4:29 - Affordable housing: the guise that got us into the financial recession. I cannot believe you would make this statement. Sub-prime lending is atrocious and has been extremely detrimental to both the housing market and our economy in general. Do you honestly feel that congress was so successful at this, that you want to give it another go? Please tell me that this is a sick and tasteless joke.
I grow weary of this. Bottom line: less government = less socialism for the rich!
I was referring to affordable housing in Holland. It is built, managed & rented by very large corporations. The Dutch invented the corporation and every other aspect of capitalism.
As an American, you cannot imagine any other reality but American poverty.
Wow, that's quite a statement. Actually, I live in Iraq. I see a poverty most will never understand. I have been to Brazil, Argentina, Philippines, Thailand, Indonesia, Malaysia, Brunei, Singapore, Japan, Barbados, Aruba, Martinique, Curacao, St. Maarten, UK, France, Italy, Spain, Turkey, Israel, Singapore and a few others. The Favellas of Rio stand out in my mind, the abject poverty of the Philippines and Thailand as well. Don't presume to know me or my qualifications in economics.
So, you do not have degree and have not studied economics. You live in Iraq but are not an Iraqi. You are an Imperial colonizer, Empire builder. Good for you.
Have you been to America? If so, how does American poverty compare The Favellas?
I grew up in American poverty. It's extravagant by comparison to anywhere else I have been. Thanks in part to the economic freedom of the US. As the rich improve their lives in the US, the poor do as well. To the point where poverty means not having an HDTV or cable. That is because of the free market, not government.
I find it a little disconcerting that you use your free speech so loosely while calling me, a US Naval Officer in Iraq, a colonizer. Why do the Iraqis thank me so much for the free speech they just received, but you choose to call me those things with it? You take a lot for granted.
The Navy paid for my undergraduate degree through the University of Pennsylvania NROTC; a bastion of liberalism in Philadelphia. I attended Drexel University. I do finance targeting in Iraq.
I don't know your bonafides but I cannot understand how you thought that Friedman's "assumption" was MV=PT; it was MV=PQ. You think roads are the most basic service of government, when justice and rule of law is the reason for government. There are many errors in your posts and videos.
I now see you bonafides. If you use the same scholarship in economics that you use with the wars, then I'm afraid you'll always wonder why the world doesn't behave like you think it should.
The problem with you is not ignorance; it's that so much of what you know, isn't true.
You are a Hard Data man. Do you have any specifics to offer readers? Actually, my analysis of American Imperialism is fairly standard history. I guess history is different in the ROTC building.
Are you serious? Am I really the first to refer to all invader, colonizers in Iraq war criminals who kill for cartels to steal resources and attack the world in the name of world hegemony. Certainly, Justice Robert Jackson would consider you a war criminal. Supreme Court Judge Jackson was sent to Nuremberg as a prosecutor and another time as a judge. Jackson said the greatest war crime is to invade another country. You and your comrades have mass murdered over 2 million Iraqis.
Nobel Prize winner Mariread Maguire grew up in the poverty of Ireland and when she traveled to America a few years ago, she said she had never seen such poverty as in America. As the great Socialist, Professor Michael Harrington wrote in his book "The Other America," the poor are unseen because they do not see themselves. Poverty in America is seen only when there is a tornado or hurricane.
I have never heard of her in the field of economics. When did she get her Nobel Prize? At any rate, the statement is absurd. For one, you say that people in America don't realize they are poor until their houses get destroyed; as though the agent of destruction has no part.
You can have these opinions without my rancor, but you have to come up with real logic. Even people who agree with your final destination would cringe at your arguments. So please stop peddling 2nd hand ideas.
@ussseaw0lf dude, I knew people are in poverty. They don't have HDTV . So what about cable? Everyone has cheap cable. America's poverty isn't like Africa's.lol
I love how at 2:20, you admit that the multiplier effect happens outside the government. I will say it again, Kaynes did not say government spending. He said autonomous spending; which relies heavily on capitalism in the form of private investing. The government cannot create a multiplier effect because for every dollar it spends, it must take out more than one. As I said before, if you were right, then governments should ALWAYS deficit spend.
2:40 - Would you seriously still say that we need to do as much as Europe now? What is your view of unfunded liabilities?
