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Currently Playing: Is this Even Capitalism? - Barry's Economics

This is an attempt at re-framing rather than absolute economic analysis. (For any 100% Capitalism Absolute Haters out there) But if we can change the story we can change the path IMO.... You’ve been told that if you dislike inequality, monopolies, and rigged markets, you must “hate capitalism.” When people defend today’s economy, they often point to Adam Smith — the “father of capitalism.” But Smith what did Smith say about greed, monopoly, or concentrated power? This video explains: – What Adam Smith actually believed – Why modern capitalism looks nothing like his ideas – How markets stopped meaning competition and started meaning concentration – And why being angry about inequality doesn’t mean you hate capitalism Because if markets are meant to serve society — not the other way around — then it’s time to be honest about what system we’re really living in. I’m Barry Ferns – a comedian whose personal journey through failure, homelessness, and rebuilding led me to explore the socio and behavioural economics of inequality. This channel digs into how systems of power shape our identity, behaviour, and beliefs, and how we can shift the stories we tell ourselves and each other about poverty, inequality, and who’s to blame. How to Support Barry’s Economics Help us stay independent and keep making videos like this. https://www.buymeacoffee.com/barryseconomics https://ko-fi.com/barryseconomics https://www.patreon.com/barryseconomics Subscribe for future videos: https://www.youtube.com/@barryeconomics More about me: https://barryferns.co.uk/ You can also follow me on Tiktok: tiktok.com/@barryferns Instagram: instagram.com/barrybarryferns Twitter: twitter.com/barryferns If you’re new to this, check out @garyseconomics first – his channel gives the structural and financial perspective. This one adds the lived, social and emotional side. Support Gary's Wealth Tax Campaign Here: https://buy.stripe.com/dRm4gs9Nl1L6eqWbUydjO00 Want to see the stand-up side of all this? Find my live comedy and storytelling here: https://www.youtube.com/@mrbarryferns To learn more about my comedy club, Angel Comedy, and buy tickets for shows head here: https://www.angelcomedy.co.uk/ #BarrysEconomics #GarysEconomics #Inequality #BehaviouralEconomics #SocialJustice #BarryFerns #ComedyWithDepth