With the rise of capitalism in our society the gap rich and the poor is widening. I wrote this in my diary in March
2014 and just two years later in March 2016. I bought my first stock and became a capitalist
So what changed in these two years? This is what I want to discuss with you today. I
Often say that the money in the fuel of society - the fuel of civilization and
In order for us to understand why capitalism itself is the best system
We should understand how money works are the fuel of society so it is restr unit of transfer
Is it a unit of transfer of debt and that's where I mean, I'm talking about that
I'm not talking about just you lend money to someone it's not just about this debt itself. It can be
register because
for example in the Christian religion
there is something called Redemption Jesus sacrifice himself for the Christian people and
It's a form of debt that they have to him. They are intended to him
so most of the religions even the ranges are based in some sort of debt and
Whether is a region where you have to pray to God
it's because you are indebted to God and
Even in politics when you pay taxes is because you're in the debtors of government the government will protect you and in return
You pay taxes to them so money is the unit of this transfer of debt
and we all have that with each other and on each of the in society and the economic system is how this transfer is
Regulated how this transfer goes on the economic system is what will determine the political
system and the political system of course will determine our lives the economic system itself based on interaction between
Individuals and between groups in society and there are two main things which will determine this type of interaction
the first one is cows and
7 what is clothes before I continue? I want to tell you something. I if you ask me where I got this information
It's from multiple books that I read our the call box book about
About communism the Communist Manifesto Das Kapital. I read the Adam Smith. I read all the great economies
I read the democracy in America. So it's all from all this collection. From what I studied in this in the
Sociology all these things. It's what I'm talking about today
So you will not find an exact place where you will find everything that I'm saying
It's all my knowledge which are given to you from all of this
We can say that there are four main economic systems. First one is its
Temperance there is no cost at all a new cloth at all. This is socialism
This is also communism. But communism it is more evolved form of socialism with communism
That is no government. Also, there is no money at all
there's no state set in form of Anarchy and the second form is fascism fascism is
There is a cost but you're close
so when you think of fashion
Don't you think about Mussolini about Hitler but it's not just this so in this system where there is a cost, but no
Cloth is the form of fascism. It must not be violent. So then there is nonviolent fucking ham
for example in
modern lecture in
Nationalistic society when nationalism is interest. It is a form of fascism, but it is not a unit
So these people will say that the people for ethnically similar to each other should be the leading
It should be leading the society in comparison to the minority
And these are the type of people from portafilter walls who will want to close borders
Especially in Europe in Hungary. There's the Prime Minister's telling doctor
he wants to grow the border with the European nation because they are breathing migrants through this country and
Also in Russia, you can see this even if Putin has been using financier in some cases, but he's not a full
fascist like Hitler Mussolini
His army
We can even include religious fundamentalism as fashionable. If you look at the Islamic state Isis they have this
This believe that only one religion should be leading the other religion
They already just could not one religion is better than the others. So it's a form of fascism
It's a full of a gas system without applause because it doesn't matter in this particular range gentlemen
but that is Islam then whether you're rich or you're poor but matters what you learn attorney follows the third type of
System is mercantilism in this one. There is a cost and there is a class system
The mercantilism is not very relevant in today's age, but it has been relevant in the poor
for example
let's talk about England in the 16th or won a Queen Elizabeth the first of England she
Decreed a royal charter allowing the creation of the British East India Company
so it's only a group of merchants who had the authority to be poor a black company to go and
Colonize other places in the beginning it was not for colonization. It was for trade but eventually became
for colonization
So it's also about Christopher Columbus when killed is a bit of spin send him to discover the new world
It was a form of caste system because not everyone could join this company
it's only some people chosen by the king through the reserve itself was a form of
caste system because in feudalism
Funeral Sam actually was not mercantilism in mercantilism
There was a class system, but if you tourism there was no crime system
if you were born in cost you will die in this course even in the
Enchanter Hinduism there is this cost system. So now let's come to capitalism in capitalism
There is a closed system, but no consistent
so in capitalism, it doesn't matter in which one in your board, but if you have the capability to become
You are able to go from plants across to move from class to class
So maybe you are born in a poor family, but you can move to an upper class if you can build something
So this is what capitalism is about and what differentiates it from the other economic system
Of course, it is the middle more than this. I
Jerusalem there is communism and syndicalism is a former fashion derp, but you cannot compare it so that of course
Thousands of such systems and I know that he evade are near simplification by talking about this forth now
Let's concentrate on only capitalism fascism and socialism
Mercantilism is something I said was relevant only in some years and a few centuries ago
So it's not anybody heritage if we are talking about this free
I will say that we are all of us or capitalists all of a fascist and all of us are
Socialists in some ways if you think of the family for example in a family we are all socialists in the family. There is no
There is no cluster in the family or to cause in the family. We are all socialists there
You have your brothers or sisters? You don't have a car successful brother if they
Ask you for something you just give that something to them without expecting anything in return
The family unit itself is that not it's a form of socialist policy
Even if you will go into Wall Street in those works with Vern Lester, for example, Goldman Sachs
There are two workers of Goldman Sachs. They are working with each other
and now one of them does not have let's say a pen and
He also for his colleague for a pen and weather colleague will give him the pen
That doesn't mean that he has to expect somebody there is no clause
It's a form of socialism and in the past we were also Chinese because I forgot the rest
It's something called primitive communism. There was no government at the time and
We were also cited because we were already the same thing. We are all hunter-gatherers. There was no
Specialization that always have today in the capitalistic societies. So why do we say that?
