STICK TO BANKS! (And did the National Socialist state raise living standards or benefit the poor?)
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- Äas pĹidĂĄn 29. 08. 2021
- Many think I'm no good at economics or politics, and that I should "stick to tanks" (military history). But now it's gotten to the point where some people are saying I'm no good for military history either! Well thankfully others disagree, so today I'll answer one of Josh Holland's questions relating to whether National Socialism raised living standards (did it benefit the poor)? And whether it boosted productivity?
For the censors: no, I'm NOT a Nazi, or a Fascist, or a Marxist, or any other form of totalitarian or racist etc. This is a history video, and the purpose of history is to learn from the past so that we do not make the same mistakes others have, to avoid the terrible parts of history repeating themselves once more.
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ABOUT TIK đ
History isnât as boring as some people think, and my goal is to get people talking about it. I also want to dispel the myths and distortions that ruin our perception of the past by asking a simple question - âBut is this really the case?â. I have a 2:1 Degree in History and a passion for early 20th Century conflicts (mainly WW2). Iâm therefore approaching this like I would an academic essay. Lots of sources, quotes, references and so on. Only the truth will do.
This video is discussing events or concepts that are academic, educational and historical in nature. This video is for informational purposes and was created so we may better understand the past and learn from the mistakes others have made.
14:30 You are 100% right. Artificially cheap bread, something that was implemented in all communist countries of East Europe led to something (un)expected. People were buying cheap, subsidized bread and - fed their hogs and chickens. This is how cheap bread turn into immensely expensive failure: czcams.com/video/3twUJTWNYuc/video.html
Already seen your video, sir đ I'll pin your comment because your (wife's) channel is highly under-subscribed. I also think this other video of yours is the best you've made so far czcams.com/video/vZKIyJeHlhU/video.html
EDIT: Also, is that your channel or not? I know TruthOverFacts has a book out called "unlearning communism" which is why I assumed it was the same person at first.
EDIT 2: It's his wife's channel, so changed some words above
Oil countries doing the same with super cheap gasoline it seems.
The best part was when the state factories started to cut down the meat in bologna with wood dust and paper scraps. A socialist specialty.
Did the people eat the hogs they fed the bread to?
TIK fails to acknowledge that NS system, although imperfect, was far better than liberal capitalism. It is far better to have coupons for bread, then to allow situation where tiny minority of uber-rich buys all food and then dictates food prices leading to mass starvation. It is also better to take larger part of the corporation profit to subside poor, then to have hunger and possibly rebellion and crime wave.
It's impossible to study a war correctly without including the related economics.
Even Sun Tzu mention this in The Art of War
Economics is at the heart of all war. Just look at the Civil War
'The sinews of war, infinite money ' M T Cicero
economics is what all wars are fought over.
Dear TIK, politics,economics and TANKS are conected. And you are correct. Continue in this path, Sir. Thank you very much for your videos.
Riles, artillery, planes... ...
I agree and it something that needs to be discussed. I have learnt a lot from these videos. Things that I was not made aware of even after studying History and Social Policy.
@@timbushell8640 and the money and resources needed to make all those. Let alone the men to run them.
Too many people seem to think that wars and battles take place in some kind of social and economic vacuum.
Yes, I did misspell a word... but when I spotted it I didn't have time to re-render, so it is what it is
:) It is technically possible to cut/add/insert a part without re-rendering the entire video but the tool (ffmpeg) requires... "technical affinity"
â@@VADemon Maybe... I don't think it's worth it though, it's only a minor mistake. Interestingly, you said the word that's misspelled!
You know your playing with fire here right? Just incase you don't a heads up. Keep it up for aslong as they let you đđ
That it is..
@@TheImperatorKnight itâs sad that you even have to mention it bc your detractors will shamefully point it out.
"Men win battles, economics wins wars"- some economist probably
Amateurs study tactics, Professionals study logistics. They're related enough.
@@Pangora2 Amateurs talk about tactics, but professionals study logistics
They don't even study tactic, they "talk about it" đ
@@Pangora2 is the quote from Eisenhower or Barrow ? Or Patton ? I don't remember
if the economy is good you don't need the war, i think Germany back post WW1 felt 'robbed' which is the feeling they wanted to move away from, maybe 'robbed and stabbed in the back', whatever, war felt better ... for a while
@@MakeAllThingsBeautiful you need the war to achieve hegemony and then maintain it though, and many nations strive for it
Comments: Stick to Tanks
TIK: But tanks need oil, and oil comes from economy and economy comes from politics
@@Edax_Royeaux Mercenaries in a nutshell
Edit: Oh, and militia units as well. (Especially Americans)
@@Edax_Royeaux Absolutely. If they can't afford to but their own bullets, then their services are not in need by the rest of society, and thus, they would be a drain on the rest of society.
@@TheImperatorKnight This is an interesting point, should a war only be conducted if it's profitable for society? It seems as though there's a great many cases where the economic drain is an afterthought in the face of potential oblivion, should a nation that cannot afford to conduct a war to its completion surrender regardless of the terms? I'm curious to hear your response because it seems overly focused on the economics to the point of absurdity. Love your videos and love what you do man, keep on keeping on.
@@Edax_Royeaux I have a feeling the soldiers may want to defend themselves. Certainly the Singapore garrison regretted their surrender
â@@Edax_Royeaux
Conservatively firing weapons is a core skill on the battlefield and has been for centuries, ammo does not appear out of the air and no military force has infinite ammunition stores. Tying it to an individual soldier's wallet might help them take that seriously, though more properly ammo use would be a collective burden shared as a squad or a unit, just as it is now with mercenaries, due to simple constraints on counting and rationing ammo in active wartime scenarios. Soldiers who shoot less may even lose a battle over it, but logistically, they win more wars. In the situation where you have a tremendous amount of ammunition with few men- why would you assume the price is fixed? Clearly, in such a situation, the price of any given case would be incredibly low, and your concern about "incentive" becomes moot.
This is enough to discard your platitudes, since adding a price to the bullet adds a disincentive to wasting ammunition in cases of scarcity, but not in times of surplus- in fact, it would also provide an incentive for soldiers to use the weapons they have the most ammunition for first unless they have a pressing need to do otherwise, which would help further reduce resource wastage in combat.
Secondly, to think anything in your post makes sense, you have to assume that people are gibbering monkeys who will mull over the weight of their wallet while they're being shot at. They aren't, I'm afraid. Trigger finger itches first, and when firing from a safe position, morale issues are always more basic than cognitive ones. Price will not factor in unless soldiers are inadequately paid, which is already a red flag without any ammo cost policy.
