The idea of Marx as a Rothschild shill…was raised as a concern by his contemporary rival in the First International, Mikhail Bakunin in 1869, who was not even aware of the fact that Marx and Rothschild were cousins. Bakunin wrote presciently: “This world is now, at least for the most part, at the disposal of Marx on the one hand, and of Rothschild on the other. This may seem strange. What can there be in common between socialism and a leading bank? The point is that authoritarian socialism, Marxist communism, demands a strong centralisation of the state. And where there is centralization of the state, there must necessarily be a central bank, and where such a bank exists, speculating with the Labour of the people, will be found. “ -Mikhail Bakunin, Profession de foi d’un démocrate socialiste russe précédé d’une étude sur les juifs allemands, 1869.
No. He was right. Marx once (reportedly) said that, " ce qu'il y a de certain c'est que moi, je ne suis pas Marxiste” (“what is certain is that I myself am not a Marxist”). 🤓😉😜😜
@@martynholden3478if u read Marx you would know that business requires exploitation, it is inherent, Marxist don’t argue I don’t get enough bcuz of my wage, we argue I don’t get enough because of exploitation, the chase for profit under capitalism directly attacks my wage and any other benefits would/could receive, and that if I start a firm (excluding the capital needed to start one or the future capital gain/loss) I will have to exploit a worker somewhere, the chase for profit directly requires the capitalist class to underpay and overwork workers
that is the point . you can hardly dispute his critiques. from the 18th century to modern times his ideas on capital and labor have held true. Other economic theories have faced the tests and challenges and modifications but not Marx's economics. Unfortunately Marx's economic principles are perceived or were projected to be aligned or rather only aligned to the communist system of politics and governance, in particular Soviet Union. They are actually as relevant in all types of economies. And hence the Western countries, especially the USA and their economists and policy makers either criticized him or ignored him.
@bearjew Marriage being a part of capitalism? Yes if you just state that he was for abolishing the idea of marriage and family it does sound a bit irrational, but not because it actually is, just because you probably never thought about it in an objective way. He was living in the 19th century, and no matter what you think of this, you firstly have to agree that his ideas were way ahead of his time. He argued that by getting married, certain roles were given to the man and the woman which will lead to further inequality - and exactly what he said inspired Clara Zetkin in the nearer future. Also, he did predict the future in a way that marriages will often happen because of financial or religious reasons, which is true as well. Also, a man born in the 1800s understanding the basic human nature of poligamous relationships and sexual needs is a huge thing, no matter what your personal opinion is on it. And don't you think that it is a bit problematic that children are born into families they do not choose, which shape them up for their whole life and they can't really do anything smart about it? Don't take ideas of people born 200 years before you literally, try to understand the true value of them.
@bearjew did you fail to realise that most of your 'arguments' here were only insulting other people directly without any reason other than "you left wing people are so retarded and stupid and comunism kills!" It's fine if you have an opposing view but then learn how to have a civil discussion and educate yourself on all sides from neutral sources
@bearjew and btw attacking people on the internet for spelling is pretty immature since you don't know if the person you're talking to is a native speaker of the language you're speaking on
@@abcdefghijklmnopqrstuvwxya9604 It seems a bit more balanced than that. They at least addressed the failures of capitalism mentioned wealth inequality amoung them.
even if working-class "win". they still a working class. to have happiness or improving quality of life, one has to deal with tremendous sacrifice or be born with the family who in past life going through the sacrifice. working-class know nothing how to improve life, but complain and complain. in the end, they cant escape fate.
Karl Marx was third cousin of Nathan Rothschild you know thew same Rothschild's who own the economist, bankers love communism (ie a complete monopoly over everything) its why they created it to wipe out the middle class and make all non chosen people peasants !
"...however Marx underestimated the ability of capitalism to make everybody richer by making products much cheaper." Correction: Those cheaper products are made by cheap labours in third world countries to make everybody (in western countries) getting richer.
Aditya Adinegoro correction to your correction: Yes, things can be made cheaper by outsourcing labor, but mostly things became cheaper because capitalism fosters innovation (such as the assembly line, interchangeable parts, etc) which make things cheaper to produce.
Sigma Geranimo Well for both of you I have a simple answer. Sigma, under previous administrations, taxes have been relatively high on businesses and their products in the U.S. (higher taxes being more characteristic of socialism btw). For this reason companies have found it cheaper to set up shop elsewhere and import their products here with no economic consequence. Cheaper labor can be a factor, but now that we have more fair taxes on their imports, many businesses are actually coming back and saving money. Muhammad, while creating new products and selling them does get more expensive, profits tend to be relative (to an extent) to the amount of production. So yes, we make more goods but we also make more money. At least that’s what I think you’re getting at, if it’s not lmk and we can discuss further.
@Sigma Geranimo they moved out because of taxes. If the government didn't raise the taxes for rich people/companies, they would have stayed. I didn't even live in the USA, and I know that Obama is left leaning, like big government, high taxes, socialism. You can't tax people who have the money to move where they will be taxed less. You should be ashamed of yourself, go learn about your own country
@Sigma Geranimo I am from Brazil, here the average worker get paid 350 USD per month for a full time job, 2 per hour I think, not sure. Tell me, why aren't companies from USA opening factories here? Why aren't they creating more jobs, why don't they come here. Want know why? Because the government doesn't let them profit. There is a law which forces ALL corporation to pay the same salary of the employees for the government as taxes. You understand how fucked up that is? If a Baker from your neighborhood decide to hire someone to help him he is forced to pay the minimum wage twice, one for the teenager and another for the government, twice the spending. Now imagine that on a big corporation, with more the thousands of employees. Did you get how fucked up that is, how the government intervention is holding back my country from growth and becoming a first world country.
talking in relative terms. while wealth has raised collectively, RATE at which people have attained wealth has been increasingly favorable for capitalists.
@@shollyboster9115 "The number of people in absolute poverty has diminished" is true, globally since 1980. China did the heavy-lifting, which is communist/capitalist hybrid.....
What's nice about capitalism as marx points out is that eventually there is a surplus of supply. If you combine this with Marx's other argument that air isnt payed for because it is abundant then you can easily see why it is less important nowadays to have capital to have a life full of modern luxuries.
@The BlackMace im chinese and your right china is only communist for the sake of one party rule its communist policy is only there to benefit the party power base its financial policy is extreamly captialistic much more so then the us the term dictatorship/captialism is indeed a more accurate
@@jaroslavconka3042 Towards the end it straight up lies and claims that Marx was wrong about capitalism being able to enrich people. This is something Marx himself pointed out. It's also funny that they claim he was virtually unknown while alive, since, for example, he sent a few letters back and forth with Abraham Lincoln, who was a bit of an admirer. The video was also inaccurate in saying that the ideas of communism came about after his death, since he used the term and theorized a bit about the transition from capitalism to communism and laid out important characteristics. It also entirely skipped over historical and dialectical materialism, which were developed by Marx and are crucial to understanding his theories.
@@vallokius886 Oh yeah. Interesting. So the video is annoying because it tries to be correct and therefore seems correct and objective. On reality however, it even gives us some lies about him. The Economist is conservative propaganda after all
@@tinytank6642 How are they anti slavery when they support something with the single point of being pro slavery? That's like saying Henry Ford still liked Jews despite supporting the Nazis for killing Jews. Were you high or something? (Not judging, just curious)
pretty sure marx/engels were not about distributing wealth "evenly," but _fairly._ To each according to their needs, not to each according to evenness. EDIT: to be fair, the word "fairly" up there is not quite accurate either, as that can be subjective.
@@radutomoiaga994 The supposed "100 million" deaths from communism is a completely made up number. It's based on The Black Book of Communism, which has been debunked several times - even by Harvard scholars. Both for bad math, absurd guesses and so on. But just to make a point, let's just "assume" that socialist countries and famines occuring there have killed a 100 million people, from 1917 to 1991. That's 100 million people over 74 years. Now take capitalism, an anarchic and chaotic mode of production that produces e.g. food for more than 10 billion people, and yet 900 million can't even eat properly. Between 20 to 25 million people die each year under capitalism, because of distribution-related problems. That means, every 5 years, capitalism kills more people than socialism supposedly has over 74 years. Over the same period of time, capitalism kills 1440 million people - and that's inherent to the capitalist system, not because of geography-related famines.
@zachary bukhari Are these things inherent to socialism? No. What is inherent to capitalism is the contradiction between exchange-value and use-value. In short: The commodity form in capitalism means that things are sold because they're used by people, but instead of then distributing based on use-value, we produce and distribute based on a maximization of exchange-value. This is why the housing crisis happened for example. Or why 20 million people die because of economically preventable causes every single year - because of a distribution problem inherent to capitalism. So tell me which one killed more, the trillion deaths from capitalism, or the 20 million deaths from "communism" that happened over 70 years (and that is if you count geographical famines in the USSR and China - ones that would have happened. But just a reminder that the quality of life increased massively in both the PRC and the USSR as compared to the previous regimes, under KMT and the Tsarist semi-feudal empire respectively. Not to mention that famines occuring every 2-3 years in both Russia and China suddenly stopped - maybe because collectivization of agriculture and the social ownership of the means of production tied together with a distributing based on utility works). Capitalism does not work for the masses.
"He was completely right, but he's wrong because 2 superpowers got corrupt for relying too much on old power structures (something he literally warns about)" -the Economist
The video also forgets to mention that the rest of the world didn't allow the USSR to exist without constant trade sanctions and global proxy wars. Thus, the USSR had to focus disproportionately on military buildup. The USSR was the second most powerful country on earth. It was also #2 in scientific literature.
Yes, there were only two such states) Let's forget all the communist dictator regimes and pretend, that there are NO examples of trying to build communism irl😊
@@i_m_the_m You're saying that as if there weren't many attempts to build democracy in general. Most of which also ending in totalitarian uprisings. The difference between those two, however, being the USSR suffered under constant propaganda and LITERAL THREATS TO DESTROY THE ENTIRE WORLD IF THEY CONTINUED TO EXIST. Russias transition into Capitalism, along with the other former Soviet countries lead to many becoming even more destitute on a daily basis than the worst times of the USSR. Russia and Ukraine became oligarchies who hated each other, Georgia and Belarus became puppets, Poland is currently having a backside in LGBTQ+ rights and is currently using its support for Ukraine to whitewash that fact and the different North Asian countries that were part of the USSR before are completely broke. Along with the African countries constantly becoming banana republics since their switch. What a great economic system you had there. The Soviet block fell in 70 years. The Capitalist block collapsed into imperialism in 7
@@rickrolld1367 actually no, in the industrial revolution people would work 20 hours a day, including children, in the most developed countries, today that is comparatively rare in those same places
@@LoremasterLiberaster Their interests are of the bourgeoisie. The economists are the scientific representatives of the bourgeois class. Criticisms towards Marx, whatever they are, should only come from communists, and not bourgeois economists.
Marx definitely did NOT say he thought wealth *should* be divided up *equally.* I don't think he just said take the wealth and divide it by the population. I think what he was saying is the means of production would be owned collectively and everyone would get what they needed. Now of course in a highly technological society a lot more than basic needs would be possible, but certainly nobody would go without. I sometimes think the Welfare State is well on its way toward that, where nobody would ever fall below a certain level while humanity reached great heights. The bigger problem might be how collective ownership achieves this in mass technological society, so to this point we have markets and taxes and worker protections.
today's western welfare states are built upon the exploitation of the Global South, it's imperialism 101, my friend. They export capital, and use cheap consumer goods to pay for the workers in their own country.
