Comments by "Wandering Existence" (@WanderingExistence) on "Economics Explained" channel.

  1. Soooo... Not capitalism
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  2.  @unktzor  So just 100% taxation at a certain level? What level would that be?
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  3. Look up behavioral economics
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  4.  @josephk87171  I think you're neglecting the fact that there's a huge Capital Bias that makes the cooperative efforts of family rearing pushed to the side. Capitalism will destroy families so it can make more profit.
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  5.  @chalkyapples9791  you think domestic work means being in a relationship. Wow, you really don't understand living in a house do you live with your mother?
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  6.  @chico9805  What the heck does that even mean?
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  7. ​ @marksuave25  how can you be a homemaker without a home how can you provide food in a home if you don't have money for food that is why Ubi is important... Being a homemaker is not free. Takes a lot of work and there are a lot of expenses that is why society should understand that it takes effort to run a household and it should be compensated.
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  8. ​@liversuccess1420 Is that going to make up for the alienation of mothers and fathers from their children? Just being raised by a nanny doesn't really cut it if you really want to make a connection with your parents but hey who am I to tell you about what love is about, lol.
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  9. ​ @Deltanam  it doesn't just benefit you it benefits society by creating stable households and stable communities, which has spilled over value throughout society. You really should learn some economics.
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  10. ​ @zoraster3749  so you see nothing wrong with stocks soaring while wages struggle... That's not a problem to you?
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  11.  @chico9805  Lol, and you don't see how capitalism has caused that?
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  12.  @marksuave25  I was raised by a single mother because my father was abusive... are you saying that I should have been raised with my abusive father?
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  13.  @chico9805  Oh, I'm down with anti-capitalism. Cooperatives are run by and for members, and so they take care of their members better. Worker cooperatives also share profits so money is distributed more equally throughout society instead of having to be so heavily redistributed through government welfare and programs. Worker cooperatives don't want to sit around and wait for governments to raise the minimum wage they want to raise their own wages, and they often put a pay ratio cap in place. Consumer co-ops, like credit unions or electricity coops, have also been important for serving communities. 42 million Americans living in the Western states get their electricity from power co-ops, because corporations don't find hanging line across the west as profitable. But people still need power; co-ops are built for members needs, not corporate profit. By utilizing more cooperative economics there can be better incentives to put people before profits. Capitalism's adherence to shareholder primacy is one of the systematic reasons for its rise (as it created capital growth) and it will also be its downfall (because it puts capital growth before life itself).
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  14. ​ @zoraster3749  Capitalism will always be cronyistic because capitalism biases capital above everything else even if that means getting legal protection.
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  15.  @oliviastratton2169  The US is super corrupt... But corporations have legalized bribery by calling it "lobbying". Lobbying has the highest ROI on all investments. Easy profit means that businesses will do it... That's why we have corporations that give billions of dollars to political campaigns. This has literally been scientifically studied in the 2014 Princeton paper 'Testing Theories of American Politics' by Page and Gilens, you can find the PDF. It basically shows that 70% laws passed are favored by "elites" and only 30% of laws are favored by common people. That's corrupt when corporations make most of the laws.
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  16.  @leggeman2132  I'm sorry, does the currently largest corporation, Apple, not use Chinese slave labor? Not to mention the past 300 years of capitalist colonialism for cheap land and labor.
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  17.  @Nonplussed  Meanwhile the top ten richest people own $1.5T in wealth. Capitalist inequality is not out of date, it's very current.
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  18.  @leggeman2132  Does Apple not use slave labor?
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  19. ​​ @leggeman2132  Norfolk Southern did a $10 BILLION stock buyback program instead of improving their rail safety and properly staffing their over worked employees...10 months later we all saw the toxic smoke cloud over Ohio. That's capitalism maximizing shareholder Capital over the health and well being of their workers and community.
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  20.  @leggeman2132  Norfolk Southern did a 10 BILLION dollar stock buyback program instead of improving their rail safety and properly staffing their over worked employees...10 months later we all saw the smoke cloud over Ohio. That's capitalism maximizing shareholders wealth over the health and well being of their workers and community.
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  21.  @arspsychologia4401  That's the thing, is that everyone in the community owns the land and the community collects land rents through the LVT or a community land trust. No one worked to make natural resources, so why should one individual be able to exclude others... And in fact, the land values are largely based on the location of amenities in the community. As in a family house sells for more when there are schools, parks, and stores nearby. When a landlord charges rent, that added value has nothing to do with the house or what the landlord put into the property but rather just privately capturing the value others created. Land developers often hold ground vacant for decades as a city builds up around their property, then they sell it vastly more as other people have increased land values by adding value to the community. People would still own their homes and buildings, it's just that all land rents would go to the community. A landlord is free to rent out a house and earn money off of the building, but the ground rents should be taxed.
