Lex Fridman discusses the challenges of operating a business in Africa, where regulations and taxes make it difficult to make a profit. He also discusses the importance of conscious capitalism, which is designed to create a level playing field for all businesses.
In this video, Lex Fridman discusses how capitalism and communism are two possible futures for humanity, and how the current business environment in the United States makes it difficult for small businesses to thrive. He also points out that poor people are "bonsai people" if given the proper environment and resources.
In Magatte Wade's video, he discusses how he came to the conclusion that capitalism and communism are not the only viable systems for future human existence. He also discusses the issue of wasted human potential, and how it relates to capitalism and communism. Wade eventually comes to the conclusion that it has to do with the place from which a person is coming, rather than the person themselves.
In this video, economist Richard Wolff discusses how capitalism can be seen as being either good or bad, depending on how it benefits or harms the majority of people. He goes on to say that a more humane and just system could have been achieved through technological innovation, but that this wasn't the case due to the greed of a few.
In this video, Richard Wolff discusses how capitalism creates a natural tendency for companies to become monopolies, which eventually leads to exploitation of workers. He also argues that competition does not always result in the destruction of businesses, and that some businesses, such as Tesla, are able to prosper despite competition.
The video discusses the issue of capitalism and its contradictory nature. It argues that, while capitalism is consistent with certain human qualities, it is ultimately a contradiction to these same qualities, leading to the majority of people in the corporate sector experiencing wage hikes and turnover.
In the early days of Marx's writing, he focused on critiquing capitalism. However, later in his life, he and other producers of an anti-capitalist movement shifted their focus to another question: how to do better than capitalism.
Richard Wolff discusses the origins of economics, which he believes to be rooted in capitalism. He goes on to discuss how economists often use abstractions to try and understand the real world, but points out that this is not always possible. Wolff then touches on how markets destroy community and social cohesion, and how this is why both Plato and Aristotle were against them.
Richard Wolff discusses how Karl Marx's theory of exploitation explains how a majority of people in a society produce more than they consume, and how this creates a surplus which is often taken advantage of by those in power. He also points out that, because the translation of the German word "m-e-h-r" into "surplus" was incorrect, this theory has often been misinterpreted.
In this video, Richard Wolff discusses the importance of the state in capitalist society and how it has changed over the years. He also discusses the fear many people have of talking about Marxism in public, as it can damage their careers.
In this video, Richard Wolff discusses Marxism and Communism and the idea of seizing the government to get rid of capitalism. There is a big debate among Marxists about how to do this, with some advocating for revolution while others believe reformism is the way to go. The focus on the state goes beyond what the debaters at the time thought, and has since been greatly influenced by the Russian Revolution.
Richard Wolff discusses the fundamental unfairness of markets, and how they can lead to inequality and even death. He argues that we can solve these problems by implementing more regulated systems, such as those used by professors in universities.
Richard Wolff discusses the idea of democracy in the workplace and the contradiction between how democracy is practiced in this society and how it is supposed to be practiced. He argues that this arrangement is the most undemocratic arrangement possible and suggests that we should think about democracy in a different way, as a value nearly everyone subscribes to.
Michael Malice discusses the concept of totalitarianism and anarchy, and how they differ. He argues that, in the worst case scenario, government could take away all private enterprise, similar to what happened in the Soviet Union. However, he also believes that good government can provide opportunities for companies to outcompete one another, which would help to improve the quality of life for the people. He also notes that the United States has a government that is modeled after private enterprise, albeit with some flaws.
Tyler Cowen discusses the pros and cons of capitalism in America. He argues that while capitalism has led to some negative outcomes, such as racial oppression and a lack of community support, it has also been a force for good by promoting innovation and opportunity.
Tyler Cowen is an economist and he is discussing communism and why it doesn't work. He says that it is a flawed system because it doesn't allow for normal profit and loss incentives. He also says that it requires an ever-increasing pile of lies that alienates people and creates an elite that doesn't believe in the system.
In this podcast, economist Robin Hanson discusses the idea of markets and how they can be used to solve many of the world's problems. He also talks about the rationality of disagreement and how it can lead to political failures. Finally, he talks about the importance of exploring new ideas and proposals to find the best possible solution for humanity.
Joscha Bach discusses the nature of reality, dreams, and consciousness, and how capitalism is the present solution to the system. Bach also discusses the dynamics of capitalism, how it is prone to crisis, and how it systematically misallocates resources. Bach says that, as a father, he falls in love with his children and is wired in the default natural way, which makes it easier to deal with them.
Stephen Kotkin discusses the history of socialist ideas, and the rift between those who accept capitalism and want to regulate it versus those who think capitalism is inherently evil and if eliminated, will get to a better world. Kotkin points to examples from American and European history to make his point.
Michael Malice discusses the idea of a government monopoly, which is argued to be bad at everything it does. He also discusses the idea of objective law, and how it doesn't necessarily exist in practice. Finally, he discusses the idea of anarchism and how it would be a system without government, which is a state of anarchy.
Sheldon Solomon argues that capitalism can have negative consequences, and that the implementation of a socialist system would be more difficult than many people think. He also comments on the current controversy over whether or not Marx was a good thinker.
Sheldon Solomon discusses the idea that we are both selfish and cooperative, and how this affects our understanding of what political and economic institutions would be best suited to maximize individual autonomy while also engaging our more cooperative and reciprocal tendencies. He points to the current world as being in disagreement with prominent thinkers such as Stephen Pinker, who maintain that the world is getting better and that all we need to do is keep making and buying things. Solomon argues that the world is facing a potential catastrophic collapse in multiple directions, and that the economic pain that people are going through is a sign that things could get worse.
