Comments by "Wandering Existence" (@WanderingExistence) on "John Stossel" channel.

  1. Eh, all of (neo)classical liberalism is pretty mids. Maybe look up behavioral economics and see how economics actually works in the real world. If you think you can boil supply and demand down to human rationality, then you're not accounting for the irrational tendencies humans have.
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  2. Most hydrogen fuel cells have terrible energy density, so it takes an extremely large fuel cell to power a vehicle for 300 mi. Also Iron Man is a comicbook/movie....
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  3. Yes, It's all about control, just like those damn liberals who forced the horses off the streets so cars could drive! The tyranny!
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  4. Yes... Welcome to real world politics.
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  5. Oh, dear ... You're falling for that old authoritarian propaganda? How is it national socialism after Hitler murders all the socialists in his party 🤦🏼 It's literally on par with calling the Democratic People's Republic Of Korea a "democracy". Besides, if you're going to quote Mussolini, you should know that he was in favor of 'corporatism'. Fascism should more properly be called corporatism because it is the merger of state and corporate power.” — Benito Mussolini Corporatism is a type of economic model that's been utilized by various types of ideologies, but in the broadest sense of the term it means collaboration of the various classes of society (workers, bosses, govt, church, etc) to work together. It's not socialism, because it's not the dissolution of class but integrating class groups to work together, much like the bundle of sticks that the fasce represents. But due to a top-down structure of society, it wasn't so much based around 'collaboration' as state-capitalist subjugation where the fascist governments set up oligopolies and monopolies to better control supply chains and labor markets. Who did Hitler come for first... Yeah, the socialists; "First they came for the socialists, and I did not speak out—because I was not a socialist. Then they came for the trade unionists, and I did not speak out—because I was not a trade unionist. Then they came for the Jews, and I did not speak out—because I was not a Jew. Then they came for me—and there was no one left to speak for me." - Martin Niemöller
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  6. Do you want to work 16 hr days, 6 days a week for a small hourly wage? No? Because there are labor laws that prevent that. Go back to 1822, you knuckledragger. PS, that Reagan quote is really funny considering he pushed the war on drugs AND helped trade guns for drugs to help fund the Contras. Moral of the story; people who say they want small government usually want big government to enforce their morals or finances on others. Libertarians like the Koch brothers and Peter Thiel are prime examples of modern small government chatterboxes that lobby for laws and pull subsidies.
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  7. CONGRATULATIONS! Let's give this FB keyboard warrior a medal and a round of applause. The funniest part is that you don't understand how an individual's situation might be different from their parents and grandparents.... Almost like we shouldn't use identity politics, oh, yeah 🤦
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  8.  @jimhasanenterprise8763  Says the dude bragging about a Facebook argument. No one said it was about me, but you brought it up on a public thread, lol You did invoke identity politics, which is ironic for a group that constantly complains about identity politics. That's not a negative thing, I find your hypocrisy positively hilarious! Kudo on your keyboard krav maga, Killer.
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  9. Free markets don't exist. Even in the wild West the government cleared land of the native population in order to make private property homesteads.... Capitalism is based on state violence.
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  10. Stossel doesn't care about balanced energy, he has always pushed his right wing talking points for decades. He's very much against anything leftist, just because it's leftist. He's the type of guy that huffs exhaust pipes to own the libs
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  11. And who controls the government? Capitalists who don't care about free markets and want to make more profit so they buy politicians to give them favors .... Because like Milton Friedman said the sole purpose of a corporation is to make money for shareholders and nothing else!
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  12.  @AmigaWolf  Yeah look at libertarians business owners like Peter Thiel and the Koch brothers taking big govt money. If real world libertarian capitalists are just going to ignore your ideology in pursuit of profit, then you're living in a fantasyland. I'll believe you when your ideological libertarians actually have power, lol, because as I see it the Thiel and the Koch brothers have much more influence. And you'll always fall back onto "no true capitalism" when capitalism fails because you're unable to accept that capitalism failed. Lol. This is like literally talking to every single libertarian NPC, it's just the same debunked talking points over and over.
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  13. Hitler literally murdered all of the socialists in his party when he came to power... Learn some history please, because you're so gullible with the authoritarian propaganda. I wouldn't be surprised if you literally thought the Democratic People's Republic of Korea was a democracy.... Fyi, North Korea is not a democratic country even though it's in the name, it's called propaganda.
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  14.  @IgnoreMeImWrong  I mean he abandoned all socialist policies for fascist policy, but hey Jenna, you probably think North Korea is a democracy even though they rig the "elections". Jesus Christ you're amazingly dim.
