What is Neoloiberalism? Washington wants to impose neoliberalism on the world

Eng Lam Yeo Mon, Sep 16, 2024 at 9:31 AM To: Eng Lam Yeo What is neoliberalism? How the 'Washington consensus' was imposed on the world Geopolitical Economy Report 316K subscribers <__slot-el> <__slot-el> Subscribed 6.1K Share Download 100,416 views Jul 5, 2023 Neoliberalism is often misunderstood, but it is very important to understand this ideology that has dominated global economics and politics for decades. Ben Norton discusses the history of the neoliberal "Washington consensus", and how it was imposed on the world. How China became the world's industrial superpower - and why the US is desperate to stop it: • How China became the world's industri... || Geopolitical Economy Report || Please consider supporting us at https://GeopoliticalEconomy.com/Support Patreon: / geopoliticaleconomy Podcast: / geopoliticaleconomy Newsletter: https://GeopoliticalEconomy.Substack.com Chapters View all Introduction 0:00 Rise of Capitalism 0:18 The Great Depression 5:08 Margaret Thatcher 10:51 Classical Liberalism 12:25 Bretton Woods 15:35 Washington Consensus 17:37 Single Exchange Rate 19:58 Transcript Follow along using the transcript. Show transcript Geopolitical Economy Report 316K subscribers Videos About Patreon Twitter Canal en español Show less 720 Comments Sort by Eng Lam Yeo Add a comment... @riojoe5156 1 year ago Ben, I am glad there are people like you to set the record straight. 102 Reply @iart2838 1 year ago Absolutely high quality content, much appreciated 52 Reply @teardrop720 1 year ago This was brilliant, Ben. You should publish this in a journal. Well written and conveyed in a smart, precise, and convincing manner. 60 Reply @julietteleak5315 1 year ago Ben is good. Learn much from him. He explains well. 58 Reply @justice.freedom.mankind 1 year ago Another outstanding analysis, as always! Thank you very much Ben for your accurate and precise journalist work: it is very important, now, more than ever! 84 Reply @TORO.008 4 months ago Perfectly explained. The tragedy of neoliberalism and interventionism. 24 Reply @M.M.Alam.Liberty 1 year ago Ben Norton is brave and brilliant journalist . He stay on TRUTH and expose hypocrites 28 Reply 1 reply @NicolasOrtega-vl4he 1 year ago We need more americans watching programs like this one. NOT THE USUAL TV NEWS. Thank you Ben 321 Reply 6 replies @Faye_Liu 1 year ago Ben, I learn so much from you. Also, you understand China better than most Chinese. I greatly appreciate your time and effort! 104 Reply 1 reply @pauljohn-paul4767 1 year ago We desperately need a change. We desperately want a change. ️ 27 Reply @selahahmedibnmalachi8164 2 months ago The result of neo-colonialism is that foreign capital is used for the exploitation rather than for the development of the less developed parts of the world. Investment under neo-colonialism increases rather than decreases the gap between the rich and the poor countries of the world. The struggle against neo-colonialism is not aimed at excluding the capital of the developed world from operating in less developed countries. It is aimed at preventing the financial power of the developed countries being used in such a way as to impoverish the less developed Show less 22 Reply @alanbarbier3521 1 year ago Great Ben, thanks for bringing that clip of Jake Sullivan's speech to our attention. He must have choked on every word. We got them on the run now. Now is the time to redouble our efforts and give them no chance to catch their breath. 31 Reply @lortega70 1 year ago Thank you very much, Ben Norton, this is a really complete and excellent work about neoliberalism. Thank you for pointing at the fact that Chile was the world laboratory for neoliberalism. I’m Chilean, born in 1970. Mi country is still trying to recover from the horrible imperialist abuse imposed to Chile and the region by neoliberalism and transnational corporations power over local democracy. 48 Reply 1 reply @ricelaker 1 year ago Ben, you are a great teacher. You explain things clearly and concisely. 18 Reply @kathryn1402 1 year ago Great content. Tqvm Ben Norton for producing another educating historical piece that the world needs to be educated to make pragmatic decisions that can affect humanity. 28 Reply @miophx8283 1 year ago It would be great if Ben's channel had a few million subscribers. It would be a compliment to our society. 11 Reply @darkspel 1 year ago That speech by little Sullivan is quite astonishing. It's a low key revolution in US official discourse 24 Reply 1 reply @emmanuelgargar1924 1 year ago More power Ben and many thanks ! 10 Reply @northstar1060 1 year ago (edited) neoliberalism is the fancy safe word for fascism.................you see you cant have anyone calling the USA a fascist state because fascism is something that happens over there not here 271 Reply 18 replies @NIO4LIFE 1 year ago Ben I'm glad your channel focus on the economy side of geopolitics I'm getting sick of other channels reporting of the Ukraine war 14 Reply @mentoring42 1 year ago Thank you, Ben. 12 Reply @andydidyouhear 1 year ago Great report, very well searched and documented. 8 Reply @samiapassos9659 1 month ago As a Brazilian, I completely endorse all you said along the entirety of your explanation. 2 Reply @avishekmitra2801 1 year ago What an informative video... 20 Reply @farahcole 1 month ago I learned all that at college and forgot all about it. This tutorial was very useful in remembering why we continue being in such mess. 5 Reply @SM-df9hm 1 year ago (edited) Thank you. At times it felt intense, but informative never the less. In a nutshell, abusive political arrangements or plans often end up going hand in hand neoliberalism, libertarianism, neocolonialism, etc. If US really wishes to compete with China in a meaningful way it has to bring back real jobs by infrastructure and industries and pay the workers better wages internally and stop sabotaging other countries under the guise of democracy and freedom but unfortunately bad habits are hard to drop. Read more 86 Reply 6 replies @ahmedshahab4105 1 year ago Thank you Ben I love your video essay style long form videos. Very well thought out and well put together. Thank you. 17 Reply @deborahkrol6152 1 year ago Wow, so much info here. Worth a 2nd and maybe a 3rd listen to grasp it all. Thanks, great job! 9 Reply @pisablavatsky-cb3dd 1 year ago Excellent video. Thank you 9 Reply @dylanemeraldgrey 1 year ago Good job. Useful primer on the subject. 8 Reply @michaelscott1060 1 year ago Great work Ben, thank you. 6 Reply @winstonwirht2512 1 year ago Dear Ben... a very clear and excellent explanation of neo-liberalism. Many thanks for that and keep up the good work. 7 Reply @tommyburton9986 1 year ago Well done Ben 11 Reply @michstockholm1164 1 year ago Thank you. G/E is becoming my favorite university. 5 Reply @IaN09876 1 year ago Always this podcast is very informative and eye opening. 5 Reply @danielvera7390 1 year ago Great analysis after great analysis... Thnx Ben! 5 Reply @louiszubieta2073 1 year ago I don't get tired of writing,great work,thank you Ben 4 Reply @majdakisel2261 1 year ago Very educational, thank you very much. I lived in Yugoslavia and that kind of information were not available. Your explanation about economy decades ago till now is very useful for me. 9 Reply @onr9362 5 months ago Brilliant explanation.Thank you. 3 Reply @bruceclark4754 1 year ago Very enlightening. Great stuff as usual from Ben. 6 Reply @nickl1177 1 year ago Thanks for an excellent analysis 7 Reply @Faye_Liu 1 year ago To me as a Chinese, I see the West's ultra-liberal political ideology and economic policy as a form of irresponsibility and selfishness. But it is consistent with the US/West zero sum mentality, my gain is your loss, very different from China's ''win-win'' way of thinking where all parties benefit. 84 Reply 12 replies @northstar1060 1 year ago (edited) thatcher was an influential know nothing............reagan was right there with her 24 Reply 1 reply @TakeTheRedPill_Now 1 year ago Superb macroeconomics crash course without the usual fluff. Wish I could subscribe a couple million viewers to this channel. Thanks for your efforts, sir. 8 Reply @SH-jg5zq 1 year ago Thanks! 10 Reply @evagasson564 1 year ago I learn from this young man a lot. Thank you Ben 7 Reply @AndreasSvenska 8 months ago This is very timely for me. At 84 years, I have lived through a lot of this, and have been studying Neoliberalism for the past year. This guy is spot on. I lived in London from late 1979 to the end of 1986, and saw Maggie close up. I didn’t have a political framework to view her, and was slightly seduced by her ideas. The damage that she and Reagan caused was not evident to me until GWB. Then my eyes opened . 13 Reply 2 replies @spiritofgoldfish 1 year ago You would think that most income comes from getting paid for doing something productive. Think again. “It is suggested that the tipping point for being a rentier economy is when 40 per cent of income comes from rent. Even if just interest and dividends are counted as rent, the USA is already at that point.” Standing, Guy. The Corruption of Capitalism (p. 114). 2016 Show less 9 Reply @paulocembranelli5514 1 year ago Congrats Ben, for one the best speeches so far this year, delivered with elegance and eloquence... 1 Reply @nurainiarsad7395 1 year ago i just learned in a course at work on electricity supply chains that chile was among the first to liberalise the power supply industry in the 80s. and i thought that was odd, given that socialist governments tend to prefer state control over it as electricity is seen as ‘infrastructure’ rather than a “commodity”, hence the value is in making it available to spur industry and commerce, not as an industry in itself. but yeah i forgot chile got CIA’s just before the 80s. liberalising power supply was supposed to lower bills for consumers due to competition, but today with global supply volatility, all the countries with liberalised power supply are the ones with the greatest energy inflation and the countries who still have government controlled vertically integrated power supply are able to attenuate the volatility much better - because there aren’t several power chain stages all trying to maximise profit by arbitraging the volatility. Show less 8 Reply @glynnismacpherson504 1 year ago Thankyou Ben 5 Reply @mariekuijkenhistoricallyaw2598 1 year ago This was truly enlightening, I have been able to understand the big picture now. Probably I will listen a second time. Ben is doing these videos extremely well, he has a great talent to explain, to connect dots, to convey a big overview. Exceptional. 