BS. DNC didn't step on Sanders. They decided to support the other candidate because ultimately they want to win. Young people had their chance. Why didn't y'all vote for Sanders in the primaries?
but here we find ourselves, happy the 90 yo man dropped out to be replaced by a...... cop. After BLM, occupy wallstreet, free palestine and a thousand other protests. Your choice is a fascist or a cop and people wonder why young people dont vote.
@@itsm3th3b33 To be fair, even if what you say is true about him not winning, because of a lack of voters, it's not really refuting the problem. The problem is the boomer electorate itself, they make up a very large portion of the population and they won't vote for either younger people or politicians that make things easier for them.
Thank you to Scott Galloway and TED. I love his direct way of speaking and these types of much needed conversations/TED Talk, etc will bring change. We need him and others like him with this kind of thinking, change, openness, empathy, and courage in the world.
So true! Addressing challenges like education and Social Security is essential for the future. Scott's emphasis on civil dialogue is refreshing and necessary in today’s polarized world.
Nope. But I am European. This is mostly an American problem.Their indoctrinated knee-jerk reaction to the word socialism. Europe has more billionaires than the US, free or heavily subsidised healthcare, decent minimum wages and affordable housing. Oh, and mostly multi party democracies.
Of course not. Another classic case of showing up to protest and saying not in my back yard when it comes to actually doing anything. It's all performative.
I have really enjoyed listening to the TED Talk and this follow-up conversation. The thing that keeps coming to me is your comments about Social Security. Most states have not raised the minimum wage from $7.25 since 2009. So how can Social Security even benefit the Americans who hope to benefit from it 30-40 years from now? Prices of houses, cars, and healthcare continue to rise, shouldn't our government have ensured that we do not drive ourselves over the cliff that seems to be right in front of us?
See but Diego here's the thing...he's very VERY wealthy -so what kind of trouble could cause him any real hardship? He's got all the FU money to speak whatever he likes no?
Scott’s way with words forces us to think harder and deeper! As we should… However, I know there will be those that will turn away as soon as Scott’s force is put upon us. But, what about the people who can think and understand and can start acting in a different manner? Thanks Scott!
I agree that if you’re over 65 years old and you’re financially stable/independent/wealthy then eligibility for social security benefits should be limited - that same money should be transferred to younger people who are struggling.
Why is Scott not in place of Kamala and/or Trump? As a parent, Scott is someone who truly loves and in motivated the love for children and their future. This should be the top priority for any leader, even those of their own loving household. The best leader is someone who does not want the position. Please reconsider running for President. For your child and our nation’s children.
OMG! I was thinking the same thing. He's not interested though. This stuff is really important and most 99.9% of our leaders don't even give it a second thought. That's what's so scary about it.
14:00 This is one of those where the tenor is criticized because the content is very uncomfortable for some. Tenor is important insofar as you want to come across clearly and change minds effectively. But I think Scott isn't being judgemental, he's urging people to become disenchanted with consumption-as-identity. Consumption to the point of disease is so deeply embedded in our culture* that it's essentially invisible until you point it out, and when you point it out people get uncomfortable (* yes, with a big asterisk for people with genetic conditions and people with socioeconomic backgrounds that predispose them to poor nutrition). I've been in shape, I've been out of shape, and being in shape in a real tangible way is far more liberating. It's liberating in a most basic and essential sense of the relationship my mind has with my body, of physical movement and ability. And it's liberating for my wallet, because it turns out the simplest way to lose weight and reduce disease is to consume less, not to reorient all my consumption toward weight loss brands or grind it out at the gym to justify Starbucks.
So true. We are constantly seeking instant grat and this = food, buying stuff, and more stuff, always looking for the next thing... Can't even enjoy a nice day outdoors or even realize that there is a nice day outside. Wait, outside? There's something out there? Omg, it's a whole world out there! Lol😂
14:16 allow me to clarify before I even finish listening - I'm a guy who loves cuisine, loves exercise to cope with ADHD and insomnia. I was born diabetic and suffered several hospitalizations and crippling side effects of undiagnosed diabetes until finally at 27 I started getting insulin. My savings, my businesses, the career changes, my social life, everything suffered from the crippling conditions of diabetes and autoimmune disorders my free healthcare failed to diagnose and treat my whole life. Scott's comments are not offensive even to diabetics who have endured tremendous suffering. Don't be wanker. Just because a photon lands here and not there doesn't mean God's trying to snipe you from another dimension. It's just part of a world that exists because of the forces of entropy as a function of time. When a policy is enacted to exploit a population, that's victimhood, like capital gains income annual social security contributions (cpp/ei/qpip here in Canada), that creates victims. Being diabetic or not diabetic is not offensive just like short tall black white young or female or gay are not offensive. In life if you can't find a laugh then you're definitely missing something, no matter how much or little you're suffering there's no justification to be offended by stating a fact like "type II diabetes is genetic and preventable", "type I diabetes is genetic", or "borderline type I can be delayed but can also cause colitis, psoriasis, optic neuritis, fibromyalgia, arthritis and mental illness if unchecked, so keep an eye on things" If you can't afford a vacation and marginal cost of larger orders is greater in higher quantities then I'm gonna eat more for more enjoyment. All humans think like that, it's not just fat people even skinny men like me love food for the same reason. We are evolved to seek sugar and variety, of course à surge in wealth worldwide and synergy of population growth this century would induce pathological nutrition issues in a portion of the species. That's not shaming its compassion!
Agree 100% on Chris's observations about Scott's speaking style. I will seek out anything Scott does - podcasts, interviews, shows - you name it. Don't love the F- Bombs but love everything else.
First, college tuition should be based upon the expected earnings a graduate would make in their line of study. Second, there should not be a wage limit on withholding social security taxes. Third, there should be term limits on all public offices. Fourth, 25% of all political contributions should be made available from the existing two parties to help fund and support legitimate "third" political parties across the country. Fifth, tax codes need to be changed to encourage Employee Owned Companies ("ESOPS") so that employees can accumulate more long-term wealth. Sixth, the tax code needs to be changed to encourage people without wealth to pool their money together to start a legitimate business venture. Seventh, all trust accounts need to be taxed 1% each year based upon their current valuation. Eight, trade schools should be encouraged as a career path and the tuition should be free. Ninth, Medicare premiums should be adjusted for people with obesity. Tenth, stop printing money at such a torrid space.
