Yaron Answers: Can The President Create Jobs?

[capitalistsamurai]

Capitalists are not "job-creators, " they are WEALTH creators! Can the President Create Jobs. Yes, he or she (in the future hopefully) can create meaningless and absolutely wasteful jobs. Better question is: Can the President create wealth and prosperity? Not directly! He or she eliminate all, I mean ALL (tariffs, subsides, minimum wage public-sector labor unions and all) regulations and roadblocks against wealth creation!

[TeaParty]

The private economy pays for everything, even rational govt function of protecting rights.

[TeaParty]

Dont forget the job-creating benevolence of slavery!

[podcastbard]

why can't the private sector create their own police force?

[harvey]

How do you pay for the necessary public sector jobs? Taxes?

[TeaParty]

Even if jobs dont decrease, they are less productive because political, not economic.

[NotUrBiz]

In what way is the government oversight, creating jobs? It's a leech on job creation, not creator of jobs.

[podcastbard]

What about the businesses who fail? There are more businesses that fail then the ones that are successful.

[TeaParty]

I said, "Production, not jobs, is primary."

[TeaParty]

Go one step further. If slavery were legal, unemployment would vanish.

[TeaParty]

Production, not jobs, is primary. There's full employment and low productivity in tribal economies.

[AlexanderEBott]

Is the defense department considered an unwanted bureaucracy? The way I see it, it is a proper extension of the military, and any research that is done to improve the military is a bonus if it can improve the rest of society. That doesn't mean that it is necessary for the government to do all research. NASA should only have existed as was necessary for defense purposes.

[john]

While I agree with Yaron, I think there is a gap in his explanation. That is, does a job that the government create automatically destroy more jobs in the private sector? I can imagine a big government person thinking to himself that the government can do the same thing (or even better) than the Steve Jobs of the world.

[AlexanderEBott]

I think most of their projects were justified, from looking at the wiki. Computer engineering should have been seen as a burgeoning area in defense especially with satellites and intelligence gathering.

[MrRob]

I wouldn't call them nuts; just blindly ideological. Ask them for a book that outlines how they think the economy and the government should be structured and they won't provide it because it doesn't exist. All you get is a bunch of abstract notions and Randian canned statements. It's all based on some theoretical notion of "Laissez-Faire" capitalism that they never have to fully define. So every time something blows, no matter the cause, it's never it's because it's not "real capitalism."

[SuperFinGuy]

Yeah the title and its premise need to be reworked.

[TeaParty]

Not if you think that govt creates jobs with resources from the market. That's fascism, not capitalism. Objectivism is a system of principles abstracted from concretes. Its not a Pragmatist chaos of isolated claims.

[john]

I know and agree that production is not the primary. However, this video seems targeted at audience members who thinks that job creation is a responsibility of government. If the assumption is correct, then this video is missing additional arguments. I'm not saying that Yaron is wrong. I am saying that he is missing additional arguments. Make sense?

[AlexanderEBott]

I know Ryan a bit, don't think that you are explaining Objectivism to him. As far as what is going on between you and him, you're not really seeing where he is coming from. He's NOT saying that it is good and normal for government to take over industries and "provide" jobs. He is just stating that it does create jobs in some sense, a job that was not in existence now is. To add further, but in doing so it is ruining job creation elsewhere, i.e. sucking up capital investment.

[TeaParty]

You evade Brooks' clear statement that govt jobs require taxes from private job creators. Isolated facts are worthless.