How a Hong Kong Crypto Billionaire Views Capitalism vs. Communism

[@armastus1474]

Crypto messed up the Philippines horribly. We need REAL jobs in the Philippines that pay a decent wage. We don’t need some weird crypto game that benefited a fraction of people.

[@Dencell]

If it didn't benefit them they wouldn't be doing it.

[@notnoonenim]

Which game :0

[@worldpeaceforever-everytime]

Crypto is no real value currency, this is for the benefit gainer whole already hold the crypto and selling the capitalism idea to the greedy people to help them maximum their profit only. It can't solve the poverty problem.

[@YesNo-qb9vl]

Bruh crypto is a product when it will be widespread. Early stage crypto is game because it's speculation, but understand that crypto is not a game, it is a legit product that will replace dollars.

[@GameFuMaster]

@@YesNo-qb9vl lol, crypto literally has no value, the reason why dollars has value because you pay your taxes in it. Same reason why you can't pay your American taxes in yen.

[@kaydenchan7093]

Ahh yes, an Oligarch talks about how good a system that benefits him is.

[@Superstar5_]

Crypto Bros are so cringe

[@ThailandTerry2024]

Yes, you’ve nailed it. There’s poverty in Hong Kong but on the Chinese mainland, the majority of the poor population live in the country (uneducated farmers) …

[@eljusticiero322]

Jealous?

[@DiamondFlame45]

@@eljusticiero322what an asinine comment. Since when is legitimately criticizing a system that left unchecked creates inequities.

[@DavidNunezPNW]

EXACTLY! LOL

[@aasciutti]

Is capitalism bad? See the opinion of a billionaire capitalist. Now ask the opinion of someone that works 60h a week to make 200 USD/month, like me.

[@evetobe]

"How a Hong Kong Crypto Billionaire Views Capitalism vs. Communism" Yeah, can't imagine how this conversation ends, absolutely no idea

[@Ghruul]

its an eye-catching title but the interview is much more differentiating

[@andreastano7920]

No matter Liberal Democratic Capitalism (U.S) or Semi Democratic, Socialism, Capitalism, Meritocracy, Communism (China), as long as they have good governance, people will prosper, because the goal is for people's common prosperity.

[@RobDeity]

a billionaire telling you that capitalism works... HELLO?

[@DiamondFlame45]

Exactly! It’s like the Fox guarding the hen house

[@nextinstitute7824]

Hahaha, indeed. Regrettably there is no capitalism, with free markets. We live in a cartel world. Private ownership is disappearing.

[@andile5945]

Waiting for a communist to tell me communism has worked for them.

[@RobDeity]

@@nextinstitute7824 private ownership is disappearing? that sounds great!

[@hugomota3696]

what other system works better?

[@ann18o96]

Stop taking people seriously and giving them a platform, literally just because they have money or got famous. Why listen to people with science degrees, who took the time to write books or actually worked in education, when you can just ask the crypto "billionaire" 🤦

[@Vendrix86]

oh geez, stephen has no idea the difference between socialism and communism... also, the guy isn't even a billionaire - net worth estimate is around 100 million which is still a lot of money but not a billion.

[@terrirobinson2935]

🤦🏻‍♀️ the only difference is which comes first. The final destination of dystopian destruction is the same.

[@Vendrix86]

@@terrirobinson2935 these are two different idealogies, I'm not talking about the end result dingus. Don't interject when you completely miss the point or make another one.

[@yerri5567]

@Vendrix86 How do you know his net worth? From governmental sources? You realise rich people can easily "hide" their wealth across multiple countries so governments cant accurately access how much theyre really worth right?

[@Vendrix86]

@@yerri5567 ....so then we can't confirm he's a billionaire either...works both ways. I know it's hard but try to use your head little bud.

[@yerri5567]

@@Vendrix86 Who says he cant? Its literally crypto. All he has to do is pull out his phone and show his crypto wallet assets. If Stephan says so, its more likely than not that he has already verified it himself. Youre just salty. Ill say your words right back at you : "I know it's hard but try to use your head little bud"

[@DeBeard]

Hey stop it broh, substituting concepts one after another can't help ya sugar coating lies in a perfect manner, to those realists who got used to critical thinking methods on daily basis, lies are lies.

[@kaneshirosan1642]

It's typical of toxic Hong Kongers

[@vybzkartel9695]

I don't feel bad that this channel is dying anymore

[@DavidNunezPNW]

AGREED lol

[@aquarianmajo]

right, we tried but obviously they don’t care anymore.

[@cheshirecat111]

Before: An interesting variety of takes on a variety of topics with a good purpose After: Political underpinnings in every other video

[@sumitztube]

Bilionaire always supports capitalism, isn't this obvious?

[@Dugaru327]

Bro really said "starve and buy crypto instead" like he had something interesting to say

[@shanghigh20]

Crypto is a scan asian boss.I thought you were better than this

[@brofenix]

Really interesting interview and perspectives from Yat Siu :) Thank you for sharing your thoughts

[@RobDeity]

Question for the billionaire: If capitalism works, then why do you have billions while thousands of others are homeless?

