Second Thought | Is Capitalism Actually Efficient? @SecondThought | Uploaded 3 years ago | Updated 11 hours ago
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How many times have you heard the claim that capitalism is the most efficient system for the production and allocation of goods and services? It's a very common talking point in the "western world," especially in the United States. In this week's video, we'll deconstruct that myth and discuss what capitalist "efficiency" actually means.
Is Capitalism Actually Efficient? – Second Thought
SUBSCRIBE HERE: http://bit.ly/2nFsvTS
New video every Friday!
Capitalism and markets:
rdwolff.com/capitalism_is_not_the_market_system
Capitalist perspective on dangers of short-term thinking:
nytimes.com/2019/12/21/opinion/sunday/capitalism-sanders-warren.html
Marx on class structure under capitalism:
http://uregina.ca/~gingrich/s28f99.htm
Imperialism:
marxists.org/archive/lenin/works/1916/imp-hsc
Amazon destroying products:
itv.com/news/2021-06-21/amazon-destroying-millions-of-items-of-unsold-stock-in-one-of-its-uk-warehouses-every-year-itv-news-investigation-finds
Dunkin Donuts worker fired:
dailydot.com/irl/dunkin-employee-who-exposed-waste-policy-fired
Dairy farmers dumping milk:
cnn.com/2020/06/08/perspectives/cabot-dairy-farmers-pandemic/index.html
Potato farmers abandoning crops:
businessinsider.com/potato-farmers-destroy-potatoes-covid19-even-in-a-food-shortage-2020-6
Grocery store waste:
nrdc.org/sites/default/files/wasted-food-IP.pdf
Texas electrical grid problems:
nytimes.com/2021/02/21/us/texas-electricity-ercot-blackouts.html
utilitydive.com/news/the-real-problem-in-texas-deregulation/595564
Champlain Towers collapse:
nytimes.com/2021/06/26/us/miami-building-collapse-investigation.html
nytimes.com/2021/07/06/us/florida-condos-insurance.html
youtube.com/watch?v=seZHbB4Nijs
cnn.com/2021/07/08/us/miami-dade-building-collapse-thursday/index.html
Follow and Support Second Thought!
Twitter: twitter.com/_SecondThought
Patreon: patreon.com/secondthought
BuyMeACoffee: buymeacoffee.com/secondthought
CashApp: $JTChapman
Watch More Second Thought:
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What If...: youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi
Popular Videos: youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN
About Second Thought:
Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome!
Business Email: secondthoughtchannel@gmail.com
Get free access to Nebula with your CuriosityStream subscription! Visit curiositystream.com/secondthought
How many times have you heard the claim that capitalism is the most efficient system for the production and allocation of goods and services? It's a very common talking point in the "western world," especially in the United States. In this week's video, we'll deconstruct that myth and discuss what capitalist "efficiency" actually means.
Is Capitalism Actually Efficient? – Second Thought
SUBSCRIBE HERE: http://bit.ly/2nFsvTS
New video every Friday!
Capitalism and markets:
rdwolff.com/capitalism_is_not_the_market_system
Capitalist perspective on dangers of short-term thinking:
nytimes.com/2019/12/21/opinion/sunday/capitalism-sanders-warren.html
Marx on class structure under capitalism:
http://uregina.ca/~gingrich/s28f99.htm
Imperialism:
marxists.org/archive/lenin/works/1916/imp-hsc
Amazon destroying products:
itv.com/news/2021-06-21/amazon-destroying-millions-of-items-of-unsold-stock-in-one-of-its-uk-warehouses-every-year-itv-news-investigation-finds
Dunkin Donuts worker fired:
dailydot.com/irl/dunkin-employee-who-exposed-waste-policy-fired
Dairy farmers dumping milk:
cnn.com/2020/06/08/perspectives/cabot-dairy-farmers-pandemic/index.html
Potato farmers abandoning crops:
businessinsider.com/potato-farmers-destroy-potatoes-covid19-even-in-a-food-shortage-2020-6
Grocery store waste:
nrdc.org/sites/default/files/wasted-food-IP.pdf
Texas electrical grid problems:
nytimes.com/2021/02/21/us/texas-electricity-ercot-blackouts.html
utilitydive.com/news/the-real-problem-in-texas-deregulation/595564
Champlain Towers collapse:
nytimes.com/2021/06/26/us/miami-building-collapse-investigation.html
nytimes.com/2021/07/06/us/florida-condos-insurance.html
youtube.com/watch?v=seZHbB4Nijs
cnn.com/2021/07/08/us/miami-dade-building-collapse-thursday/index.html
Follow and Support Second Thought!
Twitter: twitter.com/_SecondThought
Patreon: patreon.com/secondthought
BuyMeACoffee: buymeacoffee.com/secondthought
CashApp: $JTChapman
Watch More Second Thought:
Latest Uploads: youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27
Spaaaaaace!: youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v
What If...: youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi
Popular Videos: youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN
About Second Thought:
Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome!
Business Email: secondthoughtchannel@gmail.com
