HISTORY OF IDEAS – Capitalism


Today, pretty much every economy in the world is organized along capitalist lines but at the same time, capitalism is almost everywhere regarded with disappointment, frustration and suspicion. Interestingly, none of the criticisms are
new. They’ve been dogging capitalism since its inception. So let’s look back
in time to figure out how capitalism got its bad
name and what might be done to improve it. Padua, Italy, 1304. 0n the wall of a church in Padua
near Venice, the painter Giotto makes a fresco: Jesus and the Money Lenders. It restates for
his own times an idea that had by then already been
well established for centuries in the West: the notion that a good spiritual life
and the pursuit of business and money are sworn enemies. Jesus
goes to the temple in Jerusalem, sees merchants and small-time bankers
crowding the forecourt and gets furious. This sacred place is not a fitting arena
for the polluting activities of buying and selling. The Christian
attack on the immorality of money is deeply influential and severely holds
back the development of capitalism for centuries. Venice, 1450. A Franciscan friar, Luca Pacioli,
publishes the first ever book on accounting: Summa de arithmetica. It’s the single
most important capitalist invention until the birth of the joint stock
company and the modern factory. In the book Pacioli introduces the
principle of double-entry bookkeeping which gradually become standard practice
in all companies. Pacioli’s textbook proposes that
dealing well with money doesn’t depend on faith anymore. Money
isn’t a divine punishment or reward; it’s a kind of science that can be learnt
through patience, reason and hard work. Geneva, 1555. In powerful sermons to his
congregations in Geneva, the Protestant theologian John Calvin
emphasizes to his Swiss audiences the importance of what have
become known as the Protestant virtues: hard work, self-denial, patience, honesty and duty. These will turn out to
be extremely useful qualities for capitalism. Calvin along with many
other preachers who share his outlook explains that you must never
indulge yourself not spend money having a lavish life. You must simply put any surplus income
back into your business as an investment. Calvin adds that
being good at business is far more pleasing in the sight of God
than being an aristocratic warrior or even a monk. Perhaps more than
technology, it’s this new mindset that will
accelerate the progress of capitalism. 1670, Delft, Dutch Republic. The newly
independent Dutch Republic is the world’s first explicitly capitalist nation where
lazy aristocrats are looked down upon and hard-working
merchants revered. In the churches, Protestant sermons about
thrift and hard work are heard. In the arts outgo glorifications of
kings and queens. Johannes Vermeer finishes painting
The Lacemaker, a depiction of the intricate careful and
homely tasks of manufacturing lace. In his painting The Little Street, the suggestion is that living peacefully
and quietly in your own home running a business is far more glamorous
and noble than fighting in a war or going to a
monastery. 1776. 141, the Strand, London. These are the offices and shops of Strain & Cable, publishers who have a big success with a new book:
an inquiry into the nature and causes of The Wealth of Nations written by a Scottish philosopher called
Adam Smith. Smith demystifies wealth creation by
explaining how capitalist economies grow. He reaches several important conclusions.
Slavery is remarkably inefficient. Violence is
less of an incentive than money for a worker and the cost of buying and
maintaining slaves far exceeds the cost of wages. Capitalists
will make far more money by treating their workers legally and
humanely. It’s by specializing that economies grow,
says Smith. Smith focuses on the pin making industry
and concludes that while one worker could make up to 20 pins
a day, a team of 10 workers well arranged could make not 200 but 48,000 pins, thanks to what Smith terms the Division
of Labour. Smith also tells us that capitalism is
guided by an invisible hand. By maximizing one’s own profit,
individuals inadvertently benefit society providing
goods that people want and need. As Smith puts it: “It is not from the
benevolence of the butcher, the brewer, or the baker that we expect our dinner,
but from their regard to their own self-interest.” These ideas
further remove the moral suspicion that once surrounds capitalism. But not all
will be won over. 1854, London. The British economy is now the largest in the world thanks
to its enormous industries of cotton, shipbuilding, steel and coal. Vast cities
have chewed up the countryside of the Midlands and northern England.
Merchants and the newly rich capitalist class have triumphed. But many are furious.
Charles Dickens, one of Victoria England’s most passionate
critics of unrestrained capitalism publishes a novel: Hard Times. Set in the
fictional town of Coketown, a version of Manchester, it takes aim at
heartless capitalists like Mr. Gradgrind who abuse their
workers, exploit young children in mines and chimneys and use their relentless capitalist
logic to blind them to their desecration of nature and human life. Here is Dickens’ writing on Coketown: “It
was a town of red brick, or a brick that would have been red if the smoke and ashes had allowed it;
but as matters stood it was a town of unnatural red and