Bonus: Any large-scale privatized military force would almost certainly also have a system of incentives for performance, just as the military has medals and awards with cash incentives. If you get a hundred dollars bonus for each confirmed kill, are you going to cry over a dime a case? Perhaps if you are only in the habit of wasting hundreds of shots and hitting none, which is indeed a "market sign" you should redistribute your ass over to the reserves, lol.
Human psychology favors large prizes over small expenses and something like 60% of people are incapable of estimating the total expenditures from a series of small costs, so any "muh human nature" argument actually benefits a shot-per-objective incentive approach. If anything, you would likely see an increased willingness to shoot or take more daring action from soldiers of middling morale, since they can bag a tidy bonus if their commander sees it.
At least judging from your boneheaded comments, if any country bothers to implement common-sense policies in warfare, I have no doubt you'd volunteer to be the first "bonus" while in the process of wasting your entire magazine.
"Amateurs stick to tanks, professionals stick to Banks"
-Adolf Hitler(British Agent and 3rd degree Tibetan Wizard)
Waiting for a HoI4 mod based on this to be honest
Hitlers in Liverpool:
czcams.com/video/nXSW7Mjl1og/video.html
I actually prefer the economics videos now, its much more relatable to current day. I've always looked at history from a more military or political viewpoint rather than analyzing the economics, so its nice to see this perspective.
Feel the same
War is economics by coercion.
@Marcin Berman
Are you living in Poland? Do you have any insight on what us really going on in Belorussia? We see very little about it in the US other than protests.
Honest economics is Christian and all else is dishonest, Satanic rot.
I think I agree @Luger. Except I love his military videos so much!
Came for the tanks, stayed for the banks.
"For the censors: no, I'm NOT a Nazi"
which is EXACTLY what you would say if you were a CLEVER nazi!!
There are no nazis after all,only SOCIALISTS who wear Hugo Boss.
@@Panos-xo9rc SStylissh!
Unless I was doing 4D chess, in which case, it was to fool you into thinking that I was a Nazi, when in reality I am not a Nazi, in order to get you to accuse me of being a Nazi, proving that you're secretly a Nazi, because only a real Nazi would know the tactics of clever Nazis!
@@TheImperatorKnight You nazbols are the absolute best at camouflage and thus the very worst of the socialists
@@TheImperatorKnight We could ask what a clever Communist would say, but those seem to be in short supply in the Current Century. Why else would they parrot everything the Soviets said during the Cold War?
As the old saying goes "Amateurs study tactics, professionals - logistics". Military strategy highly depends on economics and you can't fully understand reasoning behind it without at least taking a look at economic goals, policies, and circumstances of parties involved. So one can never fully STICK TO TANKS (unless cowardly "keeping away from politics"). I personally think that you currently are keeping a near perfect balance between TANKS and BANKS in a channel.
Someoneâs read red storm risingđ
@@tankdriver65861 that book is good ngl
This line from the 1971 film Nicholas and Alexandria
This is a bullet, munitioned in Saint Petersburg. I send it off to war. How does it get there? On a single spur of railroad track four thousand miles long. And in the middle, no track at all. God help us, it spends three days packed on sleds. This works the same way for every pair of boots, first aid kit, or pound of tea we send.
Napoleon
"...And the guy that studies both is called "The winner." Fixed it! :)
I am an economist and in later life, I got a degree in history too. From the very beginning, I understood that economics explains many things in history (not all) but my teachers were not too much in it and did not appreciate my contribution in that regard. I tried to switch over to "History of Economics" but the professor himself called me and told me I would not learn many things in his class and give me the advice, not to show up in his courses. Afterwards, I understand why: the professor of "History of economics" had only basic knowledge of economics himself despite giving a lot of interviews in the mainstream media, which always describe him as an "international authority". Therefore, I appreciate your videos very much.
I wrote an essay about the economy of Justinian being similar to the " toxic inflation" of the James Callaghan government of the late 1960's, and the tutor did not know what the hell I was talking about.
I was a " mature" student and much older than he was and had lived through that period, and all he had was " left wing" litterature to draw upon. I suspect he had no experience of " Robbing Peter to pay Paul", basic economics!
Stick to banks, refute the cranks.
đ
I'll be a lifetime viewer of your economics/ideology videos.
I never realized what a confusing, garbled mess I'd been taught about WW2 until you came along and beat my head in with a thousand sources.
TIK, will you ever consider doing a dedicated "Capitalism Defined" video like you did with Fascism?
I havent watched it yet, but I guess he defines Capitalism in his "Private vs Public" video?
I already have czcams.com/video/ksAqr4lLA_Y/video.html
The Patreon question is very relatable to me, I do enjoy learning stuff about military history to have a good understanding of it but I find it simply fascinating how simple economic knowledge can recontextualize my vision about World War II regimes or even today's governments
Keep making these it's awesome
I'm really excited with your Interwar history project. I'm learning a lot form your interwar economics and politics videos such as MEFO bills video
I agree with the commenters TIK highlighted. These videos are excellent.
It's funny when the people say that the Nacional-Socialism is the child of capitalism, bourgeoisie product, etc.
Which gives me a bigger laugh considering that in Marxist texts they subtly imply that Capitalism leads to Communism, which means Communism is a product of Capitalism.
But hey it's Authoritarian Socialism, the blame is always put on the victim.
National Socialism is actually reaction to Capitalism failing.
@@aleksazunjic9672 or deliberately blamed to cover up failing socialist policy. Just the same bs like boomers who were socialists just after ww2 and those a are now in top positions in big corporate.
@@aleksazunjic9672 see, Socialists blame Capitalism for all their crimes, "we committed genocide, because the capitalists". What's the saying "they who can make you believe absurdities can make you commit atrocities"? And then we see Marxism, National Socialism etc in practice, "We the state have to raid loot and pillage otherwise we can't provide for you. We the state had to murder the farming community over there, destroying their crops ans livestock, and start paving over it with a road no one will use. They proved themselves vile capitalists by saying 'please don't destroy our farm for a state ego project'. See we also had to take your son as soldiers to invade the neighboring country, they had proven themselves evil capitalists by demanding favors or good in exchange for what we wanted. Oh and we also will now be taking your daughters now that your son died because we need cooks and easy women for our leaders to celebrate with now that capitalism has been defeated."
Isnt it funny how the examples used to show the horror of the Feudal Serf system, and the negatives of a monarchy can easily be applied to Socialist states and with real historical examples, but you have to stretch for capitalism
@@codyraugh6599 What is the point of your rant ? To prove that NS was bad ? I suppose we all know that :D But like it or not, their system with food coupons was far better then letting rich hoard food and use it as a weapon.
Really excellent job on this video. Cogent and well-supported throughout. Worth every minute!
Wow thank you! Glad you enjoyed the video!
It is your channel, do what you ever want. You are doing great on all your topics, so please keep up that work.
