General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
bj0rn
The Jimmy Dore Show
comments
Comments by "bj0rn" (@TheLivirus) on "Bill Maher Gets Schooled On Economics By Progressive" video.
I finally figured out why years of money printing and bailouts didn't seem to cause inflation: That money simply never reached the hands of most consumers.
44
@LonexX18 I appreciate your insights about financialization of capitalism. Returning some food for thought, my impression is that intensified globalisation has had detrimental effect on capitalism by decoupling consumers and labor. Capitalists on the one hand appreciate consumers and compete to satisfy their needs, but on the other hand they seem show little interest in building consumer markets. Henry Ford's model of giving factory workers sufficient salary to buy the product they made was disturbed by globalisation allowing for having factories in one part of the world and consumer markets elsewhere. Capitalism seems to work best if laborers and consumers are one and the same, providing a healthy synergy between participating in production and enjoying its fruits.
3
Bill Maher must save money in his mattress, because anyone who owned stock was shitting their pants when Dow Jones Industrial Average fell by 30% over the course of a week.
1