Capitalism vs. socialism Town Hall | Part 4

Capitalism vs. socialism Town Hall | Part 4


CHARLES: WELCOME BACK TO OUR FOX BUSINESS SPECIAL TOWN HALL ON CAPITALISM AND SOCIALISM. BIANCA CUNNINGHAM AND RICHARD WOLFF ARE ADVOCATING FOR SOCIALISM. HERMAN CAIN IS FIGHTING THE CAPITALIST FIGHT. LOU DOBBS IS KNOWN AS CAPITALIST FIGHT ARE. HOST OF “LOU DOBBS TONIGHT,” 7:00 P.M. HERE ON FBN. NAMED TV’S REMERE BUSINESS ANCHOR FROM “THE WALL STREET JOURNAL.” GRADUATED IN HARVARD WITH A DEGREE IN ECONOMICS. GREW UP IN TEXAS, IDAHO. SO GREAT TO HAVE YOU HERE.>>AND TO BE WITH ALL OF YOU. CHARLES: START WITH FIONA, WILL GET IT STARTED IN SEGMENT. HOW IS IT GOING?>>HI. CORPORATE EXECUTIVES ANSWER ONLY TO THEMSELVES AND A FEW BASIC STOCKHOLDERS MAKE BASIC ECONOMIC DECISIONS THAT AFFECT MILLIONS OF PEOPLE. WHY WOULD WORKERS AND BENEFIT A SYSTEM OF INPUT THAT WOULD BENEFIT THEIR LIVES? CHARLES: LET ME START WITH YOU. YOU ORGANIZED WORKERS. YOU WOULD HAVE WANTED — YOU WERE FIRED FOR DOING THAT?>>I WAS FIRED FOR ORGANIZING, YES. CHARLES: DO YOU FEEL LIKE THAT SYSTEM IS THAT WAY? THERE IS HANDFUL OF PEOPLE MAKING THE DECISIONS AND IT WOULD BE BETTER?>>CERTAINLY. EVERY SINGLE YEAR I WORKED FOR VERIZON EVERY SIX YEARS. WORKED OFF COMMISSION STRUCTURE. EVERY YEAR I WAS MAKING LESS AND LESS MONEY. THEY WERE MAKING ARBITRARY DECISIONS THAT AFFECTED MY LIFE, MY ABILITY TO PROVIDE FOR MY FAMILY. AND WE CAME TOGETHER AND ORGANIZED, TO JOIN A UNION TO FIGHT BACK AND WE WON BETTER WAGES. WE WON BETTER WORKING CONDITIONS. THAT IS EXACTLY THE SYSTEM WE’RE TRYING TO MOVE TO. THE FACT THAT PEOPLE ARE RETALIATED AGAINST FOR USING THEIR RIGHT FOR EXERCISING THEIR RIGHTS TO ORGANIZE IS ONE OF THE PROBLEMS THAT HAPPENS WHENEVER A FEW PEOPLE AT THE TOP ARE ABLE TO SET THE AGENDA IN THIS COUNTRY. [APPLAUSE] CHARLES: LOU, ON TOP OF THAT, THESE PEOPLE WERE PAYING THEMSELVES OBSCENE AMOUNTS MONEY. ABIGAIL DISNEY IS RAILING AGAINST DISNEY CEO MAKING $65 MILLION A YEAR WHEN THE AVERAGE WORKER IS MAKING 50,000.>>I THINK THEY’RE RIGHT. THE CEO PAY IS OUT OF LINE. IT IS ABSOLUTELY AN ANOMALY WITHIN AMERICAN HISTORY. AND SINCE 1993, WHEN WE MADE STOCK OPTIONS REPORTABLE BUT NOT DEDUCTIBLE, WE HAVE, WE HAVE CHANGED THE METRICS HERE. THE WORKER, THE EMPLOYEE, IS WATCHING MANAGEMENT SOAR IN COMPENSATION WHILE WORKERS HAVE, JUST A DISADVANTAGE OF PART OF THAT RATIO. IT SHOULD BE MUCH, MUCH LESS THAN 500 TO ONE. HISTORICALLY THE NUMBER IS ANYWHERE FROM 20 TO 25 