Capitalism is good. Let me explain. - by physicist and lost-in-the-woods Sabine Hossenfelder - https://inv.citw.lgbt/watch?v=CRPHp2EjNR8
I watched this video and I almost cried laughing. It made me finally remove this channel from our curated videos https://tromnews.com/videos/ - this woman was going downhill for some time now.
She argues that "capitalism" is great because....it allows us make more things and better, and she spreads all of the simplistic and unrealistic beliefs of "capitalism" in such a way that I wonder if this woman knows anything about the real world...that of climate change, slaves, waste, unnecessary products, corruption, and so forth.
The positive part is the comment section that seems to be made out of humans who understand that this "capitalism" (trade system) is cancer. To quote a few:
It really fits both the topic and the general vibe of the video to feature sponsored content and soliciting of donations where should normally be a list of citations and literature for further reading
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From a science communicator I would have expected facts and data, not a lot of opinions in the form of an essay
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Ah yes, capitalism allocating resources where they are most needed ... the offshore bank accounts of millionaires
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There is a core problem even with the basic capital you mentioned. Those with the money to invest are the only ones getting the return, thereby continually concentrating wealth and disrupting the ability for the majority to trade. And that doesn't even include all the psychological biases that make it even worse like reducing people to resources, corruption, and imbalance of power.
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Sabine out here proving again that a tiny amount of knowledge is more dangerous than knowing nothing at all.
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Sabine, I just wanted to come here to congratulate your audience. I envy it, I hope that if I ever publish something as unsubstantiated, narrative-driven and narrow as this my audience holds me accountable the way yours has. This community gives me hope.
Yeah, it is terrible when such people who pretend to be scientists and have a huge following do a terrible job at "informing". Could that be because of....you know, capitalism (trade)???'!!! Hmm....is dear Sabine influenced by the power of trade to keep on making videos outside her expertise to get more views, and thus more money??' hmm....interesting indeed 😁 -
A victim of "capitalism", making uninformed videos to make more money. Ironic!
Capitalism is good. Let me explain.
Learn more about financial models, quantum mechanics, or many more topics in science and maths with Brilliant! First 200 to use our link https://brilliant.org/sabine will get 20% off the annual premium subscription.Sabine Hossenfelder | Invidious
Rokosun
in reply to Tio • •I just watched that video and it was much much worse than I expected! How can someone like her become so delusional?!
Capitalism only ever works in theory when you're talking about trading apples for eggs and such, but it's a completely different story when you practice it in large scale. In her previous video this woman was talking about how to do your own research and stuff, ironically in this video it feels like she hasn't done any research at all and is just giving out her opinion on things.
> Scientists tent to associate the stunning societal progress we've seen since then to science and technology, but I think that's having it backwards. The driver of all this progress was the capitalist system that allowed an efficient allocation of resources.
It's baffling to me how someone can ever reach that conclusion, especially coming from someone like her. So then she goes on to talk about how people only started manufacturing penicillin a decade after Ale... show more
I just watched that video and it was much much worse than I expected! How can someone like her become so delusional?!
Capitalism only ever works in theory when you're talking about trading apples for eggs and such, but it's a completely different story when you practice it in large scale. In her previous video this woman was talking about how to do your own research and stuff, ironically in this video it feels like she hasn't done any research at all and is just giving out her opinion on things.
> Scientists tent to associate the stunning societal progress we've seen since then to science and technology, but I think that's having it backwards. The driver of all this progress was the capitalist system that allowed an efficient allocation of resources.
It's baffling to me how someone can ever reach that conclusion, especially coming from someone like her. So then she goes on to talk about how people only started manufacturing penicillin a decade after Alexander fleming made its initial discovery, and in her mind that somehow proves that capitalism is good and helpful - if anything this proves to me that capitalism stalled us from manufacturing this medicine for a decade until someone with enough money and resources was finally willing to invest money in it.
>. For the market to optimize the use of fossil fuel resources, we should have put a price on releasing carbon dioxide into the atmosphere. We did not, and this's why we're now in deep shit. So, yes, our current capitalist systems do have a problem with environmental protection. But the reason isn't that there's something wrong with capitalism per se, it's that we didn't set it up correctly in the first place. Basically, the origin of the problem is that no one paid attention to economists.
This is another one of those nonsense takes in this video, and keep in mind that this is just one of the many many issues with capitalism that she brushed aside by saying "but that's another story". How many more patches we'll have to apply to this unjust & broken system called capitalism until it finally works? How many more new laws and rules we'd have to make? If capitalism was a bucket then there'll be so many (loop) holes in it that you'd think it was a strainer, lol 😆 And talking about putting a price on carbon emissions, perhaps we should also ask those economists what's the price of pollution, famines, slavery, mental anguish and even deaths around the world that are directly or indirectly caused by this capitalist system. What is the price of human beings? What is the price of happiness? What is the price of our natural environment? Because I can imagine someone in the distant future repeating these same talking points and saying the reason why this system caused the destruction of so many human lives and the environment is because we didn't put a price on it.
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