A Future Beyond Capitalism: Debunking Second Thought Part 1

A future beyond capitalism is an oxymoron given the fact we live under a strongly mixed based economy. In this video debunking Second Thought I reiterate the point that his entire worldview is based around theory. It's all well speaking about this utopian world he speaks of and how socialism will solve his problems, but because he doesn't understand basic economics, he doesn't understand the disastrous consequences that follow his actions.

It must be stated that Second Thought really doesn't understand the theory of Marxism himself and the news clips he tried to critique were actually right in what they stated regarding socialism. As I explained in a previous video on why socialism fails, there are a variety of consequences socialists are faced with in their goal. Just because you INTEND for something to be a certain given way doesn't mean to say it turns out that way in practice.

I left out information regarding capitalism in practice because I didn't wish to go too much into detail as it would extend the length of this video. Capitalism works in practice. We can see problems in the economy throughout history, especially of the 19th century didn't stem because the market was free, but because of interference in the market by government.

If anyone tries claiming that capitalism as how I describe it is utopian, the difference is, capitalism can exist and can work successfully, it's not unrealistic to believe in the market freely regulating interest rates or prices, the same cannot be said for socialism. Socialism is disastrous in practice and is completely irrational theoretically.