If you don't like Capitalism, I hear Cuba is nice and sunny.

@jamesbizs

3 жыл бұрын

I don’t like monopolies. I don’t like these big companies colluding. I don’t like crony capitalism. I don’t like these companies controlling our elections. I don’t like these companies paying millions and millions, to help with ballot collecting.

@jdk370

3 жыл бұрын

Venezuela might be another good option

@fireman1226576

3 жыл бұрын

So the only 2 possible economic systems that could exist are capitalism and communism?

@jamesbizs

3 жыл бұрын

I love capitalism. America does not have capitalism. The countries all these people keep claiming are socialist, have more of a free market than we do. The country that is anti socialist and viewed as the blueprint for capitalism, is more socialist and less capitalist, than those countries. How does that even make sense?

@jamesbizs

3 жыл бұрын

@@fireman1226576 if you don’t like capitalism, then yes, only communism is next. Are there middle grounds? Sure. But if you don’t like capitalism in the first place , then you can’t have a middle ground

"You take 1 billion" Sorry, I don't remember Gabe Newell stealing my money and giving me a game in exchange. It was a *voluntary transaction*

@nadie4221

3 жыл бұрын

Gaben took my wallet D:

@johnharder9925

3 жыл бұрын

@@nadie4221 *** “I gave Gabe my wallet” ;)

@nadie4221

3 жыл бұрын

@@johnharder9925 Give gaben your soul and body

@Dasper12

3 жыл бұрын

I thought I had self control to not buy anything on sale on steam, but then I Gabe N.

@quinnc2417

3 жыл бұрын

Gabe Newell has taken everything away from me. Please delete this harmful comment or put a tw. JEEZE

My big problem with these billionaires and corporations is they spend a lot of time collecting government handouts and lobbying government to create regulations that stifle their competition. While they may not be full monopolies, they definitely try and shut down their competition using the governments guns.

@landgabriel

Жыл бұрын

@@DJTrulin Claiming to be an 'anti-crony capitalist' is like saying 'I'm an anti-authoritarian communist'.

@sophiaaihpos6563

Жыл бұрын

And thats why I hate regulations that the left loves to shell out. Without the democrat making these regulations smaller companies would have a much easier time competing.

@Reagansolum13

Жыл бұрын

@@sophiaaihpos6563 the right does the exact same thing. Best case the right whines about it for a while and then jumps on board and passes what the democrats propose. The right has simply been controlled opposition to make us think we’re voting to protect our rights. They don’t care about us any more than the democrats. They too just seek power and money over us.

@Uradamus

Жыл бұрын

@@DJTrulin Better to refer to it by a more accurate label - crony corporatism. Modern day big business corporations are basically socialist states unto themselves; parasitical ones that take advantage of host states. The means of production are owned by the corporation/state. The workers are the community who, under constant threat of financial violence, must follow the dictates of the corporate charter that forms the basis of their government along with the rules handed down from on high by management who, much like politicians, can't be held accountable for their actions as any complaints you have are with the corporation/state and not them personally.

@LunarMARAUDER

Жыл бұрын

@@Uradamus They work with government

I'm from India and I can confidently say from direct experience that the high speed internet revolution in India of the past 10-odd years has definitely enabled an extremely large number of people to earn money and prosper who were previously poorer. Whatever money the internet companies made, we all made a whole lot more, many times over.

@richardque4952

Жыл бұрын

Same in the philippine.

@No_name860

Жыл бұрын

Enjoy because it won’t last. I’ve heard that India is socialist right now like us in the West (US, Canada etc), while we’re slowly being turned into communist here, so you might be next.

@No_name860

Жыл бұрын

You can thank the World economic forum, the real leaders of the Western world and eventually the whole world.

@NeonKue

Жыл бұрын

Like online scams?

@k_e3735

2 ай бұрын

Money is all just made up. It's whatever value we believe to be. The real reason for high speed internet is because of scientist and engineers that created it. Education and human achievement are the actual causes of this. Not 'capitalism'.

Thomas Sowell: One of the sad signs of our times is that we have demonized those who produce, subsidized those who refuse to produce, and canonized those who complain.

@bluehotdog2610

3 жыл бұрын

Is there anything wrong with helping people who are struggling?

@tstbad59

3 жыл бұрын

@@bluehotdog2610 Of course not, if there was we would outlaw charities such as the Salvation Army and Feeding America.

@friendlyone2706

3 жыл бұрын

@@bluehotdog2610 A clever capitalist could find a system to help struggling people no longer struggle so hard, and make a profit doing so. Example: financial advisors that teach people to manage money, and get paid by a share of the money saved, Both helper and struggler become wealthier. Example: developing computerized "eyes" that enable the blind to read ordinary books. Said tech is now enabling the mass conversion of regular books to audio books. The inventors earned money. The users have improved lifestyle. Whatever the cause of the struggle, a clever capitalist can find a way to lessen the struggle --- and make money doing so, enabling an "unlimited" budget of funds available to help others with the same struggle, unlike very limited charity funds.

@dmannevada5981

3 жыл бұрын

@@bluehotdog2610 Nope, capitalists do it all day every day.

@dmannevada5981

3 жыл бұрын

@@friendlyone2706 Nope, have tried it. When I got to the point where I could help people, I decided I'd pick different people who have live in poverty their whole lives and try & help them. Never worked I discovered because you can't change the character of people. The people who don't like to work, don't like to keep their homes clean, don't care about their personal hygiene etc, will never change, no matter what you do to help & teach them. Once they get even to just 30 years of age, it's over in my opinion for 99% of them if they haven't developed some basic habits already.

In my opinion the biggest myth is that capitalism is a "system" at all. On the contrary, it's the lack of a system. You can't force anyone to innovate through a pre-determined plan. To do so, you'd have to magically know what was going to be invented next and tell them to invent it. And if you created some requirement like "you must invent one new thing", "improve on this", even if they were rewarded they would only be incentivized to do the bare minimum to achieve it. With a free market there is unlimited reward and therefore no reason to stop improving. Of course we should have SOME level of regulation in my opinion, such as where monopolies begin actively trying to prevent competition and innovation, therefore inhibiting the free market. But that's another topic entirely.

@erikwurgler

3 жыл бұрын

As long as the Federal Government doesn't bail people out and protect monopolies through over legislation, I agree.

@jrottendevil

3 жыл бұрын

Free market doesn't exist with so many government restrictions. Government is the problem, not capitalism.

@alecubudulecu

3 жыл бұрын

Ahh! ThioJoe up in here! Yeah controlled dynamic thinking is an impossible contradiction. However. The one thing controlled regulation and standards does - is create a mandatory education baseline. I grew up in communism (Romania in the 80s). We lacked dynamic critical thinking in our system (amongst other nice things like food and water) … but everyone had a very high core understanding of computer programming, systems, math, sciences, etc. These were invaluable for me when I moved to the USA and was able to apply what I learned to a capitalist nation. Especially in contrast to my peers who didn’t undergo these forced education.

@BlastinRope

3 жыл бұрын

Capitalism refers to the system of financial institutions which facilitate managing wealth through capital

@luismahboi1457

3 жыл бұрын

gimme free gpu pls

We have not been truly capitalistic in the last 100 years. The problems we attribute to capitalism are costs of the increasing control government has been exerting over the private sector. Thank you Woodrow Wilson and FDR.

