What if the true financial insanity of this second is not attempting one thing new however refusing to take action?

Austerity has failed. Inequality is rising. But our legislators cling to the identical damaged concepts.

On this off-the-cuff, spur-of-the-moment video, I ask a easy query: What is the hurt of attempting one thing totally different?

Why not make investments? Why not tax wealth? Why not admit that authorities spending creates cash?

It is time to cease pretending and begin attempting.

That is the transcript:

What’s the hurt of attempting? That is one thing I truly stated to Thomas about an innovation we’re utilizing this morning in manufacturing of our movies, and it is an experiment, and it could not work, however Thomas stated, “That is an awesome title for a video. Why do not we make one referred to as, What is the Hurt of Attempting?” And in a way, that is the entire theme of every thing that we’re doing on this channel.

What we’re saying is, when every thing is failing, and it so clearly is, actually throughout us, what’s the hurt of attempting one thing else?  Albert Einstein is reputed to have made the commentary that conserving on doing one thing when it is already failed within the hope that one thing would possibly go higher subsequent time is likely one of the definitions of insanity, and that is the financial loop that we’re caught in.

Our legislators carry on attempting austerity, and it retains on delivering distress. That is the result of every thing they do. And by some means they’re regularly shocked by this, as if the result of austerity goes to be information to them when it’s inevitable.

So what’s the hurt of attempting one thing totally different?

Why should not we perceive that the federal government can create cash?

Why do not we wish to imagine that public funding is definitely the path to prosperity?

Why is it that we cannot tax wealth extra, when so manifestly clearly we have to, as a result of these with out sources want them and would spend their cash into the economic system and because of this, create progress, jobs, and every thing else that we wish, together with, so far as the federal government is anxious, taxation income?

Come to that,  what’s the hurt of truly believing that authorities spending comes earlier than taxation when, manifestly, clearly, that’s true, as a result of in any other case, the place did the cash come from to pay taxes within the first place?  And but the federal government will not strive.

And that is a rare accusation to make.

I can bear in mind lecturers in school saying, “If solely you tried, Murphy.” Properly, I did strive, and I did finally appear to make a hit of the present. However the level was that in most tutorial years, I did not hassle that a lot as a result of I used to be a kind of somewhat annoying children who may move exams and did not should hassle an excessive amount of concerning the coursework. Sorry, my apology is in there, however the level is, I came upon a system that labored. And our legislators aren’t keen to attempt to discover out a system that works.

And that’s the place we’re. That is a definition of the disaster we’re in. We aren’t attempting.

It is received to be price a attempt to do one thing totally different, hasn’t it? Why aren’t we doing that?

If any politician needs to return on right here and clarify why, doing every thing the identical once more is what they imagine is the best factor to do, they’re very welcome. I invite any of them, effectively, besides Reform, as a result of I do not invite fascists on right here and albeit, half of the Tory occasion as effectively, for precisely the identical cause, however those that are critical about politics somewhat than about abusing folks, they’re welcome to return on right here and clarify why it’s they will not strive, as a result of that is why they’re failing us.

What do you suppose? Do you suppose our legislators are attempting? Or are they like the children behind the category, attempting to take a seat there, getting away with doing as little as attainable, pretending that every thing is working okay, by some means or different, regardless of the very apparent reality that it is not? Tell us. There is a ballot down beneath.

Ballot

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