Join me the 8th of April for a live masterclass industrial policy: mm-masterclass.eventbrite.be Or check out the recorded masterclass here: school.moneymacro.net/p/industrial-policy-masterclass
@CirclingDuck5 ай бұрын
Have you lost weight? Looking good!
@ObeyNoLies5 ай бұрын
Trump isn't going to raise tarriffs 60%, it's a bluffing tactic to make the Chinese reassess their position.
@swampkatbrain5 ай бұрын
Good luck with the masterclass! Hope you found something as useful as lactobacillus reuteri for your baby girl. We used the BioGaia brand for our colicky baby, worked a charm.
@TWJfdsa5 ай бұрын
Hello, I've been watching many videos about China. In Short- China is corrupt from top to bottom. From everyone ripping off each other off, stealing, polluted water, Tofu-Dreg everywhere, social unrest and economic decline to population loss. China is headed to collapse and revolution. How this will play out geopolitically is uncertain. I just found you so I'll be subscribing and checking out your videos. Do more videos on China if you see fit . Thanks.
@lagrangewei5 ай бұрын
honestly its just the west being dellusional, the rest of the world will continue to globalise and trade regardless of the economic suicide the US and EU is committing. just because we are not "highlighted" in the map, doesn't mean we don't exist. the west continuing to treat us as if we don't exist, forces us to trade with the only side that treat us as if we exist... surely you can see that?
@swakal88685 ай бұрын
First rule of Geopolitics : There are no permanent friends and foes, only permanent interests
@naydennaydev70715 ай бұрын
yeah, well, even interests are not permanent 😜
@ajiththomas24655 ай бұрын
As a certain bearded Florida Man put it, "Countries don't have friends, they have interests."
@evdeuretimhanem5 ай бұрын
İnterests = oil😂
@phillip765 ай бұрын
There is a big flaw in the video. I stop watching after that. The standard narrative is that the "west" is trying to make the world be more equal economically in the liberalization era. This cannot be further from the truth. The west have in mind what global trade is suppose to be: 1. Trade between nations is done by "western firms", the main actors. 2. The high value added industries are in the west, while low skill, low tech, and resource extraction is done in the rest. 3. Cheap production base for western firms, and cheap goods for western consumers. This is very hard to accept if you are China, or Russia and any developing economies. Why is it that they have to always occupt the lower end of the value chain? Most countries have higher aspiration than being factory workers, and producing cheap goods. China has been doing this for decades, but they now want to start making higher value goods, and this scared the west. This is why we have a trade war.
@itsblitz44375 ай бұрын
@@evdeuretimhanem😢 oil is overrated
@AshkanPacino135 ай бұрын
As an Iranian I can tell you that we have one of the worst economies in the world, inflation is insane and people are struggling to buy basic food, we don't want to be "Axis", we want a normal relationship with the world and a normal country.
@vitoanania60425 ай бұрын
Iran would be so much better off if didn't have the regime
@rphb58705 ай бұрын
yes but that wont happen as long as America have anything to say
@MarketsDriveTheWorld5 ай бұрын
@@rphb5870America and the west can 100% decide who doesn't trade with them and doesn't use their stuff.... No one stop Iran from trading with China or Afghanistan ecc.... 🤷🏻♂️
@liveinsea15 ай бұрын
iran needs a corrupt pro west government like the one you had before. any iranian governemnt wants to keep the profits for the iranian people, will not be accepted by the west.
@rphb58705 ай бұрын
@@MarketsDriveTheWorld I hate the term "the west" it is an euphemism for America and his vassal states. And America is a big bully that tries to control what everyone else does. It is not that America don't want to trade with Iran (and about 100 other nations), it is that he tries to prevent them from trading with anyone, to lay siege to their economy, which he have until now been able to due to his exorbitant privilege, of having what we call the world reserve currency. It have actually only existed since 1971 and was a pyramid scheme / ponzi scheme / racket from its inception. it replaced an older system called Breton Woods (1944-1971) in which he also played a central role but in one where he promised to redeem dollars for gold at a fixed price which kept prices and exhange rates relativly stable in the period. before that if we go back we had an increasingly better gold standard
@PAPO96095 ай бұрын
As a Mexican. I couldn´t be more exited about this new geopolitical/economical era. Our currency has appreciated 20% in 2 years, investment in the industrial sector has been massive since last year. China and the US are fighting over our strategic location and cheap labour. We are just racking up the profits for it. Cheers!
@AtticusKarpenter4 ай бұрын
And this is only right. Superpowers must offer good deals to countries they want to influence, not enslave/bomb/bury in debts
@danz11824 ай бұрын
At present, Mexico provides a backdoor for Chinese companies to sell in the US. Make hay while the sun shines Mexico, the end stage of deglobalization is the US closing that loophole.
@FOLIPE4 ай бұрын
Yes this is good for Mexico, it can easily become the US's Poland.
@PAPO96094 ай бұрын
@@FOLIPE Butthurt are we? Poland is not even a fifth of Mexico's total market economy lol.
@hamzamahmood95654 ай бұрын
@FOLIPE Typical European cope. America is the only major economy that has access to cheap labor and a healthier demography, something that will become VERY important in a deglobalized world.
@Jamhael14 ай бұрын
As a Brazilian, all I can say is: THE MARKET IS OPEN, BABY! WHO WANNA BUY? WHO WANNA SELL? WE HAVE ALL!
@scorpiovenator_47363 ай бұрын
Joga todos os lados ganha todos os premios
@idromano3 ай бұрын
So gostaria de ver isso sendo revertido em investimentos pro povo, educação de base, etc. em vez de ir parar na mão da elite financeira como sempre. #elitedoatraso
@Jamhael13 ай бұрын
@@idromano SIM!
@rogeriopenna90143 ай бұрын
There are some sports betting strategies which maximize gains by playing different results in different betting websites. You can still lose, but it stops being totally random
@Jamhael13 ай бұрын
@@rogeriopenna9014 so, you prefer for others to bet and lose in multiple tables instead of recomending "don't bet at all"?
@rakino44185 ай бұрын
You've given the northen part of the North Island of New Zealand a big haircut, but we're just happy to be included
@mmarques27365 ай бұрын
#MapsIncludingNewZelandButAtWhatCost
@Bike_Lion4 ай бұрын
That part of the island is rather thin, so at the scale of the map here, it'd be tricky to show - being thinner than the black outlines around each country.
@aniksamiurrahman63654 ай бұрын
U mean Australia?
@Bike_Lion4 ай бұрын
@@aniksamiurrahman6365 - No, they're talking about the "Northland" area of New Zealand - i.e. the thin part of the North Island that extends a good ways to the north of Auckland.
@aniksamiurrahman63654 ай бұрын
@@Bike_Lion Thanks for letting me know.
@EliHaNavi5 ай бұрын
Interesting that you did not mention a fourth category of those who will benefit from increased fragmentation. That category is labor. Increased fragmentation will lead to increased re-shoring. While I've been hoping for more re-shoring than I'm seeing, I'd recommend looking and exploring this question as to the ongoing trends. For instance, there is already a requirement for data centers (and hence the technicians) to be located in countries that serve the customers of the corresponding databases; or at least be located in "friendly"/aligned countries.
@dcklein855 ай бұрын
Do you mean less capital movements?
@TheGroovyJones5 ай бұрын
The US could easily end up near shoring formerly Chinese manufacturing from Mexico. There is some open ground for labor but the owners of capital will always go for the lowest cost labor available.
@AUniqueHandleName4445 ай бұрын
@@TheGroovyJones There isn't a ton of cheap labor left in the world to near shore. Yeah, Mexico is cheaper, but surprisingly not a cheaper than America, and if we nearshored even half of our imports from China to Latin America, it would probably end up making the US even more cost-competitive. Cost of labor per hour really isn't the only factor. There are also things like labor output per hour (quite high in America), energy costs, land costs, regulatory costs, political risks, etc. Mexico more cost-competitive than America for some things, but not by a lot, and in the last decade, America was actually the most competitive economy globally for most economic activity.
