.. and give it to animal rights activists. War for good reasons, such as against the Nazis and right-wing muslim or christian religionists or against the anti-drug terrorists at the DEA, and take away THEIR money and property and give it to Ralph Nader, Amory Lovins, etc will benefit those who deserve it and punish those who deserve it.
Ralph Nader should have been president of the USA 2000-2008, and Cynthia McKinney now. Shitheads who voted for Demopublicans obviously hate money, don't need money or property, and LOVE shitting OTHER people's money away to those who don't do any useful work - corporate welfare military. There's nothing complicated about the economy: it's a zero-sum game. Take money from those doing either no work (CEOs, bankers) or work that hurts others (FBI, prisons) and give it to environmentalists &...
What absolute total bullshit. You never see talking heads like this going up against Austrian economists like Peter Schiff or working on a refutation of Murray Rothbard's "America's Great Depression", in an open and fair debate they would get annihilated.
In an interview in a clip from that Oliver Stone film, South of the Border (whatever it's worth: watch?v=fI446mXonu0) ex president Nestor Kirchner of Argentina recalls a meeting in which Bush said war was a good way to improve the economy.
In Britain too they generally mention the local huge arms industry on TV news only in terms of "job creation" or "job losses". Such as "x Zyklon gas factory is downsizing, meaning the loss of several jobs".
We ARE in World War 3 ! It isn't a Set Piece Battle against a visible foe its on 2 different 'fronts' (Iraq, Afghanistan expanding to 10 or more when you include Iran, Pakistan, Yemen, Palestine, N Korea, Cuba, Venezuela etc), against an invisible foe with no standing army, no Air Force and No Navy and will last 10,000 days or more unless we stop this nonsense. Casualties will be higher than Vietnam on our side and higher than World War 2 on their side.
USA just wait for the fighter jet that is perfectly control by remotely and without pilot and come to market in 2011. After that it will be very difficult for Iran to protect them self from USA 's invasion. This remote controlled fighter jet coming in 2011 will be superior than any other fighter jet in 2011. In 2011, USA can attack anywhere, they want without any rise of a US army.
keep dreaming of the day a remote controled aircraft can take on a piloted aircraft, you are so stuuuupid to think a remote control aircraft can do the job or a real aircraft. If it can it will cost 3 times more to produce, and that money can go to produce an even better quality piloted aircraft, the current drones have hardly any air to air combat capabilities, any low tech piloted aircraft can take it down, and it's expensive as shit, just good for video gamers, another useless USA tech.
Romantic notions of human capability aside, the fact is that the pilot, is the weakest component of any aircraft. The human needs rest, and its body can only withstand a maximum of 9Gs.
As for your argument about combat capabilities (assuming you mean dog fighting, as everything else can easily be accomplished by a UAV), modern AA missiles such as the AIM9X have already rendered dogfighting obsolete, due to their extreme off-boresight targeting.
@PsyTrip20 modern AA missile can also render any drones ineffective, in fact fighter jets can effectively be used to dispatch any such drones. These nifty experimental gadgets are only used in places with no modernized air defense, otherwise it's completely useless, whether as a spying tool, since the stealth drones can't evade basic radar systems, it's a technology used not to implicate USA troops launching stealth bombing on the Talibans, this is not T2:Judgement Day, common sense and facts.
#1: Drones can be produced off a factory line, human pilots can NOT. Do you realize how many millions are spent on the training of a single fighter pilot?
#2: The best way to neutralize modern air defenses is WITH DRONES (e.g. the Israeli Harpy system). Drones use kamikaze attacks, sent in their hundreds in enemy air space to saturate and confuse, overload enemy defenses.
SMALL NATIONS CAN DEFEAT LARGE ONES IN SUCH A WAY.
@PsyTrip20 mr armchair general, stop using theories to make up your arguments, first off they never had been a case where an 120 mill dollar drone was used in a kamikaze attack :), you can't possibly be that stupid, and second, it's far easier to launch a guided missile from air to ground, far more accurate and much harder to be taken down by air defense, this is not WW2 here where planes got no explosive, just shows how wild ur imagination is, or how backward ass you are lol.
Kamakazi drones dont cost $120 million you stupid dink. China bought the Harpy for a reason.
Quit arguing over subjects about which you have no understanding. Using manned air assets against air defenses is extremely risky (as common sense suggests). If you think its better to send a F-16J to fire a HARM against a radar site, then you are clearly as retarded as you name suggests.
If I had more time and patience, I would teach you a thing or two, but since I don't, enjoy your ignorance.
@PsyTrip20 why the hell are you calling me a dink? why use a kamikaze drone when you can just use a balistic missile which is far more accurate and destructive? i wonder if you got any common sense statement to ever make, apart from calling me a dink, a jap, a jew or a shylocke, i find it very racist and insulting, it makes my heart bleed. there's no such thing as a kamikaze drone by the way :) pls i have searched all over the web for kamikaze drones, found this : Japs bomb pearl harbour lol"
@PsyTrip20 the Israelis don't make weapons system they steal form the USA, like they steal from everyone, they are a buncha shadow lovers, they get handouts us, but then would backstab us anytime it is advantageous to them, sorry without the USA Israel is pretty much fucked.
A resource based economy rather than profit driven is the only solution. Governments make laws when they can't solve problems. Patents should be individualized and open for public improvement to stimulate the creative collective. The truth is that energy from natural forces create far more power in one second than the sum of our electric and nuclear power plants can in over a decade. Secrets are what keeps us restricted, the Truth shall make you FREE, Science has solutions and eliminates laws.
Dear John Q Public, War is a great answer to a depression. As a member of the wealthy capitalist class I see war as a means to buy and sell bullets, thin the useless lower classes, and gain access to a hostile nation's resources. Now if you are a member of the poor restless middle and lower classes go out and get killed so I can maintain my lavish lifestyle without worry that you'll turn a hateful eye my way. That's right, I'll say it, you poor folk are garbage.
WWII did not bring us out of the depression. What a Keynesian fool. If anyone cares to know what WWII did for the US economy read Robert Higgs "Depression, War, and Cold War". He's one of the greatest scholars on the subject.
Starting a war to stimulate the economy is so stupid.
If the politicians can find money to go kill people, then they sure as hell can find money to help people! But the rich only lobby government stimulus that helps them first, like war.
We try to find every excuse we can for war. We never bother to stop and think about those who suffer under the bombs.
I barely survived the tsunami and spent days in the hospital with dead bodies stacked around me. People feel so sorry for me for what I went through and experienced, but they turn around and cheer on wars that create the same kind of trauma and suffering.
As a survivor, I can never and will never support war. NEVER.
Holy crap man, what a traumatic experience, glad you are alright.
So true, If suffering by natural disaster is bad, why is suffering by war ok?
In fact the wars are worse because they do not end and there is only humanity to blame.
What about all the families ruined by war, the kids growing up without fathers/mothers, the unexploded ordinance that kills years after hostilities end (look at Laos!!).
Funny how those who push for war are the ones who have not experienced it....
Dear Professor Pollin.....perhaps you haven't noticed.....we have been spending on wars and in deficit for the past 8 years. Clearly this hasn't done anything good for our economy. Try again.
If there is another world war there will be protests the size of we have never seen. Unrest like we have never seen, because our planet would be truly under threat.
in every time whether in depression or war, zionists war mongers and banksters make huge profits and people suffer. and inept americans can't do anything to abolish federal reserve banks and criminal government. the u.s. is doomed.
These videos are a joke... I'm unsubscribing. Government spending a solution to our economic crisis? rofl. These news guys are fucking clueless. I been subscribed for over a year. I'm fucking done with the real news. Peace.
The so-called "spending multiplier" and "income multiplier" do not have independent existence. More spending does not automatically mean more pay if the percent of spending which goes into pay declines faster than spending is rising.
In fact, the reality that less than 100% of spending goes into pay makes it IMPOSSIBLE for everyone to live within their means EVEN WITH THE BEST EFFORTS.
Also, more spending in education does not automatically mean better education (No Child Left Behind Act).
An economic depression is usefull for war, this way you keep people worried about survival in a depressed economy than in the money spent on military industry, war = stealing people.
I live in Southern Illinois and we have a very high enlistment rate because the are no jobs and no future for young people here. I know of no one joining for "patriotic reasons" we are screwed.
Dear Punch, Obama is just another victim of the culture that generates, war, scarcity and corruption as it's norms. As the figure head of this society all his decisions will follow suit and result in ends that aid the aristocracy and burden the pions. Obama is the same stinking pile of garbage that any US president will ever be. If McCain had won... the outcomes would be fundamentally exactly the same. "Reject the systems dictating your norms."
Capitalism is what made our country the envy of the world (at one point). Government intervention has tarnished capitalism and now they are trying to blame the current situation on capitalism when if fact it is their meddling thats led us here.