Losing at Capitalism shouldn't cost you your life, health, safety, privacy, or human rights. We can and should have both a free market and a foundational safety net for people who fall through the cracks. A country worth fighting for invests in its citizens so the economy can take care of itself. We need to break down the monopolies and invest in local businesses. Tiktok isn't the problem it's the coping mechanism for the problem which is rugged individualism, social darwinism, Neoliberalism, and internalized capitalism. We need disruption and churn. We need critical education. We need proactive democracy. We need subsidized healthcare. We need election and property tax reform.
A country cannot "invest." A country can merely tax and distribute. I find arguments like this odd. What country are you living in currently? We are tens of trillions of dollars in debt and roughly 85% of that debt has come from the social safety net programs you are acting like we don't have. The emphasis of this conversation is always on what society owes to the citizens. There's hardly ever any discussion about what responsibilities the citizens have to themselves
@@STL-sl7zv Money is made up. It doesn't exist. Its whole purpose is to decentralize the economy for everyone in the form of value tokens. The government orders currency to be printed by the Federal Reserve to balance inflation against the national deficit. If money isn't being used to provide a better quality of life for the people then what is it for?! We absolutely can and should be "investing" in the long-term well-being of our citizens in America and every country.
Are you sure most of America's debt comes from it's social services? It seems that the Military Industrial Complex spending and wars might be at the root of this.
@@STL-sl7zv Debt isn't real. It's a made up system to keep you enslaved to the banking model that's propped up by the private institution, the Federal Reserve. Read Stephanie Kelton or read up on Modern Monetary Theory. This whole system we're stuck in is a rigged game designed to keep us working forever to pay off debts that don't matter to institutions that don't need money for doing things that don't benefit society.
A note of optimism, but as I approach 40 I am dubious that any real change can happen. Perpetually single and with dissolving chances of owning a home or starting a family, stripped of anything to care about. We are dealing with an intrenched hegemony that has its own interests at heart. It feels like being on the wrong side of a government bailout, robbing from the poor to give to the wealthy. This presentation has me reconsidering leaving America. It seems we have already peaked, and I dont want to be here as things unravel. I had a nightmare; I was trapped in Themepark America, where all we are is fodder for the economic grist mill. Misery for profit. All I wanted to do was escape this place with no future.
The rest of the world is mostly like this also. Except a select few places. The places Americans love to flock to like Mexico, Thailand, Philippines, Peru, Brazil etc are only good because you’re taking advantage of an economy that pays their local population absurdly low wages which only benefits westerners. And then the other countries that Americans flock to like Australia, Canada, UK, Germany etc suffers from all the same problems that the US suffers from economically. If you move to a more affordable developing country remember why you can live better there. Remember that the locals make absurdly low wages, don’t just take advantage of them and their country. Try and give back as much as possible, while also building a better life for yourself.
Saying the only union we need is one in Washington DC shows that Scott doesn’t understand the struggles of working people. Unions fight for better benefits, safer working conditions, and to give employees more agency within their workplace. Protecting workers is about so much more than just increasing wages
This is talking about the deeper point that we need people working for people in Congress rather than the people who are most advantaged. He isn't saying to not have unions, but any union that is not delivering results and have turned into useless bureaucracy need to be shaken up, not dispatched.
@appendix_gang2245: how shortsighted. Scott obviously wants unity at governmental levels, he understands the problems of working people better than you do. He wants us to achieve a situation where unions are no longer necessary because wealth, taxes and opportunities are equally divided. 😉
In 2008, no company should have been bailed out. They all should have been allowed to fail. A) We'd be better today and B) The idiots running these companies would have learned a lesson. Allow capitalism to work.
As a retired elementary teacher, my public school system taught children to eat over processed fast food. In the school lunch line - Monday is hot dogs, Tuesday is pizza, Wednesday is hamburgers, Thursday is spaghetti, and Friday is fish sticks.
Nevermind; I found it! It goes as follows: “It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.”
I’m genuinely confused, in California many fast food chains shut down leaving many without employment, my only job experience so far has been in fast food. But now with less job opportunity for those with less job experience, how does this equate to a good thing for the lowest income and least advantaged people? I’m not expected an answer here just asking in case someone maybe sees and replies quickly. I’m looking into this right now because I’ve always been skeptical on minimum wage but hearing this from Galloway has me looking at it again in case I need to change my mind
@@nateureo5428 I understand where you are coming from. It would be frustrating to see the available options for employment dwindle. The political push in the name of a "livable wage" when it is so difficult to have any wage in the first place must be despicable. Needless to say, I hadn't taken into account your perspective. However, I still do believe that a "livable" wage is an ideal worth fighting for. It is irresponsible to slap on regulations forcing businesses to pay a higher minimum wage, and call it growing pain, especially when that pain is not at least shared by those who afflicted it. It often puts breaking strain on not only small businesses especially but also their workers. But I know that one thing's for sure: Corporate is not on your side. Let's say a restaurant has to close doors and blames the $1 increase in minimum wage. Let's play along and say this restaurant is open 24/7 and staffed full at 4 people. That's $96 extra per day, $2,880 extra per month. That would mean the restaurant was staying afloat thanks to a less than $2,880 profit margin. In the US, on average, that's less than living wage for a single adult. I can only imagine what kind of life that money means in CA. Not a lot of people can afford to keep this kind of restaurant open, except for corporations. The corporation was not keeping that restaurant open as long as possible, paying minimum wage and employing as least as possible, out of determination to provide the area with "job opportunities." It is a corporation. Their sole existence is to make money, even if less than livable wage per over-exerted such restaurant, because corporate owns 1,000 more of them. Corporate entrance is devastating to any local economy; small mom & pop shops can't compete. After monopolizing and leeching as much money as taxes and regulations allow, they pack up and leave. Was it really the $1 increase in minimum wage that shut down the restaurant? As long as the economy grows, people make more money. The more money people spend, the higher the prices climb. To keep up with such inflation, wages increase. This is the natural cycle. Some businesses would rather opt not to pay their employees more, however, disrupting the balance. That's when the state/fed minimum-wage laws kick in. I know you (and I) aren't left with much choice. Corporations barge in whenever and however they like, and we either suffer or tap out. You don't need to change your mind on behalf of anyone, but I admire that you are willing to ask and listen. I'm glad I could have this conversation with you, and I hope you feel the same. Best wishes!
