Should economics be the foundation of human civilization? What I mean is should it lead or play a more subservient role? I again think we will need international laws to reign neoliberal capitalism. We at some point will have to govern as a planet or a complete ecosystem. Post scarcity should be the goal. The externalized cost must be accounted for, from lung cancer or climate change. I want more Richard Rorty and less Chicago school.
When / where was this magical place where markets were free because government wasn't bought and paid for by giant corporations? Certainly not in my lifetime.
I'm not defending "free markets", I'm pretty far left, but here me out on the semantics and history of the free market. It's original meaning was free of interest, rent and debt. It contrasts itself with landlordism, where you were indebted and paid interest to build equity for someone else. Free market economics emerges from this peasant servitude, where the freedom to own meant you were no longer paying money towards a landlord. Thus, the free market was conjured as a place to buy/sell outright, as opposed to engaging in drawn out indebted exchanges. The free market as a market free of regulation was a way to cram a wedge into the market economy for which rent and debt became normalized. The regulations stop people from indebting each other into these landlord-like contracts, and they lie to people by saying "our free market means we can indebt people without the government interfering". Then, you just have a rentier debt based economy, and everybody hates the word "free market" because it's associated with exploitation.
@@Joe-sg9ll sounds like work and I'm about to take a nap. You'll have to figure the rest out yourself, unfortunately. I do have a new video on my channel that may give you some idea of what I want to see in the world.
Trying to recapture the 'glory days' of old when things worked is a FAR cry from admitting that certain concepts and polices haven't worked well (California!!)
This is just a bunch of useless words. Talk to me about energy, religion, demographics, soil degradation, wealth pumps, elite overproduction, corruption if institutions, psychological operations and more importantly AGI/ ASI. Real shit.
Point of fact, America was founded on ideas AND ethnicity. The new American multiethnic experiment only started in the 70s. Jewish scholars may find their exclusion a challenge to their status unless it is instrumentally useful to be used as a weapon to attack the status of American founders. It’s annoying that the discourse is so hamstrung by these types of intellectual gymnastics. To what extent are Jewish thinkers unable to make credible contributions to the solution finding due to their insecurities and specific ethnic interests?
@@bentray1908 Right! Those ideas having to do with religious freedom. It can be a bit disconcerting to reflect on that magnificent Judeo-Christian tradition and see how far short we've fallen as a nation. The Founder's fought for "... all men are created equal ..." and we've been squabbling over scraps since.
@@bentray1908 can you elaborate "... and ethnicity" part, as new multiethnicity started in 70s... so what is different in this old vs new (I know new well too well as it has been quite aggressively and successfully spread all over US "allies" in europe and asia ie those countries who want to trade or be in defense union with US or both options, must adhere to these usually) US can afford this "melting pot", well it is not actual melting pot but ideas only, people like to live in communities with similar people as them. Life is more "efficient" that way to compete. So as being superpower and huge domestic energy and food reserves along other resources, these groups can get along somehow. There is constant tensions still, mafia of different ethnic groups was strong still in 70s,80s. Lot of countries are in resource scarcity so this new way fast turns against neighbor with resource scarcities showing lack of food or lack of jobs and poverty. Is there perhaps way too many groups nowadays? People cant know anymore what kind of person is there, as simply too many different kinds and "subethnicities" of nationalities eg india, russia, china contain plenty different groups which then may not get along after they move to US.
@@effexon i agree with you. it appears to be empirical fact that trust and cooperation drop when many distinct ethnic groups are competing on equal footing for resources and political power. it seems to devolve into forms of sectarian conflict. solutions: strong ethnic majority instills positive social order. enforce integration like Singapore. make it illegal to talk badly about other groups, Indonesia. go full dictatorship and top down control like UAE. i think us and europe just wanted to balance the actuarial tables so the baby boomers can retire but they risk civil war and cat food instead
The goals we want to achieve should be first and foremost to end abject poverty. Some children can't even learn at school because they are hungry. People need a living wage suitable for the country they live in.
With all the programs such as free school lunch and breakfast, food stamps, food banks, and charities, I find that pretty hard to believe. At least that it's some huge widespread issue leading to alot of our programs. Doesn't mean it shouldn't be solved of course but what do we need to do? Take those kids from their parents?
