Your content is CRIMINALLY under rated, sometimes the algorithm really doesn't get things right. I tried to reach out to you on Patreon, but please message me because I would love to work together in the future if you would be interested.
So glad someone is recognizing this man that can help! Algorithm, please pick up The Market Exit so that we’ll keep getting more content, this stuff is so good!
Thank you, I appreciate your kind comment! Congrats on your channel, impressive. It would be fun to work together. I didn't get any message on Patreon, but I emailed you on your sponsor-email-address, it'd be fun to chat!
Living in Ireland, I get so tired of constantly hearing about just how well the economy is doing (last year we had a 10B euro budget surplus) -- yet that does not seem to contribute to a meaningful improvement in our day-to-day lives. Housing is more expensive and (ever more difficult to find) year after year, grocery and entertainment cost rise so fast, and no new infrastructure is built and no new services are added.
That's really interesting, thanks for sharing. I've been thinking about making an essay about Ireland ever since reading Nicholas Shaxson's fantastic book 'The Finance Curse' which dedicates a chapter to the so-called "Celtic Tiger". To me, Ireland seems like an extreme example of a country prioritizing esoteric growth metrics instead of improving the actual quality of life for... well actual people. If I want to learn more about this and what you're describing, what should I read? Please feel free to elaborate on your experiences here or via email if you're comfortable. I'm keen to learn more.
Realistically the figures for Ireland are entirely removed from the experience of the average punter in Ireland. Ireland is essentially a tax haven for huge corporations and Ireland pretty much just collects this money and the multinationals are off the hook in terms of any problems with tax compliance, they are clear. Now you would think that this would still benefit the Irish but it doesn't. Ireland's GDP figures are artificially inflated but because the country has a high GDP per capita they are required to contribute more to the EU collective funding. Also, Ireland is a puppet state of international organisations and has been since the funding program around 2010. So while Ireland has a lot of money flowing into it and the politicians speak up about this, they act out the demands of the internationalists by following all their orders and refusing any capital investment in the likes of housing or improving the transport links.
I’m American born and raised and you highlighted a lot of problems I see in Southern California and America at large. Just like anywhere access to a good life is so dependent on the zip code one grew up in because of access to good schools, good food, level of crime etc. We need the brightest and smartest minds to invest in solving these problems in society and not pursuing private equity, another great video of yours by the way! America is cutthroat place that could use a little more equality!
This is somesthing I've never seen on the internet!!!! Great Research. Now I'm interested in where the break-even point/sweet spot would be in society.
Such an insightful video, Andres! Your storytelling skills and these attractive graphics make the viewer hooked in so well! This inequality is so visible in my home country, Hungary. If you roamed around the center of Budapest, you would get an impression of a wealthy society. Yet, given the past years of massive inflation, people are not living better, especially as rent and other living costs not equal Western European levels. And while our GDP per capita is nowhere near Sweden's or even Spain's, there's always the sentiment that public money could be allocated to sectors that could ensure the improvement of society, especially lower classes.
Hey Andres, just a suggestion: try to optimize the first 30 seconds of the video related to the title/thumbnail. It will definitely help increase viewership. Also, thanks for the project file. Are there more project files available? I'm open to paying for them or joining Patreon as well
Thanks, Ron! Yes, I have tons of project files. Maybe I should start sharing them on Patreon, I just didn't think anyone would be interested in them ;) I appreciate your suggestion about the first 30 seconds. If you can, please elaborate a bit on what you mean. Feel free to drop me a message at hello@andresacevedo.com 🙏🙏
The funny thing is that I believe most people realize deep down, intuitively, that inequality creates social problems. But for reasons probably having to do with ideology, history, psychology (which you obviously know a lot more about than me), most of us constantly play down inequality concerns. There is obviously so much more that could be said about this topic, the problem is that it's a difficult topic to talk about without losing people's attention. Thanks Johan for your patient and kind support!
You did a great job with those visualizations! Yes, people realize, but they've been fed the idea that there's nothing you can do about it. And they want to beleive we're on the right path. When Lance Armstrong was found guilty of doping, people still supported him and disregarded the facts. They wanted to beleive...
I like your style of video essays quite a lot. But seeing the linear fits for so few and very far spread data points gave me shivers. I came here after watching your newer video on how believes change, or rather how they stay the same. There you said that you were wondering why people presented with the same facts would not come to the same conclusions and made some good arguments for why this could be the case. After seeing this video, I would add that we sometimes also can disagree on what we call facts which in turn leads us to different conclusions. While correlations are interesting, they have little to no causal explanatory character for the data sets you presented. The United States is most of the time an obvious outlier and there are many cases where you could argue that ideology and geopolitical realities play a far larger role than the inequalities within a country. Identifying how those are correlated themself could be interesting nonetheless. I don't know enough about your work so far to make a general statement, thus this is only a single observation concerning this particular video. This doesn't mean I didn't enjoy my time watching it, which I sure did.
