@Bluebelle51 Exactly, because Joe is pro-worker, and as shown by this video, his policies reflect that. If Biden wasn't living up to it, Bernie would never support him for any reason.
Biden is less radical than Trump when it comes to catering to the corporations. But he is still a radical billionaire bro. That they paint him as a kind of champion for the working class is saddening...
@@martinfiedler4317 First, Biden's not a billionaire; his net worth is about $10 million according to Forbes. Second, neither Trump nor Biden are radical. People misuse the term all the time to mean extreme or fringe, but it actually means root. As in: radish = root vegetable, radical in math = root, and radical in politics = fundamental systemic change. I would argue that neither Trump nor Biden are radical since they both seek to maintain capitalist order and hegemony. Regardless, you're right-it is sad how Biden is marketed to us as champion of the working class.
Wallstreet insists on pyramid scheming the blue collar class. They got the jail time AND jailess hand slap fines to prove it. Brokers should wear tear drop tattoos so you cant point em out in lineups. Stop bailing out American Cartel.
@@CurraghchaseThe Clintons are a microcosm of the Democratic Party in a nutshell: allow radical conservatives to push the country right, exacerbate inequality & destroy social nets so that when Democrats take office, they can take the "center" and maintain the new, less democratic status quo.
Its a nice saying, but in America the wealthy will wrongly always be put on a pedestal. Because the worked cant donate millions to a political party or swoon Supreme Court justices with gifts and lavish vacations.
Yup. Too bad it's too late for those who've worked until retirement age w/no retirement to show for it b/c of pensions lost to the toxicity of Wall St.
i think it would be the most impactful change we could make to not only our democratic system, but our entirely country. fixing this would allow us to fix a lot more.
"not playing by the rules of the game" that's the neoliberals problem, everyone "playing" the economy "like a game" rather than the center piece of our lives. garbage
Talk about 'trickle down' theory & how it's been proven not to work! Add in substance abuse & deaths of despair...alienation, imperialism, & the need for meaning & purpose
The inherited wealth aristocracy manipulates and orchestrates everything in this country for decades. The trickle down mafia caste rigging everything has the honest hardworking Americans as their serfs and is now outright farming us as their livestock by easily emotionally manipulating the bandwagon of fools who are a danger to themselves and others, too easily manipulated by the trickle down mafia's fake "life" psy ops.
Nope. Sorry. I know we love the "poor put up on citizen" narrative so as to not burn bridges with varying demos but... American voters have made choices, clear choices, for decades now. It's like when people acted as though the Bush Administration "lied us into war". As though there wasn't a clearly articulated counter narrative widely available. It was never "Bush lied and people died" it was "Bush/Cheney Administration lied and despite all the available evidence to the contrary the majority of voters chose to believe the Republican Administration." Ditto "Reaganomics/Trickle Down.
when people are asked what is the most important issue we face they are given a list of choices, among which is the economy. This is not the right word. The word is INCOME!
Well actually, its all about how much you have left over after all expenses are paid. I can sign a $100,000 salary contract, but if it costs me $99,000 to live in the area. Then only if I am lucky to have no accidents or problems will I actually gained money.
Wealth inequality. We're not living in the stone age anymore, there's plenty to go around. The problem is wealth continually concentrating in fewer and fewer hands.
I’m an oldest millennial (class of 2000, baby!). We were lied to our whole lives and have figured that out. And we are ticked off. Our kids, who are starting to hit the job market, have watched us struggle and suffer and have learned from that. Things are changing! 😤
Ticked off and motivated! Also making darn sure my kids know how the system works and how to fact check so they won't have the wool pulled over their eyes. Voting matters!
@@austinhernandez2716”class of 2000” means this person graduated in 2000. No shot is this person Gen Z lmao. I am Gen Z, I was born in 1998. Huge gap there.
Everyone knew what would happen after Clinton signed NAFTA. I started buying made me n USA for my job. Sometimes it took hours of research to figure out what was available. Unfortunately, it’s harder than it used to be, but a lot more products than you think.
@@NitroscionI remember back when NAFTA was being discussed before it was signed, and what happened is exactly what the people opposed to it said would happen.
@@Nitroscion And then Democrats did the shocked pikachu when Clinton lost in 2016. It's like well the first Clinton was terrible for our economy and many of us weren't interested in Clinton part 2. Then it was like REEEEEEE You all aren't feminist enough!!!
Reaganomics, totally free trade... destroys the world. Infinite growth in trade, doesn't mean the people, mines, nor farm land are all infinite... we need managed regulation
One thing that wasn't explained here, Neoliberalism wasn't implemented around the world, it was imposed. It started with the coup in Chile and continued with extortion through the IMF and similar international organizations.
@@suzannecastello4380 ms.castello this was started by dsa folks. If you know anything about dsa then you'd understand they are far from leftist, and the fact you think Bernie is a leftist. Bless your ❤.
@@gannibalof21st Sad but true the US has no true organized leftist movement that actually is left of center with centralists like Bernie sanders being about as left leaning as the current winner takes all 2 party system allows. That said informing others of the complex larger picture of the rise and obscuration of the post WW2 American empire among other things is important if we want to found a real leftist movement in the US. The reason I come here is in the hopes of informing folks of the larger interconnected nature of how our societal problems to get points across and hope to make things a better place. I admit I don't think a true leftist movement in the US is possible ATM as media is almost entirely controlled by right leaning stakeholders who continue to abuse the ratchet effect to push the US further and further to the right. Breaking that right wing think tank stranglehold is important so we need allies if we are to do so. My view is that breaking down the hidden façade of the Globalist empire and how it is maintained by the dark triad of Neocolonialist organizations the World Bank International Monetary Fund and World Trade Organization which exist to further amplify the inequality of imperialism. It is this system which ultimately feeds our environmental crises by making it easier for foreign powers to extract resources and labor from across the world without just due compensation or any say of the indentured countries peoples. So long as the growth centered economy built on empire is allowed to persist we can not address the current crises as making cheaper alternatives has only resulted in increased environmental burden though expanding capacity so we need to try and add voices shifting the narrative towards more sustainable and just economic ideas and practices even if it is just a tiny bit.
@@Jositoooo You aren't going to want to hear this, but when they say the era of neoliberalism is coming to an end, the truth is that the new era that succeeds this is going to be the era of fascism. Blame the Chinese, immigrants, muslims, jewish people, LGBTQ+, etc. America will blame anyone but themselves for their problems.
I know what we were told, but the effects of NAFTA seemed clear and predictable, even at the time. There was a reason so many were protesting that and the WTO. I'm really glad that there's rethinking on the country's priorities and strategies.
“Big Box Mart” by Jib Jab was a thing 20 years ago! The Wal-Mart-ification of America was swift and complete! Now Dollar General is sucking up the leftovers! 😡
What are you talking about, Americans were told they could get cheap stuff and responded accordingly. Ya gotta read the fine print that YOUR jobs are going away even if it seemed obvious
Its amazing that trump could say all those things about free trade and then not do anything to solve the issue and still have millions of the poorest Americans rabidly dedicated to him.
You are severely misguided if you think the poor people are his key supporters. Every fascist in history has managed to get a good part of poor people on his side, because every fascist in history has the logistical support to do so from the rich people and liberals. The democratic party would much rather see a fascist in power than even someone as mildly left-leaning as Bernie - that's why fascists get platformed so damn much in the US, while no socialist/communist/anarchist ever has been.
"Bone spurs" is just the trickle down mafia using a demagogue to exploit the very problems they themselves caused. Unfortunately too many people are too easily manipulated by the trickle down mafia to see what is really going on with such a dangerous malevolent idol.
The economy, aka what I could buy with my money, was so much better under trump. Joe biden has to redefine inflation so he can argue inflation is lowering. Joe biden says he decreased the deficit, and what really happened was he increased the deficit at a lower than previously planned rate. He is a liar. He didn't even support gay marriage until it was cool.
@@jobsavio4797 the people actually doing the work decide who gets paid. no more rental and shareholder bullshit, scalping profits off the value created by the people actually doing the work.
@@jobsavio4797social democracy is the different side of the same coin. it is still capitalism and still doesn’t work for everyone. just the people inside it’s country. they are also prone to backsliding into a neoliberal shithole , ie Englands NHS and its privatization
To be clear, the NAFTA agreement was bipartisan. Although Bill Clinton did sign the NAFTA agreement when he got into office, he did not create it. NAFTA was the brain child of Ronald Reagan who passed the Trade and Tariff Act in 1984, then in 1992 George Bush Senior pushed the NAFTA agreement through congress.
@@brucehamilton3157 NAFTA passed with mainly Republican votes, majority Democrats voted against. And the ONLY Obama bill Republicans voted for was to approve "fast track":authority for the Trans Pacific Partnership . Again, majority of Democrats voted against. I remember Hiliary having to back pedal on her support for it in 2016.
@robertthweatt1900 NAFTA is not the problem. It's China, they literally said it in the video. There is nothing wrong with working with your neighbors to create the most prosperous area I the world. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
What do you do? I got into trades (mechanic) when I was 18, purchased tools, got training and worked hard to better myself for me. 47 now and doing well.
We need diversification in the supply chain not a monopoly. Unless companies are willing to let increased wages cut into their profits, US manufacturing will just make things more expensive and will be outcompeted in overseas markets. And the workers buying power will not be any better than it is today.
