Comments by "" (@badluck5647) on "Economics Explained" channel.

  1. Honestly, a billion dollars wasted is a good track record for government policy.
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  2. It is about encouraging innovation and productivity. The Soviet Union had less economic inequality, but their average citizens had a poorer quality of life than America's poor. As long as everyone's quality of life is improving, why complain someone else is richer than you?
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  3. ​ @stevexracer I agree with you, but are the insults necessary?
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  4. Unless you hand over your intellectual property, then you can keep waiting
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  5. Three of the US's economic centers: New Year's wall street San Francisco's silicone valley Houston's refineries
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  6. Texas likes to collect all its wierdos in one place.
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  7.  @stnbch3025  Because that goal to get an illogical amount of wealth produces innovative and productivity that improves the average citizens lives. Let's say that someone with a goal of making a fortune, spends his life making a super fertilizer. The super fertilizer will lower the cost of everyone's groceries and which leaves more money in the hands of everyone to spend elsewhere including the poor. If everyone has more money to spend, then why should we care the inventor became a billionaire?
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  8. ​ @KamikazeCommie501 Money can't buy happiness, but being poor can be miserable. It is hard to be happy when you are unsure if you can feed your kids or pay your rent.
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  9.  @arturowagner4728  Obviously, they met Latin America. Stop nitpicking
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  10. Comparing pre-2020 countries to post-2022 countries is like comparing apples to sneakers.
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  11. ​ @Fireway12  The EU, Japan, and South Korea are big players on their own. India will make themselves a major player on the world stage if they don't get themselves stuck under the Chinese umbrella. If Modi was smart, then he would forget about Russia and try to join the G7.
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  12. Farming and mead? The economy can't be great due to the fact there are 1,000 bandits for every farmer.
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  13. Do the G7 next!
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  14. Russian trolls talk about BRICS as if it is some united front that is equal to the G7. It is ridiculous as their combined economy is made up mostly of China's economy, and it is hardly bigger than the US alone. Also, BRICS nations would prefer working economic relations with the US/EU over Russia. The animosity between China and India also can't be understated.
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  15. Even in Night City, the economics of the art market don't make sense.
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  16. Eastern Germany did pretty well, considering the USSR took the state capital to Russia and then banned private capital in Germany.
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  17. In countries like Libya, Somalia, and Afghanistan, the government can't afford to pay their workers enough to preform basic services. Bribes have essentially become frees to get government officials to do their jobs. It almost like privatizing government services in the worst way possible. It is not a great system, but the alternative would likely be zero government services.
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  18. ​ @xiphoid2011  A lot depends on institutions. America started with good institutions from colonial times. Japan, Germany, and the Philippines also had some experience with elected legislators before the war, and America built up other institutions before granting full independence. Meanwhile, the colonial empire of Europe left Africa and Asia without any institutions to support democracy and self rule. If anything, the colonizers left many former subjects with a culture of patronage and ethnic rivalry.
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  19.  @nexcerebprocursos7451  You offered zero constructive information and called someone ignorant. Do better.
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  20. The people who refuse to work due to government stimulus will be unemployable when the economy goes into a recession. Every business that sees that gap in the resume and they will know that employee is only worth hiring during a worker shortage. Something similar happened to people who got layed off in 2008.
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  21. Why would anyone work a 40 hour week if the government is just going to buy all their food and send them money for not working? The labor market shouldn't compete with the government paying people to be unemployed. This should go without saying.
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  22. ​ @sparks1792  These gambling websites are illegal for Americans to use, but they are the sites' target market. If Americans win big, then these criminal companies will then use this illegality as an excuse to not pay out.
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  23. While China isn't truthful about their GDP, you don't seem to be using good faith numbers either.
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  24. ​ @angelcabeza6464  G7 is about 40% of the world's economy and they are more politically aligned than BRICS, so they actually achieve their goals.
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  25. ​ @wnose  The freeze that happens once every century?
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  26. Japan, UK, Singapore, Taiwan, and sorta South Korea show there are economic advantages for being islands.
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  27.  @urubissoldat5452  During the great recession, employers were discriminating against people who were unemployed for over a year even though there was a poor job market. What makes you think employers won't discriminate against workers who were unemployed when jobs were plentiful?
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  28. Because the principle is smaller, it is still more affordable than the lower California tax rate.
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  29.  @EconomicsExplained  What about the federal reserve?
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  30. TSMC is a diplomatic and national security boom that makes foreign investors feel more secure in investing in Taiwan. As long as TSMC is an important component of the global economy, it will mean China is less likely to invade and other powers will be more likely to defend.
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  31.  @batman1776  I wouldn't call food and healthcare "a waste".
