The Failures of Laissez Faire Libertarianism, Deregulation, and Free Markets

[MarmaladeINFP]

Do some research on vulgar libertarianism and thin libertarianism. And then do some research of the leftist origins of libertarianism.

[economicsjunkie]

@MarmaladeINFP OK, done. And?

[heavenlyboy34]

Krugman? The same Krugman who not only failed to predict the economic collapse but encouraged more of the insane policies that caused it? I hope 1234 is correct and this is satire, because I can only laugh at it. :D

[economicsjunkie]

@heavenlyboy34 Yep, THAT Krugman! :)

[19TEC85]

Yep. It's all George Bush's fault, for being a small government ideologue. He came in , cut taxes, abolished 5 federal departments, abolished the central bank, avoided wars at all costs(wars that would have acted as great public works programs that would've stimulated the economy), and balanced the national budget which threw our economy into a deep depression. We need central bank fiat money, inflation, wars, regulations and a 20$ per hour minimum wage!

[economicsjunkie]

@19TEC85 Very nice! :)

[Idol2011no]

4:11

I lost my patience when he said Naomi Klein, so I'm outa here.

(psst, I wouldn't be too surprised if the video ends with "haha, just trolling", but this guy appears too sincere and stupid)

[economicsjunkie]

@Idol2011no Just for fun, give it a listen til the end and THEN decide :)

[Idol2011no]

@economicsjunkie, if I want to listen to a guy after he has praised Naomi Klein as a genius, Naomi who can't place three sentences in a row without contradicting herself?

No thanks, I rather have my neigbour's dog fuck me in the ears.

[economicsjunkie]

@Idol2011no But I think what you're missing is that we're in agreement you and I ...

[Idol2011no]

1) @economicsjunkie. alright then, assume your tube is a wave riding sarcasm and I would understand this if I listen it though. Then your argument must be: "Hey, you libertarian critics, your claim deregulation doesn't work is invalid because we never tried it", which is a strong and valid argument. Sadly I just don't think you get though to dumb fucks which includes Democrats, Republicans and liberals. %

[Idol2011no]

2) @economicsjunkie: What they see is a single set of lift of regulation resulting in severe damage, believing it's possible to come to true conclusion from a few events. When using irony you're assuming there is a reasonable brain on the other side, the fact rather quite the oposite consider they in fact support steal- and share mentality and legalized force against the innocents will be in favour to them, they who are so called weak. They are dumb fucks, far too dumb to get info though irony.

[quantumG]

@Idol2011no wow, you're a deadshit. It's called "satire". Do you Americans need a big blinking sign that says IRONY on the wall or what?

[Idol2011no]

@quantumG, no, which you should be able to read into my text if you were not that lazy, or dumb. All though we do understand irony, I must say we prefer straight shooters. Irony is dishonest and usually an output from people who are too lazy to learn to argue reasonable to support his position, which in the end is always more effective.

[economicsjunkie]

@Idol2011no Well, I would say that in my experience arguing with people, that humor can go a long way in letting someone's defenses down. I'm all for honesty and truth, but it helps to prepare a cozy comfy bath for people before hitting them with hard facts. Have you ever tried that? Has it not worked in your experience?

[economicsjunkie]

@Idol2011no I couldn't disagree more, I think these people are for the most part pretty intelligent. I mean, for one, they have a whole lot of power over us. If they were really so dumb, then one could argue that we are actually complete retards =)

[Idol2011no]

@economicsjunkie, statists stand to Gov't as a gorillas stand to their feeders. There is how much intelligence.

Ya, I did try humor and even more, I have observed how effective it is when others are using it. It doens't move people, in any direction. All you get out with irony is: "what I'm saying is not important".

