Cost is never questioned when it comes to military spending, defense spending, foreign aid to Israel and Saudi Arabia, or subsidies for major corporations and industries. Cost is only questioned when it comes to social spending.
When Herman was insisting in the question "How would you pay for it?" I couldn't stop thinking how ridiculous it is to live in the richest country in the World, that has a military spending of 721.5 BILLION DOLLARS (more than the next 9 countries TOGETHER!), and still asking how that same country could afford basic human needs, all of this while having other less rich countries, like in Scandinavia, where they have done this with so much success. They know very well that they can afford it, they just don't want people to understand it.
@@caseystern6616 the workers are learning that they are worth more than 8$/h. This could be the start of a wider movement where workers are paid what they are actually worth and where CEO's pay is decided by the workers, as it should be
Cost is most definitely questioned regarding defense and military spending. You are doing it now. What you are doing is called "exaggeration." I do it, too. We spend a lot on the military.
I'm willing to bet that's because social spending is not profitable and god forbid we do anything for the people and not solely for the sake of profit.
Richard speaks history. He speaks policy. He speaks facts. This Town Hall was a waste of time because they barely let him talk, and brought on no one competent enough to do more than five talking points.
Why is the audience shaking their heads "no" on easily verifiable facts? They can google "strongest economy in Europe" or "Germany free college for US citizens".
Capitalism advantages smart, ambitious, risk taking people, that's why many people like socialism...they think they can do well in life by not putting in the effort, well, news flash: IT'S NOT POSSIBLE!
Here’s a few problems that socialists have with their arguments that people don’t talk about There is really a 1% in socialist countries to the other 99% are all paid fairly equally but they are paid almost nothing and they are at starvation wages In capitalist countries there may be at 1% but there is also an 85% they can buy their own food in supermarkets that are chock-full of food And buy their own clothes this is not possible in Socialism countries Also in socialist countries no you don’t have a dictatorship of a chief executive officer or a board of stockholders but we do have one dictator in a city many many Miles from where you live Who makes every decision for you personally and thus nothing gets done Under capitalism every single person has a better standard of living Take a look at South Korea versus North Korea or these workers in South Korea really exploited because the ones in North Korea cannot buy food
@Confidential Name Under Socialism there is no other point of view than that of the state. Point blank. A lot of these people that argue for Socialism would be the first ones denouncing their neighbors and family members so that their neighbors and family members can be taken away to a work camp or executed or possibly tortured this is what happens.
@@henryperez3559 that’s just not true at all. All a socialist country means is workers are the ones who decide wages in a democratic manner instead of the way capitalism works where the capital owners themselves decide how much their willing to pay you.
When we have International Human Rights after World War 2. So what does he want to imply? We set what right should be given out of whim and not out of common sense??
On the bright side, Fox actually having a conversation about Socialism. That's a game changer. I just hope people will not fall into these fallacies, scare tactics and child arguments by these millionaires.
I like the fact that this entire circus only had 2 people argue for the side of socialism while they had 5 people INCLUDING THE MODERATOR argue for capitalism.
Total lie human rights depend on where you live capitalism is soulless so of course not in america or but in germanybor Denmark they care about their people
@@kmtgoddess7793 Capitalism you have no rights, no democracy, no freedom in the work place either. You have no rights in the work place under capitalism. Americans mistaken capitalism for democracy. They are different. Capitalism destroys democracy. They worship capitalism while at the same time, it's is killing them. Yes, Europe takes better care of the their people, yet we call them dirty socialist. That's what the American Corporate media trains Americans to do.
Yesterday’s Show ya ok what happends when they run out of money and go out of Bussiness because people like these socialists are running it. And no they wont be trying to pocket any money considering they already want to take other peoples money. Not to mention amazon was in the red until like 4/5 years ago. That means they were loosing money.
Amazon pays lots of taxes, such as property tax, payroll taxes, sales taxes, etc. While I agree with you that it is outrageous that they don't pay corporate taxes, that doesn't lead to Socialism! That means that you close loopholes. You don't amputate your arm because you keep getting splinters. You sand down the wood so that it doesn't happen again.
Yesterday’s Show you don’t understand how taxes work. There are payroll taxes, sales use taxes and an array of domestic and international taxes that companies all pay regardless of their annual income. They didn’t pay any income taxes because they had deductible expenses that allow for companies ....all companies....to invest in their company to make the final product or service more efficient and more varied in product or service. Amazon paid billions in new tax revenue to local state and federal treasuries that would not have existed without their incredible enterprise. They paid a highly disproportionate share too. You think they should be taxed more because their success is paying off for you and everyone. That’s a great incentive for the next Jeff Bezos....yeah, good idea.
