Libertarian Scot

Explaining about the intentions people have and consequences that people often overlook or may never acknowledge relative to economics and political issues such as freedom of speech.

Powered by Restream https://restream.io/ A response on capitalism relative to monopolies, privatisation, regulation, etc.

A discussion with a friend on what is going on in Hong Kong and the relationship with China as things currently stand. Covering a variety of topic issues, such as the assassination attempts, the downfall of classical liberal economics in Hong Kong and much more.

Kyle Kulinski has the typical anti-capitalist/anti-Libertarian mentality where he assumes that Libertarianism must mean there are no rules and everything is a free for all. In their mindset, only the existence of government can regulate, however, as you will see, Kyle completely ignores the fault of government for problems on the roads. In fact, he goes as far as to completely exonerate the government of the blame and acts like the governments regulation is the great saviour. In my argument, whilst his argument may sound reasonable regarding the Ford Pinto example, he ignores the principle of it that the consumer should have the freedom to choose. If anything significantly reduces the death toll on the roads it would be down to a free market as Kyle Kulinski completely overlooks the problems created through government mismanagement. In this video, I point out the reasoning for such government negligence, which you can see from the potholes, etc and why private roads would improve due to the risk-reward nexus. This correlates with the argument on the Ford Pinto as it would significantly reduce road accidents. *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Kyle Kulinski has the typical anti-capitalist/anti-Libertarian mentality where he assumes that Libertarianism must mean there are no rules and everything is a free for all. In their mindset, only the existence of government can regulate, however, as you will see, Kyle completely ignores the fault of government for problems on the roads. In fact, he goes as far as to completely exonerate the government of the blame and acts like the governments regulation is the great saviour. In my argument, whilst his argument may sound reasonable regarding the Ford Pinto example, he ignores the principle of it that the consumer should have the freedom to choose. If anything significantly reduces the death toll on the roads it would be down to a free market as Kyle Kulinski completely overlooks the problems created through government mismanagement. In this video, I point out the reasoning for such government negligence, which you can see from the potholes, etc and why private roads would improve due to the risk-reward nexus. This correlates with the argument on the Ford Pinto as it would significantly reduce road accidents. *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Refuting ShortFatOtaku on Universal Healthcare is something I felt needed to be done, it is slightly different from other healthcare arguments I have responded in the past, however, ShortFatOtaku makes the argument of a more mixed model making the baseless claim that in the absence of such regulation, the market would fail. In this video I covered briefly on the myth of perfect competition; the flawed argument of healthcare being inelastic; the failure of universal healthcare and why using the main American healthcare market today is a very poor example to try and critique the free market in healthcare. As I have addressed many times before, there are two healthcare systems in the United States today, one being the main American healthcare market, which I've addressed before covering why American healthcare costs so much, you can check that video here: https://www.youtube.com/watch?v=SHR7FlRrhAU You can also check out my other video where I cover on the Direct Primary Care model: https://www.youtube.com/watch?v=V-c2uPAoh4Q Having firsthand experience of the NHS, born and brought up in Scotland, a 5 million populated country, I can tell you that universal healthcare is not all that is cracked up to be. Whilst other universal healthcare systems in Europe may not be performing as bad as the NHS, such healthcare systems are still outlined with similar problems. Like I've argued numerous times before, without the information of profits and losses, there is no possible chance for anything to operate efficiently, especially ShortFatOtaku's argument of price regulation to price cap profits, as he puts it. Not only would this result in widespread shortage problems, again, it misallocates resources and as I've proven, healthcare is most certainly not inelastic and cannot escape the economic reality of scarcity. You can also watch Stephen Kinsella on Intellectual Property where he covers the issues the market is faced with regarding patents: https://www.youtube.com/watch?v=cWShFz4d2RY&t=399s • Introduction: (0:00) • Market Failure Claim: (0:44) • Perfect Competition Myth: (2:17) • Lack of Regulation Claim: (3:36) • Absence of Care: (4:58) • Healthcare Not Inelastic: (6:08) • Reasons For Limited Supply: (9:52) • Free Market Solution: (11:01) • IP Monopoly Myth: (13:34) • Perfect Knowledge Myth: (15:26) • Waste Destroys Reputation: (16:19) • Private vs Universal Insurance: (18:19) • Universal vs Main American Healthcare: (20:55) • Resource Misallocation: (21:59) • Repetitive Costs Argument: (24:58) • Deregulated Claim: (26:19) • Profits Cap Destruction: (27:02) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Refuting ShortFatOtaku on Universal Healthcare is something I felt needed to be done, it is slightly different from other healthcare arguments I have responded in the past, however, ShortFatOtaku makes the argument of a more mixed model making the baseless claim that in the absence of such regulation, the market would fail. In this video I covered briefly on the myth of perfect competition; the flawed argument of healthcare being inelastic; the failure of universal healthcare and why using the main American healthcare market today is a very poor example to try and critique the free market in healthcare. As I have addressed many times before, there are two healthcare systems in the United States today, one being the main American healthcare market, which I've addressed before covering why American healthcare costs so much, you can check that video here: https://www.youtube.com/watch?v=SHR7FlRrhAU You can also check out my other video where I cover on the Direct Primary Care model: https://www.youtube.com/watch?v=V-c2uPAoh4Q Having firsthand experience of the NHS, born and brought up in Scotland, a 5 million populated country, I can tell you that universal healthcare is not all that is cracked up to be. Whilst other universal healthcare systems in Europe may not be performing as bad as the NHS, such healthcare systems are still outlined with similar problems. Like I've argued numerous times before, without the information of profits and losses, there is no possible chance for anything to operate efficiently, especially ShortFatOtaku's argument of price regulation to price cap profits, as he puts it. Not only would this result in widespread shortage problems, again, it misallocates resources and as I've proven, healthcare is most certainly not inelastic and cannot escape the economic reality of scarcity. You can also watch Stephen Kinsella on Intellectual Property where he covers the issues the market is faced with regarding patents: https://www.youtube.com/watch?v=cWShFz4d2RY&t=399s • Introduction: (0:00) • Market Failure Claim: (0:44) •Perfect Competition Myth: (2:17) • Lack of Regulation Claim: (3:36) • Absence of Care: (4:58) • Healthcare Not Inelastic: (6:08) • Reasons For Limited Supply: (9:52) • Free Market Solution: (11:01) •IP Monopoly Myth: (13:34) • Perfect Knowledge Myth: (15:26) • Waste Destroys Reputation: (16:19) • Private vs Universal Insurance: (18:19) • Universal vs Main American Healthcare: (20:55) • Resource Misallocation: (21:59) • Repetitive Costs Argument: (24:58) • Deregulated Claim: (26:19) • Profits Cap Destruction: (27:02) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Why the Left hate liberty is all down to their contradiction of what liberty means. Whilst Second Thought thinks freedom is a Left-Wing idea, he completely ignores that collectivism is predicated on coercion, infringing upon individuals rights and liberty by subordinating both to force them into the collective. I re-iterate the point and you will never get a rational response to this question: if the state withered away, how on earth are they to keep private ownership out of sight from ever returning without such an entity that would act as an overseer over a large population? Truth is, they wouldn't be able to.I must also note that Second Thought, among many others, erroneously believe that if you privatise, it must mean it is only affordable for the rich, therefore, in his flawed belief, this means the lack of freedom. Second Thought likes to make many baseless claims about capitalism, especially about capitalism. He doesn't comprehend a contractual agreement is voluntary and continues referencing today's economy and the lack of opportunity, continuously parroting such nonsense like in his previous arguments, which he never accounts for all of the government intervention that created such a problem. His belief that individuals would be able to have the freedom of leisure and to pursue what they wish to do under socialism is complete distortion of everything socialism stands for. Typical of socialists, they completely redefine the entire meaning of socialism and bastardise the entire meaning of communal ownership to fit it around individualism which makes no rational sense. *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Why the Left hate liberty is all down to their contradiction of what liberty means. Whilst Second Thought thinks freedom is a Left-Wing idea, he completely ignores that collectivism is predicated on coercion, infringing upon individuals rights and liberty by subordinating both to force them into the collective. I re-iterate the point and you will never get a rational response to this question: if the state withered away, how on earth are they to keep private ownership out of sight from ever returning without such an entity that would act as an overseer over a large population? Truth is, they wouldn't be able to.I must also note that Second Thought, among many others, erroneously believe that if you privatise, it must mean it is only affordable for the rich, therefore, in his flawed belief, this means the lack of freedom. Second Thought likes to make many baseless claims about capitalism, especially about capitalism. He doesn't comprehend a contractual agreement is voluntary and continues referencing today's economy and the lack of opportunity, continuously parroting such nonsense like in his previous arguments, which he never accounts for all of the government intervention that created such a problem. His belief that individuals would be able to have the freedom of leisure and to pursue what they wish to do under socialism is complete distortion of everything socialism stands for. Typical of socialists, they completely redefine the entire meaning of socialism and bastardise the entire meaning of communal ownership to fit it around individualism which makes no rational sense. *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