4 Reply @truthsower4560 1 year ago Thanks Ben for defining the meaning of “Neoliberalism” to us! I have always been confused by that term since to me “Liberalism” should mean something having to do with the Democrats, but when people used that term to describe the Republicans I was very confused! For a while I thought it was simply a biased commentator’s attempt to attribute all of the wrongs that have been done by the Republicans to the Democrats by attributing all of the Republicans’ past harsh policies to Liberals! — Meaning the Democrats in today’s term! Show less 68 Reply 8 replies @marcosvidela3191 1 year ago Ben, amazing work that you do, great video, so enriching, I watched it non-stop, thank you so much 5 Reply @nickprobst6841 1 year ago Great summary. 7 Reply @chrisdaniels6523 1 year ago Only in the USA do people think liberals are leftists... 13 Reply 2 replies @carmenonea3800 1 year ago Brilliant expose! Neoliberalism, an umbrella terminology/movement which cocooned fascism into bridging from WW2 to the WW3 remake attempt 10 Reply @russellkeates962 1 year ago BRILLIANT, THANK-YOU FROM 🇬🇧 4 Reply @AshleyMcIntosh-zz7kr 1 year ago Good one Ben.Thatcher the milk snatcher.when i was at primary school every child got a half pint of milk( in those days in a glass bottle with an inch of cream at the top)5 days a week from the state until thatcher came into power and stopped it. 19 Reply 2 replies @ebindanjan 1 year ago The neoliberal policy of 'free market' globalization was launched more than 40 years ago. Yes, it was considered by the US and its imperialist partners as the surefire way to solve the problem of stagflation. How? By pressing down wages, cutting back on social spending, liberalizing trade and investments, and doing away with regulations. 5 Reply @juanboscoa 1 year ago Great video. Thanks! 4 Reply @preemptivekicks1355 1 year ago Like i said last video, your content keeps getting better. 7 Reply 1 reply @Oumar-ux2vm 1 year ago Thanks for the history lesson 5 Reply @collybeans586 1 year ago Top notch. Very impressive Ben! Thank you for this. 5 Reply @Brinjal-yu1vi 1 month ago Great Journalist and Truth Teller.Salute. Reply @mackone8035 1 year ago Here's some trivia for ya ... When Margaret Thatcher died in 2013 the 75 year old song "Ding-Dong! The Witch Is Dead" shot to #2 on the UK Singles Charts. That's how beloved and popular a leader Thatcher was. Read more 34 Reply 4 replies @ebindanjan 1 year ago Excellent presentation. I just want to point out that in political economy Classical liberalism argues that labor is the creator of new material values in the means of production. Neoliberalism assumed that the monopoly bourgeoisie is the creator of wealth, provider of jobs and a surefire solution to stagnation. 5 Reply @justingoretoy1628 1 year ago The time has come for me to finally financially support Ben Norton. He just keeps surrounding himself with smart people, and his chops as well as intelligibleness just keep expanding as a result. Max Blumenthal? Aaron Maté? And now even legendary, brutal hardhitters like Michael Hudson? 15 Reply 1 reply @jeffery-r1l 1 month ago very informative by Ben N. 1 Reply @bertanelson8062 1 year ago Well done, thank you. Imagine if economists could see that China's Poverty Alleviation Program actually caused the internal market economy to grow & increased GDP dramatically! That it is beneficial economically & politically to spend the time (10+ years) & money (billions), human resources (1 million workers assigned to the task) to lift people out of poverty! Not with "hand-outs" but with targeted programs for local enterprise, job creation, improved infrastructure, etc. All those "useless eaters" become a major engine for continued economic stability! What a paradigm shift! Show less 8 Reply @baraji4653 1 month ago Thank you for uploading. 1 Reply @DS-tz4lk 1 year ago (edited) Excellent disquisition. The way you explained it all is excellent and greatly appreciated. When you look at the chronology roughly, it seems that Maggie milk snatcher Thatcher and Ronnie Reagan colluded to ramp up neoliberalism (a.k.a. racist organized crime impunity racketeering, fascist rentier hegemony) right about Angola, and the battle of Cuito Carnivale, and when they saw the writing on the wall in the fall of apartheid South Africa on the horizon. They had already seen Rhodesia fall and they freaked out and now we are in this ramped up on steroids worldwide organized crime impunity racketeering fascist rentier hegemony (neoliberalism). Show less 11 Reply @tumblebugspace 1 year ago Thanks, Ben! 4 Reply @gabrieltreewolf4618 1 year ago Thank you Ben. A giant download!! 2 Reply @Josue-di4id 1 month ago Very good information Any economic policy with zero state intervention, becomes a plutocracy. 4 Reply @tribeofjesse6191 1 year ago You are a Marksman Ben! 5 Reply @gordonbartle1466 1 year ago Fantastic analysis and coherent presentation. 2 Reply @aconteh08 1 year ago Excellent work! I appreciate your shows. I will recommend all of your work to my friends, family and students. 1 Reply @doin_fine 1 year ago It interesting how the US is very much Keynesian when it comes to militarism but neoliberal when it comes to spheres of public well-being. It's good to point out that Nixon was referring to military Keynesianism and not postwar Keynesianism like that after WW2 characterised by public sector investment and full employment. The whole reason the US dropped the gold standard was so it could fund wars indefinitely. 5 Reply @bruceLi2011 10 months ago (edited) A well studied and presented video and thank you so much for clarifying the term neo-liberalism. 1 Reply @DannyWeil 1 year ago Let us not forget the privatized slave trade run out of Britain. Eventually the 'state' abolished their own slave trading company and allowed the trade to be handled by rogues and thugs --- human traffickers. You have outlined: Master-Slave Lord-serf, peasant Capital-labor (or wage slavery). Finance capital-serfdom We are not just talking about 'the class struggle' here but an entire Age of Domination that we continue to live in and under. Read more 18 Reply 1 reply @rockyfjord5338 1 year ago You could be giving this as a lecture at Harvard or Yàle , good stuff . 7 Reply @chunlingtong6137 1 year ago €2.49 Ben, thank you from my sister - stay safe & healthy Reply @Zara-um1nx 1 year ago This is very teuer thank you so much 5 Reply @lennyhaglund1 1 month ago Breathtakingly brilliant !!! Reply @uhu597 1 year ago 'Government is the problem,' said Reagan, because he was the head of the government. So he wasn't entirely wrong. 15 Reply @mingchan6300 1 year ago Well explained and analyzed. Good work. 2 Reply @collinsk8754 1 year ago Excellent analysis as always! 2 Reply @99malc1 1 year ago Thanks for a clear passionate explanation. 2 Reply @georgianakopoulou6339 1 year ago Thank you for your very lucid explanation! 2 Reply @MatewanMassacre 1 year ago I don't commend her, personally, but Naomi Klein wrote a more or less great book, for anyone wanting to understand Neoliberalism and the "Washington Consensus." I'm talking about "The Shock Doctrine." About 90%, give or take a few percentage points, here and there, of what she writes in that book, is accurate; and offers an incredibly accurate description of neoliberalism in-action, in recent world geopolitics. Basically, Neoliberalism is Libertarian Free-Market Fundamentalism, based upon the neo-classical economic theory of figures such as Ayn Rand, Milton Friedman, Alan Greenspan, and other champions of the 'Austrian School.' Show less 6 Reply 2 replies @mdroton4302 1 year ago GREAT job..really 4 Reply @masoodamirkhani3932 1 month ago Thank you, Ben for such great program explaining in details and historic referencesI️️ your sessions. keep on… Reply @diamondlalji4122 1 month ago Excellent analysis 1 Reply @hugonavakopp 4 days ago Wow , what a good in-depth summary of neoliberalism Reply @terryfraser4596 11 months ago Great coverage Ben, Your talks I complete watch in one session, anyone eles I always have an intermission. THANKS AGAIN you made me smarter............................................. Reply @davidceron8660 1 month ago Now I much better understand why neoliberalism was implemented in México and the negative economic results that it brought about to it in the last 30 years, from Carlos Salinas de Gortary to Enrique Peña Nieto. Thank you for your brilliant presentation, which was straight to the point that it was easy to understand and concise. Have a great day, and keep it up. Reply @flakieflake9616 3 months ago What a crazy map of the Middle East where the US is under such AIPAC dominance that it lists Israel as a country when it didn't come into existence until 1948, and was named British Administered Palestine! 3 Reply @tnt_pkk1311 1 year ago Thanks Ben 3 Reply @craigwilson1144 1 year ago Excellent speech Ben. Maybe congress can force the IRS to start auditing inheritance estate accounts and begin taxing the wealthy with both a progressive inheritance estate tav as well as a progressive income tax. Then the U.S. would be in a position to invest in the manufacture of tangible goods here in the U.S. instead CEOs buying back stock, stock buy backs, in their own companies and calling it growth. 12 Reply 2 replies @renealvarezyt 1 year ago Simply brilliant!!!! Thanks! Reply @johnrosado74 10 months ago Great show!! Thank you. Reply @Andrei-to6dg 4 weeks ago This is a detailed overview of the Western economy. Fabulous Reply @HeatherHaymeer 2 weeks ago Another great piece. Thank you! Reply @homapirzadeh3930 1 year ago Thank you Ben Norton! Your work is so inspiring! It’s an economic coarse excellently designed which has been ignored in academia! Needed to listen to it three times and each time it opens up many doors for me to understand the process more clearly!! Bravo Show less 1 Reply @ronrice1931 1 year ago At 10:00 so far, a very good summary of events leading up to the '70's. You do fail to mention Vietnam as a major cause of inflation, but my concern is not that. It is whether you go on in this video to suggest that if only things had remained Keynesian and not become neoliberal we would not be in the current state. Because that is absolutely not the case, it is capitalism itself that is the problem and not just its neoliberal variant. I hope you avoid the mistake of thinking capitalism can be reformed by defeating neoliberalism. It's still socialism or barbarism, there is no going back! Show less 14 Reply 2 replies @YoungTang 1 year ago Professor Ben has the ability to teach university courses. 