This reminds me of the old Indian proverb. "When the last tree has been cut down, the last fish caught, the last river poisoned, only then will we realise that we cannot eat money."
the OG Americans laughed in the face of the moronic europeans who actually thought gold and silver had value. its just for decorations you ding dongs : P
Growth is an autonomous process, it flows, it is not forced. However true growth is that which understands the origination of growth in itself as a fundamental, of whom is The Creator, King Yeshua
@@Rflows100 If we are talkin' supernatural/hyper natural beings I am seeing Moloch at work in the perverse way we are overshooting our ecological limits by growth.
It's clearly not merely for the sake of growth though. Humanity is growing. Basic Evolution of the Earth, plants, animals, etc. mandates growth. Thus to provide the food, water, energy, housing, and other resources for human evolution, it necessitates the growth of these resources and industries. When you bring in almost 7.3 Million illegal immigrants in 3 years without developing those resources to provide for that population, you destroy a nation for votes to consolidate complete and total bribed corrupt Communist/ neo-Marxist Authoritarian Power. This is the antithesis of our Founding Principles and Constitution(s).
I highly recommend the documentaries, America Freedom to Fascism, The Corporation, Confessions of a Economic Hitman, The Secret of Oz, and Zeitgist Addendum. Thank you.
No capitalism is a good solution. Unfortunately a lot of people don't know how to play the capitalism way of life. That is why people want change not because it bad
I bought a smart phone two years ago. Its battery couldn't be replaced now as it comes inbuilt. The software is regularly updated and its perfectly fine for my use but it might end up becoming an e-waste as capitalism promotes generation of revenue through quick selling cycles. The same story is with my car. A regular car workshop can't service my car anymore. I have to go back to the same company from where I bought for any maintenance and repair as it generates good revenue for the Company. I'll be encouraged and given exchange offer there for new models. I remember the good old days when my father used a radio set for 30 years through repair and replacement of transistors and other parts. Capitalism and GDP based growth has made the economy unsustainable for this planet.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
I think that the economy should be measured according to the strength of the working class according to the quality of everyday life, the quality of education, the quality of health!!!
System Error offers a compelling critique of capitalism's relentless pursuit of growth and profit at the expense of environmental sustainability. Through concise analysis and vivid imagery, it exposes the inherent flaws in the current economic system and prompts viewers to reconsider the long-term consequences of unchecked growth. A thought-provoking documentary that challenges conventional economic thinking.
Gold has been humanity's hard sound money for almost all history, and debt based / fiat money is a short-lived (and not all that new) experiment. Barely made it half a century before showing cracks and signs of collapse. Research Bitcoin.
If it helps, I'm a university student and even though it's an institution of capitalism in western places like where I'm from, they are teaching us about counter-hegemony and alternative means of process and revaluing labour. There are also many humans that are active in the fight against this cancerous ideology!!
The more we develop artificial intelligence, the more it seems we are creating the "immortal" versions of ourselves that will succeed humanity when it gradually experiences extinction from an increasingly inhospitable planet. Then again, this cycle has happened several times in the Earth's history, so in a way its a natural progression, albeit in a much shorter span of time and of different causes.
"without growth societies will collapse into chaos according to the financial and political elite. but is that really the case ? isn't it rather blind faith in growth that leads to chaos ?"
@@johnmcmahon5225 So people love the growing inequality in wealth, environmental issues, and systemic racism? I don’t think so. Sounds like someone already put a narrative on the system, the best system will give people as much choice to be themselves and do what they want and need, ya’ know let them evolve and then evolve with them.
@@koat1153 No, most people simply don't care about those issues and many who say they do are simply virtue signaling. Far more people will turn out for a college football game than some rally to fix whatever. Millions come to the USA every year because they can freely pursue their ambitions.
If aliens came to our planet they might have question why we need price tags on things since modern day advances in Science and Technology already enable us to create superabundance of goods and services. There are enough resources to feed, clothe, house, build hospitals, schools etc for everyone on the planet. Real food production capacity in one country alone (the US or Argentina) is probably enough to feed most of the world's people. Resources are plentiful in our planet, from fresh water to energy from the sun (day light) but the way we ration and use resources is very counter productive and a menace to our own existence. Also, we don't have to limit ourselves by a handful of socio-economic arrangements such as Capitalism, Feudalism, Monarchy, Socialism, Communism, Dictatorship. We humans are good at innovation but the most powerful people of today don't want innovation past these few optional ways that keep them on top. However, that does not mean we are not capable of achieving just that.
@@polupopus5836 to put it into perspective, we live in a Money Based System where we believe people only do work if they get paid... how many people do volunteering work in this system? We have Doctors Without Borders for example, we have countless parents raising their kids and they aren't becoming financially richer because of it, not necessarily. When there's a natural disaster a lot of people volunteer to help. In the old days a lot of the people who advanced Science did not become wealthy and had no money incentive to do the work they did, in fact many were ostracised, ridiculed, sent to prison, killed (i.e Alan Turing, Leonardo Da Vinci, Nikola Tesla)... now where's the incentive in that? They did it because they believe in it. It also seems many Scientists don't do Research because they want to get a Nobel Prize, they do it because they want to solve a problem. Soldiers go to war and don't come back filthy rich. They often come back in coffins actually. So why do they do it? Because they are made to believe in a cause. If money was most people's incentive to be "activated and do some work" then why aren't most people going for Investment Banking, they could make more money that way. Why studying something that won't allow you to make that much money? For those who are religious, even Jesus Christ sacrificed himself not for the sake of money but for the sake of what he believed in, no one had to pay him. Martin Luther King, Gandhi did not become filthy rich for the work they've done, even risking their lives for others. Where's the incentive in that? Also, with the capabilities of modern Science and Technology it seems we can already create Super Abundance. Just step into any average food factory, car factory, modern warehouse, modern farm in a developed country and see how much work is being done by machines and automated systems. The output is enormous and it does not require millions of people to keep it up if done properly. The US alone probably has the capability to produce enough food for all 8 Billion people in the world. Now they won't do it because of "how the Market works". In the old days you'd step into an elevator you'd see an elevator operator, he's no longer needed and the elevator can do more and better work than before. When we are born we are given everything for free, food, care, shelter, education... is that bad? Not necessarily. We still get breathing air for free, is that bad? Should we work for it?
