Capitalism and Socialism: Crash Course World History #33

Capitalism and Socialism: Crash Course World History #33


Hi, I’m John Green, this is Crash Course World
History, and today we’re going to talk about capitalism. Yeah, Mr. Green, capitalism just turns men
into wolves. Your purportedly free markets only makes slave of us all.. Oh god Stan, it’s me from college. Me from
the past has become me from college. This is a disaster! The reason he’s so unbearable,
Stan, is that he refuses to recognize the legitimacy of other people’s narratives. And
that means that he will never ever be able to have a productive conversation with another
human in his entire life. So listen, me from the past. I’m gonna disappoint
you by being too capitalist. And I’m gonna disappoint a lot of other people by not being
capitalist enough. And I’m gonna disappoint the historians by not using enough jargon.
But what can I do? We only have twelve minutes! Fortunately, capitalism is all about efficiency. So let’s do this, me from college: Randy [Ransom]
Riggs becomes a best-selling author, Josh Radnor stars in a great sitcom, it is NOT
going to work out with Emily, and do NOT go to Alaska with a girl you’ve known for ten
days. Okay, let’s talk capitalism. So capitalism is an economic system, but it’s
also a cultural system. It’s characterized by innovation and investment to increase wealth.
But today, we’re going to focus on production and how industrial capitalism changed it.
Stan, I can’t wear these emblems of the bourgeoisie while Karl Marx himself is looking at me,
it’s ridiculous. I’m changing! Very hard to take off a shirt
dramatically. So let’s say it’s 1200 CE and you’re a rug
merchant. Just like merchants today, you sometimes need to borrow money in order to buy the rugs
you want to resell at a profit, and then you pay that money back, often with interest,
once you’ve resold the rugs. This is called mercantile capitalism, and it was a global
phenomenon, from the Chinese, to the Indian Ocean trade network, to Muslim merchants who
would sponsor trade caravans across the Sahara. But by the 17th century, merchants in the
Netherlands and in Britain had expanded upon this idea to create joint stock companies.
Those companies could finance bigger trade missions and also spread the risk of international
trade. But the thing about international trade is that sometimes boats sink or they get taken
by pirates, and while that’s bad if you’re a sailor because, you know, you lose your
life, it’s really bad if you’re a mercantile capitalist because you lost all your money.
But if you own one-tenth of ten boats, your risk is much better managed. That kind of
investment definitely increased wealth, but it only affected a sliver of the population
and it didn’t create a culture of capitalism. Industrial capitalism was something altogether
different, both in scale and in practice. Let’s use Joyce Appleby’s definition of industrial
capitalism: “An economic system that relies on investment of capital in machines and technology that
are used to increase production of marketable goods.” So imagine that someone made a Stan machine
(by the way Stan, this is a remarkable likeness) and that Stan machine could produce and direct
10 times more episodes of Crash Course than a human Stan. Well, of course, even if there
are upfront costs I’m going to invest in a Stan machine so I can start cranking out 10
times the knowledge – Stan, are you focusing on the robot instead of me? I AM THE STAR
OF THE SHOW. Stanbot, you’re going behind the globe. So when most of us think about capitalism,
especially when we think about its downsides – long hours, low wages, miserable working
conditions, child labor, unemployed Stans – that’s what we’re thinking about. Now admittedly,
this is just one definition of industrial capitalism among many, but it’s the definition
we’re going with. All right, let’s go to the Thought Bubble.
Industrial capitalism developed first in Britain in the 19th century. Britain had a bunch of
advantages – it was the dominant power on the seas, and it was making good money off
its trade with its colonies, including the slave trade; also, the growth of capitalism
was helped by the half-century of civil unrest that resulted from the 17th century English
Civil War. Now, I’m not advocating for civil wars or
anything but in this particular case it was useful because before the war, the British
crown had put a lot of regulations on the economy: complicated licenses, royal monopolies,
etc. But during the turmoil it couldn’t enforce them, which made for freer markets. Another factor was a remarkable increase in
agricultural productivity in the 16th century. As food prices started to rise, it became
profitable for farmers, both large and small, to invest in agricultural technologies that
would improve crop yields. Those higher prices for grain probably resulted from population
growth, which in turn was encouraged by increased production of food crops. A number of these agricultural improvements
came from the Dutch, who had chronic problems feeding themselves, and discovered that planting
different kinds of crops, like clover, that added nitrogen to the soil and could be used
to feed livestock at the same time, meant that more fields could be used at once. This
increased productivity, eventually brought down prices, and this encouraged further innovation in
order to increase yield to make up for the drop in prices. Lower food prices had an added benefit: since
