Tip: click a paragraph to jump to the exact moment in the video. The Rich Have You BRAINWASHED: Capitalism is a Zero-sum Game, They WIN, YOU LOSE

1. 00:02 to my great surprise my lecture in Euro College in North Macedonia went viral or at least mini viral it was a surprise because it’s a very complex lecture involves history cultural studies economics and so on so forth not your typical viral material no
2. 00:25 cats jumping off very hot roofs and no babes peeling bananas suggestively unfortunately for you and of course immediately there was a tsunami an avalanche of comments arrogant comments from brain dead viewers or brainwashed viewers and very frequently
3. 00:53 both today I would like to clarify two points that I’ve made in my lecture in Euro colge and set the record straight also possibly open up your mind to reality and the facts I don’t know which planet you’re coming from it’s not mine okay first of all who am I to talk
4. 01:16 about economics am I not a professor of psychology what do I know about economics well here’s a surprise for you I’ve spent the first 30 years of my adult life in the field of business finance and economics I’ve been a businessman I’ve been a stock broker
5. 01:32 I’ve been a venture capitalist I’ve been an entrepreneur and for well over 30 years I served as economic advisor to eight governments big very big small on three continents I have written 300 papers and articles in various economic fields and I’ve published six books on economics
6. 02:00 I think I’m mildly qualified to discuss economics okay one point before we go to the main issue Donald Trump I said in the lecture that poor people voted for Donald Trump and immediately all the Trump cult members started to attack me that it’s not true uh poor people voted
7. 02:22 for Hillary Clinton well here are the facts 40% of people with income under $50,000 and also with income under $30,000 in both these demographic groups that’s 40% that’s almost half voted for Donald Trump so many of these people are defined as poor they’re under the
8. 02:48 poverty line and yet 40% of them voted for Donald Trump came as a major shock to the Democratic party by the 70% 70% that 70% of people without a college degree people who have graduated high school or not even that uh voted for Donald Trump a majority of blue color working class
9. 03:14 whites voted for Donald Trump these are the facts Donald Trump swept the Slate mainly with uneducated underpaid Blue Collar work while technically and clinically not poor they are still not exactly the aristocracy and they’re definitely not educated in addition to that 40% of
10. 03:44 people with very low incomes annual incomes have voted for him so I don’t feel that I’ve misled you in any major way now let’s get to the main main point the main argument that many of you have made is that cap ism is not a zero sum game let me explain what is a zero sum
11. 04:04 game a zero sum game is when let me see that I’m still recording yeah yeah a zero sum game is when my gain is your loss if I make $10 you lose $10 your $10 enter my pocket never to reemerge that’s a zero sum game win lose lose win no one can win without someone else losing no
12. 04:29 no one can lose without someone else winning that’s a zero sum game now the elites especially rich people want you to believe want you to believe that capitalism is not a zero sum gain they want you to believe that everyone in capitalism can win
13. 04:50 simultaneously and this is the false hope that fuels the much tarnished and totally delusional and counterfactual American Dream the truth is that capitalism is definitely a zero sum gain as I will explain in a minute the truth is that the rich are getting richer and the poor
14. 05:11 are getting poorer relatively speaking because it’s a zero SU game now they don’t want you to believe this they’re brainwashing you they want to give you false hope because they are terrified of social unrest Rebellion French revolutions Russian revolutions and Revolutions in
15. 05:31 general the fact is that social mobility in the United States of America is lower than it is in most in all socialist industrialized countries such as the countries of Scandinavia such as France such as Germany such as Canada what is social Mobility social Mobility is when
16. 05:57 you make more money than your parents social Mobility is when you end up with more wealth than your parents social Mobility is when you are more educated than your parents social Mobility is when you end up on a higher rung in the social ladder than your parents in
17. 06:14 America this is nearly impossible the figures the numbers the statistics the studies are clear cut unequivocal unambiguous indisputable non-debatable people in America remain stuck in the same social economic stratum in the same social economic level they were born
18. 06:39 into if you’re born into a poor family in vast majority of cases you will end up your life poor or even poor R than your parents if you’re born into a rich family obviously you will end up rich end of story no amount of education and hard work will get you anywhere that’s
