Comments by "Tony Wilson" (@tonywilson4713) on "Prof Wolff Explains the European Energy Crisis - Economic Update" video.

  1. Its NOT a European thing - its being done every where. I'm Australian and you just perfectly described what BOTH our LEFT and RIGHT parties have preached since the late 1980s. They did it to our transport sector, our energy sector, our communications sector and more recently our water sector. AND EVERY TIME we were promised that we would get cheaper prices on these basic commodities and EVERY TIME prices went up. I hope you can see this YT from DW News. It was blocked into Australia for many months. https://www.youtube.com/watch?v=5oyFRoxuf4g At just before 20minutes it introduces Mike Young and calls him a "renowned economist" who attended Harvard the same place where the clown who constructed the Texas Power system came from. You know the one that filed and had children freezing to death. Well he's so renowned that NOBODY I know has ever heard of him. But note what he says with pride (20:50) "It's fascinating to see how sophisticated our water markets have become" He doesn't say if they WORK or that how well they work. NOBODY asked the Australian people if they wanted or needed a "sophisticated" water market. Neo-liberalism is an ideology nothing more. It got a massive boost when Milton Freidman was awarded the Nobel Prize in Economics and then Margaret Thatcher and Ronald Reagan both adopted it as their central economic doctrine. In practice its failed for 99% of us and monstrously enriched 1%. Mark Blyth keeps pointing out the Rand study on wealth that basically brags how the top 1% of America have made over $50 Trillion (yeah that's trillion with a T) since Reagan started his garbage. The hard part of countering neo-liberalism is the fact its been the main ideology taught in economics courses since the 1970s. So everybody trained in economics will tell you "No Neo-liberalism ahs brought incredible wealth to everyone" because that's all they have been taught. Go and look up Prof. Mark Blyth and listen to any of his lectures where he uses his computer analogy. Sorry to hear Romania has joined the club.
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