How Capitalism Makes You LESS Free | Grace Blakeley Meets Aaron Bastani

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  • čas přidán 31. 05. 2024
  • Common sense tells us that free-market economies maximise freedom and that planned economies, typically found under socialist governments, curtail it. But what if this is completely the wrong way around?
    On this episode of Downstream Aaron is joined by economist and author Grace Blakeley to discuss Henry Ford, Boeing and the nature of democracy.
    You can buy Grace’s latest book ‘Vulture Capitalism’ here:
    www.bloomsbury.com/uk/vulture...
    00:00 Intro
    03:43 Why I Wrote ‘Vulture Capitalism’
    07:47 Myths About the State and Where They Come From
    15.48 The Problem With Monopolies & Boeing
    25:53 Henry Ford
    38:36 Innovation Myths, Workers & Hierarchy
    55:06 How do you Build a Democratic Society?
    1:01:03 What Is ‘Unfreedom’?
    Novara Live broadcasts every weekday from 6PM on CZcams and Twitch.
    Episodes of Downstream are released Sundays at 3PM on CZcams.
    __________________________
    Support our journalism by buying Novara Media merch:
    shop.novaramedia.com
    Donate one hour’s wage per month, or whatever you can afford:
    novara.media/support

Komentáře • 811

  • @DeltaV-sayno2CCP
    @DeltaV-sayno2CCP Před 19 dny +316

    They want you broke, fearful, helpless, fighting, dumb and ignorant. The system takes from hard working people and gives to the greedy, corrupt liars. Stand up, find your voice and fight back.

    • @coopsnz1
      @coopsnz1 Před 19 dny

      gives to lazy people or poltical class steal it for there own intrest taxes is theft

    • @stevenredpath9332
      @stevenredpath9332 Před 19 dny +28

      You left out isolated. That is the key aspect to it all.

    • @garethatkinson2549
      @garethatkinson2549 Před 19 dny +7

      @stevenredpath9332 that was exactly what I was going to say...

    • @begoode2385
      @begoode2385 Před 19 dny +13

      Now you know what Black people have been dealing with. How does it feel?

    • @JamesWalker-ky5yr
      @JamesWalker-ky5yr Před 19 dny +8

      'the system' is the key. Free market capitalism is a system. Marxist critique is philosophy. The UK has a vestige of feudalism. How does a system come about and what system will displace capitalism in an era of climate catastrophe, mass migration, AI and robotics. The concept of the working class will likely disappear. What are we if we aren't slave, serf or employee?

  • @theredboneking
    @theredboneking Před 19 dny +233

    Mark Twain - 'If voting made any difference they wouldn't let us do it.'

    • @coreyc1685
      @coreyc1685 Před 19 dny +32

      While I agree democracy isn't perfect I would reverse that statement and say if voting didn't have the potential to make a difference authoritarians wouldn't work so hard to take it away from us. The right to vote wasn't handed down to us by benevolent elites. It's not something they 'let' us do. Mass movements fought for it over centuries, opposed every step of the way by wealthy conservative interests.

    • @EmaryTegan
      @EmaryTegan Před 19 dny +27

      “If voting changed anything, they’d make it illegal,” is a famous quote by Emma Goldman, a Russian-born US political activist, anarchist and writer (1869-1940).

    • @gregprocter765
      @gregprocter765 Před 19 dny +18

      @@coreyc1685 just because people fought for a scenario where they get a imagined democracy doesn't change the reality of it being a placebo.

    • @Stoddardian
      @Stoddardian Před 19 dny +3

      Cool it with the anti-Semitic remarks.

    • @autumngraves4322
      @autumngraves4322 Před 19 dny +5

      @@Stoddardiando you get paid to troll or is this something you do as an individualist in your free time?

  • @user-vn5sd9ug5y
    @user-vn5sd9ug5y Před 19 dny +112

    I work in healthcare and Grace is CORRECT about the feedback loop from the ground up. So much of the highest management is disconnected from the realities on the ground and horrible decisions are made as a consequence.

    • @misscogito9865
      @misscogito9865 Před 18 dny +4

      I work in finance and this is also the case.

    • @nasreenakhtar8521
      @nasreenakhtar8521 Před 18 dny +2

      It worked during covid when front line took over planning and implementation of covid jab rollout.

    • @misscogito9865
      @misscogito9865 Před 17 dny

      @@nasreenakhtar8521 excellent point

    • @decadentanciennebourgeoisie
      @decadentanciennebourgeoisie Před 14 dny

      @@misscogito9865cooperative decentralized economy is better and more humane than centralized capitalist economy where BlackRock and VanGuard have 10$ trillion in assets under management worldwide, which gives them enormous control over every aspect of life , and turns us into modern day slaves.

    • @rsimpson69
      @rsimpson69 Před 10 dny +1

      You work in captured industries. They are poor analogs for free market capitalistic effort.

  • @user-ys4ff8cr2w
    @user-ys4ff8cr2w Před 19 dny +222

    "When injustice becomes law, Resistance becomes duty"

    • @begoode2385
      @begoode2385 Před 19 dny

      This country was built on hypocrisy. It’s was never based on justice, only domination.

    • @CHIEF_420
      @CHIEF_420 Před 19 dny +1

      🇺🇲⌚️

    • @sufmeister786
      @sufmeister786 Před 19 dny +7

      💯 Free Free Free Palestine 🇵🇸

    • @benfisher1376
      @benfisher1376 Před 16 dny

      Anymore clichés??😂

    • @tuckerbugeater
      @tuckerbugeater Před 15 dny

      @@sufmeister786 mind control

  • @waynekerr5645
    @waynekerr5645 Před 19 dny +66

    ‘Workers in a sector, that have expertise in that sector, do not need to be managed’. I completely agree. I started work at a large media organisation in the late ‘80s and had one person between me and director level. When I left there were seven people. Managers managing managers made no sense and made my job a ball ache.

    • @philsanders9625
      @philsanders9625 Před 17 dny +2

      Interesting. See on my side in tech, project managers are priceless. They facilitate communication between vastly different teams and views. We've worked a lot with teams that have flat hierarchy structures, and it's a mess. No decision can be made without full attendance, there's never full attendance. Professionals are often placed on the same level as amateurs on a particular topic. It also breeds a very clique attitude to work, where politics are rife and mob rule becomes a huge issue. I truly beleive management is a true skill, but it's based on communication and empathy, rather than force and position. Think of leaders over bosses.
      What do you think about all this? Very different experiences.

    • @jamesregiste960
      @jamesregiste960 Před 16 dny +2

      You just rattled off the usual excuses for hierarchical systems, "I believe," the same as John Locke, !😮😅😊

    • @adamhixon
      @adamhixon Před 7 dny

      In my current job I do have managers but they are very hands off with us. They have the attitude that it is their role to enable us to produce value and that's what they spend most of their time doing. I reach out and contact my manager probably two or three times more often than he contacts me. They only care about the quality and quantity of our productivity. We are judged solely on the job performance rather than on our ability to make ourselves look busy. We've gotten a couple employees over the years that did take advantage of this paradigm but they were pretty easy to spot and get rid of in their first 90 days. For most of us this has been very a effective way of cultivating a workforce that takes pride in their work.

