You’re amazing, Robert.❤ Thank you for educating me. It’s scary to know that the wealthy people who control everything are not worried about people’s wellbeing, but only about increasing their wealth and power.
I haven't watched it yet, but I'm guessing you missed a very big one, the myth that businessmen are good at government and therefore the economy. Business and government are very different.
Democrats should take over the balanced budget and lower national debt platforms and actually keep America great, since Rebublicans want to eliminate the debt ceiling, which is the craziest idea ever.
Great video Robert, one of these days, people will figure this out and start voting for the party that has policies for the best interests of all people, until then, working people will remain struggling.
@@juniorgod321another genius that has no idea what our government’s responsibilities are. When this trump term is over, we will see how much better off you are, than you are today.
This makes so much sense. When I was studying political systems and economics in schools I was flabbergasted that they did not take into account human nature.
I always look up your videos for update! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Gabriela, imagine investing $1000 and receiving $5,300. 🎉🎉
I have been trying to explain #8 to so many people, including my parents who have never had revenue-generating jobs or owned companies with employees. Explaining such a simple economic concept to them has been challenging. Early in my Commerce degree, we learned about business growth and how/when to expand. It doesn’t happen until it HAS to happen, i.e. when there is increased demand for your goods/services. If your demand remains within capacity, but revenues increase, that’s a good time to increase wages, give bonuses or invest in other revenue streams that will THEN increase demand for goods/services and require more workers. No business owner hires people to just sit around doing nothing (unless they’re family).
Morality is about making people better off. When two people trade, both parties are made better off. Like, if I prefer bananas but have apples and you prefer apples but have bananas, we can trade. Happiness is created in the universe, even though the total number of apples and bananas has not changed. Hence, it would be immoral to impede people from trading. To facilitate trade, people must have human rights. I will not trade my bananas for apples if someone can just kill me or steal the apples. Hence, protecting human rights is a legitimate use of government. But, government intervention often comes with unintended consequences that make everyone worse off.
There is something wrong when the people making something can't afford to buy that thing. A new car, house or a new washing machine. A person working in a grocery store can't buy the food in the store. When does the system breakdown?
@@kellymestas9709LOL... Nice try, and anyone can go back and pull up the fights between Biden, Yellen, etc etc, ranting at people like EVEN Lawrence Summer desperately predicting and warning them. (even know who he is? ) Lame retort.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now l'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling.,,
I thank ROBERTA ANN CAUDILL who has always been there to help me with detailed analysis and recommendations that I would not have had access to otherwise.
Same, I met Roberta Ann Caudill last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Roberta Ann Caudill.
"Myth 1: Economics is objective." Debunk: Subjective opinion. Sorry, Bob. That isn't debunking at all. Sound more like George Bush standing on the deck of a ship declaring Mission Accomplished than it spunds like an actual debunking.
Right. Read that: Taxing you more, paying no overtime, putting young children to work full time in the fields, eradicating affordable healthcare and prescriptions, digging up national parks, poisoning our groundwater, and not inspecting the food supply. It's going to be FABULOUS! 🎉
Decreasing taxes - on whom? Regulation being reduced helps you how? Your safety regulations are writ in blood. I mean that literally. Also green energy is actually a better return financially now than oil or coal.
I don't know how we educate our fellow working class, but it's dire that they understand how they've been robbed repeatedly and how they should demand equality and basic human decency. They've been manipulated and that's gonna traumatize them to some degree but it's absolutely necessary to inform them and let them make their own decisions. Love you all, I hope we come out together and equal so we can continue to progress to a beautiful future where our children can prosper and further grow to enhance each other and the planet that bore us and gave us the opportunity to be great!
The worst part is that our country has been conquered by billionaires and foreign powers without a single shot fired.
You’re amazing, Robert.❤ Thank you for educating me. It’s scary to know that the wealthy people who control everything are not worried about people’s wellbeing, but only about increasing their wealth and power.
Commenting for the algorithm. I appreciate the effort you and your team put into research.
