Added: 2 months ago
From: diogotomediogo
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  • The only thing being proved here is the fact that one who edits a debate is capable of proving that someone who hasn't won an argument did it.

  • what a HACK you are ! "WITH A SMALL LOSS OF FREEDOM" is OK for the greater good acccording to PJ. Look how many losses of freedom we have now for the Progressive Utopia. Brother you need to have your head removed from your keester.

  • I'm not saying Peter Jay is the best debater, but he seems to bring to light here how Friedman uses poor examples (such as ones over a hundred years old) and avoids questions to advance his arguments. If you want a good debater for austrian economics, look at Hayek.

  • I suppose anyone can look like they get "Owned" if you keep editing down their answers.

  • If the facts matter, Peter Jay brings up good points.

  • Peter Jay owns Milton... again. Nothing new here.

  • THE RECENT HISTORY OF WHAT ACTUALLY HAPPENED IN THE UK & THE US AFTER THIS DEBATE COMPLETELY SIDES WITH FRIEDMAN'S AND SOWELL'S POINTS. PEOPLE LEFT GREAT BRITAIN FOR THE US DUE TO TAXATION AND WE SEE MASSIVE IMMIGRATION PROBLEMS AND SPECIAL CLASSES BEATING WHITE PEOPLE IN THE STREETS. ALSO PEOPLE LEAVE TO GET HEALTHCARE BC GOVT. HEALTHCARE SUCKS. PEOPLE IN THE UK HAVE BAD TEETH AS WELL. SCOREBOARD

  • @knightd00b hahaha, what are you talking about Britain had population growth through migration to Britain, not away from it. Scoreboard, 0 (you) 1 (Peter Jay)

  • @VassiliZaitsev12 The immigration thing aside - the socialist income equality policies of the British Labour government have not lead to greater economic success for all in the UK, instead the economy is on a steady and dangerous decline. That was my main point. I also do not think the immigration influx is a positive thing for the UK. Scoreboard 2 - 0 for my team. Are you going to try and tell me that the UK economy is great and looking better now?

  • @knightd00b So you made an erroneous statement about taxation and immigration, and then you changed your argument to struggling economy. I cannot sit here and say GB economy is great or going to get better. However, what I do see is the US econ destroyed when Bush was in office due to a free market that didn't have any regulation on sub-prime mortgage. Thus, global econ went down and in turn GB econ tanked. China a country full of gov control is on the rise and said by everyone to do better

  • @VassiliZaitsev12 I stand by my claims that socialist financial policies don't work and 3rd world immigration is bad for western society. I say that failed socialist policies are at fault in both the UK and the US for some if not most of the financial problems in the economy. Also at fault is centralized banking and fractional reserve banking policies. Freddie & Fanny were Govt. institutions who should have been allowed to fail. Banks were told to give loans by the Feds. It was top down.

  • @VassiliZaitsev12 Also - Socialist Democrat Barney Frank was in charge of the financial oversight of Freddy and Fannie May. It is a documented fact that Republicans lobbied over 20 times from 98 - 2007 for an investigation of Freddy and Fannie and were blocked by Frank and other Dems. This was a chance for a money grab, cook the books, screw the people over and blame the free market system all in one fell swoop. Worked great.

  • @knightd00b What are you talking about with Freddy and Fannie May? Newt Gingrich was working for Freddy and Fannie May. So, I don't know what you are talking about with republicans trying to investigate. If anything republicans want to keep gov out of business, thus would not want to do a investigation. Dem are the ones that want regulation in the market. Republicans are the ones that fight regulations. So, I think you are confused on this whole situation.

  • @VassiliZaitsev12 Very few Repubs are true free market capitalists and not all Dems are socialist pukes. However, SOME (few) Repubs do try to make sure that existing laws are enforced and market bubbles aren't created. It is a fact that McCain lobbied congress over 20 some times regarding Freddie and Fanny. Newt Sucks, he counts as establishment trash. Link - watch?v=mnuoHx9BINc

    Link - watch?v=BLB22Y_YHNo&feature=re­lated

  • @knightd00b Yes, the ideology behind each party is deeply rooted in this idea though. Liberals want government, thus regulation. Republicans believe in small government thus no regulation. This is the core ideology of both parties. John McCain was considered a maverick meaning republican working with liberals. I had respect for John until he sold his values when running in the 2008 election. He turned his views, or a flip flopper.

