Billionaires: What Went Wrong?

26 févr. 2021
215 515 Vues

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We got 99 problems... and over 800 billionaires is one.
Love 'em or hate 'em, it's weird how dang wealthy billionaires are. Was this the inevitable consequence of a free market economy, or is something way weirder going on? Let's find out in this Wisecrack Edition on Billionaires: What Went Wrong?
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=== Watch More Episodes! ===
The Truth about Bill Gates ►
Anti-Vaxxers: What Went Wrong? ►
Gamestop: The Economics of Sad Hedge Funds ►
Written by Amanda Scherker
Hosted by Michael Burns
Directed by Michael Luxemburg
Motion Graphics by Riley A
Illustrations by J.R. Fleming
Editing and Additional Animation by Andrew Nishimura
Video Title Card by Amanda Murphy
Produced by Evan Yee

#billionaires #billgates #wisecrack
© 2021 Wisecrack / Omnia Media, Inc / Enthusiast Gaming

  • Well it is obvious why no one complains in this days, because we have been trained to glorify money and admiring people with money without questioning because of the social darwinism. Having a stupid amount of money have been the focus in our society for decades. We saw that literally everywhere, in series, movies, magazines and now in FRworld. And if you also make this people "relatable", by inventing a tragic origin story or conveniently modifying their story, and "likable" by allowing them to put memes and all this "funny and cool" stuff on their social media, then you have the perfect combination. It doesn't matter if they treat bad their employees, it doesn't matter they are exploiting the development countries for their resources, it doesn't matter they block other innovations. Just let them put memes on their social media and let them talk about video games and edgy stuff and no one will ever say anything. On the contrary, people are going to adore them because they are "grounded".

    Valentina SeverinoValentina SeverinoIl y a heure
  • Love Billionaires 😎

    Bahman SaBahman SaIl y a 2 jours
  • How compelling... Now please face the wall.

    Jason DuttonJason DuttonIl y a 4 jours
  • Guess not much has changed

    allthatgliters020allthatgliters020Il y a 5 jours
  • The amount of ppl who think you should be grateful for your crumbs not complain & not fight any rich ppl rules bcuz they want them to benefit too for the magic day when they too get rich 🙄 I hear this sentiment way to often. As if upward mobility exists anymore. And somehow it's OK for billions to go to corporations in gov't tax breaks n subsidies but the gov't giving the ppl anything is "handouts" I even heard an old man say the other day the that he refused to accept medicare because it was socialism & he was responsible and saved plenty to pay his own way 😏 Thank you for the badly needed history lesson 👏 🧡 🦇

    Trixie T0xXx1kTrixie T0xXx1kIl y a 6 jours
  • Short answer of what went wrong. We became depended of the product they were selling since before the pandemic

    Ryan AdamsRyan AdamsIl y a 6 jours
  • Karl Marx with the class struggle nonsense: "My ideas killed more than 100 million of people from starvation, disease, gulags and very massive State murderer" .

    Star mastercStar mastercIl y a 6 jours
  • Eat them all

    RamphRamphIl y a 6 jours
  • Billionaires are the distraction trillionaires put out so we don't believe they exist.

    odeeanodeeanIl y a 6 jours
  • Give us an economy that functions like Mario Kart's item system lol

    Colin Searfoss-SmithColin Searfoss-SmithIl y a 7 jours
  • 16:16 What evidence did you present that gave us the impression of false accessibility to climb the social ladder? It's not false it's still very possible to gain wealth from humble beginnings like the true story behind Hillbilly Elegy thanks to capitalism. Sure maybe not everyone will become multibillionaires but that's a curse as well as a blessing we just think the pasture is always greener.

    Austin BakerAustin BakerIl y a 8 jours
  • Why don't people understand? Trading stocks is gambling. The market IS a Casino. The 1% are gambling to make themselves richer helping only themselves. So maybe we should abolish the stock market? (Maybe that would be a disaster somebody enlighten me)

    Austin BakerAustin BakerIl y a 8 jours
  • We think the world is ending when a couple of school shootings happen, there were full scale battles between the militia and working class worth 1,000,000 rounds of ammunition. Perspective

    Austin BakerAustin BakerIl y a 8 jours
  • Part of me misses the good old days of raising an army and storming a castle, beheading a rich king and taking their wealth. It just doesn’t work like that anymore.

    Soren KazarenSoren KazarenIl y a 8 jours
  • So true, just give me a peace of that action.

    Mavid DedinaMavid DedinaIl y a 9 jours
  • The love of money is the root of evil.

