Clash of Two Gilded Ages | The Economics of China Episode 6

[@SillyLittleAshTree]

I've found these lectures very interesting. Most of all, I'm glad I've found something I can share with friends and family which shows a high degree of unbiasedness. Before, I mostly didn't share content about Chinese progress because most of what you found was noticiable biased either way. Or was either too dense or too scattered, and not easily shareable. These videos are self explanatory.

[@s.7980]

Professor Ang’s incisive thoughtful and impartial analysis to US-China relations is what we need to produce policies, goods and services essential to well-being.

[@HarryMonn]

Love to watch balanced content on US and China that doesn't blindly hate one side.

[@tuberific454]

Therein lies the problem. She refers to Trump's rise as being a result of the 2008 crash and rising inequality, and yet he ran on a trickle-down economics platform that brought those problems in the first place. It's not hard to discredit his economic record by using the numbers. It's just that progressive voters would rather call him a racist and a Russsian spy. They're simply bad at messaging, and this has exacerbated the blindness you refer to.

[@HarryMonn]

@@tuberific454 Yes I always found it ironic how the people who suffer because of wealth ineqaulity back Trump who favors the rich. You're right about the messaging. People are discontented and tired of hearing about progressive identity politics when real problems are brewing around us. To Trumps credit, I think he began handling problems that many people wanted fixed, or at least claimed he would. Saying he'll fix the southern border, fight globalisation, and make our allies pay their fair share. These things I think appealed to many people, including me although I dislike Trump. Republicans also immensely respect the flag, and the fact that some Democrats are ashamed of the American flag is just another political blunder. People want to feel national pride. Anyway agreed mate.

[@erinmac4750]

Fascinating lecture that brings a new perspective to the situations in both China and the US, as well as to how we can frame the similarities and differences of the two. It is much healthier to analyze objectively, than to take the emotion based stance of "culture war." Although it should be noted that the beautiful words and ostensible goals of both governments are only as valuable as their actions. Both systems continue to have strong versions of their own brands of crony capitalism and structural inequity.

[@branislavdinic5073]

Really nice series. The only remark I have is that Professor Ang appears to believe that the so called US democracy does work in general. In sense of respect of individual rights, and similar.... Personally, I do not think that is the case. I would say USA is more a plutocracy than a democracy.

[@truthaboveall7988]

she’s biased towards the US & is making her case by being such

[@iantroesoyer1864]

@26:00 I agree. Saying that the US is "freely and fiercely" debating alternatives to the current paradigm is leaving out that we are not debating it fairly. Electoral democracy generally elevates those who can afford effective campaigns by being wealthy or being indebted to people who are. Usually both. This process provides enough reform to keep our system operating, but not enough to make it fair. Never enough to ensure actual equality of opportunity. I think multi-body sortition could provide a real answer.

[@joellaurenceau9488]

I am really enjoying this series. I watched #4...(Use what you have) 3 times. Thank you professor Ang.

[@jmmbuthia]

Great series of lectures. I'm enjoying them as someone from the global South because I resonate with the ideas expressed. This lecture reminds me of what Yanis Varoufakis says all the time, capitalism will eat democracy. In this case capitalism will eat any form of government if not managed well

[@Diego-qv9qj]

Same case here, I´ve thougth about the proposition of tinkering with not-so-perfect institutions until they can deliever well enough and I actually had some ideas that could maybe steer my country for the better, this is so rich with knowledge

[@henryfield15]

Thank you much appreciated! Always nice to hear a refreshing well thought point of view deserves consideration.

[@lugaritzbrown2250]

Great episode

[@chuck_moore]

Nice. Thanks.

[@daweitowalk]

How many episodes will there be?

[@srikumarmondal3294]

This will continue until China successfully establishes and then spread communism throughout the world.

[@xuesheng87]

This is episode six. The seventh and final episode will come out next week on 10 July 2024.

[@daweitowalk]

@@xuesheng87 Thanks.

[@dbmorganizing]

Capitalism’s goal is self-interested profit making through the commodity form. Capitalism is seeking development through anti-social behaviors and goals. Eventually leading to political capture once the wealthy decide to just become rulers instead of bribing them.

