He is advocating Milton Freedman's economic theory as an alternative to "The Great Reset" Reasonable you might think...eh?
IMO, before looking at the the Davos Great Reset proposal it is useful to look at the yardstick which the video presenter uses in his critique, namely Raganomics (applied Freedmanism)
To do this scientifically rather than ideologically, IMO, it would be best to do a "sameness analysis" of OECD countries since 1980s and compare contrast to what degree these jurisdictions have adopted Reganism and then compare the outcomes today.
Where would Singapore sit in comparison to Aus?
IMO, China ought feature dominantly in the analysis because China has experienced phenomenal economic growth over the past 30 years; so much so that the US has now embarked on a 'block China economically" campaign because the USA cannot match China's rate of GDP growth, IMO.
Of course , if we wish to be ideologues (prioritise out core values above economic growth) like the Muslim Caliph does or the Holy Roman Empire did, then it does not make sense to argue its economic merits when other less ideological regimes have faired better economically. We should be only spruiking the personal benefits such as freedom, elitism brought about by unequal opportunity etc, not bottom line economic benefits.#
In summary, the video uses bottom up (micro Economics) vs top down (macro economics) as a one size fits all where in the real world both systems of analysis are used.
PS: I realise that this video will appeal to Populists but just have a think: The current economic systems of both the USA & Aus have been overly influenced by Freedmanism since the mid 1980 which has exacerbated/maintained the cult of the Elite (particuluarly the Billionaire Elite) the very thing that Populists detest.
We sold our our national assets according to Freedman theory (that the State should not be in business) and then those assets were consigned to the Elite in the form of the Future Fund. Would these assets be better owned by the people now?
By the way there is a conflict between Economic self interest & patriotism where patriotism requires putting one's country first.
