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Why Capitalism Works

Why Capitalism Works


Cultural representations of industrialism are nearly all unfavorable. There’s the Monopoly man with the stovepipe hat as well as stogie. There’s Gordon Gekko stating, “Greed is great.” And, most just recently, there’s the indulgence of the “Wolf of Wall Street”. The message is clear: industrialism is self-centered. Socialism, or something like it, is generous. In truth, the reverse holds true. Renowned social doubter George Gilder provides this surprising understanding: industrialism, at its core, is initially an expression of selflessness; that is, of providing. An business owner can just be successful by pleasing a consumer’s demand. This is why industrialism, as well as just industrialism, can produce the success that all cultures long for as well as why all various other financial prescriptions are destined failing. Donate today to Prager U! http://l.prageru.com/2ylo1Yt. JoiningPrager U is cost-free! Sign up currently to obtain all our video clips as quickly as they’re launched. http://prageru.com/signup. DownloadPragerpedia on your apple iphone or Android! Thousands of resources as well as realities within your reaches. apple iphone: http://l.prageru.com/2dlsnbG. Android: http://l.prageru.com/2dlsS5e. JoinPrager United to obtain brand-new boodle every quarter, special very early accessibility to our video clips, as well as a yearly TownHall telephone call with Dennis Prager! http://l.prageru.com/2c9n6ys. JoinPrager U’s message checklist to have these video clips, cost-free goods free gifts as well as damaging news sent out straight to your phone! https://optin.mobiniti.com/prageru. Do you go shopping on Amazon? Click https://smile.amazon.com as well as a percent of every Amazon acquisition will certainly be given away to Prager U. Same excellent items. Same small cost. Shopping made purposeful. BROWSE THROUGH Prager U! https://www.prageru.com. FOLLOW us! Facebook: https://www.facebook.com/prageru. Twitter: https://twitter.com/prageru. Instagram: https://instagram.com/prageru/. Prager U gets on Snapchat! SIGN UP WITH Prager REQUIRE! ForStudents: http://l.prageru.com/29 SgPaX. JOIN our Educators Network! http://l.prageru.com/2c8vsff. Script:. Now nobody challenges that all financial systems mirror the innate self-concern of humans. But just industrialism produces a team of individuals, called business owners, that have no option yet to problem themselves with the requirements as well as wishes of others. These others are their clients. Few economic experts, nevertheless, in fact research the actions of these business owners, the imaginative leaders of capitalist organisations. If they did, they would certainly uncover that business owners by the actual nature of what they do need to reject greed. First as well as leading, replying to others is the extremely contrary of greed. Second, greed, in the financial ball, is usually shared as the prompt intake of products as well as solutions. I get what I can without respect for others. But business owners need to start by conserving, which is specified as abandoning intake to attain long-lasting objectives. Often it takes months, often several years to bring a brand-new services or product to market. Furthermore, business owners need to team up with others, constructing groups to attain their goals. In creating their products as well as solutions, they need to– once more– concentrate out their very own requirements yet on the requirements of others. This, also, is the reverse of greed. So, what business owners do when they look for earnings is much more than self-involvement. Rather, earnings is an action of exactly how well a business has actually offered others. Under industrialism, a service flourishes just if clients willingly trade for its outcome. For the full manuscript, see https://www.prageru.com/videos/why-capitalism-works.
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41 COMMENTS

Stephen Anderson - posted on March 23, 2019 5:53 am

I have a product you may want, you may give me , a trade or money. Transaction complete. Nope, taxes and Regs.

FusionOmni - posted on March 23, 2019 7:59 am

Venezuela did everything in Marx's communist manifesto, far better than any other socialist country, but it still failed. Capitalism is far from perfect, but it's the most effective system so far. Until we find a better way to do this, we're best off sticking with what works best.

Rafael Wilks - posted on March 24, 2019 10:56 pm

PragerU should not be trusted at all. Only the One, Holy, Catholic, and Apostolic Church has the authority to speak on this subject, specifically in Rerum Novarum (Leo XIII) and Quadragesimo Anno (Pius XI).

http://w2.vatican.va/content/leo-xiii/en/encyclicals/documents/hf_l-xiii_enc_15051891_rerum-novarum.html

http://w2.vatican.va/content/pius-xi/en/encyclicals/documents/hf_p-xi_enc_19310515_quadragesimo-anno.html

Kost Tzan - posted on April 2, 2019 5:13 pm

Before he even starts talking I can see the evil thoughts on this man's face. What can I say? It's easy to find a fascist just by the looks

All Uptodate - posted on April 6, 2019 8:16 am

Anyone from 2019 ???

nickthekiller3 - posted on April 8, 2019 4:51 pm

The needs and desires of others? Bull schitt!

Yama Zakura - posted on April 10, 2019 2:22 am

Capitalism works as long as there is room for expansion of markets. However, the size of the planet Earth is finite, therefore …

Lurking Seal - posted on April 24, 2019 11:41 am

Capitalism makes everyone accountable for themselves. The state removes accountability and responsibility. The state only cares power and votes.

