Culture in Decline | Episode #2 “Economics 101” by Peter Joseph

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Video Rating: 4 / 5

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17 comments

  1. Thanks Peter! Accountability is the key… 

  2. What I don’t see is an counterargument to the reasoning that if resources
    were to decline, the price in itself would progressively rise and therefore
    drive a transition to alternative resources. In this sense it IS inherent
    to the pricing mechanism, at least to SOME extent… to say anything
    different is nothing but insane. But sure, maybe the scarcity of a resource
    is ignored during some period when there’s so much of it that no body
    really cares… but that in itself isn’t a guarantee that the scarcity of
    the resource in the end won’t be accounted for. 

  3. I feel like Joseph was pranked by some billionaire with a huge donation
    along with the feigned desire stated to see some humor injected into the
    program… Although maybe they’re all like this? About to find out, they’re
    still good.

  4. Louie is my hero.

  5. 4/10

  6. Ricardo Goncalves

    Culture in Decline | Episode #2 “Economics 101” by Peter Joseph

  7. “You see, at the core of the economic calculation problem is really the
    argument that we are completely irrational, that we can’t possibly be
    organized in a way that is structurally efficient.. we’re too insane
    essentially. Therefore we have to a general economic anarchy to organize
    our society and there’s no other way around it…. BULLSHIT!”

  8. Amazing episode. Now for the rest :D

  9. Actually drugs aren’t allowed to be advertised on television anywhere in
    the Western world other than the United States that I know of.

  10. Ipoop. Greatest idea ever

  11. >Macroeconomics
    Yup…mostly useless.
    >Microeconomics
    Mostly common sense.

  12. When I first saw this and the Zeitgeist movies (about 7 weeks ago now), I
    couldn’t help but agree with much of the criticism and all the proposed
    reasons and conclusions seemed to make good sense – yet many of the
    subjects were indeed out of my knowledge spectrum, and this made me very
    much at unease.
    Right after watching Zeitgeist: Moving Forward I felt so intimidated, not
    only because of the extremely radical paradigm shift – but because I
    suddenly felt a huge burden on myself to prove this enormous amount of
    claims the film made.

    Recently, however, I studied what might be translated to “history of
    science philosophy”, and found things like positivism and guys like Popper
    and Kuhn.

    Positivism generally said that science should be as objective as possible,
    and that we should prove everything through evidence, while Popper put
    forward the idea that everything we conclude is always subjective (to be
    square: because even if we have a billion tests that proves something, we
    cannot be sure that it will hold true for an infinity of cases).
    Therefore the most significant progress of science comes from *disproving*theories, because if a theory doesn’t hold up in all claimed areas, then
    it’s surely wrong. It’s important to mention, of course, that he also
    recognized that only falsifiable theories have value. Otherwise any
    superstition could be claimed valid.

    Generally it has put some mental pressure off of me since I’ve realized
    that I’ll never achieve an objective view. I’ve just recognized that in
    order to learn and adapt my knowledge, I’ll have to learn to distinguish my
    concrete life experiences from my convictions and beliefs, and always be
    able to question them openly. That way, I’ll be as prepared as possible for
    future paradigm shifts, as new experiences unfold.

    Anyway, I enjoyed this series. It has its flaws – and sometimes I feel like
    it becomes a little too humorous and a little too less broadly informative
    – but you still did a great job, and I hope that I’ll have researched
    enough to back up all the claims TZM’s making, one day, and make my own
    understanding, based on evidence I actually know of, firsthand.
    I hope “The Zeitgeist Movement Defined” book will help speed up this
    process, and simplify much of the confusion. Sometimes I feel like Peter
    Joseph doesn’t go deep enough himself, and there probably is reasons for
    that (beyond that nobody’s perfect), but overall I know that advocates of
    TZM know a lot more in many subjects than I do, so I hope they’ll be able
    to break it down, into an as objective and neutral way as possible.
    For example, I hope that they will stick to their own advocating of logical
    reasoning and actually draw lines between their own opinions, what they
    have actually experienced and what they are told from other sources. For
    one, I enjoyed Federico Pistono’s humility in “Robots Will Steal Your Job,
    But That’s OK”, and I hope a similar one will be in this book.

    Good luck, and thank you for all the effort you’ve put into this. May we
    see a better future before the point of no return.

  13. Love the theme song <3! 

  14. I believe Peter does not really understand what dynamic Pareto efficiency
    implies. 

  15. Where is the evidence for a “barter” system in the neolithic? a far as I am
    aware, some of the first evidences’ of ‘economy’ is in writings pertaining
    indebtedness; as such, is it not logical to ascertain that the history of
    economy IS the history of debt?

  16. NoIdontWant ToGiveYouMyLastName

    does he have to dress and look like a Satanist as he judges humanity. its
    hard to get people to listen and the look dose turn ppl off. that fact that
    he only wears black make him look a little too particular

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