The dirty secret of capitalism -- and a new way forward | Nick Hanauer

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  • Published on Oct 18, 2019
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    Rising inequality and growing political instability are the direct result of decades of bad economic theory, says entrepreneur Nick Hanauer. In a visionary talk, he dismantles the mantra that "greed is good" -- an idea he describes as not only morally corrosive, but also scientifically wrong -- and lays out a new theory of economics powered by reciprocity and cooperation.
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Comments • 6 231

  • siegfried greding
    siegfried greding 7 hours ago

    The rich only get rich by stealing from the masses.
    With private property and copy and royalty rights
    The rich are you nothing but a threat to democracy.
    We need to to end private property and do push for personal.
    turn all private and public corporations into worker coops or if they could be automated into free tax paid public services. And a maximum income cap to make sure rich people can't come. End copy Rights.

  • william Horton
    william Horton 8 hours ago

    A corporation is like getting paid to work for a village

  • Ventus Tavistock
    Ventus Tavistock 19 hours ago

    Nick - I think you are spot-on. The only way we can change ',,,the social norms and constructed norms based on psuedo-science' is to change the whole paradigm of learning - ie by changing Education at the grass-roots level. I lead university level engineering programmes and I've changed the whole way that student projects are delivered by embedding the following strategy: 'enhance the development of usable real-world skills, based on the UN’s Sustainability Development Goals, mediated via appropriate open-ended professional networking ( most students currently use LinkedIn). In effect it's a student-led learning strategy as the students themselves have to come up with the project they want to lead (as long as it's got some link to the UN SDGs) and then they have to link to the most appropriate mentors, consultants and advisers from whatever discipline they need to deliver a REAL system, product or economic benefit. The whole paradigm builds students' awareness of sustainability, collaboration and communication skills without borders, and at the same time makes students aware of the real world constraints of things like legal implications, competition and IP. FYI - I have found that you are absolutely right - most young people would prefer to be seen to do something contributing to helping their communities and the environment rather than step on the ladder to become a rapacious capitalist! My students have also been encourage by us winning the top Awards in Education after this initiative: EAUC Green Gown Awards for 2018 and 2019 - for what we consider to be the the most important category: Student Research with Impact (small institutions).

  • Jay Alias
    Jay Alias 21 hour ago

    It’s already accepted that not all decisions are logical, that why we now have behavioral economics now.

  • KLJF
    KLJF Day ago

    people get rich because they don't care about people they don't know . just like animals !

  • John Neff
    John Neff 2 days ago

    Andrew yangs message in a nutshell, #yang2020

  • Edmond Futo
    Edmond Futo 2 days ago

    It's all illusion and another try to make things different as they are. If we really want to make the world equal to all we mast:
    1. Purge the money from egsistence.
    2. Each must hawe basics Ned's such as food, clothing, shelter and al that for FREE.
    3. The machines and technology should be adjusted to work instead of people so that the people can bee free beings and turn to other things like self emprowement, meditativenes and so on.
    Until I don't se evolutionary movement in that direction all the spaces are yust a trying to get somewhere but actually will land to another wall.

  • David Jaber
    David Jaber 2 days ago

    An additional way to move forward: bolster the commons! tvclip.biz/video/7bQiBcd7mBc/video.html

  • Mr. Blue
    Mr. Blue 2 days ago +3

    “It only stands to reason that where there's sacrifice, there's someone collecting the sacrificial offerings. Where there's service, there is someone being served. The man who speaks to you of sacrifice is speaking of slaves and masters, and intends to be the master”
    Ayn Rand

    • picassodilly
      picassodilly 12 hours ago +1

      Like the CEO who asks their workers to sacrifice wages in order for their company to compete, right?

  • Mr. Blue
    Mr. Blue 2 days ago

    The creator stands on his own judgment. The parasite follows the opinions of others. The creator thinks, the parasite copies. The creator produces, the parasite loots. The creator's concern is the conquest of nature - the parasite's concern is the conquest of men. The creator requires independence, he neither serves nor rules. He deals with men by free exchange and voluntary choice. The parasite seeks power, he wants to bind all men together in common action and common slavery. He claims that man is only a tool for the use of others. That he must think as they think, act as they act, and live is selfless, joyless servitude to any need but his own. Look at history. Everything thing we have, every great achievement has come from the independent work of some independent mind. Every horror and destruction came from attempts to force men into a herd of brainless, soulless robots. Without personal rights, without personal ambition, without will, hope, or dignity. It is an ancient conflict. It has another name: the individual against the collective".
    Ayn Rand

    • KLJF
      KLJF Day ago

      ayn rand was a spoilt unintelligent child mmmm just like YOU

  • Mr. Blue
    Mr. Blue 2 days ago

    The only way that corporations become monopolies is through government and legislations and as you don’t cure a disease by adding more disease, neither you can solve the monopolies by adding more legislations but by de legislation.
    Government is not the solution but the problem.

