@@benjaminmyers5299 And they were called hammers, after Armand Hammer, the American industrialist who showed the soviets how to do something they couldn't --- build a pencil
@@olivernell4283 ...yes. 1 In the beginning God created the heaven and the earth. 2 And the earth was without form, and void; and darkness was upon the face of the deep. And the Spirit of God moved upon the face of the waters. 3 And God said, Let there be light: and there was light. 4 And God saw the light, that it was good: and God divided the light from the darkness. 5 And God called the light Day, and the darkness he called Night. And the evening and the morning were the first day.
@anglekan Indeed. Housing costs are very location specific (space heterogeneity) but tend to be highest where rent controls and zoning regulations are most onerous. Healthcare costs are artificially high primarily due to barriers to entry (supply restrictions), demand that is artificially high due to lack of rationing by price, and the lack of incentives for cost control due to the continued growth of government spending for healthcare. These are all examples of the failure of state intervention/central planning.
@@thotslayer9914 Hmmm, another "market failure" claim...If you would please, give a specific example of this phenomenon, rather than simply claiming its existence, and that it was omitted.
I think the owner of the pencil factory might disagree with this conclusion. The owner of the factory buys the raw materials, designs the pencil and sets the price for its sale. This is central planning on a small scale.
@@thotslayer9914 Most companies have a majority shareholder who is the undisputed leader of the company. The leader of the company is advised by management but the final decision is usually made by the leader in a similar way to how a dictatorship operates.
@@savvageorge No. The owner would not disagree, because the owners decisions about raw materials, design, and especially price are only ever provisional, due to competition and the necessity of voluntarism in markets. For an asking price to have meaning, it must be made real by a consumer deciding that they would rather have the product than the asking price, and realizing a transction. Under Central Planning, the design, raw materials, production process, price, etc., are dictated by the 'plan,' and that's that.
I wish someone, ANYONE would POUND the 🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲... TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who... 👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹 ~ AND ~ 👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹 👹 S•T•👹•L•E 👹 THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight) from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED... 🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲 Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS. 🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You. Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA. Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children. Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏 🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
I love the bit that says "There is a fact that is still more astounding - The absence of a mastermind, of anyone dictating these countless actions that bring this pencil into being." Someone should remind Klaus Schwab and the WEF of this fundamental principle.
One of the simplest economics lessons I've seen in my 70+ years --it should be in every school. I offered to supply a copy for each of the 7th and 8th grade students in two private schools but neither accepted --one said it was" too sophistidated" and the other wouldn't even talk to me about it. Economics to most schools is not worthy subject matter. No wonder that our people are so ignorant of how the world works. it sure makes the career politicians job of conning the electorate much easier.
I am not surprised George. It doesn't support the current agenda of the NEA and other teachers unions. Now...if you could somehow insert, race, gender identify, and pronouns into the conversation, or have it foster a positive light on being LGTBQ+, then the schools would gladly take you up on your offer. That is the sad state of education in the US today. Public education anyway.
i am am challenger school and this is a mandatory video we have to watch and write an essay on in our first level economics class honestly not the hardest thing i have done though it is really cool to think about the apsolute size of people that go behind the creating of most of the goods we use on a normal basis
+.babel "What a ridiculous ode to capitalism." You're right. The fact that you're writing on a magic box that contains all human knowledge and lets you communicate instantly to people on the other side of the world in order to ignorantly bash the very system that coordinated its creation is a much better ode.
Except capitalism didn't coordinate the creation of the computer, the first computers were made for the military. But then again what would capitalism be if it couldn't steal credit for everything under the sun?
This video could easily be as long as a movie...just by starting before the tree was cut! I am first to admit I take alot for granted...God bless America and thank god I was born here !!!
And at every juncture and phase of this complex web we've erected the roadblocks of regulations, liability and entitlements, thereby gumming-up the works.
They are protecting the people that the web also seeks to serve. We must both expand our capabilities, without oversteps what can be done safely. Safely with regard to public health, economic stability, etc. We have to protect ourselves from the inherent self-interest of corporate entities.
dude liabilities are good. It helps the workers, who are also the consumers, to not break their spinal cords, arms, and legs just because they're highly expendable.
I wish someone, ANYONE would POUND the 🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲... TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who... 👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹 ~ AND ~ 👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹 👹 S•T•👹•L•E 👹 THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight) from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED... 🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲 Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS. 🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You. Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA. Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children. Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏 🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
I wish someone, ANYONE would POUND the 🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲... TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who... 👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹 ~ AND ~ 👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹 👹 S•T•👹•L•E 👹 THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight) from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED... 🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲 Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS. 🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You. Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA. Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children. Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏 🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
I am amazed to know how intricately the systems and efforts of millions of peoeple are involved in making a seemingly simple pencil. I am thankful to know this.
And in making the most free, most diverse, most productive, most wealthy, most generous country ever to have existed. But unfortunately, also the most ungrateful.