TIMES AS MUCH. AN THAT HAS TO BE ADDRESSED. IT SHOULD BE ADDRESSED BY THE STAKEHOLDERS, INCLUDING THE PEOPLE THAT OWN THE COMPANIES, THAT IS, SHAREHOLDERS. THE IDEA IT IS AN IN ALIGNMENT BETWEEN SHAREHOLDERS AND MANAGEMENT IS JUST SPECIOUS NONSENSE. CHARLES: RICHARD, YOU TALKED ABOUT EVERYONE AT THE CORPORATIONS HAVING A VOICE. WOULD THAT ACTUALLY WORK AS WELL? WOULDN’T THERE BE CHAOS? YOU DO NEED SOME PRECISE DECISION MAKING?>>THE MOST SUCCESSFUL ECONOMY IN EUROPE IS GERMANY. FOR THE LAST 30 YEARS GERMAN LAW PRESCRIBED THE FOLLOWING, IF IT SHOCKS YOU, TELLS YOU SOMETHING ABOUT THE MEDIA THAT SUBJECT TO IN THIS COUNTRY. THE LAW IN PERMANENT ANY IS THE FOLLOWING. EVERYBODY CORPORATION WITH 2,000 OR MORE WORKERS MUST PUT 49% OF THE PEOPLE ON THE BOARD OF DIRECTORS ELECTED BY THE WORKERS. IF YOU HAVE LESS THAN 2,000, YOU HAVE TO HAVE 25%. THAT PUTS A WORKERS REPRESENTATIVE ON EVERY BOARD OF DIRECTORS, MULTIPLES. THEY ARE PARTICIPATING IN THE PLANNING, THEY KNOW WHAT IS BEING DONE. UNLESS SECRET EFFORTS ARE MADE TO GO AROUND THEM. WHICH ARE PROSCRIBED IN GERMAN LAW? HAS IT PRODUCED CHAOS IN GERMANY? NOT AT ALL. THE RECOVER FROM FROM THE 2018 2018 — 2008 DEPRESSION WAS MUCH BETTER THAN OURS. THE NOTION YOU CAN’T HAVE WORKERS PARTICIPATING IS CANCELED BY NOT ABSTRACT DISCUSSIONS THEORY BY REALITY WHAT OTHER CAPITALIST COUNTRIES MANAGED TO DO BUT WE’RE JUST FAR BEHIND. CHARLES: LOU IS THAT ONE EXTREME TO ANOTHER?>>I’M SORRY? CHARLES: WOULD THAT GO FROM ONE EXTREME TO ANOTHER?>>I DON’T KNOW THAT EVEN THE PLACE THAT ACTUALLY EXISTS IN GERMANY. IN POINT OF FACT THEY HAVE EXTRAORDINARY SOCIAL COSTS IMPEDE THEIR ECONOMIC GROWTH. THEY HAVE A MERCANTILIST TRADE ECONOMY. THEY LIVE IN LARGE MEASURE ON U.S. DEFICITS AND THEIR SURPLUSES AS A RESULT. GERMANY IS NOT A MODEL FOR ECONOMIC GROWTH VITALITY OR INNOVATION. IT’S A MODEL FOR MERCANTILISM AND INTERNATIONAL TRADE. IT IS HARDLY A MODEL IN MY OPINION FOR VIBRANT PROGRESSIVE ECONOMY.>>LET ME GIVE YOU AN EXAMPLE. CHARLES: WE’RE RUNNING OUT OF TIME, RICHARD. WE WANT TO GET ANOTHER QUESTION IN. IN FACT GO TO MICHAEL. HE HAS THE NEXT QUESTION, MICHAEL.>>CAN WE RECOGNIZE THERE ARE HUMAN RIGHTS LIKE EDUCATION, HEALTH CARE, HOUSING, FOOD? THERE SHOULD BE AVAILABLE TO EVERYONE, NOT JUST TO THOSE WHO CAN AFFORD THEM, RECOGNIZING THESE EXIST AS RIGHTS IN THIS COUNTRY, NOT IN CUBA OR VENEZUELA ONLY BECAUSE PEOPLE FOUGHT FOR THEM, FOR PUBLIC EDUCATION, FOR HOUSING, FOR NATIONAL PARKS, PUBLIC LIBRARIES, SOCIALISTS FOUGHT FOR THEM LONG AND HARD? [APPLAUSE] CHARLES: HERMAN?