Unfortunately, you got people like "TheYoungTurks" spouting rhetoric like: "The people were starving and dying on the streets before social security, food stamps etc.." I'm sure they were making a reference to the great depression without realizing that was the fault of the "government controlled" Federal Reserve in the first place.
People should also realize before BOTH the government and the health insurance companies started meddling with health care, it was dirt cheap (pre 60's). You paid for your health care based upon how much you made, and individual doctors and surgeons were extremely fair. If you were extremely poor you did not have to pay at all. Thats the way it should work.
Because the government loosened regulations we are now getting cleaner cars that get better fuel mileage then when the government influenced car manufactures, they would just then build bigger cars and classify them as light trucks.
What extreme left and right wingers don't seem to understand is that there is no magical formula for development.
- Norway has the greatest HDI on Earth, and also one of the biggest tax rates and gov't spending;
- The BRIC countries are below 110th in the ranking of economic freedom;
- The Asian Tigers' model is a result of strong coordination of the gov't with private sectors. They were dictatorships (open or disguised) in their period of growth;
@prosteelheader I disagree. Even in the Asian Tigers, regarded as the blatant example of success of free market economy, there was a lot of govt intervention: coordination to create the export-oriented model, high tariffs to undermine domestic consumption, high investment in education and technology, high savings rate...
Govt intervention is like a medicine, it has to the in the right measure, in the right place, at the right time. It can fuck things up or solve them. There's no magical formula.
I like John Stossel, he is inteligent and brave and makes sense most often. Also I love Japan and the Japanese people. They are gracious and family oriented and extremely wise.
As of 2009, Hong Kong is the fifth most expensive city for expatriates to live in and in spite of being one of the richest economy, the Gini Coefficient indicates that the wealth gap continues to widen in Hong Kong. As of 2006 Hong Kong's measurement is at 53.3, which means the difference between the rich and poor is far greater than that of the mainland China. SLOW CLAP.
@showme6969 Ok, the point I was making is that it is not just hong kong which has got richer in asia. And if you look at median income hong kong looks allot worse due to high inequality. There is no corralation between goverment spending and economic growth and there is no economic model to support this. And for the record I support mostly free markets.
You're assuming those people that worked for the government wouldn't have created things in the private market. They most definitely would have, it's a question of timing. The free market created light bulbs, the assembly line, cars, airplanes, smart phones, and a host of others. Government is best which governs least. Protect people but allow them to invent and innovate.
That's a non-argument, the government could of easily invented the light bulb and all the other things you mentioned. Plus, a private company investing what would be millions of dollars today on a room-sized calculator, or the internet, things that don't make a profit, is very unlikely.
My point still stands, it was big socialist government that gave us satellites, computers, GPS and other terrible things like shrinking the size of computers by buying 100% of semiconductors.
@AndroidPolitician - Fact is, any man with the capacity to think freely and explore his surroundings and practice, test and create things from his hard efforts can come up with all of the things we need to sustain humanity, without discourse and without waste. That Socialist big gov't is a group of elitist's that need to take from the masses to accomplish the smallest of tasks. Take any group of people and give them unlimited $ and they will figure something out, like giving themselves more $.
lol the only entity that has near unlimited money and resources is the government.
In MIT in the 50s for instance, about 90% of the funding came from the Pentagon. Those wiz-kids in MIT got their funding from big evil socialist government.
but the shrinking of computers did come from government. In the 50s, 100% of semiconductors were bought by the military and it was still almost half until the 70s.
If it hadn't been for gov, we wouldn't have computers, computers wouldn't be shrinking, and we wouldn't have the internet.
@AndroidPolitician The first computer was created by a German in 1938. GPS was only used militarily until corprations and the free market started working out pratical uses for it.
The orginal sattilite was in the cold war created by the russians. That is the only BIG government socialist idea. Not that it proves anything anyway
Well first off, I'm talking about the first electronic computer, the ENIAC which was made by the military (aka the government). GPS was only used "military" is like saying it was only used and created by the government.
Actually I'm not talking about Sputnik, I'm talking about Project SCORE and Explorer 1 in America.
Also you forgot about the Internet, and the government buying 100% of semiconductors which is why computers shrank (as well as subsidizing companies like IBM).
