The Profit Motive: Going Places | Pro-Capitalism Propaganda Cartoon | 1948
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This classic animated short - originally titled as 'Going Places' - is a Cold War-era propaganda film about the American entrepreneurial spirit. It was produced in 1948 by John Sutherland and sponsored by the Harding College. It is one of the "fun and facts about American business" series.
The cartoon attempts to defend and promote the principles of capitalism against other economic philosophies, especially Marxism. It defines the profit motive and dramatizes the part it has played in the economic development of America. It tells the story of how progress is achieved through hard work, research, competition, and fair trade. It has a rose-colored view of capitalism, where industrial development is always an improvement over what existed before, where savvy consumers are impossible to cheat, where profitable businesses always share the wealth with their employees, and where the free market always quickly thwarts any monopolistic attempts. Although this cartoon is a good example of capitalist propaganda which fails to explore or explain the downsides of capitalism, it readily admits that for capitalism to work, economy must continue to grow.
Plot:
The cartoon stars Freddie Fudsie, a lazy soap maker who just wants to go fishing. He invents bar soap, makes some money, and is about to retire in peace and quiet when the "Profit Motive," in the form of a beautiful young woman, captures his attention. Freddie, who suddenly needs more money to win her affection, never sees a fishing hole again. But that's okay, because "the profit motive has been the driving force behind the growth of American industry" and "will make a better life for the children of tomorrow." In order to raise the standard of living for his new wife and kids, Freddie uses his invention of bar soap to continue to grow his wealth. He step by step grows up to be the CEO of Fudso Soap, Inc., a thriving giant corporation, and learns about competition, monopoly and the evils of price fixing.
BACKGROUND / CONTEXT
In the late 1940s and early 1950s America, millions of theatergoers, students, and industrial workers saw one or more animated short films, shot in Technicolor and running eight to nine minutes, that were designed to build public support for the principles and practices of free enterprise. The Alfred P. Sloan Foundation quietly funded the production of this series of cartoons, titled Fun and Facts about American Business, through multiple grants to industrial animation house John Sutherland Productions via Harding College, an evangelical college in rural Arkansas that would become known nationally for its anti-communist and conservative political activism. (The Alfred P. Sloan Foundation was established in 1934 by Alfred P. Sloan, Jr., then-President and Chief Executive Officer of General Motors.)
Profit motive:
In economics, the profit motive is the motivation of firms that operate so as to maximize their profits. Mainstream microeconomic theory posits that the ultimate goal of a business is to make money. Stated differently, the reason for a business’s existence is to turn a profit. The profit motive is a key tenet of rational choice theory, or the theory that economic agents tend to pursue what is in their own best interests. Accordingly, businesses seek to benefit themselves and/or their shareholders by maximizing profits.
Theoretically, when an economy is fully competitive (i.e. has no market imperfections like externalities, monopolies, information or power imbalances etc.), the profit motive ensures that resources are being allocated efficiently. In other words, profits let companies know whether an item is worth producing. However, the market itself, should minimize profits as it is a cost to the value chain. Competition is the key tool by which markets overcome the individual firm's profit maximization incentive. The profit motive is a good of value to the economy. It is needed to provide incentive to generate efficiency and innovation.
The majority of criticisms against the profit motive center on the idea that profits should not supersede the needs of people. Another common criticism of the profit motive is that it is believed to encourage selfishness and greed. Critics of the profit motive contend that companies disregard morals or public safety in the pursuit of profits.
For more information about profit motive, see:
en.wikipedia.org/wiki/Profit_...
The Profit Motive: Going Places | Pro-Capitalism Propaganda Cartoon | 1948
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why is fudso pronounced fud zee
I love the part when the cop stops the guy from stealing the apple and then the cop steals the apple
Jesus fuck thank you cause that made me pause the video and I'll be damned but that's the first comment I see.. cop stealing the stolen apple.....
Nigga it's just an apple 😂😂😂
That sounds like a metaphor of taxation
@@user-zl1fi8se3h which is theft
@@taxevader7613 based
Well, he never made it to the fishing, did he?
Capitalism destoryed
@Tsumuro You mean irresponsible industrialization, not Capitalism.
@Tsumuro The premise you are making seems to be that Capitalism, which brings prosperity and growth to humanity is wrong due to the costs of growth on the environment, that's kind a a messed up statement, specially considering you cannot fix everything with economy alone, people need to want to clean the environment, and what system of voluntary transactions and right to property encourages the mutual fulfilling of both parties involved in monetary transaction? Capitalism.
Capitalism is the reason we have made innovations towards renewable energy and taken superior technological steps towards protecting the environment. Even places like China and India, the greatest polluters with rising demand for environmental care have companies making ingenious working solutions to cleaning their rivers and the air, solar power is becoming cheaper as demand rises and is met with competition, more efficient and less pollutant batteries are being made by companies to store said power at far greater capacity and output, some day we will be extracting materials from asteroids, in the more immediate future in about 20 years we would have replaced oil as power source, we will have to work on synthesizing it for it's many other purposes for when we truly can't find any more still.
@Tsumuro I think those are two different issues, but atleast innovation will always be propelled forward aslong as Capitalism exists, it simply meets the needs and competes with innovation to fill those needs, if we don't care about our environment then Capitalism wont either, if we do they will as we have seen. Like I said Economy cannot fix everything, it's a matter of education I think to be honest, so we can make the right choices and vote with our dollars so to speak, Capitalism may be the best economy but to have the best possible society you need a virtuous people, can't really solve everything with Capitalism alone I think.