You're extremely naive about the average human. Your utopian vision is beyond idealistic. In a reality where most people take the path of least resistance, you would quickly find an excuse to call the circumstance "not real communism"
@@Leo-fz7kz no, reformist socialists are democratic socialists, not social democrats, I understand that it's easy to mix the two, but please don't. Also, welfare states aren't dependant on the exploition of anything, they're funded by the large taxes in developed countries.
Perfectly Fine Social democracy has changed a lot, it was reformist socialism until the latter half of the 20th century and some people consider it to be that even today. Also, modern welfare states wouldn’t be sustainable without globalism and the availability of cheap labour and materials in the global South. This has been know forever and the likes of Lenin predicted it ages ago.
Thank you, this video is insidious because try to give simple explanations for complex problems, and then I will do the same 20 century socialism isn't the end of socialism but its beginning, will be other forms of political and social organization if capitalism doesn't destroy the Earth.
Perhaps, but Marx's vision of communism requires a strong state to enforce 'public ownership' and 'equal redistribution'. This type of state cannot exist without absolute power, ergo they need to crack down ruthlessly on opposition. And this is the most optimist and neutral approach, in practice those supporting communism are generally resentful of the rich and will engage in organized slaughter of them when given the power to do so (In Cambodia especially).
Nemanja ĆIrić compassion?😂😂😂😂 In the middle of the woods when a wolf den is surrounding you. You people talk compassion and equality😂😂😂 oh the hilarity.
Barely touches on actual Marxian political-economy: labor theory of value, tendency of the rate of profit to fall, etc. this video spent more time on Leninism, Marx's personal life, etc.
Thomas Mascari exactly, and they equated Stalin’s totalitarianism with Marx’s calls for a stateless society. Neither the right nor the left are monoliths and treating everyone who claims to be on the left as descendants of mao and Stalin is completely intellectually dishonest. People hear economic control and clutch their pearls claiming the government is gonna control their lives when they can’t see the current “laissez-faire” approach (if you could even call it that unironically) leads to corporations and the wealthy taking over economic control instead. Until there’s an actual non hierarchical, stateless, classless society like Marx predicted and advocated for there will always be someone or some group of people in charge of the economy and until that society emerges, if it ever does, you have to choose whether you want to advocate for an elected government to be in charge of the economy or some capitalist who’s main goal is to extract as much surplus value out of your labor as possible
The Economist has made videos of this format over 7 minutes long, and using that time to actual talk about his contributions to political-economy would have afforded them some intellectual integrity.
@@rikishi555 That's nonsense, Marx, like Adam Smith and David Ricardo before him, were writing political economy, which incorparates philosophical, social, economical and political themes. If Marx is 'just a philospher' then so is Ricardo. Btw, the theories of Milton Friedman etc are highly ideological
@@raymondhartmeijer9300 it is because of milton friedman, China is a rich country despite being a communist state. Tell me which country is rich because of karl marx?
I remember completely reading Marx's Capital, and was so overwhelmed and blown away by his analysis. I needed some time to comprehend his work ethic and diligence, because I'd never read a genius before and was in awe how a human being could've produced such a thing. Through his analysis, that man was ahead of his time, and is waiting paitently for us to rise to his call.
@user-bh9xh3xb5t Communism is the achievement of a classless, stateless, moneyless society (doesn't sound like China). China, on the other hand, is an authoritarian, capitalist state, of which (supposedly) "socialist" (in reality authoritarian) policies concentrate around controlling citizens. If you're really a socialist who cares about the movement, never ever mention the lie that China is communism, because in reality is not even close to being socialist.
@@joaquin991 Capitalism is a flawed system too. There has never been an unflawed system. I'm just saying its possible to create a society where people don't need to worry about poverty and homelessness. Socialism and Communism failed because of corruption at the top. But if you could solve that a perfect system could be possible.
@@joerogaine3093 Well how do we possibly create a system that could eradicate the fear of poverty and homelessness? capitalism, or eco-socialism if you do not care for the environment. UBI is the future, I have no idea why it labeled as "socialism" or "radical" for that matter. Nowadays trying to help the poor is "radical".
Marx never underestimated the productive capabilities of capitalism. He just said that there was a better way we can be productive with a social plan instead of the chaos of the market which wastes a lot of resources(expenditure on marketing instead of R&D, turbulent equilbration, over 80% firm failure rate, resource depletion/environmental degradation...)
@Glorious Bastard so you would rather pay $700 for insulin or an EpiPen (and also go into lifelong debt simply for existing) rather than losing your options of CoolRanch™ or NachoCheese™
@Glorious Bastard you literally just made an argument for socialism. Consumers will purchase what is cheapest, while also maintaining quality. This creates a problem because monopolies form. They can't simply be "broken up"
It's always strange to see people making this argument, especially since he argues that capitalists are constantly revolutionising the means of production in Capital volume 1. It's almost as if the people most eager to criticize Marx haven't read him.
capitalism provides fair opportunity comrade, under socialism just ask any Romanian or Ukrainian or Cuban or N.Korean everyone is equally poor HA Just think about it! seizing all property is seizing the production privately owned by the people from the people's cold dead hands and straight into the hands of inconsiderate centralized power giving the monopoly of power to the state essentially creating a totalitarian state where the people are unwilling puppets... Collectivization is always tyrannical, only Individualism can bring about true equality where people are viewed as worthy individuals rather than a scrutinized group...
"Only eleven people attended his funeral" Thats more people than I currently have in my life right now. What is wrong with 11 people going to your funeral????
He lived in SEVERAL countries, he died in a foreign country, It is kind of clear not many would attend. Whoever wrote the article is not very smart, or is secretly trying to be smart to convince people.
i love how the first half of the video is a fair summary of Marx and his ideas and then it just quickly falls off the rails and lies straight to your face.
You're video completely contradicts itself when it admits that capitalism has both created a giant wealth Gap between rich and poor...and at the same time has somehow made everyone rich!! Marx did NOT underestimate capitalism.
Aric Dideriksen no it made EVERYONE richer. But didn’t decrease the gap between rich and poor. Because that’s wrong for a heart surgeon to have the same wealth as a McDonald’s employee
Most of the world aren’t working on farms anymore and have expendable income. The statement that there is a wealth gap does not contradict the fact that we have become richer.
Right from the beginning I can call bullshit. Marx provided a critique of Capitalism. Not "solution", but critique. Further, Marx's theory, if I can simplify, is the theory of evolution applied to economics. The "solutions" you are talking about are the charecteristic of what Capitalism will evolve into. Marxism is not some other economic ideology one chooses willy nilly like icecream.
Feudalism evolved into Mercantilism which evolved into Capitalism (which can be said to have evolved into Welfare Capitalism and Mixed Markets), I don't see why it wouldn't neccesarily evolve further - perhaps into some absurdo-gamified economy.
Ben Berzai Free trade evolved into crony capitalism. Some people like Carnegie, rockerfeller etc... They won the competition. And got extremely wealthy. Crony capitalism is a response to the fact that in reality, wealthy people will always go into politics. The idea that free trade and voluntary choice remain that way forever is hilarious. I suggest you read up on marcus Licinius crassus, and how a free market and voluntary trade let him amount the same fortune as the roman senate. Now once you have read about him, then tell me if voluntary trade didn’t change into something more hideous.
Capitalism isn't just the free exchange of goods. Exchanges of goods have been a staple in humanity for thousands of years, while capitalism is only a few hundred years old. Capitalism is the setup where you have a class of people who own the businesses, factories, and infrastructure, and the class of people who actually operate these things (the bourgeoisie and the proletariat). This is juxtaposed by, for example, feudalism, where a king who owned vast swathes of land divvied up into fiefs and put it under the dominion of lords, who would allow peasants to farm on the land and protect them militarily in exchange for taxes.
mykal Fallacious argument. That’s like saying gravity was invented by Newton. It wasn’t. It was named and enumerated. Capitalism is as old two people freely exchanging goods for mutual benefit.
You correctly say a communist society is stateless but then blame it for the ensuing tyranny even though such a stateless society was never reached. No, the process got stuck at what most would actually describe as state capitalism (or state socialism), and a highly authoritarian state at that, hence the tyranny.
Samuel Sparenga you are correct, but not in the way you probably think. Example: Healthcare has gone through many reforms to the point that it’s not even a free market. These reforms have been institutionalized by the government. Healthcare now in the United States is garbage, due to Keynesians and Marxist type politicians. Most of the good reforms happen under capitalism, very little to no government intervention. Example: Food industries. Never have we seen before a market quite like our modern food industry. With very little government intervention we are able to produce food products that are extremely cheap and plentiful. Markets are incentivized to produce fresh and clean foods mainly due to public demand. While yes there are some state specific regulations and protections, they don’t really do much that markets haven’t already done. If anything a lot of these regulations inhibit more food being spread out. People no longer have to depend on growing or hunting their own food, but are still free to do so, but it in many ways it’s cheaper and requires less work to just go to a grocery store.
The working class had to force the government to reform it and even then every now and then the capitalists successfully manage to roll back those reforms
The state is a capitalist tool to structure society. The state is the immanence of the merchandise. In other words, this is capitalism in its development that has created the state, not the other way around. Start reading Marx instead of assuming and repeating what you have been told. Reading Marx will blow your mind and make you conceptualise life totally differently. “Workers of the World, Unite. You have nothing to lose but your chains!”
Look I do not know what the answers to capitalisms faults are and how we could fix them. But his critique of the capitalist system is pretty spot on and stands strong to this day.
the problem is that there was created an artificial set of opposites called 'labour' and 'capitalism'. Obviously 'capitalists' are people with 'capital' and no communist revolution has ever got rolling without them financing it.
@@canopeaz A truism isn't an argument. literally any ideology can say what you said. communism is the worst system we have tried, except all the others. see how that works? you actually have to think, explain, give historically accurate facts, and use context.
Karl Marx's ideas, particularly his critique of capitalism and the vision of a classless, communist society, have been widely debated. Whether he was "right" depends on how one interprets and applies his theories.
Jojo Ashun no he was not a social democrat, His policies would were not to redistribute wealth but stop the the exchange of value by having social ownership of the means of production and products of labor.
@Joe Black Charging interest is not usury. Interest bearing loans along with private ownership of the means of production are the fundamental engine of prosperity for all.
@@enematwatson1357 Charging Interest at an unreasonable amount is usury, taking into account the individual getting the loan say a poor person who has to use debt to pay for rent or food or something of the sorts would make it immoral for the lender to enrich themselves off of that. Private property is also not an engine for prosperity, landlords which even some notable capitalist like Smith, Ricardo, Henry George, or even Milton Friedman agree are a drag to economic flourishing since rent stops the ability of business to employ, invest, and so on and for people that have to live in rental properties to spend on consumer goods and services. As for capitalist it's a fundamental that they must profit to stay in business, profit means you must have more money coming in than going out like to workers and or taxes or any regulatory protocol. So what do they do? Evade and lobby for taxes/lower taxes, lobby for deregulation that often hurts consumers and workers alike, and worst of all exploit the actual value workers bring to a firm with their labour since if those equated, productivity keeping in line with wage, the capitalist would barely earn or not even earn anything themselves nor do their investors. This is also empirical, you can search it up.
