What's Wrong With Capitalism: ContraPoints Doesn't Understand Consumer Demand Part 1

5 years ago
43

ContraPoints made an argument about capitalism, in this video I explain the inherent flaw of ContraPoints argument about consumer demand regarding price.

ContraPoints doesn't understand that the economy with which we live under today is not capitalism, but corporatism, most importantly, ContraPoints doesn't understand it is the free choice of a business over who their niche is aimed at, doesn't mean you can't get the same elsewhere but for cheaper.

Although I'm sure ContraPoints means well and has good intentions, this particular individual doesn't understand the the real world that we live in, there will always be good and bad people and also fails to understand the importance of prices, such as the information we gather from profits and losses or higher prices in the market.

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