[clintcastle]

This is precisely the type of bullshit i hear from liberals

[silversnowsnake]

Insurance prices going up because there's no government in health care? Biggest joke of the century :))

[mutva]

great video, great points. All the angry Lib's can scream and shout at the evidence history has provided on what happens to markets that are controlled by 1%

[1234LETStartAwar]

great satire 

[utubehayter]

Oh! I love this video. It clearly shows that libertarianism has clearly failed. hehehe

[CompScienceIsFun]

Great video. ; ) I laughed at the many comments from people not realizing your video is a facetious response to the State loving drones.

[economicsjunkie]

@CompScienceIsFun Thanks much CompScienceIsFun (I agree by the way ... it CAN be fun :) )

[AroundSun]

No, that hasn't been the failure of free markets. It is the cushy relationships between big business and the federal government that is the problem. Naomi Klein? Are you serious? What's next, Noam Chomsky? Michael Moore? What a joke. The successes of capitalism are often attributed to statism, and the failures of statism are often attributed to capitalism. Gee, I wonder why. Maybe a push for more subsidies, taxes, and regulatory bodies? How do monopolies form in free markets? They dont

[economicsjunkie]

@AroundSun I'm sorry, but you're either playing with me or you haven't paid attention to the whole video ... it's quite flattering though that I seem to have played the statist bonehead so well and convincing. =)

[chance1627]

SARCASM



[seanmc30]

I see what you did there.

[nagzi20]

hah...the sarcasm and satire was pretty good. I'm surprised there were a few people who didn't get it.

[TheFrankFactor]

Interesting. So the first depression... not enough deregulated capitalism I guess. We went wrong by thinking that market forces wouldn't lead factory employers and corporations to just be nice or else we won't buy your shit! LOL! FUCK LIBERTARIANS. The real world ahs never and will never sustain this social and economic equivalent of the Unicorn.

[economicsjunkie]

@TheFrankFactor Interesting you should say that, since you're using a voluntary medium with no initiation of violence to get this message through to me. And I assume you do many other things in your own life without aggression. So I think it is fair to say that peaceful interaction is a bit more present around us than unicorns. That having been said, I would just point out, in case it's not obvious, that unfortunately you forgot to supply any arguments against the facts presented in this clip ..

[TheFrankFactor]

@economicsjunkie Really? Do you know anything about turn of the century labor practices in America? Triangle Shirtwaist Factory, for one little item? The fact that YouTube can't burn me alive in y own home really is quite "special" and all but has nothing to do with the topic. FAIL!

[economicsjunkie]

@TheFrankFactor I hate to be captain obvious, but unfortunately, once again, you forgot to actually refute any of the theories proposed in this video.

[AroundSun]

@TheFrankFactor What about the triangle fire? Are you saying that it was the EVIL FREE MARKET that did it? It was murder by the greedy rich white man? Corporations and capitalism did it?!

[AroundSun]

@TheFrankFactor "So the first depression... not enough deregulated capitalism I guess"

You're right. It was a failure of the federal reserve. The biggest contraction in the money supply in history happened after the fed was created. The largest depression in history, after the fed was created. The recent recession, federal reserve causing asset bubbles. Dummies like yourself don't understand where regulations have led to today, as well as anti-trust laws, and corporatism.

[economicsjunkie]

@TheFrankFactor I have another video on the Great Depression titled "Austerity, Hoover, Wars & The Great Depression", just in case you're genuinely curious, open, and interested ;)

[Pinkers28]

Got to mises dot org and search 'the forgotten depression of 1920' and educate yourself. We look forward to your response....which will never come of course.

[economicsjunkie]

@Pinkers28 TheFrankFactor is too busy insulting and humiliating people with inane, boring, antiquated, and repetitive hogwash, while deluding himself into thinking that he's actually adding anything new or interesting to the debate. Don't disturb him! ;)

[jgulbrandson]

Unrestrained free markets? We've had anything but... I could spend all day debunking your misinformation, but the great folks over at Ludwig von Mises Institute do it much better than could I, check out the article "Why Capitalism is Worth Defending." The jerks on wall street are tools of the state and not practicing true free market capitalism, only giving it a bad name. The market collapsed because the state will always eventually fail when trying to control or influence the market.

