Comments by "Nicholas Conder" (@nicholasconder4703) on "Quick Fire Q&A" video.

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  6.  @TheImperatorKnight  However, without oversight, capitalists tend to become avaricious and you end up with the same situation that lead to the collapse of most Chinese dynasties, brought about the French Revolution, etc. The theory of economics also tends to ignore two factors. First, every system, no matter what it is, has a carrying capacity. With the marketplace, there is a limit to what you can sell (as Gateway computers discovered the hard way). Second, theory tends to overlook reality, most importantly, base human nature. Most people who end up in the top echelons become detached from their workers, and so begin to exploit them by cutting wages, etc., in order to benefit themselves. There is a good reason why the Greeks said four of the deadly sins released by Pandora were Greed, Envy, Gluttony and Lust. That being said, socialism in all its forms is a fools dream, because socialism blithely ignores base human nature completely. At least capitalism embraces reality. Capitalism works, and it does, and quite effectively. Indeed, if you read the Bible you find Christ uses a lot of marketplace analogies in the parables. However, unless there is oversight capitalism degenerates into one form or other of slavery. Many CEOs and company presidents would like nothing more than to run their companies like plantations or the Potosi slave mines. After all, you get rich, there is little overhead, and you have product to sell. Who cares about the people working for you? After all, they don't buy your product. Also, government is responsible for the vast majority of infrastructure that empowers industry. The road network is one example, water and sewage another. I know of only two dams in the world that were built using private funds alone, Boulder (Hoover) dam and the dam at Whitehorse, Yukion. The vast majority are government projects, either directly or indirectly. Same with many power stations. Stating that the market is independent of government also ignores the whole issue of tariffs, trade agreements and the like. And without government intervention, companies and nations would go bankrupt as cheap offshore products flood the markets. Industrialized nations would rapidly lose their farms which is the basis for any economy or nation, as the Japanese well know (which is why they don't allow foreign importation of rice). So, I guess we will have to agree to disagree on this one.
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