In this video, refuting Adam Something, I tackle his erroneous argument claiming 'Right Libertarianism', whatever the hell that is, is somehow fascism. Adam Something, like the typical socialist, labels many on the 'far-right' but as I point out, he contradicts himself. His claims that such people he labels 'far-right' oppose government, but to associate with fascism is the complete opposite of that. As I have argued numerous times before, I don't argue based on Left versus Right, purely because the Left have manipulated the spectrum, so much so, it becomes pointless trying to argue with them on it. Instead, forcing the argument onto individualism and collectivism puts them on the spot, pure and simply because, fascism, among every other ideology/system, bar capitalism, falls under collectivism. Capitalism is the only system that falls under individualism and the definitions are very clear. One cannot irrationally claim that people who support capitalism are fascists given everything fascism stands for is the complete opposite of capitalism. It's ridiculous that I have to make such an argument, as it should be obvious, unfortunately, this is the case. Libertarianism is Libertarianism, whether speaking about the social policies or on the economy, Libertarianism contradicts everything fascism represents as the state controls every aspect of people's lives under fascism. Somehow, Adam Something seems to manage to correlate the obsession over skin colour to do with Libertarianism and his erroneous claims that the likes of Richard Spencer could be passed off as 'Libertarian' or that they call themselves 'Libertarian,' is ridiculous. Again, just because people call themselves something, doesn't make it true, like a socialist who attempts to call themselves Libertarian, no such thing exists. You cannot strip an individual of their rights and liberty and then call oneself a Libertarian because it is a logical contradiction. • Introduction: (0:00) • Name Fallacy: (0:37) • Explaining the GOP: (0:53) • Left-Right Paradigm: (1:23) • Listing Names: (2:33) • Mislabelling: (4:24) • Personal Responsibility: (5:15) • Charity vs Theft: (6:07) • Affirmative Action Myth: (7:07) • Welfare Damage: (8:51) • Free Market Assertion: (10:31) • Today's Economy: (11:09) • Can't Make His Mind Up: (12:36) • Opportunities: (13:36) • White Nationalism Claim: (16:23) • Systemic Changes: (16:51) • Conceding He Is the Problem: (17:53) • Corporatism NOT Capitalism: (18:35) • Libertarian Concession: (19:41) • Why Capitalism is NOT Coercive: (21:36) • Anticapitalism: (22:34) • Libertarianism Being Fascism Claim: (24:05) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

