Economics 101 Lesson (~in 46 seconds~)

Music: civillianslave (thx!)

Give it a name; just not the "free market"...

From the Fed to earmarks to no bids, this is anything but "Adam Smith" 'western liberal' style economics.

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Category:

News & Politics

Tags:

• economics
• lesson
• 101
• corporatism
• not
• free
• market
• theory
• of
• moral
• sentiment

[VoluntaryGov]

This is a horrible video that doesn not reflect even the slightest amount of intellectual knowledge. The idea that a monopoly consists of multiple companies is a contradiction in terms at best. The facts are incorrect and the video is inconsistent with real world economics. Delete this video.

[dustinthegael]

there is a huge difference between an oligopoly and a monopoly, and to suggest that they are synonymous is pretty dumb. a monopolist firm produces a quantity where price is equal to marginal cost (price givers), but oligopolies do not have this luxury because other firms would take the market share by having a lower price (price takers). oligopolies are competitive. this is why most oil cartels attempting to act like monopolies fail (ie economic incentive to deviate from the agreement).

[northdolphmusic]

Obama is probably a set up job, but he is better than any Republican idiot I have seen except for Huntsman, who also looks like a set up.Huntsman did not make a showing yet but I bet he will take New Hampshire and move ahead of the three stooges. I am not advocating for him, he just appears to be a continuation of our change. Otherwise Obama will be re-elected, and maybe this time he will get support from all Americans and not just Democrats!!!

[northdolphmusic]

Many Americans wear blinders and do not understand history and have not adjusted to the concept of a global market. They think everything is still business as usual, as we give up our services and schools while wealthy lobbyists move our politicians to give our tax dollars away to foreign countries paving the way for capitalism and our wayward corporations to continue to make huge profits.

[northdolphmusic]

Americans would have to be willing to work for a competitive rate, thus giving away their standard of living and moving into grass huts without running water. Today our standard of living is challenged because the corporations spawned in the US have no allegence to their people and have gone over seas.

[northdolphmusic]

With a global free market, American workers were challenged by 14 year olds working for .25 an hour and industries that were willing to work for fractions of what the costs in the US would be. Unions and regulations in the US to protect the workers and society could not compete in a global market that did not have the costs of regulation and unions.

[northdolphmusic]

The US was and remains a free market society. The recent financial crisis is compound, but one component was NAFTA. NAFTA allowed a global free market for US business..

[st8pl8guy]

I used to have a monopoly, then I took an arrow in the knee.

[7SenSiz]

I like turtle

[666or999]

@ATG0009 Yeh i met a banker the other day who told me to be his slave. Seeing as he was a member of the ruling class i had to follow his order and now live in a shack in his occasionally serving him dinner.

[ATG0009]

As long as there exist a ruling class....(bankers, multi-millionaires, lobbiest, and special interest groups) there will always be ..DEPENDENCE=SLAVERY!