Electronics is one of the best examples of Free Market Capitalism. Capitalism gets a bad rap because of corporatism, which is quite different than capitalism. Now lets be nice this time. Merry X-mas.
I'm very aware of how the Federal Reserve caused the Great Depression and how they were able to drag it out longer than it should have been. And yes I have seen a couple Ludwig Von Mises vids and started reading economics in one lesson.
@MrSuperpunch019 Actually, I find it to be very,very,simple! a water,food, knowledge, and home are all a God given People learned to make & grow their own.Money was merely an incidental and not needed. So, my ?;s are what else, do we need and why do we need it.
It's all about Population-Poverty- & Polo-tics. and how to control. "Keep it simple" as the Ole' saying goes!
Capitalism may have been what made THIS ONE country great. Yet it is also what makes SEVERAL other countries hell on earth (by comparison). Electronics are NOT an example of free market capitalism but the exponential growth of human enginuity which will eventualy find a way of flurishing despite capitalism. The technological age is about to begin and Capitalism, as it is now, will not survive it.
Nah, I won't try to cram an explaination into 500 characters. If you don't know the flaws of the system yet you don't know the whole story because there is no such thing as a utopia. As for technology, grab a book by Ray Kurzweil (great stuff) and put to bed any notion that technological proliferation requires capitalism. Low prices? You can no more afford today's super computer than your grampa could in the 60's. Capitalism is dependant on technology more than vise versa.
Back in the 80"s how much did the average computer cost? And how was the speed, performance, etc.
How much is the average computer today? How much faster and better performance do you get?
This is what the Free Market has done. Also take a look at plasma, lcd, dlp, televisions, these are more great examples of the impact of free markets. The governments job is to ensure there's ample competition, which they are NOT doing.
Back in the 80's a state of the art consumer model cost the same as an analogous state of the art consumer model does today. Only today's model is faster, and has more bells and whistles.
This is NOT what the freemarket has done. Also look at TVs (plasma, lcd, and dlp) they are even more of a great example of human enginuity but not dependant on free markets. The free market often hampers the proliferation of technology if it can't find a way of controlling profits from it.
But wasn't all the extra bells and whistles a result of the Free Market? It was competitors trying to put each other out of business, through pricing wars, and bells and whistles that ultimately led to the consumers benefit.
Also you have to concede a regular computer today would be a super computer in the 80's at a much lower cost.
The extra bells and whistles come from processing power and further advancements based on the advancements of the past. It is a chain reaction. If you learn obsidian blade technology and murge it with the stick you have a spear which allows you to eat better game which allows you to spend less time on the hunt which allows you time to invent the spear thrower which allows you to catch even better game which grants you more spare time.... you see where this is going?
"The free market often hampers the proliferation of technology if it can't find a way of controlling profits from it."
They will bleed the technology out to profit. Phones are a great example. If they came out with a phone that would open your garage, change the channel, do everything, then we would only need to buy one phone, rather than constant upgrading. But the Free Market insures Verizion, ATT, etc compete. But there has to be competition.
Well I have already recommended Kurzweil to you, at least I think I did, I recommend you check out his old 2005 speaking engagements on google vid. Fascinating stuff. I also recomend you google video Nanotech Nanotopia (Also mind blowing). Pay particular attention to nanotech assembler technology. Those devices will destroy capitalism as we know it. They could/will be built within our life time so it is time to start looking for new ideas about human social interaction and letting the past go.
Well I know forbes magazine whould have us believe their list is the end all be all. I have also heard about banking dynasties that could have even more money and I think you are alluding to these folk. Some of which are certainly American in that they were born and raised in America but I would bet that folk with that much $Deng$ wouldn't really need to worry about anything like nationality. They may or may not support Capitalism, but I say who cares. is Capitalism really the best we can do?
Of Kurzweil's books I have read these: "Fantastic voyage: live long enough to live forever"
"Age of spiritual machines: when computers exeed human intelligence"
"The singularity is near: when humans transcend biology"
For a preview of his ideas, just google vid them. He has several online lectures/debates you can check out to see if you want to invest time with his books.
Ok. Here comes the inevitable question: Who will make sure that the investments be made to healtcare etc. rather than the military? Who has the power to do that? This is the weak side of the US left. The problems are detected so well, but when it comes to solutions, they look hopeless and pessimistic.
You're mistaking the US Military for the US Military Industrial Complex. Santa was very generous to the industries that support the military, but the soldiers are still pretty poorly off.
lol in WWII the US went on a spending binge for things like steel manufacturers (industries that actually were hit) now there's a clan of companies that already control the war buissnes so there's no "stimulus" other then them.
is war the answer for anything ? besides maybe stopping hitler >.> coulda reacted different to the 9/11 bombings ... how about going over there and feeding htem giving them a better quality of life ... not htat i believe they had anything to do witht he bombings ... or go over there and find out why they did it ask whats up lend a helping hand ... kindness goes farther than war just saying ...
A government has no resources, hence, it cannot create jobs. It can only steal either resources from the private sector, borrow from other countries, or steal purchasing power, but in all of these cases, it destroys more jobs than it creates. Always.
I don't quarrel with the facts a liberal gives, but the ones they don't give. Sure jobs are created when the government spends money, and some domestic sectors may have more jobs created than others. But why not present how many jobs when the money is "spent" by giving tax breaks to small businesses and investors. These are the real engines of job creation.
THe reason so many americans are still using food stamps to survive is because Obama is spending all the money to save banks or spend it blowing up people in the middle east.
Someone tried to convince me that war is good for the economy. That same person tried to convince me that US aid to Israel is good for the economy and that if the US were to end all military aid to Israel "millions and millions of Americans would lose their jobs". I told him all his points are bullshit.
instead of activating an economy by manufacturing weapons and the stuff for war...cant we find something else to manufacture, like quality subsidized housing,parks,creative recreation centers(like intricate labyrinths,adult playgrounds,challenging obstacle courses, learning and self cultivation centers,schools,colleges, cars for the economic-disadvantaged, infrastructure, health care,repair and renovation of run down areas of cities, bike stand security guard,litter collector,
those are all things that the private sector can produce. but with gov't taking so much and spending so much ... well you get the point. its obvious that no matter what, statists will always blame the market and not the state.
You should get Robert Higgs on your show, although i've noticed a tendency to only have marxist/socialist/lefty type economists on, and most of them don't know what they're talking about.
I like realnews for it's foreign policy guests, but as usual, lefties don't understand economics .
you should learn some more history. it's not so simple as that. the real alliance between big business and big gov't really took over in the early 20th century with the progressive movement. it was around b4 hand, but it wasn't official policy or at least announced as the program america would follow. thats what the great depression ushered in . and now we can see another big push to integrate again. totally anti free market
Competition is more dynamic and fruitful when the playing field is level. Take, for example, football: no one wants to watch a game that's unevenly matched. They want to watch something like Florida vs. Alabama. The reason is because the latter is just more interesting and more spectacular plays are produced because of the caliber of play.
...Similar can be said about the economy: more spectacular feats of innovation are performed in high-competition environments!
@KidVideoE A free market means freedom for them making billions at the expense of everyone else. No rules, just right. If there ways collapse the economy, so be it. If their workers are only making starvation wages, so be it. If the unemployment rate is 35 percent, that's okay. It's all about them and their selfish desire to accumulate more than anyone else.
My question was rhetorically satiric, but yea, you're right Antiks72. That being said, Is it permissible to allow these things to continue? And if so, @ what cost?
@KidVideoE Nope, it shouldn't continue. I'm really pissed off that these corporate fucks are paying out huge salaries with our tax dollars. Nothing is changing.
Well then what are you doing to stop the injustice? Do not misinterpret me, let me know so I may help. Cause I know we (and MANY others) want to do just that.
oh you meant the tax dollars that were taken from people. let me know when people are free to choose and then we can be angry at the businesses that get money from "our" GOVT!! geez. why ignore such obvious FACTS!?
well, that's exactly why they bribe the states and the populace with money... the point is that money should not be controlled by the federal reserve, and most money shouldn't go to washington dc in the first place.
@thisisbunk Basically what we've seen the last thirty years is a massive transfer of wealth from the lower and middle classes to the rich. You seem to be arguing for the Ron Paul libertarian fantasy. Am I right?
government is [supposed to be] the steward of human activity ensuring that the well-being of its constituency is conserved. How can we help promote this supposition and see it truly brought to fruition rather than "venting" about it on youtube?!
look. the free market is supposed to be voluntary. if people are aggressive towards others without right, then there is injustice. criminal acts are not free market acts, they are anti-market.
