Comments by "CaptainVanisher" (@captainvanisher988) on "VisualPolitik EN" channel.

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  5.  @skellurip  that's the exact opposite. All the things you mentioned are far more prevalent in restricted economies like Argentina. If you look at the most capitalistic countries, none of what you said here is true. Atm the most capitalistic economies are these: Singapire, Switzerland, Ireland, Taiwan ,New Zealand, Estonia, Netherlands, Luxembourg, Denmark, Sweden, Finland, Norway, Australia, Germany, South Korea , Canada, Latvia, Cyprus, Iceland, Lithuania. Those are the top 20 in that order by the way. And there is logic on why everything you said is the exact opposite in Capitalism. 1. (corporate power): In capitalistic countries due to the market deciding and high levels of competition, companies rarely stay at the top of the power structure for long. Whilst on more restricted economies, companies through lobbying and bribes use the overreach of the government to further their influence and crash their competition 2. (lower worker rights): Another fallacy for an economically uneducated person to make is that "if the market is free then the corporations will do whatever they like and take away worker rights". That's a fallacy because in a capitalistic system that's not an option. The competition will always keep the big corporations in check. The moment they start taking away rights and benefits is the moment the company fails and another one snatches their workers. 3. (lower consumer protection): In a capitalistic market, consumer protection exists through the threat of lawsuits along with some limited government organisations that check the pharmaceuticals and the food 4. (lower quality product): That's categorically true for anyone who has any basic knowledge of economics. Capitalistic markets is what made an incredible improvement in quality/cost of goods. The quality skyrocketed and the prices fell 5. (slower technological improvement): Almost all of technological improvement in the past 2 centuries has happened through free market economies. Technological advancement is literally forced in capitalism because of the high levels of competition 6. (higher price due to monopoly and cartel): Monopolies cannot exist in a true capitalistic system. Although I do understand that a capitalistic system can be corrupted like the one in the Us and after its corruption monopolies can rise through. As for cartels, that has nothing to do with the economy and everything to do with law and order. 7. (capitalism incentivizes things like exploitation and anti competitive behaviour): That's got to be one of the dumbest statements you've made thus far. I expect a middle school child to know that capitalism is directly connected to high competition. All in all ,you're very uneducated when it comes to economics and you're also probably low IQ. So rather you should let the professionals handle things like the economy instead of voting in corrupt lobbyists.
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