The economists have been doing the math WRONG for decades.
All machines wear out including those bought by consumers. What happened to the depreciation of all of the cars since the Moon landing. 40 years of BAD ALGEBRA.
If accounting had been mandatory for all high school kids since 1960 the what would be the economic state now? Nobody knows. We created CHAOS by building it on IGNORANCE.
MORONS that want power want other people IGNORANT!
It's interesting how they've turned it upside down. The free market protagonists are aware of chaotic nature of market and it is exactly why they oppose the central government planing, because it's impossible to predict what actions by government produce which outcomes, which can best be seen in communistic regimes. This is exactly why we should have the free market system, because it's not possible to predict which resource will have which value at future time, the market is the best judge.
more interesting is how you are indoctrinated by neo-liberalism. in pure free market economy there is no need for any form of state (no police, no army, no government). fact that central planned economy failed does NOT imply that free market will succeed. imho: every single state is different and has to find its own golden-mean between central and free.
... but for now, economy --in best case-- is nothing else but pseudo-science.
I'm not indoctrinated, I look at the facts, centrally governed economies vs economies with less government, North vs South Korea, China vs Hong Kong, USA vs SSSR etc. The result is crystal clear, the more government intervention, the poorer the results.
As for army and police I disagree.
Economics is pseudo science? Why don't you burn your savings? Is trying to predict the result of that pseudo science?
@enedene1 North Korea, China and USSR are not only centrally planned economies but authoritarian as well. Take a look at Scandinavian - they are pretty close to communistic ideals. A part of the problem is to properly balance between free market and government intervention. But the real key to success is to shape human mentality.
There are plenty of examples where free market does fail, so saying it is our only salvation is kind of naive (esp. in the light of the last crisis).
It seems that you have no idea about communistic economic model, otherwise you wouldn't say something ridiculous as: "Take a look at Scandinavian - they are pretty close to communistic ideals". I suggest you look at the index of economic freedoms for a more sober view compare index of economic freedom vs GDP.
What you're talking about are state social benefits, not freedom of market.
You say there are many examples of where free market fails, could you give me one example?
1) none of its theory (or at least I do not know any) fulfils criterion of falsifiability (in Popper's sense); 2) there are no reliable laws of economy;
3) nothing can be proved (there are completely opposite schools within economy);
4) tries to predict human behaviour (very often on a mass scale) without answering the question, what human being really is.
5) neoclassical economy is nothing else but an ideology.
In your view any study of a complex system has no scientific value. Which science and all it's products satisfy all of your 5 conditions? Just don't tell physics before you read all 5 points.
@enedene1 unfortunately all hard sciences do satisfy those criteria.
communistic economic model (that one which was implemented) has nothing to do with communistic ideals (all people are equal). take a look at GINI index and maybe at Elinor Ostrom's work.
examples of failures of fm: health care; public order; national defence; addictive substances; making law and regulations; monopolies; public transportation.
fm is beneficial but under scrutinized control and with proper attitude individuals.
Simply, no one knows. WE DO NOT KNOW! :D
darkspace08 2 weeks ago
@darkspace08 I agree with you, thanks for your comments! :)
17secret 2 weeks ago
@17secret you r welcome at any time! :D
darkspace08 2 weeks ago
Maybe the reason for the kollaps of the world financial systems is that they where testing out the chaos theory, lol.
ThermalHD 4 months ago
This is BS!
The economists have been doing the math WRONG for decades.
All machines wear out including those bought by consumers. What happened to the depreciation of all of the cars since the Moon landing. 40 years of BAD ALGEBRA.
If accounting had been mandatory for all high school kids since 1960 the what would be the economic state now? Nobody knows. We created CHAOS by building it on IGNORANCE.
MORONS that want power want other people IGNORANT!
psikeyhackr 9 months ago
anyone knows where can i find the soundtrack of this documentary?
raulct00 11 months ago 2
It's interesting how they've turned it upside down. The free market protagonists are aware of chaotic nature of market and it is exactly why they oppose the central government planing, because it's impossible to predict what actions by government produce which outcomes, which can best be seen in communistic regimes. This is exactly why we should have the free market system, because it's not possible to predict which resource will have which value at future time, the market is the best judge.
enedene1 1 year ago
@enedene1
more interesting is how you are indoctrinated by neo-liberalism. in pure free market economy there is no need for any form of state (no police, no army, no government). fact that central planned economy failed does NOT imply that free market will succeed. imho: every single state is different and has to find its own golden-mean between central and free.
