YoutubeShare - the dirty secret of capitalism

in #palnet5 months ago

I didn't find this video on steemit so I am making a post just to put it in here

he argues that neo capitalism has wrong "laws". for e.g. more money to workers = less jobs. in a city they raised the basic salary of workers in restaurants and the jobs and employment went through the roof!!!

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This guy is completely wrong. People today are the same as people 30, 50, and 500 years ago. The past 30 (40 actually) years are different than the previous time periods because the money has been broken.

Broken money has allowed for the financialization of everything, distorting valuations and the rest of society.