Thanks for this. I was literally yelling at the screen while watching the original Economics Explained video.

@MoneyMacro

2 жыл бұрын

Awesome!! Love your channel by the way!!!

@LacayoDe

2 жыл бұрын

I screamed so hard as well

@RobVaderful

2 жыл бұрын

me too...

@lphoogenboom

2 жыл бұрын

@@MoneyMacro I love it when all my favorite orange channels come together

@Exevium

2 жыл бұрын

You have no idea you featured my high school sweetheart on your channel, and how I got small butterflies when I saw her again. Thank you for that!

Explaining economics to "Economics Explained"

@a.j.4644

2 жыл бұрын

Underrated comment.

@monsterboomer8051

2 жыл бұрын

Paaamp the comment.

@grod805

2 жыл бұрын

EE is such an awful channel

@RaitoYagami88

2 жыл бұрын

@@djeieakekseki2058 EE needs to close down the channel, more like.

@rodolfodoce

2 жыл бұрын

classic

That is the problem with informing yourself through YT. If "serious" scientists tamper with data to prove a point or to validate their personal points of views somewhat frequently, imagine what a random youtuber won't do. At least in the research business, papers have to be peer-reviewed. So big props to you for "peer-reviewing" EE's video.

@zlosliwa_menda

Жыл бұрын

To be fair, EE could have made the video in good faith, but simply didn't understand the data and drew the wrong conclusions.

@damianborkowski7429

Жыл бұрын

As you mentioned YT videos can also be peer reviewed. We just need an algorithm to match a video with its peer reviews

@kieranrollinson8750

Жыл бұрын

DUDE!!!!!!!! YOU LITERALLY JUST MADE A BAD FAITH ARGUMENT!!!!!! YOU PRESUME SOME RANDOM NEFARIOUS / SINISTER / BAD INTENT ON THE THE PART OF THE RANDOM KZreadR!!!!!!!!!!!!!! BEING FACTUALLY WRONG HAS ABSOLUTELY NOTHING TO DO WITH LYING AND/OR MISLEADING SOMEONE!!!!!!!!!!!! :D :D ALSO, WHY THE HELL WOULD YOU WANT TO REDUCE WEALTH INEQUALITY??????? SHOULD A 40 HOUR PER WEEK DOCTOR BE PAID THE EXACT SAME AMOUNT AS SOMEONE WHO IS ON GOVERNMENT WEALTHFARE????????? SHOULD SOMEONE WHO WORKS 1 HOUR PER WEEK BE PAID THE EXACT SAME AMOUNT AS SOMEONE WHO WORKS 40 HOURS PER WEEK??????? SHOULD A CEO WHO IS RESONSIBLE FOR THE FINANCIAL HEALTH OF A COMPANY WHICH EMPLOYS HUNDREDS OF THOUSANDS OF PEOPLE BE PAID THE EXACT SAME AMOUNT OF MONEY AS SOMEONE WHO WHO LIVES OFF GOVERNMENT WEALTHFARE?????????? WHY THE HELL WOULD ANYONE WOULD IN A COUNTRY WHICH ACTIVELY PREVENTS THE ACCUMULATION OF WEALTH BY SPECIFIC INDIVIDUALS!!!!!!! WHICH IS EXACTLY WHAT REDUCING WEALTH INEQUALITY SEEKS TO ACHIEVE!!!!!!!! THE ONLY WAY TO COMPLETELY GET RID OF WEALTH INEQUALITY IS TO FORCEFULLY, AT GUN POINT, VIOLATE EVERY SINGLE INDIVIDUALS PRIVATE PROPERTY RIGHTS AND STE4AL THEIR PROPERTY AND LIQUIDIATE IT, AND THEN GIVE THE WEALTH TO THOSE WHO DID ABSOLUTELY NOTHING TO EARN IT!!!!!!!!!! I WOULD NEVER WORK A DAY IN MY LFIE IN SUCH A COUNTRY!!!!!! IN FACT, I WOULD IMMEDIATELY LEAVE SUCH A COUNTRY!!!!!!!!!!! ESPECIALLY BECAUSE SUCH A COUNTRY IS CALLED A COMMUNIST COUNTRY!!!!!!!!!!!! :D :D

@fractiousperson303

Жыл бұрын

@@kieranrollinson8750 what a beautiful example of a bad-faith argument. Unless you genuinely don't understand "reduce" and "eradicate" are not synonymous.

@kieranrollinson8750

Жыл бұрын

@@fractiousperson303 DUDE!!!!! YOU MISSED THE TNIRE POINT OF THE ARGUMENT!!!!!!!! YOU ARE ILLOIGCAL AND HEREBY DECLARED CLINICALLY INSANE!!!!!!!!!!!!! :D :D

EE is one of those content creators that sound very convicing on every topic you have low experience in. And then he does a video on something you have a good idea about and you tear your hair out watching his smug ignorance.

@RaitoYagami88

2 жыл бұрын

I've generally stopped watching videos about economics and politics on KZread for that very reason. Too many content creators stumbling around in ignorance, desperately scrambling for views.

@linusmayden8465

2 жыл бұрын

I had this problem when he did a video on Russia, it was such a bias video not even naming Russia's attempts to diversify it's economy away from resources or the fact that Russia's military sector is one of the top exporters. He was just "blah blah, Russia economy bad."

@ousarlxsfjsbvbg8588

2 жыл бұрын

@@linusmayden8465 His video on the Russian economy was so vague it was basically useless. I was really interested in how Russia was doing with capitalism after the dissolution of the USSR and from watching that video I essentially learned nothing.

@iller3

2 жыл бұрын

I think it's more a case of.... The things he specifically OMITS, leaves an idealized picture which resonates heavily with _temporarily-embarrassed millionaires_ and Libertarians because it's giving the Narrative that all wanna-be entrepreneurs wish to believe in. And that's the most impulsive & thus commercially Pandered to demographic ON youtube. The fact he's never explicitly focused any video towards being Critical of Reaganism + Clintonism is probably the most Intellectually-Dishonest thing any Global Economist could ever do and raises ALL of the Red Flags. ...but at the same time explains exactly why Boomer-Tube regards him as the Default-Recommend.

@linusmayden8465

2 жыл бұрын

@@iller3 Then again, his Norway video would contradict this because of Norway's mixed economy with profitable state owned enterprises that manage to build Norway's wealth fund, he seemed to promote it a little.

