Red, White, & Sacrebleu: How American wines shocked the world

[rgomes629]

awesum wines

[santu300]

really its surprising! hearing about american wines,. a aromic show with lux demo.

[ChaosButterfly8]

Thunderbird and MD 20/20 are as essential as coffee and tea.

[thirstforwine]

This video is an interesting, well known, bit of history, but there are also a few errors and misrepresentations - for example it is not "The French Government" that directly limits how wine is made in a region but each region's OWN oversight body, the Appellation Controlee system.

I might also point out that the VAST majority of California's exports are not the high quality wineries your mention, but Gallo and other volume brands.

However, wine is now a global product, let's enjoy it together

[haypenny]

God Bless Mike Grgich and his beautiful vineyards.

May Nancy Pelosi's vineyard be beset upon by locusts.

[walterwlim]

Anyone notice the video is reversed when the French guy is speaking? His shirt is backwards. Check out the Ch Potelle label on his shirt.

[tomanyasses]

got news all the wine vines in france died and they used usa grapes to build there wine groves back ,who this dude

[Brezable]

lol, US wine, what a joke.

[arbide2]

The very last point was the best!

[hugolp]

Great video. Thanks.

[studio7manga]

Did you actually expect "R"TV to be intellectually honest and actually disclose that qualifier?

[fomastephanovitch]

Love hearing good news on the innovation front. Reason's been pretty pessimistic lately...

Wonder why..?

[DonMeaker]

you have two cows.

If the government takes one cow and gives it to your neighbors, thats socialism. If the government takes both cows and promises to give you milk, communism. if the government takes your cows and promises to sell you milk, fascism. If the government shoots you and takes the cows, nazism. If you shoot the government agent and steal another cow anarchism. If you sell one cow and buy a bull, capitalism. we need just enough anarchism to let capitalism work

[studio7manga]

You have two cows, you sell a credit default swap to your neighbor who agrees to pay you 30 cows value if anything bad happens to them in exchange for a payment of 5 dollars a month. Your neighbor then does this for 1000 other local farmers, then sells those obligations to a 3rd party and uses the $5k a month of income to reinvest in building projects in Dubai. When your cows die everyone owes everyone leading to systemic collapse & your neighbor goes bankrupt. The government bails you out.

[DonMeaker]

Without the government, you can only be taken by fraud or if you are willing. With the government you can be forced to participate...

[studio7manga]

Something tells me that Blackwater would disagree.

[Moragauth]

Something tells me Blackwater was hired by the government... oh wait. And why is it that Blackwater is treated as a criminal (which it is) when the gov't isn't? Something tells me you have no real argument other than snide "liberal" comebacks.

[Moragauth]

And enables it.

[studio7manga]

And what's to prevent, say Shell from hiring them hmm? Actually the US is considered criminal per many international treaties. I guess you didn't think your statement all the way through, but I look forward to your snide market fundamentalist comebacks.

[Moragauth]

No darling, I did. And the US is a criminal par excellence, no one is going to disagree with you.

[Moragauth]

Oh and btw Shell is free to hire them, as is everyone else who thinks they're worth a penny but do tell what Shell has to do with free markets?

[takerdust]

The" innovative" Communist controlled Chinese government is dominating the market by finding new ways to mass produce household appliances that break down in less than a year.

[truefictions]

Governments limit every ones creativity.

Peace

[NAGGERNUTZ]

Free market competition would make for better, lower cost health care too... but no, we have to have government control.

[CountArtha]

James Mason = sexiest voice ever.

[DonMeaker]

He had a great career, with roles in everything from Brutus in "Julius Caesar", Capt Nemo in Disney's "20,000 Leagues under the sea" and as the tired old regimental commander in "Cross of Iron".

[megsies]

Yay, an optimistic Reason vid. ;D

I love wine and I don't care where it comes from. I just want it to be good.

[studio7manga]

YEAH! This deregulation thing is awesome! Let's try it with California's electricity grid and the Wall Street firms! Oh wait...

