DEMYSTICON 2025 ANNUAL MEETING IN PORTUGAL!!! June 12-16: demystifysci.com/demysticon-2025 Listen on the go at all podcast locations: anchor.fm/demystifysci Material solutions to quantum spookiness: www.youtube.com/@MaterialAtomics Short films @DemystifySciInvestigates: th-cam.com/channels/UfzVdgNu2xLThgM2qQZmSQ.html
So you completely all by yourself decided to make up the meaning of go postal.No, it was because the first person who did a mass shooting was originally a postal employee.You are a statist And a marxist has proven that you are not the best for our society
Brilliant commentary by Bill - we are especially blessed to experience the wisdom and humanity of two uncorrupted living legends of modern western culture like Michael Hudson & Bill Mitchell. Such moral integrity is rare indeed. Thank you for the wide ranging interviews.
As a consistent listener, I appreciate how you take on the 'hard stuff'. It's reassuring to watch your honest struggle with challenging ideas you encounter. Even thought there wasn't a happy ending, I hope you get Bill on again.
I’m still in the beginning of the video and I’ve already paused like 4 times and I literally got out of my seat and paced my office clapping my hands in enjoyment. You guys have big brains and thank goodness y’all exist so that I can actually be productive and learn something important while I pretend to do my job at work. I love y’all fr
I’ve been following you guys for such a long time after you interviewed Steve Keen for the first time and I reached out and told you guys to invite Michael Hudson on. Your growth and general knowledge and appreciation of economics / political economy has been so cool to see and to see the growth of this channel and it is really really amazing to hear and to see how much you’ve learned and have helped others learn too.
Not my suggestions but these suggestions above would certainly be contrast to the MMT crowd and the heterodox economists you’ve had on as they are firmly in the neoclassical camp of economists. Bill refers to them!
It takes self discipline and determination, not to mention self awareness, to be able to resist being manipulated by those with the power to reward and punish you.
I discovered your show recently via the Formscapes episode and have really enjoyed the science/philosophy discussions I’ve tuned into so far but seeing you tackle economics from a class perspective just got me extra excited. Granted I’m biased as a Marxist but I feel that class antagonism is critically underexplored for an issue that plays such an immense role in our society (though we probably don’t need to think too hard to theorize about why that is). Excited to watch this one tonight, thanks gang
Great interview, please get him back. It is a message of good versus greed, I agree with Bill people are good and we do have collective influence (going to say power, although power is the seed of greed)
You should talk to Yanis Varoufakis about what happened when he went into government in Greece against the Globalist banks very interesting... Keep up the interesting conversation.
The simple fact is it's capital v labour. If people were smarter enough to organise, they'd stand a chance. Enjoyed Mr. Mitchell's keen unflinching insights.
Thanks for the lovely discussion. I'm a few years younger than Dr. Mitchell, and lived through that history, mostly in Silicon Valley and AZ. I watched a world class educational system be dismantled. Sort of like the earlier wave of destruction/addiction that Anastasia spoke of was when authority was given to TV, that was traditionally given by fathers, mothers, spiritual authorities, or those who passed on the culture. Now, with the devices, its straight up training for addiction, and overstimulation without context. Looking back over my history, you can see the purposeful dismantling of traditional structures and roles. Social engineering. And by the time i was at University, every left or socialist organization was immediately surveilled, and disrupted, often by using language (NLP) and divide and disrupt techniques. Even `left´ papers were later traced back to intel origins. So, the left didn't die a natural death, it was strangled. I really have been pondering the question of how to systematically prevent corruption, and mourning the loss of altruism of the 60´s and 70´s, I have one thing to add to your analysis. When folks stopped going to church en mass, ethical or moral education fell away, especially with the secular education. Americans have become unbelievably corrupt. You cannot have a system that works without corruption if most people are more or less corrupt. So, I teach buddhist ethics, and how to apply them to business and life. Without an ethical core, and some traditional cultural revival, things remain quite grim. I love your wide reach of topics, suits me very well.
When he says Australia became prosperous it helps when iron ore is lying on top of the ground, gold the same and a population really tiny compared to the size of the country. The resources had to be there first before the debt could be issued or policies put in place, helps still when 160 billion trade surplus happens per year.
People are gaslit in the idea that they can take personal responsibility dealing with their own circumstance while at the same time systemic forces are ravaging their world. People are preaching this, it's so silly.
Appreciate Bill spreading the gospel of MMT: it's a lens, not a system nor a set of policies. I'm going to think over Bill's words on the failure of our institutions is not due to corruption - but the result of Neoliberal ideology. When one has personally experienced harm/ predatory behavior of these institutions, one may form a different perspective on just how rotten they've become.
It's silly how many people (like Jimmy Dore) who don't get this and could. It's not a policy prescription to spend without limit. MMT is the system we have! But we only act like it if banks go under or there's people to kill.
33:38 the expression "going postal" refers to postal service *employees* having violent outbursts in the workplace, wounding and sometimes killing their coworkers. Worker interaction with the general public was probably a factor, but to say it was members of the public attacking government workers isn't just wrong, it's backwards.
Economics has been known as the "dismal science".. Prof Mitchell certainly validated that 10x over. Honestly, it doesn’t need to be so dismal. Clarity can be had, with a solid dose of honesty and self-awareness. So much of Econ relates to politics.. and a sizable part of our population appears to have bought into envy and fear really... flashy promises, too... then there is the subverted Constitution. On this score, I will agree with Prof Mitchell that our educational system has failed us.
An honest conversation about the moral legitimacy of using force to remove the billionaire class is long overdue. Culturally normalizing this topic is probably the most peaceful and direct path to better economy for everyone.
Woah! The leftist ideologies, however well-intentioned, are like a virus. They infect the mind, distort reality, and render any attempt at honest analysis utterly futile. They prioritize feelings over facts, narrative over truth.. Because the truth is that free market capitalism is the natural consequence of a society that values individual rights, free speech and a free market economy; the moral principles America was founded upon.
@@rentlastname2824 Woah! The right wing amaerican ideologies, however well-intentioned, are like a virus. They infect the mind, distort reality, and render any attempt at honest analysis utterly futile. They prioritize feelings over facts, narrative over truth.. Because the truth is that democratic socialism is the natural consequence of a society that values individual rights, free speech and understand that a " free market economy" is a myth peddled by people like Milton Friedman
@ yeah right! Elon Musk pretty much saved free speech by buying Twitter and you guys want to lynch him for it. The lefties here even deleted my comment about free speech! Talk about irony!
58:00 "The people who often seek power like your undergraduates, are too young and too naive". And who can blame them. They are just seeking what the system demands of them.
