What a crock of BS. These stuoid hipocrites are going to run the world to the ground if we let them.

46:20 here it comes...

Yess, thank you for making the book open access!

Today is the age of State capitalism. Neo- Liberalism is dead.

Fantastic presentation.

Thank you for making the book open access! Books like this, if they are available in the global south, are usually prohibitively expensive.

Sounds like business as usual.

How to prevent companies from fraudulent reports, as they would have financial incentives to do so? Markets don't work even when they aren't entirely fraudulent, as the Enron 2001 case shows. This leads to another question: why expecting markets to solve climate and inequality problems when they had decades to tackle it?

50:05 how's Xi's approach to climate change unclear when China has the highest green energy investment as a percentage of GDP? Is US approach "clear"? And what exactly did you mean when you stated that "they don't want to be periphery anymore"? As Brazilian I am glad that the Global South is shifting away from the unipolar system led by US to a multipolar system. As a final note, I'd add that the Global South is making changes in the international system that the US and EU didn't, creating institutions at which countries have equal power such as BRICs. No veto power bullshit. The world will be a better place when US and EU participate in the international system with equality, not dominance. Most world's problems are due to US and EU, starting with Neoliberalism itself.

Green photons are "washed off leaves" the energy is not participating in the functional synthesis of sugars and fixing carbon. Ironic. If you look at the problem of de-greening of Africa by Saharan Desertification, a business as usual, deliberate ignorance policy of fighting wars over a vanishing living resource summed up the global fossil fuels industries approach The people who are watching events on location are either dying near the oilf fields of dessercration and destruction, or where possible, digging pits to catch water and plant regenerative seeds to sustain life, with direct success, no intervention of capital financial greenwashing hypocrisy required. Everything you need to know with only eyes and ears to look,listen, hear, and see what absolute bullshit is being fed to Students as deliberate blinding of their sense-in-common.

Genuinely don’t understand why China is on that first slide…? They’re like, poster child of whatever the OPPOSITE of neoliberalism is

How do private debt and public debt both go to make up the money supply? It is a debt based monetary system, if there is no debt there is no money. Japan was left facing a Great Depression in 1991. Japan learnt the lessons of the Great Depression. Richard Koo shows the US money supply / banking system (8.30 - 13 mins) around the Great Depression: kzbin.info/www/bejne/boq3qn2wos57fc0 1) 1929 before the crash - June 1929 2) The Great Depression before the New Deal - June 1933 3) During the New Deal - June 1936 The money supply ≈ public debt + private debt The “private debt” component was going down with banks going bust and deleveraging from a debt fuelled boom causing debt deflation (a shrinking money supply). Debt repayments to banks destroy money. It was the public borrowing and spending of the New Deal that helped the economy recover. The money supply ≈ public debt + private debt The New Deal restored the money supply by increasing the “public debt” component of the money supply. Once the New Deal was working, they reduced Government borrowing and plunged the nation back into recession again. It was enormous public borrowing and spending of WW2 that sorted it out. The Japanese applied fiscal stimulus after their financial crisis. Things improved, so they cut Government borrowing and spending. Things got worse again. They increased Government borrowing and spending. Things improved. They went round this loop a few times Eventually Richard Koo worked out what was happening. Public borrowing and spending has to be maintained to compensate for the money being destroyed in debt repayments to banks. When you have let excessive levels of private debt build up in your economy, debt deflation can easily take hold as debt repayments to banks destroy money.

These are the best videos for compiling and making full sense of what, admittedly, is a highly complex issue. These lectures are so important, that I saved and downloaded them, and will continue to study them in order to better explain to others how we got to where we are today, in late 2024, with the re-election of Donald Trump

She’s fired Trump 24😂😂😂

Very well laid out video

"Economic inequality" has always been a thing, and always will be. There's no solving that.

who's here from a college gov class?

At the end of the day, money and power ALWAYS ends up in the hands of the few - no matter what political philosophy is doing the puppeteering.

Very Social, without any ist-ism b-s. IMHO.

How serious economist buy into austerity i will never understand.It is just putting gas on an impending collison.

The Ancient World understanding of Actuality kept in mind memory associations knew how ephemeral knowledge was, requiring constant Socratic Method reiteration, therefore all records are "wrong" as positioning in the center of relative-timing resonance projection-drawing the instant they are uttered.

