Name: Peter Joseph on RT - New value order - 2011-09-14
Uploaded: 2017-07-23T12:34:06.000Z
Duration: 16 min 21 s
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If those folks out on the street that Adriana interviewed are representative

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many people blame Obama or even past-president George Bush

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for the country's current problems and though we have seen

a slew of bad news out for Obama, just to give you a handful:

his approval ratings are 43%. They used to be 69%.

A NY Senate seat historically held by a Democrat

went to a Republican for the first time since 1923.

Solyndra, the solar panel making plant who got stimulus money

is facing bankruptcy and is now a scandal for the administration

But my next guest argues this is not about Obama.

It is about needing a total overhaul of society.

And Peter Joseph, filmmaker and founder of the Zeitgeist Movement

coming off of his inaugural Zeitgeist Media Festival

Thank you for being here. It's nice to see you.

So to start out...- Thank you for having me. - Absolutely!

You argue the solutions to social problems are not politics.

What exactly are the solutions called for by the Zeitgeist Movement?

To understand the solutions you really have to understand

In the broad view what we're faced with right now is basically the end

of a paradigm with respect to our social system.

It's not ending because of some bad policy

or some political malfeasance or any kind of economic issue.

It's ending because it can no longer sustain itself

by the natural evolution of human society and technology

and the inherent mechanisms that define this system

which are slowly growing out of control like a cancer.

Interest is charged on the money that's loaned

that doesn't exist outright in the money supply.

is really why you see these sovereign debt defaults

corporate debt defaults, personal debt defaults across the world.

We have $60 trillion of private and public debt in America alone.

You can do the math on how much that is per person.

It's only going to grow as well and this is just the nature of this system.

We have an unemployment crisis, which is really driven by technology.

Technological unemployment has been the major attribute

that has moved people from sector to sector.

The illusion of most economists is that they say

What happens is (and you can see this if you track

the industrial revolution to the modern point you see this very clearly)

but what happens is we start off with a certain sector: everyone's employed.

Technology comes in, displaces human labor and slowly other sectors emerge

usually on the basis of other technologies. It's a natural consequence

but it actually isn't a resolution and actually isn't creating anything.

What we're going to end up with is the necessity to have everyone either a lawyer

or working in the entertainment industry because there's no way

you're going to have a manufacturing sector with people actually employed.

There's no way you're going to have a service sector with people actually employed

because the cost efficiency that's enabled by technology

What happened to Bank of America recently? They just laid off 40,000 people.

Do they understand what they're doing? They're actually laying off...

I just want to get in here to continue the conversation

because how do you separate out... I hear what you're saying about technology

and about the entertainment industry. I've lived in LA

but I do want to know how you can separate out

all of the jobs that we've seen go overseas to countries like China

and all of the people we've seen move into

a financial system that people say is overbanked in this country.

There have been a transition in industry and jobs.

There absolutely have been, but the question is

when you have 96% of the human population mostly in the West

which has the majority of the labor working in the service sector

which is now being replaced by automated kiosks

and many other advanced technological mediums, where is the next sector?

I want to point out that I look at this on a global scale.

I'm not interested in American unemployment or in any country's specifics

because it's one society. It's one world, one economy.

Why will the majority of people eventually be unemployed on the planet?

That's because of technology. You can forget about outsourcing and all of that.

The only thing to learn from that is that industry and its prime motivation

to corporation shareholders, is to make sure they maintain a profit.

Displacing human labor because of the cost-efficiency

is the contradiction and collapse of capitalism

that many economic theorists have talked about for the past 100 years

This is an inevitable evolution and it's not going to stop.

The solution is a completely different reordering

of how we actually engage materials, how we create production

and how people actually contribute to society. If you recognize this reality

that the market system as we know it which is the bedrock

of the capitalist free enterprise system, whatever you want to call it...

If we recognize this phenomenon as phasing out and mark my words

the jobs are not coming back across the board. They can't!

The system will not enable it by its inherent logic.

When you realize this, you start to open up your mind.

You think to yourself "If technology can provide

all of these tools to enhance production..."

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Peter Joseph on RT - New value order - 2011-09-14

recognize

mental

eventually

engage