@AA_04

Жыл бұрын

I heard that in the 80s you guys had a president who introduced Neo liberalism in the country that led to less government control. I forgot his name tho.

@ericwanderweg8525

Жыл бұрын

@@AA_04 The 80s were the Ronald Reagan years. He did some good, and talked a lot about smaller government, but he also expanded both the government and the deficit.

@alwaysfreedom9354

Жыл бұрын

FDR was a Jew-hating racist. Read The Jews Should Keep Quiet. By Rafael Medoff. A great novel about freedom is, Feathers on the Wings of Love and Hate. Let the Gun Speak. By John Grit. FDR's Folly. How Roosevelt and His New Deal Prolonged the Great Depression by Jim Powell, is about FDR starving Americans to death. I was self-employed all but my first year out of high school. Not long out of high school, I owned a home I paid cash for. Built it with my own two hands. Paid cash for commercial property. Held the mortgage on it when I sold it. Paid cash for my second home. Built my third home with my own two hands. For years, I owned two homes and commercial property. I have not worked in many years and have more in the bank than when I stopped working. Capitalism and Free Enterprise are the building blocks of freedom. Communism and Nazism have killed 120 million people in the last 100 years.

@ethanlewis1453

Жыл бұрын

THANK YOU. Yes... this is so obviously true and nobody acknowledges it! Back when the USA GDP was growing relative to other world economies 100 years ago... there was actually capitalism. The moment the USA including SOCIALISM in its economy as a MIXED ECONOMY, relative growth stopped.

@sprockkets

Жыл бұрын

Yes, I'm sure you want to go back to child labor, being paid in company credits, and working 7 days a week for over 60 hours with no overtime as well huh?

I agree with everything John Stossel said except for the part about Monopolies. If you didn't allow monopolies then there would be more free market's and more capitalism. Monopolies can arbitrarily set prices, drive down innovation and competition, and distort market's by there price fixing.

Sadly, the people that need to see this video will either not see it or refuse to watch it.

@scrilla4047

3 жыл бұрын

I watched it but I can't say it was very convincing...

@roncur

3 жыл бұрын

U win the comment battle sir

@kibawhitefang7176

3 жыл бұрын

@@scrilla4047 I wonder what type of phone you used to get on YouTuBe one of the big techs to make a response over a commentary. 😅

@scrilla4047

3 жыл бұрын

@@kibawhitefang7176 galaxy 👌

@teru797

3 жыл бұрын

Thanks to big tech censorship we wont have to worry about anyone disliking capitalism here in the US because we wont have capitalism if they get their way.

If "nobody deserves that much money" when they earned it, nobody deserves it when they DIDN'T earn it

@osets2117

3 жыл бұрын

I don't see Zuckerberg donating all his money yet he has the balls to say that

@Aphex217Twin

3 жыл бұрын

Didn't he already donate 99 percent of his wealth?

@FarBeyondStrange

3 жыл бұрын

@@Aphex217Twin How come he's still in business than?

@mitchells8360

3 жыл бұрын

Preach

@osets2117

3 жыл бұрын

@@FarBeyondStrange donating his personal wealth and donating his business are two different things, but I understand where you're coming from

The government can create more money, but only entrepreneurs and other innovators create wealth.

@melissachartres3219

Жыл бұрын

I agree with your statement and know what you mean by it. With that said: Government can create more CURRENCY. Money (for example precious metals) is hard to print out of thin air... which is what confers it value. The stuff in your wallet right now is garbage.

Hey, Stossel, I’ve been watching your content since high school. I just got my BA from university last month. Keep up the great work! The world needs perspectives like yours!

I love being lectured by wealthy, progressive Democrats on why capitalism doesn’t work…

@geraldclough2870

3 жыл бұрын

You are correct. They are all lying criminals.

@RextheRebel

3 жыл бұрын

And I love being indoctrinated by powerful, greedy, arrogant goons who want to convince the temporarily displaced millionaire that they too will benefit from Capitalism as they rightly deserve to be. Oh wait, that's you. Nevermind.

@rustynail9007

3 жыл бұрын

@@RextheRebel nah your just a lazy bum if your not successful

@dafeekielelliott2442

3 жыл бұрын

@@RextheRebel I mean you can literally live off of welfare and live better than the common people did in the past

@arnoldsenokopenko6093

3 жыл бұрын

@@RextheRebel You don't need to be a millionaire to be considered rich. Just compare the life of a "poor" person today with the life of somebody 100 years ago. If I compare my life with the life of my own grandparents I'm absolutely filthy rich. Just because some people are a million times richer than me doesn't mean that I am not. I have everything I need and more, and I am grateful for it, because I could have been born a thousand years ago and lived in slavery. But I was lucky enough to be born into a capitalist society where I can actually rise up in wealth by my own work. You don't need to put others down to rise up yourself.

"Despite the miracles of capitalism, it doesn't do well in popularity polls. One of the reasons is that capitalism is always evaluated against the non-existent, non-realizable utopias of socialism or communism. Any earthly system, when compared to a Utopia, will pale in comparison. But for the ordinary person, capitalism, with all of its warts, is superior to any system yet devised to deal with our everyday needs and desires." ~ Walter E. Williams

@awesomedavid2012

3 жыл бұрын

Yeah I realized that was the main flaw of most arguments. People try to argue the ideal of socialism against the reality of capitalism because they know if they do a fair comparison (the ideal of capitalism vs the ideal of socialism) or (the reality of capitalism vs the reality of socialism) they'll fail. It's really an admission that they are wrong

@freedomwriter1995

3 жыл бұрын

Tech companies like Google, Facebook, Twitter, Instagram, and Amazon control most of the web hosting services on the internet. They use this to eliminate conservative and libertarian leaning websites and social media platforms from their services to silence any political opinions they disagree with.

@scrapcash2421

3 жыл бұрын

The reason it doesn't do well in popularity polls is Bernie Sanders and AOC. They constantly LIE about Capitalism trying to make everyone think Capitalism is bad!! Marxist Democrats with their disinformation!!

@scrapcash2421

3 жыл бұрын

@@freedomwriter1995 But look. Because they do that, places like Parler, Bitchute, Odysee and many more have sprung up. Because of them, Google, Facebook, Twitter and so forth are now all starting to get competition. Just like every company in history. If one restricts, more pop up. We vote everyday with our money in a Capitalist society. If we don't like what a company does, WOKA COLA, we don't buy that product anymore. YOU HAVE A CHOICE!!

@probuilder961

3 жыл бұрын

I miss that great man!

The problem most people have is that they think crony capitalism is the same as free market capitalism.

These billionaires are not getting rich because of capitalism, they are getting rich because of cronyism, lobbying (bribing) and monopoly .

Cancel culture is a game changer for big tech. Look what they did to Parler. Can’t compete when you can’t exists.

@adamgrey268

3 жыл бұрын

"I find your lack of faith disturbing." -Darth Vader Don't be naïve. The worst possible thing that could happen is that the government gets involved to protect us from big tech. Parler went through some crap, but by no means were they eradicated. And by no means is there a centrally controlled narrative. Despite all the cancelling and banning of people I still follow all of the people I did before and I find new people through other mediums. Is it inconvenient? Sure, but the government will make it worse--the government will make certain voices illegal.

@zaviaroziemkowski6331

3 жыл бұрын

Parler was taken off of google. Competing search engines like Bing, Duck Duck Go and more still offer it.