@AndroidPolitician Agreed that the government plays a key role in funding scientific research. You raise a good point and this is one of several that really put a dent in some of the more extreme libertarian talking points. The truth is somewhere in the middle, as usual.
rich people setup the poor (i'm part colored) w/ these b/s laws just to suck them dry then make them sick, so many w/out healthcare yet a rich person can spend thousands on like on furniture, clearly somethings wrong but I think it's on purpose... they deny natural medicine like marijuana (constitution was written in hemp), then they spray chemicals in your air, use our money to kill brown ppl abroad then at home use psyops on innocent civilians, "let them eat cake" right?
cops used info they know about my past/exes so a man at school named like my ex set me up to get my funding for college removed (during the middle of a term), they keep threatening to take away my foodstamps, they lie like crazy and make me pay rent, i even had one of these people follow me to where I could get social security for being sick and was denied coverage, that's what's happening for millions, poor peope are used to prop-up rich people, nothing's new under the sun
@nahitini "...poor peope are used to prop-up rich people..."
Excuse me, but you are getting food stamps from where? Those stamps are paid for out of taxes, the taxes of the putatively 'rich people' you malign. 'You' are not propping up rich people. Taxpayers are propping you up with your food stamps, medicare, social security, etc..
That said, you would be far better off in an economy where you were not legally prohibited from getting a job, and prices weren't inflated out of affordability.
sometimes i think rich people want things the way they are because of ego, it makes them feel superior when there's a lower/poorer class so you have to paper-push or suck-up to get to the top, this whole competition thing I think also inhibits progress... but somehow overall maybe rules can be packaged and implimented later rather than all the hassle, like cops in my neighborhood recently gave me a ticket where it cost MORE to go to traffic school, +set me up to get the ticket
I agree completely with Stossel. Sure there are some regulations that should be kept but we need to rethink, revise, and even repeal (and possibly replace) others. There's a huge difference between a regulation that truly protects the people and one that just undermines individual success and the government has lost sight of this and just assumed that any regulation is good no matter what. Now we have excessive government bureaucracy, increased costs, and less opportunity for success.
Good point. Did you know that Canada, no matter how bad their health care is, has no bureaucracy on approval of medical services. They just automatically go through. They have 1 person at the office instead of 1000 in USA medical insurance offices.
Someone who said hong kong is rich because of smart Chinese as opposed to free market is a fool. Hong kong has the same Chinese people that other big Chinese cities like Shanghai ,for example, has. There are smart people in any country, an in many other Chinese cities. There you go. Your argument is debunked.
Hong Kong is rich because it's full of high-IQ Chinese. If it was full of black Africans, there would be no shimmering city. It would be a place full of mud huts, people dying of AIDS and dictators.
@scottvska Ok, you realize eugenics turned out to be a load of nonsense didn't you? The difference between races are only cosmetic at best, all human beings have the same mental capacity. But it must be hard to keep up with all that information when you're trying to keep your hood nice and starched for the next Klan meeting. Fucking garbage.
@DanNinjaMan I was talking about IQ, not eugenics. Your bald-faced claim about the extent of racial differences is irrelevant. Whether there are significant racial differences or not, the fact remains that IQ does differ by race. This is so even when SES is controlled for. This has been cataloged by Richard Lynn, Arthur Jensen, and Philippe Rushton, all them psychologists. The KKK and eugenics are red herrings.
@scottvska Don't be ridiculous. There are MANY "shimmering cities" in MANY countries IN Africa run by African natives and just as their are ppl living in Africa,AMERICA,etc who are living near or in poverty their are many 'high IQ" Chinese ppl in poverty and who do the behind the scenes work in sweat shops. Look beyond stereotypes and you'll realize that a persons IQ doesn't have much at all to do with one's social status.
@scottvska Then how do you explain european countries becoming poor such as pre nazi germany, or so many of the soviet block countries? How do you explain n.korea? There's been plenty of dirt poor european & asian countries in the past. And africa had many empires such as somolia a few thousand years ago.
Maybe history to you is the last 25 yrs., or maybe you just enjoy being a retard!
Then Jesus said to them, "Give to Caesar what is Caesar's and to God what is God's." (Mark 12:17)
The tithe requires that all Christians give 10% of everything they earn to the Church. (Leviticus 27:30; Numbers 18:26; Deuteronomy 14:24; 2 Chronicles 31:5).
So, God wants 10%.
Is Caesar (gov't) who wants OVER 50%, MORE deserving than God?
LUST for power has corrupted “Caesar” who has replaced God’s Liberty with Gov’t Tyranny which destroyed the natural Liberty-Responsibility balance!
