How Companies Plan The Economy

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We've been told all our lives that competition, free markets, and ruthless business practices are the best way to run an economy. If that's the case...why do all major corporations operate as planned economies? And how can we follow that example to build a nationwide planned economy?
How Companies Plan The Economy - Second Thought
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Citations and Further Reading:
Books
books.google.com/books?id=0Oh...
books.google.com/books?id=IcC...
books.google.com/books?id=VBC...
proyectoballena.cck.gob.ar/wp...
Economic planning & related topics
scholar.googleusercontent.com...
scholar.googleusercontent.com...
biblioteca.clacso.edu.ar/ar/li...
ouleft.org/wp-content/uploads/...
cominsitu.files.wordpress.com...
• "Economic Calculation ...
transferics.com/2016/10/23/th...
• Degrowth's Malcontents
doi.org/10.1080/14747731.2020...
archive.org/details/anarchist...
archive-ouverte.unige.ch/unig...
doi.org/10.6094/behemoth.2021...
socialistregister.com/index.p...
alternativniekonomiky.fss.muni...
Walmart bad
fortune.com/company/walmart/f...
en.wikipedia.org/wiki/Critici...
www.businessinsider.com/berni...
www.motherjones.com/politics/...
hbr.org/2006/12/the-high-cost...
www.huffpost.com/entry/walmar...
laborrights.org/in-the-news/i...
www.nytimes.com/2004/01/13/us...
www.cbsnews.com/news/walmart-...
www.businessinsider.com/walma...
www.winsightgrocerybusiness.c...
en.wikipedia.org/wiki/Walton_...
Walmart collaborative planning
www.8thandwalton.com/blog/cpfr/
corporate.walmart.com/esgrepo...
Sears
• The Losing Battle of S...
www.versobooks.com/blogs/4385...
Declassified Chile documents
www.intelligence.senate.gov/s...
Cybersyn - A Documentary
• Cybersocialism: Projec...
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[@SecondThought]

Howdy, friends! I hope you enjoy this week's video. Let me know what you think of the recent changes to the format! If you'd like to help support the channel, consider signing up for Ground News, it's super useful in teaching your older friends and relatives media literacy skills. Sign up using my link and get 30% off your subscription: ground.news/secondthought

[@LiminalAlice4417]

I love how the episodes are longer and feature on location filming. I still miss weeklies but I think this is certainly a quality > quantity type thing. I don’t know you personally yet I’m still proud of how far you’ve come.

[@prateekshatiwari1943]

I love the new format. Breaks the "monotony" of a monologue (I found those interesting too, because I find the things you talk about interesting). Also on a sillier note, it is nice to see you in 3D! :D

[@Pridetoons]

Hard hitting shit as usual Second Thought.

[@banko-xv4rt]

You really got better at editing

[@digitalreject3233]

I am a 64 year old boomer and I prefer the printed format of information gathering. However, I think what you are doing is fantastic. I have watched a few dozen of your videos, and yes there is repetition here. Good! Keep repeating it until everyone gets it through their heads that free market libertarians are making everything worse for the rest of us and better for the 1% only.

[@Burnside128]

I love that Second Though has entered it's "going outside" arc

[@Matthew.E.Kelly.]

JT is questmaxxing with a Lenincore aesthetic, he's critiquepilled & ready for the revolution arc.

[@masterofalltrades_]

He's on his praxis arc

[@keanuxu5435]

We all should start our own "going outside arc", especially for bringing socialist policies to combat capitalism.

[@brigidia8218]

@@Matthew.E.Kelly. hehehe

[@GTAVictor9128]

Too bad that with this being in the US (presumably Texas, which is particularly car-centric), he needs to drive anywhere he goes.

[@bonelesswatermelon420]

I died when JT whipped out the Subway Surfers just to keep our tiny attention span from straying away

[@toniok.4726]

@thelegendguy I feel like it's ref to minecraft pakour video that talk serius stuff but the visual is just someone jumping and running around.

[@MichaelWitters1]

Omg I cracked up when I saw the video meta show up haha just missing the colored sand now!

[@masterofalltrades_]

​@thelegendguy It's pretty effective ngl

[@outtasitejakob]

And I hate that it worked on me 🥲

[@KidTheFail]

He knows is too well.

[@harukiito8655]

This channel has gone from using stock videos to a documentary style and I love it.

[@daviddiallo480]

its gone from hand drawn cows🤣

[@scumbagdyln]

​@@daviddiallo480fellow og second thought fan 🥲

[@ProleDaddy]

​@@daviddiallo480 Hey, as long as those cows are leftist cows, I'm all in.

