Abolishing Capitalism

2017 ,    »  -   15 Comments
Ratings: 7.70/10 from 99 users.

Is capitalism destroying the fabric of our society? Peter Joseph, the founder of the Zeitgeist Movement, argues that it is. His philosophy is at the center of Abolishing Capitalism, an Empire Files documentary hosted by acclaimed journalist Abby Martin.

The film is essentially a long form interview with Joseph as he sounds off on a variety of topics, including banks, the stock market, debt, and class division. In his view, capitalism is a scourge that has eroded our capacity for empathy. It promotes the irrational consumption of goods and services, shamelessly appeals to our primal need for social inclusion, and corrupts in its ability to reshape our priorities. In the process, it sets the stage for bringing out our worst misogynistic, racist and exclusionary instincts. Advertising is the means by which the system is able to perpetuate itself.

The average person often fails to recognize the cancer of capitalism. By design, the process is covert and muddied in complexity. The movers and shakers of the financial industry in the United States - the Wall Street traders and tycoons - create nothing. They merely make money from money. The elite line their pockets with increasing bundles of wealth while the lower and middle classes continue to struggle. Corporations are equally ruthless in their attempts to exploit the vulnerable masses. In one such scenario, Joseph exposes a major company that takes out life insurance policies on its employees. Every aspect of the financial sector is driven by profit, including the sanctity of life and death itself.

Joseph extends these grievances to the state of the world's underdeveloped countries, global starvation and poverty, and the degradation of the environment.

It's not all doom and gloom, however. His message is also aspirational. Collectively, our best and brightest have the power to transcend the capitalistic model, fully commit to the promise of renewable energy, conserve our precious resources, dismantle class divides and cure societal ills.

Abolishing Capitalism offers no counter argument to Joseph's assertions. But it does provide viewers with concepts that are worthy of careful thought and debate, and which might inspire activism for change.

Directed by: Abby Martin

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15 Comments / User Reviews

  1. Greg

    The only REAL starting point for any radical transformation in the current world order must be a reformation of the monetary system. Currently all new wealth is generated by the process of fractional reserve banking. All NEW money and therefore new wealth (money that never existed before) is created through fractional reserve banking. This is a wholly immoral system for introducing NEW money into the world because that NEW money then must be paid back to the banker once it has been spent. This makes the bankers the REAL owners of ALL NEW money being created in the world. NEW money should only be allowed to be created through a Universal Basic Income. This is the only moral way to create NEW money and therefore the only logical way to have a sustainable monetary system.

    Most world economists agree the current method for introducing NEW money in the world is inefficient and becoming more and more ineffective at spreading wealth to developing countries. If they would just open their eyes a little wider they would realize just how immoral it is for bankers to be the sole owners of all NEW money being created.

  2. Titus
  3. Titus

    A main problem is that you can't just try to inform people about the problems and issues and expect the masses of sheep to do anything about it. People are ignorant. That is a fact. And it isn't just that the information isn't out there, or that it's hard to understand, it's that the majority of people refuse to change their minds, won't except facts that don't fall in line with their cliques(political parties usually) or are simply incapable of fathoming the drastic problems our society faces(or outright causes).

    The only way we are going to change things like stopping our freedoms from continuing to disappear, gaining back the freedoms that have already been taken by greedy and oppressive governments, and preventing the earth from being irreversibly damaged (although to some extent it already is) is for those who actually can use logic properly and are disgusted by the path we are on now, to FORCE change. Belief in our joke of a democracy, by those who know change must occur, can very well be our downfall.

    - The logic and Common Sense Guild

  4. Chris
  5. Chris

    We need a real revolution in this country, but unfortunately it probably won't happen in my lifetime, only when the masses really get desperate and fed up will we see the population of the world stand up but it might be to late.

  6. Shane
  7. Shane

    “In a way, the world−view of the Party imposed itself most successfully on people incapable of understanding it. They could be made to accept the most flagrant violations of reality, because they never fully grasped the enormity of what was demanded of them, and were not sufficiently interested in public events to notice what was happening. By lack of understanding they remained sane. They simply swallowed everything, and what they swallowed did them no harm, because it left no residue behind, just as a grain of corn will pass undigested through the body of a bird.” - George Orwell, 1984

  8. Sharon
  9. Sharon

    I can't find anything online more recent than about 2013 for the Zeitgeist Movement. I live in LA, where Peter is based. How to find out more and plug into this group?

  10. Shane
  11. Shane

    Try subscribing to TZMOfficialChannel on Youtube. Seaching 'Peter Joseph' on Youtube will also give you loads of hits. I also suggest TeleSUR English with Abby Martin.

  12. DGG
  13. DGG

    How come they don't show pictures of George Soros? He has as much money as President Trump.

  14. DGG
  15. DGG

    It is human nature to want more than the other guy. It's called ego, and out of that comes competition, theft, deception, and everything else he is blaming on a capitalist system. And his claim that 85% of stocks are owned by 1% of the people which he calls "the elite" is nonsense. I own stock and I am FAR from the elite as he describes it.

  16. Stefan
  17. Stefan

    @DGG: your tiny stock pile probably accounts for those 15% that are not owned by the 1%. Remember, it's the sum, it's not about how many actually one just one stock. But it shows how easily people play along with keeping this system alive. I'd rather say that this system makes the worst out of people. Hence the theft, deception etc. And this just being "human", is as wrong as the "jealousy towards the rich" argument for people wanting another way in life and society.

  18. Irwen
  19. Irwen

    Peter Joseph has good insights on the societal effects of oppression and exploitation. He talks rather quickly though, and uses some acronyms that he doesn't define (QE = quantitative easing, I assume). I'm not too sure about vertical farms being the final answer to the world's food supply issues, because from what I've seen they can mostly be used only for growing leafy greens like lettuce, and not staple crops like rice or wheat. My take on some of these issues:

  20. Jay
  21. Jay

    I like how after 10 + years of talking about how bad all these problems are this "movement" is still content to only point to lofty solutions while offering absolutely no detailed plan or framework on how to get there from where we are. Absolutely worthless, please cite me more Harvard studies on the problem, thanks. Please write another book rehashing problems we all know.

  22. James
  23. James

    I applaud Peter Joseph and his economic insights. One major element within our society not discussed or acknowledged to any degree is that of religion. There will continue to be religious warfare I think regardless of whatever economic revelations. I could be wrong but history says otherwise.

  24. poorboy
  25. poorboy

    Purchase voucher concept of money creation, if a car manufacter produces ahundred cars at a ten thousand purchase price.it may produce purchase vouchers correspondingly.100x10,000.If the manufacter produces purchase vouchers of greater value that would consitute fraud.

  26. normroussy
  27. normroussy

    The book, The Web of Debt explains the problem.The book , The Public Bank Solution, explains the best possible solutions.Both books are written by Ellen Hodgson Brown, who is brillant.

  28. Nemo
  29. Nemo

    I've met and spoken with Peter and his Mother in Winston (where she lives)

    Long story short: Peter is wrong/Communist, Communism is evil and kills and does not work, and a quick watch of his debate with stefan molyneux will leave you a serious skeptic of his premise. Otherwise, smart guy.

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