34:19 to 34:54 contains some very important statements that run counter to what is still being taught in economics classes around the English speaking world.
Really enjoyed the talk, excellent subject to take up. My working thought is money is an instrument of power. I would just say that any attempt to put your system of giving money an expiration date into effect would be considered an act of war---class war--- and would be responded to accordingly. That is a major problem for any scheme to tamper with this volatile and somewhat mysterious substance of abuse, we might say. One of the working ideas I have about this very troubling stuff (money) is to look at how it operates psychologically in everyday situations. It seems to me that we internalize or perhaps the word is introject money. It becomes an internalized Other that makes decisions and determinations for us. Many of our best human qualities and Deleuzian (to mention what wasn't mentioned) becomings are arrested by this omnipresent internalization. So I would say PAY ATTENTION TO HOW IT IS AFFECTING YOU MOMENT TO MOMENT. Thanks for thinking about it and paying attention to it. And thanks for the Keynes and Seaford references. Loved Keynes' quote!
I think the problem is that if money doesn't represent a trusted value, those with huge amounts of capital will search for other things to store their wealth, such is real estate. Which is precisely what we are seeing as a result of negative interest rates.
Regarding Keynes’ assumption that shifting monetary policy will engender a new morale of the people. Albeit a beautiful sentiment, mass psychology is not all that simple. Money is an addiction like any other drug. Hoarding (money or stuff) cannot be discouraged with a tax. It’s a deeply rooted pathology not to mention an instinct (all animals horde for the winter season.) additionally, Keynes paradox of thrift itself is a paradox - by encouraging spending we only shift hoarding of money to hoarding of consumer goods. Credit debt becomes the new beast of burden . I conclude then that it’s not about monetary adjustments but about shifts to new models of exchange altogether coupled with new hands on learning models that prioritize direct survival and artisan skill development. The worker owned cooperative here is an appropriate model for this paradigm shift .
Bout 24 minutes in reminds me of a book I read recently by the d&g scholar Eugene Holland called Free Nomad Citzenship: Free Market communism and the Slow Motion General Strike
Almost through the vid and I haven't heard anything related to Deleuze. Thulis professor is just regurgitating basic bitch Marxism. I feel robbed of an hour.
This video isn’t worth your time if you’re hoping to learn about D&G. Speaker starts his argument with assumptions that should be conclusions instead. Also seems to fundamentally misunderstand the role of derivatives and options in financial markets - i.e. “Betting on the failure of the economy of Thailand” requires someone to take the other side of the trade. Seems like he would prefer that market participants only be able to go “long” and that no one be able to go “short”.
i thought the ummm guy at the beginning was annoying but then at least he was understandable. the actual guy needs to take talking lessons because he just mumbles.
Professor Joshua Ramey do not sort out what he is talking about, when he talks about value, he confuse it up with moral values, in this lecture. If you can ask the question what money is, why not start to ask the question what value is (social workers power), what exchange is (exchange of comodities) and what the accountability is (a quantified form of exchange value). That was what Marx started to ask in Capital volume one. The solution to devaluate money is also stupid, we already have that, it is called inflation and it is a disaster for ordinary people. If you put that tax on bank accounts, the rich will only go out and bay some gold instead. The solution is still the revolution.
34:19 to 34:54 contains some very important statements that run counter to what is still being taught in economics classes around the English speaking world.
Really enjoyed the talk, excellent subject to take up. My working thought is money is an instrument of power. I would just say that any attempt to put your system of giving money an expiration date into effect would be considered an act of war---class war--- and would be responded to accordingly. That is a major problem for any scheme to tamper with this volatile and somewhat mysterious substance of abuse, we might say. One of the working ideas I have about this very troubling stuff (money) is to look at how it operates psychologically in everyday situations. It seems to me that we internalize or perhaps the word is introject money. It becomes an internalized Other that makes decisions and determinations for us. Many of our best human qualities and Deleuzian (to mention what wasn't mentioned) becomings are arrested by this omnipresent internalization. So I would say PAY ATTENTION TO HOW IT IS AFFECTING YOU MOMENT TO MOMENT. Thanks for thinking about it and paying attention to it. And thanks for the Keynes and Seaford references. Loved Keynes' quote!
I think the problem is that if money doesn't represent a trusted value, those with huge amounts of capital will search for other things to store their wealth, such is real estate. Which is precisely what we are seeing as a result of negative interest rates.
Regarding Keynes’ assumption that shifting monetary policy will engender a new morale of the people. Albeit a beautiful sentiment, mass psychology is not all that simple. Money is an addiction like any other drug. Hoarding (money or stuff) cannot be discouraged with a tax. It’s a deeply rooted pathology not to mention an instinct (all animals horde for the winter season.) additionally, Keynes paradox of thrift itself is a paradox - by encouraging spending we only shift hoarding of money to hoarding of consumer goods. Credit debt becomes the new beast of burden . I conclude then that it’s not about monetary adjustments but about shifts to new models of exchange altogether coupled with new hands on learning models that prioritize direct survival and artisan skill development. The worker owned cooperative here is an appropriate model for this paradigm shift .
Bout 24 minutes in reminds me of a book I read recently by the d&g scholar Eugene Holland called Free Nomad Citzenship: Free Market communism and the Slow Motion General Strike
WTF? Deleuze isn’t even mentioned much less Deleuze and the two flows of Capital
Almost through the vid and I haven't heard anything related to Deleuze. Thulis professor is just regurgitating basic bitch Marxism. I feel robbed of an hour.
good lecture. kudos
Shit starts 3:30
Harvestable entity. The Kingdom of Heaven is yours
The ums!
This video isn’t worth your time if you’re hoping to learn about D&G. Speaker starts his argument with assumptions that should be conclusions instead. Also seems to fundamentally misunderstand the role of derivatives and options in financial markets - i.e. “Betting on the failure of the economy of Thailand” requires someone to take the other side of the trade. Seems like he would prefer that market participants only be able to go “long” and that no one be able to go “short”.
Id rather hear a Deleuzean give his interpretation of the austrian school of econ and subjective value theory than just listen to basic Marxism.
You're fired
um
Money is AI
i thought the ummm guy at the beginning was annoying but then at least he was understandable. the actual guy needs to take talking lessons because he just mumbles.
Does this professor just take Marxist analysis for granted? Turn that critical gaze back on itself .
Professor Joshua Ramey do not sort out what he is talking about, when he talks about value, he confuse it up with moral values, in this lecture. If you can ask the question what money is, why not start to ask the question what value is (social workers power), what exchange is (exchange of comodities) and what the accountability is (a quantified form of exchange value). That was what Marx started to ask in Capital volume one. The solution to devaluate money is also stupid, we already have that, it is called inflation and it is a disaster for ordinary people. If you put that tax on bank accounts, the rich will only go out and bay some gold instead. The solution is still the revolution.