✊🏻 Why not SOCIALISM?

NO to socialism? But why exactly?
Learn Austrian Economics in a fun way!

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[warrenviegas]

its a shame videos like this are not more popular---it would be a good response to videos like "second thought"--slickly produced and reliant on emotional appeal as opposed to facts

[caiociardelli]

One more amazing video! I have been following this channel for almost five years and it's content has always been excellent. Keep doing the great job you are doing!

[thebladex]

Incredible videos! I'm binging all your stuff now

[rogue]

Please more videos!!! I use this in the education of my children!!!

[macioluko]

Great discussion.

To all that think any kind of socialism is a great idea…

Have fun standing in long lines for literally everything. Enjoy!

[Aman__Alam]

I believe that the best way to promote the channel is to create a whole course based on books like "Human Action" and "Man Economy and State" with videos of comparable quality.

[MrJabbothehut]

Because it removes any incentive to try harder the further along time you go. Most people barely pull their shit together in a capitalist society. In a socialist one you then have to compensate for all the shitters who don't contribute anything.

[acem]

I love how simply following the logic where it takes you gets you to Austrian Economics. Or, more specifically, following the logic where it takes you *is* Austrian Economics!

[aadityas.]

One year since you posted any video 😢 please come back

[ethanthompson]

fun fact, a billionair actualy never makes any bad decisions in the name of personal gain, they always do the most efficient thing because they care so much about the peasants below them.

[ScottOrr]

Does anyone know what's happened to this channel/creator, they seem to have just stopped.

[okoriekingsley]

This is exceptionally wonderful video and it would be good to spread this video

[LabsResearch]

Socialism in all forms have been tried and all have failed .. most lead to misery and death.. the rest lead to capitalism

[skotnica]

Love to see the use of a Polish video, albeit an old one.

[freshavocadew]

I'm curious who thought it was a good idea for this channel to use emojies in its titles and what was their reasoning

[John-bhe]

Why would authorities in capitalism countries allow people (e.g. immigrants) to occupy private properties when actual owners were absent (traveling out of country)?

[aravndhanr]

First view.... First like... First comment... ❤️ ❤️❤️

[kimobrien.]

Its assumes that socialism is just a bureaucratic version of capitalism and capitalism advantage is the smart petty bourgeois entrepreneur. In fact the petty bourgeois entrepreneur is continually driven out of business durring ever capitalist crisis of production. The real advantage to socialism comes from the working people organized as the producers such that the can move about into different industries and take what they learned in one to another. You can incentivise people with things other than money and if you get rid of the exploitative nature of capitalism you create a happier population. If you can draw in more people into working than you can reduce overall hours needed for production .

[louislemar]

To give another example which is classic for economists to make. When arguing that to embrace central planning deprives “society” of the benefits that could be reaped from entrepreneurs like Steve Jobs or Henry Ford the video embraces a collectivist moral standard i.e. what’s good for society. But “society” isn’t an concrete particular entity, society is an abstraction. What exists are individual people, what is good or bad is good or bad for someone in particular. Values imply a valuer, and a purpose in which the value will be used.

We pro-liberty types should be using collectivist standards. We need to defend Steve Jobs individual, selfish right to his own life, liberty property and pursuit of happiness. Not trying to obfuscate that fact by saying that “society” will benefit. What you end up doing then is putting Steve Job’s interests in conflict with “society” and implying that the correct moral standard is the needs of society, so if society judges that it is in their interests to sacrifice, take from, or dictate to Steve Jobs society can because it is, it holds the standard of what is morally good.

[chaparmusic]

All the points in this video are great, but it mixes definitions by calling socialism what is, in fact, communism.