Today i learned: If you want to know how to make money, pay 100$ for a sandwich at a Golf Club. Under NO circumstances go to work. oh wait. I need to form a think tank to propagate that idea. Can't pay taxes for that IP now. RIIGHT? (The Cynicism in this post is free of any ad-revenue).
Another economist worth interviewing is the Italian Marxist political economist Clara E. Mattei, who has also written a very important book called "The Capital Order", which is all about austerity economics and how it not only serves the economic and political interests of the capitalist class but also helps to maintain capitalism as an economic system.
You should interview Dr Neema Parvini for some interesting takes on political economy. He draws on elite theorists such as Paretro, Mosca and Machiavelli. Could also talk to him about the works of Spengler, Vico and Toynbee on the history of civilisations (in keeping with the theme of organicism which is regularly discussed on this channel), as well as Evola's contributions to traditionalist thought and Eastern esotericism.
@@thealienrobotanthropologist first of all, please understand that the MMT community as a whole isn't a monolith. Different members hold different political ideologies. Yes, some MMTers are capitalists but others like us are socialists who believe that it is all but impossible for the working class to hold any sort of meaningful power under the current system nor can we vote our way to power. Also, MMT very much deals with general accounting principles. In fact, much of what it teaches is derived from Abba Lerner's functional finance. Much of what separates it from orthodox mainstream economics is that unlike mainstream economics, it uses these accounting principles to make empirical real world economic predictions and models.
Although Bill hates this point of view but MMT is basically System Accounting fact: All sectors must in a terms accounting satisfy- assets minus liabilities minus equity equal zero (A-L-E=0). The left is in decline because our own governments are captured by the economics neoclassical school, which is an existential threat to us all. The results is the wealthy get very wealthy but the vast majority get poorer and poorer with infrastructure collapsing all around us. Working folk can not make the rent and heat the house and pay for food. They look for someone to blame. The right and far right feed on these emotions and push the narrative that it's the incomers (I'm being careful with language) that are to blame. The right then doubles down on the failed economic neoclassical practices and pushes for more. Eventually this will manifest in riots and possible civil unrest and likely worse.
Exactly. And the left and far left also feed off the fear by scapegoating "the other" by skin color, gender, historical oppression, etc. So there is no right or left, only a uniparty controlled by the donor class. Rich get richer, poor stay poor.
The irony of oligarchy and late stage capitalism is that the very ideas that Adam Smith wrote about don't exist. Late stage doesn't provide for a free market. Not at any node, whether it be ideas, economics, political or cultural; Why? Because there's no middle class to support these. It makes it harder to earn money without having to be sponsored. We also love to talk about health alot (well sort of) but countries with high levels of inequality tend to be less democratic, tend to have citizens who don't live as long, and tend to have corrupt economic systems that inevitably lead to what we are experiencing now. War, suffering and sickness.
Scarcity and abundance can influence motivations along with escatology. Saying that currency originates with the currency issueing entity is true, but it is important not to overlook the reality of the day which means we need to consider the power of the banks to create currency as well. As long as the government is balancing spending with tax and treasury bonds then in reality all new currency creation is being done by banks. Bank money creation necessarily includes interest, so it important to disaggregate the money creation into loans for productivity and loans for asset purchases or cunsumption. In order for interest costs to be covered productivity is fine but credit creation for asset purchases require ever growing levels of debt to cover an ever increasing increase in asset prices to cover the collateral of the loan. Prof mitchell has a broad range of information and it would have been nice to hear him speak on treasury bond purchases by the japanese central bank and us central bank during 2020 to 2021, in accordance with blackrock's "going direct" recommendations in 2019
"so it important to disaggregate the money creation into loans for productivity and loans for asset purchases or consumption" Why? All money adds to the money supply so all adds to increased consumption, therefore productivity. Would not matter if bank offered it for a car or a solar panel.
@antonyjh1234 investments for productivity increase the supply of goods or services so increased demand is less inflationary to prices but may increase the velocity of money which will help to pay the interest. In my opinion, economists should have their primary focus on whether an activity improves the commons or detracts from it. Unfortunately GDP plays into the key neoliberal concept that all profit is earned, and ignores the 3 types of potential relations between agents: mutualism, parasitism and commensalism, which shows that some profit could be stolen or swindled. We can view the world as a zero sum game, or alternately, consider the potential of the impacts of innovation to be limitless except real constraints.
@@antonyjh1234you and I define productivity differently. In terms of what is counted towards GDP it would depend on the country that is doing the counting. My definition of productivity stipulates that the activity should either result in increased non monetary wealth and or leisure time. However if I ran 2 businesses and the night business was smashing windows and the day business was replacing windows GDP would definitely increase without any improvement to wealth and a reduction in leisure time.
Two recommendations re. interviewing other economists: Richard D. Wolff and Anwar Shaikh (who both come from a radical classical/Marxist political economy perspective).
You're correct in understanding economics (or much better yet "the political economy," as it used to be more accurately named then) as the foundation of everything in society -- but you are not going to arrive at some enlightening synthesis of views by interviewinn non-MMT folks...they'll just confuse everything; partially because they just don't understand but also due to them really not wanting to comprehend why the system that works for them isn't actually good or sustainable.
classical marxists and postmodernism splited after 1968 and vietnam. it was the postmodernists that did that. what they did we see now, cultural war not class war. however, the bridge between modernity ideas and postmodernism were the frankfurt school scholars. these folx, including the structuralists, so the frankfurt school and postmodernists, these three groups, wanted to bring the left in the west into the liberal capitalist frame and militarism. that is why all of the identity discourses of the ,,new left,, as it was coined after 1968 and vietnam were liberal currents such as feminism, the queer theory and postcolonial studies materialised with movements such as the blm. we are not gone, in fact, classical marxism with class war politics is coming back with understanding on what happened with the left in the west with postmodernists. postmodernism is a cultural logic of neoliberalism. so therefore, postmodernism is about culture, this was our basic conflict that we can not critique the capitalist system, if we do not attack the political economy, which classical marxism was doing before postmodernists came on the scene in the west and did their stupidity and brutality abbandoning the working class and moving into the kantian idea that was also taken by the frankfurt scholars about modernity individualism. class war not cultural war. that is, classical marxism not postmodernism. if you read marx, he explined well the base and the superstructure. the base are the property and means of production and the superstructure is all above the base that is reproduced like religion, culture etc. we need to fight the base by attacking the property relations that reproduce class relations and do the job of splitting the classes into property class and the working class that does not own anything. moving into classless society needs a collective action. so, i hope this will help your thinking folx ❤🎉 cheers, your fav marxist :)
If you want to know how the elites came to rule America read Who Rules America? The Corporate Rich, White Nationalist Republicans, and Inclusionary Democrats in the 2020s G. William Domhoff Eighth Edition The Death of the Liberal Class, By Chris Hedges.
