Hungry for the next video? I have stared posting clips & edited versions of my live interviews here on this second channel: kzread.info/dron/A2CiHJ0xCLC6Dt7w5_Hxvw.html

@filip7152

2 жыл бұрын

Please make a video with books recommendations. PLE A S E, i'm starving

@filip7152

2 жыл бұрын

Also i would be very interested in video explaining chinese economic model.

@MoneyMacro

2 жыл бұрын

@@filip7152 did you finish all of the ones mentioned in my Q&A?

@filip7152

2 жыл бұрын

@@MoneyMacro No, I will watch it now. Thanks!

@sergeykish

2 жыл бұрын

Putin capitalized on other peoples work (previous reforms) and oil prices. Under his rule state become more and more corrupt, parliament become "not a place for discussion". RF can't exist as a democratic state, during its history it has occupied numerous nations, they want to break free, check out images of "Grozny 1994". Democratic RF becomes unstable, Russian xenophobic majority elects strong ruler. Once state is strong enough to oppress its nations it uses this force to oppress liberals. Also xenophobic Russian speaking majority does not understand sovereignty, supports occupation of Moldova (1991), Georgia (1992, 2008), Ukraine (2014, 2021). The only way out is to disband RF, to free its nations.

Circular economy stumbling through reemerging cycles are not only applicable to Russia/Soviet. Looking back through history one finds these signs in most big "strong" nations where tough leaders initiate necessary changes and then retire into self-appreciation. Once they've changed the failing structures, they begin to defend their solutions against any further changes. Which of course is quite ridicolous, as the only sure thing through time is that change is a constant, with or without one's help.

@my_master55

Жыл бұрын

As a russian, this couldn't have been said better

Even Italy's economy alone is bigger than Russia's before sanctions.

@FS-flash

2 жыл бұрын

Yes and soon Luxembourgs economy will be bigger. Putin really is on a rampage, he is completely destroying the economy in Russia and making it worse for every decission he takes!

@didforlove

Жыл бұрын

so sad

@maximedamour5192

Жыл бұрын

California alone has a bigger GDP than Russian.

@NeoEvanA.R.T

Жыл бұрын

@Xman so they have less money to put in the military's

@wartem

Жыл бұрын

@Xman So when they run out of ammo and weapons from Soviet times, they're forced back to mother Russia.

I’m watching your channel from time to time and was now very surprised to see you including a part from my video in the beginning 😅

@MoneyMacro

2 жыл бұрын

I wanted to make clear that this economic situation has a real effect on ordinary people. You do great reporting work on the ground. Very sorry about how this is affecting your life and that of other hard working ordinary Russians. Take care! And thanks for giving the rest of us a peek into what life is like in Russia.

@Zangieff

2 жыл бұрын

@@MoneyMacro thank you too for great information, educating myself as well. And thank you for understanding the situation for regular folks. I will probably make a video soon to better explain local mindset and how it’s connected with the local regulations and information provided.

@elektrotehnik94

2 жыл бұрын

The "onion guy"'s channel link, INSIDE RUSSIA: kzread.info He has some great insights into how some non-propaganda-convinced Russians treated the current situation. Though after the first weeks of sanctions, he moved to Uzbekistan & lives there now, AFAIK.

@elektrotehnik94

2 жыл бұрын

@@Zangieff Great that you stopped by, I subscribed & will be taking a close look at your videos. A severe lack in the West of how ordinary Russians think, on the macro level. Propaganda is strong. Idea: interviews with people (you feel comfortable interviewing - ideally street-goers) regarding the last 1 month & how it came to be, in all important ways you might conceive of. Good luck & stay safe

@littlesheep7

2 жыл бұрын

It's funny to watch 2 animals fighting for the same meal🤣🤣🤣

Very interesting, thank you! Great channel btw, subscribed!

@MoneyMacro

2 жыл бұрын

Happy to welcome you as a subscriber! :)

It strikes me that Russia's economic miracle till 2014 mirrored Brazil's. Both are commodity based and when oil was high was flushed with cash. Brazil instead of using the oil money to expand the nation's infrastructure was blown on the World Cup and Olympic stadiums. Much of which included graft which lined the pockets of Lula's cronies. Soon after the fall of oil Brazil had no money for roads, schools, and social services.

@Coconinga

2 жыл бұрын

I think Russia is quite more corrupt than Brazil though. Another issue with brazil is too much welfare spending and not enough investment in the future. But perhaps an issue with LATAM countries in general...

@CoffeeAndPaul

2 жыл бұрын

@@basilmagnanimous7011 true, but that's not a good thing. Russia's population was already shrinking and aging. The invasion's KIA means Russia has lost a further 15 to 20 Thousand young men permanently. Russia's situation is unique in history: a shrunken nation relying on a constant threat to use weapons of mass destruction to keep its position as a legit but former empire.