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  32.  @landrypierce9942  You are lying. This is the coldest weather in Texas in 72 years. In thirty years in Houston, I have only experienced freezing temperatures for more than 48 hours once before. We had freezing temperatures for almost two weeks straight.
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  33.  @dieptrieu6564  "More stuff" has diminishing returns. Having a car, so you don't have to ride the bus is great. Getting a second car, hardly the same enjoyment.
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  34.  @georgeadams1347  They whole thing based on a black swan even that expells the Kim family without a nuclear war. Think of it as a thought exercise like what if the Soviet Union never collapsed.
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  35. The premium is for the brand label anyway.
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  36.  @tswagg504  Keep telling yourself that
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  37. Everyone hates the business owners who make it, but the employees also don't care about the ones who are in financial trouble. No one acknowledges the risk the business owner took before they got rich. Remember that 20% of small businesses fail in their first year, and about 50% of small businesses fail in their fifth year. They should be able to take their kids to Disneyworld when the business finally becomes profitable.
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  38.  @scottgrindrod  As Amazon stock prices rose, so did innovation that benefits most of us and so did the number of high paying jobs. Rising tides lift all boats.
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  39. Your best bet is to encourage xenophobia and protectionism in the recipient countries. Just look at how Trump's visa restrictions resulted in more tech workers staying in India to create new businesses in India.
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  40. The port of Houston is the busiest port in the U.S. in terms of foreign tonnage and the busiest in the U.S. in terms of overall tonnage.
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  41. One is a city where the government believes that they are better at making decisions for people than individuals can make for themselves. The other is a city in Communist China.
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  42. ​ @redwolfexr  Teacher's union propaganda. Democrats: *more money on students 👎 *more money on unions 👍
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  43.  @vetabeta9890  The fact that you don't see it shows your ignorance. Educate yourself.
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  44. Yes, richer societies outperform collective poverty.
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  45. Sounds like HR bull** instead of actual economic data.
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  46. Fine art. The orginal NFT.
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  47. I feel like most comparisons to Scandinavian countries are pointless as most nations don't have small populations that are monolithic in terms of politics, religion, and culture.
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  48.  @BOYVIRGO666  Economic data has not shown any negative change in hiring since the abortion law passed. The anecdotal story about people refusing to come to Texas over abortion access has much value as an anecdote claiming that people are coming to Texas over pro-life values.
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  49.  @nerdstrangler4804  The reason Amazon innovates is because the stockholders have an interest raising the value of the stock. Do you think Bezos and the other stockholders would have the company reinvest all the profit into expanding the company and R&D if they weren't motivated by increasing the value of the stock. Do you think Bezos would even tried to start a company or expand beyond books if there wasn't a profit motivation. If you want economic equality, then go to Cuba where innovation is dead, and everyone is equally poor. Also, prosperity isn't a zero-sum game. It shouldn't matter if billionaires get richer as long everyone's standard of living improves. Yes, Bezos is super rich, but the average consumer can now get more goods with less cost of time and money as a result. Yes, Bill Gates is super rich, but the personal computer has created exponentially better living standards as a result. Yes, Musk is super rich, but....I actually have no idea why people think Tesla stock is worth anything.
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  50.  @Phoebus82  We have those in America. They are called government jobs.
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  51. Storyblocks has great scenery clips of Istanbul that you can use for both your Turkey and Iran videos.
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  52. Adam Smith would run an economy into the ground today. We have learned so much since then.
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  53. Textbook brain drain
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  54. I had a friend who got a 23% raise to move to California, but he moved back to Texas because the cost of living and high taxes actually made him poorer. These salaries need context.
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  55.  @crackasaurus_rox9740  Why spend money researching a new innovation when someone else can copy the product at a lower cost due to them not spending money on the research and development?
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  56.  @colecole3352  Only for the customers eating the food on the daily.
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  57. That is optimistic bordering on naive.
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  58. Being dependent on foreign investment and cheap labor is rarely a bad thing, and it usually the first step in the transition of a developing economy into a developed economy. Investment is a requirement for growth and labor is a country's most important resource to have.
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  59.  @dodovomitory3496  You are assuming the negotiations are in good faith, and not a method of Putin to buy time to reorganize his troops or to get intel out of the Ukrainian negotiators.
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  60.  @Vaeldarg  Because you think killing babies is okay when it's convenient, but it is immoral to execute serial killers. Check your moral compass.
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  61.  @WalterWhiteFootballSharing  Roll Tide
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  62. Storyblocks has great scenery clips of Istanbul that you can use for both your Turkey and Iran videos.
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  63. It is not a coincidence Walmart installed more self checkouts as they increased worker pay.
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  64. Look at American vs. European consumption. Americans have bigger homes and larger Christmas lists.
