Social Justice and Its Critics

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Learn Liberty

Learn Liberty

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For many, the concept of social justice means equalizing wealth or opportunities for people. Many classical liberals and libertarians reject the idea of government-directed social justice. Some reject it because they think it is impractical or even immoral. Others reject it because they believe the idea is conceptually confused. Prof. Matt Zwolinski explains that the primary problem in the social justice concept is that free societies lack a central distributor to ensure wealth, jobs, opportunities, resources, or other goods are distributed "equally" or "fairly." Libertarians and classical liberals find that the only meaningful concept of social justice is one focused on the legal and economic rules of societies. Many think this focus is incompatible with the political left's concept of social justice. Stay tuned to the next LearnLiberty video by Prof. Zwolinski to find out why he disagrees.
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Matt Zwolinkski's response to common libertarian critiques of social justice: bit.ly/WGQAoK
A basic outline of the Robert Nozick/John Rawls debate on social justice: bit.ly/WGQfCr
An essay on the meaning of "social justice", including Hayek's definition and dismissal of it: bit.ly/WGQfCr
America Magazine interview with an advocate of the Liberation Theology brand of social justice: bit.ly/TGUi10
F. A. Hayek argues that the term "social justice" has no real meaning: bit.ly/Rz5Rv0
A brief overview of how social justice fits into Noam Chomsky's "libertarian-socialism": bit.ly/YKXheI

Пікірлер: 632
@trick29420
@trick29420 11 жыл бұрын
Indeed. "One of the great mistakes is to judge policies and programs by their intentions rather than their results."
@sceva13
@sceva13 11 жыл бұрын
"Let me offer you my definition of social justice: I keep what I earn and you keep what you earn. Do you disagree? Well then tell me how much of what I earn belongs to you - and why?" - Walter Williams
@JedmcCj-uq5dw
@JedmcCj-uq5dw 4 жыл бұрын
Sadly many think like you until most the population decides we should help each other instead of compete against each other, we will never end starvation, homelessness, or war. It wont happen until religion is a thing of the past people laugh about and humans are so mixed race everyone is basically the same color. So in 10000 or so years the earth will be a paradise. Sadly I was born the same time as millions of dumb fucks like you.
@TheCrazyGames360
@TheCrazyGames360 4 жыл бұрын
@@JedmcCj-uq5dw You obviously don't understand human nature, and live in a fairy tale that will never happen because it's an Utopia. I recommend you to put your feet on the ground and accept sociobiological behavior and the natural hierarchies that all animals (including humans) create. Naturally people are not equal, that is just a religious/spiritual ideology that denies nature.
@ashutoshchouhan8380
@ashutoshchouhan8380 4 жыл бұрын
@Bengali, Existentialist. equality of opportunity in socialistic countries like India-Not a single case. It is constitutional inequality. And if you are saying they looted asia, then they must have looted s.korea, hongkong, singapore but why these countries are prospering without even having natural mineral or other resources in abundance. Do never judge any ideology categorically(by its intention) but by its consequences and results. America and all other OECD countries most of did not even have colonial past and that kind of imperialism still they ended up with greater sense of equality(all kinds of), more per capita income, hospital beds, school, nice environment and india with its belief in socialism is now administratively and politically corrupt, no social cohesion exists (whether caste, religion, language), and per capita economically weak.
@Tetanoman
@Tetanoman 4 жыл бұрын
@@ashutoshchouhan8380 United States has colonial holdings. Those places you mentioned were looted and only very prosperous in the late 1990's and early 2000s. India is actually 5th now so im not sure what you are saying. China will pass the United States at some point in the near future. India will as well in a bit more distant future. So what then, both are socialist. Your arguments aren't very compelling.
@Tetanoman
@Tetanoman 4 жыл бұрын
All of mine and all of yours since we owe everything we have to the society we belong to. Only those living isolated in the wilds might claim otherwise however I could argue that no place in the modern world is free of some societal influence in which order is pursued to improve human interaction.
@anneglendening5278
@anneglendening5278 4 жыл бұрын
The danger with social justice is unlike justice there is no universal standard society has agreed on and that's exactly the intended purpose. It can be manipulated to cater to unethical or even sinister goals.