Also, everybody already pays way too much for college, because it's privatized. If it was public, the cost would go down, so everyone would pay less. The capitalists know this, they are just lying. Same with health care, everyone would pay less. And it's the same doctors and same hospitals, so quality wouldn't go down. It's just a mountain of capitalist lies. Greed greed greed from sad sad people.
The host don't even try to be moderate throughout the hole show, it is 3 against 2 there, not counting the audience. Yet they held up beautifully, even though they were interrupted several times.
And, she was wearing jeans with holes in them, while the rest looked like they were there to have an intelligent conversation. Who could take that lady serious with the clothing selection she chose that morning, to wear on national television??
But she did answer questions, albeit not with math and not addressing the tax-and-spend budgeting issue. But when public spending per person stagnates while taxes decrease, it's clear that more spending can be paid for. The question is whether or not rich people will tolerate that money coming out of their dividends, capital gains, and corporate officer salaries.
Bianca was a disgruntled employee, that explained it. So young lady go start your own business and stop hurting those who did. I don’t like Verizon but I’m not complaining I just don’t use them.
k3V I agree, minimum wage is for college students or those just starting out. Allows employers to hire non skilled for less. Raising it only decreases the number of jobs and exclude those. Some just do not get it.
Go start her own business...? You gonna give her a loan or something? Plenty of workers, of all kinds of businesses, have the right to be disgruntled - but all she’s advocating for is for worker rights, like they have been for over a century. Unless you want to work all 7 days with 12-16 hour shifts then be my guest You’ve probably never struggled in life either
@@shortchubbyneckbeard1681 LOL, Let her do like many business owners did and work hard and save up her own money. "workers rights", yeah, they have the right to go find another job if they don't like how one is being run. Let her start her own business, then see how she likes being told how to run it by her employees.
Kayak Uprising 🤦🏻♀️ yes that is a great solution, everyone who is denied his rights as a worker or downright exploited can go open their own business - and who will work for all those business owners? Why people in the US have this weird idea that unless you OWN a company you have zero rights? Workers are not your servants that will oblige to every rule that denies them their basic rights and the answer - in a civilized society in the developed world at least - is not of course “take it or leave it”.
There's a reason why socialism is creeping lol and creeping fast. Capitalism is failing to address humanities problems. hahaha can't wait for Post-Capitalism
@@Kim-Yo-jong Really? So you just think people go around buying elections huh?? You know like that filthy rich guy Yeah let me guess hmmmmm ..Trump the President! (still your president uh huh) He just used his wealth to buy the election for himself Right?... (LOL) How did I guess. I am so smart.. LOL *Look Creepy J.. Hillary had more money than Trump on the 2016 election. She ran a vast campaign and controlled the media. But she lost! A More Money Candidate lost to a Less money one.. Democracy won. Yeeey!! I rest my case! ...So much for your whinny theory. You just like democracy when it benefits your side and your side only. Go whine to Venezuela Snow 'a' flake. America love it or leave it!
@@MrAnibl lol Trump said in his primary campaign that he bought off politicians for favors later on and that it was common place. How is this so hard to understand?
@@greenbrickbox3392 You do know that this is corruption, right? Doesn't mean the system isn't working. He didn't buy an election he bought a candidate. The fault lies with the human not the system....
wHEN was the last time any corporation such as Amazon that hasnt paid a cent in Tax contributed to road building, to fast rail, to building or improving a hospital. to improving a class room, a child play ground it all goes into Jeff Bezos bank account.
@@krackatarHealthcare is a service not a right. Everyone in the USA has access to healthcare services there are hospitals and clinics in every town. If you have emergency an Er can not turn you away they have to treat you it is a Federal law that has been in place for over a decade called EMTALA.... Health insurance is what pays for repair or if something goes wrong , no different than home owners insurance. You buy your home, you take care of your home or not and if something happens and it is a disaster then home owners ins covers it
@@krackatar Remember The Demon Party instilled a Penalty Tax on taxpayers who didn't have health insurance...OOps I stand corrected they called it a "FEE Nothing More"
They're not rights so much as opportunities. The rights are in freedom and liberty, which then establishes the opportunity to pursue a dream of one's own choosing.
Why do they rotate 1 member from the capitalism side for every segment? And why did they choose Bianca to be on the panel? It obvious that she doesn't understand the details, technicalities and historical background to make for a fair fight.
I think Bianca held her own... She is well spoken and quite intelligent just a little misguided. It's hard to find liberal democrats to get in a debate situation! I would love to hear more of them with opposing sides! God bless!