19. 06:58 why student loans such a problem nothing it’s nonsense it’s an illusion it’s a delusion it’s a lie it’s a fabrication and a deception of the elites who are trying to mislead you trying to keep you tranquil and quiet trying to avoid your wrath because if you were to see the
20. 07:16 true picture you would storm all the bastions of the elites and demolish them and their inhabitant and they don’t want that they want you immersed in in a fantasy a matrix type reality they keep feeding you through their tubes all these inan delusions and hallucinations I
21. 07:40 repeat studies all studies there’s not a single exception inside the United States and outside the United States show conclusively that your chance to move up in life in the United States is the lowest among industrialized countries period and that includes countries whose
22. 08:03 system is basically socialist and so there’s no American Dream it’s an American hallucination not a dream and this sits well with the assumption that capitalism is a zero sum game because had capitalism not been a zero sum game social Mobility would have
23. 08:24 been higher in countries which are more capitalistic had had capitalism not been a zero sum game you would have expected to see people progressing moving up in life much more in capitalist countries than in socialist countries but that’s not the case that’s not the
24. 08:49 case when the country is purely capitalistic or highly capitalistic or more capitalistic people’s positions are are fixed for life they can’t move up there’s no redistribution of wealth there’s no division of accumulated profits and so on the rich take it all
25. 09:12 the rich take it all read my lips the rich take it all the statistics are
26. 09:21 breathtaking the upper 1% control more wealth than the lower 67% this is my income inequality is mindboggling is mindboggling it’s never been worse since the 1920s at least so most wealth in the west is not made it is inherited that is the work of tomati the French demographer an
27. 09:54 economist whose books revolutionize our perception of wealth wealth accumulation and income inequality the vast majority of rich people have inherited their wealth they haven’t made it and that includes people like Donald Trump they haven’t they
28. 10:10 haven’t made this wealth they inherited it ironically new fortunes are generated in pseudo capitalistic and quasi capitalistic places like China Russia Vietnam India and even in the west places like Sweden and Germany and France which are in Italy which essentially
29. 10:32 socialist countries not capitalistic now as I said the brain dead and the brainwash would tell you that capitalism is not a zero sum game and the reason is that they’re confusing confusing the economy with capitalism capitalism is not the economy
30. 10:55 and the economy of a country or a city or a family is not capitalism economy is one thing capitalism is another thing the economy is not a zero sum game because economies tend to grow as the economy grows the pie available for division and
31. 11:21 distribution grows so there’s a bigger pie there’s a bigger pie all around there’s a bigger pie for consumers there’s a bigger pip for producers so it is true that economies not not all economies even non- capitalistic economies economies are not zero some games because
32. 11:46 technology mainly allows us to increase the pie all the time there are two types of Technologies Manufacturing Technologies that includes agriculture cultural Technologies and Industrial Technologies and so on and technologies that have to do with the manipulation of symbols
33. 12:06 Finance is such a technology social media internet is such a technology both these types of Technology increase production and increase products then the amount the quantity and availability and accessibility of products to Consumers so there is this impression of a growing
34. 12:29 environment environment of growth that everything is much more everything is better everything is and and this is largely actually true that is not a delusion the p is growing for consumers and for producers but while the economy is not a zero sum game capitalism is a
35. 12:49 zero sum game and I will explain to you the difference in a minute Marx the famous Marx was right about this possibly only about this but was right about this now what is capitalism capitalism is like communism capitalism is like fascism corporate
36. 13:10 corporatism capitalism is like socialism it’s a method it’s a methodology it’s a system it’s a mechanism it’s a method to allocate resources a mechanism to allocate the means of production and surpluses created in the system it’s just an accounting system it’s a way to
37. 13:34 allocate elements in the economic system if there are profits how to allocate them if there are means of production how to allocate them if there’s a surplus generated in agriculture or industry what to do with it uh products various products various Goods various