Who's to decide when people are 'aggressive towards others without right?' A judge, jury, and laws backed by Gov't legislation... that doesn't sound like free market to me? The free market is about making a paradise on earth for we rich folk, while shit heels like you wait for the trickle down. Well the trickle down will be in the form of my piss Mr. Bunk and you'll drink deep (especially when fresh water becomes more scarce). Now keep up the good work spreading our message.
well, that's just it now isn't it? the battle of liberty versus power. the state is a monopoly enforced by law. that is not free market. in order to understand what aggression is you must understand what rights are. 'the ethics of liberty' is one very good book (among many others) on that subject.
Ah the battle... always a battle with us in this day and age. The ethics of liberty, I'll read that one. I am sure it is ahead of it's time or at least these times. Funny title though: The "rules" of "being not bound by rules." Yikes it's as if Liberty is a bullshit meaningless word. Someone should write a book about how a technological society could live the fat life in accordance with nature. What science is writing this book right now!?! Better read that one first.
i mean, whats criminal? is it smoking a joint? speeding? having a cigarette in a restaurant? receiving a larger paycheck than your neighbor? or is it taking money to pay for war and bailouts through taxation against peoples' will? printing money by law? bombing innocent civilians? making people buy health insurance by law? etc etc
Dear Bunk, Exellent questions? Is collecting a paycheck that could feed a starving country, for impoverishing that same said country; in order to extract the resources by which the paycheque is founded on: should that be legal? Not really a question which free marketers or their equally frustrated opponents seem to be adressing. Maybe deep down we all think it would be cool to get a check like that. We could buy up all the pussy and ride around in a benz. Totally sweet.
aside from moral considerations which are primary here, one of the basic problems with military spending is that military industries are very capital intensive. that is, a lot of the money goes into buying capital goods and not directly on labour, ie. hiring people. so for a given amount of total money spent in the military industries you get much fewer people hired, that is much less unemployment absorbed. In Marxian terms, the organic composition of capital is very high in these sectors.
Crap. Just more misinformation propped up by misleading and meaningless statistics unrelated to a free market economy. Everythint they mention is all about gov spending. Real jobs are created by real people creating real goods providing and real services. The gov doesn't make anything, it only taxes and spends. That's not productivity, that's stealing. Paul Jan and Robert Pollin are socialists posing as economic intellectuals. Crap.
the government doesn't make anything - tell that to china, they are going on a commodity buying spree, building the worlds longest network of high speed zero emissions rail system, while our government spends on war and tax break to corporations to make shit we don't need and food that isn't good for us and medicines that treat symptoms not causes, these free-marketers have fucked things up. the only free market I want is one without corporations, i.e. my local market.
dakusahab, the free-marketers HAVE messed things up. They support their self interests to the detriment of society. I believe that the government, being a reflection of the people's want, should impose it's will on the market.
"Free" should refer to the openness of the market i.e. allowing anyone who wants to in. This should not mean that marketers should disproportionately control the government and then impose their will on the market under the guise of exercising their "American" right!
Are you really that ignorant?! A free market by definition is self regulating, open to all comers, and is a reflection of every individual's personal wants, desires, and needs. It's when gov interferes with competition, innovation, and the individual's self determination based upon individual wants, desires, and needs, that the free market dies. I am sick and tired of bumbling idiots spewing nonsense and falsehoods about the efficacy of the free market to bring out the best in all of us.
Hold your horses bro! I only profess here that which I think 'should' be. And of your rant I pose the question: where does the government get it's intention in regulation?
In short, the answer is: ...from lobbyist who [disproportionately] represent corporate interests. This type of interference is what stifles innovation because it is the attempt of sole corporate entities to dominate the entire market for the sake of increasing their revenues.
Have you ever written a letter to, emailed, or telephoned your congressman or senator? Then you are a lobbyist. Have you ever donated to someone's campaign for an elected position? Then you are a lobbyist. Your problem should not be with lobbying, but with congress passing out favors that none of the rest of us get. That is not a problem with the free market, nor has anything to do with the free market. It has everything to do with corruption in Congress. Quit blaming the free market.
I have not qualms with capitalism but the action of commandeering the government in an attempt to further corporate interests not in communion with those of the the populace is tyrannical and actually aligns with fascism. Such interference gives unfair advantage to the abusers and disrupts natural competition.
Government intervention should be decisive, effective, short-lived, and above all, representative of the people!
Maybe you should insert some knowledge into your head before you open your mouth exposing your ignorance. Try reading, and understanding, the Constitution before you post more crap that exposes your 'public' education for what it really is; lacking.
Capitalism and corporatism are not synonymous. Gov intervention is, by definition, is counter productive and unconstitutional. You mix your isms to suit your arguments, rather than elucidating your arguments with accurate descriptions of your isms. This makes your analysis of the free market illogical, irrational, and meaningless. Do some research into the definition of capitalism and corporatism and see if your view of the free market remains the same. I'll bet it won't.
BBurton,stick to your ideology dumbarse from Milton Friedman, Von Mises, CATO, Ayn Rand, Peter Schiff any other Jew you can repeat talking points from.
Clean energy is almost the same as war in relation to economic benefit versus investment. How bout building some real productive industry instead of a consumption economy.
Sorry, The answer is no. In our Global capitalist nation, nothing can be made in the U.S. unless it pays the lowest wage in the plantant. Military spending is a operating cost of our nation. Real production is what creates wealth. Its hard to believe, but you actually have to produce something. The U.S. military is actually a huge drain on our country. Thats why the U.S. is bankrupt. We cant lie, bomb or print our way out of trouble.
It is always amazing how the free market has never had full employment and only when a command or even semi-command economy is put into effect, full employment is even possible.
So you advocate fascism and slavery. But I'm not surprised as that is the usual result of far leftist governance. (BTW, most people don't understand the political spectrum. Far left is total government, far right is anarchy) watch?v=1hhJ_49leBw
Kmg, If he's not with you then he's for nazi germany? Pretty soon you might find that this isn't a right left debate. That the systems we have cleaved to in the passed are all out dated and infeasible. Why not dump all of our last remaining resources into NanoTech (ALL OF IT) and make develope technologies that could turn this planet into a disgustingly rich fat garden paradise (at least by todays standards). Which policy is that right or left? BTW 1939 Germ. was Cent. Right. Not Left.
BTW, you dont understand the political spectrum at all, it isnt just a line, it is a x y plane or even more. There is two lines, one for government and one for socialism and capitalism. I want something close to anarchy and socialism.
The problem is that I understand the spectrum better than most Americans. And the desire for both socialism and anarchy is essentially neurotic.
ANY group that advocates govt solutions is in fact on the left. Be it neo-cons or neo-liberals or the so called religious right (misnomer).
Anarchy is the far right of the spectrum. Multiple axis only confuse people and distort the political landscape which in turn political opportunists take advantage of.
How is near anarchy or libertarian and a socialist society bad? It makes no sense. You have this idea that socialism=USSR etc. My idea of socialism is pretty easy, every business would be run by the people who work there with democracy and set up a good welfare state, but without the state.
wrong wrong wrong massive govt spending prolonged the great depression by preventing the liquidation of unsustainable economic ventures. He's right about military spending though.
WAR IS THE ANSWER TO THE ECONOMIC RECESSION!!!!!!!!!
The war on stupidity!
Our public schools are pathetic and thats a fact!
If we had an educated society we would be WAY better off, less likely to rely on foreign oil to prop up our money and make us slaves to middle eastern politics.Education is true wealth of nations.
Sure, education is good but not at the hands of the U.S. federal government. That has been proven to be an very expensive mess for ever worsening results.
More ideologue driven nonsense from the phony intellectuals of the left who willfully misrepresent and omit critical historical details. watch?v=aN-Z5GHkToU
@kmg501 You criticize this channel as being "ideologue driven" despite the fact that Robert Pollin shows hard research and zero ideological bias. Then go on to link a video of a right-wing Austrian School of Economics adherent trying to spin history with the standard free market fantasy.
Do you have any sense of irony? Were you just trolling, or do you actually expect to be taken seriously?
@kmg501 Even reading this requires a massive amount of market fantasy to be scraped away.
"the market's self-correcting forces" Yeah, take a look at what the self-correcting forces are historically - massive state intervention. The U.S. is not a "free market society" but I'm sure you're lead to believe that. The entire economy is based on a very dynamic state sector that pays for R&D, development, manufacturing then subsidization while profits are privatized.
The government has been picking winners and losers at taxer payer expense for a long time I agree. It's disgusting, holding us back and rewarding those that make the best sales pitch to a bureaucrat who is most times ignorant and always unaccountable for the dollars they spend.
Holding whom back? The country was founded on the Madisonian principle that government should be there to "protect the minority of the opulent against the majority".
Or that "those who own the country ought to govern it". I'm not exactly sure where you get this idea that the country somehow went off the rails from its adherence to the free market and good government. In fact it was lambasted by people like Adam Smith for refusing to pursue its comparative advantage.
