I don't like that your brain dead vote can be used by politicians to grant you something for nothing, at my expense. Economic philosophies are equal to racial, religious, political philosophies in their use as tools of those in power to maintain power or those that wish to rest greater control from those in power. Thanks! This video is totally awesome. I've always found that insulting people is a great way to get them to listen to you. Where are the Kochs, Dulles', J.P. Morgans, etc. We must have a paradigm shift or we are going to eat ourselves out of house and home and then where are we going to go? I never said that regulation was the problem. The viewer is presented with two options on economic planning. even when companies cause harm to individuals, they usually get away with it through government protection and can lobby politicians so a more honest and progressive competitor cannot replace them, which is what we are witnessing all around in the form of bailouts, paid for by the blood sweat and tears of the taxpayer. At least the automobile manufacturers make something tangible. you want this movie to be propaganda because if you do accept this as history it would change your economic philosophy. They like simplistic answers based on naive, simplistic assumptions based on some reality I've never lived in. Ultimately, the idea of 'fair' to all people is impossible, because the 'haves' want more, and can only obtain it from the backs of the 'have nots'. That would be the dictatorial capitalistic viewpoint you quoted there which is what I'm saying needs to change. C. Specialization and comparative advantage: the basis for international trade A global economy, energized by technological change and unprecedented flows of people and money, collapses in the wake of a terrorist attack …. @princeton If we are going to talk about freedom we need stop wringing our hands about Keynes and start looking honestly at the way WE have allowed the power of government to be abused by wealth and power for the benefit of wealth and power. However, they mostly left out 'The Wizards of OZ'. Truly free markets ARE resource based. Doing a google search for "commanding heights propaganda" as suggested above just brings me back a bunch of internet crazies posting comments on places they watched the docu. "The study of the nature and functions of product markets falls into four broad areas: Do you even know what goes to other departments? The "regulators" are our "elected" (L.O.L.!!!) Coverage of these concepts provides students with the foundation for a thorough understanding of macroeconomics and puts the macroeconomic material of the course in proper perspective." Baumol, W., Blinder A. Other peoples ideas may well be wrong but at least they are looking for a solution. once you identify that problem, the solution becomes obvious. I'm actually glad it's a pro-global bias. Nevertheless, the problem is not with the style of government but with the egotism of humanity to selfishly be indifferent to one another. I recommend you watch it from the start and pay closer attention. Despite the fact that NAFTA led to an increase in investments, growth in total trade in the region, more jobs for Mexicans and increase in their standards of living, it also adversely affected the labor market in the U.S. with approximately 400,000 workers adversely affected and increased the costs of labor in the region (Baumol, and Blinder, 2009). But there is no Marx-like guidance for the post-revolution to insure against this tendency. One difference is money. The New Rules of the Game. Europe has private property. There are several ways to be notified about new content on TDF. Nowhere on this planet is there this pure form of "free market" capitalism that you speak of. There is no perfect implementation of Marxism and no perfect implementation of free markets. Summary of Commanding Heights. I saw that back in 1977 and just found it on YouTube last year. I would also disagree that the government tried to regulate these old industries in an effort to make profit, big oil regulates the government not the other way around. Students can examine comparative outcomes for nations pursuing more tightly controlled directed market policies, which are externally focused but with more highly regimented state control over industrial policy. I don't understand how you can control capitalism with social-responsibility. AP Overview of Economic Growth LOL @23 where bankers whine about runs on the banks. I would like to see links to actual sources showing the docu and the book are just propaganda, instead of vague references to a sea of anti-globalization internet documentary commenters. It's part of a team work....called the Internet Bashing Buddys, most of them are more peacefull in public though, no one likes a fist in a face. But wasn't the situation of free-markets of the early 20th century and the disastrous that followed lead to ideals of socialism and regulation? That is when you see the wealth gap in a country widen.. do less, eat (earn) more is part of life. The leader could decide who would live and who died.