food cost less and wages in England remained high, workers would have more disposable income,
which meant that if there were consumer goods available, they would be consumed, which incentivized
people to make consumer goods more efficiently, and therefore more cheaply. You can see how
this positive feedback loop leads to more food, and more stuff, culminating in a world
where people have so much stuff that we must rent space to store it, and so much food that
obesity has become a bigger killer than starvation. Thanks, Thought Bubble. So this increased productivity also meant
that fewer people needed to work in agriculture in order to feed the population. To put this
in perspective, in 1520, 80% of the English population worked the land. By 1800, only
36% of adult male laborers were working in agriculture, and by 1850, that percentage
had dropped to 25. This meant that when the factories started
humming, there were plenty of workers to hum along with them. Especially child laborers.
So far all this sounds pretty good, right? I mean, except for the child labor – who wouldn’t
want more, cheaper food? Yeah, well, not so fast. One of the ways the British achieved all this
agricultural productivity was through the process of enclosure, whereby landlords would
reclaim and privatize fields that for centuries had been held in common by multiple tenants.
This increased agricultural productivity, but it also impoverished many tenant farmers,
many of whom lost their livelihoods. Okay, for our purposes capitalism is also
a cultural system, rooted in the need of private investors to turn a profit. So the real change
needed here was a change of mind. People had to develop the capitalist values of taking
risks and appreciating innovation. And they had to come to believe that making an upfront
investment in something like a Stan Machine could pay for itself and then some. One of the reasons that these values developed
in Britain was that the people who initially held them were really good at publicizing
them. Writers like Thomas Mun, who worked for the English East India Company, exposed
people to the idea that the economy was controlled by markets. And other writers popularized
the idea that it was human nature for individuals to participate in markets as rational actors. Even our language changed: the word “individuals”
did not apply to persons until the 17th century. And in the 18th century, a “career” still
referred only to horses’ racing lives. Perhaps the most important idea that was popularized
in England was that men and women were consumers as well as producers and that this was actually
a good thing because the desire to consume manufactured goods could spur economic growth.
“The main spur to trade, or rather to industry and ingenuity, is the exorbitant appetite
of men, which they will take pain to gratify,” so wrote John Cary, one of capitalism’s cheerleaders,
in 1695, and in talking about our appetite, he wasn’t just talking about food. That doesn’t
seem radical now, but it sure did back then. So here in the 21st century it’s clear that
industrial capitalism – at least for now – has won. [Aside to Marx] Sorry buddy, but you know,
you gave it a good run. You didn’t know about Stalin. But capitalism isn’t without its problems,
or its critics, and there were certainly lots of shortcomings to industrial capitalism in
the 19th century. Working conditions were awful. Days were long, arduous, and monotonous.
Workers lived in conditions that people living in the developed world today would associate
with abject poverty. One way that workers responded to these conditions was by organizing
into labor unions. Another response was in many cases purely theoretical: socialism,
most famously Marxian socialism. I should probably point out here that socialism
is an imperfect opposite to capitalism, even though the two are often juxtaposed. Capitalism’s
defenders like to point out that it’s “natural,” meaning that if left to our own devices, humans
would construct economic relationships that resemble capitalism. Socialism, at least in
its modern incarnations, makes fewer pretenses towards being an expression of human nature;
it’s the result of human choice and human planning. So, socialism, as an intellectual construct,
began in France. How’d I do, Stan? Mm, in the border between Egypt and Libya. There were two branches of socialism in France,
Utopian and revolutionary. Utopian socialism is often associated with Comte de Saint Simon
and Charles Fourier, both of whom rejected revolutionary action after having seen the
disaster of the French Revolution. Both were critical of capitalism and while
Fourier is usually a punchline in history classes because he believed that, in his ideal
socialist world, the seas would turn to lemonade, he was right that human beings have desires
that go beyond basic self interest, and that we aren’t always economically rational actors. The other French socialists were the revolutionaries,
and they saw the French Revolution, even its violence, in a much more positive light. The
most important of these revolutionaries was Auguste Blanqui, and we associate a lot of
his ideas with communism, which is a term that he used. Like the Utopians, he criticized
capitalism, but he believed that it could only be overthrown through violent revolution
by the working classes. However, while Blanqui thought that the workers
would come to dominate a communist world, he was an elitist. And he believed that workers
on their own could never, on their own, overcome their superstitions and their prejudices in
