Black Market Economics - What Drives the Underground Economy?

[@EconomicsExplained]

Video's on these slightly less monetization friendly topics would not be possible without our supporters on Patreon. If you want to keep seeing these "spicier" videos, please consider supporting the channel on Patreon 👉www.patreon.com/EconomicsExplained

[@astrumespanol]

If you make a video about bitcoin I could totally send you some bitcoin No I'm joking, I can only send you a couple Satoshis

[@being_sharan]

Thank you for this video. Previous videos were slightly boring and repetitive in my honest opinion.

[@AresErrantKnight]

Big thanks for stressing the correlation between energy and wealth. This is easily one of the least considered correlations.

[@pablooctaviano4190]

Is there going to be references to information sources like you used to give in videos before?

[@pocarisweet8336]

So your gonna call the cops on that black girl selling water bottles on the street? Lol

[@EconomicsExplained]

This was probably the wrong video to post 2 days after getting KZbin verified...

[@justdadoc9443]

👀

[@beckergrey]

Yeah, probably 🤔😏

[@mynameisatypo]

This "is" (Grammar nazi)

[@evenfate5906]

For entertainment this was the right video

[@Spider-Too-Too]

how do you get verified? and what does it do?

[@eoghan.5003]

The thing about doing business underground is you have a lot of overheads.

[@EconomicsExplained]

...

[@osere6432]

Take my like and get outta here

[@andrewcook1246]

People actually think the black market doesnt have taxes.

[@25usd94]

This is the post right here chief

[@heinuchung8680]

literally someone can have your head. If you think people do not kill for fake purses lol

[@jamiele]

I loved that sneaky reference to Half as Interesting stealing your Australia is a Company video

[@jamiele]

I’m a huge fan of Wendover and I’ve been following him for years. It was hugely disappointing realising how his content has really slipped and is more focused on revenue. I’m surprised he hasn’t even said anything about the video either. Edit: Wendover edited the first comment weeks ago and I didn’t realise. However I’m still not enjoying his content like his older videos.

[@jamiele]

Also incase you missed it! It comes up on screen during the part about intellectual property.

[@ianisoverparty]

@@jamiele i agree with that. i feel like he's just become much more focused on revenue rather than the quality of his content. i feel like he's become too clickbaity in the past few months/years.

[@MrMrMaran]

@@jamiele He responded to that, saying that he didn't know of Economics Explained's video. His viewers saw Economics Explained's video, then requested Wendover do a video on it. I'm guessing researching the topic, he came to much the same conclusions. I've seen this happen from time to time on KZbin.

[@EconomicsExplained]

It's all good fun, he puts a very unique spin on what he does so it appeals to a slightly different audience. I don't own the topics I explore, I was just having a bit of cheeky fun :)

[@pushing2throttles]

There's no way KZbin should demonotize this. It's in line with the themes of your entire channel, which I find educational and interesting.

[@EconomicsExplained]

ahh maybe they will, maybe they won't. Always live in fear of the mighty algorithm.

[@toastytoast9800]

KZbin demonitizes bc their are a certain small group of ppl who get overly offended by the smallest things

[@Miquelalalaa]

Toasty Toast They’re so powerful yet are not accountable to the people

[@triadwarfare]

@@toastytoast9800 of course, the reddit economists hate EE very much.

[@toastytoast9800]

@Joakim von Anka advertizers worry abt the backlash from ppl saying they have ads on "inapropriate content" which the media would capitalize on and make the company look bad

[@goldenboy0712]

Lemonade stand - “Unlicensed restaurant, utilizing child labor in a residential zone” lol way to destroy the innocence

[@piedpiper1172]

Kinder than the equally accurate “noisy viral vectors with inferior product”

[@chrisjager5370]

There's been various officials who valiently tried to enforce the law, but they were quickly put down by Big Lemonade's shadowy influence on basically everyone in the community.

[@beyondwhatisknown]

Technically the kid's an owner because they get the profit and aren't paid hourly. They set their own hours. They can close when it rains. They can rake it in if they choose the right location, wear the right cute clothes, give a winning smile, be persuasive, fine tune the lemonade recipe, put up more advertising. That's not labour.

[@andrewallen9993]

And if they add lots of sugar and allow it to ferment they can make a fortune if they don't pay tax!

