Core Viewpoint - The Trump administration's initiatives, particularly the Trump accounts, are seen as a significant step towards integrating more Americans into the financial markets, potentially reshaping perceptions of capitalism among younger generations [1][6]. Group 1: Trump Accounts Program - The Trump accounts program is part of the Working Families Tax Cuts provision of the One Big Beautiful Bill Act, signed into law on July 4, which includes a pilot contribution of $1,000 from the U.S. Treasury for children born between January 1, 2025, and December 31, 2028 [2]. - Robinhood Markets has committed to matching the Treasury's $1,000 contribution to Trump Accounts for eligible children of its employees, indicating corporate support for the initiative [3]. Group 2: Economic Impact and Participation - Approximately 38% of Americans do not own equities directly or through retirement accounts, highlighting a significant gap in market participation that the Trump administration aims to address [5]. - The initiative is framed as a merger between Main Street and Wall Street, promoting broader participation in financial markets and allowing average Americans to have a stake in capitalism [4][9]. Group 3: Future Outlook - Bessent expressed optimism for 2026, predicting it will be a very good year for the American people and Main Street, suggesting a positive economic outlook [8]. - The Trump accounts could reshape how younger generations view the economic system, potentially increasing confidence in capitalism through early market participation [6].

Bingo.The problem is that massive transfers from productive members of society via taxation enable the vast staff of elite universities to enjoy the benefits of capitalism while living under the illusion of communism.Crémieux (@cremieuxrecueil):To paraphrase the late Charlie Munger...There are only two places in the world where they haven't lost the pure faith in Communism:North Korea and the English department at Yale. https://t.co/YtITUuSFzz ...

RT Avi (@AviFelman)It’s true! Prior to capitalism there was no poverty there was just death.Now you can be completely useless and still live ...

While there are many more careers that capitalism doesn’t reward compared to those it ‘enormously rewards,’ a strong saving and investing strategy can make it possible for some to eventually achieve millionaire status. After all, as Munger pointed out, neither guru started out with a million dollars.“I don't think the wishing for the million dollars, though, is that — you know it just doesn't work that way, and I think, if you are lucky enough to have something that this market system rewards, you do very w ...

A wave of new books are all asking the same question: What went wrong with capitalism — and how do we fix it? https://t.co/2IakTz3ZEc ...

RT Rock Chartrand🤑 (@RockChartrand)Capitalism doesn’t assume humans aren’t greedy. It assumes they are and refuses to give them power over others.That’s the point.Greed under capitalism is constrained by consent. You only get richer by offering something others voluntarily choose to pay for. If you stop providing value, the money stops.Greed under collectivism is unconstrained. It’s backed by force. You get resources whether you create value or not, so long as you can moralize need or capture political powe ...

RT Maggie (@maggiemoda)Capitalism, not socialism, is the reason Scandinavian countries are so prosperous. https://t.co/GDxNEmP0qX ...

Historical Shift in Leftist Ideology - The left's stance on technology has shifted from pro-tech (as seen in the USSR and China) to anti-tech since the 1960s [7] - This shift is attributed to technology's decentralization, contrasting with the centralized state favored by communism [1] - The Western left's association of technology with a perceived "enemy tribe" (whites/males) further fueled this anti-tech sentiment [7] Tech and Capitalism - In the Soviet Union, technology and capitalism were separated, with STEM fields being individualistic pursuits unlike managerial capitalism [2] - Post-war America also saw a partial separation, with high tax rates and centralized STEM initiatives channeling talent into academia [3] - The development of the transistor marked the beginning of technology's decentralization and its re-integration with capitalism [4] Political and Social Factors - The Western left's focus shifted from the working class to a "wokest class," leading to a rejection of the traditional working man [5] - The decentralization of the left, potentially influenced by the CIA, favored abstract expressionism over Soviet-style centralized control [6]

If AI is going to be that successful in building productivity, uh we've all know all the amazing things AI can do that currently you need a human being to do. It of necessity involves far fewer people actually in work. Capitalism without workers is a very difficult concept.Uh and if you want capitalism to work with democracy, capitalism with workers is not an easy thing to get a majority of the people to go along with. I'm being a British understatement there. There's no way people are going to work going t ...

Capitalism's Evolution and Crisis - Capitalism has adapted through various models, including laissez-faire (1.0), Keynesianism (2.0), and Thatcher-Reagan era (3.0), each with its own strengths and weaknesses [3][6][7][8] - The model in force until 2008 crisis has perished, and a new model (Capitalism 4.0) is yet to take shape with clarity [5][6] - Markets signal to politicians when a model has ceased to work, as seen with the Great Crash, the inflation of the 1970s, and the 2008 crisis [10] Challenges to Contemporary Capitalism - Over-intervention by governments to minimize pain for markets and investors has ruined capitalism [14] - The expansion of the state, the culture of bailouts, and regulations undermine capitalism by entrenching incumbents and socializing losses [15][16][17] - Concentration of power in a few companies dominating the S&P 500 is a perversion of capitalism [17] - Productivity growth is falling off due to the loss of dynamism in capitalism, with constant state support hindering new entrants [18][19] Disillusionment and Alternatives - Approximately 70% of Americans believe they are unlikely to be better off than their parents, violating the American capitalist dream [21] - Many young people in America are disillusioned with the current form of capitalism and prefer socialism [22][23] Financialization and Liquidity Concerns - The degree of liquidity and financialization in the markets is seen as a problem by many capitalists [24] - Liquification and financialization of the economy have eliminated judgment and trust, leading to a version of capitalism that may not be better than socialism or communism [26]