I can't speak for anyone but myself... I think it was great when Bill Gates worked hard in his garage to come up with his own invention. I also think it was great when Henry Ford built his first car in his garage on his spare time from work. Or when Jawed Karim, Chad Hurley, Steve Chen founded YOU TUBE! No other country has made more new inventions than the USA! That's called CAPITALISM! You have the freedom to make your own fortune. Stop whining and make your own, unless you're too stupid!
you have nice ideas but I respectfully disagree. There will always be an oligarchy, suffering and corruption in any system we choose and history has proven it. Ask a handicapped person if life’s fair. The answer will be no but it’s not what your given its what you make of it, there are plenty of people born into privilege and die poor and even more the other way around. What is life without challenges and it’s the challenges that make people interesting to read about in the history books.
I created this video as a sophomore in high school, two years ago. My opinions have since changed. I now believe in capitalism with heavy regulation and enforcement of laws. I believe we need new rules to limit the influence of corporations on our government. I also believe in a strong government social safety net. Not programs like welfare, but education, job training, healthcare, and affordable housing.
you totally WRONG dude. Gov bailout is NOT capitalism, it's just a corrupt government. CAPITALISM works! it's just the US gov who's not practicing it right.
Your "theory" is flawed! All you talk about is Capitalism's downside. 3 FACTS are missing!!!
1) Capitalism has caused the most improvement in any society in the history of mankind the largest middle class in all of history. And Socialism leaves 90% of it's followers in poverty.
2) Socialism is hurting America right now! + it is combining with Radical Islam.
3) Our republic is hacked & hijacked
GOOGLE= Against America cajeffo
GOOGLE= Muslim Experience cajeffo . . . I'm open to a Public Debate.
The only complete economic system is provided Islam. It can solve all the problems that r unsolveable in any other economic system in the world. Islam gives us a better form of mixed economy. If you all get some time then requir explainations from any true islamic scholor who have a concept of economic system of Islam. We most intelligent of us is God and surely his given system will be complete for humanity. thanks
Bailouts and protection of Monopolies is Corpratism right? And don't claim they are the same, cause the aren't. Do some research, you'll see that Corporatism is in fact a social ideaoligy that has existed for a few hundred years. Also, Capitalism is fascism? You have it backwards, Socialism and Communism, which denounce Free Markets are Fascist since the economy is controlled by the government, Also without fascism how can you gaurentee complete theft of the peoples money and property?
You do realize that government bailouts are NOT principles of capitalism, right? In a truly free market society businesses either fail or succeed. There would be no government bailouts. This video is highly misinformed, but that's probably why you're a socialist in the first place.
To all you people pining for the equality of statism (socialism, communism, etc) think about the gates test. Think how many Cubans, Eastern Europeans, Chinese, Vietnamese want to move to capitalist countries and how many of us from capitalist countries want to STAY in Cuba after we visit.
Heck, just look at North and South Korea. One nation starkly divided today by economic and political systems. It's easy to talk utopia but human nature is what it is. Capitalism and democracy is the best way.
When you complain about 'Taxpayers money' being used for these bailouts, bear in mind that 68 % of all taxpayer money comes from the rich & corporations, NOT the poor / middle class! I'm not saying the bailouts were justified, but in the minds of the ceo's they were only taking BACK what had been taken FROM them.
We dont have plutocracy!! How do you think Obama got elected?? True, the rich CAN put the arm on government like in the bailout disgrace, but that's a chancy thing to do, since the government can retaliate like Roosevelt vs. the monopolists.
HOGWASH!!! In socialism, those with the greatest talents are expected to pick up the slack for those with the least. Result: after awhile they simply stop succeding as much.
Finally. "Political, social & economis destinies are democraticly determined"
So the majority rules? Once the majority realizes that they can 'vote' themselves gifts from the public treasury, or instal in office whichever leader promises the most gifts...that's it. Your 'social democracy' is like 2 wolves & a sheep voting on what to have for dinner! And just on a personal note: I prefer to choose MY destiny, not have it 'voted' on by the poor!
