Hist of Capital 4: Polanyi - Foreword by Joseph Stiglitz

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  • Опубліковано 5 лют 2025
  • In the forward to Karl Polyani's book The Great Transformation, Joseph Stiglitz explains that the self-regulating economy is a myth that has caused enormous destruction, especially to the developing world.
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КОМЕНТАРІ • 42

  • @TA-lq7cb
    @TA-lq7cb 2 роки тому

    Thanks a lot for educating the nation Sir

  • @junaidraza6015
    @junaidraza6015 2 роки тому +1

    I am economists and I read this article my undrducating course

  • @AaoSamjhen
    @AaoSamjhen 2 роки тому +3

    Suggestion: Sir, please use solid background rather than library background. Solid background will help us concentrate on slides and you.

  • @shrikantmodak9503
    @shrikantmodak9503 2 роки тому

    Excellent exposition of the myth of free market economy. A tragedy is that this myth has been propagated again and again since industrial capitalism took roots, despite repeated failures of market economics. This fact remains out of public notice thanks to self censorship in corporate media, which prevents this information from reaching the general public.

  • @harshithsubramaniam5924
    @harshithsubramaniam5924 Рік тому

    The part on IMF and debts were very interesting. I think David Graeber talks about it in Debt the first five thousand years.

  • @qintarahmad6062
    @qintarahmad6062 2 роки тому +1

    Fine work

  • @AsifKhan-c6e4f
    @AsifKhan-c6e4f 10 місяців тому +1

    Sir you're doing a great job 💯👍make one video about that how America control the world is the world is multiple polar or not?wait for your response thank you sir

  • @babarazam900
    @babarazam900 2 роки тому +1

    Keep bringing these topics 😍

  • @junaidraza6015
    @junaidraza6015 2 роки тому +4

    Sir you are economist more than political scientist

  • @muhammadharisharis7255
    @muhammadharisharis7255 2 роки тому +1

    I am Trotskyite sir! But you are doing a great job

    • @Taimur_Laal
      @Taimur_Laal  2 роки тому +4

      Thanks. I was also a Trotskyist once. But as I read more, I realised it is standing on the wrong side of history.

    • @teknikaisb2699
      @teknikaisb2699 2 роки тому

      @@Taimur_Laal
      Was it Trotky's theory of constant revolution which helped you realise that he's standing on the wrong side of history?

  • @babarazam900
    @babarazam900 2 роки тому +1

    I really enjoyed it

  • @shabbirahmeddar7765
    @shabbirahmeddar7765 2 роки тому +1

    Boht hi maloomati vlogue hay. Kindly also make a program on " capitalism in 21st centuary" by thomas pickety.

  • @gbsports9986
    @gbsports9986 2 роки тому +1

    sir please make a vedio on the current political situations in Gilgit Baltistan.

  • @mansoorkhan3471
    @mansoorkhan3471 2 роки тому

    @taimur please make a lecture on how real estate investment in third world countries like Pakistan is hurting economy.

  • @advocatehafiznasirmahmood5980
    @advocatehafiznasirmahmood5980 2 роки тому +1

    Good effort 👍👍👍

  • @naimatkadha817
    @naimatkadha817 2 роки тому

    Sir, I am regular listener of your videos and learnt a lot. However, sometimes you add your commentary to that extent that it lost connection with original topic. If possible, narrate the original text and then add own commentary at the end or in separate video.

  • @raheelkamran3867
    @raheelkamran3867 2 роки тому +1

    Why would IFIs lend to developing economies if they are allowed to default?

  • @asadmawaz
    @asadmawaz 2 роки тому +1

    Great video.
    Question: The internet and resultant easy flow of data will make the markets more complete? Your thoughts

  • @naveedahmad14775
    @naveedahmad14775 2 роки тому

    Sir what is the way to become independent of these financial institutions?
    What roadmap we should take for economic stability in Pakistan?