@@chickenfishhybrid44 a living wage would go a long way to solve many of these problems. Most charities have a very small reach and disappear when public donations run out. They are not fit for purpose to tackle the scale of the problem.
@@marianhunt8899 obviously higher wages will help. and the food stamps and free lunch/breakfast programs? I guess it may not yet be a completely universal thing but kids were getting free lunch at the schools I went to 20 years ago.
@@chickenfishhybrid44 I think you will find they have cut many benefits programs and in some poorer parts of the USA people are trying to feed themselves on as little as 2 dollars a day and selling their blood to feed their children. It should never be allowed on the richest nation on earth. It's just cruel.
@@Joe-sg9llwell every time I need anything I have to part with money so perhaps you inherited wealth and don't manage your own money. How can you then say money does not matter?
LOL! "Neoliberalism" means nothing. It defines nothing. People get hung up on the word "woke" but that has an easier, more coherent definition than "neoliberalism"
Deregulation, privatization of public assets, and cuts to welfare as a trend over decades. You don't have to call it neoliberalism, but that's what the conversation is about.
Neoliberalism was the quest for an alternative after the failure of classical market society to spontaneously organize itself. After WWI the "neo" liberals started to theorize a new form of laissez faire market society. That's where people like Hayek and Friedman come. But then neoliberalism was actually installed in national governments, starting in Chile in 1973 and then Anglo-America under Thatcher and Reagan. In this latter sense, neoliberalism was the dismantling of the twentieth century welfare state starting in the 1970s
it does. It was what the Great Recession was. It was that bubble that popped. From what I recall it's where the market can solve everything and deregulation. In a different era it would have been like the Great Panic of 1893. Then Cleveland gets blamed. When it wasn't his fault. Even though he was a classical liberal in that sense. Where he didn't want to use Gov't. Which we didn't get the tools til the Great Depression.
Really good high level conversation of where Larry feels the culture is moving and the current issues.
This was an excellent podcast! Thanks!
I think its a complete strawman that any serious number of people want to just return the past in its entirety
Yes
And our criticisms are gaslighted or discounted, while the extremes plan on war.
Great content. Please keep it up.
Should economics be the foundation of human civilization? What I mean is should it lead or play a more subservient role? I again think we will need international laws to reign neoliberal capitalism. We at some point will have to govern as a planet or a complete ecosystem. Post scarcity should be the goal. The externalized cost must be accounted for, from lung cancer or climate change. I want more Richard Rorty and less Chicago school.
When / where was this magical place where markets were free because government wasn't bought and paid for by giant corporations? Certainly not in my lifetime.
I'm not defending "free markets", I'm pretty far left, but here me out on the semantics and history of the free market. It's original meaning was free of interest, rent and debt. It contrasts itself with landlordism, where you were indebted and paid interest to build equity for someone else. Free market economics emerges from this peasant servitude, where the freedom to own meant you were no longer paying money towards a landlord. Thus, the free market was conjured as a place to buy/sell outright, as opposed to engaging in drawn out indebted exchanges.
The free market as a market free of regulation was a way to cram a wedge into the market economy for which rent and debt became normalized. The regulations stop people from indebting each other into these landlord-like contracts, and they lie to people by saying "our free market means we can indebt people without the government interfering". Then, you just have a rentier debt based economy, and everybody hates the word "free market" because it's associated with exploitation.
@@Joe-sg9ll define "it"?
@@Joe-sg9ll sounds like work and I'm about to take a nap. You'll have to figure the rest out yourself, unfortunately. I do have a new video on my channel that may give you some idea of what I want to see in the world.
@@Joe-sg9ll please quit pestering me
Trying to recapture the 'glory days' of old when things worked is a FAR cry from admitting that certain concepts and polices haven't worked well (California!!)
This is just a bunch of useless words. Talk to me about energy, religion, demographics, soil degradation, wealth pumps, elite overproduction, corruption if institutions, psychological operations and more importantly AGI/ ASI. Real shit.
Point of fact, America was founded on ideas AND ethnicity. The new American multiethnic experiment only started in the 70s. Jewish scholars may find their exclusion a challenge to their status unless it is instrumentally useful to be used as a weapon to attack the status of American founders. It’s annoying that the discourse is so hamstrung by these types of intellectual gymnastics. To what extent are Jewish thinkers unable to make credible contributions to the solution finding due to their insecurities and specific ethnic interests?