@comment6864

3 жыл бұрын

Our legal system hasn't caught up to the challenges that technology has created, in so many ways. But it's not going to be easy to evolve this, especially with the incredibly superficial mental state that the world is in right now. It's almost like this wokeness thing is a fever. They're all in a hallucinatory feverish state right now. Not conducive to real creative thought or common sense, to anything REAL really.

@NVArt001

3 жыл бұрын

@@comment6864 The government hasn't caught up on anything since WWII.

@samename1st

3 жыл бұрын

​@@adamgrey268 Convenience is the key. We give them the monopoly because we like the convenience. These other sites are less user friendly, for now, but they are trying to counter the monopoly. We must give up some convenience to support them. The question is are we willing to deal with the inconvenience for the sake of our values?

The issue of big tech is not the money they make, but the rules of law they want to dictate. And politicians really are hypocrites in that regard, because many don't mind asking them to shadow ban their political opponent.

@loviatar9

3 жыл бұрын

You're right, both sides would happily reap these benefits, but it's obvious that one side currently is.

@GetGood5

3 жыл бұрын

agreed

@noztk

3 жыл бұрын

Isnt it currently harder to get successfull today than it was in the past? I have talked with some somewhat successfull people here in germany and they all seem to agree that if you are born on the poorer side its almost impossible for them to get out of the poverty.

@teru797

3 жыл бұрын

Something needs done about big tech. I'm not totally sure but we need to start by agreeing that there is a problem that needs fixed. Not enough people realize the shadow cabal of elites behind the scene literally changed the outcome of our elections. Not saying they committed fraud, I don't know for sure on that, but they certainly pulled a lot of strings.

@briank5877

3 жыл бұрын

@@teru797 I think a good start would be to remove their section 230 protection as they truly are not operating as a platform.

I Started a car detailing business at 15. Worked 7 days a week, did one car Monday though Friday and two on the weekend. I made over 100k my first year. I Save and saved and saved, then bought a house straight cash when i turned 18 before i even graduated. Turned 21, got my CDL, sold my car detailing business. Used that to buy three trucks build it 25 trucks and just sold it. Im 39 years old and retired. Only in a capitalist system i could do that.

Great video. However, in regard to "big tech", the problem is that these big companies all work together to stop competition. And that's the issue. Take Parler for instance. It was a direct competitor to Twitter. However, after the events of Jan 6th, Google and Apple pulled the app from their app stores under the pretext of Parler being used to coordinate the events (which wasn't true). Then Amazon pulled the AWS (Amazon Web Services) infrastructure that Parler used, thus shutting them down. Other companies and services were also involved in getting Parler shut down.

@David-fi9yu

11 ай бұрын

Exactly, companies should be heavily regulated to diminish any chance of them involving themselves in this sort of business. I don't believe companies and billionaires that have a huge responsibility should be allowed to interact with politics.

“Blaming capitalism like that's the reason things are tough while you tweet from an iPhone and sip on a Starbucks”

@eadgbe13

3 жыл бұрын

@Carley Higgins same here. Not a fan of the racist crybabies. But Tom is great.

@RextheRebel

3 жыл бұрын

And who makes those phones and those coffees? Who carries the shipments and brings those shipments in? Oh that's right, workers. The only thing the wealthy do is tell everyone what to do according to their plan.

@eadgbe13

3 жыл бұрын

@@RextheRebel Shhhhhhhh Go read The Gulag Archipelego while the grown ups talk.

@memezoffuckery3207

3 жыл бұрын

This isn’t a good critic, might as well talk down to a peasant about “blaming communism, while they write on a piece of paper and chew from a loath of bread, both manufactured by the state”.

@eadgbe13

3 жыл бұрын

@@memezoffuckery3207 what peasants are you speaking about? The poor who get free housing and use their extra money for iPhones and expensive cars?

I respect him John a for not defending one side of politics, he just sticks to the facts!

@scrilla4047

3 жыл бұрын

He clearly is taking a side😂

@jakob6960

3 жыл бұрын

@@scrilla4047 What side? Did he say anything that was incorrect?

@freedomwriter1995

3 жыл бұрын

Tech companies like Google, Facebook, Twitter, Instagram, and Amazon control most of the web hosting services on the internet. They use this to eliminate conservative and libertarian leaning websites and social media platforms from their services to silence any political opinions they disagree with.

@jakob6960

3 жыл бұрын

@@freedomwriter1995 They mostly don't demonetize libertarian content, it's mostly conservative (From what I've seen). The tech giants also have their own choice, the consumers decide. I don't see why it's a problem.

@teru797

3 жыл бұрын

No, I normally agree with everything you say, and for the most part still do on this video but we have to do something about big tech. They helped an unpopular president become president through nefarious means and censorship. We have to do something about it to avoid full blown social marxism.

Capitalism used to just be called “freedom.”

This is perhaps my favorite of all your videos! Loved it!

Mark Zuckerberg - "nobody should have a billion dollars!" Meanwhile Facebook has more ads than EVER before. Smh

@egoy34

3 жыл бұрын

wait facebook is still a thing

@lainiwakura1776

3 жыл бұрын

"Nobody should have a billion dollars!" says the man who is a billionaire.

@danield1414

3 жыл бұрын

Why do you use Facebook? I never have.

@OddZodd

3 жыл бұрын

@@egoy34 Yep, and they own whatsapp and instagram as well

@gemguy6812

3 жыл бұрын

He’s simply spewing leftist rhetoric to keep the pitchfork wielding peasants away from his kingdom. Can’t blame the guy really, if he deviates from the narrative, they would be at his gates

"Finite amount of money" Quantitative Easing: Am I a joke to you?

@db9944

3 жыл бұрын

*laughs in Venezuelan*

@RussellNelson

3 жыл бұрын

Yes, and if you create new money which isn't backed by things to buy with that money, the value of the money drops.

@povrataklokija

3 жыл бұрын

@@db9944 Bitch you only talk abouth muh Venezuela but how abouth yugoslavia ? under Socialist Federal Republic of Yugoslavia and Josip Broz Tito as President for life. It was great here.

@povrataklokija

3 жыл бұрын

@@db9944 But under Capitalism now we can't even buy food

@rebeccaisrael2488

3 жыл бұрын

People don’t know history

The problem with big tech isn't their business success, it's their disingenuous use of influence.

John, just found your content and have to thank you. Very well done! I'll use it to educate my kids.

People who endorse socialism have, at best, a child-like understanding of both history and human nature.

@quantumfrost9467

3 жыл бұрын

And no understanding on economics, the ones I've talked to don't understand basic economics (and that isn't being said just to insult)

@brianschwatka3655

3 жыл бұрын

I disagree it being child like. Peterson said it best those who advocate for it are the most arrogant amongst us. They believe that if they were the caring dictator that socialism will work this time.

@metalman666ization

3 жыл бұрын

@@brianschwatka3655 Arrogance can be seen as childish IMHO.

@comment6864

3 жыл бұрын

@@metalman666ization Yeah, i would say they are both arrogant and childish. But i think it's also a kind of personal rage or rebellion, an actual malevolence. Usually leaders of communist revolutions were vengeful haters. They were out to put out their hatred of someone or something on everyone. And socialists are also masking vengeful or jealous feelings with supposed empathy. This cause this undercurrent of a desire to break human nature, and so yes, socialism ends up always working against human nature instead of with it.

@jett7499

3 жыл бұрын

Firmly agree.

