“Basic economics shows us that China is having wars with 19 countries at the same time! Look at this completely unrelated line that’s only valid under ceteris paribus that I extrapolated to a geopolitical scale! I’m so smart!” /s
Whenever I see someone using “basic economics” to debunk Marxism, I get an image of some fifth-grader using “basic arithmetic” to try and understand Einstein
After Marx, mainstream economists are just like a doctors that would learn the medicine for 5 years then say “nope” and go back to leeches, mercury potions, marinated snakes, and putting children in the stove for 2 hail maries.
This. And also that economics in us educational institutions is just propaganda. I don’t think it’s stupid. I think it’s malicious. It’s meant to convince people that the third world and other poor people are poor out of some natural law, not predation by imperialists and institutions like the IMF.
To summarize: Capitalists corporations like Exxon and Raytheon get free lunches all the time. Milton Friedman can eat my ass.
It’s a social (“soft”) science, as in you don’t plug stuff into equations and formulas and get exact predictable answers. It’s not fake, but the whole “this line says it so it must be true” narrative is pure BS and literally no one, not even liberals, that genuinely study economics think like that.
This metaphor is particularly poignant given that only like 13% of American adults ever learn calculus and the high school graduation rate is 85% somehow
Poorly educated poor people is the point unfortunately. Neoliberals have forgotten every lesson ever learned by their predecessors in a mad dash for endless short term growth. An economic system that literally cannot plan farther than three months ahead is not compatible with nation building. The western system is an ouroboros.
the channel name doesn’t surprise me
“Basic economics shows us that China is having wars with 19 countries at the same time! Look at this completely unrelated line that’s only valid under ceteris paribus that I extrapolated to a geopolitical scale! I’m so smart!” /s
Whenever I see someone using “basic economics” to debunk Marxism, I get an image of some fifth-grader using “basic arithmetic” to try and understand Einstein
Economics is fake. It’s not a real science. Source: I majored in economics at a decent uni. And this YouTube type economics is definitely shit.
After Marx, mainstream economists are just like a doctors that would learn the medicine for 5 years then say “nope” and go back to leeches, mercury potions, marinated snakes, and putting children in the stove for 2 hail maries.
This. And also that economics in us educational institutions is just propaganda. I don’t think it’s stupid. I think it’s malicious. It’s meant to convince people that the third world and other poor people are poor out of some natural law, not predation by imperialists and institutions like the IMF.
To summarize: Capitalists corporations like Exxon and Raytheon get free lunches all the time. Milton Friedman can eat my ass.
It’s a social (“soft”) science, as in you don’t plug stuff into equations and formulas and get exact predictable answers. It’s not fake, but the whole “this line says it so it must be true” narrative is pure BS and literally no one, not even liberals, that genuinely study economics think like that.
This metaphor is particularly poignant given that only like 13% of American adults ever learn calculus and the high school graduation rate is 85% somehow
“We’re the number one country (in high school drop-out rates)”
Just…how?!
Poorly educated poor people is the point unfortunately. Neoliberals have forgotten every lesson ever learned by their predecessors in a mad dash for endless short term growth. An economic system that literally cannot plan farther than three months ahead is not compatible with nation building. The western system is an ouroboros.
I once read an incredibly damning account of the American education system but I can’t find it anymore or remember the title of it
“Einstein was wrong because only numbers exist in math” /s