He was right about the "Negative Income Tax". If UBI was billed as NIT, republicans & dems would've have approved the bill & low income people would be receiving monthly cheques right now.
Not necessarily. They would want the negative rates for the highest earners and it would be hijacked by the matrix. They would pass an inversion of the current income tax scale to benefit rich.
I thought a negative income tax was a small fund for people whose wages are inadequate to their living costs-didn’t realize it was did people who didn’t work at all
Imagine Scott on the Presidential Debate. He would eradicate every nanomicron of the opposing side’s argument and unveil how their ego and self interest is their true driving force. I hope the loved ones of Scott convinces him to reconsider, like volunteering to go to war for his loved ones… for our loved ones. In the famous words of Nike: “Just Do IT.”
Abolishing unions and replacing them with a single overarching union in Washington D.C. would not be a solution without problems. I could be wrong, but that concept seems to have communistic vibes. For example, in the public sector, there will be employers who will be overjoyed to have the freedom to decide employees’ benefits so long as they abide by the minimum standard of federally mandated minimum wage and employees won’t be allowed to negotiate a collective bargaining agreement. It will be illegal for them to negotiate. In state with low cost of living, this may be fine, but the working class in states with high costs of living needs a certain amount of income to survive and be able to save money to have the hope of being able to have a house & family in the future. Think about it, conservatives want to conserve the ways of the past, but, when it comes to working conditions and compensation (for which unions form a collective bargaining agreement), do we want to go forward or backward? Why do you think Labor Day exists? Do we want to empower the working class or the elite? Also, if small businesses would fail as a result of federally mandated minimum wage, then will there be additional job opportunities for them elsewhere? University-educated elite look at blue-collar workers like we’re the scum of the earth, like we’re peasants, and we deserve what we receive because we’re either inferior to them intellectually or we’re underachievers who didn’t go to college or lacked the intelligence or gratification delay to obtain a degree. However, in the end of the day, we come from dust and we will return to dust. Being intelligent is great for technological advancements but not for shattering the illusions that our own minds create or for discerning between compulsive decisions and conscious decisions.
When markets crash the top 1% swoops in to further extend their wealth while the bottom people lose their jobs/houses and get further deep into debt. That’s total opposite of wealth distribution.
SS problem with push up age to draw SS is it doesn't just effect the people who don't really need it but creates a real hardship for people who have ran their bodies into the ground to work additional years. While those same people have barely been able to make ends meet while paying those SS taxes.
This is just late stage capitalism. We need social programs for all human rights. Capitalism is for wants socialism is for needs. Doesn't have to be one or the other.
We need people to build or fix something. The trades are wide open, tons of opportunities, but nobody wants to work hard anymore. That is the core of our problem as a society. Bankers, big finance, big tech, big pharma, professors, even tech sales people and managers (of which I was one), I don't consider real work. Someone who builds a house or repairs a car, that I consider real work.
This is a more eloquently stated version, of what Bernie Sanders wanted to resolve. Mr Galloway has a few different solutions tho. Imagine if we were lucky enough to get Bernie in office, with Scott in his advisory board.
YES. Normalizing / celebrating obesity is the problem. Fat shaming isn't helpful when it's caused by economic, genetic or environmental factors. That's a problem our society should strive to impact in a positive way vs. accept as normal for the sake of making profits off these people.
Speaking of the stock market, its much harder to find big growth companies because all the game changing stocks that once would have been super cheap to buy and watch grow are now all Zombie stocks at high prices. You have to buy something and HOPE that it eventually becomes worth its price much less grow and become worth more.
"Ban or divest TikTok", maybe all social media in general then? Funny that if you are critical of your country's actions, you are posing them as harmful. That's the harm you are doing to these kids, besides the positives I see in most of your comments. That's why I love some bands as Rage Against the Machine or System of a Down. Criticizing the USA is not supposed to be "unpatriotic". Everyone must criticize his own country. After this BS, I believe you may be right in almost every aspect of the discussion
Raising the minimum wage is not good for low income people, reducing inflation is the most important thing for those people, which means limiting government spending. But no one really wants to talk about that
Yes but..... Prof Galloway seems to have missed the point. In contemporary America, generational theft, the upward transfer of wealth and extreme wealth inequality are a feature, not a bug. Works exactly as intended.
Intrapersonal benefit of the doubt is gone from society. Every stranger is assumed to not have your best interest in mind. Im not sure the ethos was like that in generations past
Most of us wish we weren’t alive. None of you older generations understand us. We feel completely misunderstood and we feel we can do better than any of you.
Well there’s a flat percentage that we all pay which is 6.2%. However there is a maximum earning limit where once you hit it you’re no longer subject to that tax
The minimum is a sticky wicket sure it’s nice to be paid more but some companies are really struggling to make money, it could lead to companies going under. It should come into play with mega companies whose board of directors and ceos get paid many millions in bonuses.
I think he has no conception of what the working or middle class experiences compared to my generation, Korean War generation. It was so much more reasonable to get educated beyond high school. The cost of housing,food, transportation was more in line with our incomes. The fact that capital gains taxes are so low that millionaires pay less tax than most salaried people is much more important. He is right about retirement homes and nursing homes. Grandma and Grandpa used to be cared for by their children not society.
I think minimum wage conversations are pointless, noone pays minimum wage, capitalism has pushed wages almost double that…i live in the middle of nowhere in iowa, and dairy queen hired my 16yr old daughter at 10. An hour, and around here, you can rent a nice apartment for 550 a month…. wages are already getting pushed up because people are just going to whoever pays. The most money and companies are being forced to pay more money so that they can make money and be open. There’s a big difference between a factory that produces a whole bunch of trinkets that are able to be sold, a small town grocery store… minimum wage was $25 an hour. I am pretty sure our grocery store would close down and then all of us are going to be forced to spend eight bucks in gas to drive 35 minutes to get groceries every week…. Food can’t get more expensive. People can’t even afford to eat.
