What's interesting to me is that he doesn't discuss the total absence of private land ownership in China, the communal nature of all agricultural land, or the dominance of SOEs in their economy. Also no discussion of the specific state programs that have been utilised to directly lift these predominately rural communities located in-land out of poverty, or the involvement of some 90 million people from the CPC. He instead attributes these achievements to a vaguely defined "shareholder capitalism". Moreover, he also dismisses the communist economic system out of hand with no explanation or justification. Also a bit misleading to use the percentile graph to portray the lowest income groups as "winners". 75% growth in a $1 a day income is just $1.75. That's incomparable with 300% of the several billion dollars held by 1%ers. The truth of the matter is that the vast majority of all the wealth produced in the past 30 years has been stolen from the world's workers, the people that actually produced it. Their labour produces all this surplus value and it has been siphoned by the 1%. This video is a thinly veiled propaganda piece for the "merits" of capitalism by attributing the state achievements of a socialist country to a global mode of production that doesn't function in China in any way like it does in the west.
China's economic reform which made the boom was basically that the government stopped planning and let the free market run 😂 If you live in a western country, you already have that.
I''m glad there was already criticism on this video before Tom Nicholas's video about it came out (about its sponsor and the way this video misinforms)
@El Dimos Karam Sorry but nope. Corporations just buy up the regulators, and - to be extra safe - donate to both political parties. That way whichever party wins (and is in charge of legislating over regulation) they get to control the regulatipn process. Its called regulatory capture.
"If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people." - Chinese Proverb
@@homosapien3034 China's re-educating a small group of Muslims who are extremists (any ordinary Chinese would call them terrorists but I do respect that the western media give them names like "human rights activists"). That small group of extremists have caused trouble in the XinJiang region in the past decade, who basically whip out knives to slaughter people that don't believe in their version of the religion. As a person who don't believe in their version of the religion (like the majority of the Chinese population and even the majority of the Chinese Muslims who believe in other versions of the religion), I don't see anything wrong with re-educating them to not kill other people. Also, as a female myself, I think it is important for all women to realize that they are not born to be belongings/offspring-production machines for men, and I don't find anything wrong with the Chinese government educating those women about this.
I read the book that he promoted. It advocates for cooperations getting to directly make decisions about international politics instead of nation states. That seems pretty negative. Ngl.
Yes, indeed. Not a very popular idea at all and one that nobody would entertain. Thats where propagandists enter the picture and try to sell us that notion of allowing corporations a seat at the UN as a good thing.
Well it is funded by the world economic forum which is a lobbying organisation funded by lots of multinational companies, so maybe that's why he's shilling this shit?
“Free market” well today the whole gamestop, amc stock market movement happened. Its a free market when billionaires dont lose money the second they do we cant buy stock. $AMC
It was the government that forced robinhood’s hand. In their eyes, they popped a very obvious bubble that would cause a lot of “TO THE MOON 🚀 “ people to lose a lot of money. It always happens in pump-n-dumps. Yeah they killed the meme but it was smart fiscal policy.
@@Valvad0ss A lot of retail investors are going to get hurt after this short squeeze, it's not just some couple of billionaires who gets squeezed out of their money.
yeah this video was bad. in "stakeholder capitalism", as long as the means of production stay in few private hands, they will use their wealth and power to undo any progress you perceive and devolve into current capitalism once again. it only takes time. super naive take.
Yeah, exctly. The WEF is a forum in which the 1% debate what they think is best for the globe. The issue is what about the opinion and livelihoods of the other 99%?
Regarding your chart on China"s increase in CO2 emissions, this is not entirely due to the Chinese population. When the industrialized West moved its production and factories to China, it also moved the energy requirements, CO2 emissions, industrial waste and other industrial pollutions. So these China increases in CO2 emissions is really the result of moving factories from one country to another.
and due to China's highest efficiency in industrial production, the whole world's CO2 emissions even became less than move the productions back to Western countries.
it's not because of the Chinese population at all, it's lack of regulations from the Chinese government. But if they do put stricter regulations, it would be less appealing for companies to build factories, resulting in a loss for China
@@Z_RE0 Your statement is based on the long-standing propaganda from the media. However, the reality is not as you described. Firstly, China is known as the world's factory, with products exported globally. This means that China is shouldering the emissions that would have been dispersed among factories around the world. Secondly, during the 1990s, China was in a phase of rapid development, and at that time, not only China but the entire world did not pay enough attention to environmental issues. However, because hosting the 2008 Olympic Games was an important opportunity for China to showcase its image to the world, China began to place more emphasis on environmental protection, starting around 2008. It then introduced a "sustainable development strategy" and placed increasing importance on environmental protection, with strict enforcement requirements. Although there has been a process of adjustment, China has been making efforts. Ten years ago, when new leaders took office, they placed even greater emphasis on environmental protection than their predecessors. The simplest example is that China has added forest area through afforestation that exceeds the size of a country like Belgium. Additionally, China has made significant progress in desert control. Clearly, these achievements cannot appear immediately after the strengthening of environmental protection policies. On the contrary, these "results" you see now are evidence of China's early emphasis on environmental protection. In conclusion, it is not your fault to hold biases against China. You have simply been blinded by the media. If you have the opportunity, you are welcome to come to China and see for yourself, to experience it firsthand.
Very rare to see that instead of people with no knowledge of socialism spamming "communism bad" and "but muh human nature" we actually get informed critiques of the WEF for once.
“Welcome to 2030. I own nothing, have no privacy, and life has never been better.” -World economic forum. Joe Biden’s slogan “Build back better”....World economic forum slogan “Build back better”. Don’t use google search engine, but instead use DuckDuckGo and search “what is the Great Reset”.
I think within the context of the video, using gross CO2 emissions is logical. The growth rate of China's CO2 emissions highlights their economic strength and growth owing to capitalism. As well as the subsequent dangers that ensue from Friedman's economic thinking. But you are right. Lifestyle and factors other than just production play a role in CO2 emissions. China cannot be held entirely accountable for global emissions.
He is american, their education is so awful and filled with lies. He just found out the US starts wars for oil, racism and industry. He doesn't have any comprehension of the world outside of his american understanding.
Great comment! Literally so prejudiced. "Look at Mao, doing all this stupid stuff, and then they started to get smart and follow the brilliant, enlightened West...". Absurd.
Take into account too who keep buying those products from China. It’s the west who kept yelling global warming and we should boycott palm oil as it kills the cute orang utans
@@altobarn9595 The world's response to conserving endangered species is a joke to begin with. We should be crying for every million spent on pandas, and other cute, but ecologically useless & hard to save animals.
I looked at the same website where he got that CO2 emission chart from. Not only the US has the twice amount of CO2 emission per capita than China, Australia, Canada and few other countries also have double the amount of emissions. What shocked me the most is Mongolia, how can they have like 3 times of China’s emission per capita. What happened to them, it increased rapidly just in recent few years, lol.
Crazy how I literally knew that the U.S. has the largest historical emissions but I didn't blink twice when he said "China: the world's largest emitter" 🤦🏽♂️
Of course their per capita is lower, they have over a billion people, half of which is still extremely poor and a quarter, roughly a little less than the entire US population live below the poverty line. As the CCP continue to build coal plants and these people gain electricity and wealth their per capita will rise sharply. And they should become a wealthy country, but as that happens their emissions will only go up and the planet will continue to get worse. Hopefully they switch to nuclear or nat gas or renewable but we'll see. India will go through something similar as well. Its a really complicated issue.
I just think it's weird how China's successes are "because of capitalism" and their failures are "because of communism." The industrialization that led to disastrous effects in the earlier modern history of the USSR or China also led to disastrous effects in the US and Europe when it was first implemented. The fall of communism practically destroyed Russia while the retention of communism propelled China. I'm not even saying this as an advocate of China's policies. It's just like the Western media has to try its hardest to avoid the obvious: China's economic plan worked.
Because the whole rise of China economically started with the phrase "Let some people be rich first". Infusion of capitalism into communism while retaining the state control is the primary reason behind China's rise. Communist control that threw away communist economics since Marx's Historical materialism only focuses on economics.
@@govind.m86 thats not really correct major oversimplification. Chinas markedly less capitalist than the west, and though it uses markets and private enterprise its very different from western, laizze faire "milton Friedman" style capitalism
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea? *"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@@TheManinBlack9054 And the World Economic Forum are just facilitators of goodness...and The IMF just had to save all those poor African countries from themselves...and the hundreds of oversea US military bases are just darn old peace keepers...what's a coup or two between friends...and we can all forget about climate change now because we've got electric vehicles and space travel to look forward to...
@@hugovalencia9370 he's a total WEF sell out man. I could sense it but didn't know until he straight out same out with it. Like coming out of the closet 👎
Yea this was really terrible. It really neglects to show how much damage Western powers caused to China. It also gives was too much credit to capitalism for China's rise. China was already growing fast by the time it started capitalistic reforms. And those reforms never went as far as the West but despite that it still has a faster growing economy than the West.
A lot of video miss the point that CPC view themselves as enterprise with social responsibility. Wall Street do not want that responsibility but want the government control for their own interest.
“Welcome to 2030. I own nothing, have no privacy, and life has never been better.” -World economic forum. Joe Biden’s slogan “Build back better”....World economic forum slogan “Build back better”. Don’t use google search engine, but instead use DuckDuckGo and search “what is the Great Reset”.
There is some lack of understanding the whole picture of economic development history in this video, Johnny Harris forgot to talk about Imperialism, and how this implied that there always had protectionism and state interfere on wealthy nations history. See Kicking Away the Ladder by Ha-joon Chang
John, this is 20 minutes videos, y'all have so much to say but then guys produce a full comprehensive study on capitalism with china at the centre and see how easy it is to cram 50 years of global imperialism into it. So much mouth , tsk tsk tsk
@@PHlophe easier then what your tiny brain can imagine, in simple form: China needs to fight imperialism --> the then government (ROC under NPC's rule) unable and unwilling to --> CCP took over China due to increasing popularity, which is because of their anti-imperialism stance --> CCP took up Soviet-style socialism which is obviously anti-imperialist, first worked well but then famine and cultural revolution just happened --> CCP leaders knowing that they need to build up capital for China, so adopted 'Socialism with Chinese characteristics', aka combining socialism with regulated market economy, still being anti-imperialist, leading to the boom of Chinese economy and power --> Today, CCP has obtained significant support from the Chinese people, while having the power to fight against the imperialistic USA
@@PHlophe and so to say the least, China is in NO means capitalist, although not really full socilaist but it is quite vastly different than pure capitalism, which allows it to be free of western imperialistic wraith, hence keeping most of its crucial power to Chinese people instead of western imperialists and capitalists
The Mao era was not completely meaningless. It had an industrial base and laid the foundation for future development. There is a story in China, when you are hungry, you eat a cake, but you still feel hungry, when you eat the third cake, you already feel full, but you can not say that the first cake is not effective
In Milton's vision. There is no collusion of government with businesses. So yeah if a business fails, they bear the cost. There is no bailout or political assistance in a nation that truly separates its economy from politics. Just as we in the past realized that religion is to be separate from politics.
ZeeShawn a wave of populism generally follows the types of economic recoveries that we saw in 2008 and that we see in 2020. 2008 gave us trump and bernie. It’ll be interesting to see who 2020 gives us. AOC and don jr maybe?
@@Bloberis Your comment is as valid as a Monarchist stating that "It's asinine to live without the divine right of a Monarch". For the sake of humanity. I sincerely hope for a future where markets are not responsive to the whims of demagogue politicians.
He might be contractually obligated to have it in his channel. But I guess he's enjoying his money, I don't think he gives a crap if he already signed with the WEF.
@@roytore5062he's not necessarily evil, but isn't good either if he's willing to sell out and compromise his credibility. Once the trust is lost it almost never is regained.
Firstly, attributing the development of the Chinese economy solely to capitalism is a very shallow and one-sided understanding. There are so many countries in the world that promote capitalism, but only a few have developed its economic quickly. secondly, this video says that the Chinese economy relies on sacrificing the environment and seizing job opportunities from other countries to develop its economy, with the aim of guiding viewers to have a negative impression of China. The reason for China's economic takeoff is not deeply analyzed in such a long video
@@louissparks-oz1cy he skipped over the opium wars, glossed over the bretton woods system completely, talked about a "great capitalist system that worked perfectly" before bretton woods (ww2 and the great depression).. and completely jumps from one point to another. his videos are pure amateur propaganda.
Nice video. But as a Chinese who lives in EU, I'd say you missed one key point that China has a large population. And consider to carbon dioxide emissions per capita, US has 16.1 tons, which is much higher than China which has only 7.2.
I was thinking the same. I am usually neutral on such western eastern stuff, but hey Americans are seriously wasting a lot more energy, producing a lot more co2 and general waste than anywhere else.
@@2humans1dog American, can confirm. Idiots brag about how America has so much and yet forget how much they waste and dump into the environment in their excess. At any rate, you aren't going to see the same ability (or inclination) to reduce corporate emissions in America, as you see in China. That's just a fact. Whether the state choose to is another story.
Eh, I don't really see that contextualization as changing much. No matter how you look at it, both countries need to get their CO2 emissions down and generally be more environmentally sustainable, and it is totally unimportant who has the technically worse emissions
Does a large population change the fact a country, whose policies dictate everything, emits a certain amount of C02? Your metric is irrelevant to the problem.
in capitalism everyone is busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ...... Capitalism will never shift to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
I freak out every time he says China got rich because of capitalism... China got rich offering cheap labour, no working rights and low taxes, which made it a heaven for immoral investors which betrayed the US
@@janmetdekorteachternaam3673 The "american dream" is quite undefined, for most it means you can get a job and make a family, which you used to be able to do before Nixon's neoliberalism
Stakeholder capitalism sounds nice but companies that "adopt" it usually just do it for PR reasons and nothing else. Capitalism from its most basic nature CAN NOT prioritize anything but profit for any amount of time
He doesn't even describe what it actually is, just mentions that it "acknowledges" that capitalism kinda sucks, so it is completely a PR stunt. But boOoOo socialism lmao
@@duhroof I kinda feel like he's one of those people who know something's wrong and are too smart not to figure it out eventually. Give it a year and he'll be singing the internationale
Kind of embarrassing this guy thinks any iteration of a capitalist system will be able to solve the multitude of crises our human society is facing. Socialism is very clearly the answer.
