Read the book by Dr. Jason Hickel, "The Divide" to see how rich countries plunder resources of the Sothern hemisphere to keep growing. Colonialism and slavery packaged in a less offensive way. De growth is proposed as an alterative to reckless and insatiable GROWTH oriented state capitalism that rules from US to China to South Korea and Iran.
I adore the explanation of economic language but I was disappointed by the otherwise explicitly pro-capitalism talk. Using China under the Mao headed CCP as an example of a state with too much "bad inequality" is absurd and further comparing that to Khmer Rouge is as outrageous as it is offensive.
Goodness me. So many interesting topics discussed by Prof. Dr Ha-Joon Chang. 👇 At 49:30 –"[Mainstream] economics has become like Catholic theology in medieval Europe. It has become the language of the rulers […] They are not going to let you 'speak' it… unless you belong to the priesthood… or are from an extremely privileged background"
Your are such a great human being your are a tremendous blessing. You back up the logical ideas I have accepted my whole life. I am African American and felt respected and honored by you. I make 6 figures and work in Medicare insurance sales. I try to help all races get up to speed so they make informed decisions.
I 100% agree, but I like to put a different emphasis on it, one which I think is more compelling in it's urgency: Chang says the rules are "universal, but not fair", which seems like a contradiction (if you are elite). The implication, which I think he and the elite rich would all agree is true (on average) is: rich people are better. It's unfair because the rich college applicants are better! I'll say it again: the applicant that had private tutors and involved parents and went to Honduras and Paris and plays the violin is actually smarter, more skilled, and a BETTER BET for a college than the one who clerked for her parents every day, a repetitive job that, as Adam Smith would say, "will make a person as dumb as a person can be" (one reason why Adam Smith was NOT pro-capitalism, by the way). As a private tutor, I know this acutely.
So THAT is what we are up against. That is why drastic, affirmative, remedial and redistributive action is necessary: not because talented poor kids are being left behind (well not just because), but because all poorer kids are literally being made unnecessarily dumber, sicker, and lesser in so many ways by their lack of access to money and education
Welfare should just have a GDP/population assets test with deeming accommodation share regardless of ownership at 10% valuation; to pay welfare to working asset poor to enable work. Not housing required, waited for, time limited, unemployed, disabled or aged welfare; that paid asset rich loafers not to work only.
Very interesting, simple tools could get rural people to produce food ,hand plowing ,seeding tools etc. This could teach people how to think simple engineering skills,people would stop coming to city's to find jobs,staying poor. Just a thought.
Socialism is repeatedly and wrongly portrayed as equality of outcome by corporations and their tame politicians because they can see that there is no progress until capitalism is defeated.
What if you could choose what economic system you wanted to live under? Like, for instance, I'm a socialist living in America. Wealth doesn't interest me. I want to have my material needs met, I want to be "secure," but I have absolutely no interest in being a millionaire, let alone billionaire. All the time people here tell me: "If you don't like it here, go live somewhere else!" Honestly, I'd like to. I'd like if myself and my fellow American socialists could form our own independent socialist democracy. Maybe that's what doomed the Soviet Union: not every Russian agreed with the Soviet socialist system, but dissent was not tolerated, much like the dissent of socialists is not tolerated in the US. Basically, we are all forced to live under the economic system we live under. For some that's not a problem, but for some it is. People should be allowed to form societies based on common beliefs and values, not just on shared nationality, which is, of course, arbitrary.
Equality is an inherent nature of human being. Most experimental researches concerning ultimatum games found that the actual results differ from SPN Equilibrium which predicted by strongly rational assumption.
A comment regarding the situation in South Africa. One of the tragedies of the South African experience is that despite all that was unjust in the country for so long, the government had introduced enlightened thinking regarding the taxation of property. Johannesburg and some other cities exempted property improvements from the tax base and relied on land values as the basis for public revenue. This arrangement has been eroded, exposing these cities to the same credit-fueled, speculation driven land market dynamics at plague so many other cities around the globe.
He's is jail now
Read the book by Dr. Jason Hickel, "The Divide" to see how rich countries plunder resources of the Sothern hemisphere to keep growing. Colonialism and slavery packaged in a less offensive way. De growth is proposed as an alterative to reckless and insatiable GROWTH oriented state capitalism that rules from US to China to South Korea and Iran.
49:49 – 52:20
I adore the explanation of economic language but I was disappointed by the otherwise explicitly pro-capitalism talk. Using China under the Mao headed CCP as an example of a state with too much "bad inequality" is absurd and further comparing that to Khmer Rouge is as outrageous as it is offensive.
