Sam Vaknin is WRONG about Capitalism being Zero-Sum
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- čas přidán 8. 05. 2024
- Capitalism is win-win, NOT win-lose. It is not a zero-sum game, which is why it's the best economic system we've ever had. I agree with Sam Vaknin that capitalism is degenerating into neo-feudalism, but I completely disagree with what he says about capitalism. Sam Vaknin doesn't really seem to understand how value is truly generated, captured, and distributed in a way that is beneficial to humanity.
Watch Peter Schiff's video on defending the 1%:
• 🔴 Peter Schiff at Occu...
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Y'all need to watch Peter Schiff, another person like Yaron Brook who actually understands finance better than Sam Vaknin, DEFENDING THE 1% and is essentially saying what I'm saying but 1000x better.
Link to Video: czcams.com/video/RY0R0NpIdQQ/video.htmlsi=lWft_qxR15C9sBYt
Thank you
Peter Schiff doesn't have enough bitcoin.
I’m a minor. One of the issues that I am most concerned about is climate change. I try to eat less meat, especially beef, and walk to and from school when I can to reduce my carbon footprint.
I do agree with your point that under laissez-faire capitalism there is always good potential to innovate something new that can serve the world well and make a ton of money because we have free will, but I’m not hopeful for a breakthrough like any of that for fighting climate change will occur any time soon, despite the pleas I hear from climate scientists that it has to happen now, because I believe the brutal truth is that people in the US have freely chosen to keep living in a way that flagrantly contributes to climate change in the name of tried-and-true economic growth. The best I can hope for is if people have a change of heart and do their part before climate change becomes a catastrophe for everyone.
Climate change is inevitable so forget doing anything to prevent it. If we are heading for catastrophe, don't be a sucker by trying to prevent it. If we're not heading for catastrophe, don't be a sucker preventing something that's already preventable. Live your life to the maximum. Drive a car as much as you want, and eat as much meat as you want. Don't sacrifice your happiness. Laugh at the morally self-righteous leftists as they give up their happiness to feed their narcissistic grandiosity.
Human beings shape the environment to suit their needs, they don't adapt with the environment. Who cares what the environment is doing honestly. That's why we have air conditioners and heaters, irrigation, and electricity. Capitalism, economic growth, and innovation will protect us from the climate. Abandoning economic growth and capitalism will make everyone poorer, less innovative, have less products, and put us at the mercy of the environment.
Read by The Moral Case For Fossil Fuels by Alex Epstein.
Beware of the climate alarmists. They are trying to induce fear in you so that they can better control and manipulate you the same way religious people preach the apocalypse from their Bible. If both the left and right were serious about positive change, the last thing they would be doing is scaring people.
Climate change only exists in media owned by people who want to enslave you. If you didn't read the news you wouldn't have noticed a thing. You're also too young to remember they've been fearmongering for more than 50 years now and been wrong every single time.
Yeah, I'm not gonna take a furry defending capitalism seriously. You sir are a meme.
Welcome to the circus.
I'm a furry and I fucking love capitalism lmfao why is that so hard for you to comprehend??
@Octuly It's not hard to comprehend, it's just übercringe.
@@alephnull6457 How is it cringe? What do you want furrys to be? Anti-capitalism?
@@Octuly You're such a goofball.
Well. I someday will take the time to watch your videos.
And this one time a fury is right? And then you woke up.
Vaknin says a lot of dumb shit in this but when he is talking about people inheriting wealth. He's not meaning your dad left it for you. If you invested right at the peak of the 2008 financial crisis, you're a millionaire today... Like I am.
It was a wealth transfer from young to old. You weren't able to reap those rewards. You weren't able to inherit the wealth of society. What we live in...is actually closer to feudalism then Capitalism. Here in Canada, I defy you to earn a million dollars in 10 years as a regular person without government intervention in asset markets.
I used to be like you. But I'm 37 now and I play for team evil. You wanted profit? Pfizer shares during government mandates is a good way to make riskless money. The government has your back.
Investing in the wake of 2008 was the same. Capitalism isn't broken. Our constant interventions however... Gold reveals these lies for what they are.
Oh... I didn't know he meant investments when he said wealth was inherited. But that still doesn't explain how wealth was transferred from the young to old. Investors not only help themselves, but they expand and grow the economy, which essentially boosts the wealth of everyone. And frankly, the young don't have anything to begin with so I can't really imagine what kind of wealth transfer really happened. Rich people are usually very old and that's the way it should be.
But yes, I agree with you that we are closer to feudalism, closer to USSR in the 1980s than America in 1776, as Sam Vaknin said in the interview he had with Richard Grannon.
But I still think today's generation is doing much better than past generations regardless of the degeneration of capitalism.
My main criticism is that Sam Vaknin is blaming capitalism when he should be attacking the loss of capitalism. To say capitalism is zero-sum makes zero sense.
@@Kasperanzaa So another way to put it. When I entered the job market the minimum wage was $7.00/hour.
Stocks back then were pennies on the dollar today. Your earnings at minim wage are no way comparable to mine. I could afford a two bedroom apartment by myself making $7 an hour. Today it's tough to do that at $20 an hour.
...so... Where do you get money to invest? You will never catch up to us. Neo feudalism in action.
@@Healthycow Yeah, I know what inflation means for rich people. If you watched my video you would know. I heard Sam say this. I didn't disagree with this. This isn't revolutionary or hard to understand.
Sam acts like he's so clever when he says, "Inflation is essentially another tax on the poor."