@@MylesRoachMusic idk like everyone he's had his brain pumped full of propaganda since he was born he's clearly really smart and sees there's a problem it's probably only a matter of time
@@razorwireclouds5708 The World Economic Forum is considered by some to be dangerous for several reasons: 1. Concentration of Power and Influence: - The WEF brings together a select group of global leaders from politics, business, and academia. Critics argue that this concentration of power allows a small, elite group to influence global policy and economic decisions without democratic oversight or accountability. 2. Global Governance and Agenda Setting: - The WEF's initiatives, like the Great Reset, aim to reshape global economic systems. Detractors worry that such agendas can lead to top-down, technocratic governance where decisions are made by unelected leaders, potentially undermining national sovereignty and democratic processes. 3. Economic Inequality: - Despite its stated goals of addressing inequality and promoting inclusive growth, the WEF is often criticized for its close ties to large corporations and wealthy individuals. This has led to skepticism about its commitment to genuinely addressing the systemic issues of economic inequality and wealth concentration. 4. Transparency and Accountability: - The WEF operates through private meetings and exclusive events, leading to concerns about a lack of transparency and public accountability. Critics argue that the decisions and policies discussed at the WEF can significantly impact global populations without their input or consent. 5. Corporate Influence: - The involvement of major multinational corporations in the WEF's initiatives raises concerns about corporate interests overshadowing public interest. There is apprehension that policies promoted by the WEF could prioritize profit and market expansion over environmental sustainability, workers' rights, and social justice. 6. Technological Control and Surveillance: - The WEF advocates for the adoption of advanced technologies such as AI, digital identity systems, and CBDC’s. While these technologies have potential benefits, there are fears about increased surveillance, loss of privacy, and potential misuse by governments and corporations, leading to a more controlled and monitored society. 7. Environmental Impact: - Although the WEF emphasizes the importance of sustainability, critics highlight the contradiction of holding events that result in significant carbon footprints. There is also skepticism about whether the forum's environmental initiatives are substantial or merely symbolic. These points reflect the concerns of those who view the WEF as a potential threat to democratic governance, economic equality, and individual freedoms. If you’re part of the majority of humanity-those who would have been called peasants, or everyone who isn’t in the 1%-you’d be naive to trust an unelected, malicious, and centralized group of people, especially if they are the ones who sit atop our hierarchy. Throughout history, those who have ruled societies have often demonstrated malicious intentions, prioritizing their own power and interests over the well-being of the general populace. Read history, learn about human society and how they’ve functioned throughout time.
China would naturally emit the most co2 as it has the highest population and also the world’s factory so that everyone on earth can enjoy their products. Despite this, comparing per capita, it’s still way lower than the US.
This is a problem that any developing countries must face in the process of development. Just like the previous industrial revolution, the United States and the United Kingdom also emitted more CO2 before. China is at this stage.
@The running man We started to close some polluting factories a few years ago, and we have been promoting new energy vehicles in recent years. Most importantly, we are promoting clean energy such as wind and solar power in some western regions. This is a big help in reducing greenhouse gas emissions from thermal power. There are other policies, too. So it's really just a matter of time before we go carbon neutral
"Capitalism is good, actually; also this was paid for by the biggest corporations profiting from capitalism" - Is this what Journalism looks like to you?
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@@TheManinBlack9054 From what I've seen, no it isn't. It can't even adapt to a pandemic and it has a singular focus to obtain more profits when such a thing should be furthest down in the list of priorities.
@@TheManinBlack9054 That doesn't matter. Whether or not capitalism is the correct system is irrelevant to the critique people are making here. Knowing whether or not a post is sponsored is super important and changes the meaning of the post. If he were making a video about how capitalism is great and it wasn't sponsored by the World Economic Forum then I would have less of a problem with it. The fact that it was made in partnership with an organization that has vested interests in keeping capitalism around, it's hard to take his opinion seriously, even if it is the correct opinion.
I despise Johnny Harris from when he made a video about Navalny. I guess I was really ignorant before, not seeing that he doesn't really care about how true his videos are, montage and cool effects are enough
The second graph is misleading since China has a population that is 5x of the US. Every developed country went through the phase that the economy growth consumes the environment. China and other Asian countries are experiencing that process and they were much more considerate comparing to western countries while they were at the same stage.
Also America and Europe are like 4x and 3x China's emissions when it comes to historical emissions (that total amount of CO2 that a country has emitted in its entire history)
@@Quell__ No one's saying that. But it does give some perspective - when you consider that China has consistently had 4x the population of America. It also shows that developing countries in the modern era face the restraints of climate change - while there were no obstacles to America/Europe's industrialisation as the science of climate change wasn't out yet when they industrialised.
@@Quell__ Thant’s why exchange and mutual respect is the key, from both side, people from both side need to understand in order to avoid conflicting. For me personally carbon emission is some kind of “rules” which is in favor of the industrialized countries if you think from emerging country’s perspective. Any better ideas how to encounter that? I would propose to trace the end user of those emitted CO2. Which means all CO2 a country produced but eventually turned into goods that are actually consumed by other countries, should be counted into that end users of that country. Such as China for consumer goods or the Netherlands for agricultural products . I am looking forward for other good ideas? :)
How is Apple exactly committed to change capitalism? They still focus on increasing profits for it's shareholders as a priority, no matter the cost or means.
Amen! You're totally correct, the very company that holds the title "Worlds FIRST Tillion dollar company" now ironically worth over 2 Trillion dollars!
@@casualgambit674 How is this guy a propaganda spreader. He literally lists negative things about China ??? So saying positive stuff about China is automatically considered to be propaganda. Our society has become so rotten with ppl like you. China is winning and we're not realizing they're better than us in almost any tehcnology these days + we have become so dependant on them that on world affairs they call the shots now. Let me state it like this : No global challenge can be solved without China = Denuclearisation of North Korea, Climate Change, Economic rebounce, Chip shortage ,and pandemic treaties
In fact, China has been working hard to protect the environment, ten years ago you can find that the air pollution in the major cities of China such as Beijing and Shanghai was very bad, then the government pushed a series of environmental remediation programs, pushed more electrification measures, more and more electric vehicles are driving on the roads in China, now there is almost no air pollution problem in the cities, the sky is clear again
Having visited Beijing, I am surprised how green it is! Although there is still some air pollution I think it's way less than it used to be and oh so many EVs! I think the air pollution can go down by 50% if people stop smoking 😆(just kidding).. or am I?
Viet Nam has done a good job of mixing the two. Very little unbridled capitalism yet small businesses enjoy many freedoms Americans could never dream of.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea? *"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
"Lets rely on magnanimous billionaire CEOs to think about the little guys and let us ween off their potential profits" Yeah you're a bit too optimistic if you think CEOs give ANY shits about anything past their own lifetime.
@@scottfranco1962 Even if we belive that he seriously and honestly think what he said, its all about saving capitalism and the stability of the status quo. Im here to belive that billionaires lately very worried, but they worried not because of the injustisies of the system, no they are fine with that, however they are worried about the system tipping over making them fall back amongs the commoners. Ofc they do everything to deescalate and diffuse the reaction, they have 50% of the wealth of the world to lose. They rather throw some bones just now which cost them practicaly nothing so they can keep their life largely unchanged.
@@scottfranco1962 Elon Musk literally enforces terrible conditions in his factories and backed a coup??? That is not him giving a shit about people. He also said he didn’t like COVID lockdowns, which literally save lives? So he makes people work in bad conditions, advocates for coups so he can get richer regardless of normal people AND wants people to suffer COVID with no restrictions? But of course he cares so much about people because he wants to go to space? Even that is a lie, he wants indentured servitude for ordinary people to be able to go to space. So yeah Elon Musk does not care about ordinary people.
I am a Chinese. In terms of carbon emissions, China is indeed the country with the highest carbon emissions, which is mainly related to China's large population, growing industry and automobile emissions. The most important thing is that China still finds China and needs emissions for development. But when it comes to per capita carbon emissions, China is the seventh
I heard that all that Carbon emissions were mainly from factories and coals from house hold, since coal is the cheapest form of heat during the winter seasons, but it is surprising that they use so much of it and still have tons and tons of it. Regardless I think China have unlimited potential because of the people. The backbone of any nation are the smart people who works on building the country, which is why USA was strong because it rely heavily on H1B visa, but that seems to be fading since many of them left and some decided not to come but instead stay in their country to help it grow. India's Silicon valley is hot right now along with China's silicon valley and now even South Korea and Japan's silicon valley but soon other Asian countries will play a huge role too, especially since there are so many chinese from mainland looking to invest in all of Asia like Cambodia, North Korea, Indonesia, Philiipines, Vietnam and I believe thailand too?Not sure about that one, but China is like the mass cleaning crew where they are establishing a relationship with so many nations.
How did he fail to mention the Opium wars? Is this a joke? Most of China’s carbon footprint comes from the goods it exports that are consumed in the west, so really it’s just the west’s carbon footprint that they’ve exported to China
@@kelanzhi7269 I tried translating your comment in Google-translate, and it it gives me total nonsense in both English and Dutch: "Sand Coin Wall Pack Youmo"
Bruh not cool. Disclose partnerships at the start of the video, not the end. I clicked the video off before I even got to the part where you disclosed that and am only learning about it now. I'mma unsub for that.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea? *"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
Currency is constantly getting devalued due to government printing money. It's not that wages aren't increasing but the money you receive is becoming worthless Overtime at a slow rate.
@@gabbar51ngh The organization that prints money and manages plans are not always the government. Not in the US (even though it is called the 'federal' bank). And for most of the world, it appears to be the government, but in reality it is the most powerful supporters of the current leader party. I know this may sound like a conspiracy theory, but policies and goals are actually pretty transparent.
Ngl weird the sponsorship wasn’t mentioned till the end. I didn’t even see that part the first time I watched this. There should be UA-cam’s sponsorship overlay somewhere here.
This is absolutely an ad, it tries to paint Walmart, JP Morgan, and Apple as socially and environmentally conscious businesses when they aren't. Probably the worst examples: Walmart paying low wages so that employees only continue to shop at Walmart, while the Walton Family is one of the richest families on the planet. Apple restricting or refusing third-party repair because it will mean people are less inclined to buy new devices if their old devices continue to function with a low-cost repair. JP Morgan, one of the largest financial institutions that took part in causing the 2008 crash,
China has 1.4billion people, US has only 350million people around , Europe’s population is also 350million around. Therefore, comparing China’s CO2 emissions directly to that of US and Europe is not fair.
Looks that citron report, they are basically killing the small time investors and profiting. The hedge funds of wall streets are unhappy that they lost millions... lost to the poor!!! Free market my ass!!!
It's funny how, in the USA, "socialism" seems to be a kind of taboo word, so much so that any policy that takes care of people is automatically labelled as such and considered "socialism" and hence "bad". At least, that's my feeling from Europe, I might have got the wrong impression, correct me if I'm wrong :)
You're not wrong. People here have a gross misunderstanding of what socialism is after having anti-soviet propaganda injected into our veins during the cold war. That red scare mentality has cemented itself in our culture for decades, all the while corporations have defanged and all but eliminated our labor unions and the media has become corporatized. I don't think there is any possible good ending for the path this country is going down.
Having lived in the US, I can tell you these idiots don't understand what socialism is meanwhile the rich are constantly getting bailed out and actually benefiting from socialist relief while so many of these poor morons stay on the bottom eating shit with no chance of upward mobility
@@benlacle1057 interesting. The hedge fund that was in trouble over GameStop shares was bailed out by other hedge funds. But they trade freely as the free market should work. Are they hypercritical or smart? They say the only place socialism works is in the family. I'd like to understand your views.
@@AlexsaurusRex What I'm mostly referencing is the wall street bailout in 2008. These people knowingly exploited many vulnerable people and screwed them over and got out scott-free. In my opinion, you need a balance of both ideologies where you don't allow for exploitation and also try and help those in need, in addition the way financial aid works with such high interest rates is so incredibly gross to me especially compared to European countries where the cost of college is significantly lower and it feels like education is a right and not a privilege only for those who can afford it. People misconstrue Socialism and use it as this boogeyman meanwhile in my view a lot of the people that hold that idiotic view are the ones being crushed by unchecked capitalism.
No, you are absolutely correct. Further, the right drums this word in the US to incite fear for any long term policies that might actually help the people. By hyping the fear, the less educated share of the popularion votes against their best interests.
As a Chinese, I appreciate your effort sharing our histroy to the entire free world. However, the history is continous, which can't be divided into numerous pieces. Although in the times of Mao's leadership, we made some mistakes. More importantly, the communist party managed to maintain the overall stable rule of the county, on which today's prosperity is bulit on.
OK, so how did you get here? If you do appreciate CCP's leadership, why you break the law, why you browse the websites that they forbade you to browse?
I came in thinking this would be either about how China is the bad guy or about how China is a perfect haven, but this video barely talked about China...
I freak out every time he says China got rich because of capitalism... China got rich offering cheap labour, no working rights and low taxes, which made it a heaven for immoral investors which betrayed the US
@@vc4510 what? No they didn’t haven’t u heard the Great Leap Forward ?? It’s the forced industrialization that starved 50 MILLION from famine and lack of agricultural and farming. They FAILED or were going to, Bc communism only takes takes takes from private market basically nobody makes profit Bc all revenue goes to government and in turn spent on military, taking care of the people Bc nobody has personal anything and depend upon government, and this system is BS it doesn’t work and never will look at Soviet Union So they added BS capitalism which still will never beat USA Bc incentives are low Bc gov still owns whatever they want
@@bigiron7547 idk what ur talking about but yeah they did industrial revolution was like 1700s and 1800s but back then China was Qing and they didn’t want all the new technology or whatever
Jesus wept! This is how hegemonies maintain their power, by converting those who might have a dissenting voice. Thatcher said her greatest achievement was Tony Blair. Johnny needs to study the role of unions, the group that is actually responsible for the prosperity of the West in the 20th century.
in capitalism everyone is busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ...... Capitalism will never shift to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
This video is pure propaganda. This video is a completely brutal takedown (he also references another popular video that completely destroyed this narrative): "Johnny Harris: Shameless Propagandist Debunked - The WEF & The Myth of Neoliberal Prosperity"
Feedback: I did enjoy editing, sound and animations were on spot but the core story felt compromised. Your videos were not pure click baits but this one felt like you hooked the audience and then did not talk enough about China and its economy / money / growth. Sure you related that all with capitalism but was that all you were supposed to produce? Unlike how you did with stories of middle east and those islands US stole, this one felt bit tasteless. Shortly, it lacked precision and details.
