Libertarian Scot

Bernie Sanders on Scandinavia and healthcare may sound reasonable to those who don't know much at all about Scandinavia and from face value, his arguments on healthcare may sound reasonable to those who don't understand the economics, however, one only needs to look into the economic history and economics of it to see why his arguments fall apart. Like I've argued before, in Bernie Sanders view, he thinks it is as simple as blaming private ownership erroneously claiming that profit-seeking is what leads to soaring costs, but as I've pointed out numerous times before, government intervention created the problem. Bernie Sanders on Scandinavia in of itself is deeply misinformed, Sweden alone had began moving much into the private sector and brought in private initiatives and even for their universal healthcare, as pointed out, they are free riding off the back of the United States for medical innovation, etc. Judging by socialists, if they were as wealthy as they claim they are, they'd be financing it themselves. In this video I show the glaring faults in their arguments by showing they have the soaring costs of living, which is a price signal, as I have mentioned, that illustrates a shortage. Bernie Sanders goes into many other topics in his interview with Vox, especially on wages, which is another thing Bernie Sanders on Scandinavia fails to comprehend. *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

Bernie Sanders on Scandinavia and healthcare may sound reasonable to those who don't know much at all about Scandinavia and from face value, his arguments on healthcare may sound reasonable to those who don't understand the economics, however, one only needs to look into the economic history and economics of it to see why his arguments fall apart. Like I've argued before, in Bernie Sanders view, he thinks it is as simple as blaming private ownership erroneously claiming that profit-seeking is what leads to soaring costs, but as I've pointed out numerous times before, government intervention created the problem. Bernie Sanders on Scandinavia in of itself is deeply misinformed, Sweden alone had began moving much into the private sector and brought in private initiatives and even for their universal healthcare, as pointed out, they are free riding off the back of the United States for medical innovation, etc. Judging by socialists, if they were as wealthy as they claim they are, they'd be financing it themselves. In this video I show the glaring faults in their arguments by showing they have the soaring costs of living, which is a price signal, as I have mentioned, that illustrates a shortage. Bernie Sanders goes into many other topics in his interview with Vox, especially on wages, which is another thing Bernie Sanders on Scandinavia fails to comprehend. Here are some more healthcare videos you may be interested in: • Why American Healthcare Costs So Much: https://www.youtube.com/watch?v=SHR7FlRrhAU • Direct Primary Care: https://www.youtube.com/watch?v=V-c2uPAoh4Q • Scandinavian Healthcare Debate: https://www.youtube.com/watch?v=grIfk2WYhho • Introduction: (0:00) • Describing Scandinavia: (0:33) • Wealth Redistribution: (3:06) • A Miscomprehension: (4:54) • Healthcare is NOT a Right: (5:27) •Health Insurance: (6:59) • Universal Healthcare Costs: (8:47) • State Education is Indoctrination: (9:15) • Free Isn't Free: (11:03) • Education Isn't a Right: (11:33) • Drug Access & Innovation: (12:03) • Moral Claim: (14:28) • Drug Regulation: (14:52) •Conclusion on Big Pharma: (15:41) *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. *Profits and Losses Explained:* • https://www.youtube.com/watch?v=mVbbFVKWdhI *Free Market Monopolies Myth—Refuting Robert Reich:* • https://www.youtube.com/watch?v=Mxqf3b34fe8 *2008 Financial Crisis Explained:* • https://www.youtube.com/watch?v=FCHahZ2e6kU • Introduction: (0:00) • Feudalism vs Capitalism: (0:52) • Late Capitalism Mentality: (1:44) •Cronyism NOT Capitalism: (2:20) • Wage Inequality Myth: (3:02) • A Mockery: (4:08) • Disingenuous Labelling: (4:47) • Individualism vs Collectivism: (5:21) • The Enemy Within: (7:09) • Taken Out of Context: (8:16) • Fallacious Employment Analogy: (9:55) • Profits & Environmentalism: (11:58) • Some Truth: (13:56) • The Crisis: (15:05) • Wolff's Hypocrisy: (16:20) • Soaring Costs: (16:52) • Concession and Lies: (17:39) • Wage Slavery Ignorance: (18:39) •Wolff's Contradiction: (21:31) • Ignorance of Wealth: (21:55) • The Gullible: (23:33) • Great Reset Scam: (24:18) • Automation Myth, AGAIN: (25:37) • Green, the NEW Red: (26:54) • Subconsciously Capitalist: (27:54) *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

A discussion on current events regarding the economic situation in Hong Kong and China relative to life after lockdowns, where Hong Kong is going and the affects China has on countries around it and the influence it has on Hong Kong's economic future. My friend Mike gives an interesting insight on the current events and the conflict taking place, as well as busting the myth of China and Russia's mythical alliance. You can also watch the first part I had in discussion with Mike on Hong Kong here: https://www.youtube.com/watch?v=jTcAVYuulQY

