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@kjackson54534 жыл бұрын
Economics of fifa and big sports like NFL please
@n4870s4 жыл бұрын
Hi, can you do a video for Bulgaria?
@jenspetersen58654 жыл бұрын
Maybe an updated version given the Corona impact on Italy might be prudent
@aranielleb77184 жыл бұрын
Can you start listing your references please. If you're going to misinform your American audience atleast provide your sources because your videos are highly inaccurate.
@n4870s4 жыл бұрын
Aranielle B can you give examples?
@tentifr4 жыл бұрын
13:42"The south is more agrarian, with fewer cities and more countryside" Shows a picture of the dolomites mountains in the northernmost region (Trentino)
@mattelanni4 жыл бұрын
Actar ahahah exactly
@jijinho4 жыл бұрын
Ahahawhwwh I noticed that too
@erichhartmann69263 жыл бұрын
Not to mention Südtirol is Austrian
@ANVILD3VIL3 жыл бұрын
@@erichhartmann6926 sudtirol is italian.....
@andreasantinelli72133 жыл бұрын
@@erichhartmann6926 stfu
@ImHavingaCoronary4 жыл бұрын
Ah yes, Italy's most distinctive music composition "Eine kleine Nachtmusik".
@tylerdurden37224 жыл бұрын
@@lebowski_dude I think northern Italy was part of that state that was neither Holy, nor Roman and not really an Empire.
@Saifyrooma2nd4 жыл бұрын
@@tylerdurden3722 Lol. I love that one. Here's another funny one, Palm Cabbage Lettuce is not a palm tree, nor a cabbage plant, nor a lettuce plant
@tylerdurden37224 жыл бұрын
@@Saifyrooma2nd if a Coconut nut is not a nut...then what the hell is a coco nut?
@jaroslavzalesak14474 жыл бұрын
Tyler Durden It’s a coco fruit from the coco tree from the coco palm family!
@Ub3rSk1llz4 жыл бұрын
hopefully it was a joke rather than him googling 'classical music' and picking the first result
@timonbaumgartner54194 жыл бұрын
As an italian i really felt the part about needing to stop changing the goverment every 2 years
@Luca-ok6sw4 жыл бұрын
Leonardo David 28 no sarebbe un suicidio, serve un governo costante, se ogni anno il governo annulla le cose fatte dal governo precedente non si va da nessuna parte
@digge22104 жыл бұрын
@@Luca-ok6sw vallo a dire ai Romani
@franznarf4 жыл бұрын
Belarus 26 years
@salvo51083 жыл бұрын
Then w3 need to stop allowing the party members to change party after they get into the parliament. If you leave your party then you resign your position. That is how you get 5 year governments
@demoniack813 жыл бұрын
@@salvo5108 The problem is our constitution was made to do one thing and one thing only: prevent the reformation of a strong fascist style government at all costs. Well, let's just say it has proven exceedingly successful.
@horophim4 жыл бұрын
Italian here. Just adding a few comments (love theese videos btw) During the cold war Italy was on the forefront of the iron courtain, the italian comunist party was the biggest of the western world with the most money given by USSR. The Gladio thing was the american counterpart. The elephant in the room here are the MAFIA and corruption. Mafia had and has strong ties with many high political figures (was also tied to Gladio and other connected entities like P2 masonry lodge) this lead not only to a huge tax evasion and instability. It has also cemented a dirigent class based not on merit but on nepotism both in politics and in business (case and point the Benetton family that through controlling a lot of newspapers through its publicity got the licence to run the highway road network, rising prices and not doing manteinance in order to get billions for free)
@munemshahariar25034 жыл бұрын
How bad is the quarantine over there ? You probably get that alot recently..but there seems to be a blind paranoia on people in different countries...so please give your perspective on it
@horophim4 жыл бұрын
@@munemshahariar2503 Basically we stay home, supermarkets and some other shops are open but only a few people at the times can enter a shop (to keep the distance) a lot of people are wearing masks and gloves. I also volunteer on the ambulance, and the EM hospital is a lot emptier both because a lot of people went there for trivial matters and don't go there unless it is necessary now, and because the hospital new policy is to fix and send people home as soon as possible when they can
@munemshahariar25034 жыл бұрын
horophim i see...the blind paranoia aside...it is manageable? Certainly not as sensationalized/fear mongered as some reddit posts have made it out to be
@horophim4 жыл бұрын
@@munemshahariar2503 I'm defenetly grateful of being in Italy and for once under an able bodied prime minister instead of many others nations (I dread of what will happen in the USA for istance) the situation is still under control and the measures are mostly concerned on dealying the spread not to overwhelm the healthcare system (expecially the ICU) It's going to be bad for the economy, expecially tourism but by using hard mesures now we hope to have it easier later on
@munemshahariar25034 жыл бұрын
horophim thank you for the information....this helped
@thewexicano1474 жыл бұрын
If anyone is wondering why he’s not saying the Coronavirus it’s because KZbin is stupid.
@Soundwave-F7Z4 жыл бұрын
can you explain?
@sensiblewheels4 жыл бұрын
@@Soundwave-F7Z The video doesn't make money (Gets demonetized) because KZbin doesn't want people uploading coronavirus to make money.
@beentrill84924 жыл бұрын
Captain Planet he lose money
@Joso9974 жыл бұрын
And you are not helping
@syxepop4 жыл бұрын
The Wexicano - explanation in two words: SCARED ADVERTISERS. Add to that AMBIVALENT ALPHABET (owners of YT) and you have CLUSTERF**K.
@ennd914 жыл бұрын
Next episode should be "the economy of economy explained: how much do i pay for stock videos".
@AliffDelacoure4 жыл бұрын
We want this to happen!
@tdoge4 жыл бұрын
I cracked up at the stock footage of adults putting their hands together
@pygmalioninvenus60574 жыл бұрын
I was literally thinking this the whole 4 minutes I watched this video for.
@Kenionatus4 жыл бұрын
I wouldn't be surprised if he uses a program to automatically add stock footage to a podcast :)
@joaomanuelaraujo2504 жыл бұрын
Yes please
@vondahe4 жыл бұрын
“Economy of Italy” - shows Hungarian flag upside down. Good start, guys.
@hivaladeen48924 жыл бұрын
Iran
@arokjuata33654 жыл бұрын
@@hivaladeen4892 you ran?