‘’Marx was right that the poor are getting poorer and the rich are getting richer, due to capitalism’’ *a few seconds later* ‘’Capitalism lifted millions out of poverty’’ (indicating the poor are getting richer) Other than that, this video was abhorrent (eg. Karl Marx disagreed with money getting shared equally, but that it should be *fair* and that it wasn’t fair under capitalism)
@@luskarian4055 Fun fact: Ironically, the reason why Americans were able to send men into outer space was because the entire Apollo project was coordinated and centralized, meanwhile the Soviets had done a more compete against each other model.
What a ridiculous video from a supposedly "good source". I understand you do not agree with Marx but to present facts in this way is disgusting. This is a model of bad journalism.
karl marx has proved to be wrong, the utopia has proved to encourage riots and he denied the legal rights of the people to become richer through legal ways, and he underestimated the dark sides of the human characters, the communist property will become private property of the leaders, and violence is against the law. Karl marx has not realised that capitalism can be improved by increasing the welfare of the people and the politics can allow the poor to establish party which stands for their interests, he doesn’t know democracy will improve capitalist society while allowing the people the right to creat. So indeed Karl Marx is wrong in many ways and what’s worse is that some bad people in other countries have taken advantage of him to steal the wealth of their people by claiming that they follow Karl Marx and oppress democracy and kill the people all around the world, they have misinterpreted Karl Marx and used him as an excuse for making crimes
A W nice incoherent ramblings with a dash of “mUH HooMaN NaTUR”. Really shows that you’ve read and understood Marx rather than listening to Jordan Peterson
@@lizzyfrizzle8986 I tried to study the history of Chinese communist history and then read about karl marx, Lenin and Stalin and I found Karl Marx is manipulated by Russia and China, and even Engels and Marx criticized Marx's ideas of his early stages, they have actually changed a lot of ideas with the time, especially they see the role of the party plays to protect the rights of the workers through parliament. The communist China is actually not a communist country at all, there is a autocratic regime, it is an empire rather than republic. This is against Karl Marx, I believe Karl Marx supports democracy, freedom as well as legislation, Karl Marx wants to establish a equal society. And he knows that communism is utopia, but in reality, relative equality can be achieved and is realized in Europe by establishing a welfare society for the majority of the people, China does totally in an opposite way.
A W perhaps you should read socialism Utopian and scientific by Engels (note Marx nor Engels actually distinguished between socialism and communism) and personally I am a Leninist (the pre Stalinist variant)
I am not a communist but I must note that there are some benefits of communism that can't seem to be solved with democracy or capitalism. In a communism state, where pure communism could be achieved without a corrupt leader, crime envy and rivalry would be a thing of the past. Of course, having a leader who can manage an entire country without corruption is almost impossible to find, communism could be the solution to many of the world's problems including starvation, economic instability etc.
Did you even look at his work before making this video. Presenting flawed point of view does more damage than benefits. Presentation of Karl's points reminded me more about Democrats in USA than any thing. And second USSR never had Communism. Read something before making uneducated statements.
@Ksch Koff democratic state of north korea is not democratic because it has democracy in its name. Lenin stalin was capitalists dictators tyrants and ussr was founded on that premise so it can not be different then that.
@Ksch Koff But we must strive to improve evolve or we would end up as those extinct animals that could not adopt. Solution brings more problems. Anarchism
@Ksch Koff Capitalism will always lead to fascism. Because there is no capitalism without slavery racism imperialism colonialism. People will always revolt when in struggle and chained. And those that benefit from capitalism will evolve into fascists to keep it their way.
I was assigned to watch this video in my core humanities class... I am a political science and international affairs major and boy oh boy did this makes LAUGH.
Occidentals: We know what communism is so we are against it. Also Occidentals: repeating the "your/my=our" joke continuously, because that's the only thing they know about communism. Guys read some books before make a comment.
Would those books include basic economics and world history? Because those books prove Marx to be an idiot of the highest order, a dolt whose silly economics destroyed entire nations. Those are just facts though, not silly leftist rhetoric.
@@chasproprietor7088 Actually, socialism built lot of nations from ashes after WW2 in Europe, dictatorships destroyed them. If you are from Europe or China or any country where the actual battles took place, than you know the extent of devastation of that war. For me, the interesting fact is that if you look at the Europe, most of the countries that didn't have colonies turned to communism, my perception is that maybe if France and Britain (and rest of them of course like Belgium and Netherlands... ) haven't had theirs, maybe they would too, so yeah, colonies helped. It's sad that socialism is viewed as something inherently bad, because than we wouldn't have 8 hours work days, 5 working days in week, payed sick leave, vacation and maternity leave, unemployment insurance, free education, also children would still work in factories in first world countries, and those are just facts though, not silly biased rhetorically.
Economy thrives on capitalism and it dies with communism, of course this channel is pro capitalism, withotu capitalism, RUclips wouldn't even exist, let alone the internet, and every other object.
75% of that absolute poverty lift you're talking about comes from China, which is a self proclaimed communist state. Your arguments against that are one thing (state capital etc) but 'Capitalism' didn't lift that many people out of poverty. Marx also talks about how the market value of products is cheaper thus not paying for true value of labour in Das Capital. It's mass produced, market value is less. Do your homework. Marx was more right than you think. Social Democrat and Welfare states borrow ideas from Marxism, NOT Capitalism. They adopt Marxist ideals. They're not Capitalist successes, it's called Social Market Economy.
@xxyyzz But china is socialist. this just goes to show how little people know about marxism. China is whats going through the dictatorship of the proletariat or the transitional stage. This is where they fight and supress bourgeois thought, give policy and authority that benefits the proletariat while having a capitalist mode of production and a market. China however plans their economy while having the market. its very complex.
About capitalism spreading peacefully throughout the world and slowly and agonizingly righting the wrongs perpetrated in the name of Marxism? Nope. He was wrong about that, just like he was wrong about everything else.
Malik these commies want equality so when one of them doesnt have food due to being lazy, he will outright call for *equality* and gets so jealous of the man with food and decides to rally his fellow lazy poor men to raise their pitchforks and kill the man with food. After that he MIGHT share the food with all his other commies therefore achieving a sense of communism or he might eat everything therefore becoming another failure of communism. But but but... lets say he shares the food with others :D They have no more food now, and them being inherently lazy, they will soon wage war on others and rape, pillage, and steal their food :D Or he turns his fellowmen to farmers, in which they get stuck as farmers throughout their whole pathethic lives with no opportunity to improve theirselves. When their surrounding areas have all became mega cities with various professions, the poor farmers are still... farmers. Doing nothing but surviving, not living :)
Ralph Adrian This is the most simplistic, asinine fucking comment I ever read. Here, I can do the SAME THING with capitalism. “Community lives peacefully, each using the means of production for everyone’s benefit (we’ll just use land as the means for this example). All of the sudden, a group of armed wealthy men from a capitalist country storm the land and seize it, forcing everyone to work on their own land for the profits of the capitalist, only taking scraps from the fruits of their labor. You may like it, sitting on your fat ass eating twinkies and using your smart phone. Capitalism seems great to you! Because you have a good job, and you can afford ALL the Reese’s peanut butter cups you want! But what you don’t see, behind the curtains, the massive exploitation of the third world. Workers, working their asses off in sweat shops, getting paid barely enough to eat twice a week, CHILDREN working in these conditions. You may not like it, but that’s the true essence of capitalism. Marxist communism is NOT what the USSR or China had. They had an authoritarian socialist system, which is completely antithetical to most communists who actually take Marx seriously. A true communist society is anarchist. And it HAS been done before. Look up the Paris commune, it’s a fascinating story and it’s truly incredible what they managed to accomplish there.
This is essentially a troll video made by *The Economist* to make fun of those Sneaky teenagers trying to prepare an essay just before deadline . Believe me : I'm trolled
I don't think marx underestimated either of those things. he spoke regularly about price gauging and extensively on the ruling placating the masses through marginal reform and marginal improvements to quality of life.
@@iliea.s.320 I didn't say it was invented by anyone. It existed but it is not like what the western media keep sayiing. I do belive a lot of people including students, citizens, soldiers and others died during the event but I believe it is necessary. Crackdown on protestors happened in many countries including those stress human rights the most. As was the case in Tiananmen, many people were killed.
my biggest disappointment as a socialist is that people criticize a STRAWMAN of my beliefs, but never know what socialism ACTUALLY means. "Democracy in the workplace, democracy in government, and nobody is allowed to privately own price-inelastic industries. (Food, healthcare, water, housing, etc) If youre gonna criticize it, at LEAST be able to define it. please
The natural logical conclusion of capitalism is where one entity owns virtually everything. That's not an opinion, that is math. How many people are in this world? The number keeps growing while their aggregate share of the pie keeps falling. Sure, capitalism expands the pie, but the poor are getting poorer BECAUSE of unfettered capitalism.... it is not government that has created the welfare state, it is government's inability to mediate capitalism, which left to its own devices, again, creates one super wealthy entity and everyone else fighting for scraps.
@@hajinezhad3 The poor aren’t getting poorer. World hunger and global poverty have gone down this century while standards of living have gone up across the board. The only reason the rich own a larger percentage of all the wealth in existence is because they create that wealth, or organise its creation.
Economist Writer: Uh Jesus, what about third world exploitative outsourcing. Other Economist Writers: Nope, we only have a three minute video, just say that “everyone be rich” and forget about people who are suffering due to this.
@RUclips Veterinarian *You don't need a job if your subsistence lifestyle and ur garden are working properly,* jobs were for paying taxes to Imperialists Britain so soldiers didn't burn their house down.
@bearjew "shithole countries" is not a technical term. Nice try tho dumbass read a book, site a source, or continue to circle-jerk with *special-education-war-criminal-grandpa* who thinks having a garden is bad lol
RUclips Veterinarian bold claims, no evidence, implicit assumption that work within the context of capitalism is inherently good -bois its reactionary dipshit time
Marx never underestimated the abilities of Capitalism: "The bourgeoisie has disclosed how it came to pass that the brutal display of vigour in the Middle Ages, which reactionaries so much admire, found its fitting complement in the most slothful indolence. It has been the first to show what man’s activity can bring about. It has accomplished wonders far surpassing Egyptian pyramids, Roman aqueducts, and Gothic cathedrals; it has conducted expeditions that put in the shade all former Exoduses of nations and crusades." -Communist Manifesto But also he never said it would make everybody rich, which obviously isn't true. Also welfare states emerged because of existence (and constant threat) of USSR. As it is gone now, for example Swedish people are wondering and complaining about why everything is getting privatised gradually in the last 30 years. They can keep wondering.
you wrong in one point and you know it: " comunism failed" "comunism enslaved " -- if it failed means that what enslaved wasnt comunism. it was something else.
Yes, it was something else. Specifically, it was the attempt by Communists to bring about Communist society. A process widely, though inaccurately, known as "Communism".