"Nobody should own a billion dollars. That's what's evil." -this is how they think

@davidanalyst671

3 жыл бұрын

The stupid thing is that all the billionaires are democrats because they see the democrats bankrupting the country and moving to AI faster than the republicans, so the billionaires have to keep up the cool and progressive image even though their party literally trash talks them every day

@macethorns1168

3 жыл бұрын

Which is strange since there should be no "career politicians" and public servants should NOT be getting rich by throwing government influence around.

@ILovePancakes24

3 жыл бұрын

@@macethorns1168 government is a jobs program for our last and most useless to feel valued. We should move them back to digging ditches and filling in potholes.

@midgetydeath

3 жыл бұрын

Until they have it. Then they change their tune.

@michaelpizzo92

3 жыл бұрын

The stupidest part is ppl think that being a billionaire means have a billion dollars in liquid assets. When its almost always that you own a company or a portion of one that is valued at billions of dollars.

"The poor are getting poorer" In my house there's just me and my mom, I'm a college student currently not working because my mom doesn't want me to, so she's the one that brings in the money, she wins around $1000 to $2000 a month and... WE LIVE BETTER THAN WE DID 10, 15 or 20 YEARS AGO! 15+ years ago we only had 1 AC and was one of those fucking noisy box AC's, now we have 2 mini-splits, back then we didn't had a PC, now we have a laptop, and our phones, I have an XBOX ONE, 1 smart TV and 1 LCD TV, back then it was just a single big ass TV, we have internet, back then? A luxury, we have Netflix, back then? We couldn't even afford a Blockbuster membership. Back then we called LUXURY what we now call SOMETHING BASIC! How are we getting poorer when we can pay all that shit we couldn't back then and still feed ourselves?

@K-Anne_

Жыл бұрын

This is a great comment on this!

@gcg8187

Жыл бұрын

Well said!! I'm half filipino, and have lived there. The U.S. has a crazy level of abundance and standard of living! And the growth over the last 100 years in the U.S. is mind blowing compared to the rest of the world. There's not much you can do to build wealth in the Philippines, imo, but in the U.S., the average person has many choices available. If they make successful life choices, they will succeed over time, I love it here in U.S. :)

Stossel videos always make my day!

The issue with Big Tech isn’t capitalism it is government intervention.

@chrismiller100

3 жыл бұрын

And suppression of speech they disagree with.

@Xckel13

3 жыл бұрын

but the government hasn't intervened

@sbyrstall

3 жыл бұрын

The government always gets to decide the winner and losers. Just look at past year plus. Mom and pops were told they had to close while Amazon, Walmart, etc. could stay open because they were deemed "essential" by the government.

@gregoriolorenzo8771

3 жыл бұрын

@@Xckel13 Sure, big tech companies getting billions of dollars in subsidies from the government isn't intervention at all...

@foxhound963

3 жыл бұрын

yes they have, the gov works with big tech all the time.

Literally why communism couldn’t feed it people. Put a cap on income is putting a cap on innovation and progression.

@sideeggunnecessary

3 жыл бұрын

I am also brainwashed bro

@NicitoStaAna

3 жыл бұрын

Imagine innovating the computer/phone/e-services/rockets for space exploration. Then gets told as they're as rich as the guy that sells chocolates/luxury bags/plastics. Elon Musk might as well focus on advertising/chocolates rather than saving taxpayers billions of dollars per launch if there's a cap on wealth

@gerardcote8391

3 жыл бұрын

Just slapping the name progress on something doesn't make it good. Innovation to make you a serf is nothing to celebrate.

@cargillmonteque2311

3 жыл бұрын

@@gerardcote8391 but what does that mean?

@gerardcote8391

3 жыл бұрын

@@cargillmonteque2311 Means people use those buzzwords to sell crap. Innovation like Big Tech algorithms to censor dissent, bury the truth, and make people dependant on them for their livelihoods. No man is free that is being spied on 24/7 by innovative recording technology, listening and reading every word then classify you as an enemy of the establishment.

One glaring problem with this whole schtick is that housing, education, and health care prices have gone up much faster than the poor have gotten richer. So sure, maybe per capita GDP has increased, but it doesn't matter so long as wages remain largely stagnant while the prices of rent or leasing to own a home skyrocket.

The only problem though... is the richer we all get... the greedier monopolies get. The richer we all get... the more of our wealth they want, and the higher our taxes, prices, and fees get.

The problem with people with alot of money is not they "stole" it, but rather they get alot of political influences.

@Mark_Chandler

3 жыл бұрын

exactly, its called welfare for the rich.

@blackjay5338

3 жыл бұрын

Corporate cronyism is not capitalism. Bailouts for too-large-to-fail companies is not capitalism. Lobbying for protections against competition is not capitalism. Lots of problems we should combat. Still, pure capitalism is the best system, and it is responsible for the greatest growth of wealth in the US and the world.

@davidhakadoober._1-

3 жыл бұрын

So ending lobbying for special interest is part of the solution.

@kylebarton778

3 жыл бұрын

That is a problem of having government so big that it's worth buying, not a problem of people being too rich.

@yt_nh9347

3 жыл бұрын

@@blackjay5338 pure capitalism never works and has never been implemented (the same as true communism). Under pure capitalism you would not have national defense, public police force and healthcare would be even more expensive. In reality most economies are capitalist with some social policies

My problem with the super rich isn’t that they have money, it’s that they can use that money to influence politics

@mr.alkenly889

3 жыл бұрын

Underrated comment

@HackerReportBFH

3 жыл бұрын

That's a good point. But there is another step before the "gift" bribes. When government want to learn about an industry to regulate it properly, they ask who? Joe Schmoe? No. It's always the leading industrial giants who have the experience to explain complex industrial factors. So they are tied into government by this (and by their friends or other wealthy circles). So while they're there, they give out money and say they support something that is going to improve the industry, which is likely a half truth or less.

@quantumfrost9467

3 жыл бұрын

So the problem still lies in government, companies wouldn't give that money if there wasn't some advantage to be gained

@santiagopuentep

3 жыл бұрын

@@quantumfrost9467 That's right. Today's government spends 38% of the money made in America. Is the all powerful corporation hundreds of forced monopolies and an army, and people think that the problem are citizens with money. That's crazy. People think that the government is them... it's a company for which they have a single share with voting rights every 4 years. The government is the problem, not the people.

@Foolish188

3 жыл бұрын

So? Google didn't spend a cent on lobbying until another company lobbied (made campaign contributions) Congress to hurt Google and help them. Lol My brain is freezing, I know the story well, but cannot dredge up the name of the other company, sorry.

John it’s a monopoly when only six people can get together to kick you off of every platform without recourse

Great information as always. I enjoy your content very much.

I know it takes a lot of nerve, but keep telling the truth Mr. Stossel! Thank you.

@poweraccountabilityleague6877

3 жыл бұрын

It's embarrassing that John can't accept that leftism is a mental illness. There is no "educating" them with facts. You might as well try and teach a cactus plant to build a spaceship to Mars.

@craigjohnstone7379

3 жыл бұрын

@@poweraccountabilityleague6877 you are incorrect and it's actually sad. Some idiots argue against capatililism. The argument should be against fractional reserve banking and fiat economics. That's where wealth disparity comes from.

@craigjohnstone7379

3 жыл бұрын

@@poweraccountabilityleague6877 and John is manipulating clear facts with half truths. Which is probably worse

@poweraccountabilityleague6877

3 жыл бұрын

@@craigjohnstone7379 Tell us all about the Democratopia you'll bring when made Lord of the Universe???

