Damn, real algor hours

+1

@@scotthardy6485 more like psychotic gaslighting girlfriend who "knows whats best for you": blog.youtube/inside-youtube/the-four-rs-of-responsibility-raise-and-reduce

Liking comment so algorithm does the same. Thank you minions!

Also doing so by commenting on your post to piggyback on its targeting/tagging.

Totally agree this is a large problem in politics. There is no compromise at all.

Actually, when you tell your oponent that he or she is right you might surprise him or her, which might help you to quickly counterstrick.

He is also guilty of this. That’s why he supports all this mass migration at the same time as being fully aware that Greece can’t pay for it. He admitted as much when he was finance minister. He knows it’s not possible but won’t speak against it.

@@focast1825 They all ignore and are silent about the fact that the most developed countries are responsible for mass migration. Afghanistan is the most recent example. We keep shipping weapons around the world and in countries that certifiably opress their people. As long as the benjamins keep flowing, no politician will ever ask the hard questions. It might damage their reputation/destroy their careers. I am really fed up with the apathy of reason in world politics.

@@over-cn7qw After the economics of Politics, became a dominant feature of the system, the voice of reason, from humans of lesser incomes, became unable to be heard..... The size of the economics has influenced the ability of the majority to influence the conversation of economics in our contemporary social system. Democracy coming from Greece in the form of study of the economics of politics, illustrates how the money dictates the terms that the majority of humans at one time were able to overcome. The concept of populism faces Economics as it attempts to overcome the corruption that Fiat Dollars has enabled.....

100% I'm not even into economics but this was amazing.

​@@seandavey7085 Ideology is like that, when in primordial soup form, we can only feel the frevor it brings at the same time unable to point at what's so special.

I think this musical documentary "Obey": Temujin Doran (StudioCanoe) taught me economic history in 1.5 hour entertainment (the music will save your from tears)

You can translate the subs for your language. :-)

Awesome! In which field are you working?

You wouldn’t believe it how many economic (and for that matter political decisions) are based on astrology. The difference between economics and astrology is that the star gazers usually get it right. Trust me, I know this because I am an astrologer albeit I am no expert in so- called mundane astrology (the branch that deals with politics and economics).

I'm also an economics major. I was actually contemplating whether I should study economics, physics or mathematics and I end up choosing economics. I realise the more I study economics, the more cynical I become towards the subject. Sometimes I think I should've went with my first instincts and study applied mathematics instead but it's too late for me to change course now. I had the exact same thought as Yanis with regards to the simple equilibrium model in comparative statics so I went on to search about comparative dynamics. Turns out there's a paper that's written by Paul Samuelson in 1941 about comparative dynamics but it was never introduced to the economics undergraduate curricula in ANY university. Why is this the case? Is it because simple models are easy to understand and convenient to teach? Where's approximation theory, dynamical systems, entropy, complex adaptive system that seems to me more useful and effective mathematical tools (if economist are so determined to model economic phenomena) in studying economic and social systems. Trying to "predict" individual behaviour as we do in constrained optimization is a futile endeavour. It makes more sense to me to focus the mathematics of complexity and dynamical system and apply it to economics at the _aggregate_ level, rather than _individual_ level, to yield more meaningful results. I also wonder why isn't the humanities side of economics being emphasised enough (or at all in some universities like mine). Why isn't the history of economic thought being taught as a core subject in university? Where is the human aspect of economics? Where's the historical, sociological, psychological, political and philosophical aspect of economics? Aren't we studying humans and not atoms and molecules? Why is only math being emphasised, yet emphasised on branches of math that isn't that helpful to economics, and the human aspect is totally being disregarded. This all seems counter productive to the study of economics which is the study of humans' behaviour that aren't quantifiable. So it seems to me that economics undergraduate curricula teaches the wrong (or simplified/unrealistic) mathematics, WAY too little emphasis is placed on the human side of economics and the subjects becoming more ideological rather than seeking the objective truth. That being said I still enjoy the subject, just don't enjoy that false theories being presented as the truth, and I wish to study all the way to PhD to become an academic economist to reform economics.