@@Bmboo_ Thanks for your reply. I asked because I didn't know what "DT" meant until I did an online search, and I wanted to confirm your meaning. I also needed to search the meanings of GCSE and IGCSE. I'm an old guy who lives in the USA and I wasn't familiar with any of those. I presume you live in the UK?
What! No Department of Pencils?? How shall we write things down? Who will fight for our right to pencils unless the government GUARENTEES full access to pencil technology. Geez. What's next? No Department of Love?
I love this. People need perspective sometimes; most people take everything in our comfortable modern world for granted and even despise it. We are the inheritors of a sophisticated web of human ingenuity and greatness. Bravo.
So great to see this video. I remember the first time I read the essay, and how much it opened my eyes to what we truly do as a community - a community with no real authority, just individuals pursuing their interests. Great to see this!
I wish someone, ANYONE would POUND the 🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲... TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who... 👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹 ~ AND ~ 👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹 👹 S•T•👹•L•E 👹 THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight) from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED... 🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲 Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS. 🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You. Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA. Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children. Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏 🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
+Brennan Becerra Well, looking at the global connectivity in this video, I thought of how the modern world is a house of cards, EMP, solar flare or computer virus...it would all come down faster than a house of cards. Time to think about prepping??? Seriously, my thoughts while watching were not about how wonderful the global product is but how fragile.
+Willaim Hall Did you miss the part about adaptation? Since the dawn of man, we have been constantly attacked by nature, forcing us to adapt and change how we choose to achieve a better world for ourselves. And how we adapt! We are healthier, wealthier and more comfortable than ever before because of our stubbornness and unwillingness to subdue ourselves to disaster. Human inter-connectivity has never been more robust.
Ooops! They are undoubtedly teaching you centralized planning via Keynesianism and Modern Monetary Theory, both derived from Karl Marx. This video, though 100% empirically accurate, is kryptonite for them. Edit: If you want to learn real economics, study the Austrian School. Their heads will explode since it has predicted the inevitable, and observable failures of Keynes and MMT, and they have no logically consistent rebuttals for the concepts put forth.
@@EnFuegoDuo ... I have had to learn that stuff for ages in school and I already understand it, but surprisingly enough, I always had way too many pet peeves about the system. If software can be copied indefinetely, then why is it often so expensive. Even if the source code is worth $10000000 the infinite copies available to make plus the fact that selling a copy doesn't take away the source code would thus make the copies essentially worthless. But then practically, they will only sell a limited number, so it must be expensive. Law of diminishing returns vs. the austrian school of economics. ??? halp. also stop spreading the conspiracy theory that all schools are socialist. My school is anything but. They used to give out stoves when obama was elected because they thought he would ruin the nation. They also tell all the students about how bad keynesianism is. BTW keynes was older than marx, therefore your argument wouldnt work, as keynesianism is older than marxism.
@8235 The consumer is willing to pay X. Therefore, you put the price as X. Simple as that. If the consumer were only willing to pay 0.5X, then you charge 0.5X, for otherwise you get no money. The amount of copies in existence don't matter, and the source code has no inherent value, only how much people are willing to pay for it.
Me at the beginning of the video: This isn’t mind blowing. I could make a pencil with all of the supplies. 😑🥱😒 Me by the ancestors part: WHAT!?!?!? Mind blown! I can’t even comprehend this! 😶😧🤯😱🤭🤔🧐🤨 Thank you for this video. All of the ANCESTORS who brought me here! 😉☺️👍🏻
This video-essay and the study of economics (which I just started) changes the way we observe the world and should certainly affect our political views or voting preferences. Price controls, bankruptcy mitigation, endless government subsidization, and any form of socialism is both self-defeating and self destructive. It's no wonder the Bible says people suffer because of ignorance (Hosea 4:6).
Wonderful! Beautiful graphics and a great way of telling the story of human cooperation. It is best to ignore those that are confounded by simple truth. So focus on a great story well told -- and don't argue about it. Most people, if they don't know, there's no way you can tell them.
This is a great video, it really puts into perspective what level of cooperation we can come to on a global scale for a measly ten cents per pencil. They should note, however, pencils existed as far back as 1564. Modern pencils are more convenient but don't require this level of collaboration to function, Not to mention the voluntary use of the whip on workers to encourage quota allocation and deadlines in Chinese mines, voluntarily set by the plant manager, is part of the family tree too.
I wish someone, ANYONE would POUND the 🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲... TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who... 👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹 ~ AND ~ 👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹 👹 S•T•👹•L•E 👹 THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight) from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED... 🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲 Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS. 🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You. Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA. Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children. Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏 🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
Except it isn't. Capitalism requires a system of property rights to be enforced by objective law not by roving gangs where the law of the jungle rules. It is an impossibility to have vast trade in an anarcho-capitalist society. It would always be small scale because trust would be lowered. It would be impossible for vast groups of people to come together and cooperate and agree how to settle disputes. That is why government is necessary. Assuming you want prosperity.
