Capitalism Has Failed Young People

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  • Опубликовано: 11 янв 2025

Комментарии • 100

  • @christopherhoggins5008
    @christopherhoggins5008 Месяц назад +72

    My friends who teach in state schools tell me that kids have already given up. They know that they have no futures and don’t see the point in studying.

  • @rachaelgray1125
    @rachaelgray1125 Месяц назад +32

    I don't even need to watch the video to know capitalism has failed people like me. Sadge

  • @Unknown-id4we
    @Unknown-id4we Месяц назад +37

    Our futures are fucked in this country, can’t get a house cause our salaries are meager, the nhs is broken and soooooo backdated that you wait years and years for help, the government don’t care about us and label us lazy and scroungers of the system while we need that system in the first place just to barely live through this cost of living crisis, can never get a job cause employers now expect “years of experience” for even jobs like Lidl or McDonald’s and even if you get the job the money and affect on your mental heath is not worth it… meanwhile the rich and political get away with more and more.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +5

      Couldn't have put it better myself.

    • @Always1happy
      @Always1happy Месяц назад

      Then need more valuable job. Min wage was designed for teenagers. Grown people need some serious skill to built life. There are still many couples buying houses and having good life. Don’t be lazy and work and study as much as needed

    • @sayhelllotomylittlefriends
      @sayhelllotomylittlefriends Месяц назад +5

      @@Always1happy how old are you?

    • @TheUltimateMachineGod
      @TheUltimateMachineGod Месяц назад

      ​​@@Always1happy No... the minimum wage was originally designed to be the a wage that represents a minimum standard of living.
      The fact that it's historically failed in this is troubling.
      Sure you can take on debt but this is assuming you can make if worthwhile and find a job to offset the costs.
      Take if from me. Bachelors in Microbiology and I am still struggling to find a job in general.
      Bassically going to college is a gamble.
      Sure there are trade schools, but that's not a solution to the underlying problem here.
      Because now we have a system that is designed to make it as hard as humanly possible for people to be able to progress in life.
      It is mega fucked.
      This is not even mentioning just how fucked people are who are even worse off than I am.

    • @AkiRa22084
      @AkiRa22084 Месяц назад

      This is not capitalism's fault. It's the aging population outvoting the young people. And we all know who caused that.

  • @outtheredude
    @outtheredude Месяц назад +11

    4 pack of beans from the supermarket, 4 avocados from the market, both around the same price now. If the Daily Heil headlines said that kids shouldn't be buying beans on toast, a bare minimum staple meal, would there be a different reaction I wonder?

  • @sporkafife
    @sporkafife Месяц назад +17

    I'm 31 now, so probably a little bit older than the target demographic of this message, but can't agree harder. I left uni in 2014 to enter a job market at the height of Tory austerity. Forget 0 hours, I worked for 3 years for a company WITHOUT a contract, and when I was finally given one, I had to fight for it not to be a 0 hours contract (I'd worked 40-60 hour weeks for all of those 3 years). We only succeeded because me and a few of the other recent hires at the same time had actually managed to become valuable enough to the company that all of us threatening to leave was something that would have hit the company's output. After we were all signed onto real contracts on minimum wage, the company started exclusively bringing in agency workers so they wouldn't have to deal with that situation again.

  • @HJS1875
    @HJS1875 Месяц назад +23

    Agree with a lot of what you've said, especially the part about Labour. I voted Green this previous election, not because I had hope for them winning, or even because I think they're particularly socialist, but because Labour had it in the bag and the Green's policies are left of where Labour is now. The more people who vote in that direction, the more likely Labour will adopt those positions (hopefully anyway). The party is a god damn mess since the legendary Jezza and it was before him too, Starmer isn't the guy, but 3rd parties rarely see much success. The most realistic path forward is to keep working to pull labour left. The generational gap is interesting to me as well. Older generations seem to recall a time when the system worked flawlessly for them, while younger people lack this experience. Societies that normalize unquestioning respect for institutions always perpetuate inequality, since even the well-meaning individuals defend injustices when they incorrectly perceive the system they live in as working. This mindset fuels resistance to socialist ideas as if it's still the years of the red scare.
    Glad there are still voices in the UK Left like yourself though, gives me a little hope.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +3

      Totally sympathise and agree with what you say too. I hope to see Jezza one day back in the party, though I am glad he ran against the party who treated him with absolute cruelty and won against them. He may never want to come back and I don't blame him!
      Starmer will be a nobody this time next year. When the right get jittery and fear their luxury seats are about to be taken away, he will be removed. What happens next will be where the fight begins.
      P.S I'm not going to say that with full chest 😂 if the economy gets better, Starmer may hang in there, but I don't think it will and if we get one pensioner freeze to death, or multiple kids starve alongside a stagnating economy, then it's over. Next year’s local elections will be a fun one to watch!