  • J. O. Quantaman
    J. O. Quantaman 2 days ago

    This is very encouraging video. If, if, if we can transform our current economic priorities, we might have a chance at creating a sustainable world. I like the lecturer's explanation and the initiatives he cites to making the transformation.
    ___I have one minor beef. He applauds consumer demand as a good judge of which products are beneficial and which aren't. I'd agree if our economy isn't driven by blatant advertising. Madison Avenue prods vendors to offer products to the lowest common denominator. Folks are smarter than lumps who are talked down to. But that is why we have Bic disposable pens and lighters, why we have disposable razors, why we have paper-plastic disposable diapers, why store shelves are filled junk that's hard to recycle and threatening our environment.
    ___Free choice to buy a certain brand of product isn't much of a choice if all vendors of that product are producing a throwaway that will break or fail or go obsolete within six months. Advertising goads consumers to buying substandard products that are poorly designed and liable to end up as landfill. The standards of vendor promotion need to be upgraded so that consumers truly know what their buying. And some toxic products should be outlawed from even reaching the marketplace.

  • magichandpuppet
    magichandpuppet 2 days ago

    This guy sounds like he stole and repackaged the lines from the incompetent villains in Ayn Rand's Atlas Shrugged.

  • Peter Bamert
    Peter Bamert 3 days ago

    What he proposes is more regulated capitalism, nothing new. Furthermore his proposal is blurry and unclear. Or is he thinking communism?

    • KLJF
      KLJF Day ago

      @Peter Bamert sabotage has always been a tool of capitalism as this short video proves .tvclip.biz/video/XWuAct1BxHU/video.html

    • Peter Bamert
      Peter Bamert Day ago

      KLJF I doubt that. Communism demonstrably failed over and over again.

    • KLJF
      KLJF Day ago

      communism is an inevitable consequence of intelligence and maturity .

  • Economics Is Everywhere

    Since the bad policies are written by government, it means we have BAD GOVERNMENT, not bad business.

    • Economics Is Everywhere
      Economics Is Everywhere Day ago

      @KLJF I thought we would agree, but we may be at an impasse; I see a distinction between a voluntary free market system vs a system which is heavily regulated by government. The former system I call capitalism, while the latter system is inevitably destined for "crony capitalism".
      Do you agree that results are more important than intent when evaluating policy?

    • KLJF
      KLJF Day ago +1

      @Economics Is Everywhere "crony capitalism" is an inevitable consequence of capitalism , the two are mutually inclusive . money creates an environment of abuse and deception where the most corrupt dictate the rules .

    • Economics Is Everywhere
      Economics Is Everywhere Day ago

      @KLJF We probably agree on several points. Let's try this one:
      "Crony Capitalism" is harmful to the public good and should be prevented.

    • KLJF
      KLJF Day ago

      @Economics Is Everywhere you have just contradicted your first comment .
      I could elaborate but I require your honesty .

    • Economics Is Everywhere
      Economics Is Everywhere Day ago

      @KLJF Wars are fought between governments. The evil people in businesses (who make a profit from war) encourage the evil politicians and bureaucrats (who gain power from war) to wage war.

      I can elaborate, but I require civility.

  • Economics Is Everywhere

    at 2:11 he is substantively inaccurate.
    there have been gains in all quartiles of the world, not losses.
    The wealth and prosperity of the free enterprise system has benefitted all voluntary participants.

  • Good Fella
    Good Fella 4 days ago

    He's full kid shyt

  • Zorro 123
    Zorro 123 5 days ago +5

    Rich people always “discover” such things after they have more money than they could ever spend. Jim Carey loves socialism today.....after he’s made his 200 million dollars. Uppity celebs always want to help the lesser among us after their 3 homes and island are paid for. Unbridled greed is the root of the vast majority of the worlds problems. The guy worth 10 million rarely stops to be grateful, much less help someone less fortunate......they’re too busy trying to be worth 20 million There’s never a point when it’s enough. Nike and wal mart illustrate this perfectly, among many others. The love of money is the root of all evil.