Thanks for sharing your thoughts and for watching my video essays. Overall I agree with your comment. Your point about correlation not implying causation is well-taken and that's why I addressed it briefly in the video but maybe could have talked about it a bit more and gone into some of the subsequent studies that have established causative links between inequality and certain social problems. I also agree with your observation that the United States is somewhat of an outlier. I didn't mention in the video though that Pickett and Wilkinson has also made similar correlation studies between the US states and get largely the same results as when they compare different rich countries. That's why I believe the overall trend holds even if the US is an outlier. I hope you'll keep watching my essays and keep posting thoughtful comments! :)
Nice video once again! I understand the point of the video, and you are making the case for sweden being a more equal society, this equality impacts on the levels of happiness and life expectancy, however looking at the latest data sweden is one of the most unequal places in europe in terms of wealth distribution where the richest 1% concentrates more than 35% of the country's wealth (more unequal than the states?), so is it more about income inequality?
Great video, I've always been a proponent of my country's progressive tax and fines system but I never pondered on the extent of its positive effects. This does make me wonder however, what can ordinary citizens do to decrease inequality? 🤔
In Finland, there has been a lot of talk here recently about why inequality is needed and how it is important to keep the world running and the economy healthy, for example, the poor are needed so that there are people who do the work and the rich are needed so that the poor have money that trickles down from top to bottom like crumbs and creates growth and consumption on the way. And that's why Nordic social democracy has failed because it wasn't capitalist and market liberal enough but it focused on taxing the rich and giving too much social security to the poor. And that's why Finland and Sweden should be more like the USA. What is your opinion on this? Did Nordic social democracy fail?
That's the neo-liberal worldview in a nutshell that you're describing and I strongly disagree with it. I believe the empirical evidence is in: 1. Wealth doesn't trickle down, if anything it trickles up. Therefore, if you give tax benefits to the rich, you'll have more inequality, not less. 2. Inequality does not lead to economic growth, and even if it did, then economic growth that doesn't benefit society as a whole -- but instead undermines social cohesion -- isn't the type of economic growth we should be striving for. 3. More inequality means more social problems that hurt us all, including the rich. 4. More inequality doesn't lead to more social mobility. In fact, social mobility is lower in more unequal countries. Did Nordic social democracy fail? Yes, I believe it did when the social democratic parties did what political scientists call "triangulation", when they embraced neoliberal ideas like privatizations and trickle-down-economics in a futile attempt to get more voters. The problem that Nordic social democracy has is that we barely have any parties that actually stand for it anymore. Thanks for the comment!
Are you sure in you charts and data? I checked Portugal and it seems way off your data. Homicide rate as example can't be 2nd highest after US, it's in line or lower than other EU countires like Netherlands.
No it's accurate. It comes directly from Pickett/Wilkinson's research data. Their source is "Homicides per million, period average for 1999-2000, United Nations Crime and Justice Information Network, Survey on Crime Trends and the Operations of Criminal Justice Systems (Fifth, Sixth, Seventh, Eighth). 2000, United Nations." According to this data, Portugal is at 34.6, United States is at 64. Netherlands is at 14.5. If you're seeing other data then perhaps the explanation is that your data is more recent and that it Portugal has improved since then? Here's the full data source: equalitytrust.org.uk/civicrm/contribute/transact?reset=1&id=5
@@TheMarketExit it's about HOW you explain your visualizations in a crystal clear way that even ppl who aren't super nerdy can understand that I love :)
I am shocked as why this channel is not being recommended to others. The content is top notch. Keep it going!
Much appreciated! Thanks for commenting! :)
Your content is CRIMINALLY under rated, sometimes the algorithm really doesn't get things right.
I tried to reach out to you on Patreon, but please message me because I would love to work together in the future if you would be interested.
So glad someone is recognizing this man that can help! Algorithm, please pick up The Market Exit so that we’ll keep getting more content, this stuff is so good!
Thank you, I appreciate your kind comment! Congrats on your channel, impressive. It would be fun to work together. I didn't get any message on Patreon, but I emailed you on your sponsor-email-address, it'd be fun to chat!
Living in Ireland, I get so tired of constantly hearing about just how well the economy is doing (last year we had a 10B euro budget surplus) -- yet that does not seem to contribute to a meaningful improvement in our day-to-day lives. Housing is more expensive and (ever more difficult to find) year after year, grocery and entertainment cost rise so fast, and no new infrastructure is built and no new services are added.
