Comments by "antonyjh1234" (@antonyjh1234) on "Meritocracy, economic turmoil, and the broken promises of the West | Daniel Markovits FULL INTERVIEW" video.

  1. How much gold, or bank debt these days, one holds is not a definition of wealth, 250 years ago most people were growing their own food on land they barely had to work on to survive, today that is a luxury people dream about, also, the world had 770 million people on it in 1760, today there are 719 million who live on less than 2.15 a day, has poverty really been affected by growth or has growth caused it? edit : it wasn't the growth mentality, it was fossil fules, 1 unit of energy and we get 30 units out means a lot of growth is possible.
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  2. I think there has to be a plan past : affordable" as all money is debt based, as soon as we earn it then it loses value because of the interest rate, until eventually it returns to zero as all debt has too. We could take government spending out of the system, currently 20ish% from memory then all values crash, but it will be relative, overall with job losses and less money in the system means what 20% or people unemployed? Free food, shelter and medical, for all is the low hanging fruit, the least of our emissions and what the world needs, would raise general wellbeing. This whole get a job to be able to get bank debt to be able to survive, has to change to something better than trying to fix it, imo.
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  3. Everything you described was being single minded. We live in a service economy, meaning other people service you and you make very little of what you consume. To support more people or supply more then the reward is greater, to stop that would mean the stopping of the free market and competition.
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