[somercet1]

Fine, let's start with Fannie Mae and Freddie Mac... oh no, wait, those are the two *Government* Sponsored Enterprises that went bankrupt and destroyed the real estate market...

They also lobbied the Government; their two biggest recipients? Barack Obama and Chris "Countrywide Who?" Dodd.

[averagejoe040]

@somercet1,

It just kills me that these fools will never acknowledge that government oversight was a major factor in the real estate bust that led to the bank crisis.

The NINJA loans (No INcome Job or Assets) that banks were bullied into making by the Community Reinvestment Act and government pressure were a big factor.

Then, government offered to insure the loans via fannie & freddie.

This made these loans palatable.

Still, the idiots will insist that this was all caused by wall street.

[septawn]

Thank You! Someone else says it.

[studio7manga]

Actually these fools do acknowledge that it was a contributing factor, but are also aware of the fact that naked credit default swaps were the major factor. I think you're just be projecting your "all regulation is bad, ra ra 'free market'" fundamentalism on others.

[somercet1]

Not one company went under from CDSs. AIG guaranteed securitized mortgages and died doing it.

But tell me, oh financial gooroo, if CDSs killed the market, how many CDSs did Fannie and Freddie issue? They were the #2 and #3 to go bankrupt. No? None? Moron.

[studio7manga]

You realize you just contradicted yourself there right? CDSs were what caused the systemic risk. And it's not just me saying it, it's pretty much every economist who's worth a shit. But I suppose that's too elitist for your blood. Oh god the stupid...

Ah "good point" I suppose if there is an earthquake and two people commit suicide during the earthquake by shooting themselves, then since these two people died from something other than the earthquake the earthquake didn't happen!

[somercet1]

AIG is an insurance co. They insured mortgages. What is a CDS but an insurance policy?

[studio7manga]

It seems your problem, as is the case with most market fundies, is you're unable to understand the concept of multiple contributing factors. You might want to look up into that.

[somercet1]

"Multiple factors" *snort* Answer my simple question, boy: if Fannie issued no CDSs, why are they bankrupt? Why are they the biggest bailout recipient?

If I have a million mortgages, the govt requires I carry x% of cash as reserve against defaults. But if I chop them into sausage, a la mortgage securities, then the govt says I can carry only 0.4x% reserves. Recession hits, I have no reserves, collapse. Same mortgages, same risk, magically different reserve reqs. Now go ask Barney Frank why.

[Xtro2005]

I did ask and was told he was busy at one of his bath houses.  The man sure does shower a lot.

[studio7manga]

Boy? What are you, from Alabama? Or maybe Deliverance? Can you squeal like a piggy?

As for your, ahem, question. I already answered it earlier. I'm not going to repeat myself.

[Moragauth]

But you didn't answer it, you deflected. Now shoo, run along to whatever it is your ilk does at this time of day. Protest Wal-Mart or something.

[studio7manga]

Sigh... Once again. The banks securitize the bad mortgages then gamble with them on the derivatives market. About as simple as I can make it. Without the CDSs it would have just been a spike in foreclosures without a domino effect like we saw, but since everyone owed everyone on the over leveraged derivatives market, everyone collapsed, lending stopped, companies couldn't pay their employees, etc, etc. In some cases whole countries, like Iceland. Now shut the fuck up.

[Moragauth]

Not going to happen. The crisis wouldnt've had near the scale it had if 1) bad loans were not incentivised 2) risk taking was incentivised 3) money were not as abundant as water due to credit expansion and 4) even if that is true, it still explains an aggravating factor and not the actual cause of the crisis. BTW, what is a bailout if not moral hazard? ...

[Moragauth]

Dear, there is one key underlying contributing factor and you and all your other "economist" friends are blind to it... you might want to look up the fact called credit expansion and stop being a snotty little bitch. Just some friendly advice.

[studio7manga]

Oh look, the wise sage has come down from his ivory tower to dispense knowledge to the lowly economists. Let us all bask in his brilliance!