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  15. Bring your kid into a liquor store, nbd... Bring your kid into a dispensary get CPS called on you. If you have too much, the former can kill you and the latter makes you sleepy.
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  16. Quoting the person who strengthened the drug war??? Y'all are suss.
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  17. I just hope your is concerned about the corporatization of cannabis as you are about overregulation....
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  18. Don't lie, you smoke salty mids
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  19. Lololol, classical liberalism is for losers. Learn some behavioral economics and learn how the world actually works. If you base your model on human rationality and humans act emotionally.... Then your model is bunk.
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  20. You can't even get the year right, let alone the ideology. He was elected Chancellor in 1933 and by 1934 he was already purging the socialist within his own party. By the time the 1939 invasion of Poland occurred, it was just corporatist fascism. "First they came for the socialists, and I did not speak out—because I was not a socialist. Then they came for the trade unionists, and I did not speak out—because I was not a trade unionist. Then they came for the Jews, and I did not speak out—because I was not a Jew. Then they came for me—and there was no one left to speak for me." - Martin Niemöller
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  21. I wish right-wing libertarians would apply this to corporate boards as well...
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  22. Says the right winger who eats up corporate inequality that disenfranchises you
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  23. The government's not supposed to be a for-profit business, smh
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  24. Yes, Stossel is a right wing libertarian, he is all about corporate interests.
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  25. Journalist? He shoehorns his political point of view into every story, it's not journalism it's propaganda. Lmao.
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  26. "Basic economics", sooo introductory econ 101 as it's called, neglects humans innate irrational tendencies, because working with a rational archetype is a dumbed down and excludes a lot of the variables in real life. But that's right, Kirb, you don't believe humans use fallacies when arranging resources, like the sunk cost fallacy or the gamblers fallacy. Your comments are always such a joke, lol, you liberals are hilarious at denying reality. You can't even engage in a constructive dialogue where you provide cited sources as well. What a dingdong.
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  27. Yeah that's why I hate corporations that use sweatshops and no workers compensation... It's dangerous to have a boss risk somebody else's limbs for their profit. Ironic Mr Sowell
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  28.  @UncaAlbyGmail  Are we not talking about the dangers of authority? Is having the social privilege to direct people within the workplace not a type of authority? Smh. Fukking classical liberals and their inability to see capitalist hierarchy.
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  29.  @mitch_the_-itch  You realize capitalist lobbyists buy out politicians to change the rules in their favor because of the capitalistic profit motive. Capitalism seeks corruption if it's more profitable.
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  30.  @Barskor1  lmao, of course you don't understand about information asymmetry... Without lab testing how are you going to know if your weed has lead in it or if it was sprayed with eagle 20?
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  31.  @Barskor1  The testing labs are private, commercial grows are just required to test. I buy from my home grow homies, but regs help with commercial information asymmetries. Learn some basic econ.
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  32.  @DieselRamcharger  Yep, my point exactly. What state you in? I'm in Colorado, we have decent testing regulations not the best- could be a lot better- but better than nothing.
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  33.  @DieselRamcharger  That's unfortunate. I work as an extractor in a BHO lab, we can take moldy/ yeasty weed and remediate it into a safe to consume product. If it doesn't get remediated it can't be sold, it's not a prefect system but it helps decrease the risk to consumers.
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  34.  @DieselRamcharger  Oh we got ourselves a solventless heady boy over here. Go wash some Durban Poison... You can't, lol.
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  35.  @DieselRamcharger  For people that like sativa concentrates, you can't make bubble/ rosin out of most sativa trichomes. I don't like smoking a lot, so prefer dabbing well purged live batter- it's not hard to get all the tane out of batter/ wax. Clean grows are more key to clean concentrates. Whatever, you do you, buddy. You huff more butane off your lighter than you get from a dab.
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  36. “Call it democracy, or call it democratic socialism, but there must be a better distribution of wealth within this country for all God’s children.” – MLK, Speech to the Negro American Labor Council, 1961. “We must recognize that we can’t solve our problem now until there is a radical redistribution of economic and political power… this means a revolution of values and other things. We must see now that the evils of racism, economic exploitation and militarism are all tied together… you can’t really get rid of one without getting rid of the others… the whole structure of American life must be changed. America is a hypocritical nation and [we] must put [our] own house in order.” - MLK, Report to SCLC Staff, May 1967. “The evils of capitalism are as real as the evils of militarism and evils of racism.” – MLK, Speech to SCLC Board, March 30, 1967.
