The Capitalist System Exposed

This is a video created by a YouTube user named Robin McVeigh. She is apparently gone from YouTube but luckily I pulled this video before she left. I think it's a great video and wanted to put it back on You Tube. I hope you enjoy it.

If anyone knows what happened to Robin, drop me a line or leave a comment. I think Robin would be happy to see this video back on You Tube.

Category:

Education

Tags:

• Anarchy
• Anarchism
• Bakunin
• Capitalism
• Capitalist
• capital
• profit
• exploitation
• slavery
• wages
• interest
• rent

[AccumulatedKnowledge]

@jmintube You can go ahead and believe that. No one will stop you. But you are not entitled to your own facts, which say differently. Take the Bison for instance. They were almost forced into extinction until they became subjects of property. Suddenly, there WAS an incentive to make them breed and grow in numbers. If profit is your goal, then so is preserving your property.

[AccumulatedKnowledge]

@jmintube That's different. Corporations are given their charters through limited liability laws. This means their owners can be protected by government law from lawsuits that would otherwise target their own personal wealth. Rothbard wrote that limited liability wasn't bad in itself as long as it were applied to people who use their products. It does become illegitimate when exercised on a non-contractual basis

[jmintube]

@AccumulatedKnowledge I agree that this is true for the common man/household, but in terms of corporations, I have yet to see the vast majority of firms embrace this logic (obviously there are some exceptions such as Interface). However I believe that the incentive to earn a profit erodes any notion of preservation of resources/sustainability (so long as it is not profitable). Take a look at Europe, there is really only 1 forest left on the continent (if you discount the Scandinavian countries)

[1337wafflezz]

Money is just used as a substitute for actual product. Before money there was bartering but money became more efficient and effective alternative because it could adjust to any market equilibrium. c0munists are so stupid they can't even understand the basic principle behind capital. PATHETIC, no wonder why their crappy totalitarian system murdered millions of people. If they didn't die from starvation they would die from lack of brain cells.

[AccumulatedKnowledge]

@jmintube Fine, don't answer the painfully obvious.

"how we as a society can overcome the "tragedy of the commons" within a capitalist environment."

Private property ensures owners have an incentive to preserve their resources. Next?

[jmintube]

@AccumulatedKnowledge I tried not to get bogged down in relative arguments but it seems that is the direction that our discussion is heading. I would like to cut this and debate on the core concepts, the guiding ideology. Please enlighten me....explain how we as a society can overcome the "tragedy of the commons" within a capitalist environment.

[AccumulatedKnowledge]

@jmintube As for China, tell me which is worse, the Great Leap Forward or the China of today?

[AccumulatedKnowledge]

@jmintube And if the US had it so bad, then how do you compare that with the period BEFORE capitalism? Surely if you're right, the world should have been better off in 1700 than in 1800, or 1850.

[AccumulatedKnowledge]

@jmintube YOU are rejecting history my friend. I have already provided you with two sources that use real world examples and reject your conclusion. You have done nothing but hypocritically rejected them without any reason, yet expect me to watch a documentary that I have seen, and can be explained away by two words: "price signals". Check out conspiracyscience(dot)com. They refute most of the documentary.

[jmintube]

@AccumulatedKnowledge Also, here is a historical example of free markets. Roll back the clock to the industrial revolution in the USA. You will find that there existed a free market economy which exploited labour (including children), which led to the great concentration of wealth and environmental devastation...the same thing that is happening in China. The growing liberalization of the Chinese market is contributing to large scale pollution in the country...profit>morality...pr­ofit>environment