@chris smith "empirical evidence of success to bolster their claims" Richard Wolff provided empirical evidence we have from capitalism that shows it's not working to bolster his claim.
@chris smith Also... "Then they should've picked somebody else." ... Umm... Lol? I think that's what I was hinting at in my first message? wat? rofl....
You don't own the company. Why should a owner give the workers a vote? Did they risk their money to start the company? Did they have a good idea that everybody wants? Who is at risk if the company fails? All they do is lose their jobs but the owner have to burden the cost of failed business. Give me a break, dude…..
I agree 100%. Labor has no skin in the game. This is an interesting topic. I’ve done the “Build A Company” thing. Sold it to Rank LLC for a boatload. It was a brutal and Wonderful time. I guess I’m older now, not as Darwinian. I struggle with a CEO who did not invest his money. All risks he takes are on the stockholders dime. Does he deserve a 50X salary exit package? Maybe? It’s interesting. Did the Boeing CEO cut corners on 737 for profits vs Safety? Does he deserve a huge payout Considering he was ok with corners cut to avoid new training to Airlines? 350 died. If he gets the Boot, he will leave with massive pay out. He was 100% about profit.
Lou is right : there are no human rights, but there is an opportunity. And the government must create the climate for the opportunities for ALL citizens.
We _are_ the government. The government is us. It is through government that we do these things. Ronald Reagan has succeeded in convincing everyone that the government is something else and something you should fear.
I hope you're not a pro-life anti-abortionist, because you just ham-stringed that movement. If there are no human rights, there's no justification to pro-life.
She worked for Verizon on a commission basis and made less each year. Then that means she was producing less and less. Why should she be paid the same for producing less?
That's an assumption crafted to fit your narrative. We see news reports every day in which corporations cut wages, benefits, and jobs. This is not a unique or isolated phenomena.
Folks defending the capitalism went from "We provide freedom and lift millions of people from poverty" in Part 1 to "There is no such thing as human rights and that is unaffordable" in Part 4. Stunning.
Germany has a very low military cost. That is one major way they are able to spend socially. Yet out of that they still cant pay their commitment and promise to NATO.
@@meredithleavitt5815 They are paying less than they promised to. something like 2% GDP is what they are supposed to pay. At the moment it is closer to 1%. Why dont you do some research. Type in Germany paying less than they promised NATO
@@christucker1353 No Survival instincts did. You have to understand in capitalism we have options. But those options have requirements. Not everyone can make good money without starting from the bottom. So yes...Capitalism did make him take that crappy job. If he wants better pay...He needs to improve his skill sets and hope you don't fall of the ladder. I like how rich people can say they are rich because they took risks. well so did thousands of other people but they failed and probably died trying, never to be talked about again.
@@2getheras177 you said they probably did you are speaking in hypotheticals. If you make smart decisions you will make it far in life. Save, invest, wait till marriage to have kids. Don't party every weekend. You CHOOSE TO TAKE A CRAPPY JOB. Been there done that.
@@christucker1353 Man, you sound like a reasonable person but that whole equation you set forth here doesn't take into account hardships, setbacks, or other unexpected life problems. Funny how you just addressed the fact that I used the word "Probably". What about everything else I said. You have the right idea about how to make it in a capitalist society but you are missing many factors tat interfere there. I'm also guessing it worked for you, so you assume it'll work for me and the rest of the people?
Not everyone goes to college in Germany. The man doesn't understand the hierarchy of education in Germany that begins in school years and divides those who are going to have a university education, those who will attend trade schools and those who who do other types of basic jobs. It is difficult to pass the college entrance exams there and one must get the Abitur before one can attend this so-called "free" college.
Yeah these people who want socialism have some delusion that they'll get to do whatever job they want and everything will be so great. They'd be mighty surprised to find themselves working at the local dump when they get their beloved socialism.
I joined the group ,Junior Achievement in 1967. This was an after school group which made a product and sold it. The fellow the group chosen as president was allowed to take a team to a larger city for meetings and training so I raised my hand and said I would also like to go to represent Labor. He told me that labor was not smart enough to attend. He then smiled and people chuckled and he looked at his Dad who was the adult there who smiled back at him approvingly. I stopped going to the meetings and when my Dad asked me why I told him what transpired and that this is not a paying job and I nor my family relied on me keeping this job and I will not work for someone who disrespects me. I saw just a shade of a smile grow on my fathers face.