@@dariuschong4574 I am 33 now, and having changed career paths so, so many times in my life since undergraduate school (I am now actually a farmer!), I want to encourage you to say it is never too late to change course in life, re-evaluate, and do something else if we are feeling frustrated with our subject. Our minds like to cling to the idea society tells us, that once we make choices a-b-c, it logically leads to choice d... what if instead, we actually come to realize that there was no choice in the first place, and every waking moment offers us a new chance to change the course of our lives? It is an incredibly freeing way to live, and surpressing our "logical" minds that comes up with all sorts of excuses in relation to finances or commitments doesn't understand the reality that THERE REALLY IS ONLY ONE LIFE HERE AND WE ALL ARE GOING TO DIE! Which actually leads to an interesting point that is a common thread in taught in economics, that all people are making choices from a point of selfishness/in their own self interests. What happens when I stop myself, notice where my thoughts are going, and conciously use my will to decide to think something different instead? I have changed my life and way of thinking so many times in life that it is very easy to realize how ridiculously simplified the thought that everyone is working in their own self interest is. The world is so incredibly complex and beautiful, so complex that it can never be mapped out or understood in the entirety, and that is the beauty of it all! So when I read your reply and find you frustrated with your major, and especially you working from a point of negativity ("this subject has major issues, and I want to reform it because of that"), I would encourage you to find a subject or idea in life that allows you to work from a place of positivity. It makes life a lot easier and is a lot more enjoyable really, and leads to a lot of joy and happiness to think positive thoughts and work in a field that breeds positivity, instead of working from a negative place and trying to "fix" everything, which of course we know never happens and never will happen. Nice to read your post, I also contemplated being a physics major, but I realize now probably the best decision I could have made wasn't deciding which major would lead to which path I went down in life, but understanding and having the confidence to step outside my own mathematical/logical based mind to realize how beautiful life is and how wonderful it can be to start fresh with something new when our old paths in life feel "stale."

@@nineallday000 Well realistically speaking, it's quite difficult for me to change course right now due to various factors... It's not that I don't like economics. You see, economics is about learning how people make choices to maximise their satisfaction given a certain set of constraints. I've read several books about economics and I thought some of these problems that economics is trying to solve is not just interesting but important as well. Economic theories have the ability to impact thousands, if not, millions of lives around the world. Keynesian economics have impacted billions of people all over the world now. So I see economics have a more direct impact on society as opposed to mathematics or physics. What I find frustrating is that the university economics education doesn't actually teaches you what the subject intends to teach you. I'm learning about make believe fairytales (assume this, assume that, consumers are rational, more is always better, no information failure, perfect competition, etc.) rather than truly understanding how the world works or how humans behave. Economics professors nowadays aren't critical thinkers themselves despite having decades of experience along with their PhD. They're being indoctrinated by neoclassical economics ONLY and presenting ONLY one out of the nine school of thoughts in economics to their students. They teach students about these models as if they're fundamental laws of physics and most students seems to just accept them and not think about the implications behind the mathematics. When I listen to people like Yanis Varoufakis and Ha Joon Chang, read books like Poor Economics or Capital by Thomas Piketty, I get a breath of fresh air, I become interested in the subject. I _know_ there's more to economics rather than just dull 19th century mathematics used to solve constrained optimization problems which reflects nothing in real life. I'll just continue reading and learning more about economics outside of classroom to keep myself motivated and stay curious. It just seems to me that there is so much more to economics than what we're being taught in university. I fancy the idea that one day I'll be working on things beyond mainstream economics.

What's wrong deserves to be forgotten.

it definitely sounds like a good fix to economical maximalism. It should at least teach kids to be more critical of the current turbo capitalist norms, and it should at the same time safeguard againsts left wing excesses. To me it sounds sane, practical and very very liberal, in the classical open knowledge sense. The only problem here is that he is 1 man, we need more, and the kids don't know to ask for this

Most people do not go to school to become researchers or scientists. They go to school to get the tools which would allow them to accumulate Wealth for themselves. (I want to know the stuff that gets me money) Researcher and Scientist must learn to write books, proposals and deliver lectures so that somebody with Wealth would give them the opportunity to study ALL approaches to economics, etc. What is the role of schools in a society ? It must be to make you Wealthier than the others, not to make you a cheap labor source for the Professors, as most commonly is the case.