@frantisekhajek67755 ай бұрын
I dipends where you live. In China or Eastern Europe, less export is a bad thing for workers.
@syost874 ай бұрын
I wanted to hear more about the impacts on the US economy and the ideas of “friend-shoring” advocated for by the New Idealist school of geopolitics. I.e. - if allies are too dependent on geopolitical rivals (Germany to China and Russia), then countries like Canada might weaken some of their regulatory barriers to some activities/raw materials specifically for those allies in order to ween them off of rivals. That would reorient trade, not necessarily reduce it, and concentrate additional wealth in new/unexpected places. Also, growth in the Global South is still possible while decoupling from China, and that is precisely the area going through the demographic explosion while China/Russia are dramatically declining in population.
@euancampbell70115 ай бұрын
Why do you refer to the west today as the allies and east today as the axis? Modern blocs are not what they were in the 40s. Using these terms seems to be creating a moral comparison. Which is a fair to believe, but its not an unbiased stance.
@andrewharris39005 ай бұрын
Because the Axis were always Authoritarian states and the Allies Liberal nations. Same is true today.
@Peizxcv5 ай бұрын
Remember Bush's Axis of Evil? Calling anyone "Axis" today is an attempy to conjuring up image of Axis in WW2. Calling Russia and China Axis is obviously not a coincidence which is funny as they fought the hardest and suffered the most lost in WW2 while the 3 Axis powers in WW2 are labeled "Allies". This map looks like a WW2 fascist's wet dream
@IslamBenfifi5 ай бұрын
Westoids like to treat geopolitics as a role playing game where they are the good guys, then will call the other side "irrational". Sad because I thought Yuri is smarter than that.
@kostasyian47885 ай бұрын
Axis is the West, since they push peiole to homelessness, addiction, forced vaccinations, sex changes to children, "assisted" suicide etc. Not to mention that ALL Axis powers of 1940 arel labelled "Allies" now.
@restitutororbis9644 ай бұрын
I agree, I enjoy this guy’s videos but anything non analytical of his is always a shit take. I only stay for his graphical representations and the logic he uses for economics. Politically it is a painfully biased western take. Not to say the “allies” aren’t even the “good guys” anymore. China and Russia are not Nazi Germany, at all.
@lluc99465 ай бұрын
Free market and globalization until they start to lose 😂 When they are dominating, the market is free and competition is great; When they are losing, national security is paramount and market force is market farce😂😂😂
@user-ce5vd2qv7y4 ай бұрын
10 points for Gryffindor
@jansenjunaedi49264 ай бұрын
Give this man 1 million social credit😅
@brianh93583 ай бұрын
Let's be honest though. China to a large degree was never completely part of the free market. It was free market going out and very restricted going in. Sure some companies have had success there (Apple) but they had to resort to making their phones there. I could type an encyclopedia about barriers to trade with China.
@lluc99463 ай бұрын
@@brianh9358 I wonder whether the length of your encyclopedia is actually that different from Japan and South Korea. Or even for EU. Anyhow, US and EU is acting more protectionist politically. Sad!
@meetadi4u3 ай бұрын
You have a free market but your competitor does not have and over subsidising their industry then yeah this would be the reaction .
@bonkersblock5 ай бұрын
The global economics will be defined by “friend shoring!” You invest in countries that has no geo political and territorial interests against you!
@MoneyMacro5 ай бұрын
Let's see
@bonkersblock5 ай бұрын
@@MoneyMacro I didn’t wrote the word “evil” in my statement.
@appa6095 ай бұрын
Implying Mexico has no geopolitical ambitions contrary to America? Please. Mexico is merely weak. Mexico has massive historical and contemporary disputes against America. If Mexico had the economic and military resources of China, it would be launching a reconquista of the Southwest.
@appa6095 ай бұрын
@@MoneyMacro This is a crazy claim. Were Germany, Japan and Italy on a "geographic axis"? Likewise, Iran doesn't even border either Russia or China. Nobody watching the video sees you label "axis powers" and thinks of anything other than "he's saying they're like the Nazis"
@AweSean-wv3xo5 ай бұрын
AMLO is like the most anti American president Mexico has had in over a century
@SasquatchTactix5 ай бұрын
Great timing! My Econ IB students are just starting the global economy unit and economic integration!
@zacnewman71405 ай бұрын
Just in time for it to all fall apart.
@joserubio64175 ай бұрын
Awesome. Your videos are not dense.....they summarize really well the issue you discuss....congrats!
@mrjaratpon5 ай бұрын
Please dont use allies vs axis. Because they are not axis they are their own alliance.
@Giles205 ай бұрын
The West vs The Gobal South
@Peizxcv5 ай бұрын
@@MoneyMacro OMG, you are telling me you never heard of Shanghai Cooperation Organization or BRICS? Or simply cannot use East vs West?
@EliHaNavi5 ай бұрын
@@MoneyMacro They could be called Comrades (or, yes, BRICS). Axis is a name associated with Nazis and Bush W's genius ideas of going into Iraq to hunt for WMD. Perhaps, since neo-Nazi elements have been active in a certain Western-sponsored state (referred to as "democratic"), and the fact that von Braun as well as other WW2 Nazis were welcomed into the US with open arms, the term "Axis" might be applied to the Western block, as it is right now, with its idea of expanding NATO membership and spreading LGBTQ & feminist ideology. But hey, your trolling was good, kudos.
@asier_getxo5 ай бұрын
@@MoneyMacro until that let's just use the most widely known term for the most hated alliance of current times. I guess there were no more terms left. It's not propaganda, just randomness. At least east/west would have made much more sense historically and country-wise.
@asier_getxo5 ай бұрын
@@Peizxcv doesn't serve the same propaganda goal. He's just gaslighting people, when the goal is claerly to bolster us imperialist propaganda.
@salokin30875 ай бұрын
It'd be worth considering whether or not this will accelerate and entrench regional trade blocks like in the EU and North America, and potentially ASEAN. South and South East Asia could benefit greatly as neutral trading countries especially as their economies have grown rapidly such as Indonesia, Bangladesh, India, Malaysia and the Phillipines. After all, they will gradually be the center of a new "middle class" of consumers and producers.
@JosephSolisAlcaydeAlberici5 ай бұрын
Nope, at this point, the Philippines is just an ASEAN nation-state member in name only and is now within the US economic orbit again.
@somekindofhmm5 ай бұрын
@@JosephSolisAlcaydeAlbericiFalse. If you count ASEAN as a single entity, PH trade with ASEAN exceeds PH trade with the US on both the import and export front. While geopolitically PH needs US military support to deal with issues in the South China Sea/West Philippine Sea (so does Vietnam, Malaysia, and Brunei), ASEAN remains the top trading partner of PH.
@matthewmatthew6385 ай бұрын
@@JosephSolisAlcaydeAlberici Pretty sure the Philipines see more trade and investment with China, let alone ASEAN, than the US. The reason that Phillipines wants security ties with the latter is due to misguided belligerent behavior by the former. Unless Indonesia or something goes ramming ships near PH natural economic/trading ties with ASEAN will win out.
@RodrigoLopesBrazil5 ай бұрын
if the middle man earns too much, the industrial policy will recognize them as part of competition. That position is quite fragile.
@SaretGnasoh5 ай бұрын
@@somekindofhmm whatever you said, you still cannot deny the fact that Philippines is a vassal puppet state of the USA
@sulamy19555 ай бұрын
Dr Joeri, you should make a video about the development/industrialization of the US economy in the 19th century. Many people claim it was completely laissez faire and the government played no role, but rarely we see the counter argument
@felman875 ай бұрын
"Many people claim it was completely laissez faire and the government played no role" Well, we know this wasn't the case because the US allowed for slavery which was enforced through the government. With the 3/5ths compromise, that gave agrarian slave states like Virginia more sway in government policies than it otherwise would have. Then we have the Civil War with the industrialization being a key benefit in the North, with Lincoln starting the Trans-Continental Railroad during the war. Obviously, those rails would be placed around the more populous industrial centers, giving them an edge compared to less populated areas. It would be ignorant to say "Government played no role" because this was such a huge investment for infrastructure, directly benefiting some more than others. The question that would be curious to ask is not "Did government play a role?" but "How much of a role did it play?".
