Capitalism and its Ideology
In this video, I introduce capitalism and its long history over the past three and a half centuries by reflecting on the ideological dimensions and traps we incur every time we think about our economies. While capitalism has been an important turning point in our history, it is not immune from flaws. Instead of becoming apologetic we should think of ways to improve it, fix it, or simply change it. Check the video to learn more.
If you want to learn to be more critical in the study of economy check @RethinkingEconomics
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Learning Objectives
What is feudalism?
What is capitalism?
What is its history?
Is economic theory immune from ideology?
Being critical of economical theories and models
Timestamps
00:00 Introduction
00:27 What is capitalism?
00:40 What is feudalism?
00:55 The end of feudalism
01:12 The study of economy and ideologies
02:04 Assumptions of economic models: an example
03:17 Economy should EXPLAIN, not JUSTIFY
03:36 The emergence of capitalism
04:18 Colonies and mercantilism
04:36 The First Industrial Revolution
04:52 Adam Smith’s “An Inquiry into the Nature and Causes of the Wealth of Nations”
05:30 Capitalism in the 19th century
06:00 Trade barriers and the Great Depression
06:15 Keynesian theories
06:26 The welfare state
06:35 Thatcherism and Reaganomics
06:53 Conclusion
#capitalism #understandingpolitcs #gianmarcomoise
References
Capitalism in the encyclopedia Britannica: https://www.britannica.com/topic/capi...
More about feudalism: https://www.worldhistory.org/Feudalism/
Rethinking Economics: https://www.rethinkeconomics.org/
"EU legislation on family leaves and work-life balance": https://ec.europa.eu/info/policies/ju...
"Perceptions and economic ideologies": https://academic.oup.com/book/9537/ch...
A perfect example of capitalist ideology is this article: https://www.cnbc.com/2020/02/07/middl...
"Ideological production in the era of global media capitalism": https://www.researchgate.net/publicat...
“Mercantilism”: https://www.investopedia.com/terms/m/....
“The First Industrial Revolution”: https://www.britannica.com/event/Indu...
“The Invisible Hand”: https://www.investopedia.com/terms/i/...
“How Long Was the Workday in 1880?” By Jeremy Atack and Fred Bateman: https://www.jstor.org/stable/2123348
“What is Keynesian economics?”: https://www.imf.org/external/pubs/ft/....
“The Welfare State”: https://www.sciencedirect.com/topics/....
“What’s so Bad about Thatcherism and Reganomics? - A Response to Josh Frydenberg” by Freya Cormack: https://www.arc.unsw.edu.au/blitz/rea...
“Capitalism is not Sustainable”: https://www.circulartriangle.org/blog...