@michaelf.2449

2 жыл бұрын

@@CoffeeAndPaul yeah Russian population after Stalin took a beating

@richardarriaga6271

2 жыл бұрын

@@Coconinga If you don't have welfare spending, your population will be too sick, starving, or simply too poor to be effective workers. Before the US had school lunch programs, kids would show up to class hungry regularly since there was no food for them at home. The Black Panthers shamed the goverment by setting the example of feeding kids breakfast before they went to school.

@Coconinga

2 жыл бұрын

@@richardarriaga6271 Sure agreed, but its obvious that high taxation disincentizes growth so you need a good balance

This is absolute one of my favorite on KZread....

So informative. You're getting better with every post. Thank you.

Great video! I love how you've transitioned your content towards current affairs over this last year. When you were giving basic lessons on economics, you were great, now that you're describing the world through your economic lens, you're phenomenal!

@MoneyMacro

2 жыл бұрын

Thanks! I noticed that relating economic concepts to current affairs makes them much more interesting for people. So, I will keep doing this :)

A superb presentation of the cycle of Russian economics. Your speaking style adds immensely to the subject and I look forward to your next video.

Great video! Thanks!

damn the production value! looks great

I learn so much here, thank you for the great content, Joeri

How it's going, dear autors and commentators?

Great Video 👍. Very informative.

I am russian. I see a lot of people say that Russia will rise and so on, maybe it is, but it will take decades, all I can say we will live worse the next ~5 years. As it was in 2014 when all russian got much poorer, maybe people live good in big cities like Moscow, but here, in regions it is not so good, yeah, people have money for food and clothes, but hardly more as it always was in Russia. I wanna believe that Russia will rise, but now I don't see any reasons for it, if Russia hadn't rise for about 20 years due to good incomes into contry's budget, so why it should rise now in a such bad situation.

@marvinyo5

2 жыл бұрын

Like you say the government will focus on the big cities as that's where the government people live and their families But for the government to not invest in rural Russia in 20 years then your probably right nothing will happen in the next 10 years unless you find a mining town or oil field to work and live close too

@karsaorlong3761

2 жыл бұрын

why dont you save your rubles and go to the west lol

This video is probably your best one yet! Incredible work Yoeri!!

Love your channel keep up the awsome work!

This is excellent. Thanks

I might have missed it butI felt the issue of corruption wasnt brought up. Doing business in a country like Russia is a pain because the rules are applied arbritrary. Got family members who are doing business in Russia and they have so many stories about the requirement of having dollars available during an inspection otherwise they will send you through bureaucacy hell, to demanding intallation of unnecessary equipment by a specific vendor who happens to be a friend of the head of the authority in the region.

@watershed8685

2 жыл бұрын

Yes, a situation that was furthered by FSB’s strangulation of nascent freedom of press (NTV channel’s forced ownership and management change in 2000-2001 is the first example) and independent judiciary (Dmitry Kozak’s reform of 2001) of the new Russia, followed by dismantling of federalism via cancellation of gubernatorial elections in 2004 in the wake of Beslan school siege. In 2008 Putin remained in power by taking chair of Premiere, nominally the second to President, only to take back Presidency in 2012 from the pro-western but weak Medvedev while brutally quelling protests against the swap. The signs were there, the West, Germany and France especially, just refused to make conclusions and act on them. Yeltsin was the plutocrat that promoted corruption into thriving and economic power to concentrate in the hands of the few. That allowed FSB and Putin to strike deals with most oligarchs and intimidate/lock up those who disagreed with their rule. A tale of Russian tragedy that now creates anguish outside of its borders. I wish the West has done more in 90s, or in 2012, or at least in 2014. But all is moot now, the history goes on and we are spectators of it.

@DerDop

2 жыл бұрын

not only that, but they treat customers and business partners like ****.

@cuddlemuffin.9545

2 жыл бұрын

This guy is propped up by Russian money lol. I highly doubt he is an actual economist, he is probably a guy who just watches yt videos and steal other people's content

@watershed8685

2 жыл бұрын

@N Fels racism or more like xenophobia (as many senior and middle aged Russians may look down on Western Europeans and Americans because of their liberalism or belittle fellow Slavs due to historical grudges/cultural bias) is an issue, indeed. Landlords in Moscow and other big cities openly add footnotes on renting ads that they will only consider either ethnic Russians or “Slavs”. Even if they do not do so openly they tend to refuse to rent out even to their fellow compatriots from national republics, let alone menial worker immigrants from Central Asia.

@watershed8685

2 жыл бұрын

@@DerDop because there’s no rule of law and that’s a very cynical society (watch Bill Maher’s explanation in the interview with Ben Shapiro).

According to me if they can, USA properly invades Russia without making much attention they would win but if Russia can see the forces of USA coming they would make use of their long ranged attacks and decrease the power of the forces of USA leading to Russia victory.

@maryandrews8071

2 жыл бұрын

@Haruno Mana Hello! I will love to be your friend dear, as well get some lessons and ideas about your earning.

@maryandrews8071

2 жыл бұрын

All of these has proven to be a reliable source of income.

