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. *Profits and Losses Explained:* • https://www.youtube.com/watch?v=mVbbFVKWdhI *Free Market Monopolies Myth—Refuting Robert Reich:* • https://www.youtube.com/watch?v=Mxqf3b34fe8 *2008 Financial Crisis Explained:* • https://www.youtube.com/watch?v=FCHahZ2e6kU • Introduction: (0:00) • Feudalism vs Capitalism: (0:52) • Late Capitalism Mentality: (1:44) • Cronyism NOT Capitalism: (2:20) • Wage Inequality Myth: (3:02) • A Mockery: (4:08) • Disingenuous Labelling: (4:47) • Individualism vs Collectivism: (5:21) • The Enemy Within: (7:09) • Taken Out of Context: (8:16) • Fallacious Employment Analogy: (9:55) • Profits & Environmentalism: (11:58) • Some Truth: (13:56) • The Crisis: (15:05) • Wolff's Hypocrisy: (16:20) • Soaring Costs: (16:52) • Concession and Lies: (17:39) • Wage Slavery Ignorance: (18:39) • Wolff's Contradiction: (21:31) • Ignorance of Wealth: (21:55) • The Gullible: (23:33) • Great Reset Scam: (24:18) • Automation Myth, AGAIN: (25:37) • Green, the NEW Red: (26:54) • Subconsciously Capitalist: (27:54) *Follow Me on Social Media:* • Facebook: https://www.f ... https://www.youtube.com/watch?v=jYItY8GZlQ0

Libertarianism is under threat from not just Libertarian candidates that seem to give Libertarianism a bad name, it is also being tarnished by people labelling Libertarianism with Donald Trump. In this video I set about debunking RockingMrE on the issues relating to Donald Trump as I support free flow immigration in a free market his support of protectionist tariffs is contradictory to his claim supporting the free market. ... https://www.youtube.com/watch?v=Z3zLDBbU18A

In this third part on Capitalism vs Communism debunking Marxist theory, I respond to the rhetorical nonsense claim that Socialism is about equality proving this Marxist criticism wrong as Communists like to make up things as they go along. This will further prove why Marxist ideology is a disaster with historical examples and why Karl Marx Theory simply couldn't work. I also provide an example by Thomas Sowell to destroy the Marxist theory and why the distribution of wealth is impossible, which is why when it comes to Capitalism vs Communism, Capitalism will always win. As you will hear in this debate some of the historical examples I gave that contradict his fallacious claims about Socialism being egalitarian as well as showing with the lack of information of profits and losses through prices there is no possible way he could achieve the egalitarian utopia which destroys his Communist propaganda. ... https://www.youtube.com/watch?v=Qe_qLl7_afE

Having explained the economic calculation problem in two previous part videos on profits and losses and on the variety of options, there was a lot of information I had left out. I thought the argument was suffice to explain in clear English the problem with the economic calculation in the socialist commonwealth. I recently had two video responses from @Mouthy Infidel and @Viki 1999 who responded with their own arguments. @Viki 1999 seems to be under the impression that this only pertains to the central planning problem, however, Mises argument on socialism was directed towards the real world of socialism we know of, rather than the theoretical perspective. However, his argument on the economic calculation problem wasn't saying that the failure was solely confined to central planning, he was saying that in the absence of market-driven prices it is impossible to calculate production and determine resource allocation. In other words, @Viki 1999 doesn't understand that all mixed economies are faced with the economic calculation problem and that the primary cause for the problem is in relation to government price controls. However, as I've argued in this video, even if socialists were to argue for a moneyless based economy there is no price information signals and I have explained extensively in this video on the importance the role prices play in the economy. @Mouthy Infidel turns to William Paul Cockshott, surprise, surprise, having done a little research he's a University professor at Glasgow University, by Christ will Adam Smith be rolling about in his grave. This embarrassment of a lecturer somehow believes that via mathematical equations using supercomputers, they can somehow finally solve this problem. As I have explained in this video and is important for me to reiterate this point here; supercomputers cannot calculate production without the information of prices and if price information signals do not exist, there is no information there to calculate for production. Collective decision-making as I have explained is faced with various problems, but never mind that fact, 70-million people can't all talk to one another at the same time and if you are to plan for such a large scale economy like Great Britain, you require the main central planner as I mentioned previously. When that central planner has to collect information and even theoretically speaking gathers such information from individual communes (if they argue this, which wouldn't be the case,) by people telling the central planner what they want and how much, it doesn't provide enough information never mind accurate information to calculate rationally. A free market through market-driven prices understands the information of how much to produce and where resources are allocated beca ... https://www.youtube.com/watch?v=Zjzofn0qzQ4