posted on Sep, 11 2011 @ 03:49 PM
Didn't watch the vid but I'd like to point out some myths.
Capitalism is not free-markets, it is the private ownership of the means of production. It is not the only system that allows free-markets.
Capitalism is not money, capitalism is not investing, it is not running a business. It is the system where private owners make their living from
exploiting the labour of those who own no property. Anarchists, and the left in general, saw this as the root of our social problems.
Socialism is not government handouts, it's the workers ownership of the means of production. It is not government, or state, as neither are required
for socialism, thus most Anarchists support a socialist economy.
Anarchism is simply stateless socialism...
"Anarchism is stateless socialism", Michael Bakunin, in "Stateless Socialism: Anarchism" as translated in The Political Philosophy of
Bakunin (1953) by G.P. Maximoff
Bakunin is known as the farther of Anarchism.
Originally 'Libertarianism' was a left wing term first used politically by Anarchists, as the term Anarchism was being demonized by the state.
The first person to use the term 'libertarian' was a French Anarchist, Joseph Déjacque in 1880. Then from that the term 'Libertarian Socialism'
was coined to replace the term 'Anarcho-Socialism'.
Socialism puts the means of production in the hands of the people so we can produce what we need. Under capitalism the means of production are
controlled, and resources kept artificially scarce, in order to maintain profits for the private owner, at the expense of those who need those
Technological capacity to produce enough to satisfy everyone's needs already exists globally and has done so for many decades. Yet needs continue
to remain unmet on a massive scale. Why? Quite simply because scarcity is a functional requirement of capitalism itself.