I disagree with his assertion that old people are less productive and more expensive. I am 60 and I am far more productive than the people a third my age that I work with, to the point of me having to do their work. I have not been to the doctor in years, while they are constantly absent from work, so I fail to see where I cost more. Being pro-youth is fine, but I think he has let it get to a bias. That said, I agree with much of what he says, despite the fact that his characterization of older people is highly inaccurate in my case.
Older people also help in numerous other ways where it relates to younger individuals. Though not monetary, the help/wisdom/guidance given are priceless.
Because of inflation, the younger generation have less disposable income. But no, opportunities exist and are always there. Did our generation have UA-cam and Tictoc and Amazon and Netflix millionaires and billionaires?...no. We worked and learned how to do something, how to build something, how to fix things. The trades are wide open with tons of opportunities and no one wants to work. So....total bs.
Not to single Scott or any individual out, but what would a foundation to help young people offset these structural inequalities and structural difficulties look like? Cash flow from the handful of ethical and reality-based wealthy boomers into such a foundation to distribute as cash support would be helpful to a few hundred or perhaps a few thousand young people in the very short term, but there needs to be more to it to make a lasting and meaningful impact. What might that be?
I like a great majority of what Scott says but I would like to hear how he reconciles his suggestion to "make bad decisions" while attacking the food industrial complex and social media. Seems like a conflicting statement on face value.
Americans have traditionally hated taxation, so for years they've.... gotten what they've paid for in terms of social mobility, quality of public services, and societal health indicators. They've now ended up with a set of extremely serious critical systemic niche problems, social health indicators that are inferior to more than half of all OECD nations, across the board, with a backdrop of a completely unravelling society, a significantly poisoned political culture, and at least one political party primed for authoritarianism. Thank goodness I'm European.
22:40 he is so close then he says something as stupid af like that, not realizing instagram, youtube etc is all the same and none of those make you hate america, it feeds you the content you like. Not understanding social media seems to be the most boomer thing
Just sounding smart doesn’t make you smart. There are numerous psychological studies proving that social media, including UA-cam, have, on a very general level, been negatively impactful on mental health.
I was thinking the same thing. If all he sees on TT is cute dance videos and people who hate America, it's cause he taught the algorithm that's what he wants to see. While TT has a lot of fun, silly videos, it also has a lot of educational videos & resources on many different topics including history, science, politics, religions, etc. Anyone who doesn't see the beneficial sides of TT clearly doesn't know how to use the app or how the algorithm works. Sometimes, I end up having so much educational content on my feed, I have to go looking for some fun, silly videos just to break it up a bit.
Social media has been a huge downfall. Living prior to it & now living with it, I’d take life without it 100%. The cons of social media outweigh the pros. And, no, I’m not a boomer.
I didn’t hear him say that he, himself, won’t take social security when available. I don’t hear him saying that he himself will spend his millions to help society. Typical “do as I say, not what I do” of rich people.
Bernie Sanders talked about a lot of this stuff and had a HUGE buy in from young Americans. The DNC stepped on him. We need change desperately.
BS.
DNC didn't step on Sanders. They decided to support the other candidate because ultimately they want to win.
Young people had their chance. Why didn't y'all vote for Sanders in the primaries?
but here we find ourselves, happy the 90 yo man dropped out to be replaced by a...... cop. After BLM, occupy wallstreet, free palestine and a thousand other protests. Your choice is a fascist or a cop and people wonder why young people dont vote.
@@itsm3th3b33 that’s an awfully loaded argument.
@@Ir0nFrog
Explain why loaded.
The original comment, which I replied to is not loaded?
@@itsm3th3b33
To be fair, even if what you say is true about him not winning, because of a lack of voters, it's not really refuting the problem.
The problem is the boomer electorate itself, they make up a very large portion of the population and they won't vote for either younger people or politicians that make things easier for them.
This is what common sense and empathy looks and sounds like when they come together. The brain and heart working together ❣️
@@Mary-xt9jg
Sorry to tell you... wrong.
He's been debunked. His evidence does not support his facts. Check it out. Video is on UA-cam.
Thank you to Scott Galloway and TED. I love his direct way of speaking and these types of much needed conversations/TED Talk, etc will bring change. We need him and others like him with this kind of thinking, change, openness, empathy, and courage in the world.
So true! Addressing challenges like education and Social Security is essential for the future.
Scott's emphasis on civil dialogue is refreshing and necessary in today’s polarized world.
Scott is so right, but to the older people that agree with him - will you actually do anything about it?
Nope .I’ve bn saying this for years. It’s bn a struggle in certain fields.
It's almost always up to the young to revolt against the old. When we don't, this happen.
Nope. But I am European. This is mostly an American problem.Their indoctrinated knee-jerk reaction to the word socialism. Europe has more billionaires than the US, free or heavily subsidised healthcare, decent minimum wages and affordable housing. Oh, and mostly multi party democracies.
The party's not over for the Boomers.
Of course not. Another classic case of showing up to protest and saying not in my back yard when it comes to actually doing anything. It's all performative.
I have really enjoyed listening to the TED Talk and this follow-up conversation. The thing that keeps coming to me is your comments about Social Security. Most states have not raised the minimum wage from $7.25 since 2009. So how can Social Security even benefit the Americans who hope to benefit from it 30-40 years from now? Prices of houses, cars, and healthcare continue to rise, shouldn't our government have ensured that we do not drive ourselves over the cliff that seems to be right in front of us?
Scott Galloway’s rethoric got him in trouble many times, but I love it lol
See but Diego here's the thing...he's very VERY wealthy -so what kind of trouble could cause him any real hardship? He's got all the FU money to speak whatever he likes no?
Truth hurts!
Thank you for fighting for us Scott
I couldn’t agree more. He is fighting for us hence we must fight for us.!
Scott’s way with words forces us to think harder and deeper! As we should…
However, I know there will be those that will turn away as soon as Scott’s force is put upon us. But, what about the people who can think and understand and can start acting in a different manner?
