Hist of Capital 1: What is Capitalism?

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  • Опубліковано 15 січ 2023
  • A short introduction based on the work of Dr. Carol E. Heim.
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    #WhatIsCapitalism #CapitalismExplained #PakistanFinance #PakistanDevelopment #PakistanMonetaryPolicy #PakistanEconomics

КОМЕНТАРІ • 99

  • @felipeandresmartinezmartin1657
    @felipeandresmartinezmartin1657 Рік тому +17

    Please more videos in English, I'm not even native English speaker, I'm Chilean. But your content is so good, I don't want to missed it, thank you btw, keep up the good work 👍🏼

    • @suwaami6704
      @suwaami6704 Рік тому +1

      Este canal es particularmente dedicada por idioma Urdu hablada en Pakistan , entonces Este hombre es intentando enseñar la politica a Gente de país en su idioma . No sé pero no se VA a cambiar en El Ingles por que la moyoría de Gente no pueden entender inglez .
      Ciao❤️

    • @messagevibes
      @messagevibes 18 днів тому

      ​@@suwaami6704 His english channel also exists. Thanks!

    • @messagevibes
      @messagevibes 18 днів тому

      His english channel also exists.

  • @asmahabibullah1552
    @asmahabibullah1552 Рік тому +2

    Your knowledge base is very authentic and thought provoking . Keep moving in this way because it is very important for future labour of future capitalism to rein in the future exploitation .

  • @maheshsoni5051
    @maheshsoni5051 Рік тому +1

    very interesting and explanatory of what capitalism is. The basics of capitalism are well explained.

  • @hamayoonshah1990
    @hamayoonshah1990 Рік тому

    I really enjoy your sessions at SDSB. Please keep the gates open while teaching so that i could listen while studying in my PhD cubicle

  • @humtvful
    @humtvful Рік тому +1

    Sir g please upload your videos as audio podcasts too so we can listen to them on the go too

  • @Shabbar_malik
    @Shabbar_malik Рік тому +1

    Thank you sir!

  • @MegaMindKhan
    @MegaMindKhan Рік тому +1

    More power to you, sir. 😊
    It will be immensely helpful if you could shed light on the role of Lenin, Antonio Gramsci, and Immanuel Wallerstein in the reinterpretation of capitalist system.

  • @MuhammadJamil-ip2xd
    @MuhammadJamil-ip2xd Місяць тому +1

    your lectures are great by the way

  • @anwaralikhan4726
    @anwaralikhan4726 Рік тому +2

    Good lecture sir

  • @Skaahn
    @Skaahn Рік тому +2

    Sir, do you have any servants working for you, like driver, gardener, cook etc? If so then you are a Capitalist too as you say at 8:25

  • @aisarali1524
    @aisarali1524 Рік тому +2

    Aoa sir! Start a lecture series on Das Capital.

  • @zainahmed1994
    @zainahmed1994 Рік тому

    great clarity.

  • @sajjadhussain2813
    @sajjadhussain2813 Рік тому +1

    Nice sir 👍

  • @alabrar2779
    @alabrar2779 Рік тому +2

    Keep going

  • @zubbaloch2191
    @zubbaloch2191 Рік тому

    Sir your lectures are very informative, add fixed date and founder name of theory

  • @Homeopathe
    @Homeopathe Рік тому +1

    Bundle of thanks

  • @umerfayyaz6268
    @umerfayyaz6268 Рік тому +1

    Can you show us an alternative system to labour market that you are suggesting (that exists in modern times)?

  • @zubbaloch2191
    @zubbaloch2191 Рік тому

    Sir kindly make a short lecture on the difference between socialism and Communism

  • @ShabbirAhmad-fu5mx
    @ShabbirAhmad-fu5mx Рік тому +1

    Thanks a lot

  • @nayabkhan8153
    @nayabkhan8153 Рік тому

    Thanks

  • @user-il6ji4kt5m
    @user-il6ji4kt5m 11 місяців тому

    grate sir g

  • @mahtabhailian
    @mahtabhailian Рік тому +4

    If skill and labour will not be sold in market as commodity than what will be the alternate for these skilled workers?

    • @Faraz70
      @Faraz70 Рік тому +2

      This is an excellent point which Communists don't seen to understand.

  • @umerkhyam686
    @umerkhyam686 Рік тому

    Dear sir agr es point py bat kijaye ye garam panyu tk rsaye ka means kia ye propadanga hy

  • @xyz-mp9bp
    @xyz-mp9bp Рік тому

    Wah sir wah

  • @KnowtheKnew10
    @KnowtheKnew10 Рік тому

    What would be called the relation B/W Employer and AI robot?.

