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In 2008, the global financial crisis decimated Latvia. As unemployment skyrocketed, the government slashed public funding and raised taxes, while providing relief to the wealthy and large businesses — all without backlash or protest from struggling citizens. Sociologist Liene Ozoliņa examines how Latvian officials convinced their people to accept responsibility for the country's failing economy — and highlights the rise of similar social policies upholding inequality worldwide.
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I love TED! They inspired my sci-fi/futurist channel!!
Who wants to do a ted talk in his life?
Amsterdam here?
The same reason we blame individuals for things they didn’t do. Stupidity.
Thank you for the wonderful sharing.
You’re welcome
Because it’s easier to attack the defenseless and take their possessions rather than fight the greater power who positions enforcers with the promise of said possessions.
Well Said …soooo damn true.
Yeah but i don’t think is fair to blame someone for affording a supercar if that comes from hard work…having huge money is not a sin
@Eric Valverde Rosado nothing wrong with owning a supercar, but there is a problem when a boss uses undocumented labor with threat of deportation or death to save on wages. There is a problem when politicians are paid by lobbying corporations to pollute environments, to steal retirements through tax cuts, NOT PAYING TAXES, offshore accounts, money laundering, applauding corrupt officials killing innocents to send a message to the masses, paying corrupt enforcers to hold back the masses so the corruption continues. The people become exhausted with this fight of corruption and turn to hopelessness and comfort and attack those that disrupt that comfort. History has shown us how misery works. From slaves turning on other slaves attempting to run away to abused wives remaining silent to hold the family together hoping one day things will change.
@Eric Valverde Rosado Well, he’s clearly not the kind of person responsible unless he’s a multi-million/billionaire and the hard work was putting together an overpriced kit-car with his own hands as his dad won’t buy him the real thing.
Eric Valverde Rosado Having huge money comes with responsibilities. That money was acquired because large numbers of people transferred money to you due to your product or service. When those people suffer a society wide economic set back due to no fault of their own then those very people are the ones who need money spent on them. An economy in which the greater part of the population are in economic distress means the entire economy will suffer. Taxes are used to create aid for the portions of society which contribute the most to society. Economic contributions to any society come from those who do the day to day labor in the society, not the wealthiest or those who control the wealth.
“Everyone seems to have a clear idea of how other people should lead their lives, but none about his or her own.”
― Paulo Coelho
“In a country well governed, poverty is something to be ashamed of. In a country badly governed, wealth is something to be ashamed of.”
― Confucius
“What have you done to earn your place in today’s crowded world ?”
Dr. Kevin Christie ~ Utopia
Existed. .
*All Creations* Deserve Good Lives.
ThatOneGirl
Does our intellect give us dominion to destroy that which you call creation and if so, why does humanity deserve this distinction?
@ThatOneGirl
Would you consider a lion a creation, or a bacteria a creation?
Then would you consider a sheep and patient a creation?
In those situations which one of those – truly deserves this “Good Lives” you speak of. It’s not so simple.
Deserves implies ought, ought implies can. And we, or rather, reality cannot.
This explains every frustrated labor union workers dismay fighting for the rights of families first blue-collar Americans. The push back from the majority of citizens caused all our efforts to be fruitless .
Maybe because they had a look at the 20th centuries and had enough of socialist genocide and starvation.
It’s easy. As we have people in power. And if that person knows the information when he/she is told and makes the wrong decision. Or fails to act correctly it’s there fault. They take the power and money when it’s all good. So it’s in them
We can all invest with our government for the next 100 years. Just by building a new kind of investment for future and new generation
Sure, invest in unicorns. I will sell you one.
Really. are you better off, under Communism?
Useful idiots gonna useful idiot.
Undeniably a great talk and a vivid illustration of the paradox! Thank you. And please do more!
Great video! I hope we live to see a day where individuals are actually set up for success in the modern world. For example, struggling with mental illness makes it so much more difficult to navigate our world. If we spent a little more time in school teaching kids how to manage their emotions, we would have a much more thriving society.
When corporations make hundreds of billions yet pay their employees minimum wage.
Fool.
There is risk in everything, so be prepared for ups and downs.
Really people fail to understand that the rich stay rich by spending like the poor and investing without stopping them the poor fail to do so .
@Andrew Raymond This is the wisest speech so far you’re really wise.
BTC investment has been one of the wisest decision I have made so far, kudos to Mr George
@Liam Noah + 1 2 6 2 8 8 8 4 1 2 1
You can reach out to Mr George Edward, be will guide you through the fear and falls of your investment.