Great video, very well presented. I notice that your video stopped short of discussing Health Care as a public good. It is instructive to compare the performance of the US system, where it is largely controlled by the free market, with examples such as the UK, where it is provided largely via taxation. There are failings in both approaches.
at last,.. right youtube video for me stuck at before my exam (Political Economy) tomorrow XD ... I want share my opinion : In my country Malaysia, we had facing free market failure in early 70s. From the beginning of independence in late 50s, Malaya was adopt the capitalist system completely for industrial acceleration and the former colonial interests. Unfortunately, it come up with conflict, poverty gap, and racial tension among society. From this point, the government has intervened in economic affairs, turn it more bit "economic-centralisation". It not socialism, but mix.. capitalist still can run their industrial at same time government make lot of planing and policy. This model of solution base on Keynes structuralism theory .. :)
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Great video, very well presented. I notice that your video stopped short of discussing Health Care as a public good. It is instructive to compare the performance of the US system, where it is largely controlled by the free market, with examples such as the UK, where it is provided largely via taxation. There are failings in both approaches.
at last,.. right youtube video for me stuck at before my exam (Political Economy) tomorrow XD
...
I want share my opinion : In my country Malaysia, we had facing free market failure in early 70s. From the beginning of independence in late 50s, Malaya was adopt the capitalist system completely for industrial acceleration and the former colonial interests. Unfortunately, it come up with conflict, poverty gap, and racial tension among society. From this point, the government has intervened in economic affairs, turn it more bit "economic-centralisation". It not socialism, but mix.. capitalist still can run their industrial at same time government make lot of planing and policy. This model of solution base on Keynes structuralism theory .. :)
Always learn from this channel..
Very good channel mr. Sinn. Keep it up..
Ahmad Akram thank you very much!