Economic Schools of Thought: Crash Course Economics #14

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1. 1945-1980 the UK used Keynesian economics, Clement Attlee started it conservative and Labour PMs continued it because it wasn't broken, it still wasn't broken and Thatcher changed it and every one since has followed it, now workers have no wealth or control or even a voice, homelessness is up to 185 thousand and the super rich keep getting tax breaks.
2. Anyone tried to be a patron? i couldn't find them on the website. i would really like to do my bit
3. Lost credibility when they said Cuba was moving towards capitalism
4. I love the intelligent way CrashCourse use the colors in images, specially faces, and the white background, so we can visualize it after the image is gone... Nice use of images...
5. Austrian school of economics advocated that free markets are self correcting if they are set FREE from the point of view of competition they never said the government should deregulate everything and just not intervene at all.... maybe they argued that government should just check that the market is free and there is ample of competition within it, and every thing will be pareto efficient in the long run
6. A great video that teaches you absolutely nothing. So what if now your 340,000 viewers can recite the different schools of economics if they don't know anything about them? Next time try to educate, not click bait.
   
   Keynesians were not only proved wrong in the 70s, they were once again proved wrong after 2008, when the Obama administration spent a ton of money to "boost the economy" only to slow down the recovery and give us the worst growth rate since perhaps the founding and the biggest national debt since... ever. Thanks Obama.
   
   Chicago School economist Thomas Sowell predicted the 2008 crash, which was, no surprise, caused by government intervention in the housing market, by forcing sub prime lending through HUD. This started happening during the Clinton administration. Look it up.
7. If anybody whats to learn about economics watch the videos of MILTON FRIEDMAN ON YOUTUBE. And the interviews of Thomas Sowell they are really great as well. A single class with Friedman is better than this entire course of economics here.
8. This series is trash. All leftist trash. He actually said: "Social Darwinism is wrong" are u crazy? Evolution is a cornerstone of all science, you are anti science and nothing that comes from your mouth has any intellectual value.
9. Marxism was never implemented
10. You don't even mention Institutional and Post-Keynesian Economics.
11. Austrian scholarship!
12. Awful video.
    None of the countries mentioned in the video are communism today, and the supposedly socialist countries mentioned before are social democracies instead, which don't advocate for state owned industry like the video said.
13. "Socialism has never existed. It did not exist in the old U.S.S.R., and it does not exist in China. Socialism will be a society in which the things we need to live, work and control our own lives—the industries, services and natural resources—are collectively owned by all the people, and in which the democratic organization of the people within the industries and services is the government. Socialism means that government of the people, for the people and by the people will become a reality for the first time."
14. Honestly, if people are so anti-socialist and against government intervention, then they better be up in tears about how the tax payers bailed out wall street. We helped their greedy asses get back up and go back to exploiting the hardworking middle class, and now they're back to doing exactly what they were up to before the financial crisis but at a more "careful" pace. Just look at WellsFargo.
15. Lol whoever made the Mark Cuban comment is a SAVAGE!!!!!
16. What are your thoughts of Central banks and the EU?
17. Okay, you're giving the other theories an overview, but why not go into the theories more...?
18. Good to see my fellow Austrians representing here, WE ARE RIGHT BY THE WAY!
19. A big fault by Marx was that he did not see the invention of software. In his times you needed Capital to found a company. Facebook needed a few $100 bucks and a computer.....
    
    But I wonder why all the Republicans nowadays are so anti free market? They all of a sudden want a bail out, because they could not compete in a free market. China is better in producing coal and stuff and when you are a coal miner you lost. Thank the republicans who always prayed how this is the best system.
20. North Korea is capitalism only in name. It is a military dictatorship.