Comments by "Luredreier" (@Luredreier) on "VisualEconomik EN" channel.

This video completely and utterly misses the point. By keeping education free you keep up the supply of fully educated people providing your companies with more bargaining power for them. That makes it easier for them to create jobs for everyone else who hasn't taken this education and keeps the relative income of the educated vs the not educated much more similar. Furthermore, there's nothing stopping you from covering living expenses partially or fully even if the universities are free. The Norwegian system is free education at all levels even for non citizens, while living expenses, study materials and excursions is covered by student loans for citizens. Free education is not about removing differences to begin with but to invest in the economy benefiting everyone in it. If the tuition fees where to be covered by loans that would lead to higer wage pressure for companies that require a highly educated labour force, increasing the costs and risks of trying something new and makes many concepts unviable. And ir increase the wage difference on the negotiation side, instead of on the tax burden side.
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"profligate"? Anyway, we're pretty much cashless here in the nordic countries, and we're far more democratic then say the US...
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Also, the reduced differences isn't caused by the taxes and who they're allocated to but by the end result of increasing the supply of low cost highly educated labour. Without huge loans to pay back more of them are willing to take lower salaries, and if you invest in the whole chain you'll get a bigger supply driving down the costs allowing companies to use this educated labour to create more jobs also for less skilled labour. And the relative purchasing power of low skilled workers in terms of services requiring a high education also Increases. They're putting the cart before the horse...
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@alexdaland Yeah, pretty much. That said, the US goverment already pay as much pr capita on health care as European countries with universal health care despite not covering everyone... So yeah... Edit: This was a comment to his first comment.
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Honestly I don't mind the manipulation here in Norway. Keeping the prices high is helping the switch to electric cars. Just a shame that the money is going to huge oil companies instead of in taxes to the state.
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That's a far too simplistic takeaway from this to be true, and you know it...
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@1mol831 "Western countries are relatively authoritarian"? How so? As for India, it's definitely more authoritarian then a majority of the west... That said, different governments are libertarian and authoritarian in different areas, is there anything in particular you have in mind?
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5:58 That's a assumption. It's just as likely that this was used as a form of furloughing to save the company money in difficult times, leading to lower risk of permanently losing the job due to say bankruptcy etc. This makes companies able to be more flexible.
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The thing is that companies with a diverse group of people employed (even if qualifications are otherwise identical) actually ends up being statistically more creative and productive (the difference is small, but noticable in the data). Any difference between workers helps. Even just gender. If you mix men and women you have more creativity and produce more parents etc then with just men or just women. Likewise with different ethnic groups (bigger effect then mixed genders). It's not just the creative people either like bohemians. It's difference in general, even if both groups are conservatives, but from different countries and different religions for instance. Heck, even different economic classes seems to help a tiny bit. It's possible that it has something to do with how differences change how we interact with people. Also, we're talking about averages here. It's not something that applies 100% of the time. Sometimes certain groups of people just really don't work well together for whatever reason... But that happens in non-diverse groups too. But yeah, research has shown that statistically if you mix people they're more productive and creative.
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9:55 Well, that's where inflation comes into play... More money in the market means each currency unit is worth less relatively speaking. So even if the total available resources increase the ones with the wages ends up with less purchasing power after inflation is taken into account... Because there's always someone that can outbid them for anything.
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Well their assumptions are wrong... Free education lowers differences by keeping the wages of highly educated labour low. The differences aren't reduced on the tax side, that's completely misunderstanding the dynamics at play.
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I think that the Norwegian style condominiums from just after the war was pretty successful at making homes affordable. It's not without its own flaws, but it works.
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4:18 It's not just the matching that's a benefit. The diversity has a advantage in terms of its influence on social interaction and creativity as well. Be that different genders, cultures or anything else.
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@Bonanzaking They're not totalitarian. But the Bahamas is using a first past the post electoral system that keeps the elite in power and reinforces the class system on the island, a class system that has a racial legacy leaving Bahamians of colour far more likely to be poor and forced into a subservient role in order to survive...
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@michihofer587 Actually, with digital currencies it's far easier to keep track of criminal activity. Sure, your account may be hacked. But at least in Norway if your money is stolen through hacking etc it'll be paid back by a mandatory insurance by the banks. And that kind of hacking always leaves a trace.
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