Thanks Scott!
Word,he reminds me of Shahid Bolson
This guy is amazing
I 100% appreciate your speech, Scott. I agree with about 99% of what you said, and am willing to listen on the other 1%
Love these intellectual ethical discussions
I agree that if you’re over 65 years old and you’re financially stable/independent/wealthy then eligibility for social security benefits should be limited - that same money should be transferred to younger people who are struggling.
Why is Scott not in place of Kamala and/or Trump? As a parent, Scott is someone who truly loves and in motivated the love for children and their future. This should be the top priority for any leader, even those of their own loving household. The best leader is someone who does not want the position. Please reconsider running for President. For your child and our nation’s children.
OMG! I was thinking the same thing. He's not interested though. This stuff is really important and most 99.9% of our leaders don't even give it a second thought. That's what's so scary about it.
14:00 This is one of those where the tenor is criticized because the content is very uncomfortable for some. Tenor is important insofar as you want to come across clearly and change minds effectively. But I think Scott isn't being judgemental, he's urging people to become disenchanted with consumption-as-identity. Consumption to the point of disease is so deeply embedded in our culture* that it's essentially invisible until you point it out, and when you point it out people get uncomfortable (* yes, with a big asterisk for people with genetic conditions and people with socioeconomic backgrounds that predispose them to poor nutrition).
I've been in shape, I've been out of shape, and being in shape in a real tangible way is far more liberating. It's liberating in a most basic and essential sense of the relationship my mind has with my body, of physical movement and ability. And it's liberating for my wallet, because it turns out the simplest way to lose weight and reduce disease is to consume less, not to reorient all my consumption toward weight loss brands or grind it out at the gym to justify Starbucks.
So true. We are constantly seeking instant grat and this = food, buying stuff, and more stuff, always looking for the next thing... Can't even enjoy a nice day outdoors or even realize that there is a nice day outside. Wait, outside? There's something out there? Omg, it's a whole world out there! Lol😂
14:16 allow me to clarify before I even finish listening - I'm a guy who loves cuisine, loves exercise to cope with ADHD and insomnia. I was born diabetic and suffered several hospitalizations and crippling side effects of undiagnosed diabetes until finally at 27 I started getting insulin. My savings, my businesses, the career changes, my social life, everything suffered from the crippling conditions of diabetes and autoimmune disorders my free healthcare failed to diagnose and treat my whole life.
Scott's comments are not offensive even to diabetics who have endured tremendous suffering. Don't be wanker. Just because a photon lands here and not there doesn't mean God's trying to snipe you from another dimension. It's just part of a world that exists because of the forces of entropy as a function of time.
When a policy is enacted to exploit a population, that's victimhood, like capital gains income annual social security contributions (cpp/ei/qpip here in Canada), that creates victims. Being diabetic or not diabetic is not offensive just like short tall black white young or female or gay are not offensive.
In life if you can't find a laugh then you're definitely missing something, no matter how much or little you're suffering there's no justification to be offended by stating a fact like "type II diabetes is genetic and preventable", "type I diabetes is genetic", or "borderline type I can be delayed but can also cause colitis, psoriasis, optic neuritis, fibromyalgia, arthritis and mental illness if unchecked, so keep an eye on things"
If you can't afford a vacation and marginal cost of larger orders is greater in higher quantities then I'm gonna eat more for more enjoyment. All humans think like that, it's not just fat people even skinny men like me love food for the same reason. We are evolved to seek sugar and variety, of course à surge in wealth worldwide and synergy of population growth this century would induce pathological nutrition issues in a portion of the species.
That's not shaming its compassion!
Oublie les idéologies à la con C’est juste pour exploiter les gens depuis des siècles ! Et de créer la guerre !
Vis ta vie comme tu le veux !
Agree 100% on Chris's observations about Scott's speaking style. I will seek out anything Scott does - podcasts, interviews, shows - you name it. Don't love the F- Bombs but love everything else.
@31:00 segment 🙏🏻🏆 The Most Pround fact and concern for men and the fabric and success of the the entire nation.
Hes spitting truths! Brutally honest, like it should be, sadly tough, its unique
First, college tuition should be based upon the expected earnings a graduate would make in their line of study. Second, there should not be a wage limit on withholding social security taxes. Third, there should be term limits on all public offices. Fourth, 25% of all political contributions should be made available from the existing two parties to help fund and support legitimate "third" political parties across the country. Fifth, tax codes need to be changed to encourage Employee Owned Companies ("ESOPS") so that employees can accumulate more long-term wealth. Sixth, the tax code needs to be changed to encourage people without wealth to pool their money together to start a legitimate business venture. Seventh, all trust accounts need to be taxed 1% each year based upon their current valuation. Eight, trade schools should be encouraged as a career path and the tuition should be free. Ninth, Medicare premiums should be adjusted for people with obesity. Tenth, stop printing money at such a torrid space.
Losing at Capitalism shouldn't cost you your life, health, safety, privacy, or human rights. We can and should have both a free market and a foundational safety net for people who fall through the cracks. A country worth fighting for invests in its citizens so the economy can take care of itself. We need to break down the monopolies and invest in local businesses. Tiktok isn't the problem it's the coping mechanism for the problem which is rugged individualism, social darwinism, Neoliberalism, and internalized capitalism. We need disruption and churn. We need critical education. We need proactive democracy. We need subsidized healthcare. We need election and property tax reform.
Ça me fait rire le commentaire 😂😂
A country cannot "invest." A country can merely tax and distribute. I find arguments like this odd. What country are you living in currently? We are tens of trillions of dollars in debt and roughly 85% of that debt has come from the social safety net programs you are acting like we don't have. The emphasis of this conversation is always on what society owes to the citizens. There's hardly ever any discussion about what responsibilities the citizens have to themselves
@@STL-sl7zv Money is made up. It doesn't exist. Its whole purpose is to decentralize the economy for everyone in the form of value tokens. The government orders currency to be printed by the Federal Reserve to balance inflation against the national deficit. If money isn't being used to provide a better quality of life for the people then what is it for?! We absolutely can and should be "investing" in the long-term well-being of our citizens in America and every country.