>>I WOULD AGREE WITH YOU THOSE ARE SOME BASIC HUMAN RIGHTS THAT PEOPLE ARE ENTITLED TO AND, AS YOU KNOW, OUR PUBLIC SCHOOL SYSTEM PROVIDES FREE, NOT FREE, EDUCATION PAID FOR WITH TAXPAYER DOLLARS. WHAT SOME OF THE SOCIALISTS WANT TO DO IS MOVE THAT UP ANOTHER LEVEL WHEN AT THE SAME TIME, WHEN AT THE SAME TIME THERE ARE ISSUES JUST K THROUGH 12 BECAUSE OF SOME OF THE WAYS THAT THINGS ARE DONE. MANY PEOPLE TAKE THEIR KIDS OUT OF PUBLIC SCHOOLS BECAUSE THEY SEE SOME OF THE INEQUITIES THERE. I DON’T DISAGREE WITH YOU THAT THOSE ARE SOME OF THE BASIC RIGHTS THAT EVERYBODY OUGHT TO BE ENTITLED TO. I JUST DON’T BELIEVE GOVERNMENT OUGHT TO BE THE ONE TO PAY FOR ALL OF IT. [APPLAUSE]>>I CAN RESPOND TO THE NOTION THAT UAs AT THE SAME TIME I RESPOND TO LOU. ONE OF THE THINGS GERMANY DOES WITH ITS DOLLARS IS DO THE FOLLOWING. ALL COSTS OF COLLEGE IN GERMANY, RIGHT NOW, ARE ZERO. NO TUITION. NO FEES. NOT ONLY FOR GERMAN CITIZENS BUT FOR ANYONE IN THIS ROOM WHO WENT TO GERMANY TO TAKE A COLLEGE CAREER COULD GO THERE AND THEY WOULDN’T BE REQUIRED TO PAY ANYTHING. WHY? BECAUSE IN GERMANY THE IDEA IS THE BEST WAY TO DEVELOP THE PRODUCTIVITY, AND THE INNOVATION AND THE GROWTH IS THIS GIVE EVERYBODY A CHANCE TO A FREE EDUCATION. AND THEY’RE DOING REAL WELL WITH IT. THEY WOULDN’T RECOGNIZE THE DESCRIPTION OF GERMANY. THEY FOUGHT FOR THESE THINGS. EVEN CONSERVATIVE GOVERNMENT OF THE MRS. MERKEL COULD NOT RESIST WHAT A POWERFUL, SOCIALIST AND LABOR MOVEMENT INSISTED BE DONE. CHARLES: LOU? [APPLAUSE]>>THERE IS NO SUCH THING AS A HUMAN RIGHT. THERE ARE, AS YOU KNOW YOU OUTLINED YOURSELF, THERE ARE RIGHTS THIS COUNTRY HAS CREATED IN ITS CONSTITUTION AND THAT HAVE BEEN FOUGHT FOR BY THREW OUT HISTORY. THERE IS NO EXCEPTION, THERE IS NO RIGHT THAT IS SIMPLY BECAUSE WE ARRIVED ON THIS CONTINENT. THERE IS NO RIGHT JUST BECAUSE WE HAPPEN TO BE HUMAN BEINGS. AND THAT IS WHY THERE IS QUITE A DISPARITY IN THE LIVES AND LIVELIHOODS OF PEOPLE ALL AROUND THE GLOBE. IT SHOULD MAKE IT MORE IMPORTANT FOR EVERYONE TO UNDERSTAND WHAT IS WORKING AND WHAT IS NOT WORKING. NOT ONLY IN THIS COUNTRY, BUT IN THIS HEMISPHERE AND AROUND THE WORLD. WE KNOW WHAT ISN’T WORKING. AND THAT IS SOCIALISM. THERE ARE RARE EXCEPTIONS. [APPLAUSE] BUT THIS ECONOMY, THERE IS NO CLOSE SECOND TO WHAT HAS BEEN ACHIEVED BY AMERICAN CAPITALISM. AMERICAN FREE ENTERPRISE CAPITALISM, THAT HAS NOT