This is so incredibly wrong I just cant believe it. Look at Milton Friedman for a logical explanation of why. Also Ludvig von Mises, FA Hakek and Ayn Rand... For a more modern writer try Robert Murphey or Ron Paul. Watch "The Soviet Story" and tell me you still like Socialism. These writers offer you a logical argument and no demagogery.
Capitalism is Unconstitutional. Capitalism's core ideology and only ideology is: Profits before people". Money is more important than a human life. The is not following what Democratic Socialism proposes, which is; "We the People".
@cpmondello You have that backwards. Socialism takes on the belief that we cant take care of ourselves, where is freedom of choice? if I want to be stupid and fail in life, wouldn't I deserve to fail?
The best solution is Distributism (see wikipedia) which is equidtsant from both capitalism and socialism. It seeks to break up monopoly which concentrates capital and power in too few hands and to encourage the widest possible ownership of private property to individuals beyond all centralist models.
Socialism is not about equality, it is about getting a fair shot of being successful even if your parents weren't. There would still be rich people and poor people, but only because those individuals earned/deserved it.
Socialism will never happen in America by result of election, the politicians get most of their contributions via the affluent. However, as the rich hoarde more and more money - the support structure of the economy weakens until the people have had enough and it collapses.
This video is mislabled, this is, why "Capitalism sucks". Do you really think people want economic equality? I dont know about you but I would want the chance to excel and get ahead and be rewarded for my hard efforts. In socialism I could be a high level architect and I'd make as much as a Garbage Collector. So I wouldnt feel a need to go the extra mile. Plus if all my need are provided for I wouldnt be out looking for a job, I'd be at home playing my xbox, continued.....
Uhhh you do realize that government bailouts for corporations are not principles of capitalism, right? That's a socialistic principle. In a truly free market, there would be no governement bailouts and the weakest corporations would simply fail. I used to be just like you- I thought socialism was a good idea. The problem is, it's not practical at all. It's extremely idealistic and it's just not in human nature. We need a reward for our labor and some people win, and some lose. That's life
Hm. Odd how this all happened after 1913, the federal reserve act, And bailouts aren't capitalist. Capitalism cant be held accountable for the economic problems, because capitalism isnt what we've had.
@OmarAlQaseer Well said, bro. I appreciate that you spent the time to clarify the situation, when I did not do such a great time explaining myself in the video.
People don't want socialism because they think people are "evil". Rational socialists do not think in the "good" versus "evil" dichotomy but we understand that because of capitalism, the owning class has an incentive to exploit the working class. The working class has an incentive to fight for their rights and own the means of production, and the working class has a right to democratically control their place of work. THIS is the meaning of socialism! Economic and political democracy!
In my opinion, if we are going to have a government at all (which is a debatable topic in itself), it ought to focus on protecting individual rights and liberty in a very dogmatic way, maybe a few public services, then otherwise leave me the hell alone. It ought to be smallest in scope at the national level, moderate at the state level, and actually useful at the city/county level.
@rmcdaniel423 I'm all for a society where we don't need government, where the community cares for those in need, and everyone can focus on living a productive, happy life, but that's not exactly feasible right now. If we stripped away the government, there would be chaos. And also, with globalization, we need to be united under something.
@porcupine325Q You need govt to be "productive and happy"? You think less govt (like I suggested with small fed/strong local structure) would be "chaos"? Why? You seem to have a dim view of your fellow man, that we can't function without the omnipotent fist of a massive central govt ruling our every move. Obviously we will never agree. You see the good that govt COULD do. I see the harm that govt ACTUALLY does. That much power cannot be controlled. It's like Tolkien's ring.
@rmcdaniel423 No that's not what I said. I said I would prefer no government, so communities themselves could help one another be productive and happy. I would PREFER no government. The chaos would come from the RICH and WEALTHY taking advantage of the deregulation, as they have in the past decades. I believe that human nature is to help one another, so we wouldn't need government. The problem is insane wealthy people corrupted by money. The evil is not government, it is gov't by the wealthy.
