POLITICAL THEORY - John Maynard Keynes

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Title	:	POLITICAL THEORY - John Maynard Keynes
Lasting	:	11.18
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Those numbers on global poverty are from the World Bank, so they're obviously bias #Cap
Comment from : Kel

I love how this video marks the passage of time with the use of Automobiles Such a nice touch
Comment from : Alex Spadge

عام ١٩٣٦ تظهر النظرية العامة للتشغيل و الفاءدة و النقود للعبقري الانساني الانجلوسكسوني البروتستنتي جوهن منار كينز في هذا العام يا سبحان الله ترحل عاءلة الشهيد الجليل الجزاءري العربي بن مهيدي من مدينة باتنة الى مدينة بسكرة التي تاريخيا تزوج من بناتها العلامة عبد الرحمان بن خلدون صاحب المقدمة التي تكلمت عن مفهوم الطلب الفعال و الدولة هي السوق الاعظم و انما القيم مكاسب الاعمال و ذلك في باب المعاش اي الاقتصاد نضجت ثمرة فكر الاخ العربي في بسكرة الزيبان و كان بعد سنين من مفجري ثورة التحرير الجزاءرية و من كتبة بيان اول نوفمبر و فيه اقامة الدولة الجزاءرية في اطار المباديء الاسلامية و دولة اطتماعية ديمقراطية و هي الترجمة الكينزية العامة العبقرية في هذا البيان و هذا مذهل و من الغريب ان ام بن مهيدي اسمها عاءشة قاضي بنت حمو و ام رفيقه بن بولعيد اسمها عاءشة ابركان يا سبحان الله ابني عاءشة تيمنا بامنا عاءشة ام المؤمنين هما كينزيين بعديين و هذا عجب و هناك عبقريين اخرين من هذه الثورة هما بوصوف و عبان قرءا و فهما عن الحرب لكلاوزويتس و الحق ان فهم الاول اجدر من فهم الثاني فحرب الشعب تختلف عن الحرب التقليدية yes in my opinion we must invest again and always in the general theory keynes was a human genus he was mathematician probabilist economist historian and artist he was born when marx died and was maried with an artist russian women yes not a bolchovic one but a russian one and he was died at the age of 63 years the same age of our prophet mohammad in my opinion i cosider him as the josephe of the modern economy like the josephe in the coran the minister of economy and finance of the polytheist egyptian stste from zarfa the son of tobna and alkahina the algerian and the simite
Comment from : Kherachi Kadour

Indonesia KOLAPS utangnya terlalu banyak
Comment from : Ir One

When facts change, I change my mind, do you?!
Comment from : Mohamed Hassan

Wrong, Sir! Wrong! brKeynes is a fool! brBasic economics teaches and proves that price floors and ceilings will lead to shortages or surpluses So the federal reserve setting prices for the captial markets is obviously a stupid idea!
Comment from : Jacob Ramirez

Mr Keynes Philosophy was a great concept, but what we all refuse to see, is the things we ignore because of how the design feeds the people, that help them lose their power We have create a political life of me, me, me, which is a dictators life, no matter if it looks good, but me, me, me is not right Who ignore representing what they suppose to do, and set around trying to solve the problem they create, by the me, me, me theory the system always put down Who use their dictators theory to move things different ways, which by doing it, they have to take something out, and we all know what will happen with the system they take out I myself believes when one get in politic, the first four years they should have the run of the system about how the me, me, me plays Who came from a community that they see, and hear many things that not flowing right in the system, by being deprived that been there just as long as the birth of the community creation Where most join the me, me, me concept because the sound takes over what they really supposed to be representing That when every party reaches control of any political office, the bad, or good dictatorship will come in place That they all forget about the blueprint that were put in place Who create all kinds of talk show to bring the people along with the me, me, me concept, so they will not get the true understanding of the real rules in what our political system supposed to be doing That's not a new thing because we the people are naturally conditioned to breaking the rules in how things were setup The religion life of all kinds will tell us, and the so called the way of life theories They all get head strong to take on the me, me, me concept Where their theory is power, and no challenges are greater than what they put down They only have the rule in words, not in action, is why we see the violent reaction taking place in everywhere throughout the country, and world We are living proudly to go against the grain of nature, meaning nature going one way, and we the people going the opposite way, but for a life time our representative know it I wonder why they know it, and refuse to change the course Is it because the me, me, me have put one of the greatest addiction in the political life
Comment from : Heyward Sanders

