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Capitalism vs. Socialism

Capitalism vs. Socialism

Decades after industrialism appeared to have actually overcome socialism, political leaders are once more suggesting concerning the qualities as well as downsides of these opposing financial systems. Why are we still having this argument? Andy Puzder, previous Chief Executive Officer of the moms and dad business of Hardee’s as well as Carl’s Jr., clarifies the false impressions that maintain the argument active. Donate today to Prager U! Check out Andy Puzder’s publication ‘TheCapitalist Comeback: The Trump Boom as well as the Left’s Plot to Stop It”: To see the manuscript, resources, test, as well as research overviews, browse through SEE Prager U! GetPrager U benefit material free of charge! JoinPrager United to obtain brand-new boodle every quarter, unique very early accessibility to our video clips, as well as a yearly To wnHall telephone call with Dennis Prager! JoinPrager U’s message listing to have these video clips, cost-free product free gifts as well as damaging statements sent out straight to your phone! Do you go shopping on Amazon? Click as well as a portion of every Amazon acquisition will certainly be given away to Prager U. Same wonderful items. Same small cost. Shopping made purposeful. FOLLOW us! Facebook: Twitter: Instagram: Prager U gets on Snapchat! SIGN UP WITH Prager REQUIRE! ForStudents: JOIN our Educators Network! Script:. Capitalism versus socialism. We can summarize each financial system in one line:. Capitalism is based upon human greed. Socialism is based upon human requirement. Right? NoWrong So incorrect, it’s specifically in reverse. And I’ll confirm it to you. Been on Amazon recently? Each of the countless items Amazon provides stands for the job of individuals that think they have something you desire or require. If they’re right, they flourish. If they’re incorrect, they do not. That’s exactly how the free enterprise jobs. It urges individuals to boost their lives by pleasing the demands of others. No one begins an organisation making a point or offering a solution on their own. They begin an organisation to make points or give solutions for others. I talk from individual experience. When I was the Chief Executive Officer of the business that possesses Carl’sJr as well as Hardee’s dining establishment chains, we invested countless bucks each year attempting to identify what consumers desired. If our consumers really did not such as something, we transformed it– as well as quickly, due to the fact that if we really did not, our rivals would certainly (word play here planned) consume us for lunch. The customer– that’s you– has the utmost power. In result, you elect with every buck you invest. In a socialist economic situation, the federal government has the utmost power. It determines what you receive from a minimal supply it determines must exist. Instead of countless individuals making countless choices concerning what they desire, a couple of individuals– federal government elites– determine what individuals must have as well as just how much they must spend for it. Not remarkably, they constantly obtain it incorrect. Have you ever before discovered that late-stage socialist failings constantly lack important products like bathroom tissue? Of program, this isn’t an issue for those that have the ideal links with the ideal individuals. Those picked couple of obtain whatever they desire. But every person else runs out good luck. Venezuela, when the wealthiest nation in South America, is one of the most current instance of socialism driving a thriving nation right into a financial ditch. Maybe you assume it’s an unjust instance. I’m unsure why, however alright. We’ll overlook the reality that leftist protestors commemorated it as an excellent socialist success– ideal up till it had not been. But what concerning Western European nations? Don’t they have socialist economic climates? People appear rather delighted there. Why can not we have what they have– cost-free healthcare, cost-free university, more powerful unions? Good concern. And the solution might stun you. There are no socialist nations in WesternEurope Most are equally as capitalist as the UnitedStates The just distinction– as well as it’s a large one– is that they use extra federal government advantages than the UNITED STATE does. We can say concerning the expenses of these advantages as well as the factor at which they minimize specific campaign, hence doing even more damage than great. Scandinavians have actually been questioning those inquiries for many years. But just a free-market capitalist economic situation can create the wide range essential to suffer every one of the apparently “cost-free things” Europeans take pleasure in. To obtain the “cost-free things,” nevertheless, you need to develop sufficient wide range to create sufficient tax obligation earnings to spend for whatever the federal government distributes. Without industrialism, you’reVenezuela For the total manuscript, browse through
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Tim Kravchatsky - posted on September 24, 2019 6:01 am

Socialism is NOT the government owning all, that’s communism. Socialism is the people own the people’s need: housing and schooling; the only thing the government owns is the economic stability and the economic distribution. Excuse me if I am wrong but my point is that you’re wrong

cici XX - posted on September 24, 2019 1:17 pm

China integrates the advantages of socialism and capitalism. It's hard to say what kind of system it is.but you can not deny China is doing well

5thDawg - posted on September 24, 2019 1:19 pm

This is why Communism would work fine. Capitalism and Socialism always fail.