@@polupopus5836 Are you aware that with modern technology we can already automate countless jobs? Have you ever been to a modern factory, warehouse in the most developed countries? It seems that the output capacity of factories, warehouses, farms etc are ever increasing without having to employ ever more people. All this is done in a system where people need to make money to survive, so imagine a system where people's survival is guaranteed regardless. If your worry is having the max amount of people employed then lets bring back the elevator operator, let's bring back the horse and buggy, let's bring back boats rowers, let's ditch the modern combustion engine, let's bring back men on horses delivering our mail worldwide How many parents take care of their kids worldwide? How much do they get paid? They pay for their kids schooling, do they expect the kids to pay them back with interest? Do you know about Doctors Without Borders? Are you aware of how many people engage in voluntary work worldwide? When a Natural Disaster strikes people tend to help each other free of charge. Not all experts charge people for their advice. Oxygen is still free, does that spoil people? Contrary to what we are led to believe, money is not the only incentive for people to get things done. People still get things done if they believe in what they are doing. Jesus Christ did what he did and he didn't become financially wealthy, Martin Luther King, Gandhi, Leonardo da Vinci. If money was our only incentive why aren't most of us going for Investment Banking? We can make quite a lot of money in that field right?! If we have a lower standard of living than what is currently possible it certainly is by design by those in power. Capitalism has been the best system so far, but that does not mean we humans cannot invent newer and better systems. If we think we are always bound by the options we've had in the past then we should have been living in caves still
@@polupopus5836 In Capitalism all humans only do work for money? All parents only raise kids for money? Doctors Without Borders do what they do for money? Why doesn't everyone study Investment Banking then? There's a lot of money in it. A better incentive than money or being forced is doing something because you believe in it. If you are religious then Jesus did what he did because he believed in it, not money, same for Martin Luther King, Gandhi etc etc. It also seems that many scientists don't seem to do research because they want to win a Novel Prize but because they want to solve a problem
@@polupopus5836 in a bit we'll also believe that parent's only raise kids because they can make a lot of money out of it. That Jesus only did what he did because of money, same for Mandela, Martin Luther Kind, Gandhi. Money and force are not the only incentive, probably not even the best incentive long term. If people do work because they believe in it it seems to be a healthier incentive.
@@polupopus5836 Jus you know a lot of the current jobs could be automated if wanted. Automate the same way the horse's job has been automated. Sewers could be fully autonomous, no need for people to do filthy and dangerous jobs. Just because me and you might not know how to do that does not mean it isn't possible, just remember that innovation usually comes from very few people in society. Sewers for example could be automated with a variety of new tech such as smart materials like those researched by Skylar Tibbits (MIT). Also, adjusting new solutions to the current old cities most people live in might be challenging, building cities from the ground up with current updated knowledge might work better in the long run as the new cities could be make very composable (easy to be upgraded as tech advances). The composability philosophy is something computer programmers are very much familiar with by the way
@Arisekiwi Don’t you need money to purchase this land to grow food right ? And yeah you can dig a well but you still need money for the equipment right ?
Capitalism operates under boom and bust cycles and dynamics. Perpetual growth is actually a symptom, not of capitalism, but of over borrowing and over leveraging - creating a greater and greater need for governments to manage the economy, which is what communism is. True free market capitalism expands and contracts the economy so the debt to GDP ratios are within reasonable growth, not endless growth. Our deficit spending is out of control and getting worse the more we abandon free markets and capitalism.
expands and contracts when it expands people eat when it contracts people starve, when 26 people own half of the capital in the world people starve are homeless and have no clothes. Capitalism is the best system in the world B.S. People we can do better than this...
They will take themselves out. They think they are planning on taking out 85% of the population,I assure you that GODs army is here. God is on the throne 💪 may you find him now. AMEN 🙏🙌
One thing that strikes me is that even though this documentary is very well made in terms of videography, the actual amount of concise factors, facts and ideas (Such as for example Adam Smith’s theory of the invisible hand) is pretty small. We hear words like “growth”, “capitalism”, see a bunch of probably very smart faces, but whenever it comes to the narrator itself, actually very little information is given. Unfortunately, I am a bit disappointed…
What a bizarre idea that capitalism somehow requires eternal growth. Most economists that talk about actual capitalism, like mises, hayek, etc. argue against that very concept. It’s the debt based keynesian form of capitalism that we have now that requires growth, else everything would collapse. In a society with a hard money standard that’s not manipulated by government it would force both governments and individuals to live within their means instead of borrowing for everything, which leads to consumerism
When you walk into a restaurant and have a wholesome, delicious meal served to you with a smile and all you do is hand the server a piece of plastic, how is that not "sharing"? Everyone from the server, cooks, managers, truck drivers, factory workers, to the farmers will share in your payment as well. It's all voluntary. If someone is being forced to share, it's not really "sharing", it's slavery.
When they Say AI will be the end of US, it is the stock market they refer to, where apparently humans have not only become redundant, but irrelevant. Except for the ones sweeping the floor, of course...
@@motivationultra01 For now it it, but that will also likely change. Once technology advances and robots become common place the cost will drop considerably. Only a matter of time.
Because they vote for politicians that don’t want to help redistribute wealth and value. They believe “trickle down” is enough. This is not an inherent consequence of capitalism but of people taking a long time to grasp the benefits of collaboration and equalization. No other system in mankind before capitalism was ever creating prosperity. Compare with that
subverted, it works for a little few. in its true sense, exponential healing resonates time and again. To upturn that which burdens us, the natural lift is how we must all act...Faith and forgiveness shall deliver where greed and fear takes heed.
Capitalism is a success because it made America rich as a country. But politics failed to redistribute the wealth. This wouldn’t be a contradiction. Capitalism is not the same as free markets. Neoliberals didn’t understand capitalism at all.
Simple. By virtue of its name it was/is designed to benefit the owners of capital. Few Americans own capital…in a system that cultivates people to see themselves as employees (inputs). Capitalism has been a wild success for the owners of capital!
We have too many measurements of money for the system to collapse. Ever heard of a bail out. Plus all the digital, mortgages,loans, and assets in circulation. I dont see the system in america crashing anytime soon.
@@kinglionsdivinemathematics4573 look at the population projections in every country. It's not looking good. In western countries people are not having kids. The numbers are good in Africa +mid east + south Asia. That will really change the dynamics of things
It wont crash like a boom.It'll just decline gradually with its society.When the Fiat currency is zero (or close to it) Their try to introduce a social credit system through digital currency to keep it going.
Money at one time was a means of transaction for goods and services. Our society has made money a commodity where you can make money off money. This will have a drastic outcome.
If we will continue to have innovation how can we still keep thinking that the only options for a socio-economic system are Communism, Capitalism, Socialism, Monarchy, Feudalism, Dictatorship and all other past systems? Even our films set hundreds/thousands years into the future do not show any innovation when it comes to socio-economic systems, just more of the same along with all the century old problems that've existed so far. That is a very limited way of looking into the future of mankind
Programming Science/Tech and Skewed Statistics 👉Climate Change Puppetry 👉Lopesided Tax regimes 👉Disaster Capitalism 👉 Investment Opportunities for a select few & consequent Wealth gap (also a factor of incomes disparity)...🔄 REPEAT.