2:50 - A more basic service of government: Rule of Law. Where, exactly, are you deriving your idea of government?
3:08 - Private companies have always built roads. There are no Federal construction workers, they are all private companies that bid for government contracts.
3:33 - You don't mean healthcare, you mean no cost. If you want a deeper conversation let me know.
I would enjoy a conversation anytime, however in is hard to tell what points you are making. Please elaborate.
As to Europe, I lived in Holland for 8 years. The Dutch are the greatest Keynesians, although the Chinese may be even better. Recently The Netherlands had 3.2% unemployment. While this statistic may not be important to ASe types, it is impressive to Keynesians.
It is hard to understand your point, as you make a distinction without a difference. Keynes whole point is to address a world where there is a sudden drop in private business spending. When the private business portion of aggregate demand collapses, Keynes suggested increases government spending or lower taxes - to make up for the failure of business confidence.
Governments don't "create a multiplier effect." It exists as an economic reality.
It is much more important that people be made capable of affoarding their own basic needs. It is not the government's job to pull people out of poverty but to give them the means to do it themselves. Then the taxes can be used to make actual improvements to the infrastructure such as highways, schools etc.
I completely agree that pure capitalism is a very darwinistic ideology and does not serve the needs of society at large. But I do not agree with socialism of Rousseau either because what the government gives you, it can also take away. What is more important is to have government aid programs which people can rely on if necessary, but more importantly to facilitate intense competition among companies to fulfill societies needs. like letting people cross state lines to buy health insurance.
free market capitalism doesn't work. ... it makes people starve, suffer, and become ill.
entire communities are being foreclosed. the media still concentrates on the fact that these are ghost towns and the value of homes is nil. ... what about the people who lived in them!!!? the families, the children?!!!
Why be oblique, obscure, obfuscatory, obnoxious, when you could clearly state what you mean by your criticism? Why be a mystery wrapped in an enigma? Don't be shy. It is UnAmerican to be shy.
Please remember that psychiatrists assert that 90% OF all communication is projection. Are you telling us you need a psychologist?
Good video, informative points the situation we are in now was predicted years ago by left wing. European and British economists even pro free market capitalists were warning.
That the bubble would birst and it has poor, poorly educated people there job is to shop and then die in wars.
"...$250,000. That's what it costs to put them through."
Yeah, I'd like to know where you get your numbers. Public universities are, on average, $12,796 a year, and that INCLUDES tuition, room and board, and a meal plan. 250 grand, huh? Sounds a bit off.
While one can find public universities for $10-12,000 tuition, room, board, books & transportation are additional. In any case, I was referring to the private colleges & universities the Power Elite send their meritocracy to.
"Every country in the world has universal health care in one sort or another." Then, you go on to say that Giuliani suggested this was a toward socialism. How did Giuliani mis-characterize this? How is it not socialist? You make many presuppositions - namely, that healthcare is a right.
"I am, therefore the government should pay for my healthcare."
What is your point? Are you opposed to universal health care? Rather, are you in favor of 65 million Americans being without health care? Don't you consider health care a right? If not, why not?
Some countries have universal health care and the government is not involved, Germany for example. Do you consider Medicare socialism?
I have class right now, but I will respond tonight on this. Don't think I'm ignoring you, my friend.
Just so you know, I am not responding to your videos to be some creeper. Haha. I just seem to have a profoundly different worldview than you, and I think it worthy to pursue a healthy discussion of the issues that plague us.
Part I - You are correct. My weltanschauung (world view) is different from your and the cultural parent. You have a bourgeois perspective, while mine is working class. One sees the difference throughout history: Vichy France, the Spanish Civil War, etc.
I make the case the middle class hates the poor, working class and lower middle class in my video "Why the Middle Class Hates the Poor." It is based on "The Protestant Work Ethic and the Spirit of Capitalism" by Max Weber.
Part II - The middle class also hates the poor for the same psychological reason whites hate people of color. It gives the middle class the psychic benefit of superiority.
The shame of it is the poor, working class and lower middle class don't know they are under attack and in the middle of a class war. Therefore, they are unable to defend themselves.
Part III - According to the French Enlightenment philosopher Jean Jacques Rousseau the rich form governments to steal from the poor. This is done mainly through the tax system and various forms of welfare for the rich. All this is well documented by Pulitzer Prize winning journalist (NY Times) and author David Kay Johnson. He has written several books on how the rich transfer wealth from the poor to themselves.
