@@yxv2023Your memory isn’t so good or you’re being duped by propaganda. To be clear, I am not a Brandon fan but facts matter. The end of the Trump administration had an economy that was essentially shut down. Today’s post-COVID economy is the best of any developed nation in the world. Inflation was triggered by the massive COVID related stimulus that started in the Trump administration and continued under the Biden administration AND further exacerbated by supply chain interruptions related to Putin’s invasion of Ukraine. Unemployment is extremely low, interest rates are falling, and the stock market is 50% higher than it was under Trump. Facts matter.
Feudalism under a banner of Liberty Wealth is power, used to extract more of it from those with less. Mainstream ideology has twisted the meaning of "free market" into the opposite of what the classical economists beginning with Adam Smith intended. The classical economists defined a free market as free FROM economic rents (unearned income), extracted by feudal landlords. The classical role of government is to keep natural monopolies in the public domain and tax away economic rents (the difference between the socially necessary cost, and the price) to use it to lower the cost of production. This is done through subsidies for such things as public infrastructure, education, and health care, not raising the cost of living and therefore the cost of labor, as with neoliberal monopolistic privatization. The mainstream neoliberal (Austrian, Libertarian, Chicago School Monetarist) counter-enlightenment led by the super wealthy was to deny that economic rents are the problem preventing a free market that the government should solve. This means the market is free FOR economic rents such as interest and dividends extracted by monopolies and the banks (FIRE, finance, insurance, and real estate). The financial system is the rentier crown jewel. In private hands lending (creating money) is against financial collateral, and in public hands lending is done for productive purposes. Half of global wealth is in the hands of US corporations, even though the national account, GDP, is nowhere near that. Because the economy does not stay out of government, the result is rule by the transnational rentier oligarchy at the top of Wall Street (the deep state) who do central planning for their private benefit, or neo-feudalism. These two approaches, industrial capitalism and rentier capitalism, are what the new cold war is all about, and it is the story of rentier capitalism sucking ever more life out of once vibrant US industrial capitalism. Please explain how rentiers getting something for nothing means work pays less. Sent by Copilot: Your detailed explanation highlights the significant impact of economic rents on the economy and wages. Let’s delve into how rentiers getting something for nothing can lead to lower wages for workers: Economic Rents and Rentiers Economic rents are unearned incomes derived from owning assets like land, natural resources, or monopolistic enterprises. Rentiers are those who earn income from these rents without contributing to productive activities. Impact on Wages Resource Misallocation: When rentiers extract economic rents, resources are diverted from productive investments to rent-seeking activities. This reduces overall economic productivity, leading to slower economic growth and fewer opportunities for wage increases. Increased Cost of Living: Economic rents often increase the cost of living. For example, high rents for housing or monopolistic pricing for essential services like healthcare and education raise the cost of living. Workers then need higher wages to maintain their standard of living, but businesses may not be able to afford these higher wages, leading to wage stagnation. Reduced Bargaining Power: Rentiers often have significant economic and political power, which they can use to influence policies in their favor. This can result in weaker labor protections and lower bargaining power for workers, making it harder for them to negotiate higher wages. Lower Investment in Human Capital: When economic rents are high, there is less incentive for rentiers to invest in productive activities, including education and training for workers. This can lead to a less skilled workforce, which in turn can depress wages. Historical Context Feudalism: In feudal societies, landlords extracted rents from peasants, who had little to no bargaining power. This kept the peasants in a state of perpetual poverty, as most of their earnings went to the landlords12. Industrial Capitalism: The rise of industrial capitalism saw a shift towards productive investments, leading to higher wages and improved living standards. However, the resurgence of financial capitalism and rent-seeking behaviors has reversed some of these gains. Modern Implications Neoliberal Policies: Neoliberal policies often favor deregulation and privatization, which can increase economic rents. For example, privatizing public services can lead to monopolistic pricing, increasing costs for consumers and reducing disposable income. Financialization: The focus on financial markets and short-term profits can divert resources from productive investments, leading to lower economic growth and wage stagnation. In summary, rentiers extracting economic rents without contributing to productive activities can lead to a misallocation of resources, higher costs of living, reduced bargaining power for workers, and lower investments in human capital. All these factors contribute to lower wages and reduced economic mobility for the working population. Does this help clarify the connection between rentiers and lower wages?
- It’s truly astonishing how unscrupulous felon & lunatic Trump, blatantly disrespects & manipulates his supporters. Yet, they continue to embrace him. As a 30 yr vet & a GOP for 5 decades, I WILL VOTE as a democrat for the 1st time.
