Why Capitalism Doesn't Work: Response to PragerU
Channel: LuckyBlackCat
Date: 2021-07-01

Debunking “Why Capitalism Works” by George Gilder on the channel PragerU, aka Prager University. And having a few laughs along the way.  

The reason capitalism doesn’t work is due to inherent flaws and failings within the system. The problem is not that individual capitalists are greedy. Individual greed can be an aggravating factor, but even capitalists who are well intentioned must make profit the priority. 

The result is an economic system which sacrifices people’s lives and wellbeing and which threatens the future survival of human civilization and even the survival of our species, all for the sake of profit.

Here's are a few more points I wish I had added to the video: https://twitter.com/1LuckyBlackCat/status/1409998919229227011



Update: I got a couple comments saying that glyphosate is not actually dangerous. The confusion about this is often due to studies focusing on exposure to glyphosate alone (which has relatively weak evidence for being harmful) and glyphosate-based commercial formulations (which has stronger evidence). This may be due to the way the glyphosate interacts with other chemicals. Glyphosate-based commercial formulations are what agricultural workers are using. 

You can read about it here https://en.wikipedia.org/wiki/Glyphosate#Glyphosate-based_formulations

"...a 2014 meta-analysis of the same studies found a correlation between occupational exposure to glyphosate formulations and increased risk of B cell lymphoma, the most common kind of non-Hodgkin lymphoma. Workers exposed to glyphosate were about twice as likely to get B cell lymphoma."

The link is to this study, though I only read the abstract https://www.ncbi.nlm.nih.gov/pmc/articles/PMC4025008/

I would also argue that even in cases where the evidence is weak or mixed, we should err on the side of caution when the stakes are so high, rather than force workers into a potentially dangerous or even potentially life-threatening situation. And countries should have the right to ban products based on what's called the "precautionary principle" (which would also be called the better safe than sorry principle).


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Say hi to me on twitter: https://twitter.com/1luckyblackcat 

►►Check out some of my other videos◄◄

► The Abuser Logic of PragerU https://youtu.be/tfrKOYKyXWw

► Meritocracy: Capitalism's #1 Myth to Control You https://youtu.be/ENsrf27uLJg

► Voting & Electoralism: Steelman Debates Steelman https://youtu.be/Mv7naNWfZ4A

► Playlist https://www.youtube.com/playlist?list=PLpgXZBN8fmc0t-rRGgKwDYfkBNSd8jYDS 

SOURCES

George Gilder: “Why Capitalism Works” (PragerU) https://youtu.be/w6adVQrSUAc

World Health Organization, “The World Medicines Situation”, 2004. https://apps.who.int/iris/bitstream/handle/10665/68735/WHO_EDM_PAR_2004.5.pdf 
(Most recent data I could find on lack of access to life saving medicines)

GM scandal
http://www.nbcnews.com/storyline/gm-recall/did-gm-reject-safer-ignition-switch-design-2001-because-cost-n81526
303 deaths reported here http://www.reuters.com/article/us-gm-recall-casualties-idUSBREA2D02U20140314
http://www.npr.org/2014/03/31/297158876/timeline-a-history-of-gms-ignition-switch-defect
Last Week Tonight episode s01e04, 18 May 2014
http://en.wikipedia.org/wiki/2014_General_Motors_recall

Air pollution deaths
https://www.who.int/news-room/fact-sheets/detail/ambient-(outdoor)-air-quality-and-health 

Corporate lobbying to stop glyphosate bans
https://www.theguardian.com/business/2021/feb/16/revealed-monsanto-mexico-us-glyphosate-ban

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