imperialist struggles and to construct socialism at home-are intimately connected. As Marx astutely remarks, ‘no nation that enslaves another can ever itself be free’. The social democratic fantasy of building socialism in the ‘advanced’
countries while giving their own ruling classes carte blanche for every kind of barbarism abroad is not only morally repugnant but practically disastrous, as a
hundred years of history have taught us. It follows that the working and popular movements of all countries will have
to fashion their own genuinely anti-imperialist politics. In this struggle, the bonds of solidarity with actually existing socialisms will be critical. This leads us
to a further aspect of the centrality of anti-imperialism to the worldwide struggle for socialism."
Chapter 8: Conclusion: What is to be done?
Section: Class and left politics today
Sub-Section: The left, nations, and anti-imperialism
228-229 pg
Unfortunately this is way above the average americans attention span and intellect. They will only learn when the pain gets too unbearable. thats when change will take place.
While no one can fault the empiricism and essential truth of your analysis, both, the logical conclusion to be derived therein is that the collapse of capitalism and its imperialistic predilections in the US and Europe or even globally, will lead, invariably, to a more just and equitable global order- eventually. The fact that a parallel, organized and institutionalized global system of power relationship that is based on racism and white supremacy does not exist in your mind and has no place in your system of thinking. It is a myth and a fallacy, with a certain degree of romanticism in the sort of axiology you apply to your ideological and political positions. If tomorrow the so- called collective west is transformed to a socialist nirvana, the essential nature, characteristics and dynamics of global white supremacy will remain intact. It’s a human condition entrenched, nursed and cultivated consciously. And I’m not talking of individual or social racists behavior but a global system impacting every single aspect of human life and activities. Historical Materialist sociology of knowledge is no excuse to ignore and refuse to study this phenomenon, relegating it, as most Marxist do, to a mere social tool of manipulation. Was the reality and experience of euro- communism or the Soviet Union totally forgotten or irrelevant? Is no one paying attention to the emerging social triumphalism and sometimes supreme contempt observable in certain sections of the Chinese society subsequent to the emergence of China as a global player? For how long should we remain the ostrich with our heads buried in the sand in our dogmatic pursuit of a puritan creed?
"This wasn't Marx's problem, this was Ricardo's problem but since these ppl are more Ricardians than they are Marxists they stick this on Marx" LMAOOOO Yes Radhika get it!! hahaha
58:30 a true Marxist would use Linux not Microsoft Windows 😂
We Russians suffered terribly under socialism, we Russians suffered under communism, we Russians suffered under Marxism, we Russians suffered under Marxism. And we suffered equally terribly under American CRONY OLIGARCHIAL CAPITALISM which is the opposite the REAL American System Of Political Economy under the system of Free Enterprising Entrepreneurial Fair Trade Market System and under the guidance of the ORIGINAL FDR Regulatory Economic Capitalistic System of Regulatory Economy Principles and Concepts and Precepts. The ORIGINAL FDR Regulatory Economic Capitalistic System of Regulatory Economy was sabotaged by the wave of young liberals. Bill Clinton among them, destroyed the populist Democratic Party they had inherited from the New Dealers of the 1930s. The contours of this ideological fight were complex, but the gist was: Before the 70s, the Democrats were suspicious of big business. They used anti-monopoly policies to fight oligarchy and financial manipulation. Creating competition in open markets, breaking up concentrations of private power, and protecting labor and farmer rights were understood as the essence of ensuring that our commercial society was democratic and protected from big money.
What we Russians did is we studied the REAL American System Of Political Economy under the system of Free Enterprising Entrepreneurial Fair Trade Market System and under the guidance of the ORIGINAL FDR Regulatory Economic Capitalistic System of Regulatory Economy Principles and Concepts and Precepts. And guided by all of this, we created a Russian Federation form of REGULATORY ECONOMY protected by Fair Trade Market systems of Regulatory Tariffs modified to meet genuine Russian needs.
In short, we are using Capitalism to regulate Capitalism. In effect we have policies that uses the positive side of Capitalism to keep in check the negative side of Capitalism, FDR style. We encourage private Entrepreneurial Capitalism which is the opposite of Crony Capitalism.