order to throw off bourgeois oppression. And that brings us to Karl Marx, whose ideas
and beard cast a shadow over most of the 20th century. Oh, it’s time for the Open Letter?
An Open Letter to Karl Marx’s Beard. But, first, let’s see what’s in the secret
compartment today. Oh, robots. Stan Bots! Two Stan Bots, one of them female! Now I own
all the means of production. You’re officially useless to me, Stan. Now, turn the camera
off. Turn the ca– I’m going to have to get up and turn the camera off? Stan Bot,
go turn the camera off. Hey there, Karl Marx’s beard. Wow, you are intense. Karl Marx, these days
there are a lot of young men who think beards are cool. Beard lovers, if you will. Those
aren’t beards, those are glorified milk mustaches. I mean, I haven’t shaved for
a couple weeks, Karl Marx, but I’m not claiming a beard. You don’t get a beard by being lazy, you
get a beard by being a committed revolutionary. That’s why hardcore Marxists are literally
known as “Bearded Marxists.” These days, that’s an insult. But you know what, Karl
Marx, when I look back at history, I prefer the bearded communists. Let’s talk about
some communists who didn’t have beards: Mao Zedong, Pol Pot, Kim Jong-il, Joseph freakin’
Stalin with his face caterpillar. So, yeah, Karl Marx’s beard, it’s my great
regret to inform you that there are some paltry beards trying to take up the class struggle
these days. Best Wishes, John Green Although he’s often considered the father
of communism, because he co-wrote The Communist Manifesto, Marx was above all a philosopher
and a historian. It’s just that, unlike many philosophers and historians, he advocated
for revolution. His greatest work, Das Kapital, sets out to
explain the world of the 19th century in historical and philosophical terms. Marx’s thinking
is deep and dense and we’re low on time, but I want to introduce one of his ideas,
that of class struggle. So, for Marx, the focus isn’t on the class,
it’s on the struggle. Basically Marx believed that classes don’t only struggle to make
history, but that the struggle is what makes classes into themselves. The idea is that
through conflict, classes develop a sense of themselves, and without conflict, there
is no such thing as class consciousness. So, Marx was writing in 19th century England
and there were two classes that mattered: the workers and the capitalists. The capitalists
owned most of the factors of production (in this case, land and the capital to invest
in factories). The workers just had their labor. So, the class struggle here is between
capitalists, who want labor at the lowest possible price, and the workers who want to
be paid as much as possible for their work. There are two key ideas that underlie this
theory of class struggle. First, Marx believed that “production,” or work, was the thing
that gave life material meaning. Second, is that we are by nature social animals. We work
together, we collaborate, we are more efficient when we share resources. Marx’s criticism of capitalism is that capitalism
replaces this egalitarian collaboration with conflict. And that means that it isn’t a
natural system after all. And by arguing that capitalism actually isn’t consistent with
human nature, Marx sought to empower the workers. That’s a lot more attractive than Blanqui’s
elitist socialism, and while purportedly Marxist states like the USSR usually abandon worker
empowerment pretty quickly, the idea of protecting our collective interest remains powerful.
That’s where we’ll have to leave it for now, lest I start reading from The Communist
Manifesto. But, ultimately socialism has not succeeded
in supplanting capitalism, as its proponents had hoped. In the United States, at least,
“socialism” has become something of a dirty word. So, industrial capitalism certainly seems
to have won out, and in terms of material well-being and access to goods and services for
people around the world, that’s probably a good thing. Ugh, you keep falling over. You’re a great
bit, but a very flimsy one. Actually, come to think of it, you’re more of an 8-bit. But how and to what extent we use socialist
principles to regulate free markets remains an open question, and one that is answered
very differently in, say, Sweden than in the United States. And this, I would argue, is
where Marx still matters. Is capitalist competition natural and good,
or should there be systems in place to check it for the sake of our collective well-being?
Should we band together to provide health care for the sick, or pensions for the old?
Should government run businesses, and if so, which ones? The mail delivery business? The
airport security business? The education business? Those are the places where industrial capitalism
and socialism are still competing. And in that sense, at least, the struggle continues.
Thanks for watching, I’ll see you next week. Crash Course is produced and directed by Stan
Muller. Our script supervisor is Danica Johnson. The show is written by my high school history
teacher, Raoul Meyer and myself. We’re ably interned by Meredith Danko. And our graphics
team is Thought Bubble. Last week’s phrase of the week was “the
TARDIS,” so you can stop suggesting that now! If you want to suggest future phrases
of the week or guess at this week’s, you can do so in comments, where you can also
ask questions about today’s video that will be answered by our team of historians. Thanks for watching Crash Course, and as we
say in my hometown, Don’t Forget To Be Awesome. All right, Stan, bring the movie magic…
Yes!

