Jesus, it must be Christmas! Yugopnik uploaded yesterday, First Thought will be uploading at noon, Second Thought uploaded last Friday, Hakim today, and the Deprogram this Friday

This isn’t meant to put down Hakim, I love his videos, but does anyone else have trouble understanding what he says? He talks quite fast and kind of mumbles.

I mean here we got taxed more than 59% of salary so gee I don’t know

What a poor video.

Doesn’t talk about the cost of capital or even mentioning a businesses PnL.

Also someone else’s risk does not impact my choices. It’s like he’s read some economics 101 for the first day. But he should have focused on supply and demand, and on opportunity cost but he went with risk and made a mistake.

Yea socialism great. Turns out it isn’t very efficient though. The efficiency losses in socialism even if it’s democracy socialism rather than dictatorship capitalism far outweighs those in capitalism. Even which choosing your own wage you still come back to supply and demand.

Healthcare, taxes, housing etc can all be fixed with appropriate taxes and externalities corrections in a capitalist society. Yea they need work. Doesn’t mean it needs to be socialism.