As a South African living in the Netherlands i can assure you there is much less inequality in every single way in the Netherlands. Except when it comes to sunshine and gorgeous vistas then South Africa is tops !

@MoneyMacro

2 жыл бұрын

Haha. I know man... I miss the Table Mountain national park every day.

@wich1

2 жыл бұрын

Actually, when it comes to sunshine and gorgeous vistas the Netherlands is very equal, it's equally terrible everywhere. Well, unless you cheat by including the Dutch Caribbean.

@TheSquidPro

2 жыл бұрын

I'm not looking forward to having BEE round two installed in this country.

@NLTops

2 жыл бұрын

I'm Dutch and I prefer my sunshine medium rare. If we hit 35 degrees I'm a puddle on the floor. Today's rain was wonderful, inmediately went out for a walk with the dog.

@Slimmeyy

2 жыл бұрын

@@NLTops Yep, definitely a bigger fan of a 15-30, preferably on the lower end of that scale.

I am a South Korean living in Britain, I laughed so hard with both videos about Korea and Britain. After this video I am getting increasingly aware that it wasn’t only the case of those two videos.

@annajones9701

2 жыл бұрын

What do you think economically about the UK?

@JR-mr1tw

2 жыл бұрын

His video about the UK was really lacklustre

@minseokshin4514

2 жыл бұрын

@@annajones9701 Long story short, it needs more push with manufacturing. Although UK is good at high value manufacturing I think there need to be more support from the government to those companies which want to come back to Britain. Other than that, I find Britain more economically advanced than South Korea, especially with welfare.

@Seb1l

2 жыл бұрын

@@minseokshin4514 Interesting, as a Londoner I find that South Korea's recent adoption of MMPR voting like in Germany or New Zealand will make it far more Democratically advanced and accountable than that of the UK/England.

@deannilvalli6579

2 жыл бұрын

It looks as if what we have really learned here is that EE is an unreliable source and not worth watching. Good to know!

I’m really loving these kinds of videos where creators like you are calling out other bigger creators in a peer-review esque way. It’s very much needed and appreciated 👍🏼

@humanperson8418

3 ай бұрын

Yeah. Educational platforms (like KZread) really need to more peer-review

Very interesting how I remember EE responding to this about how he's taking it all in good faith and would love to talk about it, but no matter where I check, his responses are gone. I think he posted about it on his channel's Community page, but there's nothing about this there either. I then checked his original video, and he did adjust the title - to the exact opposite of what you recommended. This kind of attitude really shines light on who to believe more.

As a dutchman and political scientist I got recommended the video. So many mistakes my head spinned and was out of there. Thanks for pointing them all out.

@MrSeanmcgall

2 жыл бұрын

And rider of Rohan*

@carimavandijk1091

2 жыл бұрын

@@Kruiwagenchauffeur how is political scientist an oxymoron?

@zevluvx

2 жыл бұрын

@@Kruiwagenchauffeur You're on a slippery slope making this argument in the comments of a video about economics lmao

@carimavandijk1091

2 жыл бұрын

@@Kruiwagenchauffeur huh? That's a misunderstanding of political science 😂 it's not science that gets political, it's poliitcs which gets looked at in a scientific manner

@carimavandijk1091

2 жыл бұрын

@@lucaslolz lmaoo, I don't look at peoples profile picture that much 😂😂 thanks for letting me know

I’m dying laughing of the “but if we dig a little deeper” comment after every quote haha

@ApequH

2 жыл бұрын

If you'd do that in the Netherlands you'll soon be under water ;-)

@GTfour01

2 жыл бұрын

He is rightly doing that though.

As a Filipino and economics graduate, I knew something was immediately up with EE’s videos when he released his video on the Philippines. I always thought his videos were ok for surface-level understanding, but that’s it. His Philippine video made it seem like he didn’t even read anything about the Philippines. There was no research done, it was all from an outsider’s perspective, and just generic. Happy to see that it wasn’t just me that found something wrong with his work.

@jeffbenton6183

7 ай бұрын

That was the Fifth Asian Tiger one, right?

As an aspiring economics student currently living in NL I loved this video. I love how you analysed his sources and showed that he had flaws in his metrics, comparison period and economic reasoning (all things that are highly focused on in research courses in the first few years) and so easy and well explained! From living here for quite a while now I can say that anyone who hasn’t properly lived here cannot judge from the outside. Yes there is room for improvement in any country I this world! But NL truly is one of the most well organised countries out there. Moving away from here now shows me how spoiled I’ve been the past few years, it’s jus tall so we’ll organises, controlled and communicated.

Stopped watching EE's videos after having seen a few like these. I'm not economicly gifted enough to debunk his videos but as a well of poor Dutch citizen I smelled something was wrong with that video.

@REByrd-ki3on

2 жыл бұрын

Just know that we in the Netherlands don't have a free market, we talk about the favor of the nation and therefore you my friend are last on the list.. The motor has to turn hard enough to forsee the income of the state

@darknessblades

2 жыл бұрын

Good example Even the poorest Dutch citizen lives a better life than the Poorest American Citizen. Since in the USA they can take everything you own. if you are in debt While in the Netherlands: they can at least live a somewhat normal life. [though there are a few corners that need to be cut. like only buying discounted items. or not go on Holidays] you live at least a much better life

@REByrd-ki3on

2 жыл бұрын

@@darknessblades believe me.. In the Netherlands they will take everything from you, if you don't have an adress then they will fine you 350 euros everytime you'll walk into a check, if you can't pay you'll go to jail.. The fact you don't see the homeless in the streets is mostly because police will bully them away... And you are right in the sense of if you don't have values and your willing to do anything then the government will get you on an infuse which will keep ur nose just above the water.. I'm not saying America is holy at this moment but it's at least build upon a holy thought which gives man the right on the persuit of happiness.. Believe me that an infuse on the lowest standards of life is no happiness and doesn't give room for any free minds. Therefor a self made man is an illusion in the Netherlands and pretty common in America.

@gamma830

2 жыл бұрын

@@REByrd-ki3on At least the tuition fees here are affordable without stressing people the fuck out about how much they'll have to pay back.

