In Hell, Ronald Reagan is still explaining to Maggie Thatcher that Heaven will eventually trickle down to them.
@aganamichael198
5 ай бұрын
😂😂 that’s a good one
@Stephen-hs4bc
4 ай бұрын
Friedman as well
@OnionChoppingNinja
Ай бұрын
the 4th Circle of Hell (greed) has been overpopulated since 1980
@HaveYouTriedGuillotines
16 күн бұрын
Stop calling neo-cons neo-liberals. The cultural differences need to be stressed in order to elucidate why they feud with each other. It also needs to be clear that the term liberal here doesn't refer to actual liberalism, but rather liberal economics. Most neo-libs are _socially authoritarian._
@HaveYouTriedGuillotines
16 күн бұрын
Stop calling neo-cons neo-liberals.
@DonJorgeRM
Жыл бұрын
Pausing to say that this is something I've noticed lately too: every argument for building a better world, from renewable energies to public transit and walkability, are stained by the need to create profit for somebody. There's always that framing. Improving people's quality of life is never a good enough reason.
@DanielGarcia-rx3kt
Жыл бұрын
I've had someone try to reason with me that maybe there was a reason Michigan's Republicans (I'm pretty sure was the state) had arguments against its governor providing free lunches for students at school. I couldn't believe that someone would legitimately try to justify not feeding children in any way. I said that I actually don't care *what* those arguments are because you're a scumbag if you try and justify any argument against feeding children. I just don't get it sometimes. There are adults willingly admitting that it's fine if children suffer.
@hypnoticdelta7937
Жыл бұрын
This needs to be shouted from a mountaintop. Like, why we even paying taxes if we can't get public goods? More public transit, more COVID relief when the economy shut down and so many people were struggling, etc. etc.
@johannesh.9955
Жыл бұрын
You can see it most strongly in renewable energies. They are dirt cheap, but their profit margin is also very low. Capitalism does not care how expensive something is, as long as it is bought and the profit is as high as possible. As long as you can sell fossil energy, it doesn't matter how expensive and harmful it is, you will always make more profit than with renewable energy.
@hectorvega621
Жыл бұрын
I just want to let everyone know that Taxes is a tool for lowering inflation. The argument should be why vote for Politicians who won't vote to spent a dime of their constituents? Although when it comes to State. I say probably yeah.
@crazyeight9
Жыл бұрын
yes buddy we can't spend trillions of dollars on stupid pet projects when they don't return on the investment. Sorry some of us have common sense.
@williamjameslehy1341
Жыл бұрын
Where exactly are people getting the impression that you can rent out a spare room on AirBnb? It has to be a self-contained unit that contains a kitchen and at least one full bath.
@Gaib_al_lisan
21 күн бұрын
What? No. I've lived in AirBnbs wherein the kitchen and toilet was shared
@tydickerson3443
Жыл бұрын
Crazy to think I’m just supposed to finish the workday after listening to this
@WisecrackEDU
Жыл бұрын
We're sorry.
@katattack907
Жыл бұрын
The joke at 5:43 was somehow unironically reassuring? I feel like I'm going to add that moment to my list of morning affirmations! Stellar video, as per usual on this channel. Michael, you're one of my top five fave parasocial relationships for sure!
@WisecrackEDU
Жыл бұрын
Thank you!
@thejimreaper563
Жыл бұрын
I absolutely adore this channel and it’s quality, keep up the good work wisecrack
@jjverce
Жыл бұрын
Not capitalism, but free markets. Milton Fridman constantly made that distinction.
@helldad4689
Жыл бұрын
i had this lit teacher in college who would always talk about how the biggest building in any town tells you about what that culture worships, so like it was temples and bloodsport coliseums in rome, and churches in medieval europe, and then he pulled up the wikipedia page for the tallest building in our city, which was a building that was built by the energy company and currently owned by the bank.
@thatpandaz6094
9 ай бұрын
What a based teacher
@stevencollins8348
6 ай бұрын
I like that idea
@gentlemandemon
Жыл бұрын
The idea that any system on a finite planet has room for infinite growth is fundamentally flawed. Economies should be judged for stability, not growth.
@EyeonthePrize247
Жыл бұрын
No, you’re just a woke leftist!!! Just pull yourself up by your bootstraps!! Everyone can achieve the American dream if they just work hard enough! /s obviously, lol.
@osurpless
Жыл бұрын
“MOLLEM What is the current population of Earth? JOE Well, if you can forgive me, I don't know the exact number-uh, somewhere in the neighbourhood of six billion. CARTER Growing at a rate of several million a year. MOLLEM That growth rate is unsustainable…” - Stargate SG-1 - 2001 - Mollem
@tomybartok99
24 күн бұрын
"Infinite growth in a finite system" is called cancer in biology. Scary parallel
@boxdynomite3
Жыл бұрын
I'm reminded of a video essay about capitalism and they had a good quote: "Americans think they're millionaires in the making". Such a good explanation on one reason why people think neoliberalism is ok.
@williamceuppens5533
9 ай бұрын
I think it might have been John Steinbeck who said something along the lines of: the reason socialism never caught on in America is that most Americans consider themselves to be temporarily embarrassed millionaires
@elmerglue21
8 ай бұрын
@@williamceuppens5533something like that. The line is paraphrased from America and Americans, where he says that many of the communists he knew were middle classed middle aged people who were chasing dreams and how the trouble was there weren’t any self admitted proletarians. Everyone [ that was a communist ] was a temporality embarrassed capitalist. The communists Steinbeck knew, he wrote, couldn’t have disrupted a Sunday school picnic, and besides, they were too busy fighting amongst themselves.
@serversurfer6169
6 күн бұрын
The worst thing about capitalism is that the best anyone can hope for is to become part of the problem. 👎
@insu_na
Жыл бұрын
Fun fact: The German word "Schuld" translates both to "Guilt" as well as "Debt"
@dometrikschramm5301
Жыл бұрын
Don't should on yourself and others.
@yamataichul
Жыл бұрын
@@dometrikschramm5301*Schuld 👌
@EarnestBunbury
Жыл бұрын
Well, almost. Yes, „guilt“ and „debt“ translate to „Schuld“. But „Schulden“ can either be noun in plural (debts), or the verb „to own“
@joshv.1490
Жыл бұрын
People reading same Graeber up in here?!
@maartenknolle3302
Жыл бұрын
In Dutch it's the same
@jackjensen422
Жыл бұрын
Nietzsche has a lot of fun with the fact that in German, "guilt" has the same etymological root as "debt"
@WisecrackEDU
Жыл бұрын
YEP. We *might* be working on a full-length video exploring the relation between those two words . . .
@SMT-ks8yp
Жыл бұрын
And in Russian "debt" and "duty" are literally the same word. As well as verbs "must" and "to owe".
@Nicdehouwer
Жыл бұрын
In Dutch, 'debt', 'guilt' and 'fault' are the same word :)
@nate6908
9 ай бұрын
@@Nicdehouwer you win haha
@thisguyducky
Жыл бұрын
It always felt cult like when econ majors in my college talked about the market, like it was unknowable god that is always correct, just and good. It was creepy then as it is now.
@afreaknamedallie1707
Жыл бұрын
Yes omg! As a scientist I was always like okay but with what proof? And bupkis.
@olamsoevik
Жыл бұрын
@@afreaknamedallie1707Economics is like any other social science. The intuition behind supply and demand curves in economics dates back to John Locke. You arrive at it through OLS regression.
@lacywilliams5649
Жыл бұрын
I see what you mean. Economics was the only class that I felt was trying to indoctrinate me in college.