The dear professor was a bit wide of the mark when he said that "52pct of Americans haven't finished High School". Per GROK... As of the most recent data available, about 10% of Americans age 25 and older have not completed high school or an equivalent education like a GED. This figure corresponds to the high school completion rates where approximately 90% of the U.S. population in this age group has completed high school or higher education.
"crazy characters like RFK Jr" mmmkay "the left aren't as embedded in capital as the right" wow. People think this guy is seeing the through the narratives, yeah?
@@DemystifySci_Podcast...what? New to this channel, as you have a very interesting guest here, but... Why in the seventeen hells would you vote for an absolute worm ridden lunatic like Raspy F-ing Kennedy Jr?
Yes, as RFK jr. has indeed a very crazy side, Roadkill transporting, and such. And the Right (As in Conservatives) are trying to preserve their wealth like their forefathers did: Extremely cheap labour. Or Slavery, for those who didn't get the hint. (which is way older than USA, or their way of "conservative" thinking). What are they trying to conserve? Their wealth. So, in that regard, Mitchell is right on both accounts.
@cutback443 it did not hurt one bit. You can't eat gold. You can make good radiation shields in case you accidentally turn Up a few thousand miles on the way home. The lesson is what form the tax credit numeraire takes is irrelevant. Who controls the power driving the system and the narrative they use to stay in power is the only thing that matters for figuring out how to give the workers and the worlds poor a decent dignified life free form economic oppression.
Exactly, Luigi showed us up big time, but the thing is genuinely left wing people are not going to go on a killing rampage against the ruling elites. It is not in our nature. Not to mention if the CEO of UnitedHealth was a (white) woman, this timeline/reaction goes very differently.
It's all about the capital. After the 2nd world war, the over production was spread out amongst the population creating quite a substantial middle class (workers who own their own home i.e have capital). Now that is what, after the neoliberal coup, they are coming for. And you can see it playing out, the middle class wasn't placated with trinkets as per Prof Mitchell, it was their asset price inflation that suckered them into thinking they where getting rich but in reality they are trading a short term return for the long haul return to a ruling class where most people will be serfs once again. The saddest thing about the present ideology, not many people pay attention to emergence, the metaphysical aspects of society. Like money being a metaphysical entity of obligation to how business cycles are created, i.e. Minsky's hypothesis. They see if from the individual, like you alluded to, where surely they will be the next millionaire eventually through a free lunch event. I will spare you the counter revolution theories I have to counter the attempts of the left to fight what is being suffered upon us but you know, I heard her say CIA...
1:07:00 The trickle down stuff has never existed as a theory outside of the imagination of keft-leaning people. It's a term coined by will Rogers in the '30s--this man is a steady streamnif Leftist mthtology, and MMT is all the drawbacks of fiat currency on steroids, and *especially* hurts the less well-off.
I was literally just thinking how much i missed the weeky episodes! Thanks for the upload! 1:40 We tried with Occupy Wallstreet... but apparently, a bunch of African Americans came along and started pushing race politics over class politics. Then BLM came several years later. 5:15 Nice editing!!! 11:45 hahahahhaha! Is this bloke from NZ or AUS? 15:40 It was oil manipulation even back then!? That is wild! 25:00 100% 😢 and the social democrats love putting immigrants on welfare just as much as the modern liberal establishment. (Good for recycling money) 29:50 he made economic history apparently... but we aren't allowed to talk about that as it undermines his devilishness 🤐 54:00 woah!!!! Sad stuff! 1:17:45 wait a second! My little brother goes to private school, and our contributions to it make the expense for each student LESS than public. (As those in public dont contribute as they believe the tax covers it all) 1:19:10 hey old man! I might be critical of Revisionist Zionism and some aspects of jewish identity as a group/mob. But stop pointing the finger like its some all powerful shadow monarch! 1:51:30 I agree! The dichotomy is meaninglessness now! 2:11:15 aw geez... so many of my fellow Australians are still sucked in by the scam 😂
'The personal is political' wasn't an errant idea but it did attract many vulgarisations. The sectarian and essentialist proselytising and inward turning of some feminist and leftist groups did show that the personal could be far from political enough at times. And, a Left incapable of developing a transformative political practice open to the masses is doomed. Still, I disagree with many points made by Bill. A lot of communists I know had good middle class backgrounds and a good education to boot. Anti-war activism may have launched their leftist political experience but many middle class leftists developed a far broader socialist understanding than that. It wasn't all a Big Chill for middle class socialists just as it wasn't Permanent Revolution for working class socialists. Furthermore, I do not accept the aphilosophical leaning of some of Bill's comments. Marx, it bears mentioning, sought to undertake an immanent critique of political economy (a critique of classical political economy, that is, a critique of the thoughts and ideas set out in written works, texts, of notable political economists that despite the critical intent remains grounded to a significant degree in the thoughts and ideas of political economy). Now, while I wouldn't want to reduce the idea of a Marxist immanent critique to what Hans George Gadamer describes as philosophical hermeneutics the latter philosophical method is a generalisation (an over-generalisation in my view) of the philosophical method followed by Marx or other practitioners of immanent critique when they undertake studies into political economy or other theories/disciplines. Yes, sitting around talking about hermeneutics at a political economy conference is a poor use of time but leftists ought to be aware that critique isn't some simple minded exercise where you form an account based on true concepts that gets applied to the subject matter. At the outset of a critical study, there are no entirely satisfactory scientific concepts nor any empirically well defined subject matter that we can take as indisputable. There are just received wisdoms/articulations of experience that may be bourgeois, Marxist, utopian or whatever which we sometimes sense can't be quite right because the received wisdom fails to account for the many contradictions and anomalous outcomes thrown up by attempts to conduct ourselves in accordance with that received wisdom. Philosophical hermeneutics, to be fair, is about going through the necessary process of successive conceptual refinements and the overcoming of intellectual one-sidedness that takes our experience and the experience of others seriously. Class is a part of our lives and our world not a schema to explain everything without ever having waded into life and lived experience. The concept of class can never be a substitute for lived experience, it is meant to help make sense of it. Treating the concepts of classical political economy in a positivistic fashion derails substantive Marxist critique. Likewise, talking in overly generalising ways, in the manner of philosophical hermeneutics about the always already received conceptual orders that shape our intellectual life/self-awareness doesn't exactly pile up insightful discoveries at out feet that open the way to a more fruitful practice. The Marxist critique of political economy does indeed disclose aspects of our class determined existence in the world while simultaneously papering over other aspects of our conduct, daily experiences and relationships with others that are at odds with our image of ourselves as being free of contradiction and in total control. Class is supposed to make sense of our existence and experience - think of E.P. Thompson rather than vulgar Marxism/economism - not eviscerate and substitute for it. The substantive things that Bill says, though, hit the nail on the head.