[@tomasbeltran04050]

@@beyondwhatisknown self-employment?

[@akaviral5476]

Over the past few months, I've learned more about the economy of humanity from EE than from years of education. I love the Internet

[@EconomicsExplained]

Glad I was able to help :)

[@r-gart]

Do you feel you know enough to be able to distinguish the obvious social-democrat bias some of the "facts" he says, thought?

[@jackmorris303]

Well the earliest forms of writing we have discovered are clay tablets complaining about how one guy swindled his customers in a barter trade 11,000 years ago.

[@ia285]

@@r-gart let me guess, you're a self-described 'libertarian free market capitalist'?

[@acevaver5425]

@@r-gart Your spelling inadequacy is not helping your case.

[@pushkarlakhe13]

EE , are you trying to land a high paying job at HSBC ? Showcasing your understanding of black markets and illegal trade is probably a fast track way to land a job at HSBC

[@EconomicsExplained]

haha, please find my CV in the video description :P

[@NedJeffery]

@@EconomicsExplained seriously though, I would very much like to see a video on HSBC's money laundering. It should be a bigger detail than it is.

[@easygoingdude9990]

Speaking of illegal stuff the economics of corruption would make an interesting topic I think. Is that something you guys would consider? Thanks 🙂

[@ProWhitaker]

Agreed

[@Harshhaze]

Agree, but I'll probably maybe perhaps try them. Possibly

[@carlosandleon]

Corruption still puts money into circulation though

[@minihjalte]

If you donate to him he might

[@KuraIthys]

Sufficiently strong corruption simply leads to the laws being changed, making what was formerly corrupt now fully legal. XD

[@FingeringThings]

Probably the underground selling of silly bands in my elementary school

[@EconomicsExplained]

calm down Al Copone

[@rusitoexplorador]

Im intrigued in your Channel name

[@lordsiomai]

@Anonymous D?NGO ummm...

[@circa134]

Don’t worry he only flips them the bird

[@Gaswafers]

It's only child labor if you pay them, otherwise, it's "chores".

[@darkproject3368]

More like slavery

[@mikitz]

@@darkproject3368 It's slavery when you work for your upkeep (at most) forever on end and have no option of quitting. Kids are usually better off that slaves, in this respect.

[@fionafiona1146]

@@mikitz indentured servitude

[@acevaver5425]

@@fionafiona1146 Indentured servants don't have inheritances.

[@fionafiona1146]

@@acevaver5425 Indenture has been as short as a year (or as long as half the childrens live) and didn't preclude in heritance

[@aiartsev]

I live in Argentina, where most of the prices are tied to a black market dollar price. Would love you to make a video about this madness we call a country.

[@AntonWongVideo]

My best friends worked in the black market when they were teenagers... ...they were babysitters and landscapers but they never reported anything so TECHNICALLY black market

[@losttale1]

It's grey market, goods legal but regulated

[@fionafiona1146]

I will have to report this year for exceeding the tax bracket but have enough bills (mostly university) that I shouldn't owe anything (I do want to be listed as "employed" in hopes of getting anything when I retire in 50 years 😉).

[@ChilapaOfTheAmazons]

"black market" sounds so harsh and illegal I prefer *"informal economic",* seems much more friendly 😄

[@shorewall]

It's all about branding. :D

[@location-cognizantmissile9743]

Just found a new euphemism for when I buy drugs.

[@chaomatic5328]

@@shorewall CPGrey agrees! Arrrrg

[@tstcikhthyss]

They're actually two different things. Informal economy just means anything which is not registered/tracked, but black economy means activity that is specifically forbidden. If you have laws saying you don't have to register a business with revenue of less than $10,000 per year, for example, then not registering a lemonade stand would be part of the informal economy, but not the black economy.

[@tstcikhthyss]

@@리주민 Then your kid should be commended for his/her ability to pull a fast one on the authorities.

[@shudheshvelusamy7644]

Normal people when they see a lemonade stand: "Aww, how cute! I'm gonna get me some overpriced lemonade! Economists: Every day the black market grows stronger...

