My son in University was sprouting forth Socialistic ideas. I laughed when he started working. Then he became a Capitalist. Smaller , less control governments are needed. I wish that AI took the jobs away from Politicians. The world would become a better place soon. Maggie Thatcher's comment that Socialism works until you run out of tax payers money is so correct. Government doesn't have money... it has tax payers' money !!
@Victoria-Enzula Why is it that people risked their lives to escape from communistic countries and no -one was trying to get in ( unless they were spies !) But economics is like religion Difficult to alter someones zealous opinion and a waste of time to try. Instead of being jealous of successful people, try and copy what they do...(there will always be richer people than others, but look at the community as a guide..... ..everyone (except politicians and cadres) in SA is/are getting poorer as our money devalues due to following the incorrect financial policies. When government borrows and prints money it leads to inflation and you need more money to buy basics. If you don't have a job (like me as a retiree) you will soon feel the pinch and get worried. Zimbabwe pensions are not enough for a weeks food in SA. That is why so many Zimbabweans try to work here and send money back to their family...
@@douglasmetcalf390 That's just nuts. Take away the economic embargoes and sanctions the bully USA puts on Communist countries and they wouldn't have problems. Plenty of times our tax dollars went to overthrowing legally elected leftist governments because a few greed monsters wanted to extract resources and use their people in human trafficking. Take your slime ball lying dude tenuous low-minded scat morals and compost them. China is the shining example of what our world could be if we gave up our stubborn esses, stupidities and aristocracy.
@@douglasmetcalf390 Why is it that millions risked and gave their lives for true freedom we with Communism? Because Crapitalism, oligarchy, fascism are all forms of slavery and they were dying, suffering, enslaved, enmiserated, brutalized.
and only the ANC can rule AND only one person can rule why is it that when we talk about other areas, there is always room for change, but we still foolishly believe that only 100% pure capitalism can work ???? we don't have the pure for anywhere even the mighty old Americans are become poorer. The housing market has been collapsed and put in the hand of a few "capitalists" IN THE NAME of capitalism The working class and their wages and insurance has been collapsed IN THE NAME of capitalism Private equity has destroyed IN THE NAME of capitalism IN THE NAME of capitalism, the stock market is reaching new Hights, while the real quality of life of real people is declining We need a new system that contains BOTH
Being free means having the option to opt out! National Socialism does work, just not for the Globalist Program or is that Pogrom. There is and has never been a successful Democracy in its pure form. And, the path to Fascism is paved in Democracy. afaik.
Rob and Stellenbosch are of course wanting a capitalist reawakening as they are trying to rebrand themselves fir the center right! National Socialism and it’s federalism sets everyone free which is what they don’t want! You will see with the DAs plan for jobs and it’s gig economy is to pay South Africans half the money Americans recieve for the very jobs they don’t want! There honestly cannot be a middle ground, Capitalism and democracy has put us in this hole, as it’s not capitalism Rob is calling for its feudalism… Rob is a liar just like his Democrat buddies
@@innovruptly1769 What blithering idiot gave you the impression that *ANY* form of socialism (including fascism) has ever worked even remotely at any time in human history. What utter drivel.
@@innovruptly1769 “Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?” ― Thomas Sowell
Capitalism and socialism are 2 sides of a spectrum. The fact that people still think one or the other is the reason the world is the way it is. Those that have their needs met will praise capitalism and those without will praise socialism.
Well, they are a true dichotomy. And they do exist side-by-side. But the point made here remains absolutely correct. There does not exist so much as a single example of capitalist failure or socialist success, even in the piecemeal versions in otherwise market economies (which is why socialist apologists are soi desperate to change the definitions in order to muddy the waters).
@@FletchforFreedom you need to look again. Just because one person says so, does not make it true America, the classic example of capitalism, is in decline. as stocks surges so does real people's decline more wealth in less hands ???Are you telling me you don't see it ??? in the name of capitalism, politicians trample of people's rights. in the name of capitalism, and the countries where it lives, less people can afford a house because the "supply and demand' system is moving all of the housing into private equity firms in the US wages are still at 1980's level We choose only what we want to see or what we so desperately want to believe We need life after capitalism
More of a question, suggestion: I'd like to listen to Rob talk about BEE. Does it work? When does it end? What do we need to do to make it end? I believe we might see more capitalist investment if investors could choose the best people based on skills and not skin colour.
Asking a rich person on capitalism does not make sense. Ask majority of people who are struggling about capitalism. Capitalism is about as long i am rich and anothers are poor it is not my problem.
Millions of people have died from communism. Some people are saying over 100 million.. Communism sounds good but it has never worked. They are also the first to complain about slavery. Is communism not a form of slavery.This is where education comes in. People must learn to do thier own research and educate themselves. If it sounds too good to be true it probably is.
I don't consider myself a communist or capitalist but you guys seem to get things wrong; its crazy. its not about capitalism working, its about select few capitalism works for.
Economic are actually to use different approaches and not one way right or left. These people are globist trying to steal all resources out of every African country.
It’s clear that this person has a bias when discussing economic systems. They seem to suggest that capitalism is superior to socialism. Why not give viewers a balanced look at both capitalism and socialism, discussing their pros and cons? And if you’re bringing up examples, consider Cuba, N. Korea e.t.c. All those countries he mentioned are faced by Western sanctions from the U.S., affecting their economy. You might also talk about China, which operates with a mix of socialism and market elements. Avoid pushing one-sided narratives-socialism hasn’t really been given a fair chance to succeed in many cases.
Don't get me wrong I love Biznews and Rob Hersov, but to ask a billionaire (rolling in dollars pounds), his opinion of socialism vs Capitalism seems grossly offsides. Ask the unemployed, the homeless and the starving how well capitalism has served them? The problem with Capitalism is that it by its nature, creates the rich, the middle class and the poor with the majority being 90% the poor. Is this fair?
