The Devastating Consequences of Mixing Economics & Politics

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Опубликовано:

7 дек 2023

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Комментарии : 346

@EconomicsExplained 5 месяцев назад

Check out our new channel www.youtube.com/@context.matters and watch the first three episodes: (1) Why the USA Couldn't Invade North Korea: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-SyQTLoJeg7.html (2) How to Become the Dictator of the USA: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-yuwsJRnRwOc.html (3) China's Secret Masterplan for Taiwan's Invasion: ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-ACPnlB4sP5g.html

@lawyermahaprasad 5 месяцев назад

Channel looks interesting . Looking for a volunteer producer . Let me know.

@tazaonthego 5 месяцев назад

I hope this analysis is not biased toward Western perspectives and instead reflects a more factual and impartial examination of political matters, not like promoting a pro-democracy view.

@ArawnOfAnnwn 5 месяцев назад

@@lawyermahaprasad What're you going to even do as a producer?

@buggaoff8160 5 месяцев назад

Did you start that new channel to purge non TDS sufferers from your channel because the amazing lack of nuance isnt what I expected from you

@cameronbridges6365 5 месяцев назад

0:55 Freedom? My god Sometimes the presenter of this channel makes me angry. He is Australian and I assume a Sydney person. Freedom in OZ? are you kidding? You are free to do what the government tells you for their profit. My god right now NSW is so controlling they can not get Urban Planners, Architects or Draftspeople to want to do the job. It's that controlled. Get a degree in Architecture and then come back to me about freedom.

@daffyduck780 5 месяцев назад

When have politics and economics ever not been mixed?

@ArawnOfAnnwn 5 месяцев назад

The whole point of the Technocracy Movement of the early 20th century was to try to separate the two.

@Jay_Johnson 5 месяцев назад

@@ArawnOfAnnwnEE describes economics as how to assign limited resources to unlimited wants. That is a political question

@3266711732665514 5 месяцев назад

Economy does not depend on politics. but politics depend on Economics, there is no way a parasite will exist without anything to live off.

@corys7604 5 месяцев назад

Because this video is about academia and politics, not economics and politics

@schadowizationproductions6205 5 месяцев назад

@@3266711732665514 This might sound strange to you but economics is politics. We would not have reached today's mode of production if states did not develop to supporting new economic ways.

@PEANUTGALLERY81 5 месяцев назад

Wow, congratulations on the new channel. While I personally don’t think RU-vid lacks political commentators and geopolitical analysts, I’m genuinely excited about the team you’ve put together for it. Hopefully they continue to provide analysis that stays clear of personal biases, as hard as that can be…

@dodgechance4564 5 месяцев назад

Unfortunately, they don't seem to have been able to. I question how much EE is actually involved over there.

@thebobo1229 5 месяцев назад

Going by the little politics that already IS in some EE videos, I don't think it's going to work out.

@Homer-OJ-Simpson 5 месяцев назад

@PeanutG, while there are many geopolitical channels, few are about economics and geopolitics. But I’m just about to watch the new context matters videos and I hope it’s not purely geopolitics. I hope it is indeed a mix of economics and politics

@davidblair9877 5 месяцев назад

Difficult to do in an era where “neutral” and “unbiased” are thought to be the same.

@PEANUTGALLERY81 5 месяцев назад

⁠@@davidblair9877that’s a good point. And honestly, it may really be impossible given that both economics and politics are basically social sciences affecting the same group of people

@chickfila7nugget 5 месяцев назад

I appreciate your effort into making an another channel about geopolitics The fact that politics affects everything in life, including economics, should not be ignored

@MikeisRelic 5 месяцев назад

The way people worship capitalism these days we may as well bring religion into the talks too.

@Jacovo 5 месяцев назад

I mean, it’s not like economics is a science. It’s at best, part of the social studies/humanities. That will never be completely “neutral.”

@hunterfabio 5 месяцев назад

@@MikeisRelic You might be mistaking capitalism and consumism

@shrin210 5 месяцев назад

@@MikeisRelic Religion and Capitalism both are politics. Whoever blindly believes both of these are dumb.