    • @Jamhael1
      @Jamhael1 Před dnem

      From what I see, the problem is not about the need of hierarchy or not, but about the autonomy of workers when given a certain task.
      That is why I trust in a system akin to SF military for work manageament - yes, there is hierarchy, but the hierarchy is defined not by politics, but by competence, and while there is defined timetables and objectives, HOW said things can be achieved is left on the hands of the people in the "field".
      And as a Marxist, I don't know if this is contradictory, but at least is efficient.

  • @kitburns1665
    @kitburns1665 Před 19 dny +45

    Boeing made $60 Billion in stock buy backs rather than develop safety, better pay, or a new plane. . . ..

    • @rsimpson69
      @rsimpson69 Před 10 dny +1

      And you would be freer to choose other options if the regulators were not so captured by the industry, and vice versa.

    • @Mikeybhoy1979
      @Mikeybhoy1979 Před 10 dny +1

      The ills of corporatism and financial deregulation.

  • @willboler830
    @willboler830 Před 19 dny +93

    I've worked in engineering and research, and often times the projects I worked on were disrupted or sabotaged by management. Management was always the disruption in progress.

    • @CuriousCrow-mp4cx
      @CuriousCrow-mp4cx Před 19 dny

      OMG. Any innovation that disrupted the office political hierarchies were always deep sixed, sometimes by sabotage or by literally destroying people's reputations, health, and careers. And on a larger scale, corruption in government, Brexit, and things like the TTIP negotiations, where the US bribed EU Commission functionaries to try and push through a treaty which would have ripped off EU taxpayers (Which the Tories supported, because it would have driven through NHS privatisation). The timely failure off precipitate American oligarchs persuading British Oligarchs that Brexit was necessary, is Techno feudalism writ large on the Global system. Nevermind the absurdities they try to make us believe, so that they can perpetrate atrocities on us and others pursuit of profit. No wonder the global economy is like an overripe fruit, slowly rotting and breaking down as the capitalist global central planning is failing to keep ordinary people healthy, happy, and fed everywhere.

    • @jblazer2492
      @jblazer2492 Před 19 dny +1

      Seagulls?

    • @scooble
      @scooble Před 18 dny +4

      Chess Playing Pigeons:
      They swoop in,
      knock over all the pieces,
      shit all over the board,
      then stomp about like they've won the game

    • @browncow7113
      @browncow7113 Před 18 dny

      Interested to hear some examples, and WHY you think that happens - would it not be in the interests of management to have successful projects?

    • @thomaswikstrand8397
      @thomaswikstrand8397 Před 18 dny +5

      ​@@browncow7113only tangentially. Managers need credit for success, not actual success. Thus they obsess over statistics they can present as achievements.
      And above all, they need to shift the blame for any failures downwards, even if they theoretically get paid more to accept responsibility.

  • @purplecrown505
    @purplecrown505 Před 19 dny +252

    Privatise the gains, socialise the losses: Capitalism in a nutshell.

    • @Stoddardian
      @Stoddardian Před 19 dny +6

      It's brilliant though. All you can do about it is whine like a resentful peasant.

    • @MattAngiono
      @MattAngiono Před 19 dny +22

      ​@Stoddardian this is techno feudalism, so they let the peasants be keyboard warriors...
      Nonetheless, our power to stop this is nonexistent if we can't work together

    • @colorpg152
      @colorpg152 Před 19 dny +10

      @@Stoddardian not any more brilliant than a robber its just immoral

    • @SuperZorgus
      @SuperZorgus Před 19 dny +8

      Isn’t that corporatism really?

    • @MattAngiono
      @MattAngiono Před 19 dny +11

      @@SuperZorgus capitalism is pretty much set to become corporatism and imperialism.
      And apparently, leading back into feudalism, which is essentially where we're at

  • @stephen_pfrimmer
    @stephen_pfrimmer Před 9 dny +3

    Management is not decision-making. Thank you for this Grace and Aaron.

    • @fleetinghopes6448
      @fleetinghopes6448 Před 2 hodinami

      Absolutely correct. Many things have been conflated in the ideology and propaganda of Capitalism to pre-emptively close down debates and options.

  • @farinshore8900
    @farinshore8900 Před 19 dny +32

    Belief that one is powerless makes one less free.

  • @algfourty9185
    @algfourty9185 Před 18 dny +10

    Not sure I've ever disagreed more with Aaron's points than I have during this episode. Chiefly on managers: my brother, you're giving managers far too much credit, particularly middle management if you think this isn't an easily replaced group; most of these people take a business course that detaches them from reality and fluffs their ego until they simply make bad decisions confidently. Agree wholeheartedly with Grace's final point: power and autonomy for everyone is in and of itself a positive for the individual and society.

  • @user-ek9wq5uy6d
    @user-ek9wq5uy6d Před 19 dny +30

    Grace is brilliant. I agree in any working place the shop floor will always be the place where innovation and improvements can be found. But it is also true that a good manager is vital and extremely rare and is always recognised by the shop floor workers .

    • @browncow7113
      @browncow7113 Před 18 dny +1

      This is an important point I think. You maybe box yourself into a bit of a corner if you try to get rid of managers and hierarchy. There are "collaborative" managers and there are dictatorial managers. Similarly there are cases where a hierarchy is just a necessary decision-making device, and other cases where it is a status game.

    • @markwelch3564
      @markwelch3564 Před 17 dny +6

      ​@browncow7113 the best management has support from below
      Bad management has to be imposed from above

    • @zoolghiest7454
      @zoolghiest7454 Před 6 dny

      She really don't have a clue. Donald Trump is the working and middle classes only last hope in America. Back when that man was in office our groceries where affordable, housing was affordable, fuel was affordable, and we weren't involved in funding fools errand proxy wars/and west asian ethno states putting the world on the verge of ww3. He created Peace deals in the Middle east (Abraham accords)and withdrew or tried to withdraw troops out of Syria/Afghanistan. He did domestic Prison reform more than any Democrat ever did. And he had our economy BUMPING. BUT OOOH OH NOOO HE MADE MEAN TWEETS!!

    • @fleetinghopes6448
      @fleetinghopes6448 Před hodinou

      ​@@browncow7113 Yes, it is an important point. And we shouldn't box ourselves into thinking that hierarchical management is the only way to do it. Or that all control should be vested in the management structure alone. Your acknowledgement of "collaborative" managers implies gathering viewpoints/input more widely, which is good, but still the sole decision-making power (i.e. control) vested in a single person (which might be good for simple accountability, but again, we shouldn't box ourselves in to just one model). We can be more innovative, more flexible, more contextual, in how we design decision-making processes. Objectifying or concentrating them in a single person is only *one* way to do it.
      Yes, yes. And agree: Grace is brilliant!

  • @zoo-xibbitjayne2081
    @zoo-xibbitjayne2081 Před 19 dny +34

    Good someone else is finally saying this; ive been marginalized all my life as socially maladapted for voicing these realities.