38. 13:51 Services capitalism is a prescription an algorithm for Distributing goods and services end of story money is one of these goods and services in a variety of forms capital gains wealth you name it it’s a distrib capitalism is a recipe an algorithm for
39. 14:15 distribution and allocation end of story it’s not the economy it’s not the economy it’s not even the driving force of economy it’s a postf factor allocation mechanism now of of course the allocation mechanism generates psychological motivation motivation to work to produce
40. 14:37 and so on so knowing the allocation algorithm motivates you to invest to work to produce to profit to become prosperous so capitalism has a psychological Dimension like communism like socialism and so on they all have psychological Dimensions any human
41. 14:58 activity has a psychological Dimension but capitalism is not about motivating people to work capitalism is not about the economy capitalism is not about any specific good or service capitalism has nothing to do with reality capitalism is just an instruction on how to allocate
42. 15:18 resources it uses the price signal in free markets that’s the way capitalism allocates resources it prices them it assigns to them a price and this price in a free market motivates people to transact one way or another this is a mechanism unique to capitalism as
43. 15:43 opposed for example to Central planning in communism and to some extent in socialism so this is what capitalism is and because capitalism is not the economy because capitalism is can is incapable of growing an algorithm cannot grow a principle of allocation cannot grow a
44. 16:08 methodology cannot grow there’s no growth in capitalism this is nonsense because it can it’s not the economy capitalism does produce a zero sum game the economy is not zero some the economy is growing but capitalism is Distributing this growth in a way that
45. 16:34 produces a zero sum gate capitalism distributes this growth only to the rich all the wealth goes only to the rich this is the core of capitalism capitalism is the belief that is a Protestant system it’s a belief that if you are rich you’ve been blessed and
46. 16:59 chosen by God and so you deserve you’re entitled capitalism codifies this belief and so while the economy is growing all the time only the 1% only the richest of the rich benefit from it and this is what I mean when I say zero sum game zero sum game is when a select group of
47. 17:24 people benefits while all the others don’t and they don’t because ultimately everything is limited ultimately all resources even when the pie is growing it’s not growing infinitely and capitalism make sure that the allocation is skewed that the poor are discriminated
48. 17:45 against that the rich benefit inordinately extraordinarily I can prove easily to you that capitalism is a zero sum game if it’s not a zero sum game why do we take from the rich and give to the poor this is called taxation if you need to take from one
49. 18:05 group and give to another that’s proof of a zero sum game of a limited
50. 18:14 system it’s taxation a progressive distributive justice system but why is it needed at all because the rich have taken it have taken everything and we need to use violence aggression threats of prison time to take their money from them and give it
51. 18:36 to the poor we need to do that and it’s called taxation taxation is a violent act it’s an act of aggression another proof why do we take from the poor and give to the rich inflation this is known as inflation inflation is regressive it punishes the poor and rewards the rich
52. 18:56 it’s a form of indirect or hidden taxation it also leads to asset bubbles which also benefit the PO the rich and tax the poor inflation is a tax on the poor because it reduces their power of of uh their purchasing power it makes the dollars or the yens or the whatever in their
53. 19:19 pockets less valuable prices go up prices go up in inflation and the poor are taxed in this sense it’s like paying a tax their purchasing power is diminished the same way it is diminished when you pay a tax on the other hand inflation is good for the rich because rich people owe
54. 19:41 money they’re leverage they have debt and inflation makes the repayment of this Deb much cheaper the dollars you pay your debt with your debt with later are much less valuable than the dollars you have received when you took the credit so rich people benefit from
55. 19:59 inflation poor people are harmed it’s a transfer of wealth from the poor to the rich similarly taxation is a transfer of wealth from the rich to the poor why do we need these transmission mechanisms why do we need all these transfers if indeed capitalism is not a zero sum game
56. 20:16 ever growing and everyone is benefiting why do we need to use violence why do we need to threaten the rich with prison sentences why do we need to impose a tax on the po pretending that it’s not a tax lying to them deceiving them because the system is like that it’s unfair