@johnvk7494

2 жыл бұрын

@@REByrd-ki3on There is SO MUCH wrong with what you say that I won't even bother to try and correct you. Just know that not even one single thing you stated is correct. But, good luck with that and other than that, I don't really care what you believe, especially since it doesn't seem to have any value anyway :) Oh, and obviously, no, I don't believe you. Greetings from Rotterdam!

As a Dutch historian, I couldn't get through the part where EE claimed we have lots of old money dating back to the 1600s. The 19th century in particular shook up so many noble families in the Netherlands (and we didn't have much royalty in the Dutch Republic anyway), that most of the richest families aren't even older than 150 years. To my knowledge there aren't many 'regentenfamilies' left, as most patrician families today trace back their heritage after the Napoleonic period or well after. These people are moderately wealthy, and are just a small part of the Dutch population.

@MoneyMacro

2 жыл бұрын

That is interesting because quite a few people commented on this. That I should have looked at regentenfamilies that were not in the nobility. Couldn't find reliable info on their wealth though.

@MisterDutch93

2 жыл бұрын

@@MoneyMacro Dutch regents were not part of the nobility, as there were no officials in the Dutch Republic who could grant them a noble status. The only true nobility we have that can trace their heritage back to the pre-1500s are few and far between and usually not of higher rank than 'jonkers/jonkheren' (squires). they were appointed by the German Emperor when we were still part of the Holy Roman Empire. 'Regenten' were self-made men, not belonging to any noble lineage. They were usually rich merchantmen or city- and state-officials. They loved the distinction of being powerful while not being noble at the same time. Many regent families lost their power after the Napoleonic era, while some were reinstated as 'patricians' by King WIlliam I (though he preferred to create newer noble families and use the aformentioned jonkers as the new 'elite', probably to strengthen his own position). 'Het Blauwe Boekje' still lists all the patrician families we have in the Netherlands. It's quite an extensive list but to my knowledge does not contain any information regarding wealth. After 1848 it has become rare for the royal family to grant noble status to citizens, so the amount of patricians today has not really increased much. They're probably still wealthy but that doesn't account to much compared to the entire population of the Netherlands.

@MoneyMacro

2 жыл бұрын

@@MisterDutch93 yeah, so how I understood it is that the current nobility was made nobility by both Napoleon and Willem I. But, then I assumed this would for at least a large part be old regent families. Wrong assumption?

@MisterDutch93

2 жыл бұрын

@@MoneyMacro The old regent families made up only a small part of Willem's appointed nobles. It was a strategic decision to maintain his own power. Willem didn't want to be influenced by the old elite. As a noble himself he knew the regents suppressed noble rights during the Dutch Republic, but he had to grant some of the old families new priviliges to appease them. Public opinion also played a major role. After the Napoleonic era (and a century of stagnation during the Republic's final years), most people were done with the old upper class. It was time for a fresh start, so to speak. This is why not many regentfamilies exist today. Most of them faded into obscurity.

@rubbishrabble

2 жыл бұрын

Yes, the Netherlands is a distant 20th in "ultra high net worth" ($50 million +) France 3750, Canada 3510, Italy 3560, Switzerland 3300 all nearly tied at 7th 8th 9th 10th page 22 Credit Suisse Global Wealth Report 2021.

I knew EconomicsExplained's video was deeply flawed already, however I had a lot of preconceived misunderstandings on how wealth inequality calculations work. Thanks for the high quality video fellow Dutchman.

I kind of love how focussing on you assuming that the EE video was made in good Faith kind of creates doubt that it was. Was really puzzled by his video but wasn't sure as I have no background in economics and know suprising little of my northern neighbours. Thanks for this video. Loved it.

I'm an expat living in the Netherlands and I was very surprised to hear that the Netherlands was even close to the top for inequality. That being said I was/am a big economics explained fan so I didn't really question it too much, I'm glad this video exists to set the record straight.

@pinzinkinzin4066

2 жыл бұрын

Beware that basically every video of EE is riddlded with false claims and false numbers. Stop watching it.

@simonjaz1279

2 жыл бұрын

@@pinzinkinzin4066 I've only watched a few and its one of those eh kinda channels. Kinda like that just bikes Channel who thinks everything has to do with urban planning when it doesn't. At this point, I just watch to hear another opinion but usually to get the clicks they are wrong 50% of the time.

@oscareduardoortizpacheco5612

2 жыл бұрын

Hi, Mellow Mike. I have a question, why do you call yourself “an expat” and not “an immigrant”? I’m asking this, because English is not my first language.

@mellowmike6263

2 жыл бұрын

@@oscareduardoortizpacheco5612 I'm not really sure to be honest, people in my circles just use the term so I use it too. I believe an immigrant intends to live somewhere permanently whereas I intend to here temporarily. But I'm not 100% certain

@oscareduardoortizpacheco5612

2 жыл бұрын

@@mellowmike6263 Thank you very much for your answer. I hope you have a great day! Take care, amigo!

If you look at the 2018 version of the CS report ... Netherlands comes out roughly in the middle, so somehow in one year inequality jumped so many places? Bad data, bad interpretation. The real sin of the EE video is the evidenceless storytelling, though - may as well conclude "Well, Dutch people are tall, so their wealth tends to stay higher." Thanks for this!

@aralornwolf3140

2 жыл бұрын

That's a good summary of EE's work... bad data, bad interpretation, and unwillingness to state otherwise. He created a video about Donald J. Trump's economics' policies. He concluded the video with "Trump is following through his economics' plan and that's good." While never mentioning all the negative effects of Trump's "Plan".... leaving Trade Agreements because they were multi-national instead of them being 1v1 hurts the US economy in the long term. Putting Tariffs on China, Europe, Canada and many nations only hurts the US economy... as one Trade Minister/Advisor said "we can do stupid too" before putting retaliatory tariffs on US goods. EE's video makes it look like Trump is doing a good job with his "policies"... Yet, both are just uttering garbage.

@victorhopper6774

2 жыл бұрын

@@aralornwolf3140 yet in your little mind tariffs on usa goods by every one of those countries is fine and dandy.

@CarrotConsumer

2 жыл бұрын

@@victorhopper6774 That's not what he said bucko.

@pragueuprising560

2 жыл бұрын

Well the data on Dutch people being tall is quite robust so I’d like to see some evidence that doesn’t elevate the country’s wealth. Are they keeping money in their shoes?

@wcg66

2 жыл бұрын

At least you might have a real correlation between height and wealth in the Netherlands which seems to be more solid evidence than the EE video.

