@TheSooostoned No, capitalism has nothing to do with fractional reserve banking or the federal reserve, that problem was caused by big government and Keynesian economics. Almost all our problems today have been caused by government interference in the free market.
@TheSooostoned Wealth is not a zero sum game. It is generated, not divided. It is a fallacy to claim that if one man becomes richer, it is only because another becomes poorer.
If America became a clone of some European socialist country like Sweden the greedy rich Nazis with Swiss bank accounts would send all their money to Sweden like they did when Pelosi was Speaker of the house because why would they want to pay socialist welfare costs to Americans instead blond haired Swedes? Think global
And now we find out, courtesy the Egyptian Revolution, how much money the US Government has wasted on subsidizing dictatorships in the Middle East. And this is a policy of the capitalists!
The trickle down theory is hilarious! Funny that people actually believe that! Obviously, made up by the rich guys who wanted more money for themselves.
@halflifeproductionz Shhhhh! Don't you know that regulation is evil! That's why Obama is the devil! Did you hear about the bill being passed to allow the FDA to force recalls on unsafe products? That's heretical! If Companies were allowed to just police themselves and do whatever they want surly the market would make everything better right? After all consumers are well informed and can't be manipulated by corporate propaganda right? I mean this is as bad as holding them accountable for lying!
@GoingGoingGalt Adam Smith is rolling in his grave. Relative gross export rank is completely meaningless in this context. You could have at least cited gross exports PER CAPITA. Why don't you do us all a favor and go look up our absolute net trade deficit?
@Newsish You make it sound as though trade deficit is a bad thing. You cite Adam Smith, yet as I can see you know nothing about him. Read up his book, the Wealth of Nations, specifically Book IV, Chapter III, Part II, where he talks about the absurdity about needing to keep a trade balance as opposed to deficit.
Yes, we don't rank very high for exports per capita, yet China and the EU rank below us and the top two are Signapore and Hong Kong, two of the most capitalist countries.
Common infrastructure really isn't that controversial to most free market capitalists. It can be a point of contention, but that's the least of our worries.
I'm not sure what you're getting at with the whole "real world vs. fantasy land" argument; much of mainstream anti capitalism economic thought is rooted in fantasy land.
Calling supporters of bottom up emergence religious is as stupid as calling supporters of evolution religious. Top Down Statists are akin to Creationists.
(You understand this concept so poorly you can't even the actor distinctions between "someone," "they," "people," "boss," and "you."
P.S. It's 1:17pm PST, what the fuck job do you have? YouTube stalker? What kind of benefits does it offer? )
"you can't even the actor distinctions"? um....ok. is that some new language you're inventing? Maybe you could patent it and make a profit. Oh wait, that would make you a capitalist and they're bad, remember?
@woodypynes I said I'm a capitalist in the video you fucking retard. Is your stupidity deafening? Maybe I should file patents on typos.Gee, who should I call to do that? Oh right, the fucking government. Patents are a government-instituted convention and not inherent in free markets (though they're not inconsistent either). But again, you'd have to have more than a third-grader's understanding to know that. Why don't you go do some reading about that on the government-created Internet?
I know you're having trouble trying to grasp the true concept of capitalism, so I will type this slowly. Capitalism is really very simple. Someone has an idea for a product or service, then they market it. People buy that product or service, and the 'boss' makes a profit. Furthermore, if it weren't for capitalism, you would have a job with no future. It's really that simple. And yes, I'd like fries with that.
@woodypynes That's the worst definition I've heard in my life. Is that from "The Retards Guide to Definitions"? I don't think you understand the definition of "definition." You understand this concept so poorly you can't even the actor distinctions between "someone," "they," "people," "boss," and "you."
P.S. It's 1:17pm PST, what the fuck job do you have? YouTube stalker? What kind of benefits does it offer?
A country founded because they wanted to keep slavery when the rest of the empire was ditching the idea. They still hide behind the idea that it was to fight against taxation without representation, but really, it was because of taxation itself.
A country founded by businessmen will only benefit businessmen.
That's a completely inaccurate interpretation of history. You might recall that one of the original points for separation Jefferson put in the Dec. of Independence was that King George introduced slavery into the new world (though they removed it). You may also remember that the southern colonies were the most *reluctant* to rebel. And you might notice that the next 100 years were characterized by a constant legislative fight over the expansion of slavery until the Civil War.
He is not entirely wrong. Part of the reason the colonies were not given a representative in parliament is because the anti-slavery movement in England had already begun, partly as an ethical, religious movement but mostly as a labor movement and the king did not want to anger the movement in the homeland by giving representation to a slave holding colony.
My values are libertarian values. I oppose the initiation of force, and I believe that a free society of individuals entering into voluntary contracts and associations with one another would be the ideal. I believe in private property and free markets. I support voluntary hierarchy. I also support the right of individuals to come together and live in collectivist communes if they so wish. They are my values. What are yours?
Anarcho-Communism. No Capitalism, and no Ownership of the State. Common wealth. Everyone works, and products are distributed equally with a direct democracy.
So, you think gov't should regulate @ the right time, at the right place. Wishful thinking. We all know gov't sucks at everything it does, and if you view 'regulations' as a self-serving parasitic industry (which it is) you then must conclude gov't expands whenever & wherever it can (as George Carlin put it.)
Ask any company head in the USA why they relocated to China and get the same answer over & over: Excessive Regulations & corporate Taxation.
Police - Mere corporate 'officers' to collect money on a mountain of statue victimless laws.
Firefighters = Municipal - Although competing companies ass-wallop city infrastructure jobs / service vs gov't ones (with No competition, no motivations, no accountablity.)
Military - Pentagon can't account for 3 Trillion dollars.
You sir/maam are blurbing yor socialist sarcasm up the wrong tree. I'm a self made multimillionaire as a result of pretending nobody was around to back me.
I think what your saying is very good it brings up a good point that we need to make for the American majority, but I think you do not have the trust of people's choices to make the market, So therefore why would you trust the government to choose which is needed to run and not to run. To use your analogy if a persons target is to talk every girl, the chances of getting success are better than making the self judgment of pick and choose.
Meh, It's ironic that you suggest that capitalism is a religion, and then go on to advocate statist solutions. The state is a projection of parental authority, just like God, the politicians are the privileged priestly class. The state is clearly theistic.
The state is a monopoly on violence, you cannot creatively solve social problems with death threats.
Capitalism is just one ideology, you cannot institutionalize violence to check "inefficiency".
During the first 2min of this video, I was sure I was going to be offended. Seemed like you were setting-up for an assault. I almost stopped watching.
I disagree, but I wasn't offended.
Yes. "Perfect Competition" is bullshit. I hope you aren't lumping that model in with "free market" ideology.
Ya, a cult like following that included the founding fathers! Capitalism is Economic freedom, dude. So it has it's ups and downs but when it's up, we kick ass! If is wasn't for capitalism you wouldn't have a computer or the internet or youtube to post your ideas on. Nobody ever said it was the perfect Economic system, but it promotes freedom. That's why they call it, free markets. And the more the government steps in, the more problems we face. Social Security, takes a huge chunk of my paycheck!
Assuming by Capitalism you mean post Adam Smith, how can our Founding Fathers, who were pre-Capitalism, have advocated an ideal that wasn't published until 1776?
"If is wasn't for capitalism"
Actually, both the computer and the internet came predominately out of the public sector. Tax dollars paid for the majority of the research done by DARPA and RAND
"Nobody ever said it was the perfect Economic system, but it promotes freedom. That's why they call it, free markets"
--True. Just like democracy, capitalism is not perfect, which is why we have a regulated capitalist system.
But capitalism is freedom, socialism is oppression.
This video's host/poster does not realize this yet because of his extensive programming. He's not old enough to understand the bigger picture of anything in his life, let alone capitalism vs socialism.
Ah the absolutely bankrupt form of argument that makes an assertion without actually trying to back it up and then follows it up with an ad hominem attack about a person's age because you have no real substance
"makes an assertion without actually trying to back it up"
--So I have to back up my claim that capitalism is about freedom and socialism is about oppression? WOW!!!! I would say only an idiot or Communist would require me to do that, but that would be an "ad-hominem attack."
"an ad hominem attack about a person's age"
--It's not an ad-hominem attack when it's quite obvious this poster is very young. I mean, he's not in his 50s, is he? And as we all know, wisdom doesn't come from youth.