I see what you are trying to say - but business needs to put pressure on this socialist / communist / welfare state creating govt and steer the ship in a different direction than the last 30 years. It is not the fault of capitalism - but the lack of new ideas such as trades and skills being taught at school and beyond.
Well, given that socialist policies (government regulation, minimum wage laws, excessive taxation, manipulation of the money supply, border policy) have been the entire *CAUSE* of the unemployed and homeless (and no one is starving under capitalism)m perhaps the better question is how socialism has failed them. What idiot gave you the impression that capitalism yields anything like you suggest? Capitalism has been solely responsible for the massive improvement in worker pay, working conditions and prosperity (including the effective end of starvation, child labor and poverty as it was understood as recently as a century and a half ago) that has taken place over the last three centuries. In the US, where capitalism was more greatly adopted for perhaps the longest period, real compensation has increased steadily and substantially in a trend dating all the way back to the beginning of the Industrial Revolution. Americans are among the highets paid workers on the planet and poverty has fallen to record lows. The poorest 20% of Americans live better than the middle class of Europe. We have more disposable income, better healthcare (the debunked mythology notwithstanding), If you think socialism (or unions) was responsible for any of this you are aggressively ignorant of economics, history and reality. The poverty =y rate n the US (ticked up under Biden's more socialist policies) is 11.1# do nearly 90% of people are *NOT* poor. And the US has the highest [poverty threshold on the planet. Using the levels in other countries, it's in many cass, nonexistent.
It is clear that l do not clearly understand the US Politics. But from what l have seen l cannot understand why people will support Trump. He is a despicable human being.
@@mark_sugar42 Give me an example with a link so I can see for myself. edit* After some reflection I realize you mean that Trump does not "self-reflect". How do you know that? I don't know anyone who self-reflects in public. It's usually something one does in private.
Firstly socialism is not the same as communism. Secondly capitalism is only great if u are one of the privileged. Want to argue... just look at the USA. Arguably the wealthiest nation on the planet. Plagued by homelessness and its healthcare system is the most expensive with poor outcomes. The education system isn't much better. Then look at Finland, a socialist country (not communist) it has 24hr childcare, one of the best education systems in the world, and a good healthcare system. 😮
Yes, look at the USA. Capitalism has been solely and co0mplertely responsible for the massive improvement in worker pay, working conditions and prosperity that has taken place over the last three centuries. Far from being "plagued by homelessness" it was near historic lows before the current administration threw open the border (and that a number of European countries don't report figures doesn't mean it isn't a problem there). The fairy tale that the healthcare system in the US yields "poor outcomes: has always been pure BS (if you are diagnosed with a serious illness you'd best pray you have access to US healthcare). And the socialist interventions is what have made it so expensive (debunked nonsense about medical bankruptcies notwithstanding). The socialized public school system has been a disaster but the quality of the more market-driven higher education system is the envy of the world, Still, Americans are among the highest paid workers in the world, have a higher standard of living (far higher than Finland), the "poor" in the US live comparable to the middle class in Finland and have far more living space. This isn't rose colored glasses. There are numerous problems in the US but they are in every case, the result of government (socialist) action, not capitalism.
Finland has Capitalist Economic system and a socialist social policies. The money needs to come from wealth creators for them to be able able to redistribute it! Without productive wealth creator system, there is no feasible socialist redistribution!
If capitalism created enough jobs in south Africa alone, the idea of socialism wouldn't cross peoples minds.but Rob hesov you can't make example with Cuba, Venezuela,north Korea those countries are under sanctions,why don't you make it about China and Russia, that is why people don't brush of the socialist agenda because you people became lazy,on stating your case,last week Israel and USA opposed Cuba from being free from sanctions,biz can you please make any example with a country which failed without sanctions.
A very one sided argument. Rob says proof that capitalism works can be seen in the happiest countries index. If that's true, USA should top the list, but only sits down at around 23. The top 10 countries are mainly countries where capitalism is the dominant economic system, BUT they are highly regulated and have HUGE social agenda's. SO, a combination clearly seems to be the better option. I agree NZ is a nanny state, but Rob's whine about reg's to open a padle court . . . really! Very necessary regulation given the number of complaints from neighbours to these courts in countries without the regulations. And, please don't elevate elon. Without government handouts to tesla, it would have closed shop. And now that he can'compete against the Chinese, he's thrown his lot in with diaper donny so donny will impose tarifs to ensure he can stay afloat!
The counter argument i would make for rob is there is no socialism, theres just state controlled capitalism, private market capitalism, hybrid model capitalism and private market capitalism And most countries are in a hybrid model but i have yet to see any real socialist state
As the Unemployed People's Party we are totaly opposed to the over regulation of small businesses, and especially now, this over regulation is extended to sphaza shops. This makes it difficult for many to comply eg with zoning, health and safety etc, this is too costly.
We are told money never sleeps. Never thought capitalism could slumber and require reawakening. It's alive and kicking though its beneficiaries would like us to believe otherwise. Countries at the bottom are the ones that were raided, and their natural resources were raped (metaphorically) and plundered by the ones at the top.
There are still plenty of natural resources left in SA and wider Africa. There are no natural resources in Israel, another country that gained it's independence only ten years before many African countries, yet they are rich. It's the not the not the beneficiaries that are plundering SA it's the people within it that need to be educated.
