I'm a CPA grandfather homeschooling my middle school granddaughter. Thank you for taking a complex topic and helping me put it in language a 6th grader can understand. Please expand your library to include other world history topics.
Karl Marx once wrote: "Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole"
1. Satisfaction of people’s needs and wants in the most efficient way can be with economics 2. Wants could be used to make existential decisions, but some of them should be cut off 3. Resources are the best to improve economy 4. Scarcity is the best tool for quality improvement 5. Expertise in economy is the most valuable in a global scale
Marx mentioned depreciation 35 times in Das Kapital. He wrote about the depreciation of Machinery, Money and Morality. He did not distinguish between Capital Goods and Consumer Goods. Of course before 1884 consumers did not buy automobiles and air conditioners and televisions. But today our brilliant economists do not talk about the depreciation of durable consumer goods or planned obsolescence. The term e-waste did not exist when I went to college for Electrical Engineering. Economists hardly mention the Net Domestic Product equation. These nitwits subtract the depreciation of durable capital goods like industrial robots and 18-wheel trucks but ignore air conditioners and washing machines. We have been running the planet on defective algebra since WWII. The concept of GNP/GDP was developed shortly before the war. The Great Acceleration that followed the war caused GDP to skyrocket but the consumer depreciation due to all of the junk manufactured has never been subtracted. So we have global warming and a wrecked planet. Marx is just a bit obsolete.
When you pay 70k for school and a youtube video teaches you better than your teachers💀💀
For real
No cap
Bro I pay more than 1 lakh for school 😅😅😅😅
Good example
Ikr fr
First 10 seconds of video explained I'm poor
Agreed
Fr
💀
Same
😅😂
I'm a CPA grandfather homeschooling my middle school granddaughter. Thank you for taking a complex topic and helping me put it in language a 6th grader can understand. Please expand your library to include other world history topics.
Great video. Simplicity at it's finest.
Thank you, Doug!
Karl Marx once wrote:
"Accumulation of wealth at one pole is at the same time accumulation of misery, agony of toil, slavery, ignorance, brutality, mental degradation, at the opposite pole"
Karl Marx is directly responsible for Hitler and Stalin, among others. Maybe not the best example to use
1. Satisfaction of people’s needs and wants in the most efficient way can be with economics
2. Wants could be used to make existential decisions, but some of them should be cut off
3. Resources are the best to improve economy
4. Scarcity is the best tool for quality improvement
5. Expertise in economy is the most valuable in a global scale
Thank you so much for this wonderful explanation.....♥️
Great video!! Teaching basic economics to my first grader and this is perfect!! ( Also the video is captivating for my 3 year old too haha)
Great videos for homeschooling. Keep them coming thank you
LOVE IT but where is your mouth?
Who did make me watch this
bro anyone else here watching cus their mom TOLD them to???💀💀💀😔😔😔🫣🫣🫣🤓🤓🤓🤫🤫
fr
People are saying that they are teaching their middle graders this and me getting this video to see in class 3
Thank you!! i am homeschooled in 8th civics and this helped me understand economics!!
I’m so glad the video was helpful to you! 😀
Thank you I got 100% in my exam🎉 because of you videos
Congratulations!! That's an incredible accomplishment!
In the age of inflation, high gas prices & supply chain disruption I sure hope people are paying attention!
as a bald person i can confirm this is true
fr
Marx mentioned depreciation 35 times in Das Kapital. He wrote about the depreciation of Machinery, Money and Morality. He did not distinguish between Capital Goods and Consumer Goods. Of course before 1884 consumers did not buy automobiles and air conditioners and televisions. But today our brilliant economists do not talk about the depreciation of durable consumer goods or planned obsolescence. The term e-waste did not exist when I went to college for Electrical Engineering.
Economists hardly mention the Net Domestic Product equation. These nitwits subtract the depreciation of durable capital goods like industrial robots and 18-wheel trucks but ignore air conditioners and washing machines.
We have been running the planet on defective algebra since WWII. The concept of GNP/GDP was developed shortly before the war. The Great Acceleration that followed the war caused GDP to skyrocket but the consumer depreciation due to all of the junk manufactured has never been subtracted. So we have global warming and a wrecked planet. Marx is just a bit obsolete.
Interesting
Interesting and very useful video. Thanks
Very beautifully explained !!!❤
Lylye rath was right when he said he doesn't believe in economics.
Am only watching this cus i need to study for my social studies exam 😂
Fr same
Mam please aur video economics ke
Simplified everything for me. Thank you.
Taylor Edward Garcia Joseph Miller Linda
Hall Ronald Harris Sarah Martinez George
Who can explain further?
Who can explain further?
Perfect explanation
Jackson David Miller Betty Lopez Joseph
Suii
One child policy
Great insights, always fascinating to explore other's thoughts! You inspired me to begin educating people on TH-cam, Thank you!
i did not enjoy this
vid
Darrin Trail
So hard
This comment box is filled with gen alphas right??😂
Economic video
Simple comment
@@Srindal4657Simple reply
@@SeanKwame-u7n indeed
Very Helpful Video!! Thanks!
Kohlay pitho 😂
THIS I SO OHIO FANOM TAX SKIBIDI TOILET GIGACHAD OHIO KAI CENAT
American, American, American.
😊😊explanation is very Nice
😂😂😂😢😅🤣🤣🤣
Very informative
Thank you 🙏🙏🙏
😁💯
Well explained ty
had to watch this in school
Thanks
thanks so much
good
this video is not sigma
😂
My dad isn’t sigma bc he made me watch this
😅
You are also not sigma
@@sananaeem7089 ain’t nobody like u be quiet
Thank you for your awesome video. My 7th graders - 3rd period class think it's so sigma.
# best teacher amazing vid
This is so skibidi sigmaaa. THe person who created this is a gigachad and im gunna phanom tax them of their chanel. FAnOM TaXx
Want is actually a desire to have something but you dont necessarily need it but great video
Did she say i have unlimited omount of money???
Boring
Boooringg
Then don’t watch
Boring vid ngl 😢
Then don’t watch
@@CHEESE4eva teacher told to do it
lol..
@@f1ssure833
@Randomvideosimake420