Learn the Language of Power [Ha-Joon Chang]

The video emphasizes the importance of economic literacy for the general public, arguing that understanding basic economic principles is crucial for societal improvement. It critiques the current economic discourse, which often excludes ordinary citizens, and highlights the need for informed public opinion. The speaker draws parallels between economics and historical power dynamics, advocating for a more inclusive understanding of economic issues. The video concludes by stressing the role of citizens in a democracy and the importance of engaging with economic topics.

What is the main argument for promoting mass economic literacy?

• To increase financial profits

• To enhance technological advancements

• To improve human welfare and society

• To support economic experts

Why do many people refrain from discussing economics?

• They find it too easy

• They believe it is only for experts

• They are not interested in finance

• They lack access to information

How does the speaker relate the translation of the Bible to economic understanding?

• Both were historically restricted to elites

• Both require formal education

• Both are irrelevant to modern society

• Both are easy to understand

What misconception about taxation does the speaker address?

• Only the wealthy pay taxes

• Taxes are a burden like a Netflix subscription

• Taxes are voluntary contributions

• Taxes are only for public officials

What is the speaker's view on military dictatorship?

• It is not recommended for anyone

• It is necessary for economic growth

• It is a preferable form of government

• It is a temporary solution