@monsterhunter445
@monsterhunter445 3 жыл бұрын
I disagree and I think Hayek was been dense on purpose. We can start with basic necessities that every human soul agrees is needed to live. Water, food and shelter. Basically a roof over that person's head and the nutrition and water to live. That means if a billionaire exists and a starving homeless person exists at the same time something is very wrong.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
@@monsterhunter445 Don't forget healthcare and education
@Azraiel213
@Azraiel213 2 жыл бұрын
Hayak was complety correct and deeply insightful: That billionaires and homeless people exist at the same time is not an indication of injustice. It is merely an indication that some people are unable to take care of themselves, while a few others add greater amounts of value to society than they take out. SocJus activists create harm in the world rather than good precisely because they can't reconcile simple truths with their objectives.
@depressedlunatic6717
@depressedlunatic6717 2 жыл бұрын
Will the flaw is that to house and feed everyone we would need to help people who do nothing to contribute to the society take this from an economic and social prespective you as a worker could work everyday to feed your family and grow richer yet someone who doesn't work and doesn't have education gets the same things for free you might call it cruel but the thing is this is how society works you could only reduce poverty so much there will always be poor and rich the 1% have more money then entire countries and the poor will be starving but that's the thing a society works when there is a hierarchy if every had the basic access and talent for education who is going to pick up the trash? If everyone becomes a doctor or an engineer then what happens to the cashier? We live in a world where The best way to make money is war and exploitation and we do nothing about it because it doesn't hurt us "oh boho a kid in Africa is enslaved to make nestle some kitkat bar will time to complain about unimportant things like manspreading"
@unclegoon347
@unclegoon347 4 жыл бұрын
The best definition of Social Justice I’ve heard is ‘Creating the illusion of a fair system, by creating a fundamentally unfair system’ Sums it up perfectly for me
@NathanBB2005
@NathanBB2005 3 жыл бұрын
It's unfair how?
@unclegoon347
@unclegoon347 3 жыл бұрын
@@NathanBB2005 I wrote out a full example above Basically aiming for ‘demographic balance’, with things like affirmative action, all-women short lists etc, means you end up punishing the wrong people because they share skin colour/gender with others who are deemed (but aren’t necessarily) the beneficiaries of illicit privilege. ‘Sorry, we’ve already got too many people who look like you here - we need to hire someone who looks different, otherwise we might appear discriminatory!’ Ass-backwards thinking
@NathanBB2005
@NathanBB2005 3 жыл бұрын
@@unclegoon347 Oh I completely agree with you on that kind of social justice but this video is more about economic social justice.
@unclegoon347
@unclegoon347 3 жыл бұрын
@@NathanBB2005 fair point.... but I think the principle still applies. People are different. Cultures are different. The idea that demographic A does better or worse than demographic B should be expected.... and as a society we should understand and learn from this, and not cry about the injustice of it all.
@Azraiel213
@Azraiel213 2 жыл бұрын
I have a better definition: Social justice is the ideology of taking revenge against the innocent.
@anitabonghit2758
@anitabonghit2758 9 жыл бұрын
The road to hell is often paved with good intentions.
@iemgote7249
@iemgote7249 8 жыл бұрын
Brilliantly covered!
@ravindertalwar553
@ravindertalwar553 2 жыл бұрын
Thanks for the updates
@CharlesWakefield
@CharlesWakefield 10 жыл бұрын
Just leave me and individuals like me alone. Life should be this simple. Allow individuals to be free.
@Karou812
@Karou812 10 жыл бұрын
I am a Leftist Why would you rely on the police to do anything for you? They don't have the obligation to do so
@nomandates9186
@nomandates9186 10 жыл бұрын
I am a Leftist The police are a group of armed men. Do you know who isn't armed? The rest of us.
@nomandates9186
@nomandates9186 10 жыл бұрын
"if a group of armed men tried to kill you would you tell the police to leave you alone and let the armed men exercise their freedom?" I guess I should have said the group of armed men is the police. And we are telling that group of armed men to let us be free. If we personally all weapons, we wouldn't have to tell them anything.
@nomandates9186
@nomandates9186 10 жыл бұрын
But like weisse katz said. A random group of armed men come and attack you, the police aren't going to do anything. Whatever central agency you think will be in charge of wealth redistribution won't care about you. They don't do now, they haven't in the past, they won't in the future.
@nomandates9186
@nomandates9186 10 жыл бұрын
That may be their stated purpose. That is not what the actually do, as the shooting death of an 80 year old man in his home, the beating death of a mentally ill homeless man, and the other shooting death of a manic depressive 14 year old will attest too. But if you honestly believe that the police will help you in a time of need then we have no basis for discussion.
@nufsaid80
@nufsaid80 10 жыл бұрын
Money is earned, Not distributed.
@SuperSnowman111
@SuperSnowman111 11 жыл бұрын
Thank you for clarifying.
