"we live in a world with so many financial brilliant financial experts yet democracy has produced an economic illiterate

[Demovictory9]

"It's amazing to me that we live in a world with so many financial brilliant financial experts yet democracy has produced someone who is an economic illiterate"

it's sobering to listen to experts in other countries talk about Trump like he's an idiot.

"Trump is post-literate.... he can use a phone, but he doesn't read books".

[modrepub]

1. America's Economic Illiteracy

Thought about this a lot. Most American's know little about economics beyond trying to balance their check books and buying mutual funds for their retirement. And the people we think are literate in economics are basically trained on market derivatives.

How many of us actually know of and read things from Smith, Ricardo, Marx, Schumpeter or Keynes? Other than beating us over the head about Capitalism, American society provides very little basic economic theory discussion or its development over the ages. And we suffer greatly for it and part of me thinks this is done on purpose.

[NNadir]

2. I don't have time now, but I'll come back to this one. KnR.

[sop]

3. "it's sobering to listen to experts in other countries talk about Trump like he's an idiot."

The rest of the world understands Trump much better than most Americans. Our so-called "free press" has failed to keep most Americans sufficiently well-informed to maintain a functioning, healthy democracy.

[rubbersole]

5. The clickbait/eyeballs profit driven business model...

..dominating "news" delivery is probably going to continue to deteriorate as AI and audience algorithms are disregarding truth in search of sheer numbers to draw advertisers.
Civics isn't taught in secondary schools anymore. Public education/truth has never been under attack like it is now. Maybe the crashing markets/societal norms we're living in have a silver lining. Billionaires are being exposed as the bad guys causing all this...not the lettuce pickers that we've been taught to blame.

[maxsolomon]

11. PLENTY of Americans understand MFer as well as Euros.

Unfortunately, there's metric F-tons of Americans who are immune to the voluminous warnings in the "Free Press" because they

1. Don't read a newspaper or listen to something as centrist as PBS New Hour or NPR.
2. Only consume Right Wing media.

You can lead a horse to water but you can't make them drink. Americans have CHOSEN to be misinformed.

[raccoon]

4. Yeah, and a lot of these so-called experts caused the 2008 SHTF moment.

[NNadir]

6. I got through the first half. In it's brilliance, it's terrifying.

It does make a lot of sense. I wish it didn't but it does.

[Xipe Totec]

7. Though I agree with the premise I think it is too narrowly defined

Trump's spectrum of illiteracy and innumeracy is vast.

[Celerity]

8. absolutely superb, best video I have watched in ages

[Festivito]

9. Best explanation of US. If not MUST SEE, you'd wish you had seen it.

A middle-class perspective, here spoken to US, a country without middle class spokespersons.

[Uncle Joe]

10. Democracy wasn't the driving force or dynamic which produced *rump to power

it's mass conglomeration, monopolization, no holds barred dog eat dog capitalism and oligarchy.

Combined with the long term strategy of dumbing down of the American People's critical thinking skills, diminishment of the liberal arts and sapping of public education.

Democracy (such as we have it) was the inanimate object or vehicle used to reach the destination, but oligarchy was the driver.

Thanks for the thread Demovictory