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

  1. Storyblocks has great scenery clips of Istanbul that you can use for both your Turkey and Iran videos.
    9
  2. Adam Smith would run an economy into the ground today. We have learned so much since then.
    9
  3. Textbook brain drain
    7
  4. 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.
    7
  5.  @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?
    7
  6.  @colecole3352  Only for the customers eating the food on the daily.
    7
  7. That is optimistic bordering on naive.
    7
  8. 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.
    6
  9.  @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.
    6
  10.  @Vaeldarg  Because you think killing babies is okay when it's convenient, but it is immoral to execute serial killers. Check your moral compass.
    6
  11.  @WalterWhiteFootballSharing  Roll Tide
    5
  12. Storyblocks has great scenery clips of Istanbul that you can use for both your Turkey and Iran videos.
    5
  13. It is not a coincidence Walmart installed more self checkouts as they increased worker pay.
    5
  14. Look at American vs. European consumption. Americans have bigger homes and larger Christmas lists.
    5
  15.  @burgundian-peanuts  Sounds like what poor countries say
    5
  16.  @Knnnkncht  Do Europeans feel good about their tiny, tiny homes because the inside of the wall (which no one sees) is made of brick?
    5
  17.  @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.
    5
  18. 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.
    5
  19. 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.
    5
  20. 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.
    5
  21. 🇻🇪 Venezuela
    5
  22. 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.
    5
  23.  @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.
    5
  24. With what money?
    4
  25. 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.
    4
  26. Crazied hardcore socialist: "dislike comment" "Jeff Bezos should liquidate Amazon to pay for universal healthcare. We can all be equally wealthy like in Cuba!"
    4
  27.  @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.
    4
  28.  @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).
    4
  29.  @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.
    4
  30. Based on the comments, I think a lot of people missed out on reference to the 2008 mortgage crisis.
    4
  31. 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.
    4
  32. 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.
    4
  33. Being bigger than Brexit UK isn't as impressive as you think.
    4
  34. Hurting the citizens is the point
    4
  35. Great place to live. Not really a tourist destination.
    4
  36. ​ @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.
    4
  37. The speculation bubble will pop one after another
    4
  38. At the South has SEC football
    3
  39. It is time to change the country's name to "Dutchland" or the rename the citizens "Nethers".
    3
  40. Californians are coping hard in the comment section.
    3
  41. 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?
    3
  42. I'm sure all the homeless people feel like California is treating them great.
    3
  43. 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.
    3
  44.  @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.
    3
  45. Ever heard of the Panama Canal?
    3
  46.  @glennnielsen8054  Switzerland only works as a confederacy because it is monolithic. It would probably do just as well with a unitary Republic.
    3
  47. 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.
    3
  48. ​ @campas7182 Who told you corporations don't pay taxes?
    3
  49.  @mosaloquendo  Argentina has had issues paying off their debt for the last three decades. What responsible party would give them more?
    3
  50. 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.
    3