Late-stage capitalism has transformed from a system designed to encourage risk-taking, business creation, and employment into one where wealth is primarily accumulated through assets like housing and stocks rather than productive economic activity. This shift has made housing unaffordable for younger generations, concentrated wealth at the top, and created an illusion of prosperity through debt and asset price inflation rather than genuine productivity gains. The system prioritizes protecting existing wealth accumulation over meeting basic human needs, making it increasingly difficult for average people to achieve normal life goals like home ownership.
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Capitalism Is A Zombie NowAdded:
So the current system is is a disaster right and it feels like it's designed for you and me to give up and this is what we see around us right people are giving up or already gave up and and very sad is to for me to watch the younger generation um they giving up and I sympathize with it because I understand they're actually right you see like we were told if you study work hard stay disciplined and play by the rules right life would improve Okay, that was the the promise. Um, and now we have more technology, more improvements, more convenience, right?
But yet it feels like normal life is further away. So why does it feel this way? And and the answer would be in my opinion is because of the late stage late stage capitalist system, right?
That's where we are. And it became almost unbearable. Um I don't think we have I don't think it's long until the system sort of dismantled itself and probably going to be replaced by something else and we can feel there's a big push towards socialist socialism especially from young generation which is very dangerous but but that's for a topic for a different video right so the capitalist system was supposed to be this um in it healthy form it it encourages taking risk building businesses creation employing employing people hiring people, working with people. [snorts] Um, it would mean also you would compete with other businesses.
Therefore, you would produce better service or better product and the price would have to come down which then in return the end user, the client would benefit from it because they would be offered better service and better price, right?
uh in theory and then you would get workers be getting paid for their job and they would be allowed to offer to to buy a house to get a family you know to just have normal life which would mean putting money back into a system and everyone was sort of like happy right that was it was working for some time but then it became this you know the whatever the zombie kind of dead me walking what we have right now the system itself it's just a joke and it was also meant to be ownership was meant to spread across the um society the population. So it's not concentrated at the very top. Right? That is the in the very basic what is what is meant to be.
It was for some time but it's not now.
And anyone trying to tell you different is just not being honest in my opinion.
And I'm telling you this as an as an entrepreneur. So I obviously prefer the capitalist system from any other system.
I think it works much better than anything else. It's not perfect but there's nothing better in my opinion.
But what we having right now is far from capitalist system. It's it's just a like I say it's a zombie. Right. So this latest stage capitalist looks something like this. It's so instead of producing things right many people now getting rich because of the um accumulation of assets.
Um so you see I have you I have friends quite lots of friends you know wealthy friends and people who's been successful in business and honestly I don't know anyone here based in the UK who has a business manufacturing anything most of it either services or selling some products which is okay but there's like you know I was thinking about this there's no production anywhere so that is [snorts] one thing right which is uh the latest stage capital is accumulation of assets and that means for example housing right houses house price of house is rising up raising massively um much faster than wages okay and that we'll get to in the housing in a second and then you have stocks which also going up if you compare if you pair it with inflation that is like where people wealthy people put their money in so they can escape the inflation therefore the stock is going up and again this is an asset right there's no productive um exchange, right? It's just you put money into assets which is a stock which is going up and nowadays most of it it's just the tech companies which are the the most uh profitable assets, right?
