The economic government of the world, 1933-2023 | LSE Event
HTML-код
- Опубликовано: 2 окт 2024
- In his latest book, which forms the basis of this lecture, Martin Daunton pulls back the curtain on the institutions and individuals who have created and managed the economy over the last ninety years, revealing how and why one economic order breaks down and another is built.
Speaker:
Professor Martin Daunton
Chair:
Professor Albrecht Ritschl
#Economics #Events #London
Full details/attend: www.lse.ac.uk/...
To turn on captions, go to the bottom-right of the video player and click the icon. Please note that this feature uses Automatic Speech Recognition (ASR) technology, or machine generated transcription, and is not 100% accurate.
Have value this discussion 1933,2023 for forward rising globalization !!
Today there is a mountain of DEBT that needs repaying if not servicing everywhere.
The methods used included Q.E. and ZERO Interest Rates sincw 2008.
Effectively increasing DEBT.
The World is awash with Debt and IOUs (Bonds) to such an extent that the DEBT is more than the value of all the Stocks and Shares on the Planet.
It's like the game of "Momopoly" where to continue the game the "Banker" must keep dishing out the paper money, but the obviious fact from this is that the winners get wealthier and grab all the wealth and property whilst all the other players (us) get poorer and eventually leave the game as they are bankrupt.
So we witness the growing number of poor and destitute around the World.
Along with Climate Change, the rise of migration of desperate people is plain to see.
The World is at a tipping point.
There seems to be no answer from Governments or brilliant Economists and Philosophers....
NO ANSWER!
There is no such thing as government debt. There are only people who don't understand macroeconomics. ;-)
@@schmetterling4477 That's not quite right. Government debt, also called public debt or sovereign debt, is very much a real thing. It refers to the total amount of money a government owes to its creditors.
Here are some key points about government debt:
It arises when a government spends more than it collects in taxes (runs a budget deficit).
The debt can be owed to domestic or foreign lenders.
Most governments around the world have some level of debt.
ask yourselves why is this coming out now?
One of the major problem facing humanity is Capitalism
true. The big question that will be answered in the following decades… Can capitalism do good for humans and the planet in a sustainable way? My answer right now is no, but we’ll see.
The even bigger problem I see is war. That disrupts any economic or political system you have in place, we need to unify globally. It’s the only alternative to the realist international anarchistic system we currently live in. That coupled with globally de-militarizing. Unimaginable? Yes.
Impossible? No.
true. The major question that will be answered in the following decades… Can capitalism do good for humans and the planet while not creating “losers” and doing it sustainably? Right now, I say no, but we will see.
A bigger problem in my opinion is war (even non-world wars). It disrupts any economic and political system in place.
We need to globally unite and more specifically globally-demilitarize only leaving behind a limited police force for states and a peacekeeping unit (similar to the UN’s). This is the only alternative to the international realist system we currently exist in.
Unimaginable? Yes.
Impossible? No.
You should post this on a communist built social network. ;-)
@@schmetterling4477 First off, I'm not communist, you brought that word into existence.
Second, it's kinda hard to do what you suggested when the USA is banning TikTok :0
Lastly, you did a great job ignoring the biggest problem, war. Once war exists only in the history books, it would not matter if you're a dictatorship like the USA's biggest friend Saudi Arabia or "communist China", the best economic system will prevail, without the powerful states artificially inflating (or deflating if you are
pro-capitalism) the success of capitalism with their armies.
@@MansaMusa_ll_of_Timbuktu ByteDance is a completely capitalist operation. The main government concerns in the West stem from the fact that the Chinese Communist Party can exert almost unlimited power over Chinese corporations and force them to hand over all their user data. Chinese law does not allow Western governments such control over their Chinese citizen's data, either, so why should the US and Europe give this right to China?
There is no such thing as "the best economic system". The US is the largest socialist nation in the history of the world. Our military industrial complex worth a trillion dollars or more is completely under government control.
Why 1933? one can only assume.
Ending the Depression Through Planned Obsolescence (1932)
Free in the public domain.
Economists do not talk about the Net Domestic Product. The NDP equation does not include the depreciation of durable consumer goods. How many automobiles have American consumers trashed since Sputnik? Where did the depreciation go?
Where do climate scientists mention the CO2 resulting from unnecessary manufacturing due to planned obsolescence.
So you are still driving that 1947 Dodge Deluxe, are you? ;-)
@@schmetterling4477
No, it is not as fast as my P-38 Lightning.
But I can't find anyone to replace the piston engines with turboprops.
@@psikeyhackr6914 Well, it's certainly not as fast as the stuff that you are smoking. ;-)
@@schmetterling4477
People who cannot figure out that there have not been thousands of useless variations in crapmobiles since Sputnik are not worthy of purely rational answers. I might as well amuse myself.
Where have our brilliant economists put the data on the annual depreciation of automobiles since Sputnik since they added the garbage to GDP?
@@schmetterling4477
If someone cannot figure out the thousands of useless variations in crapmobiles since Sputnik I see no reason not to amuse myself with a flippant response.
You are of course free to find the data on the annual depreciation of crapmobiles since Sputnik which our brilliant economists fail to mention. Even though they add the junk to GDP.
Ze werelt