@FirsToStrike
Жыл бұрын
It's because the assumption that man is a rational being that would always seek to maximize its own reward/loss ratio was probably carried over from utilitarian philosophy which in turn itself had protestant roots. The end goal is maximizing human flourishing by increasing the overall production and exchange of goods. There's a need to create a link between the overall good of humanity and maximizing one's own reward/loss ratio, because if people choose their production or exchange based on anything other than that, For example: if we all went buddhist ascetic mode, didn't work, and survived only on rice- then the entire thing collapses. By explaining how people choose to produce exchange and consume the economists' theories end up also setting how they *should* produce exchange and consume.
@nielskorpel8860
Жыл бұрын
@@FirsToStrike Except there are some ways in which optimisation breaks the world, especiallially if the freed margins are gobbled up in a bottomless pit of some competition, or if we convince ourselves that the margin being freed is a gain, and not an opportunity loss which we did not measure, score, appreciate, or value. Letting your house fall to ruin maximizes your disposable income,... by neglecting to recognise the need to maintain it. And then, amongst your neighbohrs, you could praise and reward those in the neighborhood, with the highest disposable income, because those supposedly have a household which is so much more efficient that they don't need the money don't spend; they must have it to spare. We too often don't think things are worth being good. We don't create value, we create systems that can be exploited. The home-owner lives his house out, rather than build it into a nice home they like to live in... ... for, often, the sake of competition.
@SpoopySquid
Жыл бұрын
“The old world is dying, and the new world struggles to be born: now is the time of monsters.” - Gramsci
@deangajraj
Жыл бұрын
Our neoliberal world seems to have an invisible hand that rocks the cradle, rules the world, and may even pat us on the head and pick our pockets at the same time. The only thing it has not been able to buy off yet is satisfaction, equanimity, and a sense of meaning beyond consumption.
@alwynwatson6119
Жыл бұрын
We don’t live in a neoliberal world. I live in the world pretending to be neoliberal in an attempt to hide its corruption. In fact I think neoliberalism was never intended as anything more than a mask to hide corruption.
@xrodolfox
Жыл бұрын
“Chilean friend” here. The neoliberal experiment in Chile was horrible and tragic. Chile has never fully recovered.
@berniekatzroy
Жыл бұрын
Pinocchio wasn't the worst but I enjoyed some and by some i mean less than a handful of tactics he used during his reign.
@archingelus
Жыл бұрын
Tell me about venezuelan and their socialism
@berniekatzroy
Жыл бұрын
@@archingelus oh maduro can go enjoy a free helicopter ride
@RajKumar-sj2eo
Жыл бұрын
Chile was an economic miracle
@renlevy411
Жыл бұрын
@@archingelusNon-sequitor
@SeiferVII
Жыл бұрын
I'm glad you mentioned Covid. We had businessesmen and politicians literally asking for old people to sacrifice their lives to the economy. EDIT: Looks like he did mention it and I missed it so I rephrased my comment. Sorry, Wisecrack!
@ryanmarquez3556
Жыл бұрын
Or young people to disregard the safety of old people for the economy.
@USSAnimeNCC-
Жыл бұрын
Or wage as you make less and less as your force to work multiple jobs all so the company have ever unsustainable rising grown
@RockitFX1
Жыл бұрын
Yeah that was wild. I can only speak for myself, but I'll take more time with my parents over a few extra bucks any day of the week.
@devinwillis7787
Жыл бұрын
@@RockitFX1is there a place I can trade old people for a few hundred dollars?
@RockitFX1
Жыл бұрын
@@devinwillis7787 get a time machine, go back to 2020 & work without wearing a mask instead of staying home.
@xSaecredChaotixx
Жыл бұрын
Neoliberalism criticism video has an ad for a for-profit online-therapy service (market solutions for every problem). Clearly escape is impossible.
@Noms_Chompsky
Жыл бұрын
The open air prison of capitalism Hoss, the open air prison
@viacrucis2509
Жыл бұрын
Or market which predates neoliberalism by a long shot.
@speedyazi5029
Жыл бұрын
Well, this is what happens when we make capitalism a culture that forces us to bow down to crappy sponsors.
@jsealejandro06
Жыл бұрын
@@speedyazi5029it doesn't. You wouldn't have wisecrack on a socialist country. Nor even on Ayendes chile.
@larrycoldwater1964
Жыл бұрын
Yeah socialism it ain’t 😂
@AnitaFixx77
10 ай бұрын
Chilean living in Canada here...my parents were forced to migrate in the 70s because there were NO decent jobs in Chile under Pinochet's dictatorship. Neo liberalism was the worse thing to happen to Chile and the world. No one will make me feel differently on that point. There was a social movement to change the system in 2019 but it imploded after the pandemic. There will be another one though because the massive social inequities still exist. I am making a documentary about all this...with no support from the Canadian film industry. Anyways thank you for creating these videos...keep them coming! ❤
@tristanbryan3067
8 ай бұрын
Sounds like a great documentary! I would be interested in it honestly I hope it goes well for you and we all get to see it!
@shaunmodipane1
5 ай бұрын
where could we find your documentary?
@untitledproductions644
3 ай бұрын
I love how there are people saying “wokeism is a religion” meanwhile…
@hypnoticdelta7937
Жыл бұрын
Oh this is by far one of my favorite Wisecrack videos..The comparison of our economy/global capitalism to Aztec human sacrifices is gold.
@rodylermglez
Жыл бұрын
As a Mexican... Yeah, the comparison is proper. And the god to which these zealots must sacrifice human blood and lives is called profits.
@bluecollarhero
Жыл бұрын
@@rodylermglezand if we the people of modern times have the right to opt out of the religion of gods then we should have the right to opt out of the religion of capitalism
@shaun7142
Жыл бұрын
The problem with the comparison is that you can compare any economic system to that. The idea that we can have a system without sacrifices is completely unrealistic.
@WisecrackEDU
Жыл бұрын
Appreciate you! Thanks.
@RockitFX1
Жыл бұрын
@@shaun7142you are missing the point.
@GScully42
Жыл бұрын
One reason in my mind for young people offing themselves, they don't want to play the stupid game of capitalism.
@yourfriendlyinternetmeatshield
Жыл бұрын
In the game BitLife, they call it "Surrendering" and I think that is.... uncomfortably accurate term....
@kotovnikthegreat
Жыл бұрын
In communism it's illegal to commit suicide, much better system.
@aislancesar
Жыл бұрын
Quiet Quitting is the future!
@miisgi9641
Жыл бұрын
If I recall correctly, that was Kurt Cobain's specific reason for offing himself...
@jeffreythomson3789
Жыл бұрын
I mean, a lot of those kinds of deaths - drug overdoses, suicide, etc - are literally called "deaths of despair", so you're probably not far from the truth. People don't see the point in continuing on for whatever reason, and so they don't. And of course, a fact that will shock no one, deaths of despair are higher in the US than other developed nations. Gee, I wonder why.
@MisterJingo93
Жыл бұрын
Crazy. Just yesterday I had a debate with some friends, and I thought to myself , how deeply religious they were about economics.
@icyx9268
10 ай бұрын
duh its a fcking cult of course of genocide and want for self destruction to lead us off a cliff whilst dehumanizing
@ozzyhouston2535
7 күн бұрын
Libertarians of any degree are overly-principiled people. The black and white thinking can be a sign of narcissism and is a common feature, I hear, of authoritarianism.
