Comparing Capitalism and Socialism, and the factors that contribute to the rise of one over the other. #Capitalism #Socialism #Economics #Liberty #Freedom
Great stream ! I managed to make it to the socialism part (about 1/3 of the way through) and fell a sleep… I woke up just as you were saying good night …looking forward to going back to catch what I missed … can’t wait for the ““angst-y anti-communist diatribe “. thanks … great topic
@@tiredmdntblggr As for the idea that an economy's purpose is to get as many goods to as many individuals as is reasonably possible: I like that last part, "as is reasonably possible." A criticism of free-markets/capitalism that I sometimes hear involves the idea of producing a glut of useless goods. Even the idea of always making more profit year-over-year. Anyway, selling more stuff than is reasonably possible is disincentivized as soon as it becomes economically unsustainable. There's a reason we have not turned into a Warhammer 40K hive-world.
@@DJRonnieG Yeah, thanks for the comment. It is a criticism I should have put more time into. I need to do a deep dive into 1) criticisms of capitalism and 2) talking some more about the relation between socialism and capitalism. Glad you enjoyed it.
I've always thought a blended approach would probably be the best we could achieve. Biased towards capitalism. Pure capitalism is brutal. Survival of the fittest. Pure socialism, as we've seen time after time, leads to extreme poverty and ultimately tyranny. I honestly believe the United States has done a pretty decent job of this blended approach. ...back in 50's. 😂😂 There's always room for improvement, but I think we once had the right idea. Maybe Denmark and Sweden are doing something right? Maybe we could learn from them? 🤔
Thanks for the thoughtful and insightful comment. Yeah, while I lean toward capitalism, I am no Laissez faire capitalist. Yeah, I would love to go back to SOME of the things we did in the 50s. But I also know we can't totally turn back the clock. Denmark and Sweden have some great practices, but I think likely we can't take everything they do and adopt it. We have to adapt the ideas to our own circumstances.
@@tiredmdntblggr Yes. Maybe we need to have a national conversation about some practical and realistic solutions. Unfortunately, we seem to be too divided about politics. ☹☹ Thank you.
@@leontios6661 Sadly true. I wish we could have another Constitutional convention...or something. Thanks again for the thoughtful comment. I have my bias, but I would be totally open to an honest, open, and transparent debate, instead of all of this dogmatism we have now.
Boost Here !!!!!!!🚀🚀🚀
Thanks for the kid comment! I hope you enjoy it!
Great stream ! I managed to make it to the socialism part (about 1/3 of the way through) and fell a sleep… I woke up just as you were saying good night …looking forward to going back to catch what I missed … can’t wait for the ““angst-y anti-communist diatribe “. thanks … great topic
Thanks! I hope you enjoy it!
Good Stream!
Thanks for the kind comment! Freeeeedom!
Aww man, I missed this. I intend on listening to the replay after I complete a task.
Thanks! I hope you enjoy it.
@@tiredmdntblggr As for the idea that an economy's purpose is to get as many goods to as many individuals as is reasonably possible: I like that last part, "as is reasonably possible." A criticism of free-markets/capitalism that I sometimes hear involves the idea of producing a glut of useless goods. Even the idea of always making more profit year-over-year. Anyway, selling more stuff than is reasonably possible is disincentivized as soon as it becomes economically unsustainable. There's a reason we have not turned into a Warhammer 40K hive-world.
@@DJRonnieG Yeah, thanks for the comment. It is a criticism I should have put more time into. I need to do a deep dive into 1) criticisms of capitalism and 2) talking some more about the relation between socialism and capitalism. Glad you enjoyed it.
More engagement 🥳
@@Jprphtwo Thanks!
Engagement 🎉
@@johnpontoriero6184 Thanks!
I've always thought a blended approach would probably be the best we could achieve. Biased towards capitalism. Pure capitalism is brutal. Survival of the fittest. Pure socialism, as we've seen time after time, leads to extreme poverty and ultimately tyranny. I honestly believe the United States has done a pretty decent job of this blended approach. ...back in 50's. 😂😂 There's always room for improvement, but I think we once had the right idea. Maybe Denmark and Sweden are doing something right? Maybe we could learn from them? 🤔
Thanks for the thoughtful and insightful comment. Yeah, while I lean toward capitalism, I am no Laissez faire capitalist. Yeah, I would love to go back to SOME of the things we did in the 50s. But I also know we can't totally turn back the clock. Denmark and Sweden have some great practices, but I think likely we can't take everything they do and adopt it. We have to adapt the ideas to our own circumstances.
@@tiredmdntblggr Yes. Maybe we need to have a national conversation about some practical and realistic solutions. Unfortunately, we seem to be too divided about politics. ☹☹ Thank you.
@@leontios6661 Sadly true. I wish we could have another Constitutional convention...or something. Thanks again for the thoughtful comment. I have my bias, but I would be totally open to an honest, open, and transparent debate, instead of all of this dogmatism we have now.
Capitalism for the win❤
Thanks! I tend to agree!