No, Capitalism does not exist only on growth - one company grows another subsides, it is a constant transition from one to another. Marx was not right - Cronyism will likely be the doom of Society - Right now the WEF, UN, etc are all about killing 6 BILLION people over the next 5 - 10 years..this will be starvation and disease - it is bound to happen when the 'ELITE' gets their way
What we are living in now is a poor example of capitalism. It’s mercantile interventionism and cronyism. The best do not rise, they use regulation to shut out competition and small business. They monopolize and capture regulatory agencies. They never fail, bc their lobbyists won’t let them.
@@anubisgod23 again, this is not capitalism, the is the end result of “mixed” economy. It appears that even a little socialism is metastatic cancer, and destroys everything it touches no matter how small.
This is not "cronyism", this is just regular shmegular capitalism in its most advanced and senile stage. An economy based on competition and winner-take-all stakes logically winds up like this, and wars end up fought, genocides committed, and untold other horrors perpetuated in its name until it is overthrown by those it exploits: the working class.
@@christianjarvis167 propagandistic to the extreme. No this is what happens when slimy leftism decays what capitalism is then blames doomed to fail socialist policies on “capitalism” after it was the cancer of the left that broke it.
@@christianjarvis167 what a propagandist you are. What you said is completely and totally false. What we have now is democrat fascism injected into what was functioning capitalism like a cancer, then claiming it’s broken only bc the left has broken it.
Growth. What does it mean? Ideally, investment in the advancement of society, in terms of medical advances that all Americans can enjoy, because there's universal health care. Investment in better transport, schools and affordable housing. We've lost our way. Very few people enjoy prosperity. A handful of corporations control information and influence people in Government. We're going to have to experience a period of "de-growth", and assess what we really need and get back to a sustainable goal.
We are already in a world war 3 it's a spiritual war that no one else seems to realize and my friend it is deeper than the ocean but like Morpheus said some people just aren't ready to be unplugged they're comfortable with not thinking for themselves and being slaves as long as they gotta place to live and it will only get worse stay safe out here 🙏🏿
51:19 The idea that growth is inherent in mankind is so wrong and has numerous counter examples. We have seen societies rise and fall. And we enslaved our neighbors brutally for 12’000 years before we created machines, several thousand years after Archimedes. Capitalism made this possible and there is no sign of being a sustainable system: ecology, natural resources, emissions, capital accumulation… all continuous but obviously finite processes. Only machines created dynamic growth per capita. Capitalism and its phenomena of money, debt, investment and profit created machine innovations in a dynamic fashion. It is rather remarkable that socialism also did organize growth in a planned (not dynamic) fashion.
It could be just work together as well because if something happens to humanity there will be a day we well need another back "We"or "Our" "They"or"Them"...
The answer actually seems quite simple to me. As long as the population grows, the Economy has to grow as well in order to sustain the larger population.
Selfish capitalism is dying self sufficiency is the way to go AMERICANATO RUINED Globalization i.e US has info China labour, Africa raw materials and natural resources Middle-east energy e.t.c but due to some selfish capitalists who want all for themselves efforts of globalization cannot proceed because they fear competition, so they create manipulative disasters, calamities and pandemics and wars so that their war economies can thrive while others suffer but this old collapsing systems cannot go on for long because the people are aware and they want peace because PEACE STARVES THEM. So people rebel their selfish manipulative profit oriented trends and actions and hail peace because more peace more growth and development.
It is nonsense to argue that a permanent increase in capital is a natural law in light of the fact that all human body temperatures are 36.5 degrees Celsius. The existence of money that guarantees the value of the labor force is premised on the phenomenon that constitutes the existence of human, which is all involved together. Locke's assertion that all wealth comes from labor, Adam Smith's assertion that the source of nation's wealth is labor, and Marx's assertion that labor begins with materialization as an object all speak of money as a means of guaranteeing value. The balance of market, competition, cooperation, and the equilibrium of production and consumption was possible based on this money, and capitalism's lasting growth was possible. However, as money became fiat money along with financialization, the prosperity of cooperating humanity is about to end. economy not any more, it is just gamble on which the future of humanity is betted.
Cfa currency West and Central Africa are pegged to the euro thus faciltating the transsfer of raw natural resources from Africa to europe. Cfa franc countries need economic and monetary sovereignty.
Historical Materialism: Marx viewed economic growth within the context of historical materialism, which posits that the development of productive forces (technology, labor, etc.) drives historical change. He believed that the contradictions within capitalist economic growth would eventually lead to its downfall and the emergence of a communist society, where the means of production are collectively owned and economic growth serves the needs of all, rather than the profit motives of a few.
If Capitalism is so evil why do people from non first world non Capitalist counties come to first world Capitalist countries? If people love Socialism/Communism yet migrate, transition or transform into Capitalism, Capitalism doesn't need self defense against anti capitalists. Capitalism is the best Economic system for a nation in the world. It's not perfect don't get me wrong but it's certainly better than socialism and communism. Capitalism is the recipe for a wealthy rich hard working innovative meritorious free happy law abiding successful patriotic nation Communism is the recipe for disaster tyranny dictatorship misery and death for the masses Socialism is the recipe for stagnation in pursuit of equality of that sense entitlement laziness decline and poverty.
We can enjoy earth without being greedy. We need to prioritize education, technological advancement, affordable healthcare, and reusability. Everything we do needs to be efficient. Our goal should be sustainability not growth
In this documentary lots of things get confused: capitalism is not the same as consumerism. Other factors like demographics are not considered. This docu is more idealism, i'm disappointed for the lack and absence of thinking. Our economic growth is mainly caused by the creation of debt ("money") and inflation, but today "money is made by money", not by more production or more consumerism. The velocity of money has NEVER been so low as now and is declining for more than 20 years. People in the west are buying less every year, but our demographics and population growth after 1945 still plays a big role. Soon World's population will shrink like never before and other problems will arise. It's just a cycle, in every historic period. There is no perfect "economic system". When you make a documentary, don't try to shame/blame one side of the cycle.
GDP is Grossly Distorted Propaganda What is Net Domestic Product? Economists subtract the depreciation of Capital Goods. But how big a factor was the depreciation of durable consumer goods? During WWII the production of consumer goods was stopped. Their depreciation did not matter. What has the planned obsolescence of consumer goods done since 1970? The NDP equation does not subtract consumer depreciation but consumers did not buy computers and microwave ovens in the 1950s. We have been running the planet on defective algebra since 1945 but by 1960 most Americans had televisions to be brainwashed for Consumerism.