All I hear is a bunch of bitching and moaning from American capitalists who fucked up playing their own game. Now they wanna take their ball and go home. It's pathetic,
then you didnt actually watch and listen - congrats. If you actually ARE a fellow leftist, then I guess its the people who think and post like you that are our other big problem. you are beholden to some other failed political economic thing, and you act like its a sport team vs another. Grow up.
From what I can see the capitalists are loving it, they got theirs and are off diddling kids on islands, buying up land as a hedge against a failing dollar, or just fucking off to other countries to live the good life leaving the bottom 90% to pick up the pieces.
@@GabrielHellborne Ultimately The Neoliberal hollowing out of manufacturing was part of a bigger hollowing out internal cannibalization of America by oligarchs addicted to seeing numbers go up. After the post WW2 American economic empire ran out of low hanging fruit to indenture though the brutal loan cartel of the IMF WB and WTO the growth of the economy started to stall out. As a result to maintain their numbers going up they needed an alternative source to keep their profit margins rising so they turned on the labor unions and manufacturing by outsourcing jobs as well as cutting taxes and the various social services and nonprofitable support infrastructure which kept the USA functional to further enrich themselves. With private equity consultancies and other contract oriented outsourcing they even do this to their own corporations leading to increasingly nonfunctional organizations of all kinds. The problem of course is that in hollowing out the US government and outsourcing everything they can they have rendered the empire ever increasingly weak and ineffective unable to sustain itself any longer . The leaders in China, having long focused on longer term growth than the shortsighted western stock markets which were too focused on their next stock return fix, were smart enough to see this coming and also seem to have taken measures to position themselves to exploit this self destructive cycle of western capitalists while likely also helping to accelerate the pace of it as well. In this context China is doing a lot of what the USA did over the 20th century to gradually usurp the control over the empires of European states. By the time the greedy addicts who call the shots in the neocolonial era started paying attention they were already too deep into their greedy indulgence to be able to effectively respond stuck in their own sunken cost fallacy.
13:01 That's the "Walmart Effect" worked on small towns across the country. A Walmart opens, local businesses in that town & towns all around go bankrupt. Then, the store that opened becomes a backwater whose stock deliveries are the leftovers & unsaleable overstocks Walmart can't sell in high-population-area stores. Then DollarTree, DollarGeneral, or FamilyDollar opens up.
It is criminal. But FREE CAPITALISM is always the Republian answer and solution. Because it rewards the Wealthy and anit-union. Europe has a better working class system then America.
Might not see this but I’m a med student in the uk. Your private equity companies are desamating a large part of our NHS. ‘The great NHS heist’ is on CZcams it’s a good start but it’s not perfect and sometimes a little exaggerated. However I’m seeing’ mckinsey & co PowerPoints in mdt meetings. The actions of the uk government, pushing privatisation is interesting since you Americans seem to be switching towards anti big banker w*nker and business b*tch but we seem to be idolising them. Idk but I haven’t seen anyone on the American side review what is being done to the NHS.
Probably because we are busy pointing at the stinking pile of our own healthcare system. For those that refuse to see it, mentioning any other country is responded to with "you can't compare the US and _____ because [BS]". Privatization is definitely a crap plan for a slew of things and it sounds like voters over there have noticed how "efficient" the Tories are at profiting from it.
Yeah you guys about get a lot problem as McKinsey & Co is most evil company in world. They one main reason why USA economy is so screwed and today. If want to know just what kind of problems they cause he short list of result of their action. 1. They help government paid health hospital take money from poor ILLEGAL 2. They contribute to good number layoffs 3. They give Allstate way for them never pay money to people who should be getting money. 4. They make US government pay millions dollars more for resources 5. They advice have killed people before
They're starting to think about it now since more people are becoming poor and not many can afford to buy things anymore, which is just bad for the rich themselves. That's why they're taking actions. This country is just phucked
People can't afford stuff in part because China was a crutch to the problem of inflation leading to wealth flowing upwards. Every year, we have 3% inflation on average, the rich want to make 5% or more extra in profits, while paying their workers 1% more or less. So every year, the middle class and poor have it a little worse. Then china stepped in and raised the quality of life for the average American. Now that we are pulling that back, prices of everything will continue to soar. All china did was hide the fact that every year, the rich take a slightly larger piece of the pie, and now after 60 years, the bottom 99% make less than the 1%.
If you think the rich are driving these changes you still have the wool over your eyes. If your position here were correct, were the elites so aware, Reaganomics would never have begun in the first place. The hyper rich do not care about the consumer market.
so, OP, let me get this straight, some of the rich are willing to make our lives better because it benefits them, and you think that's bad? To quote Carlin "I bet that if you could find a way to make some money off getting rid of the homeless problem, it was disappear just like that" and if someone did, would you complain its bad because some rich person got richer while a problem was reduced or removed? I will take the win almost any way I can get them.
@@xBINARYGODxthey made our lives better by allowing us to buy cheaper Goods while at the same time removing high paying jobs so by the time we realized they had pulled the carpet out it was already too late. That's what he's saying, that's not a win, and nothing like your Carlin comparison.
I also think that a few word choices would make this article hit harder because cost of living didn’t just “rise” It skyrocketed! In my life which I am only 40 I saw three major expenses triple in value in only the past 20 years, which is insane
The problem is that even tho the policies are enacted, worker rights have been cut in many states so they won’t be able to effectively defend themselves whenever a new administration comes in and just reverses everything.
Non-productive capital is the issue. That is, capital that doesn't maintain or create new jobs. That's what happens when virtually everyone puts their money into the stock market. That's how you make a country's economy weak, to the point of breaking it.
High marginal tax rates in the 50s encouraged productive capital, in my opinion. It made sense to just invest capital back in the business because otherwise you’d just be giving it to the government. Stock buybacks being illegal at the time sure helped too.
All capital is the issue because all capital is the accumulation of labor paid. It’s all productive insofar as it is only allowed to be produced in the first place because of its profit potential
The Chinese EV, the Seagull, is a third the cost of a Tesla in terms of the price tag and repairs, and is far more efficient. But instead of forcing U.S. car manufacturers to make something to rival that they cry foul and say that China is undermining us. Because its not about protecting American labor, its about protecting American CAPITAL.
China is not a good example of anything. Corporatists in bed with China IS the underlying problem... neo-whatever... corruption in the public and private sector... undermining workers and families... All of it
Well. Yes, your right, but also yes the Biden champaign is correct. With a side of yes, the anti-capitalists are correct too. It is not excatly a case where anyone is wrong, but more a case where pure math was eventually going to force a result like this from neoliberal economic policy. It was a self fullfilling prophecy.
It is all about narrative. When we look back at so-called Iraq's WMD fabricated evidence, what did happen to America after there was no evidence of WMD there? (where was ICC?) Nothing. It means the US managed to achieve their geopolitical goal in Middle East, no matter what. Just like that!
I love this channel, but praising Biden for doing something that was common practice 70 years ago is so pathetic It's not 'Radical' to reindustrialize your country. The only reason why it's viewed that way is because BOTH parties actively pushed us to this point.
It’s radical in the sense that it is counter to the consensus that both parties, Corporate America, and now private equity have held. The difficulty is the wealthy get wealthier as the game goes on. Sadly the DJT responses to this cycle will do more harm than good. That’s what happens when a big ego and a lack of understanding grab the wheel. It’s going to take decades and discipline to counter the momentum.
MPU is the brainchild of Faiz Shakir, a card-carrying Democrat who has a background of working on things such as managing Bernie’s 2020 campaign. Is it any wonder that he, like Sanders, would defer to Biden when his own program isn’t gaining traction within the party?
"Radical" doesn't mean "crazy," it means "returning to the root." That's what Biden is doing, returning to the root of what built broad American wealth. The Powers That Be don't want broad wealth, they want spectacular concentration of wealth at the top. So of course the Powers are fighting this radical change, and they'll never admit that it's better than trickle-down.
It's all just pretty words in the run-up to Nov. Never were gonna be jobs; it's just another greenback wash cycle. All that incentive money's gotta go somewhere, right?
Interesting how "maximising share price" and "maximising profits" are not synonymous meaning that a company can be running a loss for years but so long as investors think that it will eventually it can just keep running a loss and due to a rise in share value the investors can still make money by selling stocks while the company loses money.
As a Canadian, i remember when the free trade deal was signed, we had a small window manufacturer in a nearby town. There was talk that if the free trade deal happened that they wouldn't be able to compete, they were gone in about a year or so after.
Damage went both ways but it was minor compared with the opportunities that followed, all 3 countries have enjoyed benefits. There is nothing wrong with working with your neighbors to create the most prosperous area in the world. NAFTA is not the problem. It's China, they literally said it in the video. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
Apparently, we're all supposed to forget the way the social safety net was ruthlessly crowbarred out of the bipartisan infrastructure bill. This hagiography of a crass Dixiecrat is far too little and way too late.
It may not address all the issues that just means more stories need to be told...but remember how hard it is to get people who were raised on sesame street to have a long enough atgention span. Things need to be brief, information dense and factually correct and devoid of emotional manipulation with easy to connect dots. The bread crumbs need to be laid out in an easy to follow trail.