It's a partnered video and it shows. It's really pushing into explaining stakeholder capitalism and not much else. BTW the answer to crisis doesn't have to be stakeholder capitalism, especially, when there's little incentive for corpos to do it.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea? *"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 it seems like you don't understand the difference between capitalism and socialism. Let me give you a little introduction. Marx analyzed how capitalism produces commodities and found that the people who actually create value are poorly treated and ripped off. He said capitalism is good at generating wealth but distributes it highly inequality. Socialism is the solution to that distribution problem. Socialism simply says that workers should democratically own thier workplaces and thus you won't have someone in the middle taking all the profits that everyone helped to produced. The profits will be evenly distributed and you won't have a few people in society with all the power.
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@El Dimos Karam The people that innovate are still doing labor, they're not considered capitalist so they would still exist under a socialist system. I'd argue that they'd actually be more rewarded because then they would own that technology they created instead of some employer.
pure 100% unregulated capitalism is only about profit no matter how ... in capitalism we all are busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ....... Capitalism will never shift from shareholder capitalism to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
*Yes, China is just going back to its original position, it was once the superpower, and it will be again. 'Civilization’ can be a word more suitable than 'country‘ to describe China*
Way way too simplified theory... Captalism is employed in almost every country in the world, but why only a few several countries achieved an considerable economic growth. Something else is contributing, and much more complicated than just captalism...
Look at economic freedom index and see where most African, Latin American and Asian countries are. Capitalism is directly related to how wealthy your country is.
@@francogiobbimontesanti3826 Also compare that same graph to how much their government control/hands onto the goods/services There's this thing called "resource curse" where the country that focuses on one resource/industry Is more likely to be riddled with corruption/bribery/instability and ultimately poverty Because a huge chunk of the wealth depends on said industry (this is also similar to monopoly, one entity controlling supply) And that's why as a free-market guy. I view amazon/tesla as legal ponzis (no sane investor would buy high debt: revenue ratio unless the government has a culture of too important/big to fail bailouts, oh wait) Even though i love Tesla for their innovation.
Yes,I am faithful my country will become no1，and make real friendships with every country equally, instead America is boss,the others are dogs need listen everything what Americans says
I feel like to chinese ancient means anything before 1949 or something the word acient is used for literally any part of chinese history from Xia to Yuan to Qing everything is "ancient" and in this period called "ancient" all land that used to belong to it or had a Vassar state or been drawn on a map is "chinese territory"
I disliked this video and unsubscribed the day it came out. I too found it weird. A week later, I discover Tom on an unrelated subject. Later, I saw his video, and rewatched Johnny Harris'. Jesus man, Tom was right, Harris is a carrier of billionaire corporate propaganda! No shame, no scrupules. Unbelievable!
Exactly. I do not think this idea will work. History has proved that human are greedy. On the other hand, human fear power thus law, regulation or maybe revolution are the solution.
If you really think about it, they are doing more good things than bad. Look at how the world is advancing in terms of technology and ingenuity. The problem is when corporations and the government do each other favors to maintain power and money.
@@Y-x4f thats not true, most work 5 days week like any white collar worker. You cant have so many service and entertainment industry in China without allowing people time to spend money
@@aaronexdee2024 it is sad to see even the last bastion of free press, independent journalism, be pilfered by the icy claws of capitalism. If I were a more sentimental man I would cry, and I wouldn't blame any others for doing so too.
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@@swagsik390 I would publicly fund elections and make political action spending illegal, so elected officials cannot be influenced by campaign funds. I would also make ever politician liquidate all their stocks and business holdings over a modest amount and put it into 20-Year US Treasury Bonds. Furthermore, while I am at it. I would switch to a single house parliamentary form of government with a Prime Minister and dictate that there be 1 member of parliament for every 100,000 people. Next, I would dictate that all conversations/communications with any lobbyist or anyone else has to be made on the record and available for public scrutiny - so, no more back door meetings. I could go on.
@@timothy9874 Where do you live? I agree that the political system in the us just doesn't work well but how would you like to control the spending of millionaires and political parties?
@@kars1504 USA. As, I said in my response to @Sadik Sajib, see above, I would publicly fund elections and ban campaign contributions. I'd also support heavier taxes on income (especially capital gains) above 100k per person and a wealth tax.
So basically to sum it up "Capitalism is a bad system so let's try this other version of the same system which is supported by Walmart and Apple who just happen to be the most cruel and exploitative corporations in the world".
I believe the point was to show that large companies such as those mentioned also use this model to offset the potential impression that the idea of stakeholder capitalism could be viewed as extremely liberal
Companies dont give a shit about anyone expect themselves. All they wanna do is make money, they dont care about the environment, or peoples wellbeing. Short. Term. Growth. This whole video was just capitalist propaganda.
@@Freakyjohnsson1 You are right, Apple paid 0.005% in taxes in 2014 when it shifted its EU owing taxes to Ireland. Look at the 2016 14 billion fine, stakeholder capitalism doesn't make sense, who gets the final say if we have to account for economies, shareholders, employees, retailers and so on. Someone has to make a decision sometimes and who would do it. The entire video is a presentation for the world economic forum and its leader Klaus Schwab, the data he used was given to him but he presents it as a collaboration between 2 people. It would become so much easier when corporations can say we consulted everyone and this is the best choice. Power will just go to the corporations who have to pretend they have everyone's best interests in mind. The big circle with all those smaller floating circles he showed at around 13:28.
Partner with the world economic forum 💀💀💀 The guys from Switzerland who say that we should stop driving cars while they fly in they're private jets. Yep they sure got our best interest in mind 💯. You earned my dislike
The discussion of Deng's visit to Singapore in the 70s -- as well as the other emerging Asian economies referenced -- unfortunately ignores the fact that these were not democracies as we understand them, nor were they "free market". Singapore was (is) a one-party, corporatist state, with a planned, modern economy, with significant government intervention. It was also very successful. The other fast growing countries in the region at the time were largely authoritarian, as well -- South Korea was ruled under the military dictatorship of Park Chung-Hee (1963-1979); Suharto's "New Order" in Indonesia (1968-1998), military rule in Thailand (1976-1980). And, of course, China continued as a one-party state, with a massive role for state planning, state capitalism. Clearly, the answer to the question of "how China became so powerful" has nothing to do with free-market capitalism, for that is not the model Deng adopted (according to this video)
State intervention in the economy is much greater in the Us than in Singapore nowadays. Hence why Singapore ranks 1-2 in economic freedom while the US doesn't even make top 10
The book he is getting alot of this from openly states that Singapore is a state capitalist system but he never mentions that bc it show other options the "stakeholder capitalism"
The worst problem with western politicians and media is that, they always say “…the democracy as we understand it…” If we get a vote via honest referendum in the whole world, it can be guaranteed over 70% would prefer to have the Chinese version of true democracy, and despise the western version of (pseudo) democracy.
totally agree with you friend, without the appropriate intervetion from gov, economy from 1960 cannot have real development from its core. This is also true for US before 1980s when those large corporation in in financial sectors nowadays were heavily taxed and restricted by the us gov then
Disappointing to see paid propaganda on this channel. Although it's good you disclosed it, it's still no secret that the world economic forum has its own agenda that includes making capitalism popular among young people again, despite it not being a sustainable economic system. This 'stakeholder' capitalism thing just sounds like an attempt to rebrand, and it looks like they're trying to dress it up as journalism to me.
@@albertcamus929 uh condensing a 30 -minute video essay into the most important points in a digestible way that clearly conveys the message? People get paid to do that kind of thing
not Chinese citizen, but am an Asian. kinda unfair to left out Western in the past (decades before WWII) when talking about carbon emissions etc. I mean, they tasted the same thing. high profit and neglecting the environment. agree it's bad, but to potray it as solely Asian's sins is.. ¯\_(ツ)_/¯
Yeah it's on track for developing nations for higher population. It's despicable when people blame Asia for growing the way Western countries laid the path for them
It's pre-1970s. I still remember the smell of soot in Toronto and how dirty winters were - before the *deindustrialization*. The dead Thames and smog in LA. Younger people today take what they have for granted.
John: Capitalism is the problem.. Also John: Capitalism is the solution! Also also John: This video is sponsored by the World Economic Forum. Also also also John: I am not a (paid) propagandist. Also also also also John: Profit! Ok John.
Wait, so the solution to capitalism is more capitalism? I'm not saying it should be socialism, but changing "shareholder" to "stakeholder" as a modifier is weirdly vague... What actually IS "stakeholder" capitalism??? It's not really explained in this video.
@@Martin-dx6ql I'd like to say something on your comment here, and i hope you read my response with an open mind freind! Because I believe I have a different perspective to add here that you'd not have heard otherwise, and may easily change your mind. I will continue! This man isn't the first to use the term stakeholder capitalism, I've experienced it tossed around before. The B corporations, if you've heard of them, are a group of corporations who say that they will do x or y to midigate climate change. They held a talk at a University I live near and they used the term to describe themselves aswell. The fact of the matter is, stakeholder capitalism is certainly not socialism. those who use the term make sure to make that distinction. They support free markets, private industry, and liberal democracy. They simply believe that private industries should look at people's needs a bit more. Socialism on the other hand, according to Marx, Engels, Lenin, etc, wishes for the working class to stage revolution against capitalism. So that after this revolution they may instate a dictatorship of the proletariat, which is a form of governance in which the interests of the working class are furthered against the interests of private industry. The abolition of the market, of private property, and liberal democracy (they favor a socialist republic model) is the end goal. As you can see, they are very different things! And both the learned supporters of stakeholder capitalism, the people who Invented the term in the first place, and socialists agree that they are distinct ideas! Thank you for paying attention freind!
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea? *"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@oracle8192 dear friend, there was a smiley face in my comment. i'm familiar with the term 'stakeholder capitalism'. unfortunately this comment section doesn't seem to allow links but in a previous attempt to answer your comment i linked to a thought slime video on the subject of the great reset.
@@TheManinBlack9054 did you know that you can get paid and sponsored for making these comments? i asked economics professor richard wolf, he kinda said it might work.
4:01 is a picture taken in the Republic of China between 1912 to 1949 and 4:03 is from the 1930s also in the Republic of China, not from the 70’s like you’re falsely claiming to your ignorant audience. Suffering was magnified by present US ally Japan who to this day denies their disgusting war crimes
Not to say that didn’t happen but the Japanese hate is actually disgusting from china, all a diversion from their issues, oh we transport cooking oil and gas in the same tankers? But Japanese oil is also bad?
My dude if you are talking about mid 20th century China and failed to mention the millions massacred by the Japanese and the war crimes that set back Chinese infrastructure and society by decades, you may have skimmed over way too many details
He also didn't mention the millions that died in the cultural revolution over a long sustained time, causing FAR more damage than Imperial Japan did. Not only killing as many as 20 million people, but driving them deeper and deeper into poverty. Quit fomenting racism and hate.You obviously missed the point of the video.
@@TheNewGreenIsBlue 20million is just a figure from the west guessing china should grow to this much ppl in this year but fail to meet it so they estimated all the death from there, get ur fact right china growth from 450millions to 1.4billions under just a few decade but when they lead by the democracy kmt government the china propulation actually declined during the 4 decade government by kmt. Keep crying also doesnt change the fact china is doing way better than anyone else
@@TheNewGreenIsBlue are you really whataboutisming the asian holocaust right now? The japanese literally slashed their way through asia killing millions, everyone in SEA has had a grandparent or great grandparent relay the horrors and atrocities they witnessed. Despite this, we still consume a lot of Japanese products and culture today because we don't blame the new generation. But it just irks me that whenever their war crimes are mentioned, people automatically jump to racism.
pure 100% unregulated capitalism is only about profit no matter how ... in capitalism we all are busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ....... Capitalism will never shift from shareholder capitalism to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
@@grandduos4423 yeah well socialism sounds nice and all but looking at history it never worked very well. Everyone loves universal basic income and free shit from the government but you know where the UBI comes from? You, the taxpayer
@@narutomgm You should do at least five minutes of research of that claim. To see that it's nonsense. Also, how many lives a year does capitalism claim?
Scandinavian social democracy with strong influence of free capitalism has good models for functioning balanced society, but as a christian democrat (who dont believe in utopia but man fallible sinfull egotistical nature) in Sweden I am very sceptical of a too strong goverment who intervenes and controlls and tries to get more and more controll.. Power corrupt and the people in power always want more power. it is human nature, that is why you need to regulate both goverment and private sector they can both become corrupted or greedy very easily.. Paradoxically with regulation comes freedom, it balanaces peoples wills and interest in a democratic fashion when society regulates our freedoms through politics. Society needs counterweights and messures to not be slanted in to either ditch.
A little knowledge of a complex topic is worse than ignorance. I find this video to be lacking and misleading (not in a malicious way, but out of ignorance). The superficial explanations of the different economical systems and the single focus of Shenzhen (and not even a deep focus), the very badly scaled elephant graph, and the very convenient stakeholder capitalism explained on such a high level that it's not even clear why companies like Apple would want to adopt it (guess what, they won't unless there's a profit to be made). @Johnny Harris, by now I hold you to high standards. I hope you do more videos on economics and China, but I'd suggest you to narrow your focus or make your videos longer.
Not to mention his partnership with the World Economic Forum, which essentially all but co-produced this video. A written version of this script is published as an opinion piece on their site, it coincides with their event on Davos, it has an embed to this video and that written script is co-written by one of the most senior PR executives the WEF. Tom Nicholas has an amazing video exposing this: "Johnny Harris: A Story of UA-cam Propaganda".
Sorry dude. This guy’s a shill for globalist oligarchs and corporatists. Unless you actually WANT the world to descend into a neofeudalist dystopia I’d find someone else to watch.