[@Aaron565]

This is propaganda predicated on logical fallacies. Socialism doesnt work because individuals are motivated by personal self interest, not the interests of the centralized state or the privately owned interests that own the state. Governments lack the authority or sophistication to direct all economic actors, which is a technological limitation. Retail monopolies using internal data to inaccurately forecast demand for supply coordination has zero relevance to a state attempting to collect all data to control all industry. False equivalence. All of the "problems" cited with "free markets" are in fact examples of utilizing the state to prevent competition, thus picking winners and losers ie socialism. False premise. Modern "socialist" countries utilize international free markets, meaning capital still exists internationally and competes outside state authority. In the worst case individuals in socialist countries stop working because compensation for their own production is impossible, meaning their personal interests are supplanted by the state. They cant vote nor would expect representation because everything including their privacy is property of the central authority (thus the private owners of the sate), meaning they lack any form of rights because the state has total monopoly on authority. Regardless of their efforts they are never compensated, while private interests compel them to work as slaves, and all peer to peer commerce becomes illegal black market trade.

[@omjagdeesh8731]

@@Aaron565 You drank the cool aid

[@pinkorcyanbutlong5651]

I'm studying computer information systems and a lot of it is centred around the corporate side, and a lot of it includes stuff like (paraphrasing) "an efficient company works in a system that each sector gets a voice to discuss its issues and goals and work solutions with the others", and "an open information system that is collaboratively controlled and sends the right information where most needed is best"; And I can't help but be "wow, this sounds almost like a certain economic system"

[@plato8427]

University is so corporatised it’s a joke, it pisses me off

[@McHobotheBobo]

Like Marx said, socialism is inevitable.

[@McHobotheBobo]

@bowencreer3922 Efficient by what metric? Monetary return or resource and land use, etc.?

[@utkarshtrichalxpearl4427]

@@bowencreer3922 Bro read the comment.

[@veryveryred]

@@bowencreer3922 inb4 capitalists claiming that economic planning policies are actually very capitalist and not socialist at all once they have to admit that it actually works better than whatever they are doing at the moment

[@TenaciousLeeTV]

The most frustrating part of all of this is seeing the answers and solutions right there...right in our reach, yet knowing a good percentage of the population will actively fight against their own best interest...

[@PhedelCastro]

Seems like socialism is not in anyone’s best interest. It’s been a disaster every time it’s been tried. We are currently living in relative paradise with capitalism. And the fact that he wants to switch to that system without working out how it would work exactly is troubling.

[@TenaciousLeeTV]

@@PhedelCastro if you think this system is working, you're demonstrating my point entirely.

[@juliancalero8012]

​@@PhedelCastro somehow Cuba is better educated and healthier than the USA while exporting more doctors internationally while under crippling sanctions that are illegal under international law

[@quintinspina4270]

@@PhedelCastro he talks about how it would work in many videos… what exactly do u mean by that

[@PhedelCastro]

@@TenaciousLeeTV it is working. Even poor people in the US and the west have comforts never available to socialist poor

[@redderthanmisty6762]

I can't believe how much the production value on these has skyrocketed! You definitely made the right decision with moving to a two week cycle.

[@aaaaasssss884]

He doesn't need to catch on the youtube algorithm for profit which is a good thing !! Than he can make quality over quantity like Rockstar games or Valve.

[@faxmine]

Not only that, but with longer content, they can explain the views and also explain how it works in a much more thorough way, rather than having to cut it short for the sake of time. This video alone has given me so much to look into when it comes to explaining to my brother how an actual planned economy/social system would work, and also other countries than just the USSR and China as examples of socialism.

[@yoshinumberone]

I agree! Something I didn't know I wanted but I really like the production value on these videos that take two weeks since it almost feels like a documentary at this point!

[@fanemanelistu9235]

I worked for a huge multinational that went through exactly the same thing as Sears: some "innovative" CEO decided to reorganize the company into autonomous business units that would concentrate on their own success, and the multinational almost went bankrupt; then a new CEO came in and reinvented the wheel and mandated that the business units work together towards the common good, with little attention given to individual performance, and the multinational strived again.

[@user-jy5qm8nc9m]

Name of the multinational ?

[@thekaxmax]

I take it it wasn't Sears, cos he covered that one

[@SgtLion]

ape together strong

[@thawhiteazn]

This is what we should mention when people like Trump say the country should be run like a business. “Ok, so a planned economy then?”

[@HansLemurson]

@@thawhiteazn I'm not fully versed in Trump's business genius, but I _think_ what he meant was to refuse to pay our bills, transfer all the assets to an overseas shell-country and then declare bankruptcy.

[@CommieTeis]

I love how much you use Allende as an example of succesfull socialism, it makes me proud to be Chilean (and im an internationalist)

[@alexjeffrey3981]

Allende is the GOAT, if only he'd listened to Castro

[@dichoseadepaso]

wena

[@burninsherman1037]

Solidarity, friend.

[@immaheadout4777]

I loving these new videos are going deeper in depth and we can truly see the real consequences of capitalism instead of only scratching the surface of problems with capitalism.

[@im_lover_boy_96]

Seconded!!

[@masterofalltrades_]

Practice and theory

[@Emiliapocalypse]

@@im_lover_boy_96 second thoughted!