Money held in reserves is usually a stagnant purpose, very prone to rot and decay, couldn't agree more! If MMT Provisioning strategies have done any good, it is to renew our recognition of the original Calendaring form following functional necessity In-form-ation substantiation, ie now we can have a parallel POV couched in QM-TIME Completeness Actuality holography-quantization nucleation terminology and reduce outdated jargon fitted to raw agricultural requirements that can all be reactivated in digital duplicates and continuously reiterated.

The idea of Empire taught to Australian school children was one of obligations to oaths to flag and country, because the example of David Livingston in the religious Colonisation of everyone to stop the objectification of human beings who could enslave anyone not on the menue that day. This POV is painted over by the Denialist behaviour of the Super Predatory animals stalking their victims. My scot-irish ancestors were quite emphatic about not trusting "government" promises.., and reading the history of humanity is obviously essential to actually making sense of WYSIWYG pseudo random chaos.

From the outset, being an individual citizen of the Commwealth of after-empire nations, ie what David Greaber might say is a fractal component of the Anarchic tyranny of individualised opinions, the question of what wealth is, is it a store of potential depending of how the issurer of the money medium define a contract, or is there a default logic self-defining value as in Gold-Silver Rules of Mathemagical Thought Experimentalist's morality? Mariana and Stephanie?

The man is a bad faith actor who makes a pretentious argument, safe in the knowledge he will receive no pushback from impressionable students. He calls liberalism two-faced, while not recognising the diverging promises of robust state action (freedom, perhaps from consequence, for the majority constituency of neo-plebeians, and oppression/expropriation for the entrepreneurial minority). Then he glosses over the laughable assertion that Keynes is the key intellect (no mention of Hayek or Friedman), despite the obvious consequences of unbridled Keynesianism in monetary policy (this post-Covid stagflation spike didn’t invent itself…). Shameful to see chumps like this get any audience, even at a C-tier university 😊

If you watch Stephanie Kelton's very recent interview on Novara Media (on their KZbin channel) she talks about how to frame tax - i agree that this frame is improving. Vested interest is everything - and the corporate media are the propoganda arm. We must thank the activists who are so brave to go up against this vested interest, and make more effort ourselves even if it does make conversations difficult!!!

I'm in the fortunate position of having watched the film. I'm also a physicist by training which means one changes opinions and beliefs when new evidence is found. MMT provides a clear understanding of macro economics within a fiat-currency based economy and the basis is fact and not shrouded and complicated by in economic jargon. This film should be mandatory watching for all students of economics and we should start by getting this into the Public Schools from where many of the government leaders learn the basics. The 3 learned persons, amongst others, that have helped me understand macro economics and realise the brain washing that's been part of the UK media, educational and political establishments are; Prof. Stephanie Kelton, Prof. Mariana Mazzocato and Prof, Richard Murphy; look them up on youtube and be enlightened. I recognise their courage and that of others who are prepared tell the truth. Galileo Galilei died under house arrest because he believed the earth was not the center of the universe. I'm not sure which is worse, house arrest or Siberia.

1:07:32 - 1:10:20 We need to throw off the zombie ideology of market fundamentalism and rediscover democracies' proper moral and social content --- humanistic solidarity, pursuing policies that build the power and voice of citizens and diminish the power of oligarchs and plutocrats

1:03:44 -1: 06:55 IF the only choice is between a neoliberal and an authoritarian government we are in trouble because historically in this situation the public has chosen an authoritarian and authoritarians aren't doing anything about climate change. We need a third option.

Great conversation. Good to see that Zack Polanski understands the MMT macro lens. I wonder if the wider Green Party leadership (Carla and Adrian) properly gets it too. I absolutely believe there is more these types of politicians can be doing when they get on the media. Use of language is key, for instance swap "tax-payer's money" for "public money". And even make the point that the "national debt" can simultaneously be viewed is our "financial wealth". I can appreciate how difficult it must be with how deepy bad and economically ill-informed our journalist classes are but taking every opportunity to try and shift the framing is crucial I think.

This was a lot of fun to chair. Keen to see the comments on here.

Quesnay was called in his time "the Confucius" of France, because it was know that all his ideas about economics and society were modeled on China. First, he worked with Mirabeau (the junior partner). Then many years later, duPont joined the school. There were many other people involved by then. Quesnay died the same year as Louis XV... 1774. In the late 1760's, they exchanged many ideas with Ben Franklin. Manuela Albertone has written a great book about this in National Identity and the Agrarian Republic.

