Capitalism 101 -- What is Capitalism? | Yaron Brook Show
Channel: Yaron Brook
Date: 2023-01-10

00:00 Intro 
01:12 Capitalism 101 Series Intro
02:57 Capitalism: The Unknown Ideal
06:54 What is Capitalism?
13:23 What Marx misunderstood about Capitalism
16:08 We have to understand individual human beings
17:12 Reason http://aynrandlexicon.com/lexicon/reason.html
20:18 Individual Rights http://aynrandlexicon.com/lexicon/individual_rights.html
24:04 Capitalism leaves individuals free http://aynrandlexicon.com/lexicon/capitalism.html
26:15 Role of Government http://aynrandlexicon.com/lexicon/government.html
27:30 Why use the word Capitalism
29:00 We don't have Capitalism
30:40 Objections to Libertarians view of Capitalism
30:58 Invisible Hand
32:14 Spontaneous Order
37:00 I, Pencil
39:49 Capitalism is about the human mind
40:38 Property Rights http://aynrandlexicon.com/lexicon/property_rights.html
41:49 Summary

Live Questions:
44:21 In an interview in 1959 with Mike Wallace, Ayn Rand said “The currency of love is virtue…. you love people not for what you do for them or what they do for you, you love them for their values their virtues.” What does she mean by values and virtues?
49:09 Pre-society, a murder morally deserves death. Within a political context he deserves, morally, a life sentence. What is the delta in context such that we can move from the first true statement ot the second true statement.
54:37 Thank for the topic. You always say “Markets work” and it so true but people have not been educated to conceptualize markets as they so beautifully work.
56:05 What country of the four has the most capitalism: UK (plus Channel Islands), Singapore, Monaco, UAE? Can you go into detail on how you compare these capitalist places?
1:01:25 But who will think of the poor?! :D
1:03:54 Are there two different ways the culture uses the term “Capitalism”? I advocate the separation of state and economics and the Trader Principle, but someone told me I’m not a capitalist because I don’t own “Capital”
1:04:43 Since Capitalism presupposes a certain view of the nature of man and his proper morality, to what extent is there any utility in discussing it to the average person? How much does one need to know to see it is right?
1:07:56 Ok, real question: are there EVER circumstances where the government has the right to "shut down" society in order to protect public health? If there was a virus or contagin MUCH worse than COVID? Is public health even valid?
1:14:11 I'm told by my esteemed leftist mates that a free market is a simplistic concept that requires faith much like that of a religion.
1:16:25 Is "stakeholder capitalism" a type of capitalism?
1:17:47 The "nature of man being compatible with capitalism" argument is often thrown back in my face with something like, "but aren't humans creatures of reason? We can overcome the limits of natural proclivities". How can we best counter this argument?
1:19:42 Is credentialism a product of second handedness? When I send people Alex Epstein videos and they look him up and say “oh, he only has a bachelors degree in philosophy” and completely ignore his arguments.
1:21:53 Follow-on to capitalism failing in Russia - is America uniquely positioned to subscribe to capitalism because immigrants largely opted into it?
1:24:20 Are there more Objectivists from the American south or from the coasts? I’ve met a lot of southern Objectivists, particularly from Texas. I’m wondering if southerners have more of that sense of life to begin with?
1:28:16 What is the objective philosophical basis for marketing in business? It often appeals to peoples' emotions to convince them of a product's value.
1:30:18 What was the motivation of colonization and imperialism? Did they not know it was going to make the host nations poorer?
1:32:18 of stock markets and speculators in a capitalist society?
1:35:11 Your talk of reason and individual rights is great but it falls on the deaf ears of men like R. Wolff who believe that capitalism kills workers. Sad.
1:35:48 Why do you say Objectivism is harder than calculus?
1:37:08 Are assisted suicide programs being expanded because welfare states are going broke?

1:39:10 Future Capitalism 101 Shows
1:40:18 Outro

Show is Sponsored by Ayn Rand University https://university.aynrand.org/ as well as by https://www.expressvpn.com/yaron &  https://www.fountainheadcasts.com

Join this channel to get access to perks:
https://www.youtube.com/@YaronBrook/join

Like what you hear? Like, share, and subscribe to stay updated on new videos and help promote the Yaron Brook Show: https://bit.ly/3ztPxTx

Support the Show and become a sponsor: https://www.patreon.com/YaronBrookShow

Or make a one-time donation: https://bit.ly/2RZOyJJ

Continue the discussion by following Yaron on Twitter (https://bit.ly/3iMGl6z) and Facebook (https://bit.ly/3vvWDDC )

Want to learn more about Ayn Rand and Objectivism? Visit the Ayn Rand Institute: https://bit.ly/35qoEC3

#individualism #individualrights #marketplace  #Morality​ #Economy ​#Objectivism​ #AynRand