Comments by "Tony Wilson" (@tonywilson4713) on "Sandy Rant: Tesla Margins and why Sandy was Right!" video.

I started with a degree in aerospace but ended up doing 30+ years in industrial control systems, automation and robotics. A sizeable chunk of that was in the Australian automotive sector building manufacturing cells. With the collapse of that sector in Australia I moved to our mining and resources sector. I absolutely get why Sandy is upset, because I have had the same crap repeatedly for 30 years in every industry I have worked. Its usually from clowns with ECONOMICS degrees who spent 4 years at college being told how brilliant they are. They aren't the only ones. Pretty much every accountant, lawyer and business manager I have ever met are the same. Notably they all demand there training and experience valued but anyone else's training and experience is worthless.
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@markskeldon1347 Its easily one of the most annoying things about being an engineer these days - having our experience and training discarded as irrelevant.
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@markskeldon1347 That's describing a very subtle from of the Dunning-Kruger syndrome that's pervasive through the corporate world these days. There's a staggering number of people who think they are better and more knowledgeable than they actually are VESUS a massive slab of people who have a better perspective with understanding there's a lot they don't know underestimate themselves. Unlike, say Flat Earthers with no science education at all who claim to understand physics better than physicists, in the corporate world the people who overrate themselves actually are well educated. They just aren't as well educated as they think they are. My particular peeve is with economists who all went to college and did 4 year degrees. They think, because they can use computers and did a science class or 2, that they understand things like infrastructure, mining & manufacturing. Worse they think they know what it takes to build and maintain these things AND THEY DON'T. Trying to tell them that they don't is just like trying to explain the Earth is a globe to a Flat Earther.
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@markskeldon1347 "How many purchasing agents, lawyers, economists ect. have ever developed a product from raw materials to it's completion?" NONE, UTTERLY NONE.
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@markskeldon1347 Saying your grandfather was a tool & die maker, tells me why you understand this. I started with a degree in aerospace but have worked for 30+ years in industrial control systems, automation and robotics. I have worked with REAL PROPER tool makers like your grandfather. Trying to explain the difference between tool makers and machinists to an economist or lawyer is like trying to teach a dog quantum mechanics. Its theoretically possible but first you have to genetically re-engineer their brains.
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@jeffbybee5207 It comes from looking into economics. I basically got tired of clowns with economics degrees interfering in projects. What I found is that Economics is dominated by a very narrow set of ideas that started as Reaganomics and Thatcherism but we now call neoliberalism. Sorry for the longish explanation. All the time we hear about Leftist influence in education and I will agree with the criticism there. Both my parents, their friends, a cousin and some of my friends are (or were) high school teachers. So I know about that stuff. What we never hear about is the Right wing libertarian influence in Economics and Law. SCOTUS currently has 4 Harvard, 4 Yale and a Notre Dame. The nine before them included 6 Harvard. Out of the 18 before the current 9 ONLY 1 did not go to a private college for at least part of their education and most were Ivy League. Its an incredible concentration of ideological power. The other place it shows up is in economics. Where Harvard, Yale, Columbia, Princeton,.... business graduates dominate Wall St. and banking in particular. They have subsequently funded those places with "donations" to train more of what they want. It actually started with John D Rockefeller when he helped establish the University of Chicago, which is where McKinsey taught before founding McKinsey Group and where Milton Freidman taught for decades. All around the world economics students have text books out of U. Chicago, Harvard, Yale, Princeton,... or text books written by people who went to U. Chicago, Harvard, Yale, Princeton,... So almost anyone with an economics degree is braindead, brainwashed or clueless. And the lawyers aren't any better.
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@markskeldon1347 I recently picked up a copy of "Wealth of Nations" printed by Capstone. It has a Preface by Dr. Razeem Sally of the LSE and an Introduction by Tom Butler-Bowdon who graduated from the LSE. just reading those 2 is interesting because they have quite different takes on Smith. I got the book on a whim because Mark Blyth keeps mentioning him all the time. I finished "Angrynomics" a while back and and reading Stephanie Kelton's "the Deficit Myth." I am as Mark Blyth puts it "NOT a proponent of MMT but am sympathetic to what they are saying." Which means we really do need to start looking at Economics form other perspectives because what we are doing right now is insanely destructive. Mark does podcasts for the Rhodes Centre out of the Watson Institute at Brown where he interviews people who have written books. They are great at getting an introduction to what some fairly smart people are trying to tell the world.