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  65.  @burgundian-peanuts  Sounds like what poor countries say
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  66.  @Knnnkncht  Do Europeans feel good about their tiny, tiny homes because the inside of the wall (which no one sees) is made of brick?
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  67.  @TubersAndPotatoes  Manufacturing jobs never become more than manufacturing jobs. Service jobs have more have more vertical movement as employees gain skills and experience. This results in manufacturing industries having a ceiling when it comes to salaries, while services can vary based on the results the employee brings. China doesn't have a nearly as successful service industry as India as the Communists see little value in ideas over physical products.
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  68. The US has a military base on Greenland and a military alliance with Denmark. Greenland becoming a US territory doesn't add any additional benefits from a national security perspective.
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  69. Nonsense. Delaware has more attractive business laws but isn't seeing Texas's growth. Texas has a highly educated workforce, great cost of living, and a friendly business environment.
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  70. NATO countries suffer from the Free Rider Problem. Europeans don't spend much on defense because they freeload off the defense provided by the American taxpayers.
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  71. 🇻🇪 Venezuela
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  72. The black market has risk to it that cost money. This means that Russia will have to pay a premium for illegal imports and sell at a discount for illegal exports. This means they are spending more for less, and selling less for less.
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  73.  @logbia7k608  You can't just pass the cost to customers, because they will just stop buying past a certain price point. For example, no one is going to buy a $30 large pizza, so a worker can be paid $17/hour.
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  74. With what money?
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  75. My experience is that the Californian moving to Texas seem to be the 40% conservative minority that is tired of California's social and economic decline.
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  76. Crazied hardcore socialist: "dislike comment" "Jeff Bezos should liquidate Amazon to pay for universal healthcare. We can all be equally wealthy like in Cuba!"
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  77.  @nerdstrangler4804  Wealth inequality is only an issue when it is done at the expense of the consumer. For example, Russian oligopolies concentrate wealth at the top by using monopolistic control of national resources to charge the consumer more for less. On the other hand, Bezos got rich by Amazon creating value and producing a more efficient economy. That means more high paying jobs and lower unemployment.
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  78.  @TheAwillz  It sounds like what you are talking about is externalities - indirect cost or benefit to an uninvolved third party that arises as an effect of another party's activity. On a pure capitalist system, a factory in its best interests will save costs by dumping byproducts into the river. However, the costs isn't really saved because everyone else would pay for the consequences of a poisoned river. This is why we don't live in a pure capitalist society as we have governments regulate to prevent these externalities. Some governments do better than others (global warming for example).
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  79.  @ConradNeill  Supply and demand will lower the price. If a supper fertilizer produces more corn, then there would be more corn supply in market. This extra corn on the market will force farmers to sell corn at a lower price so not to lose sales to other farmers with excess production.
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  80. Based on the comments, I think a lot of people missed out on reference to the 2008 mortgage crisis.
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  81. Just look at Turkey to see how ignorance of the economic principles of interest rates and inflation can have a negative impact on people's lives.
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  82. Stop sanewashing Trump. Trump doesn't have a strategic thought about Greenland. Trump is just obsessed with being the president who expanded US borders. He doesn't care if its Greenland, Panama, Canada, or Gaza.
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  83. Being bigger than Brexit UK isn't as impressive as you think.
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  84. Hurting the citizens is the point
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  85. Great place to live. Not really a tourist destination.
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  86. ​ @WanderingExistence If anything society has fetishied stay-at-home moms. Kids raised by two parents who work turn out fine and there more advantages to child development for parents having a second income than a helicopter parent.
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  87. The speculation bubble will pop one after another
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  88. At the South has SEC football
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  89. It is time to change the country's name to "Dutchland" or the rename the citizens "Nethers".
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  90. Californians are coping hard in the comment section.
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  91. Modern socialists: "Communism only failed every time it was tried, because they didn't do it right." Why do people keep pushing for a system that fails over and over?
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  92. I'm sure all the homeless people feel like California is treating them great.
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  93. It hurt the counties that didn't try to integrate with the EU. To integrated with the EU, they had to make reforms that benefited the economy and they are tremendously more wealthy now because of it. The ones who aligned with Russia insteaded funneled all the nation's wealth to corrupt Oligarchs.
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  94.  @dekippiesip  The EU operates a common market that all nations must take part in. This economic juggernaut is third only to China and the US. Meanwhile, Japan and South Korea together make more than 8% of global GDP.
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  95. Ever heard of the Panama Canal?
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  96.  @glennnielsen8054  Switzerland only works as a confederacy because it is monolithic. It would probably do just as well with a unitary Republic.
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  97. The labor market shouldn't compete with the government paying people to be unemployed. You shouldn't need to watch a 15 min economic video to figure this out.