    • KLJF
      KLJF Day ago

      hypergamy is the root of all evil .

  • CJ Reed
    CJ Reed 5 days ago

    Everything this guy said is how I WISH things worked, but they're all wrong.
    It's not CAPITAL that create economic growth, it's people. Wrong.
    Honestly, this is just socialism all over again. This model has been tested. It's never worked.
    People ARE mostly just self-interested. Specially the ones who are most vocal about it. They're advocating Socialism because it's best for them (at that time) however, socialism is a slow killer.
    He also started this talk off with a lie but hid it well. The poor or the lowest earners have seen the HIGHEST wage growth of anyone in this country. Now, they can see huge wage growth and get poorer, and here's how. DEBT; when you're earning more, you can create more debt for yourself. That's individuals lack of discipline. So while you SAY they're getting poorer, while their quality of life is higher, their happiness is higher, but they create more debt for themselves.

    • KLJF
      KLJF Day ago

      you are taring others with the same brush . socialism does work , but it has always been sabotaged . see "confessions of an economic hitman"

  • Ken Githaiga
    Ken Githaiga 5 days ago

    Says he's a capitalist, speaks like a communist.

  • soggymarshmallow
    soggymarshmallow 5 days ago

    Supply side economics sounds like objectivism which sounds like sociopathy.

  • Bert Zeesamstraat
    Bert Zeesamstraat 5 days ago

    Enslaving the 99 procent

  • Bar Skool
    Bar Skool 6 days ago +8

    Nick: We should all share.
    Host: Would you like to give up your money and become a part of the 99%?
    Nick: (coughs) Whoa, whoa, it doesn’t quite work like that.

  • Jonathan Maione
    Jonathan Maione 6 days ago

    Ok... so he’s NOT practicing what he preaches because? ... his answer: It wouldn’t have any effect? Maybe because he knows it would negatively impact his business. Gimme a break.
    Read Thomas Sowell’s Basic Economics if you really want to understand the magnitude of bullsh__ this guy just spouted

  • Elijah Rich
    Elijah Rich 6 days ago

    Perspective determines action. Living in his ivory tower is only trying to perpetuate a philosophy that will ultimately enslave the world to money. There is nothing new or cutting edge about his philosophy of economics. Honestly if he is in the top 0.01% his wealth would make a dramatic effect if subjected to his philosophy. Far more superior than 30 million made up jobs.

  • Carlov
    Carlov 6 days ago +9

    “The essence of capitalism is to turn nature into commodities and commodities into capital. The live green earth is transformed into dead gold bricks, with luxury items for the few and toxic slag heaps for the many. The glittering mansion overlooks a vast sprawl of shanty towns, wherein a desperate, demoralized humanity is kept in line with drugs, television, and armed force.”
    ― Michael Parenti, Against Empire

  • Mário César Moro Devens

    If you know why the minimum wage should not be 1 million dollars, you should know why it should not be any value.

  • Christopher Smith
    Christopher Smith 6 days ago +1

    A few true things, many false and unsubstantiated claims and a bad conclusion.

  • grumpystiltskin
    grumpystiltskin 6 days ago +1

    It came from Aynn Rand, a Russian agent sent to destroy US prosperity.

  • grumpystiltskin
    grumpystiltskin 7 days ago +1

    Greed is good if it is long term. Crime if it's short-term.

  • Harry ToyShirt
    Harry ToyShirt 7 days ago +1

    Why isn't he running for Prez?

  • Romanium14
    Romanium14 7 days ago +3

    By his logic paying more to the worker wont change things because the only way to actually change things is to have enough money to buy politicians

    • Brian Sweeney
      Brian Sweeney 5 days ago

      he goes into greater detail here and directly addresses your concern: www.dailykos.com/stories/2014/12/15/1350589/-The-death-of-overtime-and-the-plight-of-the-middle-class

  • Dave Turton
    Dave Turton 7 days ago

    So let me get this straight. You've proven capitalism is successful by rising to the 1% of the 1% but you didn't like the morality of it. So, you now claim to have found a solution to the moral dilemma of capitalism with a new way. Congratulations! So with all of your wealth and experience and newfound wisdom why haven't you come to Ted with first hand experience of newly created wealth with your moral version of economics? Is it because you aren't willing to chance your fortune on am unproven system? I don't believe that your assumptions about people and the nature of humanity is correct and being your system on this is highly flawed. I want to be wrong. Please prove me wrong... but I'm not holding my breath. Looking forward to a "How it's Done: Based on actual events" TedTalk.

