The Game Theory Of Military Spending | Economics Explained

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Information The Game Theory Of Military Spending | Economics Explained

Title	:	The Game Theory Of Military Spending \| Economics Explained
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Interesting
Comment from : @Muhammad80008

Another important thing people don't understand about USA and China's millitary spending is that USA considers a whole lot of things as millitary spending like pensions, infrastructure etc, which china does not include in their millitary spending
Comment from : @fenrir834

India never invaded a foreign country Not sure about your sources claiming otherwise
Comment from : @amols101

One thing to mention about China’s military budget Yes salaries are less and things such as housing and simple goods are cheaper, but some of the most expensive things such as high end military equipment really isn’t that much cheaper It is, but only marginally brChina however does also somewhat mask its budget as it doesn’t include R&D among several other things that are included and take up a large portion of the American budget
Comment from : @jacobbaumgardner3406

That purchasing power parity comparison was great, and not something I've heard before Great additional perspective to this whole conversation
Comment from : @ticokidd

My favorite part of the video was when you picked china as the example for "the rat"
Comment from : @R-MD

you can't make your intros THIS factual and disheartening we only have so much anger to expel within the course of one video PLEASE
Comment from : @joshuadoliveiro

Im sorry there is no dollar amount that will end world hunger The places on the planet that people are still hungry is run by Warlords and extremists who steals any money meant for aid Very silly comparison coming from you who is normally very well informed
Comment from : @samuelhermanns3968

World hunger could be eradicated with 330 billon dollar over the next decade? Okey now you have to explain that
Comment from : @selimarditi3420

I expect this video to not cover any actual points like the cancelled tank programs, and instead go on a pseudo-philosophical tangent
Comment from : @AYVYN

The Rat: zooms in on China
Comment from : @mackotrba

1:58 i don't know why that's starting to age like milk
Comment from : @angeloluna529

I have a different theory War is a basic human instinct Humans are apex predators Apex predators, particularly males, fight and kill each other Watch The Lion King This is how Darwinism works with apex predators If you look back through history up to WWII, nearly every generation went to war War only skipped a generation during times of famine or plague, when other environmental pressures ensure the survival of the fittest
Comment from : @dogman2387

Yeah, it's a good thing Europeans went around the world stealing land when weapons were relatively cheap
Comment from : @psikeyhackr6914

It's just a theory A biGAME THEORY/i/b
Comment from : @RockSolitude

Pain au chocolat is correct that guy was fooling you
Comment from : @amadoucisse2692

The internet was created by university students wanting to be able to communicate, not in the military
Comment from : @kamikadzeto7

UN troop should eventually replacing all US overseas troops
Comment from : @watchman835

The use of the prisoners dilemma isn't correct herebrUnder the prisoner's dilemma, each actor chooses a worse outcome because of lack of informationbrWith military spending, the best outcome is subjugation of the other actors and control of the international political sphere
Comment from : @joshua9738

Too bad the Chinese and Russians can't just be happy without bullying their neighbors
Comment from : @alans9707

"The countries involved in these tensions really don't want to fight each others" What?brTell that to China and Russia, looks like they didn't get the memo
Comment from : @MagicSerwyn

"Every gouvernement act for the well being of their own countries" No, only democracies do China, Russia and co certainly don'tbr"A world where nations cooperate and could agree to drop their military spending is irrational" No, democracies dobrYou need to say the words plainly sometime Military spending going crazy is ENTIRELY the fault of autocrats It's not rational behaviour of nations, it's a plague
Comment from : @MagicSerwyn

8:43 You have shown the wrong map of India Many Indian territories have been shown as part of China and Pakistan
Comment from : @pratyakshrastogi

Spending huge amount of money on high tech weaponries while the actual war will be nuclear So sad
Comment from : @julwiezdeghorz5089