Debunking council communism is really just debunking communism itself. The theory of communism cannot be materialised as it is far removed from human nature and economic reality. The argument Viki 1999 tries to make is that through council communism they decentralise the economy, but this is a contradiction as I point out to that of communal ownership and everything to do with socialism. Decentralisation of the economy means to move away from collectivism towards individualism, in reference to capitalism with private individual ownership. Socialism, as I have pointed out so many times before, is defined around central planning and political centralisation. Like I've argued many times in the past, the goal towards reaching their utopia is faced with dire consequences. Viki 1999 who conceded in the past saying she supports using money and paying wages, the reality is, they'd be faced with not only hyperinflation, but in the process of trying to rid the economy of the private sector, the soaring inflation would result in strikes, etc. Her argument of council communism is based around the idea of democracy, but as we see in today's mixed economy, people may like to think of themselves as the power, but they would be forced to use central planning to keep a large scale economy and population all on the one page. Even then, as I've argued, stripping individuals of their rights and liberty means that what the collective dictates, the individual's needs and wants are subordinated, so the individual is forced to accept whatever the greater number decides. Again, I wouldn't need to go into the entire argument on communal ownership and personal ownership, even at that, her argument about holding onto the market is contradictory of socialism in general. Whilst the Soviet Union did have the market to some extent, it was heavily centrally planned as I argued. For anyone to call the Soviet Union capitalist is downright ignorant and quite frankly ludicrous. • Introduction: (0:00) • Road to Serfdom (0:19) •Leninism and the Real World: (2:30) • Centralised Bureaucracy: (3:57) •Decentralisation Contradiction: (4:55) • The Hierarchy: (5:55) • Market Contradiction: (8:18) • Their Real Intent: (9:41) •Same Thing: (11:15) • Soviet Union Capitalism Claim: (12:03) • Collectivist Conflict: (13:21) *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 charity debate all boils down to a question whether people believe that charity is capable of providing for those in need, or whether you require government coercion to redistribute wealth. As I've pointed out numerous times before, from the moral perspective, there is nothing moral about theft and coercion. The arguments by socialists are completely unfounded, much like the rest of the claims they make on the argument between the free market vs government intervention. I have debunked PoliDice previously on the argument of healthcare and didn't feel the need to go further into that argument. The argument regarding the free market vs government intervention relative to charity is very similar to the claims socialists make that without government taxation, you wouldn't have such services, which is proved to be completely false given the history that contradicts that narrative, no different to charity itself. Here you will find why American healthcare costs so much: • https://www.youtube.com/watch?v=SHR7FlRrhAU The Direct Primary Care model which contradicts his narrative: • https://www.youtube.com/watch?v=V-c2uPAoh4Q A brief history on the Great Depression and the New Deal: • https://www.youtube.com/watch?v=82dH_7S22Mw • Introduction: (0:00) •Taxation is Theft: (0:29) • Present Problem: (1:28) •Costs of Education: (3:28) •Public Services and Healthcare: (5:31) • Conservatives and Warfare: (8:01) • Conservatives and Charity: (8:53) •Libertarians and Charity: (10:15) •Unfounded Claims in Crisis: (14:04) •Lack of Faith: (15:36) • Conclusion: (17:08) *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

Powered by Restream https://restream.io/ Explaining the Gas Shortage 2021 Crisis with price ceilings, why they create price shortage problems and on the panic buying relative to consumer behavioural patterns.

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

The myth about privatisation today is very common, sadly it is not only common among Marxists, but also many who support the mixed economy and it is a pervasive myth that many people buy into. In this video, debunking Robert Reich on the truth about privatization, I cover briefly why it is an erroneous argument, and his argument pretty much illustrates my point. The argument about the public railways, bridges, canals, roads proved to be a disastrous failure under the internal improvements because of government, as I have pointed out on the turnpike industry, the free market gave government a showing up in the absence of the corporate subsidies, etc. As I argue, however, the type of privatisation you are seeing today is nothing at all what describes true private ownership, instead, it's a private sector strongly being controlled by government. As I've already illustrated, there is a colossal difference between true private ownership where private business is left be to compete rigorously in the absence of the government subsidies and government regulation. You can check out my argument on why the subsidisation is damaging to the economy. Why Subsidies Don't Work: •https://www.youtube.com/watch?v=koDKM9mYlic Robert Reich illustrates the point about the subsidisation carried out under Trump, however, this is not an argument against privatisation as he thinks it is, instead, it's a problem involving the government subsidies to blame in the first place. Failure of private business is supposed to occur under capitalism to allow newer more efficient industry to come through, this is something socialists fail to comprehend. Capitalism, therefore, is not about guaranteeing 100% of all businesses success. He also makes a concession not to privatise industry where costs will soar in the absence of competition, but fails to acknowledge the fact that government regulation is the cause of this, therefore, nationalisation is not the solution, the solution is to remove government from the market and open up the free market to allow competition to step in via strong deregulation of the market. As I've pointed out numerous times before, the main American healthcare market is NOT capitalist and the fault of the costs soaring out of control in the main American healthcare market is to blame on all the government intervention. You can watch both my videos covering the healthcare. Why American Healthcare Costs So Much: • https://www.youtube.com/watch?v=SHR7FlRrhAU Direct Primary Care: Free Market Solution to Healthcare: •https://www.youtube.com/watch?v=V-c2uPAoh4Q USPS Privatisation: • https://fee.org/articles/its-time-to-privatize-the-united-states-postal-service/ •https://fee.org/articles/the-postal-service-is-the-problem-not-amazon/ • https://mises.org/library/usps-cursed-carriers • Introduction: (0:00) • Turnpikes: Private vs Public: (1:04) • Public Education is Indoctrination: (4:08) • What Type of Privatisation: (4:43) • Subsidies ARE the Problem: (5:17) • Investment and Profits: (6:19) • Unity and the USPS: (7:51) • For Profits and Health Insurance Costs: (9:02) • Prisons and Human Rights: (11:29) • Education Choice Removed: (12:16) • Deregulation is the Solution NOT Nationalisation: (13:02) *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