@porcupine325Q Silly boy. The rich and wealthy do not equal EVIL. The evil are not taking advantage of deregulation. The evil HATE deregulation. They love regulation with loopholes specifically designed for them that they lobby the government to make so that they have unfair advantages. In a FREE MARKET, they would FAIL. Your beloved socialism CANNOT WORK unless people are "good" and want to help each other. If they are "good," CAPITALISM and its FREEDOMS would be the best choice.
@porcupine325Q The "good" people would become rich and charities would flourish to help the others in need and less fortunate. You want socialism because you think people are "evil" and need to be regulated to be "good." The problem is if people are "evil," then socialism will be corrupted and fail. Read Animal Farm.
You make the common error of confusing capitalism with corporatism. Capitalism would look FAR different in a true free market, with no gov't collusion. Describing the current US economy as the definition of capitalism is like describing the fascist regime of the old USSR as the definition of socialism. Both would be incorrect. Form of gov't and form of economy are two separate issues.
@rmcdaniel423 Fair point. I didn't really cover the whole situation with these points. Capitalism can work, and there are other ways to improve the US's situation without turning to socialism. Another solution would be to return to the effective regulation that came out of the New Deal.
@porcupine325Q The regulations (and numerous programs) that came out of the New Deal, both directly and as an ongoing consequence of government style, can trace a straight line to the multi-trillion dollar debt burden that threatens to utterly destroy our economy in a way that no single company ever could. The road to Hell is paved with good intentions, and "progressive" politics is FULL of good intentions. :)
@rmcdaniel423 I have to disagree. Up until 1929, the US economy was rather unstable, with a crisis or recession of some sort every 15 years or so. Then of course there was the Great Depression, and then the New Deal. For the next half a century or so, we did great, no issues such as those before the depression. But then we began loosening regulation under Reagan, Bush, Clinton, and Bush, and BOOM, we have our current crisis.
@porcupine325Q Are you really implying that the crippling and ever-expanding debt burden I mentioned is due to a LACK OF REGULATION from 1981-2008, but Obama is somehow exempt from contributing to it (you left his name out of your list of guilty presidents)? You must realize that every dollar spent, even nonexistent fiat currency for social programs, counts as regulation too . . . regulation of money.
@rmcdaniel423 Yep, that is what I am implying. Lack of regulation lead to the crisis and debt and such. I left out Obama because I was talking about the causes of the 2008 meltdown, which happened under Bush. Obama has had his fair share of successes and mistakes in office, as each of the presidents I've mentioned has. Yes that's all regulation, and I'm fine with that. That's helping people.
@porcupine325Q Your failure to distinguish corporatism from capitalism makes this entire video and its arguments invalid. Capitalism does not promote greed or selfishness. It would be of huge detriment to a capitalist to cheat people because it would come around to bite him in the ass in a free market, unlike in the corporatist US. Your economic crisis arguments are against corporatism, not capitalism. Capitalism does NOT promote inequality through social class. It allows the poor to raise their
@porcupine325Q social class through hard work or innovation. All your statistics on inequality are the result of corporatism and socialism. In capitalism, NOBODY gets a bail out, EVER. Capitalism gives everyone an equal chance at success. Socialism punishes the successful to give the unsuccessful unearned "gifts." Socialism taxes the rich to give unnecessary "necessities" to the poor like health insurance. Those goals of socialism are the same as capitalism. Correct and edit this video.
@JaySee5 : That's not entirely true. How does one born into a wealthy family earn their social class through hard work or innovation? How does one born into a slum earn their life in the slum? There are workers who work 50 years, years on end, and work hard, but perhaps they can't afford college so they're stuck in the same place, while a rich inbred imbecile (not all rich are imbeciles, oddly enough) can afford Harvard. Social class is not a reflection on someone's work ethic.