The "bipartisan" how do you like your pork bill? Disinformation is the limits of your bot programming. DC is a long train to work in the city & be there for your sons every evening. Why don't you tell everyone how you could better the world with a 1 million dollar Sugar Daddy loan & multiple bankruptcy bailouts?
As much as I hate the online fights about whether the far left should vote for Biden, there is also the thought that maybe the reason Biden went against Neoliberalism was that he was worried about losing Bernie supporters.
Well this comment section is already shaping up to be popcorn worthy. As for the actual content? Well, I got laid off because I was just a number on a spreadsheet. I've also worked a "lean manufacturing" factory job, and have gone through the "Lean Six Sigma" stuff inspired by Jack Welch. And yeah, Biden was just about my last choice for the White House in 2020, but if you thought Trump would have brought back manufacturing jobs and middle class growth, I've got a fresh box of Trump Steaks I'd like to sell you. His ONLY legislative accomplishment was a tax break for the billionaires who treat people like entries on a spreadsheet.
I was a Bernie supporter, and I agree --Biden was way down the list for me. I thought his first two years were surprisingly ok though, given Manchin and Sinema, etc., but somewhere along the line he forgot about the Bernie power, and it feels like he's started listening to Hillary --courting that mythical suburban woman, and also her hawkish Middle East views (and the arrogance and not listening). I do think he still wants to do more of what's in this video, but I worry about his drift to the neoliberal middle, caring more about not pissing off Capital by bringing real change....I'm going to vote for him, so that I have the opportunity to vote in the future, and we have some semblance of a Democracy left, but I'm holding my nose hard and asking forgiveness from the souls of dead children his bombs killed, and his policies starved to death.
I'm still bitter about the Biden rug pull in the democratic primaries I hate Biden and always have as he has always had a strong connection to the American Neocolonial economic empire project as well as a tendency to easily cave to work with right wing bigots' across the Isle. That wishy washy nature made him untrustworthy and his efforts under Obama and his Neoliberal doctrine of inclusion through token membership of minorities to the Oligarch class didn't do anything to help his favor. Lets not forget how many bones Biden has thrown the fossil fuel industry trying to "please all sides" (mostly because of Manchin no doubt but still). I never understood why people could ever vote for trump, sure I distained the toxic Neoliberal Hillary Clinton but Trump is and always has been an unhinged egotistical sadistic psychopath born with a silver spoon and whose only talent aside from money is being a career con artist. Hillary Trump Biden all of them are frankly evil people motivated by self interest but to differing degrees of Evil. Trump notably is a bad faith actor to his core as seen in how he tried to undermine the election, having literally no bottom line in how far he is willing to go or do to get his way and viewing everyone and everything as disposable pawns in his pursuit of power. Sure it wasn't as blatantly obvious before he was elected the first time but all the signs were there of an unhinged untrustworthy man motivated only by pure self interest and ego. The people I talked to asking why they made the choice for trump seem to have at least back then did it mostly as a vote of frustration but talk to them now and most of them are so sunken into the cult lies that you can't reach whatever is left of them without being in their cult. Trump literally uses the same kind of language and appeals as cult leaders....
At this point, if they put up a shoebox full of dead spiders I’d vote for it to keep Trump out of office. If you pay attention to the way the Supreme Court is ruling right now, they’re clearly primed to surge even harder to the right if they get a friendly executive branch. Christian nationalism will absolutely take over if Trump wins in November. We have run out of safe guards. I’ve been hearing unserious hacks tell me every election of my lifetime has been the most epic and profoundly consequential election ever. It’s been bullshit every single time, but we are at a legitimate turning point. Just to be clear, the Democratic Party is culpable. They have repeatedly refused to do what’s right, even when they have had the indisputable majority to do so. They could have legislated federally protected abortion, but didn’t want to give up their political football. Same story as the GOP and immigration. We are at the risk of losing our nation because we’ve been governed by naked self interests and corrupt opportunists.
@@grmpEqweer Not that I disagree with your basic premise, but mercantilism was a distinct phenomenon from capitalism. A precursor to be sure, but not the same thing. In order to steer the course of history it is important to understand it with precision.
If Biden has not got his programs started, we would still be living with Reagan throw a crumb to the poor working class now and then, and that all we got with Demented Reagan.
Companies spending money in other countries is what lead to economic crisis that US is in today and main reason why trickle-down economics will never work for Americans as money never spent on US Citizens.
@@kurtwicklund8901 Saving few millions dollars in pocket doesn’t get you be billionaire. You have spend money to make money and Billionaire spend most money overseas (since billionaire love forcing government to pay for their buildings) to make much higher profit which why tariffs only make thing much more expensive.
@@skylerlightning4620Well. theres more and less to it then that. At the same time. It becomes mathmatically impossible to maintain low inflation if most *wealth* not just money but wealth is not spent and fleeting. And this is because wealth; at least under caputalism can be spent like money. And because money can only gain value by being spent otherwise it has literally zero sum value it does not make anything happen. So money and wealths value is directly tied to how fast it moves through the population, with a faster movement meaning more value; very simple.. But the ways that mathmatic hiccup moves through everything is very complex and always makes its own pathways that could take lifetimes in research and never come up with a satisfactory answer for how. Mostly because that is the line where hard mathmatics and soft social science meet and thats always infinatly complex
@grmpEqweer which is why they're pushing nuclear so hard. Sure the waste lasts millenia, but much like global warming, that will be the futures problem.
The Democratic party is legally allowed to rig their presidential primaries, or choose their POTUS candidate internally. That's legally what they can do. There's a lot of wealthy people funding the Democratic party.
And that's what the democrat party will always do. That's why it's so frustrating seeing progressive people wasting their votes and hopes on those corrupt politicians.
I work in manufacturing directly with VA and we’ve received investment. Complete with new workers and equipment but absolutely no raise in pay for the wage slaves
Agree and he is a NEOCON to the boot. No mention of the two wars which could have been prevented, wars which add to our climate problems and inflation.
In 1995 I bought an American-made Oster hair clipper set for $98. I thought it was worth the money and a good investment. And then in 2018 I bought a Chinese-made Tescom brand for $25 and wondered how it could be considerably cheaper when the cost of most other things had increased😕
Identified the problem correctly, but completely botched the solution. Saying that Biden’s policies are fixing anything radically is utterly ridiculous. MPU or MSNBC?
I don't think the point is that he's so much, done it, but that he has challenged the paradigm. I think Biden needs the fear of Bernie under his butt again. He is sliding back into Hillary reality, and too afraid of pissing off rich people. I do credit him with taking on "Trickle Down Economics" but he's just the person that put a crack in the wall of Neoliberal thinking and tried to do some things that go against the Neoliberal Model. Could have been somewhat better without the Putzes of Sinema and Manchin...
I keep seeing job listings that say entry level at the top of the listing, but the job descriptions call for high levels of expertise and experience in many areas. Now I'm wondering if the employers are scamming the government for tax breaks.
none of these positives apply to my life... we need to be uplifted because we were fucked over by older generations of politicians that aren't even alive today... and their children are not any better.
I seriously dont like the tone of the video also ignoring the fact that the root of these issues is the capitalist system itself, and needs a more drastic shift than the executive policies of the president.
@@Here4TheHeckOfIt It’s working exactly as intended. The disproportionate consolidation of wealth to a privileged few was always the endgame of capitalism; To create a slave class obedient to none other than a corporate oligarchy with the federal government being the middle-man, only for show.
@@Here4TheHeckOfItCapitalism is a competition. Competitions end, the few winners create quasi-monopolies in most markets and buy out the government. That's where we were always headed.
Agreed. This is a bad look. Especially since theyre flat out blaming china for their own mistakes. Also plus, there's no way theyre going to convince progressives and the majority of registered democrats who want a ceasefire to vote on a war criminal based on "the lesser of two capitalist evils and on the grounds of labor. We're killing children right now and he's worried about the middle class? How about you uplift everyone?
more perfect union is really spending a lot of their social capital with this video, leaving them and all the amazing work they've done on super thin ice. "made in America" is a Euphemism for American prison slave labor. the idea that America could just pass a few bills (that will likely be overturned by the next administration) that favor capital holders to further exploit the American tax system and that would change course on decades of economic exploitation and isolate itself from global poverty is ridiculous. no one is free from capitalism and private capital and its hunger for private profits until we all are. we need stronger more concise critiques of capitalism, not "we're fixing capitalism" fairytales.
I see this going on across the border from Canada. It’s driving me crazy because we have a government that has been in power for nearly 10 years and they’re just now investing in manufacturing. They’re likely to lose the next election to a conservative government that will go full bore into neoliberalism. It’s going to be a rough time, especially when we’re beside a country that’s actually investing in revamping their economy.