black like the painted face of a savage.” Dickens argues that capitalism is evil
because it encourages appalling conditions for the producers. Under the sway of capitalist logic
otherwise quite nice people will keep coming up with reasons why it’s okay to employ a child in a factory or to let poor people
starve once they’ve reached the end of their working lives. 1860, London. The English reformer John
Ruskin publishes Unto This Last, a furious
track against capitalism that takes aim not so much at the
production side of capitalism as the area of consumption. Like Dickens Ruskin is incensed that people are being
exploited and the environment ruined. But he asks a
further question: In the name of what? Ruskin notes that
large capitalist fortunes are built up on selling people absurd
things: knick-knacks, fancy plates, embroidered napkins, bonnets carved sideboards. The whole of the
suffering of the cotton factories of Manchester are being fed by our appetite for very cheap
shirts with delicate collards. We are ruining our lives for trinkets,
whereas for Ruskin money shouldn’t only be made morally, it
should be spent morally on the truly noble and beautiful things
that humans need. He contrast the beauty of Venice with
the ugliness of modern Britain to make his point. Berlin, 1963. The leader of communist East Germany,
Walter Ulbricht launches an ambitious new scheme: the
Neues Ökonomische System or NÖS. It aimes to solve for East Germans the two major failings of capitalism in his
eyes. One: It will guarantee workers good
conditions with a huge expansion in the number of state schools, housing blocks and holiday
camps. And secondly: It will focus not on the fripperies of
capitalist production like blue jeans and pop music; it will
give people the works of Plato and Marx and uplifting television programs about
track to production. 1976, Dresden, East Germany. The fatal flaws of communism come to a
head in January with a massive riot about the unavailability of coffee.
East Germans love drinking coffee but a huge rise in global prices means
that the German Democratic Republic can no longer afford to import it in the
necessary quantities. The Politburo decides to remove all coffee
from shops and replaces it with “mich Kaffee”, mix coffee which is 51 percent coffee and 49
percent a range of fillers including chicory, rye and sugar beet.
Dissatisfaction with this eventually has to be quelled with the
use the Stasi or secret police. It’s an inadvertent tribute to capitalism
which is especially good at providing us with life’s little luxuries.
Edeka hypermarket near Hamburg, November, 1989. East Germans who have
recently breached the wall head straight for West German
supermarkets like Edeka near Hamburg. They marvel at the productive capacities
of capitalism and the ability that it has to provide such
modest but very important things as olive oil, party hats, ice spuns and coffee.
The old East German elite who had believed that the people could be
satisfied with philosophy, athletics, sauerkraut and TV programs
about farming are hounded out of office. 1999, Seattle, USA. The World Trade Organization, a capitalist body dedicated to removing
protection from industry and liberalizing markets gets together
for its next round of talks, 10 years since the fall of communism and
after a decade of unprecedented economic growth. But though
the mood of politicians is upbeat, out in the streets hundreds of
thousands of anti-capitalist protesters have gathered to call an end to the
iniquities of global capitalism. The complaints are strikingly similar to
those made by Jesus Christ. Capitalism doesn’t look
after the producers and capitalism downgrades the important
spiritual ends of life for the sake hamburgers,
unsustainably cheap clothes and garish distracting mass media. With
their beards and guard figures many of the protesters look a little
like Renaissance’s renditions of Jesus. The police take a very heavy hand, fired
tear gas into the crowds, arrest 2000 and call in the National
Guard. The protest remind the world that besides the winners of capitalism
there is an enormous army of the disenfranchised and the angry
who see more sense in Jesus, Dickens and Ruskin than in Adam Smith and Bill Clinton. 2015, Cupertino, California. Apple Computers officially becomes the largest
corporation in the world. It’s a giant success story. But the very same challenges remain. It
turns out that Apple are indirectly responsible for the suffering
and abusive of workers in the supply chain in China by the Foxconn corporation and with the
launch of the Apple watch, a gadget that seems to have no
particularly urgent purpose, questions are once again raised about
why we are exhausting ourselves and the planet for ends that are so out of proportion
with the costs they impose on all of us. To generalize: Capitalism is
amazingly productive but it has two big flaws. Firstly, it
systematically inclines to ignore the sufferings of workers unless regularly prodded not to. And the
wealth of companies is often built up on satisfying what are not the essential needs of human
beings. Fortunes are made on making unhealthy food or bad
television programs. The challenge for the future is how we might
be able to make money humanely by treating people and the earth well and
also make money through activities which
address the more noble end of human needs. Till then, the rage
of Jesus in the temple will periodically always go on.