End Trumpism and end maga-madness. Bring back the REAL Republican Party. Maga hasn’t won an election cycle since 2016. Run better candidates and get better results.
@rickykratzer3858 Absolutely , this administration has made it clear enough that they have never had the interest of our country at heart . its a shame people still have confidence in her .This administration has been a curse to our country . Anyways hope you are staying safe ?
@williamcanter3233 Exactly , its a shame people still have confidence in this administration .This administration has been a curse to our country . Anyways hope you are staying safe ?
LARRY, ART AND BYRON ANYTIME THAT I HAVE THE OPPORTUNITY TO HEAR ANYONE OF YOU SPEAK I AM ALL EARS. I AM NOT AN ECONOMIST, BUT WHEN YOU SPEAK, I CAN UNDERSTAND. THANK YOU AND KEEP BRINGING IT.
To those who are voting for Trump please vote Republican straight down the ticket. Otherwise the Democrats will stop him from succeeding while he is in office.🙏🙏
🇺🇲I can't hardly wait to see ou⭐️r🇺🇲 true President Mr. Donald🇺🇲 J.Trump,⭐️ Mrs.Melania Trump🇺🇲 🇺🇲and the family return back🇺🇲 home where they belong for the next eighth🇺🇲 year's!!!!!!!!!!!!⭐️🇺🇲⭐️
The problem is that they raised the minimum wages and that won’t go down making prices go up. In California for example is $20 an hour and you can’t go anymore to a fast food place.
Brilliant, these three guys, Kamala and Tim, well U Tube wouldn't allow me to say, but they don't even have the ability to learn from their own mistakes.
I’ve been around as long as Larry, Larry really tried to work with Harold Ford back in day Byron, he’s doing ok but stick with the these amazing very accomplished Americans and it’s no limit as to how far you can go to.
As well as most Democrats she has never run or worked for a private company whose goal is to be profitable. And it clearly shows in her public statements. She is a disaster in every conceivable way but particularly in her knowledge of economics.
A vote is not a valentine expressing love for a favorite candidate. A vote is a move in a chess game aimed at bringing the world what you want it to be.
Vote Trump save American’s. Pray for our country🙏❤️🇺🇸
Byron Donald's I wanted you as VP, it's all good. God Bless the USA❤❤❤
He had no chance with Trump, can you guess why?
I miss the booming economy. Trump Vance 2024.🇺🇸🇺🇸🇺🇸
Me too,evidence of the economy and national security under Trump was much better 2016-2020.
@@yxv2023 Agreed!
@@yxv2023Your memory isn’t so good or you’re being duped by propaganda. To be clear, I am not a Brandon fan but facts matter. The end of the Trump administration had an economy that was essentially shut down. Today’s post-COVID economy is the best of any developed nation in the world. Inflation was triggered by the massive COVID related stimulus that started in the Trump administration and continued under the Biden administration AND further exacerbated by supply chain interruptions related to Putin’s invasion of Ukraine. Unemployment is extremely low, interest rates are falling, and the stock market is 50% higher than it was under Trump. Facts matter.
LOVE LARRY KUDLOW!!
Trump 2024 🇺🇲🇺🇲🇺🇲
Feudalism under a banner of Liberty
Wealth is power, used to extract more of it from those with less.
Mainstream ideology has twisted the meaning of "free market" into the opposite of what the classical economists beginning with Adam Smith intended. The classical economists defined a free market as free FROM economic rents (unearned income), extracted by feudal landlords. The classical role of government is to keep natural monopolies in the public domain and tax away economic rents (the difference between the socially necessary cost, and the price) to use it to lower the cost of production. This is done through subsidies for such things as public infrastructure, education, and health care, not raising the cost of living and therefore the cost of labor, as with neoliberal monopolistic privatization.
The mainstream neoliberal (Austrian, Libertarian, Chicago School Monetarist) counter-enlightenment led by the super wealthy was to deny that economic rents are the problem preventing a free market that the government should solve. This means the market is free FOR economic rents such as interest and dividends extracted by monopolies and the banks (FIRE, finance, insurance, and real estate). The financial system is the rentier crown jewel. In private hands lending (creating money) is against financial collateral, and in public hands lending is done for productive purposes. Half of global wealth is in the hands of US corporations, even though the national account, GDP, is nowhere near that. Because the economy does not stay out of government, the result is rule by the transnational rentier oligarchy at the top of Wall Street (the deep state) who do central planning for their private benefit, or neo-feudalism.
