Comments by "Tony Wilson" (@tonywilson4713) on "Is AI coming for your job? | DW Business" video.

I'm an engineer and you are basically right. I started informally studying economics a few years ago out of the frustration of dealing with clowns with economics degrees. I can tell you 2 basic facts. 1) Capitalism as we currently practice it isn't the capitalism we think it is anymore. If you go and listen to people like Mark Blyth they'll explain how's there's been 3 main versions of capitalism over the past 120+ years. There was the Gold standard that ended with the Great Depression and WW2. Then there was Keynesianism that ended with the stagflation crisis of the 1970s, which was followed by Reaganomics & Thatcherism which we call neoliberalism. We should have moved to something new AFTER the 2008 GFC and didn't. 2) The reason capitalism is failing is because when we needed to change after the GFC economists like Saadia Zahidi FAILED to do anything. They saw the bailout as a means to continue as if nothing happened. What its done is put about 90% of the developed world under immense stress. Its actually ivory tower clowns from places like Harvard, Yale and the WEF (like Saadia Zahidi) who keep telling us all is well. She isn't the solution she's the problem. Go watch Gary Stevenson the British economist, who's one of the very few economists with a functioning brain. He was Citibank's top trader in the world. So he knows his stuff and no wants to help people UNDERSTAND what's going wrong these days. He has a channel here on YT.
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