I appreciate your understanding of the economic aspects of National Socialism and economic systems generally. Otto Strasser provides good insight to the NSDAPâs ideological roots. Central planning never works.
The problem with central planned economies is knowledge. No one knows enough to second guess everyone else.
@@willmickel71, No one is perfect and no politicians should tell us how to live, i.e. mandates are wrong and AH showed the world how horrible his "mandates" were. Someone needs to remind Arnold Schwarzenegger that mandates are wrong just as were Hitler's mandates.
@@willmickel71 Even if someone knew everything would you trust them to manage your life?
@@f__kyoudegenerates I would not. Just because I said itâs a knowledge issue doesnât mean there wouldnât be other issues doing it. You can break the agreements down different ways.
@@WJack97224 Yes. Also it would supper cede all of the available knowledge from everyone in society. Only the knowledge from the planners would be used making society worse off as a result.
I would be interested in an expansion of the knock on effects of a minimum wage that you referred to.
While not a full explanation, this other video does a reasonable job of showing some of the unintended consequences of a minimum wage czcams.com/video/0fsVI3EmUnQ/video.html
@@TheImperatorKnight One thing I think about there. One thing communism, libertarianism and nazism have in common is the zero tolerance for fit for work people living on public expense. In contrast, socialdemocrats, one nation conservatives and some variants of modern liberalism may think that having some fit for work people on welfare or disability may be the best all in all.
Food is subsidized all the time. Itâs why your chicken is super cheap from Tyson but expensive when itâs from homesteaders
That is not actually the case. Just think about what it takes to build a car.
Now imagine what it takes to build a car from scratch in your garage by yourself. It will take quite a while and cost a lot of money doesn't it?
So clearly. Cars are not possible to be built and they will cause a fortune no one but the richest people can buy. Unless.
Unless having dedicated factories, with optimized production lines, with several people working together and through mass production make cars so cheap you by yourself can never compete with them when it comes to price.
No. Your chicken might be subsidized, but it can also be cheap because there are systems created to mass produce chicken meat so it can be sold cheaply. So cheap a simple homesteader can not compete as they do not have the infrastructure or the critical mass to make it cheap.
The world needs people like you, TIK. The myth that the Fascists and Nazis were rightwing is still pervasive and needs to be dispelled at all costs. This distortion has done irreparable damage to our understanding of politics, and you're doing good work in undoing that
I just wish more people would actually listen. Too many people are happy to stick to what FEELS right, rather than what is right. That's our main issue right now.
@@TheImperatorKnight Tell me about it. That's the biggest problem with the dissident-right is they focus on culture and ignore economics to their own detriment. The only prominent one I can think of who doesn't is Academic Agent, but The Distributist still drinks the Nazis were rightwing kool-aid despite all the times I tried to convince him otherwise
What's more baffling is people are so ignorant about economy despite it literally decides everything and major factor behind every important decision.
@@SonofTiamat One reason is because many people have it seared into their brain that anything nationalist is right wing and anything internationalist is left wing. It simply depends what metric a person's LeftRight spectrum is using. TIK tends to put collectivism/state-controlled markets on the left and individualism/free markets on the right
Starting to think liberalism is right wing.
When I was in secondary school, Autarky was taught as a means of creating emotional isolation from the rest of the world, not as an economic strategy.
The economic assumptions behind Autarky and the coercive economy seem to be interpreted as part of propping of building up a militaristic spirit. It takes a lot of effort to articulate that the economic assumptions made the win-lose assumptions behind rapacious conquest plausible and the poor quality of economics education I saw likely perpetuates such thinking.
Where I live (Scotland), there are constant demands by some to introduce 'a minimum living wage for all' and/or 'full employment' and it's incredibly difficult to convince people who support this that such measures would in fact make things worse for the poor than better.
Same. It's next to pointless to try to explain liberal economics to anyone with a sub 100 IQ - too much abstraction
@@juliantheapostate8295 You sound nice.
@@kevfullo Facts supersede emotional opinions.
I really enjoy the wide range of topics that you cover as they really help provide much more context to the military history that you provide as the Marvel Cinematic Universe and Disney plus streaming service tells us "it's all connected."
Many people nowadays don't realize that everything is connected either obviously or not so obviously and that the connections can be discerned with a little research.
Again, thank you for all the topics that you provide information on I really enjoy listening to them and learning the facts presented in them.
You present well written and presented videos that are a treat every time you upload them!
I intensely hated economic history in university. I was all about political history and military history. Economic history, that was the boring stuff. And also way too much Marx as I overheard two professors talking. TIK is the first time I come across economic history that is relatable, understandable, makes sense and explains so much.
Very nice of you to talk about this topic.
Please keep the economics videos. It's great to hear historical economics from something more realistic than boiler plate Keynesian models. Especially, when dealing with 20th century wartime economics. Also, there are too many similarities between the 1920s and the 2020s. Keep up the great work.
I agree, there are definitely similarities with the 1920s and 2020s! I would also say there are similarities with the 1930s and 2020s too
@@TheImperatorKnight Oh boy what a combo, 1920s + 1930s + nukes - competence = the state of the world as we know it.
you are doing an amazing job TIK, you have discovered a gold mine of conversation topics. I think making sense of the financial systems in relation to all contributing pressures and stresses is possibly too much for any 1 man, but your look back at WW2 deserves more credit than all curriculums taught in all schools, colleges and universities, just my opinion. Where you go with this, who knows, you are very good to listen to, and to of revisited so many aspects of Hitlers germany noone ever really bothered to try and understand and usually suited all parties to misrepresent and recycle history in various ways, but you have hit a gold mine here. the main thing is to enjoy what you are doing, that is what comes across most of all.
Thank you TIK for continuing to make your economic and political history content. I for one, I'm extremely grateful that there is a historian actually speaking the truth in great detail, and not skipping over the importance of past economics. In relation to how they helped to shap the politics of the past.
TIK, you often say that data produced by USRR and 3rd Reich is not reliable, because their economies were not free. Doesn't it mean we cannot say anything about any economy, since there is no country that has a completely free market economy? Why do we bother talking about US GDP for instance, when it is on constant doping supplied by Fed?
Yes, economics & history is a great combo. I am also trying to adquire expertise in both subjects.
Thank u tik for Focusing more production into economic videos they are a high demand for it and I am one of them lol. And when I was in school itâs kinda sad that they didnât gave us suggestions to pick economy class. My teenage years I was completely ignorant about economics. And me as a beginner of learning about economics I am slowly believing that learning economics is very important to learn to make better decisions in life, business and electing politicians understand. Austrian economics. Thank you tik for helping me opening my eyes to the real world and helping me chance my dreams in a way
Hi TIK, thank you for your economic series, please keep it going. Not only it is interesting, it is very helpful to all of us and might help us through what's most probably coming.