These two approaches, industrial capitalism and rentier capitalism, are what the new cold war is all about, and it is the story of rentier capitalism sucking ever more life out of once vibrant US industrial capitalism.
Please explain how rentiers getting something for nothing means work pays less.
Sent by Copilot:
Your detailed explanation highlights the significant impact of economic rents on the economy and wages. Let’s delve into how rentiers getting something for nothing can lead to lower wages for workers:
Economic Rents and Rentiers
Economic rents are unearned incomes derived from owning assets like land, natural resources, or monopolistic enterprises. Rentiers are those who earn income from these rents without contributing to productive activities.
Impact on Wages
Resource Misallocation: When rentiers extract economic rents, resources are diverted from productive investments to rent-seeking activities. This reduces overall economic productivity, leading to slower economic growth and fewer opportunities for wage increases.
Increased Cost of Living: Economic rents often increase the cost of living. For example, high rents for housing or monopolistic pricing for essential services like healthcare and education raise the cost of living. Workers then need higher wages to maintain their standard of living, but businesses may not be able to afford these higher wages, leading to wage stagnation.
Reduced Bargaining Power: Rentiers often have significant economic and political power, which they can use to influence policies in their favor. This can result in weaker labor protections and lower bargaining power for workers, making it harder for them to negotiate higher wages.
Lower Investment in Human Capital: When economic rents are high, there is less incentive for rentiers to invest in productive activities, including education and training for workers. This can lead to a less skilled workforce, which in turn can depress wages.
Historical Context
Feudalism: In feudal societies, landlords extracted rents from peasants, who had little to no bargaining power. This kept the peasants in a state of perpetual poverty, as most of their earnings went to the landlords12.
Industrial Capitalism: The rise of industrial capitalism saw a shift towards productive investments, leading to higher wages and improved living standards. However, the resurgence of financial capitalism and rent-seeking behaviors has reversed some of these gains.
Modern Implications
Neoliberal Policies: Neoliberal policies often favor deregulation and privatization, which can increase economic rents. For example, privatizing public services can lead to monopolistic pricing, increasing costs for consumers and reducing disposable income.
Financialization: The focus on financial markets and short-term profits can divert resources from productive investments, leading to lower economic growth and wage stagnation.
In summary, rentiers extracting economic rents without contributing to productive activities can lead to a misallocation of resources, higher costs of living, reduced bargaining power for workers, and lower investments in human capital. All these factors contribute to lower wages and reduced economic mobility for the working population.
Does this help clarify the connection between rentiers and lower wages?
TRUMP 2024 WE NEED TRUMP NOW, USA USA USA, TRUMP TRUMP TRUMP TRUMP TRUMP TRUMP
HAVE YOU READ PROJECT 2025 PLLAN... TRUMP JUST ADMITTED HE LOSS THE ELECTION TODAY W*H*A*T?????
Byron is phenomenal! "She already broke America's economy. Don't let her do it again." He couldn't have said it better.❤
Go Trump. Be on their team.
VOTE RED AMERICA AS IF YOUR LIFE DEPENDS ON IT BECAUSE IT DOES AND YOUR KIDS AND GRANDKIDS LIVES DEPENDS ON IT TOO!! 🇺🇸❤️🇺🇸❤️🇺🇸❤️🇺🇸❤️🇺🇸
- It’s truly astonishing how unscrupulous felon & lunatic Trump, blatantly disrespects & manipulates his supporters. Yet, they continue to embrace him. As a 30 yr vet & a GOP for 5 decades, I WILL VOTE as a democrat for the 1st time.
this guy should be speaker of the house
I agreed!100% !!!! Love Byron Donald!!👍🏽❤️🇺🇸
I agree. He is a boss. A true straight shooter and leader. This country presently has no leadership. We've got beachbody Joe , and ear bud Kamala.
No! I was hoping he'd be Trump's VP.
@@benjohnson7950 Pointless comment.
He needs to be in Trump's Administration. He would be a great Press Secretary.
Byron Donald is great. Smart man!
His vocabulary is stunning lol.
Unlike Trump, who is a criminal idiot
Very Smart!
@@neightd1080 a black man supporting a racist isn't too smart in my book
@@kevinprouten5741 Wow really. TRUMP 2024!
Wow that was a FANTASTIC interview!! Three AWESOME PATRIOTS for OUR AMERICA!!! MAGA 24 !!!!
What is a patriot to you?
@@KingSaint45 If You Have To Ask, You Are NOT ONE! TRUMP 2024! USA! MAGA!
