Why Communism Always Fails

0:00 Intro
1:06 What Should We Produce?
2:07 Who Should Produce Things?
3:10 Who Should Get Stuff?

#economics #politics #communism #capitalism #socialism

[ProfTricky]

Oh I thought this was how Chicken kills communism

[Batai]

This video taught me so much about how to make a strawman argument

[Lea_Avi]

On my own reading I've found out there's like six main reasons why central planning is impossible, and I think it might be worth bringing up the other ones. There's Mises' economic calculation problem which was explained here, there's Hayek's information problem about how only the people on the ground know how to use the information only they have access to and that central planners have no possible way of making sense of it in a timely or useful fashion, there's the corruption and rent seeking issue with massive unaccountable bureaucratic centralization, there's the problem that the tools employed by mathematical economics cannot possibly be used to figure out correct (or in the Kirznerian sense, *less wrong*) prices prior to the fact, there's the issue that central planning necessarily does harm to democratic and constitutional political institutions, and finally the problem with capital flight or brain drain where entrepreneurs will flee the country if the environment turns sour on them.

(I'll add that the sixth point applies to any other form of discrimination and not just under communist central planning. Jews and overseas Hundu and Chinese communities, which often made up the backbone of commercial centers wherever they went, were heavily discriminated against purely out of spite and envy on the part of locals)

Did I miss any?

[onefor]

60 dislikes wow. Some people really skipped history class.

[purplebreadloaf]

At least the absurd part in your channel name is accurate

[HoneycombProductions]

> "Why Communism Always Fails"
> looks inside
> Explanation of Capitalism

[the_expidition]

As government is a monopoly and it's the only business that isn't capable of breaking itself up. There is human envy, jealousy, misery, things that aren't able to be seen behind smiling faces which don't tell the truth. A enemy does no harm as people know where their enemies are coming from, handshakes, smiles, and pats on the back hold people back.

Smiling faces sometimes don't tell the truth.

[ridomix]

I don't care what neocomies say about this guy, i like him because he based

[BlackenedBones]

I don't think this really explains how the communist countries fell (i.e. it doesn't recognize the fact that the USSR did exist for several decades before falling, that Cuba still exists as a communist/socialist country, that most economists, or the ones I know about, don't even recognize any country as truly Capitalistic or Communistic, that most countries have some form of central planning but they aren't complete hellholes, etc.). It feels very oversimplified and too theoretical; "propagandic" is a fitting word. I would prefer to see an example of how a country, like the USSR or Cuba (which are probably the closest communist countries to have ever exist), have failed, and what events/situations led to it failing (other than just "muh, communism, muh central planning, muh [insert other thing here]"). I want something with a historical basis in reality (even though they can also be very misleading). I want something that is more than a University sponsored explanation with single word captions and images spaced throughout.

[Tirinir]

It's a nice mental exercise but not really how it goes. Demand for planning spawns a sprawling buerocracy that doesn't really care for political goals and just does its own things, and ends up being taken over by some internal clique or a dictator. You coulld also make the analogy with companies in a capitalistic economy, which employ central planning. The difference is that the companies are embedded into the market which sends, hopefully, reliable (if the market is not too distorted by bubbles or monopolies) signals, and are allowed to fail (and go bankrupt or merge with more successful competitors).

[storemy]

I am from Latvia, which suffered from communism a lot, and currently am cringing from these comments. Like bruh, you all didn't witness the life in USSR, you don't know a damn about how it really was. Poor quality clothes, electronics (except Latvian ones), transport and so on. Still you can see on the streets crappy, collapsing apartment complexes, search for zolitude or imanta for example. Everything is a consequence of a planning economy.

Atleast icecream was good and limonade was 5 cents for a cup, y'know...

[Racer]

The definition of becomming what you hate the most

[kxbelsalat]

Does Capitalism work? Are the living standards really worse overall? Or just more even.

[karlisulmanis]

I don't get the like/dislike ratio, this video is a pretty good layman's summary in my opinion..

[Qreator]

I am not socialist, nor capitalist, both systems are good and bad in their own ways
But this video has some flaws I would like to mention

1) The actual biggest flaw that all Socialist countries do is being opposed by The United States. After all, no amount of good economic policy will beat a gun to the head. Fun fact: No socialist country in history has been free of US intervention!

2)The Demand for most good and service are highly predictable, especially in the era of computer, calculating and predicting demand should be no problem most of the time.

3)”To each according to their need” this is the socialist’s motto, everyone gets what they need to live and the rest you have to get it yourself.

4)Robots, Machines, AIs and future technology will continue to reduce the necessity for human worker + people naturally want to be useful, proof: volunteers. Though we can’t (yet) run an economy on volunteers, most people are fine with working whatever they are assigned as long as they get their needs

[yukitakaoni]

Remember, profit must always be above morality or your business will go bankrupt in capitalism. Ans always consider greed is the only morality to ever exist, any other thing will be considered as against (human nature). That is the unmovable rule of Capitalism. Break it and you will always be questions with: What about human nature?

[wooju]

The people in charge were bad - Slavoj Zizek

[weaponizedbattletoaster]

you just gotta size the means of production

[MrBigShot]

It would have been way faster if you just attacked the labor theory of value

[justsomeguytrynasleep]

The thing is that you can actually now what people want to buy and what not. A.I for example can nowadays calculate how much Sushi will be sold at a mall by simply just looking at the weather and data from last week. A planned economy can work and will eventually even be better than a capitalist one (which suffers from alot of the points you have adressed in the video) if you actually get competent planners and enough data.