‎‍🔥 Watch Prof. Davies' Latest Video: 7 MYTHS ABOUT THE GREAT DEPRESSION - kzread.info/dash/bejne/o2iOr6-BZq_eiMY.html ‍🔥

I worked for the state government for 30 years. Private sector for 8 years. This lecture is spot on.

@bartdoo5757

4 жыл бұрын

@Jan Sitkowski After it was privatised, British Railways added more drivers, more trains, and split to more than 100 companies. There were dozens of smaller engineering and maintenance companies created. How is the new government owned train system in California doing?

@jasonasdecker

4 жыл бұрын

@Jan Sitkowski You miss the fact that most metro transport systems are losing money, if not for the government subsidies they would not exist. www.citylab.com/transportation/2015/06/how-much-money-us-transit-systems-lose-per-trip-in-1-chart/395189/

@Galgus2000

4 жыл бұрын

Jan Sitkowski Utter nonsense, there is no need for government to be involved in creating or managing money aside, at most, simple contract enforcement. And even if you accept a legitimate role in government protecting you from aggressors, that is not a blank check justification for it to steal as much as it wants from whoever it wants. To do so would make it an aggressor, and hypocritical in its claims of protecting the citizens. That and gold, the historic money of choice, has value outside of being money. But the basis of money’s purchasing power ultimates rests on being able to exchange it for goods and services: the government is irrelevant there, and we’ve seen official state currencies hyperinflate into uselessness. The government does not rightly own me, my money, or all the land in the country: as the aggressor it should leave if it is not wanted. To expect peaceful citizens to leave the country because they dislike a law is like saying that if you live in a town controlled by a brutal mafia, you automatically consent to and have no right to object to their depredations.

@fredericksaturnine4167

4 жыл бұрын

Enjoy hell. Hope that liquid fire burns you good.

@illumencouk

4 жыл бұрын

Something to consider when making comparisons like these of the Private over the Public Sector is the 'false reality' in which these comparisons will ultimately be made. Basically the 'modus operandi' for successfully transferring Public Sector Services (non profit) to the Private Sector (ONLY profit) is seen everywhere - make the said 'Services' overly bureaucratic with the creation of more senior management, more executive roles. Then to cut costs these high salaried individuals, one after another, for the benefit of the taxpayer are made redundant or retire with golden handshakes and pension busting payoffs. Irrespective of their performance they all take large sums from the public purse. So the 'Services' performance under Public Sector control is deliberately made to under perform whilst simultaneously rising in operating costs and this 'ethos' is maintained thru tried and tested 'mismanagement' methods. Eventually those paying for the Services (You) and those using said Services agree the Service is broken and not fit for purpose. Costs have spiralled out of control while service level kpi's have dropped across the board. Up steps the Private Sector to save the day. Profit making is now the focus, not the Service. This is exactly how our NHS (National Health Service) is 'deliberately' being broken right now. Annually renewable Private Individual Health and Insurances policies for every man, woman and child who can afford it, amounts to a shit load of greed and ultimately power.

"The politicians are also human beings" I question this premise

@nustada

4 жыл бұрын

They are human beings who get to commit theft and murder, because they won a popularity contest that they happen to control.

@tyvamakes5226

4 жыл бұрын

I say they are. Some read Machiavelli's prince, some heard Oswald Mosley's speeches, some others spent their time playing chess while making KZread Rewind 2018.

@thomaspick4123

4 жыл бұрын

Yes. That is an oxymoron.

@cocomonglover

4 жыл бұрын

they're lizard people

@arrrseeingeye

4 жыл бұрын

Ahh ha, so do they...

randomly found this guy in suggestions and I was mesmerized by his lectures. 30 minutes felt like 5, he's amazing at lectures.

@truthseeker3397

4 жыл бұрын

Im about to be late for work watching this.

@ragon747

4 жыл бұрын

@@truthseeker3397 worth each second

@jeremyharvey9841

2 жыл бұрын

Yesssss 🙌🏽

@HellYeah.McKracken

2 жыл бұрын

@@ragon747 like

@SomeTomfoolery

2 жыл бұрын

Right? I went to pause the video and was surprised it was almost over!

This entire presentation was done so he can rant about the Pennsylvania DOT. BRAVO!!!

@chrisnebinger5380

4 жыл бұрын

FYI, I just visited the site, and it has been overhauled. It doesn't look like this anymore.

@leefamily9000

4 жыл бұрын

I think he used the DOT because it's a great example of a failed government system. He could have also used the TSA.

@BobWidlefish

4 жыл бұрын

*@Joel* the TSA is a great program: kzread.info/dash/bejne/fKKMj6Ztm862f7Q.html

@festivalflightcrew2895

4 жыл бұрын

They built a tv show around how bad Pennsylvania DOT is. So yeah I think I understand his frustration

@LordsofMedia

4 жыл бұрын

@@festivalflightcrew2895 Oh yeah I forgot about Small Wonder.

This guy is a LEGEND! Was lucky enough to have him for multiple courses. Would legitimately fail half his class the first week to get rid of the fluff pulling the rest of the class down to maximize everyone's education, including the people he failed🤣

When I first started work at age 20, I noticed the attitude of public servants first-hand and couldn't help but conclude that if these guys had competition, they would be history. Also if I had to tell my phone company what calls I have made during the financial year and from where and to where and to whom and for how many minutes and on what device and I had to figure out how much money I owed them and then go to an accountant to get it all checked and verified and face a fine if I miscalculate and then pay both the phone company and the accountant, I would switch to another phone company in an instant. Pity I can't do the same with the my taxes which are even harder to figure out.