Лукас Артеага it is the height of ideology, but I suppose we can expect nothing from the journal of British billionaires itself, as Lenin once named it
anonymous9999 oh yes, it is quite idiotic, the system we have. I hope you don’t think that by saying it’s the height of ideology that I am complimenting the economist, because I am not
@Shane O he never underestimated capitalism. Just because capitalism has reforms like social welfare doesn’t make if an unstable system. Social welfare is like putting a bandaid on an open wound, it won’t fix the actual issue at hand which is the expropriation of the worker by the capitalist
Short answer: Yes. Long answer: Yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeees.
I like how you couldnt dispute any of his critique points and acknowledged that he correctly predicted the problems that capitalism would create, yet you still say that its a decease...
You don't care about the poor and the working class struggles nowadays. This video fails because take for granted 20 century forms of socialism are definitives and capitalism will be forever. Marx is still waiting for us in the future.
Uh, did the people who made this video even bother to read Marx?? This has nothing to do with what he actually said (and I'm not saying this to defend Communism, which has inflicted a lot of harm on the world ~ but this feels like someone summarizing a page of bullet points about Communism from a middle school textbook)
@Starwars Fan360 hahaha "real science in econ class" and "das Kapital" is a fairy tail You Genius can't even explain where the Profit in our society comes from.... Hoewever If you think you can, i would ne pleased
@Starwars Fan360 could you explain this process in more Detail mby? At the Moment you Argument is: Profit comes from the Economy The real question is what is Profit and where inside the pruduction or circulation process is it extracted
1:37 quit involving Stalin with communism, he was never supposed to be the leader and did the opposite of communism, communism is very different from Stalin and should not be considered the same
It’s a bit of a contradiction to say, that the poor stay poor under capitalism and then showing how extreme poverty has been almost eradicated in the past decades. Which one is it now?
The real question is why would anyone think the economist would do a fair review of Marx.
I've known that before I click on the video
YES THANK YOU
Marx is is a destructive spirit whose heart was filled with hatred rather than love for mankind. Giuseppe Mazzina.
The idea of Marx as a Rothschild shill…was raised as a concern by his contemporary rival in the First International, Mikhail Bakunin in 1869, who was not even aware of the fact that Marx and Rothschild were cousins. Bakunin wrote presciently:
“This world is now, at least for the most part, at the disposal of Marx on the one hand, and of Rothschild on the other. This may seem strange. What can there be in common between socialism and a leading bank? The point is that authoritarian socialism, Marxist communism, demands a strong centralisation of the state. And where there is centralization of the state, there must necessarily be a central bank, and where such a bank exists, speculating with the Labour of the people, will be found. “
-Mikhail Bakunin, Profession de foi d’un démocrate socialiste russe précédé d’une étude sur les juifs allemands, 1869.
Funny how socialists hate capitalism, yet all of them would be dead by the age of 30 without it
No, he was left.
No. He was right.
Marx once (reportedly) said that, " ce qu'il y a de certain c'est que moi, je ne suis pas Marxiste” (“what is certain is that I myself am not a Marxist”).
🤓😉😜😜
gg
You beat me by 4 months
Ba dum tiss. :)
Ha
“He who doesn’t read the newspaper is uninformed. He who reads the the newspaper is misinformed “-Mark Twain
City Wok lol
Wait, didnt he write for multiple newspapers?
What the fuck am I supposed to do then?
@@fv8399 , you have to read, but you also have to be critical about it and not only absorb it as a sponge.
Gilberto Borello Think about all the reports lately about China
Marx never said the wealth should be equally distributed, he said workers should keep the surplus value of their work.
They do, it's called wages ;)
@@UsammityduzntafraidofanythinWages are taxed.
@@Usammityduzntafraidofanythin if wages were the full value produced by work, there wouldn't be profit for owners.
@@erlikquadros5873if you are so bothered about that go and start your own business then
@@martynholden3478if u read Marx you would know that business requires exploitation, it is inherent, Marxist don’t argue I don’t get enough bcuz of my wage, we argue I don’t get enough because of exploitation, the chase for profit under capitalism directly attacks my wage and any other benefits would/could receive, and that if I start a firm (excluding the capital needed to start one or the future capital gain/loss) I will have to exploit a worker somewhere, the chase for profit directly requires the capitalist class to underpay and overwork workers
"The Economist, a journal that speaks for the British millionaires."
-Vladimir Lenin
Wow I didn't realize The Economist was that old!... or British
@Schlomo rabbi Goldberg Multiculturalstein idk, have you checked on that "Thousand Year Reich" recently?
Schlomo rabbi Goldberg Multiculturalstein your profile pic uses nazi imagery, so if you don’t want to be seen as a Nazi then don’t use their imagery
Stalin was a revisionist but Lenin was pretty cool
Now these British millionaires turnt billionaires
"We live in an economy."
Marxists rise up
Cringe
@rainbowsixs mr klean magic eraser irrelevant
"We live in our economy"
We live in an economy
Proletariat text
maybe you could disagree with Marx's proposed solution to capitalism, but you can hardly dispute his critiques.
that is the point . you can hardly dispute his critiques. from the 18th century to modern times his ideas on capital and labor have held true. Other economic theories have faced the tests and challenges and modifications but not Marx's economics. Unfortunately Marx's economic principles are perceived or were projected to be aligned or rather only aligned to the communist system of politics and governance, in particular Soviet Union. They are actually as relevant in all types of economies. And hence the Western countries, especially the USA and their economists and policy makers either criticized him or ignored him.
@bearjew Marriage being a part of capitalism? Yes if you just state that he was for abolishing the idea of marriage and family it does sound a bit irrational, but not because it actually is, just because you probably never thought about it in an objective way. He was living in the 19th century, and no matter what you think of this, you firstly have to agree that his ideas were way ahead of his time. He argued that by getting married, certain roles were given to the man and the woman which will lead to further inequality - and exactly what he said inspired Clara Zetkin in the nearer future. Also, he did predict the future in a way that marriages will often happen because of financial or religious reasons, which is true as well. Also, a man born in the 1800s understanding the basic human nature of poligamous relationships and sexual needs is a huge thing, no matter what your personal opinion is on it. And don't you think that it is a bit problematic that children are born into families they do not choose, which shape them up for their whole life and they can't really do anything smart about it? Don't take ideas of people born 200 years before you literally, try to understand the true value of them.
@bearjew did you fail to realise that most of your 'arguments' here were only insulting other people directly without any reason other than "you left wing people are so retarded and stupid and comunism kills!" It's fine if you have an opposing view but then learn how to have a civil discussion and educate yourself on all sides from neutral sources
@bearjew and btw attacking people on the internet for spelling is pretty immature since you don't know if the person you're talking to is a native speaker of the language you're speaking on
@bearjew you appear to be the one that never actually read marx, dont accuse him of that lol.
Can't wait for The Economist to make a review on my work
- Marx
😂😂😂
haha. He must be happy now in his grave.
@@Adnanabd14 yup
Nice
@@Adnanabd14 He was famously actually angry at people who dared to debate and discredit his work. He was a narcissist.
“Oh shit was the deadline for the Marx video today?” -Economist writer
Karl Marx once said, "the economist is a newspaper written by British billionaires for British millionaires"
@@abcdefghijklmnopqrstuvwxya9604 lol
@@abcdefghijklmnopqrstuvwxya9604
It seems a bit more balanced than that. They at least addressed the failures of capitalism mentioned wealth inequality amoung them.
@@Competitive_Antagonist well, he wrote that probably 160 years ago, minor changes might happend
🤣🤣🤣
Wow The Economist is talking about Karl Marx I'm sure it's gonna be an objective analysis of socialism
Just like Marx' analysis of capitalism was entirely objective...
@@jamesspackman9819 Yes it is
@@jamesspackman9819 I mean I’d say it was. Idk how much Marx you’ve read or if you even have read him but I’d say it was pretty objective
@@quinnnosbod3673 Marx' "analysis" of capitalism wasn't even close to be objective.
@@TyyylerDurden have you read it?
terrible oversimplification of marx that leaves out class struggle, possibly the most important aspect of marxism.
Genocide
@Dim class conflict doesn't exist?
@Dim so strikes are "manufactures" by elites?
even if working-class "win". they still a working class.
to have happiness or improving quality of life, one has to deal with tremendous sacrifice or be born with the family who in past life going through the sacrifice.
working-class know nothing how to improve life, but complain and complain.
in the end, they cant escape fate.
@@hellatze that's the most ignorant thing I've heard today, lol
Karl Marx gave humanity the greatest critique of Capitalism, still relevant today.
That' why the bourgeoisie hates him so much.
Seems like some high school student did some research on Karl Marx
She is correct but he was left
Usual Indian superiority behavior.
High schoolers these days are too afraid to get jobs so they want Marx's dreams to become a reality
@@tarhit9 Mmkay but yeah that just proves my point
@@dancingvalkyrie or maybe they just haven’t been fed as much amerikkkan propaganda as we have :/
yes. I am gonna trust "the economist" to tell me about marx in 3 minutes instead of reading his works
Buying a view that when add in ambition from human, turn it to dust and not worth mentioning. How are you so delusional?
Wendy Marx also read studies on him. Tho this video focuses more on what his teachings have led to, rather than the man himself or his beliefs.
Karl Marx was third cousin of Nathan Rothschild you know thew same Rothschild's who own the economist, bankers love communism (ie a complete monopoly over everything) its why they created it to wipe out the middle class and make all non chosen people peasants !
You can read his success of economics failure everywhere starting from soviet to north korea to Venezuela
@DrumDip wanna live in Venezuela where there economy mostly depends on oil which is public owned and it currency have lower value than toiler papers
"...however Marx underestimated the ability of capitalism to make everybody richer by making products much cheaper."
Correction:
Those cheaper products are made by cheap labours in third world countries to make everybody (in western countries) getting richer.
Aditya Adinegoro correction to your correction: Yes, things can be made cheaper by outsourcing labor, but mostly things became cheaper because capitalism fosters innovation (such as the assembly line, interchangeable parts, etc) which make things cheaper to produce.
Sigma Geranimo Well for both of you I have a simple answer. Sigma, under previous administrations, taxes have been relatively high on businesses and their products in the U.S. (higher taxes being more characteristic of socialism btw). For this reason companies have found it cheaper to set up shop elsewhere and import their products here with no economic consequence. Cheaper labor can be a factor, but now that we have more fair taxes on their imports, many businesses are actually coming back and saving money. Muhammad, while creating new products and selling them does get more expensive, profits tend to be relative (to an extent) to the amount of production. So yes, we make more goods but we also make more money. At least that’s what I think you’re getting at, if it’s not lmk and we can discuss further.
Nailed it....
@Sigma Geranimo they moved out because of taxes. If the government didn't raise the taxes for rich people/companies, they would have stayed.
I didn't even live in the USA, and I know that Obama is left leaning, like big government, high taxes, socialism. You can't tax people who have the money to move where they will be taxed less.
You should be ashamed of yourself, go learn about your own country
@Sigma Geranimo I am from Brazil, here the average worker get paid 350 USD per month for a full time job, 2 per hour I think, not sure.
Tell me, why aren't companies from USA opening factories here? Why aren't they creating more jobs, why don't they come here. Want know why?