So glad this is being talked about- who asked for the centre of investment and value added being off shored, along with all the profits and tax revenue- suddenly we are surprised about social collapse and rise of the populist movement to the right wing- only the elites appear to be surprised
Yes, the most glaring contradiction playing itself out currently within the US political class is how quickly & aggressively they will decouple our production from China (strategy, too) Both overarching camps are aware that it must occur in order to maintain US hegemony. Which they're all conveniently in agreement on :) Various organizations & industries stand to lose billions of dollars over the course of the coming decades, depending on how quickly & effectively it is accomplished (or not). So. They're hedging their bets as we speak. Trump got a pretty nice uptick in funding from major players like Ackmann after his conviction. fyi But we'll see how much manufacturing, and in what form, makes its way back to the US. Because it's heading to Haiti, too 👀 fyi And that new semi-conductor manufacturing complex in the heart of the southwest seems like a bad idea with the impending water shortages. Maybe they shouldnt have relied on Taiwan for that anyway. But if you told these guys 30 years ago that they'd lose China, they wouldn't have believed you, so. Hubris :)
...Kind of agreeing with the semi-conductor factory. There's lots of solar power to be had there. If cooling is the issue, maybe an underground loop of waterpipes to cool the water and dump the heat underground?
This video was the first place I heard about the chip factory in NY. With that one, I have heard of three attempts to start a chip manufacturing plant in the US, Wisconsin (which seems to be DOA), Arizona (which seems to be on indefinite hiatus), and now NY.
"not playing by the rules of the game" No we should literally be using public funding to help better develop our worker owned industries that is what we should be doing instead of dumping billions into forever wars
"..there will be a giant sucking sound going South" Robert Reich should have listened to Ross Perot! Not sure why all of us Middle Class common folk and Ross Perot could see the writing on the wall and the "experts" could not, when it came to NAFTA and "Free Trade".
It's ironic that the government must fund this transition. It seems to say that the common good is not served by Capitalism but by the regulators of Capitalism (aka an uncorrupted democratic government). These investments should come from industry, guided by regulations and tax policy.
I am not so sure that even tho the middle class had all the jobs in US, that their income would be better. The corporate greed will always cut cost. If it isn't a specialised job that few can do the pay will never be that good...
I don't really buy political promises that are made when they have elections to lose. The fact that Biden supported and promoted these exact practices for his entire 40+ year political career until only recently makes me skeptical. I'll believe something has changed when I see action, not just talk. The actions taken so far leave much to be desired.
Very anti-china in this video too. Not voting for biden. I don't agree with their effort to view biden's policies as "radical" when it's the same ideology given a new paint. I think they only used the word as clickbait.
It's too bad there is no totally democratic financial system that exists outside of government and billionaire control, is both secure and transparent, AND stable.
If you enjoyed this video, you'll enjoy listening to NPR Marketplace's ongoing "Breaking Ground" series covering this exact topic. "Are we living through an economic turning point?" is the question the series attempts to answer through interviewing employees, companies, and policymakers across the country affected by the new investment policies of the post-neoliberalism era.
Bernie out here spitting the facts decades ago
Yeah, but then he still endorsed Biden
@@Bluebelle51 You're right, we should have let Trump win. That would definitely have improved things.
@Bluebelle51 Exactly, because Joe is pro-worker, and as shown by this video, his policies reflect that. If Biden wasn't living up to it, Bernie would never support him for any reason.
@@matthewcaldwell8100 this. When we get a third party candidate with at least Ross Perot's chances, then you can get picky.
@@Bluebelle51 That's right. And what you're seeing is Bernie's agenda being enacted. Y'all don't know how to take a win when it's handed to you.
Man if Biden is considered radical I don't even know what to call what we really want to happen
Biden is less radical than Trump when it comes to catering to the corporations.
But he is still a radical billionaire bro.
That they paint him as a kind of champion for the working class is saddening...
@@martinfiedler4317 First, Biden's not a billionaire; his net worth is about $10 million according to Forbes. Second, neither Trump nor Biden are radical. People misuse the term all the time to mean extreme or fringe, but it actually means root. As in: radish = root vegetable, radical in math = root, and radical in politics = fundamental systemic change. I would argue that neither Trump nor Biden are radical since they both seek to maintain capitalist order and hegemony. Regardless, you're right-it is sad how Biden is marketed to us as champion of the working class.
He's still a radical neoliberal -- austerity is violence and class warfare.
@@martinfiedler4317 Biden is far from perfect, but he's the only candidate we have that's worth voting for!
@@martinfiedler4317 Name another president that went a legit union strike to side with the workers
Wallstreet helped destroy the middle class.
With help from the Senator from MBNA
Wallstreet insists on pyramid scheming the blue collar class.
They got the jail time AND jailess hand slap fines to prove it.
Brokers should wear tear drop tattoos so you cant point em out in lineups. Stop bailing out American Cartel.
by making them rich and moving them into the upper class
@@SgtJoeSmith
10% of the people hold 75% of the national wealth.
The bottom economic half holds 2.1 percent of the wealth.
@@SgtJoeSmithCan I get some of whatever drugs you're on?
All roads lead back to Reagan.
Reagan & Thatcher gave us 'trickle-down' economics
Don’t let Clinton off the hook. His bad ideas brought us FOX news and Limbaugh.
@@CurraghchaseThe Clintons are a microcosm of the Democratic Party in a nutshell: allow radical conservatives to push the country right, exacerbate inequality & destroy social nets so that when Democrats take office, they can take the "center" and maintain the new, less democratic status quo.
Bingo ! You nailed it !
@Curraghchase I thought Regan destroyed the fairness doctrine that allowed for fox News to become a thing
"That we'll reward work, not wealth in this country" feels like a great motto for the next decade
amen
Its a nice saying, but in America the wealthy will wrongly always be put on a pedestal. Because the worked cant donate millions to a political party or swoon Supreme Court justices with gifts and lavish vacations.
Yup. Too bad it's too late for those who've worked until retirement age w/no retirement to show for it b/c of pensions lost to the toxicity of Wall St.
@@anpdm1 and those of us who's minds and bodies are broken from working under neo liberalism.
But how do you operationalize this mentality?
ranked choice voting would be so beneficial to the people. with our current system a third party could never be voted into the presidency
Agreed!!
i think it would be the most impactful change we could make to not only our democratic system, but our entirely country. fixing this would allow us to fix a lot more.
*with our current votership failing to understand they already don't have to vote for the uniparty, a third party could never...
Fix it for ya.
@@custos3249Fix what? Do you believe the system as is fixes anything?
I disagree
"not playing by the rules of the game" that's the neoliberals problem, everyone "playing" the economy "like a game" rather than the center piece of our lives. garbage
The pie got bigger,fewer people got a slice of it
Or the slice got (more) smaller.
@@martinfiedler4317 all I know is, I'm still hungry
I would say the pie got bigger, but the people who made the pie get crumbs.
Talk about 'trickle down' theory & how it's been proven not to work! Add in substance abuse & deaths of despair...alienation, imperialism, & the need for meaning & purpose
Bingo
TRICKLE DOWN wasn't "the bargain of the last half century," that was not what Americans agreed to, that's what we were subjected to like serfs.
Truth
The inherited wealth aristocracy manipulates and orchestrates everything in this country for decades. The trickle down mafia caste rigging everything has the honest hardworking Americans as their serfs and is now outright farming us as their livestock by easily emotionally manipulating the bandwagon of fools who are a danger to themselves and others, too easily manipulated by the trickle down mafia's fake "life" psy ops.
Nope. Sorry. I know we love the "poor put up on citizen" narrative so as to not burn bridges with varying demos but... American voters have made choices, clear choices, for decades now.
It's like when people acted as though the Bush Administration "lied us into war". As though there wasn't a clearly articulated counter narrative widely available. It was never "Bush lied and people died" it was "Bush/Cheney Administration lied and despite all the available evidence to the contrary the majority of voters chose to believe the Republican Administration."
Ditto "Reaganomics/Trickle Down.
when people are asked what is the most important issue we face they are given a list of choices, among which is the economy. This is not the right word. The word is INCOME!
"economy" is another word for the wallets of the wealthy. it has nothing to do with the lives of most americans.
I agree that the economy doesn’t necessarily correlate to working class people’s income, but cost of living is also a factor.
i would say 2 words. spending and greed
Well actually, its all about how much you have left over after all expenses are paid. I can sign a $100,000 salary contract, but if it costs me $99,000 to live in the area. Then only if I am lucky to have no accidents or problems will I actually gained money.
Wealth inequality. We're not living in the stone age anymore, there's plenty to go around. The problem is wealth continually concentrating in fewer and fewer hands.
I’m an oldest millennial (class of 2000, baby!). We were lied to our whole lives and have figured that out. And we are ticked off. Our kids, who are starting to hit the job market, have watched us struggle and suffer and have learned from that. Things are changing! 😤
Ticked off and motivated! Also making darn sure my kids know how the system works and how to fact check so they won't have the wool pulled over their eyes. Voting matters!
vote blue with me this fall. finish the fight.🔵✊🏻
No one considers you a millennial, you're Gen z. It doesn't really mamter but most people mean 30-40 year olds as the millennial generation.
@@austinhernandez2716”class of 2000” means this person graduated in 2000. No shot is this person Gen Z lmao. I am Gen Z, I was born in 1998. Huge gap there.
@@EdHorlick You want to "finish" the genocide?
Blood soaked ghoul
I hate how this is presented as "who would've known this would happen" politicians and companies always knew.
Everyone knew what would happen after Clinton signed NAFTA. I started buying made me n USA for my job. Sometimes it took hours of research to figure out what was available. Unfortunately, it’s harder than it used to be, but a lot more products than you think.
