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If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic
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If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic
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New Economics Foundation writes Is the Labour government delivering on its promises?
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Matias Vernengo writes What is heterodox economics?
| If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields. |
Other than Tariffs, how can the U.S. bring manufacturing jobs back home 🤔
If labor is more expensive and the standard of living is higher in the U.S. ?
Through legislation like the Chips Act under Biden. That's a good start if you ask me.
By finding a way to make it a necessity for those with money to invest capital domestically in businesses that serve the common good. Of course, this would mean having to pay taxes if you are ultra-wealthy, inheriting 20 million instead of 200 million, making stock buybacks and hiding money offshore illegal again, raising wages while controlling costs, putting a stop to discriminatory banking and insurance practices and developing international relationships not entirely based on sanctions, tariffs and war. Throw in elimination of subsidies for the most profitable businesses before Amazon- like big oil- and it could be very easily done. I'd also nationalize utilities, healthcare and education as opposed to what we have at present. That's how.
By producing the required quality at a competitive price, which cannot occur. Tarrifs work to protect existing sectors, they do not magic into existence old sectors as you are missing the most important resource: trained, experienced people in sufficient amounts. Tarrifs without a homegrown sector are simply consumer taxes.