  • @VassiliZaitsev12 I agree, I think Libs believe that the power should reside with the State, and Conservatives (not nec. repubs) believe that the power should reside with the individual. I lost respect for McCain when he took such weak stances on illegal immigration and also supported the recent NDDetention act. The private sector is capable of self-regulation - such as the UL labs. All electrical parts must be listed by the UL. It certifies that parts are safe for the whole industry Non-Govt.

  • @knightd00b Well, the market isn't capable of self regulating most of the time. That is what economist call market failures. Take for example pollution, the public if given a choice would not spend more on a product to reduce pollution. Thus, companies show little sells in cleaner products and they decide to market such products less. This leads to less choice in the market place even if someone wanted to have cleaner products. Thus, the free market here has a failure.

  • @knightd00b So, if I listen to people around the world China is the new power horse in coming years. Which is strange because America compared to China looks like a pure free market w/o regulations from gov. China heavy regulated is moving towards a freer market in the last few decades and that is why you see so much growth. At the same time china growth is amazing, with such heavy gov regulation. So, I see a success story from China because we all know that China is not going to give up power..

  • @VassiliZaitsev12 Here is the thing about China - They have gotten fat & rich selling labor and manufacturing to the world, but their system and lifestyle never would have worked if the the things they built weren't already invented & created by the US 1st. Planes, Automobiles, Computers, TV's, Cell Phones, Software, Hardware, toys - virtually all of the ideas & devices started here, made us rich & now they are making them. They did not create them though. They could not get rich W/O us as cust.

  • @knightd00b China has gotten rich because it has moved towards a free market system not because America invented things. My point about China is that even though China is moving towards a free market it still has massive government control, or at least compared to America. Thus, what I am saying is that we see growth and wealth in a market based system in China with government interference. Thus, Friedman's assertions about government regulation not allowing growth is clearly wrong w/China

  • @VassiliZaitsev12 America created the wealth to begin with, that is undeniable. The wealth was not there before and it was created here. America's wealth was built on wealth creation as opposed to looting from others. Chinas movement towards the free market has been good for them and should be good for us if we weren't doing the opposite. Corruption is a human problem & will be true regardless of any political system. Better to have corrupt business than a corrupt govt. We have both!!!

  • @knightd00b Yes, but my point is that China is creating wealth with the ideology of "looting from other's". Clearly China's movement towards a free market is making them stronger, but not without government interference. That is a note worthy point government involvement that is too much destroy's economies, but loosen it enough and you have a controlled economy that has rapid growth and doesn't have as wild recessions like America.

  • @VassiliZaitsev12 I believe that government has it's place. I think anarchism would not work, because of other existing states moving in to fulfill the void left in a state-less society. But, I think the best thing a government can do is get out of the way. A government needs to step in and protect peoples right's. When you have government corruption and the that govt. is so powerful that you can't do anything about it, you are screwed. Business can at least be prosecuted for illegal activities.

  • @knightd00b You are right on the money. Society's goal should be to get to a minimal amount of government. However, if market failures occur and private parties can't or refuse to fix them government needs to come in. Ideally, society would not need government if we lived in a perfect world. We all know that we don't and market failures happen, but our idealistic goal should be to get minimal gov where companies are honorable trust worthy and which they simply don't need oversight.

  • @knightd00b - Anarchism has already worked. Unregulated capitalism has never even existed because elites understand it cannot work. For now we do need government to put in good regulations to help the general population and the ecosystem that supports all life. The government corruption you speak about is being influenced by big business. They send in experts to fool leaders. Leaders don't understand all aspects of economics etc; and look to these supposed experts for answers

  • @knightd00b part 2: WE know China is not going to give up gov control over the econ or society, so I see a balance between free market and gov. China is a good example. Thus, I would argue that Friedman wasn't a 100% correct on gov in the econ. Thus, scoreboard 0 - 2 not your team.

  • @VassiliZaitsev12 What is it a good example of?

  • @knightd00b gov having a hand in econ

  • @VassiliZaitsev12 Back to the immigration thing - Many of the wealth producing native british have left the UK and the immigrants who replaced them did not replace their capacity to grow the economy. The economy is down and going further down with more and more of these immigrants from the middle east and africa.