@JaySee5: Social class is a reflection on environment, family ties, opportunities afforded by one's government and by the economy, and to a SMALL extent, a reflection on work ethic. Capitalists are the judgmental ones. Capitalists pass judgment on the poor and insist that if you're poor or have been laid off, it's YOUR fault. Tell that to the 1 in 4 Americans who lost their jobs in the Great Depression, or to the fruit vendor in Tunisia who lost his job, while the elite exploited the people.
terrible video
Scattnam 16 hours ago
This has been flagged as spam show
I can't speak for anyone but myself... I think it was great when Bill Gates worked hard in his garage to come up with his own invention. I also think it was great when Henry Ford built his first car in his garage on his spare time from work. Or when Jawed Karim, Chad Hurley, Steve Chen founded YOU TUBE! No other country has made more new inventions than the USA! That's called CAPITALISM! You have the freedom to make your own fortune. Stop whining and make your own, unless you're too stupid!
you831able 3 weeks ago
you have nice ideas but I respectfully disagree. There will always be an oligarchy, suffering and corruption in any system we choose and history has proven it. Ask a handicapped person if life’s fair. The answer will be no but it’s not what your given its what you make of it, there are plenty of people born into privilege and die poor and even more the other way around. What is life without challenges and it’s the challenges that make people interesting to read about in the history books.
jconnally0 1 month ago
I created this video as a sophomore in high school, two years ago. My opinions have since changed. I now believe in capitalism with heavy regulation and enforcement of laws. I believe we need new rules to limit the influence of corporations on our government. I also believe in a strong government social safety net. Not programs like welfare, but education, job training, healthcare, and affordable housing.
porcupine325Q 2 months ago
@porcupine325Q I would like to debate you about this. A few issues here:
1. The current United States system is barely even capitalism anymore. There are so many business regulations.
2. If you look at history, capitalism is always better. There have also been countless experiments done where socialism loses to capitalism.
Capitalism > Socialism
chasehunters 2 months ago
@chasehunters um not much of a history regarding socialism. those "experiments" are very shallow and uninformative.
nickallah 1 month ago
@porcupine325Q basically now you believe in social capital hybrid. something in between
nickallah 1 month ago
The united states claim they are capitalism which they are not. Capitalism works
SuperAsianmonster 2 months ago
you totally WRONG dude. Gov bailout is NOT capitalism, it's just a corrupt government. CAPITALISM works! it's just the US gov who's not practicing it right.
frix123 3 months ago
Your "theory" is flawed! All you talk about is Capitalism's downside. 3 FACTS are missing!!!
1) Capitalism has caused the most improvement in any society in the history of mankind the largest middle class in all of history. And Socialism leaves 90% of it's followers in poverty.
2) Socialism is hurting America right now! + it is combining with Radical Islam.
3) Our republic is hacked & hijacked
GOOGLE= Against America cajeffo
GOOGLE= Muslim Experience cajeffo . . . I'm open to a Public Debate.
CaJeffO 3 months ago
Comment removed
CaJeffO 3 months ago
Can I for once find a video on youtube about capitalism and socialism and not have it be bias?
mtstatehk14090914 3 months ago
The only complete economic system is provided Islam. It can solve all the problems that r unsolveable in any other economic system in the world. Islam gives us a better form of mixed economy. If you all get some time then requir explainations from any true islamic scholor who have a concept of economic system of Islam. We most intelligent of us is God and surely his given system will be complete for humanity. thanks
loyalcma 4 months ago
Bullcrap.
TheSilligirl 4 months ago
Bailouts and protection of Monopolies is Corpratism right? And don't claim they are the same, cause the aren't. Do some research, you'll see that Corporatism is in fact a social ideaoligy that has existed for a few hundred years. Also, Capitalism is fascism? You have it backwards, Socialism and Communism, which denounce Free Markets are Fascist since the economy is controlled by the government, Also without fascism how can you gaurentee complete theft of the peoples money and property?
CyberTechWolf 4 months ago
You do realize that government bailouts are NOT principles of capitalism, right? In a truly free market society businesses either fail or succeed. There would be no government bailouts. This video is highly misinformed, but that's probably why you're a socialist in the first place.
