Excellent presentation! It's interesting how many levels there are to our problems. I understand this is from an economic perspective. If we go a level deeper, I believe we would find that all of the mentioned problems, bad schools, neglected infrastructure, incarceration, wealth inequality etc. can be traced to highly moneyed interests having an undue influence on our government. I don't think that there is a political will to do what's best for the country anymore. The Supreme Court really screwed us on this one with Citizens United. Unfortunately, I believe that the America that was once so great, is done.
Never read something so realistic from anyone on the state of our country... I agree my fellow friend. We need to get people thinking like you into government.
Absolutely awesome to have Mr. Temin to come and talk. I want to thank this channel for this unbelievable access of resources at such a low opportunity cost.
this channel gives and produces ideas that would be affective and will fix the mass in the America but it's hopeless. There's no political will and courage to sort things out.
It's hopeless unless something catastrophic happens like financial collapse or something similar, at that point people will realise that things need and should be really changed. Let's wish wiser heads end up in charge and work for the greater good of society, there's always hope....
it's not that big of a deal and it may have been corrected in subsequent episodes, but I'd recommend not changing the camera angle so much in interview settings. The words are the most important thing and it's difficult to concentrate when one has to dart their eyes around constantly to focus on the speaker. I had to turn off the screen to concentrate on what he was saying. Cutting to different angles once in a while is of course ok and likely gives higher quality, I would just leave something closer to minutes in between cuts in this sort of format rather than seconds.
Increasing the scope of capital.. Transforming societies of having market economy in the past, now they must be market societies, where everything is market driven, for sale... Including your kids life...
Is coming ?! Hahahahahaha !! what hoodwink and hope. It's nearly game over, another 5 or 10 years at max... But then will these old institutional geezers still matter? Doubtful ...
Socialism is a reflex action, reregulation is the cure. The Titans that cannot live with such can always move to China. The inheritance laws should insure no citizen can circumvent the nations government or as the 1 percent now do, own the government in their back pocket !
@@CentralCAhomie thanks for your comment. When government is failing to deliver, such as millions are currently experiencing, socialism is always pedaled as the solution.. .. Argentina, USSR, a fan of economicly dysfunctional African and South American are the loosing examples to stack beside Scandinavia the most functional social democracy. I would contend Capitalism is the extension of how humans think. As we talk here, a few financial bullies own the planet. No good has come from deregulation. Capitalism has a good history of growth. Britian, Germany, France, America etc enjoyed decent growth with America's heyday being the top performer. America had enough surplus wealth to put a man on the moon. If we measure China's growth from 1974, when they gained most favored nation trade status to the present, in fifty years with the consumption side of America being exposed to Chinese manufacturing, they only recently landed on the moon. Even with this advantage a large portion of their people live as they did in the nineteenth century. The American middle class paid the cost of this failed experiment. When the republican notion of deregulated capitalism became the practicing model in America, the economy was soffocated by vectoring the nations wealth into few hands. I date the crumble to begin with President Bill Clintons nullifying Glass Steagall (late nineties). Seven or so years later the money crisis as banks tried to assess their position as an insured stock market saw the power of economic reality versus virtual wealth. Regards Ken.
I'm sorry, but the terms "human capital" etc... doesn't have any meaning to me. Capital is what you own minus what you owe, asset (assessed value) less liabilities (specific value); or you're "net equity". What is "human net equity"?
Vern Etzel he speaks of the economic definition that has a category of capital known as human capital and here you’re making a cross reference of disciplines by stating the definition of capital from an accounting perspective and at the same time tying it in with the term “human”. Therefore, I urge you to learn the different parlance as relates to specific terms.
@@tavoyreid4876 gee thanks? I wonder why the economic definition would differ from the accounting version? Are they not connected? Then again, calling people "human assets" would probably expose a persons position lol
@@GenghisVern fiat money is not capital. Commodity backed money is capital because the commodity can actually be used in production of goods, rather than just being a medium of exchange. If gold had no use value other than exchange, it wouldn't be capital either. If the quantity of fiat money could be fixed, there would be no problem with it, but that's not politically possible.
Excellent presentation! It's interesting how many levels there are to our problems. I understand this is from an economic perspective. If we go a level deeper, I believe we would find that all of the mentioned problems, bad schools, neglected infrastructure, incarceration, wealth inequality etc. can be traced to highly moneyed interests having an undue influence on our government. I don't think that there is a political will to do what's best for the country anymore. The Supreme Court really screwed us on this one with Citizens United. Unfortunately, I believe that the America that was once so great, is done.
Never read something so realistic from anyone on the state of our country... I agree my fellow friend. We need to get people thinking like you into government.