Jason Calacanis discusses how different types of people can succeed in business, citing examples of people in China and America who have achieved great success despite sacrificing their personal lives. He discusses the importance of capitalism and how it can create an environment where people are willing to sacrifice for the greater good.
Jason Calacanis discusses the importance of entrepreneurship, the current state of capitalism, and the threat of China co-opting capitalism. He says that society needs to support young entrepreneurs and give them a chance to succeed.
Jason Calacanis discusses the pros and cons of capitalism and startups. He notes that while some hedge funds may have broken ranks and shorted the stock, the average person is still in control and can still make wise financial decisions. He predicts that, although the system may be chaotic, it will eventually work out in the long run.
Steve Keen argues that the current capitalist system is unsustainable and that Marxism could be a more successful model. He also discusses the value of life and the need for humans to live in harmony with the biosphere.
This transcript excerpt from a YouTube video by Steve Keen explains how his ideas on economics developed, from his early beliefs in mainstream economics to his later criticism of mainstream economics. Keen argues that, in Marx's view, labour is the only source of value, and that the focus on human beings in capitalism results in a tension between the foreground and background aspects of society.
In this video, Steve Keen discusses Marx's vision of a socialist utopia, in which capitalism must be exhaustively explored before reaching a utopia in which everyone has the same standard of living. He also talks about how scarcity under capitalism is actually determined by non-reproducible products, and how capitalism will eventually be forced to compromise with the environment in order to sustain itself.
In this video, Steve Keen discusses Marx's theory of capitalism and how it differs from the neoclassical model. He points out that, in a capitalist economy, commodities have two different values-exchange value and use value-which are determined by their cost of production. Profit comes from the difference between these two values.
In this video, Steve Keen discusses how Marxism views the unity of humans and commodities in a capitalist economy. He also discusses the neoclassical theory, which states that the price of a commodity is determined by the marginal utility and marginal cost of that commodity. Keen points out that this theory is outdated, as it is based on a previous, pre-capitalist society. Instead, in a capitalist society, the price of a commodity is determined by its use value (its utility for humans) and its exchange value (its price on the market).
In this video, economist Steve Keen discusses the differences between capitalism and socialism, and how they result in different types of dictatorships. He also touches on the effects of central economic control on societies.
Steve Keen discusses the labor theory of value, which is a theory developed by Karl Marx that states that the value of a commodity is based on the amount of labor that has gone into producing it. Marx also argued that machines can also bring value to the world, and that the value of a machine is based on the amount of labor that has gone into producing it.
Steve Keen discusses how Marx's ideas on use value and exchange value can be applied to machines, and how this led to his analysis of capitalism. He also discusses his failed master's thesis on the same topic, and how he met Jeff Fishburn, who helped him understand Marx's work better.
Steve Keen discusses how capitalism and Marxism are related to economics, and how a career in economics is not advisable. He recommends learning system dynamics and then applying it to economics if that's what interests you.
Steve Keen explains how capitalism and Marxism both have their own negative feedback loops that can lead to a collapse. He suggests that the government run a deficit to maintain a mixed fiat credit economy and reduce the effects on the poor.
Steve Keen discusses Marxism, capitalism, and economics with Lex Fridman. Keen stresses the importance of grasping things at their root, citing Karl Marx as an example. Keen thanks listeners for supporting his podcast and encourages them to check out the sponsors.
In this video, two conservative Israeli and German statesmen, Yaron Brook and Yoram Hazony, discuss the dangers of industrialization and the need for social programs to help those who are being hurt by it. Marx's theory of class exploitation is used to explain why these programs are necessary. Brook and Hazony argue that socialism is a continuation of Christian thinking, and that replacing God with the proletariat is a mistake.
Saifedean Ammous discusses his perspective on Bitcoin, Anarchy, and Austrian Economics. He shares that his understanding of economics is weak, but that his perspective on the potential of Bitcoin and other blockchain-based technologies is still open-minded. He also discusses his criticism of governance mechanisms, and argues that a proof-of-stake system is not inherently more decentralized than a proof-of-work system.
Saifedean Ammous discusses the role of money in human life, discussing how money facilitates trade, lowers time preference, and leads to a more prosperous society. He also discusses the effects of fiat money on our world and how it has led to an increased disparity between the wealthy and the poor.
Saifedean Ammous discusses how the Austrian school of economics places a high importance on the free market and the role of individuals in decision making. He notes that while the Austrian perspective is different from that of physics, it is still a valid way of understanding the world. He argues that, philosophically speaking, coercion is unethical, and that free markets are the best mechanism for achieving economic prosperity.
Effective altruism is a philosophy that advocates using one's time and money to do as much good as possible in the world. Some criticism of effective altruism comes from the left, who argue that the movement is not focused enough on dismantling capitalism, while others criticize the movement for its lack of political engagement. William MacAskill discusses this criticism and how he thinks about it.
In this podcast interview, Silvio Micali discusses his views on cryptocurrency, blockchain technology, and decentralization. He argues that decentralization is important for creating resilient systems, and that blockchain technology provides a way to decentralize governance. He also discusses the role of leaders in propagating the vision of a project.
Niall Ferguson discusses the history of money, power, war, and truth in this video. He argues that there is a problem in the United States because people in Washington want to intervene and disrupt the process of evolution that is happening with payments technology. Ferguson also believes that bitcoin has a strong chance to take over the world, but it must first overcome some challenges.
Ray Dalio explains how empires rise and fall, and how capitalism is key to their success. Over time, empires become more expensive and their currency becomes more valuable, creating opportunity gaps and debt. Eventually, a new country comes along that is more successful, and the empire crumbles.