We also encourage small industries and allow these small industries to form temporary industrial cooperatives in which they are allowed to pool and share their resources together in order to reach an objective and share the results with each other. Afterward they will separate and go their own ways and what they do with their shared results is their own business. In this way, small industries and small corporations are allowed to form temporary cooperatives UNDER THE ANTI-TRUST ACT which is given a lot of power and enforcement capabilities-abilities-capacities with a lot of by laws to prevent any loopholes from being illegally taken advantage of any disadvantages and is constantly upgraded to meet the signs of the time as industrial technologies and scientific-engineering progressively advances. This is only allowed so as to PREVENT MONOPOLIES, CONGLOMERIZATION, MERGERS, ACQUISITIONS, CORPORATE INTER-OWNERSHIPS, CARTELIZATIONS, OLIGOPOLIES, PATENT EVERGREENING, INDIRECT PATENT INFRINGEMENTS (AS WAS CRIMINALLY DONE BY THE GUILTY AMAZON OF EVIL JEEF BEZO), CUT THROAT COMPETITON-COERCION (AS WAS CRIMINALLY DONE BY THE GUILTY MICROSOFT OF EVIL BILL GATES THE BASTARD) and many others which are constantly being added in our list as business malpractices and corporate malpractices which are not allowed by Russian laws. And are all HEAVILY REGULATED BUT NEVER OVER-REGULATED. Regulated FAIR competition is allowed without any hidden rigging of the economic competitive game of the Fair Trade Market system which is also heavily polices against any behind underhanded deals.
The real problem was caused way back in the late 1960s and early 1970s. In the 1970s , a wave of young liberals. Bill Clinton among them, destroyed the populist Democratic Party they had inherited from the New Dealers of the 1930s. The contours of this ideological fight were complex, but the gist was: Before the 70s, the Democrats were suspicious of big business. They used anti-monopoly policies to fight oligarchy and financial manipulation. Creating competition in open markets, breaking up concentrations of private power, and protecting labor and farmer rights were understood as the essence of ensuring that our commercial society was democratic and protected from big money.
THE DEMOCRATIC PARTY OF TODAY IS NO LONGER THE SAME DEMOCRATIC PARTY OF YOUR GRANDPARENTS TIME AND GREAT-GRANDPARENTS TIME. Even the Republican Party has been corrupted also. The evil communists and evil socialists and progressives and leftists and liberals are just as corrupt and incompetent and all are just an another form of EVIL OLIGARCHIAL POLITICAL PARTY in an another form that wants wealth only for themselves at the expense of others.
Just look at the former Soviet Union, only the Party Elites and Communist Party Members Elites are enjoying luxurious lifestyles while the rest of the Soviet people has even to wait in line just to buy bread or soap or butter or milk and meat and what-have-you AND EVEN ALL OF THESE ARE ALL RATIONED! By the way I should know, I am Russian.
You do not have a regulated free enterprising entrepreneurial capitalism protected by tariffs. What you have now is a Crony Socialistic Welfare For The Oligarchial Elites Crony-Monopolistic-Cartelistic-Oligopolistic Capitalistic System! In Russia everything is like FDR's REGULATED AND HEAVILY POLICED Free-Enterprising Entrepreneurial Capitalism.
Any oligarchs or communists left behind are subject under 24-7 surveillance by President Putin. Unfortunately your so-called Free Press is no longer a realistic free press but are propaganda mouthpieces of the very wealthy oligarchial elites who are now desperately trying to maintain their Crony Socialistic Welfare For The Oligarchial Elites Crony-Monopolistic-Cartelistic-Oligopolistic Capitalistic System which they have used to rigged America's economic system to be in favor only for them at the expense of anybody and everybody else.
No, you didn't.
Everything you complained about was so called aoxialism, not actually being socialist.
Nope. The Soviet Union was a nation state existing for it's own sake under the context of global Capitalism, especially after WWII. The socialist experiment was abandoned the day after Lenin died, and you are a ridiculous fool for being from Russia and existing in ignorance of this fact.
Chinese Propaganda
There's lots of deserved criticism of modern capitalism, which even many proponents of capitalism will agree with, but what is it that you propose? Socialism? Marxism? Communism? Is "historical materialism" also an essential component?