That's really interesting, thanks for sharing. I've been thinking about making an essay about Ireland ever since reading Nicholas Shaxson's fantastic book 'The Finance Curse' which dedicates a chapter to the so-called "Celtic Tiger". To me, Ireland seems like an extreme example of a country prioritizing esoteric growth metrics instead of improving the actual quality of life for... well actual people.
If I want to learn more about this and what you're describing, what should I read? Please feel free to elaborate on your experiences here or via email if you're comfortable. I'm keen to learn more.
Realistically the figures for Ireland are entirely removed from the experience of the average punter in Ireland. Ireland is essentially a tax haven for huge corporations and Ireland pretty much just collects this money and the multinationals are off the hook in terms of any problems with tax compliance, they are clear. Now you would think that this would still benefit the Irish but it doesn't. Ireland's GDP figures are artificially inflated but because the country has a high GDP per capita they are required to contribute more to the EU collective funding.
Also, Ireland is a puppet state of international organisations and has been since the funding program around 2010. So while Ireland has a lot of money flowing into it and the politicians speak up about this, they act out the demands of the internationalists by following all their orders and refusing any capital investment in the likes of housing or improving the transport links.
@@TheMarketExituse Rory Hearne’s work on housing crisis. He is leading the charge to hold government account and make social and affordable housing
I’m American born and raised and you highlighted a lot of problems I see in Southern California and America at large. Just like anywhere access to a good life is so dependent on the zip code one grew up in because of access to good schools, good food, level of crime etc. We need the brightest and smartest minds to invest in solving these problems in society and not pursuing private equity, another great video of yours by the way! America is cutthroat place that could use a little more equality!
Thanks for your comment! If someone wants to make society more equitable, what do you think that person should focus on first?
Once again an amazing video with great insights! Thanks Andres, keep it up 🙌
Great work, great quality 👏 👌 👍 🙌 well done
Great work, great video(s). And overall a very important message.
This is somesthing I've never seen on the internet!!!! Great Research. Now I'm interested in where the break-even point/sweet spot would be in society.
Great video! Can't wait for the algorithm starts favouring your channel
You and me both! ;) Thank you!
As always, a very outstanding video!
Great job! Nicely presented and enlightening as always!
Such an insightful video, Andres! Your storytelling skills and these attractive graphics make the viewer hooked in so well!
This inequality is so visible in my home country, Hungary. If you roamed around the center of Budapest, you would get an impression of a wealthy society.
Yet, given the past years of massive inflation, people are not living better, especially as rent and other living costs not equal Western European levels.
And while our GDP per capita is nowhere near Sweden's or even Spain's, there's always the sentiment that public money could be allocated to sectors that could ensure the improvement of society, especially lower classes.
Thank you Máté! Thanks for sharing that insight!
Hey Andres, just a suggestion: try to optimize the first 30 seconds of the video related to the title/thumbnail. It will definitely help increase viewership. Also, thanks for the project file. Are there more project files available? I'm open to paying for them or joining Patreon as well
Thanks, Ron! Yes, I have tons of project files. Maybe I should start sharing them on Patreon, I just didn't think anyone would be interested in them ;)
I appreciate your suggestion about the first 30 seconds. If you can, please elaborate a bit on what you mean. Feel free to drop me a message at hello@andresacevedo.com 🙏🙏
Thanks for making these videos; it must have been a lot of work!
You bet! But also extreme amounts of fun :) Thank you for watching and commenting!!
I have dreamt of someone making this video for such a long time. It's going to take time, but in the end truth will win. Keep going!
The funny thing is that I believe most people realize deep down, intuitively, that inequality creates social problems. But for reasons probably having to do with ideology, history, psychology (which you obviously know a lot more about than me), most of us constantly play down inequality concerns. There is obviously so much more that could be said about this topic, the problem is that it's a difficult topic to talk about without losing people's attention.
Thanks Johan for your patient and kind support!
You did a great job with those visualizations! Yes, people realize, but they've been fed the idea that there's nothing you can do about it. And they want to beleive we're on the right path. When Lance Armstrong was found guilty of doping, people still supported him and disregarded the facts. They wanted to beleive...
It's funny you should bring this up. My next video is about why we're so hesitant to change our minds. Maybe I should run the script by you :)
Anytime! (Unless I change my mind, that is.)@@TheMarketExit
I like your style of video essays quite a lot. But seeing the linear fits for so few and very far spread data points gave me shivers.
I came here after watching your newer video on how believes change, or rather how they stay the same. There you said that you were wondering why people presented with the same facts would not come to the same conclusions and made some good arguments for why this could be the case.