Because the government doesn't let them profit. There is a law which forces ALL corporation to pay the same salary of the employees for the government as taxes. You understand how fucked up that is? If a Baker from your neighborhood decide to hire someone to help him he is forced to pay the minimum wage twice, one for the teenager and another for the government, twice the spending.
Now imagine that on a big corporation, with more the thousands of employees. Did you get how fucked up that is, how the government intervention is holding back my country from growth and becoming a first world country.
Glad so many people are voicing their opposition to this video
Glad to see so many people who don't understand economics.
Smoggapopoppggy dfreak sasatsterackss!!@@DarthVaderTheSithLord
Fr they're getting COOKED
"The rich get richer and the poor get poorer"
"The number of people in absolute poverty has diminished"
Me: Ah yes... Wait, what?
talking in relative terms. while wealth has raised collectively, RATE at which people have attained wealth has been increasingly favorable for capitalists.
@@shollyboster9115 "The number of people in absolute poverty has diminished" is true, globally since 1980. China did the heavy-lifting, which is communist/capitalist hybrid.....
What's nice about capitalism as marx points out is that eventually there is a surplus of supply. If you combine this with Marx's other argument that air isnt payed for because it is abundant then you can easily see why it is less important nowadays to have capital to have a life full of modern luxuries.
@@Itthew China is anything but socialist.
@The BlackMace im chinese and your right china is only communist for the sake of one party rule its communist policy is only there to benefit the party power base its financial policy is extreamly captialistic much more so then the us the term dictatorship/captialism is indeed a more accurate
A model of bad journalism, spoonfed by fun animations. A gross oversimplification.
And what exactly do you disagree with, in terms of this video?
It is actually a rather objective presentation
It does not really describe Marx's ideology but it points out Marx's critique of what he himself called capitalism
@@jaroslavconka3042 Towards the end it straight up lies and claims that Marx was wrong about capitalism being able to enrich people. This is something Marx himself pointed out. It's also funny that they claim he was virtually unknown while alive, since, for example, he sent a few letters back and forth with Abraham Lincoln, who was a bit of an admirer. The video was also inaccurate in saying that the ideas of communism came about after his death, since he used the term and theorized a bit about the transition from capitalism to communism and laid out important characteristics. It also entirely skipped over historical and dialectical materialism, which were developed by Marx and are crucial to understanding his theories.
@@vallokius886 Oh yeah. Interesting. So the video is annoying because it tries to be correct and therefore seems correct and objective. On reality however, it even gives us some lies about him. The Economist is conservative propaganda after all
Sources for this video: just trust me bro
Source for this video: i read the book trust me bro. Proceeds to show they havent read the books.
😆😆😆
So tens of millions didn't die under communism in the 1900s.
@@lukethomeret-duran5273 exactly how? care to elaborate?
source: every socialist/communist country that ever existed and History 🙂
During the American Civil War, the Economist magazine/paper supported the South (fighting to keep slaves) while Marx supported the Union…
The Economist was still anti slavery.
@@tinytank6642 How are they anti slavery when they support something with the single point of being pro slavery? That's like saying Henry Ford still liked Jews despite supporting the Nazis for killing Jews.
Were you high or something? (Not judging, just curious)
@@tinytank6642 nah
@@fetuseater2000 The economist supported the south because of the effect it would have on the British economy.
@@tinytank6642 so the ecnomist supported slavery
pretty sure marx/engels were not about distributing wealth "evenly," but _fairly._ To each according to their needs, not to each according to evenness.
EDIT: to be fair, the word "fairly" up there is not quite accurate either, as that can be subjective.
Many have that misconception
So there are criteria involved...
Then I need every bit of coin in the world in my pocket.
How would you define what is everyone's needs?
@@karlhans4116 bread and roses
It would Help If one read Marx before doing a report on His theory.
You don't need to read his work. You just need to see the real life result of his theory: 100 milon copses, famine, devastation of entire nations.
@@radutomoiaga994 The supposed "100 million" deaths from communism is a completely made up number. It's based on The Black Book of Communism, which has been debunked several times - even by Harvard scholars. Both for bad math, absurd guesses and so on. But just to make a point, let's just "assume" that socialist countries and famines occuring there have killed a 100 million people, from 1917 to 1991. That's 100 million people over 74 years. Now take capitalism, an anarchic and chaotic mode of production that produces e.g. food for more than 10 billion people, and yet 900 million can't even eat properly. Between 20 to 25 million people die each year under capitalism, because of distribution-related problems. That means, every 5 years, capitalism kills more people than socialism supposedly has over 74 years. Over the same period of time, capitalism kills 1440 million people - and that's inherent to the capitalist system, not because of geography-related famines.
@zachary bukhari Are these things inherent to socialism? No. What is inherent to capitalism is the contradiction between exchange-value and use-value. In short: The commodity form in capitalism means that things are sold because they're used by people, but instead of then distributing based on use-value, we produce and distribute based on a maximization of exchange-value. This is why the housing crisis happened for example. Or why 20 million people die because of economically preventable causes every single year - because of a distribution problem inherent to capitalism. So tell me which one killed more, the trillion deaths from capitalism, or the 20 million deaths from "communism" that happened over 70 years (and that is if you count geographical famines in the USSR and China - ones that would have happened. But just a reminder that the quality of life increased massively in both the PRC and the USSR as compared to the previous regimes, under KMT and the Tsarist semi-feudal empire respectively. Not to mention that famines occuring every 2-3 years in both Russia and China suddenly stopped - maybe because collectivization of agriculture and the social ownership of the means of production tied together with a distributing based on utility works).
Capitalism does not work for the masses.
@zachary bukhari He literally explained capitalism's death toll to you
@@radutomoiaga994 capitalism kills 20 million people annually
"the economist is the newspaper that speaks for British millionaires" - Lenin
who could be capitalist
@john smith a society we live in
Lenin, a man that began history’s largest death machine.
@@RandomPerson-go5sn capitalism kills roughly 20 million people anually , did Lenin start that? 😳
Weekly Sassuage I am truly curious as for your source on that number.
"He was completely right, but he's wrong because 2 superpowers got corrupt for relying too much on old power structures (something he literally warns about)"
-the Economist
The video also forgets to mention that the rest of the world didn't allow the USSR to exist without constant trade sanctions and global proxy wars. Thus, the USSR had to focus disproportionately on military buildup. The USSR was the second most powerful country on earth. It was also #2 in scientific literature.
@@krampusx9784what was the sacrifice tho and don’t act like they didn’t pull that sneaky move after ww2 with Germany
Yes, there were only two such states) Let's forget all the communist dictator regimes and pretend, that there are NO examples of trying to build communism irl😊
@@i_m_the_m You're saying that as if there weren't many attempts to build democracy in general. Most of which also ending in totalitarian uprisings. The difference between those two, however, being the USSR suffered under constant propaganda and LITERAL THREATS TO DESTROY THE ENTIRE WORLD IF THEY CONTINUED TO EXIST. Russias transition into Capitalism, along with the other former Soviet countries lead to many becoming even more destitute on a daily basis than the worst times of the USSR. Russia and Ukraine became oligarchies who hated each other, Georgia and Belarus became puppets, Poland is currently having a backside in LGBTQ+ rights and is currently using its support for Ukraine to whitewash that fact and the different North Asian countries that were part of the USSR before are completely broke. Along with the African countries constantly becoming banana republics since their switch. What a great economic system you had there. The Soviet block fell in 70 years. The Capitalist block collapsed into imperialism in 7
@@thefbiman2116 🤡🤡🤡Lol didn´t reed
when you put it in the way saying communism slaughtered millions, you should remind that capitalism also slaughtered millions.
There were no Communist party in the World, they are so called communist party not a scientific party without preceptor and leader.
Billions actually
How?
When? How? Why? Are you dead?
笑死我了，你不就是个废青吗？自己不行怪资本主义？有这时间不去好好搬砖？
Hmmm, this video was made by "The Economist?" I wonder what conclusion they will draw about this whole socialism and communism idea?
The funniest part of the video is that what they said at the start about the rich oppressing workers has never been more true than today.
Your pfp seems kinda sus ngl 😳
@@rickrolld1367 actually no, in the industrial revolution people would work 20 hours a day, including children, in the most developed countries, today that is comparatively rare in those same places
@@SenorGuina 20 hour workdays would be lethal for most people, right?
@@zwiebelface185 you'd be impressed by what people can do to not starve
i’m so glad i actually read his work before watching this because boy oh boy...
+
Ivan Ivanov +
@@roskcity +
You mean you bought economically illiterate utopian propaganda from a loser who’s ideology inspired mass tyranny and death of dozens of millions
@@mmml6499 no we’re talking about communism not capitalism 🤨
Capitalist societies don’t Redistribute wealth through taxes. We take tax money and hand it to the people who need it the least in America.
Yep. The government hands it to the richest people. The politicians have gotta thank them for their campaign contributions in some way.
So they redistribute wealth. . . From the poor to the rich, as intended.
Corporate welfare. They also privatize the gains and socialize the losses for the to big to fail banks and corporations.
@@rielbertrand8255 Top of the hour to ya
yea i suppose taxes are more capitalist than socialist
Yes I Definitely “believe you” that capitalism has “reformed”
Shut up
based, my comrade
it did
Nope capitalism won’t work. We need something new. It doesn’t have to be communism but it has to be something better. Or just let society fold
@@blankblank5409 hope you don't blunge the world back to the dark ages.
He didn't ONLY write the manifesto. What about Capital? His most IMPORTANT WORK
you really think they did that much research? XD
It’s in the video lol?
It's shown in the video.
incoherent ramblings last time i read it
@@vignasimp2835 i guess it is a bit more complicated than mainstream television
Exactly what I expected from the economist
Just because their interests don't allign with Marx doesn't mean criticism isn't fair. Get over it.
@@LoremasterLiberaster Their interests are of the bourgeoisie. The economists are the scientific representatives of the bourgeois class.
Criticisms towards Marx, whatever they are, should only come from communists, and not bourgeois economists.
Marx definitely did NOT say he thought wealth *should* be divided up *equally.* I don't think he just said take the wealth and divide it by the population. I think what he was saying is the means of production would be owned collectively and everyone would get what they needed. Now of course in a highly technological society a lot more than basic needs would be possible, but certainly nobody would go without. I sometimes think the Welfare State is well on its way toward that, where nobody would ever fall below a certain level while humanity reached great heights. The bigger problem might be how collective ownership achieves this in mass technological society, so to this point we have markets and taxes and worker protections.
today's western welfare states are built upon the exploitation of the Global South, it's imperialism 101, my friend. They export capital, and use cheap consumer goods to pay for the workers in their own country.
You're extremely naive about the average human. Your utopian vision is beyond idealistic. In a reality where most people take the path of least resistance, you would quickly find an excuse to call the circumstance "not real communism"
@@jsonjsoff How is he wrong?
"Capitalism created welfare states that redistributed wealth" bruh, that was major socialist and communists party did
The ones who did it were social democrats, not socialists and communists.
@@perfectlyfine1675 Social democrats were reformist socialists at the time welfare states were conceived.
Welfare states are still reliant on the exploitation of the global South
@@Leo-fz7kz no, reformist socialists are democratic socialists, not social democrats, I understand that it's easy to mix the two, but please don't. Also, welfare states aren't dependant on the exploition of anything, they're funded by the large taxes in developed countries.
