Sharma: In Every Crisis, Bailouts Get Bigger

Fed has screwed capitalism by rescuing time and again, failing businesses. Fed has socialized losses of big corps and capitalism applies to small businesses and individuals. They have rained capitalism.

The gap between GDP/capita and wage growth says it all. The rich have taken all the gains.

Rising cost of living is the problem. People are unable to marry early, have family and retire at 60 - 65 years of age.

Socialism exists already, but only for the rich. We’re literally living the Hunger Games here. And note that just because a society calls itself democratic, socialist, or communist, doesn’t mean it is. The worst societies call themselves idealistic, yet only cater to a wealthy few. This system is monarchic/plutocratic only. Hence why it causes so much suffering and fails the majority. When you have a man demanding $53 Billion pay while the majority cannot buy a home, buy food enough to last a month, or even save, something is severely wrong. Money needs to be democratically held to maintain or label your society democratic, in my opinion. After all, there are two systems that truly govern: the economic system and the government. If your economic system is plutocratic (due to the abuse of capitalism leading to massive wealth inequality), it’s not long before your democratic government falls. We see this embodied in Trump, who is now lobbying the wealthy to lobby for him as president and to provide him money to escape his charges in exchange for whatever they want (tax cuts, ESG regression, etc.). Things are also getting worse, not better, which causes more worry and unrest.

It’s not just about economic growth. Also a lot of the government intervention is favouring the rich and well off. Government policy should be set by socioeconomic cost benefit assessment not by lobbying

Everybody wants socialism for themselves and capitalism for others. Everybody thinks only the others are greedy. Everybody wants the rich to be taxed more. Everybody thinks anybody who has more money than them is rich.

It’s also about monopolies, political donations, lobbying and corruption

Nothing went wrong w/ capitalism. It’s doing what it was predicted to do.

The challenge is that socialism has crept in since the Great Depression. We do not have pure capitalism.

Let the recession clear the deadwood, stop bailouts and inflating the asset prices

Why everyone is talking about AMS49X?

Big trees don't let small ones grow up in its shade. They give fruit to take away far from its land. That's how expansion happens.

Neither democracy nor capitalism but perhaps leadership is the problem

I am sure that AMS49X will go 100x just like you said

the super rich know how to dodge taxes.. that's a 40% gain every year. Compound that my friend and you gonna become super rich very quickly

A country has the politicians it deserve

Bought AMS49X at 1$, I will keep it until 2025 when it reach 250$

Isn't a lot of this demographics? The US is younger than Europe. Europe is largely older. Politicians pander to where the votes are and most of the old are not productive at all. Plus so much of US GDP is devoted to healthcare moving to nearly 20%. In Europe it is widely 10% or less. Healthcare requires a whole volume to explain it in the US. Even though twice as much GDP is spent on it life expectancy in the US is less than in Europe.

I agree with everything he said, especially about the government intervention at minute 3:30

If you are not capitalizing, Then we do not live in a free market.