Those French classes paid off! I can understand every word he's saying!

Thank you Thomas Piketty for the amazing speech.

His accent is so strong that the auto-captions translate half the words into random French. Go to 05:54 to see him discuss "evolutión de Tiger Woods jeunes donc when it rains"

@chucku00

5 жыл бұрын

YT auto captions are a gourmet treat sometimes, especially if you are stoned.

@agentsmidt3209

4 жыл бұрын

How profound.

@reginaldbraithewaite5833

3 жыл бұрын

@@agentsmidt3209: But at least chucku00 isn't grading Pikkety based on the impenetrability ratio of his accent. I'm a studio musician and couldn't help but be aware that Pikkety is such a nerd he didn't realize he became more unintelligible when he turned away from his lapel-clipped mic. But that said, Pikkety is important because of the content and detail he goes into in his overview and comparisons. Listening to him in roundtables with Stiglitz, Reich and other world-class economists always makes it clear how groundbreaking and content-rich he is. I'll put up with the difficulty of understanding him because I want to hear what he's actually saying. One other difficulty with this talk: he's effectively correcting what he saw as the narrower worldview of Capital in the Twenty-First Century. So instead of a summary of his later lecture, this is more like hearing him recite an updated appendix to his most important book. And of course his site offers the most current information on economic inequality, so he has nothing to apologize for! He could simply have talked about the larger context of economic inequality without having to correct his earlier focus. His comparison of India versus China and the U.S. versus Western Europe was fascinating, I thought.

@wille5263

2 жыл бұрын

You know economists are talking way too much about things outside their expertise when they start analysing the evolution of Tiger Woods.

@lunetelalune2783

Жыл бұрын

@@wille5263 #underrated comment

epic french shirt straining

@SAASSSeditor

4 жыл бұрын

the best comments really do rise to the top

pls put link in your website

Please help me know exact website he is talking about. Thanks

@edilee5909

Жыл бұрын

wid(dot)world

Why don’t you put time codes?

Don't turn on subtitles

@giriprasad1624

4 жыл бұрын

It's french subtitle in english

I heard that when the US had that high rate of tax (80%) very actually few paid it despite the fact it is a “fact”. is this true?

this has got me right in the mood for a bit of Thomas the Tank Engine.

@onewhosaysgoose4831

4 жыл бұрын

I like trains.

I DETEST anyone who thinks that correlation does not mean causation is a smart comment. Correlation is literally the only way we can establish causation. Learn about Hume's problem of induction. We need to give reasons why they could PLAUSIBLY be correlated or PROBABLY, like in this case which is so blindingly easy to do, (people with higher incomes have more books at home, the kids re exposed to more vocabulary, they are going to better schools especially in the US where schools are funded by property taxes in the school's neighboorhood etc. etc.) it's just so blindingly obvious that pointing that out adds nothing to the conversation. The reason it annoys me is that it has become SUCH a common quip by people who think they are intelligent.

@geoffrey955

5 жыл бұрын

You seem to forget that correlation does not mean causation.

@barryonthefly

5 жыл бұрын

“I DETEST anyone...” wow!

@AA-lu5gp

5 жыл бұрын

@@geoffrey955 It is a pre-requisite, so technically causation means colleration. There, fixed your cognitive dissonance.

@geoffrey955

5 жыл бұрын

@@AA-lu5gp Colleration. Really. Great.

@nomos6508

4 жыл бұрын

@@geoffrey955 ahah so true!

No wonder it has only 30k views

Wow, I feel for the hard of hearing; the closed captioning is unintelligible.

Jean Gerrard meets Ricky Bobby

1:30 history of income inequality in the world

we arnt mindless robots, and we arnt all motivated by 1 or 2 things (a desire of equality and care)... People need incentives for advancement and those incentives should be varied. you cannot eliminate misery with redistribution...Pol Pot, Mao, Stalin, etc etc tried... More transparency and more separation between business and government are required, not more interaction. You cannot be an impartial judicatory if your are owned by the defendant.

@blackhole3298

3 жыл бұрын

Pls stop it bot. U are commenting the same stuff under every video.

Would like Piketty to extend his observation to Schrödingers aperiodic crystal theory and Dawkins selfish gene aspects of observation. Would be a lever to add more radicality to his observations and conclusions, like general and specific theories of economical gravities......what a pity he would probably never dare....

Dammit, I wish he'd brought a translator cos this is a fascinating subject. If he spoke more slowly and didn't swallow his words he would make more sense. I didn't last to the end.

@Trystero_

8 ай бұрын

after a while you get used to his accent

10:55 Mexico

Thomas Piketty Vs Mom's Spaghetti

@NotQuiteFirst

6 жыл бұрын

There's vomit on his sweater already, Thomas Piketty

@filmbuffoon

5 жыл бұрын

First you won’t sleep at night Like Kruger, Freddy

boomshakalaka (Ali G, 2015). In the face of those still believing in this economic model

When somebody blithely mentions problems somebody created and then avoids telling us what those problems are or are likely to be, I usually assess that post as not worthy of a response. However if I feel for some reason that I can help that person understand, I will reply.

