Hello folks, how you doing? Scotty. I do strongly
feel that the free market is something misunderstood,
many people who claim they support the free
market don't really understand the free market
is actually the solution to the problem and
it solves many of the problems that we do
have concerns over. A prime example we can
give from the rise and the support of the
Donald Trump movement, some people were arguing
that in order to keep jobs within the country
and manufacturing etc rather than jobs going
offshore to countries like China etc they
need to set down these protectionist tariffs
and historically the protectionist tariffs
were essentially what caused war and it's
a very dangerous game to play. In my eyes
the United States of America for example would
not require to have trade barriers set in
place in order to protect jobs within the
country or to get manufacturing going again
and it shouldn't have that concern what China
does. If China wishes to harm itself politically
and economically in terms of trade that's
up to themselves, however it really shouldn't
prevent the United States from becoming a
free market and of course having strong trade
relation with other countries across the world.
Now I completely understand why Donald Trump
has become so popular and of course it's all
to do with the immigration crisis and from
recent research I can understand why controlled
immigration from a perspective in relation
to do with private property rights is so important,
I mean you do have to respect private property
rights, you have to respect the fact that
you can't just walk on somebody's private
property and say whatever you like or do whatever
you like, it is their private property. Many
people may disagree with that but at the end
of the day that's part of the reason why I
would say controlled immigration is important.
I don't agree with the views of building walls
etc, I don't think that's the right way around
things, my main issue of course is to do with
trade and I'm a strong supporter of free trade.
So I was recently sent a video by a friend
of Ben Shapiro: "So you mention this Globalism,
Globalisation, Globalists, there's this kind
of word that's being thrown around in this
election, Globalist a lot and is leading Drudge
right now, you know the Trump is beating the
Globalists. I think this is mixing up two
definitions of what Globalism means; there's
the Globalists as in people who want Global
Governance, like the U.N. and the E.U. who
actually probligating regulations on people
they don't govern, I oppose that, right so
I was in favour of Brexit. Then there's Globalism
in terms of free trade, I'm very much in favour
of that because I like cheaper products and
I think if you make a cheaper product and
I make a cheaper product we should be able
to trade with each other and is none of your
damn business to take away my ability to buy
a product or produce a product that is sold
another nation." He spoke about the automation
and how when the machines came about it actually
created more jobs and that is true, that's
perhaps something I will cover in a later
video. "The truth is... I mean is an unpopular
answer but the market takes care of these
people because the reality is that the percentage
of unemployment in 1900 right when people
were wanting making cars, right they were
still doing... what happened to all the horse
and buggy manufacturers all of them ended
up finding other jobs, this is what happens
in a developing economy." One of the biggest
myths is the fact that during the Industrial
Revolution the machines came to existence
and therefore it left many people unemployed,
whilst part of that maybe true it actually
created other jobs in other areas and that's
something we did see. Although I can understand
people's concern today with regards to how
there's this new Industrial Revolution coming
about where it's more of a robotic sort of
Industrial Revolution where robots are starting
to take over and machines are starting to
take people's jobs, and of course there's
concerns and we don't know what the future
is going to hold, I do still believe there's
going to be a role for people, perhaps it
may lead to freer time in other areas but
roles will start move towards more entertainment
or whatever it could be. It will be interesting
to see, I would like to hear your own personal
opinions of the matter, I know some of you
may feel greatly concerned over that issue.
It is also important to say you're never going
to completely get rid of exploitation, corruption,
rich and poor people, these things will always
exist but it's a case of finding the right
system that will limit that as much as possible
and it's through Capitalism that will enable
that and of course many people may argue with
that and of course I try to put across the
argument from a historical point of view to
give people the alternative view to help them
understand why many of these things are myths
of what they believe in and that's the type
of stuff that I do wish to address upon. So
anyway folks if you liked the video be sure
to give it a thumbs up, if you've got any
comments about the automation or that, any
questions you would like to ask or suggestions
feel free to comment in the comments section
below and I'll be sure to get back to you,
so thank you for watching and I shall talk
to you's later, cheers!
