Comments by "Tony Wilson" (@tonywilson4713) on "How Corruption and Greed Led to the Downfall of Rock Music" video.

  1. You are totally right except the correct title to this video should be "Yet another example of how the Corruption and Greed of Neoliberal Economics ruined an Industry." I'm an aerospace engineer with 30+ years working in industrial control systems and automation. I have mostly worked in manufacturing and mining with stints in oil & gas, water treatment, waste processing, dairy and a few other odd jobs. This mentality is so rampant across every business sector I have worked in. You might not think that the current disaster that's Boeing is related to this but it is. Boeing used to have Lockheed and McDonnell Douglas as competitors in jets for airlines. BUT according to Neoliberals that's not efficient so they let Boeing swallow up their competitors. Once you get monopolised control of a market there's no other way to increase profits but to cut costs or raise prices and ECONOMISTS are obsessed with cutting costs and management are obsessed with finding new costs to add to consumers. Economists and Business Managers brag about efficiency but have NO IDEA what efficiency actually is or what it means in any given industry. All of the sorts of activities I am hearing here about costs and practices I can give similar examples in all of the industries I have worked. I can even use it to explain why we haven't been back to the moon for over 50 years.
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  2. You are totally right except the correct title to this video should be "Yet another example of how the Corruption and Greed of Neoliberal Economics ruined an Industry." I'm an aerospace engineer with 30+ years working in industrial control systems and automation. I have mostly worked in manufacturing and mining with stints in oil & gas, water treatment, waste processing, dairy and a few other odd jobs. This mentality is so rampant across every business sector I have worked in. You might not think that the current disaster that's Boeing is related to this but it is. Boeing used to have Lockheed and McDonnell Douglas as competitors in jets for airlines. BUT according to Neoliberals that's not efficient so they let Boeing swallow up their competitors. Once you get monopolised control of a market there's no other way to increase profits but to cut costs or raise prices and ECONOMISTS are obsessed with cutting costs and management are obsessed with finding new costs to add to consumers. Economists and Business Managers brag about efficiency but have NO IDEA what efficiency actually is or what it means in any given industry. All of the sorts of activities I am hearing here about costs and practices I can give similar examples in all of the industries I have worked. I can even use it to explain why we haven't been back to the moon for over 50 years.
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  3.  @indigotulip11  Sorry but ai disagree on the neoliberal thing. I'm an engineer but I have been privately studying economics for a couple of years trying to figure out why economists would NOT LISTEN to anyone. Its a long story but I'd recommend you join in a weekly podcast with Steve Keen and Friends. Steve's an economist who accurately predicted the 2008 GFC and a few other things. The first problem with neoliberals is that they are so ingrained in our economy that its like dealing with cancer. The second problem is they wont listen to anyone and ignore reality. The third problem with neoliberals is too many people ignore how much damage they are doing.
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