Absolutely awesome to have Mr. Temin to come and talk. I want to thank this channel for this unbelievable access of resources at such a low opportunity cost.
this channel gives and produces ideas that would be affective and will fix the mass in the America but it's hopeless. There's no political will and courage to sort things out.
Bernie
It's hopeless unless something catastrophic happens like financial collapse or something similar, at that point people will realise that things need and should be really changed. Let's wish wiser heads end up in charge and work for the greater good of society, there's always hope....
it's not that big of a deal and it may have been corrected in subsequent episodes, but I'd recommend not changing the camera angle so much in interview settings. The words are the most important thing and it's difficult to concentrate when one has to dart their eyes around constantly to focus on the speaker. I had to turn off the screen to concentrate on what he was saying. Cutting to different angles once in a while is of course ok and likely gives higher quality, I would just leave something closer to minutes in between cuts in this sort of format rather than seconds.
It will be difficult to split out public policy failures amidst the pandemic. Everything will be attributed to its interruption.
100% agree with him
Read this book on how education can make us better
(Auerbach, 2016) Socialist Optimism: An Alternative Political Economy
Increasing the scope of capital.. Transforming societies of having market economy in the past, now they must be market societies, where everything is market driven, for sale... Including your kids life...
finance no approved measure of output... great..
03:28
social capital first and defined by
03:32
Robert Putnam is a measure of how much
03:35
you can trust other people
He should get Nobel Prize.
9:40 America can get teachers from poorer countries. They are willing to work for lower salary.
2:42 kind of a big "duh" -- can verify: layperson here. Service sector at that.
Infrastructure Trainwreck Economy. Human Capital Lost. Your in Trouble.
Is coming ?! Hahahahahaha !! what hoodwink and hope.
It's nearly game over, another 5 or 10 years at max...
But then will these old institutional geezers still matter? Doubtful ...
I don't think so. Cheap commodities from the developing world will fuel growth for another ten years at least.
No national product? Sounds like the US Needs more SOCIALISM. Socialism is all bout productivity
Except in scandinavia and the American dream period
Socialism is a reflex action, reregulation is the cure. The Titans that cannot live with such can always move to China. The inheritance laws should insure no citizen can circumvent the nations government or as the 1 percent now do, own the government in their back pocket !
@@KenBowd regulation is the actually reflex action, socialism is what will make restructuring of regulation better
@@CentralCAhomie thanks for your comment. When government is failing to deliver, such as millions are currently experiencing, socialism is always pedaled as the solution.. .. Argentina, USSR, a fan of economicly dysfunctional African and South American are the loosing examples to stack beside Scandinavia the most functional social democracy.
I would contend Capitalism is the extension of how humans think.
As we talk here, a few financial bullies own the planet. No good has come from deregulation.
Capitalism has a good history of growth. Britian, Germany, France, America etc enjoyed decent growth with America's heyday being the top performer. America had enough surplus wealth to put a man on the moon. If we measure China's growth from 1974, when they gained most favored nation trade status to the present, in fifty years with the consumption side of America being exposed to Chinese manufacturing, they only recently landed on the moon. Even with this advantage a large portion of their people live as they did in the nineteenth century.
The American middle class paid the cost of this failed experiment.
When the republican notion of deregulated capitalism became the practicing model in America, the economy was soffocated by vectoring the nations wealth into few hands.
I date the crumble to begin with President Bill Clintons nullifying Glass Steagall (late nineties). Seven or so years later the money crisis as banks tried to assess their position as an insured stock market saw the power of economic reality versus virtual wealth. Regards Ken.
I'm sorry, but the terms "human capital" etc... doesn't have any meaning to me. Capital is what you own minus what you owe, asset (assessed value) less liabilities (specific value); or you're "net equity". What is "human net equity"?
Vern Etzel he speaks of the economic definition that has a category of capital known as human capital and here you’re making a cross reference of disciplines by stating the definition of capital from an accounting perspective and at the same time tying it in with the term “human”. Therefore, I urge you to learn the different parlance as relates to specific terms.
Capital is goods that can be used to produce other goods. Fiat money is not capital.
@@Max-nc4zn lol. you don't like fiat money? Peter Schiff will sell you all the "real money" gold you want in exchange for your "worthless fiat".
@@tavoyreid4876 gee thanks? I wonder why the economic definition would differ from the accounting version? Are they not connected?
Then again, calling people "human assets" would probably expose a persons position lol
@@GenghisVern fiat money is not capital. Commodity backed money is capital because the commodity can actually be used in production of goods, rather than just being a medium of exchange. If gold had no use value other than exchange, it wouldn't be capital either. If the quantity of fiat money could be fixed, there would be no problem with it, but that's not politically possible.
DO AWAY WITH MONEY. CHANGE THE PRIMITIVE MINDSET. Democratize living.
Disagree with this person on schools. If you really wanted to turn around human capital turn around the culture.