Difference between revisions of "2020/11/03/Should We End Capitalism"
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* '''title''': [[title::Should We End Capitalism? (Douglas Murray & Bret Weinstein)]] | * '''title''': [[title::Should We End Capitalism? (Douglas Murray & Bret Weinstein)]] | ||
* '''summary''': [[Summary::“You have a society that generates a ''huge'' amount of wellbeing. That wellbeing is ''not'' well-distributed. I do not mean to say it should be ''evenly'' distributed... but it's not ''well''-distributed. It's not efficiently distributed with respect to producing the kind of incentive that you would want -- you know, a dyed-in-the-wool [[libertarian]] ought to want opportunity better distributed because it results in more people discovering more things that serve us collectively. [...] The revolution that we are watching begin has misunderstood the difference between the noise in the way [...] they've misunderstood the basic fact that their lives will get much, much worse if the engine that creates the wellbeing that is unfairly distributed is turned off.–]] | * '''summary''': [[Summary::“You have a society that generates a ''huge'' amount of wellbeing. That wellbeing is ''not'' well-distributed. I do not mean to say it should be ''evenly'' distributed... but it's not ''well''-distributed. It's not efficiently distributed with respect to producing the kind of incentive that you would want -- you know, a dyed-in-the-wool [[libertarian]] ought to want opportunity better distributed because it results in more people discovering more things that serve us collectively. [...] The revolution that we are watching begin has misunderstood the difference between the noise in the way [...] they've misunderstood the basic fact that their lives will get much, much worse if the engine that creates the wellbeing that is unfairly distributed is turned off.–]] | ||
| + | ==Analysis== | ||
| + | The host makes a basic mistake of giving capitalism credit for our current wealth as a society. There are many arguments for why this claim is quite wrong, but among the clearest and most compelling is the fact that that worker co-ops – a fundamentally anti-capitalist form of enterprise – generally do much better at creating wealth (not to mention distributing it fairly). They are more efficient at producing products that work well and they handle recessions more robustly. | ||
| + | |||
| + | All that capitalism is good for is concentrating wealth created by others into privately-held (and therefore unaccountable) hoards. | ||
Revision as of 17:47, 8 November 2020
- when: 2020/11/03
- author: Douglas Murray & Bret Weinstein
- source: YouTube DarkHorse Podcast Clips
- topics: capitalism
- keywords: video podcast speech
- link: https://www.youtube.com/watch?v=hoFI6nxzKVY
- title: Should We End Capitalism? (Douglas Murray & Bret Weinstein)
- summary: “You have a society that generates a huge amount of wellbeing. That wellbeing is not well-distributed. I do not mean to say it should be evenly distributed... but it's not well-distributed. It's not efficiently distributed with respect to producing the kind of incentive that you would want -- you know, a dyed-in-the-wool libertarian ought to want opportunity better distributed because it results in more people discovering more things that serve us collectively. [...] The revolution that we are watching begin has misunderstood the difference between the noise in the way [...] they've misunderstood the basic fact that their lives will get much, much worse if the engine that creates the wellbeing that is unfairly distributed is turned off.–
Analysis
The host makes a basic mistake of giving capitalism credit for our current wealth as a society. There are many arguments for why this claim is quite wrong, but among the clearest and most compelling is the fact that that worker co-ops – a fundamentally anti-capitalist form of enterprise – generally do much better at creating wealth (not to mention distributing it fairly). They are more efficient at producing products that work well and they handle recessions more robustly.
All that capitalism is good for is concentrating wealth created by others into privately-held (and therefore unaccountable) hoards.