15 Reply @jinvid 1 month ago Thank you so much for all your research and hard work! Reply @amanderik 1 year ago I am old enough to remember Milton Friedman's television show on public television back in the late 70's, early 80's. He had a tremendous influence on economc and political thinking. 3 Reply 1 reply @Aussie_Truth 1 year ago I don't think Washington would ever admit capitalism was a failure, especially while they're still milking the cow, and I'm also not sure if they'll allow Jake Sullivan to ever talk again outside of his designated appointment. 4 Reply @harrietheywood 1 year ago Excellent lesson, thanks so much. 2 Reply @edmurks236 1 year ago Thank you for this great report. Reply @lioness000 3 days ago Very well said , clear and easily understood. Thank you ! Reply @Benny_San 1 year ago This was super thorough 3 Reply @triniduane 4 weeks ago Great video. Keep it coming. I will share this video. Reply @jonasbarbosa4410 11 months ago The results are taking place everywhere... even in USA and Europe... 3 Reply @gregmather5805 1 year ago Very good ben 6 Reply @kensamsolomon2354 1 month ago Than you very much Ben. Reply @patrickrealestate-8193 1 year ago 16:32 i would call this part neocolonism which involves indirect methods of control, such as economic and political pressure, cultural dominance, and the use of international organizations. 12 Reply 1 reply @theo7326 1 year ago Thank you Ben. 2 Reply @syourke3 1 month ago You do great work! Thank you! Keep it up! Reply @kylemmm3822 1 year ago I learned a lot from this video, keep up the great work. subscribed. 1 Reply @larryyank3566 1 year ago Rock on Ben! You are an excellent Researcher And Educator! Regards, Viet vet VFP 4 Reply @tonywilson4713 1 year ago British rebel Economist Gary Stevenson said that you need to put the words "for us" on the end of all sorts of statements from economists. He did this awesome vid here on YT about why economists are always wrong. One of the problems with them is they are generally well enough off that the issues affecting everyone else DON'T MATTER. So when they say things like "The economy is doing fine" or "The abcdxyz market is booming" you need to ad those 2 words "for us" to the end as in "The economy is doing fine FOR US." Those 10 things in the Washington Consensus make a whole lot more sense when you add "for us" to the end of each item. Show less 2 Reply @JustPhil-yw6bt 1 year ago Excellent video! This should be required teaching in high school. 1 Reply @ds2332 1 year ago Best videos yet on this subject 2 Reply @simbac9991 3 weeks ago Outstanding analysis as always Reply @OneOopsimath 1 year ago Keep it up Ben 3 Reply @mandythetaurus 10 months ago This is so amazing! Thank you, Ben! Such an informative and useful video! I got know a lot, thank you very much! Reply @nemishis12 1 year ago (edited) When do we realize this economic system is broken and always was, band-aids like Keynesism are temporary at best, the system needs replacing simple as that, neo liberalism is the epitome of the inherent greed Capitalism breeds a new system is sorely needed and the sooner the better, as doing the same thing over and over while expecting different results is crazy. The idea capitalism is the best that human intellect can conceive is ludicrous, only the greed of capitalism keeps us within this stagnant economic system. Show less 3 Reply @ceej5705 2 weeks ago I would appreciate more long form presentations deep diving into our current global circumstances.... nice work bud, you are an artist, thank you. Reply @davidfalconer2879 1 year ago HK$38.00 Thanks 1 Reply @ludmilaivanova1603 1 year ago CA$2.00 Thanks! 3 Reply @johnaguirre9196 1 year ago Very good, Norton. 3 Reply @OscarCM-7 4 weeks ago Wao!!! Excelente recorrido histórico y exposición de hechos. Translate to English Reply @brucemurray8124 1 year ago Thank you! 2 Reply @elonmusksellssnakeoil1744 1 year ago Incredible history lesson, Ben! 1 Reply @Battker 1 year ago The Nobel prize in economics is such a joke 4 Reply @lupemerrit 1 month ago Excellent! Thank you Reply @pauleckett6713 1 month ago Excellent description! Reply @VelmondWhite-gs8uf 2 weeks ago Excellent analysis . Reply @ericmarshall9323 1 month ago (edited) There’s a book about this and how the plan works called “the council of the learned elders of Zion”. You’re gonna see articles trying to deter you from reading it. Read it. It’s only 80 something pages long, most of the stuff discussed in the book already happened. Also look up Title 28 section 3002 15a, for the definition of the U.S. . 2 Reply @bendredge6947 1 month ago Thanks again Ben. Very well explained to us less educated.. Reply @kenhicks6521 1 year ago Great vid Ben Translate to English 2 Reply @MarcPilon 1 month ago Super intéressant ! Un gros merci. Translate to English Reply @Hippobottomless 1 month ago Great piece I’ve learned alot as an student of economics Reply @asimwaheed8201 1 month ago Rich getting richer and poor getting poorer. Neoliberalism supporters was very patient. Got their chance. 2 Reply @markdelbrooke-jones9947 1 month ago In apartheid South Africa the ruling government politicians loved Margaret Thatcher. Prime Minister Vorster came to our school in 79/80 and said that she is the answer to the worlds problems. Soon she went to the Falklands 1 Reply @norikyou64 1 year ago Thanks Ben! Reply @SteveSmith-mw5zk 1 year ago Great Ben. Thanks Reply @stephenmiller3965 2 days ago Thank you so much for this information Reply @seyer-leinadodnavo4250 10 months ago This is the very first time I heard this information in a very professional format and credible about how the land from native Americans was taken from them and the horrific circumstances they put them on in the name of england and france. Thank you Ben for having the courage to speak up the truth. 1 Reply @NinaCantHearU 1 year ago Ronald Reagan Trickle Down Economics only trickles down spit, piss and shit 16 Reply @edwardfield4856 1 year ago Excellent. Thanks. Reply @rashmigupta9 1 year ago What a historical politiconomic lesson!! 1 Reply @oliviazuniga4677 12 days ago Great explanation! Reply @euvenniaacosta-kiessling5725 13 hours ago Thank you, it is great Reply @Guitarpima 1 year ago 0:24 we are still ruled by the few. Just like 5000 years ago, 1000 years ago, 100 years ago, we are ruled by a very few. Only the names have changed. Sadly, you go along with it. Meaning, you give them permission. 3 Reply @bezalelex31 3 weeks ago Very informative! Reply @alexaristed2534 3 weeks ago Great analysis Reply @tpt8476 1 year ago enlightening sir. 1 Reply @platosbeard4449 1 year ago (edited) Preparing a policy paper and this report couldn’t have come sooner. Thanks a million Ben. PS: could I ask; what has happened to the American Exception series with Aaron Good? I’m having withdrawal symptoms. 11 Reply @ericcwalinski 1 year ago Another great one. I would appreciate a history of economics vid if you could make it. Maybe a history of accounting one too if you, Desai, or Hudson would be willing 2 Reply @nessimrihani5962 1 year ago Please no! Nixon calling himself a keynsian is like me calling myself a tree or a chicken xD. One of the pillars of keynsiansim is the gold standard and "the rules of the game" I dont really think the Nixon shock had anything keynsian about it. + the governement spending that Nixon has done was only military. Guys the US economy has always been since its founding neoliberal or liberal whatever you may call it i just call it capitalist. "the new deal" of FDR wasnt done for the sake of americans. It was done to soften the economic crisis so to keep the popoulation in check and most importantly prepare for the war. Only the war have saved the US and the whole of the western capitalist world from the economic collapse.. The so called golden age of capitalism was only maintained by the bretton woods system which really translated to we will give the world paper and we will determine ourselves what that paper is worth. And we will get in exchange whatever we want from the world. I just want to add that even keynsian economics doesnt work because you are simply indepting the governement which will spend and give benefits and all of it would finally circle back to the pockets of the few. So the few get all the money + the intrest of the loans they gave to the governement in the first place. To conclude, keynsiansim would slow or postpone the collapse but not prevent it. You just cant heal cancer by helping other cells to survive. You have to extract the cancer once and for all. Show less 7 Reply @danielzhender660 1 year ago People accuse socialists of being dogmatic, but then believe in shit like neoliberalism benefitting people because of a line they drew. 2 Reply @jctr4559 1 year ago (edited) From what I have learned, is that Clinton balanced the budget by extracting Social Security funds, which was supposed to be untouchable, it had nothing to do with sound economics. I think all of this discussion is determined by what history books one decides to read based one’s political bias, including the host of this channel. 1 Reply @HaveYouTriedGuillotines 3 weeks ago China did implement neo-liberalism. They are socially authoritarian, and economically liberal, just like the USA. The difference is that they established their own neo-liberal agenda, parallel to the USA. Basically, the USA goaded China into playing their authoritarian kapp italist game, and China beat them at their own game. This is no surprise: They are simply emulating and iterating on the British Empire, something they have first hand experience with. 3 Reply 1 reply @GenerationWhyMe 1 year ago such great work here Reply @eugenio1542 1 year ago Thanks very much indeed ️️️ Reply @shaunehuolohan5736 1 month ago Good economic summary of last century Reply @Rockyzach88 2 days ago How am I just now learning this stuff in the last month or so? Making it known to people that we haven't always been under neo-liberal capitalism should be a major point in any arbitrary capitalism discussion in forums. Reply @michstockholm1164 1 year ago Thanks. Reply @user-yo5du9fz3h 11 hours ago very good ️ good luck! Reply @VJ-sp2vs 8 months ago Nice one Mr. Norten, sound as a pound this was for me knowledge' Reply @santosservantes1475 4 weeks ago I finally understand what the heck is going on and why great job Reply @ignaciocastaneda5777 3 weeks ago Excelente ! Translate to English Reply @corneliusboza7338 2 days ago So empowering Reply @longyou8254 1 year ago Thx for sharing Reply @Hassan_MM. 1 year ago Excellent & Clear as ur Blue Eyes 1 Reply @resist2030 1 month ago A year later...and nothing has changed. It's getting worse. 