@Tsumuro Greed and selfishness are found everywhere, which is why every system in humanity has been exploited, this is not a Capitalism exclusive problem, nor even one that Capitalism even excels at, this is why we set regulations, because humans aren't perfect. The difference is that even with imperfect humans Capitalism has worked better than all other even more easily exploitable systems which have caused millions of deaths by being easily exploited, specially if said systems involve surrendering certain basic liberties. Changing Capitalism to another system won't get rid of these problems that actually have nothing to do with Capitalism.
About starting your own company and exploiting others to survive that's objectively not true, atleast not in the first world Capitalist countries, much less in the U.S. where holding down a job, graduating from high school and not having children out of wedlock is statistically proven to almost absolutely get you to middle class unless something terrible happens to you. Starting your own company is also not the only way to be successful.
This story ironically shows how incredibly meaningless the pursuit of wealth is: Fudsy wants an easier way of making soap for the sake of having more time to fish, but ends up having his whole life revolve around the accumulation of wealth without ever getting the chance to do so.
I mean it kind of simplifies the personal life aspect of it a lot but usually this kind of behavior includes going out now and then and meeting people. You can’t be a complete recluse like it’s depicted here.
Exactly what i was thinking! When in those years of hard work did he ever accomplish his goal of fun?
"I said money, money changes everything. It's all in the past now, money changes everything." - Cyndi Lauper
@@girlykyuu1185 There in lies the irony of money making. You can have all the money in the world, but money is useless unless you use it for something.
@@arcanondrum6543 The Brains wrote this song
5:45 Sudso and fudso then team up and beat the tiny competitor out of the market after sending thugs to break his knees, stopping him from competing with them
Sending thugs to break people's knees is very much illegal, monopoly laws or no
@@mr.ocelotguy8995 Who's gonna stop me? The police whose chief I bribed? (the police was operating under the profit motive)
@@mr.ocelotguy8995 It's only illegal if you get caught and only a hinderance if you can't afford the fines.
The funny part about this cartoon is that it insinuates that these companies who fix prices can be beat out by a competitor rather than just buy the competitor and monopolize... you know... like real life.
but the video mentions government is to act as failsafe, preventing monopolies
Companies can't fix prices and get away with it without interference from the government, via special privileges (e.g. franchises, subsidies, regulations) or legislative actions forbidding the use and/or sale of goods and services from competitors. Without government assistance, it would be impossible for a would-be monopolist to set and maintain his prices and production policies independent of the rest of the economy. If he attempted to set his prices and production at a level that would yield profits to new entrants significantly above those available in other fields, competitors would be sure to invade his industry and he would be certain to go broke.
@@BJ52091 How do you think governments came into power in the first place?
At the time industries were highly regulated and monopolization was unlikely. We are in the age of accumulative deregulation. That's why monopolization happens.
Whaaaaat? But governments will step in like rhe cartoon says! No way something like Disney owns most of everything! /s
So, his wife married him because he was a successful businessman. Sounds healthy.
Money makes everything better.
@@ronnickels5193 but not your happiness.
Marriage doesn't have to be built on love, just mutual respect.
Looks real life scenario to me.
Actually he imported one from Slovenia!
Aah, the naive optimism that government will always prevent monopolies...
The truth is that it is the government itself that creates monopolies.
@@Zhou454 [citation needed]
@@afgor1088 US healthcare, look up CON laws
@@adonisparts1343 1. Already know about them, I reallllly don't think you know what they do
2. Now explain standard oil, Google, Amazon, shipping and air freight
@@afgor1088 Lmao what do they do then?
I love how the devil in this is evil more because he didn't turn a profit long term
he is, should've followed supply side jesus's way and made a stable profit over many years
And the moral of the story is that Fudsy only wanted to go fishing but his great idea grew into such a monstrosity that fed off of his greed that he spent his entire life chasing that Almighty dollar and never really did get to go fishing.... All that money and no happiness...
Whats the point of money if u cant spend it
It's a producer thing. You wouldn't get it.
Congratulations, you completely missed the point of the video
@@jankoleon3785 and you completely missed the entire point of the sarcasm
How do you know he isn't happy?
Poor dude, all he wanted was to hang out and do fun things with his time and he ends up wasting his life making soap, the one thing he wanted to escape so he could enjoy his free time. Now he's locked into a life time of unending responsibilities and liabilities when he could have just gone fishing and enjoyed his free time. The most depressing part is where he takes 10 years wasting his youth to make a slightly more marketable form of soap.
Lol! There were better entertainment options when he had the choice.
And balding, iugh
Someone has to produce the food you’ll want to shove down your throat and I’m not going to be forced to do it by ANYONE so you can just hang out and do fun things for ten years.
I love how these old propos give the whitewashed idealistic version of capitalism. The average person after WWII didn't understand anything more than the "American way" but didn't realize that corporations have always tried to skirt paying the taxes that build communities around them. When they're powerful enough they just buy the politicians that allow them to stifle new competition that would grow the economy, drive innovation, reduce costs and create newer jobs by forcing newer and costlyregulations while lobbying for subsides and recided taxes to that "they aren't forced to move to a cheaper zip code or country to stay competitive."
He made everyone around him better off and helped create wealth so other people can go and have fun... If thats wasting your life then I believe everyone should do their best to waste as much of their lives as they can.
Except once the two big corporations decide on price fixing, a small fry business would never be able to afford to sell their soap at a lower price. Imagine a startup trying to undercut Amazon. Itd either never get off the ground due to impossible overhead, or be bough instantaneously
Because of the government. It's government regulations that crush the little guys and benefit the big guys.
Not the corporations' faults. Price fixing without government backing is a self-destructive practice.
I mean, there aren't just stores like Amazon and Walmart though. There is Target, Costco, Kohl's, Best Buy, Big Lots, etc. Just because major corporations are in a different league than small businesses, doesn't mean there isn't still competition within those major corporations
@@BJ52091
please explain.
there's no government regulations.
apple and samsung decide to both sell their phones at the same price.
how exactly is that self-destructuve?
competition is the antithesis of profits.