@thezjk2796
Жыл бұрын
Well this is relevant. I'm Chilean and I remember learning about the Chicago Boys at school. The miracle of Chile is still touted as something real, when though inflation during the dictatorship was so bad that our coin got changed twice, and unemployment was so big (due to mass layoffs) that it reached 15%. Not to mention, of course, the dictatorship itself. People around here don't really know about those things, even if they lived it, because our education also got fucked. Funny fact: the unemployment back then also caused a current problem with public transport, where "taxis colectivos" (literally "collective taxis" where it's basically a bus with a set pattern, but a cab instead of a bus) were implemented as a way to create jobs. Now many sectors of the country have traffic problems in part caused by their existence.
@MrMarinus18
11 ай бұрын
And also while welfare was denied to many it was not denied to the military. Pretty much all the welfare systems put in place were maintained for them. Most of that welfare also remained in place for the elite of the government. It was like Pinoche himself knew the model was garbage and while he had no qualms about unleashing it on the people he didn't unleash it on the people who needed the support of.
@wiktorkokosik8747
Жыл бұрын
For anyone interested in exploring the topic of "Neoliberalism as a religion" I highly recommend the game called Cruelty Squad. This game basically immerses you into the CEO Trillionare Grindset as you work as a mercenary for a for profit death squad in a world where life value literally went down to negative values, because due to technology it is possible to get ressurected from death, always, ad infinitum.
@alwynwatson6119
Жыл бұрын
It’s neoliberalism is a religion that worships the free markets then it has no genuine believers. Because most of the liberals who supposedly worship free markets do everything in their power to rig them. And a Riggs market is not free. It’s almost as if neoliberalism was invented specifically as a mask to hide corruption.
@tankissed
Жыл бұрын
I’m from the UK and it utterly destroyed our country. Everything the we had, a first rate, public healthcare system, one of the best drug rehabilitation programs in the world, a United sense of cultural pride…all in tatters. It’s so disheartening. Edit: I just want to clarify my last point is purely about people feeling less inspired and Britain losing a lot of cultural relevance since the 90s, and the younger generation (my generation) having absolutely no trust in the establishment to take care of them. It is *not* about immigration/multiculturalism like some people seem to be interpreting, I myself am the daughter of a caribbean immigrant. Sorry if it seemed vague. I would never promote hate.
@falconeshield
Жыл бұрын
Say thanks to the Torys and Thatcher. You need to vote the Dem Libs, Labour is now a red tory goverment since the Blair days
@jim-es8qk
Жыл бұрын
You do realise thanks the tax revenues generated by neo liberalism is why we have a NHS don't you?
@StoutProper
Жыл бұрын
@@falconeshieldthe liberals? 😂 they lied through their teeth and were in Government with the Tories. We need new politics and a new Parliament
@saints146
Жыл бұрын
They couldn't fix the healthcare socialized system it hurt itself
@Romogi
Жыл бұрын
I agree with you. I saw what companies like Centene did to your country. The creepy thing is how they are using media to make people think that being more like America will make it better.
@Charrbonic
Жыл бұрын
This is such an important topic. Neoliberal culture has resulted in the perception that neoliberalism and neoliberal policies are normal, that capitalism is a state of being rather than a method for rapid industrialization and the subsequent improvement of the human condition. Neoliberalism fails to recognize that if hard, endless work is the minimum, there is no upward mobility.
@Copperkaiju
Жыл бұрын
Well said.
@archingelus
Жыл бұрын
Endless work? What system provides no work for living? Endless work is like socialism’s motto
@SpoopySquid
Жыл бұрын
@@archingelustell me you don't know what socialism is without saying it. Also when socialists refer to "work", they are referring specifically to the act of selling your labour power to a boss
@archingelus
Жыл бұрын
@@SpoopySquid i know what socialism is allrite, my country was close to be one so do you?????? Also what you describe resembles more of capitalism, so if that is the case back to my friggin argument that means no system is different
@nemanja721
Жыл бұрын
1. the possibility of extra profit motivates entrepreneurship. 2. neoliberalism provides distribution of "elitystic" status symbols to the poor in exchange for political and ideological passivity. until those two dispositions are resolved, until an effective response is found, change is not possible
@Chelypal
Жыл бұрын
Chilean here... If you're not aware of it, in October 2019, a massive social unrest erupted out of the economic anxiety created by decades of neoliberal policies. Sadly the pandemic squashed the momentum the movement had to change the neoliberal constitution created by Pinochet and his Chicago boys. People were scared to make changes, the fear mongering was impressive. Unfortunately, one of the most pervasive consequences of years of neoliberal policies, is that people get attached to the little ownership they're allowed by the system, and the fear of losing what little they have, makes them vote against their own and collective interest in the end.
@saints146
Жыл бұрын
Probably because Chile is the economically most advanced nation in South America making change scary
@crazyeight9
Жыл бұрын
lol you mean you're angry that Chile became the wealthiest country in South America under Pinochet. And now you're so stupid you're going to destroy it again.
@blortmeister
Жыл бұрын
One of the best descriptions of why people vote against their own interests.
@jessicalindo7977
Жыл бұрын
Didn't Chile redo its Constitution recently? Or am I remembering wrong?
@dekai7992
Жыл бұрын
Jeez, that's pretty similar to the US.
@Ageman20XX
Жыл бұрын
This was both one of the most clarifying and one of the most absolutely heartbreaking videos I've watched on this platform. Every day our species inches closer to our own version of The Great Filter. :/
@AndersMJustesen
Жыл бұрын
I love comparing capitalism and its function to that of religion's role in the past, perhaps as well in the present, especially symbolically. These were definitely some insightful additions. My own favourites are how much of modern economic/market-speak is utterly alien to most people, just like latin in the past, spoken by economists who are the priests of the modern world. I think this is best shown in The Big Short; I've watched it countless times and besides the big picture, I still don't understand half of the financial gibberish.
@iamcarpetpython
Жыл бұрын
What I think is so dangerous about this current economic/political system that we live in is how market based solutions are the only solutions we will ever get. In previous generations when something went wrong and the working class was suffering, we fot things like the new deal. In today's age, if we have anything like a deep recession, the government will just deregulate, subsidize, and hand power over to the corporations to solve the problem.
@randomcdude4430
Жыл бұрын
You dare doubt the benevolent wisdom of our coorporate overlords!!!??? FORSHAME!!!!! Get thee to thine computing device and throw yourself upon the jlJungle alter of Bezos by purchasing masses of poorly made goods like a scale model of Bezos' phallic sky chariot! And be sure to use mine holy affiliate link in the the description. Help ya boy get PAID!!!
@falconeshield
Жыл бұрын
It's telling that the housing market globally didn't make a dent in value during covid's height (2020-21) compared to the austerity years between 2008 and 2014.
@nonenone5387
Жыл бұрын
I feel neolibralism will continue until there is such a disaster from global warming that the governments of the world declare martial law as there is no market based solution to climate change.
@crazyeight9
Жыл бұрын
the new deal was an utter failure buddy. In 1938, 5 years after FDR took office, the unemployment rate was still at 18 percent. The war is th only thing that stopped the depression. Not the new deal. That's a total lie
@bluecollarhero
Жыл бұрын
I have to ask if these neolibs are soo confident about their private market solutions working soo well then what is the harm in giving a public option to people who want it? Thier "private or bust" is them just telling on themselves.
@alexeyman7301
Жыл бұрын
I remember back in 2018 I was smoking a cigarette with a coworker who I thought I was cool with. I said something to him and he said, "well, why don't you go back to school then you academic liberal!" And at first I laughed, and said "if you keep complimenting me like that I'm gonna have to kiss you" which apparently horrified him because he was clearly serious and I had no idea lmao Idk why that has stuck with me for so many years, I just thought it was so absurd to be insulted like that, I almost wanted to thank him!