@craigjohnstone7379

3 жыл бұрын

@@poweraccountabilityleague6877 I'm sorry if you can't read or just want to make shit up. If you wish to discuss or debate you are welcome to. But I have made it clear capatililism is not the driving issue here

Remember back when you used to learn something from Journalists? Keep it up John your videos are like candy in this dark soylent green world.

@georgealicea2978

2 жыл бұрын

Absolutely. The media no longer provides truth, but left wing lies.

@ObviousTrollFrom2007

2 жыл бұрын

@@georgealicea2978 At this point idfk what to think, I have a feeling both sides could be biased for all I know.

@loganroberts1582

2 жыл бұрын

@@ObviousTrollFrom2007 I’ll help you out, John stossel is a boomer who doesn’t know anything, I’d recommend listening to just about anyone else.

@pmv2015

2 жыл бұрын

@@ObviousTrollFrom2007 Capitalism is certainly good. I don't know why Americans even have to be told this. A system that has in 100 years, taken our country from a wilderness to a superpower. This should be something both us Democrats and Republicans should agree on. Stossel is doing a good job of showing this.

@somedude5297

2 жыл бұрын

@@loganroberts1582 Reddit is thataway sir.

Love what you do Stossel!!!

The main issue with social media platforms isn’t their product (well partly) it’s their coordination with the government to attack people’s rights.

@ohioplayer-bl9em

Жыл бұрын

yes... they are in bed with the government.

In all my years of working, I still have never gotten a job from a poor person.

@johnl.7754

3 жыл бұрын

I agree but global capitalism might mean that your job will be going overseas because of lower costs.

@karozans

3 жыл бұрын

@@johnl.7754 The job does not belong to the employee. The job was created by the employer. Thus it is theirs to do with what they want.

@ravecaster

3 жыл бұрын

@@johnl.7754 actually that would be Democrats.

@mcephas6982

3 жыл бұрын

You may not have gotten your job from them, but you probably got most of what you own through the productive efforts of their labour.

@janm2361

3 жыл бұрын

They would rather have you as a robot. Give them time.

Everyone I know, regardless of what they believe, is capitalistic in their behaviors.

@TXKafir

3 жыл бұрын

That's because free markets are the _natural_ economy. Those rules apply whether you want them to or not. Just ask the USSR.

@jimwerther

3 жыл бұрын

Think Patrice Cullors

@comment6864

3 жыл бұрын

@@TXKafir Right.. you go against them, you develop a black market

@comment6864

3 жыл бұрын

Moreover, capitalism is often confused with human vices in general

@MiaogisTeas

3 жыл бұрын

A photographer I respected (yes, past tense) claimed he's a Socialist on Instagram, and then advertised his Socialist Sessions, meaning they pay whatever seems fair for his work. Clearly he doesn't understand Socialsm nor Capitalism, because that's pure free-market capitalism right there: he's letting the market decide how much his product is worth!

John I love your videos. Keto doing what you're doing.

Most criticism towards capitalism actually applies to CRONY capitalism (for example, when a monopoly is created directly or indirectly by government intervention)

The government, isn’t that a monopoly?

@jamesengland7461

3 жыл бұрын

Worse. Several layers of monopoly, all stacked on our necks :)

@smashedhulk8492

3 жыл бұрын

In a way they are, but in an important way. The use of force is what needs to be separated from human interactions in order to have a market at all. There is no market in force, that would be theft, slavery, rape, etc. In order to have a free market, you must be free from the initiation of force, hence the creation of an institution which puts it's use under lock, only to be directed and used as a matter of reason, which happens through the court process.

@RussellNelson

3 жыл бұрын

@@smashedhulk8492 So markets can supply everything except markets themselves? That's ridiculous.

@RextheRebel

3 жыл бұрын

Yeah, which is supposed to be held accountable by the people. Instead rich Capitalist lobbyists have full control over the policies in this country.

@jamesengland7461

3 жыл бұрын

@@RextheRebel always crying about the capitalists. You're one too, you know.

Public schools definitely need to be "broken up".

@ethicsfirst3388

3 жыл бұрын

Former public teacher, agreed.

I agree with most of what you say, John. But, there is indeed plenty of greed going around. The banks in particular are charging ridiculous fees that would be considered extortion if done by the likes of Al Capone. The latest I've heard is a monthly fee charged to an "Inactive account." What!?

These videos are top notch! Keep it up.

When I was young, I got fed up with "working for the man" so started a small business. I didn't get rich, but did well enough and was happy & lucky to have had the freedom to do so. Problem is, the "instant gratification generation" doesn't have a realistic view of what it takes. Prosperity takes time, effort, sacrifice, diligence and discipline. And money alone isn't wealth.

@monkey-bananas2890

2 жыл бұрын

Instant gratification is bad habit that my generation have in spades 😔

@bradleysmith9431

Жыл бұрын

Exactly! The youngins see their parents wealth and assume that they should start off with the same amount of wealth. Not realizing that their parents have been working for longer than the kid has been alive! Young kids don't want to start off at the bottom and work up, they think they are entitled to a 2 story house with a garage and in ground pool. That stuff comes later IF you work hard enough for it. Instant gratification has screwed a generations expectations of reality.

@dont.ripfuller6587

Жыл бұрын

@@monkey-bananas2890 they got the spades man, send them outside, there's a lot of gardening needs doing, and garden is one of them things you want to get the leg up on, and not wait till you're hungry to start

@tadeassopek1663

Жыл бұрын

speaking my tongue man.

@rampageclover9788

Жыл бұрын

You got rich where it counts....I hope you're still fighting the good fight. Small business owners are invaluable to our society. I don't care if it's a fruit & veg stand or a guy polishing shoes at the airport. Collectively, those entities are a force to be reckoned with. The real foundation of capitalism right there. Not big tech or big pharma. Those guys are the real hoarders - take our hard earned money, ensure people stay addicted to drugs and without a voice. Don't care what side of the political spectrum you land on - you're not immune

Most of today’s Big Tech will go down. They sowed their own fate.

@netfolks

3 жыл бұрын

They come and go over time. You must admit they have leaped us forward with tech. Imagine what a phone is today, all it can do. Amazing. In just a couple of decades I can now chat or text anyone almost anywhere on the globe.

@GamezJP

3 жыл бұрын

@@netfolks not demonizing Big Tech, I just remember how influential Encarta was in the late 90s, early 2000.

@HoldenMcG

3 жыл бұрын

@@GamezJP Interesting point that I'd summarize as 'everything has a life cycle.' I'm curious if these big tech companies are now immune to this cycle due to a set of circumstances not present in those that came earlier: scale; crushing wealth (generated from gathering/controlling/selling personal data & 'services'); lack of competition (through buyouts or 'managed' competition); most importantly the control of information.

@sa3270

3 жыл бұрын

@@netfolks Problem is the phone is more of a monitoring device today than a communication device. And it could potentially be used to control us in the very near future.

@mirzaahmed6589

3 жыл бұрын

@@GamezJP Microsoft is still a big deal. Encarta was a very small part of their business.

The government sanctioned Microsoft for making it nearly impossible to swap to another default browser so that's probably not a good example.

@satanspit4101

3 жыл бұрын

Bingo. Rhe government backed Facebook, Microsoft, Google, and Amazon. Those companies didn't grow naturally. Look at google getting 600 million contracts with the CIA. We have not had true free market capitalism. In along time. In decades.

