The Rich Have You BRAINWASHED - Capitalism Is A Zero-Sum Game, They WIN, YOU LOSE
The Rich Have You BRAINWASHED - Capitalism Is A Zero-Sum Game, They WIN, YOU LOSE
April 25, 2024
Professor Sam Vaknin
I misspoke at 25:30. I meant to say the RICH, not the poor.
The elites - especially the rich - want you to believe that capitalism is not a zero sum game. This is the false hope that fuels the American dream.
The fact is that social mobility is lower in the USA than it is in socialist industrialized countries such as Scandinavia, France, and Germany.
Most wealth in the West is not made - but is inherited (Piketty). Ironically, new fortunes are generated in quasi-capitalistic places like China, Russia, and Vietnam or India.
Economy not zero sum game (growth pie all around, for consumers and producers), but capitalism is. Marx was right about this (and only this).
Like Communism, Fascism, or Socialism, Capitalism is a method to allocate resources, means of production, and surplus. Capitalism uses the price signal in a free market (as opposed to central planning).
Proof that is zero sum: taking from the rich to give to the poor (taxation as progressive distributive justice) and taking from the poor to give back to the rich (regressive inflation, taxation, and asset bubbles).
But why, in an environment of growth is the game zero sum? Because of scarcity. The rich cannot reinvest all their income and so it is taken out of circulation to the poor (though it is still available to the businesses of the rich via the banking system). Another reason: depletion of natural resources.
These shortages are camouflaged by fiat money, debt, and the symbolic economy. But these are Ponzi schemes and they crumble periodically in cycles of boom and bust.
Find and Buy MOST of my BOOKS and eBOOKS in my Amazon Store: https://www.amazon.com/stores/page/60F8EC8A-5812-4007-9F2C-DFA02EA713B3
Subscribe: https://www.youtube.com/@samvaknin
Original: https://youtu.be/OSh6oVycuUs
=
Sam Vaknin has a PhD in Physics (not a clinician). Former Visiting Professor of Psychology, Southern Federal University, Rostov-on-Don, Russia. Faculty member, CIAPS (UK, Canada, Nigeria). Former economic advisor to governments, multinationals. Founder Healthcare Committee, Macedonia. Columnist, editor.
Narcissist or Psychopath in your life? Subject to abuse, heartbreak, dysfunctional relationships, violence, intimidation, stalking, or harassment? This is the channel for you: insider info, evidence-based tips, and time-tested advice. Based on the bible of narcissism: "Malignant Self-love: Narcissism Revisited" by Sam Vaknin (now in its 10th edition.)
Resume/bio: http://www.narcissistic-abuse.com/cv.html
Tik-Tok: https://www.tiktok.com/@narcissismwithvaknin?lang=en
Twitter: http://www.twitter.com/samvaknin
Amazon Store: https://www.amazon.com/stores/page/60F8EC8A-5812-4007-9F2C-DFA02EA713B3
-
43:39
Alex Saz Show
1 year agoGlobalist vs People! Who is Winning?
83 -
1:01:15
The Rubin Report
1 year agoWorld Economic Forum Head Lays Out His Creepy Utopia, Point by Point | Direct Message | Rubin Report
32.4K3 -
4:26
American Thought Leaders
2 years agoCurt Jaimungal: How Capitalism Saved Early America | CLIP | American Thought Leaders
4353 -
5:40
American Thought Leaders
2 years agoJohn Mackey on Conscious Capitalism: Serving a Higher Purpose Than Maximizing Profits | CLIP
4664 -
13:29
Dr. Joe Ligato
9 months agoWoke Capitalism Exposed: How Companies Profit from Virtue Signaling
24 -
45:43
majorityreport
9 months agoBastards Of Neoliberals & Crackup Capitalism | Quinn Slobodian | TMR
71 -
18:48
Always Right, Never Wrong
1 year agoThe Unhoused Utopia and Other Commie Gobbledygook
94 -
9:43
Rethinking the Dollar
6 months agoControligarchs: Exposing the Billionaires, Secret Deals, & the Globalist Plots to Dominate Your Life
4485 -
12:06
TheDrNasirShaikhShow
6 months agoChallenge Assumptions: Is Capitalism or Socialism the Key to America's Future - Ana & Tomi DEBATE
22 -
4:37
Lowkey Fish 🐠
3 years ago $0.02 earnedThe Downfall of Capitalism – Jeff Bezos Gains $24 Billion After 1 Month Lockdown | Peak Capitalism
2911