Power corrupts and that's why our founders wanted gov't limited and it's power distributed because when power concentrates, it leads to tyranny and genocide like National Socialist WWII Germany and Collective-Socialist USSR, Red China, Cambodia, Laos, Central America and Cuba.
What people don't get is that relieving us of the yoke of government is not a matter of us being 10%, 50% or even 100% better off. Over the long term we would be orders of magnitude better off. If we had been free of government starting 100 years ago, we would today have people living on Mars, we would be that level of wealthy. Caring for the unfortunate would be a near trivial act of charity for such a society, not needing government at all to manage.
@Panpiper Amen. That's exactly what I was thinking. Liberals want to conserve and redistribute existing wealth as if it just emerged randomly by mechanisms beyond our control. You can hear them saying: "Nothing can grow forever, that's unnatural".
Laissez-faire libertarians on the other hand know that there is no limit to our wealth and prosperity, except the limit we impose ourselves.
@Panpiper Yeah it sounds foolish to say we'd have triple or quadruple the wealth, but what people don't remember is that in the past it took dozens of times the work to make cars, computers, and even textiles as it takes now with our modern technology. Technological innovation is what provides prosperity and government, through laws and regulations which prevent experimentation, and taxes and spending which take a large chunk out of our investment resources, slows innovation.
hong kong is the economic business model
theAbeElement 4 months ago 2
4:52
i thought he was gonna say "give me a break"
clayvision 5 months ago in playlist John Stossel - On Liberty
God bless Milton Friedman
papeluso 6 months ago 3
Unfortunately, you got people like "TheYoungTurks" spouting rhetoric like: "The people were starving and dying on the streets before social security, food stamps etc.." I'm sure they were making a reference to the great depression without realizing that was the fault of the "government controlled" Federal Reserve in the first place.
Seiku 6 months ago
People should also realize before BOTH the government and the health insurance companies started meddling with health care, it was dirt cheap (pre 60's). You paid for your health care based upon how much you made, and individual doctors and surgeons were extremely fair. If you were extremely poor you did not have to pay at all. Thats the way it should work.
GunsOfThePhoenix 9 months ago
Because the government loosened regulations we are now getting cleaner cars that get better fuel mileage then when the government influenced car manufactures, they would just then build bigger cars and classify them as light trucks.
GunsOfThePhoenix 9 months ago
@Panpiper Right on, my friend. May you prosper!
Svourdroculed 9 months ago
LOL. HAHAHAHA!!! "There nothing that does so much harm than good intentions." I agree with that.
foremount 11 months ago
What extreme left and right wingers don't seem to understand is that there is no magical formula for development.
- Norway has the greatest HDI on Earth, and also one of the biggest tax rates and gov't spending;
- The BRIC countries are below 110th in the ranking of economic freedom;
- The Asian Tigers' model is a result of strong coordination of the gov't with private sectors. They were dictatorships (open or disguised) in their period of growth;
luizcadu 11 months ago
government intervention will kill anything. no matter what it is. its proven that when government gets involved, the entire system boggs to a hault.
prosteelheader 11 months ago
@prosteelheader I disagree. Even in the Asian Tigers, regarded as the blatant example of success of free market economy, there was a lot of govt intervention: coordination to create the export-oriented model, high tariffs to undermine domestic consumption, high investment in education and technology, high savings rate...
Govt intervention is like a medicine, it has to the in the right measure, in the right place, at the right time. It can fuck things up or solve them. There's no magical formula.
luizcadu 11 months ago
I like John Stossel, he is inteligent and brave and makes sense most often. Also I love Japan and the Japanese people. They are gracious and family oriented and extremely wise.
megadrummer2 1 year ago
As of 2009, Hong Kong is the fifth most expensive city for expatriates to live in and in spite of being one of the richest economy, the Gini Coefficient indicates that the wealth gap continues to widen in Hong Kong. As of 2006 Hong Kong's measurement is at 53.3, which means the difference between the rich and poor is far greater than that of the mainland China. SLOW CLAP.
mod83 1 year ago
What aout Japan? It had an economic sucess with a largely planned economy. So does china now.
thecomputergurukid 1 year ago
@thecomputergurukid And people are just beating down the door to get into China, aren't they? You just can't get through to some people.
showme6969 1 year ago
@showme6969 Ok, the point I was making is that it is not just hong kong which has got richer in asia. And if you look at median income hong kong looks allot worse due to high inequality. There is no corralation between goverment spending and economic growth and there is no economic model to support this. And for the record I support mostly free markets.
thecomputergurukid 1 year ago
The main cause of prosperity is oil. One barrel of oil contains the energy equivalent of over 23,000 hours of human labor.