There are countless monopoly myths when it comes to the argument relative to capitalism. Critics of capitalism love to blame capitalism for why you are seeing monopoly-like prices as giant corporations seek to consolidate more wealth and power within this corporatist system and drive prices up, however, as I point out debunking Robert Reich, he fails to acknowledge the clear distinction between market entrepreneurs and political entrepreneurs. Robert Reich being the typical socialist sympathiser, he perpetuates the myth of the Robber Barons, laying accusation as others have before him that the likes of John D. Rockefeller, Cornelius Vanderbilt, among others, apparently were these evil monopolists who drove prices up to shaft the consumer. The evidence I have pointed out even from Thomas J. DiLorenzo's book, 'How Capitalism Saved America' contradicts his narrative, especially on the railways regarding James J. Hill, etc. Like I have stated, it is down to governments regulation that has resulted in the restriction of competition and of productivity that has enabled such an oligopolistic market and certain monopolies. Like I argued, the likes of Robert Reich love to loosely throw around the word 'monopoly' which is wrong, otherwise, the word begins to lose meaning. I have explained the definition, as well as provided plentiful evidence to back up what contradicts his baseless claims. Coincidentally, after Standard Oil was broken up, among other Trusts in 1911, that was when you began to see the real monopolisation of the oil market, etc as prices drove up, just as Tom Woods mentioned about FDR, it was in their interests 'apparently' in the name of making life better for the farmers, but it didn't. It is evidently clear that state corruption had its agenda. This will help explain why Antitrust law legislation is never the answer for solving such problems you see today. The solution is to get government out of the market, to open up the free market economy, to allow competition to step in. In today's corporatist system, as I've argued, the government is getting to pick and choose winners and losers, which explains why big corporations dominate the marketplace, especially the giant supermarkets who are getting away with exploiting and shafting the farmers. All of this has been allowed due to government over-regulating the private sector that enabled such collusions to form in the absence of a free market. People like Robert Reich are ludicrous for thinking more government regulation is the solution when that has been the problem from day one. • Introduction: (0:00) • Market vs Political Entrepreneurship: (0:47) • Shafting Consumers: (4:52) •Supermarket Exploitation: (7:36) •Robber Barons Myth: (8:27) •Corporatism NOT Capitalism: (10:07) •Government Regulation is THE Problem: (11:08) •Monopolisation of Healthcare: (11:40) •Company Consolidation: (13:14) •Wages and Inflation: (13:56) • Real Rationale of Antitrust: (14:46) •Robber Barons Myth Continued: (15:28) •Antitrust Myth: (17:30) • Conclusion: (20:37) *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

Debunking anti capitalism is something I find myself doing all too often with BreadTube spread across YouTube with countless myths you hear about capitalism, whether it is arguments on the environment, booms and busts, housing and healthcare costs, etc, there is never a shortage of content out there making such baseless claims and assertions about capitalism. In this particular video I respond to, however, Saint Andrewism makes the claim that the typical Anti Capitalism you see today isn't good enough, instead, he calls for revolutionary change, something less passive. Little does he even begin to understand, his ideas were tried before many a times in the past and many lost their lives as a result of it. Saint Andrewism gives away several concessions, which, to be fair, is at least more honest than other socialists who try to swerve past such things. Saint Andrewism, much like other socialists, make the claim that capitalism is responsible for such environmental damage and waste, as always, socialists like to speak a lot whilst saying very little and providing no rational solution in the process. Much like other socialists, Saint Andrewism has a black and white picture worldview of produce, as if clothing is one entity, as well as food, completely overlooking the fact there are thousands of different options and with society all having different tastes from one another, he fails to account for how socialism will direct production for such a vast market of consumers. Saint Andrewism is a "Libertarian Socialist" (yes, I know, oxymoronic) whom concedes violence is their only option. This concession illustrates why socialists are very dangerous, not only do they lead society down a very dark road of oppression and severe economic impoverishment, they lead to mass graves. I wonder where we saw that in history again? • Introduction: (0:00) • Responsibility: (1:03) • Vague Anti Capitalism: (1:25) •Defining Capitalism: (2:05) • His Dishonesty: (3:02) •Defining Social Democracy: (3:28) • Neoliberal Myth: (4:01) • Human Nature: (4:37) • Wealth Explained: (5:56) • Monopolies Explained: (6:33) • Private vs Public: (8:20) •Profits and Waste: (9:50) • Market vs Political Entrepreneurship: (10:48) • Prager U Name: (11:36) • Violence Concession: (12:04) •The BIG State Concession: (13:16) *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