@superchuck3259

5 жыл бұрын

And in the end all taxes end up at 10-20% gravitating around 17%.

@Josh420-13

5 жыл бұрын

Lachlan Groenveld well soon u may only have 1 phone company. The biggest criticism I have for everyone including the speaker. Private business is monopolizing. One private company to run one type of service is happening and the politicians, have allowed the laws that protect monopolies change. Cause politicians r paid of by big business. So soon u will be treated like shit. Go call ur phone company for customer service, is it great? Nope. And they still have a little bit of competition. Imagine when there is none. Privatizing everything is not the answer. We need to stop the thinking that we can’t be informed without it taking too much of our effort. And get informed to actually vote people in office that aren’t funded by big business. That doesn’t need to make laws to help big business but can help average Americans. Not give rich people big tax breaks anymore.

@jrstf

5 жыл бұрын

@@Josh420-13 - Big business has zero votes. No big business ever elected a politician. The biggest tax breaks go to the poor, the poorer half of the country pays no income tax, I can't imagine a bigger misplaced tax break than that. I wanted phone service from Verizon, I hate Verizon, very bad experiences with them. So I bought from PagePlus, Verizon provides the service, PagePlus isolates me from Verizon. Won't solve most people's needs, but for me, I had a choice and it has worked very well. Government though is by definition a monopoly, as detailed in great depth in this video. Nobody has an alternative.

@Josh420-13

5 жыл бұрын

Bryan Jensen wow. U r naive. Big business, wealthy people have a lot of control over politicians. Politicians don’t dare go against their big donors for fear no more donations or donations to an opponent. This is how the game works in a lot of cases. Whoever is funded the most usually wins. Especially if the other guy only has a little. Politicians r also guaranteed high paying jobs by lobbyists to vote their way on a bill. This is the problem with government. U even say the government is bad. Yet u won’t except the main reason y. We elect the wrong people that have been funded by big business and they influence the politician to do what they want. We need to get big money out of politics. U say government is a monopoly. But we can vote in or out the politicians. We can’t get rid of someone when a company monopolizes a service. Also, even not a monopoly but just even 2 or 3 can make it so they will stay. They r too big too fail. And then we bail them out but say screw u to the public.

@valkyriefrost5301

5 жыл бұрын

@@jrstf - in my area, cable and internet are provided by Comcast. It's a monopoly. If I want internet access, I have no choice but to go with Comcast. As such, Comcast can charge pretty much what ever they want and I either pay their price or I don't have internet access. My in-laws have no cable TV and no internet access because they cannot afford Comcast's high monthly prices. They live in an area where over-the-air TV is no longer available. So, the private sector is no panacea as it can be just as bad, if not worse than the gov't monopoly when given the chance (profit incentive) to dominate a market. Read up on Standard Oil and you'll get a better understanding why we need both private sector and gov't oversight of the private sector.

Everyone should watch this. Greetings from Buenos Aires, Argentina.

@ragon747

4 жыл бұрын

Learn about libertarianism, you will be even more surprissed

The part on the DMV is hilarious, you can feel the rage they filled him with.

More people need to watch this.

@infomation1751

6 жыл бұрын

bergonius people need to realise that change takes time

@reverendbluejeans1748

6 жыл бұрын

Can you dig it blood.

@25Soupy

6 жыл бұрын

No, everyone should watch this. This is what should be taught in schools.

@ragon747

4 жыл бұрын

I did a contribution doing translation and submit a subtitle in my language for this video. But I did see the response yet... Anyone knows how those contributions works? we need to wait until the owner accepts our subtitle submission? If there is subtitle in my language I could spread this video more easily

@cspike9061

4 жыл бұрын

The entire voting population needs to watch this.

This guy gives great lectures.

@BeerByTheNumbers

6 жыл бұрын

I agree! Glad Learn Liberty is featuring him more!

@samr2669

5 жыл бұрын

Agreed, but I don't agree with his summary of the impact or benefits of Tariffs in terms of an economic force to benefit a country.

@MrRickstopher

5 жыл бұрын

@Stevo Devo Damn man. "The internet and access to the information it provides reduces the information cost of the individual voter." That's all you said in aaaall that pretentious babling. Get some friends man, that was painful.

@tomservo75

5 жыл бұрын

@@BeerByTheNumbers Proof that not all professors are Marxist-leftists. Only about 90% of them.

@flowerpt

5 жыл бұрын

I love how he uses physical location to reinforce the message and isn't afraid to repeat the previous piece of information when tying them all together.

I love this guy. Totally unemotional while explaining the absurdity of government. I laugh the whole time, especially because I live in the same city/state as him... "I write a check every 5 years...to these people!"😂

Spent 11 years in the British Civil Service in IT, just felt like banging my head everyday. The sheer reluctance to either modernise or change was just astounding. Ending up joining the Police which was much more results based and if you could do anything to either save money or make something more efficient it was adopted.

This is the best explanation I've ever heard about how government truly works and how it compares to the private sector. Awesome job!

@superchuck3259

5 жыл бұрын

Some large companies have the same issue. They have stiff political structures and resistance to change. Just like a website that directs you to mail things in!

@superchuck3259

5 жыл бұрын

@Liberty AboveAllElse In some cities, there are dudes that do 3 city jobs and make a killing. Insane!

