What's Wrong With Capitalism: Supply and Demand Part 6

In this video in response to ContraPoints argument on what's wrong with capitalism, ContraPoints negates the importance of the laws of supply and demand. As I have explained, the laws of supply and demand is what determines price and is part and parcel of the real world economy.

You will commonly find this problem with critiques of capitalism as socialists don't understand what prices are and the role of prices in an economy. I also address the point that socialists contradict themselves on negating the importance of the laws of supply and demand given the critique they have of capitalism abusing natural resources.

The other point I have addressed is ContraPoints attempt to project the blame off onto capitalism and other people for ContraPoints own irresponsible actions. It is not the fault of anyone else other than themselves for spending recklessly.

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