If you are willing to spend 90 minutes watching the following series of nine videos or lessons which cover the nature and reality of neoclassical economics in today’s world, you will understand far more than you ever did before about how finance works. First, we would like to introduce a few observations, weaknesses and some issues on which we part paths with the author of the videos.
These videos are a far cry from the Zeitgeist movies you may have seen. They are far more educational. The first three videos are fairly dry but lay the groundwork to understand the rest. So they require a little more work on the viewers part. Some understandably complain that the author speaks too fast and is difficult to follow in these videos. In the remaining videos Damon Vrabel* warms things up with applications to our own humanity - and the inhumanity of “the owners”.
Axis of Logic’s manifesto has always regarded the Global Corporate Empire (GCE) as being the root of all evil for mankind. The GCE is a result of the financial system of debt creation which emerged with the founding of the Federal Reserve System in December 1913 and the Anglo-American empire. These two entities control the issuance and supply of money based on debt and servitude – in contrast to the widely yet wrongly held notions of wealth and freedom as propagated in our educational and media systems. One important point of disagreement we have with the Vrabel's lessons is related to his references to "free market economics". We find agreement with the words of a friend whom we asked to critique the presentation:
"Implicit in the presentation is the idea that a free market would be good if we had one. The emphasis [in the videos] of course is that we don’t have one ... In fact, the ideology behind a free market society, competition to maximize personal profit, leads exactly to what we have today, and if we went back to a mom and pop free market society it would probably lead to the same kind of society again."