👉If you missed Part 1, you can watch it here: ua-cam.com/video/dUe70h09xHs/v-deo.html 🥰Patreon: www.patreon.com/CallMeEzekiel ▶UA-cam Memberships: ua-cam.com/channels/nZ1r94_Ptz_1gN5VBnE0Mg.htmljoin ⭐SubscribeStar: www.subscribestar.com/CallMeEzekiel 🙏PayPal: www.paypal.com/donate?hosted_button_id=EAQPBZ8VHGFL6 📚Main sources: 🛢Breaking Rockefeller: The Incredible Story of the Ambitious Rivals Who Toppled an Oil Empire: amzn.to/3NokxM9 Note: As an Amazon Associate I earn from qualifying purchases. Crypto: 💸 🟠BTC: bc1qj2szqj0h0rj2zz5x0zdhr8fzrh85zmatwxht26 🔵ETH: 0x0344A4aF3eCe5F8E5C0f65FC4c7eB667bf31cD60 You can also watch us on... 👀 ❤Odysee: odysee.com/@CallMeEzekiel 💚Rumble: rumble.com/CallMeEzekiel
Great video and videos. I would highly suggest you lower the background music volume or even better get rid of it for most of the video. I find background music to be distracting and unnecessary. I firmly believe people want to hear you talk/get information and NOT hear generic background music.
Well, when one company holds monopoly over a sector of the economy, it no longer is a free market, so yeah, at that point you might as well let the government do what it wants to do
These videos don't even touch on the topic of how Standard Oil only existed in it's monopolistic form due to government protections in the first place. It is a complete and utter myth that lassiez faire/free market ever existed in the US. The US in the 20th century has been more free market than the 19th century, and that's really saying something.
@@NotKnafo obviously, since in vic2 what is "good" is dictated by the interests of an absolute monarch - the player. Of course total control would seem good for the one who has it.
So in short a monopoly will only fall to either a: Involving new capital B: Incometence of its management. A is not axiomatic, neither is B. My take from this is that monopolies are only prevented if the expansion of the market is faster than capital holders ability to consolidate.
I'd like to add two points. First is that you're forgetting about technology. Inevitably the monopoly will become obsolete. Second is that while neither A nor B are axiomatic, they're both very close to axiomatic. In regard to A, unless something horrible is going on like a civil war, economies nearly always expand. In regard to B, management will have to change as people retire and/or die. Each change in the management is another chance for incompetent leadership to take over. I hope this helps!
@@CallMeEzekiel Technological innovation, I think is covered under expanding markets. And so far experience indeed seems to suggest markets will keep expanding. On the point of bad leadership, I am not so certain. Most ventures nowadays have become sufficiently decentralised that "bad leadership" by a single person, or an aging board is less likely to harm them in a significant manner, and they are heavily incentivised to keep doing so. And this is just the purely logical points disregarding any ethical consideration.
This was a very interesting short serie, very intuitive and with great explanation. The educative side of this video is well synchronised with the banalisation of the Poland ball illustration
Alright I was kind of disappointed when you stopped making video game videos but now I know you make top tier history videos with music I like and dead memes I love I'm absolutely convinced you're one of the greatest youtubers ever
YEAH YEAH YEAH I'LL BE SO QUICK AS A FLASH AND I'LL BE YOUR HERO GAS GAS GAS I'M GONNA RUN AS A FLASH TONIGHT I'LL FIGHT TO BE THE WINNER YEAH YEAH YEAH I'M GONNA STEP ON THE GAS AND YOU'LL SEE THE BIG SHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW
I loved the video as I learnt a lot about how companies use strategy, but it basically comes all to the only way to break a company is to either force it into bankrupcy, which Shell and the Royal oil company failed to do, or ask the government to split the company.
Bear in mind that bankrupting the monopoly isn't the point. The point is to prove that it's possible to compete with a monopoly, thus removing its monopoly status and creating a more competitive market. All that bankrupting the monopoly would do is create a new monopoly. I hope this helps!
I've been missing these geopolitical polandballs videos on youtube ever since brain4breakfast entered the halls of Valhalla, and this is great! The only complaint i have is the music. It's not very diverse and doesn't really fit the video in my opinion. I'll be looking forward for more!
