5 Socialism Myths: Part 1 — Transcript

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1. 0:00pandemic called capitalist corporate
2. 0:03greed
3. 0:04people eagerly find fault with
4. 0:06capitalism if capitalism works if this
5. 0:09is the best we got
6. 0:10why does it seem to give such a raw deal
7. 0:14a raw deal is that what we get i hear
8. 0:17that from people now working for joe
9. 0:19biden do i look like a radical socialist
10. 0:22not especially but with so many upset
11. 0:25about
12. 0:25america's wealth disparities
13. 0:31it's time to take a closer look at the
14. 0:32socialism these people want
15. 0:35this is the last war we are committed to
16. 0:38transforming our society
17. 0:39into one based on freedom equality and
18. 0:42solidarity
19. 0:43the belief that socialism will bring
20. 0:45that is why it's now
21. 0:47as popular as capitalism among young
22. 0:49people
23. 0:52another big reason is oddly this 90 year
24. 0:55old
25. 0:56linguist noam chomsky students studies
26. 1:00work in class and
27. 1:01colleges pay him up to 30 thousand
28. 1:03dollars to speak
29. 1:04thanks very much yet for generations
30. 1:07chomsky misled students by
31. 1:09calling capitalism a grotesque
32. 1:11catastrophe
33. 1:14i thought the fall of soviet communism
34. 1:16would put an end to such nonsense
35. 1:19surely everyone would now see the
36. 1:21catastrophe
37. 1:22is socialism but no
38. 1:25socialism has come back strong so in
39. 1:28this video
40. 1:29and the next we'll bust five myths about
41. 1:31socialism
42. 1:33the first is the claim that that wasn't
43. 1:35real socialism
44. 1:37the soviet union this was about as
45. 1:38remote from socialism as you can imagine
46. 1:41it's absurd to say that the soviet union
47. 1:43was remote from socialism
48. 1:45economist ben powell reminds us that
49. 1:47when the soviets made private business
50. 1:49illegal
51. 1:50that's about as close as the world ever
52. 1:52saw to the pure socialist end of the
53. 1:54spectrum
54. 1:54but whenever socialism fails people
55. 1:57always say
56. 1:58that wasn't real socialism it doesn't
57. 2:00prove anything about socialism
58. 2:02in other countries working people have
59. 2:04to be in control of production
60. 2:06the soviet union is exact opposite of
61. 2:07that working people had no control over
62. 2:09anything
63. 2:10but that's the problem that is what
64. 2:12socialism
65. 2:13inevitably delivers socialism means
66. 2:16abolishing private property
67. 2:18in the major things that go into
68. 2:20production and replacing it with some
69. 2:22form of collective ownership
70. 2:23in practice this means state ownership
71. 2:26and control and the soviet union had an
72. 2:28abundance of that
73. 2:31of course the soviet union is now gone
74. 2:34so some
75. 2:35say there is no true socialist country
76. 2:37that exists today but there
77. 2:39is look at venezuela just eating is a
78. 2:42luxury
79. 2:43when i say socialism created hardship
80. 2:45there
81. 2:46people trash me on my own social media
82. 2:49read a book venezuela is not socialist
83. 2:52think a bit i'll do better than that
84. 2:55i'll listen to the politician who
85. 2:57wrecked venezuela
86. 3:00because capitalism is tyranny hugo
87. 3:03chavez
88. 3:04said his government must take over
89. 3:06businesses
90. 3:13that's socialism the socialists turned
91. 3:16the richest country in latin america
92. 3:18the nation with the biggest oil reserves
93. 3:20in the world
94. 3:21into the poorest country but it's not
95. 3:23clear that that crisis
96. 3:25has anything to do with their socialist
97. 3:26policies that's myth too
98. 3:28venezuela's failure has little to do
99. 3:31with socialism
100. 3:32and a lot to do with poor governance
101. 3:34some of chavez's programs could have
102. 3:35been sustainable
103. 3:36if he pursued a sound economic policy
104. 3:40yeah some of his policies could be
105. 3:41sustainable if he had a sound economic
106. 3:43policy called
107. 3:44capitalism why does it have to be
108. 3:46capitalism oliver is saying
109. 3:48if he just managed it better it's a
110. 3:50story about