@craigpotter1262

2 жыл бұрын

Same here, My portfolio has been going down the drain while I try trading, I just don't know what I do wrong,

@williamleonard2242

2 жыл бұрын

@Albert John All you need now is a professional trader else you will continue making losses.

@williamleonard2242

2 жыл бұрын

Crypto trading is the easiest way to get out of poverty if you know your way around it.

Your videos are so interesting! I wish you were my teacher but at the same time I keep rewatching your video about quantitative easing because I keep forgetting what it means, so I would probably be a bad student

Very insightful, thanks.

Thanks you for your wisdem and vision 🥇🥇👏👏

The one thing that makes Germany and Japan different is called Freedom! Without freedom the people suffer and the government falls!

@brianticas7671

2 жыл бұрын

Both 2 prosperous hardworking countries.

@spider6660

2 жыл бұрын

If you build a factory in Germany, too many pseudo radicals come and protest.

@brianticas7671

2 жыл бұрын

@A B not true.

@srccde

2 жыл бұрын

@A B That's like saying "no one is racist" or "no one's an anti-semite". Within a group of people, they're always a**holes - that's simply a universal rule.

@junjiepan2824

2 жыл бұрын

I think India has far more freedom than German or Japan.

Russia was never an economic superpower. It was a military superpower. Russia has never believed in soft power.

@NihilSineRex1881

2 жыл бұрын

Exactly. That's the other problem of Russia. This country could have had a powerful economy if it wasn't for its "imperialist disease" (the obsession of conquering other states for the purpose of showing your strength and restore an old empire). Russia's obsession of hard power was a huge factor of not having a growing an economy like China. Plus Russia's economy is not influential because of said corruption and its cycle of rebirth-inflation-stagnation-collapse (which is typical of an authoritarian nation like Russia).

@scottgrasser9475

2 жыл бұрын

they slowly were starting to do some soft power with there gas/oil to the E.U

@xhy12

2 жыл бұрын

Sad and true story. Russia actually had immense cultural capital in music, arts, architecture etc...

@maxklinger1494

2 жыл бұрын

This. 10 times this.

@NihilSineRex1881

2 жыл бұрын

@@xhy12 well the reason for their success in art,music,literature,architecture,history etc was because they wanted to express their libertarian feelings (Tchaikovsky composed his legendary musics because he was upset that he couldn’t express his sexuality or things he likes (he was a homosexual)) of hopelessness in a conservative autocratic society. It was a way to show their dissatisfactions to the Russian Empire’s ways of presenting itself as a nationalistic (they thought that they were descendants of the Kyivan Empire), orthodox Christian (They venerated the Grand Prince of Kyiv, Vladimir the Great for its conversion of his pagan (Slavic polytheistic) kingdom into an orthodox Christian one) superpower.

Would love to see a video of you talking about the IMF agreement and your thoughts on Argentina. ❣️

Very informative video, and also very creative format. Well done.

Oh my God thank you so much, the quality of your videos are incredible and the fact that they are free just blows my mind. Keep up the good work champ 🏆

@MoneyMacro

2 жыл бұрын

Thanks, will do!

@altrfryd5859

2 жыл бұрын

@@MoneyMacro You must bow before lord Vladimir Putin if you don't want to get nuked hard

I like the fact that you try to get very deep in the matters although it is very hard in 20minute videos. In fact i would like to see you get even deeper in the details, so that even laymen can understand these complicated matters. I strongly believe that macroeconomical illiteracy is one of the biggest problems of modern people. For exaple: people scream for an nominal increase of their income, very few understand that if this increase is accompanied with a simiral inflation( which most certainly will) , then it would make no difference im terms of purchasing parity. Continue educate us....

@abdulhadisalk8435

Жыл бұрын

The importance of knowing financial literacy

Salient as always. always appreciate your work

Great review, thanks!

Quality content as per usual, keep it up Joeri!

@MoneyMacro

2 жыл бұрын

Thanks!! Will do. Today was my last day of teaching. So, I should have more time now :)

Are you still giving lectures? If yes, has making videos improved upon those lectures?

Great video, best of its kind on KZread. Keep it up

@MoneyMacro

2 жыл бұрын

Thanks Ben!

Thanks for the nice video Joeri. Didn’t know about Creative Destruction. Makes me think of certain sectors in the Netherlands *looks at covid zombie companies and companies held up by the state*

Would you like to make a video about japan economic. Will japan Be like Argentina wich was previously a develope country to an declining country

@MoneyMacro

2 жыл бұрын

sure: kzread.info/dash/bejne/oomT29ualLzNd5s.html

Спасибо!

@MoneyMacro

2 жыл бұрын

Пожалуйста

I really like your videos Joeri.

great video as always.

Video muy detallado y preciso que publicaste, me encanta tu contenido. Es gracioso que algunas personas aún no hayan aceptado el hecho de que las criptomonedas continúan cambiando el mundo.

