How to Rewrite the Rules of Globalization
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- เผยแพร่เมื่อ 9 ม.ค. 2018
- How did globalization create such discontent in developed and developing countries alike? Nobel laureate and INET grantee Joseph Stiglitz explains in this 150th episode of our “New Economic Thinking“ video series.
Stiglitz says that a corporate-driven policy agenda and the distorted economic views bolstering them have deepened inequality and undermined social stability in regions across the world. Economic theory is actually much more qualified in its endorsement of free trade and efficient markets than policymakers made it out to be, he says. Looking ahead, anti-globalization movements and technological disruption represent a challenge to African countries in particular. Addressing it will require a multi-pronged approach that involves governments and the manufacturing, services, and agriculture sectors.
This is an underrated channel with so many great interviews.
While I always enjoy hearing Professor Stiglitz's views, I can't help being a little disappointed given the title you gave this clip. I didn't expect, given it's brevity, a detailed outline and nomination of a particular forum and participants in which global trade negotiations could be formulated and given authority. Although I did hope to hear something of an overview of fair trade, fair taxation, universal worker rights and some ideas about democratisation of global capital etc. Given his international standing something more than a few facts could have advanced the economic conversation.
I agree. If you haven't already I recommend you pick up his books though, he's a decent writer. I recently read his book about the euro and I'm now looking forward to picking up the one about globalization.
I recommend "Globalization, and it's Discontents revisited. I have been impressed by both this book and "Rewriting the Rules of the American Economy." (Which answered a lot of questions I had about how things went so wrong in the past decades and how to improv our prospects of government that acts more in the public interest.) He deserves an international standing, I believe. I think that the kind of depth you are looking for is better found in a book than a short video.
I hope you realize that globalization has greatly increased global warming, and most other environmental impacts. Some scientists, e.g., J. Lovelock and Guy McPherson are predicting a population die-off by the end of the century. Solar panels from China won't save you, because they can't stop the destruction to environmental services and farmland. They can't produce enough electricity to replace fossil fuel anyway. Economists have led us to disaster.
great professor.
WIsh I had him as my professor...
Yeah really... all kids need a firm understanding of economics to be financially literate, yet it seems to be the most atrophied item in education.
He's wrong in everything he says; he's an ideolog. He sounds like John Maynard Keynes in 1936. Take a look at my book if you want a better understanding. From 1800-1930, 2/3rds of years the fed govt ran budget surplusses, since then, 22 trillion in natl debt! John Maynard Keynes gave "demand-pull" econ theory a false bible in which to create all our problems. We must understand why it's an econ heresy for our kids' sake. Do good people hand their kids THEIR virtually insurmountable debt? Click for a sample read of my book at econclarity.com If it reads well get it. If we care about posterity, we must kill John Maynard Keynes before he kills us! econclarity.com
6:44 United Steaks
WHEN IS INET GOING TO UPLOAD THE VIDEOS FROM "SECULAR STAGNATION" AND "PARADIGMS OF ECONOMIC POLICY" CONFERENCES? ASAP PLEASE
a great economist
Are you kidding? Stiglitz is a right wing nut job! His whole book on the public sector is a rant on inefficiency. Inefficiency is a NEOLIBERAL bullshit narrative
Learn Socialist Justice - Ha ha, he's a lefty liberal, but not a commie like you.
Whats wrong about commies???
I was always under the impression that executives were in too much of a rush to "sell jobs" to China and/or India, to get huge bonusses for themselves. Those transistions should have been much better managed, at a slower pace, to allow for other adjustments.
Hayek if I recall believed that in order for the market to work was that you should not provide for anything thing like welfare, unemployment, retaining, etc. Poverty seemed to be a good idea to him to improve labor efficiency. So no, you don't provide ways to handle disruption of labor.
Anarchy is always a fantasy best left to movies and video games.
read the tyranny of merit, prof sandel tackled your question. u even misunderstood what hayek wrote
@@giialiinh I don't think so, but I will try to find a copy of Tyranny of Merit. I just read where one of our politicians believes that working people should not have too much money or they won't work. That goes along with a lot neoliberal values and viewpoints where labor is just another commodity.
'The problems of climate change,' for the global economy.....as John McEnroe used to annoyingly say, 'You cannot be serious !'
MNB3701 students - hi
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Here’s a radical idea. No taxes whatsoever. Just “politicians” proposing laws - and when they’re passed / agreed on they get handed down to societies in smaller groups (e.g, municipalities or town or cities) to implement.
How about,no globalization
Kip Gibbs Globalization can be a good thing, even in its actual model it has good points.
It is inevitable; but how it works is up to us.
The world made a big mistake by embracing the jewish monetary idea i will humbly urge you to listen to money masters by Bill Still that describe the problem to our money problems which according to UN chief the current financial achitecture is dysfunctional, outdated and unjust
According to nassim Nicholas taleb
His prediction are wrong
Do he is unbelievable...
Who’s gonna deal with the question of “too many people on the planet”?
That’s the hardest one to solve imo... because less people = better sustainability on this planet and an easier way to share SCARCE resources amongst humanity.
That would tackle the issue the wrong way. Its not the amount of people that makes resources scarce, its the way we consume these resources. The consumption habit of 100 Indians is equivalent to the consumption habit of 1 American, I think this is exactly where the problem lies...
"An agenda to increase profits", as if this wasn't predictable. Yes, the discontents were right. No to rewriting rules; end globalization.
First time I’ve heard a mainstream economist actually talk about the Corporatocracy. He’s still too conservative. The only answer is to burn it all down - and Trump’s already lit the match.
Easy to say now. When everything's ashes, you'll be singing another song.
Ya "burning it all down" is frustrated and uncritical. Advocating a utopian cleanse like the anarchists is asking for a nightmare world to explode out of the ensuing disorder.
@@nightoftheworld You think a nightmare world isn't coming no matter what we do?
@@frankshulse8022 I think some nightmares are more brutal than others.. but pain is subjective so..
@@nightoftheworld So try punching a cop in the face. You'll experience real pain, but the cops will say it's subjective.