Are you sure most of America's debt comes from it's social services? It seems that the Military Industrial Complex spending and wars might be at the root of this.
@@STL-sl7zv Debt isn't real. It's a made up system to keep you enslaved to the banking model that's propped up by the private institution, the Federal Reserve. Read Stephanie Kelton or read up on Modern Monetary Theory. This whole system we're stuck in is a rigged game designed to keep us working forever to pay off debts that don't matter to institutions that don't need money for doing things that don't benefit society.
15:20 is absolute gold. Love Scott’s candor which is so rare these days.
A note of optimism, but as I approach 40 I am dubious that any real change can happen. Perpetually single and with dissolving chances of owning a home or starting a family, stripped of anything to care about. We are dealing with an intrenched hegemony that has its own interests at heart. It feels like being on the wrong side of a government bailout, robbing from the poor to give to the wealthy. This presentation has me reconsidering leaving America. It seems we have already peaked, and I dont want to be here as things unravel. I had a nightmare; I was trapped in Themepark America, where all we are is fodder for the economic grist mill. Misery for profit. All I wanted to do was escape this place with no future.
The rest of the world is mostly like this also. Except a select few places. The places Americans love to flock to like Mexico, Thailand, Philippines, Peru, Brazil etc are only good because you’re taking advantage of an economy that pays their local population absurdly low wages which only benefits westerners. And then the other countries that Americans flock to like Australia, Canada, UK, Germany etc suffers from all the same problems that the US suffers from economically. If you move to a more affordable developing country remember why you can live better there. Remember that the locals make absurdly low wages, don’t just take advantage of them and their country. Try and give back as much as possible, while also building a better life for yourself.
Australian Prime Minister has just proposed banning social media for kids under 16.
That’s a good thing
Dear Scott Galloway, run for President you fucking genius! You have what it takes to inspire a whole generation.
Saying the only union we need is one in Washington DC shows that Scott doesn’t understand the struggles of working people. Unions fight for better benefits, safer working conditions, and to give employees more agency within their workplace. Protecting workers is about so much more than just increasing wages
But only 10% of people belong to a union.
This is talking about the deeper point that we need people working for people in Congress rather than the people who are most advantaged. He isn't saying to not have unions, but any union that is not delivering results and have turned into useless bureaucracy need to be shaken up, not dispatched.
I would like to know what union you've experienced that isn't corrupt and a net societal drain.
@appendix_gang2245: how shortsighted. Scott obviously wants unity at governmental levels, he understands the problems of working people better than you do. He wants us to achieve a situation where unions are no longer necessary because wealth, taxes and opportunities are equally divided. 😉
@@whateverhappenddon't forget safety
In 2008, no company should have been bailed out. They all should have been allowed to fail. A) We'd be better today and B) The idiots running these companies would have learned a lesson. Allow capitalism to work.
Change is hard when our civilization and the powers that be have mastered "Bread and circuses" so well
We shouldn't assume the masses are stupid.
I love this guy!
Yes!!
Preach brother!
Got to take our medicine, things we don't want to do are likely the things we neeeeed to do he's great no bs
So many topics being addressed... wonderful 👏
Amazing, this was great. Thank you both, Sincerely.
As a retired elementary teacher, my public school system taught children to eat over processed fast food. In the school lunch line - Monday is hot dogs, Tuesday is pizza, Wednesday is hamburgers, Thursday is spaghetti, and Friday is fish sticks.
If a business goes out of business for paying livable wage, then it had not been a sustainable business.
That’s a paraphrased FDR quote. It was the justification for establishing a minimum wage.
@@jamesbrenner5982 Thank you for letting me know! May I ask what the exact quote was?
Nevermind; I found it! It goes as follows:
“It seems to me to be equally plain that no business which depends for existence on paying less than living wages to its workers has any right to continue in this country. By "business" I mean the whole of commerce as well as the whole of industry; by workers I mean all workers, the white collar class as well as the men in overalls; and by living wages I mean more than a bare subsistence level-I mean the wages of decent living.”
I’m genuinely confused, in California many fast food chains shut down leaving many without employment, my only job experience so far has been in fast food.
But now with less job opportunity for those with less job experience, how does this equate to a good thing for the lowest income and least advantaged people?
I’m not expected an answer here just asking in case someone maybe sees and replies quickly.
I’m looking into this right now because I’ve always been skeptical on minimum wage but hearing this from Galloway has me looking at it again in case I need to change my mind
@@nateureo5428 I understand where you are coming from. It would be frustrating to see the available options for employment dwindle. The political push in the name of a "livable wage" when it is so difficult to have any wage in the first place must be despicable. Needless to say, I hadn't taken into account your perspective. However, I still do believe that a "livable" wage is an ideal worth fighting for.
It is irresponsible to slap on regulations forcing businesses to pay a higher minimum wage, and call it growing pain, especially when that pain is not at least shared by those who afflicted it. It often puts breaking strain on not only small businesses especially but also their workers. But I know that one thing's for sure: Corporate is not on your side.
Let's say a restaurant has to close doors and blames the $1 increase in minimum wage. Let's play along and say this restaurant is open 24/7 and staffed full at 4 people. That's $96 extra per day, $2,880 extra per month. That would mean the restaurant was staying afloat thanks to a less than $2,880 profit margin. In the US, on average, that's less than living wage for a single adult. I can only imagine what kind of life that money means in CA.
Not a lot of people can afford to keep this kind of restaurant open, except for corporations. The corporation was not keeping that restaurant open as long as possible, paying minimum wage and employing as least as possible, out of determination to provide the area with "job opportunities." It is a corporation. Their sole existence is to make money, even if less than livable wage per over-exerted such restaurant, because corporate owns 1,000 more of them. Corporate entrance is devastating to any local economy; small mom & pop shops can't compete. After monopolizing and leeching as much money as taxes and regulations allow, they pack up and leave. Was it really the $1 increase in minimum wage that shut down the restaurant?
As long as the economy grows, people make more money. The more money people spend, the higher the prices climb. To keep up with such inflation, wages increase. This is the natural cycle. Some businesses would rather opt not to pay their employees more, however, disrupting the balance. That's when the state/fed minimum-wage laws kick in.