@FabledNarrative
@FabledNarrative 8 жыл бұрын
I brainstorming ideas around. 5:03 I had many ideas based around, Who is to blame for a terrible action. We can blame people, though we feel out of control when the weather creates the same outcome. I am glad you added it. :)
@fubaralakbar6800
@fubaralakbar6800 10 жыл бұрын
So would I. unfortunately, constant government interference in the economy has drastically limited both job opportunities and the pay they provide.
@DjPyro2010
@DjPyro2010 11 жыл бұрын
I'm pretty sure that's the first time a video mentioned Nebraska without talking about the football team
@fubaralakbar6800
@fubaralakbar6800 10 жыл бұрын
That's bullshit. If you only offered your employers $2/hr, no one would work for you. Some of the people you already have might stay, but you would eventually lose them to straight attrition. And with no new people being stupid enough to take that pay when the company down the road pays $20/hr, you'll be doing all the work yourself. You don't need social justice, when you have competition.
@sclair2854
@sclair2854 10 жыл бұрын
While his logic is decent, if you look at the distribution of wealth in the US versus other developed nations there is definitely something awfully unjust looking about it.
@hristoitchov
@hristoitchov 6 жыл бұрын
Good video, but it doesn't give the whole picture. It doesn't explain why people think in a certain way, why they believe it's natural and OK to compete with each other for survival, why the majority of wealth is not only in possession of a small percentage of the population, but also used for destructive and divisive purposes, and so on. The guy in the video assumes the majority of people are autonomous human beings, who can think for themselves, who can make rational decisions, who can see the whole picture and who are morally established, but reality is far away from all that. Also, again you're misunderstanding what the role of governing distribution actually means. It doesn't mean stealing from people to give to the poor, but providing a minimum to improve the quality of life for all human beings and to give equal opportunity for the freedom to make choices in life for oneself. The video just reinforces what I say, that most people have been sold to the illusion of hard working into richness, and of wasting their lives away filling someone else's pocket while buying things to escape reality. Taxes only benefit the economy if they're scaled up towards wealthier people, as it allows those with less wealth to prosper and to get more financial freedom, to spend more time on creativity, innovation, self-realization. Even then, as long as we have the Earth divided into countries who compete with one another, and as long as there is no effective birth control, the majority of the Earth population would remain poor and suffering. Few winners, lots of losers. That might have been inevitable in the past, but we have all the tools and knowledge to change it now, yet people insist on maintaining this obsolete world-view and keep creating more problems for themselves, which eventually may lead to the extinction of civilization as we know it.
@jdm11060
@jdm11060 11 жыл бұрын
Wow... breathtaking argument.
@nightpotato
@nightpotato 11 жыл бұрын
Very interesting perspective
@NathanBB2005
@NathanBB2005 3 жыл бұрын
Yes and a very cruel one
@Awbrfg55
@Awbrfg55 11 жыл бұрын
Will do that.
@aj19bcx
@aj19bcx 11 жыл бұрын
just a suggestion, it would be cool to see a reading of the distributive justice portion of anarchy state and utopia. there are lots of videos on the tale of the slave but don't seem to be any on the distributive justice section
@LucisFerre1
@LucisFerre1 11 жыл бұрын
Not only is there no specific human agency involved with the "distribution of wealth", there is also no distribution of wealth. Income is earned, not "distributed".
@TheNonAntiAnarchist
@TheNonAntiAnarchist 11 жыл бұрын
How else would you determine the extent to which resources should be conserved except by reference to the *supply and demand* of said resources? To say we need "more" technology tells us nothing. What specific technologies should be invested in? Keep in mind that the cost of investing in one tech comes is the price of foregoing investing in another tech, or using the resources (one of which is the human labor involved) in another way altogether. The price system informs these these decisions.
@urbanpsych0
@urbanpsych0 11 жыл бұрын
i agree! the market is self-regulating for example, a company making crappy products will eventually be beaten by a company making slightly better products.. cyclically until the only think that keeps businesses making money is innovation or lack of competition.
@jdm11060
@jdm11060 11 жыл бұрын
Well said. The contrary to your thought process is so hypocritical that its borderline disturbing.
@TheNonAntiAnarchist
@TheNonAntiAnarchist 11 жыл бұрын
*at the price. The price system informs and coordinates decisions of how to use resources. It makes it profitable to use resources efficiently, and costly to use them inefficiently.