@JuliusFritzz

2 жыл бұрын

Elegir la inversión adecuada siempre ha sido un gran problema para mí. Sé que elegir una mala inversión dejará una gran cicatriz en el futuro

@Leonwitsel

2 жыл бұрын

@@JuliusFritzz La mejor estrategia al invertir y comerciar con bitcoins es comerciar con un experto que entiende el mercado como su propia granja y tiene como objetivo obtener el máximo beneficio... Esto es lo que hago, comercio con un experto llamado JASMINE WARNER SERVICES y gracias gracias a su experiencia y habilidades, puedo obtener el máximo beneficio de mis operaciones

@JuliusFritzz

2 жыл бұрын

@@Leonwitsel Alan ¿Cómo puedo contactarla? yo tambien quiero invertir

@Enzolorenzo.G

2 жыл бұрын

Esta mujer realmente ha cambiado la vida de muchas personas de diferentes países y yo, mi familia y amigos nos hemos beneficiado enormemente de sus señales.

@Leonwitsel

2 жыл бұрын

@@JuliusFritzz Los servicios de Jasmine Warner lo miran en la web, definitivamente la verías su perfil.

Question to you or an economist. If two countries need to trade without using dollars, and they have a large trade deficit say for example Russia selling oil to China and buying nothing in return. How do they make that transaction? If they don't want or cannot use dollars? Can it be done in gold? If so how would gold be exchanged?

@MoneyMacro

2 жыл бұрын

They could also do it in one of the nations national currencies. On net a debt would be built up though. But, that is still possible.

@whatreally9

2 жыл бұрын

@@MoneyMacro yes net debt would be built up and then what? What is the point of that? At what point and with what currency/gold etc do you cash that net debt? Is there really no way around this stupid situation? Because the dollar might get wrecked and lose all inherent value vis a vis globa trade. Then what do we do?

@Danfromthenorth

2 жыл бұрын

You could spend the foreign currency purchasing foreign infrastructure, companies, products etc. Look eg at Norway’s national trust.

@dagnation9397

2 ай бұрын

@@whatreally9The cash imbalance can be turned into a loan that pays interest. China owns ~$500 Billion in US bonds. The loan might be paid back eventually. China used to own a trillion in US debt, they cashed about half in over the last decade. There would not be a problem in this case without sanctions, that is the point of sanctions . Before WWII pretty much all long term trade imbalances needed to be settled with gold and silver (or war), eventually. Gold can be sent by truck, train, boat, or plane. Ziehan has said that Russia is paying Iran and China with plane loads of gold bars. I like to picture them piled up like 5 bars to a seat on a passenger plane, each with a packet of peanuts. All the flight attendants have rifles and a sash of extra bullets.

Wat super dat een Groningse KZreadr zo groot wordt!

Great analysis.

The one thing I disagree with is Russia's economic growth/rebirth times being caused by their leaders. They were caused by selling natural rescources, minerals, fuel, raw commodities, and military hardware when the prices for one or more of those things are high.

@PutXi_Whipped

2 жыл бұрын

They don’t make those transactions without the approval of …. Wait for it ….. their leaders.

@elektrotehnik94

2 жыл бұрын

The one and the other "came to be" together, in this limited time frame of Russia we are analysing. Not to be confused with; "this is the best way to lead any economy anywhere & also get political stability".

@UberOtaku001

2 жыл бұрын

Its a common problem with economies based entirely around commodity natural resource extraction. Lack of economic diversity makes an economy weak to downturns and shocks. They really need to cut down on the corruption to foster more complex manufacturing and be less vulnerable to shocks.

@user-dx1iy8rj2x

2 жыл бұрын

@言行一致 and yet 7k sanctions didnt kill it what a miracle i guess

PLEASE! Will you make a similar video/analysis of the United States? Americans are concerned of weak institutions (including unprecedented monetary policy), corruption, and inflation. Where are we in America's cycle? Is there any hope?

@craigdudley2499

2 жыл бұрын

USA will be ok because everyone uses the dollar look up Warren Buffet on this. Russia is not going to be ok

@KingairMerc

2 жыл бұрын

@@craigdudley2499 True, but if oil starts getting priced in something else than dollars, what would that scenario look like?

@Coconinga

2 жыл бұрын

@@KingairMerc petrodollars changing won’t make much of a difference though

@Coconinga

2 жыл бұрын

American cycles are different though. America economy is much more diversified than Russian economy. I mean look at how digital tech boomed during pandemic induced recession, we are more resilient.

@shaxovskaya

2 жыл бұрын

@@Coconinga просто можно узнать, вы в трудные времена айпеды и фейсбуки кушать будете? Вот Россия полностью сделала продуктовую независимость и всегда будет сытой и в тепле! А Вы? У вас есть удобрения? 😂 Даже правительсьво США опомнилось на этой неделе и сняло санкции с российских удобрений, так как посевная в США а удобрений нет!😂😂😂

Thanks for potuguese subtitles !

Very clear, thank you…

Since i saw your video on Economics Explained, i have been a subscriber. Tremendous content. Props from Portugal!

