This Is Neoliberalism ▶︎ Hayek and the Mont Pelerin Society I: 1918 - 1939 (Part 3) 

@L. M yes, I think my American friends mignt get lost sometimes.

You can not reforme capitalism.Austria have produced "great" man who have destroyed human life Bawerk, Mises,Hayek,Hitler .

@L. M Under the gear icon you will find playback speed settings. Goes from .25X to 2X. Pick your speed.

Good shit! Binged the 3parts, and will just have to binge backwards through your older vids until pt. 4 is finished

we have built a prison of our own design. how many of Hayeks ideas are in effect in America and Britain?

Thanks, you seem to have quite a following yourself.

recover from what? you country is shithole, you can't fall lower. This could be some changes to better...

@@antonkokic Ask yourself why that country is a 'shithole'. Was there some outside influence?

Let’s hope not, for the sake of the people of Brasil and the World

Wow omg I have never been to brazil. But I saw city of god etc. i was learning about this they put lulu in jail. I can't believe it, i thought it was such a free relaxed place, for them to vote for this kind of guy is strange but im stereotyping

Watch The Grayzone Project for real news.

Corporate policy powers are increasing with Trump administration,he's a representative for the ogliarchs and sows chaos to keep the masses divided.The media has become a tool of ogliarchs deception.

so... the computer you're typing this message on, the internet, the food you eat, the car you drive as well is brought to you by corporate and economic powers, all non-governmental. It's really a tragedy that such awful inventions we're dumped on you. Such a tragedy. I'll pray for your community

@@swampyankee1615 I have never been dependent on the government for anything.Infrastructure for roads to travel to work, public education,forms of socialism integrated with democracy, capitalism.

@@andymonk9505 corporate powers were unleashed with a vengeance under bill clinton. every year it gets worse. you wanna curtail it, the smoot hawley new deal did it. free trade, deregulation, privatization, low taxes on the wealthy, these are polices peddled by charlatans, its the reason why we have the world we live in today. hayek was a charlatan.

@@allgoo1990 United states of America 1791- Present. Yet, the Reagan years ushered in the most economic growth ever seen which continued until late the 90's. Britian 1980-1990 under Thatcher

Vasilis Makaronis I guess the standard has been set pretty low

@Vasilis Makaronis in which particular areas is the narrator oversimplifying? From where I sit the series covers all the major points/problems/symptoms and schools of economic thought

It would be cool to have this subtitled at least in English. A lot of people around the world have a hard time understanding spoken English but can follow along very well with subtitles.

I couldn't agree more Guto. I read your other comment about your home country of Brazil, my love and prayers go out to you and your countrymen. Stay safe and keep fighting the good fight!

+Guto Cardoso Eu Estou muito, mas muito feliz de ver outros brasileiros já aqui. Sou patreon deste canal e estaria disposto a financiar a dublagem dos vídeos. Não sei como poderíamos nos falar....

Thanks for the kind words.

Do you understand or have sympathy for those who voted for Trump, though? I see those people as misunderstanding the economoc minutae they are mired in but easily able to point to the social instability caused by the policies. The same people who tout free trade above all else also blame the immigrants pouring in that were traded for. Free trade includes the movement of people and the disjointment of families. Mass immigration is obviously not the cause of societal ills but it is a symptom and Trump voters are decrying it. My hunch is that they are dissatisfied with far more than the easy scapegoat but have trouble parsing exactly what it is, which this video series helps with.

@@phattybacon931 I have sympathy for every honest but struggling working person even when I am convinced they have taken a wrong turn in thinking and action. I do not let those deviations deter me from working for what I think is right and more effective. Sometimes that makes me a minority opinion. I ask that people listen and I hope I can listen to them too. It is a kind of respect for humanity. But I am pretty convinced after a lifetime of struggle and work that I know where I am going and I know that I am not about hurting, but helping always. When I must make choices I do it but try not to harm it the process. I seek consensus when possible but also I have a determined vision of what I have decided is the correct, most helpful path. Sometimes people agree and sometimes they do not. I still keep on keeping on because I know no other way to be and still like myself. Sometimes I can be biting if I run into people I think are malicious. I try not to be that way always. Does this answer your question?

It deleted your reply for me but I can still read it in my inbox, weird. Yes that answers my question and begs another: are you a Christian or believe in God? That kind of dedication to conviction and sympathy for those easily propped up as your enemy seems like a strength beyond "politically well-read". The way that I am parsing good from bad right now is to think about what is a threat to a family unit, I'm not sure if you do the same but its helpful in solidifying my principles and preventing scapegoating. Also, any thoughts on debt (usury)? Realizing our entire economy is based upon this principle that was chastised in the past is troubling to me.

@@phattybacon931 What does religion have to do with my dedication to social justice? I do what I do because I am part of the huge part of our nation that has been I'll served by the wealthy and powerful that own everything and directly or indirectly run everything for their own purposes. My morals are born out of knowing so many bright and beautiful people who have never been given any kind of a chance to shine. People who from the circumstance of their birth, throughout their education, into their various work experiences and into their waning old age, never have been encouraged, or listened to. I know so many amazing but very ordinary people who have never had any idea that had been listened to. When they get into a group that listens they are dumbfounded! Cannot believe they have important ideas. And they bloom. They grow. They become giants. Our society worships wealth, fame and skulduggery in so many ways. When honest working people realize the power they have and the truth of their own ideas, a real miracle happens. Religion is not what drives me, though it is important to many others, and I respect that. Human kindness, honesty, hope and desire to better my own life along with millions like me, that's what motivates me. I am a simple person. I have no special education beyond what I can find in a library or in a publication. I read everything I can find and I read fast. I have not a single college credit. My jobs have been clerical ones, Ill payed, unrecognized and mostly routine and boring. My apartments are modest, my clothes often second hand, my background is solidly working class. Nothing distinguishes me except for a firm dedication to the better future of people like me and people in even worse situations than I am. I fight because that is all I can do. Because the next step for me is to live on the street because my rent, in an 'affordable" apartment is still too expensive for my social security and a $165/month pension. I may soon be forced to give up the internet to stay in my apartment for another year. That is why I post so much now. my voice may well be extinguished by poverty. Of course I fight for the unheard, unfortunate millions. i am one.

