Socialism

Richard Wolff: How Capitalism Exploits You DEBUNKED (The Gravel Institute Debunked)

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On January 22nd, 2021, famed Marxist Professor Richard Wolff released a video for the Gravel Institute explaining how capitalism exploits you. “In order for capitalists to make a profit, their workers have to earn less than the value they produce, and that extra value has to go to their bosses. You’re being robbed,” says Wolff. Do we really have to refute Marx’s Labor Theory of Value again? Why not? Join me for my first ever livestream video debunk. I’ll be reading and addressing comments throughout.

Hashtags: #Marxism​ #TheGravelInstitute​ #RichardWolff​ #Economics​ #Socialism​ #Communism​ #Capitalism

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References:

Murphy, R. P. (2020, October 05). A Critique of the Labor Theory of Value. Retrieved January 31, 2021, from https://mises.org/wire/critique-labor-theory-value.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

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Advertisement

The “Real Deal” with Medicare for All DEBUNKED

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Robert Reich, progressive economist of Inequality Media, has set out to lecture Americans about the “Real Deal” with Medicare for All. In this video, I join forces with @Shane Killian to debunk these talking points once and for all.

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Hashtags: #MedicareForAll #UniversalHealthcare #RobertReich #InequalityMedia #Economics

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Original Video:

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How to Argue for Universal Healthcare:

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References

Bernpainter, K. (2013, July 8). The Truth About SwedenCare: Klaus Bernpaintner. Retrieved from https://mises.org/library/truth-about-swedencare

Bingham, J. (2015, October 29). ‘Shocking’ end of life care in NHS boosting support for assisted suicide – MPs. Retrieved from https://www.telegraph.co.uk/news/politics/11961554/Shocking-end-of-life-care-in-NHS-boosting-support-for-assisted-suicide-MPs.html

Gary, G. (2018, November 2). Infant Mortality Is a Misleading Statistic for International Comparisons. Retrieved from https://mises.org/wire/infant-mortality-misleading-statistic-international-comparisons

Health Care System Performance Rankings. (2017, July 13). Retrieved from https://www.commonwealthfund.org/chart/2017/health-care-system-performance-rankings

Long waits for surgery ‘have tripled in four years’. (2017, June 2). Retrieved from https://www.bbc.com/news/health-40122075

Moseley, G. B. (2008). The U.S. Health Care Non-System, 1908-2008. AMA Journal of Ethics, 10(5), 324–331. doi: 10.1001/virtualmentor.2008.10.5.mhst1-0805

Niemietz, K. (2014, October 30). Health Check: The NHS and Market Reforms. Retrieved from https://iea.org.uk/publications/research/health-check-the-nhs-and-market-reforms

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AOC’s Not So Just Society

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Alexandria Ocasio-Cortez has made a video for NowThis News laying out her so called #JustSociety. As per the usual, the five bills and one resolution that #AOC has endorsed are a compilation of economic illiteracy and identity politics that will bankrupt the nation and lead to untold poverty.

Hashtags: #NowThis #Economics #Government #Socialism #Capitalism

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Citations:

OECD (2019), Poverty rate (indicator). doi: 10.1787/0fe1315d-en (Accessed on 19 October 2019). Retrieved from https://data.oecd.org/inequality/poverty-rate.htm

Guzman, G. (2019, September 26). U.S. Median Household Income Up in 2018 From 2017. Retrieved from https://www.census.gov/library/stories/2019/09/us-median-household-income-up-in-2018-from-2017.html.

Median Income by Country Population. (2019, October 1). Retrieved from http://worldpopulationreview.com/countries/median-income-by-country/

United States Population (LIVE). (n.d.). Retrieved from https://www.worldmeters.info/world-population/us-population/.

Poverty headcount ratio at $5.50 a day (2011 PPP) (% of population). (n.d.). Retrieved from https://data.worldbank.org/indicator/SI.POV.UMIC.

Hawkins, J. (2013, June 19). The 20 Greatest Quotes From Walter Williams. Retrieved from https://rightwingnews.com/john-hawkins/the-20-greatest-quotes-from-walter-williams/.

Agresti, J. D. (2019, August 26). The Poorest 20% of Americans Are Richer on Average Than Most Nations of Europe. Retrieved from https://www.justfacts.com/news_poorest_americans_richer_than_europe.asp.

Early, D. W., & Olsen, E. O. (1998). Rent control and homelessness. Regional Science and Urban Economics, 28(6), 797–816. doi: 10.1016/s0166-0462(98)00034-9

Sowell, T. (2014). Basic Economics. New York: Basic Books.

