I just wanna know where I can get 4 pounds of steak for twenty bucks
@bobthompson28074 жыл бұрын
Climb into your time machine and go back to 2015 and you can find $5/lb (or less) steak in any grocery store. LOL
@theboatman3604 жыл бұрын
@@bobthompson2807, or move to Texas?
@tchha4 жыл бұрын
the free MARKET BABYYY
@theboatman3604 жыл бұрын
@@TheHeartatck, do they eat cow in India?
@JK-gu3tl4 жыл бұрын
Steak is cheaper in NYC than it is in cattle country.
@RagingGoldenEagle9 жыл бұрын
Now we just need to figure out how to solve the biggest problem: How do we keep government from growing over time? No matter the government, we all know governments grow and become more power hungry over time. Is there any way short of periodic revolutions to stop this? We need to find out, since this is the bane of any "small government" idea. Might start out that way, but won't stay that way.
@long-timelistenerfirst-t-us2yy9 жыл бұрын
+Raging Golden Eagle well simple. "government" is NOT the "the state". "the state" is the idea that violence has to be used coercively to enforce rules, therefore we vest the use of that violence in a monopoly, so that it is out of the hands of everyday people. the idea has some surface level appeal, but any digging will reveal its critical flaws. I am sure you are fully aware of these flaws (nature of people attracted to violence, un-altruistic nature of people that are required to be altruistic, etc etc etc). "government" are the rules. we DO need rules. BUT they do NOT have to be enforced through violence, or the monopoly over the use of that violence will be required (ie statism). get rid of the state, get rid of the violence, and we get rid of the problems.
@RagingGoldenEagle9 жыл бұрын
***** OK so how do we do that then? And more importantly stop it from forming again.
@long-timelistenerfirst-t-us2yy9 жыл бұрын
well, that is not so simple :-) it will be a multi-generational process.
@LordOfTheObvious9 жыл бұрын
+paragshah2112 Sorry son but at long as we don't have a technological way to alter the core of our violent human nature, we cant effort to get rid of statism(police/army by your definition). Cant let murderers (bush and cheney) and thieves (wall-street) run free. At least not for long.
@Avidcomp9 жыл бұрын
+Raging Golden Eagle Simple. Stick to the Bill of Rights. It's all in the constitution and the bill of rights. All that is required is that it is upheld; as it is ludicrously sworn in to protect on oath, but not adhered to. A man is permitted to do anything he wants unless he violates the law. A government isn't permitted to do anything other than what the law states it can do. It really is that simple. The founding fathers were huge intellects and had very carefully worded these documents. How many Americans today think of and/or speak of America being a democracy? You know that something has gone wrong when you hear it said.
@MrCombineGuy7 жыл бұрын
The way he defined the concept of money from 0:25 to 1:20 is the most genius thing I've seen in several years.
@PathfinderHistoryTravel4 жыл бұрын
Certificates of performance. Parents should start calling it that and spreading this brilliant observation.
@issacyasrom34213 жыл бұрын
Right, that was fire!
@MrTrombonebandgeek3 жыл бұрын
@TrashCan and a logical extreme offer argument that being enslaved is a moral good because you’re asking for nothing and giving your services willingly
@idk-cj2qy3 жыл бұрын
@TrashCan People are able to get away with doing nothing because of inflation and the central banking system. As long as they hold onto a non-cash asset that has real scarcity/lasts long like a house, they can steal the value of the currency. This is because the federal reserve regularly prints money/creates debt to purchase and inflate these non-cash assets. The non-voluntary aspect of our current central banking system is that you are forced to use the dollar. Several wars have been fought with oil rich countries because they chose to sell oil in a different currency.
@akilansundaram21813 жыл бұрын
Exactly, and that's how I used to think of money after high school.
@uzi12515 жыл бұрын
Capitalism: im poor Communism: we're all poor
@UsernameInvalidTHIS5 жыл бұрын
Silence, liberal.
@suhas65085 жыл бұрын
If it is the thing then why still many people regret fall of ussr
@miriam77795 жыл бұрын
@@suhas6508 because even communism has its pros. Those who lives in it knows, like my parents,..
@theboatman3604 жыл бұрын
@@miriam7779, if you had a free ticket to America. Would you go and leave communism?
@wespenn61394 жыл бұрын
too bad pure communism has never been preformed before. USSR was far from Communist. IF we wish to achieve such- we must democratically eradicate capitalism (via socialism) and things slowly turn their way to a money-less, classless society.
@cortelldavis9239 жыл бұрын
fundamental flaw here, free market capitalism as it is practiced today is still subject to elements of coercion because people in the labor force have very little choice to be voluntary participants. Its effectively work for a living or be hungry and homeless, which is the definition of coercion.
@cortelldavis9239 жыл бұрын
Ken MacDonald you would be right if that were true, effectively in modern times that is increasingly more difficult to do. You are free to "try" to grow your own food, own your own land, male your own clothes, etc... but the barriers are very high. Its not a matter of being lazy, that's a simplistic view, some are simply less able to work, less able to think, less able to do. Whether because they are physically and mentally inferior, or because all the means of production have already been bought and owned by a competing party.
@cortelldavis9239 жыл бұрын
Fine let's say your 100% right, that its laziness to not want to work for a living, whether your disabled, or a child, or a pregnant woman doesn't matter. If you won't or can't work the you must be lazy. Even if that's true are you not free to be lazy? I would think that you are, if you are willing to sacrifice your living standards. If you do not wish to sacrifice your living standards,then its still not 100% voluntary labor right? Its effectively do something you ordinary wouldn't do if you want to live comfortable, because if you don't your lazy and deserve to be poor, hungry, and homeless? You may be free to purchase land, but you still need money in order to do that, and you have to work for that money. You need to buy the land, buy the materials, but the foods,etc.. Which means you still have to work, even if you don't want to work, which is still coercion. Furthermore Well rich people who do very little work can end up with a lot of money, while poor people who do more labor do not end up with a lot of money. Some people simply inherited their fortune, and they are free to enjoy the benefits of hard working, while still in fact being lazy, or doing very little. Let's be clear, I'm not against capitalism, its better than the alternatives, e.g slavery, but let's not pretend its perfect because its not
@cortelldavis9239 жыл бұрын
Firstly i think a lot of what you are saying is valid, but you are assuming that i am arguing for entitlement. I am not, i am not picking sides, simply pointing out the flaws of both, but i am not offering a solution. In my opinion its coercion on both sides, either someone else works for you, or you work for your self, both however are coercion. You may be free to do what you will, but that doesn't mean you want to do it. You may work for a better living standard, that doesn't mean you want to work. So in essence you are being coerced to do something you don't want to do, for something you want, which in most people's mind is okay and fair. I'm not saying they are wrong or right, i'm not saying capitalism is wrong or right, i am just stating that it is in fact based around coercion, that is, "work for a living, or else [fill in the blank]" which is a type of coercion.
@cortelldavis9239 жыл бұрын
actually your definition of coercion is wrong. coercion is persuading someone to do something against their will by threat or force, it's not necessarily violence.
@cortelldavis9239 жыл бұрын
Ken MacDonald sorry sir look at the actual definition: en.wikipedia.org/wiki/Coercion "Coercion /koʊˈɜrʃən/ is the practice of forcing another party to act in an involuntary manner by use of intimidation or threats or some other form of pressure or force." you can threaten people without violence, but if we can't agree on a simple definition, then perhaps this discussion will not make any more progress.
@alvisedwald4 жыл бұрын
The man who showed me a world beyond being a leftist, and am eternally grateful for you. *RIP Walter Williams.*
@ImperialCommissarRikart4 жыл бұрын
Fallen comrade:(
@zoubekukrutny92664 жыл бұрын
Please don't let PragerU shape your world view! This video is so oversimplified it hurts.
@michaelweber16744 жыл бұрын
@@zoubekukrutny9266 to be fair, most of the videos if not all of the videos are really not that good and probably misinform people
@SaneTheBro3 жыл бұрын
@@michaelweber1674 The thing is when I use prageru to make an argument in a debate without my opponent knowing where I got my information they more often than not change their view because of the reasonability
@rapidroha92452 жыл бұрын
@@SaneTheBro because if it’s from prager u chances are it’s source is either being cherry picked or it’s not credible
@cafepablo19684 жыл бұрын
Rest In Peace. I would have traded minds with him but I know he would have rightly refused mine.
@blairbrown48123 жыл бұрын
Presumably because you actually used yours.
@warthunder91552 жыл бұрын
@@blairbrown4812 how's the revolution going?
@justingolden213 ай бұрын
He shared his with the world and educated people. He made good use of his. Now go make good use of yours! 😁
@ImperialCommissarRikart4 жыл бұрын
The problem lies with those who have NOT served their fellow man yet still have immesurable amounts of wealth which can allow them to determine markets that do not serve the will of the people!
@nhanqul3843 жыл бұрын
for example?
@ImperialCommissarRikart3 жыл бұрын
@@nhanqul384 for example? Give ME a billionaire that hasn't gotten their wealth from unethical means and I'll give you 20 which have
@nhanqul3843 жыл бұрын
@@ImperialCommissarRikart How you define unethical means? do you mean corruption with the government. If that's the case, sure. That's not free market. Or do you mean Steve jobs, gates, musk, buffett, etc ?
@soulplexis3 жыл бұрын
@@nhanqul384 it wasnt reaal capitalism
@badge55753 жыл бұрын
@@ImperialCommissarRikart elon musk he is wealthy and he is serving humanity also one of the very few trying to stop climate change with his new technologies
@booberry67158 жыл бұрын
What Mr. Williams is missing in this is that many today feel they have an inherent right to the goods and services produced by business.
@thegoldenarm64228 жыл бұрын
Correct. However, you're not entitled to someone else's labor.
@booberry67158 жыл бұрын
No you're not. That's why employer and employee engage in a contract over labor. The value of said labor is largely determined by the scarcity of the skill set. This is called a labor market and this is what so many people today can't seem to wrap their heads around.
@booberry67158 жыл бұрын
Anon ymous I think this nation's founders would strongly disagree with your perspective. They understood the principle of incentive and individual responsibility, you don't seem to.
@FletchforFreedom8 жыл бұрын
+Anon ymous Absolutely not. Rights are inherent, not based on need, and cannot exist for anything that must be provided by others. One has a right not to have their life taken from them (inherent). But no one has the right to force others to give up their property or work effort under any circumstances - even to preserve or improve one's life. To address your second point, one need not have a right to something for a concerned society to undertake to improve the lives of those around us. This charitable interest (and capitalism has made us the most generous society in human history - primarily by facilitating prosperity) is an entirely different thing to a right or "entitlement" to such things. Not being indifferent is not the same thing as conferring a right to anyone.
@booberry67158 жыл бұрын
FletchforFreedom This is where they philosophically stumble. They look to the government for everything, even their rights. Many claim to have read our founding documents, but few seem to comprehend the principles behind them. Thanks for being one of the few and for showing the patience I lost a long time ago. XD
@jookbj6 жыл бұрын
Tried to show this to my leftist family they nearly had a heart attack.
@SchizoMelody4 жыл бұрын
Did they give a cogent counter argument?
