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modrepub

(3,811 posts)

1. America's Economic Illiteracy

Reply to Demovictory9 (Original post)

Fri Apr 4, 2025, 06:10 AM

Apr 4

Thought about this a lot. Most American's know little about economics beyond trying to balance their check books and buying mutual funds for their retirement. And the people we think are literate in economics are basically trained on market derivatives.

How many of us actually know of and read things from Smith, Ricardo, Marx, Schumpeter or Keynes? Other than beating us over the head about Capitalism, American society provides very little basic economic theory discussion or its development over the ages. And we suffer greatly for it and part of me thinks this is done on purpose.

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Highlight:

"we live in a world with so many financial brilliant financial experts yet democracy has produced an economic illiterate [View all] Demovictory9 Apr 4 OP

America's Economic Illiteracy modrepub Apr 4 #1

I don't have time now, but I'll come back to this one. KnR. NNadir Apr 4 #2

"it's sobering to listen to experts in other countries talk about Trump like he's an idiot." sop Apr 4 #3

The clickbait/eyeballs profit driven business model... rubbersole Apr 4 #5

PLENTY of Americans understand MFer as well as Euros. maxsolomon Apr 4 #11

Yeah, and a lot of these so-called experts caused the 2008 SHTF moment. raccoon Apr 4 #4

I got through the first half. In it's brilliance, it's terrifying. NNadir Apr 4 #6

Though I agree with the premise I think it is too narrowly defined Xipe Totec Apr 4 #7

absolutely superb, best video I have watched in ages Celerity Apr 4 #8

Best explanation of US. If not MUST SEE, you'd wish you had seen it. Festivito Apr 4 #9

Democracy wasn't the driving force or dynamic which produced *rump to power Uncle Joe Apr 4 #10