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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