... but for now, economy --in best case-- is nothing else but pseudo-science.
zdeklinowany 11 months ago
@zdeklinowany
I'm not indoctrinated, I look at the facts, centrally governed economies vs economies with less government, North vs South Korea, China vs Hong Kong, USA vs SSSR etc. The result is crystal clear, the more government intervention, the poorer the results.
As for army and police I disagree.
Economics is pseudo science? Why don't you burn your savings? Is trying to predict the result of that pseudo science?
enedene1 11 months ago
@enedene1 North Korea, China and USSR are not only centrally planned economies but authoritarian as well. Take a look at Scandinavian - they are pretty close to communistic ideals. A part of the problem is to properly balance between free market and government intervention. But the real key to success is to shape human mentality.
There are plenty of examples where free market does fail, so saying it is our only salvation is kind of naive (esp. in the light of the last crisis).
zdeklinowany 11 months ago
@zdeklinowany
It seems that you have no idea about communistic economic model, otherwise you wouldn't say something ridiculous as: "Take a look at Scandinavian - they are pretty close to communistic ideals". I suggest you look at the index of economic freedoms for a more sober view compare index of economic freedom vs GDP.
What you're talking about are state social benefits, not freedom of market.
You say there are many examples of where free market fails, could you give me one example?
enedene1 11 months ago
@enedene1 Economy is pseudo-science, because:
1) none of its theory (or at least I do not know any) fulfils criterion of falsifiability (in Popper's sense); 2) there are no reliable laws of economy;
3) nothing can be proved (there are completely opposite schools within economy);
4) tries to predict human behaviour (very often on a mass scale) without answering the question, what human being really is.
5) neoclassical economy is nothing else but an ideology.
zdeklinowany 11 months ago
@zdeklinowany
In your view any study of a complex system has no scientific value. Which science and all it's products satisfy all of your 5 conditions? Just don't tell physics before you read all 5 points.
enedene1 11 months ago
@enedene1 unfortunately all hard sciences do satisfy those criteria.
communistic economic model (that one which was implemented) has nothing to do with communistic ideals (all people are equal). take a look at GINI index and maybe at Elinor Ostrom's work.
examples of failures of fm: health care; public order; national defence; addictive substances; making law and regulations; monopolies; public transportation.
fm is beneficial but under scrutinized control and with proper attitude individuals.
zdeklinowany 11 months ago
@zdeklinowany
Neuroscience, biology...., even physics (I'd say physics in general, but QCD will do) doesn't satisfy all your 5 conditions.
The main problem with communistic model terrifying efficiency and cost of production.
You're examples are nonsense, unfortunately youtube comments section are not designed for discussions so I'll stop here.
I can just recommend to you Basic Economics 2ed from Thomas Sowell, you've learned socialist slogans well, not take a look how it actually looks like.
enedene1 11 months ago
"Exponential growth is a linear thing."
Huh?
Exponential is exponential, and linear is linear.
Kurtlane 1 year ago
@Kurtlane He means with linear that there is no tipping point and that it is perfectly predictable.
putte954 1 year ago
@Kurtlane
The physicist was trying to say that the linear change of variable produces exponential growth, in that respect "Exponential growth is linear thing":
dx/dt=c*x
so the rate of change is linear, solving that equation gives:
x=exp(c*t)
enedene1 1 year ago
@enedene1
x=exp(c*t) is only a special case for x(0) = 1. In general the solution is x = x=exp(c*t) * d (where d represents the initial state)
zdeklinowany 11 months ago
@zdeklinowany
You are correct, however my intention was just to explain where does the exponential dependence come from not the rigor solution.
enedene1 11 months ago
Brilliantly presented, wonderful music…thought provoking!
WorldCollections 1 year ago