Comments by "Edward Cullen" (@edwardcullen1739) on "Capitalism is good. Let me explain." video.

Agreed, which is why free market systems need moderation that is based on a moral code. Precisely as Adam Smith described. The Anarcho-capitalist model of complete trust in the market is as retarded as Marx's centralised model. That is, Marx is one extreme and Rand is the other and they both fail for the same reason - they do not consider human nature and "non-economic" factors; they don't consider the "irrational" desire to live in a clean and pleasant environment, because that cannot be expressed in numerical terms. You can measure the amount of increased grain or steel production, how do you measure the increase in human satisfaction? You can't, so you need an alternative. Hence, a moral-based code of conduct which is enforced by government. The lack of a clear and (mostly) unified moral system that is enforced without corruption is why the West is collapsing. For example, of half of the population belief that theft is okay and half don't, then you have lost before you even start.
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@fgomez209 Because that's moronic and only benefits stupid, lazy or venal people. If I work hard for the benefit of my children, why shouldn't they be allowed to enjoy it? Because you're greedy and jealous, that's why - you want what others have but are not prepared to put in the work.
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@TheBaldr I understand your objective, but this isn't the way - you just end up with 3 government-owned organisations, which isn't a free market. The lack of accountability at the top is the problem. Large businesses do bad things because the CEO can say "I wasn't directly involved" - for example, corporate manslaughter. If CEOs started to go to prison for manslaughter every time someone died, for one, far fewer people would die and for two, you wouldn't have mega-corporations, because the CEO wouldn't allow expansion beyond a size that they can manage. Now apply this mentality to other "bad" things corporations do and you have your solution. My 2nd favourite is if you're an executive and you run a business into bankruptcy, you become personally liable for the harms caused. (No more golden parachutes for failed CEOs, while those at the bottom suffer.)
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@romanscerbak5167 Only if corruption remains unchecked. Perhaps your point is that "corruption is inevitable and can't be stopped", which is really hard to argue against, but then, there are (were...) some societies that are less corrupt than others, so maybe there is a way?
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@euler010 Perfect analysis! Marxism fails because there is no distinction between politics and economics - same with NatSoc and Fascism. They all suffer from this same flaw. The only "separation of powers" we need is economics/politics/morality. They can inform each other, but never _dictate_.
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 @Jamex07 0% falsehoods. The real problem is that people don't understand what a free market actually is - the "best" they have is a caricature created by Marxists.
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That's because the West is currently closer to National Socialism than a "free market economy". Socialism is the problem, not the solution. Anyone arguing with me is a (useful) idiot or evil - if you don't understand why we're closer to NatSoc than free market, I'm happy to answer questions.
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