@@sabin97 My preferred example of how the government ruins competition is septic tank installation. What does a guy need to sell and install a septic tank for a client? A shovel, a prefab septic tank and a wrench. What the government says he needs: a yearly training course. Registering an LLC for taxes and an address separate from his home. A business license, wherein your big business competition sits on the board, thousands upon thousands in insurance liability, environmental compliance training, health and unemployment insurance, certification in any machinery you are expected to use, insurance for that backhoe, a truck to transport said backhoe. A permit for EVERY installation. Inspections of your installation before and after which turns a 1 day job into a 3 day job.
A large business can eat these costs easily while the little guy trying to muscle his way into it gets crushed. Thanks to big government and big business tag teaming the guy.
Lol when the lower prince soap comes along the monopolist will just buy them off. Just as Facebook did to Whatsapp and Instagram.
They can't buy out all the competitors when they jack up the price.
It varies with industry. There's industries where it's not possible for a bloke to start from nothing at the moment. Investing in something like a luxury cruiser requires that you can already put up capital and manage some risk.
You are saying like FB put gun on head of Insta and WA. Those apps sold themselves willingly to FB.
So the owners of Instagram sold the business for more than it cost them to start it... 👍🏻
it would be too expensive to buy a monopoly
I like the part where Freddy pays his taxes
yeah, it was the funniest joke in the video
"the government steps in to prevent monopolistic attempts" Uh huh...yeeeah. These days they just issue huge amounts of new debt to bail out lenders on the shoulders of the taxpayers and give the corporations tax CUTS. Taxes on the top 2% were 80% when this film was made. Oh, the irony.
Yes the tax was 80% but no one has ever really paid that much.
Zzz GOD zzZ that’s right, they actually invested it in wage growth and jobs instead of stock returns....which was the entire point.
what do high personal income tax rates have to do with corporate taxes?
People didn't pay anywhere near the full 80%
@@melvinklark4088 right, so where did they invest it? There were no “safe-space, no-risk, Fed-backed” stocks back then like there are now. They used it. Now they don’t. They let it sit instead of putting it to work. That’s how we ended up reliant on China to provide what we no longer produce to keep wages low and it backfired with a massive wage gap.
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Freddie became a Capitalist to escape Capitalism.
So, wanting to have fun = wanting to escape Capitalism?
Interesting
He had to buy the fishing rod and if he wanted to sell the fish, he probably could.
That makes no sense
That's a sick joke if there ever was one.
@@chickenflavor9880 , it makes perfect sense
Freddie just looks progressively more tired and miserable
Greed
Thats called getting older
Because working too much affects the health
He did all in his youth
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They forgot the part where Fudsy broke up strikers looking for decent wages and workman's comp. Plus there's a hilarious amount of oligarchies in US business it's ridiculous.
Its also funny to see that they never mention unions or worker-organisations in these series of cartoons.
@@TOFKAS01 That's the idea. Unions and Worker-Organisations are part of the Commies
Or, they can work there way up to a higher position with better pay instead of expecting more money right off the bat. And the only oligarchy is the U.S. government.
@@TOFKAS01 Or, they can work there way up to a higher position with better pay instead of expecting more money right off the bat. And the only oligarchy is the U.S. government.
@@jankoleon3785 How naiv... No wonder that quiet quitting is a thing today. You can work your ass of today and never get a raise or a promotion today.
The whole fishing thing reminds me of the story of a Wall St executive vacationing in a small fishing town in Mexico. He talks to one of the locals and asks him what his day is like.
"I go out, catch enough fish to sell at the market, have lunch with the wife and kids, have a siesta, then go into town and play music with my amigos."
The executive said "If you stayed out just a little longer and caught a few more fish, you could buy a bigger boat and higher some people to help you."
"And then What?"
"You could take those profits and get a fleet of boats."
"And then what?"
"You could go public with an IPO, and then sell off you shares for a ton of money."
"And then what?"
"You could spend the rest of your days having lunch with the wife and kids, have a siesta, then go into town and play music with your amigos!"
in american markets you'll only get attacked by predatory short selling hedgefunds who will make billions as you drown, and everyone with your business. which brings us to crony capitalism. welcome, it's hell
The executive then sent his thugs to create his own fishing company, over-fished the area to the moon and back then broke the knees of any of the fishers who protested.
Then there was no music or fiestas.
What an angel 😇
What about providing financial security for your kids and their kids and their kids down the line? You're forgetting that.
0:28 And that's when Freddy decided to become a cryptobro. He went on to promote his own meme coin on social media and, 20 years later, his net worth rose to -$178
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Dammit, Baby Boomers. WHERE'S MY JET PACK??
jgwest1 they spent it into medicare
Jet packs are outdated, we are in on quantum bit technology now. No need for a jet when you can teleport
You can buy one you just have to work to pay it you lazy bum
@@scooprussell930 ZOOOOOOOOM
@@scooprussell930 the only thing that teleporting is my income. Why do I want a jet pack? To sore in the air without gliding in mountains.
Also teleportation is the thing that will kill the airline industry, regulating planes to the same treatment as trains.
this video: you cant have a monopoly because the free market will bring a new competitor.
monopolies: i buy my competition
monopolies: can't wait to set my prices and production policies independent of the market, with immunity from competition, flouting the law of supply and demand!
monopolies: wait, where's the government to fund me to buy out my competitors?
government: ...
monopolies: shit, guess I have to earn my monopoly on merit, by providing a better product at a competitive price in a free market.
@@BJ52091 the competition: we are selling a good quality commodities.
Monopolies: I can make the same product and sell it at a loss because I have the capital that the government gives me every time I need a bailout and soon we will run you of the competition.