I have somehow found myself in an area of KZread focused on city planning and economics, mostly pro Netherlands, and I’m loving it

Thank you for this! I have absolutely no clue about economics and got somewhat into EE's work in trying to understand it, and if you haven't ever actually studied this stuff a lot of the things he says and shows seem very convincing and even self-evident. Seeing other people in the comments here saying they've seen similar issues with a lot of their videos, some more charitable than others, has made me pretty wary now actually.

EE employs the tactic of "When you've no good data, just talk fast and sneer"

@AnymMusic

2 жыл бұрын

just pull a Ben Shapiro to seem smart

@hithere5553

2 жыл бұрын

The Ben Shapiro school of thought.

@somethinglikethat2176

2 жыл бұрын

In the video EE is clear that it's from a narrow point of view and that there is a lot more to economic data than just the headline. Ironically you made the same mistake he was cautioning against.

@bobfg3130

2 жыл бұрын

@@somethinglikethat2176 Yes but he still concluded that Netherlands was "the most unequal country on Earth". That was a big mistake.

@hithere5553

2 жыл бұрын

@@night6724 lol

I had so much doubt about EE's video I kept thinking it was clickbait. Even as I watched it I was convinced that it had derived the assumption from a very distorted perspective. I just didn't know enough facts to dispute his claim until watching your video. But even then, you either have to really believe that taxes are evil, or totally oblivious to the state of the world to really think that the Dutch economy is the most unequal in the world. Thanks.

@MoneyMacro

2 жыл бұрын

I had the same feeling ... even though I'm an economist from the Netherlands... the research needed to disprove this all was quite a lot. That's because the original was based on some limited information and logical storytelling... just very shallow and therefore often wrong.

@Quickshot0

2 жыл бұрын

@@MoneyMacro Thanks for the research, pulling all the data together like that to definitively show what's wrong with it can be quite a lot of work, but it's very informative.

@LookingEastChannel

2 жыл бұрын

@@MoneyMacro that is how disinfo (or messages with that effect) works. And works. It just takes so much effort to get every claim verified, and to make something of the "spaghetti argumentation" that most people have a sense 'ok, whatever, if you say so, it seems you did a lot of investigation so...'. And thus it remains unchallenged.

@Niosus

2 жыл бұрын

Not that this is a proper argument, but the gut feeling is also completely off if you know the country. I'm Belgian myself, but many policies are shared or at least similar between the countries and if you follow the news you'll find that they face similar challenges. It's just so obvious that the vast majority of the people are middle class. There are a lot of social systems that help and protect people. Wages are decent, even for jobs that don't require education, and even the high end don't pay ridiculous amounts until you get to the absolute top. People only really go into debt to buy houses, and everyone get a pension at an age when they're still young enough to do something with it. Sure there is still poverty, but if I had to pick any country to be poor in, the Netherlands would be on that list. Similarly there are some extremely rich people. But if I had to pick any country to bring a fortune to, the Netherlands would definitely not be on that list due to the high taxes. The EE video just makes no sense. Even if the actual numbers were correct, the reality on the ground would still be far from what those numbers show. If you go just across the pond and visit London, you'll be immediately struck by how there are multiple societies in that city. It's just so obvious as well. I've never had that in any Dutch city.

@hansisbrucker813

2 жыл бұрын

@@LookingEastChannel Otherwise known as a Gish Gallop :)

Absolutely brilliant analysis! Thanks for your hard work and excellent rebuttal. Much appreciated. Dank je wel kerel!

This was the nicest I've ever seen someone thoroughly tear apart an argument. Great work!!

Groningers and Australians who talk about economics have one thing in common: their accents make their audience believe they always talk no-nonsense common sense.

@n0visual541

2 жыл бұрын

@@jackie.sussex_squadnetherl9366 r u ok

@XMysticHerox

2 жыл бұрын

Well yeah the correct accent trumps stupid things like evidence or reasoning. See Sargon of Akkad as a good example.

@andreklooster6058

2 жыл бұрын

I am Dutch, can confirm ..

@therealdutchidiot

2 жыл бұрын

@@jackie.sussex_squadnetherl9366 No. When you present horrible "research" you deserve to be called out on it.

@Adama.1

2 жыл бұрын

You mean dutch, this isnt a groningen only accent lmao

Excellent video. We need more like this where You Tubers are subject to peer review for the evidence or lack of it in their opinions. Thanks for your contribution to a better educated society.

Excellent video! I was really surprised when I saw the original, but this one clarified a lot of the points made in the other!

Thank you for this. I remember being very surprised when the initial video came out, so it was nice to hear a reply.

EE sounds angry about how “unequal” the Netherlands is - just watched that video before watching yours. Thank you for pointing out the lack of good research on the part of EE, which makes me wonder how well researched his other videos are. I am in the middle of writing a book, and struggled with one short, simple paragraph. Turned out I did not have the correct information; after I found it, writing the few sentences I needed was easy. I assume the same applies when putting together a KZread video. Taking time for thorough research is important if you want to be believed.

@MoneyMacro

2 жыл бұрын

Yes that totally applies to writing the scripts for these videos as well :). Same is for academic research papers. The most effort is spent on discovering how something works. Then, when you know, it seems obvious in hindsight.

@koentjuh782

2 жыл бұрын

I'm not an economist or econ student and I like EE's channel to get some info on these topics. Personally I think he's good faith. However, as a youtuber there's huge pressure to make a lot of videos to get sufficient numbers of views and the algorithm not nuking you. I think that may be the reason why he sometimes rushes his videos and his research for these videos can be poor/flawed

@MoneyMacro

2 жыл бұрын

@@koentjuh782 I assumed that was the case in this response as well. Let's hope we are right :).

@lucaaz14

2 жыл бұрын

But still the wealthiest 1% has 95% of all the capital in the world. Finally now there was introduced a tax on capital

@ericvandruten

2 жыл бұрын

@@lucaaz14 That would be theft.

I lived 6 years in the Netherlands and always had the impression that it's a very equal country w.r.t. wealth, even more equal than my home country Germany.

@jeffreygroen9191

2 жыл бұрын

There is a old tradition to not show off how rich you are. You are not judged by your car or clothing, so most rich people just blend in. People of different classes interact regardless of the ammount of money on the bank.

