She is quite astute. Her analysis is spot on. This was in 2016. Look where we are now. There are limits to greed. "If people don't get a raise the math starts to not work." That is where we are now in the last quarter of 2019.
I've been reading a lot of Michael Hudson recently (specifically, his book 'killing the host'). He raises a lot of the same points. I'm definitely going to check out her book.
Sharp lady. I hope the people who are the takers or are propping up the takers, take note. We don't need Trump to take office again, but if our course doesn't change, we'll get him or another like him in office again.
she also echoes Mariana Mazzucato who has explained how governments actually produce value, like the "Moon Shot" which had so many offshoots, and DARPA developing the basics of the internet (it was NOT corporations like IBM, Microsoft, Apple, etc.)
I was saddened by the fact that this otherwise insightful interviewee trotted out the old myth about the function of banks being to take the savings of one part of the population and lending it to another. Ever since banks were invented in late medieval Italy, most of the money they lend has been created by them from thin air. This is called Fractional Reserve Banking. This is the elephant in the room in virtually all discussions of finance. If you want to hear more about this try googling Ann Pettifor's address to the London School of Economics. This lady was one of the main instigators of the Jubilee Project, which successfully persuaded a number of rich governments to forgive the unpayable loans made to a number of very poor ones in the year 2000.
David. Great point and thanks for the recommendation. Btw, I didn’t see your fractional-banking observation and her view on lending to businesses as inconsistent or mutually exclusive.
In what way can markets possibly be considered efficient? Certainly not as a distribution system. Millions live in poverty while half of all the food grown goes to the landfill. Maybe a million homeless people while many times that number of homes sit empty. Waste and hunger cannot be prominent features of an efficient distribution system. Something is very wrong here. This is not sustainable.
She is quite astute. Her analysis is spot on. This was in 2016. Look where we are now. There are limits to greed.
"If people don't get a raise the math starts to not work." That is where we are now in the last quarter of 2019.
I've been reading a lot of Michael Hudson recently (specifically, his book 'killing the host'). He raises a lot of the same points. I'm definitely going to check out her book.
great interview, great lady, loved listening to her
Sharp lady. I hope the people who are the takers or are propping up the takers, take note. We don't need Trump to take office again, but if our course doesn't change, we'll get him or another like him in office again.
she also echoes Mariana Mazzucato who has explained how governments actually produce value, like the "Moon Shot" which had so many offshoots, and DARPA developing the basics of the internet (it was NOT corporations like IBM, Microsoft, Apple, etc.)
Es muy interesante deseo que tradusque al castellano
Gracias.
She was and remains right plus, in this video, she was also prescient. Her current book is also interesting but still no one appears to be listening.
I was saddened by the fact that this otherwise insightful interviewee trotted out the old myth about the function of banks being to take the savings of one part of the population and lending it to another. Ever since banks were invented in late medieval Italy, most of the money they lend has been created by them from thin air. This is called Fractional Reserve Banking. This is the elephant in the room in virtually all discussions of finance. If you want to hear more about this try googling Ann Pettifor's address to the London School of Economics. This lady was one of the main instigators of the Jubilee Project, which successfully persuaded a number of rich governments to forgive the unpayable loans made to a number of very poor ones in the year 2000.
David. Great point and thanks for the recommendation.
Btw, I didn’t see your fractional-banking observation and her view on lending to businesses as inconsistent or mutually exclusive.
An interview to watch multiple times.
Brilliant woman there 👊🏾👏🏾
Bought the book
In what way can markets possibly be considered efficient? Certainly not as a distribution system. Millions live in poverty while half of all the food grown goes to the landfill. Maybe a million homeless people while many times that number of homes sit empty. Waste and hunger cannot be prominent features of an efficient distribution system. Something is very wrong here. This is not sustainable.
6 years later, market returns have been crazy even with Covid. I’m still waiting for the low returns and reversion to the mean.
This is so little spoken about. Wealth inequality is scarcely mentioned.
Doesn’t that say it all-or quite a bit?
Pudo traducir este video a español
Debe de traducirse al castellano gracias.
No encuentro es idioma castellano
Michael Hudson has been saying exactly the same thing for years. They sound like mirror copies of one another.
also read and listen to Steve Keen, who has explained economic models
A bank channels the flow of a current.
The next crisis will finish the currencies of most of the westernised economies. Interesting times ahead; I'm waiting eagerly for them.
‘Westernized economies’?
Try almost all economies.
I was thinking every thing is done by America
If we all ignored this cynicism, we'd have been better off!