[@larsg.2492]

The Sears bit was interesting, because it is so niche. Same goes for Cybersyn, as an idea for an idealistic information age with total transparency. The rest is just basic economy, don't you learn stuff like that in school?

[@chanafool]

@@larsg.2492 ima be real none of this was taught in the grade school of economics

[@abvd92840]

3:56 The quote "You can't privatize the profits, but socialize the losses" stands for such banks

[@TheModdedwarfare3]

Oh but we can. :)

[@SolidAir54321]

This phrase is getting around a lot but I think it only hurts the understanding and adoption of socialism. It implies that socialism is about welfare or redistribution of wealth to those who don't deserve it instead of workers owning and operating their companies democratically. That's exactly why so many people are afraid of socialism. Because they think it's about taking away their hard-earned money and giving it to some undeserving couch potatoes.

[@chrisparsons2791]

I'm an older guy, been following you since January of this year. I appreciate what you do JT, informing people of the constant disinformation. I've learned so much in just three months watching your channel, and your friends Hakim and Our Changing Climate. I've always championed Socialism, we desperately need it. It's good to see your bravery in the face of such insane hatred of the very thing that can help us. Change will come, we just need to educate and lead by example. You ARE the voice of change for me. Don't ever stop.

[@marcriba7581]

More and more of us are on it. Not enough to stop the coming fascist uprisings, but those of us that survive will be there to offer a way to a world disappointed of both liberalism and ultranationalism.

[@EZLN]

@@marcriba7581 hopefully. haha i feel pretty similarly. corporations and the the wealthy will no doubt be willing to sponsor fascist movements if it means they can keep some of their power.

[@coolioso808]

Agree. Change can happen through education, leading by example and community building with a plan to create a viable new, efficient socio-economic system. A ground-breaking book recommendation for anyone interested in this would be The New Human Rights Movement by Peter Joseph. Plenty of free and informative videos on TZMOfficialChannel on YT as well.

[@bowencreer3922]

I’ve been watching for three minutes and can already see…. He is the disinformation. Socialism kills. It kills people. It kills the environment. The Soviet Union destroyed the Aral Sea. China is the biggest polluter on earth. Capitalism is what creates and implants clean energy and conservation. Get your head out of your ass.

[@mansory7996]

@@marcriba7581 These people literally simp ussr so wtf are u talking about ?

[@VeganMarx]

I worked at Walmart for 3 years. They wanted me to move into upper management and that’s when I decided I was done with retail. Great work as always comrade, TJ.

[@mansory7996]

Walmart is capitalist

[@RIPKabosu2000]

Based

[@mywaterco0lerromance]

great story, vegan karl marx

[@abhinavprabhakar455]

Hey please explain

[@abhinavprabhakar455]

What went wrong?

[@liamtahaney713]

As a lefty with a degree in Finance I really appreciate this video.

[@Skoopyghost]

I'm just an starving artist in Iceland. Hoping his novel can make a living because he doesn't fit in the work place because of autism. I take under that.

[@saidifmejia9173]

same here except as a lefty with an accounting degree

[@Matthew.E.Kelly.]

I've worked at Walmart since 2006 & this video should be an unskippable infomercial broadcast everyday at 6:00 in the evening across every television in the U.S.

[@HM-rz8nv]

I was in a walmart recently, and i overheard a truly embarrassing welcoming song, where the employees literally had to sing out every single letter of Walmart while welcoming the new employee. I got serious second hand embarrassment from that. I feel so bad for the employees that are made to do that crap.

[@TheModdedwarfare3]

@@HM-rz8nv If you're not willing to degrade yourself by doing that song then you will have a higher chance of being a problem "unionizing" employee.

[@lars1588]

This channel needs to blow up soon because his content has gotten even better. He is saying what the working class needs to hear, and he presents it so concisely and understandably. When I show people these videos, they actually understand and learn something.

[@cwtrain]

>This channel needs to blow up soon 1.5 million subscribers. While even more viewers would always be a good thing, I feel like he's already well and truly kicked the ball between those goal posts.

[@mansory7996]

yeah the workers were truly free in ussr

[@Limbzbiscuits]

​@@mansory7996 what the fuck does cccp have to do with this?

[@endcaps1917]

@cwtrain eh most of those subs are dead because of his content switch to socialist content

[@vebdaklu]

​@@mansory7996 Yeah, and that is why workers in capitalism shouldn't be free either, right? Right?

[@RobinHerzig]

Knew about the US killing Allende + how, thought I understood why… but never knew about this CyberSyn plan. Wow! Gotta say, JT, your stuff has always been great/outstanding but it just keeps getting better + better. For real 👏 Keep going

[@SimGunther]

They _plan_ to pay as little as possible and make as much $$$ as possible. They don't care too much for logistics unless it's costing them too much.

[@delorean777]

This could be why they are closing stores in Hawaii. They don't want to pay to have items shipped....