Hanson, V. D. (2002). Do We Want Mexifornia? Retrieved from https://www.city-journal.org/html/do-we-want-mexifornia-12236.html.

Roberts, J. M., & Olson, R. (2013, September 11). How Economic Freedom Promotes Better Health Care, Education, and Environmental Quality. Retrieved from https://www.heritage.org/international-economies/report/how-economic-freedom-promotes-better-health-care-education-and.

Economic Freedom Graphs: https://www.flickr.com/photos/shanedk/sets/72157646459874723/

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Marriage and the State

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You’re not really married until the government has officially sanctioned it with a marriage license. Right? States around the world seek to regulate marriage and the family, but why might this be? Are the state’s objectives as noble as we’ve been told? Or does government have a direct incentive to undermine marriage and the family? In this video, I argue that it’s the latter.

This is the third video in my series, Defending Traditional Marriage.

Hashtags: #TraditionalMarriage #Government #Family

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Citations:

Schacht, R., & Kramer, K. L. (2019). Are We Monogamous? A Review of the Evolution of Pair-Bonding in Humans and Its Contemporary Variation Cross-Culturally. Frontiers in Ecology and Evolution, 7. doi: 10.3389/fevo.2019.00230

VenBruggen, R. (2019, March 29). Is Monogamy Unnatural? Retrieved from https://ifstudies.org/blog/is-monogamy-unnatural/

Barash, D. P. (2016). Out of Eden: the surprising consequences of polygamy. New York: Oxford University Press.

Pair- bonding and the Brain. (2018, August) Retrieved from https://www.medinstitute.org/articles/pair-bonding-and-the-brain/

Children of Divorce & Separation — Statistics. (2002, March 5). Retrieved from https://fathersforlife.org/divorce/chldrndiv.htm

Coombs, R. H. (1991). Marital Status and Personal Well-Being: A Literature Review. Family Relations, 40(1), 97. doi: 10.2307/585665

Engels, F. (1942). The origin of the family, private property and the state: in the light of the researches of Lewis H. Morgan. New York: Internat. Publ.

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James Allsup Defends Big Government by Attacking Big Government (FULL RESPONSE)

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Commentator James Allsup has made a video defending why we need big government in order to serve the people. Although I happen to agree with him about many of his points (such as the importance of the traditional family), I can’t help but notice that Allsup spends his video criticizing problems that are the result of government. Why then does he think big government can solve the problems?

Hashtags: #JamesAllsup #BigGovernment #Economics

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Citations:

Vandenbroucke, G. (2016, December 12). The Link between Fertility and Income. Retrieved from https://www.stlouisfed.org/on-the-economy/2016/december/link-fertility-income

Adorney, J. (2017, May 30). To Lower Health Care Costs, Try Freedom. Retrieved from https://mises.org/wire/lower-health-care-costs-try-freedom

Perry, M. J. (2017, February 9). 25 reasons why protectionism is taken seriously when it’s actually a form of economic suicide. Retrieved from http://www.aei.org/publication/25-reasons-why-protectionism-is-taken-seriously-when-its-actually-a-form-of-economic-suicide/

Furchtgott-Roth, D. (2014). Does Immigration Increase Economic Growth? Economic Policies for the 21st Century at the Manhattan Institute, 21(2), 1–18. Retrieved from https://media4.manhattan-institute.org/pdf/e21_02.pdf

National Academies of Sciences, Engineering, and Medicine. 2017. The Economic and Fiscal Consequences of Immigration. Washington, DC: The National Academies Press. https://doi.org/10.17226/23550.

Meyrat, A. (2018, October 30). How Public Schools Indoctrinate Kids Without Almost Anyone Noticing. Retrieved from https://thefederalist.com/2018/10/26/public-schools-indoctrinate-kids-without-almost-anyone-noticing/

Chalk, C. (2019, March 21). School Teaches 5-Year-Olds About Transgenderism WO Telling Parents. Retrieved from https://thefederalist.com/2019/03/18/va-public-school-indoctrinates-5-year-olds-transgenderism-without-telling-parents/

Jerkovich, K. (2018, April 20). California School District Says Parents Can’t Pull Kids Out Of New LGBT Sex Ed Class. Retrieved from https://dailycaller.com/2018/04/20/california-school-district-parents-lgbt-sex-ed-mandatory/

The National Center on Addiction and Substance Abuse at Colombia University. 2012. National Survey on American Attitudes on Substance Abuse XVII: Teens. New York NY: Colombia University. Retrieved from https://www.centeronaddiction.org/addiction-research/reports/national-survey-american-attitudes-substance-abuse-teens-2012

Sowell, T. (1995). The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy. New York: Basic Books.