Competition: that’s ok we will demonstrate that our product is superior.
Monopolies: no you won’t I already launched an aggressive campaign of ads against your product and I also own the market where is sold and the ones I don’t own I have exclusivity in exchange for a small amount of the profits.
The average consumers: this is very anti-consumer it should be disbanded and it should be punished.
The government: I hear you but we need to tax you more to subsidize the monopolies.
Idiots: monopolies are not real it’s all merit.
@@emiliouchila Thanks for elaborating on (and, I think, inadvertently proving) my point. As long as the government meddles in economic affairs, companies can rise and fall due to government coercion rather than due to the law of supply and demand. History supports us both on this. The solution is more capitalism, not more socialism. Separate the state from economics, coercive monopolies disappear.
On a related note, I suggest refraining from calling anyone idiots when you want them to consider what you have to say. If you're serious about ideas, let's hash them out, not fling verbal poo.
@@BJ52091 oh but is idiotic that I have to explain how capitalism creates monopolies. It’s literally on the word. The power is held by those who has the more capital. It should be called monopolism since that is the endgame.
Another reason to call someone an idiot is when they confuse socialism with what capitalism does.
You literally did the stupid people that don’t know about government or economics trope. “Socialism is when government does something”
Let me guess you think that the free market is self regulated by nature?
If that is the case that is a s much fiction as communism.
I take absolute no pleasure in calling someone an idiot specially in an age where information is abundant and on your face all the time. It’s sad
@@emiliouchila "Socialism is when government does something" it's funny that you mention that because that's still a better definition of socialism than any socialist ever gave. You also have no right to mock that seeing that you still use the term of "Capitalism" which in itself comes from socialist strawman arguments (Fun fact, the word "Capitalism" was never actually used before socialist writers invented it)
As for free market being self-regulating, yes it is, the problem is that a pure free market is just as unachievable as communism, though you can get far closer to that because "Free market" is actually a properly defined ideal unlike communism. I do agree some sort of interference to break up monopolies is necessary, as a system which does not centralise power is in short: impossible. But it's funny that you say that the self-regulation of free market is a complete and utter fiction when it has fared far better on the front of decentralisation of power, wealth and resources than any other system. The moment when socialist/communist systems were actually tried, they always devolved into monopolies of power, wealth and resources in the hand of the government.
Also, calling people idiots just makes you look like a smug asshole too entrenched in his beliefs to consider that there are facts you might have missed or that your assumptions might be wrong.
if only life was a cartoon where evil was always punished and decency triumphed but alas people suck
"Evil"
Is barely clear
It was not clear back then
Not clear now
Well fictional stories doesn't always have a good ending so......
True. If only the laws were as objective, as clear, or as consistently enforced for businessmen as they are for criminals. As it stands, businessmen don't get any kind of justice in a mixed economy. Make the laws objective, separate state and economics entirely, watch justice prevail.
I mean, evil wouldn't exist if it didn't have a benefit
And corporations paid taxes
it seems especially funny today, when whole market belong to three companies
Which three would that be?
Nestle, Apple and Amazon.
Nestle itself owns more than 50% of all fresh food production companies in the world.
@@vimax3858 switzerland moment
@@vimax3858switzerland moment
Now they sent all production to China. And if you buy a shorted stock they'll stop trading to individual investors.
Production went to China because of the profit motive funnily enough. It's a market with a large supply of available labour which is purchasable at a much lower cost.
That's why 80% of the US economy transitioned into a service-based economy, in which high-skilled or location-based jobs are the main drivers of job creation. An advanced economy shouldn't need to be slaving in a sweatshop to make money, the whole point of an economy is to offload physical labour to machines while human workers do more advanced or creative work.
Just like they did with GameStop
@@Encryptsan then they started sending that service economy to India. Oh... that.
@@mgabrysSF When I say "service economy" I'm not literally talking about customer service representatives. Remember, customer service representatives don't make money for a company, they just exist to address complaints, and are therefore a net drain on a company's bottom line.
A "service based economy" means either highly trained experts providing services to businesses or individuals (either financial, technical, logistics, project management, software, IP, design, consulting, or, well, a buttload of other things), or it could also mean physical location-based services like cooking, building, maintenance, or anything that requires a worker to be in a specific location.
Services make up 77% of the US economy, so it seems to be working out fairly well.
@@Encryptsan Yes - software, website design and UI/UX has been outsourced to India - for decades in fact. What - you think I was only talking about call centers? Really?
I like the part where the protagonist says "It's soapin' time." and proceeds to soap all over his competitor.
With great soap comes great responsibility
The flip-side of the profit motive: "If I don't make profit, I'll die".
Is that really the best or only way to motivate people to work for a high-quality benefit to society? Utter fear of poverty and death is the ONLY motive we can come up with?
It's not us, existence itself pushes that motive onto us even if we don't want it. The universe is actually quite hostile to our existence and things used to befar, far worse. The fact that we can enjoy any sort of free time today is a luxury provided by society.
Correction: If nobody produces, everybody dies.
Free markets offer a system where you are rewarded directly for what you produce. And therefore more production gets done, and everybody benefits.
@Russ Ingram There's a reason for that, and it has NOTHING to do with the Free Market.
If you look closely at the charts, production, wages, and living standards all rose hand-in-hand right up until about 1970. What happened around 1970?
First you had the expansion of the welfare state in the late '60s - and all its corresponding tax increases.
You also had the expansion of military industrial complex with Vietnam.
Finally, America (and correspondingly the rest of the world that uses the USD) went off the Gold Standard in 1971, freeing up Government to print as much money as they want, causing massive inflation.
Between all of these things, you get exactly what you just said. A decline in living standards while worker productivity continues to increase.