  • @drprakashrao8899
    @drprakashrao8899 11 місяців тому

    I am Dr. Prakash C.Rao from india. I was a medical practitioner for 42 years and now I am retired.
    I have been an ardent supporter of Marxist Lenninist Philosophy.
    I am a critic of indian communist movement .
    I have seen you have prepared a lot of videos on ML philosophy. I understand 20% of Urdu hence am not able to catch your valuable points.
    Do you have an English version of your articles?
    It is appreciable that you are spreading the msg of ML philosophy in Pakistan.

  • @mohinderkumar7298
    @mohinderkumar7298 Рік тому +1

    Market is one thing, bazaar another thing.

  • @bananaclub69
    @bananaclub69 Рік тому +1

    I love this guy

  • @mohinderkumar7298
    @mohinderkumar7298 Рік тому +2

    What is market. What is bazaar?
    Read Rajni Bakshi.

  • @changez8098
    @changez8098 Рік тому +1

    How I can join your cause. Regards peace and love from Peshawar 🙏🏻

  • @SHOAIBJAMAL-xm9ut
    @SHOAIBJAMAL-xm9ut Рік тому

    Kindly discuss about "how old rental system"

  • @pakistaniabroad515
    @pakistaniabroad515 Рік тому

    Sir what about Shariyat? Shariy nizam?

  • @ajmalkakar2062
    @ajmalkakar2062 7 місяців тому

    Sir kiyaa communism or capitalisms ek 7 ayye..

  • @bananaclub69
    @bananaclub69 Рік тому

    I wish we had someone like you in Pashto to further the cause of socialism

    • @FlyboyOvi
      @FlyboyOvi Рік тому

      brother don't get fooled into thinking socialism is paradise. Ask a person who has lived in a socialist country. This man is completely deluded of his understanding of capitalism. Tell me one socialist country you would like to live in, North korea? venezuela ? or maybe Cuba? they are shit hole countries run by tyrants and force socialism on their people and themselves live like kings.

  • @tariqfate9350
    @tariqfate9350 Рік тому

    good video

  • @tahiraziz9168
    @tahiraziz9168 Рік тому +2

    shukrya shukrya shukrya shukryA shukrya shukrya shukrya shukryA shukrya shukrya shukrya shukryA shukrya shukrya shukrya shukryA shukrya shukrya shukrya shukryA

  • @khaany888
    @khaany888 Рік тому

    nice

  • @sarfrazsae9226
    @sarfrazsae9226 6 місяців тому

    Client and investor is belong to two party system like man and women, sun and earth, ruling party and opposition etc so without of client, the investor can not adjust himself according to demsnd and supply. In case if someone buy machines and labor togather then that is not client and investor concept. So you have investor on one hand who is able to put is money, property, building etc or provide machine, its installation, building, license, while client can put his skill, labor etc for half and half profit while fuel also divided in half and half.

  • @asmahabibullah1552
    @asmahabibullah1552 Рік тому +1

    The richest 1% are not paying even half of their income taxes . The only problem is political-business class nexus that is impeding the regulating role of governments in markets and markets have now become the domain of capitalists .

  • @munnashah1195
    @munnashah1195 Рік тому

    Can you give lectures how to make more money to have better standard of living? And how to make capacity to make more competitive products to increase exports? How to deliver and expect better quality of service in any organization of our country and what mindset is needed to deliver good service? Teach this instead of teaching 100 more ways to increase poverty in already poor country.

  • @MuhammadJamil-ip2xd
    @MuhammadJamil-ip2xd Місяць тому +1

    sir ye merchant of venice novel nahi play hai Shakespeare kaa.

    • @Taimur_Laal
      @Taimur_Laal  Місяць тому +1

      Yes you are right. Slip of the tongue. It was one of my favourite plays growing up.

  • @KhanG-ug4sn
    @KhanG-ug4sn Рік тому

    dr sahab ap capitalism aur scoialism ko explain to krtay lakin kabi solution nahi batatay matlab agar labour apna skill market may naa baichay aur socialism ho to wo kaha skill baichaig? 1 doctor ko agar socialism may same benifts milrae ho jo ak unskill ya small skill labour k too koe phd,mbbs q kraiga sab mil bant k ash krangay?

  • @Sultanmeer878
    @Sultanmeer878 6 місяців тому

    Sir i want you to teach every subject for my exams.

  • @shehanshahmuhammedarqam44
    @shehanshahmuhammedarqam44 Рік тому +1

    Sir please can u explain in some future videos that how America being capitalist society is such a successful state in the 21th century?

    • @Faraz70
      @Faraz70 Рік тому

      Not only US but all Capitalist countries, because Capitalism works. The laborers and farmers (mazdoor aur kisaan) are well paid and very productive. In many big cities the plumbers make equal or more than doctors. You will never see any Capitalist country where mazdoor and kissan are revolting against Capitalism. Communism failed misrebly, just look at USSR, North Korea, Cuba. Even China realized that Communism doesn't work and quickly adapted to diluted form of Capitalism.