In this video, refuting Adam Something, I tackle his erroneous argument claiming 'Right Libertarianism', whatever the hell that is, is somehow fascism. Adam Something, like the typical socialist, labels many on the 'far-right' but as I point out, he contradicts himself. His claims that such people he labels 'far-right' oppose government, but to associate with fascism is the complete opposite of that. As I have argued numerous times before, I don't argue based on Left versus Right, purely because the Left have manipulated the spectrum, so much so, it becomes pointless trying to argue with them on it. Instead, forcing the argument onto individualism and collectivism puts them on the spot, pure and simply because, fascism, among every other ideology/system, bar capitalism, falls under collectivism. Capitalism is the only system that falls under individualism and the definitions are very clear. One cannot irrationally claim that people who support capitalism are fascists given everything fascism stands for is the complete opposite of capitalism. It's ridiculous that I have to make such an argument, as it should be obvious, unfortunately, this is the case. Libertarianism is Libertarianism, whether speaking about the social policies or on the economy, Libertarianism contradicts everything fascism represents as the state controls every aspect of people's lives under fascism. Somehow, Adam Something seems to manage to correlate the obsession over skin colour to do with Libertarianism and his erroneous claims that the likes of Richard Spencer could be passed off as 'Libertarian' or that they call themselves 'Libertarian,' is ridiculous. Again, just because people call themselves something, doesn't make it true, like a socialist who attempts to call themselves Libertarian, no such thing exists. You cannot strip an individual of their rights and liberty and then call oneself a Libertarian because it is a logical contradiction. • Introduction: (0:00) • Name Fallacy: (0:37) • Explaining the GOP: (0:53) • Left-Right Paradigm: (1:23) • Listing Names: (2:33) •Mislabelling: (4:24) •Personal Responsibility: (5:15) • Charity vs Theft: (6:07) •Affirmative Action Myth: (7:07) • Welfare Damage: (8:51) • Free Market Assertion: (10:31) • Today's Economy: (11:09) • Can't Make His Mind Up: (12:36) • Opportunities: (13:36) • White Nationalism Claim: (16:23) • Systemic Changes: (16:51) • Conceding He Is the Problem: (17:53) • Corporatism NOT Capitalism: (18:35) • Libertarian Concession: (19:41) • Why Capitalism is NOT Coercive: (21:36) • Anticapitalism: (22:34) • Libertarianism Being Fascism Claim: (24:05) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

In this video, debunking Sam Seder on Milton Friedman, he touches upon the argument of self-interest. Here I refute his argument by explaining why there was such growth in defence of self-interest which largely stems from the division of labour. As I have argued many times before, self-interest is part and parcel of human nature and social cooperation through self-interest is precisely what resulted in a harmonious society that resulted in such prosperity. The same cannot be said for the very societies that lead in the opposite direction, which is exactly what the great Milton Friedman was pointing out. Without the self-interest through such division of labour, society would never be able to sustain itself and would result in mass starvation. Here, I also explain comparative advantage that illustrates regardless of how skilled someone may be, it illustrates such importance on the division of labour, without it, society leads to chaos and conflict, which most certainly does not result in a prosperous society. This all closely correlates to the problems faced under socialism with the communal ownership of property, the absence of private property results in the free rider problem and starvation. • Market vs Government: (0:00) • Social Cooperation Explained: (2:15) • Division of Labour: (3:55) • Flawed Comparison: (8:49) • False Prosperity: (9:23) • Free Stuff Isn't Free: (10:25) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

