I RESPECT ✊🏾 CHOMSKY!!!!!!!! 🔥🔥🔥🔥🔥🔥🔥😌😌😌😌🙏🏽🙏🏽🙏🏽🙏🏽🔒💯🇰🇳🇵🇷🇺🇸

CCP propaganda one of the best expert !!

Brilliant presentation on how fast China values its people to raise the standard of living for all

rick book on the loose 🦴🦴👁👁🦾🦾👀👀🤡🤡🐬🐬 thomas booksatber touched me

Aquí los que eligieron este video como tarea de estudiante de economia y finanzas

HE DESTROYED GREECE,, singlehandedly.. a communist socialist nutter who never created a single job nor built a single factory for a decade with 500 BILLION euroes.. his opinion is beyond WORTHLESS on anything.. we lived in crete during his disastrous rule.. he lives in TEXAS and has a texas JOB.. in a capitalist state with #3 economy in the world.. he DESTROYED the #200th economy in the world

Don't be fooled, she is a CCP shill

I appreciate Nancy Qian so much. She's got a lot to say. And she is trustworthy.

1) Competition: Competition is always a wasteful thing. Copyright makes it illegal for you to use information that is already made for example. 2) Market economy is terrible for distributing goods acording to needs. (Needs specifically , not any other kind of wants) 3) All the rest is BS too. What markets can be good for, is for comerce of luxury and also for providing elasticity to a centrally planned economy.

I had worked for Sheila many years ago at Politeia. She was initially very charming, but after a few weeks, the facade fell and she became an unhinged, bullying micro-manager. She would arrive to the office late, sometimes close to 12noon, tell her staff off for small things like not picking up the mail even she could have done it herself, then proceeded to roll it off a lengthy list of actions for her staff to complete in that day that often keeps them working long after 5-6pm. I didn’t get home until 10pm some nights despite the low pay. She had a particularly vicious way of undermining young workers’ confidence by questioning the quality of their work, even telling them off when they have done nothing wrong. There was a really high turnover of staff for this reason.

Thank you.x

It’s so hard to hear what he’s saying

If economics was a factor in running the site then it should have minimized it's focus to the one area that is sorely lacking in online chat. "1 to 1' chat with search and basic info. This site wasted time and resources trying to be everything to everyone instead of filling a niche market that it had become well known for and successful at. The problem wasn't the economics but the management who does not understand it's market. Now it has gone to Discord and abandoned the users who likes it's "1 to 1" format, I predict there will be a very quick downfall of the product and it will be sent the way of Yahoo Chat, ICQ, Paltalk, AOL, and others.

If everyone in the world gave 1 second off their life span to add to chomskys, hed live forever.

who cares? so boring.

At the time, this great man was 94 years of age. 94!!! His recollection of dates, times, history, economics amongst many other topics is incredible. He would put men a quarter of his age to shame. IMO he is a living prodigy. All policy makers should be listening and shaping his ideas into reality. What a better world it would be.

Just started this video..economics.. Ethics.. morality.. Loving it !! Sounds like I'm going to be listening to a real professional !! Loving it !! The Lord reward and protect you !! I hope..

Wow. Extraordinary.

2:05 Sure, but it's a fabricated belief system which benefits very few at the expense of very many. So there's that.

Mr Yanis studied economics, yes, but that shouldn't make you think he isn't ideological in his talks and speeches. Here's one of his silly ideas, he calls "diagnosis", of modern digital clouds, internet clouds, or technically, "servers" on which data and businesses can exist. He likens "land" with internet "clouds" as some businesses also call it "space" since you could, for example, build a website on that "abstract space". First off, it makes it much easier to understand Yanis' point of view if you also knew he was brought up in a Marxist family. As he himself said it, he saw "capitalism contradictions" from his childhood. Marxists in the past, including Marx himslef, saw "lands" vital for making capital. After all, you needed a piece of land on which you could build a factory back then. But modern digital age have created a strong headache for the Marxists. Modern businesses no longer necessarily need lands. So what should they do to continue selling their ideology? One idea, Mr Yanis', is why not assume the internet cloud is land? Surely most call it "space", and "space" can indeed be likened to lands, so Yanis believe. Sure, why not? Modern businesses are at least partially on the internet, and some don't have lands at all. But Mr Yanis continues to say, this digital land is restricted! He claims that companies like Amazon, a company that Jeff Bezos built out of nothing in the kitchen of his house, and now employs millions of people around the world, a company that he himself was the sole worker, delivering books to people, Mr Yanis thinks that the land that this private company created is restricted to few! The above silly, dumb idea is from this fella who has a PHD in economics. First off, the "digital land" is not finite, it's infinite, Non-excludable (an economics term), and Non-rival (economics term). Second of all, nobody's holding Mr Yanis' hand to build his own Amazon, his own cloud. In fact, some clouds can run right from your smart phones, including the server. Thirdly, if Mr Yanis insists to take a piece of Amazon "land", as his eyes are on this particular private company, he can, in fact, get a piece of it for free, free as in ZERO fees. And he wished to build a digital factory on it, he can do so with a very small fee, like the millions of businesses on Amazon. Marxists have a set of ideological, and expired beliefs that only exist in their simplistic imagination.

