Comments by "Nattygsbord" (@nattygsbord) on "PragerU"
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Without oil people die. Its simple as that. The population in the world was only possible thanks to the green revolution, which was possible thanks to oil
Oil is needed for the food industry, for the military, for the police, firefighters and ambulances. We need oil for petrochemical products whether its some plastic tools, roads or medicines.
It took over a hundred years to build an energy grid around fossile fuels. So only an ignoart idiot would think that we could replace all fossile fuels in flip of a switch. We will need atleast 30 years of massive investments on a warlike scale.
Most oil countries have already reached their production peaks, and no new oil has been found in suffiecent amounts to replace it.
So there is good reason to start replacing all coal plants, all combustion engines in cars, trucks, planes and chainsaws
and invent new ways of producing food without fossile fuels for production of fertilizer, pesticides, and using it for waterpumps, tractors, and planes that spray the fields, and radiators for the harvest, and vechicles that transport all the food to consumers.
Only an idiot would think problems like this can be solved in a short period of time. On average it takes 12 years to build a power plant. And before you could build thousands of plants you need construction materials.
So then you will need to open more mines. But that will consume even more time, since it on average will take 12 years to open a new mine and have it entering into production.
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Most countries will do well if they would have the same opportunity.
Recources are are a benifit, but they are not a guarantee for sucess. And countries in Africa comes to my mind.
"If someone is against government run education they can just use the free market to create their own schools."
Private schools are driven for profit and public schools are meant to serve the public good. So when you allow private schools you will undermine the system in my opinion. Firstly, the well performing kids from good families will go to private schools, while poor kids in much needs stays in the public school. The private sector takes the apple and leaves the poo for the government. And when the school system has been segregates, the rich would feel less care for the public schools and rather want tax cuts than helping poor kids. And leaves the poor kids in underfunded schools. And schools can no longer fullfill its meaning as a public good, and poor kids have little chance in life because social mobility is lower nor when the fabric of society has been torn apart. And the rich only cara about themselves.
Imagine if roads were private because they were built by the rich and not by the government.
The railway system in India and America was built by the private sector, and companies were paid per mile of road they laid.. so they of course made unnessary turns and didn't take the shortest road between two locations, because it was more profitable to do so.
Swedens railway system was built by the government because the people lacked the resources. And as a result, the railways was instead built to connect two towns with the shortest possible road.
And privatizing roads leads to a tollboot economy Adam Smith and classical economists opposed. Its a free lunch for the rich people. They rich doesn't contribute anything to society while wealth is being sucked out from the real economy by tollbooths, and rents.
So what classical economists wanted was to tax away all rents, and instead keep taxes low on labour. Classical economists didn't want any free lunch, they wanted meritocracy, and rewarding hard work and innocation.
So if taxes on capital is high taxes on labour could be low.
If America did that, US labour would become cheaper and more competative globally. And if you regulate down rents, from mortages, credit cards debts, student loans, car loans etc.. you will let the workers keep more of what they produce. Hard work pays better off. People can survive on lower wages when they don't have to pay much taxes and rents - which makes labour cheap and internationally competative.
And since workers are doing well, consumers would also be doing well, and when people keep more money the can consume more - which creates more profits for companies and it would be more profitable to expand production and hire more people.
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Mail only gets delievered in areas where its profitable to do so, while rest have to do without... even if it might harm society at large.
Railroads only have trains driving certain times and certain places.. while ignoring good transportation troughout the country all day so people can't travel or get to work at a reasonable time. Maintance costs is also minimized to keep profits up, which in turn results bad safety and accidents that cause deleys, which makes customers choosing to drive instead when trains are too unreliable to keep in schedule.
Letting the private sector handling the military and applying lean production leads to constant shortages of ammunition and supplies... which makes an army hugely ineffective. Running an army like a corporation also makes it ineffecient, since will focus on killratios, number of sorties flown etc, while ignoring all other more important aspects of war. The failure at Vietnam is great example.
