Makers v Takers

Many people are feeling that they have to work harder and longer just to stand still. There always seems to be an economic headwind denying them a fair return on the hours they put in. So what is this formless force that pushes against us? And why is it such a different story for people who work in the financial industries who, after such collective failure in 2008, are – once again – squeezing Main Street for every penny…

Host Ross Ashcroft is joined by author and journalist Rana Foroohar.

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[longnewton]

It’s worth watching the episode with Richard Werner on banking. He is advocating we need lots of small community banks who lend locally to value adding productive businesses (makers) and don’t engage in financial speculation. The big (bad) banks engage mostly in financial transactions and speculation which adds precisely nothing to the real economy, instead driving up asset prices leading to crashes.

[MarkoKraguljac]

"Makers vs takers" is a slippery slope frequently and easily misused by reactionaries. They tend to turn down and label powerless and vulnerable as "takers".
Also, it would be *very* interesting to throw some light on rarely mentioned aspect of economic ideology, namely, that it is as much about economy as its about social control, about keeping people busy and occupied *AND/OR* precarious. Isn't Wall Street a sort of slave patrol in this sense and isn't it obvious why they get rewarded no matter what happens?

[Cherubini]

I think that a better name for her book would be " WORKERS AND LOOTERS*.

[jeremypiland]

Yet another Informative and important video. I appreciate your content and will spread the word about your channel keep up the good work thank you

[Pedrotemb]

Some people say that regulation is bad for initiative and business....so if we can compare Wall Street to the Tour de France....many people would say that Lance Armstrong is a great champion....if his example is fair...everybody would invest more in drugs than as Capitalism is obliged to regulate because "laissez faire" is a good excuse for doesnt mean that Tour de France would be more fair if the most fit are loaded with heavy weights, as socialism says

[madal]

The future is now, and it sure does rhyme.

[stsr]

Anyone that believes politics is real loses me instantly.

[nuvisionprinting]

Would i be right in saying that this isn't the first this happened in a capitalist system? The last couple of times, didn't war normally eventuate from it?

[summondadrummin]

Its the power of a Numbers Game which we opt into when we we use a certain currency and its 'programmed' into the currency that we use~ debt issued and interest based money~ to completely override labor or the Makers. Whats it say in the Bible~ "The borrower is servant to the lender"...in a way its probably no more complex than that though its symptoms are vast so it seems much more complex. Of course it is complex because we've built the society around these institutions but its imbalanced origins are simple~you get 1 and I get 5. It has to do with modifying and engineering the economy towards a more just, sustainable, healthier and happier civilization and the place to begin is by Auditing, Regulating and Prioritizing how and what for that Banks can issue and allocate~ The Publics Money. If we don't do that we'll be forever befuddled by stupid imbalances. People need to organize locally and probably internationally to change how Money and Banks work. Watch Richard Werners talks on this channel. Look up Positive Money and the American Monetary Institute.

[drakekoefoed]

in 3 years since this was made, the digital economy was monopolized and not a tiny change for the better happened. the billionaires who were going to correct things didn't.

[slorter]

george soris I do not consider him a good example he is a market and money manipulator and intervenes in other countries!

[billmclaughlin]

Ms. Faroohar looks pretty prosperous. She obviously isn't pushing hard enough or she wouldn't be employed in the system she criticizes.