This is a rather clear and well presented definition of FREE MARKET CAPITALISM. Perhaps we could send a copy to our "Emperor" and those that spend their lives focused on envy of the accomplished.
I wish someone, ANYONE would POUND the 🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲... TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who... 👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹 ~ AND ~ 👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹 👹 S•T•👹•L•E 👹 THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight) from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED... 🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲 Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS. 🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You. Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA. Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children. Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏 🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
Nope. Price setting and staying at home are the tools of the devil's minions (aka, the govt) used to take your freedoms away. BTW, that "invisible hand" is God!! (aka, "How the U.S. of A. began....") "And it shall come to pass, IF thou SHALT HEARKEN DILIGENTLY unto the voice of the Lord thy God, to observe and to do all his commandments which I command thee this day, that the Lord thy God WILL set thee on high above all nations of the earth:" - Deuteronomy chapter 28, verse 1 (written some 3,600 years ago)...read what follows from the same chapter : 2 And all these blessings shall come on thee, and overtake thee, IF thou shalt hearken unto the voice of the Lord thy God. 3 Blessed shalt thou be in the city, and blessed shalt thou be in the field. 4 Blessed shall be the fruit of thy body, and the fruit of thy ground, and the fruit of thy cattle, the increase of thy kine, and the flocks of thy sheep. 5 Blessed shall be thy basket and thy store. 6 Blessed shalt thou be when thou comest in, and blessed shalt thou be when thou goest out. 7 The Lord shall cause thine enemies that rise up against thee to be smitten before thy face: they shall come out against thee one way, and flee before thee seven ways. 8 The Lord shall command the blessing upon thee in thy storehouses, and in all that thou settest thine hand unto; and he shall bless thee in the land which the Lord thy God giveth thee. 9 The Lord shall establish thee an holy people unto himself, as he hath sworn unto thee, if thou shalt keep the commandments of the Lord thy God, and walk in his ways. HOWEVER : (aka, "How the U.S. of A. is ending up.") 15 BUT it shall come to pass, IF thou WILT NOT HEARKEN unto the voice of the Lord thy God, to observe to do all his commandments and his statutes which I command thee this day; that all these curses SHALL come upon thee, and overtake thee: 16 Cursed shalt thou be in the city, and cursed shalt thou be in the field. 17 Cursed shall be thy basket and thy store. 18 Cursed shall be the fruit of thy body, and the fruit of thy land, the increase of thy kine, and the flocks of thy sheep. 19 Cursed shalt thou be when thou comest in, and cursed shalt thou be when thou goest out. 20 The Lord shall send upon thee cursing, vexation, and rebuke, in all that thou settest thine hand unto for to do, until thou be destroyed, and until thou perish quickly; because of the wickedness of thy doings, whereby thou hast forsaken me. 21 The Lord shall make the PESTILENCE cleave unto thee, until he have consumed thee from off the land, whither thou goest to possess it. 22 The Lord shall smite thee with a consumption, and with a fever, and with an inflammation, and with an extreme burning, and with the sword, and with blasting, and with mildew; and they shall pursue thee UNTIL THOU PERISH.
Hillary Clinton said 'it takes a village'. I wonder if she was paraphrasing Leonard Read and Milton Friedman, and referring to free-market cooperation.
If you watch this video you can take into account that this principle of not understanding everything behind the making of the pencil can be taken and applied to a bunch of things in life and how important it is to understand where something came from
What about the yellow paint? Somebody is going to get tremendously upset and offended.......
Good point! Well spotted.
Yellow dye is usually Iron3 oxide, and the paint is a Eurethane based paint, usually. Eurethane is a petroleum resin.
You know, pencils in the Soviet Union were typically painted red...
@@benjaminmyers5299 And they were called hammers, after Armand Hammer, the American industrialist who showed the soviets how to do something they couldn't --- build a pencil
Yes don't be paintphobic.
i can never look at my pencil the same
Same! It's so amazing, right?
"If you wish to make an apple pie from scratch, you must first invent the universe."
-carl sagan
But God.....DID!!
@@JOHNch4.v.v.7to10 no
@@olivernell4283 ...yes.
1 In the beginning God created the heaven and the earth.
2 And the earth was without form, and void; and darkness was upon the face of the deep. And the Spirit of God moved upon the face of the waters.
3 And God said, Let there be light: and there was light.
4 And God saw the light, that it was good: and God divided the light from the darkness.
5 And God called the light Day, and the darkness he called Night. And the evening and the morning were the first day.
meanwhile kids at schools are snapping pencils by the minute for no reason lol
To be fair have you ever had the satisfaction of snapping a pencil?
That's why they are known as whipper snappers
Good example of how subsidies (here, by parents) cause waste.