@yarpen264 жыл бұрын
It seems to me this guy is better just listened to rather than watched. Besides, all this cringe-inducing footage of people doing the things he just talks about makes me feel like I'm a preschooler being lectured.
@vondahe4 жыл бұрын
Leonardo David 28 “Iran” -> “I ran” then Arok asks if he ran. Geddit? 🙃 Aladeen wrote Iran because the flag was very similar to the Iranian flag.
@mattiascaccabarozzi4 жыл бұрын
@@arokjuata3365 underrated comment ahaha
@AtrolinK4 жыл бұрын
Italy may have the biggest public debt, but it also has the smallest private debt. That means italians own their country. The state is in bankrupt, but italians are doing just fine. The vaste majority of familes owns at least one house and don't struggle that much economically. That is a huge game changer in today's world and economy.
@Soloohara4 жыл бұрын
true
@mattelanni4 жыл бұрын
Are you italian?
@areswalker56474 жыл бұрын
That is because italians have an old mentality of "leaving permament things" to their kids, usually a land and an home, it's not us being so rich that we can buy multiple houses rather our grandparents made their home and passed it to their sons who later passed it to their own kids. This is for two cultural reasons that go back to historical reasons: distrust and adaptability: you may not have money or a job but you'll never have to worry about a roof for you and your family, money's value can change abruptly and, like gold, it can be robbed, banks can't be trusted to keep them because they could not give them back for whatever reasons so what does it leave? Flats. An home. jewels are something passed on from generation to generation but the true legacy is the house. House that the sons (or daughters obvl) will later decide to keep and live in or to sell it (usually only if they want to live else away)
@PMMagro4 жыл бұрын
It also means the hope off a good stable goverment looks slim. The state is in trouble and who but teh taxpayers will have to cough up teh money?
@ten_tego_teges3 жыл бұрын
@@areswalker5647 That's a solid approach to life, definitely my plan for the distant future.
@gjergjipocari82274 жыл бұрын
Imo Italy would be the wealthiest nation on Europe if it wasn't for the rampant corruption and nepotism in business and government. A great potential that is wasted by, as you said, "this is how we've always done it" mentality and no drive to change the status quo
@sam003744 жыл бұрын
I'm italian and I'm sick with all of this. Whoever goes in power gets corrupted and nothing really changes
@bellicapelli81554 жыл бұрын
"this is how we've always done it": this sounds so italian. It's something i hear since i have memory. However it might be connected with the fact that we're the second oldest country in the world AND, most importantly, the vast majority of wealth and power belongs to people older than 60, and older people are way way less innovation-oriented.
@WScarfaceWars4 жыл бұрын
Corruption and nepotism is kinda everywhere, the main 2 problems here in Italy are 1) terrible slow and frustrating bureaucracy and 2) terribly slow justice process in courts. Those 2 are the main causes why businesses and investments don't thrive here.
@baul9974 жыл бұрын
But off course why change things if there is Germany too blame for all the problems
@Benny_M_19224 жыл бұрын
World politician are corrupt. BUT Who else has 5 stars party??
@nautilusshell49694 жыл бұрын
At the end of WW2, Italy was wealthier than Germany. Both countries underwent rapid industrialisation but: 1) Italy suffers badly from governmental corruption - Germany's government is generally stable. 2) Italy suffers badly from organised crime - Germany is relatively corruption-free. 3) Italy suffers badly from red tape - Germany is quite pragmatic and clear cut. 4) Italy suffers badly from tax evasion - Germany is good at collecting its taxes. If Italy were to address its internal issues, then the external issues would affect it much less.
@lucabralia51253 жыл бұрын
yes, pretty much
@mikehoot39783 жыл бұрын
Set low taxes and nobody evades.
@SoYFooD23 жыл бұрын
@@mikehoot3978 i dont think u know many italians
@mikehoot39783 жыл бұрын
@@SoYFooD2 I know several Italians, but it is indistinct. I live in Argentina, the paradise for the statists, nobody has more taxes than us(more than 170). The informal economy is over 40%. Still, if taxes were few and low, very few people would evade. It's simple logic, and it has already happened. Argentina was more liberal(classic liberalism) than the US in the late 19th and early 20th century. With that low taxation it built trains all over the country, one of the most beautiful theatres in the world such as "Teatro Colón"(search it on google) and a multitude of high quality infrastructure. The economy is incentives. The higher the taxes, the greater the evasion and degrowth. The lower the taxes, no need to evade and growth is generated.
@nitishkalita10263 жыл бұрын
Germany is the home of thousands of small and medium enterprises, (known as mittlestand if I'm not wrong). In case of Italy, I think the economy is totally reliant on large enterprises only.
@ap-hv9uh4 жыл бұрын
I have invested few times in Italy in some high growth, high technology content, niche sectors, both in the North and in the south of the country and i have been making a steady good return on my investments. I will keep investing in the country. Italy works well for me and my pocket.
@areswalker56474 жыл бұрын
Thank you!
@ap-hv9uh3 жыл бұрын
@Zerevv i have been investing in both listed and non listed companies. Ever since i have chosen an Italian wealth manager i have been given an unprecedented insight about the country´s hidden opportunities, which i had never received or at least to the same extent by foreign wealth managers. I believe, that this applies to every country. Whenever, you want to invest somewhere around the world always look for a local.
@ap-hv9uh3 жыл бұрын
@Zerevv I only advise you to look for a local wealth manager wherever you want to invest to.
@emilebichelberger75903 жыл бұрын
I was waiting for the Bitcoin plug and 10 bots talking to eachother who all somehow know the genius me Greg or someone who helped them make ££££
@salvo51083 жыл бұрын
Hey teach us how to invest in Italy, maybe with a video
@chickenmon4 жыл бұрын
Plays Austrian music while talking about Italy. Sigh....
@Tu51ndBl4d34 жыл бұрын
Who cares it's European
@Chrissy7174 жыл бұрын
@@Tu51ndBl4d3 Are there really people out there who think there is a "European culture" ? I mean, that would be nice and cool, a stronger EU would help everyone, but sorry to break it to you bud. Spain has nothing to do with Italy, the Balkans hate each other, Germany is nothing like Poland and Lithuania isn't even comparable to France...
@leonbraig4 жыл бұрын
@@Chrissy717 Well said!