[@saiga12forme88]

It's getting scary out there, I've seen organized criminal black market hot spots popping up in our area all my life, they even advertise them all over the neighborhood. Their "Yard Sales" seem to have no bounds..... :)

[@devinmanderson]

@@saiga12forme88 try living in the semi rural areas of California outside the big cities, homeless camps, corner swap meets, and very professional but unliscensed food vendors from simple taco stand to full on bbq rigs...over regulation will always help drive the demand for "black" market goods.

[@andrewjgrimm]

Economics Explained: I'm gonna end this child's career.

[@Ronnie-Jones]

most forbidden documentary in history: archive.org/details/EUROPATheLastBattle

[@laharl2k]

Thats because you are paying for the cuteness of the kids, not the lemonade itself. Its like maid cafes or gas stations wih hot ladies in yoga pants. Just think about it, would you buy the lemonade if instead of kids it was a bald grown up man dresses like a little kid? the kids are basically exploiting your parental instincts

[@QuestionEverythingButWHY]

“Every society honors its live conformists and its dead troublemakers.” - Mignon McLaughlin

[@stevencooper4422]

"The black market is just the free market"

[@cameron9830]

On one hand, pirates murdered entire crews of innocent sailors. On the other hand, pirates were really cool.

[@ArawnOfAnnwn]

@@cameron9830 The real pirate life wasn't cool at all. The Hollywood version just skips out on (or cleans up) all the messy details. It was no jolly life of adventure.

[@cameron9830]

@@ArawnOfAnnwn I know what their lives were like. I recently read a great book called The Invisible Hook. I still think they're cool though.

[@ArawnOfAnnwn]

@@cameron9830 Well, "cool" is subjective, so okay. Fair enough.

[@o_o825]

Calling us your “American friends” when converting units is why you’re a better KZbinr than other condescending creators.

[@Elcapitaan5]

Does seem kinda condescending though (i'm an Aussie and that's how we condescend).

[@shinqqing5161]

The only time I ever heard someone used the word "foreign friends" was some Chinese official.

[@hal-lr8pw]

Taking a course on the Economics of Crime next semester! Thanks for the fantastic upload!!!!!

[@EconomicsExplained]

hope this gives you a head start :)

[@hal-lr8pw]

@@EconomicsExplained absolutely! Keep up the great work (:

[@francis_p]

What drives the underground economy ? _Well, mostly Italian food._

[@EconomicsExplained]

Why does everybody keep saying this? haha

[@francis_p]

@@EconomicsExplained It's a cliché, but there is truth. Italy still has to this day a semi-tolerance for underground transactions and labor that makes its european peers frown. Berlusconi even said he fully expected unemployed people to turn to the mafia for jobs.

[@iraklis115]

@@francis_p You don't know Greece

[@fionafiona1146]

In Germany its likely spit between that and Slavic foods because those communities are big enough to meddle in labor intensive activities while discriminated against and subject to cultural challenges (paperwork)... If the economy turns worse it might deversify.

[@giorgosandrigiannakis1375]

fun fact: 50% of Italy's market is black.

[@Sean.Vosler]

You underestimate my ability to overdose on fake yeezys

[@EconomicsExplained]

hey, don't let me hold you back

[@zaydansari4408]

Another great example is students bringing snacks to school and selling them “illegally” at a price lower than the school canteen/ cafeteria.

[@intelligencecube6752]

I did that :D

[@acevaver5425]

Another great example would be gambling with pokemon cards without taxes.

[@lindatisue733]

Schools shouldn't sell snacks for a profit. Other countries don't sell snacks, but have fruit and veg a available at breaks.

[@troygarza5720]

Young drug dealers in the making 😂. Hustling that sugar to the addicted

[@crazydog3307]

i was that kid in school lol

[@francisdrumz7893]

As an Economist, watching Economics Explained videos is like a religious person going to church because they love to hear the gospel... the content on this channel is amazing and very informative... THANK YOU very much, if I wasn't a broke intern I would have signed up to your patreon😂😂😂 but I'll keep liking all the videos you post 🇿🇲🇿🇲🇿🇲

[@TV-8-301]

As for the size of counterfeit goods market, I work in a thrift store and the great majority of luxury purses we get are fakes. We're not allowed to resell them

[@QuestionEverythingButWHY]

“We can judge our progress by the courage of our questions and the depth of our answers, our willingness to embrace what is true rather than what feels good.” ― Carl Sagan

[@caorusso4926]

Carl sagan was a fake genius, a actor

[@Inquiring]

hacker russo agreed

[@andrasfogarasi5014]

Please add something of substance instead of quoting people without context. No knows what you're trying to argue.

