Comments by "Kim O\x27Brien" (@kimobrien.) on "The Middle Class and Why It's Disappearing | Highlights Ep.36" video.

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  36.  @mattschrader5047  he difference between a capitalist and Marxist economy is private property and private profit. The first thing the state does in socialism is to take control of basic industry and then operate it on a needs basis not a for profit basis. You don't need nor is it necessary to have centralized state control over every nook and cranny of the economy. If you leave basic industry in the hands of private owners they will just run int into the ground until they can get tax money to recapitalize it. Nor can capitalism work without a government. That's a fable told by libertarians who's economic thinking reduces everything to a lemonade stand. That's why workers control of industry is essential not government control. If all you do is put a few creampuffs in charge then you will get capitalism no matter how you start or what you call you call yourself. This is why the Stalinist in every country had to destroy workers democracy to maintain power. The Scandinavian bosses have the economic advantage that comes with the US paying the cost of Imperialism and Volvo bosses behaves in the US the same way all the other bosses do threatening to use strike breakers. People don't "provide for themselves" as individuals otherwise there would be no need to trade. You could just swing from tree to tree like Orangutans eating low hanging fruit as there would be no need for markets or world trade either. You can see how a no government planning approach works in every natural disaster with capitalism.
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