The idea that there’s not a left anymore and the right has taken over is so detached from reality. It’s also anti-intellectual, anti-academic, extremely oversimplified, and again, detached from reality. If you’re seriously seeking to be objective, bring up an Austrian economist from the Mises institute, like Thomas Di Lorenzo, Joseph T Salerno, or even an anti-neocon conservative like Paul Gottfried, who’s also a contributor at Mises institute.
What do you see as the left or the right? I see the left as care and consideration of the planet etc and the right spending on war and oil, or an example I like to give, if 80% of the homeless spend fifty dollars a day on drugs that is 26 million a day being spent so somebody is getting paid and other people know about it. Under the situation of never being closer to world war 3, drugs openly sold and taken on the streets, that the three letter agencies are behind and we use oil foreign people are being killed over, to go for a sunday drive and instead of change it looks like more of the same. What examples do you know of that the right hasn't taken over?
Can you give an example of the left being in power or doing anything? My thoughts were the left were care for the planet, each other etc, the right is about war, business, oil and a lack of care for others.
@@DemystifySci_Podcast It's been in existence 54 years but I hear ya, we are products of our environment and I'm learning too, hopefully you can take a ground swell with you towards realisation that every single dollar is debt and why shouldn't we pay that debt to ourselves, towards sustainability instead of profit.
Well, where to start... nobody talks "class" anymore because people like prof Mitchell lost the plot and the debate a long time ago. "Democratic Socialism" is the soft-pedal way to push Marxism and ultimately, communism. So many things to say on this plodding discussion in critiques of capitalism... ultimately, Marxism relies on jealousy. Capitalism is based on freedom - Freedom wins all day long. The likes of Thomas Sowell and Milton Freidman run circles around the jealousy of the Marxists. Unparalleled prosperity abounds where freedom reigns.
Magic money tree economists are the ONLY economists who'll speak to you? I don't think so. I think free-market advocates will also talk to you as well.
If you want a free market, go live in the woods. It doesn't work, for obvious reasons. The free market deregulation agenda of the last 50 years is code for big business takeover and monopolization. The idea that markets free from government regulation produce competition is completely bogus, it's the opposite.
Disreguarding identity is disingenuous and typical of people who like to misapply thier rules. All use identity. Economy is a tool used to manage and control societal systems. You need a target to commodify. Your use of a census helps determine those targets as your family, your friends, co-workers, etc.. All these are identities. Identity is a tool that your system exploited for years in many spheres, but I don't expect purposefully deceptive people to face that reality. Identity is a social tool like economy is. I hope that I'm never recommended this joke channel again.
@@Darker_Void_Scientist Please, looking at your other comments under community stick that thumb in your mouth and suck on whenever you feel like commenting anywhere else k, as you add nothing of value to move people forward to a better existence..
Your identity is a construction and does nothing to provide for people’s material needs. The Greeks hid behind their identities while denying slaves a right to vote. The Tlingit hid behind their identities while denying chattel slaves the right to participate in the political economy. China the same, Africa the same… gender the same.. the list goes on.
89.8% of Americans aged 25 and older have a high school diploma or GED. For those aged 25-30, the number increases to 92.95% In Finland where students are considered to receive a very high quality educational experience 93% of students (compared to 90% in Australia) graduate high school and 66% go on to higher education (52.6% in Australia). With the educational strategy in Finland focusing on respecting teachers and equity over excellence as well as teaching students how to learn and giving them the time and space they need to master the subject matter good academic results do follow (even though that isn't the uppermost educational goal). The broader/more rounded educational goals just described are what seems to matter. Australia has made a slight effort to follow Finand's lead. So far, nothing has come of it. Note: There appears to be some hollowness in the Australian numbers. With year 7 to 12 retention rates hovering around 80%, 90% graduation has an uncertain meaning and hardly a good one.
DEMYSTICON 2025 ANNUAL MEETING IN PORTUGAL!!! June 12-16:
demystifysci.com/demysticon-2025
Listen on the go at all podcast locations: anchor.fm/demystifysci
Material solutions to quantum spookiness: www.youtube.com/@MaterialAtomics
Short films @DemystifySciInvestigates: th-cam.com/channels/UfzVdgNu2xLThgM2qQZmSQ.html
Read US Left purity fetish
Midwest Marx
It's not.
A coincidence that the left died in Europe.It was the CIA just like the u.S
So you completely all by yourself decided to make up the meaning of go postal.No, it was because the first person who did a mass shooting was originally a postal employee.You are a statist
And a marxist has proven that you are not the best for our society
Brilliant commentary by Bill - we are especially blessed to experience the wisdom and humanity of two uncorrupted living legends of modern western culture like Michael Hudson & Bill Mitchell.
Such moral integrity is rare indeed.
Thank you for the wide ranging interviews.
As a consistent listener, I appreciate how you take on the 'hard stuff'. It's reassuring to watch your honest struggle with challenging ideas you encounter. Even thought there wasn't a happy ending, I hope you get Bill on again.
I’m still in the beginning of the video and I’ve already paused like 4 times and I literally got out of my seat and paced my office clapping my hands in enjoyment. You guys have big brains and thank goodness y’all exist so that I can actually be productive and learn something important while I pretend to do my job at work. I love y’all fr
Honey wake up, Bill Mitchell's on!
I’ve been following you guys for such a long time after you interviewed Steve Keen for the first time and I reached out and told you guys to invite Michael Hudson on. Your growth and general knowledge and appreciation of economics / political economy has been so cool to see and to see the growth of this channel and it is really really amazing to hear and to see how much you’ve learned and have helped others learn too.
awesome. who else would round on our economics education?
@@DemystifySci_Podcast Michael Pettis, Dirk Ehnts, Thomas Piketty
They would all be interesting to speak with!
@@DemystifySci_Podcast What about Tyler Cowen, Steven Levitt. Not an economist but I'd love to hear you both talk to Jim Rutt.
Not my suggestions but these suggestions above would certainly be contrast to the MMT crowd and the heterodox economists you’ve had on as they are firmly in the neoclassical camp of economists. Bill refers to them!