I'm glad that Fox is willing to talk about these kind of issues, and hosted Bernie for a town hall. Fox is getting way better than the rest of the MSM pack. Prof Wolff is raising issues that are valid, and we should realize that the worker co-op system run by the Mondragon network in the Basque region of Spain has created the most opportunity and in fact is the most prosperous region of Spain.
@@saskk2290 You're a socialist and you are watching Fox News Business? Wow - as well as that Socialism is getting wrecked here. You are really are down for the cause. xD
all four parts and lou dobbs is the only one that came close to the heart of the debate! capitalism or socialism the only thing I am concerned with is my freedom the freedom of my children and grandchildren if you mess with that that's where your problem will arise... those socialist youngsters never had to fight for anything in their lives, have them fight for their country and maybe they will change their tune! or work for it . if you don't think your job is treating you right get another job..... or start your own income. government is never the way. less government is good government + + +
You do realize that the greatest generation voted for a president who instituted the most socialist policies 4 times while they were fighting a world war????
@@Mustard138 Yeah some policies they didn't turn our whole country into a socialist country like they say they want now there's a huge difference. Even with every rich persons dollar we couldn't afford to pay for just the free college alone for more than 3 years let alone everything else they want to be free. It's why every person who argues for socialism will not answer how it will be paid for it's because it can't and it's unsustainable when you do the calculations. I'm not willing to risk our country going bankrupt or turning into a third world country to try a social experiment that has failed almost all the time if not every time it's irresponsible.
@@wonkybomb1865 everyone who knows what they are talking about has said how they will pay for it. Bernie's sight has it. Do a little research and you'll know how they will pay. Even Andrew Yang and his UBI he has paid for and laid out all the numbers. Just because your ignorant doesn't mean it's not there or not true. Read a book.
Well said Herman. Government shouldn't pay for health care, education, etc. The reason we have the greatest health care in the world is because of free market capitalism
People are afraid to take risks, they would rather go to someone else and offer themselves for a set wage and benefits than work for themselves, that is why people want socialism, because they feel that government may give them a better deal or stand up for them, but they will not just as rich ceo's will not. People with a working class mindset will always get a working class result.
Gotta just love how there was such an unbias host to control who he would allow to explain their points and who to cut off or quickly move on to another question to avoid allowing them to explain their points.
This Pr. Richard Wolff is the example of why our young people are brainwashed about socialism at the universities. He misrepresents it, intentionally or sincerely, but he does not understand what true socialism is. Neither does he understand what capitalism is. I came from the most socialist country Soviet Russia. I know how it feels to live in the socialist system. God forbid! Unfortunately, with all due respect to Charles Paine he made big mistake by not formulating the basic differences between Capitalism and Socialism. As a result, the ensuing discussion has no benchmark and it is pointless. He should have explained that Socialism cancels ALL private property, nationalises all means of production that belong now to nobody from now on, but to the nameless government of appointed bureaucrats who appropriate the industrial profit. Then in order to defend this theft of national wealth this government makes the legal system depended on its whim. No more independent justice. Further, in order to defend this injustice ALL dissenters in Media, in Press, in Art are suppressed and persecuted. No more freedom of expression. Only arrests, prisons, dictatorship of few over the nation. Then, shortage of food, medicine, of everything. Again, the ruling nomenclatura unleashes lies about the real crisis. After that, the dictators start an aggressive foreign policy: wars.. Is that what American Socialists want? Also, Scandinavian countries are NOT Socialists. They are capitalist countries with general social programs and huge taxes in order to support these programs.
I don't get why you all are complaining and whining. You think your labour is worth more? Ask for more. If they don't wanna pay more then just go work for someone who thinks it's worth more. If you don't find someone willing to pay you a fair price for your labour? Isn't the America a free country? Start your own business and you can even choose to share the profit to your employees who you pay a minimum wage while paying for students their college educations with the profit you have left. So for Germany, states decide on school policy, they had on lift their 'ban' in tuition because it was unconstitutional. An non EU cit. pays 1,5k euro tuition, EU citizen pay around 250(+-100) euro in other school fees and indeed the first year is free the next aren't then tuition starts. You might want to add tho that it's a VET system where they are schooled in a dual system to directly fit in specific jobs in specific industries. Their economy also benefits from the fact that their minimum wage is nearly half of what you commies are demanding. (It's gone from 8,5 to like 9 in 2019 I think). (that is before taxes indeed) Also fun fact, as a(West-)EU cit I can inform you that taxes are sky-high, we have a low-schooled labor crisis which is why we make schools cheap, because only highly capitalistic enterprises and big-earners actually carry more then they collect. EU is also rapidly converting to right-wing because they are tired of being lied to by the left-wingers, we are losing economically, more than half of starts-ups go bankrupt within a couple of years.