@bloowhalez

2 жыл бұрын

Me 2

@ignosegnose5578

2 жыл бұрын

This, but Unlearning Economics.

@nami-swan7394

2 жыл бұрын

@@ignosegnose5578 Yes, also do to Macro, I started watching his stuff. Good channel as well

@friedrichnietzsche2557

2 жыл бұрын

Wht part of Portugal?

Great content! Nice to hear fairly unbiased analysis with a clearly separated personal opinion. Keep up the good work!

Another great one! Thanks!

@MoneyMacro

2 жыл бұрын

Thanks Maarten!

Bravo. Well done

babe wake up money and macro posted

I don't doubt Dr. Joeri's economical expertise but connecting geopolitics and domestic policies with economics in such a simplified manner raises quite a few doubts in my mind. Correlation is not the same as causation. "Das Kapital", for instance, was not a result of casual observation but rather a life-long work. Still, it is an interesting observation.

@carlabroderick5508

2 жыл бұрын

Except Marx never really worked. He was supported by Engel who was enamored of his ideals. Marx observed the rise of a working class and falsely interpreted that this meant the end of the managing class, with the ownership of means of production taken over by workers.

@danielsolodov4222

2 жыл бұрын

@@carlabroderick5508 Fair enough, but to this day we have scientists researching certain areas in which they themselves do not work. I don't see the problem. Plus, I was not referring to his ideas of communism per say. I was simply alluring to the fact that far reaching conclusions require extensive research. The reason why I chose "Das Kapital" as an example is because I do believe that the system of universal economical foundations presented there holds true in modern days.

Oh nice new set!

@MoneyMacro

2 жыл бұрын

Thanks!

11:55 amazing y axis on that graph

I've always wondered why a nation which is as technologically advanced as Russia, is still relying on the extraction of natural resources for the majority of its GDP.

@uniquespirit3666

2 жыл бұрын

Low IQ

@r0flhax0r

2 жыл бұрын

Because they don't have a high technology sector. They are absolutely not technologically advanced, hence they are selling their natural resources.

@polarisation

2 жыл бұрын

because corruption

@polarisation

2 жыл бұрын

and also, Russia isn't that technological advanced lmfao

@damonedrington3453

2 жыл бұрын

Honestly the idea that Russia is technologically equal to nations like the USA or Germany, France, etc. is one spun by Russia. The best Russian tech is as good as the best tech in other nations but the difference is Russia has incredibly low numbers of their high tech equipment

Is the population plot at 11:55 so overdramatized in the video or was the axis not labelled correctly? A

@TuntematonX

2 жыл бұрын

Technically both, since the population axis is completely wrong. - No interval is defined (all 144), so the change seems to be less than one million, however due to poor labeling the change could be anything from one million to 10 or 20 people - Moreover since the axis has no clear direction we do not know based on the graph itself if the change is positive or negative i.e. is the population increasing or decreasing. So essentially, the over dramatization is caused by poor labeling and improper interval choice. A truly horrible graph.

@parrampampam

2 жыл бұрын

I too expected to find out that the population dropped significantly, but a quick(not thorough) search on Wikipedia showed that Russia's population oscillated around 145million (give or take 2-3 million) for the last 30 years.

@Coconinga

2 жыл бұрын

How many young people in ratio to old thoigh?

Joeri leveling up

Guess who wanted to go slow? Gorbachev. From 1991 to 2001, an estimated 2.5 to 3 million people died in excess (base 1991) according to a paper that can be found on the NIH site.

Yeah but they actually have a responsible, reasonable debt to GDP ratio of 19%. US and Western Europe is like 150-200%...

Didn't Europe make a trade deal that barely cracked the reality of how much oil they really need?

@Coconinga

2 жыл бұрын

Yes, but its a good start.

I like the new video style, the presenting style certainly. But. Im not a fan of the music in the background while you talk. It makes it much harder for me to focus on your words. I think people do it to fill any dead air between sentences but I think it really reduces mental clarity. Thanks for the nice summary on Russia its always nice to know a layman has got the right just of the situation and then gets some nice depth added by the experts.

You make some great videos

@MoneyMacro

2 жыл бұрын

Thanks!

Love listening to your perspectives. Organized so pragmatically, researched, and perfect brevity. I always learn much. Not to mention that: cute guy + nerdy science passion = ‘here’s my number’ - plus the accent though 😳😮‍💨 Teach me more

Russia is like a broken record or even a broken clock. It's right but only rarely and repeats the same cycles over and over again

Excellent analysis. Eye opening! Helpful !

Amazing content

You are pretty surgical in your analysis.

Hi, thank you for the video. Really interesting take. Surely it seems as if centralization/stabilization (very broadly understood) is on the rise in Russia once again. Considering your point about the many million products being produced at Amazon being an example of the limits of the prospect of centralized, planned production - as opposed to constrained government, as per Acemoglu & Robertson, i.e. some sort of market-based, capitalist economy- do you however think that developments in computer technology, internet communications etc. will make planning in a much more complex, modern economy feasible (since planning is basically a matter of getting computers to solve large, sparse production matrices)? Or is your argument based on 'creative destruction'? In other words, who among the Austrians has 'got it right' against economic planning in your opinion?