It takes self discipline and determination, not to mention self awareness, to be able to resist being manipulated by those with the power to reward and punish you.
I discovered your show recently via the Formscapes episode and have really enjoyed the science/philosophy discussions I’ve tuned into so far but seeing you tackle economics from a class perspective just got me extra excited. Granted I’m biased as a Marxist but I feel that class antagonism is critically underexplored for an issue that plays such an immense role in our society (though we probably don’t need to think too hard to theorize about why that is). Excited to watch this one tonight, thanks gang
Great interview, please get him back. It is a message of good versus greed, I agree with Bill people are good and we do have collective influence (going to say power, although power is the seed of greed)
You should talk to Yanis Varoufakis about what happened when he went into government in Greece against the Globalist banks very interesting... Keep up the interesting conversation.
Obsession with race and sex wrecked the Democratic Party. Should be obsessed with class.
THIS ⤴️
The simple fact is it's capital v labour. If people were smarter enough to organise, they'd stand a chance. Enjoyed Mr. Mitchell's keen unflinching insights.
Thanks for the lovely discussion. I'm a few years younger than Dr. Mitchell, and lived through that history, mostly in Silicon Valley and AZ. I watched a world class educational system be dismantled. Sort of like the earlier wave of destruction/addiction that Anastasia spoke of was when authority was given to TV, that was traditionally given by fathers, mothers, spiritual authorities, or those who passed on the culture. Now, with the devices, its straight up training for addiction, and overstimulation without context. Looking back over my history, you can see the purposeful dismantling of traditional structures and roles. Social engineering. And by the time i was at University, every left or socialist organization was immediately surveilled, and disrupted, often by using language (NLP) and divide and disrupt techniques. Even `left´ papers were later traced back to intel origins. So, the left didn't die a natural death, it was strangled.
I really have been pondering the question of how to systematically prevent corruption, and mourning the loss of altruism of the 60´s and 70´s, I have one thing to add to your analysis. When folks stopped going to church en mass, ethical or moral education fell away, especially with the secular education. Americans have become unbelievably corrupt. You cannot have a system that works without corruption if most people are more or less corrupt. So, I teach buddhist ethics, and how to apply them to business and life. Without an ethical core, and some traditional cultural revival, things remain quite grim.
I love your wide reach of topics, suits me very well.
When he says Australia became prosperous it helps when iron ore is lying on top of the ground, gold the same and a population really tiny compared to the size of the country. The resources had to be there first before the debt could be issued or policies put in place, helps still when 160 billion trade surplus happens per year.
You should study some history before making a comment.
@@marrinon How does history change any of what I said?
You can’t eat iron ore, or gold.
People are gaslit in the idea that they can take personal responsibility dealing with their own circumstance while at the same time systemic forces are ravaging their world. People are preaching this, it's so silly.
Appreciate Bill spreading the gospel of MMT: it's a lens, not a system nor a set of policies. I'm going to think over Bill's words on the failure of our institutions is not due to corruption - but the result of Neoliberal ideology. When one has personally experienced harm/ predatory behavior of these institutions, one may form a different perspective on just how rotten they've become.
It's silly how many people (like Jimmy Dore) who don't get this and could. It's not a policy prescription to spend without limit. MMT is the system we have! But we only act like it if banks go under or there's people to kill.
Bill is excellent.
33:38 the expression "going postal" refers to postal service *employees* having violent outbursts in the workplace, wounding and sometimes killing their coworkers. Worker interaction with the general public was probably a factor, but to say it was members of the public attacking government workers isn't just wrong, it's backwards.
Definitely have Bill Mitchell back. He's a fellow Australian whom I (and a few others) take great notice of, especially on political economic matters.
I Enjoyed Listening to His Band!
thank you! thank you bill.
thanks for holding this space.
Yes, please invite him back.
Economics has been known as the "dismal science".. Prof Mitchell certainly validated that 10x over.
Honestly, it doesn’t need to be so dismal. Clarity can be had, with a solid dose of honesty and self-awareness. So much of Econ relates to politics.. and a sizable part of our population appears to have bought into envy and fear really... flashy promises, too... then there is the subverted Constitution. On this score, I will agree with Prof Mitchell that our educational system has failed us.
great analysis from bill mitchell - and he's an aussie. people like him and richard dennis are national treasures
Amazing the whole piece, specially interesting from an international point of view. Love the economy discussion
From a British perspective - how about talking to Gary Stevenson - author of "The Trading Game"?
An honest conversation about the moral legitimacy of using force to remove the billionaire class is long overdue. Culturally normalizing this topic is probably the most peaceful and direct path to better economy for everyone.
Woah! The leftist ideologies, however well-intentioned, are like a virus. They infect the mind, distort reality, and render any attempt at honest analysis utterly futile. They prioritize feelings over facts, narrative over truth..
Because the truth is that free market capitalism is the natural consequence of a society that values individual rights, free speech and a free market economy; the moral principles America was founded upon.
@rentlastname2824 irony alert
@@rentlastname2824 Woah! The right wing amaerican ideologies, however well-intentioned, are like a virus. They infect the mind, distort reality, and render any attempt at honest analysis utterly futile. They prioritize feelings over facts, narrative over truth..
Because the truth is that democratic socialism is the natural consequence of a society that values individual rights, free speech and understand that a " free market economy" is a myth peddled by people like Milton Friedman
@ yeah right! Elon Musk pretty much saved free speech by buying Twitter and you guys want to lynch him for it.
The lefties here even deleted my comment about free speech! Talk about irony!
Get in the gulag Kulak. F U
58:00 "The people who often seek power like your undergraduates, are too young and too naive". And who can blame them. They are just seeking what the system demands of them.
Today i learned: If you want to know how to make money, pay 100$ for a sandwich at a Golf Club. Under NO circumstances go to work. oh wait. I need to form a think tank to propagate that idea.
Can't pay taxes for that IP now. RIIGHT? (The Cynicism in this post is free of any ad-revenue).
Another economist worth interviewing is the Italian Marxist political economist Clara E. Mattei, who has also written a very important book called "The Capital Order", which is all about austerity economics and how it not only serves the economic and political interests of the capitalist class but also helps to maintain capitalism as an economic system.
steve keen is a good guest.he ties clearly between earth boundries,and unviability of our current finance and economics models.
there are several convos here with steve
thanks@@DemystifySci_Podcast
🎯 What happened to a genuine Leftist critique of reality❔
Answer: Femini$t co-optation
From-class-to-identity
Haven't heard these absolutely original condition antiques in years!
