"they specialize in bell making something we don't know, well for now at least" *mojang makes craftable bells and economy dies*

"I love mining, but there's no cave update" i swear you can hear the bitterness in those words

I rely too much on Minecraft capitalism. My primary food is pumpkin pies that I get from my village farm.

Villager: Sells Fire Aspect I for the best price Toycat: *Rip-off*

I don’t mean to get political oh wait a minute yes I do

I'm just looking at how many levels you have, why would you need that much

Here before the video gets demonetised

Next video: How capital-risk capitalism, the stock market and banking system work... using minecraft villages

I tried being self sufficient but after spending too many hours fishing for a mending book, I went to a village buying and selling and producing beds and paper until I was able to purchase all the mending books I wanted. Capitalism certainly has it's benefits, though I didn't appreciate the price gouging so much. Competition might've been nice in that scenario.

He goes to the US a couple times and suddenly he's an American...

I like when an overachiever starts end raiding in the first day or 2 of a realm reset and starts selling elytras to people. Yes, I'll spend that time toiling away in the mines so that I can give you 20 diamonds for the freedom of flight.

This felt like a meme at first,now I’m just hoping for a cave update so he regains his sanity

Toycat: I’m ibxtoycat YT captions: ima yeah care

Actually Minecraft is not exactly capitalism it is more like feudalism

Ah yes, the communist cat strikes again against the capitalist system

The gentle labor shall no longer suffer the noxious greed of the bourgeoisie We will dismantle oppression board by board With your support, we will send the hammer of the people’s will crashing though the bourgeoisie house of servitude Even if it takes an eternity

I have discovered the arts of bell making, I'm not a slave to capitalism now

No one: Absolutely no one: Toycat: cApTaLiSm iN miNecRafT

14:04 (commenting on the text) I'm pretty sure that version of the song is Element Animation's. That's distinctly their "Villager News" villager voice

Teacher:so what did you do over the weekend Student: I went to the cinema Other student: I went to the park Me: *inhales* I learned the flaws of the capitalist economic system explained by a minecraft village Teacher: Me: Teacher:

There's a country called Sea Land and it has 1 resident.

You could do The Cold War/The construction of the Berlin Wall explained with Minecraft villages

Friendly suggestion of readying "the machine" by marx and conquest of bread by kropotkin. You def seem like a utilitarian libertarian and make some decent points. You forget about exploitative labor, resource hoarding and most importantly to this colonialism. The resources you pull from the caves are never on lands you "own" and then you go in to a small village and use resources you've either harvested or come across and inject wealth into that community creating hierarchy and inequality.

I cant wait next year when a kid randomly finds this video and its just a cat explaining politics to a 7 year old in minecraft.

there's something wrong with your idea in this video, and thats the suggestion of capitalism existing for 1000's of years... trade is not capitalism. Trade has existed far before feudalism, capitalism started at the end of feudalism and arguably modern capitalism only came about during the industrial revolution.

MUST WATCH VIDEO: Marking "Not For Kids" Doesn't Protect You-COPPA Update. The FTC has extended the deadline to December 9, 2019 if you want your voice to be heard. Please share with as many Content Creators as possible as it does affect your channels.

I literally took an economics test on this today 😳

Convinced my economics professor to show this in class

HIS LEVELS THO

This guy would be such a good teacher, "lemme teach u bout capitalism with Minecraft" *Kids:* yaayy

I once broke the minecraft economy, I had hero of the village effect and traded 2 books in one emerald, then I bought 5 bookshelves for 3 emeralds, broke the bookshelves continued...

TLDR: Competition is important or we get screwed by monopolies.

“Because I’m really good at mining I mean there’s no cave update but...” “Such as Disney and the Simpsons” Wow this video aged well didn’t it?

1:Find village and forest 2:Abduct villagers next to forest (using breeding if necessary) 3:Get fletcher and sell unlimited amounts of sticks from forest 4:Buy diamond armor and tools with crappy enchants 5:Disenchant gear 6:Use librarians to get max books to apply to your armor Now you have max gear (excluding netherite) while potentially never mining iron or any ores in general.

Toycat: there are more than 2 people in your country Future Viewer from after nuclear war: I wish :(

Kinda funny that in explaining capitalism, there are villagers you've effectively enslaved in holes they may not move from and thus have no freedom except to produce emeralds for you.

capitalism is basically the never ending fetch quest, but when you finally have enough of something to move forward you find that you're always 10 short to continue and meanwhile the cost to get the things you need keeps going up setting you up for endless options for renewal, endless options for renewal, endless options for renewal, endless options for renewal.

ToyCat: You homeless? Just live on the road!

It’s almost two am, I’m 20 years old and I’m watching a Minecraft video on capitalism explained in Minecraft...... What. Also I’m LIVING for the trump dis 😂😂

Subtitles: Hello I'm up yeah extra care

I love when toycat does these kind of video

Hi, ibxtoycat! Sorry I'm late, but I think you're a great and informative source of information, your opinions and more. You stick to what you say, and you clearly try hard to accomplish finishing your projects in the Minecraft Pocket Edition or Xbox Editions. Thank you- a fellow viewer

6:48 This is the worst trade deal in the history of trade deals, maybe ever

“In the end it doesnt matter because dragons” Danys entire story

Break the chains of society! Liberate the Steves!