We build and we grow, and as through every generation, they build, bigger and better, with its core being productivity, because as long as there is productivity, there will always be growth, but yes, capitalism might not end, but the world will anyway so... One solution to stop this vicious economic cycles is to just remove debt, as its like throwing away the wine rather than drinking it to avoid depression which really is only temporary, and eventually you'll go through not, not to say that's its bad, because really its like puberty, and the good thing about puberty? growth. If we somehow survive for a 1000 more years, our universe might have already grown so far and big, and in fact, too big for the technology we would have in 1000 years in the future to handle, but its dark side is that there will always be people who will be left out, and it is that itself that capitalism really fails with, as capitalism was a promise that it would lift everyone up, but the reality is that only for a temporary amount of time. "there are three ways people succeed in life, 1st is you work hard, or work smart if your lazy, or you can gamble and cheat" Lastly, remember, stormy and winter days wont last, just as sunny days eventually turn into stormy days, and that itself is what makes life special, as we always treasure our sunny days, hopefully enough to keep us going so that we may see one more sunrise.
Thy Chessmaster said that the 😂 99percent of the entire world is completely complacency and thyself is thy own self entitled prideful and their lives ignorance
Money is important, and monetary system and general rules of capitalism are ok. But the problem is that 90% of the people on the globe don't really understand this system. Money is just a temporary paper (digits) issued by the Cenral Bank of particular country, and by definition there is rougly 2.5% of new currency issued to the market per year, which helps liquidity, but can rise the prices of some goods or services... (then we have what we call inflation). Obviously through C19 lockdowns etc, etc... they issued roughly 30% of the currency to the market.... tokeep the system working... Luckly we have to many goods in the world so it didn't make too much harm... Again... Currency is just to confirm/make an agrement betwen the people and the institucions. So we can exchange labour or goods fluently... that helps quicker grow.. that's it... Am I correct... Good luck to everybody👍
Whenever some leader comes in and talks about charisma not about policy personality not proof like Reagan and thatcher and in third world. Modi then one should be aware of them
Ezekiel 7:19 “‘They will throw their silver into the streets, and their gold will become abhorrent to them. Neither their silver nor their gold will be able to save them in the day of Jehovah’s fury. They will not be satisfied, nor will they fill their stomachs, for it has become a stumbling block causing their error.
1 Timothy 6:6 To be sure, there is great gain in godly devotion along with contentment.7 For we have brought nothing into the world, and neither can we carry anything out.8 So, having food and clothing, we will be content with these things.9 But those who are determined to be rich fall into temptation and a snare and many senseless and harmful desires that plunge men into destruction and ruin.10 For the love of money is a root of all sorts of injurious things, and by reaching out for this love some have been led astray from the faith and have stabbed themselves all over with many pains.
It is like a MONOPOLY game: the issue is not "growth" - the systemic problem is distribution. Free markets, growth and creative destruction are all fine - but the system needs to be changed when it comes to distribution and "what" shall be incentivized: ownership of capital goods & hoardings - or shall we give to those who contribute with work, ideas and entrepreneurship. And I believe that digitalization, CBDC and its transparency are the key for a superior system. ** all power is bound the ownership of resources - and an ai-backed / data-powered system for optimizing resource allocation is the superior system.
This reminds me of the old Indian proverb.
"When the last tree has been cut down, the last fish caught, the last river poisoned, only then will we realise that we cannot eat money."
the OG Americans laughed in the face of the moronic europeans who actually thought gold and silver had value. its just for decorations you ding dongs : P
“Growth for the sake of growth is the ideology of the cancer cell” - Edward Abbey (aka Cactus Ed)
Growth is an autonomous process, it flows, it is not forced. However true growth is that which understands the origination of growth in itself as a fundamental, of whom is The Creator, King Yeshua
@@Rflows100 If we are talkin' supernatural/hyper natural beings I am seeing Moloch at work in the perverse way we are overshooting our ecological limits by growth.
And for humans , apparently
@@sparkybob1023 Locust are really just grasshoppers gone wild...it doesn't end well.
It's clearly not merely for the sake of growth though. Humanity is growing. Basic Evolution of the Earth, plants, animals, etc. mandates growth. Thus to provide the food, water, energy, housing, and other resources for human evolution, it necessitates the growth of these resources and industries. When you bring in almost 7.3 Million illegal immigrants in 3 years without developing those resources to provide for that population, you destroy a nation for votes to consolidate complete and total bribed corrupt Communist/ neo-Marxist Authoritarian Power. This is the antithesis of our Founding Principles and Constitution(s).
"System Error" is a very good documentary. We need a 2024 version.
u r right
I highly recommend the documentaries, America Freedom to Fascism, The Corporation, Confessions of a Economic Hitman, The Secret of Oz, and Zeitgist Addendum. Thank you.
No capitalism is a good solution. Unfortunately a lot of people don't know how to play the capitalism way of life. That is why people want change not because it bad
So you have to play a game to have basic human facilities and services is it?
@@thebowlingchannelnetwork5182 capitalism is the biggest slave trading scam ever, its just Usuries which are the most corrupt thing ever.
One of my favorite quotes regarding the topic: there is more than enough for every humans need, but not for its greed.
I bought a smart phone two years ago. Its battery couldn't be replaced now as it comes inbuilt. The software is regularly updated and its perfectly fine for my use but it might end up becoming an e-waste as capitalism promotes generation of revenue through quick selling cycles. The same story is with my car. A regular car workshop can't service my car anymore. I have to go back to the same company from where I bought for any maintenance and repair as it generates good revenue for the Company. I'll be encouraged and given exchange offer there for new models.
I remember the good old days when my father used a radio set for 30 years through repair and replacement of transistors and other parts. Capitalism and GDP based growth has made the economy unsustainable for this planet.
No, in nearly all phones the battery can be replaced. It is just mounted better than in the 80s.
The term tulip mania is now often used metaphorically to refer to any large economic bubble when asset prices deviate from intrinsic values.
The only American who won't acknowledge this Administration's failed economic policies is Joe Biden. "Shrink-flation' is the least of our worries compared to rising rents and stagnant wages, but it is an undeniable indicator of how bad our inflation has gotten. I have $100k that i like to invest in a non-retirement account, any advice on that?
I would avoid index funds, mutual funds, and specific stocks for the time being. Right now, the best option is a fixed income of five percent. Put money aside for the times when the market really starts to bounce back.
Please can you leave the info of your invstment analyst here? I need such luck
She looks to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
gold
No forget all that. I can invest it for you.