  • Fc king Sg
    Fc king Sg 7 days ago

    CAPITALISM EQUALS CORRUPTION. SO.... JOIN THE WAGON AND DON'T FIGHT IT. BE LIKE SUCKERBERG... IF U CAN'T INVEMT, STEAL IT!!!

  • chrisg307
    chrisg307 7 days ago

    Since the only way humanity has survived for millennia is to come together to create and to survive what life on earth has thrown at us. So, why would any philosophy say all we are is selfish? What sort of entity would have us believe that of ourselves?

  • chrisg307
    chrisg307 7 days ago +3

    How did the economic philosophy he derides ever come to be called 'neo-liberalism' when in my mindset it is ultra-conservative? How to lie successfully philosophy I guess.

    • Nick McGhee
      Nick McGhee 5 days ago

      Because it’s fake liberalism. Just like the corporate Democrats running for office, the Joe Biden’s and Pete Buttigeg’s.

  • Electro MechaSapien
    Electro MechaSapien 7 days ago

    Another pseudo intellectual bullshit artist. Wonder how hard he had it being 4th gen. owner of Pacific Coast Feather Company.
    Did you have to apply for a job at your family's company? Start from the ground up with the rest of the workers that created the profits? Now ashamed at your own wealth and privilege and therefore you are hereby dismissed as part of the problem.

  • chrisg307
    chrisg307 7 days ago

    He has been saying this for at least 5 years , , , , to no avail. It's obscene to remain so stupid as politicians in light of so much info he presents.

  • SHANMUGAM BETHU
    SHANMUGAM BETHU 7 days ago

    LARGE PROFIT IS THE CAUSE FOR PEOPLES SUFFERINGS & ACCUMULATION OF WEALTH BY 1% PEOPLE.

  • rey
    rey 7 days ago +3

    If is true the 15$ minimum wage in Seattle created more jobs as he puts it, then it should be true for a minimum wage of 20$, 30$ or 100$.

  • mbibace
    mbibace 8 days ago

    Bullshit re minimum wage. Earned income credit is better

  • morphd
    morphd 8 days ago +1

    Most people argue in favor of self interest. When someone argues contrary to their self interest, they probably should be taken seriously.

    • Jenny Gao
      Jenny Gao 6 days ago +1

      grumpystiltskin totally agree! It was funny YT recommended this video just as I was grieving about how messed up our society is, the lack of humanity from the top ones who have the power to make changes. Just imagine if every wealthy person spoke out and collectively acted to change the system. As a sensitive person I don’t see myself getting out of “depression due to societal failures”, other than to do the best I can to advocate and lead by example.

    • grumpystiltskin
      grumpystiltskin 6 days ago +2

      Living in a world that sucks is hard for any sensitive person, rich or not. Like getting to be King in a world that is King Lear. Or like in Brazil where everyone with money travels by helicopter because the kidnappings. That's no way to live.

  • A Z
    A Z 8 days ago +2

    I suspect he constantly purposely refers to "neoliberal economics" incorrectly in order to get conservatives to listen to him. But every element he criticizes obviously comes from conservative thinking. His "rules" are basically democratic socialist ideals.

    • Brian Sweeney
      Brian Sweeney 4 days ago

      @A Z huh?

    • A Z
      A Z 5 days ago

      @Brian Sweeney Yeah, that's gonna be a no for me, dog.

    • Brian Sweeney
      Brian Sweeney 5 days ago

      Neoliberal if I understand correctly includes moderate liberal thought was well as much conservative thought on economics. Both Hillary and Obama would be considered neoliberals in my understanding. I think Hanauer believes that Obama failed to do a lot of what he might have to turn things around because he was persuaded by the neoliberal school of thinking.

  • Snappingturtle 267
    Snappingturtle 267 8 days ago

    $15 minimum wage has reduced employment you idiot.

