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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?
John Quiggin writes Dispensing with the US-centric financial system
New Economics Foundation writes Whose growth is it anyway?
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. |
Every climate tipping point is deteriorating faster than models. 5C will be much faster than predicted, as methane release accelerates. I don't want to live in that extinction nightmare even if I am "lucky" to have survived.
Wikipedia details growth in the field of Thermophotovoltaic (TPV) energy conversion which, if applied to AI farms and industrial processes, would convert waste into power. Sandia National Laboratories has an infrared rectenna. Those, in addition to a grand potential for deep geothermal wells in every industrial setting and community, would heat homes, make steel, bake cement, produce fertilizer, charge cars, and rescue Europe from their vulnerability to Russian conquest in their energy weakened state. Political will has turned to seductive denial, following a heroic leader in scoffing at warnings from an 'intelligentsia' in academia. SEC policy in the US does allow a "Reg CF" route for non-millionaires to sponsor the advancement of breakout technology developments, …..but it gets worse.
Reg CF does not compel any of those startup spinoffs of Land Grant Universities or other institutions to make use of that tool. And despite the knowledge that outside of the half of all securities are owned by the top 1% of earners, another $680-billion is held by ordinary voters. They should have a secure way to buy guaranteed face-value US bonds that have an upside potential for their profit while voting for innovative startups with their dollars. Without the downside risk, and without government budget money being spent, every legitimate university's scientific research could be developed in-line with the major goals of our nation's interests.
Compare that with investment in AI? Private AI isn't going to be sought for anything but fast and easy profits, on Wall Street or in other financial gambits. Politics is where it'll shine, in control of masses of information on citizens and controlling access to jobs, education, advancement, resources, and news. It will enable regimes to stay in power. Only secondly will companies benefit by allowing them to profit more by doing less. No research for cutting-edge product introduction, nothing but ways to ensure their profits keep flowing and increasing without competition or hindrance. More money from what they do now. That's why politicians are funded by corporations.
China is the model for totalitarian control, but with AI lying out both sides of its stacks, Xi won't know who to shoot when he's contradicted by its output. Russia can listen to everyone, not only visitors and diplomats. How on earth will it cure cancer, solve traffic congestion, change the climate graphs? Easy, it will just change the graphs to what you'll feel happy about.
Oh and your a genius. The majority of normal Humans know this, how do you get to make out your clever?
It would be a much tougher job to find something that Trump was right about because in just about everything else he is wrong. Fact
Drill baby drill will fail. Scientists (geologists) have understood the geology of petroleum from the 1950s. Why volumes of discoveries have declined since the 1960s. Global crude oil production has declkned from 2018. Total global liquid fuels are on track, from actual real data, to decline from about 2027. By 2030s liquid fuel supplies will be inn short supply. Supply will meet the demand that has the ability to pay. Who will have the ability to pay? Transport, mining, agriculture petrochemicals and plastics all negatively impacted.
Global warming is already accelerating past the expected emissions caused warming, meaning positive feed back loops are already impacting.
Catastrophic global warming combined with fossil fuel depletion and record global debt. How many humans alive at 2100. My bet less than 2 billion.
If Dutch lithography machine maker ASML can capably produce chips with nano-scale tracks, it seems entirely likely that they'll apply that technology to sheets of Si substrate for nanorectenna production, on a much larger volume scale. Or maybe a thermal scanning probe nanolithography tool called NanoFrazor would be the choice for THz fabs? Scavenging waste heat from AI farms, electric-arc steel hearths, cement kilns, plasma-assisted nitrogen-fixation fertilizer plants, hot/cold walls of homes, shrouds for jet engines, etc., then leaving deep-drilled microwave geothermal to replace gas and oil for cars and the rest would add-up to very little carbon contribution or heat loss to our atmosphere. The litho machines cost a $billion, but with 2900 billionaires now, that doesn't seem like such a price to pay for a planet.
Professor Lindzen debunked all of this alarmist climate nonsense already and he IS the scientific expert in the field.
Thank you. Good to see serious, credible, and prominent experts speaking truth to power loud and clear.
Urgent for leaders like Al Gore, Steve Keen, Sheldon Whitehouse, and many others to create a formal body of some kind to stop the nonsense coming out of the current US administration.
Am I missing something. Even if the probability of an extinction event is less then 1%, but non-trivial, shouldn’t the expected payoff (everyone dies) lead to an all out effort to prevent the event?
Ok, so there are errors in the methodology. How do you integrate the effect of climate changes and impact on insurance companies and their actuarial predictions?
Why is the word "climate **ange" censored in the entire video??
Does Youtube ban such content? 😮
noticed this in the video – technically yes. It would ding the info bar under a video warning videos what the video is about- which would effect viewer demo and therefore video reach and views on politically sensitive content
@thecmikepro youtube algo has become so dumb…
The answer about economic impact of climate change should had (and should be): "We don't know".
"I don't know" is a valid answer, but doesn't allow to get high wages, high visibility or media coverage.
Than some, too many, go "creative" to forecast what their mindset, caduality, … or what the "client" could like more to see as result of the study.
An answer, whatever it is,it is more comforting than having nothing as an answer.
Some angry commenter in Richard Wolff's channel was crying because he didn't use numbers and data on his YouTube shows so I suggested he come check out Steve Keen. Then he said you were way better than Wolff 😅.
I would vote for you if i could, but im in the wrong state. Will you be a candidate in the coming election?
These fascists will say any old convenient lie and call it there 1st amendment right.
I've gotta move to northern Europe or something. This country is turd in a bowl at this point.
All this coming from a man claiming Australian house prices were going to drop over 50% , keen has a very limited view on how the economy and things work, those off us like me have a much deeper understanding off this world then the average person.
The chronic re-construction will add to GDP; therefore, happy days are here, again.🤣
Did anyone else wonder how in the heck did climate change economists ever build a predictive model for climate breakdown and maintain a straight face? Do they not teach none-linear dynamics (system sensitivity to initial conditions aka the butterfly effect) at economics kindergarten. The fact that short term predictions have already been demonstrated to be conservative at best, this could imply very bad news in the mid to long term; considering the inherent uncertainty… it's possibly going to be a lot worse than is currently projected. Ignoring that possibility is a failure indicative of incompetence or 'special interest'.
Fave internet quote (sums up the attitude nicely): 'Yeah, we should just not give a ****, cause we're all ****ed and there's nothing we can do' 😉
Regardless of the merits of the arguments, the ‘TopEconomist’ in this title reeks of insecurity and appeal to authority. ‘Top’ by what metrics, by what I can see, Steve has never published a single article in an even somewhat reputable journal (and I’m not saying ‘Top 5 or bust’, I mean not even good field journals, were talk D-level journals), and none of them are well-cited or impactful, and he’s never held a faculty position at any upper level department. He has a couple of well-selling pop Econ books but Dinesh D’Souza does too for pop history and I don’t think anyone would argue he’s a ‘Top Historian’. I’m not being pedantic when you put that in every video title it’s an embarrassing insecure appeal to authority, be better than that.