She's the incredible author of VULTURE CAPITALISM, and she gives us a tour de force about our rotten economic system - and what happens next! Please like, subscribe - and help us take on the pro-capitalist media here: / owenjones84
I’ll like and sub Owen - I like arguments made against the fist-in-glove relationship between western neoliberalism and large monopolies. What I’d like to see from someone with your standing and platform is a call to something other. If you’re making an argument for Marxist or Leninist ideology, can you please make a call-to-arms instead of being a flea on the shoulder of the undeniably long-arm of the status-quo? tl;dr: are you actually calling for revolution, or are you grandstanding as a contrarian, anti-establishment figure to make a living It’s a serious question. We need leaders. You might not be it - but I don’t see you directing attention to anyone that may be. Are there none - or are you grifting on obvious problems, and an anxious proletariat?
This is getting more complicated by the day. Before I donate I need to know if the Tory media is the same media as the pro-war media and are both the same as the pro-capitalist media. If not, I shall need to split my donation. I can't afford 3 x £100 / month.
And humans not only have finite skills, these skills actually diminish over time eventually. Everyone should study a bit of physics. Nothing comes free, nothing lasts forever, things change physical state often. Full metal alchemist is very cool for young ones to wrap their head around it. It's a constant juggle for a positive outcome. Sometimes conflict is inevitable as well. I know very little about physics, regrettably.
@@globalist1990The statement that our skill diminish over time is contradicted by the facts. Science is improving, exponentially in fact. Including Physics. What we do with that knowledge, what might be called wisdom, now that seems to be decreasing...
The resources might be finite but our technological advance and how we use resources is infinite! Once we develop sufficiently to become muktiplanetary we will have no resource problems.
@@kgh065, Incorrect. This is near religious levels of fantasy. That you can pretend technology will make our resources infinite is both hilarious and sad. Technology will free us from over consumption and overuse, "IF" that is how we use it. Which will require people to change culture and perception. People will be forced to change, and the sooner that happens the less dramatic it will have to be. Pull your head out, it's stuck way up there.
@@joeallen9104 I dunno, I haven’t quite gotten that far yet! Perhaps a clever AI system that keeps track of resource allocation, allowing people free access to goods and services as long as they’re only consuming their fair share? Or just… whatever they do in Star Trek to handle resource allocation and maintain a moneyless economy 😂 Live long, and prosper 🖖
As a developer I should point out, it’s not just state funding that generated the algorithms in your phone, there’s also huge amount of unpaid open source development going on many many big libraries are maintained by the community rather than big corporates
You also know that you are in a job of a limited time as AGI and quantum computing will easily replace you and many others. Silicon Valley and the owners of the capital in Silicon Valley will rule the world sadly. Data is the new gold and platinum …….
@user-td5pt9nw9n What if we all just unplugged, stopped using the Internet? Then what? Alot of us depend on the Internet granted, but if those who directly didn't depend on it, it could be a great way to stop control. You can only be monitored if you are online.
@igakoga2481 then give it up.If you condemn but still use every product of capitalism, you have a disconnect with your principles a.k.a. A hypocrite. From the device you are using to the wifi/ISP to send this comment, to the nice tumbler of the video host, to the nice clothes of the guest plus the convenience to get these things are all products of capitalism. It may not be most perfect socio-economic system but it works. This is why we have laws, taxes and tariffs to reign in its abuse. Btw, did you have a conflict of conscience when you bought your device? Or when you clicked post? Because, following your logic (a fallacy, albeit) you have been part of exploitation. And you have made it worse by grandstanding yourself. If there is no conflict of conscience, then we have a word for it: HYPOCRISY.
Great interview Owen. I think Grace and Gary Stevenson are two crucial voices, to bring about the economic changes that are required, to create a fairer society!
@@eKoush, Ah yes, the postmodern nihilist has entered the conversation... Since you don't exist, please cease to assert your non-existence onto the rest of us.
Just to add a note: privatising the means of production is Capitalism, therefore it leads to monopolies. Wealth is in the hands of a few. On the other hand, nationalising the means of production is socialism. Wealth belongs to the people. Our taxes support society for example the NHS, as it used to be. The people owning the wealth will do anything to hang on to their wealth as we can see now. Politicians are the puppets of the Capitalists. Thanks for this great stream.