57. 20:37 capitalism is unfair constitutionally it’s unfair because it inevitably leads to two outcomes income inequality and boom bust Cycles it’s built into capitalism we do all these things that taxation inflation so because the environment of growth is unevenly distributed unevenly
58. 21:06 unevenly allocated the rich benefit disproportionately the poor don’t how can we reconcile the two why in an environment of growth is this the game zero some why do why are the rich so rapacious the pie is growing why not give some to the poor
59. 21:29 why do they want to take it all over to take all the pie and leave nothing to the poor that is the situation make no mistake about it during the pandemic billionaires made billions and billions of people were impoverished fact why are rich people so dis empathic
60. 21:48 by the way studies in Psychology have shown that rich people are dis empathic they lack empathy why are they so dis empathic to the point of provoking civil unrest Rebellion a danger to themselves because of scarcity the rich cannot reinvest all
61. 22:07 their income so this income that the rich cannot reinvest this income this wealth that lies in Bank vaults and it’s taken out of circulation and the poor cannot benefit from it you could consider rich people as kind of parasites or leeches they take
62. 22:29 the uh the blood life out of the body they they make a lot of money they invest a small part of it or a big part of it doesn’t matter and the rest they hoard they keep in Bank safes and Bank vaults in deposit accounts in and this money is dead is not active does not
63. 22:52 participate in economic activity has no velocity as we say in economics the reach siphon off money from the money supply thereby endangering the entire economy deactivating enormous resources hoarding them collecting them hiding them concealing them refusing to pay
64. 23:17 taxes on them and so on so forth they’re taken out of the economic system this process is known as demonetization the rich demonetized the economy they make it much less liquid because they take out of circulation huge parts of their wealth and so the
65. 23:37 poor are exposed to a demonetized non-liquid environment where wages cannot be increased um products cannot be bought huge debt personal debt cannot be repaid now it is true that rich people’s deposits are are available through the banking system to businesses in the form
66. 24:02 of credits so the deposits of the rich Finance credits to businesses but this is an optical illusion who owns these businesses the rich so the rich give in one hand and take it immediately in the other with the other the banking system is owned by
67. 24:19 the rich it’s all a rich people’s game the poor has no say no participation no vote no nothing and so this is the first reason why capitalism is a zero sum game because the poor take huge dollops of cash out of the system they’re unable or unwilling to
68. 24:44 reinvested in productive economic activities and benefit the poor there is no trickle down effect it’s a rigan era myth it’s nonsense it’s been disproven in countless count countless economic studies when the rich get richer the poor get poorer they never get richer it’s not
69. 25:07 true that a rich person uh kind of benefits the poor by creating new jobs and so this is nonsense this is a myth it’s not substantiated this is known as a trickle down Theory it’s nonsensical it’s part of the discredited School of monetarism
70. 25:24 basically so that’s the first reason the poor suck the lifeblood out of the economic system make it um make it ex ex sanguinate make it make it bleed make it um El liquid demonetize it the second reason for scarcity is of course the depletion of Natural
71. 25:48 Resources we think that growing economy a growing economy is a good thing but we tend to ignore the price we pay in terms of natural resources air quality Rivers Seas soil erosion deforestation you name it these costs are hidden because they are not reflected in financial
72. 26:13 statements but they’re real so even the growth of the pie even the growth of economies is an illusion who is paying the price of environmental depletion the poor of of course the poor pay the price the rich living gated communities isolated from the pollution
73. 26:39 and the degradation and the depletion of economic of Natural Resources the poor pay the price so capitalism is a zero sum gain also because the growth economic growth has a hidden cost paid by the poor scarcity is a real thing is a real thing
74. 27:03 pretending that we can extract more from the soil via the Agricultural Revolution without paying a long-term price is delusional it’s mentally ill so we live on a on a finite Planet everything is finite and so everything is scarce and people are competing for these scarce
75. 27:29 resources optically optically economies seem to grow but someone is paying the price down the line and that someone is bound to be a poor person not a rich one so all in all the system is rigged to benefit the poor the rich and the expense of the poor to benefit the rich