    • @gumundurbenediktsson8379
      @gumundurbenediktsson8379 Рік тому

      @@Faraz70 aur chaat

  • @lernfun3573
    @lernfun3573 Рік тому

    Shakespeare never wrote Novel😃 it is Shakespeare's drama" the merchant of Venice"

  • @emamdad9163
    @emamdad9163 Рік тому +18

    plz tell us why communism or socialism failed to replace Capitalism. Thanks.

    • @morphingfaces
      @morphingfaces Рік тому +6

      Maybe it's because worker ownership of the means of production has been brutality snuffed out whenever it emerges because it is in the interests of the owners of capital to maintain dominance and systems of violence and exploitation they benefit from at the expense of the natural world and basic human rights

    • @Faraz70
      @Faraz70 Рік тому +3

      Very simple. Capitalism works and Communism does not. Whatever works, will be widely adopted by every one. Communism was tried but it failed misrebly.

    • @morphingfaces
      @morphingfaces Рік тому

      @@Faraz70 works for already grotesquely wealthy people while actively fucking over the rest of us and the future of the planet

    • @omairkhan8084
      @omairkhan8084 Рік тому +1

      I'd recommend you to read the book "The Jakarta Method" by an American journalist Vincent Bevins who has worked in The Washington Post, Financial Times and the Los Angeles Times. It would help you clear out many of your doubts regarding the "triumph" of capitalism over communism.

    • @zexploregalaxy
      @zexploregalaxy Рік тому

      Yes

  • @armedconflicts357
    @armedconflicts357 Рік тому +5

    All animals are equal but some animals are more than equal (George Orwell)🤣

    • @Taimur_Laal
      @Taimur_Laal  Рік тому +5

      He worked for the MI5: www.spyculture.com/george-orwell-mi5-and-special-branch-files/

    • @MegaMindKhan
      @MegaMindKhan Рік тому +2

      Only if people knew that George Orwell was no different than Joseph Goebbels 😏

    • @Ahmad-jb2ex
      @Ahmad-jb2ex Рік тому

      ​@@Taimur_Laal Why is having a labor market exploitative...at least in this video you haven't elaborated on this... secondly, employing people for wages did exist before industrialization as well and this concept is known in Islamic terminology as ijarah... How do you differentiate between the labor markets of today with those of precapitalist era...does the difference lie in the possibility of mass employment and concentration of ownership in a few hands...if so when someone says they are anti-capitalist they are saying we are against this system of mass employment of labor and concentration of ownership in a few hands...

  • @EnglisGrammar
    @EnglisGrammar Рік тому +4

    Taimur Sir,
    What is the relationship between Capitalism amd Democracy?
    What is the alternative of Capitalism? And what are the possibilities of its occurrence?

  • @nawabzadazafaralikhan9656
    @nawabzadazafaralikhan9656 Рік тому

    There should be a mix of systems. No capitalism no communism.

  • @Bercha07
    @Bercha07 Рік тому

    Wow

  • @geekybasilempire6874
    @geekybasilempire6874 Рік тому +2

    I love capitalism 💚💚💚💚

  • @imiikhan
    @imiikhan Рік тому

    🖤🖤

  • @muhammadwaseemsajjadkhan8912
    @muhammadwaseemsajjadkhan8912 3 місяці тому

    Labour proportional to Market
    Exchange of both is capitalism.

  • @m_suhaibakbar
    @m_suhaibakbar Рік тому

    👍👍

  • @oiiiiiiiii3334
    @oiiiiiiiii3334 Рік тому +1

    Sir but I would say that capitalism enabled compitition in the market which in turn speeds up the goods manufacturing. Besides exploitation of workers, buyers are happy because they can benefit from the competition and get the best of what they want but communism based economy does not have the pace to produce cutting edge technology.

    • @NaiBaatt23
      @NaiBaatt23 Рік тому

      There is a contradiction in capitalist mode of production. Yes, capitalism speed up the manufacturing but at the same time, buyers, majority of those are wage labors cannot afford to to buy products as capitalist already have stolen a big chunk of due wage of the labours or due to unemployment mainly caused by innovation in technologies.. That is why the capitalism is denounced by socialists. They want to replace this system with an economic system in which worker will control mean of productions(machines, land, raw material etc.) collectively and work place (factories etc) and get fair wage of their contribution in production. On the market side there will be equitable exchange of good and services. Those who criticize socialist solution fear that innovation and technological development will be stopped in socialism but their fear is baseless as democratic centralized government in socialism will ensured that technological and scientific advancement remain in pace. In fact ,in socialism more brilliant minds would be available to authorities as people will free from harsh labour hours inflicted by capitalist mode of production.

