Myths of Neoliberalism
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In this talk at Imperial College London, Economics Professor Robin Hahnel explains the origins of the financial crisis of 2007, and exposes the popular myths behind the free-market and laissez-faire capitalism. The talk is based on a new version of his book: The ABCs of Political Economy - a modern approach A lively introduction to modern political economy, providing the essential tools needed to understand economic issues today. This revised and expanded edition covers the origins of the financial crisis, the ensuing recession, and why governments have failed to improve matters for the majority of their citizens. "Lucidly written, comprehensive in coverage" - Noam Chomsky Order online from Pluto Press: http://www.plutobooks.com/display.asp?K=9780745334974&st1=hahnel&sf1=kword%5Findex%2Cpublisher&sort=sort%5Fpluto&m=1&dc=3 This event was hosted by Participatory Economics UK: http://www.participatoryeconomics.org.uk Facebook: https://www.facebook.com/Parecon For an alternative economic system, find out more: http://www.participatoryeconomics.info
Comments
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Not too tedious and very informative. Thank you.
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"Neoliberalism," unlike the term "Neoconservative" is meant to blur proper distinctions rather than make them. The intention is always to obscure. E.g. The Austrian economists where one of only 2 schools of thought (post-Keynesian and really only Steve Keene from that school was the other) to warn about and predict the financial crisis before it happened. The purpose of the use of the term "neoliberal" is to lump THEM in with the people that CAUSED the crisis. I'd love to see a debate between you and Bob Murphy or Tom Woods.
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In Social democratic capitalism progress was too slow, in comparison to what prophet? Unbelievable what bs people pitch nowdays.
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Neoliberalism is a new form of rape and pillage . THE END
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The problem is: we don't KNOW the social cost of a new technology until we have to pay for it. So how can we price it in advance?
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"Let's forget about the Rockefellers [i.e., the uber rich] for a moment" is the most important statement he makes in the first part of this presentation. The people who own the world are not going to give it up willingly, so I can't wait to find out what else he says.
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everything he said was obvious to me by the time i graduated high school. i couldnt have explained it using the language of a college economics professor, but the core ideas are pretty obvious to anyone with a pragmatic view of the world.
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Funny, this is basically socialism but says he isn't advocating socialism
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I'd like to know how this ties in with the fact that housing prices blew up duringn this time.
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Nice views man on all your videos man, glad your awesome equality-progressive ideas are catching on & totally aren't a huge joke. I cannot wait to live in the future & go into the trans-friendly bathrooms while I vote for companies to do things that I barely understand on my iPhone12. Diversity is strength & totally not a crutch at all for getting things done (like going to the moon or inventing things). Someone who has a different skin color other than white means their vote should totally mean more too.
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