@MoneyMacro

2 жыл бұрын

It is based on both. I do think modern technology has increased potential government capacity. Still, the Hayek information argument still applies to a large degree just because while a lot of info is available, centralised decision makers capacity to comprehend all of it hasn't risen by that much. Still, I am not a free market fundamentalist or central planning maximalist. Some problems are best approached with well regulated markets and other with direct government intervention.

@sovsen92

2 жыл бұрын

​@@MoneyMacro all right, thank you for replying :-)

@Coconinga

2 жыл бұрын

Government bureaucrats barely know how to open a pdf

Very interesting stuff. I've learned a lot from your videos. Also, thx for the book. Definitely gonna read it.

Great video

Money & Macro > Economics Explained

Excellent video 📸😊 as always! It's interesting how this inflation cycle almost perfectly mirrors a certain other country I know 🇻🇪

@PutXi_Whipped

2 жыл бұрын

Yeah it’s almost like both countries are heavily sanctioned by the West.

00:17 Onion in my country is ~50 rubles. The minimum wage in my country was(i say was because no one knows how things are in Russia now ) 3 times higher than the minimum wage in Russia.

Which other countries does this cycle apply to? Right off the bat I’d say Turkey. Then probably also Brazil and Argentina, however I don’t know these countries as well.

There's an opinion in Russia that without really powerful and autocrartic state Russia would just fall apart.

@Poctyk

2 жыл бұрын

The state that needs to behave with its own population like with occupied land doesn't deserve to exist.

@Edax_Royeaux

2 жыл бұрын

China has fallen apart many times in past. But it also has glued itself back together and been made stronger for it each time since it brought about reform.

@gabriellang7998

2 жыл бұрын

Fall Apart? How about simply diving into smaller pieces? You have 1/8 of all habitable lands on Earth. FR is of size of South American continent. You have all the resources needed to be a paradise on Earth, and what are you doing with it? Wasting it, letting your oligarchs rob your nation and BS you into believing you are poor because NATO/West plots etc. So much good land lies in waste because you cannot choose proper leadership that would focus on building up infrastructure and improving human lives...

@sergeydudukin4214

2 жыл бұрын

@@gabriellang7998 Its not our oligarchs it is YOUR oligarchs. They are just junior financial officers of western banksters in Russia. It is coming to end now dont worry. Thats is why western media are in hysteria and establishment in panic.

@gabriellang7998

2 жыл бұрын

@@sergeydudukin4214 If what you are saying was true, why are Putin's and Lagrov daughters also living in the west? You sheeple, your leaders rob you and tell you west is to blame for your poverty, while they are eager to use western freedoms and better standard of living - all while you toil and swallow their divisive propaganda. Hate the west, why are all your elites having assets there, huh?

love the new studio! looks amazing!! (and the content is great too haha)

@MoneyMacro

2 жыл бұрын

Thanks!! Alex helped me set it up :)

I'd love to see a video on why france's line is decreasing here 6:37

Was useful to watch from the economic standpoint, but It is impossible to make the correct conclusions without taking into account the most heated area of interactions between states - politics.

incredible Video , you make the link between economic growth and good government which has sort of been forgotten about to the extent that some universities no longer teach Economic H istory as a subject ( in my home country of South Africa ) for example Spain was in the 1600 's the USA of the day, but was destroyed by poor government . I think the comment by Alexey Tekhanov below that Russia needs an autocratic government to hold it together is noteworthy , but then all autocrats would say that . The comment by Moses Alazza , on how a society would function without moneylending as in Islam where interest is not charged , would mean that there would be no credit , no banks, and no economic progress, with theft, robbery and conquest as a substitute means of raising money. This was indeed a characteristic in Muhammad's time ,and similer to what Russia is doing now. . Also instead of interest the lender can charge "fees" which is just another word for interest .Russia has now doubled its interest rate and this will further slow down economic growth .

Thank you for great work! Awesome video! I suppose the main idea about russian economy cycles are genius! And this idea are adoptable for whole russian history. But i disagree with 2 points: Soviet ecomy problems was consequence of political problems and the reasonressurection of russian economy was not putin, it was hight prices on oil. According to video i can add russsian proverb: "Never lived well and don't have to start". Thank you!

I'm reading this book right now, very interesting

@Coconinga

2 жыл бұрын

Creative destruction? It was underwhelming for me

A good analysis.

I just came to hear the most beautiful hymn of the world, and then i closed this bullshit.

Russia could have been an economic powerhouse if it hadn't invaded Crimea in 2014.

@olivergrayhoundII

2 жыл бұрын

Don't think so. Corruption and cronyism and primarily allowing businesses to be done by Putin's friends means loss of innovation. Venezuela had a booming economy because of oil but failed to diversify and thus is now a failing economy.