Only a highly brainwashed individual would hold an assertion as a truism and then claim they do not have to back it up
You haven't even added anything to the discussion. You said the person hosting this show was wrong because he was young while not telling him what he did was wrong which is the definition of ad hominem or a thought terminating cliche. What would you say to a person who was 50 or older who held a similar position? I'll point you to plenty of Economists if you'd like
You really don't see my point do you? Geez i'm really sorry, cause I made it as simple as possible
Ok, lets recap
you think that Newsish is highly brainwashed and too young to know that capitalism = freedom and anyone else who holds a contrary opinion wrong no matter how highly educated or revered and that you don't have to justify any of these positions because they are truisms that all people accept
"But capitalism is freedom, socialism is oppression"
Hits nail on the head. other than state forced 'slavery' to pay everyone elses way (creating generations of dependent weaklings) - politicians are sell out whores who toss bones @ the loudest whiners (special intersts etc) in exchange for votes.
Put simply, they pander to the interests who are merely in business lobbying for next years funding.
The kids today are a write off, school systems / media / gov't programming baby communists.
Removing gov't intervention / taxation leads to stronger family ties, less divorce, and most importantly more generosity. When 90% of your paycheck remains intact, you're in a much better position to support whoever you want much more efficiently than gov't agencies filled with waste & other bullshit I'll spare at this time.
I agree with you for the most part, but I do believe their is a roll for minimal welfare measures on a state and local level for those among us, who, through no fault of their own are unable to earn a living and support themselves. I just think it's too idealistic to say private charity can cure all poverty.
"And as we all know, wisdom doesn't come from youth."
I found as a very young man wisdom doesn't come with age either. (referring to all the brain dead 40-80 year olds - lol)
That said, I totally agree bud. Capitalism is freedom, the problem these kids always over look is the unethical relationships gov't forms with big business, creating monopolies, & squashing out the little guy because of insane costly regulations that big biz lobbied for in the first place.
No regulation at all and too many regulations are both extremes. Well said, sir. Aristotle also said the middle of two opposing extremes is the Golden Mean.
By the way, I like The Never Ending Story's pic in this vid. I grew up with the film.
The US has to improve its education and healthcare system to match the BRIC countries, not revamp its roads, power lines etc etc. Heathcare is placing a heavy financial burden on the economy, and education is a must for success .
As importantly, the US needs to shrewedly and concisely build new regulation for the banking sector to avoid future crashes. The current setup don't prevent irrationality.
Constant stress testing should be used to ensure the performance and survival of banks.
Your show's alright, you could take some cues from Youtuber minouye, who does a political news sketch, which i really like, even though i'm not interested in politics.
(Yes, i know he hasn't posted a video in a while.)
Or if you need to be a bit more blunt in getting your point across, you may find Olly the Octopus of interest.
actually your perfectly correct im so sorry, we should just keep doing things the same way only a few trillion dollars more debt in the next few years should suit us for a good economy, debt = good economy? is that fantasy or is reaganomics the fantasy ?
You realize the debt only started rising in 80's after Reagan's free marketism? It wasn't after Ike's naitonal highways in 50's, it wasn't after LBJ's Medicare or space program in the 60's, it wasn't after environmentalism in the 70's. Only in the 1980's did we develop the insane mentality that we can not develop our economy, not regulate the markets, not pay reasonable taxes, and borrow our way to pay for half-ass government services.
But again, you would only know that if you live in reality.
so do you think it was a good idea for obama to borrow almost a trillion dollars from red china during the height of an economic downturn. how is it going to ''stimulate'' the economy when only a fraction of the spending actually had to do with the economy.
btw, during past times of the '50's and '60's we were an overwhelmingly white country. now we're not. that's a factor. before you start crying racism look at how liberal policies and california's non-white majority contributed to its demise.
okay 2 points... on the lighterside if I do talk to every girl at a bar 1 is going to bite, probaly closer to closing time. I think a better comaparson is, " do I have every drink they serve or no drinks?" Either way by morning I'm not going to call it a fun night! On a serious note and exactly on message we did have 1 21rst centery infrastructer development, the internet, which did exactly what power, water, and phones did in the past. Great vid looking forward to part 2!
Again, this is a grand theory and produces great benefits in fantasy land, but unfortunately it fails miserably in reality. I don't know about you, but I live in reality.
I would contend the definition of fantasy is when people keep repeating the same thing over over, i.e. "it works, it works, it works," but can't offer any actual evidence to explain why that's the case.
Though that's somewhat understandable given that their isn't any evidence.
To say that government hasn't invested in infrastructure in the last 40 years just doesn't play. I see the breakdown a result of incompetent regulation followed by continuous partisan tweaking of regulation. Think sub-prime collapse and the derivative catastrophe that looms in our future. We are a capitalistic-socialist hybrid. Perhaps that is the greater problem. Government can't make life fair. Trying to do so just pollutes the system and the outcome. Just a thought.
Given that the ASCE gives our infrastructure a D grade and that our schools are among the worst performing in the industrialized world and that our healthcare systems cost double yet don't produce better results and we're still dependent on foreign oil, I'd we've failed to make the critical investments that our peer countries have (which is why they're outperforming us). Where do you think we've made investments?
We get most of our foreign oil from Canada and Mexico. I think it was CBS that reported on a special on oil that only 9% comes from Saudi Arabia. We don't get oil from Iran or Iraq. Just thought I'd clarify on that tidbit.
What incentive is there for a politician to fill a pothole or allocate money to be used for bridge maintenance? Is there a ribbon cutting ceremony? Are these new goodies that statist politicians can use to win re-election (more POWER)?
I guess it depends on where you live. If you live were I do you would have to say infrastructure ( roads, utilities, etc) are excellent. however when I drive through parts of the North East I get a different feeling. As far as education we can't say we haven't thrown a ton of money at it. The problem is something else, more a cultural failing.. Healthcare, I agree needs further regulation but , considering the amount of our unfunded liabilities, it isn't a lack of throwing money at it
Healthcare clearly is too expensive but It does produce better results. cancer survival rates , etc bear that out. The problem is high costs. But wen you look at the data keep in mind that Americans have a much more destructive lifestyle, eating, stress, obesity, etc. That is never included in the equation. Comparing ourselves to Japanese or Swedes isn't exactly apples and apples, ya know?
We are better in a few very advanced (and rarer) things like cancer treatment and organ transplants, but we're significantly behind in almost everything else. I ran the numbers compensating for obesity, but that doesn't account for our high costs vs. the UK or Australia who have a fair amount of obesity themselves.
Actually the only reason cancer survival rates are quoted so often is they are the only ones that show the US on top. Infant mortality, life expectancy, even the number of medically induced bankruptcies.
Being on a par with Cuba, a communist third world country, is not something to brag about. Not for the richest, biggest economy in the world.
Look. To say we are " on par with Cuba" makes you look a fool. Period. Also, once again, lifestyle and poor health choices skew the comparison on things like infant mortality and life expectancy. My daughter was born a preemie and spent a while in NICU. If you think she would have been just as well off in a Cuban hospital you need your F'n head examined.
If you take lifestyle considerations into account, America are FAR behind Britain, Australia, and New Zealand, whose citizens make the same lifestyle choices.
And at a cost to benefit ratio, Cuba comes out MASSIVELY on top.
And would you have had access to the required neonatal care in Australia, Britain, any country in the Western World, WITHOUT having to pay massive expenses that could bankrupt you if the insurance company (if you could afford insurance) refused to pay.
Excellent - five stars! I fully agree with your take on this. China passed a stimulus package to improve THEIR infrastructure. Paul Krugman feels our should had been THREE TIMES what we passed to do the same.
I also agree regulated capitalism is needed - reenact Glass-Stegall, worked for 62 years.
I trust you'll see Michael Moore's movie "Capitalism A love Story" when it comes out, not that you (or I) will necessarily agree with it, though I look forawrd to hearing your take on it.
While you're there you might ask yourself why the cost of college education (like health care) has consistently outpaced the rate of inflation.
The reason is that our university system is heavily subsidized with taxpayer dollars and the incentive for univsersities to control costs is nil. They simply jack prices, and govt increases the subsidies.
However, I won't complain as we actually get something of value here...unlike most govt pork.
What I mean is, just as the automobile beat the horse and carriage, then settles on a singular design, or like VCRs and cell phones have survived with competition until a winner in tech was picked by consumers, so should future solutions be determines.
Gov't should fund those who can fix the infrastructure, but if the think GE's (for example) tech is the "winner" that is an unfair advantage to stock holder and can hurt the economy in the long run.
Now it is my turn to amaze, confuse and shock you by saying something the other commenters on here don't expect from me... (drum roll)... I agree with everything you said.
Gasp.
That's correct. I agree with gov't regulation, and the need for careful ballance. And I agree that the gov't's role in cross-nation infastructure is important.