On your recommendation, I just finished reading The American Great Depression by Rothbard. What an eye opener! Please keep up with the economics related content. Military history and economics go hand in hand with each other.
Donât spend any energy trying to understand or appease your detractors TIK! You do a great job; I learn lots from you. Keep doing whatever you feel led to do; you talk about topics that interest lots of us! Go TIK!!
Sometimes they have a point; refusing to even look at their arguments because they disagree would be a disservice to everybody.
That doesn't mean one needs to continually repeat oneself in public, however, when they continually throw the same, debunked ideas at you.
3R economics were definitely interventionist, but I wouldn't call them actually socialist. Socialist economics use interventionism to support the ideological goals of socialism: the dignity and well-being of the working class. Hitler's economics were strictly war-oriented. The market interventions of the Reich were only a tool to make a massive war waged by Germany after the restrictions imposed by Versaille not only possible but shockingly successful at that. This economic model was in no way able to sustain itself past the end of the 1940s.
We can find military history everywhere on youtube (although not with the narrative quality and rigor of sources you have shown), but the economics related videos and the whole contextualization, you're the first (the only?) one to bring it us, the masses! And we thank you ! Great leader of the socialist people's republic of Tikistan !
Well, yeah! :D Economy is part of war, so is logistics. It's a niche that opens up way wider understanding of conflict and management. Thank you!
People forget the Class biases in 1930s Germany at their peril (why the technocrats hate being reminding of it?).
Came for banks, stayed for tanks... and more banks
Your economic and political videos may be some of the most important work you do and is extremely high quality and should be a gold standard at minimum for high school I will personally use your videos to teach my kids one day
Yesss!!! I can't wait for the video on the interwar years!!! I've always wanted a video like that since it is largely ignored despite it's extreme importance.
This sounds like a temporary/emergency system, something that was implemented as a âto be determinedâ until lebensraum was seized
that is my perception as well. clearly, having the resources of eastern europe at hand would change the whole system. without a shortage of consumer goods and with slave labour available from russia, the system might actually have worked. TIK explains this when he talks about "relocation of wealth". If the people of eastern europe suffered, the germans would have certainly profited. Perhaps TIK can pick this thought up.
@@michaelkovacic2608 agreed. Although it isnât a full analysis of mine
Strikes me if after lebensraum would be achieved no economic change would be automatically be revealed with out an intense over haul and freeing of the market system. That is a change I think the NS's would find for themselves little temptation to change as they would surrender or lose control of all that money and over all economic control. They preferred to squeeze it dry, whittle it to the bone, move on to vampire economics and extend hegemony over neighboring states and rob them to the point of starvation. I've seen no studies of the affected states, made colonies and recognized autaurchies, etc., of such a short time span, so I do not know if there is a clear answer to the question.
@@davidburroughs2244 no the system would remain the same, but there would be plenty of goods for the german people to buy, i think. Basically the state steals it from the east and then rations/sells it to the people, but if enough goods were available, then rationing would be relaxed. Hitler always wanted to be popular among the german people. Just my 2 cents, however ...
TIK I appreciate your long yet juicy history videos. These videos have learnt me more about the complexity of the second world war, the videos on why German logistics were bad which were kind of a shock for me that it wasn't just the common idea that it was the oil and then that was it no more than that. But I want to applaud you for talking about the politics of the two European axis powers, as it never once struck me that the claim that Mussolini and Hitler were socialist actually had a reason behind it and wasn't just Conservatives trying to disassociate with the image of the right being Hitler and Mussolini, and forgot to add, thank you for the economics lessons I have learned more about basic economics from you than from any other teacher in the school!
Most slept on channel, this is a real treat. I wish I had more teachers like you that can spin seemingly mundane subjects into captivating history lessons.
"did the national socialist state rase living conditions?"
*Looks at images of 1945 Germany*
No, no they definitely did not.
Ummm, that is cherry picking your 'facts'. Even Totalitarian leaders have to enhance some follower's lives. Example: Today in N Korea there is a privileged class that live better than they otherwise would. So citing Germany in 1945 is not a good example.
@@TheGunderian You: *oMg dUDe YoUrE ChErRYpIcKiNg!*
Also you: *bUt AcTuAlLy tOdAy iN nORtH kOReA...*
@@TheGunderian I hope you realize that comes off as a joke. It is like asking "Did Japan benefit from Imperialism?" and showing a mushroom cloud.
@@TheGunderian And? Germany had just that... it was called the Nazi party, and all people who had connections to it lived effectively like nobles in the new regime.
@Wulf Their failed economic system forced them to go to war to keep the bubble from bursting.
10:57 Bachelors had taxes imposed on them in communist Romania too in 1966. It was called "the celibacy tax".
I did not know that. Funny how the Communists and Nazis had similar policies
@@TheImperatorKnight Exactly.
@@TheImperatorKnight The funny thing is, even with that tax, you're probably still saving money
National-communist Romania wanted more children, other more standard communist regimes didn't care about the birth rate.
@@gumdeo Yes. Even so, it was a violation of the personal lives of the citizens, it was an abuse.
This is forsure a vote to keep doing the economic videos. I donât have the money to give but I would for sure keep watching if you make more. I learned a lot from your video on Hitler and have had several conversations with people who still think Hitler was a fascist. I even realized after that video how many people donât understand hitlers socialism and how many people are ignorant to the realities of both policies.
Macroeconomics makes no sense if you don't calculate the value of F-16s, and no one will allow you to do that. Seriously. Saddam Hussein's last major decision as head of Iraq was to stop accepting US dollars for oil. Weeks later, it was all shock and awe and shock and awl.
An aside on the topic of minimum wage: It's also mainly a punitive lobbying tool. You mentioned it off-hand, but a lot of people don't realize that, like with any other government intervention, there are effects far and beyond the raw externalities that economists tend to focus on.
Minimum wage was consistently advocated by industry, in particular, from fields of industry with high yield per employee. Contrary to public perception, the largest lobby *for* minimum wage was also "big business." Businesses that hire huge quantities of people (service sector) have marginal profit margins per employee. They make "millions/billions of dollars," but only make $100k-200k per employee - prior to expenses, prior to variation in wages and role within the company, etc, that leaves a very narrow raw profit. Hiking up minimum wage would force a reduction in # of employees (complicated by COVID but happening), radical business model restructuring (already happening), raises in fees and prices (happening), and business collapse (happening in areas with the highest local taxes or most expensive transport networks).
