Comments by "Tony Wilson" (@tonywilson4713) on "Zeihan on Geopolitics" channel.

  1. 1
  2. 1
  3. 1
  4. 1
  5. 1
  6. 1
  7. 1
  8. 1
  9. 1
  10. 1
  11. 1
  12. 1
  13. 1
  14. 1
  15. 1
  16. ENGINEER HERE: One thing I wish Peter would be more clear about is that we would be doing the energy transition ANYWAY. Forget green or anything else for a moment and realise that modern societies need energy to simply function. You need energy to turn on the lights, supply water to your home, store your food, cook your food and take away your crap when you flush the toilet. Then when you leave the house you need energy for everything else. One of the consequences of privatising so much of our societies following the Reagan-Thatcher revolution was that we STOPPED spending enough on certain parts of the infrastructure to keep up with the needs of our societies. Just population growth alone increases the demands on energy supply. Forget how you generate energy, if the population goes up 50% then the energy they need goes up 50%. The only way to change that is with more energy efficient end user products, but that only goes so far. Right now the entire developed world is suffering from an energy crisis that started in the 1980s when Reagan and Thatcher started to privatise everything they could and then everyone else followed. We don't generate enough energy and the energy generation systems we have ARE OLD and NEED TO BE REPLACED. There have been dozens of power stations turned off for the simple reason they got old and wore out and now they need to be replaced. We now need to replace a lot of hardware and we were ALWAYS going to have to replace it. Things don't last forever. Its just happening at a time when we are also changing HOW WE GENERATE and distribute energy.
    1
  17. 1
  18. 1
  19. 1
  20.  @TheAngelOfDeath01  Its not just the Torries its pretty much the entire Western Democratic political system. Its just that the Torries are doing it a bit worse than others right now. Even the Left wing parties aren't that left anymore. If you think about British Labor, Australian Labor and any of the other Leftist parties they are mainly full of lawyers, and other professionals who just lean left on social issues. Sorry this is a long reply/comment. You are dead right it goes back to Reagan & Thatcher, but its worse than you think. I'm actually an Australian engineer but I went to college in America where they don't have a Left at all. They just have one of their right wing parties not as far right as the other. A few years ago I started looking into economics because I got fed up with clowns with economics degrees interfering in engineering projects. When I mean interfering I mean billion dollar interference too, not just million dollar simple stuff. One of the things I found out is that ALL ECONOMICS CURRICULIUMS have at their core the same neoliberal economic ideology. In case you didn't know - what started as Reaganomics and Thatcherism is now called neoliberalism. Its all centred around Milton Freidman's "Greed is good" and "Corporations have no other responsibility than to deliver profits to their owners & shareholders."_ That's driven this incredible 45+ year wage stagnation that's highlighted by Branco Milanovic's famous "Elephant Graph." BECAUSE even the left leaning parties are full of people who did the same economics classes with the same ideology AND all the central banks are run by people who also learnt the same economics, we now have this insanity where there is almost NOTHING NEW in economic thinking. They all know there's something wroing but they can't conceive of any solutions other than interest rates and deregulation. If you don't know who Mark Blyth is then you need to start there. He's one of a lose collection of maverick economist or people associated with economics who's trying to bring this to light. He's coined the term "Angrynomics." What he's saying in a nutshell is we should have had a system UPGRADE after 2008. Instead what we got was a reboot and patch. The result of that are system glitches like Brexit and the current energy crisis which I can tell you as an engineer who has learnt about economics is about to crash the entire global economy and it has NOTHING to do with climate change or the war in Ukraine. But that's another very long comment Here's Marks intro to Angrynomics: https://www.youtube.com/watch?v=MXJD5rE4omY Here's to longer explanation: https://www.youtube.com/watch?v=tJoe_daP0DE
    1
  21.  @warfarenotwarfair5655  The snarky anti-American attitude isn't towards you or the American people its aimed at the American government and in particular unelected American bureaucrats who do stuff around the world. I'm Australian but went to college in America on a sports scholarship. So I love America and the people and the culture. BUT when it comes to understanding the rest of the world Americans are very poorly educated. Do you ever bother to ask what it is that people don't like about America? Australia has exactly the same problem with respect to the Pacific Island nations. We treat them the same way America treats Mexico and the rest of central and south America - LIKE CRAP. We interfere in their governments and use their people as cheap labor AND THEY DON'T LIKE IT. We spend lots of money in those countries. It never seems to do anything other than fuel corruption which annoys Australians, so we complain about it and tell them not to be snarky as they're wasting our money. This snarky attitude isn't about you or any other American in general. Its about the attitude of your government, which just like mine is run by unelected manipulative self righteous a-holes. Did you or any American ever vote for people like Donald Rumsfeld, Paul Wolfowitz, Stephen Miller or John Bolton? How about John Yoo? He was the Lawyer who told Bush and Cheney they could torture people so long as they called it "enhanced interrogation techniques." He was the guy who approved all the stuff at places like Abu Ghraib. You know the stuff other Americans went to jail for. Did you or any American ever vote for him? Do you ever hold any of those people accountable? Its not about you.
    1
  22. 1
  23. 1
  24. 1
  25. 1
  26. 1
  27. 1
  28. 1
  29. 1
  30. 1
  31. 1
  32. 1
  33. 1
  34. 1
  35. 1
  36. 1
  37. 1
  38. 1
  39. 1
  40. 1
  41. 1
  42. 1
  43. 1
  44. 1
  45. 1
  46. 1
  47. SORRY PETER, but your economics of construction is a giant pile of BULLSHlT and if you bothered to ever talk to an engineer who actually understands project engineering and project management you'd know why. The rest of this is pretty good and your points on people NOT budgeting for the resources needed to construct this is spot on. Unfortunately on that subject if you try and tell the Greenies about the materials issues they freak out and respond in some pretty ugly ways. Here's some basics on construction versus operation. 1) When you are in construction YOU DO NOT BUDGET for operational costs like fuel and maintenance that is the job of others. 2) If you are going to compare construction costs then COMPARE construction costs not a mix and match with operational costs or you just confuse things which you have done. 3) When you build any power station you can start making money as soon as you have any of your generating units commissioned and connected to the grid. COMPARING SOMETHING LIKE A BIG NUCLEAR/COAL PLANT VERUS A BIG WIND FARM IS PRETTY SIMPLE With large nuclear or coal plants you have to wait until it is 100% complete before you can start earning money. That can be a huge amount of capital spent over several years (or even a decade) paying interest or not paying dividends before you even start earning money and even THEN YOU HAVE TO PAY BACK THAT CAPITAL BEFORE you actually break even. If you are building a 100 turbine wind farm (it makes the percentage sign easier to use). When you have the first turbine up you are 1% finished but you can start earning money to help pay for the rest of construction. When you are 10% complete you can earn 10 times the money you earned from when you are 1% complete. When you are 50% complete you can earn 50 times the money you earned from when you are 1% complete *AND YOU PROBABLY DON'T NEED ANY CAPITAL TO FINISH THE PROJECT. This is also part of the business strategy behind the Small Modular Nuclear Reactors. As soon as the first reactor is in it can start earning money and help pay for the other reactors. I love your work on geopolitics and strategies BUT PLEASE TALK TO SOME ENGINEERS. YES I know we are pains in the butt, but then do you want to be called out by one of us?
    1
  48. 1
  49. 1
  50. 1