@Russ Ingram Inflation doesn't effect wages? That's an odd claim to make.
Inflation is not prices going up. Inflation is the value of every dollar going down.
It's like if you made a ruler with 15 inches, but it was still only a foot long. The only way that makes sense is if the inches are smaller.
With inflation, you have the same amount of goods and services, but more dollars circulating in the system. The end result is it takes more dollars to buy the same stuff.
@Russ Ingram Actually, that IS the point. The value of the dollar goes down, but your nominal wage remains the same.
Ergo, you have less buying power.
Comprende?
2:41 , Police in Cyberpunk 2077 .
Economics 101 - free market works. Business only profits when it helps or pleases people in the society- the more it can please or help, the richer it gets. Capitalism Manifesto.
Because us consumers have oh so much power as is 😶
The fuck you smoking?
It's 1948 and I can't think of any time capitalism has failed this country*
*my memory only goes back ten years
The stolen apple was "confiscated." 🤫
6:04 unless the government is either bribed or the companies that are monopolies are too big to fail because they are being dependent on by the government itself to remain stable in the economy
Thanks for uploading these. It's very interesting to get a look at the ideals of these time periods.
I don't think that the fundamentals have changed today. The most innovative products and services today are developed in this method. . For example the iPhone or the equivalent Samsung product are very innovative and their development and sales are driven by this philosophy of producing something great that people will voluntarily buy.
@@vkgiotis lmao you are a sheep to propaganda. Your comment proves it
@@spencerjames9417 you are not making an argument nor do you make sense. What propaganda and what proof are you referring to?
@@vkgiotis that MF is a pro-lazy propaganda (a.k.a communist). You shouldn't talk about basic economy to them.
what's even more interesting is that there are STILL people who hold those "values".....
Tell that legal monopoly thing to Apple XD
Or Amazon or google or Facebook
@@LLMood But amazon works with many other companies to sell their products, they aren't the only store online, they just offer better costumer service and are better at it than others, they deserve the money they make. Google's success is entirely because people choose them over other search engines, again because they do it better, even if they put up with their political meddling, same thing with facebook, being successful and the best at something is not a bad thing. Apple also doesn't have monopoly in electronics, they get surpassed by other companies like Microsoft in almost every way sometimes, that's competition. There is nothing wrong with success, not that you suggest that, but the fact is that we had demands and they fulfilled them and the less people support small flexible innovative businesses the more they grow. And heck even then I compete with big businesses by doing delivery and doing installations with electronics at the moment for example, you'd have to wait for a week to get your xbox fixed with Microsoft, but I'll go to your house, meetup with you or you can come to my house and I'll even give you M&Ms while you wait if you have to at all.
update: oh that was a 7 month old post, I necro'd lol
Apple has competitor
A single competitor doesnt it's not a monopoly and just because the Google pixel 2 exists doesnt make it a competitor
2020 and no kids with jetpacks.
Still I know.. total bs
Sadly two or so big companies holding a majority rarely hurts them. Yes if you charge double the fair price with your monopoly it just takes one upstart to shake things up (assuming they can break that mold) but also people will just buy what they're familiar with. The real aim is to remove direct competition, your brand handles one territory or niche and theirs promises not to step on your toes. I agree people should be allowed to privately own and profit from their business to help it grow but there's got to be some oversight too.
Companies don't have complete pricing power. If a monopoly artificially raises prices, what stops a competitor from entering that market? Lets take the example of railways: a railroad to a remote town is owned by a large railway company. This company decides to raise transport rates because there is no other competitors. Our first problem appears: competition. Now that this particular railroad is very profitable, competitor railroad companies start buying up nearby land to perhaps open up a rival road (to capture this profit). This then forces our monopoly to lower rates, so as to make such an endeavour less appealing. Meantime, our second problem: decreasing demand. Consumers have now decided it more profitable to use some other service, namely; driving a car, or airplane travel, or boat travel, or whatever other means of transportation. There is now less demand for the railroad service and thus people are no longer using your service (less profit). There is also rationing, however this doesn't apply here.
Thus monopolies in practise never work: there is always competition or diminished demand due to higher prices.
@@lmy2366 Consumer centric business models completely destroy expected economic behaviors. So a new competitor can easily fail despite offering a better product for a better price. Some models lock the consumer into an service ecosystem that is too valuable to give up, some provide far greater convenience and versatility, some provide a plethora of additional services as benefits.
Amazon is a key example. You start off with Prime just for free shipping, then they offer Prime Video, Prime Music, Prime Reading, etc. It's a hard pass to go from this to say Alibaba or Walmart online even if they were to offer cheaper goods and free shipping.
Apple is a different example. Despite Windows/Android OS products being substantially cheaper and more versatile, Apple products still sell in large numbers at a significant premium. It owes it's original success to a marketing strategy, but it's continued success is because their OS is an ecosystem that connects seamlessly between each of their products, and if you were to switch to Windows or Android you pretty much have to start over. That intimidates consumers from making the switch even if making the switch has more economic value.
@@PURENT "some models lock the consumer into service ecosystems that are too valuable to give up" so you are saying such systems are more profitable to use for consumers? It's value analysis. If the long term costs of a service overwhelm the short term benefits relative to an alternative, then the consumer will switch services.
In the case of Amazon, it still beats Walmart in terms of price and is still one of the cheapest online retailers. That lead is narrowing, however they could not have expanded and continue to expand their market share without offering the better deal, despite your claim of that being otherwise.
In the case of Apple and their ecosystem: you will find in a detailed analysis of value that Apple products are simply superior for consumers prefering quality over price. Also, the fact that American consumers purchase a new phone every three years details very much that consumers wouldn't be unwilling to sacrifice short term benefits over longer term ones.
