Comments by "Kim O\x27Brien" (@kimobrien.) on "The Devastating Legacy of Obama's Presidency - A Point of No Return | Thomas Sowell" video.

  1.  @ElBestDelWorld  The Bank of England like the Federal Reserve just prints more as the bosses need it.
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  2. In the nations where capitalism developed first they began to export not just their overproduction of goods but capital for the development of the Imperialist economies so their development has been distorted by the needs of monopoly capital in the Imperialist nations. This lead to world war one and the battle over who would control what territory and markets. Free markets if their ever was such a thing were limited to the internal markets of the first nations to undergo capitalist development as they all had protectionist barriers to enable the growth of local industry. Markets in every nation are controlled and regulated by agreements between industry and government leading to the domination by the big investment banks and industrial too big to fail corporations. The United States opposes ant real socialism like in Cuba and instead prefers those countries where politicians and access to markets is unhampered by the local people. The Chinese were able to take advantage of American capitalist greed and build a Chinese capitalism with a huge new working class. Now the American capitalist fear a rising China just as the British Empire feared Germany before world war one.
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  3.  @Smoothoperator65  Sowell plays ball for team Republican a party of wealthy bosses who run a profit system that is in world wide decline.
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  4.  @TheJimicus  Since Nixon ended the gold standard it's been a world of fiat currency among the capitalist nations. Imperialism is the highest stage of capitalism that produces war and revolutions as evidenced by 20 th century history. Using a fiat currency and inflation to rob the working class will NOT solve the problems of capitalism which go deeper into the shift between investment of profits to expand production and to drive up fictitious capital value.
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  5. Soweell wants to have a boss private property hell hole. A situation where the bosses make all the decisions because they own everything. A capitalist free market utopia where they set both the prices you pay at the grocery store and the wages your paid for the work you do.
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  6.  @Smoothoperator65  He's just another idiot who claims he read and understands Marx like Jordan Peterson.
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