@pereduranofcourse4 жыл бұрын
Drew R Good aircraft taste
@BreadWinner3304 жыл бұрын
Back when Austria owned northern Italy lol
@enricodardes26294 жыл бұрын
Pretty accurate video. I must disagree on the fact that Italian economy is based on big businesses. It it mainly composed of small and medium businesses. Italy had 7 different prime ministers in the last decade mainly because of the constitutional instability of the government. As you correctly said rad tape, internal inequalities, lack of innovation and rigid business mentality constitute significant issues but many others should be mentioned.
@lupen5064 жыл бұрын
And 20 years of punches in the face; we still the best and this crises happening ones is over we gonna flourish more then others
@xzn19894 жыл бұрын
I was scrolling through the comments while the video was starting and I came across this one: if he said that Italian economy is based on Big businesses, then I should not waste 15 mins of my time. This is a failure of understanding your subject matter of the most basic level. 3/10
@SorenToKeiran-Murasaki3 жыл бұрын
@@xzn1989 Exactly. Actually, one could actually go as far as saying that one of Italy's major problems is the almost complete lack of big businesses, unlike countries like Japan, Germany, the US and South Korea.
@italianadventurer11573 жыл бұрын
@@SorenToKeiran-Murasaki lack of big business is the real deal for italy, there are a tons of very small and medium size companies
@SorenToKeiran-Murasaki3 жыл бұрын
@@italianadventurer1157 Appunto: troppe imprese piccole e medie e troppo poche aziende grandi.
@moredac28814 жыл бұрын
Video idea: how ecology impacts the economy. Like how the Amazon impacts Brazil, or how national parks impact the economy
@seabass99164 жыл бұрын
Generally in his videos if there's something like that (among other natural resources) he'll include it if he does an "Economy of Brazil" video.
@khango61384 жыл бұрын
I second this. Ecological impact is more important to the economy than often said
@CBielski874 жыл бұрын
perhaps a video focusing on specific ecological features and their impact on local and global economies
@CBielski874 жыл бұрын
@@lain7758 its because theres too many dummies who say shit like "my country" nationalism is gey
@CBielski874 жыл бұрын
@@lain7758 saying 'im italiano' and 'my country' has different connotation. totally get you're prolly ESOL but now you know
@someguy89554 жыл бұрын
3:49 Did you say Japan and East Germany? Wasn't it supposed to be West Germany?
@kingstannisbaratheon79744 жыл бұрын
Yeah i feel like he meant to say west Germany
@derAppelkuchen4 жыл бұрын
He was, he even showed Frankfurt at the Main river
@side-fish4 жыл бұрын
Oh East, I thought you said Weast.
@cwg97804 жыл бұрын
"Yes, that's what we wanted you to think!"
@thebenis31574 жыл бұрын
I find it weird how he didn't even mention mafia. Like, that's one of the biggest reasons why southern Italy is so far behind the north
@BalaKrishna-bq5iz4 жыл бұрын
He's busy painting it as capitalism vs communism propaganda
@jacopofolin64004 жыл бұрын
@Águila701 yes but in the south the houses, the higway , the publics job and all the think that make money are in the hands off different mafia
@jacopofolin64004 жыл бұрын
@Águila701 aaa okey
@thebeautifulones54364 жыл бұрын
That's racial
@jacopofolin64004 жыл бұрын
@@thebeautifulones5436 ?
@morenoandrea51254 жыл бұрын
At the start of the video:"now home to a surprisingly robust economy" Me (italian): **sticks head out of green screen** are you sure about that?
@tylerdurden37223 жыл бұрын
By Robust, he means it can take a lot of hard hits and somehow still survive. No one can deny that Italy's economy has taken some really hard hits Yet, miraculously, it's somehow still chugging along.
@Orzach2213 жыл бұрын
as bad as the italian economy can look. It still is a developed first world country, miles ahead of africa, latin america and most of asia
@morenoandrea51253 жыл бұрын
@@Orzach221 yes, but it was headding down steaply before the corona, especialy with unemploiment and homlessnes
@felxta3 жыл бұрын
I once heard it's to big to fail und to big to save (by other countries)
@certaindeath77764 жыл бұрын
Italys median household has three times the wealth of a german household. german companies have most of germanys wealth. in a long term crisis, italy is more resilient.
@shottskies4 жыл бұрын
Very interesting comment that is rarely brought up. Perhaps other western countries are similar to this. My country Australia definitely is. Family orientated countries like Italy seem to have some economic and political problems that we don't have but at least the people have wealth lol
@MP-mh1tu4 жыл бұрын
this is so true. Germans actually live relatively frugally
@ungrateful-664 жыл бұрын
CertainDeath777 What he doesn’t mention and I’m not surprised, is that Italy happens to be the wealthiest nation in the world if we account for possessions and assets even though like Greece, they’re always being screwed over.
@certaindeath77764 жыл бұрын
@@ungrateful-66 thats what you get, when you let companies decide politics and make ratings. They say german overcapitalized model good, italian bad. but if your country is in crysis, your mega company will bail out. your family and neighbours will stay and share ressources. and trust me. the future decades will evolve into a series of ever stronger crisises.
@dr.wahnsinn99134 жыл бұрын
But the comparison of wealth in Germany and Italy is mainly a difference between home owning and renting. The average person in a country is of course richer if he owns his house, but this is very rare in Germany. On the other hand Germans are good at saving money but are unable to use this for building wealth. The result of this is that the most german households have all their money on bank and saving accounts, or buying houses (but only if they earn really good). But for the average German stocks are evil (to be honest is a result of the problem that the german stockmarkets always crashes after the Germans begun to buy stocks) and this ends in the problem that the average German only become wealthy if he founds a own company (something that the most Germans fear). Furthermore we tend to be very frugal and have a tendency to work for less money if this results in more jobsafety. This is also a reason why the german companies are so wealthy.
@SentMyOwnWay4 жыл бұрын
Showing the hot-air balloon in the air when you mentioned “high inflation” was genius.
@rajeshranjan51704 жыл бұрын
Oh, you are alive ?
@captaininsane18934 жыл бұрын
Thanks um Saddam Hussein
@ethanwmonster90754 жыл бұрын
don't say the C-word or else you'll face the wrath of S U S A N.
@ethanwmonster90754 жыл бұрын
@Gaius Marius S U S A N DOES NOT LIKE PANIC, BUT WILL GLADLY GIVE MONEY TO TALK SHOW HOSTS BECAUSE FUCK ORGANIC CONTENT CREATORS.