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  98. ​ @campas7182 Who told you corporations don't pay taxes?
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  99.  @mosaloquendo  Argentina has had issues paying off their debt for the last three decades. What responsible party would give them more?
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  100. If China ever stopped capital controls, then you will quickly see capital flight from China's weak financial system. The biggest benefactor would be the US dollar.
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  101. China would also need to sacrifice their export advantage by releasing their capital controls.
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  102.  @alt0248  As long as the wage is based on the free market, and not due to government interference.
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  103. MAGA Make Autocrats Great Again
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  104. ​ @alechagen6291  The only people who ride the bus are people without any other options. This concentrated poverty tends to scare away anyone else from riding the bus if they can afford a car.
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  105. It is surprising that corruption isn't a problem for Ukraine's military since corruption tends to touch everything else in the country.
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  106. Revolutions often happen after a drop in the standard of living. Just look at how high food prices caused the Arab Spring.
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  107.  @jimk8520  How is out of date? Enlighten me.
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  108.  @meeemeee8577  Studies have shown otherwise. People are happier when they have enough money to cover necessities, but anything beyond that has diminishing returns. Lifestyle inflation can bring as much stress and dissatisfaction as it does enjoyment.
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  109. Or he didn't use simple enough words for even you to understand
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  110. Sanctions say they can't use the dollar. That is the point.
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  111.  @serbangroza  So you are proud to pay more for less space you don't own, because your walls aren't dry wall. Cope.
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  112. Pessimistic economists are needed to balance out lying politicians. For example, these economists corrected lies about Biden's inflation crisis being transitory.
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  113.  @Tabula_Rasa1  India might avoid the middle income trap, unlike Japan and China, because India already has a strong service industry with skills in English.
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  114. Legion of Doom
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  115.  @MartinMartinm  That is incorrect assumption that protectionism results in better quality. Just look at the car market. Countries that have the strictest restriction on car imports have inferior cars, because they don't have innovate to compete. Consumers just pay more for less.
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  116. California will be the next Detroit.
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  117. Let's go Brandon!
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  118.  @EbrahimHasan  It is a myth China grew economically on its own. The country was still very dependent on foreign investment and intellectual property theft for it's growth.
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  119.  @lowwastehighmelanin  The treasury prints money.
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  120. Keep dreaming
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  121.  @glennnielsen8054  Federations work better for large democracies
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  122.  @margaretwilson8736  Pre-Trump there was a sizable libertarian wing of the Republican party who complained about "crony capitalism" and the government "picking winners and losers" through the tax code. Of course, this ideology has been abandoned recently for the Trump Cult of Personality that rewards businesses that show him loyalty.
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  123. Correction: American farmers get heavy substities due to them being a key voting block for the US Senate. Any economic or national security benefits are a secondary concern to the politicians.
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  124.  @complexaltruist  Zoning, regulation, and taxes in California make it crazy expensive to build or redevelopment neighborhoods. Texas doesn't suffer from that issue, so property will always be cheaper than California.
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  125. 🇺🇲👀
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  126. Depends on the project. There are plenty of uncompleted projects built exclusively by Chinese workers and paid through debt owed to Chinese banks.
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  127.  @kalomboC  Again. It depends on the project.
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  128. Gold backed currency is bad as some inflation encourages spending and investing over hoarding savings.
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  129.  @maximipe  If the issue is the currency is control by only one country, then the Euro is a better alternative than gold
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  130. In America, welfare has a work requirement, so that is not the best example. However, I do know people get paid under the table, so they it appears like they are in poverty. They then collect as much free stuff from the government as they can get.
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  131. Putin's government stole the assets from foreign investors. What rational investor would now put money in a country that has a history of screwing over investors?
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  132.  @socialenigma4476  If your "work" requires you to live off someone else's income, then it's value is zero or negative
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  133. How many non-ISIS Iraqis do you think miss Saddam?
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  134.  @redwolfexr  A masters or doctorate to teach 7th grade math is a waste of money and evidence that the teachers lack the basic math skills to know how debt and interest work. It would be better if a parent had access to choice a private school if the "doctors" are failing to teach their children.
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  135. Only if EE talks about the effects Brexit on Scotland
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  136. Keynesian theory is good, but it is never actually practiced on the fiscal side. Of course, when the economy is in a slump, the government is happy to spend more. However, I have never seen a government reduce spending and increase taxes when the economy is doing well as recommended by Keynesian economics. At least, most central banks understand the principle with monetary policy.
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  137.  @wugy07  I imagine the only way Keynesian would work is if you take the decision out of the hands of elected officials like done with monetary policy. Before the Fed was established, politicians would base interests rates on when the election year was instead of the state of the economy. Maybe the Federal Reserve should give congress a target budget to work within?