    • @jamesgravil9162
      @jamesgravil9162 Месяц назад +2

      "The party is a god damn mess since the legendary Jezza and it was before him too,"
      Not such a mess as the Tories. If political parties were cities, Labour would be Stoke-on-Trent and the Conservatives would be Gotham.

  • @NoctisAquila
    @NoctisAquila Месяц назад +7

    Neo-liberal (Tatcher) capitalism failed in 2008 and was bailed out!

  • @guerillagardener2237
    @guerillagardener2237 Месяц назад +11

    This is a dangerous situation, but all the older generation want to do is put the boot in. If every person had the same rate of consumption then younger people would by their age have only consumed a fraction of the older generation so far, but if you take the lowering consumption forced on them by austerity, then the younger generation will only consume a mear fraction of the older generation.

  • @KNGDDDE
    @KNGDDDE Месяц назад +2

    Young ppl arent already too invested in a broken system.
    Im US based mind you.
    But in my early 20's as i came to realizations about property taxes, home taxes, income taxes, etc...
    I asked my aunt how the hell have the amount of government extortion got so high, to which i never had an answer. My aunt is over 60yrs old, so that was surprising considering how outspoken she can be lol.
    Its pretty clear to me that older ppl are generally much more ignorant than us rising today. The life they lived allowed them freedom from care, regaring their futures, and the current events leading to it.

  • @thycatalyst
    @thycatalyst Месяц назад +7

    This is a blessing in disguise, in Auckland NZ its the same story, unemployment is at 5% which is up quarter on quarter for the last few years. depression incoming.

  • @unreelNgin
    @unreelNgin Месяц назад +4

    Wow this was rapid fire..Thanks for speaking out about transphobia,I suspected a few comments hinted at a gender critical viewpoint a few videos back glad you clarified where you stand on the issue.There are some excellent trans youtube creators and I'm a huge fan of Ethel Cain's music, it would be culturally criminal for these people not to exist

  • @ohyeah2816
    @ohyeah2816 Месяц назад +4

    Just young people? It’s failed a lot more people than that.

  • @christopherhoggins5008
    @christopherhoggins5008 Месяц назад +6

    Oh! By the way, are you planning to do a response to that disgusting dispatches ‘documentary’ about benefit assessments? So many lies and so distorted

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +4

      My dad saw it, but I haven't got around to it yet. Heard it was all over the place. I'll give it a watch and do a video on it!

    • @christopherhoggins5008
      @christopherhoggins5008 Месяц назад +6

      @ I’m just so shocked that channel 4 would air it. The only consolation is that the comments section on RUclips clearly come down on the side of the sick and disabled

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +1

      I've been heartened by reading people’s experiences, with the odd exception of moany bullies 😂 I knew it was terrible, but to see how many people these cuts affected, they won't get away with it. We won't let them.

    • @christopherhoggins5008
      @christopherhoggins5008 Месяц назад +2

      @ I would say that it’s brought about a bit of a Blitz spirit but with a lot less people out on the rob. Thanks in advance for doing a video on it, what’s you do is much appreciated and desperately needed.

  • @tracelee7332
    @tracelee7332 Месяц назад +4

    I have every faith in Gen Z.
    The strategy is very similar to the powers that be.. controlled demolition.
    However we have a very different outcome in mind...
    Gen Z are giving up on trying to jump through hoops of fire that keep getting smaller and smaller.
    Their role in forging the new world is alot bigger than they realise.
    We have ALL failed this generation...Even millennials have had a hand in it.. Our refusal to grow up being the predominant one.

