BBC IS AT IT AGAIN. (Sigh) This series is one of the most insidious pieces of ut

https://www.youtube.com/watch?v=CkHooEp3vRETHE BBC IS AT IT AGAIN. (Sigh)

This series is one of the most insidious pieces of utopian and universalist(Imperialist) propaganda of the past decade. (a particularly British cultural tendency)

The correct answer is that all the economists other than menger failed: Marx, Keynes, Hayek, Samuelson, and so have all four major schools, to solve the problem of informational asymmetry, while preserving incentives, by not measuring total changes to all forms of capital used by man. They also were enamored of fiat money without seemingly grasping that it constituted shares in the corporate state and therefore the citizenry; or grasping that that we no longer require the financial distribution system once we possess fiat, credit, and now electronic money.

And it is not true that we dont understand the post-capitalism model of the economy. We have for many decades. It is post capitalist(financial sector) not post capitalism (the voluntary organization of production using property, money, prices, credit and interest). It is profoundly beneficial for the population, but disempowering of the state and will all but eradicate the financial sector.