In this video, debunking Sam Seder on Milton Friedman, he touches upon the argument of self-interest. Here I refute his argument by explaining why there was such growth in defence of self-interest which largely stems from the division of labour. As I have argued many times before, self-interest is part and parcel of human nature and social cooperation through self-interest is precisely what resulted in a harmonious society that resulted in such prosperity. The same cannot be said for the very societies that lead in the opposite direction, which is exactly what the great Milton Friedman was pointing out. Without the self-interest through such division of labour, society would never be able to sustain itself and would result in mass starvation. Here, I also explain comparative advantage that illustrates regardless of how skilled someone may be, it illustrates such importance on the division of labour, without it, society leads to chaos and conflict, which most certainly does not result in a prosperous society. This all closely correlates to the problems faced under socialism with the communal ownership of property, the absence of private property results in the free rider problem and starvation. • Market vs Government: (0:00) •Social Cooperation Explained: (2:15) • Division of Labour: (3:55) • Flawed Comparison: (8:49) • False Prosperity: (9:23) • Free Stuff Isn't Free: (10:25) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Robert Reich, being the typical socialist, seems to believe there might be an economic collapse for irrational reasons, namely supposed "wealth inequality." In this video I refute this nonsense with more detail regarding statistics that contradict such an erroneous claim that there has been wage stagnation in the United States. This myth is so pervasive and is something socialists use all the time, yet, no matter how often they are told that it's a myth, they persist on spreading such nonsense, no different to the industrial revolution. As I've argued before, socialists are not interested in real world solutions to problems, the truth doesn't interest them, which is why they find the truth so offensive and will try and argue against it emotionally at every given turn. This is because their agenda for their religious ideology means more to them than anything. Seeing that the rich have been getting richer and poor have been getting richer, for whatever reason, angers them. You would think for any normal healthy minded person they would think that's a great thing, but for socialists, they find that deeply upsetting. Robert Reich is just a long list of socialists perpetuating this myth and continues to spout such nonsense on the causal effects of the Great Depression and Banking Crisis of 2008. As I have addressed many times before, his solutions to the problem, were actually the main cause for why the crisis had occurred, which is the very reason why we ended up in this mess to begin with. Marxists and Keynesians alike are obsessed over controlling the economy, which is why in the name of Keynesian pump priming you saw the interests rates being artificially kept low causing the boom and bust cycle. You can watch my video I explained on the 2008 Financial Crisis here: • https://www.youtube.com/watch?v=FCHahZ2e6kU I also covered the Great Depression briefly: • https://www.youtube.com/watch?v=82dH_7S22Mw • Inequality Explained: (0:00) • Wage Stagnation Myth: (1:13) • Top 1% Myth: (6:12) • Defining Wealth: (6:24) • Face of a Cronyist: (7:26) • Costs of Living: (8:27) • The Real Debt: (9:20) • A Reallocation of Spending: (10:00) • Cause of Booms and Busts: (10:23) • Government Expenditure: (11:19) • Erroneous Inequality Claim: (11:50) • The Great Depression Myth: (12:15) • 2008 Financial Crisis Myth: (14:04) • Conclusion: (17:32) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Refuting Robert Reich on the minimum wage is not difficult when one understands the laws of supply and demand relative to the labour market and employer relationship. I have explained why minimum wage should not be raised numerous times with the same argument against the likes of Thought Slime and even Second Thought. Robert Reich seems ignorant of the fact that business owners simply find ways around the higher minimum wage by compensating for paying out the higher wage. Like I stated and I reiterate, the wage of the employee is the price to the employer and an employer has to ensure that the value for what they're getting is greater than the cost. To elaborate, an employer will not hire someone for $15/hr to flip $5 burgers because they aren't worth that, the cost of $15/hr doesn't justify flipping $5 burgers. Like I've mentioned before, in the laws of supply and demand relative to wages, entry level workers are in large supply, therefore, there is low demand from employees, it is an entirely different story when companies have to compete for skilled-labour. This is why socialists can't understand for the life of them why a top professional sports player gets paid thousands, but a doctor or nurse gets paid much less. Regardless of how often it fails and has failed, they will never listen. Only when it is already too late and people are left in a desperate state will people listen. *California Town Sees Businesses Vanish Following Minimum Wage Hike:* https://fee.org/articles/california-town-sees-businesses-vanish-following-minimum-wage-hike/ *$15 Minimum Wage Laws Are Wiping Out Jobs in New York and Illinois:* https://fee.org/articles/15-minimum-wage-laws-are-wiping-out-jobs-in-new-york-and-illinois/ *Why McDonald’s Gave Up the Minimum Wage Fight:* https://fee.org/articles/why-mcdonald-s-gave-up-the-minimum-wage-fight/ *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Robert Reich, being the typical socialist, seems to believe there might be an economic collapse for irrational reasons, namely supposed "wealth inequality." In this video I refute this nonsense with more detail regarding statistics that contradict such an erroneous claim that there has been wage stagnation in the United States. This myth is so pervasive and is something socialists use all the time, yet, no matter how often they are told that it's a myth, they persist on spreading such nonsense, no different to the industrial revolution. As I've argued before, socialists are not interested in real world solutions to problems, the truth doesn't interest them, which is why they find the truth so offensive and will try and argue against it emotionally at every given turn. This is because their agenda for their religious ideology means more to them than anything. Seeing that the rich have been getting richer and poor have been getting richer, for whatever reason, angers them. You would think for any normal healthy minded person they would think that's a great thing, but for socialists, they find that deeply upsetting. Robert Reich is just a long list of socialists perpetuating this myth and continues to spout such nonsense on the causal effects of the Great Depression and Banking Crisis of 2008. As I have addressed many times before, his solutions to the problem, were actually the main cause for why the crisis had occurred, which is the very reason why we ended up in this mess to begin with. Marxists and Keynesians alike are obsessed over controlling the economy, which is why in the name of Keynesian pump priming you saw the interests rates being artificially kept low causing the boom and bust cycle. You can watch my video I explained on the 2008 Financial Crisis here: •https://www.youtube.com/watch?v=FCHahZ2e6kU I also covered the Great Depression briefly: • https://www.youtube.com/watch?v=82dH_7S22Mw • Inequality Explained: (0:00) • Wage Stagnation Myth: (1:13) •Top 1% Myth: (6:12) • Defining Wealth: (6:24) •Face of a Cronyist: (7:26) • Costs of Living: (8:27) • The Real Debt: (9:20) •A Reallocation of Spending: (10:00) • Cause of Booms and Busts: (10:23) • Government Expenditure: (11:19) • Erroneous Inequality Claim: (11:50) •The Great Depression Myth: (12:15) • 2008 Financial Crisis Myth: (14:04) • Conclusion: (17:32) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Refuting Robert Reich on the minimum wage is not difficult when one understands the laws of supply and demand relative to the labour market and employer relationship. I have explained why minimum wage should not be raised numerous times with the same argument against the likes of Thought Slime and even Second Thought. Robert Reich seems ignorant of the fact that business owners simply find ways around the higher minimum wage by compensating for paying out the higher wage. Like I stated and I reiterate, the wage of the employee is the price to the employer and an employer has to ensure that the value for what they're getting is greater than the cost. To elaborate, an employer will not hire someone for $15/hr to flip $5 burgers because they aren't worth that, the cost of $15/hr doesn't justify flipping $5 burgers. Like I've mentioned before, in the laws of supply and demand relative to wages, entry level workers are in large supply, therefore, there is low demand from employees, it is an entirely different story when companies have to compete for skilled-labour. This is why socialists can't understand for the life of them why a top professional sports player gets paid thousands, but a doctor or nurse gets paid much less. Regardless of how often it fails and has failed, they will never listen. Only when it is already too late and people are left in a desperate state will people listen. *California Town Sees Businesses Vanish Following Minimum Wage Hike:* https://fee.org/articles/california-town-sees-businesses-vanish-following-minimum-wage-hike/ *$15 Minimum Wage Laws Are Wiping Out Jobs in New York and Illinois:* https://fee.org/articles/15-minimum-wage-laws-are-wiping-out-jobs-in-new-york-and-illinois/ *Why McDonald’s Gave Up the Minimum Wage Fight:* https://fee.org/articles/why-mcdonald-s-gave-up-the-minimum-wage-fight/ *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

