First, presenting the belief that the land-owning class has hidden George’s work is absolutely stupid. Leon Walras, a french economist, heavily favored many of these policies for social justice and is currently taught today in nearly every micro class. Georgism was consumed in other more distinct philosophies, like Institutionalism and dominated by Foucauldian Theory about epistemes and Derridean Theory about the “traces” of words…which formulated the basis for critical social justice theory.
6:14, all of those can be true and other theories that I have pointed towards answer the questions better. most notable among them is power structures from Foucalt. The Disney world critique is just plain silly, this is an equivocation fallacy on what constitutes a city because the US Supreme court has already ruled on business-owned cities. By the way, I am not sure why there is this idea that economic stratification is the paramount form of stratification. I think you need to sit down and read Weber: Class, Status, and Party to better understand how you are incorrectly diagnosing the issue.
10:40, absolutely schlocked AHAHA. Greco’s statement on risk vs. reward and LLC: There is a social cost, but the incentive structure breeds increased growth through endogenous technological development. The foundation of high risk to high reward was mapped by Acemoglu and other growth economists. Yes, anti-corruption policies are very important, it is also one of the fastest-growing fields in economics, spawned by Ackerman; however, it does not need a heterodox school of economics, so, why do you? Investment without risk from damage: You can’t?
Federal Reserve: Reduction of value through inflation. This is a rather difficult thing to say because yes in some areas inflation may reduce the overall value, but that does not mean that inflation itself reduces the value. First, this value or price of money is not an objective frame, as we all agree that it is subjective. Second, look at car prices and tell me that inflation reduced the value of your money relative to goods. This is the fallacy of reasoning from a price change, which should be avoided at all costs. Governments collude with banks/corporations to spend money how they want, sure, but that is a political issue, not one of economics.
27:34, bruh…that is not what he was saying at all. Stop.
Honestly stopped at 33:50 Greg makes this nearly unbearable to watch. Really enjoyed Thomas H. Greco, Jr. though.