Capitalism DOES Make You Free: Refuting Current Affairs

Current Affairs makes the argument that capitalism doesn't make you free, however, such a claim is erroneous. The basis of his entire argument is based off today's economy and how he can base things off of what you have today when it is a mixed economy, a corporatist system, therefore and the private sector is over-regulated.Show more

As per usual he is yet another who spouts the usual nonsense about the gilded age, surprise, surprise; a believer that somehow the likes of Carnegie, Rockefeller, Stanfords and Vanderbilts were apparently these evil monopolists who sought to shaft the consumer. Of course, none of this is true and the only people who believe that to be true are those who have no clue about the history to see how wrong it is.

Even the claims Current Affairs make regarding the so-called dangerous concentration of wealth by today's standards is overly exaggerated, whilst there are problems today created by corporatism, he attempts to pass this off as the fault of capitalism. The typical example of socialist government intervention creating a problem in the market and then projecting the blame off onto the market.

A fine example for this you can see from his argument relative to healthcare, as if to claim that the fault of private pharmaceutical companies driving prices up to shaft the consumer was to blame on the market, even although government intervention created the problem.

The fact he thinks he can replace a system involving profits and losses with "solidarity" should be enough to make you laugh. If you wish to learn more on this topic issue, you can watch both my videos I explain on the economic calculation problem relative to profits and losses and the fuller explanation on the economic calculation problem itself.

• Economic Calculation Problem: Profits and Losses.
https://www.youtube.com/watch?v=mVbbFVKWdhI

• Economic Calculation Problem: Extended Explanation.
https://www.youtube.com/watch?v=Zjzofn0qzQ4

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