4.4 • 7.3K Ratings
🗓️ 28 August 2018
⏱️ 13 minutes
🧾️ Download transcript
Click on a timestamp to play from that location
0:00.0 | If you build something, do you believe that you have a right to keep it, sell it, or retain any |
0:06.8 | profit you make off of that object? Do you think that you have a right to choose what you do with |
0:11.3 | the fruits of your labor? If you do, you're a capitalist. Capitalism means the private individual can |
0:17.7 | control and freely trade the fruits of their labor. And to an extreme degree, as far right on |
0:22.4 | the economic scales you can go, these are people who pretty much believe you can trade anything you |
0:27.1 | want without regulation. In the United States, we have regulated capitalism. Some things you can't |
0:31.4 | buy, some things you can't sell, and some things you can't do as a corporation. When people criticize |
0:37.5 | capitalism, they often refer to the worst aspects of it, like crony capitalism revolving to our |
0:42.2 | policies or massive, unaccountable, multinational corporations. And in America, we're supposed to have |
0:47.6 | laws that prevent corruption, and sometimes it doesn't work, things got to control. When we see |
0:52.0 | wealth inequality, people start to advocate for socialism, not really understanding what socialism |
0:57.4 | is. I have a lot of friends who tell me they're democratic socialists. And when I ask them very |
1:01.0 | simple questions like, do you believe you have a right to profit off of your labor? They say yes. |
1:06.6 | And right away, you've just said you're a capitalist. Because the democratic socialists of America, |
1:11.7 | one of the lightest forms of socialism that we've seen, actually does not agree with profit. |
1:16.8 | And that is not my opinion. It's on their website. They actually are calling for the |
1:21.5 | abolishment of capitalism, meaning the private individual has no right to control the fruits of |
1:27.0 | their own labor. To varying degrees, there is socialist policy. Obviously, not every time someone |
1:33.9 | refers to socialism, they're talking about the workers controlling the means of production. |
1:38.0 | But that's the mistake they're making. Because when you actually look at the DSA once, they do want |
1:42.8 | to abolish profit. They do want to control distribution of the economic goods. And that's plainly |
1:49.9 | visible on their website. Too many people look at Bernie Sanders, who claims to be a socialist, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Timcast Media, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Timcast Media and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2025.