The the stocks. Um [snorts] and then you have debt which replaces a a real prosperity, right? Because the companies not companies not only companies but but countries are obviously massively in debt. So the prosperity we've had over the last many or last few years or maybe a couple of decades was mainly fueled by debt not by the actual production right and and prosperity in in the economy or in in society and then you have larger corporation dominate sectors whatever you choose the AI is a perfect example and they crush everything else they crush competition they either buy it if they can if there if it's worth for them or they just crush it and you know I've been in the business for long enough I've seen many many times it's over, right? You can't compete. It's very hard to compete now. It's especially hard with big players in the market. They can just smash you. Especially they have access to all unlimited money. They and government bonds and loans and god knows what, right? And then governments increasingly protect markets. This is a big one. Rather than civil uh rather than um um population, right, as citizens. So they would rather protect housing market because everything is tied up to it including their own donors, political donors, people who choose vote for polit politicians, pension companies, pensions, insurance companies, all of it is tied up to um housing. So rather than making housing actually affordable for younger generation and workingclass people, again I don't like working class. It's too much, you know, connected with the socialist socialism which I'm not a fan of. But people actually work hard and they can't afford anything like so let's say like working people right so they can't afford it but the very few people on the very top they can afford more many houses and that's where they park their money because they want to um protect their wealth right and the wealth is actually accumulated assets rather than just productive a factory which will you know benefit everyone else [snorts] um and then the the younger people are often said they're failing they they've been giving ridiculous ridiculous advice like oh you just have to start small it's like that doesn't work anymore it's unfortunate you know I started businesses from like this but now it's very hard because the system itself failed them it's not just people are being unproductive or lazy or anything like this it's it's it's really the the fault of the system uh and politicians were just trying to protect it rather than just face the reality right so housing obviously became a big problem big part of this because it bec it stopped being just a shelter which is one of the basic human needs. We all need a shelter, right? But it became asset, one of the biggest assets. Um and this causes all these abnormalities in the market. Um which we basically have empty houses, empty houses sitting everywhere because people just keeping it as a wealth um vehicle, right?
Protecting the their wealth.
Uh and instead of being um [snorts] you know saying we we should be focusing on actually doing what's good for society we are focusing on what's good to keep the system going and system is is it can't in my opinion it's not far from system imploding and becoming something else. hope it's not going to be what it looks like it will. But you know this push towards socialism is real, right?
And you know you have the housing system could have been fixed in my opinion quite easily. But before that would have to be dismantled, right? We have to we have to go through the phase of the actual falling prices of actually people especially all the generations who are dependent on their houses to basically stay alive to have to travel around the world whatever right they would have to face the reality like we can't what we where we get to the to what where we got now is we are sacrificing younger generations prosperity and future to keep the you know the zombie system going right. So people in their 20s and 30s they will be punished. They are already but they'll be even more in the near future because we can't look ourselves in in the mirror and say look we're going to have to reverse what we've done especially around housing because housing is a key to everything to understand. [snorts] Um so you see the affordability is very hard to restore because if prices of housing fall sharply right then home owners panic and bear in mind it's not just you know your average neighbor or or you who owns one house I'm talking about the big companies um you know insurance companies pension companies pensions pension companies they own many many many many houses so they are all leveraged as well they had debt against those those properties so fall if prices fall sharply we're going to see basically what we've seen in cryptocurrency market over the last few years a couple of times everything is going great when the crypto is going up when it goes down then you see suddenly you know we see who was swimming naked right and and every all these companies they just go bankrupt because suddenly the liquidity goes you know dries and they have no means to support the growth and it was all fake anyway it's sort of what we see in housing and you know then governments obviously feared the recession consumer um confidence would drop. All of it would be this cascading effect which is going to happen anyway. We're just delaying it. I suppose in my opinion I don't know obviously I'm not an economist. I'm talking about from a perspective I understand a little bit economy and finance and as much as I can as a business person but that is the one of the main issues right now and there's a hidden cost for all of it to keep it going paid by the young. Okay.
So there is no free lunches right not nothing is for free in this world unfortunately and pay price of what's happening right now will be paid by the future generations and and and what people are you know becoming now aware of it and that's why they kind of rebelling against the system [snorts] which is also accelerating the the kind of decline.
So we now have this kind of illusion of wealth. Okay. So we that means like a 1 million house that doesn't mean like if the prices of housing increases and you have lots of houses worth 1 million right you go to London and it's shitty house small house wherever it's like million pound or more it doesn't mean the country became more productive it doesn't mean there's more wealth in the country doesn't mean you me or anyone else is more wealthy it just means the housing the price of houses increased and now it's very expensive and therefore you can take debt against it and then you can pay for your like I said expensive cruise or something right.