[@toyotaprius79]

There's no profit incentive for thinking long term , or even sustainably for anything outside of the business.

[@MichelleHell]

When you realize efficiency means they spend 0% of the monetary supply and rake in 100% of the monetary supply.

[@MichelleHell]

​@@toyotaprius79 Profit is an investors game. Surplus is another story.

[@thematronsmilitia]

I have direct experience with this at Wal-Mart, they use a point of sale ordering system and minimize storage at retail locations, so when there was a snowstorm in Wyoming, something that is pretty predictable, the trucks would stop and the shelves would empty, workers would have nothing to do and then more than they could do a few days later

[@theangrysocialist6884]

the amount of strikes in the last few week in Germany have been truely breath taking and anytime some blames the worker I asked them what they would do if they were more exploited they already are

[@masterofalltrades_]

Same goes for France. I hope they actually revolt this time

[@shadowmystery5613]

Just don't tell anyone that a strike can actually used against employees.

[@GTAVictor9128]

The whole world needs to learn from the French.

[@michaeladkins6]

Blaming the worker is right out of the neofascists playbook.

[@shadowmystery5613]

@@michaeladkins6 No because many people are inherently selfish and only think about themselves. "How will I get to work?!" "I wish I could drive around all day!" etc. When it gets nasty for our nimbys and they are affected then it hurts them. If a bus driver has bad work times over the day like 4 hours there and 4 hours later they give a fuck about that. After all, at least here in germany, you aren't supposed to do what you're good at, you're supposed to do what's the most profitable at any costs. Or shut up, stop complaining and be satisfied with the few crumbs you get thrown.

[@terran9264]

The thought of democratic planning has me literally fanboying over the prospect of it. Knowing that we have the means to make it happen, it really brings me a lot of hope. Thanks so much for this!

[@helium-379]

I dont know where you live but usually America is used as an example. Economic planing already exists. One example would be the government giving incentives for companies to behave certain ways and participate in a desired market. Case in point being all the money being pumped into EV cars and alternative fuels such as hydrogen. Its not just the money either. Its takes more to guide companies to go down certain paths which = money. So just indroduce taxes, policies, etc. to push companies down certain paths that would ultimately = money. However said measure can backfire hard and ironically drive the cost of living up. So be very very careful with exactly what and how you introduce plans. Also there isnt a need to implement measures on federal levels. That is just absurd, wholy unrealistic, and can have drastic concequences. I'd recomend trying things out on city or county levels before anything is scaled up. Don't be a minge that things they know what is best for everyone. You dont speak for all voices, just your own.

[@mansory7996]

imagine supporting a planned economy when there are literally only examples of failure

[@gneurkemaep9100]

@@mansory7996 well maybe fighting an economic war against a system thats centred around maximising economy can just be lost by any system, that doenst sees economy as most important thing. its not a lie, capitalism crates the most wealth of any known systems, but its like working on crystal meth, ofc, ur faster bether stronger than anyone else, but u only have that much of resourcess and the time where capitalsim develops a "hangover" is already at the horizon, besides that, capitalism always prefers the one with money. When I as an european see the dystopia the US has become, im actually more afraid of capitalsim. In the end...only siths deal in absolutes

[@endcaps1917]

@MANSORY did you even watch the video Or are you just here to harrass people in the comments

[@mansory7996]

@@gneurkemaep9100 they literally built the Berlin wall to stop people form escaping to the west. U know ur economic system is bad when u have to stop people form fleeing

[@andreaspapagreg6727]

As someone who has read "The Peoples Republic of Walmart" I have to say, this video perfectli visualizes and simplifies some of the most important point brought up in the book. Fantastic Video!

[@grunklesmuff]

The Peoples Republic of Walmart has many errors and is not that good

[@MatthewDLDavidson]

This is absolutely remarkable and completely true. John Kenneth Galbraith pointed out in the 1970s that oligopolies are able to control their business and sell below cost sometimes because they are so wealthy that their actions have nothing to do with the purported “market”. Thanks for posting these truths when no one else is.

[@mansory7996]

Where does these companies operate in ? the market, they plan based on price signals form the market

[@grunklesmuff]

It's really not true. Walmart doesn't represent a planned economy, and a fully planned economy is bad.

[@user-em6ie2be7x]

I've always found it interesting how companies blame workers for high prices & inflation when it's The Greedy CEO's & Shareholders who actually set the prices for the things they sell.

[@zertun2380]

Its worse then that. Workers and normal people can never be blamed for inflation, because its like saying we steal from ourselves. What I mean by that is that to fight inflation normal person must pay more, in hopes to cover a pit which appeared from corporate profit. That's because the economy can not function with only fresh money, meaning you have to have stable circulation of old money, now imagine very few people having amassed more resources them countries could, automatically you need more fresh money and so it value drop to balance it out they raise prices and taxes so we can cover the gap using our savings instead of making them release some of what they amassed because hedge funds, meaning they get more money we have less money that's economy 101 we are seeing today.

