yego.me
💡 Stop wasting time. Read Youtube instead of watch. Download Chrome Extension

Why & How Capitalism Needs to Be Reformed


2m read
·Nov 8, 2024

I see populism as people rising up to reject their leadership. Now, it's a bad thing. Yes, that they're not willing to accept the results. I agree with your definition. I agree with your definition.

And then also at the same time that that's happening, they'll win at all cost. They won't compromise. They will win. They will fight for that side and win. Okay, fair enough, and that's not good.

But I mean, I guess my question is why don't you have more criticism for our elites who are running all these institutions and making these decisions? I do, I mean, it depends what you're—I wrote a piece about four years ago which says why and how capitalism needs to be reformed.

And I believe that on these issues of equal opportunity and all that, we've got a big structural problem. And that, everything needs to be reformed. I'm not against capitalism, but it needs to be reformed.

Part of the big problem, just analytically, mechanically, is that it's the profit system alone that does not direct resources adequately. Let's say if we take climate, for example, there are terrible costs that come from climate—it's not built into the system.

Education, look at the gaps in education. The structural system means that the central government can, that state government controls education. Then you get to the town, and at the town level, it's the town that controls the education—how much they pay.

And so then you create wealth gaps, with rich people being able to take care of their kids in a way that other people can't take care of their kids. And that creates an opportunity gap. That's a structural problem that has to be taken on, fully looked at, reformed—and we, in order to pull this thing off, we have to do it together.

Okay, we cannot do it with one side fighting the other side and with irreconcilable differences.

More Articles

View All
Overview of early Judaism part 1 | World History | Khan Academy
What I’m going to do in this video is give a very high level history of some of the significant events in Judaism. I will use the word history loosely because historians aren’t able to really find a lot of evidence for some of what I’m going to talk about…
The Next Atomic Bomb Is Made of DNA #kurzgesagt #shorts
The next atomic bomb is made of DNA, and it’s as affordable as a new car. In recent years, genetic data has become more available, knowledge more widespread, and lab resources less expensive. Bioengineering had previously been restricted to well-funded la…
Safari Live - Day 312 | National Geographic
This program features live coverage of an African safari and may include animal kills and carcasses. Viewer discretion is advised. Good afternoon everybody! Welcome once again to the Sunset Safari here in Duma in the Sabi Sands, South Africa, where it is…
Alan Watts and the Illusion of Time
When I started this YouTube channel, I became fixated on the day it would succeed. I stopped going out with friends and spent almost every waking moment working towards and dreaming about the future. When I did manage to go out with friends, I spent all m…
Comparative roles of women in Rome and Han China | World History | Khan Academy
I’m here with Iman L. Sheikh, Khan Academy’s World History fellow, and the question I have, Iman, is: history often focuses on men, but clearly women were playing a significant role. How much can we know about women, say, 2,000 years ago? When we talk ab…
15 Strategies to Improve Your Problem Solving Skills
Problem solving skills are essential in all aspects of life. From tackling everyday challenges to making critical decisions at your job, the ability to analyze problems, devise effective solutions, and implement them efficiently is a valuable skill that c…