The Free Brazil Movement (Movimento Brasil Livre) was instrumental in the impeachment of President Dilma Rousseff. Students for Liberty (Estudantes Pela Liberdade) is larger in Brazil than in any other country. Can Brazil’s surging libertarian movement defeat the left and save the country?
Written, shot, edited, and narrated by Jim Epstein. Post production help from Ian Keyser. Translation services provided by Matheus Pacini and Vanan Services.
Fantastic Dim Bar by Kevin MacLeod is licensed under a Creative Commons Attribution license; Ghost Processional by Kevin MacLeod is licensed under a Creative Commons Attribution license; Ignosi by Kevin MacLeod is licensed under a Creative Commons Attribution license; Over Time by Audionautix is licensed under a Creative Commons Attribution license; Industrial Music Box by Kevin MacLeod is licensed under a Creative Commons Attribution license; “After The Week I’ve Had” by Dexter Britain (http://www.dexterbritain.com) Creative Commons. Read the rest of this entry »
A prominent liberal economist contends capitalism will inevitably increase inequality.
‘Karl Marx wasn’t wrong, just early. Pretty much. Sorry, capitalism. #inequalityforevah”
James Pethokoukis writes: When trying to condense a sweeping, 700-page analysis of the past, present, and possible future of capitalism into an 85-character tweet, you’re bound to miss a few things. But the above Twitter-fication of economist Thomas Piketty’s much-awaited Capital in the Twenty-First Century captures the gist of the author’s argument.
“Piketty, a left-wing Frenchman who teaches at the Paris School of Economics, is hardly the only economist arguing inequality is headed inexorably higher…”
Piketty thinks the German progenitor of Communism basically got it right. It’s only that his essential insight — private capital accumulation inevitably leads to the concentration of wealth into ever-fewer hands — took a hiatus during the middle part of the last century thanks to depression and war hurting the fortunes of the well-to-do. But now Marxism’s fundamental truth is reasserting itself with a vengeance, a reality borne out in both Piketty’s own meticulously gathered data and in business pages replete with stories of skyrocketing wealth for the 0.001 percent and decades of flat wages for everyone else.
“John Maynard Keynes and Friedrich Hayek famously squared off in the 1930s, Left versus Right. But when Keynes published his revolutionary General Theory in 1936, Hayek went silent….Who will make the intellectual case for economic freedom today?”
And it’s only going to get worse, Piketty concludes. Sure, the productive and innovative capacity of market capitalism will generate enough income growth for the masses to prevent revolution. He concedes Marx got that bit of apocalypticism wrong. But an “endless inegalitarian spiral” will create such wealth bifurcation that “the meritocratic values on which democratic societies are based” will be undermined. The political process will be hopelessly captured by a tiny elite of rent seekers and trust-fund kids. America (and then the other advanced economies) will become what Occupy Wall Street types and Elizabeth Warren think it already is.
“Cognitive dissonance or not, Das Kapital has so thoroughly permeated our understanding of capitalism that we’re seldom even aware that we are citing it. It’s become a kind of cultural white noise – always present, but rarely acknowledged.”
Considering that The Onion is post-college humor, it’s not surprising in the least, as universities inoculate students with Marxist dogma. It’s as natural to typical college students as term papers, speech codes, censorship, conformist ‘protests’ (of approved targets) spring break customs, cheating on tests, screwing, drinking beer, and nearly worthless degrees that lead to low-paying jobs and moving back in with their parents. The New Republic‘s admiring, fawning, pro-communist praise of the Onion is, for better or worse, fairly accurate.
William Bigelow writes:
Noting pieces such as “Man Briefly Forgets Hotel Staff Are Not Human” as a reminder of “capitalist commodification not just of goods, but of humans’ subjective agency in the form of labor,” “Laid Off Man Finally Achieves Perfect Work-Life Balance” as espousing “the contention that capitalism alienates the proletariat from their species-consciousness by making them participants without control in the economic relations of their culture,” “Majority of Office’s Supplies Used to Apply for Different Job” as a “clear indictment of false consciousness, arising inexorably from bourgeois dogma as it perverts our very understanding of fulfillment, family, and success…”