@royconestoga7326
Жыл бұрын
The best way to deal with insults is just to drink it in and bask in the hate. It makes people so mad. It’s hilarious.
@falconeshield
Жыл бұрын
"How dare you be smarter than me! Grrrr!"
@pulji6721
Жыл бұрын
I understand when the very rich or influential but into this philosophy; it’s incredibly self serving. What I will never understand is when you have poor or lower working class individuals equally as fanatically devoted. They are the ones that actively suffer from neoliberal systems but are often the systems staunchest advocates.
@TAP7a
Жыл бұрын
Capitalist realism, manufactured consent, and alienation all contribute to the self-destructrion.
@crazyeight9
Жыл бұрын
because you see a lot of people don't want handouts no matter how poor they are. They don't want gov programs or subsidized healthcare. Be like them
@crazyeight9
Жыл бұрын
@stafus well you keep saying why do poor people vote for the right wing. You’re insinuating they should vote for the left wing which supports free healthcare and education and the rest. And I’m saying maybe those people don’t want those handouts.
@birdiewolf3497
Жыл бұрын
@@crazyeight9 how is it a handout? People pay into for the service. Like are roads a handout? Are public schools a handout? That is a right wing talking point. Using tax dollars to fund public goods is not a handout. It’s the whole point of having a government. It’s the same principle behind economies of scale. Doing things on your own is hard and expensive. Scaling things up makes it easy and cheap. We would save money and have peace of mind with free at point of service healthcare. Plus people would have way more influence over what our healthcare can do for us. Vs your employer selected healthcare plans run by private corporations who inflate your premiums because they have profit obligations to uphold. And you have to fight with them to pay for shit they are meant to cover because they don’t want to do so. Also rest is a handout? Seriously? Anyway the real reason why poor people vote for the right is because long ago rich folks realized they could weaken class solidarity with racism or whatever other isms they can make up. Give people a little bit of power over someone else or at least the perception of it and they will fight to the death to preserve it. It’s more potent than hating rich people who actively make their lives terrible and stabs them in the back over and over again. You might be like no way that happens. That surely folks would wise up to the game. I mean I did not fully get it until I read up on how the Haitian Revolution played out. The racism really matters more. Doesn’t matter if you get screwed over multiple times, you still gonna chose racism.
@crazyeight9
Жыл бұрын
@@birdiewolf3497 you're really lost buddy. First racism is at an all time low in america. America is one of the least racist places in the history of humanity. I myself am a minority in america and also right wing. To someone like you who is dominated by this racial grievance ideology that must seem crazy. Secondly why should the less fortunate hate the wealthy. Rich people like all contrived groups have good and bad members. But in that you can see that most of these ideologies are just based on hatred. Hatred of the successful sometimes, hatred of other racial groups because of perceived grievance in other cases. But it's all just garbage. People don't vote for republicans because theyre racist or stupid. When you say things like that you show you're a bad person not them. As to your point on healthcare I simply don't want gov healthcare in any form. It's just going to be a massive waste of money. And like most Americans im very content with having private healthcare. The only gov healthcare I would ever be okay with is one where the gov could never take a loss. If they couldn't take a loss they'd have to operate it like a private company. Hopefully there are enough sensible left in america to stop any such crazy ideas.
@dheerajvanarasa910
Жыл бұрын
My father had a vision through the double-window of an airplane: Aztec gods protecting their city, arms folded like celestial bouncers. Their listless kids swim, jump cannonballs into sulphuric lakes, tickle volcanoes until they laugh ash. At night they get high huffing bus fumes, pheromones & sweat. The sun rises each morning without human sacrifice. The misery of the city is enough. - Our Obsidian Tongues by David Shook
@westonraynak4331
Жыл бұрын
It's good to know that there are lots of good people out there fighting the good fight alongside you
@JellyNyt
Жыл бұрын
I have been talking about these very same things with people at my church and my family. I'm Christian and under my religion there is alot of freedoms and ultimate atonement. But it seems like we don't even follow the bible, we follow capitalism and cultural American ideology steeped in capitalism. I have discussions all the time with church and family members about this and it's tiring trying to explain to them that charity, forgiveness, kindness etc are facits of our beliefs not working all the time, making money, judgement or shame. It seems money is our god now, capitalism the name of the religion and the United States of America is the book it's written on.
@troywalkertheprogressivean8433
Жыл бұрын
Easy for the religious to believe in the "prosperity gospel". The belief that God rewards and punishes with money.
@Copperkaiju
Жыл бұрын
I also often feel that the current state of capitalism is in conflict with my faith. Highly reccomend JJ Mccullough's video "How Evangelicals Became Republicans". It's very much about that cultural connection and history.
@FromDataMakeInfo
Жыл бұрын
I consider myself a Christian, but I know for a fact the mainstream may see me as blasphemous. 1. Jesus was a socialist; and believed everyone should pay their fair share (tithe? Anyone?) 2. Jesus was an inmigrant 3. Jesus NEVER spoke about LGBTQ... probably because is not a problem/sin 4. Jesus HATED greed 5. Jesus was black 6. Jesus was a feminist 7. Jesus LOVED knowledge and wisdom (which can be attained by science)
@Charlakin
Жыл бұрын
@@troywalkertheprogressivean8433 I even feel that this notion extends past Christianity. My parents are Buddhist but of the conversations I hear from my temple and from older Asian people in general is that the wealth and money of Billionaires are a reflection of the good deeds and karma of their past lives. I think it may stem all the way back to Chinese cultural notions of the elite requiring prosperity codes to justify their wealth (or Confucianism). Idk but my point is that the idea that wealth is tied to merit and goodwill is kinda a traditionalist value, including Asia.
@troywalkertheprogressivean8433
Жыл бұрын
@@Charlakin I agree. But it's nothing more than superstition. Some "invisible hand", God, or nature/natural system as opposed to having built a real system in the real world that distributes wealth upwards and doesn't get redistributed for the benefit the people.
@mattpalmer916
Жыл бұрын
Our "original sin" is being born on an owned Earth. The debt that we're all born with and are in a lifelong pursuit of paying off.
@vincenthilla3762
Жыл бұрын
And this debt increases while you grow up. In the US literally via college debt. In Germany, the people tell you how much the government and in turn then society paid for your well-being and education, so you should strive to pay society back.
@Loctorak
Жыл бұрын
Only if you've got something out of the investment, though...
@poptraxx418
Жыл бұрын
@SteveAustin930 the world doesn't owe you anything but your parents do personal responsibility
@hermaeusmora2945
Жыл бұрын
This video made me think of the book "The Protestant Work Ethic and the Spirit of Capitalism" by Max Weber. Neoliberalism may have come about in the 80's but it's foundations have been there for centuries. One of the crimes of Protestantism was the rejection of the mystical, symbolic, the spiritual (of the Catholic and Orthodox churches) in favor of a purely materialist outlook and interpretation of Christianity that laid the foundations to neoliberalism...
@nrsrymj
Жыл бұрын
"crimes of protestantism" 😂
@Finnboy-ml5jv
Жыл бұрын
That's some bogus historical analysis if I've seen one.
@Copperkaiju
Жыл бұрын
I don't think that's fair to Protestants. You sound very ignorant. That's like a Protestant accusing all Catholics of worshipping saints.
@hermaeusmora2945
Жыл бұрын
@@Finnboy-ml5jv Oh, ok. I guess i'll immediately change my thought because some random dick on the internet said "that's bogus". With such stunning wit and rhetoric you should be teaching in a university or become a world leader so everyone can bask in your enlightenment.