@LoveOfLam 5 месяцев назад

TRUMP 2024

@eric.byrdeart 5 месяцев назад

Your channel is about economics. You explain economics. The economics has been explained

@jasonballsack4826 5 месяцев назад

Nice!!!! Not only addressing the criticisms of eco by fleshing theory out with socio-political reasoning but supplying us with new content. Im keen to learn more!

@anuragchakraborty8766 5 месяцев назад

Economy and global geopolitics are intricately linked. You cannot separate one from the other.

@justinr9753 5 месяцев назад

Agree, I watch Maverick of Wallstreet RU-vid Sunday videos every Monday just for the geopolitics aspect, that's my news for the week

@williamehrhardt918 5 месяцев назад

This was my first reaction when I read the title, and was handled by the very first line.

@willjapheth23789 5 месяцев назад

I think he means more of a pragmatic vs idealistic thinking. Not that there are zero political implications in economic policy.

@JacobNeff-oq5km 5 месяцев назад

Sure you can, by keeping all of the social and natural sciences upstream of politics. They ought to define the scope of options available to politics, with anything which falls outside being dismissed out of hand for the nonsense it is.

@JohnMickus 5 месяцев назад

Probably my new favorite YT channel. Thx for the modern knowledge and thanks for everything!

@ChadZLumenarcus 5 месяцев назад

This is a great video covering these topics that handle arguments between data vs ideology. 👏👏👏

@davidml1023 5 месяцев назад

I graduated with a BS PolySci degree focusing on IR. Ive watched EE for years. Love it. I cant wait to see the new series. Congrats.

@tautvydassunelaitis8148 5 месяцев назад

The opposite could be true too - imagine a place governed strictly by economic rational, where people are ranked only as valuable producers and useless to society dependents (the old, disabled etc)

@jaystrickland4151 5 месяцев назад

We the bourgeois call that heaven.

@neeneko 5 месяцев назад

there really isn't an independent 'economic rational'. Economics can model ways to get what you want, but politics frames objectives. It is kinda like talking about 'logic' or 'rational'... both are neutral tools that can not be used to come to any conclusions without setting arbitrary predicates and objectives.

@ArawnOfAnnwn 5 месяцев назад

@@jaystrickland4151 No it wouldn't be heaven. The rich elderly would be subject to the same ruthless rationale as the rest of the populace, and family inheritances would likely be seen as an extreme waste and misallocation of resources. Likely a good chunk of the luxury market would also be seen as wasteful.

@daffyduck780 5 месяцев назад

That's the world in which you organ harvest granny.

@EuropeanQoheleth 5 месяцев назад

Simply looking at the short term savings that would bring and ignoring the long term costs and enormous resistance it would face isn't rational.

@War4Skills 5 месяцев назад

Like how can economics and politics not be mixed with each other?...

@AmirSatt 5 месяцев назад

utilitarianism moment

@neeneko 5 месяцев назад

Many people see their politics as the 'default', and thus when they see economics that align with and support their politics, they perceive it as 'just economics', with everyone else mixing in politics for non-economic reasons. So yeah.. they are not even really the same layer of the onion. economics is a tool of politics and politics is an implementation of economics.

@universalMommy 5 месяцев назад

America was a master of not mixing each other, well sadly that's changed

@Dimi.g0v 5 месяцев назад

@@universalMommyWhen exactly was America a master of not mixing politics and economics? Like specifically.

@spookylilghost 5 месяцев назад

whatever u do don't google 'political economy' O_O

@AdamGoodson 5 месяцев назад

Excited for this! Hope that you do updates to old videos as stories develop more so into the future.

@AntonioFriasDance 5 месяцев назад

I am a small business owner, and I took microeconomics in college. It would be amazing if you made or could point us to a channel that talked about microeconomics. Like game theory, supply and demand, and monopolies!

@ninjadude1494 5 месяцев назад

I would look up Jacob Clifford AC/DC economics if you want informative videos on the micro topics

@samsonyator2021 5 месяцев назад

When you realize that not every question can be answered by yes or no but sometimes by the context then that is wisdom

@dlesify 4 месяца назад

Please keep up your great work. Educating our society in economics without political spin is essential for our democracy. Thank you

@alehaim 5 месяцев назад

Loving that Economics Explained is teaming up with the legendary Michael Hiliard

@xandrewvondiue522 5 месяцев назад

I never thought that an entire video could be devoted to the promotion of another channel, yet still look as academic as all the other well-made videos of this channel

@tanukibrahma 4 месяца назад

So glad to have you as a dependable resource.