I think that the economy should be measured according to the strength of the working class according to the quality of everyday life, the quality of education, the quality of health!!!
fax
But it cannot be happened infront of greedy politician 😢😢😢
That is actually a brilliant idea.
it's too cummunism🤣
@@Sugi_here politicians are minor compared to the greed of billionaires and CEOs of large corporations.
System Error offers a compelling critique of capitalism's relentless pursuit of growth and profit at the expense of environmental sustainability. Through concise analysis and vivid imagery, it exposes the inherent flaws in the current economic system and prompts viewers to reconsider the long-term consequences of unchecked growth. A thought-provoking documentary that challenges conventional economic thinking.
"Growth" is another way of saying "Keep on buying, suckers. Don't even think of being content with what you already own, the system will collapse".
Money is debt and without debt there is no money.
In a debt economy, that is true. It wasnt always the case though. Its only 50yr old experiment - fiat money.
Gold has been humanity's hard sound money for almost all history, and debt based / fiat money is a short-lived (and not all that new) experiment. Barely made it half a century before showing cracks and signs of collapse. Research Bitcoin.
If there was no resources to exploit we wouldn’t be here
I worked for years iv come to the conclusion I don’t know if anything is worth anymore we gave our labour away for free
@@giuseppeLizzi-rj3er You can store your energy in bitcoin and it wont get dilluted unlike fiat money
We are a damn sad species , we are completing our own demise
If it helps, I'm a university student and even though it's an institution of capitalism in western places like where I'm from, they are teaching us about counter-hegemony and alternative means of process and revaluing labour. There are also many humans that are active in the fight against this cancerous ideology!!
The more we develop artificial intelligence, the more it seems we are creating the "immortal" versions of ourselves that will succeed humanity when it gradually experiences extinction from an increasingly inhospitable planet.
Then again, this cycle has happened several times in the Earth's history, so in a way its a natural progression, albeit in a much shorter span of time and of different causes.
@@johnfarlio1830nothing can be immortal. Nothing can last for ever. Other than your soul, wich comes with a trick always discovered at the end.
"without growth societies will collapse into chaos according to the financial and political elite. but is that really the case ? isn't it rather blind faith in growth that leads to chaos ?"
Greed is any system's downfall.
Yes but capitalism embraces greed and feeds it
You are pursuing your own self interests just like everyone else. "Systems" have to be based on how people really are, not how we wish they would be.
@@johnmcmahon5225 So people love the growing inequality in wealth, environmental issues, and systemic racism? I don’t think so. Sounds like someone already put a narrative on the system, the best system will give people as much choice to be themselves and do what they want and need, ya’ know let them evolve and then evolve with them.
@@koat1153 No, most people simply don't care about those issues and many who say they do are simply virtue signaling. Far more people will turn out for a college football game than some rally to fix whatever. Millions come to the USA every year because they can freely pursue their ambitions.
Exactly whatever the System Greed. Power
If aliens came to our planet they might have question why we need price tags on things since modern day advances in Science and Technology already enable us to create superabundance of goods and services.
There are enough resources to feed, clothe, house, build hospitals, schools etc for everyone on the planet. Real food production capacity in one country alone (the US or Argentina) is probably enough to feed most of the world's people. Resources are plentiful in our planet, from fresh water to energy from the sun (day light) but the way we ration and use resources is very counter productive and a menace to our own existence.
Also, we don't have to limit ourselves by a handful of socio-economic arrangements such as Capitalism, Feudalism, Monarchy, Socialism, Communism, Dictatorship. We humans are good at innovation but the most powerful people of today don't want innovation past these few optional ways that keep them on top. However, that does not mean we are not capable of achieving just that.
@@polupopus5836 to put it into perspective, we live in a Money Based System where we believe people only do work if they get paid... how many people do volunteering work in this system? We have Doctors Without Borders for example, we have countless parents raising their kids and they aren't becoming financially richer because of it, not necessarily. When there's a natural disaster a lot of people volunteer to help.
In the old days a lot of the people who advanced Science did not become wealthy and had no money incentive to do the work they did, in fact many were ostracised, ridiculed, sent to prison, killed (i.e Alan Turing, Leonardo Da Vinci, Nikola Tesla)... now where's the incentive in that? They did it because they believe in it. It also seems many Scientists don't do Research because they want to get a Nobel Prize, they do it because they want to solve a problem.
Soldiers go to war and don't come back filthy rich. They often come back in coffins actually. So why do they do it? Because they are made to believe in a cause. If money was most people's incentive to be "activated and do some work" then why aren't most people going for Investment Banking, they could make more money that way. Why studying something that won't allow you to make that much money?
For those who are religious, even Jesus Christ sacrificed himself not for the sake of money but for the sake of what he believed in, no one had to pay him. Martin Luther King, Gandhi did not become filthy rich for the work they've done, even risking their lives for others. Where's the incentive in that?
Also, with the capabilities of modern Science and Technology it seems we can already create Super Abundance. Just step into any average food factory, car factory, modern warehouse, modern farm in a developed country and see how much work is being done by machines and automated systems. The output is enormous and it does not require millions of people to keep it up if done properly. The US alone probably has the capability to produce enough food for all 8 Billion people in the world. Now they won't do it because of "how the Market works". In the old days you'd step into an elevator you'd see an elevator operator, he's no longer needed and the elevator can do more and better work than before.
When we are born we are given everything for free, food, care, shelter, education... is that bad? Not necessarily. We still get breathing air for free, is that bad? Should we work for it?
@@polupopus5836 Are you aware that with modern technology we can already automate countless jobs?
Have you ever been to a modern factory, warehouse in the most developed countries?
It seems that the output capacity of factories, warehouses, farms etc are ever increasing without having to employ ever more people. All this is done in a system where people need to make money to survive, so imagine a system where people's survival is guaranteed regardless.
If your worry is having the max amount of people employed then lets bring back the elevator operator, let's bring back the horse and buggy, let's bring back boats rowers, let's ditch the modern combustion engine, let's bring back men on horses delivering our mail worldwide
How many parents take care of their kids worldwide? How much do they get paid? They pay for their kids schooling, do they expect the kids to pay them back with interest?
Do you know about Doctors Without Borders? Are you aware of how many people engage in voluntary work worldwide? When a Natural Disaster strikes people tend to help each other free of charge. Not all experts charge people for their advice. Oxygen is still free, does that spoil people?
Contrary to what we are led to believe, money is not the only incentive for people to get things done. People still get things done if they believe in what they are doing. Jesus Christ did what he did and he didn't become financially wealthy, Martin Luther King, Gandhi, Leonardo da Vinci.
If money was our only incentive why aren't most of us going for Investment Banking? We can make quite a lot of money in that field right?!