Since 2010, most tech firms can afford to pay every employee 10x-15x the minimum wage and still turn a profit, while retail has a safety margin between 1.0x-1.4x before deficit or price hikes. This is why tech executives and investors accrue so much money, so fast. By crushing down on narrow margin "goods and services" companies, they can poach services that would normally be procured locally. By leveraging unregulated automation (via the internet) they can bypass the regulation of human capital that everyone else on the planet has to deal with, creating an absurd leverage over local business.
Amazon is a major current driver, essentially trying to use minimum wage as a wedge to collapse "big chain" supermarkets by forcing price hikes or into outright closing locations, to drive more market-share to digital shopping. To make things worse, tech's incredibly profit margin per employee also means more money to lobby - Amazon makes only 110bn but spent 10 million on lobbying, Walmart makes 560bn but spent only 6.9 million on lobbying. Both revenue figures are prior to expenses, so it's plain to see that Amazon has much more free money per dollar earned.
Other tech companies are invested for the same, more cynical motivation that industry had, which is simply public opinion manipulation. If they are seen promoting "the public good," that takes the heat off the incredible profits on the backs of ignorant consumers, the willfully overpriced/obscelescing goods, the manipulative marketing tactics, the political meddling, the use of foreign labor often in sweatshop conditions, etc., things that normally rile the public up. By making "minimum wage" the definition of pro-worker government intervention, it serves as a simple red herring to keep their business models safe from meddling, while punishing businesses they directly or indirectly compete with.
Yes! It crushes the small businesses (the 'private' capitalists) and helps the big businesses (the 'public' corporations - the organs of the State). It's a trick.
It also causes mass long-term unemployment, and hurts the young and inexperienced workers, plus any minorities or disadvantaged. And since the private sector is the engine of the economy, this is why I said it hurts the workers and the poor - it lowers productivity and thus hurts everyone.
@@TheImperatorKnight Correct. That's why whenever people complain about "capitalism," they complain about corporatism, aka the blending of "private" corporations and the state, also referred to by the term "fascism." Whoever thinks that modern Western countries such as the US of A are "free, equal, and independent" is a fool. Their tyranny is far more subtle and insidious than that of the more overt methods of National Socialist Germany or the USSR, but it is still tyranny. The only reason why they haven't been overthrown yet is because the average Westerner, even the poor ones, are far too comfortable and lazy. That, and the illusion of voting works.
I don't buy it. It will hurt profit margins of big business directly and in absolute figures they will lose much more. I think it is more of fear that workers will have nothing to lose but their chains that makes big corporations advocate for wage increase. Such a driver was behind many post-war social policies in the West.
Moreover, you will not ever convince me that working people shouldn't afford a roof above a head, food on a table and basic healthcare.
@@totsamiyandrey You've already "bought it," this is simply an unveiling of what has been sold to you.
If you are meaningfully concerned with the US wealth gap, and that's your priority, minimum wage does literally nothing to stop it. "Big corporations" are not universally an advocate for minimum wage increase, though many have capitulated and agreed to stop fighting it due to the massive PR damage from tech/industry propaganda. To protect their businesses, since the rise of minimum wage policy as a hot-button talking point, these corporations are automating, divesting employees, restructuring, raising prices, etc., because they know they can no longer fight it. Walmart in particular abandoned a longstanding opposition to these policies over the rise of minimum wage and is now trying to drop employment per store as fast as it can. "Big corporation" will survive even if they suffer, but everyone else will suffer with them.
The allied corporations ADVOCATING minimum wage hikes - Amazon, Google, Microsoft, Facebook, major finance (including Bank of America & Chase), Comcast, etc. - happen to be the companies who have the largest digital automated presence, the largest revenue per employee, and the most offshore employees not affected by US minimum wage laws. These are the ones I was referring to, to name some names, not companies like Walmart or McDonalds who employ millions of Americans on extremely thin profit margins. It is simply market warfare using the government and you have fallen for it, hook line and sinker. It isn't anything to be ashamed of, many cases of "anti big business" policy that go mainstream are invented by factions within big business to claim more marketshare, or for punitive reasons. It's a difficult thing to disassociate from when "consumer advocates" hawk them.
Minimum wage is also inferior to other policies for establishing "a roof above a head, food on a table and basic healthcare." It would in fact be superior to have the government directly supply those things, or provide benefits to make acquiring those things attainable with minimal personal contribution, so long as minimum wage is abolished, because this would free up high volume/independent employment opportunities. Taxation to support this policy could focus on scraping off cash from the people actually making money through various revenue and asset targets (capital gains, land taxes, etc.) Policies like this are also crushed by *all* big business lobbies, by the way, I wonder why? Perhaps because it would actually affect most of them? Better to stick to wages...
I don't personally support this course of action, but it would serve you better than blindly following "minimum wage is best".
@@Bingo_Bango_ where did I say wealth gap? As far as I'm concerned, billionears are free to hoard as much wealth as possible and f off to Mars, the further the better, as long as living standards for the rest of the people are high or at least wages are livable.
Now to your second point, I really don't care how those standards are achieved, but I'm all for people have at least livable income, especially if they try to earn it for an honest work.
I like your videos, even if I don't agree with everything, it is always good to see other viewpoints and since you always explain your points and state evidence I don't understand people who just hate on you
I understand them: they don't understand me, or the arguments I'm making, because they're ASSUMING things that are not true. I used to do the same when I was a socialist or Keynesian, so I understand why they're doing it, but they need to realize that they've been deceived into believing what they believe. Unfortunately, I haven't figured out a way to get through to them. They'd rather live in their emotional-support bubble than learn and grow.
@@TheImperatorKnight Antony Sutton sir.
@@aquilatempestate9527 I have his books, and I've had them for a while. I'm not convinced.
Now here's the question to you: what would be the counter-argument to Antony Sutton's books/argument? Could you give it? Or have you not asked 'the question' I always encourage you to ask?
@@TheImperatorKnight It's not enough to have them. One must read them too. You've read the academic series that came prior to the Wall Street series? Concerning Soviet technology transfer?
i like the economic sided content as its very unique and there are plenty of historians on youtube, such as Simple History and Military History Visualized, but you still go to a depth that no other creator dares to when discussing historical content, and that makes your other content just as good as the economic content, and i wouldnt miss a video either way
I do enjoy the economic videos, and very much enjoyed the dive into the MEFO bills.
I picked up an advance reading copy of George M. Taber's Chasing Gold in a secondhand bookstore on Cape Cod a few years back, and it's about the Nazi pursuit of gold throughout the continent (and its partial drive of Nazi war aims). Along with the military choices made for their oil thirst, the drive for gold is another area that I think would be worth your time in some future videos. Keep up the good work, TIK.
The communist historians were trying to explain history by economy. But you cant explain something if you mask causes and want result dictated by party orthodoxy. Yes, politic is in the bed with economy, and they share bed with war. We need more videos like this. I believe that we need more videos like this and other That you did can open the eyes of global society.
