Adam Smith's Panmure House
Adam Smith's Panmure House
Panmure House is the final remaining home of Adam Smith, philosopher and 'father of modern economics'. Today the house is a centre of excellence for the study of contemporary economics, a place of reflection on the legacy of Adam Smith, and a venue for social and economic debate. Our mission is to provide world-influencing social and economic debate and research, convening in the name of Adam Smith to effect positive change and forge global, future-focussed networks.
All subtitles on the videos on this channel have been automatically generated by KZread and may be at times, incorrect.
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BRICS already won.
"Our prosperity has been based on cheap energy coming from Russia. Russian gas - cheap and supposedly affordable, secure, and stable. It has been proved not [to be] the case. And the access to the big China market, for exports and imports, for technological transfers, for investments, for having cheap goods. I think that the Chinese workers with their low salaries have done much better and much more to contain inflation than all the Central Banks together. So, our prosperity was based on China and Russia - energy and market. Clearly, today, we have to find new ways for energy from inside the European Union, as much as we can, because we should not change one dependency for another...Josep Borrell" EU Ambassadors Annual Conference 2022
“Inverted totalitarianism, unlike classical totalitarianism, does not revolve around a demagogue or charismatic leader. It finds expression in the anonymity of the Corporate State. It purports to cherish democracy, patriotism, and the Constitution while manipulating internal levers.” ― Chris Hedges , Empire of Illusion: The End of Literacy and the Triumph of Spectacle
Very interesting about Scotland's miracle economy in the 18th century - perhaps a topic for Niall's next book - would read.
24:30 I like how he takes his scotch in between the talk "for purely medicinal purposes" - sounding like Sean Connery too.
You are either purposely lying or extremely naïve, the climate crisis has been debunked by thousands of academics, scientists, and journalists many former believers and current democrats, it has always been a bs cover to take away wealth and opportunities from the poor and enrich our leaders
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Excellent conversation, very informative. Thank you very much.
You really need to look at Patrick Moore’s work on climate change
Oh, how the ''anointed'' proselytize salvation for the masses.
"The Century of Humiliation" began when the CCP took power, and has been going on ever since.
In the 1950s and 60s when the US was a major exporter of goods free trade was gold. Any country that didn't open its door to the US goods risked being investigated and sanctioned. Now protectionism is needed when Chinese EVs are out competing the US and EU cars. "Of cause we won't let them in." What a libertarian you are. Ferguson and the host are both idealogues who advocate the dominance of Western civilization over other civilizations. This kind of thinking which is basically racist is prevalent among Western scholars. Of cause no one openly talks about it. BTW, by "institutions" what are you referring to, Mr. Ferguson? When the host said South Korea can export K Pop because it's a democracy, I couldn't help but laughed. Not only is the host an idealogue, but one that is platitude spewing.
Economic investigator Frank G Melbourne Australia is following this very informative content cheers Frank 😊
Fascinatory.
Even Hughie Green's accent was never this transatlantic!
1:08:52 "My belief is that all problems of the sort that I am describing are not culturally specific, they are not specific to race, religion or for that matter geography they are just about institutions... ." -Niall Ferguson, UATX.
Ferguson is miles behind on China. China is now repeating itself and the gap is reopening. President XI shows capitalism can only go so far without institutional liberty. China is now collapsing as an economy. They are a long way from the Enlightenment. The Anglosphere is also under so much state influence that our economies are also stagnating (but China is going full on Maoism). Capitalism only goes so far without Anglospheric institutions. Further, given how well I know China, whoever makes the calculations for PPP needs sacking. Plenty of the USA is poor, but China has hundreds of millions still in abject poverty. The two are incomparable. As always, I suspect, figures are compiled by Left-wing institutions with an agenda. Wages are being halved in China. 956 million people (Shanghai University) now earning £2,500/$3,400 a year or less - a YEAR not month. The economy is disappearing. They aren't very innovative. Without Western investment, faux property market, manufacturing exports, they can't function. The conditions in China are appalling. Few are picking up on how bad it is.
New World Order appears on the Reverse of the Great Seal of the United States as "Novus Ordo Seclorum". It referred to the NEW government of sovereignty in the People, rather than kings, which was the Old Order in most of the world in 1789.
Much as I enjoy listening to Niall Ferguson, he loses me when he talks of climate and CO2. If he were to take the time to look into it I think he would be astounded at the evil intent and persistence of the Great Lie about climate and CO2.
Agreed. Global warming is a minor problem that is not due to arrive until 2100, and will be solved by the shrinking of world population without any other action.
Yep. The climate religion is basically ruling class virtue signaling and distracting the labor class from that truly matters. Adam Smith would have railed against this skulduggery.
He's a beneficiary
What is the great lie?
@@jhrielly that climate changes due to mankind’s emissions of CO2. It does no such thing
Is there an essay/book about the topic?
Ferguson conveniently side-steps the devastating consequences of the coups and violence, that paved the way for Milton Friedman, and his "free-marketism" that wrecked Argentina in the '70s. HE was the first guy with the chainsaw. Crushing austerity, removal of any social programs and Western terror of Communism has crippled their economy to this day. Milei represents the return of the Chicago school theory of the day.
Someone needs to advise Angus NOT to wear bow ties or look so prosperous when he's talking about inequality
Niall Fergusson - well if economists can predict the future poorly and still get paid, I spose gradiose history lecturers can get paid too!
I love how Wikipedia explains to me what new world order means and that its a conspiracy haha xD Thank you for the insight!
Actually that is KZread's doing. It has to target any discussion with Woke propaganda. If it were honest, it would state that the UN IPCC has found there is NO climate cause of hurricanes, droughts or wildfires, and sea level rise is in the noise of changes from tides and normal storm surges.
I know right. Them paranoid censorship freaks
This Niall Ferguson guy is full of shit. I don't know why KZread keeps recommand his video to me.
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I guess I don't understand the distinction of the institutions that need to change. I'm not sure I care what the institutions call themselves but I do care what rules they establish and enforce. There is a referee in both football and rugby, but the difference between the games is dictated by the rules and their enforcement - not whether they have a referee or not. Surely it's the rules we have to amend? Of course, the starting position of a society has a big impact on the games that will work (availability of energy, natural resources, low cost labour and their availability, an innovative class, a market for products etc). Why do we never have an exploration into the options of the rules we could adopt?
Because we are afraid at our core, for we must die and we know it. It is really just a matter of balls in my humble opinion, whatever the matter. Good to see someone is out there strifing to ask the right questions ;P
Wonderful insights. Thanks.
Intro starts at 39.10 , Branko starts at 45.20
capitalism requires infinite population growth.