blackrock could be right about the business cycle ending because once the oligarchs own everything we will enter a crueler version of monarchy in which serfs have no rights and the masters have no compassion. free luigi
Unemployment was stably low when both corporate tax rates and union participation were at their highest in the US. It is a broad correlation as far as I know, but I believe there are elements of causation that could be sussed out and used to improve the status quo.
I agree there was causation, and I think it worked approximately like this: high corporate tax rates (and high personal income tax rates) forced businesses to invest their revenue in growing their businesses in slow and steady ways. They couldn't just focus on quarterly earnings and squeeze cash out of their businesses in the form of CEO bonuses and short-term shareholder profits, because money in these forms was highly taxed. It was more profitable, over the long term, to expand their work forces and increase worker compensation, because these things grow the business and yield increased profits over time As for high union participation: the organized working class was in a strong position to hold owners' feet to the fire, keeping them from giving up on the slow-and-steady, long-term strategy outlined above. Short-term cash grabs are always more appealing, but the workers had leverage and used it to protect both themselves and the economy as a whole. Now, with unions hollowed out and other working-class organizations comparatively weak, there's nothing stopping big business owners from slashing and burning the economy each quarter to drain a few trillion extra dollars into their personal bank accounts. The problem with all this is, even if it were possible to restore the balance of that previous era, that would only restart the cycle. Businesses would eventually go back to their plundering ways again, and we'd have to restore the balance again, then they'd wreck the balance again, then we'd have to restore it again, ad infinitum. This is because the business owners have the state's authority at their disposal. They can and do use cops and soldiers to break strikes; they can and do use schools and news rooms to spread anti-worker propaganda; they can and do use lawmakers and courts to hinder our efforts to build working-class power. This is why so-called liberal democracies are actually "dictatorships of the bourgeoisie". The only way off the never-ending cycle of boom and bust is for the working class to overthrow the bourgeois dictatorships and form new states in which they, the workers, have the power to control the economy to their advantage, instead of to the advantage of the big business owners.
Did this dude just say uk and Germany are the drivers of economy in the best part of the world? He's a fan of Borell's garden doctrine then. Choose your guest carefully, BT
really. china is the correct subject. uk and germany will fail. and the countries that owe in dollars will repudiate the imf loans and brics will not penalize them. they will all do it. each when it has to if not before.
you missed quoted him friend. 3:17 "so some of the major important economies in the world (which drive living standards for quite sizable section of the best off part of world) are not going to find it so easy" 1. "drive living standard" ... not "drivers of economy" 2. "quite sizable section of" ... not "entire world"
Everything we do in America is money laundering another word for tariff,sanctions and whatever the name they use.,.. sad thing is most people don’t even understand tariffs which is they’re getting taxed again 😂😂😂
Seriously? Tariffs and embargos kick started american industry in the early 19thC. Tariffs and mercantilism built the european industrial powers of the 17thC.
Americans voted to have lovely inflation and for less money in their pockets. Hope Trump will inpose high tariffs on all countries that export to the USA 🇺🇸 It will excite and turn on the badly educated Americans.
noooo...china would be paying that tariffs for the privilege of selling to americans to earn the mighty dollar...so, a tariff is just like a discount for americans...trump should impose 100% tariff, which would mean that americans pay nothing! free! better yet, 200%…china would pay americans to buy their goods! 👍👏😁
Take a look around the world. Trump is turning countries away from America and towards China. Trump is a horrible businessman, and he's only going to get worse.
It's Tarrif-ying. Hope he knows what to do. He has the business knowledge. He knows America's economy is in critical condition that is close to society breaking down where skilled professionals are homeless for years in Connecticut. The myth in Connecticut is an unusual situation. There are tons of jobs open, but businesses are refusing to fill them! Tons of job openings but not an available job at all whatsoever anywhere.only one checkout line open when 10 are needed. Store service terrible and people desperately needing jobs but the businesses that desperately need help refuse to hire help. There needs to be government intervention with this. This is the core of the economic destruction. People are dying from it.
They must be worried, they deserve to be worried 😂. It is finally happening, the separation between the sheep and the goats as commanded by our Lord in Mathews chapter 25! The clock of God is ticking as written in Habakkuk chapter 2 and we cannot wait to see it happening!👍
There are just too many people in the world. We all (8+ Billion) can't live a middle class life!! The Planet can not sustain it, which is why SO MANY people live in poverty and die at a young age in poverty. The rich are able to take advantage of this fact!!! Us aginst them (them being anyone else other than the rich as a class.) People dream of being rich so they do not take from someone they hope to become!! Yet there is a huge push saying that there is not enough people in the world and that there is a huge population collapse taking place and societies with low numbers and birth rates will disappear. (Laughable 😅)
@roxyfoxyyy7 -- You can if you're an idiot like Chump & want Americans to pay 3 or 4 times more for everything than we're paying now. And name me 3 countries that currently have tariffs on US imports. I'll wait.
