Pt.8 23 Things They Don't Tell You About Capitalism

[Lars77]

Run time: 08:23 https://www.youtube.com/watch?v=3bgcUPRnMls   Posted on YouTube: April 25, 2011 By YouTube Member: TheRealNews Views on YouTube: 259   Posted on DU: April 25, 2011 By DU Member: Lars77 Views on DU: 936

 

[HolyCity2012]

1. Part 1, 2 & 3

23 Things They Don't Tell You About Capitalism Pt.1
"There is no such thing as a free market"
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x569968


23 Things They Don't Tell you About Capitalism Pt.2
"Companies should not be run in the interest of their owners"
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x570994


23 Things They Don't Tell You About Capitalism Pt.3
"Most people in rich countries are paid more than they should be"
http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=385x577018

[PonyJon]

2. Harvard, Wharton, business schools (BS schools),

all the best thinking out of these business schools in the last 50 years is to go where the labor is cheap. Boy that takes a PHD! How about innovation?

[txlibdem]

3. Agreed

I've worked with enough Harvard educated business types to know that daddy must have bribed their way through school anyway. They are the dumbest, laziest and least useful people in any organization. But their words are golden and they never get any backlash when their stupidity costs the company millions.

The interviewee is absolutely correct that economists have done nothing for the economy except piled the jargon and BS sky high so nobody can tell exactly what anyone ever promised or predicted. Now being an economist is a perfect job: even better than weather man.