Hearted Youtube comments on Garys Economics (@garyseconomics) channel.
-
249
-
248
-
245
-
245
-
244
-
244
-
243
-
242
-
242
-
241
-
240
-
238
-
238
-
238
-
237
-
236
-
233
-
232
-
229
-
Heya, an old regular viewer here from Mexico.
What you explain today, this happened in my lifetime in my country twice (or 3 times, we discuss still when was the end of one crisis) and we became tied to such a huge debt that no mater how much we increased productivity (with terrible working conditions for the people, people loosing their homes, loans they ended up paying 3 or 4-fold, privatization of from around 500 state companies to having a hand full that over time were left to become shambles (including our national petrol company), massive migration and entry of remittances, exporting everything we possibly can, etc...) we are still just paying the interest on the debt, have not scratched the debt from the 80s and 90s at all. It forced our society to such extreme pain we ended up with at the time the richest man in the world and a country with over 60% poverty and of that 30% in misery (the ultra-poor)... It is baffling to me that 2 decades later, some of rich countries got into the same bondage structure, little by little, it's as if they are not realizing what they have been doing, or, it is on purpose.
I really enjoy your channel! Take care
228
-
228
-
227
-
227
-
226
-
226
-
223
-
223
-
222
-
222
-
Gary drops these videos on Sunday mornings like a sermon from a pastor 😂 I'm a British-Ghanaian, and Ghana is horrendously unequal, poor, and the real estate sector is booming. The apartments being built are small in comparison to traditional Ghanaian homes, and start at $50k. Increasingly, the home owners in Accra are diasporans like my family, renting to local people, who are totally priced out. My relatives went to Ghana to work for think-tanks and paid nothing in Ghanaian income tax. Nothing works in Ghana, nothing. Even with an income of £40-50k, you're struggling for everything, because the infrastructure is awful. No water for days on end, you rely on a poly tank. You need a generator for electricity. My sister was electrocuted because there was a surge in the local grid that is poorly maintained. There's no proper road in many places. British people today have no idea what awaits them if they allow inequality to cannibalise their economy.
221
-
221
-
221
-
221
-
219
-
219
-
219
-
218
-
218
-
217
-
214
-
211
-
210
-
209
-
209
-
209
-
209
-
208
-
I went to Oxford age 18, from a comprehensive in 1994, and it was the biggest eye-opener of my life when it came to class, power and money. It's a great experience in terms of giving you confidence to stand by your opinions, and I made a few very good friends. But I honestly never realised before going there how the rich elite look down on the rest of us. People would introduce themselves by their schools and would immediately become friends, and do a kind of bemused sneer at the few of us not from that clique. For a couple of years I thought to myself that if I had kids I would definitely send them to public school, so they could be on the 'inside'... but then I realised how corrupt and poisonous the whole system is, and I evolved to thinking that we just need to ban all public/private schools in the UK. It's at the root of so many societal problems. I think Oxford gives you a great academic, critical thinking discipline. But they are in their own academic bubble... for postgrad I am doing my masters with the Center for Alternative Technology in Wales (I am more biology/food focused), which is both academic and politically radical, and a much more enjoyable experience!
205
-
202
-
202