Dave Ramsey breaks down capitalism vs. socialism

‘The Dave Ramsey Show’ host Dave Ramsey on the economy, capitalism versus socialism and the 2016 presidential election.
Watch Charles Payne talk about Elections on Making Money With Cpayne.

[@inboxnews]

The capitalism vs socialism talk begins at 5:10

[@aaronreeder5753]

inboxnews saint

[@r.weaver3769]

Doesn't matter Dave is a great speaker who wishes only that everyone prosper in every area of their life.

[@imbonnie]

thanks!

[@lykn6929]

inboxnews Thank you!!!

[@walterstraub150]

It's hard to find anything they say that isn't objectively wrong lol

[@seanmckee8106]

Capitalism is NOT the problem. CORPORATISM is the problem. Creating monopolies and buying politicians is bad for capitalism

[@yeaaboiii3002]

sean mckee this^^^^

[@prikipriki8847]

I think capitalism is corporatism, if we stop corporatism and share less or more equal, then we have some sort of socialism

[@bryanscruggs7566]

Exactly! Ramsey was spot on until he starting talking about anarchy. State involvement is what creates corporatism. This guy definitely does not understand objectivism, he was only taking a shot at Ayn Rand because he's a hardcore Jesus lover.

[@bryanscruggs7566]

No, socialism is more state intervention. You don't force people to be equal and hope it just works, and that's why it doesn't work where socialism is in place.

[@nomorewar4189]

Bryan capitalist belief - I guess you forgot about the Great Depression then. You see in your world if a country operates according to the “capitalist system” they should never go broke or experience financial downturns - when you hit the wall on your debt we’ll see if that holds true ok. In the meantime 50m on food stamps and another 50m working poor non of which can afford healthcare so they need to get Medicaid (socialist handout program?) so I would talk to loudly just yet.

[@welkcubnairb1478]

God Bless Dave Ramsey ! This One man, Saved my Life, after going thru a horrible divorce and Losing Everything, Was even homeless for a bit. I finally wized up ! And Followed his advice to a T Im now, completely DEBT FREE ! Thank you SIR !!!!!!!

[@EdTube444]

I'm debt free and didn't even know this guy existed.

[@hellatze]

@N B do you even know the purpose of debt ?

[@bobcharlie6711]

welkcub nairb God bless you. Testament to God’s love and your work ethic

[@hellatze]

@@bobcharlie6711 bless will not help a man. but bring denial.

[@dzordzdzordzinjo1840]

LMFAO...Dave save you??? That's exactly how he became millionaire. Selling bullshit books to people like you and brainwash you. Keep following him lol...let him "save you" even more hahahahaha

[@spconrad9612]

The wife and I started Dave's common sense approach to money (the way our grandparents handled money) three years ago and are much better off. No more paycheck to paycheck. Cut up the credit cards and live on less than you make each month. Get out of consumer debt. 3 month emergency fund, saving for retirement, saving to buy our next car with cash (no more financing things that go down in value). Praise God - love it

[@vildachaya6462]

I’ve operated that way from time I started earning. Hasn’t let me down yet

[@justmedrea4361]

Black ppl don't need handouts. We need ppl like Dave Ramsey. He shows ppl how to start off with nothing, get themselves out of debt, and create wealth for themselves. I've been listening to him for a year now. If we listen to him, will see how great this country can be for us too.

[@shaggycarton6362]

Share your story with the world

[@bluewater454]

Love Dave. He is the consummate optimist. He doesn't just talk to the head. He talks to matters of the heart as well. Hope is so lacking in the US these days. Socialists have been cramming pessimism, class division and antipatriotism in the US for decades now. It has, unfortunately, been taking hold in our culture.

[@americanpatriot4080]

Dave Ramsey helped me become debt free in 3 years, home paid off, now I can save and give. Thank you Dave Ramsey.

[@wwsch]

Capitalism is not a political system, it is an economic tool.

[@overdrive7349]

And it works

[@Bisquick]

Politics and economics are two sides of the same coin of distributing and allocating power. The only purpose of pretending they are not intrinsically linked is to convince people to look in one direction so you can rob them via the other. Even Adam Smith knew this and consequently argued for a strong democratic state to keep capital's power in check. Might wanna read Wealth of Nations.

[@uncleclem7381]

SayWhaaat? Yep it works. Minimum wage is 7 dollars per hour in some states, workers are being taken advantage of, and large, greedy corporations have monopolies over portions of the market. But if it works it works, right?

[@nomorewar4189]

OVERDRIVE73 - every system has its limitations - failure recognize that by those who have profited has seen environmental degradation and human suffering.

[@MRGF78]

@@uncleclem7381, minimum wage isn't a life goal... it's a starting point... if there's no opportunity to move up, don't short yourself... find another job... employers offer a wage, but it's your agreement to work for that wage, or not, that sets your pay... don't complain when it's what you agreed to work for... if you think it's easy and greedy to own a company and profit from it, try owning a company and try to break even... 🤦‍♂️

[@andrewheffel928]

I like Dave Ramsey a lot. Work hard. Save all you can. Give to charity all you can. Hate debt, pay your bills off early. Delay gratification, do with less today for a better tomorrow. All boring and unpopular, except it really works. It has to be a lifestyle, a deeply ingrained way of living, and it will take years, but it will result in ending up with surprisingly more than you think possible. And you do not need to have the income of a doctor, lawyer, engineer or business executive to do it, just a decent job and a lot of self dicipline.

