Socialism Is Better Than Capitalism...Right?

Support me on Patreon:   / comradehakim   Twitter: @YaBoiHakim Be sure to check out the previous video, here:    • Видео   A video discussing what, why and how Socialism is better than Capitalism. Sources and recommended books in the pinned comment as always. 00:00 Introduction 00:42 What Is Socialism? 02:18 Socialism Objectively Provides a Higher Living Standard 04:19 Serving The Class Interests of The Majority 05:17 Rational Allocation and Economic Planning 08:23 Humanity Over Profit 12:12 Economic Democracy 13:56 The Elimination of Boom and Bust Cycles 14:27 Maximizing Life Quality For As Many As Possible 15:58 Conclusion