@Finnboy-ml5jv
Жыл бұрын
@@hermaeusmora2945 To claim that “foundations of neoliberalism” an inherently modern political ideology can be found centuries before it is self-evidently ridiculous. Let alone the horseshit about “Protestantism rejecting the spiritual”. All religion is inherently spiritual. There is no way you can develop a “non-spiritualist religion”.
@srsatlantic
Жыл бұрын
🇨🇦 Making a public “Wares & Clothing Library” to stop the pain neoliberalism caused in Halifax NS. We open with a catalogue soon.
@srsatlantic
Жыл бұрын
I’m glad to sub to someone who cares so much about the poor
@guts1258
Жыл бұрын
Waiting patiently for this channel to lean more heavily into their politics and just become a Marxist theory channel. We need it now more than ever.
@utubepunk
Жыл бұрын
What other channels do you recommend?
@kevinaguilar9454
Жыл бұрын
@@utubepunkPhilosophy Tube, if you haven't found Ms. Thorn yet. Very engaging and deep dives into philosophical topics.
@nomoregunsinthevalley
Жыл бұрын
Yeesssss I whisper like Palpatine
@johnnygoodman2003
Жыл бұрын
Waiting for more episodes to be hosted by Helen
@aggbak1
Жыл бұрын
Hakim
@mrsylvester5874
Жыл бұрын
So my wife, a Mexican American whose studies specialized in Latin American culture, just wanted to say she loved that you brought up the original name for the Aztec people - Mexica - but it is pronounced "meh/she/kuh" 😊 (I'm trying to type out phonetically how she is saying it)
@Furysonofrage
Жыл бұрын
Thought this too lol
@deeeno6867
Жыл бұрын
I think meh/SHE/kuh might be a better way to write it phonetically to show that the middle syllable gets the emphasis
@WisecrackEDU
Жыл бұрын
Sorry about that!!! I'll try and get it right next time. Ands tell you wife thanks for the lesson.
@faynarawn4164
Жыл бұрын
I have not studied Latin American culture, but I first heard the word "Mexica" in the song People of the Sun, by Rage Against the Machine. Sadly this video may be only the second time I've heard it (27 years later).
@milovarquiel
Жыл бұрын
dont care.
@lorenzoblanco9069
Жыл бұрын
I've read some books of neoliberalism and I've even asked people who use this term. I don't find their definitions very useful. I define neoliberalism as a shallow policy doctrine that is founded on four pillars. 1). Privatization. 2). Deregulation. 3). Union busting. 4). Military solutions to society's problems. This is a very helpful way for me to define neoliberalism. It's what Augusto Pinochet, Tony Blair, Ronald Reagan, Albertro Fujimori, Margaret Thaatcher, and Deng XIaopeng all have in common. Neoliberalism is quite a flexible doctrine: it was able to be present in the USA's Republican Party, the Communist Party of China, the UK's Labor Party, and Mexico's PRI. Anyway, I love Wisecrack. Keep up the good work.
@corneliusmaze-eye2459
Жыл бұрын
Finally, a real video that examines how pervasive greed is
@mylesmays-fletcher1942
Жыл бұрын
Better help is a scam y'all,they take vulnerable people's money and give them little to no help usually just taking the money and running
@mrcool7140
Жыл бұрын
It really drives home the point of the video in the most dystopian way: even the critique of capitalism has been commodified to the point where, apparently, you need to sell out some people's mental health to some BS start-up in order to educate people on the destructiveness of neoliberal thinking... Scary actually.
@sterlingjeppson708
Жыл бұрын
I wonder if he read this comment and thought, "I agree" but then he couldn't post a response because he could lose a sponsor.
@haroldparsons9727
Жыл бұрын
This was one of the more digestible episodes. It inspires me to write a song or something. Welcome and prepare to commune with the alter of the dollar! 🎉🎉
@freereinvoltaic
Жыл бұрын
I remember a textbook for an economics class I took saying that capitalism isn’t perfect, but it’s the best system we have. 😂
@afreaknamedallie1707
Жыл бұрын
I have seen that in several textbooks. It definitely reeks of gaslighting 😅
@Charlakin
Жыл бұрын
I remember seeing in my AP macro econ textbook, of a scenario of an immigrant Asian family in a renting market and how they'd definitely fare way better in a market without rent-control. It pretty much said that having a middleman (who happens to be white) rent out the space to them they'll both benefit because the landlord can upcharge at a profit and the Asian family will *gladly* accept since there's no other option, all the while the rent transactions is recorded into GDP and boosts economic growth. Whereas in the other outcome with rent control it basically says "oops because of the rent ceiling, the supply is constricted and they don't get housing at all".
@pablo.morello
Жыл бұрын
name a better -ism... please... :)
@joshv.1490
Жыл бұрын
It's the best system we have because proposing another system is how you get Uncle Sam to end you.
@Romogi
Жыл бұрын
@@pablo.morello Judaism. Make money and have capitalism, but G-d and human life are still more important than money.
@Frosty-yy7oq
Жыл бұрын
The neoliberal culture in Canada is no culture. If you ask me to describe the local culture, I might mention food, popular events... but that's it. There is no sense of community, no sense of collective responsibility, and there is no value in empathy. People here just... consume. We work to consume, and consume to forget about how much we hate work and how indebted we are. And if someone questions the holy word of capitalism and dares to suggest that "hey, maybe life isn't about money after all", that person is now labelled a "commie", "woke", "marxist", and using those labels is all that's needed to suddenly make other people reject his opinions. It's fucking weird, and I feel insane for being the only one in my friend group who thinks it's weird.
@Gaib_al_lisan
21 күн бұрын
Maybe you need to expand that friend group, or change it. If they suffer from what neolib has brought to them but can't acknowledge it, it sounds like brainwashing
@ernststravoblofeld
9 ай бұрын
Think about the paperclip optimizer thought experiment. Now replace paperclips with capital. Thank you. I'll be here all week.
@yt_Ajay_
Жыл бұрын
I have a lot of scathing words for whoever decided that I should be born in this incredibly stupid period in human history..
@curiodyssey3867
Жыл бұрын
Amen brother
@momchi98
Жыл бұрын
Honestly almost every single period in human history has been incredibly stupid. Our current problems are simply different from the past ones. The bullshit for me comes from the fact that alot of the time it feels like some of our problems are PURELY manmade and have no reason to exist. In the past before the scientific revolution medicine barely worked, now it makes wonders and yet we bound it to "making money for private interests" rather than "letting every tax payer fund it so it's affordable". That way diabetics especially in the USA are screwed over not because of scarcity or difficulty in making insulin, but by the ABSOLUTELY ATROCIOUS ideology of pricing it accordingly to what they will pay. OFCOURSE THEY WILL PAY A SHIT TON, THIS ISN'T A LUXURY CAR, IT'S THEIR LIFE. We treat toys and nonessentials the same way as commodities as we treat lifesaving medication cuz "Muh private interests and economy". Then they whine and complain people ain't having children yet want those babymakers to be poor. It's really stupid, I agree, but human life has always been stupid anyway. The future will definitely have stupid ass problems as well even if a select minority advances our understanding of medicine and science as a whole to unfathomable levels. Society cannot accept a state of satisfaction and a lack of problems, it will pull them out of its ass just for them to exist.
@rikmichaels9233
Жыл бұрын
BOOMERS
@missnoneofyourbusiness
Жыл бұрын
@@rikmichaels9233But for real. I thought about that seeing Prince Charles and Joe Biden walk together in the news. It's a world made for/by old people where few of them are participating but the rest of us have no choice but to survive their foolery.
@palljonsson4509
Жыл бұрын
You mean the safest, richest, most humanitarian period in the history of human civilization?
