Name: Is Greed Good? | The School of Hannah Stocking and Anwar Jibawi
Uploaded: 2020-03-28T10:45:17.000Z
Duration: 8 min 22 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

to explore some philosophy's most intriguing ideas.

of over ten million  subscribers between them,

and, if it's broken, what kind  of system might replace it?"

Anwar, what do you know about capitalism?

NARRATOR: A 60-second guide  to capitalism.

For thousands of years,  the rich were rich

and the poor were poor  because they didn't.

With no opportunities to change their circumstances,

or hatched elaborate schemes  to get rich quick.

But, in the 1500s,  a scientific and technological

fortunes were made  from a new capitalist system,

based on the spiraling profits that could be reaped

from an ever growing cycle of production and consumption.

But capitalism also created  a new moral choice,

as they labored in the new factories in cities

and selling people  things they didn't need.

While being thrifty and honest meant a life of poverty.

Could the future of capitalism look a lot like socialism?

We asked Hannah and Anwar  to investigate

some of the pluses and minuses of capitalism and socialism,

at the Grand Central Market  at downtown Los Angeles.

Hannah's stall is driven  by key capitalist principles,

and clever marketing  to stimulate desire.

HANNAH: If somebody's gonna buy a cupcake,

they're gonna want edible sparkles and gold flakes on it.

Anybody want some cupcakes, five dollars only.

is governed  by key socialist principles.

Because profit seems  to rest upon exploitation,

providing customers  with only the basics.

hangs on a heated disagreement over three key concepts.

to start businesses, or lend their money to others

Socialists say  that the search for profit

You gotta work hard enough to get rewarded.

Don't worry, you'll still get paid. Yeah.

they become focused  on customer satisfaction,

We have four flavors.  All of them are $5 each.

Subtitles ListPlay Video

Is Greed Good? | The School of Hannah Stocking and Anwar Jibawi

prioritize

grab

poverty

consume