Why Every Country Ends up Capitalist

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Published 2024-02-01
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Capitalism is the system that has helped the world become infinitely more wealthy than it has ever been in human history, but there are problems. A disregard for the drawbacks of production like waste, pollution and inequality are often cited by people who want capitalism to be replaced by social democracy, communism or even anarchy. But even communist countries like the USSR and China have reluctantly returned to capitalism. So, is capitalism inevitable?

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All Comments (21)
  • @uss_04
    There’s a trope that goes “It’s easier to imagine the end of the world than to imagine the end of capitalism”
  • @mondodimotori
    People tend to forget pollution was a big issue even in non capitalist nations. It's a byproduct of industrialization, no matter the economic system in place.
  • People tend to oversimplify complex issues to the confrontation between socialism and capitalism
  • @andyjblosser
    Thank you for mentioning Georgism. When I describe my economic views people often call me a Marxist, and when I explain, "No, I follow Georgism" they look at me as if I invented a new word off the top of my head. Somehow Henry George has been almost completely forgotten.
  • @raymondwood2444
    I'd love a video explaining the pros and cons of a land value tax and how it might work if implemented
  • @Ithirahad
    Human rights can (and will!) erode under any economic system if the power dynamics go wrong. My biggest third concern is not so much the erosion of 'hard' human rights like freedom from unnecessary cruelty, freedom of movement, the right to privacy or the right to informed choice, but more the erosion of the human experience in general. While prosperity has technically continued to increase, some really questionable lifestyle consequences have emerged from commodifying people's attention and every last second of their time in general.
  • @RagaarAshnod
    Should do a series like this for all of the major economic systems. Let's look at communism, socialism, and anarchy; now that we have capitalism.
  • @benjaminbate2097
    I for one would love to see a video on Georgism. Land Value Taxes have some very interesting properties, and seem to perhaps address some of the excesses of capitalism you mention here. As you say, making land taxes the only tax (as Henry suggests), is unlikely to be a solution. But as someone who lives in a big city on a small island, I can see everyday how land taxes might encourage more constructive investment and improve local communities.
  • @evilpanky
    YOU MENTIONED GEORGISM! EXCITEMENT! THANK YOU! Please, make a dedicated video on it! LVT+CD & Pigouvian taxes really ought to be in the public discourse!
  • @chja00
    A full video on Georgism is a great idea! Such an important concept with so little good content for the uninitiated.
  • @analogbunny
    When I lived in Hong Kong I quickly realized that the Chinese are probably the world's biggest capitalists. They practically live by the Ferengi Rules of Acquisition. Never mind the reigning political party or the official line on their governance model. Maybe it's something to do with massive cultural impact of Confucianism, but there's a core intrinsic understanding of value and exchange and whether something is worth your time or not. Federal level governance and how people make decisions in their own lives really can go in separate directions.
  • @tthien93
    It's just weird that the dichotomy between capitalism and socialism so often boils down to free market vs full-on government control of the economy. Is it so hard to imagine a market where companies operate through collective ownership of capital and profits rather than having a single person/family own the entire means of production? Coops are a great example of how this principle can be applied within a free market system without any domineering overreach from government.