It is the playground of the foolish to assume one system is 100% correct and one system is 100% wrong WE NEED BOTH. IT is a no-brainer. You simply cannot have one system in its totality It is just that there are many many definitions of what these systems are, so it is always a semantic battlefield
Yes, it takes absolutely no brains whatsoever to suggest we need socialism of any kind and in any degree. It ios true that socialist apologists like to pretend that they can use whatever definition they want but there is only one definition for capitalism and socialism, respectively. Capitalism is the exercise of the powers of ownership over the means of production, including capital, privately - period - in short, the free market. Socialists like to pretend that state economic action can be capitalist rather than socialist for example so that they can blame the problems in hybrid economies on capitalism. The fact is that there does not exist an example of capitalist failure or socialist success at any time in all of human history - not one.,
When you invest in Mine shares !! Start small and slowly build up. It's going to take time but eventually you become a mine owner and workers who are paid for their labour, will be rewarding you for your investment.
Rob Hersov is right, socialism is evil. Yet, capitalism as we see it functioning today, is as evil as socialism. Capitalism as we see it today is exactly what Adam Smith warned against, morality was blown out of the door. Greed is in control; as Rob has so beautifully explained, the measure of success for capitalists is wealth which is sickening to the core. If money is the objective, then you live in a sick society.
Could not agree with you more buddy. It's greed and no morality, to say the least. Even some communist countries feast on some form of capitalism these days.. I always enjoy listening to RobH.
And how, again, is capitalism in any way "evil"?!?!?!?! And how exactly is "greed" a problem in capitalism at all?!?!?!? Capitalism is neither more nor less than free individuals engaging in exchange absent coercion. There are certainly problems with how our economy functions today but they are not capitalism. State economic action is, by definition, socialism. Corporatism is all too common; regulatory capture; boneheaded government intervention (like the minimum wage), etc. central bank created boom-and-bust cycles - all socialism. As capitalism literally guarantees that goods and services are made available at the greatest possible degree at the lowest possible price to consumers while workers are guaranteed to be fully compensated for the labor services they provide and no "greedy" corporate executive has any power over you whatsoever, what the hell are you talking about?!?!?!?
My daughter decided to further her career in marketing at Masters level at UCT but dropped out because amongst other things, socialism was high on the agenda.
The Unemployed People's Party is intending to re-register with the IEC to context future elections in this country to effectively represent the voice of unemployed people.
Rob Hersov is rich, not intelligent. Without his wealth his views wouldn't count for nothing, he hasn't added anything to the debate between the alternate economic/social systems. Oh, it just had to be Jabu 😂😂😂
Free-market economics leads to economic growth. Capitalism's economic system is free-market economics and it obviously therefore leads to the most economic growth. That is a fact.
Rob Hersov I have ask you in the past, set free funders for entrepreneurs if you want the economy to grow, but you prefer to be quite or want to make money out of this
I know time is always a limitation, but it will also be good to discuss criticism of capitalism. We need to focus on closing the divide between rich and poor. Take for instance the middle class' real sadness globally of an inability to buy a house. Perhaps tax needs to be revisited and off course it can only work if there is some global compact. Revisiting progressive tax rates can only work if there are broad principle agreement. Perhaps a start would be to consider if tax havens are benefiting broader society. The point about reducing red tape is incredibly important; thank you for raising that and many other excellent points. I would like to see a discussion on viewing capitalism as more dynamic and if there is real results in closing the wealth gap, socialism may lose one of it's main popular arguments. In conclusion, thank you for calling a spade a spade - the truth is always the foundation to find freedom.
Indeed. I think richer people feel better (at peace) living in countries with a general good standard of living rather than living in compounds surrounded by poverty.
Adam Smith is what I learnt about when I was at UCT in 1980 doing economics!! Adam Smith's amazing book was THE man with his book "The Wealth of Nations"! Socialism is dead & proved to be like Communism!!
Socialism and communism are not the same. Communism (sort of) died with the fall of Soviet Union but lives in Venezuela, Cuba etc. socialism is strong among people who don’t want to live in a society where the less fortunate are discarded on the street.
@@mark_sugar42 Except, of course, socialism *RESULTS* in the less fortunate being discarded on the street and capitalism has been the most effective anti-poverty program ever conceived by the mind of Man.
@@FletchforFreedomExcept that in socialist / communist Eastern Europe (outside of USSR) there were very few destitute people (homeless or going hungry). Yes, Everybody was in a spectrum of being poor but the extreme poverty was not there. Which is not the case with the US and other leading capitalist countries.
@@mark_sugar42 HAHAHAHAHAHAHAHAHA!!!! Brilliant! Absolutely brilliant! Rarely have I seen a parody of leftist ineptitude! Careful though. There are people who are actually so unimaginably disconnected from reality that they actually believe that and fail to grasp either the real world conditions as they existed in those countries or even point to the minimal reporting (or llack therof) of homeless and poverty figures as if they were at all credible. The actual data, readily available (and even referencing the manipulated official figures from behind the Iron Curtain) tell the exact opposite story. Of course, in order to do such a brilliant parody, you had to already know that.
@@mark_sugar42 Brilliant parody! Careful though. Sadly, there are far too many leftists who point to the minimal reporting (or lack thereof) from such countries as if the=y were representative of reality and actually believe that. The extreme poverty that existed in such countries in the 1950s barely even made it into the 20th century in the US or UK. Living standards behind the Iron Curtain were all but universally deploable.
Rob Hersov should put his money where his mouth is, start a political party before the 2026 elections. We need a party that is run by big business leaders, our whole parliament is a mess.
There's a big difference between free market capitalism and a group of a few controlling everything. Capitalism has evolved into something incompatible with the free market, at least the way it is practiced in U.S.A, EU and South Korea & Africa
The problem with capitalism is it tends to capital concentration. Thus making a large portion of the population surplus to requirements. Eg South Africa.
Socialised losses and privatised gains (e.g. bank bailouts), externalities, and the corporations' prioritization of the profit motive at the expense of the health of the public and environment (crisis of the commons). These are the things that make me sceptical about capitalism. China has shown itself to be more successful at price deflation, i.e. passing the benefits on to individuals via lower prices, than the capitalist countries who use monopolies, cartels, tariffs and other "pricing power" strategies to keep prices elevated. One could argue that Trump is for non-competitive behaviour when slapping tariffs on cheap imports, but it's understandable that he want's to protect U.S. jobs. There are two sides to every argument, and one man's terrorist is another's freedom fighter, so when I hear one-sided arguments like this, I raise an eyebrow. A.I. and robotics will probably make these discussions irrelevant in the coming years anyway.