TurquoiseCowboy 4 months ago 2
To all you people pining for the equality of statism (socialism, communism, etc) think about the gates test. Think how many Cubans, Eastern Europeans, Chinese, Vietnamese want to move to capitalist countries and how many of us from capitalist countries want to STAY in Cuba after we visit.
Heck, just look at North and South Korea. One nation starkly divided today by economic and political systems. It's easy to talk utopia but human nature is what it is. Capitalism and democracy is the best way.
sirobnole 4 months ago
Okay...in order with the vid so they can be read top to bottom:
"Promotes greed & selfishness"
Wheras socialism promotes...no...ENFORCES laziness and stagnation! I'll take greed, at least it moves things forward through cutthroat competion!
dangard88 5 months ago
When you complain about 'Taxpayers money' being used for these bailouts, bear in mind that 68 % of all taxpayer money comes from the rich & corporations, NOT the poor / middle class! I'm not saying the bailouts were justified, but in the minds of the ceo's they were only taking BACK what had been taken FROM them.
dangard88 5 months ago
"Promotes plutocracy"
We dont have plutocracy!! How do you think Obama got elected?? True, the rich CAN put the arm on government like in the bailout disgrace, but that's a chancy thing to do, since the government can retaliate like Roosevelt vs. the monopolists.
dangard88 5 months ago
"Everybody gets an equal chance at sucsess"
Even if that WERE true, the 'sucsess' is less than 1/10 what it is under capitalism
dangard88 5 months ago
"full development of one's personality & talents"
HOGWASH!!! In socialism, those with the greatest talents are expected to pick up the slack for those with the least. Result: after awhile they simply stop succeding as much.
dangard88 5 months ago
Finally. "Political, social & economis destinies are democraticly determined"
So the majority rules? Once the majority realizes that they can 'vote' themselves gifts from the public treasury, or instal in office whichever leader promises the most gifts...that's it. Your 'social democracy' is like 2 wolves & a sheep voting on what to have for dinner! And just on a personal note: I prefer to choose MY destiny, not have it 'voted' on by the poor!
dangard88 5 months ago
This is so incredibly wrong I just cant believe it. Look at Milton Friedman for a logical explanation of why. Also Ludvig von Mises, FA Hakek and Ayn Rand... For a more modern writer try Robert Murphey or Ron Paul. Watch "The Soviet Story" and tell me you still like Socialism. These writers offer you a logical argument and no demagogery.
caisamadrid 6 months ago
Capitalism is Unconstitutional. Capitalism's core ideology and only ideology is: Profits before people". Money is more important than a human life. The is not following what Democratic Socialism proposes, which is; "We the People".
cpmondello 7 months ago
@cpmondello You have that backwards. Socialism takes on the belief that we cant take care of ourselves, where is freedom of choice? if I want to be stupid and fail in life, wouldn't I deserve to fail?
metallifreak100 5 months ago
The best solution is Distributism (see wikipedia) which is equidtsant from both capitalism and socialism. It seeks to break up monopoly which concentrates capital and power in too few hands and to encourage the widest possible ownership of private property to individuals beyond all centralist models.
0rbis2010 8 months ago
Socialism is not about equality, it is about getting a fair shot of being successful even if your parents weren't. There would still be rich people and poor people, but only because those individuals earned/deserved it.
Socialism will never happen in America by result of election, the politicians get most of their contributions via the affluent. However, as the rich hoarde more and more money - the support structure of the economy weakens until the people have had enough and it collapses.
rcouret 8 months ago
Comment removed
CyberTechWolf 8 months ago
This video is mislabled, this is, why "Capitalism sucks". Do you really think people want economic equality? I dont know about you but I would want the chance to excel and get ahead and be rewarded for my hard efforts. In socialism I could be a high level architect and I'd make as much as a Garbage Collector. So I wouldnt feel a need to go the extra mile. Plus if all my need are provided for I wouldnt be out looking for a job, I'd be at home playing my xbox, continued.....
