Thoughts?

This is so eye-opening and it's what many liberals have been trying to explain for so long. And yet we still have fiscal conservatives crying "Socialism!" every time Democrats attempt to introduce fairer policy.

Really though, it's an excellent video and everyone should watch it.

The world needs to find common ground between socialism and capitalism, but that will literally never happen. But who knows, every "empire" falls and the poor will eventually get on their feet and realize they have EVERY right to go against them in a country like America. It's really messed up but there isn't much we can do as of now.

Oh, a good chunk of the world already does understand how to combine them. It's called Western Europe. We Americans are under the misguided impression that we live in a fully capitalist society, that all social programs are bad (we're especially allergic to programs that could possibly help minorities), that having mass, extreme poverty is a necessary evil and that the US' middle class is still as strong and "normal" as it always was when everybody who isn't rich is just getting poorer.

It's hilarious how wages for rich people have gone up by half over the last 30 years while wages for the poorest people in the country have actually decreased since 1980 when you account for inflation. And people think the minimum wage and the poverty line shouldn't be raised. It's also hilarious how people still try to prop up trickle down economics in the face of all these stark numbers.

Also, the capitalist values--some of which I admire, but many of which must be reformed for this country to prosper--that hold the USA up and keep the rich rich are also keeping the poor from rebelling. People will continue to hold onto the ideals of the American dream, the hope for career advancement and class mobility. We are an individualistic society with very institutional/communal issues. People aren't going to see the real problems if they can only think about things (and read/hear things from politicians) in terms of personal experience. Which is a blessing and a curse.

Oh and all the rich that want to keep the systems of basically every country on earth like this need to realize that their time will be up eventually and all the people they step on to make their lavish lives possible will rise up. *Side eyes Marie Antoinette and Louis XVI *

SMH,


Obama had it right when he said to tax some of the wealthiest Americans.

Maybe not people earning more than $250K but damn, some of these people who make over $1 or $2M have plenty money to give to Uncle Sam.

You can't raise minimum wage too much. Unless you want people to get laid off. Minimum wage isn't even that low anymore. Considering jobs that are minimum wage aren't very difficult. And I work at one of those jobs.

I don't know if you've been reading the economic reports lately, but pretty much Germany is the only country with evidence of a strong socialist economy...and that's because of their atypically high foreign investment numbers. Combine that one glimmer of hope with the riots and unrest in Spain and Greece (and pretty soon Italy) and you don't have that strong of a case for "socialist capitalism" because, for the most part, it can't work.

I'm not going to bother arguing economic policy on here again, because much of the ATRL community doesn't have a sound grasp on the foundations of business economics.

Great video Thank you for sharing this. Something's got to give in this country.

That is a ridiculous fallacy propagated by conservatives even though the evidence says otherwise.

Well said.

Wow. This is crazy. This makes me anticipate AP Economics even more for next year! It's funny how socialism is seen in the US. People are so scared of the connotations around socialism, they aren't even willing to consider the possibilities. Not saying socialism is the solution, I'm not educated enough on the topic to even make such a claim, but I wish the US was more open minded.