The Pandemic's Biggest Winners & Losers (Grace Blakeley Interview)
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- เผยแพร่เมื่อ 28 ก.ย. 2024
- --Grace Blakeley, economics commentator at The New Statesman and author of "Stolen: How to Save the World from Financialisation," joins David to discuss the long term economic effects of the pandemic. Get the book: amzn.to/3uqQ059
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Broadcast on May 27, 2021
#davidpakmanshow #economy #coronavirus
As a Gen Z'er that owns a home, I was very happy that house prices were going. Makes my assets look better.
The public needs to start hiring private investigators to investigate our politicians. Take the reports an send them to the f.b.i. some cases will be valid some will be a waste of time and money. This is the way we are gonna remove these crooked politicians left or right.
That’s...actually...an interesting idea. Split the cost 100,000 ways. I'd donate. I'd also never run for office because of it, but I’d donate.
@Tyler Hawk and they all work for the Kardashians. STFU.
I love these interview videos
Great that you have Grace on, David! She’s from my neck of the woods. I’m from London UK and been watching your show for a while. Great content! ✌️❤️
My neighbor just put his two family building on the market. His latest bid is $1.3 million. Then another person out bid that person for $1.4 million. These people are bidding sight-unseen. My neighbor's father bought the building in 1955 for $19K. There's no driveway or garage as this is norm in Brooklyn. (the building is in horrible shape and will need to be gutted)
Have to quibble with her notion that some people got more debt or laden by it from the pandemic, Lower wage workers were actually making more not working $600 bonus payment from Feds plus whatever their state unemployment was. Even now $300 bonus payment plus state benefits is higher than what they were making and they have no desire & need to work till that ends or they get a job making more than benefits which will be min $15/hr, which is more than they were likely making before. There was a report on CNBC that amusement parks are hiring at $18 to $20 hr, which are no skill jobs
Winner the Pandemic and the Loser the World 🌎
I feel as though this inflation thing has been debated my whole life. There is no solution when the 1% and government officials make so much more then the working class and are not held responsible for paying a fair wage or tax. Money makes the world function and until we humans stop being stingy and start appreciating what we have not what our neighbors have, it will always be the same thing different administration/leadership.
Nice video.
What will totally change, is the insight, you don't build back a society without consense, without all the people working in ordinary professions like nurses and doctors.
When we stop abiding to financial markets, and pay workers wages = productivity, both economies will grow and societies advance.
Like the 5 Nordics for past 100 years! 😁🇮🇸🇸🇪🇧🇻🇫🇮🇩🇰
This is some good analysis
People who own diversified US stocks and didn’t panic sell them gained roughly 45% in the last 12 months. A small group, but that’s standard investment advice and has been for decades.
She's pretty
Winners: Rich White People and Kayne West.
Losers: Everybody else.
@Joe Maleski 1. Not a democrat.
2. Learn to take a joke snowflake!
Asians have more money than white people.
To be fair, Amazon stock partly rose during this pandemic because it boosted online shopping.
Wow…she’s a great communicator. My economics knowledge is basic, but I could genuinely follow this discussion. I like how she defines concepts along the way, speaking so efficiently and quickly that I don't lose track of the original point or question. And David...I mean, what thoughtful questions - they're complex, yet he settled beautifully onto a clear, pointed ask. Great segment - got a lot outta this one. 🌟
Winners: billionaires
Losers: David's shirt choice in this video
🤣🤣🤣
losers: people who watch this show
It's a bad choice
😂😂😂
Everyone should be rightly stunned at just how young Grace is. She’s fantastic. And she’s 27.
Ponzi Scheme worldwide.
USS Theodore Roosevelt.
1
She's very good on Double Down News. On YT.
Comment for the algorithm.
Ya he needs all the help he can get
Lol the lumber issue is cuz there’s a resin shortage
That's just my grandma. 🇬🇧 Busy ladies!