Just because something isn't working the way you want it to work such as capitalism doesn't mean you throw it away because if it is working 50% or 80% be a part of the solution to making it work the other 50% to 20%. I was once told by a supervisor if you want to make change within your company join the people who make the change within your company and do it from within. This applies to everything in life in my opinion.
ok so if democratic socialism means the business owners of America have to share the wealth to the employees working there, then the employees should buy the materials and pay for repair cost as well as pay for the operation expenses. how are small businesses gonna stay afloat if they don't use the profits to buy more materials.
So Social Capitalism is OK with you?? Following your logic, we should not have bailed out the big banks and keep the big speculators from going under. That is Social Capitalism and we keep the kids in debt so the banks can get rich off of their education loans. Education is an investment in the future, and we are pulling the rug out from under them.
CEOs of major companies DO share their money with their employees: the employees do their jobs, and their boss gives them a paycheck in return. Payroll is one of the biggest expenses for any company. If you want to make more money, ask for a raise, offer to do more at work, or look for another job.
Utterly false. Risk and reward are components of gambling, trying to gain something you haven't earned by putting up something of value in a game of chance to gain possession of what everyone else has risked. Socialists believe that all gains must be earned by working together. Input begets output. Collective effort (i.e. teamwork) magnifies the outcomes for all instead of taking the output of the many and giving it to the few. The only risk anyone takes is when they try to take from the many to give it to the few.
If the company you work for goes under, it’s the owner who has the biggest loss, not the workers. The owner has also initially put up all the capital to start the business.
@@jacquibryce7327 No, that's only your assumption. There are hundreds to thousands of co-ops out there that were started, operated, and owned by the people who work there. My In-Laws helped start a co-op. Mondragon Corporation is probably the most successful out there.
Yeah we need to stop inviting people who are unable to obtain independence a year after highschool due to housing costs outpacing wages to have discussions on either of those topics.
The comment "49% of members of the Boad of directors is elected by the workers" is INCORRECT AND MISLEADING. The workers council (elected by the workers) are NOT PART of the board of directors! They are included on many meetings and informed about the decisions made, but only if the decision would be AGAINST THE LAW and thereby against the workers rights(eg. favoritising some workers and penalising others), then the workers council are able to act, otherwise it is a purely informational position
They never really thought about what their asking for. I mean, our health care and education system create sick slaves. I think they should be fighting for Freedom, and leave everyone else alone. That includes the Capitalists. Fight for money to maintain steady value based on some value. People that understand money know the value of things dont go up, its the number of dollars printed, so each buck is worth half, then quarter etc. Our economy is based on us being able to print dollars for free, no other country can do that, yet their currency is based on the dollar. How you think we have the greatest military, and comfortable lives. Oh Germany build 100 BMWs and we print money . Fair? Or Columbia send us coffee. We print money. Lol. Crazy right. I cant advocate things i dont understand, and sound unfair. Illusions of wealth is what most have, and are sold to feel rich. Maybe some think they're just gullible. Freedom is priceless i know that much. Only God judges. Love Jay
The mondragon cooperatives in Spain is a good example. To anyone who is open minded and is ready to listen. I highly suggest you do your research and really understand why things happen the way they do.
Jeremy Corbin has a plan for it to happen in the UK. The govt will give loan to the workers who are given priority to buy they company when the decides to sell it. This is one way to do it. How much? Just one of those F-22 should be a good start. More conversation on this since this is not a simple thing, it won't be easy.
Lol I really feel for anyone who thinks they'll make a career at the same telecom company for life. Those layoffs after aquisitions and restructuring are brutal and seem to be happening every few years when some finance company or holding group finds a way to squeeze out as much profit as possible.
@chris smith US style capitalism ended those jobs in favor of outsourcing, contractors, gig economy, automation and freelancers once firms realized that those would result in significant cost savings to labor as well as lower likelihood of labor mobilization. In the aggregate, US style capitalism does not reward being a good wage laborer or having company loyalty as the US economy is doing well and levels of income inequality within the US have soared, but layoffs continue, wages have stagnated, social mobility has plummeted below European levels and large corporations like Amazon and Walmart continue to increase size and become more monopolistic while having extremely exploitative labor practices. Only a minority of people will succeed as freelancers and entrepreneurs, with most small businesses failing with the greatest reasons being no market need and lack of sufficient capital. For the vast majority of people who are not capitalists or well-paid workers in this system, socialism and collective bargaining makes economic sense, as corporations, market forces and HR firms are all collective organizing to pay workers as little as possible while extracting as much labor as possible.
