Chapter
Centralized planning and government control during global catastrophic events
2:00:04 - 2:04:41 (04:37)
The possibility of imposing dramatic controls on the consumption of the rich to reduce our ecological burden and deal with global catastrophic events may require a centralized system where citizens accept political control, such as during the pandemic. However, this conflicts with the American ideal of small, efficient government and freedom.
Clips
A centralized and collectivist system may be more successful in controlling and reducing human consumption levels, given its ability to impose dramatic controls on the consumption of the rich.
2:00:04 - 2:01:53 (01:49)
Summary
A centralized and collectivist system may be more successful in controlling and reducing human consumption levels, given its ability to impose dramatic controls on the consumption of the rich.
ChapterCentralized planning and government control during global catastrophic events
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The effectiveness of small government in times of crises, such as the pandemic, has been called into question, as such governments may not be able to effectively deal with large-scale challenges, leading to failure on various fronts including medical, social, financial, and supply chain issues.
2:01:53 - 2:03:42 (01:48)
Summary
The effectiveness of small government in times of crises, such as the pandemic, has been called into question, as such governments may not be able to effectively deal with large-scale challenges, leading to failure on various fronts including medical, social, financial, and supply chain issues.
ChapterCentralized planning and government control during global catastrophic events
Episode#303 – Steve Keen: Marxism, Capitalism, and Economics
PodcastLex Fridman Podcast
The US government initially discouraged the use of masks to hide the shortage of supplies for health workers in the early stages of the pandemic, but now recommends wearing them.
2:03:42 - 2:04:41 (00:59)
Summary
The US government initially discouraged the use of masks to hide the shortage of supplies for health workers in the early stages of the pandemic, but now recommends wearing them. The blame falls on the philosophy of small government but bigger government is not the solution.