@XlPackratlX

7 ай бұрын

​@superchuck3259 Well no they don't. Everybody who does business with those corporations can walk away. Like Prof. Davies mentioned, corporations don't have the guns; governments do. You literally have no choice! And so the government has no incentive to serve you better than the private sector would.

Great video! "Politics without romance," indeed. Once you think about these things, it's astonishing how often markets are held to a perfect utopian standard where if the first approximation isn't an absolutely perfect market, then government intervention is assumed necessary, without a thought for the first approximation failures of the political market. Prof.Davies does a great job here of clarifying some of the reasons behind political failures. His podcast, "Words and Numbers," is also well worth a listen.

I love this guy. I listen to him three more days, memorize his arguments, file his sources, and I'll never lose another argument again, ever!

@henrythompson7768

2 жыл бұрын

you wanna argue

@Klonering

11 ай бұрын

Did you lose an argument in the last 2 years?

@69ElChistoso

11 ай бұрын

@@Klonering Nope.

I'm a libertarian and I stumbled across this video by accident but oh my God what a gold mine. Everything I've ever tried to explain to friends and family in one great video. This site rocks!!!

"For what each individual wills is obstructed by everyone else, and what emerges is something that no one willed" -Engels

@MrHyde-fu5sr

3 жыл бұрын

I think its ironic how Engels appears to show signs of understanding the need for individualism over collectivity here, yet he later objects to individualism in support of the collective.

@VaShthestampede2

3 жыл бұрын

@@MrHyde-fu5sr They eventually came around understanding the efficacy of markets. Thomas Sowell's "Basic Economics" goes into that a little bit

"A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship." -- Alexander Tytler

@ericbess5917

6 жыл бұрын

As much as I will get yelled at for wanting to silence voters, this is why I think it would be nice (not possible, but nice) if people living primarily on government welfare were not allowed to vote. The founding fathers tried to create a system where the people voting were those who had stake in the outcome. This is the real reason women didn't vote, btw, because men were the primarily land owners and it was assumed that they might consult with their family - one household, one vote. It think it was correct to have women vote once society shifted, but I think it was wrong to lose focus on why women couldn't vote originally when we did so - instead, it should have opened up to recognize women as land owners, but perhaps done in a way to maintain one household, one vote or some such. And it was originally properly owners that could vote. The issue I have is that we currently have a conflict of interest where one side can maintain their governmental seats by redistributing wealth. I think as a whole, Americans are generous people and don't have a problem with a governmental safety net. But unfortunately there is such a conflict of interest right now that the so-called "safety net" that exists creates a disincentive to self-sufficiency. It is very possible that this is intentional to retain voters since once people become self sufficient, they no longer need to make sure their candidate remains in office to keep giving them the free handout. If we didn't have the conflict of interest, perhaps we would instead have a system that helped people out who fall upon hard times, but expected those people to actually make an effort to pull themselves back up when they were in a position to do so.

@BEERNBBQBYLARRY

6 жыл бұрын

Right on!

@jacywilson

6 жыл бұрын

That is misattributed, but a good quote nonetheless.

@ibtgb2

6 жыл бұрын

Good thing we aren't a democracy. True democracy is real evil. The majority can infringe on the minority. We're a constitutional republic.

@kevinyoung947

6 жыл бұрын

Or more likely politicians realize they can sell voters x,y and z and receive more votes

I have to show this to my daughter she just graduated last summer, all they teach was safe space, micro aggression and white Privilege at UC San Diego and we are Asian. She said it was a waste, the only good thing is that she transfer there for two year from Jr college . I think she can learn more in this video than two years at UCSD.

@elzoog

Жыл бұрын

"and we are Asian" You are considered to be "white adjacent" by these people. You are successful as an Asian because of racism (i.e. you adopt "white" values such as showing up on time, and putting in the work).

Moral of the story: "If you aren't cynical, you don't understand."

@danil874

4 жыл бұрын

Don`t see cynicism in this. Personal interests move the people. So what? A lot of people have doing good things for others in their personal interests. Some don`t, and have only personal. That is just how the life works, it is not cynical

@lancewalker6067

3 жыл бұрын

PRAXOLOGY PRAXOLOGY what is the distinction between the cynics of Greece and skeptics?

@smokedbrisket3033

2 жыл бұрын

@@lancewalker6067 greek cynicism concerned itself with morals. skepticism is about how we learn (epistomology).

One of the best lectures I have ever seen. Good job and thank you.

How the government works VS how we think it works. My thought is It doesn't work.

@joecoolioness6399

5 жыл бұрын

And unfortunately I think that is true for all forms. I think what the USA has is the best of all of them, but it still sucks.

@genericusername7959

4 жыл бұрын

@@joecoolioness6399 "Indeed it has been said that democ­ra­cy is the worst form of Gov­ern­ment except for all those oth­er forms that have been tried from time to time.…" - Churchill

"We're going to pass a law that takes $10 from everyone in group A, burn half of it..." Pretty much explained how govt works in half a sentence.

Our American society must continue to champion and promote academia and the professors who proactively go out of there way to inform us of this particular content. It's vital that we remain vigilant in sourcing knowledge that truly benefits a well-rounded understanding like the knowledge imparted by Prof. Antony Davies.

I've been a subscriber for a long time and seen him on this channel before and always enjoyed it, but this one and the previous Inequality Myths video are some of the best content I've ever seen on these topics, not just here, but anywhere. Keep up the excellent work.