Most depressing first minute of any video ever We simply choose not to solve our problems
Comment from : @povertyiscreated2265

incorrect map of Indiacome on mate, you can do better
Comment from : @shrig018

Money was never the problem in eliminating hunger
Comment from : @PiyushGupta-vx6qi

please use correct map of India
Comment from : @arunkumartiwari4570

Also depends what kind of military spending we're talking about Often conscripted soldiers also act as emergency disaster relief personnel during peace-times Example if a water pipe bursts somewhere in Finland, its the army reservists who get a call and give pure water canisters to the neighbourhood
Comment from : @Meitti

I dream of bread made entirely of chocolate!
Comment from : @ajaxchess

1-Go watch PERUN's video about military spendingbr2-India, China and Russia are pointing guns at each other, while pretending they will create a common currency That is the irony😂
Comment from : @ricardokowalski1579

The first argument that came out of this video is a broken-window fallacy about how hiring people to work at useless jobs is “stimulating the economy” God, this is bad economics
Comment from : @TheFineLibertarian

We bomb at war
Comment from : @TrueThatTucson

Could you be more obvious on your propaganda?
Comment from : @notanicebear

No country needs to spend any money on the military once the last dictator was removed from the surface of this planet
Comment from : @NoSuffix

1:20 this stock footage is ridiculous >_>
Comment from : @SoCalFreelance

Alternate Title: How an Aussie Learned to Stop Worrying and Love the Bomb
Comment from : @HomersIlliad

First off, I think the study you quote in the beginning is highly speculative A core issue with poverty and hunger is political leadership - so unless you plan to spend that $330B on coups or accompany it with seizing control by functioning countries, I think it is more dream than analysis Second, you begin with this study to make a moral stance that 'military spending is bad and wasteful' which is unhelpful and immediately undermines your perceived objectivitybrbrThis is a shame because the rest of the video is quite good As mentioned in other comments, the use of PPP and discussion of Game Theory are insightful and interesting I have noticed this trend in your content of late It seems like one of your writers can't help but inject their moral and political bias into economic discussions while the other(s) don't seem to have that problem The video on Singapore is balanced, informative, and does not seek to make a point beyond educating on the history and uniqueness of the country's economy
Comment from : @danpalacios1540

Land of Mahatma Non Violence India spends on military and even started manufacturing arms and exporting people of India especially the poor that Nation First thus justifying extra spendingbrIt is not Nation First It is actually People First as without people there is no nation
Comment from : @mohanloganathan5513

world hunger wont be eradicated because the elite want de-population They want billions dead
Comment from : @christopherbate6248

Nice
Comment from : @sourabhmayekar3354

Us no, them yes
Comment from : @ragingchimera8021

Spent to protect — RF invasion destroyed property on hundreds of milliards dollars
Comment from : @sergeykish

Nice
Comment from : @sourabhmayekar3354

Feeling like the more recent videos have an anti-China bias (even though the facts are all true), not sure if influenced by political views or desire to get more views 🤔
Comment from : @alanwsh4138

Pretty dumb to use PPP for military spending Because India doesn't manufacture stuff locally We import majority of our equipment
Comment from : @harshjain3122

Investing in alternate income streams should be the top priority for everyone right now especially given the global economic crisis we are currently experiencing, Stocks, gold, silver, and virtual currencies are still attractive investments at the moment
Comment from : @samanthadonaldson2246

We contribute more nominally to NATO, but we also in return get the status of World’s Reserve Currency in exchange, effectively making up for extra spending by letting us borrow more than we would be able to without that status Also we get bragging rights and cool movies
Comment from : @ac1455

I see usa and eu wants war and its spoils
Comment from : @justcurious7505

The peace has been kept by pax America
Comment from : @stevenburrell9177

But also there is groups that will cause problems like pirates, gans or other terrorist groups If a country dont have a defence them terrorist groups would make that country their nest
Comment from : @letsplay2gamerz482

Does he have an accent? Really hard for me to listen
Comment from : @xxviper097xx7

And lost all the waramerican not very smart play out by politician and weapon productive company
Comment from : @GPDC100

1:49 Weeelcome back! to Gaaame Theory!
Comment from : @elismart13

Stick to econmics no need to share you biased politicamente facts
Comment from : @yassirhallami6737