Bad idea trying to use Microsoft as an example. They DID drive Netscape out of business. And right now, they are in the middle of doing the exact same thing with Edge that got them in trouble with Internet Explorer - integrate it so deeply into the operating system that your computer won't work without it.

Even communism need capitalism to prop up their system.

@jakehansen5719

3 жыл бұрын

Capitalism creates prosperity and allows societies to thrive and grow while socialism and communism are about stagnation and a slow death. Socialism and communism wouldn't have brought us the quality of life we have today and definitely won't bring the quality of life that our descendants 10 generations from now will be enjoying. If communism existed in the times of cave men and cave women we would probably still be living like cave men and cave women.

@erickolb8581

3 жыл бұрын

@@jakehansen5719 ask the next fool of a socialist how many different meals they have in their house. I doubt they'll be able to give you an exact number because we all have more eating options than kings did. Not an exaggeration.

@rustylarry7465

3 жыл бұрын

china is living proof that communism needs capitalism, they took that lesson from russia in the past. disclaimer: im anti-ccp, my comment might just get misinterpreted

@jakehansen5719

3 жыл бұрын

@Nathan Anderson that's the dumbest thing anyone has said. Capitalism doesn't need redistribution to avoid revolution. The inherent nature of capitalism is fair and equitable redistribution of resources based on merit, work and input. It's because of how capitalism works that there is no need for revolution in it and it is only those who want to abuse others who want to revolt against a fair system that they can't abuse or take advantage of others.

@foxinthesnow1917

3 жыл бұрын

Yes. Marx knew this. Socialism won't work until late stage capitalism is achieved and a country has been fully developed. That's the whole point of the "Socialism with Chinese characteristics" that was developed by Deng Xiaoping. Mao was not a Marxist. He was what Marx called a "Utopian Socialist." When he died, the communists in China started using capitalism to fully develop production because they had been a thrid world country and were jumping from Feudalism into socialism which is not possible. Only once China is fully developed can they start implementing socialism as defined by Marx. USSR had the same problem. They tried to jump from Feudalism to Socialism. They did pretty well considering the odds, imo, but not good enough, obviously.

A VCR cost $2,000 40 years ago. And now I'm watching instant videos on a piece of glass from my pocket. That cost $100. Wealth isn't finite. A broke American today is wealthier than our founding fathers when it comes to what matters.

@Mark_Chandler

3 жыл бұрын

fifty years ago, the breadwinner could afford a family and home with one job.

@zg-it

3 жыл бұрын

@@Mark_Chandler yep, soon the only breadwinners will work for the government or be subsidized by the government. The rest of us will be serfs.

@gabrielfraser2109

3 жыл бұрын

What would a hospital visit for a broken arm cost 40 years ago?

@zg-it

3 жыл бұрын

@@gabrielfraser2109 back when you were allowed to pay the doctor without paying three middle men and for someone else's hysterectomy. I'm guessing a couple dollars less.

@mhmhm5337

3 жыл бұрын

@@Mark_Chandler Let people do whatever the hell they want to do. 50 years ago people saw no other alternative than have a stay-at-home mom. Today people have different alternatives. Which is only good. 50 years ago people made compromises so one parent could stay at home. People today still have the choice to make compromises. No one is forcing anyone to work. If you really think the world is forcing u to work ur god damn wrong.

You sir, are a true journalist!!!! PLEASE keep it up

What was overlooked: When so-called 'big-tech' shadow bands or suspends accounts. I agree that the reason, the rich pay less would be the job creation to allow for more workers to pay tax.

These types will claim that we only have a "finite amount of wealth" with one sentence and then promote "modern monetary theory" with the next sentence!

@Aint1S

3 жыл бұрын

I know, that's pretty odd as we print our way into inflation, stagnation, and then devastation.

@fetch2385

3 жыл бұрын

@@Aint1S yep all of which disproves MMT!

I like how John doesn’t care about either party, he just calls out stupidity.

@alexdotdash7731

3 жыл бұрын

We need more people like him

@waltervining7331

3 жыл бұрын

best part about his videoes

@davidm0934

3 жыл бұрын

That’s cuz he’s libertarian. so he’s part of the 3rd party

@davidanalyst671

3 жыл бұрын

Once you start watching for it, you'll see the republicans and democrats playing a game together, slowly driving the country toward bankruptcy and insanity, and then you'll start voting libertarian too. Oh, and BTW, even though all the schools and media donate to democrats, they all are happy driving people insane, and they are happy turning inner cities into what philadelphia and chicago and NYC look like today. Republicans could have changed the schools up when they had the house senate and presidency but they did nothing as well..

@gregoryeverson741

3 жыл бұрын

@@davidanalyst671 Trump was the closet to a Liberal President

I am endlessly fascinated right now with socialism vs capitalism and my man Stossel is on the Frontline fighting the good fight. Great journalism sir!

Thanks mate, this was much needed!

Maybe it’s just me but it seems the loudest critics about people getting rich by stealing other people’s money are either underachievers, academics, or politicians.

@KG-th3cr

3 жыл бұрын

It's called a "smoke screen."

People complaining about capitalism while posting their complaints on Twitter, Facebook, blog posts, KZread, etc…. 🙄

@droe2570

3 жыл бұрын

Yep, and I love it when people want to scream censorship while not being censored, or watching uncensored videos on these and other platforms. Not to say that there is no censorship, but people overstate it constantly.

@kelf114

3 жыл бұрын

@@droe2570 I'd have to disagree with you about the censorship. 23 channels on here I used to watch were censored out of existence in the past 18 months. They had to migrate to other platforms that don't censor, like Bitchute. And they were censored for going against the MSM narrative. Plus, look what happened to Parler. Look at the crap they're trying to do to Gab. Perhaps you yourself haven't experienced it, but don't underestimate what is going on just because they haven't come for you....yet.

@BIGEDDIE61

3 жыл бұрын

And they're doing it on their Apple phones and at Starbucks using the FREE WiFi!

@spec24

3 жыл бұрын

@@kelf114 what are you disagreeing about? Any individual or company has every right to censor ANYTHING they don't like. When did it become people's right not to be censored by anyone but the gov't? That's not to say that it's a good thing. But you yourself point out that they go to other platforms = not censored.

@austinhernandez2716

3 жыл бұрын

You can criticize capitalism... Criticizing it doesn't mean you're completely agaisnt it and want to abolish it or anything... Is that too hard for you to understand?

Fact: A mixed economy IS NOT a capitalist economy. The dramatic shift happened about 100 years ago under FDR, after which the USA's economic growth relative to other countries STOPPED. Poverty is shown to shrink over time under capitalism. The modern corporation acts as an extension of the government aka anti-capitalist.

If capitalism so good then why I’m still broke even though I work almost 80hrs a week?

It’s a bit surreal to see John stossel on KZread. Pretty cool. His content is top notch

@bingusdingus1297

3 жыл бұрын

He lives in this fantasy land where we actually have real capitalism, and not multinational corporations buying our politicians so they can do as they please.

@goldenpeanuts9

3 жыл бұрын

surreal? , interesting

@ThahnG413

3 жыл бұрын

@@bingusdingus1297 Even if what you are saying is abundant, then capitalism is still working, it's making those who work hard richer

@bingusdingus1297

3 жыл бұрын

The richest people in the world don't work hard. They pay some other idiot to do the working.