  • @knightd00b The US is doing terrible right now with nearly 9% unemployment which is worse off than the UK. So, a brain drain to America is unlikely. UK has also increased it’s restrictions on immigrates coming in, for example work visa is required with an advance degree. According to one of the think tanks this information of net loss migration has been the same for every recession. So, this has nothing to do with taxes.

  • @VassiliZaitsev12 And the true unemployment rate is actually near 18 percent because people that are no longer collecting and still have no job are not counted. This is happening because the banks smashed the world economy and capitalists are now pitting the Chinese economy against ours. Meaning they found their new slave labor camp and the chicken is coming home to roost. This is done purposely to get Americans to work for nothing.

  • Interesting. Finally someone that wasn't a house mom, or an unprepared host. What an awesome intellectual debate with Friedman. I had to watch this twice over to hear what they were saying.

  • It's was absolutely ingenius that Peter Jay actually attacked Milton Friedman's ideology from the very philosophical foundations. He went directly after Friedman's abstract definition of "individualism," which seems to be based on an over-glorified myth, or an outright LIE!

    The problem is that this definition of individualism does not interact realistically with the other important factors that do exist in the real world! Friedman works well on paper, just not in real life.

  • I disliked just for the pathetic title. Friedman had a lot of interesting things to say.

  • friedman does get owned, if you have your leftist blindfold and earmuffs on.

  • @UltraProle21 Friedman doesn't get owned if you have your conservative blindfold and earmuffs on. You see what I did there?

  • @NocheezRecords no, you are wrong. When you try to apply moral standards to economics, you get a disaster. The ONLY way for people to enjoy capital freedom and the opportunity to grow with regard to income is by the free market. The programs you support don't help the poor, they hurt the poor. That is a fact.

  • Friedman is just so wrong. His policies have caused abysmal conditions. People who are in society MUST HAVE A SOCIAL CONTRACT unless they work completely outside of it with ZERO help. His ideas are absurd to anyone who has even a smidgen of ethics. Having aquired massive amounts of wealth in a free market would not result in a free market, but instead tyranny. It's an obvious point. when are folks going to see we don't need kings, owners, we need people controlling production, communities.

  • @NocheezRecords Yeah great economies like cuba, venezuela, russia, zimbabwe and other countries with strong 'social contracts'... Great examples of really great economies!! Not in America, with virtually no 'social contract' where we invented flight, automobiles, TV, the internet, computers, the ipad, airplanes, the atom bomb, the jet engine, the telephone, the telegraph, Windows, Mac, and just about every cool thing in the world. Yeah free enterprise sucks..

  • @knightd00b Those countries you mentioned are trying to break from the US neo-liberal economic system which had them living under horrible conditions for the last 100 years. Since the US system is global they shut people out with sanctions and embargo, that is why they struggle. The World bank, IMF, economic system control the globe. When countries want to use their own resources to benefit themselves they get shut out, and called evil and even get bombed. You're clueless.

  • @knightd00b Who's *we* shitwit? You didn't invent any of those. In fact, the 'people' who really invented those weren't even people: Boeing, Microsoft, RCA, General Motors, AT&T. The United States maintains the illusion of freedom for the sole purpose of 'farming' innovation and invention, to be packaged once developed and shipped off to monkey-labor China.

  • @knightd00b Bet you can't answer this one: Is it government regulation that causes a firm to extort your intellectual property in exchange for your employment or continued employment? We know you are a craporate man-whore, but do you spit or swallow after slobbering all over their members?

  • Thanks for cutting up and editing the video dickwad, 2:29 : Everything jumped for a second and the audio changed. Following times look strange, changed or skipped. 5:57 8:04 (You clipped the dialog on this part) And the ending, wasn't even the ending of the entire film, you just fucked around with whatever movie maker software you found and produced this one sided, Fox channel like, shit stain on youtube, Delete the video.

  • You can't even selectively edit this video to make him look bad lol

  • lol milton friedman is the only one with a logical basis to his argument.

  • How exactly is he owned?

  • where can i watch the full debate?

  • Comment removed

  • @onepiecefan74 commonsensecapitalism.blogspot­(dot)com/p/free-to-choose.html

  • @onepiecefan74 I posted the compete "Free to Choose" series on my channel. It is a fantastic series that begins with a 30min episode on Milton's ideas, and then 30 min of vigorous debate by conflicting minds. I wish people still had discourse like this. =)

  • Comment removed

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