@@lmy2366 Nope. I'm saying the expected behavior of participants in a market economy does not reflect actual behavior in reality. This is mainly because humans exhibit irrational and inconsistent behaviors: loyalty, emotional decision making, sunken cost and other fallacious thinking, and downright stupidity.
I see you're already voicing your opinions about the companies but didn't really address the points I was making. It's not necessarily cost-better for consumers to use, it's merely convenient to have all your services tied to a single account. It may be cheaper to simply avoid Amazon prime and use alternative services that provide TV, music, and reading. But managing an account to various companies is more of a hassle than a single company.
Apple products simply aren't better than other products, they are only perceived that way due to marketing strategy. Let me remind you that Apple is currently selling proprietary caster wheels for $700.
Here's a final point for you. In the 1980s A&W created a 1/3 lb burger, larger than McDonald's 1/4 lb burger and sold it for the same price as McDonald's. Buyers go for the most value right? Well the A&W burger struggled to sell, focus group studies found that it was because the majority of participants believed the McDonald's burger was bigger due to poor mathematical literacy.
@@PURENT "humans exhibit irrational behavior" No one claims that consumers are all perfectly rational all the time, rather the claim is that individuals are in a better position to further their own self interest than anyone else. Would you trust the government to make decisions in your stead, to decide on your behalf what you purchase? Of course that is silly, so our imperfect system will have to do.
Amazon is cheaper than competitors, and if it wasn't; it wouldn't get any business. You say the other services Amazon offers constrain rational decision making. But if such services had no economic benefit to the consumer, why would they purchase them? Your point isn't a point at all as you haven't actually proven scientifically that Amazon is more costly than competitors.
Lets say you earn $5,000 of income a year and use an Apple product. Lets also say another person earns $50,000 and uses the same product: do you both derive the same utility from the usage of it? Why is it Apple caters to the higher end of the market? Because consumers whom earn a higher income derive more utility from their products, and so they can afford the dearer price (yet higher quality).
"Build a better mousetrap, and the world will beat a path to your door" if only it were that simple. Companies still need to advertise their products to attract customers. No doubt the example you listed was poor communication with the customer. But just beat the path! If only first you knew how to find it.
Simple industrial economies can work like this.
Complex, service based economies plus globalization, where we don't have strong institutions to keep the devil off our desk, don't seem to as well.
It's also amazing how much better capitalism worked for people when the owners were worried about their workers becoming socialists......
i am not anti capitalism but i care for workers rights
Well, the vast majority of young people identify as socialist now. But the difference is if you go out of your way to hate the people that are allowing you to make money in the first place, then they won't have much of a reason to care. Also, this is a cartoon that just gives you and introductory understanding to economics.
There are obviously other factors, but this isn't exactly an economics professor lecturing a class about capitalism.
The only thing stopping economies working like this is regulation, and (semi) sound money. It's literally happening right now in places like Dubai, which was poorer than it's neighbors less than 30 years ago. It's happened in Singapore, South Korea, early 2000's China, and parts of Africa like Botswana.
The only thing that's amazing is how Communism can fail, and fall into hell in country wide experiments over 60 times in the last 100 years and people still cling to it. While the same simple formula for capitalism (low regulation/low gov ownership/low taxes/secure property rights/sound money) STILL WORKS in nearly every instance, and socialists can't fathom how it happened.
I'm amazed how captured our education system has become.
@@sirellyn The "Low Regulation" part is tough. "Caveat Emptor" can be a real problem in low regulation environments.
For instance, in the early 20th century, women used to paint Radium on watches and other objects; often licking their paint brushes for moisture. Even after the danger was known and people were dying in poverty the company tried to avoid all culpability.
Less regulation absolutely encourage more economic development; but the side effects on people and the environment can sometimes be catastrophic. :( Adam Smith even said that Capitalism needed a moral compass to work in society.
In the context of the current-day USA, it is funny to see, how this cartoon talks about the benefits of taxation, and the public services the government can provide for this money😏
I mean... For me, as a German, this is basically common sense, but for many contemporary US-Americans - not so much, as far, as I know...((
*I am not trying to insult US-Americans, or their national identity; just an interesting observation😇
We do not like taxes for a reason-the politicians are not honest anymore with what they actually will use them on. The alternative is to replace public services with private competition, which works remarkably well.
In actuality instead of prices continually being lowered because the manufacture of soap becoming cheaper and both companies lowering prices to get customers, Fudso decides to raise prices to match Supremo and then blame their price gouging on supply chain issues...
More likely Supremo just acquires Fudsy while they are still a small startup, before they grow enough to be a threat.
The guy flying around reminded me of today's wingsuit flyers. They can fly to any location they want.......as long as it is at the bottom of a mountain.
That isn't how monopolies works.
Then how do they work ?
It really does
Who's here for online school since the virus?
me,university
Studying neoclassical econmics, wanted to see how it was protrayed.
I am. But I'm here because I actually want to know. I'm a nerd lol
This is somewhat accurate regarding a growth economy such as we had in 1948. No doubt some people thought it would last forever.
Agreed, now those companies that got so large just buy the small competition or bully them into bankruptcy. An just buy out politicians.
They deregulated everything so much that now we entered another gilded age for the ultra wealthy but leave everyone else in the dust.
Minimum wage hasn't gone up at all since Obama.
An that was after 30 years of stagnation.
Cost of everything else has gone up all the while.
until the government decided to start interveneing
@@mr.ocelotguy8995 Do you mean things like Trump sending out billions in free covid checks to everyone? Or the intervention when Bush spent billions on war? Or the intervention when Reagan changed rich people taxes from 70% to 38%? What intervening do you mean?