Um raising paper wealth is a [snorts] real danger to and and problem we are now facing because um it's basically what breaks civilizations. Every previous civilization before ours, you know, the high ex um um every previous civilization which was facing the same challenge essentially fall apart became irrelevant because paper wealth is not wealth.
Okay? It's not something you and I can cont benefit from. It only keeps very few on the top afloat and everybody else is going down and there's only that that many of us can go down until things just stop working completely right. So that is again that is a real danger we are facing [snorts] and the governments can't do anything about this without actually going out standing in front of us saying guys it's all been a failed experiment the last decade or two we're going to have to face consequences to fix it and before we can fix it we're going to have to dismantle it a bit further. Nobody wants to admit it.
Nobody wants to do it and majority of the population wouldn't accept it anyway. They would rather live in this bubble. It's all good. This time is going to be different. Maybe a couple more years, couple years more, it's going to be just fine. That is not what um that's not what people want to see, right? People don't don't like the truth. People don't like the messenger of TR. That's why it's also, you know, when I say when I talk about these topics like this, quite often I have people just disagreeing strongly and just, you know, um calling me names or something. But that is the reality. We can't fix what is unfixable and I the economy is like it's not it's like look at President Trump but since he got into the office I was reading about this I think yesterday or today his wealth and it was already a billionaire his wealth tripled right in second since he's in office second time it's been what a year and a half how can you triple your wealth as a billionaire in year and a half not to mention being a president of a one of the most powerful countries in the world like that is so wrong I I don't mean I don't care how many people how much people make money they they have they make that has nothing to do with it but it's just clearly there is we don't have more productivity or more the countries are no better in any any sense therefore why anyone a billionaire would triple their their their worth do you know what I mean this is just these are like two different movies happening simultaneously right we are in the one movie which is the everything's going down but the very few at the top literally getting so so wealthy it's it's crazy these are the numbers it's hard even comprehend right billions and at the same time we have all those conflicts everywhere prices increasing oil incre it's all of it which is really really sad when you think about this right it's like how did we allow ourselves to be into this position it's something I often ask myself how is that and again it's not about if you think if you want to say uh tax the wealth tax the the wealthy like yeah that would be nice but again it's not going to work it's a good example is what's happening I just explained to you with President Trump do you really think you can tax President Trump and people like him and just they're just going to give you money in taxes like it's not going to happen okay I'm I'm trying to be realistic I know this is not what many people want to hear but this is not going to happen until we change our attitude towards the creation of wealth and everything it has to be like deeper education for the general population to to send the money, how money is created, where the money comes from, rather than just, oh, let's take from them so we give ourselves and therefore it's going to be nice. Like that is not going to work. I can tell you this. It's just going to it's going to backfire on Ulas and all these people screaming of like more taxes, more this and that. It's always goes back to the bites them back in their in their asses. Um look at what's happening in New York, right? is um the mayor of New York um you know he's already said he's they run out of money therefore they need to tax people more obviously rich people more but then good luck with that the most rich they already left New York anyway again this is not a rocket science it's just it's part of the populist movement people like to hear these things so they they say people in power they say those things so they can stay in power but they do exactly the opposite the same thing happened with Bernie Sanders is it I think the socialist guy from America you know first he was talking about million then he became a millionaire himself and now he's talking about billionaires. He's got like three or four properties in America.