@@TheManinBlack9054 For some. Nothing is ever bad for everyone. Be that as it may. You seem to think in black and white rather than shades of grey, so please DO tell me what’s so great about globalism.
@@cybershadow136 Wow, watched that video now. It certainly puts things in perspective, and this video suddenly makes more sense (not the content, but the underlying reason).
I wish you could elaborate more about "stakeholder capitalism". For example, how could they implement that kind of economic theory? What are the incentives that would make it an effective strategy? Just simply saying "corporations should not only look out for their shareholders because of the environment" is preachy and shallow.
Not only that but he fails to go into the detail about why these companies push for environmentalism. The truth of the matter is that these companies can just move or use their lawyers to negotiate the environmental regulations... It's their smaller competitors who are really in trouble.
In fact, in the current capitalist market, a capitalist can get more than 80%In order to avoid class contradictions, they wantonly use the name of freedom and democracy to incite seed antagonism and all kinds of antagonism, as well as seed power contradictions, but they never touch the class interests behind them. Class contradictions are interesting that after the opening of the Chinese version, they also abandoned the banner of class struggle, which is also China's increasingly passive position in international public opinion.
I think huawei is the best example to this idea. 80% or 90%(i don't remember thr exact number) of huawei share are owned by the employees. Ren zheng fei the founder of huawei own only about 5%
@Weiwu Zhang China lifting more than 800,000,000 chinese out of poverty is also a fact.. And your biggest problem with china is actually all about this fact. Cut the crap about morality.. We all know that The success of china is your real problem.. It has nothing to do with the BS morality, freedom, or democracy
Walmart, Apple, and Chase all singed on to this “stakeholder capitalism?” File that under “I’ll believe it when I see it.” Seriously, that type of change has never come from the top down and is incredibly naive to believe otherwise.
There's no such thing as stakeholder capitalism. The goal of the rich is to increase capital, but this conflicts with the interests of the working class (higher wages, better work conditions etc.). While corporations and working people have their own interests, it's naive to think that corporations would voluntarily just start to function in a different way, in favor of others.
Was this a sponsored video? You haven't marked it clearly as such, but seems like you haven't even been the head writer on it - it was the WEF. Care to comment?
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea? *"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 The way Socialism has been implemented has been done wrong, I will never deny that. Even aspects like Foreign interference cannot explain the fact that Socialism has been put in place by Authoritarian dictators in gross ways. But look, I personally would love to change your opinion on the matter, but explaining Socialism through the internet would not do it justice (plus I'm not well versed on everything). What I will say is, as someone who believes on individual rights like owning a Gun and Freedom of Speech, it's hard to achieve that equally and righteously in a capitalistic structure. The Elites will take our rights no matter what for the sake of profit. Capitalism, especially in the modern times with all the advance technologies we've made, is backfiring on us. Our data information is sold to who knows what without our consent, the Media is owned by Corporations, Jobs are taken over by robots everyday, Schools care about profit and not education, etc. All of this comes down by us living in a structure that will not care about are individual value for just being human, but instead will care about our economic value. I will not deny that Capitalism had immense importance throughout Human history, but we are getting to its last straws. The rich will be richer, the poor will be poorer; Rights will be remove, and the Politicians/Authority will grow more powerful. Its time for change, not for some bullshit corporate idea about Stakeholder Capitalism. No hate here, like I stated, I'd love to change you, but that's for you to decide. Hopefully you understand my perspective, as I try to understand yours.
mans talking about social corporate responsibility and less about economic policies leading to china's boom
Yeah this should really have a different title.
He is literally NOT talking about China at all.
What's interesting to me is that he doesn't discuss the total absence of private land ownership in China, the communal nature of all agricultural land, or the dominance of SOEs in their economy. Also no discussion of the specific state programs that have been utilised to directly lift these predominately rural communities located in-land out of poverty, or the involvement of some 90 million people from the CPC. He instead attributes these achievements to a vaguely defined "shareholder capitalism". Moreover, he also dismisses the communist economic system out of hand with no explanation or justification. Also a bit misleading to use the percentile graph to portray the lowest income groups as "winners". 75% growth in a $1 a day income is just $1.75. That's incomparable with 300% of the several billion dollars held by 1%ers.
The truth of the matter is that the vast majority of all the wealth produced in the past 30 years has been stolen from the world's workers, the people that actually produced it. Their labour produces all this surplus value and it has been siphoned by the 1%. This video is a thinly veiled propaganda piece for the "merits" of capitalism by attributing the state achievements of a socialist country to a global mode of production that doesn't function in China in any way like it does in the west.
China's economic reform which made the boom was basically that the government stopped planning and let the free market run 😂 If you live in a western country, you already have that.
He just needed something to talk about untill the ad. Such a sell out video.
somehow I don't think that Walmart, Davos, and corporate social responsibility is going to be the vanguard of a clean and equitable society ....
Well I for one am shocked to hear that. Shocked I say! 😂
I''m glad there was already criticism on this video before Tom Nicholas's video about it came out (about its sponsor and the way this video misinforms)
@El Dimos Karam Sorry but nope. Corporations just buy up the regulators, and - to be extra safe - donate to both political parties. That way whichever party wins (and is in charge of legislating over regulation) they get to control the regulatipn process.
Its called regulatory capture.
@@somecuriosities That's not always how it plays out. America isn't the world.
Advertise long enough, every Liberal will think all those corporations are for social responsibility.
"If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people."
- Chinese Proverb
The Chinese sure know something about education campaigns.
(look up "china literacy campaigns")
Lao Tzu's good i guess
Siap mas Dimas 👍👍
This saying is from Guan Zhong, who actually came before Lao Tzu
@@homosapien3034 China's re-educating a small group of Muslims who are extremists (any ordinary Chinese would call them terrorists but I do respect that the western media give them names like "human rights activists"). That small group of extremists have caused trouble in the XinJiang region in the past decade, who basically whip out knives to slaughter people that don't believe in their version of the religion. As a person who don't believe in their version of the religion (like the majority of the Chinese population and even the majority of the Chinese Muslims who believe in other versions of the religion), I don't see anything wrong with re-educating them to not kill other people. Also, as a female myself, I think it is important for all women to realize that they are not born to be belongings/offspring-production machines for men, and I don't find anything wrong with the Chinese government educating those women about this.
I read the book that he promoted. It advocates for cooperations getting to directly make decisions about international politics instead of nation states. That seems pretty negative. Ngl.
Yes, indeed. Not a very popular idea at all and one that nobody would entertain. Thats where propagandists enter the picture and try to sell us that notion of allowing corporations a seat at the UN as a good thing.
Yes that's right. Johnny is spreading BS and everyone is gobbling it up because he's a WEF hack
ua-cam.com/video/6WvTW1I2nwI/v-deo.html
How did he fail to mention the Opium wars? Is this a joke?
Well it is funded by the world economic forum which is a lobbying organisation funded by lots of multinational companies, so maybe that's why he's shilling this shit?
He's just a shameless propagandist or a really dumb individual which can be seen when he's doing non-sponsored videos
“Free market” well today the whole gamestop, amc stock market movement happened. Its a free market when billionaires dont lose money the second they do we cant buy stock. $AMC
It was the government that forced robinhood’s hand. In their eyes, they popped a very obvious bubble that would cause a lot of “TO THE MOON 🚀 “ people to lose a lot of money. It always happens in pump-n-dumps. Yeah they killed the meme but it was smart fiscal policy.
@@therealchristian1 the govt is trying to sue Robinhood what are u talking about for doing it what are u talking about?
@@therealchristian1 it isn't smart fiscal policy. Please go away. It was smart policy if you are the top 80% earner in the world. Please dude.
@@Valvad0ss A lot of retail investors are going to get hurt after this short squeeze, it's not just some couple of billionaires who gets squeezed out of their money.
The free market operated as it should: Risky hedge funders lost at a risk.
That's pure ingenuity.
Let's trust corporations to change the world, the same ones that created the state of the world today... 😐
Yep! Shareholder capitalism is bad, but thankfully the shareholders have pinky-promised they'll consider all stakeholders now; problem solved! /s
I liked the video until the centrist approach he took at the end.
yeah this video was bad. in "stakeholder capitalism", as long as the means of production stay in few private hands, they will use their wealth and power to undo any progress you perceive and devolve into current capitalism once again. it only takes time. super naive take.
Right? After Johnny's videos on Imperialism, that are all about interests of corporations, I expected a more critical analysis from him.
Yeah, exctly.
The WEF is a forum in which the 1% debate what they think is best for the globe. The issue is what about the opinion and livelihoods of the other 99%?
first. (sorry I had to)
😆
Justin Y was a few seconds before you
Well played buddy.
Video on Taliban and usa involvement in Afghanistan
Second 😂
Regarding your chart on China"s increase in CO2 emissions, this is not entirely due to the Chinese population. When the industrialized West moved its production and factories to China, it also moved the energy requirements, CO2 emissions, industrial waste and other industrial pollutions. So these China increases in CO2 emissions is really the result of moving factories from one country to another.
and due to China's highest efficiency in industrial production, the whole world's CO2 emissions even became less than move the productions back to Western countries.
如果按照人均二氧化碳排放量计算，中国人均甚至是美国的三分之一
it's not because of the Chinese population at all, it's lack of regulations from the Chinese government. But if they do put stricter regulations, it would be less appealing for companies to build factories, resulting in a loss for China
@@Z_RE0已经非常严格了，一个中等工厂需要检测的项目达到了几乎50项。很多工厂对这些检测恨得牙痒。但没有任何办法。
@@Z_RE0 Your statement is based on the long-standing propaganda from the media. However, the reality is not as you described.
Firstly, China is known as the world's factory, with products exported globally. This means that China is shouldering the emissions that would have been dispersed among factories around the world.
Secondly, during the 1990s, China was in a phase of rapid development, and at that time, not only China but the entire world did not pay enough attention to environmental issues.
However, because hosting the 2008 Olympic Games was an important opportunity for China to showcase its image to the world, China began to place more emphasis on environmental protection, starting around 2008. It then introduced a "sustainable development strategy" and placed increasing importance on environmental protection, with strict enforcement requirements.
Although there has been a process of adjustment, China has been making efforts. Ten years ago, when new leaders took office, they placed even greater emphasis on environmental protection than their predecessors.
The simplest example is that China has added forest area through afforestation that exceeds the size of a country like Belgium. Additionally, China has made significant progress in desert control.
Clearly, these achievements cannot appear immediately after the strengthening of environmental protection policies. On the contrary, these "results" you see now are evidence of China's early emphasis on environmental protection.
In conclusion, it is not your fault to hold biases against China. You have simply been blinded by the media. If you have the opportunity, you are welcome to come to China and see for yourself, to experience it firsthand.
I love how this comment section is being critical of the video, not just swallowing the information
Very rare to see that instead of people with no knowledge of socialism spamming "communism bad" and "but muh human nature" we actually get informed critiques of the WEF for once.
@@CalebMaupintime communism is bad
“Welcome to 2030. I own nothing, have no privacy, and life has never been better.” -World economic forum. Joe Biden’s slogan “Build back better”....World economic forum slogan “Build back better”. Don’t use google search engine, but instead use DuckDuckGo and search “what is the Great Reset”.
@@ok-zm2yf he gon. It’ll take another decade. It’s called agenda 2030 on world economic forums website
@@ok-zm2yf 😂 true
It's unfair to just compare the gross CO2 emission. China has 1.4 billion people. You need to show CO2 emission per capita.
I think within the context of the video, using gross CO2 emissions is logical. The growth rate of China's CO2 emissions highlights their economic strength and growth owing to capitalism. As well as the subsequent dangers that ensue from Friedman's economic thinking. But you are right. Lifestyle and factors other than just production play a role in CO2 emissions. China cannot be held entirely accountable for global emissions.
Plus they have to make all the shit people want to buy for cheap then those same countries be like LOOK AT ALL THE EMISSIONS!
@@WayStedYou China's actual population is about 500-600 million people
@@warrenkensington6091 show proof
@@warrenkensington6091 No, China actually doesn’t exist, It’s a lie by western governments.
Title: How China became powerful
Conclusion: Corporations should take care of environment.
Exactly hhh
Lol
"capitalism will save us from the mess it got us into" yay, climate change solved!
Haha yeah, he’s so terribly naive!
He is american, their education is so awful and filled with lies. He just found out the US starts wars for oil, racism and industry. He doesn't have any comprehension of the world outside of his american understanding.
As a pure Chinese, this video literally made me vomit, completely immersed in the self-righteous Western worldview full of prejudice and prejudice😅
Great comment! Literally so prejudiced. "Look at Mao, doing all this stupid stuff, and then they started to get smart and follow the brilliant, enlightened West...". Absurd.
While i agree with you, wth do you mean with "prejudice and prejudice"?
😅
玩原神玩的你😅
I guess maybe he want to say pride and prejudice
Every time china's CO2 emissions are mentioned, and the fact they have half the emissions per capita of the US is omitted, I cringe.
Take into account too who keep buying those products from China. It’s the west who kept yelling global warming and we should boycott palm oil as it kills the cute orang utans
@@altobarn9595 The world's response to conserving endangered species is a joke to begin with. We should be crying for every million spent on pandas, and other cute, but ecologically useless & hard to save animals.
I looked at the same website where he got that CO2 emission chart from. Not only the US has the twice amount of CO2 emission per capita than China, Australia, Canada and few other countries also have double the amount of emissions. What shocked me the most is Mongolia, how can they have like 3 times of China’s emission per capita. What happened to them, it increased rapidly just in recent few years, lol.
Crazy how I literally knew that the U.S. has the largest historical emissions but I didn't blink twice when he said "China: the world's largest emitter" 🤦🏽♂️
Of course their per capita is lower, they have over a billion people, half of which is still extremely poor and a quarter, roughly a little less than the entire US population live below the poverty line. As the CCP continue to build coal plants and these people gain electricity and wealth their per capita will rise sharply. And they should become a wealthy country, but as that happens their emissions will only go up and the planet will continue to get worse. Hopefully they switch to nuclear or nat gas or renewable but we'll see. India will go through something similar as well. Its a really complicated issue.
