A look at the failure of economics and economists to understand discontent. Why Rising GDP doesn't help improve living standards. Special focus on America 00:00 GDP isn’t working 2:21 GDP living standards 5:21 Housing Crisis 6:36 Defending Economics 8:52 Solutions 9:35 Are economists selfish ► Please SUBSCRIBE! ► UK Economy - https://www.youtube.com/c/economicshelp1?sub_confirmation=1 Sources: https://www.economicsobservatory.com/economic-failure-or-failed-economics https://www.weforum.org/stories/2016/01/gdp/ https://www.shu.ac.uk/news/all-articles/features-and-comment/gross-domestic-product https://www.epi.org/blog/wage-inequality-continued-to-increase-in-2020-top-1-0-of-earners-see-wages-up-179-since-1979-while-share-of-wages-for-bottom-90-hits-new-low/ https://www.weforum.org/stories/2021/07/cost-of-food-america-united-states-health-environment/ ABOUT ----------- ► https://www.economicshelp.org was founded in 2006 by Tejvan Pettinger, who studied PPE at Oxford University and teaches economics. He has published several economics books, including: ► Economic Short Cuts https://amzn.to/3IgxupC ► 50 Essential Economic Ideas https://amzn.to/3IgxndG ► Cracking Economics. https://www.economicshelp.org/shop/cracking-economics/ ► What Would Keynes Do? Amazon https://amzn.to/2xShqq4 ► Economics Without the Boring Bits https://amzn.to/48T1hA9