@watchdealer11

6 жыл бұрын

Agreed, Antony is a personal hero!

@bdonovable

6 жыл бұрын

New to the channel and "Inequality Myths" and this video are the first I have watched. I completely agree and am trying to figure out who in my friend/family circle will benefit the most from hearing these coherent/concise liberty messages. In the Inequality Myths video, I only wish "equality of outcome" was indicated as being "enforced by the state-owned monopoly on violence/barrel of gun paid for by stolen tax dollars"

@monzer661

5 жыл бұрын

i agree but i was really looking forward for him to give a solution like what he did in the "government debt myths" video and he didn't even though its a great video i would imagine the solution being something like: reviews done by citizens and then analyzed yearly so it will effectively decide the fate of the bureaucrats and weather or not they continue serving in office and giving them an average pay for the first year and a decent raise depending on their reviews and satisfaction rates the raise goes up to a limit so that it serves the citizen but not abuse tax money and then they have to maintain satisfaction to keep serving or else they get canned immediately and in that system it's actually good to have a bad bureaucrat every once and a while because it will reduce tax money needed when he leaves office and will be replaced with a new guy who is very motivated to get great reviews what do you think ?

@MP-db9sw

5 жыл бұрын

The 5 Inequality Myths video was mostly propaganda.

@alexanderschmoldt2982

5 жыл бұрын

well, its the fucked up voting system like eletoral collage, in germany or spain they have a list, so each vote it counted , and the local representatives are calculated against it. so its confused gerrymandering completly in it. which is a ssparate issue of the problem before, and has been solved in many countries. and the first problem he ingores that the society he proposd in situation a wanted aminimum wage law by majority, and than vanished this when presenting b. so i am in 15min. and aready spotted several argumentativ loopholes. which have nothing to do with choice theory. but rather old consitution and electoral system which where never improved over 200 years. cause for example for the presidential election in 1800 with out telefon rarely any telegraph and a huge country, it made total sense to have an electoral collage meet up. but in 2000, with telefegrapht telefon, radio, tv and internet that kind of thing it totally stupid. and outdated. the only thing actually having anything today with choice is the having topay 20 bucks to vote thing. so no its not a a good work.

I love how this started out very academic, and then quickly turned into Falling Down

@johnsphpaulin1162

5 жыл бұрын

Isn't it funny how most of the problems he mentioned either only exist in the US or are greatly reduced outside of the US. It's almost like he didn't take the time to examine how the intricacies of government structure could affect people's incentivises and instead just assumed that if it's a problem in the US it must be a problem systemic to all government structure as a whole.

@onekerri1

5 жыл бұрын

EndorBornV01 - he wasn't speaking of places outside the U.S. You were trying to apply was was said, to a different place other than the U.S., which was why it didn't work for you.

@onekerri1

5 жыл бұрын

plumlogan - you're a big govt person, therefore you're given a pass, as you will never be able to make sense of this.

@plumlogan

5 жыл бұрын

@@onekerri1 lol - huge swing and a miss

@johnsphpaulin1162

5 жыл бұрын

@@onekerri1 If he was only speaking of the US then his conclusion ignores the possibility of reform in favor of pushing a narrative, and idk if that's better or worse.

This is an awesome teacher of real life lessons and very accurate in his take. 1- I’m from the private sector and work for a School System’s Construction department due to physical disabilities for the past 9 years. Previously, I worked in their Building Services Department where no matter what I corrected, I seamed to make someone angry with me, when all I cared about was the Students & Teachers Learning Environment. I have always wondered why no one wants to hear how I succeeded and many times, I get beat up for producing too much, when I’m Handicapped. Fortunately, I was traded, without any raise to the Construction Department because I fit in better with all the other outside hires that worked there. Finally, it took a sitout of 5 weeks to get the promotion I was promised when hired, if I proved that I knew all I had on my Resume. My Job Description was so out dated, my Director agreed that I didn’t have to do anything, No Joke. 2- I live in Maryland which is a constant Blue State and like the example of N.C., Politicians constantly move the lines to make sure the State remains Blue, even though a very large Majority of the State is Conservative Red.

21:48 brilliant explanation of the difference in motivation between the public and private sectors

God, I wish I had taken econ instead of engineering. I took 3 econ classes in my undergrad (2 were electives), and none of the professors come close to Antony.

@danlaub7156

5 жыл бұрын

I teach college economics, and I agree that few professors come anywhere close to what Davies does.

@benjaminnelson5455

5 жыл бұрын

Be glad you didn't, economists have a niche, but it's just a niche. The ones that really understand economics you'll rarely hear from, because they're snapped up by corporations that need their skills. Most of the rest either teach or work for the government, where being wrong doesn't cost them as almost nobody notices, because maximizing their happiness requires remaining employed somewhere. Engineers, on the other hand, everyone needs in some capacity, so even the less skilled ones can find private sector work and improve themselves.

@bbbbrrrzzt5166

5 жыл бұрын

Few economists have a strong enough maths background to understand social choice theory. Check out Amartya Sen's work on the subject, he writes a great chapter in the Handbook. Also, if you're interested in market failures in general, definitely check out Poor Economics. It shines a bright light on the downsides of thinking too systematically or perhaps to Westernly about development economics.

@qstunrr

4 жыл бұрын

William Loudermilk I've been on the search for good mentors. You are an exceptional example of someone I should be talking too. What's the over under I could be of some service to you in exchange for mentorship in any capacity? My stack is computer science, physics, and BME but essentially shadow studying economics and sociology to balance out precisely what you've mentioned.

