JTOL0037 The Effects Socialism in Jamaica

00:00 Intro. 01:55 Fiscal conservatism vs social justice 03:14 Economic programs to solve social issues are EXPENSIVE 05:40 Another approach to looking at the situation, blaming neocolonialism. 10:42 Our inability to learn from history, and shunning of responsibility. 12:03 Thoughts about democracy and voting 12:30 The effects of socialism may differ by country based on the population’s ability to sustain the productivity required to pay the debt. 14:05 Other factors influencing a country’s growth Main Paper: http://www.nber.org/papers/w14604.pdf Henry, P. B., & Miller, C. (2008). Institutions vs. policies: A tale of two islands (No. w14604). National Bureau of Economic Research. Article about neocolonialism (from a speech): https://debate.uvm.edu/dreadlibrary/borelli02.htm Borelli, Dori, (2002). Neocolonialism in Jamaica: History, practices, and resistance. DISCLAIMER: I am not an economist and I am not an expert on these topics. Originally Published on November 15, 2017 ********Follow Twitter: https://twitter.com/desiraethinking Instagram: https://instagram.com/desiraearts YouTube: https://YouTube.com/justthinkingoutloud ********Ways to Support: ▸ www.JUSTTHINKINGOUTLOUD.TV/DONATE Patreon: https://patreon.com/justthinkingoutloud Merchandise: https://teespring.com/stores/justthinkingoutloud Buy My Art: http://ow.ly/3ghY30gGAjM