The myth of automation and capitalism is another common myth claimed by anticapitalist critiques to claim that capitalism is destroying the job market and will lead to widespread unemployment. In this video, debunking Second Thought, I touch upon the relation between the changing job market of how a market changes and adapts, as well as on the myths about the industrial revolution. As usual, Second Thought likes to make baseless claims, especially when it comes to the wealth gap between the rich and poor, instead, projecting the blame off onto automation and capitalism. What I didn't touch upon, and maybe should have, is the law of diminishing returns, which is something that could influence job losses, especially for people using machines, they only have a certain capacity of output in production, therefore, only a certain number of workers can use machines before there is a drop off point if exceeding the number of people using one machine. This argument would closely correlate with the manufacturing more specifically during the manual labour days of the industrial revolution and even in circumstances today as not everything is automated. However, even for the myth of automation, more jobs are being created than those lost, again, socialists really only look at one side of things, they don't acknowledge the jobs being created. Second Thought also repeatedly likes to attempt to pass off today's economy as somehow being strongly capitalist, when, in reality, it is corporatist. The free market is not involved and like I've mentioned, if anything is to blame for the soaring consumer prices, it is to blame on a variety of factors, such as; welfare and social security spending; more specific to Great Britain with the _"free"_ services, that are not actually free; the higher tax rates and over-regulation of the private sector, among other things. This explains why there is a problem in the market today, however, does not change or hide the fact that a higher level of productive output benefits the consumer through falling consumer prices. • introduction: (0:00) • Ever Changing Market: (0:14) • Case for Human Labour: (1:35) • Projectionism: (2:26) • A Concession of Improvement: (3:04) • Industrial Revolution Poverty Myth: (3:42) • Capitalism vs Socialism: (4:56) • Political vs Market Entrepreneurship: (5:34) • Industrial Revolution Living Standards: (6:12) • Fall of Workweek Hours: (8:26) • Myth of Safety Regulation: (10:07) • Exploitation Myth: (11:00) • Undermining Wages Myth: (11:56) • Today is No Different: (12:26) • Benefits of Efficiency: (13:35) • Costs of Living: (14:07) • Wealth Gap Myth: (14:41) • Myth of Free Market Monopolies: (16:07) • Great Funding Problem: (16:53) • Tragedy of the Commons: (18:59) • Economic Calculation Problem: (21:01) • Scarcity is Real: (22:03) • Ignorance of Profits: (22:40) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