100 Comments

  • Bill OfRights says:

    Socialism like Sharia law is antithetical to the United States Constitution, which very strictly limits federal activity. Violation of the Constitution is a felony. Federal drift from
    constitutional boundaries has invited corruption, sunk the nation in debt, and attenuated the liberty of the American people.

  • stardust dragon says:

    The educational system is completely taken over by COMMUNISM and has been for a long time now. That's why these college kids are so damn brainwashed and lack any common sense and are incapable of thinking on their own.

  • Andrea Scacchi says:

    Green praise socialism
    also Green this machine kills fascists
    dude… coherence..
    you praise socialism but you despise nationalsocialism (that's what german nazism and italian fascism were…) fascism in italy was pretty socialist.
    The only fascist dictatorship i know that was not socialist is Pinochet. He was an hardcore neoliberal.. I wonder why they call it fascist..
    But at least people did not starved in Fascist italy 😀 (before the war at least)
    Can't say the same in every socialist state ever!
    … xD

  • Hombre Pobre says:

    i watch the rush hour movie of jackie chan and i hated his black partner, you know why? because he talk too much nonsense like you thumps down

  • hermitcraft fan says:

    Cash corce.

  • Michael Duran says:

    8k communist disliked this video

  • Dindin Dinis says:

    Failed? As in Josip Broz Tito, who united Serbs, Bosnians, Macedonians, Albanians, Slovenians, Croatians didnt work untill he died?

  • Dindin Dinis says:

    I would like to suggest that a mix of capitalism, socialism and dictatorship (under the right ruler and his advisors) would be the best. Thanks

  • scotlandw8 says:

    Did he just say he preferred Che Guevara? Jesus.

  • PISTOLWHIPTECHIES says:

    I was really hopi g to find something I could listen to at work. This is too annoying tho

  • QNTKKA says:

    No.
    You are wrong from the start.
    Capitalism is a socialist slur against the Free Market.

  • Aurelien Guillou says:

    stop talking so fast

  • Roldan Robledo, Jr. says:

    I could not understand most of what you said because you spoke too fast for me to understand. Will you please slow down your speech. Thank you.

  • Tom McMorrow says:

    As someone who spent 2008 to 2011 as a modern day hippie stoner and somehow turned into a preppy capitalism-loving finance grad by 2018, I can relate to both "John from college" and "John with blazer".

  • Ariana Lebord says:

    “…shortcomings of industrial capitalism: child labor, working conditions were awful, days were long, arduous and monotonous, workers lived in abject poverty…” lol no big deal

  • TomMe says:

    I still can't believe that you didn't even mention Adam Smith

  • CyloTM says:

    flowey was here before undertale even came out 😮

  • Nani Shanelli says:

    Clovers add nitrogen to the soil… Wow I learned something new today!

  • NCG says:

    Everyone of them have good parts. We need to create a system that takes the good parts of each ism. And ensure we put regulator that allows the people to investigate and press against the people in power who abuse their authority.

  • raseullant says:

    Are you sure you're not Snowden?

  • Alejandro Hernandez says:

    his show is like blue´s clues

  • Robert Sosa says:

    There was child labor on farms too!

  • Nicholas Alba says:

    "Now that I'm rich I'm going to disappoint you all by explaining why capitalism is good" lmao.