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  138. ​ @KJ-tq3sm  Russia can't win. They don't have the will to fight, while the Ukrainians will never stop fighting.
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  139. One benefit of sanctions is that it prevented Dutch disease as it forced the country to build up alternative industries. If they ever overthrow their dictatorship, Iran is an good position to compete in the global market.
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  140. Many are choosing the 0 hour work week over a slightly higher paying job, because Biden said people don't have to look for work anymore to get paid unemployment.
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  141. Productivity, space mining, reclining, and fusion energy is the future.
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  142. India needs to get over being a colony a century ago and join the G7 with other other major democracies.
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  143. Brazil is kleptocracy now, much like Russia. Obviously, Lula doesn't like the West's Rule of Law platform.
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  144. This only works due to crony capitalism. Look at California, where the Democrat Super Majority uses zoning to create housing scarcity to inflate the property value of their special interests groups.
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  145.  @DrSpooglemon  Your Android XO example shows the issue with open source. If everyone had access to all technology, then the biggest players in the market will quickly capitalize and push everyone out of the market. If a smaller player tried to enter the market with a new technology with a point of difference, then they would be quickly crushed by the bigger company that would copy the tech and sell through established chains quicker than the new entry that now has nothing unique about their product.
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  146. @future62  That is a nice talking point, but it simply isn't true. Pre-goverment induced inflation crisis, things were outrageous expensive and out of reach are common place now. Televisions used to be bulky things in your living room. Now, they are in multiple rooms. I used to have to hang up the landline to access the internet on my computer. Now, I can go online and talk on the phone at the same time with the device in my hands. I used to print MapQuest for directions, while now I have GPS tell me where to go while warning me about traffic and speed traps. I don't even have to drive to a store to buy anything anymore! I could go on and on about how profit-driven innovations are giving us more for less. Meanwhile, what innovations are coming out of Cuba and Venezuela that are making their citizens' lives better.
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  147.  @jimk8520  Your anecdote aren't representive of the overall economy. There are obviously poor performers like yourself who didn't get the market rate increase as everyone else. In addition, it is interesting that you choose today as a benchmark with high inflation and a housing bubble. Plus, the super wealthy are also underperforming too. Just look at how Gates, Musk, Buffet, and Bezos lost $Billions on the stock market in a single day. People were significantly better off in 2019 than 2022. A market correction will solve the issue with inflation and the housing speculation.
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  148.  @nunyabidness3075  If want to see a complete laissez-faire economy, then play Bioshock. Otherwise it is completely theoretical.
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  149.  @fredlooper3686  Yes, based on data from the Department of Labor.
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  150.  @ReggieMeisler  Socialized Healthcare in Europe only works by freeloading off of American consumers. Europe countries force pharmaceutical companies to not charge them R&D, so they cover those costs by passing onto American customers instead. In addition, Europe can only afford to subsidize their healthcare system by cutting to minimum military spending and freeloading off the American defensive shield. If the America ever adopted Europe policies, then the whole system would collapse.
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  151.  @ReggieMeisler  Says someone who was at the mercy of ISIS until America rooted them out of their training camps. Says someone who is dependent the US Navy keeping Iran from stopping the flow of Middle East oil. Says someone who depends on America to prevent Russia from invading NATO countries. Says someone is depends on the US from preventing China from conquering those in the South China Sea. There are plenty more examples of how America acts a deterrent to war, while Europe gets all the benefits without any if the costs. Freeloaders.
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  152.  @JoshNicotine  The inflation issue is due to bad government policy and not an issue of wealth inequality. Trump and Biden flooded the economy with "free" money without addressing the lack of productivity. Many took the "free" money as an opportunity to leave the workforce with excuse that working is somehow demeaning. Less workers just exacerbated the supply chain problems further.
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  153.  @JoshNicotine  Both parties want to close tax loopholes, but the partisan bickering is so destructive that they can't even pass things they agree on. Amazon is an interesting case. The company loses money and runs on debt to rapidly expand to multiple markets. The government actually designed the tax code to encourage this as all the construction and job creation is a huge net positive for tax collectors. Amazon basically copied the Walmart playbook, but eventually, Walmart ran out of places to build new stores in order to keep their near 0% tax scheme running forever.
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  154.  @JoshNicotine  They get paid in stock options for building a company that brings value to the market. I don't see Sanders complaining that Amazon is selling his new $30 book to more markets, so he can buy his fourth home.
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  155.  @JoshNicotine  Both parties have closed loopholes, but the problem is that $billion accounting firms just find new ones. Complaints about Amazon are stupid. They pay 50% higher than most unskilled labor, so they expect higher productivity for their money. If workers rather choose to find a lower pay job that is less demanding, then they are free to do so. If Amazon is so bad, then why is Bernie Sanders now offering his anti-capitalism book on Amazon's Audible?