Ebeling, R. M. (2017, August 7). Corruption Rises as Economic Freedom Falls. Retrieved from https://fee.org/articles/corruption-rises-as-economic-freedom-falls/

Rushe, D. (2018, July 2). US cities and states give big tech $9.3bn in subsidies in five years. Retrieved from https://www.theguardian.com/cities/2018/jul/02/us-cities-and-states-give-big-tech-93bn-in-subsidies-in-five-years-tax-break

Kimball, S. (2019, March 31). Zuckerberg backs stronger Internet privacy and election laws: ‘We need a more active role for governments’. Retrieved from https://www.cnbc.com/2019/03/30/mark-zuckerberg-calls-for-tighter-internet-regulations-we-need-a-more-active-role-for-governments.html

McMaken, R. (2015, October 16). The Poor in the US Are Richer than the Middle Class in Much of Europe. Retrieved from https://mises.org/wire/poor-us-are-richer-middle-class-much-europe

Definition of “Happy, Merriam Webster Dictionary. https://www.merriam-webster.com/dictionary/happy

Lewis, C. S. (1963, December 11). We have no right to Happiness. The Saturday Evening Post. Retrieved from https://adropofhemlock.wordpress.com/2017/04/27/we-have-no-right-to-happiness-by-c-s-lewis/

Kenton, W. (2019, July 14). Examining the Pros and Cons of Trickle-Down Theory. Retrieved from https://www.investopedia.com/terms/t/trickledowntheory.asp

Iacono, C. (2016, February 25). The Myth of Scandinavian Socialism . Retrieved from https://fee.org/articles/the-myth-of-scandinavian-socialism/

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James Allsup Defends Big Government by Attacking Big Government? (Part 3)

/ My 2 Cents / 1 Comment

Commentator James Allsup has made a video defending why we need big government in order to serve the people. Although I happen to agree with him about many of his points (such as the importance of the traditional family), I can’t help but notice that Allsup spends his video criticizing problems that are the result of government. Why then does he think big government can solve the problems?

This is part 3 of my response to James Allsup’s video, “America Needs BIGGER Government To Serve the PEOPLE.”

Hashtags: #JamesAllsup #BigGovernment #Economics #Government #Happiness

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Original Video:

https://youtu.be/vIWgiRyNqrE

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Citations:

Ebeling, R. M. (2017, August 7). Corruption Rises as Economic Freedom Falls. Retrieved from https://fee.org/articles/corruption-rises-as-economic-freedom-falls/

McMaken, R. (2015, October 16). The Poor in the US Are Richer than the Middle Class in Much of Europe. Retrieved from https://mises.org/wire/poor-us-are-richer-middle-class-much-europe

Definition of “Happy, Merriam Webster Dictionary. https://www.merriam-webster.com/dictionary/happy

Lewis, C. S. (1963, December 11). We have no right to Happiness. The Saturday Evening Post. Retrieved from https://adropofhemlock.wordpress.com/2017/04/27/we-have-no-right-to-happiness-by-c-s-lewis/

Kenton, W. (2019, July 14). Examining the Pros and Cons of Trickle-Down Theory. Retrieved from https://www.investopedia.com/terms/t/trickledowntheory.asp

Iacono, C. (2016, February 25). The Myth of Scandinavian Socialism . Retrieved from https://fee.org/articles/the-myth-of-scandinavian-socialism/

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James Allsup Defends Big Government by Attacking Big Government? (Part 2 )

/ My 2 Cents / Leave a comment

Commentator James Allsup has made a video defending why we need big government in order to serve the people. Although I happen to agree with him about many of his points (such as the importance of the traditional family), I can’t help but notice that Allsup spends his video criticizing problems that are the result of government. Why then does he think big government can solve the problems?

This is part 2 of my response to James Allsup’s video, “America Needs BIGGER Government To Serve the PEOPLE.”

Hashtags: #JamesAllsup #BigGovernment #Economics #Government #Family #BigTech #Censorship

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Original Video:

https://youtu.be/vIWgiRyNqrE

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Citations:

Furchtgott-Roth, D. (2014). Does Immigration Increase Economic Growth? Economic Policies for the 21st Century at the Manhattan Institute, 21(2), 1–18. Retrieved from https://media4.manhattan-institute.org/pdf/e21_02.pdf

National Academies of Sciences, Engineering, and Medicine. 2017. The Economic and Fiscal Consequences of Immigration. Washington, DC: The National Academies Press. https://doi.org/10.17226/23550.