@@reasonerenlightened2456 Yeah that's poison to humanity and very selfish, how many people want to work on anything just to acquire wealth? or they are forced to work? You don't think humans would want to use their habilities for the help of everybody in a world were you basic needs safe, and have some money to spend? what a reasoning...

@@edh615 The engineering task is to make Laws and Legislation resulting in a generous, altruistic, humane, just society made of selfish, petty, greedy, backstabbing, treacherous, vindictive, self-absorbed individuals.

You and me both.

I started off as an Economics major but changed to political science when my Econ classes put me in the same situation as you. While I do not have an econ degree, I still very much consider myself an economist. Yanis has answered so many of my questions and has given me a path forward towards my graduate and doctorate pursuits. So glad I found him.

@@NewAgeNomad93 Yanis certainly is very charismatic figure. He has inspired many.

yanis used to be a profesor for the university of Athens , this is where i am studying economics right know and we are actually using his book there. Here we are learning a lot more than the mainstream neoclassical staff .

That's what I get when I try to study economics. Just big jumps and assumptions at every turn.

its quite chilling

Like when New York Times gave a generation bad health advise. It was free, uncritical readers were the product, sold to big pharma. Then Facebook, Reddit etc came, and people tried figuring out the truth from the lies. But the disbalanced power relations make it an unstoppable binary fire pit of truth and lies. Money printer goes brrrr....

When YANISary(ies) start speaking...1000 working positions left Greece for Usa, uk and lately romanias n bulgarias...

@@vasilykatuma5689 One thing is for sure, the capital will always search for the cheapest labour. This is called race to the bottom. That is what the world is doing, and the governments can compete, who is able to provide the best conditions for investment. The ultimate best for them is slave labour. Unfortunatelly Yanis is a leftist, and he cares about his country's working conditions, and that example is a dangerous one for the international investors. That is why they crushed syriza. People should not see, that There Could be an Alternative. Only allowed and promoted alternative is far right, which is disaster capitalism with no human rights. For me, I would not blame him, if a 1000 job leaves the country. He is just working to build resistance against the inhumane system, that destroys our planet. But they didn't punish him with that 1000, they just democratically imposed credit line freeze against them, just to ensure, that everybody understands, the democracy is just the blue color of their flag, but nothing more.

Hi Google!

If you continue to seek knowledge you will learn more on your own than in high school, keep it up!

Bravo! Ditto with the previous comment, you will have a more open mind without the precinditioning happening in university

And how do you make money?

How Do you make money?

Read Voltaire Demba, its a very nice reading that can open you multiple universes,

This attitude is very common among Swedish students , that is "there's no authority". We are thought to think and read critically. But, this is not always the case of course.

That's cute; you're under the impression that's not already true for anyone who's a first year econ student, plus, market fundamentalism is already the world's secular religion. More, more, more...nothing's ever good enough for the ruling classes.

@Wanderchris he was teaching in athens? Didn’t know that. For how long and in which uni!?

@Wanderchris ok I think I understand in which department. He is great!! Thanks

Hi I'm a first year student here in Greece,studying economics in EKPA...the thing is that he hasn't shown up at all even though he is supposed to be a professor.

@@user-eu9sr1os9o His duties have been suspended since he is in the parliament now He said that in this video I think

I will echo this. As Varoufakis argues in part, we need to begin to have an open and plural discourse.

Do you want to translate it to your language, if it's not on the list of subs?

@HelioPyres Congrats to include Marx into your sentence. Did you read the Capital too?

@@andrasdudas8226 I'm ok with translating it to Portuguese but last time I did something similar they could facilitate the text in English so I could work with it. Should I translate the autogenerated subtitles? How do I send the final text back?

You should really check out what's going on in Mexico. AMLO is trying to separate economic from political power. The elites, from unscrupulous local businessmen to the international press are trying to derail his plans. Quite a case study.