Something you will find a lot with socialists, they will hide behind things like pandemics and climate change in the name of trying to further their agenda of socialism. Whether it was the recent pandemic you saw the argument for the 'Great Reset' and we have been seeing more and more authoritarianism from governments since the end of lockdowns here in the U.K. Even the arguments on climate change you'll hear socialists bang off about how capitalism is the cause of their problems and how socialism is the solution. For anyone with their eyes open and aware, it is easy to see right through their entire agenda. They know they cannot win through the ballot box to push for socialism, instead, they attempt the strategy of scaremongering people to strike fear into people with propaganda, but really all they are arguing for is more control over the economy in the name of socialism. Capitalism is NOT the problem and never was the problem. I have pointed out numerous times before that if they wish to argue for helping the climate then the free market economy is the solution. Socialism being rife with the economic calculation problem, I have made those arguments numerous times before, which you can check out my videos that help explain why socialism is catastrophic, not just for the environment, but pandemics. Economic Calculation Problem on Profits and Losses: • https://www.youtube.com/watch?v=mVbbFVKWdhI Economic Calculation Problem Extended: • https://www.youtube.com/watch?v=Zjzofn0qzQ4 It was thanks to capitalism for all the medical discoveries, the vast improvement in our health and living standards, as well as the reduction of workweek hours which contradict the narrative spread on the pandemics and climate change. Capitalism is what led to the creation of the vaccines in such a short space of time, as well as getting the vaccinations out to as many people as possible. If anything is at fault it is the governments imposing all the restrictions on the market, slowing down the process, harming the economy and trampling all over people's individual rights and liberty.You can also check out my video on the financial crisis of 2008 that illustrates how erroneous their arguments are against capitalism relative to their baseless claims about deregulation having caused the banking crisis. Financial Crisis 2008 Explained: •https://www.youtube.com/watch?v=FCHahZ2e6kU • Introduction: (0:00) •Not Capitalism: (1:24) • The Environment: (2:32) • Life Before: (3:59) • Movement of People: (5:09) •Real Climate Crisis: (5:36) • Progress and Housing: (6:56) • Freedom to Choose: (7:52) • Economics Comes First: (8:41) • China's Growth: (9:43) •Misinformation: (11:21) • Social Market Economy: (11:48) • Vaccinations and Profits: (12:15) • Refuting Libertarian Socialism: (14:30) • Dishonesty: (15:39) • Delusional Idealism: (17:02) *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

