The Death of Economics

This video by Christopher Barnatt discusses how the "green trade-off", the "consequence behind the price" and "challenges beyond economic solutions" may mean the end of economics as as primary decision making mechanism.

For more information, please visit ExplainingTheFuture.com

Category:

Education

Tags:

• Green
• Economics
• Future
• Studies
• Economy
• Ethics
• Fair
• Trade
• Pandemic
• Capitalism
• New
• Age

[austinjefferies]

artaficial intelliegance will soon take over the world, (robots) will soon replace the jobs of the humans and money will not circulate lie it needs too, creating some top ceos to win it all while the mean of are going to suffer, and thats where you get people without common sense cause they don't realize what their so called wonder machines are doing to the economy, thats why robots should only be used for recreational and cerimonial purposes im oly 14 years old and i realize this.

[ExplainingTheFuture]

@austinjefferies Indeed. Few people have begun to think about what will happen when large numbers of relatively cheap, smart humanoid robots start sharing the planet with us sometime next decade. Just as PCs went from zero to hundreds of millions of units shipped in a little over 10 years, so could shipments of humanoids robots could do the same thing from, say, 2020. And this may radically alter the economy . . .

[mrscot]

Macro-economic slavery: I can't say goodbye fast enough or loud enough. The technology and the will to do it is already here.

[ExplainingTheFuture]

@mrscot Indeed. But the economists don't want to let go. I was reading the Stern Review on climate change last week. This comprehensive document states that climate change is by far the greatest market failure to date. BUT THEN, rather than taking this as a sign that economic decision making does not work, it goes on to "explain" how economics can save us all! (Or not).

[Skyler827]

You said many things that are technically true, but you fail to define what you mean by "economics." It's true that people are sometimes choosing sustainability over affordability, but I wouldn't call that the death of economics: I would just call it a new economy.

[hayden50]

@pabloelpopstar you really don't know what pedantic means,idiot.

[brickclimber]

@austinjefferies i don't know, perhaps at first but i can still dream of a robotic utopia where robots do all the work mine all the ore and farm all the food.

its possible an economy may cease to exist, jobs will be a thing of the past and everything will be free. people will pursue more fulfilling things in the lives and arts and science will thrive.

[MartianManhunter187]

I really like these videos, but the presenter really cracks me up with his speech mannerism hahaha

[pabloelpopstar]

i like skeletons presenting important matters.

[srgwarcock]

@hayden50 unfortunatly they dont euthanize jerks either.....

[hayden50]

@alexandersydney no, they'll euthanize ignorant people.lets start with you..