Meyrat, A. (2018, October 30). How Public Schools Indoctrinate Kids Without Almost Anyone Noticing. Retrieved from https://thefederalist.com/2018/10/26/public-schools-indoctrinate-kids-without-almost-anyone-noticing/

Chalk, C. (2019, March 21). School Teaches 5-Year-Olds About Transgenderism WO Telling Parents. Retrieved from https://thefederalist.com/2019/03/18/va-public-school-indoctrinates-5-year-olds-transgenderism-without-telling-parents/

Jerkovich, K. (2018, April 20). California School District Says Parents Can’t Pull Kids Out Of New LGBT Sex Ed Class. Retrieved from https://dailycaller.com/2018/04/20/california-school-district-parents-lgbt-sex-ed-mandatory/

The National Center on Addiction and Substance Abuse at Colombia University. 2012. National Survey on American Attitudes on Substance Abuse XVII: Teens. New York NY: Colombia University. Retrieved from https://www.centeronaddiction.org/addiction-research/reports/national-survey-american-attitudes-substance-abuse-teens-2012

Sowell, T. (1995). The Vision of the Anointed: Self-Congratulation as a Basis for Social Policy. New York: Basic Books.

Ebeling, R. M. (2017, August 7). Corruption Rises as Economic Freedom Falls. Retrieved from https://fee.org/articles/corruption-rises-as-economic-freedom-falls/

Rushe, D. (2018, July 2). US cities and states give big tech $9.3bn in subsidies in five years. Retrieved from https://www.theguardian.com/cities/2018/jul/02/us-cities-and-states-give-big-tech-93bn-in-subsidies-in-five-years-tax-break

Kimball, S. (2019, March 31). Zuckerberg backs stronger Internet privacy and election laws: ‘We need a more active role for governments’. Retrieved from https://www.cnbc.com/2019/03/30/mark-zuckerberg-calls-for-tighter-internet-regulations-we-need-a-more-active-role-for-governments.html

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James Allsup Defends Big Government by Attacking Big Government? (Part 1)

/ My 2 Cents / Leave a comment

Commentator James Allsup has made a video defending why we need big government in order to serve the people. Although I happen to agree with him about many of his points (such as the importance of the traditional family), I can’t help but notice that Allsup spends his video criticizing problems that are the result of government. Why then does he think big government can solve the problems?

This is part 1 of my response to James Allsup’s video, “America Needs BIGGER Government To Serve the PEOPLE.”

Hashtags: #JamesAllsup #BigGovernment #Economics

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Original Video:

https://youtu.be/vIWgiRyNqrE

_____________________________________________________________________________________

Citations:

Vandenbroucke, G. (2016, December 12). The Link between Fertility and Income. Retrieved from https://www.stlouisfed.org/on-the-economy/2016/december/link-fertility-income

Adorney, J. (2017, May 30). To Lower Health Care Costs, Try Freedom. Retrieved from https://mises.org/wire/lower-health-care-costs-try-freedom

Perry, M. J. (2017, February 9). 25 reasons why protectionism is taken seriously when it’s actually a form of economic suicide. Retrieved from http://www.aei.org/publication/25-reasons-why-protectionism-is-taken-seriously-when-its-actually-a-form-of-economic-suicide/

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Riley Dennis Fails on Universal Basic Income (UBI)

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I’ve debunked Universal Basic Income (UBI) in the past. However, when Hey Dude77 pointed out that Riley Dennis had come to its defense, I couldn’t resist the urge to debunk it again.

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Original Video:

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Citations/Source Material:

Freedman, D. H. (2016). Basic Income: A Sellout of the American Dream. MIT Technology Review. 119(4), 48-53.

Schneider, H. (2017). Universal Basic Income—Empty Dreams of Paradise. Intereconomics/Review of European Economic Policy, 52(2), 83-87.

Sowell, T. (2014). Basic Economics. New York: Basic Books.

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The Truth about Amazon HQ2 and New York

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Everyone is talking about the #AmazonHQ2 situation. Should New York be offering tax incentives to Amazon? Should Amazon have chosen not to go forward with the deal? In this video, we discuss basic economics and demonstrate yet again that the problems with this deal begin and end with the government.

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Citations/Source Material:

Balfour, B. (2018, March 13). Politicians Are Rushing to Ink Cronyist Deal with Amazon | Brian Balfour. Retrieved February 12, 2019, from https://mises.org/wire/politicians-are-rushing-ink-cronyist-deal-amazon

McMaken, R. (2018, November 16). Why Politicians Love the Amazon Deal | Ryan McMaken. Retrieved February 12, 2019, from https://mises.org/wire/why-politicians-love-amazon-deal

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