@@jpineapple9495 Yes I do indeed mean those things as well. The GOP is very much as guilty of socialist intervention as the DNC as both parties today are practically the same
The music in this feels straight out of a Walter Lantz cartoon at the time. I wonder if Darrell Calker created the score for this one.
Is it just me, or is this less pro Laissez-faire capitalism than some of our main stream politicians? Government intervention, profits being reinvested in growth instead of endless buybacks, the market not being infallible (99 times out of 100), taxes being used for the community being a good thing and most importantly a better way of life for the children of tomorrow.
As Milton Friedman said, you need to work long and hard to make the politically impossible practical, but a few crisis on the way, effective re-education institutions (think tanks) an accepted best business practice in economic sociopathic profit making schemes (chicago school etc), and you can turn a dream into a nightmare for most.
greed & enthusiastic selfishness > sense of community, fairness or empathy
I have consumed so much political and economic commentary from America without ever really understanding what built their ideology. Finally, I get it. This cartoon is stewing in the inner child of every Cato institute mouthpiece
3:44 - 3:50 it's the opposite now. Everything cost more for less or the same.
Small bottles of soda were $1.25 at one point. Now they're hitting $3. Nothing changed either, it's the same amount as before
The government printed more money.
@@IncredibleMD im starting to understand that now. well i mean, ive heard and seen it but i think it took the conditions things are in now for people with a small brain like me to finally see the effects :\
@@MannyKunV Eh, realizing it at all has still put you leaps and bounds above the average person.
@@IncredibleMD ehhh i feel lame doe. like i saw and knew it was happening but didnt think much of it till it got to where it is now.
kind of like, when u dont go to the dentist for a routine. u know and see the happenings but when u finally work up the nerve to go. ur teeth are in worst condition than u thought despite brushing every day xD
@@MannyKunV I totally get what you mean, but it's easy to discount it when it happens super slowly. When this cartoon was made, 76 years ago, that bottle of soda would probably cost you ten cents, but here you are waxing nostalgic about a price twelve and a half times that. But that inflation happened over the course of 76 years.
When I was in my freshman year of high school, a bottle of soda cost about a dollar. When I left high school, that'd same bottle would probably run me about... about a dollar. Even though four years had passed.
Fast forward a decade latter, and someone who is a high school senior now is probably paying twice as much for a bottle of soda than they were as a freshman.
It's easy to ignore a routine cleaning when everything seems fine, but some people are coughing out teeth and still saying they don't need to go to the dentist.
Cooperation > competition. See Alfie Kohn's "No Contest". (Also, "capitalism" is an alias for "competition".)
I came here to confirm this was the source after being surprised to see 1:14 in an ad for this "cleancult" soap thing.
5:40 doesn't happen as easily anymore!
where is my cut
Do they have these cartoons on dvds?
2:21 - I love how he shuts the door while stuck to it.
Fudso's employees all got paid so incredibly poorly, and/or tricked into uber-high-interest loans, and/or convinced to go on untenable finance on some item they didn't need, that a large portion had to go into deep debt, or poverty; Especially after that damning confusion where the insurance company gave HIM money for some reason. None of them had the opportunity, the money, nor the resources to start their own companies. The dream where price fixing didn't go amazingly well was quickly popped, as the price fixers realised it was incredibly easy to fix prices, and temporarily lower them just to push out any would-be competitors; while also paying off any governments who tried to intervene. The promise of increasing wages of course never materialised, as over the next decades the factor difference between employees and CEOs constantly broke its own records. The destruction of natural resources, and displacement of local businesses, ended with large amounts of corruption, both in corporations and the governments themselves, wherein the 'profit motive' only resulted in the biggest market of all 'lobbying'. It was at this point that poverty, unhappiness, and deaths from capitalism were plain, and increasing! But necessarily covered up, forrr profit! Goooo profit motive!
But at least we have cheap soap
_Adjustes for inflation_
Dang it!
Nothing but facts were spoken here
@@MBasu-km8by The burden of proof is on you mate. Proof him wrong.
@@MBasu-km8by My parents lived in a time period where speaking ill on the president could get you arrested and tortured by intelligence agents if not outright killed. We've had people actually die from preventable famines because of a negligent government. Our country has identified as a capitalist state since independence if you're wondering🙃
@@MBasu-km8by Kenya. Why would you ask?
"Taxes paid out of profits". Boy, how times have changed. Now, taxes are paid by the working class while profits are funneled overseas. It only took capitalism a few decades to fail. And fail miserably it did.
Bruh we are still here nothing has failed.
Lol, then what is an alternative? Socialism? No. The reason why the purchasing power of american workers decreased was because of the hard labor competition
short history of latin american: start 6:37 inmediately. jump to 7:02 and replace. the "depositis" for "debts for minimun rights that the companies dont give".
Yeah but it took him years and years of non-stop work before he even had the chance to go fishing again. This is pretty weak propaganda
Any man a better life for himself no long run he became a successful business man and gave millions people jobs
Not way it shows the true beauty of capitalism he chose not to go fishing again
What a mad lad.
"High wages" lmao
...at a soap-making plant??
You can really "clean up" as a soap factory laborer!
All this seems hilarious in the world of lessening paychecks, a whole generation of adults unable to have a retirement fund, being able to buy a house and start a family.
As well as pay being so bad one needs to work overtime and/or multiple jobs just to pay rent. To where vacations seem like a fun fantasy.
What is this "Time off" of which you speak?
Some socialistic stuff you wouldnt want in your life...trust me.
"Increased taxes helps fund, street, parks, play grounds and water works..." Oh you poor simple fool.....
>this is what Libertarians actually believe
topkek
2:13 mi parte favorita
Lovely picture.
