"The whole month of the whole season of winter
and entire month from December to January
is nothing but like, buying stuff, that's
when economically the year is globally financially
the best." So you could basically hear that
he's basically stuttering, he doesn't really
understand what he's talking about. "Scotty
M, so what? I have a neurological disorder
and I stutter and I have a disability, you
must feel like such a big man for using such
a low blow, I'm not a fucking kid, I'm 20
years old." I'm more mature on this matter,
you know, I try to debate the issue, I try
to put across the argument and he just comes
back with the childish sort of response saying
it's bullshit. "Instance, Capitalism in a
free society that hurts people." What this
boy has basically been saying before and from
what he basically supports, he's in defence
of this Communist Maoist Rebel News. "In his
lifetime Mao Zedong was a hugely respected
for the way that his Socialist policies improved
the welfare of the Chinese people." What he's
basically saying to you is, he's admitting
that Capitalism is in relation to a free society.
"Capitalism in a free society." Think about
that, he's actually opposing a free society,
that's what is funny about it. "Capitalism
in a free society that hurts people." We'll
take a look at this graph, this is a graph
here that you can see of the freest societies
in the blue and of course you can see the
ones further down the table as you go down
are the less free, right down to Venezuela;
Venezuela is now sitting 176th on the freedom
index, in other words it's a extremely repressed
country, but if you were to compare number
one, Hong Kong as a free society, if you were
to compare Hong Kong to Venezuela: "Look at
that... damn! here comes all that crowd running."
"The whole street here, these side streets
here in Jordan, district of Hong Kong." You
would notice an enormous difference. Hong
Kong from 1961 to 1997 had closed the wealth
gap between the rich and poor. The beautiful
thing about Hong Kong is the very fact that
it has no natural resources; it had no national
minimum wage, yet as one of the poorest places
on earth, once a small fishing village, Hong
Kong with no natural resources had thrived
and prospered, not just closing the wealth
gap between the rich and poor, it went from
an average household income of less than $5,000
to more than $38,000+ and that just goes to
tell you something, to do that with no national
minimum wage will show you a prime example
of what the free market can do for them. But
if you were to compare this to for example
Venezuela: "Long queues outside supermarkets
these days are all too common sight in Caracas
these days, people wait for one, two or even
three hours to buy basic food stuffs which
are in short supply in Venezuela." Venezuela
all thanks to the price controls and everything
else causing the food shortages and all the
rest of this, which I will of course get around
to doing a video, the brief again you can
check out on pricing, but I will do a video
explaining on price ceilings which of course
Venezuela is a perfect example to use in this
regard.