If we have a lower standard of living than what is currently possible it certainly is by design by those in power. Capitalism has been the best system so far, but that does not mean we humans cannot invent newer and better systems.
If we think we are always bound by the options we've had in the past then we should have been living in caves still
@@polupopus5836 In Capitalism all humans only do work for money? All parents only raise kids for money? Doctors Without Borders do what they do for money? Why doesn't everyone study Investment Banking then? There's a lot of money in it.
A better incentive than money or being forced is doing something because you believe in it.
If you are religious then Jesus did what he did because he believed in it, not money, same for Martin Luther King, Gandhi etc etc.
It also seems that many scientists don't seem to do research because they want to win a Novel Prize but because they want to solve a problem
@@polupopus5836 in a bit we'll also believe that parent's only raise kids because they can make a lot of money out of it. That Jesus only did what he did because of money, same for Mandela, Martin Luther Kind, Gandhi. Money and force are not the only incentive, probably not even the best incentive long term. If people do work because they believe in it it seems to be a healthier incentive.
@@polupopus5836 Jus you know a lot of the current jobs could be automated if wanted. Automate the same way the horse's job has been automated. Sewers could be fully autonomous, no need for people to do filthy and dangerous jobs. Just because me and you might not know how to do that does not mean it isn't possible, just remember that innovation usually comes from very few people in society. Sewers for example could be automated with a variety of new tech such as smart materials like those researched by Skylar Tibbits (MIT).
Also, adjusting new solutions to the current old cities most people live in might be challenging, building cities from the ground up with current updated knowledge might work better in the long run as the new cities could be make very composable (easy to be upgraded as tech advances). The composability philosophy is something computer programmers are very much familiar with by the way
You can't eat, drink and breathe money.
Not directly
The first two require money though
@@TheStefanp10do they though? They require resources but not money. Food grows without the need of money and water is free from the aquifers.
@Arisekiwi Don’t you need money to purchase this land to grow food right ? And yeah you can dig a well but you still need money for the equipment right ?
@@TheStefanp10and if capitalism has its way the third as well.
Using capital to buy capital is just playing musical chairs.
Capitalism operates under boom and bust cycles and dynamics. Perpetual growth is actually a symptom, not of capitalism, but of over borrowing and over leveraging - creating a greater and greater need for governments to manage the economy, which is what communism is. True free market capitalism expands and contracts the economy so the debt to GDP ratios are within reasonable growth, not endless growth. Our deficit spending is out of control and getting worse the more we abandon free markets and capitalism.
expands and contracts when it expands people eat when it contracts people starve, when 26 people own half of the capital in the world people starve are homeless and have no clothes. Capitalism is the best system in the world B.S. People we can do better than this...
Ecclesiates 5:10 A lover of silver will never be satisfied with silver, nor a lover of wealth with income. This too is futility.
Everybody says "capitalism", but they mean "monopolism". Two very different systems.
They will take themselves out. They think they are planning on taking out 85% of the population,I assure you that GODs army is here. God is on the throne 💪 may you find him now. AMEN 🙏🙌
One thing that strikes me is that even though this documentary is very well made in terms of videography, the actual amount of concise factors, facts and ideas (Such as for example Adam Smith’s theory of the invisible hand) is pretty small. We hear words like “growth”, “capitalism”, see a bunch of probably very smart faces, but whenever it comes to the narrator itself, actually very little information is given. Unfortunately, I am a bit disappointed…
Excellent work on this documentary! Much respect!
Continuous growth is unatural in nature without continuous growth the capitalist model Capitalism fails. Karl Marx recognised this
What a bizarre idea that capitalism somehow requires eternal growth. Most economists that talk about actual capitalism, like mises, hayek, etc. argue against that very concept.
It’s the debt based keynesian form of capitalism that we have now that requires growth, else everything would collapse. In a society with a hard money standard that’s not manipulated by government it would force both governments and individuals to live within their means instead of borrowing for everything, which leads to consumerism
Capitalism is not human nature, sharing is human nature
When you walk into a restaurant and have a wholesome, delicious meal served to you with a smile and all you do is hand the server a piece of plastic, how is that not "sharing"? Everyone from the server, cooks, managers, truck drivers, factory workers, to the farmers will share in your payment as well. It's all voluntary. If someone is being forced to share, it's not really "sharing", it's slavery.
@@johnmcmahon5225well said
Human Greed simply distorts whatever system you have in place
Is it greed or is it the fact that reproduction is a competition?
When they Say AI will be the end of US, it is the stock market they refer to, where apparently humans have not only become redundant, but irrelevant. Except for the ones sweeping the floor, of course...
Robots can swipe the floor.
@@pickywolf2728too expensive to do so, otherwise technology exists from long ago, but didn't took over only because of this.
@@motivationultra01 For now it it, but that will also likely change. Once technology advances and robots become common place the cost will drop considerably. Only a matter of time.
If capitalism is such a sucess, why has it only produced a few decades(50's-70's) of prosperity for most Americans ?
Because they vote for politicians that don’t want to help redistribute wealth and value. They believe “trickle down” is enough. This is not an inherent consequence of capitalism but of people taking a long time to grasp the benefits of collaboration and equalization. No other system in mankind before capitalism was ever creating prosperity. Compare with that
subverted, it works for a little few. in its true sense, exponential healing resonates time and again. To upturn that which burdens us, the natural lift is how we must all act...Faith and forgiveness shall deliver where greed and fear takes heed.
Capitalism is a success because it made America rich as a country. But politics failed to redistribute the wealth. This wouldn’t be a contradiction. Capitalism is not the same as free markets. Neoliberals didn’t understand capitalism at all.
Simple. By virtue of its name it was/is designed to benefit the owners of capital. Few Americans own capital…in a system that cultivates people to see themselves as employees (inputs).
Capitalism has been a wild success for the owners of capital!
@@borisdodgingbullets 90% of the owners of capital are losing ground.
We have too many measurements of money for the system to collapse. Ever heard of a bail out. Plus all the digital, mortgages,loans, and assets in circulation. I dont see the system in america crashing anytime soon.
*Too
@@tomschmitt6911 Thanks..I would hate for somebody not to get the point due to a spelling issue
@@kinglionsdivinemathematics4573 look at the population projections in every country. It's not looking good. In western countries people are not having kids. The numbers are good in Africa +mid east + south Asia. That will really change the dynamics of things
It wont crash like a boom.It'll just decline gradually with its society.When the Fiat currency is zero (or close to it) Their try to introduce a social credit system through digital currency to keep it going.
One of the most superbly made economic documentaries ever uploaded to youtube. Mandatory viewing
Real growth ended decades ago. We are in a phase of apparent growth thru inflation alone.