This is a very uninformed comment. There is a thing called, "free trade agreement." Trump 1.0 violated NSFTA, which sparked the retaliation. Every country? Hong Kong is a free port. No tax on imported goods from any country. Yet Trump included Hong Kong as part of China in 2018. It means the US is dumping goods on Hong Kong while taxing Hong Kong goods. All that f**king American trash...
I’m not surprised. They covered Jan 6 like any other corporate news station. they seem to have TDS like the rest of them. That’s why I prefer Glenn Greenwald
MAGAOT, you're asking to pay an additional 2000% on many of the pharmaceuticals, mobility devices, electronics, etc. You DUNCE MAGAOTS REALLY ARE THAT GULLIBLE!!
It's just charging Countries for western racism sanctions tarrifs but now it's going to be charged to 🇺🇲s but stay sleep till they end 🇺🇲 Dream ❤️ BRICS+🌍🌌🦾😇
blackrock could be right about the business cycle ending because once the oligarchs own everything we will enter a crueler version of monarchy in which serfs have no rights and the masters have no compassion. free luigi
"Europe risk of war with the east" Europe defense spending is already several times of that of Russia, how many times more do they need to be?
And Russias military technology is about 15 years ahead of the west.
"people will be forced to invest in the us." total nonsense.
You guys have no idea how bad it’s gonna get before it gets better.
The Western world is going to sh1t, all that imperialism is catching up with them, meanwhile the global south is improving. The West is cooked though.
True..will it be like the "great" depression? We'll pull together like we always have!
Good afternoon Eugene Rania and Mr Roberts ❤️🇱🇧🇺🇲🌍🌌🦾😇🌹
Unemployment was stably low when both corporate tax rates and union participation were at their highest in the US. It is a broad correlation as far as I know, but I believe there are elements of causation that could be sussed out and used to improve the status quo.
I agree there was causation, and I think it worked approximately like this: high corporate tax rates (and high personal income tax rates) forced businesses to invest their revenue in growing their businesses in slow and steady ways. They couldn't just focus on quarterly earnings and squeeze cash out of their businesses in the form of CEO bonuses and short-term shareholder profits, because money in these forms was highly taxed. It was more profitable, over the long term, to expand their work forces and increase worker compensation, because these things grow the business and yield increased profits over time
As for high union participation: the organized working class was in a strong position to hold owners' feet to the fire, keeping them from giving up on the slow-and-steady, long-term strategy outlined above. Short-term cash grabs are always more appealing, but the workers had leverage and used it to protect both themselves and the economy as a whole. Now, with unions hollowed out and other working-class organizations comparatively weak, there's nothing stopping big business owners from slashing and burning the economy each quarter to drain a few trillion extra dollars into their personal bank accounts.
The problem with all this is, even if it were possible to restore the balance of that previous era, that would only restart the cycle. Businesses would eventually go back to their plundering ways again, and we'd have to restore the balance again, then they'd wreck the balance again, then we'd have to restore it again, ad infinitum. This is because the business owners have the state's authority at their disposal. They can and do use cops and soldiers to break strikes; they can and do use schools and news rooms to spread anti-worker propaganda; they can and do use lawmakers and courts to hinder our efforts to build working-class power. This is why so-called liberal democracies are actually "dictatorships of the bourgeoisie".
The only way off the never-ending cycle of boom and bust is for the working class to overthrow the bourgeois dictatorships and form new states in which they, the workers, have the power to control the economy to their advantage, instead of to the advantage of the big business owners.
Did this dude just say uk and Germany are the drivers of economy in the best part of the world? He's a fan of Borell's garden doctrine then. Choose your guest carefully, BT
really. china is the correct subject. uk and germany will fail. and the countries that owe in dollars will repudiate the imf loans and brics will not penalize them. they will all do it. each when it has to if not before.
No that's not what he said. He said in the part of the world where people are historically better off.
you missed quoted him friend.
3:17 "so some of the major important economies in the world (which drive living standards for quite sizable section of the best off part of world) are not going to find it so easy"
1. "drive living standard" ... not "drivers of economy"
2. "quite sizable section of" ... not "entire world"
Everything we do in America is money laundering another word for tariff,sanctions and whatever the name they use.,.. sad thing is most people don’t even understand tariffs which is they’re getting taxed again 😂😂😂
Seriously? Tariffs and embargos kick started american industry in the early 19thC. Tariffs and mercantilism built the european industrial powers of the 17thC.
Please invite Gary Stevenson from the UK to discuss economic solutions. His book the Trading Game deserves attention.
Americans voted to have lovely inflation and for less money in their pockets.