18 years in the army Infantrymen and I have to ask ok 🤡
Vote Trump/ Vance to get America back, make America safe again for our children & grandchildren!! 👍🏻👍🏻🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🙏🙏🙏🙏🙏
Agreed...Byron Donalds should be considered for the Speaker seat.
They will lose the house.. So he's going to have to wait until 2029
End Trumpism and end maga-madness. Bring back the REAL Republican Party. Maga hasn’t won an election cycle since 2016. Run better candidates and get better results.
@@TheBigfattuna 😂😂😂 that will never happen, they tried to assassinate Trump remember?????
He sucks
President Trump ...put this great man in your Cabinet!!!
That's former president and senile rapist felon trump
Thank you Byron !!!! 💪🏿💪🏾💪🏽💪🏼💪🏻🇺🇲 TRUMP
Trump 2024
For economy
For peace
For America 1st
Amen brother we need Trump back now
@rickykratzer3858 Absolutely , this administration has made it clear enough that they have never had the interest of our country at heart . its a shame people still have confidence in her .This administration has been a curse to our country . Anyways hope you are staying safe ?
All Ready Vote For Trump
@williamcanter3233 Exactly , its a shame people still have confidence in this administration .This administration has been a curse to our country . Anyways hope you are staying safe ?
He's a star
All facts, salute Byron!!
JD VANCE AND DONALDS IN 2028🎉🎉Trump 2024
Idk you could put tulsi in there
Mr. Donalds- TOTAL RESPECT !!!
Yeah he can stop bowing now.
Me too!
Who thinks Harris is 100X worse than Biden ?.!
Me❤TRUMP!!!!
no worse than potato head
Fight! Fight! Fight! Win! win! Win! President Donald Trump will win landslide.🇺🇲🧑💪👍👏
VOTE HELL NO ON HARRIS, WALZ AND BIDEN
You forgot to add Obama
@Babybeamergirl right !!!
Thank you for all you guys keep up the good work!! Vote Trump/Vance 2024 build America back!!! USA USA 🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸🇺🇸
MAGA 2024 FTW
Far Too Weak ?
🇺🇲It's going to be awesome!!!!⭐️🇺🇲⭐️
This is all about XAI650K if they really manage their plan we can actually have better times, do not give up everyone
xAI is doing a great job
Finally they got it out, I thought it takes longer
lol Elon said something about this when he talked to Lex I recall
This won't save Elon's X
wait it's out already?
What a great show! Wow what a powerhouse team. Thank you Mr. Kudlow🇺🇸Trump/Vance🇺🇸
Trump 2024🙏🏻🇺🇸🙏🏻🇺🇸
LARRY, ART AND BYRON ANYTIME THAT I HAVE THE OPPORTUNITY TO HEAR ANYONE OF YOU SPEAK I AM ALL EARS. I AM NOT AN ECONOMIST, BUT WHEN YOU SPEAK, I CAN UNDERSTAND. THANK YOU AND KEEP BRINGING IT.
With Elon and XAI650K there is a clear path I believe everyone should respect
Do not think that is a bad joke they know their thing
Musk and Trump need each other and they need this project to work too
The xAI is energy efficient and scaling, nothing comes close imo
Finally they got it out, I thought it takes longer
Recommended the reviewvids about it, this is spreading far
Love Byron Donald’s! So smart!
We love your work Mr Donald’s ❤
Thank you, Byron Donalds and Fox News appreciate the Truth and yes we need Donald Trump back in office Mandatory
I hope to see Byron Donalds on Trumps Cabinet
Timely topic for a hopefully receptive audience. Trump/Vance ‘24.
We want Trump
Love Byron Donalds - straight up and to the point.
The grocery store blew my mind today
Stuff went up again .
Crazy times
To those who are voting for Trump please vote Republican straight down the ticket. Otherwise the Democrats will stop him from succeeding while he is in office.🙏🙏
Also make sure you re register as rep. Or they will throw out ur vote
Good that XAI650K started at such a crucial day if that was not a thing we would be doomed by now
Finally they got it out, I thought it takes longer
How long presale open for this xAI? looks rly good
The big talk on Lex was detailed about this, too. This is a smart step ahead of all competition
Before you judge at least watch the review
what is that thing lol
💯🎯
👏👏Bryon Donald 👏👏👏
The only thing Harris is worried about is her own personal gain , just say no to harris walz.
Absolutely agree!
Can Kudlow shut up? Very tired of his take and incessant interruption.
Oh my gosh, my fave!!! Art Laffer so excited and one of my other favorites BYRON!
Trump and Elon are saving the entire world with this XAI650K thing man
Good evening Mr. Donalds.
