Is Capitalism Actually Efficient?
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- čas přidán 15. 07. 2021
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How many times have you heard the claim that capitalism is the most efficient system for the production and allocation of goods and services? It's a very common talking point in the "western world," especially in the United States. In this week's video, we'll deconstruct that myth and discuss what capitalist "efficiency" actually means.
Is Capitalism Actually Efficient? - Second Thought
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Capitalism and markets:
www.rdwolff.com/capitalism_is...
Capitalist perspective on dangers of short-term thinking:
www.nytimes.com/2019/12/21/op...
Marx on class structure under capitalism:
uregina.ca/~gingrich/s28f99.htm
Imperialism:
www.marxists.org/archive/leni...
Amazon destroying products:
www.itv.com/news/2021-06-21/a...
Dunkin Donuts worker fired:
www.dailydot.com/irl/dunkin-e...
Dairy farmers dumping milk:
www.cnn.com/2020/06/08/perspe...
Potato farmers abandoning crops:
www.businessinsider.com/potat...
Grocery store waste:
www.nrdc.org/sites/default/fi...
Texas electrical grid problems:
www.nytimes.com/2021/02/21/us...
www.utilitydive.com/news/the-...
Champlain Towers collapse:
www.nytimes.com/2021/06/26/us...
www.nytimes.com/2021/07/06/us...
• Florida Building Colla...
www.cnn.com/2021/07/08/us/mia...
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Capitalism: You have two cows. You shoot one, and sell the other one for triple the price.
Yes.
@@kubakornijenko1927 You should actually watch the video. And have you never heard the "You have two cows"-jokes before?
@@kubakornijenko1927 ok, is this better? You’re a huge meat corporation. You have 1 million cows. You shoot half a million cows, and pour bleach all over the pile of dead cows. Then you sell the remaining 500,000 cows for triple the price. What’s being described in the video, and this hypothetical, is a literal daily occurrence under a capitalist organization of the economy. There are countless videos of perfectly good food being dumped and destroyed, and that’s only the food itself. Other industries do the same, and the combined resources and labor used in all the supply chains that ends up going entirely to waste is an unspeakable and unfathomable evil. Except that it’s happening right now, and you can see it with your own eyes. Capitalism as we have it guarantees enormously wasteful expenditure of human and natural resources in the name of profit, and forgoes the basic needs of millions, even billions of people in pursuit of that goal. Jeff Bezos would rather see food, clothing, healthcare supplies like masks in a pandemic, and perfectly good products be destroyed instead of feed every human on this planet and eradicate poverty
@@tim3440 It's a humorous simplification, but that is basically how it works when you "manufacture" shortage to inflate the price. Watch the video.
@@tim3440 You just saw the video specifically adress food and electronics being destroyed to keep up prices, and yet you ignore it? Why?
Capitalism is so efficient it only took 1 missed paycheck to become homeless.
That just sounds like bad choices.
@@connorallgood0922 Maybe, but should a person become homeless for the simple reason of not being good at managing their own finances?
@@nonshitposter9494 Depends on the situation. If a person just never saves any money, they spend it all, and something happens, thats on them, again depending on the severity. Another example would be with school, many people don't try at school, thus resulting in lower income jobs, which isn't the case all of the time. But for most of the cases, its their fault if they make poor decisions, now I don't think they deserve to be homeless, but it was entirely preventable so I don't think it should be anyone else's job to bring them back up, they should work to get back on their feet, along with the help of anyone generous enough to help them, such as family, friends, charities, etc.
@@connorallgood0922 pretty sure the point is that the majority of Americans are one missed paycheck away from being homeless. The fact that workers can be fired on a dime, or otherwise laid off or downsized, whatever, is actually deadly serious for most people.
Saving money isn't something most Americans can afford to do, even working two or three jobs. Between rent, food, and other basic necessities, especially with children, there just isn't enough money at the end of the month.
Every company, including your own is designed to screw you. Your employers pay as little as possible, while everything you need costs as much as possible.
Choice has very little to do with anything when the system itself is designed to squeeze the impoverished people for more and more money. You may as well be trying to make a career out of gambling at casinos, purely from 100% luck based games, tilted in the house's favor.
And as covered in other videos on this channel, the poor are drastically more disadvantaged than the rich growing up. To the point there's a website somewhere to put in your zipcode and it will predict your financial future nearly perfectly.
@@voshadxgathic What's the name/link to the website?
Remember kids:
*Bezos goes to space for fun while his workers cant afford to go to the bathroom*
I mean, owning the company has its perks.
@@softdrink-0 For the 1% yeah.
@@rusty3073 he worked for it
@@AngelGraz Like working hard would turn you into a millionaire.
@@rusty3073 working, investing, and doing that he created millions of jobs.
i was raised where throwing away comodities - particularily food, is not ok. not just economically, but plain morally wrong. watching good produce being destroyed offends me
Capitalism is like a super car, takes tons of resources to operate, prone to breaking down, and will ultimately cost you a fortune to maintain.
Same
When I first worked at a fast food restaurant I saw trays of chicken get thrown out to the garbage. My coworker did not want to give it to homeless people (other than it'll get him fired) is because he believes that it is their fault they're homeless
YES!
Same. But not just food
Capitalist Efficiency: A world where we produce 150% of the food we need to feed everyone on the planet every day, yet 3 million children die of hunger every year.
Hi Paul! Love your videos!
@UCQL9eC96Y5DSOu95vgSRCvg that's not true at all. If you look at the history of socialism in Africa for example, where the most deaths from starvation occur, socialist Burkina Faso increased food production three-fold in a matter of just 4 years. Almost all starvation deaths occur as a result of US imperialism, like the US sanctioning Iraq so severely that ~500,000 children died from starvation. You don't seem to have a very good grasp of history.
@UCQL9eC96Y5DSOu95vgSRCvg Lmao yeah, the 10 places suffering the worst from hunger/malnutrition (Chad, Timor-Leste, Madagascar, Haiti, Mozambique, Liberia, Sierra Leone, Lesotho, Afghanistan, Nigeria) are well-known bastions of socialism
@@podtherod9304 Cheers Pod! Glad you enjoy them
all the while, people who grow the food are themselves poor, indebted, and require large government subsidies to continue working in the fields.
Capitalist Efficiency: Where the police guard piles of discarded food because the supermarkets can't make money from it.
Also, the ridiculous amounts of overstock tech in warehouses not getting used because they're "obsolete" or clothing because it's not in style anymore...all of which is then eventually destroyed
Part of the blame is on goverment for this , goverment taxes all donations and i know numerous cases where bakaries , or shops were closed down becouse goverment came back and asked money tax for all donated food to shelters and homeless.
@@VarenvelDarakus Pretty sure donations are tax deductible here in the US. There's even as section on it when we file taxes.
@@Voidsworn idk how it works in united states , most donations i herd from there is "people buying food , donating it , and coirporation not only sold food but decucts it from taxes"
I work at a grocery store where we actually donate whatever cosmetically ruined food we can to a food bank. It's a lot better because our management is terrible at ordering the right amount of stuff so we end up losing a lot of food.
yeah, i kind of got fired from a grocery store for bagging rotisserie chickens and giving them to the homeless instead of throwing them away at the end of the day.
i hated that job anyway... but it's just shocking that these "people" would rather feed the rats than feed other needy people.
Chad move
You’re a good person.
Sad as it may be, many stores that give people food that would otherwise be dumped get struck by lawsuits from the people that ate the free food and got sick, blaming the food. To avoid these cases in the future stores think they're better off not risking getting sued for stuff like that.
In short, a few people ruined the free food thing for everyone by attacking the store for free, subpar food and now most stores are too scared to be generous.
They are allowing rats to eat is a huge thing. Atleast rats are allowed to eat.
@@cycy9154 it is possible to donate excess food to food banks though. I remember hearing of this problem in the past but you don’t need to worry about accountability or being sued if you just give this food to food banks and let them handle it.
As someone who used to work in the food industry, I saw so much food being wasted that it started to weigh on my conscious.
If it still weighs on your conscience, and you wish there was a better system, consider a natural law resource based economy. Where the wasteful practice of using money for obtaining basic needs through labor roles is eliminated. By scientific and strategic design, we can ensure all people in their regions, locally and sustainable get their basic needs met. Use of various strategies including digitized network feedback.
This idea of digitized network feedback might seem somewhat scary in the current money-based world because more information 'out there' about our habits and interests isn't really desirable, we want to keep our own information and choose what we do and we don't want our identity or credit information stolen and all that.
But this would be different because money wouldn't be needed. More efficiency would be the goal. Using sensors, and some surveys, we could find out, with much better accuracy than today, what people in a given area really need and want. Then production would adapt to it.