Money at one time was a means of transaction for goods and services. Our society has made money a commodity where you can make money off money. This will have a drastic outcome.
Can't wait..
Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊
If we will continue to have innovation how can we still keep thinking that the only options for a socio-economic system are Communism, Capitalism, Socialism, Monarchy, Feudalism, Dictatorship and all other past systems?
Even our films set hundreds/thousands years into the future do not show any innovation when it comes to socio-economic systems, just more of the same along with all the century old problems that've existed so far.
That is a very limited way of looking into the future of mankind
Programming Science/Tech and Skewed Statistics 👉Climate Change Puppetry 👉Lopesided Tax regimes 👉Disaster Capitalism 👉 Investment Opportunities for a select few & consequent Wealth gap (also a factor of incomes disparity)...🔄 REPEAT.
It's a fine balance between limited resources and increased consumption.
Very interesting! 🎉🎉🎉
No, Capitalism does not exist only on growth - one company grows another subsides, it is a constant transition from one to another. Marx was not right - Cronyism will likely be the doom of Society - Right now the WEF, UN, etc are all about killing 6 BILLION people over the next 5 - 10 years..this will be starvation and disease - it is bound to happen when the 'ELITE' gets their way
What we are living in now is a poor example of capitalism. It’s mercantile interventionism and cronyism. The best do not rise, they use regulation to shut out competition and small business. They monopolize and capture regulatory agencies. They never fail, bc their lobbyists won’t let them.
What we are living in now is the logically end point of capitalism
@@anubisgod23 again, this is not capitalism, the is the end result of “mixed” economy. It appears that even a little socialism is metastatic cancer, and destroys everything it touches no matter how small.
This is not "cronyism", this is just regular shmegular capitalism in its most advanced and senile stage. An economy based on competition and winner-take-all stakes logically winds up like this, and wars end up fought, genocides committed, and untold other horrors perpetuated in its name until it is overthrown by those it exploits: the working class.
@@christianjarvis167 propagandistic to the extreme. No this is what happens when slimy leftism decays what capitalism is then blames doomed to fail socialist policies on “capitalism” after it was the cancer of the left that broke it.
@@christianjarvis167 what a propagandist you are. What you said is completely and totally false. What we have now is democrat fascism injected into what was functioning capitalism like a cancer, then claiming it’s broken only bc the left has broken it.
Growth. What does it mean? Ideally, investment in the advancement of society, in terms of medical advances that all Americans can enjoy, because there's universal health care. Investment in better transport, schools and affordable housing.
We've lost our way. Very few people enjoy prosperity. A handful of corporations control information and influence people in Government.
We're going to have to experience a period of "de-growth", and assess what we really need and get back to a sustainable
goal.
Nice..so whats the solution?
King Midas
We live with people who believe world war will make us forget out financial woes and "reset" capitalism
We are already in a world war 3 it's a spiritual war that no one else seems to realize and my friend it is deeper than the ocean but like Morpheus said some people just aren't ready to be unplugged they're comfortable with not thinking for themselves and being slaves as long as they gotta place to live and it will only get worse stay safe out here 🙏🏿
51:19 The idea that growth is inherent in mankind is so wrong and has numerous counter examples. We have seen societies rise and fall. And we enslaved our neighbors brutally for 12’000 years before we created machines, several thousand years after Archimedes. Capitalism made this possible and there is no sign of being a sustainable system: ecology, natural resources, emissions, capital accumulation… all continuous but obviously finite processes. Only machines created dynamic growth per capita. Capitalism and its phenomena of money, debt, investment and profit created machine innovations in a dynamic fashion. It is rather remarkable that socialism also did organize growth in a planned (not dynamic) fashion.
It could be just work together as well because if something happens to humanity there will be a day we well need another back "We"or "Our" "They"or"Them"...
Very interesting , that investigación of the project.
The answer actually seems quite simple to me. As long as the population grows, the Economy has to grow as well in order to sustain the larger population.
Stopped watching at 2:45... The population keeps growing. If business stops growing, somebody will be left without food.
Selfish capitalism is dying self sufficiency is the way to go AMERICANATO RUINED Globalization i.e US has info China labour, Africa raw materials and natural resources Middle-east energy e.t.c but due to some selfish capitalists who want all for themselves efforts of globalization cannot proceed because they fear competition, so they create manipulative disasters, calamities and pandemics and wars so that their war economies can thrive while others suffer but this old collapsing systems cannot go on for long because the people are aware and they want peace because PEACE STARVES THEM. So people rebel their selfish manipulative profit oriented trends and actions and hail peace because more peace more growth and development.
One thing that is scary is that some people take Anthony Scary Moochi seriously.
It is nonsense to argue that a permanent increase in capital is a natural law in light of the fact that all human body temperatures are 36.5 degrees Celsius. The existence of money that guarantees the value of the labor force is premised on the phenomenon that constitutes the existence of human, which is all involved together. Locke's assertion that all wealth comes from labor, Adam Smith's assertion that the source of nation's wealth is labor, and Marx's assertion that labor begins with materialization as an object all speak of money as a means of guaranteeing value. The balance of market, competition, cooperation, and the equilibrium of production and consumption was possible based on this money, and capitalism's lasting growth was possible. However, as money became fiat money along with financialization, the prosperity of cooperating humanity is about to end.
economy not any more, it is just gamble on which the future of humanity is betted.
Cfa currency West and Central Africa are pegged to the euro thus faciltating the transsfer of raw natural resources from Africa to europe. Cfa franc countries need economic and monetary sovereignty.
How many billions out there get no part of this growth?
Historical Materialism: Marx viewed economic growth within the context of historical materialism, which posits that the development of productive forces (technology, labor, etc.) drives historical change. He believed that the contradictions within capitalist economic growth would eventually lead to its downfall and the emergence of a communist society, where the means of production are collectively owned and economic growth serves the needs of all, rather than the profit motives of a few.
Nice video
I am sad. Very sad
Fascinating
As long as We don’t blow ourselves up. Gini coefficient says.. we don’t have long 52:38
43:28 AKA "Tragedy of the commons"
There’s no denying our species is absolutely insane 😂😂😂😂
Original Sin
#Greed is what drives us to move forward with force💰... The #RulesofAcquisition clearly dictates each and every transaction... 🌎💘💰
If Capitalism is so evil why do people from non first world non Capitalist counties come to first world Capitalist countries?
If people love Socialism/Communism yet migrate, transition or transform into Capitalism, Capitalism doesn't need self defense against anti capitalists.
Capitalism is the best Economic system for a nation in the world.
It's not perfect don't get me wrong but it's certainly better than socialism and communism.
