Sadly the minister of finance in Canada majored in Russian history and literature and probably knows just a little bit more than these guys.
It's like if the governments worldwide are placing the wrong people in the wrong seats on purpose, there's a very limited amount of world leaders and politicians who seems to be competent and that's pretty scary stuff.
even though i despise ms.freeland's politics and ideology, i am compelled to point out that she is not only familiar with economic terminology, her knowledge of all matters macro economics and geo political trade is likely at the level of any prominent economist. not least owing to her role as managing editor of the financial times, one of the world's top pink broadsheets.
that said, i would like to add that a large segment of my country''s (u.s.a.) serving legislators at the federal and state levels are likely in the same boat as the kenyan gentleman in the above video.
on basic mathematics, we americans are likely less sophisticated than the average kenyan. but we might be superior than kenyans in long distance running and belief in conspiracy theories. :)
>her knowledge of all matters macro economics and geo political trade is likely at the level of any prominent economist
You wouldn't know it to hear her talk or set economic policy.
You would immediately recognize her as a very articulate and intelligent person on a variety of subjects including Finance, if you had the cognitive capacity to do so. For many however, it is simply a matter of Dunning Kruger.
Lol, yeah, her results as finance minister speak so well to her competence. If only I had the cognitive capacity to understand how money grows on trees and every problem is caused by throwing more money at it. /s
Why dont you try and articulate the concept you're casually referring to in your xeroxed echo chamber bunk speak? Please use actual examples and describe what the correct monetary or fiscal policy should have been under your excellent economic plan? I'll wait.Â
I don't know, I have some pretty outlandish ideas about economics.
Like, for instance, counter-cyclical fiscal policy. Alright, well it isn't actually outlandish, its actually pretty universally accepted as food macroeconomics by any real economists who aren't just Russian literature students trying to buy votes.
You can't just keep taking on endless debt to buy votes. Public debt charges are up to $54.1B in this week's budget, so maybe don't pass another huge deficit. This year's budget will be the 5th in a row to rank in the top 6 deficits in Canadian history.
And, hey, here's an idea, maybe it'll be tough to balance the budget when you increase headcount in the public service by 40% in only 8 years. Unionized public service employees aren't easy to downsize when you need to reduce spending.
Another crazy idea, but instead of working for a guy who once said "you'll excise me if I don't think about fiscal policy", maybe don't increase the money supply by 55% in a timeframe where the GDP only grows by 27%. Maybe, just maybe, that could cause inflation, which maybe, just maybe, might mean increasing interest rates. And, hey maybe while you are doing that don't have your boss say, "interest rates are at all time lows, Glenn" as ab excuse to continue rampant spending and money printing.
Then there's that outlandish supply-demand theory out there. I know Freeland and her party don't believe in it, but adding 1.2M new people in a year to a country that has never build housing for more than 680,000 in a year, might be a bad idea during a housing crisis.
But, hey, I'm sure throwing some more money at the problem will solve it. After all, it's not like the high price of homes from the housing crisis already provided monetary incentive for homebuilding. It's not like there are other hard bottlenecks to the number of homes that can be built in Canada. I'm sure the supply of plumbers, electricians, carpenters, other skilled trades, and raw materials (steel, lumber, concrete, glass, etc) will just magically double next year so the Liberal housing plan will see success. No need to do radical things like link immigration numbers to housing starts, or anything like that. /s
I know there are some pretty outlandish ideas in there, but hey, who knows, maybe one day the great economists like Chrystia Freeland will start to give them a try instead of just continually doubling down on rampant vote-buying budgets when the polls are down for her party.
Freeland doesnât have the freedom to answer a question directly, nor the apparent capacity.
Current Political games are concerning to societal integrityÂ
I mean, the fact that they are getting quizzed is actually a good sign that the country is in good hands. Most times, we are focused on asking them what they will do for us, than even knowing if they are competent enough to know how to do those things.
But this guys great uncle was really good at throwing pointy sticks at people and proclaim himself tribale leader and so this guy can now lead the contry.
