This is in the ‘plus some’ category of the blog. As an economist seeing the below advertisement was interesting when I saw it on TV, its actually banned by certain networks for being too controversial. Coming from a mainly Austrian Economics points of view the US path of government spending, and trying to be everywhere at once while getting deeper in debt, will have its consequences in the near future.
The founding fathers stressed on having a non-intrusive government, with the people going about their business and the government not being too involved in everyones affairs (a lesson learnt from the British rulers). The rate of government policies that are expanding their influence is unbelievable.
People of course always point out to Wall Streets greed as they have done in the past, however, that in it self was caused by various factors that led up to it, which was induced by earlier government policies. There are various blogs by great professors that talk about these issues such as Cafe Hayek and Marginal Revolution. Both these blogs have great insights with unique ways of communicating ideas and they are great professors.
Regarding the video, it gets it point across however, the tone near the end where the Chinese are laughing undermines the whole objectivity of the video. The point that should be made is simply that government expansion has been increasing, and as they try to solve various issues by getting into the private sector, the economy as a whole will get less efficient due to the inefficiencies governments bring.
The Nokia Ecosystem 