  • @wannabepolyglott8790
    @wannabepolyglott8790 Před 19 dny +21

    Ah I love Grace. We’re so lucky to have this smart woman fighting for us 🫶🏻

  • @72rmboyd
    @72rmboyd Před 19 dny +17

    Ex workers will not fly on a Boeing plan.
    That's a staggering piece of information

    • @knuckles543
      @knuckles543 Před 18 dny +4

      i mean that's down to capitalistic shortcuts in maintenance and upkeep, cutting corners and low priced parts
      any pilot; no matter how skilled, cannot fly a plane set up to break mid-flight
      it is gross negligence via economic greed, not ''DEI'' like some nutcases and swivel-eyed loons want to pretend it is; their way to defend that failing model of upkeep

  • @sophiejohere
    @sophiejohere Před 19 dny +55

    Grace always has an amazing view point

  • @dmwalker24
    @dmwalker24 Před 19 dny +18

    There seemed to be this suggestion that a group of mechanical engineers would be more capable of running a company than Aaron, which might be true, but isn't even the point. A company wouldn't just be run by engineers. There are accounting, and operations, sales, marketing, quality control, and logistics people, etc. They pool their knowledge, and the result is exponentially better than any group of executives could ever hope to achieve.

    • @MattAngiono
      @MattAngiono Před 19 dny +4

      We need both specialization and generalization to be most effective.
      And we need to have philosophy to tell us what it is we want to value and to effect

    • @Stafus
      @Stafus Před 19 dny

      sales and marketing could easily be done by any tramp on the street.

    • @jbob34345
      @jbob34345 Před 19 dny +1

      I think a company requires competent leadership, just as a ship needs a captain. The world's companies run by committees would be chaos, imo.

    • @knuckles543
      @knuckles543 Před 18 dny +3

      @@Stafus incorrect, you have college degrees on target markets and sales and market economics, understanding that is key, something a random might not have
      also nice generalization, good to know how you think of the people you deem ''lesser'' than yourself and a prospective employee by your standards

    • @CharlesPonsford
      @CharlesPonsford Před 2 dny

      Really? Why do you think this?

  • @facelessvaper
    @facelessvaper Před 18 dny +6

    Walk into any Jobcentre and you will instantly understand we are not free, I figured this moons ago.✌

  • @colleenlally-ross7105
    @colleenlally-ross7105 Před 19 dny +8

    Capitalism for the poor; socialism for the rich. Very sad but very true, unfortunately.

  • @EmmaSolomano
    @EmmaSolomano Před 7 dny +2

    Grace is so fantastic, I could listen to her all day. She speaks about complex topics in an understandable way and does a good job at joining separate concepts and logical arguments together. I've put her book on my reading list!

  • @Kestral1978
    @Kestral1978 Před 19 dny +27

    Unfreedom... Good concept to capture contemporary illusory senses of freedom

  • @Midland_Wolf_71
    @Midland_Wolf_71 Před 19 dny +44

    BIG fan of Grace, looking forward to this… Go on girl….

  • @pbunting5143
    @pbunting5143 Před 19 dny +18

    Grace Blakeley is my favorite guest, though Novara has many I enjoy

  • @EmaryTegan
    @EmaryTegan Před 19 dny +21

    “If voting changed anything, they’d make it illegal,” is a famous quote by Emma Goldman, a Russian-born US political activist, anarchist and writer (1869-1940).

  • @thucydidescallas525
    @thucydidescallas525 Před 23 hodinami +3

    What a brilliant interview!!!!!! My God that was good. I am ordering the book and definitely following Grace’s work. She articulated in so many ways things I’ve believe but have not been able to express. I learned so much and am in total agreement with her about management. Thanks Novara

  • @stevenredpath9332
    @stevenredpath9332 Před 19 dny +20

    The UK has a top heavy government model with the office of the PM being at the top of the hierarchy. We need to take power from the establishment and into our communities.

    • @CuriousCrow-mp4cx
      @CuriousCrow-mp4cx Před 19 dny +2

      You need to do more than that. You need to stop believing absurdities before you stop the atrocities being carried out on you and others. You need to move from blame to accountability, and recognise that here is no free lunch. Unless you do, nothing will change.

  • @chriswills9437
    @chriswills9437 Před 15 dny +2

    A debate between Grace and Liz Truss would be cruel. Grace´s perspective on history is illuminating. Great guest.

  • @pd1323
    @pd1323 Před 19 dny +8

    Grace is refreshing on a Monday morning. Great interview.

  • @leerowland9621
    @leerowland9621 Před 13 dny +2

    Grace for Prime Minister. Her book is excellent, and so is this talk. Thanks.

  • @defaultpanic
    @defaultpanic Před 17 dny +4

    Collectivism requires various things one of which is time, the most underrated asset, the asset which truly exemplifies freedom - which is increasingly being taken from us. For example our own admin which is ballooning, counter intuitively, with the increasing reliance on the internet. Business, or government, has moved their admin on to us under the guise of making things cheaper, or more empowering, when in reality is only making their profits greater and their control easier. In effect we are all now doing their admin for them for free, whilst at the same time giving away our freedom.

    • @fleetinghopes6448
      @fleetinghopes6448 Před hodinou

      💯% Absolutely true!! Yet more cost, profit and risk shifting.

  • @simonecasanova4545
    @simonecasanova4545 Před 18 dny +7

    We need Grace Blakeley in Italy too

  • @kevinpaylor9573
    @kevinpaylor9573 Před 19 dny +6

    another great adult discussion and conversation covering lots of issues. If only the world of politics could be like this.

  • @edobarz
    @edobarz Před 2 dny +2

    Fantastic conversation, I really love this channel. I really dig the concept that capitalism is this entity that wants to purport itself as a "natural" construct, which obviously is not, it has a history and a development and like it was mentioned in this video it has transformed certain ideas across time, to the point of becoming this "invisible, odourless" ideology as old Zizek often points out. Then this ideology creates its own narratives, but because it hinges on the illusion of total individual freedom, it hides the fact that, in time, some elites have formed that now do subtract freedom and limit the rest of society to their own advantage to a degree that has started to drain resources from the public sector. And that is where people sometimes have this wake up moment and notice that things aren't exactly as their politicians describe them. But then there are other countless small lies that are not a direct decision of the ruling elites, but that are a consequence of the system that has been put in place, and I'm talking for example about some appalling policies that companies have, the fact that in order to be competitive (read: save money) they prefer to do internal promotions and put incompetent people to in positions of higher responsibility, or the fact of paying less skilled workers and by doing so effectively reducing the quality of their production and so on. Which leads me to probably the biggest lie of all, that is the concept of the "unskilled worker". This is an outright lie, because if it's a job, and it has to be done at certain standards, there is a skill. If you're not fast enough with the bloody service you don't get a place at Costa. So that's a skill. People working with their own language get minimum pay because, again, this is portrayed as a "natural" asset, therefore devoid of skill. That is untrue, because whatever the job carried out in your natural language, it happens within a certain industrial framework, so there will be other skills that you are required to acquire and if you don't, you're out. In my eyes this all goes to the direction of telling us that we're worthless shits, when in reality the worthless shits are managers that don't recognise human value, that put quality behind profit, and that ultimately contribute to degradation, instead of improvement. But all this, is the consequence of a (economic) culture that by purporting its own pragmatism, being down-to-earth, intellectual freedom, non-ideological character... in reality promotes cynicism, low quality, subjugation, and individualism. It's not just making poorer in the wallet, it's making us poorer in the mind and in our values.

