This is very much how economics works all over the world. I really think it is time we change it (r)evolve it. The way most banks function is totally unsustainable. This lesson is fun. Watch it, share it and learn about how stuff works in order to be able to change it.
David McWilliams, Irish economist, gives us our first lesson in punk economics.
Writer/Director: David McWilliams
Producer/Editor: Mary Catherine Brouder
Illustrator: Mark Flood
David McWilliams, Irish economist, gives us our first lesson in punk economics.
Writer/Director: David McWilliams
Producer/Editor: Mary Catherine Brouder
Illustrator: Mark Flood
6 comments:
As an American, it is important to note that the civic financial union aspect of our culture is rapidly breaking down. The breakdown began somewhere in the late 20th century, accelerated under Clinton and again under Bush. It still proceeds apace even under Obama. No longer do the parts of our country that "have" help those in need.
But one aspect of this video I find useful is the geopolitical ramification of the general financial breakdown. Somebody is making off with war bucks, most likely several Somebodies, but whether you can pinpoint any nation or group of nations as the culprit is a different issue.
You have a very interesting blog (and nation), Birgitta Jónsdóttir. It is a pleasure to make your acquaintance.
Dear Birgitta Jónsdóttir, you are such an inspiration for me.
I consider myself a free thinker and an artist who seeks ways to better the world. I admire what you and the people of Iceland did, and I pray for the people of my country, Portugal, have such bravery and strenght to do the same... In this fierce war between the terrorist banksters against the people of the world. Thank you for sharing this video, it's amazing as all of your other posts never stop inspiring me and others.
Peace and Love from Portugal
Nice video, accurately defining part of the problem. What's still wrong with the video is that it uses Keynesian philosophy also for the solution and it does not point out Keynesianism as part of the root cause of our problems ...... Consumerism is what's wrong we need to get out of this unsustainable paradigm!
Much respect from Holland
Forgot to add that goverment consumerism is called defecit spending. Economic growth is required MERELY for keeping interest payable on the loans.... =fail
the film left out Iceland's good stand (no bail out) and now its relative recovery and UK which has most debt of all... what do you think? How to portray it?
PLEASE READ PLEASE READ PLEASE READ
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