The GFC was due to government regulation, not “Unchecked Capitalism”. When the Fed keeps interest rates artificially low, then the investors are presented with a false view of the economy, and when it insures bank accounts then the banks can do whatever they want with their customers’ money. That’s what made the…

People CAN choose where they work, they’re not being forced at gunpoint to go into these factories, factory owners actually have to keep people because they’re all clamoring to be employed. And no doubt you benefited from the economic system that was built up before you entered the market, a system that wasn’t built…

The difference between us is I believed in your position for years,I firmly believed greedy capitalists were exploiting the third world and Marxism had never actually been given a shot, and all that stuff. But in the end I had to analyze my own beliefs, I had to test them out because I actually care whether they’re…

All these regimes are what happens when Marxists are confronted by the failures of Marxist theory. There were no bourgeoisie revolutions because they happened to like earning money to support their families and increase their standard of living, so these Communists forced their systems on the people. The state took…

Yay, the No True Scotsman defense, that’s a fantastic fallacy only you could think was a good argument! The Khmer Rouge banned religion, implemented social engineering policies and agriculture policies, and killed people deliberately, that seems pretty close to every other communist regime in history.... What is it…

Here’s the incoherence of your argument, you claim your country skipped over Capitalism, then you blame Capitalism for your country’s hardships. When the irrational claim to be rational is when it gets dangerous as you’ve demonstrated. You’re against the very thing that can save your country, that IS saving your…

The fact that you consider a paycheck as exploitation and that you haven’t been able to address any of my points speaks to the vacuousness of your beliefs. You believe what you want to believe, and that’s that.

Yes the Bourgeoisie uprising that’s NEVER going to happen, thanks for demonstrating the failure of Marxism. Hey Capitalists, thanks for all the innovation and capital, but we’re just going to steal it all because we want everyone to be equally poor!

Because they’re unskilled before they enter into that factory, they learn on the job as you so aptly demonstrated!

Not in a undeveloped country! Not in a country without skilled or educated labor. Labor doesn’t have an intrinsic value, there has to be a demand for it. Skills have to increase amongst laborers on the job and wages slowly rise. That’s what builds the middle class, no amount of central planning could do that. We had…

Capitalism is trade, trade is human behavior, so of course it has moral failings. I need you to think very hard about this, in a pre-industrial society, what other options do poor children have besides starving? I mean really think this through, search your brain, I’ll be very happy if you give me an answer

Yes, that’s the ticket right there, proof you’re an idiot. I voted for Obama twice, my whole family is Democrat, and I am a libertarian, not a conservative. Marxism is explicitly AGAINST Capitalism, if you don’t know this, then what the hell have you been reading?

When you say workers are exploited by being paid, then that is a belief, a belief that is factually wrong. When these people have NO skills, then their labor is UNSKILLED. That is basic economics. Labor doesn’t have an intrinsic value, its worth what people are willing to pay for it. I can spend two days building a…

When idiots call you an idiot, then its easy to get defensive, though I don’t think my tone was defensive at all. It’s just odd that you would call Capitalism exploitation when its what uplifted us from subsistence farming/starving. Trade is a natural part of life, its just that Marxists have demonized it

I actually went from Progressive liberal to Classical liberal. I still believe in social equality and liberty, I just understand basic economics

What exploitation are you talking about? And would you like to explain how the average person’s income and standard of living suddenly jumped, when it had been stagnant for thousands of years? I it wasn’t trade restrictions being lifted, what was it, smart guy?

Can’t have your silly beliefs challenged, can we?

I’ve read several books, a few of them without pictures, thank you very much! I was also a Progressive for many years until I actually picked up an economics textbook, you should try it!

Yikes! Marxism has taken root in you, hasn’t it? Try watching this-

You can only pay people what their labor is worth! Unskilled laborers get skills on the job, the more skilled they become, the higher the wage they earn, its that simple. Its what built the middle class in the United States and every other developed nation. You can’t plan an economy, if you want to see where that path…