Sad to see how people get less and less sceptical of government. Loved the cop that stole the Apple himself
I wish capitalism really worked like this
It does. Don't mistaken Capitalism with Corporitism
@@TacticalMetalhead Not to sound too nerdy, but I believe the word you finding is corporatocracy. To explain the 3, capitalism is the private/individual control of the economy, corporatism is when the economy is controlled by corporations directly controlled by the state (see nazi germany, italy, PR china), and corporatocracy is when the corporations control or work with the government (see modern day USA)
@@TacticalMetalhead But how does you stop capitalism turning into corporatism? You can try to tame it with a lot of regulation, but that's hard when the entities you are trying to regulate are obliged to fight against regulation to maximise their own profit. Politicians need donations to get elected.
Soap... so it´s the beginning of P&G! I love that company and ofc their stock!
Wow!
So beatiful in the cartoon...
😔
lol
A film about the profit motive that starts out by glorifying child labor
classic
I was thinking the same thing. The least they couldve done was show him as a teenager
high wages?! LOL!! Wow this IS old!
You can thank China and an open border for the wages here.. Keep voting blue
“The result is not what they expect” that’s because they didn’t lend money to the goverment and created their own monopoly which forced the smaller buisness to be bought by the monopoly to destroy the competition.
Why didn't Fudsy just find a job that involves fishing?
Well... until the profit was the only thing that mattered to the companies and businesses and they didn't care about making better products or services or being more efficient in what they do.
american dream that does not exist
Freddy is such a fool. When he was young, he could have spent all his time enjoying life, fishing and swimming. The government would have subsidized him by heavily taxing the wealthy capitalists. Instead, Freddy worked hard his whole life and his actions raised the living conditions of all those around him.
Этот мультик стоит перевести на русский и крутить по ТВ в России. Хоть чуточку исправит мозги нашему народу.
If only the capitalism today is as optimistic as this short film because right now it's mostly crony capitalism i.e parler and the GameStop stocks incident but on the brighter side at least the internet levels the playing field for entrepreneurs unless it goes against big tech's interest *cough* *cough* Parler *cough *cough* Brave Browser.
Parler failed because they were a Twitter clone meant for a very specific political audience. There's no incentive for anybody else to use Parler because it doesn't offer anything new or unique to them. It also sucked for any non-American and non-politically motivated user because all you could see on the platform is American conservative politics.
"crony" capitalism? i'd just call it capitalism
This was meant to win people over?
It kinda worked
Ya.. most ppl weren't commie POS, because they likely escaped it if they were here around WW2.. moral of the story, go be a commie somewhere else
Create situations and needs, so that it is needed.
I like this!
[Stand Master] False Portrayal of Capitalism
[Stand Name] Unrealistic Combination of Benevolence and Wealth
Even with the rose colored glasses, the film did mention some of the evils. The biggest monopoly is the government, let's see some competition there.
Other Governments
A government can't have competition - by definition, it has a monopoly on the use of force. The only way governments can compete is by by migration - if you don't like your government, you may be able to emigrate elsewhere. But not easily.
6:21
Remember this was made during the beginning of what Neil Howe calls the High (1946-1963), when institutions were strong and individualism was weak.
well this aged poorly
Not really.
“high wages”
“hard work gives success”
although the hardest worker gets paid less and the capitalists live in luxury
@King Pistachion ok gen z bad majority
also i am gen z too but not dumb
Wealthy people usually work a lot unless they have inherited their money, You can look at the data on hours worked and income
I mean, it depends on what you do and what skills you have though. A plumber, mechanic, or electrician or put in the time, money, and effort into going through and passing trade school is objectively going to make a lot more money then a fast food worker.
@@kylehankins5988 Wealthy people inherited their money, almost without exception. Nobody is getting rich through hard work. And you can't go by the hours people like Elon Musk report as having "worked." Every delusional billionaire describes themselves as a self-made, motivated hard worker who puts in 80 hr work weeks. In reality, their success has nothing to do with their work ethic and everything to do with the position they were born into a rigged system.
@@kylehankins5988
that's a weird way of phrasing it.
wealthy people usually work a lot less than poor people, specially if they have inherited money.
you can look at the data in actual hours worked and income.
3:55 factorio in a nutshell
1:48 this kinda looks like a TF2 map.
Alert! The enemy has taken the intelligence
I like how they casually introduce the idea of taxes, and then the cop, the product of taxes, just steals even more.
Another corporate fairy tale
John Sutherland is the same guy who voiced bambi
John Sutherland studios did a lot of these
Only thing wrong with this is that bosses don't do any work. U ever seen your manager bust a sweat shifting boxes? Or cramming to get code submitted? Me neither
I actually HAVE had managers, even GMs work with "us" doing actual work. Granted this might not happen in huge companies, But it CERTAINLY DOES happen.
@@jamesslick4790 uh huh and despite the fact you're doing the same work your boss gets paid more funny that
@@afgor1088 ...Ignoring the fact that when a "boss" has to do some of "our" work (to take up slack, or when short staffed), they also STILL have to do the managerial work on top of it, And being that they are salaried and not paid by the hour, They end up working long after I'm home.
@@jamesslick4790 no person works 100 times harder than annother or even 10 times harder it's not physically possible. You're not arguing with me you're arguing with math
@@afgor1088 Where the fuck did I even SAY anyone did work 10 or 100 times harder.? And where the fuck did I mention or do any "math" that I am supposedly "arguing with"? Are you high or do you suffer hallucinations organically?
Here I am thinking: Wow! What a good, simple, easy to understand, explanation of Capitalism.
Comment section: *WhY cOuLdNt ThEy JuSt LeT hIm Go FiSh NoW hIs LiFe Is WaStEd*
the smart kid at the end of the film.. was about to die within seconds for more reasons than one from the propulsion of his experimental flying suit.
Lmao the factory worker has a savings account and PTO