So, for example, say you aren't a 'big' donut eater, but you could say you might like access to a fresh dozen of donuts every second month. Well, with enough feedback from everybody in the system, it would be a lot easier for those needs to be met. Of course, not 100% perfect and on time, that means there would still be donuts made that aren't specifically 'called for' - but again, without the need for labor-for-income and profit, those donuts can be easily given away. Not wasting food or resources becomes a lot easier in that system.
@@coolioso808 did you watch zeitgeist?😄
@@florentin4061 I have seen the zeitgeist film trilogy. Moving Forward is one of the best. A good read is The New Human Rights Movement for any critical thinkers out there, as well as the related film called Interreflections.
After every dinner service in the one restaurant I cooked in the amount of food on the floor of the line was obscene. Ground, mashed, destroyed. And that was nothing compared to the food we prepared that came back from the dining room and promptly was swept off the plates by our dishwashers into the trash. And on and on.....
The E in capitalism stands for efficiency and the H stands for happiness.
Exactly.
The "m" stands for...
*MONEYYYYYY*
But there's no e or h in capi... Ohhhhh
F is for fair treatment of everyone
@@oneofthelastsurvivingdoges8832 M stands for mental wellness
When I was 20, I was personally fired from a Dunkin Donuts for taking the flour sack full of throw-away donuts, at the end of my shift, down to the folks under the bridge so they could have something to eat that night. Apparently feeding the poor is bad for business. But that actually led me to start methodically collecting the unwanted packaged fast food from the various joints around town as soon as they were taken out to the dumpster, still warm, to all the nice folks under the bridge on a regular basis, and some other folks joined me after awhile. We were often chased by the cops for our trouble, and scattered thru dark neighborhoods to shake them off before meeting up under the bridge
You my friend are a hero
I absolutely admire you! Thank you for your actions.
@@thomasmaughan4798 no, it's capitalism, America is Capitalist and Socialism is not the government or when the government does stuff
@@thomasmaughan4798 @Thomas Maughan sorry, socialism is the stage intermediate between capitalism and communism, in which the means of production are collectively owned but a completely classless society has not yet been achieved.
It's not "the people owning stuff", but when things are flipped in the state where the working class own the means to produce goods and services ie a factory and the ruling class/capitalist does not.
And communism is a classless, moneyless, stateless society.
Which some countries are trying to get to.
Also, America is not any bit socialist, and America taxing companies, and having regulation, yes, the lack of taxes look at Bill gates, Bezos, Musk, and silicon Valley, and the regulation as their government is doing nothing for pollution, climate change, workers rights.
Also, you can have the state own companies in capitalism, it doesn't make them less capitalism, Nordic countries for example are not socialist.
They also can be sued if their food makes someone sick
No reward and a bit of risk
I already feel awful when I have to throw away a single piece of moldy fruit. This scale of waste is horrific & heartbreaking.
I can't stand it when I do it as well. I try to avoid it, but must confess I'm guilty of throwing away food that went bad myself. All due to the fact I didn't get around to consuming it yet. I feel very uneasy about it, as I don't like wasting anything if I can help it.
@@tim3440 how is giving food, packaged food, still edible a liability? Its basically trash once it leaves the building. You can't be this idiotic.
@@tim3440 try suing McDonald's for a moldy 3 day old burger you ate and was found put out in the garbage and see how the case goes. You'll be thrown out of court.
Then sign a waiver, collect the food and take the responsibility to be sued by gold diggers
Throwing away food as opposed to donating it is not motivated by avoidance of lawsuits 4 contaminated food. Rather, it is a convenient and trite excuse for artificially manipulating the supply and demand ratios favorably for corporations producing and selling their products
In the 1930's, during the great depression, my Grandfather was manager of his town's coal gas plant, owned by the town government. He received an order for coal tar, which he delivered. He later found out, to his horror, what it was used for. Unsold potatoes from the grocery stores had been thrown into the town dump. Because hungry people were going through the dump collecting them to feed their families, the town poured coal tar on them to render them inedible. Ain't capitalism wonderful?
What has that got to do with capitalism? That sounds more like bolshevism.
@@smurfsrule9680 nope. Definitely capitalism. Gotta keep those market prices up!
@@smurfsrule9680 It's more profitable to destroy than "give away for free" to potential customers that are starving.
@@heronimousbrapson863 No, you live in what you call a capitalist society and you dont starve and product is available. If you lived in USSR or Cuba you might learn the difference. I dont call our sysyem capitalist. It is hampered by the meddling in it caused by Socialist inspired policies. Socialism is poison to any and all systems. You work for fiat money. Everybody else is motivated by the same thing. The key thing is to have an open market not interferred in by givt. Govt always poisons everything.
@@OneEyeShadow You need to learn what communism and bolshevism do. They are planning your starvation as we speak.
As an Irishman, seeing all of those potatoes go to waste made my heart cry a little bit.
As a Swede, I hear you, mate. We too had a "great famine" (in the 1700's) and potatoes saved the day.
@@seybertooth9282 unfortunately for us the potato was the problem.
From memory, part of the problem with the Potato Famine was that cheap imports that would otherwise be available were blocked by protectionist policies. Once the central government realised how bad things were those policies were repealed, but it was too late for a lot of people.
Better than not having any imo.
Which is what reliably happens under socialism.
@@MrCmon113 if you're going to go out of your way to comment on a video about views that you clearly know nothing about, at least try to disguise your bait as a something else. You're clearly just some teenager who probably hasn't even taken a basic civics class
Seeing those food wastage is very disturbing. Wish more ppl knew about this.
Show this video or his sources to said people
@@user-nf9xc7ww7m of course
A lot of people know. They have heard about it at least once. The peoblem is not that people don't know. The problem is that people don't care. Caring about this doesn't come as natural to some people like it does to others. The ones who don't care are way too priviliged. They are eithe benefiting from capitalism enough to look over such glaring shortcomings and excuse it as an anomaly, necessary evil or just the way it is. Other have been fed the false narrative of capitalism being the best system there is and haven't been disillusioned from this idea yet. And again there are the people who see the problem but just don't know it's roots. We need socialism. But socialism can't inherently cone into existence by itself and must be created and maintained. Therefore we need to teach society to understand socialism and for that we need a revolutionary party. Not just in the USA but worldwide.
@@goldfishy Well, most of the government are in it to either benefit themselves or there rich buddies
In Austria there are second hand food markets for the poor and also in Germany. Don‘t know much about the other european states.
"The US produces enough to feed the entire world" not even "could" but actually does. We don't because it's not profitable? This is why I am screaming inside, every day of my life.
@@alex29443 Even if US did produce enough food to feed the entire world there are too many variables to do so any ways. Everything from getting food to locations unspoiled to finding someone on site willing to take care of and organize the produce as well as make sure it reaches all the places it needs to reach. Many countries, especially in places like Africa, simply don't have the infrastructure to make something like that happen.
@@alex29443 True, I'm more thinking of the excess produce that is being grown in-country and thrown away, if we were talking more along the lines of the produce being in the country they're needed already from the start, then that certainly changes things.
@@funveeable Nope. Watch the video "Does Capitalism Really Drive Innovation?" on this very same channel for a thorough debunk of your exact argument.
@@alex29443 if they devoted more resources, man power and technology then yes they can.
@@alex29443 provide for the world
Capitalist: "We are the most effiecent system!"
Me and my bros who finished our work at 5 but hid in the corner of the building till 8 so we get a full shift: "Uh yeah totally bro."
This is more likely to happen under socialism.
@@BarrySlisk Someday the pro-capitalists will grow wiser and stop throwing the flaws of capitalism onto socialism, but not today.
@@reviewfactory726
There are losers like Evensong under all systems. But under Capitalism the owner has an incentive to not let his employees do nothing all day.
And employees have an incentive to work in order not to get fired and maybe even advance and get more money.
Not all heroes wear capes.
@@BarrySlisk When the workers own the fruits of their labor, they have all the motivation to work harder, because they will directly see the benefits instead of hoping one day, maybe, after months of hard work, the boss will give them a ten cent raise.
"Capitalism is efficient"
- Nestle
"Water isn't a human right"
-Nestlé's CEO
@@macomputersuck It isnt, and thats not the mean of human right
@@andraddya8447 it should be. It is needed to be alive.
@@haroldinho9930 No, its not, human right are things like free speech
@@omarsener8491 I second that motion.
if anyone wants the answer but doesn’t want to watch the video:
NO
not gonna lie we all kind of knew it was comic based on this channel
@@aaronjohnston2751 well capitalism sucks especially bad
@@aaronjohnston2751 Capitalism doesn’t suck the least. I’d put Feudalism and Capitalism as the ones that suck the most. Then Marxist communism. Democratic socialism or perhaps even social democracy would be the ones that suck the least.
@@styx8975 yes, but the worse part is that Marxism and socialism have terrible images due to this shitty country, everyone thinks that they can’t work because of some small country is in turmoil and happens to be socialist/communist
@@aaronjohnston2751 a few examples of what? why capitalism sucks? is that a joke?
