This is totally not a billionaire-funded think tank like channel.
Every fucking week they've got a new "why China is scary and bad and going to kill us all (from a purely rational economics viewpoint of course)" and it gets recommended to me because I've watched talks from actual academics at actual universities as though that's remotely the same.
Hey do you like nuanced, peer-reviewed academia? Then you'll love incoherent fearful screaming by some idiot who doesn't understand economics!
Seriously. The only economics I watch are Marxian. Why the fuck am I being recommended this video?
Watched one game trailer someone sent me this week, instantly got a recommended video from a Best of Jordan Peterson channel.
I watched one democracy now video and the next video on autoplay was "jordan peterson calmly dismantles feminism" 35 million views
You are better than me lol. I thought it could be a Second Thought like channel where the name is very neutral but the content is more radical. Nope.
second thought is a shining exception to the usually reactionary as fuck youtube video essay subculture
what's the channel, so that I don't have to click on it and give it views
Even back when I was a dumbass lib who knows nothing about anything, I still realised the people who run that channel are fucked up when I saw their video called "is inequality really a problem?" or something like that
That video was predictably utter garbage. Just constant "It's better to be the low man on the totem pole in a very rich area than the top dog in a cave" type nonsense. At the very least one of the top comments called them out for not mentioning the balance of power issues that result from extreme inequality, especially in supposed democracies.
Most of China's debt is internal, mostly to state banks by other sections of government, which cancels out. They have lower debt than most nations when accounting for this. Michael Roberts mentions this key fact a lot because otherwise you end up like these YouTuber dipshits. They do have issues with personal debt since the rise of consumerism but that's basically every capitalist economy now.
And personal debt is not something nations collapse under or go to war about.
