Comments by "Nash Hinton" (@NashHinton) on "Why Capitalism Works | 5 Minute Video" video.

  1. You have no fucking clue. Capitalism creates an abundance of goods and services for the poor at cheaper prices. True free market capitalism, not crony capitalism, causes the prices of goods to decrease because of competitive market forces, and these countless goods and services is what constitutes wealth. According to the Economic Freedom of the World Index, economic freedom and capitalism has been shown to correlate strongly with higher income per person and higher income of the poorest 10%. Nations with less economic freedom suffer from more corruption and less economic growth than capitalistic nations that rely on free markets. Capitalism is the best economic system that we have right now, and until we reach a post scarcity economy through nanotechnological means, capitalism should remain the only economic system that produces wealth. Capitalism stimulates innovation and investment. I believe in regulated capitalism. I don't believe in laissez faire, cut-throat capitalism.
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  2. mouthpiece200, Well, that's the government's role- to step in and provide poor people with direct financial assistance through transfer payments to increase consumption during times of recession or underconsumption. You sound like you want to abolish capitalism in its entirety and that is not the proper way of inducing prosperity. The poorest citizens of capitalistic nations make up the wealthiest 5% in the entire world.according to several economic freedom indices. So in a sense, even though capitalism produces vast income inequality, eventually, through the productive efforts of multiple people, even the poorest member of society can become extremely wealthy. Also, even though this is irrelevant to our discussion, I love how many leftists adulate Pope Francis for criticizing wealth inequality (sarcasm). The Pope does nothing to help the poor. The Catholic Church has paintings worth millions of dollars in the Vatican and gold chalices worth thousands. The Pope incessantly decorates himself with gold rings and necklaces but refuses to liquidate many of the Vatican's possessions for charitable distribution. According to the Economist, the Catholic Church only donates 3% of its income to helping the poor. Why doesn't Pope Francis sell that superflous wealth and actually donate the remaining income to the poor? Pope Francis is the perfect epitome of a religious hypocrite. And any leftist who supports him is an idiot.
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  3. Demockracy69 You're wrong. Crony Capitalism is either corporate capitalism (state capitalism) or unregulated capitalism. The ideal type of capitalism is regulated, welfare, environmental capitalism in the form of a mixed economy.
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