Comments by "Curious Crow" (@CuriousCrow-mp4cx) on "Lies, damned lies, and economics | Gary Stevenson, Abby Innes, and Nadhim Zahawi" video.

  1. Lol. The Central Bank does not control markets. The markets control central banks, and the economics is dogma to justify favouring a form of Capitalism that uses finance to facilitate asset wealth transfers from the assetless poor and the asset-limited workers. The economics used was bollocks, because it took zero account of human greed, nor the structural inequalities that prevent the majority being subject to those with market power. Instead of the market being Democratic-adjacent institution, it has become an engine of oppression and inequality which is making very few people more money they could spend in a lifetime, whilst impoverishing everyone else over time. Human nature drives the market, and as well as useful and constructive traits, there are also traits that have to monitored and controlled for the safety of every society. So, no; the economics was naively dangerous. Hayek et al. were ideological ldealists of the most naive kind. They hadn't even read economic or financial history, or they would have realised that their framework was old wine in new bottles which would turn sour, as it did centuries beforehand in Rome, Greece, and elsewhere, repeated the very same fundamental mistakes. Now Capitalism has turned to a new feudalism, with a new feudal class preferring to speculate and grift, rather than invest productively. And they have neutered the state, and thus, it will need a huge concerted effort to pull their claws. But, the pushback will come.
    2