[@LAStreetPreacher]

As Margaret Thatcher once quipped: "The problem with socialism is that eventually you run out of other peoples money."

[@kripkenstein5294]

Brother Carlton nonsense

[@howarddennee4643]

Ethiopia, Haiti, Liberia, Afghanistan, the DRC, Guatemala, Honduras, Syria, Iraq, Libya, Western Sahara, Somalia, Equatorial Guinea, Zimbabwe, Yemen, Turkmenistan Capitalism failures..

[@Ciph3rzer0]

But what happens when you short, quippy, and wrong bumper sticker logic?

[@abelkhan196]

@@kripkenstein5294 you don't know how the world works...

[@abelkhan196]

@@howarddennee4643 stop lining up these "failures" And name me one socialist state that actually worked!

[@chrisc5407]

I sold my cars I didn't even own after listening to DR's Podcast.

[@bigblue4364]

Did you get a commission?

[@annetteconant8234]

God bless Dave Ramsey. Since we read your book" "money matters" we have made our money work for us. We will be debt free by incomtax time. My husband, when our children were young, gave them your book and told them after they read it he would give them $100. Each. That was 11 years ago. Our children will be able to live without us. That means we have adults. They cannot go far from their teaching with the knowledge they learned in their Dave Ramsay book. WE WILL ALL HAVE FREEDOM. Thank you Dave Ramsey! One of our children told us to call you next year. We didn't always do the plan perfect but Dave's techniques make it easy enough to get back on track. Once you see accomplishment it gets you excited to do more and better each time. God bless you Dave Ramsey and the rest of your family. You have cha GED lives!

[@leonardcantrell5662]

Thank You, Dave, A blessing

[@martinsoderlund5674]

Anarchism - Abolishment of hierarchy Socialism - Workplace democracy Capitalism - Workplace plutocracy

[@christianforbes289]

Everyone in the nation, even world would GREATLY benefit by watching this video. These two men did a great job with this.

[@_mz_c]

Calling Bernie communist is unhinged

[@buffymcmuffin5361]

"Socialism works until you run out of other people's money." (Ask Venezuela about their Socialism)

[@jlemon22]

Yeah because Venezuela is the only country in the entire world that is socialist. False. How about the rest of the developed world.

[@MrAceman82]

Jason: which country? Even Cuba now starts with introducing private ownership and liberalization of the market.

[@jlemon22]

Aleksandar Kolev Europe. Denmark for example, ranked happiest country. Socialist.

[@MrAceman82]

Jason: N B is right, Denmark is far far away from socialist country Finally to agree with N B about something :). They are social democracy - used capitalism as economic model, and as political model is wealth redistribution with various welfare programs and draconian taxes for businesses. Also Denmark is ranked with the highest suicidal rate. How could be the happiest, and the same time to be leader in suicides.

[@MrAceman82]

N B: Stop distorting my words. You beat only my shit. I don't have time to waste to explain something that is already explained. The capitalist don't hate the democracy. In capitalistic society, even the workers can buy stock shares. Many rich are first generation wealth people, started own business in the garage. The private ownership is the most important right, and no one have right to tell me what to do with my money or my business. Again, please open own commune and start business with your philosophy, and then speak again after one year. We have seen many state factories what did happen. I would recommend to read "20th Century Factory" story by Ayn Rand, it was exactly what did happen in many state factories in my country.

[@IWashMyOwnBrain]

The weaker and lazier the bigger the socialist.

[@earlpierce7173]

IWashMyOwnBrain that means the largest corporate owners and bankers in this world are the laziest, because they are receiving the largest social subsidy of anyone.

[@plingus63]

IWashMyOwnBrain I think Fox News washed your brain :D

[@MrAceman82]

Very true, weak minds are prone to socialism.

[@lolwtnick4362]

meh true. but supporting the "weak and lazy" beats down the arrogant and gets you to the top.

[@howarddennee4643]

Ethiopia, Haiti, Liberia, Afghanistan, the DRC, Guatemala, Honduras, Syria, Iraq, Libya, Western Sahara, Somalia, Equatorial Guinea, Zimbabwe, Yemen, Turkmenistan.. Capitalist failures

[@CeeLiberty]

So true! Socialism has been fed throughout the school system now for generations. Not just in colleges...but in the elementary level as well! It's one of the reasons I left teaching. I couldn't stand the indoctrination that was everywhere! Just awful!

[@hometowncook6970]

Socialism in america started in 1776, when we send the imperial corporate capitalists back to England....maybe you don't understand what Socialism is...nor the many types

[@mikemarks9]

@@hometowncook6970 there's only one type: Big Government taking over every individual citizen's life

[@mikeramos91]

Can you give examples?

[@emilioorozco5891]

I'm nearly done with highschool, and let me say that the opposite is true. Not only did I explicitly read books that bashed the soviet union and it's attempt at communism by reading books written by Orwell, but the entire system is based around capitalist values. Teens are pitted in a competitive manner, where they compete for the best grades and scores. We are strongly discouraged from helping eachother, and instead worry about our own grades. Capitalism breeds greed over helping lift eachother up

[@hometowncook6970]

@USN Patriot hyhahahahhahahahhahahahhahhahahha...you had to be looking in a mirror when you wrote that one....hahahha its amazes me how people are brainwash and don't understand the simple things that made this country great....