100 Replies to “HISTORY OF IDEAS – Capitalism”

  1. One thing is definitely for shure
    You guys know nothing about Jesus rather do you know Him personally.
    So let me tell you
    Jesus was no communist

  2. Under capitalism, you have a choice to eat the fatty cheeseburger.

    Under communism, socialism, feudalism, and monarchism, the elites choose what is available and to whom.

    This videos critiques of capitalism are actually disguised critiques against unhealthy cultures. If you want people to stop eating fatty foods and consuming things that kill the planet, then you need to change the culture, not capitalism.

  3. I'm guessing
    The Christian outrage over the money changes in the church was. there activities they we're in gagging in was inappropriate. considering the church identify ably was a place of worship. I'm guessing
    if mutual respect was exercised right okay then.

  4. The rage of Jesus in the temple will go on as long as "Jesus" thinks he'll gain something from it. Not for any other reason.

  5. Capitalism means free trade between people. It also means you have the rights to own stuff and buy things you want. Thats it, thats the magic. Now delete the video.

  6. North vs South Korea is the new East vs West Germany. Also, many people in the middle ages hated Jews because they thought of Jews as greedy businessmen and tax collectors even though the government wasn’t allowing them to have land and forcing them to deal with money, which they thought was evil. The nazis also believed that the Jews were greedy capitalists and the USA and Great Britain were plutocratic societies that were run by Jews and Great Britain took the initiative to fight Hitler even before they knew of the holocaust and Joseph Stalin and the USSR didn’t fight Germany until Hitler attacked them and even helped Hitler invade Poland at first and didn’t want to help the western imperalists (the USA and Great Britain) even though the nazis were pure evil. Capitalism is the best economic system for Jews to thrive and not be systematically oppressed. This is why many Jews were refused jobs in the USSR because of their race, many Jews left Venezuela and Cuba after the Communists took over, and North Korea supports antisemitic terrorists such as Hezbollah and Hamas. Whereas capitalist nations are very Jew-friendly and therefore successful such as the USA, which has the second largest Jewish poplulation, South Korea where the Talmud is a bestseller and there is a very pro-Jewish attitude, and Israel which is a capitalist nation filled with Jews and started with very resource poor areas and being surrounded by enemies and went to being an economic and technological powerhouse. One of the biggest reasons why capitalism succeeds is because it allows different peoples to play the game fairly and doesn’t and shouldn’t allow one group of people to become jealous of another group succeeding and rise to government power and try to exterminate the successful group.

