A Future Beyond Capitalism: Debunking Second Thought Part 4

Much of what Second Thought argues in his video on A Future Beyond Capitalism is pretty much utopian. I didn't go into too much detail, but the idea that scarcity is just artificial and that everyone's needs and wants can be met is simply utopian. He doesn't even stop to think about the variety of different kinds of food, just like housing. He thinks that it is all one.

This is the fundamental fault of the socialist mentality, he doesn't question how much needs to be produced of each and every single option, rather, food is simply viewed as one thing, like as if it's just a case that you can take whatever food it is and mass produce it without consequence. The ignorance to talk about the waste created by companies, yet he concedes that they are being made to shows his failure to acknowledge that government is the problem, not the fault of companies.

As I've argued before, if resources were infinite, there would be no requirement for the study of economics as there would be no need for economising such resources. The whole reason for why we need to 'economise' is because resources are not infinite and there are alternative uses for such resources, it's why we need to work out how much of it we use and where we allocate it.

Another problem I didn't go into as I've done so before, even if you produce, he thinks people are just one group, he doesn't stop to think about individual preference, like as if we all like the same stuff and production should just be made for the collective.

Again, his utopian worldview that socialism will bring about this fantasy world of prodiving employment for everyone, that healthcare, education, etc will all be free and costs of living would be more affordable is simply laughable, he doesn't stop to think about how all of that is paid for.

This is exactly what we mean about the unintended consequences of socialists with their "good intentions." He doesn't comprehend the fact that his intentions are meaningless in the face of socialism put into practice. Therefore, he can't complain about the costs of goods and services meanwhile wanting to pay out wages as his own idea requires running the printing press in the absence of the private sector. The sad thing is, the reflection of how many likes his original video got is a sad reflection of society today; most people just do not get economics.