Bogdan Zivkovic - posted on September 24, 2019 1:39 pm

US embargo on Venezuela is like locking someone in a room and when they start starving you say that they are the ones responsible for their failure.

Ryder Wilson - posted on September 24, 2019 4:48 pm

I can't think of one true Capitalistic country where taxes are an all time low and their GDP is at the all time high
anyone can lighten me up and tell me about one single country like that?

Angel Acevedo García - posted on September 24, 2019 7:31 pm

Everything is correct except for the Venezuela part, everybody knows Venezuela is in the state it is because of USA's sanctions against it

947sophie - posted on September 24, 2019 10:39 pm

Capitalism has created socialism

Aazim Lakhani - posted on September 25, 2019 10:57 pm

I would like to hear what you think :

The problem is not with socialism. It's a philosophy & gives guidelines to run a society. The problem with countries mentioned above is that socialism was executed incorrectly. For instance, socialism does not encourage corruption. If the Venezuelan govt is corrupt you cannot blame socialism for that. Every one in the society shld have an equal opportunity. If someone wants more wealth & works for it, then that is their choice & they have to right to select that path.

Socialism was good when it was created. Our world today is much different & we need to adapt these principles to our current day n age.

Inika Inika - posted on September 26, 2019 9:25 am


James B - posted on September 26, 2019 7:34 pm

PragerU is garbage

Dell Extron - posted on September 27, 2019 2:10 am


Brayden Hamilton - posted on September 27, 2019 4:18 am

Europe isn’t socialist like America isn’t capitalist. That’s why you need to find a balance. has everyone forgot that the government already is the police, firemen, and hospitals? Why not healthcare and college. Do you like paying $1000 a month for healthcare, or $5000 a year for it.

Midhun Manu - posted on September 27, 2019 12:25 pm

Capitalism is better in case of korean peninsula

Art None - posted on September 27, 2019 3:19 pm

Someone think what Western european countries are socilistic? R they crazy?

Julian Schecter - posted on September 27, 2019 6:07 pm

Hey Andy, thanks for this! This is very educational, informative, and to the point! Capitalism is definitely the way to go for any country to prosper financially! I look forward to seeing more of your videos! You just earned a new subscriber! 🙂

Christian Schopp - posted on September 28, 2019 3:05 am

I wonder if the people who disliked this were trolling or mentally unstable

Mark L.earns - posted on September 28, 2019 9:44 am

I live in Slovenia, and on paper, we have "free health care". However, due to unsustainability and no healthy alternative/competition in the past, the state of health care is steadily but surely gone down since our independence in 1991. If I wanna go to the "free" doctor I schedule myself on time and still have to wait 1-2 hours to get my 15 minutes of consulting time with my chosen physician. The number of doctors willing to work in this system is diminishing – due to lower wages compared to private physicians and clinics, bad and obsolete administrative systems that are in place force public (and to a lesser degree private) doctors to spend enormous amounts of time doing paperwork, instead of helping people, and so on …

We are already transitioning to a position and I think our government is always considering unloading more financial burden on taxpayers, to support this government-controlled and failing health care.

Luckily alternatives are coming up and for the same money (a monthly subscription of around 25€) you can get access to a private clinic with friendly (because they aren't stressed and working 12-hour shifts) staff, which in my case did its job in 3 minutes of wait time, providing excellent service in which I enjoyed my visit to two different clinics on two occasions – dental imaging and dental service (at which the initial and lengthy/attentive assessment was for FREE!!!). The procedures cost the same and/or less than in public dentistry, mind you.

Alex Ivkovic - posted on September 29, 2019 2:11 am

Yugoslavia was a pretty good socialist economy?

Anthony Gage - posted on September 29, 2019 11:43 am

The biggest problem with capitalism is that while we have robust economic expansion and reduced unemployment, the richest 1%, at the end of the day, gain far more from all these than the rest 99%.

Reach McReach - posted on September 29, 2019 10:05 pm

Again, a misleading portrayal of a Socialist economy in which the evil government controls everything. Yeah, you don't complain about government control when they invade South American countries with your publicly funded Armed Forces. Hypocrites

Arrosin - posted on September 30, 2019 1:45 am

you are not making for others, but for THEIR MONEY!

