Comments by "ChineseKiwi" (@ChineseKiwi) on "Economics Explained" channel.

  1. Last time I was this early the Anglo-Persian Oil Company existed.
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  2. Git gud
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  3. 11:39 - As a dirty Kiwi immigrant to Australia, that animation jumping to Australia - WEEEEEEEEEEE 🤣 And my parents were skilled immigrants to New Zealand! But yes, others reading this, there are around 550,000 New Zealand citizens living in Australia, while only 60,000 Australians live in New Zealand despite Australia having over 5 times the population. Why? A key factor is wages, being you are often paid 40% or more for the same exact job while living expenses are similar overall, with Australia allowing New Zealand citizens to live and work indefinitely within Australia, similar to the Schengen Area for a lot of EU nationals. Due to these good wages, Australia has among the least brain drain out of any country, being only 0.8% of Australians live outside Australia. For me it was this and life opportunities for everything due to economies of scale, due to a bigger population, like more entertainment options and job options.
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  4. Uncle Sam: “Care to do some military exercises with us Guyana on your turf? I was just coincidentally here and coincidentally the timing is pretty convenient don’t you think?” 😊 Brazil “Don’t worry about the troop buildup we got up here near your border Venezuela, we just felt it was a good time to bump it up here, just making sure nothing funny happens, that’s all, yep 😊”
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  5. The Economy of GTA Online please!!!
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  6.  @johnminichielli8957  you assume real wages aren't a thing. Back to high school economics thanks.
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  7.  @privatepreviewer9167  Patreon subscribers see videos early AFAIK.
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  8.  @johnminichielli8957  we literally have a measure for that purchasing power. It's called 'real wages'. Less laughable sub-high school economics thanks.
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  9. Only it is in reality as for India, particularly in the IT sector, you are often left with the ‘B Grade’ workers as the highly skilled IT workers have left for the West for far higher wages and better lifestyles long ago. Due to this and cultural differences, many Western companies often onshore back their IT services from India as the decline in quality from Indian companies is often costing more than the cost saving. That’s the hard truth.
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  10. *Stares in Australian dairy industry* ...Fonterra: Nothing happening here.....nope.....um...yeah..nothing.
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  11. 11:22 - That Sri Lankan working in Greenland must have an interesting job....
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  12.  @killmeplease5389  hey doge, that is not how anything works. For one, most countries' central bank is independent of governments. Look into Turkey's screwed economy as to why that is needed (or look up TDLR News' video on it)
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  13.  @killmeplease5389  back to high school economics Shibu.
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  14. **Economics Explained could have explained so much more on the economic history of New Zealand how neoliberalism destroyed the country in the 1980s and early 1990s!!** I've posted this in another video trying to explains NZs economic history so read below here: >>> He failed to mention the wholesale sale of nationalised assets during the Rogernomics period such as telecommunications which meant the growth of monopolies and duopolies that rule the nation (and still do). For a long time, getting a phoneline took MONTHS under privatisation of Telecom NZ, because they controlled both the infrastructure and retail telecommunication sectors, while it reapt shareholders massive dividends to detriment of the people and it was only government intervention that broke up Telecom NZ and created separate companies for the infrastructure (Chorus) and retail (Spark NZ). This MASSIVELY increased competition in the telecommunications sector and now NZ has one of the best telecommunications sectors in the world. (You can easily get residential 1 GIGABIT Internet connections). He failed to mention the destruction of labour unions under the Employment Relations Act 1991 which resulted in the 'low wage' economy, meaning a massive 'brain drain' to other countries with greater wages which EE touched on here. I'm here in Australia earning 50% more for the same job. In other sectors, this is bigger. He also failed to mention the lack of intervention in the housing market by both major parties, combined with the duopoly in the supermarket industry, both resulting in NZ having the greatest increase in cost of living in the OECD the last 20 years. This has resulted in the last few years a MASSIVE skyrocketing in the amount of homelessness. NZ's growth is a total bubble because so much of the money is locked into housing speculation. Rogernomics was disastrous for the country because it was rushed. I am in Australia because I see FAR more opportunities here in life. It wasn't the NZ I grew up in. Rogernomics, combined with the neoliberal policies of Bolger and Shipley in the early to mid 1990s killed the country that only now is beginning to try to fix. NZ's health sectors is MASSIVELY under resourced, particularly in mental health, with all the district health boards in MASSIVE debt and people in the public system dying because they cannot see a specialist in time, and it is under resourced because there is not enough tax revenue coming in due to all the money being locked up in housing and somehow, moronically, having no capital gains tax. Also why bother working in NZ as a health specialist when in Australia you can get 2x or more (not lying) as much? Combine this with underfunding of road and public transport infrastructure in NZ's largest city, Auckland, due to buying votes via rural areas, you have a MASSIVE storm brewing and it isn't good. <<<
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  15. No, no it isn't. Inflation must increase with the supply of goods / production in an economy or else deflation happens and no one spends money because why bother if in the future it is cheaper? Maybe watch a few more of these videos eh ;)
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  16. For the last time, explaining a thing and why it happens and that it happens doesn’t mean you endorse the thing. Example: criminologists.
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  17. Last time I was this early, Adam Smith didn't have capitalisation in the description.
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  18. It is affecting industries that do not use steel. So no.
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  19. You forget shipping costs have increased dramatically. Digging it out of the ground is one thing, getting it to places is another. And those goods need machines to add value from that raw copper into something else.