Hope Trump will inpose high tariffs on all countries that export to the USA 🇺🇸
It will excite and turn on the badly educated Americans.
Most Americans are dumb anyways so not surprising. Their politicians and oligarchs on the other hand are lizardmen wearing human skin.
As the Irish say “whale oil beef hooked” 😂 say it with an Irish lilt 😂
Biden's already taken care of that.
Guys; you gotta change yer behind the scenes graphics; those lines criss-crossing the screen are such a xxxxx headache. Really!
Their was no talk about the brics nations then?
ดูแอ็คชั่น(ของทรั้มป์)แล้วให้คิดถึง(พวกนักเลง)อันทะพาลที่ชอบ(ชี้นี้ววางมาด)มันไม่สมกับที่
เป็น(ผู้นำโลกเสียเลย)เหมือนพวกที่มีอาชีพ(เรียกค่าไถ่มากกว่า)
noooo...china would be paying that tariffs for the privilege of selling to americans to earn the mighty dollar...so, a tariff is just like a discount for americans...trump should impose 100% tariff, which would mean that americans pay nothing! free! better yet, 200%…china would pay americans to buy their goods! 👍👏😁
Take a look around the world. Trump is turning countries away from America and towards China. Trump is a horrible businessman, and he's only going to get worse.
It's Tarrif-ying.
Hope he knows what to do. He has the business knowledge. He knows America's economy is in critical condition that is close to society breaking down where skilled professionals are homeless for years in Connecticut.
The myth in Connecticut is an unusual situation.
There are tons of jobs open, but businesses are refusing to fill them! Tons of job openings but not an available job at all whatsoever anywhere.only one checkout line open when 10 are needed. Store service terrible and people desperately needing jobs but the businesses that desperately need help refuse to hire help.
There needs to be government intervention with this. This is the core of the economic destruction.
People are dying from it.
🇵🇸
The latest analysis from Yanis Varoufakis Former Minister of Finance of Greece is a concise explanation. Encourage everyone to seek it on UA-cam.
He’s the author of Technofeudalism right?
They must be worried, they deserve to be worried 😂. It is finally happening, the separation between the sheep and the goats as commanded by our Lord in Mathews chapter 25! The clock of God is ticking as written in Habakkuk chapter 2 and we cannot wait to see it happening!👍
Great Christian wishing the worst for people..go away!
There are just too many people in the world. We all (8+ Billion) can't live a middle class life!! The Planet can not sustain it, which is why SO MANY people live in poverty and die at a young age in poverty. The rich are able to take advantage of this fact!!! Us aginst them (them being anyone else other than the rich as a class.) People dream of being rich so they do not take from someone they hope to become!!
Yet there is a huge push saying that there is not enough people in the world and that there is a huge population collapse taking place and societies with low numbers and birth rates will disappear. (Laughable 😅)
Stop with the fear porn.
?
Every country has tariffs on our products lol wild we can’t do the same
Exactly which countries imposed tariffs on the USA prior to the USA imposing tariffs on them?!🤔
@roxyfoxyyy7 -- You can if you're an idiot like Chump & want Americans to pay 3 or 4 times more for everything than we're paying now. And name me 3 countries that currently have tariffs on US imports. I'll wait.
This is a very uninformed comment.
There is a thing called, "free trade agreement." Trump 1.0 violated NSFTA, which sparked the retaliation.
Every country?
Hong Kong is a free port. No tax on imported goods from any country. Yet Trump included Hong Kong as part of China in 2018. It means the US is dumping goods on Hong Kong while taxing Hong Kong goods. All that f**king American trash...
@ China and Europe
@@roxyfoxyyy7 BS! Chump slapped tariffs on China & the EU in 2018, then they went tit for tat.
It's called the art of the deal. Start high, meet in the middle, make the deal. All your "predictions" are fear porn and TDS.
HE'S A CONMAN...
A CONMAN THAT DOESN'T READ OR WRITE BOOKS
I’m not surprised. They covered Jan 6 like any other corporate news station. they seem to have TDS like the rest of them. That’s why I prefer Glenn Greenwald
OH, LOOK IT'S ONE OF 'DON the CON's MAGAOT!!! 😂
It's Enon 1A, but Trump's STILL too dumb.
2000% on tariff on China
= empty shelves in the US
MAGAOT, you're asking to pay an additional 2000% on many of the pharmaceuticals, mobility devices, electronics, etc.
You DUNCE MAGAOTS REALLY ARE THAT GULLIBLE!!
Ok yank
Why not 10990,,% if your paying for it.play stupid games win stupid prizes.
It's just charging Countries for western racism sanctions tarrifs but now it's going to be charged to 🇺🇲s but stay sleep till they end 🇺🇲 Dream ❤️ BRICS+🌍🌌🦾😇