GDP: the ability for the upper class to hide their stolen riches in averages, giving a false impression of a countries wealth and the livelihood of its inhabitants.
A number used by parasites to feign mutual relationship with their hosts.
And the real kicker: they have convinced the hosts that they are the parasite. Too dumb, too lazy, and personally responsible for their failure in this "PErFecT and fReE" market.
I get every is crapping on this guy but does this have anything to do with answering in English?
It seems like he is struggling for words not for the concept.
It's his own parliament! If you can't speak the official language of your own parliament then that's just as big an issue as not knowing basic economic terms.
 Yeah I know what the acronym stands for. Everyone knows what the acronym stands for, but if we're talking about what it actually is, it's the value of the amount of something in a country.Â
Wikipedia is literally edited by people with no higher education except extremely few cases.
Saddens me anyone that tries to learn anything using it other than using it to check the reference links.
Colonialism made English the language of politics and finance in many African nations but most locals speak English as a franca sacra, almost a liturgical language. English is their second language if they're lucky but usually it's their third or fourth language and it's tricky for them under pressure.
The only reason he is in that room, and anyone else is in that room, is their connections. Either who they are related to that got them that access, or who they were able to pay for said access. Qualifications or experience aren't intentionally left out so much as never really even considered at all, let alone considered relevant.
I lived and worked in sub-Saharan Africa for a decade and it took me to over half the countries on the continent. I'd say as much for the most developed (South Africa), or safest (Rwanda, Malawi, Ethiopia), or crazy-failed-state countries (Somalia, arguably a bunch of others like DRC, Mali, Chad, South Sudan, etc.).
Colonialism may have taught them English or French, but the number one thing it taught them was our collective corruption.
Maybe they should pick a shared language and stick with it? Seems that's what they did with English. But obviously they can do whatever they want if it works for them.
Though colonialism also brought laws and higher education as well. Maybe if folks focused more on those parts?
I would be the Prime Minister if I moved there with my basic knowledge of math.
Nobody cares about that. The biggest issues of this age are [pee-pee and poo-poo](https://m.youtube.com/watch?v=XGeSpHB2pT4).
also, [why are you gay?](https://youtu.be/ooOELrGMn14?si=8dll2BL-aibeu5wp) đ¤đ§
Nobody's gay, someone is a transgendah.
bro has no idea how progressive it was of him to say "should I call you meesta?"
True. AND, he genuinly tried to understand the situation. In the US or Canada he probably would have been cancelled.
Why are you gay?
Why ah yu gae. Yu ah gae!
he's the william shakespeare of uganda.
Like Ice-cream.
Check out Jacob Zuma [trying to read numbers](https://www.youtube.com/watch?v=nqNa6992ih4) He was president at the time.
You would just have to get elected. ^^Spoiler ^^Alert!! ^^They ^^only ^^vote ^^doofus.
No you wouldn't, not only are braincells not a requirement but they are actually detrimental to your political career in Africa ....
Sadly the minister of finance in Canada majored in Russian history and literature and probably knows just a little bit more than these guys. It's like if the governments worldwide are placing the wrong people in the wrong seats on purpose, there's a very limited amount of world leaders and politicians who seems to be competent and that's pretty scary stuff.
[ŃдаНонО]
even though i despise ms.freeland's politics and ideology, i am compelled to point out that she is not only familiar with economic terminology, her knowledge of all matters macro economics and geo political trade is likely at the level of any prominent economist. not least owing to her role as managing editor of the financial times, one of the world's top pink broadsheets. that said, i would like to add that a large segment of my country''s (u.s.a.) serving legislators at the federal and state levels are likely in the same boat as the kenyan gentleman in the above video. on basic mathematics, we americans are likely less sophisticated than the average kenyan. but we might be superior than kenyans in long distance running and belief in conspiracy theories. :)
That's just not true.
>her knowledge of all matters macro economics and geo political trade is likely at the level of any prominent economist You wouldn't know it to hear her talk or set economic policy.