@MrDude826

2 жыл бұрын

@@olivergrayhoundII I agree with what you said 100%. It would limit Russia's economic potential but it would still be a prosperous country. Just not as prosperous as it could be.

@lightingcave4356

2 жыл бұрын

you dont know how important crimea is for russia, as their geography is screwed mostly bordered with the arctic ocean

@olivergrayhoundII

2 жыл бұрын

@@lightingcave4356 The world is different now than it was centuries ago. If Russia wanted to use the ports of Crimea, they could negotiate and work a trade deal out. But no. They did the access of ports the barbaric way: Invasion and claiming its territory. There are plenty of landlocked nations that need access to ports, but you don't see them invading their neighbors.

@user-dx1iy8rj2x

2 жыл бұрын

@@olivergrayhoundII hardcore delusions "The world is different now than it was centuries ago. If Russia wanted to use the ports of Crimea, they could negotiate and work a trade deal out."

A bit simplified, but I think such cycle hypothesis can be applied to any country.

Real wages droped by ca. 12% from 2013 to 2017 in Russia. What does the graph on 1:01 represent?

If someone believes that the collapse of the USSR confirms the failure of the planned economy, then in fact the collapse does not confirm this. In 1961, the USSR took a course towards the liberalization and autonomy of large state facilities. This was done in the interests of the so-called state elite, and not the simple working people. This was the beginning of a counter-revolution from above. Which by the 80s led to the decline of the economic situation in the country, as these largest state-owned enterprises, free from the planned economy, increasingly produced what was profitable to sell, and not what the country needed. Well, the death of the USSR was signed by the Nobel Peace Prize winner for the collapse of the USSR Gorbachev, who completely ruined the planned economy, trying to transfer it to the capitalist rails, which led to the very deficit and hyperinflation. So it was not the planned economy that killed the USSR, but the market economy.

@zoranbeader6441

2 жыл бұрын

For fuck sake, how many times does communism need to fail before you can admit it's a failure! It sounds good on paper, it plays out HORRIBLY in real life. Every single time! If you keep breaking your head against the wall over and over again, at some point you must realise it's a bad idea to bang your head against the wall! It's not the wall's fault for being too hard, it's not your head's fault for being too soft, it's just a bad idea altogether.

@Archonis09

2 жыл бұрын

For fuck sake, how many times does capitalism need to fail before you can admit it's a failure! It sounds good on paper, it plays out HORRIBLY in real life. Every single time! (people of 19s century)

@stokzzzbatalov9249

2 жыл бұрын

@@Archonis09 Good example is Berlin, look at the Western part of the city (which was given to the US for control after the WW2, so there was capitalism) and the look at the Eastern (which was given to the USSR). All economic indicators and the standard of living of East Germany still lags far behind West.

@zoranbeader6441

2 жыл бұрын

@@Archonis09 I was born and raised in communism, now I live in capitalism. In my mind that's a clear failure for communism. No ex-communist country has had a taste of capitalism and ran back to communism. I'd count that as a huge point for capitalism. How many communist countries are there in the world? Trick question, there are none. You don't get to call yourself a communist and then make sneakers and smartphones for the West. That's not communism, that's called having a job just like us in the West. Except we get much better pay, better work conditions, better housing. Other than that, we both work for the West. Point capitalism. On a more personal note, having lived in both systems I can testify from my own experience about the better quality of life in capitalism, even under "NATO dictatorship". And I am by no means a rich man, just a regular middle class guy. So you got anything better than 19th century workers or are you just a wanker with a Che Guevara T-shirt?

@Archonis09

2 жыл бұрын

@@stokzzzbatalov9249 when I was in Berlin, I haven't noticed much of a difference between the two, but I'm not a german. Are you? If so, please, enlighten me.

Russieans newest reality show coming up "Who wants to be the new Russias Tyrant"

@nattygsbord

2 жыл бұрын

Ivan the terrible - needs no introduction. The name speaks for itself. Peter the Great - the man who liked to put fireworks into peoples mouth and blow them up, the man whos hobby it was to knockout teeths on people with a pickaxe. Last time he fought a war in Ukraine against Swedes and Ukrainians he took his prisoners the Ukranian cossacks and killed them all by impaling them, whith a pole up their ass they had suffered enormous pains before death came as a relief. He also murdered 40% of Latvias population in the war. And large parts of Finland and Sweden were burned, raped, pludered, enslaved and murdered too. Peter III is usually a hated tsar in Russian history. But I think he is the most likeable, since he at least cared about the people. But he was of course insane too like any other Russian ruler. He liked to play with his tin soldiers and dress up rats in military uniforms and strangle them to death. And in the middle of a war that Russia was about to win - he suddenly changed side - and the Prussians were enemies a few weeks before and now became allies. And Russia suddenly declared war on Austria her former ally. So Peter III was historys first big fanboy of Frederick the Great. And Lenin and Stalin probably does not need any introduction either

@spider6660

2 жыл бұрын

@@nattygsbord No, Lenin is different from Stalin. Stalin was brutal.