[@ArawnOfAnnwn]

@@andrasfogarasi5014 He's not trying to argue anything. He just drops random quotes under videos from popular channels all over YT in order to lure the curious into checking out his own channel.

[@chaomatic5328]

@@ArawnOfAnnwn Quick, downvote him!

[@JoelReid]

In Australia during Covid19 restricitons liquor stores were placed in the categories of essential services... likely to avoid a new black market starting up (and thus wiping out potential tax revenue). This is a fascinating example of government control of a market.

[@sdarkpaladin]

Cops: "So. How'd you manage to do all these shady activities?" Me: "So. There's this KZbin channel..."

[@alexnoman1498]

You'd rat him out? Oi, we might keep this going for a while if everyone does their part! :D

[@SuperSmashDolls]

One thing you might not have thought of: because copyrights and patents confer monopoly rights, their pricing models are inherently artificial. You discussed them as a form of price floor (protecting creator profits as a right), but they can also act as a price ceiling. In fact, many large publishers are known to deliberately undersupply their own exclusive markets in order to increase the perceived value of their works.

[@Jim-xo5iu]

Last time I was this early "black market" meant something completely different

[@EconomicsExplained]

ohhh. noo....

[@captaindiego228]

😂😂😂😭

[@joshuajoe1419]

Does this count as R/CursedComments

[@KoreyThatcher]

😆

[@crazydog3307]

XD

[@vytorbrb3568]

there is no better place to acquire knowledge, on how to start a shaddow organization then your channel thx from latin-america my australian friend.

[@TravisThompson]

Would love to see a video on MMT, just finished the book "The Deficit Myth", find it fascinating. I just started supporting you on Patreon too, keep up the good work!

[@WineZ22]

Ahh yes. The next time some kids open a lemondae stand, police will come and arrest the parents. Child labor and unregistered business without government approval 😂 As always. Good video.

[@therandomchannel8880]

Economics explained: guns are illegal Americans have left the chat

[@hung-upear2659]

They are not the only ones

[@tstcikhthyss]

Not all Americans, just the ones in the US.

[@dragonstormdipro1013]

US has illegal guns lol

[@robinsss]

@MothScowl the best way to combat black markets is to first stop remove things on the list of tightly restricted list that logically shouldn't be there legalize any transaction that only involves consenting adults that would remove all drugs, prostitution , guns, and body parts then enforce laws on counterfeit or stolen items

[@robinsss]

@Billary Clinton are these bans constitutional?

[@graham1034]

This reminds me of a project in my economics class in high school. We had to create a plan for a hypothetical business. I chose a lemonade stand (because lazy) and figuring out the regulations / permits was the toughest part. IIRC it ended up basically being a food cart that used regular tap water and discount lemonade juice powder.

[@Bluebanana2121_]

Ah, the black market. I shop there often

[@EconomicsExplained]

just off the I5 right?

[@Bluebanana2121_]

@@EconomicsExplained Yep! Nice place.

[@andrewjgrimm]

Naran Tuul, Ulaanbaatar, Mongolia. Literally translates to "Black market".

[@koekiejam18]

Amazing video, the example of Tax-free cigarettes is absolutely spot on, i used to buy tax-free cigarettes at sketchy night shops where they would cost about a third of what the regulated supermarkets would ask. Oh and you could buy them at like 15 years old with no questions asked

[@economicsinaction]

EE: The underground economy Italy: *hold my birra* 🍺

[@iraklis115]

Greece laughs too. At least 50% of the total economy is unregistered.

[@Randomguydrm]

Agorists need New pants

[@hendrikdependrik1891]

Netherlands: The black market is just illegal. Except during King's birthday. Then it's fine!

[@giorgosandrigiannakis1375]

@@iraklis115 So is Italy's because we have pretty much the same taxes.

[@Yuuzer_]

I understand now. While we were studyimg economics in highschool. My teacher was talking about the "informal sector" and how they're not contributing to GDP. She was talking about the black market! Great video!