I just think it's weird how China's successes are "because of capitalism" and their failures are "because of communism." The industrialization that led to disastrous effects in the earlier modern history of the USSR or China also led to disastrous effects in the US and Europe when it was first implemented. The fall of communism practically destroyed Russia while the retention of communism propelled China. I'm not even saying this as an advocate of China's policies. It's just like the Western media has to try its hardest to avoid the obvious: China's economic plan worked.
yeah exactly
Because the whole rise of China economically started with the phrase "Let some people be rich first". Infusion of capitalism into communism while retaining the state control is the primary reason behind China's rise.
Communist control that threw away communist economics since Marx's Historical materialism only focuses on economics.
@@govind.m86 thats not really correct major oversimplification. Chinas markedly less capitalist than the west, and though it uses markets and private enterprise its very different from western, laizze faire "milton Friedman" style capitalism
Newspeak from 1984, it is not Socialism, it is "stakeholder Capitalism".
Marx never dismissed capitalism. It is who power the capitalism.
Seriously? Claiming to be so anti establishment then partnering with and shilling for the WEF? Jesus.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea?
*"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 ok corporate shill bot pack it up
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@@TheManinBlack9054 I would rather live in a social-democratic state like Sweden.
@@TheManinBlack9054 And the World Economic Forum are just facilitators of goodness...and The IMF just had to save all those poor African countries from themselves...and the hundreds of oversea US military bases are just darn old peace keepers...what's a coup or two between friends...and we can all forget about climate change now because we've got electric vehicles and space travel to look forward to...
this is PragerU style retelling of history lmao
Yup
ua-cam.com/video/6WvTW1I2nwI/v-deo.html
How did he fail to mention the Opium wars? Is this a joke?
Haha this one was comical. Didn’t think he was that much a fan of WEF.
@@hugovalencia9370 he's a total WEF sell out man. I could sense it but didn't know until he straight out same out with it. Like coming out of the closet 👎
WEF propaganda right there.
Interesting, however I was hoping for a deeper look at China
Yea this was really terrible. It really neglects to show how much damage Western powers caused to China. It also gives was too much credit to capitalism for China's rise. China was already growing fast by the time it started capitalistic reforms. And those reforms never went as far as the West but despite that it still has a faster growing economy than the West.
It was a sponsored video to make WEF look better
Yeah I was expecting to at least hear about technology transfer centres
A lot of video miss the point that CPC view themselves as enterprise with social responsibility. Wall Street do not want that responsibility but want the government control for their own interest.
@Anurag Chakraborty
History, dangerously oversimplified.
Nicola Galasso U S A
exactly, this was quite a subpar naive video / take.
Well when you're supporting the WEF, its hard to present a accurate look at history, otherwise capitalism wouldn't look so good anymore.
Most of its videos are, and it's not really naively done, it's to show the point of view he supports and present it as facts.
“Welcome to 2030. I own nothing, have no privacy, and life has never been better.” -World economic forum. Joe Biden’s slogan “Build back better”....World economic forum slogan “Build back better”. Don’t use google search engine, but instead use DuckDuckGo and search “what is the Great Reset”.
There is some lack of understanding the whole picture of economic development history in this video, Johnny Harris forgot to talk about Imperialism, and how this implied that there always had protectionism and state interfere on wealthy nations history. See Kicking Away the Ladder by Ha-joon Chang
exactly!
John, this is 20 minutes videos, y'all have so much to say but then guys produce a full comprehensive study on capitalism with china at the centre and see how easy it is to cram 50 years of global imperialism into it. So much mouth , tsk tsk tsk
@@PHlophe easier then what your tiny brain can imagine, in simple form:
China needs to fight imperialism --> the then government (ROC under NPC's rule) unable and unwilling to --> CCP took over China due to increasing popularity, which is because of their anti-imperialism stance --> CCP took up Soviet-style socialism which is obviously anti-imperialist, first worked well but then famine and cultural revolution just happened --> CCP leaders knowing that they need to build up capital for China, so adopted 'Socialism with Chinese characteristics', aka combining socialism with regulated market economy, still being anti-imperialist, leading to the boom of Chinese economy and power --> Today, CCP has obtained significant support from the Chinese people, while having the power to fight against the imperialistic USA
@@PHlophe and so to say the least, China is in NO means capitalist, although not really full socilaist but it is quite vastly different than pure capitalism, which allows it to be free of western imperialistic wraith, hence keeping most of its crucial power to Chinese people instead of western imperialists and capitalists
@@zhuoweili937 你和他們懂我意思就夠了😏 中共對比起果還是天上和地心的區別
The Mao era was not completely meaningless. It had an industrial base and laid the foundation for future development. There is a story in China, when you are hungry, you eat a cake, but you still feel hungry, when you eat the third cake, you already feel full, but you can not say that the first cake is not effective
well said❤
Mao strengthened China to allow it to engage the west on China's terms and not be some pseudo colony like Japan/South Korea...
Mao era is very meanful,if not people need to spend more years to fight with the old government which was not a good one.
Mao's govt is meaningful to the world, because its a lesson on how not to do things.
@@oluwaseunfunmiayandokun8733Your contribution to humanity is enormous, because you let everyone know what fools are like
"If they fail, they bear the cost" see, that's never been a reality. At least not for those with (financial / economical / political) power.
If they fail, we bear the cost. Just check 2008 and 2020, these "too big to fail" businesses keep getting bailouts for their corporate screwups.
In Milton's vision. There is no collusion of government with businesses. So yeah if a business fails, they bear the cost. There is no bailout or political assistance in a nation that truly separates its economy from politics. Just as we in the past realized that religion is to be separate from politics.
ZeeShawn a wave of populism generally follows the types of economic recoveries that we saw in 2008 and that we see in 2020. 2008 gave us trump and bernie. It’ll be interesting to see who 2020 gives us. AOC and don jr maybe?
@@Dimetor7937 an economy separate from politics is not just an impossible idea, it is absurd to the point of being asinine
@@Bloberis Your comment is as valid as a Monarchist stating that "It's asinine to live without the divine right of a Monarch". For the sake of humanity. I sincerely hope for a future where markets are not responsive to the whims of demagogue politicians.
He was so close to recommending super capitalism.
Too bad he didnt mention aldens number
Alden's capitalism
Guess he's not capitalistic enough
voosh is everywhere
@Alden's Number POGGERS ITS ALDEN'S NUMBER GUYS
the fact that he hasn't taken this down is incredibly worrying
He might be contractually obligated to have it in his channel. But I guess he's enjoying his money, I don't think he gives a crap if he already signed with the WEF.
Why? Johnny is evil, what did you expect?
@@roytore5062he's not necessarily evil, but isn't good either if he's willing to sell out and compromise his credibility.
Once the trust is lost it almost never is regained.
@roytore5hey! Johnny is not evil!062
Wait I'm confused, why is it bad? (seriously asking)
This video has so much but SO MUCH incomplete or outright false information.
Like?
Firstly, attributing the development of the Chinese economy solely to capitalism is a very shallow and one-sided understanding. There are so many countries in the world that promote capitalism, but only a few have developed its economic quickly. secondly, this video says that the Chinese economy relies on sacrificing the environment and seizing job opportunities from other countries to develop its economy, with the aim of guiding viewers to have a negative impression of China. The reason for China's economic takeoff is not deeply analyzed in such a long video
@@Wolfwarrior2024 huh??
@@QianZhou-cm7li Don't forget it was an economic miracle. No explanation aside from capitalism needed.
@@louissparks-oz1cy he skipped over the opium wars, glossed over the bretton woods system completely, talked about a "great capitalist system that worked perfectly" before bretton woods (ww2 and the great depression).. and completely jumps from one point to another.
his videos are pure amateur propaganda.
Nice video. But as a Chinese who lives in EU, I'd say you missed one key point that China has a large population.
And consider to carbon dioxide emissions per capita, US has 16.1 tons, which is much higher than China which has only 7.2.
I was thinking the same. I am usually neutral on such western eastern stuff, but hey Americans are seriously wasting a lot more energy, producing a lot more co2 and general waste than anywhere else.
@@2humans1dog whities right
@@2humans1dog American, can confirm. Idiots brag about how America has so much and yet forget how much they waste and dump into the environment in their excess. At any rate, you aren't going to see the same ability (or inclination) to reduce corporate emissions in America, as you see in China. That's just a fact. Whether the state choose to is another story.
Eh, I don't really see that contextualization as changing much. No matter how you look at it, both countries need to get their CO2 emissions down and generally be more environmentally sustainable, and it is totally unimportant who has the technically worse emissions
Does a large population change the fact a country, whose policies dictate everything, emits a certain amount of C02? Your metric is irrelevant to the problem.
"yes, the planet got destroyed. but for a beautiful moment in time we created a lot of value for shareholders"
in capitalism everyone is busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ...... Capitalism will never shift to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
I freak out every time he says China got rich because of capitalism... China got rich offering cheap labour, no working rights and low taxes, which made it a heaven for immoral investors which betrayed the US
@@raimonestanol8234 The irony is that they betrayed the US by following the 'American dream'.
@@janmetdekorteachternaam3673 The "american dream" is quite undefined, for most it means you can get a job and make a family, which you used to be able to do before Nixon's neoliberalism
And the US and the UK haven't wrecked their environments for shareholders? It's not some unique thing specific to China
Stakeholder capitalism sounds nice but companies that "adopt" it usually just do it for PR reasons and nothing else. Capitalism from its most basic nature CAN NOT prioritize anything but profit for any amount of time
He doesn't even describe what it actually is, just mentions that it "acknowledges" that capitalism kinda sucks, so it is completely a PR stunt. But boOoOo socialism lmao
@@duhroof I kinda feel like he's one of those people who know something's wrong and are too smart not to figure it out eventually. Give it a year and he'll be singing the internationale
Kind of embarrassing this guy thinks any iteration of a capitalist system will be able to solve the multitude of crises our human society is facing. Socialism is very clearly the answer.
@@MylesRoachMusic idk like everyone he's had his brain pumped full of propaganda since he was born he's clearly really smart and sees there's a problem it's probably only a matter of time
Who cares why they do it? If they do it, in the end that's what matters
"sponsored by the WEF"
Executive Producer and Co-writer: Klaus Schwab.
what you mean?im chinese and im really curious@@anu1776
And?
@@razorwireclouds5708 The World Economic Forum is considered by some to be dangerous for several reasons:
1. Concentration of Power and Influence:
- The WEF brings together a select group of global leaders from politics, business, and academia. Critics argue that this concentration of power allows a small, elite group to influence global policy and economic decisions without democratic oversight or accountability.
2. Global Governance and Agenda Setting:
- The WEF's initiatives, like the Great Reset, aim to reshape global economic systems. Detractors worry that such agendas can lead to top-down, technocratic governance where decisions are made by unelected leaders, potentially undermining national sovereignty and democratic processes.
3. Economic Inequality:
- Despite its stated goals of addressing inequality and promoting inclusive growth, the WEF is often criticized for its close ties to large corporations and wealthy individuals. This has led to skepticism about its commitment to genuinely addressing the systemic issues of economic inequality and wealth concentration.
4. Transparency and Accountability:
- The WEF operates through private meetings and exclusive events, leading to concerns about a lack of transparency and public accountability. Critics argue that the decisions and policies discussed at the WEF can significantly impact global populations without their input or consent.
5. Corporate Influence:
- The involvement of major multinational corporations in the WEF's initiatives raises concerns about corporate interests overshadowing public interest. There is apprehension that policies promoted by the WEF could prioritize profit and market expansion over environmental sustainability, workers' rights, and social justice.
6. Technological Control and Surveillance:
- The WEF advocates for the adoption of advanced technologies such as AI, digital identity systems, and CBDC’s. While these technologies have potential benefits, there are fears about increased surveillance, loss of privacy, and potential misuse by governments and corporations, leading to a more controlled and monitored society.
7. Environmental Impact:
- Although the WEF emphasizes the importance of sustainability, critics highlight the contradiction of holding events that result in significant carbon footprints. There is also skepticism about whether the forum's environmental initiatives are substantial or merely symbolic.
These points reflect the concerns of those who view the WEF as a potential threat to democratic governance, economic equality, and individual freedoms.
If you’re part of the majority of humanity-those who would have been called peasants, or everyone who isn’t in the 1%-you’d be naive to trust an unelected, malicious, and centralized group of people, especially if they are the ones who sit atop our hierarchy.
Throughout history, those who have ruled societies have often demonstrated malicious intentions, prioritizing their own power and interests over the well-being of the general populace. Read history, learn about human society and how they’ve functioned throughout time.
@@razorwireclouds5708 seems like my response got deleted lmfao
China would naturally emit the most co2 as it has the highest population and also the world’s factory so that everyone on earth can enjoy their products. Despite this, comparing per capita, it’s still way lower than the US.
Greta Thunberg: But who cares
well, the US just want the products but not the co2
This is a problem that any developing countries must face in the process of development. Just like the previous industrial revolution, the United States and the United Kingdom also emitted more CO2 before. China is at this stage.
But Chinese government also promised to achieve carbon neutrality by 2030，it just takes time
@The running man We started to close some polluting factories a few years ago, and we have been promoting new energy vehicles in recent years. Most importantly, we are promoting clean energy such as wind and solar power in some western regions. This is a big help in reducing greenhouse gas emissions from thermal power. There are other policies, too. So it's really just a matter of time before we go carbon neutral
"Capitalism is good, actually; also this was paid for by the biggest corporations profiting from capitalism" - Is this what Journalism looks like to you?
Capitalism is good, actually.
@@TheManinBlack9054 This guy is commenting on every comment like the boot loving sheep he is, lamo
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@@TheManinBlack9054 From what I've seen, no it isn't. It can't even adapt to a pandemic and it has a singular focus to obtain more profits when such a thing should be furthest down in the list of priorities.
@@TheManinBlack9054 That doesn't matter. Whether or not capitalism is the correct system is irrelevant to the critique people are making here. Knowing whether or not a post is sponsored is super important and changes the meaning of the post. If he were making a video about how capitalism is great and it wasn't sponsored by the World Economic Forum then I would have less of a problem with it. The fact that it was made in partnership with an organization that has vested interests in keeping capitalism around, it's hard to take his opinion seriously, even if it is the correct opinion.
