I started a libertarian-communist YouTube channel. Here's my first video! (EDIT: More videos being posted as they come)

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Lucky Black Cat
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Jul 1 2021 19:44

New video: Why Capitalism Doesn’t Work
video length: 16:56
https://youtu.be/CG_lcbTpR3s

Debunking the video “Why Capitalism Works” by PragerU, aka Prager University, and having a few laughs along the way.

The reason capitalism doesn’t work is due to inherent flaws and failings within the system. The problem is not that individual capitalists are greedy. Individual greed can be an aggravating factor, but even capitalists who are well intentioned must make profit the priority.

The result is an economic system which sacrifices people’s lives and wellbeing and which threatens the future survival of human civilization and even the survival of our species, all for the sake of profit.

All this is discussed in more detail throughout the video.

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Jul 10 2021 17:36

New video: The Capitalist Propaganda of Multi-Millionaire Andy Puzder: A Response
Video length: 17:28
https://youtu.be/41_6RGrZA5o

A response to two propaganda videos by multimillionaire CEO and author Andy Puzder where he argues that capitalism caters to human needs and empowers the masses as a form of economic democracy.

This response video debunks Puzder’s claims while also presenting a broader critique of capitalism more generally.

ajjohnstone
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Jul 10 2021 21:14

This project of yours is admirable and to be commended. Well done i look forward to many more of your videos

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Lucky Black Cat
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Jul 12 2021 21:41

Thanks so much! And I've been a long time appreciator of literature that the SPGB has on the socialist/communist mode of production. Helped me make sense of it.

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Jul 25 2021 17:35

Here’s my latest video: “Tax the Rich? Why More Is Not Enough”
Length: 18:00
https://youtu.be/SJaoDBJC8M0

No matter how high we raise taxes on the rich, it cannot resolve the inherent injustice of capitalism.

This video responds to videos by PragerU and The Daily Wire and then goes beyond that to critique the liberal perspective on taxing the rich.

Summary:

1. PragerU and The Daily Wire misrepresent the facts to exaggerate how much tax the rich pay

2. However, a large portion of tax revenue is indeed paid by the rich

3. The argument that liberal progressives make to justify this is: Those who can afford more should pay more.

4. This argument is flawed: it accepts the belief that the rich subsidize and support the rest of us.

5. The opposite is true, at least when it comes to rich capitalists, who are the majority of the rich. It’s the working-class who support and subsidize the rich, because it’s the working-class who produces their wealth.

The next video, the sequel to this one, will address the question: Do rich people who are not capitalists pay too much tax?

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Jul 31 2021 21:32

(Note that I use the word socialist to refer to a stateless and classless society... I use it because it's less scary to most people than the c-word)

My latest video: “Tax the Rich? New questions: A Socialist Perspective”
Time: 17:58

https://youtu.be/5q6j4Kh8LEA

Quoting from the video description I put on youtube:

Since rich capitalists amass their wealth by exploiting workers, they have no right to complain about taxes. But not all rich people are capitalists. Some are high-income workers. This raises some questions:

• Is it justified that high-salary workers pay a high portion of the tax revenue? If so, what is that justification?

• Does paying a high portion of taxes mean they contribute more to society than other members of the working class?

• Does the high market value of their labor, as reflected by their high salary, mean that their labor contributes more social value to society?

And also:

• Higher tax for the rich is the progressive liberal solution to address inequality and provide better funding for public goods and services. But what is the socialist solution?

This video essay will address these questions.

freemind
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Aug 6 2021 12:56

Excellent analysis and eloquently broken down LBC Even a cabbage like me can understand it lol
Reminds me of my American relatives claiming the Middle Class suffer most in Economic Depressions!
The inversions by the Rich would be laughed and ridiculed by everyone but with the Monopoly of the media the addage If you tell a lie often enough people will believe it comes into play.
Keep up the good work.

ajjohnstone
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Aug 6 2021 14:48

The classic Marxian explanation of tax is that it is a burden upon the capitalist class due to the operation of the Law of Value determining the price of labour-power - wages.

