HomeUploadUpload DirectHotlinkRandomAbouttheme toggle

Mostly Weekly Series Finale: Creative Destruction

Views: 847
In the final episode of the webseries, we tackle how markets make and break stuff.

-----
Subscribe to our YouTube channel: http://youtube.com/reasontv
Like us on Facebook: https://www.facebook.com/Reason.Magaz...
Follow us on Twitter: https://twitter.com/reason
Subscribe to our podcast at iTunes: https://goo.gl/az3a7a

Reason is the planet's leading source of news, politics, and culture from a libertarian perspective. Go to reason.com for a point of view you won't get from legacy media and old left-right opinion magazines.

----------------

In free and open markets people are able to make new technologies and business models, which displace older, established ones. That process of starting new companies and jobs destroys some professions while creating others.

It's entirely understandable that people who lose their jobs want to keep them. But industries like manufacturing, coal mining, and mall retailers aren't dying out because of competition from China, they're being outmoded by automation, cheaper fuel sources, and online sales.

Despite the uncertainty that markets bring, they also create new jobs and entirely new professions. There aren't gangs of unemployed lamplighters roaming the land; their descendants became Uber drivers, social media coordinators, and webseries producers.

In the end, it's better for everyone to look at the world as it is and to move forward than to try and halt progress through the force of law.

Mostly Weekly is hosted by Andrew Heaton with headwriter Sarah Rose Siskind.

Script by Andrew Heaton and Sarah Rose Siskind with writing assistance from Brian Sack.
Edited by Austin Bragg and Sarah Rose Siskind.
Produced by Meredith and Austin Bragg.
Theme Song: Frozen by Surfer Blood.
@ReasonVidsfollow
Thumbnail for Gary Taubes on How Big Government Made Us Fat22:32
Gary Taubes on How Big Government Made Us Fat
ReasonVids
870 views
Thumbnail for Soda Jerk Michael Bloomberg Strikes Again (Nanny of the Month, May 2012)1:30
Soda Jerk Michael Bloomberg Strikes Again (Nanny of the Month, May 2012)
ReasonVids
900 views
Thumbnail for Rune Chat #100: Centennial Celebration1:26:04
Rune Chat #100: Centennial Celebration
RuneChat
732 views
Thumbnail for Independents Day is June 28! Pre-Order Nick Gillespie and Matt Welch's libertarian manifesto today!1:26
Independents Day is June 28! Pre-Order Nick Gillespie and Matt Welch's libertarian manifesto today!
ReasonVids
918 views
Thumbnail for YOASO鼻 怪物 | はるか2号[準備中]0:53
YOASO鼻 怪物 | はるか2号[準備中]
invidious
324 views
Thumbnail for US Soldier explains Vietcong booby trap1:11
US Soldier explains Vietcong booby trap
AOUisgay
402 views
Thumbnail for The Big Bailout5:16
The Big Bailout
ReasonVids
873 views
Thumbnail for Mississippi Republican Congressional Candidate and Pilot Says Navy Is Grounding Him for Political Views0:29
Mississippi Republican Congressional Candidate and Pilot Says Navy Is Grounding Him for Political Views
bestofvoatxyz
1830 views
Thumbnail for Would ObamaCare Kill Medical Innovation?7:39
Would ObamaCare Kill Medical Innovation?
ReasonVids
830 views
Thumbnail for IJ Live: IJ Files Suit to Challenges Indiana’s Ban on Using Online Eye Tests to Obtain Prescriptions4:34
IJ Live: IJ Files Suit to Challenges Indiana’s Ban on Using Online Eye Tests to Obtain Prescriptions
IJvids
876 views
Thumbnail for Freedomworks' Matt Kibbe on the Hostile Takeover of The GOP4:31
Freedomworks' Matt Kibbe on the Hostile Takeover of The GOP
ReasonVids
708 views
Thumbnail for College Students 'Think Freedom is Not a Big Deal'17:33
College Students 'Think Freedom is Not a Big Deal'
ReasonVids
881 views
Thumbnail for Joe Biden's Disastrous Record of Using 'Bold Federal Action' To Solve America's Problems5:54
Joe Biden's Disastrous Record of Using 'Bold Federal Action' To Solve America's Problems
ReasonVids
922 views
Thumbnail for 'Trump is Toast & Clinton is a Hypocrite’: Gary Johnson Reacts to the Final Debate2:56
'Trump is Toast & Clinton is a Hypocrite’: Gary Johnson Reacts to the Final Debate
ReasonVids
919 views
Thumbnail for Thank You for Vaping: Libertarians vs. New York City's E-Cig Ban3:13
Thank You for Vaping: Libertarians vs. New York City's E-Cig Ban
ReasonVids
845 views
Thumbnail for How Liquor Companies Screwed Up Pot Legalization in Nevada3:32
How Liquor Companies Screwed Up Pot Legalization in Nevada
ReasonVids
780 views
Thumbnail for #StandWithRand: Rand Paul, Barack Obama, Drones, and Presidential Kill Lists2:46
#StandWithRand: Rand Paul, Barack Obama, Drones, and Presidential Kill Lists
ReasonVids
1018 views
Thumbnail for Walt Disney Classic The Lion King VHS0:05
Walt Disney Classic The Lion King VHS
gggknezz123
301 views
Thumbnail for Remy: Students United (Tuition Protest Song)2:17
Remy: Students United (Tuition Protest Song)
ReasonVids
856 views
Thumbnail for How Pot Went Legit: Q+A With Weed Land's Peter Hecht37:51
How Pot Went Legit: Q+A With Weed Land's Peter Hecht
ReasonVids
937 views

points

Permalink
Reply
libertarian, reason magazine, reason.com, reason.tv, reasontv, creative destruction, capitalism
TOS  •  Add Keywords  •  Donate  •   Analytics  •   DMCA  •   Puzzle