+1 for Bill Burr

China is pretty much national socialist economics under a different label. And I'm not saying that as a bad thing, just in a more matter of fact way. There are minor differences, but the general fundamentals are the same. I think another reason the socialism/capitalism divide is so strong is since people are afraid some leeway will lead to the extreme of the other. "Oh we have to let the rich do whatever they want with no government oversight or else we will become a communist dystopia!" here is the thing, allowing the rich to do whatever has now allowed them to effectively buy the government which has increased their power and influence far more than some basic government oversights in the past would have. On the other side you have "Oh we can't let people have private property or else there will be a capitalist dystopia where corporations run everything!" well guess what, now that the government owns everything, they have effectively become one mega-corporation with a monopoly you have zero control over. I think solutions are a little more complex than "take the middle ground on everything", but handing complete control of a country over to one sector (Finance, political, military, etc.) usually doesn't end well, with the worst of that sector being given the ability to thrive. The current US is a case of the financial sector controlling everything, congress, the president, and the military all serve financial interests. The USSR is a case of the political sector controlling everything, the economy, the military, everything served the state. Imperial Japan is a case of the military sector controlling everything, even religion was reshaped to serve the military.

You can't blame capitalism because we don't have capitalism and haven't since 1971 when we decoupled our currency from gold. What we have is fascism.

Love the content. But for the love of God please buy a mic. You sound like your talking to us from the bottom of the sea. I work in a loud machine shop and all I hear is ......

People don't understand how horrific our system is. Either it's working for them or they are parroting talking points from MSM.

He nails it!!!!!

Actually, what's broken is these oligarchies and money markets. Socialism works IF humans can be selfless (but we can't). Capitalism works IF we get maximal participation (so needs to be fair). Where we can bring it to the middle, is to tax non-work income (estate tax on trust funds and capital gains). Make it impossible to hide money (needs global cooperation, which is also tough). What we can do - reach consensus what's basic human right (food, shelter, medical treatment?) so that suffering is minimal.

Good job! 👍

Good take on it, but my biggest downsides of socialism: class inequality still exists, you don't get to pick your career, and you can't get ahead by cutting spending. You can't accumulate anything.

LMAO I love Burr and a bit odd a multi-millionaire comedian s knocking capitalism. Bill please send me my share of your money! ??

I'm not criticizing another country. USA is already socialist. Medicare social security. EBT. I appreciate everything you said.

Bill makes some good points, but the fact is, Capitalism is the only system, so far, that is compatible with human nature.

So, by your logic, if there had never been an economic embargo on Cuba, Fidel Castro wouldn't have been a totalitarian dictator? Your ignorance of Castro's constant repression of the civil rights of Cubans is breathtaking. He wanted Cuba to be a Communist country. You mention "towing the line". When Cubans didn't "tow the line" they were imprisoned or killed.

Capitalism - An economic and political system in which a country's trade and industry are controlled by private owners for profit, rather than by the state. U.S. is not a capitalist country, it's quite free, economically speaking, but it's not capitalist. Capitalism requires no state interventions.