I think we must show this video to get a new perspective to all our Babus in the government. I tend to agree that it is the people who make or break the country's economy and governments have important role in creating the incentive structure and opportunities for people to flourish.
The discussion avoided three major issues: 1. The extreme income inequality in the US. 2. The underlying reasons for Jan 6. 3. The destruction of the social movements cited at the end of the video such as the equal rights movement, etc. Besides that, Prof. Robinson displayed an amazing lack of knowledge about Mexico. He cited Carlos Slim's acquisition of Telmex and then said the current Mexican government couldn't enforce Mexico's strong anti-monopoly laws against him because of his position. He was correct when he said Slim received the Telmex concession because of his government connections. That is true. But, he failed to mention that Mexico has entered a new era, where the old neoliberal policies have been set aside and the Mexican working class is rising rapidly. The success of those programs is apparent in the 80% approval rating of the previous and current governments. He also forgot to mention that Telmex received a monopoly on long-distance services to offset its investment in upgrading the net. However, other telecom companies were licensed beginning in 1996. Slim hasn't had a monopoly to be broken up in over 30 years. As of 2023, the top 1% in the US holds 30% of the wealth while the bottom 50% has only 2.5%. Given the fact that US political power is driven by money, neither party did anything to alleviate that great disparity. Then along came Trump and did the only thing he's good at, he sold hot air and based it on hate for the other. And now, he's been reelected and has threatened most of the world because that is what he has done his entire life, bully those he thought had less power than him. The rise of the NAZIs was mentioned, without alluding to the obvious parallels with the rise of the MAGA movement. Even the words behind MAGA are becoming obscured, just like few people know the words behind NAZI. And that, brings up China. Trump started a tariff war on China in 2018. Biden continued the pressure because those rich donors call the shots. Xi got the message and has steadily been investing in technologies the West restricts all the while forming alliances in the Global South by investing instead of threatening. Now, BRICS+ is challenging the US dollar and gaining steam. China has a hybrid economic system that seems to be working pretty well. When you consider that the Chinese rise to economic powerhouse only started in 1978, they must be doing something right. Finally, let me touch on the discussion about Chile and the glazing over of the Pinochet coup and subsequent regime. I was there and saw everything unfold firsthand. The coup happened because the US Government wanted and supported it. Thousands died and disappeared, so yes, there is still a great deal of sensitivity about it.
I think Johnson makes some good points. The US does have a good legal system that allows individuals to create economic wealth, until or unless they impinge on the rights of others trying to do the same thing. For the most part the legal institutions in the US has worked for the small guy. But now we the independence of the legal system is being threatened by Trump and his sychofants. While doing business in South America I saw extractive societies. Supported by the legal institutions of the country. The South American societies have been plagued by the Conquistador Mentality. Conquistadors extracted the wealth of south Amerca, using the native labor, and sent it back to Spain. This still happens, but Spain has been related by Miami and some other European countries.
Let me tell you the three core parts of the every economy to stablility. The first one is the Political stability. If any nations works for the considerations or do the works for the society at the every levels of parts. The second is Economy stability. Which is means the alloacate the resources in the well manners and protect and support them through the different policies. And encourage the trade and commerces. And the third is the socialism. If peoples consider or care about the few part of the society. So it will be costly for the that nations. So society also the important reasons for the rise of the nation and the fail of the nations. I don't think so many highly educated peoples or so called professor know about the reasons of the european nations fails,south america nations fails,south africa nations fails. But today i am going to tell you the above three reasons are most important for the development. In 17th century British was so powerful country in the world. But in the 21st century GDP rate of the British is declining. And unemployement rate is increasing. Even British government has a lots of debts. And there are many reasons just like they didn't adopt the democracy in the early time. They didn't have a large area of lands. They didn't have a stable economy. And there are many reasons. I want to share with you guys but i don't have a time share with you. Because every nations rises in every nations fails. Because of the resources or technology. This time china has every thing. They have a large space of lands. They have already developed the infrastructure. Even there government supports the local businessess. And US has had already this things in the 20 century. So this is the major reason of the china development. Even china lends the money or investment in the other countries. They know the loop hole or weakness of the nations. Just like they have invested in the Sri lanka,pakistan,Bangladesh,middle east countries, and many more european countries. In South africa they have a many or massive amount of resources. But these countries are not developed and the reason is Corruption or government. I wanna share with you many reasons but i don't have a time.
Professor Johnson reminds me of Nial Ferguson. Both are historians with an ax to grind. Their goal as scholars is to persuade rather than inform. I prefer Charles Beard, Carl Becker, Alan Taylor, Frederick Jackson Turner, Richard Hofstadter, and a few others. You right-wing apologists do not impress me. The Fox News of historians.
I disagree. Johnson is not Freguson. Johnson has real and not just academic experience. From my own business experience in Latin and Asian countries I can verify what he is saying. Also put your biased aside and listen closely. This discussion is moderate, not a right or left wing discussion.
The host says Robinson won the Nobel Peace Prize for economics. No, you can not win the Nobel Chemistry Prize in physics. Originally there were five Nobel Prizes, peace, physics, chemistry, medicine and physiology, and literature. Much later a separately funded Nobel Memorial Prize for Economics was added. The only way to win a Nobel Peace Prize is to win the Nobel Prize for peace.
Exactly Mr. Reeves thats exactly right
I think we must show this video to get a new perspective to all our Babus in the government. I tend to agree that it is the people who make or break the country's economy and governments have important role in creating the incentive structure and opportunities for people to flourish.
The american exceptionalism!
