Our New Global Economy

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Note: Microchips didn't move to Taiwan because of the free market. It moved there because the government invested in it heavily.

Company owner in Europe here, at 12:43 - Government incentives are NOT for small or medium companies, but only big corporations. Small and medium companies are still getting shafted. We made the decision 25 years ago to stay in the country and not send the production to china, which would have been better. We remained in the country, with local skilled workers. The government never cared. Never gave back for staying. Now they are giving nice tax incentive to big corporation to come back, but not to small and medium companies that stayed and paid more than their fair share. Government are just scrambling to get production back because Covid showed how dependent they were on china.

Mr Johnny Harris, I tip my hat to you. I am 73 years old and recently retired. I have been a musician, a song -writer, a pilot, a pastor and I have headed up an innovation centre at a university and been a high school teacher - but I have learned more from you than I have learned from a lifetime of formal education. You are the most gifted teacher I have ever witnessed and had the privilege to learn from. Keep up the good work. The people of the world have much to learn and you are the best person to teach it!

Our economy struggling with uncertainties, housing issues, foreclosures, global fluctuations, and pandemic aftermath, causing instability. Rising inflation, sluggish growth, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.

Trouble is that if I can get AI to take over my job, it doesn't mean I get to stay home and do something more fulfilling, it just means I'm broke and the business owners will make more money...

I know he means microchips, but hearing big Joe say, "we need to make these chips right here in America" is hilarious without context

Whoever does the graphics is doing a great job! Like the maps with the outlines and the company logos moving around. Stuff like that makes the videos more engaging. I’m sure it’s a lot of work!

thank you for your work. And the visuals are amazing. bravo.

I think the most important factor that the video totally ignored is one of the main reasons that global trade didn’t lead to world peace is because the US weaponized it with its unilateral sanctions against any country that didn’t agree with it politically, and quickly governments started taking notice and feared that the same might happen to them. And that’s why they started rethinking their dependence on the US controlled financial systems, etc. not the other way around.

This is pretty much my PhD dissertation topic: rivalry and economic interdependence. It's great to see I'm researching something people are interested in and something relevant to current world affairs.

Always great up to date videos awesome to know and learn.

love the sound design and great content as always

I work in New Albany, Ohio. The amount of factories and server farms that have come here over the years is absolutely insane. All of the Roads in Columbus are getting widened and paved

I think it is important to note that people aren't generally as easy to move around as jobs. This is the crux in my opinion. If you move all the jobs somewhere, people can't just pack up and move to where the jobs are, so they end up in economic decline. This gets glossed over in pure economic discussions. The cities that jobs moved to get richer, but it's not money conjured from nowhere.

I saw one short.. went to the channel just to get a feel..
After I read the 5th title, I already got the scope of johnny's brilliance , and subbed 😉

The way you just answered all my questions . Great work

A refreshing reminder that what fuels the globalization is not really technology, but policy

As someone who is involved in global manufacturing and seen this all happen, I am not surprised. All the moving of manufacturing overseas just provided short term gain. The answer is to not take away global trade, it is to make every country play by the same rules. The same health and safety rules. The same minimum wages (edit: min wage I think now is impractical). The same worker's rights etc. Right now, we do not have the same rules and policies in place.

I feel so fortunate to have found your channel. Your videos give me a greater understanding of what I'm seeing and hearing in real time. Thank you! I appreciate the time and effort you put into your videos! Top notch stuff!