[@wrsawy]

If I work hard, and earn my own money, I should keep it,,,, simple!

[@Ciph3rzer0]

So you agree that capitalist shouldn't be able to steal the value you create by doing nothing?

[@kianaprovost182]

@@Ciph3rzer0 No when someone owns a busissnes they get more money because they invest more money into the busissnes than the worker. For example let's say Peter opens a bread busissnes he has to pay for the building to build the bread in, the bills to keep the building running,ingredients to make the bread ,advertisements and packging all the worker dose is make bread so they would get less money.

[@reecemorton4786]

@@Ciph3rzer0 the owner can’t STEAL anything. it’s implied in the word OWNER

[@hibryd7481]

You're exactly the sort of person who needs a system to look after him. You know the sort of person, they're just uh,,,, simple!

[@getnanoed]

@@Ciph3rzer0 so CODDLED U ARE LOL

[@RobertHamiltonhawaii]

Great point. The wealth-redistribution idea encourages people to sit back and wait for it to happen instead of going to work to make it happen.

[@minty6347]

Capitalism has factually NEVER had fair or equal wealth distribution. But by all means, keep being a puppet for the rich. It's a small billionaire club and 90% of the American population isn't nowhere near being a part of it.

[@arniepark721]

Isidro Leal u sound broke

[@arniepark721]

And ungrateful

[@jacobb3784]

Isidro Leal that’s because capitalism isn’t a redistributive system. It’s a system of individual liberty and values that holds you to a standard of worrying about your own Wealth and yours alone. You people don’t understand a thing about basic economics. You think individual liberty is an issue for some reason and that working a job you don’t like is some sort of exploitation of your life. What you fail to realize is that your success depends on YOU and what you do with your life not anyone else. You’re not entitled to anyone’s money or property, and this idea that you think you get to decide how money is controlled is ridiculous, selfish, and evil.

[@TrisjensChronicles1203]

@@jacobb3784 Say it again and a little louder for those in the front!! I love this "Your success depends on YOU" So many people don't want to hear this. But it's the truth.

[@catpirrello]

"It can still be done." Thank you, Dave.

[@justsomeguy3565]

I don't trust people that sound like they're selling me something.

[@floridaaholbert2268]

Man doesn’t make you increase, God does! Trust Him He is real!

[@LynnTharp1971]

Those two guys make a great team. I'd like to see more segments with them.

[@KeithCindyPanama]

Dave Ramsey 2024 Keep the economy growing!!!

[@midnightbangs5320]

I'm here in 2020. Trump needs to win.

[@WhiteKitta]

😊☝️⭐😜 Trump will be Triumphant!

[@miamivlad]

Trump Train 🇺🇸🇺🇸🇺🇸

[@rl7495]

This is an excellent video. I think it is important that Dave Ramsey drew a distinction between capitalism and anarchy as he called capitalism without morality. Obama was and is bitter at the private sector of the economy, perhaps for legit reasons, describing it in his book 'Audacity of Hope' as "four years behind enemy lines." I have to agree that in capitalism there is much monkey molasses, having worked 6 years with three different companies as an engineer. Corporations are run, sooner or later, by ladder-climbing, corrupt, dismissive, heartless, indifferent, and/or incompetent executives and supervisors. I work where I am wanted, and capitalism lets me do that.

[@sandikennelly1357]

Most people don’t know that Obama signed onto a G7 or G8 agreement allowing the Federal government to raid the bank account of Americans in the event of another financial crisis. Research it.

[@eliasbabich1938]

Wanna see what socialism did to Alberta Canada in four years?

[@scottmichael3745]

Pass! Thanks.

[@cloudlight5363]

I would like to see this

[@rb88dhb]

Elias Babich yes plz! I know it don’t work anywhere(socialism)!

[@andre5468]

Want to see what the UCP will do to Alberta in 4 years?

[@Simboiss]

Alberta is not socialist, Canada is not socialist.

[@charlessands6933]

I have always thought it strange that we always hear of the greed of the rich, while never or almost never hearing of the greed of the poor.

[@MrJigarparmar]

Very Good Quote

[@vinyllpreviews9462]

I told that to a socialist friend of mine, how is wanting other peoples money not greedy?

[@randomcommenter3819]

Ok... greed by definition is wanting MORE THAN YOU NEED. Socialism wanting everyone to have the basic Essentials to live is not greed. Wanting people to not starve or be homeless or die of treatable diseases, isnt greed. Wanting to hold onto a surplus of money that you dont need in exchange letting your other humans die is by definition greed.

[@charlessands6933]

@@randomcommenter3819: there is the problem though. Who determines how much you need if I go out and I work and I make a decent amount of money and I can determine what I want to buy. If I want something that I don't need I can buy it if I can afford it. Under socialism I probably won't be able to get that thing because it's not determined to be in need. Who wants to go through their whole life letting the government determine whether you get something or not? Many more people are in poverty and have been in poverty and starving and all these other things that you mentioned under socialism and or communism than ever have been under capitalism. Under capitalism more money goes to Charities and other helpful agencies and personal donations and personal people helping each other out then ever goes out threw socialism because people have more money to deal with on a personal level. Also, without capitalism you ultimately have slavery. If I work and I work and I work and then the government's going to take on a 30 40% of my income or whatever for all these social programs to give to other people to try to equal things out. Well why should I work all those hours just to have it all taken away and given to people who are able-bodied might not but might not only want to work maybe 20 hours a week? Now remember here I'm not talking about people who can't work due to mental or physical disability or age or whatever. We have a moral obligation to help those people and we do on a regular basis. But under socialism the government decides you don't need this you do need this and you can only get this on Tuesdays and Thursdays and Sundays well what happens if I want more can I work to get more but that's apparently being drawn now because since Billy can't have you shouldn't be able to have it either. that seems to be the trend in our world society.