[Moragauth]

No no, to the "economists".

[averagejoe040]

@studio7manga,

No, I don't think you do acknowledge it.

Otherwise you wouldn't be charging me with complaining about regulation.

What our government jackasses did was not normal regulation.

The asses actually insisted that banks make bad loans.

Yes, they did.

[studio7manga]

No one is disputing that.  But only people with their heads up their asses think that was the only reason for the economic problems. Again, multiple contributing factors, particularly systemic risk, predatory lending, etc.

[Moragauth]

Multiple expressions of the main contributing problem*

[studio7manga]

Simple minds want simple solutions.

[Moragauth]

Hence your predicament.

[studio7manga]

Oh, and let's not forget over leveraging.

[studio7manga]

Golly, that must also explain why those "government is bad types" on Wall Street got so much money from them as well, after bankrupting their banks on the unregulated derivatives market.

[somercet1]

AIG got, what, $140 bn? That was the most of any private co. Fannie and Freddie got over $600 bn from Treasury, and another $1,200 bn from the Federal Reserve buying all their crappy paper. Plus, you'll find securitized mortgages begin with Basel II, as implemented in USA, Spain and UK, which is why Canada, France and Ireland didn't have real estate bubbles.

[qualityrkc]

yeh studio has you on this one. Even the fbi stats agree that it was cds's that fucked us.

[somercet1]

What the hell does the FBI know about finance, and where did you read this unbelievable factoid?

[studio7manga]

Presumably less than all the other financial analysts that agree with them, or maybe not. Never the less it's basically a consensus, CDS created the systemic risk that made a bad situation into a huge collapse.

[Moragauth]

Don't give a shit about what the "consensus" is. Meaningless word. A lot of people agree, agreement generates truth, even if we're dealingj with a bunch of retards with their heads up their rears? No. And don't try say they have PHDs. WoW. Must've taken years of econostrology to get that far. What created the bad situation in the first place? Who cares about the catalyst?

[studio7manga]

Then you don't care about science. Makes sense given your attitude.

[Moragauth]

No, I don't care about scientistic garbage emanating from echo chambers.

[studio7manga]

Typical right winger. Well outside of the reality based community.

[Moragauth]

Okie dokie. BTW I'm "left-wing", ie antistate.

[studio7manga]

Not economically. There's a difference between the collectivist vs. individualist economic dichotomy and authoritarian vs. anarchic social dichotomy.

[Moragauth]

The original liberals i.e. classical liberals sat to the left, not right... the term makes no historical sense even. So...

[camillo1234]

Since when is left-wing antistate?

[Moragauth]

The classical liberals were originally considered "left-wing" whereas the more traditionalist authoritarian conservatives "right-wing". Technically speaking that is the correct usage of the labels.

[camillo1234]

Since when is being a right winger means being outside or the reality based community (whatever that means)?

[studio7manga]

Since the fundies took over.

[somercet1]

Then how has every other panic occurred in the past, when CDSs were unknown? Reserves were set too low by the govt, then the recession hit, and every institution that hadn't enough reserves collapsed. As for the predicted huge collapse, banks only stopped lending after Uncle Sugar gave them the TARP dollars... you know, when they didn't need the interest money anymore.

And once more, Silent7Boy: Morgan+NYFed bailed out Bear. THEN Fannie/Freddie collapsed. Why so guilty?

[studio7manga]

Wow, your "arguments" are really getting pathetic now. Do you really want a history lesson? Protip: don't argue from ignorance.

"banks only stopped lending after..."

You're in variance from reality.

Seriously, market fundamentalists are just the creationists of the economic world. I suggest you get your information from a source beyond the ra ra free market echo chamber.

[somercet1]

Apparently, my arguments are so pathetic you must them for non-existent, anthropomorphic qualities, as opposed to, say, offering cogent counter-arguments.

But hey! The U.S. Treasury just raised the cap on TARP funds to Fannie and Freddie to $400 bn each! You know, the trustworthy and CDS-free GSEs whose bosses will make a cool $5-6 mil each.