Great video so far this is gorgeous #18:20
You should interview Dr Neema Parvini for some interesting takes on political economy. He draws on elite theorists such as Paretro, Mosca and Machiavelli. Could also talk to him about the works of Spengler, Vico and Toynbee on the history of civilisations (in keeping with the theme of organicism which is regularly discussed on this channel), as well as Evola's contributions to traditionalist thought and Eastern esotericism.
@@thealienrobotanthropologist we discuss political economy/class struggle through the lens of MMT all the time.
@@thealienrobotanthropologist first of all, please understand that the MMT community as a whole isn't a monolith. Different members hold different political ideologies. Yes, some MMTers are capitalists but others like us are socialists who believe that it is all but impossible for the working class to hold any sort of meaningful power under the current system nor can we vote our way to power.
Also, MMT very much deals with general accounting principles. In fact, much of what it teaches is derived from Abba Lerner's functional finance. Much of what separates it from orthodox mainstream economics is that unlike mainstream economics, it uses these accounting principles to make empirical real world economic predictions and models.
Although Bill hates this point of view but MMT is basically System Accounting fact:
All sectors must in a terms accounting satisfy- assets minus liabilities minus equity equal zero (A-L-E=0).
The left is in decline because our own governments are captured by the economics neoclassical school, which is an existential threat to us all. The results is the wealthy get very wealthy but the vast majority get poorer and poorer with infrastructure collapsing all around us. Working folk can not make the rent and heat the house and pay for food. They look for someone to blame. The right and far right feed on these emotions and push the narrative that it's the incomers (I'm being careful with language) that are to blame. The right then doubles down on the failed economic neoclassical practices and pushes for more. Eventually this will manifest in riots and possible civil unrest and likely worse.
Exactly. And the left and far left also feed off the fear by scapegoating "the other" by skin color, gender, historical oppression, etc. So there is no right or left, only a uniparty controlled by the donor class. Rich get richer, poor stay poor.
Why do you not interview George Galloway whose workers party is an explicitly socialist party committed to class politics.
The irony of oligarchy and late stage capitalism is that the very ideas that Adam Smith wrote about don't exist. Late stage doesn't provide for a free market. Not at any node, whether it be ideas, economics, political or cultural; Why? Because there's no middle class to support these. It makes it harder to earn money without having to be sponsored. We also love to talk about health alot (well sort of) but countries with high levels of inequality tend to be less democratic, tend to have citizens who don't live as long, and tend to have corrupt economic systems that inevitably lead to what we are experiencing now. War, suffering and sickness.
you can also try thomas piketti- economy.
and jason hickel.
Scarcity and abundance can influence motivations along with escatology. Saying that currency originates with the currency issueing entity is true, but it is important not to overlook the reality of the day which means we need to consider the power of the banks to create currency as well. As long as the government is balancing spending with tax and treasury bonds then in reality all new currency creation is being done by banks. Bank money creation necessarily includes interest, so it important to disaggregate the money creation into loans for productivity and loans for asset purchases or cunsumption. In order for interest costs to be covered productivity is fine but credit creation for asset purchases require ever growing levels of debt to cover an ever increasing increase in asset prices to cover the collateral of the loan. Prof mitchell has a broad range of information and it would have been nice to hear him speak on treasury bond purchases by the japanese central bank and us central bank during 2020 to 2021, in accordance with blackrock's "going direct" recommendations in 2019
"so it important to disaggregate the money creation into loans for productivity and loans for asset purchases or consumption"
Why? All money adds to the money supply so all adds to increased consumption, therefore productivity. Would not matter if bank offered it for a car or a solar panel.
@antonyjh1234 investments for productivity increase the supply of goods or services so increased demand is less inflationary to prices but may increase the velocity of money which will help to pay the interest. In my opinion, economists should have their primary focus on whether an activity improves the commons or detracts from it. Unfortunately GDP plays into the key neoliberal concept that all profit is earned, and ignores the 3 types of potential relations between agents: mutualism, parasitism and commensalism, which shows that some profit could be stolen or swindled. We can view the world as a zero sum game, or alternately, consider the potential of the impacts of innovation to be limitless except real constraints.
@@antonyjh1234you and I define productivity differently. In terms of what is counted towards GDP it would depend on the country that is doing the counting. My definition of productivity stipulates that the activity should either result in increased non monetary wealth and or leisure time. However if I ran 2 businesses and the night business was smashing windows and the day business was replacing windows GDP would definitely increase without any improvement to wealth and a reduction in leisure time.
DR RICHARD WOLFF A MUST HAVE GUEST !!!
Two recommendations re. interviewing other economists: Richard D. Wolff and Anwar Shaikh (who both come from a radical classical/Marxist political economy perspective).
If you design a system with a profit motive you'll get massive bureaucracy.
Change to purpose driven .
How?
can you invite david wengrow,to talj about the freedom to change social structures,through the lenses of ''the dawn of everything''?
I love you two and your lrog.❤
never really was able to get my head , on economics ,though i'm not completely blind.
You're correct in understanding economics (or much better yet "the political economy," as it used to be more accurately named then) as the foundation of everything in society -- but you are not going to arrive at some enlightening synthesis of views by interviewinn non-MMT folks...they'll just confuse everything; partially because they just don't understand but also due to them really not wanting to comprehend why the system that works for them isn't actually good or sustainable.
classical marxists and postmodernism splited after 1968 and vietnam. it was the postmodernists that did that. what they did we see now, cultural war not class war. however, the bridge between modernity ideas and postmodernism were the frankfurt school scholars.
these folx, including the structuralists, so the frankfurt school and postmodernists, these three groups, wanted to bring the left in the west into the liberal capitalist frame and militarism. that is why all of the identity discourses of the ,,new left,, as it was coined after 1968 and vietnam were liberal currents such as feminism, the queer theory and postcolonial studies materialised with movements such as the blm.
we are not gone, in fact, classical marxism with class war politics is coming back with understanding on what happened with the left in the west with postmodernists. postmodernism is a cultural logic of neoliberalism. so therefore, postmodernism is about culture, this was our basic conflict that we can not critique the capitalist system, if we do not attack the political economy, which classical marxism was doing before postmodernists came on the scene in the west and did their stupidity and brutality abbandoning the working class and moving into the kantian idea that was also taken by the frankfurt scholars about modernity individualism.
class war not cultural war. that is, classical marxism not postmodernism. if you read marx, he explined well the base and the superstructure. the base are the property and means of production and the superstructure is all above the base that is reproduced like religion, culture etc. we need to fight the base by attacking the property relations that reproduce class relations and do the job of splitting the classes into property class and the working class that does not own anything. moving into classless society needs a collective action.
so, i hope this will help your thinking folx ❤🎉
cheers,
your fav marxist :)
So essentially, it's the exchange rates that keep the whole system afloat?