ONLY CREATED THE WORLD’S ONLY SUPERPOWER, THE WEALTHIEST COUNTRY ON EARTH, BUT THE MOST POWERFUL ECONOMICALLY, MILITARILY, IN ANY OTHER WAY YOU WISH TO APPLY A METRIC. THIS IS CAPITALISM. IT WORKS. THEN THERE IS VENEZUELA. THERE IS CUBA. AND THERE IS THIS CHINA. CHINA BY THE WAY IS A COUNTRY AMERICA BUILT. NOT ALWAYS WILLING. [APPLAUSE] CHARLES: BIANCA, DO YOU WORRY IF THE GOVERNMENT DID EVERYTHING, WE WOULDN’T HAVE THE IMPETUS TO DO THE THINGS THAT MAKE US GREAT? WE WOULD NEVER ACHIEVE INDIVIDUAL GREATNESS IF THE GOVERNMENT DID EVERYTHING FOR US?>>WHEN WE LOOK AT COUNTRIES THAT PROVIDE BASIC HUMAN NEEDS TO THE PEOPLE, WHAT THEY SEE THEY HAVE THE OPPORTUNITY TO PURSUE THE CAREER PATH THAT MAKES THEM HAPPY, SKILLSETS, AS OPPOSED PEOPLE HERE ARE STUCK IN DEAD END JOBS, THEY ARE AFRAID OF LOSING THEIR HEALTH CARE. THEY CAN’T TRANSITION TO DIFFERENT CAREER PATHS. THEY ALSO CAN’T START SMALL BUSINESSES BECAUSE THEY CAN’T NOT AFFORD TO GO WITHOUT HEALTH INSURANCE. WHAT WE’RE TRYING TO ACHIEVE IS SYSTEM WHERE PEOPLE HAVE THE FREEDOM TO PURSUE WHAT THEY’RE GOOD AT, PASSIONATE ABOUT. WHAT WE SEE THAT PEOPLE WORK HARDER TO GROW THE ECONOMY WHEN EVER THEY’RE DOING SOMETHING THAT THEY’RE PASSIONATE ABOUT. [APPLAUSE]>>VERY QUICK. NUMBER ONE YOU NEVER HEAR THE SOCIALISTS TALK ABOUT COSTS AN THEY DON’T TALK ABOUT RISKS. THEY NEVER TALK ABOUT COSTS AND NEVER TASK ABOUT RISKS. THOSE TWO WORDS DON’T APPEAR IN THE NARRATIVE ANYWHERE. WHEN SOMEBODY ASKED THE QUESTION, WHAT IS GOING TO COST, THEY SHIFTED SUBJECT. THEY WANT TO IGNORE THE FACT THOSE THINGS ARE UNAFFORDABLE. [APPLAUSE]>>LET ME QUOTE MILTON FRIEDMAN ONE MOMENT. HE SAID, SO APTLY I THINK THE MOST BRILLIANT ECONOMIST OF MY GENERATION. HE SAID THAT THOSE WHO WANT FREEDOM AND EQUALITY, AND MAKE THAT A PRIORITY, ARE LIKELY TO HAVE NEITHER. THOSE WHO WOULD PUT EQUALITY ABOVE FREEDOM WILL CERTAINLY LOSE FREEDOM. AND THOSE WHO PUT FREEDOM ABOVE EQUALITY, WILL HAVE THE OPPORTUNITY FOR BOTH. CHARLES: WE HAVE LEAVE OPPORTUNITY THERE. IT WENT VERY FAST. I HOPE EVERYONE FOUND THE IMPORTANT DISCUSSION HELPFUL, INFORMATIVE. I WANT TO THANK EVERYONE AT HOME FOR WATCHING. VERY SPECIAL THANKS TO OUR WONDERFUL AUDIENCE. THANK YOU ALL VERY MUCH. OF COURSE WANT TO SAY THANK YOU TO RICHARD WOLFF, BIANCA CUNNINGHAM, HERMAN CAIN, LOU DOBBS, KENNEDY FROM EARLIER, NEIL CAVUTO, STUART VARNEY. I’LL CHARLES PAYNE. SEE YOU BACK HERE ON “MAKING MONEY,” 2:00 P.M. EASTERN TIME. WE WILL CONTINUE THIS