When money is more important than humanity then this happens .
Greed Over People
The donuts example is very relatable. I walked into Krispy Kreme one time during midnight to get a couple donuts and saw their employees dumping trays of donuts into the trash. Even though I already know about this, but seeing it happening in front of you, the visual impact is on another level.
My brother worked at Krispy Kreme. He actually used to take boxes of donuts home for my family. I think they turned a blind eye because he did that many many times and never got fired. ...After a while we were pretty sick of donuts.
Unregulated Capitalism is mainly responsible for destroying the natural environment. Unfortunately mother earth is fighting back now!
The donuts are drugs to make you sugar-addicted
Yes
If they gave them away for free, you wouldn’t pay for them, would you? And that's the reason they destroy the leftover. Because, otherwise people will just wait for the end till shop close and grab them for free instead of paying for them.
Dude, could you imagine manufacturing or preparing all that product for consumption only to find out it was destroyed or thrown in the trash when it's still perfectly fine? All that hard work for literally nothing. Amazon's prices are already insane as it is. The fact that they're destroying expensive shit to keep prices up is sickening. Kudos to those who donated any product to charity.
@@tim3440 In some cases you're right and in some cases that's BS. I do agree there should be liability protections to encourage the donation of goods that might otherwise be wasted. However I used to work at Einstein's bagels and the end of the day waste was disgusting. You're telling me that they can sell a bagel to a customer without liability but then five minutes after close there's suddenly a ton of unacceptable liability? Likewise in the case of Amazon, the products marked for destruction aren't defective and there no liability, they're market for construction because it's more expensive to hold onto them than toss them out when they're cutting into profit margins.
@@tim3440 nah because if I buy something and it gets me sick I’m positive I can sue……
@@tim3440 if that was the real reason then why are they throwing away laptops and books that are in perfect condition? Or throwing away food weeks from its expiration date? Your trying yoir best to justify this waist but you jumping through 1000 Hoops to do it
Look at few studies on how constant food aid in african counties affects their local food production. Spoiler alert, no one wants to do it localy, cause it doesnt give profit.
And if you put the burden on producing food on state, each crisis of power would result in what happened in post WW2 China and pre WW2 Russia.
Hell, USSR, place where I was porn, fell appart exactly due to government constant mismanagment of ameneties and food sectors. It is also why China became partually capitalistic. State cant manage all that effectively on its own. Its too slow to act and its workers on the buttom level have no interest in doing their job properly.
That's probably the reason I can't find tokyo ghoul vol 3
The worst recent example of this at the Joannes where I work: Two entire cartfulls of brand new blankets shoved in the trash compactor. I told my manager, "If I wouldn't get in trouble I would put all these in my car and drop them off at a mutual aid center." She responded, "If I wouldn't get in trouble I would let you."
Wow. That really is sad. At least your manager isnt a psycho.
This should be crimal. it should be ciminal to built low quality products that have a very short lifecycle with planned obsolescence and take lots of energy and costs to recycle or just to dispose of (all costs that are not included in the price). Destroying perfectly fine stock to create artificial scarcity is just plain bad for everyone except the direct beneficiaries of the business' optimized profit margin which usally arent workers but upper management and shareholders.
America needs a real progressive and capitalsim-critical party, individuals power to change policy with peaceful protest isnt enough and takes too much time to gain introspective and reach a scale that needed for every singular topic- its not effective.
Do it anyway. Convince your coworkers to do it anyway. We don't have time to wait around for anyone else to save us. we need to start individually acting. Be brave, and stand up.
That is so depressing
My father used to have a saying "an ounce of preservation is worth a pound of the cure." Never really gave it much thought, but as I get older it is making more and more sense to me. The increasable wastefulness of these "captains" of industry is appalling. But, hey, stock market is up 1/2 a point
Would be a shame if somebody leaked all the locations of those Amazon landfills 👀
@@tim3440 yeah, that laptop made me had a really bad diarrhoea yesterday
@@oldcowbb 😂😂😂
@Tim stop spamming that it’s annoying
@@sirduckuspondicus Tim is a bot. Probably on the payroll of any of the alphabet organizations 😑
I worked at a grocery store where someone who worked for our local homeless shelter came and asked for donations and the manager wouldn't let it happen. I argued with him for days over it and he finally contacted the owner who then eventually came to our store (after talking with a lawer) with a contract for the shelter manager to sign that basically said the store isn't responsible for any illness that could potentially come from the donated food. It become my job every morning to go through my section of the store and pull product close to expiration and put it all in a cart to be picked up by the shelter. That was easily the best part of that job. I always made sure to put tons of extras that weren't close to expiration but knew the shelter could use. I eventually got other department leaders to get an associate to do the same and I would guess we donated somewhere around 5000 dollars of food a week to the shelter.
It's almost as if ways around the illness problem exist, and the businesses are motivated by squeezing as much money out of people as possible.
You go man! Out here doing the work that needs to be done! Solidarity!
Salute
Hero
BRAVO! 👍👏👏👏
What a depressing job, to destroy perfectly good items instead of being able to give them to someone who needs them. My father was a Depression Era farm boy turned truck driver and in the 60's one of his gigs was to haul loads of potatoes from the Midwest to the Gulf Coast where they were loaded onto barges and dumped into the Gulf of Mexico. Imagine him having to do that.
I figured this had only been going on for a couple decades. They were throwing away truckloads of food in the 60's? *sigh*
@@thekingoffailure9967 Ever read The Grapes of Wrath?
They could even pay their workers with all that for half a year worth of additional compensation and they'd still have mountains to destroy! Amazon has this issue about people stealing their wares not that they do it often but the possiblity of it occur! They pat you down and check your bags!
But they could a company interiror store that is free if the workers do not take it and maybe they record what it is to their file so they can't get 80 gaming laptops (to then sell them out of their trunk to compete with Amazon). Then if the stock isn't taken up by employees then, donate, then do a tent sale, then destroy it.
@@thekingoffailure9967 The Soviets were destroying tons and tons of food enough to starve millions to death in the 1930s
@@aidansilversmith Where's your source for this information? I find it hard to believe that this would happen in a socialist planned economy.
To think that I once was a bright-eyed libertarian, free-market grifter. I kick myself all the time for once believing in such an evil system.
The free market is actually the most efficent economic system for society.
The problem with it though is that it is run on profit rather than morals.
The solution to this is to make areas that really need to be run on morality public.
Like Healthcare, Education,Food Waste,and Homeless.
@@shalyfemusic Profit is essential to the free market. Without never ending profet the "free" market collapses
Same here. I still feel I have strong libertarian values in a lot of ways especially on social issues, but it’s hard to remember what made me believe that free market capitalism was somehow a great thing.
@@JJNickel1 The freedom
@@donHooligan Yes I agree the free market views the world as products to be sold.
But the result is a better and more efficient world. People will compete with each other to sell the best product and service while improving our standards of living at the same time
I just had a thought. Some people can't imagine profit NOT being the motivation to the creation of goods and services.
However, I have realized that the profit motive may actually attract the most unkind and greedy propel in our society. Say we remove profit, then those people won't be in charge... The people who care would be.
I haven't fully formulated this idea, but I'm close.
*People (not Propel)
Look up "how many CEOs are psychopaths". You'll find your theory holds some water. The rates vary per source but many, capitalistic business media sites and psychological scientific, studies have been pointing out that there is a clear percentage higher than in the average population.
One issue with this idea: Power will always attract the power hungry. The worst people will always be in charge. We can choose, within limits, the means by which they retain power. However once they have power they can use it to bend the system.
Democracy is a terrible system of government, but at least the powerful have to convince the people in order to retain power. They can minimize how much they need to convince the people, but they have to acknowledge the people.
Capitalism is similar, in order to get my money the power hungry individuals need to provide something I want. They can try to use deceptive practices (marketing, addiction, necessity), but they have to acknowledge my wants.
Maybe you will discover a better system. However it is best to assume the power will attract the power hungry and they will do everything they can to abuse your system. Sure some "people that care" might have power, however the power hungry will be drawn to that power and figure out how to take it for themselves.
@@Ent229 your comment is the most insightful out of the entire comment section and it's buried as a reply under someone else. Perhaps you should repost it to the main video?
The democratized tamper-resistant properties that you're describing were a goal of cryptocurrency. But we've still seen the rich and powerful takeover by buying lots of computers and using their Twitter followers. It's possible a cryptographic voting system could still work if someone could figure out how to ensure that every person on earth could only ever have one account based on their DNA.
@@josiah42 Sure I added it as a top comment. For some reason Ari Hanson appears more reasonable and open to consideration than Second Thought is.