He did, but Rob and Stellenbosch are liars. The only honest thing Rob ever said was that South Africans were all on our way to be millionaires in the 70s… Stellenbosch owes the Afrikaans community trillions as it’s been 50 years since Democrats took over from the Nationalists… Rob is a fraudster
Rob you are in the debt. Your talking do not much. Use your money to jail Ramaphosa, the DP and the ANC ministers for their corruption. Only then you are doing something positive for SA.
Rob Hersov a great SA'n, He could live anywhere in the world, but he and his wife have chosen SA to be their home..We need to keep talent like him in SA for this country ever to succeed.
So Rob i asked chat GPT countries with Business people statues. Your a good businessman yes but you didn’t manage to make impact in SA politics so critic buy stop insulting something you failed dismally.
Yet those same people are probably up before you and get back home after you, earning less than a quarter of what you make. A little compassion can go a long way.
@TaguKhan with a little bit of help. Less indoctrination in the wrong direction. These people can become much smarter, work smarter and the fruits of their hard work can multiply by 100 fold.
We want the mineral resources in our hands. It is Black African men who are sweating underground extracting these minerals for the benefit of Whites. Which work are you referring to? Domestic servants are working hard in the houses of their masters. They are Black and African.
“Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?” ― Thomas Sowell
I would not consider myself a pure capitalist but I am a free market supporter, or in other words an anti-communist. A free market necessarily implies that concepts like equality only apply to the few aspects of society where they make the most practical sense, such as before the law. Applied anywhere else and they become a burden of inefficiency that does nothing but drag the country down. Futhermore, any system of authority that discourages free speech is by its nature incapable of self-improvement. If citizens cannot point out where a government is failing, how is it supposed to know where to utilise resources most optimally? Most importantly, however, any authority that dissuades free speech also dissuades creativity and innovation, which are the lifeblood of entrepreneurship.
Speaking like a BOSS. Give this man a statue. Countries on top of the happiness index . . . Is Finland, Denmark, Iceland, Sweden, etc. fundamentally capitalist? (Nordic model)
Nordics are “capitalism with a heart” which is what Rob calls “socialism”. Capitalism in Rob definition is “winner takes all, go away you unemployed guy - lift yourself by your own power” 🤔
Look on the bright side. The fact that they're now saying socialism has never been tried PROPERLY means they're at least admitting socialism has been tried in the past and failed. Baby steps in the right direction I suppose.
Interesting, my grandson of 8 years dreams of been bigger than Elon Musk his extremely interested of how Elon got to where he is how he did business and how he became a hero. Well we were told at the age of 8 he should still want to be a fireman or policeman so he was diagnosed with a mild form of autism because his obsessed with Elon Musks life and business. So Rob is right socialism is taught and expected in schools universities and any one thinking different is labeled
Inclusivity is capitalism's big problem. South East Asia got the balance right between inclusivity and economic development and inclusivity. Why? Education. If capitalism misses out on education won't last long.
My son in University was sprouting forth Socialistic ideas. I laughed when he started working. Then he became a Capitalist. Smaller , less control governments are needed. I wish that AI took the jobs away from Politicians. The world would become a better place soon. Maggie Thatcher's comment that Socialism works until you run out of tax payers money is so correct. Government doesn't have money... it has tax payers' money !!
The richest are getting the most subsidies and paying the least taxes. It's ridiculous. Corporatism is fascism. Mussolini
@Victoria-Enzula Why is it that people risked their lives to escape from communistic countries and no -one was trying to get in ( unless they were spies !)
But economics is like religion Difficult to alter someones zealous opinion and a waste of time to try.
Instead of being jealous of successful people, try and copy what they do...(there will always be richer people than others, but look at the community as a guide.....
..everyone (except politicians and cadres) in SA is/are getting poorer as our money devalues due to following the incorrect financial policies. When government borrows and prints money it leads to inflation and you need more money to buy basics. If you don't have a job (like me as a retiree) you will soon feel the pinch and get worried.
Zimbabwe pensions are not enough for a weeks food in SA. That is why so many Zimbabweans try to work here and send money back to their family...
@@douglasmetcalf390 That's just nuts. Take away the economic embargoes and sanctions the bully USA puts on Communist countries and they wouldn't have problems. Plenty of times our tax dollars went to overthrowing legally elected leftist governments because a few greed monsters wanted to extract resources and use their people in human trafficking. Take your slime ball lying dude tenuous low-minded scat morals and compost them.
China is the shining example of what our world could be if we gave up our stubborn esses, stupidities and aristocracy.
@@douglasmetcalf390 Why is it that millions risked and gave their lives for true freedom we with Communism? Because Crapitalism, oligarchy, fascism are all forms of slavery and they were dying, suffering, enslaved, enmiserated, brutalized.
Yes thank you Rob. We need capitalist activism
Communism is awful
and only the ANC can rule
AND only one person can rule
why is it that when we talk about other areas, there is always room for change, but we still foolishly believe that only 100% pure capitalism can work ????
we don't have the pure for anywhere
even the mighty old Americans are become poorer.
The housing market has been collapsed and put in the hand of a few "capitalists" IN THE NAME of capitalism
The working class and their wages and insurance has been collapsed IN THE NAME of capitalism
Private equity has destroyed IN THE NAME of capitalism
IN THE NAME of capitalism, the stock market is reaching new Hights, while the real quality of life of real people is declining
We need a new system that contains BOTH
Capitalism, private property rights, the rule of law and small government: these are the fundamentals of a free and prosperous society.
