You Are Witnessing the Death of American Capitalism

Go to https://ground.news/benn to combat rampant misinformation online. See through bias and compare multiple perspectives. Sign up through my link to get 40% off for unlimited access on the Vantage plan. Proceeds for this sponsorship will go to UNICEF Ukraine.

Edit: I get it, we don't like sponsors. Let me clear some things up:

A. Like I said, it's a fundraiser for UNICEF Ukraine. I'm not personally gaining any money. I don't even personally gain money from this channel as it's a nonprofit and my salary is $0.

B. This video isn't *anti-capitalism", and Ground News is transparent about their methodology (which is vetted by 3rd parties). It's not a comparable business model to news aggregators that charge you in personal information. It's also funded by subscribers, not private equity or a VC scaling model. YouTube advertising is a good fit for them.

C. We're not getting paid any more or less if you sign up. It's a CPM deal. If it doesn't jive with you, then move on to the next video (that's why it's at the end, not mid-video). If you want to support this channel specifically, Patreon is there. It should be noted that I brought this fundraiser/sponsor up with the community before accepting it

Finally, this puts me in a rough spot. I normally don't work with sponsors for the many reasons and grievances outlined in the comments here, but pulling this will cancel a whole lot of aid to people who desperately need it. I've had plenty of fundraisers and none of them perform anywhere near as well as me working with a sponsor.

I'll weigh all of this before considering working with a video sponsor again.

Techno feudalism

How can you tell if your favourite youtuber watched the big short? Don't worry they'll tell you

Benn, thanks for that video, me watching that from TOR though invidious randomized account that doesn't display ads and as for currency monero and local P2P echanges of services 🙂 let's talk on SimpleX whenever you want with your GrapheneOS & Mudi V2 blue merle patched device 😉 (or via meshtastics if we can link ourselfs) (if google doesn't flag this, it's gold)

This guy throws a lot of information at you, I won't try to debate any one point because he made so many, and I think that is my point. He wandered all over the place dropping scary facts but leaving out a lot of needed context. Now I'm not necessarily saying he's wrong, or the facts are wrong, he's allowed his opinion and his facts for what I could see seemed well researched and nothing glaringly wrong. What I will say is what he omitted that could counterbalance the negative critique on our economy. I won't pretend to say our economy is fine, it never was "fine" and never will be fine and there are some points he makes I agree with. However, the economy is always going to have its ups and downs, but along the way we somehow keep improving the standard of living even if it doesn't feel like it. I'll leave it at that.

I would argue we have been drifting faster and faster away from capitalism for 113 years; ever since The Federal Reserve Act and ratification fo the 16th amendment the same year – enacted by a known communist simp, Woodrow Wilson.

Soviet Russia sent 8.7 million soldiers into the meat grinder by the end of WWII. That was orders of magnitude more deaths than any other country involved. That's more soldiers than all other countries involved COMBINED if you exclude Germany. The Soviets also lost about 10-12 million civilians during WWII.. again orders of magnitude more people than any other country combined. Stalin himself ordered that civilians NOT evacuate from cities like Leningrad because he believed it would make the soldiers fight harder. Probably true to an extent.. but utterly barbaric, as if war wasn't already a tragedy. Communism under Mao resulted in 40 million people dying mostly by starvation due to the "great leap forward". Before the war, Soviet Russia strategically eliminated, again through starvation, millions of people in Ukraine during the Holodomor; mostly due to their Christian faith, because Christianity is a direct threat to regimes that require religious allegiance to the state. And of course under Stalin about 20 million more civilians were killed by their government following WWII.

I bring all this up to say, it does not matter what pollical or economic system is chosen – if what you seek to find is tragedy, greed, unfairness, murder, and atrocities, you'll find it all in all of them, but to varying degrees. Human beings are inherently evil, our flesh is in opposition to the things of God, even those of us who are Christians fall short of his Glory. All systems fail worse when they ignore or seek to stamp out the presence of God. People seem to fantasize about communism in a way that utterly ignores our human nature and ignores what happens when you give fallible people absolute control. Capitalism for capitalism sake; replaces God as well, but with wealth and growth; the Godless right is just as much a threat as the Godless left.