  7. Technically, capitalism only provides what people are buying, so blaming capitalism on these problems is like blaming a match for a housefire.

  8. It's the type of money we use that's the problem. A cost on money is stupid. This doesn't take away from free markets.

    https://medium.com/@buxb
    http://wiki.p2pfoundation.net/BUXB

  9. I do like the video but I must point something out to you concerning Jesus putting out the merchants in the Temple in Jerusalem. It wasn't because he had anything against buying and selling but the place where this was been done. The Temple was to be a house of prayer not a market place for selling and buying things. That is the reason why he drove them out. Thanks!

  10. Well this video is an epic failure and I would say something but 2 people already did a good job destroying you and explaining why you're wrong.

  11. Humans will never change. Certain laws always will be true, we will always want freedom, we will always value our family's well being over the state, we will always want rewards for an investment (whether time or money). Capitalism is the ONLY system that allows humans to act in their own personal interest yet society as a whole grows.

  12. Money, government, religion, the "trinity" of control that denies and throttles human advancement. The same thing that happened 500 years ago, or 250 years ago, or 50 years ago happens today.

  13. You made a grave mistake involving Jesus Christ. He was not pro-comunism nor anti-capitalism. It is not to state the opposite either. He was just angry that the house of prayer was used as a common market. If he was against capitalism then every town that had a market which he entered would have felt his wrath and not miracles

  14. Capitalism is a bit of a snake pit.
    But of course snakes are not immoral or out to profit at any cost,
    so this is an unfair and stigmatizing comparison for reptiles…

    Reptilian theme in Vigelandsparken Park, Oslo Norway
    https://www.youtube.com/watch?v=E4jaUe4TCzU

  15. This channel has an obvious personal agenda, especially if u take a look at his one on Carl marx, captilism gave us everything, communism gave us 2 great wars.

  16. This completely misses the point that the west was under the influence of Plato in the dark ages, and as soon as Aristotle started being taught, the enlightenment happened. It’s all about philosophy.

  17. you treat communism hardly comrade . The truth is communism is not a bad system if you watch closely how the USSR transformed from an agricultural illiterate nation to a superpower reaching the starts in just 50 years. even after multiple civil wars and world wars and famine and droughts . this is interesting to study , that communism if nurtured and performed correctly huge economic growth can be attained while literally all people receive their rights just as the soviets achieved . free education , free housing , good working conditions. on the other hand you have opposite views that communism doesnt work rather we need to reform capitalism. but that is what u got wrong , capitalism fuels on greed and exploitation . a centrist approach would never tackle the issue . radical leftist movement is the way to overthrow this system. Salute to all the Comrades out there .

  18. And yet, largely due to capitalism we are wealthier, healthier and better educated than at any time in the history of humanity.

  19. This “challenge” which you end the video with seems a bit obfuscating. I understand “the history of capitalism” in an 11 minute video is going to have to nitpick here and there. But to paint its critics as Dickenses and Jesuses is to show misery without solution. And there have been quite a few persons in modern history to offer coherent solutions.

    I suppose, for a video that wishes to succinctly and (as much as a video like this can) objectively explain what exactly capitalism is, I think you’ve done a rather good job. But to talk about the coffee shortages in East Germany and not the quality of life of East Germans (or Cubans, mainland Chinese, Chileans, etc), you seem to quite deliberately paint the false equivalency of our fancy capitalistic gizmos to a secure and unexploited life

  20. Capitalism is not about money, it’s about serving others. We just so happen to be rewarded for it.

  21. Jesus spoke about using your money to make more money and if you didn’t that would be considered sin. If you look at Mathews 25. Like you said it’s not enough to make money morally, we also have to spend morally as well. If we did that the world would be a better place because bad things would go out of business. Socialism is the definition of playing god because all the power is left to one or few people. That’s playing god. Also the Bible say “faith without works is dead.” In a socialist society, work is not dictated by the individual’s personal beliefs or desires, it’s dictated by a person in power or not at all.