Man this video is such a cool way of story telling

@MoneyMacro

2 жыл бұрын

Thank you!

where are you from?

3:25 most marxists would answer "we have super computers that can calculate every molecule in a hurricane. they could do this too."

@MemberHomei

2 жыл бұрын

They can calculate it but which policy do you want to apply?

@nattygsbord

2 жыл бұрын

That sounds good. The problem is that not everything can be measured in numbers. And computers only understand numbers.

@nattygsbord

2 жыл бұрын

This Marxist view sounds like very similiar to that of market fundamentalists who thinks that everything can be measured in money. How long and how hard to I need to work in order to earn one unit of happiness? What is the exchange rate to the dollar of one unit of happy?

@MoneyMacro

2 жыл бұрын

Building advanced economic simulations during my PhD was eye opening for me in this regard. I had programmed the "people." I had all the data. It was much simpler than a real economy. And still, it was hard to understand what was going on in these artificial economies. Why? Complexity. Every individual decision maker reacting to one another sequentially made for unpredictable dynamics.

@cageybee7221

2 жыл бұрын

personally, i favour a mixed system, but like an ACTUAL mixed system. not just capitalist with taxes and welfare, but planned economy alongside a market. Relatively simple, large scale population needs, things like basic necessities, utilities, basic services, etc. could be run by automated planning. Even the by-hand planning of the USSR proved you can do that much, even with majour corruption and a devastated country. a computerized planned economy in a peaceful, democratic nation would have even more potential. and what it could not do or does not do adequately, a regulated market can accomplish. a cooperative market though, private ownership of businesses is cringe.

Crucial mistake for Russia was trusting western economic advisers (especially US ones) during Eltsin regime of "clown democracy"

@kaptenhiu5623

2 жыл бұрын

Why? The advices from western advisers are good. The half-hearted implementation from Yeltsin makes it bad. The most crucial one such as privatization failed because Yeltsin didn't want state companies to be held by the west so Yeltsin sold it not to the highest bidders but to his relatives, which later become oligarchs

So insightful! Your video and information is very well structured. All the best

Few weeks ago you said exactly the opposite. How reliable are your analyzes?

@MoneyMacro

2 жыл бұрын

I didn't say the opposite. You might notice that I refer to the war chest in this video quite often. And if you go back to that video, you will find a section where I mentioned that building it came at a cost to ordinary Russians.

Nice video! What surprised me a bit is that you didn't address the (for leftists, anyway) elephant in the room, ie, the unsustainable nature of eternal growth. I'd be very interested in a video on that topic and critiques thereof, if you're looking for video ideas :)

@MoneyMacro

2 жыл бұрын

Would definitely be interesting. In this case, Russia has always been far from its potential I think.

@LexlutherVII

2 жыл бұрын

@@MoneyMacro 100% Fact!👍👍

Canada is having a problem right now with a government that won't allow creative destruction. Dairy, media, automotive, health care are all examples of failed portions of the Canadian economy that are only sustained by the provincial and federal governments. Canada gets weaker as more and more of the economy is consumed by these failed industries.

@alexburke1899

2 жыл бұрын

I see your point but some of those industries are an investment in society that have benefits besides just the profit and losses of the industry itself. Providing healthcare from taxes is something almost every modern country does for a healthy populace that can have more kids and pay more taxes. We subsidize a bunch of corn here in the states but it ends up being used by so many other industries it’s not really considered a net loss.

@Coconinga

2 жыл бұрын

@@alexburke1899 Farm subsidies in America are sort of bad though. Its a giant waste of money and it basically incentivizes making corn rich food cheap making obesity worse.

@Coconinga

2 жыл бұрын

But on the flipside your government is super pro immigration now. I'm a little jealous as a yank down south. Wish my country was as pro immigration as Canada. More people will always solve these problems.

@alexburke1899

2 жыл бұрын

@@Coconinga no argument there it’s stupid how we subsidize corn it’s like a welfare program for farmers when they should just grow something else. It’s a complicated issue with a lot of lobbying and politics involved, so like our healthcare it’s basically impossible to change anything due to lobbyist money and bribed politicians.

@Coconinga

2 жыл бұрын

@@alexburke1899 don’t think it has anything to do with bribed politicians, more like people won’t vote for you. Protectionism has always had incentives like this to continue the policy for it

hi, if you don't mind my slight criticism, the national anthem playing with the title card gets old after a couple times. I liked the transition from the soviet anthem to the russian one though, the first few words really illustrated the shift quite well

@MoneyMacro

2 жыл бұрын

I don't mind. I was looking for a nice alternative later in de vid... But, didn't end up finding it. I will try to vary it more next time :)

@thomas.02

2 жыл бұрын

@@MoneyMacro good old classical music probably could do the job, waltz of the flowers, nutcracker suite, 1812 overture and so on. copyright issue might be a problem though so not sure it'd be worth your time. anyway, thank you truly for being awesome :D

He’s an excellent narrator.