Don't tell me u haven't done it
They are demonstrating the Broken Window economic fallacy...
"The art of simplicity is a puzzle of complexity."-Douglas Horton
Conclusion: Why central planning fails.
@anglekan Indeed. Housing costs are very location specific (space heterogeneity) but tend to be highest where rent controls and zoning regulations are most onerous. Healthcare costs are artificially high primarily due to barriers to entry (supply restrictions), demand that is artificially high due to lack of rationing by price, and the lack of incentives for cost control due to the continued growth of government spending for healthcare. These are all examples of the failure of state intervention/central planning.
@@thotslayer9914 Hmmm, another "market failure" claim...If you would please, give a specific example of this phenomenon, rather than simply claiming its existence, and that it was omitted.
I think the owner of the pencil factory might disagree with this conclusion. The owner of the factory buys the raw materials, designs the pencil and sets the price for its sale. This is central planning on a small scale.
@@thotslayer9914 Most companies have a majority shareholder who is the undisputed leader of the company. The leader of the company is advised by management but the final decision is usually made by the leader in a similar way to how a dictatorship operates.
@@savvageorge No. The owner would not disagree, because the owners decisions about raw materials, design, and especially price are only ever provisional, due to competition and the necessity of voluntarism in markets. For an asking price to have meaning, it must be made real by a consumer deciding that they would rather have the product than the asking price, and realizing a transction. Under Central Planning, the design, raw materials, production process, price, etc., are dictated by the 'plan,' and that's that.
The report is an amazing example of why free markets are necessary and important for the world to function.
This video has never been more relevant to current conditions.
I wish someone, ANYONE would POUND the
🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲...
TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who...
👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹
~ AND ~
👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹
👹 S•T•👹•L•E 👹
THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight)
from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED...
🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲
Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS.
🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You.
Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA.
Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children.
Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏
🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
@@Mama-Ames mucho texto
I love the bit that says "There is a fact that is still more astounding - The absence of a mastermind, of anyone dictating these countless actions that bring this pencil into being." Someone should remind Klaus Schwab and the WEF of this fundamental principle.
One of the simplest economics lessons I've seen in my 70+ years --it should be in every school. I offered to supply a copy for each of the 7th and 8th grade students in two private schools but neither accepted --one said it was" too sophistidated" and the other wouldn't even talk to me about it. Economics to most schools is not worthy subject matter. No wonder that our people are so ignorant of how the world works. it sure makes the career politicians job of conning the electorate much easier.
I have been using this in my class. Kids love it, they understand the circular flow of economic activity along with other important economic concepts.
I am not surprised George. It doesn't support the current agenda of the NEA and other teachers unions. Now...if you could somehow insert, race, gender identify, and pronouns into the conversation, or have it foster a positive light on being LGTBQ+, then the schools would gladly take you up on your offer. That is the sad state of education in the US today. Public education anyway.
are you still kicking old man?
i am am challenger school and this is a mandatory video we have to watch and write an essay on in our first level economics class honestly not the hardest thing i have done though it is really cool to think about the apsolute size of people that go behind the creating of most of the goods we use on a normal basis
hey which campus
@@jamesrobwebster
"In fact, the pencil's existence is so improbable that no person can comprehend it."
Me: looks at pencil
Me: cannot comprehend it
Me: head explodes
+.babel
"What a ridiculous ode to capitalism."
You're right. The fact that you're writing on a magic box that contains all human knowledge and lets you communicate instantly to people on the other side of the world in order to ignorantly bash the very system that coordinated its creation is a much better ode.
*****
Then why are you using that technology?
+manofsteal -posted from my Macbook Pro
+manofsteal please, go to the slums of India and preach the benefits of poverty. They're probably too kind to rip you to shreds, and that's a shame.
Except capitalism didn't coordinate the creation of the computer, the first computers were made for the military. But then again what would capitalism be if it couldn't steal credit for everything under the sun?
Bam31415
Really? What brand of computer do you own?
One of the best adaptations of I, Pencil I've seen. Amazing visuals as well.
This video could easily be as long as a movie...just by starting before the tree was cut!
I am first to admit I take alot for granted...God bless America and thank god I was born here !!!
What kind of people thumbs down a video like this? Are people that hateful towards education?
well thankfully its only 200 people out of 500,000
There are always dislikes on every video that has at least 100 views. Even if it's the best video in the world.
They're probably from keynesians and bernie sanders fanboys.
There is an underlying message you might be curious to look into.
Josh Lind why don't you educate me.
And at every juncture and phase of this complex web we've erected the roadblocks of regulations, liability and entitlements, thereby gumming-up the works.
And yet it still works fine… unless there's a pencil shortage I don't know about?