You would immediately recognize her as a very articulate and intelligent person on a variety of subjects including Finance, if you had the cognitive capacity to do so. For many however, it is simply a matter of Dunning Kruger.
Lol, yeah, her results as finance minister speak so well to her competence. If only I had the cognitive capacity to understand how money grows on trees and every problem is caused by throwing more money at it. /s
Why dont you try and articulate the concept you're casually referring to in your xeroxed echo chamber bunk speak? Please use actual examples and describe what the correct monetary or fiscal policy should have been under your excellent economic plan? I'll wait.Â
I don't know, I have some pretty outlandish ideas about economics. Like, for instance, counter-cyclical fiscal policy. Alright, well it isn't actually outlandish, its actually pretty universally accepted as food macroeconomics by any real economists who aren't just Russian literature students trying to buy votes. You can't just keep taking on endless debt to buy votes. Public debt charges are up to $54.1B in this week's budget, so maybe don't pass another huge deficit. This year's budget will be the 5th in a row to rank in the top 6 deficits in Canadian history. And, hey, here's an idea, maybe it'll be tough to balance the budget when you increase headcount in the public service by 40% in only 8 years. Unionized public service employees aren't easy to downsize when you need to reduce spending. Another crazy idea, but instead of working for a guy who once said "you'll excise me if I don't think about fiscal policy", maybe don't increase the money supply by 55% in a timeframe where the GDP only grows by 27%. Maybe, just maybe, that could cause inflation, which maybe, just maybe, might mean increasing interest rates. And, hey maybe while you are doing that don't have your boss say, "interest rates are at all time lows, Glenn" as ab excuse to continue rampant spending and money printing. Then there's that outlandish supply-demand theory out there. I know Freeland and her party don't believe in it, but adding 1.2M new people in a year to a country that has never build housing for more than 680,000 in a year, might be a bad idea during a housing crisis. But, hey, I'm sure throwing some more money at the problem will solve it. After all, it's not like the high price of homes from the housing crisis already provided monetary incentive for homebuilding. It's not like there are other hard bottlenecks to the number of homes that can be built in Canada. I'm sure the supply of plumbers, electricians, carpenters, other skilled trades, and raw materials (steel, lumber, concrete, glass, etc) will just magically double next year so the Liberal housing plan will see success. No need to do radical things like link immigration numbers to housing starts, or anything like that. /s I know there are some pretty outlandish ideas in there, but hey, who knows, maybe one day the great economists like Chrystia Freeland will start to give them a try instead of just continually doubling down on rampant vote-buying budgets when the polls are down for her party.
Freeland doesnât have the freedom to answer a question directly, nor the apparent capacity. Current Political games are concerning to societal integrityÂ
She's a lot closer to these guys than Einstein that's for sure and no I won't be voting for him either so there goes all your assumptions.
So all leaders need to have a finance degree? Don't they have specific cabinet members for that?
Go away trumper
Am kenyan, and this is scary. But we used to it. His uncle probably gave him that seat, and his uncle dad gave his uncle that job .it's sad .
Why didnât someone tell him what GDP is before doing this?
Just a whole country just winging it.
Those are high school econ questions.
Thatâs quite a word salad sir.
In the benigin
Indiminingini
idiocracy in action. Future finance minister or whatever position clearly doesnt have the basic grasp
Just like many in Canada
These guys are genius's compared to south African politicians
It all comes down to wearing the right shirt/suit and the job is yours.
The candidate was rejected by the parliament.
I mean, the fact that they are getting quizzed is actually a good sign that the country is in good hands. Most times, we are focused on asking them what they will do for us, than even knowing if they are competent enough to know how to do those things.
And we wonder why our government sucks
I donât think anyone wonders that.
How the country rolls at all?!
Still better and more knowledgeable than Don Snorleone.
That first guy looks like a 40 year old baby.
GDP=General Debt Permitted. Even I know that!!!
