What is Capitalism? A Simple Explanation, Pt. 1

This video is a simple explanation of the economic system of capitalism.

Bibliography
Baumol, William J., Litan, Robert E., and Schramm, Carl J. (2007). Good capitalism, bad capitalism and the economics of growth and prosperity. New Haven: Yale University Press.

Coates, David. (2000). Models of capitalism. Malden MA: Blackwell.

Esping-Andersen, Gosta. (1990). The three worlds of welfare capitalism. Princeton NJ: Princeton University Press.

Friedman, Milton. (1962). Capitalism and freedom. Chicago: University of Chicago Press.

Hayek, Friedrich A. (1944). The Road to serfdom. Chicago: University of Chicago Press.

Heilbroner, Robert L. & Milberg, William. (2006). The making of economic society. Upper Saddle River NJ: Prentice-Hall.

Mill, John Stuart. (1848). Principles of political economy. New York: D. Appleton & Co.

Polar, Hernando de Soto (2000). The mystery of capital. New York: Basic Books.

Rawls, John. (1971). A theory of justice. Cambridge MA: Belknap Press.
Schumpeter, Joseph A. (1941). Capitalism, socialism and democracy. London: Routledge.

Smith, Adam. (1776). An Inquiry into the Nature and Causes of the Wealth of Nations. London: ‎W. Strahan and T. Cadell.

[universityquickcourse]

We appreciate your feedback. Let us know what you think and what subjects you're looking to have explained in understandable language.

[masterofrockets]

One day, one day I’ll find a video that adequately explain capitalism. But today’s not that day.

[keynesmeetsschumpeterinanarrow]

I am a capitalist who believes in environmentally sustainable and inclusive prosperity. I am strongly against anticompetitive monopolistic behaviour (Adam Smith himself despised it) and I also believe high levels of inequality are problematic. According to your video someone like me should not exist, but there are loads of people like me in the world. You have treated all capitalists as a monolithic group with ideals that Republicans have come to stand for in America. There is obviously a lot more nuance to modern capitalism and capitalists.

[Domieboy]

dude literally took the definition of communism… inversed it, and called it the definition of capitalism. lol. what a munch.

[Domieboy]

that is not the definition of capitalism lol. thats the communist definition.

[Domieboy]

why is a communist explaining capitalism to me…

[XericSol]

I'm sorry, but I don't think you know what you're talking about. On one hand, you say the economy is controlled by private businesses, but then later you say it's controlled by supply and demand (which just another way of saying the people control the economy). Also, it's disingenuous to point out the wealth gap between rich and poor in Capitalism without acknowledging that those gaps exist in every economic system ever tried. The difference is Capitalism has a mechanism in which those at the bottom can get to the top as well as vice versa.

[toddmaek]

So yalll just gonna slip right in over slavery as if it wasnt significant in this discussion??

[JoseFernandez-yzsf]

I think that this video is misleading in relation of what really is the capitalism. I don’t recommend it.

[aaronking]

And Capitalist Socialism is a political / economic / social fairytale!

[salmanbadshah]

She has explained it very well
She says truth, those who deny do not understand capatlism

[gabu]

In capitalist stystems prices for goods and services are determined by how many products there are and how many people want them

[comradescar]

That’s some good 🍞 this is the first video I’ve seen of yours it’s very good.

[Dnz]

Can we stop misusing that 'pull yourself up by your bootstraps' pretending that it means to work hard. It's literally a nonsensical term that means you attempt to do the clearly impossible and no one is surprised by the resulting failure. While that does apply to modern capitalism in many respects, that's not how the term is being used.
Put simply, that phrase doesn't mean what you seem to think it means.

[habeducation]

Assalamualaikum mam
How are you mam
Mam can you teach about this topic+(Capitalism in USA and Europe) make an assignments.
Thank you

[aaronking]

This video misses a lot about the good of Capitalism and how the individual benefits and how your choices lead to bad outcomes.

[timdeutschmann]

The core principle of Capitalism is positive interest.

[wwahyyy]

why is the vid talking about the soviet union? vid is out in 2019

[jonasamy]

What city is portrayed at minute 7:00?

[ckn]

I am a bit annoyed that due to the damn new bell notification, I have missed out on a lot of videos