It's crazy how he just skip the opium wars
John: thats illegal
This has got to be the worst video he’s ever made. Just look at who sponsored the video, lol
That’s a whole different video
Exactly my doubt
This isn't about the decline of China, it's about how they came back. If he started talking about opium wars, we'd be here for an hour.
Has anyone watched Badempenadas debunking of this propaganda piece?
It's soooooo good
I despise Johnny Harris from when he made a video about Navalny. I guess I was really ignorant before, not seeing that he doesn't really care about how true his videos are, montage and cool effects are enough
@@al1sa920 Navalny was murdered in the russian prison , I guess Mr Harris was right .
I've been trying to paste the link in the comments to make sure other people see it before accepting this JH propaganda as dogma
The second graph is misleading since China has a population that is 5x of the US. Every developed country went through the phase that the economy growth consumes the environment. China and other Asian countries are experiencing that process and they were much more considerate comparing to western countries while they were at the same stage.
Very good point. That graph should reflect population differences to be fair.
Also America and Europe are like 4x and 3x China's emissions when it comes to historical emissions (that total amount of CO2 that a country has emitted in its entire history)
@@skazka3789 great so lets allow every country to pollute as much as America and Europe did, I bet that helps the environment. Its only fair, right?
@@Quell__ No one's saying that. But it does give some perspective - when you consider that China has consistently had 4x the population of America. It also shows that developing countries in the modern era face the restraints of climate change - while there were no obstacles to America/Europe's industrialisation as the science of climate change wasn't out yet when they industrialised.
@@Quell__ Thant’s why exchange and mutual respect is the key, from both side, people from both side need to understand in order to avoid conflicting. For me personally carbon emission is some kind of “rules” which is in favor of the industrialized countries if you think from emerging country’s perspective. Any better ideas how to encounter that? I would propose to trace the end user of those emitted CO2. Which means all CO2 a country produced but eventually turned into goods that are actually consumed by other countries, should be counted into that end users of that country. Such as China for consumer goods or the Netherlands for agricultural products . I am looking forward for other good ideas? :)
How is Apple exactly committed to change capitalism? They still focus on increasing profits for it's shareholders as a priority, no matter the cost or means.
Amen!
You're totally correct, the very company that holds the title "Worlds FIRST Tillion dollar company" now ironically worth over 2 Trillion dollars!
@@casualgambit674 what is about this video?
@@casualgambit674 How is this guy a propaganda spreader. He literally lists negative things about China ??? So saying positive stuff about China is automatically considered to be propaganda. Our society has become so rotten with ppl like you. China is winning and we're not realizing they're better than us in almost any tehcnology these days + we have become so dependant on them that on world affairs they call the shots now. Let me state it like this : No global challenge can be solved without China = Denuclearisation of North Korea, Climate Change, Economic rebounce, Chip shortage ,and pandemic treaties
@@petervercauteren3817 not propeganda for China but for stakeholder capitalism and the WEF (ua-cam.com/video/Dum0bqWfiGw/v-deo.html)
@@petervercauteren3817 Yeah, thanks administrations like O'Biden.
Remember, fellas: you are NOT immune to propaganda
Facts
Learned it the hard way tonight ☹️ at least I was able to realize it!
I knew this but i didn't really get that it could happen to me. Glad Tom Nicholas pointed it out for me.
you’re mom
True man. But at least he gave the info about the sponsor. Lot of ppl don’t do that too
In fact, China has been working hard to protect the environment, ten years ago you can find that the air pollution in the major cities of China such as Beijing and Shanghai was very bad, then the government pushed a series of environmental remediation programs, pushed more electrification measures, more and more electric vehicles are driving on the roads in China, now there is almost no air pollution problem in the cities, the sky is clear again
Having visited Beijing, I am surprised how green it is! Although there is still some air pollution I think it's way less than it used to be and oh so many EVs! I think the air pollution can go down by 50% if people stop smoking 😆(just kidding).. or am I?
US: "Capitalism?"
Russia: "or Communism?"
China: "Why not both?"
Viet Nam has done a good job of mixing the two. Very little unbridled capitalism yet small businesses enjoy many freedoms Americans could never dream of.
Exactly, China wants best of both worlds
The truth is none，We're pragmatism
精髓
China is actually crony capitalism
I’m disappointed in you for shilling for the corporatists.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea?
*"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@@TheManinBlack9054 Ah yes the classic "China bad so all socialism bad"
@@thehuman2cs715 China technically the state capitalist with some communist flourish in the end
@@jordannetwork9046 but their flag is red and they have free healthcare so.......
"Lets rely on magnanimous billionaire CEOs to think about the little guys and let us ween off their potential profits"
Yeah you're a bit too optimistic if you think CEOs give ANY shits about anything past their own lifetime.
read what Elon Musk writes and get back to us (last time I checked, the World's richest man).
Dude he was sponsored by a think tank of course he going to say all this stuff
@@scottfranco1962 Even if we belive that he seriously and honestly think what he said, its all about saving capitalism and the stability of the status quo. Im here to belive that billionaires lately very worried, but they worried not because of the injustisies of the system, no they are fine with that, however they are worried about the system tipping over making them fall back amongs the commoners. Ofc they do everything to deescalate and diffuse the reaction, they have 50% of the wealth of the world to lose. They rather throw some bones just now which cost them practicaly nothing so they can keep their life largely unchanged.
@@scottfranco1962 Elon Musk literally enforces terrible conditions in his factories and backed a coup??? That is not him giving a shit about people. He also said he didn’t like COVID lockdowns, which literally save lives? So he makes people work in bad conditions, advocates for coups so he can get richer regardless of normal people AND wants people to suffer COVID with no restrictions? But of course he cares so much about people because he wants to go to space? Even that is a lie, he wants indentured servitude for ordinary people to be able to go to space. So yeah Elon Musk does not care about ordinary people.
He should know better.
I am a Chinese. In terms of carbon emissions, China is indeed the country with the highest carbon emissions, which is mainly related to China's large population, growing industry and automobile emissions. The most important thing is that China still finds China and needs emissions for development. But when it comes to per capita carbon emissions, China is the seventh
I heard that all that Carbon emissions were mainly from factories and coals from house hold, since coal is the cheapest form of heat during the winter seasons, but it is surprising that they use so much of it and still have tons and tons of it. Regardless I think China have unlimited potential because of the people. The backbone of any nation are the smart people who works on building the country, which is why USA was strong because it rely heavily on H1B visa, but that seems to be fading since many of them left and some decided not to come but instead stay in their country to help it grow. India's Silicon valley is hot right now along with China's silicon valley and now even South Korea and Japan's silicon valley but soon other Asian countries will play a huge role too, especially since there are so many chinese from mainland looking to invest in all of Asia like Cambodia, North Korea, Indonesia, Philiipines, Vietnam and I believe thailand too?Not sure about that one, but China is like the mass cleaning crew where they are establishing a relationship with so many nations.
历史总排量也不高呀，那张图也要看面积，而西方避开只看当下
@@adriana7314 因为欧美排放高的时候没有人关注，现在当像中国等国家高速发展，碳排放量增大的时候，他们就看不惯了。西方鼓吹的环保少女，就真的环保吗？有时候都怀疑西方世界是不是集体降智了
How did he fail to mention the Opium wars? Is this a joke? Most of China’s carbon footprint comes from the goods it exports that are consumed in the west, so really it’s just the west’s carbon footprint that they’ve exported to China
One more thing, it's the world that outsourcing manufacturing to China to create the emissions.
Pushing the videos out, I’m hyped.
A turtle approved all these videos
Haha nice to see one of my favorite cycling UA-camr in the comment section of one of my favorite journalists
Same, really liked the Iraq one
!!! thank you!
edit pushing quality videos
Blink twice if you're being held hostage by the World Economic Forum
沙币墙行装优墨
This made me laugh way more than it should 😂
@@kelanzhi7269 I tried translating your comment in Google-translate, and it it gives me total nonsense in both English and Dutch: "Sand Coin Wall Pack Youmo"
@@somecuriosities same here! I'm in the middle of a quite park too rn, so that was bad but hilarious nonetheless
@@KarlSnarks Total nonesense? Lol Maybe its just more WEF propoganda then..! 😜
Bruh not cool. Disclose partnerships at the start of the video, not the end. I clicked the video off before I even got to the part where you disclosed that and am only learning about it now. I'mma unsub for that.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea?
*"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
Mad someone’s making money
same here
@@TheManinBlack9054 does bring pro-capitalism mean we have to simp for the World Economic Forum?
If these companies have realized that, why do they still pay their workers starvation wages?
Exactly
Currency is constantly getting devalued due to government printing money.
It's not that wages aren't increasing but the money you receive is becoming worthless Overtime at a slow rate.
because there is no profit if workers get paid for what they produce.
@@gabbar51ngh The organization that prints money and manages plans are not always the government. Not in the US (even though it is called the 'federal' bank). And for most of the world, it appears to be the government, but in reality it is the most powerful supporters of the current leader party. I know this may sound like a conspiracy theory, but policies and goals are actually pretty transparent.
apple n jp morgan don't well walmart maybe
You should also make video researching how rich and big companies avoided their taxes.
s
He’s not going to because he is a great reset supporter
He's actually already touched on corporate tax avoidance like 5 months ago with a video called 'Where the U.S. hides its secrets' ;)
Taxation is theft.
I dare he has that ball.
Ngl weird the sponsorship wasn’t mentioned till the end. I didn’t even see that part the first time I watched this. There should be UA-cam’s sponsorship overlay somewhere here.
Exactly! When this video came out I watched it till the end and I’m only now realizing that is was sponsored by WEF
This is absolutely an ad, it tries to paint Walmart, JP Morgan, and Apple as socially and environmentally conscious businesses when they aren't. Probably the worst examples:
Walmart paying low wages so that employees only continue to shop at Walmart, while the Walton Family is one of the richest families on the planet.
Apple restricting or refusing third-party repair because it will mean people are less inclined to buy new devices if their old devices continue to function with a low-cost repair.
JP Morgan, one of the largest financial institutions that took part in causing the 2008 crash,
it’s telling that this video didn’t have the “sponsored content” badge at the beginning
China has 1.4billion people, US has only 350million people around , Europe’s population is also 350million around. Therefore, comparing China’s CO2 emissions directly to that of US and Europe is not fair.
Everything changed when /r/wallstreetbets attacked.
You think it's funny to bankrupt a hedge fund?
Me too.
GME 🚀 🚀 🚀 🚀 🚀 🚀 🚀
Don’t worry, they’ll kill that too...
Looks that citron report, they are basically killing the small time investors and profiting. The hedge funds of wall streets are unhappy that they lost millions... lost to the poor!!! Free market my ass!!!
there is no change
It's funny how, in the USA, "socialism" seems to be a kind of taboo word, so much so that any policy that takes care of people is automatically labelled as such and considered "socialism" and hence "bad". At least, that's my feeling from Europe, I might have got the wrong impression, correct me if I'm wrong :)
You're not wrong. People here have a gross misunderstanding of what socialism is after having anti-soviet propaganda injected into our veins during the cold war. That red scare mentality has cemented itself in our culture for decades, all the while corporations have defanged and all but eliminated our labor unions and the media has become corporatized. I don't think there is any possible good ending for the path this country is going down.
Having lived in the US, I can tell you these idiots don't understand what socialism is meanwhile the rich are constantly getting bailed out and actually benefiting from socialist relief while so many of these poor morons stay on the bottom eating shit with no chance of upward mobility
@@benlacle1057 interesting. The hedge fund that was in trouble over GameStop shares was bailed out by other hedge funds. But they trade freely as the free market should work. Are they hypercritical or smart? They say the only place socialism works is in the family. I'd like to understand your views.
@@AlexsaurusRex What I'm mostly referencing is the wall street bailout in 2008. These people knowingly exploited many vulnerable people and screwed them over and got out scott-free. In my opinion, you need a balance of both ideologies where you don't allow for exploitation and also try and help those in need, in addition the way financial aid works with such high interest rates is so incredibly gross to me especially compared to European countries where the cost of college is significantly lower and it feels like education is a right and not a privilege only for those who can afford it. People misconstrue Socialism and use it as this boogeyman meanwhile in my view a lot of the people that hold that idiotic view are the ones being crushed by unchecked capitalism.
No, you are absolutely correct. Further, the right drums this word in the US to incite fear for any long term policies that might actually help the people. By hyping the fear, the less educated share of the popularion votes against their best interests.
As a Chinese, I appreciate your effort sharing our histroy to the entire free world. However, the history is continous, which can't be divided into numerous pieces. Although in the times of Mao's leadership, we made some mistakes. More importantly, the communist party managed to maintain the overall stable rule of the county, on which today's prosperity is bulit on.
OK, so how did you get here? If you do appreciate CCP's leadership, why you break the law, why you browse the websites that they forbade you to browse?
笨比，当然是因为用vpn不违法呀😘少吃洗脑包吧宝宝
@@Nick-cb4ii Because it's not illegal to browse these websites lol. If you wanna satirize someone, thinking bout your poor cognition first lol
@@Nick-cb4ii你為什麼覺得是違法？我違法了？我來去自由，中共限制我了？
In fact, as long as coming here does not have a great impact on China, China does not care about this kind of behavior.
I came in thinking this would be either about how China is the bad guy or about how China is a perfect haven, but this video barely talked about China...
it's about Chinese economy and it's marvelous(?) booming. And there you have it, a great explanation on how it happens
Yep. And then pushing some of own personal ideals rather information he has learned.
Then you were expecting other words, cause that was just perfect
中国加油
China is obviously the bad guy. Why are you still trying to find that out.
Remember to always disclose your sponsorships at the beginning of the video every time!
Yeah there should have been that little sponsored post tag at the beginning of the video.
I freak out every time he says China got rich because of capitalism... China got rich offering cheap labour, no working rights and low taxes, which made it a heaven for immoral investors which betrayed the US
@@raimonestanol8234 that is capitalism though. China got rich off of capitalism.
@@raimonestanol8234 yeah capitalism
@@raimonestanol8234 that’s basically the definition of capitalism
Not even a mention of the Opium Wars.
Yep, just completely glossed over the reason why China became so poor.
It was the symptom. Not the root cause. China missed the Industrial Revolutions.