CyberTechWolf 8 months ago
Government bail outs are not capitalistic ideas, it is a socailist idea. you need to do a little more studying
ThatsMrShem 9 months ago
Comment removed
ThatsMrShem 9 months ago
Uhhh you do realize that government bailouts for corporations are not principles of capitalism, right? That's a socialistic principle. In a truly free market, there would be no governement bailouts and the weakest corporations would simply fail. I used to be just like you- I thought socialism was a good idea. The problem is, it's not practical at all. It's extremely idealistic and it's just not in human nature. We need a reward for our labor and some people win, and some lose. That's life
TurquoiseCowboy 9 months ago
You are living in a world of illusion; you do understand that you are promoting equality, instead of fairness?
ShadowWireDirector 10 months ago
Bud, look more into Capitalism; you're missing some beneficial stuff.
ShadowWireDirector 10 months ago
Hm. Odd how this all happened after 1913, the federal reserve act, And bailouts aren't capitalist. Capitalism cant be held accountable for the economic problems, because capitalism isnt what we've had.
connorqb17 11 months ago
Solidarity, brother!
OmarAlQaseer 11 months ago 2
@OmarAlQaseer Well said, bro. I appreciate that you spent the time to clarify the situation, when I did not do such a great time explaining myself in the video.
porcupine325Q 11 months ago
People don't want socialism because they think people are "evil". Rational socialists do not think in the "good" versus "evil" dichotomy but we understand that because of capitalism, the owning class has an incentive to exploit the working class. The working class has an incentive to fight for their rights and own the means of production, and the working class has a right to democratically control their place of work. THIS is the meaning of socialism! Economic and political democracy!
OmarAlQaseer 11 months ago
This has been flagged as spam show
Stick Figure Logic
/watch?v=qWNFNV9SHlc
ZombieLand 1 year ago
In my opinion, if we are going to have a government at all (which is a debatable topic in itself), it ought to focus on protecting individual rights and liberty in a very dogmatic way, maybe a few public services, then otherwise leave me the hell alone. It ought to be smallest in scope at the national level, moderate at the state level, and actually useful at the city/county level.
rmcdaniel423 1 year ago
@rmcdaniel423 I'm all for a society where we don't need government, where the community cares for those in need, and everyone can focus on living a productive, happy life, but that's not exactly feasible right now. If we stripped away the government, there would be chaos. And also, with globalization, we need to be united under something.
porcupine325Q 1 year ago
@porcupine325Q You need govt to be "productive and happy"? You think less govt (like I suggested with small fed/strong local structure) would be "chaos"? Why? You seem to have a dim view of your fellow man, that we can't function without the omnipotent fist of a massive central govt ruling our every move. Obviously we will never agree. You see the good that govt COULD do. I see the harm that govt ACTUALLY does. That much power cannot be controlled. It's like Tolkien's ring.
rmcdaniel423 1 year ago
@rmcdaniel423 No that's not what I said. I said I would prefer no government, so communities themselves could help one another be productive and happy. I would PREFER no government. The chaos would come from the RICH and WEALTHY taking advantage of the deregulation, as they have in the past decades. I believe that human nature is to help one another, so we wouldn't need government. The problem is insane wealthy people corrupted by money. The evil is not government, it is gov't by the wealthy.
porcupine325Q 1 year ago
@porcupine325Q Silly boy. The rich and wealthy do not equal EVIL. The evil are not taking advantage of deregulation. The evil HATE deregulation. They love regulation with loopholes specifically designed for them that they lobby the government to make so that they have unfair advantages. In a FREE MARKET, they would FAIL. Your beloved socialism CANNOT WORK unless people are "good" and want to help each other. If they are "good," CAPITALISM and its FREEDOMS would be the best choice.
JaySee5 1 year ago
@porcupine325Q The "good" people would become rich and charities would flourish to help the others in need and less fortunate. You want socialism because you think people are "evil" and need to be regulated to be "good." The problem is if people are "evil," then socialism will be corrupted and fail. Read Animal Farm.
