4. Economics.
This is what Anarcho-Communism is, in a nutshell, like in reality:
Slab City, California and Capitol Hill Autonomous Zone/Capitol Hill Organized Protest are examples of Anarcho-Communism in action.
The case for capitalism is described in the 50-minute video
“Why Capitalism Is A Success (And Why Socialism Isn't)”, which is the best one I’ve seen to condense so much into a digestible package;
Why Capitalism Is Successful -- Comment Replies (Q&A)
When it comes to Europe, I address European welfare states in America versus the World.
When it comes to Africa, it comes from a combination of Neocolonialism and war, domestic conflict and corruption (frequently stemming from tribalism), and lack of economic freedom.
When it comes to Latin America, some of the reasons are similar to Africa, though it is better explained in Whatifalthist’s video How Does Latin America Work?
Labor unions did NOT create the middle class or eliminate child labor. The two industrial revolutions & the automation that they brought did. What automation does is allow us to be more productive to the point where we have an 8-hour work day with the weekend off & not require children to work (children have always been required to work throughout history). If you were demanding that in, say, the 1860's, people would think that you were crazy, as that everyone would starve with that little work.
When it comes to the Great Depression and Neal Deal, just listen to Tom Woods and Thomas Sowell about it.
When it comes to anti-capitalists (or at least Marxists), I have a feeling that I can go on almost literally forever due to the attitude of unfalsifiability & through the use of continuous No True Scotsman arguments & endless Ad hoc hypothesis.
(28:30)
Taxation:
If not so much of money from businesses were taken by taxes, they could pay their employees more, who could earn enough money to be themselves better off.
Even back in the day when income tax rates peaked, there were many ways to get around it so it was de-facto possible to pay significantly less than the official, on-paper tax rate. Peter Schiff stated that if he could replace the current American tax code with the tax code from the 1950’s, he would.
Separation of Business and State Ch 4 So Just Tax the Rich Right?
More Taxes or More Jobs? California Shows We Can't Have Both
Taxation is a factor to prosperity, but there are many others.
Should We Tax the Rich More?
Hartmann: Ban and Confiscate Excess Wealth! (video uploaded by Peter Schiff)
No They Can't: The Cayman Islands
Minimum wage:
Why Many Minimum Wage Studies Are Bogus:
Getting the problem of many minimum wage studies out of the way, today’s concept of a minimum wage really got started to racist Eugenics movement members (no intent to say that Eugenics is always racist) when they wanted able-bodied men to dominate the marketplace, & supported minimum wage to price the ‘less fit’ out of the marketplace. Early on, white racists supported minimum wage to price non-whites out of jobs.
If cigarettes were taxed higher, people will buy them less. Likewise, if employing someone costs more, fewer people will be employed, &/or be allowed to do paid work for fewer hours.
Who Is the Minimum Wage Really Protecting?
While I have yet to find statistics about black vs white unemployment rates in the early 20th century, have have found the primary source of The Economic Theory of a Legal Minimum Wage - By Sidney Webb.
How Employers Set Wages:
As for price-controls, listen to the video
Disqualified from having an opinion for being the wrong color.
For those of you who wonder why your employer should receive & control all of the profits:
Why Should My Boss Get All Of The Profits?
Some case studies on how minimum wage hurts workers:
The $15 Minimum Wage Is Turning Hard Workers Into Black Market Lawbreakers
5 Reasons Progressives Should Support Economic Freedom | Matt Palumbo
For those of you who want to intellectually challenge yourselves or want to debunk some videos, check out the sarcastically named playlist Screw capitalism & libertarian billionaire corporatism! It sucks! Democratic Socialism is good! Raise minimum wage! Tax the rich! What are fair taxes? - YouTube.
I recommend reading the book “Basic Economics” by Thomas Sowell. Here’s an audio-book version:
Also read the book The Separation of Business and State by Ryan Dawson.
By the way, does anyone find it strange or even funny that Friedrich Engels & Karl Marx, the writers of The Communist Manifesto, were both relatively well off & relatively well educated cisgender White men who are probably straight & Christian (actually, Marx might’ve been Jewish or part Jewish, but I’m not sure about this), the people that much of the far-left (ESPECIALLY the Social Justice crowd & Black Nationalists) today despise the most? More on race & identity politics later.
This particular point may be due for a future update due to its complexities.