I only have one little comment, the gov't should pick a "winner" in the new infastructure by chosing a single tech or company.
I think it's so funny when people make fun of Glenn Beck for crying. Emotion showing?! What!? Oh my god! Everyone, shield your eyes! Go back to your robotic programming schedules! Hurry! He's crying! Look out! Oh my god! He has a past alcohol problem he conquered and is a better man for it now? Oh my god! He drank alcohol and liked it!!!?? What a monster!!!!
Australia is investing BIG time in infrastructure (go lefties) and as soon as the opposition (boo righties) gets in, they dismantle, deregulate and sell off - suddenly the way of life becomes cheeper due to subsidies provided from the deregulation.
Just before the ALP came to office, the Lib's had managed in 10 years to dismantle and sell off every utility we had.
Our bail out was blown out due to this.
We borrowed from China and Arab nations - LMAO, they own all of us now.
(to avoid confusion, I should point out that the Libs are the right wing party here in Australia- yes we actually DO live on the other side of the planet).
I can't wait for that super high speed broadband network to kick in. It is going to give Australian businesses a huge advantage.
You are assuming that the consumers have perfect information about those deaths, and are willing to believe them. The company could just run a massive disinformation campaign and keep people buying their product. And let me tell you, it has worked. Cigarette companies are still in business after all.
Cigarette companies are a horrible example. Every smoker knows it is addictive and bad for your health.
You seem to have a lot of confidence with 3rd party decision making, but despise allowing 1st parties to make decisions they see best for themselves.
Many in the public are stupid, but ever notice how the audience answers the correct answer something like 95% of the time on Who Wants to be a Millionaire? Crowds can make better decisions than elites.
Hi Newsish. Tonight me and my friends were drinking vanilla rum with doctor pepper and it tasted like alcoholic marshmallows and I showed them your Boyscoiuts ban knibves video where you bust out all the blades and everyone cracked the fuck up that's your best video ever! lol peace
Maybe I should have specified, cigarette companies did this after the surgeon general in the 1960s ended the debate over the ill health effects of cigarettes. Then they used a disinformation campaign to make the public believe that the scientific jury was still out on the subject for decades.
Maybe I should have used one of the top polluters as an example, since they are using disinformation to make the public think that the scientific consensus on climate change doesn't exist.
As soon as the Surgeon General came out saying smoking was bad for you, virtually all my grandparents quit immediately.
The whole climate change debate is a can of worm I have no interest or time in opening here, but polluters are regulated by the government. It doesn't make a difference the BS they tell their customers.
So your grandparents listened to the government agency who's only purpose is to look out for their health over the businesses whose only interest by law is to make money, good on them. The problem is that not everyone will. A truly free market, much like communism, requires a handful of things to work that do not exist in practice. And one of them is perfect information.
I ronically though i think Glen Beck is right to question so called scientific consensus that ''global warming'' is completely human made,we coul dbe ignoring other factors like the power of the sun for instance.
I do think its ironic for Glen Beck to question the mainstream medias depiction of global warming though
Glenn Beck questioned it, because Glenn Beck is owned by corporate interests.
Those who matter, those who have been studying the problem, climatologists, do not agree with the Crying Recovering alcoholic and Drug Addict and Mormon.
"In all our FDA history, we are unable to find a single instance where a Congressional committee investigated the failure of the FDA to approve a new drug. But the time when hearings have been held to criticize our approval of a new drug have been so frequent that we have not been able to count them. The message to the FDA staff could not be clearer."
Beck is so owned by corporate interests that he is opposed to things like the farm bill (which mostly goes to big corporations) and the bailout of banks...........
The Liberal Party of Australia simply uses liberal in its classical sense. Liberal use to mean you were liberal with liberty. Now it means being liberal with government.
Actually, it means that the Liberal party is not just right wing, it served many different idaeiologies (from centre left to centre right), and chose its policies liberally from many of them. The Liberal party opened up Asian immigration for example, it supports our universal healthcare system and welfare system for example.
\
The Far Right wing parties tend to be so unpopular that they normally dissolve into bickering and infighting within a few years.
In countries with big government, the right wing party (that is in power) almost never tries to get rid of the big government. They essentially say they can run the monstrosity better than the left.
I guess we're all owned by corporate interests then. Michael Moore owns stock, Noam Chomsky profits off the Pentagon, and the vast majority of the media, which is liberal, has corporations pay for advertising on their shows.
Consumer advocate Ralph Nader use to say that public television is the only place where consumer advocacy can happen because the corporate stations (ABC, NBC, et cetera) would never be able to criticize their advertisers. Well, like so many thing, he was wrong on that. Consumer advocacy is very much so alive and well on those corporate stations. Public television doesn't do much of it though because they're bureaucrats that don't want to stir the pot.
Oh. So because people have drug problems and conquer them gives you the right to hold it against them. Oh yah, and men aren't aloud to cry either, cause men are emotionless destroyers. Oh yah, and being a mormon is bad, too. They want peace on Earth and equal rights for all mankind, which makes them evil. Riiiiight.
There is a difference between "normal crazy" and "freaking batshit chewing the walls, insane conspiracy theories crying on television the world is going to end and Obama is a communist nazi insane"
Um. Conspiracy is natural to humanity. These people meet these people, through synchronicity people align themselves with others of common interest. Money is exchanged, dinners are held and before you know it, you've got the federal reserve. Alien spacecraft to swamp gas/weather balloon. To quote one of my favorite movies, 'The Abyss', "You think everything's a conspiracy!" The guy's response: "Everything is.."
Everything is a conspiracy at some level, some big, some small.
I'm not a Mormon and have not read their book, but I have the Koran and studied Islam. If you think the Book of Mormon is bad, you haven't read them all.........
Its obvious that Glen Beck and Bill O' Riley are paid and told to stir up the pot because the bottom line is that Glen beck and others only care about selling books,if you write about ''controversial things'' you get more attention and make more money.
I don't watch Fox News, but Bill O'Riley doesn't "stir the pot". He is an old fashioned guy that calls things the way he sees them. He is comfortable in his own skin and is not afraid to bring people on his show to debate him. He is not a real conservative and he is not tied to any ideology.
Glen Beck and Bill O Riley are nothing but 'thug journalists'',instead of debating people they ridicule and discredit people that they dont agree with instead of actually debating that person.
I dont speal fondly of the so called 'liberal'' media networks either,i dont like television networks that are biased to one side,thats why i like PBS better,jim lehrer is someone who is actually a proper journalist
No capitalist will ever say government regulation is bad always. Only anarchists would say that.
I'm at 3 minutes into your video and I agree with everything you have said so far. I am a conservative right-wing nutjob btw. Who's side are you on Newsish???
Why does the federal government need to invest TAX-PAYER DOLLARS into these systems when the gov't could just, not tax so much, and let the people invest in what they want/need.
The answer, you think you are wiser than "the people".
oh, hahaha, I'm glad. I'm pretty libertarian on most domestic issues so I'm very out of touch with most people. I may by default be kind of elitist, but the last thing I want to do is attempt to run peoples lives.
"In a modern democracy, not only can a libertarian be elitist; a libertarian has to be elitist. To be a libertarian in a modern democracy is to say that nearly 300 million Americans are wrong, and a handful of nay-sayers are right."
I like your views, but a production economy isn't going to work. The only possible way that could happen is if the US becomes autarkic and puts tariffs on everything, which would drive up prices massively. The reality of the global economy is that it is more efficient to produce goods in India and China.
To sum up, what is free trade, what is free trade under the present condition of society? It is freedom of capital. When you have overthrown the few national barriers which still restrict the progress of capital, you will merely have given it complete freedom of action. So long as you let the relation of wage labor to capital exist, it does not matter how favorable the conditions under which the exchange of commodities takes place,
there will always be a class which will exploit and a class which will be exploited. It is really difficult to understand the claim of the free-traders who imagine that the more advantageous application of capital will abolish the antagonism between industrial capitalists and wage workers. On the contrary, the only result will be that the antagonism of these two classes will stand out still more clearly
Gentlemen! Do not allow yourselves to be deluded by the abstract word freedom. Whose freedom? It is not the freedom of one individual in relation to another, but the freedom of capital to crush the worker.
But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.
converting america back to a production economy have problems, labor cost is high therefore the production costs is also high, and its all low in china. and most of the production is moving to china.
Mercury is still in most influenza vaccines, including the h1n1 vaccine, which also has squalene in it, which is responsible for gulf war syndrome. It's all a game to the elite. Poison people so they develop health problems and have to be put on medication that costs money. I mean it never ends. Look at UFO's. Anyone who thinks UFO's are a joke a f'ing moron. The government we're in debt to is playing us like strings on a f'ed up guitar and all we're doing is debating meaningless shit!
