Comments by "Tony Wilson" (@tonywilson4713) on "Canada, After America || Peter Zeihan" video.

AUSTRALIAN HERE: I'm an engineer and did a water treatment plant is Saskatchewan back in 2017-18 so I got a front row seat to Trump tearing up NAFTA and some of Canada's infrastructure issues. ALMOST everything Peter is saying about Canada has an equivalent in Australia. We have the wealthy mineral states that are at the moment howling and screaming about paying for other states. We have a monster set of coupled problems with immigration, power, water and housing. Australia's big problem with all of these issues are the ECONOMISTS and CONSULTANTS (many of whom are economists) that now dominate the decision making processes of government. In that I don't think we are much different to many other nations. The main problem with economists is they all study the same market fundamentalism that came out of the University of Chicago (Chicago School Economics). They are all taught to believe markets solve everything and can magically fix things like infrastructure. The simple fact is this is an ideology. There was no data, no analysis or anything else to base it on. Its a belief system that at its core is based on Milton Friedman's infamous "Greed is good" BULLSHlT. Its been fantastic if you are in the higher strata's of Western Society and been a nightmare if you aren't.
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@fee1776 And another of the Chicago crowd Ronald Coase wrote this brilliant piece for the RAND corporation which you can still download if you try hard enough. I heard about it when Elizabeth Popp Borman was interviewed by Mark Blyth about her book "Thinking like an Economist." You can find interview on the Watson Institute as one of the Rhodes Centre podcasts and Brown U. In that paper Coase argued that America should Auction off all the radio & TV bands. He was laughed at by the RAND corporation and then laughed at by Congress because they all knew that it would lead to MONOPOLIES where those with enough money would just outbid everyone. They eventually gave Ronald Coase the the same FAKE Nobel prize they gave Freidman and his auctions became the flavor of the era for governments all over the Western World and its been a disaster EVERYWHERE.
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@GaryBickford Sorry but I am calling BULLSHlT to your comment. ESPECIALLY the remark about very few economists in government being Freidmanites. They are almost exclusively Freidmanites BECAUSE they were all taught classical and neo-classical economics which is the polite way of saying they are all Freidmanites. Its most notable when you listen to the people in charge of places like the US Fed or Australian Reserve Bank or European Central Bank. You'll hear them refer to the "market adjusting" in some way and how they need to "show restraint." That's the give away they are a Friedmanite as it shows they believe the market will self adjust to a stable state. You might have gone to one of those odd little colleges most people haven't heard about OR one that is Left leaning like Brown U. (the ugly duckling of the Ivy League) OR one of the ones who had people like Richard Wolff who taught Marxist economics for decades. You should go and look up Prof Wolff's story on HOW & WHY he became a Marxist economist despite going to Harvard. Its actually an interesting story. He also did a series on Marx's contributions to Western Economics a few years ago. I'm no Marxist and actually think like Smith he was WRONG about wealth only being created by labor, but it was an excellent series to give perspective on how we got here. FYI - I think Prof Wolff is right about many things and 1,000% utterly and totally wrong about others. On post-Keynesianism I doubt you would even know what a post-Keynesian looks or sounds like and suggest you go and look up Steve Keen. He genuinely is a post-Keynesian and has NOTHING good to say about the economists in government anywhere on the planet. He hosts a weekly podcast Steve Keen & Friends and if you actually want to understand this stuff I suggest you join in.
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