His great mistake is not knowing that Neil.Liberal democracy always fails
Nastia and Shiloh, you guys are cool man. You guys are cool......
If you want to know how the elites came to rule America read Who Rules America?
The Corporate Rich, White Nationalist Republicans, and Inclusionary Democrats in the 2020s
G. William Domhoff
Eighth Edition
The Death of the Liberal Class, By Chris Hedges.
The dear professor was a bit wide of the mark when he said that "52pct of Americans haven't finished High School".
Per GROK...
As of the most recent data available, about 10% of Americans age 25 and older have not completed high school or an equivalent education like a GED. This figure corresponds to the high school completion rates where approximately 90% of the U.S. population in this age group has completed high school or higher education.
hahah yeah I just looked this up today. whoops!
I assumed he meant to say college not HS. 🤔 🤷♂️
please have on Professor Richard Wolff
tried; no response
"crazy characters like RFK Jr" mmmkay "the left aren't as embedded in capital as the right" wow. People think this guy is seeing the through the narratives, yeah?
i voted for RFK. there, i said it.
@@DemystifySci_Podcast 😇
@@DemystifySci_Podcast...what? New to this channel, as you have a very interesting guest here, but... Why in the seventeen hells would you vote for an absolute worm ridden lunatic like Raspy F-ing Kennedy Jr?
Yes, as RFK jr. has indeed a very crazy side, Roadkill transporting, and such. And the Right (As in Conservatives) are trying to preserve their wealth like their forefathers did: Extremely cheap labour. Or Slavery, for those who didn't get the hint. (which is way older than USA, or their way of "conservative" thinking). What are they trying to conserve? Their wealth. So, in that regard, Mitchell is right on both accounts.
17:25 *Heidegger
From 1933 to 1974, U.S. citizens were not allowed to possess more than a few gold coins or gold jewelry but certainly nothing like gold bars.
wow really??
@@DemystifySci_Podcastyou didn't know that?
The gov't took Americans' gold.. most voluntarily gave it over tho
GewgLe it
@cutback443 it did not hurt one bit. You can't eat gold. You can make good radiation shields in case you accidentally turn Up a few thousand miles on the way home. The lesson is what form the tax credit numeraire takes is irrelevant. Who controls the power driving the system and the narrative they use to stay in power is the only thing that matters for figuring out how to give the workers and the worlds poor a decent dignified life free form economic oppression.
It had to do with the Great Recession, preventing bank runs, and capital flight...long history there; fascinating material to explore next!
Workers Party, George Galloway!! Old school left in the UK political arena.
Luigi figured it out. What's left to talk about?
You're an idiot.
I don't know, maybe the atrocities committed in the name of your delusional ideology
Exactly, Luigi showed us up big time, but the thing is genuinely left wing people are not going to go on a killing rampage against the ruling elites. It is not in our nature.
Not to mention if the CEO of UnitedHealth was a (white) woman, this timeline/reaction goes very differently.
It's all about the capital. After the 2nd world war, the over production was spread out amongst the population creating quite a substantial middle class (workers who own their own home i.e have capital). Now that is what, after the neoliberal coup, they are coming for. And you can see it playing out, the middle class wasn't placated with trinkets as per Prof Mitchell, it was their asset price inflation that suckered them into thinking they where getting rich but in reality they are trading a short term return for the long haul return to a ruling class where most people will be serfs once again. The saddest thing about the present ideology, not many people pay attention to emergence, the metaphysical aspects of society. Like money being a metaphysical entity of obligation to how business cycles are created, i.e. Minsky's hypothesis. They see if from the individual, like you alluded to, where surely they will be the next millionaire eventually through a free lunch event. I will spare you the counter revolution theories I have to counter the attempts of the left to fight what is being suffered upon us but you know, I heard her say CIA...
The best 👍🏼👏. Be good to get into ecology, growth / degrowth, alt. to current capitalism.
Sheesh... that is what it is tho.... 01:03:38
1:07:00 The trickle down stuff has never existed as a theory outside of the imagination of keft-leaning people. It's a term coined by will Rogers in the '30s--this man is a steady streamnif Leftist mthtology, and MMT is all the drawbacks of fiat currency on steroids, and *especially* hurts the less well-off.
Proxy Party 247 is the real left
I was literally just thinking how much i missed the weeky episodes!
Thanks for the upload!
1:40
We tried with Occupy Wallstreet... but apparently, a bunch of African Americans came along and started pushing race politics over class politics.
Then BLM came several years later.
5:15 Nice editing!!!
11:45 hahahahhaha! Is this bloke from NZ or AUS?
15:40
It was oil manipulation even back then!? That is wild!
25:00
100% 😢 and the social democrats love putting immigrants on welfare just as much as the modern liberal establishment. (Good for recycling money)
29:50 he made economic history apparently... but we aren't allowed to talk about that as it undermines his devilishness 🤐
54:00 woah!!!! Sad stuff!
1:17:45 wait a second! My little brother goes to private school, and our contributions to it make the expense for each student LESS than public. (As those in public dont contribute as they believe the tax covers it all)
1:19:10 hey old man! I might be critical of Revisionist Zionism and some aspects of jewish identity as a group/mob. But stop pointing the finger like its some all powerful shadow monarch!
1:51:30
I agree! The dichotomy is meaninglessness now!
2:11:15 aw geez... so many of my fellow Australians are still sucked in by the scam 😂
'The personal is political' wasn't an errant idea but it did attract many vulgarisations. The sectarian and essentialist proselytising and inward turning of some feminist and leftist groups did show that the personal could be far from political enough at times. And, a Left incapable of developing a transformative political practice open to the masses is doomed.
Still, I disagree with many points made by Bill. A lot of communists I know had good middle class backgrounds and a good education to boot. Anti-war activism may have launched their leftist political experience but many middle class leftists developed a far broader socialist understanding than that. It wasn't all a Big Chill for middle class socialists just as it wasn't Permanent Revolution for working class socialists.
Furthermore, I do not accept the aphilosophical leaning of some of Bill's comments. Marx, it bears mentioning, sought to undertake an immanent critique of political economy (a critique of classical political economy, that is, a critique of the thoughts and ideas set out in written works, texts, of notable political economists that despite the critical intent remains grounded to a significant degree in the thoughts and ideas of political economy).
