Why China is Winning (with Lex Fridman)
Explicit content warning
06/18/24 • 21 min
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"There was the centralization of the economic stuff, the GOS Plan approach. I think that was where the Soviets failed, and what the Chinese realized after what they went through under Mao was you have to have that capitalist period, but they weren't going to abandon the communist control politically of the country at the same time."
Join us as Steve Keen delves into the economic evolution of China, examining the unique blend of capitalism and political centralization that has driven its remarkable growth. Discover how China's strategic partnerships and pragmatic policies have fostered both innovation and infrastructure development, setting it apart from Western approaches. Steve Keen provides a compelling analysis of the economy.
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Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.
Join 10,000 Other Truth-Seekers by Downloading my new 'Funny Money' Bundle for Free at https://new.stevekeenfree.com
--
"There was the centralization of the economic stuff, the GOS Plan approach. I think that was where the Soviets failed, and what the Chinese realized after what they went through under Mao was you have to have that capitalist period, but they weren't going to abandon the communist control politically of the country at the same time."
Join us as Steve Keen delves into the economic evolution of China, examining the unique blend of capitalism and political centralization that has driven its remarkable growth. Discover how China's strategic partnerships and pragmatic policies have fostered both innovation and infrastructure development, setting it apart from Western approaches. Steve Keen provides a compelling analysis of the economy.
--
Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.
Previous Episode
50+ Years of Economics In Under 12 Minutes (with Lex Fridman)
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"That's right, and so that's what makes them interesting."
Dive into a thought-provoking journey with a critical analysis of historical and modern economic theories as unfolded in the conversation. Uncover why ancient economic insights might hold key solutions to today's financial uncertainties and how a contrarian viewpoint can dismantle longstanding economic beliefs.
Discover how the debate of value origin—from land, labor to subjective utility—has shaped the dynamics of capitalism and why this matters to anyone interested in the future of economics.
Next Episode
The One Thing Karl Marx Got Wrong
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"And he actually writes, does this have significance in economics? And then he probably went home that night, and, like, that that that idea changed him. It changed him completely."
Dive deep with Steve Keen as he explores Karl Marx's transformative insights on the labor theory of value and the dialectical tension between use value and exchange value. Discover how Marx's encounter with Hegel's philosophy reshaped his economic theories, integrating subjective and objective notions of value. Steve Keen unpacks these revolutionary ideas, challenging conventional economic thought and revealing their profound significance in understanding modern economic systems. Join us for a thought-provoking journey through the evolution of Marx's ideas and their lasting impact on economic theory.
--
Who is Dr. Steve Keen?
Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is well-known for his critical analysis and advocacy for more realistic economic approaches. His work emphasizes the importance of accounting for financial instability and incorporates elements of complex systems theory. Engineers, finance professionals, and IT experts will appreciate his methodical breakdown of economic phenomena and his development of the Minsky software, which models financial crises. Dr. Keen's contributions are crucial for anyone seeking a deeper understanding of how economic systems can impact technological and financial environments. His teachings offer valuable insights into the economic forces shaping our world. By following his analysis, professionals can gain a better grasp of economic dynamics that influence their fields.
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