I am a programmer and I am well versed in the pros and cons of my medium. Please take that into consideration when I say: NEVER trust electronic voting. Not even cryptographic voting. Not even . Whatever you are thinking, no not even then. Remember voting wants the twin objectives of perfect anonymity and accurate representation. Electronic voting can never achieve the first objective because there is always an arms race between electronic cryptography and hacking (and hacking is usually winning).
Never trust electronic voting.
Capitalism efficiency: Business: It might take 30 employees to make sure we make profits and our employees are well rested. But we can run this place on like 22, because our workers really have no other places to go.
Except to any of their competitors
@@connorallgood0922 And all the competitors do the exact same thing, because it's the most profitable option. And, if anyone pops up that does put in care to make sure their employees are being treated well, their corporate competitors will simply swarm them out with other options, or drive prices lower for a little while.
@@connorallgood0922 did you consider thinking before writing that?
@@gregs9210 I mean, most humans are constantly thinking, even if they aren't thinking of something on purpose, so yes. Now may I ask what you couldn't understand about the sentence I wrote?
@@elijahpadilla5083 So cheaper goods, that sounds like a good thing for the consumer
Could you imagine getting slave wages working at Amazon being forced to destroy all the things you can't have in life?
We already lived in cyberpunk without noticing
@@thomasmaughan4798 not actually, slaves got food and a place to live. That costs more and more every year. Maybe not at amazon, but slave wages do exist
@@thomasmaughan4798 slaves got food and housing for their work, so, depending on where you live and how much you make, you can easily earn less than the minimum needed for that.
Where I live, that's pretty common, I myself got massively indebted just to keep my daughter fed.
So, yes, the term slave wages is appropriate.
@@thomasmaughan4798
Historically in the United States: Many slaves were paid in pennies and forced to buy food that they were forced to produce and forced to pay rent for shacks they were forced to build. Some slaves were allowed small margins above net zero in order to deceive them into thinking they could "buy their freedom" at some later date years down the line, this was a measure to reduce risk of revolt.
A similar strategy appeared in a different slaver-type labor system called "Company Towns" where workers were forced to use what few scraps they received, from the demoniac bosses, in the company stores.
Meanwhile, in Russia: The feudal system collapsed far earlier than the capitalist system in the United States did because the feudal system depends on more blatant forms of slavery than capitalism does. Unfortunately for Russia though they moved into state capitalism rather than more fully-liberating economic systems.
Hopefully you’ve taken into account the level of production and abundance needed to move beyond state capitalism.
Oh yeah here in BC, one of our towns was wiped completely from the map by a massive wildfire. Average temperature was 49.6C
*Canada is supposed to be cold.*
🙏🏾
Take off, to the great white north, take off, it's a beauty way to go, take off hosers, eh?
i live in alberta and june and july were UNBEARABLY hot
*British Columbia*
Another thing about this system is parenting. If parents have to work more hours, they’ll have less time to steward their children. This can cause mental health issues to occur within family structures.
Millions are hungry, yet millions of tonnes of food are dumped. Solving hunger is relatively easy, yet some capitalists won't allow it to happen.
How
@@goldfishy you obviously did not watch the video and then do independent research. If you did you would have found that what your saying is completely inaccurate.
@@goldfishy His claims weren’t wrong. Capitalism calls for infinite growth on a planet with finite resources which isn’t possible, due to this we have the imperialism we see today. The US hasn’t fought a defensive war since WW2, the wars ever since had profit motives in the name of capitalism. The CIA literally admitted to this as they’re the ones who are generally approached to stage coups and run propoganda. This is Capitalism in reality, capitalism at work. Exploitation is a key factor to Capitalism, especially when it’s left to run on its own.
@@styx8975 nah even knowledge is a resource. How do u think google is making money
@@flippodynamics3635 Materialistic resources then.
Other note: something like 145 people died, needlessly, in Texas, from that cold snap. Thanks, Gregg Abbott.
@@boredom2go damn...
@@boredom2go you know more than 9,000,000 people die every year because they can't afford to pay for food? So every seven years 54,000,000 people die because they can't afford to buy food. This doesn't even include those who died because they couldn't afford clean water, or shelter, or healthcare. Thanks capitalism.
@@pugduck1917 I mean America alone has 30milion people starving.
@@boredom2go
Because of Capitalism:
14 million people die per year because it's not profitable to feed them or vaccinate them.
So multiply that by a decade, and you get 140 million dead.
Capitalism kills too.
...In fact, a study estimated 68,000 people die in the USA per year, preventably, due to lack of health insurance.
About 2,000 people starve to death in the US per year.
@@boredom2go www.un.org/en/chronicle/article/losing-25000-hunger-every-day
Stats aren't nonsense, you just don't want to accept them lmao
You forgot "planned obsolescence". Products are actually manufactured to last less than they could or should and parts are not replaceable unless you buy the adjacent parts that are perfectly functional. Obsolescence is planned to happen when the warranty has expired. Let me also mention the externalities. What is more socially efficient in California, mass transit systems (such as high speed rail) or automobiles?
Great point. A product that lasts isn't profitable. A product that requires constant repairs or replacement is profitable.
I work in a gas station and I can never believe the sheer number of sandwiches that we throw away and don't donate to homeless shelters or even sell of super cheap. I think this weekend we threw out around 50. It does my head in and much as I have made suggestions to solve it, nothing happens.
I literally got an Amazon training course ad on this video.
CZcams’s sense of humour is beyond me.
i keep getting the same add from some guy who does "dropshipping training courses", despite yt most likely knowing that i am a socialist
“Efficient” As in efficiently destroying the planet for the shortest bit of capital gain.
This is why capitalist are looking at ways to live beyond earth's atmosphere. They understand they are destroying the planet. They don't want to be here when the global warming is too serious.
@@goldfishy because the companies lobby them and the government isn’t even properly Democratic. That’s a consequence of capitalism, putting profit over people.
@@goldfishy Capitalism encourages lobbying and corruption
@@goldfishy so it's the fault of the government for "allowing" companies to pollute, but not the fault of the companies.....for doing the polluting?
Find a new planet
capitalism’s efficiency: the hasty liquidation of “unproductive” assets
Thanks for this. I always say that efficiency is never a catch-all term. It always refers to one specific thing. Capitalism IS efficient... At making money. That's literally it. And also, efficiency vs resilience is a trade off; go too far overboard with one, and you sacrifice the other.
The amount of perfectly good stuff that gets thrown away fills me with unspeakable rage.
@@thomasmaughan4798 “unspeakable” as in “cannot be properly conveyed through words”, not as in complete silence
@@thomasmaughan4798 ratio perhaps
Got fired from my job as a baker in a coffee shop, because i refused to throw out the perfectly good bagels, and other goods, thats not just junk. donated them to the soup kitchens for 3 months before i got careless one night and was caught on camera bringing it to my car.
@@capngenie8724 hey, at least u know u did the right thing
@@capngenie8724 I’m sorry that happened to you. I don’t know how people can do that, punishing you for giving food to people who need it. I wouldn’t be able to live with myself.
Maybe capitalism should be listed under “destroy”
Do U not need to destroy to create
what was failed to be mentioned, is that for a company to get a tax break they have to by law destroy it, it is not about destroying it to make demand, but the system is made to incentives destruction to show a loss for taxes. Otherwise, companies could just give shit away *wink wink* and sell it out the back door and still get the tax break
I think what is really corrupting USA is the tight connection between Politics and coporal interest groups. People or organization with massive capitals hold is able to almost directly and legally influence political decision making, through either lobbying or public media campaigns (both require massive budget to run), which in their own turn control the politics.
This direct pathway from the riches to the powered is absolutely toxic to USA's governmental decision making. Policies are not made in the interests of the nation and the its people but specifically in the interests of those who have enough capitals.
How should I describe this.... Those who have capitals(the rich), they do not have a nation. In name, they are sure citizens of the United States of America. But with their massive storage of wealth and power, if USA ever dif just messed up and collapsed into hell, these rich can just move to another nation, where they can continue their cycles again.
Only the poor and the middle classes are left to suffer the consequences.
This is quite like how back in the pre-renaissance european governments where the power is directly connected to the religious figures. Entire nations are tied to the interest of these religious figures.
Answer: Separation of Capital and Politics. I don't know how that would work though. Just some thoughts.
Well maybe government can buy out extra leftover products
@@potatonoodlebear8035 a revolution sweeping election of the far left into government.
Thank you for putting the Texas Freeze in perspective for people, my family STILL hasn't recovered from it, and I'm losing my house in a couple months due to issues with our landlords regarding repairs.
let me guess, he wants to sell it rather then repair it right?