@ryanshout86525 ай бұрын
@@felman87 the answer is govt played 73.567% of a role
@baltulielkungsgunarsmiezis97145 ай бұрын
On the contrary. The USA was very protectionist and always worked to develop its own industry rather than importing from Great Britain.
@markcorrigan39305 ай бұрын
America was made with tarrifs
@bobmorane49265 ай бұрын
@@felman87 The usual propaganda is that free market societies are free of government interventions while authoritarian governments or communist thrive on government interventions. This couldn't be further from the truth if you pay attention to what's going on.
@Strykenine5 ай бұрын
How economics made war obsolete: A Fairy Tale for Adults.
@nicoruppert42075 ай бұрын
Especially with increased spending on arms creating increasingly powerful arms lobby groups. And we don't have to think twice to know what policies they'll lobby for.
@mdel3105 ай бұрын
War, war never changes.
@moxinghbian5 ай бұрын
At least economics made wars that aimed to improve economics obsolete. Individuals or companies may profit from war, nations no longer.
@kallashnykov5 ай бұрын
Marxism. The only scientific economics that makes war obsolete.
@Strykenine5 ай бұрын
@@moxinghbian I think you will find that this, in the long term, is incorrect no matter how much we might wish it were true.
@briskyoungploughboy4 ай бұрын
Why use the antiquated military terms Allied and Axis? Dollar-Zone and BRICS-Zone.
@ffbeexaid45093 ай бұрын
Cause he thinks of my country as bad guys? 😅
@josousa783 ай бұрын
Should be the oppposite, the axis is the western countries
@Dan2512993 ай бұрын
@@josousa78why?
@ej283 ай бұрын
@@Dan251299 Which country has overthrown countless democratically elected governments and replaced them with dictatorships? I'll give you a hint, it's not China.
@liangqiang11333 ай бұрын
@@Dan251299 Because of the golden billion people, they consume too much energy.
@AbradolfRizzler5 ай бұрын
Why are you calling them the axis? That seems like poisoning the well off the bat.
@MoneyMacro5 ай бұрын
I know it can have negative connotations. But, to my knowledge the name is neutral and refers to a geographic axis (originally the Italy Germany axis).
@laurencefraser5 ай бұрын
@@MoneyMacro Yeeeah... unfortunately its actually well known use in such contexts was initially coined as an 'axis of facism', and has been used quite often, loudly, and publically in the form 'axis of evil'. As a name for an alliance of nations it was never neutral. At it's most neutral it was explicitly a term used by facist leaders/propaganda to refer to the alliance of Italy and Germany in ww2. it's only got worse from there. It's reasonably neutral in general, as a description, right up until you use it as a Name for an alliance (or something vaguely alliance-looking) of nations opposing a seemingly-unified '"West' plus friends", at which point the neutrality goes right out the window, at least to most English speakers because it is automatically and immediately associated with Nazi Germany. The joys of language and propaganda.
@asier_getxo5 ай бұрын
@@MoneyMacro lol, you very well know what you did, don't try to gaslight people... Claiming that axis has neutral connotations is ridiculous. And no, it is not a name that was used in a far-gone, removed conflict. Everyone knows the implication of calling axis and allies (which very clearly has a positive implication, even taking out WWII context) to each block. And then if you take into account that every major axis power is in your "allies" block, and the two countries that suffered the most (china and ussr) against axis countries are placed into the "axis" camp, then it becomes even more ridiculous. At least if you had named it the other way around you would have had some ground to defend the naming... But I guess then the propaganda goal wouldn't have been fulfilled.
@user-ce5vd2qv7y4 ай бұрын
@@MoneyMacro so you think Nazis are neutral? got it
@XDF7454 ай бұрын
@@MoneyMacro If you know that it can have negative connotations then you know that it isn't neutral.
@vix_ki_youtube5 ай бұрын
Mate are you eating well? You don't look like you got meat on your bones. Eat more(healthy preferably) man, don't want you to end up sick...
@jeremywhite8315 ай бұрын
yeah i thought the same thing
@MoneyMacro5 ай бұрын
Thanks for you concerns. The problem is that our baby had a terrible time for her first year, causing me to be severely sleep deprived. It's getting a bit better now. So, I'm heading back to the gym and bakery from time to time ;)
@Katzeblow5 ай бұрын
Mate is Looksmaxxing, in economics it's called rate cuts
@ascra16935 ай бұрын
@@MoneyMacro harsh. Hope it gets better
@Dogo.R5 ай бұрын
@@MoneyMacroPlease remeber to sleep longer than normal if you were awake for longer than normal. Dont sleep for only 8 hours if you were awake for 24. I find this to be the dominant impactor of how much your sleep negetively impacts you. With regularity and interuption being below it in importance. Humans can learn to handle long days very well if they get an equivelent amount of sleep. I myself for almost a year did 30-35 hours awake "days"(compared to the typical of 16-17 hours awake days) and you can feel and look fine if you sleep hours reletive on your time awake. Note that aspects of your eating is also important. Whether your fasting or running on a recent meal can drasticly change how your body feels about long days. Smaller more frequent meals make longer days drastically more easy than big meals. Especially when you dont eat extra times if you are awake for extra time. Which you commonly see with people who have designated 2-3 meals a day that ignore how long they have been awake for. And lastly if you are having a long day try to isolate yourself from the sun. Its easier to feel ok with a long day disconnected from sunrises and sunsets.
@kevin97945 ай бұрын
Have yet to watch the video, but just wanted to mention I'm rather turned off by the thumbnail. Calling it "axis" vs "allies" sounds rather sensationalist, and certainly biased. It implies good guys vs bad guys, unwarranted animosity. And beyond making a reference to the "allies" without Russia, which is passable I guess (Molotov-Ribbentrop did happen after all), calling it "axis" without Germany, Italy or Japan is disingenuous to history. That was THE Axis after all.
@___________________________._5 ай бұрын
I very much agree. I also wrote a comment about this, but you worded it better.
@TheOriginalJAX5 ай бұрын
@@___________________________._ You do know people like you 2 are the reason society is going down the drain like a shit soufflé right? nobody cares about your reactionary histrionic hyperbole underwritten hang ups about references to the 20th mid century ethnocentric enthusiasts because it doesn't matter no matter how much you think it does. Get a clue man.
@thoracicfuture5 ай бұрын
Important to note that Molotov-Ribbentrop happened after all other western powers also signed non-aggression pacts with Germany.
@TheOriginalJAX5 ай бұрын
@@thoracicfuture Oh look another stupid person obsessed with 20th century history and it's corrosive politics, after all the world needs more apologists for radical extremist ideologies that killed more people on this planet than anything else that came before it. only 100+ million that we know of. No big deal; for a death cult worshipper that is.... get a room.
@asier_getxo5 ай бұрын
@@thoracicfuture exactly. After the allies refused to sign a pact of protection against germany with the USSR. Stalin saw himself cornered.
@Peizxcv5 ай бұрын
Why is the 2 Allied nations that fought the hardest and suffered the most lost in WW2 labeled "Axis" while the 3 Axis powers in WW2 are labeled "Allies"?
@IslamBenfifi5 ай бұрын
Westoid logic in a nutshell. No wonder they call literal neo-Nazis and Islamofascists "moderate rebels".
@meteorknight9995 ай бұрын
Same reason canada "accidentally" called ukrnian ww2 german veteran that worked in genocidal ww2 camps. Time to accept faxicsm in fact won whoever fought them was useful whiteknight
@MGZetta5 ай бұрын
Fascist propaganda at its finest. They think they're the good guys. lol
@user-ce5vd2qv7y4 ай бұрын
Pro-West propaganda
@grdev30663 ай бұрын
@@user-ce5vd2qv7y agree
@nicbahtin47745 ай бұрын
Maybe protectionism is good for things like real estate. What's the point of globalization if people are out priced out of their neighborhoods.