[@monalisa-bs4zs]

Ask him to show you a picture of what exactly he created worth billions…

[@intellectualexperience7948]

If u like communism so much move to russia or china already 😂

[@j3fk4]

@@intellectualexperience7948 those two countries are not communist anymore, the same as USA is not capitalist anymore. the right comment would be: "if u like communism so much, move to California or New York already".

[@monalisa-bs4zs]

@@intellectualexperience7948 no one mentioned communism. Lie down for a while mate, take some deep breathes, consider the most optimal economic functions are still a work in progress.

[@RobDeity]

@@intellectualexperience7948 russia and china aren't communist by any definition

[@Lau-d9q]

It's like asking whether drinking bleach or drinking battery acid is good for your health. But I only want water, so no thanks

[@editorjohn8803]

Crypto is boring and doesn’t do more than what banks can, at least in any real significant way. Once someone actually figures out its practical value besides speculation, then we have something

[@_....J........................]

Capitalism requires inequality and racism enshrines the inequality (and in turn, capitalism itself).

[@liamchiang89]

I hope you at least got paid to advertise him.

[@kensheebattousai]

Crypto billionaire... Yeah, I'm a Monopoly billionaire. Same thing.

[@Djordje-pr6vb]

He doesn't know what capitalism is, unfortunately

[@bamdadkhan]

unlimited growth with limited resources - riddle me that batman

[@Dencell]

This guy forgot to explain the most important part. It's not the free market that is the problem. It's the money.The banking system is creating new money at an average 7%(varies by country) a year. Which means they are devaluing salaries. That is why you are falling behind. Especially they young, because the later you get in the more salaries have been devalued. So it's not that everything is going up in value. IT'S THE MONEY GOING DOWN IN VALUE. Blockchain solves this by introducing money that has a caped supply.

[@ChantaleDelice-h1i]

I will be forever grateful to you, you changed my entire life and I will continue to preach on your behalf for the whole world to hear you saved me from huge financial debt with just a small investment, thank you Veronica Hoy.

[@Camillalambertilee2123]

Wow. I'm a bit perplexed seeing her been mentioned here also Didn’t know she has been good to so many people too this is wonderful, I'm in my fifth trade with her and it has been super.

[@Lunlun07]

She is my family's personal Broker and also a personal Broker to many families in the United states, she is a licensed broker and a FINRA AGENT in the United States.

[@hansonhughes684]

You trade with Veronica Hoy too? Wow that woman has been a blessing to me and my family.

[@ThomasGuirgio1]

I'm new at this, please how can I reach her?

[@Alfonsosilva6]

I was skeptical at first till I decided to try. Its huge returns is awesome. I can't say much

[@G0ldfingers]

So for someone who knows about Communism, and the fact the state can take everything from you in such a system, why based in Hong Kong? It was handed over to China, does he not understand what he said with his own words, Capitalism in the West is very Different from Capitalism in the East.

[@monalisa-bs4zs]

Ai and online bots is killing what this man believes will happen.

[@BrianMcInnis87]

He's a cryptocurrency billionaire, not a cryptobillionaire. That would be someone who was secretly a billionaire despite not appearing to be one.

[@anomienormie8126]

Interesting talk, but why do you think people have to play games and gamble to survive?

[@superpowerdragon]

sounds a lot like those crypto bros on tik tok...

[@sweetwillow]

He makes me want to try crypto, but I looked into it before and you still have to spend money to make money 😤 just like the stocks. It coat $50 sometimes more to mint a NFT 😔 and like anything, the more social you are the better because you have to market what your selling. Correct me if I’m wrong.

[@UmarAbbaAbubakar]

😊

[@katherineyanagihara2909]

Aloha 🌺 I think he is not human!

[@MrSanchiro]

Starting with Marx that capitalism is something required to go further. But the problem is that we the majority cannot have a chance to access capital (hpe I am not using wrong word). Then web 3 or block chain or cryptocurrency or NFT is another choice which is thing he is working on. As I am not in cryptocurrency market, it is hard to assess this. If I must say, ok let's consider it as an oppotunity and be careful

[@aquarianmajo]

this video won’t get a lot of views because by thumbnail and title alone, it shows that you’re incredibly out of touch like the rest of them.. very disappointing asian boss.

[@newcapitalism]

the video should actually say how capitalism can be solved

[@Boochan]

capitalism and communism aren't the only two forms to handle a country/economy. also there never truly was a communist country yet. all of the countries that are "communist" or "socialist" are state capitalism. sorry but will unfollow the channel.

[@hugomota3696]

that is the excuse of every sociology geek who never leaves their parents house.

[@Boochan]

@@hugomota3696 na man just have lived many years on this planet and didn't grow up with US propaganda.