@jookbj4 жыл бұрын
@@SchizoMelody of course not they tried to discredit it. The right can't convince the left. They just need to wipe them out i.e enforce moral standards and new rules instead of following leftist rules.
@ehwhat43054 жыл бұрын
@@jookbj Ok but don't think to yourself that Capitalism is perfect, because it is far from it. Much better economic models out there than ancap.
@jookbj4 жыл бұрын
@@ehwhat4305 who said it was? straw man much! Don't bring up things people aren't talking about.
@ehwhat43054 жыл бұрын
@@jookbj Oh so you find it ridiculous that I told you that you see Capitalism as perfect, good. Then you realize how silly it is to use full blown socialism as a straw man for social welfare programs. Personally I hate when I advocate for democratic socialism, only to hear some right wing nut case tell me "socialism doesn't work," as if that's even close to what I want (democratic socialism is essentially capitalism with more social welfare to ensure equal opportunity).
@GiovanniMascheroni7 жыл бұрын
Walter Williams is great! His documentary "Good Intentions" is just awesome.
@bpqd26244 жыл бұрын
kzbin.info/www/bejne/r4GcgJ1sarSqm6s
@rayboish2 жыл бұрын
Thanks for the recommendation of the documentary. I am from England 🇬🇧 but I love Walter Williams and Thomas Sowell. They both need to be acknowledged for their common sense and clarity of approach dealing with these issues. I am an admirer of them both .🇺🇲
@GiovanniMascheroni2 жыл бұрын
@@rayboish 👊🏻👊🏻they’re great indeed!
@truthseeker73264 жыл бұрын
This makes too much sense for me, I want to believe lies, it makes me feel comforted.
@limitless16924 жыл бұрын
Look man your idea of Morality is for me to give a damn about you . My idea of Morality is for me to give a damn about me and for you to give a damn about you . You see I am Selfish and you are Altruist .
@himnishmishra50693 жыл бұрын
Z
@BHTQ183 жыл бұрын
@@limitless1692 lol nailed it
@chrishess74433 жыл бұрын
@@limitless1692 that is not morality its actually the opposite of morality. A Kinder word for it is self interest . or another word is self importance. core beliefs, mindset, personality, corporate practices- like bail outs- of a "group" im positive your claiming to be against... yet you share missing morality and i have no doubt you share more than that.... If you had their wealth & influence, YOU WOULD ABSOLUTELY STEAL FROM PEOPLE LIKE THEY HAVE/DO. Btw those are preditory behavior's same as (STRANGER DANGER) whos victim #'s are many times higher than every offender of the past 50 years combined.
@charlesepperly15263 жыл бұрын
@@limitless1692 what does altruistic mean?
@nekrasov959 жыл бұрын
I have few questions: 1) Does this video mean that 2009 crisis was caused by inefficent companies? Did policy makers have to abstain and do nothing, leaving banks, industries and companies with their own problems, how it did during Great depression? 2) Does it mean that only under capitalism you deserve your goods and services? What about Soviet Union? People there did nothing and got food and apartments for free from their fellow citizens? 3) Is it better to substitute "you" by "poor" and "fellow citizens" by "rich"? 4) In your illustration only people pay taxes, not companies. Coincidence? 5) Why do you read the Consitution like the Bible, citing your interpretation of founding fathers' ideas and articles of the Consitution? It doesn't give you more credibility. 6) Why is your video called "Is Capitalism Moral?" when it should be "Is laissez faire policy moral?". You definitely change the subject and manipulate your audience. On paper it looks great. When you talk this sounds perfect. When you implement it strictly according to your ideas, it creates a system of inherited wealth - once you are in a position, there is hardly a chance anyone would get decent (or prestigious) education (except for the rich), fellow citizens would not be always fair with you and you would not be able to create the money you deserve. There is no free market economy in the world in your interpretation (except maybe for Hong Kong) because it is both inneficient and immoral. Not only it doesn't provide funding for fundamental science and fellow citizens who are in trouble, it creates a vacuum of power and has an extremely naive picture of human conscience and character. From Russia with love (sorry for mistakes).
@archieaion97299 жыл бұрын
+Сергей Некрасов "In your illustration only people pay taxes, not companies. Coincidence?" Companies do not pay taxes. Companies are not people. The ones paying the taxes are the customers of the company or the share holder, who is usually the bank common people have their money on.
@nekrasov959 жыл бұрын
+archie aion Companies do pay taxes. Read more about corporate personhood. Or read Citizens United v. Federal Election Commission - case many republicans enjoyed.
@archieaion97299 жыл бұрын
Yeah, I understand that. What I mean is, taking money from a company in whatever form, is taking money from their customers or shareholders in one way or the other.
@nekrasov959 жыл бұрын
+archie aion While you're partly right, your view is still shallow. According to this logic we can't fine companies for breaking laws. Or treat parties in a certain way - there also only people exist.
@archieaion97299 жыл бұрын
Сергей Некрасов "According to this logic we can't fine companies for breaking laws. Or treat parties in a certain way - there also only people exist." We can fine the company, but the people paying the bill would be... the customer or the shareholders. The point is the same. Companies do not pay taxes.
@Urbanfour6 жыл бұрын
People always forget that a fully free market is exactly why we needed Child Labor laws, minimum wage laws and working condition regulations. Yes too much regulation can make a strangle hold on businesses, but without it the end result of free markets is giant monopolies running everything (And buying out or destroying any emerging competitor) which is why we have anti-trust regulations to begin with.
@francismausley72394 жыл бұрын
"The time has come when those who preach the dogmas of materialism, whether of the east or the west, whether of capitalism or socialism, must give account of the moral stewardship they have presumed to exercise. Where is the "new world" promised by these ideologies?" ~ The Universal House of Justice, Baha'i Faith
@emptyendeavor27623 жыл бұрын
Your faith also claims that God changes according to the people he reveals himself to. Way to lump God in with all the false Gods..
@francismausley72393 жыл бұрын
@@emptyendeavor2762 Not true. Baha'u'llah, the Prophet-Founder of the Baha'i Faith, proclaimed: “This is the changeless Faith of God, eternal in the past, eternal in the future.” Baha'is recognize the Founders and Prophets who came before - among them are Krishna, Abraham, Moses, Zoroaster, Buddha, Jesus, and Muhammad. But, there are two types of Teachings. 1) Eternal (same always) and 2) Social (changes from age to age as man grows). It is Man that changes! Revelation is Progressive to teach Man in steps. For example, first one learns arithmatic, then higher math, then algebra, then geometry, then log rythms etc. A new teacher comes about every 1000 years.
@pinnacleroofing98413 жыл бұрын
"Where is the 'new world' promised by these ideologies?" Look around - for all of human history people were enslaved, tortured, starved, destitute serfs with nearly half of children dying before age 5. Now even the poorest among us have iphones, world class health care they don't have to pay for, self determination, life spans at all time highs, MASSIVE community and Gov't help and handouts, mountains of food readily available, and an infant mortality rate around 0.005. What planet are you on that you can not see the good that is all around you. Nothing is perfect and NEVER WILL BE but for goodness sake man, look around
@luciernagas56615 жыл бұрын
Capitalism is not a Zero Sum game but the capitalists class, the wealthy, the business community are against any development in workers rights? They know that their income depends on maintaining the workers divided and the salaries the lowest possible.
@diogocoelho2935 жыл бұрын
they are not force to work
@arcanumhypercubed88595 жыл бұрын
diogo coelho how’re you supposed to eat if you don’t work for the only job provider available to you
@sleepyfleepy5975 жыл бұрын
Capitalist society only functions when the few are prioritised above the many
@SL27975 жыл бұрын
Competition in the free market is what forces businesses to provide better conditions for their workers. Remember that businesses compete for workers too.
@UsernameInvalidTHIS5 жыл бұрын
@@diogocoelho293 Bruh look at this dude. Oh no no no
@TheZeus8264 жыл бұрын
"None are more hopelessly enslaved than those who falsely believe they are free."
@lol-oh5zq4 жыл бұрын
Thanks, someone with common sense here.
@vonbass13004 жыл бұрын
Something that sounds deep that ends up being incorrect. When it comes to what enslaves the mind, believing you are free even if you somehow aren't, has never held any one back. Falsely believing you are not free on the other hand, holds billions back on daily basis. From believing the system is rigged against you, from believing your situation holds you back. From believing you were born with disadvantages, or into the wrong caste, class, or social group. No, believing you are free when you are not, if it even exists, has never held anyone back. But believing you aren't free when you are, has proven clear physical examples all around you, here in the real world.
@TheZeus8264 жыл бұрын
@@vonbass1300 Let's hear some specific examples of BILLIONS of people who falsely believe they are not free. What BILLIONS? 1.3 billion people in China falsely believe that they're in an authoritarian regime?
@vonbass13004 жыл бұрын
@@TheZeus826 are you saying that China is not a authoritarian regime? Because they obviously are. The very fact that anything you say negative about the government can get you thrown in prison. And that every thing they don't like is scrubbed from their internet. We can start with the billions who have lived and died in India's caste system. And still do. Believing they can not rise above the position they were born in to. Or all the people , even here in the US who have been convinced that they are being held down by some invisible system that is rigged to make them lose. When the only oppressive thing that is actually holding people back is the constant repeated message that you can't make it out of your situation because of the place you were born, or how much money your parents have, or without the government's help. The world is full of people , most of which have quietly accepted the idea that this is how it is, and I can't do anything about it. So, yes, I am saying billions of people who are held back by false mental chains verses the number who "think they are free but arent" which I do not believe is a real thing. Every one knows when they live in a non-free place. It's just middle class Americans who can't seem to see that they are in no way oppressed.
@lol-oh5zq4 жыл бұрын
@@vonbass1300 Yikes, ima get out of this shithole that is the prageru comment section
@charlesparera4 жыл бұрын
The idea that the consumer decides the fate of a business is not always true in real world. The corporates always shape the thought of consumer through the media and influencers. Its like how they make you to eat junk food with no nutritional value. Theory and reality are very different, for both socialism and capitalism.
@MrTrombonebandgeek3 жыл бұрын
The Reality being That our founding fathers didn’t envision a world where there would be companies like Disney or Google/ABC that have basically vertical and hortizonal monopolies that “don’t fulfill the full requirements of being one”
@HARMstudio62 жыл бұрын
Media doesn't make you eat junk food. that is a whole other physiological thing entirely. People wouldn't do it if there was no incentive.
@marshmallowok9 жыл бұрын
What's more important than "free markets," however you define that, is the threat of competition. The problem with laissez-faire markets is they tend towards monopolies, collusion, and corruption, which destroys competition. This is why industrial countries run mixed economies.
@MrUppmas9 жыл бұрын
+Ken MacDonald *Monopolies are easily destroyed in free markets because anyone can create a competing business.* But if a company achieves enough foothold, they can always temporarily drop the prices (if someone founds a competing company) so low that no-one can compete. They have the capital to endure temporary losses and the mass production to have things cheaper to begin with. You'd need a big-ass company to compete, but they don't want to. Why? Because it's not profitable to do such a thing. Instead they form cartels, so that they both get the biggest amount of money out of the deal. That's the biggest issue with free markets - competing is not always the route capitalists want to go, and that's when you run into issues.
