50 minutes of Marxist platitudes. (~7:50) He asks why should someone have to buy a cheap watch from the 99 cent store when they could simply get a "peak efficiency watch" (as determined by some bureaucrat). Again, this is like his idea that it's more efficient to grow crops in huge apartment buildings hanging the food upside down because it uses 75% less water. Totally ignored is the cost of the apartment building, the resources involved in building it, and the manpower involved in its construction which could be doing something productive but instead is being squandered by some communist central planner who thinks he knows best. The arrogance of central planning statists astounds me. - Chris, InfoLib
Update: There's also two-bit psychoanalyzing! Yay!
Insightful Comment on The Venus Project's Marxist Redux
posted 01/31/2011, 5:52 PM (Mises Community) [Category: Commentary] "What strikes me about the zeitgeist movement - Frescoism would probably be a better term - is how it's essentially a further development of Marxism, in that it attempts to resolve the flaws that were left in Marxist-Leninist theory. (And maybe contributions by later Marxist thinkers, I'm no expert on Marxism.) Marxism, as it stands today, has certain flaws, which lessen it's appeal. Although the zeitgeist people swear up and down that they aren't Marxists, their theories are all clever rephrasi... (more)
The thing with Fresco and Joseph is they just haven't thought it through, I don't think they really even care to. They have their little utopian marxist paradise held together by marxist platitudes and delving into any sort of specific plans of how such a centrally planned system would be created from scratch is irrelevant, they just think "we have this huge state now, it's just a matter of how we guide it's course to fund the socialist project we want to see created."
All their ideas of creating the "peak efficient" watch or growing food upside down in apartment buildings are so blatantly ridiculous, how do you know what is the "peak efficient" watch for 6 billion individuals to use?
What if I don't want some super watch and I instead want a 99 cent watch which I can replace a hundred times and have it use less resources than your 500$ or whatever "peak efficiency watch"? They haven't thought things through at all. - Chris, InfoLib
Hans Rosling's famous lectures combine enormous quantities of public data with a sport's commentator's style to reveal the story of the world's past, present and future development. Now he explores stats in a way he has never done before - using augmented reality animation. In this spectacular section... (more)
Right in the beginning of Peter's response he says what are the billion starving people to do, well, watch this video and you'll see what brings people out of poverty.
Here's a clue: It's not centrally planned dictatorships. - Chris, InfoLib
This is the perfect video for Zeitgeisters to understand the real origin and purpose of money. See our Intro to Austrian Economics for more!
"Francisco's Money Speech"
posted 01/31/2011, 4:59 PM (Ayn Rand) [Category: Commentary] "So you think that money is the root of all evil?" said Francisco d'Anconia. "Have you ever asked what is the root of money? Money is a tool of exchange, which can't exist unless there are goods produced and men able to produce them. Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers, who claim your product by tears, or of the looters, who take it from you by force. Money is ma... (more)