Capitalism Myths: Part 2

So many myths about capitalism!

In this video, we debunk 4 more myths.
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Economist Dan Mitchell helps me set the record straight on how:

Even without government's safety rules, free markets make us safer.

“Robber barons” neither robbed, nor were barons.

Automation won’t take away everyone’s jobs.

Capitalism is the system that leaves the most people free to make their OWN choices.

[ocarinaplaya]

As a former truck driver I've heard the stories of self-driving trucks. Most truckers aren't worried. Having automated trucks would definitely help increase our potential to ship across the continent, at the end of the day there would still need to be a driver present. Much like how airplanes pretty much do all the work and the pilots are just there for emergencies, paperwork and instrument observation.

[InvestmentJoy]

I wish more people would get involved in small businesses and starting their own company so they can see that the government imposes huge restrictions on Innovations.

Affordable housing is something very near and dear to my heart and based on my own internal esrimates I could about drop pricing nearly in half if I was allowed to do whatever I want when it comes to building homes how I want, and making choices inside my company that I feel are right without fear of a government intervention .

The market would regulate me through my competitors as whoever produces the most affordable housing of the best quality will win.

[Steeeeeb]

I appreciate when they edit both a left and right media outlet saying the same dumb thing.

[COVID...]

Good distinction between "corporatism" and "capitalism".

[ocarinaplaya]

A worrying trend is that a lot of people get their impressions of history through movies and misinformed videos like what John debunks.

[DANLAROCA]

Everyone in America is entitled to equal opportunity, but not equal outcome.

[gerainedoss]

John stossel is my hero and a true American titan of media. I don’t always agree with him, i I always respect his opinion.

[danpower-JP]

Socialism only works in two places, heaven where they don't need it and hell where they already have it - Winston Churchil

[teddyj]

In the Charlie and the Chocolate Factory movie Charlie’s father lost his job to Machines. Near the end of the movie, he got a job repairing the machines that replaced him.

[alanhoff]

Worker: **pushes a button on production line**

THIS COMPANY IS ALSO MINE NOW

[MarinelliBrosPodcast]

This week is international small business week, lets celebrate by NOT REGULATING AND TAXING THEM TO BANKRUPTCY!

[teh_jibbler]

People hate that Bezos is rich, but they love shopping on Amazon.

[FilmBuffBros]

The first myth is a perfect example of why one should always consider any available baseline data, when reviewing statistical results.

[andrewkonkle]

Envious malevolence is how Winston Churchill described socialism. And so many now a days bite into that juicy hook.

[mark]

Isn't it logical, and in fact, moral, that he who risks the most should benefit the most if the risk pays off?

[NoirMorter]

When I hear them trying to put a cap on income all I can think about is that its a fluffy form of indentured servitude. If you can't negotiate for your own wages your a slave. Simple as that.

[clough]

They eat the fruit but want to cut down the bush.... It's incredible

[AstrobotJones]

Not to make you feel old, but to let you know how timeless and important it is what you do. Been watching you since I was a kid in the 80's, and am glad to see you still going onto the new medium of communication content. It'll be a sad day for us when you finally retire, though a good and well earned fay for you.
Very happy for your work.

[creativecatproductions]

Whenever I’m sad and I want to be happy I watch John Stossel. Love this guy.

[TheSpicyLeg]

Anyone in the trades can tell you about OSHA. It is a joke.