100 thoughts on “Capitalism vs. socialism Town Hall | Part 4

  1. If the CEO's make 182 times what an average employee makes then just take part of the money from the CEO to pay for socialism. What about all that taxpayer money that goes as donations to foreign countries like Israel? why dont we spend money rebuilding the infrastructure of our own country instead of other countries?

  2. Msg to all socialist lefts out there , stop complaining , and start your own business then I give you permission to complain and if ur smart enough you will realize how ridiculous socialist ideology is ……. good luck you sad sad sad people

    Trump 2020 , trump jr 2024

    Ps. if these are the men and woman of our future generation , I’m getting on a space x craft and heading to mars ( thanks to capitalism)

  3. Under capitalism you have a choice in what you chose to buy, Under socialism it will be Government owned you will have one quality of item to buy. the deception is that they think it will be owned by the people.

  4. 1:15 Fiona is 19 years old and she claims she worked for Verizon for 6 years that would mean that she started working at Verizon at 12 years old No way in hell do I believe that.

  5. Bianca sees the nation,in terms of can't!If you believe you can't,then you won't even try!If American capitalism is so bad,then why would 100's of 1000's of people risk their lives,to get here?!

  6. Richard needs to do his homework, German university students must pay circa $290 per semester for fees, depending upon in which state one studies. I wouldn't call this "free" as all taxpayers must foot the tuition bill.
    Additionally, we all as consumers do have a vote, if a company produces an inferior product or one that is not wanted, we don't buy it. Companies that fail to produce what is demanded either change or go under. This in contrast to the old Soviet Union where the government mandated what and how much of a product should be produced, not what the consumer needed or wanted.
    i recall President Reagan saying that "people can't see a fat man standing next to a thin man without coming to the conclusion the fat one got that way by taking advantage of the thin one."
    I would also add, with Richard's philosophy, students should then be allowed to dictate how he conducts his courses, when they should take place,and how much they should pay him. If tuition is paid for by the govt, then professors would be employees of the govt, then forced to teach what the govt mandates.

  7. "Socialists' are always whining about CEOs and wanking on about a system that would give them ownership in companies. Well, we have that lazy twits. It's called the stock market. You can buy ownership in any company you want that's publicly traded. Oh I know, that actually takes work and applying yourself. And when some one of 'the people' does it right and makes bank, the same socialist ninnies yell that that person did something unfair too. Why? He/she actually DID what you're whining about being handed to you magically- they took on part ownership of a bunch of companies and made it pay them.

  8. Bianca is rude, disrespectful, and ignorant at best. She has no idea what kind of Pandora's box that would be opened if we allowed the government to go socialism. They're already corrupt, invasive, over-reaching, and against the common law. There's no telling what they'd degrade to as truly socialist.

  9. School of choice for ALL. Private school and Homeschooling for ALL.
    Work for what you want. Government stay out of Parents Choice!
    Government stop punishment of Homeschooling parents.

  10. "China is a country America built." Finally someone mentions this. Where would China be today without US dollars, businesses, and tech?

  11. We can't start small business, because of Democrat Policies that have made RED tape to long and confusing. And to expensive for all the government fees and requirements.

  12. No Socialist program is Free! We all have to pay for them with Higher taxes.
    And make No Mistake, it will be funded by the 99%. Because the majority always pays more.

  13. most successful economy in the world is Germany…not just Europe. Whats funny is the healthiest and most efficient economies in the world are all democratic socialists and all spend very little on military….hmmm coincidence ? unlike the US who spends huge % of their budget on military

    "China is a country America built" …AHAHAHAH WHAT? Surely he hit his head REALLY hard before this panel because that is so incredibly stupid its actually hurting how hard I am laughing at that

  14. college should be free. Before a high school diploma was in most part enough, today a high school diploma is worthless

  15. government should just leave businesses alone the free market will fix everything by itself. if your working at mc Donalds and not doing that much at all you should not be able to get a union for an already easy job where you make the money that your job is worth I don't and also I don't understand what people don't get about the "homeless crisis" in America because that's not what it is its a drug crisis and if these politicians and left wing activists would go and do some research or go survey people in various places they would realize that we shouldn't make it easier to be homeless we should make it harder and give people benefits like housing for working a full time job I mean if your homeless your either lazy, addicted to drugs or you have mental issues people who aren't those things pick themselves up and get a job and home not that complicated

  16. No company anywhere owe you anything. They pay you for your work done and what you are worth. When you start running your own multibillion dollar company with thousands of employees then you can make millions of dollars. You talking on the phone bringing in your salary worth, if that, of business does not give you the right to the owners millions. What an idiot.

  17. When a working-class person is born into a capitalist society, it's like joining in on two other people who have been playing the board game Monopoly for three hours – you're going to get dominated and you will never get to their level because they own everything.

