Theory and Practice are two very important things and too often I see people who are intelligent but for some strange reason can't seem to grasp common sense, this is a prime example of someone who cannot grasp the difference between theory and practice, almost as if what occurs in practice is not important, only what they hold by theory. In this video I set out by giving an example on theory and practice debunking Marxist theory, so if you ask 'what is Marxist theory' you must first ask the question 'what is a theory', once you understand this, you'll understand why you cannot place a theory above practice. When we define Marxist theory what you have on paper, the "idea" of Communism in the real world is not going to be what you put into practice.
For me it's one of the most common mistakes I come across too often where people think theory and practice are either one of the same or almost as if theories are more important than the practice. Theoretical Marxist theory is nonsense for the simple reason it goes far outside the bounds of human nature, praxeology, for this reason Marx theory could never be achieved. It is all well speaking about the "IDEA" of Karl Marx theory, but economic theory put into practice in the real world is an entirely different ball game as the practice of Communism turns to disaster. ... https://www.youtube.com/watch?v=ioFuU1floaY
In this argument on diversity and inclusion by a socialist, he claims that disabled people are left discriminated and made to feel lower class. Whilst I can understand that the education system isn't perfect and I don't entirely agree with the state education system, what this boy ignores is the fact that this isn't to blame on capitalism as the education system itself is run by the state, but to blame on the government itself.
I do point out, however, that things aren't necessarily as bad as he is making them out to be, there are many facilities put into place to provide for disabled people, but complaining about the separation, this is an issue to take up with the government, not business people as business people do not operate the schools or education system.
Helping the disabled people as much as possible in the name of diversity and inclusion I strongly agree with, it depends on the context and how you go around achieving this. I do not support trying to force everyone to be equally the same and earn equally the same as I stand by meritocracy and to blame capitalists is erroneous, had it not been for profits you wouldn't have businesses and if it weren't for capitalists, much of the facilities available to disabled people would not have been possible.
Original Sourced Video I responded to:
https://www.youtube.com/watch?v=OPfsDx3bQwA&app=desktop
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https://www.youtube.com/watch?v=Bup07e6531s
In this first part video I explain some of the main reasons why the yes campaign Scotland voted for Scottish independence. One of the main reasons as I mentioned was because of the self-serving government of Westminster, the yes campaign Scotland don't realise that the reason the British government became so self-serving was because of putting the economy into the hands of the state, making people dependent upon the state, therefore, calling out for Scotland to separate and voting for more of the same thing is not the answer.
Another reason I touched upon were the strong differing views of the yes campaign Scotland to that of the views of the average voter down south in England. I respect their argument on that, however, the problem is a lot of them support more socialism, which is one of the main reasons I had voted no against Scottish independence. Another reason and a more recent argument people favour Scottish independence is the support for Scotland to remain a part of the European Union, that for me is something I would never support.
We also see the arguments in favour of the big welfare state, higher tax rates and all of the 'free stuff' like; free healthcare, free education, free prescriptions, free tuition fees, all of which is problematic because it never is free, but more costly on the economy as a whole.
Music:
Talky Beat by Twin Musicom is licensed under a Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/)
Source: http://www.twinmusicom.org/song/265/talky-beat
Artist: http://www.twinmusicom.org
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https://www.youtube.com/watch?v=d4CDAMobhxs
In this part on the biggest myths about socialism I provided enough evidence historically to prove the 99 percent is a myth. As we can see from recorded history it contradicts the claim that capitalism leaves the 99 percent worse off whilst the 1 percent runs away with all the wealth and power for themselves.
As I pointed out, both Hong Kong and Sweden alone closed the wealth gap between the rich and poor proven by the gini coefficient, most importantly, they had high levels of equality and were able to lift the masses out of poverty whilst, in history, socialism had the opposite side effect. The 99 percent is a myth because it does not reflect what we have seen in freer market economies.
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https://www.youtube.com/watch?v=-Uu6Q8gLmHU
In this 2nd part debunking Dr. Richard Wolff on capitalism vs socialism, Dr. Richard Wolff explains from his view, the development of capitalism, as I mentioned, he fails to mention capitalism was based off meritocracy, not off of collectivism throughout history. The most important point was his claim on how capitalism is killing itself because of exploitation and underpaying workers, or paying people off, as if to blame the capitalist system for the faults of this current day corporatist system.
