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Switch to the good habit with https://tryfum.com/EE and use code EE to save additional 10% off your order. Thanks FÜM for sponsoring this video! Unfortunately for theoretical economists, we are not allowed to run economics experiments on the whole of society to see definitively whether or not certain economic policies or systems work in practice. Millions of lives hang in the balance, so this is an ethical non-starter. But we can study countries that have experimented with socialism, communism, and laissez faire capitalism to see what the outcomes are. And the experiments have been done. Check out our video on the Dutch East India Company, the most influential multi-national company in history, over at Epic Economics: https://youtu.be/zjD9QEmwKF0 This video was made possible by our Patreon community! ❤️ See new videos early, participate in exclusive Q&As, and more! ➡️ https://www.patreon.com/EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ The Economic Explained team uses Statista for conducting our research. Check out their YouTube channel: https://www.youtube.com/channel/UCuj2Bne141HGmYFsbkfnbqw Enjoyed the video? Comment below! 💬 ⭑ Enjoyed? Hit the like button! 👍 Check out our second channel Economics Explained Essentials → https://www.youtube.com/@economicsexplainedessentia551 ✉️ Business Enquiries → [email protected] 🎧 Listen to EE on Spotify! 👉 https://open.spotify.com/show/5TFVUEJnYLOCmmfaDNHaM2 Also on Apple Podcasts or anywhere else you listen! Follow EE on social media: Twitter 🐦 → https://twitter.com/EconomicsEx Facebook → https://www.facebook.com/EconomicsEx Instagram → https://www.instagram.com/economicsexplained/ TikTok → https://www.tiktok.com/@economicsexplained #Economics #Explained #EconomicsExplained ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ ECONOMICS EXPLAINED IS MADE POSSIBLE BY OUR PATREON COMMUNITY 👊🙏 Support EE by becoming a Patron today! 👉 https://www.patreon.com/EconomicsExplained The video you’re watching right now would not exist without the monthly support provided by our generous Patrons: UPPER CLASS Jeromy Johnson, Juan Benet UPPER MIDDLE CLASS Pineapples&bricks, Adrian Bellomo, Maximiliano Rios, Peter Wesselius, std__mpa, Bac Nguyen, Michael Ling, Stephanie Roth, Frank Soltero, David Poliakoff, Jay Eno, Ryan Foo, Grégoire Duchêne, Sophie G, Brett Jubinville, Anthony Roberts, jill hoffman, Nathan Ngumi, JKH, Post Apocalyptic In Missouri, Constanza de Svastich, Laor Glukhovsky, Kib Bibens-LeFebvre, Forodon, Paul Ashworth, Igor Stavchanskiy, Mcfeld, Wendover Productions, Andrew Harrison, Igor Bazarny. MIDDLE CLASS Brian, Vladimir Zotov, Stefano Panaro, Seth, Dragan Alexandru, Tenebrion, Jason, Alex Wong, Jamie Costello, Rick Van Velden, Leah Klearman, Bacongravy, Klaus Clemens, Ps0Fa, Abel, Eric Slimko, Adam, Empyre18, Brian Jackson, Istvan P, Johann Döpke, Leonid Sorokoumov, Thomas Davenport, Nicholas Luchetta, Kim Brand, Ted Marcy, Joshua White, John Issitt, Joe Ryan, Patrick Staight, Wees Kendall, Shane Guthrie, Andrew Baartz, Jim Kirker, Justin Smith, Karan Mehta, Alex, roGER, Elisabeth Stanfield, Ash, Marton Csikos, Randy Cleary, Arjan, Marton Szasz, Liubov Zvereva, Jeff York, Michael D. Hall, Long Phan, hunter dalton, Craig Mews, Kent Klatchuk, Stefan Penner, ZETTAwith3TEEES, Zac Woodrell, Roman~1, Chris Hawkins, Wesley Fite, Robert Nyborg, David McIlveen, Anthony, Arend Peter Castelein, Daniel Alberto Vázquez Rodríguez, Kamil Sicinski, Dodd Willingham, Leo Vassershteyn, How long can a profile name be... this long... Wow, this is longer than I would have expected. Good lord, the letters! Secunda!, Michael Kürbis, Hugh Harris, David W., Will, Kheng Lai Tan, Andrey Kalganov, David Taylor, Scott Greenwood, Jane Walerud, Simon Sturmer, Zachary Demko, Michael Wolff, Steffen Lindner, Siegfried Eggl, PM, Jack Annear, michael, Jonathan Krailler, Franklin, Trevor, Marcel Roquette, Daniel Hall, Connor Costello, John D Tyler, Petronio Coelho, Kevin MacIntyre, Travis Thompson, Matthew Eggleston, Andrew Vinnichenko, Zachary Kasow, AZbytes, Johannes, Reuben Field, Nigel Pauli, Jacob, AB3, Sridev, Matt McKee, Norrawed Setthiwong, Victor T., Pedro Brito, Michael Salt, John C, Rimvydas, George Dusu, John Downie, Shivan, Caleb Adjokatse, Donald Wedington, Demo sthenes, Brenton Milne, Hayden van Reyswoud.

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