Comments by "Nicholas Conder" (@nicholasconder4703) on "Late Night with Seth Meyers" channel.

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  20.  @Illiteratechimp  I would disagree about your thought that socialism should replace or supplant capitalism. There are problems with both systems. What one needs, and the world seems to be heading towards, is a melding of the two concepts. It is what Marx, Lenin and others all fought against, probably because it would take a long time to implement and it wouldn't put their names up in lights. You need the creativity and flexibility that capitalism can give you, while having the safety nets and regulations to protect the non-elites / working classes. Socialism would tend to even out wage earnings, which surprisingly enough is a bad thing for two reasons. The first is that you end up losing incentives for people, which leads to stagnation. The second is that you need wealth to create things - like the head of water behind a hydro dam for generating power, or the chemical imbalance between the inside of a cell and its surrounding. In both cases, if you get rid of that imbalance, the system does not work. The Soviet Union and the Catalonian Anarchists both demonstrated how extreme socialism kills an economy. Much as one may hate the excesses of that can come from capitalism, it is necessary for a healthy economy. You need both philosophies working in concert, capitalism to generate the energy to keep the economy moving, socialism (or more accurately, social values following truly Christian values as outlined in Matt: 25: 35-40 and other places in the New Testament) to ensure a happy and healthy population. We may agree to disagree on this point, but this is my take on the debate.
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  21.  @Illiteratechimp  You are right about incremental change. Our current economic systems evolved through trial and error. I also agree that the rich are TOO wealthy - they are hoarding wealth that could be used improve worker's conditions, revitalize businesses, etc. I have no problems with people being rich, but hoarding wealth out of avarice is destructive. An economy works on the flow of money, not accumulation of wealth. It was this accumulation of wealth in the hands of the few that lead, in part, to the collapse of the Roman Empire, the Byzantine Empire, and to the French and Russian Revolutions. It stagnated the growth and development of India and China in the 1600s-1800s, leading these two regions being dominated by colonial powers. By the way, your summation of all the problems in the former Soviet Union is excellent. However, the real issue, which you don't really touch upon, is that no system is, or can be, perfect. Base human nature, in the form of greed, lust for power, and the desire to dominate and control others, are all corrosive influences on ANY political or economic system. The biggest albatross we have around our necks is our darker nature, which leads to a lack of empathy for others and losing touch with reality. It is a pitfall that both revolutionaries and capitalists fall into. Indeed, Stalin's controlling nature and the ultra-wealthy's desire for more money and power are both manifestations of this. Many of their actions come from a desire not to lose their lofty perches. Democracy will survive as long as the rule of law can curb excesses, and taxation can be used to recycle money back into the system, and people use their brains to make educated decisions (oops, you're right, we're doomed). An example I like to use illustrating how out of touch some of these ultra-wealthy people are, is the story of Adolf Merckle. This man committed suicide in 2009 after losing $3.6 billion from his fortune, leaving him a "measly" $9.2 billion net worth. This guy's net worth was still more than the annual budget of 60% of the nations on this planet! If he was a country, his net worth would have ranked him around 92nd out of 228 countries. It just goes to show how severe his loss of perspective was.
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