They are protecting the people that the web also seeks to serve. We must both expand our capabilities, without oversteps what can be done safely. Safely with regard to public health, economic stability, etc. We have to protect ourselves from the inherent self-interest of corporate entities.
Paul Rogers No but there are plenty of other shortages besides a pencil.
dude liabilities are good. It helps the workers, who are also the consumers, to not break their spinal cords, arms, and legs just because they're highly expendable.
I wish someone, ANYONE would POUND the
🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲...
TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who...
👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹
~ AND ~
👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹
👹 S•T•👹•L•E 👹
THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight)
from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED...
🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲
Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS.
🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You.
Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA.
Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children.
Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏
🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
“Give governments the management of the Sahara desert and you’ll soon run out of sand”
I wish someone, ANYONE would POUND the
🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲...
TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who...
👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹
~ AND ~
👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹
👹 S•T•👹•L•E 👹
THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight)
from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED...
🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲
Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS.
🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You.
Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA.
Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children.
Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏
🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
I am amazed to know how intricately the systems and efforts of millions of peoeple are involved in making a seemingly simple pencil. I am thankful to know this.
And in making the most free, most diverse, most productive, most wealthy, most generous country ever to have existed. But unfortunately, also the most ungrateful.
@@daylily32 why is "most diverse" in that list?
Should be mandated to be taught in all Middle and Highs schools....Economics doesn't have to be a dry topic as proven here.
Most "teachers" are idiots who have sold their SOUL to the LEFTIST-DEVIL !
I was told to watch this as part of my homework for DT
@@Bmboo_ DT? Design and Technology? Asking for a very old friend.
@@pjohnson179 yeah that's the subject, GCSE, well technically IGCSE but that's not the point, why?
@@Bmboo_ Thanks for your reply. I asked because I didn't know what "DT" meant until I did an online search, and I wanted to confirm your meaning. I also needed to search the meanings of GCSE and IGCSE. I'm an old guy who lives in the USA and I wasn't familiar with any of those. I presume you live in the UK?
I watch this from time to time, to remind myself why I follow my principles.
♥
I truly underestimated how much goes into making a simple pencil. This video was very fascinating!
Free Market Capitialism in a Global Market and Free Trade at its best.
Wow, what a little gem, thank you so much for sharing!
What! No Department of Pencils?? How shall we write things down? Who will fight for our right to pencils unless the government GUARENTEES full access to pencil technology. Geez. What's next? No Department of Love?
In Russia during Soviet times pencils were called coal.
I BELIEVE PENCILS SHOULD BE A BASIC HUMAN RIGHT!!!!11
Joe Postove Don't forget a Pencil Czar! We the People demand a Pencil Czar! :)
War of the pencils
+Joe Postove "Department of Love" like 1984
I love this. People need perspective sometimes; most people take everything in our comfortable modern world for granted and even despise it. We are the inheritors of a sophisticated web of human ingenuity and greatness. Bravo.
Remarkable economics lesson
Mike Maloney- thank you. Goose bumps from watching this!!! Shared on linked in.
Economics as art and poetry!
Adam Smith's "Invisible Hand" at work ...
Great video! Thank you to those who produced it! And, the billions of others who also helped if even unknowingly through voluntary interaction. :-)
"We Are Perishing For Want of Wonder, Not For Want of Wonders"
Spontaneous human cooperation and human ingenuity are both pretty incredible and worth admiring.
So great to see this video. I remember the first time I read the essay, and how much it opened my eyes to what we truly do as a community - a community with no real authority, just individuals pursuing their interests.
Great to see this!
This is an ode to FREEDOM.
I wish someone, ANYONE would POUND the
🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲...
TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who...
👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹
~ AND ~
👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹
👹 S•T•👹•L•E 👹
THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight)
from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED...
🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲
Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS.
🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You.
Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA.
Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children.
Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏
🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
@@Mama-Ames I want what you're smoking.
Make more movies like this, people enjoy a lot learning with such a high quality videos
One of the best movies out there! It’s surreal
A great video interpretation of I,Pencil
Older fish to two guppies “Hey kids, how is the water today?” One guppy asks the other, “what’s water?”
Great job! I hope more people watch this! Almost 1 million views as of 2021!
My Microeconomics professor asks me watch it, this is amazing!!
Life, Liberty, and Property bring great things.
Thanks Leonard Read.
Simply wonderful!
I had NO idea !!!!!!!!!! This is beautiful and awesome.
awesome video clip.
Did anyone else have their life changed by this?
+Brennan Becerra Well, looking at the global connectivity in this video, I thought of how the modern world is a house of cards, EMP, solar flare or computer virus...it would all come down faster than a house of cards. Time to think about prepping??? Seriously, my thoughts while watching were not about how wonderful the global product is but how fragile.