@@NitroscionI remember back when NAFTA was being discussed before it was signed, and what happened is exactly what the people opposed to it said would happen.
@@Nitroscion And then Democrats did the shocked pikachu when Clinton lost in 2016. It's like well the first Clinton was terrible for our economy and many of us weren't interested in Clinton part 2.
Then it was like REEEEEEE You all aren't feminist enough!!!
Reaganomics, totally free trade... destroys the world. Infinite growth in trade, doesn't mean the people, mines, nor farm land are all infinite... we need managed regulation
One thing that wasn't explained here, Neoliberalism wasn't implemented around the world, it was imposed. It started with the coup in Chile and continued with extortion through the IMF and similar international organizations.
You are giving this place too much credit. This is not a real leftist channel just fyi.
@@gannibalof21st I disagree. It was started by Bernie folks
YES! Thank you!
@@suzannecastello4380 ms.castello this was started by dsa folks. If you know anything about dsa then you'd understand they are far from leftist, and the fact you think Bernie is a leftist. Bless your ❤.
@@gannibalof21st Sad but true the US has no true organized leftist movement that actually is left of center with centralists like Bernie sanders being about as left leaning as the current winner takes all 2 party system allows.
That said informing others of the complex larger picture of the rise and obscuration of the post WW2 American empire among other things is important if we want to found a real leftist movement in the US.
The reason I come here is in the hopes of informing folks of the larger interconnected nature of how our societal problems to get points across and hope to make things a better place. I admit I don't think a true leftist movement in the US is possible ATM as media is almost entirely controlled by right leaning stakeholders who continue to abuse the ratchet effect to push the US further and further to the right. Breaking that right wing think tank stranglehold is important so we need allies if we are to do so. My view is that breaking down the hidden façade of the Globalist empire and how it is maintained by the dark triad of Neocolonialist organizations the World Bank International Monetary Fund and World Trade Organization which exist to further amplify the inequality of imperialism. It is this system which ultimately feeds our environmental crises by making it easier for foreign powers to extract resources and labor from across the world without just due compensation or any say of the indentured countries peoples.
So long as the growth centered economy built on empire is allowed to persist we can not address the current crises as making cheaper alternatives has only resulted in increased environmental burden though expanding capacity so we need to try and add voices shifting the narrative towards more sustainable and just economic ideas and practices even if it is just a tiny bit.
America is like the Titanic. Too big to turn, too slow to react, in denial about sinking, and there aren't enough life boats for everyone.
But, oh-man! Don't vids like this rearrange them deck chairs!?!
both of your are stupid and very simplistic, and there also has to be a bit of post truth there. I guess your THAT kind of leftist.
You should try watching the video. We’ve got a chance to turn things around, and lots of people are trying. Cynical edgelord whining won’t help.
@@Jositoooo
👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼👏🏼
@@Jositoooo You aren't going to want to hear this, but when they say the era of neoliberalism is coming to an end, the truth is that the new era that succeeds this is going to be the era of fascism. Blame the Chinese, immigrants, muslims, jewish people, LGBTQ+, etc. America will blame anyone but themselves for their problems.
Biden implementing anything even mildly progressive economically was not on my bingo card.
I know what we were told, but the effects of NAFTA seemed clear and predictable, even at the time. There was a reason so many were protesting that and the WTO. I'm really glad that there's rethinking on the country's priorities and strategies.
I remember NAFTA. Its consequences were absolutely understood at the time by critics. Clinton didn't care.
“Big Box Mart” by Jib Jab was a thing 20 years ago! The Wal-Mart-ification of America was swift and complete! Now Dollar General is sucking up the leftovers! 😡
What are you talking about, Americans were told they could get cheap stuff and responded accordingly. Ya gotta read the fine print that YOUR jobs are going away even if it seemed obvious
It starts with us - consumers. Demand products produced locally. Sure it will cost more, but think about why we are paying less for junk now.
@@eringo-bragh4243 Yup - it's up to us to purchase with eyes wide open.
"It was a very naive bargain." This has been obvious all along.
Yes, not naive. We were sold out by those in power
Its amazing that trump could say all those things about free trade and then not do anything to solve the issue and still have millions of the poorest Americans rabidly dedicated to him.
Truly the most astounding element in his political career
Confidence Man at his best making things worse
You are severely misguided if you think the poor people are his key supporters. Every fascist in history has managed to get a good part of poor people on his side, because every fascist in history has the logistical support to do so from the rich people and liberals. The democratic party would much rather see a fascist in power than even someone as mildly left-leaning as Bernie - that's why fascists get platformed so damn much in the US, while no socialist/communist/anarchist ever has been.
"Bone spurs" is just the trickle down mafia using a demagogue to exploit the very problems they themselves caused. Unfortunately too many people are too easily manipulated by the trickle down mafia to see what is really going on with such a dangerous malevolent idol.
The economy, aka what I could buy with my money, was so much better under trump. Joe biden has to redefine inflation so he can argue inflation is lowering. Joe biden says he decreased the deficit, and what really happened was he increased the deficit at a lower than previously planned rate. He is a liar. He didn't even support gay marriage until it was cool.
How have we allowed politicians to insult our intelligence for so long?
There's still people that think Reagan was the greatest president we ever had. A lot of people in this country don't have any intelligence to insult
He's a capitalist. The difference is neoliberal shifting to social democracy.
The main problem is capitalism itself
All formal economies are mixtures of capitalism and socialism. They all depend on industrialism. Industrialism is destroying Earth's ecosystems.
Please do enlighten what are the problems with that and how you plan to solve it.
You’re using a capitalist app on a capitalist device. You’re the clown.
@@jobsavio4797 the people actually doing the work decide who gets paid. no more rental and shareholder bullshit, scalping profits off the value created by the people actually doing the work.
@@jobsavio4797social democracy is the different side of the same coin. it is still capitalism and still doesn’t work for everyone. just the people inside it’s country. they are also prone to backsliding into a neoliberal shithole , ie Englands NHS and its privatization
To be clear, the NAFTA agreement was bipartisan. Although Bill Clinton did sign the NAFTA agreement when he got into office, he did not create it. NAFTA was the brain child of Ronald Reagan who passed the Trade and Tariff Act in 1984, then in 1992 George Bush Senior pushed the NAFTA agreement through congress.
@@brucehamilton3157 NAFTA passed with mainly Republican votes, majority Democrats voted against. And the ONLY Obama bill Republicans voted for was to approve "fast track":authority for the Trans Pacific Partnership . Again, majority of Democrats voted against. I remember Hiliary having to back pedal on her support for it in 2016.
@robertthweatt1900 NAFTA is not the problem. It's China, they literally said it in the video. There is nothing wrong with working with your neighbors to create the most prosperous area I the world. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
I’ve worked hard my whole life for 💩 wages and have watched the middle class disappear. I’m tired
What do you do? I got into trades (mechanic) when I was 18, purchased tools, got training and worked hard to better myself for me. 47 now and doing well.
Same
I feel your pain , I collect social security and a small pension and still working.
Should've invested in stocks mang!
We need diversification in the supply chain not a monopoly. Unless companies are willing to let increased wages cut into their profits, US manufacturing will just make things more expensive and will be outcompeted in overseas markets. And the workers buying power will not be any better than it is today.
I wouldn’t argue for huge supply chain diversification but rather fixing the broken laws around our economics (which encourage for price gouging etc)
All I hear is a bunch of bitching and moaning from American capitalists who fucked up playing their own game. Now they wanna take their ball and go home. It's pathetic,
then you didnt actually watch and listen - congrats. If you actually ARE a fellow leftist, then I guess its the people who think and post like you that are our other big problem.
you are beholden to some other failed political economic thing, and you act like its a sport team vs another. Grow up.
From what I can see the capitalists are loving it, they got theirs and are off diddling kids on islands, buying up land as a hedge against a failing dollar, or just fucking off to other countries to live the good life leaving the bottom 90% to pick up the pieces.
They exported their production and other nations beat them at their own game.
@@GabrielHellborne Ultimately The Neoliberal hollowing out of manufacturing was part of a bigger hollowing out internal cannibalization of America by oligarchs addicted to seeing numbers go up. After the post WW2 American economic empire ran out of low hanging fruit to indenture though the brutal loan cartel of the IMF WB and WTO the growth of the economy started to stall out. As a result to maintain their numbers going up they needed an alternative source to keep their profit margins rising so they turned on the labor unions and manufacturing by outsourcing jobs as well as cutting taxes and the various social services and nonprofitable support infrastructure which kept the USA functional to further enrich themselves. With private equity consultancies and other contract oriented outsourcing they even do this to their own corporations leading to increasingly nonfunctional organizations of all kinds.
The problem of course is that in hollowing out the US government and outsourcing everything they can they have rendered the empire ever increasingly weak and ineffective unable to sustain itself any longer .
The leaders in China, having long focused on longer term growth than the shortsighted western stock markets which were too focused on their next stock return fix, were smart enough to see this coming and also seem to have taken measures to position themselves to exploit this self destructive cycle of western capitalists while likely also helping to accelerate the pace of it as well.
In this context China is doing a lot of what the USA did over the 20th century to gradually usurp the control over the empires of European states. By the time the greedy addicts who call the shots in the neocolonial era started paying attention they were already too deep into their greedy indulgence to be able to effectively respond stuck in their own sunken cost fallacy.