@@greenbrickbox3392 there's no such thing as US style capitalism. There is capitalism, crony capitalism and corporatism or a plutocracy, take your pick. We are not currently under the first system. there is nothing wrong with unions and collective bargaining but it never happens in the private, and lobbyists make sure that the politicians play ball so that this never happens. The biggest problem that you advocates of socialism can't seem to grasp is that big government is socialism, and big government is 100% responsible for all of the ills that you outlined in your post. America needs to get back to the system that the framers of our constitution set up. You are right in that not everybody can be an independent contractor and be responsible for their own financial destiny. That is where effective small business comes in and that cannot exist in our current climate. But, if you think bringing modernized socialism or whatever you want to call it is going to fix these problems you are mistaken.
Have you seem what people in the USSR dressed in. There were plenty of good suits around in the SU Especially from the 60s onwards. The idea of all Soviets as wearing rags is outdated.
This is a nice little series, however I'd like to see it go longer with more back and forth. I'm no fan of socialism, nor am I a fan of Richard Wolff but I'd like to hear rebuttals to all topics carried out in longer form. All in all this is far better than what they put on other networks.
Typical Fox News redirect panel. No one except the capitalist could challenge viewpoints and they talked the longest including the host. The host also re-questions the audiences question and muddies the topics. This debate was not helpful.
The "socialists" didn't talk about socialism. Having labor in management isn't socialism. Government control of the means of production is socialism. If you get to redefine socialism to mean "things that sound good" you can make any argument you want.
Only the government control of larger corporations where the accumulation effect of capitalism becomes an issue. My Uncle had a private owned filling station in the GDR (east socialist germany) as a family business.
@dots * Check the dictionary. Plus, workers are guaranteed a wage through a consensual contract. Business owners are not guaranteed a wage or even a return on their money. Socialism = The government controls or regulates the means of production.
Samuel Fernandez I personally would just let states do what they want. Ie If California wants to let them try free healthcare, open borders, and UBI let them. Just don’t bail them out if they bankrupt themselves.
@Snappingturtle 267 and the funniest thing is the most people that are for socialism on the political agenda have the money to move to Germany they're the rich socialist they're not the poor socialist that's why they're in favor socialism. if you ever talked to a poor socialist on the other side of the fence you'll find out real quick they don't like socialism.
What is the benefit of that when all the profits being made in the US from high GDP is going to wealthiest 1%? What good is high GDP when your country has ridiculously high wealth inequality, when you have a garbage low minimum wage? when you cant even guarantee your citizens right to basic health care? when you cant go to school without the fear of a mass shooting?
@@rileymiller1294 2nd year of his presidency and everyone I know (family, friends, co workers, etc) are still struggling and actually are worst off than they were prior the 2008 crisis. They're still waiting for the wealth to "trickle down" and we're still waiting for an increase in our wages as well after both 2017 tax "reforms". "The poor stay poor and the rich get rich". :/
@@rileymiller1294 If you had real capitalism you compete for the wages : a high min wage is met by Walmart not supplying stock clerks or isle shelf stocker's. The Store gets the same profits, because Walmart ended all competition in the towns they invade. The people are forced to drive miles to buy at a competitors store. Too many chain stores Block competition
@@MitchellMcLean1992 I can tell you're an unskilled worker too lazy to better your skills but wanting an over paid Socialist to get you the wage you want to pay the taxes on their unnecessary job for cry babies that want $10.oo an hr to put nuts on bolts. Become skilled and earn a living if you want more then survival pay Mitch. Poor poor Mitch with no education
The fact that mainstream media debates have to go in this format of one talking point per person without addressing what the other person has said is why mainstream media is failing. If we actually let these people go at it off script we could clearly see who is the better debater. What generally happens when you include Dr.Wolff in a debate on this topic is that he just steam rolls the competition, because he has dedicated his life to this question and simply knows more information that just about anyone else on the topic. The days where you had legitimately stimulating discussions on these topics died with the era of Freidman and Sowell, but I genuinely would have loved to see some of the more notable libertarians and socialists of today, such as Dr.Wolff, have these discussions. What we are left with atm is a modern context that exemplifies the failures of both classical liberalism and keynesian thought that leaves us looking for answers at both ends of the extremes, with both having some very salient points. It's just that you'll never realise that both sides have great arguments if you only stick to watching Fox, CNN, MSNBC, etc. The truth remains, as it always has, that some systems do certain things better than others. The problem with ideology is that we are blind to the fact that one system isnt sufficient to achieve optimal outcomes, and it leads us into thinking that our system would do something, in particular, in a better way without first consulting the evidence. We are left thinking that government regulations are optimal, or that free market health insurance is optimal, and ignore the overwhelming evidence that these are both inefficient and suboptimal for the sake of societal wellbeing. Or maybe we are just deeply flawed and can never optimally use either system to achieve goals.