1 Reply @harrislazaridis5689 4 days ago It makes me wonder,is neoliberalism an easy way for all those billionaires to hide from their depths and politicians to not take any responsibility for being in charge of a state. 1 Reply @user-by6cs1sy7y 3 weeks ago Very informative Reply @TheoCahillVarella 1 year ago It is so sad to see that that is happening now in Brazil. This Neoliberal thinking is becoming the norm around here and it only creates more poverty and inequality, within an environment historically violent and unequal. 2 Reply 1 reply @thorinbane 1 year ago In Canada mirror mirror of USA. Liberal government "come hell or highwater" Paul Martin first as finance minister and later as pm, privatized, cut service and had a budget surplus. The next Conservative government started spending again and ran huge deficits despite the original surplus. Again siting too much taxes, yet somehow being more efficient, than the slow growth and deficits from more privatization, deregulation from the Conservative party. Two parties on the right that even a small amount of left wing policies increased the economy instead of shrinking the economy. Show less 1 Reply @ClayRams 1 month ago This is good quality content Reply @amreamer362 1 year ago Think Rothschilds 5 Reply @Nikoya73 1 year ago Very educating. Tks 2 Reply @sarathclalr1963 1 month ago Great man salute you Reply @joelhenderson1252 1 month ago Doing great work on this channel Ben!!!!! Reply @GetFochD 1 year ago Thanks man, such perfect content 2 Reply @user-ih6tv4cz4k 4 weeks ago REAGAN AND THATCHER AND THE WASHINGTON CONSENSUS SCREWED UP THE WORLD 1 Reply @UnnecessaryRequest-pv5yb 1 year ago (edited) This guy is an absolute genius a brilliant man indeed, this world needs you bud. 🫡 Reply @Nikoya73 1 year ago $1.99 Thanks! 1 Reply @chunlingtong6137 1 year ago €2.49 Thank you Ben Reply @calpag 1 year ago $2.00 Thanks! 1 Reply @suvendubhattacharjee6596 1 year ago (edited) Thank you Ben Reply @julietteleak5315 1 year ago $2.00 Thanks! 5 Reply @foteiniz3919 1 year ago €2.00 Thanks! Reply @aconteh08 1 year ago $4.99 Thanks! Reply @Fogaata 1 year ago $5.00 Thanks! Reply @TBoneZone 1 month ago The Serfs got paid in Food and Free Housing, Clothing, Boots, Hats, Sunshine and Water. How could they be Taxed if they did not get paid? - T 1 Reply @jeffstricken8549 1 year ago Nobel prizes in economics are worth about as much as belly button lint. Funny that a Biden campaign commercial should appear in a video critical of Neoliberalism. 2 Reply @pamelaearl7191 1 month ago Wonderful and helpful. But don't forget the Black Death. This deserves watching again and again. Reply @ericlewis3681 1 year ago Top flight! Superb education on the subject as concise as it can be made. Reply @Juan-ud3if 1 year ago Salute Truth Tellers, and All Activists for Justice, Peace, Freedom and Climate. Reply @Venzera 1 year ago Very informative Reply @jazziahewing8445 3 weeks ago So good Reply @almcl9391 1 year ago Excellent work Ben 1 Reply @H.A.L96 3 days ago Imagine saying the government is not responsible for the society of its people. Basically saying we’re going to give wealthy people an advantage to enrich themselves plus the privilege of not paying taxes. That’s crazy to me. Everyone should be paying taxes. Read more Reply @kristoffervalen2935 1 month ago Well the German hyper inflation happen in 1924 after the European price correction of 1922-23 were the prices of resources used in shipbuilding after the price highs of the immediate post war boom. And the main reason that German hyper inflation happen the refusal of the French and Belgians to adjust German reparations. 1 Reply @setiandromeda6091 1 year ago Great illuminative ad dispassionate Reply @squarecoats6233 1 year ago Something I've been wondering about for awhile, though I'm not great with economics so I might have it so wrong my question isn't even really workable, how much of the success of China's development model is due to its relative strengths over the dominant neoliberal economic model? Like, if every country adopted an economic model at least more or less similar to China's, would it still be so effective? Would it be more effective? From what I understand, China has a pretty flexible model, and I definitely don't think it's like a flaw for a model to take into account the circumstances in which it exists and try to optimally function within those circumstances, but I guess I'm just curious since more and more countries are looking to China's model to see how their own models can be informed/improved. Thanks for all your great work! Show less 9 Reply 3 replies @user-xq8qx6bg2j 1 year ago Thank you Ben, a great piece Reply @allanchen9337 1 year ago "End of history", my foot 2 Reply @zainiabdullah621 1 year ago "We prefer freedom in poverty to opulence in slavery." ~ AHMAD SEKOU TOURE (var. Sheku Turay or Ture 1922-1984) a Guinean political leader and African Statesman who became the first president of Guinea, serving from 1958 until his death in 1984. Sekou Touré was among the primary Guinean nationalists involved in gaining independence of the country from the brutal colonialist Republic of France. 1 Reply 1 reply @timrobertson8436 1 year ago I think you need to look up the real meaning of the word "genocide" since over 90% of Native Americans died from infectious diseases brought to the North America by the earliest European explorers from Spain and France, long before the colonists arrived from different European countries such as England and the Netherlands. The introduction of these diseases was entirely inadvertent since the cause of these diseases was unknown at the time and also resulted in the deaths of many colonists and Europeans as well. There is no historical evidence of intentional genocide by any governments or organization at that time Read more 1 Reply @tasfa10 4 days ago This channel is gold! Holy shit Reply @lajoszsommd1526 1 year ago (edited) I think what Sophocles meant to say was not that there is nothing more wondrous than humans; but that there is nothing more wondrous than human stupidity. Perhaps something was missed while copying.....anyway, social atomism is brutally illogical. On the contrary, society is organic with multiple-level interactions and...inter-living. One can go so far as to say that reality itself is organic. The more exciting question is not so much how these brutish ideas such as natural or social atomism can emerge, but how they are maintained for so long. The answer is simple: the mental inertia of the people combined with one-sided and manipulative information by loudspeakers cause the Goethe effect: who knows nothing must believe in everything. The people with mental inertia surrender to even the most bizarre ideas provided that they get bokanowskied enough (References-Sophocles: Antigone, Johann Wolfgang von Goethe quote, Aldous Huxley: Brave new world). Show less 2 Reply @cougar1861 1 year ago Re Sullivan lamenting "Europe's energy insecurity" ( ... that the US viciously caused) is reminiscent of Bill "I feel the pain I have caused you ... and have planned for the future" Clinton. Massive US deficit spending has hardly precluded “austerity economics” for the general populace. Show less Reply @Teklemwo 2 days ago It's so impressive , instilling deep into the minds of patienlty listening to those very mindful of what is going on with the Westerner's tricks . Reply @innocentodenigbo7284 1 year ago Very interesting. Reply @liamporter1137 1 year ago Thanks for sharing and surfacing the truth. Reply @sajidimran7186 3 months ago Thank you for such an elegant piece of work I always enjoy your lectures. Please tag me in the link for economic system of China as opposed to neoliberal economy. I could not find it. Thanks once again 2 Reply @homapirzadeh3930 1 year ago Bravo! Reply @gestorespanama 1 year ago $5.00 ¡Gracias! Translate to English 1 Reply @macrosense 1 month ago Reagan was quite open to conversation with the Soviets. He was quite conciliatory with Gorbachev.Whatever jingoistic rhetoric he peddled at home was to work up the national self-esteem: we do live in a democracy. His military spending was mostly a form of government make-work: he was at heart, or even rationally, a giant and conventional Keynesian Reply @commieender 3 months ago Fix the amortization calculation and the middle and lower class will have more money to spend on consumerism. Lenders and fanny mae have destroyed our economy. This further perpetuates the upper class investments and asset acquisition. 2 Reply @mohamedyacoob6721 1 year ago Nice class. Maybe we do not need universities with you guys doing the research and presentation. I think that free trade has to go with the freedom of movement of people involved in free trade. And liberalism is tied up with it all. Looking forward for the next class. 1 Reply @vincentolusanya5930 1 year ago Most people who live in Sub Sahara Africa literally live in the dirt, we die by the thousands daily, all because of some silly greed. Humans are the most primitive animals 2 Reply @northstar1060 1 year ago libertarianism is a fools paradise 16 Reply 2 replies @JoseLopez-ys2oz 1 year ago It is beneficial to know how we became engulfed in neoliberalism in order to free ourselves from it. The United Nations International Children’s Emergency Fund’s report on the devastating results that neoliberal policies had on Russia proves categorically that neoliberalism is plutocracy! That is why the Russian Federation considers Ukraine becoming a North Atlantic Treaty Organization member state an existential threat. Can America become plutocracy-free? Reply @emballagen 1 day ago You're amazing Reply @redwine2664 1 year ago neoliberalism came out of the School of Economics from Chicago. They adherents of this new philosophy went on to influence Margaret Thatcher, Ronald Regan, The Pinochet regime in Chile., etc ect. by 1990s the same people tried to apply tactics in Eastern Europe. Reply @lennyhaglund1 1 month ago Erosion of the “white man’s world” is baked in. 1 Reply @AndreasSvenska 8 months ago In 2008 , the $700 billion package to recapitalize Investment Banks was pure Socialism. 