Paul Tudor Jones II: Why we need to rethink capitalism -TED video

Paul Tudor Jones II: Why we need to rethink capitalism

Published on Apr 16, 2015 – TEDTalks

Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of society.” In this thoughtful, passionate talk, he outlines his planned counter-offensive, which centers on the concept of “justness.”

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Comments

  • Rosaliene Bacchus  On 04/19/2015 at 4:27 am

    Capitalism has failed as an economic system. He’s proposing to rethink capitalism by putting justice into capitalism with the creation of the “Just Index” that will govern the free market system that has failed us. Another “index” that can and will be manipulated to promote those on top.

    Sounds like scared tactics to hoodwink us.

  • albert  On 04/19/2015 at 1:49 pm

    “Capitalism has failed as an economic system”
    Its more that the benefits of capitalism has not been distributed in an equitable manner. Capitalism has brought mankind most of the technological and economic advances of the modern world but the distribution of its benefits (income) are skewed to favor the wealthy.
    The Scandinavian countries (Norway, Denmark, Sweden etc) have the best models I have seen for their people. Strong emphasis on social policies: education, health and quality of life issues, but at the price of high taxation which burdens capitalist incentive and innovation.
    But the guy is right capitalist greed is killing us.

  • gigi  On 04/23/2015 at 5:05 pm

    “How can we say capitalism doesn’t work when we haven’t tried it” – Ron Paul (my hero)

    We don’t have a capitalist society. We have a corporate welfare society that is propped up and bailed by the taxpayers who are expected to be beholden to corporations for providing them jobs because their labor has no value. Their value is the taxes they pay that goes back to corporations in subsidies, tax breaks, and a government put in place to do the corporations bidding. Free trade? There is no freaking free trade when govt intervenes on behalf of corporations – WHO, NAFTA, TPP(dear god please don’t let this happen).

    Philanthropy is another word for tax dogging, insider connections and back room deals. Like the Clinton Foundation that writes off millions of dollars in taxes each year while getting wealthy donors to give money for access to the government, to get government contracts, hob nob, and to keep the wealth in the family of the 1% so to speak. Like the Bill and Melinda Gates Foundation that is behind the big money making scheme of school privatization and testing, and technology focus, the never ending vaccination scheme that do more harm than good, and the private prison industry.

    Nonprofit, he says. Another get rich/stay rich money scheming word. Not that there are no genuine nonprofits out there. But the majority are shady operations that do not stand up under scrutiny. They are another form of tax dogging, nepotism and cronyism job providing schemes, insider connections, back room deal making, and shakedown artist types. Some also act as fronts for foreign govts to engage in clandestine operations. Missionaries operate in the same way and are the worst because they use religion as cover. Cultural anthropologists also operate in a similar fashion. They like missionaries are used as a guise to visit a country and collect information on the people that their govt uses to decide how to approach and reach out to the people to gain their trust before coming in for the kill. Beware of the trojan horse!

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