@JBattler

4 жыл бұрын

@William Loudermilk The engineers share that with economists.

The DMV bit was epic.

@johnagcaoili9389

4 жыл бұрын

Ikr... you can feel years worth of pent-up rage leaking out

Well well. I have been schooled. Brilliant talk. Thank you endearingly for the simplicity of how the government works. I can’t wait to learn more. I shared this with my son this evening. And yes.. PA is utterly for those we elect for the patrons not civilians of Pa. Goodness, your delivery of this message hits home with me, as well it was much needed. Cheers

Thank you for the wonderful presentation. In 33 min, you summed up my research project that was giving me such a hard time explaining. Well done

Have a wonderful weekend... feeding the algorithms

This is absolutely amazing. Thank you so much. I'm finishing a Master's in Foreign Affairs and Diplomacy, and I chose Public Policy and Economics. I am so glad I did. And this well timed and to-the-point seminar makes for a great recap. Also, it's typical of American academia - very clear, and to the point. Minimal jargon too. Fantastic.

They only government education I received in public school was School House Rock I am a bill. You have no idea how grateful I am for this🙏🏿 thank you

Whoa! Am learning economics for free. Thanks Prof Davies

"For the common good." Stop right there. I think we found the problem.

@SovereignStatesman

4 жыл бұрын

No, the problem is that THE PEOPLE DO NOT CONSENT TO THEIR GOVERNMENT.

@gblargg

4 жыл бұрын

The common good is a myth, a tool used by central planners and other tyrants.

@gblargg

3 жыл бұрын

@Fluffybrute Not sure what you mean. I'm an individual. You are an individual. We both have different situations and strategies. In a free market we can voluntarily interact, without coercion. These are concepts that help us understand property and non-aggression, and to be able to easily see the coercion involved with governments everywhere.

I just listened to guy explain government monopoly by venting about infuriating government websites. Pretty good.

@superchuck3259

5 жыл бұрын

Did you try the Affordable Care Act website. Gosh it stunk!

@sarahcollins190

4 жыл бұрын

And is corporate monopoly any better...they just shaft you with a smile so you don't realise you have been shafted. At least with government you actually know it.

@sujimayne

4 жыл бұрын

@@sarahcollins190 Monopolies are created by governments. In a free market a state of monopoly is a temporary and transitional state of the market where competition is not deemed (urgently) necessary by demand, by consumers.

@arai6147

4 жыл бұрын

Man i had the same issues on indian government sites and the bank websites lol horrible template and design, wastes more time than it saves. Also the support is absolutely of no use coz they are as confused as i am

This is an excellent summation of why I am a minarchist (i.e. I want the government to be small, and do only the things I think need to be done by government).

Well that was the most educational rant I have ever watched

@LearnLiberty

3 жыл бұрын

We strive to always educate on our rants

I am old and know most of this information but this man really explains it very well indeed.

@sjwarialaw8155

2 жыл бұрын

exactly my thoughts.

😂😂 I love this guy! This is the second video I’ve seen by him and I love his candor, his simple explanations. I wish you were my college professor. Great content too! I 100% agree!!👏👏👏

second part almost perfectly matches the points ive made 1000+ times.. you need THREE things for quality: incentive(profit motive), competition, and liability (they need to be accountable for harm to you). government services rarely have a tiny bit of any of the three

26:09 ... I don't know what that means ... absolutely perfect delivery, spot on, and priceless

This is amazing information . Well done lecture I’m entertained and learning .. you should be way more popular

Brilliant.

@shawnmathew42

3 жыл бұрын

I liked your video man. They are very good. I watched your video in my 11th grade of high school. I have learned alot from you man. I have showed it to my friends and teacher. I like especially episode 6&7. I have started to buy silver from your website.

My wife once worked for the DMV in PA. What she would tell me goes from astonishing to outright blood boiling angry. For example, PennDOT would snail mail people their license renewal notice, along with a form for having a new photo taken. They sent this out 3 months before the license expired. You could renew the license online and pay the cost there, but had to go to the DMV for the photo. They would put a 10 day limit on the camera form and send it out super early. That way, when the person invariably waited until it was more convenient or closer, they needed a new camera form. Which costs 5 dollars, by the way. There could pinch off another 5 bucks with this trick. Then there was the whole drivers license test. Workers were told to make kids wait for long periods, because they’d get impatient. Added on top was nervousness and anxiety, and a greater chance to fail. They’d have to retest, which meant more fees and such. It’s not even remotely funny how bad service is there. I once had a person at the DMV have earbuds in listening to something while supposedly assisting me. I had to keep repeating myself in a loud as hell voice because he couldn’t be bothered to remove them.

A worthy successor of Milton Friedman, I enjoy watching

Great video. The only mistake he made was referring to politicians as "humans ". Lol

@BeerByTheNumbers

6 жыл бұрын

Clearly they are reptilians! #stuipidconspiracy

@andrewphilos

6 жыл бұрын

Wasn't the whole point of the video that politicians _are_ humans, they're just placed into positions of bad incentives? :P

@PurestPosition

6 жыл бұрын

Run for office and try to get elected. The process doesn't take away your humanity, though you'll likely lose to a sociopath.