This video made me cry before we even got to the horrifying stuff like the building collapse. The destruction of all those perfectly good products and especially food is horrifying. It literally makes me sick. And the PNW heat wave and building collapse both happened during the same week, it happened to be the week I was on vacation. It's terrible to see the accumulation of climate change related disasters in real time. In the Pacific Northwest, hardly anyone has air conditioning, and temperatures in some places reached 120F during the heat wave. My town personally hit 111. I was so worried for my cats that were at home. Obviously we've known about climate change for quite some time now, but building owners refused to put air conditioning into homes because it cost too much. Well now it costs even more so basically their answer is that if demand falls they simply won't build any more homes in this area. Seattle might one day just have to be abandoned because the weather makes it unlivable and the owning class has no incentive to fix this problem.
Capitalism also requires that a small percentage of workforce is unemployed so salaries wouldn't rise. Very efficient to not utilize the whole workforce...
True but a comment on this: some people choose to be unemployed for various reasons, for example they might be taking care of a very ill relative, going on an extended vacation, planning to make a thing full time or whatever. This means that at a certain employment percentage, I think 2,5% or so the entire population is practically employed.
Most people don't realize that this is planned by those in power, the fed, big corps, politicians. Keeping a stated rate of 5 to 10 percent unemployment, which is actually over 20 percent keeps workers desperate to accept any pay and conditions, keeps wages depressed. They are easily disposable and replaceable.
Now with unemployment paying better than minimum wage, business owners are crying that no one wants to work. The reality is nobody wants to work for wage slavery conditions and businesses are mad that they don't have the upper hand for the moment and workers have more power. They're having to offer better wages and benefits to attract workers, having to treat them better to keep them. And they hate being on the other side of this power equation where their anti worker rhetoric is getting blown up. For years they whined that they couldn't afford it, turns out they could all along
@@forkstaf1918 When people say "unemployed" they usually mean people that want to work but can't find a job. People who aren't interested in finding a job at all isn't what NoGeist is referring to because they don't suppress the wages of those who are.
Btw the US even goes a step further and labels anyone who is looking for a job but hasn't worked one within 4 weeks a "discouraged worker" and deletes them from unemployment statistics. And people who aren't immediately available to work don't count at all, regardless of whether or not they want to.
And as well as this, Capitalism disregards natural inclinations and talents. Instead of putting someone who's not squeamish, has impeccable fine motor skills, and wants to do everything to help people in a surgeon's mask and gown, it looks at their bank account. If they have money, great, if not, then it's a job at McDonald's. What about someone with a passion for cooking, who's developed an excellent culinary ability, and can create a filling, balanced, and delicious meal? If they're rich, they could be a chef, if not, they may have to settle for the Amazon warehouse.
Capitalism doesn't care about your skills, it doesn't care about your passions. It only cares about how much you already have. Strict stratification. And, of course, when people are doing jobs that they're not inclined towards, then they start getting lazy. Dust is matter in the wrong place, and people are just the same. Efficiency drops, profits rise, and because Capitalism has made people lazy, they have no motivation for anything, so they don't think about their situation or do anything to fix it... At least, not until things reach unbearable levels of inefficient.
@bobcat baldfat drunkbeater "My personal experiences mean empirical data is false."
This is definitely one of the most damning aspects of capitalism. We as a society can no longer afford to let so much material go to waste, especially when there are so many who needlessly lack said materials. Our current manner of helping (or rather, not helping) the needy is BARBARIC compared to what is easily possible.
Seems more of a society issue then a Capitalism aspect most people choose to neglect issues and not much is down to rectify that problem not a necessary a issue with Capitalism but as a whole more of people not choosing to be more economic among other things.
@@mlgfails2727 I disagree, if it were more profitable to help the poor, people would. In a socialized system the resources would go to who needs them.
@@douchopotamus3755 well hard to make it profitable to help the poor there is ways but best method is to make it so the poor are slowly raised from there levels of poverty into higher levels of wealth of course I believe best state is mid class if on the higher end good financial security and allows you to avoid the demons which plague those of wealthier classes. I think people should really just learn more of financials would save and help so many it’s unbelievable get into farming spend less among other things I do believe a safety net is needed but not in a I guess the traditional sense
@@mlgfails2727 are you 8 years old? That's a pretty naive view.
@@douchopotamus3755 last time I checked my birth certificate I was not and considering my memories I think not as well although if you believe certain individuals u can’t trust ur memories right but no I don’t think I am and would you care to explain how so? Many issues that plague people are often fixable if they have the knowledge and help to do so I don’t see how making so those of lower income receive this wouldn’t be a benefit at all it would increase the economy long term and would make it far more stable as well there are some issues with capitalism I see very blatantly one huge one being industrial farming not the best for animals or people I mean just look at recent studies around EDCs we really nerfed ourselves if people start making their own little gardens the environment can improve drastically as well as provide more food to those who would usually not be able to afford it I don’t think I’m explaining well enough so it might come as naive but I do have a genuine plan behind this as well as general understanding of how it would play out best choice is a slow roll out beginning in rather impoverished neighbourhoods give people something strive for and they take it and run with it make their communities United to do this also requires serious planning best method is go local imbed yourself but again not trying to go in depth simply a surface level explanation I don’t think it’s naive it won’t fix every problem but it can certainly start change in a new way that 50 to 60 years later can become an institution in societies something traditional that everyone loves and enjoys but the execution is key just look at any good hearted attempt to help people and how they often turn out
"Children of Adam! Wear your beautiful apparel at every time and place of prayer and eat and drink. But do not be excessive - verily God does not love the wasteful."
Very few people truly lives by their religious faith. I suspect most people join religions or call themselves as such just to fit in. When you test their knowledge, they don't even know. The only few people I know truly follows their faith are the Amish.
@@walden6272 EXACTLY, it's just a bunch of liars using fairy tales to keep people docile against each other while turning them against "outsiders". I mean when you think about religion was mostly used to keep people under regulation "Oh well God sure wouldn't like it if you say rebelled against a government which exploits you would he? so if you do you're a sinner."
@@sandrapark8705
Are the days of the church lies still here, were you have to believe that God appoints the governments?
@@motazfawzi2504 Well there are a bunch of conservatives who believe that the US is perfectly perfect because God (only the Christian one), and Jesus think that the laws of this country are perfectly in line with their magic book, and if you don't like the US for a perfectly good reason God hates you because this is his favorite country.
Coming from a someone who's family somehow makes enough money to remove my ability to get free school lunch, despite some weeks being unsure if we're going to be able to eat dinner every night, the scenes with the dunkin' donuts almost made me cry. There is NO reason to be destroying products people put their time, effort, and money into making. Its almost sadistic-
i find it absurd that your punished for not being poor enough or trying to improve your situation
heard a guy at work one time saying his food stamps were being taken away cause he earned a raise
“The works of the roots of the vines, of the trees, must be destroyed to keep up the price, and this is the saddest, bitterest thing of all. Carloads of oranges dumped on the ground. The people came for miles to take the fruit, but this could not be. How would they buy oranges at twenty cents a dozen if they could drive out and pick them up? And men with hoses squirt kerosene on the oranges, and they are angry at the crime, angry at the people who have come to take the fruit. A million people hungry, needing the fruit- and kerosene sprayed over the golden mountains. And the smell of rot fills the country. Burn coffee for fuel in the ships. Burn corn to keep warm, it makes a hot fire. Dump potatoes in the rivers and place guards along the banks to keep the hungry people from fishing them out. Slaughter the pigs and bury them, and let the putrescence drip down into the earth.
There is a crime here that goes beyond denunciation. There is a sorrow here that weeping cannot symbolize. There is a failure here that topples all our success. The fertile earth, the straight tree rows, the sturdy trunks, and the ripe fruit. And children dying of pellagra must die because a profit cannot be taken from an orange. And coroners must fill in the certificate- died of malnutrition- because the food must rot, must be forced to rot. The people come with nets to fish for potatoes in the river, and the guards hold them back; they come in rattling cars to get the dumped oranges, but the kerosene is sprayed. And they stand still and watch the potatoes float by, listen to the screaming pigs being killed in a ditch and covered with quick-lime, watch the mountains of oranges slop down to a putrefying ooze; and in the eyes of the people there is the failure; and in the eyes of the hungry there is a growing wrath. In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage.”
-John Steinbeck, The Grapes of Wrath
Man, I wished I had read this in high school. Seems like I missed out.
Next time I go book shopping, like say, at Barnes and Noble, I will be adding this one to the list.
Grapes of Wrath was some real shit; no wonder they dont let kids read it
What a beautiful reflection on the state of the world, as relevant today as it was back then.
Wow. Thanks for posting that most appropriate quote.
Have we learned nothing from history?!
Are you Ozymandias, king of kings?!
Dystopian indeed!
The reason why Amazon got these destroyed is because the company that sells them is not able or willing to pay for the storage of these items in an Amazon warehouse because they are not being sold it starts to cost more and more money to have these items in the warehouses so its cheaper to destroy them.
