Classic Stossel: Regulation Overload with Peter Thiel

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  • Опубликовано: 21 сен 2024
  • Government planners slow innovation with burdensome rules.
    In 1931, workers built the Empire State building in just over a year. Now it takes 13 years to finish the new World Trade Center.
    ----
    Don't miss the weekly video from Stossel TV. Sign up here: johnstossel.ac...
    ----
    Entrepreneur Peter Thiel America is lucky that today’s FDA wasn’t around when the polio vaccine was invented.
    A Stossel Classic from 2016

Комментарии • 1,1 тыс.

  • @uduran9907
    @uduran9907 3 года назад +1197

    Milton Friedman said "If you put the federal government in charge of the Sahara Desert, in 5 years there'd be a shortage of sand."

    • @cquilty673
      @cquilty673 3 года назад +62

      He was right. The government is in charge of unclaimed/undeveloped land. There's no place left you can build in less than 4 years, even if you own the land. We're running out of land. If you've ever had dealings with the Bureau of Land Management (BLM), you know what I mean. I had to deal with a BLM regulator who insisted on a 2 year long environmental impact study (guess who pays) in order to put down a 2' X 2' 4 inch tall concrete pad. Interesting, this pad I wanted to put down was only 8' from a 4' diameter, 3' high concrete anchor for a telecommunications tower. Beyond stupidity!

    • @Reubentheimitator6572
      @Reubentheimitator6572 3 года назад +8

      @@cquilty673 I guess you pay💸, and my parents pay💸 and nearly every taxpay💸er pay💸s for it. I will pay💸 for it in the future.

    • @ivanmihaelmatkovic2464
      @ivanmihaelmatkovic2464 3 года назад +1

      I agree, but he was an idiot whose policies ruined the lives of many.

    • @JohnSmith-eo5sp
      @JohnSmith-eo5sp 3 года назад +2

      That's an old antiSoviet joke

    • @VIKDR1
      @VIKDR1 3 года назад +11

      @@ivanmihaelmatkovic2464 Exactly whose lives were ruined, and exactly how were they ruined?

  • @cquilty673
    @cquilty673 3 года назад +186

    I am reminded of a young woman in Hawaii back in the 70's or 80's. She escaped from an abusive relationship, and started a small service to help other women in the same plight. As soon as she started hiring people to help grow the service, government regulators stepped in and laid out an encyclopedia of regulations she had to comply with in order to run a business with paid employees. She was providing a needed and helpful service far below the cost of professional and government help. The regulators put her out of business. Before she started, she saw government as the potential savior of all. After, she saw government as the soulless over reaching monster it is. Literally, in a space of weeks, she went from a hard core blue dog democrat to a libertarian. Where I live, I need local government permission to paint my house! I used to think it was my property. No more.

    • @samcrabtree1708
      @samcrabtree1708 3 года назад +13

      Government says it is your property, they want it that way. The government would have more problem collecting taxes from you if you didn't own the property. The fact that more people did not own property more than a century ago was the impetus for enacting the income tax.

    • @kingdavidthegreatprick5410
      @kingdavidthegreatprick5410 3 года назад +2

      Domestic abuse is a joke

    • @nutbastard
      @nutbastard 3 года назад +6

      "I used to think it was my property."
      It's just serfdom with extra steps.

    • @MarcDufresneosorusrex
      @MarcDufresneosorusrex 3 года назад +1

      @@samcrabtree1708 how would it be possible to enact a law taking money from individuals if you had nothing to offer in return? I gather that one of my original premises is wrong, which one?

    • @desertodavid
      @desertodavid Год назад

      @@MarcDufresneosorusrex what the hell did you just say? They enact laws all the time that give the people nothing except maybe some assurance of some intangible security.

  • @HateTheIRS
    @HateTheIRS 3 года назад +615

    This is why I don’t like paying taxes. Most people don’t know about stuff like this, and just go with the flow.

    • @clinthulsey1712
      @clinthulsey1712 3 года назад +38

      Most people have never even tried to build anything, after building my house, I loathe most government.

    • @kenjohnson4423
      @kenjohnson4423 3 года назад +8

      Mike, do you mean income taxes? Because wages are not income, except for US citizens, we are all born state citizens and our parents sign us up as US citizens on form SS5 line 5. Look it up. US citizenship is just a contract for social security. Us citizenship isnt citizenship at all, it's just means you signed up as a franchise for benefits. Think FTB California Franchise Tax Board. Americans are not liable for direct taxes or income taxes

    • @bjkarana
      @bjkarana 3 года назад +3

      News flash: _no one_ likes paying taxes.

    • @HateTheIRS
      @HateTheIRS 3 года назад +7

      @@bjkarana some people do like paying taxes. Some people I’ve talked to have said, taxes are a good thing.

    • @HateTheIRS
      @HateTheIRS 3 года назад +26

      @@kenjohnson4423 most taxes including
      Income taxes, and property taxes, and estate taxes, and death taxes, paying taxes on life insurance is a slap in the face.
      I can pay off my house, and even then I still have to pay close to 18,000$ a year in property taxes alone. That’s ridiculous.