Alfonso David Vargas III
Comment from : Rocket league 24

Paedophile
Comment from : Dusty Vagabond

John Maynard keynes is the greatest economoist of the 20th century I'll remember that when all you idiots realize that the USA federal reserve balance sheet has 10 trillion dollars, and unwinding that debt will crash every market in the USA, and has crashed bitcoin, and every cryptocurrency, and several countries, from merely the USA unwinding the federal reserve debt No my friends John Maynard Keynes is what people say when they want the government to take more control of the markets
Comment from : David Analyst

“In the long run we’re ok The next generation are dead” - Keynes on how the debt burden of his model is paid by a cost of living crisis in future
Comment from : Dan B

Tax revenue is revenue the government doesn’t have If a government worker gets paid 100K but pays 30K in tax , that is not 30K tax revenue That’s the government paying someone 70K
Comment from : Rough Habit

People discuss wheter they WOULD go back in time and kill baby Hitler If you really wanted to save the world, this baby is the one you should kill
Comment from : Teikon Gom

04:49 If interest rates are reduced, how would this encourage savers to invest their money? Ah, because savers would not find it profitable to put their money in banks due to low interest rates, and more people would be willing to avail loans from banks because of the reduced interest rates N'est pas?
Comment from : Abc Xyz

Save money on unemployment benefits? Just don't fucking give unemployment benefits?
Comment from : Guilherme sampaio de oliveira

The level of unemployment in the US in 1929 was caused by state intervention
Comment from : Guilherme sampaio de oliveira

The peaks and trophs are there for a reason, market adjustment
Comment from : Guilherme sampaio de oliveira

What's always hidden about Keynes is that he was a known pederast History (those who make it) like to cover these things up
Comment from : Jeremy James

wonderful ,pithy explanations for students and lay people
Comment from : nancy wysemen

who coined the term "trickle-down" or trickle-up, and what was Keynes' idea? seems like it's been debunked another elite who thinks they can plan the whole world?
Comment from : Jason

This helps to explain many bad decisions made by governments Another intellectual strikes again
Comment from : P O

Pedophile and Fabian Society memberbrbrPerhaps also a eugenicist as his peersbrbrFuck him, he's the cause of our miserybrbrControl of central banking is one of planks of Commie MANIFESTObrbrThey plan to blow up the individual central banks by 2030 and make IMF WB BIS the only central bank for the worldbrbrRot in hellbrbrAnyway by 2045, his system ends and will be replaced by free market Austrian economics
Comment from : Neti Neti

What a wonderful explanation! So easy to understand and it all comes alive in the pictures :) Thank you for your videos!
Comment from : Elina Oberemok

I find it interesting that a lot of the School of Life videos go into the personal backgrounds of their subjects This is mostly because one's life story shouldn't really affect the validity of the things they believed or argued Accounting for someone's illogicality but supposing that they are merely trying to right the wrongs of their own personal demons is in itself a logical fallacy brbrYet, going into the background of these thinkers is still significantly important for two distinct reasons, each enlivened based on whether the argument in question is right or wrong If an argument is correct and useful it gives us an indication of the kinds of contexts that fuel or create an impetus for certain thoughts and ideas, giving us an idea of what circumstances we might want to conjure in order to bring about similar innovations Conversely, where a bad or illogical argument is made, it is important to try and account for why it was made in the first place Perhaps a certain social context intoxicated a person's capacity to think logically, yet their ideas were nevertheless compelling, springing force a charismatic, yet flawed ideology or philosophy
Comment from : Jimmy Bernasconi

Keynes the father of modern money printing and inflation
Comment from : Paolo Guerrero

