The TOP 3 Common Myths about Capitalsim (VIDEO)

[R_P_A_S]

Hey guys. Gotta love the cute music and the warm feel of this video.

Please listen to this clown and discuss. I'm currently at work and can't fully contribute but I know some of you will have great commentary and some facts to refute this year old argument from Capitalist.

http://www.youtube.com/watch?v=KGPa5Ob-5Ps&feature=plcp&context=C2485aUDOEgsToPDskJbMrkZXSMX5Z1yAURWAui1

http://www.youtube.com/watch?v=KGPa5Ob-5Ps&feature=plcp&context=C2485aUDOEgsToPDskJbMrkZXSMX5Z1yAURWAui1

[Comrade Samuel]

1:18

fail.

[The Dark Side of the Moon]

What a fucking idiot....
All I can say

[The Young Pioneer]

1:18

fail.


Ohmaigawd.

Sign me up as an anti-business person, then, for I have little to no skill! :rolleyes:

[Impulse97]

Bah, this is all hot air. This dummy doesn't have a clue what he's talking about.

[RedZezz]

First "myth": Being pro-Capitalism is the same as being pro-buisness.

Claim: the point of capitalism the the point that buisnesses need to compete vigorously against each other.

???: Therefore we need to get rid of anti-trust laws since it interfers with capitalism?

Best part: Compitition makes buisnesses work hard. Buisnesses understand this and they hate capitalism.:laugh:

************************************************** ************

Second "Myth": Capitalism generates an unfair distribution of income.

Claim: True Capitalism rewards people who are productive.

Reality:

http://thecurrentmoment.files.wordpress.com/2011/08/productivity-and-real-wages.jpg


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Third "Myth": Capitalism is responsible for the recent financial crisis.

Claim: We didn't have real capitalism because it was not lazzie faire. We had subsidizing of risk. Governments encouraged overinvestment housing.

???: I tought buisness leaders deserve their money because they that risks. I thought the claim was that risks lead to new innovations. When buisnesses take risks and fail it is not the governments fault and it is not true capitalism.

************************************************** *************

I dont know who these people are, but they have a shit load of money since their videos are advirtised constantly, even on non-political channels.

I see they also have videos on how great Ayn Rand is, so it explains how useless their claims are and why they only needed three minutes to hammer out their positions.

[Comrade Samuel]

Ohmaigawd.

Sign me up as an anti-business person, then, for I have little to no skill! :rolleyes:

I'm saying that's the opposite of what happens.

10 people in the work place 3 of them talk on there cell phone for hours, never do anything productive and leave early every day to "pick they're kids up from school". The other 7 bust their asses 9-5, act responsibly and do the hardest work but the 3 still make more money.

"what true capitalism does is rewards people who are productive"

[Le Rouge]

First "myth": Being pro-Capitalism is the same as being pro-buisness.

Claim: the point of capitalism the the point that buisnesses need to compete vigorously against each other.

???: Therefore we need to get rid of anti-trust laws since it interfers with capitalism?

Best part: Compitition makes buisnesses work hard. Buisnesses understand this and they hate capitalism.:laugh:

************************************************** ************

Second "Myth": Capitalism generates an unfair distribution of income.

Claim: True Capitalism rewards people who are productive.

Reality:




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That pic raped my computer.

[Caj]

This guy is a fucking idiot. He simply redefines capitalism to his laissez faire pipe dream which doesn't exist, never has existed, and never will exist. The state in bourgeois society is an apparatus with the fundamental purpose of acting in the interests of the bourgeoisie. This is why government intervention in economic affairs is not a defect of capitalism, but an inevitability.

And capitalism "rewards" those who are productive? Replace the word "rewards" with "exploits" and then that assertion couldn't be more correct. Those who are rewarded under capitalism are the unproductive, the owners of the means of production, the bourgeoisie, who, instead of doing any labor themselves, exploit the labor of their workers through the theft of their surplus value (which is expressed in "profits"). Meanwhile, the productive class, the working class, which produces all wealth is subjected to exploitation, oppression, and alienation from their fellow workers, their labor, their produce, their society, and ultimately themselves. Under the best of circumstances, they see their wages continuously dwarfed by the astronomical accumulation of wealth by the bourgeoisie. Capitalism does not reward the productive. It punishes them through their exploitation by the unproductive, whose theft is protected by the state and deemed as "legal".

