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Kim O\x27Brien
CNBC
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Comments by "Kim O\x27Brien" (@kimobrien.) on "Why The U.S. Can’t End Poverty" video.
The workers need to use unon power to fight back against capitalist misery.
31
@tomcat8662 The problems in Appalachia stem from the greed of the coal bosses. They didn't build any factories their because they wanted to have a labor force as controllable as possible for the mines. The West Virginia coal miners fought the bosses ro a standstill in the coal wars of the 1920's. The Coal miners union the only industrial union in the AFL helped built the CIO Industrial unions. FDR had spies in the Union which is why John L Lewis refused to support FDR's last election campaign. The Democrats are the party of Capitalist privilege. The real problem for the bourgeois professor writng about Appalachia is the miners have no respect for a stuffed shirt that doesn't know how to butter bread.
17
@simonrobert869 Capitalism is a world system of production and trade. All talk of independent capitalist nations is even more reactionary than Stalin's socialism in one country. The capitalist exploiters are divided by nation state. Imperialism is still the highest stage of capitalism as these nation states come into conflict driven by the greed of the ruling capitalist classes regardless of the reformist Stalinist or Social Democratic parties they hide behind. The Noe liberalism of the American Imperialist is no more relevant than the Liberal thoeries of the British Imperialist that lead to World War one. Capitalism with Chinese characteristics is challenging the American Imperialist for markets and resources. A trade war is already taking place as another world war looms over humanity.
8
@Shozb0t Bosses want to make the biggest profits which is why they do the things they do. They seek to pay the lowest wages for the longest hours at the fastest rates. The buy the politicians of both parties with campaign donations to get what they want from the government. The problem lies in the capitalist system itself. The profits are a result of the exploitation of the production workers. The bosses replace higher priced skilled labor with unskilled labor and machines to drive profits their way. Then the capital value rises but the total labor exploited goes down so as the prices of the commodity sold sink towards the cost of production. The rate of profit from which the bosses measure success must then fall. To get around this problem the bosses have created a central bank from which to inflate the value of currency instead of using gold as money value. So they bosses no longer have to issue wage cuts which provoke strikes when they can accomplish the same thing by putting more money into the economy and raising prices instead. Since Nixon ended the gold standard the bosses have been giving themselves all the new productivity since the value of property rises faster than wages.
8
@jeffbguarino Capitalist don't need educated people they need workers who follow orders. They replace skilled labor with machines and unskilled labor first. So education becomes nothing but an overhead cost to be minimized just like healthcare. So while the US has no problem building plenty of advanced nuclear weapons and delivery systems it can't educate enough Doctors for its population. Contrast this to revolutionary Cuba able to hold the most powerful Empire at bay with minimal weapons and never having a problem producing enough educated people despite the net emigration. Since the end of the cold war the American Imperialist see other countries as the source of educated people along with cheap labor to be used as needed. The ruling class is more interested in presenting itself as having good manners being diverse and inclusive.
4
The working people need to use union power to fight back against the bosses and create a labor party based upon the unions instead of voting for the two boss parties of capitalism.
4
@Just Be Its a matter of the working class producers taking power from the wealthy capitalist classes on the world scale. Replacing the system of production for profit with a system of production for human needs.
3
@NeatoMosquito44 Capitalism is only about 500 years old. Before capitalism was feudalism where most people lived on the land and engaged in handicraft production. Capitalism created us the industrial workers who build and make everything. Today production is carried out with a world wide division of labor. It is estimated that to build that computer you are using the raw materials and parts pass though one hundred countries before it arrives to the end user. So while production is carried out on a world wide basis the capitalist owners are only small groups who run their business for profit to sell what is produced in a market. The natural working of capitalism have produced national ruling classes that compete for the control of the world market and resource This competition leads to Imperialist war and fascism (war on the trade unions) at home. Its is the tendency of the rate of industrial profit to decline that drives the bosses into class conflict with the workers. Only by taking control of industry can the working people defend their standard of living and move beyond the greed of the capitalist bosses who are driven to maximize profits. Economic crisis is part of the natural workings of capitalism cause by the fact that the workers can not buy back all that is produced. All capital does is accumulate and demand a return on investment. The capitalist become nothing more than a giant cycst on production sucking up surplus value in their ledger books and spread sheets. .