@LetsGoOnASafari
@LetsGoOnASafari 11 жыл бұрын
GENIUS!! You sir, just made complete sense.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
It's right wing propaganda just like Prager U
@maggot1111666
@maggot1111666 11 жыл бұрын
This is such a good video.
@redorchestraFTW
@redorchestraFTW 11 жыл бұрын
I love these videos. Easy enough for an average Joe to understand, advanced enough for continued thought.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
It is easy to understand because it is right wing propaganda
@kevinferrilo6844
@kevinferrilo6844 9 ай бұрын
But a Central Planner of Wealth and Income Distribution is, in a democracy, the Legislative bodies that create laws. There is an enourmous body of literature indemtifying how a relatively small group of influental, powerful and well organized people is able to create favourable condition so that their wealth and power can be fortified / conentrated (e.g. State or Regulatory Capture)
@aveyowyns
@aveyowyns 11 жыл бұрын
Right. In other words, I really don't need to give any thought to what you have to say because they are not your words or ideas nor were you capable of choosing not to believe it.
@MrDanielfff777
@MrDanielfff777 3 жыл бұрын
Where is the next video lol
@G33KST4R
@G33KST4R 11 жыл бұрын
It is hard to interpret tone over the internet, but I genuinely hope you! I really want to see Utopian economics come to fruition!
@81048107
@81048107 11 жыл бұрын
Bravo!
@TheKibeer
@TheKibeer 11 жыл бұрын
Very nice video, thanks. I'm afraid though people hooked on social justice do not care how the social injustice happened they just want to fight it and bend it straight every time it changes.
@novazee
@novazee 11 жыл бұрын
I may or may not agree with the ideologies. But I love the videos.
@kalidasa_in
@kalidasa_in 11 жыл бұрын
What about the idea of justice by equality of opportunity?
@xcvsdxvsx
@xcvsdxvsx 11 жыл бұрын
seems inferior to bitcoin or is numero set decentralized and censorship resistant also?
@SuperbStupidity
@SuperbStupidity 11 жыл бұрын
There is.
@fubaralakbar6800
@fubaralakbar6800 11 жыл бұрын
No...consumers MAINTAIN jobs by buying the business's product/service. The consumer wouldn't be able to buy the product if the company didn't hire anyone to make it. A bit of a chicken/egg situation? Maybe. But consumers do not CREATE jobs. They only allow the company to continue to make money, which they will spend on many other things, including job creation.
@esca8652
@esca8652 11 жыл бұрын
Sound is really weird on this one.
@BramClaes
@BramClaes 11 жыл бұрын
"There can be no doubt that some minimum of food, shelter, and clothing, sufficient to preserve health and the capacity to work, can be assured to everybody. ... Nor is there any reason why the state should not assist the individual in providing for those common hazards of life against which, because of their uncertainty, few individuals can make adequate provision." Hayek wrote this. Adam Smith made similar statements
@homewall744
@homewall744 4 жыл бұрын
Well, feudal lords and communists would have agreed, and all would get that minimum. Now we allow free markets and far fewer suffer that minimum. Would you like a life where you just got the minimum? And if you got more, it was taken from you to give to another who was below it?
@NathanBB2005
@NathanBB2005 3 жыл бұрын
@@homewall744 Well that would be the right thing to do. If your friend was starving and you had tons of food and he took the minumum he needs and you still had the minumum you need would ge be wrong? What was he supposed to do starve so you can have extra food.
@dsjj251
@dsjj251 11 жыл бұрын
yes
@dustyrhoads1
@dustyrhoads1 11 жыл бұрын
Another great video! Wish more people would open their eyes to "Learn Liberty".
@NathanBB2005
@NathanBB2005 3 жыл бұрын
It is right wing propaganda just like Prager U
@dustyrhoads1
@dustyrhoads1 3 жыл бұрын
@@NathanBB2005 Ok. I'll humor you. I understand thinking at an individual level is very difficult for you. Keep watching Learn Liberty and maybe one day you'll be able to think for yourself and make your own decisions...and Bernie Sanders doesn't like you anyway.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
@@dustyrhoads1 Sure insult me for disagreeing with you. It's funny how you say I need to think for myself when you are literally telling me to watch propaganda and telling people to open their eyes to it. Propaganda tells you how to think so it's ironic you would say that. Maybe one day you will learn to think for yourself and stop letting learn liberty think for you. Also Trump doesn't like you anyway hahaha I'm so funny 🙁
@dustyrhoads1
@dustyrhoads1 3 жыл бұрын
@@NathanBB2005 And you got exactly what you wanted. Spout a little BS, get a dopamine hit from a response, fire one back and voilà! Mission accomplished. You don't need to thank me.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
@@dustyrhoads1 Sure blame me for what you wanted. All I ssid was that it was propaganda. You got all triggered and started reversing the situation. Go ahead keep making me laugh. 😆
@LinearCry
@LinearCry 11 жыл бұрын
please define or give examples of "equality of opportunity".