Castaril 1 year ago
I think the prosperity may also be the result of genetics.
Castaril 1 year ago
@AndroidPolitician
You're assuming those people that worked for the government wouldn't have created things in the private market. They most definitely would have, it's a question of timing. The free market created light bulbs, the assembly line, cars, airplanes, smart phones, and a host of others. Government is best which governs least. Protect people but allow them to invent and innovate.
KMyhero 1 year ago 2
@KMyhero
That's a non-argument, the government could of easily invented the light bulb and all the other things you mentioned. Plus, a private company investing what would be millions of dollars today on a room-sized calculator, or the internet, things that don't make a profit, is very unlikely.
My point still stands, it was big socialist government that gave us satellites, computers, GPS and other terrible things like shrinking the size of computers by buying 100% of semiconductors.
AndroidPolitician 1 year ago
John Stossel is awesome.
cavic7585 1 year ago
The reason why the US or Hong Kong are prosperous is because of huge state intervention.
It was the government that invented computers, satellites, jet planes and of course, the internet.
Imagine what the economy would be like if US Army never invented the ENIAC or if DARPA never created the internet?
AndroidPolitician 1 year ago
@AndroidPolitician - BWAHAHAHAA!
thomaserossi 1 year ago 3
@thomaserossi
My bad I forgot how the free market invented computers satellites and the internet.
AndroidPolitician 1 year ago
@AndroidPolitician What are you talking about? Government takes, it never gives.
megadrummer2 1 year ago
@megadrummer2
Like it never gave the original satellite, the original computer, GPS and the internet?
Those weren't free market inventions, those were socialist big government ideas.
AndroidPolitician 1 year ago
@AndroidPolitician - Fact is, any man with the capacity to think freely and explore his surroundings and practice, test and create things from his hard efforts can come up with all of the things we need to sustain humanity, without discourse and without waste. That Socialist big gov't is a group of elitist's that need to take from the masses to accomplish the smallest of tasks. Take any group of people and give them unlimited $ and they will figure something out, like giving themselves more $.
megadrummer2 1 year ago
@megadrummer2
lol the only entity that has near unlimited money and resources is the government.
In MIT in the 50s for instance, about 90% of the funding came from the Pentagon. Those wiz-kids in MIT got their funding from big evil socialist government.
AndroidPolitician 1 year ago
@AndroidPolitician Microsoft and apple didn't come from governmen
mmamolina 1 year ago
@mmamolina
but the shrinking of computers did come from government. In the 50s, 100% of semiconductors were bought by the military and it was still almost half until the 70s.
If it hadn't been for gov, we wouldn't have computers, computers wouldn't be shrinking, and we wouldn't have the internet.
AndroidPolitician 1 year ago
@AndroidPolitician The first computer was created by a German in 1938. GPS was only used militarily until corprations and the free market started working out pratical uses for it.
The orginal sattilite was in the cold war created by the russians. That is the only BIG government socialist idea. Not that it proves anything anyway
Haza3666 1 year ago
@Haza3666
Well first off, I'm talking about the first electronic computer, the ENIAC which was made by the military (aka the government). GPS was only used "military" is like saying it was only used and created by the government.
Actually I'm not talking about Sputnik, I'm talking about Project SCORE and Explorer 1 in America.
Also you forgot about the Internet, and the government buying 100% of semiconductors which is why computers shrank (as well as subsidizing companies like IBM).
AndroidPolitician 1 year ago
@AndroidPolitician Agreed that the government plays a key role in funding scientific research. You raise a good point and this is one of several that really put a dent in some of the more extreme libertarian talking points. The truth is somewhere in the middle, as usual.
chapaev36 4 months ago
@chapaev36 They also control which science to fund. Something to think about.
ElJefer 3 months ago
rich people setup the poor (i'm part colored) w/ these b/s laws just to suck them dry then make them sick, so many w/out healthcare yet a rich person can spend thousands on like on furniture, clearly somethings wrong but I think it's on purpose... they deny natural medicine like marijuana (constitution was written in hemp), then they spray chemicals in your air, use our money to kill brown ppl abroad then at home use psyops on innocent civilians, "let them eat cake" right?
nahitini 1 year ago
cops used info they know about my past/exes so a man at school named like my ex set me up to get my funding for college removed (during the middle of a term), they keep threatening to take away my foodstamps, they lie like crazy and make me pay rent, i even had one of these people follow me to where I could get social security for being sick and was denied coverage, that's what's happening for millions, poor peope are used to prop-up rich people, nothing's new under the sun
nahitini 1 year ago
@nahitini "...poor peope are used to prop-up rich people..."