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  156.  @JoshNicotine  Trump is not paying taxes because he is a terrible businessman. His losses were so huge that even when he became profitable that he didn't make enough money to override the net operating loss. The tax code allows one to carry losses forward as it gives underperforming companies a chance to stay afloat and keep the workers employed. You know Trump is getting desperate for money when he is selling NFTs. Meanwhile, Sanders is raking in money selling overpriced books on Amazon. He is also so generous to the less fortunate that he donates almost 2% of his income to charity.
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  157.  @im2randomghgh  A) Soviets were never better fed. Even when there wasn't famine, the Soviet Union had a bland diet that lacked protein. B) "Educated" is relative as more Soviets learned Marxism, but they fell behind in actually important fields. C) Industrialization is easier the further behind you are from your peers because you can borrow knowledge from industrialized societies instead of learning everything from scratch.
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  158.  @thelouster5815  Fascist doesn't mean authoritarian. Fascist states are right-wing with characteristics such as ethic nationalism and crony capitalism. This is a better discrimination of modern Russian instead of Soviet Russia. Communism is a different type of authoritarianism.
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  159.  @mrsoisauce9017  The Nordic model is built on a small population with abundant natural resources, robust support of the private sector, and massive use of illegal migrant workers who labor runs the economy, but they don't get access to the large social safety net. In addition, based on PPP, the Nordic countries have money, but they have limited buying power.
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  160. Except no except the EU wants to be the world's reserve currency. China actively prevents demand for their currency through capital controls to keep its export advantage.
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  161. *Texas is the most diverse state *California has more blackouts than Texas by a large margin *Cities with stricter gun control have higher gun violence It's funny how inconvenient facts are in pushing a narrative.
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  162. China doesn't have friends. Only vassals.
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  163. It just needs to be unpolticalized
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  164.  Save 🇺🇸  Biden wanted to be a famous president, and he will be with the likes Hoover, Buchanan, and Trump.
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  165. We learned politicians don't understand economics at all. *One side doesn't understand that Keynesian economics requires one to cut spending when the economy is good instead of just increasing spending when the economy is going through a slump *The other side doesn't understand that the second half of the Laffer Curve of supply-side economics shows cutting taxes too far will reduce government revenue instead of increasing it.
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  166. How can anyone see the consequences of this massive government spending and think that we should have more of it? Maybe I'm the only one tired of labor shortages and inflation?
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  167. President Pooh is also sabotaging the Mainland economy over political and ideological ambitions. Basically, the mainland is backtracking on progress.
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  168.  @pemawangdi9973  The fact that you have access to YouTube shows that you are the privileged class and not representative of the population.
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  169. I imagine it would be a lot like Brexit.
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  170.  @xtr.7662  Being the South "colony" would be a happy ending considering they are the Kim family's serfs.
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  171. The G7, with Trump gone, seems to be on the same page, while BRICS just seems to be China and Russia pushing for the others to make empty promises.
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  172. My favorite argument from socialists is that they describe "crony capitalism" as "capitalism" when the reality is that crony capitalism is actually an argument against more state involvement in the economy.
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  173. This is why consoles are better.
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  174.  @PARK-sy3tf  American eat a ton everywhere as our understanding of portion size has been warped. The South just has a worse diet of processed foods, fried foods, and a cheek full of chewing tobacco.
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  175. If there are too many poor farmers, then why does the CCPP prevent these farmers from moving to the cities where more jobs are available?
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  176.  @roryhanlon927  Don't be dumb. One of the appeals of China is its huge source of low skilled labor. It doesn't take a genius to work a textile plant for example.
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  177. Jealous libs are coping hard
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  178.  @yami6499  I was pointing out that India needs to avoid being under China's thumb. During the Cold War India avoided being a Soviet puppet, but the modern era India keeps aligning itself with nations beholden to China. G7 is dominated by the US as Trump was ignored during his time as president during these meetings. NATO is designed to not be dominated by America, and that is why Hungary and Turkey can veto Sweden's membership. India likes to join symbolic organizations like QUAD without any intention of taking action. Until India is willing to defend intentional democracy and sovereignty, there isn't really a place for them on the G7.
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  179.  @crypticTV  All of China's neighbors would disagree. If it wasn't for Chinese aggression, then South Pacific countries wouldn't be turning to the US to protect their Exclusive Economic Zones.
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  180.  @abishekraju4521  Having India join just for India to push for more ways to profit from Russia and China's war crimes and human right violations? No.
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  181.  @leolucas1980  The failed states can't pay their employees a liveable wage or pay them consistently. Bribes are necessary to keep services running.