+Willaim Hall Did you miss the part about adaptation? Since the dawn of man, we have been constantly attacked by nature, forcing us to adapt and change how we choose to achieve a better world for ourselves. And how we adapt! We are healthier, wealthier and more comfortable than ever before because of our stubbornness and unwillingness to subdue ourselves to disaster. Human inter-connectivity has never been more robust.
+Brennan Becerra I figured out that everything we do is reliant upon each other a month ago.
Yes. I now live in a state of permanent euphoria.
Brings a tear to the eye
wonderful graphics! Inspiring message...
I love this video - it does an excellent job explaining the free market. :-) Thanks for providing this. :-)
The thought of how unintentionally complex our actions are is insain.
The thought of how unintentionally poor your spelling is is *insane*
Vivan Vasudeva The thought of how unintentionally poor your grammar is, is insane.
@@maso5057 yall need better hobbies then correcting errors made 4 years ago
my absolute favourite essay, it realy opened my eyes
I worked for Berol, formerly Eagle Pencil in the black lead department. Dirty job!
Iam here because of Mike Maloney, Thanks Mike, your a great man
Ha... so am I.
Stunning! I can't wait to show this to my high school economics class!
Ooops! They are undoubtedly teaching you centralized planning via Keynesianism and Modern Monetary Theory, both derived from Karl Marx. This video, though 100% empirically accurate, is kryptonite for them.
Edit: If you want to learn real economics, study the Austrian School. Their heads will explode since it has predicted the inevitable, and observable failures of Keynes and MMT, and they have no logically consistent rebuttals for the concepts put forth.
Haha, I just got this as homework to watch this movie for next economics class at the university :-D
@@EnFuegoDuo ... I have had to learn that stuff for ages in school and I already understand it, but surprisingly enough, I always had way too many pet peeves about the system. If software can be copied indefinetely, then why is it often so expensive. Even if the source code is worth $10000000 the infinite copies available to make plus the fact that selling a copy doesn't take away the source code would thus make the copies essentially worthless. But then practically, they will only sell a limited number, so it must be expensive. Law of diminishing returns vs. the austrian school of economics. ??? halp. also stop spreading the conspiracy theory that all schools are socialist. My school is anything but. They used to give out stoves when obama was elected because they thought he would ruin the nation. They also tell all the students about how bad keynesianism is. BTW keynes was older than marx, therefore your argument wouldnt work, as keynesianism is older than marxism.
Can you tell us a bit about your lesson? I'd like to use this in High School World Literature :)
@8235 The consumer is willing to pay X. Therefore, you put the price as X. Simple as that. If the consumer were only willing to pay 0.5X, then you charge 0.5X, for otherwise you get no money.
The amount of copies in existence don't matter, and the source code has no inherent value, only how much people are willing to pay for it.
Me at the beginning of the video: This isn’t mind blowing. I could make a pencil with all of the supplies. 😑🥱😒
Me by the ancestors part: WHAT!?!?!? Mind blown! I can’t even comprehend this! 😶😧🤯😱🤭🤔🧐🤨
Thank you for this video. All of the ANCESTORS who brought me here! 😉☺️👍🏻
best video ever, loved it
Pt 2 plz
This is one of the greatest videos I've ever seen to explain to ordinary people why markets are so incredible.
YOOO THATS THE MUSIC USED IN MINECRAFT
A simply beautiful film. Thank You!
You're welcome! Spread the word!
what a wild emotional rollercoaster
This video-essay and the study of economics (which I just started) changes the way we observe the world and should certainly affect our political views or voting preferences. Price controls, bankruptcy mitigation, endless government subsidization, and any form of socialism is both self-defeating and self destructive. It's no wonder the Bible says people suffer because of ignorance (Hosea 4:6).
Have a wonderful day if reading this!
You came here from a comment on Lew's video, didn't you. :)
+I3ULLETSTORM1 Yeah
+I3ULLETSTORM1 yes lol
I3ULLETSTORM1 Yep
ɷ I Have Watchedddd Thissss Moviee Leakedd Versionnnn Hereee : - t.co/RlKbv1hghK
I brought my pencil! Give me something to write on, man!
-- David Lee Roth
Wonderful! Beautiful graphics and a great way of telling the story of human cooperation. It is best to ignore those that are confounded by simple truth. So focus on a great story well told -- and don't argue about it. Most people, if they don't know, there's no way you can tell them.
I’m sorry, we shouldn’t take the pencil for GRANITE 😏🤷♀️
How many get the pun, was it very punny to you or do you like being LEAD by mechanical pencils ✏️
You better ERASE this comment before you REWRITRE history.
Please stop before I DRAW a gun and pull the trigger
I think you meant for GRAPHITE
😂
Beautiful
This is an amazing video and should be part of curriculum in the classroom.
Milton Friedman's use of the pencil as an analogy for the free market is the best 2 minutes in economics.
