The Silk Road was a "free market" and now the guy is in prison without possibility of parole. Free Ross Ulbricht
@ricardo5622
5 жыл бұрын
What's even more bullshit is that the operators of other darknet markets got like a 5 years sentence
@DiogoVKersting
6 жыл бұрын
I love the joke with the "quotas" hahaha
@immaculatesquid
6 жыл бұрын
can we redistribute that myeah to my bedroom
@seanimpactanalytics9180
4 жыл бұрын
"I know you'll lose your job if we do this, but you'll probably have more access to goods..." How will I afford the goods? Please, help me understand. I want to be a god libertarian, but boy is it hard to tell people struggling to find a job that we need increased competition.
@letters_from_paradise
4 жыл бұрын
Dorobâț feels so... warm in her style. Like you're listening to a friend, not a teacher. Very refreshing!
@arunavadasgupta2147
Жыл бұрын
Is International Trade4 Free From Risk Factors If Yes How much Percentage ?
@mik1984
6 жыл бұрын
Where can I find "the yesterday's lecture"? Sounds very interesting.
@TheGerogero
3 жыл бұрын
kzitem.info/news/bejne/wouvuWloiKeUq4I
@chicoktc
6 жыл бұрын
Very good lecture, clear, well delivered, funny when it had to, great stuff!
@mu2freighter
6 жыл бұрын
A cogent and informative presentation, thank you, Professor Dorobat! One problem today is that politicians don't have your erudition and finesse; they simply scream _'Unfair!'_ and in the US (my example since I live here and see it), _Boobus Americanus_ obediently falls in line in support of these crude and destructive policies. Even though tariffs and protectionist policies distort every market they affect and misallocate wealth right into government coffers, too many people reflexively support them out of perceived nationalistic strength...even though it's just an emotional illusion, and the end result is they have less wealth to use for their own lives every year.
@srdjanradanovic7405
3 жыл бұрын
I can't understand her example with buying bread. If an export can be viewed as selling and import as buying, how is giving money and receiving bread an example for both? It can represent importing goods, and if I'm only buying (importing) bread and not selling (exporting) much I'm going to run out of resources very soon. Only gains I see would be in my weight.
@Fin4L6are
2 жыл бұрын
She means that there's an exchange when you buy bread. You give something (money) and you get something (bread). It's an analogy of export instead of an example of it... That said the benefits of free trade in terms of imports are obvious - lower prices.
@Sheeshening
6 жыл бұрын
Now I would really like to see the justifications for these regulations.
@Fin4L6are
2 жыл бұрын
There's two options if a country doesn't want to let it's industry disintegrate due to free trade and more competitive industries from other countries. You can increase the taxes (or print or borrow the money), take that money and give it to the industry, so even at a loss it can keep working. Or you can impose a tarif and cash in the money from people who want to import, making their product more expensive. This allows the home grown industry to be competitive. The first option is you take the money from your own, making people in your country poorer, and the second option is you take the money from other people, prices rise making people's purchasing power worse. Without either option we'll buy everything from china as long as it's cheaper. It can happen to even such basic industries as the food we eat as long as they can make it cheap enough.
@Fin4L6are
2 жыл бұрын
The problem of corruption/ bureaucracy of the people who decide is even more complicated. This may be a Trade Ministry or something of the like, where the minister all of a sudden becomes the best friend of all industry, all big business, corporations, special interests etc. Potential for corruption is extremely high. One solution is a flat import tax for everything, for example 10%. Solves the corruption, helps the domestic industry (by 10%), but increases prices more or less universally. For example it may be very beneficial to not tax crude oil products if there are no petroleum reservoirs in the land of your country. To avoid this problem they could, instead of choosing a tax for every product like shown at 32:51, apply a exemption for certain industries while the rest keeps the flat rate (which is like attaching crutches to a sub-par solution - a compromise). Another solution would be to prohibit the parliament (or the equivalent) to delegate the decision making to someone else, like a trade ministry. This would help because it's a lot harder to befriend or bribe hundreds of people comparing to one or few. However that would increase the responsibilities of the politicians to make educated decisions in the field of economy, but at least people vote for them. If we want lower prices, free market is perfect for that. If we want to destroy our industries, or prevent them from starting out, free market is great for that too. If anyone has any thoughts please share.
@Fin4L6are
2 жыл бұрын
35:31 "The higher they tax their imports - the less they export." I'd like to point out the causation is inverted. Undeveloped countries impose import taxes to attempt to develop their industries. The more they succeed in that the more they can export, because they have to be price competitive with well developed countries in order for someone to buy theirs. Already developed industries clamor for free trade, because it means their production will be bought by other countries. In many cases the industries first develop in a closed market, and after they're competitive, it's advantageous for them to open up to a free trade. So this is why in the case of US it's advantageous for them to promote free trade because their industries are the best in the world and most competitive. However that changes once a China comes on the market, all of a sudden they need protectionist policies in order to not shut down their industries and a part of their economy.
@tomatobrush3283
6 жыл бұрын
At the G7 meeting Trump suggested no tariffs as his preference, the EU and other countries said they would look in to it. The media didn't mention that, one had to watch the raw video speech.
@JB12JB
6 жыл бұрын
Gregory Van Der Mewve Reuters and Bloomberg did... But that's just for show, Trump would never accept that because it would hurt steel industry as an example and threaten " national security".
@maverikmiller6746
3 жыл бұрын
13:30 Wrong. France and Germany had unbelievable trade between them right before WW1. That did not stop France from declaring war or Germany. Trade is no barrier to conflict.
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