@baneofbalor58815 ай бұрын
I'd argue that it's worse, since the costs of raw materials will skyrocket. Maybe the cost of borrowing from high interest rates will bring demand and therefore prices down, but that may only benefit those who can afford the higher repayments.
@gpeschke5 ай бұрын
Yeah, very much like protectionism for housing. Industry is a different thing. Opposed there. We have all been suffering from too many people. The demographic effects of good medicine, and rural to urban shifts are done. Jobs being bad is fixing itself, assuming AI doesn't screw it up.
@matthewmatthew6385 ай бұрын
If we take 2017 as a turning point where the U.S started to move away from policies promoting globalization and free trade. From then to the present day the U.S economy hasn't particularly suffered with solid job creation and strong wage growth even with Covid disrupting everything. Add in what the EU is doing post-Covid and their economies aren't doing half bad (relatively) as well, even with energy supplies cut. That's not a causal effect of course but it is an open question whether promoting unrestricted free trade really benefits *developed* countries by making the proverbial pie bigger, or does it just open up the pie to be taken by developing countries instead.
@gpeschke5 ай бұрын
@@matthewmatthew638 there's a confound with the effects of baby boomer retirement/and China running out of people to move from rural to urban during that same period. But yeah, I am curious about the same question. What actually is the balance of things? Trade wars are class wars(the book) had an interesting take on it- arguing that workers that consume less than they produce are the problem, be they developed or developing.
@tomlxyz5 ай бұрын
@@baneofbalor5881why should materials get more expensive when real estate is banned from foreign investment?
@urooj095 ай бұрын
Saw your comment about not getting enough sleep due to baby . Please take care . It will get easier with time i hope
@MoneyMacro5 ай бұрын
Thanks! It is already slowly improving :)
@urooj095 ай бұрын
@@MoneyMacro happy to hear that
@carkawalakhatulistiwa5 ай бұрын
@@MoneyMacroThis not allies vs axis but The west vs the rest
@SaintSaint4 ай бұрын
@@MoneyMacro sleep when they sleep. Tag team with wife. good luck
@mat37145 ай бұрын
Other, friendlier countries will fill the gap. It's not instantaneous but it's still gonna happen. It might ultimately trigger military conflicts ( hopefully contained in proxy wars ) but it also can iron out strategic differences in order to access opposing markets.
@Jamhael14 ай бұрын
Brazilian here, and I agree - but also we here have a lot to gain thanks to our diplomatic neutrality.
@Akash-hq3gs2 ай бұрын
I like that despite have India on the thumbnail and it arguably being the biggest winner of fragmentation, you never mentioned its name. Its better to be invisible while climbing the ladder.
@HerrinSchadenfreude2 ай бұрын
That's because India has shown thus far to be a fence sitter at best and a wannabe US at worst. Interested only in its own gain and liable to betray any hand it shakes. Showing up at the Swiss conference but then not signing. Co-founding BRICS but then still cucking for American business and pressing age old silly border wars with China. Preaching world peace but then voicing support for Netanyahu and refusing to back the ICC arrest warrants on him. If I were a BRICS founding country I'd vote India out because they're going to become part of the problem before they become part of the solution.
@kirtimeel78522 ай бұрын
@@HerrinSchadenfreudeI’m sorry what? “Fence sitter”? You’re angry cause india has chosen a neutral stance against wars that does not concern them? also “betray hands it shakes”, india had ties with Russia and Israel when the entire world was against them and still keeps ties with them despite various attacks from the west… also india has relation with both the west and Russia, the main reason it dose not vote for or against is so they don’t go against any of their partners that are on opposite poles…and “silly old border wars”, what are we supposed to do let go of Arunachal Pradesh cause china said so? Also india has given support to both Palestine and Israel equally is doesn’t want to tip over its ties with the Arabs or the Americans… and you have to understand something BRICS is not a military alliance it’s a economic alliance… it’s simply there to trade and develop their own separate economies… it seems you’re just angry that india isn’t an American sell out that would destroy its own country so the west doesn’t have to bother with fighting china by itself…
@tharcysiotatikawa24323 ай бұрын
What a shitty time to become an adult. Skyrocketing housing prices, a pandemic and many wars affecting food prices and now the estimates are that inflation will get even worse? For God's sake, I really hope it won't be as bad as it seems.
@kanekv75042 ай бұрын
I honestly have some hope that it isn’t as bad as it seems, the internet and media profits off our fear and anxiety. Either way there’s nothing you can do, just do what you can
@kenos9112 ай бұрын
Inflation is getting better slowly but surely, politicians are just implementing their policy making to make it seem like it’s not, in hopes of fearmongering to get your vote. At the end of the day, make your life a fulfilling one every day, cherish the moment, the every day, and set your sights high. Don’t give up brother, it’s easy to feel anxious about today’s world but you got this 🫡
@MiraihiАй бұрын
@@kanekv7504 You're absolutely right. You need that fighting spirit to keep going, and to do that you must cut off the sources of pointless anxiety. In fact, this video is already one of such sources. It is interesting, sure, but may also bring you to the bad place mentally.
@krisshnapeswanipeswani31903 күн бұрын
1930s 40s all over again. Good thing is that we know thay the ending will atleast be happy and the allies will win gain. Maybe third times the charm and autocrices are wiped out
@strangelylookingperson3 ай бұрын
Nice of you to put on Russia-China area "Axis" mark, considering they actually sacrificed the most in the war against actual "Axis" forces. Very professional, not like cheap propaganda at all.
@kryiptton38553 ай бұрын
Russia sacrificed so much in that war, starting with eastern half of Poland, right?
@strangelylookingperson3 ай бұрын
@@kryiptton3855 Well, I would redirect this remark to some contemporary anti Russian Ukrainian historian.
@kryiptton38553 ай бұрын
@@strangelylookingperson explain?
@strangelylookingperson3 ай бұрын
@@kryiptton3855 Eastern Poland (or current Western Ukraine) was annexed by Soviet dictator Stalin. I neither support or benefit from this action. Main beneficiary from this was Ukraine, which nationalistic leaders and their followers, later, when Soviet forces retreated under pressure from Nazis, happily joined Germans and started genocide (mass killings) of local Jews and Poles on this territory. And the very leaders of this movement, Bandera, Shuhevich, who were main idealogical and organizational leaders, now praised in Ukraine as national heroes, both in mass media and in "academic" circles. Can't be the "Ally" if your close ally chooses Nazis as national heroes.
@kryiptton38553 ай бұрын
@@strangelylookingperson i understand your point of view and I’m grateful I learned something new today. Yet I fail to see how this makes sense in the context where “Russia-China area …. Sacrificed the most in the war against the Axis”. Ribbentrop-Molotov means nothing then?
@jacobjones6305 ай бұрын
You are by far the best Economics channel on KZfaq. Thank you for your analysis.
@cow_tools_4 ай бұрын
Re-using the term "Axis & Allies" for our modern world is very inappropriate.
@daesligado4 ай бұрын
We should call them "The Republic" and "The Confederacy of Independent Systems, CIS"
@cow_tools_4 ай бұрын
@@daesligado YES
@highqualityorangejuice4203 ай бұрын
Why tho
@perseus95352 ай бұрын
Can't say it is. Seems like a strange hill to stand on
@sa.3775 ай бұрын
let's not forget the risk of war which is one of the biggest and worst consequences of fragmentation / alienation / change of power dynamics
@risingdough80785 ай бұрын
It seems to me that war, or preparing for it, is at the very least, highly correlated to fragmentation. That's the elephant in the room not discussed in this video.
@AUniqueHandleName4445 ай бұрын
That's my biggest concern as well. I would really, really like for us to avoid a world war 3.