@@goxdie000 Same thing happened in South Africa under Nelson Mandela in the 90s. He literally sold out the country. The same "privatization" has been happening in the U.S., and the "Great Reset" is about to make it official and global.

@@omegablack7135 I mean, in Mexico it's quite the opposite, but international media simply writes off anti-privatization measures as "populist". That's why we don't hear it in the rest of the world, but we gotta unite in the correct path.

@@goxdie000 oh, I totally misunderstood. If that's the case it reminds me of the Zapatistas, and yes, we must unite againat the corporate forces of death.

So true 🎉🎉🎉🎉🎉❤

Because time yet hasn't come to implement his ideas 💫💡 💫 in the real world 🌍🌐🌍 😕simply won't happen .•°

​@@farrider3339 He tried that in Greece as minister of Finance and failed miserably. Even his own radical left party realized that his plans were ridiculous and replaced him. His idea of an economic plan, was to threaten the E.U, that if Greece goes bankrupt, the EU would collapse economically. His plan to "save" the EU was by giving him a blank check with money from the ECB.

@@kostbad : the way me remember Y.V. story - He tried to blackmail "aLL the rest" with the threat of leaving € . Which is a tactical move in the first place. When negotiations begin or better prior to that the opponents create (!) a mass for the negotiations about which one is willing to debate upon and reduce the absolute content in the course of the negotiations. Rocket-man 🇰🇵 does exactly the same , but there's nobody there that would seriously negotiate on this with him. Except 🇨🇳 who is kinda nanny for dangerous paranoid dictator Kim. Me nOt sure whether an ordinary politician has a comparable comprehension of economix and the financial market these days. Me doubt that emphatically. The narrative created by both sides in retrospective , is highly questionable and debatable (ad nauseum). The way Y.V. sees himself is more like a door opener to a different mode of tinkink 💭 and dealing with the issue of money 💵💸 flying around the virtual 🌐 sphere of global finance market system. Of course none whatsoever liked his proposal's. And the 🇬🇷 political establishment , i'm sure , did some nice offers to leftists on a personal level (💵💵). So Y.V. left the scenery. He himself said the 🇬🇷 demos didn't vote for Syriza party because they wanted left agenda in their country , they voted left for banging those in charge up to this point. Maybe You have somting to add or correct. Me onlY live on hear say. Me wasn't present in any of the green rooms .•°

@Karl Marx : me like humorous people .•°

@@kostbad False. He did not "try" anything in Greece because his own Prime Minister who appointed him betrayed him and stabbed him in the back by rolling over in submission to the EU capitalist banks and their austerity demands.

Except when it is much closer to religious supertitous dogma.

Well philosophy is great but at least economists are able to look at data and know something about maths. Econometrics is not an opinion or belief.

@@a.g364 you really should study some philosophy of science

@@alfredofloyd and you really should study something about maths, statitics, econometrics and economics. Pedantic and arrogant! Did I hurt you cause you're a philosopher?

@@alfredofloyd If economics is similar to a religion, philosophers are priests that do not believe in God but they create their own religion and only believe in their own abstract thought( without any empirical evidence). Philosophers of science are the ones that wonder if something can be considered science or not in the meanwhile phisicists, chemists even economists try to understand the reality and solve practical proplems

See Amos tversky and Daniel kahneman. Nobel Winner in economics, and psycologists.

yes. Dr. Ramani once wrote that advertisers (aka propagandist) make better psychologists than actual psychologists. they understand us so well they can shape us. thats what the surveillance is actually for. to improve the algorithm and keep us consuming content. attention is currency now

Edward Bernays was the nephew of Sigmund Freud and applied Freud's insights in order to create Public Relations as we know it today. Bernays was in Europe after WW2 and wondered how the subconscious could be used in times of peace. "Edward Bernays and Group Psychology" on YT.

I mean what is economics but sociology+ money and what's sociology except the phycology of lots of people... Makes sense to me that it's useful

@@Floxflow They explain human behaviour and decision making through their heuristics definitions

Said everything!!! Congratulations!!! Ridiculous this video !!!

Yeah, less dumb dumb left thought you said it! More libertarianism!