How about an episode on German sausage production problems - STICK TO FRANKS.
My grandfather who fought in WW2 always said the Nazis were socialists, he also didnât like FDR because of some of his socialist policies. Along with the fact that he was one of the few people who wasnât racist in some way back then, Grandpa was pretty based when it came to economics and politics. Rest in peace grandpa.
Rip to your Grandpa, a fighter against the barbaric socialist madness⌠â¤
Imagine getting a reply after a year. And props to you for replying all the questions.
Thanks for this video. I understand you could not possibly cover everything in half an hour but there is much more to talk about regarding the living standards, price controls etc. For example when prices were not allowed to increase quality instead fell. A coat while in theory no more expensive than before was of much worse quality. If you wanted the same coat in terms of quality then it was several times more expensive than before. We are led to believe that inflation is only an increase of prices. But if prices are kept in check inflation will happen in other ways. Either through lower quality goods, less of a good in a package for the same price as before or shortages. It is almost impossible today for prices the rise for many items. Either through direct control or through the more subtle social control we have. Anyone rising prices of a good that is in short supply is branded a scalper and immoral. It is easier for a business to explain that the current conditions make it impossible to keep stock rather than explaining that it increased the price. It seems at least so far people are more willing to accept shortages than price increase. I've lost count of how many times over the last couple of years I've heard that a store is out of a specific sofa, table, chair, wardrobe etc because of covid. And of course covid is a huge reason for the shortage but the inflation is not helping. So far this hasn't caused massive issues. If they are out of stock of video cards or a specific sofa etc it doesn't impact the standard of living such as food shortages would but it is important to understand that are living standards are affected but from a higher point than any other time in history so it doesn't seem as bad. The savings of people are increasing a lot since again since they haven't been able to buy everything they want so they save the money. It will be interesting to see what happens. I don't predict any catastrophic events like hyperinflation but we'll see. Anyway keep up the great content.
The poor are against a minimum wage - really? Weâve had a minimum wage in the UK for the last 20 years and there is no serious opposition to it now from left or right. All the dire predictions of negative consequences never happened.
I didn't say that the poor are against the minimum wage (many are for it). I said that the poor are HURT by the minimum wage as a result of the unforeseen consequences.
@@TheImperatorKnight Sure, okay, but what are those unforeseen consequences it causes?
@@Zveebo The fact that you have to ask that question says that you haven't done your homework. First, watch this video
czcams.com/video/0fsVI3EmUnQ/video.html
Then I would suggest reading "Economics in One Lesson" by Henry Hazlitt, followed by "Basic Economics" by Thomas Sowell. You can find free audio book versions of their books on CZcams if you don't want to buy physical copies.
@@Zveebo It means the government who are arm in arm with corporations now have a line to set for your value as a worker.
Basically tying you to that line, unless you break beyond that and move into the median wage bracket.
It's also a huge exploit for corporations to import cheap labour from abroad.
That's the dark truth about immigration in this country, any western country really.
We are told its to help people, its merely to keep the dwindling population going up (more workers) and to exploit people more willing to work those jobs around or below minimum wage you or others wouldn't do.
In turn keeping the mininum line there at that low level not just socially now but the legal side too.
@@BroadHobbyProjects That sounds an awful lot like unsupported anti-immigration tin foil hat conspiracy theories.
Corporations have always opposed the minimum wage because it raised pay for most low paid workers and cost them more money.
Hey Tik, "Ring of Steel" is a fantastic book looking at the conditions inside the Central Powers in WW1, looking into many aspects from food, unity, political concerns. Its nowhere near as good as Wages of Destruction was for WW2, but I think WW1 is so under-studied that it becomes a good look.
Many years ago I used to subscribe to the "New Scientist" magazine. In the comment section someone said , "of no use as a dead lightbulb". In the following episode someone else had replied. I've always remembered this because it shows the stupidity of a Communist state.
It goes like this:
1) At your place of work replace a good bulb with a dead one that you purchased at a market. You now have a working bulb for your house.
2) The janitor will replace the dead bulb with a good one.
3) The janitor will then sell the dead bulbs at a market, see step one.
I find it amazing how humans have the ingenuity to defeat the system.
Maybe TIK can create a spreadsheet concerning lightbulb economics :) I'm only joking TIK, your channel is brilliant.
The opinions and analyses in this channel are the best of what I have found on YT. TIK don't listen to the nay-sayers and continue with the good work.
Double plus good on this comment.
Just at the part where you mention you have a video on the interwar period planned, super interested as someone studying Weimar Germany for college. Do you have a rough estimate for when that would come out? Thanks for all your great work
I haven't decided yet, but I may split it into separate videos and make it a series. In that case, the first episode could be out in a couple months
Also, it is about Weimar Germany, so it would be perfect for you
Wonderful, thanks for your reply
Even though I am a tank lover , I would still say " fuck tanks , stick to economics ".
It seems to me that if Germany had not implemented Autarky they would be even more devastated by the lack of material and resources that came as a result of war. That is not to say that Autarky is an efficient economic system, only that it served a purpose. Would love some feedback on this.
Yes !! The interwar period is completly overlook and so important ! When the western nations (mostly France and Britain) were at peace, eastern europe was a complete mess.
The virgin Stick to Tanks vs the Chad Stick to Banks
Greatly looking forward to the video on the interwar years- keep pumping out the economics videos! How people can study economics and ignore history which is a gigantic part of economics (how often have historical events been driven by a countryâs economicsâŚâŚ.?) is beyond me
This is a great video TIK. Also, you really shouldnât take criticisms from ideologically-compromised people as valid. If they want to live in fantasy land, thatâs fine, donât take it personally that communists hate what you say. They hate literally everything everyone says. So long as people are intellectually open and honest with themselves, even if they disagree, they will find your economic/political content edifying. And as a side note, if you ever feel bored and want to do something somewhat different, you could do a video like your Finland Q&A mini-battlestorm on the battle of Warsaw 1920. Iâve found that basically no one knows about it, but it was an incredibly important event in the interwar period. I think I remember seeing a book about it on your shelf and itâd be cool to see the battle visualized in a video format.
Subscribed due to Razorfists recommendation keep up the great work!
Didn't notice that recommendation, when did he do it ?
@@Baamthe25th usually on his livestreams every now and again
Nice, Razorfist is great
I too, enjoy and appreciate your economics video. I like how you show the parallels between the economic monkey business then, and that happening now. Good on ya!
It isnât just âmodernâ economists that have problems. Itâs all economists going back to the first. Itâs also wrong, as one poster thought, that economics is âsimpleâ. Itâs not. Itâs incredibly complex.
