Comments by "James Adams" (@ExPwner) on "Valuetainment" channel.

  1.  @michaelmappin1830  there is no parasitism in capitalism. Profit is not theft. STOP LYING!
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  2. No you didn’t. The book does not tell people how society ought to be. It highlights how dumbass leftoids are fucking up society and still describes things accurately to this day. Even Biden was trying to appeal to altruism in SOTU.
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  3. And a wrong understanding to boot. It’s because he just lies and makes things up instead of actually studying the facts.
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  4.  @michaelmappin1830  more stupidity and dodging
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  5. Inflation is not “price gouging.”
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  6. A claim that is wrong and utterly retarded
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  7.  @michaelmappin1830  there is nothing “mathematically proven” about the stupidity you just spewed. The fact that someone makes more money does not mean that they are a monopoly.
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  8.  @SHAUNF904  Marx was refuted by Bohm Bawerk. You’re the flat Earther of economics if you take Marx seriously
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  9. OP disregard the paid shill spammer Mappin. He has been spamming the same lies across dozens of videos for years because he does it for a living
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  10. He wasn’t confused. He had it right and Wolff got it wrong. Wolff has a cartoon understanding of history.
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  11. That would be a valid point but this video was released before then.
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  12. His claim of capitalism producing poverty is baseless but that is the norm for a lying Marxist. PraxBen demolished his lie on this.
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  13.  @mosehlewi3081  no it doesn’t. Poverty is the natural state of man and capitalism factually reduced it. Capitalism has no ruling class and is not extracting wealth from people. Your Marxist nonsense was refuted in economics over a century ago.
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  14.  @mosehlewi3081  there is no such thing as surplus value extraction
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  15. That is not true. Most people born into the bottom 20% in the US will move up rather than staying there.
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  16.  @michaelmappin1830  shut the hell up about your debunked “social mobility index.” It doesn’t even measure social mobility. Social mobility is how much mobility you have in terms of social class, something that I explained in full and instead you rush to parrot your idiotic "index" again with no argument. No, mobility is not based on your access to services. It is how much intergenerational mobility is present. Quit being such a child and learn how to read.
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  17.  @michaelmappin1830  yes it is. See you’re just economically illiterate.
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  18.  @michaelmappin1830  “Marxist economics” is like “flat Earth physics.”
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  19.  @NinthSettler  no, he was a hack. Read actual economics. Marx is pseudoscience.
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  20. Wolff is the brainwashed one. Apple is not a monopoly.
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  21.  @OurFoundingLiars  you're right. Michael Mappin is a shill for Richard Wolff. He does this on every Richard Wolff video he can find so that he can defend Wolff and spam Marxist lies.
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  22.  @WanderingExistence  most of us don’t which is why we reject socialist stupidity.
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  23. 😂 he doesn’t have knowledge he drops debunked Marxist bullshit talking points.
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  24. More debunked labor theory of value nonsense. Why do people like you continue to spam this garbage over and over again?
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  25. Wolff is the one lacking the intellect
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  26. Wrong. They are a product of socialism namely government. Capitalism without government has no lobbying. Government with no capitalism still has lobbying.
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  27. PBD was entirely correct. Bailouts aren’t capitalism. Crashes caused by the government and Fed aren’t capitalism either. Wolff is a sophist and a moron here.
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  28. He is a liar that is why. Even the 11.6% you found is a measure of relative poverty (meaning a level set by the US government and quite wealthy by global standards). Absolute poverty as defined by the World Bank and other reputable organizations is a different amount and by that standard virtually no Americans are in poverty.
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  29.  @OneSliceNation  most don’t know these things. Wolff and other socialists constantly lie about things like this. He also conflated food insecurity (which is a term defined by the USDA based on survey questions that are so broad as to include more people being “food insecure”) with hunger/starvation in one of his own videos. His lies don’t end there either. He lied about deaths in Kenya based on a census that wasn’t taken, he peddles the debunked labor theory of value, the list goes on and on.
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  30.  @ghfdsgfhs8ughjnv  not at all a joke. Going into debt is preferable to not getting care as the shortages and wait times in Europe do. Fewer people per capita die from not getting care due to costs in the US than do people not getting care due to wait times in places like the UK or Canada.
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  31.  @ghfdsgfhs8ughjnv  wrong. I didn’t “cherry pick” anything. Those are examples of government running healthcare. Most other countries are government insurance schemes and universal but not single payer systems. There is a difference. And the US already has government involvement via Medicare, Medicaid, the VA and others similar to those others. Also wrong about it being a “right.” Someone else’s labor is not your right, and you pay for it through taxes. In fact government versions cost more than private ones. There are no countries that decreased costs with government takeover. The one thing you did get right is that the US has a bad habit of sick care rather than healthcare with respect to treating problems rather than promoting healthy habits.
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  32. Wrong. It does hinder small business because many bigger companies already pay above the new mandated minimum
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  33.  @willnitschke  I agree. But then again this is another deranged leftoid.
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  34. Understood and refuted.
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  35.  @michaelmappin1830  piss off you spammer
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  36.  @michaelmappin1830  nothing you post is factual. You have no argument, just idiotic babble.
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  37. Home Depot has tons of competition. Lowes is a huge competitor, Menards is another, and so are smaller hardware and lumber stores. Lumber got jacked up because there was a ton of money printed and demand shot through the roof. It has nothing to do with no competition.