@timjrgebn4 ай бұрын
@@risingdough8078 Not discussed, he's calling nations Axis members and people still think the guys neutral...
@dannydetonator4 ай бұрын
@AUniqueHandleName444 Too late, it started over 2 years ago in full - if not militarily, then by any other powers it is all-out hybrid war. Only Axis, as always, wanted it, but history of the future will explain it. Today you can easily get lost, as there are more engagement with disinformation than trustworthy information in places. This chanell is the latter, but only presents a toned-down economical projection excluding rest of the hybrid-war factors.
@kogorun4 ай бұрын
@AUniqueHandleName444 You won't be able to, thanks to the adroit politics of USA and EU. Now every country sees, beyond the shadow of doubt and beyond any conditionals, that nuclear weapons are the sole guarantee of sovereignity.
@brendansheehan77145 ай бұрын
Gotta love the way Ireland sits in the WTO graph at 6:30
@boomerang01015 ай бұрын
Lol Ireland will be overrun by migrants soon. 🔜
@draugrdraugr5 ай бұрын
That's basically a show of wealth being hidden through the Irish tax heaven
@Gizziiusa5 ай бұрын
@@draugrdraugr heaven ?! hmm, guess it could be. A haven thats heaven !!!
@Gizziiusa5 ай бұрын
As if to say, EU...Europe ?! Fook All, we're over here past the Sino aggregate with USA and Canada.
@robalexnat4 ай бұрын
Interesting choice of labels and country groupings.
@ally64385 ай бұрын
Thanks for putting together a course. Love your videos, so I'm very excited to learn more with your course. Can't grab the live one, it'll be too early in the morning here in Australia, but that's all good, we're miles away from anyone, looking forward to the none live version though, just signed up.
@shrimpmajo15 ай бұрын
Right on my lunch time, let's go
@BigBoss-sm9xj5 ай бұрын
let'ssss goooo
@hello-rq8kf5 ай бұрын
gura my dog died LETS GOOOO
@hello-rq8kf5 ай бұрын
gura my dog died LETS GOOOO
@shrimpmajo15 ай бұрын
@@hello-rq8kf A fellow chumbud, I see. Keep frying rice like a good shrimp!
@qawqaw14815 ай бұрын
what is a lestgo ???
@dariogifc05 ай бұрын
I see what you did there at 0:02 -- not putting Hungary into Allies -- technically not wrong
@MoneyMacro5 ай бұрын
Sharp eye
@morganangel3405 ай бұрын
@@MoneyMacro considering how lame the westoid car makers are in the EV transition, Hungary might be the only car (EV) producer from EU in the future. 😆😆
@MoneyMacro5 ай бұрын
a true connector economy then@@morganangel340
@justskip45955 ай бұрын
Ahvenanmaa isn't in it either. It is interesting how in so many maps that part of our country is being excluded from EU, NATO and now Allies.
@Peizxcv5 ай бұрын
The 2 Allied nations that fought the hardest and suffered the most lost in WW2 are labeled "Axis" while the 3 Axis powers in WW2 are labeled "Allies". This map looks like a WW2 fascist's wet dream
@g-rexsaurus7945 ай бұрын
I understand the narrative, but describing the USSR and the Western Allies as one economic block before WW2 is quite the framing, considering Molotov-Ribbentrop.
@LaugeHeiberg5 ай бұрын
Whats that?
@vipcypr83685 ай бұрын
Using the current maps to describe alliances 100 years ago is also not a good move. It looks like Poland was a German ally, despite of not existing at all and being occupied by both Russia and Germany
@adhiwicaksono61495 ай бұрын
BRO THE ALLIES JUST OUT AND ABOUT SACRIFICE THE CZECH IN MUNICH
@lolasdm69595 ай бұрын
@@vipcypr8368It can be said Poland dug their own grave, none of their Eastern European allies lifted a hand because Poland, a novel state who was constantly on the verge of repeating the Deluge, thought itself to be a second Polish-Lithunian commonwealth and screwed over everyone over minor interests. Nationalists will screw themselves over and over and learn nothing from it.
@anivicuno94735 ай бұрын
@@vipcypr8368 Actually, poland was a political entity through the entirety of the interwar period. After all, it was the invasion of poland that kicked off WWII in europe. Also, Poland was a Germam collaborator for all of big H's land grabs until poland. They shared in Austria, Czech republic, and Hungary.
@doujinflip5 ай бұрын
So this is all basically a transfer of wealth from regular consumers and small businesses in favor of lawyers and corporations, all because a couple big markets feel like they deserve way more than what they've earned through the open market and have opted to pursue a strategy of geopolitical speculation.
@SteveBluescemi5 ай бұрын
To be fair, this is what people say about globalization too
@nicoruppert42075 ай бұрын
Yeah, you can't act like the globalized system is somehow fair without favoring a select group of countries
@stateofopportunity12863 ай бұрын
Globalization is nothing but global neoFeudalism. Sovereign governments converted to labor management devices.
@user-nd3ks4mi7b5 ай бұрын
I feel like labelling Russia and China as the "Axis" is quite irresponsible.
@andrewharris39005 ай бұрын
He should’ve given them their real name “Axis of Evil”. Authoritarianism vs Western Liberalism.
@hyperion31455 ай бұрын
Also since China and Russia are largely doing their own thing separately, they hardly have the same interests.
@MoneyMacro5 ай бұрын
I did so because I thought the alternative term going around isn't accurate and more judgemental: democracies vs. autocracies. Axis was a neutral term, originally referring to the fact that Germany and Italy are on a north south axis. So, this was the most appropriate term I came across. I'm open to suggestions
@12undeadz5 ай бұрын
@@MoneyMacro (ex-) communist-bloc might be more fitting.
@moltensalt90495 ай бұрын
@@MoneyMacro I think eastern and western economic blocks will probably be enough given the overall geographic difference. Terms might be a bit more played out/boring and not as eyecatching as the WW2 evoking terminoligy/connotiation but I think you'll come across less judgemental if that is your goal . I think seperation into autocratic and democratic blocks may seem more judgemental but I think it does sound more factual . Unfortunately there are great many terms and sympbols that have such a strong conncation related to WW2 that many will feel offended ( swatstika/fascis)
@RafaelW85 ай бұрын
Finally, a new video from my fav channel
@Llkc605 ай бұрын
one thing not covered here is that by the early 2010's globalization was mainly aiding US competitors chief among them China. While american growth was sluggish, public and private debt skyrocketed, social tensions caused by wealth imbalances started political destabilization and radicalization. A system that works well for economic expansion at the price of long-term security and growth should not be maintained especially when it is financed by debt that returns less than the actual credit. (just think of the Fed's QE ledger.) As it is covered in the material interest rates will be higher overall, and I am also expecting the price of government borrowing rates to go up even higher compared to reference central bank rates: think of the reforms on the us repo markets. What we see here is a re-prioritization of objectives where economic growth shifts from number one and security becomes priority.
@FOLIPE4 ай бұрын
It's natural that poorer countries grow more than rich countries
@Llkc603 ай бұрын
@@FOLIPE it's natural that the hegemon takes actions to retain its leading position
@crashito_x5 ай бұрын
Mexico hearing little finger looks so happy 😂😂😂
@kevincronk79815 ай бұрын
2:19 what's up with that map, Ethiopia was very much on the side of the allies, their war with Italy was one of the precursors to WW2
@paullunsford89213 ай бұрын
That map is going to haunt my nightmares. It makes absolutely no sense. What in the hell is going on with Burma? Why is the Central Asian part of the Soviet Union not part of the Allies? There is no end to the madness of that map.
@realruppert35125 күн бұрын
Amazing channel discovered only today ! Thanks a lot !
@jonathanross62682 ай бұрын
I’m glad you are going to make a second source of information for those who haven’t studied economics. I love the in-depth style you present in your videos.
@DostoenVnimaniay5 ай бұрын
13:34 - 13:35 I think there is a typo in the subtitles. A ladder not a letter.
@moxinghbian5 ай бұрын
I thought Subtitles were generated by AI?