@@vc4510 what? No they didn’t haven’t u heard the Great Leap Forward ?? It’s the forced industrialization that starved 50 MILLION from famine and lack of agricultural and farming. They FAILED or were going to, Bc communism only takes takes takes from private market basically nobody makes profit Bc all revenue goes to government and in turn spent on military, taking care of the people Bc nobody has personal anything and depend upon government, and this system is BS it doesn’t work and never will look at Soviet Union
So they added BS capitalism which still will never beat USA Bc incentives are low Bc gov still owns whatever they want
@@bigiron7547 idk what ur talking about but yeah they did industrial revolution was like 1700s and 1800s but back then China was Qing and they didn’t want all the new technology or whatever
@@madhandlz234 lol pretty sure that's not the only reason
This video is literally just propaganda for Reagan and Thatcher neoliberalism.
This is what happens when you partner with the World Economic Forum for a video.
Jesus wept! This is how hegemonies maintain their power, by converting those who might have a dissenting voice. Thatcher said her greatest achievement was Tony Blair. Johnny needs to study the role of unions, the group that is actually responsible for the prosperity of the West in the 20th century.
@@kildareire fax
this comment aged like fine wine
in capitalism everyone is busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ...... Capitalism will never shift to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
@@balledup wdym? This video was sponsored by them even before any debunking vids were made.
This man used Walmart as an example of a socially responsible company...
Thanks Johnny Harris™
I can't believe its not satire
Trump was a joke
借这层楼说一下，作者视频中的中国地图，把台湾排除在外，是极其不负责的行为
@@jamiehanks2534 no
America: *plays call of duty*
China: *civilization 4*
"We need to get our troops home". (yeah, we need them here in Capitol). 😅😅
that's really a good joke
America: Civilization 10
China: hacker 6.0
@@oceanwave4502 me and reznov took that bitch in 20 min
@@whiteemerald1083 you don't know the games?
This video is pure propaganda. This video is a completely brutal takedown (he also references another popular video that completely destroyed this narrative): "Johnny Harris: Shameless Propagandist Debunked - The WEF & The Myth of Neoliberal Prosperity"
Feedback: I did enjoy editing, sound and animations were on spot but the core story felt compromised. Your videos were not pure click baits but this one felt like you hooked the audience and then did not talk enough about China and its economy / money / growth. Sure you related that all with capitalism but was that all you were supposed to produce? Unlike how you did with stories of middle east and those islands US stole, this one felt bit tasteless. Shortly, it lacked precision and details.
I thought so too, it lacks elaborate imo
Yeah, I agree. Like the story behind the greatest economic miracle of all time aka Shenzhen.
Because the WEF bankrolled it.
It's a partnered video and it shows. It's really pushing into explaining stakeholder capitalism and not much else.
BTW the answer to crisis doesn't have to be stakeholder capitalism, especially, when there's little incentive for corpos to do it.
He was paid to make this by a neoliberal organization to push a narrative.
Me: Must do homework.
Johnny Harris makes a China video.
Me: *Throws notebook away and turns on UA-cam."
lol same
Same
My stationary can relate to this
Same 😂😂
My god are we all literally like this lmaoooo
The best kind of propaganda is the one that is so subtle, you don't even realize it unless someone makes you stare it in the face
So I guess you've seen it.
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea?
*"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 it seems like you don't understand the difference between capitalism and socialism. Let me give you a little introduction.
Marx analyzed how capitalism produces commodities and found that the people who actually create value are poorly treated and ripped off. He said capitalism is good at generating wealth but distributes it highly inequality. Socialism is the solution to that distribution problem.
Socialism simply says that workers should democratically own thier workplaces and thus you won't have someone in the middle taking all the profits that everyone helped to produced. The profits will be evenly distributed and you won't have a few people in society with all the power.
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
@El Dimos Karam The people that innovate are still doing labor, they're not considered capitalist so they would still exist under a socialist system. I'd argue that they'd actually be more rewarded because then they would own that technology they created instead of some employer.
This video got torn to shreds by Tom Nicholas! Game over.
we can report this as clickbait
because this isn't really talking about china
First day on the internet?
Thank You. So this dude is just one of those Drama Queens from New York that you meet on cheap hostels in Asia.
pure 100% unregulated capitalism is only about profit no matter how ... in capitalism we all are busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ....... Capitalism will never shift from shareholder capitalism to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
@@grandduos4423 i would still prefer capitilasm over socialism your argument kinda dosent make sense
@@stark2491 you seem to be a good person and God bless you and your family ... Bro be prepared for world war 3 soon
Video: how China became so powerful
China: I always been just bouncing back
*Yes, China is just going back to its original position, it was once the superpower, and it will be again. 'Civilization’ can be a word more suitable than 'country‘ to describe China*
@@jasonfu2341 dude, fucking chill
闭关锁国的历史，你们能想象中国人曾经的自大？
@@jasonfu2341 And so is India , do not worry you will get enough competition 😎
@@laoshuishou 闭关锁国只是清朝之末尾，倘若加以全部历史，就是污蔑，便为无知
Way way too simplified theory... Captalism is employed in almost every country in the world, but why only a few several countries achieved an considerable economic growth. Something else is contributing, and much more complicated than just captalism...
Look at economic freedom index and see where most African, Latin American and Asian countries are. Capitalism is directly related to how wealthy your country is.
China is not a capitalist country. Is American public education a failure?
Because China has 5k years of civilization and still ongoing
@@francogiobbimontesanti3826
Also compare that same graph to how much their government control/hands onto the goods/services
There's this thing called "resource curse" where the country that focuses on one resource/industry
Is more likely to be riddled with corruption/bribery/instability and ultimately poverty
Because a huge chunk of the wealth depends on said industry (this is also similar to monopoly, one entity controlling supply)
And that's why as a free-market guy. I view amazon/tesla as legal ponzis (no sane investor would buy high debt: revenue ratio unless the government has a culture of too important/big to fail bailouts, oh wait)
Even though i love Tesla for their innovation.
@@francogiobbimontesanti3826 Most of those countries are Capitalist, what are you trying to say ?
Imagine being terribly scared of socialism which actually brings a better quality of life to the population. Damn I'm glad I'm not American.
Yes,I am faithful my country will become no1，and make real friendships with every country equally, instead America is boss,the others are dogs need listen everything what Americans says
Bad Empanada made a good rebuttal video.
Where has this happened?
I wish I wasn't American tbh. This is bonkers
Nowhere in the world has socialism brought about better quality of life
When you talk about the decline of ancient china, dont forget the notorious opium wars
Yeah that was a pretty massive hand wave lol. Let's just ignore the whole colonial powers brutally carving up China thing long before Japan invaded.
I feel like to chinese ancient means anything before 1949 or something the word acient is used for literally any part of chinese history from Xia to Yuan to Qing everything is "ancient" and in this period called "ancient" all land that used to belong to it or had a Vassar state or been drawn on a map is "chinese territory"
I don’t think western media likes to acknowledge west’s dark past
@@GodsWheat everywhere can be your territory, you just need a strong army to backup your claim
@@GROOVwithme Have you seen his other videos?
Who else was sent here by Tom Nichols?
Me
Yip
Me
I disliked this video and unsubscribed the day it came out. I too found it weird. A week later, I discover Tom on an unrelated subject. Later, I saw his video, and rewatched Johnny Harris'. Jesus man, Tom was right, Harris is a carrier of billionaire corporate propaganda! No shame, no scrupules. Unbelievable!
@@catalindeluxus8545 Same experience here.
Maybe this is a bit too optimistic about billionaires doing good things...
it's what americans are educated to believe in, and how america explains the world to others
bro wake up
Schemel, you use the word " bro" ? Chile , SMH !
Exactly. I do not think this idea will work. History has proved that human are greedy. On the other hand, human fear power thus law, regulation or maybe revolution are the solution.
If you really think about it, they are doing more good things than bad. Look at how the world is advancing in terms of technology and ingenuity. The problem is when corporations and the government do each other favors to maintain power and money.
propaganda paid for by the world economic forum.
Nice video! Can you make one about How China became so powerful next?
Lol this video was shit
@@Y-x4f thats not true, most work 5 days week like any white collar worker. You cant have so many service and entertainment industry in China without allowing people time to spend money
@@itsstans75 very Henry Fordian
Lmao 😂😂😂😂😂😂
@@Y-x4f and also steal territory for their own wealth
“Let China sleep, for when she wakes up, she’ll shake the world”, *Napoleon Bonaparte*
LOL Napoleon was talking about WUHAN virus..😂😂
@@bruhrespecct1967 lmaoo
India:- Am I joke to you?
@@Muromachia Yes
@@Muromachia Yes
O my sweet Johnny, expecting capitalism to regulate itself is like trying to lift a bucket while you are standing in it
Ik
Such a shitty video. It was all over the place, and it felt strangly like capitalist propaganda, and it end WEF reared its ugly head.
Yea capitalism will regulate itself wil helping hand of the strongest players and their profit doesn't mean people profit
And of course you live in New Jersey. Your the reason why I hate this state
I totally agree with you ❤
Bro, you respect the WEF? Claus is a literal bond villain 🤣
This wasn't journalism, this was propaganda. Disclose your sponsorship more clearly
cry about it
@@aaronexdee2024 it is sad to see even the last bastion of free press, independent journalism, be pilfered by the icy claws of capitalism. If I were a more sentimental man I would cry, and I wouldn't blame any others for doing so too.
@@oracle8192 capitalism is good actually
@@TheManinBlack9054 Dude we get it, you don't understand anything.
@@TheManinBlack9054 And here we are in the middle of a global pandemic and waiting for the end of the world thanks to global warming. Hurray Capitalism!
Corporations can take care of the environment guys I promise - Johnny Harris
Not as long as Corporations can buy politicians... which is why this model isn't going to work.
@@timothy9874 so which model would work?
if you think politicians can be bought then why do you want to give them more power
@@swagsik390 I would publicly fund elections and make political action spending illegal, so elected officials cannot be influenced by campaign funds. I would also make ever politician liquidate all their stocks and business holdings over a modest amount and put it into 20-Year US Treasury Bonds. Furthermore, while I am at it. I would switch to a single house parliamentary form of government with a Prime Minister and dictate that there be 1 member of parliament for every 100,000 people. Next, I would dictate that all conversations/communications with any lobbyist or anyone else has to be made on the record and available for public scrutiny - so, no more back door meetings. I could go on.
@@timothy9874 Where do you live? I agree that the political system in the us just doesn't work well but how would you like to control the spending of millionaires and political parties?
@@kars1504 USA. As, I said in my response to @Sadik Sajib, see above, I would publicly fund elections and ban campaign contributions. I'd also support heavier taxes on income (especially capital gains) above 100k per person and a wealth tax.
So basically to sum it up "Capitalism is a bad system so let's try this other version of the same system which is supported by Walmart and Apple who just happen to be the most cruel and exploitative corporations in the world".
I believe the point was to show that large companies such as those mentioned also use this model to offset the potential impression that the idea of stakeholder capitalism could be viewed as extremely liberal
I think the message was capitalism is mostly good but not infallible, here's how we could reform it
Yup
Companies dont give a shit about anyone expect themselves. All they wanna do is make money, they dont care about the environment, or peoples wellbeing. Short. Term. Growth. This whole video was just capitalist propaganda.
@@Freakyjohnsson1 You are right, Apple paid 0.005% in taxes in 2014 when it shifted its EU owing taxes to Ireland. Look at the 2016 14 billion fine, stakeholder capitalism doesn't make sense, who gets the final say if we have to account for economies, shareholders, employees, retailers and so on. Someone has to make a decision sometimes and who would do it.
The entire video is a presentation for the world economic forum and its leader Klaus Schwab, the data he used was given to him but he presents it as a collaboration between 2 people. It would become so much easier when corporations can say we consulted everyone and this is the best choice. Power will just go to the corporations who have to pretend they have everyone's best interests in mind. The big circle with all those smaller floating circles he showed at around 13:28.
Partner with the world economic forum 💀💀💀
The guys from Switzerland who say that we should stop driving cars while they fly in they're private jets. Yep they sure got our best interest in mind 💯. You earned my dislike
This video was interesting but the title is definitely misleading
he literally just said capitalism good lol
The discussion of Deng's visit to Singapore in the 70s -- as well as the other emerging Asian economies referenced -- unfortunately ignores the fact that these were not democracies as we understand them, nor were they "free market". Singapore was (is) a one-party, corporatist state, with a planned, modern economy, with significant government intervention. It was also very successful. The other fast growing countries in the region at the time were largely authoritarian, as well -- South Korea was ruled under the military dictatorship of Park Chung-Hee (1963-1979); Suharto's "New Order" in Indonesia (1968-1998), military rule in Thailand (1976-1980). And, of course, China continued as a one-party state, with a massive role for state planning, state capitalism. Clearly, the answer to the question of "how China became so powerful" has nothing to do with free-market capitalism, for that is not the model Deng adopted (according to this video)
State intervention in the economy is much greater in the Us than in Singapore nowadays. Hence why Singapore ranks 1-2 in economic freedom while the US doesn't even make top 10
@@askeladd60 Wrong lmao
The book he is getting alot of this from openly states that Singapore is a state capitalist system but he never mentions that bc it show other options the "stakeholder capitalism"
The worst problem with western politicians and media is that, they always say “…the democracy as we understand it…”
If we get a vote via honest referendum in the whole world, it can be guaranteed over 70% would prefer to have the Chinese version of true democracy, and despise the western version of (pseudo) democracy.
totally agree with you friend, without the appropriate intervetion from gov, economy from 1960 cannot have real development from its core. This is also true for US before 1980s when those large corporation in in financial sectors nowadays were heavily taxed and restricted by the us gov then
Disappointing to see paid propaganda on this channel. Although it's good you disclosed it, it's still no secret that the world economic forum has its own agenda that includes making capitalism popular among young people again, despite it not being a sustainable economic system. This 'stakeholder' capitalism thing just sounds like an attempt to rebrand, and it looks like they're trying to dress it up as journalism to me.
Lmao you basically summarized Tom's video,had you ever had an original thought?
@@albertcamus929 did a good job at summarising though didn't I? ;)
@@joshuajohn8870 It takes zero to repeat each talking point in order.