[@0witw047]

The market sets prices. It includes ceos and shareholders, of course, but it also includes consumers. No company can set a price if someone's not willing to pay it, and not if they have competitors that would be happy to take all their customers.

[@zertun2380]

@@0witw047 That is assuming delusion of free market exist. Which does not prices are set by corporations and since there is no competition people just have to pay it.

[@zironemegeaz]

@@0witw047 Not all markets are free. Not all markets have price discovery.

[@hotshotx1598]

​@@0witw047 tell that to big pharma which has a captive customer base and can charge whatever it wants and people will have to find a way to pay it or else they will literally die...

[@chessenthusiast]

This gives a whole new meaning to the phrase, “Socialism for the rich.” Great vid, as usual, comrade!

[@r.w.bottorff7735]

Man, Chile had a brilliant start. It's shameful what the US government did. You're right, it's an excellent blueprint for what can be achieved today.

[@whydoesthisexistpod]

I love your videos. They're bittersweet because they open us up to the truth but also make me realize how evil corporate America really is. No wonder everyone hates us.

[@PhedelCastro]

It would just switch to evil government if socialism were tried

[@jakekaywell5972]

@@PhedelCastro You have no basis for that statement.

[@zertun2380]

@@jakekaywell5972 O every one does h8 US not America. But thx to majority of crisis something from US military or economic hate does build up quite steadily. We don't hate the people we hate the US as an entity.

[@suicune2001]

Yeah, I've learned a lot in the last couple of months when I found his channel. It has been very eye-opening.

[@marcriba7581]

@@jakekaywell5972 Just get out of the states and get amongst the masses. For most people you're the baddies. That stupid look most of you carry around that says "wow savages are giving me an amazing experience" doesn't help.

[@BalkanOdyssey_]

Absolutely love the new format - and the topic. It's important to show that marxism has a lot to offer in terms of future prospects and new technologies, not only armchair philosophizing about the past.

[@GTAVictor9128]

Wait, your channel is still not verified?

[@BalkanOdyssey_]

@Zaydan Alfariz Absolutely a valid concern, one that I will address very soon in a dedicated video on Kosovo and Serbian-Albanian solidarity.

[@BalkanOdyssey_]

@@GTAVictor9128 Nah you need at least 100k subs

[@aegisofficial3819]

Videos of this quality is incredible. This is how we are going to change peoples minds. This is how we show them, directly. Loving all of this

[@mansory7996]

good thing all he said is easily debunkable

[@mike-hunt3527]

@@laaaliiiluuu kzbin.info/www/bejne/jnjLh42borSKm8U

[@yours-truly572]

I never liked anything to do with socialism but this guy's video is the eye opener I never knew i needed

[@jinxshadow5218]

“Planned economies don’t work” is just one of those things people say to invalidate socialism, making it sound like common sense while at the same time never basing it on actual sources. Love to see you covering the subject!

[@transsylvanian9100]

Planned economies do work, have worked and continue to work. The claim that they don't is one of the most absurd lies ever told.

[@Morgan313]

There’s that whole collapse of the Soviet Union thing

[@Morgan313]

China has for-profit corporations and stock markets just like everywhere else

[@Morgan313]

North Korea is not an ideal vacation spot for 99% of the world

[@jessh4016]

@@Morgan313 Which was due to...what exactly? Ah yes, constant war with the US and its pe- I mean allies. Economic war, propaganda war, and actual physical war via proxy wars. The USSR did amazingly, considering they were trying to do all of this with pen and paper while the US and co. were constantly trying to undermine them. Do you know how much life improved under the USSR? Massively. People could read, they could get an education, they had food(except for one famine), and almost every single person that lived under both the USSR and the cracked open and thoroughly violated open market dumpster fire that came afterward agrees that life was much much better in the USSR.

[@kurtcobain3720]

Best part of my Friday is coffee and criticism of capital. Thanks JT.

[@qualifiedarmchaircritic]

I once argued in a party setting that a businessperson/CEO should only be defined as successful if 1) all their employees could live and work comfortably and 2) the company's products work and are sustainable. That was like a single baby step toward socialist policies, yet I've never had so many people go 🤔🤨😒😮‍💨🙉👐 at the same time.

[@alertaalerta3675]

Murica ☕

[@aryanram02]

that sucks :(

[@kevinproefrock4857]

This is honestly the most clear and convincing argument and evidence I’ve ever seen in regards to planning. Mind blowing!

[@grunklesmuff]

It's not...

[@Marx_ii]

I love this new style of going outside it's so fun and makes it all feel so much more real

[@cattibingo]

He did it! He touched grass

[@fargoflagrant7796]

You are producing some of the best quality English language propaganda of all time, as an independent creator. We owe you a great deal, JT. Workers of the world, unite!

[@gargrazz]

Both the content and the production value are improving with every video. Congratulations!