@MoneyMacroTalks5 ай бұрын
@@moxinghbianyes. But, I do generate them separately from KZfaq and go through it once by hand to hopefully catch errors
@Gwjeeper5 ай бұрын
Really appreciate your ability to clearly articulate how economies function relative to real world scenarios.
@agme80453 сағат бұрын
Protectionism only works in large countries. Argentina has tried to protect whatever is left of our industry for decades, and let’s just say it didn’t go that well for the majority of Argentinians. Being 100% self sufficient is very very hard. Sure, we can cover the essentials, food and energy. But everything else is abnormally expensive (like clothing, tech(phones, computers, gaming consoles, etc), cars, and more niche food products/brands). The worst part is when the are high tariffs for things that aren’t even manufactured locally, so your only option is buying an inflated price.
@StukovM1g2 ай бұрын
You missed Malaysia out of the connector economy section. Malaysia has good relations with most nations and is already a connector economy, where Chinese companies outsource manufacturing, or finish assembly, in Malaysia to work around US tariffs and import bans.
@0xCAFEF00D5 ай бұрын
6:30 This is just such a beautiful visual. Love it.
@nilaychaturvedi52435 ай бұрын
This is a far better channel than Economics Explained which has become somewhat pretentious. Grt job👍
@feliksvrtovecmozina7985 ай бұрын
I would be careful stating that reduced trade leads to inflation. Less trade also effects the GDP equation, thus the agregate demand (AD).
@Lelende5 ай бұрын
Data is sort of questionnable. Particularly during the "first wave of globalization". Did "trade openess," measured by imports and exports, simply increase naturally over time as economies could simply produce more goods(due to the industrial revolution and technology in general) and thus trade more goods? It is possibly a mischaracterization to use imports and exports to measure trade openness. In other words, states may have simply had more excess goods to trade due to technology increasing output, and thus traded more, but were not necessarily more "open" or willing to trade with each other
@kallashnykov5 ай бұрын
Why do we gotta assume the west is the Allies and the other the Axis? What if the west are the Axis?
@MoneyMacro5 ай бұрын
Axis is a geographic term that refers to North south axis on a map. The Allied countries are much more spread out.
@Realhastalamuerte19805 ай бұрын
@@MoneyMacro Calling the western block the "Axis" is misleading and may refers ideologically to another famous axis in recent history.
@Art-is-craft5 ай бұрын
@@Realhastalamuerte1980 That ideology you refer to was not the reason it was called axis and those that practiced that ideology did not call them self an axis.
@Peizxcv5 ай бұрын
The 2 Allied nations that fought the hardest and suffered the most lost in WW2 are labeled "Axis" while the 3 Axis powers in WW2 are labeled "Allies". This map looks like a WW2 fascist's wet dream
Your attempt to represent the geography of the two sides in the First and Second World Wars using modern borders was... misguided.
@RobotWithHumanHair.2 ай бұрын
Holy shit that map is atrocious
@davenobody4075 ай бұрын
China has not been promoting de-globalization, nor has EU.
@icu17siberia5 ай бұрын
then there's no problem, those ar two markets, plus Russia
@fightsports663 ай бұрын
I don’t think he was ever saying deglobalization was a plan. I believe he was saying it is a consequence or effect of increased political hostility. Such as Ukraine and NATO vs Russia has led to sanctions and sanctions decrease trade.
@truth-uncensored2426Ай бұрын
China wants more globalization because it knows that it can dominate most industries against most countries in the world. Ironically today the most protectionist blocks in the world are the US and the EU.
@pauladam28675 ай бұрын
Maybe you could analyse the economic policies of Geert Wilders?
@Doughballofficial2 күн бұрын
As long as Japan is on our side. I'm chillin with it
@XAUCADTrader5 ай бұрын
Didn't realize this content was dense/heavy? I find this entertaining as some of my friends would watch hockey/game of thrones.
@meatsaucez15165 ай бұрын
The fact you labelled China and Russia both countries who were invaded by and fought against the axis, as axis is beyond idiotic.
@ivantraveler5 ай бұрын
War is peace, freedom is slavery, ignorance is strength 😂
@Vishnjaaa4 ай бұрын
What happened with USSR and Germany between 39-40-41 June?
@inominado17745 ай бұрын
Oceania vs Eurasia
@Thrawn05045 ай бұрын
Rooting for Goldstein!
@hyperion31455 ай бұрын
Eastasia enjoyers:
@sergejadam88604 ай бұрын
"Oceania has always been at war with Eastasia, has it not? " 😨😰😱
@blackmanops37493 ай бұрын
I think the increased self-reliance (re-shoring) in an increasingly multipolar world (fragmented) is an overall good. It does not necessarily fragment economies, rather it can strengthen national economies by providing opportunities for domestic workers and reducing national liabilities.
@jaykebeckwith7573Ай бұрын
You should not have named them “axis”. In WW2 Germany and Italy were the axis because: “The first step was the protocol signed by Germany and Italy in October 1936, after which Italian leader Benito Mussolini declared that all other European countries would thereafter rotate on the Rome-Berlin axis, thus creating the term "Axis".” It is tied closely to WW2 and the word makes no sense elsewhere. It also shows huge bias from an otherwise really well put together video. You should have just called them Eastern Powers or something like that. And this is coming from an Australian who can’t wait to see the defeat and Russia and China.
@appa6095 ай бұрын
Ah yes, comparing everyone we don't like to the Nazis. The "Axis" powers
@ergwertgesrthehwehwejwe5 ай бұрын
Hi russian bot
@BuckNut-ck1sl5 ай бұрын
@@ergwertgesrthehwehwejwe Hi western bot.
@ergwertgesrthehwehwejwe5 ай бұрын
@@BuckNut-ck1sl How's the weather in moscow Ivan?
@BuckNut-ck1sl5 ай бұрын
@@ergwertgesrthehwehwejwe I dont know but Im sure if you asked a Russian he will tell you.
@jotororo28732 ай бұрын
Because the Axis powers of WW2 were characterized with autocratic/fasistic dictatorships and those goverment forms can be seen used by China/Russia/Iran/North Korea today.
@vladimirgorlin75105 ай бұрын
wow it seems we truly live in a historical time
@samedwards66832 ай бұрын
Thanks so much for creating and sharing this informative video. Great job. Keep it up.
@luxushauseragency5 ай бұрын
Brilliant Joeri. Especially your winners & losers section.
@___________________________._5 ай бұрын
I think labeling the other side as Axis is highly questionable. It is very much associated with the axis Berlin-Rome and thus the fascist dictatorships of 20th century Europe that have committed the worst man-made atrocities in history. I view your channel with high credibility and respect, but this is below your standard. I would strongly advise you change the Thumbnail at least.
@Zeiimer3 ай бұрын
The worst atrocities were Stalin and Mao, so Russia and China.
@g.araujo1043Ай бұрын
Those countries he labeled "axis" are the fascist/communists dictatorships of our century, and they commit the worst atrocities of our century. I consider the labels legit, as the "allies" are the democratic regimes, while de "axis" represents the tyrants club.
@25Soupy5 ай бұрын
The 1st 20 years of my life we lived in a fragmented world. I don't want to go back to that world.
@oskars14195 ай бұрын
how old are you
@isoldam5 ай бұрын
@@oskars1419 I'm pretty sure that OP is talking about the economic blocks that formed during the Cold War. The Berlin Wall fell in 1989, so you can do the math.
@oskars14195 ай бұрын
@@isoldam 56
@25Soupy4 ай бұрын
@@oskars1419 55 years old.
@kogorun4 ай бұрын
You vill go into zat vorld, as Putin told you to.
@matheus074Ай бұрын
I'd love for channels to start their videos explaining their ideology. Such a poor (but powerful) semiotic choice to identify China and Russia as the "Axis"
@frostbyte1015 ай бұрын
Would love to hear your thoughts about price revolutions, and how the current one will affect economics
@gordonreid56035 ай бұрын
Excellent analysis as usual. I really appreciate your measured objective approach. Thank you!