    • morphd
      morphd 8 days ago

      The outcome isn't as simple as you make it out to be as per this Warton review of two different studies publicpolicy.wharton.upenn.edu/live/news/2303-effects-of-the-15-minimum-wage-in-seattle
      At the time it was written Seattle already had one of the lowest unemployment rates in the country (.3.%) - hardly a "socialist disaster."

  • Snappingturtle 267
    Snappingturtle 267 8 days ago

    Bullshit. You choose your life. If you succeed it’s you fault. If you loose it’s your fault. Capitalism is just created the opportunity

  • Mohammad Qasemi
    Mohammad Qasemi 8 days ago +7

    To me , he looks like a hypocrite

  • Justice Boofer
    Justice Boofer 8 days ago +2

    My dad was a WW2 veteran, Republican and anti Communist. One day he told me about being stuck in a blizzard on the highway to Lake Tahoe. People were led to shelter at a nearby school. Dad said he was upset because two young guys had bread and cold cuts, and they were SELLING sandwiches, when they should share. I said, Dad I thought you were for capitalism. Sharing is socialism. He had no answer. In an emergency, socialism is the way people pull together and survive.

  • Anthony Rigby
    Anthony Rigby 8 days ago

    Doesn't seem we are going to get a more equal society anytime soon . Still waitng for the pitchforks to come.

    • morphd
      morphd 8 days ago

      If everyone stopped voting republican things would get better much faster (of course if Dems had too much power for too long they'd become corrupt as well).

  • American Expat
    American Expat 8 days ago +18

    This is largely the secret behind the Scandinavian countries and why their standard of living is so high. The book ‘Viking Economics’ does a good job describing how they did it.

    • MAD MAX TRAVELS
      MAD MAX TRAVELS Day ago

      Magnus Juhl wel My Dear, ill tell you this.
      Another 10 years and Europe inclusief Will be living in a social communist distopia.
      Socialism and communism dont work.
      Kapitalism and the free market is the way to go.
      And you think that the EU Will save the DK.
      I got news for you.
      Have you already forgotten Greece ?
      They are still not out of the hole the EU put them in.
      Margret Thatcher was right About the EU.
      Its a socialist communist hellhole were rich countries pay for the poor... thats until the money runs out.
      I have the feeling that YOU dont know what you are talking About and dont get or wants to see the bigger picure.

    • Magnus Juhl
      Magnus Juhl Day ago

      @MAD MAX TRAVELS the Danish Krone is pegged to the Euro within a 2,25% band. So basically, you have no idea what you're talking about.

    • Davilima Lol
      Davilima Lol 4 days ago +2

      @CJ Reed Norway is the only Nordic country with plentiful oil. All the other countries in the region are doing well too. The way they do this is from high taxes on everyone, not just the rich used to fund an extensive safety net and great educatio which they give so that if you have a business plan, you can pursue it without already being rich (enough to forgo work and chase something like software development) and to also make people be highly educated so there are lots of people with business plans and that no one is stupid enough to live in a safety net without knowing how to get out. This also means the customers are more educated so they don't fall for stupid tricks and more willing to pay for stuff because they can afford it. Then they DO regulate companies because for competition to be high we need plentiful choice and no conglomerates that own companies in multiple unrelated fields or everything in a field to just have 5 loss leaders so every company is limited to their field and so you can only do better with a better product, rather than just ask a larger company to buy you so you can go free of charge.

    • MAD MAX TRAVELS
      MAD MAX TRAVELS 5 days ago +1

      Did you have a look at the Danish Krone ?
      Its lots 40% of its valieu and is becomming a junk state like Venezuela.
      Nothing is for free.
      Socialism ends when other peoples money runs out.
      I ask myself how come that its always very rich people try to turn socialist ?
      But when you ask them to turn in their money.... dadaa they dont.
      The same with the climate BS.
      They drive big cars, own plains, large yachts.
      And yet they want to stop us from driving cars and going on holiday.
      Its all a scam.
      I wonder how much he is paid to tell us this BS.

    • CJ Reed
      CJ Reed 5 days ago

      Well, this is debatable. Calling a TINY country of almost all 1 culture, and the highest oil earns per capita the happiest country is easy. However, take away that oil, and 30% of their healthcare funding disappears and they'll be eating each other.

