The Truth About Robert Reich
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Uploaded by BobMurphyAncap on Jun 17, 2011
Austrian School economist Bob Murphy responds to Robert Reich's video, "The Truth About the Economy."
http://consultingbyrpm.com/blog
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@Bmants Yeah they dont have internet in austria :D ... jeez i hoped that was a sarcasm "Austrian school of economics" is called Austrian because the founders of that school came from Austria (they emigrated to US).
MrJigssaw1989 8 hours ago
Sorry, I will go with Reich. What are you doing here if you teach in Austria?
Bmants 11 hours ago
Ad hominem attack.
NotMuchNU 23 hours ago
@rustyrusk But humans ARE EVIL by nature,duh!!! You fail.
KJBPSkipper 3 days ago
@rustyrusky Your just ignorant.. don't get involved with the convo..
I said what an evil capitalist was right than and there. lol
gurtanator 4 days ago
@gurtanator What is an "evil capitalist"? The virtue of capitalism is that by pursuing his own interest a capitalist always engages in social cooperation and by the virtue of the profit/loss system specifically, the capitalist has to adjust his actions to the demands of the customer. By all the implications of its philosophy it can't be evil.
Evil is the grab for power and control. But it's the system that encourages this kind of behavior, not the evil nature of humans generally.
rustyrusky 5 days ago
@mpc91 How exactly is it the best system for the poor?? Because they're too lazy to get off their ass and actually work for their money? I think what you meant to say is that truthful and caring capitalist people is the best system for the poor. What about the evil capitalist? The ones who only care about themselves? Ever thought of that? Truth is the only way our mess will be fixed. Then we can move onto capitalism. You wonder why we have such a large government now. Cause of LIARS. #Truth
gurtanator 6 days ago
@gurtanator - Capitalism is more than OK - it's the best system in the world - FOR THE POOR.
You want to find the places where the poor are doing the best, it's in the countries with the freest market economies.
You want to find the worst poverty, it's in the countries with the greatest amount of government control over the economy.
I have no doubt that you mean well, but anti-capitalism always claims to be for the poor, while in reality benefiting ONLY the political elite.
mpc91 6 days ago
@gurtanator JAHUAHUAHUAAHUAHUAHU
paunocu666 6 days ago
So let me get this straight. YOU think capitalism is ok? What about the people? What if we had say for example.. 10,000 people with 20b each and they had 99% of the worlds money. Now the poor people have 1% of the worlds money.. say for example 990,000 people with $1,000 each. Where do you find fairness or equality in that? I think not. Capitalism is evil.. greedy people should be punished with taxes.
gurtanator 1 week ago