  18. GERMANY IS A SMALLER POPULATION THEN AMERICA so they can do what they do,but the fact that they do anything different doesnt make it work anywhere else

  19. 6:45 Its not right. People still pay education in germany. Its only cheaper for germans and eu members. For non-eu members is expensive and its not a mistake. The only country that has made education almost completely free of charge is Slovenia (eu member) and EU which stands for liberalism still loves greece which is in debt worth many billions.

  20. anything that is free is always paid by some other means. You learn that day one in an intro to econ course. Free education for foreigners in germany isnt a thing, but it is also a negative externality because germany fronts the bill and then the brain drain happens. The foreigners educated there do not stay within germany they take their skills either back home or in some megaopolis like London pre brexit.

  21. If there is no such thing as a "human right," then why must the government take from me in the form of taxation? If my government can not offer me basic human needs like housing (affordable shelter) with electricity and clean water, a proper education, etc… then why should I be forced to pay taxes?

  22. I will answer for the socialist that would not answer the question how much will there socialist system cost and how will it be paid for. The cost is lower living standards and how will that be paid for MUCH HIGHER TAXES!!!
    Socialism is a losing system that can't be afforded…

  23. All i will say is how do we pay everytime capitalism ask us to bail them out and how we are paying for all the decision they make do to self interest coporate greed!
    How we pay for all this endless wars and all this tax cuts and incentives and deduction that are given ti all this coporation plus why is it that this same coporation are always outsourcing our jobs that make products that eventually they want us to pay for ?
    This is not a real capitalism , is more like Coporate socialism ?
    I believe that we do need certain programs to be socialize like education , police ,miltary , and health care. And of course a few other paid by us .
    This will give more freedom and make us better .
    We pay for it just like we are paying for them now.
    Just make them better with better investments plus capitilism needs to be more regulated meaning not allow mergers like we have now.
    More competitive.
    And limit investor by not allow them to hold or be part of the board.
    We need to also take money out of politics!

  24. Socialism and people who believes in it are operating in theory that they assumed it might or can work but there is no proving model out there unless they’re in fantasy land or something….lol

  25. The young lady pushing socialism obviously takes more than her fair share.
    …of food.
    If college is free for all in Germany, why aren't more people from around the world attending?

  26. Socialist talk about cost ALL THE TIME. Capitalists never talk about costs of tax breaks to the rich. They never balance budget, but increase debt and then democratic presidents need to lower debt until another republican president increases debt again. This was a joke town hall and FOX news is a joke, but not a funny one.

  27. Germany started World War 1 World War II, if the only used your talent and help the world without the elite people of the world things would have been better but the elites that controls the world do not let that happen. Scandinavian countries tax highly of their citizens.
    The Democrats wants open borders, Asylum Seekers refugees they want to give these people they come into our country illegally everything but we cannot help USA citizens that are homeless, that are addicted to their lifestyles. What a socialist country do that for their citizens I don't know I have not researched that but I need to start giving more to the unfortunate citizens of our country the USA.

  28. When these kids start every sentence with SO it is SO distracting that you don't hear what else they say. I can't believe anybody would go on there with holey jeans. And if she believes what she preaches why doesn't she start her own business instead of trying to ruin everybody else's?

  29. There is no democracy in socialism, it's 2 things opposit of each other!
    Socialists offer all for free, but have no real way to pay for it. The 1st thing a socialist would do after beeing elected is to raise taxes to pay for his or hers promises, we all heard that from the people running for president,some of them want to tax people 70 to 90% . I would like to here any socialist say that he or she is willing to share his property, his money and his possessions with any people that are " " " "disadvantaged " but i never hear that out of any socialist mouth! The socialists are very generous with other people's money and sacrifices and nothing from them personally! Socialism works till it runs out of other people's money, then you have a collapse or revolution. So none of the 2 socialists in this video explained how they intend to pay for all the FREE STUFF that taxpayers will incur because it would not be enough ,so the 2 socialists did not want to say" WE HAVE TO RAISE TAXES, so that the working citizens pay for the ones that dont or like the proposed " NEW GREEN DEAL" from socialists ocasio cortez sayed : " we have to support even the people that DONT WANT TO WORK!!" her words not mine.