@@fatpotatoe6039 *anarcho-communism - which is a branch of liberalism that necessitates central power to be dissolved into the power of regional and local democracy Join your local food charity drive

Tankies are ruining the left

@@fatpotatoe6039 no, libertarianism (in American meaning right libertarianism) is a childish system of legalized feudalism that would also be terrible for growth and stability, and it’s the opposite of everything he’s saying in this video. Unless you mean left libertarianism, which I used to align with but don’t think makes much sense now: you need a centralized state for some pretty fundamental things like environmental protection among others

Good to see Indians here.

Are u talking about austrian school of economics?

@@orlindomachengo6556 NAh, I am talking about the neo-classical school, although the both share major things, such as the action axiom and other things, Neo-classical school is like an ostrict which dips its head into the sand to avoid trouble, AUSTRIAN SCHOOL IS MUCH RICHER THAN NEO-CLASSICAL, it uses time, capital, structure of production among other things, which neither neo-classical or keynesians do

@@vibhuvikramaditya4576 you are mistaken, you should deepen economic theories, austrian and neoclassical (mainstream economic theory) schools are irrelevant in the field of economics. Shumpeterian, developmentalist, Keynesian and heterodox theories are the best.

@@orlindomachengo6556 That is precisely my approach but I don't think any one field claims superiority over everyone else, I have read keynes himself, and his successors, I don't understand what you mean by developmentalist, but each has their own stronghold over certain areas, the problem that keynes and his successors run into is negation of capital, structure of production, and time, all these are richly developed in classicals like smith, ricardo even marx to an extent , but austrains have developed it the most, the more important point, I want to reconcile and synthesize every stream into one coherent set of logical structure, rigid dualities of right and wrong has no place in our discipline according to me, The neo-classical tools and their paradigms are also powerful in certain areas. I have a strong belief that in the end economics should reign supreme, so words like heterodox and traditional don't make much sense to me. Thus none of us should claim or live in the falacy of the notion that they have the exact version of the economic truth, instead look to search for truth with every possible lens available and then articulate as clearly as one can in either word, or mathematical statement.

to make new friends?

@@alexandrelvao you want to pay thousands of dollars...to make new friends?

I have such a bad cold... but it’s not the Chinese one... are u sure prof?

@@92zane92 what?

right! the new BC- Before Coronavirus

@@ff-qf1th 14:10

is this on January of 2021 ?

This was in February 2020. Corona was already quite big back then

@@oliverradivan434 wasn't it February 2021?

@@pc...430 it was published on Jan/2021 so must have been earlier.

W

It is. But honestly, with the pandemic and all the billionaires organized through the World Economic Forum new fallacy "Stakeholder Capitalism", the fuckers still win and we loose.

Sorry, Yannis is a sympathetic guy for sure but this is really 100% bladderdibla. No idea what he is talking about. Something about Capitalism and banks being the evil cause of everything in general and by extension of what happened to Greece. No Yannis. Greece was doing just fine with its weak Drachma which perfectly accommodates its relative modest competitive labour force to compete with northern Europe and made tourism relatively attractive. In came the Communists of the EU who imposed the EURO onto the poor greeks and prevented them to simply print their own currency like they used to. The greeks had to resort to lending and made good use of the lower Euro interest rates lending gigantic amounts to fulfill idiotic promises to the people by corrupt national leaders. Soon national bond rates started to rise. Then the Marxist EU again intervened and disrupted the markets by lowering the Greek rates artificially by forcing other countries to take there loans on far too low rates. The Greeks lost their competitive advantage of a weak currency and had to debase their incomes nominally to compete internationally which caused lower tax incomes making the high debts even more unsustainable. Don't blame capitalism. If markets where left alone, Greece would have defaulted and be prosperous at this very moment. The Marxist Euro is the Procrustes bed of Europe. It fits no-one and everybody suffers as a consequence. If we don't abandon the Euro in its current form, the European dream will fall apart...