    • @KNGDDDE
      @KNGDDDE Месяц назад +1

      This. I exhort to my family to bo avail, but they look at me like a madman.
      Making them aware of just how bad things really are is met with mocking and avoidance.
      I can't fathom wth ppl have been doing so long. By my count, nothing should've been the same after raeganomics.
      It's wierd watching ppl literally bury they're heads in the sand today, though I don't think most that came before me even realized they were on beaches.

  • @Londonlight522
    @Londonlight522 Месяц назад +2

    Great video and choice of graphs. I’d love to see the statistics without London included as it’s been reported that the UK without London has a GDP lower than Mississippi's.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +1

      I've seen that comparison before. I think it was the New York Times that said it? I saw from the ONS recently thatr economic growth across regions, whilst many seem to fall, it's the Midlands that seem to suffer the most at the moment.
      London always fairs better, which is a bugbear of mine.
      www.ons.gov.uk/economy/grossdomesticproductgdp/bulletins/regionaleconomicactivitybygrossdomesticproductuk/1998to2022

  • @thomascuerden7797
    @thomascuerden7797 Месяц назад +4

    how do you feel about co operatives within a socialist economy, is that the end goal?

  • @jacobokumu1826
    @jacobokumu1826 24 дня назад

    Dr Joe, i have a burning question, will socialism stop poverty or class difference and if so how

  • @ArturCzajka
    @ArturCzajka Месяц назад

    23:30 I don’t understand the point about voter ID regulations. How do you even get to 2 million incorrect IDs?

  • @ChrisKeziahHyde
    @ChrisKeziahHyde Месяц назад +3

    Brilliant video. I don't think I actually disagreed with anything you said. I'm already sharing it among my friends who have become disillusioned.
    The one thing I'd counter is the house of lords. I think we should remove the lords but keep the house and have an open jury like system where voters from across the political and social spectrum are chosen through a lottery like process.
    The public should have a chance and more opportunities to scrutinize any legislation before it receives "royal ascent".
    I'm in favour of removing the royals as head of state but I'm not sure the rest of the country is yet.
    My idea is based on the ancient Greeks. I think it could work but I may be missing something

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +2

      I used to call for a worker's chamber, where trade union officials and people who represent the workplace would scrutinise bills, etc. Though that can add layers of bureaucracy which may not be needed.
      But I do agree that there could be some more scrutiny as long as it's designed by the people.

  • @jacobokumu1826
    @jacobokumu1826 24 дня назад

    You can't be joking, the only way to beat bureaucracy is to organise with your colleagues, what, whats the sense in these words.

  • @aaronsmith9209
    @aaronsmith9209 Месяц назад +3

    Looked like a nice bit of Militant at the end there. Good video though, we can't let apathy win!

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +2

      Its amazing what you can find on the internet these days 😂 thank you friend, and too right!

  • @natefoster5454
    @natefoster5454 Месяц назад

    I think we shouldn't just consolidate the companies under giant state-run bureaucracies. Instead, you should really break up these corporations and their capital and sell it off into worker co-ops.
    If you were to nationalize anything, it would be labour, and it would be land. Nationalize labour to set universal labour standards. And nationalize land to abolish the feudal practice of rent.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад

      I think worker co-ops are a bit of a reformist idea. It essentially argues that capitalism can still exist, but you can have it “ethically” with all workers receiving the same pay, conditions, etc.
      However, companies would still have to compete, inevitably leading to exploitation. I think that under public ownership, you split control into thirds-a third of workers, trade union officials, and a socialist government. That way, you have different voices at the seat of the table.

    • @natefoster5454
      @natefoster5454 Месяц назад

      @@DrJoeLovelace Perhaps have worker co-ops be prevalent in certain industries, such as services and agriculture. For public sectors such as construction, transportation, and mineral extraction, it could be more government orientated.
      Also, competition under co-ops wouldn't result in mass layoffs and disenfranchisement, but would just result in underemployment. Which would be supplemented by working in another co-op. Also, when you account for automation, a co-op would fully benefit from it because the workers would own said automation.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад

      Yep. I think smaller industries wouldn't be so bad. We would need to see how it works in practice, but you persuaded me more with your first point. As long as there was regulation so that they couldn't overtake each other as organisations, I wouldn't be opposed to that.
      Actually, as a favour to me. I've read quite a bit of critique on worker co-ops but not necessarily all voices on those who support it. Do you recommend anyone? Perhaps I could have a bit more of a nuanced approach to it.