Chop's Edumacation - posted on May 9, 2019 10:25 am

This is 100% false. It misrepresents almost everything that is is mentioned. Entrepreneurs ABSOLUTELY DO NOT work on a basis of altruism. Most entrepreneurs become entrepreneurs and start businesses to take care of themselves and their families. Sure, they have to have enough concern for their customers to get them to buy whatever the business makes or provides – but beyond that – they try to gather as much wealth to themselves and the shareholders of the company as they can.
Socialism, on the other hand, is entirely based on people working together for the benefit of all – there is no business owner as in capitalism – the means of production and the machinery belong to the workers. The workers and citizens are responsible for being involved in hiring any management and are also extremely involved in and responsible for the organization of the society, and whatever government the citizens choose to have.
THE FORMER SOVIET UNION, CHINA, NORTH KOREA AND ANY OTHER CURRENT COMMUNIST COUNTRIES ARE NOT SOCIALIST!! They are combinations of dictatorships, oligarchies, monarchies, with elements of capitalism and VERY SLIGHT FORMS OF SOCIALISM – USUALLY APPLIED IN AN OPPRESSIVE MANNER TO KEEP THE GENERAL POPULATION SUBJUGATED.
True bottom – up socialism has only been tried (and was very successful) in Spain in the mid 1930s.

CHARREDCHARLIE 44 - posted on May 9, 2019 7:57 pm

Communism doesn’t work but neither does capitalism,
Can’t we just go back to Indian days? I wanna shoot a bear with an arrow and eat it with my other 15 siblings.

Jack James - posted on May 24, 2019 5:46 am

Lmao pure propaganda

sundiii99OWS - posted on May 26, 2019 3:59 pm

But Capitalism is slavery! The wage is a tiny temporary wage is wrong because anyone can get too sick to ever work again! And not only can we never create enough jobs to end poverty, we also can’t stop the way automation will eliminate all work! Every person should have a Guaranteed Residual Income, or TEDx says Universal Basic Income (UBI). We must end capitalism because it’s slavery, and very wrong.

sundiii99OWS - posted on May 28, 2019 4:08 am

All we have to do is say unequal wealth started thousands of years ago, and we should end it today. It’s evil to let a few rich people own everything and then say “If you want MY food you have to BUY it!” And if they can’t get a job or money they starve to death! 36 million every year! The rich people did NOT WORK to earn their wealth to buy food or companies! Most INHERITED all of it! Some of the world’s richest people are children who never worked! Unequal wealth started thousands of years ago so we should end it by deleting all money, because it’s mostly just numbers in computers. Tell people they must work 20 hours a week or go to prison for 6 months. And build only Tower cities connected to maglev Trains. Then we could start eliminating most of the work, because that will change the way everything is done.

sundiii99OWS - posted on May 29, 2019 4:56 am

Entrepreneurialism is a capitalist MYTH because most fail within 6 years through no fault of one’s own! They just couldn’t SELL enough of whatever. They worked hard to save enough to start their own business, then are usually forced to RENT a storefront from a corporation, and lose it all. “When one business fails a whole string of other businesses fail… They don’t get paid vacations or paid sick leave or free healthcare! And most people who say they want to usually wake up to the risks and don’t!

Joseph Stalin - posted on May 30, 2019 3:03 am

This is false.

Tom Williams - posted on June 2, 2019 4:25 pm

There are over 2000 people who have watched this video that want what Venezuela has. One way tickets for these people would be a great investment for our country.

Radha Krishna Ramagiri - posted on June 3, 2019 6:21 am

Your explanation made me self worthy. I feel very glad. Rk Entrapruner

silvio d'alessio - posted on June 4, 2019 8:22 pm

of course capitalism gives people what they NEED, otherwise why would advertisements be so widespread? oh, wait….

sundiii99OWS - posted on June 11, 2019 6:21 am

Help destroy capitalism by not buying anything from rich corporations or rich people.

Vassili Ivanov - posted on June 22, 2019 6:22 pm

I saw recently this crap as online advertisement multiple times. Somebody is trying to sell capitalism to me. Probably capitalism is in a deep shit.

Capitalist Crusader.1 - posted on June 29, 2019 8:50 am

Round 1
Marxist Collectivist: being under a Bureaucratic or a

Totalitarian state that decides everything for you or a disorganized mob rule
where the majority oppress the minority on economical decisions and where you
live and what goods you consume is decided upon a "Council" or peers
that may hate you and wish the worst for you and you are incapable of starting
an industry Because everything is either planned by Government Bureaucrats or a
Anarchic council of unmotivated workers which are interested in nothing more
than maximizing rations/pay and minimizing work is WAAAAAAY better than workers
choosing what industry to work in or if they have good ideas they can employ
people in order to create more jobs and wealth. Capitalist Individualist: What
if we do a class project together and my mates and I are going to ignore you
because we are the majority and we decide how the rewards are distributed and
lets see how you think of ANARCHO-DEMOCRATIC-ANTIFASCIST-COMMUNISM after our
"fair" treatment of you. Capitalist Individualist: Wait… I do want
to exploit others and reap the Rewards… I mean "Distribute" wealth.

