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180,262 Views • Oct 11, 2024 • Click to toggle off description
Views : 180,262
Genre: Education
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Uploaded At Oct 11, 2024 ^^
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RYD date created : 2025-02-15T18:39:47.451007Z
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283 Comments
Top Comments of this video!! :3
60 years ago we started creating labor saving devices so we have more leisure. That has not happened. Instead we may have created a class of leisure folks, the uber wealthy and uber poor.
105 |
Most free market conservatives have never actually read Adam Smith. He would be rolling in his grave at the world economy.
41 |
The landlord class are the problem. If we allow the rich to buy housing as assets then ordinary people will be priced out of the market.
6 |
Even more, most economists agree that Henry George's solutions would work and are better for the economy. Even laissez-faire post child Milton Friedman accepted the need for Land Value Taxes to prevent rent-seeking.
9 |
Even then, a lot of consumption is becoming rentseeking as well, monthly subscriptions with nothing to show for it at the end, leased or financed cars and phones. Payday loans as a credit card
88 |
Adam Smith's "free market" meant free from rents (from extractive, predatory behavior)
Not free to cheat, commit fraud, and crush competition through monopoly.
It boggles the mind that so many don't know this. The profiteers certainly do.
21 |
Big up Henry George for venturing a response to rent seeking
15 |
The more you deregulate capitalism, the more rent-seeking will dominate. Unfortunately the rent-seekers now own politicians and the media, so the course is set.
22 |
...we can't even rent a small apartment anymore. It's big owners for a few and ever-worsening poverty for the rest of us. No more room or money to get art supplies.
60 |
good point, if we are going to move on to the stars and evolve we will have to remove the parts like exploitation and extractive behavior, so that people can focus on improving our quality and quantity of life.
111 |
Millions of people wake up everyday looking to game the system. They're thinking "how can I reduce my accountability and increase my compensation". On the population level, that mentality will have the outcomes we see today.
2 |
Besides Henry George; Lloyd George & Winston Churchill successfully won the argument for a People’s Budget and introduced Land Value Taxation, albeit the Tories dismantled it at the first opportunity!
70 |
Lots of the world has figured it out or had it in the past. Housing can not be an investment if owning a home or renting is cheap the discretionary income much higher. Nationalized housing needs to be built each year to keep up with growth or some other measure taken to insure enough low and mid income property is brought to market so housing is flat or rising with inflation.
5 |
Rent seekers seeing property as investment has driven up the cost of housing so that even those wanting to own their own home have been affected by the rental market.
5 |
I was just talking to my commerce teacher yesterday about Geoism or Georgism. Really important problem in my opinion that keeps getting kicked down the road via innovations in land development and land accessibility.
23 |
Yet workers are continually told they have to be more productive - it’s a shell game
12 |
You will own nothing, but pay for all of it.
15 |
Rent seeking isn't just the natural logic of capitalism, it's the eternal desire to gain as much of the agreeable with as little of the disagreeable. Makng the people who provide goods and services have to pay you so you can afford goods and services without having to do said labor is the instinctive ideal.
1 |
Well said ❤
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@AndrewWilsonStooshie
2 months ago
"Extractive"
Great, concise word for what is happening.
189 |