Watched an old Stefan Molyneux video “Why young people hate capitalism” or something. It was utopian bullshit.
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Molyneux defines capitalism as “private property and contract law and nothing else,” which he sums up as “keep your stuff, keep your word.” That would be fine and dandy by itself, then he adds caveats to that that make it clear that capitalism by his definition has never been practiced anywhere in the world and never will be because it’s utopian bullshit.
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He says corporations are not part of capitalism. Well, since corporations have existed since before capitalism then that means capitalism has never been practiced. He also says that we have “corporatism”, even though it bears no resemblance to the system Mussolini invented, so Molyneux is very clearly a liar and is using scary sounding words that his audience doesn’t know the definition of in order to con them.
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Not just corporations, but literally any means of limiting your liability in case your business fails is antithetical to capitalism. In Molyneux-style capitalism if you fail you lose everything. More than everything since certain types of debt are classified as assets.
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He says taxes are not part of capitalism, and, again, since taxation has existed since before capitalism then that means no civilization ever has practiced capitalism. Well, if this magical Molyneux-style capitalism has never existed why does he praise it so much?
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Not sure if it was the same video but I remember someone somewhere mentioning the stock market saying that you have no business buying stocks because you’re too stupid to understand them and the only reason people lose money in the stock market is because the government brainwashes people for 12 years into buying stocks. You should go to Molyneux University instead of school, where you learn to give your cult leader hand outs so he can claim to be a self-made libertarian capitalist, the only one who has ever existed in the history of the world.
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UPDATE: Just came across another video where Molyneux said
“the free market, as I have defined it, has never existed.”