@@albertcamus929 uh condensing a 30 -minute video essay into the most important points in a digestible way that clearly conveys the message? People get paid to do that kind of thing
cry about it
anyone seeing this video should watch "Johnny Harris: Shameless Propagandist Debunked - The WEF & The Myth of Neoliberal Prosperity"
Just came from there
not Chinese citizen, but am an Asian. kinda unfair to left out Western in the past (decades before WWII) when talking about carbon emissions etc. I mean, they tasted the same thing. high profit and neglecting the environment. agree it's bad, but to potray it as solely Asian's sins is.. ¯\_(ツ)_/¯
I highly recommend watching this video by BadEmpanada: The Environmentalist Colonial Gaze.
Yeah it's on track for developing nations for higher population. It's despicable when people blame Asia for growing the way Western countries laid the path for them
It's pre-1970s. I still remember the smell of soot in Toronto and how dirty winters were - before the *deindustrialization*. The dead Thames and smog in LA. Younger people today take what they have for granted.
@@theolich4384 Haven't most of these problems just been outsourced to developing nations?
@@camelopardalis84 Yes, and I say it's plain folly when people in turn criticize these nations doing dirty works for the developed world.
John: Capitalism is the problem..
Also John: Capitalism is the solution!
Also also John: This video is sponsored by the World Economic Forum.
Also also also John: I am not a (paid) propagandist.
Also also also also John: Profit!
Ok John.
@Jjjj Oooo hhhhh
Lmaof
best comment of the year!!!! good job!!!
I was doing homework but this seems way more important
lol
same
@@johnnyharris This genuinely could be my school
@@johnnyharris 0;
THIS is homework.
This video just said "it was capitalism lol" and ended trying to sell a new magic model of capitalism and barely explaining it lol
Wait, so the solution to capitalism is more capitalism?
I'm not saying it should be socialism, but changing "shareholder" to "stakeholder" as a modifier is weirdly vague...
What actually IS "stakeholder" capitalism??? It's not really explained in this video.
it's socialism :-). workers and consumers own the means of production.
@@Martin-dx6ql I'd like to say something on your comment here, and i hope you read my response with an open mind freind! Because I believe I have a different perspective to add here that you'd not have heard otherwise, and may easily change your mind. I will continue!
This man isn't the first to use the term stakeholder capitalism, I've experienced it tossed around before. The B corporations, if you've heard of them, are a group of corporations who say that they will do x or y to midigate climate change. They held a talk at a University I live near and they used the term to describe themselves aswell.
The fact of the matter is, stakeholder capitalism is certainly not socialism. those who use the term make sure to make that distinction. They support free markets, private industry, and liberal democracy. They simply believe that private industries should look at people's needs a bit more.
Socialism on the other hand, according to Marx, Engels, Lenin, etc, wishes for the working class to stage revolution against capitalism. So that after this revolution they may instate a dictatorship of the proletariat, which is a form of governance in which the interests of the working class are furthered against the interests of private industry. The abolition of the market, of private property, and liberal democracy (they favor a socialist republic model) is the end goal.
As you can see, they are very different things! And both the learned supporters of stakeholder capitalism, the people who Invented the term in the first place, and socialists agree that they are distinct ideas!
Thank you for paying attention freind!
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea?
*"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@oracle8192 dear friend, there was a smiley face in my comment. i'm familiar with the term 'stakeholder capitalism'. unfortunately this comment section doesn't seem to allow links but in a previous attempt to answer your comment i linked to a thought slime video on the subject of the great reset.
@@TheManinBlack9054 did you know that you can get paid and sponsored for making these comments? i asked economics professor richard wolf, he kinda said it might work.
4:01 is a picture taken in the Republic of China between 1912 to 1949 and 4:03 is from the 1930s also in the Republic of China, not from the 70’s like you’re falsely claiming to your ignorant audience. Suffering was magnified by present US ally Japan who to this day denies their disgusting war crimes
Not to say that didn’t happen but the Japanese hate is actually disgusting from china, all a diversion from their issues, oh we transport cooking oil and gas in the same tankers? But Japanese oil is also bad?
My dude if you are talking about mid 20th century China and failed to mention the millions massacred by the Japanese and the war crimes that set back Chinese infrastructure and society by decades, you may have skimmed over way too many details
He also didn't mention the millions that died in the cultural revolution over a long sustained time, causing FAR more damage than Imperial Japan did. Not only killing as many as 20 million people, but driving them deeper and deeper into poverty. Quit fomenting racism and hate.You obviously missed the point of the video.
@@TheNewGreenIsBlue 20million is just a figure from the west guessing china should grow to this much ppl in this year but fail to meet it so they estimated all the death from there, get ur fact right china growth from 450millions to 1.4billions under just a few decade but when they lead by the democracy kmt government the china propulation actually declined during the 4 decade government by kmt. Keep crying also doesnt change the fact china is doing way better than anyone else
@@TheNewGreenIsBlue are you really whataboutisming the asian holocaust right now? The japanese literally slashed their way through asia killing millions, everyone in SEA has had a grandparent or great grandparent relay the horrors and atrocities they witnessed. Despite this, we still consume a lot of Japanese products and culture today because we don't blame the new generation. But it just irks me that whenever their war crimes are mentioned, people automatically jump to racism.
And the opium wars, boxer rebellion and unequal treaties and how china was bullied by the west before the japanese pulled their best
@@TheNewGreenIsBlue *"bUt WhAt AbOuT tHe CcP, tHe BaDdIeS?!"*
I thought I was learning something then started reading the comments and closed the video 🤣damn it
Your videos are awesome dude. But you lost me in this one when you supported the WEF. Klaus Schwab is not a good dude.
Schwab is a horrible dude!
Why is he bad? Idk much about the wef can you explain?
pure 100% unregulated capitalism is only about profit no matter how ... in capitalism we all are busy accumulation of wealth for the future ... A future that we are not even certain about will it excits or not due to climate change polution ....... Capitalism will never shift from shareholder capitalism to stakeholders capitalism .... Profit is ultimate aim of capitalism .. profit profit and only profit nothing else matters in capitalism .. socialism coupled with minimalism coupled universal minimalistic basic income copuled with control of population growth rather decrease in population plus capitalism with strict environmental protection laws is only way out .... Atleast education and basic minimalistic food requriments necessary for survival should be libaralized and must be freely available to everyone like a universal basic minimalistic income
@@grandduos4423 yeah well socialism sounds nice and all but looking at history it never worked very well. Everyone loves universal basic income and free shit from the government but you know where the UBI comes from? You, the taxpayer
@@grandduos4423 literally everything you listed gives the government more and more control of the people And that ain’t good
This quickly became “how to solve capitalist crises” not “how China became powerful”.
YEAH BAD VIDEO
agree, this video has done a very terrible job.
It is Johnny’s worst video so far
well it explains how China became so powerful...by solving it's capitalist crises
China just became authoritarian Capitalists
yall are so afraid of the word "socialism" lol
ikr lmfao just say it omg
100 million dead people in 50 years.
Hmm ...I wonder why people would be scared?
@@narutomgm well capitalism did as well. why aren't you scared of it?
@@narutomgm You should do at least five minutes of research of that claim. To see that it's nonsense. Also, how many lives a year does capitalism claim?
Scandinavian social democracy with strong influence of free capitalism has good models for functioning balanced society, but as a christian democrat (who dont believe in utopia but man fallible sinfull egotistical nature) in Sweden I am very sceptical of a too strong goverment who intervenes and controlls and tries to get more and more controll.. Power corrupt and the people in power always want more power. it is human nature, that is why you need to regulate both goverment and private sector they can both become corrupted or greedy very easily.. Paradoxically with regulation comes freedom, it balanaces peoples wills and interest in a democratic fashion when society regulates our freedoms through politics. Society needs counterweights and messures to not be slanted in to either ditch.
It’s one of the most unique and powerful countries in the world, but I’m quite disappointed of many people hating it
he justs wants people to hate china
因为西方媒体洗脑
The people are fine, the government is an issue
@ng5-xz4be ok
A little knowledge of a complex topic is worse than ignorance.
I find this video to be lacking and misleading (not in a malicious way, but out of ignorance). The superficial explanations of the different economical systems and the single focus of Shenzhen (and not even a deep focus), the very badly scaled elephant graph, and the very convenient stakeholder capitalism explained on such a high level that it's not even clear why companies like Apple would want to adopt it (guess what, they won't unless there's a profit to be made).
@Johnny Harris, by now I hold you to high standards. I hope you do more videos on economics and China, but I'd suggest you to narrow your focus or make your videos longer.
Not to mention his partnership with the World Economic Forum, which essentially all but co-produced this video. A written version of this script is published as an opinion piece on their site, it coincides with their event on Davos, it has an embed to this video and that written script is co-written by one of the most senior PR executives the WEF. Tom Nicholas has an amazing video exposing this: "Johnny Harris: A Story of UA-cam Propaganda".
Sorry dude. This guy’s a shill for globalist oligarchs and corporatists. Unless you actually WANT the world to descend into a neofeudalist dystopia I’d find someone else to watch.
@@andylewis7360 globalism is good actually
@@TheManinBlack9054 For some. Nothing is ever bad for everyone. Be that as it may. You seem to think in black and white rather than shades of grey, so please DO tell me what’s so great about globalism.
@@cybershadow136 Wow, watched that video now. It certainly puts things in perspective, and this video suddenly makes more sense (not the content, but the underlying reason).
I wish you could elaborate more about "stakeholder capitalism". For example, how could they implement that kind of economic theory? What are the incentives that would make it an effective strategy? Just simply saying "corporations should not only look out for their shareholders because of the environment" is preachy and shallow.
Not only that but he fails to go into the detail about why these companies push for environmentalism. The truth of the matter is that these companies can just move or use their lawyers to negotiate the environmental regulations... It's their smaller competitors who are really in trouble.
stakeholder capitalism= socialism
In fact, in the current capitalist market, a capitalist can get more than 80%In order to avoid class contradictions, they wantonly use the name of freedom and democracy to incite seed antagonism and all kinds of antagonism, as well as seed power contradictions, but they never touch the class interests behind them. Class contradictions are interesting that after the opening of the Chinese version, they also abandoned the banner of class struggle, which is also China's increasingly passive position in international public opinion.
I think huawei is the best example to this idea.
80% or 90%(i don't remember thr exact number) of huawei share are owned by the employees. Ren zheng fei the founder of huawei own only about 5%
@Weiwu Zhang
China lifting more than 800,000,000 chinese out of poverty is also a fact.. And your biggest problem with china is actually all about this fact.
Cut the crap about morality.. We all know that The success of china is your real problem.. It has nothing to do with the BS morality, freedom, or democracy
Walmart, Apple, and Chase all singed on to this “stakeholder capitalism?” File that under “I’ll believe it when I see it.” Seriously, that type of change has never come from the top down and is incredibly naive to believe otherwise.
Guy probably paid by Walmart and Co to misguide the simple minded ones.
@@mottscottison6943 “MY [OPPONENT] WAS PAID BY [WEALTHY PERSON/CORPORATION]” moment
Yeah what the hell was that? He's not explaining what stakeholder capitalism is very well or under what terms these companies have signed on...?
HOW TRUE!
There's no such thing as stakeholder capitalism. The goal of the rich is to increase capital, but this conflicts with the interests of the working class (higher wages, better work conditions etc.). While corporations and working people have their own interests, it's naive to think that corporations would voluntarily just start to function in a different way, in favor of others.
Was this a sponsored video? You haven't marked it clearly as such, but seems like you haven't even been the head writer on it - it was the WEF. Care to comment?
I mean this glosses over a large reason for the economic decline of China being that infamous western interference.
They learnt. Expecting others to play by the rules is a losing game.
as they always do...
Exactly... They very often gloss over stuff like this... They ruined China and India and now their pissed jobs and money are going back there
Why did China fall pray to "western influence" if it wasn't already behind the west.
@@narutomgm firepower
I can't believe I fell for this propaganda... Came back to say we can see the bs AD this all was.
Same, I was already kinda iffy about it but only now did I discover this is just a sponsored piece....
We are unfortunately not immune to propaganda
Capitalism is good actually. It is the only system that works and creates wealth and prosperity. Socialism has brought nothing, but poverty, totalitarianism and consequential social regression (liberal democracies such as Sweden or New Zealand are much more feminist and pro-LGBT than Cuba or North Korea). It is painfully clear that communism failed and failed miserably, under Mao China was plagued by constant food shortages and repressions, under Deng, which liberalized the economy and turned it into a market-based system, China has finally started to grow and the constant famines and food-shortages stopped. Ask any economics professor and they'll tell you that communism just does not work and that its track record is nothing but failures. And just a simple question for you to end my comment: where would you like to live in a social-democratic state of Sweden or a Marxist-Leninist state of the Democratic People's Republic of Korea?
*"The inherent vice of capitalism is the unequal sharing of blessings. The inherent virtue of Socialism is the equal sharing of miseries"*
@@TheManinBlack9054 The way Socialism has been implemented has been done wrong, I will never deny that. Even aspects like Foreign interference cannot explain the fact that Socialism has been put in place by Authoritarian dictators in gross ways.
But look, I personally would love to change your opinion on the matter, but explaining Socialism through the internet would not do it justice (plus I'm not well versed on everything).
What I will say is, as someone who believes on individual rights like owning a Gun and Freedom of Speech, it's hard to achieve that equally and righteously in a capitalistic structure. The Elites will take our rights no matter what for the sake of profit.
Capitalism, especially in the modern times with all the advance technologies we've made, is backfiring on us.
Our data information is sold to who knows what without our consent, the Media is owned by Corporations, Jobs are taken over by robots everyday, Schools care about profit and not education, etc.
All of this comes down by us living in a structure that will not care about are individual value for just being human, but instead will care about our economic value.
I will not deny that Capitalism had immense importance throughout Human history, but we are getting to its last straws. The rich will be richer, the poor will be poorer; Rights will be remove, and the Politicians/Authority will grow more powerful.
Its time for change, not for some bullshit corporate idea about Stakeholder Capitalism.
No hate here, like I stated, I'd love to change you, but that's for you to decide. Hopefully you understand my perspective, as I try to understand yours.
@@TheManinBlack9054 lol