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Great discussion

geez. even the ones asking questions are most distinguished scholars.

Great discussion. It's a pity that so few people have watched this riveting video. Antitrust legislation and litigation is fundamentally about fairness. Here are two principled, articulate people with the courage to challenge the greed-is-good mentality of the big companies that dominate our economy. Big tech especially has conflated capitalism with Darwinism and makes us all pay dearly with our time and money. Lina Khan and Jonathan Kanter are doing their best to ensure that American consumers--not just of goods and services but of online content--get a fair shake in the future. I hope whoever wins the presidential election--Donald Trump or Kamala Harris--will not interfere in the ongoing antitrust initiatives, allowing these guys to continue their diligent pursuit of justice for all Americans.

Seriously, you guys are still misunderstanding some core concepts in MMT. “Printing” more money does not necessarily cause inflation. Look at Japan. In free markets price Inflation happens when demand starts getting close to or above supply capacity. Full stop. So MMT would say that a national government with full monetary sovereignty can spend as much as it wants up until the supply starts to reach full capacity. So as long as you continue to invest in building supply capacity to stay ahead of demand, like healthcare or the military for example, you can continue to increase Federal spending without intrinsic limits.

Algorithmic collusion and MFNs

Ensue fair access basically by the essential facility doctrine 10:06

We should protect niche entry 9:44

1:09:34 ss

Costs : privacy, enocomic cost (upstream and downstream), political and social costs

Excellent scoping and framing of the ideas holding us back. Will be used in dissertation!

There's no future on this planet with any type of capitalism. Joseph S. just can't say the word socialism. Therefore, he is utterly stupid. We can't live on a planet dominated by military coups, NATO bombing, neoliberal bs, explotation on the planet and most of the nations and dictatorship subjected on the working and middle class. You are an idio. Look at China! They did it in the era of neoliberal looting.

liberals will blame anything but capitalism

labor mobility friction --- if you change jobs you lose your health coverage. Get cancer and you are stuck in your current job!

civid was a bioweapon made by us gov, just like aids... global warming cant be scientifically disproved so its pseudo science. i havent met an economist that undetstands money. i used prof stigliz work in my disertation and capital only works for humanity if it is kept on a tight leash and those who mis-use it are imprisoned or executed.

House prices are sky high, as are education and healthcare costs. My economist says it's not inflation, so don't worry about it. (Great depression here we come! Well done with the salesmanship! LOL!)

We're having problems at our workplace. There's a person hanging the around the office (when they bother to show up) collecting obscenely large paychecks, and doing nothing of value to society. I asked an economist about this problem, and was told they're the most productive person in the firm. LOL! The economists' doublespeak is comical when it's not being used to sabotage a society.

From here it looks suspiciously like the wealthy took over the political system, gave themselves a bunch of tax cuts, and now we're sitting on a mountain of debt waiting for someone to tell these people to pay their taxes. If you understand this trajectory, you also understand why much of economics, and most economists need to be thrown overboard. An economist is a narrow minded accountant, a social engineer, and a non scientist. That means you don't ask one how it's going. They'll sell you into slavery, tell you it's good for you, and you're welcome for price gouging on insulin to run up GDP. As far as I can tell Capitalism is an ideological position. Economics, otherwise, seems to be at home in any number of totalitarian societies! This why we need scientists in the profession - to flush out the ideologues. If you're going to run your government as an undemocratic asset protection racket, you're going to have to describe this position scientifically, and stop hiding behind lazy ideological pronouncements.

who are "most" citizens? what is our society? and who and what are not these things?

progressive capitalism? idk, the capitalism keeps putting the kaibash on the progressive

I asked a PhD economists to explain how an automobile engine worked. He couldn't even start, but he drove a white SUV. What do economists say about planned obsolescence and the depreciation of durable consumer goods? What is Net Domestic Product, NDP? Karl Marx used the word 'depreciation' 35 times in the first two volumes of his major work. Where is the data on the annual depreciation of automobiles since Sputnik?

GDP is Grossly Distorted Propaganda There was this dude named Adam Smith who wrote this book *Wealth of Nations.* He used the word 'education' Eighty Times in that book. If you search the book for "read, write" you will find multiple instances of "read, write and account". One would think that he would be in favor of mandatory accounting in the schools but what Western country has done that since WWII? The economic cattle are only supposed to moo. They might make decisions to serve their own best interests if they knew accounting. They are supposed to believe in the "Invisible Hand" so Milton Friedman could slap us around with it. Smith's use of that term can be counted on one finger.

@25:00-26:00 .. did my poli Sci ma on the revolving door and conflicts of interest laws. It's atrocious what goes on with that kind of corruption.

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He uses the word "salience" a lot. Fancy way of saying "consequences". Argues that greater consequences wouldn't necessarily be a deterrent. I disagree. Send 'em to the pen surrounded by violent, hardened convicts to get turned out and/or shanked... These white collar criminals will think twice before doing anything that even remotely risks even the perception of misconduct, much less criminality.

First to move is gay

It's harder to understand without seeing the slides.

Do you mean immigrants or illegals? Every illegal must be deported.

Oh dang it’s you

Me too, I close my eyes and I can't see capitalism anymore.

@3:45 .. in a way, more middle class and upper middle class people should be leading the charge for us low wage workers because we are the ones making so little that we don't have the time to go out and protest for weeks on end. They should listen to the low wage workers, but being so low wage, we have to keep working to pay the bills. I'd love to go protest but i literally can't afford to without risking the loss of my housing.