    #BigFail

  22. Capitalism works best with a small and growing economy. But humans are inherently selfish creatures (evolving on a planet w/ limitless wants but finite resources will do that to you!) As capitalist economies mature, money begins to really accumulate in the hands of small minority – like current situation in the US, where the Top 10% own 84% of stocks, or the Walton family who earns $1 million in interest every 15 minutes.

    So there need to be plenty of safeguards to prevent extreme wealth accumulation and provide minimum standards of living. Predictably, the rich oppose these safeguards.. and in late stage capitalism even fight against welfare for basics like food and medical care, by calling them "socialism"..

    Ironically, these measures are in their OWN best interest (the alternative when inequality reaches these levels in the past has been revolution)

  23. Jesus did not oppose capitalisn😂😂 just because he didn't want the church to be a market doesn't mean he doesn't want markets period.

  24. What jesus didnt get mad at people who were buy and selling he got mad at people who were gambling in sacred temples. The bible never says that having wealth is bad in fact it encourages having wealth. The bible encourages that having wealth can let you do great things. It says dont let wealth become your primary goal or the love of money is the root of all evil. Gaining wealth is not evil or bad. Capitalism is a great system that works, but it does need to be balanced and check.

  25. Those who defend capitalism are drunk.

    “For all the nations have drunk the maddening wine of her adulteries. The kings of the earth committed adultery with her, and the merchants of the earth grew rich from her excessive luxuries.” Then I heard another voice from heaven say: “ ‘Come out of her, my people,’ so that you will not share in her sins, so that you will not receive any of her plagues; for her sins are piled up to heaven, and God has remembered her crimes. Give back to her as she has given; pay her back double for what she has done. Pour her a double portion from her own cup. Give her as much torment and grief as the glory and luxury she gave herself. In her heart she boasts, ‘I sit enthroned as queen. I am not a widow; I will never mourn.’ Therefore in one day her plagues will overtake her: death, mourning and famine. She will be consumed by fire, for mighty is the Lord God who judges her. “When the kings of the earth who committed adultery with her and shared her luxury see the smoke of her burning, they will weep and mourn over her. Terrified at her torment, they will stand far off and cry: “ ‘Woe! Woe to you, great city, you mighty city of Babylon! In one hour your doom has come!’ “The merchants of the earth will weep and mourn over her because no one buys their cargoes anymore— cargoes of gold, silver, precious stones and pearls; fine linen, purple, silk and scarlet cloth; every sort of citron wood, and articles of every kind made of ivory, costly wood, bronze, iron and marble; cargoes of cinnamon and spice, of incense, myrrh and frankincense, of wine and olive oil, of fine flour and wheat; cattle and sheep; horses and carriages; and human beings sold as slaves. “They will say, ‘The fruit you longed for is gone from you. All your luxury and splendor have vanished, never to be recovered.’ The merchants who sold these things and gained their wealth from her will stand far off, terrified at her torment. They will weep and mourn and cry out: “ ‘Woe! Woe to you, great city, dressed in fine linen, purple and scarlet, and glittering with gold, precious stones and pearls! In one hour such great wealth has been brought to ruin!’ “Every sea captain, and all who travel by ship, the sailors, and all who earn their living from the sea, will stand far off. When they see the smoke of her burning, they will exclaim, ‘Was there ever a city like this great city?’ They will throw dust on their heads, and with weeping and mourning cry out: “ ‘Woe! Woe to you, great city, where all who had ships on the sea became rich through her wealth! In one hour she has been brought to ruin!’ “Rejoice over her, you heavens! Rejoice, you people of God! Rejoice, apostles and prophets! For God has judged her with the judgment she imposed on you.” Then a mighty angel picked up a boulder the size of a large millstone and threw it into the sea, and said: “With such violence the great city of Babylon will be thrown down, never to be found again. The music of harpists and musicians, pipers and trumpeters, will never be heard in you again. No worker of any trade will ever be found in you again. The sound of a millstone will never be heard in you again. The light of a lamp will never shine in you again. The voice of bridegroom and bride will never be heard in you again. Your merchants were the world’s important people. By your magic spell all the nations were led astray. In her was found the blood of prophets and of God’s holy people, of all who have been slaughtered on the earth.””
    ‭‭Revelation‬ ‭18:3-24‬ ‭NIV‬‬