Gorgeous interviewer. Little man was stone hard throughout.
Labour claims to be a Democratic Socialist Party.
Goodness me. So many interesting topics discussed by Prof. Dr Ha-Joon Chang.
👇
At 49:30 –"[Mainstream] economics has become like Catholic theology in medieval Europe. It has become the language of the rulers […]
They are not going to let you 'speak' it… unless you belong to the priesthood… or are from an extremely privileged background"
What is the problem with some getting richer, if none are getting poorer
He is very sharp 🪒… Brilliant… Tha black movement….
Hey woman cover your ass
We can't map the world onto a postage stamp without losing details.
Your are such a great human being your are a tremendous blessing. You back up the logical ideas I have accepted my whole life. I am African American and felt respected and honored by you. I make 6 figures and work in Medicare insurance sales. I try to help all races get up to speed so they make informed decisions.
I 100% agree, but I like to put a different emphasis on it, one which I think is more compelling in it's urgency: Chang says the rules are "universal, but not fair", which seems like a contradiction (if you are elite). The implication, which I think he and the elite rich would all agree is true (on average) is: rich people are better. It's unfair because the rich college applicants are better! I'll say it again: the applicant that had private tutors and involved parents and went to Honduras and Paris and plays the violin is actually smarter, more skilled, and a BETTER BET for a college than the one who clerked for her parents every day, a repetitive job that, as Adam Smith would say, "will make a person as dumb as a person can be" (one reason why Adam Smith was NOT pro-capitalism, by the way). As a private tutor, I know this acutely.
So THAT is what we are up against. That is why drastic, affirmative, remedial and redistributive action is necessary: not because talented poor kids are being left behind (well not just because), but because all poorer kids are literally being made unnecessarily dumber, sicker, and lesser in so many ways by their lack of access to money and education
What's she wearing on such an occasion 🤣
Welfare should just have a GDP/population assets test with deeming accommodation share regardless of ownership at 10% valuation; to pay welfare to working asset poor to enable work. Not housing required, waited for, time limited, unemployed, disabled or aged welfare; that paid asset rich loafers not to work only.
Incidently State supported Capitalism is what allowed S.Korea to be what it is today regardless of this moralist morons sentimental delusions.
Inequality fetish is the only way left leaning economists can stay relevant. Case in point this guy.
Moderator's distracting skirt length is Rude. Speaker deserved a professional stage setting.
I love how he speaks english. He says yea the way people who speak spanish do. Feel cool to recognize these linguistic commonalities 😊
Very interesting, simple tools could get rural people to produce food ,hand plowing ,seeding tools etc. This could teach people how to think simple engineering skills,people would stop coming to city's to find jobs,staying poor.
Just a thought.
Does anyone know the host's name?
Socialism is repeatedly and wrongly portrayed as equality of outcome by corporations and their tame politicians because they can see that there is no progress until capitalism is defeated.
He is one of the greatest economist alive
Attention seeking B***..
VISUALLY IMPAIRED, SO I listen on audio books. Excellent!!
What if you could choose what economic system you wanted to live under? Like, for instance, I'm a socialist living in America. Wealth doesn't interest me. I want to have my material needs met, I want to be "secure," but I have absolutely no interest in being a millionaire, let alone billionaire. All the time people here tell me: "If you don't like it here, go live somewhere else!" Honestly, I'd like to. I'd like if myself and my fellow American socialists could form our own independent socialist democracy. Maybe that's what doomed the Soviet Union: not every Russian agreed with the Soviet socialist system, but dissent was not tolerated, much like the dissent of socialists is not tolerated in the US. Basically, we are all forced to live under the economic system we live under. For some that's not a problem, but for some it is. People should be allowed to form societies based on common beliefs and values, not just on shared nationality, which is, of course, arbitrary.
What makes beautiful legs? lol
Oh, these legs.
Equality is an inherent nature of human being. Most experimental researches concerning ultimatum games found that the actual results differ from SPN Equilibrium which predicted by strongly rational assumption.
A comment regarding the situation in South Africa. One of the tragedies of the South African experience is that despite all that was unjust in the country for so long, the government had introduced enlightened thinking regarding the taxation of property. Johannesburg and some other cities exempted property improvements from the tax base and relied on land values as the basis for public revenue. This arrangement has been eroded, exposing these cities to the same credit-fueled, speculation driven land market dynamics at plague so many other cities around the globe.