Oh, and market capitalism has led to higher standards of living? Even accepting that that is true, it is no more an argument for capitalism than the fact that feudalism led to higher standards of living than what existed in slave societies is an argument for feudalism. Of course, the inital premise isn't correct anyway, as the drastic increases in living standards in the state capitalist (so-called "Communist") experiments of the 20th century demonstrate.

[RedSonRising]

This guy is a fucking idiot. He simply redefines capitalism to his laissez faire pipe dream which doesn't exist, never has existed, and never will exist. The state in bourgeois society is an apparatus with the fundamental purpose of acting in the interests of the bourgeoisie. This is why government intervention in economic affairs is not a defect of capitalism, but an inevitability.

And capitalism "rewards" those who are productive? Replace the word "rewards" with "exploits" and then that assertion couldn't be more correct. Those who are rewarded under capitalism are the unproductive, the owners of the means of production, the bourgeoisie, who, instead of doing any labor themselves, exploit the labor of their workers through the theft of their surplus value (which is expressed in "profits"). Meanwhile, the productive class, the working class, which produces all wealth is subjected to exploitation, oppression, and alienation from their fellow workers, their labor, their produce, their society, and ultimately themselves. Under the best of circumstances, they see their wages continuously dwarfed by the astronomical accumulation of wealth by the bourgeoisie. Capitalism does not reward the productive. It punishes them through their exploitation by the unproductive, whose theft is protected by the state and deemed as "legal".

Oh, and market capitalism has led to higher standards of living? Even accepting that that is true, it is no more an argument for capitalism than the fact that feudalism led to higher standards of living than what existed in slave societies is an argument for feudalism. Of course, the inital premise isn't correct anyway, as the drastic increases in living standards in the state capitalist (so-called "Communist") experiments of the 20th century demonstrate.

Post it on youtube homie. Let's educate these folks.

[TheGodlessUtopian]

Post it on youtube homie. Let's educate these folks.

...and Facebook anywhere that can reach an audience.

[RedZero]

If you think the video is idiotic, then please refrain yourself from reading any of the comments. The majority of these people are defending the guy/his points. God, people sure do love to bend over for the system that's screwing them.

[Klaatu]

Capitalism could not survive without government intervention. (subsidies, favoritism, tax breaks, squelching competition, etc)

So I say let these clowns like Professor Poophead here have his way, and we remove all regulations on the private capitalists, and then watch their 'system' slowly eat itself from within and ultimately collapse. If you don't think it would collapse, just look at what is happening right now: Bush, et al, lowered taxes and regulations, and the crooks came in and started feeding.

Capitalists should be thankful to the government and taxpayer for our generosity and protection, for without this benevolent helping hand, capitalism ceases to exist. Instead, they blame the government for their self-created problems. Talk about biting the hand that feeds.

[Red Commissar]

What's more annoying about this video (or rather series of videos) is it's often promoted on youtube, so it comes up a lot as a featured/promoted video on the related vids following the end of a clip. Even from the clip preview you can see it's all smug. I think one of theirs is about Ayn Rand too.

[RedZero]

This guy is a fucking idiot. He simply redefines capitalism to his laissez faire pipe dream which doesn't exist, never has existed, and never will exist. The state in bourgeois society is an apparatus with the fundamental purpose of acting in the interests of the bourgeoisie. This is why government intervention in economic affairs is not a defect of capitalism, but an inevitability.