Teacher: We are having a class project structure based on ANARCHO-DEMOCRATIC-ANTIFASCIST-COMMUNISM
and you are paired up with Capitalist Individualist and his friends.

Marxist Collectivist:

NOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOO!

sundiii99OWS - posted on July 6, 2019 9:32 pm

Entrepreneurialism under capitalism is a gigantic myth! Most fail after 6 years, through no fault of their own! Read Ferdinand Lundberg “The Rich And The Super Rich!” Most people want to work for either the government or corporations because they think it gives job security, but when they get too sick to ever work again they get fired, and lose everything, including healthcare, so just when they need lots more money they have NO INCOME! All people should own all things worldwide obviously, because it’s the only way for freedom! The wage is slavery and illegal, and the cause of world poverty! USA has been forcing every attempt at Socialism/communism (all people own all things) to fail by starting wars, assassinations, teaching torture, and many more evil things, and label it “humanitarian aid”! There never should have been any unequal wealth, it started thousands of years ago, but NOW we can have EQUAL WEALTH because most money is just numbers in computers, so we can delete it, and end world poverty! Then all nations will work part time building only Tower cities connected to maglev Trains, because that’s the only way we’ll save the EARTH! Eliminate every vehicle, house and small buildings!

Moe's Misdemeanors - posted on July 14, 2019 6:26 am

Glory to the Motherland comrades

Rafael Wilks - posted on July 18, 2019 8:14 am

PragerU is not to be taken seriously for a moment. Only the One, Holy, Catholic, and Apostolic Church is qualified to speak on this subject.

http://w2.vatican.va/content/leo-xiii/en/encyclicals/documents/hf_l-xiii_enc_15051891_rerum-novarum.html

http://w2.vatican.va/content/pius-xi/en/encyclicals/documents/hf_p-xi_enc_19310515_quadragesimo-anno.html

Riley1 C - posted on July 18, 2019 3:56 pm

0:18 like when they charge hundreds of dollars for medications that people need to live

kingPin - posted on July 20, 2019 3:19 pm

How is it not greed if u start wars for economic growth and oil

Mr. P - posted on July 28, 2019 10:16 pm

The comments are filled with cringe tier capitalists

Sigma Geranimo - posted on July 30, 2019 7:37 am

Our capitalist world is basically one Giant Shopping mall. what do you expect ? and our economy is base on the lost of meaning of life.

Breezy Goat - posted on August 4, 2019 6:09 am

Shoutout gorge this is real shit

Alan Parson - posted on August 5, 2019 7:41 am

When you are stupid, you vote for Socialism.
When you are not stupid, you vote for Capitalism.

cool goggles kid - posted on August 14, 2019 4:39 pm

“Why capitalism works” said the billionaires

_New_World_ Marxist_ - posted on August 28, 2019 9:35 pm

Come talk to me when the stock market crashes and the world uses up it's resources

Valtv2 - posted on September 4, 2019 2:37 pm

capitalism is bad
communism is bad
fascism is ok
strasserism is 5/5

Chen Sun - posted on September 5, 2019 8:18 pm

This is a rhetorical twist of wording. Adam Smith describes the Invisible Hand as the method whereby one's pursuit of selfish goals results in a larger pie. Author here suddenly twists the selfish goals as to an ethical virtue–serving others. This is simply not what greed means. Second, it is simply untrue that only capitalism produces entrepreneurs. Many non-capitalist countries also have entrepreneurs. It's also untrue that only entrepreneurs have to serve others. A corporate employee also has to serve others. Third, author describes entrepreneur as preserving and investing capital through self-discipline, investments. Again, this is a distortion of meaning. A businessman (of any kind) job is to expand value of capital. So, any good businessman self disciplines and invests capital. But, a good businessman understands also how to take away from others' value created, and many businessmen do such. Businessmen's bad reputation stems from a skillful businessman ruthlessly taking away from others as well; hence, the author is distorting word meanings of businessman or entrepreneur.

Hella Fitzgerald - posted on September 18, 2019 5:31 am

man this sucks shit this dude is like 400 years old we should tax billionaires

Hamish Mctavish - posted on September 23, 2019 10:35 am

#commietrudeaumustgo

Heath Watts - posted on September 24, 2019 9:33 pm

Here is an excellent response to this video: https://youtu.be/jFCRYgNIV4o

thekape - posted on September 29, 2019 2:00 am

1.5x

Димитър Иванов - posted on October 1, 2019 8:32 am

I mean have you seen glorious Capitalism in countries like Bulgaria Albania Moldova Somalia Burkina Faso Burundi Cambodia Central African Republic Chad thanks to the glorious Capitalism!

Starvin Marvin - posted on October 4, 2019 11:00 am

But should we evolve past it? Yes.

Bible with Becky - posted on October 5, 2019 1:19 am

This is put so well! I don't think I've ever heard the concept put quite this concisely and clearly. And yes, often the most selfless people I have known were entrepreneurs. They really wanted to help others grow and succeed. "We rise by lifting others."


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