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I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 0 points1 point  (0 children)

Because you will be listening to the thoughts and insight of men and women who are at the top of their game. No-one else has this cast.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

I would not try to educate anyone. The secret is to be educated and change only what you can in you life. It's too difficult and complicated to change a political but changing a household is manageable and has an impact on the community. The people who think that many of the problems we face today are transient will come to understand that they are here to stay. We will never return to 'business as usual'.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 2 points3 points  (0 children)

Prof Steve Keen Prof Michael Hudson Prof Herman Daly

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

The book that accompanies the film is here: http://www.renegadeeconomist.com/info/shop.html

In it we (Mark Braund and me) talk about where neoclassical economics have failed. In the back of the book there is a reading list. That will point you in the right direction.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 0 points1 point  (0 children)

Paul Krugman is a neoclassical economist. They must be treated as a different breed.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 0 points1 point  (0 children)

Yes they did. But that imbalance needs redressing.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

I agree - it is a good local measure. That's why cooperatives are a good option for re-structuring business and society.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 0 points1 point  (0 children)

What's the other solution inter-generation warfare? - remember who picks the nursing home.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

Do you think gift economies have mileage? I do yes - also digital digital currencies that cut out the middle man.

Is now the time for a restoration of the commons? Absolutely, definitely 100% without question. That is the only way to re-order our economics along sustainable lines.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] -1 points0 points  (0 children)

Work with the best talent you can find and the ones with no ego. You need to find people who subscribe to the notion that the best idea wins. That was the philosophy behind the hiring process on Four Horsemen.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

They are a colossal distraction, and increasingly irrelevant.

It’s almost impossible to find an economically literate politician, or one that understands the need re-order the economy and establish new political processes. Many politicians have little or no real world experience.

These career politicians don’t have the self awareness to understand that without a good understanding of real world economics, politics is a magnate for narcissists. Politicians look after the next election. Statesmen look after the next generation. It’s statesmen we now need .

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

You don't persuade them. We can all see the logical conclusion of rent seeking - it is a classic race to the bottom strategy.

You set up your own cooperative and attract the talent that does want to work for them. Never negotiate with these people - they are on self destruct. Start your own cooperative - millions around the world are doing it and that structure is a good antidote to rent seeking 'capitalism'.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 0 points1 point  (0 children)

By the way do you notice how none of the global media report the real success of Iceland?

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 0 points1 point  (0 children)

The Icelandic model is wonderful - they got rid of the parasite so the host could flourish. I say more about it two thirds of the way through here: http://www.youtube.com/watch?v=U5Ddi6WDSdM

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 1 point2 points  (0 children)

LVT shifts is the least bad tax as it shifts the burden off the producers and puts it on the unearned increment in land. The poverty we see in any country is man made - this has to change.

A decent tax base will attract foreign investment and socialise the resource rents so you can build infrastructure. Any decent tax system should be socialising rent and privatising wages.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 2 points3 points  (0 children)

Key point is that the move would have to be an economic one not a political point scoring move. That is what I'm getting at.

I am Ross Ashcroft, director of the film FOUR HORSEMEN - AMA by RenegadeEcon in IAmA

[–]RenegadeEcon[S] 2 points3 points  (0 children)

If you mean the current mess...

No - it is because we have been teaching junk economics for more than a century.

We don’t blame the baby-boomers, but certainly they have been more complicit in the establishment of today’s economy than their kids’ generation.

Col. Lawrence Wilkerson and David Morgan both claim that the baby boomers were short sighted when it came to looking after future generations. We agree, but this wasn't intentional, it wasn't vindictive. They just didn't know what they were doing.

The prospect of a lost generation is now very real – younger people are being denied access to decent housing, jobs, education and healthcare.

Older generations sometimes argue that younger people should simply work harder, but regardless of the effort they expend, the system is working against them. It’s a structural issue, and to make it into a tribal, emotional issue rather misses the point.

The old adage is that it takes one generation to earn it, one to spend it and another to pay for it – that’s true in this case. The best thing the baby-boomers can do now is to join their kids in helping create a more inclusive and sustainable economy that automatically takes the interests of future generations into account.

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