MN is having a problem with homes going up 10% in a month. Many people who now work from home have sold their homes on the coast and are buying homes in MN with all the money they made from their overpriced homes. They are paying cash and paying a lot over the asking price and driving the regular workers out of the market.
This also raises the value of all housing which drives up property taxes for the rest, even though their income is not going up.
America needs a proper housing development program, government takes the initiative in selecting unused or rundown areas to invest in building new inexpensive homes, partnered with lending institutions to offer non predatory financing for working class people….that’s my two cents anyways
👋 2nd Vax Shot, feeling fine 🕶💋! #GoScience #EqualityAct
Want a story from Austin about police retaliation thru federal housing violations ......?
They make more. We pay more, and make less. EVERY TIME.
And yet voted for biden so - taadaa!
@@anotherfoundsheep1773 and yet....NOPE! tadaaa! Anything else?
I don't know why I am leaving such a deep and heartfelt reply, as no-one I am sure is going to read this LOL. Grace - like a lot of people on the left - is someone who you get more out of listening to the more you read up. I was most familiar already with the way inflation was used as an argument against workers (I'd read it in a guinness encyclopedia when I was about 12 actually).
I think the way I feel at the moment we are living in is similar to how I feel about the ending of the film Tenet - I was wondering why I couldn't watch it again because of how I felt about the ending up the film... Because it just seems so sad and I couldn't figure out why it was making me feel this way (and the only way I could watch the film again would be to come to terms with it - poor me I guess).
It was only when having the ridiculous thought that British PM Boris Johnson would win even a competition to see who dances the best to Word Up by Cameo that I made the connection - as I thought the seemingly inevitable success of the teflon figure that is Boris Johnson was a bit like the Grandfather Paradox of Time Travel (featured in Tenet).
"What has happened has happened and you can't change this" - says the character Neil in Tenet, who ends up sacrificing his life at the climax of the film.
I believe we have free will - not total free will, but enough to allow us to live a life that isn't already fully determined. But I think I see how a world in which we have time travel would rob us of our free will (I'll connect this back to the interview with Grace in a second).
I believe we live in an 'open universe' where the future is still undetermined. This is the opposite of a 'block universe' where everything has already been deciced. Prof Sean Carroll has an excellent series he made during the covid lockdown where he covers this if anyone is interested - he gets into the philosophy of Hume ect as well. But the past itself cannot be changed - it is literally burned into time.
So my thinking is that if future events get determined by the past (due to time travel) that's when the grand father paradox comes into play. And in this case the future is no longer free anymore. I think calling the device that makes time travel possible in Tenet - 'The Algorithm' - makes sense here.
I had a similar thought (LOL) about financial derivatives in connection with another time travel film 'The Terminator' where financial derivatives are used like a Terminator from the future that destroys any chance of a Romantic Comedy film happening. Derivatives have a way of shaping the future - like for example supressing or inflating the price of things.
It's complicated to explain. I'll use physics instead of philosophy - I could just as well use philosophy to say the same thing. But if I was to get into it further I would reference the Heisenberg Uncertainty equation mass x distance squared divided by time = h/4pi. Basically if you put in the mass of our observable universe ('observable' being a key thing here), the planck distance and the age of the universe then you get h/4pi (where h is planck's constant).
But like in the 'The double slit experiment' the heisenberg uncertainty principle serves as a minimum (for the accuracy of taking a measurement). So you could in theory have a value for the universe where mass x distance squared divided by time is equal to greater than h/4pi, and the existence of dark matter and dark energy gives clues about this. For example you would get a much greater figure is you used distance as the size of the observable universe rather than using the planck distance. And like in the double slit experiment, the less accurate your measurement the more uncertainty - i.e. freedom - there is in the system.
Maybe I'm not making sense? But what I am trying to say is that the past represents everything we have measured. And more accurately we measured it the more it becomes fixed in time and determined (as it would in fact create a black hole - from which nothing can escape... not even time).
So there you go. This is why I feel sad.
Winners: MAGA movement
Losers: David Packman's sheep fans
Even though I know you meant it, I read your post as sarcastic and it was really funny.