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

  1. "Spain COULD be an economical powerhouse" Yes, it always COULD be. But it always isn't.
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  2. My father used to work as a chemical engineer, and he told me something interesting about the future of oil shortage: "50 years ago, they used to believe the oil deposits would last 50 more years only. Nowadays, they still do."
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  3. In the beginning of the 20th century, the politics in my country, Brazil, was dominated by coffee producers. After the 1929 crash those producers were losing a lot of money, so they demanded the government to do something, and the answer was simple: if you can't sell your coffee, government will buy it for you. The result, as expected, was a complete disaster. Sales plummeted while production increased, the government was buying (and leaving to rot) more and more coffee, and in a few years everything crashed down and the republic fell, ending up replaced by a dictatorship. Easy money often has bad consequences.
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  4. A Latin American government that keeps its promises. Never saw that coming.
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  5. Living off of subsidies, having EU passports and not having foreigners ravaging their land... Why in the blue hell would the inuit want to become Americans at all? 😃
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  6. Napoleon once said "if you want to succeed in politics, promise everything, deliver nothing". That's a good example of a politician talking nonsense to get some votes from the least intelligent. And if he wins, he can say "the evil people won't let me do it".
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  7. Brazilian here, Lula is doing exactly what he has always done: skyrocketing public debt to spend money, selling tomorrow to buy today. That's exactly what brought us the 2015 economic crash, when he was leading the country with Dilma Rousseff, and that's for sure the way we're headed if things don't change.
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  8. Worked in Italy for a while, a company simply decided not to pay my salary or my coworkers', something that happens a lot. They decided to sue the company, I decided to stay out of it After five years waiting for the judicial system to do its job, nothing had happened and they decided to let it go. Many employees in Italy, when wronged by their companies, simply decide to move on, as there's no faith at all in the Italian judicial system. Ironically I'm from Brazil, a country which has the exact similar judicial problem. Judicial disputes simply don't move forward in both countries and when a decision is finally reached, it's often unpredictable, as judges interpret laws in any way that pleases them.
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  9. France is an economy in decline. That tells you pretty much everything you need to know in regard to protectionism.
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  10. Fun fact: Lula spent his first two years fighting against the president of the BC (Central Bank), so he could force the interest rates to lower. He lost, lucky us.
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  11. More than a comment, i have a question... Can the US just keep raising debt ceiling forever, or would this strategy be simply delaying an inevitable disaster?
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  12. Same thing happens here in Brazil. NGOs that work within our cultural context are successful. The ones that come with a foreign formula don't.
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  13. Fasten your sit belts, this will be one hell of a bumpy ride.
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  14. China has a huge advantage over countries that followed the same path. Since it's not a democratic country, the government can enforce any change it wants without typical democratic delays and inefficiencies. That becomes, of course, a disadvantage if the government decides on a stupid plan.
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  15. ​ @badluck5647  One of the sides is lying about the other murdering babies, keep in mind.
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  16. Many American companies, like Walmart, failed here in Brazil for the same reason. They set up a Brazilian branch with US mentality, overlook the local culture and end up surprised things didn't work as planned.
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  17. "If destiny is against us, that's worse for it", said once Mussolini. ("Se il destino è contro di noi, peggio per lui"). Well, destiny WAS against them and Mussolini was executed by the Italian partisians. But to me the most impressive part is that in nowadays Italy, many Italians believe the only mistake Mussolini did was to enter WW2. He's still admired by a surprisingly big number of Italians.
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  18. First time I got disappointed with this channel.
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  19. ​ @StandWithIsraelForever  Well, my country doesn't have to be protected by the US. 😊
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  20. That's stereotipical EU and Mercosul. Europe wants free trade without all that free part, and Mercosul is still struggling to actually functioning as it should.
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  21. Finally, FINALLY a South American leader who's NOT a populist. I just hope it becomes a trend.
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  22. Why is it that every time someone criticizes the Israeli GOVERNMENT, someone talks about "antisemitism"?
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  23.  @gianlucapistoia8993  Maybe you should do the test yourself. Ask ChatGPT to write you a story giving it a simple plot to follow. Don't forget to take into account the fact this tech is in its infancy, so the result you get today is kinda like the same you'd get from asking a kid to write you a story. That WILL improve, AI plots WILL be stronger, more complex, more thought provoking and even more creative. That's just a matter of time. Sooner or later you won't have scriptwriters or even book writers anymore. AI will do it better, quicker and cheaper than any human. All it needs is time to learn.
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  24.  @TheDiscordNet  What if they don't know? Could you enjoy art, and then stop enjoying after finding out it was electronically generated? Could you enjoy a song, and then stop enjoying after discovering it was done by a computer? Not an easy question. Should there be a law stating AI art should have some kind of AI warning?