    BotzBotzIl y a 10 jours
  • This was a fantastic video. Really excellent explanation of gilded age. A little light on the later stuff but still really good

    Farhat AhmedFarhat AhmedIl y a 10 jours
  • What do I think? I think the greatest and most dreadful accomplishment in American business of the last 30 years has been the ability of the Republican rich to get Republican voters to vote against their OWN BEST INTERESTS time and time again, gasslighting a vast segment of voters to NOT JUST vote AGAINST their own best interest but to get them EXCITED to actively and - with no prompting - attack the institutions that exist wholly to protect them, like unions. It's sick and it's HAS to stop or BE stopped. If it is not then very, VERY soon there will simply be NOTHING left of the nation we call home. There will be nothing left of the brave and bold everyday people who built it and who bled to protect it. (Nothing but offshore non taxable bank accounts of the ultrawealthy and the wealth that is not theirs to have nor keep.)

    Sean BrazellSean BrazellIl y a 13 jours
  • Christina Freeland is Canada’s first female finance minister & is the effective equivalent of a vice-president to Trudeau. Glad to see her inclusion - even just for a small quote.

    The Circuit BenderThe Circuit BenderIl y a 13 jours
  • America, a place for rich and slaves

    Miguel RodriguesMiguel RodriguesIl y a 13 jours
  • Money is power and power corrupts, who knew? To make it that far you practically have to be sociopath as pre-requisite. Is it really any mystery these people are leading us all into servitude while jealously guarding their own miserable wealth like Scrooge McDuck? If society went on a rampage and killed the lot of them you'd solve most of humanity's problems in one bloody afternoon. Make no mistake, these scumbags are all the ennemies of humanity.

    Vincent VoidheartVincent VoidheartIl y a 13 jours
  • Nice historical overview. Your statement that today most American's are not really trying to challenge the system and rules by which the oligarchy play the way Americans did during the Guild Age is clearly true. They mostly want a piece of the pie, and in order for that to happen, the last thing we want is to dismantle the system. As an historian, this reminds of me the Latin American revolutions, which wasn't so much a revolution as a transfer of power from elites in Spain to elites in Spanish America. The North American Revolution was similar in that while lecturing the world on liberty and the propaganda of land of the free and home of the brave, in fact slavery got worse after we emerged as a new nation, Native Americans were shoved "to the Stony Mountains" in Jefferson's terms and were not even U.S. citizens until after WWI (some states barred Indians from voting until 1957), women had to wait until 1920 for universal suffrage, and black people had to wait until the 1960s to end Jim Crow, at least officially. Heck, anybody remember the 2005 Citigroup investment memo? It stated as a matter of fact that we are a plutonomy, and clients should therefore invest in what the rich luxuriate in not the middle class which was fading. As all good investment advisors, what are the risks of investing in the plutonomy? A key threat is, wait for it, Democracy. If people got so sick of the system that they actually changed it. But no fear the memo went on to say. As long as Americans continue to believe that they too can become one of rich, they were unlikely to challenge the game.

    Ruben RiveraRuben RiveraIl y a 15 jours
  • You should look closer at the carbon credit. It's not working the way you think. It renders your Tesla point moot.

    Jeff HillJeff HillIl y a 16 jours
  • People talk about Citizens United too much and ignore Buckley v Valeo and First National Bank of Boston vs Bellotti.

    The God EmperorThe God EmperorIl y a 17 jours
  • Well, I don't know if it's a problem or not. But it's not gonna go away. Not until every damn one stops wanting to be the next billionaire.

    Kunal DoleKunal DoleIl y a 17 jours
  • Capitalism is a cancer that needs to be eradicated

    The UnintendedThe UnintendedIl y a 17 jours
    • You would love Mao Zedung.

      Star mastercStar mastercIl y a 6 jours
  • Hopefully humanity can transcend capitalism before it goes extinct. Fat chance though.

    Grave New WorldGrave New WorldIl y a 18 jours
  • They are definitely a pasty faced menace to society!

    Joshua AfroMagicJoshua AfroMagicIl y a 19 jours
  • Great content as usual! I wonder why you didn't address the creation of the Fed?

    Emmanuel LaflammeEmmanuel LaflammeIl y a 19 jours
  • Deep or Dumb? This time definitely dumb. You guys are normally so good at going deeper but here you just repeat the same simplistic, boring and frankly false narrative. Even if you are in the left spectrum wouldnt you want to give a mantra everybody has already heard like a million times a new perspective? That would be my standard as creative person. If I want to hear the same old rug I can visit the a young socialsts yt channel. Would you actually care and look deeper you would find that in the 1860-1900s in the free market average salaries doubled every decade and life improved drastically for everybody. You would also find that the elites once rich didnt want to compete anymore and used lobbyism to keep their competitors away through legislation and subsidize their businesses, which is all but a free market. And you would find that the increase of wealth among the 1% in recent years is not to ravaging neo liberalism but central bank inflicted asset bubble inflation which once again has noting to do with the free market. But it seems curiosity and creativity always come second to cherished beliefs..