      These countries your talking about also have THE LOWEST REGULATIONS of the free world.
      Businesses don't have the myriad of hurdles that other country's businesses that have navigate.

      Happiness is Relative. Cubans think they have the best healthcare in the world, while no American would every settle for Cuban quality of healthcare.

  • David Kozlowski
    David Kozlowski 8 days ago

    Expletives deleted

  • Kuri Inuki
    Kuri Inuki 8 days ago +2

    If TED Talks existed in 1848 Karl Marx would have nailed it.

  • Fat Potatoe
    Fat Potatoe 8 days ago +1

    This guy ain't an economist. His caricatures are laughable memes of rhetoric.

    • Fat Potatoe
      Fat Potatoe 7 days ago

      @morphd I don't have to be; mention almost anything he says.

    • morphd
      morphd 8 days ago

      Why don't you be more specific.

  • Pirate Gunner
    Pirate Gunner 9 days ago

    This is paradise. Wait unti AI takes over...

  • lameemo
    lameemo 9 days ago +1

    I dont know if you'll read this, but thank you Nick for all of the great work you are doing. This world needs more voices from the halls of power and money telling this truth.
    Every amazing accomplishment humanity has ever achieved is a result of cooperation. Every giant building, every governmental system, every quality of life increase, even the internet are all a result of human beings working together. History has glorified war and power and modern capitalism is an extension of that glorification, but no one ever asks the question of who plowed the fields that fed the generals. Who built the spears and swords. The entire structure of society has always been a result of human beings working together and, in my opinion, cooperation is the central driving narrative behind everything we have today.

  • House Of Bowles Lost Tribe

    Well said 🤓Noice 👍
    Under Common Law Maxim established by Supreme Court case Precedence as you astutely pointed out the INJUSTICE of current economic Policy is :
    Any Unjust Act is Null and Void and Contemptable to the Constitution.
    It is also Unlawful to attempt to Indemnify from harm for Knowingly Wrongful Acts again that's under Common Law .
    Qaulified immunity policy as Law from the Bench was an Unconstitutional Act and the high Capitol Offense of Breach of Oath by Scotus. It's also a Felony to Practice Law from the Bench as they did . It is also Unconstitutional to Make Policy Law .
    Congress , the executive and Judicial at all levels as Failed Governance Knew these things .
    This is also the Problem that need addressed : Treason & Sedition against the Peoples and Violation of International & USA Common Law by INTENTIONALLY and Knowingly Wrongful / Unconstitutional Acts in Mass
    Whilst attempting to be shielded by Qaulified immunity.
    They Do Not care if they are fined and their Handlers Orders (CFR)
    Are Carried out and Fines etc are prefactored in and the CFR does Not Care who's in office as long as their Agenda for Profit are met .
    Members of Congress are Controlled by Party in that Funds to run for reelection are withheld if they Vote or act against Party ;
    This is Knowingly Wrongful and it's
    Fascism plain & simple.
    I personally like Yale Laws take on Qaulified immunity and the Pier Law reviews of QI are enumerate against QI which May in itself establish a New Common Law Maxim .
    Scotus Committed Treason & Sedition Quite a few times .
    Thom Hartmann just published a New book on Scotus and their Unconstitutional Acts over the past 40 years .
    Scotus has yet to be held to Account for their Crimes .