All of this! They hate the other guys because they ended up exploiting them instead of the other way around
13:01 That's the "Walmart Effect" worked on small towns across the country. A Walmart opens, local businesses in that town & towns all around go bankrupt. Then, the store that opened becomes a backwater whose stock deliveries are the leftovers & unsaleable overstocks Walmart can't sell in high-population-area stores. Then DollarTree, DollarGeneral, or FamilyDollar opens up.
It is criminal. But FREE CAPITALISM is always the Republian answer and solution. Because it rewards the Wealthy and anit-union. Europe has a better working class system then America.
Greenspan: The US has the highest standards of living in the world.
Bernie Sanders: No we don't !
No we don't is correct. Sweden, Finland, Norway, Denmark, Italy much better quality of life where the working class is valued and rewarded.
Might not see this but I’m a med student in the uk. Your private equity companies are desamating a large part of our NHS. ‘The great NHS heist’ is on CZcams it’s a good start but it’s not perfect and sometimes a little exaggerated. However I’m seeing’ mckinsey & co PowerPoints in mdt meetings. The actions of the uk government, pushing privatisation is interesting since you Americans seem to be switching towards anti big banker w*nker and business b*tch but we seem to be idolising them. Idk but I haven’t seen anyone on the American side review what is being done to the NHS.
Probably because we are busy pointing at the stinking pile of our own healthcare system. For those that refuse to see it, mentioning any other country is responded to with "you can't compare the US and _____ because [BS]". Privatization is definitely a crap plan for a slew of things and it sounds like voters over there have noticed how "efficient" the Tories are at profiting from it.
They've run our healthcare system into the ground. I hope your country is able to keep them at bay 😔
Oh we know. McKinsey is a cancer.
Yeah you guys about get a lot problem as McKinsey & Co is most evil company in world. They one main reason why USA economy is so screwed and today.
If want to know just what kind of problems they cause he short list of result of their action.
1. They help government paid health hospital take money from poor ILLEGAL
2. They contribute to good number layoffs
3. They give Allstate way for them never pay money to people who should be getting money.
4. They make US government pay millions dollars more for resources
5. They advice have killed people before
Talking about "private entity"..?
Heard a little about it.
Just curious.
Until people go to jail, nothing changes.
They're starting to think about it now since more people are becoming poor and not many can afford to buy things anymore, which is just bad for the rich themselves. That's why they're taking actions. This country is just phucked
The government is taking action the Rich don’t care about anyone else and think it their fault for not having good jobs
People can't afford stuff in part because China was a crutch to the problem of inflation leading to wealth flowing upwards. Every year, we have 3% inflation on average, the rich want to make 5% or more extra in profits, while paying their workers 1% more or less. So every year, the middle class and poor have it a little worse. Then china stepped in and raised the quality of life for the average American. Now that we are pulling that back, prices of everything will continue to soar. All china did was hide the fact that every year, the rich take a slightly larger piece of the pie, and now after 60 years, the bottom 99% make less than the 1%.
If you think the rich are driving these changes you still have the wool over your eyes. If your position here were correct, were the elites so aware, Reaganomics would never have begun in the first place. The hyper rich do not care about the consumer market.
so, OP, let me get this straight, some of the rich are willing to make our lives better because it benefits them, and you think that's bad?
To quote Carlin "I bet that if you could find a way to make some money off getting rid of the homeless problem, it was disappear just like that" and if someone did, would you complain its bad because some rich person got richer while a problem was reduced or removed?
I will take the win almost any way I can get them.
@@xBINARYGODxthey made our lives better by allowing us to buy cheaper Goods while at the same time removing high paying jobs so by the time we realized they had pulled the carpet out it was already too late. That's what he's saying, that's not a win, and nothing like your Carlin comparison.
I also think that a few word choices would make this article hit harder because cost of living didn’t just “rise” It skyrocketed! In my life which I am only 40 I saw three major expenses triple in value in only the past 20 years, which is insane
You were at least paying attention. Odd how two of those happened in the wake of Trump's and Bush's unfunded tax cuts. .
They always downplay the unrelenting consequences the middle class faces
I'll never forgive these people for what they did to me and my kids 😡
The problem is that even tho the policies are enacted, worker rights have been cut in many states so they won’t be able to effectively defend themselves whenever a new administration comes in and just reverses everything.
There is nothing radical about "better Capitalism".
Non-productive capital is the issue. That is, capital that doesn't maintain or create new jobs. That's what happens when virtually everyone puts their money into the stock market. That's how you make a country's economy weak, to the point of breaking it.
High marginal tax rates in the 50s encouraged productive capital, in my opinion. It made sense to just invest capital back in the business because otherwise you’d just be giving it to the government. Stock buybacks being illegal at the time sure helped too.
Yes
Where do you think money goes when it is invested in the stock market?
@@larrydugan1441 it goes to the company who usually engages in stock buybacks to enrich investors
All capital is the issue because all capital is the accumulation of labor paid. It’s all productive insofar as it is only allowed to be produced in the first place because of its profit potential
it may be cheaper, but that doesn't mean it's affordable. who cares if it's cheap if you can't afford it
The Chinese EV, the Seagull, is a third the cost of a Tesla in terms of the price tag and repairs, and is far more efficient. But instead of forcing U.S. car manufacturers to make something to rival that they cry foul and say that China is undermining us. Because its not about protecting American labor, its about protecting American CAPITAL.
Yes, and China-bashing is the icing on the cake.
Tesla quality is shoddy due to bad labor practices. Not to mention they openly union bust without repercussions. I'd get a BYD any day over Tesla
Yep. "Nobody gives a care about the fate of labor as long as they can get their instant gratification" - Squidward
China is not a good example of anything. Corporatists in bed with China IS the underlying problem... neo-whatever... corruption in the public and private sector... undermining workers and families... All of it
Well. Yes, your right, but also yes the Biden champaign is correct. With a side of yes, the anti-capitalists are correct too.
It is not excatly a case where anyone is wrong, but more a case where pure math was eventually going to force a result like this from neoliberal economic policy.
It was a self fullfilling prophecy.
STOP EXPERIMENTING WITH THE LIVES OF AMERICANS. People need to jobs to produce income. Being ONLY a consumer is RIDICULOUS!
I distinctly remember when Reagan stopped calling us citizens and started calling us customers.
"China isn't playing by the rules of the game" what a weird way to say "we did this it's our fault" lmao
Good point
Skill issue literally
It is all about narrative. When we look back at so-called Iraq's WMD fabricated evidence, what did happen to America after there was no evidence of WMD there? (where was ICC?) Nothing. It means the US managed to achieve their geopolitical goal in Middle East, no matter what. Just like that!
I love this channel, but praising Biden for doing something that was common practice 70 years ago is so pathetic It's not 'Radical' to reindustrialize your country. The only reason why it's viewed that way is because BOTH parties actively pushed us to this point.
That's the point. It's not radical. It's a return to what built the middle class. The title is meant to be taken tongue in cheek.
It’s radical in the sense that it is counter to the consensus that both parties, Corporate America, and now private equity have held. The difficulty is the wealthy get wealthier as the game goes on. Sadly the DJT responses to this cycle will do more harm than good. That’s what happens when a big ego and a lack of understanding grab the wheel. It’s going to take decades and discipline to counter the momentum.
That's what makes it radical.
MPU is the brainchild of Faiz Shakir, a card-carrying Democrat who has a background of working on things such as managing Bernie’s 2020 campaign. Is it any wonder that he, like Sanders, would defer to Biden when his own program isn’t gaining traction within the party?
"Radical" doesn't mean "crazy," it means "returning to the root." That's what Biden is doing, returning to the root of what built broad American wealth. The Powers That Be don't want broad wealth, they want spectacular concentration of wealth at the top. So of course the Powers are fighting this radical change, and they'll never admit that it's better than trickle-down.
I would love to find one of these new well paying jobs somewhere.
It's all just pretty words in the run-up to Nov. Never were gonna be jobs; it's just another greenback wash cycle. All that incentive money's gotta go somewhere, right?
Right? Where I am, layoffs have been rampant and wages have gone DOWN significantly
Shipbuilding companies are hiring, I can tell you that much
@@user-mn2mw1og8u Not exactly a generalized skillset.
Go to trades school. There's a shortage after hard workers and the pay is great.
Interesting how "maximising share price" and "maximising profits" are not synonymous meaning that a company can be running a loss for years but so long as investors think that it will eventually it can just keep running a loss and due to a rise in share value the investors can still make money by selling stocks while the company loses money.
You should talk to Louis Rossmann about right to repair, right to own what you purchase, and companies with abusive terms of service
Second that.
Great idea!
this. ☝️
As a Canadian, i remember when the free trade deal was signed, we had a small window manufacturer in a nearby town. There was talk that if the free trade deal happened that they wouldn't be able to compete, they were gone in about a year or so after.
Damage went both ways but it was minor compared with the opportunities that followed, all 3 countries have enjoyed benefits. There is nothing wrong with working with your neighbors to create the most prosperous area in the world. NAFTA is not the problem. It's China, they literally said it in the video. Neither Mexico or Canada stole US tech to build weapons aimed towards the USA.
