NEED TO KNOW | A new era of capitalism | PBS

[HolyCity2012]

Run time: 08:07 https://www.youtube.com/watch?v=weGjDr480eg   Posted on YouTube: April 26, 2011 By YouTube Member: PBS Views on YouTube: 27   Posted on DU: April 26, 2011 By DU Member: HolyCity2012 Views on DU: 931

 
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In this new era of capitalism, who do we trust? Markets, regulators or both?
April 22, 2011

At this very early stage in the 2012 presidential campaign, the economy is getting most of the attention. From the deficit to taxes, changing Medicare and Social Security, to raising the debt ceiling — it’s all about the Benjamins and whether the government should play a larger or smaller role in managing the economy.


http://www.pbs.org/wnet/need-to-know/economy/video-in-this-new-era-of-capitalism-who-do-we-trust-markets-regulators-or-both/8820/

[liberation]

1. Yawn...

Capitalism, religion... why do things that depend on "invisible" things always end up as an eternal no true Scotsman fallacy.

Yeah, it could not possibly be that centering our whole socioeconomic system on a very one-dimensional and flawed sociopathic metric like capital, which has very little correlation with any physical reality is a bad idea. We now have the correct soap to water ratio to make the better bubble, for sure this time.

[JHB]

2. Seems to me that "capitalism 4" is a lot like...

..."capitalism 2" (the New Deal) was, once you remove the "capitalism 3" (Reaganomic) spin from the characterization of "capitalism 2".

[szatmar666]

5. LOL, I am afraid you're wrong: 4.0 is 3.0 all over again!

This has NOTHING like the New Deal, it's more like a "student loans till you die", "debtor prison for cancer survivors" type of "Rough Deal".

[JHB]

6. oh, not what we're getting. What it's "supposed" to be.

[Keith Bee]

3. Capitalism isn't the problem

The reckless/cancerous/fuck you/me first bloodletting we've come to "know" as capitalism over the past 30 years is the problem.

[szatmar666]

4. Supply side reaganomics (3.0 & 4.0) has nothing to do with capitalism

it's the elimination of the public sector for no economic purpose or reason whatsoever but simply to wage class warfare against everyone who's not part of the feudal ruling class. It's not "capitalism" AT ALL, it's REVERSE MARXISM. It's taking the ideas behind 20th century bolshevik revolutionary classwar and directing it instead of the private sector like the commies did, against the public sector. It's not even original, they are stealing it from Marx Engels, Trotsky, Lenin etc.

I doubt we'll see "capitalism 4.0" for too long: it's going to collapse under its own weight. It will produce the same unsustainable debt levels and sociopathic unproductive outcomes it's already produced in the US since 1981. What this egghead is saying is that we'll have to cut back on social programs so we can pay student loan interest from cradle to grave. that's the very definition of extreme reactionary supply side marxism for the idle rent collecting trustfund class.