I live in southeast Asia where corruption reigns supreme. I can tell you that what Dave is saying is true. The people here are sooooo hard working yet most will never ever get ahead because the corrupt system is working against them.
@@MrSpaghettiWestern19 I agree that it's ignorant but he's right on the basics which is that - regulated capitalism is necessary. It's a very powerful thing and socialism has never worked throughout history. One of the latest examples is perhaps Venezula.
"Capitalism" done wrong is not Capitalism it is actually Corporatocracy. Capitalism: Small business owner, no ties to or kick backs from govt. The more people served the more profit made. Corporatism: Big business with heavy ties to govt., $Millions "donated" to candidates. The more favorable policies and legislation passed the more profit and control they have.
Why do you say "donated?" Do you think the checks they write are fake? Go visit some of those charities. They are up and running every day because of people who donate to them. Corporations and the regular Joes of the world. And what kick backs are you referring to? I'd love to hear what those are.
A corporation is nothing more than a group of people in a legal partnership to form a business, there is nothing in capitalism or capitalism ideology that prevents people from doing that. That doesn't mean that corporatism is capitalism. I suppose in a capitalism system, corporations can grow so large and powerful that they run things and exert power and influence over government and individuals in effect taking away their rights and freedoms. I assume that is what is meant by corporatism. Ideologies taken to its ideological extreme including capitalism is very undesirable. The only brake on capitalism is socialism. Where I disagree with Dave the most is where he thinks capitalism can be moral or immoral, I disagree I think it is neither.
It's not a donation because there is an exchange of goods and services, it is only presented as a donation to avoid legal scrutiny, and the kick back is government installed monopolization and the general persuasion of the regulator to enforce regulation on everyone "equally" except only the strongest companies can withstand the regulation which kills the small businesses that still operate within large risk margins. If you increase the necessary risk to operate without scale, you marginalize competition until eventually no one is going to bother. It's not equal because you artificially price competitors out without having to beat them on merit. You have to be willfully ignorant to not be aware of the scam.
Dave - You state that there are three factors that account for our status as the wealthiest nation in history: 1. Freedom; 2. Capitalism, and; 3. Judeo-Christian ethic. I agree with you that those three things are certainly relevant, but I think you are ignoring three other factors that are every bit as important if not more so: 1. Through pure geographical luck, our country has not been devastated by war as has much of the 1st world (particularly Europe in the 20th Century). One wonders how prosperous we would be if we had lost 20 million + citizens in WWII (as did the USSR and China) and/or suffered a near-complete destruction of our infrastructure (as did Germany and Japan). 2. We have been blessed with a greater abundance of natural resources than most countries. 3. We have not felt restrained - either by our Judeo-Christian ethic or by anything else for that matter - from taking those resources from those who were here before us. IMO, those factors are every bit as important as the ones you mentioned.
I’m a hardcore atheist. And I’ve listened to everything this man has said on UA-cam and it has made me better. I’m just relieved that there are still so many that cherish what we have in this country. We need less government. Government is only here to protect life, property, and liberty. Beyond that, they’re stepping on our toes and need to get in their lane. Amen. 🙏
When a restaurant server does well (which is most servers I have in my tourist town), I tip them 30-35%. When a server does poorly, I tip 5-10%. I’m an entertainer that makes straight commission. I haven’t had a job with hourly pay in years. If I’m caught being unprepared or a sourpuss by my audience, they don’t take out their wallet to pay me. I’m a capitalist with behavioral and ethical standards through and through.
that's weird... i dont remember my servers making my food, all they do is bring food to you. I tip cooks more than servers. What do servers do? take your order, bring your food. What does the cooks do? They make your food the way you want. Yet, cooks dont get tipped, and they are severely underpaid.
The issue I have with this is most people haven’t worked in a restaurant before. If they are super slow and you get terrible service that’s one thing, but if the restaurant is swamped and you get bad service the server is most likely trying their very best just to stay afloat. They have to tip out people (bussers, bartenders, hosts, the chef, etc) at the end of the night, and if you don’t tip at least 15%-20%, those tip outs come directly out of their pocket. The other issue I have is that a lot of people attribute “bad service” to things that have nothing to do with the actual server but rather with outside sources (ex: the host seating the server poorly making it impossible for the server to give proper service to their tables, the kitchen messing up your food, the food not tasting good, the food not coming out “soon” enough, the managers not scheduling the right amount of servers for that shift, etc) and the table takes it out on the server by leaving a bad tip for something that was out of their control. Work as a server in a restaurant before having an attitude like that.
When someone gives me poor service at a restaurant they get no tip at all from me. And if it is my first time there I might not go back again for a long time.
I love how everyone in the ex-soviet block escaped illegally on ships, trains, any means to get a better future, leaving behind friends, family, to a capitalist country. They were sick of the lies of the communist/socialist politicians. Yet today, young people praise it like it's the future. B*tch you go and live there if you want. My grandparents told me tails about how the Olympic team used to go to a tournament, and never came back. They took the chance and literally flee the country. Surprise, travel was pretty much banned, you have to leave all your family behind just to go out for a week. They limited how much money you could take with you and if you didn't return, your family would suffer. Nothing was available. You could buy lamps, but not light bulbs, because...well it's not like in capitalism where there is a gap in the market, let's fill it and drive down the prices to make it affordable. No. It was illegal. End result? You have to buy a burned out (!) bulb at the market, take in to your job, steal the one in the factory, replace it with the broken one, and take the good one home. That was one example. Literally everything you touch at home, you had to fight for. Oh and you like your big house aren't you? Good. Tomorrow we will put 5 other people in YOUR house, because we are sharing everything here. They might also need you car. Welcome to your new reality. This is just the tip of the iceberg, but you can't talk about it, because they will kidnap and torture you if you diss the system. I want to deport all those idiot morons who praise this system and let them live there. But I will be the first one standing at the airport refusing to let them home when they are coming back crying after a month.
Oh they'll love it the first few years. Then less when production and things they want slow and theres less. Then even less when theyre forced to work jobs that are necessary that nobody wants. Then less when theres toilet paper lines. Then less when the only ones with money and guns are the ones in govt.
Millions risk their lives to leave capitalist nations. Look at Iraq, Afghanistan, Yemen, most of Subsaharan Africa, Mexico, Central America, Libya, etc.
I love capitalism, i love my money, but I also accept solidarity with others who are not as blessed as myself. And therefore I am a big fan of sharing risks by sharing health insurance with all my fellows. Even it may cost more for me. Nah I do not share your opinion in this case. It is no accomplishment to have the most rich people in a country because we all know for every rich person we do have 10 poor persons. Extremly rich people do create extreme poor people because someone has to pay the final bill. And we do good in Germany.
You're missing the best part I'm in South Africa watching this and largely thanks to America most of the world is in the same position and if they're not there they were on their way to be getting there so thank you all America
Our economic system is biblically based? In Act, chapter 2 the new disciples shared everything. That was not just their church, it was their society. I'm not saying I advocate that as a governmental system. But, saying that our capitalist society is based on biblical principles, especially in light of how the new testament disciples lived is a stretch, IMO.
I believe in common since capitalism as well. Although as a pragmatist, I can't help but notice how you did not account for the cost of living in the USA compared to other nations when you declared those making 11k a year in the US are in the top 14% in the world. Are you defending poverty? Surely as a consumer advocate you with add this to your conclusion.
I would like to correct that those countries in Europe like the UK and France etc aren’t „socialist“ but are „social democracies“. The way socialism and communism are related is that communism is a TYPE of socialism.
When the median wage of Americans has not increased in 40 years and 63% of Americans do not have $500 to meet emergencies then their needs to be some strong questions asked of the financial/ economic system. I agree that socialism etc is a broken system, but American capitalism is broken also. First requirement of fixing a problem is to recognise it.
What type of socialist economic system are you referring to as a broken system? Be specific. There are countless doctrines. Personally, I'm a democratic socialist and I believe it is only in this system that economic inequality, the mother issue, can be eradicated from society. Checked capitalism (actual capitalism) that utilizes social programs and a degree of government authority still would not fix economic inequality. The system is inherently flawed. Capitalists love to state that humankind is naturally selfish as a cop-out after capitalism fails time and time again (when corporations are bailed out by the gov. instead of dying out to the natural capitalist system that they should [corporate socialism]). The gold standard for capitalism, a social democracy (not socialism but utilizes social policy and is much closer to democratic socialism than the current system) still won't eradicate economic equality. Only in democratic socialism are citizens granted economic rights accompanied by natural rights and this is the biggest fear for corporations and the numerous complexes that exist in every realm of life we deem important (prison-industrial complex, the military-industrial complex, homeless-industrial complex, et cetera).
hater gater All currencies are fiat currencies. You should be happy about this. This means most people in society can receive a steady wage for the labor they produce. You HAVE to be a libertarian. There’s no way even a capitalist makes such stupid points.
I agree with Dave on many things but he forgets one thing: over 70% of people in the world don't have house mortgages. They own their homes free and clear and the taxes are minuscule. Most people in the world can still have a home even without a job which you can't in the US.
@Ivy C still, when people lose a job in other countries, or get a medical bill they do NOT lose their home. Most countries do not even allow a home to be seized for ANY reason. Thus, those people can plant food in the yard and survive even without a job.
Please give me an example of a country without home mortgages and share an average picture of their home. A 300 square foot home of mud and sticks could be had with no mortgage in the USA
nice presentation, video capture...lost me with the constant "judeo-christian is the root of all good things & nothing else does it or comes even close" vibe, japanese aint christian (mush less jew, thanks kamizama) and they have a solidarity, loyalty, and work ethcs that shames pretty much all semitic societies....
Yeah only not at all tho. As there’s no way to reform capitalism. Gimme a summary of why this dudes right. You can’t because he’s wrong. You can’t have a millionaire tell you why greed works but the problem is we’re just a little too greedy. Capitalism doesn’t work, it will fall. This guy also seems to lack an actual understand of what socialism is.
The United States was not meant to be a socialist or communist country. We have lost our way. We need God, not government. We need to look in the mirror and take care of ourselves before we talk about what the country or anyone else “needs”.
Earl Nightgale said two very important quotes. 1.We become what we think about. 2. Our rewards in life will always be in exact proportion to our contribution our service.
I'm a socialistic capitalist. Meaning I firmly believe in capitalism as the best way to generate wealth. That said, I believe there needs to be a mix of socialism to take care of basic necessities so private enterprise can be free to prosper. We live in a socialistic capitalist society already. We rely on the gov't to fight crime, keep criminals locked up, fight fires, test and treat water, provide recreation in the form of parks, pave and plow our roads, build and repair bridges, and for the poorest among us, provide basic healthcare services as well as public assistance. Yes, those enterprises, especially public assistance, can be abused, but by and large, we all rely on the gov't for some aspects of our lives. In addition, if I were a business owner, I wouldn't want to have to police the neighborhood around me, I wouldn't want to have to fight my own fires, I wouldn't want to have to make sure criminals stay locked up. A capitalist society is a wonderful society, but there needs to be a mix of socialism as well. We were the most prosperous in the 1950's when union membership was at an all time high. Unions are an example of socialism in the workplace, and when this country at its highest union membership rate, people could afford to buy cars and homes, take trips, have children, and retire with dignity. Unions didn't drive out employers. Their unwillingness to work with unions did so. All unions are is a collection of employees saying the same thing. Much like the Chamber of Commerce is a union for businesses. I believe in capitalism, but I also believe in some forms of socialism.
