Economics and Society - How Economics Drives Society

Did you know that most societal problems—war, poverty, hyperinflation, and even crime—are often man-made, not natural disasters? Many of these issues arise from well-intentioned policies rooted in poor economic understanding. In this video, we explore how bad economics affects everything: from grocery prices to life expectancy, and even art, education, and food quality.
The difference between countries like North Korea and South Korea, or oil-rich Dubai and Venezuela, proves one thing: good economic policies lift societies, while bad ones destroy them. Understanding economics isn’t just for academics—it’s crucial for everyone. By learning and sharing economic principles, we can reduce harmful policies and create a better world.
Economics is the foundation of society. The more people grasp this, the greater the chances of progress, prosperity, and higher living standards for all.
00:00 - Introduction to Economics and Society
00:11 - Man-Made Problems
00:35 - The Influence of Keynesian Economics
00:48 - The Importance of Economic Knowledge
00:59 - Deep Dive into Societal Issues
01:40 - Proof of Economic Impact
02:14 - Learn and Spread Economics