💲 Capitalism - The Unknown Ideal?

Capitalism - The Unknown Ideal? Is there any political system that is based entirely on voluntary interpersonal interactions, under which a citizen has complete and utter control over their own life? A political system that does not envision neither lord nor servant, neither owner nor slave? Under which a person has the individual right to separate good from evil, and be free just as the little
prince?

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Music on CC license:

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[berntengdahl]

"Each person believes that the decision was good for them and improve their life. Otherwise they would not do it"

Tell that to the guy smoking himself to an early and painful death because of his tobacco addiction. Or to alcoholic who can't stop drinking. Or to the guy who just bought a house and only now discovers that there's mold in the walls, and the insurance company wont cover it.

[tommymarinBR]

i had to dig trough most of youtube to see a non-negative video about capitalism, and i'm glad i did found this great video. Now i'll have to read more about Ayn Rand

[SL]

Politics is ALL about what should be imposed by force on peaceful people. The best amount of politics is ZERO.

[looneycrow]

Appropriate video title: Utopian capitalism

[phobes]

Rand was so close. Government has never, and will never, operate the way she describes.

[KimSkovsbyKameratest]

little correction .. Denmark is not a free country .. we are taxed so no one has the recursors to make and create what they dream of. 😳

[vettaimannan]

Another awesome video from econ clips.❤ love from india

[dearmore]

I hope this channel will continue in making videos about entrepreneurship, economy topics, etc. Your videos are well explained and visuals are excellent.
It is truly helpful esp for students, and aspiring entrepreneurs, Economist.

[kimobrien.]

Capitalism the unknown ideal. Exactly the idealistic version of capitalism is one that is unknown.

[FJParravicini]

Nice way to show introductory topics to the audience, I like how you guys animate concepts! Capitalism is a pretty complicated issue and how you feel about will largely depend on what country you're living in. In general, though, the precepts that should apply is that individuals should have absolute freedom so as long as they're well educated and have rational skills. Otherwise, it's easy to exploit less knowledgeable parties.


Great video!

[raffaelemancini]

More people need to watch your videos. Pure capitalism never existed. Yet whenever there's an economic crisis, it is very convenient to just ignore bad government interventions and blame it all on capitalism.

[aadityas.]

Thank You So Much EconClips, You are doing a Great Job, Keep It Up.

[panbubr]

CC license in description is in Polish instead of English ;)

[AsleepOnTheRiverside]

But if we leave everything in the hands of companies, from the point of view of the purest liberalism, can we really expect a fair level of satisfaction in society? Isn't the goal of companies just their own profit? It's not a rhetorical question; I don't want to have preconceptions or beliefs. What, for example, would education become in such a society?

[sorrowu]

And thats why you need Robert A. Heinlein's starship troopers republic. The issue is, if hearos of 4 turning will have balls to pull it of

[limeylime]

I do truly love the idea of pure capitalism as much as I love the idea of pure communism. However, both are only good on paper, and because of the inherent nature of humans, both are impossible to maintain without problems. Perhaps a middle blend of these two would be ideal for us. America is vastly capitalistic but it has a few communistic ideals. I believe that system works very well

[juliancoenen]

<=ECONOMIC COERCION EXISTS TOO=>

If you use economic coercion instead of violent coercion nothing has changed

[tristancelayeta]

Hogwash misrepresentation of history as apology for domination and exploitation. Quite as mad as Ayn Rand's rants.

[Khangan]

naive peoples. would the poles want to emulate the trump ppls?

[SimonHuggins]

Whoah. That comes across as propaganda. I mean, like pathe news style. I guess when you try to cover something so broad in such a small amount of time, some over-simplifications are going to be inevitable.