    GigagagagamerGigagagagamerIl y a 21 jour
  • I don't really know if calling a "robber baron" whose wealth was the result of... scamming the government, and thus the taxpayer, and rigging the system in his favor a "philanthropist" for giving a small portion of that money back to those he deemed deserving is entirely accurate, tbh. If Robin Hood got his money by robbing the poor at gunpoint, he wouldn't be called a hero.

    HakkapeeleHakkapeeleIl y a 24 jours
  • Would you care if it didn’t make you money?

    L CGL CGIl y a 24 jours
  • For the western kids. MAny other kids around the world it’s a bit better

    L CGL CGIl y a 24 jours
  • This is the second worse of generation

    L CGL CGIl y a 24 jours
  • Good video. Simplify your lexicon.

    L CGL CGIl y a 24 jours
  • Democracy is Kleptocracy in the making

    Rich HornieRich HornieIl y a 24 jours
  • The difference between the robber baron days and now is TV. We have accepted a TV induced collective hallucination of the possibility of future wealth (that will never happen in reality).

    Dr. Eldon Tyrell-RosenDr. Eldon Tyrell-RosenIl y a 25 jours
  • *"And, for an instant, she stared directly into those soft blue eyes and knew, with an instinctive mammalian certainty, that the exceedingly rich were no longer even remotely human."* Marly Krushkhova and Josef Virek Count Zero by William Gibson (1986)

    Dr. Eldon Tyrell-RosenDr. Eldon Tyrell-RosenIl y a 25 jours
  • The 2021 storming of the United States Capitol was the closest the USA ever got to a working class Revolution in the last 100 years. Which was painted as a right wing terror squad by the media.

    Jurica SaponjaJurica SaponjaIl y a 25 jours
  • Tell me your very left wing without telling me your very left wing

    Henry BrooksHenry BrooksIl y a 25 jours
  • The United States just created a modern generally acceptable type of monarchy, which is capitalism.And it works so well because it gives everybody else hope to aspire to the top,if they work their butt off,calling it the American dream

    ode majode majIl y a 26 jours
  • Second Algorithm's boost

    Random ThingsRandom ThingsIl y a 26 jours
  • Algorithm boost

    Random ThingsRandom ThingsIl y a 26 jours
  • Whats with the wisecrack clickbait titles? Like what in gods fucking name do u mean what went wrong?

    Francis peñaFrancis peñaIl y a 26 jours

    The Bass is LoadedThe Bass is LoadedIl y a 27 jours
    • no rich people are blessed they deserve to be rich because the universe wanted them to be superior if you’re poor deal with it because you’re unlucky

      Icii _Icii _Il y a 25 jours
  • They can screw right off to mars or wherever else they wanna go. "ohhhh but I donated this much to this thing - I built this thing." Still a dragon sitting on their treasure trove I'm sure.

    Fuzzy WizardFuzzy WizardIl y a 28 jours
  • Identity politics has destroyed class warfare.

    Jorge Quinta-NovaJorge Quinta-NovaIl y a 29 jours
  • Bitcoin should be transparent and it isn’t as easy as people thinks it is, there are so many strategies to be learnt and unfolded about Bitcoin trading

    Declan ThompsonDeclan ThompsonIl y a mois
    • I don't usually do reviews but Earning x3 of my monthly salary from Mr Christopher trading account in just a week is overwhelming

      Мирослав УваровМирослав УваровIl y a mois
    • Am I the only one who doesn't understand forex trading? Watching a documentary about it now and still don't know how to get it right

      Эдуард ТарасовЭдуард ТарасовIl y a mois
    • Working under him management setup has Extraordinary is the right word for expert Mr Christopher, his experience as a trader is so unique...

      Ilaria NegriIlaria NegriIl y a mois
    • Started up few hours ago but I'm already feeling the excitement of the profit outcome

      Beatrice DamicoBeatrice DamicoIl y a mois
    • Started up few hours ago but I'm already feeling the excitement of the profit outcome

      Katherine BrownKatherine BrownIl y a mois
  • Resistance is quiet because people are so damn isolated.

    Tyler MacDonaldTyler MacDonaldIl y a mois
  • Thank you for this fucking video. God damn people need to learn this history instead of bullshit about how great Abraham was and the civil war.