This is a Great,Awesome & Important 💯 Issue.
Extraordinary Smart Team!!!!!
Believe in three things: Trump, Elon Musk and XAI650K
yES sOME MONEY experts think WE MAY HAVE A CRASH SOON ??
Wealthy people move their money out of the country when taxes are too high! The middle class always suffers!
💈TRUMP VANCE💈
🇺🇲I can't hardly wait to see ou⭐️r🇺🇲 true President Mr. Donald🇺🇲 J.Trump,⭐️ Mrs.Melania Trump🇺🇲 🇺🇲and the family return back🇺🇲 home where they belong for the next eighth🇺🇲 year's!!!!!!!!!!!!⭐️🇺🇲⭐️
Melania left him!
these 3 guys together is awesome. so much common sense policy pouring out of all of them
Vote Trump 2024-2025
The cornerstone of the Republican Party is smaller Government and lower taxes. Business Tycoon vs Political Buffoon. Vote wisely.
Smaller government control under bone sours for sure. Ever read project 2024 karen.
Thank you Congressman Donalds from US citizen
People should study the Laffer Curve. Very simple to understand. And it works!
I would like to see Byron Donalds run for President some day...
They are installed. The voting part is fake. Fake like POWERBALL.
God bless America God bless Donald Trump
From first ever seeing n hearing Donalds I pegged him for future prez, he just proper in every way!!
I can only Pray for the Teflon Don...❤
God bless Byron and F KH and the DNCCP.🎉🎉🎉🎉🎉❤❤❤❤😅😅😅😊
Byyy-raaaaan !!!
DJT invite Comrade K to give her economic policy . She will faint 😀😀😀
I’m black outside and I’m voting my uncle Trump 💪🇺🇸💪
Loved the back and forth with your 2 guests. Need to ask. Byron Donalds 2028?
I’d also say BOYCOTT Amazon but, I did for myself so 🤷🏻♂️
The problem is that they raised the minimum wages and that won’t go down making prices go up. In California for example is $20 an hour and you can’t go anymore to a fast food place.
Brilliant, these three guys, Kamala and Tim, well U Tube wouldn't allow me to say, but they don't even have the ability to learn from their own mistakes.
With the talk of Elon and Joe about XAI650K I actually have hopes again
This is why we need a strong business man with common sense to run this country
Comprehensive employment training act will bring down the crime rate down
So True MR Donalds!,,,good job!
Make sure you all get some sleep tonight. Thanks for a great program guys.
Vote Trump and Vote Republican all the way down the ballot so he can deport without interference if you don't want to keep living like this.
“Byron Donalds. He’s smart. You have smart ones and ones that aren’t quite so good.” 🤔
'Price gauging' Cant get any dumber
What I don't understand about Japan is why have we given it back to them after ww2 , it just doesn't make sense
Regan is great
I’ve been around as long as Larry, Larry really tried to work with Harold Ford back in day Byron, he’s doing ok but stick with the these amazing very accomplished Americans and it’s no limit as to how far you can go to.
Them mentioning apples makes me hungry for apple pie 🥧! Mmm
Drain the swamp ❕
As well as most Democrats she has never run or worked for a private company whose goal is to be profitable. And it clearly shows in her public statements. She is a disaster in every conceivable way but particularly in her knowledge of economics.
Also as Border Czar and she is terrible at foreign policy. You are right she is terrible in every category.
A vote is not a valentine expressing love for a favorite candidate.
A vote is a move in a chess game aimed at bringing the world what you want it to be.
Holy moly. Truth is the furthest thing from these two dip chips.
Art reminded me of a bobble head doll for nearly 3 minutes at the beginning of this clip.
Byron Donalds for future president!!!
reciprocity and mutual respect is the trump superpower. the most important thing
Lower the price of fuel, and it's a chain reaction, the prices of everything else will come down.
they know Harris going win trump very worried
Love love love Byron ❤️
The only record I think COMMIELAW Harris could break is a record for stupidity
Ooopppsss … Regan movie is great
Its good to see Larry have fun when Art and Byron join his forum! 🇺🇸 FYF Democrats, it's the economy stupid!
NO NECROMANCERS NECROMANCY IS THE UNPARDONABLE SIN
How can she give illegals 150,000 dollars for a house when theres a deft of 35 trillion dollars can someone
Make that make sense ? 🤔🤔🤔
K’Harris couldn’t spell AI, remember she was czar of that, too? No surprise 2+2 is also over her head.
VT ❤❤ Byron ❤❤