@british-canadianmapping17574 жыл бұрын
Cor*na virus
@jaredhayward57604 жыл бұрын
C-connie?
@ethanwmonster90754 жыл бұрын
@@british-canadianmapping1757 plebianss are not allowed to use that word only trusted news channels are allowed to use it like jimmy kimmell.
@ethanwmonster90754 жыл бұрын
and also monetized for $$$
@matthewmatthew6384 жыл бұрын
A+ for timing, just follow it up with "Economy of Spain" and "Economy of France" to get KZbin algos attention :)
@joaquincimas5004 жыл бұрын
Even more Spain didn't have a Marshall plan, plus a 40 years dictatorship.
@pygmalioninvenus60574 жыл бұрын
Nothing like exploiting the spotlight of dead Italians due to coronavirus to make an economics video!
@XavierbTM12214 жыл бұрын
@@pygmalioninvenus6057 its the way of the Gods
@comradeofthebalance31474 жыл бұрын
Davie Donna Sure,y it is coincidental
@mangogo444 жыл бұрын
Never knew Mozart was Italian...
@HubertofLiege4 жыл бұрын
קריסטינה קניג Pearl Jam was busy
@spano17234 жыл бұрын
אוהבת לראות שמות בעברית - מאיטלקייה יהודיה
@_DD_153 жыл бұрын
The more you know. One never stops learning 🤙
@joeprizzi4073 жыл бұрын
Mozzarti was shortened.
@johngarofano7356Ай бұрын
He confused him with Vivaldi😂
@ElectricalMonk35584 жыл бұрын
Economy of British empire Economy of Indonesia Economy of Iraq Economy of ottoman empire
@DixyBixy4 жыл бұрын
Indonesia and malysia could be nice to watch
@artman77804 жыл бұрын
The economy of Nigeria, Rwanda and Brazil.
@Crashed1319634 жыл бұрын
British Empire ? This is not a History site it does current economies only.
@virginiansupremacy4 жыл бұрын
John Smith it did Soviet Union
@stevenandre79694 жыл бұрын
@@Crashed131963 well, if it does? why the "economy of Dutch East Indies" exists?
@TheLocalLt4 жыл бұрын
The flag in the thumbnail is the flag of Iran not Italy… not just the direction (since you could have turned it), but the green is a different shade
@8paolo964 жыл бұрын
that's the correct green, i mean, it's green... It's the horizontal stripes that are really really wrong
@obvious_giraffe83864 жыл бұрын
Hungarian flag has the green on the bottom. Source: I'm hungarian
@TheLocalLt4 жыл бұрын
Richard Vasas changed it to Iran as you’re right I was thinking upside down, but I feel like this isn’t the correct shade of green for Iran either, which is more similar to Italy. Hungary uses a darker green than almost any other country with green in their flag
@mek101whatif74 жыл бұрын
As an italian, it seems an italian flag hold orizzontally to me
@simplecommenterlikeyou81414 жыл бұрын
you’re right but like shut up
@matteoconti61104 жыл бұрын
Great videos, but you forgot to mention Italy's biggest business: organized crime, estimated at 150 B€
@frafrafrafrafra4 жыл бұрын
Se soltanto quei soldi potessero entrare nelle tasche della nazione saremmo più forti della Germania economicamente
@silverskull76694 жыл бұрын
@@frafrafrafrafra in realtà parte di quei soldi entrano, almeno 4 miliardi di euro stimati. Questo grazie al riciclo del denaro da parte della criminalità organizzata.
@roborbiettinoisgone3923 жыл бұрын
@@silverskull7669 bene, adesso ci servono gli altri 146 miliardi e siamo apposto
@Udinanon4 жыл бұрын
It should be noted that one of the biggest issue of Italy is the use of public money: this has been a long time issue for the nation, born of political leaders who realized they could burn money for votes quite effectively. Public jobs in Italy are cushy, well payed, short hours and with amazing workers protections, and this is reinglforced in all public areas, both national, regional and local. This is a way to attract public workers as voters and political capital. And along the last 30ish years this practice has become more and more common in the nation, already plagues by an extremely high tax rate and inefficent tax collection, the collected taxes are redirected with every new coalition to satiate this or that interest group, pushing people into pensions for billions of euros, injecting money in popular companies, even with direct handouts or with constant subsidies of sectors. And voters love it, as populist leaders keep repeating this while lying through their teeth and as long as at lest enough voters keep getting their share, they keep voting them
@jwadaow4 жыл бұрын
It really is remarkable how similarly these nations have developed in line with one another... It's almost as if running an economy on inflation destroys the incentive to invest in the next generation!
@Monkechnology4 жыл бұрын
I love how you link geopolitics, secret action (like the Gladio network), history and macroeconomics in a single topic. Keep the amazing work, mate! And if you want to have a heart attack you should talk about Argentina.
@mattiamasella6022 Жыл бұрын
of course he does , since those subjects are the same thing
@househendoe75494 жыл бұрын
20 seconds in and we have footage of a Hit and Run in the Venetian Canals lol.
@hildenburg54 жыл бұрын
That's crazy you noticed that
@matteogirelli10234 жыл бұрын
Can you link the exact moment? I can't find it
@doja12444 жыл бұрын
@@matteogirelli1023 at 18 seconds but i dont think the boat actually made contact with the docked one
@Luca-ok6sw4 жыл бұрын
doja it doesn’t seems to make a contact, I think it only get really close
@kaen_tqk39184 жыл бұрын
Italy used all her *great nation points* on the Roman Empire, smh.
@fisharepeopletoo96534 жыл бұрын
Too much attention on the early to mid game with no heed for the late game. Shame, really.
@comradepolarbear69204 жыл бұрын
@@binarekoharijanto4586 Is it turkey
@t.gregory8354 жыл бұрын
Justinian gained a lot of Great Nation Points and could've made it the #1 on the leaderboard again. But the guys playing the ostrogoths and sassanids fucked over his playthrough. Not to mention the Black Death random event
@solarmaru494 жыл бұрын
Italians have been banking on empty ego and history for years. It’s about time the chickens come home to roost.
@Bamiyanbigasf4 жыл бұрын
Meatball McFall Justinian ruled Byzantine and modern day turkey not really Italy also Justinian would be considered ethnically Croatian not Italian so he was already doomed from the start
@salokin30874 жыл бұрын
Is Italy out of luck? All the toilet paper certainly is
@tesseygo4 жыл бұрын
We have bidets
@BobbinMcferry4 жыл бұрын
@@tesseygo Backwash redefined.