    Tyler MacDonaldTyler MacDonaldIl y a mois
  • Free market capitalism in the best system we have. It may have flaws but it gives chance for individuals with ideas to rise to the top

    Nikola IvanovNikola IvanovIl y a mois
  • When you live in a materialistic culture that worships money, the uber rich become God's who you seek to mimic, not restrain. The religion the uber rich convert Americans to is called The Meriticracy. Americans "tithe" to the rich in the hopes that their gods will "trickle down" rewards for their sacrifice. Americans suffer to find favor with the billionaire gods so that they too may ascend to the heaven of hedonistic and cruel excess.

    Whank McSockpuppetWhank McSockpuppetIl y a mois
  • Wait is that photo of Zuck real!? 🤣🤣

    FalsificationismFalsificationismIl y a mois
  • this is so perfect

    first namefirst nameIl y a mois
  • Money can't buy popularity... Me in Kenya: 👁️👃👁️

    Entropic PedroEntropic PedroIl y a mois
  • 15:32 Flashback of Thug notes.

    Deonte RobinsonDeonte RobinsonIl y a mois
  • Billionaires are the scum of the earth and I wish people would realize that if we band together we can't take them down

    LunaLunaIl y a mois
  • Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock Stock

    Secretly a CelebritySecretly a CelebrityIl y a mois
  • I look at it like this, regardless of what the ideology in power is, whether is communism, fascism or socialism, mercantilism or feudalism there will always be some small elite that holds the whip hand.

    Gotham's Dark knightGotham's Dark knightIl y a mois
  • Eat the rich

    Alberto LaurellaAlberto LaurellaIl y a mois
  • Too many billionaires, I reckon. Yes, Blair Mountain. I seem to recall that that was the biggest military operation on US soil outside of the Civil War.

    Jay DearienJay DearienIl y a mois
  • Nice Grateful Dead shirt!!!

    Eric ZimmermanEric ZimmermanIl y a mois
  • Cycles, patterns, rhymes, and repeats.

    Aeth AlpenglowAeth AlpenglowIl y a mois
  • The reason the pushback hasn't happened as much yet as it will is we're still getting over the fact the USSR and China weren't/aren't socialist. The failure of those systems (that again aren't what they claim to be) plus the propaganda saying there is no alternative (plus things like technology) have made us forget what public ownership actually is. I'm pretty confident class consciousness will happen soon though and we will actually have real socialism (which isn't "when the government does stuff" it's democracy in the work place where employees get a say in how the company is run and decomodifcation of things that don't actually benifit from being comedified like healthcare, education, public housing etc) and then we can actually move into a world where we all actually can get out of poverty rather than just a few people having most of the wealth

    Smiley PSmiley PIl y a mois
  • It’s simple, the existence of billionaires and mega corporations undermines democracy because too much power is in the hands of two few people. Secondly, it’s just poor economics. The more money one person has, means the less money everybody else has to spend in the economy. So they don’t spend it and the economy gets worse, or the central banks have to create more money which devalues the currency to try and keep the billionaires happy and give The illusion that the average person is making money, when it’s all credit or doesn’t even buy as much. If the last 30 years has taught us anything it’s not that your wages are too low, it’s that you just need to give people easier access to credit, which creates boom and bust cycles

    Conor SConor SIl y a mois
  • The red scare made any change for the foreseeable future impossible. And probably after the foreseeable future climate change will destroy human civilisation. Act now or die later. The only thing the people can lose is the perceiption that they can become billionaires themselves... I mean chains

    Y_ IIIY_ IIIIl y a mois
  • I had to immediately pause and read that article on tesla. Amazing what can happen right under your nose.

    Chudman00Chudman00Il y a mois
  • Soo, Let s read Marx ???

    Stegariu CostinStegariu CostinIl y a mois
  • Billionaires are humans. When all you have is a hammer, everything looks like a nail. I'm convinced if we handed the reins of the economy over to children, there would be post-scarceity in a generation. A while ago I wanted to get into CRISPR to cure ageing, but I don't think a cure for ageing bodes well for any human living today. We need to fix the cultural/ideological issues first.

    Timothy BellTimothy BellIl y a mois
    • "The last balloon is Leaving, The last balloon from fear, The last balloon is leaving, Form that line right here. Climb aboard, climb aboard, You men folk, You won't need any bombs of knives, Climb aboard, climb aboard, You men folk, Leave all that to your former lives. Climb aboard, climb aboard, You women, You won't need any gems or furs, Climb aboard, climb aboard, You women, Leave all that to the bad old years. Climb aboard, climb aboard, You children, Move aloft with your feet, and fast, Climb aboard, climb aboard, You children, We're weighed down by our evil past. Drop us all, You should drop us all, Drop us all and free your head."