Reading a lot of comments, I learn a lot more from them than from Damon. But I was pleasantly surprised that most people on this forum are not fooled by his eloquence. The problem is not shades of capitalism but the whole spectrum of it. But he won't agree. So he keeps us busy while the caravan moves on. In one very American assertion, he discards Russians, Chinese and other countries and calls their leaders authoritarian. This implies that those countries systems should be dismantled. The list of undesirable leaders could as well been prepared by Thatcher, Reagan, Bush. They could not have had better partners. He is the kind that keeps the system running by providing false critique. But the guy cannot see himself as such.

Damon Silver is confused with neoliberalism and Liberal Democracy (Liberal Hegemony) even though the players between both had significant overlap, but there are miles apart in politics and how economy is organised. Neoliberalism (key figures: Margaret Thatcher, Donald Reagan and Milton Friedman) which is political economy of market fundamentalists which believed government had little role in organising the economy of the nation. Borderless world, free trade and prominant private sector as the main player in economies are key features of the neoliberalism. Govermnet had minimal role. The neoliberaisim believes the the marketis guided by the invisible hand of market which would ensure production and resources will be allocated efficiently, Such approach had failed since 1970s because it cause worsening income inequality, boon-bust economic crises and the actual GDP growth per capita was worse off deurung neoliberal era. Liberal hegemony and liberal democracies refer to the attempt by the successive US presdents, in the unipolar wolrd, since the collapsed of USSR in 1991 to spread liberal democracies all over the wolrd. There was strongly believe in early stage that Liberal Democracies shall be the end of history as stated by Fracis Fukuyama. During these periods, US exert Liberal hegemony in the world either by engagement (ef China, hoping China with democratizes), Coercion by withdrawing the support of dictators like Ferninand marcos in Philippines, Suharto i Indonesions, Subversion or attemtp to subvert through colour revolution in Georgia and Ukraine, and supporting opposition in Venezuela/Iran and Cuba and worse still via failed military intervention in Afghanistan and Iraq! There was also the expansion of NATA and in Easetrn Europe which ultimately triggered Rusia-Ukrain war. Neoliberalism and Liberal Hegemony are two disticnt concept!

So, how do they deal with the money world wide? How did they became so reach? Where does this money come from?

There are not democratic governments, but democracy. And democracy Fund is an Open Society Fundations own by Soros who began his philantropic work in Africa in 1979.

Tony Blair is a right wing authoritarian? This whole lecture is 180 degrees out of sync with reality.

Confusing since Ronald Reagan has been called both neocon and neolib. Hillary has been called neocon.

Show me one country that has neoliberal success story. Countries that are doing good are all Chinese style governance where politics control the capital and the rich serves the country. China, Russia, Vietnam, they all have the most successful economies and they dont let in neoloiberal cancer.

This is a great starting point for a deep dive into this topic! Thanks for this valuable work!

Its just about GREED…..where the private parties + politicians conspire to ROB a nation.

...and nothing will change until the proles stop breeding more victims. Why do you think your government doesn't want birth control?

"to serve the public good" They hired a diversity hire in charge of the Seattle housing authority. six figure job. He did nothing for 5 years, then resigned. Millions wasted on nothing. This is what happens in the MMT world. House keeper? Where does she get ideas? What a fantasy. This magical thinking is dangerous.

Dear team members I am working to be Open Government in Cambodia. This case, we have learned search about data.gov. But I would like some documents about it difficultly like policy and laws/regulations related. So, how could I find it to make metric for my task??❤ Best regard ❤ Thanks for your times

The reading was going excellent until he said that the important thing was to fight Putin (?)

$$$ is slavery ✌️

This is what we have already man it's just not Ganna stay hidden anymore

Have a look at and listen to pure evil here.

An excellent lectured marred only by the mention of Biden positively at the end. Biden & many others in US leadership are very pretentious people, saying one thing & doing completely another. They are very experienced political people and what they say hardly means much. Neo liberalism is a false premise implemented by very selfish people. Truly here in the east we hardly know what neoliberalism means till I hear you explain it, though the idea of a perfect has been taught over decades in business schools. You are misleading the next generation & more … very wicked.

Completely ignores left wing authoritarianism, and WHY the populous movement has found neo liberalism to be such a disappointment