Standard didnt really crashed and burned, it was just divided into pieces due to antitrust. Some of the largest oil companies in the world right now are former part of standard
it's a good video but to make the conclusion that this is how you take down a monopoly in the free market is wrong in my opinion, because this does not take place in the free market and has more in common with imperialism and mercantilism than the free market, considering how much support all companies got from their government.
I feel creepy like I'm watching friends having a moment through binoculars... Well I hope the campaign was or is good. I'm guessing its a table top rpg campaign. Unless Cherry Coke is secretly a politician!
It was a great peroid in corporations history, but now when everyone realised that world itself lirally runs on oil most of countries decided to nationalize petrochemical industries to get monys and world influece like Russia
Wait a second, did your french countryball just say steam cars are good for the environment? If I'm not mistaken, steam engines run on coal, and according to Wikipedia they were less effective. Gasoline engines on the other side run on industrial waste, and if they were more effective, then that's also a plus. Imagine if a company today managed to turn food waste from super-markets into fuel, and somehow it also beat gasoline in terms of efficiency. Because from what I've heard, that's what gasoline was like to the late 19th, early 20th century. That said, if you can run the steam engine from something other than coal it could potentially be something. (EDIT) I should probably clarify that neither is good for the environment, but assuming motorized transport is a must then I'd probably go with petrol-gas over water-gas any day, assuming the numbers I read are correct and no other factors are at play.
This was a really interesting video and I found your whole dive into it really cool. I'm confused about the conclusion however. You say use government intervention how I feel mockingly. But in the title of Royal Shell I feel there is a contradiction. It was a company backed by the interests of the British and Dutch governments. These companies are connected to their home countries governments and often use governmental power to broker deals that were used to defeat standard. Such as the Dutch company using stock that could only be controlled by dutch citizens to prevent take over from standard. I'm confused how you can make the conclusion that the free market took down standard when the control of stock is limited from completely private stock to stock that can only be owned by one specific kind of citizen. The only way to even do something like this I believe is to use governmental legislation to limit who can buy certain stock. It seems to me that shell used both free market tactics and government intervention to limit standards growth. Maybe there is something I just dont understand however.
7:36 *And that is the ONLY reason Standart Oil monopoly was broke, because of government regulations, not free market.* Until the governmental regulations and the open public criticism, America was an oligarchy. And all those decades, the American people suffered from the unregulated HUGE monopolies. That's why economic Social reforms by the government need to be enacted in the market. AKA, Social-Democracy. That is absolutely not libertarianism. Without the government, Shell could've never enter the American market
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📚Main sources:
🛢Breaking Rockefeller: The Incredible Story of the Ambitious Rivals Who Toppled an Oil Empire: amzn.to/3NokxM9
Note: As an Amazon Associate I earn from qualifying purchases.
Crypto: 💸
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amazing video man im so glad i subbed
Great video and videos. I would highly suggest you lower the background music volume or even better get rid of it for most of the video. I find background music to be distracting and unnecessary. I firmly believe people want to hear you talk/get information and NOT hear generic background music.
The 1700’s - 1910’s is my favourite era of history to study. The sheer scale and quantity of worldwide shenanigans is a joy to read into
Especially that one shenanigan in Sarajevo in 1914
@@eastprussiaproductions no.
I hate to be that guy but... have you heard of Victoria 3?
That’s litterly 200 years
@@aart-janmoerkerke9981 correct
Initial D is how most educational videos should start
and end. Eurobeat rocks.
5. Use government.
Yeah... Very free market.
Well, when one company holds monopoly over a sector of the economy, it no longer is a free market, so yeah, at that point you might as well let the government do what it wants to do
These videos don't even touch on the topic of how Standard Oil only existed in it's monopolistic form due to government protections in the first place. It is a complete and utter myth that lassiez faire/free market ever existed in the US. The US in the 20th century has been more free market than the 19th century, and that's really saying something.
planned economy rules in vic2
@@NotKnafo obviously, since in vic2 what is "good" is dictated by the interests of an absolute monarch - the player. Of course total control would seem good for the one who has it.
@@freddy4603 in vic2 you more play as the nation not a character
This was probably the best video I never knew I needed
So, you’re now diversifying your assets...
He's going at it. Trying to beat the YT algorythm using these same tactics.
Let's see how this goes, shall we?
So in short a monopoly will only fall to either a:
Involving new capital
B:
Incometence of its management.