The discussion avoided three major issues: 1. The extreme income inequality in the US. 2. The underlying reasons for Jan 6. 3. The destruction of the social movements cited at the end of the video such as the equal rights movement, etc.
Besides that, Prof. Robinson displayed an amazing lack of knowledge about Mexico. He cited Carlos Slim's acquisition of Telmex and then said the current Mexican government couldn't enforce Mexico's strong anti-monopoly laws against him because of his position.
He was correct when he said Slim received the Telmex concession because of his government connections. That is true. But, he failed to mention that Mexico has entered a new era, where the old neoliberal policies have been set aside and the Mexican working class is rising rapidly. The success of those programs is apparent in the 80% approval rating of the previous and current governments.
He also forgot to mention that Telmex received a monopoly on long-distance services to offset its investment in upgrading the net. However, other telecom companies were licensed beginning in 1996. Slim hasn't had a monopoly to be broken up in over 30 years.
As of 2023, the top 1% in the US holds 30% of the wealth while the bottom 50% has only 2.5%. Given the fact that US political power is driven by money, neither party did anything to alleviate that great disparity. Then along came Trump and did the only thing he's good at, he sold hot air and based it on hate for the other. And now, he's been reelected and has threatened most of the world because that is what he has done his entire life, bully those he thought had less power than him.
The rise of the NAZIs was mentioned, without alluding to the obvious parallels with the rise of the MAGA movement. Even the words behind MAGA are becoming obscured, just like few people know the words behind NAZI.
And that, brings up China. Trump started a tariff war on China in 2018. Biden continued the pressure because those rich donors call the shots. Xi got the message and has steadily been investing in technologies the West restricts all the while forming alliances in the Global South by investing instead of threatening. Now, BRICS+ is challenging the US dollar and gaining steam.
China has a hybrid economic system that seems to be working pretty well. When you consider that the Chinese rise to economic powerhouse only started in 1978, they must be doing something right.
Finally, let me touch on the discussion about Chile and the glazing over of the Pinochet coup and subsequent regime. I was there and saw everything unfold firsthand. The coup happened because the US Government wanted and supported it. Thousands died and disappeared, so yes, there is still a great deal of sensitivity about it.
I think Johnson makes some good points. The US does have a good legal system that allows individuals to create economic wealth, until or unless they impinge on the rights of others trying to do the same thing. For the most part the legal institutions in the US has worked for the small guy. But now we the independence of the legal system is being threatened by Trump and his sychofants. While doing business in South America I saw extractive societies. Supported by the legal institutions of the country. The South American societies have been plagued by the Conquistador Mentality. Conquistadors extracted the wealth of south Amerca, using the native labor, and sent it back to Spain. This still happens, but Spain has been related by Miami and some other European countries.
James looks like Alexander Cockburn
He doesn't count colonialism that makes Britain prosperous beside creativity and innovation
Let me tell you the three core parts of the every economy to stablility. The first one is the Political stability. If any nations works for the considerations or do the works for the society at the every levels of parts. The second is Economy stability. Which is means the alloacate the resources in the well manners and protect and support them through the different policies. And encourage the trade and commerces. And the third is the socialism. If peoples consider or care about the few part of the society. So it will be costly for the that nations. So society also the important reasons for the rise of the nation and the fail of the nations. I don't think so many highly educated peoples or so called professor know about the reasons of the european nations fails,south america nations fails,south africa nations fails. But today i am going to tell you the above three reasons are most important for the development. In 17th century British was so powerful country in the world. But in the 21st century GDP rate of the British is declining. And unemployement rate is increasing. Even British government has a lots of debts. And there are many reasons just like they didn't adopt the democracy in the early time. They didn't have a large area of lands. They didn't have a stable economy. And there are many reasons. I want to share with you guys but i don't have a time share with you. Because every nations rises in every nations fails. Because of the resources or technology. This time china has every thing. They have a large space of lands. They have already developed the infrastructure. Even there government supports the local businessess. And US has had already this things in the 20 century. So this is the major reason of the china development. Even china lends the money or investment in the other countries. They know the loop hole or weakness of the nations. Just like they have invested in the Sri lanka,pakistan,Bangladesh,middle east countries, and many more european countries. In South africa they have a many or massive amount of resources. But these countries are not developed and the reason is Corruption or government. I wanna share with you many reasons but i don't have a time.
Professor Johnson reminds me of Nial Ferguson. Both are historians with an ax to grind. Their goal as scholars is to persuade rather than inform. I prefer Charles Beard, Carl Becker, Alan Taylor, Frederick Jackson Turner, Richard Hofstadter, and a few others. You right-wing apologists do not impress me. The Fox News of historians.
What a piece of propaganda BS this guy is!!!
I disagree. Johnson is not Freguson. Johnson has real and not just academic experience. From my own business experience in Latin and Asian countries I can verify what he is saying. Also put your biased aside and listen closely. This discussion is moderate, not a right or left wing discussion.
The host says Robinson won the Nobel Peace Prize for economics. No, you can not win the Nobel Chemistry Prize in physics. Originally there were five Nobel Prizes, peace, physics, chemistry, medicine and physiology, and literature. Much later a separately funded Nobel Memorial Prize for Economics was added. The only way to win a Nobel Peace Prize is to win the Nobel Prize for peace.
He is wrong, Chile has always been poor
Right most of the time... is still right.
Chile and many nations have tons of opportunities to get better but often they screw it up
Yes sure, the nobel is wrong but Leo is right. Go get some self respect dude.
What garbage
Very disappointing.