Episode 152 - Real Economy Hour (Ft. Victor Magariño)

[@jaimis5377]

i usually find economics boring, but having you guys talk about it made it boring still. i belong in the mines.

[@ezh117]

Don’t worry, I study econ and it can still be boring, I’ll be in the mines with you

[@pedroalexandredillemburg3751]

Self awerness right here

[@KingslayerSrb]

its fascinating how much of a turn around I personally made in my interests in life. I used to hate economics with a passion. obviously a lot of it had to do with capitalism being shoved down my throat without me even realizing, or lacking a mental capacity and knowledge of the world to realize why it rubbed me the wrong way so much. I felt something was off, but I had no skill whatsoever to explain to myself why. But nowadays, at age 39, I love this stuff. It can still get boring, but I think I've built some fundamental interest and a worldview that does make economics interesting to me (if in limited quantities).

[@Effective_tool_of_Satan]

Me too

[@joshuaharumtanoso2611]

It's not mines, it's ours now

[@BobtheRedead]

The bros are chilling at a nudist colony. Hakim: Habibi, have you read Marx? Yugo: Yeah, I think it's these wicker chairs.

[@socioecon]

I was a complete neoclassical chud until I was introduced to Anwar Shaikh's papers... They sure are highly mathematical, but if you understand it, it is very easy to see how fragile the orthodox theory is. Then I read Marx. That was it. No turning back. Shaikh's work 'Capitalism: Competition, Conflict and Crisis' is more easier to read for anybody interested in economics, without necessarily needing the math all the time. But before that, one should definitely read Marx, Engels Lenin and Stalin first.

[@luisarroyo7413]

Finally victor got on the deprogram!

[@valorieya]

i love his papers. the way he writes them is way more comprehensible for someone like me who hasn't read any economic theory other then marx and lenin's works.

[@AntiSocialPropaganda]

​@@valorieya!! I need to start reading his papers

[@ScaryFoot]

Love the pfp lmao.

[@random_number_sequence]

captions !!!! awesome!!!! very handy for people with hearing disabilities (and me since my earbuds are nearly breaking because i am stupid(

[@HashFace253]

Or you're using year earbuds until the break due to not being a commodity fetishist

[@nerooeeroo]

I also appreciate the subtitles! but i wish they were softsubs not hardsubs.

[@knodalishell5636]

bro is hakim-maxxing

[@gabrielreyes8697]

Yugopnik was so silent I forgot he was there.

[@nacicomi]

He knew the adults were talking

[@Gagagag-d1w]

I was lostt for large parts of the discussion so I know how yugo felt 😂

[@Turdfergusen382]

He fell asleep

[@Effective_tool_of_Satan]

Víctor is very kind towards austrian economics, considering what austrian economics liked to do with/to marxists

[@Kolokommouna]

Science doesn't base itself on slights and emotions. When he said that he respects the Austrians, he meant that their arguments made him stop and think. The persons behind the theories are irrelevant.

[@Effective_tool_of_Satan]

@Kolokommouna I was not talking about science but about the fact that those economists endorsed regimes like the Pinochet one.

[@Kolokommouna]

@Effective_tool_of_Satan exactly. You're talking about different stuff than Magariño. He is a scientist, he talked about how he was challenged intellectually, not about their actions.

[@Fkavirus]

I have never caught an episode this quickly lol. Uploaded a min ago

[@Irosm]

Hi Victor - you were a great guest! Question: I know it's not necessarily the most rigorous approach, but has anyone tried to come up with some kind of weighted composite index for "industry size"? First, calculate that metric, plug in into many models, tweak the factors/weights until you can find one that seems explanatory for a large number of simulations (95%+ or something?) Sorry if this is a silly approach for reasons that I don't understand. I'm a scientist not an economist, so I tend to think as an experimentalist. Also, very brave of JT to take a hard line stance against forced child labor. 😂😅

[@eddd123]

3:04 At least in Brazil, it's not common, unless you're in some Law courses, you do not see it all. A person dressed in fine clothes or suit usually stand out. The rule is jeans or even shorts.

