Uploaded February 2021 | Updated September 2026, 2 weeks ago
Is the state your enemy? This was the question asked by Second Thought but doesn't understand the government is not the solution to our problems, it is the problem. Second Thought doesn't understand the state, he thinks the role of the state is somehow to provide for people and has a warped view of public ownership. You can hear his contradiction mentioning about theory and practice when it comes to the role of the state, but doesn't bother to think about the difference between theory and practice when it comes to that of public ownership.
In theory, his socialism may be workers ownership or a government serving the people, but in reality, public ownership is nothing other than government ownership and so long as the government is in charge fixing prices faced with the economic calculation problem, you will never have a government that serves you when it takes ownership of such things like healthcare, education among so many other things.
Scandinavian economies have shown this throughout the years how self-serving the governments have been and they certainly are the utopias that Second Thought would like to have you believe. Everything he speaks of, however, is inconsistent and contradictory. In other videos, he explains how capitalism is the cause of all your ills and that we must overthrow the private sector for a better life, but now points to the Scandanavian countries that have strong private sectors.
In his recent video 'Is the State Your Enemy' he mentions big tech, but he doesn't understand the fact that they are not monopolies, that government is the cause of such problems with why the internet is no longer free market and he also fails to comprehend why oil companies would seek government permission for drilling rights. It should not surprise you, however, that with Second Thought being a socialist he peddles the myth of climate change.
You also have to love the chest-beating from socialists who proclaim to be the champions of everything moral and altruism, they like to paint themselves as the higher beings, the intellectuals, that everyone else are to be pitied for simply not understanding their worldview despite them being the opposite of what they think they are.
There is nothing worse than listening to a socialist bleat off about how 'altruistic' they are, oh, they are never selfish, so they say, but are utterly obsessed with constantly banging off about what the _'rich'_ have. Of course, they are so-called 'altruistic' up to a point, but when it comes to their ideology that comes above everything, they turn the cold shoulder when people suffer the direct consequences of their economic illiterate actions. The minimum wage being a prime example causing soaring unemployment. If that's not selfish, I don't know what is.
Second Thought doesn't understand the state will never serve people so long as you depend upon it and it has nothing to do with profits and you wouldn't classify government theft and violence through taxation as profit, as profit implies an exchange in the marketplace, even still, it is impossible to have such dependency upon the state without it becoming self-serving, especially in the face of the economic calculation problem.
The government is NOT the solution to our problems and recorded history proves that evidence, from the rise of monopolies, oligopolies and cartels, to the soaring inflation, price shortage and surplus waste problems among a great many other things. So when asking the question: is the state your enemy? The answer is, yes.
Intro: (0:00)
Far-Right: (0:17)
They Are Private: (1:32)
Oversimplification: (2:37)
Role of Government: (3:58)
State Definitions:(4:26)
Conservative View: (5:11)
They Are the Problem: (5:30)
Theoretical Nonsense: (6:29)
Government in Theory: (8:03)
The 'IDEA': (8:44)
Desires: (9:28)
Theory and Practice: (10:58)
Government Regulation: (11:50)
Politiicans Lies: (12:19)
Concentration: (13:53)
Intentions: (14:18)
Profits: (14:51)
Unintended Consequences: (15:25)
Bribery (15:43)
Climate Nonsense: (17:16)
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Is the state your enemy? This was the question asked by Second Thought but doesn't understand the government is not the solution to our problems, it is the problem. Second Thought doesn't understand the state, he thinks the role of the state is somehow to provide for people and has a warped view of public ownership. You can hear his contradiction mentioning about theory and practice when it comes to the role of the state, but doesn't bother to think about the difference between theory and practice when it comes to that of public ownership.
In theory, his socialism may be workers ownership or a government serving the people, but in reality, public ownership is nothing other than government ownership and so long as the government is in charge fixing prices faced with the economic calculation problem, you will never have a government that serves you when it takes ownership of such things like healthcare, education among so many other things.
Scandinavian economies have shown this throughout the years how self-serving the governments have been and they certainly are the utopias that Second Thought would like to have you believe. Everything he speaks of, however, is inconsistent and contradictory. In other videos, he explains how capitalism is the cause of all your ills and that we must overthrow the private sector for a better life, but now points to the Scandanavian countries that have strong private sectors.