Concordat: The great depression was worsened and deepened by FDR's domestic policies, by some estimates up to seven years.
Newsish: FDA Guidelines still don't give us 100% safety on our drugs, and people will still always sell snakeoil. To insinuate the government can stop that is laughable. The FDA Approval process takes upwards of 10 years and costs millions of dollars. If you want to talk about lost lives, look to the FDA.
No one said it's perfect, it's just a fuckload better than what we had before. Are you advocating abolishing the FDA? I hope not. The entire point of the series is that not all regulation is good, but don't delude yourself into thinking the market is perfect or that all regulation is bad. If you have a specific problem with a specific regulation (and I agree the FDA approval process is a bit *too* cautious) then make a reasonable case about THAT regulation.
You said "Are you advocating abolishing the FDA" to some other person.
Myself, I don't have a real opinion on whether we should get rid of them. I think they are far to powerful and the criticism I have for them is almost exclusively on the drug side, but honestly, do you know what the argument is against the FDA?
FDR prolonged the depression by seven years?? Haha, he came into office in '33 so when did that actually happen. NO sorry; only in the delusional world of Libertarians, who constantly must twist facts and history to fit their preconceived notion that the so called 'market' can do no wrong, is that idiocy purported. If you were to actually look, you would see that during FDRs first year the deep slide slowed, thanks to his 100 days and other programs.
@TheSooostoned No, capitalism has nothing to do with fractional reserve banking or the federal reserve, that problem was caused by big government and Keynesian economics. Almost all our problems today have been caused by government interference in the free market.
david52875 6 months ago
@TheSooostoned Wealth is not a zero sum game. It is generated, not divided. It is a fallacy to claim that if one man becomes richer, it is only because another becomes poorer.
GoingGoingGalt 6 months ago
If America became a clone of some European socialist country like Sweden the greedy rich Nazis with Swiss bank accounts would send all their money to Sweden like they did when Pelosi was Speaker of the house because why would they want to pay socialist welfare costs to Americans instead blond haired Swedes? Think global
Texasjim2007 8 months ago
And now we find out, courtesy the Egyptian Revolution, how much money the US Government has wasted on subsidizing dictatorships in the Middle East. And this is a policy of the capitalists!
Yakovlievich 11 months ago
The trickle down theory is hilarious! Funny that people actually believe that! Obviously, made up by the rich guys who wanted more money for themselves.
Samael51760 1 year ago
I wish you could have used an example that wasn't about finding a random girl to fuck.
GodlessInfinity 1 year ago
without regulation all sorts of crazy shit will happen, everyone remember the recent crash?
halflifeproductionz 1 year ago
@halflifeproductionz Shhhhh! Don't you know that regulation is evil! That's why Obama is the devil! Did you hear about the bill being passed to allow the FDA to force recalls on unsafe products? That's heretical! If Companies were allowed to just police themselves and do whatever they want surly the market would make everything better right? After all consumers are well informed and can't be manipulated by corporate propaganda right? I mean this is as bad as holding them accountable for lying!
GodlessInfinity 1 year ago
Completely ignorant. Behind China and Germany, the United States is the world's largest exporter of goods and services.
The problem is that there are very few government acts of intervention that would produce any benefit, and even those few we can do without
GoingGoingGalt 1 year ago
@GoingGoingGalt Adam Smith is rolling in his grave. Relative gross export rank is completely meaningless in this context. You could have at least cited gross exports PER CAPITA. Why don't you do us all a favor and go look up our absolute net trade deficit?
Newsish 1 year ago
@Newsish You make it sound as though trade deficit is a bad thing. You cite Adam Smith, yet as I can see you know nothing about him. Read up his book, the Wealth of Nations, specifically Book IV, Chapter III, Part II, where he talks about the absurdity about needing to keep a trade balance as opposed to deficit.
Yes, we don't rank very high for exports per capita, yet China and the EU rank below us and the top two are Signapore and Hong Kong, two of the most capitalist countries.
GoingGoingGalt 1 year ago
youre a pretty awesome troll
why?
i have no clue what your actual beliefs are, its amazing, thumbs up boyo
cluch9 1 year ago
Obama is a failure and we will win in november the gay marriage opposing republicans.
MrTabby5000 1 year ago
Common infrastructure really isn't that controversial to most free market capitalists. It can be a point of contention, but that's the least of our worries.
I'm not sure what you're getting at with the whole "real world vs. fantasy land" argument; much of mainstream anti capitalism economic thought is rooted in fantasy land.
Calling supporters of bottom up emergence religious is as stupid as calling supporters of evolution religious. Top Down Statists are akin to Creationists.
rockandrock44 1 year ago
@rockandrock44
PS: Reagan (the man who grew the State 2/3rds while in office) is not the "God" of Capitalism.
rockandrock44 1 year ago
A SOCIALIST CALLING A CAPITALIST RELIGIOUS AAHAHAHAHAHHAHAHAHAHHAHAHAHAHA
ENJOY BEING A CREATIONIST
BrettDunbar 1 year ago
heh Regan a capitalist. Only Neo-cons are dumb enough to believe that.
avengemm9dog 1 year ago
Love your stuff Bro, subbed :)
ttaz4dqm 1 year ago
(You understand this concept so poorly you can't even the actor distinctions between "someone," "they," "people," "boss," and "you."
P.S. It's 1:17pm PST, what the fuck job do you have? YouTube stalker? What kind of benefits does it offer? )
"you can't even the actor distinctions"? um....ok. is that some new language you're inventing? Maybe you could patent it and make a profit. Oh wait, that would make you a capitalist and they're bad, remember?
woodypynes 1 year ago
@woodypynes I said I'm a capitalist in the video you fucking retard. Is your stupidity deafening? Maybe I should file patents on typos.Gee, who should I call to do that? Oh right, the fucking government. Patents are a government-instituted convention and not inherent in free markets (though they're not inconsistent either). But again, you'd have to have more than a third-grader's understanding to know that. Why don't you go do some reading about that on the government-created Internet?
Newsish 1 year ago
I know you're having trouble trying to grasp the true concept of capitalism, so I will type this slowly. Capitalism is really very simple. Someone has an idea for a product or service, then they market it. People buy that product or service, and the 'boss' makes a profit. Furthermore, if it weren't for capitalism, you would have a job with no future. It's really that simple. And yes, I'd like fries with that.
woodypynes 1 year ago
@woodypynes That's the worst definition I've heard in my life. Is that from "The Retards Guide to Definitions"? I don't think you understand the definition of "definition." You understand this concept so poorly you can't even the actor distinctions between "someone," "they," "people," "boss," and "you."
P.S. It's 1:17pm PST, what the fuck job do you have? YouTube stalker? What kind of benefits does it offer?
Newsish 1 year ago
I hope you realize how agonizing and brainwashed your view is.
MyITRcom 1 year ago
America was a failed country to begin with.
A country founded because they wanted to keep slavery when the rest of the empire was ditching the idea. They still hide behind the idea that it was to fight against taxation without representation, but really, it was because of taxation itself.
A country founded by businessmen will only benefit businessmen.
EziekielNightwind 2 years ago
That's a completely inaccurate interpretation of history. You might recall that one of the original points for separation Jefferson put in the Dec. of Independence was that King George introduced slavery into the new world (though they removed it). You may also remember that the southern colonies were the most *reluctant* to rebel. And you might notice that the next 100 years were characterized by a constant legislative fight over the expansion of slavery until the Civil War.
Newsish 2 years ago
Lets forget slavery altogether. Its been a dead issue for over 100 years.
(at least when it comes to the current/relevant explosion in American prosperity.)
luckyvet 2 years ago
He is not entirely wrong. Part of the reason the colonies were not given a representative in parliament is because the anti-slavery movement in England had already begun, partly as an ethical, religious movement but mostly as a labor movement and the king did not want to anger the movement in the homeland by giving representation to a slave holding colony.
solcypher83 2 years ago
America - in power we trust and for money we lust
HaveAGingerAle 2 years ago
This comment has received too many negative votes show
I HATE CAPITALISM! Americans I don't care what you say, it's not going to chage my mind.
OmarFernandoChavez 2 years ago
@OmarFernandoChavez
You're dumb as rocks.
TimeWarp66 2 years ago
and you're a moron that would much rather be kissing some rich guy's ass than sharing your money with those who don't have any.