    Take it or leave it.

  26. Oh man with the Jesus angle.. his rage had NOTHING TO DO WITH Capitalism that is so clear if you read the bible… It was something being done in a Temple that objected to.. biased

  27. For a European like me: Capitalism is good as long as it can guarantee freedom and prosperity, when it can't bring peace to Africa, jobs to Africa and protect the migrants from suffering and protect European borders from anyone criminal entering, and when it puts corrupt people in front of European institutions, like Ursula Van Der Leyden, then Capitalism turns into a fail and is nothing more than a dictatorship!

  28. Yeah, capitalism has problems. But it's still way better than the alternatives. Before we rush off and embrace the Green New Deal or other huge projects requiring tons of government intervention, maybe we should look at history and how that worked out other places: Russia, Venezuela, North Korea.

  29. “Italian merchants likely learned the (double-entry book keeping) method from their interaction with ancient Indian merchants from the sea trade; the double-entry system was founded on a "Jama–Nama" system which had debits and credits in a reverse order” – JR Edwards, A history of financial accounting.

    It is not that difficult to find the true source. But it spoils the narrative of the “industrious west” from where all the ingenious stuff of the modern world originate!

  30. Bad times create capitalist society, capitalist society creates good time, good times create communism and communism creates bad times!

  31. One thing the video gets wrong is WHY Jesus was upset with the money lenders in the temple, they weren’t a form of capitalism, they were greedy money lenders who took your real gold/silver Roman coins and gave you back worthless shackles, just like today we give the banks liens of our property/business/tangible goods in exchange for worthless paper currency based on nothing but deceit, not everyone can pay back loans with interest and the bankers know this

    If there $100 in circulation and ten different people get ten loans at 10% interest, 9 can pay back the loans plus interest but the tenth man cannot because the interest plus loans add up to $99.00 so the last man is holding the bag and only has $1.00 left, it’s a game of revolving chairs our economy is. And if you can’t understand that, then that’s why they get away with it.

    Jesus has usury, and that’s why the Jews Muslims and Christians ban it in all their holy books but we forgot about how dangerous and predatory it really is.

  32. 🌸 Some “Conservatively” PROGRESSIVE Ideas!! 🌸

    1, Money IS Free Speech BUT – Money IS NOT “Free AND Equal” POLITICAL Speech! – Because, at early Campaign “Stump Speeches” Abe Lincoln & the others were placed “equally” far enough apart to where voters could move around the Park & “Freely Hear All Views Equally” – So EVIL “Citizens United” Must be “KILLED” with the “Supremely” Legal Argument of “Freedom AND Equality in Political Speech” and We Must also Demand that ALL Political Spending is “Equalized” so that we can also Freely Hear All “Mass Media Stump Speech” type Views Equally today!

    2. Instead of “Executing” each Corrupt Politician or “Bankrupting” each Billionaire’s Law, We Must “Richly Execute” a Directly Popular Move to "Direct Democracy" – where WE Directly Propose, Enact AND Enforce All Laws & All Proposals are Fully & Fairly Merit Tested & have all the Specific "Legal Standards" for Simple Direct Voter Enforcement in them & after “Unimpeachable” Experts Fully Meritize it for All & after We All know about it, NO “Moscow Mitch Senate Rule” can Stop it & we’ll do “Good Climate Change” by Directly Raining on Big Moneys Parade! … (PS: No “Mob Rule!”)