  • Truth Hurts says:

    The definition of the word Conundrum is: something that is puzzling or
    confusing. Here are six Conundrums of socialism in the United States of
    America: 1. America is capitalist and greedy – yet half of the
    population is subsidized. 2. Half of the population is subsidized – yet
    they think they are victims. 3. They think they are victims – yet their
    representatives run the government. 4. Their representatives run the
    government – yet the poor keep getting poorer. 5. The poor keep getting
    poorer – yet they have things that people in other countries only dream
    about. 6. They have things that people in other countries only dream
    about – yet they want America to be more like those other countries.
    Think about it! And that, my friends, pretty much sums up the USA in the
    21st Century. Makes you wonder who is doing the math. These three,
    short sentences tell you a lot about the direction of our current
    government and cultural environment: 1. We are advised to NOT judge ALL
    Muslims by the actions of a few lunatics, but we are encouraged to judge
    ALL gun owners by the actions of a few lunatics. Funny how that works.
    And here's another one worth considering? 2. Seems we constantly hear
    about how Social Security is going to run out of money. But we never
    hear about welfare or food stamps running out of money ! What's
    interesting is the first group "worked for" their money, but the second
    didn't. Think about it…..and Last but not least : 3. Why are we
    cutting benefits for our veterans, no pay raises for our military and
    cutting our army to a level lower than before WWII, but we are not
    stopping the payments or benefits to illegal aliens.

  • Michael Crenshaw says:

    “Although it’s bad if you’re a sailor because you lose your life, it’s really bad if your a merchant because you lost all your money.”
    1:54

    Am I the only one who thinks that there is something wrong with that statement

  • UK Night Hunting Vision says:

    Socialists are known for their lack of honesty in seeking the truth; these individuals like BDS believe that the propagated lie based on a lie is the Truth! They believe this because the masses they are supplying such 'Truths' too neither educate themselves and base their opinions on emotional response to pretty videos and pictures that are fictional in content.  Remember with Socialism the 'Propagated lie, based on a lie, is the Truth!

  • Corina Cruz says:

    Socialism: Only system that requires rich people to work. What happens when they take all the money from the rich?

  • KnineKills says:

    Actually they’re 16 bit

  • David M. Evans says:

    Under socialism LeBron James, Tom Cruise, Mark Zuckerberg, Jeff Bezos, would all make the same as the garbage collector… Get it now?? 🤯🤯

  • thechaotictruthchannel says:

    By reeding the comments, it seams no won actually learneded anything from this.

  • C Conroy says:

    What is this need to converse? If things are working for you, why seek out other ways? If things arent working for you, why get upset when others suggest an alternative? Also Im wondering if our definitions of fascists match.

  • M Luminoth says:

    Category: …

    Wait, I'm gonna need extra strength quotation marks

    "EDUCATION"

  • Angel Dust says:

    Can you slow down a bit when you speak please?

  • Anthony E Huggins Jr says:

    Who gets to decide what socialist programs we accept and don't except? The fact is that we have plenty of free market security firms who would love to provide our military needs yet we continue to use the socialist style of military system that is provided by the state. So, who gets to decide when socialism is bad and when it is good?

  • wwwdots says:

    capitalism = maximize productivity, not efficiency. under the dictatorial governing system, their focus is efficiency but at the cost of growth/productivity.

  • Giana Dhillon says:

    Capitalism is all about efficiency. LOL

  • Ted Phillips says:

    Yes, just ignore how Marx's ideas have economically devastated the entire continent of South America.

  • Negrodamus says:

    Capitalism strives to keep a balance between those who don't work and those who do, with keeping more people working obviously. In a few years when they're are more retirees than people working will they be cutting social security and Medicare or will they just means test it?

  • musicmansuperman says:

    Seven years later socialism has become wildly popular thanks to the left.

  • raqFarha says:

    the missing problem with capitalism from this list is that it depends on infinite growth on a finite planet

  • WayTooAddictedToFandoms says:

    When you have to watch this as part of an assignment for a college class😂😂 Probably one of the most enjoyable assignments I've ever been given.

  • Nims says:

    i recommend lowering the speed to 0.75 for those who have more than 12 mintues

  • Batman Vigilante says:

    capitalism is the freedom to buy and sell any amount of anything you want to or from anyone you want, otherwise it is NOT capitalism.

  • N 0178 says:

    bernie2020

  • leondustar says:

    2:50 lol 🤣

  • Colm Lafferty says:

    Quite hard to even find the basically explanations through the fact that you are intensely annoying.

  • meer elmeer says:

    John Green? The writer??

  • Hadi Ataeian says:

    I love Marx Because he really told the truth without any doubt…

  • Marissa M says:

    I love this intro!!!!!

  • Pat McRotch says:

    Socialism is like a rat trap. By the time you find out why the cheese is free, it's too late.

  • K T says:

    Wouldn’t it be awesome if your doctor that spent 12 years of intense schooling and learning made the same as the cashier at your local McDonald’s?