One problem is that economics isnât a science in that we can pick simple specific problems out, and do a double blind test to see if the hypothesis is correct or not. Economics is a combination of finances and psychology. And as we know, people are unpredictable, making illogical decisions, and attributing something incorrect, but that makes them happy to believe it.
People arenât against minimum wages because of those inexplicable add on effects. Theyâre against them (that is, these who are earning above the minimum wage) because they see that as closing the gap between their wages, and the lowest wage earners. They also believe it will raise prices for them. There is no proof that thatâs what happens, but people are told thatâs what will happen, generally by businesses and politicians that have a finger in that pie.
The 8 million slave laborers in the Reich had a very large effect on the economy.
Banks are not insolvent today, in general. Like any businesses, there will always be some that are.
The comment you make in your second paragraph reminds me of one Economic Geography class I took years ago. The prof was talking about one of the earliest theories of economics, which was explaining the distribution of crops around urban centres. He then started with his fundamental statements, of which the first was that "people think logically". Some wiseacre in the back of the class piped up, "Well, you can throw that theory out the window.", to which we all laughed. But you are right, economics is a combination of finances and psychology, with other perturbating forces we have no control over tossed in for good measure (weather, rate of replenishment, etc.).
Regarding minimum wage, again you are more or less correct. The issue is the FEAR that raising the workers wages will result in major issues, and ignores the fact that such increases can be spread over the entire suite of products sold. It also ignores the very real benefits of having a healthier, happier, better fed workforce increasing productivity and/or quality of the product. It is also humane. Like many theorists, I think economists forget that their numbers represent real people leading their lives. I also think many liberal or anarcho-capitalists forget that the theory they support or propose will eventually end up leading to the very conditions that created Socialism and Marxism(Communism) in the first place, i.e. the early Industrial Revolution's working conditions, or worse.
@@nicholasconder4703 of course. A few years ago two economists did win the Nobel Prize for (finally!) acknowledging that psychology played a part in economic decisions. I donât know what took so long for something I understood from my first psychology course in 1970. People are emotional decision makers. Every decision we make, no matter how logical we think it is, is based on emotion. I donât mean the sort that has us shaking our fist at something, but rather a neurotic one. We undergo that whenever we have to make a decision, large or small. Thereâs a neurotic tension we have thatâs received when we make a decision. We may not realize it most of the time, only when we have to make a big decision.
Thatâs why economics can never be anything more than a gathering of statistics, and a hindsight analysis. Then, economists try to project that into the future, which never ends well. Carl Marx, for example made some good points about the place of workers and the upper classes, but he was totally wrong about everything else. He thought the revolution would start in Germany, and never thought it would begin in Russia. He never understood that governments would modulate capitalism so that the worst of it would be made illegal. He didnât understand the place of unions, and how they would buffer conflicts, etc.
I also donât completely agree with TIK here. Heâs oversimplifying dramatically.
@@melgross One thing that Marx and Engels never understood was the dark side of humanity. You can almost see them envisioning fluffy pink clouds with flying unicorns after the workers revolution. Which ignores the most basic problem - the people who would drive a violent revolution would not be nice philosophical idealists, but ruthless despots. Years ago there was a real estate commercial that talked about the cream always rising to the top. Well, from what I recall from metallurgy and other chemistry, so does the scum.
The other issue with economics and money is that many individuals forget that the price of a good is set by what people are willing to pay for it. If you cannot get a buyer, it is essentially worthless. Again, there was a program that had Donald Trump talking about the net worth of the US and how there was a lot of leeway because of the net wealth of all the mineral resources and infrastructure. One thing that was quoted was the Hoover (Boulder) Dam. I remember thinking after they said what the dam was worth that "That's only if someone wants to buy it. If you wanted to sell, but could not find a buyer until you dropped the price to $1, then Hoover Dam would be worth $1". This, and the fact that the current value of any currency is based on people's confidence in that currency, are the two dirty secrets of modern economics.
I just want to say I Love your economics and political videos, they show me a side to WW2 I never considered. The economics and politics of the Second World War are an important side to the conflict that many outright ignore, please keep making the videos you want to make be they political, economical or military
As a child I was drawn to the 'pageantry' and technology ( yes, tanks ) of WW2. Growing up led to the realization that the story as a whole was much more complex ( politics, economics, trade, etc. ) and filled in gaps in the narrative that made sense. Many times it fills in gaps you hadn't even realized existed.
That said, keep up the good work. You provide reasoned insights to the whole picture and I love it. Thanks so much for your analysis and example of how history should be presented.
You probably have a lot of Japanese school girls following you. As we learn from Girls und Panzer, those chicks love tanks about as much as they love Cephalopods.
As for me, 2 of my 3 undergrad majors was in Economics and History [focused on military natch] So I'm good. However I am a big fat white guy, about as opposite as you can get from a wee Japanese teenage girl.
Love your videos!
I am a massive fan of military history, and WW2 always fascinated me; however, I could never find an explanation for a simple question... Why? Everything was always summarized as "because Hitler is bad." Your details on the politics and economics of WW2 Germany have answered so many of my questions. Thanks!
I have a request, can you cover the culture/philosophy that influenced people at the time? I've always heard how Nietzsche influenced the National Socialists. However, I see a similar mentality decades before Nietzsche was even popular, so im thinking culture might have a more significant role than we believe.
I just want to know why people found Hitler appealing outside of the economic issues at the time.
My problem with using exclusively Austrian school as the working theory is that itâs adherents tend to blame every problem on state intervention.
Itâs often used less as a tool for learning and more as a religion of privatization.
What I want for TIK to stress is that there has never been a purely private country that was not ruled by feudal warlords or simply chaos.
The state could be as simple as a tribal chieftain, but it has always been present and there are good reasons to have a state.
State action can be justified when there is an unprofitable task to accomplish that provides a sufficient benefit to the society at large.
This religious defense of an ideology is interesting and I still like TIKs content because of the grandeur of his work, however, I mostly stopped watching him.
TIK, dont stick to tanks because your analysis of the pre war and war time economics of the WW2 belligerents explains their actions clearly. Only Lindybeige should stick to tanks!
You somehow manage to be the best and also the most biased historian on CZcams đ¤Ł
Everyone is bias. It's whether what you're bias about being true or not.
@@Alte.Kameraden oh absolutely! TIK is biased, but biased in the sense of omitting niceties/things convenient for his opposition; not falsifying information
@@GopaiCheems I put it this way. There is a reason when you have multiple witnesses they're all interviewed separately. They all could of witnessed the exact same event yet came to completely different conclusions to what they saw. Same goes with evidence. Multiple writers and researchers could use the same evidence yet come to opposite conclusions. Look up Foundation for Economic Education's video on Lord of The Rings is Racist a critique of critics who make that claim. It's a good example why writers and historians can easily be more wrong than right.