Perfectly Fine Social democracy has changed a lot, it was reformist socialism until the latter half of the 20th century and some people consider it to be that even today. Also, modern welfare states wouldn’t be sustainable without globalism and the availability of cheap labour and materials in the global South. This has been know forever and the likes of Lenin predicted it ages ago.
When you make the poverty line $1.25 a day and then say you reduced poverty- Capitalism.
And do not take into account that money is made out of thin air and it is being pumped at trillions into system so it can "fall over" to poor.
You are so dumb.Go chech statistics
And didnt talk about inflation.
We did it boys , we ended poverty.
the poverty line just adjusted for inflation and quality of life has gone up
The USSR was not Marx's vision of communism. You forgot to say that. I fixed it for you.
Can Marxs vision ever come through?
Thank you, this video is insidious because try to give simple explanations for complex problems, and then I will do the same 20 century socialism isn't the end of socialism but its beginning, will be other forms of political and social organization if capitalism doesn't destroy the Earth.
"iTs nOt rEaL cOmMuNiSm"
-every communist/socialist/marxist everytime socialism/communism fails-
Perhaps, but Marx's vision of communism requires a strong state to enforce 'public ownership' and 'equal redistribution'. This type of state cannot exist without absolute power, ergo they need to crack down ruthlessly on opposition. And this is the most optimist and neutral approach, in practice those supporting communism are generally resentful of the rich and will engage in organized slaughter of them when given the power to do so (In Cambodia especially).
Nemanja ĆIrić compassion?😂😂😂😂
In the middle of the woods when a wolf den is surrounding you. You people talk compassion and equality😂😂😂 oh the hilarity.
Just read his book
i wouldnt trust anyone to explain to me in 3 minutes
Marx wrote dozens of books, my guy, his collected works are thousands of pages long
" was Karl Marx right" is heavily leaning about his famous creation
Das capital
@@isthissomesortofmeme8932 Das Kapital are 3 books
Barely touches on actual Marxian political-economy: labor theory of value, tendency of the rate of profit to fall, etc. this video spent more time on Leninism, Marx's personal life, etc.
Thomas Mascari exactly, and they equated Stalin’s totalitarianism with Marx’s calls for a stateless society. Neither the right nor the left are monoliths and treating everyone who claims to be on the left as descendants of mao and Stalin is completely intellectually dishonest. People hear economic control and clutch their pearls claiming the government is gonna control their lives when they can’t see the current “laissez-faire” approach (if you could even call it that unironically) leads to corporations and the wealthy taking over economic control instead. Until there’s an actual non hierarchical, stateless, classless society like Marx predicted and advocated for there will always be someone or some group of people in charge of the economy and until that society emerges, if it ever does, you have to choose whether you want to advocate for an elected government to be in charge of the economy or some capitalist who’s main goal is to extract as much surplus value out of your labor as possible
It's a 3 min video on his 200 year anniversary what do you expect.
The Economist has made videos of this format over 7 minutes long, and using that time to actual talk about his contributions to political-economy would have afforded them some intellectual integrity.
what did you expect?
Marx didn't believe in LTV he believe in the Law of Value
Marx had called ‘The Economist’ as a ‘mouthpiece of bootlicking bourgeoisie’!
Yes, he was right!
I don't know about Marx, but you r absolutely right!!!
You think you live in poverty by world history standards? LOLLLLL
That may be, but Marxists are bootlickers of the state.
Can’t lick someone’s boot if they are dead by starvation
he was left
What a stunning and objective look at the theories laid out by Karl Marx, thank you, Bourgeois Economists!
Karl marx was not an economist, he was a philosopher. If you bring his Philosophical ideologies in economics, disaster is bound to happen.
@@rikishi555
Clearly you haven't read Marx
@@rikishi555 That's nonsense, Marx, like Adam Smith and David Ricardo before him, were writing political economy, which incorparates philosophical, social, economical and political themes. If Marx is 'just a philospher' then so is Ricardo. Btw, the theories of Milton Friedman etc are highly ideological
@@raymondhartmeijer9300 it is because of milton friedman, China is a rich country despite being a communist state. Tell me which country is rich because of karl marx?
@@rikishi555 You are mistaken. This is policy from within the CCP
I remember completely reading Marx's Capital, and was so overwhelmed and blown away by his analysis. I needed some time to comprehend his work ethic and diligence, because I'd never read a genius before and was in awe how a human being could've produced such a thing. Through his analysis, that man was ahead of his time, and is waiting paitently for us to rise to his call.
@user-bh9xh3xb5tYou have a fascist regime, not communist. Move to North Korea then if you love communism so much.
Bro really wrote Kapital with a c 💀💀💀
@Chrisalex82
Uh... yeah lol? “Das Kapital” is the German name, in English it’s called “Capital”...
@user-bh9xh3xb5t Communism is the achievement of a classless, stateless, moneyless society (doesn't sound like China). China, on the other hand, is an authoritarian, capitalist state, of which (supposedly) "socialist" (in reality authoritarian) policies concentrate around controlling citizens.
If you're really a socialist who cares about the movement, never ever mention the lie that China is communism, because in reality is not even close to being socialist.
@Chrisalex82 Yes, "bro" did that, because "bro" understood that word can be translated into English, as the title of the book.
Oh yeah, economist is mouth and tongue of british millionaires
Eh most economists agree it is a fairly balanced newspaper although politically it may be centre right
And yet, The Economist seems worried about disparities.
I think a system where everyone is happy without having to break their backs or spend a hundred thousand dollars on a degree is possible.
@@joaquin991 Capitalism is a flawed system too. There has never been an unflawed system. I'm just saying its possible to create a society where people don't need to worry about poverty and homelessness. Socialism and Communism failed because of corruption at the top. But if you could solve that a perfect system could be possible.
@@joerogaine3093 Well how do we possibly create a system that could eradicate the fear of poverty and homelessness? capitalism, or eco-socialism if you do not care for the environment. UBI is the future, I have no idea why it labeled as "socialism" or "radical" for that matter. Nowadays trying to help the poor is "radical".
Oh cool the land of make believe!
@@abrarfaiyaz3163 How? Come to Europe
@@boryssobczak1563I definitely misread the comment. Now that I read the comment again I agree!
Marx never underestimated the productive capabilities of capitalism. He just said that there was a better way we can be productive with a social plan instead of the chaos of the market which wastes a lot of resources(expenditure on marketing instead of R&D, turbulent equilbration, over 80% firm failure rate, resource depletion/environmental degradation...)
@Glorious Bastard so you would rather pay $700 for insulin or an EpiPen (and also go into lifelong debt simply for existing) rather than losing your options of CoolRanch™ or NachoCheese™
@Glorious Bastard not true. Companies always will attempt to drive the price of their goods upwards. Their primary focus is in making money.
@Glorious Bastard you literally just made an argument for socialism. Consumers will purchase what is cheapest, while also maintaining quality. This creates a problem because monopolies form. They can't simply be "broken up"
See Mises' problem of economic calculation. Markets are far more productive and less wasteful than planning
It's always strange to see people making this argument, especially since he argues that capitalists are constantly revolutionising the means of production in Capital volume 1.
It's almost as if the people most eager to criticize Marx haven't read him.
Capitalism has not lifted people out of poverty
capitalism provides fair opportunity comrade, under socialism just ask any Romanian or Ukrainian or Cuban or N.Korean everyone is equally poor HA
Just think about it! seizing all property is seizing the production privately owned by the people from the people's cold dead hands and straight into the hands of inconsiderate centralized power giving the monopoly of power to the state essentially creating a totalitarian state where the people are unwilling puppets...
Collectivization is always tyrannical, only Individualism can bring about true equality where people are viewed as worthy individuals rather than a scrutinized group...
How did the communist pass his exam?
He got full Marx.
Nice pun
*She/he
In Capitalist America, your job decides your marks.
In Soviet Russia, Marx decides your job.
@@jatinabhir9249 they*
@@jatinabhir9249 they even
"Only eleven people attended his funeral" Thats more people than I currently have in my life right now. What is wrong with 11 people going to your funeral????
Marx was a loser that's why.
@Disgusting_Developer Marx Kommunismus Manifesto gemacht aber er überzeugen Menschen etwa gescheitert seine Arbeit
Right. Also, how is that even relevant to his work.
It shows that he was unknown@@manuelllaneras
He lived in SEVERAL countries, he died in a foreign country, It is kind of clear not many would attend. Whoever wrote the article is not very smart, or is secretly trying to be smart to convince people.
the comment section is gonna get messy
Now there's a prediction I can believe in
I've pooped twice in it.
Oh no it won't lol
I'm quick
You mean Our comment section.
A lot of Marxists here. This channel is biased towards Marx as well. Fucking commie bastards. Better dead than red!
i love how the first half of the video is a fair summary of Marx and his ideas and then it just quickly falls off the rails and lies straight to your face.
The video was just bad and testifies to a naive and superficial research.
just like trotskyism
@@DialecticalMaterialismRocks Nope.
It is bourgeois propaganda meant to mislead the masses, what else can you expect
Death to the farmers, right comrades?
@@calebdorsey7591 Death to the kulaks, those pesky land owners. More like slave owners amirite? Send them to the Gulag
The question really should be - has the "Economist" ever been right?
If you’re implying that marx has been more right that the economist you’re not going to get very far.
Right leaning for sure lol
@@nicob4115 So they were right about slavery?
It has always been far right
Very qood question hahaha
" The newspaper and media are like a piano key board, you can play anything on it and people will listen to it." --Joseph Goebbels.
Marx : was/is and will remain the hero.
Now people are talking about UBI( Universal basic Income ), Healthcare for all,LGBTQ rights etc.
You're video completely contradicts itself when it admits that capitalism has both created a giant wealth Gap between rich and poor...and at the same time has somehow made everyone rich!!
Marx did NOT underestimate capitalism.
Aric Dideriksen no it made EVERYONE richer. But didn’t decrease the gap between rich and poor. Because that’s wrong for a heart surgeon to have the same wealth as a McDonald’s employee
Most of the world aren’t working on farms anymore and have expendable income. The statement that there is a wealth gap does not contradict the fact that we have become richer.
Yes he overestimate capitalism (this is sarcasm)
It made everyone richer just because the poor can have primary needs.
Inequality is not poverty you dummy
Right from the beginning I can call bullshit.
Marx provided a critique of Capitalism. Not "solution", but critique. Further, Marx's theory, if I can simplify, is the theory of evolution applied to economics.
The "solutions" you are talking about are the charecteristic of what Capitalism will evolve into.
Marxism is not some other economic ideology one chooses willy nilly like icecream.
Feudalism evolved into Mercantilism which evolved into Capitalism (which can be said to have evolved into Welfare Capitalism and Mixed Markets), I don't see why it wouldn't neccesarily evolve further - perhaps into some absurdo-gamified economy.
Ben Berzai Free trade evolved into crony capitalism. Some people like Carnegie, rockerfeller etc... They won the competition. And got extremely wealthy. Crony capitalism is a response to the fact that in reality, wealthy people will always go into politics. The idea that free trade and voluntary choice remain that way forever is hilarious.