@@RWin-fp5jn You are simply ignorant about the character of the Euro and the EU as a whole. You're using political labels you don't understand. There is nothing "Marxist" about demanding privatisation of public services, imposing limits on public spending, driving member states into a race to the bottom to reduce corporate taxes and wages, deregulating consumer safety standards etc. - all of which the EU has been doing for the last 30 years or so. The EU is a neoliberal project, particularly after Maastricht. It's the opposite of any sort of Marxist or even broadly left-wing economic vision. The Euro in particular has been used as a mechanism to expand and consolidate the dominance of export-based Northern economies, Germany in particular, over structurally weaker countries in the South. The former trapped the latter in a vicious circle of indebtness. It's a perfect illustration of how stronger countries will always seek to exploit the weaker ones, which is a key feature of capitalism. That's why a truly united Europe is not possible on a capitalist basis.

@@VladimirBrtn For your info : all EU countries suffer form the terrible transfer union that is now a reality. Italians per capita have 3x more private reserves (housing is often mortgage free) then Germans yet the Italian state (and Spanish) is poor and does not show ANY initiative anymore to collect taxes since the north is paying for their social costs (basic income). They never collected taxes since they were used to print money and not borrow .It is a disaster for every country. Only the Euro politburo an Euro Douma and the tens of thousands of bureaucrats are celebrating golden times. It is quite a prison for every one and this cannot last ....It is very very sad...It used to be such a great and wonderful continent in all its diversity...And sorry, the entire construct was driven by extreme Marxist principle of forcing a non elected EU commission body on all EU citizens and a disastrous currency which did not make ANY economic sense, other then the political aspiration of the elites to force Europe into a super state . Untold millions sufferd and will suffer because it is a horrible marxist pipe dream. The north was doing fantastic prior to the Euro (as did the south) , no need to export slightly more against cheaper prices certainly if that means our banks and pension funds where forced by the ECB to take southern bonds at far to high prices. politicians never learn....

@@RWin-fp5jn If you don't understand something doesn't mean it has no meaning. I am what might be called a savant. I can't do a lot of normal things but I speak the language of moral and linguistic philosophy. I am in my 70s and I know all the words . Yanis puts them together so I understand them. I may be retarded but Yannis speaks the only language that defines my epistemology. I looked up capitalism in Johnson's dictionary. Capitolism is the metaphysics of a society. Every society is capitalistic. America is evolving from neoliberalism which worked until we entered an age where we could control data far beyond human understanding. Neoliberalism and a gig economy has given us the rule of the far less than 1% leaving the word democracy without a home in America's hegemony. In the gig economy data is power. Jeff Bezos is the richest man because he owns the most data not the most gold. Wisdom has no price you can't buy it. The gig economy makes public private and private public. Epistemological change makes fundamental change mandatory.

@@RWin-fp5jn Yanis actually protested in opposition to Greece joining the EU, he explicitly talks about this in several of his talks, he agrees almost entirely with your economic analysis, except one crucial point. You say "Don't blame capitalism. If markets where left alone, Greece would have defaulted and be prosperous at this very moment." Now we could say its all semantics, leftists call bad things "capitalist" and libertarians call bad things "socialist" because they interfere in markets, but we agree on what the bad thing is. Yanis argues that the reason Greece and other nations joined the EU, part of the reason, is precisely because of this economic logic that says "leave markets alone" - join this monetary union, open your markets up, deregulate everything, and there will be prosperity. They tried it, some massive proportion of public assets in Greece have been sold, they embraced austerity and everything you mentioned, and now they have one of worse economic crises of modern times.

sad

lol exactly

That's the very definition of civility.

He is just good for only that and not as a MP or any other government role...

@@georgekaramanoglou2203 Well, as a representative he lacks the political way of agreeing to a lesser evil that could cause the death of people. He doesn't want to sign down a bill that could hurt people. We should have more people like him defending the better way whether or not the people in power would be mad at it, but I agree he may lack the art of making a deal, fundamental in today's politics that aggregate the decision power in singular persons

@@user-rx3ny9ji8i thats an easy way to get rid of him (too easy if you ask me. you have to try at least as he tries to get rid of him). .Yes, he is certainly good at this and very bad to help rich and corrupted people get richer and more powerfull through some crappy deal. he is probably the only one who knows what those deals are really about. Most politicians will just surrender to the establishment without even know what they surrender. Sorry for my english

Total power corrupts Absolutely !! Then come wars, revolution, or Financial depression ... or a mixture of them all ...