The United States was never a free market economy, nor is it now a free market. You're taught in fantastic economics classes how to praise the free market, but never actually look at how the United States violated every market principle known during its development.
And that is why it developed how it did. Have a look at the Latin American and African countries that followed market principles preached by U.S. planners and you can see how munificent it is.
This is so true, I study economics and all they do at school is praise the miraculous free market system. They've got like 3 pages talking about how great it works and then they have a small reference section saying that there are some philosophical objections against the theory and thats it. LAME!!! but then again they don't really want u to do research into improving the system, they just want us to study the way we can exploit it even more into our benefit without consequence :P
@kmg501 Where did computers - the high-tech economy - come from? Where did the Internet come from? Containerization, automation, civilian airliners, lasers. All of these came from the very dynamic state sector, of which you're taught to ignore and instead focus on the bad government taxing the benevolent market.
Yeah, the glaring historical omission is your fantasy about "free markets".
Oh great, you linked me to the utterly despicable leftist Chompsky, thanks... And do you think I was for the bailouts? If so, man are you a bad reader of people. You like many people seem to be confused because we haven't had a real free market in the U.S. for many decades.
Crony capitalism, corporatism, the Federal Reserve, bureaucrat/business collusion and the fiat currency are contemptible corruptions of real capitalism.
@kmg501 Yeah "utterly despicable leftist Chompsky [sic]" really disproves his research and theories. I mean why bother responding to the points when you can simply defame him with the standard character attacks? It's just far easier to dismiss than to actually respond.
We haven't had a real free market in the U.S. for many decades? So the United States didn't development through massive state intervention and subsidization in the economy? It all happened magically? When was the U.S. "a real free market" then?
@kmg501 The study you linked may be right or it may be wrong but it's kind of a tiny footnote when you consider the fact that the United States was the most protectionist country during its development and up until around the 1950s. So you can nit pick one aspect and explain how this miscalculation explains why government intervention is so bad, but why not just take a look at the overall state policies? Yeah, those you're not supposed to look at, right?
Yeah, yeah I've heard this theory because BUT...excuse me but we have had war for the past 9 years. Based on that fact shouldn't we have spent ourselves out of any potential depression/recession by now?
stop the war ffs...karma is cold and i guess the stupid people say "hey we can make money off of killing people" wtf! hahaha i hate white poeple's culture cause all it comes out to be is war. can't wait to pass away.
There is no multiplier effect to the Military Industrial Complex. Planes and bombs don't produce anything that can continue to make things of value. Investing in capital equipment like machines to make photo electric cells do have a multiplier effect. Its not just more jobs.
@ Antiks72 Wrong on both counts. Unfortunately people don't learn from history. The bureaucrats should have cut spending and not illegally intervened and we would already be coming out of this mess.
But don't take my word for it, study the history for yourself.
Government spending PROLONGED the depression. Just like its doing TODAY.
Will we ever learn?
TheMango121 5 months ago
this man might be a professor but he's clearly brainwashed.
1231238502 1 year ago
.. and give it to animal rights activists. War for good reasons, such as against the Nazis and right-wing muslim or christian religionists or against the anti-drug terrorists at the DEA, and take away THEIR money and property and give it to Ralph Nader, Amory Lovins, etc will benefit those who deserve it and punish those who deserve it.
deskset24 1 year ago
Ralph Nader should have been president of the USA 2000-2008, and Cynthia McKinney now. Shitheads who voted for Demopublicans obviously hate money, don't need money or property, and LOVE shitting OTHER people's money away to those who don't do any useful work - corporate welfare military. There's nothing complicated about the economy: it's a zero-sum game. Take money from those doing either no work (CEOs, bankers) or work that hurts others (FBI, prisons) and give it to environmentalists &...
deskset24 1 year ago
What absolute total bullshit. You never see talking heads like this going up against Austrian economists like Peter Schiff or working on a refutation of Murray Rothbard's "America's Great Depression", in an open and fair debate they would get annihilated.
schulwitz 1 year ago
In an interview in a clip from that Oliver Stone film, South of the Border (whatever it's worth: watch?v=fI446mXonu0) ex president Nestor Kirchner of Argentina recalls a meeting in which Bush said war was a good way to improve the economy.
NicosNicosNicosNicos 1 year ago
In Britain too they generally mention the local huge arms industry on TV news only in terms of "job creation" or "job losses". Such as "x Zyklon gas factory is downsizing, meaning the loss of several jobs".
NicosNicosNicosNicos 1 year ago
We ARE in World War 3 ! It isn't a Set Piece Battle against a visible foe its on 2 different 'fronts' (Iraq, Afghanistan expanding to 10 or more when you include Iran, Pakistan, Yemen, Palestine, N Korea, Cuba, Venezuela etc), against an invisible foe with no standing army, no Air Force and No Navy and will last 10,000 days or more unless we stop this nonsense. Casualties will be higher than Vietnam on our side and higher than World War 2 on their side.
NOTAdemocracy 2 years ago
USA just wait for the fighter jet that is perfectly control by remotely and without pilot and come to market in 2011. After that it will be very difficult for Iran to protect them self from USA 's invasion. This remote controlled fighter jet coming in 2011 will be superior than any other fighter jet in 2011. In 2011, USA can attack anywhere, they want without any rise of a US army.
MonsterIsrael 2 years ago
I have never heard about this yet. Peace!
Lingerfoot 2 years ago
keep dreaming of the day a remote controled aircraft can take on a piloted aircraft, you are so stuuuupid to think a remote control aircraft can do the job or a real aircraft. If it can it will cost 3 times more to produce, and that money can go to produce an even better quality piloted aircraft, the current drones have hardly any air to air combat capabilities, any low tech piloted aircraft can take it down, and it's expensive as shit, just good for video gamers, another useless USA tech.
strongbadassman 2 years ago
Romantic notions of human capability aside, the fact is that the pilot, is the weakest component of any aircraft. The human needs rest, and its body can only withstand a maximum of 9Gs.
As for your argument about combat capabilities (assuming you mean dog fighting, as everything else can easily be accomplished by a UAV), modern AA missiles such as the AIM9X have already rendered dogfighting obsolete, due to their extreme off-boresight targeting.
PsyTrip20 2 years ago
@PsyTrip20 modern AA missile can also render any drones ineffective, in fact fighter jets can effectively be used to dispatch any such drones. These nifty experimental gadgets are only used in places with no modernized air defense, otherwise it's completely useless, whether as a spying tool, since the stealth drones can't evade basic radar systems, it's a technology used not to implicate USA troops launching stealth bombing on the Talibans, this is not T2:Judgement Day, common sense and facts.
strongbadassman 2 years ago
@Strongbadassman
Speaking of "common sense and facts":
#1: Drones can be produced off a factory line, human pilots can NOT. Do you realize how many millions are spent on the training of a single fighter pilot?
#2: The best way to neutralize modern air defenses is WITH DRONES (e.g. the Israeli Harpy system). Drones use kamikaze attacks, sent in their hundreds in enemy air space to saturate and confuse, overload enemy defenses.
SMALL NATIONS CAN DEFEAT LARGE ONES IN SUCH A WAY.
Think!
PsyTrip20 2 years ago
@PsyTrip20 mr armchair general, stop using theories to make up your arguments, first off they never had been a case where an 120 mill dollar drone was used in a kamikaze attack :), you can't possibly be that stupid, and second, it's far easier to launch a guided missile from air to ground, far more accurate and much harder to be taken down by air defense, this is not WW2 here where planes got no explosive, just shows how wild ur imagination is, or how backward ass you are lol.
strongbadassman 2 years ago
Kamakazi drones dont cost $120 million you stupid dink. China bought the Harpy for a reason.
Quit arguing over subjects about which you have no understanding. Using manned air assets against air defenses is extremely risky (as common sense suggests). If you think its better to send a F-16J to fire a HARM against a radar site, then you are clearly as retarded as you name suggests.
If I had more time and patience, I would teach you a thing or two, but since I don't, enjoy your ignorance.
