Market Economy: Crash Course Government and Politics #46

Today, we’re going to take a look at how the government plays a role in the economy. Specifically, the way the government creates and maintains our market economic system. Now sure, the government’s role in the economy can be controversial, some may even say completely unnecessary. But there are some deficiencies in a free market, and we’re going to look at those, and the tools the government uses to combat those issues in maintaining a healthy and stable economy.

All attributed images are licensed under Creative Commons by Attribution 4.0

Want to find Crash Course elsewhere on the internet?

[mustang]

Two economists are stranded on a desert island. One month later they've each made a million dollars by trading their hats back and forth.

[adamantium]

The Crash Course series has saved millions of high school AP students the night before the AP Test. Praise be to Crash Course.

[stphnmrrs]

1:40 So when do we get Crash Course Political Philosophy?

[merrymachiavelli]

I find it interesting how this video would be taken in very different ways by people in different countries. For example, the proposition that government is important in the economy is much less controversial to a Western European audience - the only significant argument there would be one of degree.

For a Chinese audience, that may go even further, with a large level of government involvement in the economy viewed as essential for prosperity.

For an audience from some sub-saharan African countries, I imagine this message is met either with a derision or remorse, given that corruption and political instability occurs there on a scale in just doesn't in the US or Western Europe.

For a country governed under Shari-ah, the intertwining of law, religion and government seems like it alters some aspects of the debate entirely.

The mental link between free market economics and personal freedom, as well as the ideological emphasis on freedom itself, is a something particularly pronounced in the US for cultural reasons. Hearing how much less individualistic cultures, like that of Japan for instance, react to the same ideas would be interesting.

[hlldrp]

I feel like this did so much better giving a basic explanation of economics than the actual Crash Course show ever has.

[guentherhunter]

"Markets can't exist without government". Ya tell that to the black market.

[BobBob-xnsp]

What about bitcoin? Who governs that? That is certainly an independant market without a government.

[sharknado]

I only came here because i saw walter white and jesse in the thumbnail

[acerockman]

"The freer the market the freer the people"
Also I liked that lost reference

[tatianatub]

hey but you have a channel dedicated to economy why is this not a crossover episode

[economath]

"But history has shown that corporations, individuals, AND EVEN GOVERNMENT have often tried to stifle competition and create monopolies." FIFY.

[SarahDarkhand]

Imagine genuinely believing the government and economy are opposed to one another

[omohosp]

Thanks for the help on my economics homework. 🤙🏼

[ramirohinojos]

Breaking Bad on Crash Course History. Never thought id see the day.

[SchiferlED]

Look out! It's another logical, unbiased, and realistic video about the merits of government in a market!

[aabhablacksheep]

In my bus sleeping and just playing this as an audio helped me revise a whole subtopic. Crash course is seriously the best.

[bugi]

Question .... how was agriculture affected by the expansion of a market economy?

[samarahusain]

You guys are doing an amazing job! however u could add a written summary of the video like a document study guide thing. That would help a lot of people who have problems in following the video.

[Kneedragon]

5:40. As an Australian aviation enthusiast, I note that the US government is in fact looking into privatising some or all the US air traffic control system, which has most of the US aviation industry very nervous.

[ShaikhMohammedYunus]

can you please do videos on Adam Smith's "wealth of nations"? i know books are kinda big....but summaries will do