JaySee5 1 year ago
You make the common error of confusing capitalism with corporatism. Capitalism would look FAR different in a true free market, with no gov't collusion. Describing the current US economy as the definition of capitalism is like describing the fascist regime of the old USSR as the definition of socialism. Both would be incorrect. Form of gov't and form of economy are two separate issues.
rmcdaniel423 1 year ago
@rmcdaniel423 Fair point. I didn't really cover the whole situation with these points. Capitalism can work, and there are other ways to improve the US's situation without turning to socialism. Another solution would be to return to the effective regulation that came out of the New Deal.
porcupine325Q 1 year ago
@porcupine325Q The regulations (and numerous programs) that came out of the New Deal, both directly and as an ongoing consequence of government style, can trace a straight line to the multi-trillion dollar debt burden that threatens to utterly destroy our economy in a way that no single company ever could. The road to Hell is paved with good intentions, and "progressive" politics is FULL of good intentions. :)
rmcdaniel423 1 year ago
@rmcdaniel423 I have to disagree. Up until 1929, the US economy was rather unstable, with a crisis or recession of some sort every 15 years or so. Then of course there was the Great Depression, and then the New Deal. For the next half a century or so, we did great, no issues such as those before the depression. But then we began loosening regulation under Reagan, Bush, Clinton, and Bush, and BOOM, we have our current crisis.
porcupine325Q 1 year ago
@porcupine325Q Are you really implying that the crippling and ever-expanding debt burden I mentioned is due to a LACK OF REGULATION from 1981-2008, but Obama is somehow exempt from contributing to it (you left his name out of your list of guilty presidents)? You must realize that every dollar spent, even nonexistent fiat currency for social programs, counts as regulation too . . . regulation of money.
rmcdaniel423 1 year ago
@rmcdaniel423 Yep, that is what I am implying. Lack of regulation lead to the crisis and debt and such. I left out Obama because I was talking about the causes of the 2008 meltdown, which happened under Bush. Obama has had his fair share of successes and mistakes in office, as each of the presidents I've mentioned has. Yes that's all regulation, and I'm fine with that. That's helping people.
porcupine325Q 1 year ago
@porcupine325Q Your failure to distinguish corporatism from capitalism makes this entire video and its arguments invalid. Capitalism does not promote greed or selfishness. It would be of huge detriment to a capitalist to cheat people because it would come around to bite him in the ass in a free market, unlike in the corporatist US. Your economic crisis arguments are against corporatism, not capitalism. Capitalism does NOT promote inequality through social class. It allows the poor to raise their
JaySee5 1 year ago
@porcupine325Q social class through hard work or innovation. All your statistics on inequality are the result of corporatism and socialism. In capitalism, NOBODY gets a bail out, EVER. Capitalism gives everyone an equal chance at success. Socialism punishes the successful to give the unsuccessful unearned "gifts." Socialism taxes the rich to give unnecessary "necessities" to the poor like health insurance. Those goals of socialism are the same as capitalism. Correct and edit this video.
JaySee5 1 year ago
@JaySee5 : That's not entirely true. How does one born into a wealthy family earn their social class through hard work or innovation? How does one born into a slum earn their life in the slum? There are workers who work 50 years, years on end, and work hard, but perhaps they can't afford college so they're stuck in the same place, while a rich inbred imbecile (not all rich are imbeciles, oddly enough) can afford Harvard. Social class is not a reflection on someone's work ethic.
OmarAlQaseer 11 months ago
@JaySee5: Social class is a reflection on environment, family ties, opportunities afforded by one's government and by the economy, and to a SMALL extent, a reflection on work ethic. Capitalists are the judgmental ones. Capitalists pass judgment on the poor and insist that if you're poor or have been laid off, it's YOUR fault. Tell that to the 1 in 4 Americans who lost their jobs in the Great Depression, or to the fruit vendor in Tunisia who lost his job, while the elite exploited the people.
OmarAlQaseer 11 months ago
great video man
LouieArrighi 1 year ago
Sure.
bananasplit917 1 year ago
I choose Socialism
LenovoFightsPoverty 1 year ago