PsyTrip20 2 years ago
@PsyTrip20 why the hell are you calling me a dink? why use a kamikaze drone when you can just use a balistic missile which is far more accurate and destructive? i wonder if you got any common sense statement to ever make, apart from calling me a dink, a jap, a jew or a shylocke, i find it very racist and insulting, it makes my heart bleed. there's no such thing as a kamikaze drone by the way :) pls i have searched all over the web for kamikaze drones, found this : Japs bomb pearl harbour lol"
strongbadassman 2 years ago
@PsyTrip20 the Israelis don't make weapons system they steal form the USA, like they steal from everyone, they are a buncha shadow lovers, they get handouts us, but then would backstab us anytime it is advantageous to them, sorry without the USA Israel is pretty much fucked.
strongbadassman 2 years ago
A resource based economy rather than profit driven is the only solution. Governments make laws when they can't solve problems. Patents should be individualized and open for public improvement to stimulate the creative collective. The truth is that energy from natural forces create far more power in one second than the sum of our electric and nuclear power plants can in over a decade. Secrets are what keeps us restricted, the Truth shall make you FREE, Science has solutions and eliminates laws.
daddysutube 2 years ago
Dear John Q Public, War is a great answer to a depression. As a member of the wealthy capitalist class I see war as a means to buy and sell bullets, thin the useless lower classes, and gain access to a hostile nation's resources. Now if you are a member of the poor restless middle and lower classes go out and get killed so I can maintain my lavish lifestyle without worry that you'll turn a hateful eye my way. That's right, I'll say it, you poor folk are garbage.
Love,
Biter.
elbowbiter1 2 years ago
WWII did not bring us out of the depression. What a Keynesian fool. If anyone cares to know what WWII did for the US economy read Robert Higgs "Depression, War, and Cold War". He's one of the greatest scholars on the subject.
ambientsummer 2 years ago
Kerry Sucks. He is my senator and I hate him. I voted for his progressive challenger in 08, Ed O'Reilly. He was much better.
biguy617 2 years ago
To quote Martin Luther King JR
"A nation that spends more on military defense than on social uplifting is a nation moving to spiritual death."
captcrais101 2 years ago 2
Starting a war to stimulate the economy is so stupid.
If the politicians can find money to go kill people, then they sure as hell can find money to help people! But the rich only lobby government stimulus that helps them first, like war.
robertinrinrin 2 years ago 3
We try to find every excuse we can for war. We never bother to stop and think about those who suffer under the bombs.
I barely survived the tsunami and spent days in the hospital with dead bodies stacked around me. People feel so sorry for me for what I went through and experienced, but they turn around and cheer on wars that create the same kind of trauma and suffering.
As a survivor, I can never and will never support war. NEVER.
WellIAMScottish 2 years ago
Holy crap man, what a traumatic experience, glad you are alright.
So true, If suffering by natural disaster is bad, why is suffering by war ok?
In fact the wars are worse because they do not end and there is only humanity to blame.
What about all the families ruined by war, the kids growing up without fathers/mothers, the unexploded ordinance that kills years after hostilities end (look at Laos!!).
Funny how those who push for war are the ones who have not experienced it....
micahgee 2 years ago
Dear Professor Pollin.....perhaps you haven't noticed.....we have been spending on wars and in deficit for the past 8 years. Clearly this hasn't done anything good for our economy. Try again.
jerseygrl5 2 years ago
That's what he's saying:
War is NOT the answer!
KidVideoE 2 years ago
If there is another world war there will be protests the size of we have never seen. Unrest like we have never seen, because our planet would be truly under threat.
Stuballs84 2 years ago
in every time whether in depression or war, zionists war mongers and banksters make huge profits and people suffer. and inept americans can't do anything to abolish federal reserve banks and criminal government. the u.s. is doomed.
wannaruwae 2 years ago 3
These videos are a joke... I'm unsubscribing. Government spending a solution to our economic crisis? rofl. These news guys are fucking clueless. I been subscribed for over a year. I'm fucking done with the real news. Peace.
pedroquintero 2 years ago
Yeah, because you disagree with one video you should unsubscribe. OK.
MrSuperpunch019 2 years ago
@MrSuperpunch019
It's not one video... its a series of non-sense. They're so oblivious to what's happening in so many areas it's not even funny.
pedroquintero 2 years ago
The so-called "spending multiplier" and "income multiplier" do not have independent existence. More spending does not automatically mean more pay if the percent of spending which goes into pay declines faster than spending is rising.
In fact, the reality that less than 100% of spending goes into pay makes it IMPOSSIBLE for everyone to live within their means EVEN WITH THE BEST EFFORTS.
Also, more spending in education does not automatically mean better education (No Child Left Behind Act).
kmarinas86 2 years ago
I agree with Robert Pollin here. He makes perfect sense! 5*****
JixMa 2 years ago
An economic depression is usefull for war, this way you keep people worried about survival in a depressed economy than in the money spent on military industry, war = stealing people.
vechio80 2 years ago 5
This is an interesting topic, thanks.
loai050 2 years ago
I live in Southern Illinois and we have a very high enlistment rate because the are no jobs and no future for young people here. I know of no one joining for "patriotic reasons" we are screwed.
studape 2 years ago 3
That;s becuase all the money is going to a fucking war instead of to the people. Obama has done jack shit in terms of jobs for people here.
MrSuperpunch019 2 years ago
Dear Punch, Obama is just another victim of the culture that generates, war, scarcity and corruption as it's norms. As the figure head of this society all his decisions will follow suit and result in ends that aid the aristocracy and burden the pions. Obama is the same stinking pile of garbage that any US president will ever be. If McCain had won... the outcomes would be fundamentally exactly the same. "Reject the systems dictating your norms."
Peace,
Biter.
elbowbiter1 2 years ago
Science Is Getting Stupid...
jakiner 2 years ago
are you kidding me Real News?! this is bout just as silly as the premise of Ralph Nader's new book! Yeah War and Warren Buffet will save us all!
jakiner 2 years ago 2
Capitalism doesn't work. sorry.
MrSuperpunch019 2 years ago
MrSuperpunch019
Capitalism is what made our country the envy of the world (at one point). Government intervention has tarnished capitalism and now they are trying to blame the current situation on capitalism when if fact it is their meddling thats led us here.
Electronics is one of the best examples of Free Market Capitalism. Capitalism gets a bad rap because of corporatism, which is quite different than capitalism. Now lets be nice this time. Merry X-mas.
EndTheFedRes 2 years ago
YOu just don't know what's going on man. It's really complex. Very very complex.
MrSuperpunch019 2 years ago
MrSuperpunch019
I'm open to any video's or websites you suggest to explain the complexity.
EndTheFedRes 2 years ago
why don't you check out the great myths of the great depression. or watch the federal reserve video put out by the mises institute.
thisisbunk 2 years ago
thisisbunk
I'm very aware of how the Federal Reserve caused the Great Depression and how they were able to drag it out longer than it should have been. And yes I have seen a couple Ludwig Von Mises vids and started reading economics in one lesson.
EndTheFedRes 2 years ago
@MrSuperpunch019 Actually, I find it to be very,very,simple! a water,food, knowledge, and home are all a God given People learned to make & grow their own.Money was merely an incidental and not needed. So, my ?;s are what else, do we need and why do we need it.
It's all about Population-Poverty- & Polo-tics. and how to control. "Keep it simple" as the Ole' saying goes!
phfrankh 2 years ago
yeah real complex. if its free market or capitalism its bad, if its a gov't program and more regulation its good.
thisisbunk 2 years ago
End the Fed,
Capitalism may have been what made THIS ONE country great. Yet it is also what makes SEVERAL other countries hell on earth (by comparison). Electronics are NOT an example of free market capitalism but the exponential growth of human enginuity which will eventualy find a way of flurishing despite capitalism. The technological age is about to begin and Capitalism, as it is now, will not survive it.
Peace,
Biter.
elbowbiter1 2 years ago
elbowbiter1
I would like you to explain to me how capitalism makes several other countries hell on earth "by comparison". Please.
Also, electronics is a great example of capitalism. Plenty of competition, makes for lots of advancements and low prices. Excluding Microsoft. lol
EndTheFedRes 2 years ago
Nah, I won't try to cram an explaination into 500 characters. If you don't know the flaws of the system yet you don't know the whole story because there is no such thing as a utopia. As for technology, grab a book by Ray Kurzweil (great stuff) and put to bed any notion that technological proliferation requires capitalism. Low prices? You can no more afford today's super computer than your grampa could in the 60's. Capitalism is dependant on technology more than vise versa.
Peace.
Biter.
elbowbiter1 2 years ago
elbowbiter1
Here is a question for you.
Back in the 80"s how much did the average computer cost? And how was the speed, performance, etc.
How much is the average computer today? How much faster and better performance do you get?
This is what the Free Market has done. Also take a look at plasma, lcd, dlp, televisions, these are more great examples of the impact of free markets. The governments job is to ensure there's ample competition, which they are NOT doing.
EndTheFedRes 2 years ago
Back in the 80's a state of the art consumer model cost the same as an analogous state of the art consumer model does today. Only today's model is faster, and has more bells and whistles.
This is NOT what the freemarket has done. Also look at TVs (plasma, lcd, and dlp) they are even more of a great example of human enginuity but not dependant on free markets. The free market often hampers the proliferation of technology if it can't find a way of controlling profits from it.