A is not axiomatic, neither is B.
My take from this is that monopolies are only prevented if the expansion of the market is faster than capital holders ability to consolidate.
I'd like to add two points. First is that you're forgetting about technology. Inevitably the monopoly will become obsolete.
Second is that while neither A nor B are axiomatic, they're both very close to axiomatic. In regard to A, unless something horrible is going on like a civil war, economies nearly always expand. In regard to B, management will have to change as people retire and/or die. Each change in the management is another chance for incompetent leadership to take over.
I hope this helps!
@@CallMeEzekiel Technological innovation, I think is covered under expanding markets. And so far experience indeed seems to suggest markets will keep expanding.
On the point of bad leadership, I am not so certain.
Most ventures nowadays have become sufficiently decentralised that "bad leadership" by a single person, or an aging board is less likely to harm them in a significant manner, and they are heavily incentivised to keep doing so.
And this is just the purely logical points disregarding any ethical consideration.
And if all else fails, just use the government!
@@np7736 yea to do nothing
@@ineednochannelyoutube5384 And also: If you have a monopoly, then wouldn't you just innovate yourself to keep your monopoly?
I've been searching for this kind of content FOR YEARS!
@@modernclassicalmusic8942 B4B is dead and Kraut isn't really that funny
@@bluelegocat7520 Not to mention that Trout and Tears' biggest contribution will forever remain the "academics, please respond" episode
@@bluelegocat7520 Legends never die
There's also "politics with paint." It's a nice channel too with geopolitics and most of all uses countryballs.
Yes
Gas gas gas......
*Negative Oil Prices Intensify*
Stalin visited hell in the Baku riots, and then went there for good in 1953
This was a very interesting short serie, very intuitive and with great explanation. The educative side of this video is well synchronised with the banalisation of the Poland ball illustration
Moral of the story, don’t fuck with the Rothchilds.
Alright I was kind of disappointed when you stopped making video game videos but now I know you make top tier history videos with music I like and dead memes I love I'm absolutely convinced you're one of the greatest youtubers ever
YEAH YEAH YEAH
I'LL BE SO QUICK AS A FLASH
AND I'LL BE YOUR HERO
GAS GAS GAS
I'M GONNA RUN AS A FLASH
TONIGHT I'LL FIGHT TO BE THE WINNER
YEAH YEAH YEAH
I'M GONNA STEP ON THE GAS
AND YOU'LL SEE THE BIG SHOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOOW
/Badass Guitar riff\
Props for using Yushi no Shingun, a song composed during the era, even if not that war.
its literally about the first sino-japanese war so it wouldve definetly been sung durring the russo japanese war
Very informative, would have never thought I would care about a subject like this. Love your channel!
I loved the video as I learnt a lot about how companies use strategy, but it basically comes all to the only way to break a company is to either force it into bankrupcy, which Shell and the Royal oil company failed to do, or ask the government to split the company.
Bear in mind that bankrupting the monopoly isn't the point. The point is to prove that it's possible to compete with a monopoly, thus removing its monopoly status and creating a more competitive market. All that bankrupting the monopoly would do is create a new monopoly.
I hope this helps!
@@CallMeEzekiel Ahn, thank you! That explains it indeed.
I've been missing these geopolitical polandballs videos on youtube ever since brain4breakfast entered the halls of Valhalla, and this is great! The only complaint i have is the music. It's not very diverse and doesn't really fit the video in my opinion. I'll be looking forward for more!
interesting that while Standard crashed and burned, Shell is still going all these years later...
Standard didnt really crashed and burned, it was just divided into pieces due to antitrust. Some of the largest oil companies in the world right now are former part of standard
5:17 that didn't age well
yes it did >:)
i just discovered u today and i've watched 3 videos and bought Victori 2 thx to u, u deserve a lot more subscriber
6:03 "It was bad" That is an understatement.
Netflix vs Blockbuster is probably the best modern example of new tech making old business models obsolete.
This has been ironic as I work for the Shell Company
The Yuki no Shingun song gave me Girls und Panzer Flashbacks
6:07 poland always getting screwed over by communists
0:35 new russian car for 2023?
I hope this won't be the end of the grand strategy games on this channel!
G E K O L O N I S E E R D
Ps: Oil is almost as good as spices
Majority shares held by Rothschilds...