  • @viviansutherland2169
    @viviansutherland2169 Před 19 dny +6

    great commentary, thanks for always introducing us all to such brilliant new thinkers.

  • @juanc3delgado
    @juanc3delgado Před 18 dny +5

    Found this interview so inspirational. Self conscious how bad my individualism is covering my understanding of things

    • @fleetinghopes6448
      @fleetinghopes6448 Před hodinou

      That's been the plan for almost 500 years now. The Enlightenment was focussed on *_individual_* free will, but it has gone way too far now. It is unbalanced and has become counter-productive.

  • @BartAnderson_writer
    @BartAnderson_writer Před 19 dny +17

    Just discovered Grace Blakely.
    Agree or disagree, one gains IQ points just by listening to her.

  • @benjaminmiller3075
    @benjaminmiller3075 Před 16 dny +3

    Regarding innovation...a huge majority of American innovation was based on massive government intervention. From direct financing to funding research universities. Its public money for private profit

    • @fleetinghopes6448
      @fleetinghopes6448 Před hodinou

      And same happening in Big Pharma. Most of the innovation happening in Unis under public funding, then privatised to extract the profits in Big Pharma.

  • @garnhamr
    @garnhamr Před 19 dny +7

    it's like, why can't we buy a house that we live in for our entire lives? why we have to buy a 'starter house' and move and move again, and again. each time it costs 10k in fees and tax... Just another way we get ripped off. the way we live is so in-efficient, unless you're born into wealth though of course.

    • @MattAngiono
      @MattAngiono Před 19 dny +5

      And that's if you're even lucky enough to afford a house at all

    • @Stafus
      @Stafus Před 19 dny +3

      I remember in the 80's when I first heard the phrase property "ladder".
      imaging people talking about a relationship "ladder" !

    • @defaultpanic
      @defaultpanic Před 17 dny +2

      Their are certain communities in our society that have always circumvented this, getting relatively richer as a consequence

  • @aumioishaat8167
    @aumioishaat8167 Před 19 dny +6

    Finished reading Vulture Capitalism not 10 minutes ago and this video drops! Moving forward with not just a clearer understanding of the world, but also how to change it!

    • @jgalt308
      @jgalt308 Před 16 dny

      Interesting. Do you realize that the "capitalism" to which words are attached is no longer "capitalism"?
      Also whatever an economic system turns out to be it is determined by the FORCE of the government in POWER.
      Finally, in those systems where those in POWER use FORCE, if there is not an equally opposing FORCE
      that can counter-act it, those without POWER are by definition "powerless"!
      All else is distraction.
      IGNORANCE IS STRENGTH; it's just not the strength of the ignorant.

  • @TheCazzer28
    @TheCazzer28 Před 19 dny +13

    We love you grace

  • @hens_ledan
    @hens_ledan Před 18 dny +4

    Wow. Grace Blakely is superb.

  • @erikdalna211
    @erikdalna211 Před 18 dny +4

    Excellent genuine Marxist analysis, not distracted by form but rooted in the material substance of power.

  • @Koba262
    @Koba262 Před 19 dny +8

    Galbraith already wrote about the industrial state some 60 plus years ago.The symbiotic relationship between state power and capital is there from the beginning.

  • @user-oc7jh3hw6e
    @user-oc7jh3hw6e Před 14 dny +2

    I've got an offer to study Engineering at Cambridge, and Grace's arguments about empowering workers make far more sense to me than any idea that Engineers are more intelligent than the average worker or trade union. Aaron's train signalling problems could be solved far more quickly by the RMT if they had the power to, than by BAE systems.

  • @Catoo.
    @Catoo. Před 6 dny +1

    Thank you, Grace. Very interesting and informative.

  • @larryyank3566
    @larryyank3566 Před 14 dny +2

    Sounds like Grace, Richard Wolff and Michael Hudson are traveling
    on the same 'Superhighway' ❣️
    Regards, Viet vet/Ecologist VFP

  • @ahguitar1
    @ahguitar1 Před 17 dny +4

    Aaron went down a really weird hole in the 2nd half of this. Essentially claiming that there are individuals so brilliant they have single handedly created their own billion dollar companies.
    But they haven't. The innovations within those companies, the manufacturing power, the systems and processes - they are all created by hundreds of people. The owner/ceo just had the money to pay to find those solutions.
    The owner/ceo doesn't have any of the intelligence or knowledge to do that. They're just the owner. They just have the money to pay someone else to be intelligent.
    Sure. Management is a thing. But it's no more skilled than a social worker. And CEO's/shareholders don't manage. They pay other people to manage. They pay other people to understand aspects of the company and to report their recommendations.

  • @Holismleith
    @Holismleith Před 19 dny +5

    Grace fan here ☝️😎🏴󠁧󠁢󠁳󠁣󠁴󠁿🙏

  • @merbst
    @merbst Před 19 dny +5

    meritocracy is a myth

  • @odetocycling
    @odetocycling Před 19 dny +4

    Always a great guest and I have her book on my birthday wish list. Community Interest Groups (CIGs) are definitely a great way to take back some control at a local level. If you get a chance to join or support a CIG do so with both hands....and if you're lucky enough to be able to financially support CIGs that's a great move also.
    Loving the new geeky student look Grace!

  • @Swanwillow
    @Swanwillow Před 19 dny +6

    FREE MARKET: Refer Hudson's " J is for JUNK ECONOMICS " is the opposite of FREE. But free to exploit your fellow countrymen with overpriced services because you control a vital resource which once was publically owned and provided at cost or even really free. But is now used for rent extraction by extraction of profit on top and shareholder dividends and is not reinvested in such as water services: A rentier economy.

    • @Swanwillow
      @Swanwillow Před 19 dny +3

      We once had the " mixed economy " and that worked really well. The essential services and goods for a healthy economy and society were controlled by the people the rest private economy could do as it wished governed by rules and regs.

    • @Swanwillow
      @Swanwillow Před 19 dny +3

      @darrylsugg7230
      18 minutes ago
      How can we be free when wealth controls everything?

    • @MattAngiono
      @MattAngiono Před 19 dny +1

      I agree.....
      Wealth automatically prevents someone else's freedom to some extent.
      In techno feudalism, we have very little freedom.
      We are just wealth generating pawns for our overlords

  • @MrGalvinjohn
    @MrGalvinjohn Před 19 dny +4

    Brilliant interview

  • @mikecard7913
    @mikecard7913 Před 19 dny +4

    Great information from Grace as per, I wish she spoke at the same rate as Norman Finkelstein. And give my brain time to take it all in.

  • @user-wq9lb6vp2h
    @user-wq9lb6vp2h Před 19 dny +8

    I had a brief conversation with a green councillor recently about proportional representation. He was guardedly supportive citing the risk that it would let right wing representation in as well. I am a great believer in Grace's trust in people. Diversity of opinion is a strength. Testing that opinion in discussion with others is how we develop our thinking and achieve meaningful progress. In the end there is an innate goodness in people which if allowed to will direct their decision making. What gets in the way of this is poverty and being shut out of decision making. This is what gives fascism a voice.

