470 – Topics

00:03 Buying the bull about capitalism: reconstructing the capitalism debate, Can capitalism save itself – R Michael Warren, hatred of capitalism, creative destruction, production, economic change, concentration of wealth, democracy and capitalism, climate change, warm heart of socialism
20:05 ‘People Before’ prophets: the true meaning of ‘people before profit’, capitalism and competition, winners and losers, redistribution of wealth, labour egalitarianism, capital, economic inequities
33:10 Reality check out: Labour Theory of Value, hidden moral arguments in economic justifications, slavery, the question of legality, denying reality by accepting contradiction, wealth distribution vs wealth redistribution, producers, consumers, subjectivity of value
46:20 A billion reasons: wealth and ownership of wealth, fallacy of the Labour Theory of Value, billionaires, Sara Blakely – billionaire, resourcefulness and initiative, risks and rewards, Ayn Rand’s definition of capitalism, morality of supply and demand, consent
59:42 END