  • @aaa7189
    @aaa7189 3 года назад +567

    “The most terrifying words in the English language are: I’m from the government and I’m here to help.” Ronald Reagan

    • @mohannarayan4603
      @mohannarayan4603 3 года назад +5

      Sad but people believe the opposite

    • @aaa7189
      @aaa7189 3 года назад +21

      @@mohannarayan4603 Bethlehem Steel in Buffalo, NY was floundering. A new owner talked to the workers and said if they took a $1 or so pay cut it would help the company get back on its feet and they will eventually get that money back. The union said screw you. So the owner said I am done. Then Bethlehem was over and done. Many people don't realize what they have / had and take it for granted

    • @C_R_O_M________
      @C_R_O_M________ 3 года назад +7

      That was a good one! Unfortunately the same guy said : If it moves, tax it. If it keeps moving, regulate it. And if it stops moving, subsidize it ...

    • @jrhackman7414
      @jrhackman7414 3 года назад +11

      @@C_R_O_M________
      He did in fact say that. But you missed the part that came before it. “ governments view of the economy could be summed up in a few short phrases”

    • @C_R_O_M________
      @C_R_O_M________ 3 года назад +8

      @@jrhackman7414 well, my bad then!

  • @dbudny
    @dbudny 3 года назад +588

    The problem is that rules and regulations are created by non-elected cronies that are part of "agency's".

    • @HadToChangeMyName_YoutubeSucks
      @HadToChangeMyName_YoutubeSucks 3 года назад +26

      Oh I think there are a lot of regulations pushed by elected cronies. Have a look at the latest gun bill.

    • @matthewrix1047
      @matthewrix1047 3 года назад +27

      That is a problem that cannot be solved. For example, I don't know of any politicians that are aerospace engineers but voters have still demanded that airplanes be regulated by the government so what choice does the politician have but to turn to experts in the field and the experts are always the biggest players in that market so they get to set the rules to keep competition out and no one is the wiser.
      However there is no other way for the politician to regulate such industries so the answer in the end is to not have the government regulation and instead rely on private sector regulations from places like insurance companies and investors.

    • @arcguardian
      @arcguardian 3 года назад +2

      @@HadToChangeMyName_RUclipsSucks fact

    • @noskalborg723
      @noskalborg723 3 года назад +2

      @@HadToChangeMyName_RUclipsSucks how do they do it?:
      22 And it came to pass that they did have their signs, yea, their secret signs, and their secret words; and this that they might distinguish a brother who had entered into the covenant, that whatsoever wickedness his brother should do he should not be injured by his brother, nor by those who did belong to his band, who had taken this covenant.
      23 And thus they might murder, and plunder, and steal, and commit whoredoms and all manner of wickedness, contrary to the laws of their country and also the laws of their God.
      24 And whosoever of those who belonged to their band should reveal unto the world of their wickedness and their abominations, should be tried, not according to the laws of their country, but according to the laws of their wickedness, which had been given by Gadianton and Kishkumen.
      -Helaman 6

    • @Welcome2TheUnknown
      @Welcome2TheUnknown 3 года назад +3

      corruption at its finest.

  • @stvargas69
    @stvargas69 3 года назад +148

    Ironic that big tech wants the govt to stay out of their business but they want to be all up in our business

    • @LordsofMedia
      @LordsofMedia 3 года назад +11

      They want to be the government and they already practically are.

    • @gerardomartinez3920
      @gerardomartinez3920 3 года назад +2

      Big tech want to close the doors of opertunity that they use so we can’t compete with them..

    • @alan_clough
      @alan_clough 3 года назад +1

      "rules for thee, not for me"

  • @kvogel9245
    @kvogel9245 3 года назад +483

    Now the woke tech billionaires want to make sure that nobody else can do what they did.

    • @FRN2013
      @FRN2013 3 года назад +39

      Yup. Including PayPal, which is mega-woke. Which is why I use Stripe.

    • @chrisucl
      @chrisucl 3 года назад +4

      @@FRN2013 what's stripe

    • @the2step
      @the2step 3 года назад +26

      Exactly, that's why you see a lot of these uber wealthy democrats. They've already gotten theirs, and their companies are big enough to lobby and get certain tax breaks, but the regulation and high taxes will stifle their competition from growing. The more power government has the more they can use their regulations to determine winners and losers.

    • @lisamoore6804
      @lisamoore6804 3 года назад +2

      Ikr?!

    • @andya2665
      @andya2665 3 года назад +11

      Sick of the left using businesses to manipulate people. Time for the Right to stop using businesses that use "social shaping" tactics.

  • @presidentmerkinmuffley6769
    @presidentmerkinmuffley6769 3 года назад +369

    "I believe there are more instances of the abridgement of freedom of the people by gradual and silent encroachments by those in power than by violent and sudden usurpations." -James Madison

    • @kenjohnson4423
      @kenjohnson4423 3 года назад +1

      @eblman , regulations only apply to persons, not people, we are people, we are not persons, look up any code, they all say persons

    • @kenjohnson4423
      @kenjohnson4423 3 года назад +1

      There are no laws for we the people, show me a law that reads, the people are required, the people shall register, the people .... you won't find any laws

    • @presidentmerkinmuffley6769
      @presidentmerkinmuffley6769 3 года назад +7

      @@kenjohnson4423 "A constitution defines and limits the powers of the government it creates. It therefore follows, as a natural and also a logical result, that the governmental exercise of any power not authorized by the constitution is an assumed power, and therefore illegal." -Thomas Paine

    • @BakersTaste
      @BakersTaste 3 года назад +3

      Wow this is the first time I've ever seen a founding father being quoted on RUclips and it not be spurious. good on you!