@yaafl817 5 месяцев назад

I love this so much, thank you, truly, for all this valuable knowledge

@YouTube_is_trash_365 5 месяцев назад

I like this plan! I look forward to watching the videos on the new channel

@jaydee6268 5 месяцев назад

Thanks for the contents and wishing you all the best with the new channel.

@lqlaliut897 5 месяцев назад

Finally, money and politics its going to be great to watch how trainwrecks are made.

@Mythhammer 5 месяцев назад

Government is inherently a train wreak looking for a place and time to happen.

@MichaelLTXEllis 5 месяцев назад

Super cool! I've really enjoyed this channel, so looking forward to the politics side!

@humanperson8418 5 месяцев назад

Love it. Keep up the good work 👍

@darthrainbows 5 месяцев назад

I wrote my senior thesis on this topic, focusing on how politicians turn to (often discredited) economic theories that have a confirmation bias alignment with the electorate. I used trickle-down economics (Reaganomics) as my case study. It demonstrably doesn't work, but it confirms the biases of conservative voters (taxes are evil; everyone 100% earns every single dollar of their income, and not a single dollar more or less than that; exploitation isn't possible; and neither are unjustifiably large salaries), so even 40-odd years on, it's still being advocated for.

@beyonslaay 5 месяцев назад

I'm so excited for this new channel ✨

@caballeinsan1535 5 месяцев назад

Bravo for acknowledging you needed to make another channel because of the politic aspects that have been omitted. 👍🏻

@rando521 5 месяцев назад

i will make sure to watch those videos when i get time, already have a list of how history works.

@gaelminville 5 месяцев назад

THIS IS AWSOME! THANKS

@jamieferguson935 5 месяцев назад

Looking at the GDP graph at the start and I wonder how much of that increase is just from price increases from inflation rather than any actual productivity increases.

@sethroberts3634 4 месяца назад

Didnt even watch a context matters video yet and i already subscirbed, thats how much i trust you bro

@jarnMod 5 месяцев назад

Very self aware and reasonable. See you in both channels

@andreasreich3933 5 месяцев назад

I personally preferred the mix of Economics and Politics since it explains stuff way better!

@hitraffic 5 месяцев назад

Excited to see what y’all create!

@alexwirtz9780 5 месяцев назад

Can't wait to check out the new channel!

@schadowizationproductions6205 5 месяцев назад

Economy is not only linked with politics. It is by itself inherently political. What is understood as the quality of life for example or GDP or growth as indicators of positive development are deeply ideological.

@bevanml 5 месяцев назад

I keep getting the feeling when I read into what experts say or produce, is that in reality nobody knows anything and we're all just winging it. Public policy is essentially one big game of chess, only the chess board is way bigger, and there are more pieces to move around.

@scottsandmeyer 3 месяца назад

Can't wait to dig in on the new channel. Already subscribed! Love your approach to this content.

@kwamechristianesq.4558 5 месяцев назад

Good to have people we trust providing context. Well done, team. 🏆

@rando521 5 месяцев назад

i would love for you to add bits like watch video x from context matters when there is a political tone to something similar to how you do with history.

@TheSilver2001 5 месяцев назад

I'm excited because I like your point of view and presentation manner, better than VisualPolitik and different than most

@Lubossxd 5 месяцев назад

these topics are complex indeed... the reality is often completely different than presented by mainstream or theories

@franciscobelisarioroel6523 5 месяцев назад

amazing guys big fan... count with a new follower in context matters.. (Y)

@chowderman8888 5 месяцев назад

Oh cool ! This is an actually good reason for a second channel

@mattkins99 5 месяцев назад

Just watched all three videos on the new channel and… I’m hopeful they’ll get better? I like EE as it feels honest. Here’s how economic theory explains what happened/is happening. I don’t know how you can do the same with a channel dedicated to the politics of situations, but that’s what you seem to be trying to sell here… and that wasn’t what I got. To be clear, I agree with the videos for the most part so it’s not like I’m saying I don’t like it because I lean differently on the political spectrum. I just finished each video feeling like I’d watched a fear mongering video that RU-vid is full of and I typically try to avoid and I was expecting something to step outside the politics and try to explain the politics in a detached way. Still love EE.