@erwinnijs1

6 жыл бұрын

Andrew Weber, If the only problem is that they are placed in a position of bad incentive, you could simply solve it by putting them in a position of good intensive, like panarchy or multi-government, where the voters become customers. It is not the only problem however. Lots of people, not only politicians, have an innate desire for power or in other words, a desire to force their will onto others. If we don't find a solution to this problem, the problem with politicians and governments won't get resolved.

@nsg_kuunda4786

6 жыл бұрын

Early in the video he also says "say I have $10 & burn half" when the slide showed $12.

Can I click thumbs up 4000 more times? This guy is great!

This is a salient, enlightening lecture. Thank you!

Very good introduction, but I think there is much more to be said on the topic. Interesting thing is here in France there is not that much difference between public and private sector in terms of quality of service. In fact, private banks for example offer awful service.

I very rarely comment on videos. But this, and others presented by Antony are very very good. Many thanks for the time invested in making these

Alexa, please file this under, "Things school should have taught me."

Excellently illustrated the behavior of voters , the politicians and the bureaurocrats. This is exactly what happens in real scenario.

What a great presentation on the topic. Amazing what you can learn from people who want to teach.

He does a good job exploring the problems with the government. Now he should do the private sector next! After all, people in the private sector are not motivated by your best interests either. They are motivated by parting as many people from as much money as they can at as little cost to themselves as possible. Sometimes, by happy coincidence, this motivation leads them to provide you with great products and services. In many other cases businesses do whatever they can to fool people into buying cheap garbage so they can make off with your money. In addition, they do all kinds of awful things in the back-end because as long as the present a nice product in the front people will buy it without ever thinking about where it came from. Pollution, exploited workers, unsanitary and unhealthy foods, and defective or unsafe products are the result of this. If a business could establish a monopoly and overcharge for whatever product, or fix prices to their benefit, or heavily restrict the supply of something in order to drive up prices artificially, they absolutely would. The government is actually sometimes the only thing that ensures they continue to compete with one another instead of just merging and cornering the market. Plus, if it benefits them to make something confusing and labyrinthine instead of simple and easy, they will. I notice he mentioned the confusing DMV website, but never talked about dealing with an insurance company when they need to pay out, or reading an end-user agreement, or trying to cancel a subscription to something. Neither the government nor the private sector are free of issues. We should employ each of them in the areas where they are best suited.

@gabrielluzia2745

2 жыл бұрын

If the market was free, having a natural monopoly would be real difficult, most of the monopoly only happen with the help of govt, when they rise the entry barriers for something, they are trying make monopolies with their friends on the private sector. The only one who can maintain or create a bad monopoly is the govt. A natural monopoly isn't always bad, and if became bad, the market correct itself with time

I can’t stress enough how much I love this video.

This is one of the most informative videos on KZread about government. Most governments in the world are inefficient. I've always sought to understand that phenomenon. This is a great start. Next up, what can be done.

@Demopans5990

2 жыл бұрын

Now the big question is, are monopolies and cartels also inefficient?

I listened to this lecture on my way home from work and when I got home I had a renewal notice for my registration in my mail box, LOL.

This made me check my driver license expiration date, it's in 5 months, I'm doomed.

32:28 If only the government would... leave me alone

What an amazing presentation! You are appreciated.

He did a great job of pointing out many issues with governments. The issue now is finding solutions to those that don't lead to even worse outcomes. For example, fixing the issue with government bureaucracy by privatization tends to not work. Since as bad as government bureaucracies are, they tend to be better than privately owned monoplies, which have the same reasons for not caring about providing the best service, but would also have reasons to lower the quality of service even further if it reduces costs (and so increases their personal profits) . EDIT: or just increase cost to consumer without providing anything as they have no competition.

I love this guys videos.

30:20 3 days to get Tide??? But I'm hungry now!

This guy is so spot on. I do volunteer water quality monitoring for the State and their website is so terrible.

One of the underrated lectures on KZread l, better than many MIT OCW videos!! You sir eloquently spoken genius. Please run for government

@YashArya01

Жыл бұрын

The whole point of this video is that him running got Government won't change anything unless the basic attitude of people changes and unless they understand basic economics.

Oh shit, this is an awesome channel, how did I not found it earlier!

This is the kind of video that should be shown in highschool government class.

@SPQR7117

5 жыл бұрын

Sadly, that is _precisely_ why it will not be part of any public high school curriculum...

Absolutely wonderful explanations, thank you Professor Antony!

@LearnLiberty

2 жыл бұрын

Andre, glad you like them!

Well done! An additional minor point. Bureaucracies are driven by self interest. Therefore it is in their best interest to make every function as complex as possible. Proactive intrusion.

This demonstration radically understates the inefficiency and corruption inherent in the political process.

@thetayterminator1436

5 жыл бұрын

I started laughing so hard when he said "and the representatives voting on behalf of the people" that's not how you pronounce Lobbyists!

This is a very good video to bad most people won't take it seriously.

@eingew

5 жыл бұрын

He only counts known problems. He doesn't explain how a solution could work. He kinda implies setting up government as a business would be smart. Which is running in opposition to how laws work and have to work in the first place. You cannot have competition on enforcing property rights, because then you wouldn't have any property rights at all.

This should be a required lecture for every civics class in every US high school.

If you buy a CD from amazon, you can download the album in MP3 format right after you finalize the purchase.

@gabriellucena6583

3 жыл бұрын

@kcotte59 What's even worse? They're not the ones selling it either so they screw up everyone in the area. Then they say stupid things like "buyback" they didn't sell a thing.

