The PROBLEM with Capitalism - Smarter Every Day 316
Channel: SmarterEveryDay
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Duration: PT3331S
Read a transcript preview of “The PROBLEM with Capitalism - Smarter Every Day 316” from SmarterEveryDay, uploaded on 2026-07-26.
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Language: English (original, creator captions)
[0:00] Can you manufacture something completely in America?
[0:03] That is still the question.
[0:06] In the first video on this topic, I explained how we tried to make
[0:09] a simple barbecue grill scrubber completely in America,
[0:13] and depending on who you ask, we either succeeded or we failed miserably.
[0:17] This started off
[0:18] as an engineering challenge for me, because my parents were auto workers,
[0:22] and I wanted to make something in America because that was important to me.
[0:26] But what I learned was way bigger than that.
[0:29] I learned about systemic challenges in our capitalistic system
[0:33] if you have no ethics applied.
[0:36] I learned about things like monopsony,
[0:38] which is a fancy word that we'll go into later.
[0:41] There are systemic level issues in the whole manufacturing thing in America
[0:46] that are important to understand, because if you don't understand them,
[0:50] you will trade short-term gains
[0:52] for long-term freedom and self-reliance.
[0:55] This little project has taught me so much because I thought I was just going to try
[0:59] to flip on some manufacturing
[1:01] capacity here in Alabama, but it's so much bigger than that.
[1:05] It's like kicking a hornet's nest, because now I understand the whole system
[1:09] has a problem, and other people are recognizing that as well.
[1:14] Today, on Smarter Every Day, we're going to dive into these issues
[1:17] and try to understand more about the importance of self-reliance
[1:20] and manufacturing in your local area.
[1:24] Let's go get smarter every day.
[1:30] This is my buddy John Youngblood.
[1:32] This product idea was his.
[1:34] My contribution was just wantin