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About Why is the West So Rich?
Explore Why is the West So Rich? with 158,786 views, 10,586 likes, and 1,133 comments. Experience the impact of this video content that has captured audience attention.
Use code HAKIM at https://incogni.com/hakim or by scanning the QR code to get an exclusive 60% off an annual Incogni plan! Support me on Patreon: https://www.patreon.com/ComradeHakim Join MeansTV, support me and other leftist creators for exclusive content with 20% off! https://means.tv/orders/customer_info?o=70845&d=HAKIM Twitter: @YaBoiHakim 00:00 Introduction 00:43 How Free Markets Rhetoric Developed 04:46 The Cannibalization of Japan (The Rigging of "Core-Core" Competition) 08:46 Interfering in Competition As a Feature of Capitalism 14:37 Economic Imperialism and SAPs 17:58 The Meme of Modern Protectionism 20:33 Conclusion Addendum: Japan is a core nation, but has had strategies normally aimed at the periphery imposed on it (much like the "lesser" European countries) through i.e. the Plaza Accords. The point of the Japan example and the "core-core competition" section is to show how competition isn't allowed even between "allies". The reason I highlighted currency value manipulation instead of the usual unequal exchange/value transference is because I've covered that extensively in earlier videos. Had I had more time, I would've expanded the example to include examples from the periphery instead of just pointing you to another video of mine. I realized that this could cause confusion upon rewatching this so I'm leaving this addendum.
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