@user-wh7vn1ll8u5 ай бұрын
Very nice for you to call Russia and China "Axis", and Germany, Italy and Japan "Allies". That's another level of historical inaccuracy. You can point out some other factual mistakes (e.g. Russia introduced ban on certain food products not after Crimea, but after Western sanctions for Crimea), but it's nothing compared to calling "Axis" two nations who lost the most people in WW2 fighting actual Axis.
@svenlima5 ай бұрын
Interesting video. Thank you for not using background music.
@Daniel-ky6uv3 ай бұрын
I really like the Cyberpunk 2077 corpo path video excerpt, greatly fits the part where you explain how big corporations will win from fragmentation. And is just great that perhaps you’re a fan of this remarkable game 🙂
@GeorgeChernoff3 ай бұрын
Are you seriously picturing ww2 brutally evil powers (Axis) to the modern world China/Russia etc? Your illiteracy level is rude
@JonySmith-bb4gx2 ай бұрын
He's white
@diogomatos84242 күн бұрын
Congratulations on the video! My name is Diogo and I am Brazilian. From my perspective, I will explain what I think about emerging countries in the global south. We belong to the West and Brazil is increasingly closing unilateral agreements with Europe in the area of agriculture. In the field of renewable energy, the northeast of Brazil is receiving a massive investment of dollars to develop green hydrogen, as it is the best place in the world for directional winds and the climate is desert, favoring the use of solar energy. In the East, our largest trading partner is China, where it has strengthened ties with Brazil, since BYD is building a headquarters in Brazil aiming to make the country a global HUB. We buy cheap fuels from the Russians and are strengthening ties with the Middle East, since other countries such as Arabia and Egypt have joined the BRICS. Brazil is taking advantage of this global rift to position itself as an emerging and global power in the world, since we are the largest farmers in the world, we have a strong industry and we are one of the largest producers of renewable energy in the world.
@mevans49532 ай бұрын
Please do a video on how prices would change if the states of the US were able to negotiate taxes and tariffs with individual states. For example HEB in Texas no longer imports foreign produce with California, and how would things change and become cheaper if the states were allowed to have individual negotiations for the best price while protecting their own home businesses.
@Bolognabeef5 ай бұрын
I prefer the old videos style of narration, when you were much more specific in your technical terms and often cited econ papers, now you seem to have become just another "Economics Explained" channel who appeals to people with absolutely no experience in economics...
@dannydxm5 ай бұрын
Quite ironic given the earlier videos that would criticize exactly Economics Explained 🤣
@MoneyMacro5 ай бұрын
That is I think partially because most of my videos are about explaining what already happened while this about imagining what the future could look like. For something that hasn't happened yet, it's hard to find good academic sources. But that doesn't mean this video was less based on economic research. The 5 channels of fragmentation are all from an IMF research paper which I reference. The speculative section about winners and losers is about what research so far has shown to be the consequences from previous fragmentation events rather than me just speculating. Anyway that is how I tried to still use as much research as possible. You can find all of them in the script on my website as always.
@Danji_Coppersmoke5 ай бұрын
@@MoneyMacro Fair enough.
@shuma34015 ай бұрын
Hi Money & Macro, Thanks for the video, but I have a concern regarding the use of outdated World War terminologies such as "axis" and "allies" when talking about BRICS countries. It gives the impression of a biased viewpoint, portraying non-Western approaches as "evil" or undesirable, which might be seen as promoting a specific political agenda. Let's aim for impartiality and precision in our discussions. Excited for more well-rounded content.
@Peizxcv5 ай бұрын
Remember Bush's Axis of Evil? Calling anyone "Axis" today is an attempy to conjuring up image of Axis in WW2. Calling Russia and China Axis is obviously not a coincidence which is funny as they fought the hardest and suffered the most lost in WW2 while the 3 Axis powers in WW2 are labeled "Allies". This map looks like a WW2 fascist's wet dream
@asier_getxo5 ай бұрын
the moment he said axis it stopped being well rounded and entered into the propaganda realm.
@shuma34014 ай бұрын
@@asier_getxo With the new thumbnail, he's really leaning into it. 🔄 It's intriguing why he's jumping on the resurfacing Cold War rhetoric bandwagon. 🚂 Many channels are joining in, predicting the downfall of non-western economies due to the West's deteriorating economic system fueled by high inequality, fostering an 'us vs. them' mentality. 😞 It's disheartening to see even a relatively unbiased channel like Money Macro getting entangled in this narrative.
@joepvandijk79493 ай бұрын
You cannot separate economics and politics, so much is clear. Calling the "BRICS" "Axis" is really weird. In what sense do they look like Adolf Hitler's Germany? You can disagree with policies and wars (I do all the time), but mixing up terminology like this is really "evil" in its own right. An economics' professor should have some basic knowledge of history, no? Or at least he should inform himself better. And why is India not included in the "BRICS/Axis" of his? for the I in Brics IS India!
@ej283 ай бұрын
@@joepvandijk7949 Literally put the 3 major axis powers in the "Allies" and the two hardest hit countries by Germany and Japan in the "Axis". Western propaganda gets such a free pass it would be funny if it wasn't so sad.
@danielsolodov42225 ай бұрын
You have misplaces the "Axis" and "Allies" labels I believe...
@MGZetta5 ай бұрын
For real. I don't see the "Axis" side in this video inviting Nazi SS veteran to their government hall and give him standing applaud.
@joaquimbarbosa8965 ай бұрын
@@MGZetta But I do see one nation in the axis (Russia) who not only defended nazi Germany, is also using their execuses for the same acts (war and territorial conquest). Overall, most countries marked with the axis are dictatorships and mostly fascist states to
@MGZetta5 ай бұрын
@@joaquimbarbosa896 Russia killed 80% of the Nazi army. You need to try harder, lil bro.
@joaquimbarbosa8965 ай бұрын
@@MGZetta Omg...That doesn't even change anything I said... Also no, they fought aproximatly 2/3's (wich is less then 80%...), but that was for exemple with gigantic american assistence in giving equipment. Not only that, the atacks on NA also made it a lot harder for nazi Germany to get fuel and resources for its army, wich really helped the soviets. As a plus, the british fought a good part of the german airforce wich was a crucial part of german military strategy. Stalin himself said he wouldn't have won without american help... So you try a litle harder and also try to get on topic because again, none of this changes the original comment
@MGZetta5 ай бұрын
@@joaquimbarbosa896 "gigantic american assistence" bruh, all of their "assistance" add up to a monetary value of a year of Russian defense budget in PEACE TIME. lmao. Talk about over valuing your worthless rotten canned food while trying to down play an army destroyed 80% of nazis. only million nazis held the entire western front while 8 million nazis getting rolled over in the east. learn history, before you start talking.
@julienhe41875 ай бұрын
that map at 2:23 is very bizarre why did you mark Myanmar as Axis. They were still a british colony and were invaded by the japanese?
@kth67365 ай бұрын
They are under chinese control now.
@fyang14295 ай бұрын
He uses modern maps for all of those. Just don’t take those maps too seriously
@Treyrizer5 ай бұрын
Alright my favorite economist uploaded
@TheAshutosh583 ай бұрын
I'm a simple man I see incorrect map of India on thumbnail I press report
@donhuang98552 ай бұрын
De-Dollarization is inevitable and will accelerate when other regional economic grouping such as ASEAN, the Middle East and AFRICAN nations join BRICS to develop their very own swap inter-currency arrangements, and using alternative SWIFT payment systems as a De-Risk” financial mechanism in order to lessen their exposures to the coercive behavior of the US government. The envisage goal of De-Dollarization is to dilute the global use of the USD down to 30% of global trade transactions and hopefully defang the ability of the US government to manipulate the USD via FED *interest rates / QE) intent on harvesting the hard earn wealth of the global economies.