That's called a welfare state, and the US has been one since the New Deal. Oddly enough, the New Deal helped to stave off true socialism from coming to power at a time when wide open capitalism was spinning its wheels during the Great Depression. Also, a hundred years ago, both parties were more or less pro-union, and many Republicans considered themselves to be "progressive." In fact, former Republican President Theodore Roosevelt later founded a third party called the Progressive Party, a.k.a the Bull Moose Party.
@@yesudeep here's a simple way to look at it. Socialism without capitalism is communism. Capitalism without socialism is fascism. We are not as divided as "they" want us to think we are.
Yes, we get it. Someone is paying for it. What is your point. What do you think people want that is free. Free public college and no student debt (paid for by tax on Wall Street speculation)? There is always a payer. Nice boring capitalist talking point.
There's also no such thing as a "free market." A market is nothing more than a racket controlled by those who receive direct lending and funding by a central bank-- for the USA it's The Federal Reserve.
Where in the world can you make a fortune, loose it and make it again and again and again. Like you said, nowhere. The first two points are what I consider what made this country great - liberty/freedom and capitalism . If this country wasn't so great why did and do so many people come here, why not the middle east, Cuba, Venezuela and other Socialist/Communist countries. Thank you for a great video, the only thing I would like to see the Govt loose - the 16th Amendment/income tax and the IRS. That would make it so you could keep everything you earn.
About socialism in ex-Yugoslavia is since 1976 was broken into great depression, waiting in rows in markets, skyrocket inflation, paying debts, get salary without working in factory (yes that is paid without even stepping one day at work), that ended with wars in the beginning in 90's. Very similar like today Venezuela. A lot of people, still struggled in golden era of socialism. Todays, the young generation is lied about golden era of Yugoslavia, but the most of them forgets to ask old generation about bad financial situation in golden era od socialism. Many of people claims that failure of Yugoslavia is because of CIA, which is non-sense to me.
I'm disappointed with Dave's explanation. I'll try to help him. Yes absolutely capitalism is awesome. Everybody confuses capitalism with the Free Market. Technically they are not the same but there is a lot of overlap. For this comment, I will use 'capitalism' as if it means 'Free Market'. In capitalism and socialism People get hurt (economically, personal health, way of life, etc). However in capitalism, you have an easy way to fix things. With socialism you're tied to the whims of the masses and the polticians who may not really have your best interest at heart and if the do, they most likely do not know what they are doing. So with socialism there is great suffering and you are forced to be a victim because the power and decision making that you had for yourself and your family has been taken (stolen) from you. In capitalism, you have thousands if not millions of choices. You are not stuck with the only government option. If you get harmed by a business or if a business has a bad product or service, then they will soon be out of business and if you were wise, you didn't spend too much money so you didn't lose all that you had. (like with socialism). in the case of suffering in capitalism, you have the power to change direction for yourself and your family right now, getting on a better course.
Not all of us have choices. I'm disabled and I already am at the mercy of politicians deciding how much I support I deserve. I have to keep fighting for it. I'd rather have a bit more socialism (not strictly, but maybe free market + socialism) because once able-bodied people (the majority) start being affected by the whims of the government, they're gonna fight tooth and nail to get fair wages and support, and the government will have to give in because you can't fight the masses. (vs. a small group of disabled people) I live off of $775/mo. from social security and it's not enough. Again, I cannot work. If I, one of the more vulnerable in society, am not allowed to afford basic necessities and housing, something is wrong with the system and we need to fix it.
@@LushiaKyobi unfortunately your little bit of socialism is a curse for the rest of us. You make us your slaves because the government steals from us to support you! And if we try to defend ourselves, we will be put in jail. Or worse killed in the process. What kind of mind games do you socnalists play with yourselves so that you don't feel to guilty?
I'm gonna disagree with you on the "Judeao-Christian values" statement, if only because it's not entirely accurate. Those values assisted in the prosperity of the nation in that many of them corresponded with Natural Law, and encouraged compassion. There are many Judeao-Christian values which were neutral, or actually detrimental to Natural Law, but many of those were already abandoned, even at the time of the country's inception. A society which aims to be free of fraud or coercion is the reason for prosperity. This would be true regardless of the religious values of the society. That many of the founding fathers held the tenants of Natural Law in high regard, some as a consequence of their religion, and some despite their religion, is the primary cause for America's prosperity. As an example, Jefferson wanted to dissolve the institution of slavery, despite many Christians being in support of it at the time, and believing the institution was justified by the Bible. Slavery is most definitely a violation of Natural Law, but not explicitly a violation of Judaeo-Christian values. Those values only demanded that you treat your slave with compassion, and many Christians of the time believed they were doing just that, and that the lives of their slaves were considerably improved by their indenturement.
Very well said 👏🏻👏🏻👏🏻👏🏻if someone wants a great example of socialism/ communism come to Venezuela and see how we suffer from stupid socialism 😡. God bless USA 🇺🇸
Health care should be a right, not a privilege. No one should go bankrupt because of illness or injury. No one should die because they can't afford inflated drug prices for things like insulin. And university doesn't have to be so expensive. Public universities didn't use to be so expensive in the US. What happened? Corruption is what happened.
He just compared the wages of the U.S. to the rest of the world. He’s no leader. He doesn’t even know basic economics and he’s a millionaire. He’s your stereotypical socialist!
There have been some cases of socialism with the government owning all the business which failed but never a real communist society because it doesn’t work Marx was wrong plain and simple
I’m an atheist. I love Dave. And I try to do the right thing because it’s the right thing to do. It has nothing to do with Christianity. Do Unto Others has been around long before the Bible was written. It’s common sense. I don’t need religion to tell me how to be a good person.
These Capitalism vs Socialism debates keep overlooking the fact that most developed countries have mixed economies. So it's about how much more or less you want of each?
Exactly, good point. I would venture to say that the most successful countries are the ones that take the best bits of both systems and combine them. Most countries in europe, australia nz uk etc have elements from both and look after their citizens and have far better outcomes in education, healthcare, retirement income than the US
@Damon D the Bible says "beware of wolves in sheep's clothing" these races walking around here talking about I'm up man or woman of God in the blood of Jesus covers me yet they're using the n-word all the time it's just deplorable! Thanks for your comment.
In 2013, my health insurance went from $15/week to $25/week and went up almost exactly by 30% each year. Back then I had no idea why, didnt even know what obamacare was (I dont think anyone really knows what it is till this day, other than a failure).
@@MrSpaghettiWestern19 No one said Obamacare was socialist...but it was a step in that direction by governing more control over heatlhcare. Obamacare was giving more government control over healthcare, how is that a step in the direction of capitalism? It was the government mandates that resulted in the increased cost of healthcare. Obama himself said it was the first step to socialized medicine.
Capitalism is fine, but it can go too far. People forget that before Obamacare health insurance companies would often deny health insurance to people with pre existing conditions, then the people would either die or go bankrupt, or both. People forget that Obama care increased the number of people with health insurance by 20 million. Anti-socialized medicine people often cite that the states has the best medicine in the world, and it's thanks the private medical system. But, I have never seen any evidence that medical innovation and the quality of doctors in the states was diminished after Obamacare. So people pay more for their insurance under Obamacare. Yeah, it costs money to get people health insurance. Obama care isn't perfect but it is a heck of a lot better than the atrocities that were going in before Obamacare and it is infinitely better than Trump's pretend non-existent plan. If everyone were covered, and everyone paid, then low-risk populations would lower the average cost for everyone. The solution to healthcare in the states is complex, but it must involve everyone being covered. Covering everyone is both the means and the end solution to health care, and you can call it socialized medicine if you want. Health care is one of those things where pure capitalism fails.
@@raymondblake5765 How does capitalism fail healthcare when privatized healthcare has lead to the largest advancements in modern medicine as well as offering better quality service? I mean, Im not sure how you can say that privatized healthcare is bad when people flock FROM countries with socialized healthcare TO countries like the US who have privatized healthcare. Obamacare may have insured 20 million NEW people, but lets not forget the millions who LOST healthcare because of the tripling in cost over the course of 2 years. Because of Obamacare, millions of people like me LOST health insurance because we simply could no longer afford it. And still cant. Also, your theory that if everyone was covered and everyone paid is not logical. As not everyone has the same medical needs, so what you are left with is a graph that goes from those who need no healthcare to those who need millions of dollars worth of healthcare per year. You cannot develope a flat rate payment system for something like that when the true cost is CONSTANTLY fluctuating based on the overall health of our nation and the diversity of health quality. You cant just simply sum up the cost each person will pay to cover expenses. And to have people who are already living on the line, making them pay even more to cover someone elses cancer treatments isnt fair to them and their family who now has to go hungry because of someone else. Its a trade off, and a bad one. Our healthcare system was one of the best if not the best in the world AND affordable before Obamacare.
@@raymondblake5765 If you think that its ok for some people to not have health insurance because they cant afford it so that others can have it is an acceptable solution, then there truly is something wrong with you. The problem with healthcare is insurance companies. Eliminate them, you bring the cost down substantially. But having the government regulate healthcare is proven inefficient.
You got it wrong! You are blaming the free market for the insuccess of the countries that do not have a free market! It is precisely where the government maintains control that people do not succeed, not the opposite!
@Fabian Kaufmann Absolute NONSENSE!!!! You, people, say the most preposterous things! People need to be, in fact, COMPLETELY irrational to say these things while at the same time ignore what happens in countries where there is no freedom and the state controls EVERYTHING! Unbelievable....
Those that live on $10 a day live in countries with stagnant economies that are a direct result of either poor fiscal policy and/or total government corruption. They can’t keep up. Not the other way around.
Capitalism: high risk, high reward, Socialism:slow and safe. If you are born dirt poor, or get very ill, or have an accident or lose your job in a pure capitalist system, you get fucked over good. On the other hand, if you don't have bad luck and work hard, you will get rewarded greatly. You will have higher chances of getting rich. In a socialist system you will indeed have to pay more taxes, which is unappealing to somebody who has a good income and can take care of himself. Your chances of becoming rich are slimmer. Socialism provides a safety net. If you lose your job at your 30's, you will not lose your home to a bank. If a family member gets ill, you wont have to empty your bank account. Your kids can go to college without getting in debt before they even start working. Pure socialism or pure capitalism doesn't work, but having a bit of each works great.
ditisnietpablo Could not agree more. Scandinavian countries and Germany do a mix of both and they are able to provide free college, free healthcare, paid vacations, etc while still keeping a free market system and good private property rights and social freedoms.
That is precisely why Social Democracy works best. However, countries that practice it such as Norway and Denmark have small populations comparable to most US cities, so some changes would need to be made to support the 340 million US population.
the happiest countries around the globe, Denmark, Norway and Switzerland leading the pack. We don't have capitalism system anymore after the bailout we now have a socialistic-capitalism system. We all share in the losses and none of the gains!
Happiest country in the world? Do you know the suicide rates we have? Do you think people in Switzerland are happy to work more than in other countries? Don't listen to some stupid studies, I live in switzerland and you will never see people smile in public, that says a lot.
