Capitalism, Gross Inequality, Poverty, Social Inequality, Social Justice, Sustainable Economy, The Elite 1%, The Wealth Gap, Unemployment
TED curator Chris Anderson seemed most concerned that “business managers and entrepreneurs would feel insulted” by some remarks about income inequality.
We’ve long heard complaints that TED is elitist. The annual conference in California costs $7,500 to attend and is nearly impossible to get into, even for those who can afford the price tag; it is widely considered to be “unofficially invite-only.”
Still, you’d be hard pressed to find someone who hasn’t gone down a TED video rabbit hole at least once. Snobby as they may be, those TED folks sure know how to pull together some fascinating speakers and share their talks online in a compelling way. [Continues at website…]
Yeah the wealthy create jobs… for the slave-wage labor in China and Mexico.
Yeah the wealthy create jobs… for the army of lobbyists who secure the elite’s interests by buying the politicians.
Yeah the wealthy create jobs… for the army of Security State goons who lock up the debt-ridden and unemployed former members of the now defunct Middle Class.
Kiersten Marek said:
Reblogged this on Kmareka.com and commented:
This is a compelling video, and the background on TED and it’s also interesting how the conference seems to be somewhat disowning this speaker.
He elucidates very well the flaws of capitalism.
A couple Noteworthy quotes from his speech:
“Anyone who’s ever run a business knows that hiring more people is a capitalist’s course of last resort, something we do only when increasing customer demand requires it. In this sense, calling ourselves job creators isn’t just inaccurate, it’s disingenuous.”
“If it were true that lower tax rates and more wealth for the wealthy would lead to more job creation, then today we would be drowning in jobs. And yet unemployment and under-employment is at record highs.”
The elitist belief that the rich deserve favored treatment by virtue of their social status is what leads to this phony argument of the rich being job creators and ignoring the reality that our economy is in shambles and the poverty rate is increasing while the wealth gap widens. We are turning into a nation of oligarchs and serfs.
Here is the transcript of his speech.