[@EmjayKuppinger]

Loved this-so interesting and digestible. The Sears bit made me think of sellers marketplaces like Etsy and Ebay and how they have evolved into market-based hellscapes for sellers, being forced into paying for ads they can’t afford, subject to fee hikes and an algorithm that encourages constant undercutting and idea theft-so the platforms themselves can increase their revenue and consistency via planning. I wonder how long these sites will be able to work in this way, like how much can they actually squeeze sellers before losing them…

[@JamesDecker7]

A few craftspeople I know ONLY use marketplaces to sell off “items that aren’t selling in person” to recoup losses and…that actually seems like the best use for such sites: not profit, but a way to ensure we are in a more cyclical and non-waste economy.

[@jamesleason4004]

ebay gets us, the sellers for 10%, plus listing fees. Its always been bad. But the last 10 years have been particularly bad for sellers.

[@kimberlychodur3508]

I heard Amazon undercuts its sellers too by stealing their products. They take a company’s best selling items, produce their own brand and sell it at a lower price. They often only offer there product to the consumer, which makes it harder for sellers to sell their products. How long will Amazon get away with that before sellers leave their sites.

[@genosse_miller]

Greetings from Russia! Thanks for your video. We watch your video with muy comrades from Russia and Ukraine via yandex neural network for online translation. Awesome thing. BTW, in the USSR there was an even more progressive project than cybersin, it was called - OGAS. It was not accepted because of the soviet bureaucracy and degeneration of our party elite. Sadly.

[@jovanmandic1228]

You could have mentioned soviet OGAS which was a theorised cybernetic economic planic system but was never put in place

[@SecondThought]

Yep, very cool but the video was already getting too long

[@kiancuratolo903]

capitalism really does just feel like a mafia state when things are framed in this way

[@suppositorylaxative3179]

Left to itself it literally is. Look up robber barons.

[@j3558]

the U.S. is not capitalism

[@agedmozzarella2357]

The question shouldn’t be “should the economy be planned?” The question needs to be “who should plan it?”

[@TheStopwatchGod]

It's been years since I watched Second Thought and man the quality has improved so much

[@julienmarcuse9023]

The production quality of your videos just keeps getting better! Keep it up, you won't be losing my patronage anytime soon, and I'm sending these videos to lots of my friends.

[@tylergrosso3242]

Didn’t expect to see my favorite NFL analyst, Mina Kimes, in a Second Thought video (16:00). Great content as always.

[@thatfighterguy5846]

"Economic planning is inefficient and doesn't work" -Unregulated Market Proponents Like, bruh, do you think Amazon is throwing random boxes into random trucks and telling the drivers to drop them off at random places???

[@radikal8485]

This discussion is unbelievably sophisticated and I didn't think you could get something like this outside Twitter. Great work!

[@farzanamughal5933]

tf

[@radikal8485]

@@farzanamughal5933 ??

[@jdavis7993]

Twitter is a cesspool, I'm surprised you found _anything_ valuable there.

[@Matthew.E.Kelly.]

I'd be surprised if you could get something like this *inside* Twitter. (That's what she said.)

[@radikal8485]

@@jdavis7993 Lol, with a couple of plugins and a curated follower list, it has been great. More than great tbh (ofc the medium is diff and some ppl may find videos easier to follow). However, just as an eg, you need someone like JT to compile this content about co-ord problems, planning, index funds etc. On Twitter, just through mutuals, I could & have found all of this info and some more including a front row seat to the thought-process of some of these intellectuals themselves, when they talk to each other.

[@thecatsbackyard4833]

"A corporation is basically a command economy" Noam Chomsky.

[@legendzero6755]

Might be your best video yet. Really digging into the specific systems that could realistically be used to create a better society in a more reasonable way. Editing was great too, kudos to either you or your editor if you have one helpingyou

[@mansory7996]

yeah that's why the struggle to provide examples of successful planned economies

[@redlion45]

​@@mansory7996 hmm, what was the second largest GDP until 1991? 🤔

[@thatwildginger5423]

You fucking did it. You have made the ultimate video. This is what people need to know about. It debunks modern perceptions of capitalism, incorporates versions of socialism that are modern and function, has some good jokes with the subway surfer thing. This is something I can show people totally clueless and they'll get it and know what I'm talking about. 💯

[@in3x]

Are you actually serious? This is microbrain take.

[@charlesromea-gorton8033]

I am in love with second thought, used to watch when I was younger and was always interested in their topics. Then they dive bombed this shit as I slowly grow up and understand the world. Based channel. Kinda want to start a revolution

[@andreylebedenko1260]

The best example of a planned economy with everyones' interests as an ultimate goal is a disaster recovery campaign -- with data collection and goods distribution. It makes total sense for everyone, and it works 10 out of 10 so well, that nobody asks for an "emergency market" to operate in its stead. In life-or-death kind of situations humans instinctively chose the most effective system. And it is not a market.

[@erkinalp]

Emergency markets actually exist in certain parts of the world.