Peace,
Biter.
elbowbiter1 2 years ago 2
elbobiter1
But wasn't all the extra bells and whistles a result of the Free Market? It was competitors trying to put each other out of business, through pricing wars, and bells and whistles that ultimately led to the consumers benefit.
Also you have to concede a regular computer today would be a super computer in the 80's at a much lower cost.
EndTheFedRes 2 years ago
The extra bells and whistles come from processing power and further advancements based on the advancements of the past. It is a chain reaction. If you learn obsidian blade technology and murge it with the stick you have a spear which allows you to eat better game which allows you to spend less time on the hunt which allows you time to invent the spear thrower which allows you to catch even better game which grants you more spare time.... you see where this is going?
elbowbiter1 2 years ago 2
However I do agree with your statement.
"The free market often hampers the proliferation of technology if it can't find a way of controlling profits from it."
They will bleed the technology out to profit. Phones are a great example. If they came out with a phone that would open your garage, change the channel, do everything, then we would only need to buy one phone, rather than constant upgrading. But the Free Market insures Verizion, ATT, etc compete. But there has to be competition.
EndTheFedRes 2 years ago
Anyways interested in the whole story, so please feel free to send me links, vids, or book refs.
EndTheFedRes 2 years ago
Well I have already recommended Kurzweil to you, at least I think I did, I recommend you check out his old 2005 speaking engagements on google vid. Fascinating stuff. I also recomend you google video Nanotech Nanotopia (Also mind blowing). Pay particular attention to nanotech assembler technology. Those devices will destroy capitalism as we know it. They could/will be built within our life time so it is time to start looking for new ideas about human social interaction and letting the past go.
elbowbiter1 2 years ago
You did recommend Kurzweil to me, he has several books out though. Can you recommend one?
Also I wanted shift from capitalism and ask you a question.
Who are the richest people in the world? And how much money (in dollars) do you think they have?
I'll give you a clue, they are not American, and Capitalism has little to do with their wealth.
EndTheFedRes 2 years ago
Well I know forbes magazine whould have us believe their list is the end all be all. I have also heard about banking dynasties that could have even more money and I think you are alluding to these folk. Some of which are certainly American in that they were born and raised in America but I would bet that folk with that much $Deng$ wouldn't really need to worry about anything like nationality. They may or may not support Capitalism, but I say who cares. is Capitalism really the best we can do?
elbowbiter1 2 years ago
Of Kurzweil's books I have read these: "Fantastic voyage: live long enough to live forever"
"Age of spiritual machines: when computers exeed human intelligence"
"The singularity is near: when humans transcend biology"
For a preview of his ideas, just google vid them. He has several online lectures/debates you can check out to see if you want to invest time with his books.
elbowbiter1 2 years ago
RealNews? hahhaaha, more like RealDumb
amagilly 2 years ago
Ok. Here comes the inevitable question: Who will make sure that the investments be made to healtcare etc. rather than the military? Who has the power to do that? This is the weak side of the US left. The problems are detected so well, but when it comes to solutions, they look hopeless and pessimistic.
decameron4 2 years ago 2
This has been flagged as spam show
If the answer is war, the question must be pretty fucking stupid !
gringodeltoro1 2 years ago
If the answer war, the question must be pretty fucking dumb !
gringodeltoro1 2 years ago 2
LoL nice one, did you make that up yourself? Cuz that is fuckin' great.
elbowbiter1 2 years ago
No, I saw that on a t-shirt once. LoL !
If you only have a hammer, every problem will look like a nail. (That's another one !)
gringodeltoro1 2 years ago
Merry Christmas U.S. Military... Santa was good to you but not us civilians
PersonalJesus348 2 years ago
You're mistaking the US Military for the US Military Industrial Complex. Santa was very generous to the industries that support the military, but the soldiers are still pretty poorly off.
Etimos 2 years ago 4
Yeah, where's the american bailout for the people?
MrSuperpunch019 2 years ago
Make Peace Not War! Neither this governments spending nor wars are sustainable endeavors.
ProfessorT07 2 years ago
Why is that enlistment sky-rockets when there is a depression?
Rhetorical question of course,
blugreenblu 2 years ago 2
lol in WWII the US went on a spending binge for things like steel manufacturers (industries that actually were hit) now there's a clan of companies that already control the war buissnes so there's no "stimulus" other then them.
AndroidPolitician 2 years ago
is war the answer for anything ? besides maybe stopping hitler >.> coulda reacted different to the 9/11 bombings ... how about going over there and feeding htem giving them a better quality of life ... not htat i believe they had anything to do witht he bombings ... or go over there and find out why they did it ask whats up lend a helping hand ... kindness goes farther than war just saying ...
steveo9001 2 years ago
@ steveo9001 - I like your thinking
Razorhawk72 2 years ago
A government has no resources, hence, it cannot create jobs. It can only steal either resources from the private sector, borrow from other countries, or steal purchasing power, but in all of these cases, it destroys more jobs than it creates. Always.
surprise1982 2 years ago 4
I don't quarrel with the facts a liberal gives, but the ones they don't give. Sure jobs are created when the government spends money, and some domestic sectors may have more jobs created than others. But why not present how many jobs when the money is "spent" by giving tax breaks to small businesses and investors. These are the real engines of job creation.
jmcbride1000 2 years ago
THe reason so many americans are still using food stamps to survive is because Obama is spending all the money to save banks or spend it blowing up people in the middle east.
MrSuperpunch019 2 years ago
Someone tried to convince me that war is good for the economy. That same person tried to convince me that US aid to Israel is good for the economy and that if the US were to end all military aid to Israel "millions and millions of Americans would lose their jobs". I told him all his points are bullshit.
juliaisafilmbuff123 2 years ago 3
instead of activating an economy by manufacturing weapons and the stuff for war...cant we find something else to manufacture, like quality subsidized housing,parks,creative recreation centers(like intricate labyrinths,adult playgrounds,challenging obstacle courses, learning and self cultivation centers,schools,colleges, cars for the economic-disadvantaged, infrastructure, health care,repair and renovation of run down areas of cities, bike stand security guard,litter collector,
catgumart 2 years ago
fantastic post
MrSuperpunch019 2 years ago
those are all things that the private sector can produce. but with gov't taking so much and spending so much ... well you get the point. its obvious that no matter what, statists will always blame the market and not the state.
thisisbunk 2 years ago
You should get Robert Higgs on your show, although i've noticed a tendency to only have marxist/socialist/lefty type economists on, and most of them don't know what they're talking about.
I like realnews for it's foreign policy guests, but as usual, lefties don't understand economics .
HuxleyWasRight 2 years ago
Well I guess we know which economist you idolize then - would his last name begin with a "F" by any chance?
blackiron60 2 years ago
I don't agree with the free market. But then again i think america hs always had this corporate fascism.
MrSuperpunch019 2 years ago 2
you should learn some more history. it's not so simple as that. the real alliance between big business and big gov't really took over in the early 20th century with the progressive movement. it was around b4 hand, but it wasn't official policy or at least announced as the program america would follow. thats what the great depression ushered in . and now we can see another big push to integrate again. totally anti free market
thisisbunk 2 years ago 2
What is "free market", Sir?
Competition is more dynamic and fruitful when the playing field is level. Take, for example, football: no one wants to watch a game that's unevenly matched. They want to watch something like Florida vs. Alabama. The reason is because the latter is just more interesting and more spectacular plays are produced because of the caliber of play.
...Similar can be said about the economy: more spectacular feats of innovation are performed in high-competition environments!
KidVideoE 2 years ago 2
@KidVideoE A free market means freedom for them making billions at the expense of everyone else. No rules, just right. If there ways collapse the economy, so be it. If their workers are only making starvation wages, so be it. If the unemployment rate is 35 percent, that's okay. It's all about them and their selfish desire to accumulate more than anyone else.
Antiks72 2 years ago
My question was rhetorically satiric, but yea, you're right Antiks72. That being said, Is it permissible to allow these things to continue? And if so, @ what cost?
KidVideoE 2 years ago
@KidVideoE Nope, it shouldn't continue. I'm really pissed off that these corporate fucks are paying out huge salaries with our tax dollars. Nothing is changing.
Antiks72 2 years ago
Why are things static? Why are there no antics to bring about change Antiks72? And if there are, how can we amplify the effects of those antics?
KidVideoE 2 years ago
@KidVideoE I don't believe things are static.
Antiks72 2 years ago
Well then what are you doing to stop the injustice? Do not misinterpret me, let me know so I may help. Cause I know we (and MANY others) want to do just that.
KidVideoE 2 years ago
oh you meant the tax dollars that were taken from people. let me know when people are free to choose and then we can be angry at the businesses that get money from "our" GOVT!! geez. why ignore such obvious FACTS!?
thisisbunk 2 years ago
@thisisbunk Socialism for the rich, and everyone else is on their own. Make me wanna quit paying taxes.