@RosesAndIvy

2 жыл бұрын

@@Mocha. What do you mean it has no middle class?

@Jaapst

2 жыл бұрын

@@RosesAndIvy Nederland is veel ongelijker.

@qqqwark

2 жыл бұрын

Stop smoking that weed

@Jaapst

2 жыл бұрын

@@qqqwark best weed you are just jalous

You did a great job investigating these economic issues further. Keep digging on those issues and we’ll done.

I drifted away from the EE channel when I started getting the feeling he was a schill for laissez-faire capitalism. Nice work on your re-buff.

@sonayyalim

2 жыл бұрын

There is a good amount of far-right money behind those channels. They always start with credible knowledge, gain some momentum and dump their bullshit. It is their way of fighting independent media.

@willjensen5595

2 жыл бұрын

Just curious, if EE blames capitalism for the wealth inequality in the Netherlands and proceeds to criticize the Dutch government for ineffectively taxing wealth, how is EE a "shill for laissez-faire capitalism?" I'm not trying to be tendentious, but what your'e saying doesn't seem to relate the situation at all. Although, I agree that EE is not a reliable channel.

@shawnjavery

2 жыл бұрын

@@sonayyalim good to know it's not just me feeling that way. Visual politik was another channel where I felt alienated after a while for similar reasons.

@georgeaird4637

2 жыл бұрын

@@willjensen5595 In the video he basically argues that wealth equality isn't a problem because if it's so high in a country like The Netherlands (its not) where living standards are high then clearly it's a necessary evil and can maybe even be a good thing.

@gebys4559

Жыл бұрын

Word

Do we remember when Wikipedia first emerged as a source for reference material and our teachers warned against using it as anything more than an outline? Yeah... now we have KZreadrs who are financially motivated to put out whatever superficial content attracts clicks. Great video production & editing + catching topics and titles = popular content. Truth or at least objectivity be damned.

Goede video en duidelijke uitleg. Daarom is het belangrijk om alle feiten op een rijtje te hebben voordat een video wordt gepost.

Thank you for this. It's always good to have dissenting opinions. Keep it up.

This is an awesome summary, congratulations! Interested in more of your videos now :)

So the Netherlands is just the country with the best data in the world 🤣

@joshentertainment2

2 жыл бұрын

cheapest data

@danijelandroid

2 жыл бұрын

The Netherlands had also good/best data in WW II.

@dikkekater

2 жыл бұрын

Regrettable enough, sadly

@ApequH

2 жыл бұрын

@@danijelandroid Both painfull and true

@ftc-nl1041

2 жыл бұрын

Netherlands is the most corrupt country.

I never clicked on a video this fast. Thanks for the upload. Cheers!

@MoneyMacro

3 жыл бұрын

Haha awesome, thanks!!

This is such a great video for anyone working with data on how to treat data sources. Great Video!!

Hello from Groningen!! Glad I came across this video as I had my doubts about the original video!

Good video. A while back someone made this 'most unequal' argument about the Netherlands to me. I didn't belief the data was correct and knew there had to be some errors made, but didn't have the time or resources to figure it all out for sake of correcting someone about this. Thanks for this in-depth explanation. If I ever come across this argument again, I know now what video to refer to!

@MoneyMacro

2 жыл бұрын

Hehe great! That was one of my main motivations to make this video. So, I'm glad it can be useful in these situations.

The wealthiest 1% of Dutch households own one-third of the Netherlands' private assets, it is however hard to really know how much wealth people own as billions are locked away in tax havens.

Good video, discussion and critiscisms are our best tools to together get a more precise understanding of economic.

Really appreciate the rebuttal. I loved his video and I loved yours. Constructive criticism is great.

I've watched a few EE videos, but every time I walked away not really impressed. It always felt like a high schooler doing a presentation for class

@AnnekeOosterink

2 жыл бұрын

It felt like someone had picked a statement to argue and would not be dissuaded from arguing that despite all the evidence pointing to the opposite of the statement.

@MikeStoneJapan

2 жыл бұрын

this

@sailorquestion3229

2 жыл бұрын

I saw better presentations than theirs. At least a lot of students make research and show the evidence. Whereas, EE has lots of time to produce each video and has multiple failures. I would not really consider them failures as they seem to be concious choices to enforce his agenda.

@harshjain3122

2 жыл бұрын

Yeah not the high school part but I am less and less interested about it. Maybe if he will reconsider the time and schedule of his.

On 11:21 "mortgage repayments in NL. are tax deductible" is unfortunately incorrect. Only the intrestpayments are deductible.

@MoneyMacro

3 жыл бұрын

You are right! I tried to address this somewhat in the 'the policies are often a bit more nuanced' comment on that EE bit. But, that being said, you are totally correct and I think that is an important part to highlight.

@siegfriedbraun5447

2 жыл бұрын

Correct. At 7:40 (in the original video), EE actually states this. Further, they state that some of these policies were in place "up until recently". Do they spin? Yeah, they do, but so do socialists.

@davidradtke160

2 жыл бұрын

Which is also true of mortgages in America too at least.

@tfunknationtown

2 жыл бұрын

@@davidradtke160 indeed

Just recently discovered this channel. I’ve been following EE for a few years and it’s great to have someone who can present alternative ideas on their topics. It’s not that I want to disprove anyone’s statements, I just think it’s healthy to look at things from multiple perspectives at once 👍🏾

i really appreciate this thank you, i would love to hear economics explained's response to this. I'm pretty comfortable with maths physics etc but economics has always been a nightmare for me. I am dutch born in new Zealand so i guess this has a special interest for me. I suspect ee has plenty of nuance in his understanding but I appreciate his generally nuts-and-bolts description of things. i would love it if he would respond

EE has made several premature videos. He just caught onto the segment earlier and became popular. Happy to see a response to one of his videos.

I saw that EE video and it was crazy. Actually unfollowed EE after that. Used to love watching their vids, but if they get that so factually wrong, how can you trust anything else they publish???

@austinsahms1810

2 жыл бұрын

Good call. Trying not to be too pointed but EE definitely pushes a particular view in the presentation of his material, even using bad data if he needs to. Its unfortunate how popular channels that claim objectivity while pushing an Ideologically charged viewpoint are on KZread these days. I majored in economics and philosophy and its a bit of an exercise in frustration watching channels on those two subjects these days.