The myth of automation and capitalism is another common myth claimed by anticapitalist critiques to claim that capitalism is destroying the job market and will lead to widespread unemployment. In this video, debunking Second Thought, I touch upon the relation between the changing job market of how a market changes and adapts, as well as on the myths about the industrial revolution. As usual, Second Thought likes to make baseless claims, especially when it comes to the wealth gap between the rich and poor, instead, projecting the blame off onto automation and capitalism. What I didn't touch upon, and maybe should have, is the law of diminishing returns, which is something that could influence job losses, especially for people using machines, they only have a certain capacity of output in production, therefore, only a certain number of workers can use machines before there is a drop off point if exceeding the number of people using one machine. This argument would closely correlate with the manufacturing more specifically during the manual labour days of the industrial revolution and even in circumstances today as not everything is automated. However, even for the myth of automation, more jobs are being created than those lost, again, socialists really only look at one side of things, they don't acknowledge the jobs being created. Second Thought also repeatedly likes to attempt to pass off today's economy as somehow being strongly capitalist, when, in reality, it is corporatist. The free market is not involved and like I've mentioned, if anything is to blame for the soaring consumer prices, it is to blame on a variety of factors, such as; welfare and social security spending; more specific to Great Britain with the _"free"_ services, that are not actually free; the higher tax rates and over-regulation of the private sector, among other things. This explains why there is a problem in the market today, however, does not change or hide the fact that a higher level of productive output benefits the consumer through falling consumer prices. • introduction: (0:00) • Ever Changing Market: (0:14) • Case for Human Labour: (1:35) • Projectionism: (2:26) • A Concession of Improvement: (3:04) • Industrial Revolution Poverty Myth: (3:42) • Capitalism vs Socialism: (4:56) • Political vs Market Entrepreneurship: (5:34) • Industrial Revolution Living Standards: (6:12) • Fall of Workweek Hours: (8:26) • Myth of Safety Regulation: (10:07) • Exploitation Myth: (11:00) • Undermining Wages Myth: (11:56) • Today is No Different: (12:26) • Benefits of Efficiency: (13:35) •Costs of Living: (14:07) • Wealth Gap Myth: (14:41) • Myth of Free Market Monopolies: (16:07) • Great Funding Problem: (16:53) • Tragedy of the Commons: (18:59) •Economic Calculation Problem: (21:01) • Scarcity is Real: (22:03) • Ignorance of Profits: (22:40) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

As I covered before, the subjective theory of value is what determines what price will be, in relation to the laws of supply and demand. Why nothing is overpriced is because it is the subjective value, whether other people agree with it or not. PoliDice tries to use the erroneous argument on healthcare, but completely ignores the fact that the reason for such soaring costs in the main American healthcare market is all down to governments interference that resulted in a collusion between private pharmaceutical companies. Even then, such as his example of a hurricane disaster, he fails to comprehend the purpose of the higher price that he confuses with _'price gouging.'_ That isn't to say there won't be specific individuals who take advantage of such a situation, but such an individual rations what is scarce, therefore, the resource reaches those most urgently in need. The water and diamonds paradigm is the prime example of why people who believe in the labour theory of value don't understand where value derives from. To reiterate, those who believe in the Labour Theory of Value think value is down to use value, but such a thing doesn't explain why diamonds are of a higher price and value over that of water, despite water having greater utility. Much like I pointed out previously, PoliDice makes baseless claims about the Austrian school of economics whilst showing a great deal of snobbery and ignorance of the philosophical approach and its importance in relation to human action. The economics he holds up as being the great intellectuals, such as, Paul Krugman, was not only wrong about Canadian healthcare, but woefully wrong on his predictions of the banking crisis. In fact, it was caused by Keynesian 'pump priming'. • introduction: (0:00) • The 'Name' Attempt: (0:21) • Defence of FEE: (0:43) • Funding Argument: (1:27) • Austrian vs Mainstream Economics: (1:47) • GDP calculation: (7:08) • More Empty Arguments: (7:27) • Prices and Radical Subjectivism: (8:27) • Supply and Demand: (11:33) • Big Pharma Collusion: (12:25) • Explaining Rationing: (14:20) • Water and Diamonds Paradigm: (15:26) • Purpose of Higher Prices: (17:33) • Conclusion: (18:25) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

As I covered before, the subjective theory of value is what determines what price will be, in relation to the laws of supply and demand. Why nothing is overpriced is because it is the subjective value, whether other people agree with it or not. PoliDice tries to use the erroneous argument on healthcare, but completely ignores the fact that the reason for such soaring costs in the main American healthcare market is all down to governments interference that resulted in a collusion between private pharmaceutical companies. Even then, such as his example of a hurricane disaster, he fails to comprehend the purpose of the higher price that he confuses with _'price gouging.'_ That isn't to say there won't be specific individuals who take advantage of such a situation, but such an individual rations what is scarce, therefore, the resource reaches those most urgently in need. The water and diamonds paradigm is the prime example of why people who believe in the labour theory of value don't understand where value derives from. To reiterate, those who believe in the Labour Theory of Value think value is down to use value, but such a thing doesn't explain why diamonds are of a higher price and value over that of water, despite water having greater utility. Much like I pointed out previously, PoliDice makes baseless claims about the Austrian school of economics whilst showing a great deal of snobbery and ignorance of the philosophical approach and its importance in relation to human action. The economics he holds up as being the great intellectuals, such as, Paul Krugman, was not only wrong about Canadian healthcare, but woefully wrong on his predictions of the banking crisis. In fact, it was caused by Keynesian 'pump priming'. • introduction: (0:00) • The 'Name' Attempt: (0:21) • Defence of FEE: (0:43) • Funding Argument: (1:27) • Austrian vs Mainstream Economics: (1:47) • GDP calculation: (7:08) •More Empty Arguments: (7:27) • Prices and Radical Subjectivism: (8:27) • Supply and Demand: (11:33) • Big Pharma Collusion: (12:25) • Explaining Rationing: (14:20) • Water and Diamonds Paradigm: (15:26) • Purpose of Higher Prices: (17:33) • Conclusion: (18:25) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