  • @ConanDuke
    @ConanDuke Месяц назад

    It's failed everyone.

  • @AkiRa22084
    @AkiRa22084 Месяц назад +3

    4:15 How is government bailing out banks a fault of capitalism?! What are you talking about?!

    • @jingbot1071
      @jingbot1071 Месяц назад

      Do you understand how central banks work?

  • @stevelaw5201
    @stevelaw5201 Месяц назад

    This.. And someone called acemogu or something still get nobel in economics😂😂

  • @jonathonlong5796
    @jonathonlong5796 Месяц назад

    Read lenin

  • @Seagreengoat
    @Seagreengoat Месяц назад

    💚

  • @Ade-y7l
    @Ade-y7l Месяц назад

    Yet respectfully,
    socialism is a broad term which can mean a number of things: Democratic or Revolutionary. With the left constantly obfuscating, and subvering the use of language to hide their political intent. Eg labour party still claiming to be socialists.
    Furthermore socialism is an obtuse term and culturally is associated with communism, whereas Capitalism ( more so Neoliberalism ) is culturally placed upon pedestal, and through notions of 'self-made' individuals is preferred.

  • @larkop6504
    @larkop6504 Месяц назад

    Capitalism has failed us all, but if you think socialism is the answer go talk to people who lived through socialism

  • @AkiRa22084
    @AkiRa22084 Месяц назад +3

    You can't blame capitalism for problems caused by communism, socialism or bad government policies.
    Come to my ex-communist country to see how the world really works.

    • @jingbot1071
      @jingbot1071 Месяц назад +3

      Define any of those terms in your own words, anime avatar.

  • @Mitjitsu
    @Mitjitsu Месяц назад

    Open borders policies I'm guessing has nothing to do with it according to this guy.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +4

      Nope. Because there's no data that presents your opinion whatsoever. Prove it if you are going to say it.

    • @Mitjitsu
      @Mitjitsu Месяц назад

      @@DrJoeLovelace You don't need to take my word for it. It came straight from the Prime Minister. ONS also has statistics that prove it.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +4

      Just because people are coming to this country, doesn't mean that the country is in economic decline because of it. Violent crime has decreased, OBR put stats saying that more immigration would reduce debt of GDP and hasn't immigration fallen this year? I know Farage and the gang told you this was the case, but they got nothing to back it up. Don't believe snake oil men. Your life will be far better off for it.
      Also, we don't have an open border policy. That is categorically false.
      www.ft.com/content/5a00c171-8194-4c54-9ac6-63ca292522e2

    • @Mitjitsu
      @Mitjitsu Месяц назад

      ​@@DrJoeLovelace Every issue you brought up in the video is in some way related to issues of demand/supply. OBR is a highly politicized body that makes forecasts that suits it's own politics (and should be done away with). Also, you can't "reduce" debt, because of the way our monetary system works. Unless you want to collapse the whole economy. If everything is about about doing anything that adds to GDP, then you're basically falling into Thatcherite ways of thinking, and ignoring possible long term social ramifications.

    • @stephenelkington4971
      @stephenelkington4971 Месяц назад +1

      @@DrJoeLovelace So illegal immigrant Africans who have been accommodated in luxury flats are not impacting on the economic prospects of taxpaying poorly housed indigenous Brits ? You're in idiot chief.

  • @jknowstheway1462
    @jknowstheway1462 Месяц назад

    Take food of their table. We'll see how soon 'kids have lost interest in working' lasts.

    • @nazgill43
      @nazgill43 Месяц назад +2

      So what you are proposing is enslaving young people to exploitative capitalist employers for low wages and salaries with no benefits under the threat of starvation? Sounds like feudalism and authoritarianism...

    • @aaronsmith1474
      @aaronsmith1474 Месяц назад +2

      The French and Russians have experience with this. We should ask them about abusing the working classes.

  • @BobTheBuilderGuy
    @BobTheBuilderGuy Месяц назад

    “Capitalism has failed you”. Then proceeds to talk about how government incompetence lead to disasters within the economy.
    “Owned by the people” - translates to owned by the government.
    Stop straw manning “capitalism” and actually look into the context of the “statistics” you’re quoting.

