Is Capitalism Actually Efficient?

Get free access to Nebula with your CuriosityStream subscription! Visit https://curiositystream.com/secondthought How many times have you heard the claim that capitalism is the most efficient system for the production and allocation of goods and services? It s a very common talking point in the "western world," especially in the United States. In this week s video, we ll deconstruct that myth and discuss what capitalist "efficiency" actually means. Is Capitalism Actually Efficient? – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS New video every Friday! Capitalism and markets: https://www.rdwolff.com/capitalism_is_not_the_market_system Capitalist perspective on dangers of short-term thinking: https://www.nytimes.com/2019/12/21/opinion/sunday/capitalism-sanders-warren.html Marx on class structure under capitalism: http://uregina.ca/~gingrich/s28f99.htm Imperialism: https://www.marxists.org/archive/lenin/works/1916/imp-hsc/ Amazon destroying products: https://www.itv.com/news/2021-06-21/amazon-destroying-millions-of-items-of-unsold-stock-in-one-of-its-uk-warehouses-every-year-itv-news-investigation-finds Dunkin Donuts worker fired: https://www.dailydot.com/irl/dunkin-employee-who-exposed-waste-policy-fired/ Dairy farmers dumping milk: https://www.cnn.com/2020/06/08/perspectives/cabot-dairy-farmers-pandemic/index.html Potato farmers abandoning crops: https://www.businessinsider.com/potato-farmers-destroy-potatoes-covid19-even-in-a-food-shortage-2020-6 Grocery store waste: https://www.nrdc.org/sites/default/files/wasted-food-IP.pdf Texas electrical grid problems: https://www.nytimes.com/2021/02/21/us/texas-electricity-ercot-blackouts.html https://www.utilitydive.com/news/the-real-problem-in-texas-deregulation/595564/ Champlain Towers collapse: https://www.nytimes.com/2021/06/26/us/miami-building-collapse-investigation.html https://www.nytimes.com/2021/07/06/us/florida-condos-insurance.html https://www.youtube.com/watch?v=seZHbB4Nijs https://www.cnn.com/2021/07/08/us/miami-dade-building-collapse-thursday/index.html Follow and Support Second Thought! Twitter: https://twitter.com/_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman Watch More Second Thought: Latest Uploads: https://www.youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27 Spaaaaaace!: https://www.youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v What If...: https://www.youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi Popular Videos: https://www.youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com