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TYT - Is Latin America the model for growing the middle class?

TYT - Is Latin America the model for growing the middle class?

(7:40) A World Bank study shows that rapid economic growth and more inclusive social policies in Latin America over the last decade, have lifted 50 million people into the middle class, rivalling the poor in number for the first time. The Young Turks host Cenk Uygur discusses the findings.

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Guest: jeffrey (2128 days ago)
Latest comment: america is perverse everyone should enjoy the benefits of their countrys nat resources
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Latest comment: america is perverse everyone should enjoy the benefits of their countrys nat resources
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cengland0 cengland0 (2128 days ago)
At 6:26 Cenk states that America is at the other extreme with no regulation and people can just grab whatever they want and the guys that are rich and powerful get to keep all the money. Well, obviously Cenk doesn't understand how America and the capitalist society works. You can earn money in several different ways: Work, Invest, or Gamble. If you work, you then earn an hourly wage or get a salary depending on your job function. If you invest, you take risks. With those risks, some people become rich and others lose money. Then you can gamble your money by playing the lottery or going to Vegas and trying to strike it rich. Some people think investing is a gamble too. So in these, where is the take whatever you want method Cenk describes? Perhaps he means stealing it? Well then, that is highly regulated and illegal and if you're caught you will be prosecuted. Even in investments there are laws to prevent fraud such as insider trading. Please tell me of an unregulated method in America where I can grab whatever I want and keep it because I'll start doing that right away.
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Original comment
At 6:26 Cenk states that America is at the other extreme with no regulation and people can just grab whatever they want and the guys that are rich and powerful get to keep all the money. Well, obviously Cenk doesn't understand how America and the capitalist society works. You can earn money in several different ways: Work, Invest, or Gamble. If you work, you then earn an hourly wage or get a salary depending on your job function. If you invest, you take risks. With those risks, some people become rich and others lose money. Then you can gamble your money by playing the lottery or going to Vegas and trying to strike it rich. Some people think investing is a gamble too. So in these, where is the take whatever you want method Cenk describes? Perhaps he means stealing it? Well then, that is highly regulated and illegal and if you're caught you will be prosecuted. Even in investments there are laws to prevent fraud such as insider trading. Please tell me of an unregulated method in America where I can grab whatever I want and keep it because I'll start doing that right away.
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