"Look how smart I am"
"You have such a thick skull"
"Rich people are taking advantage of you."
Blah blah blah, I already know this.
No, people are getting screwed because money is being overly printed by the government, not because of your age and class. Your age and class are fine. Plus, the middle class, our democracy, voted for these leaders that printed this money, so honestly, we get what we deserve. Capitalism and rich people are not to blame. Government intervention is to blame. That's what Sam Vaknin doesn't understand. Capitalism is the algorithm of anti-government intervention.
@@Kasperanzaa I agree with the general statement, however. You have to take a look at who is making these decisions. It rapidly turns into generational warfare. It's people of my generation, and people of my parents generation. It doesn't matter if you live in the United States, Europe or Canada. With every single little "event" that happens. We choose as a society to offload actual buckets of money to "solve" the problem. It equates to little more then buying votes... But they're buying those votes with your money, not with mine.
My generation will inherit what the Baby Boomer generation has now. Class warfare among millennials is just starting.
Anyone graduating now will never amount to anything. I can basically make that as a blanket promise. Until you dethrone the people like me that took extreme advantage of all this government money printing. You will never be able to buy Exxon Mobil Corp at $31, like I did. To do what I did will cost you $120. And your risk profile is extreme compared to mine. We know exactly what we're doing sadly.
Think of how many people didn't get any covid vaccines, but then turned around and told you to...simply because we own the stock. If other people didn't buy it, we wouldn't have doubled our money. We had our allies in media creating a nonstop fear vortex, and our allies in media removing opinions that would damage our holdings.
By the way, I'm a graymuzzle furry, so I really do mean it when I say I used to be just like you. :3
I now play for Team Evil because Team Evil is winning.
@@Healthycow You’re a furry too? :O
That’s very good.
But yeah I think I agree with what you’re saying too. Maybe when the boomers finally die and we inherit their money, things will be better. But oh well, life isn’t really fair. Some people win and some people lose. I try to count my blessings, regardless.
No he is not lol xd
He actually is
@@Kasperanzaa Uneven distribution of wealth is a zero sum game ????? Are you crazy
@@warriordx5520 not if the pie keeps growing
@@Kasperanzaa yeah right "growing" with all the inflation and market crashes and reset of wealth to the already wealthy
The pie grows slower than the growing distribution towards the rich basically a pie that gets bigger but they take more % of it while commoners like you and me get to have shit for fucks
@@Kasperanzaa the capitalist system is a simple thermodynamics problem.
The rich are heavily favored the more money they have. the poor just get shit on. It doesnt matter who is the "ruling elite" its just natural law of any "free market"
How rich are you dude? You wearing a cheap costume claiming to know more than a guy who has experiential knowledge being a capitalist.
actually, my costume would cost a couple thousand dollars
Financial profit is only derived from the deliberate and forceful creation of a large working class.
Feudalism is to blame for that, then the capitalist took advantage of that ready made class system.
without that foundational class system capitalism could not exist.
The hierarchies of feudalism and capitalism are pyramid shaped, while every natural hierarchy of competence is a bell curve (IQ bell curve) with few at the top and bottom and the majority in the middle.
Pyramid hierarchies are artificial and integral to capitalism/profit, there has to be a very large base of low paid workers in a capitalist hierarchy in order for profit to be generated.
Financial profit is not possible in a natural (bell curve) hierarchy because there aren't enough people at the bottom to skim labor value from.
Capitalism is not contrary to feudalism, capitalism is the lying rat that feudalism gave birth to.
- There's more to making a profit than simply having a working class
- No economic system would be possible without a working class lol
- Who cares if pyramid hierarchies are artificial.
- Besides, we need to make an essential distinction between the hierarchies of capitalism and feudalism. Under capitalism, one rises to the top because they create value, Under feudalism, one is at the top either from birth or because they stole value. The people at the top of capitalism are not only part of the working class, but are the most important
- I imagine your solution is to flatten the hierarchy with socialism. Rewarding the incompetent and punishing the competent. Good luck getting any results with that.
@@Kasperanzaa read my comment again, more carefully this time.
1. "working class" means low paid, it does not mean people who work !
2. there was plenty of social mobility in feudalism, most lords were former soldiers who the king rewarded for their fighting prowess, there was also the church that anyone could join and then rise through the "ranks"
even a chef could be greatly rewarded if they pleased an estate landlord.
3. my point about bell curve hierarchies is that there are still exceptional people at the top, no change needed there.
the artificial pushing of average people down to the bottom is the problem with the pyramid hierarchy.
@@Flux_40
- If you work, you are part of the working class. I don't see how being low-paid changes anything. Plus, this demonstrates the feudalist mindset in yourself. Rich people that created their wealth have essentially been a part of the working class, did start out poor, or had to work harder and smarter than anyone else, and were the first workers of their business. It's not like they were automatically placed on the top and get to stay their forever without doing anything
-The king rewarding a soldier is already a corrupt system because the king has power that doesn't fairly belong to him. To conflate the social mobility of feudalism with capitalism is a grotesque form of dishonesty
- I don't understand how people are being "pushed down" ?? Besides, pushing people down to the bottom is fine because everyone's standard of living rises under capitalism regardless. PLUS, being pushed down to the bottom is a sign of social mobility. You should always be pushed in some kind of direction, not remaining stagnant.
@@Kasperanzaa you really are uneducated.
bye bye.
AHAHAH for someone who seems to care about the "working class" it's so funny to hear you say "there was plenty of social mobility under feudalism." If I'm uneducated, your education level must be incomprehensibly low.