Capitalism can be viewed as an economic system that has been a driving force in many advanced economies, fostered growth and innovation, enabled people to lift themselves out of poverty, and greatly improved living standards. But it also has many staunch critics, who will argue that, regardless of outcomes or track records, it is a deeply harmful and exploitative system. So, to clear up any confusion, what really is capitalism, and what isn’t it?
Why have socialist ideas become so attractive again, despite the fact that all socialist experiments, without exception, have failed over the past 100 years? The 2019 book by Dr. Kristian Niemietz, ‘Socialism: The Failed Idea That Never Dies,’ provides convincing answers.
The history of Marxism (and its offspring, Communism) in Latin America is a sordid one. Many of its brutal dictators, including Fidel Castro, Hugo Chavez, and Pedro Castillo, have used the Marxist doctrine as a stepstool to power. But, as this video argues, those dictators only succeeded in plunging their countries into poverty — as Marxism promises to do anywhere its ideas are adopted.
Have you ever thought your employer was exploiting you? That the company you work for doesn’t really earn its profits — it just rips off its workers?
One of the things that I’ve really been making the focus of this show is to show people what real, true, classical liberalism is.
Marx espoused confrontation and slander over careful and critical intellectual debate.