I'd still say it's about ancapism, they just call the current system 'capitalism' while 'proper' ancaps would say that we don't have a capitalist system.
@moffintosh@moffintosh Hmm. Seems like there are a lot of leaps of faith. Like, where did the Billy Bob real estate monopoly come from? Also, concerning Billy Bob's monopolistic lust for power, see pics related (from Machinery of Freedom by David Friedman, linked in this thread). I think both MoF (from what I've read so far) and the video you linked have the same problem. They both use thought experiments rather than empirical evidence. Cc: @lain
@Hyolobrika@moffintosh it's trying to build up 'gotcha' situations (that don't work), instead of engaging with the actual arguments.
For example, the $1000 disconnection fee. Every watcher of this video can immediately tell that THIS will come back to bite them later. Why shouldn't the people actually involved in this hypothetical scenario realize the same? No reason is given beyond "they are happy because prices are low".
Another example is the 'predatory pricing', that is, lowering the price of a product below its production costs to destroy a competitor. This is not a winning strategy, it is suicidal.
There's also a general tendency to ignore the consumer, or what effects things have on him. Let's say there was a 'predatory pricing' battle, what would that mean for the consumer? Lower prices! How is that bad? Who is paying for these lower prices? The 'monopolist' trying to kill his competitors!
Overall there's not much economic thinking in this video (or this guy's other videos).