@MrUppmas9 жыл бұрын
Ken MacDonald *First off, this is GREAT for customers. Now customers can spend less on the product that company sells and reserve more money for other products and services they otherwise wouldn't be able to afford. Not sure why you are so against companies driving prices down.* I wasn't saying it's bad. That's just what it is. Sure, it's great for the customer as long as it lasts. But it doesn't make for a healthy competing arena. *The entire point of fearing monopolies is that monopolies can RAISE prices above market prices, not because they will LOWER prices.* Not really, the point of monopolies (or duopolies or whatever) is to create a stabilized system wherein consistent profit can be made without competition. Rising the prices is just one thing. And I wasn't saying they keep prices low /all the time/, only when (if) someone tries to compete. *Second off, if your contention is that after they push everyone out of the market, they will then just raise prices, then that higher prices DOES make it profitable for others to enter the market.* My point is they can always *temporarily* lower the prices to drive people off the competition. *Temporarily.* *Why would you be against a company indefinitely driving prices down?* I am not because they won't. You can only go so low, and there's no real profit in going very low (unless you find a way to do that) for either side. *Third off, the other way I know you're wrong, is that NOT A SINGLE monopoly ever formed the way you described. And for the reasons I described.* Standard Oil controlled 64% of the oil refinement business in 1911, and was thus forcibly divided by the government, because they were deemed to have established a monopoly, which they pretty much had. The main reason why such monopolies don't form is that they've been illegal for quite some time, alongside with the common tactics. *Again, cartels can only form if politicians prevent competitors from entering the market. If companies A, B, and C get together to collude on prices that are above the market price, company D can enter the market and price their product lower than the collusion price of A, B, and C.* Mate. It's not like anyone can just enter the market just like that. You need capital to do that. Unless you are rich, you'll probably get that by taking a loan from a bank or having investors. You won't have investors unless someone rich thinks you plan seems profitable and worthy to invest in. If your plan consists of trying to take on a monopoly, good luck with that. You can always take a loan, but few people want to take such a risk. Such problems won't exist if it's a big company seeking to spread, but then again, will they find competing profitable? Not really, the best markets are those where you can still innovate and/or which are not cluttered with competition. Not a market which is held in a chokehold by a couple of companies. *The biggest problem I find with anti-free market types is their lack of knowledge of economics (inability to explain why lower prices is a bad thing)* The biggest problem is that *you* don't understand how capitalism works. You have a naive sense of free-market capitalism, in reality, there is no silver-bullet economic model that can fix absolutely everything. *actual economic history (that not a single monopoly ever formed by continually driving prices down in a free market; they were ALL formed by using political power to prevent competition from entering the market).* There has never really even been free-market capitalist society. I guess the 1800's USA was close to that, but only /close/. My problem is not with capitalism. Capitalism just is.My problem is with people who... 1) Advocate for 'capitalism' when really they advocate for something else (free marketism, meritocracy etc.) 2) Don't understand socialism / communism 3) Dontt understand that USSR, North Korea etc. are/were not socialist/communist 4) Believe in a skewed version of 'freedom' 5) Are not even capitalists (aka they own and use capital)
@MrUppmas9 жыл бұрын
Ken MacDonald I like how you carefully avoided the part where I explicitly tell you I'm not any sort of collectivist, yet you still insist I am one. Blehg. Whatever, I guess I sort of expected that you can have a meaningful discussion about economics in a P.University video. Have a nice life.
@TheProgressiveParent9 жыл бұрын
+marshmallowok oh my god that argument has been debunked so many times why don't you do a quick youtube search "free market monopolies" to hear counter arguments before posting such a pedestrian objection. Free markets are hard to monopolise. Regulated markets are easy to monopolise.
@jasonschneijder20129 жыл бұрын
+MrUppmas is right +Ken Macdonald
@libereligion38643 жыл бұрын
“People,to the best of their ability,shaping their own destiny. ” Made my day❤️
@maryeverett22662 жыл бұрын
If you disregard literally everything else that shape someone's destiny, sure.
@michaelbradley76212 жыл бұрын
Shaping their own destinies with massive government, read Taxpayer funded, subsidies for a certain, tiny class of Americans.
@willnitschke2 жыл бұрын
@@michaelbradley7621 Sounds like Socialism...
@warthunder91552 жыл бұрын
@@willnitschke that's because it is.
@Marcara0819 жыл бұрын
Acting on a desire, no matter the desire, is selfish. That is, you do what you do because you want to do it. 'I do what I want'. Ergo, there is no such thing as 'selflessness' and 'selfishness' is just the term 'agency'. Typically when one asks or demands you to be 'selfless' they are merely asking or demanding you be useful to them which is, obviously, a selfish request. Selflessness is a means of social control wherein you convince one to act against their better interests according to a false moral standard. This also does away with the concept of sacrifice which is just an attempt to make one the victim of their own choices. A 'sacrifice' is a choice - often an exchange - like any other. This does away with most religious and political ideologies which command you to be 'selfless' and 'sacrifice' for the 'greater good'; all of which don't exist. Start with that, then work your way up to free market capitalism because until you rid yourself of the mind-virus society has inflicted upon you, you'll never understand what freedom actually is let alone how it is able to operate amongst a billion selfish individuals.
@RoyleEagle839 жыл бұрын
Actually there is a better term, self interest well understood that explains all of that. Tocquville coined it before the American Civil War.
@justinbeagley51519 жыл бұрын
+Marcara081 Acting on desires might be selfish... but it has nothing to do with 'morality'. I desire that people don't suffer from starvation isn't an immoral desire. Asking that everyone in society, including myself, be forced to pay taxes that would go towards making sure that no children suffer from starvation isn't an 'immoral' desire either. I'm simply asking that everyone in society participate in making society more moral. Forcing people to be moral is no more immoral than parents forcing their kids not to steal. It's the intolerance of immorality. You're suggesting that by 'forcing people' to do moral things is somehow 'immoral' - no, actually... what you're suggesting is simply that everyone should tolerate immorality. And there really is no tolerance of immorality - there's just a word for people who are tolerant of immorality... cowards.
@RoyleEagle839 жыл бұрын
+Justin Beagley forcing myself and anyone else to help another is immoral. it takes from me the ability to make the moral choice of rendering assistance. the problem with this is that it ignores one key element, am I actually in a position to render aid?
@justinbeagley51519 жыл бұрын
Royle Rogers Actually it does no such thing. A system that demands that everyone help absolutely could be created in such a way as to analyze whether you're in a position to help or not. We do this already in america... and it seems to be working all over the world... As far as your comment that it 'takes your ability away from you to make a moral choice' It does take your choice away from making an immoral decision.. you're right... it forces you to be moral. Do you have a problem forcing children NOT to take crack cocaine? Do you have any moral hangups about physically slapping crack cocaine out of the hands of a toddler?
@RoyleEagle839 жыл бұрын
So then as long as it is for the greater good forcing a person to relinquish their property is not only justified it is moral? So then who decides what is the "greater good"? We then run into the economic systems that are in conflict with capitalism and we enter a system where all are slaves. Choice then is the root of morality, and therefore an economic system based on choice, capitalism, is the only moral system.
@BUZZTROLLInc4 жыл бұрын
Why can't soy boys at my school understand this simple concept?
@somebodythatyouveusedtokno96044 жыл бұрын
they are Ignoring the others perspective
@quantumfrost94674 жыл бұрын
Accountability
@dominicj79774 жыл бұрын
Not all services follow the rules mentioned in this video
@damiangrouse45644 жыл бұрын
Dominic Joseph Give us examples...
@dominicj79774 жыл бұрын
@@damiangrouse4564 The video itself begins with wrong statement that there is no coercion and exchange of goods for service is voluntary.
@justfrank94318 жыл бұрын
If you think that individuals who are out of work, or on low salaries, should not have access to housing, healthcare, or even food, then sure a pure free market is a great idea. Also if you think consumers should be overcharged for goods and services, from unregulated monopolies, with price setting power, which are allowed to buy up all the competition in a market, then again a pure free market is a great idea. If you think thousands should be made unemployed, by stopping government subsidies for large businesses, and you are willing to use tax money to instead, pay for their welfare, or just leave them with nothing, then a pure free market is a great idea.
@sohanturtorial38566 жыл бұрын
1There's nothing stopping them to quit that job.And now in modern society its easy to start ur own buissness if u have the creativity and dedication etc to do so 2Lets say we have two buissnesses one big one small.The product quality is the same but the price of the small buissness is less whose product would people buy? 3Big buissnesses need more employes does decreasing the number of unemployed
@blu21065 жыл бұрын
That outcome of capitalism is completely inaccurate. Name me a capitalist company or person who hasn’t provided economic growth to those around them.
@blu21065 жыл бұрын
Colin Murray - There are many people making private homeless programs, however they are often taken down by local governments because the officials would rather have a homeless program with a big budget for them to bring up in re-election campaigns. Just look at this man who was making dozens of houses for the homeless and was shut down by the city council: kzbin.info/www/bejne/pGfLaJmCZ5eKeac
@PathfinderHistoryTravel5 жыл бұрын
Please read Thomas Sowell’s Basic Economics.
@dylanw.45335 жыл бұрын
Shohan Tutorial 1: there are plenty of things keeping them from quitting: the uncertainty of finding a new job, the bills they still have to pay stacking up or going unpaid, the uncertainty of life that may inflict them with illness or injury that they can’t afford to treat if there’s no chance of government help. And small business success is actually declining and has been since the 70s due to the inability to compete (see next rebuttal) 2: it’s not going to happen. Large companies have the resources to mass produce, lowering cost of manufacturing, whereas small businesses can’t get the same level of huge wholesale discounts or access to oversees sweatshops with underpaid workers. And even if they could compete price wise, corporations have massive amounts of money to spend on advertising, beating out small business’ voices, meaning most wouldn’t even know a small-business option exists 3: I’m honestly not sure what that word-soup means
@drewgladwell58753 жыл бұрын
My high school economics teacher showed us this video... probably one of the most informative videos you will find on the internet
@danki2000daniel9 жыл бұрын
the problem isn't free capitalism, it's crony capitalism that's the problem. ..when you can buy politicians to pass laws to make you profit, that you pay no taxes on, is the problem
@alexwr7 жыл бұрын
That's corporatism and collusion, not capitalism.
@barrackobama2216 Жыл бұрын
both of those are outshoots of capitalism
@dwwolf46363 ай бұрын
Actually, no.
@danki2000daniel3 ай бұрын
@@dwwolf4636 yes
@rovar009 жыл бұрын
Like many political philosophies, capitalism seems very simplistic and efficient in theory, but there are many complications that we, as a nation, must deal with practically. For instance, the notion that "if you work hard, you will make a decent living" is becoming less of a reality. Nowadays, it's becoming increasingly difficult to get a decently paying job without obtaining a college degree. As a result, demand for college degrees have risen along with the price tag. Starting out with $30,000 debt is a large and risky price to pay for the opportunity to show that you can work hard.
@FujibearGames9 жыл бұрын
+rovar00 The idea works on paper, and it probably would in reality if there was some way to start with a clean slate.
@theawecabinet9 жыл бұрын
+rovar00 "..For instance, the notion that "if you work hard, you will make a decent living" is becoming less of a reality. .." We do not live in a capitalist society. That's why.