Being free means having the option to opt out!
National Socialism does work, just not for the Globalist Program or is that Pogrom.
There is and has never been a successful Democracy in its pure form.
And, the path to Fascism is paved in Democracy.
afaik.
Rob and Stellenbosch are of course wanting a capitalist reawakening as they are trying to rebrand themselves fir the center right! National Socialism and it’s federalism sets everyone free which is what they don’t want! You will see with the DAs plan for jobs and it’s gig economy is to pay South Africans half the money Americans recieve for the very jobs they don’t want! There honestly cannot be a middle ground, Capitalism and democracy has put us in this hole, as it’s not capitalism Rob is calling for its feudalism… Rob is a liar just like his Democrat buddies
@@innovruptly1769 What blithering idiot gave you the impression that *ANY* form of socialism (including fascism) has ever worked even remotely at any time in human history. What utter drivel.
@@innovruptly1769 this is one of the most intelligent comments ever
we need a new or hybrid system.
@@innovruptly1769 “Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?”
― Thomas Sowell
Capitalism and socialism are 2 sides of a spectrum. The fact that people still think one or the other is the reason the world is the way it is. Those that have their needs met will praise capitalism and those without will praise socialism.
Well, they are a true dichotomy. And they do exist side-by-side. But the point made here remains absolutely correct. There does not exist so much as a single example of capitalist failure or socialist success, even in the piecemeal versions in otherwise market economies (which is why socialist apologists are soi desperate to change the definitions in order to muddy the waters).
@@FletchforFreedom you need to look again. Just because one person says so, does not make it true
America, the classic example of capitalism, is in decline. as stocks surges so does real people's decline
more wealth in less hands ???Are you telling me you don't see it ???
in the name of capitalism, politicians trample of people's rights.
in the name of capitalism, and the countries where it lives, less people can afford a house because the "supply and demand' system is moving all of the housing into private equity firms
in the US wages are still at 1980's level
We choose only what we want to see or what we so desperately want to believe
We need life after capitalism
I love gayton too thank you rob
Thank you for having Rob back. Always welcome, pleasure to hear. 😊
Thanks
More of a question, suggestion: I'd like to listen to Rob talk about BEE. Does it work? When does it end? What do we need to do to make it end? I believe we might see more capitalist investment if investors could choose the best people based on skills and not skin colour.
Couldn't agree more this Bee should be relooked.
BBBEE is racism trying to perform under a socialism banner. It will never work to uplift a country, no matter how much anyone argues otherwise.
It was only meant to be for 5 years. After 5 years it became BBBEE. Can someone tell me was there no time limit. Both are stifling our country.
Asking a rich person on capitalism does not make sense. Ask majority of people who are struggling about capitalism. Capitalism is about as long i am rich and anothers are poor it is not my problem.
Millions of people have died from communism. Some people are saying over 100 million.. Communism sounds good but it has never worked. They are also the first to complain about slavery. Is communism not a form of slavery.This is where education comes in. People must learn to do thier own research and educate themselves. If it sounds too good to be true it probably is.
I don't consider myself a communist or capitalist but you guys seem to get things wrong; its crazy. its not about capitalism working, its about select few capitalism works for.
Feudalism is what Stellenbosch wants
Economic are actually to use different approaches and not one way right or left.
These people are globist trying to steal all resources out of every African country.
It’s clear that this person has a bias when discussing economic systems. They seem to suggest that capitalism is superior to socialism. Why not give viewers a balanced look at both capitalism and socialism, discussing their pros and cons? And if you’re bringing up examples, consider Cuba, N. Korea e.t.c. All those countries he mentioned are faced by Western sanctions from the U.S., affecting their economy. You might also talk about China, which operates with a mix of socialism and market elements. Avoid pushing one-sided narratives-socialism hasn’t really been given a fair chance to succeed in many cases.
Don't get me wrong I love Biznews and Rob Hersov, but to ask a billionaire (rolling in dollars pounds), his opinion of socialism vs Capitalism seems grossly offsides. Ask the unemployed, the homeless and the starving how well capitalism has served them? The problem with Capitalism is that it by its nature, creates the rich, the middle class and the poor with the majority being 90% the poor. Is this fair?
Ask your Government why they can't employ everyone !?
I see what you are trying to say - but business needs to put pressure on this socialist / communist / welfare state creating govt and steer the ship in a different direction than the last 30 years. It is not the fault of capitalism - but the lack of new ideas such as trades and skills being taught at school and beyond.
@@douglasmetcalf390 Only the Socialist government that can employ everyone.
Well, given that socialist policies (government regulation, minimum wage laws, excessive taxation, manipulation of the money supply, border policy) have been the entire *CAUSE* of the unemployed and homeless (and no one is starving under capitalism)m perhaps the better question is how socialism has failed them. What idiot gave you the impression that capitalism yields anything like you suggest? Capitalism has been solely responsible for the massive improvement in worker pay, working conditions and prosperity (including the effective end of starvation, child labor and poverty as it was understood as recently as a century and a half ago) that has taken place over the last three centuries. In the US, where capitalism was more greatly adopted for perhaps the longest period, real compensation has increased steadily and substantially in a trend dating all the way back to the beginning of the Industrial Revolution. Americans are among the highets paid workers on the planet and poverty has fallen to record lows. The poorest 20% of Americans live better than the middle class of Europe. We have more disposable income, better healthcare (the debunked mythology notwithstanding), If you think socialism (or unions) was responsible for any of this you are aggressively ignorant of economics, history and reality. The poverty =y rate n the US (ticked up under Biden's more socialist policies) is 11.1# do nearly 90% of people are *NOT* poor. And the US has the highest [poverty threshold on the planet. Using the levels in other countries, it's in many cass, nonexistent.
@@FletchforFreedom the Americans are paid the highest because their expenses are the highest.
