Comments by "Kim O\x27Brien" (@kimobrien.) on "Stossel: In Defense of Capitalism" video.

@chriskelley7979 So if the poor decide to just take from stores or pay a lower price the rich will just accept that?
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To drive profits their way bosses seek to replace higher paid skilled labor with machines and unskilled labor. The Capitalist drive for profits means they seek to pay the lowest wages, work you the longest hours and at the fastest pace.
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@tommyrosati9326 Once capitalism archives primitive accumulation it enters into decline. Giant Industries and firms become dominate in the economy of nations and they begin the fight over the world market. How can they win this battle of the world market which is the limit of capitalism but though Imperialist war abroad and a fascist dictatorship over the workers at home? The Giant industry enters into decline because of its very success of replacing skilled labor with unskilled labor and machines it becomes so over capitalised and the living labor used which is always the source of capitalist profits so small that its rate of return on investment makes it no longer worth investing in. This is how they become too big to fail. The capitalist doesn't want to sell into a market that doesn't return a profit. So instead they begin a crusade of gambling and creating new forms of innovative fictitious capital because their economist have told them what they want to hear that they the capitalist are the real producers of wealth and not the workers.
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@tommyrosati9326 So your theory is that value comes from God and the labor theory of value is wrong because capitalist can't rob each other or drive prices up and down with cartels and monopoly control and government intervention. When the capitalists can build Ayn Rand's perpetual electrical motion machine and defy the known laws of the Universe let us know.
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