Barry's Economics: How power really wins (and what we can do about it).

[jmbar2]

Barry is a brilliant, young radical economist in Britain who posts regularly on YouTube. He grew up working-class poor, and because he was a math genius, ended up becoming a millionaire stock trader. Now he is one of the leading intellectuals discussing inequality and what we can do about it.

Highly recommended for his debunking of conventional economic beliefs and strategies.

Here is a short, (6 min) post about how to oppose their power. he argues forcefully for a wealth tax, and dissects arguments against it in many of his videos.

[bucolic_frolic]

1. The pattern of capital accumulation is repetitive

The rich become so greedy that they want it all, then the political and economic structure must be toppled. It's happened many times in the last 500 years. We tend to label them Nazis, but they were just the latest incarnation that we had to deal with, and they were an exploitative system of plunder for the rich. But so were the Tsars, the various Royal Houses of Europe that were overthrown in the 1800s in many countries, and so was Napoleon I, and King Louis XVI, and the wars of English succession. Power and money. Yes, taxing the wealthy solves it, but try getting it going and permanent. We have failed, the great USA has failed.