[economicsjunkie]

@jgulbrandson I think you might want to listen to the clip in its entirety, and I promise you 100% you will take back this comment. Just give it a shot :)

[cjult13]

@economicsjunkie nooope

[Salvysahagun]

to Economics rtard,

Not one Keynes Economist predicted the crash of 2007

The only people who predicted the economic crash of 2007 where all... well libertarians?

Peter Schiff, Ron Paul, Lew Rockwell, all saw it comeing

[economicsjunkie]

@Salvysahagun Yes, I agree.

[economicsjunkie]

@Salvysahagun I think you might want to listen to the clip in its entirety, and I promise you 100% you will take back this comment. Just give it a shot :)

[djdnauk1977]

this guy seems to just be saying the opposite of whats true... either its a dry attempt at sarcasm or this guy doesnt have a clue about anything...

[economicsjunkie]

@djdnauk1977 Just a dry attempt at sarcasm. At least I would hope that it's not that I don't have a clue about anything! :)

[djdnauk1977]

@economicsjunkie hahaha my apologies i should have known! just noticed in subscribed to you, which would have indicated this was sarcasm as i dont sub clueless morons (if i can help it), i should have known!! all your vids are great, keep up the good work :)

[economicsjunkie]

@djdnauk1977 Aww thanks mych for the kind words, I like the videos in your profile, too. What a breath of fresh air ... :)

[economicsjunkie]

@djdnauk1977 Aww thanks much for the kind words, I like the videos in your profile, too. What a breath of fresh air ... :)

[djdnauk1977]

@economicsjunkie no problem & thanks! much appreciated :)

[s0beit]

It angers you? You just called "the last 4 years" unbridled, unchecked markets? You are a clown. Your Youtube username says "economicsjunkie" but you've just ruined your credibility completely in one. single. sentence. Regulations CAUSED these last 4 years. The housing bubble was also related to the tech bubble of the 1990s. This bubble was years in the making, not just 4 and you're deluded if you think otherwise. You're ESPECIALLY deluded if you think it was the 'free market'. Make me laugh.

[economicsjunkie]

@s0beit My friend, you might want to watch the clip in its entirety first. I GUARANTEE YOU 100% that you will take back this comment then ... =)

[Carnei]

sarcasm much?

[hyroglyphx]

Ah, right, the total and complete failure of something that hasn't ever been implemented. Thanks for the revisionist history lesson. You read too much Howard Zinn.

[economicsjunkie]

@hyroglyphx Watch the clip first, then comment on it =)

[crazybasement]

as we say in jockland this bawbag's away wi it

[nurbSoldier]

4 people are idiots without any argument.

[GeneralEAwesome]

@shadowgeyser - "DA FEDWAW WESERV IS LARZAY FAIW! ITS TWOO! WE NEED MAW WEGUWATION TO STOP OUR FWEE MAWKET!" People need to learn that the US. is not a free market.

[lukeev]

Great video! :)

[lukeev]

Great video!  :)

[OscarVega92]

great job on this man

[carcabe]

Thanks for posting. I find it so insane that people actually blame this mess on laissez-faire capitalism and deregulation. Totally out of touch with reality.

[economicsjunkie]

@carcabe ya, I would like to see this posted on some liberal forums, I'm curious how they would react :)

[evilsceptic]

Where are you from?

[economicsjunkie]

@evilsceptic I was born and raised in Germany

[PanzerDivisionBOM]

Massive thanks for doing this. I've seen a few of your videos, but this is the first one that I really liked. It's a great concept, and you really got the delivery down.

[economicsjunkie]

@PanzerDivisionBOM Aww, thanks very much for the kind words. I appreciate the interest. =)

[DKshad0w]

You're right. why did I vote for that libertarian Obama! Pulling troops out of Iraq and Afghanistan? Disaster! I should have voted for that democrat McCain.