@pumpkin91ful4 жыл бұрын
Have a look at the Aussie 's assault at toilet paper in the Supermarket.....
@felipeiglesias4 жыл бұрын
We have bidets in here, you bastards!
@bluegreenish33944 жыл бұрын
we use the bide the proper one not that thing you attach to the toilet
@xmaniac994 жыл бұрын
Wrong flag, wrong music, great start.
@bruhz_0893 жыл бұрын
It’s the Italian flag turned sideways so right flag
@DavideGobbicchi4 жыл бұрын
Italian here, the main problem with Italy is the North-South divide: as it says here, the North is industrialized (2nd biggest industry Europe, 7th in the world) and wealthy (one of the wealthiest macro-regions in Europe), while the South is mostly agricultural and crippled with corruption and Mafia. The North-South divide has done nothing but increase in the last decades, and no me seems to be able to take proper action against it; this of course brings instability to the country as a whole. Along with this...many many people in the North want to separate from the South, which makes the country even more fragile. If Italy doesn't split into two by the next 30 years it will be a miracle.
@eusebiocordella68584 жыл бұрын
@@massimilianoferrari7860 io invece sono fiducioso, credo che abbia molto da dare
@eusebiocordella68584 жыл бұрын
@@massimilianoferrari7860 lo so bene,ma spero che questo sia un governo più coraggioso e capace (anche grazie all'Europa) in grado di sacrificare consensi per il bene comune, inoltre la maggior parte dei problemi derivano da leggi fatte a caso e burocrazia quindi (almeno per il centro nord) il recupero e la crescita sono fattibili, il problema è il sud: Nessun grande alleato commerciale naturale, dato che il mediterraneo sta una chiavica, poche infrastrutture, troppe poche grandi realtà industriali, geografia svantaggiosa e infiltrazioni criminali e corruzione maggiori che nel resto della penisola.
@eusebiocordella68584 жыл бұрын
@@massimilianoferrari7860 la statalizzazione è sensata solo se c'è un settore nel quale è eticamente scorretto lucrare o qualora sia troppo rischioso lasciarlo a dei privati (sanità, istruzione, in passato il sale...). Le restanti privatizzazioni sono inutili, uno spreco di soldi e mi dispiaccio che il governo anziché risolvere veri problemi (evasione-burocrazia-giustizia-infrastrutture-natalitá-leggi sul lavoro) si concentri su queste manovre acchiappaconsensi, ma la speranza è l'ultima a morire
@eusebiocordella68584 жыл бұрын
@@massimilianoferrari7860 voglio sperar di no, lo stato italiano è poco dove serve e troppo dove fa danni, lo statalismo non è una toppa quando qualcosa non funziona
@brianfong57114 жыл бұрын
Darth Vadar: The stock footage is strong with this one. Obiwan: Yes, I was once a youtuber, the same as you podcasters.
@pygmalioninvenus60574 жыл бұрын
The endless stock footage was actually pretty annoying
@HisShadow4 жыл бұрын
Having an economy that is based on exporting cheap goods suddenly joining a union and adopting its currency which is stronger than its own isn't going to help things.
@marcomolinari83544 жыл бұрын
We don't export economic shit my bro
@anonymousbloke14 жыл бұрын
@@marcomolinari8354 Italy used to be the go-to cheap goods exporter way before China, Japan and SK.
@reyxus94544 жыл бұрын
@@marcomolinari8354 we don't export now, but we had a times before joining the eu a higher gdp than the uk. Living conditions have slightly improved, that's true, bit most things went downhill from there
@marcomolinari83544 жыл бұрын
@@reyxus9454 bro we (italian) have a commerciap surplis of 4.5 bilions
@phantasmagoria75544 жыл бұрын
Exporting CHEAP goods? Really?
@rysnes4 жыл бұрын
"5 govenment changes in 10 years, nice try" - Australia
@illiiilli246014 жыл бұрын
Ryan Hatfield Yes, but actually no. The coalition is still the coalition, no matter who the nominal leader is. At least since 2012 at least.
@wesleydjodo88234 жыл бұрын
Belgium: you guys have a government?!
@francescoboselli60334 жыл бұрын
We don’t remember how fell elect a Prime Minister
@emilebichelberger75903 жыл бұрын
I not long ago discovered Clarke and Dawe. Brilliant duo.
@heaveninmay92084 жыл бұрын
I, giorno giovanna has become the pillar of Italy's economy
@alexmikhylov4 жыл бұрын
man becoming a pillar? like some sort of pillar-man?
@fs58664 жыл бұрын
Ayy ayyy ayy ayyyyyy
@rosoro4654 жыл бұрын
@@fs5866 AWAKEN MY MASTERS
@emilebichelberger75903 жыл бұрын
CONO DIO DA!!!
@FlagAnthem4 жыл бұрын
Italy is a sleeping giant
@_DD_153 жыл бұрын
In 1994 was the 3rd world economy for a very small period. Ahead of the UK, france and Germany. Only behind the US and Japan. It didn't last long tho. The potential is great, the administration couldn't be worse.
@_DD_153 жыл бұрын
@@massimilianoferrari7860 it.wikipedia.org/wiki/Sorpasso_(economia) 1991, quello del 94 non compare.
@_DD_153 жыл бұрын
@@massimilianoferrari7860 Sí invece in quanto a PIL, è stata di fronte alla Francia per 2 anni e per pochi mesi di fronte all Germania, sono dati storici, non lo dico io.
@_DD_153 жыл бұрын
@@massimilianoferrari7860 sulla Germania hai forse ragione, ecco l'articolo micidial.it/wp-content/uploads/2017/01/quartapotenza.jpg
@oj71773 жыл бұрын
@@_DD_15 pensa che prima dell'unità d'italia il regno delle due sicile era una superpotenza mondiale. Ora quello che era una potenza è diventato una monnezza
@miaquattrocchi81873 жыл бұрын
You forgot mentioning that here in Italy bureaucracy lasts endless times and it's complicated too, so starting and developing a new business is not that easy, that is due again to government inefficiency.
@mikehoot39783 жыл бұрын
Essatamente fratello. Italy needs economic freedom and less bureaucracy. It will take off immediately.