Pure genius
Comment from : MAZUZE MARKETING

Did Keynes ever see a television commercial for automobiles? What did he say about Planned Obsolescence? brbrWhat has happened to the annual depreciation of automobiles since Sputnik? That was 11 years after Keynes died Technology changes economics but our miseducational system does not do a competent job of teaching eitherbrbrWhat is NDP? What is the annual depreciation of Apple consumer products
Comment from : psikeyhackr

@3:50 why was the third cause of unemployment completely ignored? Keynes' solution to unemployment is just an attempt to sweep the third cause of unemployment under the rug
Comment from : Demoral

Just a note The political left is very critical of Keynes We dont want to soften capitalism -- we want to supplant it with socialism
Comment from : James Carter

10:03 y pensar que todavía al día de hoy hay talibanes neoliberales que se creen liberales y, aún con la existencia de Google, no saben lo que significa neoliberal Nunca pensaron en agarrar un libro estos liberfachos
Comment from : Guy Fawkes

Yeah!
Comment from : Australia Cricket

This is an excellent and well-made video and of high quality for such a short film it is certainly worthy of my acclaim brbrI had always wanted to learn about Keynesian economics for months now but forgot about it or postponed it I watched a video about it produced by Khan Academy but the video was exceptionally boring and too slow-paced for my liking and I exited after a couple of minutes of watch time This video however was amazing and it got me hooked and easily explained the entire concept of Keynesian economics without boring me or using complex terms I don't know the definition of, thank you
Comment from : thinkersreasoning

Can someone explain to me why Mises and Rothbard and the Austrian school is considered no longer “relevant” in economics and why economists despise them ? I find a lot of truth to what they say
Comment from : Cultivated Neurosis

Keynes teori can maybee work if you have a goldstandard The problem with the teori is democraty Now both the left and right use goverment as a bank Printing money and stimulus the economy can go deadly wrong We have had 0 interest rate how long? And no inflation come? Now inflation is 9 and we going in to recession and the centralbanks think they can increase rate without crashing evrything l hope offcourse lam wrong
Comment from : Mikael Grad

This is such an amazing video Gave me a whole different way of thinking economically Thank you
Comment from : cosmas Chibombwe

Keynes got all his clout by telling the worlds rulers what they wanted to hear: That they could devalue peoples savings, printing the money into their own pockets to spend, and that they would be morally justified in doing so But just as theorized years ago by his detractors, we are seeing the runaway inflation fruits of his ideology
Comment from : 555salt

'To impose fines upon countries running large trade surpluses or deficits"brHey what are you trying to say stamping over the United States and China? Lol, he's not trying to say that the United States sends empty shipping containers to China is he?
Comment from : DiabolicDoug

These theories have been disastrous to the world Every major economy is now is serious dept, goverments are still expanding and all the politicians are richer than ever Guess who is going to be on the hook for all of it? not the rich politicians
Comment from : Matt Hylkema

Which country is at 6:17?
Comment from : Asger Hashim

6:15 'keynes needed to persuade his audience to act contrary to their, simpler, more basic instincts' Seems astonishingly similar to what Friedman and Sowell are proclaiming, even tho being at the opposite side
Comment from : Erhan 12

Because of him, he spawned a banking system that perpetually feeds itself through a debt/growth paradoxbrNow every economy has a central bank brTo control : money employment and interest
Comment from : EconomiVision

yet the idiotic keynes never said that tax the rich 50 and reduce taxes to 5 on low income groups to bring balance to the spending and not make the rich even richer If rich aren't taxed, they will increase the prices of luxury goods which become harder and harder for the common man to achieve To reduce income disparity, you;re not only supposed to subsidse for the low income group but make their dreams more seem more achievable The goal isn;t to just live but to rise out of poverty and move to the next level of income group Otherwise it will just lead to hyperinflation where only the rich can afford luxuries because prices of luxury items are so inflated and with depreciating value of money, the common man will only end up being able to afford necessities
Comment from : DeejaySiesta

