Economics Explained: The ‘Surplus’ Concept… That Trump Doesn’t Understand (Paul Krugman)

Calling a political opponent a communist is silly. Not even the Soviet Union or China called themselves communist. They called themselves socialist. Communism is when the productive surplus is controlled by the workers themselves. The government owning a business and deciding what to do with a surplus is just a government elite controlling the surplus instead of an owner or manager elite. Communism would be not a government elite or capitalist elite controlling the surplus, but the workers controlling the surplus. The socialist governments were supposed to be a transition phase to true communism. The closest things to this might be cooperatives where the workers also own the business, although those are done within a larger capitalist system.

https://www.youtube.com/watch?v=LUXucPRH_-4

The BRICS Prepare the BIGGEST ATTACK on the DOLLAR at its Most FRAGILE Moment: “Brics Pay”

The BRICS Prepare the BIGGEST ATTACK on the DOLLAR at its Most FRAGILE Moment: “Brics Pay”

Brics Pay would allow countries to trade in their own dollars rather than needing the U.S. Dollar. It’s still being set up.

https://www.youtube.com/watch?v=oOg7aYeV5eM

The Forgotten War That Paved the Way for Islam in Central Asia

The Muslims defeating China led to Islam being prominent in Central Asia and to paper technology leaving China and changing the world due to captured paper makers.

https://www.youtube.com/watch?v=jPegSsK3l5o

The Future of Energy Has Arrived — Just Not in the U.S.

As the U.S. backs away from clean energy and limiting global warming on the president’s false belief that climate change is a hoax, China is stepping in as a leader globally, leading on the issue and selling its technologies and products to countries around the world. Despite its leadership and its massive renewable production, it still uses a lot of dirty coal. China’s clean energy partnerships around the world give it influence. The Trump-led U.S. is banking on past fuels and energy, while China is advancing into the future.

https://www.youtube.com/watch?v=ENJ6UmECe1Q

How Eating Wheat vs Rice Shaped The Vast Cultural Differences Between Northern and Southern China

Societies that primarily grow rice rather than wheat tend to be more collectivist due to rice requiring more of a group effort.

https://www.youtube.com/watch?v=THGJxJcM8IE

Trump’s been played by Xi in China deal | Justin Wolfers

Trump’s deal with China has made things less bad than they were before the meeting, but they are still way worse than they were before Trump engaged in a trade war with China.

https://www.youtube.com/watch?v=Dr-gB3BNykQ

The Pentagon’s Desperate Bet to Stop China | ‪@visualeconomiken‬

China is dominant in rare earth mining and refining. Catching up on how to refine efficiently may be the hardest part. The U.S. could do this not long ago, we let it slip and are now regretting it!

https://www.youtube.com/watch?v=LMgmR3dl8P8