@BrutalSnuggles
Жыл бұрын
Really truly inflation boils down to one thing: greed.
@greyfox78569
Жыл бұрын
Actually it boils down to low taxes. The US got around this by foreign needs for US cash to make trades pulling money out of the US system.
@BrutalSnuggles
Жыл бұрын
@@greyfox78569 actually it actually actualizes the actual actualization of actual acts
@TheZombieButler
Жыл бұрын
All the fancy ways of describing inflation and its causes, don't pay my rent, fix my car or put food on the table. Greed yea that's pretty much it isn't it.
@andrewvincent9739
Жыл бұрын
Why are companies only greedy sometimes? And why are companies in Japan ok with disinflation but in the US their not?
@BrutalSnuggles
Жыл бұрын
@@andrewvincent9739 sure man, let me just answer all of economics rq. My comment as an Occam's razor style take, you can explain the rest as you see fit
@soggmeisterlasagnagarfield
Жыл бұрын
How do religions like Christianity and Islam survive a revolution? They have both survived the transition from slave society to precapitalism/feudalism and the transition from those to capitalism, and even they have survived the dictatorship of the proletariat. Can you do a video on the relationship between religion and the state within class society? Christianity has been both a part of the ideological state apparatus (thesis) as well as part of revolutionary movements against it (antithesis). So how is it that religion lives on? Sorry for bad grammar.
@lovestarlightgiver2402
Жыл бұрын
Religion can be used as a tool in different ways depending on the leader and the system that people live under. A slave master can claim that their god put them in charge to lead slaves in the correct direction. A king can claim the same about his paesants, and under capitalism, rich people can just tell the poor to follow them and they will be blessed with more and more money. As for why christianity and islam became the most popular, it's because european empires chose christianity to use for control, and Arab kings chose islam and killed many who wouldn't obey the rules made in the name of their religions.
@Bernard-fo2qo
Жыл бұрын
Non-intervention in the market is still intervention. A choice to do nothing is still a choice. A policy to do nothing, to non-intervene, is still an interference or an action, in the market. All forms of regulation or non-regulation are still a form of regulating the market. No rules of capitalism guides capitalism just as much as rules guide capitalism. Putting your hands on the steering wheel of the car, or taking your hands off, is still a choice of guidance, or interference, in the market. You can interfere to keep the car on the road, or interfere to let the car drive off the road, it's your choice of how you want to interfere.
@ryanmilone5044
Жыл бұрын
Great video, I’d recommend reading The Big Con by Mariana Mazzucato, it has a section about neoliberalism but it’s main focus is the structural ways in which “market brain” has infiltrated the public sector via the consulting industry.
@MyCamilla1989
Жыл бұрын
Mazzucato is an amazing scholar and such an inspirational human being.
@craven5328
Жыл бұрын
I just bought it! Can't wait to dig in!
@joshy-noha
Жыл бұрын
This reminds me of the video game Cruelty Squad. A satirical game where the world has gone full hypercapitalist in the future and even death lost its meaning. The people worship the market and the economy as gods and it has its own creation myth about the universe as capitalist as it can get. This video was truly great, hopefully people start waking up soon, one video at a time, small revolutions!
@ComptonsMostWanted
Жыл бұрын
Wisecrack staff has outdone themselves on this one. The connection between the two is intriguing. This is one of those videos that I will constantly come back to 4 months or years.
@WisecrackEDU
Жыл бұрын
Thank you so much, means a lot.
@trevordavies5486
Жыл бұрын
Me too.
@mathieuleader8601
Жыл бұрын
its strange to think that Ron started off as a New Deal Democrat but even more strange to think that Reagan's UN Ambassador Jill Kirkpatrick started off as a Socialist.
@falconeshield
Жыл бұрын
All Facists, NeoLibs and 'centrists' were failed Socialists. They either sold out for money or simply didn't fit in. Intellectually, monetarily, power wise, take your pick.
@johnsimmons6637
Жыл бұрын
Wow. Never heard that bout Kirkpatrick. That's interesting
@thagomizer4711
Жыл бұрын
We really did create the God of Fear and Hunger. Great game that digs into some of the “despair spurs progress” philosophy you need toon towards the end.
@Kentman513
Жыл бұрын
Wisecrack is Calvinist? How'd you know we already earned it!?
@shybard
Жыл бұрын
First you do a capitalism. Then you do another capitalism. Pretty soon, capitalism is all you can do.
@yourfriendlyinternetmeatshield
Жыл бұрын
"That's the fun part:" "always was"
@ctomsky
Жыл бұрын
God is dead, and you can invest in this new limited edition commemorative NFT to own a piece of God forever.
@castroski7
Жыл бұрын
Hey Wisecrack congratulations on the latest videos, there's been a long streak of excellently well written thoughtful videos. I've learned so much !!!!
@johnbarker5009
Жыл бұрын
One of the biggest issues with neoliberalism is also an indication of its status as a secular religion. To its advocates, neoliberalism is just "Economics." By treating neoliberalism as something immutable, it simultaneously discredits every other branch of Economics and implies that it can no more be debated than one can debate that water makes things wet.
@T-money1221
Жыл бұрын
Gosh, love you for making this video. Wisecrack....thank you! Thank you so much for bringing a bit of light to the people.
@colinmorrison166
Жыл бұрын
What did Mark Fisher mean by Capitalist Realism? Well, the video about neoliberal theology includes an ad for the company that brings the gig economy to mental health care.
@charliebotzman6423
Жыл бұрын
I love this! The video was so thoughtful and informative! I wonder if Wisecrack would be at all interested in making more forward-thinking videos as well, potentially featuring concepts like “what happens in post-revolutionary societies?” or “what makes for effective change?”
@WisecrackEDU
Жыл бұрын
We want to make some things like this just figuring out how to do it, but we do talk about topics like that more often on our stream Wisecrack Live if you ever wanna check that out.
@hellNo116
Жыл бұрын
I love this channel. every video for the last couple of months have been banger after banger!!!
@Rampala
Жыл бұрын
I'm getting tired of saying this, but BETTERHELP SELLS YOUR HEALTH DATA. Not to mention their history of abusing their own therapists.
@Southas
Жыл бұрын
oh the irony
@Secret_Takodachi
Жыл бұрын
yup, I'm getting tired of seeing these ads especially considering wisecrack is the kind of channel that will inevitably make a video detailing how remote therapy has been ruining therapy. Like cool. It's a shame you had to work with a bad actor like them for so long before you "realized" it
@mikemelone7756
Жыл бұрын
This video was horrible. Instead of identifying the problems of “laissez faire” economic (which there are a lot of them) and offering better alternatives, he compares a system of economy (capitalism) to a religion?! It seems like the sole purpose of this video was to polarize and inflame the viewer, not educate. From watching this video, it seems like he has a bigger problem with the “distribution of wealth” as opposed to capitalism itself. I’m disappointed in that I wanted to see what some of the problems with neoliberalism and all I got was some BS pseudo religious comparison. I know what a religion is and what the purpose of it is. Scientology is not a religion either but at least that is closer to one than what he was shoveling. Redefining well established terms to support your argument does not help. It only makes things worse. This guy is now actually part of the problem because he is muddying up the waters making harder to see the actual problems and finding actual solutions. Sounds very similar to propaganda.