Recently, after the old firm derby between Rangers and Celtic, there has been controversy flung around with 3 supporters who were given indefinite bans from attending games at Ibrox, as well as two said, from the Heart and Hand Podcast, to have been arrested. This fine example illustrates beautifully of how easy it is to take someone out of context and for someone to get arrested for things which aren't even remotely close to being anything racist, etc. A lot of people, unfortunately, do not understand the consequences that follow the actions of giving the state such power over regulating 'hate speech' and it seems with more and more authoritarian laws put into place like the hate crime bill, more people seem to be becoming more and more compliant about such important issues. Much like economic policy decision making, there are consequences for your actions, like the minimum wage, or the good intentions of this climate alarmism to reach net zero emissions. Unfortunately, with the loss of freedom of speech, one cannot challenge wrong ideas and it's liberty that enables a country to prosper, you most certainly will not find that from countries that lead in the opposite direction, which I argue, there aren't just the consequences of losing your individual rights, but it will reflect on the economy overall as well. I must note that racism and sectarianism is horrible, I'm sure many people have said wrong things we do not mean in the heat of the moment. By no means do I support any wrongdoing for what people say, but I reiterate the point of the importance of freedom of speech that just because I support freedom of speech, does not mean to say I support or agree with what someone may say. I do feel we are living in dangerous times which is why I speak out against this. As I've stated, it should be down to Rangers Football Club to make such decisions which one must respect. However, I would not be surprised if the actions Rangers are taking is partly to do with the pressure being imposed upon them from the authoritarian governance we're seeing today. As I've argued, move towards a free market, leave the market be and let companies regulate by their own decisions, never get the state involved. People don't bother to ask the questions of WHO gets to define what hate speech is, or HOW one defines hate speech. As I've noted, words mean different things to different people and how one may say something in specific given context, may be misinterpreted in different context to another person's perception of what is said. The consequences of giving the state such power over regulating 'hate speech' is that many innocent people end up being arrested, wasting police valuable time, resources and energy and time is scarce, it is vitally important, especially when they have to deal with more pressing issues. Is it any wonder that state-run police today are so incompetent? The example of Heart and Hand Podcast facing a full-scale onslaught from specific media and being investigated is wrong on so many levels and illustrates my point perfectly that it is so easy to offend people, all you need to do is say something that can be taken out of context, or even simply disagree with someone. We've been living under the economic element of fascism for decades, but more and more we are seeing the political elements of fascism creeping in by the year. It is greatly concerning and even if someone says something wrongly, I still stand by the position that it is their right to speak freely. How you deal with wrong speech is by challenging it with more speech, not less. It sets a dangerous precedent and, unfortunately, many people seem to be buying straight into that. *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 Cuban Protests has sparked numerous responses from socialists making up excuses trying to project the blame off onto the United States of America, I have debunked this argument before, but as was requested I decided to cover Second Thought on this argument. Second Thought does go off on a tangent about the problems in the United States today regarding their incarceration problems, as well as stuff related to do with Israel, which his arguments even then are very one-sided, I decided to leave that irrelevant stuff out. Instead, like I have addressed previously, some of what I have stated overlaps into this argument on the Cuban protests. Second Thought makes baseless claims about the protesters by simply translating signs they held and assumes that because the word 'revolution' is used, that this must mean they're protesting favourably for socialism and instead, targeting the U.S. for its embargo. Of course, it's a baseless assertion and far removed from the truth. You can watch my initial video covering the Cuban protests explaining about the trade issues and why such shortages occurred here: youtube.com/watch?v=F04SsAH33iY You can also check out Monolithic Ethos argument debunking communist myths of Cuban Democracy that illustrates their record of human rights violations: https://youtu.be/llxDKdZJymE As I have addressed before, the claims about the infant mortality rate, even his baseless claims about the literacy rate, this is even covered by Kristian Niemietz in his book _'Socialism: The Failed Idea That Never Dies.'_ As always, the likes of Second Thought parrot nonsense from the likes of Michael Moore, grow legs and run with it without looking further into detail, just like his baseless claims about exploitation, monopolies, waste, among other issues. Bearing in mind, folk, this is the same Second Thought who wishes to pay people wages, have, apparently, a better system that is more affordable, but wishes to get rid of the private sector which leaves him with the printing press. This proves how embarrassingly economically illiterate he is, but expects you to take him seriously when he doesn't even comprehend or pay attention to what price ceilings cause. Like always, socialists like Second Thought will always seek a scapegoat and the most popular scapegoat they love to use is the United States of America. *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 I refute Adam Something on the fatal flaw of free market capitalism. As always what you find are the baseless claims and assertions about capitalism, critiques always make such baseless claims without providing any real world examples to back up what they claim and Adam Something is really no different. From his made up scenario of being stranded on an island, to his baseless claims regarding totalitarianism comparing business owners to that of 17th century feudal lords illustrates how irrational Adam Something really is. It is every bit as infantile as the claim that working for a company owner equates to slavery, when in reality, it doesn't. I've illustrated in other videos proving that even throughout the 19th century, such history contradicts his fallacious claims which he tries to go down the usual route of claiming how 'exploitative' capitalism is without going into detail about his alternative, that's because the alternative is an absolute disaster that nobody in the right mind could defend to make argument for. It is important to reiterate the fact that without the ability for a private individual owner to own and run their own private business, there is no private individual ownership, therefore, no individual ownership. Complaining that a private company owner is the one who dictates how a business is run illustrates the ignorance of the likes of Adam Something, he completely ignores the fact the owner and creator of the business has his or her rights to have created the business in the first place and it is rightfully their own property. To lay claim that employees should have some right in how it is run is erroneous, after all, an employee is not employed for such reason and an employee becomes an employee through voluntary contractual agreement. Adam Something goes off on a tangent which I didn't go into too much detail about people moving, a free market opens up vast opportunity, they wouldn't need to move, but how convenient of him to use that argument, given the fact his socialism has destroyed the job market and forced people to do just that, Scotland is a prime example for this, why else you think businesses are packing up and moving South of the border? Even his argument regarding Anarcho-Capitalism is erroneous, making such a baseless claim with nothing to back it with that private security would somehow quickly centralise and act as a gestapo for a company, making such a baseless assertion that under such a system a business owner could commit violent crime and wouldn't be punished for it. Again, nothing to back up such baseless claims, just lunacy ignoring the fact Anarcho-Capitalism is not lawless. It's quite rich he speaks about dictatorship given the fact that in order to maintain a position of so-called equality and keeping private individual ownership out of sight, it requires a dictator across a large populated country. Of course, simple common sense evades these people, not once has collectivism ever avoided totalitarianism, quite convenient given his anti-capitalist rhetoric against private ownership. *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 was requested, I checked out Keith Woods channel and see he has done a number of videos on capitalism, one of which just so happened to be on the claims about how capitalism will lead to an economic collapse, so decided I would respond on this topic. Keith Woods is no exception when it comes to being completely ignorant of capitalism and economics in general. He starts off blaming capitalism for climate change, which is typical to say the least. One can see right through the entire agenda for why the basis of their entire argument on climate change is anti-capitalism, it's just an excuse to try and further the agenda of their evil ideology that's never worked in world history. Keith Woods even attempts to bastardise the entire definition of capitalism and as per usual, attempts to liken today's economy as a capitalist system and attempts to project the blame off onto capitalism for today's housing crisis and wage stagnation, etc. I didn't go too much into stuff relative to the immigration crisis as I felt it wasn't worth the time, but in short, it is just another example of socialism that created a problem, not only in the countries the immigrants and refugees were fleeing from, but enticing people to come to places like Britain due to all the socialist welfare statism, etc. Even the actions of government such as what you saw of Angela Merkel were to be held responsible for the mass foreign immigration. Again, a prime example of a problem created that they just project the blame off onto capitalism without understanding what they're even talking about and Keith Woods is a shining example of that. *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

