Dive into a critical examination of the American economic system, questioning whether a "free market" truly exists. This discussion asserts that our economy is more accurately described as "rigged" or an oligarchy, far removed from classical capitalist ideals.
Uncover the persistent drive towards monopolization throughout US history, from the era of the Rockefellers and Carnegies to the powerful corporations dominating industries today. Learn how government subsidies and political influence further entrench these monopolies, creating an illusion of choice in the marketplace.
Subscribe to the BrightVideos.com email newsletter to receive a daily digest of the most important and popular videos uploaded each day. (You can unsubscribe at any time.)
Transcript
Now, in, in you mentioned in your introduction in part one of uh some, some communist teachings and whenever I talk to Americans about communism, they say, well, communism doesn't work. We have free markets. And then I have to laugh at them. We don't have free markets. We have rigged markets. And there's has never been a better example of the rigging of markets than what we have right now. Even our president, I think is rigging markets with his, his tweets uh causing, you know, uh commodity prices to go up or down, or oil prices to go up or down. Can you talk to us about what are the problems with our so-called free market economy? It's really more of an oligarchy, or how would you describe it? Certainly, I think that we we I think that the capitalist system as we have it now, you're right that this is not a full free market. Uh and it really never has been. Uh but there has been always a tendency towards monopolization. It was a it was a problem in the earlier part of American history, especially after the Civil War period where you had the big ...
