
turbocuckcel_7000
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★★★★★
- Joined
- May 2, 2018
- Posts
- 26,463
amerifats and the rest of the west all waste an incredible amount of money instead of investing in their people and infrastructure, this is well known
Idk too much about this event, but it is saying government artificially lowering barriers of entry and changing incentives leads to disastrous consequences. Idk if this is the case here, but this does happen in other areas of the economy like it did with the banking industry. The government incentivized banks to give loans to people who wouldn’t be able to pay them back in order to try to increase house ownership., thus lowering the barriers to entry artificially for home ownership. This is often cited as one of the primary catalysts of the 2008 market crash. I’m not saying these events are similar but I understand why government regulations to artificially lower barriers to entry can fail.Well boiling things down to a single number is an overly simplistic way of analyzing economies tbh
They claimed too much competition + lowered barriers of entry in free markets was a bad thing (despite the fact corporations competing with each other is the basis of supporting a free market economy at all).
They probably said that because they needed to find some excuse to blame the government for the abysmal state of telecommunications industry United States after a disastrous deregulation bill (Telecommunications Act of 1996).
What do you mean hell no? The data they get does come from other organizations that are non-libertarian.HELLL No. It's widely known that they are libertarian shills (borderline anarcho-capitalist) that don't even support regulations as basic as prohibiting child labor.
Their methodology is pretty public, hence how some ancaps and socialists try to say it isn’t valid.Everyone gathers data from primary sources. What matters is the interpretations, analysis, and conclusions drawn from those statistics.
Kek my favorite cope from Westerners whenever their adversary is shown in positive lightIts staged
all those damned sand niggers are paid actors and the city is a green screen
and thats why the country is still ass no matter how much they greenscreenKek my favorite cope from Westerners whenever their adversary is shown in positive light
It’s not that there is no competition, it’s that there is artificially increased amounts of competition due to government intervention. Who do you think is more likely to take make more risky investments? Someone who has to use their own money to make decisions or someone being funded by the government to make a certain investment? This is a classic example of how government programs can change incentive structures (which the government wanted in this case), but may not have been the most rational decision if you had to put your money on the line.You'll be laughed off by any economist if you argue that that increasing competition and low barriers to entry leads to disastrous consequences. Why is a free market good if there's no competition? Why not have everything planned by the state instead?
Using state intervention to try to “increase market competition” is actually a point Libertarians say is something that almost never works. They even criticize many classic economics examples of government intervention to increase free market competition.As a matter of fact, "reducing competition" and "increasing barriers to entry" is the go-to argument for any libertarian when complaining about state intervention. The Cato Institute flipped the switch this time since they couldn't find anything else to blame the government for![]()
It is the same in one sense because the government is funding people who would otherwise not be able to afford to get their foot in the door, just like paying corporations who would not be able to make such a financial decision as investing into the telecom stuff as they did otherwise. Both of these were meant by the government to have a positive benefit to society, but they both had unintended consequences.This isn't comparable at all. It's more like the government building more homes, since supply is being increased and not demand.
I also don't agree with you, though debating the government's role in the subprime mortgage crisis is its own can of worms.
Even if we assume the government was responsible for incentivizing subprime lending, this situation still isn't comparable because the crisis was caused by investment in a special type of asset known as the mortgage-backed security which were backed by loans given to people who wouldn't be able to pay them back, and not the people being able to pay them back per se. This is a financial issue, not an economic one.
The idea was that the cost of getting a mortgage prevents many people from getting housing because it won’t be paid off by people who don’t make enough. This is a barrier to entry into the housing market.That isn't what barriers to entry is. Barriers to entry is anything that prevents new entrants (companies) into the market. For nearly every situation, lower barriers to entry is a necessity for productive and allocative efficiency. You'd have to start arguing against the very fundamentals of all economic thought if you don't think this is true.
They are respected among many economists, and there are many economic schools that do support free-market capitalist solutions to most things.Hell no as in they aren't respectable. Go look at any of their articles: they will always conclude, in every single one of them, that the free-market capitalist solution is the correct approach. This is because they're funded by private multinational conglomerates so they can influence policymakers. They don't do this work for fun; they are affiliated with no university.
They are not anarcho-capitalists. But libertarians don’t think everything in a free market is perfect, hence why they believe a government should exist. I don’t know whether they are right on this issue and it just feels wrong because it emotionally impacts me, but I have no actual knowledge on the subject so can’t comment. Is what they’re saying actually wrong?Of course that's their argument. It's the anarcho-capitalist argument for everything the government does. They will never admit to any sort of inefficiency within free markets.