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  182.  @leolucas1980  In failed states, the alternative is no services. It is almost privatized to the point where they need to be affordable enough for people to bribe them, or they won't bring enough money to pay the bills. Again, there isn't a better option in these countries.
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  183.  @sparks1792  They use VPNs to access the gambling sites and they think this is okay because American YouTubers mislead them about the illegality.
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  184.  @dundee2858  FTX?
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  185. Sociolism + Democracy = Populism Just look at Venezuela where the public companies cared more about "buying" votes instead of productivity, innovation, and investment.
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  186. I respectfully disagree 🤠
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  187.  @redplague2133  A drop in one's standard of living is a historically proven catalyst for revolution. Considering how the Russians cheer Putin as he commits war crimes, I don't have any sympathy for Russians as their standard of living drops. They will still be in better shape than the Ukrainians who had their homes destroyed and families murdered by Russians.
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  188.  @MartinMartinm  That only works for Japan and Germany, because their domestic market is small and they primarily build and sell in other countries. Meanwhile, France, Russia, and Italy have protected car markets that produce inferior cars compared to what could be imported.
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  189.  @redplague2133  The worst individuals are those who have ties to Ukraine and choose to do nothing.
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  190.  @redplague2133  Wierd how all those countries were autocratics with Russian support.
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  191.  @redplague2133  Castro and Saddam were supported by Soviet Russia.
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  192. The good news is that illegal immigrants can't hide from property taxes and sales taxes.
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  193. Also, China doesn't have friends. Only vassals. And India refuses to be a vassal again.
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  194. Every video on a nation's economy mentions the value of skilled labor.
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  195.  @Sam-ip6co  It is just a fancy NFT. They hype up everyone to buy the art not because of its value or purpose, but because the customer can sell it for more money latter. These speculative bubbles always pop with the earlier adopters the only ones making money. The rich only buy art because they can make up values as losts for tax cuts or gains to then donate it for tax cuts. Your partial share won't let you do baseless speculation.
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  196.  @Fantastic_Mr_Fox  The novelty they are selling is a lie as owning land in Scotland doesn't get oneself a title. It is like buying a whoopie cushion and then finding out that it doesn't make fart noises.
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  197.  @Fantastic_Mr_Fox  If they are guilty of false advertising, then how is it not a scam?
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  198.  @Pjimp137  The other G7 members' economy is as big as the US economy, while China's economy is more than twice the size of BRICS members. The G7 is also highly aligned with other major economies like the EU, South Korea, Australia, and Isreal. Meanwhile, Russia counts Belarus, Syria, Venezuela, and North Korea as their besties.
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  199.  @urubissoldat5452  There hasn't been a lockdown in months. No one is going to believe someone couldn't work for over a year due to covid. Even if you disagree, most HR people I know see it that way.
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  200. Ask yourself why the Russian trolls are working so hard to convince everyone that sanctions don't work?
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  201. It would quickly become insolvent in America as Democrats would keep increasing payments without raising taxes and Republicans would cut taxes without reducing payments.
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  202. Populism = bad economic policy
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  203.  @jscotthamilton5809  California is so unfriendly to businesses that Arizona is becoming a massive logistics hub, so companies have easy access to the Pacific and the large California population without actually having to be based in California.
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  204.  @davidk.d.7591  Ukraine is in rubble, millions have fled, the economy is in ruins, and there isn't a guarantee that they get their territory back. The lesson here isn't the lack of Russian threat. With the exception of France, Europe can't even protect their overseas interests. Without America help, Europe doesn't have the capability of taking on ISIS in Libya or Syria, doesn't have the capability to stop Iran from cutting off their oil shipments, or prevent China from monopolizing the most important international shipping lanes. The US is protecting EU national security interests for free.
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  205. Populism: the death of good economic policy
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  206. IMF just copy and pastes any false data given to them.
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  207.  @mathuser7  I feel like Florida-man is throughout the state. Florida-man is not the hero America wants, but he is the hero we deserve.
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  208.  @EconomicsExplained  Please make a video explaining the free-rider problem just to troll non-patreon viewers
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  209. The interesting thing is the Communist Party doesn't know the real economic numbers as they rely on local governments to report and they fudge the numbers. Anyone saying they know the real numbers are lying or misinformed.
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  210. The West could care less about BRICS as Russia is a joke, China is the threat, and relations with Brazil, South Africa, and India aren't antagonistic.
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  211. Not every economy can be efficient as the public companies in the Soviet Union, Cuba, Venezuela, and North Korea.
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  212. China has dominated the African market, because Chinese corruption gives their companies a competitive advantage over Western companies who could face jail time over bribes.