[@armchairwarrior963]

You're getting into Jake Tran's youtube territory :p. He does videos on mostly illegal money related stuff lol. From money laundry to drugs to guns to all sorts of stuff, might get you youtube/cops etc...

[@bionmccool]

He talks about how they work from the perspective of an average Joe (inherit politics, social impact, history etc.) Here we have a focus on solely economic aspects. Jake's content is still really cool.

[@EconomicsExplained]

@@bionmccool to further this point, we actually talk quite a bit and liaise on each others video's, top-notch guy that Jake!

[@michaelpattemore5273]

You should make a video on the economy of Poland.

[@EconomicsExplained]

It's on the plan soon :)

[@heavywater6350]

Man, if I could go back to college, I'd LOVE to become an economist. This field of study is just too interesting, and you basically analyze numbers that lead you to the conclusion that humans are insane.

[@hirwaissa6643]

When are we going to get the economics of stock footage?

[@normcameron2316]

Thank you for the videos. I'm pushing a late and poor retirement. I have spent my life working and trying to understand Economics/government/taxation/business. I couldn't afford to go to College and get an Economics degree, but you have given me much insight into how the system works. This video is a prime example why some people want you demonetized . Black Market, Rich People, Educations system, Government. You are publishing stuff to the common people who wouldn't otherwise be allowed to know this stuff. Thank you.

[@joaofonseca8337]

hi! amazing video as always i'd love to see you talking about the economics with the universal basic income. where would it work and how?

[@paultowns]

Yes thank you patrions I can’t afford to help this Chanel out financially but I do subscribe and give EVERY video I watch a like so that others can see it. I’ve been following this channel for a year now and I’ve fact checked loads of things they have been saying and it aaaaalll checks out. I am from south Texas U.S.A. And I thoroughly enjoy the accuracy of this channel. Keep it going fellas and sorry I can’t contribute. Economists explained is the best!!!!!!!

[@KeithMetoyer]

So the black economy needs to become more energy efficient to avoid being detected by economist, NOTED!

[@giorgosandrigiannakis1375]

If we autonomize our house, noone can measure our energy output.

[@fuge74]

honestly I think this is important for economist to know and understand it explains grey markets and taxation philosophy and how the market interacts with regulatory control. it also highlights good and bad economic policies. wish I learned this when I was younger.

[@Matt-eq5ft]

So when are you going do the economic ranking of the economies you've already covered?

[@EconomicsExplained]

soon (when I stop being lazy)

[@IOUaUsername]

Grey markets (in cars, mobile phones etc) would be a very interesting video. DVD region codes, import restrictions, different 4G frequencies could all be referenced.

[@adrimacia5027]

It would be great if you do economics of Spain. Love your vids !

[@EconomicsExplained]

I will! It should be soon actually!

[@adrimacia5027]

Economics Explained thx

[@JD-ub5ic]

I had a friend who was paid under the table, except he didnt realize it at the time (he was young and didnt know all the detaiks of w2's and such). The company he worked for had him basically listed as a contractor, when he was most certainly an employee. It made a big difference when he had an accident at work that resulted in huge medical bills. Contractors keep their own medical insurance, employees are insured (at work) by their employer, which means their trying to save on taxes meant he was on the hook for his uninsured medical bills (much less time lost, suffering, etc etc). He had to call the state labor board and a whole bunch of stuff, and I dont think he ever got his bills fully paid for. Even middle class workers can be absolutely screwed by participating (in this case unknowingly) in a black market. Sometimes its important to remember why governments involved in some of these things, and be aware of the additional risk.

[@yanikq]

Economics explained takes a turn down the silk road...

[@EconomicsExplained]

oh boy I wonder what we are going to find.

[@shorewall]

"It's Always Sunny in Philadelphia" music plays.

[@s.thomasfreebourn3207]

how does this video not have millions of view? best financial not-advice yet!!!! I think I'm gonna open ahhhh.... "lemonade stand"!!!!.