It is clear that l do not clearly understand the US Politics. But from what l have seen l cannot understand why people will support Trump. He is a despicable human being.
Why do you say that?
Trump is supported by people with enormous wealth eg Musk and Hersov. Greed rules!
@@Michael-hm8cshave you heard Trump self-reflecting?
@@mark_sugar42 Give me an example with a link so I can see for myself. edit* After some reflection I realize you mean that Trump does not "self-reflect". How do you know that? I don't know anyone who self-reflects in public. It's usually something one does in private.
@@paulstopforth8910 The same can be said for the democrats. Soros, Cuban et al
Lovely to see you again. Thank you for your wonderful opinions and comments. Take care God Bless.
Firstly socialism is not the same as communism.
Secondly capitalism is only great if u are one of the privileged. Want to argue... just look at the USA. Arguably the wealthiest nation on the planet. Plagued by homelessness and its healthcare system is the most expensive with poor outcomes. The education system isn't much better. Then look at Finland, a socialist country (not communist) it has 24hr childcare, one of the best education systems in the world, and a good healthcare system. 😮
Yes, look at the USA. Capitalism has been solely and co0mplertely responsible for the massive improvement in worker pay, working conditions and prosperity that has taken place over the last three centuries. Far from being "plagued by homelessness" it was near historic lows before the current administration threw open the border (and that a number of European countries don't report figures doesn't mean it isn't a problem there). The fairy tale that the healthcare system in the US yields "poor outcomes: has always been pure BS (if you are diagnosed with a serious illness you'd best pray you have access to US healthcare). And the socialist interventions is what have made it so expensive (debunked nonsense about medical bankruptcies notwithstanding). The socialized public school system has been a disaster but the quality of the more market-driven higher education system is the envy of the world, Still, Americans are among the highest paid workers in the world, have a higher standard of living (far higher than Finland), the "poor" in the US live comparable to the middle class in Finland and have far more living space. This isn't rose colored glasses. There are numerous problems in the US but they are in every case, the result of government (socialist) action, not capitalism.
The world is changing very quickly and power is shifting
start your own business. nothing for mahala!
Emigrate to Finland. I will stay and build a future for me and my family. No handouts thank you.
Finland has Capitalist Economic system and a socialist social policies. The money needs to come from wealth creators for them to be able able to redistribute it! Without productive wealth creator system, there is no feasible socialist redistribution!
If capitalism created enough jobs in south Africa alone, the idea of socialism wouldn't cross peoples minds.but Rob hesov you can't make example with Cuba, Venezuela,north Korea those countries are under sanctions,why don't you make it about China and Russia, that is why people don't brush of the socialist agenda because you people became lazy,on stating your case,last week Israel and USA opposed Cuba from being free from sanctions,biz can you please make any example with a country which failed without sanctions.
I don't know why, but i like Rob hey.
A very one sided argument. Rob says proof that capitalism works can be seen in the happiest countries index. If that's true, USA should top the list, but only sits down at around 23. The top 10 countries are mainly countries where capitalism is the dominant economic system, BUT they are highly regulated and have HUGE social agenda's. SO, a combination clearly seems to be the better option. I agree NZ is a nanny state, but Rob's whine about reg's to open a padle court . . . really! Very necessary regulation given the number of complaints from neighbours to these courts in countries without the regulations. And, please don't elevate elon. Without government handouts to tesla, it would have closed shop. And now that he can'compete against the Chinese, he's thrown his lot in with diaper donny so donny will impose tarifs to ensure he can stay afloat!
How about merging the two and explore bcz Socialism - too much Tax and corruption ,Capitalism - monopoly and greed
The counter argument i would make for rob is there is no socialism, theres just state controlled capitalism, private market capitalism, hybrid model capitalism and private market capitalism
And most countries are in a hybrid model but i have yet to see any real socialist state
As the Unemployed People's Party we are totaly opposed to the over regulation of small businesses, and especially now, this over regulation is extended to sphaza shops. This makes it difficult for many to comply eg with zoning, health and safety etc, this is too costly.
We are told money never sleeps. Never thought capitalism could slumber and require reawakening. It's alive and kicking though its beneficiaries would like us to believe otherwise. Countries at the bottom are the ones that were raided, and their natural resources were raped (metaphorically) and plundered by the ones at the top.
There are still plenty of natural resources left in SA and wider Africa. There are no natural resources in Israel, another country that gained it's independence only ten years before many African countries, yet they are rich. It's the not the not the beneficiaries that are plundering SA it's the people within it that need to be educated.
It is the playground of the foolish to assume one system is 100% correct and one system is 100% wrong
WE NEED BOTH. IT is a no-brainer. You simply cannot have one system in its totality
It is just that there are many many definitions of what these systems are, so it is always a semantic battlefield
Yes, it takes absolutely no brains whatsoever to suggest we need socialism of any kind and in any degree. It ios true that socialist apologists like to pretend that they can use whatever definition they want but there is only one definition for capitalism and socialism, respectively. Capitalism is the exercise of the powers of ownership over the means of production, including capital, privately - period - in short, the free market. Socialists like to pretend that state economic action can be capitalist rather than socialist for example so that they can blame the problems in hybrid economies on capitalism. The fact is that there does not exist an example of capitalist failure or socialist success at any time in all of human history - not one.,
When will all citizens of SA benefit from our countries resources?
When you invest in Mine shares !! Start small and slowly build up. It's going to take time but eventually you become a mine owner and workers who are paid for their labour, will be rewarding you for your investment.
@@douglasmetcalf390 people dont want to here that(start small), they want radical transformation like BEE
The capitalists want all the minerals for themselves and in exclusion of the real owners, Black Africans.
And beg you, work 10 times so that we fail to keep you at the top and worship you.