111. 3:51epic mismanagement or here's how al
112. 3:53jazeera puts it
113. 3:54economic policies have failed to adjust
114. 3:56to reality that's the nature of
115. 3:58socialism is for their economic
116. 4:00policies to fail to adjust to reality
117. 4:02because economic reality is evolving
118. 4:04every day it's millions of decentralized
119. 4:07entrepreneurs and consumers who are
120. 4:08making fine-tuning adjustments to this
121. 4:10in our capitalist society when covet hit
122. 4:13what did we start seeing
123. 4:15millions of entrepreneurs adjusting
124. 4:16without government orders
125. 4:18of how to deliver their products and
126. 4:19services servers have switched roles to
127. 4:21delivery drivers while bartenders have
128. 4:23turned into sales reps
129. 4:25restaurants installed the heat lamps
130. 4:26expanded patios
131. 4:28did delivery all the reporters
132. 4:30complained about the absence of federal
133. 4:32direction
134. 4:33no central authority could possibly
135. 4:36direct all these
136. 4:37individual adjustments in thousands of
137. 4:39different places
138. 4:40in fact federal direction would have
139. 4:42prevented all that
140. 4:44in a market economy the great thing is
141. 4:46everybody's little adjustments
142. 4:48gets tested and we get to see what works
143. 4:50[Music]
144. 4:52blockbuster was great but then people
145. 4:54were offered something better
146. 4:56tv shows and movies at your command by
147. 4:58contrast in a socialist economy you get
148. 5:01a one-size-fits-all adjustment
149. 5:03and you missed out on this learning
150. 5:04process where some entrepreneurs copy
151. 5:06others when they see things successful
152. 5:08and they stop doing it when it's not for
153. 5:10example east germany's socialist
154. 5:12planners push these trabants
155. 5:16they said the cars were great bendy
156. 5:20but it was a terrible car hard to drive
157. 5:23and it spewed pollution even when west
158. 5:26germans were building volkswagens bmws
159. 5:28and porsches
160. 5:29[Music]
161. 5:31east germans were stuck with trobons in
162. 5:34a socialist economy
163. 5:35every one of the minor adjustments needs
164. 5:37to be commanded one mind who has to know
165. 5:39all of those teeny adjustments
166. 5:41communicate down and get everybody to do
167. 5:43the right thing
168. 5:44that's impossible no government
169. 5:46department can manage millions of
170. 5:48individual decisions in prices when they
171. 5:51try
172. 5:52shortages occur and money loses value
173. 5:55if you work the whole month you can buy
174. 5:58one a hamburger here's another excuse
175. 6:01for venezuela's failure
176. 6:03oil prices plummeted in 2014 and maduro
177. 6:05failed to adjust
178. 6:07vox made this video called the collapse
179. 6:09of venezuela
180. 6:10explained in the whole video they never
181. 6:13mentioned socialism once
182. 6:15they blame falling oil prices the oil
183. 6:18price is a complete distraction
184. 6:20there's plenty of countries around the
185. 6:21world that depend on oil revenue
186. 6:23when oil prices went down that people
187. 6:25there didn't start losing
188. 6:26weight that just happened in venezuela
189. 6:29finally some people respond to my videos
190. 6:31by saying
191. 6:32people in venezuela and cuba struggle
192. 6:35not because of socialism
193. 6:37but because of our sanctions and embargo
194. 6:40they certainly don't help the people but
195. 6:42it's an afterthought
196. 6:43as a reason for their suffering in cuba
197. 6:45they drive around 1950s u.s cars
198. 6:48but we don't have a blockade on them
199. 6:50there's no u.s navy destroyers
200. 6:51preventing kia fia or whoever else
201. 6:54around the world from sending them cars
202. 6:56the reason for their suffering is they
203. 6:57have an economic system that can't
204. 6:59deliver
205. 7:00in our next video more myths about
206. 7:02socialism
207. 7:03like progressives claim that democratic
208. 7:06socialism
209. 7:07is different the key word for them
210. 7:09democratic
211. 7:10democratic socialism is your kid's
212. 7:12public school
213. 7:15[Music]
214. 7:29you