After seeing this video, I would add that we sometimes also can disagree on what we call facts which in turn leads us to different conclusions.
While correlations are interesting, they have little to no causal explanatory character for the data sets you presented. The United States is most of the time an obvious outlier and there are many cases where you could argue that ideology and geopolitical realities play a far larger role than the inequalities within a country. Identifying how those are correlated themself could be interesting nonetheless.
I don't know enough about your work so far to make a general statement, thus this is only a single observation concerning this particular video. This doesn't mean I didn't enjoy my time watching it, which I sure did.
Thanks for sharing your thoughts and for watching my video essays. Overall I agree with your comment. Your point about correlation not implying causation is well-taken and that's why I addressed it briefly in the video but maybe could have talked about it a bit more and gone into some of the subsequent studies that have established causative links between inequality and certain social problems. I also agree with your observation that the United States is somewhat of an outlier. I didn't mention in the video though that Pickett and Wilkinson has also made similar correlation studies between the US states and get largely the same results as when they compare different rich countries. That's why I believe the overall trend holds even if the US is an outlier. I hope you'll keep watching my essays and keep posting thoughtful comments! :)
i would love to hear you addressing the thoughts of thinks such as Bryan Caplan, Jason Brennan and Christopher Freiman.
Nice video once again! I understand the point of the video, and you are making the case for sweden being a more equal society, this equality impacts on the levels of happiness and life expectancy, however looking at the latest data sweden is one of the most unequal places in europe in terms of wealth distribution where the richest 1% concentrates more than 35% of the country's wealth (more unequal than the states?), so is it more about income inequality?
I love your videos please keep the good work
Amazing work Andres, I will make many people watch this video mark my words!
Thank you! :) I'm grateful that you watched it
Great job, thank you for your work!
Keep going, thx for sharing your thoughts
I'm waiting for this gem to drop
Helping u grow with the comment
Great video, I've always been a proponent of my country's progressive tax and fines system but I never pondered on the extent of its positive effects. This does make me wonder however, what can ordinary citizens do to decrease inequality? 🤔
Great question! To be honest, I don't know. What do you think?
@@TheMarketExit Be politically active, make more money, and give opportunities to the needy, I guess.
You're doing a good job here!
In Finland, there has been a lot of talk here recently about why inequality is needed and how it is important to keep the world running and the economy healthy, for example, the poor are needed so that there are people who do the work and the rich are needed so that the poor have money that trickles down from top to bottom like crumbs and creates growth and consumption on the way. And that's why Nordic social democracy has failed because it wasn't capitalist and market liberal enough but it focused on taxing the rich and giving too much social security to the poor. And that's why Finland and Sweden should be more like the USA. What is your opinion on this? Did Nordic social democracy fail?
That's the neo-liberal worldview in a nutshell that you're describing and I strongly disagree with it. I believe the empirical evidence is in:
1. Wealth doesn't trickle down, if anything it trickles up. Therefore, if you give tax benefits to the rich, you'll have more inequality, not less.
2. Inequality does not lead to economic growth, and even if it did, then economic growth that doesn't benefit society as a whole -- but instead undermines social cohesion -- isn't the type of economic growth we should be striving for.
3. More inequality means more social problems that hurt us all, including the rich.
4. More inequality doesn't lead to more social mobility. In fact, social mobility is lower in more unequal countries.
Did Nordic social democracy fail? Yes, I believe it did when the social democratic parties did what political scientists call "triangulation", when they embraced neoliberal ideas like privatizations and trickle-down-economics in a futile attempt to get more voters. The problem that Nordic social democracy has is that we barely have any parties that actually stand for it anymore.
Thanks for the comment!
Dam this is so true even in my country 😢
yessssss
Are you sure in you charts and data? I checked Portugal and it seems way off your data.
Homicide rate as example can't be 2nd highest after US, it's in line or lower than other EU countires like Netherlands.
No it's accurate. It comes directly from Pickett/Wilkinson's research data. Their source is "Homicides per million, period average for 1999-2000, United Nations Crime and Justice Information Network, Survey on Crime Trends and the Operations of Criminal Justice Systems (Fifth, Sixth, Seventh, Eighth). 2000, United Nations."
According to this data, Portugal is at 34.6, United States is at 64. Netherlands is at 14.5. If you're seeing other data then perhaps the explanation is that your data is more recent and that it Portugal has improved since then?
Here's the full data source:
equalitytrust.org.uk/civicrm/contribute/transact?reset=1&id=5
I love your work to improve data literacy 👏
Thanks! I'm basically just sharing stuff I find interesting :)
@@TheMarketExit it's about HOW you explain your visualizations in a crystal clear way that even ppl who aren't super nerdy can understand that I love :)