Ha-Joon Chang - on Trickle Down Economics
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Uploaded by RenegadeEconomist on Aug 26, 2011
Is "Trickle-Down" prosperity the greatest lie ever told?
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Top Comments
All Comments (21)
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@Gonzokid2 Yeah, Fox news is a bit retarded, I guess. Besides, what else would you expect from them, right.
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@toseeornot2see YES THEY ARE. AND FOX NEWS WILL CALL THEM OUT AS BLOODY COMMUNISTS...
Sad but true :-(
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23 things they dont tell you about capitalism READ IT!!!!!!
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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.
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some great inforamtion here thanks
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some great inforamtion here thanks
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love the video man
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some really good stuff here
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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!
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If we do not rediscover Henry George rather soon... well, it is as you say.
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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
janosabel 6 months ago 14
@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.
Rattapax 6 months ago 5