@Turtletanks7 жыл бұрын
rovar00 The price of college degrees have also risen due to the government stepping in and giving loans to students
@awesomemantroll10885 жыл бұрын
@@Turtletanks And jobs are difficult to acquire without experience thanks to minimum wage and the resulting outsourcing.
@Brandon_letsgo9 жыл бұрын
Please record some videos defending the second amendment and business like Uber(share economy)
@olanordmann78369 жыл бұрын
+Lucas P Firearms is a human right.
@Turtleday1129 жыл бұрын
+Vegan Dearest Uber just got a suit dismissed by a judge in queens m.nydailynews.com/new-york/queens-judge-tosses-taxi-challenge-uber-lyft-rules-article-1.2354916 I'm not disagreeing with you necessarily. But once Uber gets their system running smooth with no legal hiccups. Taxi companies are just gonna have to get creative to compete, and that's the way it should be.
@blurglide9 жыл бұрын
+Vegan Dearest The banning of guns in Australia had no statistically significant effect on their already low murder rate, and crime went up for a while afterwards, although it's begun to decline again in recent years.
@blurglide9 жыл бұрын
+Vegan Dearest If you don't like how Uber treats their drivers, I recommend not driving for Uber.
@Turtleday1129 жыл бұрын
+Vegan Dearest Give the free market a little time. Uber will find themselves having to compete for employees once these other ride sharing services pick up steam. Then they'll be put in the same position they put the taxi companies in. This is gonna be fun to watch play out
@stevenkeller4524 жыл бұрын
I'm poor but I'm a strong supporter of capitalism
@SuperGreatSphinx7 жыл бұрын
"Capitalism is a social system owned by the capitalistic class, a small network of very wealthy and powerful businessmen, who compromise the health and security of the general population for corporate gain." ― Suzy Kassem, Rise Up and Salute the Sun: The Writings of Suzy Kassem
@EaglePicking5 жыл бұрын
Absolute nonsense. People move in and out of the "capitalistic class" all the time. Bill gates, Elon Musk, Mark Zuckerberg: all very powerful businessmen who are completely self-made and who are prime examples of this.
@MrJackPeppers4 жыл бұрын
@@EaglePicking Do people move all the time from a working class into a capitalist class? I believe not. I believe this shift mostly happens at the beginning stages of revolutions (industrial revolution, the digital revolution, etc.) You gave an example of the hard working lucky few that did become capitalists (owners) thanks to their work yes but this also happens largely due to the wave of digital revolution they successfully took advantage of. But what about the hard working many who didn't have such luck (workers)? People like to focus on the very few success stories while forgetting the millions of "failure" stories of hard working people who despite providing value to society (teachers and nurses and other essential workers) didn't get even a tiny tiny tiny fraction of what these men got. Self-made... You think Bill Gates generated all his value by himself? I give him tons of merit... But do you think he generated billions of value to society alone?? By himself... Every penny he got?? Really? A lot of the technology he used was developed before through state funded research. A lot of work had already been done before Gates that he benefitted from. We all sit in the shoulder of giants. What makes these billionaires so special? For some reason we allow these guys to claim the value of the entire giant by adding a tiny rock to it and market it during times when things are about to go off. They deserve to get the value for the rock they added for sure (making them modest well deserved millionaires in these specific cases), but they surely don't deserve to get the whole giant's worth! Millionaires and billionaires are often not made because they pulled themselves by the bootstraps and worked 30 hours a day. No. They usually become millionaires the moment that what they own becomes worth a lot. Whether they worked a lot for it or not. Unlike workers who despite being responsible for the increase in value of a company, will never get their due share simply because they are not owners/shareholders. They will only get their wage and a pat on the back. Not the actual value of work they put. Again billionaires and millionaires generally ride a wave of revolutions to get where they are or just inherent the wealth. To ride the wave you have to work hard to stand on the board and be good enough to ride it, but it is the wave that is in fact pushing you forward and doing the great work (society and its workers), not just you! Whether you think is nonsense or not here is a fact: During the last three decades the wages of workers have stagnated despite productivity doubling while asset prices have exploded. The working class, those who make the world go around, are being devalued. The owner class, those who own assets like real estate and the means of production in general, whether hard workers or not, are richer and richer. Given what I said, do you find it fair? Do you find it fair that the ownership of collective knowledge produced by society and the resources given by mother earth is what largely makes you wealthy? Not the work in contributing to said knowledge or the work of transforming the resources into goods, but good old ownership. We need risk takers like Bill Gates yes. And they should be rewarded. But do we need to have these guys suddenly become lords of old who for some reason own our lands and companies? And for that have an obscene claim to society's work? Capitalism and feudalism are too strangely similar to me... Talking about absolute nonsense is how people don't even dare to make the comparison... Owners (lords) and workers (serfs). Same shit. Different day.
@EaglePicking4 жыл бұрын
@@MrJackPeppers You might be surprised, but the answer to your question is, in fact, "yes". Your wording "capitalist class" is a clear indication of a dangerous ideology. In a capitalist system, people indeed do move in and out of the top % of richest people. A few fine examples in the world today are Elon Musk, Bill Gates, Mark Zucherberg. You can find thousands of others, if you search. You can also find a lot of people that went from super-rich to poor. Again: you have to want to see if and search.
@idonegotold9 жыл бұрын
When I put gas in my car it's because I love what the fossil fuel industry is doing.
@cbrooks979 жыл бұрын
+idonegotold You have other options. You could always bike everywhere. If you don't, then there must be things you value more than you dislike fossil fuels.
@justinbeagley51519 жыл бұрын
+Chris Brooks That's true. However, the same moral dilemma could be posed to every free market capitalist. You don't need billions of dollars when children are starving, so if you have billions of dollars while children starve than you value money that you'll never even use over your concern of suffering children. What is more immoral? Being tolerant of billionaires who by omission allow the suffering of children, or forcing everyone to pay taxes, (forfeiting their property) so that as as a society we stand together against the suffering of children, and help out to the extent that we can comfortably help? Either way - morality loses (children suffer needlessly, or people lose a part of their property)... the results however are quite different - the result of one is suffering children, the result of the other is everyone living in slightly less luxury. If you prefer to live in slightly more luxury and allow children to suffer - I don't think you can make any claim of being 'moral' or having a 'moral' society.
@missmargarita55059 жыл бұрын
+Captain Weeaboo Free market Capitalism is also a fantasy. Go there and start by reading Adam Smith's The Wealth of Nations.
@monsterblood4209 жыл бұрын
+Justin Beagley who is making these children and why don't they take responsibility for their own children.
@justinbeagley51519 жыл бұрын
monsterblood420 well you're starting with the assumption that their parents just left them to die - maybe the parents died. Maybe the parents got injured and couldn't work any more. There could be numerous legitimate reasons why these parents 'failed' their children. I'm not sure if you know this, but the further women go in schooling, the longer they wait until they have children. (meaning they wait until they're in a good position to have children). So one way of getting parents to be good parents that take care of their own children is to help them get a higher education. Education is the most important thing that a society can spend money on. A better educated populace votes more, is more involved in government and politics, is more involved in policies and laws, speaks out against injustice, etc. In other words, the best way to stop the 'welfare' of children, is to provide higher education for free to all citizens. Cut out just 50 billion from the military budget, or do what Bernie Sanders wants to do (hedge fund tax) and we'll pay for higher education for every american. I'll end by saying this however - no matter what the failure of the parents, we as a society have an obligation to look after each other and take care of each other. And we should all be forced to help one another - that's the point of a society.
@AngelLuisTrinidad9 жыл бұрын
Sorry, but the $20.00 is not prove that he served the fellow man. He could have killed a fellow man for the money. So, possessing the $20.00 doesn't prove where he got it from.
@richardfry59919 жыл бұрын
+Angel Luis Trinidad, Or the Bank could make a mistake, and allow people to have unlimited withdraws regardless of my available funds. This does happen and has happened.
@GlobalWarmingSkeptic9 жыл бұрын
+Angel Luis Trinidad It is proof that somebody provided a good or service though, that's the thing. Prager University oversimplified the meaning of money here. Money is simply the value of goods and services, not necessarily that they were provided by you.
@brwi19 жыл бұрын
+Angel Luis Trinidad i don't know what's worse, your comment or the fact that you have 16+ likes
@techsupport12949 жыл бұрын
+brwi1 So you believe people's money disintegrates when they die?
@jakatak11349 жыл бұрын
+Angel Luis Trinidad Right. The trouble with capitalism is that money isn't awarded according to how well you serve your fellow man, i.e. teachers. Often it's awarded according to how well you exploit your fellow man, i.e. the Koch Brothers.
@imperijaable Жыл бұрын
As a person living in Europe, I must say that capitalism IS moral. I don't even know how much I have because I can travel, speak, live,and do what I want without some dictator telling me what to do. We don't even know what great thing freedom is. That is today in Ukraine also. People are fighting against Russian tyranny. Capitalism is a great thing.
@mikegreen52499 жыл бұрын
What about monopolies, often the consumer does not have choice
@vincentwilliams29569 жыл бұрын
+mike green The consumer always has a choice... buy a product provided by a monopoly, or don't. As for the monopoly, the challenge is often brought up by other companies seeking to have a stake in that line of business, and the government provides the steps needed to support the challenge.
@bubblegumgun32929 жыл бұрын
+mike green well monopolies are created by government, but lets say there is a monopoly in a free market well than you will have the choice to not buy their product. they can't force you too
@mikegreen52499 жыл бұрын
BUBBLEGUM GUN Yeah ...but there some products you have to buy, because of the programs I use for work I have to have a windows PC. I have no other choice and I have to put up with there product even if it is a pile of shit.
@bubblegumgun32929 жыл бұрын
mike green there is also mac
@mikegreen52499 жыл бұрын
BUBBLEGUM GUN There are large number of people who are stuck with windows due to macs and linux's lack of surpport for some high end software, if i could i would switch on to linux but sadly i can not. i know many people who have the same problem.
@AzureSymbiote9 жыл бұрын
Thank you. This video was highly informative. People like you don't educate enough people unfortunately.
@KeithofRoss4 жыл бұрын
Yes!! This is exactly what I have been trying to say! Free market capitalism is the only moral economic system because it RELYS on me meeting another persons needs and/or wants!
@isaac84516 жыл бұрын
Currency isn’t always proof of hard work it’s often just proof of inherited wealth.
@matteorizzo5 жыл бұрын
Isaac If someone inherits money he didn't make, and a system isn't in place, that someone doesn't know how treat those money. As a consequence, those money will eventually end up somewhere else.
@ethank.32015 жыл бұрын
That inherited wealth was earned from hard work, time, effort, and risk, and was eventually passed down. I wouldn’t complain because anybody can earn enough money to inherit to their future kids in a country that supports the idea that anybody can make it in the market
@kellye20135 жыл бұрын
Money is. Proof of good deeds? That sloppy dyadic assumption of critiques supporting “something for nothing,” alternatives? Sure glad I don’t live in a world where the love of money is LITERALLY the definition of my culture’s self asserted “-ism,”. Did anyone edit this script? It may be the best economic thus far, but it is still on the wrong side of our father’s will
@rockandsandapologetics72543 жыл бұрын
Are you sure? Better go back and re-read Deuteronomy. There's a few things he brought out that I think you've forgotten.