  • @GemsStones4
    @GemsStones4 2 роки тому

    Kindly also put light on the flip side of the coin

  • @sirajuddin1058
    @sirajuddin1058 2 роки тому +1

    Kash keh pakistan kay shihri aapkay lecture suntay or aatay kaylieyeh is qisam kay halat paida karnay walun kay khilaff istarah nikal aaain keh muassar soial nizam jo awam yani proltariya kaylieyeh mufid or istishali elit class ko lagam di jaay.

  • @mukhtarahmad2304
    @mukhtarahmad2304 2 роки тому +1

    Where Gorbachev got Perestroika like measures from?

  • @changez8098
    @changez8098 2 роки тому +1

    Sir you need to interview Ron Paul, Jumma Khan Sufi, Orya MJ. also interview Engr MA Mirza about Marxist view on God & religion.

    • @braveheart8318
      @braveheart8318 2 роки тому

      Interviewing orya, a conspiracy theorist who's always crying about akhiruzzaman and mirza engineer, a hadith thumper salafi who's always bashing the great Sufi saints of this region is a waste of time. Being a communist, he doesn't care about religion and these preachers.

  • @armedconflicts357
    @armedconflicts357 2 роки тому +4

    Sir, you have mentioned that states can't filed for bankruptcy but during the Barzil economic crisis in 2014, IMF give relaxations to Brazil in payment of debt. Other thing you mentioned that Russian inflation/crisis is because of capitalism and Pakistani govt should learn a lesson in this economic crisis but privatization have short term benefits which are because of competition in privatization which are beneficiary, creates more jobs opportunities and brings development. On the other hand, communist economic system don't have any competition which could be one of the major cause of economic crisis of Russia in Cold War period.

    • @harshithsubramaniam5924
      @harshithsubramaniam5924 Рік тому

      Economic crisis in Russia happened AFTER the Soviet Union was dissolved, or as you say, the "communist system" was dissolved. Not before it. Crisis erupted AFTER Privatization happened. The USSR had negligible (1% or so) unemployment and no inflation for 37 years. All macroeconomic indicators were very stable. As soon as price controls were lifted and rapid privatization was implemented, the GDP halved, inflation went above 1500%, there was enormous unemployment. Not before privatization, but after it.

    • @harshithsubramaniam5924
      @harshithsubramaniam5924 Рік тому

      The theory on privatization being beneficial to society depends on (1) perfect competition which can never exist, (2) perfect information which people never have, and (3) completely free trade which is also impractical. A theory that depends on impractical assumptions is impractical in itself. It has dubious assumptions about human behaviour.

  • @abdullahfarrukh9621
    @abdullahfarrukh9621 2 роки тому +1

    You have to discuss islamic political system in detail so you can maximize your reach in other factions as well.

    • @braveheart8318
      @braveheart8318 2 роки тому

      He's a communist and doesn't care about religion that's why his party will never be successful in a country like Pakistan where people are suffering from religious fever.

  • @abhijeetsinghrathore2276
    @abhijeetsinghrathore2276 2 роки тому +1

    please make a video on mirza ibrahim baba e mehnatkashan

  • @comradeuu3837
    @comradeuu3837 2 роки тому +1

    Could you please also make an English version of this lecture. I don't speak urdu.

  • @babarazam900
    @babarazam900 2 роки тому +1

    🔥💞

  • @faisalimtiaz7536
    @faisalimtiaz7536 2 роки тому

    Pls make a video of China president economy.
    Capitalism ko impose kyun krna para

  • @AsifKhan-c6e4f
    @AsifKhan-c6e4f 10 місяців тому +1

    Multipolar world.....

  • @roshanchapagain5335
    @roshanchapagain5335 11 місяців тому

    Digital barrer money--- money creation from GST commission--- abolition of central bank

  • @adulbasit7912
    @adulbasit7912 2 роки тому +1

    140th view