Yet another L from Sabine Hossenfelder

3 years ago by Ragdoll X to c/comradeship

Learn more about financial models, quantum mechanics, or many more topics in science and maths with Brilliant! First 200 to use our link https://brilliant.org/sabine will get 20% off the annual premium subscription. This video comes with a quiz https://quizwithit.com/start_thequiz/1694172381277x736667709852138600 Is capitalism the reason the world is going to hell in a hand basket? Or is it going to save us? What is capitalism anyway? How does money work and when do free markets fail? This video is a brief summary of a dip I did into microeconomics literature in a dark hour of my life. πŸ’Œ Support us on Donatebox ➜ https://donorbox.org/swtg πŸ€“ Transcripts and written news on Substack ➜ https://sciencewtg.substack.com/ πŸ‘‰ Transcript with links to references on Patreon ➜ https://www.patreon.com/Sabine πŸ“© Sign up for my weekly science newsletter. It's free! ➜ https://sabinehossenfelder.com/newsletter/ πŸ‘‚ Now also on Spotify ➜ https://open.spotify.com/show/0MkNfXlKnMPEUMEeKQYmYC πŸ”— Join this channel to get access to perks ➜ https://www.youtube.com/channel/UC1yNl2E66ZzKApQdRuTQ4tw/join πŸ–ΌοΈ On instagram ➜ https://www.instagram.com/sciencewtg/ 00:00 Intro 00:24 Money 03:17 Capitalism 08:26 Microeconomics 10:33 Externalities 12:35 Consumers and the Social Cost of Carbon 14:10 Summary 14:36 Learn Science with Brilliant #quizwithit

Hossenfelder just posted a video titled "Capitalism is good. Let me explain.", and it's about what you'd expect.

Some societal advancement happened under a capitalist system? Well then capitalism must get the credit. She also conflates "capitalism" and "markets" pretty often.

Hossenfelder contends that markets need to be regulated to not be abused by those in power or fuck up the environment, but insists that despite these regulations this is still a free market, and therefore free markets/capitalism are good, we just need to "set it up properly".

She only makes passing remarks about Greta Thunberg and Marx as opponents of capitalism whom you should pay no attention to, and does essentially what economists in the 1800s did: Philosophize about what non-existent "completely rational" consumers and corporations might do, and not look at any actual data.

The like/dislike ratio and the comments tearing into her do give me some hope though.

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RedSquid 14 points 3 years ago

Shitty "scientist" with a failed career turned into a youtube grifter. It's no surprise her main selling points are bigotry against trans people and those on the autism spectrum, and this... braindead drivel.

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