"Post-neoliberal" hell no we aren't, we just upgraded to Neoliberalism 2
Apparently, we're all supposed to forget the way the social safety net was ruthlessly crowbarred out of the bipartisan infrastructure bill.
This hagiography of a crass Dixiecrat is far too little and way too late.
Still no path to universal healthcare every other industrial country has. Too little, too late, and once again will make some people very rich.
Bravo!
It may not address all the issues that just means more stories need to be told...but remember how hard it is to get people who were raised on sesame street to have a long enough atgention span.
Things need to be brief, information dense and factually correct and devoid of emotional manipulation with easy to connect dots.
The bread crumbs need to be laid out in an easy to follow trail.
The "bipartisan" how do you like your pork bill? Disinformation is the limits of your bot programming. DC is a long train to work in the city & be there for your sons every evening. Why don't you tell everyone how you could better the world with a 1 million dollar Sugar Daddy loan & multiple bankruptcy bailouts?
@@mikjbwhy are you dissing Sesame Street?
As much as I hate the online fights about whether the far left should vote for Biden, there is also the thought that maybe the reason Biden went against Neoliberalism was that he was worried about losing Bernie supporters.
Anyone arguing for the far left voting for Biden is delusional and totally illiterate.
0:45 “ WE have the highest standard of living in the world “
WE being the people he cares about
I love how the same people who caused this mess now claim to clean it up.
Well this comment section is already shaping up to be popcorn worthy. As for the actual content? Well, I got laid off because I was just a number on a spreadsheet. I've also worked a "lean manufacturing" factory job, and have gone through the "Lean Six Sigma" stuff inspired by Jack Welch. And yeah, Biden was just about my last choice for the White House in 2020, but if you thought Trump would have brought back manufacturing jobs and middle class growth, I've got a fresh box of Trump Steaks I'd like to sell you. His ONLY legislative accomplishment was a tax break for the billionaires who treat people like entries on a spreadsheet.
I was a Bernie supporter, and I agree --Biden was way down the list for me. I thought his first two years were surprisingly ok though, given Manchin and Sinema, etc., but somewhere along the line he forgot about the Bernie power, and it feels like he's started listening to Hillary --courting that mythical suburban woman, and also her hawkish Middle East views (and the arrogance and not listening). I do think he still wants to do more of what's in this video, but I worry about his drift to the neoliberal middle, caring more about not pissing off Capital by bringing real change....I'm going to vote for him, so that I have the opportunity to vote in the future, and we have some semblance of a Democracy left, but I'm holding my nose hard and asking forgiveness from the souls of dead children his bombs killed, and his policies starved to death.
I'm still bitter about the Biden rug pull in the democratic primaries I hate Biden and always have as he has always had a strong connection to the American Neocolonial economic empire project as well as a tendency to easily cave to work with right wing bigots' across the Isle. That wishy washy nature made him untrustworthy and his efforts under Obama and his Neoliberal doctrine of inclusion through token membership of minorities to the Oligarch class didn't do anything to help his favor. Lets not forget how many bones Biden has thrown the fossil fuel industry trying to "please all sides" (mostly because of Manchin no doubt but still).
I never understood why people could ever vote for trump, sure I distained the toxic Neoliberal Hillary Clinton but Trump is and always has been an unhinged egotistical sadistic psychopath born with a silver spoon and whose only talent aside from money is being a career con artist. Hillary Trump Biden all of them are frankly evil people motivated by self interest but to differing degrees of Evil. Trump notably is a bad faith actor to his core as seen in how he tried to undermine the election, having literally no bottom line in how far he is willing to go or do to get his way and viewing everyone and everything as disposable pawns in his pursuit of power. Sure it wasn't as blatantly obvious before he was elected the first time but all the signs were there of an unhinged untrustworthy man motivated only by pure self interest and ego. The people I talked to asking why they made the choice for trump seem to have at least back then did it mostly as a vote of frustration but talk to them now and most of them are so sunken into the cult lies that you can't reach whatever is left of them without being in their cult. Trump literally uses the same kind of language and appeals as cult leaders....
At this point, if they put up a shoebox full of dead spiders I’d vote for it to keep Trump out of office. If you pay attention to the way the Supreme Court is ruling right now, they’re clearly primed to surge even harder to the right if they get a friendly executive branch. Christian nationalism will absolutely take over if Trump wins in November. We have run out of safe guards. I’ve been hearing unserious hacks tell me every election of my lifetime has been the most epic and profoundly consequential election ever. It’s been bullshit every single time, but we are at a legitimate turning point.
Just to be clear, the Democratic Party is culpable. They have repeatedly refused to do what’s right, even when they have had the indisputable majority to do so. They could have legislated federally protected abortion, but didn’t want to give up their political football. Same story as the GOP and immigration. We are at the risk of losing our nation because we’ve been governed by naked self interests and corrupt opportunists.
Do the steaks come with a complementary bible for only $100 extra for "shipping"?
You're absolutely right
Simplifying global economics to a game fills me with rage.
OK counseling might help.
Might try stopping attempts to manipulate the stock market with global politics disinformation. Maybe get a license for journalism or something.
Capitalism k1lls. It always has, even we called it mercantilism. It's an outgrowth of colonialism.
@@grmpEqweer Not that I disagree with your basic premise, but mercantilism was a distinct phenomenon from capitalism. A precursor to be sure, but not the same thing. In order to steer the course of history it is important to understand it with precision.
@@alphajackal6648
Do me a favor:
Listen to the "Behind the Bastards" episode about the Dutch East India company.
It's uploaded to here.
I could use a good laugh today. Let's hope Biden's "radical" worldview can deliver.
If Biden has not got his programs started, we would still be living with Reagan throw a crumb to the poor working class now and then, and that all we got with Demented Reagan.
...redistribute the pie.
Free America from AIPAC
China gives subsidies: Nooo they're taking over that's unfair!
US gives subsidies: Yea we good
Don't know why they continually say cheaper goods. A bag of chips went from 25 cents to 4 dollars. Things never got cheaper.
Companies spending money in other countries is what lead to economic crisis that US is in today and main reason why trickle-down economics will never work for Americans as money never spent on US Citizens.
it was never meant to work, it was a hoax from the start
The money is not spent it is KEPT. That is how the rich got richer, they KEEP the extra inflow.
@@kurtwicklund8901 Saving few millions dollars in pocket doesn’t get you be billionaire. You have spend money to make money and Billionaire spend most money overseas (since billionaire love forcing government to pay for their buildings) to make much higher profit which why tariffs only make thing much more expensive.
@@skylerlightning4620they have the benefit of government bail-outs when they bet big and bust, but get to keep their profits if they win
@@skylerlightning4620Well. theres more and less to it then that.
At the same time.
It becomes mathmatically impossible to maintain low inflation if most *wealth* not just money but wealth is not spent and fleeting.
And this is because wealth; at least under caputalism can be spent like money. And because money can only gain value by being spent otherwise it has literally zero sum value it does not make anything happen.
So money and wealths value is directly tied to how fast it moves through the population, with a faster movement meaning more value; very simple.. But the ways that mathmatic hiccup moves through everything is very complex and always makes its own pathways that could take lifetimes in research and never come up with a satisfactory answer for how. Mostly because that is the line where hard mathmatics and soft social science meet and thats always infinatly complex
It never made sense to me how it's cheaper to manufacture and ship internationally instead of just having jobs in America.
Slave wages save more than cargo costs. Quite basic.
Giant ships.
@@dionysusnow correct giant ships and cheap oil made it cost effective
@@GrooveTasticThang
...I'm sure some of them know cheap oil will slowly go away.
@grmpEqweer which is why they're pushing nuclear so hard. Sure the waste lasts millenia, but much like global warming, that will be the futures problem.
If only they weren’t so garbage at messaging. Also man, we really passed up a real one (twice) with Bernie.
The Democratic party is legally allowed to rig their presidential primaries, or choose their POTUS candidate internally.
That's legally what they can do.
There's a lot of wealthy people funding the Democratic party.
And that's what the democrat party will always do. That's why it's so frustrating seeing progressive people wasting their votes and hopes on those corrupt politicians.
we???? there was no bargain reached, rich got richer by their own disregard for their fellow americans... same as it has always been
I work in manufacturing directly with VA and we’ve received investment. Complete with new workers and equipment but absolutely no raise in pay for the wage slaves
To be fair, he did start with two words. Then just added another word
An unadvertised sale, buy two get one free!
Are we pretending that Biden's administration isn't neoliberal? Lol
This channel is run by the DNC, so yeah
If we are using the actual definitions of neoliberalism, then no, biden is not a neolib
@@j3dr905 is is entirely neoliberal.
Agree and he is a NEOCON to the boot. No mention of the two wars which could have been prevented, wars which add to our climate problems and inflation.
@@haleybrown2836 How could they have been prevented by Biden?
In 1995 I bought an American-made Oster hair clipper set for $98. I thought it was worth the money and a good investment. And then in 2018 I bought a Chinese-made Tescom brand for $25 and wondered how it could be considerably cheaper when the cost of most other things had increased😕
55% of every corporate board should be held by the workers. No more investor ownership!
Identified the problem correctly, but completely botched the solution.
Saying that Biden’s policies are fixing anything radically is utterly ridiculous. MPU or MSNBC?