Now, while I wouldn't want to reduce the idea of a Marxist immanent critique to what Hans George Gadamer describes as philosophical hermeneutics the latter philosophical method is a generalisation (an over-generalisation in my view) of the philosophical method followed by Marx or other practitioners of immanent critique when they undertake studies into political economy or other theories/disciplines. Yes, sitting around talking about hermeneutics at a political economy conference is a poor use of time but leftists ought to be aware that critique isn't some simple minded exercise where you form an account based on true concepts that gets applied to the subject matter. At the outset of a critical study, there are no entirely satisfactory scientific concepts nor any empirically well defined subject matter that we can take as indisputable. There are just received wisdoms/articulations of experience that may be bourgeois, Marxist, utopian or whatever which we sometimes sense can't be quite right because the received wisdom fails to account for the many contradictions and anomalous outcomes thrown up by attempts to conduct ourselves in accordance with that received wisdom. Philosophical hermeneutics, to be fair, is about going through the necessary process of successive conceptual refinements and the overcoming of intellectual one-sidedness that takes our experience and the experience of others seriously. Class is a part of our lives and our world not a schema to explain everything without ever having waded into life and lived experience. The concept of class can never be a substitute for lived experience, it is meant to help make sense of it.
Treating the concepts of classical political economy in a positivistic fashion derails substantive Marxist critique. Likewise, talking in overly generalising ways, in the manner of philosophical hermeneutics about the always already received conceptual orders that shape our intellectual life/self-awareness doesn't exactly pile up insightful discoveries at out feet that open the way to a more fruitful practice. The Marxist critique of political economy does indeed disclose aspects of our class determined existence in the world while simultaneously papering over other aspects of our conduct, daily experiences and relationships with others that are at odds with our image of ourselves as being free of contradiction and in total control. Class is supposed to make sense of our existence and experience - think of E.P. Thompson rather than vulgar Marxism/economism - not eviscerate and substitute for it.
The substantive things that Bill says, though, hit the nail on the head.
The idea that there’s not a left anymore and the right has taken over is so detached from reality. It’s also anti-intellectual, anti-academic, extremely oversimplified, and again, detached from reality.
If you’re seriously seeking to be objective, bring up an Austrian economist from the Mises institute, like Thomas Di Lorenzo, Joseph T Salerno, or even an anti-neocon conservative like Paul Gottfried, who’s also a contributor at Mises institute.
What do you see as the left or the right?
I see the left as care and consideration of the planet etc and the right spending on war and oil, or an example I like to give, if 80% of the homeless spend fifty dollars a day on drugs that is 26 million a day being spent so somebody is getting paid and other people know about it.
Under the situation of never being closer to world war 3, drugs openly sold and taken on the streets, that the three letter agencies are behind and we use oil foreign people are being killed over, to go for a sunday drive and instead of change it looks like more of the same.
What examples do you know of that the right hasn't taken over?
Austrian economics summed up in a nutshell: Fiat currency bad, commodity money good. Talk about detached from reality. No thanks, I think they are ok.
Can you give an example of the left being in power or doing anything? My thoughts were the left were care for the planet, each other etc, the right is about war, business, oil and a lack of care for others.
There's never any reason to speak to anyone affiliated with von Mises. The Austrian school of economics produced naught of value.
It's such a shame this channel doesn't understand money before they speak to this man.
This is how we understand
@@DemystifySci_Podcast It's been in existence 54 years but I hear ya, we are products of our environment and I'm learning too, hopefully you can take a ground swell with you towards realisation that every single dollar is debt and why shouldn't we pay that debt to ourselves, towards sustainability instead of profit.
Well, where to start... nobody talks "class" anymore because people like prof Mitchell lost the plot and the debate a long time ago. "Democratic Socialism" is the soft-pedal way to push Marxism and ultimately, communism. So many things to say on this plodding discussion in critiques of capitalism... ultimately, Marxism relies on jealousy. Capitalism is based on freedom - Freedom wins all day long. The likes of Thomas Sowell and Milton Freidman run circles around the jealousy of the Marxists. Unparalleled prosperity abounds where freedom reigns.
Magic money tree economists are the ONLY economists who'll speak to you?
I don't think so. I think free-market advocates will also talk to you as well.
If we wanted "Free market" nonsense, we'd tune into the mainstream media.
@@nobodyspecial2053 You're in the wrong place. Go listen to the Daily Wire and the Weinstein brothers. Good goy.
If you want a free market, go live in the woods.
It doesn't work, for obvious reasons.
The free market deregulation agenda of the last 50 years is code for big business takeover and monopolization.
The idea that markets free from government regulation produce competition is completely bogus, it's the opposite.
@@nobodyspecial2053
- No mainstream media talks about free markets
- MMT isn't economics anyway.
@@mark4asp the Daily Wire and the Weinstein brothers certainly do. That should tell you all you need to know.
Disreguarding identity is disingenuous and typical of people who like to misapply thier rules. All use identity. Economy is a tool used to manage and control societal systems. You need a target to commodify. Your use of a census helps determine those targets as your family, your friends, co-workers, etc.. All these are identities. Identity is a tool that your system exploited for years in many spheres, but I don't expect purposefully deceptive people to face that reality. Identity is a social tool like economy is. I hope that I'm never recommended this joke channel again.
I hope I never have to read your comment again in this channel. what a waste of space.
@antonyjh1234 👍
@@Darker_Void_Scientist Please, looking at your other comments under community stick that thumb in your mouth and suck on whenever you feel like commenting anywhere else k, as you add nothing of value to move people forward to a better existence..
Your identity is a construction and does nothing to provide for people’s material needs.
The Greeks hid behind their identities while denying slaves a right to vote. The Tlingit hid behind their identities while denying chattel slaves the right to participate in the political economy.
China the same, Africa the same… gender the same.. the list goes on.
Socialism will ALWAYS fail. Long live freedom!
th-cam.com/video/6q0AzJIpJ2Q/w-d-xo.htmlsi=LdZ-kp5X3lStqv-6 This _Pressure _*_Drop_* [?]
89.8% of Americans aged 25 and older have a high school diploma or GED. For those aged 25-30, the number increases to 92.95%
In Finland where students are considered to receive a very high quality educational experience 93% of students (compared to 90% in Australia) graduate high school and 66% go on to higher education (52.6% in Australia).
With the educational strategy in Finland focusing on respecting teachers and equity over excellence as well as teaching students how to learn and giving them the time and space they need to master the subject matter good academic results do follow (even though that isn't the uppermost educational goal). The broader/more rounded educational goals just described are what seems to matter.
Australia has made a slight effort to follow Finand's lead. So far, nothing has come of it.
Note: There appears to be some hollowness in the Australian numbers. With year 7 to 12 retention rates hovering around 80%, 90% graduation has an uncertain meaning and hardly a good one.