_"Just to add a note: privatising the means of production is Capitalism, therefore it leads to monopolies."_ Wrong. It literally does not. It is the Government and regulations, that lead to monopolies. If the industry is regulated, then regulators (who themselves have a government sponsored monopoly to “regulate” markets) can, and inevitably do, sell their special powers to the highest bidder to put up barriers to entry to would be competitors, and to provide legal insulation to would-be lawsuits against their Jr. partner. Thus, as an industry becomes regulated, the larger companies tend to become insulated from normal market and legal corrective forces. Ironically, politicians use the symptoms of regulated industries to justify more regulation. All highly regulated industries are cartelized for this very reason…there are no exceptions. And, dark comically, almost all examples of “Why Capitalism doesn’t work” come from highly regulated industries!
@@Historia.Magistra.Vitae. Or anyone who takes valuable land and defends it with violence. Governments will show up no matter what. This idea that governments cause all problems isn't going to lead you anywhere productive.
The fact that our countries people can’t even decide where their taxes should or shouldn’t go is infuriating It’s like people aren’t allowed to eat out of their own bowls of food
@@ronaldreagan-ik6hz I live in Germany where the politicians from left to right all support Israeli’s genocide against Palestinians. It’s kinda hard to choose, makes you desperate
EXCELLENT TITLE, totally encapsulates EXACTLY what Capitalism strives to be, all power in the hands of one "winner/dictator", at the expense of everyone else, no matter how that power was obtained by the "winner" Great video, great interview
I am deeply concerned about the ramifications of the genocide in Gaxa, orchestrated by Western countries and America. This egregious act will undoubtedly reverberate politically, economically, and in terms of security for generations to come. How can the champions of democracy be complicit in such heinous war crimes? Will history ever absolve the West of this grave injustice, In the age of globalvillage ?.....
I loved Grace Blakely’s A World to Win , really pleased to see her here, Owen. I had an ‘aha’ moment as she spoke about how we have all been fooled into individualism and so stand alone powerlessness- contrasted to the deep, unremitting internal cooperation of every powerful body. From corporations to Tories to Kings…. None would survive if they stood alone. Imagine a king without an absolutely loyal court….
I have run my own small business here in the usa for the past 25 years. i also went to college for business back in the day. Nothing Grace said here is true or factual about capitalism. and she 100% lied about Boeing planes that crashed overseas. those airlines declined the training boeing recommended. She lied about this to allow herself to slander capitalism. That was absolutely disgusting.
You could try going to North Korea, Venezuela or Cuba and your wish could come true 🤣. Let’s face it, every time socialism has been tried (Stalin, Mao, Pol Pot etc), it has failed time and time again and resulted in untold misery, death and destruction. Or will you say that was never true Socialism 🤣🤣? By the same token, one could say we have never had true capitalism. Capitalism sure isn’t perfect, but in a world where humans are imperfect, it is the by far the best system currently available.
Love the thesis of her argument being not to get the state to control everything but to place emphasis on democracy and grassroots efforts. I’m trying to get closer with my community to do my part. Great guest and segment! I will have to check this book out!
she is advocating for socialism. that's advocating for "we are the government, and we know what's best for you-- better than you know what's better for you" -- socialism is disgusting. the only successful nations on earth are capitalist, not socialist. LOL
Every system is flawed. The flaw is the human narcissist opportunists who will always gravitate to positions of power, and will always take rather than give. History shows this clearly, but people only see what they want to see. Really enjoyed this interview.
I think it's that every system is flawed as soon as there's a part in it that doesn't belong there( or just "doesn't feel like it"), like for example humans not feeling connected to nature anymore. It seems that it's our nature to destroy systems that we came from while simultanously creating systems that over time will bring ourselves down.... circle jerk of destruction kinda
This gives me hope that we can not only learn from the disasters of the right but also of the left. I think we have plenty of reasons to fear both and also learn and move forward in a fairer way, together.
perrfect. lets start fairness with your assets. we will force you to live with homeless, force you to liquidate your surplus finances, force you to share your car, and redistribute all your items to those with less than you. lets let you feel the effects of your own ideas. LOL
@@ronaldreagan-ik6hz …how can anyone be forced to live with homeless people? If they live with you, they are _by definition_ not homeless. It’s a logical impossibility.