[@vinyllpreviews9462]

@@charlessands6933 and who decides what's more than you need? Oh ya, you get to decide.

[@charlesloomis2224]

Ann Rand's capitalism philosophy is about "you first" and others "second." It isn't others first, and then you second. You should benefit first from your hard work. What benefits you, will benefit others. Not the other way around. You could equate the philosophy to "pay yourself first."

[@Sinnerswing]

Venezuela. Socialism has screwed up that place.

[@yutyuiiu]

Jason Lopez authoritarian has socialism has made Denmark, Sweden, Netherlands very successful. Canada has socialist idea and has more success of moving poor people up the ladder than America (FACT)

[@nomorewar4189]

Jason Lopez shows you total lack of understanding - you couldn’t even define socialism since there are different levels and some are mixed with capitalist ideas as well as democratic based. Therefor you have what’s called democratic socialism.

[@NNAATTYY1974]

Jason Lopez it's a communist country. Not really socialist.

[@hellatze]

@@yutyuiiu that statement are factual moron. The denmark, swedish, nordic use capitalist system. You still have your private property.

[@hellatze]

@@NNAATTYY1974 then show me your knowledge about communism.

[@timpickard3946]

It still brings happy and inspired tears to my eyes when watching someone succeed through hard work and determination. I believe in the social programs we have in the US but this newly sensationalized ideology of Socialism is promoted by promising that government should give you what you want is disgusting. Nobody wins nobody looses undermines the will to do your very best.

[@Ciph3rzer0]

So surely you're not impressed with the Walton family, Koch brothers, and other trust fund babies? What about the shareholders with vast sums of money that steal value from the hard working laborers?

[@rb88dhb]

Tim Pickard exactly what “social programs” do you believe in? Just curious! We need smaller Government and less programs(cuz TOO MANY ARE CORRUPT, like PLANNED PARENTHOOD!) so honestly curious as to what programs you believe in and whether or not they are truly GOOD?

[@azucar4645]

@@Ciph3rzer0 exactly!

[@rightousray2]

Well said Dave!

[@kayroperez8632]

Dave Ramsey is phenomenal these guys are awesome hard work pays big

[@paulaking8668]

im looking at this in 2020 and im alot more satisfied with government that i was when this aired.

[@russellpottenger8584]

It boils down to creating a system that creates equal opportunity rather than focusing on equal results

[@Don-Fernandez]

I’m telling you. We all need to listen to Dave

[@jimmckinley8670]

The Dave Ramsey I like him!

[@modelospecial6624]

If you want to be a socialist, don’t buy anything from a capitalist🥴

[@-Wreckanize-]

Bernie Sanders walks into a bar - "Free drinks for everyone" Crowd " Hurrayy" Bernie Sanders - "So who's paying?"

[@meb280]

An alternative ending to the story is Bernie shames the bartender into paying.

[@kylecrowson4033]

The person paying would be someone with more money than they could ever spend in multiple life times.

[@tyrvinodinson9790]

We all did, we pooled our money, and everyone got drunk and had a merry time, except for the people that wouldn't pool their money, they got kicked out into the street

[@tyrvinodinson9790]

It wasn't free, but everyone gave a portion, and we had a great time. Where were you?

[@minty6347]

That's not at all how socialism works lmao

[@actualideas8078]

It’s easier now than ever to become a millionaire because of inflation caused by government money printing

[@hfarthingt]

Same Shirt Different Day This! 1973 the year my mom was born $175,000 was the equivalent of $1,000,000 in 2019

[@Luke-md7up]

It’s not as complicated as he puts it... capitalism is purely, you have the freedom to make things, I have the freedom to buy it. Capitalism is merely the freedom to do what you want economically

[@Maviiih]

Exactly. FREE market. Free to choose who you will reward with your money for making the best product. Each day we “cast a vote” with each purchase telling the market who is worth making business with and who isn’t. Truly remarkable.

[@rasheedjello]

Such a free market when like 10 corporations own most of stuff

[@dreg5845]

Everyone is not the same so don't expect everyone to achieve the same. Its nature. Captilism works because it encompasses nature

[@minty6347]

LOL. Try reading a textbook about capitalism some time. What you just said has 0 to do with capitalism.

[@nickwilson3499]

Isidro Leal we get it, the marxists in the universities have brainwashed you.

[@dreg5845]

@@minty6347 Ut has everything to do with capitalism. In 48 and gave read many texts. More importantly, I live it!!! You have winners and losers in life. It always comes down to individual attributes.

[@vildachaya6462]

@@minty6347 free markets allow growth because the incentives are there. Who would bother trying if you got the same as anyone who does the minimum

[@DraRed73]

He argues for capitalism and then goes right ahead and states it is only capitalism if it is done for the public good. Face palm right there.