Did you not read the article I sent? They already addressed this point, that if the amount of money without the children can’t sustain the lives of the family, then the kids will end up working illegally and often in even more dangerous jobs. As I said, I’m not sure if they’re right and unless you have done a lot of research into this subject, neither are you. I just don’t have the knowledge to be able to argue one way or another.The idea that we should eradicate a basic labor regulation and instead have children wait for the benevolence of the private sector first is a radical viewpoint...
From what I know, libertarians only agree with neoliberals on the idea of free markets generally lead to increased efficiency and prosperity, but on most other things they diverge in many ways (especially social issues and other economic issues).Their ""research"" is still slanted to support the neoliberal agenda. Of course no one would take them seriously if they refused to give any methodology for their conclusions.
Is poverty bad? Why don’t we just give money to poor people and solve it? Because it doesn’t work like that, and the same goes here, as it leads to unintended consequences.You are making this far more complicated than it needs to be.
Is increased competition between producers and reduced barriers to entry desirable?
The answer is unambiguously yes. No matter who you ask or where you go the answer is always yes. This is not a controversial claim, and it the basis for all our economic study on markets.
In this case the barrier to entry was high costs and high risk, as it was speculating the future growth of a technology. If you decide making a high risk high reward investment like this is not worth the risk, then you wouldn’t invest in it. But now if someone is giving you money to specifically invest in this technology, you are probably going to take the money since the risk to you has vastly decreased. This higher amount of investing into this technology (that is heavily pushed by the government) will artificially push the stock prices of this industry much higher than what the actual speculation would have been if they their incentive to invest was based on their own money. So it’s no wonder the market would crash and revery to what it’s true value would be.I am talking about barriers to for new producers from entering the market, not the cost of a particular good. Barriers to entry are always bad, since they reduce the supply of goods in a market. Again, not. controversial claim, it is simply a matter of basic fact.
So nothing they say is inaccurate, as it is factual. If they were making shit up, then they would not be called factual. The organization is respected enough to be funded by corporations like Google. Yeah, they get funded by many corporations, although most their donations come from individuals. If the organizations existed to try to influence laws to make more money for large corporations then that would be one thing. But that’s just not true, as the organization was started by Murray Rothbard (an economist), Ed Crane (a ex-libertarian party member), and one of the Koch brothers for funding (since he ideologically agreed with them), who originally fought about the goal of the organization to become either purely scholastic or try to push public policy in specific ways because it matches with what they believe. Yeah it has the typical skepticisms that all privately funded scientific research does, but it does seem to have a good reputation and be highly factual.The Cato Institute? The Cato Institute is a think tank funded by multinational conglomerates to influence policymakers. They are not "respected" by anyone, and as a matter of fact, they only recently admitted climate change was real and human-induced. They are merely a means to an end for people with agendas.
I never claimed their "factual rating" was "bad". I claimed their ideology was "bad".
It’s not leave it to the markets, it’s leave to it individual families to decide whether they need kids to have to work to survive. That’s the arguments of the libertarians, as just like drug laws that don’t do anything to stop the spread of drug use, banning of child labour legally isn’t going to stop child labour from actually occurring. Whether this is true or not historically or whatever, idk but sure I want to hear your ideas.My dudedo you really want me to explain why taking no action again child labor and just "leaving it to the markets" is an ethically unsound argument? I can do it if you want to but it seems to me pretty intuitive why it's not.
Why do you say that?Libertarians are neoliberals but not necessarily the other way around.
How do they look better than Iranians if they are Iranian rapebabies?? Lol, you are giga delusional coper.
Yeah, I have seen refugee afghan women going out with chadpreets.
keep triggering that sand nigger shitskin
copes way to hard
btw plenty of middle eastern toilets especially afghan/iraqi go for chadpreet here
How do they look better than Iranians if they are Iranian rapebabies?? Lol, you are giga delusional coper.
More and more Iranian and Afghan women are marrying supirior Indian men.
Look how Afghan men are selling street food on Indian streets while Afghan women are enjoying and exulting with chadpreets![]()
View: https://youtu.be/eieEsqirlwk
View: https://youtu.be/M74gWKh0sLE
Nonsense. She wants Indian men just like how BTS lovers want korean men.
Stop seething nigger!!
She's Iranic
Pashtun or Iranic women in general like Dark choclatey skin not ugly pig skin that's why more and more Iranic women are eloping with superior Indian men while afghan men are dying alone in terrorist attacks.
Pashtun women want smart, rich and choclatey Indo-Aryan men not effeminate poor afghan faggots.
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You better ask this to their women why they want choclatey Indian men
Men is Indian you fool
It took him only 11 rupees to marry that white Iranic girl
Only 2-3 of them are Punjabis, retard!
Also jfl at thinking paki is different race.
This is Paki cricket team
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This is Indian cricket team
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I don't think they look different race.
unironically, all normies say that when they watch any video recorded from DPRK's Pyongyang.Its staged
all those damned sand niggers are paid actors and the city is a green screen