11 Reply @adambelanger8258 4 weeks ago That Nixon quote was so misleading He said that after removing the us from the gold standard It was a statement of fact, not a proclamation of support Show less Reply @riffmondo9733 1 month ago (edited) Neoliberalism and Neoconservatism is the same . They were proud Neocons bsck then. No referred to them a Neoliberals. Never heard the term until Clinton. Show less 1 Reply @elgringuitoojosclaros2831 7 months ago What is money? 2 Reply @shuidifengliu 1 year ago Didn’t Milton Friedman receive as Nobel prize for this? 2 Reply 1 reply @SsentongoErnest 1 year ago very good video Reply @richardbluhm1873 1 year ago Do I remember correctly that some wonderful person hit Milton Friedman in the face with a pie? 2 Reply @cb7324 1 year ago (edited) Government IS the problem! (Reagan) The problem for who? Not the taxpayers. Corporations wanted more freedom (deregulation and no oversight). Remember, corporations are people, too. Reply @sexynelson100 1 year ago You should invite Yanis Varafakis on your show.. I'm sure you'll have plenty to talk about. 2 Reply @user-uw2ki7vm4d 1 year ago $1.99 謝謝！ Translate to English 1 Reply @chriskeene241 1 year ago In nz we had Rodger Douglas Reply @johnhulk3347 1 year ago This is how the colonial vampires maintain their vampirism on the planet 1 Reply @earbjr4715 1 month ago Excellent! God Bless You! GODSPEED! Yeshua, is coming! Reply @john-ss8hk 1 year ago (edited) Another excellent economic lecrure for lay ppl. Thank you Ben. Reply @Gallois59 1 month ago (edited) What tatcher didn't undestand is that people give their self-sovereignity to the governement , that is the real first obligation a citizen have , so why did she think this would come as free ? The price you have to pay for people to submit , where they put you above even themselve is this: You have to take care of them and their need. That's what conservative men do when they are in charge of a family, that's what it mean to be head of a Household, if not for this then there is no obligation for the family unit to submit. To rule is to take care and be in charge of those under you. Governement have been hijacked by individualist who place themselve at the top and who think they should not have to take care of people. Duh ! In France we had the expression "agir en bon Père de famille" wich meant that a Father's duty was to take care (in good faith) of his family. If one demand submission without offering anything then this one is a tyrant. If one demand submission and take it upon himself to take good care of his people then this one is a true king. Show less 1 Reply @charleskimbrell9040 3 days ago I remember that Regan was identified as a "Neo-Conservative." Reply @impermanent-being 1 year ago New words (not just related to wokeism) need to be invented to describe today's fast changing, mind boggling social political phenomena. Mass contradictions in Neoliberalism, Socialism, Free-speechism, Gender self identificationism... etc are so rampant we need words to describe user-defined objectivity/ reality and the loss of common intellectual/ moral anchors. Reply @psikeyhackr6914 1 month ago (edited) By ignoring planned obsolescence and the depreciation of durable consumer goods GDP can just go up and up and up. Where is the data on the annual depreciation of automobiles purchased by American consumers since Sputnik? Funny how economists do not say much about the Net Domestic Product. 1 Reply @elgringuitoojosclaros2831 7 months ago Read Doomberg - Geopollutical warfare 1 Reply @presidentjesus5061 1 year ago So if Biden (or his handler Jake Sullivan) is returning us to the golden age of Keynesianism does this mean we have to vote for Democrats, Ben? 2 Reply @ashiqhussain1869 1 year ago Excellent exposition. Reply @alicehamers7996 1 year ago Hasn't #7 backfired on the US, with China and say Saudi Arabia buying real estate and rural agricultural land? Reply @red0guy 1 year ago Dude, there is no such thing as Nobel Prize in economics. What is called is a phoney called The Bank of Sweden prize in memory of Nobel. And prize itself is highly political in peace and literature categories. 1 Reply @bundleofperceptions1397 1 year ago Jan. 7, 1971 "Nixon Reportedly Says He Is Now a Keynesian." Jan. 27, 1972 the Committee to Reelect the President concoct a cockamamie scheme that results in the removal of Nixon. Connection? 1 Reply @samaval9920 9 months ago Neoliberal capitalist economics, deliberately or accidentally, is supported by a wider range of political factions— (moderate left?). centrist political liberals moderate conservatives, reactionaries. 1 Reply @callmeishmael3031 9 days ago Keynesianism for the rich, Neoliberalism for the working class. Reply @gestorespanama 1 year ago Btw, great video! Reply @Noitisnt-ns7mo 1 year ago It is the antithesis of "broadly shared". Reply @cb7324 1 year ago (edited) This video reminds me of Fed Chairman Alan Greenspan's quote, "I was wrong." Reply @Jean-rg4sp 1 month ago Rather difficult for some of us to follow due to the complexity of the subject. The Chinese economic model seems to be the one to champion. Reply @AppalachianAlex 1 day ago Neoliberalism has been a disaster for the working class Reply @ewalker1057 1 year ago You described western history. That is not how it was the Indigenous in Africa and the Western Hemisphere. That way of life has been destroyed. It needs to return. There was no currency, no concept of nation states (gang territories, no concept of ownership. People freely traveled and lived. One of the failures of western education, it does not include non-western history. There was life prior to colonialism. Reply @MilošSamardžić-z3h 3 days ago At around 18:50, you say that the Washington consensus advocates for redirecting government spending FROM popular areas such healthcare or education, while in fact Washington consensus advocates for cutting spending on various subsidies in favor of healthcare, education and infrastructure. All-in-all, good analysis, but I prefer more objective stance for topics. While in practice, it was proven that neoliberalism breaks economies apart, when diving deep into the root of problems, it can be seen that political corruption and irresponsible political decisions are the cause of economic instabilities. Reducing government deficit is in favor of fiscal stability crucial for stable inflation; tax reform that abolishes income tax for workers while expands taxable items such as wealth, consumption or corporate business, boosts quality of life of ordinary people; liberalization of trade enhances supply chains also crucial for stable inflation. We cannot reject ideologies fully and take others as a whole, but we have to consider individual ideas that solve real world problems. Show less Reply @Tennis2016 1 month ago In fairness Greece was not spending its own money, but rather EU money … Reply @fredtan1506 1 year ago If I were Xi, I’d ask Ben if he’d join my innermost circle of government planners, thinkers. He’d surely contribute invaluable ideas to better governance. Reply @scoutjohnson1803 1 year ago A balanced budget means no GDF growth. Shows you how stupid politicians are. 1 Reply @UnnecessaryRequest-pv5yb 1 year ago Thank you for this informative video. Because you tell the truth and with you we don’t get a one sided story of everything. You need to create an InfoWars style news channel like AlexJones… the only person I can think of right now ️ 🫡 Reply @truthaboveall7988 1 year ago Ben - ur a brilliant educator - thank u for everything u have taught me in my old age of 48 before the stock market turned off on my 2 year investment in GameStop I believed the Orwellian version of history & exceptionalism we r taught in the US & the west I’d pay to c the so called libertarian’s survive w out socialism 4 the rich/corporations Seems 2 me the “non interventionists” sure do rely on taxpayer intervention It’s so ironic that we have the poorest people in the US the most afraid of economic policies that would save them from the despair & poverty created by the far right who they worship over cultural wars Read more Reply @samaval9920 9 months ago Merchandise suggestions—- forms—shirts, hats, posters, plastic place mats, posters, greeting cards, etc. contents— «geopolitics », in different languages (+ pronunciation aids) examples Spanish—Geopolitica Chinese-Dili Zhengzhi Buena suerte! Zhu ni hao yunqi! Read more Reply @krcalder 1 day ago We never did ask the obvious question. Why did China do so well in an open, globalised world? All the cards were stacked in China’s favour in an open, globalised world, which the Americans created with the Washington Consensus. Maximising profit is all about reducing costs. China had coal fired power stations to provide cheap energy. China had lax regulations reducing environmental and health and safety costs. China had low taxes and a minimal welfare state. China had a low cost of living so employers could pay low wages. China had all the advantages in an open globalised world. Western companies couldn’t wait to off-shore to low cost China, where they could make higher profits. Western businesses tried cutting costs here, but could never get down to Chinese levels and they needed to off-shore to maximise profit. They gave away decades of Western design and development knowledge in technology transfer agreements. China was a new, fast growing economy compared to the mature, slow growing economies of the West. Investors would be able to achieve better returns in the new, fast growing Chinese economy and this is where the money headed. US investors love China and know it’s the best place to make real money. https://www.youtube.com/watch?v=CaELQS5kTso&t=727s George Soros, Bill Gates, Warren Buffett, Elon Musk, Jeff Bezos .... These are the rules of the game we never understood. Now we do understand the rules you can see why we have done so badly. The cards were stacked against us. Show less Reply @charleskimbrell9040 3 days ago I remember Thacherism. At the time it was called "The New Right". Reply @AndreasSvenska 8 months ago (edited) Neoliberalism isn’t all bad, at the extreme, it is mostly bad. However there are some positive points. I think Keyensian approach with a dash of NeoL. I actually flourished under NL, but it is crap for Labor. I went to the Soviet Union in 1986 … it was a “basket case”. Society does actually exist, but not in material form. It is what scientists call “emergent behavior”, which is behavior that exists as a result of activities of people. It is a set of relations. Reply @andrewreynolds912 9 months ago Yea we are not at the end of history we are actually in the most transforming of history like dedollarization and such in history! 