The Truth About Capitalism: Non Compete Debunked on Why Capitalism Sucks Part 2

5 years ago
9

In this second part video on the truth about capitalism: Non Compete debunked in response to his video on 'Why Capitalism Sucks,' I address the arguments on the erroneous myth about capitalism leading to a dangerous concentration of wealth in the hands of the few resulting in monopoly creation, as well as debunking the myth about capitalism exploiting workers neglecting their welfare for the sake of profits.

I have covered numerous times before on profits and losses, if you would like to learn more on the importance of profits I have covered this on the economic calculation problem in 2 parts:

• https://www.youtube.com/watch?v=mVbbFVKWdhI
• https://www.youtube.com/watch?v=bFoqXD_o6Wc

I highly recommend also checking out both part 1 and 2 on the tragedy of the commons that I covered in response to Mexie. This will help you better understand in relation to the argument on the environment and why it is of greater benefit for the capitalist to be more efficient over resource usage:

• https://www.youtube.com/watch?v=mxvfPJ1rVk0
• https://www.youtube.com/watch?v=w2duJjMpSvM

I have also covered my top 10 myths on capitalism which you can also check out that:

• https://www.youtube.com/watch?v=Nw1NyZ_UPSg

Music:
• [Classical Music - Royalty Free] Corelli - Concerto

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