On one of your recent shows you talked about Walmart and Tyson and how you support them. I know you believe in capitalism, but both of these corporations have poor business structures. Neither of these companies care about the little guy. Tyson has created health issues with their food (chickens) for humans (antibiotic resistance due to overuse of antibiotics and use of pesticides such as glyphosate).Walmart takes money from everyone (local and federal governments) and then pay overseas workers below living wages (and less than our minimum wage) to make their products. I've learned that the way a company treats their workers and their product (especially animals) shows how they feel about their consumer. Neither of these corporations have a ethical business set up.
Connie, neither do the banks care about the little guy. They take advantage of people too. Dave advocates fighting them by getting out of debt and not giving them our money. We can do the same with Walmart and Tyson. Vote with your dollars. Now, I have signed those change.org petitions to get Tyson and Walmart to stop their animal abuse practices, so I'm not defending these organizations and their practices. I think Dave's point is that he supports capitalism, but he doesn't necessarily support bad businesses. There's a difference, and we shouldn't confuse the two. Hope this helps.
Walmart pays workers overseas less than minimum wage, because you couldn't afford their prices if they paid them US minimum wage. Also, minimum wage in the US may not be what is required for a living wage somewhere else. In fact, the cost of living is usually much lower in places without a minimum wage. When labor is expensive, it makes EVERYTHING more expensive. This doesn't mean I support Walmart's decisions, only that I understand there's more to these decisions than what's often implied. The fact of the matter is that US unskilled labor is too expensive for many companies to afford without either significantly cutting back their profits, or raising prices considerably. And which one of those drawbacks do you think a business owner is more willing to accept?
Every country in the world has some levels of socialism (police, military, roads etc.) and some levels of capitalism. I guess the debate comes on how much of each you think is best. It's easy to say "I'm a capitalist" or "I'm a socialist". But pure capitalism means no government and pure socialism means no free market
Seems weird that people believe state funded healthcare doesnt work... I mean plenty of examples just seems like capitalism works but sadly people that run the US dont want that as it makes more money to not
Some say that people who live with universal health care doesn't get any. More people from Canada come to America for healthcare than the other way around.
@@azorah3986 That's there is the real problem with what capitalism has evolved to today in the US. I bet my money sociologist concepts and ideologies are the perpetrators of this flaw in the system because honestly the pure idealistic and practical form of capitalism alike ....JUST WORK. Nothing extra required of the system, except the reformation of the human condition. I couldn't help but shake my head as Dave was praising the advantage of income capitalism has provided while knowing the meddling of the greedy has created this rift in the system today SMH.
But the higher taxes is apparently not destroying our happiness (Scandinavia and Canada) - they are among the happiest countries the the world (in the top 6).. But USA is on a descent 17th place though.. :)
Interesting how he doesn’t discuss how black enslaved people is what allowed capitalism to be created, but they were not paid what they were owed. Dave tell the whole story and not just a white perspective.
Nah, it actually is though. This is the Sam Harris fallacy. It exists because of creationism, but atheists pretend it does out of thin air, ignoring that there's no basis for it.
No system is perfect, having lived for 63 years I think we could do better. We need more of the Mr, Mrs or Miss average people having opinions of what happens in Government. Not just Politicians ( LAWERS)
Seems like you are proving the opposite point. If you are in the top 15% earners in the world but are still a pauper, what's the point in that? Are raw numbers really a better indicator of wealth than actual purchasing power of that money?
Your argument is flawed. Earning $34,000 a year may very well put us at the TOP 1% of income earners in the WORLD, but THOSE earnings translated in the US are not the same. Earning that much living in the US puts you below the middle class or lower middle class at best. Someone earning that little in the US will find themselves living paycheck to paycheck. There are many factors your argument fails to address.
I think a system like Canada (my country) or the Nordic countries (Denmark, Netherlands, etc..) seems to work pretty well. I think it strikes a good balance between capitalism and socialism. I'm not sure what you call this system, *democratic socialism* I guess, but works fairly well. Sure we like to complain about taxes but when you see all the benefits and services you get I think it's the best system.
I'm Canadian and we have the most arrogant people here you would ever imagine. People here think Canada is the greatest country in the world because "we're not the USA".
3/24/19.....Dave Ramsey is for real. Anybody with a brain---willing to use his/her brain---willing to think up an idea & work hard---can become a successful person who can earn a good living.
Helen E That's not the only business model possibility if you were to privatize firefighting. People still get treated in the ER even if they don't pay their health insurance.
Helen E Help would be cheaper if EVERYONE PAID for the cheap stuff. Like when you see the doctor earlier. Or get a cheap generic prescription. IF we all we did that, and had a healthcare savings plan that began at birth for catastrophic care, costs would come way down and care would not have to be rationed.
Capitalism can be broken down to you simply getting a paycheck. You "sell" your labor in exchange for money. Then every dollar you spend is engaging in capitalism.
Workers are many times more efficient than they were decades ago while making far less adjusted for inflation. Meanwhile, rent has skyrocketed even with inflation considered. It’s an income problem, it’s a capitalism problem.
@@SeppyLive How is it a capitalism problem when the root of the problem is the increasing size of government and public spending? Which system is the one that is always asking for more public spending and more power to the government? That is socialism, not capitalism. Inflation is basically another form of taxation by the government and since many decades ago they can just print money as they pleased and doesn't need to be backed up by something of real value like gold.
Everyone is a capitalist and socialist at the same time, they don't want to pay taxes and want to make money, yet want everything and others to pay for it
Maybe more aptly stated as "free market"? I think the takeaway is basically this...... A just society is based on a "rule of law", rule of law is based on morality and morality is based on biblical teachings. At least that is how I see it.
We do not have a true capitalistic society. Our government loves corporations, and does everything to back them. A dollar of corporate revenue has more federal tax rate than a dollar of small business revenue. The US has the highest corporate tax rate.
You're for the little guy as long as they purchase your copyrighted materials, lol. Start giving your advice away for free, then you can say you're for the little guy and that you just want to help. Help doesn't come with the caveat of getting rich (though our politicians make that unclear).
Free? Try and get him to come speak at a low income church somewhere out in the country and see how free that is; I imagine he might want more than room and board too. He runs a FOR PROFIT BUSINESS; he makes money off of helping people, unlike a non-profit that would help people for the lowest cost possible. Pay your employees, yes. Stack cash to play with in the stock market, no. "Again I say to you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of God." - Jesus Christ (Matthew 19:24)
I agree, envy is disgusting - like the love of money and wealth. How much do you really know about Dave Ramsey's business? (Take a few minutes to find out about it if you don't.) I've been familiar with him and what he does for more than 10 years or so; I even own some of his old curriculum from before the financial collapse. My parents had financial difficulties and paid to take his classes; they offered common sense advice and loopholes in the current system. What they found helpful was in no way unique to him, yet he charged for the advice. He profits (makes money) off of helping the poor while claiming to be a Christian. How does that not bother you?
I'm not saying he's a bad business man; I'm saying he's one of the tables getting flipped when Jesus comes into the temple. I do think he should make a living, but making a profit is way different. He's getting rich on helping the poor - it just seems questionable for a follower of Christ. Also, I do love the free market; I also love free speech. Not only can I not patronize a business, but I can use my 1st Amendment Rights to speak out against what I think is hypocritical or disingenuous. How do you think Dave makes money if he gives everything away for free?
I doubt you give anything for free. He makes a living off of his intelligent advice. Why should he have to share his talents for nothing. He could just not do this and let people struggle with debt. He has money cuz people give it to him in exchange for something. They choose to give the money. We're the ones making billionaires.
How does his advice make him money if he gives it away for free as his website says? Have you gone to the corporate sponsor page on his website? He makes money the way Donald Trump does; licensing his name. Dave Ramsey will let your financial institution or church use his name for a profit. He mine as well be an Instagram fitness model. They help people too with free advice, but how do they make money? Advertising. Advertising is great for Nike, Chanel, Mercedes, etc. I have a moral aversion to making ad money off of financially struggling people or institutions.
I love how people like Dave think Christianity or "Judeo-Christian values" is where everything good started from. As if good service started with Jesus or Moses or whatever 😂
The success of Stalin - the man who used to boast that he conquered the United States "from the plow to the atomic bomb in just a generation" - compared to Gorbachev's failure shows that a socialist economy is unable to function with a minimum of efficiency without requiring a massive dose of political violence. In an attempt to reform a decadent regime, Gorbachev moved faster with the process of economic opening in the hope of removing the predictable resistance that the Soviet bureaucracy would create to economic reform measures, as thorough proof with the failed attempt. coup d'état in August 1991 - which ended up precipitating the final crisis of socialism and the dissolution of the USSR itself Its Chinese parallel - Deng Xiaoping - adopted a logic diametrically opposed to that of Gorbachev: it prioritized the achievement of economic prosperity (adopting in practice capitalism) precisely to delay any attempt at political opening, as was evident with the acceleration of the economy. reforms after the Tiananmen Square massacre. It is important to note that it was Karl Marx himself who, in his Contribution to the Critique of Political Economy, discerned the scenario in which the conditions for a social revolution process are formed, describing it as follows: 'At a certain stage in its development, the material productive forces of society contradict existing production relations or - which is only their legal expression - with the property relations in which they have been active until then. From the forms of development of the productive forces, these relations are transformed into fetters of them. So, it is a time of social revolution. ' (Reproduced according to MARX, K. Preface to the Contribution to the Critique of Political Economy, organized by Florestan Fernandes and published under the title K. Marx: Theory and historical process of the social revolution, In Marx & Engels, Great Social Scientists Collection, History, vol. 36. São Paulo: Ática, 1983. p. 232. Commemorative edition of the centenary of Karl Marx's death) By rejecting the pursuit of profit maximization as an instrument to stimulate innovation, socialist countries ended up condemning themselves to obsolescence. Thus, they lost the chance to incorporate the productivity gains made possible by technological progress. That is why the capitalist countries managed to provide a greater rise in the standard of living of their population, even without pursuing the egalitarian ideal. Therefore, until the “final crisis of socialism” (to paraphrase K. Marx's own definitions once again), it was only a matter of time. But religious fanatics do not give up on their faith, even against the indisputable proof of the facts, which completely refute it!
And although I might seem critical to (what to us Scandinavians seem like) extreme capitalism, I am VERY happy about Dave Ramsey's advise on paying off debt, and saving money. Me and my husband are on track to pay down debt quicker and save more money than we have done in the past. :)
Honesty and sharing are not of Christian origins. Compassion for your fellow living being is a universal human ethic. If you need a God to guilt you into having compassion for others, then I fear you misunderstand the meaning of empathy.
Dave Ramsey says a lot of smart stuff, but that's his achilles heel.... according to him, before Christianity, "telling the truth" and "compassion" didn't exist.... utterly ridiculous. But other than that, he's a great guy.
If having a belief in a God isn't good grounds to having an ethic then why have an ethic at all? And don't say "because it's about being a good person" because again, what do I care about being good if I don't have a belief that my goodness is higher power inspired? Eat, drink, and live for today, that's what a Godless life is about. Where does univeral human ethic come from? Answer: God.
So it is interesting topic. Many years ago I went to Nicaragua to tour small organic coffee farm cooperative. The people were amazing. Hard working, tight families. The living conditions was a shanty in the jungle with a dirt floor, a divider to section off sleeping area from living. No power, no cell phones, no running water and I would not even consider the roads infrastructure they were so bad. When you see people living like this and then see socialist leaders coming to power such as Ortega (again) I can see why they choose socialist over capitalism. In their mind it is the only way to try and lift an entire population out of poverty. Socialism is a knee jerk fix. Capitalism works when the people are educated to succeed and a government that protects their country's interests but protects its citizens from harmful practices. What you are seeing now is the result of dumbing down education, placing corporate protections over citizens and a knee jerk fix to health care.