OK Mr. James.. you're throwing a lot of vocabulary building time at them . Do they have hours and hours of free time for dictionaries in order to get through one of your basic economics videos ?

Brilliant exposition

Yanis should study Prout - Progressive Utilization Theory. There is an emphasis on cooperatives and economic democracy in Prout. This framework doesn't support having stock markets, an antidote to speculative capitalism.

Even in close history the Founding fathers Of The Constitution Of The United States, made language in that document that put checks into the creation of the Federal Reserve; This was in response to how the crown controlled its subjects, Financial Slaves. Then Breaking of the social compact that Americans consented to be governed. Don’t alter the principle document of consent.

If you just look at fuel consumption of the pentagon is that government working for environment?

Economist? Pure Propaganda!

The powers that be don't care what you call their economic system.

Supposing Engineering is the Art of the Possible, Economics is objectively bias Ideology, mostly "Selfish self-interested Sociological inertia", in Accounting for the visible economy in the holistic ecologically integrated metastability, then the realisation of Susskind's Singularity-point Lensing orientation-observation resonance to Euler's e-Pi-i flash-fractal 1-0-infinity probability state in the Totality of Conception would make Reality of AM-FM Communication information In-form-ation substantiation vanishing-into-no-thing, another imperative for reviewing and reintegration in terms of Absolute Energy Holographic Principle Nucleation perspectives. Jobs for anyone who wants to volunteer to live on this planet..

Start more efficient recycling instead of fighting for a redistribution of wealth?? My respect for Blyth just went down. Blyth says the latter 'will never happen'. It HAS to happen. As in, it is both inevitable and must also be fought for. Do you really think the exponential flow of wealth into fewer and fewer hands - as per the necessary logic of capitalism - is sustainable? Whether it results in fascism and/or war or whether there is some kind of black swan event that saves the working class remains to be seen.

4:35

Interesting soul duel future culture inheritance genic consciousness awareness common sense ethical practices

Excellent presentation, especially regarding accountability, assumptions, and the necessity to acknowledge the importance of nature in the economic equation.

Is this the Marxist who lives in the Greek isles? I distrust any Marxist who isn't living on food stamps.

Money is made by credit at this point and i couldn't care less.

Steve’s comment about Aristotle’s understanding of the universe really hit home with me. I often feel like economists have come up with this insanely complicated theory for how the economy works mostly because they keep “learning their lesson” when the economy doesn’t behave like they thought. Rather than simply recognizing that everything rotates around the sun, they will retain their earth-centric foundation and simply add another variable to their equations to account for the new phenomenon that their theory didn’t see coming.

Based on interactions I’ve had with mainstream economists, they’re not much better than the Neoclassical types in terms of how they think about the economy. Everything is about transactions and math. Zero thought is put into the social consequences of those transactions. For example, I raised the question of whether low interest rates were the most efficient method to stimulate aggregate demand. Just going off of logical outcomes, I would presume that because low interest rates generate demand primarily among people who already hold assets and can therefore get the cheap loans on offer, this would lead to not only rising asset prices, including houses, but also food deserts when there is no demand generated in poor communities where few people own assets. An academic economist told me that this “literally wasn’t happening” and that interest rates were working just fine. I’m sorry, I must be getting fake news about food deserts in the wealthiest nation on earth and unaffordable house prices in pretty much every developed nation. That same economist told me that QE doesn’t increase purchasing power, it provides liquidity and increases aggregate demand… as if those are different things. And other economist have made similar arguments, but this one was particularly blatant. Those seem like the arguments of someone who is looking only at the overall numbers and paying no regard for the distributions or how those distributions will impact the economy in the future.

My main problem with this analysis is, I'm not sure whether to accept the assumption that we ever lived in capitalist times, according to the standard definitions that he alludes to. Still, he successfully destroys the idea that our system is "capitalism" or "free market" anything. And I'll buy that we're in a historical phase that's "post" whatever it was after, say, WW2. Some kind of revolution has happened, overthrowing the previous order. And I'll buy that the crises of 2007-8 marked an inflection point. At the very least, all the masks came off at that time.