OmarFernandoChavez 2 years ago
@OmarFernandoChavez
My values are libertarian values. I oppose the initiation of force, and I believe that a free society of individuals entering into voluntary contracts and associations with one another would be the ideal. I believe in private property and free markets. I support voluntary hierarchy. I also support the right of individuals to come together and live in collectivist communes if they so wish. They are my values. What are yours?
TimeWarp66 2 years ago
Anarcho-Communism. No Capitalism, and no Ownership of the State. Common wealth. Everyone works, and products are distributed equally with a direct democracy.
OmarFernandoChavez 2 years ago
So, you think gov't should regulate @ the right time, at the right place. Wishful thinking. We all know gov't sucks at everything it does, and if you view 'regulations' as a self-serving parasitic industry (which it is) you then must conclude gov't expands whenever & wherever it can (as George Carlin put it.)
Ask any company head in the USA why they relocated to China and get the same answer over & over: Excessive Regulations & corporate Taxation.
luckyvet 2 years ago
Yeah! Government sucks at everything! Like military, like police, like fire fighters!
EziekielNightwind 2 years ago
Comment removed
luckyvet 2 years ago
This has been flagged as spam show
Police - Mere corporate 'officers' to collect money on a mountain of statue victimless laws.
Firefighters = Municipal - Although competing companies ass-wallop city infrastructure jobs / service vs gov't ones (with No competition, no motivations, no accountablity.)
Military - Pentagon can't account for 3 Trillion dollars.
You sir/maam are blurbing yor socialist sarcasm up the wrong tree. I'm a self made multimillionaire as a result of pretending nobody was around to back me.
luckyvet 2 years ago
Government investment in NASA and the NIH has produced amazing results for our economy.
Ramshobraja 2 years ago
I think what your saying is very good it brings up a good point that we need to make for the American majority, but I think you do not have the trust of people's choices to make the market, So therefore why would you trust the government to choose which is needed to run and not to run. To use your analogy if a persons target is to talk every girl, the chances of getting success are better than making the self judgment of pick and choose.
fun505 2 years ago
Meh, It's ironic that you suggest that capitalism is a religion, and then go on to advocate statist solutions. The state is a projection of parental authority, just like God, the politicians are the privileged priestly class. The state is clearly theistic.
The state is a monopoly on violence, you cannot creatively solve social problems with death threats.
Capitalism is just one ideology, you cannot institutionalize violence to check "inefficiency".
Jcolinsol 2 years ago
This has been flagged as spam show
This has got to be a Poe.
Guncriminal 2 years ago
During the first 2min of this video, I was sure I was going to be offended. Seemed like you were setting-up for an assault. I almost stopped watching.
I disagree, but I wasn't offended.
Yes. "Perfect Competition" is bullshit. I hope you aren't lumping that model in with "free market" ideology.
-Jeff
gunsandbullhorns 2 years ago
Do you read any Milton Friedman???
wafflepistol 2 years ago
He should. Than he'd take down this God awfully stupid video.
TimeWarp66 2 years ago
OMG he knows the name of an Economist everybody
iwiwla22 2 years ago 2
Ya, a cult like following that included the founding fathers! Capitalism is Economic freedom, dude. So it has it's ups and downs but when it's up, we kick ass! If is wasn't for capitalism you wouldn't have a computer or the internet or youtube to post your ideas on. Nobody ever said it was the perfect Economic system, but it promotes freedom. That's why they call it, free markets. And the more the government steps in, the more problems we face. Social Security, takes a huge chunk of my paycheck!
wafflepistol 2 years ago
Assuming by Capitalism you mean post Adam Smith, how can our Founding Fathers, who were pre-Capitalism, have advocated an ideal that wasn't published until 1776?
"If is wasn't for capitalism"
Actually, both the computer and the internet came predominately out of the public sector. Tax dollars paid for the majority of the research done by DARPA and RAND
iwiwla22 2 years ago
"Nobody ever said it was the perfect Economic system, but it promotes freedom. That's why they call it, free markets"
--True. Just like democracy, capitalism is not perfect, which is why we have a regulated capitalist system.
But capitalism is freedom, socialism is oppression.
This video's host/poster does not realize this yet because of his extensive programming. He's not old enough to understand the bigger picture of anything in his life, let alone capitalism vs socialism.
NoGuff 2 years ago
Ah the absolutely bankrupt form of argument that makes an assertion without actually trying to back it up and then follows it up with an ad hominem attack about a person's age because you have no real substance
absolutely pathetic
iwiwla22 2 years ago
"makes an assertion without actually trying to back it up"
--So I have to back up my claim that capitalism is about freedom and socialism is about oppression? WOW!!!! I would say only an idiot or Communist would require me to do that, but that would be an "ad-hominem attack."
"an ad hominem attack about a person's age"
--It's not an ad-hominem attack when it's quite obvious this poster is very young. I mean, he's not in his 50s, is he? And as we all know, wisdom doesn't come from youth.
NoGuff 2 years ago
Only a highly brainwashed individual would hold an assertion as a truism and then claim they do not have to back it up
You haven't even added anything to the discussion. You said the person hosting this show was wrong because he was young while not telling him what he did was wrong which is the definition of ad hominem or a thought terminating cliche. What would you say to a person who was 50 or older who held a similar position? I'll point you to plenty of Economists if you'd like
iwiwla22 2 years ago
"Only a highly brainwashed individual would hold an assertion as a truism"
--Only a Leftist zombie can twist a known fact into a debatable opinion.
"You said the person hosting this show was wrong because he was young"
--Lie. I said he's wrong, and he's too young so he needs life experience to speak from a place of wisdom.
"not telling him what he did was wrong"
--Lie. I did. You just didn't like what I wrote.
"What would you say"
--I'd say they're wrong. Wrong is wrong.
NoGuff 2 years ago
You really don't see my point do you? Geez i'm really sorry, cause I made it as simple as possible
Ok, lets recap
you think that Newsish is highly brainwashed and too young to know that capitalism = freedom and anyone else who holds a contrary opinion wrong no matter how highly educated or revered and that you don't have to justify any of these positions because they are truisms that all people accept
Glad to know your open minded and objective
iwiwla22 2 years ago
"truisms that all people accept"
--Wow, I'm really getting through to you, aren't I? Oh happy day!
NoGuff 2 years ago
typical conservative tard taking things out of context
iwiwla22 2 years ago
"typical conservative tard taking things out of context"
--Typical Libtard lacking a valid argument.
NoGuff 2 years ago
"But capitalism is freedom, socialism is oppression"
Hits nail on the head. other than state forced 'slavery' to pay everyone elses way (creating generations of dependent weaklings) - politicians are sell out whores who toss bones @ the loudest whiners (special intersts etc) in exchange for votes.
Put simply, they pander to the interests who are merely in business lobbying for next years funding.
The kids today are a write off, school systems / media / gov't programming baby communists.
luckyvet 2 years ago
@luckyvet
"dependent weaklings"???
Social darwinist much?
TimeWarp66 2 years ago
Misunderstanding.
Removing gov't intervention / taxation leads to stronger family ties, less divorce, and most importantly more generosity. When 90% of your paycheck remains intact, you're in a much better position to support whoever you want much more efficiently than gov't agencies filled with waste & other bullshit I'll spare at this time.
luckyvet 2 years ago
@luckyvet
I agree with you for the most part, but I do believe their is a roll for minimal welfare measures on a state and local level for those among us, who, through no fault of their own are unable to earn a living and support themselves. I just think it's too idealistic to say private charity can cure all poverty.
TimeWarp66 2 years ago
"And as we all know, wisdom doesn't come from youth."
I found as a very young man wisdom doesn't come with age either. (referring to all the brain dead 40-80 year olds - lol)
That said, I totally agree bud. Capitalism is freedom, the problem these kids always over look is the unethical relationships gov't forms with big business, creating monopolies, & squashing out the little guy because of insane costly regulations that big biz lobbied for in the first place.
+1 for you ;)
luckyvet 2 years ago
capitilism brings forth you tube which in my book is better that porn, so i say unto you i will pry for more capitilism and wish
more of the fantancy world
datzfast 2 years ago
and no i wont be subscibing but, thankyou for begging me to do so.
datzfast 2 years ago
No regulation at all and too many regulations are both extremes. Well said, sir. Aristotle also said the middle of two opposing extremes is the Golden Mean.