  30. I guess all these people that are storming our border are coming for socialism? All they got to do is look at our Southern border. Why are those people coming here? They're leaving countries that have socialist programs. They want freedom and opportunity. Not more socialism

  31. I’m in a union and I see people who come to work and do NOTHING AT WORK! They come to do time and collect a check! And the union protects them! In the meantime they are doing nothing and the people who work do their assignments and the bums assignments! That’s socialism for you!

  32. That girl thinks that you will have the freedom to do what you want. The truth is that some panel will choose what job you do. And if that’s a janitor guess what you will probably die a janitor.

  33. if Capitalism works so well why are Coal Miners going hungry and asking for Socialist handouts.. why are farmers now taking Welfare bailouts.. the only answer one can come to is Capitalism is not that great..

  34. why the fk they are making it in such short pieces? Do they think people are that stupid? Just make 1 or 2 long segments…

  35. Every socialist wants to "take away" (ie steal) from those who have money in order to reach their dream of equal outcome for all. It proves that their means, however unjust, or evil, justifies their end.

  36. America is 1st in military size and GDP , that's it nothing else healthcare, social mobility, average salary, etc….

  37. dude those audiences literallly cheer at every other word, I do't even think they hear what 's being said, probably just paid to cheer

  38. Multiple times these socialists state it would be more fair if the workers had a say or actually ran the companies they work for. That is ridiculous and irrational. Workers will always prefer business decisions that will benefit them only without thinking of the big picture with no consideration of profitability of a company that employs and pays them because they lack the knowledge or buisness savvy to do so. If they did have that capability, they would start thier own company and once they are in charge and are aware of the hurdles they must jump to become profitable and successful, they will make the same decisions they currently feel is unfair….or worse.

    they also insist ridiculously high taxation rates for those that are successful and have the capital to invest and actually build a company that can employ them and pay them a decent wage. Tax the hell out of those people and they can't invest or build a company that will employ and feed many.

  39. Most things these socialists say are flat out wrong and will not give the outcome they state. These outcomes are proven to be detrimental to it's citizens and examples can be seen across the globe. Socialists paint Utopia and it is just not possible with their idea's. Just think if everyone in your place of employment had input into your companies operation. It would be chaos. Exactly who would make the final decision on what course of action is to be followed? And how long would it take to filter through everyone's ideas?

  40. 9:10 Try starting a business a small business in a "social democratic country". Its really hard.. I should now (Im norwegian). If I earn 10 000 USD Im lucky If I can find a way to hold on to 4 000 of that. There are rules in Norway that are supposed to help small business but the rules are so worthless. You can for instans earn around 7000USD without paying VAT. But after that you pay 25% VAT on every sale you make. Then there are personal taxes on top of that. And if you would for instant buy a suit to use in your business as a small business owner you cant claim it as a business expense. Travling points are now also taxed in Norway. More bureaucracy thats impossible for a small startup business to follow. Then there are property taxes you pay on property and a tax on the estimated value on the company that you have to pay even though the business cashflow is negative for a quarter.

  41. Why anyone wants to implement a system never works is beyond me. Capitalism has moved more people out of poverty than socialism could ever dream of.

  42. Man I hat this commie age, keeps your hands out of my pocket. You want what's In here? Then get to working,stop begging,and work. Simple and grand idea isn't it?

  43. Those corporate heads , and 1% has sacrificed more, and worked harder, than 99% of the remaining.. GROW UP. They get paid to make decisions. Take some time and read about the free market, and do not be scared of competition.

  44. Milton Friedman was a plonker serving the interests of oligarchs who simply didn't want to pay taxes. A free society runs on the contributions of workers for the benefit of society. namely taxes. free market capitalism cannot exist in a free democracy without socialism.

  45. I joined the group ,Junior Achievement in 1967. This was an after school group which made a product and sold it. The fellow the group chosen as president was allowed to take a team to a larger city for meetings and training so I raised my hand and said I would also like to go to represent Labor. He told me that labor was not smart enough to attend. He then smiled and people chuckled and he looked at his Dad who was the adult there who smiled back at him approvingly. I stopped going to the meetings and when my Dad asked me why I told him what transpired and that this is not a paying job and I nor my family relied on me keeping this job and I will not work for someone who disrespects me. I saw just a shade of a smile grow on my fathers face.