God I love Richard Wolfe. I love that this debate is occurring, even if it's on Fox News. Gotta give Fox News credit where credit is due, they're somehow more capable than other news networks to actually discuss progressive matters. You won't see this debate on CNN or MSNBC, despite being the supposed "liberal" news networks.
I can't believe we are even having this conversation. I came here from USSR in 1979... by the way did you see that "crazy" in the front row at 10:45 wearing a shirt that says " ABORTION ON DEMAND NO APOLOGY" Sick!!!
Jeff Carr Unfortunately with 47% of Americans saying they would vote for socialism I have a little hope for people actually thinking about anything instead of reacting strictly based on opinion and feelings LOL
Dave B I completely agree as a libertarian. Don’t come crying to the rest of us because you can’t control your spending And the wealth creators have left your state
The Otaku Way socialism: WORKER control of the means of production. State CAPITALISM: STATE control of the means of production. The reason that Wolff and others criticize capitalism while advocating for state control is because they believe the government should reflect the will of the people. Like democracy
@@TheEuphonium412 Thanks for the definitions Ethan. Sometimes, questions I like to ask when someone suggests something close to Socialism or State Capitolism is, "Do you trust the government as it is now?" Usually the answer is "no". Then, "Why would you want to give them more power over us "? Afterwards, there is a thoughtful silence. Government has it place but it is the greatest monopoly and should be limited. To those just scrolling though the comments, "Have a great day my friends".
The Otaku Way Yeah I have no idea where ‘socialists’ get off talking about ‘letting the government’ do anything. The government is supposed to be the will of the people, but it’s not. It’s the will of people who have power. Money is power, and capitalists have all the money. So who is it exactly that is ‘doing the governance’? Hint: it’s the people who want to screw you over
i listened to all four parts, and have to say that it would have been better if you would have just narrowed it to four speakers (the same speakers) for all the segments. Herman and Lou did fine as did the folks representing the socialist view.
Bianca said that people “can’t afford to start small businesses” um a business title costs like $10? Then, THANKS TO CAPITALISM- you have to work hard to sell your products or ideas to other people. That’s the beauty of this country.
... and if you want to hire anyone, and have a place of work, then you'd need no less than a million dollars in assets to put as collateral for the insurance policies you'd have to take out in accordance with law.
Bugsea Popular to who? And, it’s spelled “fought” (guess they didn’t teach you how to spell either, huh?). Which presidents? If you’re talking about FDR and LBJ, they were two of the worst presidents we’ve ever had. Their legacy is enslavement of people, too dumb to see what’s been done to them and why! Too bad you weren’t taught the truth about that either but, you can do research on your own. If you care about America and want to know the truth (not what you’ve been fed), go read some books! Yours is a truly sad comment!
For me as a someone who lived under both ideologies it’s really entertaining to watch this. Nobody have a clue in this whole discussion. Next time try to invite someone, who saw and felt how it works and can point the differences.
It is on the block right now as this executive is burning our seed corn for fuel and profit. Our resources are being sold off for chump change so he can show how great we are. Fracking is trading agricultural land for a one time payout. See "Gasland" and "Gasland 2" for how the people of America are getting sold down the river for other people's profit.
Let me correct this. There is tuition fee in Germany although much cheaper than in the USA or UK! If you do not pay it, you are immediately exmatriculated. It is that simple. Some post-socialist Eastern European countries provide true free higher education. Germany does not.
Those corporate heads , and 1% has sacrificed more, and worked harder, than 99% of the remaining.. GROW UP. They get paid to make decisions. Take some time and read about the free market, and do not be scared of competition.
I knew it! Americans are plain stupid Because every of those 340 millions of American citicens can become a billionair according the capitalist market system. They are just too stupid to get that I feel so . sorry But at least those 199 super rich have got it.
If you want a free market capitalist's lifestyle, make your kids work as soon as they can and charge them market rates for living expenses while they accrue debt in your house. If they complain, tell them that no one is forcing them to stay and they're free to leave and buy their own land and start their own family. If they refuse to work then you can evict them and call the police to enforce your property rights.
greenbrickbox That example is not free market capitalism. What you described is tyranny. To simplify, free market capitalism, has limited government constraints, and allows you to keep what you earn. And this is where entrepreneurs thrive. Socialism is the redistribution of money enforced by governments. The ONLY benefactors of socialism are governments and corporations. Placating the pleebs, with crumbs, is at best temporary. This is where entrepreneurs and nations die.