Capitalism is the recipe for a wealthy rich hard working innovative meritorious free happy law abiding successful patriotic nation
Communism is the recipe for disaster tyranny dictatorship misery and death for the masses
Socialism is the recipe for stagnation in pursuit of equality of that sense entitlement laziness decline and poverty.
Avarice
We can enjoy earth without being greedy. We need to prioritize education, technological advancement, affordable healthcare, and reusability. Everything we do needs to be efficient. Our goal should be sustainability not growth
In this documentary lots of things get confused: capitalism is not the same as consumerism. Other factors like demographics are not considered. This docu is more idealism, i'm disappointed for the lack and absence of thinking. Our economic growth is mainly caused by the creation of debt ("money") and inflation, but today "money is made by money", not by more production or more consumerism. The velocity of money has NEVER been so low as now and is declining for more than 20 years. People in the west are buying less every year, but our demographics and population growth after 1945 still plays a big role. Soon World's population will shrink like never before and other problems will arise.
It's just a cycle, in every historic period. There is no perfect "economic system". When you make a documentary, don't try to shame/blame one side of the cycle.
GDP is Grossly Distorted Propaganda
What is Net Domestic Product?
Economists subtract the depreciation of Capital Goods. But how big a factor was the depreciation of durable consumer goods? During WWII the production of consumer goods was stopped. Their depreciation did not matter. What has the planned obsolescence of consumer goods done since 1970?
The NDP equation does not subtract consumer depreciation but consumers did not buy computers and microwave ovens in the 1950s.
We have been running the planet on defective algebra since 1945 but by 1960 most Americans had televisions to be brainwashed for Consumerism.
May the power of Amazon Forest be with us as human being.
Actually good.
History of thy greatest minds of thy whole wisdom and knowledge related to the Roman empire
End Money Now! Economics is the single largest drain on society.
Money has been used for the past 5.000 years. Egyptian Empire. Persian. Empire Roman Empire so on good luck stopping Money 😂
Money = Status
Mammon
um...the universe... is it not in infinite growth...?? :/
It’s all about who gets what… the strongest countries obviously get to set the rules… I’m American.
Watch BRICS
So...let's centralise government, give them all the power and forcefully distribute wealth "equally" :) Haven't tried that before..
Yes you can! It's very convertible. Into happiness too!
We build and we grow, and as through every generation, they build, bigger and better, with its core being productivity, because as long as there is productivity, there will always be growth, but yes, capitalism might not end, but the world will anyway so...
One solution to stop this vicious economic cycles is to just remove debt, as its like throwing away the wine rather than drinking it to avoid depression which really is only temporary, and eventually you'll go through not, not to say that's its bad, because really its like puberty, and the good thing about puberty? growth.
If we somehow survive for a 1000 more years, our universe might have already grown so far and big, and in fact, too big for the technology we would have in 1000 years in the future to handle, but its dark side is that there will always be people who will be left out, and it is that itself that capitalism really fails with, as capitalism was a promise that it would lift everyone up, but the reality is that only for a temporary amount of time.
"there are three ways people succeed in life, 1st is you work hard, or work smart if your lazy, or you can gamble and cheat"
Lastly, remember, stormy and winter days wont last, just as sunny days eventually turn into stormy days, and that itself is what makes life special, as we always treasure our sunny days, hopefully enough to keep us going so that we may see one more sunrise.
Now what
Star is our sign
Carl Marx wrote a book describing truth about capitalism!!!
Religion. Pure religion.
Thy Chessmaster said that the 😂 99percent of the entire world is completely complacency and thyself is thy own self entitled prideful and their lives ignorance
We keep forgetting to save during the boom
we need to let capitalism do its thing. central planning has led us to our current situation
Money is important, and monetary system and general rules of capitalism are ok.
But the problem is that 90% of the people on the globe don't really understand this system. Money is just a temporary paper (digits) issued by the Cenral Bank of particular country, and by definition there is rougly 2.5% of new currency issued to the market per year, which helps liquidity, but can rise the prices of some goods or services... (then we have what we call inflation).
Obviously through C19 lockdowns etc, etc... they issued roughly 30% of the currency to the market.... tokeep the system working... Luckly we have to many goods in the world so it didn't make too much harm...
Again... Currency is just to confirm/make an agrement betwen the people and the institucions. So we can exchange labour or goods fluently... that helps quicker grow.. that's it...
Am I correct...
Good luck to everybody👍
Come live in South Africa, North Korea, Cuba, most of the African continent, Venezuela, most South American counties for all the Capitalist haters.
Whenever some leader comes in and talks about charisma not about policy personality not proof like Reagan and thatcher and in third world. Modi then one should be aware of them
Ezekiel 7:19 “‘They will throw their silver into the streets, and their gold will become abhorrent to them. Neither their silver nor their gold will be able to save them in the day of Jehovah’s fury. They will not be satisfied, nor will they fill their stomachs, for it has become a stumbling block causing their error.
Well ... ya' can't eat it.
Go to space and leave earth to earth inhabitants
Let's indulge
16:44 This guy...
Continuous growth is unatural in nature without continuous growth the capitalist model Capitalism fails. Karl Marx recognised this 🤔
infinite growth is possible. We are living through it now.
No its not. You think we have infinite amount of resources on this earth?
You are correct in that resources are finite. Im talking about infinite financial growth. @@selfmadesm2068
1 Timothy 6:6 To be sure, there is great gain in godly devotion along with contentment.7 For we have brought nothing into the world, and neither can we carry anything out.8 So, having food and clothing, we will be content with these things.9 But those who are determined to be rich fall into temptation and a snare and many senseless and harmful desires that plunge men into destruction and ruin.10 For the love of money is a root of all sorts of injurious things, and by reaching out for this love some have been led astray from the faith and have stabbed themselves all over with many pains.
ok now make a 2024 version
Vegetarian
What a sadistic
Editing ⁉️
Disturbing eyes of people shaking the text ⁉️⁉️⁉️.
“ growth” the 1% drug!
Institutional investors are admired but their entire outlook is lazy. Just an roi of 120 percent will do 🤷🏻♂️
It is like a MONOPOLY game: the issue is not "growth" - the systemic problem is distribution.
Free markets, growth and creative destruction are all fine - but the system needs to be changed when it comes to distribution and "what" shall be incentivized: ownership of capital goods & hoardings - or shall we give to those who contribute with work, ideas and entrepreneurship.
And I believe that digitalization, CBDC and its transparency are the key for a superior system.
** all power is bound the ownership of resources - and an ai-backed / data-powered system for optimizing resource allocation is the superior system.
Be fruitful and multiply replenish the earth and subdue it
Its not capitalism thats the problem...its cronyism