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  20. ​ @mazeltov6752  in Australia, we are doing both. The Victorian state government here is actively recruiting overseas nurses, but also offering free education for nurses. Training new nurses takes time so you need both.
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  21. It is generalised but the basic facts are true.
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  22. 77.9% of US medical bankruptcies are those WITH insurance.
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  23.  @AL-lh2ht  I.e. the ‘just coincidentally here’ bit 😝
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  24.  @killmeplease5389  please tell me how the European Central Bank (I.e. the EU's one, as all EU members monetary policy is under it) can 'cover up individual countries' budget deficits? Less edge, more books doge.
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  25. ​ @theBear89451  it really isn't as productivity has far outstripped wages.
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  26.  @Ausman84204  it is the international recognised boundaries. Nationalism is a dumb thing and Modi is taking you for a ride and using you.
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  27.  @kristopherbeniwal  no, they are the UN internationally recognised borders. Get out of here with your nationalism. Modi is just using your nationalism eh. Stop falling for it.
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  28. In the US, far more working age people died vs other countries because "freedumb"
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  29.  @avivagodfrey  yes you do. Name the COVID laws then. I live down here. I know them well.
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  30.  @avivagodfrey  LOL, I know the rules bro. Nice try trying to dodge the question. No one's buying it ;)
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  31.  @avivagodfrey  uh huh, name the rules between states then? Can you state what has changed between say Victoria and South Australia? No? I see your lame excuses. Try more actual Australian based sources bro.
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  32. Kiwi here. It's 40-45 years of neglect and incompetence, and that includes Jacinda. Who the f prints mote money (this is fine) but then instead of directly putting into people's and businesses' bank accounts, gives it to the banks to lend out? Guess what happened to NZ house prices in late 2020 with dirt low interest rates after... It is criminal negligence.
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  33. The old "they died from not wearing a seatbelt, not them speeding!!!" dumbness. Pretty sure the greatest factor was them speeding. Much like if they didn't catch COVID-19 in the first place, it wouldn't have made their other conditions worse. It has been medical practice around the world, far before COVID, to list all the factors that contributed to a death on the death certificate. Less tinfoil bro.
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  34.  @AureliusLaurentius1099  for the last time, Germany pays the same into NATO as the US, let alone all the other NATO member states.
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  35. Whoever thought of putting Rudd's face on "Money printer go brrrrr" has 1000 IQ. HOLY MOLEY ROFL
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  36. I'm surprised the Australian economist didn't mention that reputation perception regarding Australian and New Zealand meat and dairy products, particularly in Asia.
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  37. Yet another American who believes Joe Rogan and Fox News are good sources. 1) the "camps" were for those coming into the country only 2) we don't need them anymore 3) we only wanted them as we tried hotels with predictable results 4) Florida has a similar population but *60 times* the deaths 5) Canada had similar arrangements but they aren't tin foil flavour of the month.
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  38.  @chacmool2581  it’s just harmless rivalry stuff in reality.
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  39. Yeah no. Dude, most other Western countries had far greater constant "stimulus payments" and not just BS random once-off's like the US, yet the inflation is nowhere near as high. Problem is you dunno economics. Problem is you are an American who fits the stereotype of knowing nothing outside its borders anx think Biden is left leaning in anyway, when in reality it's right wing (Democrats) vs far right (Republicans).
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  40. Complains about oversimplification. Oversimplifies themselves. Ironic.
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  41. The car industry was propped up by subsidies for 25 years longer that it would have been without them. Germany and the US prop up their car industries ALOT. Not to mention, Australia is far away from other car markets and domestic production did not adjust to the changing local preferences.
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  42. Also, oil is always the exception regardless of economic conditions due to the OPEC cartel.
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  43. yep, ya another clown who thinks Joe Rogan, Fox News, and Facebook and Twitter memes are good sources. Canada had them too but they weren't tin foil flavour of the month and they didn't tell you to get angry at them. I assume you know the "camps" were quarantine facilities for incoming only, we don't need them anymore, that we tried hotels with predictable results and as stated, Canada had them too.
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  44. Someone doesn't know their economic history. Did you want the days of JP Morgan (the actual dude) bailing out the US government and the implications of that?
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  45. Learn what net worth is. It including investments like Super.
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  46. The old "they died from not wearing a seatbelt, not them speeding!!!" dumbness. Pretty sure the greatest factor was them speeding. Much like if they didn't catch COVID-19 in the first place, it wouldn't have made their other conditions worse. It has been medical practice around the world, far before COVID, to list all the factors that contributed to a death on the death certificate. Less tinfoil bro.
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  47. Also here's a clue: in universal healthcare, most / all the hospitals are publicly owned so there is no "hospitals make more money" thing. Another American who fills the stereotype of knowing nothing outside their borders I see.
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  48. Yet another American who believes Joe Rogan and Fox News are good sources. 1) the "camps" were for those coming into the country only 2) we don't need them anymore 3) we only wanted them as we tried hotels with predictable results 4) Florida has a similar population but *60 times* the deaths 5) Canada had similar arrangements but they aren't tin foil flavour of the month.
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  49. 16:21 - GOVERNMENT CHEESE
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  50.  @jackiepie7423 see my reply above. Apples and oranges. Multiplayer Gaming servers use very very few resources on a per game basis. All it is doing is essentially collecting all the coordinates of each player on the map and the values of each action and sending it to every other player on the server, in which then your PC or gaming console processes it. It uses very little data and resources as most of the grunt work like graphics, player health minus the action etc, is done on the client end (you the player’s machine)
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