You got it - capitalism is great - with government keeping the playing ground even. Human nature is greed - not the betterment of society, And yes folks, you may believe "greed is good" but there is a thing called society. Everything is the world is not just for my personal gain and desire.
Dave didn't explain capitalism or socialism. Capitalism = you can amass unlimited wealth. Wealth can be taken only by 1 judge or 12 unanimous jurors, who stand up to the mob's district attorney, & who find you guilty of something. Socialism = the majority votes to take or simply takes your wealth. Both are in the Constitution. Capitalism = Due Process Bill of Rights Amendments 4 thru 8. Socialism = Eminent Domain clause end of 5th Amendment, loophole around Due Process. Capitalism is your individual freedom to keep your money. Socialism is the group's right to take your money for a purpose greater than the sacrificed individual.
Dave..big fan but stay in your lane please. We have a Socialized Capitalism here in this country. The “free market enterprise” part of our capitalism is backstopped by the Federal Government. Any command economic activity by a central governing authority ie; Congress, The Federal Reserve , Executive Decree, state, city municipality etc ..is pure socialism. Thank you and good day to you
If the problem of freedom is the misuse of it, and the problem of socialism is force against people, let freedom come! Why would anybody stand for something that drains their money away, promotes jobs for the boys "helping" the poor, highly regulates their economic lives, while helping big businesses, etc? The biggest slice of the tax money stays WITHIN the administrative machine, is not give to the poor to "help" them!
littlebit080780 I'm pretty sure it's quoted if I teach people to fish they can feed themselves. People here in the states have been taught, they just choose not to listen.
littlebit080780. No, not at that time because they'd followed out into the wilderness to hear him speak, but faced real perils on their journey home from lack of physical nourishment. But later you see others who followed Him across the sea to whom Jesus told them assuredly you have come because you ate and your stomachs were full, but I have come to give you bread so that you will never hunger again.
Jesus didn't take the fish and loaves with a sword. It was given voluntarily. That's charity. Taking something by force or threat of force and giving it or part of it to someone else is socialism.
Joshua S. "Taking something by force or threat of force and giving it or part of it to someone else is socialism." No it's either communism or capitalism as practised in the USA. How about all those military bases around the world. Guantanamo in Cuba is a prime example. The USA refuses to leave Cuba.
I think there should be a middle ground so everybody has money to spend and be happy which in turn gives money to the capitalist companies. Too much capitalism might turn out to be hoarding money and nobody else would be able to spend money to gain more money.
This is truly one-sided. He explains why much of a success capitalism is and even relates it back to religious value (?) It doesn't accurately compare both systems with its advantages and disadvantages. Capitalism is a great system, but at some degree; social injustice is usually common. e.g. a man earning millions over stand up and people laugh while a hard-working labourer cant earn enough to feed his family, let alone himself. Socialism on the other hand is also a great system, but at some degree also. Both work in their own way but if used together, and properly, poverty and injustice would be a thing of the past!
I will not argue that capitalism is greatest engine to produce wealth that we know of, that doesn't mean that pure unregulated capitalism is a desirable thing. The best moderating influence on capitalism is socialism, and the best moderating influence on socialism is capitalism.
Is it really so complicated to do the right thing. In a world of excess there is no reason that we should suffer from lack of basic needs. Is it ridiculous idea that our basic human needs (healthcare, housing, food...) should be met with consequences for the working class and poor. We should still have a system for rewards (better jobs that we actually enjoy, a nicer car, and other personal rewards) meanwhile haveing our needs met and all of this bundled up into a nice little package? Does this have to be Socialism vs Capitalism? Why can’t it be both?
@@Matt-dq8dx Preach sir! (He also said global economy, not just the US) Never went to college and make the same as my wife who is a BA RN at State Hospital Labor and Delivery nurse.... Yet I have no $600+ a month studen loan bill!
doesn't like socialism, but i bet he takes advantage of every program out there, or will! Medicare, Social Security, and every single govt funding thing from highways, schools, and other infrastructure.
I came to this video from listening to a Dr Richard wolf debate, capitalism vs socialism. You guys should check it out, it never hurts to learn a new thing.
I agree. Ramsey has no idea what he's talking about in regards to Socialism/Communism. And, his assertion that "capitalism gives the little man a chance". That is just blatantly false. Also, as Professor Wolf can point out, we have never had true Communism (except maybe the Paris Commune and a few other isolated examples). We have only ever had Authoritarian Socialism.
socialism must control the economy when you take control of the economy and production and disruption of wealth you control peoples lives witch will take coercion by government authority to do.
Brian Cain Brian most large businesses already produce in other countries and sell their products to the US and Europe. Social democracy is basically socialism lite or you could call it welfare capitalism. It is where the healthcare system is nationalized and there are strong social saftey net programs for the middle and working class.There is still the free market for people to start businesses etc If the middle class had more money in their pockets then they would spend it on products which would create jobs. I love how you don't even criticize me you just tell me I am wrong and don't explain why.
People with higher income have a higher tax rate. But what I think is the best advantage with our system is that it takes the worry away - no need to worry if the health insurance will cover whatever sickness you (or your children) might get. and no need to worry how you will give your children a good education (and with that the best starting point in live). Many things can be said to be wrong with the system- but I think taking that stress off people is good..
Norway, Demark, and Switzerland have such high standards of living because there are extremely rich countries with very low populations. However, larger countries can't support their large number of citizens with these "free" services. Although I wish that it was so, the world just isn't that simple.
Just because you make more money with Capitalism doesn't mean that you actually have more wealth per se. A lot of people who make 35K a year are drowning in debt hopelessly from medical bills, student loans, and credit card debt that life emergencies has caused them to have to rack up. They have no net worth and they don't have a better quality of life than people in socialist countries in all phases of life. They may just have slightly ahead of the curve technology. And because society is so competitive, people are more stressed and there is more crime so they usually aren't safer... that is a provable fact when compared to socialist countries.
There are only 2 socialist countries in existence today, Cuba and North Korea, why don't you put your money where your mouth is and move to one of those socialist utopia's?
Malsipots you mis-label socialist countries with communist countries; and while we are at it, we can make a list of extremes to make any system look bad. DRC-Congo and Liberia are capitalist countries that are hopelessly poor; that must mean that capitalism drives countries into poverty!
Freedom does not equal capitalism. The free markets are only as free as the regulation that sets the rules for how the financial system operates. This system in the US is currently written and implemented by those that can lobby Congress ie. the super wealthy
Bubba Brand- you should listen to Dave's show and maybe read total money makeover. I've got myself in a lot of debt too but thanks to his teaching I've diagnosed what's gotten me there and I'm getting out. You don't have to be in debt for the entirety of your life.
I live in southeast Asia where corruption reigns supreme. I can tell you that what Dave is saying is true. The people here are sooooo hard working yet most will never ever get ahead because the corrupt system is working against them.
Yeah that’s called a free market economy.
@@MrSpaghettiWestern19 nope. Free market economy has no powerful politicians that can be bribed.
@@MyDomesticChiffchaff You should be slapped across the face for being so ignorant
@@MrSpaghettiWestern19 I agree that it's ignorant but he's right on the basics which is that - regulated capitalism is necessary. It's a very powerful thing and socialism has never worked throughout history. One of the latest examples is perhaps Venezula.
Which country ?
"Capitalism" done wrong is not Capitalism it is actually Corporatocracy.
Capitalism: Small business owner, no ties to or kick backs from govt. The more people served the more profit made.
Corporatism: Big business with heavy ties to govt., $Millions "donated" to candidates. The more favorable policies and legislation passed the more profit and control they have.
+jaymanxv well said
Why do you say "donated?" Do you think the checks they write are fake? Go visit some of those charities. They are up and running every day because of people who donate to them. Corporations and the regular Joes of the world. And what kick backs are you referring to? I'd love to hear what those are.
Corporatism is Capitalism, stop distancing Capitalism to Corporatism they're the same 😡
A corporation is nothing more than a group of people in a legal partnership to form a business, there is nothing in capitalism or capitalism ideology that prevents people from doing that. That doesn't mean that corporatism is capitalism.
I suppose in a capitalism system, corporations can grow so large and powerful that they run things and exert power and influence over government and individuals in effect taking away their rights and freedoms. I assume that is what is meant by corporatism. Ideologies taken to its ideological extreme including capitalism is very undesirable. The only brake on capitalism is socialism.
Where I disagree with Dave the most is where he thinks capitalism can be moral or immoral, I disagree I think it is neither.
It's not a donation because there is an exchange of goods and services, it is only presented as a donation to avoid legal scrutiny, and the kick back is government installed monopolization and the general persuasion of the regulator to enforce regulation on everyone "equally" except only the strongest companies can withstand the regulation which kills the small businesses that still operate within large risk margins. If you increase the necessary risk to operate without scale, you marginalize competition until eventually no one is going to bother. It's not equal because you artificially price competitors out without having to beat them on merit. You have to be willfully ignorant to not be aware of the scam.
Dave - You state that there are three factors that account for our status as the wealthiest nation in history: 1. Freedom; 2. Capitalism, and; 3. Judeo-Christian ethic. I agree with you that those three things are certainly relevant, but I think you are ignoring three other factors that are every bit as important if not more so:
1. Through pure geographical luck, our country has not been devastated by war as has much of the 1st world (particularly Europe in the 20th Century). One wonders how prosperous we would be if we had lost 20 million + citizens in WWII (as did the USSR and China) and/or suffered a near-complete destruction of our infrastructure (as did Germany and Japan).
2. We have been blessed with a greater abundance of natural resources than most countries.
3. We have not felt restrained - either by our Judeo-Christian ethic or by anything else for that matter - from taking those resources from those who were here before us.
IMO, those factors are every bit as important as the ones you mentioned.
It has less to do with Christian values and more to do with building your country using the blood of slaves...
I’m a hardcore atheist. And I’ve listened to everything this man has said on UA-cam and it has made me better. I’m just relieved that there are still so many that cherish what we have in this country. We need less government. Government is only here to protect life, property, and liberty. Beyond that, they’re stepping on our toes and need to get in their lane. Amen. 🙏
Athiest here as well and still like using Dave's information too.
I’m also an atheist and I agree.
Count me in too lol. I'm atheist and watch all of Dave's videos and follow his baby steps
@@BraxGandy stop sound so reasonable! 😅
I'm Christian, how'd you do?
When a restaurant server does well (which is most servers I have in my tourist town), I tip them 30-35%. When a server does poorly, I tip 5-10%. I’m an entertainer that makes straight commission. I haven’t had a job with hourly pay in years. If I’m caught being unprepared or a sourpuss by my audience, they don’t take out their wallet to pay me. I’m a capitalist with behavioral and ethical standards through and through.
Why do you tip at all when you get bad service?
that's weird... i dont remember my servers making my food, all they do is bring food to you.
I tip cooks more than servers. What do servers do? take your order, bring your food. What does the cooks do? They make your food the way you want. Yet, cooks dont get tipped, and they are severely underpaid.
@@soju69jinro: I'm never in contact with the people who cook my food when I go to restaurant so you must be going to different restaurants.
