I cannot get the content of the video to download. The rich are stupid and do not understand how Capitalism is supposed to work. Capital is made by taking the profit made by work and investing it so it can be reinvested. This includes paying the workers as much as you can. This is so they can afford to purchase the things that are made by the companies that are producing them.
This is not happening. The riches are not being reinvested, they are being held off shore in accounts. This means there are people who are not working producing what could be made and sold. So unemployment goes up, productivity goes down and we have a problem.
Keep this going for a time and there is a great problem. But during this profit is still being made and the wages are kept as low as possible so the purchase power does down.
Take the manufacturing off shore, so profits can be increased and we have a situation where if we are lucky, the workers in America get the job of developing how to do something profitable and the job is given to a foreign country.
Leadership assures itself that money can be made by lending it and living off the profit. This works for a short time, but the value of returning this money to the economy goes to zero. Loaning money and putting it into the economy it returns about 1.5% where when labor accounts for the same profit during the 1960's it was about $1.67. So it used to be that one dollar spent by the government returned 167% it no returns $0.015. Not sustainable. There is nothing that is allowing growth to take place, so the economy fails.
If one does not really know what they are doing then the problem keeps growing and the costs increase. People need help and so there are safety nets. So if you want to really make sure the economy fails, cut off all help to individuals, so they can buy nothing and then wonder why the economy shrinks. Give tax breaks to the wealthy, the only ones who can afford it, and put the debt onto the workers, who are decreasing in the ability to produce. Now call them lazy and worthless, we get the present situation.
The system is fucked as it is not sustainable and we are now proving it every day. The interest rate for the fed is lower than 1%. The leaders have no real idea of economics and so they suffer the ignorance of any solution and the stupidity of not doing their homework.
Education, which is the main way of making this work dictates that the average person has to not be educated for critical thinking, not taught how to think, logic, or any other thing that can be used to question the system. Unfortunately, many have no choice to learn any thing useful for anything other than becoming a cog in the machine of stupidity. They are taught not to vote in their own interests as this would be socialistic, or even worse communistic.
These terms come to be used for any effort which will improve the normal persons position. Socialism becomes the main form for any rich person, they have the money and the tax breaks to survive and gain during this time. The normal person has none of these advantages and so has to rely on meager earnings to attempt to hold the same position. The harder the normal person works the more they get in debt. The cost of running this system in this way is laid on the heads of the normal person, who can no longer afford to pay for it. The rich get the advantages paid by the normal person.
So now to come back to Earth, how do we solve this problem?
The French during their revolution cut of the heads of the rich. This led to the problem we have today as the people who thought the King and Queen should have been left in charge became the Conservatives who's legacy now controls this country. We have to get past this choice. I have no idea how? Thoughts?