@dxvxd._jlj290
Жыл бұрын
I was looking for this comment, i agree with you 100%, i stand behind the anticapitalist trend aswell, but this didnt help me understand neoliberlism much rather it vilified capitalism
@DarkSlayerCT
Жыл бұрын
As a chilean, the neoliberalization of the economy hit us hard. Even though we grew very quickly, the society as a whole is very individual and very selfish. We don't have livable pensions, many elderly work until they die, and the median of the income is about 600 USD/month (average 2300 USD/month). Also the economic model is in shambles, with low growth, low taxes and high tax evation from the wealthiest
@crazyeight9
Жыл бұрын
lol it hit you hard moron. You became the wealthiest country in South America. You were the great success story. And now because you still haven't learned your lesson you're going to try socialism again and destroy the country.
@alwynwatson6119
Жыл бұрын
Neoliberal economies don’t exist.
@FearlessSon
Жыл бұрын
I've long since tried to stop thinking in frames of "X is a religion" and more frames "X is a memeplex," where X can _include_ religion. Largely because I find western conceptions of religion pretty narrow, and the idea of a memeplex is a lot more flexible. A memeplex is a collection of interrelated ideas that reinforce each other and perpetuate across people. So religions are memeplexes, as are various ideologies, as are fandoms for that matter. It also helps to stop getting bogged down in some pretty pointless petty semantic arguments.
@lysanamcmillan7972
Жыл бұрын
Love that word. Yes, very useful.
@newfelo
Жыл бұрын
As a chilean I am ashamed that towns or cities cannot own public services, they have to be outsourced through a private. The Public company that is in charge of Santiago's Metro cannot own land nor rent shops, it has to be done through a private as a franchise. We're still under the rule of Pinochet's system and the freedom to choose is a lie for 90% of the people.
@tomfawkes9357
Жыл бұрын
Once again you leave me philosophically fullfilled and spiritually burying my head in my hands. Bravo!
@rodylermglez
Жыл бұрын
Really love how some people just invoke the "you keep saying that word, it's overused, it's meaningless now" card, or the "I'm feeling offended, you are offending me, that word is a slur, it should be banned" card when you call their bullshit. And how often said people are fascists, totalitarian, neoliberal or bigoted! They can't defend their actions from a dictionary.
@Loctorak
Жыл бұрын
Thats why they always use the same tired old arguments- its literally the only "weapon" they have... the weapon of unwavering ignorance
@alexeyman7301
Жыл бұрын
I would probably say that the Neoliberals "Bible" is "Econ 101" although, ive never read it or been able to find it....but they sure do seem to claim that book answers every damned thing
@sociolocomtsac
Жыл бұрын
Economics isn't some big bad wolf. It's simply the study of choices and trade-offs in a world with limited resources. e.g. A lawyer has 8 hrs a day. The Llwyer shouldn't do simple tasks because he can outsource that to a paralegal, and spend that time doing $500/hr work and maximize output and income for both people. You would probably demonize biology, as a subject, because we all die.🤦♀
@deepseadarew6012
Жыл бұрын
@@sociolocomtsac You missed the joke.
@lukeh2556
Жыл бұрын
This reminds me a lot of my time backpacking in Australia, as I think large of part of the appeal and joy of that life was the way myself and other backpackers would seek out, find and enjoy temporary repreives from the cult of capitalism
@pattybaselines
Жыл бұрын
Nothing about that situation is antithetical to capitalism
@lukeh2556
Жыл бұрын
@pcruserable I don't think it really mattered if it was antithetical to capitalism or just felt as much
@abelabel3664
Жыл бұрын
Superb video :) The levels of belief required to continue saying "it is the best we've got" are insane
@silentortoise3627
Жыл бұрын
ITs interesting, i noticed a lot of rampant guilt from people i met who were from hyper neoliberal centers like the bay area that I went to college with. It made my relationships with them hard because i came from a very christian cultured family based around forgiveness. you couldn't criticize them, because without forgiveness any criticism was enteral and kinda condemning.
@toyotaprius79
Жыл бұрын
When we're only valued for our economic worth and northing of our human worth.
@riztiz
Жыл бұрын
Which is why they call us "human resources" or "human capital"
@ACCPhil
Жыл бұрын
That hit the spot. If you think of the Reagan/Thatcher era as when this started as an orthodoxy, you can also see where things started getting worse for ordinary people. The comparison with a religion is apt - following the edicts with no real thought without examining whether it is helpful.
@crazyeight9
Жыл бұрын
nah reagan and thatcher were pretty great leaders. The economy boomed here in america. The Soviet Union collapsed. Pretty great
@olamsoevik
Жыл бұрын
How come Thatcherism coincided with the end of colonialism? It's not like the pre-thatcher UK didn't have market mechanisms. Thatcher was elected because the UK was in an economic crisis. It's also unfair to group Thatcher and Reagan together. Although they're both neoliberal, their economic policies had some key differences.
@MrTaxiRob
Жыл бұрын
Cue the PragerU ad telling us the exact opposite
@MrTaxiRob
Жыл бұрын
@@crazyeight9the economy boomed? I must have missed that. Oh wait, you mean the stock market, right? Except for the multiple crashes, of course. GFY.
@MrTaxiRob
Жыл бұрын
@@olamsoevikdid it though? You missed the part where neoliberal economic systems necessarily dictate neocolonial economic practices.
@DevilOfRoses
Жыл бұрын
As a geek, this is making me want to run all fantasy game setting merchant deities as lawful evil. :-P
@vespersolutions5138
5 ай бұрын
Econ major here. Basically, following the establishment of the Bretton Woods institution in 1944, the Dollar was made the global reserve currency, valued at 35$ to an ounce of Gold. Following which, the US government printed more and more currency to fund the vietnam war, resulting in the dollar losing its value against gold. Ultimately, switzerland, germany and france refused to trade in their currency for dollars and instead demanded to be paid in Gold. At the beginning of the 1970's Nixon ended the conversion of dollars to gold and instead made the dollar a 'free-floating' currency, in which the value of the dollar would be determined on the basis of its exchange value in the market. This was subsequently labelled the Nixon shock. Followingly, the OPEC crisis made the US polity realise that oil is the new gold, and whoever controls the supply and price of oil, controls global finance. Thus, the US partnered up with OPEC and has since influenced global prices by controlling the supply of oil (This explains why Biden was asking the Saudi Crown prince to increase oil production as a way to counter inflation in the US). Anyhow, the ethos of Neoliberalism is basically reducing government intervention in markets as much as possible. However, in practice, Neoliberalism worsens every aspect of economic life. It allows free reign to monopolies, heavily taxes the poor, not the rich (As an example the so called carbon tax, recently debated in Canada, was inflicted upon everyday working people in the form of a fuel tax which would raise commodity prices, as opposed to large industry conglomorates who actually cause climate change). Furthermore, when the rich and ruling elite's wealth hoarding and rent seeking practices distort the economy to such an extent that a market crash happens, the government prints out more money, taxes the poor more and more in order to bail out their rich friends who caused the whole mess in the first place (The 2007-8 US Housing market crisis is the perfect example for this, there's a movie which explains the whole story somewhat faithfully called 'The Big Short'). In short, Neoliberalism is a curse dreamt up by the likes of Von Hayek, Milton Friedman, Paul Volcker and Ronald Reagan. I would suggest everyone to listen to Dr Michael Hudson on this or check out his works, he as an exentsive portfolio of detailed and systematic studies on the economics of today. Cheerio
@ramonchix
Жыл бұрын
Chilean here, the chicago boys neoliberalism become a short economic boom, but in 1982 the economic deregulations show is ugly face, unemployment go up to 26,1% and 31,3% 1983 and keep high for many years. The neofacis regime create the PEM and POJH, a state "job" subsidy. Thousend of unemployed men got paid for sweaping the streets (my dad including) for a few bucks. Short versión: the chicago boys tried neofacism + anarcho capitalism and shit hit the fan for many, many years.