@RayTheMickey 5 месяцев назад

You are being very brave. see a lot of very passionate comments in your future...

@heldercaze6333 5 месяцев назад

Congratulations, you're really brave. Not more, not less.

@Chad-qw8ok 5 месяцев назад

Brilliant 👏

@Financial_Revolution 5 месяцев назад

2:05 Now we are talking, thumbs up

@danicrissss 5 месяцев назад

Came here expecting a political + economical analysis of the situation, found a pure military one

@aaronbrown6890 5 месяцев назад

Excellent!

@stevovondivo2326 5 месяцев назад

Please do a video on lithium and the geopolitics of the industry with Argentina's recent referendum announcement (will it lead to sanctions?) - the Chilean Lithium Triangle - concurrent import duties against China and the EU's green targets.... *Something doesn't add up* 😂

@Snoop_Dugg 5 месяцев назад

Would you consider trying a collab video with Lei from Lei's real talk. She's also an economist and tries to analyse and translate what is going on in China based on the financial statements.

@shilohbuckle3134 5 месяцев назад

Super hyped for this!

@demon2441 5 месяцев назад

Good luck. Politics and especially geopolitics can be sticky business at the best of times.

@Uty-yo9np 5 месяцев назад

Say no more, subscribed with bell icon duly checked.

@homelesseconomist 4 месяца назад

There is no such thing as economics separate from politics. Its why the study of political economy is more accurate to real life than economics

@sturmherooflance 5 месяцев назад

Looking forward to it

@Slurp_Slurp 5 месяцев назад

Love the channel, your videos are consistently engaging and factual while being an entertaining video to watch during eating times. Why did you start the "Context Matters" channel? At a first glance, It seems to tread on the toes of other channels that cover geopolitics, like RealLifeLore, Wendover, CaspianReport, etc. What do you offer that's different?

@dodgechance4564 5 месяцев назад

I thought this. Went over and watched it and it didn't really seem to offer anything to differentiate it from a myriad of other channels and news sources. If anything, I found the videos on there to be slightly subpar.

@DouglasJWalker 5 месяцев назад

I wish you would do a review on South Africa and also explain how the banks played with our currency.

@thedamnedatheist 5 месяцев назад

Would like a deep dive into MMT, which is as much political as economic.

@CaedenV 5 месяцев назад

Please tell me this new channel will have a tag line "Nobody can tell the future, least of all political analysts"

@TifaTakeuchi 5 месяцев назад

I have to admit, I seen the Context Matters videos in my Subscriptions inbox and wondered where the flippity-doo-dah they came from, coz I don't remember subscribing!

@JLchevz 5 месяцев назад

Once again you have my attention.

@Subhamjaisworld 4 месяца назад

This video talks about the relationship between economics and politics, and how important it is to understand both to make sense of the world around us. The speaker, who runs the channel Economics Explained, is launching a new channel called Context Matters that will focus on geopolitics. The video argues that economics and politics are inextricably linked. Bad economic policies can lead to political instability, and political instability can make it difficult to implement good economic policies. For example, the video mentions that the Russian invasion of Ukraine was a bad economic decision driven by political motivations. The video also points out that the United States has been able to maintain economic stability because of its robust democracy. However, the speaker warns that the US is not immune to the challenges that many other countries are facing, and that it is important to understand the factors that have contributed to its success in order to avoid making mistakes in the future. One of the things that the new Context Matters channel will do is provide insights into geopolitical rivalries. The video mentions North Korea as an example of a country that has been a thorn in the side of the global economy for many years. The speaker says that the new channel will explain why North Korea has been able to avoid being dealt with by the much more significant powers in the region. Overall, the video is a call for people to pay more attention to both economics and politics. By understanding how these two forces interact, we can better understand the world around us and make better decisions about the future. Here are some specific points from the video that I found interesting: * The video makes the case that economic theories should be developed without political bias. This is important because biased theories can lead to bad economic policies. * The video points out that the United States has many economic advantages, but that these advantages are not guaranteed to last forever. The US needs to continue to make wise decisions in order to maintain its economic stability. * The video highlights the importance of understanding geopolitical rivalries. These rivalries can have a significant impact on the global economy. I hope this summary is helpful!

