This child looks like he just left college and is talking about business to a CEO

In this day and age, with all of the world's information at everyone's fingertips, how are people still so misinformed about basic economics?

I’m currently in college, and I learn more about business and economics from Peter Schiff than my liberal professors.

Who is Walter, and why should I be listening to him? And why does every socialist look like a wimp?

Delusional Socialist , go get him Peter .

Peter is correct, I've been both an employee and a business owner and being an employee is a cake walk in comparison.

Rich man: "This is how money works" Poor man: "You are wrong"

"If you want a higher standard of living, then you need to keep government to its absolute smallest size. What government should do, is: Protect individual liberties, life and property. The government is not there to redistribute the pie, It's there to allow free-market capitalism to make the pie as big as possible, so everyone has more to eat." Beautifully said, Peter!

That kid's brain and ears just had the shit kicked out of them. I love these vs. socialist debates. XD

this boy shows what a college degree is really worth today- it makes u a brainwashed slave

this should be shown in every school

This guy went crying back to his middle school debate class. Good job Peter!

Pete stop, He's already dead!

This dude is an NPC

Jesus this kid needs to lay off the soy and read up on some Austrian Economics

"What the government should do is protect liberty, rights and property. It's not there to redistribute the pie, it's there to allow capitalism to make the pie as big as possible so everybody has more to eat" - Peter Schiff. This quote is legendary

He got schooled by the man!!! Well done Peter!

Wow.. the guy sitting around that table has no idea how the world works.

Peter: straight facts Socialist: “but waaaaah, not fair”

Walter looking like Ben shapiro with a Justin bieber wig on.

Slam dunk from Mr Schiff. Bigger pie is the result of capitalism.

Walter, after large scale automation takes place, do robots create wealth? Is the capitalist stealing from the robots?

"workers create wealth, they get it from their paychecks" HOT DAMN, this person is clueless. It's like thinking food comes from the grocery store. The BIG difference between workers and investors, is there aren't millions of investors walking around. That's why you need them. It's an ecosystem, one can't survive without the other.

As James Ostrowski says, "According to the labor theory of value, the workers could have gone to a vacant lot, and produced the same amount of wealth by replicating the same physical actions they undertook working for the greedy capitalist, this time without a building and without any equipment, management, customers or business plan. If we take away the greedy capitalist, these little details must go as well. Just think of Marcel Marceau pretending to work. That's right. You socialists pretend to work and we capitalists will pretend to pay you." Socialists hold to the labor theory of value, another Marxist concept. According to this theory, all the value of a business is contributed by the "workers". That worker we call the owner, apparently contributes nothing. Only someone who never owned a business could believe this preposterous theory. Since the owner contributed nothing to the business, why did the workers show up there in the first place? Syndicalists are under the delusion that workers' lives will be idyllic once they get rid of their bosses. However, as Mises informs us, the real bosses of the workers, the ones who ultimately determine wages, working conditions and whether the workers are employed at all, are the cold-hearted, greedy and merciless consumers who purchase the workers' output, or choose not to. Thus, the workers' will soon experience what any Maalox-chewing business owner already knows-the absolute tyranny that customers in a free market exercise over business firms and their owners.

This isnt even a debate 🤦🏻‍♂️. This is simple economics; the fact that these millennials and liberals aren’t able to wrap their heads around this shows to you how idiotic they are. What I think is even funnier is how the only thing they ever fall back on are current socialist European countries. They cite how they are prosperous and so that’s the model🤦🏻‍♂️ if you are going to regurgitate this garbage do yourself a favor and study how those countries were before they jumped on the socialism track. They were much more prosperous then they are now. Free Market Capitalism with small government is the only way. If you don’t believe me look up Lenin’s quote on the objective of socialism, exactly!

Poor Walter 😂😂. No hope for millennials in this ponze scheme.

There's a reason people say "good enough for government work " when they half ass something

I show up to work, stand around half the day, and then collect my paycheck at the end of the week. It's great!

Kid is idealistic and naive about how the world works. I empathize with him because I was once like that. It's the 30 year old and up who remain so naive that bewilders me.

Schiff 2020

An economist said that all you need to know about the federal deficit is when you get off a plane at Dulles Airport outside of DC is that 15 miles outside of the city houses are worth more than a million dollars. These are federal employees who create no product except laws and regulations and taxes to support their lifestyles.

I am surprised that these spirited discussiona are happening on russia today. Incredible Great Job 👍

Love ya Pete hope to meet you one day!

Name 10 gov programs that have been a huge success and lifted up the quality of life for everyone.

Peter was on 🔥 One of the best media appearances yet! Reminds me of 2006 2007 It’s coming

very educational. i never thought of it like that. time to be my own boss i think.

Excellent work Mr Schiff!

Peter is the man. Chip off the old block.

My 20 yr old son worked for the municipality over the summer and he was quietly told to not work too hard and fast because it would make the others look bad.

This kid has no clue. Sometimes I think we should break a state off and give it to the Socialists and let them have at it on their own. And when they fail we can settle the argument and never speak of it again.

I side with Peter, poor Walter doesn't know the truth

This young man is completely cluesless about how wealth is actually created.

Kid has a bright future.... In Venezuela

peter: 100 snowflake: 0

Ideas, capital and the willingness to take risks create jobs that benefit those who do not have any of these.