    • @Barskor1
      @Barskor1 3 года назад

      @@kenjohnson4423 So what is the legal difference between persons and people?

  • @rothbardfreedom
    @rothbardfreedom 3 года назад +313

    If someone says X is good, but make it mandatory, you can be sure that X is bad.

    • @tacomonkey222
      @tacomonkey222 3 года назад +2

      Antiracism is good it should be enforced

    • @gerardomartinez3920
      @gerardomartinez3920 3 года назад +9

      Yes it’s my body my choice where is that when you need it

    • @saradadhakal4748
      @saradadhakal4748 3 года назад +14

      @@tacomonkey222 Well I think not being racist is good but one should not force it down my throat

    • @andrewfreeman88
      @andrewfreeman88 3 года назад +3

      Vaccines??

    • @rothbardfreedom
      @rothbardfreedom 3 года назад +15

      @@saradadhakal4748 "Antiracism" is usually political activism in racial matters. It's not about being racist or not, it's about power.

  • @Ntmoffi
    @Ntmoffi 3 года назад +42

    Everything the government touches it f*cks up.

  • @noone4479
    @noone4479 3 года назад +76

    When the state is most corrupt, then laws are most multiplied. - Tacitus

    • @bobbyadkins6983
      @bobbyadkins6983 3 года назад +6

      Explains why America has more laws than we can count!

    • @smokedbrisket3033
      @smokedbrisket3033 3 года назад

      Also translated as "The more corrupt the state, the more numerous the laws."

  • @Max-nt5zs
    @Max-nt5zs 3 года назад +214

    I like how they showed the Facebook thing when they talked about lack of regulation the first time, but now Facebook is trying to get regulation to destroy competition. 😝

    • @TheFoolintherainn
      @TheFoolintherainn 3 года назад +12

      Jeff Bezos is behind the $15 minimum wage push - he came off as the "hero" putting all his Amazon employees at $15 minimum wage.
      But he's put FAR more money into lobbying to force his competitors to pay the same wage, which they can't afford.
      Isn't that clever?
      It's socialism just like Canada - legally, you can fill out an application to bring a handgun into canada, they have a form and you pay a fee - you mail it in.. and you never hear back!
      But Canada can claim that they allow handguns to cross their borders.. although they don't.

    • @scrapcash2421
      @scrapcash2421 3 года назад +1

      @@TheFoolintherainn Canada is not Socialist. Never has been. Stop saying things that are not true. Stick to the true facts that you have about bringing guns in. That part is true.

    • @meekmeads
      @meekmeads 3 года назад +8

      @@scrapcash2421 Trudeau being PM
      and Mainland Chinese gobbling up Canadian properties like fried rice.
      SURE

    • @facelesstrader1351
      @facelesstrader1351 3 года назад +5

      @@scrapcash2421 you are a socialist. You just refuse to see it.

    • @whatevergoesforme5129
      @whatevergoesforme5129 3 года назад

      I learned that DARPA actually invested in many big tech companies through venture capital.

  • @123Goldhunter11
    @123Goldhunter11 3 года назад +134

    It's like music. When it gets too complicated and glittery - the next generation takes it back to the garage.

    • @sunnywaffles
      @sunnywaffles 3 года назад +1

      Thats very true

    • @3PercentNeanderhal
      @3PercentNeanderhal 3 года назад +3

      Except this time it's likely to end up in the scrap yard

    • @mobiditch6848
      @mobiditch6848 3 года назад

      @@3PercentNeanderhal you’ve just predicted the next wave. A formula for success would then be to simulate the “fad” then sell it to the record companies securing for yourself a plush executive position as the genius of “junk yard bands”.

    • @3PercentNeanderhal
      @3PercentNeanderhal 3 года назад

      @@mobiditch6848 its not a prediction its omniscience

    • @hondo3004
      @hondo3004 3 года назад

      Good call. Warrant gave us Nirvana and Pearl Jam. Thanks Warrant!

  • @kenm.7651
    @kenm.7651 3 года назад +90

    Politicians just want to see if they can get a ‘cut’ of any future profits.

    • @dizimz
      @dizimz 3 года назад +8

      “Whats in it for ME”
      -everyone in washington

  • @dont4143
    @dont4143 3 года назад +20

    This why lobbyists should be "regulated" out of existence.

    • @Barskor1
      @Barskor1 3 года назад +2

      That would be like drug dealers/politicians saying they will no longer sell drugs/power of the office.

    • @volition51
      @volition51 3 года назад +1

      Or just get rid of the regulations.

  • @sebastiantrias1529
    @sebastiantrias1529 3 года назад +44

    You should bring back Peter Thiel he’s making big moves now.

  • @DenTheGodKing
    @DenTheGodKing 3 года назад +29

    I’m drifting further and further libright everyday. Keep up the good fight John!

  • @bincho9144
    @bincho9144 3 года назад +116

    interesting bit about the vaccines since regulations were ignored a bit for the new vaccines for covid. interesting to see how it has aged.