[@hugomota3696]

@@Boochan well go to Cuba check if it is as you say and then we talk. Try to bring some food and meds for that people.

[@irise6661]

neither system works because of human greed; maybe capitalism would be more successful if everyone had an equal opportunity to earn, and maybe communism would be more successful if everyone had each other's interests at heart as much as their own. both just lead to exploitation rather than giving people freedom, but this person does sound to me like he believes that if you decide to succeed financially through capitalistic means then you will, unless I'm missing something here. it feels a little bit idealistic to me somehow and that maybe he got lucky by getting into a certain market early

[@benhumphreys7494]

I hope at least you got paid for this obvious puff-piece.

[@unvaccinatedAndPureBlood]

Capitalism isnt bad, it is crony capitalism that"s bad. Capitalism have accelerated poor out of poverty in 100 years, but the poor have been stuck in poverty for 2000 years.

[@DiamondFlame45]

But that’s what we have in the US, crony capitalism and corporatism. That’s why regulations are important because they are meant to protect consumers

[@rG1vZ]

isn't that the end result of capitalism?

[@DiamondFlame45]

@@rG1vZ That’s why capitalism still has to be regulated

[@Superstar5_]

@@unvaccinatedAndPureBlood Yes, Crony Capitalism is unregulated capitalism, which is why we need limits and regulations on it.

[@maccha663]

@@Superstar5_ 🤣

[@Ddrenzo]

By 1:09 he admits China has never been Communism. By the way, we do not own the land in the USA either. If you think you do, just try not paying your property tax.

[@原野-l2h]

不要陷入逻辑误区，100年前谁也没有预料到如今的信息爆炸和同温层固化，套用邓小平的名言，黑猫，白猫，能抓老鼠就是好猫，不管是资本主义，社会主义，又或是某种中间状态的主义，人类未来的发展目标肯定是更公平的提高生活水平和改善地球环境，这个要放在全人类去考虑，而不是某个国家，某个族群

[@maccha663]

Capitalism is the best system. We don't have free market capitalism in the U.S., only remnants of it.

[@DiamondFlame45]

This is a very ignorant comment. We have crony capitalism in the US!

[@maccha663]

@@DiamondFlame45 ​How is it ignorant? The U.S. has socialized education, healthcare (Medicare/Medicaid), public transportation, housing (projects), social security, increased its minimum wage, increased regulations on businesses, increased property tax, increased sales tax, increased real estate tax, gift tax, increased capital gains tax, income tax, self-employment tax, luxury tax, withdrawal tax, inheritance tax, garbage tax, gasoline tax, and many more taxes and regulations. Calling America a true capitalist country means you have no knowledge on actual capitalism lol!

[@DiamondFlame45]

@@maccha663 Because your comment is extremely ignorant? Most countries have social programs like public education and Medicare isn’t even accessible to Americans until they are in their 60s. Also, we are still under the Trump tax cuts, we have legalized bribery because of citizens united.

[@monalisa-bs4zs]

Time will tell. USA is losing influence rapidly.

[@DaoDeBlok]

@@DiamondFlame45 capitalism works and if you actually listened to the whole interview instead of just looking at headlines you will realize he is not saying capitalism as is works it needs to change

[@enginturgutpiskin7464]

Dont even waste your time to watch...

[@bhutan5857]

Watch the whole video and his solution for better capitalism is interesting and nobody here tell me that y'all want to live in a truly communist country, really?

[@EnglishNativeSpeaker]

👌👍

[@will_the_warlord8913]

Yes

[@ancaiimura]

Is the sky blue?🥴

[@jankxyard]

It can be orange during sunset or sunrise.

[@benhumphreys7494]

This made me unsubscribe. Thanks.

[@ReSimGames]

I stopped watching after the first minute😅

[@skmagson]

I would really like to hear him talk a lot more...wow!

[@sara.cbc92]

He looks Korean. I know a Korean that looks exactly like him.

[@Daniel-d9f8w]

Yeah. all Asians look like Koreans and are descendants of Koreans.

[@multiNchannel]

Capitalism is the way we should go

[@komakush3358]

Why dont you ask Kim Jong-un if dictatorship is better than democracy????

[@SkyDogSocial]

The problem in America is crony capitalism. Government overreach and far too much red tape/ regulation.

[@somerandomfella]

Crypto will one day become a common utility. Then it'll be worth not much more than physical currency..

[@grokker99]

Bitcoin is limited while fiat is infinite. Btc would soar in your scenario.

[@somerandomfella]

@@grokker99 one day Bitcoin will be surpassed by a better technology..

[@grokker99]

@@somerandomfella Were in the first inning of crypto. Everything gets surpassed sooner or later so not sure what your point is.

[@somerandomfella]

@@grokker99 my point is people should stop risking their money and investing into something that will be eventually be worthless, just because other people are doing it and seem to be profiting from it.

[@BR0KK85]

Thats an oxymoron when i see one. Of course hed be ok unter communism....hes filty rich 😅