Venezuela currency is equal to dirt in Minecraft, there’s so much of it that’s is basically worthless

Me:Kills pillager and gets emeralds ) Toycat: You are now an assassin Me: wait wha-

Somehow talking about geopolotics and economics still brings up the lack of thecave update

Wait... People pay for bells? I steal the bells from every village I visit. I’m now worried what this says about me as a person...

I learned more in this then economics class

Wait my favorite 2015 youtuber still does youtube? Dang. This is epic

I love the little jokes at the end. Thoroughly enjoy listening to you ramble as well. Your stream the other day was great!

Wait, none of these qualities (either good or bad) described in this video are exclusive to capitalism. Other economic systems can have these qualities too, even something outdated like feudalism. A capitalist system just means you can have private ownership over a firm and that commodities are produced for a profit. This is usually what would qualify an economic system as capitalist and it wasn't even mentioned :(

Hey ToyCat, it's good to see you're learning! I just have a few things I'd like to point out that you seem to be confused about. Marxism isn't an alternative system to capitalism, it's an analytical method which ironically leads to many of the same conclusions you reached in this video. Also, capitalism is only a few hundred years old, not a few thousand. It evolved from mercantilism in the 16th or 17th century. The one piece that you're really missing is the fact that no amount of regulation can ever 'reign in' capitalism and tap into its strengths safely, for two reasons- 1) no matter how much regulation you make, capitalists will always have enough money to pay lawyers and middlemen to figure a way around it and build a monopoly, and more importantly 2) in a capitalist country, the state is controlled by capitalists, not the other way around. The state literally cannot stop capital from chasing profits, and any appearance of the state regulating capitalism is simply a compromise that capitalists know they must make in order for capitalism to function. For example; things as simple as the 40 hour work week, the weekend, minimum wage, and even just the right to be paid in actual money rather than Company Store Fun Bucks were things that anarchists, socialists, and trade unionists had to fight the government for in *actual bloody civil wars* that involved the *US military bombing US citizens* over the last 2 centuries. Workers made it clear they wouldn't tolerate conditions that were as bad as they were, and instead of recognizing that the workers' cause was just, capitalists employed the police and military against protesters with deadly results, held mock trials, and put union leaders in prison for life over charges they knew were false to make examples of them, all to protect their right as business owners to force people to work 16 hour shifts 7 days a week. It was only when they realized people were willing to die for fairer labor laws that they caved to the demands- and it's a logical move. You can't make money if all your workers fight you to the death and destroy your private property. In a socialist country, like Vietnam (perhaps one of the best examples of socialism with a central government to date), companies in the country are very interested in profits and there is a strong market economy, but the nation puts the lives of its people ahead of those interests, and because of that, they have had 0 deaths and only 280 cases during the ongoing pandemic in a country that shares a border with China. It turns out socialism actually IS the compromise you're looking for- a market with voluntary trades where necessities like food and housing are provided to all as needed but luxuries are available at a higher price and companies can still compete in a regulated market where monopoly formation is very challenging. Marx saw the same problems you see with capitalism and offered socialism and communism as solutions- not replacements that must be installed through bloody revolution but a series of small changes that make corrections for the fundamental flaws. To be clear, I have a lot of problems with Lenin and Mao and the states they created and the methods they used, and there are even a lot of things about Vietnam I don't particularly like, but this comment is already on the long side and I'm trying to stay focused. Feel free to contact me directly if you ever want to chat about these kinds of things, cat to cat.

If smoked salmon is the best part of Christmas, you could just get smoked salmon all year round and it would basically be Christmas every day.

3945 enchantment levels. I think something funky is going on there

To sum up this video: Money can be traded for goods and services

First time I’m early and there’s no self promoters

Toycat you help me so much in understanding these topics. My teachers can’t even teach them correctly!

Maybe the villagers give expensive trades because of how many we blew up when we figured out how to make tnt cannons when we were kids

You kinda excluded the actual biggest flaw with capitalism, worker exploitation.

So just some 2am binging of Toycat and I thought I'd leave a comment even if It's late as they get. This is why I like your videos on this stuff. I know way too many people who would take that and turn it into a marxist rant and go all in on that capitalism is the greatest sin the world has ever known. Though you, rather respectfully, brought up our biggest issues in the modern world, with I believe the most urgent being the mega-corporations. As for the Climate Change and Paris Agreement, I'm of the mind that there are certainly problems that need to be addressed to do with Climate Change, but really targeting the USA like we're the villain is just ignoring the biggest problems on the planet for Global Warming, chief of which being China. As for the USA being the 2nd largest, we haven't exactly had the ability to focus on it. We've kind of been having to be the big brother of the world since the 50s. I'm hoping that if the small angry asian man (Not sure if my comment will be removed if I bring up his name) is gone, and hopefully the USA can continue at least setting the hatchet aside with Russia, then we can start shifting our focus to our own nation and actually have intelligent conversations about how we will help with climate change without ruining everyone's lives. The problem isn't generally denial, it's that both sides have their priorities out of wack and don't show each other any respect.

you should do a realm experiment like that

Next video: explaining natural disasters with villages

When Education Edition isn't the real Education Edition.

