ChickenLickn, I watched that clip and it is very interesting, but I think he makes the wrong analysis.
He seems to believe that it is a problem of capitalism and that capitalism inevitability veers from one crisis to another in a form of crisis capitalism and that the 'capitalists' then go about fixing the cuirrent crisis such as wage depression by issuing credit etc. which then leads to the next crisis and so the inevitable wheel spins on.
He says he is surprised that the number of billionaires in India has increased during this crisis and that hedge fund mangers have taken ever larger profits. He thought that because of the crisis it would be the other way around.
I'm not surprised that the rich have got richer at all because it has been deliberate and they have engineered their increased riches. They have not blindly followed the wheel of fortune as it spun from one crisis of capitalism to another. They have been spinning the wheel, they are in charge, they have engineered it.
Capitalism is not a blind force that works like clockwork, it is created by people and people are controlling it and they are manufacturing events. He seems to think that the only solution is to scrap this magic clockwork capitalist system because it inherently leads to uncontrollable crises of capitalism, but he doesn't seem to understand that people are the agents and power is the agent and the crises are deliberate.
Credit is deliberately increased so that people become indebted and then the elite can pull the plug and impoverish people.
Why do they do this? Because they are the elite, they are people and they want control and they want to restrict the power of the people. The same elite are the ones promoting the climate catastrophe story and for the same reasons of control and impoverishment of the people.
He rightly says that we have given too much support to the City and this has harmed industry, but he then makes the mistake of impying that we should scrap capitalism to solve this. But industry is capitalism too. The answer is to control and regulate those who are creating unlevel playing fields, those who are pulling the levers of control, not to overthrow capitalism. That would be like throwing the baby out with the bathwater. That would be like jumping from the frying pan into the fire, where Marxists would be in charge and would even remove the people's liberty.