The process of determining wages is not automatic or inevitable; workers have to struggle for higher wages and salaries. Workers need to be concerned with what we get to take home in our pay packet, irrespective of the notional gross before-tax amounts shown.

This passing on of costs from workers to employers will only happen if workers actively struggle for it and successfully achieve it. It doesn't just happen automatically. And there may be a time lag in the process. The capitalists will resist it, and sometimes workers fail to achieve it

Tax evaders are simply capitalists robbing other capitalists by dodging paying their share of running their State.

In my experience, it is often a difficult concept to convey to fellow workers.

Marx put it this way

"If all taxes which bear on the working class were abolished root and branch, the necessary consequence would be the reduction of wages by the whole amount of taxes which goes into them. Either the employers' profit would rise as a direct consequence by the same quantity, or else no more than an alteration in the form of tax-collecting would have Our argument is that although some taxes are paid by the working class, the burden of taxation rests on the capitalists and has to be paid out of the profit accruing to them in the form of rent, interest and profit, the basis of which is the unpaid labour"

The Marxist economist Paul Mattick Jr. explains

“Tax money appears to be paid by everyone. But despite the appearance that business is undertaxed, only business actually pays taxes. To understand this, remember that the total income produced in a year is the money available for all purposes. Some of this money must go to replace producers’ goods used up in the previous year; some must go in the form of wages to buy consumer goods so that the labour force can reproduce itself; the rest appears as profit, interest, rent – and taxes. The money workers actually get is their ‘after tax’ income; from this perspective, tax increases on employee income are just a way of lowering wages. The money deducted from paycheques, as well as from dividends, capital gains and other forms of business income, could appear as business profits – which, let us remember, is basically the money generated by workers’ activity that they do not receive as wages – if it didn’t flow through paycheques (or other income) into government coffers”

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Aug 9 2021 23:29

Freemind - thank you!

Ajjohnstone - Interesting. There are different theories on how the tax burden is distributed between workers and capitalists for different types of taxes. It's probably a bit too complicated for me, but yeah, the shifting balance of power between capitalists and workers is a big part of it.

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Aug 9 2021 23:51

New video:

OK Boomer: Class War Not Generation War
https://youtu.be/CY4pNGK7ccI

Boomers get a lot of hate. The boomer generation is blamed for the awful state of the world, ruining the housing market, job market, and environment. Millennials and Gen Z are framed as their victims.

This discourse promotes a confused misunderstanding of power dynamics in capitalism. It stifles class consciousness and diverts attention from the systemic causes of our environmental and economic woes.

This video will discuss the Top 5 Reasons why this discourse is inaccurate and counterproductive.

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Aug 17 2021 20:54

Here’s my latest video: Who Pays for Capitalism?

https://youtu.be/oiIanTrgXu0

(As I mentioned in earlier posts I use the term socialism to mean a stateless, classless society.)

People who are against socialism, or even just skeptical, often ask the question: Who pays for socialism?

Many believe that it’s those with higher levels of income or wealth who pay for socialism. Not only is this a false conclusion, it’s based on a false understanding of socialism.

It’s rare for people to interrogate capitalism with this same question. If we did, the answer from bourgeois economists would be that capitalists pay for capitalism, by funding economic production. It’s an answer, however, that leaves out more than it tells.

So who really pays for socialism? And who pays for capitalism? This video essay sets out to answer both these questions.

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Oct 12 2021 20:37

Here’s my latest video: Climate Change Policy Pitch Meeting
https://youtu.be/AsKkP6ZK9xE

A satirical look at international climate change policy, inspired by Pitch Meeting. Pitch Meeting is satire of a screenwriter pitching a script to a movie studio. It ridicules the absurd flaws of movies, but this video uses the format to ridicule the absurd flaws of international climate change policy. If you haven’t seen Pitch Meeting then this video might seem pretty weird, but I hope it’s at least informative.

Since the Paris Agreement international treaty is foundational for climate change policy worldwide, I wanted to make a video that exposes its inadequacies.