Comments by "whyamimrpink78" (@whyamimrpink78) on "THROWBACK: Milton Friedman - Greed Is Good" video.

Because it doesn't work.
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João Marques Norway uses a major resource in oil to fund for it's programs. When that runs out they are screwed. The US has higher productivity, healthcare and science research and innovation along with better technology innovation. All those countries have a larger debt per capita than the US and is basically protected by the US military. The US is a more progressive country all around. The simple fact is that you can't consume what you don't produce. Just because the government is going to provide you with something doesn't mean you will get it. Take healthcare for example. In the UK they ration out their care to where mothers are giving birth in bathrooms. When you don' produce you can't consume and that is why socialism doesn't work. It hinders production. Socialism is great if you don't want to advance in society. When you want a more progressive society than socialism should be avoided.
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Well one Kyle didn't play the entire video. Milton went on to explain the flaws of government involvement and how government officials will push for their interest instead of the interest of others. If you compare the US to those European countries the US beats them productivity, healthcare and science research, technology development, college education (and arguably education as a whole) amongst other important factors. We have healthcare advancement and we can have the internet without government. If there is a demand for it the private sector will invest. The New Deal actually made the situation worse. It led to the worse economic recovery ever in terms of time and now is compiling our current problems we have now. I agree it isn't black and white. Problem is that Kyle is making it black and white. I support state rights on the basis of not being black and white. Kyle is basically saying that we need the federal government or we will rot as a country. Kyle was so off on everything in this video it amazes me how he continues to have a show.
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João Marques Norway actually taps into its oil and uses it to fund all of their programs. The US is investing in renewable energy as well, just that when oil runs out Norway will lose a major resource and will struggle to fund their programs. While Norway may be "happier" (which is debatable in how do you determine that), how long will it last? Other European countries have a large debt to fund their programs, as I said Norway is able to do it well because of oil. Once it is gone then what? The US has the best healthcare system in the world. The only problem is cost. But in the US you don't have long wait times, you have immediate care that is high quality. In countries with socialized care you have low quality of care. For most people that is fine because most people don't need high quality of care. Also in Scandinavian countries where production is low and they don't emphasize high production they don't mind waiting for that major surgery to get back to work because they don't need it quick. Socialism leads to lack of production and innovation and progress. You can't consume what you don't produce. We see that with healthcare. Those countries lack the resources to provide healthcare so they just ration it out. As I said they don't care because they don't care about production and progress. The US does which is why we are more advanced than those countries. If you want a life where you have low quality of goods and services and you just want to get by than socialism is the way to go. Future generations will suffer for it but oh well.
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Laurence Wylie Do you have some justification for that?
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***** Yes the US beats Europe in healthcare. Unlike in the European countries people don't have to wait months for a much needed MRI or give births in bathrooms due to lack of hospital beds. And the US still is ahead of other European countries (except maybe Germany) in science and technology research and innovation. Who created the internet is very vague. While you may look at defense spending and it leading to the internet it wouldn't have gotten anywhere if it weren't for the market demanding something like that. The internet is actually almost free of government regulations and look how much it took off and continues to take off. http://mises.org/daily/2211 There is an article on the internet and government. Yes, the government invented it, but the free market allowed it to grow. He ended with this "Let us conclude: yes, the government was the founder of the internet. As a result, we are left with a panoply of lingering inefficiencies, misallocations, abuses, and political favoritism. In other words, government involvement accounts for the internet's continuing problems, while the market should get the credit for its glories." As always government involvement makes things worse. The free market makes things better because the free market only succeeds by providing options that people demand. The government succeeds based on the rules that the government and politicians sets. That is why socialism never works.
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Andrej Gobec So if I put myself in a position to get immediate care for someone elective like surgery I should instead wait with everyone else in the country despite my hard work? Ok, gotcha.
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Andrej Gobec I work hard because I put myself in a position with skills and work ethics to generate more capital than the next guy. You don't improve society by bringing everyone down, you improve it by allowing everyone to get better.
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Socialism "works" in those Scandinavian countries simply because they settled. They don't care if they have innovation or advancement. As long as they have life easy they are fine. In the US we have people the strive to do well and succeed and progress. The problem is that we also have a group of people who don't want to do anything. It is creating two groups of those who work and those that don't. With that since we do have a group of people who work hard the US does lead the way in healthcare research and science research and technology innovation. Fact is that socialism doesn't work because you can't consume what you don't produce. It only works if you don't want progress, but overall it doesn't work.
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