Name: What Is Capitalism?
Uploaded: 2020-07-24T14:00:11+00:00
Duration: 26 min 36 s
Description: A frustrating thing about the current discussion is how socialists, communists, and other statists keep insisting on misusing the term "capitalism," taking corporatist or even fascist policies and lum

5 years ago

A frustrating thing about the current discussion is how socialists, communists, and other statists keep insisting on misusing the term "capitalism," taking corporatist or even fascist policies and lumping them under capitalism--and then accusing US of using the term incorrectly!

So I look at how mainstream economists define the term. As usual, the socialists and other statists are WRONG. Big shock, I know.

0:00 - Intro
2:11 - Definition of Capitalism https://www.investopedia.com/terms/c/capitalism.asp
5:15 - Capitalism is both profit AND loss
9:13 - Is capitalism feudalism?
12:23 - The Industrial Revolution
14:20 - Effects of Industrial Capitalism
18:18 - Capitalism vs. Socialism
20:24 - Mixed Economic System
22:01 - What Role Does the Government Play in Capitalism? https://www.investopedia.com/ask/answers/040615/what-role-does-government-play-capitalism.asp