@thefirstprimariscatosicari68704 жыл бұрын
You kind of forgot to mention why the USA's stimulus only resulted in success in 2 and an half countries out of three. Italy's politics was divided between the Leftists and the we're-more-communism-than-communist-china-but-we-actually-aren't-because-we-are-christian Christian Democrats. The two actually collaborated because neither wanted the US instigated civil war that would certainly happen if the communists were to win elections (not that the US didn't try anyway, having founded coups and neonazi terrorists during the Years of Lead), and as such Italy settled on a mixed economic policy.
@didonegiuliano3547 Жыл бұрын
mixed economy built by fascism before the ‘liberators’ came with their bombs
@TomSmith-li5se4 жыл бұрын
Your video got really better recently. The description of the economy of my nation with its bad and good sides was very good .
@arunshankar66934 жыл бұрын
Corona virus has become the Lord Voldemort of our times , as "he who must not be named" syncs
@hman29124 жыл бұрын
After being to Italy and a lot of developing countries, it's hard not to notice a lot of similarities.
@davidedileo52902 жыл бұрын
Italy is a developed country and has a diversified economy.. it isn’t a developing country. I mean is in G7
@aaronbirook4367 Жыл бұрын
Italy is a developed country but so is Greece and Poland and Russia. So.. yeah
@kilerkai4 жыл бұрын
3:50 you meant west germany, right ?
@Veowolf58474 жыл бұрын
It's something interesting when you realize that the wealthier areas or always in the colder regions of any given country. Italy is a good example since the wealthier areas are in the northern part where its colder.
@ldc03224 жыл бұрын
Veowolf I mean in the Uk it is the opposite, so I think is more a temperature range where humans tend to be more efficient
@Veowolf58474 жыл бұрын
@s1 I wouldn't call greece a wealthy country and china plays to my theory that the more tropical the climate the less industrial it is. Seeing as China is a has warm climates that are wealthy is mostly because they dont care about preservation and tourism as much. What I mean by what I said is that tropical areas make people want to go into tourism which tourism has its limits. While in colder regions people really dont care and industrialize.
@maxibon21294 жыл бұрын
@@Veowolf5847 This theory doesn't really make sense and in Italy the wealth discrepancy is due to historical reasons and mismanagement after the unification.Not because the north is colder.
@Veowolf58474 жыл бұрын
@@maxibon2129 all because it's a theory doesn't mean I'm right
@maxibon21294 жыл бұрын
@@Veowolf5847 Yeah i'm sorry if i was a bit aggressive it's just that it's never that simple lol, also gotta flex that history knowledge
@muranieum4 жыл бұрын
I honestly can't believe people are complaining about the music because it's not from an Italian composer. I don't recall Economics Explained putting oriental music for economics of China. He put Tchaikovsky for the economics explained for US. The music shouldn't be the focus for the video, the main content is the actual concepts that are discussed in the video. Instead people are making a fuss about how he put a German music in the background. Why?
@AMgangwolf4 жыл бұрын
0:16 the guy in that boat nearly took out the stationary boat lol.
@8paolo964 жыл бұрын
in venice it just works liek that, just millimiters to separe different boats and the bigger wins every time
@mattpotter87254 жыл бұрын
I find it staggering that a video on the economics of Italy doesn't mention corruption or the Mafia!!!
@wavemaker20773 жыл бұрын
If you watch all these videos about the economy of the countries, you will notice that they don't mention corruption at all. If ever they mentioned it, they mentioned it just in passing and never really focused on it.
@zeto_on_drugs65613 жыл бұрын
Mafia isn't just an Italian problem, and italy's not THAT corrupted at all
@stefanoscacco4593 жыл бұрын
"this is how we've always done it". This really hit me. There are many unresolved issues in my country that are being totally glossed over by the media, but to me our stagnant mentality is the biggest one. Everything is rigid and nothing really changes around here, as if time were frozen. Whenever something new arrives, and new ideas begin to spread, we immediatly mock them, and dismiss them, defending the status quo. Innovation is seen with suspicion, because we believe tradition defines our identity and that's what we are accustomed to. "so, you're using mechanized machinery to produce food and harvest crops? You're a monster! Didn't you know that pasta was originally handmade by our great grand parents? Pay some respect!" "Oh, you have found a new, cleaner way to produce steel? Don't you care about the thousands of factory workers who would have to change jobs and learn new skills? They already have to fight the cancer they got because of how steel is already made, don't put this on them too!“ There is even a common saying that addresses that, it says that "it was better when times were worse". It really is a passive, resigned perspective, and we as a nation choose to accept our problems, to suffer and do nothing about it, rather than try and fix them. And finally, we justify our laziness by saying that if we resolved our issues, it wouldn't feel like our home anymore, and we couldn't feel special by complaining about how bad things are, and how smart we are by knowing that things are bad and doing nothing about it. I kid you not, lamenting bad infrastructure, corruption, criminal politics (and bad soccer) in everyday chitchats is a national sport in Italy. This ranting that I'm writing is proof of that. I have seen strangers bond in pubs over ignorant comments about how mental our fiscal policy and bureaucracy are and how bridges and homes and schools and hospitals are falling apart. I really hate this place. But the pizza is also good, so... Tough decision
@stefanoscacco4593 жыл бұрын
@dnpe86 Exactly. I remember that when we had an exchange student from the US, he actually told me that he used to have a part time job and that he quit so he could come to Italy. He said it wasn't even the first time he quit a job to travel, and that he had previously worked in five or six different places. It blew my mind. Here something like that is unthinkable. You found a job? It better be the one because you ain't getting another one, or at least it gets harder to find new employment. My grandpa had only one job. My mom had a part time job in college and now a full time job that she never changed. I have two friends who already work, and it feels like they believe this is what they'll be doing for the rest of their lives.
@raykleiner31514 жыл бұрын
Having lived in Italy for years, your analysis is not so bad, The country's balance sheet may be shot but the current account is always positive. In other words, its a cash-positive economy and very liquid. Italians do not have a debt culture like the UK or the USA (or even Australia), they actually save. So, if we can address the musical chairs of changing the government and encourage entrepreneurialism - the young people here are very talented - then the future will look bright.
@gemulgaming40144 жыл бұрын
*Italy economic exists COVID-19: I'm gonna end this country whole econony Pray together for Italy during the outbreak, may the people that infected will be healthy again and those not infected always be healthy... May the god save the country and the people leave there... May this epidemic disappears as soon as possible...