@daemoneko
Жыл бұрын
"spoiler alert, you've already earned it" 😭😭😭😭 Thanks Michael, kind words and a gentle smile to ease my stressful friday so far
@chanzki97
Жыл бұрын
Damn, this is the first video in the channel that gave me anxiety. Heck, this might be the first piece of media that ever gave me anxiety. It's a good thing to know but now, how the hell do I quit neoliberalism?
@shaun7142
Жыл бұрын
That kind of anxiety is not normal, and you should talk to someone about that. However, the problem with this video is that nothing it's describing is noteworthy. For example, the idea of society sacrificing the individual for the good of society is not limited to the Aztecs or capitalism. It is a part of every system. The idea of a system that is nothing but benefits is idealistic at best, and downright moronic at worst. All systems require give and take. If you don't like what you are giving, then work towards adjusting the system, or replacing it. That's the answer.
@chanzki97
Жыл бұрын
You don't understand, I realized I'm the individual on the brink of sacrifice. With my age and condition is absurd to think I'm going to adjust the whole system.
@shaun7142
Жыл бұрын
@@chanzki97 If you feel that way, that's even more of a reason to talk to someone. And individual expecting to change a system on their own is on a fool's errand.
@jerodwolf5582
Жыл бұрын
It has always baffled me regarding the extensive systems made to make infinitely more money. When I think of money, it's just exchanging things for things. I suppose I'm someone where I get sick of having so much shit and I usually just use money for food and paying for rent - I can read books or watch videos and be good
@johnbarker5009
9 ай бұрын
Great video, and absolutely correct. Sociology recognizes religious fervor applied to secular things, and neoliberalism fully institutionalizes that.
@toppersundquist
Жыл бұрын
Project Cybersyn: *literally turning a country's social and economic fortunes around* CIA: "OH NO YOU FUCKING DON'T!"
@Jebbtube
Жыл бұрын
Alternate title: How Ayn Rand Screwed Everyone Over
@Haiphong778
Жыл бұрын
I had an old buddy who immigrated to Canada from Chile, he's passed away now but he was old and he told me stories from that time in the 1970's. I can't know for sure how true they were, but they were so violent I dare not repeat them on the internet. If I recall, it was around one September 11th as folks like myself were posting on Facebook our remembrances that he told me about "Our 9/11." I hadn't even known before then.
@AnitaFixx77
10 ай бұрын
The stories were true. My mom's partner was tortured...you can sense his PTSD just talking to him about the past in Chile.
@jolenmartinez3540
Жыл бұрын
There is a crucial problem with this video in its unexamined use of the concept "religion." I find it interesting that the video says "culture," and yet the video does not talk about culture, but instead uses it as a stand-in for the problematic term "religion." I would recommend reading anthropologist Talal Asad's "Formations of the Secular," to better understand how "religion" became a concept in the context of early modern Christian Europe in a movement towards secularization and colonization. The term only makes sense in comparison to supposedly secular (state-oriented) life. Asad, who cites several of Walter Benjamin's essays, shows how the formation of liberalism coincided with the secularization of late medieval Christian Europe. If we are to understand the ways that today's neoliberal market upholds values, we cannot separate it from its history, which saw the collapse of the authority of the Church and ultimately the overdetermination of European values into colonial growth (the original marketplace). I would recommend also interrogating your use of "religion," when you really just mean "Western Christianity." Despite a brief mention of Ramadan and Yom Kippur, the bulk of your comparison is between Christian rituals, and neoliberal market rituals. But what makes these two so conducive to comparison? Asad would argue that their shared genealogy makes this comparison possible. However, it is wholly unfair to lump in other traditions like Islam into a very Christian-centric analysis. In Islam, for example, "Diin" means "way of life," and there is not translation for the secular term "religion." If this video did a true cultural analysis, it would find these important distinctions. All of this is to say that neoliberalism is legible to *Christian* ritual due to the West's history of secularity and colonial expansion. Excluding this level of analysis undermines any cultural examination of neoliberalism.
@Sp00nz4hire
Жыл бұрын
Hey Michael, would you do an analysis of the Chomsky v Foucault debate. Give their main points and disagreements as well as your opinion on their arguments/conclusions.
@nomoregunsinthevalley
Жыл бұрын
This is why we must ALWAYS, I say again ALWAYS come back to DFW’s “this is water”. This is all we know, this is all that we understand because we have no basis of real life comparison, but we thankfully have the ability to read texts describing the past via the internet so it has much better access AND we can travel much easier than in the past and also compare our experience and government to another country’s. It allows us to see the water, to see the substance that colors our experience. This is water. This is water. This is water.
@nomoregunsinthevalley
Жыл бұрын
Also Jesus Christ this video is so depressing, wow. Thank you for it but holy crap it’s such a effing downer
@RobertAdamant
Жыл бұрын
Money is the greatest indication of poverty. To have it requires a relationship of withholding and acts as a perfect measure for just how much you believe you do not have.
@lephtovermeet
Жыл бұрын
Ever since your video on the 15th season of South Park it's like you've given a name to a thing I've felt to be deeply true for at least a decade now: Neoliberalism. I used to just call it stupid fake liberal yuppie BS. But Neoliberalism is a bit more professional sounding and has more academic research exploring and supporting it. Thank you so much.
@gwalach12
Жыл бұрын
Hello, a Brazilian talking about their experience here. During the 4-year government of former President Jair Bolsonaro, one of the main pillars for his election was precisely the implementation of neoliberal ideas in the economy, which was in recession after left-wing governments. It's impossible not to relate to the issue of human sacrifices to the God of Capitalism, with Brazilian businessmen asserting that the market couldn't stop (and go into lockdown) for 10 or 15 thousand deaths. 3 years later, 700 thousand deaths were caused by the inefficiency of the government and a complete disregard for human dignity by Brazilian businessmen, even as I myself worked in-person throughout the entire pandemic.
@ViscosAtlantic
Жыл бұрын
If neoliberalism & greed is expanding online, why not make Blu-Ray, CD & VHS 📼 philosophy content? Wisecrack?
@RobertKing-e5i
Жыл бұрын
Wow: now I know how Scientology works as well! Excellent video, Michael.
@blortmeister
Жыл бұрын
May I recommend "The Mushroom at the End of the World: on the possibility of life in capitalist ruins" by Anna Lowenhaupt Tsing. A tough and absorbing read for academics, those interested in food culture, those interested in supply chains, workers of many sorts, and just schmucks like me. It's the world through matsutake mushrooms.. Oh, and "The Dawn of Everything" if you want to understand human possibility.
@MrTaxiRob
Жыл бұрын
The "economic shocks" of the 70s were just bad monetary policy from central banks compounded by entropy and backslapping. It was an incredibly stable system, to a fault.
@kylezo
Жыл бұрын
This video is so damn good. having said that, I fail to see how this is distinct and separate from simply being about "capitalism". If you replaced the words, the piece becomes more clear and more compelling. It would have been nice if you didn't exclude unequal exchange and extraction of wealth through the exploitation of so-called "periphery" "third world" "global south" populations as the source of the little prosperity "the west" experiences thanks to capitalism, you kind of just said "yea capitalism has brought a lot of great prosperity and wealth, you just have to drive for doordash now!" when the takeaway really should be that the cost of that prosperity is the murder and exploitation of millions of people in the periphery, even up to the eradication of indigenous cultures and civilizations to serve the unending hunger of capitalism. that being said, I'm glad you at least mentioned the CIA's military overthrow of chile's democratically elected leftist government and installation of handpicked far right fascists in order to institute neoliberal policy
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