The idiots guide to housing crisis, a common argument you will hear from critiques of capitalism, the claim that the market somehow is the fault for why we're facing the housing bubble. I have Philosophy Tube debunked on the industrial revolution, as well as the erroneous claims that the market and crisis are one of the same thing. If you wish to learn more in-depth for why the 2008 financial crisis occurred, you can watch my video explaining the crisis here below. 2008 Financial Crisis: • https://www.youtube.com/watch?v=FCHahZ2e6kU As I have covered extensively in the past, capitalism is grossly misunderstood and Philosophy Tube illustrates just how ignorant he is of what the market is, his logic is upside down and contradictory. On one hand, himself and Mexie seem to acknowledge it means the market regulating itself, but on the other they seem ignorant of the control and manipulation of the interest rates that resulted in the boom and bust cycle throughout the 20th century. Again, this is something I have fully explained in the 2008 Financial Crisis video. Neither Philosophy Tube or Mexie seem to comprehend the laws of supply and demand, nor do they understand prices. Philosophy Tube proves this as he seems ignorant of the fact that an abundance of housing, if there was more than enough to go around, it would mean the price would fall, not drive up. Both of them illustrate the point I made that they seem to think they can just ignore the laws of supply and demand. It is important to address, E. P. Thomson, a British historian who was a strong critique of capitalism was forced into concession, in his own work, he wrote that the living conditions of the industrial townhouses were _"better off"_ and even emphasised the words _"better off"_ in quotes, than the hovels they came from living in the countryside fifty years prior to then. That marks the improvement of living standards. Yes, no one denies the living conditions were poor if you were to compare the living conditions then to today, which is simply irrational to make such a comparison, again, he seems ignorant of the fact Britain's industrial revolution was rife with mercantilism and as I've pointed out there was no market freedom but a history of subsidisation by the state. It's a bit like claiming there was a lack of government regulation in the industrial revolution in the United States, whilst that may be true, look at the countless companies that faced bankruptcy because of state intervention via internal improvements, which is another term for corporate welfare. In this video I lay bare the ignorance of not just the cause of the housing crisis briefly, but of what we're up against regarding history and the market, hopefully people can learn a thing or two as socialism most certainly is not the answer to solving our problems today. You can learn more about the damage subsidies caused below. Why Subsidisation Fails: • https://www.youtube.com/watch?v=koDKM9mYlic Free Market Monopolies Myth (Failure of Subsidies): • https://www.youtube.com/watch?v=Mxqf3b34fe8 • Introduction: (0:00) • Economic Trade Offs: (0:28) • World of Scarcity: (1:16) • Market versus Crisis: (2:06) • Supply and Demand: (4:29) • Explaining the Market: (8:31) • Industrial Revolution Living Conditions: (9:51) • Mexie's Contradiction: (13:21) • Idealism and Consequences: (16:02) • Anti-Market Caused the Crisis: (20:56) • Dictatorial Venezuela: (22:27) • British Industrial Growth: (23:59) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Refuting the Gravel Institute on American Socialism one could cover many things in detail, the socialist sympathisers who believe in absolutism would like to have you believe that socialism doesn't exist and that all of today's problems is the fault of capitalism. As I've pointed out, this simply is not true as things are down to a question of scale. Socialists cannot, on one hand, preach to you that the _"unfettered"_ or _"unregulated"_ market caused such a crisis, but then, on the other hand, contradict themselves claiming that capitalism is to blame for things such as the control and manipulation over interest rates, prices, etc. Capitalism is either the market left to regulate itself or it isn't, it can't be both. Given the presence of socialism within the mixed economy and even to a varying degree in the economy to some extent during the industrial revolution, as I've pointed out, socialism does correlate to such things like the government subsidies, etc. Whilst the Gravel Institute concede to some extent that there was a socialist upheaval in the late 19th century, they conveniently ignore the fact the battle between capitalism and socialism dates as far back as the foundation of the United States with the difference between the Jeffersonian's and Hamiltonian's. The Gravel Institute on American Socialism seem to think that the Scandinavian countries are shining examples for socialism, much like that of Bernie Sanders, with the usual rhetoric about universal healthcare, free education, etc. However, like Bernie Sanders, they completely ignore the consequences it has on their economy. Socialists fail to understand the Broken Window Fallacy, that just because something appears free from face value, they ignore what has been taken away elsewhere to make way for paying for it. As I noted before, Sweden is the perfect example for this with a real unemployment rate that is 3 times higher than the official unemployment figures, an unsustainable economy with a severe lack of productivity in their domestic economy, but somehow passed off as these successful countries. Sweden illustrates what happened as a result of socialism and if anything, the Scandinavian countries were rolling back on their socialist policies for good reason. American Socialism is just farcical, socialism has caused enough damage as it has in the American economy and clearly that isn't enough for these people. They acknowledge the debt crisis and soaring inflation, but cannot see they are the reason this problem occurred. • Where it all Began: (0:00) • European Socialism: (2:01) • American Rejectionism: (4:38) • The Community Spirit: (6:47) • American Labour Movement: (8:02) • Rise of the Strikers: (9:09) • Fleeing Socialism: (10:22) • Taking a Stand: (11:10) • Subsidisation is Socialism: (12:18) • Unintended Consequences of Socialism: (13:05) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

