The Myth of the Free Market – Money, Interest and Power!
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A video to send to those who think the free market produced all the recent economic catastrophes… …and happy new year to all my listeners and subscribers, thanks so much for all your support of Freedomain Radio! 
www.freedomainradio.com
The internet may have been started with taxpayer dollars, but it looked nothing like the internet of today. It didn’t become a useful tool until private companies began to develop it further.
@ayzb5tf8
well, you made a point here, but:
it is not the failure of a free market simply because it doesn’t exist. Governments sucking up vast amounts of money for their military industrial and social complex prevent innovations in other sectors.
But there are still innovations in pharma although it is questionable, in industrial development. there are innovations but you can’t see them because it is not for consumer purposes.
@ayzb5tf8
Hahahaha. Fucking ha. ha. ha. If there were still one telephone company, we wouldn’t have fucking cell phones.
ayzb5tf8: Google. Government produces shit.
I enjoyed your comments, although I fundamentally disagree with you. The greatest irony of this video is that you are pontificating about free markets on a medium (the internet) that was developed through taxpayer’s dollars. In today’s modern world, economic development stems from technological innovation. Can you name one major technological innovation of the past 50 years that came out of the free market? The answer is that there are none.
We obviously cooperate. But what if my family members demands 100 000$ bucks for his failing company, especially if i am aware of how much of a failure it may be in this example. It will not only lead him not to change his habits, but destroy my resources. Competition is necessary when risk is involved, otherwise you may follow a downtrend to your own eventual economic demise. Nature cooperates a hell of a lot more than it does compete, which again, happens when scarcity/risk occurs.
@ExquisiteDoom
you see market forces everywhere, and you think competition can solve every problem of this system. if you want to get something done within your family do you compete or cooperate? competition is the law of the jungle, take all your free market books and good luck!
Everything dangerous on the marketplace tend to become less dangerous. Danger creates a demand for security. The fear of losing your employes, the fear of driving your workforce elsewhere will provoke higher prices on your part. You can’t compete if there is violence; as violence is always expensive to maintain. You need to look into insurance business, rating agencies to better comprehend the opposing forces corruption would have to face.
I’m sorry but the concept of “perfect competition” has been discredited and i consider it to be mental illness. Gold competes with USD, and they’re not the same. Lazyboys compete with chairs. Apples compete with pastas. If apples are so damn cheap compared to pastas, the incentives will change, and apples will be most consumed. You don’t need this crazy idea of perfect competition for the freemarket to be fruitful. Also, as for corruption, it would inevitably be reduced through market forces.
It seems you don’t even know the arguments of the AnCaps. Try reading “Practical Anarchy” first before criticizing a Freedomain video.
You might want to look at Thomas Sowell’s race, culture and gender books if your interested in how those things are related to social organization.
Stef, I wish you’d put out more vids on the free market like this! I miss your commentary on current events!
good flick
Free markets are the greatest poverty reduction mechanism ever devised, working vastly better than any redistribution scheme yet devised IMO.
There certainly is a discussion to be had on income inequality, but thats a better argument for supporting charities than states.
Did you watch this video? How do we have a free market when the most fundamental price signal in the economy, interest rates, are state controlled?
What about the BILLIONS currently being lifted from poverty by market reforms and trade?
i am so happy just got a amazon voucher from FreeAccz[dot]info
Free market -> New Eden, New World, Heavens… we knew that from all others revolutiarists-utopists (specially socialists)…
@Lawsome101 I appreciate your intellectual honesty – It’s a rare quality these days. I was also disappointed with it when I actually took the time too look up some of its claims. I found them to be, ironically, rather propagandistic.
It was a bad argument. Thanks for calling me out on it.
However, that doesn’t mean that I’ve stopped thinking of Zeitgeist as crap.
… or should I say “guilt by association” fallacy? Either way it’s a terminally fallacious argument.
“Zeitgeist is crap because it’s main supporter is an anarcho-communist.”
What a splendid example of the ad hominem fallacy. How about, “Zeitgeist is crap because it contains some factual errors”? The film does capture the general idea, you know…
Check out:
Ludwig von Mises, Theory of Money and Credit
Murray N. Rothbard, What Has Government Done With Our Money?
If you want to know how money really works in society.
Zeitgeist is crap because it’s main supporter is an anarcho-communist. Check out the Venus Project.
11:36 Stef slowly turns blue _ AMAZING effects!
5 Stars and Favorited. As I watch this vid it occurs to me over and over that if everyone knew this stuff the governments wouldnt be able to get away with so much. Keep it up Stef, I learn more from one of your 15 min vids then in a whole year of highschool.
Good video, but you really need some more info on the concept of ‘money’.
I recommend watching
Money as Debt
Zeitgeist
Zeitgeist, Addendum
Keep up the good work, fresh dissident thinking with a capital T.