Its insane that they do not sell them to others or give them away at least off course, but i have to disagree that this is a main issue because of capitalism.
I also believe that lots of food would still be trown away with or without capitalism, because its almost impossible to produce the exact amount of food as its being sold or able to be given away. If someone knows a nice solution for this issue I would love to hear it. There are now many supermarkets that discount shirt date foods and sell breads way cheaper the next day or evening. But there are enough people that still evade these products because of the date on the package. I always feel guilty not buying it.
@@remco6816 the only reason people avoid buying short dated is because they've been conditioned by "best before" dates. There are numerous solutions to distributing foods during periods of overproduction.
The Amazon example is uniquely capitalist, as his Burberry example further highlights. The items are destroyed to 'protect' (ie. control) the brand's pricing, by artificially limiting supply.
@@ultramegax thats what he said but im am doubting that its actually true in that case, same with the cars that are being destroyed. I even explained why the Amazon products were being destroyed, which has way more logic to it.
I would say try to explain why older model cars be destroyed if they could be sold cheaper? which product does he expect to keep up the price by decreasing the storaged product? The newer model cars?
I might be missing something which is definitely possible, and will agree with a good explanation.
The bigest destruction of cars was likely the vw diesel scam, which had more to do with the environment. Im al in for environmental protection likely more than most people but that was still a huge waist of resources.
With the food issue, i did give some solutions but non of them are perfect. Likely and sadly no matter how bad we want it, it never be perfect.
@@remco6816 The solution exist, But no one would do it cause it would cost too much money to do it. Food can be preserved, fresh vegetables, fruits can be made into can food, pickled, meat can stay frozen for at least a few months, milk can be used in pre-cooked bakery and kept frozen for months. And these processed products can be sent to anywhere in the world. But these needs transportation, factories and distribution system, Government is the only one can coordinate all parties to make it happen, and we all know it's impossible for any capitalism government to do it. I just saw an ad on CZcams asking people to donate to kids starving in Yemen, and we have these food waste here. It's so funny that we have to take our extra money out to 'help', when we can probably feed these poor kids with our leftovers.
Plan obsolescence is something they do because a way to make buy more products than keep using the same old product a little longer
It's called "Artificial Scarcity." Capitalism figured this out years ago (see: the DeBeers company and others). It also gets really nasty when they start artificially constraining necessities: Tampa FL has 20% of habitable housing - often in nice neighborhoods or condos - sitting completely empty. Not because they're owned by snowbirds (that's a different complaint) or are air bnbs. They're literally empty, they don't even have furniture and the utilities are all turned off. Some of these have been passed back and fourth between investment firms since their purchase during the 2008 housing crash. They're kept off the market to keep prices up. This during a "housing crisis."
FL is facing another environmental disaster in addition to rising sea levels: it's actually running out of fresh water. (Yes, really.) The FL aquifers have declined by 60% in the last decade, largely attributed to the draining of several important wetlands in favor of sugar plantations that then draw on obscene amounts of water from the aquifers to run. Despite all the hurricanes, FL has also been in an ongoing *drought* for the last 5 years, meaning not only are the aquifers being overdrawn, they aren't even being renewed compared to previous years.
This video is a real eye-opener. I do think we all know the reason these shocking facts aren't common knowledge. I'm genuinely angry having heard this, but thank you for making this video and spreading this information.
@@tim3440 what?
@@tim3440 Okay Tim :)
@@tim3440
So what about electronics?
Watck more on this channel, you'll learn a lot, and in many videos he'll link sources so you can check the data yourself (links do be in the video description)
@@tim3440 Why aren't you replying to people that mention electronics Tim?
I didn't know it was possible to further increase my disgust in capitalism. The Amazon product destruction thing managed to do it. Thanks for making these videos!
As u type on ur smart phone watching CZcams
@@experz2077 you criticize society yet you live in one, curious 🤔
For me, the abject cruelty of trashing tonnes of food when so many are going hungry does it.
@@jimbothegymbro7086 People are not advocating for communism (I hope not) But capitalism Is on its way out the door and we need a new system pronto
@@jimbothegymbro7086 at the very least, what we have is the result of (an attempt at) capitalism. Regardless, what we have is nothing but a failure, and we need something new.
Edit: new/better
Always start the morning right with a second thought
You said it buddy! 😄👍
@@OptimisticNihilist15 lol
I know, right?
@@OptimisticNihilist15 second thought is socialist at least get it right. I know some socialists think all people on the right are facists though. Sorry about that.
Second thought & 🚽
I never knew about the artificial scarcity tactic used by companies. That's insane! These companies and their heads really are pure evil
This vid was soul crushing. Especially after everything that happened during covid. SMh...
The food disposal part really hit hard, it just simply disgusting...
My school began a food pantry for students to donate food/money to provide food for students who can't afford it. I think it's great
However It's sad to know that the big grocery store across the street is dumping good food and so are the restaurants nearby
Worked at Kroger for 4 years, soul destroying how much food was thrown out. Say, one egg had broken, throw away the whole carton.
The food disponsal is something that force upon them not something that they decided. Because some genus(idiot) goes out a sues this large company for rotten food I never bought and was given free, This has happened more then once. So the companies are just like we are not going to give you the food if your just going to act us. I gross but this why it is this way.
@@129das there are laws that protect companies that donate food from being sued
@@mjkittredge maybe but it still happens
Profit extraction is the exact opposite of efficiency.
You can see this in action with private vs public healthcare
@@georgekostaras Private healthcare is better than public 😐
@@andraddya8447 data would suggest otherwise. We pay the most in the industrialized world and have worse results.
@@andraddya8447 The US spends twice as much as countries with universal healthcare and have worse healthcare outcomes, preventative diseases, suicide rates and bankruptcy from medical debt. Where in that is "better?"
@Gachibass Commentator But private healthcare is better than public
Story time: when my family and I moved to this house we are certainly in, there was a lot of junk, so we went to the landfill ( I hate landfills). To make a long story short, a truck came dumping perfectly good Kroger oranges. The truck driver talked about how horrible it is what they are making him do. We took as many oranges as we could, and the truck driver took a bag as well. Still, lots of oranges were wasted.
I worked as a grocery store clerk when I was a teenager. It always blew me away how much food just got tossed in the trash compactor.
13:25 "...the genocidal adherence to the profit motive." Goddamn. Well said.
I wouldn’t call Capitalism “genocidal” because that title belongs to Socialism and Communism. If Capitalism is so bad, what’s better and why?
@@unfunnydave5485 There's a million different reasons, none of which I'll go into. If you didn't agree with the video by the point that I referenced in my comment, there's no amount of time wasted tapping away at the keyboard that will change your mind--not from me, at least. Have a good day.
@@ddamianforeman8803 so give me a couple good reasons that will change my mind. I’m open minded but when the video is so blatantly biased against Capitalism as opposed to trying to show a balanced view it shows that heavily biased view as reality. Ex. A. “The genocidal adherence to the profit motive” calling Capitalism genocide for giving incentive to work is not even close to unbiased. I get that no one is unbiased, but at least one should try to be as neutral as possible to allow people to take away useful information as opposed to propaganda.
@@unfunnydave5485 Capitalism is bad because it pits one against each other; profit is the motive, not progress. It allows the rich to get richer and exploit the poor. Putting the all-mighty dollar before the good of insuring that all people have healthcare, housing, food, water, etc., is completely immoral--and capitalism embraces such dollar-minded thinking. I'd have no problem with capitalism if the captains of industry--Bezos, Musk, Gates, and so on--paid their fair share, both in taxes and to the people they employ, but they don't. Those three men I listed just now--they have more than enough wealth to end poverty twice over in this country, if not more. They have the ability to do something absolutely amazing...so what's stopping them? What is preventing Jeff Bezos from paying off all of the USA's student loans? He's got plenty of cash, and still will after he does it. Seriously--it would only be in the country's best interest to, say, have thousands more doctors, electricians, philosophers, scientists, and the like. Why won't Bill Gates purchase homes for those without them? The man is a multi-billionaire, and could afford almost every home in the country at the same time--Gates could literally save hundreds, maybe thousands of lives every year this way. Why can't the Koch foundation fund Kentucky schools, where education is some of the worst in the country?
I don't measure the success of my life by how many dollars are in my bank account, nor how many bucks I'm worth per hour. I don't need to be threatened by financial instability to have an incentive. Chances are, you don't either. Is there a profit motive for me taking my time to write you back? No. There's not. The only motive I have here is A) hopefully changing your mind, and B) I just happen to like typing.
Let me leave you with a question. If I were to provide you, personally, with three thousand dollars every month for the rest of your life, what would you do? Quit your job? Cool. That means you probably didn't want to do that job--which means its a good thing you quit so you can find a job you actually like. What would you do then? Take a vacation? Cool. Expanding your point of view is easiest in other cultures--so have at it. It may be beneficial. What would you do then? Go back to college? Excellent! Go get that higher-education. I'm stabbing in the dark here--but seriously, what would you do? Stew on it for a bit. If you had all the basics of your life covered, would your life be better or worse?
