@adriftdrifloon: An easy to follow explanation of what capitalism is and how it works #capitalism #workingclass

Kamaron27 :

Now I would like for u to explain what is COMMUNISM

Mark Haskins :

So is profit wrong?

Jasonrut76 :

Realistically more like 9/1. Worker creates 10 dollars worth of goods am hour where they get 1 and the owner gets 9 from each worker.

user8647853128960 :

How do u explain capitalist America and communist Russia having identical wealth gap and both ranked number at number 6 amongst countries with the biggest wealth gap?

Jim Ostrowski :

Voluntary exchange.

A-Fuc :

over throw the corporations

DaDawgDad :

I don”t think capitalism is the problem, fiat is. We need a citizen backed currency where money is created in proportion to the population and given to the citizen its backed by when its created. That would be pure capitalism.

Francis Elé :

what do you mean workers don't need capitalist? would they make means of production out of thin air?

ZeroPro :

question ✋how do economy go from capitalism to socialism if currently individuals privately own the means of production and benifit from it? do we kill them?

ʙᴏʏᴄᴏᴛᴛᴀɪ ☭ ᴡᴏʀᴋᴇʀs ᴜɴɪᴛᴇ :

The workers pay taxes twice. Once to their capitalist masters in the form of surplus value in exchange for being able to use the tools of production and then to the state to continue to socialize labor. The capitalist pays taxes once, if they pay taxes at all.

bpwaterbury7 :

The problem with capitalism is not the means of production are in private hands, but too few private hands.

jayallen360 :

So why not educate people on various ways they can use capitalism to benefit so they aren’t tied to their physical jobs - like making YouTube videos.

UnseamlyTangent :

It’s really the “for profit” part is really the bad part. Change that and it would be a lot better

Tom H :

It is worshiping at the alter of maximized profit, where accumulation is the measure of salvation and morality and decency become sins.

wickerman4 :

Workers also get a share of profits through things like 401k or pensions.

depletion_region :

Landbackbaby :

it's just an extension of monarchy. now we have the king diapers. and a king of cars. and a king of corn flakes.... etc

LiveSuperMatt :

Break The Chains ⛓️‍💥

rainshine :

thank you for this!

bornherebyaccident :

I’m working class and an accountant. The one thing omitted is the capitalist has more risk than the workers. There is definitely a wealth gap. But capitalism isn’t to blame the govt needs to increase minimum wage

wisconsingirlie32 :

u r awesome and keep doing what u doing

shaunorr396 :

Excellent,simple every worker should understand this.

Logan :

One question I do have is regarding the following scenario: let’s say we have a factory that produces 1000 dollars worth of profit after selling X amount of widgets. You have the factory owner and 4 workers. Let’s then say the factory owner decides to split that profit evenly between the workers and themselves meaning everyone is paid 200 dollars. Now maybe I’m missing something within capitalist theory or your explanation of capitalism, but would this factory scenario be considered capitalistic or socialistic considering there’s still a private owner of the means of production, but the profits are spread evenly?

The Last Salafi :

jnazshkw0m4 :

the best explanation of capitalism I have ever come across. thank you for this video.