Recently I caught news of SNP draconian laws, Nicola Sturgeon and the SNP seek to make such restrictions permanent so that the state has extra powers to carry out lockdowns and mask mandates at will. As quoted: "SNP ministers are planning to make permanent their temporary powers to shut schools and introduce lockdowns... These include “prohibiting or limiting numbers at gatherings, introducing lockdown measures, and requiring that face coverings are worn”, as well as “powers to make directions to close educational establishments”..." That for me illustrates how far the SNP have gone, as if the hate crime bill wasn't enough and the years trying to impose the Named Persons Act, it just shows you how authoritarian the SNP are and as I've long argued, even as far back as 2014, dependency upon the state will only lead you down the road of a self-serving government and the true face of socialism will always shine bright with such draconian laws. The SNP have illustrated this to a tee. The thing that worries me, however, is that despite the hate crime bill, not even that was enough for certain people, instead, they continued on voting SNP and I fear we will see more of the same. I hope there is truth that the opinion polls of Nicola Sturgeon and the SNP have plummeted, but I'm not going to get my hopes up. They have done nothing but embarrassed this nation and it's by time people wake up and smell the coffee. *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

Yes, socialism was the problem of Cuba's economic crisis. As I addressed previously, the reason for why the Cuban people are mass protesting against the Cuban government is because they are sick and tired of the socialist regime. Good Politic Guy (a young boy) lives in an imaginary world and has no evidence to suggest the Cuban people are otherwise favourable to socialism. As always, you find the projectionism finding the scapegoat and projecting the blame off elsewhere and like I've argued, it is why the United States should never have gotten involved and should lift the embargo, simply because all it has done is given these socialists a platform to use as excuses to cover up for the failure of socialism. In this particular video you will hear his whataboutery and excuses, just as I had pointed out in the previous video on Cuba. If you wish check out the argument for why their crisis occurred you can check out the video here: https://www.youtube.com/watch?v=F04SsAH33iY The young boy, Good Politic Guy is filled with wishful thinking, whilst he mentions about the minimum wage, I would love to see how he plans to finance an economy off the back of a massive bloated public sector with barely a private sector left. The fact he doesn't understand what that means, never let alone why Biden wouldn't impose the higher minimum wage straight after the lockdowns it illustrates the level of ignorance we're dealing with here. Socialists just don't get economics. He also addresses the argument that Second Thought used on the wasted produce, as well as on the housing crisis, but I've addressed those arguments. You can watch my response on Second Thought where I covered this, as well as on the 2008 financial crisis where I touch upon the crisis relative to the housing below. • 2008 financial crisis: https://www.youtube.com/watch?v=FCHahZ2e6kU • Second Thought Response on Efficiency: https://www.youtube.com/watch?v=SrBCxfGsGOw I have covered in many previous videos explaining about socialism and why it doesn't work, which is why I didn't go into that extensively, you can check out many of my other videos that cover this. Good Politic Guy also bases the false assumption that we're somehow living under a capitalist system today, which simply is not the case in either Great Britain or the United States, we live under mixed economies, which to say it's a capitalist system is intellectually dishonest. 00:00 - Introduction 00:23 - Shortages 01:02 - Cuban Protests 01:35 - Healthcare & Education 04:47 - Embargo Excuse 06:23 - Biden's Right: Socialism Doesn't Work 07:11 - Reason For the Embargo 08:17 - The Whataboutery 09:15 - NOT Capitalism 10:30 - Rent Costs Explanation 11:39 - Minimum Wage Argument 12:30 - Starvation Wages 14:00 - Blaming Capitalism Again 15:07 - Waste Argument 15:46 - Child Slavery Argument 16:29 - Paycheck to Paycheck 17:03 - The Arrogance 17:54 - True Face of Socialism *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 recently on the Cuban protests and for why the Cuban people are protesting, I decided on request to cover briefly the reason for the Cuban crisis, what effectively led the Cuban people to breaking point you're seeing currently. Socialists constantly bleat off about the economic sanctions, the embargo's, but as I address in this video, the U.S. embargo, although a problem, it wasn't the main driving factor behind the Cuban crisis that resulted in the widespread shortages and soaring costs. As you find with every socialist regime, the government restrictions over the economy is largely to blame. Like I pointed out before, there is absolutely nothing stopping Cuba from trading with other countries surrounding it and in this video I touch upon the problems Cuba is facing relative to trade and how price controls resulted in their widespread shortages. The reason socialists are desperate to swerve past all of this to pretend it was sanctions by the U.S. is simply because they care more about protecting the reputation and name of their precious religious ideology, socialism over that of the people suffering firsthand as a result of what socialism has caused. Like I touched upon previously, I strongly suspect that Cuba will be heading in the direction towards phase 3 after being stuck between phase 2 and 3 for decades, but the socialists are running out of excuses. 0:00 - Introduction 1:31 - Entering Third Phase 3:48 - A Concession 4:48 - Why Sanctions Began 5:19 - Removing the Sanctions 6:03 - Soviet Subsidies 6:42 - Cuba's Trade Crisis 9:09 - Hurricanes & Price Ceilings 13:51 - Ridding the Sanctions 14:07 - Wilful Ignorance You can also check out my video on free trade versus protectionism which I explain my argument in favour of free trade against the protectionism here: https://www.youtube.com/watch?v=N3HEqIzk2EU *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