In this argument I make on capitalism vs socialism, I point out that it's the fault of corporatism, not capitalism and make the clear distinctions. I also explain about business reputation and why in a free market economy businesses would be limited due to strong consumer choice, fierce business competition giving workers a vast array of options to find better jobs, better pay, etc.
The problem with Dr. Richard Wolff's argument is that it's purely based off this idea that capitalism is what we are living under today and this most certainly is not the case. Instead, capitalism is being strangled half to death by the socialist government interventionism that has restricted competition making it difficult for people to find work as employment is harder to come by.
Again, claiming that socialism is the solution to the problem is nothing short of delusional given the recorded history has been so crystal clear of socialism's failure and Venezuela really is the perfect example of that.
Prelude No. 5 by Chris Zabriskie is licensed under a Creative Commons Attribution licence:
(https://creativecommons.org/licenses/by/4.0/)
Source: http://chriszabriskie.com/preludes/
Artist: http://chriszabriskie.com/
Mesmerize by Kevin MacLeod is licensed under a Creative Commons Attribution licence:
(https://creativecommons.org/licenses/by/4.0/)
Source: http://incompetech.com/music/royalty-free/index.html?isrc=USUAN1500005
Artist: http://incompetech.com/
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https://www.youtube.com/watch?v=8eWrTZHtm0g
In this video on the truth about capitalism: Non Compete Debunked, I covered his argument on the competition in the workplace. As I previously mentioned in part 4 we do not live under a free market economy, therefore, what is to blame for the lack of employment opportunity in ratio to demand for employment is to blame on governments interference in the economy.
Again, Non Compete uses the argument about automation, but as previously mentioned in part 4, it is a myth to state that automation resulted in a reduction in employment. As Henry Hazlitt points out:
_"New stocking frames as they were introduced were destroyed by the handicraft workmen (over 1,000 in a single riot), houses were burned, the inventors were threatened and obliged to fly for their lives, and order was not finally restored until the military had been called out and the leading rioters had been either transported or hanged._
_"Now it is important to bear in mind that insofar as the rioters were thinking of their own immediate or even longer futures their opposition to the machine was rational. For William Felkin, in his History of the Machine-Wrought Hosiery Manufactures (1867), tells us that the larger part of the 50,000 English stocking knitters and their families did not fully emerge from the hunger and misery entailed by the introduction of the machine for the next forty years. But insofar as the rioters believed, as most of them undoubtedly did, that the machine was permanently displacing men, they were mistaken, for before the end of the nineteenth century the stocking industry was employing at least a hundred men for every man it employed at the beginning of the century."_
No different to the myth that as productivity increased and profits for the capitalist increased, he erroneously claims that workers wages decreased, which is the complete opposite to that of the truth.
It may seem reasonable to speak about the competition in the workplace being a problem, but competition is what strives businesses to improve, most importantly, conflict in the workplace in today's market is to blame on corporatism, not capitalism.
Something I forgot to mention in this video and important to note; it is NOT the capitalist that determines what gets produced, it is the consumer through consumer demand. As mentioned, the capitalist may give orders of what he wants done with his own business regarding production, more often than not the employees are left freely to their own creativity. The capitalist would not have hired the highly-skilled individual for such things otherwise.
The thing that contradicts Non Compete debunked on his argument is that the very slave labour system he complains about is the natural state of where socialism will always lead and always has led. As I've mention
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https://www.youtube.com/watch?v=qyKm-DgKjAI
I am a Minarchist defending Anarcho Capitalism because I believe it deserves its chance. Debunking @Xexizy on private security among other things on Anarchism, although I believe there is a role for government, I would never say no if Anarchism was ever given the chance.
Anarcho Capitalism can be viewed as very idealistic and must be said that it is nothing at all like the irraitonal attempt you saw in Capitol Hill, Seattle (CHAZ/CHOP). Instead, there is private security, a court system and is most certainly not lawless. I cover a variety of these arguments in my video. Bearing in mind, my knowledge on Anarcho Capitalism will not be to the same extent as someone who has done a lot more research into it.
I am not someone who is purely ideological, I go by arguments that correlate to what history has proven, therefore, unlike other Libertarians, I support any position which defends the free and open market as that is what is most important for me and for what would benefit society as a whole in my eyes.
@Xexizy bases his assumption that under Anarcho Capitalism there is one corporation and it just rules all, almost as if to say that it acts as a central planner. His arguments are purely theoretical and doesn't live up to real world history that contradicts him.
