Here's a little discussion about the future of the economy, finance, and investment, different schools or paradigms of economics, a couple of funny stories, and more.
Thank you Umair. These videos are really helpful. You are right; we Americans are so marinated in American economics, (along with our “exceptionalism” ) we cannot see the bigger picture unless it is pointed out to us. Thank you for broadening the screen.
I graduated from college 35 years ago. In college my goal was to help create universal healthcare in the USA. Seems like we’re further away from it today than back then, rather than it finally being within reach…
I spent a summer during college working in London in a crappy retail job for the experience of living outside the US…and since the late 90’s I’ve felt like I no longer fit in my country. I believe that education, healthcare, elder care, and things like public transportation should be the foundations of a healthy society. I would happily pay more taxes if I could not worry about spending my next 2 or 3 decades in poverty.
Very interesting. I’m in Australia but am interested in the happenings in the USA. This wasn’t completely new information but the next question is why has this been chosen. My limited time with Americans led me to the opinion that they were obsessed with “socialism” as something that should be shunned and avoided. I came across an opinion once that it originated from white citizens being against any sort of spending on healthcare etc as coloured people would benefit and that was totally unacceptable. What do you think?
I think the roots of the fear of socialism lie more in the Cold War era, where it became a national enemy promoted by the defense industry which had to find a way to profit once WWII was over. I remember the adults being so scared of getting into a nuclear war with Russia/Cuba - as in actually terrified. As a little kid, I hid under a school desk in drills for a bomb being dropped. Questioning the logic of a desk being a safe spot in a nuclear war never entered into my mind until years later...
This fear was guided into the "they are taking your money and giving it to someone who doesn't deserve it" mindset, and calling it socialism is more acceptable than calling it racism. It's amazing how some will twist themselves into knots to avoid admitting what they actually believe, while others proudly announce that they are fascists without bothering to think it through to a logical ending.
Any comment on the "American way" of Socializing big business? The "too big to (allow to) fail" model? The tax relief in return for jobs (many of which don't pay a living wage)?
There is socialism in the U.S. model, just not for the people.
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, PROMOTE THE GENERAL WELFARE, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
I am continually surprised that more U.S. citizens seem to remember the part that grants them the right to own guns.
Thank you Umair. These videos are really helpful. You are right; we Americans are so marinated in American economics, (along with our “exceptionalism” ) we cannot see the bigger picture unless it is pointed out to us. Thank you for broadening the screen.
I graduated from college 35 years ago. In college my goal was to help create universal healthcare in the USA. Seems like we’re further away from it today than back then, rather than it finally being within reach…
I spent a summer during college working in London in a crappy retail job for the experience of living outside the US…and since the late 90’s I’ve felt like I no longer fit in my country. I believe that education, healthcare, elder care, and things like public transportation should be the foundations of a healthy society. I would happily pay more taxes if I could not worry about spending my next 2 or 3 decades in poverty.
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Very interesting. I’m in Australia but am interested in the happenings in the USA. This wasn’t completely new information but the next question is why has this been chosen. My limited time with Americans led me to the opinion that they were obsessed with “socialism” as something that should be shunned and avoided. I came across an opinion once that it originated from white citizens being against any sort of spending on healthcare etc as coloured people would benefit and that was totally unacceptable. What do you think?
I think the roots of the fear of socialism lie more in the Cold War era, where it became a national enemy promoted by the defense industry which had to find a way to profit once WWII was over. I remember the adults being so scared of getting into a nuclear war with Russia/Cuba - as in actually terrified. As a little kid, I hid under a school desk in drills for a bomb being dropped. Questioning the logic of a desk being a safe spot in a nuclear war never entered into my mind until years later...
This fear was guided into the "they are taking your money and giving it to someone who doesn't deserve it" mindset, and calling it socialism is more acceptable than calling it racism. It's amazing how some will twist themselves into knots to avoid admitting what they actually believe, while others proudly announce that they are fascists without bothering to think it through to a logical ending.
Love the Tshirt!
What's causing the sharp drop in gold over the past couple days (March 19-20)?
Q: Is America generating the necessary wealth and not directing it to create prosperity or have we become incapable of even generating the wealth?
Any comment on the "American way" of Socializing big business? The "too big to (allow to) fail" model? The tax relief in return for jobs (many of which don't pay a living wage)?
There is socialism in the U.S. model, just not for the people.
"We the People of the United States, in Order to form a more perfect Union, establish Justice, insure domestic Tranquility, provide for the common defense, PROMOTE THE GENERAL WELFARE, and secure the Blessings of Liberty to ourselves and our Posterity, do ordain and establish this Constitution for the United States of America."
I am continually surprised that more U.S. citizens seem to remember the part that grants them the right to own guns.
Hear! Hear!
Thank you again for being such a great teacher.
Be safe!
HUGS to everyone there, including Snowy!!!
Investing in a paradigm! Thank you for the kind reset.