Philosophy Tube Debunked—Neoliberalism Explained

Philosophy Tube like many others in Great Britain wrongly conflate what we have been living under since the 1980s as being capitalism, he wrongly conflates capitalism with corporatism, most importantly, however, his argument on Neoliberalism is filled with many erroneous claims that I debunked.

Philosophy Tube much like knowledge hub makes erroneous claims about the wealth gap, this argument I have provided numerous times before, you can find two videos I have tackled on this argument:

• https://www.youtube.com/watch?v=e_Izbn5j_9Q
• https://www.youtube.com/watch?v=HC9KNt8-T4g

Much like others I have done video responses on, he doesn't understand the role of prices and the importance of consumer demand, he seems oblivious to why liberalism is important for consumers to choose and fails to comprehend why the government cannot allocate scarce natural resources efficiently. Also, as he states providing for everyone's needs, it's a misunderstanding of the study of economics.

Neoliberalism was a made up term by the opposition to capitalism and as I've pointed out many times before in the past, the most successful economies are those strongly free from government intervention.