    • @pankaja7974
      @pankaja7974 Рік тому

      @@NaiBaatt23 no. socialism breeds inefficiency. workers want more pay and less hours of work. poeple inherently dont want to work hard. however working hard is natural order. the chinese worked hard for several years and got themselves out of poverty. Wrking 12 hours per day looks like exploitation to people who are lazy. But for people who want to better their lot it is an opportunity to make more money. The critics never imagine a situation where people are willing to work hard and yet there is no opportunity. The markets need cheaper products to buy and this is possible by keeping labour costs low which in turn is done with lower wages and longer hours. The alternative is expensive products that no one wants to buy - expensive products are produced by people who work 4 hours a day, call in sick frequently, needs frequent vacations etc etc. There is no market for the expensive products and they then lose their jobs and then they ask govt for unemployment benefits and more free money thus making money worthless 🤣🤣🤣🤣

  • @muhammadmahmood4859
    @muhammadmahmood4859 Рік тому

    Marchent of Venice play hy novel nahi hy

  • @abbasmazhar567
    @abbasmazhar567 Рік тому

    Sir Are u Non-muslim?

  • @thelearner2589
    @thelearner2589 25 днів тому

    سوشلزم کے نعرے لگتے تو اچھے ہیں، پر حقیقت میں ممکن نہیں

  • @Anonymous-ld5ot
    @Anonymous-ld5ot Рік тому

    I didn't get your point.

  • @adulbasit7912
    @adulbasit7912 Рік тому

    2nd comment

  • @baruchthinker334
    @baruchthinker334 Рік тому +1

    respectful sir
    should i say in Pakistan capitalism is 8 hours slavery of proletariat's

  • @thelearner2589
    @thelearner2589 25 днів тому

    سر مخالفت کرنا تو اسان ھے، لیبر اگر لیبر پاور نہیں ھوگی، لیبر کی قیمت نہیں ھوگی تو اسکا متبادل کیا ھوگا، کیا ملے گا ایک لیبر کو؟

  • @user-kn7tf7ug7y
    @user-kn7tf7ug7y Рік тому

    kya lafz borgor borgeosie se nikalta hai ya khane wale burger se?😆

  • @mohinderkumar7298
    @mohinderkumar7298 Рік тому +1

    " Niji" is Hindi word 😃😃

  • @masunderstand3608
    @masunderstand3608 Рік тому +1

    When Marxist gives Islamic touch 😁😁😁

  • @Faraz70
    @Faraz70 Рік тому +1

    Dr Taimur, the issue is not that you live and consume in a Capitalist system, you have no choice, even if you had a choice I bet you'd prefer to live in a Capitalist system rather than in a Communist/Socialist system, just as Faiz Ahmed Faiz preferred to live in London and not in Moscow. The main issue I have is the Hypocrisy of Pakistani Surkhas, many of whom run very successful businesses under the very evil Capitalist system while romanticizing and peddling the proven failed ideology of Communism/Socialism. By the way, have you Monetized your UA-cam channel? If so, please have some courtesy to give credit where it is due - the Evil Capitalist system.

    • @Taimur_Laal
      @Taimur_Laal  Рік тому +3

      Firstly, I had the choice of moving abroad (since I have a Phd). I chose to live in Pakistan. Because it is my country. Second, Faiz never chose to live in London. He was in exile in London. He lived most of his life in Pakistan. Third, for us capitalism is not a sin (like religion) but a historically constituted mode of production. We have no problem with people from any class as long as they help to strengthen the labour movement. Please note that Engels himself was the owner of a factory. Last, you still have not heard my lecture because if you had you would have realised that earning money from my own labour is not capitalism.

    • @Faraz70
      @Faraz70 Рік тому +2

      @@Taimur_Laal What I meant when I say that you had no choice is that, there is no Communist Utopia where you could move to, living aboard and in Pak would both be Capitalist systems (though Pak is dysfunctional). And you cannot move to North Korea (the only Laborer's Paradise). As for Faiz, I know he was in exile, what I meant was that he chose to live in exile in a Capitalist country (UK) and not in a Communist country (USSR). He could have lived in exile in USSR, but he did not. Hundred and thousand of people are making money on UA-cam and other social media, thanks to Capitalism. What is wrong in raising capital from Capital markets. Where do many start ups raise funding from? I do listen to your lectures. To me it seems that you are talking about labour rights and welfare and and blaming the lack of it to Capitalism. I agree labors are not treated and compensated fairly in many developing countries including Pak. There should be laws for labors rights and welfare and be enforced.

    • @Taimur_Laal
      @Taimur_Laal  Рік тому

      @@Faraz70 actually Faiz was in exile in Lebanon.