By the way, I like The Never Ending Story's pic in this vid. I grew up with the film.
crazyboyfromjapan 2 years ago
This comment has received too many negative votes show
you liberal sack of shit!!
gooookstomp 2 years ago
@gooookstomp
Wow what a well articulated argument. You really added to the debate
iwiwla22 2 years ago
So radically reasonable! LOL 5 stars and subbed, look forward to the rest of your series and will check out your other vids.
erkd1 2 years ago
Goverment have no money, it can only take it away at gun point and spend it.
true capitalism means no federal reaserve lowering interest rate creating massive malinvestment.
simontimon2 2 years ago
It also means that there's a panic every 10 or so years in which everyone takes their money out of the banks and sinks the economy.
EziekielNightwind 2 years ago
you mean fraud laws
simontimon2 2 years ago
The US has to improve its education and healthcare system to match the BRIC countries, not revamp its roads, power lines etc etc. Heathcare is placing a heavy financial burden on the economy, and education is a must for success .
As importantly, the US needs to shrewedly and concisely build new regulation for the banking sector to avoid future crashes. The current setup don't prevent irrationality.
Constant stress testing should be used to ensure the performance and survival of banks.
emalkin71 2 years ago
You are a brave man Newshish guy, taking on the fanaticals of unfettered capitalism.
Still, I am interested to hear your thoughts on the issue.
waltermh111 2 years ago
Your show's alright, you could take some cues from Youtuber minouye, who does a political news sketch, which i really like, even though i'm not interested in politics.
(Yes, i know he hasn't posted a video in a while.)
Or if you need to be a bit more blunt in getting your point across, you may find Olly the Octopus of interest.
tanner1ie 2 years ago
hello my friend amazing is really cool your vids.
continue share with me to comment
flyasfastasyoucan 2 years ago
I thought you sounded reasonable, and I'll probably be back to watch following episodes.
Altimadark 2 years ago
very nice
unknown1129 2 years ago
I really think you should school this other youtuber who calls himself "How The World Works" with some video responses, IMO.
hakaida0 2 years ago
Others do that decently well, though they dont counter all his videos and hes popular enough that he can use another person to take him on
But honestly, HTWW is not an intelligent representation of a capitalist
Hes an extremist whos so emotionally involved in his belief, he really does treat it like a religion
Hes one of the least sane ones on youtube, though that is what gets him the subscribers
Just saying, its hard to know how much its worth to mess with him.
More then others, or less?
waltermh111 2 years ago
actually your perfectly correct im so sorry, we should just keep doing things the same way only a few trillion dollars more debt in the next few years should suit us for a good economy, debt = good economy? is that fantasy or is reaganomics the fantasy ?
tigerag29607 2 years ago
You realize the debt only started rising in 80's after Reagan's free marketism? It wasn't after Ike's naitonal highways in 50's, it wasn't after LBJ's Medicare or space program in the 60's, it wasn't after environmentalism in the 70's. Only in the 1980's did we develop the insane mentality that we can not develop our economy, not regulate the markets, not pay reasonable taxes, and borrow our way to pay for half-ass government services.
But again, you would only know that if you live in reality.
Newsish 2 years ago
so do you think it was a good idea for obama to borrow almost a trillion dollars from red china during the height of an economic downturn. how is it going to ''stimulate'' the economy when only a fraction of the spending actually had to do with the economy.
btw, during past times of the '50's and '60's we were an overwhelmingly white country. now we're not. that's a factor. before you start crying racism look at how liberal policies and california's non-white majority contributed to its demise.
dale1966gto 2 years ago
Yes, that is super racist.
Newsish 2 years ago
but it's the truth, babe. and the truth will set you free.
dale1966gto 2 years ago
They are both fantasies you dunce. Wake up, not that I actually expect a 16 year old whose still in HS to have anything interesting to contribute.
jereuter01 2 years ago
wow governent shouldn't regulate anything, returning to American values zomg news flash barely any government, primitive..
tigerag29607 2 years ago
obesity is a health issue due to self-control, and isn't an unpreventable "condition
tigerag29607 2 years ago
That point you made it has it's own god and has everything a cult has I completly agree, but many other political parties have done so in the past.
MrPuffyable 2 years ago
Ya Rock on.
ReggyGDI 2 years ago
okay 2 points... on the lighterside if I do talk to every girl at a bar 1 is going to bite, probaly closer to closing time. I think a better comaparson is, " do I have every drink they serve or no drinks?" Either way by morning I'm not going to call it a fun night! On a serious note and exactly on message we did have 1 21rst centery infrastructer development, the internet, which did exactly what power, water, and phones did in the past. Great vid looking forward to part 2!
zzubnevets 2 years ago
low taxes = more money for poeple, more money for people = more money going to the economy and purchases, less government = happy people,
"Government is not the solution, Government is the problem"
- Ronald Reagan
rublab1 2 years ago
Yeah Cause Reaganomics Worked So Well lol
XXXXXMintYCQyz 2 years ago
Again, this is a grand theory and produces great benefits in fantasy land, but unfortunately it fails miserably in reality. I don't know about you, but I live in reality.
Newsish 2 years ago
its amazing that it worked, weird reality isn't fantasy
tigerag29607 2 years ago
I would contend the definition of fantasy is when people keep repeating the same thing over over, i.e. "it works, it works, it works," but can't offer any actual evidence to explain why that's the case.
Though that's somewhat understandable given that their isn't any evidence.
Newsish 2 years ago
To say that government hasn't invested in infrastructure in the last 40 years just doesn't play. I see the breakdown a result of incompetent regulation followed by continuous partisan tweaking of regulation. Think sub-prime collapse and the derivative catastrophe that looms in our future. We are a capitalistic-socialist hybrid. Perhaps that is the greater problem. Government can't make life fair. Trying to do so just pollutes the system and the outcome. Just a thought.
SoFlaPatriot 2 years ago
Given that the ASCE gives our infrastructure a D grade and that our schools are among the worst performing in the industrialized world and that our healthcare systems cost double yet don't produce better results and we're still dependent on foreign oil, I'd we've failed to make the critical investments that our peer countries have (which is why they're outperforming us). Where do you think we've made investments?
Newsish 2 years ago
"we're still dependent on foreign oil"
We get most of our foreign oil from Canada and Mexico. I think it was CBS that reported on a special on oil that only 9% comes from Saudi Arabia. We don't get oil from Iran or Iraq. Just thought I'd clarify on that tidbit.
What incentive is there for a politician to fill a pothole or allocate money to be used for bridge maintenance? Is there a ribbon cutting ceremony? Are these new goodies that statist politicians can use to win re-election (more POWER)?
Americaisgreat123 2 years ago
I guess it depends on where you live. If you live were I do you would have to say infrastructure ( roads, utilities, etc) are excellent. however when I drive through parts of the North East I get a different feeling. As far as education we can't say we haven't thrown a ton of money at it. The problem is something else, more a cultural failing.. Healthcare, I agree needs further regulation but , considering the amount of our unfunded liabilities, it isn't a lack of throwing money at it
SoFlaPatriot 2 years ago
Healthcare clearly is too expensive but It does produce better results. cancer survival rates , etc bear that out. The problem is high costs. But wen you look at the data keep in mind that Americans have a much more destructive lifestyle, eating, stress, obesity, etc. That is never included in the equation. Comparing ourselves to Japanese or Swedes isn't exactly apples and apples, ya know?
SoFlaPatriot 2 years ago
We are better in a few very advanced (and rarer) things like cancer treatment and organ transplants, but we're significantly behind in almost everything else. I ran the numbers compensating for obesity, but that doesn't account for our high costs vs. the UK or Australia who have a fair amount of obesity themselves.
Newsish 2 years ago
Actually the only reason cancer survival rates are quoted so often is they are the only ones that show the US on top. Infant mortality, life expectancy, even the number of medically induced bankruptcies.
Being on a par with Cuba, a communist third world country, is not something to brag about. Not for the richest, biggest economy in the world.
dangerouslytalented 2 years ago
Look. To say we are " on par with Cuba" makes you look a fool. Period. Also, once again, lifestyle and poor health choices skew the comparison on things like infant mortality and life expectancy. My daughter was born a preemie and spent a while in NICU. If you think she would have been just as well off in a Cuban hospital you need your F'n head examined.
SoFlaPatriot 2 years ago
If you take lifestyle considerations into account, America are FAR behind Britain, Australia, and New Zealand, whose citizens make the same lifestyle choices.
And at a cost to benefit ratio, Cuba comes out MASSIVELY on top.
And would you have had access to the required neonatal care in Australia, Britain, any country in the Western World, WITHOUT having to pay massive expenses that could bankrupt you if the insurance company (if you could afford insurance) refused to pay.
dangerouslytalented 2 years ago
You touch on a very important point - our solutions for the past 40 years have been throwing money at problems.
