If Socialists Understood Economics, They Wouldn’t Be Socialists.

Zohran Mamdani claims that "socialist principles" have saved New York City from economic disaster and as usual, he's wrong. Socialists, relying on Marx's labor theory of value, have long misunderstood how wealth is actually created. The Marginal Revolution in economics disproved Marx's theories within a few years of his major work, explaining everything from industrialization to the future of work in the AI economy. Check out the full episode here:    • Everyone Hates AI Data Centers. Do They Ha...   Subscribe and ring the notification bell so you don’t miss a single video! _____________________________________ Dad Saves America is a project of Emergent Order Foundation, a pro-liberty non-profit organization. Any dollar amount of value you derive from this podcast, please consider donating today to support our work. Make a tax-deductible donation to Dad Saves America: https://secure.anedot.com/emergent-or... _____________________________________ Purchase a T-shirt, hoodie, and more over on our merch store: https://shop.dadsavesamerica.com/ Another great way to support our work is by visiting our curated Amazon shop featuring our guests’ books and dad stuff I actually use. This channel earns a commission on qualifying purchases. Please visit & bookmark: https://www.amazon.com/shop/dadsavesa... Visit Dad Saves America on Substack: https://www.dadsavesamerica.com/ _____________________________________ Proud papa, filmmaker, entrepreneur, and arm-chair philosopher John Papola explores the biggest issues facing our country through the lens of fatherhood, releasing exclusive interviews and deep dives every week. We need to make sure the next generation of Americans is raised to thrive in a free society and be champions of civilization. Dad Saves America has hosted all sorts of experts in the studio, including Jonathan Haidt, Dr. Drew, Michael Shellenberger, Bret Weinstein, Vivek Ramaswamy, and Adam Carolla. #socialism #economics #ai