Yeah, but there’s no profit to be made from ending world hunger 😈
Comment from : @bettyswallocks6411

USA lives by waging wars, conflicts outside its boarders
Comment from : @Acolyte_of_Cthulhu

Can you make a video focusing on the personal economics of war? Basically, the ways in which the military is a better (and worse) job / career over other employers?brbrFor example, militaries nowadays have sophisticated equipment such as aircraft that need to be maintained and operated, and the military will teach you how do these things for free (financially) Personally for me, in my country, the military paid for my undergraduate and master's level engineering educationbrbrI know the military isn't everyone's employer of choice but it would be cool to see a video of how it stacks up to other employers and maybe the kind of demographics the military may or may not appeal to
Comment from : @Kalman_Gainz

India's map is incorrectI am reporting this video for the same
Comment from : @roshanpande8108

The United States blew up the Nord Stream, and Germany is finished
Comment from : @user-rl5pm3mj8v

These are very valuable rules for anybody who wants to get rich Unfortunately, most people who will watch this video will not really be able to apply the principles We may not want to admit, but as Warren Buffett once said, investing is like any other profession-- it requires a certain level of expertise No surprise that some people are losing a lot of money in the bear market, while others are making hundreds of thousands in profit I just don't know how they do it I have about $89k now to put in the market
Comment from : @Jordansteven40

The US department of defense made Silicone Valley I mean the P in HP was a deputy defense secretary
Comment from : @brianmatic539

The US borrows to give the Pentagon its near trillion dollar annual budget - making the service on its compounding past debt as obscene as Pentagon spending and its lack of accountability
Comment from : @frankfacts6207

great video
Comment from : @minecraftdonebig

Stop showing clips with white women and black men together The woke bullshit has gone too far and it makes me want to barf
Comment from : @user-rh1hu1pq3d

The answer is: no
Comment from : @toreon1978

The Military Industrial Complex, which emerged during the Vietnam War in the 1960s, has had a detrimental impact on American taxpayers by adding significantly to the national debt War has proven to be a profitable venture for someone, just not for the average citizen
Comment from : @chrisaguilera1564

very thought provoking as always thank you!
Comment from : @LuxEcon

the mouse is underneath the table
Comment from : @StefanBacon

War is primitive Humanity should fight for progress and education, not death
Comment from : @constantin58

"If you can call it that" 🤨
Comment from : @kphaxx

"some of the skills that peoples in the military are trained in are completely useless in any kind of civilian industry"brretail worker: "hello, Karen"
Comment from : @kolerick

China posing a "military threat" to US is a funny joke Because obviously it's China going to Alaska trying to arm it against the US
Comment from : @isn0t42

Yes, Utopia is one the best shows!
Comment from : @davids339

The US budget system is quite different from the Chinese one The US military budget includes also all the benefits, pensions and medical assistance for the personal and the veterans The Chinese one does not Pensions and medical assistance fall in other chapters of the state budget And if you add the different purchasing power right now the Chinese military budget exceeds the US one
Comment from : @luigifranceschi2350

There's no cold war anymore among countries , but there's regulated economic competitions
Comment from : @tayedshahrear6838

This video so bad that it actually makes me furiousbra) There is no nobel price for economics Alfred nobel didn't consider economics as science which is truebrb) Military does increase research? That's BS of the highest order Besides killing millions in wars and reducing the global knowledge the military also doesn't do research itself Instead they keep research secret and therefor prevent proliferationbrbrJust consider how much progress could be done when we had stop killing each other a decade agobrSeems economis really is a pseudo science for cold hearted idiots
Comment from : @darthmaul8912

this video is bullshit don't listen to it people this is the United States government's fascist propaganda videos to encourage you to join the military
Comment from : @anonymous-is4hy

one life is worth the entire world's capital X 1 million
Comment from : @anonymous-is4hy

oh, and also all wars
Comment from : @anonymous-is4hy

with 500 million I would end world hunger natural resources eliminated and the home for every single person on earth
Comment from : @anonymous-is4hy

I would expect the industrial military complex is deeply entrenched in the political circles, of the US body politic Paranoia bonanza
Comment from : @Aubury