This comment should be pinned 📌
Thank you Dr. Reich! Finally, the truth has been reconnected -- listen to this master teacher!
Dismantle Trickle-down! Make the primary fiduciary responsibility of corporations be to the workers first!
Thank you Robert, we need more people like you in society
🔵🔵Thank You. 💙
Thanks for this. As someone aptly pointed out: unconstrained growth is a prominent characteristic of cancer.
💎 Great Video 💎
I love your videos and the podcast. Thanks for continuing to spread light on the truth
So what do we do? Oh yeah, there's nothing we can do. As a disabled person, my chances of survival are getting less every day.
The problem is that the people that most need to watch this video will refuse to watch it.
Thank you Dr. Reich for this great, easy to understand, explaination of these economic and political conflicts.
The supreme Court needs reigns
And term limits…
I haven't watched it yet, but I'm guessing you missed a very big one, the myth that businessmen are good at government and therefore the economy. Business and government are very different.
Thank you!
Thank you
Democrats should take over the balanced budget and lower national debt platforms and actually keep America great, since Rebublicans want to eliminate the debt ceiling, which is the craziest idea ever.
Don't forget Ronald Reagan's trickle down economics
Great video Robert, one of these days, people will figure this out and start voting for the party that has policies for the best interests of all people, until then, working people will remain struggling.
The people figured that out… That’s why they voted for Trump instead of Cackles!
@@juniorgod321another genius that has no idea what our government’s responsibilities are. When this trump term is over, we will see how much better off you are, than you are today.
@@uncleronstrixie Well, I do know that the economy was better under Trump, and that the country wasn’t being invaded!
This makes so much sense. When I was studying political systems and economics in schools I was flabbergasted that they did not take into account human nature.
I always look up your videos for update! Our government has no idea how people are suffering these days. I feel for people with disabilities not getting the help they deserve. Thank you Mrs Gabriela, imagine investing $1000 and receiving $5,300. 🎉🎉
I'm surprised that this name is being mentioned here, I stumbled upon one of her clients testimonies on CNBC news last week...
Trader Gabriela strategy has normalised winning trades for me also. and it's a huge milestone for me looking back to how it all started
please educate me, l've come across this name before, Now i'm interested
Please is there any link or information about her, how can I reach her?
I have been trying to explain #8 to so many people, including my parents who have never had revenue-generating jobs or owned companies with employees.
Explaining such a simple economic concept to them has been challenging.
Early in my Commerce degree, we learned about business growth and how/when to expand. It doesn’t happen until it HAS to happen, i.e. when there is increased demand for your goods/services.
If your demand remains within capacity, but revenues increase, that’s a good time to increase wages, give bonuses or invest in other revenue streams that will THEN increase demand for goods/services and require more workers.
No business owner hires people to just sit around doing nothing (unless they’re family).
I've always hated the lie Corporations spread about paying workers more or unionizing destroys a business.
Thank you.
We need somebody like you robert or even you to run for president,
Morality is about making people better off. When two people trade, both parties are made better off. Like, if I prefer bananas but have apples and you prefer apples but have bananas, we can trade. Happiness is created in the universe, even though the total number of apples and bananas has not changed. Hence, it would be immoral to impede people from trading.
To facilitate trade, people must have human rights. I will not trade my bananas for apples if someone can just kill me or steal the apples. Hence, protecting human rights is a legitimate use of government. But, government intervention often comes with unintended consequences that make everyone worse off.
I find it funny how I love both your material and your sons and they are very different!
Thank you! from a big fan😊
There is something wrong when the people making something can't afford to buy that thing. A new car, house or a new washing machine. A person working in a grocery store can't buy the food in the store. When does the system breakdown?
I can’t believe how well you can write, uhm, backwards? Also nice cartoon style!
I am a low buying citizen. I had a business sometimes I had to go to court told the truth. I lost this happened to me several times.
13:40 I want to seek compensation for my decrease in profits too! 🤬
So appreciate your emphasis on morality.