And capitalism "rewards" those who are productive? Replace the word "rewards" with "exploits" and then that assertion couldn't be more correct. Those who are rewarded under capitalism are the unproductive, the owners of the means of production, the bourgeoisie, who, instead of doing any labor themselves, exploit the labor of their workers through the theft of their surplus value (which is expressed in "profits"). Meanwhile, the productive class, the working class, which produces all wealth is subjected to exploitation, oppression, and alienation from their fellow workers, their labor, their produce, their society, and ultimately themselves. Under the best of circumstances, they see their wages continuously dwarfed by the astronomical accumulation of wealth by the bourgeoisie. Capitalism does not reward the productive. It punishes them through their exploitation by the unproductive, whose theft is protected by the state and deemed as "legal".

Oh, and market capitalism has led to higher standards of living? Even accepting that that is true, it is no more an argument for capitalism than the fact that feudalism led to higher standards of living than what existed in slave societies is an argument for feudalism. Of course, the inital premise isn't correct anyway, as the drastic increases in living standards in the state capitalist (so-called "Communist") experiments of the 20th century demonstrate.

I used a couple of points from your second paragraph and this is what someone replied to me with:

"Perhaps you should study history and the different economic systems, how they have affected their general populations before making such responses. I doubt however that you will. You are ignoring history & natural behavior. Which high suggests you don't have the drive to self education or the common ability to understand natural instances within all living things. Good luck with that mentality & your an overall unaccomplished life."

Gee, that isn't the most fucking broad and generalized statement ever painted. They gave so many examples and reasons as to why my original comments were erroneous. I truly hate the "maybe you should actually read about history while I give you no examples" rebuttal.

[CommunityBeliever]

If you look at the history of the world, huge fraction of the improvements in standard of living have come because private businesses have created new products, given people jobs, generate profits, and raised people out of poverty and allow them to live fruitful and productive lives with reasonable standards of living.

You won't be able to find anyone today who was alive when capitalism was still progressive, so you had better look to world history instead. In present times, it is states (including Marxist-Leninist ones) that invented computers, AI, spacecraft, nuclear energy, etc, raised standards of living, enforced human rights, and that have been the main progressive force in society.


step back from the excessive regulation

What "excessive regulation"? We need more regulations to ensure the capitalist tyrants don't do any more damage to society.


what true capitalism does is it rewards people who are productive

There is a difference between what you call "true capitalism" and real capitalism which rewards the unproductive bourgeoisie.

[Hexen]

If you think the video is idiotic, then please refrain yourself from reading any of the comments. The majority of these people are defending the guy/his points. God, people sure do love to bend over for the system that's screwing them.

Infact it's not just youtube, try reading the comments on other sites like techdirt, alternet, common dreams, torrentfreak, etc which gives you an idea how delusional the majority populace are even when trying to correct them they resort to name calling, ridiculing, etc and retort to capitalist propaganda as if it's scripted in them till the point it's impossible to reason with them, because most people don't look for facts and would rather believe what their told all their lives.

As much I hate to say this but I have a dire feeling that this is why we won't see a revolution in the foreseeable future because the capitalists have pretty much won at this point. The 1990s was a victory point for capitalism against "communism" (which is actually state capitalist) and their now free to make the entire world capitalist (which is the entire point of the unfolding events in the 21st century) with public opinion swayed towards their favor which is one of the ways that capitalism functions.

[Q]

The function of this video is simple propaganda, not to explain or defend anything.

Said differently: This video is a pro-active attack, not a defense. And this approach has been very effective for decades as it fills the heads of millions with rubbish arguments to defend/rationalise capitalism for themselves, thus making logical anti-capitalist conclusions much harder.

The adequate response is to post similar videos on a pro-working class basis.

[Agathor]

Some of it is correct. He's right when he says that Microsoft and Shell don't want to compete in a market - they want monopolies. However, as Karl Marx demonstrated, monopolies and oligarchies are the natural outcomes of laissez faire capitalism. That's why every healthy society has developed anti-trust regulations.

He's also right when he says that capitalism's inception brought dramatic improvements in living conditions for most of the effected. However all this proves is that capitalism is better than feudalism, which every good Marxist already knows because Marx wrote about it all the time.

These free marketers are very dishonest. When the system succeeds it's testament to the wonders of capitalism. When it fails it isn't the fault of capitalism because what we haven't isn't authentic capitalism.