@@bentray1908 Right! Those ideas having to do with religious freedom. It can be a bit disconcerting to reflect on that magnificent Judeo-Christian tradition and see how far short we've fallen as a nation. The Founder's fought for "... all men are created equal ..." and we've been squabbling over scraps since.
@@bentray1908 can you elaborate "... and ethnicity" part, as new multiethnicity started in 70s... so what is different in this old vs new (I know new well too well as it has been quite aggressively and successfully spread all over US "allies" in europe and asia ie those countries who want to trade or be in defense union with US or both options, must adhere to these usually)
US can afford this "melting pot", well it is not actual melting pot but ideas only, people like to live in communities with similar people as them. Life is more "efficient" that way to compete. So as being superpower and huge domestic energy and food reserves along other resources, these groups can get along somehow. There is constant tensions still, mafia of different ethnic groups was strong still in 70s,80s. Lot of countries are in resource scarcity so this new way fast turns against neighbor with resource scarcities showing lack of food or lack of jobs and poverty.
Is there perhaps way too many groups nowadays? People cant know anymore what kind of person is there, as simply too many different kinds and "subethnicities" of nationalities eg india, russia, china contain plenty different groups which then may not get along after they move to US.
@@SmellsLikeNow perhaps
@@effexon i agree with you. it appears to be empirical fact that trust and cooperation drop when many distinct ethnic groups are competing on equal footing for resources and political power. it seems to devolve into forms of sectarian conflict. solutions: strong ethnic majority instills positive social order. enforce integration like Singapore. make it illegal to talk badly about other groups, Indonesia. go full dictatorship and top down control like UAE. i think us and europe just wanted to balance the actuarial tables so the baby boomers can retire but they risk civil war and cat food instead
We can do BETTER than this! Vote for coherency! Know who is CAPABLY running the country! Vote for RFK!
The goals we want to achieve should be first and foremost to end abject poverty. Some children can't even learn at school because they are hungry. People need a living wage suitable for the country they live in.
With all the programs such as free school lunch and breakfast, food stamps, food banks, and charities, I find that pretty hard to believe. At least that it's some huge widespread issue leading to alot of our programs. Doesn't mean it shouldn't be solved of course but what do we need to do? Take those kids from their parents?
@@chickenfishhybrid44 a living wage would go a long way to solve many of these problems. Most charities have a very small reach and disappear when public donations run out. They are not fit for purpose to tackle the scale of the problem.
@@marianhunt8899 obviously higher wages will help.
and the food stamps and free lunch/breakfast programs? I guess it may not yet be a completely universal thing but kids were getting free lunch at the schools I went to 20 years ago.
@@chickenfishhybrid44 I think you will find they have cut many benefits programs and in some poorer parts of the USA people are trying to feed themselves on as little as 2 dollars a day and selling their blood to feed their children. It should never be allowed on the richest nation on earth. It's just cruel.
@@Joe-sg9llwell every time I need anything I have to part with money so perhaps you inherited wealth and don't manage your own money. How can you then say money does not matter?
LOL! "Neoliberalism" means nothing. It defines nothing. People get hung up on the word "woke" but that has an easier, more coherent definition than "neoliberalism"
Deregulation, privatization of public assets, and cuts to welfare as a trend over decades. You don't have to call it neoliberalism, but that's what the conversation is about.
Neoliberalism was the quest for an alternative after the failure of classical market society to spontaneously organize itself. After WWI the "neo" liberals started to theorize a new form of laissez faire market society. That's where people like Hayek and Friedman come. But then neoliberalism was actually installed in national governments, starting in Chile in 1973 and then Anglo-America under Thatcher and Reagan. In this latter sense, neoliberalism was the dismantling of the twentieth century welfare state starting in the 1970s
it does. It was what the Great Recession was. It was that bubble that popped.
From what I recall it's where the market can solve everything and deregulation.
In a different era it would have been like the Great Panic of 1893. Then Cleveland gets blamed. When it wasn't his fault. Even though he was a classical liberal in that sense.
Where he didn't want to use Gov't. Which we didn't get the tools til the Great Depression.
childish takes