[@bluester7177]

Where I see mostly commonly used in my part of Brazil is church, lawyers, politicians, weddings but I'm also in Rio, we are not normal people.

[@jinglebells-bv2lw]

Will definitely be following victor from now on. Really need to go deeper into the economic side of things

[@aliteralparadox5998]

as a marxist who likes nice suits i vibe with him

[@JurgMudveins]

Another excellent video. Keep spreading the good wood

[@walkerbomb]

Dapper Dude ❤

[@Norwegiandolphin]

Victor is the people's champion! Love that guy

[@leninistefrancophonefache]

When you try to investigate empirical evidence for the LTV nothing shows up on google unless you know what you are looking for 😢.

[@ConnieFWill]

oh hell yeah I love Victor

[@NathanWHill]

I sometimes feel like Victor isn't realizing his potential by just explaining the LTV again and again. I want to know how he treats the transformation problem, rent theory, and other Marxist economics topics that go beyond 101.

[@swarzboj7183]

Oh, I get it. The value of a luxury car has nothing to do with being a status symbol or being a luxury good. It's simply that a lot of manhours went into making it. Makes a lot of sense

[@joeheuft]

Chefs Kiss. Listening to this at least three times

[@valardohaeriz5163]

Love Victor Magariño

[@venus6987]

Ty comrades for adding amazing captions ❤️

[@emiliopenayo4738]

ENHORABUENA

[@roryreviewer6598]

You guys should get Bunker Cat on!

[@Nyota7766]

Ah yes the economy, this should be fun.

[@knodalishell5636]

i missed hakim

[@franzupet4406]

What a bangers great time was that❤😅

[@Volk.Matrinex]

Guys, it is episode 152, not 153, as the thumbnail would have you believe!

[@nautiluswalker4122]

Hell ya

[@vazeyo]

Does someone have book recommendations regarding this topic? Thanks in advance!

[@redbanana8317]

Jan Lust is a Peruvian economist, you could invite him

[@NathanWHill]

When did Victor live in Ireland?

[@MrMrblazer1234]

The thumbnail says episode 153! Quick, someone fix it!!

[@CodenameJameslee]

Im here

[@johnchaser7369]

Ben Shapiro credited in the description? 😭

[@Turdfergusen382]

Wait wait wait, economics is actually all this boring nerd stuff… I’m going back to the right.

[@noname-bu1ux]

Second

[@valorieya]

these new subtitles look pretty bad honestly. imo youtube's inbuilt subs are better. also salamun alaykum hakim, glad you're back.

[@ericktellez7632]

Nah they are fine, it would be better if they don’t have animations and is just the text though

[@valorieya]

@@ericktellez7632 fair enough

[@noname-bu1ux]

First

[@thematronsmilitia]

I refuse to dress well. Sunbleached t shirts and stained canvas workwear.

[@satyasyasatyasya5746]

The tiktok style subtitles are really distracting and ugly. I really don't know what a compromise would be. I'm all for people with audio/voice/speech procesing issues having these if they help, but it comes at the cost to some of us being a really hideous viewing experience. Sure, we could look away, but we shouldn't have to. Can tiktok conventions stop infecting everything please?

[@Kamarovsky_KCM]

I find them really useful and also pretty. I think you're really exaggerating how "hideous" they supposedly are. It's literally just text with a color

[@purgetrapscorp]

It's a podcast; you listen to it. Either way, it's just plain white text. What's your issue with it?

[@bluester7177]

​@@Kamarovsky_KCMyeah, to me it was fine, I find them neutral.

[@Saturnhalopie]

Hi, so this is insane

[@atryan1125]

China is not a capitalist economy

[@why-g9w]

Get the praxben to debate you 3

[@stupidvideoman3187]

Nah it’s better if the boys just ignore him and don’t give him any attention.

[@notanurag6176]

would be a complete waste of time tbh. He's just some youtube guy

[@bojassem12]

Hakim and most MLM don't understand what anarchy is and what anarchist want. The state will not abolish itself all the sudden, it never has and never will. Please speak to anarchist so you can have a better understanding than the strawman you have in your mind.