🎂John Maynard Keynes 06-05-2022
Comment from : By the Way

I think you should be awarded for your lovely voice
Comment from : Ramila Ghimire

Bloomsbury was not a group of schoolarsthey were proto hippies
Comment from : manini

If he was born today in the US, he would be branded as a Communist!
Comment from : YJ

Keynes assisted in that Churchill asshole's famine devising Needs to be said
Comment from : Ashish Ranjan

Based
Comment from : Random Name

Just ask yourself, when your employer who is a million dollar richer than you says the wage need to be lower or the company is going under, would your average worker agree?
Comment from : Master Sonogashira

Namaskar, por favor trabajo en equipo colaboraciones con visualpolitik,el dalailama, sadhguru la india el tibet Joe rogan, jordi wild,Joe rogan,
Comment from : kirtan musica

Well in both frames of economic theory we can agree that state intervention during bad times can counter depression and during good times can provide economical guidelines It's just that one model has strict monetary policy compared to the other In my opinion during the long term we can boost on supply side but during time of depression we can drive demand however artificial demand from the state should be avoided unless a robust framework is developedbailouts to one company should be outlawed to counter corruption instead to provide those companies required funding the state should buy their bonds or to have a stake in the company turning it into a state influenced company This way when the economy recovers money flows back to the state which can be used for welfare/a repeat of what happened here to soften impacts of recession
Comment from : The Chaos Gamer

"John Maynard Keynes was arguably the greatest economist of the 20th century"brbr"Arguably" is rather understating it
Comment from : Lee Gee

In the long run we are all readbrThat's iconicbrIt's not something we can say everytime but in some situation it is important
Comment from : yy dd

Boy was he wrong
Comment from : Tamara Zora

b**Laugh in Austrian economics**/bbrKeynesian economics sucks
Comment from : HispanoVirreinal_69

How I wish to learn this vid easily 😂 Although this is already digested, my mind is still on process understanding the vids HAHAHHAHA
Comment from : Nuraipa Guialudin

capitalist pigs,,
Comment from : Dr Cetin ile meditasyon

Government intervention is what creates the problem so how can government intervention solve a problem that it created in the first place?
Comment from : Jean Paz

Too bad Friedman and Hayek didn't live long enough to see the triumphant second coming of Lord Keynes
Comment from : Diego Miguel Rodriguez

In short: governments are not households, they are companies
Comment from : matthias müller

This guys was an idiot A tool of the elites
Comment from : Jason Bourne

I think if Keynes would live today, he would've counterchecked his ideas I think the problem in economics is not unemployment per se (due to lack of demands) There is absolutely NEVERENDING DEMANDS in life and work Unemployment may be caused by workers being tired and exhausted of the exploitive system and the pressure that they need to supply the scarce
Comment from : Nica Guieb

All well and good until some important commoddity becomes rare and inflation starts to work its way through the system
Comment from : Mark Alley

What happening now it will be interesting to know what John Meynard Keynes thinks the political capture where Corporation rules over govts, regulations chip away in favour of Corporations, the IMF and WB Structural Adjustment Policies is being used to capture countries and bring them down to their knees in debts The latest is the p l a n d e m i c
Comment from : Elena Stone

Long-story short, stimulating short-run demand through stimulus really only has the effect of inflation, whereby those who would otherwise have jobs without such stimulus are effectively taxed by having their currency worth less, which is unavoidable, since demand is increasing without a proportionate increase in supply
Comment from : Herb Sewell

Please make a video on Antonio Gramsci
Comment from : Bhagwati Prasad

Another "expert" making things worse
Comment from : TxMedRgr

Milton Friedman, a (perhaps much more) brilliant man, was the greatest economist of the 20th century That said, he had great respect for Keynes as a scientist Keynes was probably fine, but his followers that insisted that his general economic theory solved all economic problems became the face of Keynesianism, and were the reason that people came to hate Keynes himself
Comment from : Salsuginus Rex

Bologne Keynsian economics finds justification in intervention from problems caused by previous intervention A political economy is a corrupt economy
Comment from : Raymond Dunne