Debunking Second Thought yet again, this time on why capitalism is efficient. Second Thought, as I have pointed out numerous times, fails to comprehend what a capitalist system is. It is disingenuous to pass off a mixed economy as being a capitalist system. In this particular video, Second Thought illustrates his ignorance not only on profits and losses and on the argument of efficiency, he uses the usual claims against capitalism without anything to back up such baseless claims, such as about exploitation, etc, but again, he also illustrates his ignorance claiming that since companies today are destroying products that could go to people charitably, he is completely oblivious as for the reasons for why this is. This is why you end up with so many anti-capitalists because it's easy to throw around baseless claims without understanding the actual cause of problems. Yet again, as per usual, they create problems through all of the government intervention in the economy and then they point the blame at capitalism. Second Thought did exactly this in his argument on monopolies, claiming that capitalism caused the boom and bust cycle, but admits they were fixing interest rates below market value. This shows how dishonest he is. Even his argument on the Texas blackout problem falls apart, and you can watch my video I did on this argument that refutes him, below. You can also check out my argument on the Economic Calculation Problem that helps illustrate why it is impossible to achieve economic efficiency in the absence of profits and losses, which I will provide several sources below. The main point, however, is that what Second Thought proposes is destined for extreme levels of economic inefficiency as he clearly doesn't understand the first thing about prices and how important prices play in the operation of your economy. I've explained before on government subsidies and how destructive they are to the economy, why it encourages waste, again, that is something else I will source. All in all, his explanation of capitalism is deeply flawed and even attempts differentiating capitalism from the market, which is irrational. (0:00) - Introduction (0:11) - Not Capitalism (1:32) - Subsidies (2:01) - Defining Efficiency (2:31) - Profits and Losses Explained (5:10) - Capitalism Defined (12:06) - Projectionism (12:26) - Exploitation Claim (14:04) - Freedom to Choose (15:31) - Ownership of Goods (17:31) - Wealth Concentration (18:42) - Who Dictates Production (20:07) - Who Determines Price (21:16) - Refuting His "Waste" Argument (26:04) - Restricting Productivity (27:20) - Role of Profits (28:05) - Corporatist Nations (28:23) - Contradiction (ECP Explained) (29:57) - Texas Blackouts (31:22) - Building Collapse (31:51) - Another Contradiction (32:37) - "Human Factor" (33:14) - Absence of Capitalism (34:36) - Climate Change Nonsense *Why Subsidies Don't Work:* https://www.youtube.com/watch?v=koDKM9mYlic *Texas Blackout Problem Explanation:* https://www.youtube.com/watch?v=Mzm9lqEQ2jc *Economic Calculation Problem—Profits and Losses Explained:* https://www.youtube.com/watch?v=mVbbFVKWdhI *Fuller Explanation on the Economic Calculation Problem:* https://www.youtube.com/watch?v=Zjzofn0qzQ4 *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

Recently we have been seeing the Cuban protests. In this argument I explain about the Cuban protests and why I think we're now entering the third phase of socialism, which is the denial phase; the phase where socialists distance themselves from the regime. Throughout recorded history, Cuba was unique having been stuck between phase 2 and 3, however, now with the large scale Cuban protests things are beginning to change. The mainstream media illustrate just how dishonest they are in backing such propaganda with lies claiming that the protests are over the virus or to do with the shortage of basic goods. Whilst part of this may be true, the likes of CNN claim the fault is to blame on the U.S. embargo. As I explain, this simply is not true and as you will find, the Cuban protests are to do with a whole lot more than just shortage of basic goods. As I explain, socialists persist on trying to move the goal posts and redefine everything of what socialism stands for, this is because throughout human history, socialism has never worked. I didn't feel the need to go into great detail on the reasons as I've covered numerous times before, but I illustrate that socialists are desperate in the attempt to redefine socialism in order to try and protect the reputation over their ideology over and above the real world people suffer as a result of its consequences. The example of Black Lives Matter who shared an Instagram post defending the Cuban government are a prime example of those in denial, they are completely ignoring why the protests are taking place and only illustrate just how cultist these people really are when it comes to supporting socialism. *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

I was sent an article a few weeks back regarding Teen Vogue and their take on capitalism, which I found rather quite strange given the content of their magazines. It doesn't strike me as an organisation that prints political content, rather, the image Vogue gives is all based around fashion, etc. Their entire magazine is covered with material possessions that capitalism produced, albeit, we may not be living under a capitalist system, but capitalism present in the mixed economy is more than certainly responsible for what produced all those goods. The view Teen Vogue have on capitalism is sadly not uncommon, especially amongst the youth. Whilst I can understand people's disillusionment at problems that exist today, it's a gross misunderstanding of the current system we live under and for why the problems occur. They use the common arguments about climate change, inequality and exploitation, etc, but they have no grasp of the real world, especially of human nature and economic reality. I've covered in various other videos for why socialism doesn't work, so didn't feel the need to dive into all of that, but there is nothing more delusional than to believe socialism is workers ownership of the means of production despite the fact this has never been the case throughout recorded history with regards to socialism. In this video I cover the whole article and give my thoughts on Vogue. *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

Powered by Restream https://restream.io/ The economic calculation problem debate is following on from a previous response I did on Rosewrist, the guest discussed points on the economic calculation problem and on his request I have decided to discuss and debate the argument on the economic calculation problem with him. Bearing in mind, the arguments I have covered in my videos relative to profits and losses will be covered and this may give you an insight into the critiques arguments. I've mentioned, however, that the economic calculation problem is something grossly misunderstood by the Left and that is my argument.