We are all in somewhat a fascist is because let's say for example
They contribute in which were living of course citizens have more rights than residents who are not
citizens of the particular country, so it's that
Doctor it is by
reverse socialism in some cases like the family said
it would be bad if the family in director and a capitalistic society and it will be bad if
Not citizens residents were given the same rights as citizens a hundred percent. Of course, there is a need for
fascism and socialism in society but at the mind
Rate and it should not be violent. But now what's very important is that capitalism should be the one leading the society
735 results why capitalism is the best system the first one is of course freedom
You can start a business before you have the right food
so capitalism starts at an earlier age than democracy and
If you look at China China has never been a democracy, but it is a capitalistic society if you will look at leader in
tender
Capitalism before it reached into a democracy even if you're reducing ago
It's moving toward a democracy today, even if it was in capitalistic society before why often
Fail my opinion democracy failed. It's because they had an early car key and an earth donkey is a form of fascism
so the did not had the
capitalistic system
And even if you will give all people the same right people if you don't give them the right to make money if you don't
Give them the right to to start a business to be free in doing business. It will fail
Yourself how is a
challenger successful in the Dodecanese industry that in knowing Finland in Denmark
You're wrong to think that it is purely at random this countries of Pakistan sick countries, but they have high tax rate
It's wrong to call this country asylum
Of course, they couldn't empty malpractice societies, but the work surface in Europe and the world societies in America is different
It has different meanings. Let's say for example
Roaming. This country is rich in oil and
the way they make their money in order for them to afford this welfare system is that they have diversified from oil and they have
create that he
Summer Infant is actually the lowest
sovereign fund in the world and this sovereign fund the money of this part is going down when investing in
American companies such as Apple Google all these big companies they have in the portfolio of the same arrangement. So in some way the
Society's country of Norway is being funded by American capitalism
And if you will look at all countries both countries
Which have been such a fool not just the big ones forget about America. Think about the small countries
They have been successful not because of democracy
But because of capitalism kappa
Capitalism has created the foundation of what will lead to democracy in the later stages of the development
Because like I said in China
There is no democracy. They are being successful because of this capitalistic society in Japan. Japan was not a democracy South
Korea was not a democracy in the beginning. They had capitalism and this character eventually led to democracy
So, I believe that will be a hundred years in two hundred years. Hopefully China will be a democracy all over the world
There is democracy and capitalism
Is an important
Catalyst for the rise of democracy around the world the second result of why capitalism is the best system is because it is ruled on
The market so I like socialism
with
Omar fascism where there is the men in Divini the government is that you what you should buy at all nerd vibe here
Capitalism. It's rude at the market. Let's discard Kalitta. For example, you make this converter
You are selling this calculator to me
Now if your competitor makes a better calculator at the local price, of course, I will go to your competitor
It's one of the advantages of capitalism it
Encourages people to develop the technologies thus one is the most of the of the best
Technologies that we have to deal Facebook the iPhone
Google
And yet all these big companies run coca-cola and do not all these big companies all from the United States of America the most characteristic
Countries it could be the world
if you are thinking about
taxing
Businesses corporate taxes in other countries for example in France. We have such a high corporate tax in
Norway in the Nordic countries the Scandinavian country they have high tax rates in order for them to afford the welfare system
But this our polenta business problem and you don't see companies such as Google in the in France, for example
You don't see companies such as Microsoft in
Ruby it's only because these companies can only evolve in the consumer capitalism
Is the leader of course America has a tax rate? Yes
It's important to tax people
but not such a
High tax as in front or in the Nordic countries and usually when the people are doing businesses they are going for profits
So if something is not working
They will abandon it to do something which is better and if is still not working a competitor will come and will
change everything
So it's always better for the consumer and we are all consumers
The third reason why capitalism is the best ever step is because of unlimited resources. Everybody wins it
It is not a solution bill. There are no not just on the winners and losers
Everybody could mean of course
Some people will be more than the others but everybody wins in capitalism Adam Smith talked about this
He said that the in capitalism are not in all the of the system its resources. Oh
Let's take for example the Soviet Union. It was a socialist country. Why did it feel in the beginning?