1 Reply @zatara11 11 months ago Thank you, great explanation. Do you have a video that describes the difference between neo liberalism and neo conservativism? Would like to hear your take on that. To me Neo anything is bad, and a form of oppression of the 99% either way it is labelled, but sure their are differences in the methodology. 1 Reply @peacehippietrollster1120 1 year ago Yep. I was jewEd into learning BS economics of privatisation back in the school day. This should be taught to our kids. Thanks again Ben for the crash course. 1 Reply @j.d.3269 1 year ago A government can be economically neolib and politically neocon? 2 Reply @InsightsAbroad 4 weeks ago Read 'Globalists' by Quinn Slobodian. Great book explaining how the WTO world government came to run the world Reply @geejaybee1970 1 year ago Good information. Mediocre delivery. I am rooting for you and support your platform. Please take this critique in that spirit. Most people I know would not make it through the first 10 minutes of a video like this one. I did not make it through the entire video and I am highly educated and very interested in the topic. There is way too much information offered way too fast to be easily to followed and absorbed. This would even be intense for a graduate school lecture. Please think more about your target audience and what you can effectively communicate in one presentation. Maybe shorter, more narrowly focused, and slower delivery. Read more Reply @alvin8391 1 year ago John Maynard Keynes died about a year after the end of WW2. Milton Friedman died in 2006 and had many years to foster opposition to the economic wisdom of Keynes, now called keynsianism. What was that? The simple truth that in a depression, when consumer demand has reached and ebb due to unemployment, businesses will not invest and provide employment because it is too risky. Keynes made clear that government has to be the employer of last recourse. If the government must borrow money to do that, then it can repay the debt by taxation once the economy is restored to activity. The wealthy have never been willing to accept this Rx for ending a recession, as reasonable as it is. For that reason, the ruling clas have consistently tried to repudiate keysianism and had elevated Milton Friedman as their poster boy during his lifetime. Friedman's monetarism, though proved wrong, became their religion. Show less Reply @donaldwhittaker7987 2 weeks ago What is described herein is the rather unfortunate road that the global ruling class has taken en route to a unified world state. In Rollerball John Houseman touches briefly on this point when he says that all the nations are bankrupt and as he says "now we have the majors," meaning the 6 corporations that run the place. It began in earnest after WW 1 and is now moving along apace. If the species is still here in 150 years this effort will be complete, though i think there will still be some bumps in the road. The climate will cause much displacement along the coastal regions and that will slow things down. Forget Star Trek, but Brave New World will no longer be sci-fi. Show less Reply @reginald1047 1 year ago Proverbs 29:2 This proves that when the wicked rule the people mourn because Cain is not a Brothers keeper. Genesis 4:9 Reply @abolishnato 1 year ago Did anyone get a Thomas Sowell ad while watching this? Lmaooo 2 Reply @matthewdolan5831 7 days ago Thatcher was the first to fall for it. Reply @MrBlackgobbo 1 year ago (edited) Great video, but it lacks the most important thing that helped to win the cold war against soviet system and legitimates neoliberalism: the agreement with Saudi Arabia to sell undervalue their fuel. That was the movement that triggered the collapse of the soviet union. As modern Russia, their economy was dependant of selling energy to other countries. So it is an irony and a revelation that the "free market about all" system won the cold war cheating the free international market. It is a revelation too listen the words of the interviewed you showed to understand how this system destroys societies and feed a sociopath way of thinking Show less Reply @johnterry6541 1 month ago Soooo… what is neo liberalism? 1 Reply @pedromachado8513 1 year ago Man, please, you need to put subtitles in portuguese so my friends and family could watch Reply @maryhuckaby2239 1 year ago You left out that the Keynesian Era (1940s-1970s) generated amazing prosperity for American workers and the middle class, with the poor having real upward mobility, with free university education producing...well, engineering that put men on the moon and all the other technical advances, that saw the dream come true of children being better off than their parents, that resulted in huge percentages of home ownership, created a mobile population with vacations (strong labor unions) and great highways to travel and great national parks to visit, responsive to the civil rights movement (fairness, sharing the prosperity) and a very successful environmental movement (no more DDT in the food chain; eliminating smog; the Clean Water Act, et al.). Life was truly great for most Americans - the envy of the world. That's what Mr. Keynes produced - the New Deal and all of its benefits - along with the work of visionary leaders and lots of strong laws on taxes, on regulation and other necessities of a good balance of capitalism and socialism. There were dark, ominous shadows such as the Korean War and the Vietnam War; CIA beastliness - mostly abroad, mostly hidden at home - and truly toxic social poisons that are still with us - the assassinations of three great leftist, anti-war leaders in the space of 5 years ('63-'68) and their cover-ups. But Americans were still optimistic enough to mount huge protests against the Vietnam war and were altruistic enough, during that period, to applaud the Civil Rights Act and the Voting Rights Act partly because there was enough prosperity to go around. (Racism intensifies when there isn't.) Leaving the gold standard may be one of the dark, ominous shadows. Most Americans of that period had no clue that the prosperity wouldn't last and that it would all be looted and destroyed. Show less 3 Reply 1 reply @charleskimbrell9040 3 days ago It seems that this lecture is flipping the terms "liberal" and "conservative". It is interesting how it uses terminology from Das Kapital like "class war" "imperialism" and the very definition of "capitalism". Reply @vt100music 1 month ago Yep. You’re on the money, so to speak. Reply @HerpaDerpaZX 3 days ago It doesn't matter if it's discredited, it's a religion with powerful true believers like Musk Reply @danquarterman 3 weeks ago This was okay. But folks really need to see the "Hypenormalization" doc. Much better. Reply @emreapaydn4064 1 year ago I appreciate the information and video. Many of your points are solid and easy to understand. However, I personally find some of your points driven by personal ideological perspective. The way you kept associating liberal ideologues with fascism does not add to the message you're trying to convey, and also sometimes become all out misleading. Hayek, for instance, was not a fascism sympathizer at all. His most popular book is literally about how he thinks societies can stay away from fascism. Unlike marxist perspective, he believes that an interventionist state will lead to fascism, not a liberal one. It's only that his perspective on how to deal with fascism is different. Using his out of context quote to mislabel him as a fascism sympthatizer is uncunning at best and malicious at worst. One can find endless examples such as these to associate anyone or any ideology with fascism. From Socialism to Islamism, Capitalism to whatever you want. Just wanted to point out my critisim on this, thank you for the content again. Show less 1 Reply @angrycrypto465 1 year ago The first fascist is George Washington. While you can say that Austrain school of thought are sympathetic to fascists, well, that's the first 1 Reply 1 reply @malvinderkaur541 7 days ago Throwing public to circumstances is not the answer, which is what has been going on till now so angst of existence made people do whatever bad twisted for survival Reply @Mark1JT 1 year ago Countries need the "MMA of economic theory", that is take what works from the existing econ theories and use them while discarding the rest. 1 Reply 2 replies @dennyfusaro1752 1 month ago Ben, where are the citations that Austrian economists preferred facism? Who were these economists? Reply @bigh9809 4 weeks ago Nothing new and nothing Liberal. 1 Reply @SolarEcliptic 1 year ago Very helpful historical talk Ben. History including the economics of the “games of thrones” is essential. 3 Reply @fredericocarvalho3271 1 year ago I wonder if Norton subscribes to the ideas of MMT (I do), which he cites at the end and supports China's economic policy. 5 Reply @Nikoya73 1 year ago In your conclusions, you said the USA is looking to change its economics politics because of China’s success. Question; that’s assuming that the USA government looks after improving the economy of its citizens. Isn’t contradictory with the thought of a economic elite looks only for themselves? And those who surrounds them to perpetuate their powers? 