  46. The socialism always wants to harvest what capitalism have created. That is why socialism works in the beginning of the harvest and ends to be a chaos after the wealth of capitalism is dried up.
    I am wondering if socialism wants to take over after all the wealth creators take all their wealth outside the country, let start fresh without any capitalist baggages. Let’s see how perfect and innovative socialism will be!

  47. socialism will end up as always the gov forcing you to do as they say theses same people will be the first when it fails to cry while we the people will have to save our country all over again

  48. Besides Kennedy, and the other capitalists, interrupting the socialists view, and the panel  drowning  them out.  I can go on and on .  Capitalists main argument is where will the money come from, and all they can imagine is higher Taxes, Foooy. take from the 2% those ILL GOTEN GAINS they have accumulated by first RIGGING, then PLAYING THE SYSTEM They helped create by changing laws that were in there way, influencing our politicians through there LOBIESTS to vote a certain way or they threaten to not fund there election campaigns.  or MUCH WORSE !    Thank GOD for (SOCIAL) security insurance, as after they ended pensions and robbed millions of there hard EARNED investments we elderly would be truly F-ed  with out it!

  49. Round four goes to the socialists. The whole debate goes to the socialists.

    It was a rigged capitalist show with a partisan host, but the capitalists were unpersuasive.

  50. 2 people for Socialism with minimal talking time.
    5 people for capitalism
    More talking time…
    This really makes the case for Socialism.

  51. She knows nothing about how universal healthcare works. In the UK for I stance if you need a gyno you first must convince a government Dr. (6 yr degree there, we call them nurse oractitioners) that you need a gyno. If he agrees you have to wait a month for the government beaurocrat to approve it. Then a month later, if they approve it, you see the gyno. Say they say you require a hysterectomy. Again a month for a beaurocrat to approve it. When approved you wait a month to go into surgery. While being prepped you are informed there are not enough beds. Go home and wait another month. This could happen 3-4 times before you get your surgery. You dont know your doctors, they don't know you. You cannot choose your doctors or even which hospital you go to unless you are wealthy enough to pay much more out of pocket. Pray there is not cancer because with all of this time lost it may have metastasized to other organs. Check out cancer survival rates in the UK and compare to the US. By the way the series of events is not just a story. It happened to a family member of mine in the UK. She could not believe that we choose our doctors and hospitals and we can just make an appointment with a specialist. My aunt was told her cataracts were so bad they should have been taken care of years ago. She walked around virtually blind for 2 years waiting on her procedure to be approved. Do you know any American that would out to with this?? There is a reason people come here from all over the world for better healthcare.

  52. I find it culturally and ethnically offensive and humiliating that western liberals think they can do better job with Marxism then the Slavic, China, Vietnam,CAMBODIA , or South America. Now that's Very supermacistic THINKING 🤔 🤥🤥🤥🙄

  53. Why can't they afford to go without health insurance? Don't buy that fairytale told by the insurance companies. I went without health insurance my entire life.

  54. How do you pay for it? Well you can start by not wasting 100's of billions of dollars on the military, the funding of the Saudi Arabian dictatorship and the funding of apartheid Israel. Then make large corporations pay tax just like the rest of us and impose a 1% tax on wall street transactions.

  55. Lou Dobbs made some good points about how capitalism works, but with unfair advantages with corporations with laws and regulations being changed in their favour. That said, I've heard Proff. Wolff talk about worker co-ops which make a lot of sense as well. Also, they didn't give fair time to Proff. Wolff to explain his ideas during this series of debate either. I'm for Capitalism btw, but certain laws and regulations need to be addressed for sure. Along with our governments allowing this corpocracy, and bailouts to continue on the backs of the working class. The function of the Federal Reserve and Central Banks need to be looked at as well imo.

  56. How the hell bianca make it on this show. Also to commie professor thank you for making me love capitalism more. I will work 4 hours overtime tomorrow just for you

  57. CEO's are monopolist. If their greedy powerful banks and businesses were broke up not merged or sub-divided then it would be fair for the other competitors to remain in business to compete fairly. If this were to happen the Wages of the CEO would be limited. being logical. Why would one business for example making airplanes went belly up or lost to a war or disaster cripple our country because they're the only one? // These are the checks and balances required to keep all capitalist fair and above board.

  58. And a way to keep corporations honest is to let them fail if they screw up. Educate yourself with a marketable skill. Don't blame someone else, there is a way. Take ownership of your own actions.

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