Comments by "Paul Aiello" (@paul1979uk2000) on "Why America Is Becoming Increasingly Anticapitalist" video.

  1. Capitalism isn't bad as such, but in the US, they've gone too far with it that it's really having a negative impact on citizens, with too much wealth being in too few hands. EU countries are capitalist, but they have a better balance in that there's a lot more social programs and protection, but even there, capitalism is failing people. But don't get me wrong, I'm all for free markets economics, but there needs to be limits because free markets usually means the ones with the brains will eventually hold the majority of the wealth at the expense of everyone else, this is clearly evidence in the US where so much of the countries wealth is in so few hands. Surely there's a better way to have market progress, innovation but a system that looks after all citizens. In any event, with the advancement of A.I. and robotics over the coming decades, we are likely going to need major changes to the capitalist system, as I don't think it would do well as A.I. and robotics ends up taking over the majority of jobs if not almost all jobs, and it's going to be interesting to see how we tackle that problem, which I suspect governments will let things get worse, especially in the US, until things get so bad that it leads onto or close to a revolution that major change is needed. EU countries might fare better on that because they've already got a strong social program in place, they also have the mindset from the people to support it, it would just need expending in the decades to come, whereas in the US, it would need a major overall of a lot of the system, which won't be easy to do when Americans see the cost of that. If I were to say what I think the real problem is, it would be the cost of living, simply basics like housing, food, energy bills and so on are quite the burden, especially on younger generations of people, wages have gone up but so has almost everything else, housing and the running cost of housing is probably the biggest burden for younger generations whereas when I was growing up in the 80's and 90's, it was an easier time in those areas. To put it another way, in the late 80's, if you had a half decent job, you could buy a house in around 5 years, today that is almost impossible unless you've got a really good job, today it would take 10-15 years to do that, unless you get a big mortgage, but then that ends up being another bill you have to pay for years, and another thing I noticed, back then, a single person could afford to buy a house, today that is a lot harder, you need to be a couple to be able to afford to buy the house and the running cost that goes with it. So on the one hand, younger gens have it easy with all the tech and options that are around, but on the other, they are getting a raw deal on the basics that are needed in life.
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