Newsish 2 years ago
Excellent - five stars! I fully agree with your take on this. China passed a stimulus package to improve THEIR infrastructure. Paul Krugman feels our should had been THREE TIMES what we passed to do the same.
I also agree regulated capitalism is needed - reenact Glass-Stegall, worked for 62 years.
I trust you'll see Michael Moore's movie "Capitalism A love Story" when it comes out, not that you (or I) will necessarily agree with it, though I look forawrd to hearing your take on it.
timmmahhhh 2 years ago
Uh...no. Cults are based on superstition and fantasy. If it's based on reality then it isn't a cult.
You want physical evidence? Try attending a university and major in history, economics, or finance. Duh!
JohnR22926 2 years ago
You mean one of the thousands of public universities in America?
Newsish 2 years ago
newsish: Why yes. That's exactly what I mean.
While you're there you might ask yourself why the cost of college education (like health care) has consistently outpaced the rate of inflation.
The reason is that our university system is heavily subsidized with taxpayer dollars and the incentive for univsersities to control costs is nil. They simply jack prices, and govt increases the subsidies.
However, I won't complain as we actually get something of value here...unlike most govt pork.
JohnR22926 2 years ago
politics arent my cup of tea, because im not very educated in the matter, but you produce a very good film/show
daveofTBZworld 2 years ago
i don't know where this is heading, but so far it seems interesting
NotTooObvious 2 years ago
JFK assassination being a superb and easy example.
DWest174 2 years ago
Part 2
What I mean is, just as the automobile beat the horse and carriage, then settles on a singular design, or like VCRs and cell phones have survived with competition until a winner in tech was picked by consumers, so should future solutions be determines.
Gov't should fund those who can fix the infrastructure, but if the think GE's (for example) tech is the "winner" that is an unfair advantage to stock holder and can hurt the economy in the long run.
So, good video.
bsabruzzo 2 years ago
Now it is my turn to amaze, confuse and shock you by saying something the other commenters on here don't expect from me... (drum roll)... I agree with everything you said.
Gasp.
That's correct. I agree with gov't regulation, and the need for careful ballance. And I agree that the gov't's role in cross-nation infastructure is important.
I only have one little comment, the gov't should pick a "winner" in the new infastructure by chosing a single tech or company.
(cont)
bsabruzzo 2 years ago
Hell I'm a man and I cry for Newsish every night when I pray for him to become president some day.
DWest174 2 years ago
I think it's so funny when people make fun of Glenn Beck for crying. Emotion showing?! What!? Oh my god! Everyone, shield your eyes! Go back to your robotic programming schedules! Hurry! He's crying! Look out! Oh my god! He has a past alcohol problem he conquered and is a better man for it now? Oh my god! He drank alcohol and liked it!!!?? What a monster!!!!
DWest174 2 years ago
They don't make fun of him because he's crying, they make fun of him because he's a ham.
concordat 2 years ago
I am glad I got on the Newsish bandwagon early because you are really starting to hit your stride.
clownpenisfart 2 years ago
Love your videos. Keep on rocking.
peterukk 2 years ago
ADAM SMITH, OKAY!
ecminc 2 years ago
LOL
ecminc 2 years ago
Gold.
Australia is investing BIG time in infrastructure (go lefties) and as soon as the opposition (boo righties) gets in, they dismantle, deregulate and sell off - suddenly the way of life becomes cheeper due to subsidies provided from the deregulation.
Just before the ALP came to office, the Lib's had managed in 10 years to dismantle and sell off every utility we had.
Our bail out was blown out due to this.
We borrowed from China and Arab nations - LMAO, they own all of us now.
PurplenovaX 2 years ago
(to avoid confusion, I should point out that the Libs are the right wing party here in Australia- yes we actually DO live on the other side of the planet).
I can't wait for that super high speed broadband network to kick in. It is going to give Australian businesses a huge advantage.
dangerouslytalented 2 years ago
"If a product that kills a hundred thousand people is put on the market, how is that different from terrorism?"
And that company would not make any profit off that drug and get sued in tort court to high heaven.
What about the people that die because the FDA takes over a decade to approve life saving drugs?
Americaisgreat123 2 years ago
You are assuming that the consumers have perfect information about those deaths, and are willing to believe them. The company could just run a massive disinformation campaign and keep people buying their product. And let me tell you, it has worked. Cigarette companies are still in business after all.
concordat 2 years ago
Cigarette companies are a horrible example. Every smoker knows it is addictive and bad for your health.
You seem to have a lot of confidence with 3rd party decision making, but despise allowing 1st parties to make decisions they see best for themselves.
Many in the public are stupid, but ever notice how the audience answers the correct answer something like 95% of the time on Who Wants to be a Millionaire? Crowds can make better decisions than elites.
Americaisgreat123 2 years ago
Hi Newsish. Tonight me and my friends were drinking vanilla rum with doctor pepper and it tasted like alcoholic marshmallows and I showed them your Boyscoiuts ban knibves video where you bust out all the blades and everyone cracked the fuck up that's your best video ever! lol peace
DWest174 2 years ago
Maybe I should have specified, cigarette companies did this after the surgeon general in the 1960s ended the debate over the ill health effects of cigarettes. Then they used a disinformation campaign to make the public believe that the scientific jury was still out on the subject for decades.
Maybe I should have used one of the top polluters as an example, since they are using disinformation to make the public think that the scientific consensus on climate change doesn't exist.
concordat 2 years ago
As soon as the Surgeon General came out saying smoking was bad for you, virtually all my grandparents quit immediately.
The whole climate change debate is a can of worm I have no interest or time in opening here, but polluters are regulated by the government. It doesn't make a difference the BS they tell their customers.
Americaisgreat123 2 years ago
So your grandparents listened to the government agency who's only purpose is to look out for their health over the businesses whose only interest by law is to make money, good on them. The problem is that not everyone will. A truly free market, much like communism, requires a handful of things to work that do not exist in practice. And one of them is perfect information.
concordat 2 years ago
I ronically though i think Glen Beck is right to question so called scientific consensus that ''global warming'' is completely human made,we coul dbe ignoring other factors like the power of the sun for instance.
I do think its ironic for Glen Beck to question the mainstream medias depiction of global warming though
fenderboy88 2 years ago
Glenn Beck questioned it, because Glenn Beck is owned by corporate interests.
Those who matter, those who have been studying the problem, climatologists, do not agree with the Crying Recovering alcoholic and Drug Addict and Mormon.
dangerouslytalented 2 years ago 3
"In all our FDA history, we are unable to find a single instance where a Congressional committee investigated the failure of the FDA to approve a new drug. But the time when hearings have been held to criticize our approval of a new drug have been so frequent that we have not been able to count them. The message to the FDA staff could not be clearer."
-Former Commissioner of the FDA
Americaisgreat123 2 years ago
Beck is so owned by corporate interests that he is opposed to things like the farm bill (which mostly goes to big corporations) and the bailout of banks...........
Your logic is flawed.
Americaisgreat123 2 years ago
The Liberal Party of Australia simply uses liberal in its classical sense. Liberal use to mean you were liberal with liberty. Now it means being liberal with government.
Americaisgreat123 2 years ago
Actually, it means that the Liberal party is not just right wing, it served many different idaeiologies (from centre left to centre right), and chose its policies liberally from many of them. The Liberal party opened up Asian immigration for example, it supports our universal healthcare system and welfare system for example.
\
The Far Right wing parties tend to be so unpopular that they normally dissolve into bickering and infighting within a few years.
dangerouslytalented 2 years ago
In countries with big government, the right wing party (that is in power) almost never tries to get rid of the big government. They essentially say they can run the monstrosity better than the left.
I guess we're all owned by corporate interests then. Michael Moore owns stock, Noam Chomsky profits off the Pentagon, and the vast majority of the media, which is liberal, has corporations pay for advertising on their shows.
Again boy, where is your logic?
Americaisgreat123 2 years ago
Beck is owned by CERTAIN corporate interests, i.e. the ones that pay for him and his show.
If he toed the corporate line every time, then they would not even bother paying for his show.
dangerouslytalented 2 years ago
Consumer advocate Ralph Nader use to say that public television is the only place where consumer advocacy can happen because the corporate stations (ABC, NBC, et cetera) would never be able to criticize their advertisers. Well, like so many thing, he was wrong on that. Consumer advocacy is very much so alive and well on those corporate stations. Public television doesn't do much of it though because they're bureaucrats that don't want to stir the pot.
Facts suck eh?
Americaisgreat123 2 years ago
Oh. So because people have drug problems and conquer them gives you the right to hold it against them. Oh yah, and men aren't aloud to cry either, cause men are emotionless destroyers. Oh yah, and being a mormon is bad, too. They want peace on Earth and equal rights for all mankind, which makes them evil. Riiiiight.