Wish you had these as 10 shorts... makes them more likely to be shared on other social media
Slavery was legal in the 1800s, if we're using the appeal to tradition
When you boil us frogs...
i hope trump enforces these proworker policies
He won't, he's a neo-liberal. He talks a good game but what he does is the exact opposite. He's in the pocket of the wealthy make no doubt
Being a billionaire is immoral and shouldn’t be allowed to exist. Change my mind.
What do you think about Henry Hazlet works?
Currency isn't unless it moves.
Hilarious that the party who ranted at you there’d be NO inflation, NO high inflation, and NO long term high inflation, posing as fiscal literates.
I'd prefer to call them what they are, which is liars who say anything to get elected and have no plan to fix anything for anyone but themselves.
What said no one. EVER..
@@kellymestas9709LOL... Nice try, and anyone can go back and pull up the fights between Biden, Yellen, etc etc, ranting at people like EVEN Lawrence Summer desperately predicting and warning them. (even know who he is? )
Lame retort.
Conservatism =everything wrong
@@Damacles9Just a meaningless (and nervous) hit n run, or were you planning on returning later and presenting your case?
And we were supposed to believe the last 4 years were good and productive. And liberals talking about morality 😂😂😂 now that is hilarious.
If he thinks that artificially created higher wage being good for the workers, then why isn’t he advocating for a $1000/hour minimum wage?
Oligarchsplain it.
Unfortunately, not all of us were financially literate early. I was 35 when I finally educated myself and started taking steps. I went from $176,000 in debt with zero savings or retirement to now, 2 years later, fully debt-free and over $1000,000 net
worth. I know that doesn't SOUND like a lot, but I'm incredibly proud of it. Now l'm fast-tracking my wealth building (investing $400,000 annually) and don't owe a dime to anyone. It's a good feeling.,,
I'm 37 and have been looking for ways to be successful, please how??
I thank ROBERTA ANN CAUDILL who has always been there to help me with detailed analysis and recommendations that I would not have had access to otherwise.
Same, I met Roberta Ann Caudill last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Roberta Ann Caudill.
Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
Sounds familiar, I have heard her name on several occasions.. and both her success stories in the wall Street journal!
"Myth 1: Economics is objective."
Debunk: Subjective opinion.
Sorry, Bob. That isn't debunking at all. Sound more like George Bush standing on the deck of a ship declaring Mission Accomplished than it spunds like an actual debunking.
But he didn’t say who was paying for it? Of course it’s his donors.
Reminder: Robert reich is a lawyer
not an economist
Reminder he was labor secretary and a damn good one. He knows waaay more than most of America about this and other stuff. SIT DOWN
And Marx was an economist. Siddown and shaddap.
The law and the economy overlap a lot.
And Adam Smith was a moral philosopher, not an economist.
That's like that's like saying reminder..... You're short order cook is actualy a chef... So you know.... Your food may not turn out like diner food
Its true, the Clintons, Bidens and Obamas got rich, and I didnt.
The biggest myth is that this guy knows anything about an economy
He is going to make the economy great again by decreasing taxes and regulation, drilling for oil, etc
Right. Read that: Taxing you more, paying no overtime, putting young children to work full time in the fields, eradicating affordable healthcare and prescriptions, digging up national parks, poisoning our groundwater, and not inspecting the food supply. It's going to be FABULOUS! 🎉
LoL 😂😂😂
Damn you're gullible. When he fucks everything up and inflation starts spiking, WILL YOU Admit you were WRONG?
Decreasing taxes - on whom?
Regulation being reduced helps you how? Your safety regulations are writ in blood. I mean that literally.
Also green energy is actually a better return financially now than oil or coal.
Trolls
I don't know how we educate our fellow working class, but it's dire that they understand how they've been robbed repeatedly and how they should demand equality and basic human decency. They've been manipulated and that's gonna traumatize them to some degree but it's absolutely necessary to inform them and let them make their own decisions. Love you all, I hope we come out together and equal so we can continue to progress to a beautiful future where our children can prosper and further grow to enhance each other and the planet that bore us and gave us the opportunity to be great!
Thank you