This is a great video, it really puts into perspective what level of cooperation we can come to on a global scale for a measly ten cents per pencil. They should note, however, pencils existed as far back as 1564. Modern pencils are more convenient but don't require this level of collaboration to function, Not to mention the voluntary use of the whip on workers to encourage quota allocation and deadlines in Chinese mines, voluntarily set by the plant manager, is part of the family tree too.
I never knew something so simple like a pencil has this behind it
This video is an awesome and simple explanation of what goes into a pencil!!
Amazing animation
Not as much an "ode" to "capitalism" as it is an ode to small government. And a darn good one.
I wish someone, ANYONE would POUND the
🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲...
TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who...
👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹
~ AND ~
👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹
👹 S•T•👹•L•E 👹
THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight)
from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED...
🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲
Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS.
🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You.
Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA.
Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children.
Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏
🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
i dont know how i got here but im glad i did :)
This is awesome!
An amazing video!
This is one of the best anarcho-capitalist films I have ever seen.
Except it isn't. Capitalism requires a system of property rights to be enforced by objective law not by roving gangs where the law of the jungle rules. It is an impossibility to have vast trade in an anarcho-capitalist society. It would always be small scale because trust would be lowered. It would be impossible for vast groups of people to come together and cooperate and agree how to settle disputes. That is why government is necessary. Assuming you want prosperity.
Fuck, ancaps are so dumb
Mark Mc What about private arbitration that both parties agree to use? And companies who are accredited by private rating agencies?
@@howcin "accredited by private rating agencies" Although private and voluntary, that would be a governing body.
Joke's on you, I only use pens.
have you tried laptops they work even better and you can just delete mistakes with ease
Unusual Child Cool people don't make mistakes.
gregheffly Real cool people turn their mistakes into a fucking bird or something just like Bob Ross.
Kaine Boyko
just add a bush over it.
Pens are tools of the socialists
Great video.
Beautiful.....
great movie!!!!!!!!!!
You tube actualización you tube
Sandra móvil.-6020024560
Dinkleberg would hate this video
Curse You Dinkleberg!!!
I love the way this paints the big picture of the world.
Also, I recognize this music from Minecraft's 2011 trailer!
I was so disappointed it took so long to see a comment noticing this…tho I guess it’s kinda fair given the quality of the actual information itself.
This is a rather clear and well presented definition of FREE MARKET CAPITALISM.
Perhaps we could send a copy to our "Emperor" and those that spend their lives focused on envy of the accomplished.
the beginning sounds like a apple add for the apple pencil
Mike Maloney brought me here. We need to end the fed!
Need to get Mike Maloney on Joe Rogan
I wish someone, ANYONE would POUND the
🙏 MORAL MEANING 🙏 of "I, PENCIL" into the ALLEGED "BRAINS" of the EVIL... C👹RRUPT... 💲👹ULLE💲💲... IMM👹RAL... DECEITFUL... MANIPULATIVE... TREA💲👹N👹U💲...
TRAIT👹R👹U💲... P👹WER-LU💲TING... THEIVING... C👹MMUNI💲T... MAR➖I💲T... DEM👹NIC🐀💲... and RIN👹 "Republican" DICTAT👹R💲 who...
👹 F•R•A•U•D•U•L•E•N•T•L•Y 👹
~ AND ~
👹 U•N•C•O•N•S•T•I•T•U•T•I•O•N•A•L•L•Y 👹
👹 S•T•👹•L•E 👹
THE N👹V. 3, 2020 "ELECTION" (riiiiiiiiiiight)
from 80+ MILLION 🇺🇲 Beautiful 🇺🇲 Freedom-Loving 🙏 God-Fearing 🙏 Law-Abiding 🇺🇲 Justice-Seeking 🇺🇲 Patriotic Citizens 🇺🇲 of OUR 💔 FORMERLY free 💔 FORMER Republic of OUR 💔 FORMERLY GREAT 💔🙏🇺🇲 FOREVER BELOVED...
🇺🇲🙏🇺🇲 United States of America. 🇺🇲🙏🇺🇲
Without OUR 🇺🇲 Freedom 🇺🇲 without OUR 🇺🇲 Constitutional Republic 🇺🇲... without OUR 🇺🇲 GREAT ❤ BELOVED 🙏 FREE U.S.A.🇺🇲... the people of the world will have nowhere to turn for FREEDOM, or for man's GOD-GIVEN RIGHT to 🙏 LIFE 🇺🇲 LIBERTY & the ❤ PURSUIT OF HAPPINESS.
🙏 And so I pray... if it be Thy Will dear Lord God, please have mercy on the lives & souls of ALL mankind. Yes... even on the lawless, imorral, soulless, corrupt, evil, demonic Dictators who FRAUDULENTLY STOLE OUR "ELECTION," who seek to destroy YOU Father, who seek to control & ultimately destroy "We The People" & OUR Sovereign nation that was founded in Your name & blessed by You.