@Mel08996 5 месяцев назад

Can you please do a video on the Economic decisions driven by strong political ideology of the current Indian government?

@ArawnOfAnnwn 5 месяцев назад

The whole point of the Technocracy Movement of the early 20th century was to try to separate economics and politics. Sadly it failed.

@LoBelly 5 месяцев назад

What have the Romans ever done for us!? Congratulations on the new channel and your ongoing success (even if you cant by the Rolex you want ;) )

@chrispaparcuri5039 5 месяцев назад

Speaking of politics and economics, can you do a video about Milton Friedman? And/or Thomas Sowell's basic economics?

@phoenix5054 5 месяцев назад

No, please. Having a single channel is simplicity at its finest. I think the people who cares about economics are the same as those who do with politics. Talk politics all you want in this channel. We’ll watch.

@jaffarbh 5 месяцев назад

There is a lot to learn from watching "Yes Minister" too.

@adrianteri 5 месяцев назад

Lol why did the Classicals term the field as a Political Economy? @EconomicsExplained did your Econ class have a course on history of economic thought? For people in the opposite side - Finance ... Did you have a course in history of money?

@TheRogueRockhound 5 месяцев назад

I'll check it oot

@DannyBoy443 5 месяцев назад

I'm always happy for something new from a channel (and people, in general lol) who know what they're doing or trying to. But I don't like anything political so, I'll just wait and see.

@THETRIVIALTHINGS 5 месяцев назад

Good. Subbed.

@RangerRyke 5 месяцев назад

Awesome

@1raysteez 5 месяцев назад

Itd be more accurate to say economics is inherently political. Literally always have been. the same economic theories we use are created from specific political backgrounds that prioritize certain factors over others.

@unholyrevenger72 5 месяцев назад

The US has succumb to authoritarian rule. The oligarchy just made it seem like we had a choice. And the economic model can only be followed by a few countries on earth because of the US's geography, natural resources. And the model is dependent on being the global economic number one.

@richdobbs6595 5 месяцев назад

Yeah, I know. Zoning regulations are a dystopian nightmare. At least, that craziness a federal level has almost no impact on the day-in-day-out lives of Americans.

@Financial_Revolution 5 месяцев назад

1:41 thats true, best economic policy is no economic policy

@kaminarinoyouni2311 5 месяцев назад

The framing of the universal basic income and that it would be worse if they believe in it portion rather than don't seems to belie your point about being objective

@mrreziik 5 месяцев назад

Yes

@brittislove 5 месяцев назад

subscribing!

@aaronslater470 5 месяцев назад

A major factor for why the States is so successful is our logistical system, protected by robust property laws. You are garunteed to have your products delivered with minimal risk

@don.sumedh7086 5 месяцев назад

politics & economics are always affected by each other, but they shouldn't indulge too much with each other.

@Muninnnr 5 месяцев назад

Anyone who claims that economics is not inherently political is either naive or lying.

@edwardgrigoryan3982 5 месяцев назад

Surprised you didn't explicitly mention that you're working with the folks at The Red Line. I started listening to them earlier this year and it is top notch. I'm excited for this collaboration!

@konstantingeorgiev7668 5 месяцев назад

You are slightly infringing upon Perun's turf here. I would love to see a collab between you two.

@alandinsmore1186 5 месяцев назад

How is the wealth of a country connected with the honesty of its citizens?

@dehb1ue 5 месяцев назад

Is an officially unique economy a thing that could exist? What’s the body that grants “official” status?

@oisinmcgranaghan2367 5 месяцев назад

the reason experts can get more money for their knowledge in America is because their economy treats the most basic things, like basic healthcare (that are readily available to most devoloped economies' citizens as standard) as if they are luxury goods

@armorbearer9702 5 месяцев назад

(2:01) I am a little surprised. Whatever happened to peer review?

@DustedVeins 5 месяцев назад

@5:21 "The preferences of the average American appear to have only a miniscule, near-zero, statistically non-significant impact upon public policy.” I get it though, it's fun to pretend.

@Korloko 5 месяцев назад

Did anyone else remember him starting a computer science channel? Can’t tell if that was real or not.

@reuben8140 5 месяцев назад

4:02 So exclusively neoliberals? Hmm. I’ll trust your judgement, but I do worry how the more contentious social policies will be framed, both left and right.