You really don't get recessions and credit crunches, do you? Only the over-leveraged suffer and they do so regardless of the form of credit. Sad, boy.

[studio7manga]

You're about a week late for me to really care.

"Point out one problem, ignore the rest, claim your simplified view of reality is the right one." Basically why I don't buy your pathetic arguments, if I remember correctly we've been over this ad nauseum.

Except when deregulation allows mergers creating the "too big to fail" situation, but we've been over this ad nauseum as well.

Just another market creationist.

[somercet1]

Cry harder because I have a life, please. BTW, I would like to apologize for my mistake: the govt. took off the $400 bn cap each to Fannie and Freddie, the well-known govt fraudsters who called their alt-As and subprimes prime.

And again, little boy, you haven't pointed out *any* problems with my arguments: you still have no clue how Fannie and Freddie failed without CDSs.

And again, you've yet to point to a single private corp. that took down an entire economy. Tut, child.

[somercet1]

And thanks for the "creationist" tag; it is totally false as I am an evolutionist: govt no more created the market than it created the human species.

Which would make you, apparently, a Lamarckian.

Now, child, if you won't offer the examples I asked for, remain silent and let this convo end with me in possession.

[studio7manga]

Oh look the market fundie is out of original/decent arguments so it reverts to grandstanding ignoring the prior points made and ad hominem. What a surprise, more "reasonable" commentary from a "Reason"TV church member. The market creationist also misses the ironic point in calling him such, not surprising.

[Moragauth]

Golly, this must be a "liberal" with no clue about economists - why yes, it is!

[Aeschylus]

I ♥ ReasonTV

[TheATrain33]

They did, actually:

watch?v=kPHumGDA7I4

[soundmoneyfan]

I can't wait to get back to the central coast! 5 mile bridge is the best pinot in the country!!!

[sniper6081]

Aaah.  Maahaa.

[kainniak1]

great vid, and i don't even like wine

[jxwhit8]

competition... its awesome.

[BloodiCheeseCake]

This reminds of me of Pimp my Ride. The show is the same in Europe, but in Germany it's different. They don't have Pimp my Ride but Pimp my Bicycle instead because it's difficult to get a road permit for customized vehicles.

[takerdust]

Very manly

[grraadd]

The Incredible Free Market.

Too bad it is harder and harder to come by one.

[AshillaBeige]

I don't know if there even are any =(

[grraadd]

well put

Sad but true...

[Daniel44125]

My mother fled Communism is Croatia. I like this vid

[RemoSC49]

Good grief. Socialism even in wine making.

Great video!

[yoshi3329]

What a great story! 5 étoiles!

[bookhound63]

This is a great video but it leaves me wondering. I have seen the devastation in the San Juaquin valley due to EPA control of the water supply. Are these grape growers still doing well? Or have their vineyards turned to dust-bowls?

What our government is doing to innovation and the entrepreneur spirit is a travesty.

[rmblam]

It's like we are living an Ayn Rand or an George Orwell Novel depending on the news of the day, isn't it?

[thisisfunah]

cute, but cmon with the anecdotal evidence...

germany has very strict beer brewing regulations, and america's had the freedom... that doesnt make it any better.

maybe it's been helping america lately with all the microbreweries popping up?

[DoomHippie]

As a Milwaukee resident, I disagree. We have the best beer!

And the microbreweries are indeed a great thing!

[XCritonX]

Actually American microbreweries are catching German breweries in quality. Americans are also switching to wine which is reducing the demand for high quality beer so the progress might become slower now.

Where I live (Portugal) I can get a good local "champagne" for less than 2€, it is as good as a 100€ bottle of French Champagne. Our local white is surpassing the French (at 1/10 the cost). And we have some top reds as well. They are not well marketed so the demand, and prices, remain low.

[BrokenMikrofone]

Well, you probably would have said that about whine too, if you didn't watch this video :)

[somercet1]

How is Prohibition, and then a ban on home brewing, "freedom"? I am curious.