@@ddamianforeman8803 two questions. When the rich are taxed and they run out of money because of heavy taxes, who will be taxed for their wealth? Who will go do jobs like coal mining or maintenance of a nuclear power plant. Those are high risk jobs with good pay to incentivize getting it, but then people would not fill those jobs because why take that much risk to earn extra income? As for what I would do, I would quit my job because you are rewarded for earning less money and punished for being useful to society. If I end up getting a job all of my work would be taxed away for being “rich.” For one, I do think some socialist ideas can be helpful I just think that to much disincentivizes being useful to society. I leave you with the questions “when the rich run out of money who will be taxed” and “what will incentive will you provide to fill those jobs that need to be done because making more money punishes you so hard?”
The fact that we have to pay for water is insane.
I wouldn’t be surprised if down the line, they were selling air in a can because of how bad air pollution will be.
Spaceballs was ahead of its time
I'd be ok with continuing to pay for tap water. The purification and delivery has costs.
It's the literal theft of local water by the Nestlés of the world who sell it back to us and the deteriating quality of our tap water that I take issue with.
In Cornwall, Ontario a friend of mine used his pool test kit on tap water.
It said the chlorine level was too high for swimming.
@@kidlifecrisis9927 it's no coincidence that Perri-Air is owned by Nestle
Somewhere in Asia they're already selling oxygen, it's like an oxygen bar or something like that
Why shouldn’t you pay for something that you value more than the dollar in your pocket? Why shouldn’t the company providing a product that you like be compensated?
In Europe were instituted laws to prevent product waste, but are still some problems.
Short answer: No.
Long answer: It is not.
Capitalism is extremely efficient at exploitation.
So good in fact that people will defend it while being exploited by it.
@@ANTH0NY.VII. Yep. If you are a person that lives a minimalist life, does not have debt and treats people fairly aspiring capitalists will wonder what is wrong with you.
Yes. It's only about profit.
Even if that compromises everything else in society.
@@biashacker I am a capitalist who lives minimally and without debt tho… I don’t understand how those are related. Capitalism is just not wanting the government to guide the market under the assumption that buyers and sellers can create more efficient markets themselves.
Philip Markuszewski you are a capitalist? Show us the deeds to the factory my guy.
You ever worked on a farm? 80% of food produced can’t even be sold to market despite the fact that it’s perfectly good! Yet people are starving
Have you worked on a farm? You could just give the food away to impoverished families... Unless it's illegal.
Most of the crops produced on farms aren't even for human consumption. More than half of their harvest is used for animal feed or for energy production I.e, like for biofuels and ethanol.
I would say sell them, just sell them. Give them to people that are starving etc.
@@bladedninja8853 If it is illegal then there is something absolutely wrong here
@@funveeable yes because the only reason people work is because the threat of starvation, so we always need to keep them on the brink of it. Please reconsider your argument
I feel like I might be coming full circle watching a channel like this. Not too long ago I would've considered myself a hard-core capitalist defending conservative. While I can't say I identity as a socialist (honestly I'm just not a fan of political labels and try to take issues on a case by case basis) I will say that I'm always rethinking what I believe about politics.
Glad to see you branching out and keeping an open mind. Keep at it :)
“During the worst pandemic in our lifetime…”
Just like all of the “once in a lifetime worst economic crashes” that keep on happening?
Ah yes
I love how failing to prepare students for life when you charge $40k per year is considered "efficient".
4-5 years to develop a specific skill isn't efficient at all.
@@Ascend777 the first two years of college is literally high school it's such a waste of time and money
@@NNOutBurger_Gaming Exactly!
@@Ascend777 should have went to a trade school.
@@goldfishy CZcams, Khan Academy, Masterclass and Skillshare are not pioneers of free market capitalism that’s ridiculous. And tuition prices didn’t rise because of government loans either, tuition prices began to skyrocket in the 80s when the demand for higher education increased but universities were getting cuts to their funding and social activities and programs on campus also became far more popular at the time which meant universities needed more money, but they got less. The government had been giving out loans to students long before the 80s so it clearly wasn’t the loans that caused the problems. It was the stupid right wing government that decided to cut funding for anything they could, the capitalists caused the problem.
Me watching this video:
"Shit, that's literally sociopathic behavior"
"This is also sociopathic behavior"
"That's sociopathic too"
"Sociopathy"
"Sociopathy"
"Ooh, psychopathy"
Capitalist efficiency: Putting words like equal, prosperity, justice, freedom in their constitution all while denying those things: denying the majority a vote, owning human beings as property, having a legal system that protects the wealthy only, and depriving me the autonomy over my own body organs.
@Fat Face Bork Laser The majority... anyone who wasn't a white property owning male. This would include all females and any non-whites as well as any poor white males. That's the majority. When the US was founded, only 16-17% of the population could legally vote.
@@theawesome8654 Dude I think things are a little different now and were still practicing capitalism.
@@wolfbrandleverett4564 Things aren't much different. It's still the elites who own and control everything and the rest of us are just here to do the work and make them a profit.
@@theawesome8654 Well anybody who isn't a felon can vote today. You have complete body autonomy and nobody is regulating your organs through capitalism. Also owning a human is strictly illegal. It's not the rich entrepreneurs that regulate your life, because they cant, only the government coerces and controls your life. The only reason the rich can buy off government is because government has the power to make regulations that support the rich peoples corporations.
Those kids climbing on the potato mound made me laugh.
FrEe MaRkEtS aRe ThE bEsT wAy To AlLoCaTe ReSoUrCeS
This channel has legit radicalized me in the best way possible.
Yesterday i was capitalist, now not anymore
I feel like it's starting inside of me too😅
do not use that term lightly. for your own and this community's sake.
I was the same. Many of us were not radical because we simply were not shown both sides. Socialism is on the rise and they're fucking scared of us! See the trolls who are gonna derail this comment section.
Every day we break through the red scare and cold war propaganda a little bit more.
I want to say that as a fellow Texan, I am traumatized from last winter. I don't think people realize how bad it was, and I'm really scared that I won't survive next winter. :/
As a South Texas resident, I can relate.
I'm sorry you had to go through this. :(
But on the lighter side: You can prepare for next winter. Try to get everything set up that you would have needed last time.
You know there is something fundamentally wrong with our society, especially America ... when our lives have been reduced to nothing more than chasing a dollar. The economic model itself is unsustainable, and has to increase profits and prices year after year, or life/business comes to a halt and panic sets into the markets ... it's actually self-destructive.
The reason that has happened is clever marketing on behalf of capitalism. We once considered ourselves WORKERS, which is why the middle class ended up being created due to socialist and communist parties gaining so much membership in America during the Depression. At some point they marketed Americans to be CONSUMERS who are people who buy as much stuff as possible, taking away their identity as workers. If you don't identify as the group being exploited you are less sympathetic to them when their employer screws them over. That is why right winger working class people can see the corruption of capitalism and completely ignore or defend it.
I remember my high-school economics teacher told us about how a company that owns all of the diamond mines in Africa artificially inflates the price of diamonds by limiting the sale of diamonds and acting like it was a good thing.
“There is a crime here that goes beyond denunciation. There is a sorrow here that weeping cannot symbolize. There is a failure here that topples all our success … in the eyes of the hungry there is a growing wrath. In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage.”
John Steinbeck, The Grapes of Wrath
@@thomasmaughan4798
Yea. For that you must read the book.
@@DrinkTheKoolAid62 Grapes of Wrath is timeless and will always describe the relationship of plebs & our neo-feudalism
@@thomasmaughan4798
To be more specific, I wrote this passage down when I read the book years ago. I will never forget it.
The owners ordered the burning of the unsold oranges instead of letting the workers eat them. This paragraph describes the mindless exploitation of capitalism poignantly.
Feed the poor. - a fundamental Christian value….right?..right?
The collection plate at church😏😏
I'm gonna pretend I didn't see that
the pope actually is in favour of social healthcare
Technically, but to be fair early christians lived in communes.
@@unaihmg9352 that is useful.
nobody works harder than a hungry man, nobody preachers louder than a convert.
Can't believe consumers get actively blamed for being wasteful by mainstream media when this is straight up why we have several football stadiums worth of food wasting away.
The greed of a few becomes the hunger of many.
Conservatives and libertarians will whine and insult you, but they wont be able to debunk this video, the truth hits hard like steel
Agreed
Don’t hate on libertarians too hard. They’re only a step or two to becoming socialists. Trust me. I was one before.
Conservatives will just call you a commie instead
Libertarians are a bit confused but they got the spirit
@@matthewmorel3758 Depends on the libertarian... A lot of them want to abolish everything that would in any way regulate capitalism.
