Is Capitalism Actually Efficient?

Get free access to Nebula with your CuriosityStream subscription! Visit https://curiositystream.com/secondtho... 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... Capitalist perspective on dangers of short-term thinking: https://www.nytimes.com/2019/12/21/op... Marx on class structure under capitalism: http://uregina.ca/~gingrich/s28f99.htm Imperialism: https://www.marxists.org/archive/leni... Amazon destroying products: https://www.itv.com/news/2021-06-21/a... Dunkin Donuts worker fired: https://www.dailydot.com/irl/dunkin-e... Dairy farmers dumping milk: https://www.cnn.com/2020/06/08/perspe... Potato farmers abandoning crops: https://www.businessinsider.com/potat... Grocery store waste: https://www.nrdc.org/sites/default/fi... Texas electrical grid problems: https://www.nytimes.com/2021/02/21/us... https://www.utilitydive.com/news/the-... Champlain Towers collapse: https://www.nytimes.com/2021/06/26/us... https://www.nytimes.com/2021/07/06/us...    • Florida Building Collapse: 2018 Report Fou...   https://www.cnn.com/2021/07/08/us/mia... Follow and Support Second Thought! Twitter:   / _secondthought   Patreon:   / secondthought   BuyMeACoffee: https://www.buymeacoffee.com/secondth... CashApp: $JTChapman Watch More Second Thought: Latest Uploads:    • Плейлист   Spaaaaaace!:    • Плейлист   What If...:    • Плейлист   Popular Videos:    • Popular Videos | Second Thought   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