[@abelangjq]

went down the ang yuen yuen(cheers fellow singaporean and ang clans-kin) yt rabbithole... should have her on again for another series if possible, insightful, refreshing, informative

[@shalinikala]

Thanks prof. Really enjoyed watching this series, so well thought through. From my non-specialised knowledge it seems that the "rival" position is more of an American idea, China on the other hand seems more focussed on strengthening its economy without getting into the optics of a rivalry between two great nations. Even when it seems like China is criticising America, it is only reacting to statements made by the American government. Don't know if that is the right perception.

[@HarryMonn]

Eh China definitely takes its own initiatives. Their claims on the South China Sea and Taiwan I think scare a lot of neighboring nations and push them into the arms of the US. I am also not a specialised expert but from what I've seen both sides do a fair bit of inflaming tensions.

[@nahlene1973]

What's with the thumbnail? i know China is usually associated with Dragon or Panda, but why an OX for the US?

[@miker3298]

Bull market symbol of Wall Street

[@rcmrcm3370]

Where did you see a flag for the bull? Maybe it is a symbol of the workers (vs. the Mandarins) or old vs new China?

[@destubbed]

Thank you Thank you. So much sanity might I thought bring youtube to blow up but no you just travel along the honest truthful path. Thank you. We know through recent break thoughs on the fairy tale rationalizations of humans so this makes your talk be accepted as holding possible truths we have forgotten or mislaid. Thank you

[@pldevries]

Masterful insights here. There US and China are fighting the same battle, to modulate capitalism to serve the public good, in very different ways under two very different political regimes.

[@flow963]

Very well articulated and superbly researched lecture. Additionally, it seems to me, given the metacrisis confronting global humanity and ecology, we, the people of the planet (our shared global plantation) likely would prosper most by setting aside “clash” in favor of cooperation. Agreed?

[@NickGecko]

I love each time she says that present day China is exactly like Usa in 1865-1900 because in my view it's exactly the same thing in almost all present western countries, usa included, after Thatcher.

[@tuberific454]

They're exactly the same except during the US Gilded Age people didn't disappear for having adverse political views. There was still a free press. When my neighbor's father visiting from China began packing for the return trip, he had to wipe his phone of any new apps for fear the secret police would accuse him treachery. And, she errs every time she refers to China as "communist." It had welfare but so do western nations. That's why ChatGPT says in practice the US was more Marxist than the Soviets or China. The proper term for the CCP is ostensibly communist. Marx never advocated a centralized fascist authority.

[@Mageroeth]

​@@tuberific454 LMAO man they absolutely did and the robbery barrons would hire the mob to kill union organizing bro the you gotta get out of the propoganda that we sell.

[@Mageroeth]

​@@tuberific454Also we litterally had jim crow which was 1 step away from slavery black people getting dissappeared or entire towns getting burn down doesnt count? Man...

[@tuberific454]

@Mageroeth None of that was by mandate of the POTUS. And more to the point is that a free press could report on those gravely reprehensible injustices without fear of persecution. Whereas, China's Gilded Age is in fact a top-down autocracy which ranks at the very bottom of the world press freedom index.

[@stephenbrown1136]

@21:28

[@Mical-gz3bu]

👏👏👏

[@falkland]

A dragon and a calf. Emmm, the cover image looks like something from the Revelation.

[@yuriisubanda741]

Excelente! Sólo faltó mencionar que más de 300 millones de chinos del campo fueron sacrificados para construir la nueva China y abultar los bolsillos de las multinacionales occidentales

[@jaytso1883]

Comparing apple and orange. One is a nation state, the other a civilisation state.

[@wilmeramadoraguilar47]

Its an effort to harmonize

[@yilunli7374]

Not true, apple and orange are actual objects, nation state and civilisation state are manmade words that are open to redefinition.

[@koa818]

This Picture Show Myanmar Geopolitics CN💪💪💪

[@truthaboveall7988]

The Chinese aren’t decadent like Americans - the savings of Chinese people is astonishing the US merely shops using cheap Chinese $$ for decades

[@gariochsionnach2608]

… the so-called “Clash of Civilisation” is a gaslighting cover for military adventures & conflict ‘engineering’ for unipolar hegemony.

