Comments by "BlackFlagsNRoses" (@blackflagsnroses6013) on "" video.

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  8. Billy Pardew capitalism isn’t synonymous with markets. Markets existed long before a socioeconomic system of proprietors relying on wage work for the accumulation of wealth and capital. Capitalism is very much a system of the primacy of capital, the rule of wealth, plutocracy. Classical liberals were even critical of capitalism, the word capitalist was a pejorative for those merchants and owners of capital whom received privileges and favors from State authority, so that they maintain monopolistic practices. Early liberals advocates for industrial democracy and what today is called Market Socialism. David Ricardo, John Stuart Mill, Rousseau, Thomas Hodgskin etc... several were self proclaimed socialists, as socialism was understood as those who hold the labor theory of value, and against the primacy of capital over labor, or a ruling business elite. Hodgskin’s “Labour defended against the claims of Capital” is one of the earliest works of class struggle and socialist principle. Such sentiments continued in liberal circles unto Abraham Lincoln and the modern socialist movements. Yes there are actual leftist socialist strains opposed to Leninism and authoritarian state socialism. Socialism started in liberal thought and circles. There’s a strain of free market anarchists and market socialists who are anti-capitalist and would see the end of all forms of usury. Interest, rent, profit all forms of income not earned by labor, other than inheritance. Some want labor notes, or time notes as in Josiah Warren’s Time Store where the currency were notes of amount labor used for production. Mutualists would have Mutual Banks where people would get loans at low interest rates in whatever currency and have capital for competition in the markets. The government already has a monopoly on finance and currency. We should be able to use whatever currency is accepted. Don’t conflate capitalism with a free market system, they are not the same. Taking the ideals of classical liberals you’ll naturally come to an anti-capitalist market socialist ideology and model. Capitalism is simply making money cause you own a property, extract the surplus, and worker’s who create the value and wealth are left to a wage. As Lincoln said: "And, inasmuch [as] most good things are produced by labour, it follows that [all] such things of right belong to those whose labour has produced them. But it has so happened in all ages of the world, that some have laboured, and others have, without labour, enjoyed a large proportion of the fruits. This is wrong, and should not continue. To [secure] to each labourer the whole product of his labour, or as nearly as possible, is a most worthy object of any good government."
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