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

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  4. Susan Bones there is a huge misconception that socialism is anti/markets. No it’s anti-capitalism. Historically socialism developed from classical radical liberalism. Adam Smith advocated for free markets. His successor David Ricardo expanded on the labor theory of value. John Stuart Mill advocated worker cooperatives as the only way for a free society to organize industry. And was against standard wage labor. Thomas Hodgskin would also write works like “Labor Defended Against the Claims of Capital.” Classical liberals were precursory to socialist economics. You should look up the Free Market Anarchists also called Individualist Anarchists. An American strain of Proudhon Mutualism, they are fellow libertarian socialists and perhaps the most radical school of market socialism. Evidently you can be socialist and support free markets. In fact to socialists free markets, truly free markets not capitalism, inevitably lead to a socialist socioeconomics. Or as Individualist Free Market Anarchist Benjamin Tucker put it: “ The economic principles of Modern Socialism are a logical deduction from the principle laid down by Adam Smith in the early chapters of his Wealth of Nations,—namely, that labor is the true measure of price. But Adam Smith, after stating this principle most clearly and concisely, immediately abandoned all further consideration of it to devote himself to showing what actually does measure price, and how, therefore, wealth is at present distributed. Since his day nearly all the political economists have followed his example by confining their function to the description of society as it is, in its industrial and commercial phases. Socialism, on the contrary, extends its function to the description of society as it should be, and the discovery of the means of making it what it should be. Half a century or more after Smith enunciated the principle above stated, Socialism picked it up where he had dropped it, and in following it to its logical conclusions, made it the basis of a new economic philosophy.”
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  5. Neilson Truong yeah you realize that government intervention in economics on behalf of the property owners is what socialists call “capitalism” right? The system we’ve been raging against since the mid-19th century. It’s in the name Capital-ism, the ideology of the property owners. It is the Statist system anarchists and other socialists would like to abolish for either communism (stateless and classless society where the city/township is the only matter of politics and the workers own industry) or market socialism (socialist organization with market distribution system). We don’t like capitalism because it’s statist and sustains itself via an underclass of labor to exploit and concentrations of monopolist private powers. Hence why libertarian socialists aka anarchists are strictly anti-statist, anti-government. Under truly free markets socialism reigns. As Free Market Anarchist Benjamin Tucker said : “The economic principles of Modern Socialism are a logical deduction from the principle laid down by Adam Smith in the early chapters of his Wealth of Nations,—namely, that labor is the true measure of price. But Adam Smith, after stating this principle most clearly and concisely, immediately abandoned all further consideration of it to devote himself to showing what actually does measure price, and how, therefore, wealth is at present distributed. Since his day nearly all the political economists have followed his example by confining their function to the description of society as it is, in its industrial and commercial phases. Socialism, on the contrary, extends its function to the description of society as it should be, and the discovery of the means of making it what it should be. Half a century or more after Smith enunciated the principle above stated, Socialism picked it up where he had dropped it, and in following it to its logical conclusions, made it the basis of a new economic philosophy.”
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