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  213.  @driedbrainfreeze2149  Economists debate about that subsidizing certain industries like education has net benefits to an economy. On the other hand, there isn't a sane economists out there who would say it's a good idea to pay people to not look for work.
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  214. *India is a good position for growth. *China is facing a demographic crisis and a housing bubble that will make the 2008 financial crisis look like a picnic. *Russia is doomed for countless reasons. *Brazil's Latin American populism will keep resulting in economic stagnation. *South Africa is just poor and corrupt.
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  215. Lobbyist and their democrats puppets are profiting too much on housing shortages, so they will keep the restrictive zoning.
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  216. India's English speaking service industry might avoid the middle-income trap.
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  217. Who wants to watch a sports team without beer?
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  218. Game theory only works if you assume all players are rational. Many autocrats are driven by ego instead of rational thought.
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  219.  @AusValue  Says the Russian troll with his toilet paper currency.
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  220. Netherlands 👀
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  221.  @BOYVIRGO666  Listing more than one anecdote is still anecdotal evidence. I met several people who have claimed they witnessed voter fraud, but that doesn't mean widespread voter fraud happened. It could mean people are being dishonest or using one outlier to represent a fictional trend. Also, job reports are reported monthly. The data is already out there.
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  222. You can also blame the voters for always choosing populist that promise short-term gifts that harm long-term economic growth. AMLO, Lula, and Maduro are examples of complete fool that the voters have chosen.
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  223. They needed a S, but South Korea said no.
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  224. The German miracle only happened when the fascists were expelled. In Russia, the fascists will not be going anywhere when the war is over.
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  225.  @kalomboC  Are you really going to nitpick how Chinese corporations aren't exclusively using Chinese workers because they let the locals clean the bathrooms at the construction sites?
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  226.  @mna7308  At last measure, debt of all sorts – public and private and in all sectors of the economy — amounted to the equivalent of $51.9 trillion, almost three times the size of China’s economy as measured by the country’s gross domestic product.
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  227. Looks like Russia is already getting your country into economic trouble
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  228. Wasn't this debunked when Iraq made their oil deals with almost exclusively non-American oil companies? If America invaded Iraq to take their oil, then the country failed miserably.
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  229. Corrupt Democrats are using zoning to make houses scarce to profit off younger, more diverse citizens.
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  230. Miles is an anti-populist, so obviously, his policies will be less popular. Shame on anyone who votes for a candidate who wants increased spending, less taxes, and then makes up the difference with protectionism. It won't work. 🇺🇲👀
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  231. It isn't just debt. It is also money printing. 🤮
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  232. Communism = Socialism + One party authoritarianism China and Vietnam only given up socialism, and only partly.
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  233.  @LaneCorbett  You have to submit applications to the government now to prove you are applying and that you aren't applying for jobs you are unqualified (such as cashiers only applying for chemical engineering jobs). The real abuse is people are on and off unemployment because they intentionally get fired from every job they get, because they are horribly lazy.
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  234. Except there isn't any American bases on Taiwan. You are probably thinking of Okinawa.
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  235. I think that is called retirement
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  236.  @socialenigma4476  Yes. Artists and writers who can't sell their art are useless. Housewifes can work, but they choose not and pretend it is a noble choice.
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  237. Russia is the one bombing hospitals, power grids, and schools in Syria.
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  238. Erodgan has always had authoritarian leanings, but he generally did a good job managing the economy. What happened?
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  239. There are many, many examples of democracies nationalizing private companies into public ones. Unless they have a monopoly on a resource to export, all the public companies become a burden on the state.
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  240.  @IggyStardust1967  Except for the countries that have massive oil resources, European companies tend to be less profitable than American companies, and the workforce has a much higher unemployment due to these socialist policies.
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  241.  @hithere5553  Private sector unions lead to higher unemployment and outsourcing.
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  242.  @hithere5553  You're the factless ideolog who can't understand basic economics.
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  243. Countries that reject foreign investment will never be a developed country.
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  244. That's already a thing. If you your tax write offs and rebates are higher than your tax payments, then you get a net payment from the government.
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  245.  @termitreter6545  I think the opposite issue would happen. Covid stimulus shows people will live off very little money if it means not working 40 hour weeks. Low skill jobs will be difficult to fill and large corporations will be the only ones who can afford to replace with automation.
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  246.  @termitreter6545  Low wage jobs are necessary for an economy and without them you get our current problem of supply chain issues and shrinking productivity. Plus, these workers are subsidized heavily with government benefits including free food, discounted rent, and free healthcare. People only want to work if the job pays heavily, creates little stress, and are not labor intensive. The people without skills who can't find these unicorn jobs have been shown to choose not to work until the goverment stimulus ran out.
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