Is This The End Of Capitalism? | Answers With Joe

It's a term you've probably heard a lot. Late Stage Capitalism. People use it to describe the absurdities and wild inequalities of the world today. But what is it exactly, and are we really living in it? And if so, what comes next?

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[InimicusSolitus]

To fix this and many issues in modern life, is to remove money from politics. It should be illegal to give money or incentives to a politician. They are employed by the people.

[nhartigan]

It definitely feels like we're near the end stages in a game of Monopoly, where a couple players own all the prominent properties, while most of us own a place like Baltic Ave. & are just trying our best to make it around to collect that $200 before we inevitably go bankrupt.

[shawnwales]

The word "sabotage" comes from "sabot", French for a wooden shoe/clog. The workers chucked their sabots into the factory machinery, an act of "sabotage".

[willisverynice]

I can’t imagine a “good” system where a select group of people decide what “good things” are.

[QuestionEverythingButWHY]

"Anyone who has ever struggled with poverty knows how extremely expensive it is to be poor."
--James Baldwin

[robopanduzee]

Thanks for the hug joe. You know you miss human contact when hugging a phone gave you a fuzzy feeling

[cablewaffel]

When your subject matter is so controversial that you have to spend the first 4 minutes apologizing.

[SmokeyGreenleaf]

The problem with our current system is monopoly laws don't work and haven't in decades. Too many loop holes. When a company gets too big and anyone threatens them with monopoly suits, they just split the big company into two smaller companies still owned by the same corporate entity.

[jenniferwong]

I'm currently recovering from emergency surgery, lying in bed and binge watching all of your videos. They are as soothing as my pain medication. They've kept my brain busy. Thank you😊

[youyou-wcvv]

"we need to make a shift towards solutions and away from blind following of ideologies" - Joe Scott
this quote is golden, fr 💯

[uschi]

“...dogmatic refusal to change is a losing strategy, whether it’s in economics, or society, or nature for that matter.”

Bravo! 👏👏👏

That is the best thing I’ve heard in a long time.

[thowl]

The key to changing our abusive system is, 1st make politicians retire at 65, stop all money in politics, and make a strictly enforced law that any outlet calling themselves news in any way cannot lie. The rest should fix itself.

[sublow]

"Dogmatic refusal to change is a losing strategy".

Deep.

[MadamFoogie]

I just started a new job, because Corona cut my regular hours down to almost nothing. I have $62 in my bank account, and that has to last three weeks before my first paycheck. With my new job, essential work being the only thing hiring, I have no sort of medical insurance. My medication costs $113 generic. Also, my car insurance just came due, which I need to have for work, is $137. I haven't even put rent and utilities into this, nor food and basic living expense. Not sure if capitalism is dying, or if I am.

[BarbarianGod]

14:23 easy to avoid trees falling on our houses, we (my generation - millennials) don't really own any in the first place! Crisis averted /s

[kathrynhalpern]

Thank you for this thoughtful and thought provoking video.
Yes, it is clear that society is changing so rapidly and in so many multiple dimensions that the existing paradigms and systems are ineffective.
I don’t know the best solution, but something that will combine the ideal intended outcomes of capitalism—-that is, the creation of wealth and individual sovereignty—-along with with the ideal intended outcomes of Marx and others—-that is, that -“each gives according to his/her ability and each receives according to his/ her needs”, UBI at the very least, some equalization of economic class division or redistribution of wealth—-seems to be in order.
The guiding principles of society can no longer be limited to valuing only the economic persona or economic usefulness of a human (or animal or any sentient being)—-but must shift to the recognition and value of the fulfillment of life itself as the end goal—-with all economic systems and structures subjugated to the fulfillment of this higher end goal. This is similar to Maslow’s hierarchical pyramid of Self-Actualization—-in other words, the economic system must truly become the servant of life and society, and no longer the master.

[x-seronis-x]

"Work hours are down" -> except the chart shows everyone under 50 has only seen increasing work hours in their lifetime

[yotimusic]

Somehow he made economics interesting. I can't believe I watched 23 minutes worth of content about capitalism, and stayed captivated. Bravo.

[ZANcomix]

2:12 Sir I am uncomfortable already, having been virtually hugged by a man while pooping.

[loca]

"Capitalism" failed in 2008 but there was enough money to temporarily "save" it, whereas "communism" failed in 1989 because there was no money to "save" it. All "quotations" intentional. What is need is that Maslow's basic needs in his pyramid be a human right - there needs to be a recognition of the concept of "common good". I really enjoyed this video. Well done Joe.