Market Economy Vs. Planned Economy

This video is done for my social-33 (grade 12) chapter 9-10 assignment.

Any comments regarding racism will be deleted without notification

Suggestions and your thoughts will be highly appreciated ; please leave them below

PsYchO MeNkzZz
(mettalic_fussion@hotmail.com)

Category:

Education

Tags:

• market
• economy
• vs.
• planned
• business
• economics

[robertwc82]

are wendy's MacDonalds and KFC al owned by the same people?

[PsychoMenkz]

no, they are owned by different people. And in McDonald's case, you can buy the brand name for $ and own your own McDonald's but I have no idea how it works. Maybe you have o pay a % of your net income to the mother company or something.

[marketofideas]

Benjamin Tucker and Kevin Carson are anarchist free-market supporters so how come they are in the planned economy section at 3:24?

[PsychoMenkz]

well this video has some minor mistakes and I kinda favoured market eco. as well. To be honest, I adhore communism but since it is not very practicle I side with free enterprise.................(IM­O , communism is jealousy and capitalism is greed )..

I did spend so many hours trying to match the video and audio tracks but WMG ruined everything so I'm pleased to know you watched till 3.24 and thanks for the comment indeed

[sarahlive93]

wow you certainly got some talent ah.......:P......hey menuka, why dont you make another video for nirvana???? lol do it soon

[PsychoMenkz]

ohh i'll do it...... :P

[snowman555555]

Oh believe me, you would be much better off in a free market economy then in a planned economy. My country has a LOT of experience with it.

[snowman555555]

Good video, you should read The Road To Serfdom by Friedrich August von Hayek if you haven't. And you forgot to include a VERY important aspect in your movie: fascism was a planned economy ideology as well. The only difference between 1) communism and 2) fascism is the goal: 1) class-less society, 2) superiority of übermench. But both ideologies applied the same economic tool: planned economy. And the outcome was pretty much the same 1)Gulag and 2)Auswitz.

[unnamed00]

Yes because we all know rich people work the hardest...

[Bowyerma]

I agree, the planned economy was lacking of factual information compared to free market. It shows that the author had a propaganda-based understanding of capitalism.

[smoskprosk]

this video is propaganda, it's clear that you like one of the sides alot more and you try to make the other one look bad

[WASR10RAGNAROCKER]

any system of government that is completely based on materialism is doomed to fail sooner or later.now i know that people much smarter than me might have something to say about it and thats what im looking for,go ahead and insult me just please make it a good one.i dont want to hear about proper punctuation and grammar,that is so fucking boring.