Comments by "Kim O\x27Brien" (@kimobrien.) on "Why they don't tell you about Hitler's "Shrinking Markets" problem" video.

Thomas Sowell is just a disciple of Milton Friedman he even sits in his Chair at Stanford University. His book Basic Economics is what you would call a hymn to capitalism and Free Markets. At the end of the day the only thing he proves is how foolish he is. His big claim to fame is his claim to have been a marxist who saw the light You can call him a marist if you want to voulgaris Marx's teachings. Go ahead chuck the labor theory of value in the trash for one so stupid only an intellectual could think it up. Trade can be beneficial to both parties and big risk can result in big rewards. Wow what Genius Sowell is!!!! I might want to trade something I don't need for something I do and some else might have something they don't need that I do. Big Risk can produce Big rewards. Anyone with a brain knows you usually want risk as little as possible to get the biggest rewards. Fidel says he risked the whole revolution to win the battle with South Africa in Angola. Well that was certain a big risk and it produced a big reward the defeat of the invincible white man in South Africa. What did the big banks and capitalist do when the crisis of 2008 hit? Did they reject the use of the central bank for waiting for everything to naturally reset? Like Friedman postulate for the fix after the Great Depression? No the headed straight to Washington for a bailout. The only thing Friedmans ideas in the old Soviet Union produced was a deep economic crisis which is why the Chinese didn't put everything up for sale like the neoliberals told them to.
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@thefrenchareharlequins2743 Basicly its propaganda since he can't even define economics. it'a little more than a collection of cherry picked facts meant to make himself look like a genius for collecting them. .
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@thefrenchareharlequins2743 What makes you think resources are scarce to begin with? Afterall hasn't humanity always found new ways to use what nature has already provided? The idea of scarcity is one promoted by the bourgeois as the twin excuse for its privileges' and poverty. Capitalism with its world money economy is something new in human history. In a matter of a few generations we have gone from crossing the oceans to landing on the moon. He insults you intelligence when he uses Babe Ruth as an example of exploitation and the janitor as someone who isn't because he can find another job and Ruth has only the skill of being a ball player. He quotes Milton Friedman when he insults John Lewis as the greatest oil salesman. Lewis lead the CIO industrial union movement which organized the basic industries of American capitalism. Lewis was a working miner with a 10 th grade education. Yet Lewis had the ear of Presidents and Congress.
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