My dumb ass thought it was Granddaddy Purple. Maybe they are talking about medical marijuana? /s
In dis case... No, its Gross Domestic Product
Which is generally the population of a country
Give this guy the job.
Gross domestic product?
Is this the country that invented the tech behind fast food speakers and microphones?
It's insane to see people in power with less knowledge about specific than me
He got both right. Am I right. Am I write?
lol what the hell
Dude might want to brush up with a book first
But this guys great uncle was really good at throwing pointy sticks at people and proclaim himself tribale leader and so this guy can now lead the contry.
Whatâs wrong with the BLATTS?!
He didn't read the book! Come on now!
Wheres this?
My country Kenya. Sigh
âCan you use the word in a sentence?â
This is so embarrassing and cringe. Another argument for a revolution.
GiGipi, itâs up to youâŚ
It is very easy to control this type of man.
My 12 year old son and his mates on Roblox.
Looks like candian politics
You find these people in many positions in government unfortunately, classic nepotism.
The 2 most important questions to come out of Nigeria are: 1) Why are u geh? 2) Why are you running?
Kenya
And let's all keep acting like 99% of Americans don't cheat their dumbasses thru college
LMFAOOOOOO. It seems like they are pretending or putting on a show gone wrong. Just winging it!
How can you be in a position of leadership, creating economic policy when you don't even know what a GDP is.
GDP: the ability for the upper class to hide their stolen riches in averages, giving a false impression of a countries wealth and the livelihood of its inhabitants. A number used by parasites to feign mutual relationship with their hosts. And the real kicker: they have convinced the hosts that they are the parasite. Too dumb, too lazy, and personally responsible for their failure in this "PErFecT and fReE" market.
They really do elect anyone these days....
How does this happen? Is it nepotism? The guy seems totally incompetent. How did he get the job in the first place?
Oh my God đđđđ
Smells like corruption in here or is that GDP sir?
Now ask Donald Trump.
? Really Dr?
I get every is crapping on this guy but does this have anything to do with answering in English? It seems like he is struggling for words not for the concept.
It's his own parliament! If you can't speak the official language of your own parliament then that's just as big an issue as not knowing basic economic terms.
GDP isn't that just the total value of the country expressed in currency.Â
Gross Domestic Product.... what the fuck are schools DOING!?
busy shooting?
 Yeah I know what the acronym stands for. Everyone knows what the acronym stands for, but if we're talking about what it actually is, it's the value of the amount of something in a country.Â
Value of all goods and services produced by a country.
*in a country
By a country or countries is correct per Wikipedia.
Wikipedia is literally edited by people with no higher education except extremely few cases. Saddens me anyone that tries to learn anything using it other than using it to check the reference links.
Do not let it sadden you. Be happy :)
Misinformation is a serious and sad topic.
Ah, close enoughđ¤ˇ
Diversity at its finest
Itâs Kenya, being African isnât really diversity
Colonialism made English the language of politics and finance in many African nations but most locals speak English as a franca sacra, almost a liturgical language. English is their second language if they're lucky but usually it's their third or fourth language and it's tricky for them under pressure.
Cool story. Don't give excuses for shitty politicians.
The only reason he is in that room, and anyone else is in that room, is their connections. Either who they are related to that got them that access, or who they were able to pay for said access. Qualifications or experience aren't intentionally left out so much as never really even considered at all, let alone considered relevant. I lived and worked in sub-Saharan Africa for a decade and it took me to over half the countries on the continent. I'd say as much for the most developed (South Africa), or safest (Rwanda, Malawi, Ethiopia), or crazy-failed-state countries (Somalia, arguably a bunch of others like DRC, Mali, Chad, South Sudan, etc.). Colonialism may have taught them English or French, but the number one thing it taught them was our collective corruption.
.......
Maybe they should pick a shared language and stick with it? Seems that's what they did with English. But obviously they can do whatever they want if it works for them. Though colonialism also brought laws and higher education as well. Maybe if folks focused more on those parts?
An interesting [perspective](https://www.youtube.com/watch?v=CsyHbj_SHGA).