Excuse me, but you are getting food stamps from where? Those stamps are paid for out of taxes, the taxes of the putatively 'rich people' you malign. 'You' are not propping up rich people. Taxpayers are propping you up with your food stamps, medicare, social security, etc..
That said, you would be far better off in an economy where you were not legally prohibited from getting a job, and prices weren't inflated out of affordability.
Panpiper 1 year ago
sometimes i think rich people want things the way they are because of ego, it makes them feel superior when there's a lower/poorer class so you have to paper-push or suck-up to get to the top, this whole competition thing I think also inhibits progress... but somehow overall maybe rules can be packaged and implimented later rather than all the hassle, like cops in my neighborhood recently gave me a ticket where it cost MORE to go to traffic school, +set me up to get the ticket
nahitini 1 year ago
I agree completely with Stossel. Sure there are some regulations that should be kept but we need to rethink, revise, and even repeal (and possibly replace) others. There's a huge difference between a regulation that truly protects the people and one that just undermines individual success and the government has lost sight of this and just assumed that any regulation is good no matter what. Now we have excessive government bureaucracy, increased costs, and less opportunity for success.
Infantry9 1 year ago
John Stossel, you are so GANGSTER!
MarcNeilsen 1 year ago
Milt is a pimp!
SuperSneakySteve 1 year ago
AMEN!
jcarey1983 1 year ago
john stossel is awesome. i never get tired of watching him. he's frederic bastiat with a tv show
goPistons06 1 year ago 37
@goPistons06
If you like Stossel you should also watch Friedman's Free to Choose.
MigDanskeren 1 year ago
@MigDanskeren do you know where i can watch the entire thing? i've looked in youtube, and it seems to be just scattered around
thanks
goPistons06 1 year ago
@goPistons06
You can download it as a torrent. TPB has is I think, otherwise just search for "Free to choose torrent".
Sorry I can't provide a streaming link.
MigDanskeren 1 year ago
ya its brillant. Should be required in any college level economics classes. The book is great to. One of the classics.
Bigturns33 1 year ago 2
@Bigturns33
It should be part of the curriculum in elementary school. Perhaps in social studies.
MigDanskeren 1 year ago
Anyone have the link to the full episode of this? I've been looking forever.
TimeWarp66 1 year ago
Good point. Did you know that Canada, no matter how bad their health care is, has no bureaucracy on approval of medical services. They just automatically go through. They have 1 person at the office instead of 1000 in USA medical insurance offices.
StopFear 1 year ago
Someone who said hong kong is rich because of smart Chinese as opposed to free market is a fool. Hong kong has the same Chinese people that other big Chinese cities like Shanghai ,for example, has. There are smart people in any country, an in many other Chinese cities. There you go. Your argument is debunked.
StopFear 1 year ago 3
@scottvska
StopFear 1 year ago
what a retard and a liar.
theracemixer 1 year ago
I really dig that opening and closing music. Nice.
fegolem 1 year ago
Stossel and Napalitano are the few saving graces for Fox. I wish I could get Fox Business from my provider.
fegolem 1 year ago 2
@fegolem
Demand it! ;)
b5b774 1 year ago
Hong Kong is rich because it's full of high-IQ Chinese. If it was full of black Africans, there would be no shimmering city. It would be a place full of mud huts, people dying of AIDS and dictators.
scottvska 1 year ago
@scottvska Wow, seriously? Please stop being ignorant, you're not helping anybody.
DanNinjaMan 1 year ago
@DanNinjaMan Yes, seriously. Please stop being ignorant and read "IQ and The Wealth of Nations"
scottvska 1 year ago
@scottvska Ok, you realize eugenics turned out to be a load of nonsense didn't you? The difference between races are only cosmetic at best, all human beings have the same mental capacity. But it must be hard to keep up with all that information when you're trying to keep your hood nice and starched for the next Klan meeting. Fucking garbage.
