Myth of Late Stage Capitalism
The myth of late stage capitalism is something you commonly hear among countless many spreading the erroneous claims that somehow today's economy is capitalist. I've reiterated numerous times before that we do not live under a capitalist system, but a mixed economy. As I've addressed, late stage capitalism is merely just an attempt to pretend socialism isn't present, therefore to exonerate socialism of the blame for today's economic problems and to project the blame off onto capitalism.
The argument of late stage capitalism comes with the usual myths about capitalism, whether it is about the wealth gap between the rich and poor; the famous automation myth that apparently is destroying the demand for human workforce, or that the economy is plunging towards collapse complaining about climate change and soaring private sector costs and the serious debt crisis. What they don't tell you, however, not only was none of this to blame on capitalism, but it had everything to do with their socialist government interventionism in the economy.
Whilst I can sympathise there is a problem with today's economy, they concede by acknowledging the fact capitalism is about the market regulating itself. A big concession given the fact they claim they live under late stage capitalism. The truth is, they wish to project the blame off onto capitalism, thus, to further the agenda of socialism.
In this particular video I don't go into too much detail as I have already covered a lot of the stuff contradicting the narrative they spout, however, what this video illustrates is the anticapitalist mentality and the problem with their erroneous arguments.
*Follow Me on Social Media:*
• Facebook: https://www.facebook.com/LibertarianViewsScottyM
• Twitter: https://twitter.com/ScottCJMcKelvie
• Parler: https://parler.com/#/user/LibertarianViewsScottyM
• Gab: https://gab.com/LibertarianScot
• Minds: https://www.minds.com/LibertarianScot/
• MeWe: https://mewe.com/i/scottmckelvie
• WordPress Blog: https://libertarianviewswithscottym.wordpress.com/
• LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6
• Rumble: https://rumble.com/c/c-390494
• BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/
*You can also support me here on Patreon:*
https://www.patreon.com/LibertarianViewsScottyM
-
12:34
Libertarian Scot
1 year agoFreedom: Refuting Vaush on Freedom
173 -
0:21
ViralHog
3 years ago $0.15 earnedStage Jump Timed A Little Too Late
5.4K -
1:15
FloridaRealEstate239
3 years agoThree reasons why lumber should stage a late summer rally. #SWFL ALLSWFL.COM
24 -
0:42
StevenJames
3 years agoTombstone stage line
71 -
LIVE
WeAreChange
2 hours agoBIBLICAL?! Trump Getting Shot In The Ear And Getting Back Up ACTUALLY PROPHESIZED!
2,244 watching -
LIVE
Drew Hernandez
9 hours agoTRUMP RALLY PA & KAMALA BOMBS BIG GIRL MEDIA BLITZ
1,143 watching -
LIVE
The Big Mig™
20 hours agoSoprano’s Drea De Matteo, Bada Bing Bada Boom
1,627 watching -
LIVE
WeatherNation
2 days agoWeatherNation Live 24/7
1,992 watching -
LIVE
Melonie Mac
2 hours agoGo Boom Live Ep 24!
525 watching -
LIVE
2 MIKES LIVE
1 hour ago2 MIKES LIVE #127 Tracking Milton, News Breakdown w Special Guest Mandy Gunssekara!
224 watching