  • @DwynAgGaire
    @DwynAgGaire Před 18 dny +2

    Enticing vision of a system that takes some of the best notions from both the capitalist and socialist ideologies. Love listening to (and looking at) Grace! Keep up the good work!

  • @davegubbins4428
    @davegubbins4428 Před 19 dny +3

    1 more copy sold. engaging, clear explanation of what to expect.

  • @davidalderson4980
    @davidalderson4980 Před 19 dny +3

    Thanks Grace and Aaron. Looking forward to reading the book.
    Sad that Novara attracts so many trolls in the comments.

    • @fleetinghopes6448
      @fleetinghopes6448 Před 57 minutami

      Agree and agree.
      They are all over the place. The Establishment/ancap fanboys/Atlas network ideologues must feel threatened by the powerful analysis, ideas and solutions that Novara, and here, specifically, Grace, are disseminating. They know they cannot win a fair open discussion or argument and like some unipolar hegemon that we won't name resorts to kneecapping any competition (e.g. Cuba, Venezuela, Iran, Indonesia, Russia, now China, and the list goes on and on) to stay number one. For an ideology that touts choice as a its key benefit it sure does a lot of choice/competition suppression... And Adam Smith saw this, as reflected in his many references to "monopoly" (a.k.a. no choice).

  • @vidzkid76
    @vidzkid76 Před 19 dny +5

    One of the most fundamental points which was not discussed here, and I don't know if Grace addresses it in her book, is that believing in political agency comes from experiencing it. Experiencing it requires achieving it. Achieving it requires defeating and supplanting the current system of political agency in the form of the ruling class. That class will not tolerate even the slightest challenge and its power to suppress has gotten to the point where enormous violence will be required to overthrow it. Being willing to make mortal sacrifices in the class war requires a level of faith in the project and in such enormous numbers that is unimaginable. It seems like a chicken and egg problem.

    • @Stafus
      @Stafus Před 19 dny +1

      we are doomed, i'm just glad i'm old enough not to care any more.

    • @defaultpanic
      @defaultpanic Před 17 dny

      And anyway, in a multi-cultural society, there will never be consensus or solidarity. It's a fait accompli...

    • @fleetinghopes6448
      @fleetinghopes6448 Před 13 minutami

      And yet... we have (necessarily) both chickens and their eggs...
      Have faith. We will be free again. But we need to fight to our last breath. But hasn't this always been the way? Our strength is that we are not alone. And our imaginations are _free_ and Grace exemplifies this. We can explore new ideas and come up with *_better solutions_* than now.
      Don't forget that systems change has occurred before and what seemed like "eternal status quo systems" ended and new systems began.
      And this is inevitable since the failing system creates increasing amounts of suffering among the people and this first motivates questioning and then motivates action. The questioning and action need to be directed toward productive and useful change into an effective and efficient new system that works for the people. People such as Grace and organisations such as Novara are working towards discerning what will be productive and beneficial to aim for and to coalesce the questioning and action around. Stay aware. Support positive change. Resist the control over-compensation in the decline of the current system. And yes, the status quo will always resist in every way they contain (e.g. all the tea rolls in these comments) (e.g. a few of the Boeing whistleblowers ended up "dead in mysterious circumstances"...).
      The most dangerous time for the _status quo_ is when the people do not have anything left to lose. Why then do they continue to take everything from us? The ideology and system of Capitalism demand it. That is its inherent nature.

  • @jhegre
    @jhegre Před 19 dny +17

    I always found one of the ugliest lies peddled by the right, by the free market disciples is the so called "freedom of choice".
    This lie is meant to appeal to people's innate fear of losing out. Based on the inane assumption that the players in a free market are not first and foremost preoccupied with making money.
    Of course, as most people know, the fear of losing out is the key ingredience of aggressive marketing.

    • @jbob34345
      @jbob34345 Před 19 dny +1

      That's a bit cynical, isn't the idea that society gets to vote on the products and services it prefers? It broadly works else we'd all be driving Ladas 🚗

    • @mattgilbert7347
      @mattgilbert7347 Před 19 dny +2

      ​@@jbob34345we don't have a say on what goes onto the shelf, we can only choose out of the products that are made available to us.
      There's no voting, not with the ""dollar", although libertarians and Neoliberals love to talk about that because they are terrified of letting people have meaningful choice at the ballot box

    • @jbob34345
      @jbob34345 Před 19 dny

      @@mattgilbert7347 Well by voting with our dollars for the products we buy I think this does influence the products on the shelf - as if a product is crap the company goes bust and the product is gone.. Additionally everyone is free to bring their own product to market. For all its flaws, capitalism is very successful in this regard.

    • @Fishstickification
      @Fishstickification Před 18 dny

      Positive vs. Negative Freedom

  • @e.d.3729
    @e.d.3729 Před 19 dny +7

    that was fantastic. thank you!

  • @Ryan-Fkrepublicnz
    @Ryan-Fkrepublicnz Před 19 dny +3

    No one talks about how our society has now entered CLASS MONOPOLY. As monopoly is exclusion of competitors based upon a competitive advantage yielded by scale or State. Now the entire CLASS of rentiers or Owners have placed all other classes into noncompetitive state through the direct control of capital itself... CLASS MONOPOLY

    • @fleetinghopes6448
      @fleetinghopes6448 Před 5 minutami

      💯% Absolutely correct. And don't forget the Capitalism/donor class capture of the people's monopoly too (i.e. government, monopoly over law/violence). Capitalism now wielding this powerful tool in its own self-interests (e.g. no Corporate tax/offshoring, privatisation, money-printing, endless wars, elimination of competition through regulation, sanctions and regime change or whole of country destruction (e.g. Libya, Syria, Gaza)).

  • @theconversationalpainter2020

    Work or starve, there is no choice in capitalism.

    • @fleetinghopes6448
      @fleetinghopes6448 Před hodinou

      increasingly it is "work *_and_* starve" (a.k.a. the "working poor"). Capitalism opens up choices, but later starts closing them down - ending in Totalitarianism.

  • @AlexWilkinsonYYC
    @AlexWilkinsonYYC Před 19 dny +7

    The part about the Welsh city seems odd. I live in a small town, and I'd love to do projects, like say build a hydroelectric dam or massive solar farm. We have the tractors and know how to do it. The problem is, there is no way in hell we'd be allowed to do it. And even if you were, if you were forced to buy the land there is no way the cost to do the project would be feasible. How is that little Welsh city getting around the legal structures to actually be allowed to do things that serve their local community? Here in Canada the vast majority of that would be illegal. I agree that people should fix local problems, and it's not that we haven't thought of doing that... we're just not allowed to. 🤷‍♂️

    • @JamJam0189
      @JamJam0189 Před 19 dny

      A hydroelectric project for I think it was in Wales it was cancelled I heard on the news an couple of years back

    • @antediluvianatheist5262
      @antediluvianatheist5262 Před 19 dny

      If THEY can't make enough money off of it, it won't happen.

