Ha-Joon Chang - on Trickle Down Economics

[slightsociopath]

23 things they dont tell you about capitalism READ IT!!!!!!

[toseeornot2see]

Great vid, but it is interesting to see how the title if "Renegade economists".

I guess these days, anyone who points towards facts is considered a renegade.

[Gonzokid2]

@toseeornot2see YES THEY ARE. AND FOX NEWS WILL CALL THEM OUT AS BLOODY COMMUNISTS...

Sad but true :-(

[toseeornot2see]

@Gonzokid2 Yeah, Fox news is a bit retarded, I guess. Besides, what else would you expect from them, right.

[sprattysy]

some great inforamtion here thanks

[xtremetom180]

some great inforamtion here thanks

[MrJonkelp]

love the video man

[SuperDogbrown]

some really good stuff here

[WalangDiyos]

Why is china using down trickle down if it doesn't work? Just wondering.

Under communism where the means of production was owned by the govt everybody was poor and millions starved only govt officials were rich.

Now China is a fascist dictatorship, as the means of production are not all state owned. The poorest of the poor in the cities are now better off while an extreme few are wealthy quicker then any time in the history of man kind.

China is the extreme example of trickle down!

[janosabel]

I hope carcabe is brushing up on her/his knowledge of political economy and its sanitized neo-classical version.

Yes, the "Trickle-Down" theory of prosperity *is* one of the greatest lies ever told by economists to justify the indecent gap between the poorest majority and the richest minority.

"The reason for studying economics is... to learn how to avoid being deceived by economists." Joan Robinson, economist

[soulwam]

The concept, of, Trickle Down Criminality is worthy of exploration.

[silvermaniamania1]

@MrLukasart historically there were many benevolent economic policies. and there were many GOOD statesman throughout history.

your view of economics overemphasize dark side of man. but equially there are good side of man. if your view is correct, world should have ended many many years ago....

[carcabe]

Life is not a trickle down proposition. You have to take responsibility for your own life and your own future. Waiting for the government to send money down your way is a slow death. It stunts and suffocates real life. We are all responsible for out own happiness. The problem with the world is that people have become way too dependent on other people to trickle down life on them

Be independent. Be alive. Don't expect others to provide for you. There is no hope and no life in dependency.

[mailbox0009]

@carcabe yes but it seems you assume that those who have 'made it' are self made... I'm talking about the less than 1% who control money creation and hold vast tracts of productive land - that few are only in their beneficial position because they enforce structures that ensure the subjugation and poverty of billions of others.

Your suggestion that people stand on their own feet is naive at least - wake up and see what is forcing people to stay on their knees

[Rattapax]

@carcabe Obviously, people are responsible for their fates, but you don't understand that a "winner and loser" economy eventually makes everybody losers. The guy who wrote the book on supply-side economics said that redistribution of wealth via the individual tax code is necessary for stability. What republicans always ignore is the Demand or Consumer end of the economic spectrum; i.e., the consumer class needs more wealth to create demand, which is really the god of job creation.

[gwynedd1]

@Rattapax

Slavery is well known to gravitate to its own subsistence. The 1% will have their 99% of the wealth, but in a dark age of ignorance. They will suffer what discoveries that never will be could have prevented.

[Rattapax]

@gwynedd1 I actually had that thought today. Historically and still today, whatever the top can get the top will take: child labor, prison labor, "unemployment" labor (see Georgia). The Protestant Ethic--make money for the sake of making money--needs to die somehow. And the illusion of individuality is keeping people down. When people realize that to be in society is to be an interdependent member of a larger network, they will realize that the rich have greater responsibilities.

[gwynedd1]

@Rattapax

If we do not rediscover Henry George rather soon... well, it is as you say.

[silvermaniamania1]

@carcabe tell that to people who are dying due to starvation. take what responsibilbity???

[NearAbbeyRoad]

@carcabe

That is great in theory. We live in complex communities. Sometime other people have a great negative impact on our lives and we can;t do anything about it.