    Do tell the Peoples what a Certificate of Participation is and How Govt Manufactures consent and Forges the Peoples signatures even though some did Not participate or they were children when they bought their Name and the Govt Defrauded them and Force an Illegal Contract upon them without Consent on Behalf of the State .
    As it is the USA was Incorporated against Jefferson will per misuse of the Lieber Codes and It's well Documented this was an Unconstitutional Act at the Bequest/Lieber Code order of Hamilton the Banker just Post Revolutionary War .
    Later the Now CFR crashed the economy on purpose to do this at the Federal Level .
    Most peeps don't know each State has 2 Govt's and a plethora of Unconstitutional Acts / Contracts abusing Amparo (Life, Liberty & Security ) {Common Law Right that's also international .
    Then the Federal Lever has 2 as well .
    The CFR and Atlantic Councils Control DC as their Incorporation
    Congress was Hijacked into the Corporation March 9, 1933 and Congressional & Senatorial Records Prove this as well as Supreme Court and other Court rulings then there's the International Court of Justice w Congress records Nov 11, 1993 ICJ at the Hague, Neth Findings of the US Corp doing Business in NAME ONLY and Not Legitimate Govt.
    This Means a Coup de Ta by CFR founding Families Seized Unlawful Control , hijacked Congress, Scotus , Executive and Judicial branches as well as Control of USA Military .
    No Law passed since 1933 by Congress is Valid and Congress is Barred under International law from Creating Positive Law ; the Peoples Have a Negative Right to get their Lawful Govt reinstated and Most of US Govt are supposed to be Sentenced for their Knowingly wrongful & Intentional Frauds & Crimes
    This is Fascist Oligarchy Control of the Planet peeps as the USA is its Greatest accomplishment when it was Constitutional USA .
    The USA Republic w Addition of Social Security is What should be
    Kept Period the Congress may Resume passing Constitutional Laws on behalf of the People Not just the CFR .
    Read the Creature from Jekyll island and separately the History of Summers County, Wv free from Google play books
    That's just for starters Some of these items Proof are saved in my channel .
    The UN is Not Lawfully created
    Nor was the CIA and Various Adminstrations
    The CIA also gets funding from a Secret Act of Non Legit Congress via the CIA may Seize funds from Any Federal Program and the Program May not disclose this in their Accounting ledgers .
    Congress is also Barred from even merely speaking a single word of this as US Inc biggest secret ; they also funnel Billions in dark money through OPEC to Terrorist Orgs .
    I conclude that the CFR and Atlantic Council are the CIA and are the world's largest Terrorist ORG ; at least the Founding 6 families who own the US Corp , Fed Reserve and IRS as Private for Profit Inc's are Terrorists Planners and facilitators Plain and Simple this Has been Ruled on and Kept Secret to include the Names of these Owners under National Security Unlawfully Violating Due Process Constitutional Law.
    Heck most peeps don't know All Legal Documents or Procedures require By Law your 1st, Full Middle and Last name signature to be Valid .
    BAR Law is A Fraud when used against the Peoples and against their Unlimited Right to Contract Freely once having reached 18 as the age of Majority .
    Much needs Fixed
    #FiatJustiaRuatCaelum
    "Let Justice be done, Lest the Heavens Fall "
    (Borrowed from the Prussian Knights 19th Degree FMs )
    Nick you're an Oligarch Now ; seem Quite Protagonistic and Come off as a "Good" man .
    Would you PLEASE 😓 take the Gauntlet up further to help by Submitting a Writ of Amparo against the US Inc ;
    in the interest TO return to Lawful
    As these things are also Genocidal .
    Since 1990 alone a 2 dollar an hr raise would have saved 60,000 American Lives
    Nick your Message is a Truly Good One and I emplore you to Keep up the Good & Just works .
    Truth ! 🤓👍👊🖖✌
    #BreachOfOathIsaCrimeUseIt
    #ITNJ.org
    #NegativeLawRightToAmparoUSA
    #VetsFarmersAgainstFascism
    #AutisticsAgainstFascists
    #DoNoHarmToAnother
    Trickle up Not trickle down ;
    Fully support Labor & Produce something Good
    Results are Just & Commendable
    Note : I am a High Functioning Autistic and did my Best to Convey Truth in my comments .
    It's not what 1 says oft times ;
    it's what they Can Prove .
    May God Bless All the Good Peoples of the USA and Abroad .

  • Neil Pittsley
    Neil Pittsley 9 days ago

    This had no value. It was just his opinion, not any facts.

    • Timothy Mukansi
      Timothy Mukansi 7 days ago

      I think you missed the part(s) where he said these were not his novel ideas but empirical science unearthed in universities he had worked with and he's seen the science come into fruition in his field of work.

  • jade sidhe
    jade sidhe 9 days ago

    How about we teach away some other basic assumptions. He calls this neo-liberal economics, but in our two party system it's the conservatives that are using it while the liberals are trying to undo it. This is the whole running platform for Sanders and Warren. Hearing neo-liberalism is the problem is going to drive a lot of people to think that they have to vote Republican to get rid of it.

  • Chris Martin
    Chris Martin 9 days ago

    Typical billionaire telling you how bad capitalism is for everyone else. If you think the "economic pie" is limited. you're NOT a capitalist.