YesbrbrSa plans your numbers for the economy all the time in advancebrIt doesn't even work with your government to do this It just sort of controls it and predicts itbrReal estate was a big issue for csis and the forecasts for this was way off from natural inflation Somehow it got therebrIt did this for the cia toobrbrReal estate/rent is an enormous part of your economy Good prices is easy to predict and fix Companies are planned decades in advance in conjunction with media to drive customers (this isn't necessarily bad but is an exploit)
Comment from : @Panacea9

No, killing peopled doesn’t make you richer But, MMT and stopping corrupt politicians and corrupt business practices does
Comment from : @ultrafuproductions

他国の紛争を煽ったり介入する事で武器を必要とする国や買う国が増えるので汚いやり方ですが商売と言えば不正商売でしょう。brただ今回のウクライナ戦争は今までとは違い、アメリカは債務不履行を武器に下院に予算通過を通すというやり方が加わって物凄く儲かっているのはアメリカのみ。br隠れ蓑に使われたウクライナはアメリカから武器は全部届かないしお金も全部は届かないしと踏んだり蹴ったりでしょう。brbrInciting or intervening in conflicts in other countries will increase the number of countries that need or buy weapons, so it's a dirty way, but if you say business, it's dishonest and illegal business brHowever, the Ukrainian war this time is different from the past, and only the United States is making a lot of money with the addition of the method of passing the budget through the House of Representatives using the default as a weapon Furthermore, only the American Democrats and their allies are profitablebrUkraine, which was used as a cover, will step on and kick by US DemocratsbrThe weapons and amounts of money announced by the United States hasn’t reached to the Ukraine all yet and that’s only few weapons and few money went to the Ukrainebrbr味方を食い物にするこのやり方は沢山の国から嫌われる原因となるでしょう。brbrThis way of preying on your allies will cause US to be disliked by many countries
Comment from : @user-vf8nh9dw3b

Which is funnier: the fact that Australia went to war against their wildlife, or that that LOST that war?
Comment from : @scottfranco1962

What is more expensive than a strong military?brbrNot having one
Comment from : @scottfranco1962

The Great Emu Warand the Emu's won!
Comment from : @solo1014

Of course war makes people rich That's the point of war Prospective plunderbrThat 330bn investment to end world hunger is bonkers
Comment from : @Gearparadummies

Do a video on Javier Milei's anarcho-capitalist plans in Argentina, and whether it would work to curb inflation and balance the budget
Comment from : @violenthell

ISA has benefitted wrt USD as the base global curremcy and also international influence by bring the big daddy So, saying that others benefitted more is half truth
Comment from : @hrushikeshavachat900

I think there may be 2 unaccounted for factors that you didn't cover:br1 The military(at least in the US and I think many other countries) is also used as a rapid response workforce for emergency situations(often natural disasters) I think it goes without saying emergencies like natural disasters hurt economic output, I think it's probable that having a rapid response workforce respond to emergencies probably lessens the economic hit of the emergencies compared to not having this AND finally while it's arguable that this could be done without the military having the military do this is likely the easiest political/practical way to have a large workforce that is ready to be deployed quickly with the correct skill setsbr2 You said that some skills learned in the military aren't economically transferable to civilian life(probably mostly infantry and munitions experts), I'm not sure if this would be considered a 'skill' per se BUT all members of the military also receive comprehensive training and conditioning to be more organized, disciplined and productive, paired with the recruitment base of the military primarily being from low education, economically depressed communities, it's likely all skill sets of military personnel go on to be more economically productive than they otherwise would have been whether or not the specific skills they picked up in the military are being used OR whether or not they also pursued easier access to higher levels of education provided by the military Obviously some in the military become less productive due to trauma BUT I would speculate that at the macro level, retired infantry personnel are more economically productive post service than people in similar education/locality circumstances even though they aren't applying their skill sets directlybrbrObviously both things are logic/anecdote driven so it'd be interesting to see if there are stats out there confirming or disproving my two assertions
Comment from : @hrolfthestrange