Life long low wage warehouse and factory worker here, on the left on social issues, hello!! Do I care if you're trans, no. Do I care if you don't give a shit about living wages for warehouse workers because we're easily replacable "low skill" workers, yes. And if that's what you believe, you can f right off.

@21:20 .. the wiki page says 89 from 2002 to 2008, which means over 300 from 2009 to 2016 .. crazy increases

@36:45 ... Exactly!!

@36:00 .. I just find it hard to believe that Vivek would be the kind to support government action to limit corporations in a non hypocritical way. He runs in politics as a republican. While I can easily see him voting to limit companies ability to make money through "wokism", would he do the same thing for say, religion? I find it hard to believe he would.

@18:10 .. but can you call it hypocrisy if they are just catering to the culture they're in in order to maximize their profit, which he just said is ok? Or is using contradictory values in their marketing depending on the culture they are in one of the ways companies shouldn't be allowed to maximize profit?

That class survey Luigi did is super depressing. How can there be hope for a better kind future market when this is how at least half of the future business people are thinking?

Right off the bat, based on that intro snippet, my initial question would be ... Do I really have a freedom to leave a job or choose a job if, after leaving that job to look for a new one, I run the risk of losing housing and the like if I can't find a new compatible job in due time?

@16:10 ... This elevator analogy confuses me. Who is moving up as the economy moves up? @16:25 ... "If you get on it, the escalator's moving up because growth in the economy and productivity" .... then how does he explain stagnate wages???? I read all kinds of stories of peoples dads starting a certain job at a certain wage 40 years ago, and them starting the same job now at the exact same wage with no adjustments for the 40 years of inflation and increased productivity. That analogy is BS. Now, if he wants to take that analogy, and add the aspect of people trying to run up that escalator while pushing and shoving other people clean off, then we may be a little closer to a more accurate analogy.

Socialism is evil.

ruclips.net/video/EvcLyhR7ZkE/видео.htmlsi=D8uN4dlYHKM7t9UU

This interview with a student after a chaotic night with police and while still holding the line against them is why U of Chicago is seen as such a stellar academic institution…If he’s suspended or charged with criminal trespassing the faculty should have his back. He is the best advertisement for your University’s ability to create critical thinking and ethical citizens…DIVEST and get a new President. Cal Berkeley and Stanford have handled these protests 100 percent better. Of course at Stanford, the Grandmas are in the encampments also🤓 San Francisco State’s President has visited the encampment there and held open meetings to the public and agreed to have transparency in their investment portfolios. My older son is graduating from UCSC and they would rather call in Netanyahu himself than riot police…peaceful kids and lots of teach ins going on with faculty and speakers. My younger son at Cal Poly Humboldt had a complete disaster of this semester. Small group had a sit in in the admin bldg….which they have historically done before since Vietnam War protests. New President called in the riot police and the kids barricaded themselves in the bldg. campus shut completely down…classes cancelled, graduation on campus cancelled. 2 weeks standoff ending with a caravan of officers driving 300 miles from San Francisco. It was only then that I found out the President who gets paid almost $600,000.00 a year…has lived in Southern CA over 500 miles away and hadn’t been on campus for months! A seasoned high school principal could have holed up with those kids in a sleeping bag and listened and made some concessions that made them feel like they had some power for constructive change. Absolutely insane that college presidents aren’t on campuses. It’s like the university is a corporation like a hedge fund offering classes on the side for extra $🤨 ruclips.net/video/EvcLyhR7ZkE/видео.htmlsi=D8uN4dlYHKM7t9UU

I think Luigi was sympathetic this episode

Pretty incredible that Gamestop could be mentioned so many times without anyone bringing up the fact that it was shorted 140% of it's float by recidivist short sellers. The dissemination of "noise" aka short & distort campaigns was also glazed over nonchalantly. I wish you would have spent more time discussing "the reasonable belief" that recidivist short sellers can "locate" a stock. That "reasonable belief" leads us to another correlated topic; rehypothecation & the creation of what's known as a "synthetic share". When you combine abusive short selling with the creation of synthetic shares it in effect temporiarily adds shares to the float that were never authorized by the company. Supply & demand becomes egregiously distorted favoring the sell side. Now add market makers that pay for retail order flow using Bernie Madoff's PFOF & combine that with the fact that those market makers are also operating hedge funds...no conflicts of interest or front running could possibly going on, right? I'll leave you with a quote from Melissa Lee of CNBC's Fast Money said live on air regarding Gamestop, "Naked shorts, yeah"....

The two knuckleheads are dangerous anti-corporate populists.

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*The firm’s assets have shrunk to less than $200 million from about $8 billion in 2008. Chanos, 65, will continue to run his firm, mostly investing his personal capital but also managing money for certain clients in separately managed accounts.* Chanos lied about Tesla being a fraud and got burned, it's that simple, and he lost a lot of money, am surprised nobody has take a shot at him.*

*FRAUD IS WHAT JIM CHANOS DOES TO HIS INVESTORS.* Jim Chanos simply takes bets on the fact 2/3 of new businesses will fail, he places his investors funds across the market based on that fact.

*Jim Chanos was ignorant of Tesla, his investors paid a huge price for his ignorance.*

*Imagine if Jim Chanos invested just $1 Billion of his $6 Billion fund into Tesla shares?*