Rule Britannia! Gekoloniseerd!
The transition to yuki no shingun tho
I don't know how but you made me feel bad for a multinational oil company. Probably the cute countryballs
This was fun! This and your video game explanations which are also entertaining on their own right earned you another sub! Keep the good work ^^
great videos, will you be making more of these?
That's the plan!
I like the book review
I know what I am gonna do in my freetime!
dutch oil go brrrrrrrrr
it's a good video but to make the conclusion that this is how you take down a monopoly in the free market is wrong in my opinion, because this does not take place in the free market and has more in common with imperialism and mercantilism than the free market, considering how much support all companies got from their government.
So it's closer to real life. Completely free laissez-faire markets don't exist.
4:51 what name is this song?
Yuki no Shingun
6:24 OMG HASAN PIKER
Make it so about all other so called "robber barrons"!!!
To destroy a monopoly....you create a monopoly?
HI EZEKIEL how you doin bro
I’m half asleep lmao
I'm tired too. Had to wake up early to release the video. Other than that, I hope everything is going well for you too.
@@CallMeEzekiel tired gang, us over on arcanus miss ya. im starting my first campaign soon !
That's great to hear. I hope you have fun with it!
I feel creepy like I'm watching friends having a moment through binoculars...
Well I hope the campaign was or is good. I'm guessing its a table top rpg campaign. Unless Cherry Coke is secretly a politician!
Japan attacked port auther after Russia threatened to declare war
nice series bro
Good video, thanks for making it
It was a great peroid in corporations history, but now when everyone realised that world itself lirally runs on oil most of countries decided to nationalize petrochemical industries to get monys and world influece like Russia
Brake \= Break
Wait a second, did your french countryball just say steam cars are good for the environment?
If I'm not mistaken, steam engines run on coal, and according to Wikipedia they were less effective.
Gasoline engines on the other side run on industrial waste, and if they were more effective, then that's also a plus.
Imagine if a company today managed to turn food waste from super-markets into fuel, and somehow it also beat gasoline in terms of efficiency. Because from what I've heard, that's what gasoline was like to the late 19th, early 20th century.
That said, if you can run the steam engine from something other than coal it could potentially be something.
(EDIT) I should probably clarify that neither is good for the environment, but assuming motorized transport is a must then I'd probably go with petrol-gas over water-gas any day, assuming the numbers I read are correct and no other factors are at play.
this video's great
I kinda just feel like it was only the goverment who took down standard oil
Very good
I like loves gas ⛽
This was a really interesting video and I found your whole dive into it really cool. I'm confused about the conclusion however. You say use government intervention how I feel mockingly. But in the title of Royal Shell I feel there is a contradiction. It was a company backed by the interests of the British and Dutch governments. These companies are connected to their home countries governments and often use governmental power to broker deals that were used to defeat standard. Such as the Dutch company using stock that could only be controlled by dutch citizens to prevent take over from standard. I'm confused how you can make the conclusion that the free market took down standard when the control of stock is limited from completely private stock to stock that can only be owned by one specific kind of citizen. The only way to even do something like this I believe is to use governmental legislation to limit who can buy certain stock. It seems to me that shell used both free market tactics and government intervention to limit standards growth. Maybe there is something I just dont understand however.
In Spain is repsol
When more people watch part 2...
Please make a dark hour how-to play video
Forgot part 6:
Have a 150 years plan
0.10 ww2 Germany in a nutshel
Rothschilds are our friends.
*happily eats burger
well in 1911 standerd oil desolved
7:36
*And that is the ONLY reason Standart Oil monopoly was broke, because of government regulations, not free market.*
Until the governmental regulations and the open public criticism, America was an oligarchy. And all those decades, the American people suffered from the unregulated HUGE monopolies.
That's why economic Social reforms by the government need to be enacted in the market. AKA, Social-Democracy.
That is absolutely not libertarianism.
Without the government, Shell could've never enter the American market
you deserve more likes
Within 69,300 views!
An affront to God's earth lol
Does anyone know the name of the Japanese song he used?
What even is this anime intro?
Haha 6 months later of this video, exon mobile is on its last legs
You sound like someone I know. Is your dad's name Phil?
Dude uncool
Knowing all this now, i can see why there was so much fuel for anti-semitism around.
GameStop also has a new means to ending monopolies. Meme stocks