Both of these systems have corruption in them; one of them produced more freedom for individual persons than any other known to history, and the other has sent entire generations of people by the tens of millions into the meat grinder for "the greater good". Does this mean I think we are in a good state? No, not at all. But I think its disingenuous to point at Capitalism itself as the reason for all of this happening, when the trap for this current economic problem was set 113 years ago to become a bank controlled oligarchy not to mention we endured a temporary kingship under another communist simp FDR who help lay more bricks for our failure. I think the only thing they didn't anticipate was that truly bringing us down would take another 70 years or more. Its a testament to our founding principles and our spirit, because every other nation undergoing direct assault and infiltration has fallen much quicker.

The moment that ben mentioned that in order to even be seen in today's society you basically have to be a content creator… ☠️😱
What have we done?

A musician… with the superpower of ADHD.

Come on baby let's eat the rich

12:15 Not JUST $700 billion, the federal reserve gave over $7.77 in Aug 2007 and nobody knew till SCOTUS made it public knowledge bc of Bloomberg's article around Nov 2011

Are you getting paid by this site,,,,isn't that capitalism??

with how much great stuff there’s here: hiw does a ground news advert fit in?

I have long felt that Elmer Fudd did the best job of explaining the stock market and how it should work.
This seems to be the best explanation of how we got away from that ideal and who benefits from the divergence.
It also explains why the actions of the systems driving all of this no longer make any sense.

5:43 NY Fed chair Benj. Strong made a highly liquid market in margin loans that underwrote the 'Roaring 20s.' Likewise the agricultural subsidies during WWI had made the land speculation of 1918-20 blow up early in that decade. Most of the unjust drivers of wealth inequality require government coercion to override market balancing forces. They only succeed at that for a while because markets always outthink bureaocracies.

Okay, now spend 43 minutes on how to fight this get our own money back, and find some magical place in the world where we don't get fleeced so involuntarily, and intentionally by the market and tech bros

Well 1 year later corporate is still sucking the planet dry

We are at end and seems our powers have rest world same or coming with. The predictions keep becoming more and more % unemployed and sooner with how fast ai robotics and industrial already engineer ai designed for robotics doing all tasks. Seeing 1st huge layoffs in tech being no longer need internet based humans for development the ai systems can make in day what used to be year from coder

I am now 10 months on from watching this video. I am fortunate enough to be ata phase of my life where I could survive a crash in the economy. I hope this all collapses and people realise they’re being fucked. It’s a distant hope, but oh well.

My mortgage has been sold six times. I’ve only had it around a year.

LoL CaPitaLisM hahahahaha that died in 1913 folks….

Hi Benn! I wrote this today and want to springboard it off you. I don't expect a response, but I think it's a thought worth considering.

"One of my programmer friends suggested that even the engineers who work on algorithms don't know how they work. If this is true, they need to be made open source. People should fight for it. Tools like these need to be communised. That does not mean "forfeit all your future profits from this creation" – it means "put it in the hands of everyone." For all our sakes. Faster innovation and a healthier social landscape is the natural result of the unshackling of knowledge.

It almost feels as if the corporations that don't want this are so afraid to die that they're afraid to adapt – to open source their creations and do something else instead; something more. Right now most of them seem to just take their shot and then die trying to play the same game for years, when the game is constantly changing. I would gladly pay taxes for the conversion of things like algorithms and other forms of software into open source services. Capital will be freed up for future R&D and we would get better & more trusted, well-maintained services. Such services are like mitochondria. Like Mastodon and Fluxer.

In some ways it feels like the 'organs' of human society currently have a choke point on their blood supply, preventing evolution at the scale necessary to avoid apocalypse. The current system does not have the safeguards in place to avoid incentizing companies setting astronomically high targets for the sake of having power they fail to use to make society actually better.

They just use it to kill people."

The more I learn about the financial market the more I am convinced comunism is the way.

I miss having a cd/dvd collection, these streaming services drive me nuts. Businesses pay to advertise, customers pay extra to not see the ads lol, they get paid twice on ads! I own way fewer things now than I did 20 years ago.