Antiks72 2 years ago 3
well, that's exactly why they bribe the states and the populace with money... the point is that money should not be controlled by the federal reserve, and most money shouldn't go to washington dc in the first place.
thisisbunk 2 years ago
@thisisbunk Basically what we've seen the last thirty years is a massive transfer of wealth from the lower and middle classes to the rich. You seem to be arguing for the Ron Paul libertarian fantasy. Am I right?
Antiks72 2 years ago
gov't is a monopoly enforced by law. what is so even about that?
thisisbunk 2 years ago 2
government is [supposed to be] the steward of human activity ensuring that the well-being of its constituency is conserved. How can we help promote this supposition and see it truly brought to fruition rather than "venting" about it on youtube?!
WHAT CAN BE DONE?!
KidVideoE 2 years ago
look. the free market is supposed to be voluntary. if people are aggressive towards others without right, then there is injustice. criminal acts are not free market acts, they are anti-market.
thisisbunk 2 years ago
Dear Bunk,
Who's to decide when people are 'aggressive towards others without right?' A judge, jury, and laws backed by Gov't legislation... that doesn't sound like free market to me? The free market is about making a paradise on earth for we rich folk, while shit heels like you wait for the trickle down. Well the trickle down will be in the form of my piss Mr. Bunk and you'll drink deep (especially when fresh water becomes more scarce). Now keep up the good work spreading our message.
EB.
elbowbiter1 2 years ago
well, that's just it now isn't it? the battle of liberty versus power. the state is a monopoly enforced by law. that is not free market. in order to understand what aggression is you must understand what rights are. 'the ethics of liberty' is one very good book (among many others) on that subject.
thisisbunk 2 years ago
Dear Bunk,
Ah the battle... always a battle with us in this day and age. The ethics of liberty, I'll read that one. I am sure it is ahead of it's time or at least these times. Funny title though: The "rules" of "being not bound by rules." Yikes it's as if Liberty is a bullshit meaningless word. Someone should write a book about how a technological society could live the fat life in accordance with nature. What science is writing this book right now!?! Better read that one first.
Biter
elbowbiter1 2 years ago
its called "consent of the governed" - without consent, what right does anyone have?
thisisbunk 2 years ago
i mean, whats criminal? is it smoking a joint? speeding? having a cigarette in a restaurant? receiving a larger paycheck than your neighbor? or is it taking money to pay for war and bailouts through taxation against peoples' will? printing money by law? bombing innocent civilians? making people buy health insurance by law? etc etc
thisisbunk 2 years ago
Dear Bunk, Exellent questions? Is collecting a paycheck that could feed a starving country, for impoverishing that same said country; in order to extract the resources by which the paycheque is founded on: should that be legal? Not really a question which free marketers or their equally frustrated opponents seem to be adressing. Maybe deep down we all think it would be cool to get a check like that. We could buy up all the pussy and ride around in a benz. Totally sweet.
Peace,
Biter.
elbowbiter1 2 years ago
aside from moral considerations which are primary here, one of the basic problems with military spending is that military industries are very capital intensive. that is, a lot of the money goes into buying capital goods and not directly on labour, ie. hiring people. so for a given amount of total money spent in the military industries you get much fewer people hired, that is much less unemployment absorbed. In Marxian terms, the organic composition of capital is very high in these sectors.
tatamtatam1 2 years ago
The one thing he has right is that government spending on war is most unproductive.
The rest of spending by the government is also unproductive but just a bit less so.
One of the obvious mistakes this guy makes is that WW2 didn't end the depression.
Does he need to be told why unemployment went to 2% during the war?
The government made the depression last for almost 2 decades, they are not the heros.
Paetaor 2 years ago 4
Crap. Just more misinformation propped up by misleading and meaningless statistics unrelated to a free market economy. Everythint they mention is all about gov spending. Real jobs are created by real people creating real goods providing and real services. The gov doesn't make anything, it only taxes and spends. That's not productivity, that's stealing. Paul Jan and Robert Pollin are socialists posing as economic intellectuals. Crap.
bbburton 2 years ago 4
the government doesn't make anything - tell that to china, they are going on a commodity buying spree, building the worlds longest network of high speed zero emissions rail system, while our government spends on war and tax break to corporations to make shit we don't need and food that isn't good for us and medicines that treat symptoms not causes, these free-marketers have fucked things up. the only free market I want is one without corporations, i.e. my local market.
dakusahab 2 years ago 3
right on
rickbar123 2 years ago
dakusahab, the free-marketers HAVE messed things up. They support their self interests to the detriment of society. I believe that the government, being a reflection of the people's want, should impose it's will on the market.
"Free" should refer to the openness of the market i.e. allowing anyone who wants to in. This should not mean that marketers should disproportionately control the government and then impose their will on the market under the guise of exercising their "American" right!
KidVideoE 2 years ago
Are you really that ignorant?! A free market by definition is self regulating, open to all comers, and is a reflection of every individual's personal wants, desires, and needs. It's when gov interferes with competition, innovation, and the individual's self determination based upon individual wants, desires, and needs, that the free market dies. I am sick and tired of bumbling idiots spewing nonsense and falsehoods about the efficacy of the free market to bring out the best in all of us.
bbburton 2 years ago
Hold your horses bro! I only profess here that which I think 'should' be. And of your rant I pose the question: where does the government get it's intention in regulation?
In short, the answer is: ...from lobbyist who [disproportionately] represent corporate interests. This type of interference is what stifles innovation because it is the attempt of sole corporate entities to dominate the entire market for the sake of increasing their revenues.
KidVideoE 2 years ago
Have you ever written a letter to, emailed, or telephoned your congressman or senator? Then you are a lobbyist. Have you ever donated to someone's campaign for an elected position? Then you are a lobbyist. Your problem should not be with lobbying, but with congress passing out favors that none of the rest of us get. That is not a problem with the free market, nor has anything to do with the free market. It has everything to do with corruption in Congress. Quit blaming the free market.
bbburton 2 years ago
I have not qualms with capitalism but the action of commandeering the government in an attempt to further corporate interests not in communion with those of the the populace is tyrannical and actually aligns with fascism. Such interference gives unfair advantage to the abusers and disrupts natural competition.
Government intervention should be decisive, effective, short-lived, and above all, representative of the people!
KidVideoE 2 years ago
Ps. bbburton,
Calling people "idiots" and being "sick and tired" accomplishes nothing! Maybe you should read a book and take some tamiflu.
KidVideoE 2 years ago
Maybe you should insert some knowledge into your head before you open your mouth exposing your ignorance. Try reading, and understanding, the Constitution before you post more crap that exposes your 'public' education for what it really is; lacking.
bbburton 2 years ago
Show me error in my logic and I will gladly recant.
KidVideoE 2 years ago
Capitalism and corporatism are not synonymous. Gov intervention is, by definition, is counter productive and unconstitutional. You mix your isms to suit your arguments, rather than elucidating your arguments with accurate descriptions of your isms. This makes your analysis of the free market illogical, irrational, and meaningless. Do some research into the definition of capitalism and corporatism and see if your view of the free market remains the same. I'll bet it won't.
bbburton 2 years ago
May I ask if you have read the book entitled: "The Wealth of Nations," or "The Theory of Moral Sentiments?"
bgalagher 2 years ago
BBurton,stick to your ideology dumbarse from Milton Friedman, Von Mises, CATO, Ayn Rand, Peter Schiff any other Jew you can repeat talking points from.
LouieArrighi 2 years ago
Please tell me you're american? I'm tired of the Peter Schiff tards.
MrSuperpunch019 2 years ago
It wouldn't make any difference to you who I am. You'd still be an idiot without a clue.
bbburton 2 years ago
Just another antisemitic turd with shit for brains. Your butt buddies are waiting for you. They love it when a rectum like you bends over for them.
bbburton 2 years ago
Clean energy is almost the same as war in relation to economic benefit versus investment. How bout building some real productive industry instead of a consumption economy.
StephinRazin 2 years ago
Sorry, The answer is no. In our Global capitalist nation, nothing can be made in the U.S. unless it pays the lowest wage in the plantant. Military spending is a operating cost of our nation. Real production is what creates wealth. Its hard to believe, but you actually have to produce something. The U.S. military is actually a huge drain on our country. Thats why the U.S. is bankrupt. We cant lie, bomb or print our way out of trouble.
justaoldslave 2 years ago 2
war is killing and therefore is wrong
lamasu 2 years ago 4
Peter Schiff morons have taken over the comments section. Gah.
Antiks72 2 years ago
Yeah. We better buy gold to survive. Tired of all these ron paul and peter schiff followers not knowing the truth about american history.