THIS IS MAGNIFICENTLY PUT. I can't believe this is only the second video I've seen from this channel the previous one being the one on Inequality. Top Notch stuff. Almost like PragerU but in its own way. Please keep it up.

@douglascain6404

5 жыл бұрын

Just think how much better this video could have been if

@eingew

5 жыл бұрын

I never heard the words "PragerU" and "Top Notch stuff" related. Thank you for that experience.

Big help for my microeconomics class! Thanks!

Excellent thought experiment and exercise. In line with my thoughts and general life approach.

Davies is the best, full stop.

Man if this isn't a speech in favor of term limits I don't know what is. This needs to be shown to every graduating HS senior in the United States, and it needs a comprehension test afterwards. So many kids these days are nothing but low knowledge participation trophy winners.

Im from washington pa. Cool to see a local giving a talk like this.

I am stunned at the clarity and things helpful

Hahaha, i see that EVERYONE gets irritated with the DMV.

@jrstf

5 жыл бұрын

This time around I simply ignored them. Why did the price go up so much in Pennsylvania? I hope my expired card doesn't bite me, I have no intention of renewing.

@arai6147

4 жыл бұрын

kcotte59 lmao

This guy is so clear and articulate, even someone with no prior knowledge on public choice theory could follow along and understand this. Great video!

@douglascain6404

5 жыл бұрын

He is an excellent speaker, no mispronouncing of words, good grammar and coherent complete sentences which makes for a smooth informative delivery.

Good lecture, i totally agree that those are some of the key issues at the core of the problem. But there has to be more to this story. I live in British Columbia Canada, and I was floored watching your experience with your DMV. The experience here couldn't be farther from your description. Although not quite as easy as the app example given (for security reasons you have to renew in person) the process is fast and easy here. First they send e-mail and regular mail. Full instructions are included with the letter and e-mail, but you can find out more on the easy to navigate website. When you go to renew customer parking is in the front by the entrance of either location (staff parking is actually around the back of the building). They see you promptly and efficiently, will take any form of payment you see fit, take your picture on the spot, print you a new temporary licence and your on your way with your new card arriving in one to two weeks. The whole process usually takes less than 15 min. This efficiency isn't just unique to the DMV either. I've been pleasantly surprised time and again by the government services here. Most services can be completed online or by phone, and many actually do have apps. I'm not by any stretch saying it's perfect, but things do seem to be getting better here. Point in case, as if just to illustrate this point as i write this I am recovering from knee surgery to repair a torn meniscus. As you are probably aware the medical system here is government run, yet get this, I only tore the meniscus just under a month ago. The day of I went to the emergency room and was seen right away with no wait, was booked with an ortho surgeon by the next week, had my MRI a week later, and surgery the week after! and the entire process cost me absolutely nothing. No deductible, no user fee, nothing! and they did such a good job i could walk on the leg the same day. I walked in on crutches and walked out without! Again we have our own problems, and this is not everyone's experience, but the point is you don't get experiences like these unless something has to be working. Especially since i can attest that the services are getting better with time. I can't explain why the experience is so different here, but my point is since the electoral systems either side of the border are so similar we obviously have the same problems with the political system. So the fact that things are actually getting better here must imply there is more to this story.

@tacitdionysus3220

5 жыл бұрын

Yeah, I have similar experiences in Australia. Just today I renewed my drivers licence and changed my Working with Children check from 'volunteer only' (free of charge) to 'as an employee or volunteer' (fee paid by my new employer). All done within a few minutes after maybe 5-10 minutes wait, and it was relatively crowded. All done by one person (who could also deal with all sorts of licences, permits and so on if needed), used debit card for all payments, given good explanations of any issues, with language support if needed. Expect the new licence in the mail shortly, but issued with a temporary licence for a month in case of any delays. Working with Children check was on email when I got home. Didn't bother going to the 'give us feedback' terminals on the way out, nothing really to complain about. This is at state level in NSW, but the Feds are about to go to the same 'one stop shop system'. Don't get me wrong, there are still plenty of slack public servants in Oz (gave a serious rocket in person and by mail to Sydney Airport once for an hour's wait and slack advice by people in the Customs hall), but I couldn't help noticing how much worse they were when I was in the USA. I mean they just didn't seem to care at all. Mind you, had a similar experience with private businesses there; if you dressed like you had money they were all over you; if not, you were ignored or snubbed. Somewhere in the Oz psyche there is a greater expectation of service from bureaucrats, and often avenues to complain reasonably effectively if they don't deliver. Meanwhile there is also an equal suspicion of the private sector. Yes, they will usually bend over backwards to get your business, but that can often mean they will also try to screw you for as much as possible. Buying a car is a good example; 'Do you want rustproofing, nitrogen in the tires, endless accessories, yada, yada, yada.' Having said all that, it's a really good video for awareness training, with an animated and interesting presenter.

The most eye opening lecture about politics. Big respect to the creator's and the viewer's

@LearnLiberty

2 жыл бұрын

Glad it was helpful!

Phenomenal lecture. Thank you Professor Davies, keep 'em coming!