Victor Chugunov - posted on September 30, 2019 11:12 pm

What about Anarch-Socialism huh? Please explain that

arun kulu - posted on October 1, 2019 4:28 am

socialism suporters like here

Jacob Hartmann - posted on October 2, 2019 2:41 am

Capitalism (where the means of production and distribution are privately, rather than publicly, owned) is a system in which:
1. Scarcity is more profitable than abundance.
2. War is profitable.
3. Environmental destruction is profitable.
4. Materialism and stupidity are profitable.
5. Greed is highly valued and highly rewarded.
6. Everybody competes to exploit each other more.
7. Everything and everyone is a commodity with a dollar value.
8. Rich people can buy mansions, fancy cars, and private jets.
9. Poor people can starve.
10. Empathy is not profitable.
11. Psychopaths are the most profitable corporate employees.
12. Planned obsolescence is profitable.
13. Free energy is not profitable.
14. Petroleum is profitable.
15. Nuclear power is profitable.
16. Mindless workers who act like robots are profitable.
17. Intelligent, caring people are not profitable.
18. Humanitarianism is not profitable.
19. Activists who oppose oppression are not profitable.
20. Prisons are profitable.
21. Pharmaceuticals are (very) profitable.
22. Sick people are profitable.
23. Healthy people are not profitable.
24. Democracy is not profitable.
25. Freedom and self-determination are not profitable.
26. Human dignity is not profitable.
27. Wealth and power are centralized into the hands of a few.
28. A few criminal elites dictate policy for everyone else.
29. Rich people are usually born rich and stay rich.
30. Poor people are usually born poor and stay poor.
33. Inequality is the foundation of the system.
34. Truth is not profitable.
35. Lies are profitable.
36. Human values are corrupted towards materialism.
37. Control of the money supply itself is centralized.
38. More debt than money is created every day.
39. A debt scam is used to enslave the world, especially the poor.
40. Earth is being obliterated by war and environmental destruction.

There is absolutely no good argument for capitalism at this point. Those who make excuses for capitalism based on their own comfort and privilege are the beneficiaries of an incredibly destructive and inhumane system.

Approximately 30,000,000 people die each year from starvation, malnutrition, and preventable disease, and approximately half are children. Although the resources exist to care for these people, the global economic system does not permit them access to the necessities of life. People in the Third World are robbed daily of their livelihoods by Western imperialism. Imperialism is the primary form of oppression in the world today, and it is a byproduct of the capitalist greed system.

The level of environmental destruction for corporate profit is unprecedented, and the integrity of the planetary ecosystem is threatened. It is VERY obvious that the corporate elites have no qualms about destroying the lives of millions and destroying the planet for their own profit.

Supporting capitalism now means selling out the lives of future generations. If we do not get rid of capitalism and replace it with a humane, intelligent alternative then we are certainly doomed as a species.

alek m - posted on October 2, 2019 2:52 pm

Venezuela has been a socialist successe since it went socialist

Rocketman0 Ggglog - posted on October 2, 2019 4:25 pm

Thank you sir for telling the truth

TEB TheCommunist! - posted on October 3, 2019 7:17 am

This video made me genunely hate the person presenting these claims, and the claims even more.

Yogle Sothoth - posted on October 3, 2019 3:21 pm

Ayn Rand. Capitalism. Individualism. Selfishness.

Juan Pennisi - posted on October 3, 2019 9:01 pm

Free market and small government that cares only about health. Health of the people and health of the market. This means laws against monopoly and manipulation.

moldy bread 666 - posted on October 3, 2019 10:25 pm

really ironic how he's saying that capitalism is better when he's a dirty rich CEO

EF ANDMK - posted on October 5, 2019 5:00 am

The Political and Economic systems are not on a linear line. They are on a circle. Imagine a circle. Maximum freedom with peace and order are at the bottom of that circle. Fascism, Nationalism, Oligarchy, Totalitarianism are at the top. If you move too far to the left OR the right, you end up in the same place. Though not called by these names, most societies in history have been either Socialist or Oligarchical. Or Founding Fathers, believe it or not, envisioned America as a Socialist society. (Thus, the commonly owned property…. roads, bridges, parks, etc, the Post Office, Public Schools etc.), Socialism is a type of economy not a governmental type as is Capitalism. Capitalism was not even invented until the late 19th century, and usually morphs into Oligarchy, as it seems to be now in the US. Hope I offset some misinformation.

Robert Barocas - posted on October 5, 2019 3:44 pm

The vice of capitalism is unequal distribution of wealth, the inherent virtue of socialism is the equal distribution of misery

John Alexander - posted on October 5, 2019 4:33 pm

This is what America fails to realize time and time again, the rich in our nation have socialism and the poor in our nation have capitalism.

Brendan ODonnell - posted on October 6, 2019 12:47 am

Bernie Sanders is now saying we need to look at good socialist countries like Norway, like Denmark, like Sweden. First of all, those countries r capitalist countries. Also, Bernie Sanders was saying the same about Venezuela and now look at Venezuela bc of socialism

Di0guardi - posted on October 6, 2019 1:08 pm


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