    • @AlexWilkinsonYYC
      @AlexWilkinsonYYC Před 19 dny

      @@antediluvianatheist5262 well that's what I mean... How did Wales do it? In my province in Canada the electric companies would be all over you for creating any sort of power station, it would be absolutely impossible

    • @theskankingpigeon965
      @theskankingpigeon965 Před 18 dny

      @@AlexWilkinsonYYC The Welsh Govt. is actively promoting community hydro projects to help meet its net zero goals. It often provides grants or business rate relief to help these projects.
      I couldn't quite make it out but I think the town she referred to is Blaenau Ffestiniog. I've found a few articles online about various community initiatives there (e.g. on ITV News, WalesOnline), but none that mention hydro power.
      The Community Energy Wales website talks about various community driven renewable energy projects (e.g. YnNi Teg Cyfyngedig (Fair Energy ltd)) but those are all over North Wales. I couldn't find anything specific to Blaenau Ffestiniog.
      Hopefully that's a good starting point for your own research.

    • @fleetinghopes6448
      @fleetinghopes6448 Před minutou

      We all know we live in a rigged system. They don't want ordinary people to have power or to be able to create their own solutions.
      Thats why we need system change. So that the people are empowered to improve their own lives and their own areas and situations.

  • @m.rebman7221
    @m.rebman7221 Před 19 dny +1

    A relatively young person of great promise. A bit animated, but passion in these times is both good and needed.

  • @petersz98
    @petersz98 Před 19 dny +6

    Liked her giving the Blairite Lisa Nandy on Question Time a smack down for stealing Jeremy Corbyn's policy of taking the railways back in to public ownership!

    • @KevenHutchinson-gt1nn
      @KevenHutchinson-gt1nn Před 17 dny

      Thats more of an argument that favors Nandy. Grace said it was an empty manifesto. Nandy pointed out, taking rail back into public ownership, which was also in the 2019 manifesto.

    • @HistoritorJimaldus
      @HistoritorJimaldus Před 17 dny +1

      @@KevenHutchinson-gt1nnso the only thing they had was stolen - it’s empty of any content from Blairites

  • @BantuEconomicServices
    @BantuEconomicServices Před 19 dny +3

    i love this woman

  • @vbdullahm
    @vbdullahm Před 19 dny +2

    Thank you

  • @NeuroPulse
    @NeuroPulse Před 17 dny +1

    When I come across channels like this I'm reminded that there is no limit to how far motivated reasoning can take us. High IQ people are no more immune, but simply travel the path they've chosen faster.

  • @janlaag
    @janlaag Před 19 dny +32

    Capitalism is primarily based on distorted mindsets: it pathologises its own structural shortcomings as if they were isolated issues of the individual whilst distorting the meaning of individual differences until they're utilised to justify decontextualised and/or misplaced hierarchies.
    Seeing Grace explaining why those distortions are indeed distortions is always a pleasure, she's straight to the point, just let her talk you out of the mud and into actual adulthood.

    • @musiqtee
      @musiqtee Před 19 dny +2

      This first paragraph is philosophical ‘gold’.
      “Individualisation of Failure” & “Manufacture of Consent” well explained - Thanks…!

    • @janlaag
      @janlaag Před 19 dny +3

      @@musiqtee Please use it wherever and as much as you will then, just keep it as off from copyrights and distortions as the philosophy of the common good should be... This kind of paragraph is just as gold as it can stick to its purpose (:

    • @Stafus
      @Stafus Před 19 dny +3

      Financial profit is only derived from the deliberate and forceful creation of a large working class.
      Feudalism is to blame for that, then the capitalist took advantage of that ready made class system.
      without that foundational class system capitalism could not exist.
      The hierarchies of feudalism and capitalism are pyramid shaped, while every natural hierarchy of competence is a bell curve (IQ bell curve) with few at the top and bottom and the majority in the middle.
      Pyramid hierarchies are artificial and integral to capitalism/profit, there has to be a very large base of low paid workers in a capitalist hierarchy in order for profit to be generated.

      Financial profit is not possible in a natural (bell curve) hierarchy because there aren't enough people at the bottom to skim labor value from.
      Capitalism is not contrary to feudalism, capitalism is the lying thief that feudalism gave birth to.

    • @myjizzureye
      @myjizzureye Před 19 dny +1

      You talk an awful lot of bollocks.

    • @musiqtee
      @musiqtee Před 19 dny +1

      @@janlaag I “am” that dichotomy… 40 y in music industry, including hearings for copyright law. Being snubbed, snubbing others, getting sick from that and realising I’m fine - The sickness is capitalism, not me…
      Thanks, I’m mentally unable to carry the burden of furthering that distortion… :)

  • @chriswalker7632
    @chriswalker7632 Před 17 dny +1

    Engineers vs Managers: I thought that Grace's response to Aaron's point about Managers was a good one, where she brought up 'Innovation' which she tied to her argument about Freedom. I could feel myself approaching the comments for feedback before she said that. I think that broadly she makes a very good response. Firstly, I haven't been employed for 20 years, but I did study Engineering at Uni. I think, from an Engineering perspective, the way I would frame it would be in terms of Manufacturing vs Products (which I think basically Grace does) rather than Engineers vs Managers the way Aaron posed the question. Or even Manufacturing vs Products like Parents vs Children (to relate it to the last interview with Galloway). For example, a company like Ford and the Managers working within it would place a lot more emphasis on Innovation in the Manufacturing process over Innovation of the Products (Cars) they make - a good example would be in reducing the amount of components they use to make their Cars. So here you could have a hugely 'Innovative' system of repression (as Grace describes) essentially in the way Ford controls the Manufacturing process, making a product that isn't very Innovative (maybe it doesn't push the boundaries of what is possible with Electric Vehicles for example). However, where this gets complicated is when the Technological Innovations in Manufacturing then start to be used in the Products themselves (on one level they'll be cheaper) - the ultimate example would be futuristic Food Replicators (with infinite menu possibilities) or Transporters where the Manufacture and the Product become one and the same entity. But I guess Grace would say here that, despite the infinite possibilities available, everyone would just end up eating Gruel, and maybe she would also say that when you get Transported and turned into a data stream you would actually be killed. Is the structure of our world an inevitable consequence of our connected world though? - to the extent it doesn't matter if we try to make it bottom up rather than top down, it won't change the structure itself? I've taken an interest in the coin flipping game 'winner takes it all' - its a very capitalist way of viewing the world, and the 'winner takes it all' only happens when you have an Authoritarian (knock out rounds) structure to the game where you're only allowed to play two people against each other at a time. Allow everyone to play at once and you'd never get 'winner takes it all' (purely due to probability). The world we have is where some people are allowed to play against more people than others - richer people can play against more people than poorer people can, and so poorer people have worse odds than richer people... So this is either rigged or extremely unlikely.

  • @Gibboncore
    @Gibboncore Před 18 dny +2

    It’s great that Aaron refences Anarcho Syndicalism at 51:50 when talking about the failings of some trade unions. However Anarcho Syndicalim is more than just member run trade unions: neither Grace or Aaron make reference to the fact that many of the topics they are discussing are actually the basic tenets of Anarcho Sydicalism.
    I have ordered the book on the strength of the interview and am looking to reading it.