The issue I have with this is most people haven’t worked in a restaurant before. If they are super slow and you get terrible service that’s one thing, but if the restaurant is swamped and you get bad service the server is most likely trying their very best just to stay afloat. They have to tip out people (bussers, bartenders, hosts, the chef, etc) at the end of the night, and if you don’t tip at least 15%-20%, those tip outs come directly out of their pocket. The other issue I have is that a lot of people attribute “bad service” to things that have nothing to do with the actual server but rather with outside sources (ex: the host seating the server poorly making it impossible for the server to give proper service to their tables, the kitchen messing up your food, the food not tasting good, the food not coming out “soon” enough, the managers not scheduling the right amount of servers for that shift, etc) and the table takes it out on the server by leaving a bad tip for something that was out of their control. Work as a server in a restaurant before having an attitude like that.
When someone gives me poor service at a restaurant they get no tip at all from me. And if it is my first time there I might not go back again for a long time.
I love how everyone in the ex-soviet block escaped illegally on ships, trains, any means to get a better future, leaving behind friends, family, to a capitalist country. They were sick of the lies of the communist/socialist politicians. Yet today, young people praise it like it's the future. B*tch you go and live there if you want.
My grandparents told me tails about how the Olympic team used to go to a tournament, and never came back. They took the chance and literally flee the country. Surprise, travel was pretty much banned, you have to leave all your family behind just to go out for a week. They limited how much money you could take with you and if you didn't return, your family would suffer.
Nothing was available. You could buy lamps, but not light bulbs, because...well it's not like in capitalism where there is a gap in the market, let's fill it and drive down the prices to make it affordable. No. It was illegal. End result? You have to buy a burned out (!) bulb at the market, take in to your job, steal the one in the factory, replace it with the broken one, and take the good one home. That was one example.
Literally everything you touch at home, you had to fight for. Oh and you like your big house aren't you? Good. Tomorrow we will put 5 other people in YOUR house, because we are sharing everything here. They might also need you car. Welcome to your new reality.
This is just the tip of the iceberg, but you can't talk about it, because they will kidnap and torture you if you diss the system. I want to deport all those idiot morons who praise this system and let them live there. But I will be the first one standing at the airport refusing to let them home when they are coming back crying after a month.
Oh they'll love it the first few years. Then less when production and things they want slow and theres less. Then even less when theyre forced to work jobs that are necessary that nobody wants. Then less when theres toilet paper lines. Then less when the only ones with money and guns are the ones in govt.
That is not Party Approved Correct Thinking and Speech! Comrade Politburist Sanders for Comrade Chairman 2020!
Millions risk their lives to leave capitalist nations. Look at Iraq, Afghanistan, Yemen, most of Subsaharan Africa, Mexico, Central America, Libya, etc.
I love capitalism, i love my money, but I also accept solidarity with others who are not as blessed as myself. And therefore I am a big fan of sharing risks by sharing health insurance with all my fellows. Even it may cost more for me. Nah I do not share your opinion in this case. It is no accomplishment to have the most rich people in a country because we all know for every rich person we do have 10 poor persons. Extremly rich people do create extreme poor people because someone has to pay the final bill. And we do good in Germany.
You're missing the best part I'm in South Africa watching this and largely thanks to America most of the world is in the same position and if they're not there they were on their way to be getting there so thank you all America
Sad.
Wow man. Thanking the most influential and greedy country in the world for allowing you to do anything? You’re pathetic
Our economic system is biblically based? In Act, chapter 2 the new disciples shared everything. That was not just their church, it was their society.
I'm not saying I advocate that as a governmental system. But, saying that our capitalist society is based on biblical principles, especially in light of how the new testament disciples lived is a stretch, IMO.
Guess you didn't listen to everything he said, huh?
Man, it's going to be quite the ride as we delve into late-stage capitalism
That's a bs term created by a socialist
I believe in common since capitalism as well.
Although as a pragmatist, I can't help but notice
how you did not account for the cost of living in the USA
compared to other nations when you declared those making
11k a year in the US are in the top 14% in the world.
Are you defending poverty?
Surely as a consumer advocate you with add
this to your conclusion.
I would like to correct that those countries in Europe like the UK and France etc aren’t „socialist“ but are „social democracies“. The way socialism and communism are related is that communism is a TYPE of socialism.
He wasn't talking about the UK, but more about Italy, Spain and France I think.
@@georgedionisi9871 It’s the same for those countries as well
When the median wage of Americans has not increased in 40 years and 63% of Americans do not have $500 to meet emergencies then their needs to be some strong questions asked of the financial/ economic system. I agree that socialism etc is a broken system, but American capitalism is broken also. First requirement of fixing a problem is to recognise it.
What type of socialist economic system are you referring to as a broken system? Be specific. There are countless doctrines. Personally, I'm a democratic socialist and I believe it is only in this system that economic inequality, the mother issue, can be eradicated from society. Checked capitalism (actual capitalism) that utilizes social programs and a degree of government authority still would not fix economic inequality. The system is inherently flawed. Capitalists love to state that humankind is naturally selfish as a cop-out after capitalism fails time and time again (when corporations are bailed out by the gov. instead of dying out to the natural capitalist system that they should [corporate socialism]). The gold standard for capitalism, a social democracy (not socialism but utilizes social policy and is much closer to democratic socialism than the current system) still won't eradicate economic equality. Only in democratic socialism are citizens granted economic rights accompanied by natural rights and this is the biggest fear for corporations and the numerous complexes that exist in every realm of life we deem important (prison-industrial complex, the military-industrial complex, homeless-industrial complex, et cetera).
hater gater All currencies are fiat currencies. You should be happy about this. This means most people in society can receive a steady wage for the labor they produce. You HAVE to be a libertarian. There’s no way even a capitalist makes such stupid points.
hater gater inflation is also kept at 2% which is quite could. Inflation isn’t even entirely bad. You need some inflation.
hater gater consider yourself lucky that the government decides the value.
The only thing broken about our American system is the socialism parts that's dragging it down.
I agree with Dave on many things but he forgets one thing: over 70% of people in the world don't have house mortgages. They own their homes free and clear and the taxes are minuscule. Most people in the world can still have a home even without a job which you can't in the US.
@Ivy C still, when people lose a job in other countries, or get a medical bill they do NOT lose their home. Most countries do not even allow a home to be seized for ANY reason. Thus, those people can plant food in the yard and survive even without a job.
Please give me an example of a country without home mortgages and share an average picture of their home. A 300 square foot home of mud and sticks could be had with no mortgage in the USA
I’m a capitalist, but I also believe in strong social safety nets as being critical for a strong society.
Only if that’s where your tax money actually goes
Which is why we need a capitalist market to have money in the first place.
It’s not good to stay there and get lazy
nice presentation, video capture...lost me with the constant "judeo-christian is the root of all good things & nothing else does it or comes even close" vibe, japanese aint christian (mush less jew, thanks kamizama) and they have a solidarity, loyalty, and work ethcs that shames pretty much all semitic societies....
Very solid and straightly explained.
Yeah only not at all tho. As there’s no way to reform capitalism. Gimme a summary of why this dudes right. You can’t because he’s wrong. You can’t have a millionaire tell you why greed works but the problem is we’re just a little too greedy. Capitalism doesn’t work, it will fall. This guy also seems to lack an actual understand of what socialism is.
The United States was not meant to be a socialist or communist country. We have lost our way. We need God, not government. We need to look in the mirror and take care of ourselves before we talk about what the country or anyone else “needs”.
Jason Keeling God would not care for capitalism that’s for sure. You need to wake up
Mr Spaghetti Western haha
Earl Nightgale said two very important quotes.
1.We become what we think about.
2. Our rewards in life will always be in exact proportion to our contribution our service.
I'm a socialistic capitalist. Meaning I firmly believe in capitalism as the best way to generate wealth. That said, I believe there needs to be a mix of socialism to take care of basic necessities so private enterprise can be free to prosper. We live in a socialistic capitalist society already. We rely on the gov't to fight crime, keep criminals locked up, fight fires, test and treat water, provide recreation in the form of parks, pave and plow our roads, build and repair bridges, and for the poorest among us, provide basic healthcare services as well as public assistance. Yes, those enterprises, especially public assistance, can be abused, but by and large, we all rely on the gov't for some aspects of our lives. In addition, if I were a business owner, I wouldn't want to have to police the neighborhood around me, I wouldn't want to have to fight my own fires, I wouldn't want to have to make sure criminals stay locked up. A capitalist society is a wonderful society, but there needs to be a mix of socialism as well. We were the most prosperous in the 1950's when union membership was at an all time high. Unions are an example of socialism in the workplace, and when this country at its highest union membership rate, people could afford to buy cars and homes, take trips, have children, and retire with dignity. Unions didn't drive out employers. Their unwillingness to work with unions did so. All unions are is a collection of employees saying the same thing. Much like the Chamber of Commerce is a union for businesses. I believe in capitalism, but I also believe in some forms of socialism.
Be a reform
I'm a tall small person.
That's called a welfare state, and the US has been one since the New Deal. Oddly enough, the New Deal helped to stave off true socialism from coming to power at a time when wide open capitalism was spinning its wheels during the Great Depression. Also, a hundred years ago, both parties were more or less pro-union, and many Republicans considered themselves to be "progressive." In fact, former Republican President Theodore Roosevelt later founded a third party called the Progressive Party, a.k.a the Bull Moose Party.
@@yesudeep here's a simple way to look at it. Socialism without capitalism is communism. Capitalism without socialism is fascism. We are not as divided as "they" want us to think we are.
Capitalism has nothing against unions.
Exactly what I was going to say, but you beat me to the punch cozzy3002.
First rule of economics: "There is no such thing as a free lunch".
Yes, we get it. Someone is paying for it. What is your point. What do you think people want that is free. Free public college and no student debt (paid for by tax on Wall Street speculation)? There is always a payer. Nice boring capitalist talking point.
There's also no such thing as a "free market."
A market is nothing more than a racket controlled by those who receive direct lending and funding by a central bank-- for the USA it's The Federal Reserve.
Bingo!!!!
I agree. Capitalism is the best. The US hasn't always been capitalism. You could argue they were an oligarchy, before the 20 century
Where in the world can you make a fortune, loose it and make it again and again and again. Like you said, nowhere. The first two points are what I consider what made this country great - liberty/freedom and capitalism . If this country wasn't so great why did and do so many people come here, why not the middle east, Cuba, Venezuela and other Socialist/Communist countries. Thank you for a great video, the only thing I would like to see the Govt loose - the 16th Amendment/income tax and the IRS. That would make it so you could keep everything you earn.
About socialism in ex-Yugoslavia is since 1976 was broken into great depression, waiting in rows in markets, skyrocket inflation, paying debts, get salary without working in factory (yes that is paid without even stepping one day at work), that ended with wars in the beginning in 90's. Very similar like today Venezuela. A lot of people, still struggled in golden era of socialism. Todays, the young generation is lied about golden era of Yugoslavia, but the most of them forgets to ask old generation about bad financial situation in golden era od socialism. Many of people claims that failure of Yugoslavia is because of CIA, which is non-sense to me.