@kalidasa_in
@kalidasa_in 11 жыл бұрын
Another fundamental flaw in the argument in the video is that it assumes that persons make their decisions independently, not taking into account the regular corporate brainwashing, e.g., advertising.
@Awbrfg55
@Awbrfg55 11 жыл бұрын
EXACTLY!
@ambidexter2017
@ambidexter2017 7 жыл бұрын
Well, the proponents of social justice are usually also proponents of a centralized distribution of wealth. Those two ideas are so interconnected there's almost no examples when someone supports one but not the other.
@ladymacbethofmtensk896
@ladymacbethofmtensk896 2 жыл бұрын
The social justice ideal is society as a bundle of sticks, a flipping fasces. No wonder Father Coughlin called his pro-Fascist paper Social Justice!
@TipoQueTocaelPiano
@TipoQueTocaelPiano 9 жыл бұрын
Thousands of books on justice theory... I can summarize all in one sentence: "Justice is power exertion". End of the discussion. Now we can switch to talking about power.
@regelemihai
@regelemihai 11 жыл бұрын
The government issues patents?! Are those part of the intellectual property laws?
@sether255
@sether255 7 жыл бұрын
Wouldn't it be the case that the more wealth one had, the more sway one's decisions had over the overall emergent outcome for everybody else in the economy? Doesn't that mean that a larger share of the "agency" in controlling economic outcomes is concentrated among those with the most wealth?
@chronosx7
@chronosx7 3 жыл бұрын
I'd say No... so long the wealth comes from economic enterprises because _that kind of wealth is dependent_ on a person or institution providing value for others. On the other hand Yes... when that wealth comes as a result from "political enterprises" where private actors basically bribe politicians into passing laws that provide them special benefits. It seems to me that's why pro-market people also advocate for smaller goverment and why anticapitalists say the system is inherently flawed, corrupt and needs to be disposed of altogether if humanity is to move forward.
@alesiaj
@alesiaj 10 жыл бұрын
So what you are saying is society should pay black mail to those who lose their jobs so they won't rob from us?
@mr1nyc
@mr1nyc 8 жыл бұрын
The father has every right to control and distribute his property as he pleases. This is the same as any person being free to exchange their capital or labor. I would argue that these are morally equivalent.
@G33KST4R
@G33KST4R 11 жыл бұрын
So you design a market system
@Girbub
@Girbub 9 жыл бұрын
Is it me or can I hear one of the GLA themes in this video?
@devpebkac3854
@devpebkac3854 5 жыл бұрын
glad I'm not the only one
@wildtexan2096
@wildtexan2096 8 жыл бұрын
all the links for your sources are broken
@wildtexan2096
@wildtexan2096 8 жыл бұрын
+Kyle Hall awesome! I'm glad they are working now :)
@healingfear
@healingfear 10 ай бұрын
We might not call bad weather injustice but I would presume most building codes require homes have a roof.
@aethelyfel7573
@aethelyfel7573 4 жыл бұрын
It all started with John Rawls who thought that justice required absolute power to enforce end state patter principles, in any endeavor. In the veil of ignorance who gets to decide who gets to be the moral arbiter of who gets what? Why the academic John Rawls with absolute power of course.
@trick29420
@trick29420 11 жыл бұрын
if a company is providing a better product at a better price why shouldn't their competitors go out of business?
@urbanpsych0
@urbanpsych0 11 жыл бұрын
large companies are not monopolies, you can choose not to buy from them. but when large companies buy government favors in the form of subsidies, bailouts and regulation.. that is when monopolies form.
@BearWindAppleyard
@BearWindAppleyard 11 жыл бұрын
Idk if I'm alone on this one but imo I don't think it's neccesary that there's an agent responible, for there to be justice/unjustice. not objectively of course but acording to general human morality, I would say that a huricane that kills a lot of people is unjust, and should not just be accepted as "it's natural/god's will" if we have the technology to prevent some of the damage. social nature is another subject, where I think the right sollutions might be a bit more complicated issue.
@TheYamsinacan
@TheYamsinacan 11 жыл бұрын
I like where this is going.