@s4098429

2 жыл бұрын

Yeah you shouldn’t follow publishers that conflict with you world view or beliefs. People nowadays really need to surround themselves with like-minded individuals, it’s the only way we can protect the truth.

Oh yeah sub well earned, came here from the EE vid, and instantly had a feeling things werent presented as is realy is. Especialy since i recently bought a house my self. Looking foward to more. Er gaat niks boven Groningen!

Thank you for good research and explanation, I watch the EE video and found it puzzling.

I was a bit suspicious of EE when he claimed that the Netherlands was inequal. Good to know my suspisions were correct

@cjm8160

2 жыл бұрын

If you read the comments on most of his videos there are plenty of people who point out all his inaccuracies…. in every video

@donotreplydumbpeople3866

2 жыл бұрын

ACCORDING TO THE WORLD BANK, y'all like to cry over everything, EE just explain what the banks said

@djeieakekseki2058

2 жыл бұрын

do not reply dumb people if you actually saw the video the bank did not actually say that.

@dittikke

2 жыл бұрын

To be fair it was about 80% clickbait.

@bobfg3130

2 жыл бұрын

@@donotreplydumbpeople3866 No, Economics Explained said that Netherlands is the most unequal country on Earth.

After their recent video about inflation, I'm far less generous about chalking EE's mistakes to just some simple mistakes/misunderstandings. That said, I'm very glad that Unlearning Economics pointed me your way. I hope to see more high quality videos in the future though I know they're very time consuming to produce.

@MoneyMacro

3 жыл бұрын

Thanks! I'll keep them coming.

@MoneyMacro

3 жыл бұрын

On the inflation video, I did not see that one yet. Perhaps, it will warrant a response video of its own. I'm quite concerned about the quality of inflation videos on KZread in general. Very often they lack all nuance and just equate any money printing with inflation. I tried to address that issue in my video: "How to print money without causing inflation."

@MoneyMacro

3 жыл бұрын

By the way I just watched the inflation vid. Have the following hot take. What do you think? EE asks three questions: 1. When does inflation become an unsolvable problem? As far as I can tell he doesn't answer this question. 2. Why do people think the USA is immune from these? He states that this is largely because the U.S. is a reserve currency. I agree that this helps protect against a massive devaluation of the dollar and inflation that comes through that channel. But, that doesn't protect the U.S. from inflation caused by domestic overheating... Perhaps, he means that then there will be cheaper imports... he doesn't make that explicit. 3. What is the best way for people to protect themselves? Borrowing to buy assets such as property ... yeah he has a point... e.g. for Weimar Germany although if an economy completely crumbles .... I mean I don't think buying Zimbabwean real estate was the best option 2 decades ago. But, the biggest problem of the video... he states there is asset price inflation and that usually there is a very high correlation between CPI and asset prices (there is absolutely no evidence for this). So, he argues that we have asset price inflation (hence the title), and so this will soon spill over into CPI inflation.... This is very questionable since this has been the case for decades in most economies and hasn't happened.

@tazzioboca

2 жыл бұрын

@@MoneyMacro I'm an economist student from Brazil and would be very interested if someone covered the concept of inertial inflation of Bresser Pereira. Something that I don't see economists abroad covering at all and so important to understand hyperinflation in developing countries.

@MoneyMacro

2 жыл бұрын

@@tazzioboca I just had a look at it. Very interesting. It seems to me that there is some overlap with the expectations channel of inflation in the sense that once people expect a certain inflation... there is a self-fullfilling prophecy as workers demand wages to keep up with inflation, the increased costs are passed on by companies and so forth. Is that right?

It's really great you made this video. Everyone who has seen the EE video should see this to clarify everything.

This was a great video! I learned a lot!

I think there's a second issue, namely in that wealth inequality is, as a percentage number, not actually that interesting. Even if the percentage difference in wealth is very different, this doesn't actually say much. Wealth inequality is higher in countries with free education but higher taxes, compared to countries where parents have to save for their kid's education. It's also higher in countries with toll roads than countries with higher road tax. Wealth should really be measured in practical living standards, tho that is hard to do. Compare the person who is richer than 90% of the population to the person who is poorer than 90% of the population, and see how they live. Then suddenly you'll see that the Netherlands does great. Like, that poor person still has access to health care, still has a TV, still has a decent house (government sponsored rent helps with this), is still able to eat healthily, etc. etc. It's easy to see money as a number, and to some extent this is true. However, in countries that have more socialist policies (not that the Netherlands is extremely socialist, but still) the wealth inequality may seem higher, but if you look at what the poorer people are actually able to do, you suddenly see an enormous difference.

I found your channel while searching for videos on japan's economy and I've been binge watching the rest, your content is great. I also like watching EE, but I'm glad to see him corrected.

Thanks for an informing video, showing more nuance and a deeper understanding of the issues involved.

Thank you very much for making this.

EE really fell out of my favor with “the great labor shortage crisis” video where he more or less completely ignores that it’s not a labor shortage, it’s a wage shortage.

@80krauser

2 жыл бұрын

And a ‘Every ten years we have an economic bomb stealing all of my accumulated wealth so why bother just gamble on crypto’ problem too.

@Morrodin182

2 жыл бұрын

I haven't watched EE's videos so I might be fully wrong but ... it sounds to me like EE is making videos with a hidden right-wing agenda. Telling taxes do not help redistribute wealth, stating labor shortage for low earning jobs, ...

@tenchimuyo69

2 жыл бұрын

That and blimps replacing ships...

@Rayver112

2 жыл бұрын

@@Morrodin182 That wouldn't be out of place on youtube tbh lol

@xntumrfo9ivrnwf

2 жыл бұрын

@@Morrodin182 Seriously people, not everyone has a hidden agenda. I assume EE has formal economics training (as do I btw), and economists are not one homogeneous group who agree 100% of the time. Just like in any scientific field (yes, economics is a science :) not as strong as physics, but still), disagreement, peer review, etc. is important to push the field forward.

Really enjoyed the video, your analysis seems more sound than that of EE. Also living in the Netherlands I could not understand that the Netherlands would be the most unequal country in the world.

@Churros1616

2 жыл бұрын

But do you know what the wealth is of the super rich in The Netherlands. I am Dutch as well, we are not known for showing off like Americans or Arabs, but you do have the super rich in the Netherlands.