Well history is built around debate and if you are to win a debate you must have an opinion and be confident you are right if you are to win, itâs a waste of time being unbiased in a debate if you want to win
I always watch your political/economic videos. The only tank videos that I watch are ones that feature Australians (can you guess where I'm from?). The amount of parallels to the modern day horrifies me. As a 22 year old, It's my generation that is going to suffer the consequences of these fallacious economic policies of the last 80 years. I'm keen for your take on the modern situation since I have absolutely no clue what to do to prepare for the future.
Because of Tik Iâve read Rothbard and mises probably non stop for the last few weeks, and the primer on economics by Hazlitt is brilliant instead of Foucault and all that nonsense that Hazlitt book should be on every political science and social science course from day one, relates directly to those so called sciences as it does to economics. Most common sense thing Iâve read in years. As a direct result of all that Iâve start an executive mba nothing like learning and I love watching these videos because they are directly relatable to other historic events see Rhodes fro instance or Keynes and is also relatable to a post pandemic economic landscape. Thanks tik top stuff mate!
Fantastic! I'm really glad to see you absorbed in the books!! They're truly eye opening, especially for anyone who's not heard of the concepts before (e.g. me when I was a Socialist)
@@TheImperatorKnight Iâve got socialism but mises next on the list. I was brought up a trade unionist socialist my father fought, and I use the word because itâs true, in the miners strike. At the same time my father felt the Marxist doctrine was an old fashioned approach. I have a law degree a masters in human rights and almos an mba. No one mentions Hazlitt mises or Austrian economics. I have brought the subject up with the odd professor and PhD but blank looks tell you every thing you need to know. I graduated my masters this year. Are you aware you are taught class no longer exists in the U.K.? At a Russel group university? Shockers all round my friend thank you for what you do. Common sense!
I'm reading "Economics in One Lesson" now. Fantastic read. It's really good in boiling down the false complexity of bad economic policies into what they really are: making special interests "wealthier" at the expense of everyone else so that everyone at the end is worse off than before.
People who want you to stick to tanks watch your stuff because those ancient battles are their hobby. Understandable and you do them well. I want you to be a good historian. A good scientist and that means also doing the economic stuff. As for the people in denial about the obvious facts you outline.. who cares. They donât subscribe or patronize anyway.
Without economic errors, myths, and wrongheadedness, you are less likely to have warfare to discuss.
Your historical and political commentary from an economics theory standpoint is groundbreaking. Keep it coming!
Lots of errors in this video, a few of which I'll detail. 1.There were numerous consumption taxes on consumer goods in Germany, not just alcohol and beer as stated. Sugar also had an excise tax add to its prices. There was a sales tax, called a turnover tax, which was calculated between the price the store owner paid and sold the item for and added to the price, so the consumer never saw it. 2. Income taxes always exceeded corporate tax. In 1938 Germany collected 5.4B marks in income tax and 2.4B marks in corporate tax. By 1943 revenue from income tax had risen to 13.4B marks, while corporate tax was 6.7B marks. From 1938 to 1943 the ratio of income to corporate tax raised remains at roughly a 2:1 ratio. The percentage amount of income / corporate tax versus total tax falls from 1938 to 1943. In 1938 74% of all tax revenue came from income / corporate tax. By 1943 that number had fallen to 69%. In 1943 the various war contribution taxes were equal to what was raised by corporate tax. 3. Wage and price controls were instituted largely to artificially devalue the cost of armaments. Both Britain and the US would do the same thing. Though in Germany's case it was largely unnecessary as corporations weren't allowed to hold foreign currency and as an example, iron ore imported from Sweden was purchased through the government, and allocated to corporations, who had to sell at a fixed cost. Government controlled unions made sure manpower costs didn't rise. I'd recommend sticking to Stalingrad....
Thank you for your thoughts. But your contribution is not complete. The Third Reich had a wide police mix regarding taxes which changed over time. In the beginning, they focused on creating jobs, later on, war efforts become central. Corporate and private taxes were only a part of the equation.
@@snax_4820 Clearly you can't read as I said I'll detail a few errors - not all of them. What your post does show is a complete lack of understanding of this subject.
@@lotus95t I am honored to talk to a person with so many well-founded arguments.
Tik - you always know when you're over the target when the flak starts!
At the beginning you said that the Nazis weren't taxing the Poor but rather corporations. The problem with this is that corporations aren't real, tangible entities that can actually pay. At the end of the day, every tax on corporations are taxes on people. This is a concept taught in economics as "Tax Incidence". The first choice for people who pay corporate taxes are customers, as companies will simply raise prices or add a fee to cover the cost of the tax on the company. So, if you tax cable companies to use public utilities they simply add a "franchise fee" to your cable bill. If they can't increase prices due to price controls or a highly competitive market then they will try to take it out of workers, be it through lower wages or fewer benefits/promotions/positions. It's very often for wage increases and bonuses to be deferred as a way to make workers pay without physically take money away from workers. Not giving them money they would have otherwise gotten is functionally the same but not as many people get mad. If they can't do that either then it comes down to shareholders. The whole point of putting money into these firms is to get money back out, if a company doesn't give dividends and reports bad numbers then the money that would have gone to shareholders (which nowadays is as much worker's retirement programs as anything else) gets diverted to the government instead.
At the end of the day, they did increase taxes on the poor in an indirect manner, but tried to mask it via price controls.
I posted the "Hitler was a socialist" vid on twitter, as food for thought, and it became a total Twitshow
As well it should.
TIK, your spelling is terrible - Tanks starts with a "T" not a "B".
Sorry, I can'b fix ib because my keyboard is broken. Ib doesn'b leb me bype bhe key bebween 'R' and 'Y'
@@TheImperatorKnight lol
Interventionist economics and autarchy aren't socialism. You can't call yourself an economist if you think this. This hypothesis is quite flawed
Why? I don't know much about Socialism, I really want to know.
Fantastic work as always, Mr. TIK! I too would love more economic/military combo videos, since the two naturally go together!
I love that you used the Mark Twain version of "history repeats itself" quote đ¤ also love your videos I've learned so much from them. You're videos fixed how I look at fascism and how to actually identify it.
Not first!
But hello, person reading this comment! Hope you have a great day!
Henlow
Thank you,
Sir.
@@TruetoCaesar You are welcome, Exar Kun! You are fine Sith Lord
Love your videos TIK, but please stop talking about your critics so often. Just do what you want to do, you donât need to preemptively defend yourself. Us regular viewers enjoy your content and donât need you to justify it. Great video btw
LOVE any topic that pops up on this channel. History is history and TIK can present any of it very well.