United States have the most expensive healthcare in the world, but doesn't perfom any better than it's poor Cuban neighbour where the average person just earns 1/25 of what the average Joe in America makes. Drugcompanies systematically lies about the effectiveness of drugs and cover up the negative sideeffects. And when success is only measured in profits, the quality of healthcare will suck as a result, because the number of hospital beds and healthcare workers will be minimized in relation to the number patients. The personel gets overworked (and thereby perform less) and the patients feel unsatisfied when nobody haves time to listen to their problems.
And the problem with private schools and cleaning services in schools and hospitals are the same: You can only maximize the profits by understaffing.
And having the private sector run the energy grid usally ends up in Enrons and Oligopolies that push up prices up prices high to keep up profits. That in turn will result in less money over for the consumpers to spend on consuming goods that create jobs, and the high energy prices will impose extra costs on the industry in your country and make it less competative internationally.
If the government can't pick winners, then how come that Singapore Airlines is the highest ranked Airlines? And that Renault and Embraer was government owned for most of the post WWII period? Or that the Brazilian Development Bank makes more profits than most private banks in Brazil?
Furthermore am I not convinced that the present model of capitalism is the best, since it is a high cost economy where labour is taxed instead of capital. Where people are paid less and are more indebted so they got less money to spend to keep consumtion demand up, so companies get interested in hiring and investing.
We have a high cost economy instead of a low cost economy. Companies buy up other companies with borrowed money, at that money needs to get repaid with interest, so the bought company needs to get plundered to pay the debts. Then the company gets plundered to pay for dividends and ridiculously high CEO salaries and stock options for the board of directors.
And behind this crap is an also an ideology that assumes that perfect competion exists, despite its criterias almost never are meet.
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You say only poverty matters. But you are wrong, because inequality matters too. Unequal societies have higher rates of crime, drug abuse and alcohol abuse, more droupouts, more teenage pregnancies, more suicides, more cases of psychological illness, lower average life expectancy, lower levels of trust and happiness, higher infant mortality, worse performance in schools and the list goes on and on.
So saying increased inequality is a non-problem is just ignorant. Furthermore, is high levels of inequality a threat to democracy.
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I don't know where you got that number from, but I'm still not impressed. GDP growth can either be the result of higher productivity, or by a growing population. In Swedens case, the latter is a strong factor. Half a million people came to Sweden last year, and today the country got 10 million people. No other country in history have tried such an extreme immigration policy. Swedens population growth rate is now in parity with 3rd world countries like Bangladesh.
A high GDP isn't the same thing as a high income per head (GDP per Capita). A country can have a huge GDP and a poor population (like India). And the opposite can be true as well, like Luxemburg.
So which country is the most succesful? I would argue Luxemburg is a better place to live than India.
And furthermore, Sweden's national debt is low, but the population is indebted over their ears. Swedens debt to GDP ratio is the highest in the world. And this is partly a result of the housing bubble here, caused by the tax shifts I talked about, as well as the idiot policy of balanced budget constraint for the government, so the people have to go into debt just to survive when the government is doing a stupid deflationary policy.
And Sweden didn't consider 7-10% unemployment as a sucess in the 1960s like we do today. 1% unemployment was the normal figure, while the oil crisis in the 1970s made unemployment go up to 3%, and then it got called "mass-unemployment".
Sweden also have a growing wealth gap. The railroad system is falling apart since it got privatized. The police is breaking apart. Swedens army was perhaps the strongest in Europe in 1994, but today its among the weakest of the west-European despite defence spending is still high. Our school system togheter with Finlands (which had the same system) was the best in the world til the 1990s, but today its partly privatized and the results have fallen like a rock, while Finland still remains number 1 in the world.
The list goes on and on. And Sweden is in no way unique. The Washington consensus is a disease spread all over the world. And the left have fallen in love with this shit, and they label everyone who opposes EU and unrestrained globalization as backwards and racist.
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