Comments by "Nanofuture87" (@Nanofuture87) on "Can Socialists and Capitalists Find Middle Ground? | Middle Ground" video.

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  89. ​ @krasmasov6852  "Most workers don't." Yet some do and still choose to work rather than be self-sufficient. Why is that? "You can't fish and hunt for food while working 70 hour weeks and having an entire family to feed." Who made you have a family to feed? Who made you work 70 hours per week? No one. These are choices that you made. "We have enough food to feed a world of 10 billion people. Why can't it be a guarantee?" Because the coercion that you would engage in to make it a guarantee would undermine the very reason why we have so much food in the first place, in addition to being fundamentally unjust in and of itself. "Reversing the argument will never work for me, bro." I mean, if you want to be intellectually dishonest. "Anything less than giving their employees equal ownership of the business makes me think of them as nothing but labor exploiters who are enemies to be defeated." You can certainly view them that way, but it's baseless. The real enemies to be defeated are the advocates of coercion, theft, and slavery like you. "Making it harder for someone to exploit labor isn't coercion." It is if you're using coercive force to do so. Riddle me this: if people needing to eat in order to not starve to death results in coercion, why is it that the farmers who grow and ultimately control the basic food supply do not charge extremely high prices and become the wealthiest people on the planet, reducing everyone else to utter poverty? Instead the government gives them subsidies because supposedly they don't make enough. What is going on here? The answer is rather simple: competition is going on. Consumers prefer cheaper food to more expensive food all else being equal. A farmer who attempts to impose arbitrarily high prices will fail. The same goes for employers. Employers are in competition with each other. Employers who attempt to impose arbitrarily low wages will fail.
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  158. ​ @sohamdutta5315  1. Googling it shows that entrepreneurship has increased, an upward trend over the past several years with 320 out of 100,000 adults becoming entrepreneurs in 2018. The pandemic has also seen a surge of entrepreneurship. 2. Monopolies in reality are fueled by government regulation creating artificial barriers to market entry along with subsidies / bailouts of established businesses. If a natural monopoly were to actually occur, this wouldn't even be a problem as the threat of competition would always remain. 3. Yes, Marx said that capitalism has greatly increased wealth / productive forces. Whereas Marx says that the relationship between the workers and owners under capitalism is antagonistic, a class struggle, reality shows it to be mutually beneficial. 4. Government interference is the problem. Yes, capitalists agree that a business cycle exists. No one is disputing that: the question is why it exists. Unsurprisingly, capitalists reject the explanation offered by Marxian economics where it's the result of the tendency of the rate of profit to fall. It's also unsurprising that governments liked the Keynesian explanation that they should spend more during a bust (though they don't like the flip side where they need to spend less during the boom). 5. He kind of was though. Rather than everything being decided by the movements of the planets, in dialectical materialism / historical materialism everything is decided by material conditions. His grand theory of human history is nonsense just like astrology is nonsense, and being fuzzy about the details so as to be unfalsifiable is also a hallmark of astrology. As for young people hating capitalism or liking socialism, I'd wager most young people don't even know what those things actually are. They hear capitalism and think cronyism and hear socialism and think things like universal healthcare. In any event, young people supporting things like socialism and then abandoning that support as they grow older is a common trend. The conservatives of today were the hippies of yesterday.