[@chefnyc]

Where is the rating of black market economy? 😃 Size:8, GDP:5, Stability:3, Growth:10, Industry: 9 😏

[@mennovanlavieren3885]

As I'm not a fan of most government interventions in the markets, a study on the negative effects of overly presumptuous governments would be really interesting. (Perfectly explained in the gas price ceiling example.) Some regulation is quite self-evident and a well functioning court system to enforce contracts and rights is also very important for a healthy economy. But what about other topics? For example price fixing is usually understood to be bad. But how about IP. There was an interesting study about how the progress on the development of steam engines had stagnated during the enforcement of James Watts patent. Our current IP system is not so self-evident as IP laws are also used to protect markets from new comers. The software industry (where I work in) is highly innovative because IP rights are hard to enforce. What about aviation regulations that have stifled any new development there. What about Job protection laws that slow down labor mobility. What about the tax gap that makes it twice as expensive to hire someone than to do something yourself like construction or gardening. Which makes the allocation of labor inefficient. And there are likely more areas where regulation is counter productive in the long run and where the government should just stay clear from. However these are also areas with no easy answers.

[@thastayapongsak4422]

I buy my food from the black market everyday (aka street food). Thailand's black market is half the size of the country's GDP.

[@caorusso4926]

I buy almost everything form the black market, never have payed for music. After you have the right connection you can buy anything cheaper that legal, TV, smartphone, food, water, energy, gas, etc. Is simply not worthy to pay more if is possible to pay less.

[@metalcake2288]

Wow this was a great video. Thanks EE. You're the only KZbinr I can never get tired of.

[@danielw7889]

1:28 he says that the video is definitely gonna get demonetized. Me: gets like four ads in the video.

[@daddyteddy85]

Your channel is AMAZING!!

[@EconomicsExplained]

Glad you think so! It's always great to hear support like this.

[@johannes4123]

"Now I would never tell you to enter the black market, but I can teach you how to do it if you absolutely need to"

[@DJUwU]

*Political and Economic leaders of the world need to take note of this video*

[@JoJo-xp6wr]

1:27 I thought you would say: "our friends over at the Delgado cartel from colombia"

[@Ukrainianification]

Best channel I discovered in 2020

[@glimpsee7941]

Since lockdown 4 months ago, cigarettes have been illegal in South Africa. You can still get a hold of them via the black market, only their price has doubled. Illegalising them only gave the entire cigarette market over to the already well established drug market. Making something illegal means the government doesn't want to tax it. Consider who is getting that additional untaxed income and why your government doesn't want to tax them.

[@EconomicsExplained]

I did not know that, thanks for pointing it out!

[@mattbowdenuh]

Some regulations create grey or black markets. My work is in a grey area. I am an insurance adjuster, fine that's legal. I am subcontracted by roofing contractors to supplement insurance claims, not illegal but not really the accepted way of business. A contractor can send an estimate to an insurance company, if it is more the insurance company can supplement the claim for differences between the estimate and the original claim, legal and common. A public adjuster is a usually connected with a lawyer to force an insurance company to settle a claim or even sue on behalf of a homeowner, legal and uncommon. What I do is the grey area in between and isn't illegal but isn't really fully accepted either. An example of how regulations in one area can create a grey or black market.

[@JR-bc4rn]

Do a 'Economics of owning an Electric car VS Economics of owning a Gas car' Video 🔥🔥

[@theone9273]

The difference between the price floor in supply and demand is technically a shortage but contrary to what you said earlier in the video is also an enormous opportunity for legal innovation. Unsatisfied or unrecognized demand is the greatest motivation for innovation. In the example of gas supply and demand that would give something that would otherwise have an unsustainable price model a chance at economics of scale.

[@Avaricumstudios]

Says underground economy : *shows us overhead view of city*

[@andrewjgrimm]

You touched on cash in hand labour in this video. Have you done any videos on the economics of wages?

[@provolone5336]

Agorism was here Edit: im Gonna put this video on the black market

[@shannahan7]

*this joke was made by the countereconomics gang*

[@JumpingCats78]

Free the ads! let this man make money sharing educational videos!

[@carbonosilicio1741]

EE, it says “Enteprise” on the ‘video image’

[@EconomicsExplained]

oh ooops, let me fix that up haha.

[@Xanthopathy]

the word you're looking for is thumbnail

[@zachjollimore4339]

Love the jab at Wendover productions. XD Turns out friendly banter is alive and well it seems

[@firearmsstudent]

Pretty sure it is legal to buy, sell and own guns in the US. It's legal too in Australia... you just don't have the same level of access to the same types as the US.