Part IV - The rich and the middle class root for the rich and the Poor and working class have been trained to also root for the rich. WE are according to MIT Professor Noam Chomsky the most propagandized country to have ever existed (see "Manufacturing Consent" 1989 Pantheon Press); more so then the German people under Hitler or the Russian people under Stalin. Americans are sheep who will believe anything the G-men tell them.
We have different views because I do not root for the rich.
Thank's radiohogan. The British Liberal government laid the foundations of contemporary social services, (now eroded). The concerns were "national efficiency" and the need to provide an infrastructure of public services. Moreover,1905 Unemployed Workmen Act: labour exchanges. 1907 School Medical Service. 1908 Old Age Pensions. 1909 Labour exchanges. 1911 National Insurance Act: this covered health and unemployment. Why? Because an "efficient" market could not operate with a sick workforce.
I know this has nothing to do with this video but are you against a fair tax instead of the income tax?
attemptingtobehumble 11 months ago
4:29 - Affordable housing: the guise that got us into the financial recession. I cannot believe you would make this statement. Sub-prime lending is atrocious and has been extremely detrimental to both the housing market and our economy in general. Do you honestly feel that congress was so successful at this, that you want to give it another go? Please tell me that this is a sick and tasteless joke.
I grow weary of this. Bottom line: less government = less socialism for the rich!
ussseaw0lf 1 year ago
@ussseaw0lf
I was referring to affordable housing in Holland. It is built, managed & rented by very large corporations. The Dutch invented the corporation and every other aspect of capitalism.
As an American, you cannot imagine any other reality but American poverty.
radiohogan 1 year ago
Wow, that's quite a statement. Actually, I live in Iraq. I see a poverty most will never understand. I have been to Brazil, Argentina, Philippines, Thailand, Indonesia, Malaysia, Brunei, Singapore, Japan, Barbados, Aruba, Martinique, Curacao, St. Maarten, UK, France, Italy, Spain, Turkey, Israel, Singapore and a few others. The Favellas of Rio stand out in my mind, the abject poverty of the Philippines and Thailand as well. Don't presume to know me or my qualifications in economics.
ussseaw0lf 1 year ago
@ussseaw0lf
So, you do not have degree and have not studied economics. You live in Iraq but are not an Iraqi. You are an Imperial colonizer, Empire builder. Good for you.
Have you been to America? If so, how does American poverty compare The Favellas?
radiohogan 1 year ago
I grew up in American poverty. It's extravagant by comparison to anywhere else I have been. Thanks in part to the economic freedom of the US. As the rich improve their lives in the US, the poor do as well. To the point where poverty means not having an HDTV or cable. That is because of the free market, not government.
ussseaw0lf 1 year ago
I find it a little disconcerting that you use your free speech so loosely while calling me, a US Naval Officer in Iraq, a colonizer. Why do the Iraqis thank me so much for the free speech they just received, but you choose to call me those things with it? You take a lot for granted.
ussseaw0lf 1 year ago 2
The Navy paid for my undergraduate degree through the University of Pennsylvania NROTC; a bastion of liberalism in Philadelphia. I attended Drexel University. I do finance targeting in Iraq.
I don't know your bonafides but I cannot understand how you thought that Friedman's "assumption" was MV=PT; it was MV=PQ. You think roads are the most basic service of government, when justice and rule of law is the reason for government. There are many errors in your posts and videos.
ussseaw0lf 1 year ago
@ussseaw0lf
You and yours do death. Stop kidding yourself and try to get over your post infantile hypnosis.
radiohogan 1 year ago
I now see you bonafides. If you use the same scholarship in economics that you use with the wars, then I'm afraid you'll always wonder why the world doesn't behave like you think it should.