1 Reply @thorinbane 1 year ago Us sanction on Canada on dairy, wheat, steel, and lumber Reply @sch4891 1 year ago i used to think that china was keynsian but now i understand that theyre market socialist. can you make a video explaining the difference? it would have saved me years of confusion Reply @davidwilkie9551 1 year ago (edited) The historical analysis of "who Am I", the adoption of plural identity "you", and the idea now of a mono-dualistic Self assembled from the David Graber observation that "Anachism is Democracy without government", covers the human perception orientation of Mind-Body Problem in the general Lord-God philosophical debate, ie our inside-outside Ego self-Self identities are as interdependent as the standing wave modulation holography dimensionality coordination, shaping the empirical physical laws of Mathematical certainty in probabilistic Actuality. The only "side" to be on, is general democratic consensus, and political options can only be really by extraction of mathematically holistic analysis.., this is what happens with our without our input, so it's "encumbered upon us" to do the best we can with what we have. (Which is another aspect of thinking for yourself) An Actuality of Diplomacy in Mutual Respect is the rationale of anachy of analytical philosophy and Rule of Thumb Intuition that has always dominated our collective behaviour. Silos built on narrow bases will always topple without support, military comes from defence of truth, but hypocrisy and lies typically result from populist inversion of proper governance, etc, etc. So this presentation, built on Michael Hudson's analysis and seen through David Graber's POV of personal responsibility taking, amounts to a very good review, pre reiteration alignment with the functional facts of human behaviour. Thanks. Show less Reply @1LaOriental 1 year ago Ben, thanks for the great video. Would you mind making a video about China’s rampant surveillance? Seems like something opposed to all the economic successes they have had. 4 Reply 2 replies @misriya4147 2 days ago De-industrialise developing countries Reply @cb7324 1 year ago (edited) 20:20) Foreign investors should lead the market. Interesting. Go deeper. Who are the "foreign investors?" Wall Street? Reply @sergeykaplenko6534 4 weeks ago Short definition - neoliberalism = neoidiotism. Reply @hippinator1366 3 weeks ago (edited) What I don't really get is why so many people use the term "neoliberal" when Reagan was a neoconservative??? All arts & sciences are liberal arts & sciences so "neoliberal" should be a modern-day person who adheres to science & is for the arts. The only conservative institutions are really wall st & religions. This seems like a case of linguistics where somewhere at some point the wealthy decided to simply change the language & blame the socialist left for everything which is what "liberal" meant at one time & the dictionary still defines liberal as a leftist socialist minded person & liberal is an antonym of conservative rather than a synonym. Kind of like Lenin & Engels talking about the word anarchism & their ridiculous arguments about "the state" & Engels just said change it to "commune" in State & Revolution & apparently the translation wasn't really meant for an American audience because we really don't have communes in USA. I just think the left should be able to use the words liberal/neoliberal to define leftist socialists, for liberty, opposing racism, bigotry & sexism as opposite of & opposing conservatives/neoconservatives who are for anti-worker neo/fascism, imperialist hegemony, neonazism, racism, bigotry & sexism. Show less Reply @hatandclogs9408 1 month ago Let’s all be honest. Margaret Thatcher was being real and honest. It shocking to those who are shocked because you prefer to have big brother and you prefer to not have Individual responsibility. It does begin with the individual. 3 Reply 1 reply @shontelllacour138 1 month ago #Eugenics 1 Reply @R14-m4z 1 month ago Your version of history is incorrect: the Indians absolutely were not "genocided". The Mexia indians sided with the Spanish against the Aztecs, the Iriquois sided with the French against the English in the French and Indian war. However, after wars and assimilating into the wider nations, there really wasn't much left after after 300 years. Laws of Conquest apply here. If the Iriquois had won their war against the English, people with white guilt such as yourself, would not be around to cry about the "genocide" of the Indians. Show less 1 Reply @tsengenhu6494 1 year ago Did neoliberalism influence education? 1 Reply 1 reply @dominictweedie989 1 year ago The weakness of this presentation starts with the short history of the world at its beginning. 600 years ago there were monarchies, et cetera... but failing to mention the 300-400 year North Atlantic/World slavery period that created the pattern of world domination that now exists as NATO and other institutions. As is well shown in the documentary series Slavery Roots, for example, the colonialism of the 19th Century was a simple inversion of the slavery system, so that the exploitation of the same peoples was maintained and expanded in situ, and subsequently reconverted into the even larger, even more profitable neo-colonialism that still exists today. Without your initial sketch including slavery (instead, you momentarily nod towards the euphemism "mercantilism") you are compelled to explain "neo-liberalism" as eclectic bullet-pointed "policy". You over-ride the plainer explanation, which is that the soi-disant "neo-liberalism" of the last 50 years or so is no more or less than an open attempt to reverse the movement of national liberation and independence that had accelerated from the 1940s onwards. The correct slogan for today is multipolarity, because it has the exact same sense as the earlier slogan of "independence", as it was understood in the 1960s, for example, in the high season of anti-colonial struggle. Rather than getting lost in the spaghetti of "policy" you would have done better to apply Occam's razor to "economics" and raise again the simpler, truer, more consequential and much easier to understand banner of "Multipolarista". Yes, I have written so before. It becomes more obvious all the time. Show less 2 Reply @scoutjohnson1803 1 year ago What about the Post Keynes economists ? Reply @walter1932 1 year ago Why didn’t Norton mention the tremendous, criminal role Afrikan slavery played in the creation of capitalism? Dr. Gerald Horne could offer answers to Ben’s glaring omission. 4 Reply 3 replies @vasanthakumari-f5x 4 weeks ago So hail the bricks and bricks bank. Reply @danielrota7491 5 days ago we sure got screwed Reply @TheRaymooney 1 month ago Ben was the USSR overthrown or did it implode , obviously different parties wanted it gone . .?? Reply @neildepoy7329 2 days ago How do you explain Hong Kong, Singapore,Taiwan all Neoliberal policies. Reply @gestorespanama 1 year ago The question is if the change will also affect the crappy hubris filled conditions with which they treat the global south. Our empoverishment doesnt seem to affect the North unless there are too many people/rapists at the southern border. Reply @roberttony001 1 year ago Here, let me fix that title for you, "How Neoliberalisn 'Corrupted' the World", more accurate. Reply @tararoche4470 10 days ago You greatly misrepresented Austrian economists. This is Ludwig Von Mises full quote from his book, Liberalism: "It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history. But though its policy has brought salvation for the moment, it is not of the kind which could promise continued success. Fascism was an emergency makeshift. To view it as something more would be a fatal error." Ludwig Von Mises was of Jewish descent and lived through the horrors of WWII. He did not support fascism and certainly not Nazism— especially given that, in his own words, "The Nazis chased me out of my home country and off the continent." He did not praise fascism but viewed it as an "emergency makeshift" against the socialist Bolshevik revolution terrorizing Russia. He wrote several books denouncing economic systems that give government absolute control, be it directly or implicitly, and argued that no system is more efficient or more protective of individual rights and freedom than that of a free market capitalist economy. Similarly, the quote you used for Friedrich Hayek changes greatly when read in context from his book, The Road to Serfdom: “No doubt an American or English “Fascist” system would greatly differ from the Italian or German models; no doubt, if the transition were effected without violence, we might expect to get a better type of leader. And, if I had to live under a Fascist system, I have no doubt that I would rather live under one run by Englishmen or Americans than under one run by anyone else. Yet all this does not mean that, judged on our present standards, our Fascist system would in the end prove so very different or much less intolerable than its prototypes.” Austrian economists believe in "liberalism of the old type" and argue for the preservation of individual freedom. They warn against collectivism and the tyranny of the masses. It must be said that capitalism is not based in "greed" but in the right of an individual to choose their own best course of action to improve their quality of life. Monetary profit is not the only motivation for human action. Money is just a means to an end— a unit of exchange used to trade labor for a product. Many people forgo lavish lifestyles and devote themselves to public service— they trade labor for the means to enrich the lives of others. People don't want to get rich just for the sake of being rich, but for the ends their wealth can achieve. Through the division of labor and co-operation of others, capitalism proves that we are capable of improving the lives of far more people than we could alone— and all while seeking the means to fulfill our "selfish" needs and desires. Societies interested in the preservation of individual freedom try to achieve the best possible outcome for the vast majority of people through democratically electing individuals and entrusting them with enforcing laws written precisely for the equal protection of individual rights and peaceful co-operation. Unfortunately, individuals in government often use their position to act in their own best interest rather than in the best interest of their fiduciary— awarding more rights and privileges to some than to others. Eliminating this propensity of government is a difficult endeavor. Undoubtedly, increasing the scope, authority and power of the governing minority only serves to fracture society more as peaceful co-operation as the means to prosperity is supplanted by rent-seeking. In spite of my suspicion that your videos may be propaganda for the Chinese communist party, I appreciate your critique of American politics and the effect the American empire has on the global economy. You often make assessments with which I disagree, but I believe you provide a needed opposing view of "the narrative." Read more Reply @jctr4559 1 year ago So let’s cut to the chase, Are you saying capitalism is bad and socialism is good? Or are you picking from each one with a bureaucratic government in complete control. Reply @BUDITMN 1 month ago Reply @brianc9374 3 weeks ago How was this "genocide" done? Reply @NewmanWilliam-g9i 5 hours ago Wilson Richard Moore Timothy Gonzalez Sarah Reply @malvinderkaur541 7 days ago They have been like vultures condors eating poor public’s share till now Reply @hlogilehlogonolo5438 3 weeks ago I’m 19 years old and watching this video is making me