I'm disappointed with Dave's explanation. I'll try to help him. Yes absolutely capitalism is awesome. Everybody confuses capitalism with the Free Market. Technically they are not the same but there is a lot of overlap. For this comment, I will use 'capitalism' as if it means 'Free Market'. In capitalism and socialism People get hurt (economically, personal health, way of life, etc). However in capitalism, you have an easy way to fix things. With socialism you're tied to the whims of the masses and the polticians who may not really have your best interest at heart and if the do, they most likely do not know what they are doing. So with socialism there is great suffering and you are forced to be a victim because the power and decision making that you had for yourself and your family has been taken (stolen) from you. In capitalism, you have thousands if not millions of choices. You are not stuck with the only government option. If you get harmed by a business or if a business has a bad product or service, then they will soon be out of business and if you were wise, you didn't spend too much money so you didn't lose all that you had. (like with socialism). in the case of suffering in capitalism, you have the power to change direction for yourself and your family right now, getting on a better course.
Not all of us have choices. I'm disabled and I already am at the mercy of politicians deciding how much I support I deserve. I have to keep fighting for it. I'd rather have a bit more socialism (not strictly, but maybe free market + socialism) because once able-bodied people (the majority) start being affected by the whims of the government, they're gonna fight tooth and nail to get fair wages and support, and the government will have to give in because you can't fight the masses. (vs. a small group of disabled people)
I live off of $775/mo. from social security and it's not enough. Again, I cannot work. If I, one of the more vulnerable in society, am not allowed to afford basic necessities and housing, something is wrong with the system and we need to fix it.
@@LushiaKyobi unfortunately your little bit of socialism is a curse for the rest of us. You make us your slaves because the government steals from us to support you! And if we try to defend ourselves, we will be put in jail. Or worse killed in the process. What kind of mind games do you socnalists play with yourselves so that you don't feel to guilty?
@@alabobacbacfarac1170 People are delusional
@@LushiaKyobi Live off rice and beans for a couple of months and invest a percentage of the $775
I'm gonna disagree with you on the "Judeao-Christian values" statement, if only because it's not entirely accurate. Those values assisted in the prosperity of the nation in that many of them corresponded with Natural Law, and encouraged compassion. There are many Judeao-Christian values which were neutral, or actually detrimental to Natural Law, but many of those were already abandoned, even at the time of the country's inception.
A society which aims to be free of fraud or coercion is the reason for prosperity. This would be true regardless of the religious values of the society. That many of the founding fathers held the tenants of Natural Law in high regard, some as a consequence of their religion, and some despite their religion, is the primary cause for America's prosperity.
As an example, Jefferson wanted to dissolve the institution of slavery, despite many Christians being in support of it at the time, and believing the institution was justified by the Bible. Slavery is most definitely a violation of Natural Law, but not explicitly a violation of Judaeo-Christian values. Those values only demanded that you treat your slave with compassion, and many Christians of the time believed they were doing just that, and that the lives of their slaves were considerably improved by their indenturement.
Very well said 👏🏻👏🏻👏🏻👏🏻if someone wants a great example of socialism/ communism come to Venezuela and see how we suffer from stupid socialism 😡. God bless USA 🇺🇸
@Fabian Kaufmann, problem is powerful people in Russia never really gave up communism.
You don’t have to agree with Venezuela to like some socialist policies.
Health care should be a right, not a privilege. No one should go bankrupt because of illness or injury. No one should die because they can't afford inflated drug prices for things like insulin. And university doesn't have to be so expensive. Public universities didn't use to be so expensive in the US. What happened? Corruption is what happened.
The governor loaned more money so colleges raised the price
Dave I love your common sense! You are a leader of my generation and I'm in my 20's :)
He just compared the wages of the U.S. to the rest of the world. He’s no leader. He doesn’t even know basic economics and he’s a millionaire. He’s your stereotypical socialist!
@@astrophotos8368 You can compare the Wages of the US to the rest of the world.
Amen(:
@@astrophotos8368 guess why college is so expensivr?
There have never been any true socialist or communist counties. All we've tried so far is different kinds of market capitalism.
OMG that's what they all say
There have been some cases of socialism with the government owning all the business which failed but never a real communist society because it doesn’t work Marx was wrong plain and simple
Venezuela, China, Prussia, Italy (in WW2), UK, Canada
I’m an atheist. I love Dave. And I try to do the right thing because it’s the right thing to do. It has nothing to do with Christianity. Do Unto Others has been around long before the Bible was written. It’s common sense. I don’t need religion to tell me how to be a good person.
Yes you do make a good point. Dave just uses his religion to guide him. Either way, you both end up in the same place.
These Capitalism vs Socialism debates keep overlooking the fact that most developed countries have mixed economies. So it's about how much more or less you want of each?
My point exactly. Many did not pay attention to this in school. People are sheep. Following talking points of an agenda.
Exactly, good point. I would venture to say that the most successful countries are the ones that take the best bits of both systems and combine them. Most countries in europe, australia nz uk etc have elements from both and look after their citizens and have far better outcomes in education, healthcare, retirement income than the US
Well im from Sweden and i think we have better economics here than i the states.
Less government corruption probably and far less dei
I think it's horrible that people hi there racism in oppression behind Christianity. That is just blasphemous!
@Damon D the Bible says "beware of wolves in sheep's clothing" these races walking around here talking about I'm up man or woman of God in the blood of Jesus covers me yet they're using the n-word all the time it's just deplorable! Thanks for your comment.
I know this is an old post, but I'll say one word: Venezuela.
@Xadion Automation is amazing.
I'll say Sweden
Epic, as in Fantasy Three words. What about Europe?
@@stage51manager What about capitalist Europe? They aren't socialist.
Benjamin Kesler What about corporate socialism 💰💵💸
In 2013, my health insurance went from $15/week to $25/week and went up almost exactly by 30% each year. Back then I had no idea why, didnt even know what obamacare was (I dont think anyone really knows what it is till this day, other than a failure).
Well yeah. Obama is a capitalist. And Obamacare isn’t socialist. So you’re saying socialism is the answer?
@@MrSpaghettiWestern19 No one said Obamacare was socialist...but it was a step in that direction by governing more control over heatlhcare.
Obamacare was giving more government control over healthcare, how is that a step in the direction of capitalism?
It was the government mandates that resulted in the increased cost of healthcare.
Obama himself said it was the first step to socialized medicine.
Capitalism is fine, but it can go too far. People forget that before Obamacare health insurance companies would often deny health insurance to people with pre existing conditions, then the people would either die or go bankrupt, or both. People forget that Obama care increased the number of people with health insurance by 20 million.
Anti-socialized medicine people often cite that the states has the best medicine in the world, and it's thanks the private medical system. But, I have never seen any evidence that medical innovation and the quality of doctors in the states was diminished after Obamacare.
So people pay more for their insurance under Obamacare. Yeah, it costs money to get people health insurance. Obama care isn't perfect but it is a heck of a lot better than the atrocities that were going in before Obamacare and it is infinitely better than Trump's pretend non-existent plan.
If everyone were covered, and everyone paid, then low-risk populations would lower the average cost for everyone. The solution to healthcare in the states is complex, but it must involve everyone being covered. Covering everyone is both the means and the end solution to health care, and you can call it socialized medicine if you want.
Health care is one of those things where pure capitalism fails.
@@raymondblake5765 How does capitalism fail healthcare when privatized healthcare has lead to the largest advancements in modern medicine as well as offering better quality service?
I mean, Im not sure how you can say that privatized healthcare is bad when people flock FROM countries with socialized healthcare TO countries like the US who have privatized healthcare.
Obamacare may have insured 20 million NEW people, but lets not forget the millions who LOST healthcare because of the tripling in cost over the course of 2 years.
Because of Obamacare, millions of people like me LOST health insurance because we simply could no longer afford it. And still cant.
Also, your theory that if everyone was covered and everyone paid is not logical. As not everyone has the same medical needs, so what you are left with is a graph that goes from those who need no healthcare to those who need millions of dollars worth of healthcare per year. You cannot develope a flat rate payment system for something like that when the true cost is CONSTANTLY fluctuating based on the overall health of our nation and the diversity of health quality.
You cant just simply sum up the cost each person will pay to cover expenses. And to have people who are already living on the line, making them pay even more to cover someone elses cancer treatments isnt fair to them and their family who now has to go hungry because of someone else.
Its a trade off, and a bad one. Our healthcare system was one of the best if not the best in the world AND affordable before Obamacare.
@@raymondblake5765 If you think that its ok for some people to not have health insurance because they cant afford it so that others can have it is an acceptable solution, then there truly is something wrong with you.
The problem with healthcare is insurance companies. Eliminate them, you bring the cost down substantially. But having the government regulate healthcare is proven inefficient.
80% of the worlds population live on less than ten dollars a day. I dont see whats pragmatic about maintaining a system lile this.
You got it wrong! You are blaming the free market for the insuccess of the countries that do not have a free market! It is precisely where the government maintains control that people do not succeed, not the opposite!
@Fabian Kaufmann Absolute NONSENSE!!!! You, people, say the most preposterous things! People need to be, in fact, COMPLETELY irrational to say these things while at the same time ignore what happens in countries where there is no freedom and the state controls EVERYTHING! Unbelievable....
@Fabian Kaufmann salaries evolve from local economies...this is base economics...
Those that live on $10 a day live in countries with stagnant economies that are a direct result of either poor fiscal policy and/or total government corruption. They can’t keep up. Not the other way around.
@@ferrer65 As someone who has lived on $10 per day, I will 1000000000% agree with this. Socialism at its finest.
Capitalism: high risk, high reward, Socialism:slow and safe.
If you are born dirt poor, or get very ill, or have an accident or lose your job in a pure capitalist system, you get fucked over good. On the other hand, if you don't have bad luck and work hard, you will get rewarded greatly. You will have higher chances of getting rich.
In a socialist system you will indeed have to pay more taxes, which is unappealing to somebody who has a good income and can take care of himself. Your chances of becoming rich are slimmer.
Socialism provides a safety net. If you lose your job at your 30's, you will not lose your home to a bank. If a family member gets ill, you wont have to empty your bank account. Your kids can go to college without getting in debt before they even start working.
Pure socialism or pure capitalism doesn't work, but having a bit of each works great.
I agree. Very well put, not biased at all. I do think if you can incorporate both you will have a much better system.
Correct. The debate in America is always going to exist which is fine.
ditisnietpablo Could not agree more. Scandinavian countries and Germany do a mix of both and they are able to provide free college, free healthcare, paid vacations, etc while still keeping a free market system and good private property rights and social freedoms.
Supreme Bandodger LOL. Socialism is not slow and safe.
That is precisely why Social Democracy works best. However, countries that practice it such as Norway and Denmark have small populations comparable to most US cities, so some changes would need to be made to support the 340 million US population.
the happiest countries around the globe, Denmark, Norway and Switzerland leading the pack. We don't have capitalism system anymore after the bailout we now have a socialistic-capitalism system. We all share in the losses and none of the gains!
Happiest country in the world? Do you know the suicide rates we have? Do you think people in Switzerland are happy to work more than in other countries? Don't listen to some stupid studies, I live in switzerland and you will never see people smile in public, that says a lot.
"after the bailout". That right there says it all.
@@caseygriffin8878 agreed.
Bro, these Nordic countries have capitalism not socialism. Social democracy to be exact.
On one of your recent shows you talked about Walmart and Tyson and how you support them. I know you believe in capitalism, but both of these corporations have poor business structures. Neither of these companies care about the little guy. Tyson has created health issues with their food (chickens) for humans (antibiotic resistance due to overuse of antibiotics and use of pesticides such as glyphosate).Walmart takes money from everyone (local and federal governments) and then pay overseas workers below living wages (and less than our minimum wage) to make their products. I've learned that the way a company treats their workers and their product (especially animals) shows how they feel about their consumer. Neither of these corporations have a ethical business set up.
