Comments by "Tespri" (@Tespri) on "The 10 Biggest Myths About Our Economy" video.

  1.  @Trace-l7k  clearly didn't do the best when that was actually tried. People literally had shortages and famine under such economy during time and period when technology was already so advanced that famine wouldn't be a thing.
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  2. 1. Morality doesn't increase productive output. It's totally irrelevant to economics. Government only affects as disruptive force. 2. Markets have existed long before governments have existed. Different tribes and individual people have done trading before there was any lord telling them the rules of trade. It's objective fact that without goverment intervention the economy will flourish. Examples for this would be new Zealand, Estonia and Poland. All started to become very wealthy after the red tape was removed. 3. You need to actually work or invest capital you worked to gain. Most of the wealth is new one instead of someone inheriting. It's well proven that most of the generational wealth is always gone in third generation. It's extremely rare for any family line to hold up for long and in those cases they worked hard to maintain or increase their wealth. 4. This isn't economic myth nor related to it. Corruption is a thing that is irrelevant to capitalism. It exists literally in all systems including ones without money. 5. No one is claiming that market is fair. Free market would be fair but government prevents it from being fair. 6. Global trade allows humanity to use resources in more efficient manner. Some places are better for farming than others for example. 7. It's not socialism but it's a bad idea and it's well proven to be bad idea. This has been done several times in human history and it always ended up badly. 8. They are proven to create jobs. You think corporations can expand or hire more people when they have less money? 9. Wage increase causes inflation, good example of this is in country that starts with V an is in latin america. When money increases but the supply doesn't, that will lead into increase of prices. This is why giving everyone million dollars wouldn't solve anything but make things worse. 10. Without growth keeping up with population growth you will end up having worse living standards. This was way too easy, I can't believe that people take you seriously.
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  3.  @The1Elcil  Literally wouldn't solve the problem. This has been tested and seen how it functioned in soviets. Corruption in fact got worse.
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  4. 1. Morality doesn't increase productive output. It's totally irrelevant to economics. Government only affects as disruptive force. 2. Markets have existed long before governments have existed. Different tribes and individual people have done trading before there was any lord telling them the rules of trade. It's objective fact that without goverment intervention the economy will flourish. Examples for this would be new Zealand, Estonia and Poland. All started to become very wealthy after the red tape was removed. 3. You need to actually work or invest capital you worked to gain. Most of the wealth is new one instead of someone inheriting. It's well proven that most of the generational wealth is always gone in third generation. It's extremely rare for any family line to hold up for long and in those cases they worked hard to maintain or increase their wealth. 4. This isn't economic myth nor related to it. Corruption is a thing that is irrelevant to capitalism. It exists literally in all systems including ones without money. 5. No one is claiming that market is fair. Free market would be fair but government prevents it from being fair. 6. Global trade allows humanity to use resources in more efficient manner. Some places are better for farming than others for example. 7. It's not socialism but it's a bad idea and it's well proven to be bad idea. This has been done several times in human history and it always ended up badly. 8. They are proven to create jobs. You think corporations can expand or hire more people when they have less money? 9. Wage increase causes inflation, good example of this is in country that starts with V an is in latin america. When money increases but the supply doesn't, that will lead into increase of prices. This is why giving everyone million dollars wouldn't solve anything but make things worse. 10. Without growth keeping up with population growth you will end up having worse living standards. This was way too easy, I can't believe that people take you seriously.
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  5. so you think economy does better when there are no companies where to work at?
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  6. That is exactly why left wing politics never work. They never take into account human nature.
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  7.  @aminavazeh4433  and what is your country
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  8. @aminavazeh4433  iran, nation known from poverty instead of economic miracle... yeah clearly 70% taxation isn't a good thing
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  9.  @aminavazeh4433  I weren't talking about GDP but about people who are under poverty line or close to it. Your county has 28.1% living under poverty while 40% of population being at risk of falling to poverty. If 70% would work as intended, then this wouldn't be the case. This was way too easy.
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  10.  @aminavazeh4433  Economy doesn't work in way you think. Only way to people actually prosper is by having lower taxes that allows business to flourish and grow. You can't compete on international markets if your own country is working against you by heavily taxing you in manner that it's no longer profitable. And you can't have high salary if there are only few companies in your country since they can afford to negotiate lower salaries to get workers. Reminder companies compete of having workers as well.
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  11. The fact that you use term trickle-down economics to describe supply economics proves that you're economically illiterate and have no clue what you're talking about.
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  12. so they could make system that was proven to be 100x times worse?
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  13. 1. Morality doesn't increase productive output. It's totally irrelevant to economics. Government only affects as disruptive force. 2. Markets have existed long before governments have existed. Different tribes and individual people have done trading before there was any lord telling them the rules of trade. It's objective fact that without government intervention the economy will flourish. Examples for this would be new Zealand, Estonia and Poland. All started to become very wealthy after the red tape was removed. 3. You need to actually work or invest capital you worked to gain. Most of the wealth is new one instead of someone inheriting. It's well proven that most of the generational wealth is always gone in third generation. It's extremely rare for any family line to hold up for long and in those cases they worked hard to maintain or increase their wealth. 4. This isn't economic myth nor related to it. Corruption is a thing that is irrelevant to capitalism. It exists literally in all systems including ones without money. 5. No one is claiming that market is fair. Free market would be fair but government prevents it from being fair. 6. Global trade allows humanity to use resources in more efficient manner. Some places are better for farming than others for example. 7. It's not socialism but it's a bad idea and it's well proven to be bad idea. This has been done several times in human history and it always ended up badly. 8. They are proven to create jobs. You think corporations can expand or hire more people when they have less money? 9. Wage increase causes inflation, good example of this is in country that starts with V an is in latin america. When money increases but the supply doesn't, that will lead into increase of prices. This is why giving everyone million dollars wouldn't solve anything but make things worse. 10. Without growth keeping up with population growth you will end up having worse living standards. This was way too easy, I can't believe that people take you seriously.
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  14. Literally no one says that
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  15.  @Bakers924  literally makes 0 sense in this context. No one has ever said that just working hard is enough. It's vital part of success but not the only thing one needs for it.
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  16.  @Bakers924  again how you would apply that to "work hard enough to become wealthy" xD You think that anyone who works hard in McDonalds thinks he will be rich by flipping burgers? Man lefties really have Iow lQ
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  17.  @Bakers924  So someone working as burger flipper in McDonalds is same as them thinking that they will be billionares if they only flip burgers harder? Lol, you clearly have never even done a single day of honest work.
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  18.  @PrinceRules64  No one says that someone working as a chef in Mcdonalds would get rich by working overtime with fries. The term "hard work" is used in context of you training actually useful skill related to the success. To the point that you are genuinely more competent that other people in the field. Even creating own business is harder work than doing Mcdonalds. You don't become rich rapper without putting lot of efforts in practicing your art. This example is something even someone with lQ as low as yours should understand.
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