So like it's so weird, right? It's the same thing in the in the UK. You've got these people claiming they're against the system and then they just enrich themselves enormously from within the system and they just move ahead and it's like over and over and people just getting always getting always, you know, [snorts] caught into this narrative and they never learn. They're not going to learn this time. I know it's just I'm saying it's the system is ridiculous and it's not going to last this way. And I think we carry on with this narrative as we got now like let's keep it all green and let's remove all the energy and let's tax everyone and let's just spread the money ac you know equally whatever that means. It will lead only to a bigger disaster and like yeah you might disagree but I'm telling you it's going to happen. I've seen these things, you know, how they play out in communis and postcommunist Poland. It it never works. It doesn't work. But that doesn't mean the current system is good. No, it doesn't work either, right? We should move ahead with something new. But it would start with the education and accepting that the truth about the reality. It's all it's unfixable. And we're going to have to remove everything whatever we can to to make room for a new system. That's the only way forward. And this goes back to my other videos about, you know, the ridicul how how how hard is to get a job, how many people are getting laid off, you know, people losing their jobs, how the um recruitment process is just absolute nightmare to go through and leads nowhere. All these things are part of what is explained. the system which is basically a zombie corpse still kind of trying to be pretending [snorts] he's like not it's like all these you know 70 80 90 years old actresses and actors trying to pretend they're still in their 20s or 30s which is like the whole planet can see you're not and it's fine because that's part of the human nature we get old that's fine get on with it like you should be happy about getting old because you're getting wiser and you understand more about true value of life and and and what you achieve believed and everything but these people can't accept it. So they're trying to, you know, paint themselves or like mummify themselves into this. Hey, I'm still young. Like, okay. So, it's the same with our system, right? Hey, look, it's still capitalist system. It's fantastic.
You can be whoever you want. You can start your business from scr. No, you can't. You can't. You can still do it, but it's so much much harder. And average person won't be able to do it.
Um although, yeah, I'm I'm still in the business. I'm doing things here and there. Like I'm I'm very optimistic about long-term future about and and I am optimistic about everything in general but it's much harder and it's not about you it's not with you haven't done anything wrong most of you it's not about me it's about the system itself and the very few people at the very top who are untouchable and they won't be untouchable by the any other politicians or anything we we we think we can decide we don't we can't decide in my opinion it can [snorts] only change if we understand the reality we learn about reality the population understand we'll be educated a bit more about actually things real things rather than distractions but I don't think it can be done um if you want to know more about these things then uh I have my members only section when I talk about entrepreneurship and business and how I go about things and my thoughts lessons there's still things opportunities in life but I they're elsewhere I think they're not where you see people saying or they were or they were where they where for the last few few years or decades and if you want to support my channel then that's a good way to do it as well but by all means please join if you're interested uh in this type of topics. It's not for everyone but if you for if it's for you if it resonates with you it's only $5 a month.
Um yeah I'll leave it here. Let me know what you think. Um if you got any ideas of how the system can be improved or fixed then I'd like to hear opinion as well.
uh if you want to talk about this let's tax reach like yeah by all means but I'm telling you it's like obviously I understand this obviously I've read all the books I I've listened to what's his name the English book what's his name Gary Gary whatever Gary economics of course I I understand all of it it's would be nice but it's would be not what is or is doable anyway if that's how you feel I get it I'm just telling you my opinion is it's not going to work so we might just as well try to use our energy on something else to find the actual solution. Maybe I'm wrong. Who knows?
Maybe I'm wrong. I don't mind being wrong. It's just my my kind of my thoughts. I hope you understand. Let me know what you think. Um, apart from that, it's a bank holiday weekend in the UK. So, that means we have an extra day off, which is also straight, right? It's a it's a 1 of May. It's a It's about work, right? We celebrate. What is this first of May called again? I know but first of May hang on first of May.
Was it third of May? No first but international workers day. There you go.
And on international workers day everybody's off apart from England but all the countries in Europe which is also quite interesting. I think we should be celebrating by like I don't know working smarter, getting paid. I don't know.
It's just how I just thinking about why do we always take why all these countries taking off when there's a working day? Let's take off on the other day. But anyways, that is my thinking.
But you know, do you know what I mean, right? So, let me know what you think if if you agree or not. Just be uh respectful and um have a great day. Stay positive. It's going to be all right.
Cheers.
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