MrSuperpunch019 2 years ago
It is always amazing how the free market has never had full employment and only when a command or even semi-command economy is put into effect, full employment is even possible.
rring88 2 years ago
@rring88
So you advocate fascism and slavery. But I'm not surprised as that is the usual result of far leftist governance. (BTW, most people don't understand the political spectrum. Far left is total government, far right is anarchy) watch?v=1hhJ_49leBw
kmg501 2 years ago
Kmg, If he's not with you then he's for nazi germany? Pretty soon you might find that this isn't a right left debate. That the systems we have cleaved to in the passed are all out dated and infeasible. Why not dump all of our last remaining resources into NanoTech (ALL OF IT) and make develope technologies that could turn this planet into a disgustingly rich fat garden paradise (at least by todays standards). Which policy is that right or left? BTW 1939 Germ. was Cent. Right. Not Left.
B
elbowbiter1 2 years ago
@kmg501
BTW, you dont understand the political spectrum at all, it isnt just a line, it is a x y plane or even more. There is two lines, one for government and one for socialism and capitalism. I want something close to anarchy and socialism.
rring88 2 years ago
The problem is that I understand the spectrum better than most Americans. And the desire for both socialism and anarchy is essentially neurotic.
ANY group that advocates govt solutions is in fact on the left. Be it neo-cons or neo-liberals or the so called religious right (misnomer).
Anarchy is the far right of the spectrum. Multiple axis only confuse people and distort the political landscape which in turn political opportunists take advantage of.
tinyurl . com /6q2rzu
kmg501 2 years ago
Anarchy on the far right? Haha just ask any Anarchist where they are.
IPlayWithFire135 2 years ago
@IPlayWithFire135
Watch this: tinyurl . com /6q2rzu
kmg501 2 years ago
How is near anarchy or libertarian and a socialist society bad? It makes no sense. You have this idea that socialism=USSR etc. My idea of socialism is pretty easy, every business would be run by the people who work there with democracy and set up a good welfare state, but without the state.
rring88 2 years ago 2
wrong wrong wrong massive govt spending prolonged the great depression by preventing the liquidation of unsustainable economic ventures. He's right about military spending though.
ferrozm 2 years ago 2
Stop listening to Ron Paul dude. He's nuts.
MrSuperpunch019 2 years ago
WAR IS THE ANSWER TO THE ECONOMIC RECESSION!!!!!!!!!
The war on stupidity!
Our public schools are pathetic and thats a fact!
If we had an educated society we would be WAY better off, less likely to rely on foreign oil to prop up our money and make us slaves to middle eastern politics.Education is true wealth of nations.
Guess we are broke?
zoticus1 2 years ago 4
@ Zoticus1
Sure, education is good but not at the hands of the U.S. federal government. That has been proven to be an very expensive mess for ever worsening results.
kmg501 2 years ago
@ TheRealNews
More ideologue driven nonsense from the phony intellectuals of the left who willfully misrepresent and omit critical historical details. watch?v=aN-Z5GHkToU
Your channel disgusts me.
kmg501 2 years ago
its not their fault reality has a liberal bias
rring88 2 years ago
@kmg501 You criticize this channel as being "ideologue driven" despite the fact that Robert Pollin shows hard research and zero ideological bias. Then go on to link a video of a right-wing Austrian School of Economics adherent trying to spin history with the standard free market fantasy.
Do you have any sense of irony? Were you just trolling, or do you actually expect to be taken seriously?
Arkinight 2 years ago
@ Arkinight
If you think that professor has zero ideological bis then you might want to ask him about the glaring historical omissions...
And here is a UCLA study on the Great Depression;
tinyurl . com /6q2rzu
While you're at it you can also read up on the crash of 1920 that most people have never heard of...
tinyurl . com /djvfzc
kmg501 2 years ago
@kmg501 Even reading this requires a massive amount of market fantasy to be scraped away.
"the market's self-correcting forces" Yeah, take a look at what the self-correcting forces are historically - massive state intervention. The U.S. is not a "free market society" but I'm sure you're lead to believe that. The entire economy is based on a very dynamic state sector that pays for R&D, development, manufacturing then subsidization while profits are privatized.
Arkinight 2 years ago
@ Arkinight
The government has been picking winners and losers at taxer payer expense for a long time I agree. It's disgusting, holding us back and rewarding those that make the best sales pitch to a bureaucrat who is most times ignorant and always unaccountable for the dollars they spend.
kmg501 2 years ago
Holding whom back? The country was founded on the Madisonian principle that government should be there to "protect the minority of the opulent against the majority".
Or that "those who own the country ought to govern it". I'm not exactly sure where you get this idea that the country somehow went off the rails from its adherence to the free market and good government. In fact it was lambasted by people like Adam Smith for refusing to pursue its comparative advantage.
Arkinight 2 years ago
The United States was never a free market economy, nor is it now a free market. You're taught in fantastic economics classes how to praise the free market, but never actually look at how the United States violated every market principle known during its development.
And that is why it developed how it did. Have a look at the Latin American and African countries that followed market principles preached by U.S. planners and you can see how munificent it is.
You aren't even operating on reality.
Arkinight 2 years ago 2
This is so true, I study economics and all they do at school is praise the miraculous free market system. They've got like 3 pages talking about how great it works and then they have a small reference section saying that there are some philosophical objections against the theory and thats it. LAME!!! but then again they don't really want u to do research into improving the system, they just want us to study the way we can exploit it even more into our benefit without consequence :P
BrutusAlbion 2 years ago
I really wish more americans knew this.
MrSuperpunch019 2 years ago
Why can't the average american see this?
MrSuperpunch019 2 years ago
@MrSuperpunch019 This is why:
/watch?v=5EbMCIKTNIQ
Arkinight 2 years ago
@kmg501 Where did computers - the high-tech economy - come from? Where did the Internet come from? Containerization, automation, civilian airliners, lasers. All of these came from the very dynamic state sector, of which you're taught to ignore and instead focus on the bad government taxing the benevolent market.
Yeah, the glaring historical omission is your fantasy about "free markets".
Arkinight 2 years ago
@ Arkinight
Oh great, you linked me to the utterly despicable leftist Chompsky, thanks... And do you think I was for the bailouts? If so, man are you a bad reader of people. You like many people seem to be confused because we haven't had a real free market in the U.S. for many decades.
Crony capitalism, corporatism, the Federal Reserve, bureaucrat/business collusion and the fiat currency are contemptible corruptions of real capitalism.
kmg501 2 years ago
@kmg501 Yeah "utterly despicable leftist Chompsky [sic]" really disproves his research and theories. I mean why bother responding to the points when you can simply defame him with the standard character attacks? It's just far easier to dismiss than to actually respond.
Arkinight 2 years ago
We haven't had a real free market in the U.S. for many decades? So the United States didn't development through massive state intervention and subsidization in the economy? It all happened magically? When was the U.S. "a real free market" then?
Arkinight 2 years ago
The. United. States. was. founded. as. and. empire. Why. can't. you. see. that.?
MrSuperpunch019 2 years ago
@kmg501 The study you linked may be right or it may be wrong but it's kind of a tiny footnote when you consider the fact that the United States was the most protectionist country during its development and up until around the 1950s. So you can nit pick one aspect and explain how this miscalculation explains why government intervention is so bad, but why not just take a look at the overall state policies? Yeah, those you're not supposed to look at, right?
/watch?v=iVDPxVy7h38
Arkinight 2 years ago
SO just because you disagree about one video you automatically hate them? Nice logic.
MrSuperpunch019 2 years ago
Yeah, yeah I've heard this theory because BUT...excuse me but we have had war for the past 9 years. Based on that fact shouldn't we have spent ourselves out of any potential depression/recession by now?
jerseygrl5 2 years ago
1933 to 1947 big government spending.
So by this reasoning we could say that we've got about 14 more years of a crappy economy?
chewbaca1989 2 years ago 2
stop the war ffs...karma is cold and i guess the stupid people say "hey we can make money off of killing people" wtf! hahaha i hate white poeple's culture cause all it comes out to be is war. can't wait to pass away.
monoxygen2012 2 years ago
You need hope..
michaelahenderson 2 years ago
Comment removed
xxashyy 2 years ago
There is no multiplier effect to the Military Industrial Complex. Planes and bombs don't produce anything that can continue to make things of value. Investing in capital equipment like machines to make photo electric cells do have a multiplier effect. Its not just more jobs.
agitcam 2 years ago 5
Had government came to the rescue of main st, instead of Wall St. people would be doing better right now.
Antiks72 2 years ago
@ Antiks72 Wrong on both counts. Unfortunately people don't learn from history. The bureaucrats should have cut spending and not illegally intervened and we would already be coming out of this mess.
But don't take my word for it, study the history for yourself.
tinyurl . com /djvfzc
watch?v=czcUmnsprQI
kmg501 2 years ago