During a recent Young America’s Foundation (YAF) speaking event at George Washington University, Daily Wire Editor-in-Chief Ben Shapiro took on one self-described “socialist” student’s attempt to explain the positive differences of socialism over capitalism and ended up refuting central premises of the student’s argument.
“Let’s say you own a pencil factory; I’m a worker in that pencil factory,” the student begins in the question and answer period of the January 17 event, video clips of which the student organization posted online (below). “You can have all the machinery, you can buy all the raw materials you want, but without me, and presumably many others like me, to assemble the pencils, all you would have is a pile of wood, yellow paint, graphite, rubber, and aluminum. That wouldn’t be worth anything. And that is worth less than the pencil when you try to sell it. And yet all of that value added by labor, apart from the wages you give me — which, if we’re being honest, there is a major power imbalance in our ability to negotiate that—”
.png)
.png)