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  38. Michael Mappin is a lying Marxist shill who spams propaganda for a living. He's so dumb that he thinks that all wealth is produced by labor. He literally blamed capitalism for the Great Leap Forward under communist China. He's been spamming this comments section and practically every other Richard Wolff video comment section for years with outright lies and propaganda, and he does not care about truth. He'll likely be spamming the same lies today in reply to top level comments here within hours. He's also responded to this comment with insults and fabricated quotes I did not say (not any actual argument) and hasn't even attempted to read the sources listed or provide any of his own because he knows he's lying. Plus he admitted that he doesn't care about the data. Here are a list of just some of his other lies: 1. He claimed that production has increased more than incomes. He has been repeatedly shown that this is wrong. (source 1 see "debunking the productivity-pay gap") (source 2 see "Heritage productivity and compensation") (source 3 see Reddit thread on bad economics titled "in EPI we trust") 2. He claimed that wages haven't kept up with inflation. This is in his copy pasted shill paragraph claiming that "capitalism erodes purchasing power" which was shown and explained to him numerous times to be wrong. This too has been cited numerous times and he keeps lying even after being given the source proving him wrong. (source 4 see "Econlib real wage myth") (source 5 see "FRED real compensation") 3. He claimed that people are working more hours over time. That was debunked and he kept claiming it with the source right in front of him. The facts show that people are working fewer hours over time as well. He's still refusing to acknowledge how this benefit has been passed along to workers and claiming that workers don't see any benefits from labor saving technology, which is outright false on its face. (source 6 see Wikipedia article on "working hours" particularly in the US) (source 7 see Our World in Data article on working hours) 4. He claimed that the Nazis weren't socialists. (source 8 see Eric July (Youngrippa59) video on YT for "Nazis were socialists" (source 9 see Mises article on "yes the Nazis were socialists") (source 10 see TIK video on YT for Hiter's socialism) 5. He claimed that Joe Biden was on the right wing. (source 11 see wikipedia article on "political positions of Joe Biden") (source 12 see executive orders from Joe Biden) 6. He claims that workers aren't paid the "full value of their labor." (source 13 see wikipedia article on "exploitation of labor" in the "critique and rejection" section which lists multiple economic references showing how the field rejects the labor theory of value) Now he's also engaged in lying about what others say and post to try to smear them. Instead of actually bringing an argument based on factual information, he just insults and smears. This is what Marxists do. They constantly lie and project because they know that their entire worldview is garbage. This is a grown man that acts like a child. He is not capable of a good faith debate.
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  39.  @Lolaismypoopydog2036  exactly, and Marxists like him and Wolff will refuse to accept that this is what they are doing while they unironically advocate for taking people’s businesses away from them through government decree. Michael here tried to deny it but you can search his social media feed and constantly he is clamoring for Marxist nonsense like “seizing the means of production” all over the place. He is a liar to deny it.
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  40. The real minimum wage is zero. It never “has to be raised.”
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  41. Appeal to authority fallacy. Just because he has a degree does not make him correct or above correction. Richard Wolff is a pathological liar and hack so yes it is appropriate to correct him. As for Indonesia, compared to what? You think their alternative is to just sit at home and watch TV?
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  42.  @MekonenMeteor123  okay. What does that have to do with correcting lies made by Wolff? Do you not think it immoral to lie?
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  43.  @benefitsbrian9199  it’s not irrelevant because telling a person on the brink of starvation that you are going to force their kids not to work out of moral superiority is nothing but virtue signaling and evil. You have no morals when you take that stance because you’re not there to actually improve their lives, you’re there to try to pretend like you are better than someone else. All around the world, parents who can afford to leave their kids at home or send them to school rather than child labor do so. They do so in multiple countries and societies across time and the world. As they get better off, they ditch child labor. Trying to prematurely cut this off does not make them better off, it makes them worse off as shown by Bangladesh. The kids didn’t suddenly stop working. They instead went into things like child prostitution. Don’t you dare try to tell me that is moral.
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  44.  @michaelmappin1830  capitalists are not taking wealth produced by labor. Shut up and go away spamming shill.
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  45.  @michaelmappin1830  workers do get the full value of their labor because value is subjective. Quit lying and piss off.
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  46.  @glennjohn3824  Mappin is lying and he knows he is lying. He knows he has no basis in economics for what he says and he knows he was already proven wrong on this, but he continues to lie because he is an admitted paid shill. https://youtu.be/WxG1ojG57v0 There is a part 1 and a part 2. Brian and I had a video call where we explained this to him so he knows he has no valid reason to keep saying “not getting the full value of their labor.”
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  47.  @michaelmappin1830  quit spamming the same debunked idiotic nonsense as before. The value of labor is subjective. The worker values the wage more than the labor and the capitalist values the labor more than the wage. That does not in any way prove that they aren’t getting paid the full value of their labor.
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  48.  @michaelmappin1830  none of the wealth produced by labor goes to capitalists dumbass. Wealth produced by labor is the wage. Labor does not produce everything. Labor is one component of the production process that gets paid just like every other.
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  49.  @nizzyvak  no, labor is not production. Labor is one component of production, of which there are many other necessary components. Value and cost are not interchangeable. Read Menger and Bohm Bawerk.
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  50.  @michaelmappin1830 no they aren’t. They are less efficient, less profitable and pay lower wages as I have demonstrated with data.
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