[@jaydeecee1643]

The reason capitalism works is because it gives freedom to the individual. ANYONE can start a business.....Those who wait for a handout...will NOT succeed. People who are passionate and inspired do well.

[@hope4surf]

This is GOLD!!!

[@miwatson007]

Ayn Rand was not about plundering you dolt. Ayn's philosophy was in line with what you are saying. When you act first in your own self interest by developing a quality product or service, and then sell that product or service to other people at a price they are willing to pay, then society's best interests are served.

[@hackptui]

I've been a Dave Ramsey fan for a long time, so hearing him say that is really disappointing.

[@mikejohns777]

It is what people try and say to be "balanced". I just trashed socialism, so now I have to trash the extreme opposite to somehow prove I'm rational and in the middle. What is the extreme opposite? I don't know but I'll name drop someone people have heard before. Of course, it is BS and it shows a bit of the character of those who say it. You'll find plenty of republicans who do it when they act nice to the scum that treat them like trash. You'll see democrats do it when they flat out lie that they aren't radical leftists. Call them on the facts in those areas and they make fools of themselves. Nobody ever calls them on that... Pretty weak. Dave Ramsey can't carry Milton Friedman's jock strap.

[@scottfranco1962]

"you've never had people in power make other people weathy" sure, but people in power are quite able to make themselves wealthy. Bernie is a good example.

[@stevenfeketejr.7361]

Dave and this guy are so great.

[@CRE8TIVE82]

Love it. Dave is right on!

[@roxnozlynx98]

There is no difference between the principles, policies and practical results of socialism-and those of any historical or prehistorical tyranny. Socialism is merely democratic absolute monarchy-that is, a system of absolutism without a fixed head, open to seizure of power by all corners, by any ruthless climber, opportunist, adventurer, demagogue or thug. -Ayn Rand

[@anubisgod23]

I think you need to do some research and educate yourself a bit

[@lisafeck1537]

Socialism's goal is to erase the individual. When I first heard that, I was not too concerned....but now I have a grasp on what that means. People should be terrified of socialism.

[@lisafeck1537]

It's 2020. I pray people are listening now.

[@getnanoed]

Yasss!!

[@Cyqnide]

People won't. Only way is when this country turns into a socialistic country people will then realize.

[@coffeedrinker1996]

Almost 4 years have gone by an already can proove capitalism works with Trump's policy.

[@grantwatson9992]

Thank God someone realizes this

[@lucarekcoz337]

How so? Everything has gotten worse except for trump not really having started any wars yet. He already cut support for poor and middle class and cut taxes for the rich and big corporations. We need a new not pro big business president.

[@grantwatson9992]

@@lucarekcoz337 Not true. I'm a middle class citizen and Trump's policies have made me money. You are probably judged Trump on what he says. I don't care what comes out of his mouth because what he says doesn't affect me, what he does does.

[@lucarekcoz337]

@@grantwatson9992 No I look at the policies he as implemented/not implemented. I don't look at single cases I look at the whole low and middle class.

[@grantwatson9992]

@@lucarekcoz337 then do some research, the unemployment rate is the lowest it's been in years, Hispanic employment is the highest in years, same for African American etc. This cannot just include a small portion of the low and middle class, it has to be a large portion

[@meb280]

Ramsey makes an excellent point - Capitalism that thrives and that people want to live under is unselfish. If you are in it to makes tons of money rather than be of service to your fellow human beings, you are not a Capitalist in the best sense of the word. Go out to serve rather than to be served. Start a business where you are providing top notch service which people need and taking satisfaction in helping people out along the way and you will have a business that people will flock to. You will have customers that love doing business with you.

[@doppioquerna9389]

It's not capitalism vs socialism. It is capitalism and socialism vs private interest propagated by nepotism, bribery and lobbyism (the corporate form of bribery).

[@16grand]

I didnt know it was possible for everyone to be a millionaire

[@Mrbfgray]

Of *course it is* !!! WTF universe do you live in?

[@PInk77W1]

“The only way u can do good with other people’s money is thru force.” -Milton Friedman

[@felixfelsmann651]

dumbass

[@ravindranathnikunj6164]

Many American even don't know what socalism or captlism is

[@dostthouevenlogicbrethren1739]

People here in Canada are obsessed with our Canadian Pension Plan as a good way to prevent people not having enough in retirement. The problem with relying on government for guaranteeing your retirement, is the mandating of how much, or how little they allow you to earn. Average CPP retirement payments in retirement? $625/month. Good luck living on that in retirement.

[@douglasthompson9482]

Dave Ramsey is the best...tells it how it is.

[@99hadj]

"If you allow the negative voices to cause you to sit in your cave and suck your thumb, you’re going to starve. You have to get up, leave the cave, kill something and drag it home."

[@lbear3321]

Ayn Rand also agrees the market place will purge the crooks. The way Ayn Rand uses the word selfish is misconstrued. Doing the right thing is selfish in that you feel the need or have to fulfill doing the right thing. Often times we use words like 'selfish' figuratively instead of literally.

[@Mrbfgray]

Tricky semantics here but I take Ayn as making a distinction between a broad sense of self interest (selfishness) which should include every aspect of the local environment, the entire planet, vs *self centered* which is the place of an infant or fool or psychopath.