@boxeriain5 жыл бұрын
That was lovely. Thank you for this beautifully cultivated synthesis
@bpqd26244 жыл бұрын
kzbin.info/www/bejne/bpu3dHWfp6p_erc
@boxeriain4 жыл бұрын
@@bpqd2624 thank you for sending me this. It's useful to hear the narratives on 'the other side.' there is definitely polarisation of religions forming; Defenders of capitalism Vs defenders of socialism.
@boxeriain4 жыл бұрын
@@bpqd2624 furthermore, somehow I don't think purging of individuals who don't subscribe to a powerful socialistic government will be taking place on the capitalist side. I am pretty sure the socialists are the power-hungry sadistic mob we need to watch out for. And mobs do not act responsibly.
@hautboxxradio5 жыл бұрын
Beautifully explained! Great video 🙏
@metroboomin39904 жыл бұрын
omg is jimmy duval your cousin!
@hautboxxradio4 жыл бұрын
Zohaib Rao who’s Jimmy Duval? 🧐
@Arthur-fz5dw Жыл бұрын
I'm not socialist, let alone communist, but a big issue with capitalism is that it eventually leads to monopolies, as some corporations hord all assets from a market and buy/kill competition. This eventually lead to monopolies controlling governments and abusing their power. For example, Google, Amazon, etc. Private banks are also a big problem as they have been given the power to create money out of thin air. The workers need to actually build things, and banks which create nothing concrete and delivers no real services benefit from these things like parasites, and also control governments.
@bradleykrebs7543 Жыл бұрын
100%
@Izaki9 жыл бұрын
I love this video. For many years I've been discussing that the Free Market is the way to go! My only question that still remains - what about hospitals, or like other commenters have suggested - fuel? What do we do about services that we have a necessity or dependence for? Do we switch to privatized healthcare completely? It's been a challenging thought for me.
@rockandsandapologetics72543 жыл бұрын
Walter Williams, I just want to say I loved your presentation. You not only showed how the Free Market system not only works but is the best, but you showed what happens when the government gets involved. It may be that many people who say they are against capitalism these days are just upset with what the government has done to it...especially recently.
@HARMstudio62 жыл бұрын
Unfortunately Walter passed away in late 2020. Very sad 😢
@rockandsandapologetics72542 жыл бұрын
@@HARMstudio6 That is sad news to hear indeed. Thank you for keeping me up to date. May you and all those who were comforted by his wisdom be comforted by the Lord.
@jefferyhankins19806 жыл бұрын
Professor Walter Williams is awesome, I saw the great long form interview with "The Great One" Mark Levin on his Show Life Liberty and Levin on Fox News Channel airing every Sunday at 10pm EST.
@Dickens694204 жыл бұрын
The moment someone says a rich person is a bad and greedy person that's the sign someone is poor
@Steven-wv3qm3 жыл бұрын
Republican logic. Flawed as usual. Explain Dan Price, Nick Hanauer, Bernie Sanders, Warren Buffett, Stephen Schwartzman, Jamie Dimon, etc. All wealthy people who critique the gap between rich and poor. Quit trying to feel better about yourself.
@terryturner36 жыл бұрын
Wow! I love this video! Thank you, Walter!
@KatsKettlebellDojo4 жыл бұрын
Simple and profound. This is what needs to be taught in kindergarten!
@jimziemer4744 жыл бұрын
Kat's Kettlebell Dojo Too many people don’t understand this. I was against the auto industry’s bail out for the reason he stated.
@DuckSau2e4 жыл бұрын
Propaganda needs to be taught in kindergarten?
@jasonbourne98193 жыл бұрын
Yep, and not all that drag queen bs
@JamesNobleMusic4 жыл бұрын
You only dislike this video if you’re entitled, spoiled and self-serving. No one owes you anything. Great video.
@limitless16924 жыл бұрын
James Noble Music Nice said . Agree to that .
@redmantis33363 жыл бұрын
Money isn't gained by "serving your fellow man". And even if it was, some people require more money to lead a good life than others (e.g. diabetics), and some can't put in as much work as others (e.g. physically or mentally disabled people). "From each according to his ability, to each according to his needs" is the most 'moral' philosophy, though I dispute the use of morality as an argument. And "vote with your dollar" is a really bad idea, because some people have more dollars than other people. And those people will protect their interests, and the interests of those around them.
@rudybrooks76243 жыл бұрын
In any economy, some bare minimum welfare (government or private charity) is at times nessercary to help some get off the ground or support those with the inability to support themselves so you can apply the "From each according to his ability, to each according to his needs" philosophy to some rarer bottom of barrel cases but adopting a economic system where such philosophy is universal regardless of ones inputs and outputs has never been sustainable long term because of lost incentives, misallocation of resources etc. And yes some have more votes (dollars) but it's because they produced more wealth for society from their product, service or labor. You are rewarded with more votes if you produce value so if I sit on my couch all day than I don't get any new votes that day because I gave no value to society. you can point out rare exceptions but I digress
@jameeztherandomguy54182 жыл бұрын
I was about to say what the guy above said exactly.
@jameeztherandomguy54182 жыл бұрын
@@rudybrooks7624 unfathomably based
@yusirv30319 жыл бұрын
I'm a offensive and I find this socialist.
@hellatze6 жыл бұрын
Jacob K so wrong in this comment... (This vid talk about ho good capitalist lmao)
@hellatze6 жыл бұрын
Roblox User no you idiot. Socialism always force people to do "good thing". While capitalist always have money to support people. Socialist kill themself. And socialist cannot combined to capitalist. Period.
@DsiakMondala6 жыл бұрын
I'm entitled to 50% of your offense, for I'm too am socialist.
@hellatze6 жыл бұрын
DsiakMondala typical Socialist person live in mercy of capitalist.
@tmpqtyutmpqty47336 жыл бұрын
I find it funny that you Capitalists, the lazy of all forms of humans possible, living off the working class' work, consider others to be lazy.
@anonymouskitten47153 жыл бұрын
“Voluntary” yeah okay I’ll die if I don’t acquire da money. Sounds very voluntary. Everyone is entitled to their basic human rights. Food, housing, clothing, etc. You have inherent value as a person. Your value shouldn’t be measured by how much green paper you have.
@anonymouskitten47153 жыл бұрын
@@caribbeanbound8357 1. Just because the world is better doesn’t mean we shouldn’t improve it. Was it whining when women wanted the right to vote? 2. Those things would be provided to you by your community under a contract of mutual aid.
@anonymouskitten47153 жыл бұрын
@@caribbeanbound8357 who’s rights are being taken away, and which rights are they? Also, point 2 is unrelated to the argument I made. My point is that wanting a better world isn’t whining.
@anonymouskitten47153 жыл бұрын
@@caribbeanbound8357 a worker who generates 20$ worth of profits but only receives 10$ of that isn’t having their rights being violated?
@anonymouskitten47153 жыл бұрын
@@caribbeanbound8357 But if you don’t agree to that wage, you die. You need money. And, even without that coercion, one person is still being exploited.
@anonymouskitten47153 жыл бұрын
@@caribbeanbound8357 YES. HUMANS RELY ON EACHOTHER. NO PERSON CAN LIVE ON THEIR OWN.
@kyleboffa7934 жыл бұрын
Our economy forces people to choose between medicine, housing, and food. Jesus told us to care for others, not for 'those who serve their fellow man'
@emptyendeavor27623 жыл бұрын
Wouldn’t they be included in the “others”.... the Bible also says “let him who does not work, also not eat” Thessalonians 3:10
@kyleboffa7933 жыл бұрын
@@emptyendeavor2762 i meant to say not JUST for. Thessalonians was about those who could work but chose not to, and was meant for a pre-modern time
@aleide29804 жыл бұрын
I am not sure i understand... If that grocery store is the ONLY one selling meat, what stop him from charging 100$ for that meat? Now you could say it is moral to do so, in the event that his work and benefit to society are worth 100$. But, if he still buy that meat to producers for like 15$, then he charge you the act of transferring that meat 85$, and we can all agree it is not justified. In that case, you are charging excessive amount of money to someone because you know they have to get it from you. You are exploiting them. Now, you will tell me "if you don't value that meat 100$ don't buy it, and wait for a competitor". Fine. But how is that competitor supposed to emerge? Why would that grocery store let competitor emerge?. And if/when a competitor emerge, what stop those "competitors" to pass "secret" deals to fix the price of that meat? Competition is hurting all competitors involved, and at one point it is only natural and logical to reduce or stop the competition, and enter a peaceful cohabitation state. I would argue the opposite. For Capitalism to work as intended, and be moral, you would need a strong and incorruptible government that encourage and reward competition, for example by providing financial help to new businesses, and protecting them from any interference from already established competitors. But we can all agree that in a capitalist state, bailout aren't good, like it is said in this video.
@tommcevoy48724 жыл бұрын
monopolies are objectively bad, this video isn't trying to justify them
@OfficiallyUnofficialKamala20246 жыл бұрын
"What have you done for society to earn the steak?" "I bet on the stock market." "Okay, here you go, thanks for your contribution to society."
@zstrike3605 жыл бұрын
A risky proposition but that is still capital invested into someone else's product or business.
@hunterutting75625 жыл бұрын
You don't consider that a good thing? He literally mentioned the fact that its consumer spending that determines if a company goes bankrupt or not. Investing in the stock of a company is giving capital to the company in order to grow to allow more consumers to purchase their good at a cheaper price or compete with the competition. Which if you can get through your thick head, benefits everyone. The shareholders, the workers in the company and the consumers...
@elliotaxelman27675 жыл бұрын
*I invested in a company
@surrealengineering78845 жыл бұрын
What you actually said: I invested into a business that used my money to increase it's productivity.
@somkeshav41434 жыл бұрын
the stock market is just gambling that's socially acceptable.
@TheGreatDadoo9 жыл бұрын
nice video... very nice... the problem is with people who have so much money they live off unearned income and have the power of compound interest ... those people end up holding money they didn't earn have have more of it than they can spend. they served nobody and did nothing and, over time, only get richer and richer. so, yeah, this is the best system out there - the most moral as well - but it's not without its glarring imperfections
@GameExplorer01159 жыл бұрын
Finally a comment that makes logical sense!
@winstonwesley99899 жыл бұрын
If the rich are getting richer by helping me buy a home with a mortgage, buying things with a credit card, and lending me money to start a business and purchase equipment, then I am happy that they are getting richer for it.
@cperez10009 жыл бұрын
+Winston Wesley, me too, but that's hardly always the case. A capitalist may compare Capitalism to democracy, in that it's the worst system, except for all the others.
@RobertVanGilder9 жыл бұрын
+David Beecroft The rich people dont sit on their money. They invest it, create jobs and run the economy. There is no rich person who simply doesnt spend any of his money and just has it under his mattress.