@vearofo8448

3 жыл бұрын

@@bingusdingus1297 If thats true the world world would be full of billionaires. Props to you for finally figuring out how to be a billionaire.

The financial illiteracy of these TV pundits is astonishing. "There is a finite amount of money..."? If that were true how did the US GDP grow from $211 Million in 1890 to the current $22 Trillion?

@alexandersherman419

3 жыл бұрын

Money printer go brrrrr

@MattsIEDpart2

2 жыл бұрын

$22 trillion and you’s still can’t pay back your debt

Saying no one is holding a gun to your head, forcing you to use the "free" Google, social media, etc is INCREDIBLY myopic and out of place in such an otherwise fantastic video.

People always seem to be thinking in absolutes. Either they portray capitalism or socialism at the very extremes as black and whites. They say they HATE socialism or they say they HATE capitalism. Actually we live in a hybrid Capitalist/Socialist system already, and it's the best system. The socialist side is we have public roads, Police, Fire Departments, Social Security, Military, Libraries, Veterans Administration, Public Housing, Schools, etc. Could you imagine if every time you went down your street you had to pay some corporation that owned that street a toll? Could you imagine your house was on fire and the Fire Department brought a credit card reader to charge you before they would start putting out the fire? Could you imagine that thugs and gangs could ravage you and your family unless you paid protection money to the local police department? Could you imagine your children will never learn how to read or write because you couldn't afford to send them to school? Some of these socialist items we don't even think of as socialist, but they are.

Capitalism: The Unknown Ideal by Ayn Rand is relevant to this topic.

@johngalt6525

3 жыл бұрын

Yes , it definitely is .👍

@freedomwriter1995

3 жыл бұрын

Tech companies like Google, Facebook, Twitter, Instagram, and Amazon control most of the web hosting services on the internet. They use this to eliminate conservative and libertarian leaning websites and social media platforms from their services to silence any political opinions they disagree with.

@dickfacepeterson

3 жыл бұрын

@@freedomwriter1995 maybe the gov should stop giving them billions of dollars

@Kidsinamerica

3 жыл бұрын

@@freedomwriter1995 I don't hear the Federalist or Breitbart or The Daily Caller or Fox News champion any 'opinions they disagree with'....you live in an information-bubble as it is. You 'might' have some credibility if you ever actually practiced what you preached.

@freedomwriter1995

3 жыл бұрын

@@Kidsinamerica I do practice what I preach. I'm just inundated with left leaning political opinions on the tv and internet so much that I get tired of it after awhile. And the few like John Stossel, and the like, get their videos throttled (meaning that KZread prevents me from getting a notification when a new video from their channel comes out) or get booted off the platform for violating their ever changing terms of use and other policies (which are changed on purpose to ensure the conservative and libertarian voices are silenced while leftists are allowed to say and do whatever they want in violation of these policies and not be punished or kicked off).

I've never met a liberal that understands capitalism.

@leviackerman-nq9vk

3 жыл бұрын

Milton Friedman always referred himself as a liberal 😐

@droe2570

3 жыл бұрын

Or economics in general.

@table1552

3 жыл бұрын

i've never met a right winger that understands capitalism or socialism

@droe2570

3 жыл бұрын

@@table1552 Certainly there are "right wingers" who don't understand them, but if you have never met any who do, and there are plenty who do, then you have met very few or it is you who don't understand them. Furthermore, it's amusing when someone says "I never met someone who X..." as if that means anything whatsoever. When someone says that, I can tell said person is probably amazingly ignorant, or is simply trolling. Either way, we can generally ignore those types.

@table1552

3 жыл бұрын

@@droe2570 ok, can you tell me what capitalism or socialism is?

"Rich dad poor dad" book opend my eyes, and taught me how tp deal with money. Thank God i've read that book as a teen, but i recommend for everybody no matter how old are you to read that book.

@ScottyKirk1

Жыл бұрын

Actually bought that book for my 2 sons! Good call.

John needs to re-do this after the government forced all non-monopolies to close during covid.

"It is a marxist myth that you get rich at the expense of the poor, if they're poor how did you get the money from them to begin with." - Leonard Peikoff

@MontyB97

3 жыл бұрын

You don’t take their money but their workforce.

@JohnSmith-wx9wj

3 жыл бұрын

But labor is worthless without a capital investment.

@Burger_pants

3 жыл бұрын

@@JohnSmith-wx9wj they don't care if the profits they make come from food stamps or unemployment checks. The bubble WILL burst eventually.

@NVArt001

3 жыл бұрын

@@MontyB97 Is anyone forcing them to remain poor? NO. Is anyone putting a gun to their heads and forcing them to work? NO. I learned a skill when I was 14, worked at that for over 30 years until I got hurt on the job and had to retrain in another profession and I am making almost as much money with no physical labor involved in the new profession. It isn't rocket surgery, just perseverance. If you don't want to work, don't. With all the resources available today for free or very little cost, you can educate yourself on any number of subjects to improve your life.

@RextheRebel

3 жыл бұрын

That doesn't even make any sense... They pay the bare minimum to their employees on purpose to maximize profits. And it's also one of the contradictory aspects of Capitalism. Eventually work will be automated even more so and less people will have money to spend on the products being made by those machines.

wow youtube notified me.

@bbqboi182

3 жыл бұрын

Me too

Rich people do not take money by force. Only the Government can do that.

Leonard Cohen buys into the myth. Lyrics: Everybody knows that the dice are loaded Everybody rolls with their fingers crossed Everybody knows the war is over Everybody knows the good guys lost Everybody knows the fight was fixed *The poor stay poor, the rich get rich* That's how it goes Everybody knows

@DeusExMachina50

Жыл бұрын

From a guy who got rich by selling his albums to a free market.

@ReasonableForseeability

Жыл бұрын

@@DeusExMachina50 "Ad hominem" attack? Distinguish the art from the artist. Besides, what's wrong with being rich?

John Stossel should do a video on how Socialism/Communism is guilty of everything socialists/communists blame the Free Market/capitalism for.

@waltervining7331

3 жыл бұрын

the internet would implode if that happened

@JessyJess04

3 жыл бұрын

1) Socialism and communism aren’t the same 2) Almost no country is completely capitalist that would mean that the country operates almost completely without government intervention, and our government definitely likes to intervene and despite people’s bellyaching we apparently want the government’s intervention. 3) As Stossel notes capitalism is definitely the superior system for continued economic growth but again we have no problem with our government sprinkling in bits of socialist thought; few complain about public schools or parks.

A rising tide lifts all boats. Trickle-down economics is real. Socialism seeks to tear down the rich and the "privileged." Capitalism offers equal opportunity to all to become rich, and offers way more opportunities to everyone as a result of some people's oversized ambition.

Saying the rich make people poor because there is a finite amount of money, is like saying economics is just the study of money.

finnaly someone sayng the truth in english language. A man works hard in a mine and gets some gold. He don't spend much of it and eventualy saves a lot of money. Buys a boat when almost no one had one. Keeps working and selling stuff in diferent contries, helping people on both sides of the seas in free trades. Eventualy he dies, his son keeps the work and expand, buys more ships and keep investing. His grandson wins all that and is a bilionaire. Question: after helping thousands of people from who did he take the money?

Dear Mr. Stossel your videos are a source of reason and show a perspective wich my country’s intellectuals are missing. Thank you and Greetings from Germany.

The Billionaires got to keep their store open during lockdown but I had to close mine? The problem is they buy the government.