Is Keynes why we are 28 trillion in debt?
Comment from : Joe Mahony

great work really outstanding!! brcould you please mention the references too?
Comment from : Ahmed Rashid

good video 👍 thank you
Comment from : MrSchnitzel

Hello, thank you for good content! I highly appreciate your channel
Comment from : Gulshan Alizada

Just a few extra comments to add to this succinct summary on Keynes His "Economic Consequences of the Peace" has remarkable psychological insight into Lloyd George, Clemenceau and Wilson and predicted the inevitability of WW2 nearly 20 years before it happened A brilliant beautifully-written Tour de Force On the minus side, he was pretty dismissive about Social Credit with economic remedies similar to his own I think that he was rather mean in the General Theory to Henry George et al - and sneakily diverted attention from them by going back to Mandeville's obscure and ancient Parable of the Bees as a primitive progenitor of Keynesianism He well knew the workings of Social Credit because when working on the 1929 Liberal Party manifesto he collaborated closely with a leading Social Creditor - Eimar O'Duffy - one of the few authors whose empathy and savage wit exceeded even the great Keynes himself
Comment from : Mike Hayes

Britain would have been better off continuing Keynesian policies into the 80's rather than going down the neoliberal route with peak North Sea oil revenues being invested instead in infrastructure, rather than tax cuts for the rich!
Comment from : Stephen Chappell

"keynesianismis like a ponzi scheme"-man with an iq of 82
Comment from : M M

I think we are all seeing that government spending in a down turn does not help
Comment from : Beef Supreme

This is just such an awesome presentation on Keynes and Keynesianism, just look at FDR and USA growth in 1930's, 1940's pre world war 2, he was a witness to the madness of the Versailles agreement post WWI
Comment from : Mike Murdoch

Its a good thing our systems aren't fettered with corruption, overbearing regulations, and overtaxation Clearly we just have a bit of injection here, and some wise regulations when needed Could you imagine though?
Comment from : David Johnson

People still think Keynes was right?
Comment from : TheDoctor

That is comical that he thinks that government intervention could smooth out peaks and valley in the economy which are caused by corruption Only problem is the biggest player of corruption is the thr one injecting the money, the government The trickle down effect is for the most part a fallacy The ones that benefit most are the ones closest to the money printerbrIt is interesting that Keynesian economics is what is taught in schools today, not Austrian economics The left runs most schools and acedemia in general and have great concern for the environment and climate change etc But Keynesian economics it key controlling principal is based on increasing demand, consumerism/materialism that is the direct cause of their environmental concerns They are claiming they have the cure when they are the disease
Comment from : DIY Garage Door Parts

bKEYNES ES LA BASURA👎 GENERAL, PORQUE INCLUSO ÉL MISMO EN UNO DE SUS CAPÍTULOS; LE CANTA UNA "ODA" A HITLER 😠/b
Comment from : 🧢 Pipo Fenix♪

Thank this wanker for inflation, central banks and ever bigger government spending and debt
Comment from : Santiago S

So good Loved this video, the story, the animation, the delivery Quite excellent!
Comment from : Lucy V

wow this altered my view on Keynes if he is willing to change this conclusions if data is different like in science that is great
Comment from : Decebal825

Would like to know what Keynes would think of the debt racked up by countries who took out loans from the World Bank/IMF how they will ever be free of it
Comment from : TFHH

Keynes does not explain stagflation because it does not factor into the plan the fact that the economies are run by politicians Politicians will never implement the payback phase They always choose to pass the debt along to the next office holder so the retraction it causes will not happen on their watch Also it is a plan that can work when implemented in a small retraction that has occurred for the reason of loss of confidence by the people But it will not work during retractions that occurs for fundamental structural economic issues Kind of like if your car will not run because it is out of gas, putting a new engine into it will not fix the problem But when implemented it must be ended with repayment of the borrowed money, something politicians do not like to do Modern economists don't seem to understand this and always want to use the same borrow and spend fix when the economy takes a dive pushing the economy deeper into the problem but pushing the collapse into the future
Comment from : Lawrence Thompson