@GTfour01

2 жыл бұрын

@@Churros1616 Don't step in the socialist trap of bashing anything concerning rich people. They do provide the largest tax revenue, for example.

@lucaaz14

2 жыл бұрын

No they don’t. They don’t have to pay anything for their capital.

@ericvandruten

2 жыл бұрын

@@lucaaz14 that's incorrect; your statement is false. Correction I misread your comment: the tax is not on the capital itself (that would be theft), but on the 4% assumed interest / investment gain on that capital. With the current interest rate going around 0%, it effectively is a capital tax.

@lucaaz14

2 жыл бұрын

​@@ericvandruten can you explain why it is more fair to have tax on wages where people work really hard for and not on the capital someone inherets from their rich daddy?

Thank you for the video! This was very informative.

Thank you for making this video. This video makes a lot more sense than the video that economics explained made. I hate to say it but there’s always been something in a lot of EE videos that doesn’t quite do it for me. At first i thought it was the lack of confirmation bias but I’m more than happy to challenge my assumptions but only if the evidence the new perspective is based on is reliable

Thank goodness you made this video! I watched the EE video and it just felt so wrong but I was too ignorant to be able to counter the arguments. This makes so much more sense now.

That Gini doesn't even seem to make sense, how does a single country 17 points over the average tip it when there's dozens of countries with many times lower the average???

@45degreessouth61

2 жыл бұрын

Because GINI compares inequality within a nation. When comparing with the world it compares first world and third world. A country may be more 'equal' but still significantly poorer than an other country that is more 'unequal.'

@fennecbesixdouze1794

2 жыл бұрын

68 upvotes on this comment 🤦‍♀️

Amazing response, keep up the good work.

Dank je wel man. Ik was inderdaad erg gefrustreerd toen ik de video van EE zag. Groetjes uit Nederland

That video came through my feed one day and was convinced it was clickbait (as a result, I never watched it). I mean, as a Dutch citizen, I know some things are tilting towards a less social society. However, the most unequal country in the world? Yeah, that wouldn't be possible considering how relatively good the poorest of people have it here. You talked about his video in good faith, which is commendable, but I think his video is either just lazy research or politically motivated. Probably a bit of both.

@ericvandruten

2 жыл бұрын

I'm a bit confused to which video you're referring, with 'That video' and 'his video', respectively.

@Bralliemovies

2 жыл бұрын

@@ericvandruten he means that the video of economics explained was a bit lousy

@gnmsthink8874

2 жыл бұрын

I agree! I think he wanted to be unexplicit about ee's political motivations, leaving them in the middle and let the viewers make up their own minds about that by showing the really poor cherry picked research. Simultanously he is spreading more open minded and socratic practices on a heavily polarising platform and still making interesting quality content! Really digging it

@nathanm4444

2 жыл бұрын

@@ericvandruten kzread.info/dash/bejne/gaho08Z8o5iaiqg.html Deze moet je hebben. Wat mij betreft ook een erg Amerikaans perspectief van kanaal EE dat grote ongelijkheid de bepalende factor is voor zeer welvarende economieën. 'This inequality is the sign of a MATURED capitalist economy.' Nou heel grote ongelijkheid is juist slecht voor innovatie en startups, zeker bij een economie met een GINI van 0,91! Hahaha.

@ericvandruten

2 жыл бұрын

@@nathanm4444 dank je voor de link, Nathan! Bizar dat er mensen zijn die een samenleving nastreven waarbij het merendeel van de bevolking in de grond wordt gestampt

Thank you for this video. I was really confused about EE's video, so this does clear some things up. I struggled to find where he got the info from. I was looking for World Bank data, but I needed to look at page 117 of a Credit Suisse report.

Really appreciate this. I'm a big EE fan but good to hear another side

I regularly keep up with EE videos, I generally enjoy them. It does seem like they made a terrible mistake with their sorce material and makes me question some of the other videos. The quality of the videos have improved in visuals, looks like they have some work to do when it comes to data collection. You did a very good job at presenting the data, not just proving the original hypothesis wrong but also suggesting an alternative. It's important for KZread creators to be allowed to be proven wrong in a way that isn't ment to provoke controversy to please the algorithm gods. You did it the right way, and not as click bait, thats what I liked most about your video.

good video. I don't know much about economics but getting a critic of a video I never questioned is eye opening .

Well done, Sir. I saw the EE video and thought many of the same points you have made. The whole picture must be analyzed.

Thank you for your real research on topic

The whole EE channel seemed sketchy when I first watched it. So I really appreciate your good faith counter response. It brought solid balance to my "doubts" and I think you've done a great job! Would love to see your take on other EE videos. Seriously we need you!

@LeavingGoose046

2 жыл бұрын

Hell, I'm a low tax/regulation guy and even I steered clear of him after getting a wiff. Something didn't sit right with me.

@eVill420

Жыл бұрын

@@LeavingGoose046 same, well to a certain degree. the points were so obviously just false even though I didn't know the exact reason why

@Bustermachine

11 ай бұрын

@@LeavingGoose046 I probably sit on the opposite end of the spectrum in that I'm a 'minarchist' who just happens to think the minimum size for good government is still actually pretty large XD I think the biggest issue is that it feels like he's very carefully trying to say nothing. Which isn't the same thing as being neutral or trying to minimize your bias.

@LeavingGoose046

11 ай бұрын

@@Bustermachine Many a folk online have gotten a good knack for exactly that, elegantly saying not a single word of thought or meaning.

Jeetje. Dit is niet 'gewoon' YT videootje, maar een compleet college "be careful with statistics' in een paar minuten. Bravo!

@nocomment00

2 жыл бұрын

Klopt. Gewoon prachtig

@pequenoperezoso3743

2 жыл бұрын

i'm sorry what 😦

@SrMinhoB

2 жыл бұрын

Je moet ALTIJD voorzichtig zijn met statistieken en zelf kijken naar de bron(nen), hoe die zijn geproduceerd, geïnterpreteerd, wat er uit is gelaten en wat er juist in is gelaten om een bepaald beeld te creëren. Eigenlijk een no-brainer, want dit leer je gewoon op de uni (en niet alleen voor statistieken). Desalniettemin, erg goede video en duidelijk uitgelegd! :)

@flopjul3022

2 жыл бұрын

@@pequenoperezoso3743 she is speaking dutch translation: Jeez. This isnt just a 'normal' little YT video, but a complete college ''be careful with statistics' in a couple of minutes. Bravo!(Amazing!)