This man knows absolutely debunked

Well, we either have inequality or everyone can be equally miserable just like Venezuela

@AaaAaa-mh6zv

3 жыл бұрын

Thank you for your profound analysis.

what specifically is the problem with inequality?

@alphalobster8021

6 жыл бұрын

So is family. Everything in society is causes stress, depression and anxiety for somebody. But specifically, what is it about inequality that is so terrible?

@CYCHIATRIC

6 жыл бұрын

It’s the degree of it. Socially destabilizing. The morality of it too. We had the Gilded Age before the Great Depression.

@johnnysmit1315

6 жыл бұрын

nothing. those who are less than equal are envious and jealous and demand equality.

@johnnysmit1315

6 жыл бұрын

Alexander Anderson exactly it's neither good or bad. If anything equality is bad because it's unnatural and it's a massive attempt to change society and to lower those who by their merit or fortune(born that way) are better off

@CYCHIATRIC

6 жыл бұрын

Johnny Smit Never It’s the degree of it not the fact it exists. I’ve made crappy money and good money but i never felt jealous. But study history. Massive inequality is destabilizing. And it’s not ‘natural’. It’s produced by deliberate policy decisions.

Ignorance alert! See below

This kind of invitations make me infer that education can be shitty even in great institution´s

yawn ....

Economic inequality isn't a bad thing

@fuppetti

6 жыл бұрын

It is, if you hold equality to be the most important thing to achieve.

@ingridluyt7538

6 жыл бұрын

And when you recognize there is no such thing as equality...that which has never, can never and will never be either desirable or achievable anywhere in the World....perhaps only then can one begin to deconstruct backward toward sanity, all these weird theories. I have long studied Piketty, knowing only that he was French. 2 minutes into this presentation, seeing him in the flesh first time, has answered all my hitherto unanswered questions. But for one: Is he off his rocker or is there something terribly, terribly wrong with our political systems?

@stephenowen3383

6 жыл бұрын

First Right so, I believe the most sensible view on this to be broadly the view of people like Piketty, who don't believe in absolute equality or the Abolition of currency, and thus the destruction of the biggest incentive for aspiration in our societies, but recognises that too much has profound psychological damage and whilst it isn't necessarily immoral, is not a recipe for a functional society. There needs to be a balance, as with every possible value in society. Liberty and justice can too lead to problems if there is too much or not enough.

@paulschmitz1275

6 жыл бұрын

First Unjustified inequality is a bad thing. Inequality is only justified as long as the whole society is better of as the result of that inequality. But if inequality is the result of unproductive rent seeking it's not justified. In the end the income and wealth you get largely depended on factors you have no influence over like parents, IQ, education, upbringing and even traits like "working hard" are mostly determined by genetics and upbringing. So why is it fair that we reward intelligent people with large incomes? It's because everyone is better of when we do so, with the right incentives smart people usually create a lot of wealth for society. The problem is a lot of inequality is not productive for society as a whole and should be solved.

@stephenowen3383

6 жыл бұрын

Paul Schmitz Well I disagree, inequality is only bad if it is actually harmful towards society, it really doesn't matter what the origin is I think. To me the issue is when it causes massive societal problems, so frankly even if theoretically there was massive amounts of justified inequality, it would still cause societal problems later down the line and be part of the reason why people are trapped in poverty.

He should better study the Pareto Principle, and then talk

@AA-lu5gp

5 жыл бұрын

Perhaps you should revisit the Pareto Principle and consider its application to the questions discussed in the video in their context.

"A society that puts equality before freedom will get neither. A society that puts freedom before equality will get a high degree of both." -Milton Friedman

@rudiesan_89

5 жыл бұрын

The beautiful comment above was brought to you by... JP Morgan, Multinational corporations, Neoliberal organizations & The Pinochet Endowment.

@Monopolist91

5 жыл бұрын

@@rudiesan_89 Nah, just freedom loving humans with IQs above room temperature.

@rudiesan_89

5 жыл бұрын

@@Monopolist91 Unfortunately.. it takes an IQ above a room temp. to understand a proposition between freedom & equality is laughable. Such a binary decision suits those that are only determined in seeming smart.

@SeparadoresAtecon

5 жыл бұрын

@@rudiesan_89 i think most people concentrated in inequality are just fueled by envy , bill gates is richer than me, and im not after some politician to steal his money and hand it out to the masses (keep in mind that the politician will take his share of this money to play the middleman) , once you do that microsoft is gone, with the thousands of high paying jobs that it created, and for what, for a few foodstamps per family? You cant help the poor by weakening the rich, never worked, never will.

@chucku00

5 жыл бұрын

"My milkshake brings all the boys to the yard." -Kelis

Hmm. Listening to this after Jordan Peterson ... is a real letdown

@OdwallaJuice

6 жыл бұрын

not enough lobsters for you?

@AA-lu5gp

5 жыл бұрын

@@OdwallaJuice Suspect too highbrow, compared to Peterson's drivel.

@allthatmusic2527

4 жыл бұрын

I was thinking the same thing. Peterson is better at interpreting data.

@caffeinator1849

Жыл бұрын

​@@allthatmusic2527 oh my god you're so clueless its almost funny

His book sucks