the socialists would advocate for "placing" homeless people into peoples homes against their will -- all in the name of equality. how are people so ignorant to follow the ideas of people like Grace Blakeley? pure insanity. @@DissociatedWomenIncorporated
Excellent discussion! Grace makes the complication and insanity of the contemporary capitalist political economy understandable and also makes the case for socialism seem imminently reasonable and logical!
please look up Thomas Sowell. Grace lied repeatedly during this video. it was really pathetic. and no, the boeing planes crashed out of the usa because the airlines declined the training that is required by boeing and the FAA inside the USA. what a disgusting lie she told to slander capitalism. shes a coward.
not one thing grace said was factual. not one. she even lied about the boeing crashes out of the usa. those airlines declined the training that was offered by boeing. thats what caused those two planes to crash. how pathetic how you people on the left are so horribly misinformed.
I said this when Northern Rock got Bailed out but the treasury. The two opposing economic models are state control vs market led. Once public money is used to prop up failing banks, then it is the state controlling.
Boeing would never do anything bad, surely. No reason to suspect that they had anything to do with the sudden totally unsuspicious death yesterday of the whistleblower during the trail into Boeing safety
Grace lied about Boeing. its was already released that those planes were outside the usa, and the airlines declined the training that was offered by boeing -- which would have prevented the software misuse. But-- Grace blames capitalism because it sells her narrative. so grossly dishonest.
research on socialism? No one can honestly deny that capitalism has been more successful than socialism. this is also massively proven with the immigration disaster from all over the world right now. where are all those people triying to immigrate to? yeah, capialtist countries-- not socialist countries. lol. @@anab0lic
@@ronaldreagan-ik6hz putting hedge fund managers in charge of the country - oh we have look where that got us. Throw in some VIP lanes in too in this post Brexit dystopia too
The intrinsic problem with the capitalism vs socialism paradigm is if you’re tacking on rules to control and contort a system that ultimately just serves itself and doesn’t care about the planet or humans you seriously need to reconsider whether to replace that system all together. Any rules and laws put in place to thwart any attempt at self serving and corruption can be removed and we’re back to square one. As such both Capitalism and Socialism is based on this same flawed system but is managed in different ways. Honestly, you need to read “The New Human Rights Movement” by Peter Joseph and maybe even have him on as a guest.
@@frankrockefeller3038 What freedom is that? The freedom to have to work at least 8 hours a day 5 days a week at a job I hate in order to simply survive? There’s absolutely NO freedom under the current economic model.
I used to think this way. Left and right, theory against theory. Then I began to learn that deep down it's just people and groups of people who gain power. I was reading Whitney Webbs astonishing book 'Nation under Blackmail', that as well as 'Supermob' bu Gus Russo. It is very instructive to see where our presidents came from. Ronald Reagan for example, probably the start of the current Neoliberal movement. Came from MCA and was essentiall owned by Lew Wasserman, a man with extensive supermob ties. He was groomed throughout his policital career by this group, until finally they got him into the presidency.
Not so. Capitalists will use either. The terms mean little in practical reality, both have been co-opted. What we are left with is simply a means of division.
Yes. But how do we organise and form communities that can push back against our current economic system? This analysis of the problem is great, and the conclusion that we should organise is inspiring - but how do we do it? Who is going to organise the organising? And I'm not going down some animal farm critique here...I genuinely mean it: How are we going to organise so that we can become a credible challenge to the current gross imbalance of power. Any suggestions - beyond 'social media' - will be read with intense interest.
What she is describing is monopoly capitalism, a phenomenon that Marx did not llive to see but Lenin et. al. described from the 1920's onwards. This stage of capitalist development has produced companies of a size that neither Marx nor the founders of neoliberalism could even dream of when they theorized capitalism. Today the biggest employers in the world are the US und Chinese armed forces and Wall Mart, each with over 1.5 million employees plus millions more of contractors. These are centrally planned and organized operations that fly in the face of Milton Friedman's assertion that economic activity cannot be coordinated on such a massive scale.
