What is Credit? 1 of 2

Now, more than ever, there is an imperative need for people to understand the nature of credit in a capitalist society. In a time when we are seeing the high seas of finance increasingly rocked by rolling crisis and systemic instability, from Enron to the sub-prime mortgage debacle to the dot.com bubble to the asian financial crisis- in such a time it is imperative that average citizens develop a useful critique of the way credit functions in the global economy.

Full text of the video can be read at:

http://kapitalism101.wordpress.com/what-is-credit/

Duration : 0:8:42


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15 Comments on What is Credit? 1 of 2

  1. SAXORXIII
    November, 27th 2009 at 3:50 am

    search agenda 21
    search agenda 21

  2. CajunCommie
    November, 27th 2009 at 3:50 am

    Havanna grows 60% …
    Havanna grows 60% of its food within city limits.

    Just food for thought!

    And not just verticle farms, but how about housing? I’m sure people living in tenements and public housing would rather an apartment in a retrofitted Manhattan skyscraper to call home. Skyscrapers were built to conserve space in dense urban areas, but zoning laws mean mixed use structures are scarcer than they should be. Mixed-use buildings are much more sustainable and easier to use.

  3. 1studentoftruth
    November, 27th 2009 at 3:50 am

    And what …
    And what egotistical american would submit to that? Surely not the ones in power. These materials things have become their identity. That why their were people committing suicide over the recession. They weren’t doing it because they would be homeless, with no food or car, but because they would lose their status. That’s what oppressor and oppressed societies are built on, superficial status, and america holds the crown.

  4. yadsik
    November, 27th 2009 at 3:50 am

    Thats a great one. …
    Thats a great one. By the way, I agree with SUPAMASTA, could you do a video on the history of Marxism? And perhaps your opinion about the way a socialist state should function?

  5. catgumart
    November, 27th 2009 at 3:50 am

    Just a thought..is …
    Just a thought..is there really any need to build skyscrapers anymore? Isn’t there better things we could build, better ways we could invest money rather than building these huge phallus symbols..Maybe I’m off, but if we spent a little more on substance rather than appearance, I think vertical farms might be a good Idea, Imagine clearing out all those office spaces in Metropolitan skyscrapers and putting organic farms in on every floor …

  6. catgumart
    November, 27th 2009 at 3:50 am

    This is very …
    This is very helpful, it is important to understand these concepts. So many people are living horrible lives thanks to economic injustice, either in the form of destitution,wage slavery, or lower middle class economic issues that strongly detract from quality of life, like debt,fear of destitution, So many people do not understand these concepts (I don’t) and If I’m to argue for fairer economic practices against libertarians and republicans and capitalists then I need to understand this stuff.

  7. MorganAnsons
    November, 27th 2009 at 3:50 am

    5+++++++
    5+++++++

  8. daichangxi1987
    November, 27th 2009 at 3:50 am

    the cartoons are …
    the cartoons are very intresting,could you tell me how i can download them.

  9. billycarr
    November, 27th 2009 at 3:50 am

    thank for you …
    thank for you educational videos, Brendan

  10. kaufmann789
    November, 27th 2009 at 3:50 am

    I also read the old …
    I also read the old book from which you might have some of you´re insights. But I like your Explanations with some pictures and cartoons very much. Also you bring some stuff up to date. The Video shakes hear a little bit.

  11. brendanmcooney
    November, 27th 2009 at 3:50 am

    “Let me say, at the …
    “Let me say, at the risk of seeming ridiculous, that the true revolutionary is guided by great feelings of love.” – che guevera

  12. SUPAMASTA
    November, 27th 2009 at 3:50 am

    hey i noticed that …
    hey i noticed that che picture on your wall,
    can you tell me the quote that was quoted?
    will you ever do some videos on him?

  13. Leibo07
    November, 27th 2009 at 3:50 am

    MCM !!
    MCM !!

  14. Leibo07
    November, 27th 2009 at 3:50 am

    Fine, Brendan. As …
    Fine, Brendan. As always.

  15. HebaruSan
    November, 27th 2009 at 3:50 am

    Very good, as …
    Very good, as always. Looking forward to your take on the declining rate of profit.

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