Socialism and Innovation: Refuting Second Thought

Second Thought as per usual persists on lying to his viewers that we somehow live in a capitalist system today, a common theme you find amongst all these socialists I respond to they love to sit and pretend that they're not living in a mixed economy, but rather, a capitalist system as to exonerate socialism of the blame. Much like Current Affairs, Second Thought projects the blame off onto the market for the problems government creates.Show more

In this example, as a result of the corporatist system and government over-regulating the private sector, the government is the culprit for harming business innovation, especially with such things like quality and quantity controls, etc.

Nonetheless, like I have pointed out so many times, living under a socialist economy, you wouldn't have any freedom, you'd be living subjugated to slavery to that of the central planner who would dictate everything. A reason I have provided my own person argument relative to Scottish history is because Scotland was a very innovative, influential nation on the modern world, yet, as you will see, the impact Scotland had on the modern world didn't come until the mid 18th century, by his logic, Scotland would have been just as innovative, if not more prior to those years.

Whilst I may not hold the knowledge of where technology comes from as he could may well be right about specific things, it is important to do independent research rather than just accept what he says as gospel, even then, the following articles I will provide you should be able to read with an independent mind to make your own mind up.

Much like the Soviet Union as I pointed out, they got all of their technology from the West as they were being financed by anti-capitalists in the likes of the United States. His claims about governments financing things, however, are questionable, even then, trying to claim that voluntary action of free thinking individuals producing open source code is somehow socialism is laughable to say the least. Just because someone is not done for the sake of money doesn't mean it isn't part of the market, markets provide free services just as there is paid content.

Again, even the argument relative to the internet is erroneous as it wasn't the government who made it widely accessible to the masses, but that of the market. The article I illustrated outlines the argument creating an important distinction which I think people should read and make their own mind up.

Don't Thank the Government For Your Iphone:
• https://fee.org/articles/dont-thank-the-government-for-your-iphone/

The Hidden Hold Up to American Innovation:
• https://fee.org/articles/the-hidden-hold-up-to-american-innovation/

This following article illustrates how lobbying harmed Apple, thus Apple isn't the fault for producing cheap quality charge cables. This correlates to Second Thought's erroneous claim as if businesses are just out to get you for profits. This article illustrates damage caused via government intervention, again.

This is the Real Reason Your iPhone Cables Break:
https://fee.org/articles/this-is-the-real-reason-your-iphone-cables-break/

This following article backs up the original from FEE and makes the solid point that if not for the private sector taxpayer, government wouldn't have the money to finance and is not a wealth creator either, the Mercedes example sounds all too familiar, much like how government is trying to force the market onto electric motors, but most people wouldn't be able to afford that.

Capital Accumulation, Not Government, Key To Technological Innovation:
https://mises.org/wire/capital-accumulation-not-government-key-technological-innovation

Again, you can also check out my argument on the economic calculation problem.

• 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

*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