@nohopeequalsnofear3242
@nohopeequalsnofear3242 5 жыл бұрын
My income tax rate is more than warren buffet.... let that sink in....
@aj19bcx
@aj19bcx 11 жыл бұрын
justice is where each person is entitled to everything they have and nothing they don't. you are entitled to something if you got it by making raw materials which are in excess into something more valuable or if it was willingly transferred to you by the previous owner's free choice.
@sceva13
@sceva13 11 жыл бұрын
Yes, they made significant contributions to myself. This is a great argument for why I should, therefor, invest in my children, friends, grandchildren, students, and employees. You have not, however, presented any sort of argument as to why the fruits of my labor should be forcibly taken from me and given to strangers who may or may not need or deserve it. Society benefits when people work to produce desired things. Often they do this out of self-interest, but society benefits as well.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
The fruits of your labor should be given to people who may not deserve it because they are human rights
@lesslee
@lesslee 9 жыл бұрын
What about being born into different social and economic categories that don't necessarily let us choose things that may help us become the next Derek Jetter? He doesn't even touch on this.
@shepf2
@shepf2 8 жыл бұрын
That's because he's talking about injustice. There's a big difference between saying "people who are born poor have a harder time of it" and saying "the fact that some people are poor is an injustice." The first is an honest assessment of the reality many people live in. The other attempts to take that, feed it through a convoluted social theory, and declare that governments are ordered by justice to deal with poverty in the same way they should deal with murder and rape. It's this second one that the video is taking issue with. FA Hayek actually advocated for a form of economic safety net for the poor and even entertained the idea of a guaranteed minimum income. The distinction is that he didn't believe that either were a matter of justice.
@81048107
@81048107 11 жыл бұрын
And by the way, the video does not say anything about abortion - how did that come up?????
@BlueBleedStl
@BlueBleedStl 11 жыл бұрын
(assuming of course that the exchange does not harm third parties). For that reason right there. Because both sides can always profit at the expense of an un-represented third party in any deal. Usually a community, geographic area, type of people or limited resource / population.
@DarrylCross
@DarrylCross 11 жыл бұрын
Just because one was a terrible idea does not make the other better.
@LucisFerre1
@LucisFerre1 11 жыл бұрын
What has that to do with the price of rice in China?
@Worldslargestipod
@Worldslargestipod 11 жыл бұрын
It's a shame he never mentioned anthony de jasay.
@josephgill-lussier3906
@josephgill-lussier3906 11 жыл бұрын
What about the banks printing money not based on gold and deciding to who they lend money... Isn't that some kind of distributor? In the states, the national reserve prints out money and distributes it to «save» certain industries and the «economy» isn't that arbitrary?
@jackmcslay
@jackmcslay 11 жыл бұрын
You just stated the biggest flaw of the social justice concept. If a person can survive without an income of his/her own, that person will have less incentive to find an income of his/her own. Therefore said person is consuming without producing, increasing demand without increasing supply. And with less supply, costs will go up, and with higher costs, companies will hire less, and with less hiring more people will use government subsides, creating a very dangerous vicious cycle
@xcvsdxvsx
@xcvsdxvsx 11 жыл бұрын
if you were using pencil and paper would you simply be issuing bills of credit in your own name and using that as money?
@jackmcslay
@jackmcslay 11 жыл бұрын
Actually, there are several economist that refute that free market creates cartels and monopolies, and it's government restrictions that create the conditions for them to be formed in first place. Would a monopolist company or a cartel be producing low quality products at high prices, it would create the perfect opportunity for a new company to enter the market with a better, cheaper product.
@1426305384950384
@1426305384950384 11 жыл бұрын
I believe your referring to the bank bailout. If you are then please look at the 7.7 TRILLION dollars of loans (often at 0%) the fed gave to the major banks. The reason those banks were too "too big too fail" was due to the government giving them a massive competitive advantage that acted as a barrier of entry to potential start-ups. You also need to ask why they were willing to make such risky loans? Wasn't this due to the very fact that they were confident the government would "bail them out"?
@bsabruzzo
@bsabruzzo 11 жыл бұрын
I don't use Google+ myself, but if they continue down the line of combining all of Google's properties (chat, video confrene, KZbin, etc) and innovate how you seperate your friends into "circles", they will be a good competitor. They make money compared to Facebook. We'll see. Everybody thought MySpace was the apex social network until Facebook popped on the scene. And that's the point. You never know and the competition makes things better.