[@lbear3321]

@@Mrbfgray You're being selfish defensively right now. Care to prove exactly what Ms. Rand meant without hyperbole?

[@Mrbfgray]

@@lbear3321 Not defending anything you clown. Prove what someone meant? Read her work it's clear. I described my take the best I can. Typically "selfish" is used as *self centered* , simple narrow and childish, obviously NOT how Ayn uses term. She uses it as the opposite of self sacrifice. Get it? To run into a burning building to save some one you love would be selfish, to do so to save someone who preys on you, someone you properly hate, might be self sacrifice which is not necessarily admirable. To steal might be self centered but it's not selfish if one understands theft to damage local society you are a part of and/or degrade your own self respect. A selfish person sticks to their principles for their own reasons, to protect their own value.

[@lbear3321]

@@Mrbfgray Clearly you have no idea what objectivism is otherwise you'd know why running inside a burning building is objectively selfish. Since you want to use terms like "clown" and pretend to be some kind of intellectual with reasoning that doesn't coincide with objectivism just shows you like to comment on other people's posts to start a flame war instead of, perhaps, 'learning'. Go spam someone else, show off.

[@lbear3321]

@@Mrbfgray The internet isn't meant to be used as therapy. If you can't afford a professional to talk to maybe not try and vent on strangers. Find a friend or relative. At least someone you know.

[@AMelvin]

Why don't you invite people from Eastern Europe? I think we know way more than any of you about socialism

[@redwater4778]

They may want to live their lives without the migrants

[@MrAceman82]

N B: Just continue believe it in unicorns. I came from ex-communist country. Any kind of collectivism, including socialism, ends with dictatorship. Why? Because every individual is unique, with different opinion and different needs. And people wants to be rewarded for their efforts, not share their rewards with others. Go build own local commune, and you will see what I am talking about.

[@redwater4778]

Alek Could you name a socialist country that turned to dictatorship?

[@redwater4778]

NB Untaxed capitalism ( Corporatism ) is bringing about the end of the white race . It has already ended the nuclear family . Mom's stayed at home and raised kids once .

[@MrAceman82]

ice water Let's begin: Yugoslavia with Tito, Cuba with Castro, China with Mao, Romania with Chausheku which was killed by the own people, the list goes on.....so long

[@stevengarrad4725]

He's been around a long time with success , his words are creditable!

[@Ciph3rzer0]

Lol not really. I've heard a lot of other people say that outside his very functional, very common sense program that anyone could do for free... He doesn't have the best economic advice. In this case, he's just as dumb as every brainwashed American about socialism.

[@kenbrohere]

I disagree.

[@barbarradevlin9111]

To all that make the argument that Scandinavian countries are socialist: They’re not. 1. They rely on a heavy private market capitalism system for their country. 2. They incorporate a public social safety net. This may seem likes it’s socialism, but it’s neither solely owned by socialism nor capitalism. This can be put in place by any economic system. It happens to work the best in a capitalist economy, as we see in Scandinavia. 3. In Sweden, for example, about 50% of the education system is privately owned. How do they compete with public schools? Vouchers. Parents and students have the right to go to whatever school they want to with their tax dollars. Yet they have some of the best schools in the world both publicly and privately because these schools are competing for govt money. It’s playing the subsidy game but with the people actually in power. This is a classic argument of pro capitalists. 4. Healthcare in Sweden is both public and private. Yes, they pay high taxes, but people are willing to do that so that if some bad happens to THEM (not necessarily concerned about others), they will be taken care of. 5. It’s actually much easier to be an entrepreneur in Sweden than in the US. Due to the social safety net they created. There is more incentive to go out into the market and make something, and SERVE the market. The market still gets to naturally make its decisions as well. In the end, we should be looking up to Scandinavia countries and how their model of capitalism, instead of misleading people into the lenses of socialism. Social democracy is heavily needed in the US. I’m willing to pay high taxes so that EVERYONE HAS AN EQUAL PLAYING FIELD, BUT DIFFERENT OUTCOMES. If that “ain’t capitalism” than you’ve been a sucker to crooks your entire life. Crony capitalism in America needs to go, no one should be sitting here trying to defend crony capitalism and crooks. Yet, no one should be trying to defend an economic ideology that has failed in every country it’s been tried in called socialism. We need to enforce as a society Equal opportunity, not equity. It’s time to tear down the party lines and stand up together as AMERICANS and defend this. We need to fix our system for the better.

[@bobberino4775]

Im gonna be honest I stopped listening when he said Bernie was a complete communist and Hillary was right with him

[@aaronvenegas626]

Cause it’s true

[@Chris-pq6hz]

me too

[@SandfordSmythe]

His schtick.

[@africanconservative2897]

Dave’s a believer therefore a money genius!🙌

[@lcoi-3200]

I dont think that's how it works

[@butteredbread100]

This video and these comments are proof of how oh so little Americans know about ideologies and the economy in general.

[@sayedalaaal-mosawi3850]

Haven't most of them always . . .

[@Ciph3rzer0]

How can you blame people when there's a vast Koch propaganda machine bent on spreading lies?

[@spconrad9612]

Personal economics is simple you, that is all he is saying. Live on less than you make each month, keep to a written budget, have an emergency fund, save for retirement and buy consumer goods with cash, don't finance. In three years I have more money than I ever have had by disciplining myself and living by what he teaches. Who have you helped?

