Economics: Capitalism, Socialism & Communism Explained

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1. He forgot to mention Laos at the end, that's also communist.
2. The history of the world is clear..... no other form of government holds a candle to free market capitalism in its ability to raise the poor out of poverty
3. You sounds high in this video, anyway just to let you know, adam smith did not popularize capitalism, he was not a political, he basically popularized the concept of invisible hand, which keyneses describes last in his studies as supply and demand.
4. Is communism even practical ? Does not seem. Either the definition lacks the major components to drive a state and its economy or its less understood by the interpreters.. I feel its an idea which needs to be added to other. Its seems more of an CATALYST then a compound itself, in a Productive pseudo chemical "REACTION"
5. India seems to have a blend of all 3. You can work hard become rich like a capitalism. Or pay for better services like socialism. Or maybe donate your money to the poor via a temple and charity work like communism.
   
   The government is socialist, the people are capitalist and the religion is simple enough to keep peoples values like communism.
6. There was a Capitalist dog, a Socialist dog, and a Communist dog.
   
   The Capitalist dog was telling the Socialist and the Communist dogs about how great things were in his country.
   
   Well, you know, things may not be perfect but, you can bark, and if you bark long enough somebody comes along and gives you some meat said the Capitalist dog.
   
   To which the Socialist dog replied, What is meat?
   
   And the Communist dog replied, What is bark?
7. You need to rehearse this..... Poor delivery
8. There has never in history been a truly equal society, I'm not really for basic ideologies because they oversimplify things. What I do want however is capitalism to be reformed because right now it's really flawed and unsustainable.
9. Sweden is NOT a socialist country. Rather we've been more successful when we went towards capitalism. And there are NO communist country and have never been. Not even North Korea. North Korea is a socialist country based on the Juche doctrine by Kim Il Sung.
10. This is shit
11. r u walter junior XD?
12. "The 1% has the same capital of money equal to 99%% of us" you should correct that.
13. It sounds a little bit like you think Capitalism is bad. Equality in economics is rarely good when dealing with how much people get paid
14. There's a new one that's coming soon "Trumpitalism" where trump forces other nations to pay america thus allowing 0% tax on people and businesses in the usa allowing for 1000% increase in Economy growth.
    
    to me all soicalists, commies, marxusts, and religious zealots are a diease to the betterment of mankind and it's quest to improve itself
15. Buddy redo the audio this is good video and can be made even better!
16. Capitalism was not theorized by Adam Smith as he never used the word to describe the political economy he was taking about. You could call it the "free market" or "free enterprise" but it not capitalism. The word "Capitalism" was first used by William Thackeray in 1854 to refer to the financial sector. Smith was describing a system that would be called today the "productive" sector. The financial sector, rather than enable the productive sector, is rather parasitic to the productive sector.
    Thus "Capitalism" and with its usury hinders rather than advance the productive sector and in no way represents free enterprise.
    
    Marx on the other hand co-opted the term Capitalism to smear the productive sector with the evils that usury has on the economic system because Marx hated the middle class that free enterprise enables. Thus the reason why Marxists desire the confiscation property. Marxism is grounded in envy and the confiscation of property to pauperize everyone so that there would not be a middle class of people who can rise through their own ability.
17. And Sweden is not completely socialist. Most of their businesses are privately owned. They just have higher taxes which enable more social programs.
18. And capitalism is less about no government intervention and more about the means of production and wealth being privately owned. Laissez faire does propose no gov intervention at all, but realistically this has never truly been put into practice.
19. Capitalism is much older than Adam Smith. It's been around realistically as long as their has been private trade.