While I understand his example and his simulated "information in voting cost", the problem here is that he then goes on to present the rest of the example with the assumption that everyone knows not only about the $20 information cost, but also the potential outcome of the election. Reality is actually worse because people who don't spend the time and effort to find out the specifics aren't going to simply not know what the vote is about - instead they are going to think the vote is about something entirely different based on what they are being told my the people trying to pass the laws. He says the $20 is the "cost of fighting the law", but if that cost involves the ability to find out what is being voted for in the first place, they don't even know that they should want to vote. In short, even people who stand to lose $10 will end up voting for this law because they haven't invested the time and effort to find out that it is actually going to cost them $10 - only that it will "help the poor", for example. The virtue signalling, if you will.

@mortvald

5 жыл бұрын

True but he is simulating a perfect democracy. In reality there is more at stake, geopolitics, culture, history, greed and desire for power. Also the ultimate flaw of people ignorance and/or lack of purpose.

@arnoadam5691

5 жыл бұрын

How to solve this problem: 1) Make voting compulsory or highly incentivized. 2) Media should focus more on providing objective truth and remain impartial. 3) Educate people on the dangers of misinformation. Teach them to always think critically and to look at both sides of every debate.

@lucasl9632

5 жыл бұрын

@@arnoadam5691 1) This would not change the fundamental problem of the oppurtunity cost, paid in time and effort. The incentive has to be crazy high and unless you have a specific plan i sugest backing off from this. 2) They have no real incentive to do so, so why would they? They, like everyone else this whole talk was about, are humans. 3) This has effectively been happening since the dawn of time. It doesnt work. Humans aren't build to be that way and it is almost impossible to create incentives to make the following cost not seem unreasonable: you have to take the time to research the issue and "both" positions on it and then try to figure out who and why to vote for; ALL of that in addition to your normal schedule. You face the cost of: doing this instead of something you actually enjoy or care about. That means voting and researching a potentially completely irrelevant issue has to compete with my favourite series on netflix after a long day at work. Do you see the incentives at play and why it will never ever work while the actors are humans? This small cost to reward example does also not include - chance of winning or if the issue affects me at all.

@arnoadam5691

5 жыл бұрын

@@lucasl9632 1) I'm from a country where voting is required by law. Everyone votes and yeah you lose time doing it but you have no choice :) The cost is a fact of life just like how you have to go renew your ID every so often. This costs way more than voting btw. 2) One could always use fines to punish people who deliberately misguide lots of people. 3) You have very little faith in humanity's ability to improve itself. You don't need to research every little thing, if you just use some common sense that will go a long way. Almost every major issue is relevant to almost everyone: migration, climate... Also most people do not calculate costs and gains of everything they do, they just do whatever they feel like doing.

@stephhhie17

5 жыл бұрын

@@arnoadam5691 Compulsory voting still doesn't solve the issue of voter ignorance, because you still have the same swath of the population who do not know or do not care and as such would not normally go out of their way to vote, and you're putting a gun to their head and making them vote. How do they vote? They'll pick the first ballot option, or the name that sounds vaguely familiar, or vote yes on everything or no on everything or just fill it in at random. Even among people who are generally abreast of political issues isn't going to be aware of every single one. We had local elections recently and there were 6 positions on the ballot. I highly doubt many people, including myself, are well versed in the intricacies of the school board trustee race or any of the other elections with the exception of the mayoral race, and even then, there's probably a relatively small number of people who know it well. As for an impartial media and educating people about misinformation, these are great things to strive for. I see a lot of people pushing back on media misinformation and bias, and that can be a good thing if people are snubbing dishonesty in search of facts, which will hopefully pressure media companies to be more objective as they hemorrhage money and viewers. Unfortunately, humans gonna human, and the desire to seek out the truth is not as universal as we would hope it would be. You see this with some people who label an accurate story as fake news and reject it, only to embrace something that is actually fake instead. Or people who will correctly identify an article as fake or excessively bias when they do not agree with its (misleading) conclusions, but are incapable of conceding the same of a similarly false or bias article when they do agree with its misleading conclusions. There are also people (conspiracy theorists, basically) who can be presented with mountains of evidence as to the veracity or falsity of something, and they will never be pursuaded. So it's not a simple task.

For me, I depend on what the individual had done to be the basis of the outcome. The lecture reinforced my knowledge how will I behave working in a public sector.

Excellent video! Thanks.

U r forgetting that all these private businesses r monopolizing. So, when a sector is monopolized what is the incentive for a company to treat a customer. Hmm. Nothing. That’s happening all over in business. Who will ever save us from the private sector monopolies if we can’t vote on who runs the businesses. At least we can vote for politicians. And companies r only worried about their share holders. Most of us r not shareholders. That’s y in politics we r at least a shareholder. Also “welfare” we give to private companies is way more then whatever we give the poor citizens that actually need the money.

@eduardobranco8349

5 жыл бұрын

What monopolies are you talking about? Google is basically a monopoly on the internet search. Is that bad? They provide amazing service so I don't think it's a bad monopoly. Apple has a huge cut in the smartphone industry, but they're also a great company with great products. They deserve to be a monopoly. Monopoly in itself is not a problem if the monopoly was created because the business is great. Bad monopolies are created when the government creates laws that make it difficult for other companies to compete with established companies. But the government has tons of monopolies for itself. It's a monopoly of laws, force, public transportation, and many others.

very spot on! Thank you

EXCELLENT PRESENTATION. SUPERB!

“If you would like to buy, God knows why, the Best of Bowie...” As a Bowie fan I resent that lol

I think this entire video happened because he was fed up with the PennDOT ahahah

...brilliant!!!... I’m subscribing and following!!

This was a fantastic lecture!!

Excellent lecture! Really puts everything into perspective.