Next Up: The Chairman of the Fed lectures about Linguistics! Sounds Absurd-Right? Yet some misguided people still mistakenly believe this ridiculous old academic has any idea WTF he is talking about outside that one field! smh

You’re the light to the world prof YV while the rest of us buried our head in the sand you always speak the truth. God bless

Wow, really liked this guy untill the stupid shit he said in the opening of this episode. “90% of companies are owned by 3 companies” Black rock is the classic example, black rock does things like index funds. Add up all the stuff they “own” you get 8.6 trillion in aum (assets under management) “controled” by black rock. But you can buy blackrock at a rate of 100 billion (Market cap for whole company). So i guess you put one dollar into blackrock stock and get $86 worth of stock? Nope. These assets are not owned by , blackrock. Black rock makes things like index funds and when we jnvest in those, they get a very small fee (something like 3% of 1%) for taking all our money, and splitting it into tons and tons of different companies. When so many people put their money in its a good business, but they aren’t shadow running our economy, they don’t own everything.

I do not understand why Professor Varoufakis, experimental economies for ten years, completely dismisses experimental economists as irrelevant for real life. There are many field experiments which show that the stylised facts from experiments can br found in reality (e.g. win/loss asymmetries (Kahneman & Tversky) really matter in productivity when salary is increased or reduced). Laboratory experiments on universal incomes are even more relevant to reality than the short-sighted real experiments. Also it is simply wrong that macroeconomics is inaccessible for experiments. There are many macroeconomic experiments out there - just google. There are experiments with multiple markets and currencies. Varoufakis himself is very well qualified to design a Euro experiment for a situation like what Greece faced. As for the information asymmetry between buying and selling labour, I need not tell an established game theorist what contract theory is and what its predictions are. Unfortunately, Varoufakis’ prime dogma is that economics is irrelevant for the real world. In his case, this has become a self-fulfilling prophecy. Although brilliant, he almost refuses to publish in established economic journals. This theory aversion is the major problem of the political left today. The old Marxists folded their arms like Jehovah’s Witnesses and expected capitalism to crumble under its own weight, because Marx told them so. In contrast, private-public capitalism/feudalism has emerged stronger from every crisis. The new left rejects theory altogether. Critical thinking is something different. Neoclassical theory is not the theory of capitalism. It can be applied to all forms of economics, including any alternatives such as UBI, C2C production, taxing accumulated capital, and breaking down parasitic monopolies.

Another great interview with Prof. Chomsky. With all the enormous damage to people, communities, etc. by this neocon ideology, it’s a wonder that we hardly hear critiques in the mean stream media. Answer, the main corporate companies, main media just ape this awful and erroneous so-call economic pseudo theory.

Yes Yanis just ban econometrics already 🥲

Thank you for lnterjecting classical music in the talk. It lifted me from depression I get from thinking about our economy, political system and the environment.

THANK YOU for mentioning Beneficence in govt rules or as a character in rulers. It is a Chinese political teaching from 2000 yrs ago.

There will be many in the West who will hate whatever Keyu Jin said. The Liberal Economics of the West is not perfect and has gaps & weaknesses, and has been hijacked by the global elites for their profiteering. Marxism is not perfect but China has adapted it to work for the masses and the evidence is so clear.

The current economic system is a power/exploitation system. There is no solution within it. We are doomed. Economy does not provide a sustainable framework for human's relatioships and enviroment. Good luck.

Hey Noamie…how much was Your capitalistic house in Cambridge worth? You give that and your bloated pension to the working people?? FAKER!

Oh btw he’s admitted he had no friends in HS!! Surprising?? Of course not !! Telling!!

She seems to believe that ethics and ‘fairness’ is not built into the market, but inherently is in government policy, when we know that that’s not true. The mass exodus from Russia by businesses without government intervention, the desire by individuals to buy EVs, clearly show otherwise. Top down government policies are based upon the false pretense that climate policy is best for the market, when most government decisions are not what’s best for people that have disparate needs and wants. Clearly the suggestion that a free market economy is not the only successful model as compared to China’s model, is not a sound point. Taking a long time to advance a society is important; more than doing it quickly as China has. No room to explain why here. Nobody is saying that capitalism doesn’t need guardrails, but China’s meltdown is ahead of itself as it was for the West. When it happens, she will change her tune. It should be noted that ‘The West’ made the decision to use China as the ‘shop floor’, more than it was China’s doing. Business moves around the globe enriching poorer countries and then it moves on. China is just one of many stepping stones along that historical path. To place such weight onto the narrative that it is China’s economic model that enriched China is just patently false, in all but perhaps 20% of incidences. China is ranked 72nd or 73rd in the world in GDP per capita, just behind Belarus. Clearly the sharing of that rapid growth wealth has been an abject failure. China has not shared its wealth with close to 1 billion of its population in a meaningful way. That proves my point, at a time when Xi’s jingoistic behavior is chasing away any chance of China moving away from being a surplus economy to being a consumer (deficit) economy.