Have you heard about C.H. Douglas Social Credit?

For those that are interested in Jen Hinton's theory, here's a link: ukposts.info/have/v-deo/hHaIf6Kbn2N6mJs.htmlsi=tSi6laQCmGEPf24Z

Socratic

@@katianna7306 Thanks, I just wanted to comment the same, you were faster... ;-) At least, this was the accusation of the state against Socrates, that led to a fake-trial, and his death...

@@klausbrinck2137 yep exactly

Απορώ πως πρόλαβες να το παρατηρήσεις!

But english also use it’s ok here in the Uk

Wtf have ever talked to a professor befor?;?

The amount of your stupidity is beyond belief if you listen to this clown.

@@no_type0122 many many manyyyyyy times beforE

@@sakisfotias8617 nice arguments. You don't like logic right?

@@sakisfotias8617 Why is he a clown?

Anti capital 😉

Oh my god, you are SO SMART!

Thanks!!! I wish someone makes diagram of his dream

Thank you good man

thank you man

what did he talk about before that?

The whole thing is important, as it is an analysis of the failure of supply/demand models for labor prices, and to understand debts and money creation in banks, this is the essence of capitalism (but it doesn't appear in economics books).

No it shouldn't.

why though ? is´nt it a great town over there ? i´m just asking because i´m thinking about moving to frankfurt :)

@SCH be like water - Regarding "bad economists" it seems to me that such people construct many "wonderful shiny ivory towers of logic" without troubling themselves to even bother to do something as basic as carry out REALITY testing - or consider the consequences to others ! ! !

From inside the electrified fence of a socialist re-education camp. And the U.S. is a Republic, not a Democracy. The difference is in Websters for your learning. Yes, critical thinking is critical. Start also questioning. Capitalism sounds like a bad thing to you, but almost everything you have and enjoy is due to capitalism. The problem is elsewhere, capitalism is a great tool when used properly. And this man is also a politician he told us as he smoothed over that with winsome ways and charming address. First impressions are not always right, actually, hardly ever. Oh WOW. He just said he is a Marxist!! This man is dangerous. Read up on Marxism. The parent to communism. Don't drink his koolaid!!!!

@@americanpatriot7247 but Marxism...as in what Karl Marx proposed is NOT what today's "anti socialist" like to claim as or often confuse with "neo Marxism".

if you really want to understand what Marx was saying...try reading what he wrote rather than listen to those with the desire to demonize his words and scare people into thinking he's dangerous...yes very dangerous to the corporate stranglehold on the economy and the working class slave labour.

@@schligges Yup, all the evil ones of history who proudly claim Marx as their inspirational hero....they just got the guy wrong.

@@americanpatriot7247 Funny the one who us permanently drunk on koolaid advising others 'not to drink it'. And you wouldn't recognise 'critical thinking' even if it slapped you in the face with a wet fish, since you are chocking in right wing shock jock shitty talking points.

Thanks

Grab a beer. You will feel better.

i dont know, i found it hopeful..

yep, some of his examples are simply brilliant.

@@JohnAlexanderiii He was probably executed for his ties to the 30 oligarchs that had a reign of terror over Athens following her defeat in the Pelopponesian War. His personal views on democracy were also always one of suspicion and massively influenced Plato's epistocratic ideas in his Republic. It's no wonder a fragile and paranoid resurgent democracy in Athens sought to persecute him. You are right on the role of him as a philosopher as probably contributing to this distrust, the Sophists amongst other intellectual groups had already garnered a bad reputation in the polis. Socrates' idiosyncrasies probably did not help him escape this characterisation. In my opinion, however, it was primarily a politically motivated execution.

He is a tyrant waiting for power

Varoufakis is a con artist that deserves far worse than what Socrates got.

​@@JohnAlexanderiii Socrates was executed for being an elitist prick... the corruption of the youth thing was teaching the rich kids they should be in charge... a homeless couch surfer that believed the chair makers should stick to making chairs and politics should be left to their "betters."