Connie, neither do the banks care about the little guy. They take advantage of people too. Dave advocates fighting them by getting out of debt and not giving them our money. We can do the same with Walmart and Tyson. Vote with your dollars. Now, I have signed those change.org petitions to get Tyson and Walmart to stop their animal abuse practices, so I'm not defending these organizations and their practices.
I think Dave's point is that he supports capitalism, but he doesn't necessarily support bad businesses. There's a difference, and we shouldn't confuse the two. Hope this helps.
Walmart pays workers overseas less than minimum wage, because you couldn't afford their prices if they paid them US minimum wage. Also, minimum wage in the US may not be what is required for a living wage somewhere else. In fact, the cost of living is usually much lower in places without a minimum wage. When labor is expensive, it makes EVERYTHING more expensive.
This doesn't mean I support Walmart's decisions, only that I understand there's more to these decisions than what's often implied. The fact of the matter is that US unskilled labor is too expensive for many companies to afford without either significantly cutting back their profits, or raising prices considerably. And which one of those drawbacks do you think a business owner is more willing to accept?
Every country in the world has some levels of socialism (police, military, roads etc.) and some levels of capitalism. I guess the debate comes on how much of each you think is best. It's easy to say "I'm a capitalist" or "I'm a socialist". But pure capitalism means no government and pure socialism means no free market
We in the U.S. pay more in taxes per capita for healthcare and we don't even get it...
Seems weird that people believe state funded healthcare doesnt work... I mean plenty of examples just seems like capitalism works but sadly people that run the US dont want that as it makes more money to not
Some say that people who live with universal health care doesn't get any. More people from Canada come to America for healthcare than the other way around.
@@azorah3986 That's there is the real problem with what capitalism has evolved to today in the US. I bet my money sociologist concepts and ideologies are the perpetrators of this flaw in the system because honestly the pure idealistic and practical form of capitalism alike ....JUST WORK. Nothing extra required of the system, except the reformation of the human condition.
I couldn't help but shake my head as Dave was praising the advantage of income capitalism has provided while knowing the meddling of the greedy has created this rift in the system today SMH.
Healthcare student debt and homelessness were not issues when corporate tax was %50. ( pre Reagan)
@@redwater4778
What does corporate taxes have to do with either?
But the higher taxes is apparently not destroying our happiness (Scandinavia and Canada) - they are among the happiest countries the the world (in the top 6).. But USA is on a descent 17th place though.. :)
exactly
@@demetriuswright6993 due to excessive debt!
Interesting how he doesn’t discuss how black enslaved people is what allowed capitalism to be created, but they were not paid what they were owed. Dave tell the whole story and not just a white perspective.
It's not just judeo-christian ethics, it's just ethics...
Nah, it actually is though. This is the Sam Harris fallacy. It exists because of creationism, but atheists pretend it does out of thin air, ignoring that there's no basis for it.
No system is perfect, having lived for 63 years I think we could do better. We need more of the Mr, Mrs or Miss average people having opinions of what happens in Government. Not just Politicians ( LAWERS)
no, average people have terrible ideas--seriously, go talk to some
15% taxes? That's way lower than it is here in the USA. I guess I'll be moving to Norway.
Seems like you are proving the opposite point. If you are in the top 15% earners in the world but are still a pauper, what's the point in that? Are raw numbers really a better indicator of wealth than actual purchasing power of that money?
Your argument is flawed. Earning $34,000 a year may very well put us at the TOP 1% of income earners in the WORLD, but THOSE earnings translated in the US are not the same. Earning that much living in the US puts you below the middle class or lower middle class at best. Someone earning that little in the US will find themselves living paycheck to paycheck. There are many factors your argument fails to address.
I think a system like Canada (my country) or the Nordic countries (Denmark, Netherlands, etc..) seems to work pretty well. I think it strikes a good balance between capitalism and socialism. I'm not sure what you call this system, *democratic socialism* I guess, but works fairly well. Sure we like to complain about taxes but when you see all the benefits and services you get I think it's the best system.
Try and go to the hospital in Canada and see how they treat ya
I'm going to send this to my Canadian friends when they tell me that Canada is richer and better than the USA because they are socialists.
I'm Canadian and we have the most arrogant people here you would ever imagine. People here think Canada is the greatest country in the world because "we're not the USA".
APlaceToBeWithMyThoughts you should be proud your a Canadian. Cause over here to call a ambulance cost $2.500
It is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of god
Matthew 19:24
3/24/19.....Dave Ramsey is for real. Anybody with a brain---willing to use his/her brain---willing to think up an idea & work hard---can become a successful person who can earn a good living.
Nope. Many brilliant people who work hard are born into poor families or disabled, and the system is set up for those people to fail.
you know you can have both socialism and capitalism. Americans don't realize that socialism and communism are not the same thing
You're right.
Dave Tinoco would you then privatise the fire department? "We will only put out the fire in our house if you have paid the fire insurance.."
Helen E That's not the only business model possibility if you were to privatize firefighting. People still get treated in the ER even if they don't pay their health insurance.
John H Meaning they have to wait until they get really sick before seeking help... (help would be cheaper if they could get help earlier..)
Helen E Help would be cheaper if EVERYONE PAID for the cheap stuff. Like when you see the doctor earlier. Or get a cheap generic prescription. IF we all we did that, and had a healthcare savings plan that began at birth for catastrophic care, costs would come way down and care would not have to be rationed.
Can we please give this video 200 million views before 2020 is over!?!?!?!?
Nope
Dave actually is a "Capitalist", however existing and believing in capitalism does not make one a "Capitalist".
Capitalism can be broken down to you simply getting a paycheck. You "sell" your labor in exchange for money. Then every dollar you spend is engaging in capitalism.
@@Josh-179 sure under capitalism a worker may exchange their labor for a wage, but the worker is not the capitalist.
America doesn't have an income problem, America has a spending problem.
Workers are many times more efficient than they were decades ago while making far less adjusted for inflation. Meanwhile, rent has skyrocketed even with inflation considered. It’s an income problem, it’s a capitalism problem.
@@SeppyLive How is it a capitalism problem when the root of the problem is the increasing size of government and public spending? Which system is the one that is always asking for more public spending and more power to the government? That is socialism, not capitalism. Inflation is basically another form of taxation by the government and since many decades ago they can just print money as they pleased and doesn't need to be backed up by something of real value like gold.
Jesus was a capitalist???
Lol
Yeah, he was
Everyone is a capitalist and socialist at the same time, they don't want to pay taxes and want to make money, yet want everything and others to pay for it
Maybe more aptly stated as "free market"? I think the takeaway is basically this...... A just society is based on a "rule of law", rule of law is based on morality and morality is based on biblical teachings. At least that is how I see it.
We do not have a true capitalistic society. Our government loves corporations, and does everything to back them. A dollar of corporate revenue has more federal tax rate than a dollar of small business revenue. The US has the highest corporate tax rate.
You're for the little guy as long as they purchase your copyrighted materials, lol. Start giving your advice away for free, then you can say you're for the little guy and that you just want to help. Help doesn't come with the caveat of getting rich (though our politicians make that unclear).
Free? Try and get him to come speak at a low income church somewhere out in the country and see how free that is; I imagine he might want more than room and board too. He runs a FOR PROFIT BUSINESS; he makes money off of helping people, unlike a non-profit that would help people for the lowest cost possible. Pay your employees, yes. Stack cash to play with in the stock market, no.
"Again I say to you, it is easier for a camel to go through the eye of a needle, than for a rich man to enter the kingdom of God."
- Jesus Christ (Matthew 19:24)
I agree, envy is disgusting - like the love of money and wealth.
How much do you really know about Dave Ramsey's business? (Take a few minutes to find out about it if you don't.) I've been familiar with him and what he does for more than 10 years or so; I even own some of his old curriculum from before the financial collapse. My parents had financial difficulties and paid to take his classes; they offered common sense advice and loopholes in the current system. What they found helpful was in no way unique to him, yet he charged for the advice. He profits (makes money) off of helping the poor while claiming to be a Christian. How does that not bother you?
I'm not saying he's a bad business man; I'm saying he's one of the tables getting flipped when Jesus comes into the temple. I do think he should make a living, but making a profit is way different. He's getting rich on helping the poor - it just seems questionable for a follower of Christ. Also, I do love the free market; I also love free speech. Not only can I not patronize a business, but I can use my 1st Amendment Rights to speak out against what I think is hypocritical or disingenuous. How do you think Dave makes money if he gives everything away for free?
I doubt you give anything for free. He makes a living off of his intelligent advice. Why should he have to share his talents for nothing. He could just not do this and let people struggle with debt. He has money cuz people give it to him in exchange for something. They choose to give the money. We're the ones making billionaires.
How does his advice make him money if he gives it away for free as his website says? Have you gone to the corporate sponsor page on his website? He makes money the way Donald Trump does; licensing his name. Dave Ramsey will let your financial institution or church use his name for a profit. He mine as well be an Instagram fitness model. They help people too with free advice, but how do they make money? Advertising. Advertising is great for Nike, Chanel, Mercedes, etc. I have a moral aversion to making ad money off of financially struggling people or institutions.
What about now Dave, i see a lot of people commenting online about late stage capitalism and its injustices now
Corporatism is not capitalism.
Capitilism lifts oeople out of poverty
I don't think you're out of poverty looking at your grammar.
Facts
I love how people like Dave think Christianity or "Judeo-Christian values" is where everything good started from. As if good service started with Jesus or Moses or whatever 😂
I’m all for Capitalism, but what’s religion gotta do w this 😂
The Protestant work ethic
The success of Stalin - the man who used to boast that he conquered the United States "from the plow to the atomic bomb in just a generation" - compared to Gorbachev's failure shows that a socialist economy is unable to function with a minimum of efficiency without requiring a massive dose of political violence. In an attempt to reform a decadent regime, Gorbachev moved faster with the process of economic opening in the hope of removing the predictable resistance that the Soviet bureaucracy would create to economic reform measures, as thorough proof with the failed attempt. coup d'état in August 1991 - which ended up precipitating the final crisis of socialism and the dissolution of the USSR itself
Its Chinese parallel - Deng Xiaoping - adopted a logic diametrically opposed to that of Gorbachev: it prioritized the achievement of economic prosperity (adopting in practice capitalism) precisely to delay any attempt at political opening, as was evident with the acceleration of the economy. reforms after the Tiananmen Square massacre.
It is important to note that it was Karl Marx himself who, in his Contribution to the Critique of Political Economy, discerned the scenario in which the conditions for a social revolution process are formed, describing it as follows:
'At a certain stage in its development, the material productive forces of society contradict existing production relations or - which is only their legal expression - with the property relations in which they have been active until then. From the forms of development of the productive forces, these relations are transformed into fetters of them. So, it is a time of social revolution. ' (Reproduced according to MARX, K. Preface to the Contribution to the Critique of Political Economy, organized by Florestan Fernandes and published under the title K. Marx: Theory and historical process of the social revolution, In Marx & Engels, Great Social Scientists Collection, History, vol. 36. São Paulo: Ática, 1983. p. 232. Commemorative edition of the centenary of Karl Marx's death)
By rejecting the pursuit of profit maximization as an instrument to stimulate innovation, socialist countries ended up condemning themselves to obsolescence. Thus, they lost the chance to incorporate the productivity gains made possible by technological progress. That is why the capitalist countries managed to provide a greater rise in the standard of living of their population, even without pursuing the egalitarian ideal. Therefore, until the “final crisis of socialism” (to paraphrase K. Marx's own definitions once again), it was only a matter of time. But religious fanatics do not give up on their faith, even against the indisputable proof of the facts, which completely refute it!