@nonmagicmike723

3 жыл бұрын

Depends which government. Red-state governments have been much less stringent around lockdowns than blue-state governments.

The problem with big tech is that they take advantage on a law that says they’re platforms but then act like editors

These videos should be required in every classroom in America. Great information, whether you agree or not.

Greed: When the competent make money. Economic justice: When that money is stolen and given (at least _part_ of it) to the incompetent.

@geraldclough2870

3 жыл бұрын

You are describing the democrat party.

@sethdickey6513

3 жыл бұрын

@@geraldclough2870 I think hes describing government in general

@RextheRebel

3 жыл бұрын

Competent? Who determines that? Certainly not you or I. We'll never know who is and isn't competent because most people aren't able to invest in themselves and produce what they would like. Instead they are owned by these large companies that control almost everything. That's not competency, thats control.

@johnkoenig326

3 жыл бұрын

@@RextheRebel Spoken like a true incompetent.

@johnkoenig326

3 жыл бұрын

@Tony tones Those who can, _do._ Those who can't, _whine:_ "It's not fair!" "They must've cheated!" "Those grapes were probably sour anyway!" "It's somebody else's fault!"

_"The general population doesn't know what's happening, and it doesn't even know that it doesn't know."_ - Noam Chomsky

@Barskor1

3 жыл бұрын

If you don't read the newspaper you are uninformed if you do read the newspaper you are misinformed. Mark Twain.

@NoddinOff.

3 жыл бұрын

Chomsky is a commie

@iwontreplybacklol7481

3 жыл бұрын

@@Barskor1 really just best to throw your hands up, its really all up to the gods anyways. No man has ever brought himself riches, there are "coincidences" completely out of control that align for those at the top. The greatest lie ever told is that if you arent "making it" you arent working hard enough.

@Barskor1

3 жыл бұрын

@@iwontreplybacklol7481 LOL! Ok you do nothing all day and see what you get at the end of it.

@awesomedavid2012

3 жыл бұрын

@@NoddinOff. still makes a good quote

While I do mostly agree with this take, I do think it’s rather naive to give corporations a free pass. Shitty business practices do in fact hurt the consumer for the duration that these companies are able to be propped up and maintain market dominance.

1:56 - The irony of a billionaire saying "No one deserves to have that much money". So, will he be donating his billions to the poor? NOPE.

They are targeting capitalism when they should be targeting corporatism

@TheCompleteGuitarist

3 жыл бұрын

Corporatism is socialism in disguise.

@Blueshirt38

3 жыл бұрын

Exactly. When the mid-size, 300 employee company I work for got bought out by a ten billion dollar corporation with 30k employees, we all knew it would spell the end. It has been a steady decline ever since. All of the things we loved about working for a family company that was still owned under the same family name has mostly vanished. We have been brought down to the lowest common denominator, our pay has stagnated, benefits have been slashed, we were told that the things we did that made us successful aren't how the new corporation does things, and we are punished for what someone does 10 states away. You know you have a problem when 4 of the 23 branch managers (some of which had been with the company 15+ years) all quit at the same time.

@Foolish188

3 жыл бұрын

I prefer to call it Crony Capitalism.

@Foolish188

3 жыл бұрын

@@Blueshirt38 Terrible! Why don't you and those managers set up a new business competing with the old. It has been done successfully many, many times.

@jett7499

3 жыл бұрын

Should be targeting: "Corporate Monopolies." Demos. wake up.

Would be nice if you made a video showing that the only reason WHY we have these super powerful, influencial corporations is BECAUSE of government

Here's the problem with this video. Twenty years ago, the job I'm doing paid only slightly less money than it does now, but my rent has more than tripled. Gas has at least doubled. Everything has vastly increased in cost, but the rate they pay workers hasn't. And it's mostly just greed. So yeah, billionaires help the economy. But they're doing it on the backs of others. If they made a little less and paid a little more, both parties would win. Course, you don't hear Stossel mention that.

John Stossel, one of the few journalists left.

This man has taught me well more about capitalism than any other person.

@jomunoz

3 жыл бұрын

If you liked this, you need to watch the 'Free to choose' series from Milton Friedman. It will blow your mind.

@chrisbuckley1785

3 жыл бұрын

Stossels the man.

@KL-no4gu

3 жыл бұрын

In case you aren't already familiar with him, I'd HIGHLY recommend that you look up Yaron Brook.

@Zorooooooooooooooooooooooooooo

3 жыл бұрын

That's sad, because capitalism is a cancer.

@danielsurvivor1372

3 жыл бұрын

Technically he was talking more about semi free market benefits. Still good video but I recommend not use the Capitalism word since it triggers Democrats and Leftists, instead talk about benefits if free market and how we don't have truly free market, sometimes we don't even have semi free markets and when they do those markets are the best

Honest question, “we make 30% more than 30 years ago” what about inflation? Doesn’t that mean we aren’t earning more now?

@matiaspan4871

3 жыл бұрын

Hi trazer the chart at 3:57 says "inflation-adjusted" so they took that into consideration.

@Zorooooooooooooooooooooooooooo

3 жыл бұрын

Stossel is full of shit or he incorporated middle upper class incomes in that chart. Household income for 70% Americans who make under 100k a year has stayed the same for 50 years.

@geraldclough2870

3 жыл бұрын

@@Zorooooooooooooooooooooooooooo Bull. You are on the internet. Nuff-said

@pralbertjohnson149

2 жыл бұрын

Yep shush.

@jacobengland1350

2 жыл бұрын

@@matiaspan4871 Inflation is not the same as purchasing power.

While I'm not pointing the finger at capitalism but the government, I've heard arguments that the wage gap between middle and upper class has been widening due to wage stagnation, inflation and most recently, the lockdown which affected small and medium businesses more than big companies like Walmart and Amazon. Wage stagnation could be due to ever increasing regulations placed on businesses the most recent being ESG(environmental, social and governance) which will start placing even more burden on companies to comply. An unregulated border and shipping jobs overseas also contributes to wage stagnation. Meanwhile, because of more competition in a "world market" the employers do not have to pay as much so yes, their profit goes up. Inflation is called the hidden tax and many don't take into account the ever increasing money supply because government has a spending habit to support. The end result is more dollars in the market yet the supply of goods and services has not increased. It is even worse now that the government is paying people to stay home. Big companies are able to borrow near 0% to purchase real assets yet by the time any extra money has trickled down to the average American, those assets are now inflated putting them further and further out of range for us. Large companies and billionaires also get to take advantage of something called the Cantillon effect, where the closer they are to the source of money printing the larger the benefit but by the time that extra money printing makes it way to the average joe, they do not get the same benefit because it had to pass through multiple institutions. With the lockdown, we now have the government picking winners and losers. Amazon, Google, Apple, etc all reported nearly $500 billion extra profits halfway through the [so-called] pandemic and it is now closer to $1 trillion. With so many businesses closed, of course that money was going to go somewhere. While I agree with the arguments presented about capitalism, that wage gap part is severely being curtailed by the intervention of government and I wished Stossel had addressed that. I get most of my info from people like George Gammon, Mike Maloney, Peter Schiff, etc. I would like to take this series and see Stossel interview one of these people, especially about the purchasing power of your average American that is depreciating year by year(imo). Technology and innovation can only offset this so much.

When every criminal has a smart phone you know we have lost the fight. Oh, they already do... Go Figure.