@giuseppesansone5154 жыл бұрын
Well-nigh accurate analysis, I think you didn't mention two major problems of my country: - corruption and clientelism; - poor investments in education. If our governments took proper care of our education system and made it functional to the needs of 21st century labour market, we would probably enter a virtuous circle for regrowth.
@adrianv.v.44454 жыл бұрын
Please do a video about Spain! I think it has a similar economy to Greece or Italy (regarding instability, debt, etc.) but I think it would be a good idea to analyze its major industries and its dependency on tourism (and the problems that the decline due to the well-known disease can cause, like in Italy).
@thefirstprimariscatosicari68704 жыл бұрын
12:41 The Italian Republic has had 71 governments in its 74 years of existence. The problem with the modern ones is that as Parliament was gradually stripped of its power and transformed into a mere yes-men for the government, the falling of one has become synonym with either anticipated elections or technical governments. In the past instead the same parties of the old government could just make a new one, and nothing would change as Parliament was the organ which held most of the power.
@yarpen264 жыл бұрын
Maybe Japan to an extent but Italy's nothing like Germany. (West) Germany hasn't gone through a life-shattering economic crisis since the war and it has always had the lowest unemployment rate.
@lokibau2 жыл бұрын
lol eccolo il complottaro
@tim.55974 жыл бұрын
Could you please make a video about the economy of the Roman Empire
@darthsidious48944 жыл бұрын
Roman empire when ? If it would exist today ? During its golden age ? Or after the 3rth century crisis ?
@tim.55974 жыл бұрын
@@darthsidious4894 about 100 abc
@zackery54113 жыл бұрын
“RED TAPE” is another word for “REGULATION”. Anyone who has never been in business for themselves does not understand the mountains of regulations that exist.
@debrajenkins16224 жыл бұрын
Italy, we love you!!!🌈🌈🌈
@derekmarlowe5224 жыл бұрын
There are huge districts in Italian cities that have Chinese sweatshops producing lots of 'so called' Italian labeled goods. They can be exported with the 'made in Italy' label because they were actually made in the country (by Chinese). People are catching on to this and are increasingly unwilling to value the country label.
@gabry96colo4 жыл бұрын
There are other labels aside for "made in italy" that guarantee the quality of the product like DOP( denomination of protected origin), DOC( denomination of controlled origin) and IGP (certified protected origin). we italians know that many other abuse our name, so most important products have also theese labels. Also even if products haven't theese labels most of them are high quality too beacause laws about foods are really strict and manufacturers have to use "higher than average" quality ingredients even for common food. For other goods like clothing laws are not so strict and we don't have other labels, so i think the brand and the materials used are more important
@shottskies4 жыл бұрын
You have to at least mention Italy's Mafia problem, affecting the economy, life, and politics - particularly in the south if I'm not mistaken. 'Gomorra' is a film about this
@DavideGobbicchi4 жыл бұрын
Yes. Mafia is in the South.
@Hastdupech85094 жыл бұрын
@@DavideGobbicchi It is strong there but it's been some decades that it started moving to the wealthier North. The guy in the video should have mentioned North South gap and, as a cause of it, mafia. But no, let's americanize everything
@VinceroAlpha4 жыл бұрын
I'm a huge fan of Archer and always knew it was a well written and researched show, but I didn't know they went to this degree of research and detail good god!
@gammaray1524 жыл бұрын
kinda wish you'd go a little bit more into the history of Italian economy considering Italian unification only happened in the 19th century and and that "wealth gradient" you mentioned following the pre-unification states so its worth exploring why.
@redshield21174 жыл бұрын
Everything is so inaccurate, anachronistic and grossly americanized to make it easy for Americans to understand...
@aranielleb77184 жыл бұрын
Indeed.. Poorly done.
@21Matt54 жыл бұрын
He’s Australian so...
@ukeyaoitrash26184 жыл бұрын
Wow, this economy looks *SICK*!
@carllarsen3 жыл бұрын
i loved italy. was there in the mid to late 70's. you did have to look out for the red brigade, but overall it was fun
@sorryidontspeakenglish30604 жыл бұрын
Could you do a "The economy of France" ?
@kolerick4 жыл бұрын
I would say it's almost the same as Economy of Italy, but on streroïds...
@sorryidontspeakenglish30604 жыл бұрын
@@kolerick Well, that's not really what I would call an economic review ahah.
@masterofpureawesome4 жыл бұрын
12:58 it's funny seeing them fighting when I've already seen the footage of them becoming homies
@marcusj11674 жыл бұрын
“The sickness that must not be named” that’s funny. That sickness has become completely political
@thedude5793 жыл бұрын
The Italian problem is that everyone wants to become a public servant. If you have one public servant in your family the rest of the family can go about doing what they like: siesta and aperotivo, building homes, farming, hunting, fishing, sunbathing, preparing great food, repairing cars and scooters or sitting in a cafe-bar half the day chatting to others.
@FernandoRojas-du3sg4 жыл бұрын
"Inflation needed", this sounds very, very keynesian.
@aliciaseelentanz4 жыл бұрын
I just wanna say, early in this video you said that you don't need to explain certain things to people watching an economics video. Well I actually consider myself completely ignorant of economics so I guess I miss out on some of the common knowledge most of your viewers have. Though admittedly I understand a lot more than I did because your videos have been very interesting and informative even for someone with no prior interest. Well done again on another good video, I look forward to seeing more ^.^
@albertootero61264 жыл бұрын
The geographic inequality is so true that my Italian teacher (from Venecia) called the people of the south sub-Africans lol
@fabiooliveri50054 жыл бұрын
And you find that funny?
@BigRodd914 жыл бұрын
@@fabiooliveri5005 yes!
@pumpkin91ful4 жыл бұрын
I'm feel sorry for you that used to have a so idiotic teacher .
@XxXgabbO95XxX4 жыл бұрын
Lol i bet that he would never do such a thing back in Italy. This really shows who these people really are; they never stopped having these kind of sentiments for southern Italians and this is proof.
@8paolo964 жыл бұрын
Yeah, that something that north italians aren't really happy of, Northern Italy's like the locomotive of the italian train and sometimes it's a pain in the ass work to drag the south of italy, that becouse while we're working they're probably having a coffee break
@notafox4 жыл бұрын
I am Italian and I must say that this video is very accurate. I would just add the fact that Italy's economy is heavily damaged by very high corruption in the government. It is one of the most corrupt in Europe and it's something that can be seen by every citizen even at a local level. This causes the country to have excessive tax regimes that both scare off big companies that move their businesses in other countries, and causes tax evasion when citizens don't see all the money they pay to the government used well (due to corruption)
@mrsherman42604 жыл бұрын
Do a video about Spain's Economy please!