    • @Je3perscre3pers
      @Je3perscre3pers 3 года назад +6

      yeah i wish people would pay more attention to that important 30 seconds. Its very important to todays current events

    • @damianpos8832
      @damianpos8832 3 года назад +9

      Thats great.. Now lets force everybody to take it, by making basic living criminal activity.... Awesome garanteed profit.. Thats how capitalism is done

    • @gjk1504
      @gjk1504 3 года назад +42

      @@damianpos8832 I would say a good part of that would be how socialism works.

    • @jacobawojtowicz
      @jacobawojtowicz 3 года назад +25

      @@damianpos8832 since when does capitalism involve force? You're thinking of government.

    • @emperorantarctica6210
      @emperorantarctica6210 3 года назад +15

      @@damianpos8832 How is that related to capitalism?

  • @ernestbywater411
    @ernestbywater411 3 года назад +11

    You forgot to mention the single biggest political roadblock to innovation: Politicians paid by the lobby groups that MAY lose money should a new invention get through and approved.

  • @ACreeber
    @ACreeber 3 года назад +9

    Stossel has taught me more than any school teacher ever did ♥️

  • @Kalaninumberone
    @Kalaninumberone 3 года назад +18

    Political CEO’s support the very people that create the regulatory hell they have to deal with.

  • @exucaviera9084
    @exucaviera9084 3 года назад +2

    USA: watch us regulate the sh*t out of everything.
    Canada: hold my beer.

  • @mbradley274
    @mbradley274 3 года назад +21

    ...and yet I've seen hundreds of code violations that got by building inspectors without being mentioned while the biggest complaint among construction workers is that "I don't get paid if I do it right. I only get paid if I do it now."

    • @matthewrix1047
      @matthewrix1047 3 года назад

      So if building inspectors don't work why have them?

    • @mbradley274
      @mbradley274 3 года назад +1

      @@matthewrix1047 Some building inspectors do work, but definitely not all of them. Also, some construction companies are not above cutting costs by any means necessary.

    • @johnree6106
      @johnree6106 3 года назад +1

      The funny thing is that it only works if all regulations agencies agree. I seen where building code at a restaurant says kitchen doors have to open one way, but the health inspector says it has to swing the other way so you are in violation Ethier way and the government gets its money 🤣

    • @hbarudi
      @hbarudi 3 года назад

      5th reply: Just like in China and other places, soon all our buildings will be frail and break easily, they even put 30 year expiration dates on buildings...

  • @stevenyoutsey8989
    @stevenyoutsey8989 3 года назад +1

    You just have to find your happiness, I love STOSSEL to no end but all of his videos can get me down. Remember life is worth living and fighting for

  • @SenorAhole
    @SenorAhole 3 года назад +5

    I've been working in construction for 12yrs on billion-dollar-projects. Don't rush, seen too many accidents.

    • @LordsofMedia
      @LordsofMedia 3 года назад +1

      Yeah, the examples complaining about safety regulations really aren't good examples of over-regulation.

    • @nerdy1701
      @nerdy1701 3 года назад +1

      Right! And with the train thing the reason we have those regulations that europe does not is because are tracks are not maintained to the same standard (Due to wide open country) and they are built differently.

  • @nathanielbrown2187
    @nathanielbrown2187 3 года назад +2

    John Stossel for president 🙌

  • @nicfeller
    @nicfeller 3 года назад +11

    Thiel and Stossel ❤️❤️❤️

    • @kingofthorns203
      @kingofthorns203 3 года назад

      Seriously, two of my favorite people on the planet.

  • @Zeakthecat
    @Zeakthecat 3 года назад +1

    this is why there needs to be a clause in the constitution requiring the government to compete with both the private sector and the other countries of the world, instead of actually regulating them.

  • @hk3967
    @hk3967 3 года назад +13

    This is why we need a small government. Private companies just run things better!

    • @michal.abramowicz
      @michal.abramowicz 3 года назад +1

      But tech companies can now rule you. Cancel on fakebook, twatter, youtube and others. Just imagine that you cant pay because you wrote somethin somewhere.
      But in overall, goverment companies sucks. And same way big private companies sucks as well...

    • @arkai4087
      @arkai4087 3 года назад

      Alright let facebook, google and tinder run the country. See how that goes.

    • @markyuto6820
      @markyuto6820 3 года назад

      @@michal.abramowicz That's when Teddy Roosevelt comes in. 😈

    • @markyuto6820
      @markyuto6820 3 года назад

      @@michal.abramowicz So everything sucks? Humans sucks? The earth sucks? You don't see anything "positive" at all? 🤡

  • @uberlin1577
    @uberlin1577 3 года назад +1

    @Stossel: one of the BEST videos I've seen on your channel! Very satisfying blend of detailed research, satire, and flawless editing

  • @groove9tube
    @groove9tube 3 года назад +6

    In my town the state DOT has been working on a 5-mile bypass for 25 years.

  • @lazerusmfh
    @lazerusmfh 3 года назад +1

    As a child, we did Cub Scout olympics with over 100 scouts. I remember being so nervous and sad at the awards ceremony after they announced third and then second place. I was sure I didn’t place. Turns out I won first place. It was a great feeling of accomplishment. I couldn’t imagine getting a trophy for something I didn’t legitimately earn. Kids are much more mature in certain ways than we think. I praise my son when he does something really good, but I am not afraid to teach him that failure is okay. It’s quitting altogether that’s the problem.