@1426305384950384
@1426305384950384 11 жыл бұрын
If a party lies about the terms for the trade, then both parties did not mutually agree to the exchange since one side falsified the terms. As such that side committed fraud, a criminal act. If both parties understand the term for their agreement and they are not hurting additional third parties, then what's the issue? Why should a third party (the government) get involved and dictate to those parties what they can or cannot agree to.
@ariskolios1
@ariskolios1 11 жыл бұрын
Berthold Brecht once said that it's the rich people that create poverty, but when it comes to see it face to face, their nerves are sensitive and valnurable. So they take up charities.
@81048107
@81048107 11 жыл бұрын
Almost forgot - you're right, there are "plenty of studies" and most of them are lousy - as a professor, it is part of my job to analyze their quality. Please see the Fed report I suggested in my other post.
@adambelnap
@adambelnap 11 жыл бұрын
You cannot divorce from prices its function of telling producers what and how much to produce from its corresponding function of distributing income. Suppose I'm a window washer. I can wash the windows of your house or the windows of a skyscrapper. If the price of supplying my labor is the same, why would I or anyone else wash the windows of a skyscrapper? If is precisely because the distribution of incomes are different that ensures both windows get washed.
@IlayYoeli
@IlayYoeli 9 жыл бұрын
Brilliant brilliant brilliant!. Thank you
@LearnLiberty
@LearnLiberty 8 жыл бұрын
+Ilay Yoeli Thank you! Are there any other topics or issues you would like to see us cover? --The Learn Liberty team
@dustinallen4142
@dustinallen4142 8 жыл бұрын
+Learn Liberty Can you do a video assessment on Anarcho-communism and if it could work or be voluntary?
@PoliticalEconomy101
@PoliticalEconomy101 8 жыл бұрын
Yes, you can do some videos on why social justice countries out perform libertarians ones on every measure of human well-being and happiness
@dowskivisionmagicaloracle8593
@dowskivisionmagicaloracle8593 4 жыл бұрын
+Learn Liberty Libertarians don't just reject social justice just because it wants government imposition to help the poor but rather because they want it for their specially-selected politically-strategic "victim groups".
@NathanBB2005
@NathanBB2005 3 жыл бұрын
@@LearnLiberty Hi wannabe Prager U
@urbanpsych0
@urbanpsych0 11 жыл бұрын
like GE?
@81048107
@81048107 11 жыл бұрын
I think it depends on what kind of social justice. Minimum wage tends to increase unemployment, and that may bias people towards crime, but I am not aware of any studies that go that far. I do think it harms virtue.
@Azraiel213
@Azraiel213 2 жыл бұрын
Minimum wage and other such attacks upon the working class absolutely create crime. If you price workers out of the market and they can't somehow upskill (which is unsurprisingly difficult after the state has robbed you of your job!), the only real choices are crime, welfare, or both.
@HexTest
@HexTest 11 жыл бұрын
Free people are not "equal" in results, and those that are "equal" in their results are not free.
@HexTest
@HexTest 11 жыл бұрын
Well, Libertarians are pretty skeptical about the effectiveness of FEMA after Katrina hit. Some argue that the national gaurd could take it's place and see disaster response as a "public good." Others argue that disaster insurance would be a better means of funding response to such situations because the rates would reflect the actual risk of living somewhere disaster prone. Which might mean you would have less cities in hurricane-prone places built below sea level...
@LinearCry
@LinearCry 11 жыл бұрын
Is that a reply to my question? No one is talking about the government permitting robbery.
@Dakota2063
@Dakota2063 11 жыл бұрын
The problem with this argument is that 1) the public sector does not grow the economy, any new job that you create in the public sector siphons off that much with not material gain for the payer, where as private sector is about having that money circulate as much as possible to generate more material gain. 2) Privatization means that that entity has to compete on an open market for your business in order to survive, which leads to better service. Unlike administrations like the DMV. and more...
@jackmcslay
@jackmcslay 11 жыл бұрын
A school degree won't guarantee that a person will be able to make a living. What guarantees that a person will be able to make a living is having a skill set the market demands. But because of most governments' regulation, people need elementary school in order to get to a college or technical school, inevitably having to study subjects that aren't necessary for their desired jobs, raising education costs.
@qhack
@qhack 11 жыл бұрын
So if instead he used the term 'We the People' instead of 'government' would the argument change?
@Anonymous247n
@Anonymous247n 11 жыл бұрын
It is this perception of justice that would have to change to improve our world, yes. In my eyes, it is not moral, it is not just.
@solidether6738
@solidether6738 4 жыл бұрын
Social Justice is simply takeover of private property on large scale and back to slavery system. What's the difference is between Justice and Social Justice ? The same like betwen a chair and electric chair.
