I appreciate your separation of Marx’s critique of capitalism and communism in the beginning of the video. One might come about communism from the critique of capitalism but communism isn’t strictly the critique of capitalism. I do have to say you were very reductive in a lot of this video and although you are trying to teach the basics your explanations tend to lean away from the fact that these things Marx claims the capitalists do are very natural consequences of the capitalist mode of production.
The overproduction/underconsumption problem isn’t relevant in today’s economy because the middle class has grown tremendously in past decades. If this wasn’t the case then it would be a problem (just like in the 1800s). If companies are “overproducing” then you either expand into new markets if there’s demand for your product. If there’s no demand for your product, then you halt production. There’s no such thing as overproduction because it clearly can’t go on forever.
Overproduction occurs naturally as the market fluctuates. Idk what you mean by “halt production” but have you never seen a grocery store throw out expired food? That is overproduction and if this happens on a large enough scale without prices accounting for it ( if they even can) than inflation occurs.
Actually back in Marx's time period the wealthy were the the rich nobles/clergy men from feudal times, and the middle class were the Bourgeois private business owners.
Duh why would you not want to improve??? Of course you want more production and of course you want to thrive. No I don’t agree with reducing wages and upping prices, but I do agree with wanting to expand
A lot of Marx's theory seems to hinge on the "Overproduction/under-consumption" mechanism, but this is cancelled out by capitalism because if there isn't a demand for the goods then the business owners will not want to make a loss by trying to supply it. Overproduction can be a small issue but it is more of an issue for the businesses than anybody else. This theory reeks of somebody who doesn't know how business works. Oh wait...
Evolution Economy A free open market that evolves thru time is the best working model. Martxism, Socialism or Communism didnt work they tried it and failed. Current world ecocnomy is gobalised its too complex and modern for Martx.
Yet the underlying tension between employer and employee remains. I'm not sure it is too complex for a Marxist to explain if you are not a capitalist propagandist.
Awesome that you took time to do this. Thank you.
Thank you for this. It seems like it would be a fair introduction to the outlines of Marx's work. Quite balanced and I thank you for that.
you're amazing and i admire ur videos so much
Awesome intro to Karl Marx 👏
Good channel . Informative . Well Done .
I appreciate your separation of Marx’s critique of capitalism and communism in the beginning of the video. One might come about communism from the critique of capitalism but communism isn’t strictly the critique of capitalism. I do have to say you were very reductive in a lot of this video and although you are trying to teach the basics your explanations tend to lean away from the fact that these things Marx claims the capitalists do are very natural consequences of the capitalist mode of production.
THIS ISN'T EVEN MY FINAL FORM
The overproduction/underconsumption problem isn’t relevant in today’s economy because the middle class has grown tremendously in past decades. If this wasn’t the case then it would be a problem (just like in the 1800s). If companies are “overproducing” then you either expand into new markets if there’s demand for your product. If there’s no demand for your product, then you halt production. There’s no such thing as overproduction because it clearly can’t go on forever.
Sam Fuentes if there is no overproduction then capitalism comes to an end.
This is a dumb argument. I hope you've learned in the 2 years since posting this.
Overproduction occurs naturally as the market fluctuates. Idk what you mean by “halt production” but have you never seen a grocery store throw out expired food? That is overproduction and if this happens on a large enough scale without prices accounting for it ( if they even can) than inflation occurs.
Thank you for your effort and great videos!
Could you please link related videos to each other (i.e. the part I to this part)
keep it up!
FelixW Part 1 of Adam Smith : ua-cam.com/video/pa1UmWv9_4g/v-deo.html
My first thought it is, we're all workers aren't we?..
I mean we all work even billionaires
Over productions create jobs. The problem the poor have is overspending
Very low volume
Actually back in Marx's time period the wealthy were the the rich nobles/clergy men from feudal times, and the middle class were the Bourgeois private business owners.
Duh why would you not want to improve??? Of course you want more production and of course you want to thrive. No I don’t agree with reducing wages and upping prices, but I do agree with wanting to expand
You said you were a teacher, you should know you can;t have "unlimited amounts of money."
A lot of Marx's theory seems to hinge on the "Overproduction/under-consumption" mechanism, but this is cancelled out by capitalism because if there isn't a demand for the goods then the business owners will not want to make a loss by trying to supply it. Overproduction can be a small issue but it is more of an issue for the businesses than anybody else.
This theory reeks of somebody who doesn't know how business works. Oh wait...
This comment reeks of someone who has never read Marx
Great Depression of 1929. I rest my case
I hope that by now you have actually read some Marx or at least something.
This reeks of somebody that doesn’t know what inflation is
Evolution Economy
A free open market that evolves thru time is the best working model.
Martxism, Socialism or Communism didnt work they tried it and failed.
Current world ecocnomy is gobalised its too complex and modern for Martx.
Yet the underlying tension between employer and employee remains. I'm not sure it is too complex for a Marxist to explain if you are not a capitalist propagandist.