  • @rainphantom
    @rainphantom 3 года назад +41

    Oh my god, this government involvement is insane

    • @Barskor1
      @Barskor1 3 года назад +6

      Power is addictive like heroin.

    • @ficsitinc.pioneer8695
      @ficsitinc.pioneer8695 3 года назад +1

      Considering 60 people died building the world trade center, yeah, I'd assume they're involved.

    • @Barskor1
      @Barskor1 3 года назад +3

      @@ficsitinc.pioneer8695 Dangerous freedom or peaceful slavery pick one because you can't have both.

    • @ficsitinc.pioneer8695
      @ficsitinc.pioneer8695 3 года назад

      @@Barskor1 How is government regulation slavery? This is what kills me, every one of you libertarians think it's Overregulation when the government puts a stop to maximizing profit because it's dangerous. Thousands, upon thousands died in the 1800's working in factories/cotton mills, that's what a truly libertarian society looks like, where the government doesn't stop companies from committing immoral actions for larger profit margins.

    • @Barskor1
      @Barskor1 3 года назад +4

      @@ficsitinc.pioneer8695 We used to have this thing called Common Law in the Western world where if I worked for you and if I was injured or killed on the job because of shoddy and dangerous equipment etcetera I or my family could make the business owner pay restitution the government got rid of that and then this BS we have now replaced it all you did was shift power and profits to the government.
      What actually stops companies from committing those atrocities is having many more businesses so that the workers can choose to go where they are paid more and have a safer work environment but the high cost of regulatory compliance and licencing prevents that leaving us with the Oligopoy we have now of government cronies.

  • @melaniedawn4256
    @melaniedawn4256 3 года назад +2

    Please read the hundreds of books and papers on vaccines. Polio didn't arbitrarily paralyze anyone. It was gut damage from DDT allowing naturally occurring polio viruses in the soil (which still exist today) to enter the central nervous system. Salk was unable to reproduce paralysis with polio until he started injecting the particles in the nervous systems of monkeys. He was clued into this requirement because a high rate of paralysis occurred after tonsillectomies. So much more to the story, too. Please read some of the books.

  • @ouss
    @ouss 3 года назад +21

    Peter Thiel is the only thing good about Silicon Valley

    • @Stretch501st
      @Stretch501st 3 года назад +2

      There are a lot of good things about Silicon Valley, and up until recently, one of the reasons it prospered because it was a new industry and technological Renaissance, not bogged down by Washington.
      Yes, most of the parts and components are made in foreign countries like Japan and China, but it does employ hundreds of thousand of American’s in design and management of the products and businesses with high paying, good benefit jobs.

  • @jblo6822
    @jblo6822 3 года назад +5

    It is astounding that people vote for more big government. We are no longer a free country.

    • @Barskor1
      @Barskor1 3 года назад

      “When plunder becomes a way of life for a group of men in a society, over the course of time they create for themselves a legal system that authorizes it and a moral code that glorifies it.”
      ― Frédéric Bastiat

    • @mirzaahmed6589
      @mirzaahmed6589 3 года назад

      People are scared into voting for more government.

    • @Barskor1
      @Barskor1 3 года назад

      @@mirzaahmed6589 “...only those who have the will and the power to shoot down their fellow men, are the real rulers in this, as in all other (so-called) civilized countries; for by no others will civilized men be robbed, or enslaved.”
      ― Lysander Spooner, No Treason: The Constitution of No Authority

    • @markyuto6820
      @markyuto6820 3 года назад

      They're IDIOTS. And ignorant.

  • @johns7734
    @johns7734 3 года назад +22

    This is why the most feared words heard in any business office are, "I'm from the government. I'm here to help."

  • @OGWanderingNomad
    @OGWanderingNomad 3 года назад +2

    Oh boy, i sure do love us common folk being over regulated, over taxed yet under represented! Let's vote for more of it!!

  • @nonterrestriaI
    @nonterrestriaI 3 года назад +8

    That's the reason small businesses fail or just don't even try to start.
    *Too much regulation.*

  • @LanceThompsonKssooner
    @LanceThompsonKssooner 3 года назад +2

    Big corporations love the regulations. That means YOU cannot compete. REGULATORY CAPTURE!

  • @bluegriffen88
    @bluegriffen88 3 года назад +4

    I'm constantly saying this the answer to every single question in life is less government. My wife "Hey where do you want to go to lunch today?" I say "less government" she says "that sounds great".

  • @friguyzero
    @friguyzero 3 года назад +6

    The video feels like it just cuts off at the end.

  • @caster863
    @caster863 3 года назад +5

    John I love your videos. I sometimes even watch them as entertainment.

    • @kingofthorns203
      @kingofthorns203 3 года назад +3

      I binge them over wine all the time :)

  • @Swenthorian
    @Swenthorian 3 года назад +4

    Something you missed, though, Stossel: Some of these tech companies were allowed to get so big, that they could make the government do their bidding. Now tech is starting to turn into what the rest of the economy is: a bureaucratic oligopoly.

  • @M0rshu64
    @M0rshu64 3 года назад +5

    While some regulation is necessary, the amount of red tape we currently have is absolutely ridiculous.