@TheGreatDadoo9 жыл бұрын
Robert Van Gilder very wrong, my friend. many, many wealthy people "invest" their money in, say, real estate. they sit on either empty or rented houses and drive the prices up so the lower class either can never get into a home or must pay 30 year plus mortgages and die paying off a mortgage. they buy low and sell high and they don't sell to other wealthy people. they might develop almost worthless land, sit on it, then sell it 20 years later for a big profit. they leech off of the economy like big-bank fed owners. the fact is, you don't know what you're talking about. sure, some businesses grow and use capital to benefit the economy and the people in the economy, but MANY, MANY wealthy people make money with money by building, creating and improving ... nothing at all. they sit on gold, stock, land and other things and collect 8% or so a year off of value and sell only when they think it's at the top. so, yeah, some wealthy people do invest in society and themselves (elon musk, say) but MANY do not. precious few billionaires do anything but buy low and sell high and drive the lower classes "out" that said, yes, it's still the best system out there
@stardustgirl29048 жыл бұрын
This is so stupid, when you make money it doesn't matter, because no matter how you make your money it still gets distributed to those who don't WORK!!!!!
@FletchforFreedom8 жыл бұрын
Well, yes, that is a perfect indictment of socialism. Of course, under capitalism *your* money goes to you and others get *their* money based on the value that they contribute (it's not about "work" per se).
@xxxmmm38125 жыл бұрын
WELCOME TO PLANET EARTH, THIS WILL ALWAYS HAPPEN
@timtimini76419 ай бұрын
What money, the money the Builderbees print up for you to give back to them after you turn the cogs for them? Kids winning tickets after playing the faire...
@von11456 жыл бұрын
The reason people “loose in capitalism” is not because it’s a zero-game. Often times people don’t value “the steak” more than the money but they have to eat.
@dave_riots5 жыл бұрын
It's moral if it's done correctly. In the case of the US, it's done incorrectly.
@nothingatall34324 жыл бұрын
David how so
@dave_riots4 жыл бұрын
@@nothingatall3432 By not doing what we in the US are doing.
@nothingatall34324 жыл бұрын
David okay what exactly are we doing incorrectly
@dave_riots4 жыл бұрын
@@nothingatall3432 Unaffordable housing, terrible minimum wages, unfair taxation for the 99%, awful infrastructure, etc.
@nothingatall34324 жыл бұрын
David minimum wage is extremely high where it stands currently. It’s 12 dollars an hour where I’m from and that makes it almost impossible to find a full time, entry level job. If it goes any higher small business will be basically eradicated from the face of the earth.
@kennylau20109 жыл бұрын
What about the disabled people who cannot earn? Are they lazy to seek help from the government?
@ThisisNosh9 жыл бұрын
+Captain Weeaboo ...would not help them
@brwi19 жыл бұрын
+cactusdesneiges completely false, stupid comment
@zdrux9 жыл бұрын
+Kenny 劉健聰 Don't they have a family and friends? Shouldn't you be posing this question to them instead of people who have never met this disabled person in their life and have no relationship with them? In fact, how do you know the money is not being taken from people who are worse off than the disabled person? Surely a mother with 4 children is more valuable than 1 disabled person who will not contribute much to society? Why are you being immoral towards the mother?
@shurikozerov31649 жыл бұрын
+Kenny 劉健聰 I would much rather my tax dollars help aid those who are unable to to provide a service, rather than those who simply don't want to.
@ThisisNosh9 жыл бұрын
zdrux What if their family and friends don't have the money to help them?
@voltaire34549 жыл бұрын
Tell me this. When a person is born into a very wealthy family they are more than likely do better in life than someone who was born into a poor place even if they were to be smarter than him. This is not equality of opportunity. It is immoral.
@frostboomba14629 жыл бұрын
+Voltaire that is why the person born into poverty should work ten times as they would work if they were rich, it seems you don't understand a meritocracy, by your train of thought all western societies should send all of their wealth to third world countries simply because according to you, its immoral that their ancestors were generally better, smarter, and more innovative while the third worlders only wallowed in dirt, i'm sure that you want bill gates wealth to be taken from him when he dies, so that his kids see none, simply because you feel its immoral that they have a better life that what your kids would most likely ever have. you're such a stupid child.
@jofuf9 жыл бұрын
+Voltaire Yeah, we should catalog the intelligence and physical aptitude of everyone in the country and force the most genetically well-off to mate with the least genetically well-off to create the most average babies possible, then completely control all of their lives from birth to death in order to ensure total equality!
@ExecratedPlaysGaming9 жыл бұрын
My father went from living with 5 other people in a two room log cabin without running water, without indoor plumbing and without electricity to being in the top 10% income bracket. Are you trying to argue that he should not be able to help his children? Why shouldn't the wealth he earned through his hard work be used to give a better start to his descendants?
@vincentwilliams29569 жыл бұрын
+Voltaire If I were born into a wealthy family, that would have been pure chance. I don't get to decide what family I'm born into, let alone decide based on their economic situation (as if I'd know at that age). What a person does with their life, should they be blessed with family money, is the choice they have. Bin Laden was blessed with family money, and he chose to become a terrorist. Paris Hilton is blessed with family money, and you know everything about her less-than-noble activities from the tabloids. On the other hand, people born into poverty can become great and do wonderful things. Lincoln, George Washington Carver, just to name two. I personally wasn't born into money, I know people in the family that have money but I don't have access to it, and it doesn't concern nor bother me. I make my choices accordingly, and thankfully I have enough of a brain to stay out of trouble, despite not having two pennies to rub together.
@419fish9 жыл бұрын
+Voltaire Tell me this. When a person works their whole life and saves up money to pass on to his children, and some self righteous bureaucrat steals his money to give to someone else even though he earned it by providing goods to other people, that is not equality under the law, it is immoral.
@MassimoVas3 жыл бұрын
Whether an economic system is moral or immoral is irrelevant, since we will never know what is right and wrong. We must consider the effectiveness. If we put economics on a moral plan, every economic system would be moral, since the aim of the latter ones is to create wealth. But not everything goes as we expect it, because economics is a human concept, and humans are not perfect; from imperfection you can not have perfection. So, every economic system is flawed, but fixing what had gone wrong can make it less flawed. If we think about it, economics is a form of philosophy (love for knowledge): we will never have the universal knowledge (since it’s not accessible to mankind) but we have a penchant for it, and so we do for the economy
@MassimoVas3 жыл бұрын
@@Ohtiaraa sure, why not?
@willnitschke2 жыл бұрын
"since we will never know what is right and wrong." I think this is projection from you because you're a half wit, sorry. I know right from wrong and so does nearly everyone else. "We must consider the effectiveness" Since certain minorities tend to commit the majority of violent crime, murdering such communities would likely be highly effective, but not moral.
@gammadio9763 жыл бұрын
"I want 4 pounds of steak for $20" "Well what did you do to serve your fellow man?" "I'm a human trafficker who sells children into slavery" "Wow, the free market is so moral! Here's your steak."
@xX_wiLLiam_Xx3 жыл бұрын
stfu
@philippe67873 жыл бұрын
U forgot law and order my friend
@johnkoval18983 жыл бұрын
One of the dumbest comments I’ve ever seen.
@teem42075 жыл бұрын
Thank you for a very good, well explained notion of Capitalism
@georgiyordanov9576 жыл бұрын
Certificate of performance :D People are cheering for learning things that are so simple :D Things like how salary works....
@opszanski6 жыл бұрын
I am a bank CEO. I have just exploited the housing market and sold bundled sub-prime mortgages to make an enormous profit. I now have lots of money, which is my "certificate of serving my fellow man". Now, regardless of whether the company goes under, regardless of whether the bubble bursts, regardless of if we get bailouts, and regardless of who loses a job, I have made *billions* of dollars exploiting the system to satiate my greed. Long live the free market, because thanks to idiots at PragerU, people will now think my profit motive is in their best interest. Thank you, PragerU. I would not be able to get away with this shit without you. Now keep pumping out more videos about how we need to throw all regulations out so I can find new ways to exploit the system without repercussions.
@MrGrillothecricri5 жыл бұрын
You are comparing a basic premise of an ideal flow of capitalism against the more complex and modern structure of today’s capitalism which are two different things. Today’s structure of capitalism is much more unjust than your small town of small business idea of capitalism.
@fightfannerd20785 жыл бұрын
like what?
@unnamedtheanonymous7635 жыл бұрын
@@fightfannerd2078 Well, let's start by considering the media. The media affects people's opinions, and thus the demand that comes from society can be affected by the media. Thus, big companies with money can control swaths of population by paying the media source, ensuring huge demands for products that doesn't benefit society, or even worsens society.
@awesomemantroll10885 жыл бұрын
@@unnamedtheanonymous763 It's not perfect, but the government can't do better. Lots of areas of government are either mostly red or mostly blue, so whichever one gets to control the media gets to put in whatever helps their agenda.
@awesomemantroll10885 жыл бұрын
@@unnamedtheanonymous763 However, I do emphasize that free-market media isn't the best, you're right. Film Theory recommended subscription services to bring back honest journalism.
@advictoriam4663 жыл бұрын
Capitalism is neither moral or immoral, people are moral or immoral.
@mostlysunny5823 жыл бұрын
and the best system to put immorality in check is capitalism.
@ElijaWB9 жыл бұрын
When it becomes a competition of who will perform services at the cheapest cost. Take away things like minimum wage, and you will see just how that will work. You talked about automotive industry in 2009. how about you talk about them during the 1980's? where manufacturing in the south destroyed the American auto industry because Japan started companies there, in an area where they was less regulation (right to work laws) Now to talk about 2009, something tells me the people who made this video are familiar with Glass Steagall. But some how failed to point that that the financial crisis that cause the automotive industry to fail, was due to removing policies that allowed the financial crisis to occur. In other words. Less government intervention is what caused the failure in the first place. (all to increase the money in a few peoples pockets) And the time when the USA was greatest, was when there was a top tax rate of 88%, the middle class was booming and the national minimum wage was created by Congress under the fair labor standards act FDR had it right.
@FletchforFreedom9 жыл бұрын
+Will Brown Except, of course, the auto industry was never in danger of collapse - only the union dominated portion unable to compete. And Glass-Steagal was a disaster that was the real cause of the S&L crisis in the 1980s. I;m surprised there is still anyone around falling fro the bizarre fairy tale that (nonexistent) deregulation had anything to do with the global financial crisis. FDR prolonged the Great Depression and high taxes have never been economically beneficial. Your notion of history bears no resemblance to any reality that ever existed on any planet.
@ElijaWB9 жыл бұрын
FletchforFreedom "Your notion of history bears no resemblance to any reality that ever existed on any planet." funny thing is, i was just thinking the same thing to my self while reading your comment. What caused S&L was more deregulation (DIDMCA/MCA) not Glass-Steagall. Thrift industry did the rest with the reigns removed. After dropping the top tax brackets and including an addidional 61k tax loopholes, our national debt has sky rocketed, and the distribution of wealth have funneled into off shore accounts at the cost of the middleclass and the increase in citizens in poverty. Your notion of history is a fairy tale, and you are blinded by the lies of your Reaganomics teachers.