I can’t help thinking that the attempt to link the highly regulated economic systems of the west with the virtuous ideas of classical liberalism is unsustainable, though it might appeal to the economically informed, who most likely would prefer to link our economic and social ills to the “anarchy of the market”.
shocker. a socialist uses capitalism, not socialism to build their own wealth. such hypocrisy by Grace. oh-- and she lied about the Boeing air crashes.
…have you any idea how much Amazon interferes with the democratic process in the US?!- it’s alarming. I only know about it from books I’ve read…purchased from Amazon?! - at least they haven’t started suppressing criticism….yet…
The left need to champion democratic change, in its own organisations, in the workplace, the community and the state. People need to be involved to greater degree in everything that affects their lives. Replacing the greedy capitalist class with a small gang of organised political operators is not the answer.
Boeing is a perfect example. An extension of the USA govt. Even this ... the dangers have been known for years, its STILL operating! CEO will resign ... At the end of the year ....what??
We need a separate unattached government to govern the government 😫 keep then in check, regulated corruption, investigate dodgy dealings, hold then accountable.
It's doomed in the same way that feudalism was - it was a necessary step in the growth of civilization that will eventually run its course and become irrelevant. I think after the next 3 major tech booms (AI, quantum computing, and nuclear fusion), growth will end, most of the population won't be able to work traditional jobs for a wage, and we'll truly enter a post-scarcity era. That's when the bourgeoisie will become irrelevant, just as the feudal aristocracy became irrelevant in the 1700's. So, in short, yes, it is "doomed". But this isn't unique to capitalism.
The current economic model isnt about individualism at all. You cant get anywhere on your own in this model. It all requires the efforts and influence of many. This is a true value exchange. If you as an employee don't recieve "value" then you are free to resign and leave and go somewhere else to achieve value. Listening to these two will rot your mind.
No capitalism isn't. It's the best economic system of all the ones we know. It has problems but today's population has a higher standard of living thsn any past generation.
Woe is me, I'm middleclass and can't afford to buy my grownup kids a house. So, finally we admit what many people have been saying for decades. Capitalism is terrible. Take a moment and imagine how bad life must be for the people in far away places who live in poverty making the things that make our lives so comfortable.
You are right when you say that capitalism is terrible, and the condition thereafter you describe is called unequal exchange, a key component of imperialism. *Materially* , what makes you think that a middle class actually exists under capitalism?
@@kuramobay2445 probably middle class (as a class) never existed. That is why "middle class" condition shifted so easily in a few years. What defines for you "middle class"? There is an objective income? A specific number of houses you can buy? Or, instead, it's an arbitrary sub-division made to hide the fact that, materially, exist only two classes, one of owners of means of production and one of workers offering their labour in exchange for a wage.
Extrapolate the essence/end goal of capitalism… If left to run rampant, it will end up destroying itself (and the majority of us in the process) All things end.
She lost me when she dismissed the notion that capitalism is being corrupted by financiers at the top. Has she not heard of insider trading or hedge funds? She is smart but not that smart.
this entire interview by grace was full of misrepresentations and lies about capitalism. she also 100% lied about capitalism causing the Boeing crashes outside the USA. those crashes were caused by pilot error because they did not utilize the training offered by Boeing for the new software -- which is required by the FAA in the USA. notice-- none of those crashes happened in USA companies? she completely lied about Boeing to slander capitalism. cowardly act.
Love Grace, such a shame she pretty much disappeared from our “mainstream” screens for so long… They dont like it up em eh… She talks a helluva lot of sense IMO.
ask Grace for ONE -- only ONE country in the WORLD where her ideas of socialism are successful? --- yeah. she talks a lot while saying nothing that actually works.
The Pound has been losing Value against the Dollar for Decades, i remember back in the 70s when we were not far off £1=$2. An interesting stat i heard recently is that since 2000 the Dollar has lost 54 Cents of its Value, so just how much has the Pound lost?
Great topic and speakers. Have we found the female alternative to OJ? I could hardly keep up with what was said, even thought I had put it on double speed. So much info to get across, will have to get the book as I need to understand this proper. 🙏🏻
At its most basic - any society built upon an exploitative economic system will have huge inequality and minority rule. Exploitation comes from dividing the economic system into two groups - owners and workers. Ownership is used to take ownership and control of the surplus away from the people who produced it. This separation of work from ownership is the root cause. This is the mechanism for concentrated wealth and political power - slavery, feudalism, capitalism being 3 examples. As is centrally planned socialism, which swaps one form of concentrated economic decision making for another. The more concentrated, the more unequal and undemocratic. The more broad and diverse the economic ownership and decision making, the more equal and democratic. Which is why a foundation of worker coops fixes the root cause of inequality and minority rule. It removes the mechanism that leads to concentrated wealth and power.