  • @deemich1815
    @deemich1815 Před 9 dny

    brilliant chat

  • @markritacco270
    @markritacco270 Před 19 dny +5

    Only fools believe that Billionaires get to be Billionaires by being honest, straightforward, trustworthy or supporting the interests of the common person. Admiring the rich, in the hope they will press for YOUR interests.

    • @KevenHutchinson-gt1nn
      @KevenHutchinson-gt1nn Před 17 dny +1

      Whats Del and Rodney got todo with it.

    • @markritacco270
      @markritacco270 Před 17 dny

      @@KevenHutchinson-gt1nn Trotters Independent Traders only became millionaires (made millions selling a rare timepiece originally dismissed as junk) and celebrated it in The Nag’s Head, so they were good. 😎 That was a good one...I didn't even think of "Only Fools" when writing it in the first place. 🎯

  • @danmcqueen5295
    @danmcqueen5295 Před 14 dny

    Great show, great guest!

  • @yeshua64
    @yeshua64 Před 19 dny +14

    Viva la revolución 🇨🇺

  • @scottstevens78
    @scottstevens78 Před 19 dny +5

    Amazing stuff. I am really worried now that the much used analogy of Starmerite Labour and the Tories being " two cheeks of the same arse" is maybe quite accurate! Help!
    I really enjoyed this and thanks for presenting so much food for thought.

  • @jamisony
    @jamisony Před 8 dny +1

    The technology has changed, yet the political process has stayed the same.

  • @gabhanachdenogla8342
    @gabhanachdenogla8342 Před 19 dny +1

    Laissez-faire was mentioned here in Ireland during the famine, the British limited government aid on the basis of those principles.

  • @Richard-ki4nk
    @Richard-ki4nk Před 9 dny

    Good points about people being able to organize and have the responsibility to participate in the governing apparatus

  • @edwardscrase6136
    @edwardscrase6136 Před 14 dny

    "You Keep Using That Word, I Do Not Think It Means What You Think It Means"

  • @reinerz4591
    @reinerz4591 Před 19 dny +1

    Good discussion - can not agree more !

  • @vzgg1973
    @vzgg1973 Před 19 dny

    Great chat -thanks Grace

  • @roders007
    @roders007 Před 19 dny +3

    How is Grace not a model. She is stunning

    • @pavelm.gonzalez8608
      @pavelm.gonzalez8608 Před 18 dny +1

      I'm gay (so I can't feel sexual attraction to women) but she's seems to be a pretty smart and sweetheart lady.

    • @HistoritorJimaldus
      @HistoritorJimaldus Před 17 dny +1

      🙄

    • @JohnnyFriendly
      @JohnnyFriendly Před 16 dny +1

      She has a first class degree from Oxford. Why would someone like that want to be a model?

  • @Ryan-Fkrepublicnz
    @Ryan-Fkrepublicnz Před 19 dny +2

    The difference between a smart worker and an entrepreneur? Access to capital. THAT'S IT.

  • @TakeyMcTaker
    @TakeyMcTaker Před 14 dny +1

    1:05:00 incidentally a good explanation of the US elections in 2016.

  • @larrysherk
    @larrysherk Před 11 dny

    Glad to see this finally ! In capitalism, we are enslaved ultimately to money and its works.

  • @glennrasmussen56
    @glennrasmussen56 Před 19 dny +1

    Its not ford that came up woth the technology and designs for the cars. That was people working there. He just had the money. There is difference between a owner of capital and a innovative person. All people are innovative in their daily lifes when they find new methods to do things , that be at their work or private life.

  • @brainbane8550
    @brainbane8550 Před 18 dny

    Absolutely excellent interview.

  • @joeyrufo
    @joeyrufo Před 17 dny +1

    Grace has a mind like a diamond! 😁

  • @VintageSoloHarmony
    @VintageSoloHarmony Před 18 dny +1

    Regulated markets reduce negative freedom but increase other goods, tax funded public goods increase positive freedom. This is well known like math not politics.

  • @michaelstimpson1137
    @michaelstimpson1137 Před 7 dny +1

    Socialism is the ultimate democracy. It extends down to community level, commune-ism. If everyone has the same means we can all have the same freedoms.
    Capitalism is only freedom if you have the money to be free: live rent free, have money to decide if you work or not, travel if you want. Not only capitalism but also our debt based monetary system were spending 30% of our labour paying the interest on all the money that's ever been created in this system. For the USA it's about a trillion $ a year!

  • @jacquelinemahoney621
    @jacquelinemahoney621 Před 18 dny

    Brilliant always love listening to Grace 😊

  • @kevinpaul4788
    @kevinpaul4788 Před 13 dny

    I'm generaly on the right of politics, but this was a really good debate between both Grace & Aaron.

  • @ricardosharry8944
    @ricardosharry8944 Před 19 dny +3

    More grace please ❤❤❤❤❤

  • @brianwheeldon4643
    @brianwheeldon4643 Před 19 dny +2

    I bet the corporate/governmental administrative elites are really worried by conversations like this; yeah right! Students and liberal elites have been talk-festing just so for decade upon decade. As a commentator below in the youtube comments remarks "When injustice becomes law, Resistance becomes duty". The latter is the only right comment in the face of the uniparty regimes in the UK, USA, NZ.

    • @Stafus
      @Stafus Před 19 dny

      the feudal lords and the capitalists have been using violence to win for thousands of years..... they wont be beaten.

  • @riffraffrichard
    @riffraffrichard Před 8 dny +2

    I think he isn’t understanding her critique on the entrepreneur genius leader. Yes they can problem solve and innovate to create new material progress for people. However, they are often not interested in the quality of lives of their actual workers and what sacrifices they are making for their employee. In Kant words they are of the ‘end justifies the means’ philosophy, not caring how things get done, just that they meet the deadline. Capitalism often denies the Buddhism truism of all we have is now, if we are working in bad conditions we are being robbed of life. Humans aren’t lazy to want a life that is balanced. As a teacher I see how overworked parents are, meaning they spend less time with their family. There is much more to life that just work and work should have a sense of dignity and humanity not just a focus on efficiency.

  • @anttijumppainen9213
    @anttijumppainen9213 Před 17 dny

    Great!! Thank you.

  • @pensarfeo
    @pensarfeo Před 8 dny

    Just because some people are more able (better), than other it does not mean they have to be infinitely rewarded.