Following on with the argument on the Economic Calculation Problem, Hakim makes his main critique claiming that evidence proves Ludwig Von Mises has been refuted. Contrary to his argument, he hasn't actually provided any credible evidence, even his claims on Morrell regarding efficiency of the Soviet Union are outlandish and far off the truth it is laughable. Like I have argued, a country can have a high level of productivity, but that doesn't mean to say that the goods it was producing was met by the demands of the consumer. If one were to contrast the United States of similar size to the USSR, one can see the clear difference. The Soviet Union was far from anything efficient. Like the book that has been read a billion times over, Hakim uses up the same tired argument that has been refuted time and time again regarding technology. He cites William Paul Cockshott, a man who clearly illustrated he doesn't understand the Economic Calculation Problem himself as he tried claiming one of the quotes provided relative to the copper and cement had nothing to do with the ECP. This proves he doesn't understand what he is talking about and to think this was once a Glasgow University professor says everything about Universities. The issue socialists can't comprehend is the fact that prices are signals and that the signals is information consumers are telling the market what they want and don't want. They fail to comprehend that as soon as you destroy the information of prices driven by consumer demand, you're effectively opposing the consumer and destroying the information of their demand. Given how sporadic consumer demand is and ever changing throughout the year, as well as unpredictable, it is impossible to centrally plan for. Thinking the computer technology can simply solve this issue in the absence of market-driven prices is delusional at best. The only reason companies like Amazon or Walmart are able to gather such information on production is from price information signals driven by consumer demand, without the price signals there is no information to tell the market out of millions of products what is in greater demand over whatever other given products and at what time. There are no signals to tell the market what type of cheese, yoghurt, butter, ice cream is in greater demand over whatever other kind, that's the purpose of price signals, it conveys such information. Therefore, price signals is more than just simply calculation and that is the issue socialists fail to comprehend. Eliminating price signals, therefore and from his argument about planning prices internally relative to labour time is just more Labour Theory of Value nonsense from Marxists who have no sense of the real world around them. There is no guarantee consumers will buy the goods at the prices they determine internally and with millions of other prices, how then do they know what to fix? This was the very problem the Soviet Union was faced with and is precisely what led to the Economic Calculation Problem to begin with. Computer technology would not hold the information of these signals relative to time preference as there is no money or price signals to convey the information, which is why the argument by Kontorovich is irrational. William Paul Cockshott's wild assumption that energy resource is somehow exceptional to the rest of goods, as if it can be simply excused from the Economic Calculation Problem in of itself is ignorance of history given the evidence we've seen time and time again illustrating what happens when price ceilings were imposed and resources are misallocated. We saw this during the shortage at the pump in the 1970s both in Great Britain and the United States. Thomas Sowell's argument in his book _'Basic Economics'_ illustrates this beautifully with the central office in Texas explaining how they wouldn't know what type of petrol to allocate where to hundreds of petrol stations, at what time, never let alone by how much. Again, the sporadic change of traffic from each and every single petrol station across the length and breadth of the country means it is impossible. 00:00 - Introduction 00:10 - Planning 06:02 - Technology Claim 12:09 - Socialist Inefficiency 16:55 - Cockshott Argument 24:16 - Prices Argument *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

I have covered the Economic Calculation Problem on numerous occasions, as requested I decided to respond refuting Hakim on this particular issue. Bearing in mind his video is quite lengthy, so there is a lot to cover. The Economic Calculation Problem is something grossly misunderstood and there is no exception to this when it comes to ignorance like Hakim, like the book that has been read a billion times over, he makes the same predictable arguments relative to this that every other socialist does. What you will find with Hakim are a lot of baseless claims made in his video, such as claims that the Economic Calculation Problem have been refuted or that the market resulted in the creation of monopolies, collusions, etc which simply aren't true. He has no real world examples to provide for you, but what we can provide are examples where such things formed as a result of government interference. Likewise, it is the same story regarding his erroneous claims on how it's just ideology, his arrogance is astounding given the real world examples we've seen plastered everywhere, and I wouldn't even take William Paul Cockshott seriously when he tried to deny a quote by two Soviet Union economists illustrating the Economic Calculation Problem which proves he himself doesn't even comprehend what the Economic Calculation Problem is. As I have explained in this video regarding profits and losses, they are price signals and it is consumers who drive prices, without market-driven prices driven by consumers, there's no information of consumers needs and wants. Hakim, like all socialists, show the complete ignorance when it comes to speaking about profits and even regarding the relationship investors have in the economy, etc. There was no way I was going to leave out all those important details, therefore, we will get to the crux of his main argument on the Economic Calculation Problem in a following part, this, however, covers the basis of his laughable critique of the Economic Calculation Problem and of markets claiming there are market failures. I have addressed the issue on the banking crisis previously so if you want a better understanding of that, you can check out the following video: https://www.youtube.com/watch?v=FCHahZ2e6kU 00:00 - introduction 02:10 - ECP Critique 11:29 - Why Argument 23:13 - Projectionism *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