@renatorodriguez508611 ай бұрын
During decades I have read articles and watched news and videos containing apocalyptic predictions about the imminent, unavoidable and catastrophic collapse of the Italian economy, but it has not happened...
@hothoploink15094 жыл бұрын
Thanks for mentioning "easy street". Now that song is back in my head >:-|
@playgamepark3 жыл бұрын
The north and the south economic split is something I have heard from southern Italians. Riding the train from Catania, Sicily to Rome (An amazing train ride which literally takes the train and puts it on a ferry and assembles the train again on the other side) one guy from Sicily told me that he was going up near Milan to work in the diaper factory. I asked where he is originally from and he mentioned that he is from Sicily. I asked why doesn't work where he is from and he mentioned that he would get 1/3 of the pay if he worked the same job where he is from and he can not support his family with that. Thus, he goes up north to work and sends the money home.
@lokibau2 жыл бұрын
that's geographical inequality. Plus, you'll even hear northeners (mostly neofascist) making nonsensical racist arguments about it. The video doesnt mention the big problem in the education of this country.
@MarkWTK4 жыл бұрын
perfect timing edit: EE, do you have any future idea on the "Repo Markets" ? thanks.
@mafiousbj4 жыл бұрын
Thanks for reminding me how good Archer was! Need to watch it again when they finally get around to finishing the actual main story
@piersquareddotnet4 жыл бұрын
"Macroeconomic Infinity Stones" And Coronavirus is the snap
@MG-vo7is2 жыл бұрын
I watched that episode of Archer. Must re-watch soon.
@drizztcj4 жыл бұрын
It might be interesting to talk about a different kind of stagflation: the kind that North America has had since the 80's where wages stagnate despite fairly low unemployment.
@clutchyfinger4 жыл бұрын
"Hand in hand with growth" Great to be here in 1980's America!
@mrdot11264 жыл бұрын
the economy worked just fine before investments and stock exchange was a thing... the issue is, if we halt productions now, it means losses for the investors, thus de-valuates everything.. we are so stuck up with profit margins and this and that rates, that the world is in a constant 24/7 numbers game cycle.. and if it stops, somehow its the end of the world....
@TomSmith-li5se4 жыл бұрын
In other words we are leveraged
@carlwoods74902 жыл бұрын
Don’t sell yourself short my good man. I’m not an economist but a humble artist and I love your videos. Maybe I should have taken a few courses on macro economics.
@aranielleb77184 жыл бұрын
Discussing Italys economy without acknowledgement of the EUs influence..
@halwag3 жыл бұрын
Rewrite: Any discussion of Italy's economy must include the influence of the European Union.
@franciscoluisnoguera24904 жыл бұрын
Don't talk about inflation if you haven't studied the Argentinian case yet. Inflation helps people invest and create growth but it is no better than the security of 0% inflation which creates far more stable prosperity. Look at Argentina in the 1990'.
@christophertito81184 жыл бұрын
2nd Petition to make a video about the Economy of Indonesia
@Vibranium6033 жыл бұрын
I have moved to Italy this year to pursue higher studies. So this video peaked my interest. Good job.
@Gstrangeman963 жыл бұрын
Thanks for contributing to our national economy! Sorely needed.
@TheDarkever4 жыл бұрын
Thank you for covering Italian Economy... and good job at it! You covered all the major strong and critical points of our economy and even told me some things I wasn't aware of :) The only detail that I would add to the video is about our humongous debt and tax evasion: our debt has been mostly created during the 'lead years' (roughly from '70 to '90) because governments at that time kept overspending and running the printing machine despite economic stagnation. Nowadays this unfortunately causes very small space of maneuvering to any government that takes power... and unfortunately very very few lawmakers actively want to fight tax evasion, which in my opinion would be the fundamental part of a long-term solution. So many Italians have become so used to small petty tax evasion that this kind of policy is very unpopular... which is of course RIDICULOUS because tax evasion benefits richest people the most, but it's not easy to change a mindset that has been around for 40+ years.
@AgentSmith9114 жыл бұрын
Half of the Italian economy is grey and black market transactions. Now that the northern industrial part of the country is shut down, I don't expect Italy's economy to do very well the next few years.
@MP-mh1tu4 жыл бұрын
half?
@thebrognator35244 жыл бұрын
As an Italian, let me explain how our economy works: try to give old people all kinds of benefits possible in order to cannibalize the youth, because they make the vast majority of the country, and always leave something for our mafia friends.
@Valaens4 жыл бұрын
Sorry, but you use way too many fade transitions, and they're very slow. Since you continuously change clips, a huge part of your videos is just transitions. I love to listen to them, but this is too bothering to actually watch them as well.
@bryantgiles18094 жыл бұрын
That feel when he forgets the greek civil war post ww2
@arenxeth4 жыл бұрын
I'm italian and I think you did a very nice work to explain our economy. Nice video👌❤️
@dyrasuwandi41134 жыл бұрын
I love your videos! They're amazing! May I suggest doing a video on factors that contribute to economic success of entrepreneurially savvy minorities? Jews in the West Overseas Chinese in SE Asia Indians in East Africa Lebanese in West Africa Keep up the great videos!
@bluesm42714 жыл бұрын
Yo keep up the good work I need more from this channel
@Attritionist4 жыл бұрын
Will you be doing "The Economy of Turkey" any time soon? thanks.
@EconomicsExplained4 жыл бұрын
All countries will be done eventually, but I have not started research on turkey yet I am afraid
@samraatbharat63254 жыл бұрын
THE ECONOMY OF TURKEY *shows Azadi tower* *shows ruins of Persepolis*
@dazzlebreak44584 жыл бұрын
@@EconomicsExplained From what I have heard/read, it would make for a very interesting video, especially considering Turkey's recent development.
@TheBigTala2 жыл бұрын
We fixed the problem of changing government every two years! Now we change it every summer 😎
@torginus4 жыл бұрын
Please do one on a post Eastern Bloc EU Country! (Poland, Slovakia, Czech Rep, Hungary, Romania, Baltics etc.)