Skidelsky: Trump's Economic View 'All Mixed Up'

The video discusses the UK Prime Minister's speech on capitalism, emphasizing the need for free markets and shared prosperity. Theresa May warns business leaders about ethical practices. Robert Skidelsky analyzes her stance, noting a shift in tone. The discussion covers the impact of austerity on free trade and the rise of populism. Historical context is provided, highlighting criticism of economic policies. The video concludes with a debate on the roles of markets and government, referencing Keynesian economics.

What did the UK Prime Minister emphasize about capitalism in her speech?

• Free markets are detrimental to economic growth.

• Capitalism should be replaced by socialism.

• Free markets and trade are essential for lifting people out of poverty.

• Capitalism should only benefit the wealthy.

According to Robert Skidelsky, what is a major flaw of austerity measures?

• They lead to increased government spending.

• They promote economic growth.

• They reduce inequality.

• They hinder economic recovery and trade.

What is a criticism of quantitative easing mentioned in the discussion?

• It reduces government debt.

• It increases inequality.

• It boosts employment rates.

• It stabilizes the economy.

What is the main concern about leaving economic decisions solely to the markets?

• It leads to increased government control.

• It results in economic stability.

• It promotes fair wealth distribution.

• It can cause significant economic crashes.

What did Keynes believe about the role of government in markets?

• Government should have no role in markets.

• Markets should operate without any government intervention.

• Government should control all market activities.

• Government intervention is necessary to make markets function acceptably.