[@lindatisue733]

In the 1990's S. Korea had really strict food import laws. Used to buy cheese, BBQ sauce, and dill pickles on the black market. Anybody else remember "The Red Door " in Itaewon?

[@jontheb123]

"ill-gotten kidneys" 🤣 🤣 🤣

[@youxkio]

3:57 Subtlety= Intellectual property+smooth presentation of Mao's picture in some watches.

[@stefan6347]

Breaking News: EE found dead on his apartment under mysterious circumstances. The police are investigating. Security footage shows men in black clothes entering the apartment.

[@TheRovingPunster]

It has ultimately been deemed a suicide.

[@andrasfogarasi5014]

Breaking News: EE found dead in apartment, presumed suicide. The police have already closed investigation. Security footage wiped in freak accident.

[@gunswinger3110]

EE found dead by 5 shots to the back of the head, cause of death deemed to suicide.

[@Carlis040]

Did he have information on Killary?

[@cbyrne08]

Google should not be demonitizing videos such ad these. Its just a reasonable discussion about the black market.

[@duo496]

Economics of war crimes

[@johanandhira5429]

Does skipping a duolingo lesson a war crime?

[@alessandropaleologo1534]

@@johanandhira5429 More like Duolingo commits one if you do

[@LowestofheDead]

The military industrial complex

[@crazydog3307]

its pure prophet :D

[@tylerhackner9731]

Interesting video to post with KZbin notifications on at just the right time. 🤔👀

[@thedoruk6324]

I Just want to know how much one indivudual has to pay for buying an actually *complete* Spinosaurus Aegypticus skeleton and a Snek Naga girl -slave- servant(!)

[@vikaskalsariya9425]

around 600k~ish.* (Source = joe)

[@adityasm1327]

tq for showing me my trade's ups and downs,my threats and my ways to climb up to the top.i ❤ EE.(jkjk ppl,dont sue me)

[@haslan4885]

"local kidney dealer" lol

[@bananabender9829]

About taxes. In Australia, the tax code just says that you have carry on a business or employment ( if it is just a hobby you don't have to pay tax ). Whether it is illegal or not, does not matter. Good old government want their share of everything.

[@manofcultura]

If you’re brave enough how about tackling the semi-black market known as offshore banking.

[@dollardelights8953]

Energy output to gdp ratios 2019: Us: 9024 kj/dollar China: 72355 kj/dollar

[@lilaciscursed7847]

You didn't even mention red, pink, or grey markets

[@abdallahsmith1985]

You should do a video on informal sector in developing countries

[@alisterfabian9991]

Last time I was this early,North Korea was doing well

[@darthrevan2961]

Boomer

[@BaphomentIsAwsome666]

I think the most interesting things about these videos are the stock clips used, I find it funny that people record really obscure situations used in your videos.

[@oneof3258]

Remember Stay in school kids Oh wait you cant

[@andrewblake2254]

I think a much deeper dive into all aspects of the black and grey economy is warranted. Given that government is over regulating almost everything and that a lot of the regulations are to protect dominant market players ie rent seeking, we need to have a much better look at the positive and negative effects. Also judgement as to what is positive and negative will depend very much on one's personality, culture and economic situation. So this all needs looking at which the MSM won't do.

[@nikimaslarski2805]

I really like how you defined Rolex as Plain Looking Watches :D But I do agree

[@belfigue]

Jeez, you gotta love this channel because of its dark humor haha!!

[@kabeloserage9300]

a really good example i observed is what happened in south africa during the pandemic. During our lockdown, the sale of alcohol and cigarets was banned. and that caused an underground alcohol black market.

[@quavious2940]

😭My KZbin notifications started working at just the right time

[@Patrick-sz7uk]

Great video, but when your showing the graph you should take out the hexagons in the background, the graph is a bit hard to see with them there

[@zen123w]

im surprised that online black markets were not even mentioned. But great video over all

[@TokitoTheMan]

Educational videos like these should be subtitled

[@shutup-gc2yk]

Hey, great video! How about a video on the economy of North Korea's MASSIVE black market?