Bingo!!!!!!
Another possibility is a commentator who analyzes things by the network carrying the report is a simpleton incapable of genuine insight.
I don't think the point is that he's so much, done it, but that he has challenged the paradigm. I think Biden needs the fear of Bernie under his butt again. He is sliding back into Hillary reality, and too afraid of pissing off rich people. I do credit him with taking on "Trickle Down Economics" but he's just the person that put a crack in the wall of Neoliberal thinking and tried to do some things that go against the Neoliberal Model. Could have been somewhat better without the Putzes of Sinema and Manchin...
@@kurtwicklund8901don't project yourself onto others. And don't use words that sre too big for you.
@@josecipriano3048That's genuine humor. Commenting to insult someone about word usage, then you misspelled are.
"Middle class" is term made to split wealthier workers from other workers.
Middle class means putting your bills on auto-pay and spending the rest of your life servicing debt.
NAFTA and its cheap goods was an absolute disaster for the environment as well.
I keep seeing job listings that say entry level at the top of the listing, but the job descriptions call for high levels of expertise and experience in many areas. Now I'm wondering if the employers are scamming the government for tax breaks.
none of these positives apply to my life... we need to be uplifted because we were fucked over by older generations of politicians that aren't even alive today... and their children are not any better.
If you are in the US…it absolutely does apply to your life at least indirectly. We are talking about community here.
I seriously dont like the tone of the video also ignoring the fact that the root of these issues is the capitalist system itself, and needs a more drastic shift than the executive policies of the president.
The capitalist system needs to be repaired - no doubt.
@@Here4TheHeckOfIt It’s working exactly as intended. The disproportionate consolidation of wealth to a privileged few was always the endgame of capitalism; To create a slave class obedient to none other than a corporate oligarchy with the federal government being the middle-man, only for show.
Exactly @@RadTrashed
@@Here4TheHeckOfItCapitalism is a competition. Competitions end, the few winners create quasi-monopolies in most markets and buy out the government.
That's where we were always headed.
Agreed. This is a bad look. Especially since theyre flat out blaming china for their own mistakes. Also plus, there's no way theyre going to convince progressives and the majority of registered democrats who want a ceasefire to vote on a war criminal based on "the lesser of two capitalist evils and on the grounds of labor. We're killing children right now and he's worried about the middle class? How about you uplift everyone?
The worst part is the people who need this information the most refuse to look at it
Where is all this happening? All I see is factories shutting down and tax dollars by the billions going into projects that are never finished
Bernie Sanders is THE MAN! Biden 2024!
more perfect union is really spending a lot of their social capital with this video, leaving them and all the amazing work they've done on super thin ice. "made in America" is a Euphemism for American prison slave labor. the idea that America could just pass a few bills (that will likely be overturned by the next administration) that favor capital holders to further exploit the American tax system and that would change course on decades of economic exploitation and isolate itself from global poverty is ridiculous. no one is free from capitalism and private capital and its hunger for private profits until we all are. we need stronger more concise critiques of capitalism, not "we're fixing capitalism" fairytales.
Perfect!
The first few minutes would've told you that, the guests and Bernie.
The only increase we saw was the homeless population.
I see this going on across the border from Canada. It’s driving me crazy because we have a government that has been in power for nearly 10 years and they’re just now investing in manufacturing. They’re likely to lose the next election to a conservative government that will go full bore into neoliberalism. It’s going to be a rough time, especially when we’re beside a country that’s actually investing in revamping their economy.
So glad this is being talked about- who asked for the centre of investment and value added being off shored, along with all the profits and tax revenue- suddenly we are surprised about social collapse and rise of the populist movement to the right wing- only the elites appear to be surprised
Yes, the most glaring contradiction playing itself out currently within the US political class is how quickly & aggressively they will decouple our production from China (strategy, too)
Both overarching camps are aware that it must occur in order to maintain US hegemony. Which they're all conveniently in agreement on :)
Various organizations & industries stand to lose billions of dollars over the course of the coming decades, depending on how quickly & effectively it is accomplished (or not).
So. They're hedging their bets as we speak. Trump got a pretty nice uptick in funding from major players like Ackmann after his conviction. fyi
But we'll see how much manufacturing, and in what form, makes its way back to the US.
Because it's heading to Haiti, too 👀 fyi
And that new semi-conductor manufacturing complex in the heart of the southwest seems like a bad idea with the impending water shortages.
Maybe they shouldnt have relied on Taiwan for that anyway.
But if you told these guys 30 years ago that they'd lose China, they wouldn't have believed you, so.
Hubris :)
Honestly, I hope whatever happens, Haiti gets a lot better. They've been through too much.
...Kind of agreeing with the semi-conductor factory. There's lots of solar power to be had there.
If cooling is the issue, maybe an underground loop of waterpipes to cool the water and dump the heat underground?
This video was the first place I heard about the chip factory in NY. With that one, I have heard of three attempts to start a chip manufacturing plant in the US, Wisconsin (which seems to be DOA), Arizona (which seems to be on indefinite hiatus), and now NY.
@@Haibing22
We do have chip factories in the USA, we just need more.
"not playing by the rules of the game" No we should literally be using public funding to help better develop our worker owned industries that is what we should be doing instead of dumping billions into forever wars
bargain. NO! never, not by workers. this started with Nixon in the early 70s
Biden vs. Trump on this issue is -
Reality vs. Reality TV (watched on a Chinese TV).
That's what Trump does. That's all he's ever done.
What do you mean? Biden spent 7.5 billion for 7 EV charging stations. You should get checked for TDS.
Did someone Copypasta the wrong CC in? What's going on here?
This World belongs to workers and makers, not to owners and takers
"..there will be a giant sucking sound going South" Robert Reich should have listened to Ross Perot! Not sure why all of us Middle Class common folk and Ross Perot could see the writing on the wall and the "experts" could not, when it came to NAFTA and "Free Trade".
It's ironic that the government must fund this transition. It seems to say that the common good is not served by Capitalism but by the regulators of Capitalism (aka an uncorrupted democratic government). These investments should come from industry, guided by regulations and tax policy.
Anyone notice that the CC was hijacked?
yeah :(
I think they accidentally loaded the transcript for the previous video
yes, the Russian hackers did it again
Fixed by the time I got here.
I'm disappointed in that they are relying on auto-generated cc. I've had a couple of cool coworkers that were hearing impaired.
They also screwed the American farmers
I am not so sure that even tho the middle class had all the jobs in US, that their income would be better. The corporate greed will always cut cost. If it isn't a specialised job that few can do the pay will never be that good...
GE moved all but a tiny 30% out of the USA.
What do you mean? They sold most parts of GE. Are you including the parts they sold off or the tiny portion they have left?
Laughable you think biden is any better or different than trump. Like he said; "nothing is going to fundamentally change!"
2 sides of rhe same coin
My first memory of 'Free Trade' in Canada was my father losing the job he held for 25 years. 'Free trade' has wrecked the economies of the world.
Insane to think about all the moving pieces. We need smart government now more than ever! Vote blue!!
I don't really buy political promises that are made when they have elections to lose. The fact that Biden supported and promoted these exact practices for his entire 40+ year political career until only recently makes me skeptical. I'll believe something has changed when I see action, not just talk. The actions taken so far leave much to be desired.
You seem inexpert on Biden's career.
yes, taking career politician's word as good faith when their actions are contrary is intellectually dishonest
@@kurtwicklund8901 "inexpert" is an adjective. Also, Biden advocated for and voted for NAFTA. There's no arguing with the record.
This video talks about the actions being done to help YOU. Jesus, pay attention.
Bravo! Finally, a sensible comment!
Wait are you posting this now to encourage people to vote for Genocide Joe Biden?? Boo. I normally love MPU videos but come on guys.
Yea I was kind of surprised to see this, they usually seem to be center/center-left on their videos but this was definitely supporting Biden hard.
This comment needs more myopic hyperbole!!!!!
Bro Trump killed 1000000 Americans by doing NOTHING during covid, and even withheld PPE to frontliners!
You are the genocide all Americans enabler.
Very anti-china in this video too. Not voting for biden. I don't agree with their effort to view biden's policies as "radical" when it's the same ideology given a new paint. I think they only used the word as clickbait.
Ikr? So obviously a campaign ad! (And a pithy one, at that!)
It's too bad there is no totally democratic financial system that exists outside of government and billionaire control, is both secure and transparent, AND stable.
So awesome that we just got a “vote for Biden” campaign ad here 👍
I see Perfect Union is finally getting its funding from the pentagon lol
same thing i thought lol
I hope people can see through how transparently awful this video is. the fact that Biden voted for NAFTA being left out is just the beginning
Imagine how much more could have been done with the money used to fund the Palestinian genocide
Measurably zero.
And we could have stayed out of WW1 & WW2 to what end would have that been?
6.5 billion dollars since October 7th
@@kurtwicklund8901you can defend your favourite genocide-enabler better.
A lot of us were against Nixon going to China from the start!
If you enjoyed this video, you'll enjoy listening to NPR Marketplace's ongoing "Breaking Ground" series covering this exact topic. "Are we living through an economic turning point?" is the question the series attempts to answer through interviewing employees, companies, and policymakers across the country affected by the new investment policies of the post-neoliberalism era.