@@Dubandlela1 well your black govt is not exactly putting you on a pedestal now are they?
Rob Hersov is right, socialism is evil. Yet, capitalism as we see it functioning today, is as evil as socialism. Capitalism as we see it today is exactly what
Adam Smith warned against, morality was blown out of the door. Greed is in control; as Rob has so beautifully explained, the measure of success for capitalists is wealth which is sickening to the core. If money is the objective, then you live in a sick society.
I agree
Could not agree with you more buddy.
It's greed and no morality, to say the least.
Even some communist countries feast on some form of capitalism these days..
I always enjoy listening to RobH.
And how, again, is capitalism in any way "evil"?!?!?!?! And how exactly is "greed" a problem in capitalism at all?!?!?!? Capitalism is neither more nor less than free individuals engaging in exchange absent coercion. There are certainly problems with how our economy functions today but they are not capitalism. State economic action is, by definition, socialism. Corporatism is all too common; regulatory capture; boneheaded government intervention (like the minimum wage), etc. central bank created boom-and-bust cycles - all socialism. As capitalism literally guarantees that goods and services are made available at the greatest possible degree at the lowest possible price to consumers while workers are guaranteed to be fully compensated for the labor services they provide and no "greedy" corporate executive has any power over you whatsoever, what the hell are you talking about?!?!?!?
@@FletchforFreedom Well said sir
well put.
My daughter decided to further her career in marketing at Masters level at UCT but dropped out because amongst other things, socialism was high on the agenda.
Was socialism high in the marketing course curriculum?
The only thing universities teach nowadays is how to be a victim
The same guy that that promotes Gayton Mackenzie as a future president! Pass
The Unemployed People's Party is intending to re-register with the IEC to context future elections in this country to effectively represent the voice of unemployed people.
Rob Hersov is rich, not intelligent. Without his wealth his views wouldn't count for nothing, he hasn't added anything to the debate between the alternate economic/social systems. Oh, it just had to be Jabu 😂😂😂
Heat chat Rob.100%
Hot air as usual from this chap. Flawed argument when you do not mention the role of economic sanctions on socialist and communist regimes.
Would you rather listen to a failed state govt?
Free-market economics leads to economic growth. Capitalism's economic system is free-market economics and it obviously therefore leads to the most economic growth. That is a fact.
I'm surprised that Alec Hogg was unaware of where Paternoster, Union Republic of South Africa is. Pater Noster means: Our Father in Latin.
Rob Hersov I have ask you in the past, set free funders for entrepreneurs if you want the economy to grow, but you prefer to be quite or want to make money out of this
What do you think
about the WEF's so-called stakeholder capitalism which is basically a new word for socialism?
So witch 1 have they re-built in NYC? Work or Doesn't? Please Explain 22+ solar Earth yrs later.
I know time is always a limitation, but it will also be good to discuss criticism of capitalism. We need to focus on closing the divide between rich and poor. Take for instance the middle class' real sadness globally of an inability to buy a house. Perhaps tax needs to be revisited and off course it can only work if there is some global compact. Revisiting progressive tax rates can only work if there are broad principle agreement. Perhaps a start would be to consider if tax havens are benefiting broader society. The point about reducing red tape is incredibly important; thank you for raising that and many other excellent points. I would like to see a discussion on viewing capitalism as more dynamic and if there is real results in closing the wealth gap, socialism may lose one of it's main popular arguments. In conclusion, thank you for calling a spade a spade - the truth is always the foundation to find freedom.
Indeed. I think richer people feel better (at peace) living in countries with a general good standard of living rather than living in compounds surrounded by poverty.
Adam Smith is what I learnt about when I was at UCT in 1980 doing economics!! Adam Smith's amazing book was THE man with his book "The Wealth of Nations"! Socialism is dead & proved to be like Communism!!
Socialism and communism are not the same. Communism (sort of) died with the fall of Soviet Union but lives in Venezuela, Cuba etc. socialism is strong among people who don’t want to live in a society where the less fortunate are discarded on the street.
@@mark_sugar42 Except, of course, socialism *RESULTS* in the less fortunate being discarded on the street and capitalism has been the most effective anti-poverty program ever conceived by the mind of Man.
@@FletchforFreedomExcept that in socialist / communist Eastern Europe (outside of USSR) there were very few destitute people (homeless or going hungry). Yes, Everybody was in a spectrum of being poor but the extreme poverty was not there. Which is not the case with the US and other leading capitalist countries.
@@mark_sugar42 HAHAHAHAHAHAHAHAHA!!!!
Brilliant! Absolutely brilliant! Rarely have I seen a parody of leftist ineptitude! Careful though. There are people who are actually so unimaginably disconnected from reality that they actually believe that and fail to grasp either the real world conditions as they existed in those countries or even point to the minimal reporting (or llack therof) of homeless and poverty figures as if they were at all credible. The actual data, readily available (and even referencing the manipulated official figures from behind the Iron Curtain) tell the exact opposite story.
Of course, in order to do such a brilliant parody, you had to already know that.
@@mark_sugar42 Brilliant parody! Careful though. Sadly, there are far too many leftists who point to the minimal reporting (or lack thereof) from such countries as if the=y were representative of reality and actually believe that. The extreme poverty that existed in such countries in the 1950s barely even made it into the 20th century in the US or UK. Living standards behind the Iron Curtain were all but universally deploable.
Capitalism always favours those who have, blending both ideologies, in different sectors of economy, countries/societies can see meteoric rise
Rob Hersov should put his money where his mouth is, start a political party before the 2026 elections.
We need a party that is run by big business leaders, our whole parliament is a mess.
There are parties like that but poor people in SA don’t vote for parties run by white rich people.
Cudos for Trump, the world needs a Trump right now like never before.