3
@osasereharold-erhabor5405 That is just a term made up by American (United States) Bourgeois Professor to obscure the fact that America (United States) is a capitalist country with a ruling capitalist class. Some parts of the economy are incapable of producing profits with industrial methods or can't be paid for by individuals privately. In those instances the capitalist have their government step in and take charge. The reason is quite simple the capitalist class makes all the decisions with their politicians and intellectuals trained in the neo liberal theories of Milton Freedman where shareholder value and profits come first.
3
@jeffbguarino I guess its a waste of time for me to say anything more. Your mind has already been poisoned with American Imperialist propaganda from the defenders of the Empire.
2
@kickicker6058 Its just the natural working of finance capitalism. Workers need to join unions and use union power to fight back against the fiat currency system. Make wages indexed to inflation and demand governmnet funded public works at union wages.
2
@simonrobert869 Bosses seek to pay the lowest wages, work you the longest hours and at the fastest pace to make the biggest profits. The solution is to stick together and join unions to fight back against the bosses.
2
Banker and Bosses are interested in maximizing profits for themselves. They want us working the longest hours for the lowest wages at the fastest pace. Only by joining unions and fighting back in a collective manner can we change things. The bosses give up nothing without a struggle against them. Theses experts are about as valuable as an old worn out pair of shoes.
2
As long as you have capitalism you will have poverty.
1
Thats because Washington just prints money on command of the biggest banks. By increasing the money supply they increase proprty values while crushing wages. The solution join unions and use the strike weapon against the bosses. Make evry job a union job and demnd that the government fud a real public works program building things we need instead handouts to the too big too fail.
1
@NeatoMosquito44 The cause is capitalism where bosses seek to maximize profits above all else.
1
@jeffbguarino No because the owner of industry only produce for a profit so once the capital value rises and the labor need to produce goes down they just let the industry go into decline and demand bailouts. They demand profits for the value they already have. This is why they produce such economic chaos. If you like you can read Das Kapital where Marx explains how the logic of capitalism leads to its own decline. Capitalism is based in the nation state and theses greedy ruling class go to war over profits. Trump already initialed trade war with China. Biden is continuing the policy. The ruling classes always talk about how they are saving the nation. A friend gets food poisoning so now Cuba is condemned. Canadian business did me wrong once should I condemn the whole Canadian nation over one bad experience? For every three US Doctors who retire one is replaced by an immigrant.
1
@Starfish2145 Regulations written by the bosses two parties are meant to defend profits not ha;t inflation. Only by organizing into unions amd an new independent labor party can change be made.
1
@wrestlerx8494 The actual size of the propertied capitalist ruling class is small but it needs all these paid shills to explain how much its costing the bosses to keep you impoverished. The need to present poverty as an unsolvable problem based upon money. While the real reason we have ppverty is the bosses refuse to use all the industrial capcity because if they were to do so then the profit rates by which they measure success would go down. They talk all day about how then need an incentive before they get out of bed in the morning but the hang on to every penny like it is the last they will ever see.
1
Capitalism can not keep the workers employed without sacrificing the rate of profit. Capitalism is the first system to suffer from periodic crisis caused by overproduction. Where more is produced than can be sold in a market for a profit. Only though over throw of the profit system and establishing socialism over capitalism world wide can humanity progress.
1
@zarach9459 The capitalist lost the cold war since all that happened is they now have more capitalist competition for themselves. As one can see the American capitalist are beginning to once again fear the working class. They've been unable to defeat the continuing Cuban revolution. They have entered a crisis of world trade and production which they have no way out of.but though Imperialist war and fascism (war on the trade unions)..Without the treachery of the Stalinist and the Social Democrats the Imperialist will have to face new revolutions without a leadership willing to sell out and murder the revolutionaries.
1
@conormcmenemie5126 If you want to have a job and get to work a car comes in handy. Doesn't mean you can't do it without one but it much easier to take a car to work than ride a bicycle, walk or take public transit. How good the public transit is depends on the city. Some places its all but nonresistant.
1
@5rings16 The price of labor has risen in China so bosses aren't just investing in new plants their. Some jobs can't be moved their either. We should stop putting up with boss blackmail. If the Chinese workers see us fighting back then so will they. We need to internationalize the labor struggle.
1
@5rings16 Wages stopped following productivity in 1973 according to Federal Reserve stats. Strikes and protest for higher wages and union shop conditions are examples of class struggle. Capitalism lost the cold war as Bushes New World Order has become Bidens "New World Disorder." The long retreat by labor is over.
1