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  22.  @adamperdue3178  Funny, you don't hear argument when landlords are charging 100% of land rents... It literally just changes who gets the land rent not how much is being charged.
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  23. The employer-employee relationship is an actually a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at least capitalism needs safety nets (or abolishment), or else the system won't value sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class.
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  24. Oh, my Lord! You're divinely right!
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  25. If there's no state who enforces the rules?
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  26. ESG is kind of silly... Gay Tim Cook can have a green charity and the product red charity be called ESG and still have foxconn worker rights violations along with some components being manufactured by the use of Uyghur slaves. ESG is another PR fraud to save the legitimacy of capitalism
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  27. How does this free market system incorporate negative externalities??
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  28.  @AdamA-pm3yn  there are many types of socialism too.... And most of them don't mean "muh guberment". Socialism is an economic system, not a political system.
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  29. You love incorporations do stock buybacks and then treat their workers terribly. Capitalism 😎👍
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  30. Not if you want your grandchildren to survive
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  31. Their views on CFCs seem to have helped. And I'm not really sure why you want to breathe in more carcinogenic chemicals even if you don't believe in CO2 greenhouse climate change.... which has been known about since the 1800s
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  32.  @ashthegreat1  Do you make a point of breathing in tailpipe exhaust? Is that how you became so intellectually well-endowed? 🤡🤡
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  33.  @ashthegreat1  Denver has a smog cloud around it..... 🤦🏼 You can literally see how unclean the air is.
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  34. Okay, so?
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  35.  @deezynar  Lol, not really.
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  36.    Arthur Pigou tried to tell people about taxing negative externalities, and even subsidizing positive externalities. But real world capital owners bribe governments so they don't start taxing negative externalities, like carbon. Capitalism is a system that necessarily disenfranchises most of the population and therefore decisions are made in the interest of capital owners and not people of the planet... Where the agreeing to agree breaks down, because the decision making isn't structured in a way that values the opinion of 80% of the population. The employer-employee relationship is an actually a very insidious dynamic. Employment is a rental contract. Like if you rented capital (say, a chainsaw from Home Depot), you pay rent for the "time preference" (basically the cost of time) for a piece of property. Capitalism is based on a principle of self ownership, which sounds empowering, until you realize that most people don't own capital goods other than themselves, and must rent out the authority over themselves as pieces of "human capital". This is a process of dehumanization where human beings are valued for their return on investment as capital goods. This is why, at least capitalism needs safety nets (or abolishment), or else the system won't value sick, elderly, and disabled people, as they can't provide competitive economic return for the investor class.
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  37.    people with capital... You mean Capitalists? Capitalists are working against your platonic notion of capitalism.... Yeah, man. Marx told you that capitalism had contradictions. But instead of understanding that capitalism, at times, actively works against itself- you're just going to fallaciously scream "no true capitalism". So you see wrong with renting another human being as a piece of chattel property and to only value them as a means to make profit? 🤔
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  38. Zeiss makes the 1 silicon atom thick mirrors for ASMLs EUV machines. I don't believe they make wafer ingots for chips.
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  39. -isms define the way people structure themselves over the millennia. The mistake is for people to become attached to these -isms, as they rise and fall with evolution of social consciousness. It's not an actual point, but you do know that they had papyrus over a thousand years ago, Alan Turing used the computer in World War II (technically the Babbage machine was the first computer), and the iPhone came out 16 years ago.
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  40. Lol, that's just bad logic. We haven't thought of a better solution yet, so just must not be out there- how horribly unimaginative -_-
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  41. Economics is still applicable in socialism. Just because you have socialism doesn't mean you can violate marginal utility or comparative advantage, it just means you're not constantly incentivized by market forces to utilize them to maximize profit. Other goals besides profit can be considered, but economic rules will still apply.
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  42. Capitalism has helped us advance, but it could also be holding us back.
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  43.  @inatus_s  It leaves that open
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  44.  @H8nji  If by that you mean multiple factors can culminate into an aggregated end result then, yes. It's like adding/ subtracting vectors in math.
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  45. Lol, wat?
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  46.  @eyeofthepyramid2596  considering socialism is the abolishment of private property that makes no sense. Besides you said absolutely nothing about what kind of qualities such an economy would have.
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  47.  @eyeofthepyramid2596  lol wat?
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  48. Lol, what a weird view of things... You really lost me at the part where you said agrarianism doesn't really work considering that human history was mainly agrarian.
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  49.  @liberalhere3731  lol, I fully understand that It's just you said that "agrarianism has NEVER fully worked" But yes I agree agrarianism is not sustainable for, or even wanted by, the modern population.
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  50. Lol, got to love people who think that we've been through many different types of economic systems as humans but we finally found the perfect one there is no more innovation in culture to provide a better system 🤣😂
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