"Specialisation" *Nitwit intensifies*

No one: Ibxtoycat: level 3945

Now I want to build a giant village in my minecraft world now Ty toycat for an idea

"I sense a Communist!!" USA

"Trade is not controversial" Pull up a chair, let's talk about the distribution of resources, intergenerational wealth, structural inequality, redlining, corporate welfare, and poverty traps.

That free rider example confused me even though I've studied economics for years and was well aware of it. The example I've heard is for a fire department regarding terraced, or semi detached houses where fire can spread from a non payer to a payers home so the non payer becomes a free rider and gets their home extinguished without paying for fire insurance because their neighbour pays and would suffer from the fire otherwise. This would theoretically lead to nobody buying insurance buy I think it would more likely end up an agreement between cohabitants of the same building that could easily be facilitated by the insurance company.

Thoughtslime made a really good video about capitalism in minecraft and how the economic system on the server Hermitcraft is what capitalists think capitalism is, or at the very least what they want capitalism to be. That in minecraft you're put in a world with infinite resources ripe for the picking, and the only limit is the amount of time you want to spend on climbing up the pyramid.

There are a few issues with this video. First is the claim that trade or barter systems have existed for thousands of years. This is a myth that was popularized by Adam Smith in “The Wealth of Nations” (1776), which has no evidence. Secondly is the implication that large corporations are made up of large numbers of people who individually contribute to its decisions. Only a relatively small number of people - such as the CEO, VP’s, and board of directors - make the high-level decisions, while low-level employees and low-volume stock holders have very little if any influence on what a corporation does. Third, you don’t mention the relationship between supply and demand nor cost vs. profit margin when you talk about how sellers would prefer to charge the highest price and buyers pay the lowest price.

We live in a village hmmm text

Hey Toycat, what are your views on snoked Trout?

Do one of each type of these.

Wow this video was very very good. Extremely good for how short it was as well. It gave me a lot of cool build ideas in Minecraft (that you will hopefully see one day) and also gave me some really good ideas in real life. I think I'm going to create a website that links people with different skill sets to be able to essentially trade without the use of currency. For example. Let's say someone is an iron worker and posts on this website that they want a wooden table custom made for them, then everyone on the website that has the skill set of "woodworker or carpenter" (whatever term you wanna go with) then lets say one of them woodworkers replies to their post saying I really want a custom wooden table. I'm an iron worker, is there anything you would like custom made for you involving metal. And then they can negotiate and come up with an agreement. Sounds like a cool idea however idk if it will work because humans are much lazier than they were even 100 years ago. People might just think "I'd rather just buy any table from a store" or "I'd rather just go to a mechanic shop to get my car fixed" etc. What are your thoughts on that Toycat?

There are no flaws to Communism. Even in Minecraft.

minecraft videos in 2013: let's play episode 55643 minecraft videos in 2019:

So it's not only Indian guys that can teach us about the world, minecraft youtubers make a great job too! Seriously, this video taught me more about capitalism & economy than the three SO courses I did in school.

I take Economics, this is a very rough understanding of Capitalism.

You are mistaking capitalism. What you explained in this video was actually corporatism on top of capitalism. Corporatism is what happens when the market is attached to a government and big corporation are protacted by the state leading to monopoly industries. In the scenario of a free market, what real captalism is about, if only one person produces bells and raises its price. It will lead to a big opportunity to more people manufacture bells and sell it lower than the previous guy as there is a good profit margin. A good way to undestand better what you was trying to explain is to read more about libertarism and free market. I hope being helpful to someone, spread knowledge not ignorance. ; )

I like these explaining things through Minecraft videos. I always learn something, even if it’s small, so I’d like to see more if we all survive the COPPA mess in December.

10:40 that awkward moment you run into your buddy taking a piss...

disagree with your political views, but still have respect for you as a person

I see you are afraid that your video will be be marked as for kids lol

It's been a while since I've watched a ibxtoycat video

And another thing you can exploit in Minecraft is that you can get infinite emeralds by healing a zombie villager, and it will lower it’s trades. Good thing Minecraft does not put inflation in the game

Minecraft: Exists Capatalism: Exists Toycat: 😡

That moment when you're early but don't know what to say :/

That villager news GOT song gave my 1.7.5 flashbacks

Speaking of free-rider. I was commuting around the city the other day and a guy came on board without paying. Normally you would have to go to the front to show a pass, I.D, payment. However, the back was open and snuck in. Everyone made sure to give him the stink eye and ended up him riding with a tad bit of discomfort.

This is why America needs social democracy

And that’s why we use communism, comrades.

Taxes in a nutshell....if you don't pay taxes, you're a free rider. XD

Man, you are so smart, you should become a _KZfaqr._

14:30 ibxtoycat just explained the problem with every climate agreement made, only the US was made to suffer.

Put workers in charge of the means of production, thank you.

Can u make a video on auto jump, is it good or bad

when toycat breaks out the production possibilities curve