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +8

      How is renting or low-pay by corporations determined by the government? Do you need me to explain the video to you?

    • @hobbabobba7912
      @hobbabobba7912 Месяц назад +1

      ​@DrJoeLovelace doesn't the government restrict the supply of housing resulting in higher house prices?

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +2

      I think its less about governments restricting stock supply, and them not actually attempting to build the houses needed for demand. Because of this, house prices have risen though landlords are partly to blame for this mess by buying all of the cheap council housing at the time.
      Landlords have put up rent prices in line with house prices, though that is purely based on their own interests. The government doesn't dictate that.
      www.bigissue.com/news/housing/rents-in-the-uk-are-rising-at-the-highest-rate-for-14-years-will-they-keep-going-up/#:~:text=Households%20have%20faced%20rising%20bills,and%20a%20lack%20of%20supply.

    • @nazgill43
      @nazgill43 Месяц назад +1

      Since capitalist governments are mostly influenced or controlled by the wealthiest people or groups through lobbying and campaign donations, the public and private sectors in a capitalist economy are directly linked to each other.

    • @BobTheBuilderGuy
      @BobTheBuilderGuy Месяц назад

      @@nazgill43 no, corrupt goverments allow for lobysits to inclunef them. The same would happen in any government system that is corrupt.
      Socialists and communsitsie will and have had the same issues, except they weren't allowed to talk about it under threat of inprionsment.
      However duner a democratic capitalist system we can at least talk and also vote are way out of this hell hole

  • @jknowstheway1462
    @jknowstheway1462 Месяц назад

    Capitalism, the single greatest invention in history, and young people are bored. Which ones the problem?

    • @googledontbeevil
      @googledontbeevil Месяц назад +10

      What's so great about unregulated neoliberalism then, since you know everything?

    • @jknowstheway1462
      @jknowstheway1462 Месяц назад

      @@googledontbeevil for around 2000 years, adjusting for inflation the average income was subsistence level and never changed. The rise of capitalism (neoliberalism as you bizarrely call it) saw the world average income climb astronomically pulling 7.3 billion people out of abject poverty. This is purely due to the capitalist system (the individual benefits directly by their contribution vs essentially feudal/serf bondage.
      Thats pretty great. Now stop sulking and pull your trousers up.

    • @_zoreo
      @_zoreo Месяц назад +1

      Capitalism is FAR from the greatest invention in history.
      In no way could it beat fire, tools, the wheel, rope / string, paper, gunpowder, the printing press, harnessing electricity, the light bulb, microprocessors, steam engines, or modern medicine.

    • @jknowstheway1462
      @jknowstheway1462 Месяц назад

      @@googledontbeevil Why you so quiet?

    • @googledontbeevil
      @googledontbeevil Месяц назад +1

      @@jknowstheway1462 answer the question, ya dingus

  • @Always1happy
    @Always1happy Месяц назад

    New gens are lazy. I had a house and wife and 3 kids by time I turned 30. 😂😂😂😂 nowadays everyone wants to do nothing and expect big reward

    • @DrJoeLovelace
      @DrJoeLovelace  Месяц назад +4

      That's nice. Did mum and dad get you that house?

    • @Always1happy
      @Always1happy Месяц назад

      @ I started working at 15 for 2.50 bucks an hour. And went up. Now days min wage already 15 bucks even for lazy ones and unmotivated ones

    • @TheUltimateMachineGod
      @TheUltimateMachineGod Месяц назад

      ​@@Always1happy I'm sorry who in the holy fuck was giving you 2.50 bucks an hour?

    • @qchtohere8636
      @qchtohere8636 Месяц назад +4

      ​@@Always1happyHow much did you pay on rent?

    • @jingbot1071
      @jingbot1071 Месяц назад +3

      @@Always1happy Imagine working your whole life and not understanding the concept of inflation.
      You boomers really did have it way too easy.

  • @StateofMind-z6p
    @StateofMind-z6p Месяц назад +1

    Capitalism? We never saw capitalism.
    Capitalism doesn't save big banks from failing with bail out.
    Capitalism doesn't take 50% of your money in taxes.

    • @silenthawkstudios9924
      @silenthawkstudios9924 Месяц назад +2

      Isn't this the same argument as "but that's not real socialism"?