@lthlnkso: Rebunking capitalist myths. @adriftdrifloon

Krysz☭ :

Me if I had zero understanding of capitalism lmao

Chris :

1) You get wealthier be providing more value

JstSumYTGuy :

I don't think I've ever heard "rebunk" before, but I think you nailed it

Professor Paradox :

In that first section of the video she said “you don’t get rich from hard work, you get rich from having capital” and your response was “Sure, you don’t get rich from working hard, but you make more money if you work more. However you will get rich if you have more capital” say like a land excavator you use in your example. So you are agreeing with her. Her second claim is that the maxim ‘people don’t wanna work anymore’ is a myth and then she gave you a caveat of people don’t wanna work for shitty wages. Your response was “i’m not sure about the premise.” which is agreeing with her. She’s not sure about the premise either. She’s saying the premise that people don’t want to work is a myth. Everybody wants to work they just don’t wanna work for shitty wages. Sure real wages have increased since 1979 but you’re conflating inflation with affordability of basic necessities. Inflation covers a large basket of goods and so yes, I may be able to afford things like technology now more than ever, but my ability to afford things like a house, land, and food is diminished because those goods can rise in price faster than the rest of the basket of commodities. Also, you’re assuming that in 1979 we were making enough money then. And we weren’t, which is why in part we expanded the credit system. The post war boom, had fizzled out and stagflation had set in. Not to mention that productivity has skyrocketed since the 70s and wages have not kept up with worker productivity. So we are producing more and getting less of the share of the production. Last thing I’ll say is she’s not arguing that generally you need to have poor people to make more money, the way capitalism is structured creates a class of economically vulnerable workers who have little choice but to accept low-paying jobs. Think about McDonald’s. These jobs are essential for functioning of the business, the people performing them are often paid wages insufficient to meet their basic needs. Economic desperation weakens workers’ bargaining power. When the alternative to accepting a poverty wage is homelessness or hunger, employment is technically voluntary, but the choice is made under duress.

The _Jackyl_King_01 :

If she thinks it doesn’t breed innovation, then why did electricity displace whale oil for lighting?

steven hyde :

📕☭Trulosophy(TPH)☭📕 :

You don't hire the excavator guy. You own the excavator and decide which person operates it, and they don't have an excavator to go dig themselves so they accept whatever you give them.

Super daddy :

I’ve never heard anybody say work hard and you’ll become rich. But you’re not going to get rich if you don’t work hard unless you win a lottery ticket.

ChemExplained :

is this guys problematic? He is only like "you are wrong" take some data that mean absolutely nothing.

Joey LaRocca :

Debunk aka say a contrary statement.

Hazy :

id like to debunk your rebunk with a debunk! you get paid more to dig a hole with a spoon than an excavator. an archeologist gets paid more than a heavy equipment operator i think 🤔 all in fun, love your videos. gotta factor in what a job requires. if an excavator company has to send out guys with shovels they cuarge etra but don't pay the workers bonuses for using said shovels. demand affects pricing! very hard thing to measure. though i agree with your points.

THSEUSNA :

Someone will have an excuse with no sources. I'll let you try. It's fun.

kaylee 🏴󠁧󠁢󠁳󠁣󠁴󠁿 :

“Rebunk” might not be the best word for this lol

user7464310722399 :

Your argument on #2 falls flat. You need to include what wages are v. general cost of goods. Her point on a feeling of poverty wages although not well thought through is stating that people are poorer today than yesterday. Just looking at income is half the equation

Sean :

nah the issue is that the ones generating the value for what people want aren't compensated proportionally to the value generated. your argument conflates wages with capital ownership.

Deaner :

Wage growth proving wages arent stagnant wasn’t a strong point. Housing costs and necessary services have outpaced wage growth leaving less money leftover than someone may have had on minimum wage in the past

RyanO :

being at work, and working, aren’t the same thing.

PeachyKeen :

Great videos man! Keep em up

Enticing Conversation :

to be fair nobody wanted Amazon but its services were convenient enough that it allowed people to save time which they could use that time to do other things.

Uche Ndukwe :

You rebuttaled the strawman with your own strawman

massivetwinkie :

wages are not getting better.

SquirrelChaserLLC :

Claiming her arguments are straw men than proceeding with a whole bevy of straw men

Michael Hayes :

And if the innovation is better you will sell more of said item

Connie :

What one wants is not an indication of what is in one’s best interest

Robbie :

Quick thoughts highlighting the literal means of production, thinking he’s re-bunking capitalism. Dude, I think you need to update your priors.