    3. ECONOMICS is “Saving” (by Progressively Taxing Just Excess Greedy Wealth) in “Good Times” & “Spending” (by Conservatively Prioritizing Programs from Just that taxed amount) in “Bad Times” to obtain a Balanced & Stable Society! – STABLE Societies "Create" ALL Wealth & so the Excess Part is “Morally OWED Back” to Society, to KEEP it Stable! – Max Weber’s “Protestant (Work) Ethic & SPIRIT of Capitalism” similarly said that Wealth WAS a “Limited Moral Pursuit” just to achieve a “State of Grace” and then everyone Stopped and let others also achieve their own "Monetary Salvation” – These Basic Socially Moral Ideas have been “Richly” Ignored by “Some of us” now … (PS: No “Soaking the Rich!”)

    4. ALL Races, Ethnicity's & even “White Supremacists” around the World, when randomly tested & shown Average Faces of each separate Race, Ethnicity etc – they mostly Pick one also included Computerized Composite “Melting Pot” type Face (of ALL Races and Ethnicity's “Mixed Together”) as being the Most "Supremely" Attractive Face! – The United States, as a “Richly” Diverse “Melting Pot” Society, has the most Nobel Prize Winners by far & since 2000, a full 39% of winners have been Immigrants!

    5  Unlimited, Clean & Highly Constant TIDAL & GEOTHERMAL Energies would, IF WE Adopted them, “Overpower” less Constant Wind & Solar – Plus, if Electric Cars & Long Range Battery “Quik Charge / Swap Out” Grids, Mag-Lev Trains, Net-Zero Modular Homes, etc were added – We WOULD “Save The World” – after “Directly Overpowering” Fossil Fuel Interests! – Going Green is NOT too Costly, because the “Price” of NOT Going Green is far more “Costly” than any one time Monetary Costs of Conversion!

  33. East germans in 1988 "Socialism good. We will never abandon it. Life is harsh this is the way it is, and life is harsh because of capitalism, our propaganda masters said so."
    East germans in 1990 "Mmmm mmmm mmm can't talk my face is full of cake. Socialism? Dafuk is that? Never heard of it."

  34. Capitalism: You give us money for the things you want.
    Socialism: We take your money and give you the things we want you to have

  35. Think about this: over millennia we were all forced to need money, and now that most money is just numbers in computers we could actually eliminate it! And then there won’t be any unequal wealth! It’s possible for us today! That’s amazing! I wish we would just eliminate money because then we’d end world poverty! We could easily destroy capitalism! And end unequal wealth worldwide because money won’t exist! Wow!

  36. The ultimate climb/war fought anywhere on earth can always be reduced to the #selfless circle of "Love" vs the #1 way linear #selfish "Greed."
    Ps. Do you understand the #Human #Nature of #Hope to identify #Purpose of #Choices? #InnerPeace #Harmony
    (Global IP Gift) https://t.co/u6cpB32Hak

  37. This is an endless debate between "haves" and "have not's".
    "haves" shall always find new arguments, theories, policies, illusions and systems to deceive "have not's" because "haves" always have more power, more sources, media control, etc.

  38. capitalism is the freedom to buy and sell any amount of anything you want to or from anyone you want, otherwise it is NOT capitalism.

  39. In ww2 we had 60 million dead to preserve the way we are living today. In modern times the formula might be the destruction few generations by bad foods, education and entertainment but producing very high volume of technology for the sake of better future for the next generations.
    But then when we look at history I think it's always been that way. Kind of like our parents.
    I could be wrong but…….

  40. Jesus, the first Commie Socialist of all time.

    Capitalism in practice and theory is forcing demand and supply for maximizing ones own self interest until the whole world is dead, while putting distractions such as racism, entertainment, etc. to prevent the common people from gaining their rights.