  • Cowie Thomas says:

    "Murkntile" ? This man is off his nuts. 😏

  • QQminusS says:

    Karl Marx was a self-hating Jew. Many of his ideas produced the framework for Hitler’s campaign platform. German socialism differed from Russian socialism in that its curators considered themselves German. Total economic rationality aligns with the human condition. Anyone else is a liar.

  • JLHartsock the Conqueror says:

    Do not go to alaska with a girl you have known for 10 days? I thought that was common sense. Also why?

  • Flower Child Draws says:

    I live for the open letter

  • Jacob Grubb says:

    Whose here because the dems are turning America into a socialist government

  • Beta says:

    Too fast. Not funny.

  • CommunistPropagandaMusic says:

    Socialism is good capitalism is bad

    Cooperation is righteous, competition is evil

    Working for progress is honorable, working for money is shameful

  • เบรพ หงษ์ชาติ says:

    Please​ put​ Thai​languages

  • Rajeev Samuel says:

    marxism is the DUMBEST idea of the west

  • Arthur Heidt says:

    75% or brits will work the land again after brexit

  • Isidro Meza says:

    Don't waste your time watching this crack head yell every 8 seconds in this video..

  • F MD says:

    I didn’t understand anything.

  • M. Low says:

    Capitalism only works if you live in a country where there are immigrants for you to take advantage of, if not you will be considered a tyrant or a dictator.
    Countries that do well with capitalism typically have problems with racism, for instance the United States. With the people who currently control America capitalism would not work in a fair world because the people who are currently in control with no longer be in control therefore that's why you experience racism, discrimination. That's why I personally believe America will soon push for socialism by the people who are against it if America or the world becomes are for all they will have no choice to push for socialism. Because in a fair World God's truly chosen people would be the victors, the people that don't run from the Sun that a perfect God made. The dominant not the recessive. Hits the Great White Hope Donald Trump here to save the day. The Last Hope For America before she becomes socialist country.

  • Just a kid It can’t be blank says:

    See but you from the past was right

  • Masse Kakero says:

    Are u doing John Oliver !!!!

  • Masse Kakero says:

    Dude go get some health insurance 🙂 😂😂😂😂😂😂😎😎😍😍😍😍😍😍🖖🖖🖖🖖🖖🖖🖖

  • Василий Михалев says:

    The truth is that the owner always sets the minimum wage. The speculator profits from nothing. And workers pay all bills. All this is Capitalism. Only a worker’s dream of unrealizable wealth allows this system to work. The rich get richer, the poor get poorer. USA, Russia, Germany, Sweden any country.

  • moe amrani says:

    Dude your acting ruins it, talk like a normal person it would be much better.

  • Phillip Johnson says:

    Socialism and equality — it's a trap!

  • Maria Del Valle says:

    'this machine kills fascists' Radiohead fan?

  • Brent Pilgrim says:

    Please do centerism

  • Andosier says:

    We need to talk about modern problems, such as child unemployment

  • Phillip Johnson says:

    Socialism fails…in their world the fight is who gets to make the rules, not what is the rule. That's a key point because to the Left they don't care about rules they will change them whenever it suits them.

  • Jacob Drum says:

    Kropotkin’s beard

  • Bobist says:

    Communism

  • Vincent Fretz says:

    Although, Canada is Democratic Socialist, which is pretty nice, and I love my free healthcare. The states needs this.

  • Prachurjya Pradip says:

    Here come the reactionaries!

  • farmerbob96 says:

    I think what Marx, C Wright Mills and others miss is that class, status and power exist in every strata and grouping that humans form. Marx and Mills put forth that without the individuals that have formed some kind of "collective effort entity" of the bourgeois, class, status and power would not exist and that is simply not true. Research into tribal structures always shows hierarchies. Go to any place that humans gather and their will always be hierarchies, even if it is not stated or acknowledged they are there. Just go and research why most hippie communes fail (drugs, orgies, politics). Marx, i've been told, is also the guy that started this "all war is started by religion" nonsense .
    Bias: I don't really support either system as i've seen the stuff the do that's bad but have no idea what's better

  • Bakugo Katsuki says:

    After watchin European history he seems to be talking two times faster

  • Darth Vader says:

    Socialists want to eliminate wealth. Capitalists want to eliminate poverty.

  • Deion Ford says:

    You told us what capitalism is however you did not teach us anything about socialism besides who came up with the idea.