[@dbmorganizing]

Capitalism’s goal is self-interested profit making through the commodity form. Capitalism is seeking development through anti-social behaviors and goals. Eventually leading to political capture once the wealthy decide to just become rulers instead of bribing them. Slavery wasn’t just in the USA south. It was in all the 13 colonies and many later formed “states”. Y’all really wanted people to die during COVID for the “economy”. The “economy” which exists to serve human needs and wants now requires human death of many to serve the wants of a few…

[@PhilipWong55]

China does not have any of these problems: Inflation, stagnant real wages for the last fifty years, costly healthcare, an expensive education system, student loan debt totaling $1.7 trillion with an average balance of $38,000, poor public transportation systems, racial inequality, mass incarceration, the militarization of police, deteriorating infrastructure, housing affordability, homelessness, the opioid epidemic, and gun violence.

[@falkland]

You are idealising China like what Chinese used to idealise the West. China do have stagnant wages not even real wages at a massive scale. No student loan problem, but mortgage problem. Good Education costs much more than the private schools in the UK. Huge education ineuqality across regions. No tuition loans but there are huge mortgage burdens. There are a lot of Chinese families paid for apartment before development and got nothing as the House Building companies declare bankcurapcy. No house yet still huge debts to bank. No racial ineuqality but regional inequality is very real. And the health system is costly and not affordable if it is a serious condition.

[@redhidinghood9337]

I highly disagree with the analysis that capitalism and democracy are opposing concepts. Capitalism is based on market competition between companies and free choice of consumers. This cannot exist in conditions of monopoly or oligopoly that were present in the gilded age. Thus, a political system with no government control or regulations is not some pure form of capitalism, its something that reduces and brings capitalism to its end. A democratic system is best at producing conditions for capitalism because at the end of the day it is the people choosing their representatives. Even if those representatives can be influenced by companies, the nature of power decentralization and transparency in democracy makes it more difficult, whereas in other political systems companies and private interests can influence leaders behind closed doors and even if the people find out they cant really do anything about it. Lets not forget it was the US with Theodore Roosevelt (who campaigned on breaking up monopolies) that broke up the monopolies in the gilded age, and renewed capitalism and the country itself. In china, any attempts to regulate the market also damage it because theyre done with the heavy hand of a one-party dictatorship/oligarchy

[@falkland]

You view on democratic system needs some update. Market competition between companies at this age has lead to moneyn capital, assets concentrated with several big companies that own the most of the assets. There is almost no way for others to enter or win the competition with such super power. Although the market is still there, customers are not present with real choices any more. The big company can simply come in later with a polished version of everything at the lower price to squeece any small competitor away. It has become a monopoly or oligoply in its democratic form. Results in which party you choose they all work for one big company or another, not for the best interest of the general public. The wealth is created, the public needs to work out a system to redistribute it to break down the monoply of the super rich so everyone still have choices.

[@emmanuelameyaw9735]

Democracy gives you the freedom and equal opportunity to be capitalist.

[@thekb1924]

Which types of freedom you referring to?. In capitalism only two type of freedom exists. Freedom to exploit or freedom to extort. Be specific because American just use the term freedom without been specific.

[@Steven-mf7no]

China has long been a single superpower, since the Tang, Sung and Ming dynasties. When the Roman Empire collapsed, China alone led the world, until the industrial revolution in Europe occurred.

[@srikumarmondal3294]

​@@Steven-mf7no if everyone becomes capitalist then there will be no class which is called classless society or communism😊😊

[@tuckerbugeater]

@@thekb1924 which stable system doesn't allow you to exploit?

[@tuckerbugeater]

@@Steven-mf7no and hundreds of millions were killed in the process

[@srikumarmondal3294]

This one was a great lecture and pretty much authentic except one thing that came frequently in this lecture, which is none other than "American Democracy". Here in this video democracy in general refers to the American/CIA version of democracy although the auther didn't mention it clearly but it was that only. On the other hand if we talk about real equality or the real democracy (not the CIA one) then America never had it in the entire history..... America has always been as democratic as a slave society...