I know you (and I) aren't left with much choice. Corporations barge in whenever and however they like, and we either suffer or tap out. You don't need to change your mind on behalf of anyone, but I admire that you are willing to ask and listen. I'm glad I could have this conversation with you, and I hope you feel the same.
Best wishes!
He was right about the "Negative Income Tax". If UBI was billed as NIT, republicans & dems would've have approved the bill & low income people would be receiving monthly cheques right now.
Not necessarily. They would want the negative rates for the highest earners and it would be hijacked by the matrix. They would pass an inversion of the current income tax scale to benefit rich.
I thought a negative income tax was a small fund for people whose wages are inadequate to their living costs-didn’t realize it was did people who didn’t work at all
Bravo!!! This dude gets it.
Thanks Scott
Preach professor!
Imagine Scott on the Presidential Debate. He would eradicate every nanomicron of the opposing side’s argument and unveil how their ego and self interest is their true driving force. I hope the loved ones of Scott convinces him to reconsider, like volunteering to go to war for his loved ones… for our loved ones.
In the famous words of Nike: “Just Do IT.”
32:00-33:00 is so right it hurts
Abolishing unions and replacing them with a single overarching union in Washington D.C. would not be a solution without problems. I could be wrong, but that concept seems to have communistic vibes. For example, in the public sector, there will be employers who will be overjoyed to have the freedom to decide employees’ benefits so long as they abide by the minimum standard of federally mandated minimum wage and employees won’t be allowed to negotiate a collective bargaining agreement. It will be illegal for them to negotiate. In state with low cost of living, this may be fine, but the working class in states with high costs of living needs a certain amount of income to survive and be able to save money to have the hope of being able to have a house & family in the future. Think about it, conservatives want to conserve the ways of the past, but, when it comes to working conditions and compensation (for which unions form a collective bargaining agreement), do we want to go forward or backward? Why do you think Labor Day exists? Do we want to empower the working class or the elite? Also, if small businesses would fail as a result of federally mandated minimum wage, then will there be additional job opportunities for them elsewhere?
University-educated elite look at blue-collar workers like we’re the scum of the earth, like we’re peasants, and we deserve what we receive because we’re either inferior to them intellectually or we’re underachievers who didn’t go to college or lacked the intelligence or gratification delay to obtain a degree. However, in the end of the day, we come from dust and we will return to dust. Being intelligent is great for technological advancements but not for shattering the illusions that our own minds create or for discerning between compulsive decisions and conscious decisions.
When markets crash the top 1% swoops in to further extend their wealth while the bottom people lose their jobs/houses and get further deep into debt. That’s total opposite of wealth distribution.
I agree with basically everything he said!
My daughter plays with cars and dolls equally, but she’s always had ready access to both
Remarkable rhetoric is correct!
Interesting video. Thanks.
if we can't celebrate fitness, we shouldn't be able to celebrate any level of fitness
SS problem with push up age to draw SS is it doesn't just effect the people who don't really need it but creates a real hardship for people who have ran their bodies into the ground to work additional years. While those same people have barely been able to make ends meet while paying those SS taxes.
This is just late stage capitalism. We need social programs for all human rights. Capitalism is for wants socialism is for needs. Doesn't have to be one or the other.
I don't see myself pompous but yeah I loved this
We need people to build or fix something. The trades are wide open, tons of opportunities, but nobody wants to work hard anymore. That is the core of our problem as a society. Bankers, big finance, big tech, big pharma, professors, even tech sales people and managers (of which I was one), I don't consider real work. Someone who builds a house or repairs a car, that I consider real work.
yes, full stop.
This is a more eloquently stated version, of what Bernie Sanders wanted to resolve. Mr Galloway has a few different solutions tho. Imagine if we were lucky enough to get Bernie in office, with Scott in his advisory board.
YES. Normalizing / celebrating obesity is the problem. Fat shaming isn't helpful when it's caused by economic, genetic or environmental factors. That's a problem our society should strive to impact in a positive way vs. accept as normal for the sake of making profits off these people.
Speaking of the stock market, its much harder to find big growth companies because all the game changing stocks that once would have been super cheap to buy and watch grow are now all Zombie stocks at high prices. You have to buy something and HOPE that it eventually becomes worth its price much less grow and become worth more.
6:09 Hard times create strong men. Strong men create good time. Good times create weak men. Weak mean create hard times.
Tax the rich and protect the future!
Yup preach
"Ban or divest TikTok", maybe all social media in general then? Funny that if you are critical of your country's actions, you are posing them as harmful. That's the harm you are doing to these kids, besides the positives I see in most of your comments. That's why I love some bands as Rage Against the Machine or System of a Down. Criticizing the USA is not supposed to be "unpatriotic". Everyone must criticize his own country. After this BS, I believe you may be right in almost every aspect of the discussion
Raising the minimum wage is not good for low income people, reducing inflation is the most important thing for those people, which means limiting government spending. But no one really wants to talk about that
Older person here. I will keep working til I die. Till I can’t.
Yes but..... Prof Galloway seems to have missed the point. In contemporary America, generational theft, the upward transfer of wealth and extreme wealth inequality are a feature, not a bug. Works exactly as intended.
exactly. there's no accident here. we didnt do an oopsy and kill young peoples futures. it's 100% intentional.
It wasn't that way during the 30 years post FDR, the time during which boomers grew up.
Old people believe in the system and / or its reform, but that is no longer a reasonable expectation.
My carpenter provides real value to society. An athlete does not. Neither does a banker and so many others in the paper pushing fields.
Thats just a different version of classism. We all have value and traits, its just the wage scales the are off
I want to hear Scott talk with Michael Saylor👀
Intrapersonal benefit of the doubt is gone from society. Every stranger is assumed to not have your best interest in mind. Im not sure the ethos was like that in generations past
There is very little I disagree with him on.
Most of us wish we weren’t alive. None of you older generations understand us. We feel completely misunderstood and we feel we can do better than any of you.
There are so many things that are obvious to people under 40 that people over 40 can't even comprehend
@@kwyatt261 such as.....