DanNinjaMan 1 year ago 2
@DanNinjaMan I was talking about IQ, not eugenics. Your bald-faced claim about the extent of racial differences is irrelevant. Whether there are significant racial differences or not, the fact remains that IQ does differ by race. This is so even when SES is controlled for. This has been cataloged by Richard Lynn, Arthur Jensen, and Philippe Rushton, all them psychologists. The KKK and eugenics are red herrings.
scottvska 1 year ago
@DanNinjaMan
cosmetic? how do you explain retards like yourself then?
SchittReport 1 year ago
@scottvska That's the stupidest thing I have ever heard. It's racist and ignorant.
FunnyGuy732 1 year ago
@scottvska Don't be ridiculous. There are MANY "shimmering cities" in MANY countries IN Africa run by African natives and just as their are ppl living in Africa,AMERICA,etc who are living near or in poverty their are many 'high IQ" Chinese ppl in poverty and who do the behind the scenes work in sweat shops. Look beyond stereotypes and you'll realize that a persons IQ doesn't have much at all to do with one's social status.
buttaluv10 1 year ago
@scottvska Then how do you explain european countries becoming poor such as pre nazi germany, or so many of the soviet block countries? How do you explain n.korea? There's been plenty of dirt poor european & asian countries in the past. And africa had many empires such as somolia a few thousand years ago.
Maybe history to you is the last 25 yrs., or maybe you just enjoy being a retard!
ricadrew 1 year ago
More Freedom = More Prosperity!
nakor667 1 year ago
03:29
Oh my f*cking God. That is so-o quick!
Cleric775 1 year ago
There is nothing that does so much harm as good intentions.
Couldn't have said it better myself.
TheLegalImmigrant05 1 year ago 10
Stossel is the new Milton Friedman.
swenner64 1 year ago
Then Jesus said to them, "Give to Caesar what is Caesar's and to God what is God's." (Mark 12:17)
The tithe requires that all Christians give 10% of everything they earn to the Church. (Leviticus 27:30; Numbers 18:26; Deuteronomy 14:24; 2 Chronicles 31:5).
So, God wants 10%.
Is Caesar (gov't) who wants OVER 50%, MORE deserving than God?
LUST for power has corrupted “Caesar” who has replaced God’s Liberty with Gov’t Tyranny which destroyed the natural Liberty-Responsibility balance!
yakyakyak69 1 year ago
This has been flagged as spam show
yakyakyak69, quoting Bible verses is just going to make you look like an idiot.
MagnusIan 1 year ago
@yakyakyak69, a tithe is voluntary and can be paid in charitable acts (as long as its a sacrifice). Taxes are coerced!!!
Mark 12 doesn't say anything actually belonged to Caesar to begin with. The State is corrupt by definition.
wood9670 1 year ago
@wood9670 My point exactly.
Power corrupts and that's why our founders wanted gov't limited and it's power distributed because when power concentrates, it leads to tyranny and genocide like National Socialist WWII Germany and Collective-Socialist USSR, Red China, Cambodia, Laos, Central America and Cuba.
yakyakyak69 1 year ago
Stossel is great. I wish we had more media men and broadcasters on side.
Individualism101 1 year ago
What people don't get is that relieving us of the yoke of government is not a matter of us being 10%, 50% or even 100% better off. Over the long term we would be orders of magnitude better off. If we had been free of government starting 100 years ago, we would today have people living on Mars, we would be that level of wealthy. Caring for the unfortunate would be a near trivial act of charity for such a society, not needing government at all to manage.
Panpiper 1 year ago 33
@Panpiper Amen. That's exactly what I was thinking. Liberals want to conserve and redistribute existing wealth as if it just emerged randomly by mechanisms beyond our control. You can hear them saying: "Nothing can grow forever, that's unnatural".
Laissez-faire libertarians on the other hand know that there is no limit to our wealth and prosperity, except the limit we impose ourselves.
pooltoo 1 year ago 2
@Panpiper
You are absolutely right!
asierra1492 1 year ago
@Panpiper Hear, hear!
grumpone 1 year ago
@Panpiper Yeah it sounds foolish to say we'd have triple or quadruple the wealth, but what people don't remember is that in the past it took dozens of times the work to make cars, computers, and even textiles as it takes now with our modern technology. Technological innovation is what provides prosperity and government, through laws and regulations which prevent experimentation, and taxes and spending which take a large chunk out of our investment resources, slows innovation.
netster007z 1 year ago
@Panpiper what you said is just so true!
kamuskaizen 1 year ago