[@andreylebedenko1260]

@@erkinalp Like where and when?

[@gcod3d161]

@@andreylebedenko1260 they’re probably referring to when people ran out of hand sanitizer during lockdown and that one (probably one of many) guy was selling it at ridiculous markup out of a box truck or something. Where would we have been without those innovative businessmen/women in the market…

[@jessehunter362]

@@erkinalp they are illegal in much of the world due to how harmful they are.

[@riadsinha3312]

Would you please mention specifically the country Bangladesh? Because we are the victim of Global Predatory Capitalism, but our media don't wanna open about it due to our government is dependent on Global North!

[@Cassandra_Steel]

Obviously one of your best produced videos yet. Hopefully it gets picked up by the invisible hand of the algorithm

[@bengagnon2894]

In an History course at the university some years ago, I came up with an analysis of what I called corporate communism, via the Pullman company story (they really were trying to implement corporate communism). It is still very true today, and this is what we are aiming at. A society where a few companies will own everything and distribute how they want, what they want to the (totally servile) people. You just replace the "government" in state communism with "the company and their shareholders". You could also call it neo-feudalism, replacing the kings and queens with CEOs and megalomaniac sociopaths.

[@MajorBaker-vz9go]

Interesting, I might do some research into that

[@ItsRyanStudios]

I'm a right leaning free market libertarian, and I've been enjoying having my views challenged by your content. Despite my views, I'm very frugal and a staunch anti consumer, so the senselessness of 'the market' definitely rubs me the wrong way.

[@jessephillips8319]

Walmart is not the example you think it is. Walmart is still planning based on market pressures. What Walmart does internally does sound like what is complained about the Socialist "planned economy" but that isn't the full picture for what the socialists are asking to plan. A planned economy is about meeting the needs of the people; Walmart is meeting the wants, desires, and needs of those who can participate. The limitations on who can participate is an issue and capitalism plays a role in that. And socialism also plays a big role in its own failure as well. Capitalism with free market decentralizes power of the economy which is a system that allows for self repair and even local damages. A planned economy centralizes failure and has no system of feedback to restablise itself. All it can ever do is grow dependancy on itself.

[@stevencats7137]

Yes bro you’re putting out video topics recently that we all need more of. Please continue addressing the fundamentals that somehow seem to be overlooked - human nature, cronyism, planning, etc…

[@jakekaywell5972]

Human nature as applied to economics doesn't exist. Its a tired argument. "Cronyism", meanwhile, is nothing more than a deflection that capitalism's proponents use to shield its faults.

[@empatheticrambo4890]

I remember the first time the idea of critiquing Walmart was presented to me - it was the book “Nickel and Dimeing in America” about the working class unable to live on wages. It’s interesting to think about how much I’ve learned since that book years ago

[@kainelegacy]

This channel has grown so much since I first started watching. It’s awesome to see. Been a faithful Friday watcher since the early days. Nice work!

[@turtleanton6539]

Yes😮😮😮

[@keenanseable5736]

Your video production quality is amazing. And I love your content. Trying to learn as much as I can. Thank you, second thought.

[@iomegaman72]

The new format is slick and engaging along with excellent production quality! Such a fine contribution to the Internet. It's the evolution of Second Thought and I'm here for it.

[@ProdEva-qf1tb]

I had just picked up the book The People's Republic of Walmart by Leigh Phillips and Michal Rozworski about a day ago and then you post this. How convenient! I look forward to watching this video!

[@Zefcreates]

Oh my gosh, when he brought out the tablet to keep our attention I lost it. 🤣

[@cbas9877]

i didnt expect that beginning so happy to see you stepping up your production game

[@freja9398]

At first when I heard about GPT-4 and saw how good it was at coding etc, I was kind of scared of the future. I was thinking, "What if my job is no longer safe? What if there is mass unemployment of like 50% of the population at once? How are we going to survive in this capitalist system with these massive changes potentially coming?". But then I realised, that could actually be the ideal thing! I have been sooo demoralised by the state of our current capitalistic system and how NO ONE seems to have any visions for the future anymore, not even the Left party here in Sweden has it. Everything is just about small improvements to the welfare system that won't affect the economic system as a whole. But if a massive amount of people are unemplyed at the same time, maybe, just maybe, there is a chance for us to actually change the system altogether!

[@Revixity]

Can you make a video combating typical arguments of Pro-capitalists against socialism? I, for one, would really love to see you break everything down as you make great points in every video you post.

[@ModernDayJames]

You guys are really stepping up the quality of the videos, I love to see it!

[@JesusChrist-eu4si]

- Nooooooo, u cant just say that corporations use economic planning!!! U dont understa... - Company revenues go brrrr

[@xanderjames8682]

I occasionaly like to do "what ifs" one i keep going back to is what would ppl do without the profit motive. Generally i imagine a world where ppl who were once top trumps become nothing. Know it wouldnt be like this but its fun to imagine

[@Brett_S_420]

So glad I haven't been in a Walmart for over a decade! Thanks for taking one for the team!