  41. Jesus told the parable about the servant who could have invested the money he was given and profited instead of just burying the money. Jesus objected to corruption. The Bible tells us how the doves for sacrificial offerings were bug infested. The money changers were also corrupt & known to be profiting on absurd, dishonest exchange rates. When Jesus fought back, he was killed, according to three of the gospels, a few days later.

  42. I’m glad to say I’ve found at least a SINGLE channel on the Internet whose claims and critiques I can disagree with or dismiss – but also glean something out of.

    Although this official-unofficial series on dissecting ideological and systemic ‘-ism’s tends to put an emphasis on description, it DOES irk me just a bit how these videos can implicate—for example, and in my case—the irrationality of those who outright reject the tenets of Marxism. Now this is among other things, those pertinent to other videos; but what interests me is how these videos outline the mental path taken by proponents of ideologies that repulse me, or how detractors of those that I thoughtfully subscribe to perceive MY process of thought.

    Oh, and now thanks to these videos, I apparently type like one of those fake internet-philosophe-types 🤣 Thanks.

  43. Capitalism is an economic theory… Not Sunday school. Money is just a representation of value. A means of exchange. You make money by providing value. How you treat your workers, has nothing to do with capitalism. And in a truly free market, employers fight for the best employees because there's enough competition. Sadly, govts are used to eliminate competition by "raising the standards" for the public good.

  44. Great Britan was rich not just because of their industries, they had colonies as well. Sugar coating history? not a good thing.

  45. We should be extracting the materials for our useless products from space and using the discovery of raw materials as an excuse to explore the Universe.

  46. Capitalism is a bit of a snake pit.
    But of course snakes are not immoral or out to profit at any cost,
    so this is an unfair and stigmatizing comparison for reptiles…

    Reptilian theme in Vigelandsparken Park, Oslo Norway
    https://www.youtube.com/watch?v=E4jaUe4TCzU

  47. "Capitalism" is sabotaged English, sabotaged to have populations centered in "Wealth Clusters", possibly "having a hand in which "town" "becomes" the "Capital" and having a Urban-Rural divide, and also to sabotage learning of Money Systems.

  48. The use of biblical context of Jesus Christ and the money changers at the Temple, is completely juvenile and ignorant. If one would consult a bible scholar, it would be immediately apparent, that Jesus wasn’t upset at the commerce in the Temple. The money changers were conducting “exchange rates” from foreign currency, to Jewish Temple coins. What he was outraged at was the fact that the money changers were cheating the people by giving little to no value for their foreign currency. Therefore, these people that wanted to buy animals for sin sacrifice, were only able to buy them with Jewish Temple money, and therefore were getting robbed for their devotion.
    He wasn’t against the commerce. He was against the thievery.

  49. 0:48 Prager University would desagree that Jesus was against selling and buying in a market. He even encouraged to pay taxes, and some of his parables showed the liberties of a man paying and contracting workers in his wine farm. Jesus's teachings would fit a little more with Capitalism than Communism or Socialism. https://www.youtube.com/watch?v=i9EXnVitkmo

  50. Jesús did not have an issue with money. The issue with the money changers in the temple has nothing to do with money. The central theme is buying forgiveness. Forgiveness from God cant be bought, it’s free due to God’s mercy.
    The supposed issue with money is due to people betting on money instead of on God. The fact is that money can’t save you since the material nature of the body will inevitably die. Jesus was focused instead on the soul which is eternal.

  51. the invisible hand of capitalism is the emotionally retarded belief that "i'm the king of the castle and you're the dirty rascal"

  52. Every time I go to the supermarket to buy an energy drink and see all of the kinds of ham and vegetables and spices and products that makes me think "hmm, that could probably be useful. Might try it some day" – then I also think to myself:
    "Thank god we have capitalism enhancing our lives to great extent that we see now – and thank god that I live in the western civilization and have an opportunity to make my life great"
    The west is the best

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