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@ilovejobbo Clearly you have NEVER WORKED in manufacturing, project management or much else to do with engineering a complex system. I spent over a decade working in the automotive sector developing manufacturing cells. My bet is you have a degree in economics because you have NO FARKING CLUE about costs BECAUSE the only clowns who trope out "labor costs" as the big problem are economists and people who listen to economists. Anyone who has worked in manufacturing knows that labor costs were minimised and controlled back in the 1990s. Ever since the major costs in manufacturing are material costs, machinery capital costs, energy costs and EXECUTIVE BONUSES. The reason why economists keep spouting off nonsense about labor costs is because they have NOTHING ELSE TO OFFER.
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@markskeldon1347 Ever heard of Dunning-Kruger?
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@markskeldon1347 This is one of the major problems the economists have created that there is NO EASY FIX. All through history there were people like your grandfather who PASSED ON their skills and knowledge and out of all those they trained their were always that 1 or 2 who could also teach the next generation after them. When the economists pushed all their globalisation nonsense they trashed anything that they felt wasn't necessary. Across the Western world they smashed all the training institutions for skilled tradesmen. They told kids in high schools everywhere that losers go to community college in America, TAFE in Australia and trade schools in Europe. The only exception was Germany and even they have trouble. The only part of Australia's trade system that survived had to do with building houses and skyscrapers and shopping malls. All of the metal trades associated with manufacturing have been decimated. The Economists not only destroyed our manufacturing base they made sure it would be hard to rebuild. the worst part it had ZERO economist analysis behind it. It was 100% ideology.
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@markskeldon1347 Its not the first time its happened. there was this awesome Top Gear Episode where they all bought old British Sports cars and visited the factories where they had been made. It sad incredibly sad to watch the guys rock up with there cars excited as usual and then to visits industrial wasteland after industrial wasteland. Jeremy Clarkson lamented how many cars the Brits exported in their heyday and how the whole world wanted British built cars and that now days the Brits import more than they make. Here in Australia when they killed off the last of our car industry they promised 55,000 people they would be looked after. Most have never worked again.
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@markskeldon1347 I'm not against the free market as a few people have said to me. I think its great for those products that are traded like Freidman said "millions of times each day." BUT this one thing solves everything nonsense his acolytes have pushed is idiotic. Its the old when you only have a hammer every problem looks like a nail stupidity. Humanity is complex and out trading is chaotic and nobody can guess with accuracy what the next second will be like let alone the next hour, day, week, month, year decade or century. A car suspension is very simple. It lets the tire move up & down and it has a spring to make that work. ITS ALSO has a damper to control that system and make it work properly. Both the free Market and Government Control have show they can be incredibly effective in the right areas BUT ALSO utterly hopeless in the wrong areas.
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@markskeldon1347 Absolutely right. When you have time watch this documentary on tax avoidance (as they call it). Its about 90mins but worth the time. https://www.youtube.com/watch?v=mt6O3US9IE4
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@cengeb SHIT4BRAINS other than your first line the rest of what you said shows IGN0RANT you are. Its fairly obvious you have NEVER WORKED in the Auto Industry at any level. BTW - I have on the engineering side of component production cells in the supply chain. Sandy's job isn't procurement its analysis of procurement and considering how many car companies employ him for that analysis I'd say he knows what he's doing and you know NOTHING.
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@cengeb WHICH PART OF ANALYSIS DON'T YOU UNDERSTAND? He's never claimed he's part of contract negotiations. He's never claimed he makes any car components. HAVE YOU EVER HEARD OF AUDTITORS? That's what he does he audits the manufacturing of cars.
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@cengeb Its crystal clear you have no idea about how manufacturing works or for that matter any other industry. There are AUDITORS used in most industries TO GET A HANDLE ON WHERE THEY ARE SPENDING MONEY.
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@cengeb You just keep saying the same SHlT. News flash it does not matter how many times you speak crap its still crap. His job it NOT to negotiate with OEMS its to ANALYSE what all the bits from OEMS and mid-tier suppliers cost. DO YOU UNDERSTAND WHAT COST ANALYSIS IS?
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@cengeb You really are a M0R0N who knows NOTHING about business let alone complex manufacturing and WORSE you WONT LISTEN to anyone. Good luck being unemployed for the next 30 years.
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@cengeb JUST STOP You have NO IDEA of how industry works. ITS CALLED AN AUDIT YOU FCKING M0R0N and companies do them all the time. Enjoy being unemployed for the next 30+ years because NOBODY hires people like you.
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