@@safebans1369 ​ At his trial, he laughed at the jury saying they couldn't judge him because he was above them... true he also laughed at the idea of democracy, and stoked the back and fourth change of power between the rich and poor in Athens... There is also the idea that Plato invented Socrates.. but really who knows... It's my understanding, the Dark Ages burned all the old books and what we have now was rescued by the Ottoman Empire

I think Yiannis and Slavoj are friends or used to be

​@@Manolara1 Friends? like me? Clicking Z. S. to see if is nose is still attached to his head. Twitch waning? Not a chance!

i think zizek is a member of diem25 actually

All you have to do is work hard, get rich or die trying, why would you want to care about the rest?

@@reasonerenlightened2456 work hard in a rigged and unfair system is useless. And really I don't want to get rich. I desire a peaceful and fulfilling live. I don't need much things for me to be well. And some times I cannot have a good night sleep knowing that misery, violence and injustice is upon other human beings like me. I feel like they are part of me. We must try to make a better world. Humankind is part of a living planet. The desire to get rich or greed is like a disease. Rich people are like a cancerous tumour in a organism. With a disproportionate size and destroying other living tissues only for his benefit. Taking more resources than they need to function normally. If we cannot build a balanced, fair, sustainable and healthy system, even the rich people will suffer from the disease of the system. It's only a matter of time. Doing good, makes us good.

💯

Former treasury of Greece. Professor of economics Marxist

It seems so naive now to look back on this time just before the pandemic when it was just an after thought to most people and could be reduced to a joke

In grade school learning the exponential compound formula, first thing we learned was population growth... first thing we learn is the offsetting death and food population. Got to the exponential compounding of interest, well you'll retire and die. But what about banking corporations and other corporations that can exist many times the lifespan? That exponential concept of dividends and interest... All other sciences you do find exponential, and you are always to engineer a buffer otherwise you destroy your engine, wing design, structure stability, chemical stability, etc. Capitalism doesn't have a buffer, it literally does what nature does without buffers when it has exponential components: it oscillates its self to pieces; tears itself apart. Left with a system that has buffers against exponential components. Our system is oscillating itself to pieces. The oscillation in the 1800's were very severe, that century in the US half of all the years was in a panic, long depression, depression, recession, etc.

While we clearly cannot sustain the model of "infinite growth" as we are now doing it., I think Buckminster Fuller's definition of wealth is worth thinking about: Where e= energy k= knowledge or information w= wealth if W = E + K And E (the energy of the physical world) is fixed but never can be reduced just reconfigured, and K is ever expanding than E + K must be infinite.

Well, the realistic alternatives are genocide, oppression (either by force or manipulation), absolute poverty etc. There are no free shots in life, we have to choose what we sacrifice...

Look up Richard Wolff, he has info on creating coops.

@@svrnclv Thank you!!

Oh why so ? Just curious cuz I’m in last year of high school and I’m planning to take an economics related undergrad ..

@@jineshwarnariani8966 ‘08 killed Economics and Finance replaced it. Economics tried to imitate Physics by having laws and it failed badly. In the real world, the models that economics teaches you are useless because society is always changing and adapting, humans are not like atoms, they learn, meaning you always need new models to explain past behaviour. Economics was a hot and respected subject before ‘08, mostly glorified by people that knew nothing about it and I was fooled. While I was studying it I was also trying to apply it to the markets, and Lord behold they didn’t behave at all as the Economics said they should. It’s all bullshit. Get a STEM degree that has some real world usage and don’t waste your time with Economics.

Wait, are there different models? I thought the fact that most of the world works together on science would mean they all have the same basic model of the universe. So many important unifying theories it's near impossible to get where we are today without using the shortcuts of those that came before.

Do not give them ideas.

@@fisharepeopletoo9653 There are many unify theories. I know as minimum 3 absolutely different theories that explain 'Dark matter" try very different physics for example, with different theory of gravity.

@@fisharepeopletoo9653 Google "atom in a box", and check out the software. Thats the latest model in the west of the atom, which will be unlike anything you've seen befors most likely