  • @nawafdreams
    @nawafdreams Před 15 dny

    🎯 Key Takeaways for quick navigation:
    00:00 *🔥 Individualism is undermining our ability to demand change through collective action*
    - Individualism is the foundation of the idea that society is divided into rulers and the ruled.
    00:41 *🌐 The myth of free markets and free people*
    - We are told we live in a free market system where people are free, but this is a false dichotomy.
    01:24 *🤝 Challenging the free market vs. central planning narrative*
    - The author aims to challenge the common narrative that free markets are inherently more free than centrally planned economies.
    02:22 *📚 The author's new book "Vulture Capitalism"*
    - The book is a compilation of anecdotes and real-world examples that support the author's theoretical arguments.
    04:01 *🏦 The pandemic and the illusion of socialism*
    - During the pandemic, governments and central banks rushed to bail out large corporations, leading some to claim we were seeing a shift towards socialism.
    06:05 *🌍 Reconsidering the free market vs. central planning dichotomy*
    - The author challenges the common dichotomy between free market capitalist societies and centrally planned socialist societies.
    07:26 *📱 Extending the analysis to social media*
    - The author draws parallels between the centralized planning within the economy and the surveillance and control exercised by social media companies.
    08:36 *🏛️ The origins of the free market vs. central planning dichotomy*
    - The author traces the origins of the free market vs. central planning dichotomy to the legacy of the Cold War and the debates between Keynesians and Hayekians.
    11:50 *🏢 Applying Hayek's arguments to corporate power*
    - The author argues that Hayek's critiques of centralized planning could also be applied to the power of large, monopolistic corporations and financial institutions.
    13:53 *🏪 The decline of the high street and the rise of monopolistic power*
    - The author uses the example of the high street to illustrate the decline of small and medium-sized enterprises in the face of concentrated corporate power.
    00:00 *🔥 Individualism undermines collective action for change*
    - Individualism is the foundation of the idea that society is divided into rulers and the ruled.
    00:41 *🌐 The myth of free markets and free people*
    - We are told we live in a free market system where people are free, but this is a false dichotomy.
    01:24 *🤝 Challenging the free market vs. central planning narrative*
    - The author aims to challenge the common narrative that free markets are inherently more free than centrally planned economies.
    02:22 *📚 The author's new book "Vulture Capitalism"*
    - The book is a compilation of anecdotes and real-world examples that support the author's theoretical arguments.
    04:01 *🏦 The pandemic and the illusion of socialism*
    - During the pandemic, governments and central banks rushed to bail out large corporations, leading some to claim we were seeing a shift towards socialism.
    06:05 *🌍 Reconsidering the free market vs. central planning dichotomy*
    - The author challenges the common dichotomy between free market capitalist societies and centrally planned socialist societies.
    07:26 *📱 Extending the analysis to social media*
    - The author draws parallels between the centralized planning within the economy and the surveillance and control exercised by social media companies.
    08:36 *🏛️ The origins of the free market vs. central planning dichotomy*
    - The author traces the origins of the free market vs. central planning dichotomy to the legacy of the Cold War and the debates between Keynesians and Hayekians.
    11:50 *🏢 Applying Hayek's arguments to corporate power*
    - The author argues that Hayek's critiques of centralized planning could also be applied to the power of large, monopolistic corporations and financial institutions.
    13:53 *🏪 The decline of the high street and the rise of monopolistic power*
    - The author uses the example of the high street to illustrate the decline of small and medium-sized enterprises in the face of concentrated corporate power.
    20:52 *🛫 The case of Boeing and the limits of state regulation*
    - The author uses the example of Boeing and its scandals to illustrate how the state's ability to regulate powerful corporations is limited by the deep connections between the state and corporate interests.
    25:12 *💼 The case of Henry Ford and the evolution of corporate planning*
    - The author examines the history of the Ford Motor Company to illustrate how planning has evolved within capitalist systems.
    36:09 *🔍 Reassessing the role of planning in capitalism*
    - The author argues that planning has always been a fundamental aspect of capitalism, challenging the idea that it is limited to centralized, state-led models.
    00:00 *🔥 Individualism undermines collective action for change*
    - Individualism is the foundation of the idea that society is divided into rulers and the ruled.
    00:41 *🌐 The myth of free markets and free people*
    - We are told we live in a free market system where people are free, but this is a false dichotomy.
    01:24 *🤝 Challenging the free market vs. central planning narrative*
    - The author aims to challenge the common narrative that free markets are inherently more free than centrally planned economies.
    02:22 *📚 The author's new book "Vulture Capitalism"*
    - The book is a compilation of anecdotes and real-world examples that support the author's theoretical arguments.
    04:01 *🏦 The pandemic and the illusion of socialism*
    - During the pandemic, governments and central banks rushed to bail out large corporations, leading some to claim we were seeing a shift towards socialism.
    06:05 *🌍 Reconsidering the free market vs. central planning dichotomy*
    - The author challenges the common dichotomy between free market capitalist societies and centrally planned socialist societies.
    07:26 *📱 Extending the analysis to social media*
    - The author draws parallels between the centralized planning within the economy and the surveillance and control exercised by social media companies.
    08:36 *🏛️ The origins of the free market vs. central planning dichotomy*
    - The author traces the origins of the free market vs. central planning dichotomy to the legacy of the Cold War and the debates between Keynesians and Hayekians.
    11:50 *🏢 Applying Hayek's arguments to corporate power*
    - The author argues that Hayek's critiques of centralized planning could also be applied to the power of large, monopolistic corporations and financial institutions.
    13:53 *🏪 The decline of the high street and the rise of monopolistic power*
    - The author uses the example of the high street to illustrate the decline of small and medium-sized enterprises in the face of concentrated corporate power.
    20:52 *🛫 The case of Boeing and the limits of state regulation*
    - The author uses the example of Boeing and its scandals to illustrate how the state's ability to regulate powerful corporations is limited by the deep connections between the state and corporate interests.
    41:56 *🚇 The potential of worker-led innovation and planning*
    - The author argues that workers often have the expertise and ability to collectively manage and innovate within their industries, challenging the notion that they need to be tightly controlled.
    49:34 *🤝 Balancing worker self-management and broader democratic oversight*
    - The author acknowledges the need to balance worker self-management with broader democratic oversight and accountability, rather than simply handing complete control to workers in any given firm or industry.
    57:44 *💪 Overcoming individualism and building collective power*
    - The author argues that individualism is a key barrier to demanding and achieving systemic change, as it undermines our ability to organize collectively.
    01:00:02 *🌍 Critiquing the decline of engineering culture in the West and the rise of China*
    - The author acknowledges the concerns about the perceived decline of engineering culture and problem-solving in the West, exemplified by examples like the film "Bridge Over the River Kwai."
    01:01:09 *🤔 Defining freedom and the potential role of the state*
    - The author challenges the simplistic notion of freedom as the absence of external constraints, arguing that true freedom is more complex and multifaceted.
    01:01:36 *🗽 Redefining freedom beyond just the absence of constraints*
    - The author challenges the narrow definition of freedom as simply the absence of external constraints.
    01:03:27 *🤔 Skepticism about the potential for Labor government reforms*
    - The author is not particularly optimistic about a Labor government's ability to enact significant macroeconomic changes.
    01:06:10 *🤝 Reconciling the tensions between different groups' notions of freedom*
    - The author acknowledges the potential for conflicts between different groups' understandings of freedom, such as the desire for lower immigration among some right-wing voters.
    01:08:29 *🌟 Optimism for the future based on people's capacity for collective action*
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  • @loripapapetros4894
    @loripapapetros4894 Před 19 dny +2

    McDonald'Douglas even had a shared accounting system with the Pentagon what could go wrong.