@FletchforFreedom9 жыл бұрын
+Will Brown Well, gee, skippy, I guess I;d be impressed if I were not an economic historian and you had the slightest clue what you were talking about, The ignorance behind the claim that "[w]hat caused S&L was more deregulation" is profound. Here's what actually happened: Contrary to popular belief, fraud and imprudent lending practices played only a very small part. The problem stems from the artificial distinctions between S&Ls, commercial banks and insurance companies put in place in the wake of the Great Depression (Glass-Steagal). The US is the only nation to ever create such distinctions and their lack has never harmed their economies. S&Ls were given a very restricted role offering mortgages based upon savings deposits. This created an enormous problem as mortgages are very long term (illiquid) instruments and savings deposits can be removed on demand and offer savers a very low return, particularly since the law placed a ceiling on how much could be offered. So long as market interest rates remained low enough that the cap didn’t interfere with their ability to retain deposits, the system only experienced periodic problems. But the market doesn’t care about such caps. By the 70s, S&Ls had been requesting deregulation for years as higher interest rates were steadily drained their deposits. They couldn’t even offer CDs that, at least, could better support long term lending. While no taxpayer money had yet been lost, the crisis was already well underway. By the beginning of 1979, with high interest rates in the marketplace well over half of the capital in the industry was already gone and the whole industry was facing serious net worth problems. With S&L failures already occurring at a rapidly increasing rate, the pleas for intervention were finally heard, but by the time the Depository Institutions Deregulation and Monetary Control Act was passed in March, 1980, to address these asset-liability management problems inherent in the thrift portfolio structure, the industry as a whole was already insolvent. Worse, by trying to deregulate gradually, the underlying problems were still largely unaddressed. By the time the Garn-St. Germain bill was passed in 1982, inevitable losses already far outstripped any existing insurance. A significant minority of S&L managers in a damned if you do, damned if you don't situation took riskier chances on higher return instruments in hopes that these returns would restore solvency and allow them to survive, but that would only have worked if the housing boom continued (and that had only occurred due to Fed policies that had already been reversed). A tiny minority (that got most of the press Lincoln, Silverado, etc.) abandoned all pretense of caring about solvency and attempted to make as much as they could as quickly as they could without regard for depositors, shareholders or insurers. In all, more than half a trillion in capital was lost since the early 1970s, more than half before any deregulation occurred. The bill to taxpayers, only a tiny portion of which was due to fraud or mismanagement, came to about $125 billion. Only the grossly uninformed attribute the S&L crisis to "deregulation". It was caused by dimwitted regulation. Similarly, no one with even the remotest grasp of reality attributes the rise in our national debt to tax cuts (it's too ridiculous for words). Setting aside the claims of the economically illiterate left (but I repeat myself), the fact is that tax cuts, while not "paying for themselves" have, in fact, resulted in sufficient economic growth that they have paid for *most* of themselves. Further, in the wake of each major tax cut, notably Reagan and Bush, the percentage of taxes paid for by the rich increased steadily and substantially. The problem, inarguably, is one of spending (which has actually skyrocketed), not tax revenues. Your position isn't merely untenable; it's completely ridiculous. I'm surprised that you didn't tattoo "moron" on your forehead by mentioning "trickle down" - a slur aimed at a set of policies that overwhelmingly worked, kicking off the greatest job creation period in US history - hilarious claims by the current imbecile-in-chief, notwithstanding. As for the fiction that the middle class is disappearing and that there has been a significant increase in poverty, the facts are entirely against you. Your notion of history is not merely a fairy tale but one told only to children so immature they have no grasp of reality. The chief direction that movement form the middle class has taken is *upward*. And, in fact, poverty in this country stabilized in below 15% range long ago and even that is misleading. With Obama's massive increase in handouts, some 13 million people have left the labor force. You don;t really see this in the poverty figures because the handouts are not included in the poverty figures. If TANF and the EITC are included, the real poverty rate is a whopping ... 4.5%. You simply haven't the slightest clue what you're talking about.
@ElijaWB9 жыл бұрын
FletchforFreedom Thank you for putting time into your response, i really do enjoy different points of view. I know from the things i have read about Paul Volcher, there was some people who had made legitimate improvements in a time when too many people were pulling strings in many different directions(outside of impacts on construction and farming). I take great interest in any topics involving financial stability of our country. But i refuse to fall into the trap of there only being one side that is right. And that is why i spend a few hours everyday reading as much as i can. Your input has driven me to at least a few more weeks of reading. But when you say i dont have the slightest clue of what im talking about. I cant help but lose some respect for you. I would love to see your figures of the owned wealth in this country on a timeline by class. I have a lot of references i look to already, but if you have something from a different perspective i would love to read it.
@expertstrategy8 жыл бұрын
+FletchforFreedom, I never understood the reason why many left-leaning people insist that Reagan's economic policies didn't work. I've looked at a number of different sites, including Wikipedia, and objectively, Reaganomics wonderfully worked. Taxation was sharply cut, unemployment and inflation was reduced by half, 20 million jobs were created. The economy grew by a third, the equivalent of the western German economy of the time. The only negative thing (only as far as I know) about Reagan's domestic policy was the increase of the national debt. I think this was because of his increase of the military.
@aidenb68275 жыл бұрын
Because you start off rich, you serve your fellow man. That totally makes sense.
@starlitmuller9057 жыл бұрын
I'm so glad I've found your videos!
@cedarrapidsss5 жыл бұрын
No, Capitalism is not moral. Please stop making a complex topic look simple and black and white when it is not.
@mcgillicuddy745 жыл бұрын
The people your paying for the meat aren’t getting all the money, the stockholders of meat inc(or whatever) are taking a cut without helping their “fellow man”
@abc-wv4in5 жыл бұрын
No. They risked their own money (money they got by helping their fellow man some way) to start a business, and the stockholders are risking their own money (which they got by helping their fellow man) to buy a little piece of the company. Give something to get something, just like bartering. All voluntary and all required trading something of value to both parties.
@mcgillicuddy745 жыл бұрын
Ok, that makes some sense, but that still doesn’t change my point.
@krepa5994 жыл бұрын
Someone can easily say though that the corporations are not held accountable for their performance, because they are the ones who determine how much their employees (the "free willing" people as mentioned) are actually getting paid. But actually the sole purpose of a corporation is to maximize profits for itself and its stakeholders, it is therefore the one that determines its own survival, depending on the nessecity of the product/service it has chosen to provide.
@PathfinderHistoryTravel4 жыл бұрын
You would enjoy Walter’s friend Thomas Sowell’s Basic Economics book.
@travisolson92624 жыл бұрын
*rich person* invests in stock for a day and takes it out once they earn a profit prageru: that guy is really serving his fellow man
@daytradersanonymous99553 жыл бұрын
Your generalizing "rich person" as if by having money your a bad guy.... If you work and study you toi can become "rich"
@travisolson92623 жыл бұрын
@@daytradersanonymous9955 bruh i’m clowning day traders that produce nothing for our society
@daytradersanonymous99553 жыл бұрын
@@travisolson9262 Aaahhhh
@daytradersanonymous99553 жыл бұрын
@@travisolson9262 still how did they "get rich" plus if its so easy give it a try. Just saying there are plenty of other far more serious issues to complain about. Like marxist theories become popular🙄
@travisolson92623 жыл бұрын
@@daytradersanonymous9955 i used to day trade in my libertarian days for about 6 months and made +2,500% return. it’s not hard it is just stupid that you can manipulate money and make a lot of it
@DakuHonoo9 жыл бұрын
i think this whole look on government is too simple, how about not allowing bailouts? i don't think the big government itself is a problem but rather much the corruptibility of government officials, for fuck's sake, lobbying is legal, it shouldn't be
@Marcara0819 жыл бұрын
+DakuHonoo How about you don't use state violence to force other people to do what YOU want them to do? I mean, you think because the state gave you the right to utilize their guns to your benefit that you should? Voting is immoral. Start there.
@DakuHonoo9 жыл бұрын
+Marcara081 what the hell are you talking about?
@leonardsun96389 жыл бұрын
+Marcara081 what?!? non of these statements make sense.
@georgecataloni47209 жыл бұрын
+DakuHonoo That's basically what he said, though he listed bailouts, subsidies, and food stamps. You might think foods stamps is a good cause, or at the very least doesn't cause the same problem with the economy, but subsidies definitely cause the same problem as bailouts.
@DakuHonoo9 жыл бұрын
+George Cataloni no, not really, he implied that a big government is definitely a bad thing which is not true, badly executed government is a bad thing ... i do see a problem with all what he listed but i despise one sided arguments, he didn't list a single positive thing about government... this is prager after all, whether the point is right or not, they always make it terribly one sided and simplified
@supergrizzidentity7 жыл бұрын
Very very good illustrations. One of my favorite Prager videos so far.
@balathayaparanthayaparan61887 жыл бұрын
🌎 As long as people continue to see themselves as separate from everything else, they lend themselves to being completely enslaved. Success depends on how well we relate to everything around us. Joy comes from that bliss of connectedness. I believe that unarmed truth and love will have the final word in reality. To love; you should have good heart. I am a good person until I see a person better than my standard of goodness. Being good is the progress towards a worthy cause. Love is God. Whoever lives in love, lives forever. How selfish it is to try to keep something forever? Love is all about nourishing, nurturing, sharing and expanding the love within you for all. The principle to which we adhere to is that we have kindness of love at heart for the whole of mankind. As long as there is the unnecessary differences within us; we can not live peacefully so we have to eliminate all the unnecessary differences among us so we can love all. People abilities may vary but not there true love. If we love a person/ God for a reason then we love the reason but not the person. No reason is the reason to love the person because true love never fails. So do not compare or measure the true love as first or the last but love all truly. If you love people truly then you can understand people. If you don't love then you don't understand people at all. People are controlled by system why? The Cyclical Consumption is the current economy all over the World. It is making the scarcity problems of the earth finite resources to deteriorate day by day. Current Monetary System is legalised theft. Real money is Gold and Silver. Scarcity gives the money more value. Real money won't lose it's value. When Governments stay away from Gold & Silver then very easy to transfer the wealth / resources to upper class the Rich (Corporatocracy) Elite. When the Governments are printing out more new fiat currency with reserve banks, our old currency is losing its purchasing power everyday. They are printing millions of currency everyday. All governments and laws are existing right now to transfer wealth to upper class the rich elite. The USA Government & other Governments are in many countries, bailed the investment banks & financial institutions in 2008 against the majority of the people. There is no democracy in any countries. Because of the Money System based on profits motive only above all else even humans lives and well-being. So, we do not have freedom to protect our values with the money so on. The violence, bankruptcy & all the negativities are build into the Monetary System of our society. All are owned (including ourselves) by Reserve Bank. Which is private cartel the corporation. So, in legal system, we are legally considered as chattel the properties. They make money in the capital markets with our birth certificates. They do not consider us as Humans. That's the truth. We are at the invisible war with the Elites (Corporatocracies). We have to fight for our Freedom. Resource Based Economy is the Solution. We have to declare the earth resources as the heritage of all the people of this world. So everyone has access to it. Please have your research about zeitgeist movement then you know the truth more. Truth About Health/Drugs Industry Because Of It Your Life At High Risk The drug industry is a 1/2 trillion dollars a year worldwide conglomerate. Almost 300 billions dollars just in North America. That is really big business. What would happen if everyone were well? There is no money in health. You see, good health makes a lot of sense but it doesn't make a lot of dollars. Because everything they do is toxic. Every drug they use, prescription drugs, all drugs are liver toxic, bar none. If you've had amalgam fillings put in your mouth by dentists. It is highly toxic. There's cancer because most of the chemos are themselves carcinogens. To view the tumor as the cancer and we know the tumor is not the cancer. The cancer industry is 200 billions dollars a year. The more work they get, the more profit there is. You have to dismantle; If the truth ever came out about what we would need to do. 30% of people of females in America are at risk of getting, will get cancer of the breast. The ones that are already dead have been grossly mistreated by the medical profession and by the government that supposedly is supposed to encourage free research and development of all possibilities. Why would medical doctors who studied medicine and practice medicine and are heavily funded by pharmaceutical companies why would they go and look into vitamins? That they never had the answer orthomolecular. And as more and more of our population start taking their health into their own hands, there's going to be even more and more of changes. It can't go on the way it is. The system is failing apart. We must make nutrition the primary prevention strategy for the population. You are what you eat. You are everything that you have ever done to yourself. The choices you make directly affect the outcome of your life. - (Food Matters Documentary in Netflix)
@MYYT02146 жыл бұрын
Is it still moral when factory owners take advantage of labor by making the wages for the workers as low as possible so the owners can make the most profit?
