Economic Perspectives: Keynes and Hayek

Social Studies 10 - Related Issue III
Economic Globalization

[DeepDiveNFT]

Individualism should not have a negative connotation added to it. Individuals create and invent things all throughout history and if the invention is valuable enough eventually everyone in the collective group benefits from the individuals actions.

[angeleiperuda]

Wow been camping in our library for days til i decided to visit youtube for help, that was short and concise, well explained thank you so much!

[loganjacques]

This is very well done. Which program did you use to make this? Thank you

[bozimmerman]

I like the Keynes = kids analogy. If you think you are a child, too weak to affect your own life, too dumb to make wise decisions, then you want a powerful state, like a stern daddy, to grow a big mustache and steer your life the way He thinks best.
If you think you are an adult, and deserve respect, well, that's Hayek.

[mabhandimutsawashe]

I loved the economic spectrum... Thank you 🤗

[doubleminty]

Really well explained for people like me 😅thank you !

[neilanderson]

At 1:18, she says that according to the Right, or Individualism or Capitalism, the needs of each individual is greater than the needs of the whole group. That's an unfair assessment. What "needs" could she be talking about other than Freedom? And does that notion include Anarchy, which is what society desolves into without any Laws, which are a society's voluntary agreements to put limits on individuals' freedoms?

[happy_thinking]

One idea is better than the other and history has shown that. Name any country where individual rights are protected and I will show you a prosperous and stable country. Also, higher taxes and social policies aren't socialist per se.

You could in theory pay out dividends to society as a whole a.k.a ideas like UBI or NIT. Also, collective ownership is not an issue in capitalism, collective management is.

People can own stocks in any company and they do. Most tech companies for example are owned by the people who created them.

Historically capitalism has had the best track record of any system. Socialism is garbage and capitalism with socialist policies is okay-ish.

[Google_Censored_Commenter]

So overly simplistic it almost makes the video worthless, almost.