@@guy-sl3kr an caps
I am almost 30 years old, I almost never cry, I didn't cry when my father died. But I'm on the brink of tears any time I see footage of the food and necessities being purposefully destroyed so some rich guy can charge me more for the ones he didn't destroy while me and everyone around me already struggles to afford those things we litterally need to live, It is the most raw reality of the disturbingly unjust world the capitalist class has created for themselves.
It makes me sad as someone in the middle class as well, I've never had to worry about food or shelter. It's needless cruelty to deprive people of the bare essentials.
@@tim3440 A) You're wrong, the video flatly states your wrong B) Laptops are going to go bad? Are you high?
@@tim3440 he was saying THE DAMN STUFF WAS FINE, IT DIDN’T NEED TO BE REPAIRED
@@tim3440 I don’t need to sign a damn contract to give a jacket to a homeless person, why can’t they?
@@tim3440 doesn’t that only apply when a warranty is specifically offered?
5:40 This reminds of that Futurama episode where they needed to create a lot of trash just to repel a trash comet.
News papers would printed just to be dropped in the bin immoderately. Lol.
It’s hilarious and sad at the same time.
Small correction on the Dunkin' Donuts story. The rogue employee giving free donuts away doesn't "cost the company nothing". You see, if people who may otherwise have come to Dunkin' to buy some donuts are fed for free, any potential demand from them is eliminated. Sure, the act will barely affect DD, but they don't want to set a bad precedent. What if those firefighters were planning to stop by and buy some donuts that night, but now won't spend the money after being donated some?
It's SO EASY to help those in need of food and clothes, yet companies think it's all about the money.
fuck did you just fall out of lefty college?
@@smurfsrule9680 okay
@@tim3440 okay. We would check every piece of food before donating.
@@tim3440 "Safe than sorry." Yeah, dumping tons of food while millions starve is to be safe than sorry.
@Tim "Just because it is law now doesn't make it right. laws are put in place by gov officials who are swayed by Corporate money and power. Laws have been changed before because they have been found to be inhumane or no longer relevant. Stating that we should just blindly follow current laws because "That is the way it is" is like a lamb walking happily towards slaughter. I will always follow my moral compass over blindly following laws.
The Florida building collapsed reminds me of the grenfell tower fire, it was cheaper to not put in fire safety measures.
Yes, I thought that too!
Both of those disasters are reasons why I refuse to live in an apartment.... I'm terrified.
It was slightly cheaper to put on fire spread friendly cladding. Those víctims died because someone wanted to marginally reduce costs.
@@johncoffey1483 ah yes, the great wonders of ✨Capitalism✨
@@johncoffey1483 That cladding was so EFFICIENT! /s
Okay, completely off topic but the guy operating the lathe at 2:24 is clearly an actor because not only if the cutting tool improperly secured in the tool holder with only a single set screw, but he is also turning the lever to remove the tool holder while the lathe is running, which is not only a surefire way to break something, but also pretty dangerous.
You absolutely need to make subtitles for your videos, french German, Spanish, italian, Korean, Japanese and whatnot. What you say here is true in the whole western world and need to be widely shared.
Totally agree!
It’s crazy that there aren’t tenfold of the current views on this video…
I worked at a grocery store in Switzerland for a few weeks. One night someone forgot a small cake they had paid for at check out, and when no one came and took it until we closed I figured I could take it. When I told my boss that I wanted to take it, he told me he would have to fire me if I did. At first I laughed it off, because I genuinely thought that was a joke, but no.He was dead serious. I wasn‘t allowed to take a small cake, which was paid for and would have been over-Date the next day, but had to throw it away.
I’m so glad you touched on the building collapse in Florida. That should be a huge wake up call to everyone.
How so?
@@thomasmaughan4798 When are you gonna realize no one is paying attention to you?
@@thomasmaughan4798 so you’re blaming the victims of the deadly collapse?
@@rynegreen7902 who actually died, are they rich people?
@@gamingthisera6339 the people living in the building (it sound like there may be over a 100 of them), it doesn’t matter if they are rich or not, they died because of someone else wanted to save a few bucks
We destroyed OVER 100 NEW PS5s 90 days after they were released because the boxes may have been damaged in some way. This was at Amazon, I worked there for a few years. Sometimes not at all, but usually a scratch on the cardboard or small dent to the corner of the box. Those PS5s are packed well, I bought one way later, I guarantee not a single one of the units we destroyed were broken.
everybody gangsta until amazon starts making pets and the one's they can't sell get [redacted]
I've always thought of capitalism as more of a neofeudalism.
Certainly looks and feels that way.
Me too, but capitalism it's just better at exploiting people
@@kubakornijenko1927 you don't know what even socialism is. Before speak, read or just inform yourself.
Socialism is when the country (or the system in general) is controlled by the workers, the majority of the population. So China, URSS or other countries like that aren't socialist, are just dictatorship self called "socialist". A good socialist country have low/no inequality. In fact the more socialist country are the nordic country, were the population is happyer, there's less crime and so on so for. But it's not pure socialism this, purer socialist country are even better.
Pure capitalism indeed is worse for the workers (the 80/90% of population). In pure capitalist country, the people can't even vote, like the USA in the late '800 or first '900. Technically they could but the rich manipulated the votes. And even with regolations the people that aren millionairs or corrupted politicians paid by millionairs suffer the most. See the "magnificent" USA private healthcare, a disaster.
There are studies that correlates equality with happyness, low crime and more trust in others. And if socialism leads to absence of inequality, socialism is better than capitalism (where rich people pay politicians or where they evades taxes, even if they could live very well without some million).
Not to mention the child labour where capitalism buy stuff at low prices, exploitation of workers or the devastation of the world where we live. Or litterally THROWING FOOD when there's people that haven't enough food to live. All this just to make profit.
I explained with fact that socialism is way better than capitalism. If you wanted to listen, good. Instead, of you're a troll or want to don't see the evidences, there isn't much that I can do. So, byee
@@hamatlante1280 you're trying way to hard to convince a guy who really doesn't want to be convinced. He's been posting loads of comments that add up to "socialism is worse, actually". Just let him get it out of his system.
@@_ikako_ oh thanks a lot, I didn't know, i haven't read much comment. And is cute your ribombee I love that pokemon ahah
Texas is snowing, Vancouver is reaching 50°C, the oceans are literally on fire. We really really fucked up this planet.
Yeah, and the boomers who did most of it are still in denial.
Half of Germany is being washed away while the other half is still in drought.
This makes complete sense now. When I worked seasonal at Costco, I would have a complete shift dedicated to throwing out food and unused merchandise. 5 hours straight throwing out perfectly good food and clothes. I was utterly disgusting with the experience.
Amazon destroying TVs and other electronics while farmers were throwing away fresh food makes me feel a certain kind of anger i can't describe.
This makes my blood boil... I'm from a well off family but I received covid relief because I'm self employed and don't get much money.
I used all my money that I didn't need to buy food for the hungry, my local church gives out what we call "Basic Baskets".
If I can give half the income I made to feed the poor, why these people that make millions upon millions can't give out things they are not even loosing money over.
Monsters... all of them.
Capitalism
I want to apologize to you, I made a snide comment on one of your videos a few weeks ago and your reply made me question what I said and how I was trying to discredit your video because of how it conflicted with my preconceived notions. I was too embarrassed to respond but I started supporting your patreon and I have watched every video you put out since. You make very informative videos and I think you'll help make a change in this world and I praise you
There is no shame in admitting a mistake.
Btw. have you seen Beau of the Fifth Column's video about the Sunk Cost fallacy?
This is integrity. Noone can be perfect. Everyone can be better. Kudos to you for admitting a mistake and being open minded enough to think twice in the first place.
And this waste has been going on for decades. I was homeless for a while in the 80's and did my share of dumpster diving to collect cans. There was a lot of packaged food, some of it frozen. The supermarket dumpsters were inaccessible and hard to get to, even back then.
One day I came upon a small bottling/distribution plant and figured their dumpster might have some cans. I had to scale a moderate fence to access it, and to my amazement it was full knee deep with Coke cans. This dumpster was huge, it had to be 8' x 20', probably 40 square yards, so I thought I hit the jackpot. After I climbed in I realized almost all theses cans were still full, with some dents to the aluminum. They were just throwing them away.
One fellow I became friends with, solely ate from fast food dumpsters. He never showed up at the shelter to eat or for anything else. He grew up poor on welfare eating Pork & Beans, and when drunk, he used to repeat the story that in his youth, he was always wondering why there was never any pork in the can.
When I worked at a small local grocery store, they donated all non perishable foods to the food drive at the nearby church. That being said, they still threw away any produce or baked goods. My boss would send me to throw bags filled with food into the garbage and jokingly he called it donation