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  25. I've lived in both Italy and Spain, and I've seen things going from bad to worse. There's no political unity or seriousness AT ALL in both countries that would allow for significant reforms. At least not on their own. The only viable path for reforms would be an imposed one. The EU would force the reforms in exchange for money, and Italian and Spanish politicians would continue to blame all of their problems on the EU, while obeying. Can't see another possible scenario. Leaving the euro would completely devastate Italian and Spanish economies, Argentinian style. For the northern countries, leaving the euro would mean losing a major economic force when dealing with other countries, specially the USA and China.
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  26. Nowadays most dictatorships are viewed as fascism. But indeed they were quite different to be categorized as a single thing.
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  27. ​ @RazorMouth  Japan is considered to have a doomed economy. So definitely not a good example.
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  28. That's an economic channel, not a parenting channel.
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  29. Weren't that smart till the end ot the 80s, though. =D
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  30. Great video, but there's a flaw in the teacher/student example - the teacher CAN be replaced and even improved by robotics and AI. Robotics is improving at a quick pace and AI allows for it to mimick human behavior in an astonishing way. Things will only get better with time, to the point you won't be able to tell a person from a robot. Give it a few decades we'll even have sex robots with downloadable personalities that mimick perfectly any kind of partner. The change WILL happen, and it'll happen fast. The question is, as the video has pointed out, how fast it'll be.
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  31. ​ @paulmuscat2542  Oh, but the American industry HAS declined a lot, as Detroit so clearly can demonstrate. Industries have been moving to cheaper countries for decades.
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  32.  @dltn42  For starters, the decision to keep interest rates high wasn't Lula's. Quite the contrary, Lula, who's a complete imbecile when talking about economics, tried his best to force the BC (Central Bank) to LOWER rates. Keeping the rates high was exactly what kept the economy from crashing. Stop glorifying politicians.
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  33. I got both amazed and scared when I asked AI to write a simple story, giving a simple plot for it to follow. It was way, way better than I expected. Scriptwriting humans will have a tough time competing with something like this.
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  34.  @TheDiscordNet  Why couldn't an AI mimic human personalities? It's just a matter of time for it to learn how.
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  35. ​ @danghoangluong2942  After the bombings? That has changed drastically after this war.
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  36. I'm in Brazil for a while. Mid December, I've sold my Euros for 1 to 6 Reais. On mid April I've sold them for 1 to 4,5. Ive lost 25% of my euros' value in a very brief time. Taking into account that Reais is NOT a strong currency, that pretty much tells everything you need to know.
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  37. Indeed, no point dolarizing when the problem is structural. We don't even have a judicial system that works.
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  38. No, it definitely doesn't. 😃
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  39. ​ @nicolaskrinis7614  Sounds just like that Greek wedding movie. 😂
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  40. That might as well be the story of Brazil. Southern states have GDPs comparable to European countries, while northern states can be compared to southern African countries. The reasons were pretty much the same.
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  41. ​ @GeorgeWashingtonLaserMusket  Thank you for your kind words, but we're not doing well in Brazil for over a decade now, and the current government is far from being competent. Only advantage we have is size and vast agricultural production.
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  42. It bothers me when people talk about Africa as a whole. It's an enormous continent, with many different and complex realities. Can't put everything in the same bag.
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  43.  @BYROXI5000  Protectionism is ok if in a moderate amount, but past that point you start stimulating old, inefficient companies and hurting new ones. Present day France and Japan are two great examples of that.
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  44. According to a Japanese YouTuber, it's usual for Japanese workers to arrive one hour early to work. Not doing so will make them be seen as lazy, unreliable workers.
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  45. Doesn't matter if it's gonna happen, what matters is Trump will definitely try.
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  46.  @Emersonunes  You have to be really naive to believe the gigantic public debt had nothing to do with the economic crash. In 2015 Dilma and Lula's government payed more than 300 BILLIONS of interest alone. BILLIONS. Sorry, but lack of investments don't give you two years in a row of - 3.5% GDP.
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  47. In the history of humanity, every attempt to go back to how things were before has ended up in disaster. We need new solutions for global warming, not trying to do the same things, just less than before.
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  48. Well, Germany was quite prepared for war (although it could be more prepared, as seen in this video). So much so that they won the initial war against France and would definitely have won against the UK. Germany wasn't, though, prepared to extend the fight to the USSR and the USA. Had the war been confined to western Europe, Germany would probably have won.
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  49. AI won't help us very much on this issue. For starters, AI tends to replace low-wage jobs first, which would lead to finding a job being harder, which would translate to less people willing to have a child. We can increase productivity, sure, but who's going to buy those products if most people won't have well paid jobs, or even jobs at all?
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  50.  @IbnRushd-mv3fp  If you call state bullism, bad economical moves and tons, tons of propaganda something "game changing", then we do agree. The vast majority of victories of Mussolini's fascism existed on paper only, fruits of fascist propaganda. When fascism had to PROVE they were an efficient and solid state, in WW2, everything went to pieces really quick. Can't fight wars with propaganda alone. To go to war you need to be the real deal, and Mussolini's regime was far from it.
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