You can read more on the private security by Murray N. Rothbard here which is a fantastic article: https://mises.org/wire/privatize-police
Another fantastic article by Tate Fegley on Private Policing Isn't a Fantasy:
https://mises.org/wire/private-policing-isnt-fantasy
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https://www.youtube.com/watch?v=OSsxd57EhqY
In this first part on capitalism vs socialism debunking Dr. Richard Wolff on 'How Capitalism is Killing Itself I tackled the argument explaining why there is such a systemic problem today which is not to blame on capitalism, rather, on socialism. Like you typically find, capitalism gets the blame for what isn't a capitalist system and has nothing to do with capitalism.
The argument I have provided on capitalism vs socialism I explain why socialism causes the very problems we face today and why capitalism is the solution to our problems. Dr. Richard Wolff wrongly conflates capitalism with corporatism which is an all too common problem.
Background Music:
Prelude No. 1 by Chris Zabriskie is licensed under a Creative Commons Attribution licence (https://creativecommons.org/licenses/by/4.0/)
Source: http://chriszabriskie.com/preludes/
Artist: http://chriszabriskie.com/
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https://www.youtube.com/watch?v=PdwtmPw1InQ
Economic Calculation Problem is something grossly misunderstood and have covered this very problem numerous times before. This time, debunking Xexizy, socialists don't understand economics. If socialists did understand economics, they would understand the importance of prices.
I covered the argument on prices relative to profits and losses, as well as on the variety of options regarding resources and their uses. You can find both of those videos here:
• profits and losses:
https://www.youtube.com/watch?v=mVbbFVKWdhI
• variety of options:
https://www.youtube.com/watch?v=bFoqXD_o6Wc
I advise that if you wish to get a fuller understanding to watch those two videos first. I explain the importance of prices, what profits and losses are, as well as giving you an understanding of how complex the economy is regarding the variety of options.
Then you can watch the extended argument I made that not only covers why computer technology can't solve the problem, but showing extensively examples of scarcity and the role prices have in the economy with relative scarcity in relation to products such as with milk, etc.
• Economic Calculation Problem (Extended):
https://www.youtube.com/watch?v=Zjzofn0qzQ4
Xexizy confuses the Economic Calculation Problem, just like all socialists, he doesn't realise that the Economic Calculation Problem is a separate argument from Hayek's Knowledge Problem. I didn't feel the need to go much into the argument on this problem because I've addressed it more extensively in those other videos. The purpose of this video debunking Xexizy is to illustrate the point for why his argument is deeply flawed.
Relative to his deeply flawed argument he twists communism to suit his own agenda, he clearly does not understand the theory of communism and like many socialists, attempts to correlate socialism with individuals being able to drive production and have personal ownership.
As I have addressed on the dictionary definitions, they are VERY clear for what they mean.
*PERSONAL:*
• belonging to or affecting a particular person rather than anyone else.
• of or concerning one's private life, relationships, and emotions rather than one's career or public life.
• relating to a particular person; private
• Of or relating to a particular person; private
• Concerning a particular person and his or her private business, interests, or activities; intimate
• relating or belonging to a single or particular person rather than to a group or an organization
Those definitions explain crystal clear for what _"personal"_ ownership means. It has NOTHING to do with collective ownership on ANY level. Socialism is about communal ownership and this defies ALL meaning of what is personal. When in support of personal ownership, you're supp
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https://www.youtube.com/watch?v=HHDrIuhehew
Minimum wage increase is something that I stand against as raising minimum wage simply doesn't work. The minimum wage increase throughout recorded history has proven a failure and every time the minimal wage increase has occurred, unemployment soared. In this video on the minimum wage increase I set out to explain the faults of why it's bad for the economy. People may ask 'Should minimum wage be raised' and with enough information I have provided in this video this should answer in basic why it's wrong. I also give the alternative giving a little history behind the background of Hong Kong and why the free market is the solution.
When people cry out to raise minimum wage they don't realise that when price goes up of lower skilled workers, demand from the employer goes down. It is for this reason that raising the minimum wage is destructive which causes businesses to seek to compensate for the minimum wage increase. Minimum wages are price floors and pretty much like any price controls it distorts market value causing problems.
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https://www.youtube.com/watch?v=iYjQsoOS6J4