@awesomemantroll10885 жыл бұрын
That happens in monopolies. Everyone admits that the free market is amazing, yet monopolies are its Achilles heel. The way to combat this is not to combat the free market with government but for entrepreneurs to find a way to compete with the monopolies.
@EuropeChannel9 жыл бұрын
Change "Limited Government" with "No Government" and I'll give you a dollar ;)
@tonstad399 жыл бұрын
I agree with some aspects of Anarchy, but how would diplomacy work?
@EuropeChannel9 жыл бұрын
tonstad39 What is a diplomat supposed to represent? xD
@Zhaneris9 жыл бұрын
+Europe Channel No Government = Invasion from a country with Government
@Pepechu9 жыл бұрын
+Europe Channel I would like to say no government, but we need a police force, we need a military, NASA is not needed but useful, etc.
@famas76389 жыл бұрын
+Europe Channel Ahh yes! Somalia is a shining example of Anarchism! Let's implement that everywhere!
@ChanMan-mm7fe5 жыл бұрын
So I'm guessing "What you put in is what you get out" is considered immoral?
@SlutGdanteChosenOneSwinger144 жыл бұрын
In the past it was moral what you said, but now, its not really. Now people need to be paid a little more for the same amount of job, but not too much.
@videakias30008 жыл бұрын
so the reason electronic arts is not punished after all these years is because the market is not free enough?
@oldman66888 жыл бұрын
I love you
@freshrockpapa-e77998 жыл бұрын
The reason is that kids are stupid enough to pay 60€ for a shitty product every 6 months. Why would EA be punished for giving people what they want?
@videakias30008 жыл бұрын
Eric Pive 1)pay 60€ each month?what are you talking about? 2)almost every company is better than ea,so why they make less money?(ea is one of the largest companies by revenue)
@freshrockpapa-e77998 жыл бұрын
videakias3000 1) Im talking about the price of their products and how often they release them. It might not be entirely accurate because i'm not really interested in them 2) They make less money because EA is one of the largest companies by revenue. You explain it yourself.
@videakias30008 жыл бұрын
Eric Pive that's not what I meant,how does a company with so bad products makes so big revenue?
@prashantsingh4u5 жыл бұрын
About bail out packages..what you have discribed is a very idealistic situation..but in reality..there are mamy more lives dependent upon the "big corporate".. For example in my country india Jet airways has stopped their operations and grounded them temporarily putting future of 20000 families at stake... Government has a responsibility to those..... Your theory just assumes that everyone has enough lawns to mow and earn 20 $... But unfortunately that is not the case..
@jameswhite34155 жыл бұрын
Prashant singh America is far richer than India and now relies heavily on machine labor soon to be far more so than human labor.
@andrewkelly20285 жыл бұрын
Ironically, people think the key to fixing corporations and such is MORE government control, as though they can come up with some kind of law to tell corporations "Don't suck at your job!" They need to see this to realize that the solution to breaking up bad business and corporations is less government control!
@luciernagas56615 жыл бұрын
The key isn't more State intervention, the key is another set of rules more fair to the workers and the rest of society
@Greyz1746 жыл бұрын
IF A CORPORATION DOES SHITTY THINGS WE CAN STOP GIVING THEM OUR MONEY EVEN IF THEY HAVE A MONOPLOY ON GOODS AND SERVICES THAT WE WILL DIE WITHOUT. OK WOW THANK YOU, THIS IS SO WELL-INFORMED
@hamzamohamed2010 Жыл бұрын
not true anymore, look at airlines in the pandemic, the US govt dumped 1.8 TRILLION dollars into the airline indsutry because no one was traveling, even tho no one gave them their business they were bailed out
@theotherguy6951 Жыл бұрын
Harmful monopolies are only created when the government grants established firms that privilege and creates barriers to entry for new competitors. After all, the government is itself a monopoly.
@Greyz174 Жыл бұрын
@@theotherguy6951 is the plan to get rid of the government
@theotherguy6951 Жыл бұрын
Only when the government leaves the free market largely alone does it become more competitive and we get more innovation.
@Greyz174 Жыл бұрын
@@theotherguy6951 to what extent should it not leave the free market alone?
@tylermustardloooser3866 жыл бұрын
So, if you're born into a rich family, you're clearly serving your fellow man
@unfortunateson50165 жыл бұрын
Your family did
@unwiser5 жыл бұрын
Well to stay rich you got spend your money wisely and start or upkeep the family business which in turn is serving your fellow men
@zXBananaGamingXz5 жыл бұрын
this argument makes no sense if you think about it for even a moment
@drakeyarnal67185 жыл бұрын
When you buy stuff, you help your fellow men libtard
@cosmosaic81175 жыл бұрын
Just because you're born into wealth doesn't mean you won't do anything for your fellow man. If he does nothing to support it then he will eventually become poor, or his children will.
@maxbuskirk53023 жыл бұрын
0:25 - 1:30 The rich, proportionally to their wealth, have not "served their fellow man" nearly as much as many, many hard-working people have who can barely make ends meet, or cannot make ends meet. 2:45 Are you knowledgeable enough about the actions of big corporations to make accurate opinions about them? Are you able to form effective boycotts against companies like Mondelēz, Exxon, etc.? Companies aren't all evil, they provide us with good things, but they also affect the world in unideal or bad ways due to their power. Not to mention, monopolies exist too. 3:40 I haven't verified this myself, but the companies likely lobbied the government to do this.
@itzolie4 жыл бұрын
“There’s no coercion” 😂😂😂
@economiaemquarentena45924 жыл бұрын
in a stateless capitalist society there can be no coercion, no state, no authority
@beng41514 жыл бұрын
Yes, no coercion. What are you referring to?
@TheySchlendrian4 жыл бұрын
@@economiaemquarentena4592 Capitalism itself is the Authority...
@ando30874 жыл бұрын
@@TheySchlendrian if capitalism is an authority, then so are the laws of physics. It is like saying that you do not consent to not getting resources for free, a notion as absurd as saying that you do not consent to your bodily need for food, calling nature immoral for forcing you to eat.
@TheySchlendrian4 жыл бұрын
@@ando3087 Capitalism is man made and artificially keeps away the resources from people who need them. (like having food for 10.5 billion people while a proportion of 7.5 billion still starves to death) To say that people don't deserve food because they didn't work for it (although in most cases they do) is justifying millions of unnecessary deaths that are provided to us by capitalism. People are social creatures and so depend on each other for survival. The everyone for himself attitude in capitalism isn't natural because it denies the principle of mutual aid in our own evolution. Furthermore Capitalism denies the very laws of Physics itself by having a supposed endless growth, while the resources of this universe are finite.
@RedHotYankees4 жыл бұрын
Rest in Peace!
@pnbproductions60087 жыл бұрын
well, the government had to bail out the auto industry, because without it, the whole economy would collapse. Thus, it helps everyone.
@screwmuckduck89055 жыл бұрын
PNB Productions they definitely need to get their act together.
@benmaxey39656 жыл бұрын
His claim at 3:15 that auto industry went broke because they made an inferior product is objectively false. People couldn’t afford to buy a car and pay for gas to drive it because it was smack dab in the middle of a recession created by the free market.
@ashburnian4 жыл бұрын
Verizon won't let me switch from the heavily tied package to an internet only package ...
@thelastpioneer28243 жыл бұрын
RIP the legendary Walter Williams (1936-2020)
@mrcombine79836 жыл бұрын
Thank you, for the facts I can arm myself with against those communists
@avelus59844 жыл бұрын
Hey, better than believing on living in a mess where there is extreme poverty.
@boldizsarfekete75764 жыл бұрын
Megacorporations go abroad where they can employ child labour and force workers to work for long hours for next to no money. And flying the products in with planes damage the environment. Basically, if it's cheaper, corporations will do that, even if it's exploitative and damages the environment. Sounds like the most morally right system isn't it? Also, if you aren't the best company, and the competition can possibly take money away from you, you can just simply buy up the smaller, better company and close it. Can't lose competition if there isn't any, am I right?
@JorgeGonzalez-gu7ve3 жыл бұрын
Thats why there are anti monopoly laws
@JorgeGonzalez-gu7ve3 жыл бұрын
But unfortunatly there is another way to get rid of the competition
@JorgeGonzalez-gu7ve3 жыл бұрын
And that way is to be an allie of the goverment and telling them to put higher taxez and bigger minimum wages If the goverment does that the small business cant pay all their employers and they have to fire people put higher prices or close
@JorgeGonzalez-gu7ve3 жыл бұрын
There is a lot more to say about this but i think this is enought
@Gman2405 жыл бұрын
If capitalism is about greed then socialism is about envy.
@luciernagas56615 жыл бұрын
Is about justice, not envy. Isn't about the consumption good you can buy its about power relations and the possibility of real democracy for the masses.
@kalamay5 жыл бұрын
JUSTICE?! More like an abhorrent and skewed view of justice disregarding current realities, history and proven science which I mean economics and the psychology of humanity.
@1976turkish4 жыл бұрын
Thank you sir. Socialism: I breathe so give me stuff at others expense.
@mysteriousmuffin60174 жыл бұрын
Socialism: we want to give you control over your own means of production Conservatives: “help socialism is trying to take all my stuff”
@herrnchaos74903 жыл бұрын
Defending monopolys is dumb
@philippe67873 жыл бұрын
Agreed, except defending monopolies is the same as obstructing the free market…
@atomicTurtle0003 жыл бұрын
What about transactions that have negative consequences to society as a whole? Eg oil companies certainly produce a service but also hurt everyone. Why is this a moral transaction? Especially when the oil companies knew about the issue and covered it up.
@georgemichaels95118 жыл бұрын
Except certain people control all the resources and can therefore ask for any number of certificates from others who have to endlessly serve their fellow man. Marx had it right. It's all about the means of production.
@TjDarkFallenLH9 жыл бұрын
No, capitalism is not moral.
@alexwr7 жыл бұрын
How?
@christianriddler50637 жыл бұрын
Sick argument, xD. Jackass...
@emperoralvis65597 жыл бұрын
Nice argument.
@MyChannel-eo8ic6 жыл бұрын
This is so RIGHT! We need more videos like this!
@zendrarockz6 жыл бұрын
What about people who cannot contribute to society? For example, what about people with too severe of disabilities? How do they fit into this system of operation?