This video explains two alternatives to capitalism, each with no market and no state or central planning – making them unlike the economic system of any country on Earth.
Topics include:
• How can an economic system function without money or the profit motive?
• How can supply and demand be balanced without a market or state planning?
• How can we provide free public goods and services in a society with no state and no taxation?
• How can we avoid overconsumption?
• How can we encourage people to do necessary work, even work that’s unappealing?
• How can people start new enterprises?
• How can an economic system encourage environment sustainability?
Discussing all this and more! See list of video chapters below for details.
►► SOURCES / BIBLIOGRAPHY ◄◄
►► LEARNING RESOURCES ◄◄
At this link
VIDEO CHAPTERS
0:00 Intro
3:22 Discarding old tools: Neither market nor state
7:08 A note to skeptics
8:44 Key features of both economic systems
26:36 An extremely brief overview of two alternatives to capitalism
32:03 Names
33:57 NTC Socialism
34:47 NTC socialism Question 1: Is there money or markets?
36:34 NTC socialism Question 2: How are costs for enterprises paid?
40:12 NTC socialism Question 3: How can profit be prevented?
42:39 NTC socialism Question 4: How are people paid?
44:11 NTC socialism Question 5: Should there be exceptions to the rule of currency being non-transferrable?
46:12 NTC socialism Question 6: How can we make prices reflect real costs?
50:51 NTC socialism Question 7: How to make supply meet demand for goods and services?
1:07:08 NTC socialism Question 8: How to make supply meet demand for labor?
1:11:26 NTC socialism Question 9: How to decide hourly pay?
1:14:02 Communism
1:14:59 Communism Question 1: Will people work enough?
1:23:40 Communism Question 2: How to make supply meet demand for labor?
1:28:24 Communism Question 3: How can we avoid overconsumption?
1:32:44 Communism Question 4: Can production be efficient in communism?
1:36:14 Communism Question 5: How to make supply meet demand for goods and services?
1:46:22 A Surprise! (Bonus System!)
1:49:44 Review
1:52:25 Starting a New Enterprise
1:59:19 Public Goods and Participatory Planning
2:00:59 PG & PP: Kerala
2:08:20 PG & PP: More examples
2:11:26 PG & PP: The Spanish revolution
2:17:42 PG & PP: Public spending budget
2:22:35 Wrap-up
2:28:00 An appeal to the viewer (that’s you!)
2:29:27 End-screen
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►►Check out some of my other videos◄◄
► Meritocracy: Capitalism’s #1 Myth to Control You
► Police: Reform? Defund? Abolish?
► Why Capitalism Doesn't Work: Response to PragerU
► Playlist (all videos)
VISUAL CREDITS
“In Amongst It” Jessalyn Aaland
Channel: Justravellers “Ocean Waves RELAX video and ambient wave sounds ASMR” Creative Commons youtu.be/VReztjj9deI
Catalonia Map Wikimedia Commons by TUBS
Spain Map civil war Wikimedia Commons by NordNordWest, modifications by Sting, Grandiose
Freepik.com
wirestock: Cat bed
pressfoto: Business
mdjaff: Child chef
Freepik: Therapist
MUSIC
The Entertainer (Scott Joplin)
Boardroom Theme (Unicorn Heads)
Slow trap drums 104bpm (dMoney)
Fun in a Bottle (Kevin MacLeod)
Cold Funk - Funkorama (Kevin MacLeod)
Move Up to the Mountains (Aaron Lieberman)
The Marriage of Figaro (Mozart)
The Curious Kitten (Aaron Kenny)
Digital Tropics (Leisure Class Reptiles)
Victim to Victor (RKVC)
Mario Bava Sleeps In a Little Later Than He Expected To (Chris Zabriskie)
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What Could Replace Capitalism?