W5 academic lecture - Eric Beinhocker: The economy as a complex and evolving system

Comments · 10

• PO

  @pookah9938 · 3 months ago

  Excellent Explication.

• LU

  @LuisZea · 7 years ago

  CAS is a framework that tries to study and address old phenomena looking for new ways of understanding them to control it more efficiently. The economy and the CAS can be new allies.

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• NO

  @non-humanparty2200 · 5 years ago

  I definitely resonate with the ideas about government needing to facilitate innovation and to ensure information symmetry for a fair and popular market. I&apos;ll be incorporating more of this for the party :) Thanks, Eric<br><br>No idea why he only got a small, polite applause at the end. This was fascinating.

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• LR

  @LRKFallon · 4 years ago

  Interesting, Adam Curtis the BBC journalist came to the conclusion he gives in the first 12 minutes as well. That was Ayn Rand in the bottom left wasn&apos;t it.

• LO

  @lostinideology9037 · 1 year ago

  You can summarize it to a shift to fiat currency, creating a massive financial sector interlinked with government, which is a complete disruption of martker forces. <br><br>Now the economy is intervened through government lobbied by finance.<br><br>One good thing that happened from 1975 to today is the reduction of extreme global poverty, is that thanks to globalisation of finance? I am afraid I have no idea.

• IH

  @ihmemaa852 · 6 years ago (edited)

  So, did I understand that correctly that the lecturer contributed to the problem of the &quot;disconnect in the economic contract&quot; himself through successfully &quot;maximizing stakeholder profit&quot; and now he is still lecturing? The biggest problem in the world seems to be that theoreticians don&apos;t suffer the consequences of their own crap. I&apos;d say that the number of solutions is so much higher in capitalism because capitalism has caused 10 million more problems that we now need to find solutions for. And mostly it seems we find solutions that only create new problems.

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• PA

  @PassTheMicAcornOak · 5 years ago

  I&apos;m shocked when I hear people teaching saying that we moved from &quot;Constructive economy&quot; to &quot;Extracting economy&quot; in the 70&apos;s. Our Economy has always been extracting. Also, the &quot;social contract&quot; that he described never existed!

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• RO

  @rossbutler1498 · 7 years ago

  So liberal economic policies since the 1970s are to blame for the failings of modern capitalism, and the solution is to think in terms of solutions, moral fairness and inclusion. Solutions - well yes, that’s the market. Moral fairness and inclusion… ok, but what does that really mean, and who decides? You say the economy is complex (correct) but then assume you can do better than the market at managing it fairly. This is just hubris.

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