      Timothy BellTimothy BellIl y a mois
    • Because kids are anti-fragile and feel empathy for their peers readily. They haven't learned to suppress it yet.

      Timothy BellTimothy BellIl y a mois
  • 6:22 This is misleading. If those Automakers _actually created and sold_ electric cars/fuel efficient vehicles, they *would not have to purchase carbon credits* from a company such as Tesla...

    SmallTownGamerSmallTownGamerIl y a mois
  • Please do the philosophy of the weekend

    Blessing FakudzeBlessing FakudzeIl y a mois
  • They exist, that’s what went wrong

    Leo HarrisonLeo HarrisonIl y a mois
  • Unlike Kleptocrachies of the past, America provides something a bit above soul-crushing poverty to the majority of its labor class. As long as most of us have a roof, a bed, a tv, and food, we won't risk our lives and freedom to overthrow the owning class.

    RJ EhlertRJ EhlertIl y a mois
  • capitalist propaganda has become extremely successful, that's why

    Edgar Allen HoeEdgar Allen HoeIl y a mois
  • Cant wait for the next 5 generations to look back at our time and say "Yea this shit was ridiculous." One poor kid will be forced to read the opening chapter about minimum wage workers

    TheLonely KloudTheLonely KloudIl y a mois
  • What went wrong is that billionaires are a major ologistical error that results from capitalism, a mathematically broken economic system.

    fl00fydragonfl00fydragonIl y a mois
  • Had no access to

    Jason CombsJason CombsIl y a mois
  • Unsubscribed because of the stupidity of this video 😂

    watchdealer11watchdealer11Il y a mois
  • When you have an 11th grader understanding of economics 🤡

    watchdealer11watchdealer11Il y a mois
  • This video is shit...really old hat.

    Quentin BrowneQuentin BrowneIl y a mois
  • Kill'em alll!!!!!

    Duda SaintsDuda SaintsIl y a mois
  • If you look at Europe it hasn't been that quiet, here in France 2018's yellow vests movement had a big impact and set a precedent.

    The BacklogThe BacklogIl y a mois
  • I guess the love of money does really mess up your life. I does make you happy for a while, but it really makes you miserable in the long run. 😐😐😐

    Kevin dela CruzKevin dela CruzIl y a mois
  • ha i saw you!

    Jade MillsJade MillsIl y a mois
  • hump...I cant get over they gased them. In our sum. Per shame!

    Jade MillsJade MillsIl y a mois
  • Fuck billionaires. Bring back the guillotine lol

    Puffalo ChillPuffalo ChillIl y a mois
  • 15:54 it's simple why this is. Journalism is dead, especially investigative. The mainstream media the big media empires are just PR branches for corporations.

    TwitchyTopHatTwitchyTopHatIl y a mois
  • Corporate Oligarchy. The United States is NOT a republic anymore, it simply isn't. It's just an aesthetic.

    TwitchyTopHatTwitchyTopHatIl y a mois
  • Time to eat some billionaires

    TwitchyTopHatTwitchyTopHatIl y a mois
  • with all do respect, that is one unsavory bowl of mac-n-cheese

    Peter SiriPeter SiriIl y a mois
  • This channel is underrated & underappreciated wow

    Forest VVoodsForest VVoodsIl y a mois
  • There are only three ways to becoming a billionaire. Direct government contribution, government protection from competition, or government refusal to enforce existing laws. Usually it is some combination of these elements.

    Rick BRick BIl y a mois
  • Thanks for that information about labor movements

    FredericoFredericoIl y a mois
  • Fuck neoliberalism!

    Spacechimp64Spacechimp64Il y a mois
  • down with billionaires, decentralization and democracy are the key to the good future

    TheBloodPainterTheBloodPainterIl y a mois
  • "and had no access to reddit" lmao great line

    Wyatt EvansWyatt EvansIl y a mois
  • The financial activity generated only accounts for 4% of jobs. So what I got out of this is that these millionaires and billionaires are literally parasites to the economy and to the average person.

    OmniliskOmniliskIl y a mois
    • They are also a huge drag on the real economy, that being, the economy that actually makes things and provides services. This video also overlooks the fact that billionaires can only exist with support of the government and its protection from competition.

      Rick BRick BIl y a mois

    ultra soundultra soundIl y a mois
  • There is a serious problem of billionaire worship in America or just worshipping money in general. Most billionaires built their wealth through crooked means.

    jonn macejonn maceIl y a mois
  • Class conciousness babyyy

    christian Joneschristian JonesIl y a mois