Capitalism is inherently unequal. The last 30 years the top 1% gained 20 trillion, the bottom 50% lost 9 trillion. The capitalists are ripping off the workers. Open your eyes.
The problems with any economic model or governmental model is the imperfection in the human heart. No model can be perfect as long as this exists. Capitalism is the best model in an imperfect world. How do you improve Capitalism? You encourage people to go out and do the right thing. The individual can pick up the slack when inequalities exist - they can do so by their own free will, by giving of their own time, resources and talent. In short, Capitalism with good people who are willing to give. State coercion through the law will never cause people to give with an open heart.
Why does everyone ignore the fact, that it takes capital to start a business (unless you're a reseller), and that capital has to come from somewhere? If 4 people come together, make loans and put forward capital to build a business (form an LLC or something), they carry the risk. If the business fails, they lose all their money and owe to the bank. The workers they employed lose only their jobs, but owe absolutely nothing to the banks. The business owners carry all the risk, and thus, they get a larger portion of the profits, as they need to repay the banks to break even. In the system they talk about, where wealth is distributed to all workers, you'd need your entire life to break even. Which person in their right mind would go into huge debt to take a risk at building a business, when all profits will be shared, they carry all the risk, and when it would take them an eternity to make any money?
There are at least a few companies (Walmart is one of those) in the USA that allow employees to purchase stock in the company (usually at a better price too). You can even decide how much (or little) of your paycheck is used each week to make the purchase. You then become a shareholder. You get a ballot in the mail where you can vote for board members, etc and get invited to shareholder meetings. And, when you decide to sell your stock, you make some money.
"There is no such thing as a human right." Hey idiot, ever heard of the Declaration of Independence?? ""We hold these truths to be self-evident, that all men are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness."
@Sue W The Declaration of Independence says you have the "right to LIFE" (and "liberty and the pursuit of happiness"). But I guess that document is meaningless to you. You have demonstrated that by what you just said.
I think what he meant was that we have the rights that we give to ourselves. Rights that we as a society collectively agree everyone should have. In that sense I agree the natural world doesn't give us any rights. But it's a little unfair to jump on the questioner because we commonly refer to these as "human rights" knowing that we don't get them just by virtue of being human but rather because we agree to give ourselves those rights. Since we have now as a society achieved a certain level of abundant production, we can afford to give certain rights to everyone such as health care and education.
Let me preface this by saying that in most regards I fall on the conservative side of the political spectrum. That being said though I do not believe there is any such thing as a human right. The world owes you nothing, just as you owe the world nothing. At the end of the day everyone is going to die and the world will keep going without you.
@@SolidAir54321 The term "Human Rights" literally is saying that just because you live it is a right. The idea that society as a whole or in general thinks it is a right because of economic standing says it is a feel good right. Problem is then how is it going to be paid for? How was it paid for before it magically became a right. You have a right to life meaning you can't just be killed off just because, not that someone else must provide food, shelter or care to ensure you live. That is tied to your other rights liberty to controlled your future and pursuit of happiness to provide yourself with what makes you happy. Property, money, education or poverty and disparage if that is your choice. Equality of access doesn't guarantee equality of outcome.
I was working at Verizon on COMMISSION and every year I made less and less money that means your not a good salesperson, another poor worker who wants more
Chris Salmon lmao it might mean that, or it can be the same way uber Driver’s get paid less per mile. They drive the same amount as years ago but have been gradually been making less
@@uchennakpaduwa9592 that's a corporate decision from a company that has been on the decline versus Verizon who are making record profits every year and is the largest us telecommunications company
@@chrissalmon3222 You are foolish if you think that the only companies that screw their workers are companies that don't make profit. Walmart, Amazon and Disney are all profitable and screw their workers.
LOL yea, lets soak that evil 1% they can pay for everything. Socialism is a giant bait-and-switch. The promise of secure living leads to oppression which leads to insecurity. Every time. And Sweden isn't socialist.
I was looking around my house at the things I own. Thinking about the things in my life I pay for trying to figure which things were produced by socialism. Turns out not a single thing; nothing in my life was produced by Europe, Russia, Cuba, Venezuela or the Democratic Socialists Republic of North Korea. All the things in my life were engineered in the USA, Japan, S Korea and some of them manufactured in China... China actually being more capitalist than any country I can think of, but with a a bit of ever shrinking socialism, and a whole lot of fascism mixed in...