  • @KPC-123
    @KPC-123 3 года назад +2

    Damn John, what about workers dying during construction?
    The Empire State building took 15 months, but at a cost of 5 lives.
    The Twin Towers took 11 years total but only (.60) workers died.......
    ummm..no wait...got the decimal in the wrong.....no 60 workers died...
    okay then...ummm... ok John, you got a good point!!

  • @AntisocialRedNeckNerd
    @AntisocialRedNeckNerd 3 года назад +15

    This only makes it more amazing how operation warp speed was successful in less than a year.

    • @djm5687
      @djm5687 3 года назад +4

      It was a success, but Trump still got voted out.

    • @AntisocialRedNeckNerd
      @AntisocialRedNeckNerd 3 года назад +5

      @@djm5687 Mainstream news media lies are in large part the reason. That is why I like Stossel. He is not afraid to question the narrative.

    • @patricknewlun7928
      @patricknewlun7928 3 года назад +4

      We don't yet know if operation warp speed was a success. It will be a few years before we know whether or not the vaccines actually work and what the side effects are.

    • @Stretch501st
      @Stretch501st 3 года назад +2

      It was so fast, not because of politicians, but because of decades of research and testing in vaccine production methods and technology.
      Yes, lots of government grants used over years, but for most part it was private industry and private universities by itself.

    • @LucidDreamer54321
      @LucidDreamer54321 3 года назад +1

      But that was done for political reasons. You can't escape politics. Everything is politics.

  • @desertodavid
    @desertodavid Год назад

    3:45 when I first got married my wife referred to their little public swimming pool in Watervliet New York as "The Polio pit". 😆

  • @paulfaber6227
    @paulfaber6227 3 года назад +6

    When the State is corrupt the laws become most multiplied said Tacitus over 2000 years ago.

  • @anthonyraineri5190
    @anthonyraineri5190 3 года назад +1

    I am from the Government we are here to help ~~ Ronald Regan

  • @clankster0000
    @clankster0000 3 года назад +3

    People in government making these rules usually have no business experience at all and that's the problem.

  • @bruces12
    @bruces12 3 года назад

    I'm with the government, and I'm here to help!

  • @rondunlop985
    @rondunlop985 3 года назад +7

    "I'm from the government and I'm here to help."
    We all know what this quote and the joke of it implies. Sad part is the stups think instead of stopping any of the dumb crap they want to double down. Self interest almost dictates that govt employees vote for more government. I'd submit that anyone else advocating for more govt after all the recently compiled evidence is just duped.

  • @saperek7975
    @saperek7975 3 года назад +1

    Well the empire state building construction had 5 worker deaths, and world trade center had 60. If the regulations can drop this number down, I'm all for it, and I'm a conservative.

  • @ADAMREES-GRITGYM
    @ADAMREES-GRITGYM 3 года назад +6

    Phenomenal video John!! Thank you

  • @heywoodjablome2018
    @heywoodjablome2018 3 года назад +1

    You forgot to add how many people died building skyscrapers in the 1930s compared to now.

  • @Cleron_O_Andarilho
    @Cleron_O_Andarilho 3 года назад +9

    Here in my country its impossible to inovate, people and government try to focus on state onwed comapny, that in the end its just wasting money giving bilions to employes who do nothing.

    • @Cleron_O_Andarilho
      @Cleron_O_Andarilho 3 года назад

      @@massimilianoferrari7860 I am from South America, all here is like that, i cant say the country in the comments

    • @Cleron_O_Andarilho
      @Cleron_O_Andarilho 3 года назад +2

      @@massimilianoferrari7860 Yeah i heard of it, but in my case its high regulation and culture, starting a business or being a entrepeneur here is basically like saying the "n word" in USA. Most people study to work for the government where you earn 3x the private sector, have tenure and no accountability. Also, 70% of the fields are controlled by state owned companys with this type of employe.

    • @mirzaahmed6589
      @mirzaahmed6589 3 года назад

      @@massimilianoferrari7860 Argentina does have a large population of Italian descent.

    • @lucasfreitas4803
      @lucasfreitas4803 3 года назад

      @@Cleron_O_Andarilho and the education system never teaches you how to start a business or how to invest, they just say study this try to pass this and work for the goverment or starve on a minimum wage. no wonder the economy is going into shit

    • @Cleron_O_Andarilho
      @Cleron_O_Andarilho 3 года назад +1

      @@lucasfreitas4803 Thats is true, education here is to raise followers not leaders.

  • @justdriftingthroughlife9378
    @justdriftingthroughlife9378 3 года назад +2

    And it was the government's job to ensure monopolies wouldn't form to stifle competition, yet, the government has failed at that task too.
    Government isn't the cure to solving problems. It only creates new ones.

  • @maxtanner6229
    @maxtanner6229 3 года назад +5

    Well, enough mad moms complained and we started the chant "one death is too many" so we kind of asked for this.

    • @LordsofMedia
      @LordsofMedia 3 года назад +4

      Never listen to women.

    • @adamludwick9931
      @adamludwick9931 3 года назад

      I don’t know...Nancy Pelosi is on to something when she argues that we should have all male voting.

  • @kingofthorns203
    @kingofthorns203 3 года назад

    Peter Thiel is changing the world. It would be an honor to work for him one day.

  • @fixedG
    @fixedG 3 года назад +4

    I'm terrified of Thiel's Palantir Technologies and its potential to empower a police state.