[@Krooksbane]

I guarantee that not one person in this comment section has read one word of Karl Marx. Guaranteed.

[@Krooksbane]

Luke Daly Haha, exactly.

[@coyote520]

Dave Ramsey 2024!!!!!!!

[@greenleavesofsummer9673]

Here we are 2019 and debt is WORSE. What to do? Dems a big problem.

[@foxxymoxxy2433]

Shouldn't have to talk about it . Its United States of America we don't do socialism.

[@jamesemerson9557]

Agreed we have an Oligarchy.

[@adrianfisher3349]

I'd say that at best, Socialism is a desire to ensure equality of outcome as opposed to true capitalism (free market) is the philosophy of equal opportunity.

[@aftermath4096]

+Adrian Fisher equality of outcome = communism equality of opportunity = socialism You don`t have equality of opportunities in a capitalistic society because there is no social net and not everyone is born in the same environment. If you think about it, inheritance (which is at its peak in a capitalistic society because wealth has the most extreme distribution) is the most anti-american thing you can do, it is the complete opposite of the self-made man philosophy of the west.

[@adrianfisher3349]

After Math I don't understand how equality of opportunity can be considered socialism. It means a respect for private property rights and lack of restrictions to enter the market in that sector. Would we have many of the developments we now enjoy if we needed to ask the public servants in the government for permission to do things?

[@aftermath4096]

Adrian Fisher because you don`t have the same definition of equality of opportunity than me. I include circumstances of birth, you do not. Also, I didn`t judge which of communism, socialism or capitalism is the best. Both socialism and capitalism have pros and cons. But all in all, socialism strive for equality of opportunities, and it does so by imposing some restrictions (the contribution of everyone to the social net). Its just not true that capitalism strive for equality of chances though. A child born in a rich family will have a much easier time accomplishing certains goals and will even sometimes have undeserving privileges that a child born in a poor family will never have. Socialism tries to minimize this discrepency by redistributing part of the wealth.

[@adrianfisher3349]

After Math No system of government that fails to recognise and respect basic rights and liberties of people as individuals can be considered as moral or any form of objective definition of good. Socialism comes in different forms, two of which are communism, and fascism. Socialism, by your own admission has no respect for the rights of the people as individuals so if the people are deprived of their birthright, to be free, they must be slaves. It's not possible to create an organisation with rights or authorities greater than those that created it. I could not create a company and lawfully grant it the right to send people into your home to take your belongings because I don't have the right to do that. If one man does not have the right to do that then it follows that no group of multiple men can do that either, unless of course, you enter into contract to agree to it. If you believe that people have the right to an amount of money or other resources up to any arbitrary level then you don't believe in the rights of people to own anything at all. It's just that simple. We're all born with the right to do anything we want as long as we don't harm anybody else and as long as we honour all contracts we enter into.

[@aftermath4096]

Adrian Fisher I understand your point, but you only talk about absolutes, like everything is black and white. I can do the same thing. In a society with no social net and absolute liberty, the word society doesn`t make sense. You would live in a place with very little compassion for others who are born in worse circumstances than you. Sure, you would have complete liberty, but you would also treat birth like a lottery. This is a very bad thing to me. I don`t want to live around ignorant people or sick people who are stuck in the system, I want them to have at least the chance to educate themselves at university (without risking insane amounts of money thereby becoming debt slaves if their education doesn`t pay off) and be treated like humans if they have a disability or become sick. I didn`t choose at birth my country, but now that I'm older, I choose to stay here and sacrifice a part of my freedom for the benefit of the community, for the better.

[@swayman49]

Dave for President!!!

[@tarotmagicianpatronandetsy2575]

Dave made a great point on why Capitalism is the system for the people and not the other way around. It’s a shame that few understand this to be true, I feel it’s due to a lack of financial knowledge.

[@bobby33x97]

Calm down Dave! The Market tempers man's avarice and channels it into providing to the consumer. It is govt interference that makes the Market distort.

[@michaelgrant169]

Free market rubbish. Feeling free when miserable. Progression. All economic systems come to an end. Global capitalism exists today.

[@jaymacdonnell4730]

262 broke Music and Art majors working at Starbucks....

[@MrAceman82]

300 now :)

[@terrydriggers5217]

They demand $15 hr too!

[@lizardkid2234]

The people for socialism went out to buy a Starbucks coffee rn.

[@danieskamendez6455]

Lol that is so true.

[@SandfordSmythe]

And?

[@jaymeonjones9831]

@@SandfordSmythe Is it cool to buy Starbucks when people cant afford basic health care? 🤔

[@elliottpowell5130]

@@SandfordSmythe Starbucks only exist because of capitalism the point is people who are “for” socialism/anti capitalism live a capitalist lifestyle it’s hypocrisy

[@geoengineeringakachemtrail9365]

Best thing I've hear dave Ramsey say .👌

[@TheWinterShadow]

“The problem with socialism is that you eventually run out of other people's money.” ― Margaret Thatcher

[@QCPW]

All this talk about how bad Ayn Rand is makes me laugh!!! I love her philosophy!

[@victorc824]

Let’s ask a capitalist billionaire about his opinions about socialism. Edit. “Well you know, the Bible...”

[@barrymckeown5783]

he isnt a billionaire he is a millionaire he also went bankrupt and lost all then done it again so he done it twice but hey i guess its easier to be the poor victim than take responsibility for your own life hey Alex?