realise how dumb I am Reply @chengmohdamin172 1 year ago Salam, why should private banks be allowed to practise fractional banking? Nations should be firewalled from disruptive speculative foreign exchange movements somehow perhaps going back to a government to government managed rate for G20 .in the wake of progress in big data analysis. Muslims would welcome interest free banking. Since modern commercial and industrial activity are inherently pollutive they should pay interest on loans that go to a climate fund. I am no economist and welcome comments conducive to acceptance in Muslim majority states. Show less 1 Reply 1 reply @elviraespinoza429 1 year ago Yes but we pay that......company the black rock oner. Reply @mrduckman225 1 year ago I'm gonna send this to my boomer relatives, so they can learn abou something cuz having the party war era be the only reference of your economic knowledge is so basic Reply @giovannigentile7211 1 year ago (edited) Bravissimo ️‍ Do protoplasm (George Carlin) will watch by millions this amazing instructional video unfortunately will never ever happen 1 Reply @scoutjohnson1803 1 year ago GDP growth is mainly the amount of money the banks lend. If you borrow $1.5 million for a house that in normal times it’s worth $0.5 million. That is a GDP growth of $1 million! Reply @AnnieT369 1 year ago Jake Sullivan surprises no end. Had thought he was a thick one. Reply @elviraespinoza429 1 year ago AL morir la persona no se lleva nada ..de million nada . Nuesta Vida deve ser vivid en Armenia y Amar ser Feliz.... Pobre es quin no a tenido un Amor . Translate to English Reply @darkspel 1 year ago BEN, LONGER VIDEOS ARE PERFECTLY FINE 1 Reply @aerobique 1 year ago sidenote: there's no such thing as a "economic nobel prize" imo, a huge story Reply @robertmejia9817 3 weeks ago All republicans need to se and inform themselves so they can understand who actually brought the problems that we have now Reply @FullChick-h4l 5 days ago Lopez Richard Perez Ronald Smith Cynthia Reply @williammcdaniel4888 3 months ago It's amazing how you skipped over slavery 2 Reply 1 reply @Theoriginialdonguillory 1 year ago It didn’t. Reply @MaudWinston-t8n 3 days ago Johnson Elizabeth Anderson Kimberly Thomas Jessica Reply @cb7324 1 year ago (edited) Ben, will you do a video on neocons? or have you already done one? Reply @andrasgergely1051 1 year ago Hungary also paid a lot after WWI, dude! Reply @ClareBoyd-f8c 12 hours ago Anderson Frank Smith Sarah Lewis Sarah Reply @GJ-wz1lm 1 year ago Reply @black__monk400 3 days ago What is the alternative to Washington Consensus? Let me know if you have any other alternative Reply @erwinsarjoo9658 1 year ago and the all voted for them Reply @jimsummers487 1 year ago I like free markets when I’m spending fugazis….. not when I’m making them Reply @possi98 4 days ago Wow ! Sometimes I feel like I am a god. Lol. This is the very vidéo I tought of making...for a long time. Reply @elviraespinoza429 1 year ago Vig company no part TX Reply @patri153 1 year ago 3 Reply @EarthColonyNet 1 year ago (edited) Margaret Thatcher sounds like David Hume to me. Reply @Kaslor1000 1 month ago You got it completely wrong. It's not that China's model turned out to be correct and has somehow won over the West's liberal model. It's exactly the opposite. China's has consistently engaged in unfair trade practices, subsidies and state-led market manipulations, which effectively resulted in them taking advantage of other members of the global trading system, because everyone who WAS following free market principles and no state intervention had no chance to compete with heavily subsidized Chinese competitors. The result is that, when confronted with China's practices, they now have no other choice but to do them same. And now, because of that, everyone will be worse off. All major economies will decouple, trade will slow down and efficient global markets will be taken over by state policies, which are by definition less efficient and prone to corruption. So to to sum up, China, by engaging in unfair practices, has started a global race to the bottom, and because of that entire global economy will become less efficient and more decoupled. Show less Reply 1 reply @NiranjanMalakar 1 year ago Why are there Newar priestly surnames ? Is there Newar priestly surname included in Brahman population in Nepal population census 2022 too ? Reply @elviraespinoza429 1 year ago Toro America has unpobrese. Extremely. The company eeuu and Canadian destruction Riber territory Jong...and Mexico they no pa taxpayers. Walmart Repsol Iberdrola no pai tax. Mor de 46 million they no pay tax. Reply @walter1932 1 year ago Maybe Ben should read Dr. Eric Williams book “Capitalism & Slavery”. 1 Reply @FlowerGary-t3e 3 days ago Smith Sarah Miller Barbara Hall Linda Reply @StoweMarico-n7p 1 day ago Young David Harris Margaret Martinez Margaret Reply @patrickrealestate-8193 1 year ago 22:00 this is where most of Africa is today. Reply @TheDynamicmarket 1 year ago government still has to be regulated. more than ever. governments wage wars, not capitalists. this economic downturn was designed by the governments. Reply @babalass1408 1 month ago Very narrow and incomplete understanding of the economics ....when was libertarianism completely implemented in any of the countries?? Reply @malvinderkaur541 7 days ago Entire deficit aka spendings are picked by mint print which goes behind the facade of ‘ borrowing’ think how dumb from one pocket to another yet it’s still same pants not somebody else’s such idiots calling they are loaning themselves which then coming term ‘ wrote off’ means loan forgiveness which is fine but do it for all, can be done no problems read my book all are going to find reason rationale in them Reply @jimmoynahan9910 1 year ago It's not been "imposed" on anyone outside the US lmao Reply @luisescamadonhamue4117 1 month ago This guy has too much information 1 Reply @robinhazell6019 4 days ago Why didn't you actually say that even before the Bretton Woods, the Protege of Friedrich Hayek was Milton Friedman and his CHICAGO SCHOOL OF ECONOMICS? What you are basically saying is already known by anyone who has read THE SHOCK DOCTRINE written by Naomi Klein. maybe you read this book yourself and then made this video? Reply @josephwurzer4366 4 weeks ago Sounds like a socialist. Reply @diegomercier 9 months ago You, sir, are ignoring reality completely or twisting all data in a dishonest way. Two examples: Pinochet was not a Fascist at all (all the opposit to Mussolini's "All within the state, nothing outside the state, nothing agaisnt the state"); and his liberal policies lead Chile from being broken to being the most prosperous country in Latin America, reducing poverty from 40% to 8%, and even reducing inequality by Gini index. Argentina's Peronism is a form Keyneasian approach that has been in place for more than 70 years in that country, and it destroyed it completely! Argentina went from being the richest country in the world in 1890 to be a country with 50% of people living below the line of poverty (being a country with enormous human capital and natural resources)! There is a role for the some Keynesian ideas, but they don't work to fix macroeconomic problems. Monetarism (from the Austrians and Friedman) is what really works in reality. It has been proven. Read more Reply @Mark1JT 1 year ago Why is it that some people think they have an inherent right to the proceeds of other peoples labour? If I voluntarily give proceeds of my labour ($, food, etc) fine but the gov or other people having this belief in their right to those things of mine... Reply @janklaas6885 1 year ago 440:56 Reply @PravdaSeed 1 month ago Ben you are the Best & YeT........ Bill gates, Bill doors & Bill windows R Bill ion times B tter than the Bee Queen Bee King Bee president Bee prist sss Be happy with What "U" havE. Not All give you (8.billion) Free gift like Master Nikola Tesla Read more Reply @Caleb1979 1 year ago Are u in China Ben?? Reply @williamkyavi3369 1 year ago That map you call 1916 map ruins your presentation. There didn't exist an Israel country then yet your map even shows Gaza and West Bank but no Palestine meaning you're using a current map. A 1916 map would have shown Palestine where Israel now is. Another Israel apologist? Reply @blueoak116 1 year ago Ben, please I beg of you, stop using the word, "neoliberalism." Please hear me out. The word neoliberalism is "often misunderstood" as you say, that's because it lends itself to misunderstanding—and intentionally. Consider this situation: you are an English teacher in a foreign land. Your students ask you to explain the word, neoliberalism. In response you simply explain, as every good English teacher would, to break it down, to view the word in its parts.For example, neoliberalism begins with the suffix "neo..." meaning "new," which is attached to the word "liberal," meaning, well, "liberal.' So standard English demands that one have an understanding of "neoliberalism" as a new form of liberalism. But that of course isn't it at all. "No, no, no, no," you say. And we'd all agree: neoliberalism has nothing to do with liberal. Neoliberalism is a negation of liberalism. The word you're looking for is anti-liberal. But then are you a liberal? Afraid to use the word liberal? Then they won. Show less 1 Reply 3 replies @doktorschleim410 1 month ago o7 Translate to English Reply @mjpucher 1 month ago Complete nonsense … Reply @nelsonmacy1010 1 year ago You totally misconstrued what was the essence of Margaret Thatcher. Very very bad Reply @SLRok 1 year ago Did you really do a video about imperialism/capitalism and not even mention slavery once? C'mon dude. Reply 2 replies @brooklynn52dee38 1 year ago There just has to be an intelligent population somewhere because it isn't here. Reply @user-fh5vh2oq9g 1 year ago U mix and conflate ideas in a way to create a less than truthful narrative. Reply @physicalivan 3 weeks ago printing money is the solution Reply @MrCrabguy 1 month ago Commie propaganda Translate to English Reply @michael511128 1 year ago (edited) I am complaining. You try to jam 2 or 3 economic classes into a 30 minute talk. I scored an A and a B in elementary economics and I’m not following you. You keep talking and hurt my head. I quit at the 36th minute, type this comment, then go walk my dog. My point is those who can truly understand this talk would have understood the contents already. Those who don’t will not understand you. How about a bit more user friendly?