It was one of the best countries in history. It sent men to space before America it
Even traded faith because resources are to be dead
But it what it when all these resources that it had
It could could learn of the group in the same amount of resources because resources were not increasing in a month
of course the whole system pain and even today with paternal shatters the same problem with
resources only that they had all but they cannot grow in all
Indefinitely. This program was the same with Libya the same with - without the same with most of the Middle East countries when
resources
Go extinct because resources will coexist with China with fascism
but not with capitalism with capitalism that we always do resources and social it always increases because in capitalism
human is one of the most important resource if you think about the green you give some
Politicians are promoting this of course I decide what it wants to do
It wants to sit and I met it was to be the world a better place
It's very quick in this but you have to be realistic about it
So let's say it costs 40 trillion restaurants. So, where do you get this 40 trillion Westeros?
If even if you will ducks for the billion years
They will get only two billion to treat your US dollars from them
And once you get the money from them you cannot get the money again next year
So because you will run out of billionaire. So again, it's a system which limited resources. How can get so much money
It's not that you will with money
Without any limit this will get create hyperinflation
this will create huge debt deficit for the United States and in the past the government had tried to make
university tuition free they cannot have tried to pay for this and it failed because whenever pay for this what are universities
Did they works the price of children? Because they do that talk about the basis of the minerals
we're going to be any fee possible and
Eventually, the government said that they could not pay more and stop being where the fee did not go down. It never went away
That's why nowadays. You see people students having to take loads in order for them to study at the university
so it's a problem because when a quarter to
to kind solve the problem but you'd feel but in a capitalistic society when there is competition between universities these
universities will have to
Degrade the brass in order to attract students
So it's one way that capitalism is better than just government intervention in the economy
The full reason why capitalism is the best system is that it is a promoter of peace around the world
You will never see
Capitalistic countries going at war against it for them and this because it's better to do trade not due to war and this is why
Adam Smith for his book The Wealth of Nations
He did not call it theory about the making and working a model. He call it The Wealth of Nations
He believed that in a capitalistic world where?
people where countries with anger engage in trade between each other then Willis was let's take the example of
Great freedom of the Danakil any wars so after defeating France
The other countries Russia Prussia with these countries they wanted to Paris France, but great
We then decided that it was better to let France be
Independent and just it will be better for hero. So Britain concentrated on doing trade with it
It's Teddy trees around the world and also with France and other you countries
This was one of the most peaceful years in European history
And it's only because Britain allowed for this peace with France and allowed for
Capitalism to grow even after the Second World War the United Stated have perished Japan or Germany
But they instead decided to let up and grow by itself to help
Japanese capital example to have a German
Capitalism group because eventually this will lead to move a more prosperous future for both countries
And the fifth reason is that capitalism is always supported the capitalism of Adam Smith
Is that the same capitalism we have today and even a dog he did not invent capitalism
there was capitalism before Adam Smith and
Run in the the starting ages of civilization there was capitalism
There was always capitalism in the Italian republics of the the Middle Ages
There were capitalism. The main de Medici family will work at Dallas
In Amsterdam in when the Dutch East India Company was founded this is when the stock market was founded
This is also an estate of the development of capitalism
Perhaps we found another stage of the development of capitalism the music of Franklin D
Roosevelt was an important stage in the development of capitalism because this
development around for some socialistic policies to end up captain sir, if today
Capitalism is not on the line. It used to be the Industrial Revolution HS because understand
You were allowed to
Employ children, but not to me capitalism is evolving
It's always evolving and today before before because I have been talking about this recently news
We are entering an age of capitalism with our if you look at the top four companies in the world
most of these companies are based on some
intangible assets intellectual property so
Capitalism is always important in the future the robots the AI working for us. So it it's important
Those are the system they don't you found out that much
They don't involve much design result if you will think about social anomie, but this socialist society is when we were all hunter-gatherers
This is what I think about when I think of society term, I think our hunter-gatherer Society. We were all like monkeys
Hunting and gathering fruits. That's our lives in the societies in topia
Any participation will be either slaves or slave master visitor or new relations
We can have with each other but capitalism
Allows people to develop it allows people to move from class to class
Even if there is a loss, of course
I understand that there is barely income in work done
And that work loss is getting the close the rich cross the middle class and also the poor
There is a captivity and it is something that you will rather talk about this since capitalism can avert
We are the people who should be making capitalism ever be also people who should be changing capitalism to make it better
that doesn't mean that we should totally upon it to add the fascism of
Societal make sure to subscribe and to turn on the notification that you don't miss tomorrow's video. Have a nice day and good. Bye