I suggest you read up on marcus Licinius crassus, and how a free market and voluntary trade let him amount the same fortune as the roman senate. Now once you have read about him, then tell me if voluntary trade didn’t change into something more hideous.
Treasury not senate*
Capitalism isn't just the free exchange of goods. Exchanges of goods have been a staple in humanity for thousands of years, while capitalism is only a few hundred years old.
Capitalism is the setup where you have a class of people who own the businesses, factories, and infrastructure, and the class of people who actually operate these things (the bourgeoisie and the proletariat). This is juxtaposed by, for example, feudalism, where a king who owned vast swathes of land divvied up into fiefs and put it under the dominion of lords, who would allow peasants to farm on the land and protect them militarily in exchange for taxes.
mykal Fallacious argument. That’s like saying gravity was invented by Newton. It wasn’t. It was named and enumerated. Capitalism is as old two people freely exchanging goods for mutual benefit.
You correctly say a communist society is stateless but then blame it for the ensuing tyranny even though such a stateless society was never reached. No, the process got stuck at what most would actually describe as state capitalism (or state socialism), and a highly authoritarian state at that, hence the tyranny.
+myths. How many billions did Stalin shoot?
@@wederMaxim ??? what billions
because it's unreachable and impossible.
@@Goodraxler it was a joke I think.
Finally someone who understands the socialism correctly commented
sounds like the economist skipped over the "bourgeois socialist" section of the Communist Manifesto.
not that they actually bothered to read it.
"In the long run, we are all dead"
-Keynes.
I mean, he ain't wrong but in the meantime...
capitalism didn't reform itself, the government had to reform it!
Samuel Sparenga you are correct, but not in the way you probably think.
Example: Healthcare has gone through many reforms to the point that it’s not even a free market. These reforms have been institutionalized by the government. Healthcare now in the United States is garbage, due to Keynesians and Marxist type politicians.
Most of the good reforms happen under capitalism, very little to no government intervention.
Example: Food industries. Never have we seen before a market quite like our modern food industry. With very little government intervention we are able to produce food products that are extremely cheap and plentiful. Markets are incentivized to produce fresh and clean foods mainly due to public demand. While yes there are some state specific regulations and protections, they don’t really do much that markets haven’t already done. If anything a lot of these regulations inhibit more food being spread out. People no longer have to depend on growing or hunting their own food, but are still free to do so, but it in many ways it’s cheaper and requires less work to just go to a grocery store.
The working class had to force the government to reform it and even then every now and then the capitalists successfully manage to roll back those reforms
....giving the means of production to the workers
@@saman.rostami
Oh boy, free to choose, do I want a 60 hour work week or do I want ro jump off a Monsanto roof *so many choices*
The state is a capitalist tool to structure society. The state is the immanence of the merchandise. In other words, this is capitalism in its development that has created the state, not the other way around. Start reading Marx instead of assuming and repeating what you have been told. Reading Marx will blow your mind and make you conceptualise life totally differently.
“Workers of the World, Unite. You have nothing to lose but your chains!”
Look I do not know what the answers to capitalisms faults are and how we could fix them. But his critique of the capitalist system is pretty spot on and stands strong to this day.
Yeah the free market is the worst system…except for all the other ones.
the problem is that there was created an artificial set of opposites called 'labour' and 'capitalism'.
Obviously 'capitalists' are people with 'capital' and no communist revolution has ever got rolling without them financing it.
Capitalism isn't perfect, nothing is. But so far all the alternative seem to involve dictators and a bunch of dead people.
Every problem in the world can be explained by bad government policy
@@canopeaz A truism isn't an argument. literally any ideology can say what you said.
communism is the worst system we have tried, except all the others.
see how that works?
you actually have to think, explain, give historically accurate facts, and use context.
More anti-soviet pro-capitalist propaganda from The Economist!
His reason was actually right
But people didn’t understand in right way....
but now islam is the only sol. left for world
He overestimated humanity
@@waseem-yakuza69 nice one
@@waseem-yakuza69 no
Absolutely
You got me in the first half, not going to lie..
I bet this video maker hasn’t even read any Marx‘s book, not mention to trying to figure out his theories.
Karl Marx's ideas, particularly his critique of capitalism and the vision of a classless, communist society, have been widely debated. Whether he was "right" depends on how one interprets and applies his theories.
So he failed in realizing that states could adopt some of HIS policies to circumvent the negative effects of capitalism?
Jojo Ashun no he was not a social democrat, His policies would were not to redistribute wealth but stop the the exchange of value by having social ownership of the means of production and products of labor.
You cannot reform away the contradiction of the value form under capitalism
@Joe Black
Charging interest is not usury.
Interest bearing loans along with private ownership of the means of production are the fundamental engine of prosperity for all.
no, you're completely misunderstanding marx
@@enematwatson1357 Charging Interest at an unreasonable amount is usury, taking into account the individual getting the loan say a poor person who has to use debt to pay for rent or food or something of the sorts would make it immoral for the lender to enrich themselves off of that.
Private property is also not an engine for prosperity, landlords which even some notable capitalist like Smith, Ricardo, Henry George, or even Milton Friedman agree are a drag to economic flourishing since rent stops the ability of business to employ, invest, and so on and for people that have to live in rental properties to spend on consumer goods and services.
As for capitalist it's a fundamental that they must profit to stay in business, profit means you must have more money coming in than going out like to workers and or taxes or any regulatory protocol. So what do they do? Evade and lobby for taxes/lower taxes, lobby for deregulation that often hurts consumers and workers alike, and worst of all exploit the actual value workers bring to a firm with their labour since if those equated, productivity keeping in line with wage, the capitalist would barely earn or not even earn anything themselves nor do their investors. This is also empirical, you can search it up.
‘’Marx was right that the poor are getting poorer and the rich are getting richer, due to capitalism’’
*a few seconds later*
‘’Capitalism lifted millions out of poverty’’ (indicating the poor are getting richer)
Other than that, this video was abhorrent (eg. Karl Marx disagreed with money getting shared equally, but that it should be *fair* and that it wasn’t fair under capitalism)
@Silver Chariot Sure, next you'll be telling me that the Capitalist Americans were the ones who first sent a man into outer space
@@luskarian4055 sure, but americans were the first ones sending people to the moon.
@@JNM578 Did you know Nasa's still using Soviet technology and machinery to this day
@@luskarian4055 Source?
@@luskarian4055 Fun fact: Ironically, the reason why Americans were able to send men into outer space was because the entire Apollo project was coordinated and centralized, meanwhile the Soviets had done a more compete against each other model.
What a ridiculous video from a supposedly "good source". I understand you do not agree with Marx but to present facts in this way is disgusting.
This is a model of bad journalism.
Please describe what you found to be “disgusting”, as you say, about the video.
karl marx has proved to be wrong, the utopia has proved to encourage riots and he denied the legal rights of the people to become richer through legal ways, and he underestimated the dark sides of the human characters, the communist property will become private property of the leaders, and violence is against the law. Karl marx has not realised that capitalism can be improved by increasing the welfare of the people and the politics can allow the poor to establish party which stands for their interests, he doesn’t know democracy will improve capitalist society while allowing the people the right to creat. So indeed Karl Marx is wrong in many ways and what’s worse is that some bad people in other countries have taken advantage of him to steal the wealth of their people by claiming that they follow Karl Marx and oppress democracy and kill the people all around the world, they have misinterpreted Karl Marx and used him as an excuse for making crimes
A W nice incoherent ramblings with a dash of “mUH HooMaN NaTUR”. Really shows that you’ve read and understood Marx rather than listening to Jordan Peterson
@@lizzyfrizzle8986 I tried to study the history of Chinese communist history and then read about karl marx, Lenin and Stalin and I found Karl Marx is manipulated by Russia and China, and even Engels and Marx criticized Marx's ideas of his early stages, they have actually changed a lot of ideas with the time, especially they see the role of the party plays to protect the rights of the workers through parliament. The communist China is actually not a communist country at all, there is a autocratic regime, it is an empire rather than republic. This is against Karl Marx, I believe Karl Marx supports democracy, freedom as well as legislation, Karl Marx wants to establish a equal society. And he knows that communism is utopia, but in reality, relative equality can be achieved and is realized in Europe by establishing a welfare society for the majority of the people, China does totally in an opposite way.
A W perhaps you should read socialism Utopian and scientific by Engels (note Marx nor Engels actually distinguished between socialism and communism) and personally I am a Leninist (the pre Stalinist variant)
I am not a communist but I must note that there are some benefits of communism that can't seem to be solved with democracy or capitalism. In a communism state, where pure communism could be achieved without a corrupt leader, crime envy and rivalry would be a thing of the past. Of course, having a leader who can manage an entire country without corruption is almost impossible to find, communism could be the solution to many of the world's problems including starvation, economic instability etc.
Did you even look at his work before making this video. Presenting flawed point of view does more damage than benefits. Presentation of Karl's points reminded me more about Democrats in USA than any thing. And second USSR never had Communism. Read something before making uneducated statements.
Vlad Impeller What more can you expect from bourgeois propagandists
Ksch Koff no
@Ksch Koff democratic state of north korea is not democratic because it has democracy in its name. Lenin stalin was capitalists dictators tyrants and ussr was founded on that premise so it can not be different then that.
@Ksch Koff But we must strive to improve evolve or we would end up as those extinct animals that could not adopt. Solution brings more problems. Anarchism
@Ksch Koff Capitalism will always lead to fascism. Because there is no capitalism without slavery racism imperialism colonialism. People will always revolt when in struggle and chained. And those that benefit from capitalism will evolve into fascists to keep it their way.
I was assigned to watch this video in my core humanities class... I am a political science and international affairs major and boy oh boy did this makes LAUGH.
RUclips algorithms won't allow a highly educated video on Marxism to be at the top of the search list.
please educate meeeeee
What exactly is funny about it?
@@OFilellinas γεια σου φρεντ
Occidentals: We know what communism is so we are against it.
Also Occidentals: repeating the "your/my=our" joke continuously, because that's the only thing they know about communism.
Guys read some books before make a comment.
Would those books include basic economics and world history? Because those books prove Marx to be an idiot of the highest order, a dolt whose silly economics destroyed entire nations. Those are just facts though, not silly leftist rhetoric.
@@chasproprietor7088 Actually, socialism built lot of nations from ashes after WW2 in Europe, dictatorships destroyed them. If you are from Europe or China or any country where the actual battles took place, than you know the extent of devastation of that war. For me, the interesting fact is that if you look at the Europe, most of the countries that didn't have colonies turned to communism, my perception is that maybe if France and Britain (and rest of them of course like Belgium and Netherlands... ) haven't had theirs, maybe they would too, so yeah, colonies helped. It's sad that socialism is viewed as something inherently bad, because than we wouldn't have 8 hours work days, 5 working days in week, payed sick leave, vacation and maternity leave, unemployment insurance, free education, also children would still work in factories in first world countries, and those are just facts though, not silly biased rhetorically.
He was right, but the knowledge was ahead of his time.
he was a psychopath, nothing more.
No he was left
@@het6618 The left didn't exist until 1900s.
@@erenjeager9442 oh come on he's the father of the left ideology
@@het6618 are you referring to Democrats Left Ideology?
Was Karl Marx right? No, obviously he was left.