"Champaign and cocaine disco party we're having in the markets..." what a visual 😂
33:45 guardians of gotcha 😂
Wait, so everybody doesn’t pay the same percentage of their income towards social security? Well that’s not fair🤨I always wondered, smh
Well there’s a flat percentage that we all pay which is 6.2%. However there is a maximum earning limit where once you hit it you’re no longer subject to that tax
I simply hate Tik Tok because it's immediately obnoxious when you open the app. I don't use TiK Tok.
Hopf is correct.
The world changed when Engineers were replaced in the boardroom with Accountants/Financial advisors.
You are blaming the tool not the operator
The minimum is a sticky wicket sure it’s nice to be paid more but some companies are really struggling to make money, it could lead to companies going under.
It should come into play with mega companies whose board of directors and ceos get paid many millions in bonuses.
Everyone under 50 needs to read "A Generation of Sociopaths."
I think he has no conception of what the working or middle class experiences compared to my generation, Korean War generation. It was so much more reasonable to get educated beyond high school. The cost of housing,food, transportation was more in line with our incomes. The fact that capital gains taxes are so low that millionaires pay less tax than most salaried people is much more important. He is right about retirement homes and nursing homes. Grandma and Grandpa used to be cared for by their children not society.
I think minimum wage conversations are pointless, noone pays minimum wage, capitalism has pushed wages almost double that…i live in the middle of nowhere in iowa, and dairy queen hired my 16yr old daughter at 10. An hour, and around here, you can rent a nice apartment for 550 a month…. wages are already getting pushed up because people are just going to whoever pays. The most money and companies are being forced to pay more money so that they can make money and be open. There’s a big difference between a factory that produces a whole bunch of trinkets that are able to be sold, a small town grocery store… minimum wage was $25 an hour. I am pretty sure our grocery store would close down and then all of us are going to be forced to spend eight bucks in gas to drive 35 minutes to get groceries every week…. Food can’t get more expensive. People can’t even afford to eat.
I disagree with his assertion that old people are less productive and more expensive. I am 60 and I am far more productive than the people a third my age that I work with, to the point of me having to do their work. I have not been to the doctor in years, while they are constantly absent from work, so I fail to see where I cost more. Being pro-youth is fine, but I think he has let it get to a bias. That said, I agree with much of what he says, despite the fact that his characterization of older people is highly inaccurate in my case.
Older people also help in numerous other ways where it relates to younger individuals. Though not monetary, the help/wisdom/guidance given are priceless.
Because of inflation, the younger generation have less disposable income. But no, opportunities exist and are always there. Did our generation have UA-cam and Tictoc and Amazon and Netflix millionaires and billionaires?...no. We worked and learned how to do something, how to build something, how to fix things. The trades are wide open with tons of opportunities and no one wants to work. So....total bs.
Scott are you sure you don't wanna run in 2028?
I hope he has that same energy for Trump's administration and RFK pushing for reforming the FDA.
Scott you’re a millionaire, tell us about how you’re helping young people financially. I imagine you have some sort of foundation?
Not to single Scott or any individual out, but what would a foundation to help young people offset these structural inequalities and structural difficulties look like? Cash flow from the handful of ethical and reality-based wealthy boomers into such a foundation to distribute as cash support would be helpful to a few hundred or perhaps a few thousand young people in the very short term, but there needs to be more to it to make a lasting and meaningful impact. What might that be?
@@Hulksmashhulkregretdid you watch the 1st video?
More divisions
Invite Rabbi Daniel: I listen to him, and my life 🧬 changed
They killed Kennedy for attempting to be that guy but I’d love for you or Shahid Bolson to be that guy
I like a great majority of what Scott says but I would like to hear how he reconciles his suggestion to "make bad decisions" while attacking the food industrial complex and social media. Seems like a conflicting statement on face value.
"Blackrock" in Saudi to secure petrodollar
Americans have traditionally hated taxation, so for years they've.... gotten what they've paid for in terms of social mobility, quality of public services, and societal health indicators. They've now ended up with a set of extremely serious critical systemic niche problems, social health indicators that are inferior to more than half of all OECD nations, across the board, with a backdrop of a completely unravelling society, a significantly poisoned political culture, and at least one political party primed for authoritarianism.
Thank goodness I'm European.
I've had $580,000 stolen from me in SS taxes along with millions more people. Simple pay us what you owe us and then you can end SS deal?
22:40 he is so close then he says something as stupid af like that, not realizing instagram, youtube etc is all the same and none of those make you hate america, it feeds you the content you like. Not understanding social media seems to be the most boomer thing
Just sounding smart doesn’t make you smart. There are numerous psychological studies proving that social media, including UA-cam, have, on a very general level, been negatively impactful on mental health.
I was thinking the same thing. If all he sees on TT is cute dance videos and people who hate America, it's cause he taught the algorithm that's what he wants to see. While TT has a lot of fun, silly videos, it also has a lot of educational videos & resources on many different topics including history, science, politics, religions, etc. Anyone who doesn't see the beneficial sides of TT clearly doesn't know how to use the app or how the algorithm works. Sometimes, I end up having so much educational content on my feed, I have to go looking for some fun, silly videos just to break it up a bit.
Social media has been a huge downfall. Living prior to it & now living with it, I’d take life without it 100%. The cons of social media outweigh the pros. And, no, I’m not a boomer.
Forget Older people, let talk about AI will come for us all.☹
You are the guy who stole the chipmunks!
😂🤣😂
Figure out how to make the wealthy pay their fair share and these programs new and old can work.
Well, whether or not you agree with his opinions or hope to see them start to get some traction...Trump for 4 years. Class dismissed.
Comment for algorithm
THERE all Selfish and ridiculously greedy … they will learn
👀
Ça me fait rire de voir des jeunes et des personnes âgées en train de se battre 😂🤣😂 « Toi t’as raison, toi t’as tort » 😂🤣
I didn’t hear him say that he, himself, won’t take social security when available. I don’t hear him saying that he himself will spend his millions to help society. Typical “do as I say, not what I do” of rich people.
This year alone he's given away more to charity than he'll ever get from social security... Millions upon millions every year.