The problem with you is not ignorance; it's that so much of what you know, isn't true.
ussseaw0lf 1 year ago
@ussseaw0lf
You are a Hard Data man. Do you have any specifics to offer readers? Actually, my analysis of American Imperialism is fairly standard history. I guess history is different in the ROTC building.
radiohogan 1 year ago
@ussseaw0lf
Are you serious? Am I really the first to refer to all invader, colonizers in Iraq war criminals who kill for cartels to steal resources and attack the world in the name of world hegemony. Certainly, Justice Robert Jackson would consider you a war criminal. Supreme Court Judge Jackson was sent to Nuremberg as a prosecutor and another time as a judge. Jackson said the greatest war crime is to invade another country. You and your comrades have mass murdered over 2 million Iraqis.
radiohogan 1 year ago
@ussseaw0lf
Nobel Prize winner Mariread Maguire grew up in the poverty of Ireland and when she traveled to America a few years ago, she said she had never seen such poverty as in America. As the great Socialist, Professor Michael Harrington wrote in his book "The Other America," the poor are unseen because they do not see themselves. Poverty in America is seen only when there is a tornado or hurricane.
radiohogan 1 year ago
I have never heard of her in the field of economics. When did she get her Nobel Prize? At any rate, the statement is absurd. For one, you say that people in America don't realize they are poor until their houses get destroyed; as though the agent of destruction has no part.
You can have these opinions without my rancor, but you have to come up with real logic. Even people who agree with your final destination would cringe at your arguments. So please stop peddling 2nd hand ideas.
ussseaw0lf 1 year ago
@ussseaw0lf dude, I knew people are in poverty. They don't have HDTV . So what about cable? Everyone has cheap cable. America's poverty isn't like Africa's.lol
CloudsofBliss 1 year ago
I love how at 2:20, you admit that the multiplier effect happens outside the government. I will say it again, Kaynes did not say government spending. He said autonomous spending; which relies heavily on capitalism in the form of private investing. The government cannot create a multiplier effect because for every dollar it spends, it must take out more than one. As I said before, if you were right, then governments should ALWAYS deficit spend.
Look up autonomous spending. Please.
ussseaw0lf 1 year ago
2:40 - Would you seriously still say that we need to do as much as Europe now? What is your view of unfunded liabilities?
2:50 - A more basic service of government: Rule of Law. Where, exactly, are you deriving your idea of government?
3:08 - Private companies have always built roads. There are no Federal construction workers, they are all private companies that bid for government contracts.
3:33 - You don't mean healthcare, you mean no cost. If you want a deeper conversation let me know.
ussseaw0lf 1 year ago
@ussseaw0lf
I would enjoy a conversation anytime, however in is hard to tell what points you are making. Please elaborate.
As to Europe, I lived in Holland for 8 years. The Dutch are the greatest Keynesians, although the Chinese may be even better. Recently The Netherlands had 3.2% unemployment. While this statistic may not be important to ASe types, it is impressive to Keynesians.
radiohogan 1 year ago
@ussseaw0lf
It is hard to understand your point, as you make a distinction without a difference. Keynes whole point is to address a world where there is a sudden drop in private business spending. When the private business portion of aggregate demand collapses, Keynes suggested increases government spending or lower taxes - to make up for the failure of business confidence.
Governments don't "create a multiplier effect." It exists as an economic reality.
radiohogan 1 year ago
Fuck'n A, Fuck'n A right Mike
ACMization 2 years ago
It is much more important that people be made capable of affoarding their own basic needs. It is not the government's job to pull people out of poverty but to give them the means to do it themselves. Then the taxes can be used to make actual improvements to the infrastructure such as highways, schools etc.
grandmasterqz 2 years ago
I completely agree that pure capitalism is a very darwinistic ideology and does not serve the needs of society at large. But I do not agree with socialism of Rousseau either because what the government gives you, it can also take away. What is more important is to have government aid programs which people can rely on if necessary, but more importantly to facilitate intense competition among companies to fulfill societies needs. like letting people cross state lines to buy health insurance.
grandmasterqz 2 years ago
Nice job ! I hope Canada is not that far gone
bubukaka5 2 years ago
Hello bubukaka5:
Thanks
All the Best / Mike Hogan
radiohogan 2 years ago
free market capitalism doesn't work. ... it makes people starve, suffer, and become ill.
entire communities are being foreclosed. the media still concentrates on the fact that these are ghost towns and the value of homes is nil. ... what about the people who lived in them!!!? the families, the children?!!!
capitalism destroys lives.
yourkeyed 2 years ago
Hello YourKeyed:
Your expressive passion is the best.
Thank you / Mike Hogan
radiohogan 2 years ago
Great points! I agree with you.
thinkverybig 2 years ago
Hello ThinkVery Big:
Your comment is appreciated.
