The Myth of Capitalist Efficiency - Matthew Raphael Johnson
Channel: Isidore
Date: 2021-05-13

This is another talk from Fr. Matthew Raphael Johnson an Orthodox scholar who is critical of both capitalism and communism which he rightly sees as both being destructive to the Christian social order. Here is the description for this episode on his podcast: 
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Dr Matthew Raphael Johnson looks at capitalism as an economic ideology in this podcast.

The human races are told that capitalism is the most efficient way to manage economic resources. Due to competition, enterprises have to use their inputs very sparingly to hold prices down. Yet, this only refers to the process of production, not the product.

The things that get produced and for what reason are irrational, inefficient and comically wasteful. Oligarchs charge rents, not prices. Markets are created, not followed.

In this talk, the work of Thorstein Veblen and many others is used to challenge and expose the conservative/libertarian fable of “capitalist rationality.”

Dr Johnson's new book can be purchased here: 
https://www.amazon.com/dp/B08Z2GQLNR/ref=cm_sw_r_u_apa_fabc_QX3AVFRTN4YR6B81STK5
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His website is https://www.rusjournal.org

You can listen to his show on: https://www.radioalbion.com/2020/10/the-orthodox-nationalist-archive.html