@@helengarrett6378 Dear Helen, your voice is so beautifully clear and needs to be heard! If you are indeed in danger of losing your internet connection, please write to me. leahsong22@gmail.com. I am a woman of your same age, intent on learning and responding to the truths of what is unfolding in our time. I would love to help keep your voice active on the internet.

I love the Orwell quotation.

I agree, but don't debase yourself, you have grown far beyond simple, but instead quite introspective and armoured against the mentalities that pervade our broken society Stay strong, so that others may be strong with you

@@Dong_Harvey Well I'm actually autistic but psychologist have never been able to put me in a box such as Aspergers for instance. I've had IQ scores ranging from 119 to 147 (I was obsessed with those for awhile a long time ago) and I've always scored average on capacity tests except on my analytical capability. There I've always scored between 90 and 99%. I've gone through horrible depressions in my life and psychologists have never been able to help me. I'm kind of a strange cat to them 😋 Eventually I got myself out of my depressions. But it's still an ongoing process. I also have several health problems and at age 19 I was just placed on disability welfare. Because nobody knew what to do with me. I guess I was lucky because in some other countries I would've been dead already. When I say I'm a simple man it's because I've learned to humble myself and try not to listen to my ego. I'm actually quite complicated from society's perspective. At least in the small town where I live. I have no friends here and I'm always online. But that's enough of that... No need to tell my entire life story 😂 just explaing I definitely have a lot of self confidence while also being aware of my 'shortcomings'. I'm highly critical of myself. But in a constructive way.

@@m4nl875 yea big muff if I were you I'd avoid talking about how you scored on tests and look for purpose, meaning, and responsibility in your life, and oh, don't resent society at large.

@@SpenserRoger Well you're not me. But thanks for your two cents.

The Democratic party in the US is not "left" in an international perspective. All of your ruling politicians are to the right.

Good videos btw, part 2 was the best IMO. Part 3 felt it was a bit too personal politic'y during the first half. But still good.

I've announced the date on my Community Tab.

@@BarakalypseNow thanks

It's hard to say since the scope of the series is evolving over time. I do have a finite number planned but it's likely to change. Needless to say it will take a long time to do it all. I will need all the support I can get to speed up the process!

I've found all of the music in this series on RU-vid's copyright-free library.

@@BarakalypseNow Ah okay, thanks for letting me know. Will check it out there.

History has already established for all of us that Marxism, is a really really really bad idea. Let’s not go down that path again.

It's just wild that we can see full-on militias being blatantly emboldened by trump and have whole swaths of society not recognize that for what it is.

If Capitalism kept doing like Embedded liberalism, emerging Marx criticism would unlikely to occur

@@vajliakduke6231 If people are comfortable enough, they're unlikely to want to risk making things worse in an attempt to make them better, certainly. However, market socialism is a fairly natural progression from embedded liberalism anyway, and the critique of capitalism would remain valid; revolution just wouldn't be the preferred method if capitalism could progress to something generally good for everyone through incremental reforms.

Yeah that seemed to me like a really dumb thing to say and a fundamental misunderstanding of socialism and communism. Fucking duh there's no such thing as price, we're trying to get rid of money alltogether, you dope. He's literally criticizing socialism for not adhering to capitalism principles. Like sjeesh.

@@AliceDiableaux You shouldn't conflate my description of Mises' writing with my own position on the matter.

"And also don't have to for all capital goods, because non-consumer goods like said locamotive still don't need to be sold. They can simply be shipped to where they need to be, from a goverment assembly plant to a goverment rail station, with no transactional inefficiencies." no, a locomotive or a train has to be built. How are you going to build locomotives under socialism? What resources should be used? What production processes should be used? Without prices for the factors of production, you don't know what's the best way to build that locomotive. Even if you know present and future demand (or the necessity of the trains), and know best where to alocate locomotives, you still face with the economic calculation problem. Since you don't know the best cost-saving and economizing processes, then you might end up wasting resources that could be alocated in better ways. And this problem does not only apply to locomotives, but also to the production of all goods in the economy, consumer or not. Without prices, you don't know what to produce, in what quantity, with what resources, with what production process and where to alocate them.

Thanks for your comment.

I haven't forgotten Marx. One of the things I hope to accomplish with the series is demonstrating that you don't even necessarily have to invoke Marx or socialist ideas in general to make a detailed case against neoliberalism. It is dangerous and incoherent enough to be proven unsustainable and unjustifiable even compared with other forms of capitalism.

Thank you for responding. First off I would like to apologize for my knee - jerk action to the video, after I thought about it a bit I was wrong to jump on that one point, over all it was an excellent video and I learned much from it..Hope you intend to continue with them! People need to hear this.. Thank you again for your thoughtful response.