In his recent video 'Is the State Your Enemy' he mentions big tech, but he doesn't understand the fact that they are not monopolies, that government is the cause of such problems with why the internet is no longer free market and he also fails to comprehend why oil companies would seek government permission for drilling rights. It should not surprise you, however, that with Second Thought being a socialist he peddles the myth of climate change.
You also have to love the chest-beating from socialists who proclaim to be the champions of everything moral and altruism, they like to paint themselves as the higher beings, the intellectuals, that everyone else are to be pitied for simply not understanding their worldview despite them being the opposite of what they think they are.
There is nothing worse than listening to a socialist bleat off about how 'altruistic' they are, oh, they are never selfish, so they say, but are utterly obsessed with constantly banging off about what the _'rich'_ have. Of course, they are so-called 'altruistic' up to a point, but when it comes to their ideology that comes above everything, they turn the cold shoulder when people suffer the direct consequences of their economic illiterate actions. The minimum wage being a prime example causing soaring unemployment. If that's not selfish, I don't know what is.
Second Thought doesn't understand the state will never serve people so long as you depend upon it and it has nothing to do with profits and you wouldn't classify government theft and violence through taxation as profit, as profit implies an exchange in the marketplace, even still, it is impossible to have such dependency upon the state without it becoming self-serving, especially in the face of the economic calculation problem.
The government is NOT the solution to our problems and recorded history proves that evidence, from the rise of monopolies, oligopolies and cartels, to the soaring inflation, price shortage and surplus waste problems among a great many other things. So when asking the question: is the state your enemy? The answer is, yes.
Intro: (0:00)
Far-Right: (0:17)
They Are Private: (1:32)
Oversimplification: (2:37)
Role of Government: (3:58)
State Definitions:(4:26)
Conservative View: (5:11)
They Are the Problem: (5:30)
Theoretical Nonsense: (6:29)
Government in Theory: (8:03)
The 'IDEA': (8:44)
Desires: (9:28)
Theory and Practice: (10:58)
Government Regulation: (11:50)
Politiicans Lies: (12:19)
Concentration: (13:53)
Intentions: (14:18)
Profits: (14:51)
Unintended Consequences: (15:25)
Bribery (15:43)
Climate Nonsense: (17:16)
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![Why Subsidies Dont Work: Government Failure in Economics
In this video I explain why subsidies dont work which is a common problem with government failure in economics. Socialists and quasi-socialists alike fail to comprehend capitalism, that it is not a system of guaranteeing business success and more often than not, it is a result of their government intervention through regulation, taxation and subsidies that result in business failure, which leads them to believe that capitalism is somehow failing, therefore, capitalism needs to be bailed out.
This is an erroneous argument as it ignores what capitalism is. Capitalism is not about an over-regulated private sector nor is it relative to government taxation. As history proves and as I explain, the internal improvements [corporate subsidies] were being financed by heavy protectionist tariffs imposed on the market. The evidence stacked against the subsidies illustrates why subsidies dont work.
Throughout the 19th century, whether it was the turnpike industry, steamship industry or even the railroad industry, you would see hundreds of private companies that took on the corporate subsidies by government going under facing bankruptcy. I have noted numerous times about the North Pacific Railroad company and James J. Hill, you can also check out Burt Fulsoms excellent talk on the failure of Edward Collins steamship company and why Cornelius Vanderbilt gave him a showing up here:
https://www.youtube.com/watch?v=RsCptN_F1OA&t=8s
Time and time again, folk, regardless of whether you talk about the lead up to the Sherman Antitrust Act of 1890, the Great Depression of 1929, or even the Banking Crisis of 2008, you will see why subsidies are destructive. It was the fault of the government subsidies that resulted in bad banks getting away with legally protected fraud because the government through subsidies took away the risk of the creditors.
Risk is something important, as are losses which play an important role in the economy as profits do. I have explained in detail for why this is.
You can also check out my explanation on the banking crisis of 2008 for a better understanding on why it happened here:
https://www.youtube.com/watch?v=FCHahZ2e6kU
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https://www.patreon.com/LibertarianViewsScottyM Why Subsidies Dont Work: Government Failure in Economics](https://i.ytimg.com/vi/koDKM9mYlic/mqdefault.jpg)