David Tollisen-please take an economics class. There's free ones offered from Hillsdale college.
And although I might seem critical to (what to us Scandinavians seem like) extreme capitalism, I am VERY happy about Dave Ramsey's advise on paying off debt, and saving money. Me and my husband are on track to pay down debt quicker and save more money than we have done in the past. :)
Question... are stealing native land and slavery also judeo-christian values? ... Because those had big roles in the 'wealth-building' ...
No, the abolitionists were Christian
Honesty and sharing are not of Christian origins. Compassion for your fellow living being is a universal human ethic. If you need a God to guilt you into having compassion for others, then I fear you misunderstand the meaning of empathy.
Dave Ramsey says a lot of smart stuff, but that's his achilles heel.... according to him, before Christianity, "telling the truth" and "compassion" didn't exist.... utterly ridiculous. But other than that, he's a great guy.
If having a belief in a God isn't good grounds to having an ethic then why have an ethic at all? And don't say "because it's about being a good person" because again, what do I care about being good if I don't have a belief that my goodness is higher power inspired? Eat, drink, and live for today, that's what a Godless life is about. Where does univeral human ethic come from? Answer: God.
Well said, Mr. Ramsey!
So it is interesting topic. Many years ago I went to Nicaragua to tour small organic coffee farm cooperative. The people were amazing. Hard working, tight families. The living conditions was a shanty in the jungle with a dirt floor, a divider to section off sleeping area from living. No power, no cell phones, no running water and I would not even consider the roads infrastructure they were so bad. When you see people living like this and then see socialist leaders coming to power such as Ortega (again) I can see why they choose socialist over capitalism. In their mind it is the only way to try and lift an entire population out of poverty.
Socialism is a knee jerk fix. Capitalism works when the people are educated to succeed and a government that protects their country's interests but protects its citizens from harmful practices.
What you are seeing now is the result of dumbing down education, placing corporate protections over citizens and a knee jerk fix to health care.
Geoff Corey You are right; vimeo.com/63749370
You got it - capitalism is great - with government keeping the playing ground even. Human nature is greed - not the betterment of society, And yes folks, you may believe "greed is good" but there is a thing called society. Everything is the world is not just for my personal gain and desire.
He forgot to mention how it was built off the backs of free labor for how long was it 400 years
Hello!!!! Amen
Thank you Dave, would it be possible for you to do an updated video regarding socialism and capitalism for 2018? Thank you for what you do.
Dave didn't explain capitalism or socialism. Capitalism = you can amass unlimited wealth. Wealth can be taken only by 1 judge or 12 unanimous jurors, who stand up to the mob's district attorney, & who find you guilty of something. Socialism = the majority votes to take or simply takes your wealth. Both are in the Constitution. Capitalism = Due Process Bill of Rights Amendments 4 thru 8. Socialism = Eminent Domain clause end of 5th Amendment, loophole around Due Process. Capitalism is your individual freedom to keep your money. Socialism is the group's right to take your money for a purpose greater than the sacrificed individual.
Yea don't mention slavery or anything. Big fan but definitely missed a huge point
Because slavery is legal in the U.S.?
@@thrillmonkey it was. Cheap labor created the US. Why they been fighting unions since the 1880s
@@williamerazo3921 and notice how we abolished it over a hundred years ago while other countries continue to practice it
@@Subanator they weren’t as big as the United States
@@williamerazo3921 lol, are you serious right now? Bro, learn history.
Dave..big fan but stay in your lane please. We have a Socialized Capitalism here in this country. The “free market enterprise” part of our capitalism is backstopped by the Federal Government. Any command economic activity by a central governing authority ie; Congress, The Federal Reserve , Executive Decree, state, city municipality etc ..is pure socialism. Thank you and good day to you
federal reserve is facist
Don't mix religion anywhere and everywhere
Why? What are you afraid of?
What about my bank making up fees without telling me then charging me those fees without telling me, but you are right in the end
I haven't met one person who join the military to fight for socialism.. Just saying.
If the problem of freedom is the misuse of it, and the problem of socialism is force against people, let freedom come! Why would anybody stand for something that drains their money away, promotes jobs for the boys "helping" the poor, highly regulates their economic lives, while helping big businesses, etc? The biggest slice of the tax money stays WITHIN the administrative machine, is not give to the poor to "help" them!
When Jesus fed the multitude, did he say, "I cannot feed these people, that would hurt their incentive to better themselves."?
littlebit080780 I'm pretty sure it's quoted if I teach people to fish they can feed themselves. People here in the states have been taught, they just choose not to listen.
littlebit080780. No, not at that time because they'd followed out into the wilderness to hear him speak, but faced real perils on their journey home from lack of physical nourishment. But later you see others who followed Him across the sea to whom Jesus told them assuredly you have come because you ate and your stomachs were full, but I have come to give you bread so that you will never hunger again.
Jesus didn't take the fish and loaves with a sword. It was given voluntarily. That's charity. Taking something by force or threat of force and giving it or part of it to someone else is socialism.
When Jesus fed the multitude, did he use the wealth of the rich to do so or did he use own means to service his people?
Joshua S. "Taking something by force or threat of force and giving it or part of it to someone else is socialism." No it's either communism or capitalism as practised in the USA. How about all those military bases around the world. Guantanamo in Cuba is a prime example. The USA refuses to leave Cuba.
I think there should be a middle ground so everybody has money to spend and be happy which in turn gives money to the capitalist companies. Too much capitalism might turn out to be hoarding money and nobody else would be able to spend money to gain more money.
Well spoken Mr. Ramsey.
This is truly one-sided. He explains why much of a success capitalism is and even relates it back to religious value (?) It doesn't accurately compare both systems with its advantages and disadvantages. Capitalism is a great system, but at some degree; social injustice is usually common. e.g. a man earning millions over stand up and people laugh while a hard-working labourer cant earn enough to feed his family, let alone himself. Socialism on the other hand is also a great system, but at some degree also. Both work in their own way but if used together, and properly, poverty and injustice would be a thing of the past!
I will not argue that capitalism is greatest engine to produce wealth that we know of, that doesn't mean that pure unregulated capitalism is a desirable thing. The best moderating influence on capitalism is socialism, and the best moderating influence on socialism is capitalism.
Is it really so complicated to do the right thing. In a world of excess there is no reason that we should suffer from lack of basic needs. Is it ridiculous idea that our basic human needs (healthcare, housing, food...) should be met with consequences for the working class and poor. We should still have a system for rewards (better jobs that we actually enjoy, a nicer car, and other personal rewards) meanwhile haveing our needs met and all of this bundled up into a nice little package? Does this have to be Socialism vs Capitalism? Why can’t it be both?
Capitalism ALL DAY!!
And $34,000 DOESN'T pay the bills! A state college BA cost $150,000, minimum! How do you pay that on $34,000?
You... you don't get the worthless state college BA?
@@Matt-dq8dx Preach sir! (He also said global economy, not just the US) Never went to college and make the same as my wife who is a BA RN at State Hospital Labor and Delivery nurse.... Yet I have no $600+ a month studen loan bill!
If you're spending over 100k on education you did it wrong
doesn't like socialism, but i bet he takes advantage of every program out there, or will! Medicare, Social Security, and every single govt funding thing from highways, schools, and other infrastructure.
I came to this video from listening to a Dr Richard wolf debate, capitalism vs socialism. You guys should check it out, it never hurts to learn a new thing.
I agree. Ramsey has no idea what he's talking about in regards to Socialism/Communism. And, his assertion that "capitalism gives the little man a chance". That is just blatantly false. Also, as Professor Wolf can point out, we have never had true Communism (except maybe the Paris Commune and a few other isolated examples). We have only ever had Authoritarian Socialism.
Bernie Sanders 2016
Get money out of politics and fight the billionaire class
Aaron Bauschardt Just surrender your.freedom to s centralized government just don't give mine away
threre is a big difference from a central government that has some power to a central gov't that has absolute absolute power
socialism must control the economy when you take control of the economy and production and disruption of wealth you control peoples lives witch will take coercion by government authority to do.
Brian Cain Brian most large businesses already produce in other countries and sell their products to the US and Europe. Social democracy is basically socialism lite or you could call it welfare capitalism. It is where the healthcare system is nationalized and there are strong social saftey net programs for the middle and working class.There is still the free market for people to start businesses etc If the middle class had more money in their pockets then they would spend it on products which would create jobs. I love how you don't even criticize me you just tell me I am wrong and don't explain why.
We also made a load of money with slavery.
Our free labor source.
Only the plantation owners. The rest of us had Great grandparents who worked like dogs
Omg...is this guy for real? There is a country right above you that does everything better and our citizens don't have to choose food or healthcare.
10 years later nothing has change and never will
The Bible was written by men. To get people to pay close attention to its content, its authors claimed it was the word of God.
People with higher income have a higher tax rate.
But what I think is the best advantage with our system is that it takes the worry away - no need to worry if the health insurance will cover whatever sickness you (or your children) might get. and no need to worry how you will give your children a good education (and with that the best starting point in live). Many things can be said to be wrong with the system- but I think taking that stress off people is good..
Norway, Demark, and Switzerland have such high standards of living because there are extremely rich countries with very low populations. However, larger countries can't support their large number of citizens with these "free" services.
Although I wish that it was so, the world just isn't that simple.
Just because you make more money with Capitalism doesn't mean that you actually have more wealth per se. A lot of people who make 35K a year are drowning in debt hopelessly from medical bills, student loans, and credit card debt that life emergencies has caused them to have to rack up. They have no net worth and they don't have a better quality of life than people in socialist countries in all phases of life. They may just have slightly ahead of the curve technology. And because society is so competitive, people are more stressed and there is more crime so they usually aren't safer... that is a provable fact when compared to socialist countries.
There are only 2 socialist countries in existence today, Cuba and North Korea, why don't you put your money where your mouth is and move to one of those socialist utopia's?
Malsipots you mis-label socialist countries with communist countries; and while we are at it, we can make a list of extremes to make any system look bad. DRC-Congo and Liberia are capitalist countries that are hopelessly poor; that must mean that capitalism drives countries into poverty!
smilyle
There are no successful socialist countries. Give us one example.
bighands69 Trinidad and Tobago
Stay up to date with the latest videos from The Dave Ramsey Show by subscribing!
ua-cam.com/users/DaveRamseyShow
I agree,'Fruits From a Poisonous Tree's is a great way for understanding your logic.!⚕️👷🎖️
Freedom does not equal capitalism. The free markets are only as free as the regulation that sets the rules for how the financial system operates. This system in the US is currently written and implemented by those that can lobby Congress ie. the super wealthy
The sharing in the Bible was done VOLUNTARILY out of the goodness of their hearts, because they wanted to, not by force of governmental Tyranny.
Gonna say "no" to God?
Bubba Brand- you should listen to Dave's show and maybe read total money makeover. I've got myself in a lot of debt too but thanks to his teaching I've diagnosed what's gotten me there and I'm getting out. You don't have to be in debt for the entirety of your life.