Das Video war wirklich bescheuert
I guess this channel is pro capitalism
well yeah it's the economist lmao
Economy thrives on capitalism and it dies with communism, of course this channel is pro capitalism, withotu capitalism, RUclips wouldn't even exist, let alone the internet, and every other object.
@@pedromeneses5661 hahahahahahahahahahahahahahahahahahahaha
@Rudy Serrano en.wikipedia.org/wiki/Tim_Berners-Lee
No, he can centralize all property into a single group of ppl making the rest equally poor. Sounds great right?
75% of that absolute poverty lift you're talking about comes from China, which is a self proclaimed communist state. Your arguments against that are one thing (state capital etc) but 'Capitalism' didn't lift that many people out of poverty. Marx also talks about how the market value of products is cheaper thus not paying for true value of labour in Das Capital. It's mass produced, market value is less. Do your homework. Marx was more right than you think.
Social Democrat and Welfare states borrow ideas from Marxism, NOT Capitalism. They adopt Marxist ideals. They're not Capitalist successes, it's called Social Market Economy.
What is social market economy bro
@xxyyzz But china is socialist. this just goes to show how little people know about marxism. China is whats going through the dictatorship of the proletariat or the transitional stage. This is where they fight and supress bourgeois thought, give policy and authority that benefits the proletariat while having a capitalist mode of production and a market. China however plans their economy while having the market. its very complex.
@@sungod1384 yes but deng was a revisionist
I don't think he was wrong, I think we (humans ) just did it wrong.
Any political discussion that uses the word "Jewish" is always off to a great start
This is like a high school essay that was written the day it was due
He was right about globalism
About capitalism spreading peacefully throughout the world and slowly and agonizingly righting the wrongs perpetrated in the name of Marxism?
Nope. He was wrong about that, just like he was wrong about everything else.
@@enematwatson1357 Are you seriously claiming that Marx's ideas were all wrong?
Borni Ekellem yeah, as they have jobs now don’t they? Or would we rather let them just starve outright?😂😂😂😂
Malik these commies want equality so when one of them doesnt have food due to being lazy, he will outright call for *equality* and gets so jealous of the man with food and decides to rally his fellow lazy poor men to raise their pitchforks and kill the man with food. After that he MIGHT share the food with all his other commies therefore achieving a sense of communism or he might eat everything therefore becoming another failure of communism.
But but but... lets say he shares the food with others :D
They have no more food now, and them being inherently lazy, they will soon wage war on others and rape, pillage, and steal their food :D
Or he turns his fellowmen to farmers, in which they get stuck as farmers throughout their whole pathethic lives with no opportunity to improve theirselves. When their surrounding areas have all became mega cities with various professions, the poor farmers are still... farmers. Doing nothing but surviving, not living :)
Ralph Adrian This is the most simplistic, asinine fucking comment I ever read. Here, I can do the SAME THING with capitalism.
“Community lives peacefully, each using the means of production for everyone’s benefit (we’ll just use land as the means for this example). All of the sudden, a group of armed wealthy men from a capitalist country storm the land and seize it, forcing everyone to work on their own land for the profits of the capitalist, only taking scraps from the fruits of their labor.
You may like it, sitting on your fat ass eating twinkies and using your smart phone. Capitalism seems great to you! Because you have a good job, and you can afford ALL the Reese’s peanut butter cups you want!
But what you don’t see, behind the curtains, the massive exploitation of the third world. Workers, working their asses off in sweat shops, getting paid barely enough to eat twice a week, CHILDREN working in these conditions. You may not like it, but that’s the true essence of capitalism.
Marxist communism is NOT what the USSR or China had. They had an authoritarian socialist system, which is completely antithetical to most communists who actually take Marx seriously. A true communist society is anarchist. And it HAS been done before. Look up the Paris commune, it’s a fascinating story and it’s truly incredible what they managed to accomplish there.
This is essentially a troll video made by *The Economist* to make fun of those Sneaky teenagers trying to prepare an essay just before deadline .
Believe me : I'm trolled
Short answer: NO
Little known fact: Karl Marx had a sister who invented the starter pistol. Her name was Anya.
I don't think marx underestimated either of those things. he spoke regularly about price gauging and extensively on the ruling placating the masses through marginal reform and marginal improvements to quality of life.
He underestimated market mechanism, entrepreneurship, consumer sovereignty and more
i come from ex commi countri too young to remember but my parents never know anybody slaughtered , stop with that propaganda
Romania, Venezuela?
@Ryan Yarnevich Did you respond to the wrong comment?
It is called western media. They would do everything to demonize communism. BTW I am from China so I know it very well
@@brucechow1588 So 1989 Tiananmen Square was a media invention?
@@iliea.s.320 I didn't say it was invented by anyone. It existed but it is not like what the western media keep sayiing. I do belive a lot of people including students, citizens, soldiers and others died during the event but I believe it is necessary. Crackdown on protestors happened in many countries including those stress human rights the most. As was the case in Tiananmen, many people were killed.
my biggest disappointment as a socialist is that people criticize a STRAWMAN of my beliefs, but never know what socialism ACTUALLY means.
"Democracy in the workplace, democracy in government, and nobody is allowed to privately own price-inelastic industries. (Food, healthcare, water, housing, etc)
If youre gonna criticize it, at LEAST be able to define it. please
I love how The Economist attributes capitalism with "creating welfare states." I'm sorry. That was capitalism doing that?! ha!
Capitalism doing that because communism was there.
The natural logical conclusion of capitalism is where one entity owns virtually everything. That's not an opinion, that is math. How many people are in this world? The number keeps growing while their aggregate share of the pie keeps falling. Sure, capitalism expands the pie, but the poor are getting poorer BECAUSE of unfettered capitalism.... it is not government that has created the welfare state, it is government's inability to mediate capitalism, which left to its own devices, again, creates one super wealthy entity and everyone else fighting for scraps.
@@hajinezhad3 The poor aren’t getting poorer. World hunger and global poverty have gone down this century while standards of living have gone up across the board. The only reason the rich own a larger percentage of all the wealth in existence is because they create that wealth, or organise its creation.
Can you do it without 'capital'?
Right? Lol like wth? Capitalists fought against that every step of the way! lol so idiotic
Economist Writer: Uh Jesus, what about third world exploitative outsourcing.
Other Economist Writers: Nope, we only have a three minute video, just say that “everyone be rich” and forget about people who are suffering due to this.
How can they forget about something their ideology doesn't even allow them to see?
@RUclips Veterinarian
*You don't need a job if your subsistence lifestyle and ur garden are working properly,* jobs were for paying taxes to Imperialists Britain so soldiers didn't burn their house down.
@bearjew
"shithole countries" is not a technical term. Nice try tho dumbass
read a book, site a source, or continue to circle-jerk with *special-education-war-criminal-grandpa* who thinks having a garden is bad lol
@@jmanakajosh9354 You have provided no counter arguments my man, don't act like you're king shit.
RUclips Veterinarian bold claims, no evidence, implicit assumption that work within the context of capitalism is inherently good -bois its reactionary dipshit time
Marx never underestimated the abilities of Capitalism:
"The bourgeoisie has disclosed how it came to pass that the brutal display of vigour in the Middle Ages, which reactionaries so much admire, found its fitting complement in the most slothful indolence. It has been the first to show what man’s activity can bring about. It has accomplished wonders far surpassing Egyptian pyramids, Roman aqueducts, and Gothic cathedrals; it has conducted expeditions that put in the shade all former Exoduses of nations and crusades."
-Communist Manifesto
But also he never said it would make everybody rich, which obviously isn't true. Also welfare states emerged because of existence (and constant threat) of USSR. As it is gone now, for example Swedish people are wondering and complaining about why everything is getting privatised gradually in the last 30 years. They can keep wondering.
Based.
The way the Soviet Anthem just started playing randomly
you wrong in one point and you know it: " comunism failed" "comunism enslaved " -- if it failed means that what enslaved wasnt comunism. it was something else.
Not necessarily
@@libertadconobjetividad5550 how? Comunism it self has more than 4 ways of being..
@ZombifiedFish nop, Im saying what I Said. Lol
Yes, it was something else. Specifically, it was the attempt by Communists to bring about Communist society. A process widely, though inaccurately, known as "Communism".
the poor research on this video is disapointing even to a non-marxist like me.
Лукас Артеага it is the height of ideology, but I suppose we can expect nothing from the journal of British billionaires itself, as Lenin once named it
@@dark_messiah8183 i think u mean idiocy but ok
anonymous9999 what are you on about?
@@dark_messiah8183 oh sorry lol idiocy*
anonymous9999 oh yes, it is quite idiotic, the system we have. I hope you don’t think that by saying it’s the height of ideology that I am complimenting the economist, because I am not
He was indeed right about capitalism. Start reading him, it will save you time and misleading!
Didn't watch
The answer is yes
How inaccurate do you want this to be?
The Economist: yes
What are all the inaccuracies boss?
@Shane O he never underestimated capitalism. Just because capitalism has reforms like social welfare doesn’t make if an unstable system. Social welfare is like putting a bandaid on an open wound, it won’t fix the actual issue at hand which is the expropriation of the worker by the capitalist
@@iskra2.018 Thats 1 inaccuracy. Is there any others?
@@slayerdeth0705 yes, claiming that “tens of millions” of average citizens died under communism is highly inaccurate
@@iskra2.018 It was way more.
Short answer: Yes.
Long answer: Yeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeees.
I like how you couldnt dispute any of his critique points and acknowledged that he correctly predicted the problems that capitalism would create, yet you still say that its a decease...
Hard to deny obvious reality, easy to discredit what the red scare already vilified.
"Was Karl Marx right?"
As someone who has taken time to honestly study Marx, I'm going to say yes.
You don't care about the poor and the working class struggles nowadays.
This video fails because take for granted 20 century forms of socialism are definitives and capitalism will be forever.
Marx is still waiting for us in the future.
May be once we get artificial intelligence.
Name NotAvailable I think class consciousness will be enough
Uh, did the people who made this video even bother to read Marx?? This has nothing to do with what he actually said (and I'm not saying this to defend Communism, which has inflicted a lot of harm on the world ~ but this feels like someone summarizing a page of bullet points about Communism from a middle school textbook)
@Starwars Fan360
Oh boy guys, guess we should learn our econ from political pamphlets (sarcasm)
@Starwars Fan360 the manifesto was a time spesific reference. You should have read wage labour and capital. Or just capital.
I mean what else would you expect, it’s a 3 minute video that attempts to summarize Marx and juxtapose it to the modern day
@Starwars Fan360 hahaha "real science in econ class" and "das Kapital" is a fairy tail
You Genius can't even explain where the Profit in our society comes from....
Hoewever If you think you can, i would ne pleased
@Starwars Fan360 could you explain this process in more Detail mby? At the Moment you Argument is: Profit comes from the Economy
The real question is what is Profit and where inside the pruduction or circulation process is it extracted
1:37 quit involving Stalin with communism, he was never supposed to be the leader and did the opposite of communism, communism is very different from Stalin and should not be considered the same
It’s a bit of a contradiction to say, that the poor stay poor under capitalism and then showing how extreme poverty has been almost eradicated in the past decades.
Which one is it now?
poor not disapear,it just move to another place.