Great video, and as usual, I appreciate the inclusion of source in the description. Some books worth reading on the subject by economist Michael Hudson, who has extensive academic background in economic systems, debt and trade in the ancient world (despite his political biases especially when discussing the modern economic system, as seen in his best work "Killing the host" (2015)): The Collapse of Antiquity: Greece and Rome as Civilization's Oligarchic Turning Point (2023) Temples of Enterprise: Creating Economic Order in the Bronze Age Near East (2024) Urbanization and Land Ownership in the Ancient Near East (1999)
We still have a palace economy. Congress controls the budget, the Fed extract value from seniority of its currency. (I.E. interest and inflation from printer burr.)
🤝 Had a busy week and was finally able to watch this morning. The staying power of communism being tied to the Eastern Orthodox Church is a new concept to me but it makes a lot of sense. I knew Calvinism considered hard work its own reward but never tied it to why the rise of capitalism was so strong in Europe. I guess all you need is a handful of common people getting filthy rich from being workaholics and suddenly everyone knows what is possible.
Really good video. I couldn’t help but notice a lack of discussion though on Catholicism and the impact it had on science and the economy. Many universities in Europe were established as Catholic institutions. The system of accounting is reputedly established by bankers in renaissance Italy. The crusades helped facilitate the development of banking. And then towards the end, it would be interesting to examine how Protestant Europe went ahead of Catholic Europe in industrialization despite having a head start with the renaissance and overseas empires (Spanish & Portuguese).
Well you forgot the country providing 25+ % GDP for straight 1000+ years. Sanatan ( Eternal) dharm ( Righteousness) provides a path for sustainability for centuries.
How can profit and loss slow commercial innovation? Just look at the perfect example of a profit and loss system such as the stock market.. is an unbeatable wealth creating machine
Couple problems and mistakes with this video! there was some skilled labor on the pyramids in Egypt! But there most definitely was slaves! When you’re talking about the (Golden age of Islam) you make the mistake of confusing Arab and much of the other cultures that created that “Golden Age” you’re also failing to mention the plagiarism that went on in the Arab world forgetting that works like Aristotle, Plato, and even mathematics was just expounded upon to invented by the followers of Islam, Islam showed what it really was once the implementation of the Sharia was fully adopted.
I have mentioned it throughout out the video, just not a dedicated section on it. It’s something i hope to cover in future videos. Thanks for the feedback
Your channel is severely underrated. Keep up the good work, mate.
Thanks so much! Will do
Fantastic! This is literally my new favorite channel.
You’re too kind, thanks for the support!
Intro some of your other fav channel
Great video, and as usual, I appreciate the inclusion of source in the description.
Some books worth reading on the subject by economist Michael Hudson, who has extensive academic background in economic systems, debt and trade in the ancient world (despite his political biases especially when discussing the modern economic system, as seen in his best work "Killing the host" (2015)):
The Collapse of Antiquity: Greece and Rome as Civilization's Oligarchic Turning Point (2023)
Temples of Enterprise: Creating Economic Order in the Bronze Age Near East (2024)
Urbanization and Land Ownership in the Ancient Near East (1999)
Thanks so much for watching- I look forward to checking out the books!
We still have a palace economy. Congress controls the budget, the Fed extract value from seniority of its currency. (I.E. interest and inflation from printer burr.)
Well done, very informative intro.
🤝 Had a busy week and was finally able to watch this morning. The staying power of communism being tied to the Eastern Orthodox Church is a new concept to me but it makes a lot of sense. I knew Calvinism considered hard work its own reward but never tied it to why the rise of capitalism was so strong in Europe. I guess all you need is a handful of common people getting filthy rich from being workaholics and suddenly everyone knows what is possible.
Really good video. I couldn’t help but notice a lack of discussion though on Catholicism and the impact it had on science and the economy. Many universities in Europe were established as Catholic institutions. The system of accounting is reputedly established by bankers in renaissance Italy. The crusades helped facilitate the development of banking. And then towards the end, it would be interesting to examine how Protestant Europe went ahead of Catholic Europe in industrialization despite having a head start with the renaissance and overseas empires (Spanish & Portuguese).
My long quest fulfilled thanks man making this video, appreciate entire team....
Well you forgot the country providing 25+ % GDP for straight 1000+ years.
Sanatan ( Eternal) dharm ( Righteousness) provides a path for sustainability for centuries.
How can profit and loss slow commercial innovation? Just look at the perfect example of a profit and loss system such as the stock market.. is an unbeatable wealth creating machine
Very good lecture
please do one on colonialism and economics
Make a video on the Austrian Artist and Banking
Interesting idea - what angle would you recommend looking into?
@@HistoryXFinance focus on him fighting bankers and as such
🤝boosting that signal!
Thanks so much for watching
🤝 Great video as always.
Thanks so much for watching!
If you can grow a capacitive financial system then poverty will be a thing of the past.
Couple problems and mistakes with this video! there was some skilled labor on the pyramids in Egypt! But there most definitely was slaves! When you’re talking about the (Golden age of Islam) you make the mistake of confusing Arab and much of the other cultures that created that “Golden Age” you’re also failing to mention the plagiarism that went on in the Arab world forgetting that works like Aristotle, Plato, and even mathematics was just expounded upon to invented by the followers of Islam, Islam showed what it really was once the implementation of the Sharia was fully adopted.
Handshake 🤝
I just subscribed to your channel ❤❤❤🇳🇬🇳🇬🇳🇬🇳🇬🙏🙏🙏
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Thanks so much for watching!
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Thanks for watching!
what about judaism? you use the symbols.but don't mention the religious political economy
I have mentioned it throughout out the video, just not a dedicated section on it. It’s something i hope to cover in future videos. Thanks for the feedback
wise choice avoiding mentioning Judaism in this video
This channel really bitched out.
Of course, they shaped the financial system by disobeying God’s command
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Thanks for watching
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Thanks for watching!
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