Why the Economy Hasn't Crashed Yet via Hank Green

This video descibes how capitlist, big, companies actually favor a currupt strong-man-mentality like Trump. Because it’s cheaper to bribe him for preference than it is to actually maintain and innovate products and services.

A good capitalist will happily become an oligarch. Because if the other choice is having your competitor become the oligarch, then that’s a terrible decision. And you can drift Toward this oligarchy, it’s not so much about the money. It’s about the consolidation of power.

And this is an explanation for how the stock-market-econonmy is looking good right now even as the actual infrastructure and products and services are rotting beneath us. The incumbents and consolidated power (trending to oligarchy) are paying (monetarily and emotionally) Trump to prop up their businesses with incentives and favors.

Big firms dominate the index. The index stays strong. Assets keep higher earner spending high. Spending props up the average spending, and then the average spending props up everybody’s earnings, and then the earnings prop up the index. So tariffs can be a drag; the unpredictability could be a drag. Everything can suck for small businesses. Everything can suck for the lower and middle class, but the market can still float up there because the market is betting that the winners will be protected and the losers will be everybody else.

But this extractive process is rot and the effect will be devastating in the long term. There’s an economic reason that corruption is bad! It’s not just morally bad, it’s materially bad for everyone but the corrupted!

Corruption is the biggest kind of theft.