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  37. As a democratic socialist who has studied a lot of economics, I will tell you that prices come from the market. You can have set prices, but then that doesn't give accurate information on supply and demand, which is what prices are for; to convey information. That said, prices often fail to include proper risk assessment (think '08 correlated risk of different tranches of CDOs overlapping to make more risk than what was understood) or negative and positive externalities. Your Sowell quote is as daft as you are; extremely.
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  38.  @metalman666ization  This is the irony, you say you understand economics, but you act as if negative externalities don't exist in the real world and mispricing's only come from government; This neglect of real economic events just reeks of dogmatic ideology. There is no such thing as a perfect market equilibrium, prices are always changing to meet available information BUT like I said AVAILABLE info. For instance, if you have an externality that by definition has value that is not being accessed by market mechanisms. You neglect these large concepts and yet you say you understand economics- that piques my curiosity. Do you incorporate behavioral economics into your perspective? If not, then you don't understand real world economic interactions. Between logical fallacies and behavioral game theory that stems from philosophical concepts of fairness, humans studied in the real world present different characteristics than neoliberal concepts of the "rational actor". Quite honestly I don't even think you know what I mean by a democratic socialist... You probably think of Lenin or something strawmanned like that. So we don't get sidetracked please reply to each of these main topics; 1) please address my two non-govt examples of mispricing; negative/ positive externalities and an ignorance to correlated risk 2) What role, if any, do empirical studies of behavioral economics factor into your concept of "correct economics", and 3) I don't think you know what democratic socialism means to demsoc's, but I sure would be curious to hear what your capitalist brain thinks it means.
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  39.  @SeraphsWitness  A misunderstanding of risk correlation can happen without government intervention... 2008 specifically was a very messy situation and there is no black and white thinking that can be utilized. One thing that is important though is, that the repeal of glass-steagall regulations allowed the intermingling of commercial banking funds and investment banking funds, which pushed risk onto unsuspecting citizens and spreading systemic risk leading to market failure. I find it very cute how you leave out negative and positive externalities, lol. You still have not proven anything to the contrary that market mispricings exist and the idea of a perfect equilibrium is a fallacious grasp of economics. I wasn't originally talking to you, so if you're not going to reply to main concept, don't reply at all ;)
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  40.  @SeraphsWitness  I hope you realize that the correlated tranches could have been less correlated if they weren't bundle and repackaged dozen times so by the time it gets to the last derivative you don't even know what quality of assets are fundamental underlying the CDO. Like I said, it being black and white, government or private is a fallacious line- there's a complex intermingling of reasons. Unfortunately neoliberals are lazy and they just blame everything on "gubernment" (and then usually try to enact authoritarian government policies, e.g. Reagan). I didn't necessarily say banks either.... Economic actors of all varieties, and yes, sometimes banks, fail to make proper risk assessments. You could look at the national chemical safety board videos, they show pretty obviously that long term risks will be eschewed if short term profit are available, from sugar mills to metallurgy factories. Like I said before I wasn't just talking about 2008 🤦 The reason why you can't respond to the externality portion of the comment is, because you don't even know what an externality is; That makes sense. Feel free to respond- although I think you shouldn't because you can't even understand that I'm not just talking about 2008 and you don't know what externalities are ¯\_(ツ)_/¯ So keep clap trappin' about only half understanding '08 and keep ignoring the economics you completely don't understand. Whatever makes your 'feels' feel better.
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  41.  @SeraphsWitness  If you know what an externality is why don't you admit that it has effects in mispricing markets?? If you don't want me to talk down to you, Why don't you just answer the question?
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  42.  @SeraphsWitness  No, I did not say "affects pricing" , I said "MISPRICING markets". Of course thousands of things affect the price of a good or service, but I fail to see you acknowledging that markets often misprice resources for various reasons. If you acknowledge both, that many things affect market prices and many things can cause some prices to be mispriced, then there's no problem here- my main point is calling out neoliberals who act like without government the markets always hit a rational equilibrium.