Dear Lord God, Father Almighty, please bless, protect & have mercy on the lives & souls of ALL Your humble servants who... with the help of Your guiding hand... with every ounce of strength, courage & conviction... thru our words, deeds & abundant prayer, TRIED SO HARD to protect & preserve Justice, law & order, OUR Freedom, OUR Constitution, OUR God-given rights & HER... OUR great nation. OUR beloved USA.
Above all... I beseech Thee, dear, dear Heavenly Father... with the help of the Holy Spirit & all of the angels & Saints in Heaven... thru Thy saving Grace, Your guiding light & Your infinite love, power & mercy... please, please dear Lord... I implore you... please bless & protect my children.
Please dear merciful Lord God, help us. Please. Please help us. Amen.🙏
🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌🙏❤🇺🇲✌
@@Mama-Ames wtf bruh. Still on da copium?
Now that was worth my time.
Great video and great to see all the positive comments.
The fact that millions of people are needed to make a pencil doesnt really show that there are no limits to what we can accomplish
And i am only here because i have to watch this for school
Me too
Omg this process blows my mind
It is the best Movie ever and the Best Econ Lesson.
SO, Virus reactions with price setting and labor staying at home will be killing pencils?
Nope. Price setting and staying at home are the tools of the devil's minions (aka, the govt) used to take your freedoms away.
BTW, that "invisible hand" is God!! (aka, "How the U.S. of A. began....")
"And it shall come to pass, IF thou SHALT HEARKEN DILIGENTLY unto the voice of the Lord thy God, to observe and to do all his commandments which I command thee this day, that the Lord thy God WILL set thee on high above all nations of the earth:" - Deuteronomy chapter 28, verse 1 (written some 3,600 years ago)...read what follows from the same chapter :
2 And all these blessings shall come on thee, and overtake thee, IF thou shalt hearken unto the voice of the Lord thy God.
3 Blessed shalt thou be in the city, and blessed shalt thou be in the field.
4 Blessed shall be the fruit of thy body, and the fruit of thy ground, and the fruit of thy cattle, the increase of thy kine, and the flocks of thy sheep.
5 Blessed shall be thy basket and thy store.
6 Blessed shalt thou be when thou comest in, and blessed shalt thou be when thou goest out.
7 The Lord shall cause thine enemies that rise up against thee to be smitten before thy face: they shall come out against thee one way, and flee before thee seven ways.
8 The Lord shall command the blessing upon thee in thy storehouses, and in all that thou settest thine hand unto; and he shall bless thee in the land which the Lord thy God giveth thee.
9 The Lord shall establish thee an holy people unto himself, as he hath sworn unto thee, if thou shalt keep the commandments of the Lord thy God, and walk in his ways.
HOWEVER : (aka, "How the U.S. of A. is ending up.")
15 BUT it shall come to pass, IF thou WILT NOT HEARKEN unto the voice of the Lord thy God, to observe to do all his commandments and his statutes which I command thee this day; that all these curses SHALL come upon thee, and overtake thee:
16 Cursed shalt thou be in the city, and cursed shalt thou be in the field.
17 Cursed shall be thy basket and thy store.
18 Cursed shall be the fruit of thy body, and the fruit of thy land, the increase of thy kine, and the flocks of thy sheep.
19 Cursed shalt thou be when thou comest in, and cursed shalt thou be when thou goest out.
20 The Lord shall send upon thee cursing, vexation, and rebuke, in all that thou settest thine hand unto for to do, until thou be destroyed, and until thou perish quickly; because of the wickedness of thy doings, whereby thou hast forsaken me.
21 The Lord shall make the PESTILENCE cleave unto thee, until he have consumed thee from off the land, whither thou goest to possess it.
22 The Lord shall smite thee with a consumption, and with a fever, and with an inflammation, and with an extreme burning, and with the sword, and with blasting, and with mildew; and they shall pursue thee UNTIL THOU PERISH.
Notice how we have supply shortages? :)
Hillary Clinton said 'it takes a village'. I wonder if she was paraphrasing Leonard Read and Milton Friedman, and referring to free-market cooperation.
The people that disliked this, tell me why please?
Paul Krugman is proof that even if you have a Nobel Prize in economics, you can still believe the dumbest things in your own field of study.
im here because of my 8th grade economics class
ARE YOU A CHALLENGER KID
OMG HOW DID YOU KNOW WTF@@kayster323
If you watch this video you can take into account that this principle of not understanding everything behind the making of the pencil can be taken and applied to a bunch of things in life and how important it is to understand where something came from
The 3D parts of this are actually so cool, reminds me of BOF stuff
That’s why I didn’t become a geologist . I took everything for granite. Sorry
Nice one.
@@glennboyer2122 I dunno. Sounds a bit shaded to me. ✏️