  • Abhishek Kwatra says:

    you talk friggin fast. slow down man

  • JENNIFER FLORES says:

    i feel so smart now

  • Daniel Lovell says:

    "In the United States, socialism has become a dirty word." ~ 2012. Haha, how quaint you were, 2012.

  • Tonei Raiszh says:

    Woaaahhhhh! Will u slow down there

  • Max Truman says:

    im eating a banana

  • 德州庭长 says:

    Unfortunately you speech is so fast , we can't find important points.

  • Aditya Awale says:

    But that stan machine caused global worming and now the owner will not slow dont the production lol so communism has a valid point

  • Dougie Quick says:

    These terms only become dirty when one turns them like into a religious idea ….a"thing" to be specifically bowed down to worshipped as an entity or something. Capitalism is just natural DUHH where someone realizes they have an in demand product and so they buckle down and meet the need. It could be raising sheep or making shovels. it does not matter if people are pounding on your door "PLEASE sir I NEED what you have" then one could argue it almost becomes criminal Not to help them (and yourself) out …not everyone can make shovels or raise sheep.
    In a similar way socialism is occurring the moment people get together and come up with ways everyone can share a common goal …..building and maintaining community roads for example is total socialism if you ask me ….everyone agrees that the property the roads are built on belong to EVERYONE and everyone can use and benefit from them and everyone shares the financial burden to maintain/improve/expand them….I suppose a radical capitalist might ONLY want the roads to belong to privately held companies or individuals but seriously though how often is that even going to be possible not to mention how wrong it might go if the person in control becomes mentally askewe ….I mean EVERYONE needs the roads to be a known reliable quantity!

    Obviously then something's are more given to be the collective efforts of everyone and other things benefit so much by competition and free market. Would we REALLY want police and military to be privatized for profit business ventures??? I think that is why healthcare is such a sensitive topic …..there is a shitload of MONEY to be made on healthcare but SHOULD the whole thing be money making Enterprise where quality healthcare is ONLY for folks with money? Or roads ONLY for folks with money? I mean mostly everyone starts out with nothing…and it is in our youth that our bodies are prime for making all those ESSENTIALLY VITAL babies society HAS TO maintain a constant new supply of! Healthcare HAS to be within reach of young families! EVEN in between jobs etc! SOME level of socialized health Care therefore IS mandatory no matter how you lean! What I see happening in the US is people who don't have the means finally going to an ER where face it they DON'T PAY! Everyone ELSE pays somehow…OF COURSE WE DO! But this stubborn mindset "ONE WAY" just stops any kind of sensible solution from being implemented! SOME form of socialized medicine is ABSOLUTELY required! If not an actual system then it will stay the screwed up way it is…inefficient STUPID! How hard would it be or how much could it possibly cost to have FREE to ALL socialized clinic level healthcare?? Clinics EVERYONE ANYONE could just walk into and get antibiotics for an ear infection or a sprained ankle wrapped or a cut sutured etc?? Cause right now people without means waltz into the ERs coast to coast to coast and get service ANYWAY which ONLY people with means using the hospital wind up paying for! How unfair is THAT? If clinic level was free EVERYONE could use it for minor stuff with would LOWER hospital costs! But can anyone even talk about such a DUHH answer? NO because everything is all black or white and no in between STUPID

  • Dougie Quick says:

    Sinking trade boats is WONDERFUL for capitalism! IF you are selling insurance

  • Confédération du Rhin says:

    Work everyday for their bosses and think themselves as masters, work everyday for their bosses and think themselves as masters that's the difference between communism and capitalism.

  • Ahmed Shareef says:

    Wow! Funny first one minute!
    Let’s see the rest.

  • Peter Hedlöf says:

    Its another noncens video. We live in a capitalistic world but DO you really think that 1% should own THE globe based on capital?? Dont you think we need public places free air,water,Snow,rain?? Becuse My raindrops that i bought last year has Been stolen by Navy Seals.

  • saladsnowflakes says:

    This guy snorts adderall

  • Jawad Abdullah says:

    Why u r so fast?

  • Connor Furniaux says:

    Play this video on 2x speed 😂

  • kwik440 says:

    Great video.. thank you !

  • Chaos Primordial says:

    America used to be Socialism a dark past that we should not repeat we shouldn't even have Thanksgiving because Thanksgiving is a Socialist Holiday.

  • Nicola Andrews says:

    U talkso fast… hard to follow at times

Leave a Reply

Your email address will not be published. Required fields are marked *