There's a big difference between free market capitalism and a group of a few controlling everything. Capitalism has evolved into something incompatible with the free market, at least the way it is practiced in U.S.A, EU and South Korea & Africa
The problem with capitalism is it tends to capital concentration. Thus making a large portion of the population surplus to requirements. Eg South Africa.
He is too arrogant and stupid 🎉
People must read Why Nations Fail
We have no capital and so also no social life.. we've been robbed...for the layman....
Socialised losses and privatised gains (e.g. bank bailouts), externalities, and the corporations' prioritization of the profit motive at the expense of the health of the public and environment (crisis of the commons). These are the things that make me sceptical about capitalism. China has shown itself to be more successful at price deflation, i.e. passing the benefits on to individuals via lower prices, than the capitalist countries who use monopolies, cartels, tariffs and other "pricing power" strategies to keep prices elevated. One could argue that Trump is for non-competitive behaviour when slapping tariffs on cheap imports, but it's understandable that he want's to protect U.S. jobs. There are two sides to every argument, and one man's terrorist is another's freedom fighter, so when I hear one-sided arguments like this, I raise an eyebrow. A.I. and robotics will probably make these discussions irrelevant in the coming years anyway.
And India?
Most level headed response
Didn't Rob say he was finished with his role as activism? Confused.
He did, but Rob and Stellenbosch are liars. The only honest thing Rob ever said was that South Africans were all on our way to be millionaires in the 70s… Stellenbosch owes the Afrikaans community trillions as it’s been 50 years since Democrats took over from the Nationalists… Rob is a fraudster
He said he is quitting politics
I'm a proud Capitalist 😍
Do you feel for your fellow humans?
@@mark_sugar42 Ever heard of something called enlightened self interest?
@@madeitthroughentertainment1658 I cannot say I have. Why?
@@mark_sugar42 That's what Capitalism is to me.
We should have statues of Lord Baden Powel who started the scouting movement.
Rob you are in the debt. Your talking do not much. Use your money to jail Ramaphosa, the DP and the ANC ministers for their corruption. Only then you are doing something positive for SA.
Much love from Namibia🤍🇳🇦
So explain that bastion of capitalism, USA's $35 trillion debt? And Europe sinking into a quagmire of debt. Kom nou, slim koppe!
Social capitalism already does exist but is not implemented ever in the way to should be
Rob Hersov is a dumb guys idea of a smart guy.
South Africa is a clear example that capitalism has failed
Nduna Visible
Rob Hersov a great SA'n, He could live anywhere in the world, but he and his wife have chosen
SA to be their home..We need to keep talent like him in SA for this country ever to succeed.
How is his Winelands airport progressing?
Is inheriting money from a family that benefitted from racially discriminatory laws against the indigenous population a talent now? Wow
So Rob i asked chat GPT countries with Business people statues.
Your a good businessman yes but you didn’t manage to make impact in SA politics so critic buy stop insulting something you failed dismally.
Not what your higher percentage black citizen in the country wants to hear; then they must work. That is totally against their grain.
Yet those same people are probably up before you and get back home after you, earning less than a quarter of what you make. A little compassion can go a long way.
@TaguKhan with a little bit of help. Less indoctrination in the wrong direction. These people can become much smarter, work smarter and the fruits of their hard work can multiply by 100 fold.
We want the mineral resources in our hands. It is Black African men who are sweating underground extracting these minerals for the benefit of Whites. Which work are you referring to? Domestic servants are working hard in the houses of their masters. They are Black and African.
Promotes trump that says it all
It’s so surprising that this level of arrogance is not questioned.
Hersov joins trump/musk bromance.
TRUMP 2024!
This guy doesn't look well
Mbuyazi, first thing that came to my mind.
Just old
Then what the HELL is your President not mine doing in RUSSIA.?..?...?
He is not our president
Elon needs another job as much as hen needs teeth 😂
“Since this is an era when many people are concerned about 'fairness' and 'social justice,' what is your 'fair share' of what someone else has worked for?”
― Thomas Sowell
I would not consider myself a pure capitalist but I am a free market supporter, or in other words an anti-communist. A free market necessarily implies that concepts like equality only apply to the few aspects of society where they make the most practical sense, such as before the law. Applied anywhere else and they become a burden of inefficiency that does nothing but drag the country down. Futhermore, any system of authority that discourages free speech is by its nature incapable of self-improvement. If citizens cannot point out where a government is failing, how is it supposed to know where to utilise resources most optimally? Most importantly, however, any authority that dissuades free speech also dissuades creativity and innovation, which are the lifeblood of entrepreneurship.
Lazy thinkers with hideous opinions on both sides😂
Here in the U.K. these socialists scare me big time! As always Rob talks such sense.
BS
Speaking like a BOSS. Give this man a statue. Countries on top of the happiness index . . . Is Finland, Denmark, Iceland, Sweden, etc. fundamentally capitalist? (Nordic model)
Nordics are “capitalism with a heart” which is what Rob calls “socialism”. Capitalism in Rob definition is “winner takes all, go away you unemployed guy - lift yourself by your own power” 🤔
Imagine having Rob as your mentor!! The future
Look on the bright side. The fact that they're now saying socialism has never been tried PROPERLY means they're at least admitting socialism has been tried in the past and failed. Baby steps in the right direction I suppose.
Do you honestly think that this message will get through to these clowns
Interesting, my grandson of 8 years dreams of been bigger than Elon Musk his extremely interested of how Elon got to where he is how he did business and how he became a hero. Well we were told at the age of 8 he should still want to be a fireman or policeman so he was diagnosed with a mild form of autism because his obsessed with Elon Musks life and business. So Rob is right socialism is taught and expected in schools universities and any one thinking different is labeled
Inclusivity is capitalism's big problem. South East Asia got the balance right between inclusivity and economic development and inclusivity. Why? Education. If capitalism misses out on education won't last long.
Cudos for Trump, the world needs a Trump right now like never before.