@sblijheid

2 жыл бұрын

Welk college? Ik snap die kerel nog minder dan die ene van de EE video. Het commentaar in de EE video was verhelderend, dit klinkt me vrij onzinnig in de oren; die knaap weet heus niet helder uit te leggen.

Thanks for laying it out so clearly! I remember watching that EE video when it came out and how misguided a lot of the conclusions seemed.

I was about to watch the other guy's video but a comment lead me here. Great, level headed work. Keep it up!

@MoneyMacro

2 жыл бұрын

Thank you will do

Also it is quite hard to determine wealth statistically as some of the most wealthy people don't "own" their wealth. It is often held by corporations, trusts, funds etc. This means that on paper it isn't their wealth. Not only does this make it hard to measure, but also compare as the laws regarding such measures to avoid taxes legally differ a lot from country to country.

@Bustermachine

11 ай бұрын

Adding to that, even measuring extremely large quantities of wealth is very difficult. To give an example, people like Bezos, Musk, Gates, Buffet, etc . . . Are among the richest in the world. But their money isn't instantly accessible. I mean, they have more money in liquid form than they could ever need for their personal use. But the vast majority of their billions is locked away in stocks and non-liquid assets like land, fine art, intellectual property, etc. What is more, liquidating any sizeable portion of that wealth could itself effect its valuation.

@N.i.c.k.H

6 ай бұрын

And this is precisely why wealth inequality does differ drammatically from income inequality and why we should expect the rich to want to keep it that way

I really enjoyed this video and you explained everything so articulately. I am now subscribed!

@MoneyMacro

3 жыл бұрын

Thank you. Very glad to have you as a subscriber!!

@johnverweij8368

2 жыл бұрын

Done also

Thanks! That is some impressive data forensics ;)

👏😁 I knew there was something wrong in EE's vid but I couldn't put my finger on it until seeing this. Keep up the great work.

I really appreciate how carefull you are to well represent EE's arguments.

Excellent analysis Joeri! Inequality is one of the most pressing topics in today's societies, so you could even do a series on it (e.g. Piketty's argument and surrounding debates, the role of monetary policy etc). There is a real demand for nuanced, quality economic analysis on youtube - so this channel will blow up 😬 (don't burn out though)

To be honest, without knowing anything beforehand about wealth inequality, even the tone of the EE video was enough for me to think that they have an agenda and are pushing it.

@monsterboomer8051

2 жыл бұрын

@@billyj.causeyvideoguy7361 OMFG, he is complete opposite of the free market. He stinks of regulations and goverment knows better.

@elwinowen5469

2 жыл бұрын

@@billyj.causeyvideoguy7361 I think he has a Masters in Economics. So somewhat better than the layman, but not particularly much.

@RaitoYagami88

2 жыл бұрын

@@elwinowen5469 I doubt that very much.

@harivatsaparameshwaran4174

2 жыл бұрын

@@billyj.causeyvideoguy7361 bruh he literally says that his favourite type of economies are big welfare Scandinavian models with high government regulation.

@Defenestrationed

2 жыл бұрын

What even is their agenda though? Like as far as politics are concerned he is probably pretty close to this channel. I don't see an agenda besides exploiting KZread algorithms and people's lack of information about economics allowing him to make videos on whatever.

Lovely content. Could you please do a video on the economy of South Africa as I feel the EE video didn't even begin to scratch the surface. Thank You!

Thanks for the video. Almost all videos from EE that I have watched seem to me as easy attention grabs.

Good stuff mate, thank you. Groeten uit België. :)

Thank you so much for this video! I watched the video from EE and was very surprised at the content and a bit irritated at how wrong it was. Thank you for making this well researched response!

By the way, this is the time when KZread recommended me correction on video after watching some of EE videos. I’m glad, because nothing is worse than learning something incorrectly.

a little off topic, but your voice always sounds so sleepy so i put your videos on when im about to sleep. amazing

I have been looking for a while for an ACTUAL certified economist KZreadr. Looks like I finally found one!

Ik had aan de hand van de beelden uit Groningen al goed gegokt dat je voor de RUG hebt gewerkt ;) Geweldig filmpje! Ik had al een vermoeden dat de uitleg van EE niet kon kloppen, en nu weet ik het zeker. Dankjewel!

@MoneyMacro

2 жыл бұрын

Graag gedaan! En, klopt, ben er inmiddels net weer begonnen als docent. Had een vriend gevraagd om paar drone beelden van Groningen te schieten.

@JesterBetter

2 жыл бұрын

@@MoneyMacro de beelden van Kasteel De Haar, zijn die ook door een bekende geschoten, of zijn dit vrij beschikbare beelden? Ik vond ze in ieder geval gaaf!

@MoneyMacro

2 жыл бұрын

@@JesterBetter die komen van de website van Storyblocks (stock footage website waar helaas een abonnement voor nodig is)

Man, I just found your channel! Really like it.

This was a great response! Keep going!

@MoneyMacro

2 жыл бұрын

Thank you! Will do! New one in the making.

Goed dat je hebt gecheckt! Tegenwoordig neem je veel info op als feit zonder het na te checken, zeker als het gaat om gevisualiseerde data. Laat zien dat er zelfs in data fouten kunnen worden gemaakt!

That was very enlightening, thank you. I must say I was quite skeptical while watching the EE video - especially because he also missed pretty badly in his analysis on Brazil, my home country. Maybe I should unsubscribe altogether.

@idromano

2 жыл бұрын

Just by *OPENING* the video with stock footage from Barcelona instead of Rio made many of us really pissed lol

@shannonolivas9524

2 жыл бұрын

I unsubbed from him some months ago too. Seems more interested in pushing his political beliefs than actually explaining anything honestly.

Hi there! I would first like to say that your videos are incredibly educational and very well researched! My request is would you be able to do a video on the Canadian economy and issues surrounding housing prices which have been skyrocketing here! (I can help in any way possible!) Anyways, thank you for your videos!

@MoneyMacro

2 жыл бұрын

Thank you! I'll keep it in mind. I would like to do a video on the housing market fairly soon. I can't make any promises on Canada at the moment... but at some point yes for sure.

I love Watching videos and searching for debunks to see how accurate things are and better formulate my assessment.