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  360.  @arthurmorgan1550  "If it is profitable to use slavery, child labor, or invade another country for its natural resources, then those things will occur under capitalism." Yet these things have been reduced under capitalism. How strange. It's almost like saving and capital accumulation and free exchange make these things less profitable. It no longer makes sense to treat men like beasts when you have machines or actual beasts to do that sort of work. It no longer makes sense to put children to work when the immediate needs of survival have been met and having children learning instead provides more benefit in the long run. It no longer makes sense to invade another country for its natural resources, an expensive process that destroys resources, when those resources can be had through peaceful exchange. "We need an economic system that puts people before profits, and that’s socialism." This makes no sense. Where do you suppose profits come from in capitalism? They come from serving people, from supplying customers with what they want. The customers, the people, are the ultimate decision makers in capitalism. The capitalist who does not serve the customer will fail. Saying that we need socialism is like saying we need to drink bleach. It's poison. "yet you’re ignoring its a result of corporations lobbying the government." I'm not ignoring it at all. Big business and big government have long been in bed with each other. However, the solution is not destroying capitalism and replacing it with socialism, but rather by removing the incentive to lobby by withering away the government. "A completely free market doesn’t exist because it’s idealist nonsense." Says the socialist. "The state is a mechanism of class antagonism, so as long as there are classes there will be a state" In a sense you're correct, though not in the way you intend. You have the rulers in government and you have the ruled. This doesn't change under socialist governments, you still have rulers and ruled. Without government to serve as the source of coercion to grant favors and pit special interests against each other, the interests of business owners and the interests of workers are aligned.
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  362.  @bobwilson3780  "what I should have said is luck plays a bigger role in capitalism than merit." k "Also, this whole economic system has thrown a whole generation if not two generations in the dirt." Nope, and capitalism is what has raised people up to be capable of being 'thrown into the dirt' in the first place. "I'm glad capatilsm is dying" Socialism is what has repeated failed and collapsed. "we've just made more kings." Every man can be a king. Every woman can be a queen. Every nonbinary can be a monarch. "You capitalists give the people as little as you can such that they don't revolt" You socialists think you are entitled to the fruit of the labor of others. "I presume you are over sixty" Nope. "have done well out of this system" Yep. Billions of people have. "For every ' successful person' there are many 'failures" Even the 'failures' are better off under capitalism. "Capitalism leaves the power in the hands of the few" Power is in the hands of the many. You choose if you will buy or not buy, sell or not sell. "That is one of the defining features of capitalism, inequality, or if you like, no democracy" Democracy takes power away from the individual, subjecting them to the will of others. Tyranny of the majority is a phrase for a reason. "in Central Africa, you would be screwed no matter your diligence or talents." Central Africa is also notorious for forms of socialism and government control that are very anti-capitalist. Even so, global capitalism has benefited Africa. "Luck played in your favour at birth, you are just entitled and callous if you believe this capitalist system is working." A socialist calling someone else entitled is quite something. You exist in a world made possible by capitalism, a world where billions have been lifted out of extreme poverty, where multiple diseases have been eradicated, where the technology to make this conversation happen exists.
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  378. @Albert Whisker "Capitalism is a system defined by private ownership of the means of production." Correct. "It's literally, like in that's what the word implies, literally the rule of capital or those who own capital." Incorrect. Ownership of property does not equal rule over others. "Don't make the mistake of assuming that economic systems are NOT political." Political systems that include capitalism as the economic system run the gamut from anarchy (though left anarchists will complain about using that term) all the way to absolute dictatorships. Simply saying that a country is capitalist tells you nothing about its politics. "And capital gain is taxed less than gains from work" Specifically, long term capital gains, supposedly to encourage investing. Hey though, if you want to simplify the tax code down then that's fine by me. "Warren Buffet has a lower tax rate than his secretary" The top 1% pays more in federal income tax than the bottom 90% combined. "Also given that companies are technically legal entities those "individuals" also need to pay their fair share." Corporate taxes are a thing already. This amounts to double taxation, but yeah, it exists. "you aka "the mob" from making meaningful decisions for yourself" I am not "the mob." I am individual, I am very much glad that I don't live under mob rule. The founding fathers limited democracy for a very good reason. I make meaningful decisions for myself all the time. I decide where I live. I decide where I work. I decide what I buy, who I spend time with, what my hobbies are, etc. The majority of the things people do in life are decided by them. "But the point is whether they agree with that or don't agree with that doesn't make a difference unless they actually do something about it. From public protest, to elections, to revolutions, demanding accountability or pretty much anything." Correct, and the people who agree with capitalism are going to vote against you and would resist a revolution. Like I said, keep ignoring them and you'll just keep losing.
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