76. 27:49 and the expense of the poor to benefit the rich at the expense of the poor thick skulls did it get through this is not what is known as Zero Sum game I’m sorry to break the news to you I’m also a mathematician so game theory is topic that I’m well acquainted with now these
77. 28:14 shortages depletion of Natural Resources uh demonetization of the economy by The Rage uh and so so for these shortages these hidden scarcities are camouflaged they’re camouflaged that dis guys by for example Fiat money when things go bad central banks
78. 28:36 print money out of out of thin air exilo I mean creation out of nothing out of vacuum they just print as much money as they want yes the cost is inflation but when there’s a need to protect the interest of the rich inflation is a good thing because the
79. 29:01 poor pay the price not the rich so you can definitely see that whenever there’s an economic crisis or financial crisis that threatens the well-being of the rich their interests their wealth their position in society their access to lawmakers everything whenever there’s such a a
80. 29:22 crisis central banks throw caution to the winds ignore in and print money like crazy in a variety of ways why because the poor the poor pay the price the rich just get richer even in cycles of crisis in the crisis part of the cycle the rich get richer so Fiat money is one way to
81. 29:46 disguise scarcity because if you print a lot more money it seems like the economy is growing debt is another way if you take debts credits loans it gives the illusion that you’re rich because you have a lot of money you have a lot of money now never mind that
82. 30:06 this money has been taken mostly from the deposits of poor people from the savings of poor people the rich take the savings of poor people in the form of credits and Loans all the giant Enterprises and and successful entrepreneurs and amazing mind in
83. 30:28 business and so on they are leveraged to the hilt they’re drowning in credits and loans and in many cases they don’t pay them back either through b bankruptcy or through inflation inflation reduces the value of the of the of the um the money they they return so these are ways to
84. 30:50 avoid paying back the value that they have taken taken from whom from the poor that’s another way to camouflage or to disguise the fact that there is a limit there’s a limit to everything there’s a limit to money there’s a limit to land there’s a limit to water there’s
85. 31:07 a limit to air there’s a limit to plants in Forest there’s a limit to products there’s a limit there’s always a limit someone has to pay the price of scarcity and that someone is a poor person and finally another way to camouflage the fact that we are living on a finite
86. 31:29 limited planet with finite limited resources with finite limited ability to allocate them justly to camouflage all this we said that one way is to print money create the illusion of prosperity another way is to give away credits and Loans to the
87. 31:50 rich mainly to the rich and create the the again the illusion of prosperity and the Third Way is the symbolic economy it’s the economy where you manipulate symbols you manipulate symbols and you get paid and so your salary you can use your salary to consume and you consume
88. 32:09 products and and so on but mostly actually you consume Services Services constitute the bulk of modern economies what are Services manipulation of symbols what is finance manipulation of symbols what is the internet manipulation of symbols what is
89. 32:29 information technology manipulation of symbols it’s all symbols people move symbols from one place to another and they get paid in symbols because what is money it’s electronic it’s in the ledgers of Banks and the central bank it’s a symbol we have transitioned from
90. 32:50 a real economy grounded in hard toil and harder soil we have transitioned from this to simp symbolic economy an economy of make belief a shared fantasy a total delusion these are all pony schemes Fiat money is Ponzi scheme corporate debt is Pon Ponzi scheme and of course they
91. 33:13 crumble because they’re Pony schemes they’re pyramid schemes these are scams we’re being swindled the poor are being Swindle time and again and all these Contraptions intended to disguise real to brainwash the masses crumble periodically in cycles of boom and
92. 33:34 bust capitalism is a zero some game because the rich want it all and because there’s a limit to how much we can produce and consume when you have a group of people who are predatory rapacious ruthless callous Relentless merciless dis empathic when you have such a group of
93. 33:55 people all the other all the others fall prey to this group of people and today we are led by these kinds of Elites especially in the business sector of course it’s a zero some game who told you otherwise and why are you stupid enough dumb enough to believe them