What we have is corporatism not capitalism. - Capitalism would let any company fail, not be saved by govts. - Capitalism wouldn't allow lobbying. - Capitalism is about the strongest winning, not propped up by protectionism. - Capitalism is about true marketing; giving the consumer, what they when they want it, where they want it at the price they are willing to pay. In a true free market, only these companies would win. - Capitalism would call in the state debts once they get out of control. Corporatism is a mixture of corporations and governments working hand in hand. (The military industrial complex is the worst example of corporatism; govts starting wars, so that companies they have an interest in, can make profits off weapons sales and rebuilding after each war).
I was watching a thing Gary Stevenson put out the other day where he talked about social housing and he made more or less the same point from a different angle that Grace does.
That we ask the question like this shows how much we are conditioned to think within the boundaries of an economic system, that consumes more than there actually is. Capitalism will end. And it will take our society with it. It is going to be extremely ugly and will cause a lot of collateral damage. But it will definitely end.
This is a stupid, lazy argument. For a start THIS system had been in place for century upon century and does not work, and is killing the planet. It has had plenty of time to prove itself as working for everyone and not just rich people. It is obvious something else is necessary. The reason you cant point to other systems working well is because of the historical global ubiquity of capitalism. So...let's try something else. Socialism can work, and indeed did for early humans all the way up until agrarian culture. It also works qell on a micro level unofficially, between people. We have an innate sense of fairness. We split bills with our friends. We help our neighbours put shelves up then they help help mow the lawn. In markets, we barter. If everyone had a universal basic income, crime would drop massively, art would proliferate, no one would he starving. People could still get rich perhaps, but not at the exploitative expense of others. If we keep going this way, there will soon be trillionaires even as people in wealthy societies starve.
Grace Blakeley you’re brilliant! Thanks for helping me to reach these conclusions!!! 6:35 “Capitalism is NOT (inherently) a free market system.” The natural tendency of the unrestrained capitalist system is to produce massive monopolistic industries and corporate business entities. So when these massive monopolies that have become crucial to the daily functioning of society begin to have problems, or experience 6:57 “any competition, or it’s share price starts to fall … the (American) state (is expected) to come in and rescue the company.” And this is the way that 7:09 “the capitalist (monopolistic and rentier) state is nothing but a committee for managing the affairs (and taxing) the bourgeoisie (“the middle class”)” in order to support the economic interests of the ruling oligarchy, the nation’s aristocracy of wealth. 7:14 “It’s kind of ironic that the “left” has become known as the party of the “big state”” … when in fact it’s the opposite. In practice it is actually the right’s coordinated efforts to produce a “limited” government that then functions to prop up the private (and thus authoritarian, non-democratic in nature) capitalist organizations in their efforts to produce “big capitalist monopolies” that limit individual freedom of choice and ultimately ends up producing the “big state”. The left’s socialist state remains under democratic control, while the right’s private capitalist state becomes increasingly unfree and controlled by a small group of very powerful and wealthy oligarchs.
Will there be an audiobook? If not I’ll read it, but I admit anymore I listen to my books.. Far as capitalism, of course it will end. Marxists may have gotten it wrong many times over on “the final crisis”, but the dynamism of capitalism doesn’t mean the internal contradictions aren’t real, and ultimately terminal. Question is, do we get socialism just bc capitalism will end? The answer is, not unless we’re organized and fighting for it. Join an org, join a union, work on organizing your workplace if it’s not union, get involved in your community, do anything you can IRL to further our ability to organize the working class. Also, read theory.. don’t get lost in it at the expense of action, but at least get a foundation with theory, and study the history of working class/proletariat movements across the globe.. Without some foundation in theory and history, we are subject to the same pitfalls of the past. I’m no scholar or great comrade, but the most basic study over the last five years has convinced me of all this. Look forward to the book! ✊✌️