All the Best / Mike Hogan
radiohogan 2 years ago
Sorry man, I know you need a Psychologist, but I Just dont want my tax dollars paying for it.
riorio23 3 years ago
Why be oblique, obscure, obfuscatory, obnoxious, when you could clearly state what you mean by your criticism? Why be a mystery wrapped in an enigma? Don't be shy. It is UnAmerican to be shy.
Please remember that psychiatrists assert that 90% OF all communication is projection. Are you telling us you need a psychologist?
radiohogan 3 years ago
Ah but this is not America, this is the internet.
riorio23 3 years ago
Good video, informative points the situation we are in now was predicted years ago by left wing. European and British economists even pro free market capitalists were warning.
That the bubble would birst and it has poor, poorly educated people there job is to shop and then die in wars.
Kalydosos 3 years ago
"...$250,000. That's what it costs to put them through."
Yeah, I'd like to know where you get your numbers. Public universities are, on average, $12,796 a year, and that INCLUDES tuition, room and board, and a meal plan. 250 grand, huh? Sounds a bit off.
Ooftyman 3 years ago
While one can find public universities for $10-12,000 tuition, room, board, books & transportation are additional. In any case, I was referring to the private colleges & universities the Power Elite send their meritocracy to.
radiohogan 3 years ago
"Every country in the world has universal health care in one sort or another." Then, you go on to say that Giuliani suggested this was a toward socialism. How did Giuliani mis-characterize this? How is it not socialist? You make many presuppositions - namely, that healthcare is a right.
"I am, therefore the government should pay for my healthcare."
Ooftyman 3 years ago
What is your point? Are you opposed to universal health care? Rather, are you in favor of 65 million Americans being without health care? Don't you consider health care a right? If not, why not?
Some countries have universal health care and the government is not involved, Germany for example. Do you consider Medicare socialism?
radiohogan 3 years ago
I have class right now, but I will respond tonight on this. Don't think I'm ignoring you, my friend.
Just so you know, I am not responding to your videos to be some creeper. Haha. I just seem to have a profoundly different worldview than you, and I think it worthy to pursue a healthy discussion of the issues that plague us.
Ooftyman 3 years ago
There is no rush. America will soon be bankrupt and we will all have more time for conversation.
radiohogan 3 years ago
Part I - You are correct. My weltanschauung (world view) is different from your and the cultural parent. You have a bourgeois perspective, while mine is working class. One sees the difference throughout history: Vichy France, the Spanish Civil War, etc.
I make the case the middle class hates the poor, working class and lower middle class in my video "Why the Middle Class Hates the Poor." It is based on "The Protestant Work Ethic and the Spirit of Capitalism" by Max Weber.
radiohogan 3 years ago
Part II - The middle class also hates the poor for the same psychological reason whites hate people of color. It gives the middle class the psychic benefit of superiority.
The shame of it is the poor, working class and lower middle class don't know they are under attack and in the middle of a class war. Therefore, they are unable to defend themselves.
radiohogan 3 years ago
Part III - According to the French Enlightenment philosopher Jean Jacques Rousseau the rich form governments to steal from the poor. This is done mainly through the tax system and various forms of welfare for the rich. All this is well documented by Pulitzer Prize winning journalist (NY Times) and author David Kay Johnson. He has written several books on how the rich transfer wealth from the poor to themselves.
radiohogan 3 years ago
Part IV - The rich and the middle class root for the rich and the Poor and working class have been trained to also root for the rich. WE are according to MIT Professor Noam Chomsky the most propagandized country to have ever existed (see "Manufacturing Consent" 1989 Pantheon Press); more so then the German people under Hitler or the Russian people under Stalin. Americans are sheep who will believe anything the G-men tell them.
We have different views because I do not root for the rich.
radiohogan 3 years ago
Thank's radiohogan. The British Liberal government laid the foundations of contemporary social services, (now eroded). The concerns were "national efficiency" and the need to provide an infrastructure of public services. Moreover,1905 Unemployed Workmen Act: labour exchanges. 1907 School Medical Service. 1908 Old Age Pensions. 1909 Labour exchanges. 1911 National Insurance Act: this covered health and unemployment. Why? Because an "efficient" market could not operate with a sick workforce.
podman51 3 years ago