Refuting the Real Reason the Economy Might Collapse and Wage Stagnation
Robert Reich, being the typical socialist, seems to believe there might be an economic collapse for irrational reasons, namely supposed "wealth inequality." In this video I refute this nonsense with more detail regarding statistics that contradict such an erroneous claim that there has been wage stagnation in the United States. This myth is so pervasive and is something socialists use all the time, yet, no matter how often they are told that it's a myth, they persist on spreading such nonsense, no different to the industrial revolution.
As I've argued before, socialists are not interested in real world solutions to problems, the truth doesn't interest them, which is why they find the truth so offensive and will try and argue against it emotionally at every given turn. This is because their agenda for their religious ideology means more to them than anything. Seeing that the rich have been getting richer and poor have been getting richer, for whatever reason, angers them. You would think for any normal healthy minded person they would think that's a great thing, but for socialists, they find that deeply upsetting.
Robert Reich is just a long list of socialists perpetuating this myth and continues to spout such nonsense on the causal effects of the Great Depression and Banking Crisis of 2008. As I have addressed many times before, his solutions to the problem, were actually the main cause for why the crisis had occurred, which is the very reason why we ended up in this mess to begin with. Marxists and Keynesians alike are obsessed over controlling the economy, which is why in the name of Keynesian pump priming you saw the interests rates being artificially kept low causing the boom and bust cycle.
You can watch my video I explained on the 2008 Financial Crisis here:
• https://www.youtube.com/watch?v=FCHahZ2e6kU
I also covered the Great Depression briefly:
• https://www.youtube.com/watch?v=82dH_7S22Mw
• Inequality Explained: (0:00)
• Wage Stagnation Myth: (1:13)
• Top 1% Myth: (6:12)
• Defining Wealth: (6:24)
• Face of a Cronyist: (7:26)
• Costs of Living: (8:27)
• The Real Debt: (9:20)
• A Reallocation of Spending: (10:00)
• Cause of Booms and Busts: (10:23)
• Government Expenditure: (11:19)
• Erroneous Inequality Claim: (11:50)
• The Great Depression Myth: (12:15)
• 2008 Financial Crisis Myth: (14:04)
• Conclusion: (17:32)
*Follow Me on Social Media:*
• Facebook: https://www.facebook.com/LibertarianViewsScottyM
• Twitter: https://twitter.com/ScottCJMcKelvie
• Parler: https://parler.com/#/user/LibertarianViewsScottyM
• Gab: https://gab.com/LibertarianScot
• Minds: https://www.minds.com/LibertarianScot/
• MeWe: https://mewe.com/i/scottmckelvie
• WordPress Blog: https://libertarianviewswithscottym.wordpress.com/
• LBRY/Odysee: https://odysee.com/@LibertarianViewsScottyM:6
• Rumble: https://rumble.com/c/c-390494
• BitChute: https://www.bitchute.com/channel/egfCIS1DbaBM/
*You can also support me here on Patreon:*
https://www.patreon.com/LibertarianViewsScottyM
-
21:35
Libertarian Scot
1 year agoRefuting Yugopnik: Why Gamers Should NOT Be Against Capitalism
133 -
20:51
TheTapeLibrary
21 hours ago $0.25 earnedTerrifying Truth About Sleep Paralysis Demons | Who is the Old Hag?
5.02K16 -
9:39
JoBlo Originals
15 hours agoJohnny Dangerously: The Best Michael Keaton Movie You Never Saw!
13K31 -
15:52
justintech
16 hours agoThis one issue really bugged me, Until.. - Corsair One i500 (2024) Review
12.5K5 -
1:14:35
Crime Circus
16 hours agoRUDE & CRUDE in Ohio - Shannon's BACK!!! - Vera Jo Reigle - police interrogation
17.4K3 -
12:12
Fascinating Horror
23 hours agoThe Byford Dolphin Accident | Fascinating Horror
18K3 -
5:18
Chrissy Clark
10 hours ago $0.12 earnedBlack Kids In The Bronx Don’t Know What Computers Are?!
10.1K14 -
3:57
Michael Heaver
19 hours agoEU Makes BIZARRE Threat Against UK
15.9K6 -
11:46
RealitySurvival
8 hours agoRussia Issues Dire Warning! Tac Nukes Are On The Table!
14.9K14 -
4:20:36
SNEAKO
6 hours agoSNEAKO X MYRON DESKTOP
89.7K66