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  43.  @SeraphsWitness  You say Pareto efficiency isn't relevant to externalities.... Let's check the textbook; "Chapter 14 Externalities An externality is the accompanying impact (whether positive or negative) of one agent’s consumption or production activity on the utility or technology of another, where this impact is independent of markets or prices. .... Because externalities are external to the workings of markets, the prices at which trades occur do not reflect their additional costs (in the case of negative externalities) or benefits (in the case of positive externalities). Consequently, the First Welfare Theorem typically fails, i.e., *in the presence of externalities, the Walras allocation is generally no longer Pareto efficient.* We begin by illustrating this inefficiency and then consider three “solutions” that have been suggested to mitigate these problems and that have influenced government policy towards externalities." - Intermediate Microeconomics a tool building approach, by Economist Samiran Banerjee For clarification, the Warlas law is a concept of market equilibrium, which like I keep saying becomes unhinged in the presence of externalities. You can call me moronic all you want, but you can't cite a single source that proves me wrong. You're just talking out of your ass, I actually can provide textbook and real world examples of these concepts. Keep up with all those fallacies, it's a pretty cute look on you. Feel free to come back and comment when you can provide cited sources for your opinion or a source that critiques the chapter of the textbook that I quoted- until then I'll consider you very confused.
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  44.  @SeraphsWitness  That Intermediate Economics textbook free online if you need to look through it, just sayin'. ✌️
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  45.  @SeraphsWitness  Did you by chance get to read through the literature of how externalities push the needle further from Pareto efficiency (inefficient pricing info, i.e. mispricing)? Did the textbook help you understand that externalities shift costs onto unconsenting people? (That should be a problem if you care about the freedom of others) Do you have any source to prove anything to the contrary? I'm honestly now curious if you can even find a source for your opinion that externalities don't shift costs and don't decrease Pareto efficiency. I'd honestly be fascinated to read your sources. If you want I could pull up three other high quality sources that corroborate my thesis.
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  46.  @scottp2462  Lab tech, but I've studied a good amount of econ in the past decade.
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  47.  @SeraphsWitness  I guess that's a 'no'. It's quite ironic how the libertarians that squawk about understanding economics don't even understand what a basic externality is, lol. I think it's because externalities are external to the market and libertarians fetishize the free market as if it's everything... Even though it's clearly not. Feel free to comment anytime you find a source that proves me wrong, I'll be patiently waiting 😉😂🤣
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  48.  @metalman666ization  Wow, bud, I'm talking about externalities because you guys don't seem to understand the importance of externalities to mispricing of supply and demand. Secondly, I know democratic socialism is different from the Nordic model of social democracy... I'm more anti-capitalist than the Nordic model, but thanks for your strawman (ironic when you accuse me of strawmanning and you end up doing such). The Next System Project is a think tank that I like that is devoted to building communities back up by creating community driven institutions, like coops/ credit unions, land trusts, and labor unions. They have helped multiple communities recover from capital flight that left communities to scrape by- but I don't know, maybe you like when your job gets relocated overseas and It becomes hard to put food on the table. Third, I don't have to believe in the labor theory of value in order to believe the working class should have autonomy over their own labor- capitalism is based on commodifying humans and decreasing their freedom through exorbitant inequality. Instead of using government redistribution like in the Nordic model I think that there should be a fundamentally more fair distribution within property rights so the government doesn't have to redistribute as heavily to correct such glaring inequalities. Thanks for trying, sorry you fell into a hypocritical fallacy.... Maybe next time you'll be able to be a little bit more intellectually curious instead of assuming you know my beliefs... Maybe you shouldn't be guessing behavior either, lol 😉✌️
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  49.  @metalman666ization  Oh I forgot behavioral economics.... Do you really think behavioral economics is just about government mandating things?? There's a whole concept of game theory that takes into account real human decisions. For instance If you ask two people to split $100 and one of them gets to choose the percentage each one gets and the other one gets to approve the ratio or turn down either person getting money, in classical economics one would expect a rational actor to take any amount that is more than they have currently, even if they just get $10 and the other person gets $90. Although when we conduct empirical studies, human perception of fairness comes into play and we see that if the ratio isn't close to 50/50 it will be turned down because people don't like severe inequality. From these studies we can see that emotional feelings of fairness override a rational desire to be slightly better off than one's current situation. Humans are apes that fell from trees, not homo economicous. This view of game theory doesn't demand any government, but it does show that humans are not the rational actors that classical economics assumes. Congratulations on another fallacy, it's unfortunate that you seem to have an opinion about a subject you know nothing about. Seems like you really like to bask in your ignorance, take care, buddy.
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  50.  @metalman666ization  I said the repeal of Glass-Steagall created more systemic risk in the system. I'm not for regulating the whole economy and making it command style top down bureaucracy. Again, nice straw man. You want to be taken seriously when you commit this many fallacies of purposefully misconstruing the argument? You're arguing in bad faith.
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