[@tylrprkr]

Thank you. Sometimes I feel I don't know how to articulate my convictions or put the words of philosophers into lay person's terms. You have given me a lot more confidence openly defending my socialist position. Keep up the amazing work.

[@thatponybro6940]

JT, i don't think anyone was ready to see you in that kinda fit my man lol, keep the revolution based comrade

[@k.r.5400]

I just absolutely love this new direction. I loved your older videos but, just like John Oliver doing a weekly instead of daily show, spacing out your videos has given you more time to dive into topics and production deeper and it really shows. I hope this ends up being the sweet spot for you!

[@stephaniewilliams6756]

John Oliver is just a hypocritical rich neoliberal bastard. So is Jon Stewart, theyre just distractions. Second Thought is a SOCIALIST

[@pocket1122]

“before you tune out…” **PULLS OUT SUBWAY SURFERS VIDEO** an incredibly funny jab at how damaging mass media and tiktok has been to our attention spans, i am dying at the same time, incredibly sad. this was a part of their plan, too.

[@Cecil_Augus]

21:25 Remembering that the "largest world superpower" is not a single country, but _an entire Commonwealth_ plus some appendices. The US has always *acted alongside* with the UK, Ireland, Canada, Australia and other small parties such as Hong Kong, Singapore, Israel, many offshore countries, and so on. That without mentioning the de facto colonies such as Panama, Puerto Rico, Guyana, New Zealand, Philippines, Taiwan, Pakistan and many more. *And* their "allies" such as Germany, Italy, Norway, Netherlands, Switzerland, Sweden and, once again, many more.

[@terriej123]

I knew it! I’ve been thinking this for a while now. Our economy seems pretty planned to me. I’m so glad that you explained it as you did. Thank you. Keep up the great work!

[@KateSynd]

bro these new vids are SO WELL DONE!!

[@owne6609]

I'm loving the new videos man. Keep up the good work!👍👍👍

[@bamboolaceway]

I love your videos. Very informative. So many times you go over things I've heard about here and there over the years, and you put it all together so it makes sense.

[@TwinTails100]

I love the upgrade in production value.

[@frankdasnake]

This was an excellent video. I don't think the "gimmicks" detract from anything, but don't add much either. Narrative clarity and good sources/evidence are the best part of your videos.

[@fardboi9781]

love seeing your production quality just keep getting better and better

[@maya07_11]

i like how the videos are just becoming better and better. i had never heard before of that Chile thing but I'm definitely going to do some research on that! keep it up JT!

[@radiohoved]

I love how the videos have gotten so creative! keep doing what you're doing you're educating loads of people!

[@davincicode2997]

It feels like your production quality improved so much over the past few months! Love the editing style and dynamic/athmospheric shots youre doing newly!

[@Meow_Zedong]

I love all your videos, but I've been especially loving the most recent ones. It's obvious you put a lot of work into them.

[@maksschmidt]

I wish this video was made like a year ago when I thought market socialism was a viable way to structure the economy. I hope everyone who is a socdem/market socialist who is on board with every other aspect of socialism but can’t seem to deprogram themselves away from markets being the best way to structure the economy comes across this video.

[@SlashCampable]

Brilliant work mate. I've been following you since the whole *knock knock, it's the feds* arc ages ago and I'm just blown away by how much you've grown. This is like Left-tube meets B1M

[@pavel7700]

O vídeo que eu estava esperando! Muito bom, camarada!

[@monalisacareca4427]

Cara,tem bastante Br em vídeo socialista gringo kkkk(deve ser porque o conteúdo sobre política no Brasil podemos dizer que não é dos melhores)

[@Ti-07]

Dude the new style of videos are so GOOD!

[@jackthomas8985]

This was a great video , I learned a lesson just like this in supply chain management about increasing supply chain surplus over the profits of each individual in the chain through sharing of resources and information

[@jakestar121]

love the new format. it does well to differentiate itself from a lot of the typical breadtube video essay type videos and uses the video art medium to its full advantage!

[@Sleepygraveyard]

jsut started the video, but have to say absolutly love the new format, you are doing such a great job

[@michaelgillespie7699]

This was a really impressive video JT, loving the changes you have been making recently! It’s greatly appreciated

[@user6343]

the new type of video with more b roll makes it more dynamic and catchy for first time viewers. Keep it up

[@loomxr]

Crazy how knowledgable u are about socialism whilst also being a very talented filmaker, love ur videos and the podcast, keep it up!

[@vanessaheesen8154]

loving the new format!

[@psiga]

This is the sort of insightful content that keeps me subscribed. Thank you!

[@EddBedHead]

Just finished reading The People’s RepublicOf Walmart and was pleasantly surprised by this video. Thanks for all the amazing content!

[@midnightscreamer2481]

Really loving this on the ground journalism