Comments by "" (@jmitterii2) on "Is This The End Of Capitalism? | Answers With Joe" video.

  1. Life expectancy was actually going down 2015-2018 for 3 years in the US. Death to despair in the US and many other nations have been up over the past 10 years: suicide, mass murder and murder suicide, drug overdose. So fuck you and everything is better; you're conflating the helpful but really a thin facade of advancing/improving and implementing technology; that frankly has advanced rather than held flat or worse gone backwards in regions of Europe and rest of the world for the past 400 years; when a region of the world loses technology typically historians earmark those periods as dark ages, those periods don't happen that frequently; Europe and middle east region this has only happened by record about twice: great bronze age collapse and the European Dark Age followed by the Islamic Dark Age; when a region just freezes in technology historians typically call it a isolate technological stagnant region or nation. Most nations and regions of the world haven't been in a dark age for 400 hundred years for region of Europe and Middle East; and the past 100 years many places broke their technological stagnation. But through those advancing times, many terrible times have happened, but one could always point to improving technology that made things more comfortable, all while more people dying or suffering famine or war or oppression or genocide. It's comparing apples to oranges. It's similar to saying: The slave trade in the 1800's wasn't so bad because railroads helped reduce travel time significantly. Or the genocide committed by the NAZIs in Germany wasn't so bad since indoor plumbing was available for their showers. It's absurd. As far as capitalism: it destroys itself. It literally puts itself out of business: if it produces more it eventually can't sell it, and it hates competition despite the entire purpose of profit motive to bring about competition: it kills its competitors in consolidation. Fun fact: first form of capitalism was mercantilism; was an advancement from feudalism; it allowed capital from the few allowed rich merchants to form up with usually nobility or in republics the plutocrat oligarchy that were the only ones who could participate in the democracy of that republic (yes republics existed before the US, like the Dutch and various Italian and German city states). It was to preserve monopoly or oligopoly. Not really intended for profit motive to induce competition. That came later with Adam Smith trying to idealize a purpose for profit motive; he came up with the idea it induces competition... or can anyways. Really depends on the sector... utilities are natural monopolies in that competition is absolutely not practical as water, electric, sewer, etc. lines require economy of scale to make it cheaper for everyone on the system.... even an oligopoly system of 2 or 3 more water line services would double, triple, etc. the cost of such an expensive system that cost multiple increases with every competitor; making prices higher not lower for competition. A new form of economic system will ultimately be a co-op system where employee and employer relationship is ended. It's the only significant change in economic systems from slave to slave master, to feudal serf to feudal lord, to employee to employer that changed and made significant advancements to ALL people in time. So let's remove the pitted relationship of employee to employer: co-op system that provides one vote to all workers of the enterprise for all aspects to the operation of the business. Democratize the workforce; and the labor isn't labor, as a worker you are also a co-owner. Capital formation can still come from credit unions or banks which themselves can be co-op enterprises, as well as a National Reserve Bank or akin to our Reserve Bank that already backstops private for profit banks; they would lend to co-ops. No absolute need for an investor class; hence why such a thing would freak out every oligarch and mini-plutocrat worldwide, but so did the concept of a democratic republic a century ago, and still does today in many countries. But fuck them. It's time to advance beyond and all of us live better lives, and to finally be able to be better custodians of world.
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