Refuting the Gravel Institute on American Socialism one could cover many things in detail, the socialist sympathisers who believe in absolutism would like to have you believe that socialism doesn't exist and that all of today's problems is the fault of capitalism. As I've pointed out, this simply is not true as things are down to a question of scale. Socialists cannot, on one hand, preach to you that the _"unfettered"_ or _"unregulated"_ market caused such a crisis, but then, on the other hand, contradict themselves claiming that capitalism is to blame for things such as the control and manipulation over interest rates, prices, etc. Capitalism is either the market left to regulate itself or it isn't, it can't be both. Given the presence of socialism within the mixed economy and even to a varying degree in the economy to some extent during the industrial revolution, as I've pointed out, socialism does correlate to such things like the government subsidies, etc. Whilst the Gravel Institute concede to some extent that there was a socialist upheaval in the late 19th century, they conveniently ignore the fact the battle between capitalism and socialism dates as far back as the foundation of the United States with the difference between the Jeffersonian's and Hamiltonian's. The Gravel Institute on American Socialism seem to think that the Scandinavian countries are shining examples for socialism, much like that of Bernie Sanders, with the usual rhetoric about universal healthcare, free education, etc. However, like Bernie Sanders, they completely ignore the consequences it has on their economy. Socialists fail to understand the Broken Window Fallacy, that just because something appears free from face value, they ignore what has been taken away elsewhere to make way for paying for it. As I noted before, Sweden is the perfect example for this with a real unemployment rate that is 3 times higher than the official unemployment figures, an unsustainable economy with a severe lack of productivity in their domestic economy, but somehow passed off as these successful countries. Sweden illustrates what happened as a result of socialism and if anything, the Scandinavian countries were rolling back on their socialist policies for good reason. American Socialism is just farcical, socialism has caused enough damage as it has in the American economy and clearly that isn't enough for these people. They acknowledge the debt crisis and soaring inflation, but cannot see they are the reason this problem occurred. • Where it all Began: (0:00) • European Socialism: (2:01) • American Rejectionism: (4:38) • The Community Spirit: (6:47) • AmericanLabour Movement: (8:02) • Rise of the Strikers: (9:09) • Fleeing Socialism: (10:22) • Taking a Stand: (11:10) • Subsidisation is Socialism: (12:18) • Unintended Consequences of Socialism: (13:05) *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM

The myth of late stage capitalism is something you commonly hear among countless many spreading the erroneous claims that somehow today's economy is capitalist. I've reiterated numerous times before that we do not live under a capitalist system, but a mixed economy. As I've addressed, late stage capitalism is merely just an attempt to pretend socialism isn't present, therefore to exonerate socialism of the blame for today's economic problems and to project the blame off onto capitalism. The argument of late stage capitalism comes with the usual myths about capitalism, whether it is about the wealth gap between the rich and poor; the famous automation myth that apparently is destroying the demand for human workforce, or that the economy is plunging towards collapse complaining about climate change and soaring private sector costs and the serious debt crisis. What they don't tell you, however, not only was none of this to blame on capitalism, but it had everything to do with their socialist government interventionism in the economy. Whilst I can sympathise there is a problem with today's economy, they concede by acknowledging the fact capitalism is about the market regulating itself. A big concession given the fact they claim they live under late stage capitalism. The truth is, they wish to project the blame off onto capitalism, thus, to further the agenda of socialism. In this particular video I don't go into too much detail as I have already covered a lot of the stuff contradicting the narrative they spout, however, what this video illustrates is the anticapitalist mentality and the problem with their erroneous arguments. *Follow Me on Social Media:* • Facebook: https://www.facebook.com/LibertarianViewsScottyM • Twitter: https://twitter.com/ScottCJMcKelvie • Parler: https://parler.com/#/user/LibertarianViewsScottyM • Gab: https://gab.com/LibertarianScot • Minds: https://www.minds.com/LibertarianScot/ • MeWe: https://mewe.com/i/scottmckelvie • WordPress Blog: https://libertarianviewswithscottym.wordpress.com/ • LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6 • Rumble: https://rumble.com/c/c-390494 • BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/ *You can also support me here on Patreon:* https://www.patreon.com/LibertarianViewsScottyM