Comments by "Zach B" (@zachb1706) on "Stossel: In Defense of Capitalism" video.

  1. Cole Larkin Jeff Bezos built amazon up from nothing. He should be an inspiration. And yes, if you work at McDonald’s 9-5 on minimum wage... you’re lazy. It’s a low effort, low skilled job.
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  2. 0.1% own more wealth than 90%... by innovating, working hard. These extraordinarily rich billionaires became so by starting up some of the most influential businesses
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  3. Cole Larkin productivity has grown exponentially because of automation. People aren’t needed as much, prices go down and so do wages. Anyway, Amazon doesn’t make 34 billion per day. That’s their revenue, it didn’t take into account the expenditures. In total, Amazon only keeps around 5% of its total revenue. Does he deserve that money? Yes! He built a massive multinational corporation, he really innovated. He worked extremely hard to get it running, and now he can sit back and relax. Sure, he gets filthy rich. But in doing so he’s improved the lives of so many, and provided us thousands of jobs. Amazon is so successful it actually slowed the rate of inflation... that’s crazy.
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  4. Cole Larkin when a majority of the jobs are automated, we can talk about socialism
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  5. Cole Larkin probably, but quite far into the future. Anyway, I’ve already talked about why capitalism works. And until jobs get taken by robots, it’s going to be the best system
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