Well it's overall the fact that the issue with any system is how it's implemented and what benefits it brings, capitalism is based on the fact that any person regardless of class will be able to obtain a higher position of power while socialist or communism bases itself on people having equal positions and for them to govern certain rules and regulations and does not have people ascend a higher position unless they are fully qualified and dedicated towards it and not just solely for gaining power like it's in the west where politicians are crooked enough to recklessly use their power without thinking twice, China and Russia with the system they have is implemented based on what they know from history and socio-economical successes and how it works in tune with their culture and ones lifestyles and economically too which the west certainly lacks and tries to force it's system onto other countries which have different doctrines and cultural methods on how they could implement their system and ends up being incompatible and a mess, eg- capitalism or communism may work in some countries but not all as the west has people believe and really under that guise the west has only managed to ruin or desecrate entire countries and their economy due to how their system is implemented on nations which are completely incompatible like with Venezuela or Nicaragua in the past or various other Asian countries like India or even China to a certain extent in the past which they had changed their system entirely, any system as long as they are implemented properly would be successful and what matters is countries which respect the ideology or systems that others have and fix their problems instead of doing it for others like the west is doing
Socialism is a broader term encompassing Marxism and Anarchism as the main two, and a number of other types of socialism that have been theorized. Communism is the long term goal of socialism. Communism refers to a classless, stateless, moneyless society. Historical materialism is more of a tool and framework to analyze and understand current society and how history led to the current society. It's mostly used by Marxists but some Anarchists and other socialists use it as well.
From listening to the things Ben has put out, he seems to loosely prescribe to Marxism-Leninism.
@@Layd36 obviously, you don't have a clue about capitalism or socialism. You have an opinion, a stupid one , but just an opinion. Maybe try learning the basic definitions first before offering up your flawed philosophy.
Socialism, Marxism and communism are basically all the same thing. Communism is the goal, socialism is the path and Marxism is the scientific analysis of the economy that makes it all work.
@@Layd36 Thanks for your reply.
In my view, capitalism is essentially a market-based system that uses monetary price signals that is supposed to reflect economic supply and demand with the assumption that satisfying demand is socially good and desirable. In terms of implementation, of course, this can be varied, with outcomes that range from benign to imperialistic and terrible, with externalities that destroy environment and communities, and corruption and market manipulation that distort price signals as well as market supply and demand.
Socialism/communism, on the other hand, suggests a strong government role in the marketplace, from a little to a lot. It can be minor in the form of wealth transference to the most needy, to a lot, where price signals are eliminated altogether and supply is determined by bureaucratic diktat. Ideologically, it can be relatively neutral to very opinionated. Communism, for example, seems to be by definition a Marxist oriented system.
You mentioned China and Russia together. But I don't think Russia professes socialism/communism in any way today. China seems to espouse "socialism with Chinese characteristics," which in practical terms, is a market based system moderated by a socialist oriented central government.
American/Western "capitalism" today is a gross mixture of market-based economics, corporatism, financialism, and militant imperialism. It is a political system dominated by powerful lobbies and economically managed by central bankers and neoliberal bureaucrats with a view to making the rich richer. Most students of Adam Smith and free markets should be appalled by it, needless to say.
Vote Libertarian 💯 noobs 🔥🔥🔥. Radhika loves to talk, she goes on forever in every interview I've seen her in.
She is a professor, professors are paid to talk. Besides research their job is to tell people what they've found. What would you have her do, sign language ? Sheeesh, if you don't like people talking that's easy to fix, go and watch a silent movie.
@@gregorybaillie2093Don't worry, it's just a troll following every YT video with the "socialist" tag. Trying to lure curious viewers.
@@antimattv cheers.
@@gregorybaillie2093 i love the word sheeesh! You just made my day, ty ✊
O my
May God grant complete Victory to the Russian Federation, and all of the member countries of "BRICS."
🇷🇺🇷🇺🇷🇺🇷🇺⭐🇷🇺🇷🇺Z🇷🇺🇷🇺⭐🇷🇺🇷🇺🇷🇺🇷🇺
the dark side of capitalism.😃😃😃