    • Chris Martin
      Chris Martin 7 days ago

      @morphd Again..more fallacies. As I said previously, theres always going to be people that refuse to better themselves. The homeless problem is a drug/additction problem. You can give most of these people $1mill a year and they'll choose to shoot it up rather than pay for a house to live in. Im from a family full of addicts, I've seen that firsthand. The life expectancy is a garbage fact that the American hating Americans use (coupled with garbage about not having the best healthcare on the planet)... we have a HUGE death rate due to drugs and have a larger suicide rate than a lot of countries. That's why our life expectancy is down. Take away the people that choose to throw their life away and we have the highest life expectancy on the planet...look it up.

    • morphd
      morphd 8 days ago

      @Chris Martin **Even out poorest people have a place to live, food to eat, clothes on their back, heating/air condition..**

      Do they? You haven't heard of homeless people? There are many struggling to keep a roof over their heads. Once they get an eviction it gets even worse. There are also folks going bankrupt from medical bills. Unlike most developed countries, life expectancy in the US has actually been getting shorter for the past three years. Despite its wealth, the US hasn't done well taking care of "the least of these."

    • Chris Martin
      Chris Martin 8 days ago

      @morphd we also have this incredibly naive logic that paying $15hr will suddenly make not make people "scrape by". Hogwash! Theres always going to broke people. People.make bad life decisions. $15hr cant take care of a high school dropout with 3-4kids. We, in America, have it SO good. Even out poorest people have a place to live, food to eat, clothes on their back, heating/air condition, free education for their kids. Its amazing how we're so spoiled we dont see that. Our poor live better than most rich in other countries.

    • Chris Martin
      Chris Martin 8 days ago

      @morphd yes. Some smaller companies have been put out of business, but Amazon has many more benefits to individuals, the community, and society. Smaller companies like the local hardware store have minimal employees, maybe a couple and their children. Not to mention NO ONE ar the local hardware store makes $15+ an hr. NO ONE. These are typically high schoolers and college kids, same as walmart hires but somehow people have a problem with that. Amazon allows people to buy crap cheaper, more convenient, and have it delivered to us. LOCAL HARDWARE STORE = store owner. AMAZON = plant manager, package picker, truck driver, mailman/package deliverer. Many more people are employed because of Amazon (just their packaging business alone).
      Also, your walmart example... personally I never shop at Walmart, terrible servielce and all their stuff is cheap crap. However, cities BEG for Walmart stores! Why? Because people love it! Because they generate more revenue for the city than 50 mom and pops stores. Not to mention dozens of new restaurants opening around them that also are able to go onto business BECAUSE of the traffic that walmart brings.
      We, as a society, love to complain about these kinds of things but always fail to see the advantages of it. Or better yet the disadvantages that would occur if you took that business away.

    • morphd
      morphd 8 days ago

      @Chris Martin Jeff Bezos is actually a good example. Yes he has created vast wealth but he has also put countless retail companies out of business with thousands of jobs lost. Amazon can sell products so cheaply because it has cut its labor cost by optimizing/automating its system (and it has volume buying power as well).
      Years ago Walmart spread across rural America. They put countless small retailers out of business and paid most of their own workers as little as they could get away with. Those small business owners were often community leaders and when they failed communities were hurt. My wife is from a small Midwestern town and grew up strongly Republican (as did I) but she despises Walmart and blames it in part for rural decline.
      I'm not saying we shouldn't stop progress but the fact is there can be downsides to society going from lots of small businesses to a relatively few large corporations. The powerful few often influence politicians to get laws passed that further tilt the playing field in their favor. They luxuriate in wealth while those at the bottom barely scrape by. It's not a recipe for long-term stability and opens the door to left-wing populist politicians.
      Your $50hr is a deflection. Raising the minimum wage (like to $12-15/hr) puts all low-wage employers on the same playing field and doesn't disadvantage one over the other. Their workers have more money to spend which further stimulates the economy. How that affects prices depends on the low-wage labor content of whatever things we buy (very little in many cases).
      It's funny how Trump trade war fans now favor "fair" trade" over "free" trade. How about "fair" markets verses "free" markets?

  • Dorian Philotheates
    Dorian Philotheates 9 days ago +9

    Brilliantly presented; more importantly, all true.

  • Terrill Melville
    Terrill Melville 9 days ago +8

    I would have been a shame had not come across this video. This is the best thing I've seen since watching Andrew Yang videos.