  • @obozomustgo5449
    @obozomustgo5449 3 года назад +1

    I am forever amazed at the people who, despite all the evidence in front of their faces, place their trust and faith in failed bureaucrats and lying politicians to organize their lives and activities. It's simply astounding!

  • @timfenton7469
    @timfenton7469 3 года назад +4

    Job security for federal bureaucracies.

  • @robertortiz-wilson1588
    @robertortiz-wilson1588 3 года назад

    More people need to understand this. I know I did. Thank you!

  • @bobjohn2000
    @bobjohn2000 3 года назад +5

    This aged well. If trump hadn't gotten rid of the red tape for the covid vaccine, the approval time would likely be multiple years.

  • @jamiesmith4293
    @jamiesmith4293 3 года назад +2

    If you think it's bad now, wait until you have to worry about your ESG score too.

  • @theknifeman7097
    @theknifeman7097 3 года назад +3

    Glad there is still at least 1 journalist left.

  • @wg8304
    @wg8304 3 года назад

    I need more Peter thiel

  • @azmike3572
    @azmike3572 3 года назад +6

    I remember a quote from one of my college political science class books--"Those who have political power do not like to give it up easily". And so it also applies to government regulators.

  • @redram5150
    @redram5150 3 года назад +1

    Don’t pay your taxes, folks. Don’t let them waste your money

  • @ethanbowman1493
    @ethanbowman1493 3 года назад +21

    Stossle please do a video on whether or not school buses should have seatbelts
    There I fixed it

    • @volition51
      @volition51 3 года назад +12

      It's not about whether school buses should have seatbelts. It's about whether school buses should be *forced by law* to have seat belts.
      One day, we will be able to understand the difference: when we understand *why* absolute freedom is necessary for human life.

    • @PWRslide_TV
      @PWRslide_TV 3 года назад +1

      No seat belts, more padding

    • @JudyJudyJudy44
      @JudyJudyJudy44 3 года назад +3

      Weather ... whether ... makes little difference in English class today, right?

    • @arcguardian
      @arcguardian 3 года назад +1

      @@JudyJudyJudy44 lol yeah, that threw me off.

    • @kathyfahey5469
      @kathyfahey5469 3 года назад +2

      I remember a study whereby they "proved" seat belts wouldnt help any, & also remember a factoid stating "cost". I would like to see that re-visited. And if "cost" is a problem for belts, they can remove all content & programs for diversity, gender equality & switcharoos, etc.

  • @williamlankford5659
    @williamlankford5659 3 года назад +2

    Soon California rules and regulations will be in every state boggling down and taxed until our economy is at a stand still

  • @danield1414
    @danield1414 3 года назад +5

    No John, the government should take care of these things.
    Oh wait April fools was yesterday...

  • @lancemcque1459
    @lancemcque1459 3 года назад

    We will never go back to less regulations. Politicians have a huge incentives to pass more and more regulations.

  • @Jeffersonian1
    @Jeffersonian1 3 года назад +9

    Government Makes Everything Worse Forever.

  • @rfreitas3298
    @rfreitas3298 3 года назад +1

    Came to South America and you will see real bureaucracy

  • @denisceballos9745
    @denisceballos9745 3 года назад +3

    Amazing how the vaccine for Covid 19 was accomplished so fast and approved by the FDA, I believe.

    • @thesaintmustwalkalone708
      @thesaintmustwalkalone708 3 года назад +2

      It is not FDA approved... It is just fda recognized... That's how they get around the red tape. They also changed the definition of a vaccine so cvid would qualify and can't be sued.

  • @whaleshrimp111
    @whaleshrimp111 3 года назад

    Once the USA government stumbled onto my industry they regulated, mandated, set capacity limits, required insurance, sent officials to harass us and buried us in paperwork. All we were doing was floating down rivers. In the end I gave up, sold out and moved out of the country. The age of opportunity in America died by being smothered by the growing menace of government growing out of control.

  • @kevindouglas8768
    @kevindouglas8768 3 года назад +7

    The criminals are wordsmiths. Use words like CONgress instead of PROgress.

  • @ronsmith6233
    @ronsmith6233 3 года назад +2

    When it comes to drones, I like regulations. I fly a helicopter for an air rescue service and have had many near misses with drones. Even in close proximity to major airports like O'Hair and Midway in Chicago, drones are a problem. Once regulations controlling drone flight is removed human flight will become increasingly dangerous.

  • @HadToChangeMyName_YoutubeSucks
    @HadToChangeMyName_YoutubeSucks 3 года назад +3

    If silicone valley had happened in Washington DC we'd still be using text over the internet and watching ASCII animations.

    • @mirzaahmed6589
      @mirzaahmed6589 3 года назад

      I think silicone valley makes breast implants.

    • @HadToChangeMyName_YoutubeSucks
      @HadToChangeMyName_YoutubeSucks 3 года назад

      @@mirzaahmed6589 .... lol, yeah, you're probably more right than I am. The slip of a finger can determine the fate of nations.. I like to think I've been a factor, or maybe not.

  • @JJ4444JJ4444
    @JJ4444JJ4444 3 года назад +2

    Stossel is my Prophet.

  • @independentRestorationServices
    @independentRestorationServices 3 года назад +4

    Talk about Uber and how they laughed at laws until they were big enough to lobby!

