Comments by "Louis Giokas" (@louisgiokas2206) on "TIKhistory" channel.

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  4. The point made at about 7:30 is salient to the reasons where socialism/communism was successful. Marx, as I understand him, thought that the revolution would start in the countries with the most developed industrial proletariat. He was thinking of Germany, the UK and the US. Of course, his whole theory of historical and social development was a load of crap. I was going to say flawed, but crap better describes it. For all their complaints, the proletariat understood that they lived better than the peasants. That is why they, or their ancestors, moved to the cities to work in industry in the first place. The first place a Marxist revolution succeeded was Russia, still mostly a peasant society. Then there was China, even more rural and poor. Even Cuba follows the pattern. What happened was that the communist revolutionaries found that the only way they could motivate people was by offering them free stuff. Of course, they had to take that stuff from someone. That was the more successful people in society. This is why we don't see these countries succeed on their own, either while communism is in force (China and Cuba) or after supposedly throwing off communism (Russia). They are still at heart poor peasant societies. The people have been so thoroughly corrupted by communism that they are in no way capable of building a rules based liberal democracy. It looks more and more like Russia and China will devolve into a period of warlordism. This happened to China after the fall of the Qing dynasty. In Cuba, I expect the regime to collapse (soon) and the US, encouraged by the large Cuban American population, to step in. They have the most hopeful situation. By the way, in China, the first nationalist leader, Sun Yat-sen, was a socialist. His goal was to consolidate power, then they would consider democracy. His program was nationalist, not democratic. China has no chance.
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  37.  @TheImperatorKnight  Actually, prices have not risen, even with massive expansion of the money supply in many countries. Governments still struggle to get the rate up to 2%. In the US, where the gov't does not control prices (and I expect that the UK really can't either), we still have vey low inflation. Even if got up to 3 or 4% after an opening up after COVID, that would be nothing in historical terms. As for inflation of goods, it has been basically nonexistent here in the US for at least 20 years. Big ticket items such as cars, appliances and computers have either come down in price (especially computers), and factoring in features and efficiency, are much cheaper than they were before. For example, my first real laptop (provided by my employer in the mid1990s cost $10K. My most recent cost about $900, and is much, much more powerful. Another way to look at is that the earlier computer cost as much as a mid-range car (say a VW Jetta). How we measure inflation over time is a real issue. I have talked to some very high level financial analysts and they confirm it. Even taking commodities such a gasoline (or if you prefer, petrol) we see this. Petrol got up to over $4 per gallon here a few years ago. In the last 5 years or so, is has gone between $1.9 to recently $2.5 per gallon where I am. i recently replaced a 2002 vehicle, which was top of the vendors line, with a 2015 vehicle, which was in a similar position in a different vendor's line. Like the computer, it has many, many more features, from power to electronics, than the one it replaced, yet if cost the same in nominal dollars. There is something going on here that the current measures do not capture. I am actually working on a theory on this that takes into account the changes in technology. Of course, these were not so prevalent in the periods you were talking about. That being so, you should not project the issues experienced in the early to mid 20th century to situations we are experiencing now. As always, I value your videos and thought. Keep it up.
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