Dangerouslytalented, you're dangerously annoying.
DWest174 2 years ago
I am pointing out that he is seriously deluded and prone to crazy behavior.
And you have not actually READ the book of Mormon have you? The kind of racist stuff that is in there would make your eyes bleed.
dangerouslytalented 2 years ago 3
Prone to crazy behavior? Who isn't prone to crazy behavior? This is Earth, we are human, we're all fucking nuts, bro.
DWest174 2 years ago
There is a difference between "normal crazy" and "freaking batshit chewing the walls, insane conspiracy theories crying on television the world is going to end and Obama is a communist nazi insane"
dangerouslytalented 2 years ago 2
Um. Conspiracy is natural to humanity. These people meet these people, through synchronicity people align themselves with others of common interest. Money is exchanged, dinners are held and before you know it, you've got the federal reserve. Alien spacecraft to swamp gas/weather balloon. To quote one of my favorite movies, 'The Abyss', "You think everything's a conspiracy!" The guy's response: "Everything is.."
Everything is a conspiracy at some level, some big, some small.
DWest174 2 years ago
It does not need to be a huge conspiracy, in fact sometimes things work like a conspiracy even though they did not organise it that way.
However, Beck AUTOMATICALLY labels everything the opposition does as a vast conspiracy, and that is simply not the case.
dangerouslytalented 2 years ago
Beck's opposition is republicans and democrats. He blasts them both.
DWest174 2 years ago
I'm not a Mormon and have not read their book, but I have the Koran and studied Islam. If you think the Book of Mormon is bad, you haven't read them all.........
Americaisgreat123 2 years ago
Its obvious that Glen Beck and Bill O' Riley are paid and told to stir up the pot because the bottom line is that Glen beck and others only care about selling books,if you write about ''controversial things'' you get more attention and make more money.
fenderboy88 2 years ago
I don't watch Fox News, but Bill O'Riley doesn't "stir the pot". He is an old fashioned guy that calls things the way he sees them. He is comfortable in his own skin and is not afraid to bring people on his show to debate him. He is not a real conservative and he is not tied to any ideology.
Americaisgreat123 2 years ago
That doesnt excuse him for discrediting people and his thug journalism tactics
fenderboy88 2 years ago
Glen Beck and Bill O Riley are nothing but 'thug journalists'',instead of debating people they ridicule and discredit people that they dont agree with instead of actually debating that person.
I dont speal fondly of the so called 'liberal'' media networks either,i dont like television networks that are biased to one side,thats why i like PBS better,jim lehrer is someone who is actually a proper journalist
fenderboy88 2 years ago
mmk this is awesome :)
TheKelseyMiller 2 years ago
No capitalist will ever say government regulation is bad always. Only anarchists would say that.
I'm at 3 minutes into your video and I agree with everything you have said so far. I am a conservative right-wing nutjob btw. Who's side are you on Newsish???
Why does the federal government need to invest TAX-PAYER DOLLARS into these systems when the gov't could just, not tax so much, and let the people invest in what they want/need.
The answer, you think you are wiser than "the people".
collins1188 2 years ago
Yes, I do think I'm wiser than "the people."
Newsish 2 years ago
"Yes, I do think I'm wiser than 'the people.'"
Newish,
Can you make better decisions for people than they can for themselves?
Americaisgreat123 2 years ago
I was joking, don't take things like that too seriously.
Newsish 2 years ago
oh, hahaha, I'm glad. I'm pretty libertarian on most domestic issues so I'm very out of touch with most people. I may by default be kind of elitist, but the last thing I want to do is attempt to run peoples lives.
"In a modern democracy, not only can a libertarian be elitist; a libertarian has to be elitist. To be a libertarian in a modern democracy is to say that nearly 300 million Americans are wrong, and a handful of nay-sayers are right."
-GMU Economics Professor Bryan Caplan
Americaisgreat123 2 years ago
"Yes, I do think I'm wiser than the [American] people."
~Newsish
arrogance - overbearing pride evidenced by a superior manner toward others.
Need I say more?
collins1188 2 years ago
I would agree with you, but the bar is so low it's almost hard to NOT be smarter than most Americans.
Know where Iraq is on the map? Smarter than most.
Know what a including a public option in health care reform means? Only 37% of Americans do.
Many Americans are stupid, and the fact that politicians and pundits try to make people feel proud of being ignorant doesn't really help.
concordat 2 years ago
I like your views, but a production economy isn't going to work. The only possible way that could happen is if the US becomes autarkic and puts tariffs on everything, which would drive up prices massively. The reality of the global economy is that it is more efficient to produce goods in India and China.
pavanboi26 2 years ago
(1/4)
To sum up, what is free trade, what is free trade under the present condition of society? It is freedom of capital. When you have overthrown the few national barriers which still restrict the progress of capital, you will merely have given it complete freedom of action. So long as you let the relation of wage labor to capital exist, it does not matter how favorable the conditions under which the exchange of commodities takes place,
Rundstedt1 2 years ago
(2/4
there will always be a class which will exploit and a class which will be exploited. It is really difficult to understand the claim of the free-traders who imagine that the more advantageous application of capital will abolish the antagonism between industrial capitalists and wage workers. On the contrary, the only result will be that the antagonism of these two classes will stand out still more clearly
Rundstedt1 2 years ago
(3/4)
Gentlemen! Do not allow yourselves to be deluded by the abstract word freedom. Whose freedom? It is not the freedom of one individual in relation to another, but the freedom of capital to crush the worker.
Rundstedt1 2 years ago
(4/4)
But, in general, the protective system of our day is conservative, while the free trade system is destructive. It breaks up old nationalities and pushes the antagonism of the proletariat and the bourgeoisie to the extreme point. In a word, the free trade system hastens the social revolution. It is in this revolutionary sense alone, gentlemen, that I vote in favor of free trade.
Marx on the question of Free Trade. 1848
Rundstedt1 2 years ago
these has good insight on it,
converting america back to a production economy have problems, labor cost is high therefore the production costs is also high, and its all low in china. and most of the production is moving to china.
emancoy 2 years ago
Man, there was a libertarian booth at the college fair today. And my God the girl standing there was so cute. I'd switch sides for her. =D
Sadly, she has a boyfriend. =(
Fucking libertarians.
Savior20061 2 years ago 2
Wow, I really am a paranoid mofo. Sorry for being so off-topic constantly, lol
DWest174 2 years ago
Mercury is still in most influenza vaccines, including the h1n1 vaccine, which also has squalene in it, which is responsible for gulf war syndrome. It's all a game to the elite. Poison people so they develop health problems and have to be put on medication that costs money. I mean it never ends. Look at UFO's. Anyone who thinks UFO's are a joke a f'ing moron. The government we're in debt to is playing us like strings on a f'ed up guitar and all we're doing is debating meaningless shit!
DWest174 2 years ago
Bry is such a hot ass nerdy mofo : if you dig hot nerds, check my nerd channels, YO :D
electronicoffee 2 years ago
Concordat: The great depression was worsened and deepened by FDR's domestic policies, by some estimates up to seven years.
Newsish: FDA Guidelines still don't give us 100% safety on our drugs, and people will still always sell snakeoil. To insinuate the government can stop that is laughable. The FDA Approval process takes upwards of 10 years and costs millions of dollars. If you want to talk about lost lives, look to the FDA.
razznixx 2 years ago
No one said it's perfect, it's just a fuckload better than what we had before. Are you advocating abolishing the FDA? I hope not. The entire point of the series is that not all regulation is good, but don't delude yourself into thinking the market is perfect or that all regulation is bad. If you have a specific problem with a specific regulation (and I agree the FDA approval process is a bit *too* cautious) then make a reasonable case about THAT regulation.
Newsish 2 years ago
Newish,
You said "Are you advocating abolishing the FDA" to some other person.
Myself, I don't have a real opinion on whether we should get rid of them. I think they are far to powerful and the criticism I have for them is almost exclusively on the drug side, but honestly, do you know what the argument is against the FDA?
Americaisgreat123 2 years ago
(1/2)
FDR prolonged the depression by seven years?? Haha, he came into office in '33 so when did that actually happen. NO sorry; only in the delusional world of Libertarians, who constantly must twist facts and history to fit their preconceived notion that the so called 'market' can do no wrong, is that idiocy purported. If you were to actually look, you would see that during FDRs first year the deep slide slowed, thanks to his 100 days and other programs.
Rundstedt1 2 years ago 3
Two UCLA