@NathanBB2005
@NathanBB2005 3 жыл бұрын
Oh so social justice is slavery but a person working pay check to pay check for starvation wages isn't?
@Awbrfg55
@Awbrfg55 11 жыл бұрын
I thank you for this. Thomas Sowell is a fine thinker. However, it's a double edged sword. Where do we find the balance for modification or "change" and maintaining what works? And how can this balance benefit as many people as possible? Even though America is an exception and poverty is not AS BAD as it is in other territories... I still find it a point of concern. Thanks!
@ladymacbethofmtensk896
@ladymacbethofmtensk896 2 жыл бұрын
Nobody is smart enough to answer that question in a way that works for everybody. The point that libertarian thinkers make is that there are some things that no genius is capable of solving and that it is probably more helpful to the poor and vulnerable not to even try.
@xcvsdxvsx
@xcvsdxvsx 11 жыл бұрын
its imposable to enforce since it would require a means for the elimination of luck.
@monsterhunter445
@monsterhunter445 3 жыл бұрын
Poverty can be deliberate. Like the racist laws US had preventing home ownership via loans. Banks could deny before laws were made. I can only imagine how much longer it would be when the free market was running.
@R3tr0v1ru5
@R3tr0v1ru5 3 жыл бұрын
@@monsterhunter445 The free market disincentivises discrimination. The government perpetuates it.
@aveyowyns
@aveyowyns 11 жыл бұрын
I don't understand. Should we just agree that people aren't responsible for ANYTHING they do because of the inevitability of being influenced by someone else?
@dodec8449
@dodec8449 10 жыл бұрын
There is an agent responsible for the distribution of wealth. By protecting property rights, the government is responsible. You can not have wealth without property rights, you can not have property rights without a government. I agree that property rights "work" and are generally a good idea, but that is a different story. Our wealth distribution is NOT a natural "spontaneous order", it is a deliberate decision of the government to protect our property rights in the way they do.
@Brockhad
@Brockhad 11 жыл бұрын
Well, I suppose we think of social justice as being paid based on the merit of your work. Baseball players can't claim supply and demand dictates their wages because the strawberry picker could say his labor feeds millions more and therefore he should be paid comparatively much more than the baseball player. It's understanding the employer - employee that will show us why it's so unjust...Why don't we all have personal managers making contracts for us?
@pochopaz7381
@pochopaz7381 11 жыл бұрын
Actually I could get around that idea!
@ShamanMcLamie
@ShamanMcLamie 11 жыл бұрын
He never made a case that the playing field was always equal, or that opportunities are not distributed equally. But the world isn't perfect and to fix those inequalities is impossible and costly endeavor. So long as people are free to pursue the opportunities they are offered. Government has only proven to restrict and destroy opportunities and create dependency. 1) If you're implying that we just give everyone a job, what would be the incentive to work, we'd also be spending a ton.....
@7norton4
@7norton4 10 жыл бұрын
"Social Justice" is an Oxymoron.
@garymorrison4139
@garymorrison4139 10 жыл бұрын
"Economic Freedom" is an oxymoron. Certainly the top 5% pay lip service to economic freedom as an abstraction because they rule a economic system that is designed to constrain political choice by allowing the ownership of property and other means of control to accrue to themselves in the disguise of a self regulating market. I can tell you what is lighting up your screen right now, capital .
@7norton4
@7norton4 10 жыл бұрын
gary morrison Reading a bit much into a five word comment?
@johntmekjian
@johntmekjian 10 жыл бұрын
gary morrison Good, I like having a lit screen, a warm house, and food on my table. Three cheers for capital, without which a factory worker is a man in a field pulling a non-existent lever to no avail.
@enzosperandio5744
@enzosperandio5744 5 жыл бұрын
7norton4 exactly
@dowskivisionmagicaloracle8593
@dowskivisionmagicaloracle8593 4 жыл бұрын
Libertarians don't just reject social justice just because it wants government imposition to help the poor but rather because they want it for their specially-selected politically-strategic "victim groups".
@Gobob789
@Gobob789 11 жыл бұрын
The fact that a society has no agent for wealth or even opportunity distribution does not prove that we should disregard the suffering of victims of poverty; it proves that we need to establish an agent for the distribution of wealth and/or opportunity in order to fulfill the description of an ethical society. The important point that this video would never even touch on is that the goal of a society, as it should parallel the goal of any individual, is to create the maximum happiness.See above
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