Privatisation: Privatisation vs Nationalisation—Shaun Debunked

Privatisation is something which is grossly misunderstood, one YouTuber called @Shaun made a video on How privatisation fails, so I decided to do this video response on privatisation vs nationalisation to tackle many of the erroneous claims made in his argument.

A brief summary of my argument it is suffice to say that there is a colossal difference between capitalism and corporatism, true private ownership and faux private ownership and I have illustrated in several historical examples to back my case. You will always find that those who make such erroneous claims, are the same people peddling myths about capitalism, one of the most common myths is the claim that if you deregulate the economy, all hell will break loose and we'll all die.

I have long argued that Keynesian logic is every bit as deeply flawed as that of Marxism itself. I have explained why socialism doesn't work numerous times on things like the economic calculation problem, you can check those out here:

• profits and losses: https://www.youtube.com/watch?v=mVbbFVKWdhI
• variety of options: https://www.youtube.com/watch?v=bFoqXD_o6Wc
• ECP (extended): https://www.youtube.com/watch?v=Zjzofn0qzQ4

Conservatives for Liberty: Forget nationalisation; the railway needs full privatisation:
http://con4lib.com/forget-nationalisation-the-railway-needs-full-privatisation/

A number of the other arguments I addressed regarding the inefficiency when it comes to comparing privatisation vs nationalisation on regulation and governments incompetency over how it spends your own money.