@uninstaller28605 ай бұрын
Maybe you don't want to focus too much on history, but I'd love to see a video on who were the winners of the first de-globalization wave
@AaBb-ez9zj5 ай бұрын
What makes you to think russia-china block is axis while nato had recruited ex-nazi soldiers?
@asier_getxo5 ай бұрын
And the "allies" have all major axis powers (italy, germany, japan).
@joaquimbarbosa8965 ай бұрын
@@asier_getxo Wich are now democracies...? Meanwhile previously allies Russia and China are now dictatorships for exemple. Its almost as if the video isn't trying to show WW2 data but instead making an oversimplistic representation of "good and bad" guys...
@asier_getxo5 ай бұрын
@@joaquimbarbosa896 yes ofc it's propaganda. First, I will never call liberal democracies a democracy, just as the founding fathers didn't want to. Second, it's not like if the allies / axis were a division between democracy and dictatorship.
@user-ce5vd2qv7y4 ай бұрын
@@joaquimbarbosa896 if you think Russia and China are dictatorships then USA is a terrorist organization, we can play this game. If you think USA is "good guys" i really feel sorry for you
@khusravgafurov64802 ай бұрын
@@joaquimbarbosa896 And what? At that time, they were also not very democratic, but the fascists killed 60 million people in these two countries alone, while their populations fought for the freedom of their country from the fascist invaders. The same “democracies” gave civil rights to the black population just 50 years ago, colonized peoples 100 years ago, and engaged in the slave trade 200 years ago. Racists and fascists are also products of these democracies; how long have they become a moral beacon and standard?
@meklavier46645 ай бұрын
Lol. Why are u labelling the red as axis? You do know that china and russia is in the allie camp during ww2, while japan and germany are in the axis camp which happen to be painted green in your map
@ja_u5 ай бұрын
Ever heard of the Cold War? Italy also once was Rome who dominated the Mediterranean. Those times are over which is why we don’t call Egypt Roman either. And the point is that the Allie’s are United in a fight while axis is more of a loose bunch of inside focused nations. China and Russia a well as the entire BRICS bloc isn’t allied with its partners in the sense e.g. NATO is, it’s more of a very general and loose interconnectivity
@user-ce5vd2qv7y4 ай бұрын
@@ja_u you mean the war where American want World Dominance so it cranked out a bunch of propaganda telling us "communism is bad" How's your housing bubble these day?
@Subhash_VCUАй бұрын
And increase in only fans content creators as economy activity decreases but yet cost for luxury ranks high
@hubrismaxim5 ай бұрын
The USA has always been one rule for thee and one rule for me. Forcing other countries to be open while being closed themselves. Still the free countries will be those who don’t align with unfree regimes(Us/Eu/Cn/Ru).
@queenvrook5 ай бұрын
Yet another Russian bot
@hubrismaxim5 ай бұрын
@@queenvrook How? Russia is a bad country like the USA. US corporate success has largely been from government funding and military imposition on the global south. Colonialists countries like the USA and Russia are oppressive and the enemy. I’m actually from the global south. Are you?
@avernvrey74225 ай бұрын
Insulting to put the lands and peoples who suffered the highest causalities fighting against the Axis Powers in this new imaginary "Axis" block. All while putting Germany and Japan in the "Allies."
@mrsupremegascon5 ай бұрын
World change
@Peizxcv5 ай бұрын
@@mrsupremegascon So 2 of the biggest socialist nations are the new Axis while the country with the senator that ask every Asian "Are you Chinese?" is the new Allied. Interesting how the terms switched meaning
@mrsupremegascon5 ай бұрын
@@Peizxcv Exactly as the 40s axis were also socialists. Plus USSR was kinda part of the axis also, before they got attacked by Germany, they allied with them, invaded Poland together with them. Russians love to forget about that. And chinese were funded by the Nazis. That's why many Chinese soldiers in the 40s were using German gears. So no, it never changed meaning. Those 2 countries always were bullies.
@death_parade5 ай бұрын
Western-centric world view. They control the narrative. And narrative is half the battle.
@avernvrey74225 ай бұрын
@@mrsupremegasconyou want to imagine that the Empire of Japan was a socialist nation? That's cute...
@PedroHenriquePS00000Ай бұрын
Great video!
@AdrianCHOY2 ай бұрын
Given the current astronomical level of national debt and the rising tide of geopolitical tensions, my concerns are deeply rooted. If the United States were ever to default on its loan obligations, the fallout could be catastrophic, potentially igniting global conflict. History has shown us that when major economies fail to honor their debts, the consequences are severe. In the case of the U.S., such a default could wreak havoc on the global financial system. While the idea that the U.S. might provoke a large-scale conflict, such as a third world war, to evade its debts may seem far-fetched, it highlights the severe risks tied to fiscal mismanagement and international strife. If a nation can no longer fulfill its obligations to creditors, eliminating those creditors becomes a stark, albeit drastic, consideration. I worry we are already on the precipice of such a conflict. The situation is so volatile that a single U.S. default could be the spark that ignites World War III.
@ninjam775 ай бұрын
It's a serious thing but when looking at a map like 1:08 or 19:00 I can't help but think "failed state alliance" when looking at the supposed rivals of the west. Like China is a serious contender and Russia, while no where near in size is somewhat significant but everyone else in that block seems to be in a pretty poor situation, from hyperinflation, massive numbers of refugees fleeing the countries, civil war and economic decline.
@12undeadz5 ай бұрын
I'm sure they look back in the same way. Remember there is a lot of propaganda from both sides between your view and reality of those countries. Nothing is as good or as bad as it seems.
@Vitan895 ай бұрын
China is the biggest global economy by PPP stats.
@appa6095 ай бұрын
The real adversaries of the West in the coming century are China, India, Russia, Turkey, Iran, Nigeria, Kenya, and the Arab world.
@Aladhard5 ай бұрын
To think everyone said there will never be another world war since the economy is so globalized. That graph and history says something completely different. 2:00
@swenic5 ай бұрын
I would love to learn from you. However I am completely unable to attend or follow any schedule and my good intentions just don't pay the bills. Call it a moment 22 if you like. I wish you luck and maybe you will release the courseware for free in the future.
@Ikbeneengeit5 ай бұрын
Your videos should stay technical. Please don't dumb-down this channel. Thanks Joeri.
@Dekken885 ай бұрын
This was very interesting
@moddedtrg45 ай бұрын
I think you are wrong in using the terms axis and allies that's like trying to compare WW1 and WW2 making central powers the axis and entente the allies. There are no 2 opposing blocks for example BRICS, has different loyalties look at India, China and Brazil and UAE they have ties to China, Russia, America and EU. Similarly Turkey has relations with both the West and Russia. Europe also has big ties to China and still buys Russian products on a more limited scale. I will give you the benefit of the doubt but that's bordering on propaganda that everything outside the West is automatically evil.
@dmitryburlakov6920Ай бұрын
Leaving aside the connotation of the "axis", which may be neural but usually is not, I think this is a major flaw in such researches. There's no just two sides, and Allies here, while vulnerable from the situation, are much more untied than BRICS/Axis/south you name it. Interests of China, Russia, India, South America and South Africa are very very different. To the point that they will have issues cooperating, they already do. Russia can't strike good deals with China, India maximizing on profits but doesn't distance themselves from us or eu, a lot of movements happening there in general, not all of the counties that are supposed to benefit see this dynamics of fragmentation as positive. While indeed it's a sign of fragmentation, it's not homogenous.
@rafariffАй бұрын
It's interesting that what you can an "axis" is actually the group of countries that were expelled by the West from international trade. The allies in the 2WW, by the way, never accepted the USSR in their economic sphere. They were just ponytail allies against Germany. Also, free trade of money, capital and goods were never accompanied by free trade of people, except maybe for the European Union within itself. But it's a informing video, anyway.
@monkusaugustus40174 күн бұрын
"why the Axis vs Allies tho in the thumbnail?" They're an alliance of authoritarian militaristic expansionist dictatorship against an alliance of liberal democracies, it fits even if it hurts your feelings