  • @littletime8849
    @littletime8849 3 года назад +1

    Thanks for sharing your thoughts! 👍

  • @kingkaga898
    @kingkaga898 3 года назад +7

    Big tech needs to be regulated though. They've had years of unfettered growth to the point where they actively conspire to keep out competition and manipulate services that are needed for political agency.

  • @jason200912
    @jason200912 3 года назад +1

    the empire state building is also a more resource heavy design than the WTO. The WTO fell because they made the interior so hollow that it was not strong enough to take a hit from a plane. However the WTO took a very heavy, diving speed jet. The reason the WTO won awards is because of how many resources they were able to skim out while keeping the structure strong.
    The empire state plane took a hit by a small empty bomber at (extra slow cruising speed).

    • @mirzaahmed6589
      @mirzaahmed6589 3 года назад

      The WTC is the building.
      The World Trade Organization hasn't fallen.

    • @jason200912
      @jason200912 3 года назад

      @@mirzaahmed6589 thanks I always confuse the two

  • @Kraigmire
    @Kraigmire 3 года назад +3

    Some large companies push for regulations as a way to make it very expensive/difficult for newcomers to take a bit of their market share. Politicians are more than happy to take the money for this corruption, and then they tell us this regulation is being brought in for our protection.

    • @volition51
      @volition51 3 года назад +1

      Another reason to get rid of all regulations.

  • @ethanwinters7829
    @ethanwinters7829 3 года назад

    Imagine what American infrastructure would look like without government and environmental regulations!

  • @AppleMenace
    @AppleMenace 3 года назад +3

    Regulations = everyone want's a cut.

  • @Demonic_Culture_Nut
    @Demonic_Culture_Nut 3 года назад +2

    Some amount of regulation is necessary, otherwise you get the problems of modern gaming where 5% of the market overpowers the voice of the other 95% just because of how much that 5% spends (oftentimes without having the money because the individuals that make up that 5% either have gambling compulsion or are minors). However, too much regulation creates corporatism.
    What I'm saying is that the sooner loot boxes you can pay real world money for are legally declared gambling, the better off video games will be until the likes of EA and Activision Blizzard find a new way to nickel-and-dime the consumer, but we should be weary at government's attempts to expand regulation beyond those slot machines.

  • @lethamorris9612
    @lethamorris9612 3 года назад +5

    Government wants to rule everything. That's why we need "The Convention of States" where Governors meet to take back the power from the Federal Government and give it back to the people more than ever. Encourage your State Governor to attend !!!!!

  • @Heartwing37
    @Heartwing37 3 года назад

    Our enemies have been destroying us for decades!

  • @tylerwinning9069
    @tylerwinning9069 3 года назад +6

    As far as I can tell no streaming service will provide CKY song Chineese Freestyle Rap (and the entire album with that song - big tech bows to China)

    • @Ken-no5ip
      @Ken-no5ip 3 года назад +2

      Then create your own that will

    • @who_cares848
      @who_cares848 3 года назад

      Luckily I still have it on vhs. That shit was hilarious lol

  • @anushbangera9937
    @anushbangera9937 3 года назад +1

    Peter thiel should be governor of California ,also the president of America

  • @davidg2479
    @davidg2479 3 года назад +16

    normally I'm in favor of less regulation rather than more, but the fact that Facebook was never regulated and still isn't is a tragedy. they're an absolute monster now...

    • @dk-bw4gk
      @dk-bw4gk 3 года назад +12

      They are regulated. It's that the regulation is just that bad.

    • @Rex-sy8ye
      @Rex-sy8ye 3 года назад +3

      In the past few years we have been seeing more concern over online privacy, so that's something at least.

    • @dk-bw4gk
      @dk-bw4gk 3 года назад +5

      @@Rex-sy8ye Yeah, but a privacy bill bill just passed in California that does nothing but create another Digital Privacy department (paid for either by taxes or internet bills) with a whole new layer of bureaucracy that will only stifle the small guy trying to make a webpage. It will end up doing nothing, just like that law that enforces all those "accept cookies" popups.

    • @LordsofMedia
      @LordsofMedia 3 года назад +1

      People have the choice to not feed the monster by not using facebook. Facebook offers very little in actual services.

    • @LordsofMedia
      @LordsofMedia 3 года назад

      @@clumsyclicker3199 What service does it provide?

  • @russellbrown1068
    @russellbrown1068 3 года назад +1

    James Cameron’s “Skynet” is an Amazing concept as well.

  • @homewall744
    @homewall744 3 года назад +3

    And it's only gotten worse in the past 5 years.

  • @DigitalFX1
    @DigitalFX1 3 года назад +1

    A few weeks ago Bill Maher was complaining why it takes so long to get anything built. He should watch John's video he might learn something.

  • @MichaelTheCelt
    @MichaelTheCelt 3 года назад +3

    What? Why would they mandate trains be heavier, that just makes them use more energy to move? I thought they want to be green lol

    • @mirzaahmed6589
      @mirzaahmed6589 3 года назад

      The idea was that they would be safer in crashes involving long, heavy freight trains.
      They have changed the rules since then, and more commuter railroads are looking at getting lighter trainsets, like diesel multiple units.

  • @R8DRBeagle
    @R8DRBeagle 3 года назад

    "Dr.D." David Shultz didn't slapped John Stossel hard enough