[@MrHtowntrucker]

It's very easy to become a millionaire when you have multiple income streams, but some of us have to work for a living.

[@MrHtowntrucker]

@Mr Curry not complaining about Ramsey's wealth but he makes it sound like everyone should be able to do it.

[@harshitmadan6449]

You don't have multiple income streams. You build them.

[@LordHollow]

There's nothing stopping the average person from creating multiple streams, though. There was a time when Dave only had one.

[@billcorbell5362]

So what's your point?

[@coopsnz1]

In Australia multi millionaire are political leaders and union leaders

[@michaelp5385]

The world will never end.

[@chriswasinski4591]

love D Ramsey

[@chopper680]

Socialism works in two places in heaven where they don't need it and hell where they always had-Ronald Reagan

[@Ciph3rzer0]

Ronald Regan was the turning point in our society. MAGA!!! You know, again like when it was progressive and not bent on oligarchy by fossil fuel tyrants.

[@ideacrafter]

It's now 2020...this is ALL still true and happening today!

[@kimberlywiederhold627]

I didn't think that we needed to make a rule about not forming theories based on a fiction book you read. On socialism: it males everyone equally miserable.

[@Adam-fj3tu]

Why would I care what a self-help guru with a bachelor in finance has to say about economic theory? If I wanted to know about Marxian socialism I’d ask someone who was well studied in Marxian socialism and if I wanted to understand Austrian school capitalism I’d ask someone well studied in Austrian school capitalism, not some guy with some personal budget advice.

[@darthvader7888]

Capitalism: KZbin, facebook, the computer you're reading this on, etc. Statism: 400 million dead people in 100 years.

[@WmGood]

Taking government out of business is like disbanding the police forces in a major city. History has shown us time and time again that once private industry is left to its on devices without oversight all hell breaks loose. Anyway, the subject of capitalism vs. socialism is in reality an academic exercise. Is there something unholy about having safety nets in the wealthiest country ever in history? Are the people an asset or or they a liability when things go bad for them? Should people have to sell everything they've spent a lifetime working for in order to pay for medical treatment? What's fairer, your tax dollars going to a military contractor for the new model of the latest weapons that cost billions each or taking care of those you need it? 99% of all people in America want to EARN their living. Corporate America could care less about their workers. It's true. Laying people off is a favorite board-room game. OK, and if people are only as good as their paycheck, are we to believe that a CEO is is worth 500 times more than a worker??????

[@grantjohnson5785]

You make perfectly valid points. You do. That is why we do not have a purely capitalist system. But I don't think very many people are arguing that gov't should have NO involvement with the economy. Just *less* than it has had for the past 2 decades. Businesses, for all their faults, can respond more quickly to changing market conditions than government can. They are *more efficient* in general. I have no issue with safety nets in general... but too many people have become dependent on them, or blatantly abuse them. As for health care, no one would say it's inexpensive, but at least you can get it. Try waiting hours for treatment for a broken arm or leg in a Canadian emergency room, then tell me completely socialized medicine is better. Finally, I'll say this: *somebody* is going to have the power - either businesses which the American people can drive out of business through boycotts (or simply choosing competitors), or the government, which is firmly re-entrenched every two years. Which one is ultimately easier for the American people to hold accountable? News flash: it isn't the government.

[@badgerfishinski6857]

Dave, With all due respect, you need a lesson on Ayn Rand's real definition of "selfishness"..........

[@estebansteverincon7117]

Meanwhile, Hong Kong has been always been doing just fine, financially. No Bernie Sanders needed over there. SMH

[@splougemcgouge6637]

And Singapore

[@estebansteverincon7117]

yup

[@estebansteverincon7117]

Good luck with that

[@conradthe2]

+JoshuaSports Bettor China is Socialist...

[@MarioOrtiz-hs7bg]

+JoshuaSports Bettor Are you an idiot? It wasn't until china embraced a free market economy that they were able to uplift 600 million people off of extreme. China was a communist shit hole. Capitalism has transformed your country for the better.

[@gold_real_money]

Love the thought of Dave Ramsey and Robert Kiyosaki. They may have different idea about debt but they have best view about Capitalism ❤

[@ValVaniOlson]

Dave Ramsey thank you for the points, only we can make we rich...

[@missjennemeg1]

Corporatism makes capitalism looks bad.

[@theabsurd9416]

Corporatism is a natural result of capitalism.

[@coopsnz1]

Big government Arsehole, never blamed for anything when they tax citizen more shrinking middle class

[@clowntown98]

That’s right. “Get up. Leave the cave. Kill something and drag it home.”

[@emmanuelhenne]

What a load of crap. Always these oversimplifications and twisted explanations. Capitalism is great for those who are a) already wealthy b) young, healthy, strong . In capitalism everything is about taking, not giving, and it favours greed, egoism. Socialism is a system where the strong help the weak. No one is left behind.Note: the strong. There is plenty of opportunity in socialism, also great competition, but its not wolfs vs lambs.

[@sumobowler3790]

@Jack McCabe he pays attention to the world around him

[@sunhaochhay2805]

I agree with you a thousand percent!

[@hometowncook6970]

Ramsey was a capitalist and went bankrupt twice.....he was successful until he wrote his Socialist Books and began teaching his socialist financial education material