World Peace through Free Markets (Penn & Teller Bullshit!)

The best to achieve world peace...

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[TheDynamicPsyche]

Hahahaha, when i first was watching this I thought it was going to be sarcastic. Free Trade as a means to equality is an absurdity, it basically consists of the US and other western powers forcing third world countries to break their solidarity and privatize their assets which are then bought out by western corporations who operate by an overwhelming double standard of protectionist policies.

[upandopen]

@TheDynamicPsyche

1. They didn't say that free trade results in equality; they said it is more likely than anything else to lead to world peace.

2. Western countries don't "force" 3rd world countries to do anything. If 3rd world countries believe the best jobs come from the West, then they choose those jobs.

3. Given your opposition to "double standard protectionist policies" in the West, does this mean you support 100% free trade everywhere?

[Yewon2001]

Wow what a perfect example of corporate peons doing the bidding of their slave masters

[upandopen]

Yup. People who disagree with you cannot possibly hold sincere principled opinions. They must be paid off by evil corporations.

[gww1]

Most of Africa has pretty explicit free trade, and all you end up with is violent gangs and corrupt governments controlling labour and natural resources e.t.c. which ends up with more conflicts than if trade was controlled.

I think their idea about how war starts by being caused by a "lack of respect" overlooks the much much bigger reason which is "I want more stuff". And free trade makes that worse. But if theres war, countries dont care about trade rules, so ultimately its irrelevant.

[upandopen]

How does Africa have free trade? They have corrupt governments that take their property and kill people they don't like. That has nothing to do with free trade.

Going to war to "take" stuff from other countries is not free trade either... and how has free trade ever contributed to that?

He's saying that free trade means that there are incentives against war.

[DaveC86]

@TheDynamicPsyche

if free trade can work across the US states borders, why not across all global borders? borders are irrelevant when it comes to economic law. Imagine if New York did not have free trade with Texas, all people would be poorer! This fact does not magically change when countries trade.

[23lFrench]

So dumb....

[JagjeetMann]

terrible, lost all respect for penn after this

[OfftheRadar9790]

What I see is a serious problem with this is that at some point, some group or some individual will realize that they do not have to acknowledge the right of possession in another person, and they may simply use force to take their possessions, leading to domination and violence.

[666or999]

@TheSaltyAdmiral Scarcity in a free market is baseless and poverty exists in all economic systems but less so in more free systems. Who told you all these things because they are clearly not based in fact.

[666or999]

@TheSaltyAdmiral This is silly. Capatilism causes abundance it always has and you don't even need to know much about economics to know this you need to of gone to a supermarket.

I have yet to hear of a single monopoly that has formed without a government helping it. equality in a economic system leads to a lack of motivation and therefore a lack of production but a free market would have a high amount of oppertunity per person.

[TheGamerJoseph]

@Wintermute01001 Capitalism and free trade leads to an abundance of resources, and reduces the need to invade others for theirs. Capitalism leads to great prosperity.

[metzger90]

@TheDynamicPsyche You are partially right. The West generally does decide to be cocks and create protectionist laws, and also allow for special treatment to some corporations. As history shows the ONLY way for a monopoly to arise is through government help. 100% free trade is more likely to bring world peace than anything else. Communism won't, socialism won't, crony capitalism won't. 100% unregulated, free trade will benefit humanity. GOVERNMENT is the problem, not business.

[sysFail81]

until some OPEC country thinks that the price for their most valuable good ain't fair, tries to change the status quo, and biggest and more powerful army in history of mankind, smashes it.