Poor Walter is clueless. When he starts to pay taxes in any significance, he might change his tune. What a dullard

Peter you're doing great! You wiped the floor with that young man and I know he is driving home in the back of his mom's car thinking about what you said and having that internal battle with what he thought was true and what is actually true. Bravo!

Wow! You know someone is a socialist when they call a tax cut a wealth transfer.

WOW!!! So good Peter!!! Peter for President!!!

I’ve received such a great education from Peter Schiff. The Kingdom of Moltz really hammered home inflation. Loved Economics in One Lesson too. Need to read more of his recommendations.

“The goal of Socialism is Communism” Vladamir Lenin (Founder of the Communist Party of the Soviet Union) For those whom advocate, learn your history.

Peter nailed it...less government always....regardless Americans get screwed by greedy crony Capitalism and inefficient big government...which to me is why unsustainable wealth inequality is at highest levels in decades and destroying middle class....good interview, thanks

5:14 - Got to love how the mediator just ignores what Peter says and just parrots what the other guy said in what she thinks he is saying, which is just repeating what he said. Peter can't keep a straight face I'd laugh too.

This guy has always been an employee!! Lol

I love Peter Schiff. A complete badass speaking straight truth. A role model worth listening to and following.

People now a days have no idea what it means to work or what it means to start a business. The ability to do the work of 2 and pay yourself for a half is absolutely incredible and something to be appreciated.

5:00 Read the bottom of the screen.

I hate this "oh but the rich have all this wealth" crap, no they have assets such as bonds and stocks on top of bank accounts and the ACTUAL wealth that is houses, cars and other products. How hard is it to understand is that money is the means to obtain wealth and not wealth itself and that forcing the rich to redistribute it does not cause the amount of goods and services to increase? If it was that easy then why bother taxing the rich? Just roll the printing press and pay for all the stuff you want then.

This kid is a product of government schools. I doubt that anything Peter said got through to him. Pretty sad.

Peter Schiff's points are so clear and logical. I would like to see this woman acknowledge how many more people are in favor of the Logic of Spend Less than you earn, Save and Invest the rest for prosperity. So sad how many people these days have been brainwashed to think that being needy and dependent is the goal in life. Keep kicking ass Peter!

"Wealth comes from employees" LOL

Reading the comments on the video RT posted was so depressing...

Peter Schiff at his best. Wish I could get my kids to transcribe every word he said in this interview - for their benefit. Peter is so precise, like no other. ciao.

Woah thank you Pops Peter... I understand whats happening right now..

Peter Schiff you tell 'em

California! Enough said

He should thank Peter for free education! Well done Peter!

An archetypal debate that can never be resolved. There will always be people who believe in investing authority into the hands of an arbitrary apparatus of state - for whatever purpose or end - and there will always be people who believe in a maximum degree of individual liberty to pursue happiness on their own terms.

A pip squeak high school theory project doesn't work in the real world.

I hope soy boy enjoyed that humble pie he just got served.

Peter Schiff is one of the greatest thinkers of all time

good job mister Schiff greetings from France.

Peter doing tour de TV recently.

Grey haired expert speaking hard facts vs baby faced ideologue spouting talking points. Who you gonna believe....

Spot on again, Peter!

good job peter these people must be living in a dream land.

You’re a great communicator man. Keep it up.

Great video Peter. I can't believe socialism is still considered a legitimate arguing point. Shame on RT.

Socialists never acknowledge that the buisness owners are also a worker in their company and not some Bourgeoisie. They like to talk about workers being exploited, but far more common is the exact opposite phenomenon. Workers exploiting their employer through milking overtime, stealing or wasting company property/resources are far more common. All this on top of government regulation and high tax rates make owning and operating a buisness unbelievably more difficult than being a zero liability worker that carries no risk or financial burden with his/her job. Also if anyone screws the worker its lazy couch hopping hippie Bernie types whose never had a job his entire life and mooched off tax payers and refused to ever work. Can we just let Socialism die once and for all without people trying to resurrect it.

Love your work Peter

Peter is wrong here. Not *everyone* can show up to work and collect a pay cheque! Hahaha

This kid is 12, what a waste of time. He has no clue.

This isn't even a debate. It's a history lesson to a fool who learned incorrectly.

It´s all somewhere in between though, always. Extreme to any direction is never the way to go.

Well done peter once again your common sense and reason destroyed these fools.

Wow, Peter really clobbered that guy. Nicely done 👍

I think workers and business owners together create wealth, one needs another, business men need workers to help create their business ideas into reality. But workers need an idea to work on in order to create value in society.

Now pete is kinda a guy we need as a president.

The minute the host announced it as "CEO of Euro Pacific Partners" vs. "activist", I no longer needed to watch this video to know who won...I watched anyways to watch the ownage, but still.

Richard D. Wolff should be the man to give Peter Schiff a serious long debate. I WANNA SEE THAT!! I follow both of their work

I learn so much from watching these videos

Totally agree with you, Peter.

Great job Peter!

Keep up the good work Peter

Kids , Kids , Kids , They have so much to learn.

Walter is a great example of why no one should send their kids to government schools

RT is the only big-name news source that I watch.

C'mon Peter! At this point RT should've made a debate P.Schiff -vs- P.Schiff😆 Thank you for making sense...

Yes, Peter !

love it!